| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 | |
| Report ofthe Independent Auditors |
8 | to | 11 | |
| Statement ofFinancial Activities | 12 | |||
| Statement ofFinancial Position | ||||
| Statement ofCash Flows | 14 | |||
| Notes to the Statement ofCash Flows | 15 | |||
| Notes to the Financial Statements | 16 | to | 24 | |
| Detailed Statement ofFinancial | Activities | 25 | to | 26 |
| fo | r the | Year En | ded 31March | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS FROM | |||||||
| Donations | and legacies | 420 | 420 | 1,907 | ||||
| Charitable | activities | 6 | ||||||
| Provision | ofsheltered | housing &residential | care | 1,230,805 | 53,290 | 1,284,095 | 1,687,735 | |
| Other trading activities | 90 | 90 | 1,274 | |||||
| Investment | income | 4,483 | 4,483 | 7,321 | ||||
| Total | 1,235,798 | 53,290 | 1,289,088 | 1,698,237 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | 7 | ||||||
| Provision | ofsheltered | housing &residential | care | 1,520,569 | 34,491 | 1,555,060 | 1,596,693 | |
| NET INCOME/(EXPENDITURE) | (284,771) | 18,799 | (265,972) | 101,544 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 3,080,195 | 3,080,195 | 2,978,651 | ||||
| TOTAL FUNDS CARRIED FORWARD | 2,795,424 | 18,799 | 2,814,223 | 3,080,195 |
| Statement ofFinancial Position | |||
|---|---|---|---|
| 31March 2021 | |||
| 31.3.21 | 31.3.20 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 2,044,406 | 2,069,646 | |
| CURRENT ASSETS | |||
| Debtors | 15 | 47,292 | 36,724 |
| Cash at bank and in hand | 786,108 | 1,081,539 | |
| 833,400 | 1,118,263 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (63,583) | (107,714) |
| NET CURRENT ASSETS | 769,817 | 1,010,549 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 2,814,223 | 3,080,195 | |
| NET ASSETS | 2,814,223 | 3,080,195 | |
| FUNDS | 19 | ||
| Unrestricted funds |
2,795,424 | 3,080,195 | |
| Restricted funds | 18,799 | ||
| TOTAL FUNDS | 2,814,223 | 3,080,195 |
| Statement ofC for the Year Ended |
ash Flows 31March 2021 |
||||
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
(299,794) | 178,716 | |||
| Interest paid | (20) | (2~) | |||
| Net cash (used in)/provided | by operating | activities | (299,814) | 178,691 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets | (208,904) | ||||
| Interest received | 4,483 | 7321 | |||
| Net cash provided by/(used |
in) investing | activities | 4,483 | (201,583) | |
| Change in cash and cash equivalents | in | ||||
| the reporting period |
(295,331) | (22,892) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting | period | 1,081,036 | 1,103,928 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
785,705 | 1,081,036 |
| OPERATING AC | TIVITI | ES | |||||
|---|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||||
| Net (expenditure)/income | for the reporting | period (as per the | |||||
| Statement ofFinancial Activities) | (265,972) | 101,544 | |||||
| Adjustments for: |
|||||||
| Depreciation charges |
25,240 | 27,635 | |||||
| Interest received | (4,483) | (7,321) | |||||
| Interest paid | 20 | 25 | |||||
| Increase in debtors | (10,568) | (5,084) | |||||
| (Decrease)/increase | in creditors | (44,031) | 61,917 | ||||
| Net cash (used in)/provided | by operations | (299,794) | 178,716 | ||||
| ANALYSIS OF CASH AND CASH EQUIVALENTS | |||||||
| 31.3.21 | 31.3.20 | ||||||
| Cash in hand | 439 | 2,218 | |||||
| Notice deposits (less than 3 | months) | 785,669 | 1,079,321 | ||||
| Overdrafts included |
in bank | loans and overdrafts | falling due within | one year | (403) | (503) | |
| Total cash and cash | equivalents | 785,705 | 1,081,036 | ||||
| ANALYSIS OF CHANGES IN NET FUNDS | |||||||
