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|Trustees||D Hudson|||||
|---|---|---|---|---|---|---|
|||J Bengeld|||||
|||C Braithwaite|||||
|||M Armitage|||(Appointed|24 February|
||||||2021)||
|||J Chapman|||(Appointed|2 March 2021)|
|Secretary||AJ Needham|||||
|Charity number||1112378|||||
|Company|number|05467350|||||
|Registered|office|1 Wlnton Avenue|||||
|||Westcliff on|Sea||||
|||Essex|||||
|||SSO 7QU|||||
|Auditor||Rickard Luckin||Limited|||
|||Phoenix House,||Suite 8|||
|||Christopher|Martin Road||||
|||Basildon|||||
|||Essex|||||
|||SS143EZ|||||
|Webslte||https://www.|lwphomes. org.uk/||||
|Solicitors||Hunters|||||
|||9 New Square|||||
|||London|||||
|||WC2A 3QN|||||





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||||Page|
|---|---|---|---|
|Trustees'|report||1-8|
|Independent<br>auditor's||report|9-12|
|Statement|of financial|activities|13|
|Balance sheet||||
|Statement|ofcash flows||15|
|Notes to|the financial|statements|16-32|





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|charity's<br>closure. <br>Our total reserves|charity's<br>closure. <br>Our total reserves|<br>|This amount<br>would currently<br>b<br> are;<br>f2,464,526|e f610,000 (20|
|---|---|---|---|---|
|Of which:|||||
|Amount|restricted||to donor nominated<br>purposes|f53,019|
|Amount|capitallsed||in tangible<br>fixed assets|f4,232,121|
|Amount|required|to fund pension<br>deficit||(f2,092,000)|
|Amount|allocated||to capital reserve|6150,000|
|Amount|available||to meet current operations|f121,386|





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|||||Unrestricted<br>Unrestricted|Unrestricted<br>Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|||
|||||general|designated||||
||||Notes|2021<br>f|2021|2021f|2021|2020<br>f|
|Igggmtbftgm;|||||||||
|Donations<br>and legacies|||3|34,923||163,719|198,642|106,143|
|Charitable<br>activities|||4|2,423,509|||2,423,509|2,409,401|
|Investments|||5|6,891|||6,891|9,611|
|Total income||||2,465,323||163,719|2,629,042|2,525,155|
|Raising funds|||6|6,725|||6,725|7,631|
|Charitable<br>activities|||7|2,168,246|200|186,070|2,354,516|2,337,685|
|Total resources expended||||2,174,971|200|186,070|2,361,241|2,345,316|
|Netgains/(losses)|on Investments||11|48,888|||48,888|(5,886)|
|Net Incoming/(outgoing)<br>before transfers||resources||339,240|(200)|(22,351)|316,689|173,953|
|Gross transfers<br>between||funds||(135,978)|142,841|(9,144)|(2,281)||
|Net Incoming/(outgoing)||resources||203,262|142,641|(31,495)|314,408|173,953|
|Other recognised|gains|and losses|||||||
|Actuarial<br>gain/(loss)<br>on defined<br>benefit pension schemes|||||90,000||90,000|(139,096)|
|Net movement<br>in|funds|||203,262|232,641|(31,495)|404,408|34,857|
|Fund balances at 1 September 2020||||4,150,245|(2,174,641)|84,514|2,060,118|2,025,261|
|Fund balances at|31August 2021|||4,353,507|(1,942,000)|53,019|2,464,526|2,060,118|





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|||||||||2021|2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes||F||f|
|Fixed assets|||||||||||
|Tangible assets||||||12|||4,232,121|4,273,979|
|Investments||||||13|||450,861|398,542|
||||||||||4,682,982|4,672,521|
|Current assets|||||||||||
|Stocks||||||14||5,711||5,932|
|Debtors||||||15||13,247||7,061|
|Cash at bank and||in|hand||||659,516|||409,839|
||||||||678,474|||422,832|
|Creditors:|amounts||falling due within||||||||
|one year||||||17|(202,212)|||(236,452)|
|Net current|assets||||||||476,262|186,380|
|Total assets less||current|||liabilities||||5,159,244|4,858,901|
|Creditors:|amounts||falling due after||||||||
|more than|one year|||||18|||(602,718)|(472,783)|
|Provisions|for liabilities||||||||(2,092,000)|(2,326,000)|
|Net assets|||||||||2,464,526|2,060,118|
|Income funds|||||||||||
|Restricted|funds|||||20|||53,019|84,514|
|VorafitfictadL00&|||||||||||
|Designated|funds|||||22|(1,942,000)|||(2,174,641)|
|General<br>unrestricted|||funds||||3,698,627|||3,495,365|
|Revaluation|reserve||||||654,880|||654,880|
||||||||||2,411,507|1,975,605|
||||||||||2,464,526|2,060,118|
|The financial<br>statements||||were approved||by the Trustees on||18March|2022||
|||||||||H~A.|||
|D Hudson|||||||J Benfield||||
|Trustee|||||||Trustee||||





