2020-08-31-accounts - Watermoor House Rch

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	Page	Page
Reference and Administrative Details
Chair's Report
Report ofthe Trustees	3	to	8
Report ofthe Independent Auditor	9	to	10
Statement of Financial Activities
Statement ofFinancial Position		12
Statement ofCash Flows
Notes to the Statement ofCash Flows		14
Notes to the Financial Statements	15	to	24


TRUSTEES		Dr K Badcock
		JW Lamus
		Sir R K Morland	(resigned			16.12.19)
		Dr S R Owen
		Earl A C BBathurst
		Mrs G M Roberts
		BA Jashanmal (resigned 16.12.19)
		Revd P Light (appointed			20.4.20)
		Mrs J Carter (appointed			20.4.20)
REGISTERED	OFFICE	Watermoor House
		Watermoor Road
		Cirencester
		Gloucestershire
		GL7 1JR
REGISTERED	COMPANY	09327637 (England		and	Wales)
NUMBER
REGISTERED	CHARITY	1168947
NUMBER
AUDITOR		Andorran Limited	(Statutory			Auditor)
		6 Manor Park Business			Centre
		Mackenzie Way
		Cheltenham
		Gloucestershire
		GL51 9TX

					31.8.20	31.8.19
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	E	E	E	F
INCOME AND ENDOWMENTS	FROM
Donations and legacies				3,805	3,805	4,015
Charitable activities
Residential Care			1,431,481	10,000	1,441,481	1,434,886
Investment income			780		780	590
Other income			58,865		58,865
Total			1,491,126	13,805	1,504,931	1,439,491
EXPENDITURE ON
Charitable activities
Residential Care			1,429,499	908	1,430,407	1,386,964
Net gains on investments						86
NET INCOME			61,627	12,897	74,524	52,613
RECONCILIATION OF FUNDS
Total funds brought forward			863,481	5,925	869,406	816,793
TOTAL FUNDS CARRIED FORWARD			925,108	18,822	943,930	869,406

				31.8.20	31.8.19
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	13	776,060	5,017	781,077	758,159
Investments	14	15,009		15,009	15,009
		791,069	5,017	796,086	773,168
CURRENT ASSETS
Stocks	15	5,177		5,177	4,730
Debtors	16	26,635		26,635	18,617
Cash at bank and in hand		166,311	13,805	180,116	147,886
		198,123	13,805	211,928	171,233
CREDITORS
Amounts falling due within one year	17	(64,084)		(64,084)	(74,995)
NET CURRENT ASSETS		134,039	13,805	147,844	96,238
TOTAL ASSETS LESSCURRENT
LIABILITIES		925,108	18,822	943,930	869,406
NET ASSETS		925,108	18,822	943,930	869,406
FUNDS	19
Unrestricted funds				925,108	863,481
Restricted funds				18,822	5,925
TOTAL FUNDS				943,930	869,406

	STATEMENT OF	CASH FLOWS
	FOR THE YEAR ENDED 31 AUGUST 2020
		31.8.20	31.8.19
	Notes	E
Cash flows from operating activities Cash generated from operations		67,047	55,626
Net cash provided by operating activities		67,047	55,626
Cash flows from investing activities Purchase oftangible fixed assets Interest received		(35,597) 293	(10,671) 103
Dividends received		487	487
Net cash used in investing activities		(34,817)	(10,081)
Change in cash and cash in the reporting period	equivalents	32,230	45,545
Cash and cash equivalents beginning ofthe reporting	at the period	147,886	102,341
Cash and cash equivalents ofthe reporting period	at the end	180,116	147,886

	NOTES TO THE STATEMENT OF CASH FLO FOR THE YEAR ENDED 31 AUGUST 2020	NOTES TO THE STATEMENT OF CASH FLO FOR THE YEAR ENDED 31 AUGUST 2020	WS	WS
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIYITIES
			31.8.20	31.8.19
			E
Net income for the Financial Activities)	reporting	period (as per the Statement of	74,524	52,613
Adjustments for: Depreciation charges			11,742	8,951
Losses on investments				(86)
Loss on disposal of Interest received	fixed assets		937 (293)	9,011 (103)
Dividends received			(487)	(487)
Increase in stocks			(447)	(1,997)
(Increase)/decrease in debtors Decrease in creditors			(8,018) (10,911)	14,425 (26,701)
Net cash provided	by operations		67,047	55,626

