| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 8 |
| Report ofthe Independent Auditors |
9 | to | 11 |
| Statement ofFinancial Activities | 12 | ||
| Balance Sheet | 13 | ||
| Cash Flow Statement | 14 | ||
| Notes tothe Cash Flow Statement | 15 | ||
| Notes tothe Financial Statements | 16 to | 25 |
| F | OR THE Y | EAR END | ED 31 DECEM | BER2020 | |||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | 6 | 6 | E | 6 | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
2 | 3,908 | 3,908 | 6,276 | |||
| Charitable activities |
|||||||
| Nursing and caring |
1,226,618 | 60,670 | 1,287,288 | 1,191,528 | |||
| Investment income |
3 | 16,666 | 16,666 | 18,256 | |||
| Total | 1,247,192 | 60,670 | 1,307,862 | 1,216,060 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 5 | 2,287 | 2,287 | 2,240 | |||
| Charitable activities |
|||||||
| Nursing and caring |
1,397,061 | 60,670 | 1,457,731 | 1,339,334 | |||
| Total | 1,399,348 | 60,670 | 1,460,018 | 1,341,574 | |||
| Net gains on investments | 51,350 | 51,350 | 126,964 | ||||
| NET INCOME/(EXPENDITURE) | (100,806) | (100,806) | 1,450 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 1,632,928 | 1,632,928 | 1,631,478 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,532,122 | 1,532,122 | 1,632,928 |
| BALANCE SHEET 31DECEMBER2020 |
|||
|---|---|---|---|
| 2020 | 2019 | ||
| Notes | 6 | ||
| FIXEDASSETS | |||
| Tangible assets | 12 | 147,311 | 170,970 |
| Investments | 13 | 1,385,898 | 1,342,872 |
| 1,533,209 | 1,513,842 | ||
| CURRENT ASSETS | |||
| Debtors | 14 | 18,450 | 26,118 |
| Cash at bank and in hand | 67,877 | 176,718 | |
| 86,327 | 202,836 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (87,414) | (83,750) |
| NET CURRENT ASSETS | (1,087) | 119,086 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,532,122 | 1,632,928 | |
| NET ASSETS | 1,532,122 | 1,632,928 | |
| FUNDS | 17 | ||
| Unrestricted funds |
1,532,122 | 1,632,928 | |
| TOTAL FUNDS | 1,532,122 | 1,632,928 |
| FORTHE | YEAR ENDED 3 | 1 DECEMBER2020 | |||
|---|---|---|---|---|---|
| Notes | 2020 | 2019 f |
|||
| Cash flows from | operating | activities | |||
| Cash generated from operations |
1 | (133,831) | (138,219) | ||
| Net cash used in |
operating | activities | (133,831) | (138,219) | |
| Cash flows from | investing | activities | |||
| Purchase oftangible fixed assets | (14,871) | ||||
| Purchase offixed | asset investments | (174,915) | (42,092) | ||
| Sale offixed asset investments | 183,239 | 26,892 | |||
| Interest received | 703 | 816 | |||
| Dividends received |
15,963 | 17,440 | |||
| Net cash provided | by/(used | in) investing | activities | 24,990 | (11,815) |
| Change in cash |
and cash | equivalents | |||
| in the reporting | period | (108,841) | (150,034) | ||
| Cash and cash equivalents | at the | ||||
| beginning ofthe |
reporting | period | 176,718 | 326,752 | |
| Cash and cash equivalents | at the end | ||||
| ofthe reporting | period | 67,877 | 176,718 |
| ACTIVITIES | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| 6 | ||||||
| Net (expenditure)/income | for the reporting | period (as per the | ||||
| Statement ofFinancial Activities) | (100,806) | 1,450 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
23,659 | 22,766 | ||||
| Gain on investments | (51,350) | (126,964) | ||||
| Interest received | (703) | (816) | ||||
| Dividends received |
(15,963) | (17,440) | ||||
| Decrease/(increase) | in debtors | 7,668 | (14,972) | |||
| Increase/(decrease) | in creditors | 3,664 | (2,243) | |||
| Net cash used in operations | (133,831) | (138,219) | ||||
| ANALYSIS OF CHANGES | IN NET FUNDS | |||||
| At | 1.1.20 | Cash flow | At 31.12.20 | |||
| 6 | 6 | 6 | ||||
| Net cash | ||||||
| Cash at bank and in | hand | 176,718 | (108,841) | 67,877 | ||
| 176,718 | (108,841) | 67,877 | ||||
