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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04010653 (England and Wales) REGISTERED CHARITY NUMBER: 1081784

| The Northam Care Trust (A Company Limited by Guarantee)

_ Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2021

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} Statutory AuditorsR T Markeand Chartered & Co Ltd Accountants. 69 High Street Bideford Devon EX39 2AT |

The Northam Care Trust

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Contents of the Financial Statements for the Year Ended 31 March 2021

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||||||||| |---|---|---|---|---|---|---|---| |Page| |Reference|and|Administrative|Details|I| |Report|of the Trustees|2|to|10| |Report|of the|Independent|Auditors|Il|to|14| |Statement|of Financial|Activities|15| |Balance|Sheet|.|16|to|17| |Cash Flow|Statement|18| |Notes|to|the|Financial|Statements|19|to|33| |,| |Detailed|Statement|of Financial|Activities|34|to|35|

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The Northam Care Trust

Reference and Administrative Details for the Year Ended 31 March 2021

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||||||| |---|---|---|---|---|---| |TRUSTEES|Mr C D|Fulford|Chair| |Mr T|J|Corkery|Vice|chair| |Ms|§|J|Brown| |Mr M|J|Hare| |Mr T|C|Malone| |Mr PR|Mole| |.|Mr R|5|Stoneman| |.|Ms|C|A|Tudor| |Ms J H|Whittaker|(from|13|July 2020)| |Ms L Crowhurst|(until|12 October 2020)|,| |Mr|RH|Ker|(until|13|August 2020)| |Dr R M Loka-Saleh|(until 21|July 2020)| |COMPANY SECRETARY|Ms K V|Kerley| |REGISTERED OFFICE|Rose|Hill|Community Project| |Heywood|Road| |Bideford| |Devon| |EX39|3PG|,| |REGISTERED COMPANY|04010653|(England|and|Wales)| |NUMBER| |REGISTERED|CHARITY|1081784| |NUMBER.|;| |INDEPENDENT AUDITORS|RT Marke & Co|Ltd| |Statutory|Auditors|and|Chartered|Accountants| |69|High|Street| |Bideford| |Devon|.| |EX39 2AT| |CHIEF EXECUTIVE OFFICER|DrL M|Lofts|

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Report of the Trustees for the Year Ended 31 March 2021

The Northam Care Trust

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The Trustees, who are also Directors for the purposes of company law, are pleased to present their Annual Directors! Report together with the financial statements of the Charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors‘ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 201 1, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2019}.

OBJECTIVES AND ACTIVITIES

Objectives and alms

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The Northam Care Trust's primary mission is to support people with learning and physical disabilities in having choice and control to achieve the best possible quality of life, evidenced by real quality outcomes and supported by our passion for excellence. This mission is met through the provision of care and support in a person centred way by dedicated staff teams within our residential Lodges, in our day and community services based at Rose Hill and in local communities where the people we support access local services and from April 2020 in our supported living services where the Trust offers the care and support and housing providers offer the tenancies and manage the properties, We also offer domiciliary care at home services to older people and people with dementia. Our residential lodges are domestic in nature to ensure that they are the clients' homes, rather than an institutional environment. Excellent communication, respect, dignity, engagement, support for carers and families and a set of values and behaviours linked to organisational excellence all underpin our work and add value with personalisation at the core. Our vision is a society where everyone has equal access to the same rights and opportunities. A society where people with learning disabilities and additional needs are able to exercise full citizenship with all its tights and responsibilities, where every person is empowered and supported as necessary including people with profound and multiple disabilities and complex health needs to safely live their lives to their full potential within their communities.

More information on the activities of the charity can be viewed on our website www.northamcaretrust.co.uk

Significant activities Details of all of the charity's activities during the year can be found below under "Achievements and performance”.

Public benefit The Charity in the form of The Northam Care Trust operates residential, day, community, supported living and enabling services and opportunities for adults with learning and physical disabilities and domiciliary care services for older people and people with dementia. Residential care and support for 25 clients with profound and multiple learning and physical disabilities and complex health needs are provided in 3 separate homes namely Northam Lodge, Christopher Lodge and Gibson Lodge. They are known collectively by the Care Quality Commission as Northam Lodge. A further Property on a nearby but separate site, Rose Hill, houses our central support team and administrative centre but mainly our primary day and community opportunities under the auspices of Rose Hill Community Projects and Outreach Services for people with learning and’ physical disabilities, autism and additional needs, offering independence, development, activities and learning opportunities to more than 40 people.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

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The Northam Care Trust Report of the Trustees for the Year Ended 31 March 2021

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STRATEGIC REPORT

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Achievement and performance

During the year under review we are proud to report that we have managed to achieve high standards of care and support for all of our clients. This was evidenced and underpinned in our most recent CQC Comprehensive Unannounced Inspection in February 2018 for our residential Lodges where we achieved solid Goods in the five key areas and an excellent overall report. Our CQC Registered Manager, Jo Burke, continues to provide leadership to our residential services, well supported by Service Managers, support teams, housekeeping and catering teams and our maintenance team. We have retained many of our experienced and highly trained members ofstaff and continued to recruit permanent employees to reduce our use of agency and relief staff. We have continued to provide excellent training opportunities and increasing numbers of our staff are achieving NVQs, the Care Certificate, professional qualifications in a range of disciplines and other awards. The Charity has moved to eLearning and electronic monitoring and care planning as planned within our modernisation programme and evidenced in our new and improved marketing materials. The families of the clients living in the Lodges think very highly of the support offered through our dedicated and skilled staff teams,

We continue to expand our day opportunities and community services under the auspices of Rose Hill Community Projects and Outreach Services and are seeing an ever increasing demand from local people for seven day per week services. We recetve a great deal of praise for the support we deliver and our thanks go to our staff for their enthusiasm, energy and passion for their work. Our transition work with Pathfields and Lampard Schools is a strong feature of our work in helping young people to transition into adult services through quality day opportunities. We continue to work in ". partnership with the nine primary schools in the Atlantic Coast Cooperative Trust and with the Atlantic Racquet Centre in Bideford. .

