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|||||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|
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||||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|
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|||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||||
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||||||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||
##
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##
||||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|
##
##
##