2021-03-31-accounts - Woking Homes

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			Page
Report ofthe Trustees		I	to	6
Report ofthe Independent Auditors		7	to	10
Statentent ofFinaucial Activities
Balance Sheet			12
Cash Flow Statement
Notes to the Cash Flow Statement			14
Notes to the Financial Statements		15	to	27
Detailed Statemeut ofFinancial	Activities	28	to	29

		STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
	INCORPORATING		AN INCOME AND EXPENDITURE ACCOUNT
		for the ear ended 31stMarch 2021
						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes	f.
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			18,526			18,526	21,407
Charitable activities Provision ofcare			1,720,726			1,720,726	1,782,415
Other trading activities Investment income			27,869 287,225			27,869 287,225	20,018 392,416
Other income			146,607			146 607
Total			2,200,953			2,200,953	2,216,256
EXPENDITURE	ON
Raising funds		7	67,610			67,610	66,022
Charitable activities
Provision ofcare			873,659			873,659	824,649
Catering services Household services			298,629 301,362			298,629 301,362	294,058 290,188
Property 88 equipment maintenance			172,522			172,522	204,506
Vehicle running costs Support costs Other expenditure			30,009 298,475 135,156			30,009 298,475 135,156	28,640 292,843 130,526
Total			2,177,422			2,177,422	2,131,432
Net gains/(losses)	on investments		1 689 110			1 689,11tl	~21,3483
NET INCOME			1,712,641			1,712,641	63,476
RECONCILIATION		OF
FUNDS
Total funds brought		fomvard	15,317,403		24,100	15,341,503	15,278,027
TOTAL FUNDS FORWARD	CARRIED		17 03tl.044		24100	17,054144	15.341503

									2021	2020
FIXEDASSETS				Notes						E
Tangible assets Investments				15					5 087637	5 086424
Investments Investment property				16 17					8,141,583 3 635 000	6,496,428 3 635 000
									16,864,220	15,217,852
CURRENT ASSETS
Debtors Cash at bank and in hand				18					87,557 195502	98,055 95 946
									283,059	194,001
CREDITORS
Amounts falling due within	one year			19					(93,135)	(70,350)
NET CURRENT ASSETS									139924	123,651
TOTAL ASSETSLESSCURRENT
LIABILITIES
									17,054,144	15,341,503
NET ASSETS									17 D54 144	15341503
FUNDS				22
Unrestricted funds Endowment funds									17,030,044 24 IDD	15,317403 24 100
TOTAL FUNDS									17054 144	15 341503
13 0 „;Itt t, and were signed on its behalf	pp by:	dDytD	0	d IB	t	d	tD	' dt'	i",,~7)+/~.:7-,

	CASH FLOW STATEMENT	CASH FLOW STATEMENT
	for the	ear ended 31st March 2021
		2021	2020
	Notes
Cash flows from operating activities Cash generated from operations		~107,536)	~324 959)
Net cash used in operating activities		~107536)	~324959)
Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments Sale oftangible fixed assets Sale offixed asset investments Investment cash movements Interest received Dividends and rental income received		(125,238) (1,5 89,014) ],150 1,412,481 220,488 70 287,155	(315,259) (709,521) 809,970 (55,219) 401 392,015
Net cash provided by investing activities		~207 092	~122387
Change in cash and cash equivalents reporting period	in the	99,556	(202,572)
Cash and cash equivalents at the beginning ofthe reporting period		~95 946	~298 518
Cash and cash equivalents at the end reporting period	ofthe	195,502	95,946

ACTIVITIES
			2021	2020
Net income for the reporting Activities)	period (as per the Statement	ofFinancial	1,712,641	63,476
Adjustments for: Depreciation charges (Gain)/losses on investments			122,875 (1,689, 110)	115,930 21,348
Interest received			(70)	(401)
Dividends and rental income received			(287,155)	(392,015)
Decrease in debtors			10,498	4,012
Increase/(decrease) in creditota			~22 785	~137309)
Net cash used in operations			~107 536)	~324959)

ANALYSIS OF CHANGES IN NKT FUNDS
	At 1.4.20	Cash flow	At 31.3.21
	f,
Net cash
Cash at bank and in hand	95 946	~99 556	~195502
	95 946	99,556	195502
Total	95,946	~99 556	195,502

