2021-03-31-accounts

		Page
Report ofthe Trustees	1	to	13
Report ofthe Independent Auditors	14	to	17
Statement of Financial Activities		18
Balance Sheet		19
Cash Flow Statement		20
Notes to the Cash Flow Statement
Notes to the Financial Statements	22	to	35

							2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
				funds	fund	fund	funds	funds
			Notes	6	2	E	E	5
INCOME AND
ENDOWMENTS	FROM
Donations and legacies			2	7,647			7,647
Charitable activities
Housing for older	people			891,003	9,817		900,820	886,280
Care home				1,863,896	74,954		1,938,850	1,698,210
Investment income				19			19	25
Total				2,762,565	84,771		2,847,336	2,584,515
EXPENDITURE	ON
Charitable activities
Housing for older	people			869,025	9,817		878,842	753,525
Care home				1,719,515	74,954		1,794,469	1,709,319
Total				2,588,540	84,771		2,673,311	2,462,844
Net gains/(losses)	on
investments				71,026			71,026	(132)
NET INCOME				245,051			245,051	121,539
Other recognised
gains/(losses)
Actuarial gains/(losses)		on
defined benefit schemes				(289,126)			(289,126)	359,646
Net movement in funds				(44,075)			(44,075)	481,185
RECONCILIATION OF
FUNDS
Total funds brought
forward				6,788,661		40,503	6,829,164	6,347,979
TOTAL FUNDS	CARRIED
FORWARD				6,744,586		40,503	6,785,089	6,829,164

	31 MARCH 2021
		2021	2020
	Notes		9
FIXEDASSETS
Tangible assets	13	7,519,373	7,580,841
Investments	14	363,052	292,026
		7,882,425	7,872,867
CURREI4T ASSETS
Debtors		91,037	85,346
Cash at bank		267,795	122,649
		358,832	207,995
CREDITORS
Amounts falling due within one year		(308,953)	(258,085)
NET CURRENT ASSETS		49,879	(50,090)
TOTAL ASSETS LFSSCURRENT
LIABILITIES		7,932,304	7,822,777
CREDITORS
Amounts falling due aRer more than one year	17	(717,540)	(792,259)
PROVISIONS FOR LIABIUTIES	20	(429,675)	(201,354)
NET ASSETS		6,785,089	6,829,164
FUNDS	22
Unrestdcted funds		6,744,586	6,788,661
Endowment funds		40,503	40,503
TOTAL FUNDS		6,785,089	6,829,164

				FOR TH	E YEAR ENDED	31 MARCH 2021
						2021	2020
					Notes
Cash flows from		operating		activities
Cash generated	from operations				1	369,T18	165,397
Interest paid						(36,896)	(40,059)
Finance costs paid						(4,098)	(13,000)
Net cash provided		by operaang activities				328,T24	112,338
Cash flows from		investing		activities
Purchase oftangible fixed assets						(109,407)	(69,892)
Interest received						'I9	25
Nei cash used in		investing	activities			(109,388)	(69,867)
Cash flows (rom		financing		activities
Loan repayments		in year				(74,190)	(61,960)
Net cash used in		financing	activities			(74,190)	(61,960)
Change in cash		and cash		equivalents
in the reporting		period				145,146	(19,489)
Cash and cash	equivalents			at the
beginning ofthe		reporting		period		122,549	142,138
Cash and cash	equivalents			at the end
ofthe reporting		period				267,795	122,649

							2021	2020
								8
	Iget income for the	reporting		period (as per the Statement	of
	Financial Activities)						245,051	121,539
	Adjustments for:
	Depreaation charges						170,480	162,236
	(Gain)/losses on investments						(71,026)	132
	Loss on disposal of	fixed assets					395	3,136
	Interest received						(19)	(25)
	Interest paid						36,896	40,059
	Finance costs						4,098	13,000
	Increase in debtors						(5,691)	(19,803)
	Increase/(decrease)	in creditors					50,339	(111,577)
	Difference between	pension	charge and cash contributions				(60,805)	(43,300 )
	Net cash provided	by operations					369,718	'I65,397
2.	ANALYSIS OF CHANGES		IN	NET DEBT
					At	1.4.20	Cash flow	At 31.3.21
						8	8	6
	Net cash
	Cash at bank				122,649		145,146	267,795
					122,649		145,146	267,795
	Debt
	Debts falhng due within 1 year Debts falling due after 1year				(74,952) (792,259 )		(529) 74,719	(75,481) (717,540)
					(867,211)		74,190	(793,021)
	Total				(744,562)		219,336	(525,226)

