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2021-03-31-accounts
| Trustees |
Mr I M A Stewart |
(Chairman) |
|
Mr P R Austin |
|
|
Mr N D Rogers |
|
| Senior Management |
Mr P Buckland |
|
|
Ms S Spring |
|
| Charity number |
209208 |
|
| Registered Office |
557 Seaside Road |
|
|
Eastbourne |
|
|
EastSussex |
|
|
BN23 6NE |
|
| Auditor |
James Todd& Co Limited |
|
|
Drayton House |
|
|
Drayton Lane |
|
|
Chichester |
|
|
West Sussex |
|
|
P020 2EW |
|
| Bankers |
Barclays Bank Plc |
|
|
63-67 Terminus Road |
|
|
Eastbourne |
|
|
East Sussex |
|
|
BN21 3PQ |
|
| Solicitors |
Mayo Wynne Baxter |
|
|
20 Gildredge Road |
|
|
Eastbourne |
|
|
East Sussex |
|
|
BN21 4RP |
|
|
Page |
| Trustees' report |
1-3 |
| Independentauditor's report |
4-6 |
| Statement of financial activities |
7 |
| Balance sheet |
8 |
| Statement of cash flows |
9 |
| Notes to the financial statements |
10-18 |
|
|
Unrestricted |
Total |
|
|
funds |
|
|
|
2021 |
2020 |
|
Notes |
|
|
| Incomefrom: |
|
|
|
| Donations and legacies |
3 |
35,898 |
33,155 |
| Charitable activities |
|
|
|
| Care Wing fees |
4 |
|
1,310,967 |
| General rents |
4 |
640,163 |
607,484 |
| Sundry charitable income |
4 |
90,184 |
36,398 |
| Investments |
5 |
56 |
859 |
| Totalincome |
|
2,109,231 |
|
| Expenditure on: |
|
|
|
| Charitable activities |
|
|
|
| Care Wing costs |
6 |
|
1,303,353 |
| Warden care and property costs |
6 |
292,939 |
381 ,952 |
| Central services |
6 |
455,289 |
432,355 |
| Depreciation |
6 |
153,420 |
191.898 |
| Total charitable expenditure |
|
|
2,309,558 |
| Net expenditure for the yearl |
|
|
|
| Net movement in funds |
|
(197,196) |
(320,695) |
| Fund balances at 1 April 2020 |
|
2,092,724 |
2,413,419 |
| Fund balances at 31 March 2021 |
|
1,895,528 |
2,092,724 |
|
|
|
2021 |
|
2020 |
|
|
|
Notes |
|
|
|
|
| Fixed assets |
|
|
|
|
|
|
| Tangible assets |
|
9 |
|
|
|
|
| Current assets |
|
|
|
|
|
|
| Debtors |
|
11 |
170,211 |
|
180,045 |
|
| Cash at bank and in |
hand |
|
3,379 |
|
63,324 |
|
|
|
|
173,590 |
|
243,369 |
|
| Creditors: amounts |
falling due within |
12 |
|
|
|
|
| one year |
|
|
(470,130) |
|
(763,483) |
|
| Net current (liabilities) / assets |
|
|
|
(296,540) |
|
(520,114) |
| Total assets less current liabilities |
|
|
|
4,067,320 |
|
3,994,232 |
| Creditors: |
falling due after |
13 |
|
(2,171,792) |
|
(1 ,901 ,508) |
| more than one year |
|
|
|
|
|
|
| Net assets |
|
|
|
|
|
|
| Income funds |
|
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
|
2,092,724 |
|
|
2021 |
|
2020 |
|
|
Notes |
|
|
|
|
| Cash flows from operating activities |
|
|
|
|
|
| Cash (absorbed by)/generated from |
16 |
|
|
|
|
| operations |
|
|
45,723 |
|
(52,239) |
| Investing activities |
|
|
|
|
|
| Purchase of tangible fixed assets |
|
(2,934) |
|
(14,949) |
|
| Interest received |
|
56 |
|
859 |
|
| Net cash used in investing activities |
|
|
(2,878) |
|
(14,090) |
| Financing activities |
|
|
|
|
|
