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2021-03-31-accounts

The Wilverley Association
Contents
Strategic Report 1to 2
Trustees' Report (including
Directors' Report)		 3to 8
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 10to 13
Statement ofFinancial Activities 14to 15
Balance Sheet 16
Statement ofCash Flows 17
Notes to the Financial Statements 18to 31

Reference and Administrative and Administrative and Administrative Details
Chief Executive Officer Pam Hall
Trustees Joanne Husband, Chair of Trustees
Paul Stafford
Jean Burke
A!exandra Bett
Sally Hamilton
Senior Management Team Melanic Barnfather (appointed on 15February 2021) - Finance Manager
Andrew
Harrison		 (resigned on 24 September 2021) - Home Manger
Juliet Orman - Home Manager
Lisa Jerram (appointed on 10February 2020) - HR Business Partner
Lisa Street (resigned on 5 May 2021) - Estates Manager
Principal Office Little Haven
Beaulieu Road
Dibden Purlieu
Southampton
Hampshire
SO45 4JF
Registered Office Little Haven
Beaulieu Road
Dibden Purlieu
Southampton
Hampshire
SO45 4JF
Company Registration Number 817104
Charity Registration Number 237911
Solicitors Paris Smith LLP
1London Road
Southampton
SO15 2AE
Bankers Lloyds Bank pic
39High Street
Lymington
Hampshire
CAF Bank Limited
25 Kings Hill Avenue
King Hill
West Mailing
Investment Advisor Brewin Dolphin
Vantage Point
Woodwater
Park
Pynes Hill
Exeter
EX25FD

(Including Incom e and Expendit ure
Account an		 d Statement of Total Recognis ed Gains and Losses)
Unrestricted Restricted Endowment Total
funds funds funds 2021
f.
Income and Endowments from:
Donations
and legacies		 7,028 650 7,678
Charitable
activities		 4,239,016 4,239,016
Investment
income		 62,044 62,044
Other income 243,924 243,924
Total Income 4,552,012 650 4,552,662
Expenditure
on:
Raising funds
Charitable
activities		 6
7		 (30,069)
~4,375,233		 ~(14,525 (30,069)
~4,389,756)
Total Expenditure (4,405,300) (14,525) (4,419,825)
Gains/losses
on investment		 assets 337,287 337,287
Net income/(expenditure) 483,999 ~13,875 470,124
Net movement
in funds		 483,999 (13,875) 470,124
Reconciliation offunds
Total funds brought forward 3,465,311 524,870 560,537 4,550,718
Total funds carried forward 19 3,949,310 510,995 560,537 5,020,842

(Including Incom e and Expendit ure
Account an		 d Statement of Total Recognis ed Gains and Losses)
Unrestricted Restricted Endowment Total
funds funds funds 2020
Income and Endowments from:
Donations
and legacies		 16,241 16,241
Charitable
activities		 4,153,846 4,153,846
Investment
income		 82,978 82,978
Other income 10,283 10,283
Total Income 4,263,348 4,263,348
Expenditure
on:
Raising funds (36,549) (36,549)
Charitable
activities		 (4,484,227) (4,484,227)
Total Expenditure (4,520,776) (4,520,776)
Gains/losses
on investment		 assets (168,039) (168,039)
Net expenditure (425,467) 425,467)
Net movement
in funds		 (425,467) (425,467)
Reconciliation
offunds
Total funds brought forward 3,890,778 524,870 560,537 4,976,185
Total funds carried forward 19 3,465,311 524,870 560,537 4,550,718

Balance Sheet as at 3 1March 2021
2021 2020
Note
Fixed assets
Tangible assets 13 2,603,361 2,675,021
Investments 14 2,454,686 2,126,265
5,058,047 4,801,286
Current
assets
Stocks 15 10,000 10,000
Debtors 16 225,830 140,129
Cash at bank and in hand 150,442 64,816
386,272 214,945
Creditors: Amounts falling due within one year 17 (423,477) (465,513)
Net current liabilities (37,205) (250,568)
Net assets 5,020,842 4,550,718
Funds ofthe charity:
Endowment funds 560,537 560,537
Restricted income funds
Restricted
funds		 19 510,995 524,870
Unrestricted income funds
Unrestricted funds 3,949,310 3,465,311
Total funds 19 5,020,842 4,550,718

