2021-03-31-accounts - Villa Scalabrini

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Reference and Administrative		Details
Strategic Report			2to 3
Trustees' Report			4to 6
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report		8to 11
Statement ofFinancial	Activities		12to 13
Balance Sheet			14
Statement ofCash Flows			15
Notes to the Financial	Statements		16to 28

						Total
				Unrestricted	Restricted	2021
			Note
Income and Endowments		from:
Donations and legacies				103,501	194,378	297,879
Charitable activities				2,036,850		2,036,850
Investment income				5,201		5301
Other income				(703)		(703)
Total income				2,144,849	194,378	2,339,227
Expenditure on:
Charitable activities				(2,063,298)		(2,063,298)
Other expenditure				(36,000)		(36,000)
Total expenditure				(2,099,298)		(2,099,298)
Gains/losses on investment		assets		65,947		65,947
Net income				111,498	194,378	305,876
Transfers between	funds			162,898	(162,898)
Net movement in funds				274,396	31,480	305,876
Reconciliation offunds
Total funds brought	forward			8,760,131		8,760,131
Total funds carried	forward		22	9,034,527	31,480	9,066,007
				Unrestricted	Restricted	Total
				funds	funds	2020
			Note
Income and Endowments		from:
Donations and legacies				6,702,332	13,495	6,715,827
Charitable activities				1,967,753		1,967,753
Investment income				7,379		7,379
Other income				36,978		36,978
Total income				8,714,442	13,495	8,727,937
Expenditure on: Charitable activities			7	77,942,4757	~(l', 495	(1,955,970)
Total expenditure Gains/losses on investment		assets		(1,942,475) ~57,127	(13,495)	(1,955,970) (57,127)
Net income				6,714,840		6,714,840
Transfers between	funds
Net movement in funds				6,714,840		6,714,840

			and L	osses)
				Unrestricted	Restricted	Total
				funds	funds	2020
			Note
Reconciliation	of	funds
Total funds brought		forward		2,045,291		2,045,291
Total funds carried		forward	22	8,760,131		8,760,131

				Balance Sheet as at	31March 2021
						2021	2020
					Note	8
Fixed assets
Tangible assets					15	7,815,228	7,980,017
Investments					16	270,023	204,076
						8,085,251	8,184,093
Current assets
Debtors					17	84,209	20,809
Cash at bank	and in hand				18	956,969	617,318
						1,041,178	638,127
Creditors: Amounts			falling due within one year		19	(60,422)	(62,089)
Net current	assets					980,756	576,038
Net assets						9,066,007	8,760,131
Funds ofthe	charity:
Restricted						31,480
Vnrestricted	income		funds
Unrestricted						8,928,462	8,720,013
Unrestricted	revaluation			reserve		106,065	40,118
Total unrestricted		funds			22	9,034,527	8,760,131
Total funds						9,066,007	8,760,131

					2021	2020
				Note
Cash flows from operating	activities
Net cash income					239,929	6,771,967
Adjustments to cash flows from non-cash			items
Depreciation					179,547	180,438
Investment income					(5,201)	(7,379)
Non exchange transaction						(6,581,717)
					414,275	363,309
Working capital adjustments
Increase in debtors (Decrease)/increase in creditors				17 19	(63,400) ~(1.667	(2,723) 4,802
Net cash flows from operating		activities			349,208	365,388
Cash flows from investing activities
Interest receivable and similar		income		5	5,201	7,379
Purchase oftangible fixed assets				15	(14,758)	(7,653,050)
Sale oftangible fixed assets						868,284
Donation ofland and building						6,581,717
Net cash flows f'rom investing		activities			(9,557)	195,670)
Net increase in cash and cash	equivalents				339,651	169,718
Cash and cash equivalents at	I	April			617,318	447,600
Cash aud cash equivalents at	31March				956,969	617,318

residual value, over their expected useful eco	nomic life as follows:
Asset class	Depreciation	method	and rate
Freehold property	Over 50years
Leasehold property	Over 20 years
Fixtures and fittings	15-20%Reducing balance
Motor vehicles	25%Reducing	balance

