2021-01-31-accounts

						Page
Reference and administrative			details	ofthe Charity,	Its Trustees and advisers	1-2
Trustees' report						3-14
Independent	auditors'	report	on the	financial statements		15-18
Consolidated	statement	offinancial		activities		19
Consolidated	balance sheet					20 - 21
Charity balance sheet						22-23
Consolidated	statement	ofcash flows				24
Notes to the	financial statements					25- 50

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
	Note	2021f	2021 6	2021 6	2021 6	2020 6
Income and
endowments from:
Donations and legacies		5,040	11,000		16,040	74,756
Charitable activities		1,780,502			1,780,502	1,793,291
Other trading activities		26,815			26,815	32,111
investments		4,216			4,216	5,631
Other income		133,258			133,258	12,159
Total income and endowments		1,949,831	11,000		1,960,831	1,917,948
Expenditure on:
Raising funds		40,420			40,420	29,547
Charitable activities	9	1,867,868	8,634	7,664	1,884,166	1,892,237
Total expenditure		1,908,288	8,634	7,664	1,924,586	1,921,784
Net
Income/(expenditure)
before net gains on Investments		41,543	2,366	(7,664)	36,245	(3,836)
Net gains on investments		29,236			29,236	16,728
Net
income/(expenditure)		70,779	2,366	(7,664)	65,481	12,892
Net movement ln funds		70,779	2,366	(7,664)	65,481	12,892
Reconciliation of
funds:
Total funds brought forward		2,219,823	103,164	205,728	2,528,715	2,515,823
Net movement in funds		70,779	2,366	(7,664)	65,481	12,892
Total funds carried forward		2,290,602	105,530	198,064	2,594,196	2,528,715

			CONSOLIDATED	BALANCE SHEET
			AS AT 31 JANUARY 2021
				2021		2020
			Note	6		6
Fixed assets
Tangible assets			14	2,655,289		2,732,801
Investments			15	258,896		223,107
				2,914,185		2,955,908
Current assets
Debtors			16	247,836	249,753
Cash at bank and	in hand			509,253	204,810
				757,089	454,563
Creditors: amounts	falling	due within	one
year			17	(165,006)	(101,729)
Net current assets				592,083		352,834
Total assets less	current	liabilities		3,506,268		3,308,742
Creditors: amounts	falling	due after	more
than one year			18	(912,073)		(780,027)
Net assets				2,594,195		2,528,715
Total net assets				2,594,195		2,528,715
Charity funds
Endowment funds			19	198,064		205,728
Restricted funds			19	105,530		103,164
Unrestricted funds			19	2,290,601		2,219,823
Total funds				2,594,195		2,528,715

						2021		2020
				Note		F		6
Fixed assets
Tangible assets				14		2,655,289		2,732,801
Investments				15		258,906		223,117
						2,914,195		2,955,918
Current assets
Debtors				16	288,802		268,356
Cash at bank and	in hand				509,253		204,810
					798,055		473,166
Creditors: amounts	falling		due within one
year				17	(165,006)		(101,728)
Net current assets						633,049		371,438
Total assets less	current		liabilities			3,547,244		3,327,356
Creditors: amounts	falling		due after more
than one year				18		(912,073)		(780,027)
Net assets excluding		pension asset				2,635,171		2,547,329
Total net assets						2,635,171		2,547,329
Charity funds
Endowment funds				19		205,728		205,728
Restricted funds				19		114,164		103,164
Unrestricted funds				19		2,315,279		2,238,437
Total funds						2,635,171		2,547,329

