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2021-03-31-accounts

Charity Registration No. 210163

Company Registration No. 361505 (England and Wales)

PARKHAVEN TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

PARKHAVEN TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Clark
C J Flynn
E R Kitt
J Williams
N Adshead (Appointed 1 December
2020)
M Copple (Appointed 9 October 2020)
K Henderson (Appointed 1 December
2020)
Secretary K Randall
Charity number 210163
Company number 361505
Auditor Mitchell Charlesworth LLP
3rd Floor
5 Temple Square
Temple Street
Liverpool
Merseyside
L2 5RH
Bankers Lloyds Bank plc
Station House
Mercury Court
Tithebarn Street
Liverpool
Merseyside
L2 2QP
Solicitors DLA Piper UK LLP
Walker House
Exchange Flags
Liverpool
Merseyside
L2 3YL

PARKHAVEN TRUST

CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 10
Statement of financial activities 11 - 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 33

PARKHAVEN TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2021

The trustees (who are also the directors for the purposes of company law) present their report and financial statements for the year ended 31 March 2021. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Trust strategic objectives are given below with progress made during 2020-21 highlighted in the report.

Parkhaven Trust was established over a hundred years ago when it was called the Maghull Homes for the Epileptics. In 1997, it changed its name to Parkhaven Trust.

The charity’s objects are:

To relieve the needs of older people and people with epilepsy, learning, physical and other disabilities by the provision of community homes, residential care, nursing home care and a range of day and domiciliary care. Also, to provide training opportunities for staff service users and their carers.

Parkhaven Trust’s mission statement is “ to be a centre of excellence and leaders in dementia care".

The services provided :

Residential care

Support services

PARKHAVEN TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Public benefit statement

The Trust is a provider of care for people in need. These services offer an excellent environment, standard and flexibility of care and are open to everyone either directly or through Social Services. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

2020/21 has been a challenging time for everyone associated with Parkhaven Trust, our service users and their families, our staff and their families, our commissioners and our suppliers. Every aspect of what we do has been impacted in some way by the pandemic. Trustees are immensely proud of the way that staff adapted to a new “normal”, in how they care for service users and each other in very challenging times and for the support they have given to families. The Trust continues to follow government guidance to ensure all of our service users and staff remain safe during this time.

The focus for the Trust continues to be on the improvement and development of existing services and support systems. Our estate was upgraded, including internal and external decorations and improvements where it was safe to do so.

During the year the Trust became a member of the NCF Digital Hubble programme and was asked to host visits to the Beeches to share our experience of introducing digital solutions to improve care. Given the pandemic this was delivered via webinars. The weekly Digital Hubble sessions ran from September through to November and included attendees from many care providers and commissioners, CQC and NHS Digital. Involvement in the Hubble project, our presentation at the virtual Care Show and at a meeting of the CQC Intelligence and Digital directorate has raised the profile of the Trust significantly.

Continuing with our strategy to use digital solutions to provide better care the Trust implemented electronic care planning at James Page following the successful implementation at The Beeches and Parkhaven Court. The Family Gateway is being trialled at Parkhaven Court, which will allow next of kin to access some areas of the care record. If successful, access will be given to next of kin in all services using electronic care planning.

The Trust continues to engage an outside company to carry out the role of advisors to the Trust in their approach to Health and Safety. The company carries out a review of policy, risk assessments for fire, premises and grounds, kitchen audits, delivered fire safety training programmes and advised on incident reporting issues.

The Quality Strategy continued to improve quality across the Trust. Infection control was emphasised in response to the pandemic and CQC fundamental standards were used to ensure that services were compliant despite the lack of formal CQC inspections. The Trust continued to be a member of the National Care Forum, which has been invaluable during 2020-21 with timely access to support and guidance on a number of issues.

Our internal audit processes were not as robust as we had planned for due to operational issues managing the pandemic. This is being addressed in the 2021-22 Business Plan. Trustee support calls to services took place in quarter 4 and service user/family feedback was gathered during the year to assess how the Trust was performing.

A staff survey was undertaken and once more produced very positive results with the majority of staff agreeing that Parkhaven is a good place to work.

Most services are rated as “Good” by CQC with the exception of the Beeches which is awaiting a first full inspection.

The workforce development plan enabled the Trust to meet its strategic objectives and support the workforce to provide the highest standards of care to service users. A full review of the HR service was undertaken and issues addressed to ensure that the service continues to deliver. Parkhaven Trust Catering team was announced as National Care Home’s Catering Team of the Year and the Community Services Manager won the Best use of technology award in the Randar Healthcare Software awards.

PARKHAVEN TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

The Trust endeavours to be excellent in all that it does and was once again awarded the Investors in People Gold standard in 2020. This is external recognition of the Trust's commitment to the development, investment and involvement of its staff. The excellence of the services is only possible because of the excellence of its staff. The Trust also maintains the Workplace Wellbeing Award which was awarded in March 2016 in recognition of the Trust's commitment to staff wellbeing. There has been an increased interest in working for Parkhaven Trust and staff turnover reduced to 24.5% during 2020-21 which is below the industry norm of 27.9%.

Financial review

The Trust has been supported by generous gifts and legacies, for which the Trust is most grateful with £5,166 received in donations and fundraising during the year. In addition the Trust received a grant of £58,500 from The Big Lottery fund which supported the provision of care at the Willow Day Centre during the pandemic and secured a bank loan to support financial pressures during 20/21. Additional income from commissioners was also received to support additional COVID-19 costs.

2020/21 has been a very difficult year financially for the Trust. Once again, a small uplift of fees was awarded by the Local Authorities for residential care placements and by the CCG for the funded nursing care rate. The Trust has seen an increase in financial pressures from the increase in usage and costs of PPE and the increased Infection Control measures. This includes adapting our Information Technology to allow service users and their families to remain in contact throughout the pandemic as well as the Trust keeping in regular contact with clinicians, commissioners, Public Health and other outside agencies. The Trust remains clear that full cost recovery must be achieved for all services, and it is working very hard towards this. Where services do not balance income with expenditure, plans have been put in place to address the situation. The Trust aims to minimise its management overheads as far as possible with overheads representing 11% of fee income at the year-end. Each department across the Trust is set a budget for the year. The actual results are discussed with the department heads on a monthly basis which promotes a sense of ownership for the managers and a focus on cost savings (where required) and value for money. The 2021-22 budget has been drafted to include 3% surplus in line with Trust strategy.

Reserves policy

The free reserves of Parkhaven Trust should be sufficient to cover any anticipated running costs for 3 months in order to ensure continuity of service should the Trust experience difficulties with income streams. This is reviewed annually and considered in conjunction with the risk register.

Investment policy

The investment policy of Parkhaven Trust aims to minimise risk and maintain liquidity. Funds are diversified across banking institutions on short to medium term deposits, which can be easily accessed in line with the Trust’s Reserves policy. Interest rates are reviewed to ensure the most competitive rates are sourced. Trustees are briefed on the status of investment values and interest rates on a quarterly basis or more frequently if significant changes arise.

