COMPANY REGISTRATION NUMBER: 05812992
CHARifi REGISTRATION NUMBER. 202210
Torr Home
Company Limited by Guarantee
Financial Statements
31 December 2021
WESTcorrs
Chartered accountants & statutory auditor
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
PL6 8LT
LTD

Torr Home
Company Limitsd by Guarantse
Flnancial Statements
Year ended 31 December 2021
Page
Trustees, annual report (incorporating the directorfs report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditu￿ account)
15
19
ststement of financlal position
Statement of cash flows
20
21
Notes to the financial statements
22
The followlng pages do not form part of the flnanclal statsments

Torr Home
Company Limlted by Guarantee
Tru5tegs' Annual Report (Incorporating the Directorfs Report)
Year onded 31 December 2021
The trustees, who are also the directors for the purposes of company law. present their report and the
financial slalem8nls of the chanty for the year endèd 31 December 2021.
Reference and admlnlstratlvo dotalls
Reglstered charlty nam•
Torr Home
Charlty reglstratlon number
202210
Company r•glstratlon numb•r 05812992
Prlnclpal offSco and regl8terad The Drive
offlc•
Hartloy
Plymouth
Devon
PL3 5SY
Unlt8d Kingdom
Th• tru8t008
Mr N Major
Mrs E 808WOrth
Mr J Modley
Mr J Roberts
Mrs S Stidever
Cornpany •Krotary
Mr J Robert8
Audltor
Westcotts ISWI Ltd
Chartered accountants & statutory auditor
Plym House
3 Longbridgo Road
Marsh Mills
Plymouth
PL6 8LT

Torr Home
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (Conthiv￿j
Year ended 31 December 2021
1. Introductlon
Torr Home is situated in a beautiful 1yh century country mansion in the highest part of the City of
Plymouth. 11 is a grand s8tting for a Residential Nursing Home having extensive grounds of three
acres and enjoys panoramic views over the City of Plymouth, Dartmoor. Bodmin Moor and out to sea
over Plymouth Sound as far as the Eddy51one Lighthouse. 11 was built as a family home for the late
Robert Bayley and is quite unique for Plymouth. A feature of the hryjse is the beautiful wood panelling
and staircase in the entrance hall.
Torr Home was purchased In 1928 by the Devonport and Wèstern Countles Assoclalion for the Blind
(Registered Charity No. 2022101, which was established lo 'provide a Home or Homes for I￿1nd and
partially sighted persons and lo promote Ih8ir welfare,. Prior to this relocation the Home for the Blind
had been silualéd in Devonport. The Charity became Incorporaleé during 2006 and today operates
under Torr Home whilst still retalnlng the orlglnal charity number of 202210. With the passage of time
Torr Home has évolved. into onè of the premier resldenlial homes in Plymouth and the Southwest. The
Charity 8till spÈcialis8s In caring for people having visual impairment bul has expanded aclivili8$ 10
catèr for all parsons ovèr Sixty years of age. Full nurslng status was acquired during 2008 providing an
important new additional service lo the resldential, convalescence, respite and daycare 5erviGe$
already offered by the Charlty. Sheltered Apartments converted from redundant farm bulldings on site
came on stream from 2010 providing another valuable income stream for the Charity. The services
offered was fvrther supplemenleé in 2012 when the newly con51rucled Glentor Dementia Nursing Unit
opened ils doors lo the public following final commissioning and slaff Irainlng during the early part of
the year.
2. 2021 Flnanclal Porfomianco
2.1 Summa
of 2021 Flnanclal Performance Ke
Polnt•
Consolléaled operating loss of £300,444 was recorded for the year against a budget of
£127,429 and a previous year actual of £209.708. A difficult year with operating performance
suffering from COVID related Sssues that badly affected income from occupancy and was the
cause for exceptionally hSgh Agency Labour cost arising from Govemment imposed COVID
shielding measures and an acute shortage of quality committed Care Staff available in the
Sector.
Nom81 operating performance drlvers were unchanged with Occuparw and th& cost of
Agency Labour sllll major factors but with the added pressure brought about by the pandemic.
Torr 0￿UPancY was 63.10 for the year compared lo 73Vo for 2020 and 77Dh for 2019. Budget
was set at a caulii)us 78¥0. The direct effects of the pandemic meant filling empty beds was
very difficult. On a positive note, the number of empty beds allowed for the completion of the
conversion of the Annexe lo facllilale an addltional 20 secure dementia beds for the Site
The unil has been named the Belltor Centre Sn memory of Torr Home's historul link with
Graham Alexander Bell. Filllng the new dementia beds proved dfficull due lo the many
COVID driven restnctions as oulllned above.
Glenlor Occupancy was 80Vo for 2021 against 97% for 2020 and 99% for 2019. Budget was
sel al 85°h.
Expenditure on Agency Labour across the Sile was an eytrwatering sum of £413,841
compared lo £143,868 in 2020. Expenditure on produclive labour showed an overall adverse
variance of £125,524 against the activity adjusted budget but pnly due ID conservative
budgeting of own labour cost.
Administration Labour cost al £313,504 was substantially above tha budget of £274,577 and
the previous year actual of £256,373. The increased cost was driven by CQC'S direcllve to
increase focus on bureaucracy, red lape alld Governance related issues.

Torr Home
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2021
£145,532 of Government grants received lo help all aspects of increased operating costs in
connection with the pandemic. Work included infection control measures, PPE expenditure
and staff cos15 during isolation.
Cash flow absorption of £502,943 was recorded for the year after nel expenditure of £167,218
on capital additions and £106,139 on special revenLJe projects.
Torr Home recorded an operating loss of £351,582 after adjusting for Government grants
amounting lo £145,532.
Sheltered Apartments operallng surplus was £79,966.
Glenlor Operallng Loss for 2021 was £28,831.
Investments were valued al £1,417,732 as at 31 December 2021 belng £169,447 up on the
opening position for the year.
Clydesdale loans down lo £55,763 from £193,162 at the end of 2020.
2.2- 0 eratln
Performanc
2.2.1 Con601idated O
eratlon
An operating loss of £300.444 was recorded for the year lo 31 at December, 2021 belng down on both
the budgeted performance of £127,429 ané the 2020 surplus of £209,708. Occupancy Issues and the
employment of Agency workers were major factors affecting the financial outcome al Torr and The
Glenlor, A return lo some form normality is the trigger for a much-needed improvement in income
generated. Labour costs can only be reduced through lighter control on casual absences and an
aggresslve pollcy on the employment of Agency Labour.
Consolidated O
In
Perfomi
ch
ul
Operatlng Porfomiance
Decernb8r, 2021
M(wrth Icumul
Budget
Prev Yur
Cum Act
Actual
Revenue Income from Operations
2,701,701
100.0
3,081,939
100.0
2,858,057
ProduclSve labour
Provlsions & foodstuff
Contrlbutlon bgfore overheads
Varlablo ovorhead8
1,994,203
73.8
1,896.082
90,399
1,095,458
185,024
61.5
1.682,850
85,205
1.090.002
178,454
624,811
145,139
23.1
35.5
Contrlbutlon to flxed costs
Flx8d •xpéns•s
479,672
385,211
17.8
14.3
910,434
399,454
29.5
12.9
911.548
341.272
Net Contribution
General Admln18tratlon
94.461
394.905
510.980
383,551
16.6
12.5
570,276
360.568
14.6
A reconciliation of operating performance highlighting the major performance variances and cost
savings is summarised below.

