**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 Page 1 ## **HOME OF COMFORT** ## **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 Page 2 ## **HOME OF COMFORT** ## **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 Page 3 **HOME OF COMFORT** ## **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. Page 4 continued... **HOME OF COMFORT** ## **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| |---|---| Page 5 continued... **HOME OF COMFORT** ## **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| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| Page 6 continued... **HOME OF COMFORT** ## **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| |---|---|---| Page 7 continued... **HOME OF COMFORT** ## **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. Page 8