REGISTEREO COMPANY NUMBER: 04266500 {England and Wales) REGISTERED CHARITY NUMBER: 1089471 Rè ort ofth• Tntst•tt a Auditsd Flnancial Statements low thè Yèar End•d 31st March 2021 f•x Wllllam Blake House Northants Acom limited uarantee •AAKIXCK17* 2411212W21 COWANIES HOUSE A12 Ch•n8y & Co Statulory Audrtor 310 Wellingborough Road Northamplon NN14EP
Illiam Blake House Northan Acom edb uarant•è Contènts of th• Flnanelal Statemer•ts ear ended 31st March 2021 Page Report of the Twst 1 10 4 Report of the Inondenl Auditorn 5 to 6 Statement of Flnaneial Activitia 8ae Sh••t Cash Flt)w Stat•m•Tht Notes to the FinancN•l Statements 10 to 19
William Blake Ho limited uaran sè Northants 15tÈred nrnr. 042665OD Ro rt ol the Tnffjtees for thè •ar •nd•d 31st 2021 The trustees who are also dsrectovts of the charity for the purposes of the Companies Acl 26, present their report with the financial statements of the charity for Ihe year ended 31st March 2021. The trustees have adoptèd the provisions of Accounting and Reporting by Charit.. Statement of Recommended Prath"ce applicable to charities preparing their accounts in accordan¢¢ with Ihe Financial ReF¥)rting Standard applicab in Ihe UK and Republic of Imland IFRS 1021 (effective 1 January 2019}. OBJECTIVES AND ACTIVITIES ObJèctiv•a and aims The obje¢li¥es and principal aclivib"e$ of thè charity thè avaement ol edatin and Ihe PfDmotion of welfara for the public benrfil by the establishrTRnl and maintena1 of Gommundiè5 in accordorrR wilh general priropkns of Rudolf Sl•nér in pa"cular for peop who are physically. mtntalty or etIOnal challènging. The slr4tegig$ employed to htwe Ihe charity's obiEcbves are to offer edu¢ation. instrltOn guIdar. th8rapy crf care as appropriatè in order to develtsp Ihose in nee<1 of thth"r edLtiOnal. cleaTt, reueats"onal, employm1 and social skills and so enabling lh} io lead a rewarding lrfe souety at Large. Prolessional thefaSt$ are engaged by the charity to ensure the strategies are inplemented sLe$sfUl. We have relerred to the guidance contained in the charity commission's ral guidan on public benefil when reviewing ow airns and objectives and in planring our future i¥ibes. The charity is a150 involved in the comrnunity aThJ is depeThJerf on voluntary help. The Injslees would like to lakè this opportunity to say how mh they appreciate Ihe vdunteers continuing and valuat4e support. STRATEGIC REPORT Achievement and Frforniance Charltabte activities The Iru5tees feel that the iteffls bektr refiect Ihe sujnfvnt ¥hievements forthis financial year. Residential Carn - During the past year. Ihe Charity continued to provide a caring c(¥nmunty erNironment for people with disabilities. The are four resJertial care homes kncaled in pleasant nsral settirvjs and the hou5elKAd3 are an integral part of village lrfe. Day Care . The Charity also provided day cafe swvices lor peotAe with kamiNJ difficUltS, via the Country Centre based in Northarnplon. This urban larm provides a ran of indoor and out¢SJor activities, wtth opportunrties for animal therapies (nurturing ponie5. goats, chKkens1 a5 wdl as tKwlKLdlural xtr¥rties access to green houses and pdy tne1$. Voluntser and Staff Training . The Chth cc¥)tinues with its upgr8ded ¥olteer 8j ¥taff traIng and many staff continue to a¢hieve NVQ and QCF walaon5. Addrti train courses have been to ow progranwne thi$ year. RUlbIshment PmgYamme- The Charity has maintsined tt care home environment to ¥ high stsn¢Jard. Communlty A¢t5vI¢s The Covid 19 pandemic 51gThfrantty rUCed ac¢ess lo nomial rangè of community actNities. Therefore, the majorty of ouling5 took place in rural areas, with walks in the countrysxle and tycling. As soon as lockdown restrictions eased aThJ ¥¥$ reOPed. Ow ftomw pwramme of a¢tivitses resumed. observing a coronavirus health prautionS. Holid$ - The $Ie$ were unable to befit frcffi an annual hdiday. thje lo IIE coronavirus heamh wnergency this year. Advocacy- We have contirtued lo use indeperbjent advitacy service5 to suFpJt the peo who use our Se8. Volunt••rs - The Charity ¢ontinues to benefit frcrfn the See of several vohJntew5 to provid• Valuab suFport to all four care homes. The c{rnrS pandem reStted the nnbel ofvolunteers thjring the year. Thèraplsts. The Charity ¢InUeS lo benefft from the professional support ol therapi5tS. Festivals - The Charity celebrales a variety of festTriaLs wtlh our resNJents Har¥est. E•$ter and Chri$tsna$. We also ¢èlebrate mulldenc1nation fesbvals that releci our orgarisal¥Jn's dNer%ty. Page 1
