|||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||||
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|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|
##
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##
|||||||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||
##
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##
|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|
##
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##
||||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|
##
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|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|
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