						Unrestricted
						funds	Restricted	Total	Total
						General	funds	2021	2020
								e
Donations and			legacies;
	Donations	)rom		individuals		88,757	32,518	121,275	134,111
Grants;
	Government		grants			14,744	161,860	176,604
Gifts in kind									6,581,716
						103,501	194,378	297,879	6,715,827
4	Income from			charitable	activities
							Unrestricted
							funds	Total	Total
							General	2021	2020
	Respite care						11,029	11,029	96,176
	Private funding						1,363,273	1,363,273	1,305,049
	Local authoiriy			funding			624,071	624,071	535,195
	Hospitality	income					38,477	38,477	31,333
							2,036,850	2,036,850	1,967,753
5	Investment		income
							Unrestricted
							funds	Total	Total
							General	2021	2020
Interest receivable				and similar	income;
	Other interest		receivable				5,201	5,201	7,379
6	Other income
							Unrestricted
								Total	Total
							General	2021	2020
Other income							(703)	l703)	36,978

7 Expendit	ure on charita	ble activities
				Unrestricted
					Total	Total
				General	2021	2020
			Note
Food purchases				97,156	97,156	104,027
Utility costs				70,004	70,004	71,393
Establishment	costs			27,426	27,426	59,147
Repairs and	maintenance			64,193	64,193	64,971
Office expenses				6,849	6,849	6,934
Printing, posting and stationery				20,009	20,009	12,620
Sundry and other costs				14,813	14,813	38,746
Cleaning				92,930	92,930	46,770
Motor expenses				7,412	7,412	8,392
Advertsing and promotion				1,252	1,252	2,616
Training and	welfare costs			4,492	4,492	7,584
Depreciation,	amortisation	and other
similar costs				179,547	179,547	180,438
Staffcosts				1,447,494	1,447,494	1,329,533
Governance	costs			29,721	29,721	22,799
				2,063,298	2,063,298	1,955,970

8 Other	expenditure
			Unrestricted
			funds	Total
			General	funds
		Note
Donations	paid		36,000	36,000
Total for	2021		36,000	36,000

Governance	costs
					Unrestricted
					funds	Total				Total
					General		2021			2020
Audit fees
Audit ofthe financial		statements			6,600		6,600			7,200
Other fees	paid to auditors				8,333		8,333			6,523
Legal fees					14,719		14,719			8,994
Bank charges						69		69			82
					29,721		29,721			22,799
10 Net incoming/outgoing			resources
Net incoming	resources	for the year include:
							2021			2020
Audit fees							6,600			7,200
Depreciation	offixed assets						179,547			180,438
11 Trustees	remuneration		and expenses
No trustees,	nor any persons		connected with them,		have received any	remuneration	f'rom	the charity		during	the
year.
No trustees have received any reimbursed				expenses	or any other benefits fiom the charity			during	the	year.

12 Staff costs The aggregate payroll costs were as follows:
	2021	2020
Staff costs during the year were:
Wages and salaries	1,312,919	1,206,565
Social security costs	108,961	99,373
Pension costs	25,614	23,595
	1,447,494	1,329,533

2021		2020
No		No
	62

13 Auditors' remuner	ation
		2021	2020
Audit ofthe financial	statements	6,600	7,200
Other fees to auditors
All other non-audit services		8,333	6,523

15 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Motor vehicles	Total
Cost
At I April 2020	8,076,576	590,083	13,559	8,680,218
Additions		14,758		14,758
At 31March 2021	8,076,576	604,841	13,559	8,694,976
Depreciation
At I April 2020	170,954	519,373	9 874	700201
Charge for the year	161,532	17,094	921	179,547
At 31 March 2021	332,486	536,467	10,795	879,748
Net book value
At 3I March 2021	7,744,090	68,374	2,764	7,815,228
At 31March 2020	7,905,622	70,710	3,685	7,980,017

