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|Trustees|||Mr PAAppleton|||||
|---|---|---|---|---|---|---|---|
||||Ms SColes|||||
||||Ms K Gibbs|||||
||||Mrs S N Hallett|||||
||||Mr D H Hitchin|||||
||||Mrs PASear|||||
||||Mrs J EStock|||||
||||Mr J Thurley|||||
||||Ms SWalton|||(Appointed|3July 2020)|
|Treasurer|||Mr D Hitchin|||||
|Charity number|||1070891|||||
|Company|number||3580252|||||
|Registered||office|Eastbourne
Road|||||
||||Polegate|||||
||||East Sussex|||||
||||BN26 5HB|||||
|Auditors|||Knill James LLP|||||
||||One Bell Lane|||||
||||Lewes|||||
||||East Sussex|||||
||||BN7 1JU|||||
|Bankers|||Barclays Bank Pic|||||
||||63/67 Terminus|Road||||
||||Eastbourne|||||
||||East Sussex|||||
||||BN21 3NE|||||
|Solicitors|||Gaby Hardwicke|||||
||||33The Avenue|||||
||||Eastbourne|||||
||||East Sussex|||||
||||BN21 3YD|||||
|Investment||advisors|Rathbone
Investment||Management|Limited||
||||1 Northgate|||||
||||Chich ester|||||
||||West Sussex|||||
||||PO19 1AT|||||
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|||Page|
|---|---|---|
|Trustees'
report||1-9|
|Statement
ofTrustees'|responsibilities|10|
|Independent
auditor's|report|11 - 13|
|Statement
of financial|activities|14 - 15|
|Balance sheet||16|
|Statement
ofcash flows||17|
|Notes to the financial|statements|18-29|
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|Current financial|year||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|||
|||||general|Designated||||
||||Notes|2021|2021f|2021|2021|2020f|
|Inc me and endowments||from:|||||||
|Donations
and legacies||||14,805||153,886|168,691|2,767|
|Charitable
activities||||2,092,522|||2,092,522|2,132,551|
|Investments||||17,810|||17,810|23,594|
|Other income||||13,613|||13,613|7,506|
|Total income||||2,138,750||153,886|2,292,636|2,166,418|
|Ex e ditur
on:|||||||||
|Raising funds||||4,671|||4,671|5,104|
|Charitable
activities|||8|2,140,106|26,288|116,127|2,282,521|2,223,648|
|Total resources expended||||2,144,777|26,288|116,127|2,287,192|2,228,752|
|Net gains/(losses)|on investments||12|158,972|||158,972|(79,139)|
|Net incoming/(outgoing)||resources|||||||
|before transfers||||152,945|(26,288)|37,759|164,416|(141,473)|
|Gross transfers
between||funds||11,471|26,288|(37,759)|||
|Net movement
in|funds|||164,416|||164,416|(141,473)|
|Fund balances at 1 April 2020||||2,646,762|800,000||3,446,762|3,588,235|
|Fund balances at|31 March 2021|||2,811,178|800,000||3,611,178|3,446,762|
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|Prior financial year|Prior financial year|Prior financial year|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted||Total|
||||||funds||funds||
||||||general||Designated||
||||||2020||2020|2020|
|||||Notes|||||
|Income and endowments|||from:||||||
|Donations
and legacies|||||2,767|||2,767|
|Charitable
activities|||||2,132,551|||2,132,551|
|Investments|||||23,594|||23,594|
|Other income|||||7,506|||7,506|
|Total income|||||2,166,418|||2,166,418|
|Ex enditure on:|||||||||
|Raising funds|||||5,104|||5,104|
|Charitable
activities|||||2,223,648|||2,223,648|
|Total resources|expended||||2,228,752|||2,228,752|
|Net gains/(losses)||on investments||12|(79,139)|||(79,139)|
|Net movement|in|funds|||(141,473)|||(141,473)|
|Fund balances at 1 April 2019|||||2,788,235||800,000|3,588,235|
|Fund balances|at|31 March 2020|||2,646,762||800,000|3,446,762|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
|Fixed assets|||||||||
|Tangible assets||||14||2,806,507||2,856,359|
|Investments||||15||782,407||714,980|
|||||||3,588,914||3,571,339|
|Current assets|||||||||
|Stocks||||16|7,012||6,547||
|Debtors||||17|11,948||24,124||
|Cash at bank|and in|hand|||236,328||87,231||
||||||255,288||117,902||
|Creditors: amounts||falling due within||18|||||
|one year|||||(233,024)||(242,479)||
|Net current assets/(liabilities)||||||22,264||(124,577)|
|Total assets|less current||liabilities|||3,611,178||3,446,762|