We commenced our Supported Living developments in early 2020 and appointed Thomas Naughton as Supported Living CQC Registered Manager in January 2020. The CQC registered our Supported Living and Domiciliary Care personal care services in April 2020 just as COVID impacted on society and the Trust managed to continue building this work throughout COVID, attracting new business and increasing our income. We have developed excellent links with housing investment organisations and housing associations and this added increased value to our work. We have invested in our domiciliary care support to older people living at home including those with dementia and we view this asmassively important for the Trust's future.

During the period of this report, the Trust continued to develop excellent relationships with local authority commissioners in Devon and latterly in Cornwall and we are seen as a significant provider of a range of services across a service continuum. We work collaboratively with Devon CC, Cornwall CC and the NHS. We also have excellent relationships with the Care Quality Commission (CQC) and value the work of our CQC Inspector. The good outcome of our first inspection of our Supported Living and Domiciliary Care personal care services will feature in the reporting period 2021-2022. We have continued to develop personalised services for clients including reviews of care plans, improving and investing ‘in our buildings and external environments, Our rooms and garden areas reflect individual personalities and choices. Our purchase of Eye Gaze Technology in 2018 has continued to assist the ability of our clients without speech to communicate their choices. Our Communications and Sensory Coordinator has also worked on adding additional communication aids using a range of technologies.

We continue to make significant investments in upgrading the quality and health and safety of our buildings and equipment through our much valued and dedicated maintenance team support (this leads to responsive problem solving and savings) and in developing our external areas with personalisation and the enjoyment and health and wellbeing of our clients our main priority. We have reviewed policies and procedures and continue to work to set aside the budgets needed to ensure we maintain high standards in future years. We appointed a dedicated Health and Safety Officer during the period of this report and that added value to our work.

We also agreed to invest in a Quality and Improvements Manager as part of our Senior Operational Management Team and this will feature more prominently in our reporting period 2021-2022.

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The Northam Care Trust

Report of the Trustees , for the Year Ended 31 March 2021 eee We have continued to invest in staff pay and conditions and we achieved our aim of completing this work by April 2020. COVID has added to the difficulties of staff recruitment over a longer period than we all expected but the Trust has coped well with this and been involved in joint initiatives in attracting new staff, We have had particular success with the Government's Kickstart Scheme to get younger people into work during COVID and we were awarded 40 placements in October 2020 at the very start of the Scheme. Our support for families and carers has continued over the year by Teams and Zoom video meetings and correspondence due to COVID and we continue to look at ways of further developing this work. We know from feedback from families that this type of consultation and signposting is now more important than ever. To this end all parents, families and carers are communicated with regularly by the CEO and our approach to inclusiveness and transparency underpins this work and collaboration. Following our first annual conference for carers and families in Westward Ho! in 2019, we developed a Carers Voice Toolkit and put this into place in June 2020. It is an agreement on co-production between staff, clients, carers and families.

Our marketing development has increased with new brochures for services and a recognition of The Northam Care Trust brand across the social care sector. We have extended our social media work and fully recognise the importance of this in marketing the importance of what we do. The Trust also appeared on BBC TV Spotlight, ITV and radio during the period of this report contributing to recruitment initiatives and raising awareness of the difficulties faced by providers, families and other carers during COVID when face to face contact was reduced. This was very hard for the families of the people we support in our residential lodges who rely so much on face to face communication. Our staff did everything possible to maintain contact with families through a variety of different mediums. We also continue to improve our website.

The Trust has managed COVID well and high praise needs to go to all our staff in making the sacrifices required in keeping our clients and of course each other safe,

Fundraising activities

Our local event fundraising efforts and the role of our professional fundraiser were affected by COVID during this financial year but we were the recipient of Government COVID linked grant income offered to providers across the social care sector and distributed and monitored by Devon CC in our case. .

All fundraising activities undertaken by or on behalf of the charity are managed by the Trustees or the staff of the charity. No commercial participators have been used during the year and the fundraising was not bound by any voluntary scheme for regulating fundraising or any voluntary standard of fundraising.

The charity has monitored fundraising activities and has not received any complaints about any activities for the purpose of fundraising.

Section 172(1) statement ,

A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to(a) the likely consequences ofany decision in the long term, . (b) the interests of the company's employees, . (c) (d) the the need impact to offoster the company’s the company’s operationsbusinesson relationships the communitywithandsuppliers, the environment,customers and others, . (e) the desirability ofthe company maintaining a reputation for high standards of business conduct, and (f) the need to act fairly as between members of the company.

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‘ # . 7 The Northam Care Trust Report of the Trustees for the Year Ended 31 March 2021 TT

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STRATEGIC REPORT

Financial review

Financial position The statement of financial activities for the year showsa net deficit of £10,481 (2020 - surplus of£44,069) for the year. This comprises a net surplus of £14,319 (2020 - £37,913) from unrestricted funds (general charitable activities), a net deficit of £34,317 (2020 - £1,239) from designated funds and a net surplus of £9,517 (2020 - £7,395) in relation to restricted funds, Total funds held as at 31 March 2021 were £1,600,654 (2020 - £1,611,135). This includes restricted funds of£48,668 (2020 - £36,393). Designated funds were used to contribute to the growth of the charity in the year.

