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||||Page|
|---|---|---|---|
|Reference and administrative
information||||
|Report ofthe|Trustees||2-5|
|Report of the|Independent
Auditors||6-7|
|Consolidated|Statement of Financial|Activities||
|Consolidated|income and Expenditure|Account||
|Balance Sheet- Group and Charity|||10|
|Notes to the|Financial Statements||11-17|
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|Trustees
and O|fgcers serving|during
the|period and since the yea|period and since the yea|r end were|
|---|---|---|---|---|---|
||||L. Horwood (Deceased||20/03/20)|
||||P. C. Moakes|||
||||J.F.L. Reeves|||
||||S.J.Brook|||
||||C.C. Mills|||
||||A. D. Sugden|||
||||W.J. Collins|||
||||P. E. O'Hare|||
||||C. Donovan|||
||||D.R.Crome|||
||||B.J.Davenport|||
||||G.P. Isom (Appointed||16/12/20)|
|COMPANY SECRETARY|||A. B.Conyard|||
|REGISTERED|CHARITY NUMBER||1142608|||
|COMPANY REGISTRATION||NUMBER|07109869|||
|REGISTERED|OFFICE||Bridge House|||
||||2 Church Street|||
||||Dawlish|||
||||Devon|||
||||EX7 9ALI|||
|INDEPENDENT|AUDITORS||Casson Beckman|||
||||Murrills
House|||
||||48 East Street|||
||||Portchester|||
||||PO16 9XS|||
|LEGAL ADVISORS|||Hunters|||
||||9 Naw Square|||
||||Lincoln's
Inn|||
||||London|||
||||WC2A 3QN|||
|BANKERS|||Lloyds TSB|||
||||PO Box1000|||
||||Andover|||
||||Bxi 1LT|||
|INVESTMENT MANAGERS|||Sarasln
&Partners|LLP||
||||Juxon House|||
||||100St Paula Churchyard|||
||||London|||
||||EC4M 8BU|||
||||M&G
Investments|||
||||PO Box9039|||
||||Chelmsford|||
||||CM99 2XF|||
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|CONSOUDATED
STATEMENT OF FINANCIAL|CONSOUDATED
STATEMENT OF FINANCIAL|CONSOUDATED
STATEMENT OF FINANCIAL|CONSOUDATED
STATEMENT OF FINANCIAL|CONSOUDATED
STATEMENT OF FINANCIAL|ACTIVITIES FOR|ACTIVITIES FOR|ACTIVITIES FOR|THE|YEAR ENDED|31|DECEMBER 2020|DECEMBER 2020|DECEMBER 2020|DECEMBER 2020|DECEMBER 2020|DECEMBER 2020||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||C|u|I p|||||||||||||||||||
||||||||||||0|p|||o|p||0|p||Ch|dty||Ch|ity|
||||||U ~u||dl &|u|Id I&f
d|R*hkudi|||d|R «d||Iudf|od|Tour
d||T I If nd|roof
d||rmdi
d|||
||||||31|D|d d|y
Od
31D~||y
31D||dd
3||7
31|D|md
ne||7
31D|dd
h|31D~|y
Od
31D~||y
3I|D|md|
|||||Note||2020
f|||2020
6||2020
6||||2020
6|||2020
6||2019
f|2020f|||2019
6||
|INCOME||||||||||||||||||||||||||
|Donations
and legacies|||||||||2,400||||||||||2,400|30,011||2,400|||30,011|
|Income from charitable|acgvltles|||||||||||||||||||||||||
|Contrlbu5ons|||||||||0,637||||||||||0,537|15,M7||8,537|||16,607|
|Operating
lnccme||||5|||||22,702||||||||||22,782|420,125||22,782||420,125||
|Other income||||6|||||2,000||||||||||2,660|13,244||2,000|||13,244|
|Income from other trading|||activities|||||||||||||||||||||||
|Trading
income||||7|||||50,360||||||||||50,369|94,095||60,309|||94,095|
|Investment
Income|||||||393,221|||||||||||303,221||301,758|393,221|||301,750||
|Total Incoming resources|||||||393,221||06,036|||||||||480,057||980,040|480,057|||960,040||
|EXPENDITURE||||||||||||||||||||||||||
|Cost ofraising funds||||||||||||||||||||||||||
|Trading
expenses|||||||||3,160||||||||||3,150|7,220||3,150|||7,220|
|Publfdty|||||||||1,961||||||||||1,951|13,791||1,951|||13,791|
||||||||||5,107||||||||||5,107|21,019||5,107|||21,019|
|Net incoming
resources|available for|||||||||||||||||||||||||
|charitable
appgcatlon|||||||393,221||01,729|||||||||474,950||947,021|474,950|||047,821||
|Expenditure
on charitable||activities||||||||||||||||||||||||
|Support costs||||9|||200,414||459,500|||17,050||||||743,962||970,080|743,962||||070,006|
