2021-12-31-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
Statement ofcash flows			14
Notes to the financial statements			15
The following pages do not form part of		the financial statements
Detailed statement offinancial	activities		31
Notes to the detailed statement	offinancial	activities	33

Registered	name	Boarbank Hall
Charity registration	number	233499
Principal office		Canonesses of	StAugustine
		Convent ofOur	Lady ofLourdes
		Boarbank Hall
		Allithwaite
The trustees
		Sister Eileen Pollard
		Sister Elizabeth	Mary Veronica
		Connell
Auditor		Riverside Accountancy		Lancaster	Limited
		Chartered accountants		&statutory	auditor
		Second Floor, Riverside Offices
		26StGeorge's Quay
		Lancaster
		LA1 1RD
Bankers		National Westminster
		LA11 6DS
		Lloyds Bank Pic
		6The High Street
		Boscombe
		Dorset
		BH31 3RG

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	E	E	6
Income and endowments
Donations and legacies			4	840,174	270,487	1,110,661	533,457
Charitable activities Other trading activities			5 6	1,510,062 7103		1,510,062 7,103	1,416,208 4,966
Investment income			7	24,245	1,859	26,104	21,903
Other income			8	5,189	35,700	40,889	2,384
Total income				2,386,773	308,046	2,694,819	1,978,918
Expenditure
Expenditure on charitable	activities		9,10	1,770,023	8,817	1,778,839	1,773,359
Other expenditure			12				14,426
Total expenditure				1,770,023	8,817	1,778,839	1,787,785
Net gains on investments			13	547,783	(25,684)	522,099	33,071
Net income and net movement		in	funds	1,164,533	273,545	1,438,079	224,204
Reconciliation offunds
Total funds brought forward				3,058,516	962	3,059,478	2,835,274
Total funds carried forward				4,223,049	274,507	4,497,556	3,059,478

		Note	2021 6	2020 f
Fixed assets
Tangible fixed assets Investments		18 19	1,047,671 2,371,519	1,057,713 833,632
			3,419,190	1,891,345
Current assets
Stocks Debtors Investments Cash at bank and in	hand	20 21 22	1,700 87,068 602,954 514,052	1,700 58,895 541,638 663,851
			1,205,774	1,266,084
Creditors: amounts	falling due within one year	24	127,407	97,951
Net current assets			1,078,367	1,168,133
Total assets less current liabilities			4,497,557	3,059,478
Net assets			4,497,557	3,059,478
Funds ofthe charity
Restricted funds			248,607	962
Unrestricted funds			4,248,949	3,058,516
Total charity funds		27	4,497,557	3,059,478

			2021	2020
		Note		F
Cash flows from operating activities
Net income			1,438,079	224,204
Adjustments for:
Depreciation oftangible fixed assets			17,206	24,322
Government grant income Net gains on investments Dividends, interest and rents from investments Other interest receivable and similar income Loss on disposal oftangible fixed assets			(86,748) (522,099) (18,908) (7,196)	(64,424) (33,071) (13,332) (8,571) 14,426
Accrued (income)/expenses			(28,976)	21,376
Changes in:
Trade and other debtors Trade and other creditors			(28,173) 54,105	9,559 (18,079)
Cash generated from operations			817,290	156,410
Interest received			7,196	8,571
Net cash from operating activities			824,486	164,981
Cash flows from investing activities
Dividends, interest and rents from investments Purchase oftangible assets Purchases ofother investments			18,908 (7,164) (1,011,461)	13,332 (41,057)
Net cash used in investing activities			(999,717)	(27,725)
Cash flows from financing activities
Government grant income			86,748	64,424
Net cash from financing activities			86,748	64,424
Net (decrease)/increase in cash and cash Cash and cash equivalents at beginning	equivalents ofyear		(88,483) 1,205,489	201,680 1,003,809
Cash and cash equivalents at end ofyear		23	1,117,006	1,205,489

