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2021-03-31-accounts

Chair Mr David Turner DSc FRICS Mr David Turner DSc FRICS
Vice Chair Mrs Anna Coss BA AIMSW (Chair ofSocial Care Committee)
Hon. Treasurer Mr Denis Coulon (Chair of Finance Committee)
Mrs Pamela Barrett PGCE Dip TMHA
Mr Paul Cullen
Mrs Deborah Gowns (Chair ofEmployee Wellbeing Committee from July 2020)
Mrs Linda Ferguson (Chair of Housing
& Facilities Committee		 from February 2021)
Dr Carol Riddington PhD BCs MSc (Chair of Housing & Facilities Committee to
February 2021)
Mr Chris Tailby CBE (Chair ofGovernance
Committee) to Oct		 2021
Mr Tony Dumpleton MA ACA from Sept 2021
Mrs Larisa Strickland MSc HBA from Sept 2021
Mr Paul Di Paola lib (Hons) BFP FCA from Sept 2021

Priority Action Achievements Achievements in 2020/21 Planned Action 2021/22
Identify and invest
in		 Offer accepted on family Property search to continue,
more off-site house in Fetcham, for with the aim ofsecuring
accommodation
in the		 occupation
as shared house		 further one-bedroom
flats to
Mole Valley 'corridor' for by four tenants. encourage on-site tenants to
supported
living tenants;		 progress to off-site living, and
create space on site for new
tenants.
Continue to work with local
authorities to identify
potential developers to
partner with.
Look at alternative
models of
provision (eg working
with
investment
companies)
Remodel and improve the Architects selected and Planning application to be
horticulture
facilities on		 detailed brief via competitive submitted in August.
site: this will provide process. Plans advancing
larger, more modern well. Fundraising
campaign to be
spaces for skills sessions, launched October.
a customer-facing
retail		 Consultation carried out with
area and potentially a range ofstakeholder
facilities to enable some groups.
new activities to take
place; Exploratory
visit to Foxes
Academy
with catering staff
to view restaurant
operation.
Continue the evolution of Team Leaders completed More joint appointments
as
the group living service to 'future leaders' one year vacancies arise and more
a supported
living 'plus'		 development programme. cross-team
rota-ing of
environment, in order to existing staff.
build independence
and
increase the sharing of increase the sharing of All policies reviewed,
and		 All opportunities
for
skills and opportunities single set developed
across		 participation
extended		 to all
across the two services; the support services. residents/tenants
and		 day
skills participants,
One Team Leader overseeing
medication
assessments
across both teams for
consistency ofapproach.
Shared social opportunities
not possible due to 'bubble'
arrangements
operating		 as a
result ofthe Covid 19virus.
Enhance our retail sales Significant
improvements		 to Relaunch
activities for
on line and in person in on line retail presence, external customers
(eg Simply
order to make the most including
click and collect		 Scones, hirings,
Heritage
ofthe talent and service from Bookham shop Room visits) to generate
creativity
within The		 Experimentation
with 'pop		 income and cross-sell
Grange. up' scone promotions
(eg		 products.
Fathers Day)
Continued
input from Skills
Funding secured for Team to ensure
plans for new
Courtyard
Cafe furniture,		 outdoor learning facilities
sunshades,
barrista coffee		 offer the right layouts for
machine etc and under shop and cafe operations.
development
Action plan to be developed
Away days organised
for		 Skills by Enterprise
Team Leader,
for Life team to develop drawing
on professional
enterprise
culture and look at		 advice/support
from National
potential
product ranges		 Trust retail consultant and
other sites.
Pricing policy drafted
and
agreed by trustees

Notes Unrestricted Restricted 2021 2020
Fundsf Funds f
Turnover 4 4,375,860 53,277 4,429,137 4,560,560
Normal operating costs 5 ( 3,824,824) ( 188,399) ( 4,013,223) ( 4,241,907)
Operating surplus/(deficit) 551,036 ( 135,122) 415,914 318,653
Dividends and interest 22,701 22,701 26,230
Donations, legacies and fundraising (less costs)
Donations,
legacies and		 fundraising 67,193 59,856 127,049 153,235
Grants (Covid related) 3 99,170 156,824 255,994
Fundraising
events cost		 ( 6,186)
Interest payable
Statement oftotal recognised surplus
Realised surplus/(deficit) for the year 740,100 81,558 821,658 491,932
Profit/(Loss)
on asset		 disposal ( 1,290) ( 1,290) ( 3,537)
Unrealised
profit/(loss)		 on investment
assets 9 107,806 107,806 ( 34,382)
Transfer between funds 17 100,204 ( 100,204)
Total recognised
surplus/(deficit)		 forthe year 946,820 ( 18,646) 928,174 454,013
Revenue reserve at 1st April 2020 17 5,795,364 2,773,280 8,568,644 8,114,631
Revenue reserve at 31st March 2021 17 6,742,184 2,754,634 9,496,818 8,568,644
Notes:

Notes Unrestricted Restricted 2021 2020
Funds Funds
f f f
Income
Donations
and legacies		 65,723 59,856 125,579 131,946
Grants (Covid Related) 99,170 156,824 255,994
Income from charitable
activities		 4,375,860 53,277 4,429,137 4,560,560
Event income 1,470 1,470 21,289
Investment
income		 22,701 22,701 26,230
Total income 4,564,924 269,957 4,834,881 4,740,025
Expenditure
Cost of raising funds 6,186
Expenditure
on charitable		 activities 5 ( 3,824,824) ( 188,399) ( 4,013,223) 4,241,907
Total expenditure ( 3,824,824) ( 188,399) ( 4,013,223) 4,248,093
Net income/(expenditure)
before gains and losses
on investments
and property		 740,100 81,558 821,658 491,932
Profit/(Loss)
on asset disposal		 ( 1,290) ( 1,290) ( 3,537)
Net profit/(loss)
on investment		 9 107,806 107,806 ( 34,382)
Net Income
/ (expenditure)		 846,616 81,558 928,174 454,013
Transfer between
funds		 17 100,204 ( 100,204)
Net income and net movement in funds for the year 946,820 ( 18,646) 928,174 454,013
Reconciliation
offunds
Total funds brought forward 17 5,795,364 2,773,280 8,568,644 8,114,631
Total funds carried forward 17 6,742,184 2,754,634 9,496,818 8,568,644

Notes 2021 2020
Fixed Assets
Freehold
property		 - net book value 8.1 6,222,982 6,312,951
Other tangible
fixed		 assets 8.2 1,338,191 1,345,841
Investments 9 877,058 519,252
8,438,231 8,178,044
Current Assets
Stocks 14,594 23,467
Debtors 10 340,616 344,124
Cash at bank and in hand 11 2,692,560 1,995,089
3,047,770 2,362,680
Less: Creditors falling due within one year 12 (295,196) (224,816)
Net current assets 2,752,574 2,137,864
Total assets less current liabilities 11,190,805 10,315,908
Creditors: amounts falling due after more than one
year 13 (1,693,987) (1,747,264)
Total Net Assets 9,496,818 8.968.644
The Funds ofthe Charity
Restricted Funds: 17
Restricted
building		 fund 2,364,302 2,422,522
Restricted equipment fund 265,960 236,827
Capital appeal and other restricted funds 124,372 113,931
2,754,634 2,773,280
Unrestricted
Funds:
General
fund		 17 6,742,184 5,795,364
9,496,818 8,568,644
The notes on pages 34to 48fondly+ ofthese accounts. The financial statements
were
by the Board.ofTrustees on ..wL. ...%X&~4hxkY
..2021 and signed on its behalf by:		 approved
(
|
DAVID TURNER (Chair) DENIS ULON (Honorary Treaurer)

Notes 2021 2020
Cash flows from operating
activities		 677,346 439,937
Legacies, grants donations
and fundraising		 383,043 147,049
Cash flows from operating
activities and		 fundraising 1,060,389 586,986
Cash flows from investing
activities
Interest and dividends
received		 22,701 26,230
Purchase of investments ( 250,000) ( 200,000)
Proceeds from sale ofassets ( 1,290) 6,750
Purchase oftangible
fixed assets		 ( 134,329) ( 385,236)
Cash (used in) investing
activities		 ( 362,918) ( 552,256)
Cash flows from financing
activities
Grant received
/ receivable		 20
Cash provided
by financing
activities
Increase/(decrease)
in cash and cash equivalents		 697,471 34,730
Cash and cash equivalents
at the beginning		 ofthe year 1,995,089 1,960,359
Total cash and cash equivalents
at the end		 ofthe year 2,692,560 1,995,089

