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|||Page|
|---|---|---|
|Legal and Administrative
Information||1-2|
|Trustees'
Report||3-17|
|Independent
Auditor's|Report|18-21|
|Statement
of Financial|Activities|22|
|Balance Sheet||23|
|Statement
of Cash Flows||24|
|Notes to the Financial|Statements|25-44|
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|||||Unrestricted|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds||funds|
|||||2020|2020|2020||2019|
||||Note||2|||2|
|Income from:|||||||||
|Donations
and legacies||||315,711|316,925|632,636||46,591|
|Charitable
activities||||10,907,841||10,907,841|1|1,350,177|
|Other trading
activities -||fundraising||3,578||3,578||3,667|
|Investments||||51,308||51,308||44,161|
|Other income||||25,553||25,553||36,632|
|Total income||||11,303,991|316,925|11,620,916|11,481,228||
|Expenditure
on:|||||||||
|Raising funds;|||||||||
|Investment
manager's||fees||5,448||5,448||5,899|
|Charitable
activities|||6|10,923,624|316,925|11,240,549|11,051,388||
|Total expenditure||||10,929,072|316,925|11,245,997|1|1,057,287|
|Net (losses)/gains|on investments|||(50,109)||(50,109)||52,877|
|Net movement
ln|funds|||324,810||324,810||476,818|
|Reconciliation
of|funds:||||||||
|Total funds
brought|forward|||9,538,695||9,538,695|9,061,877||
|Net movement
in funds||||324,810||324,810||476,818|
|Total funds carried forward||||9,863,505||9,863,505|9,538,695||
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||||Note||2020f||2019f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||11||11,756,163||12204,132|
|Investments|||13||643,376||639,614|
|Investment
property|||12||560,000||426,745|
|Total fixed assets|||||12,959,539||13,270,491|
|Current assets||||||||
|Debtors|||14|722,993||666,254||
|Cash at bank and|in hand|||1,354,594||675,723||
|||||2,077,587||1,341,977||
|Creditors: amounts|falling|due within one||||||
|year|||15|(1,610,803)||(1,356,956)||
|Net current assets I (llabllltes)|||||466,784||(14,979)|
|Total assets less|current|liabilities|||13,426,323||13,255,512|
|Creditors: amounts|falling|due after more||||||
|than one year|||16||(3,562,818)||(3,716,817)|
|Total net assets|||||9,863,505||9,538,695|
|Charity funds||||||||
|Restricted funds|||18|||||
|Unrestricted
funds|||18||9,863,505||9,538,695|
|Total funds|||||9,863,505||9,538,695|
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||||Note|2020f|2019f|
|---|---|---|---|---|---|
|Cash flows from operating
activities||||||
|Net cash provided
by operating
activities|||20|1,171,091|880,072|
|Cash flows from investing
activities||||||
|Dividends,
interests
and rents from investments||||51,308|44,181|
|Proceeds from the sale of tangible fixed|assets||||2,500|
|Purchase
of tangible
fixed assets||||(386,705)|(994,588)|
|Proceeds from sale of investments||||670,453|256,414|
|Purchase
of investments||||(699,052)|(272519)|
|Investment
property
additions||||(16,276)||
|Net cash used In investing
activities||||(380,272)|(964,030)|
|Cash flows from financing
activities||||||
|Repayments
of borrowings||||(133,894)|(209,415)|
|Net cash used
In financing
activities||||(133,894)|(209,415)|
|Change
in cash and cash equivalents|in the year|||656,925|(293,373)|
|Cash and cash equivalents
brought
forward||||707,440|1,000,818|
|Cash and cash equivalents
carried forward|||21|1,364,365|707,440|
|The notes on pages 25 to 44 form part ofthese financial||statements||||
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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2020|2020|2020|20f9|