Risk policy

At all times the charity is aware of the need to minimise the risk that it faces. Risks and the risk register are reviewed quarterly by the Trust Board. This is then used to inform the work and priorities of the Trust for the coming months.

Summary

The primary aim of the Trust is to ensure that service users receive high quality services that they want and need, in a safe and excellent environment. The Trust is determined to build on the history and sustainability that it has demonstrated for more than a century. Those that set up the charity showed foresight and generosity in establishing the Trust. It now serves different but no less important functions in affording domiciliary, day and residential care for older people, people with dementia and people with learning disabilities. The Trustees are keen that the Trust continues to demonstrate a real commitment to providing excellent and innovative services that meet the needs of those that require services now and in the future.

PARKHAVEN TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

The charity is a company limited by guarantee, incorporated on 29th May 1940 and is therefore governed by a Memorandum and Articles of Association which have been subject to revision and were formally adopted in September 2008.

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J Clark C J Flynn A S Keith (Resigned 18 November 2020) E R Kitt R McDonnell (Resigned 18 November 2020) J S Parry (Resigned 26 February 2021) J Williams N Adshead (Appointed 1 December 2020) M Copple (Appointed 9 October 2020) K Henderson (Appointed 1 December 2020)

PARKHAVEN TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Trustee appointment, induction and training

Trustees are appointed for a fixed tenure with the possibility of renewal. Trustees are appointed following an open recruitment process which comprises advertising in the local press, online and interviews. The Trust is keen to ensure it has an appropriate skill mix to reflect the needs and focus of the Trust.

All new Trustees receive a comprehensive induction pack and programme. The induction programme includes a meeting with the CEO and visits to all the Trusts’ services. All Trustees have an enhanced DBS check and an annual review with the Chair of the Trust.

The Trust Audit Schedule requires a Trustee to visit every service within the Trust twice per year. Reports on the visits are then completed and forwarded to the Trust Administrator who circulates them to the CEO and relevant managers.

Organisation

A Board of Trustees administers the charity . The Board of Trustees met virtually four times during the twelve month period April 20 20 to March 202 1 . The purpose of the Board is to ensure a clear strategic direction and to hold the organisation to account. The agendas of the meetings reflect these objectives. In addition three sub-committees meet on a regular basis, these include:

The Senior Management Team

Day to day management of the Trust is delegated to the senior managers. The senior management team for 20 20 /2 1 was:

Mrs K Crowe Mrs M O’Reilly Mr M Worden (resigned August 2020) Mrs K Randall Mr J McGe e M s S Butterworth (appointed January 2020) M s K Whitemoss M s R Incledon

The remuneration for each post is considered on the basis of the responsibilities of the post, the market rate for similar positions and experience of the post holder.

PARKHAVEN TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Statement of trustees' responsibilities

The trustees, who are also the directors of Parkhaven Trust for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Mitchell Charlesworth LLP be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' r eport was approved by the Board of Trustees.

K Randall

Company Secretary Dated: 28 July 2021

PARKHAVEN TRUST

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF PARKHAVEN TRUST

Opinion

We have audited the financial statements of Parkhaven Trust (the ‘charity’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements 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, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

PARKHAVEN TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PARKHAVEN TRUST

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the d irectors ' r eport included within the trustees' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below .

PARKHAVEN TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF PARKHAVEN TRUST

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

the nature of the industry and sector, control environment and business performance;

the charity's own assessment of the risks that irregularities may occur either as a result of fraud or error;

the results of our enquiries of management and members of the Board of Trustees of their own identification and assessment of the risks of irregularities;

any matters we identified having obtained and reviewed the charity’s documentation of their policies and procedures relating to:

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the charity's Statement of Financial Activities, (ii) the charity's accounting policy for revenue recognition (iii) the overstatement of salary and other costs (iv) the assumptions used in the calculation of the valuation of the surplus or deficit on the defined benefit pension scheme and the movements for the year. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and the Statement of Recommended Practice - 'Accounting and Reporting by Charities' issued by the joint SORP making body .

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty. These included the registration with the Care Quality Commission and Data Protection Regulations.

PARKHAVEN TRUST

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF PARKHAVEN TRUST

Audit response to risks identified

As a result of performing the above, we identified the presentation of the charity's Statement of Financial Activities , revenue recognition and overstatement of wages and other costs as the key audit matters related to the p otential risk of fraud. The key audit matters section of our report explains the matters in more detail and also describes the specific procedures we performed in response to those key audit matters.

In addition to the above, our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non - compliance with laws and regulations throughout the audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Philip Griffiths (Senior Statutory Auditor) for and on behalf of Mitchell Charlesworth LLP 28 July 2021 Chartered Accountants Statutory Auditor 3rd Floor 5 Temple Square Temple Street Liverpool Merseyside L2 5RH

PARKHAVEN TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Current financial year

Unrestricted
funds
2021
Notes
£
Income and endowments from:
Donations and legacies
3
261,956
Charitable activities
4
4,374,587
Investments
5
2
Other income
6
147,554
Total income
4,784,099
Expenditure on:
Charitable activities
7
4,801,834
Net (expenditure)/income for the year/
Net (outgoing)/incoming resources
(17,735)
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension
schemes
(37,901)
Net movement in funds
(55,636)
Fund balances at 1 April 2020
11,294,993
Fund balances at 31 March 2021
11,239,357		 Restricted
funds
2021
£
58,598
-
-
-
58,598
58,598
-
-
-
422,870
422,870		 Total
2021
£
320,554
4,374,587
2
147,554
4,842,697
4,860,432
(17,735)
(37,901)
(55,636)
11,717,863
11,662,227		 Total
2020
£
107,897
3,642,273
2,767
1,046,809
4,799,746
4,182,671
617,075
1,806
618,881
11,098,982
11,717,863

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PARKHAVEN TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Comparative information at 31 March 2020

Unrestricted
funds
2020
Notes
£
Income and endowments from:
Donations and legacies
3
7,897
Charitable activities
4
3,642,273
Investments
5
2,767
Other income
6
1,046,809
Total income
4,699,746
Expenditure on:
Charitable activities
7
4,182,671
Net (expenditure)/income for the year/
Net (outgoing)/incoming resources
517,075
Other recognised gains and losses
Actuarial (loss)/gain on defined benefit pension schemes
1,806
Net movement in funds
518,881
Fund balances at 1 April 2019
10,776,112
Fund balances at 31 March 2020
11,294,993		 Restricted
funds
2020
£
100,000
-
-
-
100,000
-
100,000
-
100,000
322,870
422,870		 Total
2020
£
107,897
3,642,273
2,767
1,046,809
4,799,746
4,182,671
617,075
1,806
618,881
11,098,982
11,717,863