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Our Lodges residential fees are calculated on a full cost recovery basis and are continuously under review with Devon County Council and other local authorities with a view to ensuring they cover the true cost of care. Devon County Council were proactive in 2019/20 in reviewing the fees of clients in our residential Lodges where they have major financial accountability and we were grateful for fee increases to better meet individual need and this assisted further negotiations in this reporting period 2020/21. The Trustees agree that the charity remains as a going concern and has adequate resources to continue to fund the activities of the charity. The charity continues to run as efficiently as possible to offer high quality care to clients even in the environment of Goverment and local authority budget cuts as well as looking for further opportunities in the future to develop services within an expanding continuum to bring in extra income and spread overheads further to create more efficiencies but still spending our income at the points of real need . on our clients.

Substantial donations and fundraising efforts make a big difference to our finances. Continued support from local fundraising groups reduced significantly during COVID but we were able to achieve some important grants linked to our work during COVID on adding value to services and developing some extended projects. The Charity is fortunate to have low property costs, however if the properties were not owned or leased on favourable terms and the Charity were required to pay a market rent, there would be a substantial reduction in any surplus generated. We recognise that our Supported Living work with housing providers provides a model for social care where the Trust provides the care and support without property responsibilities.

New guidelines on staff leave linked to COVID impacied on the Trust in respect of staff being able to carry this forward as they were needed to cover increased demand for Supporting clients, In turn, this impacted on the increase in holiday pay accrued in the year reported.

The Charity holds personal accounts for residents within the Charity's accounting system. These accounts receive benefits on behalf of the clients and enable them to obtain money as they would from a normal bank account in order to purchase personal items and to pay for holidays and excursions. Residents’ personal money is held in a separate bank account with Barclays Bank ple and is completely independent of the Charity's own assets.

We are grateful for the excellent work of our Finance Director, Katy Kerley in overseeing our financial budgeting and monitoring and planning our financial future in collaboration with our CEO as our Executive Team.

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The Northam Care Trust

Report of the Trustees for the Year Ended 31 March 2021

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STRATEGIC REPORT Financial review Reserves policy The Northam Care Trust holds 2 types ofreserve funds:

The Charity's current reserves policy will be reviewed again during the 2021/2022 financial year.

Financial and risk management objectives and policies A formal risk management process exists to assess business risks and involves identifying the types; of risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence and identifying how best to mitigate the risks. where possible. The Trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks, The Charity also has a Disaster Recovery and Business Continuity Plan and operates a robust Health & Safety strategy. All clients have individual risk assessments within their care plans and there are generic assessments for all other aspects of health and safety. All risk assessments are reviewed on a regular basis and there are established procedures for reporting any findings immediately to appropriate levels of management and to the Board of Trustees.

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The Northam Care Trust Report of the Trustees for the Year Ended 31 March 2021

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STRATEGIC REPORT

Future plans We have identified our priorities for the next few years and have considered timescales and sound strategies for our plans. Our priorities for the Charity are as follows:

The Northam Care Trust has managed this COVID impacted year really well and has kept all our clients and staff safe. The Trust will continue to work to invest in its current services and develop new ones within our agreed strategic and business planning and so build on our sound financial and service platfonn in N Devon with the objective of also working in other parts of Devon within an approximate 25 mile radius of our current services and in N Cornwall following submitting a successful contract tender to Cornwall CC to facilitate this. The Trustees recognise that this requires a massive continuing commitment to ongoing development and to still considering collaborative working but without losing the Charity's identity and excellent reputation as a local provider. Also, we still have a significant opportunity to develop on land we own adjacent to Rose Hill. We are curtently talking to relevant bodies about a decision on what we do with the land to enable us to maximise both capital and revenue income in the interests of clients, the organisation and local communities. We will also need to address the need for new, modern offices for our Central Support Team. We are looking forward to an exciting future with the stability and longevity achieved so far and required for a high quality, competitive and flexible social care Organisation in a sector that still requires investment from the Government alongside the NHS.

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The Northam Care Trust

Report of the Trustees for the Year Ended 31 March 2021

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Northam Care Trust is a charity in the form of a company limited by guarantee and is governed by its Memorandum and Articles of Association. Founded in 1978 as the Torridge Association for the Disabled Children and subsequently renamed, it was incorporated in June 2000 as Northam Lodge and renamed as The Northam Care Trust on 4 May 2018.

Recruitment and appointment of new trustees : New Trustees are appointed in line with the Charity's Trustee Recruitment and Induction Policy and are provided with the information they need to fulfil their roles.

; Organisational structure The Charity is governed by a Board of Trustees. All Trustees have been selected for their knowledge of the care and health sectors and/or for their professional skills and experience in business, law, finance, fundraising, health, administration and property that they can contribute to the Charity's development. Guinness Care and Support is entitled to appoint two Trustees to the Board, although they have not chosen to do so. Our Trustees all work to a Code of Conduct which underpins their commitment.

