2021-03-31-accounts - Methodist Homes

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					Page(s)
Board ofDirectors' Report including			Strategic Report		3-29
Board, Officers and Advisors					30-31
Independent	Auditors'	Report			32-34
Consolidated	Statement	ofFinancial	Activities for	the year ended 31 March 2021	35
Consolidated	Statement	ofFinancial	Position as at	31 March 2021	36
Statement ofFinancial		Position (Parent Company)		as at 31 March 2021	37
Consolidated	Cash Flow Statement		for the year ended 31 March 2021		38
Notes to the	Financial	Statements			39-88

xtent f2,286,000 Protective Personal	(2020: nil) from the Furlough sc Equipment (PPE). These monies	(2020: nil) from the Furlough sc Equipment (PPE). These monies	(2020: nil) from the Furlough sc Equipment (PPE). These monies	heme and from the Gov are accounted for within	ernment provis Charitable inc
Key Performance	Indicators for the group
				2020/21	2019/20
				Actus If'000	Actual g'000
Total income				242,998	251,238
Operating costs excluding exceptional costs				231,141	235,646
Exceptional costs				5,670	518
Surplus for the year				6,232	15,044
ager investment	ains	and losses
Senice users capacity				Number	Number
Care Homes				4,840	4,876
Number ofRetirement		Living Properties		2,829	2,829
Community services				11,587	12,220
Occupancy
Care Homes				78%	92%
Retirement Living				90%	91%
Cost offundraising	to	voluntary	income	13%	17%

or the year ende	d	31n Marc	h 2021
				Unrestricted	Restricted	Endowment	Total	Total
			Note	Funds	Funds	Funds	2021	2020
				g'000	K'000	f'000	g'000	g'000
Income and endowments
from:
Donations and legacies			2.a	2,295	2,919		5,214	4,219
Charitable activities
Homes				181,783	14,425		196,208	200,853
Retirement Living				35,782	649		36,431	41,533
MHA Communities					3,139		3,139	3,266
Other				1,735	111		1,846	1,082
Total charitable activities			3.a/6.a	219,300	18,324		237,624	246,734
Investments			4.a	128	25	7	160	285
Total				221,723	21,268	7	242,998	251,238
Expenditure on:
Raising funds				672			672	714
Charitable activities
Homes				173,405	15,091		188,496	188,182
Retirement living				36,840	814		37,654	38,853
MHA Communities					5,030		5,030	5,915
Other				3,929	112	2	4,043	1,931
Total charitable activities			6.a	214,174	21,047	2	235,223	234,881
Other			7.a	916			916	569
Total			5.a	215,762	21,047	2	236,811	236,164
Net (losses)/gains investments	on		11.a		57	(12)	45	(30)
Net income				5,961	278	(7)	6,232	15,044
Transfer between	funds			434	(434)
Other recognised
(losses)/gains:
Actuarial (loss)/gain on defined benefit pension schemes			25.	(1,539)			(1,539)	1,965
Other —interest rate gains/(losses)		swaps	18.	1,068			1,068	(1,371)
Net movement in	funds			5,924	(156)	(7)	5,761	15,638
Reconciliation of	funds:
Total funds brought		forward	24.a	277,173	24,335	1,020	302,528	286,890
Total funds carried		forward		283,097	24,179	1,013	308,289	302,528

Company Registered	No. 4043	124
			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	2021	2020
		Note	f'000	g'000	K'000	g'000	g'000
Fixed assets
Intangible fixed assets		12.a	894			894	265
Tangible fixed assets		13.a	407,488	15,947		423,435	447,719
Investments		Is.a	90	507	763	1,360	1,315
			408,472	16,454	763	425,689	449,299
Current assets
Debtors		16.	13,587			13,587	14,821
Cash at bank and in hand			53,992	10,064	250	64,306	45,735
Total current assets			67,579	10,064	250	77,893	60,556
Liabilities
Creditors: Amounts due within one year	falling	17.	(36,791)	(2,339)		(39,130)	(43,056)
Net current assets/(liabilities)			30,788	7,725	250	38,763	17,500
Total assets less current liabilities			439,260	24,179	1,013	464,452	466,799
Creditors: Amounts falling due after more than one year		18.	(114,913)			(114,913)	(119,135)
Provisions for liabilities		19.a	(41,250)			(41,250)	(45,136)
Total net assets before
defined benefit pension			283,097	24,179	1,013	308,289	302,528
liability
Defined benefit pension scheme liability		25.
Total net assets			283,097	24,179	1,013	308,289	302,528
Funds
Endowment funds		22.a			1,013	1,013	1,020
Restricted income funds		23.a		24,179		24,179	24,335
Unrestricted income General fund	fund:	24.a	283,097			283,097	277,173
Total Funds		24.a	283,097	24,179	1,013	308,289	302,528

Company Registration	No. 404312	4
			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	2021	2020
			f'000	f'000	f'000	O'000	f'000
Fixed assets
Intangible fixed assets		12.c	894			894	265
Tangible fixed assets		13.c	315,866	15,947		331,813	353,941
Investments		Is.a	90	507	763	1,360	1,315
			316,850	16,454	763	334,067	355,521
Current assets
Debtors		16.	35,640			35,640	35,339
Cash at bank and in hand			39,999	10,013	250	50,262	35,099
Total current assets			75,639	10,013	250	85,902	70,438
Liabilities
Creditors: Amounts within one year	falling due	17.	(33,742)	(2,339)		(36,081)	(39,842)
Net current assets			41,897	7,674	250	49,821	30,596
Total assets less current liabilities			358,747	24,128	1,013	383,888	386,117
Creditors: Amounts falling due sacr more than one year		18.	(95,565)			(95,565)	(98,498)
Provisions for liabilities		19.a	(27,594)			(27,594)	(31,056)
Total net assets before defined benefit pension liability			235,588	24,128	1,013	260,729	256,563
Defined benefit pension scheme
liability
Total net assets			235,588	24,128	1,013	260,729	256,563
Funds
Endowment funds		22.a			1,013	1,013	1,020
Restricted income funds		23.c		24,128		24,128	24,299
Merger Reserve		24.c	(1,566)			(1,566)	(3,132)
Unrestricted income General fund	fund.	24.c	237,154			237,154	234,376
Total Funds		24.c	235,588	24,128	1,013	260,729	256,563

