| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 8 |
| Report ofthe Independent Auditors |
9 | to | 11 |
| Statement of Financial Activities | 12 | ||
| Balance Sheet | 13 | ||
| Cash Flow Statement | 14 | ||
| Notes to the Cash Flow Statement | 15 | ||
| Notes to the Financial Statements | 16 to | 24 |
| F | OR THE | YEAR EN | DED 31 DECE | MBER 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | 6 | 6 | F | |||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
1,103 | 1,103 | 3,908 | |||||
| Charitable activities |
||||||||
| Nursing and caring |
1,441,842 | 1,441,842 | 1,287,288 | |||||
| Investment income |
29 | 29 | 16,666 | |||||
| Total | 1,442,974 | 1,442,974 | 1,307,862 | |||||
| EXPENDITURE ON | ||||||||
| Raising funds | 5 | 2100 | 2,100 | 2,287 | ||||
| Charitable activities |
||||||||
| Nursing and caring |
1,553,254 | 1,553,254 | 1,457,731 | |||||
| Total | 1,555,354 | 1,555,354 | 1,460,018 | |||||
| Net gains on investments | 123,847 | 123,847 | 51,350 | |||||
| NET INCOME/(EXPENDITURE) | 11,467 | 11,467 | (100,806) | |||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 1,532,122 | 1,532,122 | 1,632,928 | ||||
| TOTAL FUNDS CARRIED FORWARD | 1,543,589 | 1,543,589 | 1,532, 122 |
| FIXEDASSETS | ||
|---|---|---|
| Tangible assets | 141,779 | |
| Investments | 1„307,645 | |
| 1,449,424 | 1,5%,269 | |
| C~~ ~uM Qlling due ~tin one year |
||
| 1,643,689 | 1,632.122 | |
| NETASSETS | ||
| FUNDS | ||
| Unrestrioted funds |
1„643,669 | 1,632,122 |
| TOTAL FUNDS | 1l,643,669 | 1,632„122 |
| HOME OF COMFORT | ||||
|---|---|---|---|---|
| CASH FLOW STATEMENT | ||||
| FOR THE | YEAR ENDED 31 DECEMBER 2021 | |||
| 2021 | 2020 | |||
| Notes | E | f | ||
| Cash flows from operating | activities | |||
| Cash generated from operations |
1 | (85,867) | (133,831) | |
| Net cash used in operating |
activities | (85,867) | (133,831) | |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets |
(18,358) | |||
| Purchase offixed asset investments | (174,915) | |||
| Sale offixed asset investments | 202,100 | 183,239 | ||
| Interest received | 29 | 703 | ||
| Dividends received |
15,963 | |||
| Net cash provided by investing activities |
183,771 | 24,990 | ||
| Change in cash and cash |
equivalents | |||
| in the reporting period |
97,904 | (108,841) | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 67,877 | 176,718 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
165,781 | 67,877 |
| RECONCILIATION ACTIYITIES |
OF | NET INCOME/(EXPE | NDITURE) TO NET CAS |
H FLOW FROM |
OPERATING |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| F | 8 | ||||
| Net income/(expenditure) | for the reporting | period (as per the | |||
| Statement ofFinancial | Activities) | 11,467 | (100,806) | ||
| Adjustments for: |
|||||
| Depreciation charges |
23,890 | 23,659 | |||
| Gain on investments | (123,847) | (51,350) | |||
| Interest received | (29) | (703) | |||
| Dividends received |
(15,963) | ||||
| Decrease in debtors |
5,332 | 7,668 | |||
| (Decrease)/increase | in creditors | (2,680) | 3,664 | ||
| Net cash used in operations |
(85,867) | (133,831) |
| ANALYSIS OF C | HANGES IN NET FUNDS |
|||
|---|---|---|---|---|
| At 1.1.21 | Cash flow | At 31 12.21 | ||
| 6 | 8 | |||
| Net cash | ||||
| Cash at bank and | in hand | 67,877 | 97,904 | 165,781 |
| 67,877 | 97,904 | 165,781 | ||
| Total | 67,877 | 97,904 | 165,781 |
| Freehold | property | property | 2% on cost |
|---|---|---|---|
| Improvements | to property | - 10%on cost | |
