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2021-03-31-accounts

Page
Reference and administrative details ofthe Company, its Trustees and advisers
Trustees'
report		 2-5
Trustees' responsibilities
statement
Independent
auditors'		 report on the financial statements 7-10
Statement offinancial activities
Balance sheet 12-13
Statement ofcash flows
Notes to the financial statements 15-32

Endowment Endowment Restricted Restricted Unrestricted Total Total
funds funds funds funds funds
2021 2021 2021 2021 2020
Note
Income and
endowments from:
Donations
and		 legacies 300 1,485 1,785 507
Charitable
activities		 1,198,684 1,198,684 1,153,900
Other trading activities 942
Investments 1,374 1,374 6,151
Other income 1,050 1,050 1,555
Total income
endowments		 and 300 1,202,593 1,202,893 1,163,055
Expenditure on:
Raising funds 297 297 1,243
Charitable
activities		 6,023 1,099,832 1,105,855 1,278,045
Total expenditure 297 6,023 1,099,832 1,106,152 1,279,288
Net gains on
investments		 3,120 3,120 14,417
Net movement
funds		 in 2,823 (5,723) 102,761 99,861 (101,816)
Reconciliation of
funds:
Total funds brought
forward		 46,975 17,733 380,965 445,674 547,490
Net movement in funds 2,823 (5,723) 102,761 99,861 (101,816)
Total funds carried 49,798 12,010 483,726 545,534 445,674
forward
BALANCE SHEET BALANCE SHEET
AS AT 31 MARCH 2021
2021 2020
Note
Fixed assets
Tangible assets 13 276,378 269,377
Investments 14 49,798 46,975
326,176 316,352
Current assets
Stocks 15 2,806 2,770
Debtors 16 366,962 178,649
Cash at bank and in hand 24 213,404 58,595
583,172 240,014
Creditors: amounts falling due within one
year 17 (205,480) (110,693)
Net current assets 377,692 129,321
Creditors: amounts falling due after more
than one year 18 (158,333)
Total net assets 545,535 445,673
Charity funds
Capital Funds 20 49,798 46,975
Restricted funds:
Restricted
Fund		 20 12,010 17,733
Total restricted funds 20 12,010 17,733
Unrestricted
funds
General funds 20 483,727 380,965
Total unrestricted funds 20 483,727 380,965
Total funds 545,535 445,673

2021 2020
Cash flows from operating
activities
Net cash used
in operating
activities		 (144) (185,894)
Cash flows from investing
activities
Dividends,
interests
and rents from investments		 1,674 6,151
Purchase oftangible
fixed assets		 (36,719) (63,131)
Proceeds from sale of investments 220,000
Net cash (used in)/provided
by investing		 activities (35,045) 163,020
Gash flows from financing
activities
Cash inflows from new borrowing 190,000
Net cash provided
by financing
activities		 190,000
Change
in cash and cash equivalents
in		 the year 154,811 (22,874)
Cash and cash equivalents
at the beginning		 ofthe year 58,594 81,468
Cash and cash equivalents
at the end of		 the year 213,405 58,594
The notes on pages 15to 32 form part ofthese financial statements

Unrestricted Total Total
funds funds funds
2021 2021 2020
F E
Residential care fees 1,112,312 1,112,312 1,153,900
Government grants relating to Covid-19 support 86,372 86,372
1,198,684 1,198,684 1,153,900
Total 2020 1,153,900 1,153,900
Government grant income comprises f12,779 received under the job retention scheme, and E73,593
relating to council infection control and rapid test funding grants.

Restricted Total Total
funds funds funds
2021 2021 2020
F E
Raffle 8 Events 942
Tot:al 2020 942 942

Unrestricted Total Total
funds funds funds
2021 2021 2020
Dividend income 1,374 1,374 6,151
Total 2020 6,151 6,151

Unrestricted Total Total
funds funds funds
2021 2021 2020
F
Staff accommodation income 1,050 1,050 1,555
Total 2020 1,555 1,555

Endowment Total Total
funds funds funds
2021 2021 2020
E
Portfolio management costs 297 297 1,243
Total 2020 1,243 1,243

