||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|4|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||||
|Notes to the Financial Statements||10|to|18|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds
f|fund
f|funds
f|fundsf|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||1,310||1,310|987|
|Charitable
activities||||||||
|Care and relief ofthe|elderly|||596,063||596,063|548,253|
|Grants received||||24,266||24,266|39,579|
|Investment
income||||1,059||1,059|878|
|Total||||622,698||622,698|589,697|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Care and relief ofthe|elderly|||588,260|155|588,415|567,516|
|NET INCOME/(EXPENDITURE)||||34,438|(155)|34,283|22,181|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||258,431|155|258,586|236,405|
|TOTAL FUNDS CARRIED FORWARD||||292,869||292,869|258,586|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|funds|funds|
|||Notes|F|E||F|
|FIXEDASSETS|||||||
|Tangible assets||10|92,354||92,354|91,884|
|CURRENT ASSETS|||||||
|Debtors||11|32,292||32,292|18,114|
|Cash at bank and|in hand|12|207,635||207,635|174,323|
||||239,927||239,927|192,437|
|CREDITORS|||||||
|Amounts
falling due within one year||13|(39,412)||(39,412)|(25,735)|
|NET CURRENT ASSETS|||200,515||200,515|166,702|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||292,869||292,869|258,586|
|NET ASSETS|||292,869||292,869|258,586|
|FUNDS||15|||||
|Unrestricted
funds:|||||||
|General
fund|||||292,869|258,431|
|Restricted
funds||||||155|
|TOTAL FUNDS|||||292,869|258,586|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes||E|
|Cash flows from operating|activities|||||
|Cash generated
from operations||||38,967|68,546|
|Net cash provided
by operating
activities||||38,967|68,546|
|Gash flows from investing|activities|||||
|Purchase oftangible
fixed assets||||(6,772)|(6,704)|
|Interest received||||1,117|391|
|Net cash used
in investing
activities||||(5,655)|(6,313)|
|Change
in cash and cash|equivalents|in||||
|the reporting
period||||33,312|62,233|
|Cash and cash equivalents|at the|||||
|beginning
ofthe reporting|period|||174,323|112,090|
|Cash and cash equivalents|at the end|of||||
|the reporting
period||||207,635|174,323|
##
|RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM OPERATING|OF NET INCOME TO NET CASH FLOW FROM OPERATING|OF NET INCOME TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|F|
|Net income for the||reporting||period (as per the Statement ofFinancial|||
|Activities)|||||34,283|22,181|
|Adjustments
for:|||||||
|Depreciation
charges|||||6,132|5,350|
|Loss on disposal of||fixed assets|||170||
|Interest received|||||(1,117)|(391)|
|(Increase)/decrease||in debtors|||(14,178)|36,260|
|Increase
in creditors|||||13,677|5,146|
|Net cash provided||by operations|||38,967|68,546|
|ANALYSIS OF CHANGES|||IN NET FUNDS||||
|||||At 1.1.21|Cash Row|At 31.12.21|
|||||f|||
|Net cash|||||||
|Cash at bank and|in|hand||174,323|33,312|207,635|
|||||174,323|33,312|207,635|
|Total||||174,323|33,312|207,635|
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|DONATIONS
AND LEGACIES|||
|---|---|---|
||2021|2020|
|||E|
|Donations|1,310|987|
|INVESTMENT INCOME|||
||2021|2020|
|||E|
|interest received from deposits|1,059|878|
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|INCOME FROM|CHARITABLE ACTIV|ITIES||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Care and||||
|||relief of||||
|||the|Grants|Total|Total|
|||elderly|received|activities|activities|
|||F|E|E|F|
|Accommodation|charges|596,063||596,063|548,253|
|Grants|||24,266|24,266|39,579|
|||596,063|24,266|620,329|587,832|
##
|Cornwall
council COVID-19 infection control fund|Cornwall
council COVID-19 infection control fund|||||11,040|