				2021		2020
			Note	f'000	f'000	g'000	0'000
Cash flow from operating activities:
Net cash inflow by operating activities			26a		20,851		18,552
Cash flow from investing activities:
Investment income				160		285
Purchase oftangible fixed assets				(2,778)		(18,850)
Purchase ofIntangible fixed assets
Purchase ofInvestment						(29)
Proceeds from the sale oftangible fixed assets				5,998		11,499
Net cash generated (outflow) investing	activities				3,380		(7,095)
Cash flow from financing activities:
Interest paid and similar charges				(3,490)		(3,578)
Repayments ofborrowings				(2,170)		(3,755)
Net cash outflow financing activities					(5,660)		(7,333)
Net change in cash and cash equivalents					18,571		4,124
Cash and cash equivalents at the beginning		ofthe year			45,735		41,611
Cash and cash equivalents at the end ofthe		year			64,306		45,735

	Unrestricted	Restricted	Endowment	2021	2020
	Funds	Funds	Funds	Total	Total
	f'000	f'000	f'000	f'000	f'000
Donations	138	1,684		1,822	1,344
Big Lottery Fund grant		192		192	211
Legacies receivable	2,157	1,043		3,200	2,664
	2,295	2,919		5,214	4,219

	Unrestricted	Restricted	Endowment	2020	2019
	Funds	Funds	Funds	Total	Total
	f'000	f'000	f'000	f'000	f'000
Donations	477	867		1,344	1,834
Big Lottery Fund grant		211		211	191
Legacies receivable	1,099	1,565		2,664	3,046
	1,576	2,643		4,219	5,071

3.a Charita	ble activities (cu	rrent year)
		Unrestricted	Restricted	Endowment	2021	2020
		Funds	Funds	Funds	Total	Total
		f'000	f'000	f'000	f'000	f'000
Fees and charges		204,268	508		204,776	223,554
Rents		7,175			7,175	7,420
Grants		1,053	2,628		3,681	3,141
Government	Funding		15,188		15,188
Sale ofHousing		6,804			6,804	12,619
		219,300	18,324		237,624	246,734

3.b Charitab	le activities (pri	or year)
		Unrestricted	Restricted	Endowment	2020	2019
		Funds	Funds	Funds	Total	Total
		f'000	f'000	f'000	f'000	f'000
Fees and charges		222,174	1,380		223,554	210,153
Reo(s		7,420			7,420	7,358
Grants		1,056	2,085		3,141	2,436
Consultancy	income					55
Sale ofHousing		12,619			12,619	20,525
		243,269	3,465		246,734	240,527

			Unrestricted Restricted	Unrestricted Restricted	Endowment	Endowment		2021	2020
				Funds Funds		Funds Total			Total
				0'000 f'000		f'000 f'000			f'000
Investment securities —UK				6			7	13	18
Bank and deposit interest				128 19				147	267
				128 25			7	160	285
4.b Investments	(prior year)
			Unrestricted Restricted		Endowment			2020	2019
				Funds Funds		Funds		Total	Total
				f'000 f'000		f'000		f'000	f'000
investment securities —UK				11			7	18	16
Bank and deposit	interest			257 9			1	267	145
				257 20			8	285	161
5. Analysis ofexpenditure
5.a Analysis ofexpenditure		(current year)
				Retirement	MHA			2021	2020
			Homes	Living Communities		Other		Total	Total
	Note		f'000	f'000	f'000	f'000		f'000	f'000
Staffcosts			113,635	15,112	3,606	12,260		144,613	143,180
Operational
costs/(income):
Supplies and services			34,373	6,214	833	4,883		46,303	46,997
Repairs and rents			16,150	2,797	246		44	19,237	19,404
Retirement housing cost ofsales				3,088			126	3,214	5,820
Depreciation		13.a	7,649	4,717	ll		318	12,695	13,725
Amortisation		12.a					155	155	166
Finance charges				10			2	12	1,286
Bank loan interest			2,925	587			34	3,546	3,730
Other (income)/costs			458	19			602	1,079	1,557
(Profit) on disposals			(497)	(132)				(629)	(788)
Exceptional items		8	1,901	3,269			500	5,670	518
Allocated costs/(income)			11,902	1,973	334	(14,209)
Governance costs		7.a					916 569 916
Total expenditure			188,496	37,654	5,030	5,631		236,811	236,164

5.b Analysis ofexpenditure	(prior year)	(prior year)
			Retirement	MBA		2020	2019
Note		Homes f'000	Living f'000	Communities f'000	Other f'000	Total f'000	Total f'000
Staffcosts		114,113	15,094	3,661	10,312	143,180	135,006
Operational
costs/(income):
Supplies and services		33,369	6,412	1,570	5,646	46,997	50,743
Repairs and rents		16,340	2,548	288	228	19,404	19,234
Retirement housing cost ofsales			5,686		134	5,820	8,949
Depreciation 13.b		8,228	4,836	6	655	13,725	13,490
Amortisation 12.b					166	166	1,218
Finance charges			1,285		1	1,286	2,296
Bank loan interest		3,068	627		35	3,730	3,786
Other (income)/costs		528	88	2	939	1,557	2,433
(Profit) on disposals		(779)	(9)			(788)	(3,925)
Exceptional items					518	518	2,174
Allocated costs((income)		13,315	2,286	388	(15,989)
Governance costs	7.b				569	569	576
Total expenditure		188,182	38,853	5,915	3,214	236,164	235,980

