| Page | ||
|---|---|---|
| Charity Information | ||
| Ofiicers and Committee | Members | |
| Report ofthe Trustees | ||
| Independent Auditor's |
Report | |
| Statement ofFinancial | Activities | 10 |
| Balance Sheet | 12 | |
| Statement ofcash flows | 13 | |
| Notes to the Financial Statements | 14 | |
| Financial Support | 21 |
| REGISTERED OFFICE | Bilton House | |||
|---|---|---|---|---|
| 5 Bawnmore | Road | |||
| Rugby | ||||
| Warwickshire | ||||
| CV22 7QH | ||||
| REGISTERED CHARITY NUMBER | 214479 | |||
| AUDITORS | Atkinson Finch &Co |
|||
| Chartered Accountants |
||||
| Central Chambers | ||||
| 45-47 Albert | Street | |||
| Rugby | ||||
| Warwickshire | ||||
| CV21 2SG | ||||
| BANKERS | Lloyds Bank | Pic | ||
| 14Church Street | ||||
| Rugby | ||||
| Warwickshire | ||||
| CV21 3PL | ||||
| FINANCIAL ADVISERS | Rathbone Investment |
Management | Limited | |
| 159New Bond Street | ||||
| London | ||||
| W1S2UD |
| FOR THE YEAR ENDED | 3 | 1ST | MARCH 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| General | Care | Capital | 2021 | 2020 | ||||
| Fund | Fund | reserve | ||||||
| Notes | 6 | 6 | ||||||
| INCOMING RESOURCES | ||||||||
| Voluntary income |
||||||||
| Donations | 2 | 8,669 | 31,193 | 39,862 | 18,456 | |||
| Legacies | 2 | 31,553 | 31,553 | 300 | ||||
| Activities for generating | funds | |||||||
| Garden party and coffee |
mornings | 3,612 | ||||||
| Investment income |
5 | 7,421 | 9,763 | 17,184 | 18,698 | |||
| Incoming resources from |
Charitable | |||||||
| Activities | ||||||||
| Residents fees | 1,214,361 | 1,214,361 | 1,278,491 | |||||
| Other income | 6 | 88,890 | 88,890 | |||||
| TOTAL INCOMING RESOURCES | 1,319,341 | 72,509 | 1,391,850 | 1,319,557 | ||||
| RESOURCES EXPENDED | ||||||||
| Costs ofgenerating funds |
||||||||
| Investment management |
charges | 1,804 | 2,373 | 4,177 | 4,153 | |||
| Charitable activities |
||||||||
| Salaries and wages (Care) | 4 | 1,013,090 | 1,013,090 | 950,970 | ||||
| Food | 76,675 | 76,675 | 84,955 | |||||
| Household expenses |
54,010 | 54,010 | 38,832 | |||||
| Light and heat | 41,967 | 41,967 | 41,520 | |||||
| Rates and water | 9,663 | 9,663 | 7,944 | |||||
| Residents amenities | 6,625 | 6,625 | 12,354 | |||||
| Salaries and wages (Admin) | 4 | 50,158 | 50,158 | 44,826 | ||||
| Insurances | 8,746 | 8,746 | 9,114 | |||||
| Bank charges | 96 | 96 | 124 | |||||
| Telephone, printing, postage |
and | advertising | 3,578 | 3,578 | 7,960 | |||
| Repairs and renewals | 51,015 | 51,015 | 74,143 | |||||
| Professional fees | 6,942 | 6,942 | 7,195 | |||||
| Audit costs and publications | 3,624 | 3,624 | 3,528 | |||||
| Covid Grant Spending | 74,215 | 74,215 | ||||||
| General expenses | 10,993 | 10,993 | 10,640 | |||||
| Staff training | 2,912 | 2,912 | 9,100 | |||||
| Depreciation | 54,871 | 54,871 | 54,873 | |||||
| 1,469,180 | 1,469,180 | 1,358,078 | ||||||
| TOTAL RESOURCES EXPENDED | 1,470,984 | 2,373 | 1,473,357 | 1,362,231 | ||||
| NET (OUTGOING)/INCOMING | RESOURCES | |||||||
| BEFORETRANSFERS | (151,643) | 70,136 | (81,507) | (42,674) | ||||
| Transfers between funds |
