2020-12-31-accounts - Peacehaven House

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		Page
Reference and Administrative Details
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12	to	21

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes		E		5
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	40,520	114,380	154,900
Charitable activities		4
Activities undertaken directly			1,532,557		1,532,557	1,526,558
Investment income		3	13,645		13,645	14,291
Total			1,586,722	114,380	1,701,102	1,540,849
EXPENDITURE ON
Charitable activities
Activities undertaken directly			1 588 902	114380	1 703282	1 518337
NET INCOME I(EXPENDITURE) BEFOREGAINS OR LOSSES ON INVESTMENTS			(2,180)		(2,180)	22,512
Net gains on investments			5,025		5,025	50,531
NET INCOME			2,845		2,845	73,043
RECONCILIATION OF FUNDS
Total funds brought forward			2,116,583		2,116,583	2,043,540
TOTAL FUNDS CARRIED FORWARD			2,118,428		2,119,428	2,116583

Peacehaven House Balance Sheet 31 December 2020
		2020	2019
	Notes	6	E
FIXEDASSETS
Tangible assets	11	1,453,476	1,453,725
Investments	12	555 4O7	542,088
		2,008,883	1,995,813
CURRENT ASSETS
Debtors	13	49,597	36,953
Cash at bank		186,176	156,191
		235,773	193,144
CREDITORS
Amounts falling due within one year	14	(125,228)	(72,374)
NET CURRENT ASSETS		110,545	120,770
TOTAL ASSETS LESSCURRENT LIABILITIES		2,119,428	2,116,583
NET ASSETS		2,119,428	2,116,583
FUNDS	17
Unrestricted funds		2,119,428	2,116,583
TOTAL FUNDS		2,119,428	2,116,583

for the Year Ended 31	Decembe	r 2020
			2020	2019
		Notes
Cash flows from operating	activities
Cash generated from operations		1	29,835	~13,700)
Net cash provided by/(used	in) operating	activities	29,835	~13,700)
Cash flows from investing	activities
Purchase offixed asset investments Sale offixed asset investments			(113,213) 113,213	(265,526) 140,526
Interest received			150	403
Net cash provided by/(used	in) investing	activities	150	(124597)
Change in cash and cash	equivalents	in
the reporting period Cash and cash equivalents	at the		29,985	(138,297)
beginning ofthe reporting	period		156,191	294,488
Cash and cash equivalents	at the end	of
the reporting period			186,176	156,191

for	the Year Ended 31	December 2020	December 2020
	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2020f	2019 6
	Net income for the	reporting period (as per the Statement of
	Financial Activities) Adjustments for:		2,845	73,043
	Gain on investments Loss on disposal offixed assets		(5,025) 249	(50,531)
	Interest received Management fees paid out offund		(150) 5,201	(403) 4,780
	Dividends received Increase in debtors Increase/(decrease)	in creditors	(13,495) (12,644) 52,854	(13,888) (1,917) ~24,784
	Net cash provided	by/(used in) operations	29,835	(13,700)
2.	ANALYSIS OF CHANGES IN NET FUNDS

for	the Year Ended 31 Decemb	the Year Ended 31 Decemb	the Year Ended 31 Decemb	the Year Ended 31 Decemb	er 2020
3.	INVESTMENT INCOME
								2020	2019
								6	E
	Income UK listed		investments					13,495	13,888
	Deposit account	interest						150	403
								13,645	14,291
	INCOME FROM	CHARITABLE			ACTIVITIES
								2020	2019
					Activity			6	6
	Income from residents				Activities undertaken	directly		1,532,153	1,526,558
	Sundry income				Activities undertaken	directly		404
								1,532,557	1,526,558
5.	CHARITABLE ACTIVITIES COSTS
							Direct	Support
							Costs (see	costs (see
							note 6)	note 7)	Totals
							F
	Activities undertaken			directly			1,684,285	18,997	1,703,282
6.	DIRECT COSTS	OF CHARITABLE ACTIVITIES
								2020	2019
								E
	Staff costs							1,162,635	1,049,358
	Food costs							106,301	100,169
	Residents outings		& entertainment					3,364	7,937
	Heat, light &water							74,551	82,964
	Repairs &maintenance							154,031	129,725
	Cleaning, infection		control &PPE					59,046	9,318
	Household expenses							18,923	19,463
	Garden expenses							15,948	2,158
	Laundry							4,038	3,905
	Sundry and travel		expenses					4,229	18,696
	Protective clothing							4,182	5,182
	Insurance							19,689	18,136
	Telephone							4,314	4,803
	Office expenses							18,435	9,089
	Registration expenses							10,854	10,322
	Training expenses							7,897	9,249
	Advertising							2,254	4,020
	Medical supplies	and toiletries						5,715	5,338
	Council Tax							2,348	1,550
	PSA							5,531	7,380
								1,684,285	1,498,762