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The Chief Executive, Dr Len Lofts, is responsible for the day to day operations of the Charity and manages the organisation and staff on behalf of the Trustees. He is supported by Katy Kerley, Finance Director and by other members of the Senior Operational Management Team including Ingrid Vlam, Interim Senior Operations Manager with overall responsibility for new service development in Devon and Comwall, Jo Burke, CQC Registered Manager, Residential Services, Tracey Found, CQC Registered Manager for Supported Living, Enabling and Domiciliary Care, Lenka Burikova, Registered Manager, Supported Living and Yasmin Howard-Dove, Quality and Improvements Manager. For the period of this report, the Senior Operational Management Team consisted of Dr Len Lofts, Katy Kerley, Ingrid Vlam, Jo Burke, Tracey Found, Thomas Naughton (who left the Trust in July 2021 and was replaced by Lenka Burikova) and Sue Morley, Flexible Support Manager (who left the Trust in December 2020).

The Trust has reinforced the roles of our HR Manager, Fiona White and Mark Penfold, our Business Support and Information Manager and will be investing in our approach to the Management of Training and Development for our growing number of staff which for the period of this report increased to 230 in total including full and part time. We have an excellent senior staff group operating in middle management in all our services and in the Central Support Team and we operate on the basis of using our income at the points of real need in delivering direct care and support without our management structures becoming top heavy. Decision making Theare Trustees are responsible for decision making which takes place at regular Trustee. meetings. Operational decisions delegated to Executive and Senior staff members. Induction and training of new trustees New trustees undertake a detailed briefing on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the memorandum and Articles of Association, the decision making processes via monthly trustee meetings, the business plan and minutes of previous trustee meetings plus all tabled documents, budgets, accounts and reports.

Key management remuneration The pay of key management personnel is set by the Trustees.

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The Northam Care Trust

Report of the Trustees for the Year Ended 31 March 2021

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Significant financial risks andMonthlyother review members of anyof staff. significant financial risks viaregular meetings with the Chief Executive Officer, Finance Director

Potential financial and non-financial risks potentialRegular close contact with the Chief Executive Officer, Finance Director and other: key management staff to assess financial and non-financial risks in all parts of the operation.

Reserves policy The reserves policy helps to mitigate risk by setting aside funds to deal with unforeseen eventualities. Non-financial risks Non-financial risks are assessed via close adherence to statutory regulations re Fire Risk Assessment, Health and Safety legislation, working at heights directives, food hygiene, electrical safety, heating maintenance. Annual insurance covers all risks to the trust's property, staff, volunteers, freelance staff, plus public liability for clients,

STATEMENT OF TRUSTEES' RESPONSIBILITIES The trustees (who are also the directors of The Northam Care Trust for the purposes ofcompany law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view . of the state of affairs of the charitable company and of the incoming resources and application of resources, including thetrusteesincomeare requiredand expenditure,to of the charitable company for that period. In preparing those financial statements, the

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity ofthe corporate and financial information included on the charitable company's website, Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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The Northam Care Trust

Report of the Trustees for the Year Ended 31 March 2021

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Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on worlJO DOV and signed on the board's behalf by:

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Report of the Independent Auditors to the Trustees of The Northam Care Trust

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Opinion

We have audited the financial statements of The Northam Care Trust (the ‘charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion WeOur conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable; law. responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company im accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concer basis of accounting in the preparation of the financial statements is appropriate.

. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concer for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report,

Other information

The trustees are responsible for the other information. The other information comprises the information included in the - Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion; :

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Report of the Independent Auditors to the Trustees of The Northam Care Trust

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Responsibilities of trustees

As explained more fully in the Statement of Trustees! Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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. ‘ ‘ ' Report of the Independent Auditors to the Trustees of The Northam Care Trust

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Our responsibilities for the audit of the financial statements : We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder,

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report ofthe Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise ftom fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. - Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the interna! controls established to Mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. In common with all audits under UK ISAs we are also required to perform specific procedures to respond to the threat of management override. This work included testing the appropriateness ofjournal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative ofa potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal course of operations.

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates, and considered the risk of acts by the charitable company that were contrary to these laws and regulations, including fraud,

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Health and Safety Act, UK Companies Act, Charity's legislation and Care Quality Commission regulations.

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting correspondence.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation, reading the minutes of those charged with governance and enquiring of management as to actual and potential litigation and claims.

We did not identify any key audit matters relating to irregularities, including fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with becomelaws and awareregulationsof it. is from the events and transactions reflected in the financial statements, the less likely we are to

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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Report of the Independent Auditors to the Trustees of The Northam Care Trust

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Use of our report This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of R T Marke & Co Ltd Statutory Auditors and Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 69 High Street . Bideford Devon EX39 2AT Date: Xo. Detter 202-9 ~

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The Northam Care Trust

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2021

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2021 2020
Unrestricted
fund		 Designated Restricted
funds		 Total
funds		 Total
funds
as restated
Notes £ £ £ £ £
INCOME AND
ENDOWMENTSFROM ;
Donationsand legacies 3 10,414 - 27,746 38,160 62,690
Charitable activities 5
Residential 2,478,718 a ~ 2,478,718 2,168,603
Community projects
Domiciliary care		 413,566
70,313		 -
-		 -
-		 413,566
70,313		 476,821
-
Supported living 223,876 - - 223,876 -
Investment income 4 960 - - 960 2,604
Otherincome 6 121,855 - - 121,855. 4,695
Total 3,319,702 - 27,746 3,347,448 2,715,413
EXPENDITURE ON
Raising funds 7 4,959 - - 4,959 7,294 -
Charitable activities 8 ;
Residential
Community projects		 2,568,755
419,523		 34,317
-		 18,229
-		 2,621,301
419,523		 2,278,633
385,417
Domiciliary care 35,733 - - 35,733 -
Supported living 276,413 - - 276,413 -
Total 3,305,383 34,317 18,229 3,357,929 2,671,344
NET ;
INCOMEEXPENDITURE) 14,319 (34,317) 9,517 (10,481) 44,069
Transfersbetween funds 21 (302,661) 299,903 2,758 - -
Netmovement in funds (288,342) 265,586 12,275 (10,481) 44,069
RECONCILIATION OF
FUNDS
Totalfunds broughtforward 344,026 1,230,716 36,393 1,611,135 1,567,066
TOTAL FUNDS CARRIED :
FORWARD 55,684 1,496,302 48,668 1,600,654 1,611,135

CONTINUING OPERATIONS

Ail income and expenditure has arisen from continuing activities.

