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2021-03-31-accounts

Page
Foreword
by
The Right Reverend Dr. Christopher Cocksworth Bishop ofCoventry
The Chairman's
Report
Directors'/Trustees' Report 3 —11
Independent
Auditors'		 Report 12-14
Statement ofFinancial Activities 15-16
Balance Sheet 17-18
Cash Flow Statement 19
Accounting
Policies		 20-23
Notes to the Financial Statements 24-30

For the year ended 31 March 202 March 202 1
Unrestricted Restricted Special Total Total
Notes Fund
f		 Fund Trust 2021
f		 2020
f
Income from: (see page 16)
Donations
and legacies		 1 9736 9,736 2,820
Investments 2 1,991 1,991 5,673
Charitable
activities		 3 3,697,363 3,697,363 3,922,610
Other Income —CJRS Grant 56,909 56,909
Total income 3,765,999 3,765,999 3,931,103
Expenditure
on:
Raising funds 4 5,314 5,314 6,151
Charitable
activities		 5 3,488,018 1,268 3,489,286 3,541,807
Total expenditure 3,493,332 1,268 3,494,600 3,547,958
Net income/(expenditure) before net gains 272,667 (1,268) 271,399 383,145
Net gains/(losses)
on investments		 11 697 697 (110)
Net income/(expenditure) 8 273,364 (1,268) — 272,096 383,035
Transfers
between		 funds 15 (15215) - 15215
Net movement
in funds		 258,149 (1,268) 15,215 272,096 383,035
Reconciliation
offunds
Total funds
brought		 forward 2,625,537 6,321 136,935 2,768,793 2,385,758
Total funds carried forward 2,883,686 5,053 152,150 3,040,889 2,768,793

F or the year ended 31 March 202 March 202 0
Unrestricted Restricted Special Total
Notes Fund
f		 Fund
f		 Trust
f		 2020
f
Income from:
Donations
and legacies		 1 2,820 2,820
Investments 2 5,673 5,673
Charitable
activities		 3 3,909,648 12,962 3,922,610
Total income 3,918,141 12,962 3,931~103
Expenditure
on:
Raising funds 4 6,151 6,151
Charitable
activities		 5 3,535,166 6,641 3,541,807
Total expenditure 3,541,317 6,641 3,547,958
Net income before net gainsl(losses) 376,824 6,321 383,145
Net gains/(losses)
on investments		 11 (110) (110)
Net income
/ (expenditure)		 8 376,714 6,321 383,035
Transfers
between funds		 15 (15,215) 15,215
Net movement
in funds		 361,499 6,321 15,215 383,035
Reconciliation
offunds
Total funds brought forward 2,264,038 121,720 2,385,758
Total funds carried forward 2,625,537 6,321 136,935 2,768,793
2021 2020
Notes
Fixed Assets
Tangible assets 10 964,935 916,599
Investments 11 4,069 3,372
969,004 919,971
Current assets
Debtors 482,421 502,053
Cash at bank and in hand 1,916,184 1,605,718
2,398,605 2,107,771
Creditors: amounts falling due
within one year 13 (252,863) (177,471)
Net current assets 2,145,742 1,930,300
Total assets less current liabilities 3,114,746 2,850,271
Creditors:
amounts		 falling due after
more than one year 14 (73,857) (81,478)
Net assets 3,040,889 2,768,793
Funds ofthe charity:
Unrestricted
funds
General
fund		 15 955,802 900,491
Designated
funds		 15 1,926,073 1,723,932
Revaluation
reserve		 15 1,811 1,114
Total Unrestricted Funds 2,883,686 2,625,537
Restricted funds 15 5,053 6,321
Special trust 15 152,150 136,935
3,040,889 2,768,793

CASH FLOW STATEMENT
As at 31 March 2021
2021 2020
f
Cash flow from operating activities 19 422,167 399,595
Interest paid (2,868) (3,649)
Net cash flow from operating activities 419,299 395,946
Cash flow from investing activities
Payments
to acquire tangible fixed assets		 (103,041) (26,944)
interest received 1,829 5,495
Net cash flow from investing activities (101,212) (21,449)
Cash flow from financing activities
Repayment
of long-term
loans		 (10,489) (10,735)
Interest paid 2,868 3,649
Net cash flow from financing activities (7,621) (7,086)
Net increase
in cash and		 cash equivalents 310,466 367,411
Cash and cash equivalents at 1 April 2020 1,605,718 1,238,307
Cash and cash equivalents at 31 March 2021 1,916,184 1,605,718
Cash and cash equivalents consist of:
Cash at bank and
in hand		 1,916,184 1,605,718
Cash and cash equivalents at 31 March 2021 1,916,184 1„605,718

For the ye ar ende d 31 March 2021
2021 2020
F
1 Donations
and legacies
Donations 9,736 2,820
9,?36 2,820
2 Investment
income
Listed investments 162 178
Other interest receivable 1,829 5,495
1,991 5,673
3 income from charitable activities
Residential
assessment
Other services		 charges 3,505,454
191,909		 3,512,080
410,530
3,697,363 3,922,610
4 Expenditure
on raising		 funds
Fundraising
costs		 5,314 6,151
5 Charitable
activities		 - family care, assessment and support
Costs directly allocated to activities
Staff costs (including
Staff training		 ancillary costs) 2,413,524
36,990		 2,449,430
55,195
Premises costs 231,520 244,201
Security 4,965 5,852
Household
expenses		 55,358 77,435
Loan interest 2,868 3,649
Depreciation 38,629 35,878
2,783,854 2,871,640
Support costs
Staff costs (including ancillary costs) 470,820 438,825
Office costs 55,034 66,216
Other expenses 151,798 137,033
Depreciation 16,076 18,439
Audit and accountancy 6,900 6,600
Other governance
costs —Director/Trustee		 training etc 4,804 3,054
705,432 670,16?
3,489,286 3,541,807

