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|||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|
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|||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|
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|||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|
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|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)|
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|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|
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|Freehold|property|property|2% on cost|
|---|---|---|---|
|Improvements||to property|- 10%on cost|
|Fixtures|and|fittings|20% on cost|
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||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|
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|||||||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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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