William Blake House Northants ited b uarantee R• ist•fd number. 04266SOO Acom Re forthe ear rt ol the Truste•s d 31st March 2021 STRATEGIC REPORT Finan¢ial revi•w Inv¢stm¢nt pollcy and objectives Undef the Memorandum and Articles of Associatr)n. the charity has the power to make investments as the tnjstees see fit. No specific investments have l)e¢n m to dale apart from the Purch of one of its residenbal homes to ensure the resJents' well beirwJ is maMitainÉd to Ihe hieSt standard [51e. Reserves pollGy The objective of the Trustees. Resefves pcly i8 to eru the tmoviskin of adequat• eapital resourc•s. The pohcy adopted to achieve this is lo lId up the Net Current Assets w0pOrt of the Unrestrict&J Irm Fund to a minimum level equivalent to tr40 months. value of th8 Weted running cosis for the erKsuxw year. At 31sl March 2021 this figure is eslmnated to be £4C(I,(KJO. Future developments We recogni5e that the coronavirus pandemic is orwng thal future pkns rnay be subject lo interruptKii or delay dependent on the prevailing urcumstances-. A rolling prG¥ramme of property prOVeMents nmenled to Lwrade arKI irnprove all th• horn. Thgs upgradès wll help to maintan our high standard$ as tweN 0$ smesent a we114maintained appearnnce wthin our rural vi1189e cornmunilie5. The Charity may èxterMI or alter current bLMldiThJs to offer inprov&J knlilies. The Charity wll contiThJe to explore opportunilies for fvndraising . The Charity WAI bjrther promots its services IMI• arml via scKial matha. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is govemed by its Memorandum and ArtKles of AsKtiaIi. and constitule5 a limited company, limitsd by 9uafanlee, as dèfined by the Companies Acl 2(. Recruitment and appointment of ngw trustees The directors of the charitable ry)mpany are a150 tfU5t•8s for Ihe purpJs•s d chty law and Ihroughoul this report are colkntivety referred to 8$ trustees. Members attending annual general mth.ngs elect InJstees. The Trustees, when coMpte consist of 81 least three and not more than eight iThJiwduals. all of vthom musl be rnembers. One third lor Ihe nearesl number lo one thirdl must rètirè and, if eligible. offer Ihemsefves for itrdeclion at the annual gereral rrEetin9. Those longest in service retif¢ first and the choice befv4een any of equal serv¢ce being m•Je by drawing bts. Thè trustee5 may at any lime co-opt any pÈtson d qLtalifièd to be appointed as a Irustee to fill a vacancy in Iheir number or as an addibonal Iruslee, a ctropted trustee $ offic8 onty until fv nèxt annual general meeting when must seek rtrelection. Organlsatlonal $tructur• There are Currently 4 Trustees and they meet at least quarterty to administer the Charity. The Chbef Exècutive offr is supportèd by a mana9èment leadership team. Extem consuttants asstst when requited wth som? pialiSed ar¥tieS lor lh¢ Charity. Induction and training of new trustees Th¢ Gurrent trustees are familiar with the p¥xtKal work ofthe ¢Tr4qrty al the content of th• Memorandum Artides of Association. Trustee$ ore en¢ouraged to attd apprcyiate exlemal Imn9 events vth8ra these flilale the undertaking of their re. Kèy management remuneTrtion Any senior and kèy personnel pay altwatiorts is discussed 141 the trustees after tsking ¢onsideration of the secto¢8 Maet conditions aThJ factors. Audit report The Iruslees in commm with many olher organisabons of size and natt1 use our to prep8re and submit retums lo the tax authoii1*s and assisl th the preparalh)n of the finanaal slalement5. Page 2
Illiam Blake H limSted b uarantee use Northants Re istered number. 04266500 Acorn Re eTn forthe ear ended 31st March 2021 STRUCTURE. GOVERNANCE ANO MANAGEMENT Related parties The ¢h8rty's related ptS a the Iwstees their famfjies. Rlsk manag•mMt The management corhtinualty monitor intemal iisks and procedures to ensure cunpliance and suitabikty. REFERENCE AND ADMINISTRATIVE DETAILS Registered Compny numb•r 04266500 {England and Wale51 Règlster•d Charity numb•r 1089471 R•glster•d offieè 2 High SIet Blakesley Towcester Northamplonshire NN128RE Trust Miss F A POCc Di(101 I$19 30_9.2020} Mrs P J Jenner Director B Hamid Chainnan l J Hiscock Consultant (appointed 19.1.20211 Ms S U Shinn Company Diiecior lapwnled 19.120211 Company S¢¢r•tary Mr5 J A Oth•r Audltors Cheney & Co Statutory AItC 310 Wellingb)rough Road Northampton NN14EP STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are a150 the dire¢tors of Wlliam Blake House Northants (A ccmnpany limrted by guarantee) for the purposes of company lawl are resWnSie for preparin9 the Rert of Ihe Trustees and Ihe financial statements in accordance with appluble law wvj United "n9d Accounb"n9 StMlards (Uniled Kingdom Getalty Accepted Accounting Pricel. Cp¥nY law rerwire$ th¢ twstees to prepar¢ ffinatKial statements for each ffinanual Yoarwhh gNe a Irue and fair view of the stale ol affaits of th• chafitable company and of Ihe irKoming resources and application of resources, induding the income and expenditure, of the charitable company for that perKyJ. In pparing those ffinancial statements, the trustee5 8ie reqUId lo sele¢t $urtablt a¢¢ountin9 pole$ arK1 then apply them consistent. ob5eNe Ihe method5 prirtipks in Ihe Charrty SORP.. make judgemenls and estimates that ar¢ ieasonable and prtenL slate whÈlher appliCae accounting staThJards have been kAknv. sthiect to aiy material departures disdosed 8nd explained in the financial slatements- prepare the fman¢ial statements wiryd CO8M basis unsS it is inappropriate to presume Ihat the charitabl? cornpany will continue in business. The Irustees are responsible for keeping proper accounting records which disck6e wilh reasonable CaGY al any timè the financial position of the chaiitable company and lo enatle Ihèm to ensure that the finanaal statements comply with the Compan$ Acl 20(6. They are also Te5p)nsiNe for safeguarding the assets of the tharitale company and hence f(x taking reasonable steps for thè pr&¥110 an¢J detection of fraud and other irregulanttes. Page 3