Depreciation is provided a	t the following ann	ual rates in order to v rit	ual rates in order to v rit	e off each asset over its estimat
Freehold property Improvements to property	from 2010	4% on cost Straight line over		40 years and Straight line over
		10years
Care home assets		33%on	cost
Motor vehicles		20%on	reducing	balance

DONATIONS AND	LEGACIES
		2021	2020
Public donations		2,937	3,655
Legacies		500	310
Rail staff &company	donations	15,089	17442
		18,526	21,407

	NOTES TO	NOTES TO	THE FINANCIAL STATEMENTS - continued	THE FINANCIAL STATEMENTS - continued	THE FINANCIAL STATEMENTS - continued
			for the	ear ended 31stMarch 2021
3.	OTHER TRADING	ACTIVITIES			2021	2020
					f,
	Foxes income				27,869	20,018
4.	INVESTMENT INCOME				2021	2020
	Investment income				136,581	184,922
	Income from flats k,	other rentals			150,574	207,093
	Bank interest receivable				70	401
					287,225	~392416
5.	INCOME FROM CHARITABLE ACTIVITIES				2021	2020
	Charges to residents Staff accommodation	charges	Activity Provision Provision	ofcare ofcare	1,698,519 22,207	1,760,626 21,789
					~1,720 726	~1,782415
6.	OTHER INCOME				2021	2020
					g	f,
	Government grants CJRS grants				125,009 ~21 598
					146,607

7.	RAISING FUNDS
	Other trading activities			2021	2020
	Staffcosts			6,615	6,235
	Property expenses			15,040	14,557
				21,655	20 792
	Investment management		costs
				2021	2020
	Portfolio management			~45 955	45,230
	Aggregate amounts			67,610	~66 022
8.	CHARITABLE ACTIVITIES COSTS
	Direct costs (note 8)			2021	2020
	Provision ofcare			873,660	824,649
	Catering services Household services			298,629 301,361	294,058 290,188
	Property & equipment Vehicle &driver costs	maintenance		172,522 30,008	204,506 28,640
	Support costs Other expenditure			306,475 126 741 2 109396	292,843 130526 2 065410

DIRECT COSTS OF C	HARITABLE ACTIVITIES
		2021	2020
Care
Care staff costs		797,821	682,021
Agency care staff		75 839 873 660	142 628 824 649
Catering Contract costs		291,043	289,691
Sale offood		(1,343)	(4,273)
Miscellaneous		8929	8 640
		298 629	294 058
Household services
Laundry and household Laundry expenses Household and medical Light and heat Insurances	staff costs expenses	117,092 19,759 64,183 63,813 13,849	113,093 17,495 49,961 70,604 16,529
Rates and water		22 665	22 506
		301 361	290 188
Maintenance
General premises maintenance Maintenance ofpremises —staff costs Furniture repair and replacement		114,380 45,997 12 144 172521	134,111 44,919 25 476 204 506
Vehicle &driver costs
Driver staff costs		24,694	20,955
Vehicle expenses		5 315 30009	7685 28 640
Support costs Staffcosts		223,903	206,732
Office expenses Sundry expenditure Advertising Professional and accountancy		27,678 9,487 11,808 25 599 298 475	38,318 12,402 7,913 27478 292 843
Other expenditure Care Quality Commission TV rental and licences Stafftraining Depreciation		8,979 704 2,598 114460 126 741	7,229 8]8 6,549 115930 130526

			2021	2020
Auditors'	remuneration		9,000	8,800
Auditors'	remuneration	- non audit	16,000	15,700
Depreciation - owned		assets	114,460	115,930
Gain on	disposal of fixed asset

STAFFCOSTS
	2021	2020
Wages and salaries Social security costs Other pension costs	1,083,199 81,092 51,831	958,062 66,836 49,057
	~1,216 122	1,073,955

The average	monthly number ofemployees during the ye	ar was as follows:
		2021	2020
Care Household Maintenance	and taundty	39 9 2	29 10 2
Driver		I	1
Support and administration Foxes		7 I	7 I
		59	50

