| The deficit for the year amounte summarised as follows:- |
The deficit for the year amounte summarised as follows:- |
d to f52 |
,461 (2020 - f31,147 surplus). The fina |
ncial activity of the company can b |
|---|---|---|---|---|
| MOVEMENTIN RESOURCES: |
2021 | |||
| INCOME | ||||
| Contract fees, housing | benefit, grants and | allowances | 4,997,993 | |
| investment income |
16,201 | |||
| EXPENDITURE | ||||
| Charitable activities |
(5,143,339 ) | |||
| Gain on investments | 76,684 | |||
| 52,461 | ||||
| Variations in the Balance Sheet |
since last | year are as follows: | ||
| Additions to office and computer Depreciation charge for the year |
equipment | net ofdisposals | 41,743 ~21,707 ) |
|
| 20,036 | ||||
| Debtors | 42,526 | |||
| investments | 87,280 | |||
| Cash at bank and in hand Creditors |
100,885 ~303,188) |
|||
| 52,461 |
| Flynn House Cardiff Road Rhydyfelin Pontypridd CF37 5HP |
||
|---|---|---|
| Trustees | ||
| P Smith | Appointed | 22 March 2021 |
| Chair from | 20September 2021 | |
| SP Garland | Chair until | 20 September 2021 |
| Dr H G Edwards | Vice Chair | |
| 0GTJones | ||
| P Roberts | ||
| M Wedlake | Appointed | 22 March 2021 |
| H Whitfield | Appointed | 22 March 2021 |
| J R Davies |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | F | F | F | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Charitable activities |
|||||||
| Domiciliary care and | support | 4,927,019 | 4,927,019 | 5,009,969 | |||
| Investment income |
16,201 | 16,201 | 13,876 | ||||
| Other income | 70,974 | 70,974 | |||||
| Total | 5,014,194 | 5,014,194 | 5,023,845 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Domiciliary care and | support | 5,143,339 | 5,143,339 | 4,953,354 | |||
| Net gains/(losses) on |
investments | 76,684 | 76,664 | ~39,344) | |||
| NET INCOME/(EXPENDITURE) | (52,461) | (52,461) | 31,147 | ||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 1,606,125 | 1,606,125 | 1,574,978 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,553.664 | 1,553,664 | 1,606,125 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | E | E | |||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 275,062 | 275,062 | 255,026 | |
| Investments | |||||
| Investments | 13 | 602,177 | 602,177 | 514,897 | |
| Investment property |
14 | 57,960 | 57,960 | 57,960 | |
| 935,199 | 935,199 | 827,883 | |||
| CURRENT ASSETS | |||||
| Debtors | 15 | 331,366 | 331,366 | 288,840 | |
| Cash at bank and in hand | 817,603 | 817,603 | 716,718 | ||
| 1,148,969 | 1,148,969 | 1,005,558 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
16 | (530,504) | (530,504) | (227,316) | |
| NET CURRENT ASSETS | 618,465 | 618,465 | 778,242 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 1,553,664 | 1,553,664 | 1,606,125 | ||
| NET ASSETS | 1,553,664 | 1,553,664 | 1 606,125 | ||
| FUNDS | 18 | ||||
| Unrestricted funds |
1,553,664 | 1,606,125 | |||
| TOTAL FUNDS | 1,553,664 | 1,606,125 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | F | |||
| Cash flows from operating activities |
||||
| Cash generated from operations |
137,022 | 445,242 | ||
| Net cash provided by operating activities |
137,022 | 445,242 | ||
| Cash flows from investing activities |
||||
| Purchase oftangible fixed assets Purchase offixed asset investments Sale offixed asset investments |
(41,743) (99,529) 88,934 |
(23,512) (127,280) 118,742 |
||
| Interest received | 2,387 | 2,098 | ||
| Dividends received |
13,814 | 11,778 | ||
| Net cash used in investing activities |
~36,137) | $18,174) | ||
| Change in cash and cash equivalents |
in | |||
| the reporting period |
100,885 | 427,068 | ||
| Cash and cash equivalents at the |
||||
| beginning ofthe reporting period |
716,718 | 289,650 | ||
| Cash and cash equivalents at the end |
of | |||
| the reporting period |
817,603 | 716,718 |
| RECONCILIATION ACTIVITIES |
OF NET | (EXPENDITURE | )/INCOME TO NET CASH FL |
OW FROM OPERATIN | G |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| F | |||||
| Net (expenditure)/income | for the reporting | period (as per the | |||
| Statement ofFinancial Activities) | (52,461) | 31,147 | |||
| Adjustments for: |
|||||
| Depreciation charges |
21,707 | 40,651 | |||
| (Gain)/losses on investments |
(76,684) | 39,344 | |||
| Interest received | (2,387) | (2,098) | |||
