||||||Page(s)|
|---|---|---|---|---|---|
|Board ofDirectors'<br>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|





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|xtent f2,286,000 <br>Protective Personal|(2020: nil) from the Furlough<br>sc<br>Equipment<br>(PPE). These monies|(2020: nil) from the Furlough<br>sc<br>Equipment<br>(PPE). These monies|(2020: nil) from the Furlough<br>sc<br>Equipment<br>(PPE). These monies|heme<br>and from the Gov<br> are accounted<br>for within|ernment<br>provis<br> Charitable<br>inc|
|---|---|---|---|---|---|
|Key Performance|Indicators for the group|||||
|||||2020/21|2019/20|
|||||Actus If'000|Actual g'000|
|Total income||||242,998|251,238|
|Operating<br>costs excluding exceptional costs||||231,141|235,646|
|Exceptional costs||||5,670|518|
|Surplus<br>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<br>services||||11,587|12,220|
|Occupancy||||||
|Care Homes||||78%|92%|
|Retirement<br>Living||||90%|91%|
|Cost offundraising|to|voluntary|income|13%|17%|



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|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<br>and legacies|||2.a|2,295|2,919||5,214|4,219|
|Charitable<br>activities|||||||||
|Homes||||181,783|14,425||196,208|200,853|
|Retirement<br>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<br>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<br>on:|||||||||
|Raising funds||||672|||672|714|
|Charitable<br>activities|||||||||
|Homes||||173,405|15,091||188,496|188,182|
|Retirement<br>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<br>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<br>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<br>(loss)/gain<br>on defined<br>benefit pension schemes|||25.|(1,539)|||(1,539)|1,965|
|Other —interest<br>rate <br>gains/(losses)||swaps|18.|1,068|||1,068|(1,371)|
|Net movement<br>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<br>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<br>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<br>due within one year|falling|17.|(36,791)|(2,339)||(39,130)|(43,056)|
|Net current<br>assets/(liabilities)|||30,788|7,725|250|38,763|17,500|
|Total assets less current<br>liabilities|||439,260|24,179|1,013|464,452|466,799|
|Creditors: Amounts<br>falling<br>due after more than one year||18.|(114,913)|||(114,913)|(119,135)|
|Provisions<br>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<br>scheme liability||25.||||||
|Total net assets|||283,097|24,179|1,013|308,289|302,528|
|Funds||||||||
|Endowment<br>funds||22.a|||1,013|1,013|1,020|
|Restricted income funds||23.a||24,179||24,179|24,335|
|Unrestricted<br>income <br>General<br>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<br>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<br>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<br>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<br>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<br>liabilities|||358,747|24,128|1,013|383,888|386,117|
|Creditors: Amounts<br>falling due<br>sacr more than one year||18.|(95,565)|||(95,565)|(98,498)|
|Provisions<br>for liabilities||19.a|(27,594)|||(27,594)|(31,056)|
|Total net assets before defined<br>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<br>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<br>income <br>General<br>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<br>activities|||26a||20,851||18,552|
|Cash flow from investing<br>activities:||||||||
|Investment<br>income||||160||285||
|Purchase oftangible<br>fixed assets||||(2,778)||(18,850)||
|Purchase ofIntangible<br>fixed assets||||||||
|Purchase ofInvestment||||||(29)||
|Proceeds from the sale oftangible<br>fixed assets||||5,998||11,499||
|Net cash generated<br>(outflow) investing|activities||||3,380||(7,095)|
|Cash flow from financing<br>activities:||||||||
|Interest paid and similar charges||||(3,490)||(3,578)||
|Repayments<br>ofborrowings||||(2,170)||(3,755)||
|Net cash outflow financing<br>activities|||||(5,660)||(7,333)|
|Net change in cash and cash equivalents|||||18,571||4,124|
|Cash and cash equivalents<br>at the beginning||ofthe year|||45,735||41,611|
|Cash and cash equivalents<br>at the end ofthe||year|||64,306||45,735|





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||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<br>Charita|ble<br>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<br>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|