Torr Home
Company Limited by Guarant••
Trustees, Annual Report (Incorporating the Director's Report) (¢onfInu￿j
Year ended 31 December 2021
Cumulat￿e
Reconciliation of operating profrt- 12 Months to December 2021
Budgeted operating Incomelllossl
127,429
Varlances-.
Cumulallve occupancy level al Torr was 83% against budgèt
of 78f*/o and a prev year of 730A. The Glentor occupancy
performanc& al 80Vo was against a budget of 85Vo and a
previous year of 97010. Cumulallve site occupancy remained
15.5 /0 down of budget.
Activity level
{496,4851
Pricelmix
Effect on operallon
Includes £145,532 COVID grant Income received from HM
Government
171,060
Total labour c051 up on budget due lo Agancy Labour cost
belng £413841 for the year again518 prev year of £143868.
The budgeting process dld nol allow for the level of
expenditure we have had for the yéar. High expendllure due
lo COVID relaledlssues and a severe shortage of avallable
labour in the Care Seclor.
Expenditure up on volume adjusted budgel- drlven by higher
post COVID ¢osls.
Producllve labour
{125,524)
Provlslons
(6,029}
Laundry £ {3055), Water Rates £23872 -includ&s one-off
refund of charge for mains water leak in the grounds of Torr
Home, Energg £ 4238. Transportation £1,059, Resident'5
welfare £291, Medical co8ls- stock management initiative
£4839, Waste Disposal £ {2118}, Other costs above budget
2910
Mainlenance Salarles - down 1 staff £23442. Training cost
beneflt from on-line courses £1123, General rates £ {2880).
Insurances £ (4195). Repairs & Maintenance £ 2486.
Cleaning £16461, Energy £5166, Revenue equipment £
{42421, Caredocs £153831, Regi51ralion fees £208, Garden I
pramises malnlenance £153221, Health & Safety £1605),
Misc. l others Includlng sundry 8xpen5es £ (2054),
Depreciatlon £7145.
Variable 8xp8nsos
26,216
Fixed expenses
14,243
Admin salaries including temporary receplionisl &
Governance Manager not in budget- £1389271. employment
costs- introduction fees elc. £6181, Telephones £3275,
Printing, and stationery £144641, Advertising £ 2238,
Travelling Expenses £207, ProfitllLossl on disposal of fixed
assets £5335. Bad debts £10063, Auditors £ {618), Legal &
Professlonal £2698 Others £ 2658.
General
odministralion
111.354)
Actual o
erali
rofrt
(300,444}

Torr Home
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 December 2021
2.2.2 Torr Hom
& Sheltored A artment
An operating loss of £271,818 was recorded at Torr for 2021. This compared to a budgeted sur￿U$ of
£115,019 and a previous year surpSus of £g4,369. Includ8d in Torr Home's figures Is a surplus of
£79,966 from the Sheltered Apartments.
To further Sel off against operating losses Torr r6¢8lv8d COVID grants amountlng lo £145,532, 9
re18ase of a 2020 accrual in connecllon with a water leak of £11,400 and a profit of £5,335 in respect
of the disposal of a motor vehicle.
Th8 undertying performance of the Unil was unsalisfaclory and affected throughout the year by the
COVID19 pandemic which had a negative eff8cI on occupancy and operatlng labour costs.
Expenditure on Agency labour was £305,827, and the bottom-lin8 effect of amply beds was £453,044.
Resolvlng the issues are slralghl fO￿ard but does demand a ralurn to Some form of normallty before
the recovery proces5 can get underway.
2.2.3 Th8 Gl•ntor Contr•
The Glenlor Centre suffered an operollng loss of £28,831 for the year lo 3181 December, 2021
compared to a budgeted $urplu$ of £12,410 and a 2020 sur￿u5 of £115,339. Positive variances
drlvlng performance ¢ame from..
1. Activity - an adverse variance of £43K for the year. Occupancy was affected by COVID a8
filling empty beds became problemallc when vacancles arose.
2. Price- A positive variance of £19K against buégel.
3. Labour including Agency Staff - Agency labour expendllure al £108K was subslanllally up on
the 2020 Spend of £20K but conservative budgeting limited th8 overall adverse labour
varianc8 10 £12K agaln81 actlvlty adlusted budget.

Torr Home
Company Limitsd by Guarantee
Trustses. Annual Report (Incorporatlng the Dlrectorfs Report) (conlffnu•d)
Year anded 31 Décamber 2021
2.2 Cash Flow
Not Cash flow for the year to 318t Docember, 2021 was an ab80rptlon of £502,943 agaln8t
budgeted absorptlon of £225,902 Please see analysls below:
Operating Cashflow
Gener8tionl{Absorpllonl
Prev Year
AGT
Actual
Budgel
Gener81Ionl(Ab8orpllon)
O￿TatIng Surplus I (Lossl
Depreclation
Nel Capital Expendllure
Stock
Dablors
Cre(lilors
Operallng Cash Flow- Gl{A)
Non-o
gratln
Cash Flow- Gl
Bank Inl6resl
Investments Income
Rental Income
Non-operatlng Staff Costs
ecial Revenue Pro
ects
Donallons l Legacle8
Residents Welfare Income
Add 88ck Dapreclatlon
Investments - (Non-cashl
Investments - (Sales Proceeds le88
purch28es>
{300,4441
88,732
{167,218)
127,429
95.877
(250.000)
209, 708
84,384
(175. 135)
132,653)
35,432
{447,015)
{14,998)
103,018
1144710)
15,986
186.440
13,5021
34,962
26,238
17,3291
106,139
(4,7581
20,000
20,000
16,4341
110,000
(7.678)
32.211
31,966
(44,432)
170. 195
451
(558)
467
1825)
Non*Operatlng Cash Flow- Gl{A)
Total Cash Flow- Gl
225 902

Torr Home
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnuedJ
Year ended 31 Decemb8r 2021
2.3 Ca
ital Ex
gndituro
Capital Expenditure for the fvll year lo 31￿ December 2021 was £167,218 again51 a budget of
£250.000. See below..
Project
Ital Ex
gndlture 2
21
12
Months
Spend to
Drt'21
Pre
2021
Spènd
E8tlmated
Outstanding
Expendlturo
DEC'21
Cumulatlve
Spend to
Dec'21
Ral No
Projéct D￿CrIptIOn
Projgcts - (above £50KI
Domentia Day Room
015
259.00
825.00
1,084.00
120,000.00
B•ll-Torr Domontla Pro
New Nurses Offlce
8ell-Torr Security upgrade
Enhanced Nurse call System
New Staircase lo aid Resldenls, Safety &
Securtly
Bell-Torr Room 43 Upgrade
Bell-Torr Room 36 upgrade
Bell-Torr Bathroom Equipment Upgrade
Bell-Torr Safety Handrail System
Room 37 Upgrade
Bell-Torr Central Healing & Hol Water
Upgrade
New Bedroom Furnllure Bell-Torr
Pnvacy Blinds
Ground Floor Wet Room
New Ground Floor Kitchen
New Electricity Supply Annexe & New Day
Centre
Ground Floor Sluice
Bell-Torr Room 24 upgrade
Totsl Bell.Torr Dementla Project
101
101
101
0.00
4,046.00
3,000.00
8,820.00
7,672.40
8,828.00
6,820.00
11,718.40
11,828.00
101
101
101
101
101
119
8,622.00
4,500.00
7,490.00
5,247.00
1,113.00
2,391.00
10,661.00
11,122.00
7.490.00
5,247.00
1,113.00
5,451.00
10,861.00
3,060.00
1001101
101
101
101
101
-0,03
21.19.93
35.82.58
456.00
10,457.61
30,702.03
6,376.00
2,180.50
2,000.00
2,000.00
30,702.00
8,495.93
5.763.08
2,456.00
12,451.61
106
101
101
4,841.00
1,916.00
11367.80
51,721.89
4,000.00
8,841.00
1,916.00
11 367.80
153.443.82
101,980.93
ComJ)1oto
129
New Conservatory
25675.45
28,72S.00
3,000.00
Sub Total
77,397.34
130.705.93
207 844.27
123,000.00
Pro
ects - {above £1 OK and up to £50KI
Complete upgrade and re-configuration No
63
Complete upgrade re-configur81ion & Ext
No57
Apartment 55 upgrade Incl New Kitchen
Upgrade room 18 10 include wel room
Sub Total
045
26,648.40
28,648.40
045
045
015
29,045.00
10.496.00
792.00
66,981.40
29,045.00
10.496.00
792.00
66,981.40
13,000 00
13 000.00

