## ## |||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|||| ||At 1.1.20|Cash flow|At 31.12.20| |---|---|---|---| |Net cash|||| |Cash at bank|156191|29,985|186,176| ||156,191|29,985|186,176| |Total|156,191|29985|186,176| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| |14.|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| ## ## ## |MOVEMENT||IN FUNDS|||||| |---|---|---|---|---|---|---|---| |||||||Net|| |||||||movement|At| |Unrestricted||funds|||At 1.1.20
f|in funds
E|31.12.20
E| |General
fund
Revaluation|Reserve||||1,233,615
882,968|2,845|1,236,460
882 968| ||||||2,116583|2,845|2,119,428| |TOTAL FUNDS|||||2 116,583|2,845|2 119.428| |Net movement||in funds,|included|in the above are as follows:|||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |Unrestricted||funds||E|K||K| |General fund||||1,586,722|(1,588,902)|5,025|2,845| |Restricted funds|||||||| |Restricted funds||||114,380|(114,380)||| |TOTAL FUNDS||||1,701.102|~4.703,282I|5,025|2,845| ## |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.1.19|in funds|31.12.19| |||||6|8| |Unrestricted||funds|||| |General
fund
Revaluation||Reserve|1,160,572
882,968|73,043|1,233,615
882,968| ||||2,043,540|73,043|2 116,583| |TOTAL|FUNDS||2,043.540|73.043|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| ## ## ##