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||||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes||f|||
|Cash flows from operatIng|||activities||||||||
|Cash generated<br>from operations||||||25||226,475||280,318|
|Investing|activities||||||||||
|Purchase|oftangible<br>fixed assets||||||(116,500)||(6,671)||
|Net proceeds on disposal of|||investments||||(3,431)||6,313||
|Investment|income received||||||6,891||9,611||
|Net cash|(used In)/generated|||from|||||||
|Investing|activities|||||||(113,040)||9,253|
|Financing|activities||||||||||
|Proceeds|of new bank loans||||||162,963||||
|Repayment|of bank loans||||||(26,721)||||
|Net cash|generated<br>from/(used||||in)||||||
|financing|activities|||||||136,242|||
|Net Increase<br>In cash and cash|||||equivalents|||249,677||289,571|
|Cash and|cash equivalents|at beginning||||ofyear||409,839||120,268|
|Cash and|cash equivalents||at|end of||year||659,516||409,839|





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|Donation|s|and|legacies||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted|Total|Unrestricted|Restricted|Total|
||||||funds|funds||funds|funds||
||||||general|||general|||
||||||2021f|2021f|2021f|2020<br>f|2020f|2020<br>f|
|Donations||and gifts|||34,923|11,254|46,177|22,843|74,701|97,544|
|infection|control||and||||||||
|other grants||||||152,465|152,465|7,514||7,514|
|Other||||||||1,085||1,085|
||||||34,923|163,719|198,642|31,442|74,701|106,143|
|Charitable||activities|||||||||
||||||||||Provision of|Provision of|
||||||||||care homes|care homes|
||||||||||2021|2020|
||||||||||f.|f|
|Resident||Fees - Local Authority|||funding||||316,030|288,999|
|Resident||Fees - Private||funding|||||1,878,365|2,005,154|
|Respite Cars|||||||||94,142|42,667|
|Ancillary|trading||income||||||134,972|72,581|
||||||||||2,423,509|2,409,401|
|Investments|||||||||||
||||||||Unrestricted|Unrestricted|Restricted|Total|
||||||||funds|funds|funds||
||||||||general|general|||
||||||||2021f|2020|2020<br>f|2020f|
|Interest receivable|||||||6,891|9,527|84|9,611|



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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||general|general|
||||||2021|2020|
||Publicity||||2,070|1,980|
||Press advertising||||562|2,059|
||Website costs||||1,693|938|
||Fundraising|and|publicity||4,325|4,977|
||nve||e|e|2,400|2,654|
||||||6,725|7,631|
|7|Charitable|activities|||||



|||||Charitable|Charitable|
|---|---|---|---|---|---|
|||||Expenditure|Expenditure|
|||||2021|2020|
|||||f|f|
|Staff costs||||1,543,483|1,578,663|
|Depreciation|and|impairment||158,358|161,363|
|Operational|costs|||147,634|155,523|
|Pension<br>rectification|||costs|54,203|15,797|
|Staff welfare||||5,966|6,607|
|Recruitment|costs|||2,167|1,973|
|Staff training||||1,935|3,464|
|Premises costs||||103,955|74,174|
|Insurance||||27,476|21,093|
|Repairs||||46,325|47,366|
|Telephone||||13,406|13,696|
|Board and committee|||expenses|529|1,553|
|Communication||and|computer costs|21,169|19,981|
|Maintenance|contracts|||55,403|48,042|
|Other charitable||expenditure||42,596|44,087|
|||||2,224,605|2,193,382|
|Share ofgovernance|||costs (see note 8)|129,911|144,303|
|||||2,354,516|2,337,685|





