Registered number: 04866257 Charity number: 1102533
The Grove Residential Home (Solihull)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2021
Prepared By:
R.J.Taylor & Co Chartered Accountants 175 Cole Valley Road Birmingham B28 0DG
The Grove Residential Home (Solihull)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2021
TRUSTEES
D.Mattocks (Chairman) resigned 17/11/2020 J.R.Bates FCA DChA (Honorary Treasurer) Hon.Alderman Mrs.S.M.Pittaway SMBC resigned 12/11/2019 Mrs.J.W.Hildreth resigned 12/11/2019 Mr.R.Ellis (Chairman) appointed 18/02/2020 Mrs.L.Green appointed 12/11/2019 Mrs.D.Huggins appointed 17/11/2020 Mrs.C.Ellis appointed 20/04/2021
SECRETARY
J.R.Bates FCA DChA
REGISTERED OFFICE
48 Lode Lane Solihull West Midlands B92 2AE
COMPANY NUMBER
04866257
CHARITY NUMBER 1102533
BANKERS
Royal Bank Of Scotland
MANAGER
M.Farrugia
ACCOUNTANTS
R.J.Taylor & Co Chartered Accountants 175 Cole Valley Road Birmingham B28 0DG
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The Grove Residential Home (Solihull)
ACCOUNTS
FOR THE YEAR ENDED 31/03/2021
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 6 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 12 |
| Detailed Statement of Financial Activities | 13 |
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The Grove Residential Home (Solihull)
FOR THE YEAR ENDED 31/03/2021 TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/03/2021
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was a residential care home .
STRUCTURE GOVERNANCE AND MANAGEMENT
The home is held in a company limited by guarantee which is governed by the trustees who are also the directors. Meetings are held on a regular basis, approximateley 6-8 times per annum when the overall management of the home is discussed and agreed. Day to day management is undertaken by the care manager and management team.
We have complied with the duty in section 17(5) of the 2011 charities act to have due regard to guidance published by the charity commission (ie public benefit statement).
OBJECTIVES AND ACTIVITIES
The primary objective of the trustees is to ensure the security of the home going forward in providing a suitable environment for the residents. During the year every asepct of the home was affected by the COVID 19 Pandemic such that normal activity was not possible and maintaining the home's activities was the focus.
The home benefits the public by providing a suitable residential care home for the local community.
ACHIEVEMENTS AND PERFORMANCE
The home has operated as best as was possible during the Pandemic. That a satisfactory manner of providing a warm and secure environment for the residents is testament to the commitment and dedication of the home's staff and grateful thanks are extended to them for all they did in unprecedented circumstances.
FINANCIAL REVIEW
A surplus of £157,581 was incurred which is considered to be an excellent result for such an extraordinary year. At first there were doubts about the home's ongoing viability as a number of residents succumbed to COVID 19 and other ailments, but latterly occupancy improved and this, combined with Government assistance combined to produce the result achieved. Unrestricted funds carried forward at the end of the year amount to £701,794 and the trustees are satisfied that these should prove adequate for ongoing activities with a degree of confidence in the current environment.
The main funding source is residents income.
COVID 19 AND PLANS FOR FUTURE PERIODS
As noted above,the operations of the Home have been severly affected by the COVID 19 pandemic. Sadly, at the start of the year a number of residents passed away and at one stage the Home had less than half the normal number of residents. In addition, considerable expense was incurred on personal protection equipment and other preventative measures which had a corresponding effect on the Homes's finances. However, occupancy subsequently increased and this, combined with Government assistance produced the excellent and unexpected result for the year.
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The Grove Residential Home (Solihull)
FOR THE YEAR ENDED 31/03/2021 TRUSTEES' REPORT
The Trustees would once again like to record their sincere thanks and appreciation to all members of staff whose unstinting commitment to the Home and dedication to ensure the residents have been able to enjoy a safe and secure Home during these extraordinary times has been an example to all, magnificient, and uncomplaining. Now that more normal circumstances have, hopefully, returned, the plans for the future are continuing to provide a suitable environment for the residents and will continue to do so by maintaining appropriate levels of reserves.
RESPONSIBILITIES OF THE TRUSTEES
The trustees (who are also the directors of Grove Residential Home for the purpose of Company Law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period.
In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charities SORP;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguaring the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-there is no relevant audit information of which the charitable company's auditor is unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
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The Grove Residential Home (Solihull)
FOR THE YEAR ENDED 31/03/2021 TRUSTEES' REPORT
NEW TRUSTEES
New trustees are appointed by the current trustees board, and training will be provided where necessary.
RESERVES POLICY
The home strives to maintain sufficient funds to enable six months running costs.
.
RISKS
The major risk facing the charity is if occupancy rates fall below an acceptable level and this is monitored at all trustee meetings.
The report was prepared in accordance with the special provisions within the small company regime section 469 (2) of the Companies Act 2006.
This report was approved by the Board of Trustees on 26/10/2021 J.R.Bates FCA DChA
Trustee
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 26/10/2021
J.R.Bates FCA DChA
Trustee
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The Grove Residential Home (Solihull)
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GROVE RESIDENTIAL HOME (SOLIHULL)
I report on the accounts of the company for the year ended 31/03/2021 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of I.C.A.E.W . Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
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The Grove Residential Home (Solihull)
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/03/2021
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
...................................................