. The notes form part of these financia) statements

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The Northam Care Trust (Registered number: 04010653)

Balance Sheet.

31 March 2021

OT

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|||||| |---|---|---|---|---| |2021|2020| |Notes|as restated| |FIXED|ASSETS|z|£| |Tangible assets|17|926,324|944,727| |CURRENT|ASSETS| |Debtors|18|313,195|217,317| |Cash|at bank and|in hand|453,708|530,841| |;|766,903|748,158| |CREDITORS| |Amounts|falling due within one year|19|(92,573)|(81,750)| |NET CURRENT ASSETS|674,330|666,408| |TOTAL ASSETS LESS CURRENT| |LIABILITIES|1,600,654|1,611,135| |NET ASSETS|||1,600,654|1,611,135| |FUNDS|21| |Unrestricted|funds:| |GeneralFixed|assetsfund|55,684|344,026| |Capital|.|578,980|484,340| |Closure work and major repairs|322,999|276,280| |Voids|contingency|340,903|340,989| |reserve|208,000|105,000| |Unrestricted/service development|40,000|24,107| |Business continuity|5,420|-| |_|—| |1,551,986|1,574,742| |Restricted|funds|48,668|36,393| |TOTAL FUNDS|1,600,654|1,611,135|

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Theendedcharitable3] March company2021, is entitled to exemption from audit under Section 477 of the Companies Act, 2006 for the year

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The notes form part of these financial statements

.

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The Northam Care Trust (Registered number: 04010653)

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Balance Sheet - continued 31 March 2021

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These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on CAE Om D922... and were signed on its behalf by:

Mr CDAl

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Mr R ) Stoneman - Trustee

The notes form part of these financial statements

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The Northam Care Trust

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Cash Flow Statement

for the Year Ended 31 March 2021

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,
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|||||| |---|---|---|---|---| |2021|2020| |Notes|as restated| |£|£| |Cash|flows|from|operating|activities| |Cash generated from operations|23|(57,160)|24,811| |Net cash (used in)/provided by operating|activities|(57,160)|24,811| |Cash|flows|from|investing|activities| |Purchase of|tangible fixed-assets|(20,933)|(91,802)| |Interest received|960|2,604| |Net cash|used|in|investing|activities| |.|(19,973)|(89,198)| |Change in cash and cash equivalents|in| |theCash reportingand|cash periodequivalents|at the|(77,133)|(64,387)| |beginning of the reporting period|530,841|595,228| |Cash|and|cash|equivalents at the end|of| |‘the reporting period|453,708|530,841|

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The notes form part of these financial statements

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The Northam Care Trust Notes to the Financial Statements for the Year Ended 31 March 2021

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1. STATUTORY INFORMATION

The Northam Care Trust is a private company registered with the Charity Commission, limited by guarantee, registered in England and Wales. The. charitable company’s registered company number, registered . charity number | and registered office address can be found on page 1.

The presentation currency of the financial statements is the Pound Sterling (£).

2, ACCOUNTING POLICIES

;

Basis of preparing the financial statements

_ The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial - Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention,

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

The consequences of the COVID-19 pandemic and the measures taken to control its spread have materially and adversely affected the charity's operations. The impact of the pandemic, as well as the effectiveness of government and central bank responses, remain unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the charity for future periods. The trustees are optimistic that necessary measures can be taken to ensure the viability of the charity and so they have continued to adopt the going concern basis of accounting as set out below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants in respect of capital expenditure are treated as deferred income and are credited to the income and expenditure account over the estimated useful life of the assets to which they relate,

Grants of a revenue nature are credited to the income and expenditure account in the same period as the related expenditure.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the costof any legal advice to trustees on governance or constitutional matters.

Allocation and apportionment of costs .

Support costs include central functions and have been allocated to activity cost categories on a basis consistent . with the use of resources, for example, allocating staff costs by the time spent and other costs by their usage,

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The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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a 2. ACCOUNTING POLICIES- continued Allocation and apportionment of costs : In particular costs are split 85% residential activities and 15% community projects in relation to employee costs, andand governance80% residentialcosts.activities, 15% community projects and 5% supported living activities for all other support Tangible fixed assets ; Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 2% straight line ; Long leasehold - 2% straight line Fixtures and fittings - 20% straight line Motor vehicles ~ 20% straight line Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

:

The trustees have chosen to only capitalise fixed assets where their cost exceeds £5,000. . Taxation The charity is exempt from corporation tax on its charitable activities,

;

Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise whén specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme, Contributions payable to the charitable company's pension scheme are charged to the Statement ofFinancial Activities in the period to which they relate.

Financial instruments ) Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income and expenditure account in transactionadministrativecosts.expenses. Loans and borrowings are initially recognised at the transaction price including

.