Wini m Blakè House Northants uarantee istèrÈd numb•r: 04266500 Acorn R ort olthè Tru$tèÈ• arend 31st STATEMENT OF TRUSTEES. RESPOIISI8ILmES . ¢onllnuod In so far as the truslees a aware.. Ihere is no relevant audit infofmatM)n of which Ihe ¢h•rrtabkn ¢ompany'$ auditorn are Unare.. and Ihe Iruslees have taken all steps that Ihey ought lo have taken to makè themsefves aware of any relevant auithl information and lo estab'sh thal the audrtors arè aware of that infom110n. Rèport ol the trustee irectors. on .......... ratin9 a strategic Teport. approved by order of the board of twstees. as the company . and signed on the tjoard's behaw by.. Page 4
rtofthe Inde endent Auditors to the Mefflbern ol William Blake House Northants lirnited b uarnntee Op•Dion We have wdiled the finar14 sl8t8m8nts of Ilfjliam Blake House Northanis (A ci¥npany limited by guarantee) (the 'charit8ble company'l for the year ended 31st Mah 2021 which comprise the Statement of Finanual Activities, the 8818nce Sheet, the Cash Row Statement arml noles to the financial statements. including a summary of svJnificant accounting policies. The finanual reporbng framewowk that has applied in Iheir preparatson is appticable law and United Kingdom ACUntsng Standard$ (Unrted Kmigdom Gerralty Ac£eFled Accounb"ng PraCte). In our opinion the financial statements.. give a Irue and fair view ol the state of the chanlable ccryany's affairs 8$ at 31st M8r¢h 2021 and of tts inwniThJ sources an(J appli¢alion of resources, including rts income and expenditure, for the year then ended.. have been properfy prepa in accordance with United Kingdom Genwalty Accepted Accwlin9 Pra¢ticÈ" and have been prepared in a¢cofdance with the requirements of the Companie5 Acl 2C(6. Basis for opinion We conducted our audit in accordance wth Intemalional Standards on Alif1rj IUKI IISAS {UKII and apk4icable law. Our responsibilities undei those standards afe fvrther described in the Auditry5' reSponsibrtreS lor thè auitht of the financia statements section ol our report. We are independent of the charifable compary in 8rdance with Ihe ethical reqU1MentS thal are retevant to our auijt of Ihe financ stsleffents in the UK. inclLKJw the FRC'S Ethical Standard. and we have fvffilled our other elhical responsibiltiès in accordan th these requirements. We belve that the audit evidence we have obtained is suifKient 8rKJ to SXO¥Kle a basis foi wr opinin. C¢)nclusions relating to going concern In auditing the financial siatements. we h8¥e ¢owluded lh the trLbStees' u58 of the gjing fAincem basi5 of accounting in the pParatIon of Ihe financwl statemerts ts apwcfjriate. Based on the work we have Ferforrned. we have not idenlifi8d any material uncertainties relaling to events or conditions that, Indivua1ty or collectivety. may cast signian1 dcyjbt on the charitable compary's ability to Conty"n a5 a going concern for a period of at leasl 1vÉ months from when the slatements are aulkni5ed for i55ye. Our responsibililie3 and Ihtr respM$1.Illes of Ihe Imstees ith respect to going concem are descriw in the levant seciions of this report. other informatlon The trustees are re5ponsille for the 0th8r inlonnalion. The olher infrnatIon c4)mwise$ Ihe infomiat#)n iluded in Ihe Annual Report, Olher than the finan¢i¥ $laternents and OUT RepNt ollhe Inde Auditors Ihereon. Our opinion on the ffinanrial $tatements does not cover Ihe olher infrxma11 and. except lo the exl¢nt OtheiSe eXplty stated in 14Jr report. do not express any fomi of assuran conclushin thereon. In connection with our audit of thè fffiarrial statements. our responwbilty is to read the other inf0mtIOn and. in doing so. consider vthether th8 other infomMtion is maierialty incon51Stenl with the financial statements or our knovledge obtained in the avdil 01 othewwisè appeats to be materialty misstated. If wè idèntty such material irthnsistencies Of appareni merial mi55tatements, we are required to determine wheihèr Ihis gNes rise lo a material misstatemenl in the nan¢ial $tOtements Ihemselves. 11. based on Ihe work we hav• p•rfcrfmed, we condude Ihat there 15 a Matèrial misstatement of this other infom)at)n. we are to that I1. have nothing lo report in th* r898rd. Opinion¥ on othèr matt•rs pr•scribed by the Cornpanies Att 2006 In oijr opinion. based on Ihe work undertaken in Ihe course of the audit.. the infomiation given in the Report of the Trustees fry IhB fin•1 year for vthtth the finanrial stslements af• prepared is ¢on5islent wilh tha financial statements. and the Repjrt ofthe Twstee$ has been wepared in cOld wih awlicabkn Wl requiiements. Matters on which WÈ #re réqulred to report by exception In the Iwhl of Ihe knowledge and understanding of the charilae crMnp¥ny and its enviroNn•nt obtained Ihe course of Ihe audil, we have not identified mat•rial misstatements in the Rep1 of the Truslèes. We have nothing to report in rospe¢t oflhe foknng rnatters 4¥te the Comparw A¢t 2fJ)6 raquires us lo to you rf. in our opinion.. adequate accounting TecoTds have not been kept or reln$ adequate for our audil have n(A received from branches nol visited by us,. or the financial StatenIS are not in ent the ac¢ounb"ng records and relums.. or certa¢n disd05uw of trLKslees' remvnefation specffied by law are not made: or we have not r¢¢wv¢d all Ihe infmknon and explwtions we requye for our audrt. Pa9e 5
