2020-12-31-accounts

Charity registration	number.	1155324
Address:		Weitutgborough	Road
		Kvestou Favell
		NORTI IAttIPTOih
		NFI3 3JF
Trustees:		Mr RPestell (Chairman)
		Dr A Sutton (Vice-chairman)
		Mr BChapman
		MrJC Fazackerley
		ivlrs A Goodman	MBE (deceased	15February 2021)
		Mr D Harding
		Mrs MJ I-lufyadiue-Smith
		The Reverend D	G Kirby (resigned 9January 2020)
		Mr P I-I i%lair
		The Reverend hl	Smith
Senior Management	Team:	Matron.		Mrs J Elliott
		Operations Manager:		lvlrs TStaccy
		Deputy isriatrou:		Mrs S Brown
Bankers:		Lloyds Bank pic
		George Row
		iXORTFIASIPTQtht
		ihibll 1DJ
Solicitors:		Besvitsons LLP
		Elgin House
		Billing Road
		CORTI-IAivlPTOih
		yttb1 5AU

		Page
Report ofthe Trustees		4-7
Independent auditor's	report	S-11
Principal accounting	policies	12-14
Statement offinancial	activities	15-16
Balance sheet		17
Cash flow statement
Notes to the financial	statements	19-27

							2019
					2020		(as restated)
			Note
Fixed assets
Property, plant and equipment					1,772,996		1,843,078
Investments					641,820		595,398
					2,414,816		2,438,476
Current assets
Investments			6	342)032		330,939
Debtors			7	15,6G8		20,202
Cash at bank and in hand				732;l46		650,903
				1,089,846		1,002,044
Creditors) amounts		falling due
rvithin one	year			141,948		114,800
Net current	assets				947,898		887,244
Total net assets					3/62,714		3,325,720
Funds
Endowment	fund		9		1)001,947		958,361
Restricted	funds		10		4,451		5,119
Unrestricted	income fund				2)35GP16		2,362,240
					3,362,714		3,325,720

			Note	2020	2019
Cash flows ftom operating	activities:
Net cash generated From operating activities				93,978	20,740
Cash flow from investing	activities:
Dividends, mterest snd rent	from investments			12,643	17,553
1urchasc ofproperty, plan(	and equipment			(215873)	(40,691)
Proceeds from sale ofinvestments				1035522	290,421
Purchase oFinvestments				(107,027)	(303,212)
Net cash utilised by investing activities				(12,735)	(35,929)
Change in cash and cash	equivalents in	period		81,243	(15,189)
Cash and cash equivalents	at beginning	ofperiod		650,903	6GG,092
Cash and cash equivalents	and end ofperiod		12	732,146	650,903

Investment	income	compnses income	compnses income	from.				2020	2019
I isted invcstmcnts							20&497		24,829
Bank and other deposits								830	1,360
								21,327	2G,189
. Analysis of		total	expenditure
		Investment		Residential	Suppon	Gover-	Total		Total
			income	care	costs	nance	2020		2019
								(as	restated)
Salaries				1,257,577	15,987	7,994	1,281,558	1,227,287
Depreoation	less
surplus on disposal				91,955			91,955		102,375
Maintenance	and
repaus				54,500			54,500		67,593
Food				80,765			80&765		83,273
Heat and light				53,113			53&113		53,663
Professional	fees		8,684	21,517		8,760	38,961		38,321
Cleaning materia! s				24,156			24,15G		22,096
Rates and water				25&269			25,269		22,008
Insurance				13&957		1,551	15,508		12,250
Other				77&127	'1,965	982	80,074		57,283
Total			8,684	1,699,936	17,952	'19,287	1,745,859	1,686,149
2019			8,636	1,642,291	17,74-'I	17,478	1,686,149

	202D	2019
Capital to be replaced at 1January 2020	548,017	559,201
Less: Repayment during the year	(11,184)	(11,184)
Balance to be replaced at 31December 2020	536,883	548,017

	2020	2019
KVagcs, salaries and medical insurance	1&163&849	1,118,264
Social security costs	75&179	7D,587
Pension scheme	42&53D	38,436
	1,281,558	1,227,287

		Freehold	Freehold	Fixtures
		land and	property	and	Computer
	Total	buildings	improvements	fittings	equipment
Cost
At 1January 2020	3,330,999	1,551,943	1,240,313	524,898	13,845
Additions	21,873		6,172	14,974	727
Disposals	(3,397)			(2,404)	(993)
At 31December 2020	3,349,475	1,551,943	1,246,485	537,468	13579
Depreciation
At 1January 2020*	1,487,921	100,000	942,126	434,696	11,099
Disposals	(3,397)			(2,404)	(993)
Provided in the year	91,955	25,000	35,928	29,912	1,115
At 31 December 2020	1,576,479	125,000	978,054	462,204	11,221
Cost
At 1January 2019	3,290,920	1,551,943	1,224,464	500,668	13,845
Addi tion s	40,691		15,849	24,842
Disposals	(612)			(612)
At 31December 2019	3,330,999	1,551,943	1,240,313	524,898	13,845
Dcprcciauon
At 1January 20'19s	1,386,158	75,000	897,024	404,327	9,807
Disposals	(612)			(612)
Pmvided m the year	102375	25,000	45,102	30,981	1,292
At 31December 2019	1,487,921	100,000	942,126	434,696	11,099
i%etbook amount at:
31December 2020	1,772,996	1,426,943	268,431	75,264	2,358
31 December 2019s	1,843,078	1,451,943	298,187	90,202	2,746
31December 2018*	1,904,762	1,476,943	327,440	96,341	4,038