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

PARKHAVEN TRUST

BALANCE SHEET

AS AT 31 MARCH 2021

2021
Notes
£
£
Fixed assets
Tangible assets
12
11,850,837
Investments
13
2
11,850,839
Current assets
Debtors
15
651,799
Cash at bank and in hand
561,976
1,213,775
Creditors: amounts falling due within one
year
16
(894,887)
Net current assets
318,888
Total assets less current liabilities
12,169,727
Creditors: amounts falling due after more
than one year
17
(507,500)
Net assets
11,662,227
Income funds
Restricted funds
21
422,870
Unrestricted funds
Designated funds
22
189,013
General unrestricted funds
11,050,344
11,239,357
11,662,227
The financial statements were approved by the Trustees on 28 July 2021		 2020
£
£
11,494,961
2
11,494,963
587,788
245,550
833,338
(610,438)
222,900
11,717,863
-
11,717,863
422,870
577,265
10,717,728
11,294,993
11,717,863

J Williams Trustee

Company Registration No. 361505

PARKHAVEN TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from/(absorbed by) operations
27
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed assets
Investment income received
Net cash used in investing activities
Financing activities
Proceeds of new bank loans
Net cash generated from/(used in) financing
activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(420,756)
60,892
2
507,500		 2020
£
£
£
168,788
(356,422)
(2,620,444)
1,058,745
2,767
(359,862)
(1,558,932)
-
507,500
-
316,426
(1,915,354)
245,550
2,160,904
561,976
245,550

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Parkhaven Trust is a private company limited by guarantee incorporated in England and Wales. The address of the registered office is given in the legal and administrative information in these financial statements. The nature of the charity’s operations and principal activities are described in the Trustees’ Report on pages 2 and 3.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association , the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties, including those arising from Covid-19, exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity where they have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity but it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, can be measured reliably and the charity has control over the items. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees’ Annual Report.

The charity receives grants in respect of staff training. Income from government and other grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If the charity does not have entitlement the amounts are deferred.

Voluntary income is only deferred when:

the donor specifies that the grant or donation must only be used in future accounting years; or

the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Income from charitable activity incorporating care fees is deferred until entitlement to the income has passed when received in advance.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes interest and rent. Interest income is recognised using the effective interest method and rent income is recognised as the charity’s right to receive payment is established.

Other income includes gains on disposals of tangible fixed assets.

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a pro-rata basis consistent with use of the resources.

The analysis of these costs is included in note 7.

1.6 Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Individual assets are capitalised on the balance sheet where their cost exceeds £500.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold land and buildings Not depreciated Fixtures and fittings 10% / 20% per annum Motor vehicles 10% / 20% per annum

Depreciation is not provided on freehold land and buildings as they are maintained to a high standard and have such a long expected useful life that any depreciation charge is not considered material.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

Investments in subsidiaries are measured at cost less impairment.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes.

1.12 Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Redundancy pay is payable when the employment of an individual who has been with the charity for more than two years is terminated.

1.13 Retirement benefits

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted
funds
2021
£
Donations and gifts
5,166
Grants receivable
256,790
261,956		 Restricted
funds
2021
£
-
58,598
58,598		 TotalUnrestricted
funds
2021
2020
£
£
5,166
7,897
315,388
-
320,554
7,897		 Restricted
funds
2020
£
-
100,000
100,000		 Total
2020
£
7,897
100,000
107,897

4 Charitable activities

Care and Care and
support support
services services
2021 2020
£ £
Care fees 4,374,587 3,642,273
5 Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Interest receivable 2 2,767
6 Other income
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Net gain on disposal of tangible fixed assets 30,446 1,046,809
Other income 117,108 -
147,554 1,046,809

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

7 Charitable activities

Staff costs
Depreciation and impairment
Agency costs
Other staff costs
Rent, rates and water
Heat, light and power
Cleaning, maintenance and medical supplies
Catering
Activity costs
Travel
Equipment costs
Insurance
Telephone and communications
Bad and doubtful debts
Fees and licences
Loss on disposal of tangible fixed assets
Share of support costs (see note 8)
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 Care and
support
services
2021
£
3,120,372
51,536
464,891
93,110
187,655
192,653
154,170
90,631
7,883
5,572
15,836
60,011
15,127
-
24,150
7,332
4,490,929
325,727
43,776
4,860,432
4,801,834
58,598
4,860,432		 Care and
support
services
2020
£
2,601,826
34,075
352,396
112,640
176,062
121,389
121,730
82,556
22,715
6,727
13,063
53,463
14,860
19,205
20,541
9,936
3,763,184
398,367
21,120
4,182,671
4,182,671
-
4,182,671

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

8
Support costs
Support costs
Governance
costs
£
£
Staff costs
232,332
-
Depreciation
6,014
-
Operating lease charges
17,007
-
Office costs
15,373
-
Legal and professional
25,373
-
Information technology
9,063
-
Advertising and marketing
17,842
-
Loan interest
2,723
-
Audit fees
-
7,214
Trustees' indemnity
insurance
-
1,400
Pension scheme advisory
-
35,162
325,727
43,776
Analysed between
Charitable activities
325,727
43,776		 2021Support costs
Governance
costs
£
£
£
232,332
314,127
-
6,014
7,337
-
17,007
14,002
-
15,373
7,836
-
25,373
26,164
-
9,063
15,989
-
17,842
12,912
-
2,723
-
-
7,214
-
6,500
1,400
-
1,400
35,162
-
13,220
369,503
398,367
21,120
369,503
398,367
21,120		 2020
£
314,127
7,337
14,002
7,836
26,164
15,989
12,912
-
6,500
1,400
13,220
419,487
419,487

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

The trustees did not have any expenses reimbursed during the current or preceding year.

10 Employees

The average monthly number of employees during the year was:

Care and ancillary services
Support
Total		 2021
Number
172
10
182		 2020
Number
181
9
190

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2021
2020
£
£
3,093,080
2,687,883
200,867
175,927
58,757
52,143
3,352,704
2,915,953		 (Continued)
2021
2020
£
£
3,093,080
2,687,883
200,867
175,927
58,757
52,143
3,352,704
2,915,953
2,915,953

The average number of full time equivalents was 149 (2019 150).

Total redundancy payments amount to £9,209 and relate to administrative staff (£8,276) and a gardener (£933).

The number of employees whose annual remuneration was £60,000 or more were:

were:
2021 2020
Number Number
£70,001 - £80,000 1 1

11 Interest payable and similar expenses

Interest on bank loans totalling £2,723 was paid during the year.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

12 Tangible fixed assets

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the year
Eliminated in respect of disposals
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 Freehold land
and buildings
£
11,088,848
388,252
-
11,477,100
-
-
-
-
11,477,100
11,088,848		 Fixtures and
fittings
Motor vehicles
£
£
984,603
45,801
32,504
-
(395,933)
-
621,174
45,801
578,489
45,801
57,549
-
(388,601)
-
247,437
45,801
373,737
-
406,113
-		 Total
£
12,119,252
420,756
(395,933)
12,144,075
624,290
57,549
(388,601)
293,238
11,850,837
11,494,961

13 Fixed asset investments

Other
investments
Cost or valuation
At 1 April 2020 & 31 March 2021 2
Carrying amount
At 31 March 2021 2
At 31 March 2020 2
2021 2020
Other investments comprise: Notes £ £
Investments in subsidiaries 2 2

