Bethany Homestead Financial Statements Year Ended 31st January 2021 Charity registration number: 116CA48 Bethany Homestead Financial Statements Year Ended 31" January 2021 Contents Page Charity Reference and Administrative Details Trustees, Annual Report Independent Auditorfs Report statement of Financial Activitses &7 Balance Sheet ststement of Cash Flows 10 Notes to the Finanoal Stathents 11-20 Bethany Homestead Charity Reference and Administrative Details Year Ended 31¥t January 2021 Charitable Incorporated Or9anisation numbgr 1160448 Trusteès R Adams Rev A W Avery DMAvery FTGBirdFCA l D Brown M P BLKkby Dr R Calcraft {appointed 7.1￿.2021) A A Foster {resigned 27.07.20201 R K Gibson Bsc C (resigned 23.08.2021) V W Grifffths FCA R J Hardwd( JMLetts A Patter$￿ {apFointed 01.09.2020} J D Payne {deceasedl L Preen M Smith J Stspleton BA (Arth) MCIOB MBIAT J W Stiding (resigned 10.12.20201 J H Wiggins Chair of Tntstees FTGBirdFCA Registered offte lfjngsley Road Northamplon NN2 7BP Auditor Cltfford Towers 9 High Street Strjny Strattord Milton Keynes MK111M Solicitor Bomeo Martell Tumer Coulston 29 Billing Road Northampton NN1 5DQ BankoTS National Westminstsr Bank plc 41 The Drdpery Northarnpton NN12EY Bethany Homestead Trustees, Annual Report Y￿r Ended 31 January 2021 The Trustees p￿sent their report and the audrted finarrial statements of the charity for the year ended 31st January 2021. The trustees have adopted the provisÉons ofthe Statemenl of Recommended Pra¢ti¢e (SORPI "A￿Unting and Reporling by Charrties" IFRS 102) in preparing the annual report and financial statements of the charty. Trustees of the chaiity The trustees have served thKing the year and ￿nce the year end were as follows.. R Adams DMAvery l D Brown Dr R Calcraft (appointed 7.06.2021) M R K Gibson (resigned 23.082021) R J Hardw¢k A Patterson {appointed 01.09.2020) L Preen J w stirting {resigned 10.12.2020) J H Wggins Rev A W Avery FTGBird M P Buckby A A Foster (resigned 27.07.2020) V W Griffiths JMLetts J D Payne (deceased) Smith J E Stspkton Objectives and activities The Object of the charity is the relief In need of SK* or eklety per￿￿ belonging to or connected wilh the Baptssl, Congregationa] or United Reformed Churches in Northampton and the surrounding area within a Christian Care complex and of s￿h other sick or elderty persons not belonging to or connected to the afore mentioned churches in wjch Vfdys as the Trustees may from time to time deterniine. Publi¢ benefit stat&ment In setting the objectives and planning the activib.es the trustees have gwen carefvl consideration to the Charity Commission's general guidance on pL¢bl￿ beneft As the charity's Object is the care of the sick and elderty we believe this is evidenty for public benefiL Strats icRe A¢hiov8ments and performance The Residents"al CaTe Horrte is registered by the Care Qualty Commission ICQC) for 38 bds. The Management plans for 96% occupancy but actual occupancy was somewhat belowthis target for most of this year due to disruptions arising from the pandemic and lockd￿$. Occupancy of the 33 Cottages was close lo 100%. Flnanclal reylew (including reserve5 policy) The result for the year showed a deficrt on the year of £30.210 12020 - deficit of £62.0701 on Unrestricted Funds and a surplusfof the year of £13.421 1202Lk £61,544) on Restricted Funds. The deficit on unrestn.cted fvnd5 Is higherthan hopeil for, due to problems attracting new Care Home residents. particularfy self-fvnders, during periods of lockdovm and similar restricaions. As shovm in the SOFA Bethany did receive substantial Government grants. particularty in relation to PPE and infection control without which the financial situation would have been very serious. The reduction in the Appeal fvnd, including ￿payMent of the bank