|Net Incomlngi(outgoing)||resources||for the||||||||||||||||||||||
|year before recognised|gains and losses||||||120,807||(377,801)|||(17,950)||||||(209,012)||(31,065)|(289,012)|||(31,065)||
|Other recognised
gains|and||losses|||||||||||||||||||||||
|Unrealhed
Investment
gains||||12|||84,806||||||||||||04,0D6|067,042||04,00S||067,842||
|Unreassed
cash gains|||||||60,D61||||||||||||68,051|59,652||58,051|||59,652|
|Unreassed
revaluation
losses||||12||||||||||||||||||||||
|Reagsad Investment
gains|||||||67,552||||||||||||67,552|43,559||67,552|||43,559|
|Net movemenl
ln funds|||||||337,215||(377,001)|||(17,958)||||||(50,804)||039,088|(50,004)|||030,908||
|Reconcglagon
offunds||||||||||||||||||||||||||
|Total funds
brought
forward||||16||7,558,052|||||1,005,00S|||||||9,544,747||0,004,759|9,544,382|||8,004,374||
|Transfer between
funds||||10|||(17,050)||(17,050)|||17,950||||17,950||||||||||
|Fund balances
carried||||||||||||||||||||||||||
|forward at 31 December|2020|||10||7,870,100|||(395,019)||1,005,095|||||17,950||0,400,143||9,644,747|9,405,768|||9,544,382||
##
||||||||||Year Ended|Year Ended|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31 December|31 December|
||||||||||2020|2019|
||||||||||6|f|
|Income|||||||||||
|Contributions|||||||||8,537|15,607|
|Operating
income|||||||||22,782|426,125|
|Trading
Income|||||||||50,369|94,095|
|Other Income|||||||||2,660|13,244|
|Investment
Income|||||||||393,221|3tl1,758|
|Voluntary
Income|||||||||2,488|38,011|
|Total Income|||||||||480,057|968,840|
|Expenditure|||||||||||
|Trading expenses|||||||||3,156|7,228|
|Publicity|||||||||1,951|13,791|
|Expenditure
on|charitable|||activities|||||743,962|976,886|
|Total Expenditure|||||||||749,069|999,905|
|Deficit for the|year||before||Other|recognised|gains|and|(269,012)|(31,065)|
|losses|||||||||||
|Other Recognised||gains and|||losses:||||||
|Realised gains on|disposal|||of|Investments||||59,231|43,559|
|Deficit/Surplus
before|||and|after tax|||||(209,781)|12,494|
##
|CONSOLIDATED
AND CHARITY B|ALANCE 8HEETS AT|31 DECEMBER 2020||||
|---|---|---|---|---|---|
|||«Grou|~Charit|«Grou|~Charlt|
|||2020|2020|2019|2019|
||N&sts|8|5|6|8|
|FIXEDASBETB||||||
|Tangible assets|11|747,603|747,603|896,194|895,194|
|Investmen(s|12|8,342,028|8,342,028|8,322,120|8,322,120|
|TOTAL RXEDASSETS||9,089,631|9,089,631|9,21'/, 314|9,217,314|
|CURRENT AS6ETS||||||
|Debtors|13|21,958|25,130|31,801|31,801|
|Cash at bank end In hand|14|396,873|393,088|381,469|379,223|
|TOTAL CURRENT ABSETS||418,631|418,218|413,070|410,824|
|LIABILITIES||||||
|Creditors
feglng dus within one year|15|(21,734)|(22,091)|(86,252)|(83,778)|
|NET CURRENT ASSETS||396,897|396,127|327,818|327,048|
|TOTAL ASSETSLESSCURRENT|LIABILITIEtS|9,486,628|9,48S,758|9,545,132|B,S44,362|
|THE FUND6 OFTHE CHARITY:||||||
|Unrestrlded
Income funds|18|7,500,248|7,499,863|7,668,852|7,568,407|
|Non-charitable
trading funds|16|385||385||
|Permanent
endowmsntfunds|16|1,986,896|1,986,895|1,985,895|1,988,896|
|TOTAL CHARITY FUNDS||9,488,528|9,486,768|9,646,132|9,544,382|
##
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|Summary
Profit and Loss Account||||2020f|2019
f|
|---|---|---|---|---|---|
|Turnover||||50,369|94,095|
|Less:||||||
|Administrative
expenses||||(3,156)|(7,228)|
|Net profit||||47,213|86,867|
|Amount
gifted to The Ra8way Convalescent||Homes||(16,783)|(31,067)|
|Inter.group trading:||||||
|Fadgties purchased
from The Ragway Convalescent|||Homes|(30,450)|(55,800)|
|Retained
in subsidiary||||||
|The assets and liab5ltles ofths subsidiary|were.|||||
|Current assets||||38,222|38,222|
|Creditors: Amounts