| Dividends received |
(13,814) | (11,778) | |||
| (increase)/decrease | in debtors | (42,527) | 255,605 | ||
| Increase in creditors |
303,188 | 92,371 | |||
| Net cash provided | by operations | 137,822 | 445,242 |
| ANALYSIS OF CHANGES IN NET FUNDS |
|||
|---|---|---|---|
| At 1/4/20 | Cash flow | At 31/3/21 | |
| F | |||
| Net cash | |||
| Cash at bank and in hand | 716,718 | 100,885 | 817,603 |
| 716,718 | 100,885 | 817,603 | |
| Total | 716,718 | 1DD,885 | 817,8D3 |
| INCOME F | ROM CHARIT | AB | LE ACTIVITIES | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | ||||||
| Contract fees | 4,388,189 | 4,472,261 | ||||
| Housing Benefit |
353,916 | 344,301 | ||||
| Supporting | People | 184,914 | 193,407 | |||
| 4,927,019 | 5,009,969 | |||||
| CHARITABLE ACTIVITIES | COSTS | |||||
| Direct | Support | |||||
| Costs (see | costs (see | |||||
| note 6) f |
note 7) | Totals | ||||
| Domiciliary | care and support | 4 599,518 | 543,821 | 5,143,339 | ||
| DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | |||||
| Staff costs | 1,178,051 | 1,205,794 | ||||
| Temporary | staff costs | 187,109 | 20,352 | |||
| Staff and carer training | 4,096 | 2,948 | ||||
| Carer payments, insurance |
and membership | 3,209,822 | 3,029,061 | |||
| Health screening and DBSchecks |
14,349 | 15,666 | ||||
| Travel, car | hire and expenses | 6,091 | 73,737 | |||
| Events | 710 | |||||
| 4,599,518 | 4,348,268 | |||||
| SUPPORT | COSTS | |||||
| Staff | Other | Governance | ||||
| costs E |
costs | costs f |
Totals | |||
| Domiciliary | care and support | 198947 | 335,228 | 9,646 | 543.821 | |
| included within governance |
costs is89,600(2020 - E9,600) in | relation to auditors' | remuneration. | |||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is | stated after charging/(crediting): | ||||
| 2021 | 2020 | |||||
| Depreciation | - owned assets | 21,707 | 40,651 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Wages and salaries | 1,217,261 | 1,251,825 | |||
| Social security costs | 99,234 | 104,343 | |||
| Other pension costs | 60,503 | 73,106 | |||
| 1,376,998 | 1,429,274 | ||||
| The average monthly |
number ofemployees | during | the year was as follows: | ||
| 2021 | 2020 | ||||
| Administration | 11 | 11 | |||
| Support | 45 | 48 | |||
| 56 | 59 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Office | ||||
| furniture | ||||
| Freehold | Long | and | ||
| property | leasehold | equipment | Totals | |
| E | ||||
| COST | ||||
| At 1 April 2020 Additions Disposals |
258,480 | 29,405 ~1905) |
160,047 41,743 ~72472), 447,932 41,743 ~74377). |
|
| At 31 March 2021 | 258,480 | 27,500 | 129,318 | 415,298 |
| DEPRECIATION | ||||
| At 1 April 2020 | 43,244 | 28,327 | 121,335 | 192,906 |
| Charge for year Eliminated on disposal |
4,204 | 539 ~1,905) |
16,964 ~72,472) |
21,707 ~74377), |
| At 31 March 2021 | 47,448 | 26 961 | 65,827 | 140236 |
| NET BOOK VALUE At 31 March 2021 |
211,032 | 539 | 63491 | 275062. |
| At 31 March 2020 | 215236 | 1,078 | 38,712 | 255,026 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| F | |
| MARKET VALUE | |
| At 1 April 2020 | 514,897 |
| Additions | 99,529 |
| Disposals | (88,934) |
| Revaluations | 76,685 |
| At 31 March 2021 | 602,177 |
| NET BOOK VALUE | |
| At 31 March 2021 | 602,177 |
| At 31 March 2020 | 514,887 |
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE | |
| At 1 April 2020 | |
| and 31 March 2021 | 57,960 |
| NET BOOK VALUE | |
| At 31 March 2021 | 57,960 |
| At 31 March 2020 | ~57 960 |
| DEBTORS:AMOUNT | S FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Trade debtors | 209,512 | 167,205 | |
| Other debtors | 2,700 | 2,730 | |
| Prepayments and accrued income |
119,154 | 118,905 | |
| 331,366 | 288,840 | ||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | ||
| Trade creditors | 127,427 | 67,694 | |
| Social security and other taxes | 20,836 | 23,925 | |
| Other creditors | 48,310 | 22,765 | |
| Accruals and deferred | income | 333,931 | 112,932 |
| 530,504 | 227,316 |
| Included | within accruals and deferred | within accruals and deferred | income above is deferred contract fee income off99,078 | (2020:F78,624). |
|---|---|---|---|---|
| Movement | in the year is as follows: | |||
| 2020 | 2020 | |||
| Deferred | income at 1 April 2020 | 78,624 | 11,387 | |
