| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2−11 |
| independent Auditors' Report on the Financial Statements | 12 −15 |
| Statement of Financial Activities | 16 |
| Balance Sheet | 17 |
| Statement of Cash Flows | 18 |
| Notes to the Financial Statements | 19 −36 |
| Trustees | Tracey May (resigned as Chair and as a Trustee 31 March 2021) |
|---|---|
| Professor Gill Davies, Chair (appointed Chair 1 April 2021) | |
| Alison Eaton (appointed 9 January 2021, resigned 30 September 2021) — | |
| Susan Hurford (appointed 9 January 2021, resigned 18 September 2022) | |
| Angus Langford (appointed 9 January 2021) | |
| Roger Musson (resigned 30 October 2021) | |
| Hilary Thomas (appointed 9 January 2021) | |
| Lesley Miles (appointed 1 October 2021) | |
| Joanne Williams (appointed 1 April 2022) | |
| 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 Comford, Head of Fundraising | |
| Independent auditors | Xeinadin Audit Limited |
| Chartered Accountants and Statutory Auditors | |
| 12 Conqueror Court | |
| Sittingboume | |
| Kent | |
| ME10 5BH | |
| Bankers | HSBC |
| 94 Terminus Road | |
| Eastbourne | |
| East Sussex | |
| BN21 3FD | |
| Solicitors | Heringtons |
| 37−39 Gildredge Road | |
| Eastbourne | |
| East Sussex | |
| BN21 4RX |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 4 | 5,180 | 35,547 | 40,727 | 205,970 |
| Charitable activities | 5 | 4,873,457 | 48,667 | 4,922,124 | 5,018,855 |
| Other trading activities | 6 | 2,596 | 2,596 | 87 | |
| Investments | 7 | 335 | |||
| − | |||||
| Other income | 8 | 137,130 | 137,130 | 40,594 | |
| Total income | 4,881,233 | 221,344 | 5,102,577 | 5;265,841 | |
| Expenditure on: | |||||
| Raising funds | 9 | 4,571 | 4,571 | 2,689 | |
| Charitable activities | 10 | 4,803,278 | 207,374 | 5,010,652 | 4,893,856 |
| Total expenditure | 4,807,849 | 207,374 | 5,015,223 | 4,896,545 | |
| Net movement in funds before other | |||||
| recognised gains/(losses) | 73,384 | 13,970 | 87,354 | 369,296 | |
| Other recognised gains/(losses): | |||||
| Losses on revaluation of fixed assets | (17,383) | (17,383) | |||
| Net movement in funds | 56,001 | 13,970 | 69,971 | 369,296 | |
| Reconciliation of funds: | |||||
| Total funds brought forward as | |||||
| previously stated | 804,450 | 1,879,812 | 2,684,262 | 2,461,418 | |
| Prior year adjustment | (146,452) | ||||
| Total funds brought forward as restated | 804,450 | 1,879,812 | 2,684,262 | 2,314,966 | |
| Net movement in funds | 56,001 | 13,970 | 69,971 | 369,296 | |
| Total funds carried forward | 860,451 | 1,893,782 | 2,754,233 | 2,684,262 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | ||||
| Fixed assets | |||||
| Tangible assets | 15 | 1,989,847 | 2,051,627 | ||
| 1,989,847 | 2,051,627 | ||||
| Current assets | |||||
| Debtors | 16 | 812,075 | 579,086 | ||
| Cash at bank and in hand | 672,568 | 694,176 | |||
| 1,384,643 | 1,273,262 | ||||
| Creditors: amounts falling due within one | |||||
| year | 17 | (620,257) | (640,627) | ||
| Net current assets | 764,386 | 632,635 | |||
| Total assets less current liabilities | 2,754,233 | 2684,262 | |||
| Total net assets | 2,754,233 | 2,684,262 | |||
| Charity funds | |||||
| Restricted funds | 18 | 1,893,782 | 1,879,812 | ||
| Unrestricted funds | 18 | 860,451 | 804,450 | ||
| Total funds | 2,754,233 | 2684,262 |
| For the year ended 31 December 2 | 021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Note | |||
| Cash flows from operating activities | |||
| Net cash used in operating activities | 21 | (5,606) | 67Z064 |
| Cash flows from investing activities | |||
| Dividends, interests and rents from investments | 335 | ||
| Purchase of tangible fixed assets | (63,962) | (19,524) | |
| Net cash used in investing activities | (63,962) | (19,189) | |
| Cash flows from financing activities | |||
| Repayments of borrowing | (52,040) | (209,360) | |
| Net cash used in financing activities | (52,040) | (209,360) | |
| Change in cash and cash equivalents in the year | (121,608) | 443,515 | |
| Cash and cash equivalents at the beginning of the year | 694,176 | 250,661 | |
| Cash and cash equivalents at the end of the year | 22 | 572,568 | 694,176 |
| The notes on pages 19 to 36 form part of these financial statements |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | r | |
| Donations | 5,180 | 5,180 | 27,286 | |
| Grants | 35,547 | 35,547 | 178,684 | |
| 5,180 | 35,547 | 40,727 | 205,970 | |