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|7|Charitable<br>activities|||||||||||||(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Analysis<br>by fund|||||||||||||||
||Unrestricted<br>funds - general||||||||||||2,168,246||2,316,457|
||Unrestricted<br>funds - designated|||||||||||||200||
||Restricted funds|||||||||||||186,070|21,228|
||||||||||||||2,354,516||2,337,685|
|8|Support costs|||||||||||||||
|||||Support||Governance|||2021||Support||Governance||2020|
|||||costs|||costs||||costs|||costs||
||||||f|||||f||||f|f|
||Audit and accountancy|||||||||||||||
||fees||||||10,173||10,173|||||9,891|9,891|
||Legal and professional|||||||||||||||
||fees||||||119,738||119,738|||||134,412|134,412|
||||||||129,911||129,911|||||144,303|144,303|
||Analysed<br>between|||||||||||||||
||Charitable<br>activities||||||129,911||129,911|||||144,303|144,303|
||Governance<br>casts includes|||payments||ta the|auditors||off7,704|VAT induded||(2020-||f6,540 VAT|included)|
||for audit fees.|||||||||||||||
|9|Trustees|||||||||||||||
||None ofthe trustees|(or|any|persons|connected|||with them) received any remuneration||||||or benefits|fram the|
||charity during<br>the year.|||||||||||||||
||Out of pocket expenses||totalling f317|||(2020 -||f1,000) were reimbursed|||to 1|(2020 -||4) trustees|in relation|
||to travel costs.|||||||||||||||
|10|Employees|||||||||||||||
||Ths average<br>monthly|number||ofemployees|||during ths||year was:|||||||
|||||||||||||||2021|2020|
||||||||||||||Number||Number|
||Direct charitable<br>work|||||||||||||81|81|
||Employment<br>costs|||||||||||||2021<br>f|2020f|
||Wages and salaries||||||||||||1,403,048||1,436,753|



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|Employees||(Continued)|
|---|---|---|
|Social security costs|100,710|98,681|
|Other pension costs|39,725|43,229|
||1,543,483|1,578,663|



## 

||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||general|general|
||||||2021f|2020|
||Revaluation|of investments|||48,888|(5,886)|
|12|Tangible fixed assets||||||
|||||Freehold<br>Land|Fixtures and|Total|
|||||and Buildings|Fittings||
|||||f.|f.||
||Cost or valuation||||||
||At 1 September 2020|||4,690,658|604,675|5,295,333|
||Additions|||94,628|21,872|116,500|
||At 31 August|2021||4,785,286|626,547|5,411,833|
||Depreciation|and impairment|||||
||At 1 September 2020|||449,811|571,543|1,021,354|
||Depreciation|charged|in the year|137,886|20,472|158,358|
||At 31August|2021||587,697|592,015|1,179,712|
||Carrying<br>amount||||||
||At 31August|2021||4,197,589|34,532|4,232,121|
||At 31August|2020||4,240,847|33,132|4,273,979|





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## 

|13|Fixed a|sset|Investme|nts|||
|---|---|---|---|---|---|---|
|||||||Listed|
|||||||investments|
||Cost or|valuation|||||
||At 1 September 2020|||||398,542|
||Valuation|changes||||54,719|
||Fees|||||(2,400)|
||At 31August||2021|||450,861|
||Carrying|amount|||||
||At 31August||2021|||450,861|
||At 31August||2020|||398,542|
|14|Stocks||||||
||||||2021f|2020|
||Finished|consumables||and goods for resale|5,711|5,932|
|15|Debtors||||||
||Amounts|falling due||within one year:|2021|2020f|
||Trade debtors||||12,990|6,642|
||Prepayments||and accrued income||257|419|
||||||13,247|7,061|





## 

## 

|16|Loans and overdrafts|Loans and overdrafts|Loans and overdrafts|Loans and overdrafts|||||
|---|---|---|---|---|---|---|---|---|
||||||||2021<br>6|2020f|
||Bankloans||||||636,242|500,000|
||Payable<br>within one||year||||33,524|27,217|
||Payable afier|one year|||||602,718|472,783|
||Amounts<br>Induded||above which||fall due after five years;||||
||Payable<br>by Instalments||||||256,933|352,399|
|17|Creditors: amounts|||falling due within one year|||||
||||||||2021|2020|
|||||||Notes|||
||Bank loans|||||16|33,524|27,217|
||Other taxation|and|social security||||26,389|23,943|
||Government|grants|||||3,357|55,078|
||Trade creditors||||||114,753|96,015|
||Accruals and|deferred||income|||24,189|34,199|
||||||||202,212|236,452|
|18|Creditors: amounts|||falling due after more than one year|||||
||||||||2021|2020|
|||||||Notes|||
||Bank loans|||||16|602,718|472,783|



