Bethany Homestead Financial Ststements Year Ended 31st January 2022 Chartty reglstrdtion number. 1160448 Bethany Homestead Flnanclal Statement8 Y•ar end•d 31*1 January 2022 Page Charity Releren¢e and Administrabve Dtsis Trustees. knnual Report Independenl Auditorfs Report Statement of Financial Adivit*s Balance Sheet Statement of Cash Fbws Notes to the Finanual Ststements 2-5 6-7 10 11-20 Bethany Nomestsad Charlty R•f•r¢nce and Admlnl•lrallv• Delo118 Year Ended 311t J•nuary 2022 ch￿Ilable Incorporat￿ Oryanlsatlon number 1160448 TnwtO•5 R Adams R•AWAN DMAvery FTGBirdFCA l D Brown (re41￿1 28 Febnwy 2022) P Buckby Dr R Calcraft Ir85gned 31 January 2022) V W Griffiths FCA R J Hardwick (reswjned 14 May 20221 J M Letts {resKJned 26 April 2022) A Pattorson Irnw9ned 28 February 2022) L Preen M Smith J Stapleton BA {Archl MCIOB MBIAT J H Wwins Chalr of Tru￿¢•5 FTG8irdFCA Reglstered offic¢ lQn9sley Roa Northampton NN2 7BP Auditor Qifford Try 9 High Street Stony Stratford Milton Keynes MK11 1AA Sollcltor Bomeo Martell Tumer Coulston 29 Billing Road Northampton NN151)Q Bankor5 National Westminster Bank p 41 The t)rawy Northampkni NN1 2EY Bèthany Homostg•d Trustee8' Annual Report Year Ended 31•t January 2022 The Tnrtstees present their rewrt and the audit8d financd statements of the tharity tsr the year end8(131* January 2022. The Iru5tees have adopted the provisjons ol the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities. (FRS 102) in prepan'ng the annual re[￿ and financial statements of Trustees of the ch¥rity The trustees who have served duriThJ the year and since th• year end TA*re a6 folltrary: R Adams DMAvery l D Brown (resigned 28 February 2022) Dr R Calcraft Iresigned 31 January 2022) R J Hardwick (resigned 14 May 2022) A Patterson (resigned 28 February 2022) L Preen J H Wiggins Rev A W Avery FTGBird kl P Buckby VW Griffths J M Letts (resigned 26 21)221 M Smrth J E Stap*)n Obie¢tives and aclivitles The Object of the chanty is the relief in need of sick or ehjety persons belonging to or connected with the BaptisL Congregational ￿ United Refomed Churches in Northampton and the Sufroundlng area within Chrisb'an Care complex and of such other sick or elderty person5 not bèkjnging to or connected to the afore mentioned churches in such ways as the TfUSt88s w from time to ts'me determ1￿. Publlc ben•fft statem8nt In setting the objectwes and planning the ¥bviti'es tho trustees have grwen careful con8Mlerntion to the Charity Commission's general guidance on pubk benefft. As chtys Oty'ect is the care of the and elderty wo believe this is evthntty for publK benefiL Stra IcR• Achievements and perfornianee The Residents"al Care Home is registered by the Care Qualrty CommisS￿n ICQCI for 38 Ws. The Management plan5 for 96% t)xupanw but actual txojpancy was somewhat below this targetfor most of thks year due lo disnjptions ansing from the pandemic and lo¢kd(y*ns. Oxupancy of the 33 Cottages VAS around 96•h. mainly due to the time required to comF4ete refUrbtyhrY￿S on a change of 0￿Up￿nt Flnan¢lal revl•w (Includlng roserves polley) The resum for the year showed a deficit on the year ot £36,723 (2021- def￿ of £30,210) on Unrestricted Funds and a surplus for the year of £38.57012021- £13,421) on Rostricted Funds. The deftit on unrestrlcted funds is higher than hoped for. due to problerns attracb'ng new Care Home re￿ents, Par￿UlartY self-funders. during periods of I￿kd￿lyn and similar restrictions. It was *0 necessary to repl¥8 the roof of the man Care Home building at a cost of £38,745. As shown in the SOFA Bethany did receive substanlial Government grants, pafbcularty in relation to PPE and Infection ￿ltra1 Wknut whic* the fwwncial situation would have been very serlous. The Appeal Fund, which supported the development ofthe nthv Doddridge ¢ottages (completed In 2015), was finally cleared in Juty 2021 ft>lh)wlng a special appeal *thi¢h wa$ generou81y SUFPOrted to rai8e the £20.000 approx. required. The Trustees a￿ gratefvl for all personal and chantable donatKmS. legacies. in memory gifts and fundrai%ing activities which produced £ 52,743 {2021- £27,749) fcr the ￿. The Trustees regularfy consider the risks to which the Homests￿ is exposed and are satisfied that pr£¢es￿$ exist and are regularty monitored which identy such