6.a Summary analysis ofexpenditure and	6.a Summary analysis ofexpenditure and	6.a Summary analysis ofexpenditure and	related income	for charitable	activities (current year)	activities (current year)
			Retirement	MHA		2021	2020
		Homes	Living	Communities	Other	Total	Total
	Note	g'000	f'000	K'000	E'000	I'000	K'000
Income from
charitable activities
Fees and charges		181,865	21,863	369	679	204,776	223,554
Rents		54	7,121			7,175	7,420
Grants				2,660	1,021	3,681	3,141
Government Funding		14,289	643	110	146	15,188
Sale ofHousing			6,804			6,804	12,619
Total income	3.a	196,208	36,431	3,139	1,846	237,624	246,734
Expenditure on charitable		activities
Staffcosts		(113,635)	(15,112)	(3,606)	(11,803)	(144,156)	(142,401)
Operational costs		(61,058)	(17,300)	(1,090)	(5,949)	(85,397)	(91,962)
Allocated (costs)/income		(11,902)	(1,973)	(334)	14,209
Exceptional items		(1,901)	(3,269)		(500)	(5,670)	(518)
Total		(188,496)	(37,654)	(5,030)	(4,043)	(235,223)	(234,881)
Total surplus/(deficit) from charitable activities 2021			(1,223)	(1,891)	(2,197)	2,401
Total surplus/(deficit) from charitable activities 2020			2,680	(2,649)	(849)		11,853

6.b Summary analysis	6.b Summary analysis	6.b Summary analysis	of	expenditure	and related income	and related income	for charitable activities (prior year)	for charitable activities (prior year)	for charitable activities (prior year)
						Retirement	MHA			2019
				Homes		Living	Communities	Other	Total	Total
			Note		g'000	g'000	K'000	g'000	OOOO	g'000
Income from
charitable
activities
Fees and charges				200,788		21,559	1,165	42	223,554	210,153
Rents					65	7,355			7,420	7,358
Grants							2,101	1,040	3,141	2,436
Consultancy	income									55
Sale ofHousing						12,619			12,619	20,525
Total income			3.b	200,853		41,533	3,266	1,082	246,734	240,527
Expenditure	on charitable			activities
Staffcosts				(114,113)		(15,094)	(3,661)	(9,533)	(142,401)	(134,681)
Operational	costs			(60,754)		(21,473)	(1,866)	(7,869)	(91,962)	(98,052)
Allocated (costs)/income				(13,315)		(2,286)	(388)	15,989
Exceptional	items							(518)	(518)	(2,174)
Total				(188,182)		(38,853)	(5,915)	(1,931)	(234,881)	(234,907)
Total surplus/(deficit)
from charitable		activities			12,671	2,680	(2,649)	(849)	11,853
2020
Total surplus/(deficit)
from charitable		activities			9,554	5,063	(3,135)	(5,862)		5,620
2019

7. Analysis ofgovernance	7. Analysis ofgovernance	7. Analysis ofgovernance	and support costs (	continued)
7.a Analysis ofgovernance			and support costs	(current year)
			Support Costs f'000	Governance Costs f'ooo	2021 Total f'000	2020 Total f'000	Basis of allocation
Employment costs				575	575	287	Staff time
Director expenses				8	8	10	Invoiced events
External auditors —audit
services:
Parent				175	175	148	Governance
Subsidiaries				30	30	30	Governance
Bank covenants				5	5	6	Governance
Directors Insurances					9	9	Cost
Other costs				123	123	88	Governance
Total				916	925	578
7.b Analysis ofgovernance			and support costs	(prior year)
			Support Costs f'000	Governance Costs f'000	2020 Total 000	2019 Totai f'000	Basis of allocation
Employment costs				287	287	218	Staff time
Director expenses				10	10	17	Invoiced events
External auditors —audit
services:
Parent				148	148	112	Governance
Subsidiaries				30	30	85	Governance
Bank covenants				6	6	6	Governance
Directors Insurances					9	9	Cost
Other costs				88	88	138	Governance
Total				569	578	585
8. Exceptional	items
						2021	2020
						f'000	f'000
Impairment ofassets						5,170
Change programme		and admin costs					295
Silk Deferred Tax Asset							223
Self-provision						500
Total costs						5,670	518

							2021	2020
							Total	Total
							K'000	F000
Operating		leases
The following			lease payments	were made during	the year in respect		of
operating	leases:
Land and	buildings						11,866	11,820
							2021	2020
							Land &	Land &
							Buildings	Buildings
							Total	Total
At 31 March the Group and Charity had commitments cancellable operating leases as follows:						under non-	F000	g'000
- expiring		in	one year or less				12,014	11,607
-expiring		in	one to two years				12,014	11,607
—expiring		in	two to five years				36,042	34,821
- expiring		in	more than five years				213,778	218,709
							273,848	276,744
10.Analysis			ofstaff costs and remuneration		ofkey	management	personnel
							2021	2020
							Number	Number
Average	monthly number employed
Care Homes							4,810	4,796
Retirement		Living					781	798
MHA Communities							123	133
Office staff							347	289
							6,061	6,016

		2021	2020
		K'000	K'000
Group staffing costs
Wages and salaries		131,382	129,617
Social security costs		10,023	9,878
Other pension costs
- Defined benefit pension costs (note 26)		121	242
- Defined contribution	pension costs	3,660	3,731
		145,186	143,468

2020;87)employees earned over f60,000 in the year ex ands;	cluding pension contribution within t	he following
	2021	2020
	Number	Number
Between f60,001 and f70,000	56	45
Between f70,001 and f80,000	19	29
Between f80,001 and f90,000	6	4
Between f90,001 and f100,000	2	2
Between f.100,001 and f110,000	2	1
Between f 1 10,001 and f120,000	2	2
Between f120,001 and f130,000	1	2
Between f130,001 and K)40,000	2	1
Between f.140,001 and f150,000
Between f150,001 and f160,000
Between f160,001 and f170,000
Between f170,001 and f180,001
Between f.180,001 and f190,000
Between')90, 001 and f200,000
Between f200,001 and f210,000
Between f210,001 and f220,000

			Unrestricted	Restricted	Endowment	2021	2020
			Funds	Funds	Funds	Total	Total
			f'000	f'000	f'000	f'000	f'000
Unrealised	(losses)/gains			57	(12)	45	(30)
				57	(12)	45	(30)
II.b Net	gains/0osses)	on investments	(prior year)
			Unrestricted	Restricted	Endowment	2020	2019
			Funds	Funds	Funds	Total	Total
			f'000	f'000	f'000	f'000	f'000
Unrealised	gains/(losses)		(1)	(47)	18	(30)	36
				(47)	18	(30)	36