| Total | 176,718 | (108,841) | 67,877 |
| 3. | INVESTMEN | T INCOME | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 6 |
2019 f |
|||||||||
| Income from | shares | 15,963 | 17,440 | |||||||
| Deposit account interest | 703 | 816 | ||||||||
| 16,666 | 18,256 | |||||||||
| All investment | income is derived | from | assets held | in the | United | Kingdom. | ||||
| INCOME FROM CHARITABLE | ACTIVITIES | |||||||||
| 2020 | 2019 | |||||||||
| Activity | ||||||||||
| Fees | Nursing | and caring | 1,226,274 | 1,190,559 | ||||||
| Other incoming resources | Nursing | and caring | 344 | 969 | ||||||
| Grants | Nursing | and caring | 60,670 | |||||||
| 1,287,288 | 1,191,528 | |||||||||
| Grants received, included | in the | above, are as follows: | ||||||||
| 2020 6 |
2019 f |
|||||||||
| COVID-19support | 60,670 | |||||||||
| 5. | RAISING FUNDS | |||||||||
| Investment | management | costs | ||||||||
| 2020 f |
2019 8 |
|||||||||
| Porlfolio management | 2,287 | 2,240 | ||||||||
| 6. | CHARITABLE ACTIVITIES COSTS | |||||||||
| Direct | Support | |||||||||
| Costs (see | costs (see | |||||||||
| note 7) 6 |
note 8) f |
Totals 8 |
||||||||
| Nursing and |
caring | 1,292,725 | 165,006 | 1,457,731 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| F | 6 | |||||
| Staffcosts | 1,117,754 | 1,026,105 | ||||
| Agency costs | 34,578 | 15,813 | ||||
| Sundries | 6,397 | 3,410 | ||||
| Provisions | 40,184 | 40,948 | ||||
| Medical and comfort | supplies | 28,121 | 22,631 | |||
| Staff advertisements | and | training | 970 | 2,751 | ||
| Staff uniforms | 1,750 | 679 | ||||
| Registration fee | 6,077 | 3,511 | ||||
| Bursaries | 56,894 | 42,952 | ||||
| 1,292,725 | 1,158,800 | |||||
| SUPPORT COSTS | ||||||
| Governance | ||||||
| Management | costs | Totals | ||||
| 8 | 5 | F | ||||
| Nursing and cadng |
152,634 | 12,372 | 165,006 | |||
| Support costs, included | in the above, are as follows: | |||||
| Management | ||||||
| 2020 | 2019 | |||||
| Nursing | ||||||
| and | Total | |||||
| caring f |
activities | |||||
| Wages | 43,819 | 41,401 | ||||
| Rates and water | 4,038 | 1,618 | ||||
| Insurance | 7,473 | 7,114 | ||||
| Light and heat | 20,236 | 19,045 | ||||
| Telephone | 2,186 | 2,075 | ||||
| Postage and | stationery | 3,586 | 1,950 | |||
| Repairs and renewals | 32,290 | 54,684 | ||||
| Cleaning | 10,726 | 10,807 | ||||
| Legal and professional | 4,474 | 7,989 | ||||
| Bank charges | 148 | 153 | ||||
| Depreciation | oftangible | assets | 23,658 | 22,765 | ||
| 152,634 | 169,601 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Nursing | ||||
| and | Total | |||
| caring 6 |
activities f |
|||
| Wages | 5,952 | 4,600 | ||
| Audit fees | 5,520 | 5,202 | ||
| Auditors' | remuneration | for non audit | ||
| work | 900 | 1,131 | ||
| 12,372 | 10,933 |
| 2020 | 2019 | ||
|---|---|---|---|
| Wages | and salaries | 1,070,139 | 980,596 |
| Social | security costs | 76,940 | 73,274 |
| Other | pension costs | 20,446 | 18,236 |
| 1,167,525 | 1,072,106 |
| The average monthly number ofemployees du |
ring the year was as follows: | |
|---|---|---|
| 2020 | 2019 | |
| Direct | 58 | 53 |
| Management | 1 | 1 |
| 59 |
| NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 |
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 |
|||
|---|---|---|---|---|---|---|
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 6 | 6 | E | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
6,276 | 6,276 | ||||
| Charitable activities |
||||||
| Nursing and cadng |
1,191,528 | 1,191,528 | ||||
| Investment income |
18,256 | 18,256 | ||||
| Total | 1,216,060 | 1,216,060 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 2,240 | 2,240 | ||||
| Charitable activities |
||||||
| Nursing and caring |
1,339,334 | 1,339,334 | ||||
| Total | 1,341,574 | 1,341,574 | ||||
