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2020-12-31-accounts
|
Page |
| Reference and Administrative Details of the Company, its Trustees and Advisers |
1 |
| Trustees' Report |
2−8 |
| Independent Auditors' Report on the Financial Statements |
9−11 |
| Statement of Financial Activities |
12 |
| Balance Sheet |
13 |
| Statement of Cash Flows |
14 |
| Notes to the Financial Statements |
15−32 |
| Trustees |
Tracey May (resigned as Chair and as a Trustee 31 March 2021) |
|
Gill Davies (appointed Chair 1 April 2021) |
|
Alison Eaton (appointed 9 January 2021) |
|
Susan Hurford (appointed 9 January 2021) |
|
Angus Langford (appointed 9 January 2021) |
|
Roger Musson |
|
Hilary Thomas (appointed 9 January 2021) |
| Company registered |
|
| number |
04344486 |
| Charity registered |
|
| number |
1090579 |
| Registered office |
South Cliff |
|
Eastbourne |
|
East Sussex |
|
BN20 7JH |
| Senior management |
Lesley Standing, Chief Executive Officer (resigned 31 January 2021) |
| team |
Emma−Louise Rich−Spice, Chief Executive Officer (appointed 1 February 2021) |
|
Kathy Scott, Registered Manager (resigned 31 July 2021) |
|
James Bugler, Finance Co−Ordinator |
|
Jodie Cornford, Head of Fundraising |
| Independent auditors |
Williams Giles Professional Services Ltd |
|
Chartered Accountants and Statutory Auditors |
|
12 Conqueror Court |
|
Sittingbourne |
|
Kent |
|
ME10 5BH |
| Bankers |
HSBC |
|
94 Terminus Road |
|
Eastbourne |
|
East Sussex |
|
BN21 3FD |
| Solicitors |
Heringtons |
|
37−39 Gildredge Road |
|
Eastbourne |
|
East Sussex |
|
BN21 4RX |
|
|
|
|
|
As restated |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
2019 |
|
Note |
|
|
|
|
| Income from: |
|
|
|
|
|
| Donations and legacies |
4 |
27,286 |
178,684 |
205,970 |
69,984 |
| Charitable activities |
5 |
4,960,889 |
57,966 |
5,018,855 |
4,821,613 |
| Other trading activities |
6 |
87 |
|
87 |
9,658 |
| Investments |
7 |
335 |
|
335 |
1,854 |
| Other income |
8 |
|
40,594 |
40,594 |
|
| Total income |
|
4,988,597 |
277,244 |
5,265,841 |
4,903,109 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
9 |
_2,689 |
|
2,689 |
3,533 |
| Charitable activities |
10 |
4,800,778 |
93,078 |
4,893,856 |
4,842,793 |
| Total expenditure |
|
4,803,467 |
93,078 |
4,896,545 |
4,846,326 |
| Net movement in funds |
|
185,130 |
184,166 |
369,296 |
56,783 |
| Reconciliation of funds: |
|
|
|
|
|
Total funds brought forward as
previously stated |
|
765,772 |
1,695,646 |
2,461,418 |
2,389,783 |
| Prior year adjustment |
19 |
(146,452) |
|
(146,452) |
(131,600) |
| Total funds brought forward as restated |
|
619,320 |
1,695,646 |
2,314,966 |
2,258,183 |
| Net movement in funds |
|
185,130 |
184,166 |
369,296 |
56,783 |
| Total funds carried forward |
|
804,450 |
1,879,812 |
2,684,262 |
2,314,966 |
|
|
|
|
|
As restated |
|
|
|
2020 |
|
2019 |
|
Note |
|
|
|
|
| Fixed assets |
|
|
|
|
|
| Tangible assets |
15 |
|
2,051,627 |
|
2,155,561 |
|
|
|
2,051,627 |
|
2,155,561 |
| Current assets |
|
|
|
|
|
| Debtors |
16 |
579,086 |
|
637,698 |
|
