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2020-12-31-accounts

Pages
Trustees'
annual
report (incorporating		 the director's report) 1 to 9
Independent
auditor's		 report to the members 10to 13
Statement
offinancial		 activities (including income and
expenditure
account)		 14
Statement
offinancial		 position 15
Statement
ofcash flows		 16
Notes to the financial statements 17to 29

Registered charity name name Pilton House Trust
Charity registration number 1154226
Company registration number 08582100
Principal office and registered Pilton House Residential Care Home
office Pilton House
Pilton Street
Barnsta pie
Devon
EX31 1PQ
The trustees Mrs VA Elkins
Mr M Norris
Ms
I M Hockin
Mis J L Hunt
Mrs J Coates
Auditor Thomas Westcott
Chartered
Accountants		 &Statutory Auditor
47 Boutport Street
Barnsta pie
Devon
EX311SQ

Year ended 31 Dece mber 202 0
2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note f. E F
Income and endowments
Donations
and legacies		 5 28,304 41,549 69,853 5,355
Charitable
activities		 6 1,040,780 1,040,780 1,031,753
Investment
income		 7 4,327 4,327 4,845
Other income 8 839 839 3,563
Total income 1,074,250 41,549 1,115,799 1,045,516
Expenditure
Expenditure
on raising funds:
Costs of raising donations and
legacies 9 18 18 269
Expenditure
on charitable		 activities 10,11 1,050,446 41,549 1,091,995 1,111,027
Total expenditure 1,050,464 41,549 1,092,013 1,111,296
Net gains on investments 13 5,243 5,243 24,215
Net income/(expenditure) and net
movement
in funds		 29,029 29,029 (41,565)
Reconciliation
offunds
Total funds brought forward 1,221,578 1,221,578 1,263,143
Total funds carried forward 1,250,607 1,250,607 1,221,578

31 Decemb er 20 20
2020 2019
Note
Fixed assets
Tangible fixed assets
investments		 17
18		 963,047
192,835		 975,174
187,016
1,155,882 1,162,190
Current assets
Debtors 19 19,215 15,282
Cash at bank and in hand 121,824 82,690
141,039 97,972
Creditors: amounts falling due within one year 20 46,314 38,584
Net current assets 94,725 59,388
Total assets less current liabilities 1,250,607 1,221,578
Net assets 1,250,607 1,221,578
Funds ofthe charity
Unrestricted funds 1,250,607 1,221,578
Total charity funds 23 1,250,607 1,221,578

Year ended 31 Decem ber 2020
2020 2019
Cash flows from operating activities
Net income/(expenditure) 29,029 (41,565)
Adjustments
for:
Depreciation
oftangible
fixed assets		 17,558 21,011
Government
grant income		 (66,678)
Net gains on investments (5,243) (24,215)
Other interest receivable
and similar income		 (4,327) (4,845)
Accrued (income)/expenses (1,766) 1,517
Changes in:
Trade and other debtors (3,187) 33,794
Trade and other creditors 8,750 (4,871)
Cash generated
from operations		 (25,864) (19,174)
Interest received 4,327 4,845
Net cash used
in operating		 activities (21,537) (14,329)
Cash flows from investing activities
Purchase oftangible assets (5,431) (26,951)
Purchases
ofother investments		 (30,156) (18,120)
Proceeds from sale of other investments 29,580 17,084
Net cash used
in investing
activities		 (6,007) (27,987)
Cash flows from financing activities
Government
grant income		 66,678
Net cash from financing
activities		 66,678
Net increase/(decrease)
in cash and cash		 equivalents 39,134 (42,316)
Cash and cash equivalents at beginning ofyear 82,690 125,006
Cash and cash equivalents at end ofyear 121,824 82,690

5. Donations Donations and legacies and legacies
Unrestricted Restricted Total Funds
Funds Funds 2020
F E
Donations
Donations 2,875 300 3,175
Grants
Government grant income 25,429 41,249 66,678
28,304 41,549 69,853
Unrestricted Restricted Total Funds
Funds Funds 2019
E F
Donations
Donations 5,355 5,355
Grants
Government grant income
5355 5,355
6. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F f E
Residents fee income 1,040,780 1,040,780 1,031,753 1,031,753
7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
E F E
Bank interest receivable 10 10 34 34
Investment dividends 4,317 4,317 4,811 4,811
4,327 4,327 4,845 4,845
8. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F E f E
Parking fees 800 800 1,950 1,950
Sundry income 39 39 1,613 1,613
839 839 3,563 3,563

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F F
Fundraising events 18 18 269 269
Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2020
f. E
Direct service provision 1,031,109 41,549 1,072,658
Support costs 19,337 19,337
1,050,446 41,549 1,091,995
Unrestricted Restricted Total Funds
Funds Funds 2019
F
Direct service provision 1,089,851 816 1,090,667
Support costs 20,360 20,360
1,110,211 816 1,111,027

Expen diture on charitable
acti		 vities
by activity typ		 e
Activities
undertaken Total funds Total fund
directly Support costs 2020 2019
F E
Direct service provision 1,072,658 19,337 1,091,995 1,111,027
Analysis of support co sts
Charitable
activities Total 2020 Total 2019
F E
Accountancy 4,495 4,495 6,640
Bookkeeping 13,253 13,253 12,107
investment management fees 1,589 1,589 1,613
19,337 19,337 20,360