Going concern

Having regard to the charity's anticipated future revenues and costs including repayment: of debt where appropriate, together with the expected availability of working capital, the trustees consider that it is appropriate to prepare the fmancial statements on the going concern basis.

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The Northam Care Trust

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||||||| |---|---|---|---|---|---| |3.|DONATIONS AND LEGACIES| |:|2021|2020| |a3|restated| |Donations|£|£| |and gifts|38,160|62,690| |4,|INVESTMENT|INCOME| |2021|2020| |.|as|restated| |Deposit|£|£| |account interest|960|2,604| |5.|INCOME|FROM|CHARITABLE|ACTIVITIES| |2021|2020| |Activity|as restated| |Residential|£|£| |Communityfees|Residential|2,478,718|2,168,603| |Domiciliary|projects|Community projects|413,566|476,821| |:|care|Domiciliary|care|70,313|-| |Supported|living|Supported|living|223,876|-| |3,186,473|2,645,424| |Included|in|income from|charitable|activities|are government grants totalling £140,547.| |6.|OTHER INCOME| |2021|2020| |.|as|restated| |Other|£|£| |income|121,855|4,695||| |Included|in|other income|are government grants|totalling £121,426.|

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The Northam Care Trust

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7. RAISING FUNDS -
.
Other trading activities
2021 2020
as restated
£ £
Bad debts ; 2,801 -
Otherfundraising costs 2,158 7,294
4,959 7,294 °
8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
: Casts note 9) Totals
;
Residential		 £
1,603,629		 £
1,017,672		 £
2,621,301
Community projects 243,556 175,967 419,523
Domiciliarycare 35,733 - 35,733
Supported living 241,919 34,494 276,413
2,124,837 1,228,133 3,352,970

Support costs relating to employee costs have been apportioned across residential activities and community projects on an 85:15 basis. Other support and governance costs have been apportioned across residential activities, community projects and supported living activities on an 80:15:5 basis.

9, SUPPORT COSTS

SUPPORT COSTS
Governance
Other costs Totals
Residential £
1,011,800		 £
5,872		 £
1,017,672
Community projects 174,866 1,101 175,967
Supported living ; 34,128 366 34,494
1,220,794 7,339 1,228,133

Support costs relating to employee costs have been apportioned across residential activities and community projects on an 85:15 basis. Other support and governance costs have been apportioned across residential activities, community projects and supported living activities on an 80:15:5 basis.

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10. NET INCOME/EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

‘

:

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |,| |2021|2020| |Depreciation|£|:|as|restated£| |- owned|assets|39,336|31,670| |11.|AUDITORS'|REMUNERATION|,| |2021|2020| |as|restated| |Fees|£|£| |payable to the charity's|auditors|for|the|audit of the|charity's|financial| |statements|:|4,000|4,000| |Other non-audit services|2,750|6,869| |12.|TRUSTEES'|REMUNERATION|AND BENEFITS| |There were no|trustees'|remuneration|or other|benefits|for|the year ended|31|March 2021|nor for the year|ended| |31|March|2020.| |Trustees’|expenses|.| |There were no|trustees’ expenses paid for the year ended|31|March 2021|nor|for the year ended 31|March 2020.| |13.|STAFF COSTS|,| |2021|2020| |as|restated| |£|£| |Wages and|salaries|2,524,853|1,973,057| |Social|security|costs|159,350|126,993| |Other pension costs|40,448|24,773| |2,724,651|2,124,823| |The|average monthly number|of employees|during the|year was|as|follows:| |2021|2020| |Charitable|as restated| |activities|165|138| |The number of|employees whose employee|benefits|(excluding|employer|pension|costs)|exceeded £60,000 was:| |;|2021|2020| |£60,001|- £70,000|1|asrestated-|

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Wages and salaries relating to support staff have been apportioned across residential activities and community projects on an 85:15 basis.

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Notes to the Financial Statements - continued for the Year Ended 31 March 202]

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|||||||| |---|---|---|---|---|---|---| |14,|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |fund|Designated|funds|funds| |as|restated| |.|£|£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|26,269|-|36,421|62,690| |Charitable|activities| |Residential|2,168,603|-|-|2,168,603| |Community projects|476,82|||-|-|476,821| |Investment income|2,604|-|-|2,604| |Other income|4,695|-|-|4,695| |,|Total|2,678,992|-|36,42]|2,715,413| |EXPENDITURE|ON| |Raising funds|7,294|a|-|7,294| |Charitable|activities| |Residential|2,250,622|-|28,011|2,278,633| |Community projects|383,163|1,239|1,015|'|385,417| |Total|2,641,079|1,239|29,026|2,671,344| |NET INCQMEEXPENDITURE)|37,913|(1,239)|7,395|44,069| |Transfers between|funds|27,260|-|(27,260)|-| |Net movement tn funds|65,173|(1,239)|(19,865)|44,069| |RECONCILIATION|OF|FUNDS| |Total|funds brought forward|278,853|-|1,231,955|56,258|1,567,066| |TOTAL FUNDS CARRIED FORWARD|344,026|1,230,716|36,393|1,611,135|

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  1. PRIOR YEAR ADJUSTMENT

Property previously classified as freehold property has been reclassified as leasehold property to better reflect the terms of its ownership. This has had no effect on reserves.