SUPPOR	T COSTS
					Governance
				Finance	costs	Totals
				6	F	6
Activities	undertaken	directly		249	18,748	18,997
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
					2020	2019
					r.	F
Auditors' Deficit on	remuneration disposal of	fixed	assets		4,944 249	4,620

							2020	2019
								f
Wages and salaries Social security costs							1,092,597 70,038	985,203 64 155
							1,162,635	1,049,358
The average		monthly		number ofemployees	during	the year was as follows:
							2020	2019
Average	number		ofstaff employed				67	66

e Year Ended 31 December 2020 TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and
	property	fittings	Totals
			8
COST
At 1 January 2020 Disposals	1,400,000	320,985 ~2,369)	1,720,985 ~2,369)
At 31 December 2020	1,400,000	318,616	1,718,616
DEPRECIATION
At 1 January 2020 Eliminated on disposal		267,260 ~2,120)	267,260 ~2,)20)
At 31 December 2020		265,140	265 14D
NET BOOK VALUE
At 31 December 2020	1,400,000	53,476	1,453,476
At 31 December 2019	1,400,000	53,725	1,453,725

FIXEDASSET INVESTMENTS
	Listed
	investments
	8
MARKET VALUE
At 1 January 2020	542,088
Additions Disposal proceeds Gain I(Loss) on disposal Change in market value Investment income received Fund fees and charges	113,213 (113,213) (1,984) 7,009 13,495 ~5,201 )
At 31 December 2020	555,407
NET BOOK VALUE
At 31 December 2020	555,407
At 31 December 2019	542,088

DEBTORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR
	2020	2019
Trade debtors Other debtors Prepayments	32,001 7,039 10,557	25,043 3,290 8,620
	49,597	36,953

CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2020	2019
		6
Trade creditors Social security and other Other creditors Accrued expenses	taxes	(292) 34,922 27,328 63,270	2,294 22,976 20,380 26,724
		125,228	72,374

Minimum lease payments under non-cancellable operatin	g leases fall due as follows:
	2020	2019
Within one year Between one and five years	8,098 23,596	7,876 27,062
	31,694	34,938

ANALYSIS OF NET ASSETS B	ETWEEN FUNDS
			2020	2019
	Unrestricted	Restricted	Total	Total
	funds	fund	funds	funds
Fixed assets Investments Current assets Current liabilities	1,453,476 555,407 235,773 ~)25,228)		1,453,476 555,407 235,773 ~)25,228)	6 1,453,725 542,088 193,144 ~22324),
	2,119,428		2,119,428	2,116,583

Comparative	net movement in fund	s, included in the above are	as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
			L
Unrestricted	funds
General fund		1,540,849	(1,518,337)	50,531	73,043
TOTAL FUNDS		1,540,849	~1.518,337)	50,531	73,043

A current yea	r 12months and prior year 12	months combined position is as follo	ws:
			Net
			movement	At
		At 1.1.19 F	in funds	31.12.20 f
Unrestricted	funds
General fund Revaluation	Reserve	1,160,572 882 968	75,888	1,236,460 882 968
		2,043,540	75888	2,119,428
TOTAL FUNDS		2,043 540	75,888	2,119428

y p as follows:	y mons comne	ne movemen in	unds, included i	n the above
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
		F
Unrestricted funds
General fund	3,127,571	(3,107,239)	55,556	75,888
Restricted funds
Restricted funds	114,380	(114,380)
TOTAL FUNDS	3,241,951	~3,221,619)	55,556	75,888