16 Fixed asset investments
	2021	2020
Other investments	270,023	204,076
Other investments
	Other
	investments	Total
Cost or Valuation
At I April 2020	204,076	204,076
Revaluation	65,947	65,947
At 31March 2021	270,023	270,023
Net book value
At 31March 2021	270,023	270,023
At 31March 2020	204,076	204,076

17 Debtors
		2021	2020
Trade debtors		5,103	16,261
Prepayments		9,106	4,548
Other debtors		70,000
		84,209	20,809
18 Cash and cash equivalents
		2021	2020
Cash on hand		2,554	2,492
Cash at bank		954,415	614,826
		956,969	617,318
19 Creditors: amounts	falling due within one year
		2021	2020
Trade creditors		15,997	23,170
Other taxation and social	security	22,659	26,874
Other creditors			468
Pension scheme creditor		4,440	5,277
Accruals		6,300	6,300
Deferred income		11,026
		60,422	62,089

			Unrestricted
			revaluation
			reserve	Total
At	1 April	2020	40,118	40,118
Unrealised		gain on investments	65,947	65,947
At	31March 2021		106,065	106,065
			Unrestricted
			revaluation
			reserve	Total
At 1April Unrealised		2019 loss on investments	97,245 ~(77.127	97,245 (57,127)
At	31March 2020		40,118	40,118

22 Funds
			Balance at				Other	Balance at
			1 April	Incoming	Resources		recognised	31March
			2020	resources	expended	Transfers	gains/(losses)	2021
Unrestricted		funds
General			8,720,013	2,144,849	(2,099,298)	96,951	65,947	8,928,462
Revaluation		reserve	40,118			65,947		106,065
Total unrestricted
funds			8,760,131	2,144,849	(2,099,298)	162,898	65,947	9,034,527
Restricted	funds			194,378		(162,898)		31,480
Total funds			8,760,131	2,339,227	(2,099,298)		65,947	9,066,007
					Incoming			Balance at31
					resources	Transfers		March 2021
Restricted	funds
Donations					32,518		(32,518)
Government		grants			161,860		(130,380)	31,480
					194,378		(162,898)	31,480

		Balance at				Other	Balance at
		1April	Incoming	Resources		recognised	31March
		2019	resources	expended	Transfers	gains/posses)	2020
Unrestricted
General		1,948,046	8,714,442	(1,942,475)	57,127	(57,127)	8,720,013
Revaluation	reserve	97,245			(57,127)		40,118
Total unrestricted		2,045,291	8,714,442	(1,942,475)		(57,127)	8,760,131
Restricted			13,495	(13,495)
Total funds		2,045,291	8,727,937	(1,955,970)		(57 127)	8760 131

		Unrestricted		Total funds at
		funds	Restmcted	31March
		General	funds	2021
Tangible	fixed assets	7,815,228		7,815,228
Fixed asset investments		270,023		270,023
Current	assets	1,009,698	31,480	1,041,178
Current	liabilities	(60,422)		(60,422)
Total net assets		9,034,527	31,480	9,066,007
			Unrestricted	Total funds at
			funds	31March
			General	2020
Tangible	fixed assets		7,980,017	7,980,017
Fixed asset investments			204,076	204,076
Current Current	assets liabilities		638,127 ~62,089)	638,127 (62,089)
Total net assets			8,760,131	8,760,131

24 Analysis ofnet funds
	At 1April	Financing cash	At 31March
	2020	flows	2021
Cash at bank and in hand	617,3.18	339,651	956,969
Net debt	617,318	339,651	956,969
	A.t 1April	Financing cash	At 31March
	2019	flows	2020
Cash at bank and in hand	447,600	169,718	617,318
Net debt	447,600	169,718	617,318