2021 2020
f
6 Staff costs
Wages and salaries 2,413,742 2,402,413
Social security costs 217,379 211,366
Pension costs 90,234 87,186
Other employee
benefits		 162,988 187,290
2,884,343 2,888,255
The number of higher paid employees was: Number Number
Taxable emoluments band F60,001 - F70,000
Taxable emoluments band 270,001 - 680,000
The average
number		 ofemployees analysed by function was:-
Provision offamily care and assessment 99 98
Support 13 13
112
Full time equivalent 84 83
Key Management
Personnel		 (Senior management) remuneration
There are three
members		 of the senior management team and their aggregated
remuneration		 in
respect ofqualifying
services		 was:
2021 2020
Remuneration
and benefits		 including employers NlC 171,337 173,012
Pension 5,112 4,933
176,449 177,945
7 Directors'/Trustees' remuneration
No Directors/Trustees
received
was paid to 1 Directors/Trustees		 any
as		 remuneration
for the current
expenses (2020:f159 paid		 or preceding
year, however
to 2 Directors/Trustees).		 236
2021 2020
E
8 Net incoming
/(outgoing)		 resources
This is stated after charging:
Auditors
remuneration		 -audit 6,900 6,600
Auditors
remuneration		 -other services 19,406 22,213
Depreciation 54,705 54,317

Fixed assets Computers,
Freehold Leasehold fixtures
and
premises premises fittings Total
E E
Cost
1 April 2020 537,223 505,896 409,183 1,452,302
Additions 103,041 103,041
Disposals
31 March 2021 537,223 505,896 512,224 1,555,343
Depreciation
1 April 2020 159,523 79,609 296,571 535,703
Charge for year 9,003 9,647 36,055 54,705
Eliminated
on disposal
31 March 2021 168,526 89,256 332,626 590,408
Net book value
31 March 2021 368,697 416,640 179,598 964,935
31 March 2020 377,700 426,287 112,612 916,599
11 Fixed asset investments Fixed asset investments
1 April 2020
Net gains I(losses)		 on revaluation at 31 March 2021 3,372
697
Market value at 31 March 2021 4,069
Historical cost at 31 March 2021 2,258
investments
consist		 of:
Charities
Official Investment		 Fund 4,069
2021 2020
E
12 Debtors
Debtors
—accommodation		 charges 398,240 467,267
Prepayments
and accrued		 income 84,181 34,786
482,421 502,053
2021 2020
13 Creditors:
amounts		 falling due within one year
Bank loan (see note 14) 7,500 7,500
Trade creditors 102,262 35,585
Accruals 80,220 73,655
Tax and social security 52,870 52,657
Other creditors 10,011 8,074
252,863 177,471
2021 2020
14 Creditors:
Amounts		 falling due after more than one year
Bank loan 73,857 81,478
instalments.
Interest
is being charged at 3.26% over L
Amounts
falling due on the bank loan are as follows:		 loyds Bank pic Base Rate.
2021 2020
In one year or less (note 13) 7,500 7,500
Between one and two years 7,500 7,500
Between two and five years 22,500 22,500
Over five years 43,857 51,478
81,357 88,978

16 Analysis of net assets between funds
Unrestricted Restricted Special Trust Total
E E E F
Fund balances at 31 March 2021 are
represented
by:
Tangible fixed assets 964,935 964,935
investments
Cash at bank and
in hand		 4,069
1,758,981		 5,053 152,150 4,069
1,916,184
Other net assets 155,701 155,701
2,883,686 5,053 152,150 3,040,889
17 Operating
lease commitments
Total future
minimum		 lease payments under non-cancellable operating leases are as follows:
Land and Buildings 2021 2020
E
Within one year 7,500 17,025
One to five years 30,000 30,796
More than five years 2,386,982 2,394,482
18 Capital commitments
2021 2020
E E
Contracted
but not provided		 for in the financial statements 185,506
19 Cash flow from operating activities
2021 2020
E E
Net movement
in funds		 272,096 383,035
Depreciation 54,705 54,317
Interest payable 2,868 3,649
Interest receivable
(Losses)/gains
in investments		 (1,829)
(697)		 (5,495)
110
Decrease/(increase)
in
Increase/(decrease)
in		 debtors
creditors		 19,632
75,392		 (18,149)
(17,872)
422,167 399,595

The carrying
amounts
ofth		 e c harity's
fin		 an cial instrume nts are as follows:
2021 2020
F F
Financial assets
Measured
at fair value through		 net income / expenditure:
Fixed asset listed investments (note 11) 4,069 3,372
Debt instruments
measured		 at amortised cost:
Debtors —accommodation charges (note 12) 398,240 467,267
Other debtors (note 12)
Financial
liabilities
Measured
at amortised
cost
Bank loans (notes 14)
Trade creditors (notes 13)
Other creditors (notes 13)		 (81,357)
(102,262)
(10,011)		 (88,978)
(35,585)
(8,074)
The income, expenses, net gains and net losses attributable to the charity's financial
instruments		 are
summarised
as follows:
Net gains and losses (including changes in fair value)
Financial assets measured at fair value through net income / expenditure 697 (110)
Financial
liabilities
measured		 at amortised cost through net income / expenditure (2,868) (3,649)