SHIRLEY OLD PEOPLE'S WELFARE COMMIThEE
LIMITED
(a Company Limited by Guarantee)
Trustees. Report and Financial Statements
for the year ended 31 March 2022
Registered Company number 09364967
Registered Charity number 1160863
¥ABJ2XRU5"
A13
11233
COMPANIES HOUSE

Sbirley Old People's Welfate Committee Limit¢d
Financial Statements
for the year ended 31 MaTch 2022
Contents
Page
Report ofthe Tnjstees
34
Statement of Trustees. responsibifitles
Report of the Independent Examiner
io
Statement of Flnartcial Actf*7ties {incOrp(￿til￿an Income & EXwditU￿ Account)
li
12
SLltement of c35h flows
Principal Accountir* Polides
14-17
Notes to the finarwl ststements
*7-25

Shirley Old People's Welfare Comllllitee Limited
FiTwi¢iaL Statements
for the year ended 31 March 2022
Report of the Trustees
. The Tru5tee5 are pleased to present their annual Tntst￿ rewt together with the financial
statements of the chaTitable company for the year eNled 31 March 2022. whith are also prepared to
meet the requirements for a dirertorf report and accounts for Companie5 Act purposes.
The financial statements compty with tr￿ Chayities P£t 2011. the Cornpanies Art i(X%, the
Memorandum and Articles of Association. and Accounti￿ ar￿ Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Starxlard applicable in ihe UK and RepubfK of ITelarMJ IFRS1021 Iukmlated l January
2019}.
The main obiertive oftbe charity as set out in the Eoverning documenL 15 in the public benefrt.to
provide and maintain a cafe home forthe elderf. ￿ home 45 a Substantial building situated in its
own quiet grounds wilhin ￿asOnable walkin8 (ristan￿ of shopping amenities at Shirley. Solihull. West
Mldlands. The current number of residents who can be accommodated is twenty apd the principal
source of fvnding remains the fees paid by or on behalfof. the residents. The trustees are not only
COn￿rned with the fab￿ and sufft>undiry of the home but also in providing a.home from home.
environment for Its residen￿ This tan onty be athieved by the best efforts of the Manager and staff.
The charity 15 ft)rtunate that the 1￿me is staffed by a con5cientiDUs group of people who do their
most to deliver the.home from trK)me- enviroNnenL There ha¥* been no chan8e5 durin8 the year
in the main objective of the charity.
The board of.trustees have complied with the duty of the Charities Act 2011 to have due re8ard to
the Charity Commission's published general and ￿leVaTht sulFsertor guidance concernin8 the
operation of the Public Benefit requirement under that acL
12021- Paawch 2022
In common with many other organisations in the UK ourarti¥itRs and achievements for the year April
2021-Mèrch 2022 have continued to be severety fimiied by the worldwide Covid pandem•c. LockdowTr
tontinued until well into the Spring 2022. by whith time we were able to open again to a limited
numberofviytors all of wlx)m had to be teAed to sh(Mf tly were nol infectiOU5 before being
allowed in. Thanks to the Vigilan￿ of our Manager and her Staff. Ell￿beth House remained free of
infection.

Shirley Old P￿p]e'S we￿ cornn￿tte¢ LimiteAI
Financial StatemeDts
for the year ended 31 March 2022
Report of the trustees (continued)
As everyone in the country had been asked to stay at home. the management committee was unable
to rneet in person so the monthly meetings were conducted virtually using Zoom or Skype until
October 2021 when circumstances had a￿ered and it was considered safe to meet in person. Since
Ihat time. the committee ha5 met face to face. There have also been quarterty meetings with our
accountant to d1Xu￿ the financial and b(￿etsry aspects of funning the 1￿me to ensure we have an
efflcient operation
We currently have six voluntary tntstees, Mr Paul ftyer and Mts Sheela8h Lwwere wekomed to the
commrttee in knuary 2022.
Although extemal activities and entertainrnents forour residents were unable to take pla￿ due to
the pandemic. our in-IM)use activit￿ Co-ordinator and other staff members arranged stimulatin8 and
entertaining sessions on a daity basts forthem but sadly. families were unable to attend.
The *itchen instsllati(>n whith had to be mwned due to hxkth)wm. ￿0s finalty completed in
Septernber 2021.
Havlng obtsined the necessary planniTrd pemiissMM for 1mprob*￿￿nts to the dining room. loft space
and frontsge, from S.M.8.L. the local council. work to improve and extend the dining room was
ompleted in Ortober 2021. As many ofour residents now have mobility issues and need to use
walking frames or wheethirs. the extsa spKe afforded by the extension has improved the safety
and comfort for everyone.
The farnity of one of our ￿sIdentS offered to W￿lde a ￿rdeTr buildi￿. Afterdis¢u55ion it was
decided to buy a wooden "dwletr with added storage rooffl to the side. Thiswas dufy installed and
water and electricitywill be added. It Is hoped that the residents. families and friends will make good
Use of this very pleasant extra 5p* in ourattracti¥t gardens.
£￿er the last year we have been able to cary maintenance to Elizabeth House. both internal and
external.
Many rooms and public areas of the home have been redecorated and bed￿￿￿5 have been refrtted I
improved a5 tly have become available.
Two large trees b￿re felled in our8rounds as our in￿￿r5 fett tly wefe detrimentsl to the safety of
the building.The local (ounol. WIK) OWTr the land adjacent to ours. also examined. trimmed and
treated other trees near to dizabeth House. whith tly cottsidefed to be in need of wor
In April 2021. the owr*rof a buildirvd whose landioins th* of Elizabeth House, erected a brick
building. without planning consent whith severety restricted the outh)ok from several of our
bedroorns. A5 a committee we brought the councifs attention to the Work and after many month5 of
appeals. in Ortober 2021. the buildi￿ was demolished.