| Net gains on investments | 126,964 | 126,964 | ||||
| NET INCOME | 1,450 | 1,450 | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 1,631,478 | 1,631,478 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,632,928 | 1,632,928 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Improvements | Fixtures | |||
| Freehold | to | and | ||
| property | property | fittings | Totals | |
| E | 6 | E | ||
| COST | ||||
| At 1 January 2020 | 151,514 | 169,473 | 218,973 | 539,960 |
| Disposals | (22,211) | (102,800) | (125,011) | |
| At 31 December 2020 | 151,514 | 147,262 | 116,173 | 414,949 |
| DEPRECIATION | ||||
| At 1 January 2020 | 65,135 | 117,765 | 186,090 | 368,990 |
| Charge for year | 3,030 | 10,818 | 9,811 | 23,659 |
| Eliminated on disposal |
(22,211) | (102,800) | (125,011) | |
| At 31December 2020 | 68,165 | 106,372 | 93,101 | 267,638 |
| NET BOOK VALUE | ||||
| At 31 December 2020 | 83,349 | 40,890 | 23,072 | 147,311 |
| At 31 December 2019 | 86,379 | 51,708 | 32,883 | 170,970 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| 6 | |
| MARKET VALUE | |
| At 1 January 2020 | 1,342,872 |
| Additions | 174,915 |
| Disposals | (183,239) |
| Revaluations | 51,350 |
| At 31 December 2020 | 1,385,898 |
| NET BOOK VALUE | |
| At 31 December 2020 | 1,385,898 |
| At 31 December 2019 | 1,342,872 |
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||
| 2020 | 2019 | |||||||
| 6 | ||||||||
| Other debtors | 11,901 | 20,489 | ||||||
| Prepayments | and accrued | income | 6,549 | 5,629 | ||||
| 18,450 | 26,118 | |||||||
| 15. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN | ONE YEAR | ||||
| 2020 | 2019 | |||||||
| 6 | ||||||||
| Social security | and other | taxes | 17,587 | 16,085 | ||||
| Other creditors | 17,384 | 22,626 | ||||||
| Accrued expenses | 52,443 | 45,039 | ||||||
| 87,414 | 83,750 | |||||||
| 16. | ANALYSIS OF NET ASSETSBETWEEN FUNDS | |||||||
| 2020 | 2019 | |||||||
| Unrestdcted | Restricted | Total | Totai | |||||
| funds | funds | funds | funds | |||||
| 6 | f | 6 | 6 | |||||
| Fixed assets | 147,311 | 147,311 | 170,970 | |||||
| Investments | 1,385,898 | 1,385,898 | 1,342,872 | |||||
| Current assets | 86,327 | 86,327 | 202,836 | |||||
| Current liabilities |
(87,414) | (87,414) | (83,750) | |||||
| 1,532,122 | 1,532,122 | 1,632,928 | ||||||
| 17. | MOVEMENT | IN FUNDS | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.20 | in funds | 31.12.20 | ||||||
| f | ||||||||
| Unrestricted | funds | |||||||
| General fund | 1,632,928 | (100,806) | 1,532,122 | |||||
| TOTAL FUNDS | 1,632,928 | (100,806) | 1,532,122 |
| Net mov | ement | in fund | s, incl | ude | d in the above |
are as follow | s: | ||
|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||||
| resources 6 |
expended | losses f |
in funds f |
||||||
| Unrestricted | funds | ||||||||
| General | fund | 1,247,192 | (1,399,348) | 51,350 | (100,806) | ||||
| Restricted funds | |||||||||
| Portsmouth City Council Covid |
Support | ||||||||
| Fund | 51,780 | (51,780) | |||||||
| HMRC | Covid | Support | Fund | 8,890 | (8,890) | ||||
| 60,670 | (60,670) | ||||||||
| TOTAL | FUNDS | 1,307,862 | (1,460,018) | 51,350 | (100,806) | ||||
| Comparatives | for movement | in funds | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.19 | in funds | 31.12.19 | |||||||
| 6 | |||||||||
| Unrestricted | funds | ||||||||
| General | fund | 1,631,478 | 1,450 | 1,632,928 | |||||
| TOTAL | FUNDS | 1,631,478 | 1,450 | 1,632,928 | |||||
| Comparative | net movement | in | funds, included | in the above | are as follows: | ||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| 6 | |||||||||
| Unrestricted | funds | ||||||||
| General | fund | 1,216,060 | (1,341,574) | 126,964 | 1,450 | ||||
| TOTALFUNDS | 1,216,060 | (1,341,574) | 126,964 | 1,450 |