##
##
|Contents||||||
|---|---|---|---|---|---|
|1.0 INTRODUCTION, ,||||||
|1.1 Chairman
.|||||3|
|1.2 Chief Executive Officer
.|||||..4|
|2,0THE PURPOSE OF THE CHARITY||||||
|2.1Objects...|||||..6|
|2.2 Principal activities. ........,||||||
|2.3Who the charity helps|||||..6|
|2.4 How the charity helps.|||||..6|
|2.5 Where the charity operates. ..,.|||||7|
|3.0 OUR STRATEGY||||||
|4.0 EXTERNAL RELATIONS..||||||
|5.0 MEASURES OFSUCCESS.||||||
|6.0 CHALLENGES..|||||14|
|7.0 COMMUNICATIONS
AND|ENGAGEMENT||||15|
|8,0 OUR PEOPLE|||||, ,18|
|9.0 PUBUC BENEFIT....|||||19|
|10.0SUBSIDIES...|||||.2O|
|11.0CONCLUSION.|||||20|
|12.0FINANCIAL REVIEW...|||||.21|
|12.'1 income: How we raised|our money. .||||.2I|
|12,2 Expenditure:
How we spent our||||money „,|.2I|
|12.3Exceptional
items|||||22|
|12.4 Reserves policy ..|||||.22|
|13.0PRINCIPAL
RISKSAND UNCERTAINTIES,.|||||.22|
|13.1internal
controls assurance ..|||||.22|
|13.2 General ..|||||.22|
|13.3income risk ..|||||.23|
|13.4 Regulation
and legislation||risk|......„||.23|
|13.5Operational
risk.|||||.23|
|13.6 Liquidity
risk.|||||.23|
|13.7 Cash flow risk.„|||||.23|
|13.8 Digital, data and cyber|risks....|||.. .|24|
|13.9inves'tment,
policy and|powers.||||.24|
|13.10Fundraising
approach|and performance.||||.24|
|13.11Covid-19 pandemic
risk|||||24|
|14.0GOVERNANCE|||||.24|
|14.1Organisational
structure||and subsidiaries.|||24|
|14.2 iulanagement,
decision|making|||and delegation,|.25|
|14.3 Remuneration„|||||.26|
|15.0 LEGALAND ADMINISTRATIVE|||DETAILS..||.26|
|15.1Status and administration.|||||.26|
|15.2 Professional
advisors.|||||.27|
|15.3Statement
by the Chair|ofTrustees .....||||.27|
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||||||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note|Funds|Funds|Funds|2D21|
||||||||6|6|E|E|
|Income from|||||||||||
|Donations
and similar resources|||||||25,837|289,657||315,494|
|Investment
income|||||||113,407|||113,407|
|Charitable
activities - amenity
fees|||charges and||||7,430,159|||7,430,159|
|Trading
actwilies
Other|||||||722,140
111,483|||722,140
111,4$3|
|Total Income|||||||8,403,026|289,657||8,692,6$3|
|Expenditure
on.|||||||||||
|Charitable
activities:|||||||||||
|Cast of provision
ofhomes|||||||8,010,325|279,679|57,457|8,347,461|
|Cost of raising funds;
Cast of generating
funds
Cast oftrading activities
Exceptional items||||||7|107,318
376,670
106,134|||107,318
376,670
106,134|
|Total expenditure||||||5|8,600,447|279,679|57,457|8,937,5$3|
|Net income/(expenditure)
and losses on Investments||before||gains|||(197,421)|9,978|(57,457)|(244,900)|
|RealiSed and unreafiaed|inveStment||||gaine||||740,333|740,333|
|Net income/expenditure|||||||(197,421)|9,978|682,876|495,433|
|Other recognised gains/(losses):|||||||||||
|Actuarial gains/(losses)
pension
scheme|on|defined||benefit||18|443.000|||443,DOO|
|Net movements
in funds|||||||245,579|9,978|682,876|938,433|
|Balance brought forward
at 1 January 2020|||||||33,317,878|2,442,182|7,407.975|43.168,035|
|Balance carried forward|||||||||||
|at 31 December 2021|||||||33,563,457|2,452,160|8,090,851|44,106,468|
|Total funds||||||||||44,106,468|
|Less endowment
funds|and|restricted|||funds|||||(10,543,011)|
|Less unrestricted
fixed assets|||(net|of related||funding)||||(33,950,302)|
|Deduct pension mserve|asset|||||||||(1,148,DDO)|
|Free reserves||||||||||1,534,845|
##
##
|||||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Funds|Funds|Funds|2020|
||||||||8|8|6|
|Income from:||||||||||