Sbirlry Ojd People's Welfare CoLnmiltee Limi￿1
Financial Statements
for the year ended 31 March 2022
Report of the trustees (continued)
The trustee5 have undertaken an org01￿ progrnmme to improve ow marketin& Websi￿ and bid-
writing. A mayketing experL a welMite designer and a bi&writer have beefi working with us.
Unfortunately. due to tP* age of our residents. we (msionally have empty rooms and due to Covid,
we have been unable to fill them. howeveras the paThlemic ease& hope to xhleve maximum
ottupancy in the foreseeable future.
Thanks to the contlnvation of fi￿n¢la1 ¢ontrots and constsnt Monitori￿ of them. 8i¥en the very
difficult tradi￿ situation overthis 12 month peri(￿. we have had a 5atisfartory year.
Income for the 2021122 financial year amounted to £781.387 12020121: £759.712) which the
Trustees have conduded is a positive result given that the home was underoccupied for much of
the year. This was in part a result of general cOn￿r￿S from guardians and familie5 around putting
their loved ones into a care home shortty after the peak of the Cov+d-19 pandemic.
Income from residen￿ fee5 increased from £674.177 last year to £684.120 in this reporting period.
However. this does not consider difficult decisions that had to be made to increase room rental to
rellect ihe spiraling costs of utilities as well a5 the increase in the national minimum wage. When
considering thi5. there was feal temis dedine in occu￿Tr￿ and therefore residents. fees year on
year whith isn't necessarity reflerted in these f￿￿￿s.
There is no doubt ihat thi5 yearfs financial perfOrnIan￿ would not have been as positive without
having received Covid-19 grants from the local 3￿hority. Solihull Metropolitan Borough Council.
as well as genefOUS grants and donatton5 from Charitable Trusts that have enabled us to improve
the home and its facilities for residents. Totsl grants and donation5 receNed this year amount to
£97,25412020121". £85.498).
Expenditure forthe yearamouTrted to £749,85312020:21: £764.8841. Notable expenditure includes
staffing costs of £548.467 and premises costs totalin8 £40.013. A full breakdown of expenditu￿ is
induded on pa8es 18 and 19 of these accounts.
At the end of the financial year. reserwes I￿reased to £382.273 (2021121". £350.739}. Thi5 is mainly
as a result of capital experKliture incurred throu8hout the year amountine to £75.242 10 improve
the home including the extension of the dining rt)om & a new kitchen.
RESERVES POUCY
It is the policy of the Charity to nmintain separate resep4e fvnds for specific purposes. Tangible fixed
assets. whith indude the freehold property. futures. fittingsand equipment. amount to £198.545 and
are not regarded as part of the reser¥es available for di5tributK>n. The general reserve is maintsined