2021 2021 2021 2020
Turnover Operating Operating Operating
f Costs
f		 Surplus
f		 Surplus
Social housing
lettings		 673,613 ( 514,146) 159,467 96,589
Capital grant income and matching
depreciation 53,277 ( 53,277)
Non social housing
activities		 3,702,247 ( 3,445,800) 256,447 222,064
4,429,137 ( 4,013,223) 415,914 318,653
PARTICULARS OF INCOME AND EXPENDITURE FROM SOCIAL HOUSING LETTINGS
2021f 2020f
Rent receivable
net of		 identifiable service charges 566,601 550,029
Service income 107,012 104,209
Gross rental Income 673,613 654,238
Voids
Net rental Income 673,613 654,238
Turnover from social housing lettings 673,613 654,238
Management ( 172,481) ( 169,588)
Services ( 189,502) ( 207,642)
Routine maintenance ( 33,898) ( 47,207)
Planned
maintenance		 ( 39,268) ( 56,547)
Depreciation
of housing		 properties ( 73,679) ( 63,907)
Other costs ( 5,318) ( 12,758)
Operating costs on social housing lettings ( 514,146) ( 557,649)
Operating
surplus on		 social housing lettings 159,467 96,589
See note 4fora breakdown ofincome from social and non-social housing
lettings.
There were no arrears of rent as at 31stMarch 2021.
2021 2020
Number ofbed spaces in management including residential care 77 77

2021 2021 2021 2020
Unrestricted Restricted Total Total
Fundsf Fundsf f
Donations:
General 58,723 58,723 38,469
Restricted funds 59,856 59,856 93,477
Grants (Covid related) 99,170 156,824 255,994
I egacies 7,000 7,000
164,893 216,680 381,573 131,946
4INCOME FROM ACTIVITIES IN FURTHERANCE OF THE CHARITY'8 OBJECTS
2021f 2020f
Social Housing Lettings 673,613 654,238
Non Social Housing Activities:
Residential care 720,300 696,572
Supported living 1,767,836 1,752,092
Skills and activities 1,207,476 1,383,072
Other 6,635 21,309
4,375,860 4,507,283
Restricted Capital Grant income 53,277 53,277
4,429,137 4,560,560
5COSTS OF ACTIVITIES IN FURTHERANCE OF THE CHARITY'8 OBJECTS
2021 2021 2021 2020
Actrvities SuPPort Total Total
Undertaken Costs
Directly
f		 f f f
Social Housing 392,662 81,902 474,564 518,067
Residential care 680,591 109,507 790,098 791,905
Supported living 1,274,021 270,353 1,544,374 1,553,984
Skills and activities 840,834 174,954 1,015,788 1,201,067
3,188,108 636,716 3,824,824 4,065,023
Restricted Social Housing snd other expenditure 188,399 188,399 176,884
3,188,108 825,115 4,013,223 4,241,907
5.1Governance Costs
2021f 2020f
Staff and office costs 34,564 33,158
Audit 15,164 12,000
Legal 8 professional 26,767 2,111
76,495 47,269

6 NET INCOMING RESOURCES FOR THE YEAR 6 NET INCOMING RESOURCES FOR THE YEAR 6 NET INCOMING RESOURCES FOR THE YEAR 6 NET INCOMING RESOURCES FOR THE YEAR 6 NET INCOMING RESOURCES FOR THE YEAR 6 NET INCOMING RESOURCES FOR THE YEAR
2021 2020
E E
Surplus for the year is stated after charging:
Auditors'
remuneration
inclusive		 ofVAT, for external audit 15,164 12,000
Auditors'
remuneration
inclusive		 of VAT, for other services 0 0
Depreciation
on owned tangible fixed assets		 231,948 228,835
Professional
Indemnity
Insurance		 840 840
Trustee travel expenses 49 145
No remuneration
was paid to any		 Trustee
No. No.
The number oftrustees who were paid travel expenses
7 EMPLOYEE INFORMATION
a) Employees
2021 2020
The average number ofemployees
during the year was		 128 129
The average full-time
equivalent		 was 107 108
2021 2020
Staff costs for the above persons:
Gross wages and salaries 2,721,417 2,715,989
Social security costs 204,170 201,531
Pension
contributions		 92,878 96,949
3,018,465 3,014,469
Number ofemployee
received emoluments		 of more than E65,000 - One (2020 - One).
The Company
operates two defined contribution		 group personal pension schemes and the charge for the year
represents
the Company's
share		 ofcontributions payable.
b) Chief Executive and Senior Management Team
2021 2020
Gross salary (excluding
pension		 contribution) ofthe Chief Executives (as defined
by the Accounting
Direction for Private Registered		 Providers of Social Housing 68,167 66,963
2019).
Gross salary (excluding
pension		 contributions) ofthe Senior Management
Team (as
defined
by the Accounting
Direction for Private		 Registered Providers of Social 221,103 241,222
Housing 2019).

