| Trustees | Mr A Shrimpton | |||
|---|---|---|---|---|
| MrJ Surtees | ||||
| Mr D Hall | ||||
| Mr M Reynolds | ||||
| Mrs L I Fuller | ||||
| Mr R LJ Lawson | ||||
| Mrs R Hay | ||||
| Charity number | 222915 | |||
| Company | number | 00551609 | ||
| Registered | office | Bryony Road | ||
| Selly Oak | ||||
| Birmingham | ||||
| West Midlands | ||||
| 8294BX | ||||
| Auditor | Ormerod Rutter |
Limited | ||
| The Oakley | ||||
| Kidderminster | Road | |||
| Droitwich | ||||
| Worcestershire | ||||
| WR9 9AY | ||||
| Bankers | Lloyds Bank Pic | |||
| 142 Edgbastion | Park Road | |||
| Edgbaston | ||||
| Birmingham | ||||
| West Midlands | ||||
| B152TY | ||||
| Investment | advisors | EFG Harris Allday | ||
| 33Great Charles | Street | |||
| Birmingham | ||||
| B33JN | ||||
| United Kingdom |
| Page | ||
|---|---|---|
| Trustees' report |
1-5 | |
| Independent auditor's |
report | 6-8 |
| Statement offinancial | activities | 9-10 |
| Balance sheet | ||
| Statement ofcash flows | 12 | |
| Notes to the financial | statements | 13-26 |
| Current financial year | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | Total | ||||
| funds | funds | funds | ||||||
| Notes | 2021 | 2021 | 2021 E |
2021f | 2020 E |
|||
| Income from: | ||||||||
| Donations and legacies |
3 | 82,830 | 2,000 | 84,830 | 11,185 | |||
| Charitable activities |
4 | 1,041,960 | 1,041,960 | 984,300 | ||||
| Investments | 5 | 26,514 | 2,451 | 28,965 | 29,547 | |||
| Total income | 1,124,790 | 26,514 | 4,451 | 1,155,755 | 1,025,032 | |||
| Ex enditure on: | ||||||||
| Raising funds | 216 | |||||||
| Analysis ofexpenditure | on | charitable | ||||||
| activities | 6 | 1,104,133 | 49,124 | 1,153,257 | 1,030,320 | |||
| Total resources expended | 1,104,133 | 49,124 | 1,153,257 | 1,030,536 | ||||
| Net incoming/(outgoing) | resources | |||||||
| before transfers | 20,657 | 26,514 | (44,673) | 2,498 | (5,504) | |||
| Gross transfers between |
funds | (48,271) | 48,271 | |||||
| Net (expenditure)/income | for the year/ | |||||||
| Net (outgoing)/incoming | resources | (27,614) | 26,514 | 3,598 | 2,498 | (5,504) | ||
| Other recognised gains |
and losses | |||||||
| Other gains or losses | 11 | 114,015 | 11,699 | 125,714 | (97,283) | |||
| Net movement in funds |
(27,614) | 140,529 | 15,297 | 128,212 | (102,787) | |||
| Fund balances at 1 April | 2020 | 1,081,185 | 534,669 | 128,772 | 1,744,626 | 1,847,413 | ||
| Fund balances at 31 March 2021 | 1,053,571 | 675,198 | 144,069 | 1,872,838 | 1,744,626 |
| Prior financial year | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | ||||||
| funds | funds | funds | |||||||
| 2020 | 2020 | 2020 | 2020 | ||||||
| Notes | f | ||||||||
| Income from: | |||||||||
| Donations and legacies |
8,185 | 3,000 | 11,185 | ||||||
| Charitable activities |
984,300 | 984,300 | |||||||
| Investments | 26,374 | 3,173 | 29,547 | ||||||
| Total income | 992,485 | 26,374 | 6,173 | 1,025,032 | |||||
| Ex enditure on: | |||||||||
| Raising funds | 216 | 216 | |||||||
| Analysis ofexpenditure |
on | charitable | activities | 6 | 1,003,719 | 26,601 | 1,030,320 | ||
| Total resources expended | 1,003,935 | 26,601 | 1,030,536 | ||||||
| Net incoming/(outgoing) | resources | before | |||||||
| transfers | (11,450) | 26,374 | (20,428) | (5,504) | |||||
| Gross transfers between |
funds | (23,564) | 23,564 | ||||||
| Net (expenditure)/income | for the year/ | ||||||||
