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2021-03-31-accounts

CONTENTS
LegalandAdministrative Details
CouncilofManagement Report
Independent Auditors' Report
StatementofFinancialActivities
BalanceSheet 14
CashfowStatement 15
Notestothe Financial Statements 16-32

Patrons Mr T Waite CBE
Mrs A Cottreil OBE
Vice Presidents Mrs PShephardMBE
MrBDaleFCIPD
Councilof Management Mr N Wells (Chairman)
MrRCordell(Vice chairman)
Mrs D Allaway (Treasurer)
MrRClark
Mrs JClifford
Mr S Gadhia
DrPGarrod
Mr CSpooner
MrN Swift
Mrs P Unwin
Key Management Personnel Mr P Montgomery BSc. MA. MBS. MSc(Psych) - Chief Executive and Secretary
Mr T Cheshire (retired27August2021)
Mr DJohn(appointed27August2021)
Mr J Cotterill
Ms KBardsiey
Ms K Jeal
RegisteredCompanynumber 00407697
Registered Charity number 227794
PrincipalAddress Strode Park House
LowerHemeRoad
Heme
HerneBay
KentCT67NE
Independent Auditor AzetsAuditServices
5thFloor
Ashford Commercial Quarter
1DoverPlace
Ashford
KentTN231FB
Bankers National Westminster Bank PLC
140HighStreet
HerneBay
KentCT65JX
Solicitors Furley Page
39St.Margaret'sStreet
Canterbury
KentCT12TX

- theFoundation successfully tenderedtowina KCC contract for supported living services
- SPF's portfolioofsupported living accommodation was strengthenedbyre-equipping and redesignating the 'Holiday
Bungalows'tomeettheincreaseddemandforsuitableaccommodationforpeoplewithdisabilities
- all the regulated services providedbyStrodeParkFoundationarecurrently rated ’Good'bythe regulatory authority000or
Ofsted
- everyservicehasthehighestpossible5StarEnvironmentalHealthranking
- the charity has retained the international recognised quality awards of ISO9001 and l8050001
- StrodeParkFoundationretainedaccreditation fortheNHSrecognisedContractorsforHealthandSafetyScheme
- Thecharityhas retained recognitionasa Disability Confdent Employer.
- theintroductionofeTraining(MyLearningCloud) which broadened training opportunities and ledtoan improvement in
completion rates
. establishinganaccredited NursingAssociateschemeatStrodeParkHousewiththeaimofdevelopingadditionalnursing skills
intheteamand providing a newandexciting career opportunities for Carers
- securing funding for and recruiting apprentices
- successfullyapplyingforUKVISponsorshiplicensesothatthe nursing team can be enhancedbyqualifednurserecruits from
overseas
- supporting47employees who were shieldingorfunoughedasa consequence ofthepandemicandproviding a supportedand
safereturntotheworkplace

Structure,governance and management(continued)
ThemembersoftheCouncilofManagementwhosewed during the period wereasfollows :
Mr N Wells (Chairman) Mr S Gadhia
Mr R Cordell(\fcechairman) DrP Garrod
Mrs DAllaway(Treasurer) MrCSpooner(appointed25November2020)
Mrs N J August (retired 12 February 2021) Mr N Swift
Mr R Clark Mrs P Unwin
Mrs J Clifford

' give a trueandfairviewofthe stateofthe charitable company’s affairs asat31March 2021, andof
its incoming resources and applicationofresources, including its income and expenditure, for the
yearthen ended;
' have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
- havebeenpreparedinaccordance with the requirementsofthe Companies Act 2006.

. the strategic report and the CouncilofManagements' report have been preparedinaccordance
with applicable legal requirements.

- adequate accounting records havenotbeen kept,orreturns adequateforour audithavenot been
receivedfrombranchesnotvisitedbyus;or
v thefnancial statements are notinagreement with the accounting records and returns;or
- certain disclosuresofdirectors' remuneration specifedbylawarenotmade;or
- we have not received all the information and explanations we require for our audit.

