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|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||
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||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|
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|||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|
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||||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|
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|||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||||||
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||||||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|
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||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|
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|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|
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||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|
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|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||
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|---|---|---|
|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|
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|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|
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|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)|
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