| Net (outgoing)/incoming | resources | (35,014) | 26,374 | 3,136 | (5,504) | ||||
| Other recognised gains |
and losses | ||||||||
| Other gains or losses | (83,118) | (14,165) | (97,283) | ||||||
| Net movement in funds |
(35,014) | (56,744) | (11,029) | (102,787) | |||||
| Fund balances at 1 April | 2019 | 1,116,199 | 591,413 | 139,801 | 1,847,413 | ||||
| Fund balances at 31 March 2020 | 1,081,185 | 534,669 | 128,772 | 1,744,626 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | f. | E | ||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
25 | 36,177 | 7,208 | |||
| Investing activities |
||||||
| Purchase oftangible fixed assets |
(18,349) | (19,881) | ||||
| Purchase of investments | (24,803) | (69,235) | ||||
| Proceeds on disposal of investments | 14,281 | |||||
| Investment income received |
28,967 | 29,547 | ||||
| Net cash used in investing | activities | (14,185) | (45,288) | |||
| Net cash used in financing | activities | |||||
| Net increasel(decrease) in |
cash and | cash | ||||
| equivalents | 21,992 | (38,080) | ||||
| Cash and cash equivalents | at beginning | ofyear | 37,206 | 75,286 | ||
| Cash and cash equivalents | at end of | year | 59,198 | 37,206 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021f | 2021f | 2021f | 2020f | 2020f | 2020f | ||
| Donations | and gifts | 10,637 | 2,000 | 12,637 | 8,185 | 3,000 | 11,185 |
| Grants | 72,193 | 72,193 | |||||
| 82,830 | 2,000 | 84,830 | 8,185 | 3,000 | 11,185 | ||
| Grants receivable for | |||||||
| core activities | |||||||
| Infection | control grant | 50,449 | 50,449 | ||||
| Statutory | Sick Pay | ||||||
| reimbursement | 3,725 | 3,725 | |||||
| PPE reimbursement | 18,019 | 18,019 | |||||
| 72,193 | 72,193 |
| 2021 | 2020 | ||
|---|---|---|---|
| f | 'f | ||
| Fee | income | 1,041,960 | 984,300 |
| Designated | Restricted | Total | Designated | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 f |
2021 f |
2021 f |
2020 f |
2020f | 2020f | ||
| Listed investments | |||||||
| (inciuding | common | ||||||
| investment | funds) | 26,514 | 2,451 | 28,965 | 26,374 | 3,173 | 29,547 |
| 2021f | 2020f | |||
|---|---|---|---|---|
| Residential costs | ||||
| Staff related costs | 774,675 | 707,392 | ||
| Provisions | 50,219 | 47,506 | ||
| Household | requisites | and utensils | 33,941 | 27,745 |
| Activities | 13,730 | 6,199 | ||
| Residents' | subsidy | 48,271 | ||
| 920,836 | 788,842 | |||
| Share of support costs (see note 7) | 228,341 | 237,398 | ||
| Share ofgovernance | costs (see note 7) | 4,080 | 4,080 | |
| 1,153,257 | 1,030,320 | |||
| Analysis | by fund | |||
| Unrestricted funds |
1,104,133 | 1,003,719 | ||
| Restricted | funds | 49,124 | 26,601 | |
| 1,153,257 | 1,030,320 |
| 7 | Support costs | Support costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | |||
| costs | costs | costs | costs | |||||
| E | E | |||||||
| Staff related | costs | 52,519 | 52,519 | 40,049 | 40,049 | |||
| Depreciation | 41,819 | 41,819 | 40,108 | 40,108 | ||||
| Lighting and |
heating | 36,153 | 36,153 | 30,889 | 30,889 | |||
| Rent, rates and | ||||||||
| insurance | 22,138 | 22,138 | 21,948 | 21,948 | ||||
| Repairs | 34,597 | 34,597 | 35,260 | 35,260 | ||||
| Gardening | 904 | 904 | 4,060 | 4,060 | ||||
| Registration | fee | 5,023 | 5,023 | 5,178 | 5,178 | |||
| Professional | fees | 6,950 | 6,950 | 11,421 | 11,421 | |||