29 October 2021

Note Unrestricted Restricted 2021 2020
Funds Funds Total Total
£ £ £ £
Incomefrom:
Donations and legacies
Donations and legacies 2 64,169 48,769 112,938 251,587
Grantsreceivable 3 165,422 677,962 843,384 6,205
Charitable activities
Care services 10 10,643,782 - 10,643,782 9,842,129
Other trading income 4 105,482 - 105,482 237,813
Investment income
Other		 5
6		 835
31,505		 -
-		 835
31,505		 2,146
55,718
Totalincome 11,011,195 726,731 11,737,926 10,395,598
Expenditureon:
Raisingfunds
Costsofraising funds 8 189,743 - 189,743 249,504
Charitable activities
Care services 10 10,061,959 674,896 10,736,855 10,194,862
Totalexpenditure 7 10,251,702 674,896 10,926,598 10,444,366
NetincomeI(expenditure)beforetransfers 759,493 51,835 811,328 (48,768)
Transfersbetweenfunds 23 18,877 (18,877) - -
Netincomeaftertransfers 778,370 32,958 811,328 (48,768)
OtherrecognisedgainsI(losses):
Remeasurement gain on defned beneft
pension scheme 20 (16,438) - (16,438) 592,079
Netmovementinfunds 761,932 32,958 794,890 543,311
Reconciliationoffunds:
Fundbalancesat 1April2020 4,156,156 161,801 4,317,957 3,774,646
Fund balances at 31 March 2021 4,918,088 194,759 5,112,847 4,317,957

Comparativeyearinformation Note Unrestricted Restricted 2020
Yearended31March2020 Funds Funds Total
£ £ 15
Incomefrom:
Donationsandlegacies
Donations and legacies 2 233,338 18,249 251,587
Grantsreceivable 3 6,205 - 6,205
Charitableactivities
Care services 10 9,842,129 - 9,842,129
Othertradingincome 4 196,374 41,439 237,813
investment income 5 2,146 - 2,146
Other 6 55,718 - 55,718
Totalincome 10,335,910 59,688 10,395,598
Expenditureon:
Raisingfunds
Costsofraising funds 8 249,504 — 249,504
Charitable activities
Care services 10 10,190,556 4,306 10,194,862
Totalexpenditure 7 10,440,060 4,306 10,444,366
Netincomebeforegains/(losses)oninvestments (104,150) 55,382 (48,768)
Transfersbetweenfunds 22 157,980 (157,980) -
Netincomeaftertransfers 53,830 (102,598) (48,768)
OtherrecognisedgainsI(losses):
Remeasurement gain/(loss) on defned beneft pension
scheme 592,079 - 592,079
Netmovementinfunds 645,909 (102,598) 543,311
Reconciliationoffunds:
Fundbalancesat 1April2019 3,510,247 264,399 3,774,646
Fundbalancesat 31March2020 4,156,156 161,801 4,317,957

Note 2021 2020
£ £ £ 1::
Fixedassets
Tangible assets 15 5,600,490 5,717,187
Currentassets
Stocks 26.617 27.939
Debtors 16 1 ,713,603 1,732,434
Current asset investments 17 173,61 1 173,61 1
Cashatbank and in hand 721,145 141,946
2,634,976 2,075,930
Creditors:
amounts		 falling due
withinone year 18 (1,191,634! (1,442,413)
Netcurrentassets 1,443,342 633,517
Totalassetslesscurrentliabilities 7,043,832 6,350,704
Creditors:amountsfallingdue after 19
morethanone year (1,048,626) (1,166,826)
5,995,206 5,183,878
Defnedbenefitpension liability 20 (882,359) (865,921)
Netfunds 5,112,847 4,317,957
Funds
Unrestricted funds 936,818 183,770
Designated funds 22 3,981,270 3,972,386
Restricted funds 23 194,759 161,801
24 5,112,847 4.317.957