| Resources deferred during the year Amounts released from previous years |
99,078 ~78,624) |
78,624 ~11,387) |
||
| Deferred | income at 31 March 2021 | 99,078 | 78,624 |
| Minimum lease payments under non-cancellable operatin |
g leases fall due as follows: | |
|---|---|---|
| 2021 | 2020 f |
|
| Within one year | 77,074 | 68,693 |
| Between one and five years | 46,290 | 81,649 |
| 123,364 | 150,342 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1/4/20 | in funds | 31/3/21 | ||
| Unrestricted | funds | |||
| General fund | 1,606,125 | (52,461) | 1,553,664 | |
| TOTAL FUNDS |
| Net mov | ement | in fu | nds, includ | ed | in the above | are as follows: | |||
|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| F | |||||||||
| Unrestricted | funds | ||||||||
| General | fund | 5,014,194 | (5,143,339) | 76,684 | (52,461) | ||||
| TOTAL | FUNDS | 5,014,194 | ~5, 143,339) | 76,684 | ~52,461) | ||||
| Comparatives | for | movement | in | funds | |||||
| Net | |||||||||
| movement | At | ||||||||
| At 1/4/19 | in funds | 31/3/20 | |||||||
| F | |||||||||
| Unrestricted | funds | ||||||||
| General | fund | 1,574,978 | 31,147 | 1,606,125 | |||||
| TOTAL | FUNDS | 1,574,978 | 31,147 | 1,606,125 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | ||||
| Unrestricted | funds | ||||
| General fund | 5,023,845 | (4,953,354) | (39,344) | 31,147 | |
| TOTAL FUNDS | 5,023,845 | ~4,953.354) | ~39,344) | 31,147 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| E | |||||||
| INCOME AND ENDOWMENTS | |||||||
| Investment income |
|||||||
| Dividends from |
investments | 13,814 | 11,778 | ||||
| Deposit account | interest | 2,387 | 2,098 | ||||
| 16,201 | 13,876 | ||||||
| Charitable activities |
|||||||
| Contract fees | 4,388,189 | 4,472,261 | |||||
| Housing Benefit |
353,916 | 344,301 | |||||
| Supporting People |
184,914 | 193,407 | |||||
| 4,927,019 | 5,009,969 | ||||||
| Other income | |||||||
| Government grants |
70,974 | ||||||
| Total incoming | resources | 5,014,194 | 5,023,845 | ||||
| EXPENDITURE | |||||||
| Charitable activities |
|||||||
| Wages | 1,040,200 | 1,057,195 | |||||
| Social security | 84,632 | 86,348 | |||||
| Pensions | 53,219 | 62,251 | |||||
| Temporary staff |
costs | 187,109 | 20,352 | ||||
| Staff and carer training | 4,096 | 2,948 | |||||
| Carer payments, | insurance | and | membership | 3,209,822 | 3,029,061 | ||
| Health screening | and DBSchecks | 14,349 | 15,666 | ||||
| Travel, car hire | and | expenses | 6,091 | 73,737 | |||
| Events | 710 | ||||||
| 4,599,518 | 4,348,268 | ||||||
| Support costs | |||||||
| Staffcosts | |||||||
| Wages | 177,061 | 194,630 | |||||
| Social security | 14,602 | 17,995 | |||||
| Pensions | 7,284 | 10,855 | |||||
| 198,947 | 223,480 | ||||||
| Other costs | |||||||
| Staff training | 2,669 | ||||||
| Insurance | 25,145 | 26,674 | |||||
| Printing, postage |
and stationery | 14,639 | 18,236 | ||||
| Advertising and |
promotions | 9,139 | 10,123 | ||||
| Health screening | and DBSchecks | 884 | |||||
| Rent | 98,663 | 102,857 | |||||
| Cleaning and waste collection |
6,008 | 10,335 | |||||
| Utility costs | 11,233 | 12,643 | |||||
| Staff welfare | 10,194 | 13,285 | |||||
| Subsciiptions | and | membership | publications | 2,541 | |||
| Carried forward | 175,021 | 200,247 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| F | |||||
| Other costs | |||||
| Brought forward | 175,021 | 200,247 | |||
| Telephone | 19,907 | 16,804 | |||
| Travel, car park and | car hire expenses | 734 | |||
| Conferences and room |
hire | 387 | 1,443 | ||
| Professional fees | 49,063 | 49,964 | |||
| Repairs and maintenance | 53,087 | 46,182 | |||
| Sundry expenses | 141 | 65 | |||
| Bank charges | 2,134 | 2,357 | |||
| Bad and doubtful debts | 49 | ||||
| Rental ofequipment | 10,512 | 10,273 | |||
| Portfolio management | fee | 3,220 | 3,239 | ||
| Fixtures and fittings | 21,707 | 40,651 | |||
| 335,228 | 371,959 | ||||
| Governance costs | |||||
| Accountancy fees |
9,646 | 9,647 | |||
| Total resources expended | 5,143,339 | 4,953,354 | |||
| Net (expenditure)/income | before gains and | ||||
| losses | (129,145) | 70,491 | |||
| Realised recognised gains and losses Gains/(losses) on fixed asset investments |
76,664 | ~39,344) | |||
| Net (expenditure)/income |