## 



||||Page|
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Trustees'<br>Report (including<br>Directors'||Report and Strategic Report)||
|Statement<br>of|Trustees'<br>Responsibilities||12|
|Independent|Auditors'<br>Report|||
|Consolidated|Statement<br>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<br>Accountants|||||
|||||Goodwood<br>House|||||
|||||Blackbrook Park Avenue|||||
|||||Taunton|||||
|||||Somerset|||||
|||||TA1 2PX|||||
|Bankers:||||Santander<br>UK pic|||Lloyds TSBBank Pic||
|||||Milford House|||31 Fore Street||
|||||Pynes<br>Hill|||Taunton||
|||||Exeter|||Somerset||
|||||Devon<br>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||





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|ontinued<br>t|o meet all|their require|ments<br>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|



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||||Unres-|Res-|2021|Unres-|Res-|2020|
|---|---|---|---|---|---|---|---|---|
|||Notes|tricted|tricted|Total|tricted|tricted|Total|
|Income:|||||||||
|Charitable<br>activities|||8,647,185||8,647,185|8,562,754||8,562,754|
|Other trading<br>activities|||||||||
|Investment<br>income|||6,556||6,556|9,632||9,632|
|Other income|||299,814||299,814|325,962||325,962|
|Donations<br>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<br>activities|||9,038,777|377,592|9,416,369|8,915,380|3,000|8,918,380|
|Other trading<br>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<br>on revaluation|of||||||||
|land and buildings||||||910,484||910,484|
|Transfer between<br>funds|||45,320|(45,320)|||||
|Net movement<br>in|||||||||
|funds for the year|||(39,892)||(39,892)|900,103||900,103|
|Reconciliation<br>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|||2020||
|---|---|---|---|---|---|---|---|
||||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<br>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<br>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<br>funds||12|13,929,005|13,929,006|13,962,562||13,962,563|
|Revaluation<br>reserve||12|310,393|310,393|316,728||316,728|
|Restricted<br>funds||12||||||
|Total charity funds|||14,239,398|14,239,399|14,279,290||14,279,291|





|||||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||Group||Charity|Group||Charity|
|||Notes|||||||
|Cash flows from operating<br>activities|||||||||
|Net movements<br>in funds for the year|||(39,892)||(39,892)|900,103||944,986|
|Adjustments<br>to cash flows from non-cash||items:|||||||
|Depreciation<br>and amortisation||8|397,119||397,119|376,613||376,613|
|Loss on disposal oftangible<br>fixed assets||8|468||468|458||458|
|Surplus<br>on revaluation<br>of land|and buildings|8||||(910,484)||(910,484)|
||||357,695||357,695|366,690||411,573|
|Working capital adjustments|||||||||
|(Increase)/decrease<br>in debtors||10|(36,530)||(36,530)|(77,819)||(87,831)|
|Increase/(decrease)<br>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<br>activities|||||||||
|Acquisitions<br>oftangible assets||8|(220,432)||(220,432)|(194,006)||(194,006)|
||||(220,432)||(220,432)|(194,006)||(194,006)|
|Net increase<br>in cash and cash|||107,445||135,827|78,302||130,076|
|equivalents|||||||||
|Cash and cash equivalents<br>at|the||1,293,646||1,265,264|1,215,344||1,135,188|
|beginning<br>ofthe reporting<br>period|||||||||
|Cash and cash equivalents<br>at|the end of||1,401,091||1,401,091|1,293,646||1,265,264|
|the reporting<br>period|||||||||
|Cash &Cash equivalents<br>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<br>period|||||||||





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|Income|||||||||
|---|---|---|---|---|---|---|---|---|
||||Unres-|Res-||Unres-|Res-||
||||tricted|tricted|2021|tricted|tricted|2020|
||||funds|funds|Total|funds|funds|Total|
|Donations<br>and|legacies||||||||
|Exceptional<br>grant|||||||||
|funding:<br>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<br>activities|||||||||
|Home fees|||8,647,185||8,647,185|8,562,754||8,562,754|
|Investment<br>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'<br>remuneration||for:|||||||
|Current<br>auditors|||||||||
|Audit services|||9,650|7,450|||9,650|7,450|
|Other services|||1,930|3,107||100|1,930|3,207|
|Operating<br>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<br>activities|||||||||
|Operation<br>ofcare|||||||||
|homes||7,247,973||2,168,396|9,416,369|6,744,166|2,174,214|8,918,380|



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|Other direct c|osts —o|peration<br>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|



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||||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<br>in December||2019 by Christie|& Co who are|
|regulated<br>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<br>operational|||entities<br>with due|regard to their|
|trading<br>potential.|||||||||
|Comparable|historical cost for the land and buildings||||included<br>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|





## 

|9|Investments||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||Total|Total|
||SRT Signature||House Limited (Company|number 07216985)|||
||Ordinary|shares ofF1 each|||||



|A summary<br>ofthe trading<br>results<br>is shown<br>below:|||
|---|---|---|
||2021|2020|
|Turnover||107|
|Cost ofsales|||
|Gross profit||107|
|Administrative<br>expenses||(131)|
|Operating<br>profit (loss)||(24)|
|Interest receivable||24|
|Profit (loss) before tax|||
|Gift aid to Arnica Care Trust||(44,882)|
|Retained<br>in subsidiary||(44,882)|
|The assets and liabilities were:|||
|Current assets||28,382|
|Current<br>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|



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|Creditors: Amounts<br>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<br>the free reserves after allowing||||||for|all designated|funds.|||
|The revaluation<br>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<br>of|an inter|active<br>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)|||





## 

|13|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|



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|||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<br>with the subsid|iaries<br>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|





|19|Financial|instruments|||||||
|---|---|---|---|---|---|---|---|---|
||Categorisation<br>offinancial||instruments|||2021|2020||
||||||Group|Charity|Group|Charity|
||Financial|assets that are debt|instruments||||||
||measured|at amortised<br>cost|||1,728,982|1,728,982|1,583,391|1,555,009|
||Financial|liabilities<br>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<br>cost|||6,556|(2,244)|4,312||
||Financial|liabilities<br>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<br>cost|||9,608|(2,422)|7,186||
||Financial|liabilities<br>measured|at amortised|cost||(6)||(6)|
||||||9,608|(2,428)|7,186|(6)|