2021-03-31-accounts - Amica Care Trust

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			Page
Reference and Administrative Details
Trustees' Report (including Directors'		Report and Strategic Report)
Statement of	Trustees' Responsibilities		12
Independent	Auditors' Report
Consolidated	Statement of Financial	Activities	17
Balance Sheets			18
Consolidated	and Cash flow Statement		19
Notes to the	Financial Statements		20-31

Trustees:				Mr J Baker
				Mr G Briscoe
				Mr SCorrick
				Mrs V Crow
				Mr W Dalton
				DrJ Darongkamas
				Mr A Ladd
				Mr A Rawicz-Szczerbo
				Mr JWhittaker
Charity Number:				1084054
Company	Number:			04071304
Principal Address		and Registered	Office:	Gatchell House
				Gatchell Oaks
				Trull
				Taunton
				Somerset
				TA3 7EG
Auditors:				Albert Goodman	LLP
				Chartered Accountants
				Goodwood House
				Blackbrook Park Avenue
				Taunton
				Somerset
				TA1 2PX
Bankers:				Santander UK pic			Lloyds TSBBank Pic
				Milford House			31 Fore Street
				Pynes Hill			Taunton
				Exeter			Somerset
				Devon EX25™			TA1 1HN
Solicitors:				Royds Withy King
				5-6 Northumberland		Buildings
				Queen Square
				Bath
				BA1 2JE
				Stone King			Clarke Willmott	LLP
				13Queen Square			Blackbrook Gate
				Bath			Blackbrook Park Avenue
				BA1 2HJ			Taunton
							TA1 2PG

ontinued t	o meet all	their require	ments to	a high standard	.
Home		Date	Safe	Effective	Caring	Responsive	Well Led	Overall Rating
Exmouth	House	10/02/20	Good	Good	Outstandin	Outstan din	Good	Outstan din
Housman	Court	04/12/18	Good	Good	Good	Good	Good	Good
The Orchards		13/03/18	Good	Good	Good	Good	Good	Good
Si nature	House	17/06/19	Good	Good	Good	Good	Good	Good
StJohns	Court	12/08/19	Good	Good	Outstandin	Outstandin	Outstandin	Outstandin

			Unres-	Res-	2021	Unres-	Res-	2020
		Notes	tricted	tricted	Total	tricted	tricted	Total
Income:
Charitable activities			8,647,185		8,647,185	8,562,754		8,562,754
Other trading activities
Investment income			6,556		6,556	9,632		9,632
Other income			299,814		299,814	325,962		325,962
Donations and legacies			10	422,912	422,922	6,782	3,000	9,782
Total income		2	8,953,565	422,912	9,376,477	8,905,130	3,000	8,908,130
Expenditure:
Charitable activities			9,038,777	377,592	9,416,369	8,915,380	3,000	8,918,380
Other trading activities						131		131
Total expenditure		4	9,038,777	377,592	9,416,369	8,915,511	3,000	8,918,511
Net income I			(85,212)	45,320	(39,892)	(10,381)		(10,381)
(expenditure)
Surplus on revaluation	of
land and buildings						910,484		910,484
Transfer between funds			45,320	(45,320)
Net movement in
funds for the year			(39,892)		(39,892)	900,103		900,103
Reconciliation offunds
Total funds brought			14,279,290		14,279,290	13,379,187		13,379,187
forward
Total funds carried		12	14,239,398		14,239,398	14,279,290		14,279,290
forward

			2021
			Group	Charity	Group	Charity
		Notes
Fixed assets
Tangible fixed assets		8	13,059,045	13,059,045	13,236,200	13,236,200
Investments		9		1		1
			13,059,045	13,059,046	13,236,200	13,236,201
Current assets
Debtors		10	446,211	446,211	409,681	409,681
Cash at bank and	in hand		1,401,091	1,401,091	1,293,646	1,265,264
			1,847,302	1,847,302	1,703,327	1,674,945
Liabilities
Creditors falling due within one year		11	(666,949)	(666,949)	(660,237)	(631,855)
Net current assets/(liabilities)			1,180,353	1,180,353	1,043,090	1,043,090
Amounts falling due after more
than one year
Total net assets			14,239,398	14,239,399	14,279,290	14,279,291
The funds ofthe charity
Unrestricted funds		12	13,929,005	13,929,006	13,962,562	13,962,563
Revaluation reserve		12	310,393	310,393	316,728	316,728
Restricted funds		12
Total charity funds			14,239,398	14,239,399	14,279,290	14,279,291