ANALYSIS OF C	HANGES IN NET FUNDS
		At 1.9.19	Cash flow	At 31.8.20
		E		E
Net cash
Cash at bank and	in hand	147,886	32,230	180,116
		147,886	32,230	180,116
Total		147,886	32,230	180,116

INVESTMENT INCOME	INVESTMENT INCOME
				31.8.20	31.8.19
				E	E
Income from unlisted	investments			487	487
Deposit account interest				293	103
				780	590
INCOME FROM CHARITABLE ACTIVITIES
				31.8.20	31.8.19
Received from residents		Activity Residential	Care	E 1,161,333	E 1,083,713
Received from local
authority Income from Lodge Grants		Residential Residential Residential	Care Care Care	261,788 8,360 10,000	343,887 7,286
				1,441,481	1,434,886

	,		31.8.20	31.8.19
Big Lottery			10,000
OTHER INCOME			31.8.20	31.8.19
Government	grants		58,865
			31.8.20	31.8.19
Infection Control Grant			38,100
Coronavirus	Job Retention	Scheme	13,279
Coronavirus Coronavirus	Community Support Fund Statutory Sick Pay Rebate Scheme		5,472 2,014
			58,865

CHARITABLE ACTI	VITI	ES C	O
					Direct	Support
					Costs (see	costs (see
					note 7)	note 8)	Totals
					E	E
Residential Care					1,423,483	6,924	1,430,407
DIRECT COSTS OF	CHARITABLE ACTIVITIES					31.8.20	31.8.19
						E	E
Staff costs						1,095,195	1,055,955
Subscriptions and registration fees Light and heat Postage, stationery, advertising, telephone Equipment rental and maintenan Other house expenses Food				and sundries		5,779 31,636 56,722 35,226 41,852 82,907	3,975 33,865 57,559 39,353 32,090 77,336
Property maintenance 8 Other property expenses Accountancy 8 payroll Depreciation Loss on sale ofassets		repairs				49,107 9,068 3,300 11,742 937	46,735 11,151 2,868 8,951 9,011
						1,423,483	1,378,837
SUPPORT COSTS
							Governance
							costs
							E
Residential Care							6,924
Support costs, included		in the	above, are	as follows:		31.8.20	31.8.19
						Residential	Total
						Care	activities
						F	F
Auditors' remuneration						6,924	5,880
Legal fees							2,247
						6,924	8,127

Net incom	e/(expenditure) is stated after charging/(creditin	g):
		31.8.20	31.8.19
Auditors'	remuneration	6,924	5,880
Depreciation - owned assets Deficit on disposal of fixed assets		11,742 937	8,951 9,011

STAFF COSTS
	31.8.20	31.8.19
	E	E
Wages and salaries Social security costs Other pension costs	1,008,258 65,344 21,593	972,368 65,455 18,132
	1,095,195	1,055,955

The average monthly number ofemployees d	uring the year was as follows:
	31.8.20	31.8.19
Administration	5	5
Support	48	49
		54