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|19|Retirement<br>benefit|Retirement<br>benefit|schemes|schemes||||||(Continued)|
|---|---|---|---|---|---|---|---|---|---|---|
||Kay assumptions||||||||||
||||||||||2021|2020|
||||||||||0/|0/|
||Discount rate||||||||1.73%|1.57% p.a|
||Expected rate of|increase of pensions|||||in payment||3.18%|2.87% p.a|
||RPI inflation<br>rate||||||||3.34%|2.95%p.a|
||Pension increase|in|deferment||||||5.0%|50%p.a|
||Mortality assumptions||||||||||
||The assumed<br>life|expectations|||on retirement|||at age 60are:|||
||||||||||2021|2020|
||||||||||Years|Years|
||Retiring today||||||||||
||- Males||||||||86.3|86.0|
||- Females||||||||88.9|88.1|
||Retiring<br>in 20 years||||||||||
||- Males||||||||87.5|87.2|
||- Females||||||||90.1|89.4|
||Amounts<br>recognised||in|the profit and||loss account:|||||
||||||||||2021|2020|
||||||||||f|6|
||Net Interest on defined|||benefit liability/(asset)|||||35,000|41,000|
||Amounts<br>taken to other|||comprehensive|||income:||||
||||||||||2021|2020|
|||||||||||6|
||Actual<br>return<br>on scheme assets||||||||(164,000)|(201,000)|
||Less: calculated|interest||element|||||66,000|73,000|
||Return<br>on scheme assets excluding|||||interest||income|(98,000)|(128,000)|
||Actuarial changes|related to obligations|||||||(27,000)|227,000|





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|The<br>amounts<br>included|in|the||balance|sheet<br>arising|sheet<br>arising|from|the|charity's|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|obligations<br>in respect ofdefined||||benefit plans are||as foflows:||||||
|||||||||||2021f|2020<br>f|
|Present value ofdefined|benefit|||obflgatlons||||||6,471,000|6,521,000|
|Fair value of plan assets||||||||||(4,379,000)|(4,195,000)|
|Deficit in scheme||||||||||2,092,000|2,326,000|
|Movements<br>in the present value||||ofdefined|benefit|obflgations:||||||
||||||||||||2021f|
|Liabilities at 1 September|2020||||||||||6,521,000|
|Benefits paid|||||||||||(124,000)|
|Actuarial<br>gains and losses|||||||||||(27,000)|
|Interest cost|||||||||||101,000|
|At 31August 2021|||||||||||6,471,000|
|The defined<br>benefit obligations|||arise from plans which are wholly or||||||partly funded.|||
|Movements<br>in the fair value of plan assets:||||||||||||
||||||||||||2021|
||||||||||||f|
|Fair value ofassets at 1 September 2020|||||||||||4,195,000|
|Interest income|||||||||||66,000|
|Return on plan assets (excluding||||amounts|included|in net interest)|||||98,000|
|Benefits paid|||||||||||(124,000)|
|Contributions<br>by the employer|||||||||||144,000|
|At 31August 2021|||||||||||4,379,000|
|The fair value of plan assets||at the reporting|||period|end was as||follows:||||
|||||||||||2021|2020|
|||||||||||f|f.|
|Equity instruments||||||||||1,393,000|1,163,000|
|Liability<br>Driven Investments||||||||||2,340,000|2,332,000|
|Cash||||||||||46,000|40,000|
|Insured<br>pensioners||||||||||600,000|660,000|
|||||||||||4,379,000|4,195,000|





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||||Movement<br>in funds|Movement<br>in funds|||
|---|---|---|---|---|---|---|
|||Balance at|Incoming|Resources|Transfers|Balance at|
|||1 September|resources|expended||31August|
|||2020||||2021|
|||6|||||
|Amenities-|Grange|4,316||||4,316|
|Amenities-|Minehead|8,032|2,708|(1,084)|1,094|10,750|
|Amenities-|Westdiff|2,606|274|2,489|(2,734)|2,635|
|Amenities-|Woodhall Spa|8,091|1,409|(7,978)|7,246|8,768|
|LPMA||54,203||(54,203)|||
|Other||7,266|6,863|619|(14,748)||
|Infection control|||152,465|(125,915)||26,550|
|||84,514|163,719|(186,072)|(9,142)|53,019|





