##
|||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|
##
##
##