Shirley Old People's We]fare Commitke Limited
FinaD¢ia] Statements
for the y&qr ended 31 March 2(T22
Report of the trustees (continued)
to match finaTr¢ial commitments and overheads to cover fluctuations in income during the
year. which provides a ltherfor unintemjpted ser¥Ke
Asat 31 March 2022 free reserves. bel￿ un-restritted funds less fixed a55ets. arnounted to £173.242
12021122: £187,054). It s theTntstees' poliry to maintain free reserves equivalent to between 3 and
6 monthscore running costs which amotsntsto arouftd £5Sk per month or £330k for 6 months. which
is within the agreed policy.
With Covid and most of the problem5 it I￿0￿. hoFthIlty behlnd us. life at Elizabeth House has
slowly been returnlne to Mrn￿1. Free v•sitif% is now wekoff* with resKlentsddW>ted to be able to
See their familie5 more often.
Our Artivities Co-ordinator has continued to maintsin a full prograrnrne of artr¥itses for ow Tesidents
who ￿ve been enioying art. MUSK. movement each aftemoon. The ever-N)pular visits by children
from the nearby NurserySdMx>l have resumed to e¥try0￿.5 pleasure. youn8 and old realty enjoy
each othees company.
The Friends of Elizabeth House have also been able to resyn* their fwdTaiSin& the resultsof which
go towards paying for the weekly vistts of Pfofessional entertainers. to local atirartions such as
garden centres. farnis and to pubs for the occasio￿1 lunch. There have even been ¥iSbts from alpacas
and ponres in the Ioufv.
The trustees have Wofked alongside a bid writer to try to raise funding for larger projects wsthin the
home. The new professional kitchen was finalty instslled in June 2021 after delays brought on ty
Covid and is now fully operational and efforts to raise mowi to extend the din•r¢ room be8an.
Thanks to very genemus grnnts from a local trust fvnd a￿1 SMBQ the dining room is now large
enough to easily accommodate our residents and aTrygue5ts safely.
Funds have a150 been raised to pay for a much improved ar￿ extended entrance area to the home
which i5 nearing aMnpletion.The new roL¥n can be used as a comfortable reception / meeting area
and overflow area from the main lounge and thanks io the creation of a large double width door
be￿een the new area and difti￿ room it can be made into a very large Sp￿ for entertaim￿Dts.
attivittes. Christmas parties etc.
Thoughts have now tumed to the next large projects essential io keepire ElIzal￿th House
comfortable and safe for (wr ressdents and staff. The tntstees have decided that the present
residenf s lounge is now too small for their comfort and safety and needs to be extended. Plans are
undenvay to consult an architert to draw up plans prts)r to submission to the lot31 planTrir
department for appro¥al. The bid wriler has begun to forniulate the r￿￿SSary wording and amass a
list of possible donots to ask forfinancial help. it is hoped that may be able to commence within
the Trext 12 months.
An account has also tjeen set up with Just Giving to try to Taise fur￿lT* for Thller projects that the
truslees would fike to complete, a stairfrft to take resKlents to the first floor. new blinds and curtains
and new thermostatic ¥afves ITMVSI on all radiators to try to reduce our fuel usage.

Shirley Old People's Welfare Committee Limilcd
Financial Statements
for the year ended 31 March 2022
Report of the trustees (continued)
As a not-for-profrt charity. Elizabeth House is reliant on generosity and kindness of outside trusts
and fund raisers to be able to maintain standards within the home ar￿ the tn￿[eeS are very aware of
the debtof gratitude owed to these generous benefrJctors.
STRucfuRE. GOVERNANCE AND MANAGEMErir
The Charitable Company is 8ovemed by its Memofandum and Articles of Association.
The charity was incorporated on 22 December 2014 and was registered a5 a charity on 12 March
2015.
Recrultment and app￿￿￿￿￿ of tntstees
New Tntstees are retruited at the invitation of the current trustees and are appointed as Trustees
when such appointment ha5 been approved by exisling Trustees. No limit is placed upon the period
f trusteeship once a trustee has been appointed. The charity is actively seeking to recruit new
trustees.
Indurtion and tAinin8 of new trustees
providedwith all necessary informatM)n which wiwenatrfethem to woperfyfithll tlw rdea5tru5tee>
The activitiesof the tharity are steered by the board of trustees and executed and administefed by the
Senior management team. RegulaT meetires take plxe between the key management personnel and
the Trustee board which are officiallv min￿ed and rrf(wded confidentially on file.
Arra￿Mentsforsettln8 payforkeymanagement personnelare made bytheTrustee board and whe
necessary with the professional support and recommendation of HRtonsultants. Annual benchmaTking
is used to help deten￿1￿ decisions being made in rel)t•on to all staff remuneration.

Shirley Old People's Welfare Committee Limited
Financial Statements
for the Year ended 31 March 2022
Report of the trustees (continued)
REFERENCE ANDADMINisfRATIVE INFORMA7K
Registered name:
'Shirley Old People's Welfare Committee iimiterf is the name under which the charity 15 regIste￿d.
although tt t5 known locally a5'Elizabeth House..
Rezistered Company Nml
09364967
1160863
T￿￿ee5/01rertor￿.
G R Ward.
FEWard
C D McNidder
MAMO
SM [￿er (appointed 11 January 20221
RP Dyer (appointed 11 January 2022)
Joanne aarke-care Home Manage
Natasha Grinnell- Deputy Care Home ma￿ger
Registered Office:
Elizabeth House
77 Elizabeth Grove
West Midlands
690 38X
Independent Examlner.
Karen Hanlan Independent
Examiner Lirnited
I Saracen Close
Ettington
CV37 7SZ
Uoyd5 Bank Pk
PO 8ox l(MJ)
At)dover
8XIILT
Approved by the Board and signed on its behalf ty:
Carol McNidder
Treosurer
Oate: 16 December 2022