Torr Home
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conllnuad)
Year ended 31 December 2021
Pro
ects- {£2K up to £10K)
Fire Safe storeroom in the Main House
Cellar
Main House bio metric lock front door
Electronic Door Closers - Main House 181
floor
Sub Total
126
15
2,087.00
2,637.00
2,087.00
2,637.00
128
3.890.00
8,614.00
3.890.00
8,614.00
0.00
COMPLETE
Mlscellaneous Ca
£2K):
Asber Pass through Dishwasher
House
Buffalo Range Oven - Maln House
New Rotary Ironer- Slle Laundry
New
Laptop Cllnlcal
Governance
Covorélnalor
Speciallst Shower Chair Torr Home
Offlce Furnllure
Cllnlcal Governance
Ccpordlnalor
Bedroom FurnSlure Maln House Rooms 7
&15
Belllor- 1" Verso 8 Air Mattress System
Belllor- 4" Verso 5 Air Mattress Systems
Belllor- 2. Verso 5 Air Mattress Underlays
Belllor Casa Profiling Bed
Arjo Standing Ai¢J Main House
Oak Bedroom Furniture Main House
Arjo Sledy Standing Aid - Glenlor
Arjo Sledy Standing Aid Belltor
Sub Tota
Ita5 Item8 (up to
Main
020
020
020
1.978.80
1.199.98
2,322.00
1,978.80
1,199.98
2,322.00
030
040
528.42
1,637.00
528.42
1,637.00
030
655.20
655,20
040
040
040
040
101
040
040
040
040
3,459.91
434.60
1,140.00
109.60
555.00
1,200.00
1,26g.96
1,200.00
1200.00
18,890.47
3,459.91
434.60
1,140.00
109.60
555.00
1,200,00
1,269,9e
1,200,00
1200.00
18 890.47
0.00
COMPLETE
Total caplt81 Spend Jan to Dec
Assets disposed @WDB V
Net Ca
Ital Ex endlture
171.883.21
{4.665.501
167,217.71
130,705.93
302.330.14
14,665.501
136,000,00
130 705.93
136 000.00

Torr Home
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (¢ontlnuetlJ
Year ended 31 December 2021
2.5 S lal Revenue Ex
endlture
Spe¢lal Revenue expenditure for 2021 was £106,139".
Torr Home
Special Revenue Expendlture 2021
Chart
Full Yoar
Expendituro
Brlof Do•crfptlon of Exp•ndltur•
Account
8302
Maln House Parapet & Roof
Re
Professlonal Fees
Tele hone Ne
ollalions
Annex Refurblshmenl..
6,060
8309
woo
8313
Mobile
1,248
RelocalSon of Slulc8
Infection control latex flooring Slul¢6 room
Central H8aling Modiflcallons Including Day
Room Adaptions
Bedrooms ReftJrblshmenl- Rooms 27 10 32
Infection control late¥ floorlng Rooms 27.29.30
&31
edrooms Refurbishment- Room 25a
Infection Control latex floorlng Room 25a
Infectlon Control latex floorlng Rooms 21,22
Bedrooms Refurblshment- Room 23
Total Expendllure Annex
3.000
180
3,948
21,302
8317
5,022
3,372
1,654
1,748
Maln
House
Bedrooms
Refurblshmenl
including
Infe¢llon Control Fl¢)orlng
Repalrs to ensulle leak and resulllng walor
damage
Refurbishment Room 7
Infection control latex flooring room 7
Refurbishment Room 14
Refurbishment Room 15
Infection control latex flooring room 15
Relurbishmenl Room 18
Infection control latex floorlng room 19
Reftjrbishmenl Room 22
Infection control latex flooring rooms 12 & 22
Total Expenditure Main House
8320
4,986
9,790
1,747
5,762
4,950
1,747
408
1,136
3,827
2,115
8344
Apartments Refurblshments:
No 63 - Relocate Boiler and Radiator5 to allow
Capllal upgrade
No49
No55
No37
No51
2.647
2.140
1,764
10,991
1,235
18,777
Total EX￿ndit￿re
106,139

Torr Home
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporating the Directorf5 Report) (conllnu8d)
Year ended 31 December 2021
2.6 Inv•stmonts
Torr Home investmènts at the close of play on the 311t of December were valued al £1.417,732 belng
13.570/0 up on the opening valuation of £1,248,285 for 2021.
Factors affecting performance during 2021 included:
Covid 19 was present throughout 2021 and inevitably affected the economy indudiThJ the
travel and leisure sectors.
GOP recovered back to pre-pandemic levels durlng the year bul the emergence of the
Omicron variant of Covld 19 late In the year posed a threat lo tha economy as we approached
the end of the year.
The Bank of England ralsed Inter831 rates in D8¢omber to Combat the Increaslng c08t of Ilvlng
inflallon.
Indlcalions suggest that th8 worst of the pandemic Is over. however. Global uncertaSnly means
Govemmenls and FlnanGlal Institutions will have to keep a close eye on the market as 2022
progresses
Valuation of Torr Home Investments 2021
343¢
I IF4LLry
144ps
14OL•
12495C•
10

Torr Home
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {conllnu
Year ended 31 December 2021
2.7 Bankln
Clydesdale I Vlrgin Bank Loans
both loans.
No change lo report - We remain on Ihe variable interest rate for
The balance outstanding on Clydesdale loans al the end of December, 2021 was £55,763 agalnsl
£193,162 for the same perlod Sn 2020.
3.0 No
lè Events Durln
202
There are no malor events to report for 2021 from an operallonal polnl of view, however, 2021 was
exceptional In that il wa5 the second year of a major global pandemic that has had a huge effect on all
the wortd's major economles. Torr Home kept a tight conlrd on all matters relating lo COVID bul wa5
not able escape the financial cost of operallng under such dlfflcull constraints.
Golng forward the maln challènge for the Charlty Is to malntaln our high operating standards and
re-build cash reserv8s as w8 slowly come out of the pandemlc. Torr Hom8 Still has long term
aspirations lo expand ils aclivS1ies bul restoring the Charlty's financial base is the short-term prSorily.
4.0 Prlncl al Rlsk8 0
ortunlt108 and
Intlo
4.1 Financlal Control
Torr Horne's operating performance is driven by:
Sound Financlal Controls.
A dlsclpline of monthly operallng reports lo that d05ely monitor performance and serve as an
early warnSng of any potential th￿alS ahead.
High operallng Care standards with no compromlse.
A thorough understsnding of the Sector including th8 Publ￿ Sector Operatlon.
4.2 Nursln
Staff
The Shortage of Staff remalns a problom for the Care Sector. There Is clearly a major need lo recruit
and train new Nurses and Care As51s1anls for both the Public and Private Sectors in the UK.
the
challengels huge and needs Government intervention and commitment lo develo
and fund a suitable
ro
r8mme lo address the current acute shorta
e across both the Public and Private sectors.
4.3 Th• Futu
As we look to the future Torr Home's plans for expansion are unchanged but can only be pursued
after a return lo'normal. operating conditions post the COVID pandemic.
3.1
hort TomTr Plan for 2022
The short-temi plan for 2022 is to focus on filllng beds and recrulllng staff thereby reducing our
reliance on costly Agency Labour.
11

Torr Home
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢onlln4md)
Year ended 31 December 2021
5.0 Structure
overnanc• and mana
emen
5.1 Governln
document
The charity is controlled by ils governing document. a deed of trust, and operates as a limited
company, limited by guarantee, as defined by the Companies Act 2006. The governing document for
the limited company is ils memorandum and articles of association.
Each member promlses. If the company Is dlssolved while he, sh8 or il remains a member or within 12
months afterwards, lo pay £10 toward9 costs of dlssolution and tha liabilities incurred by the charity
whlle he or She wa$ a member.
Torr Home w88 incorporated as 8 compary limited by guarantee. as a subsidiary of Devonport and
Western Counties Association for Promoting the General Welfare of the Blind. On 31 July 2006, all
agsels belonging lo Devonport and Weslem Counties Association were transferred lo Torr Home.
Devonport and Western Countles Assoclallon for Promollng the General Welfare of the Blind Is now
only relalned for ils name and has no assets or Ilabilities, leaving Torr Home Ltd as the main charbty,
operating under 118 working name of 'Torr Home"
RecruSlmenl and appolnlmenl of new Iruslees
The members shall cary out the election of the officers and committee members al the Annual
General Meellng. Nominatlons shall be made In wri1Sng and delivered lo the Secretary. Each
nomination musl be proposed and seconded by a voting member of the A8soclalion and accA)mpanled
by the wrbllen consent of the nominee. The charity uses a Yrustee5 Toolkit. program lo formalise the
procedures of appointment.
5.20
an18
tlon
ru
The assets of the charity are vested in the Trustees. Th8 management of Ihe ¢harily is the
responslbility of the Management Committee. The charity is managed on a day-to-day basi5 by David
Davies, Chief Executlve Offlcer of the charlty.
There was 8 qualifylng Ihird-party indemnity pollcy In place for the Trustee5 throughout the year and in
the prevlrmjs year.
5.2.1 Inductlon and tralnln
of now Irustoes
Trustee trainlng is Introduced through a subscription lo the Governance Magazine. This providos
essential information to improve the effectiveness of Trustees. Further training needs will be
consldered and undertaken on an on9olng basis.
12