||||||6|8|6||
|Donations|||||||||
|General
Donations|||||91,368|3,000|94,368|46,591|
|Uplands
Merger|||—fair value of donated trade||||||
|and assets|||||14,698||14,698||
|Government||grants|||209,645|313,925|523,570||
|Total 2020|||||315,711|316,925|632,636|45,591|
|Total 2019|||||46,591||46,591||
|The governmant|||grant|of 2209,645 (2019 — fnif) relates to the||Coronavirus|Job Retention|Scheme. The|
|grant for 6313,925 (2019-Znil) is an Infection|||||Control Grant.||||
|Provision|of|care|||||||
||||||||2020
6|2019f|
|Residents'|fees||||||10,889,728|11,335,853|
|Contributions||to|running|costs|||18,113|14,324|
||||||||10,907,841|11,350,177|
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2020
2|2020
2|2019f|
|Rental income|39,171|39,171|26,712|
|Income from listed investments|8,945|8,945|12,057|
|Interest receivable|3,192|3,192|5,392|
||51,308|51,308|44,161|
|Total 2019|44,161|44,161||
##
||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2020|2020|2020|2019|
||2|2|2||
|Care costs|5,100,871||5100871|5,559,756|
|Welfare|3,191,742||3,191,742|2 754,271|
|Premises|1,871,723||1,871,723|1,705,273|
|Support costs||1,076,213|1,076,213|1,032,088|
|Total 2020|10,164,336|1,076,213|11,240,549|11,051,388|
|Total 2019|10,019,300|1,032,088|11,051,388||
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||||||Total|Total|
|---|---|---|---|---|---|---|
|||Care costs|Welfare|Premises|funds|funds|
|||2020|2020|2020|2020|2019|
|||6|6|6|2||
|Staff costs||4,646,953|2,320,866|130,888|7,098,707|6,823,699|
|Depreciation||||670,477|670,477|585,339|
|Contract catering|||407,753||407,753|434,807|
|Establishment
costs||||477,658|477,658|471,035|
|Repairs and maintenance||||592,700|592,700|579,327|
|Advertising|||46,553||46,553|59,062|
|Office expenses|||84,979||84,979|65,045|
|Subscriptions
and|publications||27,758||27,758|28,805|
|Equipment
hire|||9,806||9,806|7,480|
|Residents
welfare|and activities||39,463||39,463|70,471|
|Cleaning,
medical|costs,||||||
|uniforms|||228,327||228,327|142,508|
|Motor expenses|||26,237||26,237|27,794|
|Other employment|costs|126,586|||126,586|224,684|
|Agency costs||327,332|||327)332|499,244|
|Total 2020||5,100,871|3,191,742|1,871,723|10,164,336|10,019,300|
|Total 2019||5,559,756|2,754,271|1,705,273|10,019,300||
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|||||Total|Total|
|---|---|---|---|---|---|
||||Care costs|funds|funds|
||||2020
2|2020
2|2019f|
|Staff costs|||843,320|843,320|764,181|
|Printing,
postage and stationery|||49,933|49,933|47,249|
|Legal and professional||costs|79,840|79,840|96,435|
|Bank charges|& interest||83,980|83,980|104,531|
|Governance|costs||19,140|19,140|19,692|
|Total 2020|||1,076,213|1,076,213|1,032,088|
|Tora/2019|||1,032,088|1,032,088||
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||||||2020
8|2019f|
|---|---|---|---|---|---|---|
|Fees
annual|payable to the Company's
accounts||auditor|for the audit of the Company's|16,225|15,900|
|Fees|payable|to the Company's|auditor|in respect of:|||
|All non-audit||services not included
above|||266|260|
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2020f|2019f|
|Wages and|salaries|||7,271,516|6,952,701|
|Social security costs||||530,275|509,277|
|Contribution|to defined|contribution|pension schemes|140,235|125,902|
|||||7,942,026|7,587,880|
|||2020|2019|
|---|---|---|---|
|||No.|No.|
|Head|count|434|421|
|2020|2019|
|---|---|
|No.|No.|
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|||Freehold|Leasehold|Motor|Fixtures||