| At 1.4.20 | Cash flow | At31.3.21 | |||||
| Net cash | |||||||
| Cash at bank and in | hand | 1,081,539 | (295,431) | 786,108 | |||
| Bank overdraft | (503) | 100 | (403) | ||||
| 1,081,036 | (295,331) | 785,705 | |||||
| Total | 1,081,036 | (295431) | 785,705 |
| 3. | DONATIONS | AND LEGACIES | |||||||
| 31.3.21 | 31.3.20 | ||||||||
| Donations | 420 | 1,907 | |||||||
| 4. | OTHER TRADING ACTIVITIES | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Fundraising | events | 90 | 1,274 | ||||||
| 5. | INVESTMENT INCOME | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Deposit account | interest | 4,483 | 7,321 | ||||||
| INCOME | FROM CHARITABLE ACTIVITIES | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Activity | |||||||||
| Provision ofsheltered | housing | &.residential | |||||||
| Residents | fees | care | 1,210,654 | 1,687,735 | |||||
| Provision ofsheltered | housing | &,residential | |||||||
| Infection control grants | care | 45,772 | |||||||
| Provision ofsheltered | housing | &residential | |||||||
| Job retention scheme grant |
care | 20,151 | |||||||
| Provision ofsheltered | housing | &residential | |||||||
| Rapid testing grant | care | 6,886 | |||||||
| Provision ofsheltered | housing | &residential | |||||||
| Workforce | capacity grant | care | 632 | ||||||
| 1,284,095 | 1,687,735 | ||||||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||||
| Direct | Support | ||||||||
| Costs (see | costs (see | ||||||||
| note 8) | note 9) | Totals | |||||||
| Provision ofsheltered | housing | & | |||||||
| residential | care | 1,209,796 | 345,264 | 1,555,060 |
| 31.3.21 | 31.3.20 | |||||||
|---|---|---|---|---|---|---|---|---|
| Staffcosts | 665,088 | 618,351 | ||||||
| Rates and | water | 18,563 | 24,361 | |||||
| Insurance | 23,647 | 19,436 | ||||||
| Light and | heat | 56,437 | 62,145 | |||||
| Telephone | 3,346 | 5,449 | ||||||
| Postage and | stationery | 64 | 895 | |||||
| Sundries | 3,689 | 13,442 | ||||||
| Provisions | and household | supplies | 62,069 | 68,967 | ||||
| Catering | 145,576 | 180,593 | ||||||
| Agency staff | 7,973 | 76,730 | ||||||
| Repairs and maintenance | 92,285 | 128,916 | ||||||
| Training | 3.277 | 1,525 | ||||||
| Computer | and soibvare | 4,228 | 4,107 | |||||
| Coronavirus | costs | 73,345 | ||||||
| Infection control grant | costs | 27,605 | ||||||
| Depreciation | 22,604 | 24,707 | ||||||
| 1,209,796 | 1,229,624 | |||||||
| SUPPORT COSTS | ||||||||
| Governance | ||||||||
| Management | Finance | costs | Totals | |||||
| Provision | ofsheltered | housing &residential | ||||||
| care | 317,635 | 1,352 | 26,277 | 345,264 | ||||
| Support costs, included | in | the above, are as | follows: | |||||
| Management | ||||||||
| 31.3.21 | 31.3.20 | |||||||
| Provision | ||||||||
| of | ||||||||
| sheltered | ||||||||
| housing & | ||||||||
| residential | Total | |||||||
| care | activities | |||||||
| Wages | 232,915 | 211,020 | ||||||
| Social security | 14,472 | 16,276 | ||||||
| Pensions | 9,853 | 9,735 | ||||||
| Rent and service charges | 29,478 | 30,464 | ||||||
| Insurance | 1,302 | 1,800 | ||||||
| Telephone | 1,513 | 801 | ||||||
| Postage and | stationery | 7,309 | 8,269 | |||||
| Advertising | 1,175 | 10,102 | ||||||
| Sundries | 1,552 | 4,779 | ||||||
| Computer | expenses | 3,922 | 3,649 | |||||
| Repairs and renewals | 2,287 | 5,568 | ||||||
| Tram mg | 85 | 4,365 | ||||||
| Carried forward | 305,863 | 306,828 |
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Brought forward | 305,863 | 306,828 | |||
| Legal and | professional | fees | 9,136 | 27,858 | |
| Depreciation | oftangible | and heritage assets | 2,636 | 2,928 | |
| 317,635 | 337,614 | ||||
| Finance | |||||
| 31.3.21 | 31.3.20 | ||||