loan. contributes to the surplus on restricte¢ funds, but the absence of fvn(Praising events meant thal we *tre unabk to dear the Appeal Fund balan as was hoped when setting the 2020r21 bUd￿L The bank loan attached to the Appeal Fund was repaid in October 2020. The Trustees are gratefijl for all personal and charitable donations, legacAes. in memory grfts and fundraisin9 activities which produced £27,749 (2020- £67.0861 for the year. The Tru51ees regulady considerthe risks to vthich the Homestead is exposed and are satisfied that processe5 exist and are regulaty monitored which identsty such risks and the means of managing them. Bethany Homestead Trusts&s' Annual Report Year End8d 31st January 2021 The Trustees also regulady review the level of reserves in the light of the expected levels of revenue and a satisfied that their current levels remain sufficient in the event of trading drfficulb"es. The whole of the Charity'$ operations are conb"nually rnonttored to identify risks and to ensure the comprehensive Risk Assessment, which has been completed in accordancevlith the Charity Commwion recommendations, meels the Charity's quirements. The total funds of the Homestead amount to £4,301.196 at 31 January 2021. The Un￿striCted ftjnds of the Homestead totalled £4,292,458 of whth £3,500,993 relates to the Property Revaluation Reserve. General Resetves total £744,685 and a￿ regarded by the Trustees as a reasonable reseTve against contingencies. Designated funds of £46.780 remain eamarked for fvture property improvement projects. The Restricted FUr￿S ¢ompw a balar￿ of £8,738 being £8.486 of Friends Of Bethany funds, £12,938 f the Chapel Maintenance Fund. £10.000 for Rodhouse Row redevelopment and a defic#t of £22.686 on the Appeal Fund. The Trustees have agreed that an independent extemal valuab.on of the Land and Buildings should be Conducted every 3 years. The last fomial valuation was conducted on 5 February 2019 and the trustees consider this remains applicable at 31 January 2020 (see note 13}. Plan5 for futurg ￿riOdS With the completion of the new Doddridge Row a few years ago there are no immediate plans for further propety redevelopment. The deficil on the Appeal Fund I￿)Uld ordinarily have been expected to be cleared I￿￿1n the financial year under review. Ixrt the pandemic means that fundraising events were, and are still suspended. The Appeal Fund was Cleared by 31 Juty 2021. Covid-19 and Going Concem The figures induded in these finan(?al statenEnts gNe some indicatton of howthe pandemic has impacted on the period under review. We should note, however, that the effect has been considerdbly mikngated by Govemment supwrL Significant additional costs (for PPE and other equipment) were incurred in the lockdowns, but much Lif thi¥ was recovered under the various Govemmenl initiatives. Similarly. Bethany has benefitted from the Governmen¥s Job Retention Scheme in recovering 80% of the salaries for a small number of furloughed staff. Whatlhe figures do notshowis the extraordinary commitmentof Tnarry member5 of staff who worked addtiional hours to cover isolating or unwell Golleagues. The Care Manager, Colleen Barford, led this effortwth courage and tenacrty to support the staff and resi¢Jents in very drffi¢ult cir￿mStan￿ which have now been impacting on us for over a year. The Trustees wish to record their gralTiude to her spectfically in this report. Fortunatety, Bethany has substsntial financial reseTves which enable it to Tide out 'stomis° such as those noted alx)ve so Tnkstees wnsider there is no major threal to its going concem status from the effects of the pandemic. However. it will be important lo rebuild resident numbers as quIc￿Y as possible to mitigate th¢ financial downtum of 2020 and get dose to our budgets for 2021. The effect