Accomm- Swimming Horticulture Main Total
odation for Pool Buildings House and
supported Other
people
8
Cost
At 1st April 2020 6,595,004 162,371 233,724 1,382,351 8,373,450
Additions
and improvements		 65,202 5,160 70,362
Disposals 0
Cost at31st March 2021 6,660,206 162,371 233,724 1,387,511 8,443,812
Depreciation
At 1st April 2020 (1,647,126) (52,435) (88,933) (272,005) (2,060,499)
Depreciation
charge		 in year (125,009) (2,998) (4,674) (27,650) (160,331)
On Disposals 0
Depreciation
at 31st		 March 2021 (1,772,135) (55,433) (93,607) (299,655) (2,220,830)
Net Book Values
At 31st March 2021 4,888,071 106,938 140,117 1,087,856 6,222,982
At 31st March 2020 4,947,878 109,936 144,791 1,110,346 6,312,951

8.2 Other Tangible Asse ts
Leasehold Fixtures 8 Vehicles & Total
Property
&		 Equipment Garden
Improvements Machinery
f f
Cost
At 1st April 2020 1,193,610 477,669 137,012 1,808,291
Additions 63,967 63,967
Disposals
At 31st March 2021 1,193,610 541,636 137,012 1,872,258
Depreciation
At 1st Apriil 2020 (91,673) (312,780) (57,997) (462,450)
Depreciation
charge
in year		 (20,348) (31,515) (19,754) (71,617)
On disposals
At 31st March 2021 (112,021) (344,295) (77,751) (534,067)
Net book values
At 31st March 2021 1,081,589 197,341 59,261 1,338,191
At 31st March 2020 1,101,937 164,889 79,015 1,345,841
The leasehold
properties		 comprise a house in Epsom and four flats in Leatherhead. The Epsom leasehold
property was donated to The Grange, and is for 125years. The estimate ofthe value of this gift is shown
in
note 22.
The lease for the four flats in Leatherhead
is for 999years.
Additions
in the year include items		 purchased to expand the potential for outside activities and safe sheltered
outside visiting,
in response to the		 COVID-19 pandemic
but of long term benefit. They were funded		 from
infection control grant monies reported through Surrey CC.
2021 2020
9INVESTMENTS
Assets held
in the UK:
Market value at 1st April 2020 519,252 353,634
Investments
purchased		 during year 250,000 200,000
Unrealised
(loss) igain on investments		 for year 107,806 ( 34,382)
Market value at 31st March 2021 877858 51,8,252
Cost at 1st April 2020 432,377 232,377
Purchase
during the year
Cost at31stMarch 2021		 250,000
882,377		 200,000
432377,
There were no sales during the year.
All the above investments are unlisted.
The investment
porffolio		 comprised the following investments: 2021 f. '/8 ofTotal
29,024.85 units ofCOIF Charity Investment Fund Income Units. 520,311 59.32'/8
130,356.73 units ofCOIF Charities Ethical Investment
Fund Income		 Units. 356,747 40.68/8

10DEBTORS 2021 2020
E
Fees receivable less provision for bad debts 270,216 294,526
Prepayments 65,560 43,286
Grants receivable
Tax recoverable 3,770 3,770
Investment
income accrued		 1,070 2,542
340,616 344,124
11CASH 2021
F		 2020f
Cash at bank and in hand 2,692,560 1,995,089
12CREDITORS Amount falling due within one year 2021 2020f
Trade creditors 34,212 59,134
Accruals 52,591 50,142
Deferred capital grant income 53,276 53,276
Taxation and social security 64,969 47,216
Other 90,148 15,048
295,196 224,816
13CREDITORS Amounts falling due after more than one
year 2021 2020
5
Deferred capital grant income 1,693,987 1,747,264

