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|||Page|
|---|---|---|
|Legal and administrative|information||
|Report ofthe Board of|Trustees|2 —8|
|Independent
Auditors'|Report|9 —11|
|Statement ofFinancial|Activities|12|
|Balance Sheet||13|
|Statement ofCash Flows||14|
|Notes to the Financial
Statements||15 —28|
##
##
|Charity number|Charity number||1168173||||
|---|---|---|---|---|---|---|
|Company|number||10259078||||
|Registered|Provider number||H3294||||
|Principal|and registered|office|Wey Valley|House|||
||||Mike Hawthorn
Drive||||
||||Farnham||||
||||Surrey||||
||||GU9 7UQ||||
|Auditors|||Knox Cropper LLP||||
||||Office Suite|1,Haslemere|House||
||||Lower Street||||
||||Haslemere||||
||||Surrey||||
||||GU27 2PE||||
|Bankers|||CCLA —COIF Charity Funds||||
||||Senator House||||
||||85 Queen Victoria Street||||
||||London||||
||||EC4V 4ET||||
||||Barclays Bank Plc||||
||||1 Churchill|Place|||
||||London||||
||||E145HP||||
|Investment|Management||Barclays Wealth and Investment|||Management|
||||Barclays Bank Plc||||
||||1 Churchill|Place|||
||||London||||
||||E145HP||||
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|||||Notes||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||Restated|
|Tangible Fixed Assets||||||||
|Housing Properties
at Depreciated||Cost||9||8,940,947|10,254,969|
|Vehicles||||9||14,583|19,444|
|Fixtures, fittings and equipment||||9||133,276|156,571|
|Investments||||10||872,471|741,424|
|||||||9,961,277|11,172,408|
|Current Assets||||||||
|Stocks||||11||6,005|6,005|
|Trade and Other Debtors||||12||119,259|111,477|
|Cash and Cash Equivalents||||13||3,218,873|1,985,229|
|||||||3,344,137|2,102,711|
|Current Liabilities||||||||
|Creditors: amounts
falling due within one year||||14||437,759|355,784|
|Net Current
Assets||||||2,906,378|1,746,927|
|Long Term Liabilities||||||||
|Creditors: amounts
falling|due after|one year||15||36,017|36,420|
|TOTAL NET ASSETS|||||f12,831,638||612,882,915|
|Capital and Reserves||||||||
|Unrestricted
Reserves||||18||9,932,155|9,944,055|
|Restricted Reserves||||19||2,899,483|2,938,860|
|TOTAL FUNDS|||||f12,831,638||812,882,915|
|he Financial
Statements|were approved||at the Board of Truste||meeting|on|P?t..~021, and|
##
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|FOR THK YEAR ENDED|FOR THK YEAR ENDED|30TH|JUNE 2021|||
|---|---|---|---|---|---|
||||Notes|2021|2020|
||||||Restated|
|NET CASH GENERATED FROM OPERATING ACTIVITIES|||A|147,889|297,160|
|CASH FLOWS FROM INVESTING ACTIVITIES||||||
|Purchase ofproperty
components||||(93,473)|(95,976)|
|Purchase ofother fixed assets||||(51,701)|(38,332)|
|Proceeds from sale offixed assets||||1,234,624||
|Disposal ofinvestments
(Note 11)||||2,682|2,708|
|Investment
income||||23|7,256|
|Investment
management
fees||||(2,454)|(2,231)|
|Movement
in cash held in investments||||(228)|105|
|TOTAL CASHFLOWS FROM INVESTING ACTIVITIES||||1,089,473|(126,470)|
|CASH FLOWS FROM FINANCING ACTIVITIES||||||
|Interest paid
Repayment ofLoans||||(3,365)
353|(3,465)
(259)|
|||||3,718|(3,724|
|NKT CHANGE IN CASH AND CASH EQUIVALENTS||||1,233,644|166,966|
|CASH AND CASH EQUIVALENTS AT BEGINNING||||||
|OFTHE YEAR||||1,985,229|1,818,263|
|CA.SH AND CASH EQUIVALENTS AT KND OF THE|YEAR||B|63,218,873|f.1,985,229|
|A
CASH FLOWS FROM OPERATING ACTIVITIES||||||
|Net (expenditure)/income
for the year||||(51,277)|(226,384)|
|Depreciation||||237,352|229,591|
|Development
costs|||||275,062|