|Donations
and similar resources||||||41,711|299,922||341,633|
|Investment
income||||||125,420|||'I25,420|
|Charitable
activities
—amenity
fees|||charges and|||7,402,428|||7,402,428|
|Trading
activities
Other|||||3
4|631,276
106,481|||631,276
106,481|
|Net gain on disposai of fixed assets||||||||||
|||||||8,307,316|299,922||8,607,238|
|Total income||||||||||
|Expenditure
on:||||||8,907,763|424,126|57,457|9,389,346|
|Charitable
activities:||||||||||
|Cost of provision of homes
Cost of raising funds:
Cost ofgenerating
funds
Cost oftrading
activities||||||77,207
464,569
2,841,509|||77,207
464,569
2,841,509|
|Total expenditure|||||5|12,291,048|424,126|57,457|12,772,631|
|Net income/(expenditure)
before
and losses on Investments||||gains||(3,983,732)|(124,204)|(57,457)|(4,165,393)|
|Realised and unrealisad||investment||gains||||384,510|384,510|
|Net incorae/expenditure||||||(3,983,732)|(124,204)|327,053|(3,780,883)|
|Other recognised
gains/(losses):||||||||||
|Actuanal gains/(losses)
pension scheme|on defined|||benefit|18|(169,000)|||(169,000)|
|Net movements
in funds||||||(4,152,732)|(124,204)|327,053|(3,949,883)|
|Balance brougilt forward
at 1 January 2018||||||37,470,610|2,566,366|7,080,922|47,117,918|
|Balance carried forward||||||||||
|at 31December 2019||||||33,317,878|2 442 182|7(407)975|43~168)035|
|Total funds|||||||||43,168,035|
|Less endowment
funds|and restricled funds||||||||(9,850,157)|
|Less unrestricted
fixed assets|||(net|ofrelated|funding)||||(3D,B90,137)|
|Deduct pension reserve||asset|||||||(697,000)|
|Free reserves|||||||||1,730,741|
##
|Company
Registration|No|. 04957706 (E|ngland
a|nd Wale|s)||||
|---|---|---|---|---|---|---|---|---|
||||Note||2D21|2021|202D|2D20|
|||||||E|E|E|
|Fixed assets|||8|48,987,040|||49,807,498||
|Investments|||9|6,343,942|||9,161,465||
|Total Fixed Assets||||||55,330,982||58,968,963|
|Current assets|||||||||
|Storks|||||4,505||3,617||
|Sundry debtors and prepayments
Cash and cash equivalents|||10|227,202
4,028,176|||352,976
979,051||
|||||4,259,883|||1,335,644||
|Creditors: amounts|falling due||||||||
|within
one year|||11|1,303,468|||1,910,781||
|Net current assetsf (liabilities)||||||2,956,415||(575,137)|
|Total assets less current||assetsf|||||||
|(liabilities)||||||58,287,397||58,393,826|
|Creditors: amounts|falling due after||||||||
|more than one year|||12|15,328,927|||15,922,791||
|Pension scheme funding||asset|18|(1,148,000)|||(697,000)||
|||||||(14,180,927)||(15,225,79'i)|
|Net assets||||||44,106,470||43,168,035|
|Financed by:|||||||||
|Funds ofthe charity
Endowment
fund|||14|||6,090,850||7,407,975|
|Restricted
funds|||15|||2,452,161||2,442,1S2|
|Unrestricted
funds:|||||||||
|- Fixed assets: less related||funding||23,781,231|||23,781,231||
|- Fixed assets: revaluation||reserve||7,108,906|||7,108,906||
|- Free reserves: other||||1,525,322|||1,730.741||
|||||32,415,459|||32,620,878||
|Pension Reserve asset|||18|1,148,000|||697,000||
||||16|||33,563,459||33,317,878|
|||||||44, 'I06,470||43,168,03S|
|App
d a
aulhOriee||r issue on behalf ol the||Trustee/|on lp:||||
|'|||c|Y,|,||||
|RSe
~
hair||||K t(ls|ck —Trustee||||
|The notes on pages 38to||59 form part of these Snancial|||statements.||||
##
##
|Company
Registration||N|o|. 04957708 (E|ngland an|d Wales)||||
|---|---|---|---|---|---|---|---|---|---|
||||||Note|2021|2021|2020|2020|
|||||||5|8|5|5|
|Fixed assets|||||8|48,987,040||49.807,498||
|Investments|||||9|6,343,942||9,161,568||
|Total Fixed Assets||||||55,330,982|||58,969,066|
