REGISTERED CHARITY NUMBER: 202191
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
HOME OF COMFORT
HOME OF COMFORT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
HOME OF COMFORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. The trustees refer to public benefit throughout this report.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The governing document is a trust deed; the Trustees being made up of a Chair, the Hon Treasurer ex officio and one or more others.
The Home also uses a Governance Procedures document based on a Charity Commission model constitution to set out the procedures used for day to day management.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
202191
Principal address
17 Victoria Grove Southsea Hampshire PO5 1NF
Trustees
Mr Fred Matthews Mrs Sally King Mrs M S Smy (Chair) Mrs Valerie Croughan Rev Giles Harris-Evans Robin Hall
Approved by order of the board of trustees on 24 June 2021 and signed on its behalf by:
Mrs M S Smy - Trustee
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Nursing and caring Investment income 3 Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Nursing and caring Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2020 Unrestricted fund £ - - - - - 1,632,928 1,632,928 - (1,632,928) 1,632,928 - |
2019 Total funds £ 6,276 1,191,528 18,256 |
|---|---|---|
| 1,216,060 2,240 1,339,334 |
||
| 1,341,574 126,964 |
||
| 1,450 1,631,478 |
||
| 1,632,928 |
The notes form part of these financial statements
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BALANCE SHEET 31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 9 Investments 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
2020 Total funds £ - - - - - - - - - - - - |
2019 Total funds £ 170,970 1,342,872 1,513,842 26,118 176,718 202,836 (83,750) 119,086 1,632,928 1,632,928 1,632,928 1,632,928 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 June 2021 and were signed on its behalf by:
M S Smy - Trustee
The notes form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The charity converted from an unincorporated charity (charity number: 202191) to a Charitable Incorporated Organisation (charity number: 1163224) from 1 January 2020. All operations, assets and liabilities were transferred over to the CIO from that date.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Individual fixed assets costing £500 or more are capitalised at cost.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
3.
| Donations INVESTMENT INCOME Income from shares Deposit account interest |
2020 £ - 2020 £ - - - |
2019 £ 6,276 2019 £ 17,440 816 |
2019 £ 6,276 |
|
|---|---|---|---|---|
| 18,256 |
All investment income is derived from assets held in the United Kingdom.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. INCOME FROM CHARITABLE ACTIVITIES
| Activity Fees Nursing and caring Other incoming resources Nursing and caring 5. RAISING FUNDS Investment management costs Portfolio management 6. CHARITABLE ACTIVITIES COSTS Nursing and caring 7. TRUSTEES' REMUNERATION AND BENEFITS |
2020 £ - - - 2020 £ - |
2019 £ 1,190,559 969 |
2019 £ 1,190,559 969 |
|
|---|---|---|---|---|
| 1,191,528 | ||||
| 2019 £ 2,240 Direct Costs £ 1,632,928 |
2019 £ 2,240 |
|||
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustee expenses for the period ended 31 December 2020 nor for the year ended 31 December 2019.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Nursing and caring Investment income Total EXPENDITURE ON Raising funds Charitable activities Nursing and caring Total Net gains on investments |
Unrestricted fund £ 6,276 1,191,528 18,256 1,216,060 2,240 1,339,334 1,341,574 126,964 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 January 2020 151,514 169,473 Disposals (151,514) (169,473) At 31 December 2020 - - DEPRECIATION At 1 January 2020 65,135 117,765 Eliminated on disposal (65,135) (117,765) At 31 December 2020 - - NET BOOK VALUE At 31 December 2020 - - At 31 December 2019 86,379 51,708 10. FIXED ASSET INVESTMENTS There were no investment assets outside the UK. 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
Fixtures and fittings £ 218,973 (218,973) - 186,090 (186,090) - - 32,883 2020 £ - - - |
Unrestricted fund £ 1,450 1,631,478 1,632,928 Totals £ 539,960 (539,960) - 368,990 (368,990) - - 170,970 2019 £ 20,489 5,629 26,118 |
Unrestricted fund £ 1,450 1,631,478 1,632,928 Totals £ 539,960 (539,960) - 368,990 (368,990) - - 170,970 2019 £ 20,489 5,629 26,118 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors 13. MOVEMENT IN FUNDS At 1.1.20 £ Unrestricted funds General fund 1,632,928 TOTAL FUNDS 1,632,928 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund - TOTAL FUNDS - Comparatives for movement in funds At 1.1.19 £ Unrestricted funds General fund 1,631,478 TOTAL FUNDS 1,631,478 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 1,216,060 (1,341,574) TOTAL FUNDS 1,216,060 (1,341,574) |
2020 £ - - - Net movement in funds £ (1,632,928) (1,632,928) Resources expended £ (1,632,928) (1,632,928) Net movement in funds £ 1,450 1,450 Gains and losses £ 126,964 126,964 |
2019 £ 16,085 67,665 83,750 At 31.12.20 £ - - Movement in funds £ (1,632,928) (1,632,928) At 31.12.19 £ 1,632,928 1,632,928 Movement in funds £ 1,450 1,450 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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