Note 2021 2020
£ 2 £ £
Cashfowfromoperatingactivities 28 906,849 533,428
Cashfow from investing activities
Paymentstoacquire tangiblefxed assets
investment Income		 (191,276)
835		 (329,223)
2,146
Financing costs (24,622) (23,506)
Net cashfowfrominvestingactivities (215,063) (350.583)
Cashfowfromfnancingactivities
Repaymentoffnance leases
Repaymentofloans		 (8,568)
(104,019)		 (8,569)
(131,236)
Net cashfowfromfnancingactivities (112,587) (139.805)
Net increase / (decrease) in cash and cashequivalents 579,199 43,040
Cash andcashequivalentsat 1April2020 141,946 98,906
Cashandcashequivalentsat 31March2021 30 721,145 141,946
Cash and cashequivalentsconsistsof:
Cashatbank and in hand 721,145 141,946
Cash and cashequivalentsat 31 March 2021 721,145 141,946

Accounting policies
1.1 Basisofaccounting
StrodeParkFoundationforPeoplewithDisabilitiesisa registered charitablecompanyintheUnitedKingdom.Inthe
eventofthecharitybeingwoundup.theliabilityinrespectoftheguaranteeislimitedto£1permemberofthecharity.
Theaddressoftheregisteredofficeisgiveninthecharityinformationonpage 1ofthesefnancialstatements.The
natureofthecharity'soperationsandprincipalactivitiesistoprovidearesidential/nursinghomeorhomesforthe
maintenanceandtreatmentofpersonwhohaveaphysicaldisability;toprovide housingoranyassociatedamenities
forsuchpersons;toprovidecare,supportandancillaryamenitiestoresidentsofsuchhomesandalsotopeoplewith
disabilitieswholiveinthecommunity; andwhereappropriate.rehabilitationandtrainingtoenablethemtoachieve
employment,independentlivingandimprovedqualityoflife.Inadditiontorelieveandprovidesupportforthecarers
ofpeoplewithdisabilitieswhoarethemselvesinneedofsuchcarebyreasonofanystresswhichtheysufferarising
fromtheircaregiving.

expectedusefullife, asfollows:
Freeholdland Notdepreciated
Freeholdbuildings Over50yearsstraightline
GreenRoom Over50yearsstraightline
Bungalows Over50yearsstraightline
Buildingimprovements 3-15yearsstraightline
Assetsunderconstruction Notdepreciated untilassetis in use
Computers 33.33%straightline
Motorvehicles 25%reducingbalance
Furniture and Fittings 25%straightline
SensoryRoom 20%straightline
Grounds, drivesandparks 15%straightline