of the pandemic has also been to put on hold mst development pL3ns. We reported last year on the adverse CQC report ¢Jeli¥ere(I to the trustees in September 2019 and made public early in 2020. Remedial action was taken arKi Bethany has re¢eived verbal indicatsons that we have done what was required. However, the CQC made a relum visit in May 2021 and raised other points requirin9 improvement, $0 the Care Manager and TnAstees are rTrow engaged in a further round of improvement work lat considerable costl to adhere to the CQC agenda. taking us away from longer tèrm strategic aims for the improvement of faGilibes for the Bethany residents. Bothany Homostsad TrnstÈÈs' Annual Report Year Ended 315t January 2021 Structure. governance and managom8nt The Trustees meetings were disnjpted due to I￿kdOWn restrictions on phys￿1 meetings, but in the second hall of 2020 meetings by Zcom were enabled. Ope￿tiOnal Cor￿01 is vested in the Management Commtttee which has also moved to online meetings and issues y￿1ften minutes to the Trustees. The Finance and Property su￿¢0￿mittee5 have not metas much as usual bLrt continue to report lo the ManageTnent Cotnwnitte¢ through the Treasurer and the convenor ofthe pr￿ety Commitiee. Staffing matters are now delegated lo th¢ CaTe Home Manager and our HR Manager report to the Management Committee. The General Committee ￿MprISIng delegates from each of the covenanted churches has not met and allernative arrangements have tten put in place to scruts.nise and decide on applications for cottages ek. Trustees are elected folknwng nominations by (x)venanting churches. A maximum of Iweyrty is presGribed in Ihe original Trust Deed and this total should equalty represerrt the participating denominations. New Trustees must be appointed by a resolution passed at a propety convened meeting of the Charty's Trustees. The welcome pack includes a copy of the governing trust deed and a Copy of the Chanty Commission's guidan The Essential Trustee.. You Need To Knovl or sHJnposting to the online versi(￿. Having received Charity CommissKJn aThJ Care Quality Commission approval the activities of the then unincorporated charity ￿gIStered at reference 203520 were transferred to this CIO, Charity Registration 1160448. on 11 February 2016. The registered charity 203520 has now been closed and deleted from the Charity Commission register. The management and staff have again made an enormous conthbukn.on to the happy and SLKcessfiJ5 running of the Homestead and the Tnlstees extend their sincere thanks to all who have participated. The Trustees recognise the continued work of Bethany's dedir3ted team of volufttsry helpers and extend their sin￿re appreciation to all its many supporters. It is not possible to place a value on the many hours of service so freely given. Funds held as Custodian Tntstee on behalf of other5 The charity holds residents. monie5 on th￿r behaw as a custodian trustee. Most of this is deposrted in a designated Nationwide account wth a small balance held a5 cash fr)r ¢xJrrent individual requirements. These funds are recorded and Gontrolled by Senior Management under the supervision of the Treasurer. Al 31 January 2021 the charrty was acting as custodian tnjstee for £8,642 represented by balances at the Nationwide Building Society and in Gash. Fundnislng Standards Tl)e Charsty raises lundsfrom Ihe public. Itdoes not use professional fiJnder raisers orcommercial parbapators but relies on tnjstees, staff and volunteers to carry out any fun(Frai5ing 3(aivities. It follows the Charity Commission GuTdance"Charity fvndraising.. a guhle to trustee dulies ICC20)' when undertaking fund raising. The trustees are not aware of any failures to corrpty with this slandard and monitor all ftJnd4aising acbvities undertaken by the