risk5 and the means of managing them. Bothany Hom•*te•d Trustee8' Annual Report Y•ar End•d 3141 January 2022 The Trustees also regularty rpviw the knl of reserva in tr* light of the eXp￿t￿ levels of revenue and are salisfied that thetr Current levels remain sufficient in the event of tr*ling difficult￿5. The whole of the Charitys operations are continualty monitored to idenbfy risks 2nd to ensure the comprehe￿1Ve Risk *ssessment, wh￿h has been completed in accordance with tr* Charty Commission recommern1ations, meets the Charivs requirements. The total funds of the Homestead amount to £4.303,043 at 31 January 2022. The unrestricted fvnds of the Homestead totslw £4.254.735 of wtrKh £3.500,993 relates to the Propety Revaluat￿) ReseThe. General Reserves total £7c6,￿2 and are r8garded by the Trustees as a reasonable reserv• agalnst Contingertc￿. DesbJnated lunds of £46.780 rernain earma*•J for fubJre propety improvement prnie¢ts. The Restricted Funds compn'se a bajance of £48.308 taig £17.106 of Friends of Bethany funds, £15.614 ftjr the Chapel Maintenance Fund. £10,000 for Rodhouse Row redevelopmont and a balance of £5.588 on the now Appeal Fund. The Trustees had previously agreed that an in(kpendent exlemal Ydbuatlon of the Land and Buildings $hould be conducled every 3 years. The Trustees decided to defer the 5chedukd January 2022 revaluation in the light of conb"nuing Covsd restrictson$ etc. and on the basis that any benefft of a revalUat￿n in thesg circumstances was oumie￿hed by the professK)nal ¢osts invofvod. The last fornial valuauon was eenducted on 5 Fabruary 2019 and the trustees constijer this remans applKabfe at 31 January 2022 {see note 14). Plans for future periods Wrth the cornpletton of the new Doddridge Row a fvw years ago there are rto immediate plans for further propety redevelopment. However. the TnJstees have beert considering how io effect a major relurbtshment or rebutld of Rodhouse Row. Covld-19 and Going Cono•rn The ffgU￿S included in thes6 financial statements give UKlicatson of how the Pandern￿ ha5 impa¢ted on the period under review. We should note. h¢)wever. Ihat the effect has been consideratAy mibg*ed by Govemmenl SUPPLrt Significant additional costs {for PPE and other equipmant) we incurred In the IcKkdtrwng. but much of this was recove￿ under the WdriOUS Government inib"atives. Similarly, Bethany has benefitted from the Govemmenys Job Retention Scheme in re¢overing 80% of the salanes for a small nwnoer offurtoughed stsff. Vthat the figures do not show is the extraordinary commitment of many memtérs ofslaff who worked additlonal hours lo cover isolatsng or unvAI ¢olleagues. The Care Manager, Colleen Barford, led this effort with courage and tena￿ty to support the stsff and resK4ents in very drffKult circumstsnces ￿1¢h have now been impacting on us for the last two year5. The Trustees wrsh to r￿)rd their grntilude to her spectr￿lIY in thi8 reporL Fortunatety, Bethany has substsntial financial reserves which enable rt to rK4e out 'stomis' $u¢h as those noted ab)ve so Trustees consider there is no major threai to its going concern status from the effects of the pandemic. However, it will be important to rebuikl resident numbws as qU￿k￿Y as possible to mitsgate the financial downtums of 2020 and 2021 and ach*ve to our budgets for 2022r23. We rewrted in the last ￿ year5. accounts on the adverse CQC rewn del￿e￿ to the trustees in Septemb 2019 and made public early in 2020. Remedial aCt￿n was taken and Bethany has received verbal indicalions that we have done what was required. However, the CQC made a ￿turn v¢slt In May 2021 and raised other pc4nts requiring improvemenL so the Care Manager and Trustees have been engaged in a further round of Improvement work {* considerable cost) to alhere to the CQC agenda. takmg us away from longer te Bethany Hornestead TrustoK' Annual R•port Y•ar Endgd 3111 January 2022 strategic aims for the improvement of fxilities for the Bethany resldents. The latest CQC visit in Juty 2022 confirmed that the remedial work undertaken had dealt wilh the majority of Issues from the previous 2 vists. but attention was drawn to a small nvmber of areas 7AI)ere the inspectors felt insufficient progress had been made. Accordingty. the cac Med as -requires imprfftmenf