103,380 | (48,509) | (54,871) | |||||
| NET (OUTGOING)/INCOMING FOR THE YEAR |
RESOURCES ~48,263 |
21,627 | ~54,871 | ~85567 | ~42,674) |
| FOR THE YEAR ENDED 31ST | MARCH 2021 | |||||
|---|---|---|---|---|---|---|
| General | Care | Capital | 2021 | 2020 | ||
| Fund | Fund | reserve | ||||
| Notes | E | F | F | |||
| NET (OUTGOING)/INCOMING | RESOURCES | |||||
| FOR THE YEAR (brought forward) | (48,263) | 21,627 | (54,871) | (81,507) | (42,674) | |
| OTHER RECOGNISED GAINS | AND LOSSES | |||||
| (Losses)/gains on investment |
assets | |||||
| -Realised - Unrealised |
8 | 444 55,086 |
585 72,472 |
1,029 121551,1 |
2,658 ~50,530 |
|
| NET MOVEMENT IN FUNDS |
7,267 | 94,684 | (54,871) | 47,080 | (120,655) | |
| BALANCE BROUGHT FORWARD | 339,212 | 445,809 | 1,655,031 | 2,440,052 | 2,560,707 | |
| BALANCE CARRIED FORWARD | 346,479 | 540,493 | 1,600,160 | 2,487,132 | 2,440,052 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| E | f | ||||||
| CASH FLOWS FROM OPERATING | ACTIVITIES | ||||||
| Net cash provided by (used in) |
operating | activities | ~21,162 | 35,207 | |||
| Cash flows from investing activities: |
|||||||
| Dividends and interest from investments |
17,184 | 18,698 | |||||
| Purchase of property, plant and equipment |
(68,212) | ||||||
| Proceeds from sale ofinvestments Purchase of investments |
21,863 ~43,007 |
38,181 ~40.519 |
|||||
| Net cash provided by (used in) |
investing | activities | ~4,560 | ~50.852 | |||
| Cash flows from financing activities: |
|||||||
| Repayments of borrowing |
|||||||
| Cash inflows from new borrowings | |||||||
| Receipt ofendowment | |||||||
| Net cash provided by (used in) |
financing | activities | |||||
| Change in cash and cash equivalents |
in the | reporting | period | (25,722) | (24,645) | ||
| Cash and cash equivalents at the |
beginning | ofthe reporting | period | 307,815 | 332,460 | ||
| Cash and cash equivalents at the end of |
the reporting | period | 282,093 | 307,815 | |||
| RECONCILIATION OF NET INCOME |
TO NET CASH | FLOW | |||||
| FROM OPERATING ACTIVITIES | |||||||
| 2021 | 2020 | ||||||
| E | 6 | ||||||
| Net movement in funds for the reporting |
period (as per | the statement of | |||||
| financial activities) | 47,080 | (120,655) | |||||
| Adjustments for: |
|||||||
| Depreciation | 54,871 | 54,673 | |||||
| Losses/(gains) on investments |
(128,587) | 77,961 | |||||
| Dividends and interest from investments |
(17,184) | (18,698) | |||||
| (Increase)/decrease in debtors |
10,300 | 27,681 | |||||
| (Decrease)/increase in creditors |
12,358 | 14,025 | |||||
| Net cash provided by operating |
activities | ~21.762 | 35.207 | ||||
| ANALYSIS OF CASH AND CASH | EQUIVALENTS | ||||||
| 2021 | 2020 | ||||||
| E | 8 | ||||||
| Cash at bank and in hand | 274,239 | 278,216 | |||||
| Cash held in investments | 7,854 | 29,599 | |||||
| Total cash and cash equivalents | 282,093 | 307,815 |
| Freehold | property | 1%straight | line | on main property | |
|---|---|---|---|---|---|
| 4% straight | line | on new building | |||
| 10%straight | line on pathways | ||||
| Fixtures | and fittings | 10%straight | line | ||