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||||Unrestricted<br>Restricted|Unrestricted<br>Restricted|Endowment|Endowment||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds<br>Funds||Funds<br>Total|||Total|
|||||0'000<br>f'000||f'000<br>f'000|||f'000|
|Investment<br>securities —UK||||6|||7|13|18|
|Bank and deposit interest||||128<br>19||||147|267|
|||||128<br>25|||7|160|285|
|4.b Investments|(prior year)|||||||||
||||Unrestricted<br>Restricted||Endowment|||2020|2019|
|||||Funds<br>Funds||Funds||Total|Total|
|||||f'000<br>f'000||f'000||f'000|f'000|
|investment<br>securities —UK||||11|||7|18|16|
|Bank and deposit|interest|||257<br>9|||1|267|145|
|||||257<br>20|||8|285|161|
|5.<br>Analysis ofexpenditure||||||||||
|5.a Analysis ofexpenditure||(current year)||||||||
|||||Retirement|MHA|||2021|2020|
||||Homes|Living<br>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<br>housing<br>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<br>items||8|1,901|3,269|||500|5,670|518|
|Allocated<br>costs/(income)|||11,902|1,973|334|(14,209)||||
|Governance<br>costs||7.a|||||916<br>569<br>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<br>f'000|Living<br>f'000|Communities<br>f'000|Other<br>f'000|Total<br>f'000|Total<br>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<br>housing<br>cost ofsales|||5,686||134|5,820|8,949|
|Depreciation<br>13.b||8,228|4,836|6|655|13,725|13,490|
|Amortisation<br>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<br>items|||||518|518|2,174|
|Allocated<br>costs((income)||13,315|2,286|388|(15,989)|||
|Governance<br>costs|7.b||||569|569|576|
|Total expenditure||188,182|38,853|5,915|3,214|236,164|235,980|





## 

## 

|6.a<br>Summary<br>analysis ofexpenditure<br>and|6.a<br>Summary<br>analysis ofexpenditure<br>and|6.a<br>Summary<br>analysis ofexpenditure<br>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<br>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<br>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<br>on charitable||activities||||||
|Staffcosts||(113,635)|(15,112)|(3,606)|(11,803)|(144,156)|(142,401)|
|Operational<br>costs||(61,058)|(17,300)|(1,090)|(5,949)|(85,397)|(91,962)|
|Allocated<br>(costs)/income||(11,902)|(1,973)|(334)|14,209|||
|Exceptional<br>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)<br>from<br>charitable<br>activities 2021|||(1,223)|(1,891)|(2,197)|2,401||
|Total surplus/(deficit)<br>from<br>charitable<br>activities 2020|||2,680|(2,649)|(849)||11,853|





## 

|6.b<br>Summary<br>analysis|6.b<br>Summary<br>analysis|6.b<br>Summary<br>analysis|of|expenditure|and related income|and related income|for charitable<br>activities (prior year)|for charitable<br>activities (prior year)|for charitable<br>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<br>(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|||||||||||



## 



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## 

|7.<br>Analysis ofgovernance|7.<br>Analysis ofgovernance|7.<br>Analysis ofgovernance|and support costs (|continued)||||
|---|---|---|---|---|---|---|---|
|7.a<br>Analysis ofgovernance|||and support costs|(current year)||||
||||Support<br>Costs<br>f'000|Governance<br>Costs<br>f'ooo|2021<br>Total<br>f'000|2020<br>Total<br>f'000|Basis of<br>allocation|
|Employment<br>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<br>Analysis ofgovernance|||and support costs|(prior year)||||
||||Support<br>Costs<br>f'000|Governance<br>Costs<br>f'000|2020<br>Total<br>000|2019<br>Totai<br>f'000|Basis of<br>allocation|
|Employment<br>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<br>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<br>cancellable<br>operating<br>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<br>number<br>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<br>earned over f60,000 in the year ex<br>ands;|cluding<br>pension<br>contribution<br>within<br>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<br>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<br>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<br>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<br>Intangible<br>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<br>buildings|land snd<br>buildings|Freehold<br>land snd|Leasehold<br>land snd|equipment<br>and|Assets in the<br>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<br>the year|during||1,153||1,512||449|2,326|5,440|
|Completions<br>during<br>the year|||6,315||3,971||568|(11,553)|(699)|
|Disposais <br>the year|during||(7,337)||(4,241)||(120)||(11,698)|
|Impairment<br>during<br>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<br>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<br>at|at|buildings|buildings|vehicles at|construction||
||valuation<br>8'000|valuation<br>K'000|at cost<br>8'000|at cost<br>f'000|cost<br>8'000|at cost<br>f'000|Total<br>g'000|
|Cost / valuation||||||||
|I April 2019|275,046|37,672|179,790|9,832|30,610|675|533,625|
|Additions<br>during<br>the year|1,825||3,334||1,026|10,710|16,895|
|Completions<br>during<br>the year|||||(8)||(8)|
|Disposals<br>during<br>the year|||(6,189)||(77)||(6,266)|
|Impairment<br>during<br>the year||||||(295)|(295)|
|Transfer between||||||||
|category<br>/|(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<br>restated|266,544|37,671|189,508|7,019|32,191|11,018|543,951|
|Accumulated||||||||
|depreciation<br>/||||||||
|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<br>/|(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<br>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<br>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<br>buildings|land and<br>buildings|Freehold<br>land and|Leasehold<br>land and|equipment<br>and|Assets in the<br>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<br>Living|||157,561|5,948|2,238|2,775|168,522|
|Support<br>offices|226,805|30,143|2,487<br>367<br>160,0485,94813,757|||2,269<br>11,018|5,123<br>447,719|