Group			Customer relationships	Goodwill	Software	Total
			f'000	f'000	f'000	f'000
Cost
At I April 2020			2,782	379	497	3,658
Transfer ofexpenditure		between category			784	784
At 31March	2021		2782	379	I 281	4442
Accumulated	amortisation
At 1 April 2020			2,782	379	232	3,393
Amortisation	charge				155	155
At 31March	2021		2,782	379	387	3,548
Net BookValue
At 31March	2021				894	894
At 31 March	2020				265	265

Group		Customer relationships	Goodwill	Software	Total
		8'000	f'000	K'000	g'000
Cost
At 1April 2019		2,782	379	497	3,658
At 31March	2020	2 782	379	497	3658
Accumulated	amortisation
At 1 April 2019		2,782	379	66	3,227
Amortisation	charge			166	166
At 31March	2019	2,782	379	232	3,393
Net BookValue
At 31March	2020			265	265
At 31 March	2019			431	431

Company				Software	Total
				g'000	f'000
Cost
At I April 2020				497	497
Transfer ofexpenditure		between category	7$4	784
At 31March	2021			I 281	I 281
Accumulated	amortisation
At I April 2020				232	232
Amortisation	charge			155	155
At 31March	2021			3$7	3$7
Net BookValue
At 31March	2021			894	894
At 31 March	2020			265	265
12.d Intangible Fixed		Assets (prior year)
Company				Software	Total
				f.'000	g'000
Cost
At I April 2019				497	497
At 31March	2020			497	497
Accumulated	amortisation
At I April 2019				66	66
Amortisation	charge			166	166
At 31March	2020			232	232
Net BookValue
At 31March	2020			265	265
At 31 March	2019			431	431

13.a Tangi	ble	Fix	ed Assets (cu	rrent year)
			Care	Care
			Homes:	Homes:
			Freehold	Leasehold	Other:	Other:	Furniture,
Group			land and buildings	land snd buildings	Freehold land snd	Leasehold land snd	equipment and	Assets in the course of
			at	at	buildings	buildings	vehicles st	construction
			valuation	valuation	st cost	at cost	cost	at cost	Total
			f'000	f'000	f'000	f'000	f'000	f'000	f'000
Cost / valuation
I April 2020			266,544	37,671	189,508	7,019	32,191	11,018	543,951
Additions the year	during		1,153		1,512		449	2,326	5,440
Completions during the year			6,315		3,971		568	(11,553)	(699)
Disposais the year	during		(7,337)		(4,241)		(120)		(11,698)
Impairment during the	year		(2,027)		(3,354)		(154)		(5,535)
Transfer
between			(314)	315
category
31March	2021		264@34	37,986	187@96	7,019	32,934	1,790	531,459
Accumulated
depreciation		/
impairment
I April 2020			39,739	7,528	29,460	1,071	18,434		96,232
Charge for the			5,527	906	4,077	168	2,017		12,695
year
On disposals			(116)		(349)		(74)		(539)
Impairment			(221)		(87)		(56)		(364)
Transfer
between			(19)	19
category
31March	2021		44,910	8,453	33,101	1,239	20/21		108,024
Net book	value
31March	2021		219,424	29,533	154,295	5,780	12,613	1,790	423,435
31March	2020		226,805	30,143	160,048	5,948	13,757	11,018	447,719

13.b Tangible	Fixed Assets (p	rior year)
		Care
	Care	Homes:
	Homes:	Leasehold	Other:	Other:	Furniture,
Group	Freehold	land and	Freehold	Leasehold	equipment	Assets in the
	land and	buildings	land and	land and	and	course of
	buildings at	at	buildings	buildings	vehicles at	construction
	valuation 8'000	valuation K'000	at cost 8'000	at cost f'000	cost 8'000	at cost f'000	Total g'000
Cost / valuation
I April 2019	275,046	37,672	179,790	9,832	30,610	675	533,625
Additions during the year	1,825		3,334		1,026	10,710	16,895
Completions during the year					(8)		(8)
Disposals during the year			(6,189)		(77)		(6,266)
Impairment during the year						(295)	(295)
Transfer between
category /	(16,191)	9,303	6,468	572	(76)	(76)
company
31March 2020	260,680	46975	183,403	10404	31,475	11014	543,951
Restatement	5,864	(9,304)	6,105	(3,385)	716
31March 2020 restated	266,544	37,671	189,508	7,019	32,191	11,018	543,951
Accumulated
depreciation /
impairment
I April 2019	35,847	6,627	23,989	903	15,770		83,136
Charge for the	5,569	864	4,077	166	3,049		13,725
year
Impairment
On disposals			(529)		(77)		(606)
Transfer between
category /	(624)	626	(51)	28	(2)		(23)
company
31March 2020	40,792	$,117	27,486	1,097	18,740		96432
Restatement	1,053)	(589)	1,974	(26)	(306)
31March 2020 restated	39,739	7,528	29,460	1,071	18,434		96,232
Net book value
31March 2020	219888	38858	155,917	9307	12735	11,014	447,719
Restatement	6,917	(8,715)	4,131	(3,359)	1,022	4
31March 2020 restated	226,805	30,143	160,048	5,948	13,757	11,018447,719
31March 2019	239,199	31,045	155,801	8,929	14,840	675	450,489

	Care	Care
	Homes:	Homes:
	Freehold	Leasehold	Other:	Other:	Furniture,
Group	land and buildings	land and buildings	Freehold land and	Leasehold land and	equipment and	Assets in the course of
	at	at	buildings	buildings	vehicles at	construction
	valuation	valuation	at cost	at cost	cost	at cost	Total
	g'000	K'000	f'000	g'000	g'000	K'000	K'000
Direct
charitable
puiposes:
Homes	226,805	30,143			11,152	5,974	274,074
Retirement Living			157,561	5,948	2,238	2,775	168,522
Support offices	226,805	30,143	2,487 367 160,0485,94813,757			2,269 11,018	5,123 447,719