Chartty. hen undertakn.ng fund raisw)g the Charity has a dity to protttt vulnerable people and other mem￿r$ of the public from the follo%Mng behaviours.. Unreasonable intrusion on a person's privacy; Un￿a$onable persistent approaches forthe purpose of solicitsng orothemse procuring money or other propety on behaW of the chanty: Placing undue pressure on a person to gNe money or other propety. The Trustees have ensured that the Charity's fvn&raising activtties are undertaken vAthout resorting to such behaviours. Bethany Homestsad Trustèes. Annual Report Year Ended 31 January 20Z1 Trustse5' responsibiltltes The trustees are responsible for preparing the Trustees. Annual Report aThJ the financial stalemenls in accordance with applicable law and Unrted Kingdom AcLx)unting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England & Wales requires the trustees to prepare finanoal slatements for each financial year which give a and fair view of the state of affairs of the charity and of the in¢omin9 resources and application of resources of the d)aTity for that period. In preparing these financial statements, the trustees a￿ required to.. sele¢l suitable accounting Folioies aNJ then appty them consistendy: observe the methods and principles in the Charities SORP 2019 IFRS 102): make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subjecl to any material departures disclosed and eXp￿Ined in the financial statements., prepa￿ the financial statements on the going eoncem basis unless it is inapprowiate to presume that the chaty will continue in operatton. The Trustees a￿ responsible for keepiry proper accounling reccKd5 that disclose Y￿h reasonable accuracy al any b.me the financial position of the charty and enable them to ensure that the financial statements comply ¥Mth the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provision5 of the trust deed. They are also responsible for saf￿￿8rdIng the assets of the charTty and hen￿ for taking reasonable steps for the prevenb.on and detection of fraud an(1 other iffegulantie5. The report was approved by the bwstees on 8 November 2021 and signed on their behatt by: V W Gnffilhs FCA Honorary Treasurer Bethany Homestead Independent Auditofs Report to the tntstg8s of Bethany HOMe￿d Year Ended 31"January 2020 Opinion We have audited the financial ststemerrts of Bethany Homestead for the year ended 31 January 2021 whic comprise the Ststementof Financial Activibes. the Balance Sheet. the Cash Flowstatementand related notes. The financial reporbng framework that has been aP￿ie￿ in their preparation is applicable law and United Ksngdom Account"llg Standards. induding Finaneial Rep(Mling Stsndard 102 The Financial ReportllPg standard applKable in the UK and RepublK of Ireland (United Kingdom General￿ Accepted Accounting Practice) In our opinion the financial statements.. give a tnje and fair wew of the state of the chartys affairs as at 31 January 2021. and of its incoming resources and applution of resources. for the year Ihen ended.. have been property p￿pared in accor(tance wilh United Kingdom Generalty Ar£epied Accounting Practi￿", and have been prepared in ae£ordance Ihe requirements of the Charities Act 2011. Basis for opinion We conducted our audtt in awrdaTKe wtih Intemafional Standards on Audthng (UK) IISAS {UlQl and applicable law. Ourresponsibilibes underthose Standards are furtherdescribed in the Auditorfs responsibilities for the audit of the financjal statements section of c*Jr reporL We a￿ independent ofthe Charity in accordan th the ethical ￿qUirementS that a￿ relevant to our audtt of the financk41 statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilthes in accordance w(th these requirements. We believe th* the audit evidence * have ￿tained is svffi¢ient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In