Accountingpolicies-continued
1.6 Tangible fixed assets and depreciation (continued)
The CouncilofManagementisofthe opinionthatthemarketvalueofthelandaloneisconsiderablyinexcessofthe
valueofthelandandbuildingsstatedtogetherintheBalanceSheetat£5,278,900(2020:£5,407,679).Theinsured
replacement valueofthebuildingisnowin excess of 216,000,000butitisfeltthattheexpenseofobtaining
professionalvaluationsofthepropertywouldnotbejustified.
1.7 Current asset investments
Investmentsrepresentcharityassetswhichareontheopen marketforresale andarevaluedatthecost.
1.8 Stocks
Stocksarestatedatthelowerofcostand estimated selling price less coststocompleteandsell.Costincludesall
costsofpurchase.costsofconversionandothercostsincurredinbringingstocktoitspresentlocationandcondition.
Costis calculatedusingthefrst-in,first-outformula.Provisionismadefordamaged,obsoleteandslow-moving
stockwhereappropriate.Stock does notincludethe value of goods donated for saleinthe charity's shop.
1.9 Debtors andcreditorsreceivable I payablewithinone year
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat
transaction price.Anylossesarisingfromimpairmentarerecognisedinexpenditure.
1.10 Loans andborrowings
Loansandborrowingsareinitiallyrecognisedatthetransactionpriceincludingtransactioncosts.Subsequently,they
aremeasuredatamortisedcostusing the effectiveinterestrate method, less impairment. Ifanarrangement
constitutesafnancetransaction it ismeasuredatpresentvalue.
Deferred income
Thecompanygrantedaleaseofcertainpartsofits landtotheWOHT(nowSanctuaryHousingAssociation)fora
period of 65 yearsfrom12May1983fora net sum, after costs,of£34,688.£534is creditedtoincomeduringeach
yearuntil11May2048.
1.12 Employeebenefits
When employeeshaverenderedservicetothecharity,short-term employee benefitstowhichtheemployeesare
entitledarerecognisedattheundiscountedamountexpectedtobepaidinexchangeforthatservice.
The companyoperatestwodefnedcontributionschemesandnoadditionalliabilityarisesotherthanpaymentstothe
pensionscheme,whicharechargedasexpenditureintheyearinwhichtheyareincurred.
TheFoundationcontributestotheKentPensionFundwithintheLocalGovernmentPensionScheme(LGPS),amulti-
employer defined benefitpensionscheme,onbehalfofcertain employeeswhoseemploymentwastransferredfrom
MedwayCouncilaspartoftheTransferAgreementundertheTransferofUndertakings(ProtectionofEmployment)
Regulations2006.

Accounting policies- continued
Leasing commitments
Rentalspayableunder operating leasesarechargedagainst incomeonastraightline basisoverthelease term.
Assetsheldunderfinanceleasesarerecognisedasassetsattheloweroftheassetsfairvalueatthedateof
inceptionandthepresentvalueoftheminimumleasepayments.Therelatedliabilityisincludedinthebalancesheet
asafinanceleaseobligation.Leasepaymentsaretreatedasconsistingofcapitalandinterestelements.Theinterest
is chargedtotheSoFAsoastoproduce aconstantperiodicrateofinterestonthe remainingbalanceoftheliability.
1.13 Tax
Thecharityisanexemptcharitywithinthemeaningofschedule3oftheCharitiesAct2011andisconsideredtopass
thetestsset out inParagraph1Schedule6FinanceAct2010andthereforeitmeetsthedefinitionof acharitable
companyforUKcorporationtaxpurposes.

DONATIONSANDLEGACIES 2021 2020
£ 2
Donations 100,579 63.824
Gift aid 2,342 1,445
Appeals 6,017 42,553
Legacies 4,000 143,765
112,938 251,587
GRANTS RECEIVABLE 2021 2020
£ E
Coronavirusrelatedgrantsfromstatutorybodies:-
HMRevenueandCustoms-CoronavirusJobRetentionScheme 100,260
KentCountyCouncil-InfectionControlFund 405,562
MedwayCity Council - infectionControlFund 112,624
CyngorGwyneddCouncil - InfectionControlFund 1.736
WestSussexCountyCouncil-InfectionControl Fund 1,039
CanterburyCity Council -BusinessRatesRelief 50.387
Othergrantsfrominstitutions: 171,776
843.384
Grantsfrominstitutions
NationalLotteryCommunity Fund 100,000
HEEKSS 24,000
ColyerFergusson 15,000
PargiterTrustFundviaKentCommunityFoundation 10,000
NationalEmergenciesTrustviaKentCommunityFoundation 4,000
HealthEducationEngland 8,000
KentCountyCouncil 6,076
KentCommunityFund 4,700
Other
171,776