| 4% straight | line | on new building | fixtures and fittings | ||
| 3years straight | line on office equipment |
| DONATIONS | AND LEGACIES | AND LEGACIES | AND LEGACIES | RECEIVED | ||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Donations | ||||||
| Donations from the Churches: |
||||||
| Baptist | - Rugby | 1,000 | 1,000 | |||
| United Reformed | Church | - Rugby | 200 | 570 | ||
| Society of Friends | 400 | 500 | ||||
| St Marks' Bilton | 200 | |||||
| Other donations: | ||||||
| Sir Edward Boughton |
Charity | 1,000 | ||||
| Bilton Poor | 200 | |||||
| Miscellaneous | 74 | 166 | ||||
| For garden shrubs | 200 | 330 | ||||
| Collections: | ||||||
| Friends of Bilton House | 3,024 | 370 | ||||
| From Relatives | 4,865 | |||||
| In Memoriam: | ||||||
| Mary Meek | 800 | |||||
| Mary Taylor | 10 | |||||
| Jean Makin | 785 | |||||
| Joyce Wilkinson | 2,349 | |||||
| Barbara Measey | 1,193 | |||||
| Tom Bowen | 1,000 | |||||
| Eric Horner | 4,000 | |||||
| Gift aid | 2,161 | |||||
| Joyce Talbot | 115 | |||||
| A Higgins | 114 | |||||
| Jim Carne | 1,370 | |||||
| D Morgan | 20 | |||||
| Rachel Wells | 6,642 | 140 | ||||
| Jean Maggs | 524 | |||||
| I Kilvert | 310 | |||||
| Betty Russell | 845 | |||||
| John Horner | 30 | |||||
| Regular donations | ||||||
| Society of Friends | 8,400 | 8,090 | ||||
| Single gifts and | donations | 394 | 216 | |||
| Gift aid tax reclaimed | 2,165 | 2,546 | ||||
| 39,862 | 18,456 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| 5 | E | ||||||
| Legacies | |||||||
| Alan Sayles | 300 | ||||||
| Marian Smith | 9,673 | ||||||
| Rosemary Anstey | 5,880 | ||||||
| Mary Taylor | 1,000 | ||||||
| Yvonne Souter | 15,000 | ||||||
| 31,553 | 300 | ||||||
| FEESPAYABLE TO AUDITORS | |||||||
| 2021 | 2020 | ||||||
| 5 | F | ||||||
| Relating to audit services | 3,624 | 3,528 | |||||
| Relating to non-audit services |
|||||||
| 3,624 | 3,528 | ||||||
| STAFF NUMBERS | AND COSTS | ||||||
| 2021 | 2020 | ||||||
| The average | number ofpersons employed | by the charity during the year was: | |||||
| Care and support workers | 43 | 43 | |||||
| Administrative | staff | 2 | 2 | ||||
| 45 | 45 | ||||||
| Employment | costs ofall employees | included above comprised: | |||||
| 5 | E | ||||||
| Gross wages | and salaries | 950,843 | 885,519 | ||||
| Employers national | insurance | 60,875 | 56,405 | ||||
| Employers pension |
scheme contributions | (see | below) | 17,668 | 16,337 | ||
| Agency costs | 41,442 | 37,535 | |||||
| 1,070,828 | 995,796 |
| INVESTNIENT INCOME | ||
|---|---|---|
| 2021f | 2020 5 |
|
| Bank interest receivable | 14 | 26 |
| Dividends receivable - UK |
10,232 | 11,346 |
| Dividends receivable - Overseas |
2,929 | 2,964 |
| Fixed interest and unit trust income - UK | 4,009 | 4,342 |
| 17,184 | 18,698 | |
| OTHER INCOME | ||
| 2021 | 2020 | |
| 8 | 5 | |
| Covid Infection Control Grant | 68,070 | |
| Covid Job Retention Scheme | 11,909 | |
| Covid Sick Pay Grant | 2,758 | |
| Covid Rapid Testing Fund | 1,919 | |
| Covid Workforce Capacity Fund | 4,226 | |
| Miscellaneous income |
8 | |
| 88,890 |