| Cash at bank and in hand |
|
694,176 |
|
250,661 |
|
|
|
1,273,262 |
|
888,359 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
17 |
(640,627) |
|
(682,197) |
|
| Net current assets |
|
|
632,635 |
|
206,162 |
| Total assets less current liabilities |
|
|
2,684,262 |
|
2,361,723 |
| Creditors: amounts falling due after more |
|
|
|
|
|
| than one year |
18 |
|
|
|
(46,757) |
| Total net assets |
|
|
2,684,262 |
|
2,314,966 |
| Charity funds |
|
|
|
|
|
| Restricted funds |
20 |
|
1,879,812 |
|
1,695,646 |
| Unrestricted funds |
20 |
|
804,450 |
|
619,320 |
| Total funds |
|
|
2,684,262 |
|
2,314,966 |
| For the year ended 31 December 2 |
020 |
|
|
|
|
2020 |
2019 |
|
Note |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Net cash used in operating activities |
23 |
672,064 |
158,437 |
| Cash flows from investing activities |
|
|
|
| Dividends, interests and rents from investments |
|
335 |
1,854 |
| Purchase of tangible fixed assets |
|
(19,524) |
(30,100) |
| Net cash used in investing activities |
|
(19,189) |
(28,246) |
| Cash flows from financing activities |
|
|
|
| Repayments of borrowing |
|
(209,360) |
(204,622) |
| Net cash used in financing activities |
|
(209,360) |
(204,622) |
| Change in cash and cash equivalents in the year |
|
443,515 |
(74,431) |
| Cash and cash equivalents at the beginning of the year |
|
250,661 |
325,092 |
| Cash and cash equivalents at the end of the year |
24 |
694,176 |
250,661 |
| The notes on pages 15 to 32 form part of these financial statements |
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Donations |
27,286 |
|
27,286 |
36,484 |
| Grants |
|
178,684 |
178,684 |
33,500 |
|
27,286 |
178,684 |
205,970 |
69,984 |
| Total 2019 |
69,984 |
|
69,984 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Nursing and care sevices |
4,960,889 |
57,966 |
5,018,855 |
4,821,613 |
| Total 2019 |
4,799,338 |
22,275 |
4,821,613 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2019 |
| Fundraising income |
87 |
87 |
9,658 |
| Total 2019 |
9,658 |
9,658 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
| Investment income |
335 |
335 |
1,854 |
| Total 2019 |
1,854 |
1,854 |
|
|
|
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
|
|
2020 |
2020 |
2019 |
|
|
£ |
£ |
£ |
| COVID−19 |
Grants |
40,594 |
40,594 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Fundraising costs |
2,689 |
− |
2,689 |
3,533 |
| Total 2019 |
1,584 |
1,949 |
3,533 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Nursing and care sevices |
4,800,778 |
93,078 |
4,893,856 |
4,842,793 |
| Total 2019 |
4,842,793 |
− |
4,842,793 |
|
| Analysis of expenditure by activities |
|
|
|
|
|
Activities |
|
|
|
|
undertaken |
Support |
Total |
Total |
|
directly |
costs |
funds |
funds |
|
2020 |
2020 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Nursing and care sevices |
2,783,244 |
2,110,612 |
4,893,856 |
4,842,793 |
| Total 2019 |
2,593,608 |
2,249,185 |
4,842,793 |
|
| Analysis of direct costs |
|
|
|
|
|
|
Nursing and |
|
|
|
|
care |
Total |
Total |
|
|
sevices |
funds |
