# 




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||**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**|





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|**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|





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|||**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_|





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||||**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_|





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|**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||||





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||**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_||





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|||**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_||





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|||**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_||





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|||**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_|





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||**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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||**Tangible**<br>**fixed**||**assets**|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||**u. a**|**E °**||11 , . • L a<br>**0**|**2**|**c**||**40 15 .C2 Ca**|**_C,_**<br>**_>_**|**00**<br>**2 .E**|**11'." g 44**|||||||||**41**<br>**O**|
|**Co N**<br>**•**<br>**76**<br>**ca**<br>**co**<br>**>**<br>**=**<br>**_r)_ ..r.,−**<br>**O co**<br>**o**<br>**.....**<br>**:c**<br>**al**<br>**8 — −8**<br>**o**<br>**<**<br>**_C_**||C<br>'<br>−<br>**ON**||**CO**<br>**a**<br>**4−**<br>**ri**|||**r..**<br>**Co'**<br>**in**<br>**.**<br>**0**<br>U)<br>**r−:.**|||**I**<br>**W**|CD|**_4−_**|**COO**<br>**_a_**|**.....**<br>**i**<br>**141 i**||**17)**|00)<br>**T**<br>**4 " N**||||**_1−7_**|**NW**<br>**CI 0)**<br>**.kr..**<br>**(xT**<br>**CO**||
|**4−**<br>**c'**<br>**Z**|**. 0**<br>**E**<br>**a)**<br>**43**|**0**<br>**(NI**<br>**iii**|**c71**|||||||||||||**CO**||CO|CD|||||
|CoN—<br>**E**<br>'<br>E<br>i_,−<br>‘2.<br>**0 ) . . c**<br>**0<— 0**<br>**0**|**c.71 2−IT**<br>**0**<br>**c**<br>**N**<br>**a)**<br>**co**<br>**o**<br>**−**<br>**o**<br>**.{−;**<br>co **8 8**<br>**−−−**<br>**c**<br>**To**|||−|||||||||||••••••|||**Csl N 'cr**<br>**CO ID N**<br>**N**||||||
|**C 7**<br>**,,**<br>**4**|**.0**<br>**E**<br>**8**<br>**a)**|**•−•**<br>**N**<br>**o"**||||||||||||||||||||||
|**=**<br>**Ty**<br>**>**<br>**Jg**<br>8o<br>**.**<br>**0**<br>**..**<br>C<br>)<br>**Z**||**o**||||||||||||||||||||||
|**,_**<br>0<br>**_...,_**<br>**4**|**.0**<br>**E**<br>**a)**<br>**2**|**N**<br>**o**<br>**'al**|**C71**|||||||||||||||||**LC/**|||**I**|
|**_At_**<br>**_31_**||**_Decmber_**|**_2020_**|**N−−""**|||**(r)**<br>**(N.1**<br>**CO**<br>**(SCO**|||||||||**<AO**|||**CO**|||||





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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_|



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||**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_|





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||||||**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**|





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|**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_|





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|**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_|



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|**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**|





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||_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_|





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|||**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_|





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