			Group	Charity	Group	Charity
		Notes
Cash flows from operating activities
Net movements in funds for the year			(39,892)	(39,892)	900,103	944,986
Adjustments to cash flows from non-cash		items:
Depreciation and amortisation		8	397,119	397,119	376,613	376,613
Loss on disposal oftangible fixed assets		8	468	468	458	458
Surplus on revaluation of land	and buildings	8			(910,484)	(910,484)
			357,695	357,695	366,690	411,573
Working capital adjustments
(Increase)/decrease in debtors		10	(36,530)	(36,530)	(77,819)	(87,831)
Increase/(decrease) in creditors		11	6,712	35,094	(16,563)	340
Net cash flow from operations			327,877	356,259	272,308	324,082
Cash flows from investing activities
Acquisitions oftangible assets		8	(220,432)	(220,432)	(194,006)	(194,006)
			(220,432)	(220,432)	(194,006)	(194,006)
Net increase in cash and cash			107,445	135,827	78,302	130,076
equivalents
Cash and cash equivalents at	the		1,293,646	1,265,264	1,215,344	1,135,188
beginning ofthe reporting period
Cash and cash equivalents at	the end of		1,401,091	1,401,091	1,293,646	1,265,264
the reporting period
Cash &Cash equivalents reconciliation:
Cash at bank			1,401,091	1,401,091	1,293,646	1,265,264
Total cash &cash equivalents	at the end		1,401,091	1,401,091	1,293,646	1,265,264
ofthe reporting period

Income
			Unres-	Res-		Unres-	Res-
			tricted	tricted	2021	tricted	tricted	2020
			funds	funds	Total	funds	funds	Total
Donations and	legacies
Exceptional grant
funding: Covid-19				416,912	416,912
Grant income				6,000	6,000		3,000	3,000
Donations			10		10	6,782		6,782
			10	422,912	422,922	6,782	3,000	9,782
Charitable activities
Home fees			8,647,185		8,647,185	8,562,754		8,562,754
Investment income
Bank interest			6,556		6,556	9,632		9,632
Other income
Flat income			227,970		227,970	225,583		225,583
Sales commission			42,961		42,961	42,848		42,848
Other income			28,883		28,883	57,531		57,531
			299,814		299,814	325,962		325,962
			8,953,565	422,912	9,376,477	8,905,130	3,000	8,908,130
Net movement	in funds
Net movements	in funds	is	stated after charging
			Charity		Subsidiary		Total
			2021	2020	2021	2020	2021	2020
Depreciation			397,586	377,071			397,586	377,071
Auditors' remuneration		for:
Current auditors
Audit services			9,650	7,450			9,650	7,450
Other services			1,930	3,107		100	1,930	3,207
Operating lease	expense		118,633	157,376			118,633	157,376
Interest payable				6				6
Total expenditure
				Other			Other
			Staff	direct	2021	Staff	direct	2020
			costs	costs	Total	costs	costs	Total
								K
Charitable activities
Operation ofcare
homes		7,247,973		2,168,396	9,416,369	6,744,166	2,174,214	8,918,380

Other direct c	osts —o	peration ofcare	home
		Unres-	Res-		Unres-	Res-
		tricted	tricted	2021	tricted	tricted	2020
		fundsf	funds	Total	funds	funds	Total
Food and other
consumables		578,482		578,482	566,553		566,553
Establishment	costs	936,073		936,073	917,132		917,132
Administration	costs	256,255		256,255	313,452		313,452
Loan interest					6		6
Depreciation		397,586		397,586	377,071		377,071
		2,168,396		2,168,396	2,174,214		2,174,214

		2021	2020
Care		233	241
Domestic		63	59
Maintenance		10	10
Administration		29	27
		335	337
Employment	costs	2021	2020
Wages and salaries		5,796,127	5,371,267
Social security	costs	413,214	367,835
Other pension	costs	187,651	175,262
Other staff costs		850,981	829,802
		7,247,973	6,744,166

The number ofemployees	whose annual	emoluments	were f60,000 or more were:
				2021	2020
F70,001 - 680,000				1	1

Tangible fix	ed ass	ets —group	and charity
					Freehold		Fixtures,	Total
					land and		fittings and
					buildings		equipment
Cost
At 1 April 2020					12,808,154		2,142,260	14,950,414
Additions							220,432	220,432
Disposals							(651)	(651)
Revaluation
At 31 March 2021					12,808,154		2,362,041	15,170,195
Depreciation
At 1 April 2020							1,714,214	1,714,214
Charge for	the year				237,474		159,645	397,119
Eliminated	on disposals						(183)	(183)
Revaluation
At 31 March 2021					237,474		1,873,676	2,111,150
Net book value
At 31 March 2021					12,570,680		488,365	13,059,045
At 31 March 2020					12,808,154		428,046	13,236,200
The freehold	land and buildings		class of fixed assets was		revalued in December		2019 by Christie	& Co who are
regulated by	RICS and external		to the company.	The basis of this valuation		was	open market value	based on the
existing use,	which	in the case	of the care homes	is as fully-equipped operational			entities with due	regard to their
trading potential.
Comparable	historical cost for the land and buildings				included at valuation:
							2021	2020
Cost							12,415,227	12,415,227
Accumulated	depreciation						(3,224,066)	(3,068,073)
							9,191,161	9,347,154