Shirley Old People's Welfare Committee Limited
Finaticial SL4tements
for the year ended 31 March 2022
Statement of Trustees, responsibilltles
The Trustees are required to prepare financial ststements for each financial year which give a true and
fair view of the stste of the affairs of the charitsble company and of the surplus or deficil incurred by
the charitable company forthat year. In preparing those financial ststements the trustees are required
to=
select suitsbje accowiting policies and then appty them consistentlw,
make judgments and estimates that are reasonable and pnthnt:
state whether applitable UK account•ng standards have been followed. subject to any materia
departures disclosed and explained in the accounts: and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the char¥tsble Company will continue to exist.
The Trustees have overdll responsibility for ensuring thai the chafitsble company has an appropriate
system of controls. financial and otherwise.
The Tnjstees are responsible for keeping proper accounting records which disclose with ￿aSOnable
accuracy, at any time. the financial position of the tharitable company and to enable them to ensure
that the financial statements compty with the Companies Act 21X)6. are al￿ responsible for
safeguarding the a$5ets of the charitable company and hence for taking rea50nabJe steps for the
P￿ventIon and detertion of fvaud and other irregularitie5.

Shirley Old Pcoplc's Welfate Committee Limited
Financ?ai Statements
for the year ended 31 March 2022
Inde
Wel
endent Examinerfs Report to the Trustees of Shirfey Old People's
re Committee (*he CompanV)
I report to the chafity tru5tee5 on my e¥amination of ihe accwnts of the Company for tl* year ended 31 Marth
2022 which are set otrt on pages 11 to 25.
' ResponsllAlltles and l)as15 of report
As the charity tDJstee5 of the Company {and also its dirertows for the Pufposes of company lawl you are
responsible for the p￿paratIOn of the accounts in ac¢ordance with the requirements of the Companles Act 21116
I'the 2(1)6 ACVI.
Ha¥in8 Satisfied myself that the a¢¢ounts of the Company are not required to be audited under Part 16 of the
2(VJ6 Ad and are eligible for independent examination. I report in respect of my examination of your thaT1￿S
atcounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Acfl. In carrying out my
examlnation I have followed the Dlrections 8r¥en by the Owity C(ffin￿lQn under sedirn 14%5Kbl of the 2011
Since the Cornpanrfs gros5 bncorne emteeded £250.(MXI your examinw must be a member of a body listed in
seciion 145 of the 2011 Art. I confirm that l arn qualified to undertake the examination because l am a member
tsf the Institute of Chartered Accountsnts fin England and Wales. whtch 15 one ofthe listed bodies.
I have tompleted my exarnination. I conffim) that no matters come to my attention in con1￿ction with the
examination glving me cause to I￿lie¥e..
11 accounting records were not kept In respect of the C(xnpanyas required bysection 386 ofthe 2(106Art;
or
21 the accounts do not%COTd with those rettyds". or
31 the ac¢ounts do not complywilhthe a¢¢ounlrt r￿u￿ements0fsecl1on 396 ofthe 2LIJ6Aci otherthan
ary requirement th* the accounts live a 'true * faÈr vie4 vthith is not a matter considered as part
of an Independent examrftation. or
41 t*ke actounts hab* not been prewed in accOrdar•￿ with the meth¢￿$ and princ*s ofthe Statement
of Recommended Practice for accountirv4 arvj reporti1￿ by d￿rTIleS applicable to tharrties preparing
theiraccounts in ac£ordan￿ with the Financial Reportir*5tsndard applloblein the UX and Republic of
Ireland (FKS1021.
I have r)0 cor￿M$ and h￿e come atyoss mattW5 in conneW with ihe ex•ninailL￿ to whkh attentlon
should be drawn in this report in ¢)rder to enable a proper unde¥standiNd of the accounts to be reached.
Karen Hanlan,
Member of Institute of thartered Ac¢ountsnts En8land & WalEs
Karen Hanlan Independent Examiner Ltd
I Sara¢en Close
Ettington
CV37 7SZ
Date:1611212022
io

Shirley Old People's Welfare Committee Limited
Financial Statements
the year ended 31 Marth 2022
Statement of Financial Activities (Includin8 an income & expenditure account)
Total
nds
2021
funds
funds
2022
funds
2022
Donations and le8acies
Charitable activities
Investments
11.022
684.120
13
86232
97254
85.498
WI.120 674.177
37
Total Income
695J55 86232 781,387 759,712
Expendliure ￿.
Raising funds
Charitable activities
17,679
705.824
I7￿79
732J74
18,073
746.811
26.350
Total eX￿￿li￿re
n3.503 26350 749A53 764
Net galns on invest￿Trts
Netlexpendituvev Inc(•me and net
ffl¢)vement in funds
Transfer ol fun&
Recontlliatlon of fvnd>"
5,650
(28,3481
59
68.646 {68.646)
31S34
478
Total funds brought forward
li
331.489
19.250
350.739
350.261
Total funds carried lornavd
371.787
IOM6 382273 350.739
All income and expenditure derives from continUi￿d activities. The ststement of finantial artivities
includes all yin5 and105ses reco8nised in the year.
li