|Income funds|||||||||
|Unrestricted|funds -|Designated||20||800,000||800,000|
|Unrestricted|funds -|General||||2,811,178||2,646,762|
|||||||3,611,178||3,446,762|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||||
|Cash flows from operating|activities||||||
|Cash generated
from operations||24||147,097||50,834|
|Investing
activities|||||||
|Purchase oftangible fixed assets|||(107,355)||(184,598)||
|Purchase
of investments|||1,130||(138,997)||
|Proceeds on disposa! of investments|||43,538||254,305||
|Cash account movement|||46,877||(7,780)||
|Interest received|||17,810||23,594||
|Net cash generated
from/(used
in)
investing
activities||||2,000||(53,476)|
|Net cash used in financing|activities||||||
|Net increase/(decrease)
in
equivalents|cash and cash|||149,097||(2,642)|
|Cash and cash equivalents|at beginning|ofyear||87,231||89,873|
|Cash and cash equivalents|at end of|year||236,328||87,231|
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|5|Investments||||
|---|---|---|---|---|
||||2021|2020|
||Income from|listed investments|17,810|23,575|
||Interest receivable|||19|
||||17,810|23,594|
||For the year|ended 31 March 2020|||
||Unrestricted|funds||23,594|
|6|Other income||||
||||2021|2020|
||Other income||13,613|7,506|
||Forthe year|ended 31 March 2020|||
||Unrestricted|funds||7,506|
|7|Raising funds||||
||||2021|2020|
||Investment
management||4,671|5,104|
||||4,671|5,104|
||Forthe year|ended 31 March 2020|||
||Unrestricted|funds||5,104|
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|Charitable
activities||||
|---|---|---|---|
|||2021|2020|
||||f.|
|Staff costs||1,382,780|1,232,081|
|Depreciation
and impairment
Provisions||157,208
180,755|145,075
171,190|
|Training
and conference expenses
Fee subsidy
Electricity
Gas||21,569
82,522
40,567
25,367|24,537
203,948
28,134
29,749|
|Water||31,816|24,363|
|Council tax||3,492|2,422|
|Cleaning
and consumables
Insurance||19,997
7,492|14,343
7,096|
|Garden expenses
Repairs
Decorations||10,697
120,879
2,496|14,241
128,332
14,022|
|Travel expenses
Welfare expenses
Other charitable
expenditure||15,439
10,280
93,009|5,790
11,872
73,212|
|||2,206,365|2,130,407|
|Share ofgovernance|costs (see note 9)|76,156|93,241|
|||2,282,521|2,223,648|
|Analysis
by fund
Unrestricted
funds -|General|2,140,106|2,223,648|
|Unrestricted
funds -|Designated|26,288||
|Restricted funds||116,127||
|||2,282,521|2,223,648|
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|Support|c|osts|||||
|---|---|---|---|---|---|---|
|||||Governance|2021|2020|
|||||costs|||
|Audit fees||||8,220|8,220|7,980|
|Legal and||professional||31,748|31,748|34,539|
|Sank charges and interest||||666|666|756|
|Registration||fees||8,792|8,792|9,404|
|Stationery,||advertising|and software|14,806|14,806|27,542|
|Postage and telephone||||11,744|11,744|13,020|
|Committee||expenses||180|180||
|||||76,156|76,156|93,241|
|Analysed|to:||||||
|Charitable||activities||76,156|76,156|93,241|
##
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|||2021|2020|
|---|---|---|---|
|||Number|Number|
|Housing care|for residents|67|65|
|Administration||4|5|
|Total||71|70|
|Employment|costs|2021|2020|
|Wages and salaries||1,222,223|1,089,507|
|Social security|costs|75,680|66,021|
|Other pension|costs|84,877|76„553|
|||1,382,780|1,232,081|
##
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|Net (losses|)/ga|ins
on investments|||
|---|---|---|---|---|
||||2021|2020|
|Revaluation|of|investments|148,634|15,555|
|Gain/(loss)|on|sale of investments|10,338|(94,694)|
||||158,972|(79,139)|
##
|14|Tangible fixed assets||Land and|Fixtures,|Motor|Total|
|---|---|---|---|---|---|---|
||||buildings
-|fittings &|vehicles||
||||Freehold|equipment|||
||Cost||||||
||At 1 April 2020
Additions||3,383,135
15,108|897,962
92,247|49,751|4,330,848
107,355|
||At 31 March 2021||3,398,243|990,209|49,751|4,438,203|
||Depreciation
and impairment
At 1 April 2020
Depreciation
charged