Torr Home
Company Limited by Guarantee
Trusts95' Annual Report (Incorporating the Director's Report) {￿nI1￿U¢d)
Year ended 31 December 2021
5.3 Reserv
The Trusle&s have approved and implemented the reserves policy of the Charity in line with the
recommendations of the Charity Commission.
The Charity needs to hold reserves for the following princlpal reasons: _
To produce income lo be used for funding such deficits as arise from the Ch*rlty's operations.
To meet any deficits not covered by income in any one year.
To meet major items of unforeseen expendllure.
To meet the costs of necessary building refurbishment. repairs, and renewals.
To enable the Charity lo continue ils core operations for a period of al least six months, even
In the event of a significant dedine in income. To this end the Charity have accumulated
funds invested of £1,417,732 against 6 months non-escapable operatin9 running costs
e31imaled at £850,000. For the purposes of this illustration income 18 assumed al £0 and all
labouf costs excluding agency labour and overtime payments are treated 88 non-escapable.
Legacies will normally be Irealed as Income.
The Charlty wlll therefore endeavour lo m8lntaln a level of Reserves approprlale lo the
rinanc181 clSmale In whlchll Is operating. wllh particular reference lo polenllal major flnanclal
risks Isuch as loss of funding) and the Charlly's commitment lo the many people il serves.
The Charlty recognls88 that investment8 h8ld within ils unreslricled funds are technically
avallable to be spent on the general purposes of the Charity bul recognlses also that the
usage of the Investments In thls manner would correspondlngly reduce Ihelr income earnlng
capacity.
The Charity considers that Its present levels of reseNes sallsfy th& crlteria sel out above, and
no acllon is deemed lo be necessary at the present lime lo change these level5.
The Charity will review both the level of ils Reserves and Rs policy on reserves annually,
normally 81 the Ilme of conslderatlon of the Annual Budget.
6.0 Ob
ectlvas and actlvltlo
The oblecls are the relief of sickness and disabllity by the provi51on of 5ervlGe5 and faGllltles, inGludlng
accommodallon, for
1. pergons wllh visu81 impalrmenl I'the Prlncipal 8eneficSarie3"} and
2. Insofar as the charlty has ¢apaclty that is surplus to the needs of the Principal Beneflciaries, for
other persons who have need of such services and facilities by reason of infirmities associated with
old age.
The main objective for the charity thSs year was lo generate a surplus which il has managed to achieve
prKJr lo taking account of the unrealised gains on investments. Th8 objectiv8 was achieved by efficient
financial management and direct conlrd by the management committee.
The Trustees consider the charity's objectives and activities lo be for public benefit and have given
due consideration to this in accordance with the guidance given under section 17{51 of the 2011
Charitie5 Act.
13

Torr Home
Company Limited by Guarantee
Trustees, Annual Report (IncorF)orating thè Dlr8Ctorfs Report) {coniinu
Year ended 31 December 2021
Trust
s. res
onslblllti•s statemont
Th8 trustees, who are also dire¢lors for the purposes of Company law. a￿ rgsponslble for preparlng
the IDJslees' report and the flnancial statements In accordance wlth applicable law and United
Kingdom Accounting St8ndards (Unitèd Klngdixn Gen8rally A¢copled Accounting Practi￿).
Company law requlres the ¢harily Iru5toes lo prepare flnanclal Statements for aach year whSch glv
Irve and falr vlew of tho slat8 of affairs of tha charflable company and the incomsng r8sourc8s and
application of resources, includin9 the income and expenditure, for th81 period.
In preportng thes8 flnandal 9181emenl8, th8 Iru818es are requbred lo..
s818Ct suitable accounting policiey and then apply Ih8m con81slentty',
obsgrve the methods and phnciples In the applicable Charftl8s SORP;
makg judgments and accounllng estlmales that ar6 reason8ble and prudent.,
state whaiher applicable UK Accounllno Standards have been fdlowed, sublecl to ony material
departures disclosed and 8xpl8lned in the flnanclal slatemenls..
prepare the financial slalemenls on the going ¢oncem basis unless11 Is Inappropriate lo pr8sume
that th8 chartty will continue Sn busine$$.
The Iruslees are responsible fof keepin9 adequate accounllng records that are sufficlenl lo show and
&xplaln the charbly's Iransacllons and dlsclose wlth r8asonabl8 accuracy at any Ilme the financ481
poslllon of the charlly anty enable thom lo gnsur9 that the financial stalaments comply with the
Companles Act 2006. They aro also rasponsibla for safeguarding the assets of the charity and hence
for laklng reasonable steps for the prevention and detecllon of fraud and other Irrggularlti89.
AudSlor
Eaoh of the persons who Is a twslee al the date of approval of Ihls report confirms that:
so far as ihgy are aware, there is no relevant audh Informatlon of whlch th8 chmrtty's audllor Is
unaware.. and
Ihgy have tskgn all slgps that they ought lo have taken as a Iruslee lo mak9 thoms8fv8s awar& of
any relevant audit informallon and to estab115h that the chartty's audllor Is aware of that
Infomiatlon.
The Iruslees. annual report an¢J the slr8tegic report were 8pprovod on
on behalf of the board of Iruslees by..
and signèd
Mr N Major
TTuslee
14

Torr Home
Company Llmlted by Guarant80
Independent Auditorfs Report to the Members of Torr Home
Year ended 31 December 2021
Oplnlon
We have audited the financial statements of Torr Home Ilhe 'charily'l for the year ended
31 December2021 which comprise the stslemenl of flnancial activities {including income and
expenditure accounll. statement of fin8nclal position, statement of cash flows and the related notes,
including a summary of slgnificanl accountlng pollcies. The financial rèporting framework that has
been applied in their preparation Is applle8ble law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard appllcablè in thè UK and Republic of Ireland
{United Kingdom Generally AcGepted AGGounllng PraGll¢el.
In our oplnion the financial slatem8nl$'.
gSve 8 true and falr view of the slate of the charlty's affairs as al 31 December 2021 and of its
Sncomlng resources and appltillon of resources, including income and expendllure, for the
year then ended..
have beon properly preparod in accordance with United KIn￿j0M Generally Accepted
Accounting Pra¢ti¢e',
have been prepared In accordance with the requirements of the Companies Acl 2006.
Ba818 for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and
applicable law. Our rasponsibililies under those standards are further described in the audilorfs
responsibilities for the audit of th8 financial slalements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements In the UK, induding the FRC'S Ethical Standard, and we have fulfilled our oth8r ethical
responsibilities in accordance with these requirèmanls. W& believe that the audit evidence we have
obtained is sufficlenl aDd approprlale lo provide a basis for our opinion.
Conclu8lon8 rnlatlng to golng conc•rn
In auditing the financial statements, we have concluded that the Iruslees, use of the going concem
basis of accounting In the preparatlon of th6 financial slaternenls is appropriate.
Based on the work we have performed, we have not Idenllfied any malerlal uncertalnlles relatlng lo
events or condllions that. individualty or colleclwely. may cast signrflcanl doubl on the charity's abllity
lo continue as a golng concern for a perfod of at least I￿1ve months from then the financlal
$18temenls are authorisèd for issue.
Our responsibilities and the responsibilities of Ihg trustees with Tesp8cI to going concern are d8scrib8d
In the relevant sections of this report.
15