			Care	Care
			Homes:	Homes:
			Freehold	Leasehold	Other:	Other:	Furniture,
Company			land and buildings	land and buildings	Freehold land and	Leasehold land and	equipment and	Assets in the course of
			at	at	buildings	buildings	vehicles at	construction
			valuation	valuation	at cost	at cost	cost	at cost	Total
			l'000	f'000	8'000	f'000	0'000	8'000	6'000
Cost / valuation
I April 2020			244,386	37,671	114,114	139	27,104	8,482	431,896
Additions the year	during		1,089		949		292	2,148	4,478
Completions during the year			5,583		2,044		513	(8,839)	(699)
Disposals the year	during		(7,337)		(3,902)		(120)		(11,359)
Impairment during the	year		(2,027)		(3,354)		(154)		(5,535)
Transfer
between category /			(314)	315
company
31March	2021		241480	37,986	109,851	139	27,635	1,790	418,781
Accumulated
depreciation		/
impairment
I April 2020			37,542	7,528	17,273	23	15,589		77,955
Charge for the			5,040	906	2,235		1,680		9,864
year
Impairment			(221)		(87)		(56)		(364)
On disposals			(116)		(297)		(74)		(487)
Transfer
between category /			(19)	19
company
31March	2021		42426	8,453	19,124	26	17,139		86,968
Net book	value
31March	2021		199,154	29,533	90,727	113	10,496	1,790	331,813
31March	2020		206,844	30,143	96,841	116	11,515	8,482	353,941

13. Tangible	Fixed Assets	(continued)
13.d Tangible	Fixed Assets	(prior year)
	Care	Care
	Homes:	Homes:
	Freehold	Leasehold	Other:	Other:	Furniture,	Assets in
Company	land and	land and	Freehold	Leasehold	equipment	the course
	buildings	buildings	land and	land and	and	of
	at	at	buildings	buildings	vehicles at	construction
	valuation K'000	valuation 0'000	at cost Z000	at cost g'000	cost K'000	at cost 0'000	Total f'000
Cost / valuation
I April 2019	246,021	37,672	110,192	2,952	25,698	599	423,134
Additions during the year	1,745		2,492		904	8,178	13,319
Completions during the year					(8)		(8)
Disposals during the year			(4,226)		(23)		(4,249)
Impairment during the year						(295)	(295)
Transfer between
category /	(9,243)	9,303	(557)	572	($0)		(5)
company
31March 2020	238523	46975	107901	3524	26491	8482	431$96
Restatement	5,863	9,304	6,213	3,385	613
31March 2020 restated	244,386	37,671	114,114	139	27,104	8,482	431,896
Accumulated
depreciation /
impairment
I April 2019	32,743	6,627	14,889	21	13,283		67,563
Charge for the	5,093	864	2,221		2,637		10,815
year
Impairment
On disposals			(374)		(24)		(39$)
Transfer between
category /	(624)	626	(53)	28	(2)		(25)
company
31March 2020	37212	8117	16683	49	15894		77955
Restatement	330	589	590	26	305
31March 2020 restated	37,542	7,528	17,273	23	15,589		77,955
Net book value 31March 2020	201,311	38,858	912183475		10597	8,482	353,941
Restatement	5,533	(8,715)	5,623	(3,359)	918
31March 2020 restated	206,844	30,143	96,841	116	11,515	8,482	353,941
31March 2019	213,27831,045		95,303	2,931	12,415	599	355,571

	Care	Care
	Homes:	Homes:
	Freehold	Leasehold	Other:	Other:	Furniture,	Assets in
Company	land and buildings	land and buildings	Freehold land and	Leasehold land snd	equipment and	the course of
	at	at	buildings	buildings	vehicles st	construction
	valuation	valuation	at cost	at cost	cost	st cost	Total
	f'000	f'000	f'000	f'000	f'000	f'000	f'000
Direct charitable
purposes:
Homes	199,154	29,533			9,625	808	239,120
Retirement Living			86,984	113	310	28	87,435
Support oAices			3,743		561	954	5,258
	199,154	29,533	90,727	113	10,496	1,790	331,813

	Care	Care
	Homes:	Homes:
	Freehold	Leasehold	Other:	Other:	Furniture,	Assets in
Company	land and buildings	land and buildings	Freehold land and	Leasehold land and	equipment still	the course of
	at	at	buildings	buildings	vehicles at	construction
	valuation	valuation	at cost	at cost	cost	at cost	Total
	f'000	f'000	f'000	f'000	f'000	f'000	f'000
Direct charitable
purposes:
Homes	206,844	30,143			10.858	5,311	253,156
Retirement Living			94,354	116	290	902	95,662
Support otfices			2,487		367	2,269	5,123
	206,844	30,143	96,841	116	11,515	8,482	353,941

				Group	Group	Company	Company
				2021	2020	2021	2020
				f'000	f'000	f'000	f'000
Expenditure	contracted,	less	certified	624	2,443	599	2,245

15.a Investments	-Group and Company	(current	year)
	Unrestricted		Restricted	Endowment	2021	2020
		Funds	Funds	Funds	Total	Total
		g'000	f'000	K'000	K'000	f'000
1 April 2020		88	451	776	1,315	1,316
Additions during the year						29
Net (loss)/gain on	revaluation		57	(12)	45	(30)
31 March 2021		88	508	764	1,360	1,315
The securities represent:
Methodist Church	Central
Finance Board:
Equity fund units			400		400	342
Fixed interest fund	units	88	108	764	960	973
31 March 2021		88	508	764	1,360	1,315
15.b Investments	-Group and Company	(prior year)
	Unrestricted		Restricted	Endowment	2020	2019
		Funds	Funds	Funds	Total	Total
		f'000	g'000	K'000	g'000	0'000
1 April 2019		59	499	758	1,316	1,180
Additions during the year		29			29	100
Net gain/(loss) on	revaluation		(48)	18	(30)	36
31 March 2020		88	451	776	1,315	1,316
The securities represent:
Methodist Church	Central
Finance Board:
Equity fund units			342		342	392
Fixed interest fund units		88	109	776	973	924
31 March 2020		88	451	776	1,315	1,316

16. Debtors
		Group		Company
		2021	2020	2021	2020
		f'000	f'000	g'000	g'000
Trade debtors		8,276	7,003	7,384	6,458
Due from group undertakings				23,062	21,104
Other debtors		791	583	737	549
Prepayments	and accrued income	4,520	7,235	4,457	7,228
		13,587	14,821	35,640	35,339

