2021-03-31-accounts - The Royal Cambridge Home

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Reference and Administrative Details ofthe Charity, its Trustees and Advisers
Trustees' Report	2-6
Trustees' Responsibilities Statement
Independent Auditors' Report on the Financial Statements	8-11
Consolidated Statement ofFinancial Activities	12
Consolidated Balance Sheet	13
Charity Balance Sheet	14
Consolidated Statement ofCash Flows	15
Notes to the Financial Statements	16-33

		Capital	Restncted	Unrestricted	Total	Total
		funds	funds	funds	funds	funds
		2021	2021	2021	2021	2020
	Note			E
Income and
endowments from:
Donations and legacies			300	1,485	1,785	507
Charitable activities				1,198,684	1,198,684	1,153,900
Other trading activities Investments				1,390	1,390	942 6,151
Other income				1,050	1,050	1,555
Total income and endowments			300	1,202,609	1,202,909	1,163,055
Expenditure on: Raising funds Charitable activities		297	7,586	1,099,832	297 1,107,418	1,243 1,279,608
Total expenditure		297	7,586	1,099,832	1,107,715	1,280,851
Net
(expenditure)/income
before net gains on investments		(297)	(7,286)	102,777	95,194	(117,796)
Net gains on investments		3,120			3,120	14,417
Net movement in		2,823	(7,286)	102,777	98,314	(103,379)
funds
Reconciliation of
funds:
Total funds brought, forward		46,975	64,630	393,349	504,955	608,334
Net movement in funds		2,823	(7,286)	102,777	98,314	(103,379)
Total funds carried		49,798	57,344	496,126	603,268	504,955
forward

					CONSOUDATED	CONSOUDATED	BALANCE SHEET	BALANCE SHEET
						AS AT 31 INARCH 2021
								2021		2020
						Note		F
Fixed assets
Tangible assets						12		371,767		366,330
Investments						13		49,800		46,977
								421,567		413,307
Current assets
Stocks						14	2,806		2,770
Debtors						15	139,291		140,978
Cash at bank and		in	hand				403,417		58,594
							545,514		202,342
Creditors: amounts year			falling	due within	one	16	(205,480)		(110,695)
Net current assets								340,034		91,647
Total assets less		current		liabilities				761,601		504,954
Creditors: amounts than one year			falling	due after	more	17		(158,333)
Total net assets								603,268		504,954
Charity funds
Capital funds						19		49,798		46,975
Restricted funds:
Restricted funds						19	57,344		64,630
Total restricted	funds							57,344		64,630
Unrestricted funds
General funds						19	496,126		393,349
Total unrestricted		funds				19		496,126		393,349
Total funds								603,268		504,954
The financial statements				were approved		and authorised	for issue by the	rustees a	signed on their	behalf by:
INr R H Dowler	IIBE						Nlr A D	tt FCCA

		CHARITY	STATEIIENT	OF FINANCIAL	POSITION
			AS AT 31	INARCH 2021
					2021		2020
			Note		F
Fixed assets
Tangible assets			12		95,389		96,952
Investments					2		2
					95,391		96,954
Current assets
Cash at bank and in hand				190,013
				190,013
Amounts owed	to group companies		16	(227,671)		(37,673)
Net current liabilities					(37,658)		(37,673)
Total assets less current liabilities					57,733		59,281
Total net assets					57,733		59,281
Charity funds
Restricted funds:
Restricted funds			19	45,333		46,897
Total restricted	funds		19		45,333		46,897
Unrestricted funds			19		12,400		12,384
Total funds					57,733		59,281
The financial statements		were approved	and authorised	for issue by t eTruste and		signed on their	behalf by:
Ilr R Dowler	INBE			Ilr A	Bott FCCA

FOR TH	E YEAR ENDED 31 MARCH 2021
		2021	2020
		F
Cash flows from operating activities
Net cash used in operating activities		190,156	(185,894)
Cash flows from investing activities
Dividends, interests and rents from investments		1,386	6,151
Purchase oftangible fixed assets		(36,719)	(63,131)
Proceeds from sale of investments			220,000
Net cash (used in)/provided by investing	activities	(35,333)	163,020
Cash flows from financing activities
Cash inflows from new borrowing		190,000
Net cash provided by financing activities		190,000
Change in cash and cash equivalents in	the year	344,823	(22,874)
Cash and cash equivalents at the beginning	ofthe year	58,594	81,468
Cash and cash equivalents at the end of	the year	403,417	58,594
The notes on pages 16to 33form part ofthese financial statements

