2021-03-31-accounts - Job's Close Residential Home For The Elderly

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		Page
Chairmen's statement
Trustees' report		2-6
Auditor's report		7-9
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows
Notes to the financial	statements	13-22

Company	Name	Job's Close Residential	Home for the Elderly
Charity number		1101597
Company	number	04741522
Registered	of6ce	Lodge Road, Knowle,	Solihull, West Midlands 693OHF
Trustees

Senior Executive	Mrs. E I Carlton (Manager)	Mrs. E I Carlton (Manager)
Accountant	Be Buoyant	Limited
	Reinsbrook
	Samboume	Park
	Samboume
	B966PE
Auditor	Arundales
	Stowe House
	1668 High Street
	Knowle
	Solihull
	B93OLY
Bankers	Lloyds TSBPic
	9-11Poplar	Road
	Solihull
	B913AN
Solicitors	Standley 8	Co
	1612High Street
	Knowle
	Solihull
	B930JU

		Unrestricted		Expendable	capital funds	capital funds
		Accumulated	Restricted	Building	Welfare		Total	Total
	Note	fund	Funds	Fund	Fund		2021	2020
		8					8	6
INCOME FROM:
Charitable activities	2	1,150,057	92,957				1,243,014	1,025,451
Donations and legacies	2	5,540					5,540	550
Investments						32	32	32
Other
TOTAL INCOME		1,155,597	92,957			32	1,248,586	1,026,033
EXPENDITURE ON:
Charitable activities	3	972,114	78,852				1,050,966	973,641
TOTAL EXPENDITURE		972,114	78,852				1,050,966	973,641
Net (losses)/gains on
investment revaluation						189	189	(30)
NET INCOME/EXPENDITURE		183,483	'l4,105			221	197,809	52,362
Transfer between funds		44,218	(14,105)	(30,081)		(32)
NET IIIIOVEMENT IN FUNDS		227,701		(30,081)		189	197,809	52,362
Fund balances at 1 April 2020		192,314		1,890,618		915	2,083,847	2,031,485
FUND BALANCES AT 31 MARCH 2921		420,G15		1,86G,537	1,104		2,281,656	2,083,847

BALANCE SHEET
at 31 March 2021
			Notes	2021		2020
FIXEDASSETS
Tangible assets					1,938,732	1,977,940
Listed investment					1,104	915
					1,939,836	1,978,855
CURRENT ASSETS
Stock				2,750		2,750
Debtors			10	17,9'i 0		31.797
Cash st bank snd in hend				395,090		142,540
				415,750		177,087
Less:CREDITORS: amounts		falling
due within one year			11	(73,930)		(72,095)
NET CURRENT ASSETS					341,820	104,992
TOTAL ASSETS LESS	CURRENT LIABILITIES				2,281,656	2,083,847
CREDITORS: amounts	falling
due after one year
					2,281,656	2,083,847
CAPITAL AND RESERVES
Expendable Capital Funds:
Building Fund			12		1,860,537	1,890,618
Welfare Fund			12		1,104	915
					1,861,641	1,891,533
Unrestricted Income Funds:
Accumulated Fund			12		420,0'I5	192,314
Designated Fund			12
TOTAL FUNDS					2,281,656	2,083,847

	2021	2020
CASH FLOW FROM OPERATING ACTIVITIES	269,665	136,360
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from the sale of investments
Payment to acquire tangible fixed assets	(37,347)	(45,503)
Bank interest received
COIF interest received
COIF dividends received	32	32
NET CASH FLOW FROM INVESTING ACTIVITIES	(37,315)	(45,471)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	252,550	90,869
CASH AND CASH EQUIVALENTS AT THE START OF PERIOD	142,540	51,651
CASH AND CASH EQUIVALENTS AT THE END OF PERIOD	395,090	142,540
CASH AND CASH EQUIVALENTS CONSISTS OF:
Cash at bank and in hand	395,090	142,540

