| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement of Financial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | |||
| Notes to the Financial Statements | 12 | to | 20 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | F | 6 | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
7,044 | 157,019 | 164,063 | 154,900 | ||
| Chaditable activities |
||||||
| Activities undertaken |
directly | 1,612,156 | 1,612,156 | 1,532,557 | ||
| Investment income |
3 | 13,304 | 13,304 | 13,645 | ||
| Total | 1,632,504 | 157,019 | 1,789,523 | 1,701,102 | ||
| EXPENDITURE ON | ||||||
| Charitable activities Activities undertaken |
directly | 5 | ~1384 | 157019 | 1 756403 | 1 703282 |
| NET INCOME I(EXPENDITURE) BEFORE | 33,120 | 33,120 | (2,180) | |||
| GAINS OR LOSSES | IN INVESTMENTS | |||||
| Net gains on investments | 63669 | 63,669 | 5 625 | |||
| NET INCOME | 96,789 | 96,789 | 2,845 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought | forward | 2,119,428 | 2,119,428 | 2,116,583 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,216217 | - | 2.216.217 | 2.119,426 |
| Peacehaven House Balance Sheet 31 December 2021 |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | E | 6 | |
| FIXEDASSETS | |||
| Tangible assets Investments |
11 12 |
1,453,476 627,472 |
1 453476 555,407 |
| 2,080,948 | 2,008,883 | ||
| CURRENT ASSETS | |||
| Debtors | 13 | 71,160 | 49,597 |
| Cash at bank | 187,713 | 186,176 | |
| 258,873 | 235,773 | ||
| CREDITORS | |||
| Amounts falling due within one year |
14 | (123,604) | (125,228) |
| NET CURRENT ASSETS | 135,269 | 110,545 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 2216217 | 2 119428 | |
| NET ASSETS | 2 216,217 | 2,119,428 | |
| FUNDS | 17 | ||
| Unrestricted funds |
2,216,217 | 2,119,428 | |
| TOTAL FUNDS | 2,216,217 | 2,119.428 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from | operating | activities | ||
| Cash generated from operations 1 |
1,512 | 29,835 | ||
| Net cash provided | by operating activities |
1,512 | 29,835 | |
| Cash flows from | investing | activities | ||
| Purchase offixed |
asset investments | (63,199) | (113,213) | |
| Sale offixed asset investments | 63,199 | 113,213 | ||
| Interest received | 25 | 150 | ||
| Net cash provided | by investing activities |
25 | 150 | |
| Change in cash |
and cash | equivalents | ||
| in the reporting | period | 1,537 | 29,985 | |
| Cash and cash equivalents | at the | |||
| beginning ofthe |
reporting | period | 186,176 | 156,191 |
| Cash and cash equivalents | at the end | |||
| ofthe reporting | period | 187,713 | 186,176 |
| for | the Year Ended 3 | 1December 2021 |
1December 2021 |
1December 2021 |
|||
|---|---|---|---|---|---|---|---|
| 1. | RECONCILIATION | OF NET INCOME TO | NET CASH FLOW FROM | OPERATING ACTIVITIES | |||
| 2021 | 2020 | ||||||
| 6 | |||||||
| Net income for the | reporting | period (as | per the Statement of | ||||
| Financial Activities) Adjustments for: |
96,789 | 2,845 | |||||
| Gain on investments Loss on disposal of |
fixed assets | (63,669) | (5,025) 249 |
||||
| Interest received Management fees paid out of fund Dividends received Increase in debtors (Decrease)/increase in creditors |
(25) 4,883 (13,279) (21,563) ~1,624) |
(150) 5,201 (13,495) (12,644) 52,854 |
|||||
| Net cash provided | by operations | 1,512 | 29,835 | ||||
| . | ANALYSIS OF CHANGES | IN NET FUNDS | |||||