falling due within one|year|||(37,837)|(37,837)|
|Aggregate
share capital and reserves||||385|385|
||Please refer to the Trustees Report and Notes
1 and 23, the closu
trading company has ceased trading
for the foreseeable
future.|Please refer to the Trustees Report and Notes
1 and 23, the closu
trading company has ceased trading
for the foreseeable
future.|re ofthe Convalescent
Home hss also mea|nt that the|
|---|---|---|---|---|
|8|INVESTMENT INCOME||2020f|2019
F.|
||Income from managed
Rents from investment|investments
properties|314,574
78,619|304,873
76,875|
||Bank deposit Interest||28|10|
||||393,221|381,758|
|9|SUPPORT COSTS|Continuing|Dtscontlnued|Continuing|Discontinued|||
|---|---|---|---|---|---|---|---|
|||Restricted|Restricted|Charitable|Charitable|2020|2019|
|||Funds|Funds|Expenditure|Expenditure|6|F.|
||Wages
Pension
contributions|||121,596
5,245|307,073
8,701|428,668
13,946|549,180
20,164|
||Food and Bar||||17,476|17,476|89,874|
||Laundry
and cleaning
Rates|||8,814|703|703
8,814|3,441
25,134|
||Insurance|||27,815||27,815|22,905|
||Light and heat
Entertainment
for guests
Property maintenance
Telephone
Computer
expanses
Printing,
stationery
and postage
Travsging
and accommodation
Staff uniforms|||17,439
66,938
2,740
7,210
1,683|1,480
8,229
392|17,439
1,480
56,938
2,740
8,229
7,210
1,683
392|29,669
8,885
101,624
2,942
9,645
8,343
4,553
1,208|
||Training
Audit and accountancy
Professional
fees|||8,138
7,624||8,138
7,824|4,743
6,583
3,350|
||Bank charges
Irrecoverable
VAT|||1,173|9,734|1,173
9,734|3,630
30,279|
||Depreclagon
Loss on disposal ofassets||17,958||818
104,984|18,776
104,984|34,668
18,036|
||||17,958|268,414|459,590|743,962|978,856|
##
|ANALYSIS OF STAFF COSTS AND NUMBERS|||
|---|---|---|
||2020|2019|
||f|f|
|Wages
Social security costs
Pension costs|96,791
24,804
5,245|523,961
25,219
20,164|
||126,840|5tl9,344|
##
||||Freehold|Furniture,|||||
|---|---|---|---|---|---|---|---|---|
||||land and|fixtures|Computer|Motor|2020|2019|
||||bugdlngs
6|and fittings|equlpmerlt
6|vehicles|Total
6|Total
6|
|Coat|||||||||
|At 1 January 2020|||897,888|196,636|8,325|30,710|1,133,559|1,105,517|
|Additions||||||||68,377|
|Disposals||||(196,636)|(1,870)|(30,710)|(229,216)|(40,335)|
|At31 December2020|||897,888||6,455||904,343|1,133,559|
|At 1 January2020|||133,525|74,141|6,309|24,390|238,365|225,996|
|Charge for year|||17,958||818||18,776|34,668|
|Dlsposals||||(74,141)|(1,870)|(24,390)|(100,401)|(22,299)|
|At31 December2020|||151,483||5,257||156,740|238,365|
|Net book value|||||||||
|At 31 December 2020|||746,405||1,198||747,603|895,194|
|FIXEDASSET INVESTMENTS FOR CHARITY||||AND GROUP|||||
||||||Listed|Investment|2020|2019|
||||||Investments
6|property|Total
f|Total
6|
|Market value at 1 January 2020
Disposals
Netlnvestment
gains
-Reagssd
Net investment
gains/(losses)
- Unrealised|||||7,152,938
(132,449)
67,552
84,805|1,169,182|8,322,120
(132,449)
67,552
84,805|7,494,745
(84,026)
43,559
867,842|
|Market value at 31 December||2020|||7,172,846|1,169,182|8,342,028|8,322,120|
|Historical cost at 31 December|||2020||4,750,862|1,169,182|5,920,044|6,128,234|
|Listed investments
at|market|value comprised:|||||||
|UK lixed Interest securities
Overseas
Axed Interest securities
UK equity shares
Overseas
equity shares
UK property Investments
Other Investments|||||||1,163,938
62,748
1,511,046
3,658,703
176,583
599,828|1,137,964
75,919
1,646,392
3,364,239
580,599
347,915|
|investments
listed on a recognised stock exchange
Investment
managers'
capital account|||||||7,172,846
337,138|7,153,028
270,766|
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