| Telephone | 2,256 | 2,256 | 1,840 | 1,840 | ||||
| Office and sundry | ||||||||
| expenses | 25,771 | 25,771 | 22,805 | 22,805 | ||||
| Bank charges | 211 | 211 | 276 | 276 | ||||
| Bursary fund | 23,564 | 23,564 | ||||||
| Auditor's remuneration |
4,080 | 4,080 | 4,080 | 4,080 | ||||
| 228,341 | 4,080 | 232,421 | 237,398 | 4,080 | 241,478 | |||
| Analysed between |
||||||||
| Charitable activities |
228,341 | 4,080 | 232,421 | 237,398 | 4,080 | 241,478 |
| The analysis ofauditor's remuneration |
The analysis ofauditor's remuneration |
isas follows: | ||
|---|---|---|---|---|
| Fees payable to the auditor's | and | associates: | 2021 | 2020 |
| Audit ofthe annual accounts |
4,080 | 4,080 | ||
| Non-audit services |
||||
| All other non-audit services |
2,910 | 3,129 |
| The average |
monthly number ofemployees (excludin |
g directors) during the year was |
|
|---|---|---|---|
| 2021 | 2020 | ||
| Number | Number | ||
| Administration | 3 | 2 | |
| Care | 23 | 24 | |
| General and domestic | 16 | 15 | |
| 42 | 41 | ||
| Employment | costs | 2021 | 2020 |
| E | |||
| Wages and salaries | 772,785 | 696,318 | |
| Social security | costs | 40,614 | 38,002 |
| Other pension | costs | 13,795 | 13,121 |
| 827,194 | 747,441 |
| Other gai | ns orlosses | ||||||
|---|---|---|---|---|---|---|---|
| Designated | Restricted | Total | Designated | Restricted | Total | ||
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| E | F | F | f | ||||
| Realised | and unrealised | ||||||
| investment | (losses)/ | ||||||
| gains | 114,015 | 11,699 | 125,714 | (83,118) | (14,165) | (97,283) |
| Tangible fix | ed asset | s | |||
|---|---|---|---|---|---|
| Improvements | Furniture, | Total | |||
| to long | furnishings & |
||||
| leasehold | equipment | ||||
| premisesf | |||||
| Cost | |||||
| At 1 April 2020 | 1,661,491 | 212,094 | 1,873,585 | ||
| Additions | 18,349 | 18,349 | |||
| At 31 March | 2021 | 1,661,491 | 230,443 | 1,891,934 | |
| Depreciation | and impairment | ||||
| At 1 April 2020 | 547,130 | 192,008 | 739,138 | ||
| Depreciation | charged | in the year | 33,977 | 7,842 | 41,819 |
| At 31 March | 2021 | 581,107 | 199,850 | 780,957 | |
| Carrying amount |
|||||
| At 31 March | 2021 | 1,080,384 | 30,593 | 1,110,977 | |
| At 31 March | 2020 | 1,114,361 | 20,086 | 1,134,447 |
| Listed | Common | Total | ||
|---|---|---|---|---|
| investments | investment | |||
| funds | ||||
| f | ||||
| Cost or | valuation | |||
| At 1 April | 2020 | 510,807 | 77,434 | 588,241 |
| Additions | 24,803 | 24,803 | ||
| Valuation | changes | 114,015 | 11,699 | 125,714 |
| At 31 March 2021 | 649,625 | 89,133 | 738,758 | |
| Carrying | amount | |||
| At 31 March 2021 | 649,625 | 89,133 | 738,758 | |
| At 31 March 2020 | 510,807 | 77,434 | 588,241 |
| Fixed asset investments | Fixed asset investments | (Continued) | |||
|---|---|---|---|---|---|
| Analysis ofinvestment | porffolio | 2021f | |||
| Representing over 5% |
ofthe porffolio value | ||||
| M8G Securities Limited |
Charifund | Income Units | 98,946 | ||
| Dunedin Income Growth |
Inv Trust | pic | Ord 25p | 55,031 | |
| Merchants Trust pic Ord |
25p | 50,840 | |||
| Murray Income Trust pic |
Ord 25p | 55,510 | |||
| International Public Partnership |
Ord shares | 54,419 | |||
| 314,746 | |||||
| Investments less than |
5%ofthe | portfolio value | |||
| AXA Framington | 14,537 | ||||