## 

## 

||||Care|Care||||||
|---|---|---|---|---|---|---|---|---|---|
||||Homes:|Homes:||||||
||||Freehold|Leasehold|Other:|Other:|Furniture,|||
|Company|||land and<br>buildings|land and<br>buildings|Freehold<br>land and|Leasehold<br>land and|equipment<br>and|Assets in the<br>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<br>the year|during||1,089||949||292|2,148|4,478|
|Completions<br>during<br>the year|||5,583||2,044||513|(8,839)|(699)|
|Disposals<br>the year|during||(7,337)||(3,902)||(120)||(11,359)|
|Impairment<br>during<br>the|year||(2,027)||(3,354)||(154)||(5,535)|
|Transfer||||||||||
|between<br>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<br>category<br>/|||(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<br>K'000|valuation<br>0'000|at cost<br>Z000|at cost<br>g'000|cost<br>K'000|at cost<br>0'000|Total<br>f'000|
|Cost / valuation||||||||
|I April 2019|246,021|37,672|110,192|2,952|25,698|599|423,134|
|Additions<br>during<br>the year|1,745||2,492||904|8,178|13,319|
|Completions<br>during<br>the year|||||(8)||(8)|
|Disposals<br>during<br>the year|||(4,226)||(23)||(4,249)|
|Impairment<br>during<br>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$96|
|Restatement|5,863|9,304|6,213|3,385|613|||
|31March 2020<br>restated|244,386|37,671|114,114|139|27,104|8,482|431,896|
|Accumulated||||||||
|depreciation<br>/||||||||
|impairment||||||||
|I April 2019|32,743|6,627|14,889|21|13,283||67,563|
|Charge for the|5,093|864|2,221||2,637||10,815|
|year||||||||
|Impairment||||||||
|On disposals|||(374)||(24)||(39$)|
|Transfer between||||||||
|category<br>/|(624)|626|(53)|28|(2)||(25)|
|company||||||||
|31March 2020|37212|8117|16683|49|15894||77955|
|Restatement|330|589|590|26|305|||
|31March 2020<br>restated|37,542|7,528|17,273|23|15,589||77,955|
|Net book value<br>31March 2020|201,311|38,858|912183475||10597|8,482|353,941|
|Restatement|5,533|(8,715)|5,623|(3,359)|918|||
|31March 2020<br>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<br>buildings|land and<br>buildings|Freehold<br>land and|Leasehold<br>land snd|equipment<br>and|the course<br>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<br>Living|||86,984|113|310|28|87,435|
|Support<br>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<br>buildings|land and<br>buildings|Freehold<br>land and|Leasehold<br>land and|equipment<br>still|the course<br>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<br>Living|||94,354|116|290|902|95,662|
|Support<br>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<br>during the year||||||29|
|Net (loss)/gain<br>on|revaluation||57|(12)|45|(30)|
|31 March 2021||88|508|764|1,360|1,315|
|The securities represent:|||||||
|Methodist<br>Church|Central||||||
|Finance Board:|||||||
|Equity fund units|||400||400|342|
|Fixed interest<br>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<br>during<br>the year||29|||29|100|
|Net gain/(loss)<br>on|revaluation||(48)|18|(30)|36|
|31 March 2020||88|451|776|1,315|1,316|
|The securities represent:|||||||
|Methodist<br>Church|Central||||||
|Finance Board:|||||||
|Equity fund units|||342||342|392|
|Fixed interest<br>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<br>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.<br>Creditors: Amounts<br>falling due after more than one year|18.<br>Creditors: Amounts<br>falling due after more than one year|18.<br>Creditors: Amounts<br>falling due after more than one year|18.<br>Creditors: Amounts<br>falling due after more than one year||||
|---|---|---|---|---|---|---|
||||Group||Company||
||||2021|2020|2021|2020|
||||g'000|g'000|K'000|g'000|
|Derivative|financial<br>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<br>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<br>K'000|transactions<br>f'000|for year<br>f'000|provision<br>F000|provision<br>g'000|2021<br>f'000|
|Group||||||||||
|Guarantee<br>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<br>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<br>in securities||||||||||15|1,360|1,315|
|Financial<br>liabilities||measured||at amortised||cost:|||||||
|Trade creditors||||||||||17|(4,898)|(3,754)|
|Accruals|||||||||||(6,347)|(9,446)|
|Loans (including<br>interest)|||||||||17/18||(95,679)|(97,716)|
|Other creditors|||||||||||(14,699)|(13,725)|
||||||||||||(121,623)|(124,641)|
|Financial<br>liabilities||measured||at fair value||through||statement offinancial||activities|||
|Derivative<br>financial||instruments||||||||18|(4,938)|(6,006)|
|Company|||||||||||||
|The Company<br>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<br>in securities||||||||||15|1,360|1,315|
|Financial<br>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<br>liabilities||measured||at fair value||through||statement offinancial||activities:|||
|Derivative<br>financial||instruments||||||||)8|(4938)|(6,006)|
|||||||||||||75|





