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|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|||
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|||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|
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||||||||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|
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||||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|
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|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|||
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||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|
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||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|
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|||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|
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||||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|
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|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|
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|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|
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|||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|
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||||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|
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||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|
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||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|
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||||||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||