| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details ofthe Company, | iis Trustees and Advisers | 1 | |
| Trustees' Report | 2-6 | |||
| Trustees' Responsibilities Statement |
||||
| Independent Auditors' |
Report | on the Financial Statements | 8-11 | |
| Statement ofFinancial | Activities | 12 | ||
| Balance Sheet | 13-14 | |||
| Statement ofCash Flows | ||||
| Notes tothe Financial | Statements | 16-31 |
| Trustees | Mr R H Dowler MBE | Mr R H Dowler MBE | |||
|---|---|---|---|---|---|
| Major JTTatham | |||||
| Col. N E L Gilbert | |||||
| Mr A D Bott FCCA | |||||
| MrJ M L Williams | MA | ||||
| Company number |
registered | 06768177 | |||
| Charity registered | |||||
| number | 1179990 | ||||
| Registered | office | Albany House | |||
| Claremont Lane |
|||||
| Esher | |||||
| Surrey | |||||
| KT109FQ | |||||
| Company | secretary | Mr A D Bott FCCA | |||
| Independent | auditors | Wellden Turnbull |
Limited | ||
| Statutory Auditors |
|||||
| Albany House | |||||
| Claremont Lane |
|||||
| Esher | |||||
| Surrey | |||||
| KT109FQ | |||||
| Bankers | National Westminster |
Bank PLC | |||
| 73 High Street | |||||
| Walton on Thames | |||||
| Surrey | |||||
| KT12 1DW | |||||
| Solicitors | Moore Blatch | ||||
| Onslow House | |||||
| 9The Green | |||||
| Richmond | |||||
| Surrey | |||||
| TW9 1PU |
| FOR THE YE | AR ENDED 31 | MARCH 2022 | ||||
|---|---|---|---|---|---|---|
| Capital funds |
Restricted funds |
Unrestricted funds |
Total funds |
Total funds |
||
| Note | 2022f | 2022f | 2022 f |
2022 | 2021 F |
|
| Income and | ||||||
| endowments from: |
||||||
| Donations and legacies |
745 | 2,103 | 2,848 | 1,785 | ||
| Charitable activities |
1,202,578 | 1,202,578 | 1,198,684 | |||
| Investments | 1,497 | 1,497 | 1,374 | |||
| Other income | 2,090 | 2,090 | 1,050 | |||
| Total income and endowments |
745 | 1,208,268 | 1,209,013 | 1,202,893 | ||
| Expenditure on: |
||||||
| Raising funds | 377 | 377 | 297 | |||
| Charitable activities |
4,628 | 1,223,159 | 1,227,787 | 1,105,855 | ||
| Total expenditure | 377 | 4,628 | 1,223,159 | 1,228,164 | 1,106,152 | |
| Net (expenditure) /income before net |
||||||
| gains on investments |
(377) | (3,883) | (14,891) | (19,151) | 96,741 | |
| Net gains on investments |
2,665 | 2,665 | 3,120 | |||
| Net movement in funds |
2,288 | (3,883) | (14,891) | (16,486) | 99,861 | |
| Reconciliation of |
||||||
| funds: | ||||||
| Total funds brought forward |
49,798 | 12,010 | 483,727 | 545,535 | 445,674 | |
| Net movement in funds |
2,288 | (3,883) | (14,891) | (16,486) | 99,861 | |
| Total funds carried forward |
52,086 | 8, 127 | 468,836 | 529,049 | 545,535 |
| BALANCE SHEET | BALANCE SHEET | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| AS AT 31 MARCH 2022 | |||||||||
| 2022 | 2021 | ||||||||
| Note | F | 5 | |||||||
| Fixed assets | |||||||||
| Tangible assets | 12 | 280,338 | 276,378 | ||||||
| Investments | 52,086 | 49,798 | |||||||
| 332,424 | 326,176 | ||||||||
| Current assets | |||||||||
| Stocks | 14 | 2,881 | 2,806 | ||||||
| Debtors | 15 | 89,566 | 366,962 | ||||||
| Cash at bank | and | in | hand | 194,331 | 213,404 | ||||
| 286,778 | 583,172 | ||||||||
| Creditors: amounts year |
falling | due within one | 16 | (90,153) | (205,480) | ||||
| Net current | assets | 196,625 | 377,692 | ||||||
| Total assets | less | current | liabilities | 529,049 | 703,868 | ||||
| Creditors: amounts than one year |
falling | due after more | 17 | (158,333) | |||||
| Total net assets | 529,049 | 545,535 | |||||||
| Charity funds | |||||||||
| Capital funds | 19 | 52,086 | 49,798 | ||||||
| Restricted funds | 19 | 8,127 | 12,010 | ||||||
| Unrestricted | funds | 19 | 468,836 | 483,727 | |||||