4 OTHER TRADING INCOME 2021 2020
£ 6
Income from shops 16.651 63,611
Holidaybungalows 484 33,720
Accommodation rentals 78,439 65,173
Income from Theatre in the Park - 43,263
Events income 8,566 32,046
Other income 1,342 -
105,482 237,813
5 INVESTMENT INCOME 2021 2020
£ £
Other interest 835 2,146
835 2,146
6 OTHER INCOME 2021 2020
£ £
Client and other recharges 22,719 40,097
Other 8,786 15,621
31,505 55,718
7 EXPENDITURE 2021 2020
Staff Direct Support
Costs Costs Costs
Total		 Total
£ £ £ £ 12
Costsofraising funds 76,144 54,176 59,423 189,743 249,504
Care service costs 6,774,499 1,569,387 2,392,969 10,736,855 10,194,862
6,850,643 1,623,563 2,452,392
10,926,598		 10,444,366
Includedin direct costs and support costsare staff costsof£768,326 (2020: £778,341) which areallocated
above.
8 COSTSOFRAISINGFUNDS 2021 2020
E 55
Charity shops 26,793 30,124
Holiday homes 696 13,426
Theatre in the Park 3,421 32,921
Fundraising 99,410 115,447
Allocated support costs 59,423 57,586
189,743 249,504

SUPPORTCOSTSBREAKDOWNBY SUPPORTCOSTSBREAKDOWNBY ACTIVITY
Care Supported DayOther trading Fundraislng Governance Total
service
llvlng		 services
£
£		 E E E E £
Management 202.109 5.602 7,798 - 2,421 24.215 242.145
Humanresources 214.826 12.470 8.457 3.900 - 9.749 249.402
Financeandpayroll 174,006 20.686 14,602 7,301 2.434 24.336 243.365
InformationTechnology 151.840 9.230 13.846 462 9.230 - 184.608
FacilitiesManagement 1.092.630 14.268 77,519 17.331 6.893 - 1,208,641
Generaloffice 253,204 10.893 15,005 433 9,018 35,678 324,231
2,088,615 73.149 137,227 29,427 29.996 93.978 2,452,392

Thistableshowsthe cost of themaincharitableactivities and thesourcesofincomedirectlytosupportthoseactivities. Thistableshowsthe cost of themaincharitableactivities and thesourcesofincomedirectlytosupportthoseactivities. Thistableshowsthe cost of themaincharitableactivities and thesourcesofincomedirectlytosupportthoseactivities. Thistableshowsthe cost of themaincharitableactivities and thesourcesofincomedirectlytosupportthoseactivities. Thistableshowsthe cost of themaincharitableactivities and thesourcesofincomedirectlytosupportthoseactivities.
Residential Day Community Total
care opportunites care
£ 2 E E
Costs 9.270.295 316.999 1,121,407 10,708,701
DirectIncome (9,386,039) (147,284) (1,110,459) (10,643,782)
Netcostfunded/(incomecontribution)fromother
income 4115.744) 169,715 10,948 64,919
11 NETlNCOME 2021 2020
£ £
Netexpenditureisstatedaftercharging:
Depreciationoftangiblefxed assets 305.011 279.550
Auditors'remuneration
-audit 14.400 14.022
-otherservices 2,760 -
-underI over provision (504) 1,220
Lossondisposaloffixedassets 2,962 -
Rentalsunderoperatingleases 22.350 27,304
12 EMPLOYEES 2021 2020
£ £
Wagesandsalarycosts 6.862.861 6,612,514
SocialSecuritycosts 501,590 455,101
Pensioncontributions 234.973 233.268
Apprenticeshiplevy 19.545 17,589
7,618,969 7.318.472
Theaveragenumberofemployees.byheadcount.duringtheyear 383 404
Theaveragenumberofemployees.byfulltimeequivalent.duringtheyear 312 306

12 EMPLOYEES(continued) 2021 2020
Staffwerecategorisedasfollows:
Carers 207 187
Nurses 9 9
Ancillary 54 53
Daycare/Lifestyles 10 21
Admin 19 24
Therapy 2 2
Senior Management 6 4
Registered Home Managers 5 6
312 306
The number of employees with remuneration in excess of £60,000 was as follows:
£60,001-£70,000 1 1
£80,001-£90,000 1 1