|Current assets||||||||||
|Stocks||||||4,505||3,617||
|Sundry debtors and prepayments
Cash and cash equivalents||||||227,296
4,028,177||318,159
965,400||
|||||||4,259,978||1,287,176||
|Creditors: amounts
within one year|falling due|||||1,651,346||2,029,119||
|Nat current assets/(liabilities)||||||2,608,832|||(741,943)|
|Total assets less current||||||||||
|assets/(liabllldes)||||||57,939,614|||58,227,123|
|Creditors: amounts
more than one year|falling due aRer||||12|15,328,927||1S,922,791||
|Pension scheme funding||||asset|18|(1,148,000)||(697,000)||
|||||||(14,180,927)|||(15,225,791)|
|Net assets||||||43,758,687|||43,001,332|
|Financed
by:||||||||||
|Funds ofthe charity
Endowment
fund|||||14|8,090,850|||7,407,975|
|Restricted funds|||||15|2,452,161|||2,442,182|
|'Jnrestrictad
funds:||||||||||
|- Fixed assets less related
- Free reserves revaluation||||funding
reserve||23,781,231
7,108,906||23,781,231
7,108,906||
|- Free reserves: other||||||1,177,539||1,564,038||
|||||||32,067,676||32,454,175||
|- Pension Reserve asset|||||18|1,148,000||697,000||
|||||||33,215,676|||33,151,175|
|||||||43,758,687|||43,001,332|
|Th
arity's rnovernent||in||reserves forthe year was E757,355(2020:-E4078|||173)|||
|Ap
r
ed
d authorised|||for issue on behalf ofthe Trustees on by;|||||||
|RB
nio
air||||||K Hlsco|k - Trustee|||
|The notes on pages 38||to||59 form part ofthese financial statements.||||||
|||||||35||||
||||Note|2021f|2021|2020f|2020f|
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities|||||||
|Nel cash provided
by/(used|in) operating|||||||
|activities|||19||444,028||(61,501)|
|Cash flows from investing|activities|||||||
|Interest and dividends
received||||113,407||125,420||
|Purchase
oftangible
fixed assets||||(429,610)||(775,715)||
|Receipts from sale oftangible fixed||||||||
|assets||||5,251||||
|Purchase
of investments
from||||||||
|Endowment
funds||||(658,006)||(1,260,183)||
|Sale of investments
from Endowment||||||||
|funds||||658,006||1,260,183||
|Addition
of bank deposit investment||||3,520,951||(1,955)||
||||||3,209,999||(652,250)|
|Cash flows from financing|activities|||||||
|ReceipU(repayment)
of loan|monies|||(604,902)||19,168||
||||||(604,902)||19,168|
|Increase/(decrease)
in cash and cash||||||||
|equivalents
in the year|||20||3,049,125||(694,583)|
|Cash and cash equivalents|at the|||||||
|beginning
ofthe year|||||979,051||1,673,634|
|Total cash and cash equivalents||at|||4,028,176||979,051|
|the end ofthe year||||||||
##
##
|||Note|2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||6|6|||
|Cash flows from operating
activrties|||||||
|Net cash provided
by/(used
in)
operating
activities||||296,223||302,833|
|Cash flows from investing
activities
Interest received
Purchase oftangible
fixed assets|||113,407
(429,6'I 0)||125,420
(510,450)||
|Receipts from sale oftangible fixed|||||||
|assets|||||||
|Purchase of investments
from
endowment
funds|||(658,006)||(1,280,183)||
|Sale of investments
from Endowment
funds
Addition
ofbank deposit investment
Donation from commercial
subsidiary|||658,008
3,520,95'I
166,707|3,371,455|1,260,183
(1,955)|(386,985)|
|Cash flows from financing
activities
Receipt of loan facility|||(804,902)||19,168||
|||||(604,902)||19,168|
|Increase/(decrease)
in cash and
equivalents
in the year|cash|20||3,062,776||(64,984)|
|Cash and cash equivalents
at the
beginning
of the year||||955,400||1,030,384|
|Total cash and cash equivalents|at|||4,028,1'76||965,400|
|the end ofyear|||||||