|---|---|---|---|---|---|---|
|Cornwall
council COVID-19 rapid testing|fund|||||10,780|
|Department
of Health and Social Care-|Clinically|Extremely|Vulnerable|Grant||1,800|
|HMRC- Furlough
receipts||||||454|
|HMRC- SSPgrant||||||192|
|SUPPORT COSTS|||||||
||||||Support||
|||||Direct|costs (see||
|||||Costs|note 6)|Totals|
|Care and relief ofthe elderly||||501,262|87,153|588,415|
|SUPPORT COSTS|||||||
|||||Human|Governance||
|||Management||resources|costs|Totals|
|||F||F|F|E|
|Care and relief ofthe elderly||83,474||625|3,054|87,153|
##
|Management|||
|---|---|---|
||2021|2020|
||Care and||
||relief of||
||the|Total|
||elderly|activities|
|||E|
|Hire of plant and machinery|2,440|2,384|
|Rates and water|14,865|13,207|
|Insurance|4,252|3,885|
|Light and heat|16,868|15,236|
|Telephone|585|518|
|Postage and stationery|1,945|2,767|
|Carried forward|40,955|37,997|
##
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|Management|Management|Management|-continued|-continued||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||Care and||
|||||||relief of||
|||||||the|Total|
|||||||elderly|activities|
||||||||F|
|Brought||forward||||40,955|37,997|
|Advertising||||||26||
|Sundries||||||481||
|Training||and|welfare|||2,807|2,438|
|Licences||||||2,481|2,612|
|Repairs||and|renewals|||30,422|35,126|
|Depreciation|||oftangible|and heritage assets||6,132|5,350|
|Loss on||sale|oftangible|fixed assets||170||
|||||||83,474|83,523|
|Human|resources|||||||
|||||||2021|2020|
|||||||Care and||
|||||||relief of||
|||||||the|Total|
|||||||elderly|activities|
||||||||F|
|Professional|||fees|||625|588|
|Governance|||costs|||||
|||||||2021|2020|
|||||||Care and||
|||||||relief of||
|||||||the|Total|
|||||||elderly|activities|
|||||||F||
|Trustees'||expenses||||13|7|
|Independent|||examiners'|costs||2,053|3,313|
|Accountancy|||and legal|fees||988|1,928|
|||||||3,054|5,248|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||||is stated after charging/(crediting):|||
|||||||2021|2020|
||||||||F|
|Independent|||examiners'|costs||2,053|3,313|
|Depreciation|||- owned assets|||6,132|5,351|
|Hire of plant|||and machinery|||2,440|2,384|
|Deficit on||disposal offixed|||assets|170||
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|Trustees' expenses||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021f|2020f|
|Trustees' expenses||||||||||13||
|Included
in trustees expenses are costs for|||committee|||meetings,||these costs relate to all||ofthe trustees.||
|STAFF COSTS||||||||||||
|||||||||||2021|2020|
|||||||||||f||
|Wages and salaries|||||||||436,619||414,553|
|Social security costs||||||||||21,791|19,476|
|Pension costs||||||||||5,646|6,667|
|Agency costs||||||||||224|2,883|
||||||||||464,280||443,581|
|The average
monthly|number ofemployees||during||the|year was||as follows||||
|||||||||||2021|2020|
|Head count - excluding|trustees|||||||||30|32|
|No employees
received emoluments||in excess||of|f60,000.|||||||
|The employee
benefits|ofthe key management|||personnel|||was f31,237 (2020:f32,049).|||||
|TANGIBLE FIXEDASSETS||||||||||||
||||||||||Plant and|||
|||||||||Land and|machinery|||
|||||||||buildings||etcf|Totals
f|
|COST||||||||||||
|At 1 January 2021||||||||104,873||40,896|145,769|
|Additions||||||||4,980||1,792|6,772|
|Disposals||||||||||(3,523)|(3,523)|
|At 31 December 2021||||||||109,853||39,165|149,018|
|DEPRECIATION||||||||||||
|At 1 January 2021||||||||32,033||21,852|53,885|
|Charge for year||||||||3,283||2,849|6,132|
|Eliminated
on disposal||||||||||(3,353)|(3,353)|
|At 31 December 2021||||||||35,316||21,348|56,664|
|NET BOOK VALUE||||||||||||
|At 31 December 2021||||||||74,537||17,817|92,354|