audfiin9 the finan¢ial statements, we have conduded th* the trustees. use of the going concem basis of accounting in the preparth.on of the finan¢ial stateM￿ts is appropriate. Based on the woik we have perfomied. we have not idenlified any material uncertainties relating to events or condrbons that. indtvidually or ￿llectiVety. may casl signfficant doubt on the chartiable company's abiltty to ntrnue as a going concem for a period of at least twefve months from vthen the finanaal statements are authorised for issue. Our responsibilities and the respon￿bIl5t1es of Ihe trustees wilh respect to goiThJ concem are described in the relevant seth.orbs of this reFrf Other infomiation The other inf0m￿li0n comprises the infOrm￿On included in the trustees annual ￿pOrt. otherthan the financial statements and our auditorfs report thewn. The twslees are responsible for the other information contained within the annual report. Our opinion on the financial ststements does nol cover the other inforniation an¢, except to the extent otherwse expli(alty stated in our report, we do not exp￿$$ any fonn of assurance conclusion thereon. Our responsibiltty is to ￿ad the other infomiation and. in doing so. consider whether the other inforwnation is materially irwnsistent with the financial statements or our knovAedge obtsined IT) the course of the audit or other%¥ise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to delemiine whether this gives rise lo a material misstatement in the finanGial statements themsefvts. If. based on the work we have perfomied, wp conclude that there is a material misststement of this other informthn. we are required to report that fact. We have nothing to re￿rt in this regard. Audit report continues on page 7. Bethany Homestead Independent Auditorfs Report to the tTUStees of Bethany Homestead Year Ended 31%t January 2021 Audit report continued fmm page 6. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion-. the information given in the financial statements is inconsistent in any material respect with the trustees, reportr, or sufFicient accounting records have not been kept or the financial statements are not in agreement wth the accounting records,. or we have not received all the infortnation and explanations we require for our audit Responsibilities of trustees As explained more fully in the trustees, responsibilibes statement Iset out on page 41, the trustees are responsible for the preparation of financial statements which give a true and fair view. and for such intemal control as the trustees determine 15 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are resF)onsible for assessing the charity'5 abil-rty to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditovs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detect a material misslatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to inflijence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of nonnbenim. In￿￿ed1￿ Tnclude certain ikn *knvalue. No rnatwd urKerfairitB5 exrt ottErtswn fft p*ionlDlhe Covick19 par￿eMiC and its effÈ¢t tsn thè UK fir¥spGe5 gene[￿ty. The SgnFF￿aTrt acGounbng po￿LIeS app￿1 uJitE preparation oflhesefro￿l slateTr￿ are set cgJt Ibl Funds UnresthctedfurKI8 8¥8 av81kb￿ for disrxebon oftttlJ￿es in lurther8r￿ of￿￿￿e￿I De8ignated fv￿S comprtse unrestricled fund5 that have teen setasije by ￿￿tr￿lee5 forparbcu purposes. The and w ol each dÈsignated ts set otsi in the notes lo trEfinanc#al statements. orwhich have been r86ed by ¢tArity fcr pafo¢ular wrpDS8S. The costof raisng and *ministering such funds are charged Hgainst the TIE ain and Lee ofeaL* restrthd is set*xl in the not&s to thefvwHLial stateffÈnts. It) lJ)¢ome recognitton All incom1r￿ resour￿ are induded in Statemenl of FmanraalPthiEs ISoFA}when