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
		P
Donations	300	1,485	1,785	507

				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
				F	E
Residential	care fees			1,112,312	1,112,312	1,153,900
Government	grants	relating	to Covid-19 support	86,372	86,372
Total 2021				1,198,684	1,198,684	1,153,900
Total 2020				1,153,900	1,153,900

		Restricted	Total	Total
		funds	funds	funds
		2021	2021	2020
			E
Raffle	8 Events			942
Total	2020	942	942

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
Dividend	income	1,374	1,374	6,151
Bank interest receivable		16	16
		1,390	1,390	6,151

Unrestricted	Total	Total
funcls	funds	funds
2021	2021	2020
	F
1,050	1,050	1,555

			Endowment	Total	Total
			funds	funds	funds
			2021	2021	2020
				F	F
Portfolio	management	costs	297	297	1,243

			Activities
			undertaken	Support	Total	Total
			directly	costs	funds	funcls
			2021	2021	2021	2020
			E		F
Care	home	activities	901,138	206,280	1,107,418	1,279,608
Total	2020		1,047,374	232,234	1,279,608

			Total	Total
		Activities	funds	funds
		2021	2021	2020
		E
Staff costs		549,671	549,671	608,893
Depreciation		30,301	30,301	29,014
Agency staff		58,509	58,509	103,463
Messing		57,817	57,817	69,491
Water rates		11,346	11,346	12,458
Repairs &garden	maintenance	60,949	60,949	91,700
Light &heat		35,644	35,644	35,470
Insurance		15,490	15,490	15,905
Cleaning &waste	removal	28,624	28,624	23,535
CQC registration	fees	5,511	5,511	6,006
Advertising		1,346	1,346	5,873
Hire ofequipment		12,511	12,511	17,052
Staff recruitment		2,258	2,258	1,637
Staff training		9,588	9,588	11,165
Care of residents		17,942	17,942	10,485
Residents' entertaining		2,651	2,651	3,574
Loss/(profit) on disposal offixed assets		980	980	1,653
		901,138	901,138	1,047,374
Total 2020		1,047,374	1,047,374

				Total	Total
			Activities	funds	funds
			2021	2021	2020
			F	E
Staff costs			160,581	160,581	158,416
Motor &travel			254	254	3,153
Staff entertainment					1,781
Printing, postage 8	stationery		3,937	3,937	7,921
Telephone			1,518	1,518	3,099
General expenses			8,325	8,325	8,691
Bank charges			1,058	1,058	1,232
Legal 8 professional	fees		9,539	9,539	21,995
Computer and website expenses			9,368	9,368	9,446
Governance costs			11,700	11,700	16,500
			206,280	206,280	232,234
Total 2020			232,234	232,234
Auditors' remuneration
				2021	2020
Fees payable to the Charity's Charity's annual accounts		auditor and its associates for the audit ofthe		6,448	6,720

Fees payable	to the Charity's auditor in respect of:
All non-audit	services not included above	5,232	9,780

				Group	Group
				2021	2020
Wages and	salaries			645,631	702,983
Social security costs				51,644	51,509
Contribution	to defined	contribution	pension schemes	12,978	12,817
				710,253	767,309

			Group	Group
			2021	2020
			No.	No.
Residential	care		32	37
Management	and	administration	5	5
			37	42

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Tangible fixed assets (continued)
Charity
	Freehold
	property
	E
Cost or valuation
At 1 April 2020	128,227
At 31 March 2021	128,227
Depreciation
At 1 April 2020	31,275
Charge for the year	1,563
At 31 March 2021	32,838
Net book value
At 31 March 2021	95,389
At 31 March 2020	96,952