Activities
undertaken Total Total
directly Support costs funds funds
2021 2021 2021 2020
E
Care home activities 899,575 206,280 1,105,855 1,278,045
Total 2020 1,045,811 232,234 1,278,045

Total Total
Actiwties funds funds
2021 2021 2020
Staff costs 549,671 549,671 608,893
Depreciation 28,738 28,738 27,451
Agency staff 58,509 58,509 103,463
Messing 57,817 57,817 69,491
Water rates 11,346 11,346 12,458
Repairs &garden maintenance 60,949 60,949 91,700
Light &heat 35,644 35,644 35,470
Insurance 15,490 15,490 15,905
Cleaning
8 waste		 removal 28,624 28,624 23,535
CQC registration fees 5,511 5,511 6,006
Advertising 1,346 1,346 5,873
Hire ofequipment 12,511 12,511 17,052
Staff recruitment 2,258 2,258 1,637
Staff training 9,588 9,588 11,165
Care of residents 17,942 17,942 10,485
Residents'
entertaining		 2,651 2,651 3,574
Loss/(profit)
on disposal offixed assets		 980 980 1,653
Total 2021 899,575 899,575 1,045,811
Total 2020 1,045,811 1,045,811

Total Total
Activities funds funds
2021 2021 2020
E
Staff costs 160,581 160,581 158,416
Motor 8 travel 254 254 3,153
Staff entertainment 1,781
Printing,
postage 8 stationery		 3,937 3,937 7,921
Telephone 1,518 1,518 3,099
General expenses 8,325 8,325 8,691
Bank charges 1,058 1,058 1,232
Legal 8.professional
fees		 9,539 9,539 21,995
Computer
and website expenses		 9,368 9,368 9,446
Governance
costs		 11,700 11,700 16,500
206,280 206,280 232,234
Total 2020 232,234 232,234
10. Auditors'
remuneration
2021 2020
Fees payable to the Company's
annual accounts		 auditor for the audit ofthe Company's 6,468 6,720
Fees payable to the Company's auditor in respect of:
All non-audit
services not included		 above 5,232 9,780
11. Staff costs
2021 2020
Wages and salaries 645,631 702,983
Social security costs 51,644 51,509
Contribution
to defined contribution		 pension schemes 12,978 12,817
710,253 767,309

2021 2020
No. No.
Residential care 32 37
Management and administration 5 5
37 42

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14. Investments
2021 2020
Market value brought forward 46,976 253,801
Acquisitions
at cost
Sales proceeds from disposals 5,000
Broker's management fees (297) (1,242)
Increase/(decrease) in cash deposits (220,000)
Increase/(decrease) in market value in the year (1,881) 14,417
Market value carried forward 49,798 46,976
2021 2020
F
Market value ofinvestments by class:
UK Fixed Interest Bonds 18,262 23,575
UK Equities 9,560 8,412
Non UK Equities 6,210 4,161
Alternative
Assets		 3,358 3,120
Cash deposits 12,408 7,705
49,798 46,973
15. Stocks
2021 2020
Stock offood and cleaning materials 2,806 2,770

16. Debtors FOR THE YEAR ENDED 31 IIARCH 2021
2021 2020
F E
Due within one year
Trade debtors 105,488 118,670
Amounts
owed by group undertakings		 227,671 37,671
Other debtors 3,121
Prepayments and accrued income 33,803 19,187
366,962 178,649
17. Creditors: Amounts falling due within one year
2021 2020
Bank loans 31,667
Payments
received on		 account 2,595 20,675
Trade creditors 42,777 52,817
Other taxation and social security 15,207 12,628
Pension
fund		 loan payable 2,910 2,298
Other creditors 1,107 801
Accruals and deferred income 109,217 21,474
205,480 110,693
1&. Creditors: Amounts falling due after more than one year
2021 2020
F
Bank loans 158,333

Included
within the above are amounts
falling due as fol		 lows:
2021 2020
Between one and two years
Bank loans 38,000
Between two and five years
Bank loans 114,000
Over five years
Bank loans 6,333

2021 2020
E
Financial assets
Financial assets measured at fair value through income and expenditure 263,202 105,569

