2021-03-31-accounts - The Sandwell Community Caring Trust

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Trustees		Mr FA Betteridge	Mr FA Betteridge
		Mrs SA Rogers
		Mr G Walker		(Appointed	1 December
				2020)
		Mrs M Hall		(Appointed	12July 2021)
Secretary		Mrs Tracy Graham
Charity number		1086162
Company	number	03286106
Principal address		9th Floor West	Plaza
		144 High Street
		West Bromwich
		West Midlands
		B706JJ
Registered	office	9th Floor West	Plaza
		144 High Street
		West Bromwich
		West Midlands
		B706JJ
Auditor		CKAudit
		No 4Castle Court 2
		Castlegate Way
		Dudley
		West Midlands
		DY1 4RH
Bankers		Barclays Bank	Pic - Dudley
		47 High Street
		Dudley
		West Midlands
		DY1 1PP
Solicitors		Wright Hassal	LLP
		Olympus Avenue
		Leamington Spa
		Warwickshire
		CV34 6BF

		Page
Trustees' report
Statement ofTrustees'	responsibilities
Independent auditor's	report	7-9
Statement offinancial	activities	to
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-28

				Unrestricted	Restricted	Total	Total
				funds	funds
				2021	2021	2021	2020
			Notes		6	6
Iggggig fritgLi
Donaticns and legacies			3	746,712		746,712	42,744
Charitable activges			4	13,869,259		13,869,259	13,749,08'I
Total Income				14,615,971		14,815,971	13,791,825
RXeagtfitggtgg;
Charitable activities			5	14,540,553		14,540,553	13,037,340
			9	159,671		159,671	369,833
Total resources expended				14,700,224		14,700424	13,407,173
Net (expenditure)/income		for the yeari
Net (outgoing)gncoming		resources		(84,253)		(84,253)	384,652
Other recognised	gains and losses
Actuarial (loss)/gain	on de8ned benefit pension
schemes				(1,914,000)		(1,914,000)	1,325,000
Net movement in funds				(1,998,253)		(1,998g53)	1,709,652
Fund balances at 1	April 2020			8,377,015	373,393	6,750,408	5,040,756
Fund balances at 318tarch 2021				4,378,762	373,393	4,752,155	6,750,408

					2021	2020
				Notes	6	8
Fixed assets
Tangible assets				12	9,482,385	16,059,884
Current assets
Debtors					2,600,668	1,928,371
Cash at bank and in hand					2,011,573	66,635
					4,612,241	1,995,006
Creditors: amounts	falgng due		within
one year				15	(4,270,743)	(2,384,104)
Net current assets/(fiabfilties)					341,498	(389,098)
Total assets less current		liabilities			9,823,883	15,670,786
Creditors: amounts	falling due		after
more than one year					(801,728)	(6,756,378)
Net assets excluding	pension		llabigty		9,022,155	8,914,408
Defined benefit pension		liability		1'7	(4,270,000)	(2,164,000)
Net assets					4,752,155	6,750,408
income funds
Restricted funds				18	373,393	373,393
Unrestricted funds					4,378,762	6,377,015
					4,752,155	8,750,408

						2021	2020
					Notes	2	6
Cash flows from operating			activities
Cash (absorbed by)/generated			from		23
operations						(689,385)		683,922
Investing	activities
Purchase	oftangible fixed assets					(6,540,500)
Proceeds	on disposal oftangible			fixed
assets						13,122,503
Net cash	generated from/(used			in)
investing	activities					6,582,003
Financing	activities
Repayment	ofbank loans					(3,947,680)	(523,676)
Net cash	used In financing		activities			(3,947,680)		(523,676)
Net increase in cash and cash				equivalents		1,944,938		160,246
Cash and	cash equivalents	at beginning			ofyear	66,635		(93,611)
Cash and	cash equivalents		at end of		year	2,011,573		66,635

			Unrestricted	Total
			funds
			2021	2020
				8
Donations	and gifts		42,744	42,744
Covid-19	government	support	703,968
			746,712	42,744

Residential	Residential	and
and	Daycare services
Daycare
services
2021		2020
6		8
13,869,259	13,749,081