|At 31 December 2020||||||||72,840||19,044|91,884|
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|DEBT|ORS:AMOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2021|2020|
||||f|f|
|Trade|debtors||27,723|13,646|
|Accrued income|||429|487|
|Prepayments|||4,140|3,981|
||||32,292|18,114|
|CASH|AT BANK AND IN|HAND|||
||||2021|2020|
||||Total|Total|
||||funds|funds|
||||f||
|Cash|in hand||193|255|
|Current account|||65,871|33,614|
|Deposit account|||55,460|55,454|
|Charity
1 year bond|||86,111|85,000|
|Total|||207,635|174,323|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
||||2021|2020|
|||||f|
|Trade|creditors||10,977|5,799|
|Deferred income|||23,510|10,916|
|Accrued expenses|||4,925|9,020|
||||39,412|25,735|
##
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|Deferred income|is the re|sult offu|nds being received
in advance.|This is calculated as follows:||
|---|---|---|---|---|---|
|||||2021f|2020
f|
|Accommodation|charges|received|in advance|23,177|10,389|
|Grant income (conditions||not met)||333|527|
|||||23,510|10,916|
##
|14.|LEASING AGR|LEASING AGR|EEMENT|S|S||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Minimum
lease||payments|under||non-cancellable|operating|leases fall due as follows:|||
||||||||||2021|2020|
||||||||||E|F|
||Within one year||||||||2,543|2,438|
||Between one|and five years|||||||4,432|7,262|
||||||||||6,975|9,700|
|15.|MOVEMENT|IN FUNDS|||||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.1.21|in funds|31.12.21|
|||||||||E|f||
||Unrestricted|funds|||||||||
||General
fund|||||||258,431|34,438|292,869|
||Restricted funds||||||||||
||Restricted
fund||||||||||
|||||||||155|(155)||
||TOTAL FUNDS|||||||258,586|34,283|292,869|
||Net movement||in funds,|included||in the above are|as follows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources
f|expended|in funds
f|
||Unrestricted|funds|||||||||
||General
fund|||||||622,698|(588,260)|34,438|
||Restricted funds||||||||||
||Restricted
fund||||||||||
||||||||||(155)|(155)|
||TOTAL FUNDS|||||||622,698|(588,415)|34,283|
||Comparatives||for movement||in|funds|||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.1.20|in funds|31.12.20|
||||||||||E|E|
||Unrestricted|funds|||||||||
||General
fund|||||||236,275|22,156|258,431|
||Restricted funds||||||||||
||Restricted
fund||||||||||
|||||||||130|25|155|
||TOTAL FUNDS|||||||236,405|22,181|258,586|
##
##
|Comparative
|net moveme|nt
in funds,
included
in the|above are|as fol|lows:|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources||Movement||||
||||||resources|expended||in funds||||
|Unrestricted|funds|||||||||||
|General
fund|||||589,672|(567,516)||||22,156||
|Restricted funds||||||||||||
|Restricted
fund||||||||||||
|||||||||||25||
|TOTAL FUNDS|||||589,697|(567,516)||||22,181||
|A current year|12months|and prior year 12months|combined|position|is as follows:|||||||
||||||||Net|||||
|||||||movement||||At||
||||||At 1.1,20
f||in funds
F|31.12.21
f||||
|Unrestricted
funds||||||||||||
|General
fund|||||236,275||56,594|292,869||||
|Restricted funds||||||||||||
|Restricted
fund||||||||||||
||||||130||(130)|||||
|TOTAL FUNDS|||||236,405||56,464|292,869||||
|A current
year|12 months|and prior year 12 months|combined|net movement||in funds,|included|in the|above||a|
|as follows:||||||||||||
||||||Incoming|Resources||Movement||||
||||||resources|expended||in||funds||
|||||||||||F||
|Unrestricted
funds||||||||||||
|General
fund||||1,212,370||(1,155,776 )||||56,594||
|Restricted funds||||||||||||
|Restricted
fund||||||||||||
||||||25||(155)|||(130)||
|TOTAL FUNDS||||1,212,395||(1,155,931 )||||56,464||
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