Shirley Old People's Welfate Committre Limited
Financial Statements
for the year ended 31 March 2022
2022
2021
Balance sheet
Tangible assets
198Y5
144.435
Debtors
Cash at bank and in hand
31556
210m2
241578
40.786
225.598
266,384
Currert Llabilttles
Creditors: 3mount5 falling due within one year
(57.850)
160.080)
Net current assets
206.304
Total assets less current Ilabilhles
382273
350,739
382273
350,739
Fund5 of the Charity:
Restrirted Funds
Un￿strirted funds
Total charity funds
io
io
IOA86
371.n7
382273
19.250
331.489
350.739
Reglstered C+)fflpany rwrnber". 09364967
The accompanwr¥accounting ￿1CleS3nd notesfonn partof these $￿terneD
For the ye¥ ended 31 March 2022 ts ojrnpany wasentitkd to exemptm from aud* under 5ectw)n 477 of the Comp3n*s
t 2006 ￿1*in8 to sffl￿ companles.
lal The memt%r5 have required the tharitsble comparry to obtaln an audtt of 6ts financkl ststements for the year In
question inaccorda•cewith section476of the com￿￿*$Act 2(#)6-h)w*or. inaccordarKewith se(￿n I450f￿ Charilies
. Art 2011 t￿fi￿)Kill sMements been exaftNred tyan indew#kntexamlrnrt*kne re￿1 appearson p38e 10.
Ibl The directorsltru5tee5 a(kr￿e thetr re5W)h5it#lity lor compfylry T￿ the wiireffents of the Coryarie5 Act wtth
respect to ?ccounting recordsand the prepaTrtion of ac£￿ftt
Approved bythe Trus¢eesand gEned on their beha¥ br.
Carol Mc Nidder.
Oate.. 1611212022
12

Shirley Old People's Welfare Committee Lin)itcd
Finall¢ial Statements
for the year ended 31 MaTch 2(Y22
Statement of Cash Flows
2021
Cash flows from operntlng actlvltles:
Cash generated from operations
59.653
10.310
Net cash provided by operatiNd activities
s9￿3
10,310
Purchase of tangible r￿d assets
Proceeds from sale of r￿ed asset investments
Interest received
175,24Z)
{9.988}
61.510
37
13
Net cash lusedl/gained by investin8 attivit*s
175.229)
51.559
Change in cash and ash eguivalents in the year
115.5761
61,869
Cash and cash equivalents at beginning of the year
225,598
163.729
Cash and ash equlvaleftts at end of the yeaT
210,021
125.598
Reconciliation of net income to net tash flow from operating artivities
2021
Net ificome for the year (as perthe Stateffl￿ of Knancial P£ti¥itses)
Adjustments for.
Depreciation charges
Gains on investments
L055 on disposal of fixed assets
Interest received
Decrease/llncrease) in debtors
{Decreasel/lncrease in creditofs
31￿
478
14,641
15.650)
113)
(371
9230 127.670)
{2230)
27.558
Net osh provlded by operatlng actl¥ltl
S9￿53
10.310
13

Shirley Old People's Welfare Committee Limited
Financi81 Slalements
for the year ended 31 March 2022
Principal accounting policies
The principal accountiThJ policies adopted. 1tyn￿ntsand key sourosof estimation unortainty in the
preparation of the financial statements are a5 foll
Ststus of the company
The charhable company Is limlred by guarantee and does not have shafe capitsl. The liability of
members is limited to £1 per rnember. Any surplus on winding up is to be donated to a charity whose
objerts a￿ of a similar ftaiure.
Basis of preparati(•n
The financial statements have been prepared in accordan￿ wlth Accouftting and Reporting by
Chaiities: Statement of ftecornrnended PrartKe applicable to charit*5 preparir¥d their account5 ifi
accordance with the Finanual Reporting Standard applicable in the UK a￿1 Republic of Ireland IFRS1021
(updated l J?nuary 2019)- (Charities SORP IFR51021). the financial Reyting Standard applKable STr
the UK and Republic or Ireland {FR51021 and the Companie5 Act 2(J)6.
Shirley Old People's Welfare Committee Limited meets the definition of a public benefit entity under
FRS102. Assets and liabli ities are initially recognised at histoital cost or transartion value unless
otherwise stated in the relevant accounting policy notel5)-
Going ¢oncern
The financial statements have been prepared on a goire corKem basis whith assumes that the
Charitable Company will continue to operate. The validity of thss assumption is dependent upon
occupa￿/ levels remalning high and on donations and grants towards Specif￿ projects. The Charitable
Companrfs current budget shows that it will be abk to operate in the foreseeable future. Based on
this understandi￿. the directors believe that it rernains appropriate to prepare the financlal
"statements on a going con￿rn bas•& The financial sratements do not include any adjustments. which
would resutt from the basis of preparation being inappropriate.
Funds
General accumulated funds are unrests1rt￿ fvnds Wdllable for Be￿rdI purposes and include fund5
designated fof a particular purpose" the use of such funds rema•ns at the discretion of the trustee&
Restflcted fundsarefundssubiert to Condit￿nS imposed bythedonororby s￿￿tern￿Of the appeal
. under which the funds are raised. The restrictive conditions are birrfliTrg upon the Charitable Company.
Funds raised for the purchase of capitsl items are transfeffed to unrestricted fund5 once the item5 have
been purchased, provided the donor has not placed fvrthef restritttons over the use of the assets
concerned.
14