15 TANGIBLEASSETS Freeholdland,
Building		 Furniture,
Cars,coach		 Total
buildings,car
improvements		 fttingsand and ambulance
park andleisure computer
complex equipment
2 E E 2
Cost
Asat1 April2020 5,569,826 1,151,052 1,563,312 216,654 8,500,844
Additions - 20,292 170,984 - 191,276
Disposals - - (96)
(32,432)		 (32,528)
At31March2021 5,569,826 1,171,344 1,734,200 184,222 8,659,592
Depreciation
Asat1April2020 330,791 982,408 1,318,783 151,675 2,783,657
Chargeforyear 98,929 50,142 139,817 16,123 305,011
Eliminatedondisposal - - (95)
(29,471)		 (29,566)
At31March2021 429,720 1,032,550 1,458,505 138,327 3,059,102
Net book values
At31March2021 5,140,106 138,794 275,695 45,895 5,600,490
At31March2020 5,239,035 168,644 244,529 64,979 5,717,187
Assetsheld underfnance lease obligations:
NetBookvalue
At31March2021 - - 11,424 - 11,424
At31March2020 - - 22,135 - 22,135
16 DEBTORS 2021 2020
E E
Tradedebtors 798,954 963,835
Other debtors 417,798 381,405
Prepaymentsandaccrued income 496,851 387,194
1,713,603 1,732,434
Amounts falling dueaftermorethanoneyear andincluded inthedebtors
aboveare: 2021 2020
£ £
Other debtors 398,000 367,000
17 CURRENTASSETINVESTMENTS 2021 2019
£ £
Asat 1 April 2020 173,611 -
Transferredfromfixedassets - 173,611
At31March2021 173,611 173,611
Currentassetinvestmentsrepresentsthecharity'sfreeholdlandwhichisonthe marketforsale.
18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020
2 £
Bankloansandoverdrafts 106,367 101,288
Tradecreditors 395,150 484,269
Financeleaseobligations 8,568 8,568
Othertaxesandsocialsecurity 151,193 365,459
Othercreditors 530,356 482,829
1,191,634 1,442,413

19 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 2020
£ £
Bankloans 1,028,494 1,137,592
Finance lease obligations 5,712 14,280
Deferredincome 14,420 14,954
1,048,626 1,166,826
19.1 Bank loans 2021 2020
£ £
Withinoneyear 106,367 101,288
In twotofiveyears 418,677 425,741
After more than five years 609,817 711,851
1,134,861 1,238,880
19.2 Finance leaseobligations 2021 2020
£ £
Withinoneyear 8,568 8,568
In twotofve years 5,712 14,280
14,280 22,848

Note 2021 2020
SCHEME: £ £
The Pensions Trust- The Growth Plan 19.1 73,359 86,921
Kent County Council Pension Fund 19.2 809,000 779,000
882,359 865,921

SCHEME: TPTRetirementSolutions(formerlyThePensionsTrust-TheGrowthPlan) SCHEME: TPTRetirementSolutions(formerlyThePensionsTrust-TheGrowthPlan) SCHEME: TPTRetirementSolutions(formerlyThePensionsTrust-TheGrowthPlan)
PRESENTVALUESOFPROVISION 2021 2020 2019
£ £ it
Present valueofprovision 73,359 86,921 105,443
RECONCILIATIONOFOPENINGANDCLOSINGPROVISIONS 2021 2020
£ £
Provisionatstartofperiod 86,921 105,443
Unwindingofthe discount factor (interest expense) 1.953 1,334
Defcit contribution paid (18,024) (17,499)
Remeasurements - impactofany change in assumptions 2,509 (2.357)
Provisionatendofperiod 73,359 86,921
INCOMEANDEXPENDITUREIMPACT 2021 2020
£ £
Interest expense 1 ,953 1 ,334
Remeasurements—impactofanychangeinassumptions 2,509 (2,357)
Costs recognised in income and expenditure account 4,462 (1,023)
ASSUMPTIONS 2021 2020 2019
% perannum% perannum% perannum
Rateofdiscount 0.66 2.53 1.39
DEFICITSCONTRIBUTIONSCHEDULE 2021 2020 2019
£ £ £
Year 1 18,564 18,024 17,499
Year2 19,121 18,564 18,024
Year 3 19,695 19,121 18,564
Year 4 16,905 19,695 19,121
Year 5 16,905 19,695
Year 6 16,905
Year 7
Year 8