R• of the Inde dent Auditors to the Meffiberg of William Blake House Northants Acom Ilmlt•d R•sponslblll•S of trust••s As explained more lulty in the Statement of Truslees. Responsibilit$. the twuslees {who are also the directOTS of Ihe charitable company for the purposes of company lawl are sponsie for the preparation of the financial statements and for being satisfied that they gNe a true and fair wew, and for such witemal control as the trustees d&t&miine is necessary to enab thè prep8r8tion of financAJ statements that are fmm material misstatement. Vthelher due to fraud or er1. In prèparing the final statsments, lh• trustees are reSpSible for assessin9 the charitable compary's ability to continue as a goirvJ ¢orTr¢em. di10$, a$ all¢able, matters rekted to wn9 concern and using the g)ing concern basis of accounting unless tho trustees eilher intend to h'quidate the charitab16 company or lo cease operalK>ns, or have no realistic altèmalivt but lo do so. Our rÈspon$ibiltti•$ for th• audit of the financlal statements Our o"ectives are to oblain asonae aSSurare about whether the ffinancial statements as a Wle ère Iree from material misstatement. whether due to fraud of ernjr. and lo issue a Rewl of Ihe Indeperkyent Auditors that indude$ our opinion. Reasonable assurance is a high Ve1 of assurarKe. bul is rKJt a guarantee Ihal an audit conductéd in aeeordancè th ISAS IUKI always detect a material nNsslalement wtsn it exists. Misstatements can arise from fraud or error and are ¢onsid¢r¢d m*¢rial rf. IndidUallY or in the aggregate. they could reasonabty be eXpted to influenctr the On0[[M¢ decisicms of us8fS taken on Ihe basis ofthese fmaThial statements. The exlonl lo wthich our prc¢Ure$ are capat4e ofdetectng ¥regarI11eS. cludI fraud is delaiw bBIow'. auditors have conduded that the appropriate measwe WrtOma materiality in rektion to Ihts audit assignment is an mix of the average of 2% of the IomIng resources for the year and 5% of the gross assets before liabilities at the year eThJ which gNe5 a figuft of £49.fKKJ. A substanbve apprOh to the testing of transactions atvj year end balances has been adopted because ol the invthiement of only a very small number of people in authorising transactions and recording Ihem which is c¢xnmon in charities of this size. The substantive approach. together with initial and final anatytical review5 which highfighl 519nrfanI a8$ for lurthèr audrt invesligatM)n. is believed lo gwe the highesl le1 of probabilty of deteLtMig material ifregularilies, UdIng fraud_ A lurlher dexription of ouc responsibilities for Ihe audit of ihe financial stsiements is located on tha Financial Reporting Coun¢il's web5ile at b.frC.Org.klaudIt01srespOD5Ibl1rtIe$. This dep1 foms part of our Rep1 of the Independenl Audilors. Us• of our roport This report is made Soldy to Ihe charitable companvs memtkrs, as a botty. in 0NdancE th Chaptèr 3 of Part 16 of the Companies Act 2CQ6. Our audit woth has been undertaken so that we might stsle lo Ihe charrtable company's members those rnatters we arè required to stale to them tn an audrtors. port and for no other wrpose. To the fullest exte ermitted law. we (Jo not accèpt or assume reSp011ty lo anyone other Ihan the tharit3bl¢ ¢ompany and the cha e corya .5 [MberS as o body. fortyJr aLKlit lor this report. or tr the opinwJn$ wè have fom)ed. Pa ar CA ACA (S1¢r St8tutiMy Auditor) on behall of Cherey & Co Statutory Audilor 310 Wellingborough Rowj Northampton NN14EP 20th December 2021 Page 6
Vlilliam Blake House Northants Acorn limited b uarantee Sla¢ement ratin anln for the ear ncial Activities rne and Ex ndrtu Inco 2021 lJnwEStrictèd nd 2020 Total lunds INCOME AND ENDOWMENTS FROM Donations and légacies 9.576 2.617 Charilabl• aetivitiès Residentk?I Care fees 2,753.201 2,665.171 Investment income Oiher incon 337 211267 6,116 592013 Tolal 2,974.381 3.265,917 EXPENDITURE ON Charitablè aetl¥ities Rèsidèntial Care & Housew costs Support costs 2.929,625 39,891 3.218,843 35,396 Totsl 2.969.516 3,254.239 INCOME 4,865 11.67B RECONCILIATION OF FUNDS Total funds brought fOard 923,935 912.257 TOTAL FUNDS CARRIED FORWARD 923 935 Page 7
