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|Trustees||Dr M Mead|||
|---|---|---|---|---|
|||Mr 8 Bennett|||
|||MrAlastair Liddiard||(Appointed 2 September 2020)|
|Charity number||1152655|||
|Company|number|08565062|||
|Registered|oNce|Libury<br>Hall|||
|||Great Munden|||
|||Near Ware|||
|||Hertfordshlrs|||
|||SG11 1JD|||
|Auditor||Moore Northern|Home Counties|Limited|
|||First Floor|||
|||73-75 High Street|||
|||Stevenage|||
|||Hertfordshlrs|||
|||SG1 3HR|||
|Bankers||NatWest Bank pic|||
|||104Fore Street|||
|||Hertford|||
|||Hertfordshire|||
|||SG14 1HF|||
|||Cazsnove|||
|||12Moorgate|||
|||London|||
|||EC2R 6DA|||
|Solicitors||Withers LLP|||
|||Third Floor|||
|||20 Old Bailey|||
|||London|||
|||EC4M 7AN|||
|Investment|advisors|Schroder &Co.|Limited||
|||12Moorgate|||
|||London|||
|||EC2R 6DA|||





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|||Page|
|---|---|---|
|Trustees'<br>report||1-5|
|Independent<br>auditor's|report|6-8|
|Statement offinancial|activities||
|Balance sheet|||
|Statement ofcash flows|||
|Notes to the flnanclal|statements|12-21|





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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2021<br>f|2021<br>6|2021<br>6|2020<br>6|2020<br>6|2020f|
|o<br>e<br>ndend||||||||||
|Donations<br>and legacies|||||2,459|2,459||2,103|2,103|
|~C(able ~ac v|IIILs|||||||||
|Residential<br>care home|||3|1,606,744||1,606,744|1,575,643||1,575,643|
|Other trading<br>activities|||4|802||802||||
|Investments|||5|65||65|1,729||1,729|
|Other Income|||6|72,306||72,306||||
|Total income||||1,679,917|2,459|1,682,378|1,577,372|2,103|1,579,475|
|g596ttglhKRLoo'||||||||||
|cllltttbLeectivVB||||||||||
|Residential<br>care|home||7|1,606,162||1,606,162|1,587,207||1,567,207|
|Total charitable|expenditure|||1,608,162||1,608,162|1,567,207||1,567,207|
|Net gafns/(losses)||on||||||||
|investments|||11|13,659||13,659|(6,371)||(6,371)|
|Net movement|In|funds||87,414|2,459|89,873|3,794|2,103|5,897|
|Fund balances at 1||||||||||
|April 2020||||3,265,745|4,565|3,270,310|3,261,952|2,462|3,264,414|
|Fund balances|at|31||||||||
|March 2021||||3,353,159|7,024|3,360,183|3,265,746|4,565|3,270,311|





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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f|6|6||
|Fixed assets|||||||||
|Tangible assets<br>Investments||||12<br>13||3,042,033<br>68,762||3,081,449<br>55,102|
|||||||3,110,795||3,136,651|
|Current assets|||||||||
|Debtors||||14|15,504||13,896||
|Cash at bank and||In|hand||319,366||191,250||
||||||334,870||205,146||
|Creditors: amounts<br>one year|||falling due within|15|(85,482)||(71,386)||
|Net current assets||||||249,388||133,760|
|Total assets less||current liabilities||||3,360,183||3,270,311|
|Income funds|||||||||
|Restricted funds||||17||7,024||4,665|
|~Ups gt~du<br>ff5<br>Designated<br>funds<br>General unrestricted|||funds|18|3,042,033<br>311,126||3,081,449<br>184,297||
|||||||3,353,159||3,265,746|
|||||||3,360,183||3,270,311|






## 

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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|E||E||
|Cash flows from operating||activities||||||
|Cash generated<br>from operations|||22||153,972||66,907|
|Investing|activities|||||||
|Purchase|oftangible<br>flxed assets|||(25,922)||||
|Purchase|of investments|||||(9,514)||
|Proceeds|on disposal of investments|||1||7,980||
|Investment|income received|||65||1,729||
|Net cash|(used in)/generated<br>from|||||||
|investing|activities||||(25,856)||195|
|Net cash|used in flnanclng|activities||||||
|Net Increase in cash and cash equivalents|||||128,116||67,102|
|Cash and|cash equivalents|at beginning|ofyear||191,250||124,148|
|Cash and|cash equivalents|at end of|year||319,366||191,250|





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|6|Investments||||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2021|2020|
||||E|E|
||Investment|income|1|1,534|
||Interest receivable||64|106|
||||65|1,729|
|6|Other Income||||
||||Unrestricted|Total|
||||funds||
||||2021|2020|
||||E||
||Government|grants|72,306||





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||Charitable<br>activities|||||||
|---|---|---|---|---|---|---|---|
|||||||Residential|Residential|
|||||||care home|care home|
|||||||2021|2020|
|||||||E|E|
||Staff costs<br>Depreciation<br>and impairment<br>Repairs and decorations<br>Food and beverages<br>Household<br>and laundry<br>Travel expenses<br>Light and heating<br>Telephone<br>Water<br>Insurance<br>Garden<br>Staff recruitment<br>and training<br>Offic expenses<br>Other expenses<br>Bad debt expense|||||1,135,908<br>65,337<br>103,110<br>83,123<br>34,709<br>26,874<br>44,848<br>16,507<br>8,249<br>34,255<br>13,203<br>1,715<br>14,647<br>8,673<br>576|1,123,671<br>65,036<br>84,527<br>81,421<br>27,206<br>33,213<br>43,043<br>9,651<br>7,114<br>39,838<br>9,284<br>3,680<br>11,404<br>12,163|
|||||||1,590,734|1,651,151|
||Share ofgovernance|costs (see note 8)||||16,428|16,066|
|||||||1,606,162|1,667,207|
|8|Supportcosts|Support Governance<br>costs<br>costs||2021|Support<br>costs|Governance<br>costs|2020|
|||E|E|E|E|||
||Audit fees<br>Legal and professional||8,440<br>6,988|8,440<br>6,988||8,948<br>7,108|8,948<br>7,108|
||||15,428|15,428||16,056|16,056|
||Analysed<br>between<br>Charitable<br>activities||15,428|15,428||16,056|16,056|