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

Donations	and le	gacies (corrrrrrued)
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			6	F	6
Grants
Government	grant	income	86,748		86,748
			840,174	270,487	1,110,661
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
					L
Donations
Donations			62,201		62,201
Legacies
Legacies			406,832		406,832
Grants
Government	grant	income	64,424		64,424
			533,457		533,457

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds f	2021 6	Funds F	2020 L
Nursing	Home	Fees for Residential
Care			1,465,872	1,465,872	1,367,943	1,367,943
Income	from Retreats		32,425	32,425	46,745	46,745
Convalescent		Guest Home fees	11,765	11,765	1,520	1,520
			1,510,062	1,510,062	1,416,208	1,416,208

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		6			F
Fundraising	events			83	83
Guest House	Fees	7,103	7,103	4,883	4,883
		7,103	7,103	4,966	4,966

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				F	5	E
	Rental income			13,332		13,332
	Income from	listed investments		3,717	1,859	5,576
	Bank interest	receivable		7,080		7,080
	Other interest	receivable		116		116
				24,245	1,859	26,104
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
					5	E
	Rental income			13,332		13,332
	Income from	listed investments
	Bank interest	receivable		8,457		8,457
	Other interest	receivable		114		114
				21,903		21,903
8.	Other income
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				E		E
	Sundry income			5,189	35,700	40,889
				Unrestricted	Restricted	Total Funds
				Funds	Funds f	2020 E
	Sundry income			2,384		2,384
9.	Expenditure	on charitable activities	by fund type
				Unrestricted	Restricted	Total Funds
				Funds E	Funds f	2021 E
	Charitable Activities			1,743,657	8,400	1,752,057
	Support costs			26,366	417	26,782
				1,770,023	8,817	1,778,839
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
				F	E
	Charitable Activities			1,751,920		1,751,920
	Support costs			21,439		21,439
				1,773,359		1,773,359

Expenditu	re	on charitable ac	tivities by activity typ	e
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2021	2020
				E	K
Charitable	Activities		1,752,057		1,752,057	1,751,920
Governance		costs		26,782	26,782	21,439
			1,752,057	26,782	1,778,839	1,773,359

				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f	2021 E	Funds	2020
	Loss on disposal oftangible fixed
	assets held for charity's		own use			14,426	14,426
13.	Net gains on investments
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
						E	E
	Gains/(losses)	on listed	investments		(3,288)	(25,684)	(28,972)
	Gains/(losses)	on other	investment	assets	551,071		551,071
					547,783	(25,684)	522,099
					Unrestricted	Restricted	Total Funds
					Funds 6	Funds f	2020 f
	Gains/(losses)	on listed	investments		33,071		33,071
	Gains/(losses)	on other	investment	assets
					33,071		33,071
14.	Net income
	Net income is stated after charging/(crediting):
						2021	2020
						E
	Depreciation	oftangible	fixed assets			17,206	24,322
	Loss on disposal oftangible fixed assets						14,426
	Operating lease rentals					15,824	23,498
	Foreign exchange differences					801	(203)

off9,603for the year. ( Staffcosts	2020 - F20	,595)
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2021	2020
			K
Wages and salaries			1,078,902	1,073,644
Social security costs			78,281	78,851
Employer contributions	to pension	plans	43,633	43,235
Other employee benefits			4,393	2,560
			1,205,209	1,198,290

offull-time	equivalent	emp	loyees during the ye	ar is analysed as follows:
				2021	2020
				No.	No.
Full Time equivalents				42	46
The number	ofemployees		whose remuneration	for the year fell within the following	bands, were:
				2021	2020
				No.	No.
E80,000to	E89,999			1	1
Trustee remuneration		and expenses