the ctrority. gally enti￿ed tD Ihe income after any pwfvm*nc* C>)nditIo￿ trtsve tEen met the wrount rneasur￿ relwbty and il ts probabktrtstthe be receNeiL For donations trs be recogTrised the thanty haNE been of atrx)yrts arKI the settlement ¢tste ins￿}b￿9. If tsre STe condrtsorts 3lla¢hed tots donaton and thi5 TEqUite5 a level ol perfwnan before entiyement (2n be obtained 11En inwr* is defeTr& unbl those CO￿*bon5 arefully r.et ortr 5Jlfilrne￿ gfthoEe iswithTh)tIE dthe c*• iti5 Prtthttmlfvwll te fulfilled. No 3rnounl 59 Ir￿]￿Jed in the firwn(*l Stateme￿ in h)2*7th IhÈSORP IFRS 102). 12 Bethany Hornestead Notes tothe Ftthantial Statemer Year Ended 31stJanuary 2021 Donated kn￿tieS are induded althewval￿IC the ts)aityvh￿eIllls can teqw￿ffie￿ 2nd Èth¥d voILmte£r Capitsl grants rEtyved are rEtted off agai¥6t eJpeThYibJE GovemwEnt gTrrts in ￿ati￿1¢ t1* CthKk19 are ￿dUded ¥s income and ￿￿￿O$￿sep8r8tety in Ihe SOF For I￿ar￿&s, entTI￿rnent is deemed to be e8rf*f ofthe charrty beir4 notified of an tympeAling di%tribubon orthe kgacy being reftAEd. In respe¢t of notified Woe5. the ir)come is reccgni In¢ometrom trading aGbv￿eS includes inGoTrE ean%d from fw￿ra￿1￿9 EVW)ts trading acbvthes to raise knits for the cfoaty. ]r￿me i% receNed in exch￿e10rstsF￿ry gxxls atKI sPr¥i[￿ in othlo Investrnent in¢orrÈ 18 earned thFough hddw assets tr investmert putP05e5 Such as sha￿9 arKI inve5trnent prortrty. Income incl￿e$ interest aThJ wi InteTesl recLwE￿w1%n recewed Id} Expen￿rture recrqpitio conStNCt￿e obligation to m*e pa￿r￿n[S to thiril ￿rtieS. it ks protrable that the sÈtUeN￿nt W￿11 bè required ar￿ 1he amount ofthe obfwon can be refA*. el Supwjrtcosts alhxatir Support are those that assi%t tharty ￿ lyo EX)t ditecuy represent charitable 8ctiI4be5 and include offfce costs. gi)vÈrrrdrtt c￿. a(hnink8tratre mroll costs. They a￿ I￿ttrred directty in support of LYpenditur2 Lmthe oty.ects olttE charty. Where sypwl (2nnot bÈ directty a basis tonsistentvjith use of the resour￿. Adminiqtrative costs ha¥* beeft direcuy allocated Fun&Tal5￿9 a￿ those inwtted sn see￿￿ vokn)tary o)ntrtsJbw￿ aThJ ¢kn rKrt ￿[￿U￿￿ ta)sts of dtsseminatng inforrtobon in SUPPDrt ofthe charitabk aL*wbes. The an8tysi5 ofthese cctsts i5 indLN*O in n¢ile & lfj Tangible fixed a¥s¢ts accumulated impairrnent Ic5se5. C(tst uidLKles Ixjsls dwecty attributabk to maknrothe asset DÈpreciation ￿ provideo on al laryble assets. f￿et￿ prorety. ¥1 Rt8s calcul*,etl to￿lIe off the less estimated rEs"￿￿al value, ofea¢h asset On a swnab¢ basi8 over ils expected selul lrfÈ as foltcths.. Coroouterequiwjerrt FThtU￿ 8nd filbn95 13 Bethany Homestead Notes tothe FFnaucial Slthments Year Ended 3q$tJan￿ry 21121 191 Investhjentprowbes Èsbnent prO￿TtieS knwhith fa￿￿oIu2 can be Tewwithtwt undue c051 oreffortaTe measured at fair value ateach rep¢xbng datewith thanges in tsir wdlue in'r￿1 gai￿11058eSI on investments, ￿ the SOF (h) Caskn ai ba￿k￿ld in hand lil Debto]¥ and ¢red6tors receivabkl ptyabbe T¥thhin oneyear Ul Loansand borrowinys npairment. If an arrangernent ￿rtstituteS a transa(*on it ts measured at presentyal￿. Ikl cO￿te$S￿oI￿ary loan5 and arE rn￿e to 8dvance chariiablè purpw. WhetElhE loan ts repayabkknthin year, the Iw E rneasured at cost less inpwnnenl Wherethe ￿ is Trpayab￿ ift more than one yw. Il) Impaimlent Ass&ts not rn8&SUTed *frirv81ue are re￿ie￿Ed lor any k￿lCation Ihat a55et may bE rnpwr￿y at each balan￿Sheet d*. Ifsuth 1Th￿c2￿n extsts. Ihe recoverab￿ ￿oU[rt oftsE a55eL OTthp a55e¥s ash g￿erating uni( ￿ eStTrTn￿ arxj conparedto the CaThy1￿ ￿n￿jnt WbeTe tIE an7ount {ml Provr>ions Prnisions are Teco9niwl WI￿n the thaiity an ob[￿tiOn attrE balan￿ 51%&date a5 a Tesun ofa 8rnOUrt bè refkqbty estiTnatsd. Inl Leases tsverthe pÈriod ofthe leas& {ol Employee benerts 14 Bethany Homestead Notes to the Financial