Principalactuarialassumptions 2021 2020
% %
Rateofincreaseinsalaries 3.80 3.00
Rateofincreaseinpension payment 2.80 2.00
Discount rate 2.00 2.35
Infationassumption-RPI 2.80 2.80
infation assumption - CPI 2.40 2.00
2021 2020
Retiring today
Males 21.6 21.8
Females 23.6 23.7
Retiring in 20 years
Males 22.9 23.2
Females 25.1 25.2
TheFoundation'sshare of theassetsin the schemewere:
2021 2020
E E
Equities 2,223,000 1,683,000
Bonds 431.000 356,000
Property 357,000 372.000
Gilts 21.000 21.000
Other assets 171.000 72,000
Targetreturnportfolio 249,000 231,000
Total market valueofassets 3,452,000 2,735,000
Amountrecognisedin theStatementofFinancialActivities 2021 2020
£ £
Current service cost 81.000 153,000
Net interestcost 18,000 31.000
Administration expenses 2.000 2.000
Total operating charge 101.000 186,000

20 PENSIONANDOTHERPOST-RETIREMENTBENEFITCOMMITMENTS (Continued)
Changes in the present value of defined benefit obligations wereasfollows: 2021 2020
£ £
At1 April2020/2019 3,514,000 4.277.000
Current service cost 81,000 107,000
Interest cost 81.000 102,000
Changeinfnancial assumptions 811,000 (272,000)
Change in demographic assumptions (37,000) (71,000)
Experience loss/(gain)ondefined benefit obligation (47,000) (644,000)
Estimated benefits paid (155,000) (47,000)
Past service costs. including curtailments - 46,000
ContributionsbyScheme participants 13,000 16,000
At 31 March2021/2020 4,261,000 3,514,000
Changesin the fair valueofacademy’sshareofschemeassets: 2021 2020
£ £
At 1April2020/2019 2,735,000 2,924,000
Interest on assets 63.000 71.000
Return on assets less interest 746,000 (290,000)
Other actuarial gains/(losses) - (4,000)
Administration expenses (2,000) (2,000)
Employercontributions 52,000 67,000
ContributionsbyScheme participants 13,000 16,000
Estimated benefts paid (155,000) (47,000)
At 31March2021/2020 3,452,000 2,735,000

DESIGNATEDFUNDS At1April New Designations At 31 March
2020 designations released 2021
£ £ £ £
Designatedfunds
Pension bond 336,000 38,000 - 374,000
Performance bond 24,000 - - 24,000
Fixed asset reserve 4,478,307 - (12,678) 4,465,629
Defined benefit pension funds (865,921) (16,438) - (882,359)
3,972,386 21,562 (12,678) 3,981,270
COMPARATIVE YEAR At 1April New Designations At 31 March
2019 designations released 2020
£ £ £ £
Designatedfunds
Pensionbond 343,000 - (7,000) 336.000
Performancebond 24,000 - - 24,000
Fixed asset reserve 4,471,008 7,299 - 4,478,307
Defnedbeneftpensionfunds (1,458,000) 592,079 - (865,921)
3,380,008 599,378 (7,000) 3,972,386