Date: 26/10/2021
R.J.Taylor & Co Chartered Accountants 175 Cole Valley Road Birmingham B28 0DG 01213256929
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The Grove Residential Home (Solihull)
| Statement of Financial Activities for the year ended 31/03/2021 Income Income from generated funds Donations and legacies Income from Investments Other Income Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestric ted funds £ 75,266 - 905,206 980,472 822,891 822,891 157,581 157,581 544,213 701,794 |
Restricte d funds £ - - - - - - - - - - |
2021 Total £ 75,266 - 905,206 980,472 822,891 822,891 157,581 157,581 544,213 701,794 |
2020 Total £ 3,200 754 964,600 |
|---|---|---|---|---|
| 968,554 | ||||
| 912,080 | ||||
| 912,080 | ||||
| 56,474 | ||||
| 56,474 487,739 |
||||
| 544,213 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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The Grove Residential Home (Solihull)
BALANCE SHEET AT 31/03/2021
| BALANCE SHEET AT 31/03/2021 | ||||
|---|---|---|---|---|
| Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Debtors (amounts falling due within one year) 4 Cash at bank and in hand CREDITORS: Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 7 General fund |
8,140 494,243 502,383 53,957 |
2021 £ 253,368 448,426 701,794 701,794 701,794 |
11,063 328,388 339,451 55,970 |
2020 £ 260,732 283,481 |
| 544,213 | ||||
| 544,213 | ||||
| 544,213 |
For the year ending 31/03/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 26/10/2021 and signed on their behalf by
.............................
R.Ellis (Chairman)
Trustee
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The Grove Residential Home (Solihull)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
| Land And Buildings | straight line 2% | straight line 2% |
|---|---|---|
| Equipment | reducing balance 15% | |
| 2. EMPLOYEES | ||
| 2021 | 2020 | |
| No. | No. | |
| Average number of employees | 37 | 38 |
3. TANGIBLE FIXED ASSETS
| 3. TANGIBLE FIXED ASSETS | ||
|---|---|---|
| Cost At 01/04/2020 At 31/03/2021 Depreciation At 01/04/2020 For the year At 31/03/2021 Net Book Amounts At 31/03/2021 At 31/03/2020 |
Freehold Land And Buildings Equipment £ £ 343,197 89,524 343,197 89,524 85,801 86,188 6,864 500 92,665 86,688 250,532 2,836 257,396 3,336 |
Total £ 432,721 |
| 432,721 | ||
| 171,989 7,364 |
||
| 179,353 | ||
| 253,368 | ||
| 260,732 |
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The Grove Residential Home (Solihull)
4. DEBTORS
| 4. DEBTORS Amounts falling due within one year: Trade debtors Other debtors |
2021 £ 3,000 5,140 8,140 |
2020 £ 5,725 5,338 |
| 11,063 |
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Taxation and social security Other creditors |
2021 £ 23,152 6,775 24,030 53,957 |
2020 £ 26,115 6,513 23,342 |
|---|---|---|
| 55,970 |
6. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2021 there were members.
7. UNRESTRICTED FUNDS
| General fund | Brought forward £ 544,213 |
Incoming resource s £ 980,474 |
Outgoing resource s Transfers £ £ (822,893) - (822,893) - |
Outgoing resource s Transfers £ £ (822,893) - (822,893) - |
Carried forward £ 701,794 |
|---|---|---|---|---|---|
| 544,213 | 980,474 | - | 701,794 |
8. WAGES
No employee earned over £60,000 (2020 - none)
9. TRUSTEES REMUNERATION AND EXPENSES
No trustee's received any remuneration or expenses during the current year (2020 - Nil)
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The Grove Residential Home (Solihull)
10. COMPANY LIMITED BY GUARANTEE
The company is incorporated under the Companies Act as a company limited by guarantee and not having a share capital. There is liability of £1 per member.
11. CONTROLLING PARTY
No one person controls the company.
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The Grove Residential Home (Solihull)
Incoming Resources for the year ended 31/03/2021
| Incoming Resources for the year ended 31/03/2021 |
||||
|---|---|---|---|---|
| Incoming resources Incoming resources from generated funds Grants Covid related grants and claims Donations Small Donations and Grants Stewardship Services (UK) Garden Fund Donations Investment income Bank interest receivable Other Incoming Resources Residents income |
61,820 100 525 12,821 - |
2021 £ 61,820 13,446 75,266 - - 905,206 905,206 980,472 |
- 1,700 1,500 - 754 |
2020 £ - 3,200 |
| 3,200 | ||||
| 754 | ||||
| 754 | ||||
| 964,600 | ||||
| 964,600 | ||||
| 968,554 |
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The Grove Residential Home (Solihull)
Expenses for the year ended 31/03/2021
| Expenses Costs of generating funds Charitable Activities Salaries and wages Heat, light, rates and water Provisions and incidentals Professional fees Property insurance Telephone Depreciation Laundry, cleaning and general Repairs and maintenance Staff training Printing, stationery and advertising Bank charges and Interest payable Postage Governance Costs Accountancy |
2021 £ 567,833 26,870 56,335 24,934 6,130 3,197 7,364 40,525 76,675 5,280 5,528 178 2 820,851 2,040 2,040 822,891 |
2020 £ 626,564 30,633 58,837 26,848 5,773 3,049 7,452 40,576 98,474 8,384 3,430 120 20 |
|---|---|---|
| 910,160 | ||
| 1,920 | ||
| 1,920 | ||
| 912,080 |
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