2021-06-30-accounts

				Page
Governors' Report				1-6
Independent Auditor's	Report			7-9
Statement of Financial	Activities (Incorporating	the Income and Expenditure	Account)	10
Balance Sheet
Statement ofCash Flows				12
Notes to the Financial	Statements			13—27

Year Ended 30Jun	Year Ended 30Jun	e 2021	e 2021
Charity registration		number		1146710
Company	registration		number	07890553
Registered	office			Temple House
				Temple Balsall
				Knowle
				Solihull
				B93OAN
Auditor				Dafferns LLP
				Chartered Accountants			and Statutory			Auditor
				One Eastwood
				Harry Weston Road
				Binley Business	Park
				Coventry
				CV3 2UB
Bankers				HSBC Bank pic
				130New Street
				Birmingham
				B24JU
Solicitors				Wright Hassall	LLP
				Olympus Avenue
				Leamington Spa
				Warwickshire
				CV34 6BF
Investment	managers			Sarasin 8 Partners		LLP
				Juxon House
				100St. Paul's Churchyard
				London
				EC4M 8BU
				Property Income Trust for Charities
				Mayfair Capital	Investment			Management			Limited
				55Wells Street
				London
				WIT 3PT
				Charities Property		Fund
				Savills investment		Management
				33Margaret Street
				London
				WIG OJD
				CCLA Investment		Management			Limited
				Senator House
				85Queen Victoria		Street
				London
				EC4V4ET

						Total	Total
			Unrestricted	Restricted	Endowment	funds	funds
			funds	funds	funds	2021	2020
		Note		F	F		F
Income from:
Donations and legacies			20	12,851		12,871	9,601
Charitable activities			1,547,861			1,547,861	1,398,458
Other trading activities			36			36	1,888
Investments			174,596		129,965	304,561	304,356
Other income			110,324			110,324	7,686
Allocated to income	from
unapplied total return			129,965		(129,965)
Total income			1,962,802	12,851		1,975,653	1,721,989
Expenditure on:
Raising funds —property
management		10	(180,195)	(1,800)		(181,995)	(180,496)
Charitable activities		11	(1,385,496)	(3,645)		(1,389,141)	(1,254,193)
Total expenditure			(1,565,691)	(5,445)		(1,571,136)	(1,434,689)
Net Income l(expenditure)			397,111	7,406		404,517	287,300
before investment	gains
and losses
Net gains/(losses) on		19,
investments		20	159,715		3,467,281	3,626,996	112,801
Net income after gains on			556,826	7,406	3,467,281	4,031,513	400,101
investments
Transfers between	funds		2,035	(2,035)
Net movement in funds		25	558,861	5,371	3,467,281	4,031,513	400,101
Reconciliation offunds:
Total funds brought	forward	25	2,768,223	21,150	15,265,677	18,055,050	17,654,949
Total funds carried forward		25	3,327,084	26,521	18,732,958	22,086,563	18,055,050

							2021	2020
						Note
Fixed assets
Tangible assets						18	4,136,991	4,111,577
Investments						19	16,104,543	12,502,733
							20,241,534	16,614,310
Current assets
Investments						20	877,354	652,168
Stocks						21	1,630	2,490
Debtors						22	85,124	77,397
Cash at bank and			in hand				1,345,960	1,126,984
							2,310,068	1,859,039
Creditors:	amounts			falling	due
within one	year					23	(465,039)	(418,299)
Net current assets							1,845,029	1,440,740
Net assets							22,086,563	18,055,050
Charity funds
Permanent	endowment					26	18,732,958	15,265,677
Restricted	funds					25	26,521	21,150
Unrestricted	funds:
-Income	and	expenditure			fund	25	1,919,411	1,423,809
- Designated		funds				25	1,407,673	1,344,414
							3,327,084	2,768,223
							22,086,563	18,055,050