|---|---|---|---|---|---|---|
|||property
6|improvements
2|vehicles
2|and fittings
8|Total
6|
|Cost or valuation|||||||
|At 1 January 2020||11,471,113||175,052|3,919,874|15,566,039|
|Additions||48,659|4,595|11,395|322,056|386,705|
|Disposals|||||(119,881)|(119,881)|
|Transfer
to|investment||||||
|properties||(128,065)|||(53,911)|(181,976)|
|At 31 December 2020||11,391,707|4,595|186,447|4,068,138|15,650,887|
|Depreciation|||||||
|At 1 January 2020||688,120||138,365|2,535,422|3,361,907|
|Charge for the year||174,297|914|14,767|480,499|670,477|
|On disposals|||||(119,881)|(119,881)|
|Transfers
between classes||(3,413)|||(14,366)|(17,779)|
|At 31 December 2020||859,004|914|153,132|2,881,674|3,894,724|
|Net book value|||||||
|At 31 December 2020||10,532,703|3,681|33,315|1,186,464|11,756,163|
|At 31December 2019||10,782993||38,887|1,384,452|12204,132|
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|14.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2020f|2019f|
||Trade debtors||||412,520|543,078|
||Other debtors||||34,459|14,151|
||Prepayments
and accrued income||||276,014|109,025|
||||||722,993|666,254|
|15.|Creditors: Amounts||falling due within|one year|||
||||||2020f|2019|
||Bank loans||||231,448|211,343|
||Trade creditors||||391,861|255,633|
||Other taxation|and social security|||275,063|260,952|
||Other creditors||||633,162|557,647|
||Accruals and deferred||income||79,269|71,381|
||||||1,610,803|1,356,956|
|16.|Creditors: Amounts||falling due after|more than one year|||
||||||2020f|2019|
||Bank loans||||3,562,818|3,716,817|
||Included
within|the above are amounts||falling due as follows:|||
||||||2020|2019f|
||Between one|and two years|||||
||Bank loans||||232,409|212473|
||Between two|and five years|||||
||Bank loans||||703,412|644,514|
||Over five years||||||
||Bank loans||||2,626,997|2,859,830|
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|||||||||||2020
2|2019
f|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|643,276|639,514|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||||31|
||January|||Transfers|Gains/|December|
||2020|Income|Expenditure|In/out|(Losses)|2020|
||2|9|9|2|2|2|
|Designated|||||||
|funds|||||||
|Emergency|||||||
|Maintenance|||||||
|Fund|750,000|||||750,000|
|Assisted Places|||||||
|Fund|500,000|||||500,000|
|Staff Fund||3,345|(3,345)||||
|Residents'
Fund|3,588|5,020||||8,608|
|Total|||||||
|Unrestricted|||||||
|funds|1,253,588|8,365|(3,345)|||1,258,608|
|General funds|||||||
|Free Reserves|(4,345,770)|11,280,928|(10,255,250)|(402,981)|(2,891)|(3,725,964)|
|Tangible
Fixed|||||||
|Assets|12,204,132||(670,477)|222,508||11,756,163|
|Investment|||||||
|Property|426,745|||180,473|(47,218)|560,000|
|Merger reserve||14,698||||14,698|
||8,285,107|11,295,626|(10,925,727)||(50,109)|8,604,897|
|Total|||||||
|Unrestricted|||||||
|funds|9,538,695|11,303,991|(10,929,072)||(50,109)|9,863,505|
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||||||||Balance at|
|---|---|---|---|---|---|---|---|
||Balance at 1||||||31|
||January||||Transfers|Gains/|December|
||2020
2|Income
2|Expenditure|f|In/out
6|(Losses)|2020
2|
|Restricted||||||||
|funds||||||||
|Legacies||3,000|(3,000)|||||
|Infection Control||||||||
|Grant||313,925|(313,925)|||||
|||316,925|(316,925)|||||
|Total offunds|9,538,695|11,620,916|(11,245,991)|||(50,109)|9,863,505|
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|Statemen|t
of fun|ds - prior year|||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
|||Balance at||||||31|
