##
##
##
##
|||||||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)|||||||||||||
##