| At 1.1.21 | Cash flow | At 31.12.21 | |||||
| Net cash | 9 | 9 | |||||
| Cash at bank | 186176 | 1 537 | 187,713 | ||||
| 186,176 | 1 537 | 187713 | |||||
| Total | 186,176 | 1,537 | 187,713 |
| Donations | 2021 f |
2020 | ||
|---|---|---|---|---|
| Grants | 1,021 | 73 | ||
| 163,042 | 154,827 | |||
| 164,063 | 154,900 | |||
| Grants received, | included | in the above, are as follows: | ||
| Other grants | 2021 f 163,042 |
2020 f 154,827 |
| INVESTNIENT INCOME | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Income UK listed investments Deposit account interest |
13,279 25 |
6 13,495 150 |
||||
| 13,304 | 13,645 | |||||
| INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | |||||
| Income from residents Sundry income |
Activity Activities Activities |
undertaken undertaken |
directly directly |
6 1,608,598 3,558 |
1,532,153 404 |
|
| 1,612,156 | 1,532,557 | |||||
| CHARITABLE ACTIVITIES | COSTS | |||||
| Direct | Support | |||||
| Costs (see | costs (see | |||||
| Activities undertaken directly |
note 6) 8 1,738,313 |
note 7) 6 18,060 |
Totals 1,756,403 |
|||
| DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | |||||
| Staff costs Food costs Residents outings &ent Heat, light &water Repairs 8 maintenance Cleaning, infection control & Household expenses Garden expenses Laundry Sundry and travel expenses Protective clothing Insurance Telephone Office expenses Registration expenses Training expenses Advertising Medical supplies and toiletrie Council Tax PSA |
PPE s |
F 1,238,365 107,068 7,522 93,408 151,971 22,053 15,550 1,078 4,048 3,800 12,508 23,610 4,344 13,536 14,609 7,326 3,269 5,903 2,284 6,061 |
6 1,162,635 106,301 3,364 74,551 154,031 59,046 18,923 15,948 4,038 4,229 4,182 19,689 4,314 18,435 10,854 7,897 2,254 5,715 2,348 5,531 |
|||
| 1,738,313 | 1,684285 |
| SUPPOR | T COSTS | ||||
|---|---|---|---|---|---|
| Governance | |||||
| costs | |||||
| Activities | undertaken | directly | F 18,090 |
||
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||
| 2021 | 2020 | ||||
| Auditors' Deficit on |
remuneration disposal of |
fixed | assets | 8 4,580 |
f 4,944 249 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Wages and salaries Social security costs |
8 1,165,160 73,205 |
8 'I,092,597 70,038 |
||
| 1,236,365 | 1.162,635 | |||
| The average monthly |
number ofemployees | during the year was as follows: | ||
| Average number ofstaff employed |
2021 70 |
2020 67 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Freehold | and | ||
| property | fittings | Totals | |
| 6 | |||
| COST | |||
| At 1 January 2021 and | |||
| 31 December 2021 | 1,400 000 | 318616 | 1,118816 |
| DEPRECIATION | |||
| At 1 January 2021 and | |||
| 31 December 2021 | 265,140 | 265,140 | |
| NET BOOK VALUE | |||
| At 31 December 2021 | 1,400,000 | 53,476 | 1,453,476 |
| At 31 December 2020 | 1,400,000 | 53,476 | 1,453,476 |
| Listed | |||
|---|---|---|---|
| investments | |||
| MARKET VALUE | E | ||
| At 1 January 2021 Additions Disposal proceeds Gain /(Loss) on disposal Change in market value Investment income received Fund fees and charges |
555,407 63,199 (63,199) 6,993 56,676 13,279 ~4,883) |
||
| At 31 December 2021 | 627,472 | ||
| NET BOOK VALUE | |||
| At 31 December 2021 | 627,472 | ||
| At 31 December 2020 | 555,407 | ||
| There were no investment | assets outside the UK. | ||