DONATIONS	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES	AND LEGACIES
											2021	2020
												E
Donations											7,647
INVESTMENT INCOME
											2021	2020f
Deposit	account			interest							19	25
All investment			income is derived			from	assets held	in the	United	Kingdom.
INCOME FROM				CHARITABLE		ACTIVITIES
											2021	2020
					Activity						E	f
Social housing
maintenance			contributions		Housing		for older people				891,003	863,780
Grants					Housing		for older people				9,817	22,500
Residential		care		home	Care home						1,782,931	1,698,210
Grants					Care home						155,919
											2,839,670	2,584,490
Grants	received,			included	in the	above, are as follows:
											2021	2020
												E
Homes	England											22,500
Hampshire		County Council									125,490
Surrey	County		Council								1,000
HMRC	—CJRS and SSP Grants										39,246
											165,736	22,500
CHARITABLE ACTIVITIES COSTS
										Direct	Suppart
										Costs (see	costs (see
										note 6) E	note 7) f	Totals E
Housing	far	older		people						601,908	276,934	878,842
Care home									1,632,552		161,917	1,794,469
									2,234,460		438,851	2,673,311

								2021	2020
	Services							1,831,214	1,717,620
	Day to day maintenance							131,148	127,535
	Cyclical	maintenance						53,801	68,726
	Extraordinary		maintenance					13,348	18,925
	Other costs							31,798	29,706
	Depreciation							132,157	129,875
	Interest	payable and similar charges						40,994	53,059
								2,234,460	2,145,446
7.	SUPPORT COSTS
								Governance
							Management	costs	Totals
							E	E
	Housing	for	older people				273,213	3,721	276,934
	Care home						155,984	5,933	161,917
							429,197	9,654	438,851
	Support	costs, included			in the above, are as follows:
	Management
								2021	2020
						Housing
						tor older		Total	Total
						people	Care home	activities	activities
						E	E		E
	ITexpenses					14,406	14,405	28,811	29,406
	Personnel								2,285
	Building	and	office costs			16,815	5,967	22,782	20,903
	PR and	advertising		costs		2,525	5,041	7,566	7,364
	Management		costs			130,572	130,571	261,143	248,551
	Future housing					108,895		108,895
						273.213	155,984	429,197	308,509
	Governance		costs
								2021	2020
						Housing
						for older		Total	Total
						people	Care home	activities	activities
						E	E	E	E
	Auditors'	remuneration				1,971	3,933	5,904	5,892
	Auditors'	remuneration			for non audit
	work					250	500	750	750
	Governance		costs			1,500	1,500	3,000	2,247
						3,721	5,933	9,654	8,889

		2021	2020
			E
Auditors' remuneration		5,904	5,892
Other non-audit	services	750	750
Depreciation -	owned assets	170,480	162,236

STAFF CO	STS
		Year	Penod
		01.04.20	0103 19
		to	to
		31.3.21	31.03.20
Wages and	salaries	1,503,635	1,350,534
Social security costs		95,545	87,513
Employer's	pension costs	43,298	44,747
		1,642,478	1,482,794

			2021	2020
Administration			3	3
Maintenance			3	3
Housing, support	and	care	64	63
			70	69

