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2021-12-31-accounts

Page
Trustees and Advisers
Trustees'
Annual
Report
Independent
Auditor's		 Report to the Trustees
Statement of Financial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Accounts 12
Schedule
1 - Summary		 of investments 22

Trustees Co-optative:
Mr
I Brown		 Chair
Mrs J Bleasdale Vice-Chair
Mr M Anson
(appointed
20 October 2021)
Mr C D Carefoot
Mr P McDade
Mr J Fish
Mr M Richardson
Mrs W Evans
(resigned 4 August 2021)
ExOfficio:
Reverend SCooper Vicar of Goosnargh
Reverend S Haigh Vicar of Preston
Nominative:
Mr K Hudson Preston City Council
Mr GJ Davies Preston City Magistrate
Key Management Personnel:
General Manager Ms R Marrow
Deputy Manager Ms J Hesketh
Principal office Bushell House
Mill Lane
Goosnargh
Preston
PR3 2BJ
Charity number 221797
Auditors MHA Moore and Smalley
Richard House
9Winckley Square
Preston
PR1 3HP
Investment agents Close Asset Management Ltd
10Exchange Square
Primrose Street
London
EC2A 2BY

Restricted Funds
Other
Land and Restricted Unrestricted 2021 2020
Buildings Funds Funds Total Total
Note F F
Income from
Donations
and legacies		 2,937 2,93? 2,015
investments 42,053 42,053 32,571
Charitable
activities:
Residential
care fees		 931,388 931,388 871,409
Grant income 71,933 71,933 71,388
Total Income 71,933 976,378 1,048,311 977,383
Expenditure
on
Raising funds:
Investment
management		 fees 7,528 7,528 6,531
Charitable
activities:
Residential
care costs		 45,152 925,604 970,756 955,549
Total Expenditure 45,152 933,132 978,284 962,080
Net income/(expenditure) before 26,781 43,246 70,027 15,303
other gains and losses
Net gains
/ (losses) on investments		 101,266 'I01,266 (91,678)
Net income
/ (expenditure)		 for 26,781 144,512 171,293 (76,375)
the year
Transfers
between
funds		 (26,842) 26,842
Net movement
in funds		 (61) 171,354 171,293 (76,375)
Reconciliation
offunds:
Balances brought
forward		 865,450 185,414 1,057,846 2,108,710 2,185,085
Balances carried forward 865,450 185,353 1,229,200 2,280,003 2,108,710

Restricted Funds
Other
Land and Restricted Unrestricted 2021 2020
Buildings Funds Funds Total Total
Note F E Z
Fixed assets
Tangible assets 865,450 22,123 887,573 895,046
Investments 163,366 1,137,059 1,300,425 1,161,247
865,450 163,366 1,159,182 2,187,998 2,056,293
Current assets
Debtors 8,430 22,702 31 132 45,408
Cash at bank and in hand 13,557 87,006 100,563 76,351
21,987 109,708 131,695 121,759
Liabilities
Creditors
falling		 due within one 10 39,690 39,690 69,342
year
Net current assets 21,987 70,018 92,005 52,417
Net assets 865,450 185,353 1,229,200 2,280,003 2,108,710
Total funds ofthe charity 865,450 185,353 1,229,200 2,280,003 2,108,710

2020
Net income
/ (expenditure)
for the		 year 171,293 (76,375)
Adjustments
for:
Investment
income		 (42,053) (32,571)
(Gain) / Loss on investments (101,266) 91,678
Depreciation 11,440 12,051
Decrease /(Increase)
in debtors		 14,276 (11,517)
(Decrease)
/ Increase
in creditors		 (29,652) 30,521
Net cash provided
by operating		 activities 24,038 13,787
Cash flows from investing
activities:
Investment
income		 42,053 32,571
Purchase
oftangible
fixed assets		 (3,967) (19,242)
Purchase
of investments		 (331,740) (331,656)
Proceeds from sale of investments 311,374 326,389
Increase
in cash held as investments		 (17,546) (13,642)
Cash provided
by / (used in) investing		 activities (5,580)
Change
in cash and cash equivalents		 in the year 24,212 8,207
Cash and cash equivalents
at the		 beginning ofthe year 76,351 68,144
Cash and cash equivalents
at the end		 of the year 100,563 76,351

esidential
care costs
2021 2020
Wages and salaries
Other staff costs		 707,018
17,258		 666,192
15,589
Provision
and upkeep
Fuel and lighting		 60,958
36,414		 59,442
35,451
Repairs and maintenance
Rates and water		 79,392
8,913		 101,511
10,707
Insurance 20,391 19,600
Telephone 8,170 9,557
Printing,
stationery
and		 advertising 3,316 3,301
Human
resources consultancy		 3,415 6,149
Activity expenses
Quality assurance,
registration		 and regulatory 313
6,455		 416
8,713
Accountancy
and administrative		 assistance 1313 1,250
Legal and professional fees (10) 420
Preparation
of statutory		 accounts 2,900 2,900
Audit of statutory
accounts		 3,100 2,300
Depreciation
offixtures		 1'1,440 12,051
970,756 955,549