| Cost or valuation at 31 December 2021 is represented |
by: | ||
| Listed | |||
| investments | |||
| Valuation in 2021 |
6 627,472 |
| 13. | DEBTORS:AINOUNTS |
FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Trade debtors Other debtors Prepayments |
8 64,958 4,068 2,134 |
E 32,001 7,039 10,557 |
||
| 71,160 | 49,597 | |||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | |||
| Trade creditors Social security and other Other creditors Accrued expenses |
taxes | 8 7,329 29,459 50,321 36,495 |
(292) 34,922 27,328 63,270 |
|
| 123,604 | 125,228 |
| Minimum lease payments under non-cancellable ope |
rating leases fall due as follows: |
|
|---|---|---|
| 2021 | 2020 | |
| Within one year Between one and five years |
5,996 11,344 |
6,188 17,868 |
| 17,340 | 24,056 |
| ANALYSIS OF NET ASSET | SBETWEEN FUNDS | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Restricted | Total | Total | |
| Fixed assets Investments Current assets Current liabilities |
funds 1,453,476 627,472 258,873 ~)23,664 |
fundf | funds 8 1,453,476 627,472 258,873 ~123,664) |
funds 8 1,453,476 555,407 235,773 ~728,228) |
| 2216,217 | 2 218,217 | 2,118428 |
| MOVEM | ENT | IN FUNDS | |||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| Unrestricted | funds | At 1.1.21 f |
in funds f |
31.12.21 f |
|
| General fund Revaluation |
Reserve | 1,236,460 882,968 |
96,789 | 1,333,249 882,968 |
|
| 2 119,428 | 96,789 | 2,216,217 | |||
| TOTAL | FUNDS | 2 119428 | 96,789 | 2,218.217 |
| Net movement in funds, includ |
ed in the ab |
ove are as foll | ows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| Unrestricted funds |
resources f |
expended f |
losses F |
in funds f |
|
| General fund | 1,632,504 | (1,599,384) | 63,669 | 96,789 | |
| Restricted funds | |||||
| Restricted fund | 157,019 | (157,019) | |||
| TOTAL FUNDS | 1789523 | t7, ,7584931 | 83,669 | 96789 | |
| Comparatives for movement |
in funds | ||||
| Net | |||||
| movement | At | ||||
| Unrestricted funds |
At 1.1.20 f |
in funds F |
31.12.20 f |
||
| General fund Revaluation Reserve |
1,233,615 882,968 |
2,845 | 1,236,460 882,968 |
||
| 2,116,583 | 2,845 | 2,119,428 | |||
| TOTAL FUNDS | 2,116,583 | 2,846 | 2,11~.428 |
| Comparative net movement in f |
unds, included in the abov |
e are as follows: | ||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| Unrestricted funds |
resources f |
expended f |
losses f |
in funds f |
| General fund |
1,586,722 | (1,588,902) | 5,025 | 2,845 |
| Restricted funds | ||||
| Restricted funds | 114,380 | (114,380) | ||
| TOTAL FUNDS |
| A curren | t ye | ar 12months and prior year |
12 months combined position is |
as follows: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.21 | |||
| E | F | E | |||
| Unrestricted | funds | ||||
| General | fund | 1,233,615 | 99,634 | 1,333,249 | |
| Revaluation | Reserve | 882 968 | 882,968 | ||
| 2,116,583 | 99,634 | 2,216,217 | |||
| TOTAL | FUNDS | 2,116,583 | 99634 | 2 218,217 |
| A current year 12 months and p above are as follows: |
rior year 12 months com |
bined net movem |
ent in funds, i |
ncluded in t |
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| 6 | 6 | 6 | ||
| Unrestricted funds |
||||
| General fund |
3,219,226 | (3,188,286) | 68,694 | 99,634 |
| Restricted funds | ||||
| Restricted funds | 271,399 | (271,399) | ||
| TOTAL FUNDS | 3,496.625 | ~3,459,6857 | 68,694 | 99,634 |