##
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##
|Fixed assets are stated|Fixed assets are stated|at cost|less depr|eciation.|eciation.|eciation.|
|---|---|---|---|---|---|---|
|Depreciation
is provided||on the|following|tangible fixed assets at rates calculated tc write off the cost on a straight-|||
|line basis over their expected useful economic|||||lives as follows:||
|Freehold
buildings||||||1 to3.3%per annum
on cost or valuation|
|Building Components||||||2to 3.3%per annum
on cost|
|Estate infrastructure||||||10%per annum
on cost|
|Plant and equipment|including||nursing|home|equipment|20'yo per annum
on cost|
|Motor vehicles||||||25% per annum
on cost|
|Computer
equipment||||||33,3%per annum
on cost|
##
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##
##
|The results of|Whileley
Village Services Limited are|shown
below:||
|---|---|---|---|
|||2021|2020f|
|Turnover||722,140|631,276|
|Other Income||2,313||
|Cost ofsales||(216,868)|(333,598)|
|Administration|expenses|(159,792)|(130,971)|
|Profit for the|year|347,793|166,707|
||||2021f|2020f|
|---|---|---|---|---|
|Turnover:|||||
|Sale|of building|||9,911,997|
|Management||fees|||
|Cost ofsales||||(9,911,997)|
|Administrative|expenses|||(13,650)|
|Exceptional|iiems|||13,650|
##
##
##
|Other Incoming Resources|Other Incoming Resources|2021|2021|2020|2020|
|---|---|---|---|---|---|
||||6|6|6|
|Miscellaneous
income:||||||
|Sale oftangible fixed assets||5,252||||
|Other||101,029||65,461||
|Total misceilaneous|income||106,281||65,461|
|Interest on deposit|accounts||5,202||41,020|
|Other unrestricted|incoming|||||
|resources|||111,483||106,481|
|All actwities
included
within||miscellaneous
income are subsidised
by||the Trust.||
|Expenditure||||||
|Expenditure
for the|year ended 31 December 2021 can be analysed|||as:||
|||Direct|Support|||
|||Costs|Costs|Depr'n|Total|
|||E|6||6|
|Cost of provision
ofhomes
Cost ofgenerating
funds
Cost oftrading
activities
Exceptional
items||5,666,800
376,670
106,134|1,410,594
107,318|1,250,068|8,347,461
107,318
376,670
106,134|
|||6,169,604|1,517,912|1,250,068|8,937,583|
|Expenditure
for the|year ended 31 December 2020can be analysed|||as;||
|||Direct|Support|||
|||Costs|Costs|Depr'n|Total|
|||||6||
|Cost ofprovision
ofhomes
Cost ofgenerating
funds
Cost oftrading
activities
Exceptional
items||6,196,924
464,569
2,84'I, 509|1,402,$25
77,207|1,790,297|9,389,346
77,207
464,569
2,841,509|
|||9,503,002|1,479,332|1,790,297|12,772,631|
##
##
##
##
||Net income/expenditure|for the year|is stated|after charging:|||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||6||
||Depreciation
Interest payable||||||1,249,854
496,998|1,790,297
512,743|
||External auditors'
remuneration:||||||||
||- Audit services (current year)
- Audit services (prior year under provision)
- Other services||||||41,130
18,840|25,800
12,000
18,840|
||Included
within
expenditure
are governance|||costs ofK41,130(2020:657,573),|||relating to external|auditor's|
||remuneration
(see above) and ENil (2020: 616,443) relating||||to internal|auditor's|remuneration.||
|6|Analysis ofstaff casts|and the cost of key management|||personnel||||
||||||||2021|2020|
|||||||||6|
||Salaries and wages
Social security costs||||||3,982,747
335,417|3,863,023
352,844|
||Pension cost:||||||||
||- Conlnbution
to defined|contribution|srheme||||140,134|130,450|
||- Opera'ling
costs of defined benefit scheme
Termination
costs||||||463
106,134|24,848
174,280|
||||||||4,564,895|4,545,445|
||The headcount