the category of "15 the ser4ice safer and "inadequate" in the area of'ls the servir* ¥RII-ledT. An appeal was lodged bul ign¢xed. The Care Manager and Truslees are therekn engaged on another rourKI of improvwnwrt work and monthly repth'n9 to CQC. Structure, gov•rnanc• and managem•nt The Trustees meetings were disrupted due lo lockdthvn restricti.ons on physical meetings, bjt in the second half of 2020 meety'ngs by Zoom were enabled. operatio￿ Control vestad in the Management Committ•0 which has also moved to online meebngs and issues written minutes to the Trus*. The Finance and Propety suwmmittees have not met as much as usu* butcontsnue to reportto the Managerrent Committee through the Treasurer and the convenor otthe Propety Committee. Staffin9 matters are now dewted lo the Care Home Manager and the HR Manager who report to the Management Committee. The General Committee comprising delegatss from each of the covenanlwig churches has not met and alternauve arrangemènts have been pul in place to scrutsntse and decide on aPpl￿tionS for ¢>Xtsges etc. Trustees are el￿d fo1￿1ng nominabons by Covenanting Churches. A maximum of tr*enty is prescrlbed in the original Tn￿t Deed and this totsl should laity represent the partiu'pating denorninalions. New Trustees must be appointed by a resolulion passed al a propety convened meeting of the Chanty's Trustees. The welcome pack includes a Copy of the goveming trust deed and a copy of the Charity Commission's gui¢J8nce he Essentsal Trustse.. What You Neèd To Kntxv c* signposttng to the ¢)n11￿ version. Having recaNed Charity Commission and Care Qualty knmission approval the actP¥rytses of the then unincorporated charity registered at rele￿nce 203520 were transferred tt) this CIO. Charity Registration 116¢)448, on 11 February 2016. The registered charty 203520 has now been closed and deleted from the Charity Comrnission wrster. The management and staff have again made an ermrns cljntrilxrtK￿ to the happy and SUC￿$ful running of the Homestead and the Tfustees extend their sincere thanks to atl who have pafa¢ipated. Thè Tru$lees recognise the continued work of Bethanys dedicated team ofvotuntary hdpers and extend their Sincere aPp￿latIOn to all its many supwrters. 11 is not FI￿ible to p*e a value on the many hours Olse￿ so freely given. Funds held as Custodian Trustee on b•halt of oth• The charity holds residents, monies on their Oehaff as a custOd￿n trustee. Most of this is deP￿.18d in a designated Nationwide account a small balan¢e l>eld as cash for current individual requirements. These funds are recorded and ¢ontrolted by Senmir Management under the supervision of the Treasurer. At 31 January 2022 the charity was acting as custr*Jkin trustee for £7.848 represented by balancts * the Nationwde Building Society and in cash. Fund4alsing Standards The Charity rases funds from the public. Itdoes not use professional fvnder raisers Orcommerci￿ participators but relies on trustees, staff and volunteers to carry out any fund4aising a¢tivits"es. It follm the Charity Commission Guidance"Chaiity fundNs¢ng: a guide to truste8 dubes (CC201" when undertakn'ng fund raising. The trustees are not aware of any failures ts compty with Ihis slwdard and monrtor 41 fun&rasing acttvibes urKlertaken by the Charity. When undwtaking lund raising the Chty has a duty lo protect Vulnerable people and other m8mbers ol the public from the followng behav￿uts.. Unreasonable intrusion on a person's privacy. Unreasonable persistent approaches for the wrpose of or olheThts* procuring mon•y or other property on behaw of the charity. Piacing undue p￿sSUre on a person to gNe or WOFerty. Trusteos, Annual Report Ymr Endod 311t Janu•ry 2tr22 Tn*tr￿, rnspornlbilftlo each financid year whi¢h gN• a true arthj v¢e•¥ ot the state of affatrs of the chanty an¢1 of NKomlr4 thè trust•88 #re re¢wr•d to.. obsthe ttje n￿OdS pri￿pieS in Chailies SORP 2019 {FRS 1021,. make iud9ty¥wts and estirrth5 that we wsonable prudert stste wtther appl¢cable a¢coLmb"119 slandards have been foW*d. 8Utfjx% to ￿Y mllwi departures di5dosed and explanod in I1￿ fi￿￿*1 prepwe financial Statem￿ on go￿9 c4rK•m bBds urde8s ft Is tnapwowknts tr* tho1 the ch*ty WIK kXWrtinue in QPW*i Th• Trustee$ orn responsit4e for keep¥rg prvFer a(tWrfing r¥¢xd8 that ¢Ss¢bse rea30nabl• Ic￿l8¢Y 8t any tlrntthe financial position ofthe ¢W ¥¥J en* them to¢n8wethatthe fwwKi* stste￿rts ¢* the CWit¢es Act 2011. the Charty IP£courts aTrJ R•pJtsi Re9￿8￿)1* 2008 and the prmioff6 of th• tnjst deed. Th•y arn alw fesp0r4i￿• for safegwdiThJ thc assth of tho charty arKt hence for tskulg ths FCA Honarary Trea$urnr Bethany Homestead Ind8p•ndent Audltofs R•port to the tru•t••s ot B•tlwiy Hom¢•tead Year Ended 31•t January 2022 Opinion We have audited the financlal ststements of Betrwy H￿￿$tead Ivr the year ended 31 January 2022 which Ccffiprise Ihe Statement of Financol ￿tIviti.e$. Ihe Balarte SheeL the Cash Flow Stat8ment and related notss. The financial rewrting framework that has been applied in their preparation is applicab￿ Law and Unrted Kjngdom Accounting Stsndards. induding FinancAal Reportsng Standard 102 Th8 Finanoal Repothng Stand8rf applicable in the UK and RepuUK of Ireland (United lfjngdorn Gen•ralty A￿epted A£counting Practice). In our oiinion the finanoal statements.. gNe a true and fair view of the stste of Ihe ch*tys affa.rs as at 31 January 2022. and of its in¢oml resources and applution of resources, for the year then ended; have been properly prepared in accordance with Unrted lQngdom Genwally Accepted Acc¢)unting Practi￿. and have been prepared in accordance ¥rilh the requirements of the Charilies Act 2011. Basls for oplnion We conducted our audit in accordance with Intemat*)nai StsTrJards on Auditing (UK) (ISAS (UK}l and applicable law. Our responsibilits.es underthose Standards are further descrtbed in the Auditofs responsibilities for the audit of the financial statements section of our reporL We are independent of the chanty in accordance with the ethical requirements that are relevant to our audrt of the financial stslements in the UK. including the FRC'S Ethical Standard, and we have fvlfilled ￿r other ethtsl responsibilib'es in axordance wrth these requirements. We believe that the audit evidence we have obtain¢d 18 sufficient and appropriale to provide a ba$1$ for our opinMIn. Concl￿10n8 relatlng to golng con¢trn In auditing the financial ststements, we I￿e concbjded that the trustees. use of Ihe going ¢on¢em basis of accounting in the preparation of the fir￿ni￿1 statements is apFxopriate. Based on the woth we have perfO￿e0, have not id￿tified ￿Y material uncertaintss relating to events or conditions that. individually or collectively. may cast s￿n￿rant doubt on the charttable company's abilty to conb'nue a$ a going concem for a period of * least trwefve month$ from financial statements arg authorised for issue. Our responsibilities and the respOnsi￿li￿e8 of tre truslees Thryth rnspect to goirvJ corKem are described in the relevant sect5ons of this r8porL Other inforniatlon The other information comprises the infrnn included in the trustees annual report, other than the financial statements and our audito￿$ report the￿On. The trustees a￿ responsible for the other infomation contained wtthin the annual report. Our opinlon on tre financ&￿ statements does nol cover the other infomation and, except to the extent Other￿58 expl￿1￿ stat&1 in fjjr repoo do not express any forni of a￿UranCe conclusion thereon. Our responsibility is kn read the other inf0m￿kn and. in dorng $0, consider whether the other infomation Is materially inconsistent wrth the finan¢ial statements or our knowledge obtained in the course of the audit or otherwse appears to be materially misstated. If we idenbfy such material inconsr6tencies or apparent material misstatements, we are requi￿￿ to detennine whether this gNe8 rise to a maten'al misstatement in financial statements themselves. If, based on the work we have perfomed, conclude that there is a material misstslement of this other inform*ron. we are required lo report that fact We have nothing to r8FXJrt in this ward. Matters on which we are required to report by oxc•thn We have nothing to report in respect of the following matters in rektion to whth the char￿88 fAcU￿nts arKI Reports) Regulation5 2008 require us to rep)rt to you rf. ￿ our Opin￿n. Audlt roport conthues on page 7. hany Hom••t•*d Indgpendent Audltorfs Report to the crf 8thny Hom•rt Yur Ended 31•t January 2022 repotL or 8uffwnt aCc￿n11ng records have not been kep¢ +X Ihe flnan¢AI 