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||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|





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||||||_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<br>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||||





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||**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_||



## 

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||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2020**|**2020**|_2019_|
|Fundraising income|87|**87**|_9,658_|
|_Total 2019_|9,658|9,658||





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||**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**||



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||**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_||





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||**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_||



## 



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|||**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|||



## 



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||||||**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_|





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## 

|||_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_|





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## 

||**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_|



## 



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## 

|**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**|





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## 

|**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_|





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## 

## 

## 

||**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_|



## 

##