funds |
|
|
2020 |
2020 |
2019 |
|
|
£ |
£ |
£ |
| Staff costs |
|
2,783,244 |
2,783,244 |
2,593,608 |
| Total 2019 |
|
2,593,608 |
2,593,608 |
|
|
|
Nursing and |
|
|
|
|
care |
Total |
Total |
|
|
sevices |
funds |
funds |
|
|
2020 |
2020 |
2019 |
|
|
£ |
£ |
£ |
|
Staff costs |
825,577 |
825,577 |
790,983 |
|
Depreciation |
113,644 |
113,644 |
145,655 |
|
Medical and nursing |
162,007 |
162,007 |
132,666 |
|
Catering and housekeeping |
148,925 |
148,925 |
137,766 |
|
Premises costs, maintenance and security |
341,896 |
341,896 |
371,893 |
|
Miscellaneous |
39,151 |
39,151 |
42,194 |
|
Bad debt expense |
|
|
9,176 |
|
Advertising and marketing |
5,830 |
5,830 |
4,089 |
|
Motor vehicle costs |
3,585 |
3,585 |
3,034 |
|
Travel and entertainment |
2,051 |
2,051 |
2,179 |
|
Printing and stationery |
12,762 |
12,762 |
13,365 |
|
Phones and IT |
74,031 |
74,031 |
52,654 |
|
Agency costs |
269,233 |
269,233 |
484,255 |
|
Subscriptions |
13,734 |
13,734 |
10,499 |
|
Bank charges |
12,655 |
12,655 |
12,356 |
|
Interest charges |
3,641 |
3,641 |
10,023 |
|
Professional fees |
6,369 |
6,369 |
10,112 |
|
Recruitment fees |
37,868 |
37,868 |
3,646 |
|
Loss on disposal of fixed assets |
9,814 |
9,814 |
|
|
Life insurance scheme |
15,133 |
15,133 |
|
|
Governance costs |
12,706 |
12,706 |
12,640 |
|
|
2,110,612 |
2,110,612 |
2,249,185 |
|
Total 2019 |
2,249,185 |
2,249,185 |
|
| 12. |
Auditors' remuneration |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
r |
|
Fees payable to the Company's auditor for the audit of the Company's |
|
|
|
|
annual accounts |
|
8,000 |
8,000 |
|
Fees payable to the Company's auditor in respect of: |
|
|
|
|
All non−audit services not included above |
|
2,500 |
2,500 |
|
|
As restated |
|
2020 |
2019 |
| Wages and salaries |
3,246,181 |
3,048,541 |
| Social security costs |
268,113 |
262,528 |
| Contribution to defined contribution pension schemes |
94,527 |
73,522 |
|
3,608,821 |
3,384,591 |
|
|
2020 |
2019 |
|
|
No. |
No. |
| Provision |
of services |
149 |
149 |
|
|
|
|
|
2020 |
2019 |
|
|
|
|
|
No. |
No. |
| In |
the |
band |
£80,001 |
−£90,000 |
|
|
|
|
|
|
|
Other |
|
|
Freehold |
Motor |
Fixtures |
Computer |
fixed |
|
|
property |
**vehicles ** |
**and fittings ** |
equipment |
assets |
Total |
| Cost or valuation |
|
|
|
|
|
|
| At 1 January 2020 |
3,087,557 |
108,545 |
497,966 |
146,060 |
1,126,491 |
4,966,619 |
| Additions |
|
|
19,524 |
|
|
19,524 |
| Disposals |
|
|
|
(11,410) |
(16,433) |
(27,843) |
| At 31 December 2020 |
3,087,557 |
108,545 |
517,490 |
134,650 |
1,110,058 |
4,958,300 |
| Depreciation |
|
|
|
|
|
|
| At 1 January 2020 |
1,053,637 |
108,545 |
437,604 |
131,589 |
1,079,683 |
2,811,058 |
| Charge for the year |
73,095 |
|
18,878 |
5,339 |
16,332 |
113,644 |
| On disposals |
|
|
|
(9,412) |
(8,617) |
(18,029) |
| At 31 December 2020 |
1,126,732 |
108,545 |
456,482 |
127,516 |
1,087,398 |
2,906,673 |
| Net book value |
|
|
|
|
|
|
| At 31 December 2020 |
1,960,825 |
|
61,008 |
7,134 |
22,660 |
2,051,627 |
| At 31 December 2019 |
2,033,920 |
|