Shirley Old People's Welfate Committce Limited
Financial Statements
for the year ¢nd¢d 31 March 2022
Principal accountlng policies (continued)
Income rewnition polldes
Itern5 of income are recognised and included in the accounts when all of the following uiteria are met:
The charity has entitlement to the funds:
any perfoimancecondit#>nsattached to the itefflls) of Income have been Met orare fultywlthln
the control of the thaiity.
there 15 sufficient certainty that receipt of the income is consKlered probable: and
the amount can be measured reliably.
For legacies. entitlement 15 taken as the earfier ofr.
the date on whtch the chafity is aware that probate has been granted:
the estate has been finalised and notifKation has been made by the exec￿Or{s) to the Trust
that a distribution will be made: or
when a distribution is reoived from the estste.
Receipt of a legaoi. in whole or in part. is only considered probable when the amount can be measured
reliabty and the charity has been Mtified of the executorfs intention to make a distribution. Where
legaoes have been notified to the charity. Of the charity is aware of the gfanting of probate, and the
critefia for incorne recognition have not been met. then the 1￿cY is a treated as a tontingent asset
and dixlosed if material.
Intorne received ITr advance of provision of a specified service is deferred until the Criteria for income
recognition are met.
Donated services or facilities are recogTrised as i1￿ the charity has control 0￿r the item, any
ionditions a550Ciated with the donated item have been met. the receipt of econornic benefrt from the
use by the charity of tl* item is probable and that economic benefrt can be measured reliably. On
receipL donated services and facilities are recognised on the basis of the value of the gift to the charity
which is the amount the charity would have been willing to pay to obtsin servites or
Facilities of equivalent economic benefst on the open market: a corresponding amount is then
recogni5ed in expenditure in the pemd of receipt.
No amounts are included in the statement of f•nancial activit￿ lorservices donated by volunteers.
Interest on funds held on deposit are induded when T￿1Vable and the amount can be measured
reliably by the Charity, this is nornially upon notification by the bank of investment manager.
15

Shirley Old People's Welfare Committee Limited
for the year ended 31 March 2022
Principal a¢countSn8 pollcles (continued)
Expendfture and irrecowrable VAT
Expenditure is recognised On￿ there is a legal or con5trutti¥e obligation to make a payment to a third
party, it is probable that settlement will be requited and the amount of the obligation tan be measured
reliably. Expenditure is classified under the following activity headings:
Costs of raising fvnds cornprise fees paid to professN)nal fundraisers along wilh staff costs
associated wtth making funding applicatiOTrS.
Expenditure on charitsbte activities indudes the costs of running the care IK)me and its
activitie5 undertaken to further the pu￿ of the dwrity and their as9xiated support and
goverTrance costs.
Irrecoverable VAT is charged as a cost against the actilfity for which the expenditure was incurred.
Ta￿•ble r￿ed assets
Depreciation is provided on all assets except for land at a rate calculated to write off the c05t of tl
assets as follows:
Freehold Property
Fixtures. frttings and equipment
2.5% reducing balarfe
IO% reduc1￿ balance
Fixed assets a￿ capitslised when their (osts exceeds £5￿.
Investments were professionalty valued prior to disposal and were induded in the accounts at their
market value. Real￿ed and unrealised gains or losses on investment a55ets as recognised in the
Statement of Financial Activity-
DebtOTS
Trade and other debt0￿ are recognised at the settIen￿nIa￿Yrt due afteranytrade discountoffered.
Pfepayments are valued at the amount prepaid after tsking account of any trade discounts due.
Cash at bank and In hand
Cash at bank and cash in hand indude5 (ash and short terni hehty liquid investments with a short.
maturity of three months Of less from the date of acquisition or opening of the deposit or similar
accounL
Credltors and provls
Creditotsand prov•sIonsa￿ recognised the charity hasa present obl￿allOn resultingfrom a past
event that will probably result in ihe trnnsfer of fvnd5 to a third party and the arnount due to settle the
obligation can be measured Of estimated reliably. Creditors and provisions are normally reco8nised at
their settlement amount after allowing for any trade discounts due.
16