8tstements are not in agreement V&ith the a¢countsng fecords: or have not rpGeived au the infomia¢M)n eyknatwJns ￿ requye for our audlL ResponsSbSlltles of trustee8 AJ explained more fvlly in the truste￿. resp)nS￿l￿•S lel (xrt on poge S, the truslees are reSpo￿lts￿ for the preparakn of statements give a true and fair vtew. and for such internal frryn materi￿ mwtatemert wtsther due to fraLKI ar wror. a¥ a going concem. disclosing. as appbcable. matters r*led to going ¢orKwn and using the g¢kn9 concwn reailstic anemative but lo do so. Audltofs ro8pon•lbllltl•s lor t￿ audft af the fin•nd*l statwnert• We have been appointed as auditor uThlwse¢tvJn 144 ofthe chariti.es Act 2011 and report in ac¢onlancewith ulations made under section 154 of that ki Our oLryectsves are lo obtah reaSCy￿Ile a8suran¢e abwt whether the financial statements 85 a whole ￿ free from matenal mlsslatemenL V*t*ther to fraud or error. and to issue an auditorfs that ￿￿u￿¢S our opinin. Rea8￿*￿e assurance Is a high lffil of assurdnce. but is not a guarantee that an audrt cfymlucted in accordatKe wlth ISAS (UK) de*t a material mmtatemeftt when it e￿Sts. Mksslatements can arise frorn fraud ¢y error and are ¢onsidtred maten'al rf, Indtvidually or in the aggrtyate. they couhd reason* be expthd to Influen￿ Iho eL>)nomic dectsk)M of users tsken on the basis of these financol stslements. Irregularities, including fraud. are instances of nonthcomplvance with IM and regukntion$. We de8*n pro¢edurps in line w¢th our responsibilities, OLrthwl atKwe. to ¢Je*l matsrial misst9￿)entI in rwg¢t of irregularitss, includlng fra￿1. Beouse of the inherent limitations of an audiL there Is a rt8k that not detect dl *rryularf* those leadlng to a material missl*merrt in the fironoal statements or nonae4Xn￿lanca wlth rogulatlon. Thls rfsk Increases the more compts"arKe *Aryth a or regulatk)n J8 rom0¥￿ frthm ovonts and Irdn8actThs refie¢W in tho f￿ancial 8tataments, as ￿ wll be less h'kety to beccrfne ofinstances of rKncated ￿ tho FlnwKl•l Reporbng Councif8 V**b5ite at VI•M.f￿tyg.Uk1a￿￿I1oTva$￿YWbtfjtseS. Thls de5cripkn fomi$ of our auditorfs repo Ll•e of our rnport Thls report 1$ made sotely to tr* charilys trustew. a8 a LK¥*. in ￿OI￿aKe with Part 4 of tho Charldos {Acccunts and Reports) Regulatsons 2008. Our audriwork has been undertaken so thal we might state to tho charitys trustees those rnatterswe are required to state tothem in an awlitofs report and for no 0￿￿PUrrI>Se. To the fvlle5t extent p&rniitled by VIE do nol accept or a¥Bume responsibihty to anyone othw than Iho fomied. CUFFORD TOWER8 statutory Audttor 9 Hlgh Stre•( Stony Stratford, Slton Keyn￿. MK111AA c I, fvJ YcYLAJE4 DAYL. 24 NtyMnb•r 2022 Stst•m•ntolFln*n¢knl A¢￿¥10 Yw EnO•d 318tJ•nu•ry 2022 2021 fund• Totsl T•l•l CTha*ons and lega¢ies Govwnrnent grants ICtyry&rnlaW) Charftable aetswtses c*tkwtrading attN￿ 11,565 41.178 $1743 64,795 1.552.430 27.749 1Q8.e44 1.438.546 1,552.430 8*7 &387 8.449 Total In¢•m? and •ndo*Thents 1.637,17T 41.178 1.878.355 1,581,428 Expendl￿1¥ on: Rwsing lunds Chantabk adivWe8 1,Sll899 1.878.508 13 1,594,380 Totsl 0Xp•ndl￿v? 1.673.899 1.676.508 1.598217 136,7221 1.847 1147891 Trw*tèrn b•tw••n fund• I1.￿1) 1.1x11 Oth•r rncoynl¥ed galn• I110•8g•1: Goins on revaluation of fNed as￿ Lc4s on disF¢sai of f￿ed a$8e¢s N•tmo%•rn￿t In fund• 19 (37.T231 39.S70 1,847 116,7891 Rocon¢fjiation of fund•: Totsl fund# ¥rought lorward 19 4,2Y2.458 8.738 4.301,196 4.317.985 Total fvnd• carthd fomrd 19 Tawbk a558ts 14 14 1.￿5 175.( 4,140, 189Q137 175.0th) 4,171,137 15 61.7LYJ C•8n 315,711 16 (171,16n 118SA52) 1fl.O 130.OS9 4J03.043 I.￿1.198 17 A￿3 4J01.If¢ Re51ri¢Aed t8 18 18 18 3XA993 744fft5 46.780 3.r￿.893 10 4,303,043 4201,198 FTGBthIFCA FCA 11J B•th3ny Hom•st•ad 8tstwn•rrt ol C￿￿ Flow4 Yw End•d 31at&•nu•ry 2022 12,363 N•t ca8h fi¢wfrom op￿tin1 •cti¥ltl•• 12.383 eAsh fftow from Inv•8llng *¢Ovltt•• Payynents to acouim taNJiNe fw* as50ts irtere8t rec*i¥¢d Rents received from in*str*nt prwrtt88 37 N•tcMh flow from in¥e•llno ￿11¥1￿ 8.387 8,449 C8*h flwfrom finandry a¢d¥ltl•* Raceipts from issue of ne4V I¢x9 t•rn108 Rspwnent ofka Int•wl pohd 125.3921 129)) N•t ¢a8h Ilw from fin•n¢kng •ctr¥it 125.8821 N•t In¢r•au l {d•¢rn48•) in u•h and Gash gqulnl•nts 110.308) Cuh u•h •qul¥thnty at 1st F•bruary 