17. Creditors:	Amounts falling due	within one year
		Group		Company
		2021	2020	2021	2020
		g'000	g'000	g'000	g'000
Loans —principal	and interest	1,780	2,035	1,529	1,789
Trade creditors		4,898	3,754	4,899	3,752
Charges and rents in advance		3,219	5,622	3,112	5,473
Deferred Income	—buy back	424	610	301	457
properties
Unpaid pension contributions		986	1,111	971	1,086
Taxation and social security		4,826	4,525	4,685	4,396
Other creditors		13,942	13,277	12,338	11,673
Accruals and deferred income		9,055	12,122	8,246	11,216
		39,130	43,056	36,081	39,842

18. Creditors: Amounts falling due after more than one year	18. Creditors: Amounts falling due after more than one year	18. Creditors: Amounts falling due after more than one year	18. Creditors: Amounts falling due after more than one year
			Group		Company
			2021	2020	2021	2020
			g'000	g'000	K'000	g'000
Derivative	financial instruments		4,938	6,006	4,938	6,006
Loans:
- Between	one and two	years	2,035	1,909	1,781	1,661
- Between	three and five years		76,848	6,450	76,148	5,735
- In five years or more			15,412	87,849	12,771	84,965
Less loan	arrangement	fees	(396)	(527)	(396)	(527)
			93,899	95,681	90,304	91,834
Unamortised grants —deferred income:
- Between	one and two	years	991	991
-Between	three and five years		2,821	2,894
—In five years or more			11,471	12,389
			15,283	16,274
Deferred	Income —buy	back properties:
- Between	one and two	years	294	483	186	354
-Between	three and five years		365	551	103	281
- In five years or more			134	140	34	23
			793	1,174	323	658
Total			114,913	119,135	95,565	98,498

							Increase/
					Created on		(release)	Utilisation	31
				I April	new	Charge	in	of	March
				2020 K'000	transactions f'000	for year f'000	provision F000	provision g'000	2021 f'000
Group
Guarantee backs	property		buy-	42,203	1,719	10		(5,609)	38,323
Remediation		provision		422					422
Retirement		Living	provision	1,728			187		1,915
Housing	for Sale provision			783			(520)	(173)	90
Public Liability provision					500				500
				45, 136	2,219	10	(333)	(5,782)	41,250
Company
Guarantee backs	property		buy-	28,545	478	(36)		(3,898)	25,089
Retirement		Living	provision	1,728			187		1,915
Housing	for Sale provision			783			(520)	(173)	90
Public Liability provision					500				500
				31,056	978	(36)	(333)	(4,071)	27,594

											2021	2020
										Note(s)	f'000	f'000
Financial assets that		are debt instruments			measured			at amortised
cost:
Trade debtors										16	8,276	7,003
Other debtors and	accrued		income								130	2,684
											8,406	9,687
Financial assets measured			at fair value through				statement offinancial		activities:
Investment in securities										15	1,360	1,315
Financial liabilities		measured		at amortised		cost:
Trade creditors										17	(4,898)	(3,754)
Accruals											(6,347)	(9,446)
Loans (including interest)									17/18		(95,679)	(97,716)
Other creditors											(14,699)	(13,725)
											(121,623)	(124,641)
Financial liabilities		measured		at fair value		through		statement offinancial		activities
Derivative financial		instruments								18	(4,938)	(6,006)
Company
The Company has	the following			financial	instruments:
											2021	2020
										Note(s)	f'000	f'000
Financial assets that are debt				instruments		measured		at amortised cost:
Trade debtors										16	7,384	6,458
Due from Group members										16	23,062	21,104
Other debtors and	accrued		income								25	2,645
											30,471	30,207
Financial assets measured			at	fair value	through		statement offinancial		activities:
Investment in securities										15	1,360	1,315
Financial liabilities		measured		at amortised		cost:
Trade creditors										17	(4,899)	(3,752)
Due to Group undertakings										17
Accruals											(5,850)	(8,892)
Loans (including	interest)									17/18	(91,833)	(93,623)
Other creditors											(13,688)	(12,730)
											(116,270)	(118,997)
Financial liabilities		measured		at fair value		through		statement offinancial		activities:
Derivative financial		instruments								)8	(4938)	(6,006)
												75

			M	oveme	nt in	Funds
									Transfers
									between
						(Losses)/gains		Transfers	restricted
		I					on	between	anti	31
		April					investment	restricted	unrestricted	March
		2020	Incoming		Outgoing		assets	funds	funds	2021
Group snd Company		f'000		f'000		f'000	f'000	f'000	f'000	f'000
H D Clarke Memorial		952		6		(2)	(12)			944
Redcroft
Residential		68								69
Home
		1,020			7	(2)	(12)			1,013
22.b Endowment		funds	(prior year)
				Movement		in Funds
									Transfers
									between
								Transfers	restricted
			I				Gains on	between	and	31
		April					investment	restricted	unrestricted	March
		2019		Incoming		Outgoing	assets	funds	funds	2020
Group snd Company		f'000		f'000		f'000	f'000	f'000	f'000	f'000
H D Clarke Memorial		928				(I )	18			952
Redcroft Residential	Home		67							68
			995		8	(1)	18			1,020

23.a Restricted income funds	23.a Restricted income funds	23.a Restricted income funds	(current	year)
Movement	in Funds
Group							Transfers
							between
						Transfers	restricted
		I			Gains on	between	and	31
		April			investment	restricted	unrestricted	March
		2020	Incoming	Outgoing	assets	funds	funds	2021
		f'000	K'000	0'000	L'000	f'000	f'000	g'000
Care Homes		14,562	15,081	(14,735)	57	(92)	(487)	14,386
Retirement	Living	4,910	632	(786)		(124)	240	4,872
Big Lottery grant	Fund		192	(192)
MHA Communities		3,048	4,680	(4,838)		60	(31)	2,919
Amenity funds		1,815	572	(385)				2,002
Other			111	(111)
		24,335	21,268	(21,047)	57	(156)	(278)	24,179