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|The average monthly<br>number<br>ofemployees<br>during|the year was:||
|---|---|---|
||2021|2020|
||Number|Number|
||44|46|
|Employment<br>costs|2021<br>8|2020f|
|Wages and salaries|1,035,803|1,032,679|
|Social security costs|80,391|74,108|
|Other pension costs|19,714|16,884|
||1,135,908|1,123,671|



||The number|of employees|of employees|whose|annual|remuneration|was 660,000 or|||
|---|---|---|---|---|---|---|---|---|---|
||more were:|||||||||
|||||||||2021|2020|
|||||||||Number|Number|
||570,000 - 880,000|||||||1|1|
|11|Net gains/(losses)||on Investments|||||||



|Net gains/(l|osses)<br>on Investments|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2021|2020|
|||6||
|Revaluation|ofInvestmsnts|13,659|(6,371)|





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|12|Tangible fixed assets||Freehold|Plant and|Total|
|---|---|---|---|---|---|
||||property|equipment||
||||E|E||
||Cost<br>At 1 April 2020<br>Additions||3,249,162<br>25,922|53,270|3,302,432<br>25,922|
||At 31 March 2021||3,275,084|63,270|3,328,354|
||Depreciation<br>and Impairment<br>At 1 April 2020<br>Depreciation<br>charged<br>in the year||201,986<br>62,185|18,999<br>3,162|220,984<br>65,337|
||At 31 March 2021||264,170|22,151|286,321|
||Carrying<br>amount<br>At 31 March 2021||3,010,914|31,119|3,042,033|
||At 31 March 2020||3,047,178|34,271|3,081,449|
|13|Fixed asset investments||Listed|Cash In|Total|
||||investments|portfolio||
||Cost or valuation<br>At 1 April 2020<br>Valuation changes||65,101<br>13,661||55,102<br>13,661|
||At 31 March 2021||68,762||68,763|
||Carrying<br>amount<br>At 31 March 2021||68,762||68,763|
||At 31 March 2020||55,101||65,102|
|14|Debtors|||2021|2020|
||Amounts<br>falling due|vytthin one year:||E|E|
||Trade debtors<br>Prepayments<br>and accrued income|||4,677<br>10,827|4,142<br>9,754|
|||||15,504|13,896|





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|||2021|2020|
|---|---|---|---|
|||E|E|
|Other taxation and social security||22, 111|20,187|
|Trade creditors||24,873|25,356|
|Accruals and deferred|income|38,498|26,843|
|||85,482|71,386|



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|||||Movement||Movement||
|---|---|---|---|---|---|---|---|
|||||in funds||In funds||
||||Balance at|Income|Balance at|Income|Balance at|
|||1|April 2013<br>E|E|1Apra 2020<br>E|E|31 March 2021<br>f|
|Amenity|fund||2,462|2,103|4,565|2,459|7,024|



## 

||||||Movement||
|---|---|---|---|---|---|---|
||||||In funds||
|||Balance at|Expenditure|Balance at|Expenditure|Balance at|
|||1April 2010<br>f|E|1April 2020<br>E|31 <br>E|March 2021<br>E|
|Designated|fund|3,146,483|(66,034)|3,081,449|(39,416)|3,042,033|
|||3,146,483|(66,034)|3,081,449|(39,416)|3,042,033|





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|19|Analysis of|net assets|between funds<br>Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021|2021|2020|2020|2020|
||||E|E||E|E||
||Fund balances at 31||||||||
||March 2021|are|||||||
||represented<br>by:<br>Tangible assets<br>Investments||3,042,033<br>68,762||3,042,033<br>68,762|3,081,449<br>55,102||3,081,449<br>55,102|
||Current assetsl<br>(liabilities)||249,388||249,388|129,195|4,665|133,760|
||||3,360,183||3,360,183|3,265,746|4,565|3,270,311|



## 

|pg<br>   <br><br>under non-cancellable<br>operating<br>leases, which fall due a|s follows:||
|---|---|---|
||2021|2020|
||E|E|
|Within one year<br>Between two and five years|15,203<br>19,584|20,371<br>34,787|
||34,787|55,158|



## 

|2021|2020|
|---|---|
|E|E|
|177,026|144,325|





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|22|Cash generated<br>from|operations|operations||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|E|
||Surplus for the year||||||89,871|5,896|
||Adjustments<br>for:||||||||
||Investment<br>income recognised||In statement||offinancial|activities|(65)|(1,729)|
||Fair value gains and losses on||investments||||(13,659)|6,371|
||Depreciation<br>and impairment<br>oftangible|||fixed assets|||65,337|65,036|
||Movements<br>in working|capital:|||||||
||(Increase)<br>in debtors||||||(1,608)|(4,841)|
||Increase/(decrease)<br>in|creditors|||||14,096|(3,826)|
||Cash generated<br>from|operations|||||153,972|66,907|
|23|Analysis ofchanges|in net funds|||||||
||The Charity had no debt during||the year.||||||