| Total 2020 | 27,286 | 178,684 | 205,970 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | r | |
| Nursing and care sevices | 4,873,457 | 48,667 | 4,922,124 | 5,018,855 |
| Total 2020 | 4,960,889 | 57,966 | 5,018,855 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Fundraising income | 2,596 | 2,596 | 87 |
| Total 2020 | 87 | 87 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| £ | £ | £ | ||
| Investment income | 335 | |||
| Total 2020 | 335 | 335 | ||
| 8. | Other incoming resources | |||
| Restricted | Total | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| £ | £ | £ | ||
| COVID−19 Grants | 137,130 | 137,130 | 40,594 | |
| Total 2020 | 40,594 | 40,594 | ||
| 9. | Expenditure on raising funds | |||
| Costs of raising voluntary income | ||||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| £ | £ | £ | ||
| Fundraising costs | 4,571 | 4,571 | 2,689 | |
| Total 2020 | 2,689 | 2,689 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | r | ||
| Nursing and care sevices | 4,803,278 | 207,374 | 5,010,652 | 4,893,856 | |
| Total 2020 | 4,800,778 | 93,078 | 4,893,856 | ||
| 11. | Analysis of expenditure by activities | ||||
| Activities | |||||
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Nursing and care sevices | 2,649,040 | 2,361,612 | 5,010,652 | 4,893,856 | |
| Total 2020 | 2,783,244 | 2,110,612 | 4,893,856 | ||
| Analysis of direct costs | |||||
| Nursing and | |||||
| care | Total | Total | |||
| sevices | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| Staff costs | 2,649,040 | 2,649,040 | 2,783,244 | ||
| Total 2020 | 2,783,244 | 2,783,244 |
| Nursing and | ||||
|---|---|---|---|---|
| care | Total | Total | ||
| sevIces | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| Staff costs | 838,498 | 838,498 | 825,577 | |
| Depreciation | 108,359 | 108,359 | 113,644 | |
| Medical and nursing | 108,452 | 108,452 | 162,007 | |
| Catering and housekeeping | 171,291 | 171,291 | 148,925 | |
| Premises costs, maintenance and security | 387,612 | 387,612 | 341,896 | |
| Miscellaneous | 43,375 | 43,376 | 39,151 | |
| Advertising and marketing | 3,648 | 3,648 | 5,830 | |
| Motor vehicle costs | 3,143 | 3,143 | 3,585 | |
| Travel and entertainment | 5,509 | 5,509 | 2,051 | |
| Printing and stationery | 13,030 | 13,030 | 12,762 | |
| Phones and IT | 82,648 | 82,648 | 74,031 | |
| Agency costs | 424,739 | 424,739 | 269,233 | |
| Subscriptions | 11,156 | 11,156 | 13,734 | |
| Bank charges | 2,432 | 2,432 | 12,655 | |
| Interest charges | 140 | 140 | 3641 | |
| Professional fees | 26,202 | 26,202 | 6,369 | |
| Recruitment fees | 33,174 | 33,174 | 37,868 | |
| Loss on disposal of fixed assets | 9,814 | |||
| Life insurance scheme | 9,768 | 9,768 | 15,133 | |
| Bad debt expense | 75,611 | 76,611 | ||
| Governance costs | 12,825 | 12,825 | 12,706 | |
| 2,361,612 | 2,361,612 | 2,110,612 | ||
| Total 2020 | 2,110,612 | 2110,612 | ||
| 12. | Auditors' remuneration | |||
| 2021 | 2020 | |||
| 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 |
| 2021 | 2020 | |
|---|---|---|
| £ | ||
| Wages and salaries | 3,153,630 | 3,246,181 |
| Social security costs | 266,004 | 268,113 |
| Contribution to defined contribution pension schemes | 67,904 | 94,527 |
| 3,487,538 | 3,608,821 |
| 2021 | 2020 | ||
|---|---|---|---|
| No. | No. | ||
| Provision | of services | 139 | 149 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| No. | No. | |||||
| In | the | band | £70,001 | −£80,000 | ||
| In | the | band | £80,001 | −£90,000 | 1 |
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| 2021 | 2020 | |
|---|---|---|
| E | ||
| Due within one year | ||
| Trade debtors | 732,326 | 500,056 |
| Other debtors | 18,855 | 17,810 |
| Prepayments and accrued income | 60,895 | 61,220 |
| 812,075 | 579,086 |
| 2021 | 2020 | |
|---|---|---|
| E | ||
| Bank loans | 52,040 | |
| Trade creditors | 170,718 | 132,373 |
| Other taxation and social security | 69,741 | 66,155 |
| Other creditors | 27,676 | 47,728 |
| Accruals and deferred income | 352,222 | 342,331 |
| 620,257 | 640,627 | |
| 2021 | 2020 | |
| E | £ | |
| Deferred income at 1 January 2021 | 91,215 | 86,091 |
| Resources deferred during the year | 103,623 | 91,215 |
| Amounts released from previous periods | (91,215) | (86,091) |
| Deferred income at 31 December 2020 | 103,623 | 91,215 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||