	The number ofemploye	es whose em	ployee benef	its (excluding emp	loyer pension cos	ts) exceeded f	60,000was:
						2021	2020
	660,001 - 670,000					I
14.	COMPARATIVES FOR THE STATEMENT			OF FINANCIAL	ACTIVITIES
				Unrestricted	Restricted	Endowment	Total
				funds	funds	fund	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			21,407			21,407
	Charitable activities
	Provision ofcare			1,782,415			1,782,415
	Other trading activities Investment income			20,018 392,416			20,018 392416
	Total			2,216,256			2,216,256
	EXPENDITURE ON
	Raising funds			66,022			66,022
	Charitable activities
	Provision ofcare			824,649			824,649
	Catering services			294,058			294,058
	Household services			290,188			290,188
	Property &equipment Vehicle running costs	maintenance		204,506 28,640			204,506 28,640
	Support costs Other expenditure			292,843 130,526			292,843 130,526
	Total			2,131,432			2,131,432
	Net gains/(losses) on investments			~21,3483			~21,3483
	NET INCOME			63,476			63,476
	RECONCILIATION	OF FUNDS
	Total funds brought	fomvard		15,253,927		24,100	15,278,027
	TOTALTIIND8CARRIRDTORWARD			15317403		24 100	15341 503

TANGIBLE FIXEDASSE	TS
		Improvements
		to
	Freehold	property	Care home	Motor
	property	from 2010	assets	vehicles	Totals
COST
At 1stApril 2020 Additions Disposals	3,217,187	3,647,488 ]22,717	278,574 2,521 ~1150)	53,446	7,196,695 125,238 ~1,150)
At 31st March 2021	3,217,187	3,770,205	279,945	53,446	7,320,783
DEPRECIATION
At 1st April 2020 Charge for year Eliminated on disposal	1,097,011 4,808	716,670 102,667	265,833 11,244 ~380)	30,757 4,536	2,110,271 123,255 ~380)
At 31st March 2021	~II 0I 819	819,337	276,697	~35 293	~2,233 146
NET BOOK VALUE
At 31stMarch 2021	2,115,368	~2,950 868	3,248	18,153	~5087,637
At 31st March 2020	~2, 120 176	2,930,818	12,741	22,689	~5086,424

FIXEDASSET INVESTMENTS
	Listed	Investment
	investments	cash	Totals
MARKET VALUE
At 1stApril 2020 Additions	6,165,914 1,589,014	330,514	6,496,428 1,589,014
Disposals Revaluations Net cash movements	(1,246,773) 1,522, 144	~219230)	(1,246,773) 1,522, 144 ~219230)
At 31stMarch 2021	8,030,299	~III 284	8,141,583
NET BOOK VALUE At 31st March 2021	8,030,299	~III 284	~8,141583
At 31stMarch 2020	~6 165,914	330,514	6 496,428

		Market value	Book cost
Investments	in the UK	4,576,931	4,043,313
Investments	outside the UK	3,453,368	2 115,239
		8.030 299	6 358 552

	Listed	Investment
	investments	cash	Totals
	8	8
Valuation in 0	~8030 299	~111284	8 141,583
INVESTMKNT PROPERTY
FAIR VALUE
At 1stApril 2020 and 31stMarch 2021			~3635,000
NET BOOK VALUE
At 31stMarch 2021			3 635 000
At 31st March 2020			3 635,000

		2021	2020
Trade debtors		65,972	59,226
Other debtors		4,958	3,627
Prepayments and accrued income		~16627	35 202
		87,557	98,055
CREDITORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR	2021	2020
Trade creditors		25,063	25,904
Social security and other taxes Other creditors Accrued expenses		19,476 11,847 ~36 749	5,788 38658
		93,135	70,350

Minimum lease payments under non-cancellable operating	leases fall due as follows:
	2021	2020
Within one year Between one and five years	10,400	24,207 6736
	~10 400	30,943

ANALYSIS OF N	ET ASSETSBETWEFN	FUNDS
				2021	2020
	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	fund	funds	funds
				f,
Fixed assets Investments	5,087,637 11,752,483		24,100	5,087,637 11,776,583	5,086,424 10,131,428
Current assets Cun ent liabilities	283,059 ~93,)35)			283,059 ~93.)35)	194,001 ~70,350)
	17030,044		24,100	17054,144	\5 '.141,503