  1. KEY MANAGEMENT REMUNERATION

Themanagementtotal compensationpersonnel waspayable£255,743.for the year to those individuals whom the trustees consider to be key

17. TANGIBLE FIXED ASSETS

:

COST Freehold
property
£		 Long
leasehold
£		 Fixtures
and
fittings
£
At
1 April2020
Additions		 : 924,208 175,941
Disposals -
;
-		 -
-		 15,133
-
At 31 March2021
DEPRECIATION		 ‘ . . 924,208 175,941 239,473
At April2020
Chargeforyear
Eliminated on disposal		 : 208,018
14,887
-		 10,566
3,519
-
-
At31 March2021
;
NETBOOKVALUE		 222,905
—_		 14,085
a
At31 March2021 701,303 161,856 42,366
At31 March2020 ; 716,190 165,375 : 41,459

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The Northam Care Trust

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Notes to the Financial Statements - continued for the Year Ended 31 March 2021

17, TANGIBLE FIXED ASSETS - continued

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|||||||| |---|---|---|---|---|---|---| |Motor|Computer| |vehicles|equipment|Totals| |COST|£|£|£| |At|I|April 2020|84,281|28,482|1,437,252| |Additions|5,800|-|20,933| |Disposals|(3,875)|-|(3,875)| |At 31.March 2021|86,206|28,482|1,454,310| |DEPRECIATION| |At|||April 2020|70,772|20,288|492,525| |Charge for year|$52|5,852|39,336| |Eliminated on disposal|(3,875)|-|(3,875)| |At 31|March 2021|67,749|26,140|527,986| |NET|BOOK VALUE| |At|31|March 2021|18,457|2,342|:|926,324| |At 31|March 2020|13,509|8,194|944,727|

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Included in cost or valuation of land and buildings is freehold land of £180,000 which is not depreciated.

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||||| |---|---|---|---| |18.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |.|2021|2020| |as|restated| |Trade|debtors|£|£| |Other|debtors|205,771|131,139| |Prepayments|462|1,089| |and accrued income|106,962|85,089| |313,195|217,317|

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The Northam Care Trust

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Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021 2020
. as restated
£ £
Trade creditors
Social security andothertaxes
Othercreditors
Accruals and deferred income		 20,110
22
56,170
16,271		 36,778
2,945
33,491
8,536
: 92,573 $1,750
20. ANALYSISOFNETASSETSBETWEEN BETWEENFUNDS FUNDS
. 2021 2020
as restated
Fixed assets’
Current assets
Current liabilities		 Unrestricted
fund
£
6,441
141,816
(92,573)		 Designated
£
919,883
576,419
-		 Restricted
funds
£
-
48,668
-		 Total
funds
£
926,324
766,903
(92,573)		 Total
funds
£
944,727
748,158
(81,750)
55,684 1,496,302 48,668 1,600,654 1,611,135

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||||||||| |---|---|---|---|---|---|---|---| |oOoeeees| |21.|MOVEMENT|IN|FUNDS| |‘|Net|Transfers| |At|movement|between|At| |1.4.20|in funds|funds|31.3.2]| |Unrestricted|funds|£|£|£|£| |General fund|344,026|14,319|(302,661)|55,684| |Fixed|assets|484,340|-|94,640|578,980| |Capital work and major repairs|276,280|(16,519)|63,238|322,999| |Closure contingency|340,989|-|(86)|340,903| |Voids reserve|105,000|-|103,000|208,000| |Unrestricted/service|development|24,107|-|15,893|40,000| |Business|continuity|-|(17,798)|23,218|5,420| |Restricted|funds|1,574,742|(19,998)|(2,758)|1,551,986| |Dementia Service|(11,735)|5,977|5,758|-| |DayKitchen|Refurbishment|.|8,905|-|-|8,905| |NL|Service Fundraising|1,535|”|-|1,535| |Sensory Room|19,335|(2,791)|-|16,544| |Minibuses|3,000|-|(3,006)|-| |Garden|Refurbishment|450|(85)|-|365| |Clients hardship|783|-|-|783| |Awards|for|All|Rosebuds project|962|-|-|962| |Carers Project|4,575|-|-|4,575| |J. Horrell|- NL Technical Fund|1,335|-|(312)|1,023| |In memory|of|TF|5,748|-|(3,476)|2,272| |~|Appledore Kiosk|1,500|-|-|1,500| |Football|Ability|-|1,000|-|1,000| |Sensory garden|-|(3,476)|3,476|-| |Communication|-|(312)|312|-| |Gardening|for the disabled|;|-|171|-|17k| |Pony Paddock|-|9,033|-|9,033| |36,393|9,517|2,758|48,668| |TOTAL FUNDS|1,611,135|(10,481)|-|1,600,654|

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21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

,

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||||||| |---|---|---|---|---|---| |Incoming|Resources.|Movement|.| |resources|expended|in|funds| |Unrestricted|funds|£|£|£| |CapitalGeneral|fund|.|3,319,702|(3,305,383)|14,319| |work|and major repairs|-|(16,519)|(16,519)| |Business continuity|-|(17,798)|(17,798)| |Restricted|funds|3,319,702|(3,339,700)|(19,998)| |Dementia Service|6,251|(274)|5,977| |NL Sensory Room|-|(2,791)|(2,791)| |Garden|Refurbishment|,| |;| |Football|-|(85)|(85)| |Sensory|Ability|1,000|-|1,000| |garden|-|(3,476)|(3,476)| |Communication|6,520|(6,832)|(312)| |Gardening for the|disabled|675|(504)|171| |Pony Paddock|13,300|(4,267)|9,033| |27,746|(18,229)|9,517| |;|TOTAL FUNDS|3,347,448|(3,357,929)|(10,481)|

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Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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The Northam Care Trust