| January | Gains/ | December | |||
| 2021 | **Income ** | Expenditure | (Losses) | 2021 | |
| Unrestricted funds | |||||
| Designated funds | |||||
| Designated Funds | 90,500 | 90,600 | |||
| General funds | |||||
| General Funds | 713,950 | 4,881,233 | (4,807,849) | (17,383) | 769,951 |
| Total Unrestricted funds | 804,450 | 4,881,233 | (4,807,849) | (17,383) | 860,451 |
| Restricted funds | |||||
| Lottery Funding | 40,854 | 40,854 | |||
| The Chaseley Trust −1090579 | 75,907 | 75,907 | |||
| The Chaseley Trust −211714 | 1,164,279 | 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 | 11,260 | 163,677 | (174,937) | ||
| Core Services Funding | 114,230 | 52,667 | (4,000) | 162,897 | |
| Shower Room Funding | 68,490 | (23,437) | 45,053 | ||
| Lift Refurbishment Funding | − | 1,000 | (1,000) | ||
| Bathroom Refurbishment | |||||
| Funding | − | 4,000 | (4,000) | ||
| 1,879,812 | 221,344 | (207,374) | 1,893,782 | ||
| Total of funds | 2,684,262 | 5,102,577 | (5,015,223) | (17,383) | 2,754,233 |
| Statement of funds −prior year | ||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at | 31 | |||
| 1 January | December | |||
| 2020 | Income | Expenditure | 2020 | |
| Unrestricted funds | ||||
| Designated funds | ||||
| Designated Funds | 90,500 | 90,500 | ||
| Balance at | ||||
| Balance at | 31 | |||
| 1 January | December | |||
| 2020 | Income | Expenditure | 2020 | |
| 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 |
| Summary of funds −cu | rrent year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | 31 | ||||
| January | Gains/ | December | |||
| 2021 | **Income ** | Expenditure | (Losses) | 2021 | |
| Designated funds | 90,600 | − | 90,500 | ||
| General funds | 713,950 | 4,881,233 | (4,807,849) | (17,383) | 769,951 |
| Restricted funds | 1,879,812 | 221,344 | (207,374) | − | 1,893,782 |
| 2,684,262 | 5,102,577 | (6,016,223) | (17,383) | 2,754,233 |
| Summary of funds −prior year | ||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at | 31 | |||
| 1 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 |
| Analysis of net assets between funds −cu | rrent year | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Tangible fixed assets | 344,860 | 1,644,987 | 1,989,847 |
| Current assets | 515,591 | 869,052 | 1,384,643 |
| Creditors due within one year | (620,257) | (620,257) | |
| Total | 860,451 | 1,893,782 | 2,754,233 |
| Unrestricted | 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 | |
| 21. | **Reconciliation of net movement in funds to net cash flow from ** | **operating ** | activities | |
| 2021 | 2020 | |||
| Net income for the year (as per Statement of Financial Activities) | 87,354 | 369,296 | ||
| Adjustments for: | ||||
| Depreciation charges | 108,369 | 113,644 | ||
| Dividends, interests and rents from investments | (335) | |||
| Loss on disposal of fixed assets | 9,814 | |||
| Decrease/(increase) in debtors | (232,989) | 68,606 | ||
| Increase in creditors | 31,670 | 121,033 | ||
| Decrease in bad debt provision | (9,994) | |||
| Net cash provided by/(used in) operating activities | (5,606) | 672,064 | ||
| 22. | Analysis of cash and cash equivalents | |||
| 2021 | 2020 | |||
| E | ||||
| Cash in hand | 572,568 | 694,176 | ||
| Total cash and cash equivalents | 572,568 | 694,176 |
| At 1 | At 31 | |||
|---|---|---|---|---|
| January | December | |||
| 2021 | Cash flows | 2021 | ||
| Cash at bank and in hand | 694,176 | (121,608) | 572,568 | |
| Debt due within 1 year | (52,040) | 52,040 | ||
| 642,136 | (69,568) | 572,568 | ||
| 24. | Capital commitments | |||
| 2021 | 2020 | |||
| Contracted for but not provided in these financial statements | ||||
| Repairs, maintenance or enhancements to tangible fixed assets | 48,346 | |||
| 25. | Operating lease commitments | |||
| At 31 December 2021 the Company had commitments to make | future minimum lease payments under | |||
| non−cancellable operating leases as follows: |
| non−cancellable operating leases as follows: | ||
|---|---|---|
| 2021 | 2020 | |
| Not later than 1 year | 29,172 | 18,682 |
| Later than 1 year and not later than 5 years | 77,387 | 30,282 |
| Later than 5 years | 15,376 | |
| 121,935 | 48,964 |
| The following lease payments have been recognised | as an expense in the Statement of Financial | as an expense in the Statement of Financial |
|---|---|---|
| Activities: | ||
| 2021 | 2020 | |
| Operating lease rentals | 22,992 | 28,452 |