2020-12-31-accounts - Elm Trees Retirement Living Limited

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	Page
Report ofthe Executive Committee	1 to 4
Report ofthe Independent Auditors	5 to 7
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements	10to 18

						Endowment	Endowment	Endowment	2020	2019
				Unrestricted	Funds		Funds		Total	Total
			Notes	General F	Designated		Restricted F		Funds 8	Fundsf
Income
Donations and legacies				20,208					20,208	99
Income from charitable activities
Residents
Accommodation				402,321					402,321	418,897
investment income				27					27	22
Other income				7,740					7,740	49
Total income				430 296					430,296	19,067
Expenditure Charitable activities				516,415					516,415	~480,998
Total expenditure				516,415					516,415	(480,998)
Net (expenditure)	before	other		(86,119)					(86,119)	(61,931)
recognised gains
Gain on sale ofproperty				1,000					1,000
Transfer between	funds			394,948	~394,9487
Net Incomel (Expenditure)				309,829	(394,948)				(85,119)	(61,931)
Reconciliation of	funds
Total funds brought	forward			E991,755	E1,496,286		51 009,697		93497738	8,3,55,9,669
Total funds carried forward				E1301584	E1,101	338	E1009	697	53412619	73497738
The financial statements		were	approved	by the Executive	Committee	on ......(...7....I....'............'. Q				and
were signed on its behalf		by:

			AT 31 DECEMBER 202	0
			Notes	2020f	2019f
Fixed Assets
Tangible assets				4,856,860	5,245,873
				4,856 860	5 245,873
Current Assets
Stocks				753	591
Debtors: amounts		falling due within one	year12	7,722	10,171
Cash at bank	and	in hand		57488	133230
				65,963	143,992
CREDITORS
Amounts falling due within one year			13	137,982	288780
NET CURRENT (LIABILITIES)/ASSETS				72019	144,788
TOTAL ASSETSLESSCURRENT LIABILITIES				4,7114,841	5,101 085
CREDITORS
Amounts falling due after more than one			14	(1,372,222)	(1,603,347)
year
Net Assets				3412,619	3,497,738
Funds			18
Unrestricted	funds			2,402,922	2,488,041
Endowment	funds			1,009,697	1,009 697
Total Funds				3,412,619	3,497738

3.	Donations and oth	e	r in	come
							2020	2019
							6	f
	Donations						20,208	99
							20,208	99
4.	Investment Income
							2020	2019
							F
	Deposit account interest						27	22
5.	Income from Charitable			Activities
							2020 f	2019 F
	Resident charges						402,321	418897
6.	Analysis of Expenditure			on Charitable		Activities
							2020 F	2019 f
	Staff costs						218,767	200,601
	Rates						11,190	8,253
	Insurance						11,290	9,828
	Light, heat and water						38,206	38,210
	Telephone						6,904	5,739
	Postage, stationery	and advertising					18,804	18,883
	Sundries						1,046	2,526
	Training costs						517	68
	Food and household		expenses				37,587	38,495
	Office accountant						7,474	6,536
	Executive Committee		mileage				1,709	2,191
	Repairs						62,325	59,058
	Motor expenses (lease, insurance				K tax)		4,828	4,632
	Computer expenses						3,515	3,306
	Professional fees						8,775	16,195
	Depreciation and loss on			disposal	ofassets		26,383	8,443
	Support and governance			costs (see note		7)	5,322	12,735
	Myfanwy security costs						5,208
	Name change costs							6,005
	Loan Interest						46,565	39,294
							516,415	480,998

ANGIBLE FIXEDASSETS
	Property	Freehold	Fixtures	Totals
	under	property	and
	development		fittings
	6		6
COSTNALUATION
At 1 January 2020	2,364,554	3,125,000	163,748	5,653,302
Additions	184,866		2,504	187,370
Disposals		(550,000)	(40,154)	(590,154)
Transfer	2,549,420	2 549,428
		5,124,420	126,098	5,250,518
At 31 December 2020
Grants received		(293,167)	(2,370)	(295,537)
		4,831,253	123,728	4,954,981
DEPRECIATION
At 1 January 2020			111,892	111,892
Charge for the year Eliminated on disposal			7,976 ~21,747	7,976 ~21 747
At 31 December 2020			98,121	98 121
NET BOOK VALUE
At 31 December 2020		4,831253	25,607	4,856,860
At 31 December 2019	2 364,554	2,831 833	49,486	5,245, 873

DEBTORS: A	MOUNTS FALLING DUE WITHIN ONE	YEAR
		2020	2019
		F	F
Prepayments	and other debtors	6,876	10,171
Trade Debtors		846
		7,722	10,171

	F	F	OR THE YEAR ENDED 31 DECEMBER 2020	OR THE YEAR ENDED 31 DECEMBER 2020
13.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2020	2019
					f
	Social security and other		taxes		5,775	5,265
	Trade creditors				66,734	234,174
	Accrued	Expenses			12,695	7,675
	Bank Loans				52,778	41,666
					137,982	288,780
14.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE
	YEAR
					2020 f	2019 F
	Bank loans (see note 13)				1,372,222	1,603,347
15.	LOANS
	An analysis ofthe maturity		of loans is given below:
					2020 f	2019 f
	Amounts	falling due within	one year or on demand:
	Bank loan				52,778	41,666
	Amounts	falling due between		one and two years:
	Bank loan	- 1-2years			79,167	~186680
	Amounts	falling due between		two and five years:
	Bank loan	—2-5 years			237,500	250,000
	Amounts	falling due in more than five years:
	Repayable by instalments Bank loan more than 5 years			by instalments	1,055,555	1,166,667
					1 425 QQQ	1,545513

inimum lease payments under non-cancellable oper	ating leases fall due as follows:
	2020	2019
	6	F
Within one year	1,886	2,830
Between one and five years		1,886
	1 886	4,716

		Unrestricted	Endowment	2020 Total	2019Total
		Funds	funds	Funds	Funds
		6	6	6	F
Fixed assets		3,846,893	1,009,697	4,856,860	5,245,873
Current	assets	65,963		65,963	143,992
Current	liabilities	(137,982)		(137,982)	(288,780)
Long term liabilities		(1,372,222)		(1,425,000)	(1,603,347)
		2,402,922	1,009,697	3,412,619	3,497,738