William Blakè Housè Northan uarantse isted n l#ntè Sh rch 2021 2021 Total funds 2020 Totsl funds FIXEO ASSETS Intangible assets Tan9ible ass8ts 14 15 10,035 061,872 2,118 665,066 871.907 867.184 CURRENT ASSETS Stocks Oebtors Cash at bank and in hand 16 13.400 406,257 58 799 179,036 138,546 478.11 318.381 CREDITORS Amounts falling due V4ilhin one year 18 1379,5411 1261.6301 14ET CURRENT ASSETS 98,559 56,751 TOTAL ASSETS LESS CURRENT LIABILITIES 970.466 923.935 CREDITORS Amounts f8llw)g ofter mre than one year 19 141,6661 NET ASSETS 928,800 923.935 FUNDS UnreslrKted fvnds 23 928,eoo 923,935 TOTAL FUNDS 928,800 923,935 The financ I statements were approved by the Board of Twstees and aUlhorid for issue . and weré svJned on bts beham by.. on id- Tru51ee The notes fcKm part of these financial statements P•Je 8
William Blake House Northants Aeom n limited uaran Cash Fl)w Statement r endèd 31st March 2021 20Z1 2020 Cash flows from opernting activities Cash generated from operations Inlerest paid {33,7281 4.328 1479,8SO} 4,1951 Net cash used in opèrth"n9 activths Cash flow3 from investing activlti Purchase of Intangib fixed assets Purchase of tangible ffixed assets Sale ol tangibje fixed assets Inler¥$l re¢eived 19.000) 183.384) (148,4681 617,775 337 Net cash lused inyprovKled lty investh.ng ¥bvilies 475 423 Cash flo from finn¢ing xtivltl¢s . New loans IA year Net cash prowded by finan¢ing a¢bw"t Change In cash and Gash equivalents in thè rèportlng p•rfod Cash and eash •qulvalents at the beginning ol the reporting peri¢Jd 180,1031 18,6221 Cash and cash •qulval•nts at the end ol th* rèportlng period 138546 The note5 form wl of these fmanual statemer Page 9
Yrilliam Blake Hous• Northants Aeom n limrted b uarantee Not•s to th• Flnanclal Stat•ments for the tarended 31st Mareh 2021 ACCOUNTING POUCIES Basis of prepariny the finynci41 ststsm•nts Thè ffinancial slatemtnts of Iht tharitat ceffjpany. whth is a public tenefft entty under FRS 11r2. have been ppared in accordance with the Charfies SORP IFRS 12) 'Accounb"ng and Repor1ing by Charities". Slatemènt ol Recommended Practice ap1(able lo charities weparing their accounts in a5rdanGe with Ihe Financial Reporting Slandard applut4e in the UK and RebI of Ireland IFRS 1021 (effective 1 January 20191., Financial Reporting Standard 102 The FInarla1 Reporting Standard appluble in Ihe UK and Republic of Ireland, and 1he Compan¢es Act 20C6. The fmanual slalements have been prepared under the hislorul cost convention. The significant accounting policie5 applted in the preparation of these finarKial slalements are set oui below. These polKies have been consistenuy applied to all year5 pre5enled unle55 Otherwise stsled. The presentation currenry of the 3?1 ststernents 1$ the P¢wnd Sterkng (£1. The princip818ctsvty of thè chanty in the yeaf was Ihe prv4ision of a spiritualty oriented community consisthng of a number of $mall wisteréd care homes servin9 the deveknpmenl needs of reshlents V+ith learning disabililies. D¢btors Debtors ar• M•aSUr at ththr recoverat4e amounts. Llabilities Liabilits are recognised and nSured at their seluement amount. Income All income is rognISed in the Staternent of Finan(ial Ad]"vtr$ once the charrty has entitlement to the funds. it ts probat4e that the incorne wll te recei¥ed and Ihe btr measured relwbly. Expenditurp Liabililies are r¢¢OgnI$ a$ expeThlilure as soon as lIe is a legal or conslfuctive 0¢gatIOn committing the chaity tts that •xwr1lure. it is wobatle that a transfer of econom benefits wll be reqUId in settlement and Ihe amounl of the obligation can bè measured relkabty. Expenditure is accounted lor on an accruals basis and . has been dassified under headings that a99regate all cost related to Ihe category. Vitrere costs cannot be directly attribuled to partLaT headirys W have been alkled to actiwttes on a basis consistenl with the use of resources. Trademarks Trademark$ •rtr being amorto¢d at 10% of cost anNaly. Tan9llAe fixed a8ts Depreciation is provKled at thè folbwing annual rates or(Iw to write off the c051 less estiffl¥td r$Ual valLW of each asset over rts estimated usefijl life. In the opinion of the trustees. the resi(JtAal value of each property within the financ1 statements, is such Ihal the difference belween the historical cosl kss resHlual value. would mean that the charge for deprlatIOn on exh property would bt $0 ltsw as to rènder any charge immaterial wthin these financial statements. Freehold land Freehokj and imk¥ovemenl$ to worty Leasehold improvements Plant and machinery Fixturès and fitbngs Motor vthi¢l•s 15% & 20% on cost 25% & 33% on redLKing balarKe and 5% on cost 25% on ieducin9 balan¢e . 25% m c05t Stoeks Stocks a valued at the lower of cost and r1 reali5ai4e val. after making fof obsolete and slow moving items. Taxation The chaiity is exempt from e4xFm)raln tsx on its chwitaNe &thit*s. Fund accounting unstricted ftmds be used ac¢ordance the chaiitable obpcbves at the discretion ofthe tnJslee$. Restricted funds can ¢)nty ustd for parkular restitted wrposes within Ihe objects of the chan"ty. Re$lr¢lion$ arise whgn speufied by the d(0[ {when furKls arè rar5ed for pa.¢1( cestricted puOses. Pa9e 10 continu...