Torr Home
Company Limited by Guarant••
Independent Auditorfs Report to the Members of Torr Home {¢ontlnued)
Year ended 31 December 2021
Other Infomiatlon
The other information comprise5 the information included in the annual report, other than the financial
statements and our audllor's report thereon. The trustees are responsible for the other information.
Our oplnion on the financial statements does not cover the other information and, except lo the exlenl
otherwise explicitly slated in our report, we do not express any form of 8s8uranca conclugion thereon.
In connection with our audit of the financial stslements, our resF)onsibilily is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
fi'nancial slalemenls or our knowledge oblaineé in the audit or otherwise appears lo be materially
misslaled. If we idenlify such material inconsistencies or apparent matarial misslatemenls, we are
required lo determine whether Ih8re is a material misslatemenl In the financial slalemenls or
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other informatlon, we are requlred lo report that fact.
We have nothlng to report In thls regard.
Oplnlon8 on oth•r rnattor8 pro$¢rlbod by tho Companlos Act 2006
In our oplnlon, based on Ihe work undertaken In the course of the audit..
the Information glven in th8 trustees, réport for the flnanclal year for which the flnanclal
statemen15 are prepared Is con51stent wllh the financial 8talemenls.- and
the Iru8lees' report has been prepared in accordance wSlh applicable18gal requirements.
Matt•r8 on whlch w• aro r•qulred to report by exceptlon
In the light of the knowledge and understanding of the charity and ils environment obtained In the
course of the audll, we have not Identified material misslatemenls in the Iruslees, report.
We have ￿thing to report in respect of the following matters in relation to which the Companies Act
2006 requires us lo report to you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for our au(ilt hove not
been recefved from branches not visited ty us.. or
the financlal statements are not in agreemenl wllh the accc4Jntlng records and returns,. or
certain dlsc108ures of Irusle85' remuneration specified by law are not made,. or
we have not received all the informatlon and explanations we requlre for our audit.
16

Torr Home
Company Limited by Guarantee
Independent Audltorfs Report to the Members of Torr Home {c¢)nbnu•d)
Year ended 31 December 2021
Rospon51bllltles of trustee8
As explained more fully in the tru51ees' responsibilities statement, the Iruslees (who are a150 the
directors for the purpose5 of company law} are responsible for the preparation of the financial
statements and for being sa115fied that they give a true and fair view, and for such irilernal control as
the Iruslees determine is necessary to enable the preparation of financial statements that are free
from material misslatemenl, whether due lo fraud or error.
In preparlng the financlal slatemenls, the Iru51ees are responsible for assessing the charfly's ablllty to
conllnue as a going concern, disc105ing, as applicable, matters related lo going concern and using the
golng concern basis of accounllng unless the trustees either Intend to Ilquldale the charlty or lo ce8se
operations, or have no realistic allernalive but lo do so.
Audltovs re8pon•lbllltlo• for th• audft of tho flnanclal 8tat•monts
Our oblecllves are lo obtain reasonable assuran￿ about whether the financial slalemenls as a whole
are free from malerlal mlsslalemenl, whether due to fraud or error, and lo issue an auditor's report that
Includes our oplnion. Reasonable assurance Is a hlgh level of assurance, bulls not a guarantee that
an aud51 conducted In accordance wlth ISAS (UK) will alway3 detect a malerlal misslalemenl when il
exlsls. Mlsslalemenls can arlse from fraud or error and are considered materlal rf, Individually or in the
aggre9ale, they could reasonably be expe¢led to influence the economlc declslons of user8 taken o
th& basis of these fi'nanclal stalemenls.
Irregularities, including fraud. are Instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, ouulned above, lo delecl material misstslemenls in respect
of irregularilK85, includin9 fraud. The exlenl to whlch our procedures are ¢apable of dele¢ling
irregularities, including fraud is detsiled below:
We identified areas of laws and règulations that could reasonably be expected lo have
malerlal effect on the financl81 $latemènls from our general commercial and sector experience
and through discussion with the Tw$lee¥ and other managemènt. We communicated
Identified laws and regulations throughout our team and remained alert lo any indullons of
non-compllance throughout the audit.
The Charlty is subject lo laws and regulations that govern the preparation of the financlal
stalemenls, Including financlal rèporting legislation. The company is also subject lo other laws
and regulations where the consequencès of non-cornpliance could have a material impact on
the amounts or disclo$ure$ within the financial slalements, including employrnenl, anti-bribery,
anti-money laundering, and regulations by the Care Quality Commission.
Owing to the inherent limitations of an audit. there 18 an unavoidable risk that w8 may not have
delacted some material misslalemenls in Ihe financlal 8talemenls, even though we have
properly planned and performed our audit in accordance wlth audlllng standards. In any
audit, there remains a higher risk of non-delecllon of irregularflie8. as these may involve
collusion, forgery, intentional omisslons. misrepresenlallons. or the override of internal
controls. We are not responsible for preventing non-compliance and cannot be expected lo
delecl non-cOM￿lance with all laws and regulations.
17

Torr Home
Company Limited by Guarantee
Independent Audltor's Report to the Members of Torr Home {condnuedJ
Year ended 31 December 2021
As part of an audit in accordance wtth ISAS (UK), we exercise professlonal judgment and maintaln
professional scepllcism throughout the audit. We also=
Identify and assess the risks of Mater￿al missta18menl of the flnan¢l81 statements. whether
due lo fraud or error, design and perform audit procedures responsive to those rlsks, an
obtain audit evidence that 15 sufficient and appropriate lo provlde a basis for our oplnlon. The
risk of not detecting a material misslalemenl resulting from fraud is higher than for one
resulting from error, as fraud may involve colluslon, forgery, intentional omissions.
misrepresenlalion5, or Ihe override of internal control.
Obtain an understanding of Internal control relevant lo the audlt In order to deslgn audh
procedures that arg appropriate In the circumstances, bul not for the purpose of expresslng an
opinion on the effecllveness of the internal control.
Evaluate the appropriateness of accounllng policles used and the reasonableness of
ac¢ounllng eslimales and related disclosures made by the Iru81ees.
Conclude on the appropriateness of the Iruslee8' use of the going con¢ern bas1$ of a¢counling
and, based on the audit evidence obtained. whether a material uncertainty exists related to
Èvents or conditions that may cast significant doubl on the charity'5 ability lo continue a5
golng concern. If we conclude that a material uncertainty exists, we are requir8d lo éraw
attent￿in in our auditor's report lo th8 related disclosures in the financial slalemenls or, rf such
dls¢losures are inadequate, lo modify our oplnion. Our conclusions a￿ based on the auéil
evlden¢e obtained up lo the dale of our audllor's report. However. future events or conditions
may ¢aus8 the Charity lo cease lo continue a8 a going concern.
Evaluate the overall presentation. structure and conlenl of the financial slatemenl$, including
the disclosures, and whether the financial statements represent the underlying transactions
an¢J events in a manner that achieves fair presentation.
We Communicate wllh those charged with governance regardlng. among other matter8, the planned
scope and Ilming of the audll and slgnificant audit findings, Includlng any sl9nlficanl deficiencies In
Internal conlrol that we identify durlng our audit.
Uso of our rnport
Th1$ ￿pOrt is made solely lo the charity's members, as 8 body, In accordance wllh Chapter 3 of Part
16 of the Companies A¢1 2006. Our audit work has been undertaken so that we mlghl stale to the
charity's members those mallers we are requlred to slate lo them In an audllor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responslbilily to
anyone other than the charity and the charlly's member8 as a body. for our audll work. for Ihls report,
or for the opinions w8 have formed.
A Croney ACA (Senior Slalulory Auditor)
For and on behalf of
Weslcotts (SWI LLP
Chartered accounlanls & slatulory auditor
Plym House
3 Longbridge Road
Marsh Mills
Plyrnoulh
PL6 8LT
18