2021 2020
Note
Cash flows from operating activities
Net cash income/(expenditure) 470,124 (425,467)
Adjustments
to cash flows from non-cash		 items
Depreciation 110,827 102,514
Investment
income		 (62,044) (82,978)
(Proflit)/loss
on disposal ofinvestments		 (337,287) 168,039
181,620 (237,892)
Working capital adjustments
Increase in stocks 15 (6,133)
(Increase)/decrease
in debtors		 16 (85,701) 16,329
Decrease in creditors 17 (42,036) (71,216)
Net cash flows from operating
activities		 53,883 (298,912)
Cash flows from investing
activities
Interest receivable
and similar income		 4 8
Rent receivable from investment
property		 4 20,040 22,250
Purchase oftangible fixed assets 13 (39,167) (59,391)
Purchase ofinvestments 14 (721,779) (704,553)
Sale ofinvestments 14 730,645 1,010,783
Income from dividends 4 41,996 60,728
Net cash flows fiom investing activities 31,743 329,817
Net increase in cash and cash equivalents 85,626 30,905
Cash and cash equivalents
at		 1April 64,816 33,911
Cash and cash equivalents
at		 31March 150,442 64,816
All ofthe cash flows are derived from continuing operations during the above two periods.

Unrestricted
funds
Restricted Total Total
General funds 2021 2020
K
Donations and legacies;
Donations from individuals 7,028 650 7,678 16,241
7,028 650 7,678 16,241

3 Income fr om c harita ble
activities
Unrestricted
funds
Total Total
General 2021 2020
Residential fees 2,946,436 2,946,436 2,737,337
Nursing fees 1,265,992 1,265,992 1,307,347
Respite and reablement fees 26,588 26,588 109,162
4,239,016 4,239,016 . 4,153,846
4 Investment income
Unrestricted
funds
Total Total
General 2021 2020
Interest receivable and similar income;
Interest receivable on bank deposits 8 8
Other income from fixed asset investments 41,996 41,996 60,728
Income from rents 20,040 20,040 22,250
62,044 62,044 82,978
5 Other income
Unrestricted
funds
Total Total
General 2021 2020
HCC covid grant 197,286 197,286
CJRS grant 33,772 33,772
Miscellaneous income 12,866 12,866 10,283
243,924 243,924 10,283

Unrestricted
funds
Total Total
General 2021 2020
Note
Other investment management costs;
Investment manager fees 10,862 10,862 13,726
Investment property costs 555 555 3,668
Allocated support costs 18,652 18,652 19,155
30,069 30,069 36,549
Total Total
Direct costs 2021 2020
Investment management costs 30,069 30,069 36,549
7 Expenditure on charitable activities
Activity
undertaken Total Total
directly 2021 2020
Residential and nursing care 2,650,785 2,650,785 2,653,466
Catering 455,097 455,097 514,105
Premises expenses 601,563 601,563 647,484
General running costs 682,310 682,310 669,172
4,389,755 4,389,755 4,484,227

8
Analysis		 ofsupport costs costs
Support costs allocated to raising funds
Governance Information Administration Total
Basis of costs technology Staff costs costs 2021
allocation
Investment management costs 10% 491 3,713 5,722 9,410 19,336
Support costs allocated to charitable activities
Governance Information Administration Total
Basis of costs technology Staff costs costs 2021
allocation
Little Haven 30% 1,470 11,136 17,166 28,230 58,002
Forest Oaks 60% 2,940 22 273 34,332 56,459 116,004
4,410 33,409 51,498 84,689 174,006
9
Net incoming/outgoing		 resources
Net incoming/(outgoing) resources for the year include:
2021 2020
Audit fees 3,767 5,413
Other non-audit
services		 1,134 1,000
Depreciation offixed assets 110,827 102,514

2021 2020
Staffcosts during the year were:
Wages and salaries 2,679,225 2,460,566
Social security costs 204,063 206,725
Pension costs 60,126 53,447
2,943,414 2,720,738
2021 2020
No No
91 71

13 Tangible fixed assets
Freehold Furniture
Land and and
buildings equipment Total
Cost
At 1April 2020 3,046,455 810,884 3,857,339
Additions 5,157 34,010 39,167
At 31March 2021 3,051,612 844,894 3,896,506
Depreciation
At 1April 2020 545,393 636,925 1,182,318
Charge for the year 70,856 39,971 110,827
At 31March 2021 616,249 676,896 1,293,145
Net book value
At 31March 2021 2,435,363 167,998 2,693,361
At 31March 2020 2,501,062 173,959 2,675,021

14 Fixed asset investments
2021 2020
Investment properties 675,000 675,000
Other investments 1,779,686 1,451,265
2,454,686 2,126,265
Investment properties
Investment
properties
Cost or Valuation
At 1April 2020 675,000
Provision
At 31March 2021
Net book value
At 31March 2021 675,000
At 31March 2020 675,000

Other investments
Listed
investments Cash deposits Total
Cost or Valuation
At 1 April 2020 1,392,775 58,490 1,451,265
Revaluation 337,287 337,287
Additions 341,566 380,213 721,779
Disposals (338,217) (392,428) ~730,645)
At 31March 2021 1,733,411 46,275 1,779,686
Net book value
At 31March 2021 1,733,411 46,275 1,779,686
At 31March 2020 1,392,775 58,490 1,451,265
Current year revaluation off337,287 includes realised gain off51,099 and unrealised gain of1286,188.