60,362 |
14,471 |
46,808 |
2,155,561 |
|
2020 |
2019 |
| Due within one year |
|
|
| Trade debtors |
500,056 |
562,179 |
| Other debtors |
17,810 |
14,863 |
| Prepayments and accrued income |
61,220 |
60,656 |
|
579,086 |
637,698 |
|
|
As restated |
|
2020 |
2019 |
|
£ |
£ |
| Bank loans |
52,040 |
214,643 |
| Trade creditors |
132,373 |
99,349 |
| Other taxation and social security |
66,155 |
66,020 |
| Other creditors |
47,728 |
40,119 |
| Accruals and deferred income |
342,331 |
262,066 |
|
640,627 |
682,197 |
|
2020 |
2019 |
|
£ |
£ |
| Deferred income at 1 January 2020 |
86,091 |
80,450 |
| Resources deferred during the year |
91,215 |
86,091 |
| Amounts released from previous periods |
(86,091) |
(80,450) |
| Deferred income at 31 December 2020 |
91,215 |
86,091 |
|
2020 |
2019 |
| Bank loans |
|
46,757 |
| Included within the above are amounts falling due as follows: |
|
|
|
2020 |
2019 |
| Between one and two years |
|
|
| Bank loans |
|
46,757 |
| Statement of funds −current year |
|
|
|
|
|
As restated |
|
|
Balance at |
|
Balance at 1 |
|
|
31 |
|
January |
|
|
December |
|
2020 |
**Income ** |
Expenditure |
2020 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Designated funds |
|
|
|
|
| Designated Funds |
90,500 |
|
|
90,500 |
| General funds |
|
|
|
|
| General Funds |
528,820 |
4,988,597 |
(4,803,467) |
713,950 |
| Total Unrestricted funds |
619,320 |
4,988,597 |
(4,803,467) |
804,450 |
| Restricted funds |
|
|
|
|
| Lottery Funding |
40,854 |
|
|
40,854 |
| The Chaseley Trust −1090579 |
75,907 |
|
|
75,907 |
| The Chaseley Trust −211714 |
1,174,093 |
|
(9,814) |
1,164,279 |
| Diamond Jubilee Appeal Fund |
262,549 |
|
|
262,549 |
| The Soldiers' Charity (Army Benevolent Fund) |
117,018 |
|
|
117,018 |
| Queen Mary's Roehampton Trust |
25,225 |
|
|
25,225 |
| COVID−19 Funding |
|
90,408 |
(79,148) |
11,260 |
| Core Services Funding |
|
115,351 |
(1,121) |
114,230 |
| Shower Room Funding |
|
71,485 |
(2,995) |
68,490 |
|
1,695,646 |
277,244 |
(93,078) |
1,879,812 |
| Total of funds |
2,314,966 |
5,265,841 |
(4,896,545) |
2,684,262 |
| Statement of funds −prior year |
|
|
|
|
|
|
|
|
As restated |
|
As restated |
|
|
Balance at |
|
Balance at |
|
|
31 |
|
1 January |
|
|
December |
|
2019 |
Income |
Expenditure |
2019 |
| Unrestricted funds |
|
|
|
|
| Designated funds |
|
|
|
|
| Designated Funds |
90,500 |
|
|
90,500 |
|
|
|
|
As restated |
|
As restated |
|
|
Balance at |
|
Balance at |
|
|
31 |
|
1 January |
|
|
December |
|
2019 |
Income |
Expenditure |
2019 |
| General funds |
|
|
|
|
| General Funds |
492,363 |
4,880,834 |
(4,844,377) |
528,820 |
| Total Unrestricted funds |
582,863 |
4,880,834 |
(4,844,377) |
619,320 |
| Restricted funds |
|
|
|
|
| Lottery Funding |
20,528 |
22,275 |
(1,949) |
40,854 |
| The Chaseley Trust−1090579 |
75,907 |
|
|
75,907 |
| The Chaseley Trust−211714 |
1,174,093 |
|
|
1,174,093 |
| Diamond Jubilee Appeal Fund |
262,549 |
|
|
262,549 |
| The Soldiers' Charity (Army Benevolent Fund) |
117,018 |
|
|
117,018 |
| Queen Mary's Roehampton Trust |