21. MOVEMENT IN FUNDS - continued

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|||||||| |---|---|---|---|---|---|---| |Comparatives|for|movement|in|funds| |Net|‘Transfers| |At|;|movement|between|At| |1.4.19|in funds|funds|31.320|-| |Unrestricted|funds|£|£|£|£| |General fund|278,853|37,913|27,260|344,026| |Fixed assets|484,340|-|-|484,340| |Capital work and major repairs|277,519|(1,239)|-|276,280| |ClosureVoids|reserve contingency|340,989|:|-|340,989| |Unrestricted/service|.|105,000|-|-|105,000| |development|24,107|-|-|24,107| |Restricted|funds|1,510,808|36,674|27,260|1,574,742| |Dementia|Service| |.|Kitchen|Refurbishment|-|(11,735)|~|(11,735)| |Day|-|8,905|-|8,905| |NL|Service Fundraising|1,205|330|-|1,535| |Sensory Room|12,890|6,445|-|19,335| |GardenMinibusesRefurbishment|12,000|3,000|(12,000)|3,000| |Eye|-|450|-|450| |Gaze|15,260|.| |Clients|-|(15,260)|-| |Awardshardship|783|-|-|783| |for All|Rosebuds|project|962|-| |J.Carers|Project|4,575|-|--|4,575962| |In|Horrell|- NL Technical Fund|1,335|-|-|1,335| |memory of|TF|5,748|7|-|5,748| |Appledore Kiosk|1,500|-|-|1,500| |56,258|7,395|(27,260)|36,393| |TOTAL FUNDS|1,567,066|44,069|-|1,611,135|

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21. MOVEMENT IN FUNDS- continued
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Comparative net movement in funds, included in the above are as follows:

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||||||| |---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in funds| |Unrestricted|funds|£|£|£| |General fund|2,678,992|(2,641,079)|37,913| |Capital work and major repairs|-|(1,239)|(1,239)| |Restricted|funds|2,678,992|(2,642,318)|36,674| |KitchenDementia|Service|;|-§20|(12,255)|(11,735)| |Day|ServiceRefurbishmentFundraising|9,050|(145)|8,905| |NL|;|1,200|(870)|330| |Sensory Room|15,601|(9,156)|6,445| |,|Minibuses|3,000|-|3,000| |Garden Refurbishment|450|-|450| |Football Ability|600|(600)|-| |Sensory garden|1,000|(1,000)|~| |Rose|Hill|Boiler|5,000|(5,000)|-| |36,421|(29,026)|7,395| |TOTAL FUNDS|2,715,413|(2,671,344)|44,069| |Purpose of material|funds|

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General funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and which the charity may use for its purpose at its discretion. The fixed assets fund has been designated to cover the cost of purchasing major items of equipment. The capital work and major repairs fund has been designated to cover costs of repairs, extensions and renewals of buildings and major items of equipment. The closure contingency fund has been designated to cover the costs expected to be incurred in the event the charity was forced to close or approximately 5 months running costs (whichever is greater) and should be enough to cater for any issues of funding coslapse. The voids reserve fimd has been designated to subsidise residential services if there are void rooms (attracting no fees) in order to maintain the same high quality of care for the remaining clients.

The unrestricted / service development fund has been designated to cover the cost of developing a new service or project. The business continuity fund has been designated to ensure the charity continues to deliver the services we offer at acceptable levels following a disruptive incident.

,

inIn theaccordance opinion ofwiththe Trustees,the relevant restrictions.sufficient funds are held in an appropriate form to enable each fund to be applied

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The Northam Care Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

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  1. MOVEMENT IN FUNDS- continued .

Transfers between funds

: Transfers have between made between designated funds and the unrestricted general fund to bring the closing : balancesof the relevant on thesefund. funds to the amounts which the trustees consider appropriate to meet the financial requirements

relevantA transferfunders.of unspent funds to general reserves have been made from the Minibuses fund as agreed with the A transfer of £3,476 has been made from the In memory of TF fund to the Sensory Garden fimd to cover the excess spent on that fund.

A transfer of £312 has been made from the J. Horrell - NL Technical fund to the Communication fund to cover the excess spent on that fund.

A transfer of £5,758 has been made from the unrestricted general fund to the Dementia Service fund to cover the excess spent on that fund.

  1. RELATED PARTY DISCLOSURES |

There were no disclosable related party transactions for the year ended 31 March 2021 other than the key management remuneration disclosed above.

23. RECONCILIATION OF NET (EXPENDITURE)VINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

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|||||||| |---|---|---|---|---|---|---| |2021|2020| |as|restated| |Net|£|£| |(expenditure)/income|for the reporting|period|(as|per the| |AdjustmentsStatement of|for:Financial|Activities)|.|(10,481)|44,069| |Depreciation|charges|39,336|31,671| |Interest received|(960)|(2,604)| |Increase|in debtors|(95,878)|(84,022)| |Increase in creditors|10,823|35,697| |_|Net cash|(used|in)/provided|by operations|(57,160)|24,811|

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||||||| |---|---|---|---|---|---| |24...|ANALYSIS OF CHANGES IN NET FUNDS| |At|1.4,20|Cash flow|At 31.3.21| |Net|cash|£|£|£| |Cash|at bank and|in hand|530,841|(77,133)|453,708| |$30,841|(77,133)|453,708| |Total|530,841|(77,133)|453,708|

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The Northam Care Trust

‘

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

;

eee

25. CHARITY STATUS STATUS

CHARITY STATUS STATUS : . The charity is a private company limited by guarantee and consequently does not have share capital. Each of the Members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. . ,

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