Shirley Old People's Welfa¥e Comnjittee Limited
Financial Ststements
foT the year ended 31 Mar¢h 2022
Principal attounting polkles (continued)
Taxailon
a registered charity no provision is considered ne￿SSary for taxation.
The charitable company opefates a defined contribution pension scheme and new employees are
able to join the scheme operated by Nest. The assets of the schemes are held separatelyfrom those
of the charitable Company in independentty admiftistered funds.
The pensions cost tharge
rep￿sents contributions payable by the c￿ritable company.
Notes to the finanaal ststements
l. Donation5 and lryKie5
2022
2021
un￿strICted donations:
Donations
General granls from SMBC for Covid support
Furlough grant receipts
10008
2.531
14,882
614
11,022
25.461
Restricted donations and gfants:
Grants from Charitable Foundations
Infection Contml Fund Grants from SMBC
Rapid Testing Fund grants from SMBC
workfo￿ Recruitment & Retent￿n grant from SMBC
35.(XYO
12,305
27589
11.338
86232 60X)37
15.250
36.287
8.500
Total donath>ns & legaaes
97254
85.498
2. Charitable adbvllles
2021
Residents fees
684.120 674,177
3. Investm¢nts
2022
2021
Bank interest
37
17

Shirley Old People's Welfare Committee Limited
Financial Statements
for the year ended 31 March 2iJ22
Notes to the finanaal statements (contlnuedl
4. Expendlture
Unrestricted Restricted
funds
fund5
Total
Rolslngfvth..
Professional fees
Staff costs
1.225
16.454
17.679
1,225
16N54
17.679
Chorltoble •rtivitie&"
Staff costs
Staff Gift Vouchers
A8ency staff
Premises costs
Repairs & Maintenan
cleanin￿laundry
Provish)ns
Landscaping & Gardening
Staff training & unifomis
Staff travel
DBSIRegistration fees
Depreciation
Office costs
523.513
8.5(X) 531013
1.550
I￿50
6,469 25,632
40m3
10?75
2.984 32￿58
24.IZ6
I￿7
193
2.390
6.654 I1￿
2A93
18.646
ZZ.108
19.163
40.013
10,375
29.074
24.126
1.837
2.197
4.910
2,893
18,646
22.108
ie8al and professional fees
Independent E¥aminerfs fee linduding £250 for
accounting services)
2,07S
705,824
2.075
26.350 732.174
18

Sbirley Old P￿ple'S Welfare Commitr Limited
FinaDcAai Statem¢nts
for the year ended 31 Mareh 2￿22
Notes to the financlal ststements (continued)
Unrestiicted Restricted
funds
funds
2021
Total
Rotslngfvnds..
Professional fees
Staff tosts
17233
18,073
17233
18.073
Staff costs
gency staff
Premises costs
Repairs & MaintenarKe
Cleaningllaundry
Provisions
Landscaping & Gardening
Staff training & unrfornis
Staff trdyel
Registration fees
Depreciation
Office costs
548.953
22.113
35.112
8,267
557.220
22,113
35.112
30.351
23.083
1.501
30.351
23,083
1.501
9.374
12,102
21.476
14.641
19.636
14,641
19.636
Legal and professional fees
Independent Examinerfs fee {4ndudirvd £250 for
accounting seNices}
6,851
6,851
2.075
726.442
2.075
746,811
20,369
202Z
2021
Wages and salaries
NatK)nal Insurance
Pension costs
520.057 540,083
11￿50
25,738
8.632
548A67
574.453
No employee recehed remunefatiofi in eX￿S of £&),LXX) per annum.
19

Shirley Old People's Welfare CoDunittee LiDJited
Financial StateJDcnts
for the year ended 31 MaTth 2022
Notes to the financial statements (Cl￿tinued)
The key management pefsonnel of the tharity comprise the tTustee5. the manager & deputy manager.
Trustees receive no remuneration or other benefrt5 from the chaTity. Tr remuneration of key
management personnel for the year. including pension cOntribut￿n$. was £57.373 {2021'. £58,593).
No Trnstee received any remunefation or feimbursed expenses in relation to their role as Trustee to
the organisation.
The average number of peTh)ns empw tythe charitsble compary during the year was 4012021:
37)
& Tan8lble flxed a55ets
FunmtY￿.
Freehold
fittings &
prnperty equlpmtnt
Total
At beginninE of year
Additions
Disposals
19.157
24.514
188.787
50.728
{4.3161
207.944
75.242
14.3161
At end of year
43.671
235.199
281.870
Depreciatlon
At beginning of year
0isP05a
Charge forthe year
2.693
60.816
11.830)
17.622
63.$09
11.8301
18,646
1.024
At end of year
Net Book Value
3.717
76.608
80?25
At 31 Ma￿h Z022
39.954
158.591
198.545
At 31 March 2021
16.464
127.971
144.435
20