Torr Home
Company Llmlted by Guarantee
Statement of Financial Activities
(Includlng Income and expendlture account)
Year ended 31 December 2021
2021
Restricted
funds Total funds Total lunds
2020
unrestr￿ed
funds
Income and gndowrnents
Donations and legacles
Charitable acllvilles
Other Iradlng acllvitie¥
Investment income
210
210
2,554,751
2,554,751
2,756,080
208,149
208,149
2,763,110
166,154
2,922,685
Total Incom•
2,762,900
210
Expendlturo
Expendllure on ralslng fvnds..
Investment mana9emenl costs
Expendllure on charitable activities
Total •xpendlturo
10,279
3,108,837
3,119,116
10,279
3,109,461
3,119,740
9,406
2,902,797
2,912,203
10,11
624
624
Not (oxpondltur•ylncom•
(356,216)
{4141 {356,6301
10,482
Othér r•cogn18•d galns and 108808
Gains from revaluation of fixed assets
Other galns
N•t movem•nt In fund•
40,987
67,011
169,447
1186,7691
189,447
14141 (187,183)
118,480
R•¢ondllatlon of fund•
Totsl funds brought forward
Total fund8 carrlod forward
6,482,589
6,295,820
2,964
2,550
6,485.553
8,298.370
6.387,073
8,485,553
The slalemenl of financlal acllvilles Sncludes all gains and losses recognised In the year.
l income and expenditure derlve from conllnuing activities.
The notes en pag•s 22 to 33 form part of th￿? flnanclal statsmonts.
19

Torr Home
Company Limited by Guarantee
Stalernent of Financial Position
31 December 2021
2021
2020
Fixed •$$et$
Tanglble fixed assets
Investments
16 4,854,789
17
1,417.732
6,272,521
4,776.771
1,248,285
6.025.056
Curr•nt •s••t•
Debtors
Cash 81 bank and In hand
90,062
276.332
45.002
916,674
366.394
961,876
r•dl¢*ys', amounts lalllng du• wlthln on• y•ar
N•t ¢urr•nt a••ot•
19
340,545
445,398
25.849
516,278
Total a84•ts1•8s ¢urr•nt Ilabllltl••
8.298.370
6.541,334
Cr•dltorn: amounts falllng du• aft•r mor• th•n on• ywr
N•1 as8•ts
55,781
8.298,370
8,485,553
Fundi ol th• charlty
Reslricled fund8
Unr9slrl¢lgd fvnds..
Revaluation reserve
Other unrestrictod Incom8 funds
2.550
2,984
1,803,711
4,492,109
6,295,820
1,803,711
4,678,878
6,482,589
Total unr•8trlct•d fund8
Totsl chartty lund•
22 6.298,370
6,485,553
The
ancial 8tslemenl$ were approved by the board of Iruslees and oulhorlsed for issue on
, and 8re ￿gned on behalf of the 1)oard by..
Mr N Malor
Trust90
The notes on pages 22 to 33 lorm part of thpso finaKial statemonts.
20

Torr Home
Company Llmltsd by Guarante•
Statement of Cash Flows
Year ended 31 December 2021
2021
2020
Cash flows from operatlng aGtlvltlo8
Nel lexpendilureyincome
{356,630)
10.482
Adjustments for."
Dep￿cIatIon of tangl￿e fixed as5els
Net gains on investments
Dividends, interest and rents from Investments
Other inter8sI receivable and simllar Income
89,201
84,830
40,987
161,200}
164,1771
(146,9491 1101,977)
Changes in.-
Trade and other debtors
Trade and othèr creditors
(100,4741
32,178
1543,8741
15,966
47,529
33,640
Cash generated from opera16ons
Interest recelved
146,949
101,977
135,817
Nel ¢ash lused Inyfrom operating aGllvllle8
{396,925)
Cash flo￿ Irom Invo•tlng a¢tlvlllo•
Dividends, interest and rent$ from Inv&slments
Purchase of tsngible as$et$
Proceeds from sale of tangible assal$
Nel cash u8ed in invesllng actlvllles
61,200
64.177
(172,4021 1175,1331
5,183
1106,0191 1110,9561
Ca8h flows from flnanclng a¢tlvltla8
Repayment of borrowings
Nel cash used In flnan¢lng aclivrtles
1137,3981 1128,912)
1137,3981 1128,912)
Net de¢rea8• In cash and ca8h oqulval•nt¥
Cash and cash aqulval•nts at beglnnlng of y•*r
C￿h and ¢•8h oquIv41•nts at ond of year
{640,3421 1104,251)
916,674
1,020,925
276,332
916,674
The not•s on pago$ 22 to 33 form part 01th￿8 financlal $Lthments.
21

Torr Home
Company Limited by Guarantee
Notes to the Financlal Statements
Year ended 31 December 2021
General Informatlon
The charity is a public benefit enlily and a private company limited by guarante8, registered In
England and Wales and a registered charity in England and Wales. The address of the
registered office is The Drive, Hartley, Plymouth, Devon, PL3 5SY, United Kingdom.
Statemont of ¢ompllan¢o
These financS8l statements have been prepared in compliance wllh FRS 102. 'The Flnanclal
Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of
Recommenéed Practice applicable lo charities preparing thelr accounts in accordance wllh the
Financial Reportin9 Standard applicable in the UK and Republic of Ireland (FRS 1021 Icharilies
SORP IFRS 102)) and th& Compani8s Act 2006.
Accountlng pollcle•
Cash and cash equlval•nt8
Cash and cash equlvalenls comprlse cash at bank and on hand, demand deposits with banks
and other short term highly Ilquld investments with original malurilies of three months or less and
bank overdrafts. In the slalemenl of flnan¢lal position, bank overdraft8 are shown withln
borrowing of current Ilabilities.
Ba•S• of pr•paratlon
The flnanclal statements have been prepared on the historical cost basis, as modified by the
revaluation of certaln financial assets and liabilities and tangible fixed assets measured al fair
value through income or expenditure.
The flnan¢ial Statements are prepared in sterllng, whlch is the functional currency of the 8nllly.
Golng ¢on¢•rn
There are no matedal Uncertainl￿S about the ch8rW8 ability to contlnue.
Judgamonts and k•y •ourc•• of ￿tImatIOn uncertainty
The pr8paralK*n of the financial slalemenls requlres management lo make ludgements,
eslimales and assumplSons that 8ffecl the amounts reported. These estlmates and judgements
a￿ continually reviewed and are based on experience and other factor5, including expectations
of fvlure events that are believed to be re880nable under the clrcurnstance¥.
22

Torr Home
Company Llmlted by Guarantee
Notes to the Financial Statsments fcohtsnued)
Year ended 31 December 2021
Accountlng poll¢lo8 (¢onllftu￿)
Fund aecounting
Unrestricled fun(Js are available for use al the dl$cretlon of the trustees to further any of the
charlly'g purposes.
Designated funds are unreslricled funds eamiarked by the trustees for particular future project or
commitment.
Reslricl8d funds are subjected lo restrtctlons on Ihelr expenditure declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes-. restricted income fvJnd$ or
endowmenl fund8.
In¢omlng re•ourc
All Incomlng resources are included in the statement of financlal actlvSlles when enllllemenl h88
passed lo the charity-, il is probable th81 the economlc benefits as30ciated vAlh the Ir8nsa¢llon
wlll Ilow to the charity and the amount can be reliably measured. The following specific poll¢ies
are applle(5 to partlcular categories of income:
Income from donatlons or grants 58 recognlsed when there18 evidence of entitlement to the
gift, re¢eSpl l¥ probable and Ils amount be measured rellably.
Legacy In¢ome 1$ recognlsed vlhen recalpl Is probable and enlltlement18 88tsbli8hed.
Income from donated goods 18 measured al the falr value of th8 goods unl888 th1$ Is
Impractical to mea$ur& reliably, in whlch case the value is derlved from the cost lo the donor
or the eslimaled resale value. Donated facililles and services are recognised in the
accounts when receivèd if the value Can be ￿liablY measured. No amounts are included for
the conlribvlion of gèneral volunteérs.
Income from contracts for th& supply ol servlces Ss ￿CognIsed wllh the dellvery of the
contracted service. This Is classified as unreslricled fijnds unless there is a contra¢lu81
requirement for it to be spent on a particular purpose and returned if un8penl, in whKh case
It may be regarded as reslricled.
23