	FOR THE YEAR ENDED 31AUG	FOR THE YEAR ENDED 31AUG	FOR THE YEAR ENDED 31AUG	FOR THE YEAR ENDED 31AUG	FOR THE YEAR ENDED 31AUG	UST 2020
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL					ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
							F	F
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies					4,015		4,015
	Charitable activities
	Residential Care					1,434,886		1,434,886
	Investment income					590		590
	Total					1,439,491		1,439,491
	EXPENDITURE ON
	Charitable activities
	Residential Care					1,383,911	3,053	1,386,964
	Net gains on investments					86		86
	NET INCOME/(EXPENDITURE)					55,666	(3,053)	52,613
	RECONCILIATION	OF FUNDS
	Total funds brought		forward			807,815	8,978	816,793
	TOTAL FUNDS CARRIED FORWARD					863,481	5,925	869,406
13.	TANGIBLE FIXEDASSETS
						Fixtures,
				Freehold		fittings
				property	Linen	8 equipment	Minibus	Totals
					F		E	E
	COST
	At 1 September 2019 Additions			675,393	1,416	201,712 35,597	13,500	892,021 35,597
	Disposals				(1,416)	(3,057)		(4,473)
	At 31 August 2020			675,393		234,252	13,500	923,145
	DEPRECIATION
	At 1 September 2019 Charge for year Eliminated on disposal				1,416 (1,416)	118,946 11,742 (2,120)	13,500	133,862 11,742 (3,536)
	At 31 August 2020					128,568	13,500	142,068
	NET BOOK VALUE
	At 31 August 2020			675,393		105,684		781,077
	At 31 August 2019			675,393		82,766		758,159

14.	FIXEDASSE	T INVESTII	E	NTS
						Unlisted
						investments
						F
	MARKET VALUE
	At 1 September 2019and
	31 August 2020					15,009
	NET BOOK VALUE
	At 31 August	2020				15,009
	At 31 August	2019				15,009
	There were no investment			assets outside the UK.
15.	STOCKS
					31.8.20	31.8.19
					F	E
	Stocks				5,177	4,730
16.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					31.8.20	31.8.19
						F
	Trade debtors				5,935	9,827
	Other debtors				7,286
	Prepayments	and accrued		income	13,414	8,790
					26,635	18,617

CREDITORS: AMOUN	TS FALLING DUE WITHIN ON	E YEAR
		31.8.20	31.8.19
Creditors for operating	activities	27,788	29,566
Social security and other taxes		24,616	24,921
Other creditors			10,000
Accrued expenses		11,680	10,508
		64,084	74,995

Minimum lea	se payments under non-cancellabl	e operating leases fall due	as follows:
			31.8.20	31.8.19
			F	E
Within one year			8,788	11,428
Between one	and five years		11,050	20,101
			19,838	31,529
MOVEMENT	IN FUNDS
			Net
			movement	At
		At 1.9.19	in funds	31.8.20
			E
Unrestricted	funds
General fund		798,282	87,409	885,691
Major projects and improvement		65,199	(25,782)	39,417
		863,481	61,627	925,108
Restricted funds
Dining room renovations		5,925	(908)	5,017
Minibus			13,805	13,805
		5,925	12,897	18,822
TOTAL FUNDS		869,406	74,524	943,930

Net mo	vement	in funds, included in the above	are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted		funds
General	fund		1,491,126	(1,403,717)	87,409
Major projects and improvement				(25,782)	(25,782)
			1,491,126	(1,429,499)	61,627
Restricted funds
Dining	room renovations			(908)	(908)
Minibus			13,805		13,805
			13,805	(908)	12,897
TOTAL FUNDS			1,504,931	(1,430,407)	74,524

Comparatives for movemen	t in fun	ds
				Net	Transfers
				movement	between		At
			At 1.9.18	in funds	funds		31.8.19
				F
Unrestricted funds
General fund			720,605	77,656		21	798,282
Major projects and improvement			87,210	(22,011)			65,199
Legacy from former resident				21		(21)
			807,815	55,666			863,481
Restricted funds
Dining room renovations			8,978	(3,053)			5,925
TOTAL FUNDS			816,793	52,613			869,406
Comparative net movement	in funds,	included	in the above	are as follows:
			Incoming	Resources	Gains	and	Movement
			resources	expended	losses		in funds
			F	F	F		E
Unrestricted funds
General fund			1,438,604	(1,361,034)		86	77,656
Major projects and improvement Legacy from former resident			887	(22,011) (866)			(22,011) 21
			1,439,491	(1,383,911)		86	55,666
Restricted funds
Dining room renovations				(3,053)			(3,053)
TOTAL FUNDS			1,439,491	(1,386,964)		86	52,613