2020-12-31-accounts - Boarbank Hall Convalescent Home, Grange-Over-Sands

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		Page
Trustees' annual report
Independent auditor's	report to the members
Statement offinancial	activities	12
Statement offinancial	position	13
Statement ofcash flows		14
Notes to the financial	statements	15

Reference	and adm	inistrative	details
Registered	charity	name	Boarbank Hall
Charity registration		number	233499
Principal office			Canonesses of	StAugustine
			Convent of Our	Lady of		Lourdes
			Boarbank Hall
			Allithwaite
The trustees
			Sister Eileen Pollard
			Sister Elizabeth	Mary Veronica
			Conneli
Auditor			Riverside Accountancy Chartered accountants		Lancaster &statutory		Limited auditor	t/a Paul Clegg &Company
			Second Floor, Riverside			Offices
			26StGeorges Quay
			Lancaster
			LA1 1RD
Bankers			National Westminster
			LA11 6DS
			Lloyds Bank Pic
			6The High Street
			Boscombe
			Dorset
			BH31 3RG

					2020		2019
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note		6	6
Income and endowments
Donations and legacies			4	533,457		533,457	117,964
Charitable activities			5	1,416,208		1,416,208	1,526,662
Other trading activities			6	4,966		4,966	24,602
Investment income			7	21,903		21,903	21,638
Other income			8	2,384		2,384	2,273
Total income				1,978,918		1,978,918	1„693,139
Expenditure
Expenditure on charitable		activities	9,10	1,773,359		1,773,359	1,749,897
Other expenditure			11	14,426		14,426	543
Total expenditure				1,787,785		1,787,785	1,750,440
Net gains on investments			12	33,071		33,071	4,216
Net income/(expenditure)		and net
movement in funds				224,204		224,204	(53,085)
Reconciliation offunds
Total funds brought	forward			2,834,312	962	2,835,274	2,888,359
Total funds carried	forward			3,058,516	962	3,059,478	2,835,274

				2020	2019
			Note	8
Fixed assets
Tangible fixed assets			16	1,057,713	1,055,404
Investments			17	833,632	800,561
				1,891,345	1,855,965
Current assets
Stocks Debtors Investments Cash at bank and in	hand		18 19 20	1,700 58,895 541,638 663,851	1,700 68,454 685,683 318,126
				1,266,084	1,073,963
Creditors: amounts	falling	due within one year	22	97,951	94,654
Net current assets				1,168,133	979,309
Total assets less current		liabilities		3,059,478	2,835,274
Net assets				3,059,478	2,835,274
Funds ofthe charity
Restricted funds				962	962
Unrestricted funds				3,058,516	2,834,312
Total charity funds			25	3,059,478	2,835,274

				2020	2019
			Note
Cash flows from operating	activities
Net income/(expenditure)				224,204	(53,085)
Adjus/ments for:
Depreciation oftangible fixed assets				24,322	21,311
Government grant income				(64,424)
Net gains on investments				(33,071)	(4,216)
Dividends, interest and rents	from investments			(13,332)	(11,055)
Other interest receivable and	similar income			(8,571)	(10,583)
Loss on disposal oftangible fixed assets				14,426	425
Accrued expenses				21,376	1,215
Changesin:
Trade and other debtors				9,559	52,767
Trade and other creditors				(18,079)	7,768
Cash generated from operations				156,410	4,547
Interest received				8,571	10,583
Net cash from operating activities				164,981	15,130
Cash flows from investing	activities
Dividends, interest and rents	from investments			13,332	11,055
Purchase oftangible assets				(41,057)	(17,161)
Proceeds from sale oftangible assets					3,175
Purchases of other investments					(306,849)
Proceeds from sale ofother investments					4,216
Net cash used in investing activities				(27,725)	(305,564)
Cash flows from financing	activities
Government grant income				64,424
Net cash from financing activities				64,424
Net increase/(decrease) in cash and cash		equivalents		201,680	(290,434)
Cash and cash equivalents	at beginning	ofyear		1,003,809	1,294,243
Cash and cash equivalents	at end ofyear		21	1,205,489	1,003,809

value, over the useful econo	mic life ofthat asset as follow	s:
Freehold property	3%reducing balance
Fixtures and fittings	15%/20% Reducing	balance
Motor vehicles	25% reducing balance
Equipment	15%/20% Reducing	balance

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020 6	Funds f	2019 f
Grants
Government	grant	income	64,424	64,424
			533,457	533,457	117,964	117,964

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
					f	6
Nursing	Home	Fees for Residential
Care			1,367,943	1,367,943	1,376,267	1,376,267
Income	from Retreats		46,745	46,745	142,072	142,072
Convalescent		Guest Home fees	1,520	1,520	8,323	8,323
			1,416,208	1,416,208	1,526,662	1,526,662

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2020	Funds	2019 F
Fundraising	events		83	83	5,692	5,692
Guest House		Fees	4,883	4,883	18,910	18,910
			4,966	4,966	24,602	24,602
Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
				6
Rental income			13,332	13,332	11,055	11,055
Bank interest		receivable	8,457	8,457	10,471	10,471
Other interest		receivable	114	114	112	112
			21,903	21,903	21,638	21,638

Other	income
		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2020	Funds		2019
				6	F
Sundry	income	2,384		2,384	2,273		2,273