13.	Investments
						Group	Group
						2021	2020
	Market value brought	forward				46,976	253,801
	Acquisitions at cost
	Sales proceeds from	disposals				5,000
	Broker's management	fees				(297)	(1,242)
	Increase/(decrease)	in cash	deposits				(220,000)
	Increase/(decrease)	in market		value	in the year	(1,881)	14,417
	Market value carried forward					49,798	46,976
	Market value ofinvestments			by class:
						Group	Group
						2021	2020
						E
	UK Fixed Interest Bonds					18,262	23,575
	UK Equities					9,560	8,412
	Non UK Equities					6,210	4,161
	Alternative Assets					3,358	3,120
	Cash deposits					12,408	7,705
						49,798	46,973
14.	Stocks
						Group	Group
						2021	2020
							E
	Stock offood and cleaning		materials			2,806	2,770

		Group	Group
		2021	2020
		F
Due within one year
Trade debtors		105,488	118,670
Other debtors			3,121
Prepayments	and accrued income	33,803	19,187
		139,291	140,978

			Group	Group	Charity	Charity
			2021	2020	2021	2020
					F
Bank loans			31,667
Payments	received on	account	2,595	20,675
Trade creditors			42,777	52,817
Amounts	owed to group undertakings			2	227,671	37,673
Other taxation and social security			15,207	12,628
Pension	fund loan payable		2,910	2,298
Other creditors			1,107	799
Accruals	and deferred	income	109,217	21,476
			205,480	110,695	227,671	37,673

Group	Group
2021	2020
E
158,333

			Group	Group	Charity	Charity
			2021	2020	2021	2020
					F	F
Financial assets
Financial	assets measured	at fair value
through	income and expenditure		453,215	105,569	190,013

Summary	offunds - curr	ent year
						Balance at
		Balance at.1			Gains/	31 March
		April 2020	Income	Expenditure	(Losses)	2021
		E			F
General funds		393,349	1,202,609	(1,099,832)		496,126
Endowment	funds	46,975		(297)	3,120	49,798
Restricted	funds	64,630	300	(7,586)		57,344
		504,954	1,202,909	(1,107,715)	3,120	603,268

Analysis ofnet assets between funds Analysis ofnet assets between funds -	current year
		Restricted	Unrestricted	Total
	Capital funds	funds	funds	funds
	2021	2021	2021	2021
Tangible fixed assets		57,344	314,423	371,767
Trade investments	49,798		2	49,800
Current assets			545,514	545,514
Creditors due within one year			(205,480)	(205,480)
Creditors due in more than one year			(158,333)	(158,333)
Total	49,798	57,344	496,126	603,268

Analysis ofnet assets between funds	- prior year
	Endowment	Restricted	Unrestricted	Total
	funds	funds	funds	funds
	2020	2020	2020	2020
	E
Tangible fixed assets		60,860	305,469	366,329
Trade investments	46,975		2	46,977
Current assets		3,770	198,572	202,342
Creditors due within one year			(110,694)	(110,694)
Total	46,975	64,630	393,349	504,954

23.	Reconciliation of	net movement	net movement	in funds	in funds	to	net	cash flow	from	operating	activities
											Group	Group
											2021	2020
											E
	Net income/expenditure for		the	year	(as		per	Statement	of	Financial
	Activities)										98,314	(103,379)
	Adjustments for:
	Depreciation charges										30,301	29,014
	(Gains)/Losses on	investments									(3,120)	(14,417)
	Dividends, interests	and rents	from investments								(1,387)	(6,151)
	Loss on the sale offixed assets										980	5,544
	Increase in stocks										(36)	(818)
	Increase in debtors										1,687	(61,101)
	increase/(decrease)	in creditors									63,120	(35,828)
	Portfolio manger fees										297	1,242
	Net cash provided	by/(used	in) operating			activities					190,156	(185,894)
24.	Analysis ofcash and cash equivalents

			Group	Group
			2021	2020
Cash	in	hand	403,417	58,594

			At 1 April		At 31 March
			2020	Cash flows	2021
				E
Cash	at bank and	in hand	58,594	344,823	403,417
Debt	due within 1	year	(2,298)	(32,278)	(34,576)
Debt	due after 1 year			(158,333)	(158,333)
			56,296	154,212	210,508

					Group	Group
					2021	2020
					E
Not	later	than	1	year	2,696	3,324