| Repayment of bank loans |
|
(102,790) |
|
(117,928) |
|
| Net cash used in financing activities |
|
|
(102,790) |
|
(117,928) |
| Net decrease in cash and cash equivalents |
|
|
(59,945) |
|
(184,257) |
| Cash and cash equivalents at beginning of year |
|
|
63,324 |
|
247,581 |
| Cash and cash equivalents atend of year |
|
|
3,379 |
|
63,324 |
| Relating to: |
|
|
|
|
|
| Bank balances and short term deposits |
|
|
3,379 |
|
63,324 |
| Bank overdrafts |
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
Donations and legacies |
|
|
|
35,898 |
33,155 |
| 4 |
Charitable activities |
|
|
|
|
|
|
|
Care Wing |
General |
Sundry |
Total |
Total |
|
|
fees |
rents |
charitable |
2021 |
2020 |
|
|
|
|
income |
|
|
|
Care wing fees |
|
|
|
1,342,930 |
|
|
Charitable rental income |
|
640,163 |
|
640,163 |
607,484 |
|
Otherincome |
|
|
90,184 |
90,184 |
36,398 |
|
|
1,342,930 |
640,163 |
90,184 |
2,073,277 |
|
| 5 |
Investments |
|
|
|
|
|
|
|
|
|
|
Unrestricted |
Total |
|
|
|
|
|
Funds |
|
|
|
|
|
|
2021 |
2020 |
|
Interest receivable |
|
|
|
56 |
859 |
|
Care Wing |
Care Wing |
Care Wing |
Warden |
Central |
Depreciation |
Total |
Total |
|
|
costs |
|
care and |
services |
|
2021 |
2020 |
|
|
|
|
property |
|
|
|
|
|
|
|
|
costs |
|
|
|
|
| Staffcosts |
1,107,948 |
|
|
97,520 |
328,796 |
|
|
|
| Depreciation and |
|
|
|
|
|
|
|
|
| Impairment |
|
|
|
|
|
153,420 |
153,420 |
191 ,898 |
| Catering |
|
54,154 |
|
|
|
|
54,154 |
71 ,338 |
| Non-food supplies |
|
89 |
, |
|
|
|
89,644 |
87,661 |
| General expenses and |
|
|
|
|
|
|
|
|
| supplies |
|
|
|
|
|
|
|
|
|
|
9,964 |
|
10,066 |
|
|
20,030 |
75,473 |
| Waterand sewerage |
|
|
|
10,271 |
|
|
10,271 |
8,137 |
| Electricity and gas |
|
143,069 |
|
38,458 |
|
|
181,527 |
61,526 |
| Gardens upkeep and |
|
|
|
|
|
|
|
|
| maintenance |
|
|
|
26,744 |
|
|
26,744 |
25,044 |
| Repairs and |
|
|
|
|
|
|
|
|
| maintenance |
|
|
|
104,450 |
|
|
104,450 |
134,772 |
| Council tax |
|
|
|
2,611 |
|
|
2,611 |
2,499 |
| Cleaning |
|
|
|
2,819 |
|
|
2,819 |
3,358 |
| Stationery and postage |
|
|
|
|
11,848 |
|
11,848 |
18,727 |
| Mortgage interest |
|
|
|
|
62,687 |
|
62,687 |
74,122 |
| Telephone |
|
|
|
|
10,084 |
|
10,084 |
12,442 |
| Insurance |
|
|
|
|
15,708 |
|
15,708 |
14,347 |
| Advertising |
|
|
|
|
1,578 |
|
1 ,578 |
1 ,458 |
| Legal and professional |
|
|
|
|
|
|
|
|
| fees |
|
|
|
|
1 1 ,088 |
|
11 ,088 |
8,840 |
|
|
|
|
292,939 |
441,789 |
153,420 |
|
2,298,608 |
| Share of governance |
|
|
|
|
|
|
|
|
| costs (see note 7) |
|
|
|
|
13,500 |
|
13,500 |
10,950 |
|
|
|
|
292,939 |
455,289 |
153,420 |
2,306,427 |
|
| Analysis by fund |
|
|
|
|
|
|
|
|
| Unrestricted funds |
1 |
,404,779 |
|
292,939 |
455,289 |
153,420 |
|
|
|
|
|
|
292,939 |
455,289 |
153,420 |
2,306,427 |
|
| For the year ended 31 |
March 2020 |
|
|
|
|
|
|
|
| Unrestricted funds |
|
|
|
381 ,952 |
432,355 |
191,898 |
|
2,309,558 |
|
|
|
|
381 ,952 |
432,355 |
191 ,898 |
|
2,309,558 |