	FOR THE	YEAR ENDED 31 JANUARY 202	1
			2021	2020
Cash flows from operating	activities
Net cash used in operating	activities		196,462	88,244
Cash flows from Investing	activities
Dividends, Interests and rents from investments			4,216	5,631
Purchase oftangible fixed assets			(20,987)	(832,471)
Proceeds from sale of investments			49,049	8,196
Purchase of investments			(55,575)	(17,028)
Net cash used in investing	activities		(23,297)	(835,672)
Cash flows from financing	activities
Repayments of borrowing			(1,600)	(3,200)
Repayments ofbank loans			(18,722)	(30,509)
Increase of borrowings			151,600	314,081
Net cash provided by financing activities			131,278	280,372
Change in cash and cash	equivalents In	the year	304,443	(467,056)
Cash and cash equivalents	at the beginning	ofthe year	204,810	671,866
Cash and cash equivalents	at the end of	the year	509,253	204,810
The notes on pages 25to 50 form part ofthese financial statements

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021f	2021 F	2021 F
Donations	5,040		5,040
Grants		11,000	11,000
	5,040	11,000	16,040
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020 F	2020 8	2020f
Donations	5,156	100	5,256
Grants		69,500	69,500
	5,156	69,600	74,756

							Unrestricted	Total
							funds	funds
							2021	2021
							6	6
Income	from	charitable	activities	-	Charitable	activities	1,780,502	1,780,502
							Unrestricted	Total
							funds	funds
							2020	2020
							6	6
Income	from	charitable	activities	-	Charitable	activities	1,793,291	1,793,291

				Unrestricted	Total
				funds	funds
				2021 F	2021f
Fundralslng	Income			10,069	10,069
				Unrestricted	Total
				funds	funds
				2020f	2020f
Fundralsing	income			32,111	32,111
Income from non charitable		trading	activities

		Unrestricted	Total	Total
		funds	funds	funds
		2021f	2021f	2020f
Trading	income	16,746	16,746

		Unrestricted	Total
		funds	funds
		2021	2021
		6	6
Investment	income	4,140	4,140
Interest income		76	76
Total 2021		4,216	4,216

		Unrestricted	Total
		funds	funds
		2020f	2020 F
Investment	Income	5,219	5,219
Interest income		412	412
Total2020		5,631	5,631

		Unrestricted	Total
		funds	funds
		2021 6	2021f
Other Income		132,352	132,352
Government	Grant income	906	906
Tots I 2021		133,258	133,258
		Unrestricted	Total
		funds	funds
		2020f	2020f
Other income		12,159	12,159

		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2021	2021	2021	2021
		6	6	6	6
Charitable	activities	1,867,868	8,634	7,664	1,884,166

Summary	by fund type (continue	d)
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2020f	2020 F	2020 f	2020 f
Charitable	activities	1,874,251	10,323	7,663	1,892,237

Activities
undertaken	Support	Total
directly	costs	funds
2021 6	2021f	2021 6
1,721,484	162,682	1,884,166

Activities
undertaken	Support	Total
directly	costs	funds
2020f	2020f	2020 F
1,724,473	167,764	1,892,237

			Charitable	Total
			activities	funds
			2021f	2021f
Staff costs			1,414,071	1,414,071
Depreciation			98,525	98,525
WCH Garden	project and members	activities	8,634	8,634
Minibus expenses			245	245
Rent			50,995	50,995
Rates and water			20,337	20,337
Light and heat			54,006	54,006
Repairs			40,252	40,252
Activities centre consumables			3,869	3,869
Medical supplies			4,859	4,859
Housekeeping			1,988	1,988
Cleaning			2,754	2,754
Food costs			1,040	1,040
Gardening			68	68
Mortgage interest			19,841	19,841
Total 2021			1,721,484	1,721,484

			Charitable	Total
			activities	funds
			2020	2020
			f
Staff costs			1,428,665	1,428,665
Depreciation			89,908	89,908
WCH Garden	project and members	activities	«8	«8
Minibus expenses			1,185	1,185
Rent			50,902	50,902
Rates and water			18,942	18,942
Light and heat			42,462	42,462
Repairs			47,258	47,258
Activities centre consumables			6,241	6,241
Medical supplies			2,357	2,357
Housekeeping			3,572	3,572
Cleaning			3,868	3,868
Food costs			4,538	4,538
Gardening			3,569	3,569
Mortgage interest			20,888	20,888
Total 2020			1,724,473	1,724,473