2021 245.735 C*sh •nd cash •quivler¢t• at 318tJ•nuary 2tr22 245,TJS Cuh •nd ea8h ¢qi*Kl•nts ¢<>ft•i•l• of: C•8h al bgnk and in har 245,n6 Cmh and ¢a•h •4ulvlwts •t 31•tJ•nuary 2022 e•tr￿nY H¢)mestead Not•8 to Flnanelal SIAtsnwfits Y•ar End•d 31¥t J•nuary 2022 11 SwnmAry ol•lynfflcant •¢couniiftg (•) G•n•Tal Inlonnatlon and bMl8 •f Pl•￿rI Bothany ts a Charitsble Incwpora*¢ QrganMtsM Er¥Jland. TP• •Jthws ol Il* rK• o given in the ¢harlty infomwb)n on pw I d Ilme Tr* ¢h8rity cofistitutes a publ￿ t•ngfft as ¢Jefin￿ by FRS 102 The firtalK￿ ￿￿7t•TrI* l¥o•n prepared in att¢rdance wrfh A¢c4*untsn9 and R8porbn9 ty Charit*s.' at R¢¢¢yrn Practice appli¢atrfe to ¢nantss preparin9 Ilwac¢wnts M) arpJrdw Fvwncol Stapdarf applicabt8 in the UK and Rewblic of Ire* IFRS 1ty21 iuuod 2019. Financi st¥ndard appl￿b￿ Ni the Unts¢J King&yn ￿ RepublKof Irpbnd IFRS 102). ttte Charits8 A¢t 2011 aftd UK GeneraltyNoepW Pra*e as rt appk8s Irryn l J8twry 2019 fir￿￿181 •tat•mBnts am on a wng b•$* urklertr* hotml c¢4tcon¥•nlK￿. to Inelud? certain items at fair val￿. No matwd ur*xkni*s than in r•l&bon ca￿d-19 Pa￿¢M￿ and its elfect on UK Thè signfft*nt a¢countirb9 por￿￿ appl* in th• prEparatth llf fmanoal 510lWn￿ts 8ro set ¢xrt bkn. Tl• polKK•i have consist¢nty apptsd to ￿1 ￿[$ pffjwn*d uni•8• statad. Ib) Furtd• Unr•5tricted knnds ar• tor us• at ofts trpAkn•s In dtr* 9oMrnI 0biectfv￿1 ofthe eharity and 4thich nol ¢Jesy*i fc¢¢Jtr*rwrptsw. DesvJnatsd lunds compnse urwestsictsd ful￿ that have t*•n ¥et asA1• ty It* Iruito98 oses. The wm an(1 use of oesTnaied Iwvj o s•t out fft tr* no￿ to Sla1￿*￿ts. R¢¥trth lund$ ar¢ fvnds whth art to te in accordance *Tth $pecifK restrkyK￿ Thpos•J ty *Yonor¥ orvthth ttave been ra￿ed by the ¢hanty for para￿*r￿J￿W. Tho ol and ¥uch lunds are eharged against th• Tr* am ot rn•¥ic*d finl is Set out the noto8 to thè finanMI 5tatemerts. 1¢) In¢orn• ￿tOg￿lI5￿N Al incoming r•scurc•s are ifidud￿ in stst￿ of Financi¥ {S¢FAI charity • leg•1ty eThbUed to th• ineome afkr any pérfornia￿ ha￿ bpon rnhitcan b• measured r•ltabty ar￿ il M prthable that Iho b¢ r•e*•*#. For donatW8 to be recogn￿￿ the ¢*arity ￿1&144• beoft of the •oW•nwnt dat• in wribng. If thero are conthi¢n$ attached to donatw ar￿ a l•bpl ol ￿rfO￿lIft¢? fore 8ntiiement be Obtsi￿d iric0￿ ts d¢k¥r&1 Ihose arn luty rnet or th? hjtfilthnt oftho¥• cwlthns ￿ ￿1n the contt4 ol bm arnl it r4 Wf4)*>l• Ihot wdl be futfil*d. No affl¢xwt IB Incl￿ in the in kn• *ith lh• SORP {FRS 102). Furthwdeiail ij gr4•n in IM T￿ta&s, Annual Repthi 12 Xvl•• to the Ftnanclal Stat•m•ni• Ythir End•d 31•tJanuary 2022 Gwts in kin¢ ¢onated fordistribu¢w are Incllthy am reeA>grwa 08 tty•re d*trt*utod to trLe prolo¢18. Gifts d￿ated ar• ￿d￿J•d aob Donated facllith ¥r• at IMir to tr* ¢Xi8iAy Whe￿ Ihm un b•qvonW a thwd P4ty is beanrs thè coat. No arn￿1$ we wthl•d Mi th• fin￿¢41 •t•lw*ts for (hMl•d ¥c4unteers. C8piiai grants receNod ar• nétted ¢ff 89air4t r•lated eyndrtur•. r•l•tiw b11 co￿.19 pandemi¢ are rtuded as incern Brwj dodc*eO separn* ￿7 ￿ SOF Far le9a(i¢s, entiuement * deemed to bg tre ￿lfier01 the tharlty tary al an ry•rrf•Yd dolribub.on or the *acy b8tng recewed. In rsspect ot nobf*d tho rKwed rail• fijnds for ¢h•rty. Ineorrn is rgcerrfd in oxchaw for goods and #i ots to Invesbnert incom? ro wned thro￿jh hobJdW amets lor inwsbMI¢ PLYPOS￿ sharts and •r* rental incom• * recognmd as th• ¢haW¥ rw to I•¢•lW K•J*l•lt 0 {d} Exp•ndJtUrn rn¢4gnlllon All •xpw¥lit¥re ￿ account•d an 8¢%rua* WKI has been (amthd undw l*•drys that aggwat• costs lo the ca¢•gory. Ex￿￿1￿ure * fee￿ni￿d Ihgro o a or Cwstruthe obligatk)n w make paymérts lo ¢hird ￿r￿a$. it k% yobatlè Ihat Ihe S¢ll*mefttw￿l bè (•} SupporteO•ts alloca￿On support￿sts are those that assA51 Ihe *ryk of the ¢thawty tsrt4Jo noi d¥•¢ty r•p•sartch•rrt dir8cty in $upport of ￿￿en¢11￿￿ ￿ the obj.gas of th* Charty. Wljere SUP￿ costs ¢aThnol be d attnbuled lo particl￿ar headin9S tMI have be•n albatad lo expgrthffj on eharrfth on a bask8 w￿￿stent with u$¢ •f Ihe tE50urces. ￿mIn￿￿tra￿* cosls been dncty Fun&ra*ing costs ar8 incurRd m s•ekv¥ v¢Yunw conithiithm do nci tr* ¢0 of dL%sèminoling ￿lI￿rna￿On in $UPFQrt olthe thwrtable athvrt*s. Thè olthes• c￿1• is mduded in n¢Jte 8. lfj T•ngW• fix•d la￿$ T•ngth fLY8d asaets arn staled at cost lor d88rr*d ¢061) lus depreciatw v ¢•pabk ofweratsng as ￿ten￿o￿. O•wecaation is pmvth on all tsngth fixed assets. axtspt frpetr￿￿ prwty. at rales ea*L*d tOf*Tf thy thè co¥1. ks$ est'matèé re5wJyai v¥ue. ol gath asset on a SyS*T48tic basi8 •xpec*d •fvl lrfe as lollxry.. EqU￿rnert F￿aure$ and IO%. ￿ per amjm) baknr Comput•r8qu(prnent ICO% in ￿01 purchu• 25% straght B•thany Hvrrwltsad Nots• to the Financlal 8latsThnts YwEnd•d 31stJanuary 2022 13 191 Inv•8tm•nt propwll•• Inve81rnent properthes for￿1¢h valu• can b8 rnoasw￿ unaue ¢Mt or effort ar• measured at ftyir Val￿ at •ach repornng dats ¥1 iectgrwl rn'r*tgaWi￿lO•￿l1 on inv•strm8nts' in tt* SOF Ihl Ca•h at bank and in Iwid Ns these aceounts g¢ant ￿￿t•nt acces• to th• In4ieei. Ihgw jhcrt ièmi, ￿Ul1 have be•n indLtt1e4 in ¢a*J at bank Sn rathw than s•pira* dthdos9(1. {E> D•btorn and c¥•dltty• wK•fv•bl• I p•yabl• Twlthln on• Oebtorn and Gredrtors *ith no stytsd Int•re51 rat• and ra¢eN•t4• or payab* *thrn w• y•Arw• (i) Lo•N and bornMing• Sub5eqventty. thay are measLThY at aM￿t￿￿ ￿$( usry the effryth in¢ewt raw ff*itK*1. 1¥8 Thpain*nl. If an affar4ement a firwts tra￿¥￿￿)n m8asUrn¢ at present ¥9￿. Conce58Krynary bans ar8108ns from thKd par￿$ Wthich *• tree orbekxt rn8thetinlw•8t ral and are madè to aifvancè ¢hantst4è purposes. whe￿ the repay8t48t￿￿ift om yèar, Iho loan i% measured ai cost. less Im￿￿nt the * rgxyab* than ￿ >tar. it ki r8Mgnwd al tho amount t8c•Ned. ¢wryry amourt•Ll￿1mI in yaar• ts r•fio¢1 Ul Impathent A8s•ts not measured al lair value are revJeA*d fr*r any that thD 4M•t mty bg 0¢ •Kh balance sheet da*. 11 su¢h ndKal¥on extsts. rnco¥erabk ￿tyjnI ot It* •SseL ¢x th? ￿lerS ¢•sh gen8ratin9 unit. 15 estimate(l compar•d to th¢ ¢arwry arncvnL Vllwe t•Thyiry amount C•rri8d at 8 reval￿ wnountwhwt the k4$ * a deu•u•. Im) Pro¥l•lon• a￿ recognMeo Chawty has an oblwn althe b*fi￿ •heetd•ts a• • rns¢AI of• •nount rAn be reliabty •Stsmate Inl Lea R•nt?ks payable and iec•Nob* Imsts ore dw9éd SOFA on a ¥tr4iiht [#)• basls o￿Tthe period ol the •. (ol Employ•e b•n•fft• Th• ¢harity operatu a drfing¢J ¢￿trIbUtiOn schrrni b•r•ftd B•th•ny Homost•ad Notè* to th• Flnan¢lo18tat•rn•nts Y•*r Eryl•d 31¥tJanu•ry 2022 14 (pl T•x The ehArty rneets ts d•firrilioft ol• charitats• C￿ryI0r UK corpor011￿ Tax arO 0 Owelore onty ch8Wla lo Corpor3tw TL¥ rf IM fvrth are charit¥t* {ol Golng con¢•rn The financHI s¢al•monts hth* bven pr¥>w¢d ￿ agory coth>rn Ihe b•kn• th•t n? m•terial un¢¢rtainlkts wsi of5Lrfficieftt Sr￿ ¢1 gravty to thMa*n <¥￿￿t￿￿ ￿ the ChArity. Th8 trustees ha￿ censthred ts l¢vd olluThts hela exFec*d of •xpgnditure for the 12 rnonths from finwal *1￿1•￿ts. The expendibJr¢ * suffKienihrylh the I￿1 of reserltt charity to t• 8L4•to¢tyrfM u a concern. IFuther infornaiK¢n o given fft th• T￿*81 Annual Rap￿ll Incom• from dofvaiion8 and Iw¢ie• 20 rsonal d¢)n81tons (afts trom outsJd• or9af4sètiorr4 Le9aC Church suts¥c¥pl>)ns mèmory Chppel call•￿1 Gll •KI rtyyment 14.999 10.365 7.818 2.104 4.951 52,743 378 27,749 Ir*¢)rne from dtsiauorts and legacies was £52.74312021 . £27.7491 of ￿¥Ch. t41,17812021- £15.4801 was attri￿01* to ￿$tr￿d ar￿ £11.￿ IW21 . £12,269) WAS *JJl)utth to fvndl. In¢oTh from lo ¢over addittonal costs. induditY4 costy of18my)rary carn hornes sFe¢iftaty 9rant* hwo ts08n fflad• to eos*r Msts of Infectvn control. PPE pur¢hase. wuLornent purchaw and Covbj tsslry. The￿ also thè Job Retenlhx 5th￿ which paAI 80% ofwages far staff *tre ftJiWW, alttiw thi s of limitsd appltsban to care hornes where mosisiafl conb"r￿d to be eiyaged thoir ewting rokB. Sonè grants were Pa￿ without cor1d￿"on. and reqiirBd dayns ¥peat¢ •¥pendrturv. Th• main ca*oories ofgrnnts tec•Nth 4•rg'. Infection Gontrol Cowd tesb" £Z9.916 Wothforce Fu £24,436 St•ff furlough IJRSI £4,824 £5,707 B•th•Ay Hom•8tsad to th? Flnanclal Stst•ffl•Aty Ymr End•d 31stJanuary 2022 from eharflabh x*vlll•• C•r¢ hom• 1.263,902 17,752 4.737 1.iee.722 18.643 MoaLs Sundry ￿ce C¢tlJg•8 G•1, eknctricity artd wat*r rec4ipts 227,852 21.068 1,552.430 1,436.$16 Fundrawtw •v•nts Interest- deposts R•ntal 37 43 244 8.449 Inc￿0 lffjm was £8.387 12021- £8.449I d*t¥Gh £8.36712021 .