wtlliam Blake House Northants Acom limited b uaran otss to thè FirAncial Statements- continued for tar •nd•d 31st March 2021 ACCOUNTING POUCIES- contlnued Fund accounting Further eXaTra of Ihe nature arKI purpose of each furnl is irx4LKled in the notes to the financkil slatem¢nt$. purch* •nd l¢a$ing eommltrnents Rents15 paid under operating aSe5 afy chard to the Statement of Finan¢ial Actmties on a straight lim basis over thè p10d of the lease. CRITICAL ACCOUNTING JUDGEMENTS ANO KEY SOURCES OF ESTIMATION UNCERTAlPtrY In the application of the Charity's accounting poliue5. which are dewbed in note 1. managernenl is require(1 to make judgements. e5timate5 and assumption5 aboLrt the rryIng values of assets and liabilities thai are not readi separated from olher sources. The estimate5 afKI underfying as5umplion5 aré based on hi$lorTrtAI experience arml otherfactors Ihat are C{sIdere(l rdevanl. Actual resutt5 may differ Irom these estimates. The estimates and undetying assumptths are revtewed on an Ongn9 basis. Rewsions to accountg eslimates a recognised in the peri¢1 in which Ihe eskn.male is revised rf the revision affects only that period. or in the period of Ihe wi$i¢M and 1lrte peTh>J$ rflhe re¥tsion affects both current and future periods. DONATIONS AND LEGACIES 2021 2020 DonatiC$ 9.576 2,617 INVESTMENT INCOME 2021 2020 Deposit account interèst 337 INCOME FROM CHARITABLE ACTMMES 2021 Residential Care fees 2020 Total activities Residenikgl care fees 2 753 201 2 66S 171 OTHER INCOME 2021 2020 Re¥ahJaIn surplus Country Centre day rare fees Country Centre sF>Jp Other income CovKI-19 support grants 575,CO) 11,014 113,066 150 5.899 211 267 592,013 Covid.19 $uppc¥l grants were receNed from UK Local AUihoritS. Page 11 continued...
IKilliam 81ak Hou5t Northants limitèd b uarant•e Notes to th Financial Slatements - on for th• ear ended 31st March 2021 nued CHARITABLE ACTIVITIES COSTS Direct Costs (see note 81 Support C05t5 (see note 91 Totals Residential Care & HousePK)Id costs Support costs 2.348,748 580.877 2,929,625 620.768 2,969.S16 DIRECT COSTS OF CHARITABLE ACTMMES 2021 2020 Employer pen$iw co$ts Seni¢)rs salary Seniors salary INICI Care staff salary Care staff salary INIC) Agency staff and care workers Volunteer allowance & expense5 Recruitment expense5 Supervision Therapists & Occtors Medical Nutntion Motor and other travel Community outing5 & activiti.es Professional fee5 52.565 159,122 14,854 1,641,876 150,074 82.033 12.349 50.560 105.120 8.971 1,362.960 120.870 316.683 24.480 2,009 320 25.247 19.185 111,317 113,230 43,814 1,000 6,550 9,141 71,861 90.023 11.01S 2.376 072 SUPPORT COSTS Residenlial support costs Estsblishmanl expenses Govemarr Costs Totals Residenlial Care & Househokj costs Support costs 239,763 341.114 580,877 39,891 239.763 39.891 620 768 10. NET INCOMEIIEXPENDITUREI Net resources a stated after tharyMWliyediting1'. 2021 2020 Audilor5' remun8ration Amortisation - intangible assets Depreci8lK)n - owned assets Oiher operating aSeS Loss on disposal offfixed assets 5,400 1,084 66,577 246,811 5.400 245 58,363 133,134 202 321 Page 12 continued...
