||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|STS||||| |---|---|---|---|---|---|---|---|---| |||||||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| ## ## ## ## ## ## ## ## ## ## ## ##