## 

## 

## 

## 

## 

## 

## 

||||M|oveme|nt<br>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<br>Company||f'000||f'000||f'000|f'000|f'000|f'000|f'000|
|H D Clarke<br>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<br>Company||f'000||f'000||f'000|f'000|f'000|f'000|f'000|
|H D Clarke<br>Memorial||928||||(I )|18|||952|
|Redcroft<br>Residential|Home||67|||||||68|
||||995||8|(1)|18|||1,020|





## 

|23.a<br>Restricted income funds|23.a<br>Restricted income funds|23.a<br>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 <br>grant|Fund||192|(192)|||||
|MHA<br>Communities||3,048|4,680|(4,838)||60|(31)|2,919|
|Amenity<br>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 <br>grant||Fund||211|(211)|||||
|MHA<br>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<br>|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 <br>grant||Fund||192|(192)|||||
|MHA<br>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<br>Restrict<br>Movement<br>in <br>|ed income <br> 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<br>Living|5,050||(141)|||1|4,910|
|Big Lottery<br>Fund grant||211|(211)|||||
|MHA<br>Communities|2,190|5,022|(4,164)||(6)|6|3,048|
|Amenity<br>funds|1,652||(493)|||(33)|1,779|
||24,271|6,099|(5,999)|(47)||(25)|24,299|