Wrlliam Blake House Plorthants Acom limited b uarantee N tes to the Financial Stat•m•nts - contind for the eare Marth 2021 TRUSTEES. REMUNERATION AND BENEFITS Therè was no tnJste•s' remuneration or other beneffts ft>r the year ermjed 31sl March 2ff21 nor lor the year ended 31st Ilarch 2020. Trust••s' •xp•ns•s None ol Ihe tru$t8es recer¥ed expenses for the yeaT ended 31stlAar¢h 2021. for the year ended 31 st March 2020. 12. STAFF COSTS Year ended 31.3.20 Year ended 31.3.21 Wages and salarv6 Social security costs 1.971.657 183075 1.667.079 150.305 2.154.732 The average mLx)Ihty nunknr of eMpleeS Ojiing the yearwas as fdl(hv8.' Year ended Year ended 31.3.21 31.3.20 Managerial Staff Volunteers 59 76 Ouiing the year the I*"n9 tynoluments Vre p•d to staff in the fojivwing bands Year ended 31.3.19 No. Yoar •nd•d 31.3.21 No. £100.IX)J-£110.000 £80,ocKI- £WJ,000 13. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unrestrted fvnd INCOME AND ENDOWMENTS FRO Donations and legacies 2,617 Charltable activities Residential ca fees 2.665,171 Investment IrMe Other income 6,116 592,013 Total 3.265,917 EXPENDITURE ON Charitable acljvities Residential Care 8 Household costs Support costs 3.218.843 35,396 Page 13 continue(l..
Wllllam Blake House North¥nts Aeom limited b uaran Not•s to th• Financlal Slaternents- far eaf ended 31st March 2021 13. COPMJARATIVES FOR TrIE STATEMENT OF FINANCIAL ACTivmES- continued Unrestricted fund Total 3,254.239 NET INCOME 11.678 RECONCILIATION OF FUNDS Tot*1 fund$ brought forw•rd 912,257 TOTAL FUNDS CARRIEO FORWARD 923 935 14. INTANGIBLE FIXED ASSETS Strategy costs Trndemark Totals COST Al 1st April 2020 2.4SO 2.450 Al 3151 Marth 2021 AMORTISATION Al 151 April 2020 Charge lor year 332 420 332 At 31st March 2021 760 655 NET BOOK VALUE At 31st March 2021 Al 31st Mah 2020 IS. TANGIBLE FIXED ASSETS ImrAov$ments to propèty Freehohj Leasehold improvements COST At 1st April 2020 Addith)ns Disposals $74000 238,484 46,047 18.441 23.47S Al 3151 March 2021 DEPRECIATION At 1st April 2020 Charge for year 124,938 1.155 2.229 Al 3111 March 2021 167674 14ET BOOK VALUE At 31 st March 2021 At 31st March 2020 Page 14 conlinued...
Wllllam Blake House No Acom limited b uarantee Not•s to th• Flnanclal Staternents - continu for thè èar •ndèd 31st Mareh 2021 15. TANGIBLE FIXED ASSETS - continued FExtures and fittings Plant machinery Motor V•hleS Totals COST At 1st April 2020 Addnions Disposals 113,308 2.292 175,030 11.570 $4.000 1.175.063 83,384 20 0001 At 31st March 2021 1238,447 DEPRECIATION Al 1st April 2020 Charge for year 53.899 130,005 309.997 Al 31 $1 Morch 2021 376 575 NET BOOK VALUE At 3131 Mwch 2021 161 872 Al 31st March 2020 59.4CG 865 C68 Included in fixed assets is freehold land thal has been revalL*d at an open market value of £575,000. The valuation was carried out by Fisher German LLP Chartwed SuNeyors on 1st October 2020. 18. STOCKS 2021 2020 St¢)cks 799 17. DEBTORS: AMOUNTS FALUNG OVE WITHIN ONE YEAR 2021 2020 Trade debtors Other debtors Prepayments and accrued income 313,992 4,549 158.648 8,806 11.582 18. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2021 2020 Bank loans and overdrafts (see note 20) Trade credilors Social security and other taxes Olher dItOrS sa and leaseback NPV adjustment A¢¢ruals aThJ deferred income 8.333 110.086 204.848 18.177 53,642 43,506 29,057 78,462 261.630 Page 15 continued...
William Blak• HOU Northants Acom limitèd uardnt•• Fin ear en ontlnued 31 hlarch 2021 for the 19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 2020 Bank loan5 Isee note 20) 20. LOANS An anatysi$ of the maturity of kAns is gr4en below.. 2021 2020 Amounts falling due vthin one year on dernd. Bank loans Amounts falling betren one 8nd two years: Bank loans- 1-2 years ArThwnts tslling due between h¥0 and five yeats: Bank loans- 2-5 yèa Amounts falling du• in more than fve year5: Rèp8yaYè by instalmenis.. Bank loans- 5 years or mre 8.333 21. LEASING AGREENTs Mininum lease paynts under rnrbcan¢dW8 operntir¥J leases fall due as folcws.. 2021 2020 Wihin one year Been one and fjve years 224.408 107 321 219.983 181.429 331729 401412 22. SECURED DEBTS National Wostminster Bk have a ffixed tharge over al assets ofthe company dated 23rd November 2018. 23. OVEMENT IN FUNDS Nel movement in funds At 31.3.21 At 1.4.20 Unre$trl¢t•d lunds Gerwal fund 923.935 4,865 928.800 TOTAL FUNI)S 928 800 Net movement in fiJnd5. dlJ¢d in th¢ atw)ve are as folbm.. Inccrfning Tesource5 RosoLwces eXnled Movement in funds Unrestrlcted lunds General fund 2,974.381 12.969,5161 4.865 TOTAL FUNDS 2 974 381 2 969 S161 Page 16 conthnued...