Shirley Old People's Welfare Conunittee Limikd
foT the year ended 31 March 2022
Notes to the flnanaal sLitements (continued)
2022
2021
Market value at beginning of year
Sales proceeds from disposals
Net gains/llosses) in yearlto disposal
55.860
{61,5101
5,650
Market value at end of ye
Historic cost al end of year
8. Debtors
2021
Trade debtors
Other debtor5 and prepayments
29,618
1.938
31￿56
23,779
17.007
40.786
9. Credltors: am¢wnts falKry due withlTr one y
20ZZ
2021
TTrde creditors
Deferred income- ad¥ano fees
Socral security and otherlaxes
Accruals
6.173
26A79
12,189
12,609
57
9.425
25,315
12,153
13,187
60,080
21

Shirley Old People's Welfare Cornn￿tte£ Limited
Financial SLqtements
for the year ended 3l March 2022
Notes to the finanaal statements (continued)
io. M¢)wnent In funds
At
Iylnnl
At end
of year Income Expendlture Transfers of year
2022
Grants towards new kitchen
Grants towords dining room
extension..
-8aron Davenport Trust
-Solihull Metropolitsn BC
Grant from SM8C Infection
Control Fund
Grants from SMBC Rapld
Testin8 Fund
GTrnts from SMBC
Recfuitmeni & Retention Fund
Total restricted funds
19.250
119,250)
(4.5141
(20.(XK)I
iOA86
20,(
12.305
112.3051
27589
(2,984) 124.6051
11.338
19.250 86.232
Ill.(￿1}
(2771
126.3501 168,646)
10.486
Unrestricted funds:
General funds
331.489 695.155
(723.5031
68 646 371.787
Totsl fvnds
(749A53)
382,273
Restricted funding has been raised towafds the costs of the kitchen refurbishment which was delayed
due to Covid-19 and has taken place in June 2021.
Funding was raised for an extenwn to the dinire room which cOm￿￿nCed in May 2021, works on this
continue into the 2022-23 financial year and are experted to conclude by the end of 2022.
Transfers in relation to the kitchen &dining room relate toa55et purtha5edwhich have beencapitalized
in accordance with standard accounti￿ poliry.
Transfers in Telation lo the Covi&19 grants relates to support lo￿ income due to keepin8 fooms
free fo.r staff accommodation. testing & visitor Pufposes.

Shirky Old People's Welfare Comllllttee Limited
Financial Statements
for the year ended 31 March 2022
Notes to the financial statements (contlnued)
Balan
At end
beglnniryl
Gains 4Jn
2021
Grimmitt Tntst
W A Cadbury Charitable Trnst
Richard Cadbury Trust
Roger & l)ouglas Tumer Trv5t
29th May 1961 Charitable
Trust
Baron Davenport Trust
WA Cadbury Cluritable Trust
Bernard Piggot Trust
soo
i.￿0
2,000
6,000
1,000
750
19250
750
4.(XXI 15.250
Grant from SM8C Infect￿n
Control Fund
Grants from SM8C Ropid
Testing Fund
Total restricted funds
36.287
118.098}
118.189)
12.271}
(20.369)
16.229)
(24.418}
4.(XK) 60.037
19.250
General funds
346.261 699.675
(744.5151
5.650
24A18 331A89
Totsl fvnds
350261 759.711
1764.884)
5,650
350.739
23

Shirley Old People's Welfare Committee Limited
Financial Statements
for the year ended 31 March 2022
Notes to the financial statements (contlnued)
Restricted un.restricted
funds
nds
Totsl
Fixed assets
Current assets
Current liabilities
Total funds
198.545 198.545
231.092 2415n
157.850) (S7￿0)
371.787 382273
10.486
10.486
Restricted Un-restrl￿ed
nds
funds
2021
Fixed assets
CurreTrt assets
Current liabilities
Total funds
144.435 144A35
247.134 266384
{60.080) (60.080)
331.489 350.739
19.250
19.250
The total future minimum lease payments uThJer noTr
ncellable operating leases are as follows:
Expiring:
Within one ye4r
Betr4een two and five years
In more.than fNe years
2022
2021
69.523
81.792
13. C41ntrollinc Interests
The charity is controlled by the I￿￿t
14. Related hrtyTransait
There weie no transactions with related parties durin8 the year {2021: None).
24

Sbirley Old People's Welfate Collmyttee Limited
for the year c[￿ed 31 March 2022
Notes to the flnanclal statements (continued)
15. C¢xnparati¥e Statemert of FlnaMi* for 2021
Income from:
funds
funds f(rtal fvnds
Donations and legacies
Charitable activities
irtvestrnents
25.461
674.177
37
60.037
674.177
37
T¢)tal income
699,675
60￿17
759.712
Expendlture on:
Raising funds
Charitable activit
18.073
726.442
073
20.369
746￿11
Total expenditure
744515
ZO?69
764W4
Net gains on investments
Net (expendlture)IlrKome and net
movemeni In funds
Trnnsfets betwetn fvNIs
5,650
{39.￿1
2UI8
478
124A181
Reconciliation of fund&
Total funds brought forward
346261
350261
T*>tal fund5 carried forwa
331A89
250
350.7YJ
25