13. Net gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F F
Gains/(losses) on listed investments 5,243 5,243 24,215 24,215
14. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2020 2019
F F
Depreciation oftangible fixed assets 17,558 21,011

15. Staff cos ts
The total staff costs and employee benefits for the reporting period are analysed
as follows:
2020 2019
F F
Wages and salaries 753,747 766,155
Social security costs 43,862 43,096
Employer contributions to pension plans 12,237 11,090
809,846 820,341
The average head count of employees during the year was 48 (2019: 53).The average number
of full-time equivalent employees during the year is analysed as follows:
2020 2019
No. No.
Charitable Activities 28 25
No employee received employee benefits of more than F60,000 during the year (2019:Nil).
16. Trustee remuneration and expenses

Tangible fixed assets
Freehold Fixtures and
property fittings Equipment Total
F f. F
Cost
At 1 January 2020 950,000 33,781 35,221 1,019,002
Additions 3,432 1,999 5,431
At 31 December 2020 950,000 37,213 37,220 1,024,433
Depreciation
At 1 January 2020 9,500 18,465 15,863 43,828
Charge for the year 9,405 2,812 5,341 17,558
At 31 December 2020 18,905 21,277 21,204, 61,386
Carrying
amount
At 31 December 2020 931,095 15,936 16,016 963,047
At 31 December 2019 940,500 15,316 19,358 975,174

Investments
Listed
investments
Cost orvaluation
At 1 January 2020 187,016
Additions 30,156
Disposals (29,580)
Fair value movements 5,243
At 31 December 2020 192,835
Impairment
At 1 January
2020 and 31 December 2020
Carrying
amount
At 31 December 2020 192,835
At 31 December 2019 187,016

Debtors
2020 2019
F
Trade debtors 16,279 8,117
Prepayments and accrued income 2,936 7,154
Other debtors 11
19,215 15,282

2020 2019
E
Payments
received on		 account 830 3,920
Trade creditors 22,319 15,359
Accruals and deferred income 7,737 8,757
Social security and other taxes 12,726 8,009
Other creditors 2,702 2,539
46,314 38,584

Yea r ended 31 Decemb 31 Decemb er 202 0
23. Analysis of charitable funds
Unrestricted funds
At Gains and At
1 Jan 2020 Income Expenditure Transfers losses 31 Dec 2020
f. E E E
General funds 1,205,974 1,065,847 (1,042,242) 3,079 5,243 1,237,901
Dementia Care 2,397 2,397
Investment
dividends 9,571 4,028 (4,124) 9,475
Amenities 557 4,375 (4,098) 834
Staff 117 (117)
Green Man Day 2,829 (2,829)
Patient Comfort 133 (133)
1,221,578 1,074,250 (1,050,464) 5,243 1,250,607
At Gains and At
1 Jan 2019 Income Expenditure Transfers losses 31 Dec 2019
F E E E
General funds 1,248,750 1,035,317 (1,102,308) 24,215 1,205,974
Dementia Care 2,397 2,397
Investment
dividends 10,031 4,845 (5,305) 9,571
Amenities 97 3,327 (2,867) 557
Staff 117 117
Green Man Day 802 2,027 2,829
Patient Comfort 133 133
1,262,327 1,045,516 (1,110,480) 24,215 1,221,578

Analysis o
Restricted		 f charitable
funds		 f unds
(conrrnuect)
At
At Gains and 31 December
I January 2020 Income Expenditure losses 2020
F F E
Community Support 200 (200)
End of Life Care 100 (100)
Government Grants 41,249 (41,249)
41,549 (41,549)
At
At Gains and 31 December
1 January 2019 Income Expenditure losses 2019
E E E E
Memory cafe 328 (328)
Boucher Tree & Plaque 80 (80)
IT Suite 408 (408)
Community Support
End of Life Care
Government Grants
816 (816)

24. Analysis of net assets between Analysis of net assets between Analysis of net assets between Analysis of net assets between Analysis of net assets between funds
Unrestricted Total Funds
Funds 2020
E E
Tangible
fixed
Investments		 assets 963,047
192,835		 963,047
192,835
Current assets 141,039 141,039
Creditors less than 1 year (46,314) (46,314)
Net assets 1,250,607 1,250,607
Unrestricted Total Funds
Funds 2019
E
Tangible
fixed		 assets 975,174 975,174
Investments 186,461 186,461
Current assets 95,782 95,782
Creditors less than 1 year (38,584) (38,584)
Net assets 1,218,833 1,218,833
25. Analysis ofchanges in net debt
At
At 1 Jan 2020 Cash flows 31 Dec 2020
E E
Cash at bank and in hand 82,690 39,134 121,824
26. Operating
lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2020 2019
E
Not later than
1 year
Later than
1 year and
Later than 5years		 not later than 5years 22,890
89,539
13,257		 21,931
87,725
32,464
125,686 142,120
27. Related parties
During
the year		 ended 31 December 2020, the charity did not enter into
any		 related
party
transactions
(2019;ENil)