William Bl kt H¢)use Narthants Irmited b uarantte s to the Financial Sta ents- Conti for the ear end d 31st March 2021 23. h10VEMENT IN FUNDS- ¢ontlnued Comparnti¥•s for mov•m•nt In fwNI8 Net movement in funds Al 31.3.20 At1.4.19 Unregtricted lundB General fijnd 912.257 11.678 923.935 TOTAL FUNDS 912257 923,935 C¢%nparwe net nJ)vement in funds. induded in the above are as follryws: Inc(¥ni resource5 Resources expended Movèment in lunds Unr•stricted funds General fund 3.265,917 13.254.239} 11,878 TOTAL FUNDS 3 265.917 3 254 239 A ¢urrent y•af 12 nthS ar)d wior 12 nwnihs combld p05rfion is as follows.. Net movement in frjnds At 31.3.21 At 1.4.19 Unf•strleted lunds General fund 912.257 16.543 928,8CK] TOTAL FUNDS 928 800 A curn1 year 12 monlhs arnl prior year 12 mtyths c¢%ntsned net movement in funds. induded in the above a as lolbws.. IIng Resources expended Movement Ml funds Unrestrlcted funds General fund 6,240298 {6.223.7551 16.543 TOTAL FUNDS 6.240.298 6,223 7551 16.543 Purpose¥ ol reStrICt•d fund• The objecliv of the Trustèes, Reserves pSi¢y is to ensure the pmwsK)n of aequate capital resrAr¢e$. The poly adopted to achieve this 1$ to buiKI up the Nel Current Assets protKJrtion of Ihe Unrestricted Income Ftsnd lo a minimum level eqUant to tsvo months. valuè of the budgeled runnin9 costs for Ihe ensuing year. At 3151 March 2021 Ihis rUre is e5bmated to be £41YJ.(W. The application of ihese funds is being utib'sed lo give the charity a rTh)re secu financial fthure to meet the aims of Ihe Chty for many years lo come. It is Ihe hope ofthe Iw51ee$ Ihat onty by continuing this approach can they ¥¢hièvè the reserve poli¢y they have •Jopted. Page 17 ¢ontinued...
illiam Blake House Northan Acom an uarantee toth•Fi ncial Ststsm•nt- ear ende h 2021 CAPITAL COIAMITMENTS There were no Cathi com¥1Men1$ as at 31st March 2021 I2NI> 25. RELATED PARfi DISCLOSURES There were no related paty Iransa¢tton$ forthe year erKled 31st Marrh 2021 or at 31st Mah 2020. B Hamid was appointed as a tnjstee C 3rd December 2019. Previousfyf he had trnded with the Charity for 15 years and Ihe terms oflfade have nol charyd since he became a tnJstee. Therefore a related party disdosure is rt csKIefed as appropriate. RECONciuAnoN OF NET INCOME TO IT CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 Net Incoffle lor ts r•portlng period {as r th? Statement of Flnanclal Activities) Adjuslments for. Depreciation charges L05sllprofitl on th"sposal of fixed assets Interest received Interest paid Increase in stocks IlncreaselldeGreèse in debtors In¢reasÉlldecreasel ¢rÉ(lrtors 4,865 11,678 67.661 20.000 13371 4,328 112.6011 1227.2231 58,608 1372.6791 16,1161 4,195 17991 15,086 189 803 Net £h u¥ed in operations 33 728} 479.8501 27. ANALYSIS OF CHANGES IN NET FUNDS At 1.4.20 Cash flow At 31.3.21 Net ¢a$h Cash at bank and in hand 138.546 D•bt Debts falling due wthin 1 year Debts falling due afier 1 year 18.3331 416661 18.3331 41 6661 49 9991 TotsS 130 1021 Page 18 cLfflt1nLd...
Illiam Blak House Northants Acom limited b Notss to Flnancial Ststem•nts- continued for thè Èar ended 31st Mafeh 2021 28. COMPANY LIMITED BY GUARANTEE Willi8m Blake House Notlhants 1$ a private C4)mpany IAniteO by warantee. registered in Engtand and Wale5 and ordingty d$ not hav¢ a shafe ¢apital. Every member of the mparbY underiakes to contwthte such amount as may be required not exceeding £1 to the a$set$ of th¢ tharitsbk Company in the evenl of its being wound she is a member, or within one year after he of she ceases to be a member. 29. COVID-19 The Covid 19 Pandemic $wfi¢anlty affected the way tr* chariiys operations were Carr oul in the finanual year lo 31$t March 2021. Th¢ Pandem gave rise lo national and tiered lockdowns. This lum caused the ehaity to undertake measures lo keep residents safe and io deliw the care for leSents and day cen users in ¥ ¢ovid-safe way. The twstees are hopeful Ihat large scale vaCrInatn of the UK populati wll wean that theTe will be a retum to pre covid nOalty after the year end for residents. day care centre user5 arKI staff. Page 19