The number of employees	The number of employees	whose	whose	employee	benefits (excluding	benefits (excluding	employer	pension	costs)	costs)	exceeded
860,000was
								2021			2020
560,001 —570,000											1
870,001 —880,000
COMPARATIVES	FOR THE STATEMENT OF FINANCIAI					ACTIVITIES
					Unrestnrted	Restricted		Endowment			Total
					funds		fund	fund			funds
					5						5
INCOME AND ENDOWMENTS			FROM
Donations and legacies
Charitable activities
Housing for older people					886,280						886,280
Care home					1,698,210						1,698,210
Investment income					25						25
Total					2,584,515					2,584,515
EXPENDITURE ON
Charitable activities
Housing for older people					753,525						753,525
Care home					1,709,319						1,709,319
Total					2,462,844					2,462,844
Net gains/(losses)	on investments				(132)						(132)
NET INCOME					121,539						121,539
Other recognised	gains/(losses)
Actuanal gains on	defined	benefit
schemes					359,646						359,646
Net movement in	funds				481,185						481,185
RECONCILIATION	OF FUNDS
Total funds brought forward					6,307,476			40,503		6,347,979
TOTAL FUhlDS CARRIED		FORWARD			6,788,661			40,503		6,829, 164

					Year	Pened
					1.4.20	1.4.19
					to	to
					313.21	31.3.20
						E
Charitable income - fees and maintenance			contributions		2.673,934	2,556,224
Charitable income - donations and legacies					7,647	5,766
Charitable income - grants					165,736	22,500
Charitable expenditure					(2.673.311)(2,462,844)
					174,006	121,646
Adjustment	for pension	funds, investments,	maintenance	reserve and	3,078	25,469
capital grant
Charitable surplus					177,084	'I47,115
TANGtBLE	FIXEDASSETS
					Fixtures
			Freehold	Plant and	and
			property	machinery	fieings	Totals
					E	E
COST
At 1 April 2020			9,625,621	84,177	405,501	10,115,299
Additions			68,270	27,760	13,377	109,407
Disposals			(25,477)	(1,856)	(4,760)	(32,093)
At 31 March	2021		9,668,414	110,081	414,118	10,192,613
DEPRECIATION
At 1 April 2020			2,125,113	48,729	360,616	2,534,458
Charge for year			132,156	17,960	20,364	170,480
Eliminated on disposal			(25,477)	(1,785)	(4,436)	(31,698)
At 31 March	2021		2,231,792	64904	376,544	2,673,240
NET BOOK	VALUE
At 31 March	2021		7,436,622	45,177	37,574	7,519,373
At 31 March	2020		7,500,508	35,448	44,885	7,580,841

FIXEDASSET IN	VESTM	E	NTS
							Listed
							investments
MARKET VALUE
At 1 Apnl 2020							292,026
Revaluations							71,026
At 31 March 2021							363,052
NET BOOK VALUF
At 31 March 2021							363,052
At 31 March 2020							292,026
There were no investments			assets held outside the UK
Cost or valuation	at 31 March 2021 is represented by:
							Listed
							investments
							E
Valuation in 2021							363,052
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2021	2020
							E
Arrears ofmaintenance		contnbutions		and care home fees		11,557	19,092
Other debtors						2,878	'I,459
Prepayments and	accrued		income			76,602	64,795
						91,037	85,346
CREDITORS: AMOUNTS			FALLING	DUE WITHIN ONE	YEAR
						2021	2020
						E
Bank loans and overdrafts			(see note	18)		73,501	72,302
Other loans (see	note 18)					1,980	2,650
Trade creditors						54,220	72,664
Maintenance contributions			and care home fees recewed		in advance	94,311	28,196
Social secunty and other taxes						34,810	32,181
Other creditors						50,131	49,892
						308,953	258,085
						2021	2020
						E	E
Brought forward						28,196	34,077
Amount released	to incoming resources					(28,196)	(34,077)
Amount deferred	in year					94,311	28,196
Carried forward						94,311	28,196

			2021	2020
				B
Bank loans (see note 16)			699,936	772,675
Other loans (see note 18)			17,604	19,584
			717,540	792,259
LOANS
An analysis of the maturity	ofloans is given below
			2020	2020
			6
Amounts falling due within	one year
Bank loans			73,501	72,302
Other loans			1,980	2,650
			75,481	74,952
Amounts falling due between		two and five years
Bank loans			101,215	149,053
Other loans			9,661	8,204
			110,876	157,257
Amounts failing due in more than five years
Bank loans			598,721	623,622
Other loans			7,943	11,380
			606,664	635,002

