2021-03-31-accounts - John Howard Nurses' Homes

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REGISTERED CHARITY NUMBER: 212584

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

THE JOHN HOWARD NURSES HOMES

Chariot House Limited Chartered Accountants

44 Grand Parade Brighton East Sussex BN2 9QA

THE JOHN HOWARD NURSES HOMES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12
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THE JOHN HOWARD NURSES HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

The trustees present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of 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

Objectives and aims

The Charity owns 24 cottages in Brighton. Average occupancy during the year was 88% (2020: 86%). Graves Son and Pilcher provide a managing service to the Charity.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

A sub group of the Trustees meets regularly with the managing agents, Graves Son and Pilcher, which helps to ensure the continued smooth running of the cottages as well as adhering to all the regulatory requirements.

Three cottages were redecorated, and one completely refurbished, and are now let to new residents. In addition, three residents moved to alternative cottages within the site, due to health reasons.

The cost of the gardening continues to increase as more residents have become unable to maintain their plots. The Trustees are therefore paying for the gardener to do them in addition to the general maintenance of the grounds.

In September, Tree Surgeons gave all the hedges a very hard cut and the sycamore tree was reduced by about 30%. As well as being more manageable in the future, this has given more light to some cottages and a wider main entrance.

Covid-19 has impacted the lives of the residents as it has for everyone. The gardener and cleaners continued to work on site, whilst maintaining social distancing. No major building works were undertaken but there has been the usual day to day maintenance of the 24 cottages and the Lodge. Six monthly checks on all drains, gulleys, hoppers etc. are still ongoing.

The guest flat and communal lounge have been closed for the whole year. Viewings of empty properties did resume in the summer, after some of the restrictions were eased, which resulted in five new residents.

FINANCIAL REVIEW

Financial position

Rental income totalled £93,075 in the year ended 31 March 2021 (2020: 92,946), an minor increase compared to the previous year.

Expenditure on maintenance and other running costs was £84,951. This included expenditure of £71,762 (2020: £93,648) in respect of high maintenance costs due to the age and state of the properties. The total outgoing resources for the year were £86,427 (2020: £109,764). At 31 March 2021, total reserves were £455,282 (2020: £433,011) including unrestricted reserves of £338,539 (2020: £316,268).

During the year donations of £15,000 (2020: £15,000) were received, and this is included in other income.

The freehold properties are included in the accounts at cost, which is considered to be substantially below their current market value.

Excess cash funds are held in interest bearing accounts.

Page 1

THE JOHN HOWARD NURSES HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

FINANCIAL REVIEW

Reserves policy

The trustee has reviewed the charity's reserves and is satisfied that they are adequate to meet both ongoing regular expenditure and to provide for periodic significant property maintenance costs which arise from time to time.

The trustee continues to refurbish the cottages as they become vacant to bring them up to a modern and consistent standard. Advertising is ongoing to attract new residents with the aim of achieving 100% occupancy.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The John Howard Nurses Homes ("the Charity") was founded as a charity under the terms of the will (the "governing document") of Sir John Howard, who died on 20 April 1917, to provide accommodation for nurses whose health has broken down or who otherwise are not able to follow their profession and whose means are limited.

When reviewing our aims and objectives we have referred to the Charity Commission's general guidance on public benefit. All of our activities are undertaken to further our charitable purposes for the public benefit.

The John Howard Nurses Homes is registered as a charity, number 212584.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

212584

Principal address

Parish Office St George's Church St George's Road Brighton East Sussex BN2 1ED

Trustees

Rev Dr A Manson-Brailsford Miss M Ellis Miss S Clough Mr R Newing (resigned 24/5/2021) Miss A Moulson Mr M Ryan (resigned 28/9/2020) Mr B Moyle Rosser Rev M Samuel (resigned 28/9/2020) Mrs S Spackman Dr H Beaumont (appointed 27/4/2021) Mr A Cooke (appointed 27/4/2021)

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THE JOHN HOWARD NURSES HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

John Thacker FCA DChA Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Bankers

Barclays Bank plc 139/140 North Street Brighton BN1 1RU

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... Rev Dr A Manson-Brailsford - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JOHN HOWARD NURSES HOMES

Independent examiner's report to the trustees of The John Howard Nurses Homes

I report to the charity trustees on my examination of the accounts of The John Howard Nurses Homes (the Trust) for the year ended 31st March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Thacker FCA DChA Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Date: .............................................