Tangible fixed assets
	Freehold	Fixtures and	Motor
	property	fittings	vehicles	Equipment	Total
			E	E	8
Cost
At 1 January 2021	1,485,976	300,202	53,717	152,614	1,992,509
Additions	7,164				7,164
At 31 December 2021	1,493,140	300,202	53,717	152,614	1,999,673
Depreciation
At 1 January 2021	478,893	298,098	33,637	124,168	934,796
Charge for the year	10,827	201		6,178	17,206
At 31 December 2021	489,720	298,299	33,637	130,346	952,002
Carrying amount
At 31 December 2021	1,003,420	1,903	20,080	22,268	1,047,671
At 31 December 2020	1,007,083	2,104	20,080	28,446	1,057,713

Investments
	Investment	Other
	properties	investments	Total
		E	8
Cost or valuation
At 1 January 2021	472,546	361,086	833,632
Additions		1,017,038	1,017,038
Fair value movements	551,071	(28,972)	522,099
Other movements		(1,250)	(1,250)
At 31 December 2021	1,023,617	1,347,902	2,371,519
Impairment
At 1 January 2021 and 31 December 2021
Carrying amount
At 31 December 2021	1,023,617	1,347,902	2,371,519
At 31 December 2020	472,546	361,086	833,632

Ye	ar ended	31	De	ce	mber	2021
20.	Stocks
								2021	2020 f
	Raw materials		and consumables					1,700	1,700
21.	Debtors
								2021	2020
	Trade debtors							67,172	39,723
	Prepayments		and	accrued		income		6,228	10,749
	Other debtors							13,668	8,423
								87,068	58,895
22.	Investments
								2021	2020
								6	E
	Short-term	deposits						602,954	541,638
23.	Cash and	cash equivalents
	Cash and	cash equivalents				comprise	the following:
								2021	2020
								6
	Cash at bank and			in hand				514,052	663,851
	Short-term	deposits						602,954	541,638
								1,117,006	1,205,489
24.	Creditors:	amounts			falling	due within one year
								2021	2020
								8
	Trade creditors							45,437	11,308
	Accruals and deferred				income			53,284	77,933
	Social security		and	other taxes				28,686	8,710
								127,407	97,951
25.	Pensions	and	other		post retirement		benefits

Government	grants	grants
The amounts	recognised in the financial statements		for government	grants are as follows:
				2021	2020
				E
Recognised	in income from donations	and legacies:
Government	grants income			86,748	64,424

Unrestricted	fund	s
		At				Gains and	At
		1 Jan 2021 E	Income f	Expenditure E	Transfers F	losses31 Dec2021 f
General funds		2,974,667	2,386,773	(1,770,023)	25,900	547,783	4,165,100
Community	Fund	50,913					50,913
Property
Improvements		32,936					32,936
		3,058,516	2,386,773	(1,770,023)	25,900	547,783	4,248,949
		At				Gains and	At
		1 Jan 2020 E	Income E	Expendituref	Transfers	losses 31 Dec2020 E
General funds		2,750,463	1,978,918	(1,787,785)		33,071	2,974,667
Community	Fund	50,913					50,913
Property
Improvements		32,936					32,936
		2,834,312	1,978,918	(1,787,785)		33,071	3,058,516

		At				Gains and	At
		1 Jan 2021 F	Income	Expenditure f:	Transfers f	losses 31 f	Dec 2021 F
Sister Anne post
graduate	scheme	962					962
Sister Mary
Whelan	fund		308,046	(8,817)	(25,900)	(25,684)	247,645
		962	308,046	(8,817)	(25,900)	(25,684)	248,607
		At				Gains and	At
		1 Jan 2020	Income	Expenditure	Transfers	losses 31	Dec 2020
		F	E				E
Sister Anne post
graduate	scheme	962					962
Sister Mary
Whelan	fund
		962					962