	2021	2020
		2
Bankloans	773,437	844,977

								31 March 2021	31 March 2020
									F
Provision at start		of period						197,000	605,000
Unwinding of the		discount	factor					4,000	'I3,000
Deficit contribution		paid						(83,000)	(78,000)
Impact ofchange		in assurnplions						289,000	(364,000)
Current service cost								14,000	14,000
Expenses								5,000	5,000
SHPS Provision	at end of		pedod					426,000	197,000
TPT Retirement	Solutions		- The Growth		Plan			3,675	2,675
Provision at end	ofperiod							429,675	201,354
Income and expenditure			impact
								31 March 2021	31 March 2020
								6	E
Interest expense								4,000	12,000
Impact af change		m assumptions		8 cantnbution		schedule		289,000	325,847
Current service cost								14,000	23,000
Expenses								5,000	5,000
Assumptions
						31 March	2021	31 March 2020	31 March 2019
						'/o per annum		'/ii per annum	'/a per annum
Rate ofdiscount							2.15	2.39	2.29

ANALYSIS	O	F NET	AS	SETS B	ETWEEN FU	NDS
								2021	2020
				Unrestricted		Restricted	Endowment	Total	Total
					funds	fund	fund	funds	funds
					6		6		6
Fixed assets				7,519,373				7,519,3T3	7,580,841
Investments					363,052			363,052	292,026
Current assets					318,329		40,503	358,832	207,995
Current liabilities				(308,953)				(308,953)	(258,085)
Long term liabilities				(717,540)				(717,540)	(792,259)
Provision for	liabilities			(429,675)				(429,675)	(201,354)
				6,744,586			40,503	6,785,089	6,829,164
MOVEMENT		IN FUNDS
							Net	Transfers
							movement	between	At
						At 1.420	in funds	funds	31.3.21
							6	6
Unrestricted		funds
General fund						6,251,23T	(49,205)	128,712	6,330,744
Capital reserve						128,712		(128,712)
Cyclical maintenance			reserve			283,769	5,599		289,368
Extraordinary		repairs	reserve			124,943	(469)		124,474
						6,788,661	(44,075)		6,744,586
Endowment		funds
Endowment	reserve					40,503			40,503
TOTAI FUNDS						6,829,164	(44,075)		6,785,089
Net movement		in funds,		included	in the above	are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
								6
Unrestricted		funds
General fund						2,762,565	(2,593,670 )	(218,100)	(49,205)
Cyclical maintenance			reserve				5,599		5,599
Extraordinary		repairs	reserve				(469)		(469)
						2,762,565	(2,588,540)	(218,100)	(44,075)
Restricted funds
Coronavirus	Support		Fund			84,771	(84,771 )
TOTAL FUNDS						2,847,336	(2,673,311)	(218,100)	(44,075)

				Net
				movement	At
			At 1.4.19	in funds	31.3.20
			E	8
Unrestricted	funds
General fund			5,754,679	496,557	6,251,236
Capital reserve			128,712		128,712
Cyclical maintenance		reserve	293,096	(9,326)	283,770
Extraordinary	repairs	reserve	130,989	(6,046)	124,943
			6,307,476	481,185	6,788,66'I
Endowment	funds
Endowment	reserve		40,503		40,503
TOTALFUNDS			6,347,979	481,185	6,829,164

Comparative	net mov	ement in funds,	included in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	lasses	in funds
			7	8	8
Unrestricted	funds
General fund			2,584.515	(2,447,472)	359,514	496,557
Cyclical maintenance		reserve		(9,326)		(9,326)
Extraordinary	repairs	reserve		(6,046)		(6,046 )
			2,584,515	(2,462,844)	359,514	481,185
TOTAL FUNDS			2,584,515	(2,462,844)	359,514	481,185