| City Merchants High Yield Trust |
29,665 | ||||
| Invesco Fund Managers | Ltd Corporate | Bond | 14,261 | ||
| Twentyfour Sel Monthly |
Income | Fund | 12,064 | ||
| Downing Ren 8 Infra Trust |
14,460 | ||||
| HICL Infrastructure | 33,000 | ||||
| Renewables Infrastructure |
20,822 | ||||
| Sequaio Economic Infra | Income | Fund | 3,349 | ||
| City of London Investment Trust |
20,873 | ||||
| Edinburgh Investment Trust |
16,173 | ||||
| Avi Global | 18,900 | ||||
| BNY Mellon | 18,578 | ||||
| Brunner Investment Trust |
36,000 | ||||
| F8 C Investment Trust |
16,020 | ||||
| Henderson Intl Trust |
28,620 | ||||
| J P Morgan Global Growth 8 Income |
30,675 | ||||
| Threadneedle Global |
27,800 | ||||
| Troy Trojan | 13,745 | ||||
| Aberdeen Div Inc 8 Growth Trust |
7,852 | ||||
| Roy Ldn Cis Sust Divers | Trust | 18,460 | |||
| Schroders Real Estate | 9,564 | ||||
| BMO Commerical Property Trust |
8,544 | ||||
| Tritax Eurobox | 10,050 | ||||
| 424,012 | |||||
| Total market value of investments | 738,758 |
| 14 | Stocks | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | ||||||
| Provisions and consumables |
2,989 | 4,538 | ||||
| 15 | Debtors | |||||
| 2021 | 2020 | |||||
| Amounts falling due |
within one year: | E | ||||
| Trade debtors | 16,903 | 9,561 | ||||
| Prepayments | and accrued income | 22,110 | 18,370 | |||
| 39,013 | 27,931 | |||||
| 16 | Creditors: amounts | falling due within one year | ||||
| Notes | 2021f | 2020 | ||||
| Other taxation | and social security | 9,735 | 8,504 | |||
| Deferred income | 17 | 38,665 | ||||
| Trade creditors | 22,141 | 26,524 | ||||
| Other creditors | 3,474 | 8,629 | ||||
| Accruals and deferred | income | 4,080 | 4,080 | |||
| 78,095 | 47,737 | |||||
| 17 | Deferred income | |||||
| 2021 | 2020 | |||||
| E | E | |||||
| Arising from Grants |
38,665 |
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|---|---|---|---|---|---|---|---|---|
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| 1 | April 2019 | resources | gains and losses |
1 April 2020 | resources | gains and 31 March 2021 losses |
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| f | ||||||||
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| maintenance | ||||||||
| fund | 591,413 | 26,374 | (83,118) | 534,669 | 26,514 | 114,015 | 675,198 |
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| under non-cancellable operating leases, which fall due a |
s follows: |
|
|---|---|---|
| 2021 f |
2020f | |
| Within one year | 2,660 | 2,660 |
| Between two and five years | 6,913 | 9,428 |
| In over five years | 3,770 | 3,915 |
| 13,343 | 16,003 |
| 25 | Cash generated from |
operations | 2021 | 2020 | |||
|---|---|---|---|---|---|---|---|
| F | |||||||
| Surplus/(deficit) for the |
year | 2,498 | (5,504) | ||||
| Adjustments for: |
|||||||
| Investment income recognised in statement |
offinancial | activities | (28,965) | (29,547) | |||
| Depreciation and impairment oftangible |
fixed assets | 41,819 | 40,108 | ||||
| Movements in working |
capital: | ||||||
| Decrease in stocks |
1,549 | 45 | |||||
| (Increase)/decrease in |
debtors | (11,082) | 1,544 | ||||
| (Decrease)/increase in |
creditors | (8,307) | 562 | ||||
| Increase in deferred income |
38,665 | ||||||
| Cash generated from |
operations | 36,177 | 7,208 | ||||
| 26 | Analysis ofchanges | in net funds | |||||
| The charity had no debt during the year. |