25,225 |
|
|
25,225 |
|
1,675,320 |
22,275 |
(1,949) |
1,695,646 |
| Total of funds |
2,258,183 |
4,903,109 |
(4,846,326) |
2,314,966 |
|
As restated |
|
|
Balance at |
|
Balance at 1 |
|
|
31 |
|
January |
|
|
December |
|
2020 |
**Income ** |
Expenditure |
2020 |
| Designated funds |
90,500 |
|
|
90,500 |
| General funds |
528,820 |
4,988,597 |
(4,803,467) |
713,950 |
| Restricted funds |
1,695,646 |
277,244 |
(93,078) |
1,879,812 |
|
2,314,966 |
5,265,841 |
(4,896,545) |
2,684,262 |
| Summary of funds −prior year |
|
|
|
|
|
|
|
|
As restated |
|
As restated |
|
|
Balance at |
|
Balance at |
|
|
31 |
|
1 January |
|
|
December |
|
2019 |
Income |
Expenditure |
2019 |
| Designated funds |
90,500 |
|
|
90,500 |
| General funds |
492,363 |
4,880,834 |
(4,844,377) |
528,820 |
| Restricted funds |
/,675,320 |
22,275 |
(1,949) |
1,695,646 |
|
2,258,183 |
4,903,109 |
(4,846,326) |
2,314,966 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
| Tangible fixed assets |
406,649 |
1,644,978 |
2,051,627 |
| Current assets |
397,801 |
875,461 |
1,273,262 |
| Creditors due within one year |
|
(640,627) |
(640,627) |
| Total |
804,450 |
1,879,812 |
2,684,262 |
|
Analysis of net assets between funds −prior period |
|
|
|
|
|
As restated |
|
As restated |
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2019 |
2019 |
2019 |
|
|
£ |
£ |
£ |
|
Tangible fixed assets |
459,915 |
1,695,646 |
2,155,561 |
|
Current assets |
888,359 |
|
888,359 |
|
Creditors due within one year |
(682,197) |
|
(682,197) |
|
Creditors due in more than one year |
(46,757) |
|
(46,757) |
|
Total As restated |
619,320 |
1,695,646 |
2,314,966 |
| 23. |
**Reconciliation of net movement in funds to net cash ** |
**flow from operating ** |
activities |
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Net income for the period (as per Statement of Financial |
Activities) |
369,296 |
56,783 |
|
Adjustments for: |
|
|
|
|
Depreciation charges |
|
113,644 |
145,655 |
|
Dividends, interests and rents from investments |
|
(335) |
(1,854) |
|
Loss on disposal of fixed assets |
|
9,814 |
− |
|
Decrease/(increase) in debtors |
|
68,606 |
(40,207) |
|
Increase/(decrease) in creditors |
|
121,033 |
(1,940) |
|
Decrease in bad debt provision |
|
(9,994) |
− |
|
Net cash provided by operating activities |
|
672,064 |
158,437 |
| 24. |
Analysis of cash and cash equivalents |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
|
Cash in hand |
|
694,176 |
250,661 |
|
Total cash and cash equivalents |
|
694,176 |
250,661 |
|
|
At 1 |
|
At 31 |
|
|
January |
|
December |
|
|
2020 |
Cash flows |
2020 |
| Cash |
at bank and in hand |
250,661 |
443,515 |
694,176 |
| Debt |
due within 1 year |
(214,643) |
162,603 |
(52,040) |
| Debt |
due after 1 year |
(46,757) |
46,757 |
|
|
|
(10,739) |
652,875 |
642,136 |
|
2020 |
2019 |
| Not later than 1 year |
18,682 |
26,366 |
| Later than 1 year and not later than 5 years |
30,282 |
47,238 |
| Later than 5 years |
|
1,726 |
|
48,964 |
75,330 |
|
|
|
2020 |
2019 |
| Operating |
lease |
rentals |
28,452 |
25,691 |