number|of employees|in the|year was:|||2021|2020|
||||||||Number|Number|
||Administration||||||28|28|
||Care Centre||||||81|78|
||Cottages,
Huntley
House, works, estate and|||other|||64|63|
||||||||173|169|
##
##
|Five employees
e|arned
more t|han E60,000 in the|
|---|---|---|
|These employees'|emoluments|fell into the bands:|
|E60,000|E69,999||
|E70,000|E79,999||
|E80,000|E89,999||
|E90,000|E99,999||
|E100,000|E109,999||
|E120,000
E130,000|E129,000
f139,999||
|2021|2020|
|---|---|
|Number|Number|
##
|Exceptional|items|||
|---|---|---|---|
|||2021|2020|
|||E||
|Write down|in value ofassets under construction||2,135,777|
|Restructuring|costs|106,134|705,732|
|||106,134|2,841,509|
##
|Fixed Asset|s||||||||
|---|---|---|---|---|---|---|---|---|
|||Freeholil||Furniture,|||Assets||
|Group||lend and
buildings|Eels le
Infrastructure|riqmgs
and
equipment|Motor
vehicles|Computer
equipmem|under
construction|Total|
|||E|E|E|E|E|E|E.|
|Coif or vaiuelion|||||||||
|Al I January 2021||56,776,152|261.581|2.166.613|62.712|184,913|26.781|59.480,752|
|Additions||212,508|68,004|76.107||37,296|35.615|429,61D|
|~isposals|||||||||
|Transfer||563,563|13.754|(542.574)|||(34,743)||
|At Zl December|ZPZI|57,552,303|343,339|1,702,146|62,712|222,209|27,653|59.91D,362|
|Deprecieiinn|||||||||
|Ai I January
2021
Charge forine year||8,233,006
'I.029.855|52,977
30,662|1,192,155
152,745|43,887
9,375|151,229
27,217||9,673,254
1,249,854|
|Eliminated
on disposal|||||||||
|Traneter||127,564|3650|(131,234)|||||
|At zl December|2021|9,390,445|87,289|1,213,666|53,262|178,446||10.923,1DS|
|iuei bOok value|||||||||
|At zl December|2020|48,161,859|256,050|488.267|9,450|43,763|27,652|48,987,041|
|At 31 December 2019||48,543,146|208,604|976,245|18,825|33.684|26,781|49,807,286|
|||Freehold||Furniture,|||Assets||
|Charity||land and
buildings|Estate
Infresti'Uclurs|finings and
equipment|Motor
vehicles|Compvner
equipment|under
Conetructlon|Total|
|||5|||E|E|E||
|Cosf or vs/uarron|||||||||
|Al I January 2021
Additions||56,776,152
212,588|261,581
68,004|2,168,613
76,107|62,712|184,913
37.296|26,781
35,615|59,480,752
429,610|
|Dispossls|||||||||
|Trancfer||563,563|13,754|(542,574)|||(34,743)||
|At zl December 2021||57,652,303|343,330|1,702,146|62,712|222,209|27,653|59,910,362|
|Depreoseon|||||||||
|At I January
ZOZI
Charge for tne year||8,233,006
1,029,855|52,977
30,662|1,192,155
152,745|43,887
9,375|151,229
27,217||9,673,254
1,249,854|
|Eliminates
on disposal|||||||||
|Trarsfer||127,584|3650|(131,234)|||||
|At 31 December 2021||9,390,445|87,289|1,213,666|53,262|178,446||10,923,108|
|iyer bock veiua|||||||||
|Al 31 Oecember 2021||48,161,859|256,050|438,267|9,450|43,763|27,652|48,987,042|
|At31 December 2020||48,543,146|208,604|9/6,458|18,825|33,684|26781|49,807,498|
##
##
##
##
##
|10|Sundry Debtors and|Prepayment:|Prepayment:|Prepayment:|Amount|Amount|falling due within one year|falling due within one year|falling due within one year|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Group|Group|Charity|Ckarity|
|||||||||2021|2020|2021|2020|
|||||||||E|K|K|E|
||Amounts
owed by subsidiary
undertakings
Investment
dividends
and interest|||||||4,070
'I6,456|24,878|4,164
16,456|24,878|
||debtors|||||||65,971|71,470|65,973|71,471|
||Other debtors|||||||6,342|125,068|6,342|125,068|
||VAT recoverable||||||||38,330||3,512|
||Prepayments
and accrued||income|||||134,363|93,230|134,363|93,230|
||||||||227,202||352,976|227,296|318,159|
|11|Creditors: Amounts|falling||due within||one|year|||||