Sl3lements Year Ended 31stJanwy 2021 Ipl Tax The chwity rnÈets the defIn￿Oft of a ctrAritab￿ ci*ryany kn UKCworationTax 5Xry5tt5 and. therefore ¢har9ÈabSÈto CoryKiraion Tax kf its JurKls are not 3ppf*5 fuTcFwdable purpo Iql Going conGern rndterial uncertrainbes exisi of Suf￿lent sze or gtavtty to tt)rÈalen 1he Continued oK*r8b"on olth2 *W(fftu￿ i8 suffi(Aentwiththe levd Of￿[YeS lorlhe to be ab￿10 ti)rtinue as a9)ir#J o)n(*m. IFllrther infornmticffj 15 intheTnJsleesAnnual ReFthI Incom8 from donatiorts and i¢ga¢ies Personal donations Grfts frorn Ol￿e org8ni5al>u Legaoe5 Church Subsc￿p￿orts In tnerrK)ry Chatel ￿lleCtior Gift aid rep8y7nent 14.￿ 16.699 7.818 378 27.749 Income from dtsnaborts arKI Jegaoeswa5 £27,749 PtraI-£67.￿l ofvthich, £1&48012020. £56.3461 was atlributableto rthded alld g1W12020. £10.740)w atbknulth to Unrestri(￿ fijn In¢05n¢ from Governmerrt grdrtts lo ¢over8ddibon810*s. (*JsL% oftryTrry dLEwe. F¢ri• s￿￿￿t2￿Y gTarts have bEen made to cover costs of infecbon ttjntrol. PPE purdwe. equipment purchases 2nd Covid testing. Therewas aL8othe Job Retention Sthetr*whic* paid 80% ofwdge5 tor whowere fUdOL￿￿. amhowh this was oflimite(J applicativnlo C￿ homtt where mL6t sbttux)tinuè3 to be in thetrÈxistsng ro]es. In the latter case. grant In￿Me has been rnatchedlo the penoj in the e>penditurewa% in￿rred. rf necessary. by a caThy fo￿￿[￿ al the b*n(* sheettyate. PPE provk%ion vid Support Furvj Infection control Covid testing HarE151vp Grarrt Staff furtough IJRSI £10,600 £17.5Tr) £6.717 £11.122 15 Notes to the Fir￿nCIal StstÈmenls YearEnded 315tJanuary 2021 2020 Care home In￿m8 from r85hdents and NCC MeaLs sU￿ry ￿eipts Cottages Rents receN8d Gas. eiethcty aThdWa1erT￿￿ts 1.166,122 18,643 1361 1.2U2.478 17.1￿$ 1204 216,831 24,733 21. 1.436.546 I.4￿,3 Inci)Th*frvm othertRdlng actlvl 2020 Fundrak%ThJ events 12,￿5 12,055 Al the income Irorn actMbes120201 vp5 all[QX￿￿> reslridalfityKI> 20 2020 ITEtÈre5t-deposits Renlal irmne 244 675 8,100 8.775 Incorne from investrnents was £8.44912020- £8.8441 ofwhich £8.44312020-£8,7841 w35 attributab￿ to unrestrirt& and £6 [2￿0.£50) wa5 atlnbu1ab￿to reslrided furttts. Actrvibes underfaken diYecUy Support Tolal CaTe Horne Cotiages 1204 139,662 1.343.918 160.&f3 1.364.609 109 229.771 250.462 1.594.380 £1,069 otthe above Costs Y+*re attntArtabletO Festthd £1.5%1311 oflhe abobt costswere CompaTatre figwesfor prevts￿￿ year 2020Total CaTe Horne Cottages 1,153.164 150.543 1.283.707 160.643 1293.807 101.784 252.327 261427 1.54&134 £1.203 ofthe ab￿* c(ts&were 2ttrl￿abk tD ¥pstrIc￿lUr￿ £1.Y4.931 ofthe c05tsMwe 2ttribut8bJelo yntestiided fijnd 16 Bethany Homestead Notrs to the Finan¢ia] SlatÈmert8 Year Ended ￿stJanuary 2 Allocatlon of Support￿ 20 107.1&5 9.047 14.047 30.124 160.353 79.5¥4 1.788 2.776 5.953 .11Y3 186,727 10.835 16. 36.0 2￿.4￿2 Govemance T¢)lal 202 Care Hom 120.705 214.597 11.818 17.346 18.666 261427 Goveman Humn resources support 14. 15.586 101.784 2020 Auditorfs rwnuneration Leg81 f8es 6.018 11.818 10 Audltorfs remuneration 2020 Fees PaY?￿et0the charitys aLKlittytr1he *¥Jti the ch8rWs annual arAJ)unL8 5.200 17 Bethany Hr#nestead Notes tothe FIna￿claI StstÈments Year Ended 31stJanuary 2tr21 12 Stsff costs arnl employee ￿nefrfs The average monthty rnJmLv Of￿￿40yeeS dWingthe)E￿￿as a5 Nthnber 74 Charitable actNibe5 Management and 71 78 83 2020 Wages and salaries Redundancy ￿$ts 1.(W.458 9.273 64511 17.411 1.020,741 15.505 7.893 Trainiftg 1,165,511 1.(y38.402 2020 CO￿eSSiOnary loat7S 1.328 18 Bethany Homestead Nots¥ to thg Financial ststrments Year Ended 31siJ4nuory 2021 14 TaEwlbleffixed assets Land and Plantand ￿￿￿Te5 and propertie5 building5 rnach￿ery fiUing5 Motor vehicles Yotsl Cost or valuation.. At 1st February 2020 A￿d￿On5 Di8posaL8 175,(￿ 19J8. 296.051 10.0 4.407,W2 At31stJanuary 2021 175,000 3.9)8.656 17. 