| Total funds | 529,049 | 545,535 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| F | |||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities | 208,907 | (144) | ||
| Cash flows from investing | activities | ||||
| Dividends, interests and rents from investments |
1,496 | 1,674 | |||
| Purchase oftangible fixed assets |
(39,100) | (36,719) | |||
| Portfolio management fees |
(377) | ||||
| Net cash used in investing | activities | (37,981) | (35,045) | ||
| Cash flows from financing | activities | ||||
| Cash inflows from new borrowing | 190,000 | ||||
| Repayments of borrowing |
(190,000) | ||||
| Net cash (used in)/provided | by financing | activities | (190,000) | 190,000 | |
| Change in cash and cash |
equivalents in |
the year | (19,074) | 154,811 | |
| Cash and cash equivalents | at the beginning | ofthe year | 213,405 | 58,594 | |
| Cash and cash equivalents | at the end of | the year | 194,331 | 213,405 | |
| The notes on pages 16 to 31 form part ofthese financial statements. |
| Dividend income |
|---|
| Total2021 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2021 |
| F | E | E |
| 1,497 | 1,497 | 1,374 |
| 1,374 | 1,374 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | E | E | |||
| Staff | accommodation | income | 2,090 | 2,090 | 1,050 |
| Total | 2021 | 1,050 | 1,050 |
| Capital | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | E | |||
| Portfolio management | costs | 377 | 377 | 297 |
| Total2021 | 297 | 297 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total | Total | |||
| directly | Support costs | funds | funds | ||
| 2022 8 |
2022 f |
2022 F |
2021 E |
||
| Care home activities | 1,002,915 | 224,872 | 1,227,787 | 1,105,855 | |
| Total 2021 | 899,575 | 206,280 | 1,105,855 | ||
| Analysis ofdirect costs | |||||
| Total | Total | ||||
| Activities | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | E | ||||
| Staff costs | 606,096 | 606,096 | 549,671 | ||
| Depreciation | 35,141 | 35,141 | 28,738 | ||
| Agency staff | 8,261 | 8,261 | 58,509 | ||
| Messing | 68,428 | 68,428 | 57,817 | ||
| Water rates | 6,036 | 6,036 | 11,346 | ||
| Repairs &garden | maintenance | 119,194 | 119,194 | 60,949 | |
| Light &heat | 56,995 | 56,995 | 35,644 | ||
| Insurance | 21,045 | 21,045 | 15,490 | ||
| Cleaning &waste |
removal | 31,391 | 31,391 | 28,624 | |
| CQC registration | fees | 4,988 | 4,988 | 5,511 | |
| Advertising | 2,595 | 2,595 | 1,346 | ||
| Hire ofequipment | 9,328 | 9,328 | 12,511 | ||
| Staff recruitment | 5,211 | 5,211 | 2,258 | ||
| Staff training | 5,378 | 5,378 | 9,588 | ||
| Care ofresidents | 19,158 | 19,158 | 17,942 | ||
| Residents' entertaining |
3,670 | 3,670 | 2,651 | ||
| Loss/(profit) on disposal offixed assets |
980 | ||||
| 1,002,915 | 1,002,915 | 899,575 | |||
| Total2021 | 899,575 | 899,575 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Activities | funds | funds | |||
| 2022f | 2022 | 2021 6 |
|||
| Staff costs | 175,058 | 175,058 | 160,581 | ||
| Motor &travel | 1,089 | 1,089 | 254 | ||
| Staff entertainment | 3,110 | 3,110 | |||
| Printing, postage &stationery |
4,172 | 4,172 | 3,937 | ||
| Telephone | 2,226 | 2,226 | 1,518 | ||
| Generalexpenses | 7,928 | 7,928 | 8,324 | ||
| Bank charges | 1,043 | 1,043 | 1,058 | ||
| Legal &professional fees |
9,708 | 9,708 | 9,539 | ||
| Computer and website expenses |
9,252 | 9,252 | 9,368 | ||
| Governance costs |
11,286 | 11,286 | 11,701 | ||
| 224,872 | 224,872 | 206,280 | |||
| Total 2021 | 206,280 | 206,280 | |||
| Auditors' remuneration |
|||||
| 2022 | 2021 | ||||
| Fees payable to the Company's annual account |
auditor | for the audit ofthe Company's | 6,036 | 6,468 | |
| Fees payable to the Company's | auditor | in respect of: | |||
| All non-audit services not included |
above | 5,250 | 5,232 |
| Staff costs | |||||
|---|---|---|---|---|---|
| 2022f | 2021 | ||||