Statement offunds - curre nt year
Balance at 1 Gains/ Balance at 31
April 2020 Income Expenditure (Losses) March 2021
E E
Unrestricted
funds
General Funds 380,965 1,202,594 (1,099,832) 483,727
Capital funds
Investment
Fund		 46,975 (297) 3,120 49,798
Restricted funds
Queen
Mary's
Fund		 3,770 300 4,070
Special Projects Fund 13,963 (6,023) 7,940
17,733 300 (6,023) 12,010
Total offunds 445,673 1,202,894 (1,106,152) 3,120 545,535

Stateme nt offun ds - prior year
Balance at
Balance at Transfers Gains/ 31 March
1 April 2019 Income Expenditure in/out (Losses) 2020
Unrestricted
funds
Designated
funds
Special Projects
Fund 743 (?43)
General funds
General Funds 222,265 1,161,606 (1,268,078) 265,172 380,965
Total
Unrestricted
funds 223,008 1,161,606 (1,268,078) 264,429 380,965
Capital funds
Investment fund 253,801 (1,243) (220,000) 14,417 46,975
Restricted
funds
Queen Mary' s
Fund 7,407 1,449 (2,717) (2,369) 3,770
Special
Fund		 Projects 63,273 (7,250) (42,060) 13,963
70,680 1,449 (9,967) (44,429) 17,733
Total offunds 547,489 1,163,055 (1,279,288) 14,417 445,673

Summary offunds - curr ent year
Balance at 1 Gains/ Balance at 31
April 2020 Income Expenditure (Losses) March 2021
P F
General funds 380,965 1,202,594 (1,099,832) 483,727
Endowment funds 46,975 (297) 3,120 49,798
Restricted funds 17,733 300 (6,023) 12,010
445,673 1,202,894 (1,106,152) 3,120 545,535

Summary offund s - prior year
Balance at
Balance at Transfers Gains/ 31 March
1 April 2019 Income Expenditure in/out (Losses) 2020
F F
Designated
funds 743 (743)
General funds 222,265 1,161,606 (1,268,078) 265,172 380,965
Endowment
funds 253,801 (1,243) (220,000) 14,417 46,975
Restricted funds 70,680 1,449 (9,967) (44,429) 17,733
547,489 1,163,055 (1,279,288) 14,417 445,673

Analysis ofnet assets between funds - current year
Restricted Unrestricted Total
Capital fund funds funds funds
2021 2021 2021 2021
E
Tangible fixed assets 7,940 268,438 276,378
Trade investments 49,798 49,798
Current assets 4,070 579,102 583,172
Creditors due within one year (205,480) (205,480)
Creditors due in more than one year (158,333) (158,333)
Total 49,798 12,010 483,727 545,535
Analysis ofnet assets between funds - prior year
Restricted Unrestricted Total
Capital fund funds funds funds
2020 2020 2020 2020
Tangible fixed assets 13,963 255,414 269,377
Trade investments 46,975 46,975
Current assets 3,770 236,243 240,013
Creditors due within one year (110,692) (110,692)
46,975 17,733 380,965 445,673

23. Reconciliation
of net		 movement movement in funds to in funds to net cash flow from operating activities
2021 2020
E
Net
income/expenditure		 for the year (as per Statement of Financial
Activities) 99,861 (101,816)
Adjustments
for:
Depreciation
charges		 28,738 27,451
Losses on investments (3,120) (14,417)
Dividends,
interests
and rents		 from investments (1,374) (6,151)
Loss on the sale offixed assets 980 5,544
Increase
in stocks		 (36) (818)
Increase
in debtors		 (188,313) (61,101)
Increase/(decrease)
in		 creditors 63,120 (35,828)
Portfolio manger fees 1,242
Net cash used in operating activities (144) (185,894)
24. Analysis ofcash and cash equivalents
2021 2020
Cash in hand 213,405 58,594
25. Analysis ofchanges in net debt
At 1 April At 31 March
2020 Cash flows 2021
F
Cash at bank and in hand 58,594 154,810 213,404
Debt due within
1		 year (2,298) (32,278) (34,576)
Debt due after 1 year (158,333) (158,333)
56,296 (35,801) 20,495

2021 2020
E F
Not later than 1 year 2,696 3,234