Total
income Grant Grant
Grant making
body		 Category Grant released Income Income
to Release Release Grant
1/4/2020 20/21 21/22 Deferred
&1yr
Freehold Property
Social Housing
Grant		 Accommodation
supported
people		 for 1,927,279 710,750 38,546 38,545 1,139,438
Other Grant making bodies Accommodationfor
supported
paopla		 26,259 6,828 525 525 18,381
1,953,538 717,578 39,071 39,070 1,157,819
Community
Fund		 Hortlcultura Building 60,300 24,120 1,206 1,206 33,768
SEPEC * Other 10,000 4,000 200 200 5,600
Total Capital Grant for freehold
property		 2,023,838 745,698 40,477 40,476 1,197,187
Leasehold
Property
Mole Valley DC Grant** 640,000 117,600 12,800 12,800 496,800
Fixtures Equipment and Vehicles
Other Grant making bodies 12,100 12,100
875,398 53,277 53,276 1,693,987
15OPERATING LEASE COMMITMENTS 15OPERATING LEASE COMMITMENTS 15OPERATING LEASE COMMITMENTS 2021 2020
Total commitment
under		 operating leases
Amount
due within one year:
Hire of plant, machinery and service 10,008 7,269
Property 15,650 15,650
Amount
due within two to		 five years:
Hire of plant, machinery and service 40,032 18,172
Property 43,038 58,687
108,728 99,778

2021 2020
Number of Members at 31st March 2021
Maximum
liability ofeach		 Member 61 E1
17RECONCILIATION
OF MOVEMENT		 IN FUNDS
Unrestricted
Funds
Un-
restricted
Funds
F
Balance at 1st April 2020 5,795,364
Total recognised
surplus		 for year 946,820
Balance at 31st March 2021 6,742,184

Restricted Restricted Capital Other Total
building equipment Appeal restricted
fund fund funds
Balance at 1st April 2020 2,422,522 236,827 57,315 56,616 2,773,280
Donations and other receipts 56,620 213,337 269,957
Interest received
Transfers in/(out) ( 100,204) ( 100,204)
Charitable expenditure ( 58,220) ( 27,487) ( 102,692) ( 188,399)
Balance at 31st March 2021 2,364,302 265,960 57,315 67,057 2,754,634

UN- RESTRICTED TOTAL
RESTRICTED FUNDS
FUNDS
FIXEDASSETS
Freehold
property		 2,621,016 3,601,966 6,222,982
Leasehold
property		 419,399 662,189 1,081,588
Other tangible assets 142,951 113,652 256,603
Investments 877,058 877,058
CURRENT ASSETS
Stocks 14,594 14,594
Debtors 340,616 340,816
Cash 2,568,470 124,090 2,692,560
CURRENT LIABILITIES ( 241,920) ( 53,276) ( 295,196)
Deferred Grants ( 1,693,987) ( 1,693,987)
6,742,184 2,754,634 9,496,818
Freehold restricted Property comprises
Property funded by the Building Fund 2,364,302
Property funded by Capital Grants 1,237,663
3,601,965

2021 2020
8
Operating surplus (see note 2) 415,914 318,653
Adjust for non - cash items
Depreciation 231,948 228,835
Capital grant income for year (non cash) ( 53,277) ( 53,277)
Net book value ofvehicle disposals
594,585 494,211
Working Capital Movements
Decrease in stocks 8,873 1,030
(Increase) / decrease in debtors 3,508 ( 52,994)
(Decrease)
/ increase		 in creditors and provisions 70,380 ( 2,311)
Transfer to / (from) deferred grants &1 year to creditors 1
Net cash inflow from operating activities 677,346 439,937

Housing Mole Valley Other
Corporation DC Grant Capital
Grant Grants
8
Balance at 1st April 2020 1,927,279 640,000 96,559
Grant received
/ receivable
Disposal ofassets at end ofuseful life
Balance at 31st March 2021 before income release 1,927,279 640,000 96,559
See note 14for non cash income release from grants

Unrestricted Restricted Total Funds
6 F
Income
Donations
and legacies		 38,469 93,477 131,946
Income from charitable activities 4,507,283 53,277 4,560,560
Event income 21,289 21,289
Investment
income		 26,228 26,230
Total income 4,593,269 146,756 4,740,025
Expenditure
Cost of raising funds 6,186 6,186
Expenditure
on charitable		 activities 4,063,286 178,621 4,241,907
Total expenditure 4,069,472 178,621 4,248,093
Net income/(expenditure) before gains on investments 523,797 ( 31,865) 491,932
Profit/(Loss)
on asset disposal		 ( 3,537) ( 3,537)
Net profit/(loss)
on investments		 ( 34,382) ( 34,382)
Net income
/ (expenditure)		 485,878 ( 31,865) 454,013
Transfer between
funds
Net income and net movement in funds for the year 485,878 ( 31,865) 454,013
Reconciliation
offunds
Total funds brought
forward		 1 April 2019 5,309,486 2,805,145 8,114,631
Total funds carried forward 31 March 2020 5,795,364 2,773,280 8,568,644