Wages and s a laries
2021 2020
Wages and salaries 635,953 597,672
Social security costs 38,238 35,930
Pension costs 32,827 32,590
707,018 666,192
There are no individual salaries in excess ofF60,000 per annum.
The average number ofemployees during the year was: 2021 2020
No
Care 41 39
Management and administration 3 3
44 42

2021 2020
Auditors' remuneration 6,000 5,200
6,000 5,200

7 Fixed assets
Freehold
Land and Fixtures and
Buildings Equipment
Cost
At 1 January 2021 865,450 140,854 1,006,304
Additions 3,967 3,967
Disposa Is (2,880) (2,880)
At 31 December 2021 865,450 141,941 1,007,391
Depreciation
At 1 January 2021 111,258 111,258
Charge for the year 11,440 11,440
Eliminated
on disposal		 (2,880) (2,880)
At 31December 2021 119,818 119,818
Net book value
At 31 December 2021 865,450 22,123 887,573
At 31 December 2020 865,450 29,596 895,046
8 Investments
Unrestricted Restricted Total
Market value at 1 January 2021 997,881 163,366 1,161,247
Additions
at cost		 331,740 331,740
Disposal proceeds (311,374) (311,374)
Net investment
gains/(losses)		 101,266 101,266
Movement
in cash held on deposit by investment		 agents 17,546 17,546
Market value at 31 December 2021 1,137,059 163,366 1,300„425

Historical Cost Total
F
Unrestricted
General
fund		 935,802
Restricted
Extraordinary
repairs fund (created by order dated		 163,366
18.4.50 —revised under scheme dated 15.5.77)
Total Investments (schedule 1) 1,099,168

ebtors
2021 2020
Fees receivable 214 3,402
Prepayments and accrued income 30,918 42,006
31 132 45,408

reditors
2021 2020
Trade creditors 21,558 33,160
Tax and social security 10,569
Accruals 18,132 25,613
39,690 69,342

11 Analysis offunds
At 1Jan Income Expenditure Investment Transfers At 31 Dec
2021
F		 f gains 2021
General reserve 957,545 976,260 (932,651) 101,266 6,842 1„109,262
Designated
funds:
Exceptional
repair fund		 40,000 40,000
Boiler fund 30,000 10,000 40,000
Roof fund 'I0,000 10,000 20,000
Residents'
amenities		 fund 20,301 118 (481) 19,938
Total unrestricted funds 1,057,846 976,378 (933,132) 101,266 26,842 1,229,200
Restricted funds
Land and buildings 865,450 865,450
Other restricted
funds:
Coronavirus
Job Retention		 7,282 (7,282)
Infection
Control
Fund		 8 15,006 60,261 (37,870) (26,842) 10,555
Lateral Flow Funding
Vaccination
Grant		 824 824
Workforce Capacity Grant 3,566 3,566
Extraordinary
repair		 fund 163,366 163,366
Pathway
fund		 7,042 7,042
Total restricted
funds		 1,050,864 71,933 (45,152) (26,842) 1,050,803
Total funds 2,108,7'IO 1,048,311 (978,284) 101,266 2,280,003

At 1Jan Income Expenditure Investment Transfers At 31Dec
2020 gains 2020
K
General reserve 1,068,258 905,788 (914,443) (91,678) (10,380) 957,545
Designated
funds:
Exceptional
repair		 fund 40,000 40,000
Boiler fund 20,000 10,000 30,000
Roof fund 10,000 10,000
Residents'
amenities		 fund 20,979 197 (875) 20,301
Total unrestricted funds 1,149,237 905,985 (915,318) (91,678) 9,620 1,057,846
Restricted funds
Land and buildings 865,450 865,450
Other restricted funds:
Coronavirus
Job		 Retention 15,601 (15,601)
Infection Control Funds 55,787 (31,161) (9,620) 15,006
Extraordinary
repair		 fund 163,356 10 163,366
Pathway
fund		 7,042 7,042
Total restricted
funds		 1,035,848 71,398 (46,762) (9,620) 1,050,864
Total funds 2,185,085 977,383 (962,080) (91,678) 2,108,710

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