| 7 |
Support costs |
|
|
|
|
|
|
Support |
Govemance |
2021 |
2020 |
|
|
costs |
costs |
|
|
|
Audit fees |
|
9,500 |
9,500 |
8,000 |
|
Accountancy |
|
3,000 |
3,000 |
2,000 |
|
Bookkeeping |
|
1 ,ooo |
1 ,ooo |
950 |
|
|
|
13,500 |
13,500 |
10,950 |
|
Analysed between |
|
|
|
|
|
Charitable activities |
|
13,500 |
13,500 |
10,950 |
|
2021 |
2020 |
|
Number |
Number |
| CareWing |
51 |
51 |
| Warden care and property costs |
6 |
6 |
| Central services |
15 |
14 |
|
72 |
71 |
| Employment costs |
2021 |
2020 |
| Wages and salaries |
|
|
| Social security costs |
89,730 |
90,416 |
| Other pension costs |
51 ,089 |
47,070 |
| Tangible fixed assets |
|
|
|
|
Freehold land |
Equipment |
Total |
|
and buildings |
|
|
| Cost |
|
|
|
| At 1 April 2020 |
6,933,582 |
452,366 |
7,385,948 |
| Additions |
|
2,934 |
2,934 |
| At 31 March 2021 |
6,933,582 |
455,300 |
7,388,882 |
| Depreciation and impairment |
|
|
|
| At 1 April 2020 |
2,446,517 |
425,085 |
2,871 ,602 |
| Depreciation charged in the year |
137,632 |
15,788 |
153,420 |
| At 31 March 2021 |
2,584, 149 |
440,873 |
3,025,022 |
| Carrying amount |
|
|
|
| At 31 March 2021 |
,349
,433 |
14,427 |
|
| At 31 March 2020 |
4,487,065 |
27,281 |
|
|
|
|
| Financial instruments |
2021 |
2020 |
| Carrying amount of financial assets |
|
|
| Debt instruments measured atamortised cost |
170,211 |
180,045 |
| Carrying amount of financial liabilities |
|
|
| Measured at amortised cost |
2,641,922 |
|
| Debtors |
|
|
|
2021 |
2020 |
| Amounts fallingdue within one year: |
|
|
Trade debtors
- Care wing fees |
137,901 |
149,988 |
| Otherdebtors |
32,310 |
30,057 |
|
170,211 |
180,045 |
| 12 |
Creditors: amounts falling due within one year |
|
|
|
|
|
|
2021 |
2020 |
|
|
Notes |
|
|
|
Bank loans and overdrafts |
14 |
278,197 |
579,143 |
|
Other taxation and social security |
|
23,903 |
24,482 |
|
Payments received on account |
|
76,768 |
95,014 |
|
Trade creditors |
|
45,698 |
33,487 |
|
Other creditors |
|
39,432 |
27,471 |
|
Accruals and deferredincome |
|
6,132 |
3,886 |
|
|
|
470,130 |
763,483 |
| 13 |
Creditors: amounts falling due after more than one year |
|
|
|
|
|
|
2021 |
2020 |
|
|
Notes |
|
|
|
Bank loans |
14 |
2,171,792 |
1 ,901 ,508 |
| 14 |
Loans and overdrafts |
|
|
|
|
|
|
2021 |
2020 |
|
Bankoverdrafts |
|
86,447 |
39,072 |
|
Bank loans |
|
2,363,542 |
2,441,579 |
|
|
|
2,449,989 |
2,480,651 |
|
Payable within one year |
|
191,750 |
579,143 |
| 16 |
Cash generated from operations |
2021 |
2020 |
|
Deficitfor the year |
(197,196) |
(320,695) |
|
Adjustments for: |
|
|
|
Investmentincome recognised in statement of financial activities |
(56) |
(859) |
|
Depreciation and impairment of tangible fixed assets |
153,420 |
191 ,898 |
|
Movements in working capital: |
|
|
|
Decrease/(increase) in debtors |
9,834 |
1 1 ,553 |
|
(Decrease)/lncrease in creditors |
79,721 |
65,864 |
|
Cash (absorbed by)/generated from operations |
45,723 |
(52,239) |