|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<br>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<br>Kingdom|||





## 

|||Page|
|---|---|---|
|Trustees'<br>report||1-5|
|Independent<br>auditor's|report|6-8|
|Statement offinancial|activities|9-10|
|Balance sheet|||
|Statement ofcash flows||12|
|Notes to the financial|statements|13-26|





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|Current financial year|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Restricted|Total|Total|
|||||funds|funds|funds|||
||||Notes|2021|2021|2021<br>E|2021f|2020<br>E|
|Income from:|||||||||
|Donations<br>and legacies|||3|82,830||2,000|84,830|11,185|
|Charitable<br>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<br>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<br>gains||and losses|||||||
|Other gains or losses|||11||114,015|11,699|125,714|(97,283)|
|Net movement<br>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<br>and legacies||||||8,185||3,000|11,185|
|Charitable<br>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<br>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<br>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<br>gains||and losses||||||||
|Other gains or losses|||||||(83,118)|(14,165)|(97,283)|
|Net movement<br>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<br>from operations||25||36,177||7,208|
|Investing<br>activities|||||||
|Purchase oftangible<br>fixed assets|||(18,349)||(19,881)||
|Purchase of investments|||(24,803)||(69,235)||
|Proceeds on disposal of investments|||||14,281||
|Investment<br>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)<br>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|





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|||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<br>f|2021<br>f|2021<br>f|2020<br>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<br>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<br>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<br>remuneration|||4,080|4,080||4,080|4,080|
||||228,341|4,080|232,421|237,398|4,080|241,478|
||Analysed<br>between||||||||
||Charitable<br>activities||228,341|4,080|232,421|237,398|4,080|241,478|



## 

|The analysis ofauditor's<br>remuneration|The analysis ofauditor's<br>remuneration|isas follows:|||
|---|---|---|---|---|
|Fees payable to the auditor's|and|associates:|2021|2020|
|Audit ofthe annual<br>accounts|||4,080|4,080|
|Non-audit<br>services|||||
|All other non-audit<br>services|||2,910|3,129|



## 



## 

## 

|The average<br>|monthly<br>number ofemployees<br>(excludin|g<br>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<br>&||
||||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<br>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<br>over 5%|ofthe porffolio value|||||
|M8G Securities<br>Limited|Charifund||Income Units||98,946|
|Dunedin<br>Income Growth|Inv Trust||pic|Ord 25p|55,031|
|Merchants<br>Trust pic Ord|25p||||50,840|
|Murray<br>Income Trust pic|Ord 25p||||55,510|
|International<br>Public Partnership||Ord shares|||54,419|
||||||314,746|
|Investments<br>less than|5%ofthe||portfolio value|||
|AXA Framington|||||14,537|
|City Merchants<br>High Yield Trust|||||29,665|
|Invesco Fund Managers|Ltd Corporate|||Bond|14,261|
|Twentyfour<br>Sel Monthly|Income|Fund|||12,064|
|Downing<br>Ren 8 Infra Trust|||||14,460|
|HICL Infrastructure|||||33,000|
|Renewables<br>Infrastructure|||||20,822|
|Sequaio Economic Infra|Income|Fund|||3,349|
|City of London<br>Investment<br>Trust|||||20,873|
|Edinburgh<br>Investment<br>Trust|||||16,173|
|Avi Global|||||18,900|
|BNY Mellon|||||18,578|
|Brunner<br>Investment<br>Trust|||||36,000|
|F8 C Investment<br>Trust|||||16,020|
|Henderson<br>Intl Trust|||||28,620|
|J P Morgan Global Growth<br>8 Income|||||30,675|
|Threadneedle<br>Global|||||27,800|
|Troy Trojan|||||13,745|
|Aberdeen<br>Div Inc 8 Growth Trust|||||7,852|
|Roy Ldn Cis Sust Divers|Trust||||18,460|
|Schroders Real Estate|||||9,564|
|BMO Commerical<br>Property<br>Trust|||||8,544|
|Tritax Eurobox|||||10,050|
||||||424,012|
|Total market value of investments|||||738,758|





## 

## 

|14|Stocks||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||||E|
||Provisions<br>and consumables||||2,989|4,538|
|15|Debtors||||||
||||||2021|2020|
||Amounts<br>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<br>from Grants||||38,665||



## 



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## 

## 

||||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|---|
|||Balance at|Incoming|Revaluations,|Balance at|Incoming|Revaluations,|Balance at|
||1|April 2019|resources|gains and<br>losses|1 April 2020|resources|gains and 31 March 2021<br>losses||
|||||||f|||
|Cyclical|||||||||
|maintenance|||||||||
|fund||591,413|26,374|(83,118)|534,669|26,514|114,015|675,198|





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## 

## 

|under non-cancellable<br>operating<br>leases, which fall due a|<br>s follows:||
|---|---|---|
||2021<br>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<br>from|operations||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||F|
||Surplus/(deficit)<br>for the|year||||2,498|(5,504)|
||Adjustments<br>for:|||||||
||Investment<br>income recognised<br>in statement|||offinancial|activities|(28,965)|(29,547)|
||Depreciation<br>and impairment<br>oftangible||fixed assets|||41,819|40,108|
||Movements<br>in working|capital:||||||
||Decrease<br>in stocks|||||1,549|45|
||(Increase)/decrease<br>in|debtors||||(11,082)|1,544|
||(Decrease)/increase<br>in|creditors||||(8,307)|562|
||Increase<br>in deferred<br>income|||||38,665||
||Cash generated<br>from|operations||||36,177|7,208|
|26|Analysis ofchanges|in net funds||||||
||The charity had no debt during the year.|||||||