MOVEMEN	T	IN FUNDS
							Net
							movement	At
						At 1.4.20	in funds	31.3.21
Unrestricted		funds
General I'und						15,305,264	1,712,641	17,017,905
Designated	Fund Southern		Goodwill			12 139		12 139
						15,317,403	1,712,641	17,030,044
Endowment		funds
Endowment	Fund					24,100		24,100
TOTAL FUNDS						15341503	1712641	17054144
Net movement		in funds, included			in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
						f.
Unrestricted		funds
General fund					2,200,953	i2,177,422)	1,689,110	1,712,641
TOTAL FUNDS					~2200 953	~2, 177,422)	I 689,110	1,712 641
Comparatives		for movement		in	funds
							Net
							movement	At
						At 1.4.19	in funds	31.3.20
							f,
Unrestricted		funds
General fund						15,241,788	63,476	15,305,264
Designated	Fund Southern		Goodwill			12 139		12,139
						15,253,927	63,476	15,317,403
Endowment		funds
Endowment	Fund					24,100		24,100
TOTAL FUNDS						15278,027	63 476	15341,503

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
						f.	6
Unrestricted		funds
General	fund			2,216,256	(2, 131,432)	(21,348)	63,476
TOTAL	FUNDS			~22 I6 256	~2131,432)	~21,348)	63 476
A current	year 12 months		and prior year 12months	combined	position is as follows:
						Net
						movement	At
					At 1.4.19	in funds	31.3.21
Unrestricted		funds
General	fund				15,241,788	1,776,117	17,017,905
Designated		Fund Southern	Goodwill		12,139		12 139
					15,253,927	1,776,117	17,030,044
Endowment		funds
Endowment		Fund			24,100		24,100
TOTAL	FUNDS				15275027	1775117	17054144

A current follows:	yea	r 12 months and prior	year 12 months combined ne	t movement in fu	nds, included in	the above are
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in Iitnds
						6
Unrestricted		funds
General	fund		4,417,209	(4,308,854)	1,667,762	1,776, 117
TOTAL	FUNDS		~4417,209	~4,308 854)	~1667762	~1776,117

	for the ear ended 3	1stMarch 2021
		2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Public donations		2,937	3,655
Legacies		500	310
Rail staff & company	donations	15,089	17,442
		18,526	21,407
Other trading activities
Foxes income		27,869	20,018
Iuvestment income
Investment income		136,581	184,922
Income fiom flats &.	other rentals	150,574	207,093
Bank interest receivable		70	401
		287,225	392,416
Charitable activities
Charges to residents Staff accommodation	charges	1,698,519 ~22 207	1,760,626 ~21 789
		1,720,726	1,782,415
Other income
Government grants		125,009
CJRS grants		21 598
		146,607
Total iucoming resources		2,200,953	2,216,256
EXPENDITURE
Other trading activities
Wages Social security		5,751 455	5,502 398
Pensions Property expenses		409 ~15 040	335 14557
		21,655	20,792

		for the ear ended 31stM	arch 2021
			2021	2020
Other trading activities
Investment management		costs
Portfolio management			45,955	45,230
Charitable activities
Wages			1,077,448	952,560
Social security			80,637	66,438
Pensions			51,422	48,722
Rates and water			22,665	22,506
Insurance			13,849	16,529
Light and heat			63,813	70,604
Telephone			7,541	13,495
Printing, post &stationery			6,113	6,291
Advertising			11,808	7,913
Sundries			9,487	12,402
Agency care staff			75,839	142,628
Laundry expenses			19,759	17,495
Household &medical	expenses		64,183	49,961
Catering contract & other		kitchen expenses	298,629	294,058
Motoring expenses			5,315	7,685
Propeity &equipment	maintenance		128,405	152,643
Furniture repairs &renewals			12,144	25,476
Regulatory costs &licences			9,683	8,047
Stafftraining			2,598	6,549
Professional and accountancy			16,599	18,678
Freehold property depreciation			4,802	5,005
Improvements to property			102,670	91,187
Plant and machinery			10,867	14,068
Motor vehicles			4536	5,670
			2,100,812	2,056,610
Support costs
Governance costs
Auditors' remuneration			9,000	8 800
Total resources expended			2,177,422	2,131,432
Net income before gains		and losses	23,531	84,824
Realised recognised	gains and losses
Realised gains/(losses)	on	fixed asset investments	~165708	~654615
Net income			189,239	~739 439