| COMPARATIVES FOR T | H | E ST | ATEM | EN | T OF FINANCI | AL ACTIVITIES | |||
|---|---|---|---|---|---|---|---|---|---|
| General | Care | Capital | 2020 | ||||||
| Fund | Fund | reserve | |||||||
| 6 | 8 | 6 | |||||||
| INCOMING RESOURCES | |||||||||
| Voluntary income |
|||||||||
| Donations | 4,136 | 14,320 | 18,456 | ||||||
| Legacies | 300 | 300 | |||||||
| Activities for generating | funds | ||||||||
| Garden party and coffee mornings | 3,612 | 3,612 | |||||||
| Investment income |
7,953 | 10,745 | 18,698 | ||||||
| Incoming resources from | Charitable | Activities | |||||||
| Residents fees | 1,278,491 | 1,278,491 | |||||||
| TOTAL INCOMING RESOURCES | 1,294,192 | 25,365 | 1,319,557 | ||||||
| RESOURCES EXPENDED | |||||||||
| Costs ofgenerating funds |
|||||||||
| Investment management charges |
1,765 | 2,388 | 4,153 | ||||||
| Charitable activities |
|||||||||
| Salaries and wages (Care) | 950,970 | 950,970 | |||||||
| Food | 84,955 | 84,955 | |||||||
| Household expenses |
38,832 | 38,832 | |||||||
| Light and heat | 41,520 | 41,520 | |||||||
| Rates and water | 7,944 | 7,944 | |||||||
| Residents amenities |
12,354 | 12,354 | |||||||
| Salaries and wages (Admin) | 44,826 | 44,826 | |||||||
| Insurances | 9,114 | 9,114 | |||||||
| Bank charges | 124 | 124 | |||||||
| Telephone, printing, postage |
and | advertising | 7,960 | 7,960 | |||||
| Repairs and renewals | 74,143 | 74,143 | |||||||
| Professional fees | 7,195 | 7,195 | |||||||
| Audit costs and publications | 3,528 | 3,528 | |||||||
| Generalexpenses | 10,640 | 10,640 | |||||||
| Staff training | 9,100 | 9,100 | |||||||
| Depreciation | 54,873 | 54,873 | |||||||
| 1,358,078 | 1,358,078 | ||||||||
| TOTAL RESOURCES EXPENDED | 1,359,843 | 2,388 | 1,362,231 | ||||||
| NET (OUTGOING)/INCOMING | RESOURCES | ||||||||
| BEFORETRANSFERS | (65,651) | 22,977 | (42,674) | ||||||
| Transfers between funds |
47,047 | (60,386) | 13,339 | 0 | |||||
| NET (OUTGOING)/INCOMING | RESOURCES | ||||||||
| FOR THE YEAR | (18,604) | (37,409) | 13,339 | (42,674) | |||||
| OTHER RECOGNISED GAINS AND LOSSES | |||||||||
| -Realised (losses)/gains on investment |
assets | 1,131 | 1,527 | 2,658 | |||||
| -Unrealised (losses)/gains |
on investment | assets | (34,309) | (46,330) | (80,639) | ||||
| NET MOVEMENT IN FUNDS |
(51,782) | (82,212) | 13,339 | (120,655) | |||||
| BALANCE BROUGHT FORWARD | 390,994 | 528,021 | 1,641,692 | 2,560,707 | |||||
| BALANCE CARRIED FORWARD | 339,212 | 445,809 | 1,655,031 | 2,440,052 |
| 7 TANGIBLE FIXEDA | SSETS | |||||||
|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures and | |||||||
| property | fittings | Total | ||||||
| 6 | 6 | 6 | ||||||
| COST | ||||||||
| At 1st April 2020 | 2,282,527 | 432,135 | 2,714,662 | |||||
| Additions | ||||||||
| At 31st March 2021 | 2,282,527 | 432,135 | 2,714,662 | |||||
| DEPRECIATION | ||||||||
| At 1st April 2020 | 746,400 | 313231 | 1,059,631 | |||||
| Charge for the year | 43,019 | 11,852 | 54,871 | |||||
| At 31st March 2021 | 789,419 | 325,083 | 1,114,502 | |||||
| NET BOOK VALUE | ||||||||
| At 31st March 2021 | 1,493,108 | 107,052 | 1,600,160 | |||||