|||||||||Group|Group|Charity|Charity|
|||||||||2021
K|2020
E|2021
f|2020
f|
||Amounts
owed to subsidiary
Trade creditors
Other creditors|||undertakings||||270,716
197,933|242,188
414,213|347,877
270,716
19',932|310,189
242,188
222,362|
||VAT payable
Tax and social security creditor|||||||6,387
96,463|94,670|6,387
90,463|94,870|
||Accruals and deferred|income||||||191,800|602,501|191,800|602,501|
||Bank loan|||||||546,171|557,209|546,171|557,209|
||||||||1,3G3,410||1,910,781|1,651,346|2,029,119|
|12|Creditors: Amounts|falling||due after more|||than|one year||||
||||||||Group||Group|Charity|Charity|
||||||||2021f||2020f|2021
R|2020
R|
||Bank Loan|||||15,328,927|||15,922,791|15,328,92'|15,922,791|
##
##
##
|Analysis ofnet as|sets between f|unds||||
|---|---|---|---|---|---|
|Group (2021)||Unrestricted|Restricted|Endowment|Totai|
|||Fundsf|Funds|Funds|Fundsf|
|Tangible fixed assets||46,622,137|854,900|1,710,003|48,987,040|
|Investments||1,02'I||6,342,921|6,343,942|
|Net current assets|/ (liabilities)|1,159,154|1,797,261||2,956,415|
|Long-terin
liabilities||(15,328,927)|||(15,328,927)|
|Pension scheme asset||1,148,000|||1,148,000|
|Net assets||33,601,385|2,452, 'I 61|8,052,924|44,106,470|
|Charity (2021)||Unrestricted|Restncted|Endowment|Total|
|||Fundsf|Fundsf|Fundsf|Fundsf|
|Tangible fixed assets||46,622,137|654,900|1,710,003|48,987,040|
|Investments||1,021||6,342,921|6,343,942|
|Net current assets|/ (liabilities)|811,371|1,797,261||2,608,632|
|Long-term
liabilities||(15,328,927)|||(15,328,927)|
|Pension scheme asset||1,148,000|||1,148,000|
|Net assets||33,253,602|2,452,161|8,052,924|43,758,687|
|6rou p (2020)||Unrestricted
Fundsf|Restricted
Fundsf|Endowment
Fundsf|Total
Fundsf|
|Tangible fixed assets||47,370,137|669,900|1,767,461|49,807,498|
|Investments||3,520,951||5,640,514|9,161,485|
|Net current assets|/ (liabilities)|(2,347,419)|1,772,282||(575,137)|
|Long-term
fiabiiities||(15,922,791)|||(15,922,791)|
|Pension scheme asset||697,000|||697,000|
|Net assets||33,317,878|2,442,182|7,407,975|43,168,035|
|Charity (2020)||Unrestricted|Restricted|Endowment|Total|
|||Fundsf|Fundsf|Fundsf|Fundsf|
|Tangible fixed assets||47,370,137|669,900|1,767,461|49,807,498|
|Investments||3,521,054||5,640,514|9,161,558|
|Net current assets||(2,514,225)|1,772,282||(741,943)|
|Long-term
liabilities||(15,922,791)|||(15,922,791)|
|Pension scheme asset||697,000|||697,000|
|Net assets||33,151,175|2,442,1S2|7,407,975|43,001,332|
##
##
|Permanent|Endowment|Fund|||||
|---|---|---|---|---|---|---|
||||||The William||
|||||Henry Lucas|Whiteley|Total|
|||||Fund|Fund||
|At 1 January|2021|||1,726,747|5,681,228|7,407,975|
|Depreciation
Realised
and unrealised||investment|gains|(57,457)|702,406|(57,457)
702,406|
|Investment|management||||||
|At 31 December 2021||||1,669,290|6,383,634|8,052,924|
|Permanent|Endowment|Fund (2020)|||||
||||||The William||
|||||Henry Lucas|Whiteley|Total|
|||||Fund|Fund||
|||||K|||
|At 1 January|2020|||1,784,204|5,296,718|7,080,922|
|Depreciation
Realised
and unrealised||investment|gains|(57,457)|384,510|(57,457)
384,510|
|At 31 December 2020||||1,726,747|5,681,228|7,407,975|
##
##
##
##
##
|Restricted Funds||||||
|---|---|---|---|---|---|
|||At 1 January|Incoming|Resources|At 31 December|
|||2021|resources|expended|2021|
|||8||6||
|HCA Grant||669,900||(15,000)|654,900|
|RWyatt Trust
Whiteley
Foundation||1,753,030
17,222|13,615|(13,615)|1,753,030
17,222|
|Government
Covid-19 funding|||244,630|(244,630)||
|Other Building
Other||2,030|31,413|(6,434)|27,009|