£8.4431 lo Imrnstrthd 3r￿ t no (2021 . £fl was altrthulth lo restyK￿ AMly•i• of •xp•ndl¢urn on elwllabl• athll 2022 Care Home Colla9e6 1.218,952 178.991 1.395.943 199.488 1,416.440 81,077 260,068 565 1.676 508 •ttrti>utobk to vnrestrthd lunds. C•mparalh ftgurm torpvg¥lou• >vr 2021Totsl C•r• H¢Jn 1204,256 139.662 1.343.gf8 160.353 1,364.809 gJ.1CQ 229.771 250.482 1.594.380 £1.C69 ot th• above c¢sts to £1.Sffl.311 0ltr* M•1• th"b¥tabl• lo unrwr¢*d furth. a•th•ny Homo•ts•d 140ts• io th• Flnan¢lal ¥l•t•m• Y••r End•d 31•t J*fiu•ry 2022 Allo¢•tlon ol iuppgrt ￿•1• T•t•l kninstratNe staff, m￿￿)ance. utslilw Th"reet Go¥eman¢8 Incune Human wourw Iutwt G•n•ral m8nw*nt 153.rK8 71,W 224,972 10.829 17,088 14.267 rJ.111 199.488 2,819 Tolal 81.OTT 2021 ConN)•raOv• ffgurn• for prnvlou• y 8asls of alloution AOMKwtra￿• $t¥ff. mainknm. ¢t¢ 107.135 8.047 14.047 79.592 1,788 186.727 10.635 16.823 [¢￿T￿ support G•naral managernent InL> Audltofs rEmuneratD CQC Regislrabon lees Legal faes Support usts 5.279 $.28S 10 *A￿lt0￿¥ rnT￿n•T1tloft 20 F••s payablts to the £hariWs auditw fortr* ol tr* chanty¥ annual a¢￿un Th• tru*es dKI not ary •xpww8 rnwthJrn•d th•)w12Q1 . £NH) Ir4y p•rnonn•l dunNJ the )w totakd £71.243 [2021: £88.8831 17 Bthalry Home8ts8d Not•• to th• Finan¢lal Stat•m• Ymr End•d 31#tJanu•ry 2022 12 stsff Go¥ts and •mpbw• Ixn•fft• Thè average rnMlhty Awnbor ofompbJsw5 durir¥J as fclm." Nurnb•r ¥n￿b,.0 acti¥ths Management admin*•tion 71 78 1.ce3.385 1,C69.458 9,2n e4.511 17.411 R•dundanw casts Sod815gcurity Tr•Mg 6.014 1.154.995 1.165.511 13 Intsrntt pryyalJl• and *imilllr¢h•ry 20 B*rth owdr¥lts Conc•ssionary kians 2•1 291 B•th•ry Homestsid Not•• to th• FSnan¢knl Stst•m•nt• YMrEnthl 318t January 2022 14 T•n• flx•d lTrv••tffh•At L•Ad •nd Pllnt and FLx¢um •nrt Motor ropeth• buildin￿ mxhirwmy ffttlrt￿ whkl•• Totsl Cost orvalyalty)n'. At 1st February 2021 175.IXXJ 3.￿8. 17.685 298.051 1.861 10.frt¢ 4.407,392 Oknpom At 31srJanuary 2022 175.OCYI 17.685 297.912 10.C4)0 4.1￿￿.253 At 1st February 2W21 Charge for Ihe y8ar Etiminated on diwa At 31st Jenuary 2022 17.685 208.570 10.CO) rth,255 26.993 17,685 10.CiKJ Nèt book v81w". At 318t January 2022 175.C(K* 349 31•tJanuarv 2W21 uk1 baen h•J a58ets been car￿￿ urrt* Iho ￿lt rnodd. disclosur• ts not p￿sib* as the rwdluation r•sefy• arwe frwn Ih (rflr••hokl l•rkl •NJ fNlures and fitb.ngs in Ihe fmartsj slaternonis lor >wror#*xl 31 Jarwary I￿. Priorlo Ih&i expenditixe witten off in the y￿r in itwas incu￿. Ya no c￿1 data aval•bk tor th• d*closur•. uation al 5 Febrvary 2019 The valu¥bon was undertaken by A 80￿r. FRICS. The Cam Htyn? and t Cottages have l>een Ireaied as operat￿al PrOF*￿ and ha¥p val￿d 01£3.8X).CfA) on Il* b* ot ExiBt*n9 Use Value. The ProF¢rty * 4150 valued cffj tt* bo8ffj ol Extstrvj l)se Vak*. at £175.CKKI 15 D•bt•rn 61.7LYJ 16 Cr•dlloY*: Amounts talllng withln •n• y••r 202Z 20 Cmcessionary bar Bank (oan5 and overdra Creditorj and *crua Othertsx ar#1 50L¥al serA￿ty 155.949 15.218 170.941 14,711 171.187 185.852 Prwus Bank borrowjw was ¥ecured ty a 1st I•gal thwye on Ro*1 l•k• Qos•l and ils assocraw assets. In the year under revw has been no bank B•th•ry Hornestsad Notyo to th• F]nat)elal Ststwmnts Yur End•d Jl¥t January 2022 17 L•a••# Not latsr than yèar L•tsr than ¢n8 and notlathr th•rt fr* yea L•t•r Ihan years 20.112 37,047 20,112 57.159 57.159 77271 Cwab"TrJ 19￿ payn￿ty are rect*3niwJ as oxF•ilitiJre as tal Fund reconclll•fton 8alanc• at 1 Feb 2021 G•1 •1 31 I￿•••} J*n 2022 G•w¥l Fund R¢dhaus• R¢)w redo¥•Wwt Rwaluation ￿le1Ve 744.805 48.780 3.XQ.WJ 1.637.177 11m.8991 {1.IX)11 708.962 46,7 3.￿,993 4292.458 1.637.1TI 11.6718991 {l.Q)11 4.254,735 R••trICt￿ lund• B*l•nc8 •t 1 F•b 2021 eal•n¢• at31 Jan 2022 Chapel ma4itenarKe FI￿ndS of 8ethany Rtsjhouse Rthv r8dev•loprnent ¢pal Fund. Qoddntge R4 l Fur￿. n*w fvnd 12,936 2.105 11798 14301 1791 15,614 f7.1(¢ 10.( 11.999) 10.CLYI 8.738 41.178 IZ60PI 48,308 Fund dg8¢rlptitin• •} UnrnJthGted fund8 CorANJèraticn ofa prgect to rndevdop the RodhM• R(￿ propwtss has th• havg alkxat•J £50,CW from the recei¥ed from Mr F Garnett tow*ts thi¥. Reva*AtK>fb ReseN• fund- th18 has arnen frtyn the offr•th￿J atyj buthJThJ and fftkn'ng8 tn finan￿?1 Stat￿entS forts Jtat •nd&J 31 Januty 1995 *a v¥lu•kn ¥ubwu•rt bl Re8trici•d funds Chapd mainTrnanc&- tho ts a fvr#1 tw for tr• ofmamt￿.nW4 Chaw. start￿¥9 In 2012. £1.000 pqr annwn be tr¥thr¥d b) rt fram Gene￿ FWKI. d lor direct ehaibtstye purposes at tho dwetson of tre Fr*r*15 of wnfftrtteB. Both•ny H