Page 4

THE JOHN HOWARD NURSES HOMES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

Unrestricted Endowment fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Charitable activities Rent receivable 93,075 - Donations 15,000 - Investment income 2 623 - Total 108,698 - EXPENDITURE ON Charitable activities Charitable expenditure 86,427 - NET INCOME 22,271 - RECONCILIATION OF FUNDS Total funds brought forward 316,268 116,743 TOTAL FUNDS CARRIED FORWARD 338,539 116,743	2021 Total funds £ 93,075 15,000 623 108,698 86,427 22,271 433,011 455,282	2020 Total funds £ 92,946 15,000 2,569
		110,515 109,764
		751 432,260
		433,011

The notes form part of these financial statements

Page 5

THE JOHN HOWARD NURSES HOMES

BALANCE SHEET

31ST MARCH 2021

Unrestricted Endowment fund fund Notes £ £ FIXED ASSETS Tangible assets 6 62,083 - CURRENT ASSETS Debtors 7 6,539 - Cash at bank 278,278 116,743 284,817 116,743 CREDITORS Amounts falling due within one year 8 (8,361) - NET CURRENT ASSETS 276,456 116,743 TOTAL ASSETS LESS CURRENT LIABILITIES 338,539 116,743 NET ASSETS 338,539 116,743 FUNDS 9 Unrestricted funds Endowment funds TOTAL FUNDS	2021 Total funds £ 62,083 6,539 395,021 401,560 (8,361) 393,199 455,282 455,282 338,539 116,743 455,282	2020 Total funds £ 62,083 6,176 373,496 379,672 (8,744) 370,928 433,011 433,011 316,268 116,743 433,011

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Rev Dr A Manson-Brailsford - Trustee

The notes form part of these financial statements

Page 6

THE JOHN HOWARD NURSES HOMES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided Fixtures and fittings - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed assets

Fixed Assets comprise Freehold Property which is stated at cost, and Furniture and Fittings which are stated at cost less depreciation. No depreciation is charged on freehold buildings as any such charge is not considered to be material. Depreciation of Furniture and Fittings is calculated on a straight line basis over 4 years. Assets costing less than £1,000 are not capitalised but are charged to the statement of financial activities at the date of purchase.

continued...

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THE JOHN HOWARD NURSES HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

2. INVESTMENT INCOME

INVESTMENT INCOME
	2021	2020
	£	£
Investment income	623	2,569

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Endowment fund fund £ £ INCOME AND ENDOWMENTS FROM Charitable activities Rent receivable 92,946 - Donations 15,000 - Investment income 2,569 - Total 110,515 - EXPENDITURE ON Charitable activities Charitable expenditure 109,764 - NET INCOME 751 - RECONCILIATION OF FUNDS Total funds brought forward 315,517 116,743 TOTAL FUNDS CARRIED FORWARD 316,268 116,743	Total funds £ 92,946 15,000 2,569
	110,515 109,764
	751 432,260
	433,011

continued...

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THE JOHN HOWARD NURSES HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

5. GOING CONCERN - COVID19

The charity has prepared these accounts on a going concern basis, however there are material uncertainties in respect of COVID-19 and management have taken into consideration the existing and potential effects of coronavirus on the activities of the charity in the future.

6. TANGIBLE FIXED ASSETS

Totals £ 65,879 3,796 62,083 62,083 2020 £ 6,176 2020 £ 8,744 At 31/3/21 £ 338,539 116,743	Totals £ 65,879	Totals £ 65,879
	3,796
	62,083
	62,083
		2020 £ 6,176
		2020 £ 8,744
455,282

continued...

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THE JOHN HOWARD NURSES HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming resources £ Unrestricted funds General fund 108,698 TOTAL FUNDS 108,698 Comparatives for movement in funds At 1/4/19 £ Unrestricted funds General fund 315,517 Endowment funds Endowment fund 116,743 TOTAL FUNDS 432,260 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 110,515 TOTAL FUNDS 110,515	Resources Movement expended in funds £ £ (86,427) 22,271 (86,427) 22,271 Net movement At in funds 31/3/20 £ £ 751 316,268 - 116,743 751 433,011 Resources Movement expended in funds £ £ (109,764) 751 (109,764) 751	Resources Movement expended in funds £ £ (86,427) 22,271 (86,427) 22,271 Net movement At in funds 31/3/20 £ £ 751 316,268 - 116,743 751 433,011 Resources Movement expended in funds £ £ (109,764) 751 (109,764) 751
		751

continued...

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THE JOHN HOWARD NURSES HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2021.

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THE JOHN HOWARD NURSES HOMES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

INCOME AND ENDOWMENTS Investment income Investment income Charitable activities Rent received Donations Total incoming resources EXPENDITURE Charitable activities Property costs Managing agent costs Other costs Support costs Governance costs Independent examination Total resources expended Net income	2021 £ 623 93,075 15,000 108,075 108,698 71,762 12,000 1,189 84,951 1,476 86,427 22,271	2020 £ 2,569 92,946 15,000
		107,946
		110,515 93,648 12,000 2,664
		108,312 1,452
		109,764
		751

This page does not form part of the statutory financial statements

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