|At 31 December|2021|2,442,182|289,658|(279,679)|2,452,'161|
|Restricted Funds|(2020)|At 1January
2020|Incoming
I'esources|Resources
expended|At 31December
2020|
|||6||6||
|HCA Grant „
RWya(t Tirust
The Etiza palinar
Hub
Whjtetay Foundation
Other' Building
Other||684,900
1,753,030
23,483
1,959
103,014|2,570
296,727
625|(15l000)
(8,831)
(296,727)
(1,959)
(101,609)|669,900
1,753,030
17,222
2,030|
|At 31 December|2020|2,566,386|299,922|(424,126)|2,442,182|
##
##
|Unrestricted|Funds|||
|---|---|---|---|
|||Groupf|Charityf|
|At 1 January
Income|2021|33,317,878
8,403,026|33,151,175
7,678,576|
|Expenditure
Actuarial
loss||(8,600,552)
443,000|(8,223,882)
443,000|
|At31 December 2021||33,563,352|33,048,869|
##
##
|Unrestricted|Funds (2020)|||
|---|---|---|---|
|||Groupf|Charityf|
|At 1 January
Income|2020|37,470,610
8,307,316|37,432,197
7,895,904|
|Expenditure
Actuarial
loss||(12,291,048)
(169,000)|(12,007,926)
(169,000)|
|At 31 December 2020||33,317,878|33,151,175|
##
|The group and the charity
had
set out baleen|minimum
lease payments
un|der non-cancellabl|e
operating leas|es as|
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2021
f|2020
f|2021
f|2020|
|Within one year
2 —5years|3,978
2,983|3,978
6,961|3,978
2,983|3,978
6,961|
||6,961|10,939|6,961|10,939|
##
##
##
##
##
##
##
|||2021|2020|
|---|---|---|---|
|||8000|6000|
|At 1 January
Interest on assets||7,101
123|6,895
123|
|Actuarial
(losses) gains||3'I5|315|
|Company
contributions
Repayment
ofoverpaid|contributions|(92)
115|(92)
115|
|Administration
casts||||
|Benefits paid||(255)|(255)|
|At31December||7,307|7,101|
##
##
|Description
ofadjustments
made to measure
def|ined
benefit scheme obligations:||
|---|---|---|
||2021|2020|
||6000|6000|
|At 1 January
Current service cost|6,404
16|6,043
25|
|Past service cost|||
|Interest on obligation|72|107|
|Actuarial losses|(354)|484|
|Benefits paid|(305)|(255)|
|At31December|5,833|6,404|
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
|||EOOO||Proportion|6000||Proportion|
|tndex-Linked|GilisTracker|1,961||28%|1,900||27%|
|UK Equity index Tracker
Fixed Interest
Gilts Tracker||1,791
1,562||26%
22%|1,534
1,745||22%
25'/|
|Insured
Pensions||1,574||23%|1,875||26%|
|Cash||93|||47|||
|Less: overpaid|contributions|||||||
|||6,981|||7,101|||
##
##
|The scheme
liabilities
shown
sheet date:|above have been calculated
using|the following
assumptions
at t|he balance|
|---|---|---|---|
|||2021|2020|
||||0/|
|Discount rate
Retail price inflation
Salary increase rate
Pension increases (at limited
Consumer
price inflation|price indexation)|1.85
3.50
n/a
3.70
2,90|1,15
3.00
4.30
3.30
2.30|
|The following
components
ofthe pension charge have been
for the year ended 31 December 2021:
2021|The following
components
ofthe pension charge have been
for the year ended 31 December 2021:
2021|The following
components
ofthe pension charge have been
for the year ended 31 December 2021:
2021|recognised
in the statement
offinancial
2021
2020|recognised
in the statement
offinancial
2021
2020|recognised
in the statement
offinancial
2021
2020|actinnties
2020|
|---|---|---|---|---|---|---|
|||8000|8000||8000|8000|
|Current service cost and net service|||15|||23|
|cost|||||||
|Administration
costs|||||||
|Interest on obligation
interest on scheme assets||72
(80)|||107
(123)||
|Past service costs|||||||
|Net finance income||||(8}||(16)|
|Total operating
charge|||||||
##
|Ehe actual return
on assets during|Ehe actual return
on assets during|Ehe actual return