			Listed	investments
			2020	2019
			Total	Total
Cost or valuation
At IJanuaty	2020		595,398	503,284
Additions at	cost		85,912	193,439
Surplus/(deficit)		on revaluation	56,369	64,944
Disposals			(95,859)	(166,269)
At 31December		2020	G41,820	595,398

At	31	December	2020	496,97G
At	31	Dcccmber	2019	492,002
At	31	December	2018	456,571

	2020	2019
UK	219,036	323,308
Non-UK	422&784	272,090
	641&820	595,398

Current asset	investments
		2020	2019
Cost orvaluation
At IJanuary 2020		330,939	297,348
Additions		21,116	109,773
Surplus/(dcftcit)	on revaluation	18,982	35,028
Dtsposals		(29,005)	(111,210)
At 31 December	2020	342,032	330,939

IIistorical cost values
At 31December 2020		290,094
At 31December 2019		292,710
At 31December 2018		293,940
An analysis ofthe location ofinvestments	is as follows'.
		2020	2019
UK		133,010	205,692
Itf'on-UK		209,022	125,247
		342,032	330,939
Debtors
		2020	2019
I'ees outstanding		187	3,957
Other debtors and accrued income		7s836	6,167
Prepaymcnts		7,645	10,0(8
		15,668	20,202

Creditors: am	ounts falling due within one yea	r
		2020	2019
Trade creditors	and accrusls	121,119	97,059
Taxation and social security		20,829	17,741
		141)948	114,800

		Balance at				Balance at
		1January				31December
		2020	Income	Expenditure	Transfers	2D20
Gardening	Club	446				446
Table Linen		2s				25
StaFFBenefit		4, '152	80	(1,199)		3,033
Residents'	Benefn	496	1,051	(286)	(364)	897
Garden Furniture			364		(364)
Other			50			50
		5,119	1,545	(],485)	(728)	4,451
		Balance at				Balance at
		1January				31December
		2019	Income	Expenditure	'Transfers	2D19
Gardening	Club	646		(200)		446
Table Linen		25				25
I'riends		1,750		(70)	(1,680)
Hoist		66			(66)
StaffBenefit		4,067	85			4,152
Residents	Beneht	286	298	(88)		496
		6,840	383	(338)	(1,746)	5,119

			2020	2019
				(as restated)
iXet movement in funds			36,994	4G,310
Depreciation			91,955	102,375
Gains on investinents			(54,009)	(112,914)
Dividends, interest and rent From investments			(12,643)	(I7,553)
Dccrcase (increase) in debtors			4,534	(85)
Increase (decrease) in creditors			27,147	2,607
lvlet cash provided	from operating	activities	93,978	20,740
Analysis of cash	and cash equivalents
			2020	2019
Cash in hand			555,268	474,255
Notice deposits			176,878	176.648
Total cash and cash equivalents			732,146	650,903

	2020	2019
	Other	Other
Within one year	18,479	20,597
One to five years	37313	41,340
Later than five years	18,G49	4,434
	74,441	66,371

	IInrestricted	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds
2020
Property, plant and cquipmcnt	1,430,914		342,082	1,772,996
Investments			641,820	G41,820
Current asset investments	342,032			342&032
Other current assets	725,318	4&451	18&045	747,814
Current liabilities	(141,948)			(141,948)
	2,356316	4,451	1,001,947	3,362,714
Total unrealised gains at
31December 2020	51,938		144&844	196&782
2019(as restated)
Property, plant aud etp&ipment	1,500,996		342,082	1,843,078
Investments			595,398	595,398
Current asset investments	330,939			330,939
Other current assets	645,105	5,119	20,881	671,105
Cunent habilitics	(114,800)			(114,800)
	2,362,240	5,119	958,3G1	3,325,720
Total unrcalised gains at
31 Deccmbcr 2019	38,229		103,396	141,625

					31
					December	January
ReconctTiation		of fund	balances		2019	2019
As previously		stated			3,425,720	3,354,410
Additional	accumulated		depreciation		(100,000)	(75,000)
As restated					3,325,720	3,279,410
					Year end
					31
					December
Reconciliation		ofnet movement		in funds	2019
As previously		stated			71,310
Additional	depreciation		in the year		(25,000)
As restated					4G,310