		Residential	Residential
		and	and
		Daycare	Daycare
		services	services
		2021	2020
		8	8
Staff costs		10,648,538	10,083,239
Heat and light		219,576	142,380
Rent, rates and insurance		865,286	562,320
Telecommunications		4,491	7,369
Other staff costs		34,500	10,321
Motor and travel costs		53,760	63,835
Repairs and renewals		328,527	438,534
Cleaning, waste and	pest control	161,204	151,005
Other office costs		84,676	80,243
Printing, postage and	stationery	10,610	2,844
Provisions		252,816	283,373
		12,663,984	11,825,463
Share ofsupport costs (see note 6)		1,815,665	1,137,491
Share ofgovernance	costs (see note 6)	60,904	74,386
		14,540,553	13,037,340

Support costs
			Support Governance		2021	2020
			costs	costs
			f	f
Staff costs			983,984		983,984	575,357
Profit on disposal oftangible assets			(4,504)		(4,504)
Heat and light			12,024		12,024	26,385
Rent, rates and insurance			300,451		300,451	265,066
Telecommunications			40,332		40,332	20,646
Other stair costs			3,276		3,276	8,942
Motor and travel			28,047		28,047	29,156
Repairs, renewals and equipment		rental	48,544		48,544	42,364
Cleaning waste and pest control			59,179		59,179	1,152
Other of5ce costs and sessionals			320,937		320,937	140,763
Printing, postage and stationery			22,687		22,687	25,975
Provisions			708		708	1,685
Audit fees				17,430	17,430	17,880
Legal and professional				43,474	43,474	44,998
Citation fees						11,508
			1,815,665	60,904	1,876,569	1,211,877
Analysed between
Charitable activities			1,815,665	60,904	1,876,569	1,211,877
Auditor's remuneration
Fees payable tothe Charity's	auditor and associates:				2021f	2020f
Audit ofthe Charity's annual accounts					13,175	12,150
Nonwudit services
Other assurance services					2,350	2,350

				2021	2020
				f	f
Financing costs				159,671	369,833
				159,671	369,833
Employees
The average	monthly	number ofemployees	during the year was:
				2021	2020
				Number	Number
Care				462	465
Finance and	adminstration			11	12
Total				473	477
Employment	costs			2021f	2020f
Wages and salaries				10,189,597	9,117,253
Social security costs				786,214	700,664
Other pension costs				656,711	840,679
				11,632,522	10,658,596

The number of employees whose annual remune f60,000 is as follows:	ration was more than
	2021	2020
	Number	Number
f70,001 - f80,000
f120,001 - f135,000

Tangible fix	ed asset	s
			Land and buildingsf
Cost
At 1 April 2020			16,059,884
Additions			6,540,500
Disposals			(13,117,999)
At 31 March	2021		9,482,385
Depreciation	and impairment
Depreciation	charged	in the year	142,236
Revaluation			(142,236)
Carrying amount
At 31 March	2021		9,482,385
At 31 March	2020		16,059,884

Debtors
		2021	2020
Amounts falling due within one year:		6	6
Trade debtors		1,791,570	1,738,277
Other debtors		649,092	25,769
Prepayments	and accrued income	160,006	164,325
		2,600,668	1,928,371

Loans and overdrafts	Loans and overdrafts
			2021	2020
			6	6
Bank loans			3,646,710	7,594,390
Payable	within one year		2,844,982	838,012
Payable	after one year		801,728	6,756,378
Amounts	included above which	fall due after five years:
Payable	by instalments		66,667	4,693,915

15	Creditors: amounts	falling due within one year
			Notes	2021f	2020 6
	Bankloans		14	2,844,982	838,012
	Other taxation and social security			223,834	179,659
	Trade creditors			125,035	154,962
	Other creditors			2,593	8,437
	Accruals and deferred	income		1,074,299	1,203,034
				4,270,743	2,384,104
16	Creditors: amounts	falling due after more than one year
				2021	2020
			Notes
	Bankloans		14	801,728	6,756,378