		Charitable	Total
		activities	funds
		2021f	2021f
Recruitment		24,813	24,813
Contingencies		25,605	25,605
Motor and	travel	15,501	15,501
Insurance		16,292	16,292
Telephone		12,173	12,173
Marketing	and training	18,447	18,447
Bad debts		9,930	9,930
Postage and stationery		4,682	4,682
Sundries		20,947	20,947
Bank charges		1,195	1,195
Legal and	accountancy	13,096	13,096
Total 2021		162,681	162,681
		Charitable	Total
		activities	funds
		2020	2020
		F	6
Recruitment		17,025	17,025
Motor and	travel	34,893	34,893
Insurance		15,449	15,449
Telephone		9,745	9,745
Marketing	and training	42,046	42,046
Bad debts		4,819	4,819
Postage and stationery		5,315	5,315
Sundries		20,521	20,521
Bank charges		1,370	1,370
Legal and	accountancy	16,581	16,581
Total202	0	167,764	167,764

				Group	Group	Charity	Charity
				2021	2020	2021	2020
				6	6		6
Wages and	salaries			1,332,577	1,328,608	1,300,073	1,316,064
Social security costs				94,990	90,242	91,392	89,569
Contribution	to defined	contribution	pension
schemes				22,606	23,032	22,606	23,032
				1,450,173	1,441,882	1,414,071	1,428,665

				Group	Group	Charity	Charity
				2021	2020	2021	2020
				No.	No.	No.	No.
Care	and	admin	staff	79	78	77	76

		Long-term
	Freehold	leasehold	Motor	Fixtures and
	propertyf	propertyf	vehicles	fittingsf	Total 6
Cost or valuation
At 1 February 2020	3,488,384	460,815	129,771	214,978	4,293,948
Additions	15,594			5,393	20,987
At 31 January 2021	3,503,978	460,815	129,771	220,371	4,314,935
Depreciation
At 1 February 2020	894,905	407,505	98,214	160,523	1,561,147
Charge for the year	69,632	13,328	7,215	8,323	98,498
At 31 January 2021	964,537	420,833	105,429	168,846	1,659,645
Net book value
At 31 January 2021	2,539,441	39,982	24,342	51,525	2,655,290
At 31 January 2020	2,593,479	53,310	31,557	54,455	2,732,801
Charity
		Long-term
	Freehold	leasehold	Motor	Fixtures and
	property 6	property F	vehicles 6	fittings F	Totalf
Cost or valuation
At 1 February 2020	3,488,384	460,815	129,771	214,978	4,293,948
Additions	15,594			5,393	20,987
At 31 January 2021	3,503,978	460,815	129,771	220,371	4,314,935
Depreciation
At 1 February 2020	894,905	407,505	98,214	160,523	1,561,147
Charge for the year	69,632	13,328	7,215	8,323	98,498
At 31 January 2021	964,537	420,833	105,429	168,846	1,659,645

Charity (continued)
		Long-term
	Freehold	leasehold	Motor	Fixtures and
	propertyf	propertyf	vehicles 6	fittings f	Total 6
Net book value
At 31 January 2021	2,539,441	39,982	24,342	51,525	2,655,290
At 31 January 2020	2,593,479	53,310	31,557	54,455	2,732,801

		Listed	Unlisted
Group and Charity		investments 6	investments 6	Totalf
Cost or valuation
At 1 February 2020		3,607	219,527	223,134
Additions			55,575	55,575
Disposals			(49,049)	(49,049)
Revaluations			29,236	29,236
At 31 January	2021	3,607	255,289	258,896
Net book value
At 31 January	2021	3,607	255,289	258,896
At 31 January 2020		3,607	219,527	223,134