|Investment
Income and Interest Receivable||||(20,593)|(32,293)|
|Interest Payable||||3,365|3,465|
|Decrease/(increase)
in Stock||||||
|(Increase)/decrease
in Debtors||||(7,782)|9,906|
|Increase/(decrease)
in Creditors||||81,925|(24,444)|
|Loss on Sale ofAssets||||15,376|3,200|
|Unrealised
(gains)/losses
on investments||||(112,931)|56,826|
|Investment
management
fees||||2,454|2,231|
|||||2147,889|F297,160|
|B
CASH AND CASH EQUIVALENT||||||
|Bank Balances||||3,218,873|1,985,229|
|||||K3,218,873|61,985,229|
|ANALYSIS OF CHANGES IN NKT DEBT|At 1"July||||At 30'b June|
|||2020||Cash Flows|2021|
|Cash||1,985,229||1,233,644|3,218,873|
|Loans falling due within one year||(300)||(50)|(350)|
|Loans falling due in more than one year||36,420)||403|36,017)|
||f.1,948,509|||61,233,997|f3,182,506|
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||Years|||Years|
|---|---|---|---|---|
|Land|n/a|Kitchen||20|
|Main Structure &Fabric|100|Bathroom/W. C.||30|
|Roof&Covering|70|Heating/ventilation/plumbing||30|
|Windows
and External Doors|30|Electrics||40|
|Gas Boilers|15|Lift||20|
|Grounds
and gardens|15|Internal|structures|20|
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||FOR|THE YEARENDED 30TH JUNE 2021|THE YEARENDED 30TH JUNE 2021|THE YEARENDED 30TH JUNE 2021|THE YEARENDED 30TH JUNE 2021||
|---|---|---|---|---|---|---|
|||||(Continued)|||
|3,|Income from donations
and grants||||2021|2020|
||Infection Control Fund Grants||||207,994|51,004|
||Donations
and bequests||||7,410|24,470|
||Total income from donations||and grants||6215,404|675,474|
|4.|Income from charitable
activities||||||
||Gross fees from accommodation||services||5,324,862|5,013,111|
||Less voids||||(1,113,844)|(541,740)|
||Net fees receivable
from accommodation|||services|4,211,018|4,471,371|
||Home Care activities||||194,335|165,847|
||Net fees from all activities||||K4,405,353|64,637,218|
||Investment
income||||||
||Interest on funds on call and|short notice|||23|7,256|
||Accumulated
income||||20,570|25,037|
||Total investment
income||||220,593|f32,293|
|6.|Expenditure
on charitable|activities|||||
||Employee costs, agency staff and training||||3,298,860|3,184,362|
||Catering||||222,825|243,084|
||Other care expenses||||161,656|165,606|
||Establishment
expenses||||176,215|168,823|
||Repairs and maintenance||||284,297|227,005|
||Vehicle costs||||4,668|4,718|
||Depreciation
and amortisation||||252,728|232,791|
||Residents'
amenities||||18,938|29,851|
||Interest payable||||3,365|3,465|
||Debt provision
and write-offs||||12,221|10,722|
||Aborted development
costs|||||275,062|
||General management
expenses||||112,887|117,198|
||Support costs (note 7)||||257,340|255,908|
||Total expenditure
on charitable||activities||Z4,806,000|64,918,595|
##
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|7,|Support costs|2021|2020|
|---|---|---|---|
||Employee costs|140,586|132,227|
||Administration
costs|91,942|97,007|
||Payroll fees|8,132|8,322|
||Professional
fees|6,690|8,442|
||Auditors'
remuneration|9,990|9,910|
||Total support costs|K257,340|f255,908|
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##
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|||||N|OTES TO THE FINANCIAL STATEMENTS|OTES TO THE FINANCIAL STATEMENTS|OTES TO THE FINANCIAL STATEMENTS||
|---|---|---|---|---|---|---|---|---|
||||||FOR THE YEAR ENDED 30TH JUNE 2021||||
||||||||(Continued)||
||||||||2021|2020|
|||||||||Restated|
|10.|Investments||||||||