Movement	Movement	in Funds
Group								Transfers
								between
							Transfers	restricted
			I			Gains on	between	and	31
			April			investment	restricted	unrestricted	March
			2019	Incoming	Outgoing	assets	funds	funds	2020
			K'000	f'000	K'000	K'000	0'000	g'000	K'000
Care Homes			15,379	219	(990)	(47)		1	14,562
Retirement		Living	5,050		(141)			1	4,910
Big Lottery grant		Fund		211	(211)
MHA Communities			2,190	5,022	(4,164)		(6)	6	3,048
Amenity	funds		1,658	676	(525)				1,815
			24,277	6,128	(6,031)	(47)		8	24,335

Movemen	t	in Fund	s
Company								Transfers
								between
							Transfers	restricted
			I			Gains on	between	and	31
			April			investment	restricted	unrestricted	March
			2020	Incoming	Outgoing	assets	funds	funds	2021
			f'000	f'000	f'000	f'000	f'000	6000	f'000
Care Homes			14,562	14,793	(14,447)	57	(92)	(487)	14,386
Retirement		Living	4,910	628	(782)		(124)	240	4,872
Big Lottery grant		Fund		192	(192)
MHA Communities			3,048	4,681	(4,838)		60	(31)	2,920
Amenity	funds		1,779	544	(373)				1,950
Other				111	(111)
			24,299	20,949	(20,743)	57	(156)	(278)	24,128

23.d Restrict Movement in	ed income Funds	funds (prior	year)
Company						Transfers
						between
					Transfers	restricted
				Gains on	between	and	31
	1 April			investment	restricted	unrestricted	March
	2019	Incoming	Outgoing	assets	funds	funds	2020
	f'000	f'000	f'000	f'000	f'000	f'000	f'000
Care Homes	15,379	219	(990)	(47)		1	14,562
Retirement Living	5,050		(141)			1	4,910
Big Lottery Fund grant		211	(211)
MHA Communities	2,190	5,022	(4,164)		(6)	6	3,048
Amenity funds	1,652		(493)			(33)	1,779
	24,271	6,099	(5,999)	(47)		(25)	24,299

		Restricted Income Funds	Endowment Funds	Income Fund	Total
		f'000	f'000	f'000	f'000
Group
At 1 April 2020		24,335	1,020	277,173	302,528
Surplus	for the year	278	(7)	5,961	6,232
Actuarial	gain			(1,539)	(1,539)
Deficit on interest rate				1,068	1,068
swaps
Transfers		(434)		434
At 31 March 2021		24,179	1,013	283,097	308,289

24.b Fun	ds (prior year)
		Restricted Income Funds	Endowment Funds		Unrestricted		Income Fund	Total
		f'000		f'000			f'000	f'000
Group
At 1 April	2019	24,277		995			261,618	286,890
Surplus for the year		50		25			14,969	15,044
Actuarial	gain						1,965	1,965
Deficit on swaps	interest rate						(1,371)	(1,371)
Transfers							(8)
At 31 March 2020		24,335		1,020			277,173	302,528
24.c Funds (current year)
		Restricted Illcome F d	Endowment F un s		Merger Reserve	Unrestricted Income Fund		Total
		f'000	f'000		f'000		f'000	f'000
Company
At 1 April	2020	24,299	1,020		(3,132)		234,376	256,563
Surplus for the year		263		(7)			4,381	4,637
Actuarial	gain						(1,539)	(1,539)
Deficit on interest rate swaps							1,068	1,068
Transfers	ofsubsidiary				1,566		(1,566)
Transfers		(434)					434
At 31 March 2021		24,128	1,013		(1,566)		237,154	260,729

			Restricted Income Funds	Endowment Funds	Merger Reserve	Unrestricted Income Fund	Total
			K'000	g'000	f'000	K'000	g'000
Company
At I April	2019		24,271	995	(4,698)	222,218	242,786
Surplus/(loss) the year		for	53	25		13,105	13,183
Actuarial	gain					1,965	1,965
Deficit on rate swaps	interest					(1,371)	(1,371)
Transfer of subsidiary					1,566	(1,566)
Transfers			(25)			25
At 31March		2020	24,299	1,020	(3,132)	234,376	256,563

		2021	2020	2019	2018
		%pa	%pa	%pa	%pa
Inflation (CPI)		2.9%	1.7%	2.3%	2.2%
Inflation (RPI)		3 30/	2.7%	3.3%	3.2%
Rate ofincrease in salaries		0.0%	3.2%	3.8%	4.2%
Rate ofincrease for pensions	in payment	2.3%	1.5%	1.8%	1.7%
Rate ofincrease for deferred	pensions	3.3%	2.7%	3.3%	3.2%
Discount rate		2.1%	2.3%	2.4%	2.6%

						2021	2020	2019	2018
					SIPA Year of		SIPA Year of	SIPA Year of	SIPA Year of
						birth CMI20	birth CMI19	birth CMI18	birth CMI16
Life expectancy					with a minimum improvement of		with a minimum improvement of	with a minimum improvement of	with a minimum improvement of
						1.3%p.a. for	1.3%p.a, for	1.3%p.a.for	1.5%p.a. for
					males and 1.3%		males and 1.0%	males and 1.0%	males and 1.3%
					p.a. for females		p.a. for females	p.a. for females	p.a. for females
The assumed		life expectations			on retirement age		65 are;
						2021	2020	2019	2018
Pensioner	currently		aged	65:		Years	Years	Years	Years
Male						21.4	21.9	22.0	22.4
						23.4	23.7	23.7	24.0
Non-Pensioner		currently		aged	45:
Male						22.7	23.2	23.4	23.8
Female						24.9	24.9	24.9	25.3

			Fair value	Fair value
			2021	2020
			f'000	t'000
Equities			7,020	6,668
Government	bonds		34,274	33,729
Property			1,510	3,140
Other			22,443	19,829
Total market	value ofassets		65,247	63,366
Present value	ofscheme liabilities		(63,766)	(59,577)
Sutptus/(deficit) in the scheme			1,481	3,789
Effect ofasset ceiling			(1,481)	(3,789)
Net pension	asset((liability)	under FRS102

Analysis ofamounts charged to net incoming resourc	es
	2021	2020
	g'000	I'000
Expenses	(121)	(177)
Expected return on scheme assets	1,446	1,353
Interest on pension scheme liabilities	(1,341)	(1,418)
Net cost	(16)	(242)
Interest on effect ofasset ceiling	(105)
Total cost	(121)	(242)