15 Stock
2021 2020
Stocks 10,000 10,000
16 Debtors
2021 2020
Trade debtors 178,631 118,700
Prepayments 27,174 21,429
Other debtors 20,025
225,830 140,129
Other debtors includes insurance claim off11,163 and income receivable off8,862.
17 Creditors: amounts falling due within one year
2021 2020
Trade creditors 216,376 132,674
Other taxation and social security 50,354 50,468
Other creditors 136,796 269,003
Accruals 19,951 13,368
423,477 465,513

Operating
lease commitments
Total future minimum
lease payments
under non-cancellable
operating		 leases are as follows:
2021 2020
Other
Within one year 4,099
Between one and five years 10,284
4,099 10,284

19 Funds
Balance at Other
1April Incoming Resources recognised Balance at 31
2020 resources expended gains/(losses) March 2021
Unrestricted
funds
General
General reserve 665,103 2,321,698 (2,136,760) 337,287 1,187,328
Designated
Property
and equipment		 fund 1,834,989 2,230,314 (2,268,540) 1,796,763
Fees Subsidy Reserve 915,219 915,219
Repairs and improvements fund 50,000 50,000
2,800,208 2,230,314 2,268,540 2,761,982
Total Unrestricted
funds		 3,465,311 4,552,012 (4,405,300 337,287 3,949,310
Restricted funds
Forest Oaks Gift Fund 30,760 650 31,410
Little Haven Amenity Fund 10,792 10,792
Mrs York bequest 130,658 130,658
Forest Oaks Benevolent Fund 148,817 148,817
Little Haven Endowment Fund 168,551 168,551
Wilverley
Association		 Benevolent Fund 35,292 (14,525) 20,767
Total restricted
funds		 524,870 650 (14,525) 510,995
Endowment
funds
Expendable
EP Clark Legacy 48,130 48,130
GF Clark Legacy 72,043 72,043
A M CHindson
Legacy		 211,943 211,943
AFNewitt Legacy 126,792 126,792
LBM Hindson Legacy 101,629 101,629
560,537 560,537
Total funds 4,550,718 4,552,662 (4,419,825) 337,287 5,020,842

Balance at Other
1April Incoming Resources recognised Balance at 31
2019 resources expended gains/(losses) March 2020
'E
Unrestricted
funds
General
General reserve 795,065 2,196,798 (2,158,721) (168,039) 665,103
Designated
Property
and equipment		 fund 2,130,494 2,066,550 (2,362,055) 1,834,989
Fees Subsidy Reserve 915,219 915,219
Repairs and improvements fund 50,000 50,000
3,095,713 2,066,550 (2,362,055) 2,800,208
Total unrestricted
funds		 3,890,778 4,263,348 (4,520,776) (168,039) 3,465,311
Restricted funds
Forest Oaks Gift Fund 30,760 30,760
Little Haven Amenity Fund 10,792 10,792
Mrs York bequest 130,658 130,658
Forest Oaks Benevolent Fund 148,817 148,817
Little Haven Endowment Fund 168,551 168,551
Wilverley
Association		 Benevolent Fund 35,292 35,292
Total restricted
funds		 524,870 524,870
Endowment
funds
Expendable
EP Clark Legacy 48,130 48,130
GF Clark Legacy 72,043 72,043
A M C Hindson Legacy 211,943 211,943
AFNewitt Legacy 126,792 126,792
LBM Hindson
Legacy		 101,629 101,629
560,537 560,537
Total funds 4,976,185 4,263,348 (4,520,776) (168,039) 4,550,718

Unrestricted funds
Endowment Total funds
Restricted fuuds at 31March
General Designated funds Expendable 2021
'K
Tangible fixed assets 246,060 1,796,764 560,537 2,603,361
Fixed asset investments 1,489,468 965,218 2,454,686
Current assets (124,723) 510,995 386,272
Current liabilities (423,477) (423,477)
Total net assets 1,187,328 2,761,982 510,995 560,537 5,020,842
Unrestricted funds
Endowment Total funds
Restricted funds at 31March
General Desiguated funds Expendable 2020
Tangible fixed assets 279,495 1,834,989 560,537 2,675,021
Fixed asset investments 1,161,046 965,219 2,126,265
Current assets (309,925) 524,870 214,945
Current liabilities (465,513) (465,513)
Total net assets 665,103 2,800,208 524,870 560,537 4,550,718