## 

## 

## 

|||Restricted Income<br>Funds|Endowment<br>Funds|Unrestricted|Income<br>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<br>Fun|ds (prior year)||||||||
|---|---|---|---|---|---|---|---|---|
|||Restricted Income<br>Funds|Endowment<br>Funds||Unrestricted||Income<br>Fund|Total|
|||f'000||f'000|||f'000|f'000|
|Group|||||||||
|At<br>1 April|2019|24,277||995|||261,618|286,890|
|Surplus<br>for the year||50||25|||14,969|15,044|
|Actuarial|gain||||||1,965|1,965|
|Deficit on <br>swaps|interest rate||||||(1,371)|(1,371)|
|Transfers|||||||(8)||
|At 31 March 2020||24,335||1,020|||277,173|302,528|
|24.c<br>Funds (current year)|||||||||
|||Restricted<br>Illcome<br>F<br>d|Endowment<br>F<br>un<br>s||Merger<br>Reserve|Unrestricted<br>Income<br>Fund||Total|
|||f'000|f'000||f'000||f'000|f'000|
|Company|||||||||
|At<br>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<br>Income Funds|Endowment<br>Funds|Merger<br>Reserve|Unrestricted<br>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)<br>the year||for|53|25||13,105|13,183|
|Actuarial|gain|||||1,965|1,965|
|Deficit on <br>rate swaps|interest|||||(1,371)|(1,371)|
|Transfer of<br>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<br>improvement<br>of||with a minimum<br>improvement<br>of|with a minimum<br>improvement<br>of|with a minimum<br>improvement<br>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<br>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)<br>in the scheme|||1,481|3,789|
|Effect ofasset ceiling|||(1,481)|(3,789)|
|Net pension|asset((liability)|under FRS102|||



## 

|Analysis ofamounts<br>charged to net incoming<br>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.<br>Pensions and Similar Obligations|25.<br>Pensions and Similar Obligations|25.<br>Pensions and Similar Obligations|(continued)|(continued)||
|---|---|---|---|---|---|
|Analysis ofamount<br>recognised||as Actuarial||gain/(loss)||
|||||2021|2020|
|||||g'000|f'000|
|Actuarial<br>(loss)/gain<br>recognised||||||
|in the Consolidated<br>Statement||||(1,539)|1,965|
|ofFinancial Activities||||||
|Total (charge)/credit<br>to||||||
|Consolidated<br>Statement|of|||(1,555)|1,723|
|Financial Activities||||||
|Cumulative<br>actuarial|losses||(11,466)||(9,927)|
|Statement ofFinancial||||2021|2020|
|Position impact||||g'000|g'000|
|Present value offunded<br>obligations|||(63,766)||(59,577)|
|Fair value ofscheme assets||||65,247|63,366|
|Surplus/(deficit)<br>in the <br>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<br>defined benefit<br>obligation||||59,577|59,946|
|Interest cost||||1,341|1,418|
|Actuarial<br>(gain)/loss||||5,395|(39)|
|Net benefits paid||||(2,547)|(1,748)|
|Closing defined benefit<br>obligation||||63,766|59,577|
|||||2021|2020|
|Changes in fair value <br>plan assets|of|||f'000|K'000|
|Opening<br>fair value ofplan<br>assets||||63,366|56,431|
|Interest Income||||1,446|1,353|
|Actuarial<br>gain||||1,443|5,715|
|Contributions<br>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<br>ofne|t inc|om|e to net cash|inflow from operating<br>ac|tivities||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||g'000|g'000|
|Net income|||||6,232|15,044|
|Unrealised<br>losses/(gains)|on|investment|||(45)|30|
|Investment<br>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<br>charges|||||12,695|13,725|
|Amortisation|||||(629)|166|
|Impairment<br>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<br>in creditors|||and provisions||(9,824)|(5,361)|
|Net cash provided<br>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<br>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.<br>Statement ofFinancial Activities|29.<br>Statement ofFinancial Activities|29.<br>Statement ofFinancial Activities|29.<br>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<br>and legacies|||||1,576|2,643||4,219|
|Charitable<br>activities|||||||||
|Homes|||||200,673|180||200,853|
|Retirement<br>Living|||||41,498|35||41,533|
|Live at Home|||||16|3,250||3,266|
|Other|||||1,082|||1,082|
|Total charitable<br>activities||||3/6|243,269|3,465||246,734|
|Investments||||4|257|20|8|285|
|Total|||||245,102|6,128|8|251,238|
|Expenditure<br>on:|||||||||
|Raising funds|||||714|||714|
|Charitable<br>activities|||||||||
|Homes|||||186,733|1,449||188,182|
|Retirement<br>Living|||||38,633|220||38,853|
|Live at Home|||||1,556|4,359||5,915|
|Other|||||1,927|3|1|1,931|
|Total charitable<br>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<br>gains on <br>pension schemes|defined||benefit|25|1,965|||1,965|
|Other losses —interest rate|||swaps||(1,371)|||1,371|
|Net movement<br>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|



##