25. Pensions and Similar Obligations	25. Pensions and Similar Obligations	25. Pensions and Similar Obligations	(continued)	(continued)
Analysis ofamount recognised		as Actuarial		gain/(loss)
				2021	2020
				g'000	f'000
Actuarial (loss)/gain recognised
in the Consolidated Statement				(1,539)	1,965
ofFinancial Activities
Total (charge)/credit to
Consolidated Statement	of			(1,555)	1,723
Financial Activities
Cumulative actuarial	losses		(11,466)		(9,927)
Statement ofFinancial				2021	2020
Position impact				g'000	g'000
Present value offunded obligations			(63,766)		(59,577)
Fair value ofscheme assets				65,247	63,366
Surplus/(deficit) in the at 31 March	scheme			1,481	3,789
Effect ofasset ceiling				(1,481)	(3,789)
Net pension asset/(liability)
under FRS102
				2021	2020
Changes in the present
value ofthe delined
benefit obligation				K'000	g'000
Opening defined benefit obligation				59,577	59,946
Interest cost				1,341	1,418
Actuarial (gain)/loss				5,395	(39)
Net benefits paid				(2,547)	(1,748)
Closing defined benefit obligation				63,766	59,577
				2021	2020
Changes in fair value plan assets	of			f'000	K'000
Opening fair value ofplan assets				63,366	56,431
Interest Income				1,446	1,353
Actuarial gain				1,443	5,715
Contributions by employer				1,660	1,792
Net benefits paid				(2,547)	(1,748)
Expenses				(121)	(177)
Closing fair value ofplan assets				65,247	63,366
Return on plan assets				2,889	7,068

a) Reconciliation ofne	t inc	om	e to net cash	inflow from operating ac	tivities
					2021	2020
					g'000	g'000
Net income					6,232	15,044
Unrealised losses/(gains)	on	investment			(45)	30
Investment income					(160)	(285)
Release ofcapital grants					(991)	(1,021)
Interest charge					3,546	3,730
Profit on sale ofRetirement		Living Housing			5,161	(5,862)
Depreciation charges					12,695	13,725
Amortisation					(629)	166
Impairment offixed assets					5,171	295
Defined benefit scheme	pension		contributions	paid in the year	(1,660)	(1,792)
Defined benefit scheme	pension		cost charged	in the year	121	242
Increase in debtors					1,234	(359)
(Decrease)/increase in creditors			and provisions		(9,824)	(5,361)
Net cash provided by operating			activities		20,851	18,552

								2021	2020
								f'000	0'000
Increase in	cash and cash equivalents							18,571	4,124
Cash movement		in borrowings						2,036	3,756
Change in	net	funds resulting	from	cash flows				20,607	7,880
Change in	net	funds resulting	from	non-cash		llows			(132)
Movement	in	net debt
Net debt as	at	1 April						(51,979)	(59,727)
Net debt as	at 31 March							(31,372)	(51,979)
c)i) Analysis		ofchanges in net	debt	(current	year)
								Non-cash	31March
				1 April		2020	Cash flow	changes	2021
					f'000		f'000	f'000	f'000
Cash at bank and in hand					45,735		18,571		64,306
Loans due	within one year			(2,035)			2,036	(1,783)	(1,782)
Loans due	afler more than one			(95,679)				1,783	(93,896)
year
				(51,979)			20,607		(31,372)

				Non-cash	31March
		1April 2019	Cash liow	changes	2020
		f'000	f'000	f'000	f'000
Cash	at bank and in hand	41,611	4, 124		45,735
Loans	due within one year	(2,241)	2,034	(1,828)	(2,035)
Loans	due atter more than one	(99,097)	1,722	1,696	(95,679)
year
		(59,727)	7,880	(132)	(51,979)

		2021	2020
		0'000	g'000
Assets		72,188	71,808
Liabilities		(21,114)	(22,505)
Funds		51,074	49,303
Incoming	resources	6,940	6,618
Resources	expended	(5,169)	(5,170)
Movement	in funds	1,771	1,448

		2021	2020
		g'000	0'000
Assets		34,898	33,288
Liabilities		(38,413)	(36,627)
Funds		(3,515)	(3,339)
Incoming	resources	7,347	9,801
Resources	expended	(7,523)	(9,383)
Movement	in funds	(176)	418

		2021	2020
		g'000	g'000
Transactions
Pension scheme	- Defined benefit	1,660	1,769
		1,660	1,769
		2021	2020
		K'000	g'000
Balances
Pension scheme	—Defined benefit

29. Statement ofFinancial Activities	29. Statement ofFinancial Activities	29. Statement ofFinancial Activities	29. Statement ofFinancial Activities	for prior	year
					Unrestricted	Restricted	Endowment
				Note(s)	Funds	Funds	Funds	2020
					f'000	f'000	f'000	f'000
Income and endowments			from:
Donations and legacies					1,576	2,643		4,219
Charitable activities
Homes					200,673	180		200,853
Retirement Living					41,498	35		41,533
Live at Home					16	3,250		3,266
Other					1,082			1,082
Total charitable activities				3/6	243,269	3,465		246,734
Investments				4	257	20	8	285
Total					245,102	6,128	8	251,238
Expenditure on:
Raising funds					714			714
Charitable activities
Homes					186,733	1,449		188,182
Retirement Living					38,633	220		38,853
Live at Home					1,556	4,359		5,915
Other					1,927	3	1	1,931
Total charitable activities					228,849	6,031	1	234,881
Other					569			569
Total					230,132	6,031	1	236,164
Net (losses) on investments					(1)	(47)	18	(30)
Net income					14,969	50	25	15,044
Transfer between	funds				(8)	8
Other recognised	gains/(losses):
Actuarial gains on pension schemes	defined		benefit	25	1,965			1,965
Other losses —interest rate			swaps		(1,371)			1,371
Net movement in	funds				15,555	58	25	15,638
Reconciliation offunds:
Total funds brought		forward			261,618	24 277	995	286,890
Total funds carried		forward			277,173	24,335	1,020	302,528