TOTAL INCOME RECEIVED
	2021f	2020f
Accumulated fund
Charitable activities - Resident's	1,150,057	1,025,451
Donation and legacies	5,540	550
Restricted Funds
Charitable activities - Grant income	92,957
Welfare fund
Investment income	32	32
	1,248,586	1,026,033

3. TOTAL RESOURCES EXPENDED	3. TOTAL RESOURCES EXPENDED
		Basis of	Charitable		Total	Total
		Allocation	Activities f	Governance f	2021f	2020f
Costs directly related to activities:
Staff costs		Direct	656,636		656,636	593,731
Provisions		Direct	60,019		60,019	57,133
Household	requisites	Direct	46,553		46,553	33,674
Premises		Direct	54,598		54,598	48,555
Residents'	telephones	Direct	3,988		3,988	3,091
Insurance	snd registration	Direct	12,889	5,023	17,912	16,179
Repairs and renewals		Direct	37,624		37,624	61,841
Audit		Direct		4,860	4,860	4,620
Accountancy		Direct		2,000	2,000
Support costs allocated to activities:
Office and	finance staff	Staff time	34,928	8,222	43,150	40,412
Training		Usage	511		511	6,622
Other staff	costs	Usage	2,755		2,755	4,292
Equipment	purchases	Usage	31,563		31,563	26,642
Professional fees		Usage	3,179		3,179	4,273
Communications		Usage	7,051		7,051	6,597
Advertising		Usage	1,599		1,599	642
Bank charges		Transaction	364		364	522
Donations	and Sundry	Transaction	49		49	100
Bad debts	(recovered)	Transaction				(8,213)
Depreciation		Usage	76,555		76,555	72,928
			1,030,861	20,105	1,050,966	973,641

4. Net i	ncome forthe year
hist income	is stated after charging:
Depreciation	oftangible assets	76,555	72,928
Operating lease rentals		12,659	8,659

		2021	2020
		Number	Number
Employees:
Full time		14	16
Part time		33	30
		47	46
The 33part time staff are equivalent	ta 18full time staff (2020:17).
		2021	2020
		6
Wages and salaries		653,229	595,968
Social security costs		36,551	30,324
Pension costs		10,006	7,851
		699,786	634,143

The charity operates a dehned contribution plan for	the benefit of its employees.
8. TANGIBLE FIXEDASSETS	Freehold	Freehold	Fittings 8
	Landf	Buildings 6	Equipment	Total
Cost:
At 1 April 2020	500,000	1,734,665	157,377	2,392,042
Additions		13,538	23,809	37,347
Disposals			(6,119)	(6,119)
At 31 March 2021	500,000	1,748,203	175,06T	2,423,270
Depreciation:
At 1 April 2020		344,047	70,055	4'i4,102
Charge for the year		43,619	32,935	76,555
Withdrawal re disposal			(6,119)	(6,119)
At31 March 2021		387,666	96,872	484,538
Net beak value at 31 March 2021	500,000	1,360,537	78,195	1,938,732
Net book value at 31 March 2020	500,000	1,390,6'f8	6T,322	1,977,940

			2021	2020
				f
Cost at 1 April 2020 and 31 March 2021			513	513
Market	value adjustment
At 1 April 2020			402	432
Change in value in year			189	(30)
			591
Market	value at 31 March 2021		1,104	915
10.	DESTORS		2021	2020
			E	E
Unpaid	Contributions		4,530	20,760
Other	debtors		1,144	560
Prepayments			12,236	10,477
			17,910	31,797
11.	CREDITORS: amounts	falling due	2021	2020
	within one year			E
Trade	creditors		31,329	45,602
Taxes	and social security costs		13,661	9,823
Contributions in advance			4,084	1,883
Other	creditors and accruals		24,856	'l4,787
			73,930	72,095