in the year||906,712
67,965|522,239
88,190|45,537
1,053|1,474,488
157,208|
||At 31 March 2021||974,677|610,429|46,590|1,631,696|
||Carrying
amount
At 31 March 2021||2,423,566|379,780|3,161|2,806,507|
||At 31 March 2020||2,476,422|375,723|4,214|2,856,359|
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||||Listed|Other|Total|
|---|---|---|---|---|---|
||||investments|investments||
||Cost or valuation|||||
||At 1 April 2020||651,113|63,867|714,980|
||Additions||(1,130)||(1,130)|
||Valuation
changes||148,634||148,634|
||Cash account movement|||(46,877)|(46,877)|
||Disposals||(33,200)||(33,200)|
||At 31 March 2021||765,417|16,990|782,407|
||Carrying
amount|||||
||At 31 March 2021||765,417|16,990|782,407|
||At 31 March 2020||651,113|63,867|714,980|
|||||2021|2020|
||Other investments|comprise:||||
||Cash held|||16,990|63,867|
|16|Stocks|||2021|2020f|
||Consumables|||7,012|6,547|
|17|Debtors|||||
|||||2021|2020|
||Amounts
falling|due within one year:||||
||Trade debtors|||733|160|
||Other debtors|||4,397|3,976|
||Prepayments
and|accrued income||6,818|19,988|
|||||11,948|24,124|
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|18|Creditors: amounts|falling due within one year|2021|2020|
|---|---|---|---|---|
||Other taxation and social security
Trade creditors||16,616
47,335|14,509
30,006|
||Other creditors||11,883|12,135|
||Accruals and deferred|income|157,190|185,829|
||||233,024|242,479|
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||||Movement|||||
|---|---|---|---|---|---|---|---|
||||in funds|||||
|||Balance at|Incoming|Balance at|Resources|Transfers|Balance at|
|||1 April 2019|resources|1 April 2020|expended||31 March 2021|
|Property|improvements|||||||
|reserve||300,000||300,000|||300,000|
|Other care improvements||||||||
|reserve||250,000||250,000|||250,000|
|Bursary|fund|250,000||250,000|(26,288)|26,288|250,000|
|||800,000||800,000|(26,288)|26,288|800,000|
##
|Analysis of|net assets between funds|||||
|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Total|
|||funds|funds|funds||
|Fund balances at 31 March 2021 are||||||
|represented|by:|||||
|Tangible assets||2,806,507|||2,806,507|
|Investments||782,407|||782,407|
|Current assets/(liabilities)||(777,736)|800,000||22,264|
|||2,811,178|800,000||3,611,178|
##
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|22|Operating
lease commitments
At the reporting
end date the charitable|Operating
lease commitments
At the reporting
end date the charitable|company|company|company|had outstanding|had outstanding|commitments|for future
minimum|lease|
|---|---|---|---|---|---|---|---|---|---|---|
||payments
under non-cancellable
operating|||leases, which|||fall due|as follows:|||
||||||||||2021f|2020|
||Within one year
Between two and five years||||||||24,162
90,527|24,162
94,026|
||In over five years||||||||61,342|82,006|
||||||||||176,031|200,194|
|23|Related party transactions||||||||||
||Remuneration
of key management|personnel|||||||||
||The remuneration
of key management|personnel||||is as follows.|||||
||||||||||2021|2020|
||Aggregate
compensation||||||||149,190|175,197|
||There have been no disclosable
related||party||transactions||in the|year.|||
|24|Cash generated
from operations||||||||2021|2020|
||Surplus/(deficit)
for the year||||||||164,416|(141,473)|
||Adjustments
for:
Investment
income recognised
in profit||or|loss|||||(17,810)|(23,594)|
||(Gain)/loss
on disposal of investments
Fair value gains and losses on investments
Depreciation
and impairment
oftangible
fixed assets||||||||(10,338)
(148,634)
157,208|94,694
(15,555)
145,075|
||Movements
in working
capital:||||||||||
||(Increase)
in stocks
Decrease/(increase)
in debtors||||||||(465)
12,176|(6,881)|
||(Decrease) in creditors||||||||(9,456)|(1,432)|
||Cash generated
from operations||||||||147,097|50,834|
|25|Analysis ofchanges
in net funds||||||||||
||The charitable
company
had no debt|during|||the|year.|||||