||Balance brought||forward||||741,424|776,026|
||Accumulated|income|||||20,570|25,037|
||Disposals||||||(2,682)|(2,708)|
||Realised and unrealised||||gains/(losses)||112,931|(56,826)|
||Movement
in|cash|||||228|(105)|
||||||||8872,471|F741,424|
|11.|Stocks||||||||
||Household
supplies||||||K6,005|66,005|
|12.|Trade and Other Debtors||||||||
||Residents'
fees||||||63,198|65,890|
||Less provision|for doubtful||||debts||(9,513)|
||||||||63,198|56,377|
||Other debtors||||||250|9,207|
||Prepayments
and||accrued income||||55,811|45,893|
||||||||6119,259|6111,477|
|13.|Cash and Cash||Equivalents||||||
||COIF Deposit|Account|||||1,229,475|1,228,997|
||Barclays Bank||||||1,987,882|755,060|
||Cash in hand||||||1,516|1,172|
||||||||Z3,218,873|K1,985,229|
|14.|Creditors: Amounts|||falling||due within|one year||
||Loan from Orchardbrook||||Limited (Note||16a)
350|300|
||Trade creditors||||||101,698|62,319|
||Social Security|and PAYE|||||74,741|70,304|
||Other creditors||||||61,928|61,435|
||Accruals and deferred|||income|||199,041|161,426|
||||||||K437,758|6355,784|
##
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|16.|Social Housing Gran|t|||||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||||||Restated|
||Aggregate
amount|received|||||
||At 1stJuly 2020 and|30th June|2021|3,752,630||3,752,630|
||Released to SOFA||||||
||At 1stJuly 2020|||3,752,630||3,752,630|
||Released for the period||||||
||At 30th June 2021|||3,752,630||3,752,630|
||Net Book Amount||||||
||At 30th June 2020||||||
||At 30th June 2021||||||
|17.|Reserves:||||||
||Movement
During The Year||Opening|Total|Transfers|Closing|
||||Balance|Comprehensive|To/(from)|Balance|
||||01/07/2020|Income|Reserves|30/06/2021|
||Unrestricted
Reserves||||||
||Designated
Reserves||8,589,803||(50,000)|8,539,803|
||Revenue Reserve||304,252|(11,900)|250,000|542,352|
||Prudential
Reserve||800,000||50,000|850,000|
||Revaluation
Reserve||250,000||(250,000)||
||Total Unrestricted
Reserves||9,944,055|(11,900)||9,932,155|
||Restricted Funds (Note 18)||2,938,860|(39,377)||2,899,483|
||||f12,882,915|K(51,277)|6 -|812,831,638|
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|The full|time equivalent
number ofstaff whos|e remuneration
payable was more|than f60,|
|---|---|---|---|
|||2021|2020|
|f90,000|—f100,000|1|1|
|f60,000|—5.70,000|1,7|1,7|
|||2.7|2.7|
##
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|The Board ofTrustees are the|ultimate
controlling|party ofthe So|ciety.||
|---|---|---|---|---|
|Units in Management|Residential|Nursing|Sheltered|Total|
|Wey Valley House, Farnham|26|||26|
|Hatch Mill, Farnham|19|27||46|
|Ridgway
Court, Farnham|16|||16|
|Kemnal, Haslemere|||7|7|
|Roundhay,
Guildford|||10|10|
|Castle Gate, Guildford|||8|8|
|Total|61|27|25|113|
##
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##
|25.|Net Assets by fund|Unrestricted|Restricted|2021Total|
|---|---|---|---|---|
||Fixed Assets|7,144,165|2,817,112|9,961,277|
||Current Assets|3,261,766|82,371|3,344,137|
||Current Liabilities|(437,759)||(437,759)|
||Long Term Liabilities|(36,017)||(36,017)|
||Total|K9,932,155|K2,899,483|612,831,638|
|||Unrestricted|Restricted|2020 Total|
||Fixed Assets|8,317,770|2,854,638|11,172,408|
||Current Assets|2,018,489|84,222|2,102,711|
||Current Liabilities|(355,784)||(355,784)|
||Long Term Liabilities|(36,420)||(36,420)|
||Total|K9,944,055|K2,938,860|612,882,915|
##
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