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|Analysis|of net a|ssets between|funds||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Designated|||Restricted|Total|
||||||funds|||funds|funds||
||||||2021|||2021|2021|2021|
||||||f||||f|f|
|Fund balances at 31August 2021 are|||||||||||
|represented|by;||||||||||
|Tangible assets|||||4,214,572||||17,549|4,232,121|
|Investments|||||450,861|||||450,861|
|Current assets/(fiabilltles)|||||290,792||150,000||35,470|476,262|
|Long term|liabilities||||(602,718)|||||(602,718)|
|Provisions|and Pensions|||||(2,092,000)||||(2,092,000)|
||||||4,353,507|(1,942,000)|||53,019|2,464,526|
|||||Unrestricted||Designated|||Restricted|Total|
||||||funds|||funds|funds||
||||||2020|||2020|2020|2020|
||||||f|||f|f|f|
|Fund balances at 31 August 2020 are|||||||||||
|represented|by:||||||||||
|Tangible assets|||||4,122,620||151,359|||4,273,979|
|Investments|||||398,542|||||398,542|
|Current assets/(liabilities)|||||57,457||||84,513|186,380|
|Long term|liabilities||||(472,783)|||||(472,783)|
|Provisions|and Pensions|||||(2,326,000)||||(2,326,000)|
||||||4,105,836|(2,174,641)|||84,513|2,060,118|
|Designated|funds||||||||||
|The income funds||of the charity|include|the following|designated|funds|which<br>have been set|||aside out of|
|unrestricted|funds|by the trustees|for specific purposes:||||||||
||||||Movement|||ln funds|||
|||||Balance at|Incoming|Rescurces|||Transfers|Balance at|
|||||1 September|resources||expended|||31August|
|||||2020f||||||2021<br>f|
|Capital reserve||||151,359||||(200)|(1,159)|150,000|
|Pension reserve||||(2,326,000)|90,000||||144,000|(2,092,000)|
|||||(2,174,641)|90,000|||(200)|142,841|(1,942,000)|



## 



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|24|Operating<br>lease commitments|Operating<br>lease commitments||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||At the reporting<br>end date the||charity||had||outstanding||commitments||for future|minimum<br>lease payments||
||under non-cancellable|operating||leases,||which||fall due|as|follows:||||
|||||||||||||2021|2020|
||Within one year|||||||||||9,084|9,622|
||Between two and five|years||||||||||14,273|8,102|
|||||||||||||23,357|17,724|
|25|Cash generated<br>from|operations||||||||||2021|2020|
|||||||||||||f|f|
||Surplus for the year|||||||||||314,408|173,953|
||Adjustments<br>for:|||||||||||||
||Investment<br>Income recognised||in|statement|||of|financial|activities|||(6,891)|(9,611)|
||Fair value gains and losses on investments|||||||||||(48,888)|5,886|
||Depreciation<br>and impairment<br>oftangible|||||fixed assets||||||158,358|161,363|
||Difference between<br>pension<br>charge and|||||cash contributions||||||(144,000)|(136,096)|
||Movements<br>in working|capital:||||||||||||
||Decrease/(increase)<br>in stocks|||||||||||221|(1,085)|
||(Increase)/decrease<br>in|debtors||||||||||(6,186)|51,285|
||Increase/(decrease)<br>in|creditors||||||||||11,174|(20,455)|
||(Decrease)/increase<br>In deferred||income|||||||||(51,721)|55,078|
||Cash generated<br>from|operations||||||||||226,475|280,318|
|26|Analysis ofchanges|In net funds/(debt)||||||||||||
|||||||||||At 1 September||Cash flaws|At 31August|
||||||||||||2020||2021|
||||||||||||||f|
||Cash at bank and<br>in hand||||||||||409,839|249,677|659,516|
||Loans falling due within|one year|||||||||(27,217)|(6,307)|(33,524)|
||Loans falling due after|more than||one year||||||(472,783)||(129,935)|(602,718)|
||||||||||||(90,161)|113,435|23,274|





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