The following	were	subsidi	ary unde	rtakings oft	he Charity:
Names				Company	Registered	office or	principal	Principal	activity
				number	place ofbusiness
The Portland,	Cheltenham			04210178	Well Close	House, Lansdown		Social enterprise
Limited					Parade, Cheltenham,		Glos GL50
					2LH
Well Close House		Limited		04210164	Well Close	House, Lansdown		Company	dissolved	7
					Parade, Cheltenham,		Glos GL50	May 2019
					2LH
Class of	Holding		Included	In
shares			consolidation
Ordinary		100'4	Yes
Ordinary		100'/o	Yes

The financial r	esults ofthe	subsidiaries fo	r the year were:
Names			Incomef	Expenditure 6	Profit/(Loss)/ Surplus/	Net assets/ (liabilities)
					(Deficit) for	f
					the year
					6
The Portland,	Cheltenham	Limited	16,746	(39,108)	(22,362)	(40,966)

					Group	Group	Charity	Charity
					2021	2020	2021	2020
						F
Due within	one year
Trade debtors					102,453	174,511	102,453	174,511
Amounts owed			by group undertakings				54,920	18,604
Prepayments		and accrued income			145,383	75,242	131,429	75,241
					247,836	249,753	288,802	268,356
Creditors:	Amounts			falling due within one year
					Group	Group	Charity	Charity
					2021 F	2020	2021 F	2020f
Bank loans					28,855	35,858	28,855	35,858
Other loans					7,850	1,600	7,850	1,600
Trade creditors					7,210	9,202	7,210	9,202
Other taxation			and social security		30,801	37,331	30,801	37,331
Other creditors					42,075	3,741	42,075	3,741
Accruals and		deferred		income	48,215	13,997	48,215	13,996
					165,006	101,729	165,006	101,728
Creditors:	Amounts			falling due after more than	one year
					Group	Group	Charity	Charity
					2021f	2020f	2021f	2020
Bank loans					768,323	780,027	768,323	780,027
Otherloans					143,750		143,750
					912,073	780,027	912,073	780,027

					Group	Group	Charity	Charity
					2021f	2020	2021	2020 6
Payable	or	repayable	by	instalments	947,171	632,348	947,171	632,348

Group	Group	Charity	Charity
2021f	2020 5	2021 6	2020 F
947,171	632,348	947,171	632,348

			Balance at 1				Balance at
			February			Gains/	31 January
			2020f	Income 5	Expenditure	(Losses)	2021 F
Unrestricted funds
General Funds - all funds			1,919,823	1,949,830	(1,908,288)	29,236	1,990,601
Designated future	running
costs			300,000				300,000
			2,219,823	1,949,830	(1,908,288)	29,236	2,290,601
Endowment funds
Endowment Funds -		all funds	205,728		(7,664)		198,064
Restricted funds
Waker Apartments
Conservatory			3,313				3,313
Well Close House
Refurbishment			37,592				37,592
Grants for Associated		Projects	9,838				9,838
Highbank			12,658				12,658
Phoenix Centre			8,355				8,355
Mini Bus			31,304				31,304
Social Enterprise	Project			11,000	(8,634)		2,366
Well Close House	Garden
Project			104				104
			103,164	11,000	(8,634)		105,530
Total of funds			2,528,715	1,960,830	(1,924,586)	29,236	2,594,195

Statement offund	s - prior year	s - prior year
	Balance at						Balance at
	1	February			Transfers	Gains/	31 January
		2019 F	Income	Expendituref	in/out	(Losses)f	2020f
Unrestricted
funds
General Funds
all funds	1,815,183		1,848,347	(1,903,915)	143,480	16,728	1,919,823
Designated
future running
costs		300,000					300,000
	2,115,183		1,848,347	(1,903,915)	143,480	16,728	2,219,823
Endowment
funds
Endowment
Funds - all funds		213,391		(7,663)			205,728
Restricted
funds
Waker
Apartments
Conservatory		3,313					3,313
Well Close
House
Refurbishment		37,592					37,592
Grants for
Associated
Projects		9,838					9,838
Highbank		12,658					12,658
Phoenix Centre		8,355					8,355
Mini Bus		31,304					31,304
Social Enterprise
Project		73,980	69,500		(143,480)
Well Close
House Garden
Project		10,209	100	(10,205)			104
		187,249	69,600	(10,205)	(143,480)		103,164