RESTRICTEDRESERVES At1April At31March
2020 Income Expenditure Transfers 2021
£ £ £ £ £
Coach House Mews 88,197 - - (1.667) 86.530
FootprintsandRedwalls 36,156 27.143 (18.275) - 45,024
Lady Dane Farmhouse Residents chairs 1,575 - - - 1.575
Strode Park House/Coach House 8,000 - - - 8.000
NationalLottery Community Fund - 100,000 (100,000) - -
COVID-19 grants - 520.962 (520.962) - -
Nursing grants - 32,000 (22,000) - 10,000
Otherfunds 27.873 46.626 (13,659) (17.210) 43,630
161,801 726,731 (674.896) (18.877) 194.759
At1April At 31 March
COMPARATIVE YEAR 2019 Income Expenditure Transfers 2020
E E £ £ £
CoachHouseMews 89.864 - - (1,667) 88,197
Footprints and Redwalls 148,522 40,447 (500) (152,313) 36,156
Lady Dane Farmhouse Residents chairs 1.575 - - - 1.575
StrodeParkHouse/Coach House 8,000 - - - 8.000
Other funds 16,438 19,241 (3,806) (4.000) 27.873
264,399 59,688 (4,306) (157.980) 161.801

ANALYSIS OF NET ASSETS
Unrestricted Designated Restricted Total
funds funds funds funds
£ £ £ £
Fixed assets - 5,600,490 - 5,600,490
Current assets 2,042,217 398,000 194.759 2,634,976
Current liabilities (1,085,267) (106,367) - (1,191,634)
Long term liabilities (20,132) (1,028,494) - (1,048,626)
Defned beneft pensions - (882,359) - (882,359)
936,818 3,981,270 194,759 5,112,847
COMPARATIVE YEAR Unrestricted Designated Restricted Total
funds funds funds funds
£ £ £ £
Fixed assets - 5,717,187 - 5,717,187
Current assets 1,554,129 360,000 161,801 2,075,930
Current liabilities (1,341,125) (101,288) - (1,442,413)
Long term liabilities (29,233) (1,137,593) - (1,166,826)
Defnedbeneftpensions - (865,92f - (865,921)
183,771 3,972,385 161,801 4,317,957
OPERATINGLEASECOMMITMENTS
Total future minimum lease payments under non-cancellable operating leases areasfollows:
Otheroperatingleases
2021 2020
£ 1:
Within oneyear 25,673 23,029
Betweentwoandfiveyears 46,793 41,296
72,466 64,325

27 RECONCILIATIONOFNETINCOMETONETCASHINFLOW RECONCILIATIONOFNETINCOMETONETCASHINFLOW FROM
OPERATINGACTIVITIES 2021 2020
£ £
Netincomefortheyear 811,328 (48,768)
Investment income (835) (2,146)
Financing costs 24.622 23.506
Depreciationoftangiblefxed assets 305,011 279,550
Lossondisposaloffxedassets 2,962 -
(lncrease)/decrease in debtors 18,831 (56,767)
Increaseincreditors (255,857) 335,616
Decreaseinlong term creditors (534) (534)
(lncrease)/decrease in stocks 1.322 2,971
Net cash infowfromoperatingactivities 906,849 533,428
28 RECONCILIATIONOFNETCASHFLOWTOMOVEMENTIN NETFUNDS 2021 2020
£ £
increase/(decrease) in cash 579,199 (43,040)
Repayment of other loan 104,019 131,236
Movementinnet debt 683,218 88,196
Netdebtat1April2020 (1,183,014) (1,271,210)
Netdebtat31March2021 (413,716) (1,183,014)
Non-cash At 31March
29 ANALYSIS OF NET DEBT At 1April2020 Cashflow changes 2021
£ £ £ £
Cashatbank andinhand 141,946 579,199 - 721,145
141,946 579,199 - 721,145
Debt due within one year (101,288) 104.019 (106,396) (103,665)
Debt due after one year (1,137,592) - 106,396 (1,031,196)
(1,238,880) 104,019 - (1,134,861)
(1,096,934) 683,218 - (413,716)