##
|||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|
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||||||||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)|
##
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|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|
##
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