| Fixtures | and | fittings | 20% on cost |
| INCOME F | ROM | CH | ARIT | AB | LE ACT | IVITIES | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||
| Activity | E | E | |||||||||
| Fees | Nursing | and caring | 1,347,684 | 1,226,274 | |||||||
| Other incoming | resources | Nursing | and caring | 27 | 344 | ||||||
| Grants | Nursing | and caring | 94,131 | 60,670 | |||||||
| 1,441,842 | 1,287,288 | ||||||||||
| Grants received, | included | in | the above, are as follows: | ||||||||
| 2021 | 2020 | ||||||||||
| E | E | ||||||||||
| COVID-19 | support | 94,131 | 60,670 | ||||||||
| 5. | RAISING FUNDS | ||||||||||
| Investment | management | costs | |||||||||
| 2021 | 2020 | ||||||||||
| E | |||||||||||
| Portfolio management | 2,100 | 2,287 | |||||||||
| 8. | CHARITABLE ACTIVITIES | COSTS | |||||||||
| Direct | Support | ||||||||||
| Costs (see | costs (see | ||||||||||
| note 7) | note 8) | Totals | |||||||||
| E | E | 6 | |||||||||
| Nursing and canng |
1,385,843 | 167,411 | 1,553,254 | ||||||||
| 7. | DIRECT COSTS | OF | CHARITABLE | ACTIVITIES | |||||||
| 2021 | 2020 | ||||||||||
| E | E | ||||||||||
| Staff costs | 1,222,902 | 1,117,754 | |||||||||
| Agency costs | 8,319 | 34,578 | |||||||||
| Sundries | 12,779 | 6,397 | |||||||||
| Provisions | 40,904 | 40,184 | |||||||||
| Medical and comfort | supplies | 21,745 | 28,121 | ||||||||
| Staff advertisements | and | training | 5,493 | 970 | |||||||
| Staff uniforms | 861 | 1,750 | |||||||||
| Registration | fee | 5,229 | 6,077 | ||||||||
| Bursaries | 67,611 | 56,894 | |||||||||
| 1,385,843 | 1,292,725 |
| Governance | |||||||
|---|---|---|---|---|---|---|---|
| Management | costs | Totals | |||||
| 6 | 6 | ||||||
| Nursing | and caring | 155,538 | 11,873 | 167,411 | |||
| Support | costs, included | in the above, are as follows. | |||||
| Management | |||||||
| 2021 | 2020 | ||||||
| Nursing | |||||||
| and | Total | ||||||
| caring | activities | ||||||
| 8 | |||||||
| Wages | 43,382 | 43,819 | |||||
| Rates and | water | 7,240 | 4,038 | ||||
| Insurance | 8,750 | 7,473 | |||||
| Light and | heat | 22,075 | 20,236 | ||||
| Telephone | 2,903 | 2,186 | |||||
| Postage | and | stationery | 1,243 | 3,586 | |||
| Repairs | and renewals | 32,322 | 32,290 | ||||
| Cleaning | 11,772 | 10,726 | |||||
| Legal and | professional | 1,760 | 4,474 | ||||
| Bank charges | 201 | 148 | |||||
| Depreciation | oftangible | assets | 23,890 | 23,658 | |||
| 155,538 | 152,634 | ||||||
| Governance | costs | ||||||
| 2021 | 2020 | ||||||
| Nursing | |||||||
| and | Total | ||||||
| caring | activities | ||||||
| F | 6 | ||||||
| Wages | 5,453 | 5,952 | |||||
| Audit fees | 5,520 | 5,520 | |||||
| Auditors' | remuneration | for non audit | |||||
| work | 900 | 900 | |||||
| 11,873 | 12,372 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| E | 6 | ||
| INCOME AND ENDOWMENTS | FROM | ||
| Donations and legacies |
3,908 | 3,908 | |
| Charitable activities |
|||
| Nursing and caring |
1,226,618 | 60,670 | 1,287,288 |
| Investment income |
16,666 | 16,666 | |
| Total | 1,247,192 | 60,670 | 1,307,862 |
| EXPENDITURE ON | |||
| Raising funds | 2,287 | 2,287 | |
| Charitable activities |
|||
| Nursing and caring |
1,397,061 | 60,670 | 1,457,731 |
| Total | 1,399,348 | 60,670 | 1,460,018 |
| 11. | COMPARATIVES FO |
R THE STATEMENT | OF FINANCIA | L ACTIVITIES - | continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 5 | 6 | |||||
| Net gains on investments | 51,350 | 51,350 | ||||
