## ## |||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||O
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