| Wages and | salaries | 714,919 | 645,631 | ||
| Social security costs | 52,119 | 51,644 | |||
| Contribution | to defined | contribution | pension schemes | 14,116 | 12,978 |
| 781,154 | 710,253 |
| The average | num | ber ofpersons employed by the Compa |
ny during the year was as follo |
ws: | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| No. | No. | |||||
| Residential | care | 34 | 32 | |||
| Management | and | administration | 5 | 5 | ||
| 39 | 37 |
| Plant and | Motor | Fixtures | Computer | Other fixed | ||
|---|---|---|---|---|---|---|
| machinery 8 |
vehicles F |
and fittings 6 |
equipment f |
assets E |
Total E |
|
| At 1 April 2021 | 18,005 | 31,772 | 274,720 | 34,155 | 136,116 | 494,768 |
| Additions | 34,943 | 2,226 | 1,932 | 39,101 | ||
| At 31 March 2022 | 18,005 | 31,772 | 309,663 | 36,381 | 138,048 | 533,869 |
| Depreciation | ||||||
| At 1 April 2021 | 18,005 | 31,772 | 162,125 | 6,488 | 218,390 | |
| Charge for the year | 24,680 | 10,461 | 35,141 | |||
| At 31 March 2022 | 18,005 | 31,772 | 186,805 | 16,949 | — | 253,531 |
| Net book value | ||||||
| At 31 March 2022 | 122,858 | 19,432 | 138,048 | 280,338 | ||
| At 31 March 2021 | 112,596 | 27,666 | 136,116 | 276,378 |
| Investments | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 8 | ||||
| Market value brought | forward | 49,798 | 46,976 | |
| Acquisitions at cost |
29,112 | |||
| Sales proceeds from | disposals | (15,190) | 5,000 | |
| Broker's management | fees | (377) | (297) | |
| Increase/(decrease) | in cash deposits | (5,000) | ||
| Increase/(decrease )in market value |
in the year | (6,256) | (1,881) | |
| Market value carried forward | 52,087 | 49,798 |
| F | OR THE YEAR ENDED 31 MA | RCH 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Market value | of investments | by class: | ||||
| UK Fixed Interest Bonds | 9,896 | 18,262 | ||||
| UK Equities | 11,099 | 9,560 | ||||
| Non UK Equities | 18,818 | 6,210 | ||||
| Alternative Assets |
5,243 | 3,358 | ||||
| Cash deposits | 7,031 | 12,408 | ||||
| 52,087 | 49,798 | |||||
| 14. | Stocks | |||||
| 2022 | 2021 | |||||
| 5 | ||||||
| Stock offood | and cleaning | materials | 2,881 | 2,806 | ||
| 15. | Debtors | |||||
| 2022 f |
2021 f |
|||||
| Due within one year | ||||||
| Trade debtors | 8,780 | 105,488 | ||||
| Amounts owed by group undertakings |
37,671 | 227,671 | ||||
| Other debtors | 59 | |||||
| Prepayments | and accrued | income | 43,056 | 33,803 | ||
| 89,566 | 366,962 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Bank loans | 31,667 | ||
| Payments received on |
account | 28,395 | 2,595 |
| Trade creditors | 23,037 | 42,777 | |
| Other taxation and social security | 14,344 | 15,207 | |
| Pension fund loan payable |
2,777 | 2,910 | |
| Other creditors | 2,153 | 1,107 | |
| Accruals and deferred | income | 19,447 | 109,217 |
| 90,153 | 205,480 |
| 2022 | 2021 |
|---|---|
| F | |
| 158,333 |
| Financial | instrum | ents | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| F | E | ||||||||||
| Financial | assets | ||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 252,673 | 263,202 |
| Statement | offunds - curre | nt year | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Gains/ | Balance at 31 | ||||
| April 2021 8 |
Income | Expenditure f |
(Losses) 8 |
March 2022 F |
||
| Unrestricted | funds | |||||
| General Funds | 483,727 | 1,208,268 | (1,223,159) | 468,836 | ||
| Endowment | funds | |||||
| Investment | Fund | 49,798 | (377) | 2,665 | 52,086 | |
| Restricted | funds | |||||
| Queen Mary's Fund |
4,070 | 745 | 4,815 | |||
| Special Projects Fund | 7,940 | (4,628) | 3,312 | |||
| 12,010 | 745 | (4,628) | 8,127 | |||
| Total offunds | 545,535 | 1,209,013 | (1,228,164) | 2,665 | 529,049 |