| NET INCOME/(EXPENDITURE) | (100,806) | (100,806) | ||||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought | forward | 1,632,928 | 1,632,928 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,532,122 | 1,532,122 | ||||
| 12. | TANGIBLE FIXEDASSETS | |||||
| Improvements | Fixtures | |||||
| Freehold | to | and | ||||
| property | property | fittings | Totals | |||
| E | 5 | F | 5 | |||
| COST | ||||||
| At 1 January 2021 | 151,514 | 147,262 | 116,173 | 414,949 | ||
| Additions | 18,358 | 18,358 | ||||
| At 31 December 2021 | 151,514 | 165,620 | 116,173 | 433,307 | ||
| DEPRECIATION | ||||||
| At 1 January 2021 | 68,165 | 106,372 | 93,101 | 267,638 | ||
| Charge for year | 3,030 | 11,277 | 9,583 | 23,890 | ||
| At 31 December 2021 | 71,195 | 117,649 | 102,684 | 291,528 | ||
| NET BOOK VALUE | ||||||
| At 31 December 2021 | 80,319 | 47,971 | 13,489 | 141,779 | ||
| At 31 December 2020 | 83,349 | 40,890 | 23,072 | 147,311 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| 5 | |
| MARKET VALUE | |
| At 1 January 2021 | 1,385,898 |
| Disposals | (202,100) |
| Revaluations | 123,847 |
| At 31 December 2021 | 1,307,645 |
| NET BOOK VALUE | |
| At 31 December 2021 | 1,307,645 |
| At 31 December 2020 | 1,385,898 |
| DEBTO | RS:A | MOUNTS F |
ALLING DUE WITHIN ONE Y | EAR | |||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| F | |||||||
| Other debtors | 5,711 | 11,901 | |||||
| Prepayments | and accrued | income | 7,407 | 6,549 | |||
| 13,118 | 18,450 | ||||||
| CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE | YEAR | ||||
| 2021 | 2020 | ||||||
| 6 | |||||||
| Social security | and other taxes | 18,466 | 17,587 | ||||
| Other creditors | 2 | 17,384 | |||||
| Accrued | expenses | 66,266 | 52,443 | ||||
| 84,734 | 87,414 | ||||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 6 | F | F | |||||
| Fixed assets | 141,779 | 141,779 | 147,311 | ||||
| Investments | 1,307,645 | 1,307,645 | 1,385,898 | ||||
| Current | assets | 178,899 | 178,899 | 86,327 | |||
| Current | liabilities | (84,734) | (84,734) | (87,414) | |||
| 1,543,589 | 1,543,589 | 1,532,122 | |||||
| MOVEMENT | IN FUNDS | ||||||
| Net | |||||||
| movement | At | ||||||
| At | 1.1.21 | in funds | 31 12.21 | ||||
| E | f | ||||||
| Unrestricted | funds | ||||||
| General | fund | 1,532,122 | 11,467 | 1,543,589 | |||
| TOTAL | FUNDS | 1,532,122 | 11,467 | 1,543,589 |
| Net mov | emen | t | in funds, incl |
ude | d in th |
e above | are as follow | s: | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended | losses | in funds | |||||||
| F | E | E | F | |||||||
| Unrestricted | funds | |||||||||
| General | fund | 1,442,974 | (1,555,354) | 123,847 | 11,467 | |||||
| TOTAL | FUNDS | 1,442,974 | (1,555,354) | 123,847 | 11,467 | |||||
| Comparatives | for movement | in funds | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.1.20 | in funds | 31.12.20 | ||||||||
| F | E | |||||||||
| Unrestricted | funds | |||||||||
| General | fund | 1,632,928 | (100,806) | 1,532,122 | ||||||
| TOTAL | FUNDS | 1,632,928 | (100,806) | 1,532,122 | ||||||
| Comparative | net movement | in | funds, | included | in the above | are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended | losses | in funds | |||||||
| E | 5 | E | F | |||||||
| Unrestricted | funds | |||||||||
| General | fund | 1,247,192 | (1,399,348) | 51,350 | (100,806) | |||||
| Restricted funds | ||||||||||
| Portsmouth | City Council Cowd | 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) |