Key assu		mptions
								2021	2020
									'%%d
Discount		rate						2	2.35
Expected		rate ofincrease ofpensions				in payment		2.8	1.9
Expected		rate ofsalary		increases				3.8	2.9
Mortality		assumptions
The assumed life expectations					on retirement		at age 65are:
								2021	2020
								Years	Years
Retiring	today
- Males								21.6	21.9
-Females								23.9	24.1
Retiring	in 20years
- Males								23.4	23.8
-Females								25.8	26
Amounts		recognised	in	the profit and		loss account:
								2021	2020
								6	6
Current	service cost							345,000	373,000
Net interest on defined				benefit	liability/(asset)			48,000	72,000
Total costs								393,000	445,000

Retirement benefit schemes	Retirement benefit schemes	Retirement benefit schemes											(Continued)
Amounts taken to other		comprehensive				income:
												2021	2020
												8	6
Actual return on scheme		assets										(3,649,000)	791,000
Less: calculated interest		element										445,000	460,000
Return on scheme assets excluding					interest income							(3,204,000)	1,251,000
Actuarial changes related to obligations												5,393,000	(2,376,000)
Other gains and losses													(845,000)
Total costs/(income)												2,189,000	(1,970,000)
The amounts included		in the		balance			sheet	arising	from	the	Charity's
obligations in respect of		defined		benefit plans are as follows:
												2021	2020
												6	8
Present value ofdefined		benefit		obligations								26,730,000	21,206,000
Fair value of plan assets												(22,460,000)	(19,042,000)
Deficit in scheme												4,270,000	2,164,000
Movements in the present value				ofdefined			benefit obligations:
													2021
													6
Liabilities at 1 April 2020													21,206,000
Liabilities assumed in a		business		combination									(275,000)
Current service cost													345,000
Benefits paid													(497,000)
Contributions from scheme members													65,000
Actuarial gains and losses													5,393,000
Interest cost													493,000
At 31 March 2021													26,730,000
The defined benefit obligations			arise		from		plans funded		as follows:
													2021
													6
Wholly unfunded obligations													214,000
Wholly or partly funded	obligations												26,516,000
													26,730,000

					2021
					6
Fair value of	assets at 1 April 2020				19,042,000
Interest income					445,000
Return on plan assets (excluding		amounts	included	in net interest)	3,204,000
Benefits paid					(497,000)
Contributions	by the employer				214,000
Contributions	by scheme members				65,000
Other					(13,000)
At 31 March	2021				22,460,000

The fair valu	e of plan assets at the reporting perio	d end was as follows:
		2021	2020
		6	6
Equity instruments		13,232,000	10,840,000
Property		1,623,000	1,694,000
Government	bonds	2,236,000	2,213,000
Other bonds		863,000	796,000
Cash		1,342,000	683,000
Other		3,164,000	2,816,000
		22,460,000	19,042,000

				Movement		Movement
				in funds		in funds
		1	Balance at April 2019as	Incoming resources	Balance at 1Aprg 2020	Incoming resources	Balance at 31March 2021
			restated
			6
Alsop	House		373,393		373,393		373,393

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total Unrestricted		Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		6	8		6	8	6
Fund balances at 31
March 2021	are
represented	by:
Tangible assets		9,108,992	373,393	9,482,385	15,686,491	373,393	16,059,884
Current assets/
(liabilities)		341,498		341,498	(389,098)		(389,098)
Long term liabilities		(801,728)		(801,728)	(6,756,378)		(6,756,378)
Provisionsand
pensions		(4,270,000)		(4,270,000)	(2,164,000)		(2,164,000)
		4,378,762	373,393	4,752,155	6,377,015	373,393	6,750,408

	2021	2020
	6	8
Within one year	1,227,332	834,333
Between two and five years	4,334,596	2,772,006
In over five years	16,163,589	4,286,158
	21,725,517	7,892,497

		2021	2020
			F
Aggregate	compensation	228,369	221,803


Cash generated from		operation	s	2021	2020
				8	6
Deficit for the year				(84,253)	384,652
Adjustments for:
Gain on disposal of	tangible fixed		assets	(4,504)
Difference between	pension charge and cash contributions			192,000	402,000
Movements in working		capital:
(Increase) in debtors				(672,297)	(158,001)
(Decrease)/increase	in	creditors		(120,331)	55,271
Cash (absorbed by)/generated			from operations	(689,385)	683,922