				2021	2020
			Note
Cash flow from operating	activities		27	189,547	110,121
Net cash flow from operating		activities		189,547	110,121
Cash flow from investing	activities
Tangible fixed assets acquired				(75,132)	(27,150)
Investments acquired				(425,306)
Investments sold				225,306
Interest received				199	4,150
Dividends received				167,686	169,566
Rents received from investment		properties		136,676	130,640
Net cash flow from investing		activities		29,429	277,206
Net increase in cash and	cash equivalents			218,976	387,327
Cash and cash equivalents	at	1July 2020		1,126,984	739,657
Cash and cash equivalents	at	30 June 2021		1,345,960	1,126,984
Cash and cash equivalents	consist of."
Cash at bank and in hand				1,345,960	1,126,984
Cash and cash equivalents	at	30June 2021		1,345,960	1,126,984

Income from donations and legacies
	2021	2020
	R
Donations	12,871	9,601
Legacies
	12,871	9,601

		2021	2020
Residential	care	1,400,191	1,159,046
Sheltered	accommodation	80,899	86,392
Respite care		43,648	131,293
Domiciliary	care	20,071	17,411
Other income		3,053	4,317
		1,547,861	1,398,458

		2021	2020
Dividend	and interest income	167,885	173,716
Rental income		136,676	130,640
		304,561	304,356

								Endowment	Unapplied	Permanent
								for	total	endowment
								investment	return	investments
										f
At 1 July 2020								2,221,238	1,702,939	3,924,177
Movements
Investment	income								129,965	129,965
Gains I(losses)									422,281	422,281
									552,246	552,246
Unapplied	total	return allocated		to income					(129,965)	(129,965)
Unapplied	total	return allocated		to investment		to
maintain capital		value						55,224	(55,224)
Net movement		in the reporting		period				55,224	(185,189)	(129,965)
Total value	of permanent		endowment		investments		at
30June 2021								2,276,462	2,069,996	4,346,458

nalysis	ofexpenditure on cha	ritable activities
		Activities
		undertaken	Support	Total	Total
		directly	costs	2021	2020
					f.
Care home
Provision	ofcare services	1,149,122	111,526	1,260,648	1,125,937
Routine maintenance		64,167		64,167	72,890
Major repairs		12,632		12,632	17,662
		1,225,922	111,526	1,337,448	1,216,489
St Mary's	Church 8 Lady
Katherine	Leveson School
support		51,693		51,693	37,704
		1,277,614	111,526	1,389,141	1,254,193

upport cost	s
			2021	2020
Master's salary (part)			13,294	12,813
Management			44,559	36,156
Administration			10,462	10,783
Insurance			20,800	14,797
Governance	(see	note 13)	22,411	18,434
			111,526	92,983
overnance	costs
			2021	2020
Audit and accountancy			14,100	14,260
Property valuation		fees	4,500
Bailiffs salary (part)			3,811	4,174
			22,411	18,434

		Properties		Other
		and	Care home	charitable
		investments	activities	activities	Total
				E
Income:
Donations and legacies		1,800	8,071	3,000	12,871
Rental and other
investment income		304,597			304,597
Charitable activities			1,547,861		1,547,861
Other income		2,284	108,040		110,324
Total income		308,681	1,663,972	3,000	1,975,653
Expenditure:
Raising funds —property
management		(181,995)			(181,995)
Charitable activities
Total expenditure		(181,995)	(1,337,448)	(51,693)	(1,571,136)
Net income		126,686	326,524	(48,693)	404,517
Notional rent payable	by
care home		207,090	(207,090)
Total		333,776	119,434	(48,693)	404,517

The average mo	nthly nu	mber of	employees during the ye	ar was as fo	llows:
					2021		2020
Bailiff, Master and Care		Manager				3	3
Care assistants,	kitchen,	manual	and other administration	staff		45	42
						48	45