The company owns the whole of the issued ordinary share capital of The Maghull Homes Limited, a company incorporated in England and Wales. The company has not traded during the year and its share capital and reserves at 31 March 202 1 amounted to £2.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

14
Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Carrying amount of financial liabilities
Measured at amortised cost
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
19
Payments received on account
Trade creditors
Other creditors
Accruals and deferred income
17
Creditors: amounts falling due after more than one year
Notes
Bank loans
18		 2021
£
1,121,011
843,399
2021
£
386,644
21,474
243,681
651,799
2021
£
369,595
-
124,610
207,889
47,677
145,116
894,887
2021
£
507,500		 2020
£
750,937
355,730
2020
£
409,806
4,200
173,782
587,788
2020
£
36,392
1,634
216,682
249,892
26,846
78,992
610,438
2020
£
-

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

18 Loans and overdrafts

Bank loans
Payable after one year
Amounts included above which fall due after five years:
Payable other than by instalments		 2021
£
507,500
507,500
507,500		 2020
£
-
-
-

On 7th October 2020 the charity received a loan of £507,500 from Lloyds Bank. The loan is interest only and is repayable by a single instalment in October 2022. Interest is charged annually at a rate of 1.17% above LIBOR.

The loan is secured by way of legal charges dated 19th October 2020 over the properties at James Page House and Kyffin Taylor House.

19 Deferred income

2021 2020
£ £
Other deferred income - 1,634

20 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £56,657 (2020 - £50,337).

Defined benefit schemes

The charity operates a defined benefit pension plan for qualifying employees providing benefits based upon final pensionable pay. The pension plan is funded by the payment of contributions in accordance with the advice of the scheme actuary and assets of the plan are held in a separately administered fund.

The most recent comprehensive actuarial valuation of pension plan assets and the present value of the defined benefit obligation was carried out at 31st March 20 20 .

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

20 Retirement benefit schemes (Continued)
Key assumptions
2021 2020
% %
Discount rate 1.86 2.31
Expected rate of inflation 3.44 2.75
Pension increases (RPI max 5.0%) 3.34 2.73
Pension increases (RPI max 5.0%, min 3.0%) 3.72 3.42
Mortality assumptions
T he assumed life expectations on retirement at age 65 are:
2021 2020
Years Years
Retiring today
- Males 21.7 21.7
- Females 24 24
Retiring in 20 years
- Males 22.7 22.7
- Females 25.2 25.2
Amounts recognised in the profit and loss account:
2021 2020
£ £
Other costs and income 2,100 1,806
Amounts taken to other comprehensive income:
2021 2020
£ £
Actual return on scheme assets (464,127) 234,161
Less: calculated interest element 65,326 77,577
Return on scheme assets excluding interest income (398,801) 311,738
Actuarial changes related to obligations 456,203 (385,675)
Effects of changes in the amount of surplus that is not recoverable (19,501) 72,131
Total costs/(income) 37,901 (1,806)

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Retirement benefit schemes (Continued)
The amounts included in the balance sheet arising from the charity's obligations in
respect of defined benefit plans are as follows:
2021 2020
£ £
Present value of defined benefit obligations 3,291,226 2,886,271
Fair value of plan assets (3,488,961) (3,103,507)
Surplus in scheme (197,735) (217,236)
Restriction on scheme assets 197,735 217,236
Total liability recognised - -
Movements in the present value of defined benefit obligations:
2021
£
Liabilities at 1 April 2020 2,886,271
Benefits paid (116,574)
Actuarial gains and losses 456,203
Interest cost 65,326
At 31 March 2021 3,291,226

20 Retirement benefit schemes

The defined benefit obligations arise from plans funded as follows:

Wholly unfunded obligations
Wholly or partly funded obligations		 2021
£
-
3,291,226
3,291,226

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

20 Retirement benefit schemes (Continued)
Movements in the fair value of plan assets:
2021
£
Fair value of assets at 1 April 2020 3,103,507
Interest income 65,326
Return on plan assets (excluding amounts included in net interest) 398,801
Benefits paid (116,574)
Contributions by the employer 40,001
Other (2,100)
At 31 March 2021 3,488,961

The fair value of plan assets at the reporting period end was as follows:

Equities and property
Fixed interest bonds
Cash and other
Annuities		 2021
£
1,491,765
1,210,287
296,955
489,954
3,488,961		 2020
£
1,143,990
1,182,259
291,667
485,591
3,103,507

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

21 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in Movement in funds Movement in funds
funds
Balance at
Income		 Balance at Income Expenditure Balance at
1 April 2019 1 April 2020 31 March 2021
£ £ £ £ £ £
Big Lottery Grant Fund 7,870 - 7,870 - - 7,870
Sefton Social Services 140,000 - 140,000 - - 140,000
Garfield Weston 50,000 - 50,000 - - 50,000
Dunhill Medical Centre 85,000 - 85,000 - - 85,000
Clothworkers Foundation 40,000 - 40,000 - - 40,000
The Wolfson Foundation -
100,000		 100,000 - - 100,000
The National Lottery
Community Fund - - - 58,598 (58,598) -
322,870
100,000		 422,870 58,598 (58,598) 422,870

Big Lottery Fund provided a grant as a contribution towards a new Cricket Pavilion.

The Wolfson Foundation has provided a grant of £100,000 to support the cost of The Beeches.

All of the remainder have provided grants to support the cost of building the Willow Centre.

The above funds are represented by tangible fixed assets and as the charity has a policy of not depreciating its freehold property, these funds will remain until such time as the properties are disposed.

The National Lottery Community Fund provided a grant of £58,598 as part of the Coronavirus Community Support Fund programme. This funding was provided to assist the charity in paying operational costs during the Covid 19 pandemic.

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

22 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Buildings development fund Balance at
1 April 2019
£
1,778,384
1,778,384		 Movement in funds
New
designations
Utilised/released
£
£
1,046,809
(2,247,928)
1,046,809
(2,247,928)		 Balance at
1 April 2020
Utilised/released
Balance at
31 March 2021
£
£
£
577,265
(388,252)
189,013
577,265
(388,252)
189,013		 Balance at
1 April 2020
Utilised/released
Balance at
31 March 2021
£
£
£
577,265
(388,252)
189,013
577,265
(388,252)
189,013
189,013

The trustees have set aside the proceeds from the sales of Westover Close and land at Liverpool Road as a buildings development fund.

23 Analysis of net assets between funds

Unrestricted
funds
2021
£
Fund balances at 31
March 2021 are
represented by:
Tangible assets
11,427,967
Investments
2
Current assets/(liabilities)
318,888
Long term liabilities
(507,500)
11,239,357		 Restricted
funds
2021
£
422,870
-
-
-
422,870		 TotalUnrestricted
funds
2021
2020
£
£
11,850,837
11,072,091
2
2
318,888
222,900
(507,500)
-
11,662,227
11,294,993		 Restricted
funds
2020
£
422,870
-
-
-
422,870		 Total
2020
£
11,494,961
2
222,900
-
11,717,863

24 Operating lease commitments

Lessee

The total future minimum lease payments under non-cancellable operating losses are as follows:

Within one year
Between two and five years		 2021
£
5,337
13,341
18,678		 2020
£
5,370
18,796
24,166

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

25 Capital commitments

There were no capital commitments at 31st March 202 1 (20 20 £ Nil ).