298,051 10.OL 4.407.392 DepTeaaboTK At 1st February 2020 Char9& forthe ye8r Elimin8ted on diSKK55aL8 At 31stJ3nuary 21T21 17.685 17Z4W2 36,078 1QOL 200,177 36,078 17.6B5 208.570 10.000 236255 Net book valts At31slJarnJ8ry2tr21 175 3.￿.655 4.171.137 At 31st Janu8ry 2020 ukl have been reccgnised had the assets been (3rri&1 urNfjÈrtrÈ o%1 rnoael. Thk5 disclosu￿ is nol possible a5 ts revaluabon TeServe arD5e from the inclusion offreehdd land aTrJ buik1ings and f￿￿TEs aTKI ffttings in the firAnoal staknents foTttEyearended 31 January 1995. Priorto exKwxYitu F[¥eho￿ land and buldin￿ a￿j ln5vtr￿nt Tyop*l# 5ubpXto an Y*￿en( PTDfessK)n vÉluation at 5 February 2￿. Trewaltsation was urKfjertkn byA BouWw. FRICS TIE CarE Horre arKI tt* Cottages h8ve tttn Ire8ted as Op*ational Fy0[￿e8 and have tÉen v8hEd at£3.850.W) on basis of Exisbng UseValLE. The ProFÉty is also on the basis ol E)i5ti"ThJ Use V21u4 2t£17&000 15 DebloJs 2020 69.976 29.677 16 CrndltO¥8: amounts falling th]e within oneyear Cr￿cesSIOT￿ry loans Bank loans ano overdrats 170,941 14.711 137.371 12,187 Othertsx a[￿ stitial 185,652 174.950 Bank loans tctsllivg £nil12020- Q5.392lMwe ser9j￿￿ by a 1silry￿ clwge ￿ 5&4 ￿r￿leY Road laka C105el and rts associated assets. projecl borrowing5. 19 Notes to the Financial Slatem8rts YearEnded 315tJanuary ￿21 17 2020 Not later Ihan orE year Latertr￿n one and not laterthan years 20.112 57,159 20.112 77.271 77271 97.3&3 18 Fund recon¢thtioD Unftstrithd funds Balan￿ at Gainsl Ik6wI B*nce at Jan 2021 General Fund Rodhtsu￿ Row Tedevdopmeni Reyaluation reserve 771.ff15 1.565.948 11.597,(651 13.Y201 11.8531 744. 4Q780 4500,993 4.322.668 1.￿.￿ 11.594.205) 11.8531 4,292,458 Balancè at 4 Feb 2020 Transfers Ba]ance at 31 Jan 2021 Chapel maintenance Friends of Bethany Rodhouse Row redevthpTWrt Ap￿al Fund 12.629 378 &074 11.rfi91 11843} 12.938 8.486 10.000 22.686 8.738 114n 10.rm 132.714 14,683) 15. [3.9121 Fund de5GriPtkons 81 Unrestri¢ted fwds ¢harity. have aUo&ed £S0.0(Qfromlhe I￿¢Y rEceNgJ fr¢m the Mr F GarY￿￿t￿ardS this. RevaluatK)n Reserve hJnd-this has arwi from the irKI￿￿)n (SFI￿r￿￿ land and buiwing and fixturps tnd frtlirgs in Ihe ffftancial ststernentsforthe year ended 31 January 19JS at a valuation 3nd Subseq￿ bl Restricted Cha￿. Stsrting UJ 2011 £1,000 to iilrcrn ￿ Gwr4 Furd Bethany Hornestead Notrs tothe Financlal Ststernents Year Ended 31st January 2021 18 b) Restricte15 fund5- Ex)ntin￿d year i5rto a designat￿ Ajnd loward5this woiect1s* noie on ijessgnated lur￿ abDve). Ap￿1 Fund- the éeficit ￿rESents1he finan¢È Cftsts ofthe Ile*l• oftkKklrKlyE wa5 finished before the Trquisite furKts had iEen raised. SI￿)￿tfall wa5 through a bank loan the next eighteen mcrths.. 19 Anatysis of t)etassets bets*Een fvnds fund5 FLxed 355ets Cash ond current ¥TJvesb Currartlrabilths 4.171.137 3[￿.973 I1￿.652) 4.171.137 315,711 I1￿.652) &738 42914S8 8.728 4k301.1 20 Recon¢Uiation of nethKome tr* netwh Ilowfrom otwalin9 a¢ti¥ltk5 20X 2020 Net incomefortheyear 116.7891 18.2051 (244) 15281 18.1001 16751 5ntetÈst rece￿ble Inte￿¥t payable Fi%ed asset revaI￿￿On Deprettiation and impairment oltwible a55ets Loss on dL8posal oftrngibk fwj assets Decrease I Ilncre85el in debto Increa8e I IDeuÈasel ￿ LBJiktsrs 17.463 1402991 I4.￿6 14,9911 c85h tIowfrom ctET8tiro ac&Ni￿S 19.085 Defined contribution FWtsiOft •'. a5 3R &xpew snthe period Yrds £17.411 12tr20-£15.5L Fund5 ￿]d as a Custodian Tru51Èe t>)natiOn5 r￿￿ed directy frDm tr￿lee5 durirtsJll% year10￿￿£1.￿l2o20.£sWl. Oon8tions from trustees e5 part ofgeneral fvThJ-ratsiTra OTtsThtio￿ organi8ed th[0￿h supporbng thurches cannot besept￿e5Y Kaenbfie& FortFUStees donated See Tr)te 25 bEkT￿. Donated setrvices Volunteers (indudiNJtr￿I p￿de servTrce5 to PetrATry fft many 93NdEntr￿. hJndrai8in9. filled by volurtrers 85well.