| Statement | offunds - prior | year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Gains/ | 31 March | ||||
| 1 April 2020 E |
Income f |
Expenditure | (Losses) F |
2021 f |
||
| Unrestricted | funds | |||||
| General Funds | 380,965 | 1,202,595 | (1,099,833) | 483,727 | ||
| Balance at | ||||||
| Balance at | Gains/ | 31 March | ||||
| 1 April 2020 | Income | Expenditure | (Losses) | 2021 | ||
| E | 8 | |||||
| Capital funds funds | ||||||
| Investment | Fund | 46,975 | (297) | 3,120 | 49,798 | |
| Balance at | ||||||
| Balance at | Gains/ | 31 March | ||||
| 1 April 2020 | Income | Expenditure | (Losses) | 2021 | ||
| E | E | E | F | |||
| 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 | 1,202,895 | (1,106,153) | 3,120 | 545,535 |
| Balance at 1 | Gains/ | Balance at 31 | |||||
|---|---|---|---|---|---|---|---|
| April 2021 | Income | Expenditure | (Losses) | March 2022 F |
|||
| General | funds | 483,727 | 1,208,268 | (1,223,159) | 468,836 | ||
| Endowment | funds | 49,798 | (377) | 2,665 | 52,086 | ||
| Restricted | funds | 12,010 | 745 | (4,628) | 8,127 | ||
| 545,535 | 1,209,013 | (1,228, 164) | 2,665 | 529,049 |
| Summary | offunds - prio | r year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | Gains/ | 31 March | |||||
| 1 April 2020 5 |
Income 8 |
Expenditure F |
(Losses) 5 |
2021 5 |
|||
| General funds | 380,965 | 1,202,595 | (1,099,833) | 483,727 | |||
| Endowment | funds | 46,975 | (297) | 3,120 | 49,798 | ||
| Restricted | funds | 17,733 | 300 | (6,023) | 12,010 | ||
| 445,673 | 1,202, | 895 | (1,106,153) | 3,120 | 545,535 |
| Analysis | of net assets between funds | -current year | |||
|---|---|---|---|---|---|
| Capital | Restricted | Unrestricted | Total | ||
| funds | funds | funds | funds | ||
| 2022f | 2022f | 2022 5 |
2022 F |
||
| Tangible | fixed assets | 3,311 | 277,027 | 280,338 | |
| Trade investments | 52,086 | 52,086 | |||
| Current | assets | 4,816 | 281,962 | 286,778 | |
| Creditors | due within one year | (90,153) | (90,153) | ||
| Total | 52,086 | 8,127 | 468,836 | 529,049 |
| Analysis of net assets between funds -p | rior year | rior year | |||
|---|---|---|---|---|---|
| Capital | Restricted | Unrestncted | Total | ||
| funds | funds | funds | funds | ||
| 2021 | 5 | 2021f | 2021 | 2021 | |
| 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) | |||
| 49,798 | 12,010 | 483,727 | 545,535 |
| 22. | Reconciliation of net |
Reconciliation of net |
movement | movement | movement | in funds | in funds | to | net | cash flow | from | operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||||
| Net income/expenditure Activities) |
for | the | year | (as | per | Statement | of | Financial | (16,486) | 99,861 | ||||
| Adjustments for: |
||||||||||||||
| Depreciation charges |
35,141 | 28,738 | ||||||||||||
| Losses on investments | (1,911) | (3,120) | ||||||||||||
| Dividends, interests and rents |
from investments | (1,497) | (1,374) | |||||||||||
| Loss on the sale offixed | assets | 980 | ||||||||||||
| Increase in stocks |
(74) | (36) | ||||||||||||
| Decrease/(increase) | in | debtors | 277,395 | (188,313) | ||||||||||
| Increase/(decrease) | in | creditors | (83,661) | 63,120 | ||||||||||
| Net cash provided by/(used |
in) operating | activities | 208,907 | (144) | ||||||||||
| 23. | Analysis ofcash and |
cash equivalents | ||||||||||||
| 2022 | 2021 | |||||||||||||
| Cash in hand |
194,331 | 213,405 | ||||||||||||
| 24. | Analysis ofchanges |
in | net debt | |||||||||||
| At 1 April | At 31 March | |||||||||||||
| 2021 | Cash flows | 2022 | ||||||||||||
| 5 | ||||||||||||||
| Cash at bank and in |
hand | 213,404 | (19,073) | 194,331 | ||||||||||
| Debt due within 1 year |
(34,576) | 31,799 | (2,777) | |||||||||||
| Debt due after 1 year | (158,333) | 158,333 | ||||||||||||
| 20,495 | 171,059 | 191,554 |