26 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2021 2020
£ £
Aggregate compensation 267,390 257,109

The key management personnel of the Trust comprise the Chief Executive, Operations Manager, Finance Manager, Human Resources Manager , Estates Manage r, Marketing Manager and Community Services Manager. .

Mr R McDonnell, a trustee of the charity, is also a director and shareholder of Cavalry Healthcare Ltd. During the year staff agency fees totaling £ Nil were paid to Cavalry Healthcare Ltd (2020 £157,162) . In the opinion of the trustees there is no ultimate controlling party.

27 Cash generated from operations

Cash generated from operations
(Deficit)/surpus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Other recognised gain(loss) on pension scheme
Movements in working capital:
(Increase) in debtors
Increase in creditors
(Decrease) in deferred income
Cash generated from/(absorbed by) operations		 2021
2020
£
£
(17,735)
617,075
(2)
(2,767)
(23,116)
(1,046,809)
57,550
41,412
(37,901)
1,806
(64,011)
(251,116)
286,083
296,727
(1,634)
(12,750)
199,234
(356,422)

PARKHAVEN TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

28
Analysis of changes in net funds
At 1
Cash at bank and in hand
Loans falling due after more than one year		 April 2020
Cash flows At 31 March 2021
£
£
£
245,550
316,426
561,976
-
(507,500)
(507,500)
245,550
(191,074)
54,476

Parkhaven Trust Esiabli5hcd 1888 Mitchell Charlesworth LLP 5 Temple Square Temple Street Liverpool L2 5RH 28 July 2021 Dear Sirs The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider ne￿55ary in connertion with your audit of the charitable companvs financial statements for the year ended 31 Marth 2021. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. General We have fulfilled our responsibilities as trustee5. as set out in the terms of your engagement letter dated 25 May 2021 under the Companie5 Act 2006. for preparing financial statements in accordance with 3pplicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). for being satisfied that they give a true and fair view and for making accurate representations to you. All the transactions undertaken by the charitable company have been properly ￿flected and recorded in the accounting records. All the accounting records have been made available to you for the purpose of your audit. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested. including minutes of all management and trustee meetings and correspondence with The Charity Commission. The financial statements are free of material misstatements. including omi55ions. The effects of uncorrected misstatements are immaterial both individually and in total. www.parl(haven.org.uk Registered Office: Liverpool Road Sourh. Maghull, Liverpool L318BS Tel: OISI 526 4133 • Email: care@parkhaven.org.uk • Fax: 0151526 3207 CompanyNo: 361505 • Registered Charity No: 210163 ', INVESTORS IN PEOPLE | Gold

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Internal Control and Fraud

We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our assessment of the risk that the financial statements may be misstated as a result of fraud.

We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control, or others that could have a material effect on the financial statements.

We have also disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.

Assets and Liabilities

The charitable company has satisfactory title to all assets, and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.

All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

In particular, no impairment is required in respect of the value at which the freehold properties are recorded in the financial statements.

Accounting Estimates

The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

Loans and Arrangements

The charitable company has not granted any advances or credits to, or made guarantees on behalf of, trustees other than those disclosed in the financial statements.

Legal Claims

We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and Regulations

We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

P a g e | 3

Related Parties

Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters that require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent Events

All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going Concern

We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that the current and future sources of funding or support will be more than adequate for the charitable company’s needs having due regard to the impact of Covid-19. We also confirm our plans for future action required to enable the charitable company to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements.

We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.

Grants and donations

All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Regulatory matters

We are not aware of any matters of material significance that should be reported to the Charity Commission.

There have been no other communications with the Charity Commission or other regulatory bodies during the year or subsequently concerning matters of non-compliance with any legal duty.

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware.

Each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make him or herself aware of any relevant audit information and to establish that you are aware of that information.

Yours faithfully

Signed on behalf of the board of trustees by:

……………………………… J Williams Trustee

Company Tax Return CT600 (2021) Version 3

for accounting periods starting on or after 1 April 2015

Your Company Tax Return

If we send the company a ‘Notice’ to deliver a Company Tax Return it has to comply by the filing date or we charge a penalty, even if there is no tax to pay.

A return includes a Company Tax Return form, any supplementary pages, accounts, computations and any relevant information. The CT600 Guide tells you how the return must be formatted and delivered. It contains general information you may need to deliver your return, links to more detailed advice and box-by–box guidance for this form and the supplementary pages.

The forms in the CT600 series set out the information we need and provide a standard format for calculations.

Company information
**1 ** Company name Parkhaven Trust
**2 ** Company registration number 3 6 1 5 0 5
**3 ** Tax reference 2 4 5 1 6 0 7 8 2 2
**4 ** Type of company 8

Northern Ireland

Put an ‘X’ in the appropriate box(es) below 5 NI trading activity 6 SME 7 NI employer 8 Special circumstances

About this return

This is the above company’s return for the period 30 from DD MM YYYY 35 to DD MM YYYY 0 1 0 4 2 0 2 0 3 1 0 3 2 0 2 1 Put an ‘X’ in the appropriate box(es) below 40 A repayment is due for this return period 45 Claim or relief affecting an earlier period 50 Making more than one return for this company now 55 This return contains estimated figures 60 Company part of a group that is not small 65 Notice of disclosable avoidance schemes

Transfer Pricing

70 Compensating adjustment claimed

75 Company qualifies for SME exemption

CT600(2021) Version 3

HMRC 04/21

Page 1

About this return - continued

Accounts and computations

**80 ** I attach accounts and computations for the period to which this return relates X
**85 ** I attach accounts and computations for a different period
90 If you are not attaching the accounts and computations, say why not
Computations: Not within charge to CT
Supplementary pages enclosed
**95 ** Loans and arrangements to participators by close companies– form CT600A
**100 ** Controlled foreign companies and foreign permanent establishment exemptions– form CT600B
**105 ** Group and consortium– form CT600C
**110 ** Insurance– form CT600D
**115 ** Charities and Community Amateur Sports Clubs (CASCs)– form CT600E X

142 Research and Development - form CT600L

Tax calculation

Turnover
**145 ** Total turnover from trade £ 4 8 4 2 6 9 7 • 0 0
150 Banks, building societies, insurance companies and other financial concerns–
put an ‘X’ in this box if you do not have a recognised turnover and have not made an entry in box 145
Income
**155 ** Trading profits £ • 0 0
**160 ** Trading losses brought forward set against trading profits £ • 0 0
**165 ** Net trading profits –box 155 minus box 160 £ • 0 0
**170 ** Bank, building society or other interest, and profits £ • 0 0
from non-trading loan relationships
**172 ** Put an ‘X’ in box 172 if the figure in box 170 is net of
carrying back a deficit from a later accounting period