Total staff costs and employee benefits were as	follows:
	2021	2020
Wages and salaries	961,196	873,002
Social security costs	48,726	43,334
Pension costs	15,093	13,449
	1,025,015	929,785

			Permanent	Permanent	Unrestricted
			endowment	endowment	fund
			properties	investments	investments	Total
Valuation
At 1 July 2020			7,416,500	3,924,177	1,162,056	12,502,733
Additions
Disposals
Revaluation			3,045,000			3,045,000
Change in	market	value		422,281	134,529	556,810
At 30June	2021		10,461,500	4,346,458	1,296,585	16,104,543
Investments	at fair	value	comprise:
					2021	2020
					E
Investment	properties				10,461,500	7,416,500
Property trusts					371,717	361,453
Income and	growth	funds			5,271,325	4,724,780
					16,104,543	12,502,733

At 1 July	2020	652,168
Additions		425,306
Disposals		(225,306)
Change	in market value	2,048
Profit on	sale of investments	23,138
At 30June 2021		877,354
Cost		776,111

				2021f	2020
Food,	cleaning	and	laundry	1,630	2,490
				1,630	2,490

Debtors
			2021	2020
Residents' contribution		arrears	8,092	10,822
Rent arrears			21,034	25,643
Prepayments Other debtors	and accrued income		35,966 20,032	23,182 17,750
			85,124	77,397

		2021	2020
Trade creditors		70,054	70,917
Other tax and social security		4,916	8,411
Accruals		196,116	160,989
Other creditors		127,215	113,564
Residents' contribution	in advance	63,024	61,040
Related party creditor	(see note 31)	3,714	3,378
		465,039	418,299

Total future minimum lease payments under non-cancellable	operating leases are as follo	ws:
	2021	2020
	f.
Not later than one year	5,660	3,980
Later than one and not later than five years	20,852	2,608
Later than five years	13,860

Restricte	d funds
		Balance
		at 1 July				Gains I	Balance at
		2020	income	Expenditure	Transfers	(losses)	30June 2021
		F	F
Donation	reserve	21,150	12,851	(5,445)	(2,035)		26,521
		21,150	12,851	(5,445)	(2,035)		26,521

Unrestricted	funds
		Balance					Balance at
		at 1July				Gains I	30June
		2020	Income	Expenditure	Transfers	(losses)	2021
		E			F
Income and
expenditure	fund	1,423,809	1,962,802	(1,550,691)	(197,965)	811,456	1,719,411
Designated:
Property
improvements		650,000			200,000		850,000
Lady Cadbury
bequest		301,067				34,818	335,885
Barbara Leonard
bequest		191,179		(15,000)		18,255	194,434
Major repair	reserve	202,168				25,186	227,354
		2,768,223	1,962,802	(1,565,691)	2,035	159,715	3,327,084

Analysis	of net asse	ts between funds
		Permanent	Restricted	Unrestricted
		endowment	funds	funds	Total
					E
Fixed assets		3,925,000		211,991	4,136,991
Investments		14,807,958		1,296,585	16,104,543
Current	assets		26,521	2,283,547	2,310,068
Current	liabilities			(465,039)	(465,039)
Total		18,732,958	26,521	3327 084	22,086,563

Reconciliation of	net incom	e to net ca	sh flow from operatin	g activities
				2021	2020
Net income for year Dividends received				4,031,513 (167,686)	400,101 (169,566)
Interest receivable				(199)	(4,150)
Rental income				(136,676)	(130,640)
Depreciation and impairment oftangible (Gains)/losses on investments			fixed assets	47,158 (581,996)	49,377 (112,801)
Revaluation of investments				(3,045,000)
Loss on disposal of	tangible	fixed assets		2,560	325
(Increase)/decrease (Increase)/decrease	in stock in debtors			860 (7,727)	(260) 15,115
Increase/(decrease)	in creditors			46,740	62,620
Net cash flow from	operating	activities		189,547	110,121