on assets during|Ehe actual return
on assets during|the year was f169,000|the year was f169,000|the year was f169,000|(2020:R438,000).|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||6000|6000|
|Analysis|ofthe actuarial|(losses)/gains
recognised||||in SOFA:||||
|Asset return less interest||income||recognised|in statement||offinancial|||
|activities||||||||(89)|(315)|
|Experience
(losses)/gains||on|benefit obligation|||||||
|Changes|to demographic|assumptions||||||||
|Effect of|assumptions
changes||on benefit obligation|||||(354)|484|
|||||||||(4tt3)|169|
|Sensitivity|of the value placed||on|the liabilities||||Approximate|effect on liability|
||||||||||2021|
||||||||||8000|
|Discount rate (-0.50%)
Inflation (+0.50%)|||||||||367
175|
|Salary Increases (+0.50%)||||||||||
|Commutation|||||||||25|
|Mortality|(increase long-term
rate|||to 1.75% p.a.)|||||55|
##
##
##
|Reconciliation
ofnet income/(expenditure)
to net cas
ofcash and cash equivalents|h flow from operat|ing
activities
and|analysis|
|---|---|---|---|
||Group|Group|Group|
|||2021|2020|
|Net income/(expenditure))
Adjustment
for pension
funding
Dividends,
interest and other investment
income
Depreciation
(Increase)/decrease
in stocks
(Increase) in debtors
(Decrease)/increase
in creditors
(Profit)/loss
on disposal offixed assets
Deduct gains/add
back losses on investments||457,506
(8,000)
(113,407)
1,249,854
(888)
125,774
(596,275)
5,251
(702,406)|(3,780,883)
(14,000)
(125,420)
1,790,297
12,100
(50,648)
355,786
2,135,777
(384,510)|
|Net cash inflow from operating
activities||417,409|(61,501)|
|||Charity|Charity|
|||2021|2020|
||||6|
|Net income/(expenditure)
Adjustment
for pension
funding
Dividends,
interest and other investment
income
Depreciation
(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
Increase/(decrease)
in creditors||109,724
(8,000)
(113,407)
1,249,854
(888)
90,863
(366,735)|(3,909,'I 73)
('I4,000)
(125,420)
1,971,851
12,100
2,320,472
431,513|
|Profit cn disposal cffixed assets
Deduct gains/add
back losses on investments||(702,406)|(384,510)|
|Net cash inflow from operating
activities||259,005|302,833|
##
##
|Analysis ofcha|nges
in net debt|||||
|---|---|---|---|---|---|
|||Balance at||Other|Balance at|
|Group (2021)||1 January
2021
F|Cash flows
5|Movements|31 December 2021|
|Bank and cash||979,051|3,049,125||4,028,176|
|Loans due within
Loans due after|one year
more than one year|(15,922,791)|47,693|(546,171)
546,171|(546,171)
(15,328,927)|
|Net debt||(14,943,740)|3,096,818||(11,846,922)|
|||Balance at||Other|Balance at|
|Charity (2021)||1 January
2021|Cash flows|Movements|31 December 2021|
|Bank and cash||965,400|3,062,777||4,028,177|
|Loans due within
Loans due after|one year
more than one year|(15,922,791)|47,693|(546,171)
546,171|(546,171)
(15,328,927)|
|Net debt||(14,957,391)|3,110,470||(11,846,921)|
|||Balance at||Other|Balance at|
|Group (2020)||1 January
2020
6|Cash flows|Movements
6|31 December 2020
K|
|Bank and cash||1,673,634|3,049,125||971,051|
|Loans due within
Loans due atter|one year
more than one year|(16,460,832)|19,168|(557,209)
557,209|(567,209)
(15,922,791)|
|Net debt||(14,787,1 98)|(713,751)||(15,500,949)|
|||Balance at||Other|Balance at|
|Charity (2020)||1 January
2020|Cash flows|Movementsf|31 Decernber2020|
|Bank and cash||1,030,384|(64,984)||965,400|
|Loans due within
Loans due after|one year
more than one year|(16460 832)|19,166|(557,209)
557,209|(557,209)
(15,922,791)|
|Net debt||(15,430,448)|(84,152)||(14,957,390)|
##
##
##