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Page 2

HMRC 04/21

Income - continued

**175 ** Annual payments not otherwise charged to Corporation Tax
and from which Income Tax has not been deducted		 £ • 0 0
180
Non-exempt dividends or distributions from
non–UK resident companies		 £ • 0 0
**185 ** Income from which Income Tax has been deducted £ • 0 0
**190 ** Income from a property business £ • 0 0
**195 ** Non-trading gains on intangible fixed assets £ • 0 0
**200 ** Tonnage Tax profits £ • 0 0
**205 ** Income not falling under any other heading £ • 0 0
Chargeable gains
**210 ** Gross chargeable gains £ • 0 0
**215 ** Allowable losses including losses brought forward £ • 0 0
**220 ** Net chargeable gains_–_box 210 minus box 215 £ • 0 0

Profits before deductions and reliefs
**225 ** Losses brought forward against certain investment income £ • 0 0
**230 ** Non-trade deficits on loan relationships (including interest)
and derivative contracts (financial instruments)		 £ • 0 0
brought forward set against non-trading profits
**235 ** Profits before other deductions and reliefs – net sum of £ 0 • 0 0
boxes 165 to 205 and 220 minus sum of boxes 225 and 230
Deductions and reliefs
**240 ** Losses on unquoted shares £ • 0 0
**245 ** Management expenses £ • 0 0
**250 ** UK property business losses for this or previous £ • 0 0
accounting period
**255 ** Capital allowances for the purposes of management £ • 0 0
of the business
**260 ** Non-trade deficits for this accounting period from loan £ • 0 0
relationships and derivative contracts (financial instruments)

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Page 3

Deductions and Reliefs - continued

----- Start of picture text -----
263 Carried forward non-trade deficits from loan relationships
and derivative contracts (financial instruments) £ • 0 0
265 Non-trading losses on intangible fixed assets £ • 0 0
275 Total trading losses of this or a later accounting period £ • 0 0
280 Put an ‘X’ in box 280 if amounts carried back from later
accounting periods are included in box 275
285 Trading losses carried forward and claimed against total profits £ • 0 0
290 Non-trade capital allowances £ • 0 0
295 Total of deductions and reliefs £ • 0 0
- total of boxes 240 to 275, 285 and 290
300 Profits before qualifying donations and group relief £ 0 • 0 0
- box 235 minus box 295
305 Qualifying donations £ • 0 0
310 Group relief £ • 0 0
312 Group relief for carried forward losses £ • 0 0
315 Profits chargeable to Corporation Tax £ 0 • 0 0
- box 300 minus boxes 305, 310 and 312
320 Ring fence profits included £ • 0 0
325 Northern Ireland profits included £ • 0 0
----- End of picture text -----

Tax calculation

Enter how much profit has to be charged and at what rate

----- Start of picture text -----
Rate of tax
Financial
Amount of profit Tax
year (yyyy) %
330 335 £ 340 345 £ p
350 £ 355 360 £ p
365 £ 370 375 £ p
380 385 £ 390 395 £ p
400 £ 405 410 £ p
415 £ 420 425 £ p
Corporation Tax - total of boxes 345, 360, 375, 395, 410 and 425 430 £ 0 • 0 0
Marginal relief for ring fence trades 435 £ •
Corporation Tax chargeable box 430 minus box 435 440 £ 0 • 0 0
----- End of picture text -----

CT600(2021) Version 3

HMRC 04/21

Page 4

Reliefs and deductions in terms of tax
**445 ** Community investment relief £ •
**450 ** Double taxation relief £ •
**455 ** Put an ‘X’ in box 455 if box 450 includes an underlying
Rate relief claim
**460 ** Put an ‘X’ in box 460 if box 450 includes an amount carried
back from a later period
**465 ** Advance Corporation Tax £ •
**470 ** Total reliefs and deduction in terms of tax £ •
– total of boxes 445, 450 and 465

Coronavirus support schemes and overpayments (see CT600 guide for definitions)
**471 ** CJRS and JSS received £ •
**472 ** CJRS and JSS entitlement £ •
**473 ** CJRS and JSS overpayment already assessed or voluntary disclosed £ •
**474 ** JRB and EOTHO overpayments £ •
Calculation of tax outstanding or overpaid
**475 ** Net Corporation Tax liability – box 440 minus box 470 £ 0 • 0 0
**480 ** Tax payable on loans and arrangements to participators £ •
**485 ** Put an ‘X’ in box 485 if you completed box A70 in the
supplementary pages CT600A
**490 ** CFC tax payable £ •
**495 ** Bank levy payable £ •
**496 ** Bank surcharge payable £ •
**500 ** CFC tax, bank levy and bank surcharge payable £ •
–total of boxes 490, 495 and 496
**505 ** Supplementary charge (ring fence trades) payable £ •
**510 ** Tax chargeable–total of boxes 475, 480, 500 and 505 £ 0 • 0 0
**515 ** Income Tax deducted from gross income included in profits £ •
**520 ** Income Tax repayable to the company £ •
**525 ** Self-assessment of tax payable before restitution tax £ 0 • 0 0
and coronavirus support scheme overpayments
–box 510 minus box 515

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Page 5

Calculation of tax outstanding or overpaid - continued
**526 ** Coronavirus support schemes overpayment now due £ •
–total of boxes 471 and 474 minus boxes 472 and 473
**527 ** Restitution tax £ •
**528 ** Self-assessment of tax payable £ 0 • 0 0
–total of boxes 525, 526 and 527
Tax reconciliation
530 Research and Development credit £ •
535 (not currently used) £ •
540 Creative tax credit £ •
**545 ** Total of Research and Development credit £ •
and creative tax credit –total box 530 to 540
550 Land remediation tax credit £ •
555 Life assurance company tax credit £ •
**560 ** Total land remediation and life assurance company tax credit £ •
–total box 550 and 555
**565 ** Capital allowances first-year tax credit £ •
**570 ** Surplus Research and Development credits or £ •
creative tax credit payable –box 545 minus box 525
**575 ** Land remediation or life assurance company tax credit payable £ •
–total of boxes 545 and 560 minus boxes 525 and 570
**580 ** Capital allowances first-year tax credit payable £ •
-boxes 545, 560 and 565 minus boxes 525, 570 and 575
**585 ** Ring fence Corporation Tax included £ •
**586 ** NI Corporation Tax included £ •
**590 ** Ring fence supplementary charge included £ •
**595 ** Tax already paid (and not already repaid) £ •
**600 ** Tax outstanding – £ •
box 525 minus boxes 545, 560, 565 and 595
**605 ** Tax overpaid including surplus or payable credits £ •
ttl f b 545 560 565 d 595 i 525

CT600(2021) Version 3

HMRC 04/21

Page 6

Tax reconciliation - continued

**610 ** Group tax refunds surrendered to this company £ •
**615 ** Research and Development expenditure credits £ •
surrendered to this company