Torr Horne
Company Limitèd by Guarantée
Notes to the Financial Statements I￿￿11￿￿8(1)
Year ended 31 December 2021
Accountlng pollcles (contlnuodj
Resources exp•ndod
Expenditure is recognised on an accruals basis as a liability is incurred. Expendllure Includes any
VAT which cannot be fully recovered, and is Glassified under headlngs of the statement of
financial activities to which il relates..
Expenditure on ralslng funds Incltjdes the costs of all fundraising aclivilies, events,
non-charllable trading acllvltSes, and the sal8 of donated goods.
Expenditure on charitable activities includes all cos15 incurred by a charlly In undertaking
activities that further Sls charSlable aim5 for the benefit of its beneficlaries, Induding those
support costs and costs relating to the governance of the charity apportioned to charitable
aclSvllies.
Other expendllure Includes all expenditure that is neither related to raising funds for the
charlty nor part of ils expenditure on charltabl8 8Ctlvilies.
I co¥15 are allocated lo expendltur6 calegorles reflecllng the use of the resource. Direct costs
allributable to a single activity are allocated directly lo that activity. Shared costs are apportSoned
be￿een the 8¢tsvitie$ they Contribute lo on a reasonable. 1u811fiable and consislenl basis.
Oporntlng1oue•
Leas8 payments are recognlsed as an expense over the leage term on a 51raighl-line basis. The
aggregate benefit of lease Incentives Is recognised as a reduction to expense over the leas8
term, on a straighl-llne basig.
Tanglblo as$et•
Tangible assets are inlllally recorded at cost, and subsequently staled al cost less any
a¢¢umulal8d depreciation and Impairment losses. Any tangible assets carried at revalued
amountg are recorded at the fair value al the date of r8valuallon less any subsequ8nt
a¢¢umulated depreciation and subsequent accumulated impairment losses.
An In¢rea$e In the carrylng amount of an a8sel as a result of a revaluallon, Is recogn15ed in olh8r
recognised galns and lo$se$, unless il reverses a charge for impairment that has previously been
re¢ognised as expendllure within the s18temenl of financial aclivilies. A decrease In the carryiro
amount of an asset as a result of revaluation, 18 r6cognised in other recognised galns and losses,
except lo which il offsets any previous revalualion gain, in which case the loss Is shown wSlhin
other recognised gains and lossas on the 9talement of financlal aclivllles.
Depreclatlon
Depreciallon Is calculated $0 as lo write off the cost or valuation of an asset, less its resldual
Yalu8, over Ihe useful econom￿ lrfe of Ihal asset as follows..
Freehold propety
Fixtures and fittings
Motor vehicles
Improvements lo propety
SO years straight line
Between 20/0 and 30% on cost
over 5 yeais
Behveen 211A and 30% on cost
24

Torr Home
Company Limlted by Guarantee
Notes to the Financial Statements (¢ontinu•d)
Year ended 31 December 2021
AGwuntlng poll¢l•B {conVnuod)
Investments
Unllsled equlty Inve5tfflenl$ are Inillally re¢orded at C05t, and subsequently measured at fair
Value. If fair value cannot be reliably measured. assets are measured al cost less impalm￿nI.
Llsled Investments are meaSu￿d al falr value whh changes In fair value baing recognised in
income or expenditure.
Impalmi•nt of flxed a8s•ts
A review for indicators of impairment is carried out al each reporting date, with the recoverable
amount being estimated where such Indicators exist. Where the carrying value exceeds the
recoverable amount. the a8S811s impaired accordingly. Prior Impaimenl8 are also revbewed for
PO88lble reversal al each reporting dale.
Flnanclal In•truments
A financial asset or a financial Ilabi1Sty is recognised only when the entity becomes a party lo the
conlraclual provisions of the instrument. Basic financial instruments are inillally recognlsed al the
amount receivable or payable includlng any related Ir8n5action costs, unless the arrangement
constilules a financing transaction, where il is recognised al the present value of the future
payments dlscounled al a market rale of interest for a slmllar debt inslrumenl. Current assets
and current Ilabilllies are subsequently measured al the cash or other consideration expected to
be paid or received and not discounted. Debt instruments are subsequently measured al
amortlsed cost. Where Snveslmenls In shares or preference shar85 are publicly traded or Ihelr falr
value can othe￿se be measured rellably, the Investment Is 5ubsequ8nlly measured al fair value
wlth changes In falr value recognlsed In Income and expenditure. All other such investments are
subsequently measured al cost less impaimienl.
Dofin•d contrlbutlon plans
Contributions lo defined contribution plans are recognlsed as an expense In the perlod in which
the related service is provided. Prepaid contributions are recogni5ed as an asset lo the exlenl
that the prepayment will lead lo a reduction in future payments or a cash refund.
When contributions are r￿1 expected lo be sellled wholly within 12 months of the end of the
reporting dale in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwlnding of the discount is recognised as an expense in
the perlod in whlch il arises.
Llmlt•d by guarantee
The company is limrted ty guarantee and was Incorporated In England and Wales. The company
does not have share capital and the liability of members is Ilmiled lo £10 each. On winding up the
company, any surplus assets that exist must be either directly applied to the objects of the
company or., transferred to another charity which has sirnilar objects lo those of the company.
25

Torr Home
Company Limited by Guarantee
Notes to the Flnanclal Statements {conllnu8d)
Year ended 31 December 2021
Donatlons andlggacles
Unrestricted
Funds
Reslrlcled Totsl Fund¥
Funds
2021
Donatlon8
Donations
210
210
Unrestricted
Funds
R8stricteé Total Funds
Funds
2020
Donatlons
Donations
288
288
Charltable actlvltle•
Unrestrlcted Total Fund• Unrestrlcted Total Funds
Funds
2021
Funds
2020
Resident'5 fe8S
Anclllary services
Sheltered apartment ren18
2.384,642
37.323
132.786
2,384,642
37,323
132.788
2,543,705
78,062
136,313
2,756,080
2,543,705
76,062
136,313
2,554,751
2,554,751
2,756,080
Othor tradlng actSvltSes
Unreslrlcled Total Funds Unre$tri¢ted Total Funds
Funds
2021
Funds
2020
Fundraising events
183
163
Invostmont incomo
Unrestrlcted Totsl Funds Unwlri¢led Total Funds
Funds
2021
Funds
2020
Rent8 recelved
Income from quoted securSlles
Sundry Income
26.238
34,962
146,949
208,149
26,238
34,962
146,949
208,149
31,966
32,211
101,977
31,966
32,211
101,977
166,154
186,154
Investment manag•m•nt ryJ¥ts
Unrestrlcted Total Funds Unrestricted Total Funds
Funds
2021
Funds
2020
Portlolio management
10,279
10,279
9,406
9.406
26

Torr Home
Company Limited by Guarantee
Notes to the Financial Statements f¢ontinuedJ
Year ended 31 December 2021
10. Expendlture on charltable actlvltles by fund typo
Unrestricted
Funds
Reslrided Total Funds
Funds
2021
Charitable activrtres
Support costs
2,744,859
363,978
467
157
2,745,326
364,135
3.108.837
624
3.109.461
Unrestrlcted
Fund8
Reslrlcted Total Funds
Funds
2020
Charilakle aclivilie$
Support costs
2,502,963
399,276
2,503,430
39g,367
91
2,902,239
558
2,902,797
11. Expondbtur• on ¢harlt8ble adlvltlgs by actlvlty typo
Actlvitl&s
undertaken
direclly
Support Total funds
costs
2021
Total fund
2020
Charitable 8clfvltie8
2,745,326
364,135
3,109,481
2,902,797
12. Analy818 of 8UPPOrt ¢o•ts
Analy51s of
support cosls
TotJl 2021
Total 2020
Staff costs
General office
Finance costs
Travelling expen888
Interest payable
Auditors remunerallon
Legal and professlonal feeg
Telephone
Postage, stallonery and advertising
290.736
10,044
2,732
1,017
3.502
5,200
5.148
18
45,738
364,135
29),736
10,044
2,732
1,017
3,502
5,200
5,148
18
45,738
364,135
316.176
8,319
2,572
7,678
4,470
13,905
3,213
42,288
399,387
13. Nét (•xp•ndltur•Vincom•
Nel lexp8nditureyincome is stsled after chargingllcrediting):
2021
2020
Depre¢iallon of tangible fixed assets
89,201
84,830