12. FUNDS	12. FUNDS
			Unrestricted		Expendable	capital funds
			Accumulated	Restricted	Building	Welfare	Total
			Fundf	Fundf	Fund f	Fund	Funds F
Balance at	1 April 2019		110,562		1,919,978	945	2,031,485
Net incoming		i (outgoing) resources	52,360			32	52,392
Transfers			29,392		(29,360)	(32)
Investment	losses					(30)	(30)
Balance at	1 April 2020		192,314		1,890,618	915	2,083,847
Net incoming!		(ouqfoing) resources	183,483	14,105		32	197,620
Transfers			44,218	(14,'I05)	(30,081)	(32)
Investment	gains					189	189
Balance at	31	March 2021	420,015		1,860,537	1,104	2,281,656

13. ANALYSIS OF	NET	A	SSETS BE	TWEEN FUNDS
				Accumulated	Restricted	Building	Welfare	2021
				Fund	Fund	Fund	Fund	Total
				F		E	E	E
Tangible fixed assets				78,195		1,860,537		1,938,732
Investments								1,104
Current assets				415,750				415,750
Creditors: amounts due within			one year	(73,930)				(73,930)
				420,015		1,860,537	1,104	2,281,656
				Accumulated	Restricted	Buiiding	Welfare	2020
				Fund	Fund	Fund	Fund	Total
				E	E		E	E
Tangible fixed assets				87,322		1,890,618		1,977,940
Investments								915
Current assets				177,087				177,087
Creditors: amounts due within			one year	(72,095)				(72,095)
				192,314		1,890,618	915	2,083,847
14. NET CASH PROVIDED BYOPERATING ACTIVITIES
						2021f		2020 E
Net income / (expenditure)		for the year				197,809		52,362
COIF dividends receivable						(32)		(32)
COIF interest receivable
Bank interest receivable
Depreciation and impairment			oftangible	fixed assets		76,555		72,928
Loss / (gain) on investments						(189)		30
(Increase) /decrease	in stock
Decrease / (increase)	in debtors					13,887		6,675
Increase / (decrease)	in creditors					1,835		4,397
						289,865		136,360

Within	1 year	'I0,786
Between 1 and 5 years		43,144
More	than 5years	'l9,773
		73,703

DETAILED INCOME AND EXPENDIT	DETAILED INCOME AND EXPENDIT	DETAILED INCOME AND EXPENDIT	REACCOUNT
for the year ended 31 March 2021				2021		2020
II4COME
Residents - self funding			994,278			826,728
Residents - supported	by social	services	147,608			156,182
Guests and respite accommodation			3,810			39.450
Residents' telephones			4,361			3,091
Income from contributions					1,150,057	1,025,451
Donations and legacies			5,540
Grant income - restricted			92,957
Investment income			32
Other income
					98,529	582
					1,248,586	1,026,033
Expenses
Staff costs:
Employee wages and satanas			653,229			595,968
Social security costs			36,551			30,324
Pension contributions			10,006			7,851
Training			511			6,622
Other			2,756			4,292
					(703,053)	(645,057)
Direct expenses:
Food 8 catering supplies			62,383			58,612
Medical supplies			14,342			1,653
Cleaning, laundry &waste oollection			27,879			24,175
Residents Activities			1,768			6,159
Other direct expenses			200			208
					(106,572)	(90,807)
Overheads:
Water rates			4,648			9,363
Council tax			1,635			1,571
Heat, light and power			45,231			34,601
Insurance			12,889			10,804
Telephone, postage and stationery			9,991			9,352
Professional fees			15,062			14,268
Maintenance and refurbishment			72,271			91,503
Bank charges and interest			364			522
Depreciation			76,555			72,928
Bad debts / (recovered)						(8,213)
Sundry costs			2,695			1,078
					(241,341)	(237,777)
NET INCOMING/(OUTGOING)		RESOURCES BEFORETRANSFERS			197,620	52,392