Investments
				2021	2020
				Total	Total
SRT Signature		House Limited (Company	number 07216985)
Ordinary	shares ofF1 each

A summary ofthe trading results is shown below:
	2021	2020
Turnover		107
Cost ofsales
Gross profit		107
Administrative expenses		(131)
Operating profit (loss)		(24)
Interest receivable		24
Profit (loss) before tax
Gift aid to Arnica Care Trust		(44,882)
Retained in subsidiary		(44,882)
The assets and liabilities were:
Current assets		28,382
Current liabilities		(28,381)
Total net assets (liabilities)
Called up share capital
Profit and loss reserve
Total equity

Debtors
				2021		2020
			Group		Charity	Group	Charity
Trade debtors			267,994		267,994	238,745	238,745
Prepayments		and accrued income	160,065		160,065	146,007	146,007
Amounts	owed by group undertakings		18,152		18,152	24,929	24,929
			446,211		446,211	409,681	409,681

Creditors: Amounts falling due w	ithin one year
		2021		2020
	Group		Charity	Group	Charity
Trade creditors	223,596		223,596	249,615	221,233
Other creditors	228,491		228,491	183,305	183,305
Accruals	214,862		214,862	227,317	227,317
	666,949		666,949	660,237	631,855

Statement	offunds
				Opening		Incoming		Resources			Closing
				balance		resources		expended	Transfers		balance
2021 Unrestricted		funds		—Group and Charity
General				13,962,562		8,953,565		(9,038,777)		51,655	13,929,005
Revaluation	reserve			316,728						(6,335)	310,393
				14,279,290		8,953,565		(9,038,777)		45,320	14,239,398
The general	fund represents the free reserves after allowing						for	all designated	funds.
The revaluation reserve			is the cumulative		value	of the increase		in the carrying	amount	of the land	and buildings
above cost,	as a result		ofthe revaluations.
				Opening		Incoming		Resources			Closing
				balance		resources		expended	Transfers		balance
2021 Restricted funds			—Group and Charity
Government	grant
funding						416,922		(377,602)	(39,320)
Other grant	funding					6,000				(6,000)
						422,922		(377,602)	(45,320)

purchase of	an inter	active activity table, and was	fully expensed	in the year.
Comparative
		Opening	Incoming	Resources		Closing
		balance	resources	expended	Transfers	balance
2020 Unrestricted		funds —Group and Charity
General		12,626,359	8,905,130	(8,915,511)	1,346,584	13,962,562
Revaluation	reserve	752,828			(436,100)	316,728
		13,379,187	8,905,130	(8,915,511)	910,484	14,279,290
		Opening	Incoming	Resources		Closing
		balance	resources	expended	Transfers	balance
2020 Restricted funds —Group and Charity
Grant funding			3,000	(3,000)

Analysis of	net assets	between funds —Group
		Tangible	Cash at	Other net	Creditors
		fixed	bank and	current	more than
		assets	in hand	liabilities	one year	Total
		K		K		K
Unrestricted	funds	13,059,045	1,401,091	(220,738)		14,239,398
Restricted funds
At 31 March	2021	13,059,045	1,401,091	(220,738)		14,239,398
Comparative
		Tangible	Cash at	Other net	Creditors
		fixed	bank and	current	more than
		assets	in hand	liabilities	one year	Total
Unrestricted	funds	13,236,200	1,293,646	(250,556)		14,279,290
Restricted funds
At 31 March	2020	13,236,200	1,293,646	(250,556)		14,279,290

		2021	2020
		Total	Total
Expiry	date:
Within	one year	141,751	117,734
Within	two and five years	221,407	49,451
More	than five years
		363,158	167,185

The grou	p and	charity tr	ansactio	ns with the subsid	iaries that are	not con	solidated:
						2021		2020
					Group		Charity	Group	Charity
Income	for management		services		173,772		173,772	164,652	164,652
Service	charges	paid re	empty	properties	9,191		9,191	8,302	8,302
Amounts	owed	from subsidiary		at year end	18,152		18,152	24,929	24,929

Financial	instruments
Categorisation offinancial		instruments			2021	2020
				Group	Charity	Group	Charity
Financial	assets that are debt	instruments
measured	at amortised cost			1,728,982	1,728,982	1,583,391	1,555,009
Financial	liabilities measured	at amortised	cost	504,326	504,326	522,788	494,406
Item of income, expenditure,		gain or losses
				Income	Expense	Net gains	Net losses
2021 Group and Charity
Financial	assets that are debt	instruments
measured	at amortised cost			6,556	(2,244)	4,312
Financial	liabilities measured	at amortised	cost
				6,556	(2,244)	4,312
Comparative				Income	Expense	Net gains	Net losses
2020 Group and Charity
Financial	assets that are debt	instruments
measured	at amortised cost			9,608	(2,422)	7,186
Financial	liabilities measured	at amortised	cost		(6)		(6)
				9,608	(2,428)	7,186	(6)