Analysis ofnet as	sets between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		f:		8
Tangible fixed assets		1,047,671		1,047,671
Investments		2,125,274	246,245	2,371,519
Current assets		1,203,421	2,353	1,205,774
Creditors less than	1 year	(127,407)		(127,407)
Net assets		4,248,959	248,598	4,497,557
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	E	E
Tangible fixed assets		1,057,713		1,057,713
Investments		833,632		833,632
Current assets		1,266,084	932	1,267,016
Creditors less than	1 year	(97,951)		(97,951)
Net assets		3,059,478	932	3,060,410

			2021	2020
			8	F
Income and	endowments
Donations and legacies Donations			880,613	62,201
Legacies			143,300	406,832
Government	grant income		86,748	64,424
			1,110,661	533,457
Charitable activities
Nursing Home Fees for Residential		Care	1,465,872	1,367,943
Income from	Retreats		32,425	46,745
Convalescent	Guest Home fees		11,765	1,520
			1,510,062	1,416,208
Other trading	activities
Fundraising events				83
Guest House	Fees		7,103	4,883
			7,103	4,966
Investment income
Rental income			13,332	13,332
Income from	listed investments		5,576
Bank interest	receivable		7,080	8,457
Other interest	receivable		116	114
			26,104	21,903
Other income
Sundry income			40,889	2,384
Total income			2,694,819	1,978,918

				2021	2020
				E	E
Expenditure
Expenditure on charitable activities
Purchases				108,214	123,729
Wages and salaries Employer's NIC				1,078,902 78,281	1,073,644 78,851
Pension costs				43,633	43,235
Other post-retirement Operating leases Rates and water	benefits			4,393 15,824 16,684	2,560 23,498 17,749
Light and heat				118,308	82,103
Repairs and maintenance				106,089	150,370
Insurance				33,342	24,229
Motor vehicle expenses Legal and professional fees				10,779 24,746	16,092 20,594
Telephone				14,008	11,662
Other office costs				42,638	37,249
Depreciation				17,206	24,322
Foreign exchange gain/loss Other Support Costs				801 54,959	(203) 40,510
Gifts Parkhouse				2,832 7,200	3,165
				1,778,839	1,773,359
Other expenditure
Loss on disposal oftangible fixed assets held for charity's			own use		14,426
Total expenditure				1,778,839	1,787,785
Net gains on investments
Gains/(losses) on listed Gains/(losses) on other	investments investment	assets		(28,972) 551,071	33,071
				522,099	33,071
Net income				1,438,079	224,204

						2021	2020
						E	6
Expenditure on	charitable activities
Charitable Activities
Activities undertaken		directly
Direct charitable	activity	1 - purchases				108,214	123,729
Direct charitable	activity	1 - wages/salaries				1,078,902	1,073,644
Direct charitable	activity	1 - employer's		NIC		78,281	78,851
Direct charitable	activity	1 - pension costs				43,633	43,235
Direct charitable	activity	1 - other employee			benefits	4,393	2,560
Direct charitable	activity	1 - operating	leases			15,824	23,498
Direct charitable	activity	1 - rates &water				16,684	17,749
Direct charitable	activity	1 - light &heat				118,308	82,103
Direct charitable	activity	1 - repairs &maintenance				106,089	150,370
Direct charitable	activity	1 - insurance				33,342	24,229
Direct charitable	activity	1 - motor vehicle expenses				10,779	16,092
Direct charitable	activity	1 - telephone				14,008	11,662
Direct charitable	activity	1 - other office		costs		42,638	37,249
Direct charitable	activity	1 - depreciation				17,206	24,322
Direct charitable	activity	1 - Other Support Costs				53,724	39,462
Direct charitable	activity	1 - Gifts				2,832	3,165
Direct charitable	activity	1 - Parkhouse				7,200
						1,752,057	1,751,920
Governance costs
Governance costs - accountancy fees						9,603	8,529
Governance costs - audit fees						10,722	12,065
Governance costs - professional fees						4,421
Governance costs - foreign exchange			gain/loss			801	(203)
Governance costs - bank charges						1,235	1,048
						26,782	21,439
Expenditure on	charitable activities					1,778,839	1,773,359