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