Expenditu	re on charitable ac	tivities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020	Funds	2019
		6
Charitable	Activities	1,751,920	1,751,920	1,725,091	1,725,091
Support costs		21,439	21,439	24,806	24,806
		1,773,359	1,773,359	1,749,897	1,749,897

				Activities
				undertaken			Total funds	Total fund
				directly	Support costs		2020	2019
						F		E
	Charitable Activities			1,751,920			1,751,920	1,725,091
	Governance costs					21,439	21,439	24,806
				1,751,920		21,439	1,773,359	1,749,897
11.	Other expenditure
				Unrestricted	Total	Funds	Unrestricted	Total Funds
				Funds		2020	Funds f	2019
	Loss on disposal oftangible fixed
	assets held for charity's		own use	14,426		14,426	425	425
	Other expenditure	-Fundraising					118	118
				14,426		14,426	543	543
12.	Net gains on investments
				Unrestricted	Total	Funds	Unrestricted	Total Funds
				Funds F		2020	Funds	2019 f
	Gains/(losses) on	listed investments		33,071		33,071	4,216	4,216
13.	Net income/(expenditure)
	Net income/(expenditure)		is stated after	charging/(crediting):
							2020	2019
							K
	Depreciation oftangible fixed assets						24,322	21,311
	Loss on disposal oftangible fixed assets						14,426	425
	Operating lease rentals						23,498	25,410
	Foreign exchange	differences					(204)	452

Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2020 f	2019 f
Wages and salaries			1,073,644	1,138,416
Social security costs			78,851
Employer contributions	to pension	plans	43,235	33,868
Other employee benefits			2,560	3,779
			1,198,290	1,176,063

offull-time equivalent emp	loyees during the ye	ar is analysed as follows:
		2020	2019
		No.	No.
Full Time equivalents		46	53
The number ofemployees	whose remuneration	for the year fell within the following	bands, were:
		2020	2019
		No.	No.
f60,000tof69,999			1
f80,000 tof89,999		1
		1	1

Tangible fixed assets
	Freehold	Fixtures and	Motor
	property	fittings	vehicles f	Equipment 6	Total 6
Cost
At 1 January 2020	1,465,283	300,202	53,717	149,050	1,968,252
Additions	37,493			3,564	41,057
Disposals	(16,800)				(16,800)
At 31December 2020	1,485,976	300,202	53,717	152,614	1,992,509
Depreciation
At 1 January 2020	470,630	297,861	26,999	117,358	912,848
Charge for the year	10,637	237	6,638	6,810	24,322
Disposals	(2,374)				(2,374)
At 31 December 2020	478,893	298,098	33,637	124,168	934,796
Carrying amount
At 31 December 2020	1,007,083	2,104	20,080	28,446	1,057,713
At 31 December 2019	994,653	2,341	26,718	31,692	1,055,404

Investments
	Investment	Other
	properties	investments	Total
	E		6
Cost or valuation
At 1 January 2020	472,546	328,015	800,561
Additions
Fair value movements		33,071	33,071
At 31 December 2020	472,546	361,086	833,632
Impairment
At 1 January 2020 and 31 December 2020
Carrying amount
At 31 December 2020	472,546	361,086	833,632
At 31 December 2019	472,546	328,015	800,561

18.	Stocks
							2020	2019
							r
	Raw materials		and	consumables			1,700	1,700
19.	Debtors
							2020	2019
							6
	Trade debtors						39,723	45,446
	Prepayments	and		accrued income			10,749	23,008
	Other debtors						8,423
							58,895	68,454
20.	Investments
							2020	2019
							6	E
	Short-term deposits						541,638	685,683
21.	Cash and cash equivalents
	Cash and cash		equivalents			comprise the following:
							2020	2019
							6
	Cash at bank	and		in hand			663,851	318,126
	Short-term deposits						541,638	685,683
							1,205,489	1,003,809
22.	Creditors: amounts				falling	due within one year
							2020	2019
							6
	Trade creditors						11,308	29,200
	Accruals and	deferred			income		77,933	56,557
	Social security		and	other taxes			8,710	8,897
							97,951	94,654

Government	grants	grants
The amounts	recognised in the financial statements		for government	grants are as follows: 2020	2019 f
Recognised	in income from donations	and legacies:
Government	grants income			64,424

								At
			At				Gains and 31	December
		1	January 2020	Income	Expenditure		losses	2020
				E		F	F	F
General funds Community Fund Property Improvements			2,750,463 50,913 32,936	1,978,918		(1,787,785)	33,071	2,974,667 50,913 32,936
			2,834,312	1,978,918		(1,787,785)	33,071	3,058,516
								At
			At				Gains and 31	December
		1 January 2019		Income	Expenditure		losses	2019
			F					F
General funds Community Fund Property Improvements			2,803,548 50,913 32,936	1,693,139 (1,750,440)			4,216	2,750,463 50,913 32,936
			2,887,397	1,693,139 (1,750,440)			4,216	2,834,312
Restricted	funds
								At
			At				Gains and 31	December
		1 January 2020		Income		Expenditure	losses	2020
			E			F	E	E
Sister Anne post graduate scheme			962					962
								At
			At				Gains and 31	December
		1 January 2019		Income		Expenditure	losses	2019
			F			E
Sister Anne post graduate scheme			962					962