Indicators and information

620 Franked investment income/Exempt ABGH distributions
£
0
0
•
625 Number of 51% group companies
Put an ‘X’ in the relevant boxes, if in the period, the company:
630 should have made (whether it has or not) instalment payments as a large company
under the Corporation Tax (Instalment Payments) Regulations
631 should have made (whether it has or not) instalment payments as a very large company
under the Corporation Tax (Instalment Payments) Regulations
635 is within a group payments arrangement for the period
640 has written down or sold intangible assets
645 has made cross-border royalty payments
647 Eat Out to Help Out Scheme: reimbursed discounts
included as taxable income
£
0
0
•		 0 0

Information about enhanced expenditure

Research and Development (R&D) or creative enhanced expenditure

650 Put an ‘X’ in box 650 if the claim is made by a small or medium-sized
enterprise (SME), including a SME subcontractor to a large company
655 Put an ‘X’ in box 655 if the claim is made by a large company
660
R&D enhanced expenditure
£
0
0
•
665
Creative enhanced expenditure
£
0
0
•
670 R&D and creative enhanced expenditure
total box 660 and box 665
£
0
0
•
675 R&D enhanced expenditure of a SME on work
subcontracted to it by a large company
£
0
0
•
680 Vaccine research expenditure
£
0
0
•		 650 Put an ‘X’ in box 650 if the claim is made by a small or medium-sized
enterprise (SME), including a SME subcontractor to a large company
655 Put an ‘X’ in box 655 if the claim is made by a large company
660
R&D enhanced expenditure
£
0
0
•
665
Creative enhanced expenditure
£
0
0
•
670 R&D and creative enhanced expenditure
total box 660 and box 665
£
0
0
•
675 R&D enhanced expenditure of a SME on work
subcontracted to it by a large company
£
0
0
•
680 Vaccine research expenditure
£
0
0
•
0 0

Land remediation enhanced expenditure

685 Enter the total enhanced expenditure

£ • 0 0

CT600(2021) Version 3

HMRC 04/21

Page 7

Information about capital allowances and balancing charges Allowances and charges in calculation of trading profits and losses

Capital allowances Capital allowances Capital allowances Capital allowances Capital allowances Balancing charges Balancing charges Balancing charges Balancing charges Balancing charges
Annual investment
allowance		 690 £
Machinery and plant
– special rate pool
695		 £ 700 £
Machinery and plant
– main pool
705		 £ 710 £
Structures and
buildings		 711 £
Business premises
renovation		 715 £ 720 £
Other allowances
and charges		 725 £ 730 £
Capital allowances Disposal value
Electric
charge-points		 713 £ 714 £
Enterprise zones 721 £ 722 £
Zero emissions
goods vehicles		 723 £ 724 £
Zero emissions 726 £ 727 £
cars

Allowances and charges not included in calculation of trading profits and losses

Capital allowances Capital allowances Capital allowances Capital allowances Capital allowances Balancing charges Balancing charges Balancing charges Balancing charges Balancing charges
Annual investment
allowance		 735 £
Structures and
buildings		 736 £
Business premises
renovation		 740 £ 745 £
Other allowances
and charges		 750 £ 755 £
Capital allowances Disposal value
Electric
charge-points		 737 £ 738 £
Enterprise zones 746 £ 747 £
Zero emissions
goods vehicles		 748 £ 749 £
Zero emissions 751 £ 752 £
cars

CT600(2021) Version 3

Page 8

HMRC 04/21

Qualifying expenditure

**760 ** Machinery and plant on which first £ • 0 0
year allowance is claimed
**765 ** Designated environmentally friendly £ • 0 0
machinery and plant
**770 ** Machinery and plant on long-life £ • 0 0
assets and integral features
**771 ** Structures and buildings £ • 0 0
**775 ** Other machinery and plant £ • 0 0

Losses, deficits and excess amounts Amount arising

Amount Amount Maximum available Maximum available Maximum available Maximum available Maximum available for surrender for surrender for surrender for surrender
as group relief
Losses of trades
carried on wholly		 780 £ 785 £
or partly in the UK
Losses of trades		 790 £
carried on wholly
outside the UK
Non-trade deficits 795 £ 800 £
on loan relationships
and derivative contracts
UK property
business losses		 805 £ 810 £
Overseas property
business losses		 815 £
Losses from
miscellaneous		 820 £
transactions
Capital losses 825 £
Non-trading losses on
intangible fixed assets		 830 £ 835 £

Excess amounts

Amount Maximum available for surrender as group relief Non-trade capital 840 £ allowances Qualifying donations 845 £ Management expenses 850 £ 855 £

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HMRC 04/21

Northern Ireland information

856
Amount of group relief claimed which relates to NI trading
losses used against rest of UK/mainstream profits		 £ • 0 0
857
Amount of group relief claimed which relates to NI trading
losses used against NI trading profits		 £ • 0 0
858
Amount of group relief claimed which relates to rest of
UK/mainstream losses used against NI trading profits		 £ • 0 0

Overpayments and repayments Small repayments

860 Do not repay sums of £ • 0 0 or less. Read the overpayments and repayments section of the Company Tax Return Guide for specific guidance on when and how to make an entry in this box.

Repayments for the period covered by this return
865 Repayment of Corporation Tax £ •
870 Repayment of Income Tax £ •
875 Payable Research and Development tax credit £ •
880 Payable Research and Development expenditure credit £ •
885 Payable creative tax credit £ •
890 Payable land remediation or life assurance company £ •
tax credit
895 Payable capital allowances first-year tax credit £ •

Surrender of tax refund within group

Including surrenders under the Instalment Payments Regulations. Including surrenders under the Instalment Payments Regulations.
**900 ** The following amount is to be surrendered £ •
Put an ‘X’ in the appropriate box(es) below
the joint Notice is attached 905
or
will follow 910
915 Please stop repayment of the following amount £ •
until we send you the Notice

CT600(2021) Version 3

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HMRC 04/21

Bank details (for person to whom a repayment is to be made)

920 Name of bank or building society

925 Branch sort code

930 Account number

935 Name of account 940 Building society reference

Payments to a person other than the company

945 Complete the authority below if you want the repayment to be made to a person other than the company I, as (enter status – company secretary, treasurer, liquidator or authorised agent, etc)

950 of (enter company name)

955 authorise (enter name)

960 of address (enter address)

965 Nominee reference

to receive payment on company’s behalf

970 Name

Declaration

Declaration

I declare that the information I have given on this Company Tax Return and any supplementary pages is correct and complete to the best of my knowledge and belief. I understand that giving false information in the return, or concealing any part of the company’s profits or tax payable, can lead to both the company and me being prosecuted.

K RANDALL 980 Date DD MM YYYY 08/17/2021 985 Status Secretary

CT600(2021) Version 3

HMRC 04/21

Page 11

Company Tax Return – supplementary page Charities and Community Amateur Sports Clubs (CASCs) CT600E (2015) Version 3 for accounting periods starting on or after 1 April 2015

Guidance

Guidance about when and how to complete this supplementary page can be found in the CT600 Guide.

For further information read What supplementary pages do I need to complete and include as part of the Company Tax Return? to find out what supplementary pages you need to complete.

Also, read the Important points about all supplementary pages and CT600E – Charities and Community Amateur Sports Clubs (CASCs) for further guidance about completing this supplementary page.