Summar	y	offunds -curr	ent year
			Balance at 1				Balance at
			February			Gains/	31 January
			2020f	Income F	Expendituref	(Losses)f	2021 f
General	funds		2,219,823	1,949,830	(1,908,288)	29,236	2,290,601
Endowment		funds	205,728		(7,664)		198,064
Restricted		funds	103,164	11,000	(8,634)		105,530
			2,528,715	1,960,830	(1,924,586)	29,236	2,594,195

Summar	y	offund	s -prior year
			Balance at					Balance at
			1 February			Transfers	Gains/	31 January
			2019	Income	Expenditure 6	in/out	(Losses) 6	2020f
General	funds		2,115,183	1,848,347	(1,903,915)	143,480	16,728	2,219,823
Endowment
funds			213,391		(7,663)			205,728
Restricted		funds	187,249	69,600	(10,205)	(143,480)		103,164
			2,515,823	1,917,947	(1,921,783)		16,728	2,528,715

Analysis	of n	et assets between funds -	current period
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
			2021f	2021 6	2021 6	2021 6
Tangible	fixed	assets	2,457,225		198,064	2,655,289
Fixed asset Investments			258,896			258,896
Current	assets		651,560	105,530		757,090
Creditors	due	within one year	(165,007)			(165,007)
Creditors	due	in more than one year	(912,073)			(912,073)
Total			2,290,601	105,530	198,064	2,594,195

Analysis of n	et assets between funds -	prior period
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	funds
		2020f	2020 F	2020 6	2020 6
Tangible fixed	assets	2,527,073		205,728	2,732,801
Fixed asset investments		223,107			223,107
Current assets		351,399	103,164		454,563
Creditors due	within one year	(101,729)			(101,729)
Creditors due	in more than one year	(780,027)			(780,027)
Other unallocated		(1)			(1)
Total		2,219,822	103,164	205,728	2,528,714

						Group	Group
						2021f	2020f
	Net income for the period (as per Statement			of Financial	Activities)	65,481	12,892
	Adjustments for:
	Depreciation charges					98,499	89,913
	Gains/(losses) on investments					(29,249)	16,907
	Dividends, interests	and rents from investments				(4,216)	(5,631)
	Decrease/(increase)	in debtors				1,918	(25,716)
	Increase/(decrease)	in creditors				64,029	(121)
	Net cash provided	by operating	activities			196,462	88,244
23.	Analysis ofcash and cash equivalents
						Group	Group
						2021f	2020 F
	Cash in hend					509,253	204,810
	Total cash and cash equivalents					509,253	204,810

			At 1		At 31
			February		January
			2020	Cash flows	2021
			f	F	F
Cash	at bank and in hand		204,810	304,443	509,253
Debt	due within	1 year	(37,458)	753	(36,705)
Debt	due after	1 year	(780,027)	(132,046)	(912,073)
			(612,675)	173,150	(439,525)

			Group	Group	Charity	Charity
			2021f	2020 8	2021	2020f
Operating	lease	rentals	56,483	58,240	56,483	58,240

In addition to Income and expenditure	the analysis of net	assets between	funds ls as f
	Unrestricted	Restricted	Endowment
Tangible fixed assets Fixed asset investments	62,457,225 6258,896		F198,064
Current assets	6651,560	6105,530
Creditors due within one year	(6165,007)
Creditors due in more than one year	(F912,073)