Torr Homa
Company Llmltod by Guarantee
Notss to tho Financial Statements (conffnu•dJ
Year ended 31 December 2021
14. Staff costs
The tot818taff costs and employee benefits for the reFQrting period ar8 analysed as follows..
2021
2020
Wages and salaries
Social security costs
Employer conlrfbulions lo pension plans
2,162,904
177,176
34,945
1,870.321
139.850
32,589
2,042,760
2,375,025
The average head count of employees during the year was 83 (2020.. 83). The average number
of full-1Sme equivalent employees during the year is analysed as follows-.
2021
2020
No.
Home
83
83
The numb8f of employees who88 r&muneration for the y8ar fell wfthln the followlng bands, were..
2021
2020
No.
No.
£60,000 to £89,999
£80,000 to £89,999
15. Trust0• romun•ratlon and •xp•ns
There were no trustees, remuntsralion or olh8r b8n8fils for the year ended 31 December 2021
nor for Iht year •nd8d 31 D8c8mb8r 2020.
There w&re no Iruslèés, expens65 paid for the year ended 31 December 2021 nor for the year
ended 31 D￿ember 2020.
28

Torr Home
Company Limitsd by Guarante•
Notes to the Financial Statements (conllnu8d)
Year ended 31 December 2021
16. Tanglble Ilxed assets
8sels Improveme
MotOT
Ur￿er
ntsto
vehicles construction
property
Freehold Fixtures and
property
fittings
Cost
Al 1 Jan 2021
Additions
Disposals
At 31 D•c 2021
3,983,276
698,687
85,044
{11,928} {19,995)
771,803
23,004
42,999
133,912
773,352 5,632,226
87,358
172,402
{31.9231
860,710 5,772,705
3,983,276
133,912
Deproclatlon
At 1 Jan 2021
Charg8 for the
year
Disposals
At 31 Dec 2021
40,987
520,619
37,001
256,848
855,455
57,131
1,333
111,4101 115,3301
566,340
23,004
30,737
89,201
{26,740)
917,918
40,987
287,585
Carrylng amount
At 310oc 2021
3,942,289
3,942,289
205,483
178.068
133,912
133,912
573,125 4.854,789
516,504 4,778,771
At 31 De¢ 2020
5,998
Tanglblo flx•d a$••t• h•ld at valuatlon
Included In cost or valuation of land and bulldlngs Is freehold land of £1,892,946 12020
£1,892,946).
In Ilne with FRS 102 $e¢tlon 17 the propertles are recognlsed on the revaluallon basi8 wllh
deP￿Cation being Gharged over a period of 50 years on a stralght-llne basis.. revalued to the
eslimaled carying value of the properties.
29

Torr Homa
Company Limlted by Guarantee
Notes to tho Financial Statemants (conllnu8dJ
Y•ar ended 31 December 2021
17. Inv•stments
Llst
Invostmonts
C08t or valuation
At 1 January 2021
Addillons
Other movements
1,248,285
169,447
1,417,732
At 31 Decomb•r 2021
Impalmient
At 1 January 2021 and 31 Docomb•r 2021
CarrySng amount
At 310ecomber 2021
1,417,732
1,248,285
Al 31 Decemb8r 2020
All Snv88lm8nls shown above affj held al valuallon.
Flnanclal a8••t• hold at falr valu•
The Inv8slm6nls held are publlcly traded and therefore are measured rellably.
18. D•btor8
2021
2020
Trade debtors
Prepayments and accrued Income
84,279
5,783
90,062
37,729
7,273
45,002
19. Cr•dltorn: anounts lalllng du• wlthln one yoar
2021
2020
Bank loans and overdrafts
Payments received on account
Trade creditors
Accruals and deferred income
Social security and other taxes
Other credltofs
55,763
13,100
89,297
154,461
43,686
4,238
137,380
13,828
41,974
209,875
37,012
5,329
340,545
445,398
30

Torr Home
Company Limited by Guarantee
Notes to the Flnanclal Statements (¢ontsnued)
Year ended 31 December 2021
20. Crodltor¥: amounts falllng due aftor moro than one year
2021
2020
Bank loans and overdrafts
55,781
21. P•n8lons and other post-retlrem8nt b6n6llt8
Defln•d Contrlbutlon plano
The amount recognised In Income or axpendSlure as an exp8nse in relation lo defined
¢onlrlbullon plans was £34.945 (2020.. £32,589).
22. Analy818 of charltable fund•
Unre8trlctod fund8
Galns and
108se8 Al 31 D•c21
At1Jan21
Income ExpendSlure
General funds
Revaluallon reserve
4,678,878
1,803,711
2,762,900 13,119,116)
169,447
4.492,109
1.803,711
6,29S,820
6,482,589
2,762,9)0 13,119,116)
189,447
Gains and
10s88s Al 31 Dec 20
At7Jan20
Income Expenditure
General funds
Revaluation reserve
4,600,827
1,782,724
8,383,551
2,922,e85 12,911,e45)
67,011
40,987
107,998
4,678.878
1.803,711
2,922,685 12,911,845)
6.482.589
R#trlctgd fundi
Gains and
1055es At 31 Dec 20
At1Jan20
Income Expenditure
Resthcted Fund
210
(6241
2.550
Gains and
losses At 31 D¢¢ 20
At1Jan20
Income Expenditure
Restricted Fund
3.522
{558)
2,964
31

Torr Home
Company Llmlted by Guarant••
Notes to the Flnancial Statements (continuvdj
Year ended 31 December 2021
23. Analysls of not assots botweon funds
Unrestricted
Funds
Rèstrlcted Total Funds
Funds
2021
Tangiblè fixed 8ssel$
Investmènts
Current assets
Creditors less than 1 year
Creditors greater than 1 year
N•t a8BOt$
4.854,556
1,417,732
363,695
1340,1631
233
4.854,789
1,417,732
366,012
1340,163}
2,317
6.295.820
2.550
6,2g8,370
Unr8slricl8d
Fund8
Reslricled Total Funds
Funds
2020
Tanglble flxed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Not a8Set8
4,776,072
1,248,285
959,411
(445,3981
155,7811
6,482,589
699
4,776,771
1,248,285
961,676
(445,3981
155,7811
6,485.553
2,265
2,964
24. Flnanclal In8trum•nts
The carrying amount for each category of financlal instrument Is as follows..
2021
2020
FlnancSal as#at8 that arn debt Instrumonts moa#uréd at •morti•0d ¢o•t
Financial assets that are debt instruments measured al amorti$$d
CO8t
71,873
37,729
Flnanclal Ilabllhles meuured at amortl¥ed cost
Financial liabililies measured al amortised ￿st
284,453
463,093
25. Analy•ls of changej in not debt
At
At
1 Jan 2021 Cash flows 31 Do¢ 2021
Cash al bank and in hand
Debt dlte within one year
Debt due after one year
916,874
(137,3801
155,7811
723,513
(640,3421
81,617
55,781
(502,944)
276,332
{55,7631
220,569
32

Torr Home
Company Limited by Guarantee
Notes to the Financial Statements (coftllnutsd)
Year ended 31 December 2021
2& Othèr flnanclal commitment•
The total future minlmum lea88 payments under non-canc8llable operating leases are as follows-
2021
2020
Not later than 1 year
90.077
108,381
The totsl future minimum lease payments under non-cancellable 18ases total £90,077 to 31
December 2021 (2020.. £108.3611.
27. Covld-19
Throughout the reporting period, the CovSd-19 global pandemic continued to Impact the charlty
and the county as a whole. Strict governrnenl guldelines remainod In pla¢e whl¢h hugely
Impacted the charity and the way it operated wllhin the year.
The charlty has and wlll continue lo evaluaté the management actions lo mltlgate the Impact on
the charity. The charity has adopted inilialives lo safeguaré the health of Its people and actions
aimed al maintaining operational activity whilst adhering lo the lalg¥1 government guidance.
28. R•latod partl
There have been no related party Iran$a¢llon$ In the reporting perlod that requlre disclosure.