|||1January||||Transfers|Gainer|December|
|||2019|income
f|Expenditure|f|in/cut|(Losses)f|2019f|
|Designated|||||||||
|funds|||||||||
|Edith Bell|Fund|59,645|1,846|(5,814)||(55,677)|||
|Emergency|||||||||
|Maintenance|||||||||
|Fund||750,000||||||750,000|
|Assisted|Places||||||||
|Fund||500,000||||||500,000|
|Staff Fund||14|5,865|(5,865)||(14)|||
|Residents'|Fund|2,844|1,149|||(405)||3,588|
|Total|||||||||
|Unrestricted|||||||||
|Funds||1,312,503|8,860|(11,679)||(56,096)||1,253,588|
|General funds|||||||||
|Free reserves||(4,475,423)|11,472,368|(10,460,269)||(935,323)|52,877|(4,345,770)|
|Tangible|Fixed||||||||
|Assets||12,224,797||(585,339)||564,674||12204,132|
|Investment|||||||||
|property||||||426,745||426,745|
|||7,749,374|11,472,368|(11,045,608)||56,096|52,877|8,285, 107|
|Total|||||||||
|Unrestricted|||||||||
|funds||9,061,877|11,481,228|(11,057,287)|||52,877|9,538,695|
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|Analysis
|of net assets between
funds - current
period|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|Tangible fixed assets||11,756,163|11,756,163|
|Fixed asset investments||643,376|643,376|
|Investment|property|560,000|560,000|
|Current assets||2,077,587|2,077,587|
|Creditors|due within one year|(1,610,803)|(1,610,803)|
|Creditors|due in more than one year|(3,562,818)|(3,562,818)|
|Total||9,863,505|9,863,505|
|AnalysIs|of net assets between funds - prior period|||
|||Unrestricted|Total|
|||funds|funds|
|||2019f|2019|
|Tangible fixed assets||12,204,132|12,204,132|
|Fixed asset investments||639,614|639,614|
|Investment|property|426,745|426,745|
|Current assets||1,341,977|1,341,977|
|Creditors|due within one year|(1,356,956)|(1,356,956)|
|Creditors|due in more than one year|(3,716,817)|(3,716,817)|
|||9,538,695|9,538,695|
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|20.|Reconciliation
of net|movement|in funds|to net cash|flow from|operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||||2020f|2019f|
||Net income for the period (as per Statement|||of Financial|Activities)||324,810|476,818|
||Adjustments
for:||||||||
||Depreciation
charges||||||670,477|585,339|
||Losses/(gains)
on investments||||||50,109|(52,877)|
||Dividends,
interests
and rents from investments||||||(51,308)|(44,161)|
||Loss on the sale of fixed assets|||||||667|
||Increase
in debtors||||||(56,739)|(3,433)|
||Increase/(decrease)
in|creditors|||||233,742|(82,281)|
||Net cash provided
by operating||activities||||1,171,091|880,072|
|21.|Analysts
of cash and|cash equivalents|||||||
||||||||2020|2019f|
||Cash
in hand||||||1,354,594|875,723|
||Cash held for reinvestment||||||9,771|31,717|
||Total cash and cash|equivalents|||||1,364,365|707,440|
|22.|Analysis
ofchanges|in net debt|||||||
|||||||At 1||At 31|
|||||||January||December|
|||||||2020
f|Cash flowsf|2020f|
||Cash at bank and
in hand|||||675,723|678,871|1,354,594|
||Debt due within
1 year|||||(211,343)|(20,105)|(231,448)|
||Debt due after
1 year||||(3,716,817)||153,999|(3,562,818)|
||||||(3,252,437)||812,765|(2,439,672)|
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|non-ca|ncellable
operating
leases as follows:|||
|---|---|---|---|
|||2020f|2019f|
|Land|and buildings|||
|Within|1 year|29,814|29,814|
|Between
1 and 5years||104,349|119,256|
|After|more than 5years||14,907|
|Total||134,163|163,977|
|Plant|and machinery|||
|Within|1 year|116,650|97,672|
|Between
1 and 5years||337,631|279,976|
|After|more than 5years|46,089|24,541|
|||500,370|402,189|
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