Company information

----- Start of picture text -----
E1 Company name Parkhaven Trust
(name of charity or CASC)
E2 Tax reference
2 4 5 1 6 0 7 8 2 2
Period covered by this supplementary page (cannot exceed 12 months)
E3 from DD MM YYYY
0 1 0 4 2 0 2 0
E4 to DD MM YYYY 3 1 0 3 2 0 2 1
Claims to exemption ( this section should be completed in all cases)
Charity/CASC repayment reference E5
Charity Commission registration number, or E10 210163
OSCR number (if applicable)
Put an ‘X’ in the relevant box if during the period covered by these supplementary pages:
The company was a charity/CASC and is claiming E15 X
exemption from all tax on all or part of its income
and gains (Also put an ‘X’ in box E15 if the company
was a charity/CASC but had no income or gains in the period)
All income and gains are exempt from tax and have been, E20 X
or will be, applied for charitable or qualifying purposes only
Some of the income and gains may not be exempt or have E25
not been applied for charitable or qualifying purposes only,
and I have completed form CT600
I claim exemption from tax
Name
E30 K RANDALL
Status
E35 Secretary
Date DD MM YYYY
E40 08/17/2021
----- End of picture text -----

CT600E(2015) Version 3

HMRC 04/15

Page 1

Repayments

To make a repayment claim for the period covered by these supplementary pages, please register and enrol to use the Charities Online service. See CT600 guide for further information.

Put an ‘X’ in the box if during the period covered by these supplementary pages you have over claimed tax.

E45

Information required

Enter details of any income received from the following sources, claimed as exempt from tax in the hands of the charity/CASC. Enter the figure included in the charity’s/CASC’S accounts for the period covered by this return.

Non-exempt amounts should be entered on form CT600 in the appropriate boxes.

Type of income
Amount
Enter total turnover from exempt charitable
trading activities
£
0
0
•
E50
Investment income – exclude any amounts included on
form CT600
£
0
0
•
E55
UK land and buildings – exclude any amounts included
on form CT600
£
0
0
•
E60
Gift Aid – exclude any amounts included on form CT600
£
0
0
•
E65
From other charities – exclude any amounts included
on form CT600
£
0
0
•
E70
Gifts of shares or securities received
£
0
0
•
E75
Gifts of real property received
£
0
0
•
E80
Other sources (not included above)
£
0
0
•
E85
Total of boxes E50 to E85
£
0
0
•
E90
4
8
4
2
6
9
7
4
6
8
1
0
8
2
4
3
7
4
5
8
7		 Type of income
Amount
Enter total turnover from exempt charitable
trading activities
£
0
0
•
E50
Investment income – exclude any amounts included on
form CT600
£
0
0
•
E55
UK land and buildings – exclude any amounts included
on form CT600
£
0
0
•
E60
Gift Aid – exclude any amounts included on form CT600
£
0
0
•
E65
From other charities – exclude any amounts included
on form CT600
£
0
0
•
E70
Gifts of shares or securities received
£
0
0
•
E75
Gifts of real property received
£
0
0
•
E80
Other sources (not included above)
£
0
0
•
E85
Total of boxes E50 to E85
£
0
0
•
E90
4
8
4
2
6
9
7
4
6
8
1
0
8
2
4
3
7
4
5
8
7		 Type of income
Amount
Enter total turnover from exempt charitable
trading activities
£
0
0
•
E50
Investment income – exclude any amounts included on
form CT600
£
0
0
•
E55
UK land and buildings – exclude any amounts included
on form CT600
£
0
0
•
E60
Gift Aid – exclude any amounts included on form CT600
£
0
0
•
E65
From other charities – exclude any amounts included
on form CT600
£
0
0
•
E70
Gifts of shares or securities received
£
0
0
•
E75
Gifts of real property received
£
0
0
•
E80
Other sources (not included above)
£
0
0
•
E85
Total of boxes E50 to E85
£
0
0
•
E90
4
8
4
2
6
9
7
4
6
8
1
0
8
2
4
3
7
4
5
8
7
0 0

Enter details of expenditure as shown in the charity’s/CASC’s accounts for the period covered by these supplementary pages

Type of expenditure
Amount
Trading costs in relation to exempt charitable activities
(in box E50)
£
0
0
•
E95
UK land and buildings costs in relation to exempt
charitable activities (in box E60)
£
0
0
•
E100
All general administration/governance costs
£
0
0
•
E105
All grants and donations made within the UK
£
0
0
•
E110
All grants and donations made outside the UK
£
0
0
•
E115
Other expenditure not included above, or not used in
calculating figures entered on the form CT600
£
0
0
•
E120
Total of boxes E95 to E120
£
0
0
•
E125
4
8
6
0
4
3
2
3
6
9
5
0
3
4
4
9
0
9
2
9		 Type of expenditure
Amount
Trading costs in relation to exempt charitable activities
(in box E50)
£
0
0
•
E95
UK land and buildings costs in relation to exempt
charitable activities (in box E60)
£
0
0
•
E100
All general administration/governance costs
£
0
0
•
E105
All grants and donations made within the UK
£
0
0
•
E110
All grants and donations made outside the UK
£
0
0
•
E115
Other expenditure not included above, or not used in
calculating figures entered on the form CT600
£
0
0
•
E120
Total of boxes E95 to E120
£
0
0
•
E125
4
8
6
0
4
3
2
3
6
9
5
0
3
4
4
9
0
9
2
9		 Type of expenditure
Amount
Trading costs in relation to exempt charitable activities
(in box E50)
£
0
0
•
E95
UK land and buildings costs in relation to exempt
charitable activities (in box E60)
£
0
0
•
E100
All general administration/governance costs
£
0
0
•
E105
All grants and donations made within the UK
£
0
0
•
E110
All grants and donations made outside the UK
£
0
0
•
E115
Other expenditure not included above, or not used in
calculating figures entered on the form CT600
£
0
0
•
E120
Total of boxes E95 to E120
£
0
0
•
E125
4
8
6
0
4
3
2
3
6
9
5
0
3
4
4
9
0
9
2
9
0 0

CT600E(2015) Version 3

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HMRC 04/15

Information required

Charity/CASC assets

Charity/CASC assets Charity/CASC assets Charity/CASC assets Charity/CASC assets
Disposals in period Held at the end of the period
(total consideration received) (use accounts figures)
Tangible fixed
E130
£		 6 0 8 9 2 E135 £ 1 1 8 5 0 8 3 7
assets
UK investments
E140
£		 E145 £
(excluding
controlled companies)
Shares in,
E150
£		 E155 £ 2
and loans to,
controlled companies
Overseas
E160
£		 E165 £
investments
Loans and non-trade debtors E170 £
Other current assets E175 £ 1 2 1 3 7 7 5
Qualifying investments and loans E180
Applies to charities only. See CT600 Guide
Value of any non-qualifying investments and loans E185 £
Applies to charities only. See CT600 Guide
Number of subsidiary or associated companies the charity E190
controls at the end of the period. Exclude companies that
were dormant throughout the period

CT600E(2015) Version 3

HMRC 04/15

Page 3