| At 31st March 2020 | 1,536,127 | 118,904 | 1,655,031 | |||||
| Cost or valuation at |
31st March 2021 is represented | by: | ||||||
| At valuation on 31stDecember |
1990 | 750,000 | 175,000 | 925,000 | ||||
| At cost | 1,532,527 | 257,135 | 1,789,662 | |||||
| 2,282,527 | 432,135 | 2,714,662 | ||||||
| The cost ofthe original property | is not known. | |||||||
| The property has not |
been re-valued | since 1990,however, | the | Trustees are confident | that the current | value is | ||
| in excess ofthe net book value. | ||||||||
| INVESTMENTS | ||||||||
| 2021 | 2020 | |||||||
| 6 | 6 | |||||||
| Market value | ||||||||
| Opening market value |
511,043 | 578,686 | ||||||
| Additions Disposals at opening |
market value | 43,607 ~20,834 |
48,519 ~(35,523 |
|||||
| Unrealised (loss)/gain |
on investments | 533,816 122,558 |
591,682 ~80.039 |
|||||
| At 31st March 2021 | 661,374 | 511,043 | ||||||
| Cash held by Investment Managers |
7,854 | 29,599 | ||||||
| 669,228 | 540,642 | |||||||
| The historical cost ofthe investment | porffolio (excluding | cash) | at the year end was 6431,916(2020 -L'421,630). | |||||
| All the investments are held primarily |
to provide an investment | return for the charity. | ||||||
| 2021 | 2020 | |||||||
| Investments at market |
value comprised: | |||||||
| Equities shares - UK | 338,358 | 125,781 | ||||||
| Equities shares - Overseas | 81,407 | 61,089 | ||||||
| Investment trusts and |
unit trusts | - UK | 241,609 | 324,173 | ||||
| 661,374 | 511,043 |
| 2021f | 2020 E |
||||
|---|---|---|---|---|---|
| Rents due | 8,067 | 26,943 | |||
| Income tax recoverable | 5,619 | 2,546 | |||
| Other debtors | 1,475 | 1,022 | |||
| Prepayments | 13,819 | 8,769 | |||
| 28,980 | 39,280 | ||||
| CASH AT BANK | |||||
| 2021 | 2020 | ||||
| E | |||||
| Lloyds Bank Pic - | current | accounts | 273,910 | 277,724 | |
| Held by investment | managers | 7,854 | 29,599 | ||
| 281,764 | 307,323 | ||||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2021f | 2020 | ||||
| Trade creditors | 8,787 | 13,593 | |||
| Social security and other | taxes | 17,520 | 15,758 | ||
| Other creditors | 27,654 | 29,102 | |||
| Accrued expenses | 31,514 | 14,664 | |||
| 85,475 | 73,117 | ||||
| CAPITAL RESERVE | |||||
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Balance at 1st April 2020 Transfer (to)/from General |
Fund | 1,655,031 ~54871 |
, | 1,641,692 13,339 |
|
| Balance at 31st March 2021 | 1,600,160 | 1,655,031 |
| ANALYSIS OF NET ASSETS BETWE | EN FUNDS | |||
|---|---|---|---|---|
| General | Care | Capital | Total | |
| fund | fund | reserve | funds | |
| Tangible fixed assets | 1,600,160 | 1,600,160 | ||
| Investments | 258,353 | 403,021 | 661,374 | |
| Current assets Current liabilities |
173,601 ~85475, |
137,472 | 311,073 ~85475 |
|
| At 31st March 2021 | 346,479 | 540,493 | 1,600,160 | 2,487,132 |
| Tangible fixed assets | 1,655,031 | 1,655,031 | ||
| Investments | 220,825 | 290,218 | - | 511,043 |
| Current assets Current liabilities |
191,504 ~73.117 |
155,591 | 347,095 ~73.117 |
|
| At 31st March 2020 | 339,212 | 445,809 | 1,655,031 | 2,440,052 |