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Bank charges | 1,332 | 1,401 | |||
| Mortgage | 20 | 25 | |||
| 1,352 | 1,426 | ||||
| Governance | costs | ||||
| 31.3.21 | 31.3.20 | ||||
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Auditors' | remuneration | 9,600 | 9,600 | ||
| Affiliation | fees | 16,677 | 18,429 | ||
| 26,277 | 28,029 |
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Auditors' | remuneration | 9,600 | 9,600 |
| Depreciation - owned assets | 25,240 | 27,635 |
| STAFFCOSTS | |||||||
|---|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||||
| Wages and salaries | 835,260 | 774,728 | |||||
| Social security costs | 55,782 | 53,248 | |||||
| Other pension costs | 31,286 | 27,406 | |||||
| 922,328 | 855,382 | ||||||
| The average monthly | number | ofemployees | during the year was as follows: | ||||
| 31.3.21 | 31.3.20 | ||||||
| All houses and head office | 48 | 48 | |||||
| No employees received |
emoluments | in excess off60,000. | |||||
| COMPARATIVES | FORTHE STATEMENT OFFINANCIAL ACTIVITIES | ||||||
| Unrestricted | |||||||
| fund | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
1,907 | ||||||
| Charitable activities |
|||||||
| Provision ofsheltered | housing | Ecresidential | |||||
| care | 1,687,735 | ||||||
| Other trading activities | 1,274 | ||||||
| Investment income |
7,321 | ||||||
| Total | 1,698,237 | ||||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Provision ofsheltered | housing | 0residential | |||||
| care | 1,596,693 |
| 13. | COMPARAT | IVES F | OR THE STATEME | NT OFFINAN | CIAL ACTIVITIE | S - continued | |
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| fund | |||||||
| NET INCOME | 101,544 | ||||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 2,978,651 | |||||
| TOTAL FUNDS CARRIED FORWARD | 3,080,195 | ||||||
| 14. | TANGIBLE | FIXED | ASSETS | ||||
| Social | Fixtures | ||||||
| Freehold | housing | and | |||||
| property | grant | fittings | Totals | ||||
| COST | |||||||
| At l April 2020 and 31March 2021 | 3,683,034 | (1,440,897) | 563,006 | 2,805,143 | |||
| DEPRECIATION | |||||||
| At l April 2020 | 388,061 | 347,436 | 735,497 | ||||
| Charge for year | 3,683 | 21,557 | 25,240 | ||||
| At 31March | 2021 | 391,744 | 368,993 | 760,737 | |||
| NET BOOK | VALUE | ||||||
| At 31March | 2021 | 3,291,290 | (1,440,897) | 194,013 | 2,044,406 | ||
| At 31March | 2020 | 3,294,973 | (1,440,897) | 215,570 | 2,069,646 | ||
| 15. | DEBTORS: | AMOUNTS FALLING DUE | WITHIN ONE | YEAR | |||
| 31.3.21 | 31.3.20 | ||||||
| Trade debtors | 3,900 | 3,806 | |||||
| Prepayments | and accrued income | 43,392 | 32,918 | ||||
| 47,292 | 36,724 |
| 16. | CREDITORS: AMOUNTS FALLING DUK WITHIN ON | K YEAR | ||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Bank loans and overdrafts (see note 17) | 403 | 503 | ||
| Trade creditors | 30,819 | 14,463 | ||
| Accruals and deferred income | 32,361 | 92,748 | ||
| 63,583 | 107,714 | |||
| 17. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 31.3.21 | 31.3.20 | |||
| Amounts falling due within one year on demand: |
||||
| Bank overdrafts | 403 | 503 | ||
| 18. | ANALYSIS OF NKT ASSETSBETWEEN FUNDS | |||
| 31.3.21 | 31.3.20 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Fixed assets | 2,044,406 | 2,069,646 | ||
| Current assets | 814,601 | 1,118,263 | ||
| Current liabilities | (63,583) | (107,714) | ||
| 2,795,424 | 3,080,195 | |||
| 19. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| Unrestricted funds |
||||
| General fund | 3,0S0,195 | (284,771) | 2,795,424 | |
| Restricted funds | ||||
| Infection Control Grant | 18,167 | 18,167 | ||
| Workforce Capacity Grant | 632 | 632 | ||
| 18,799 | 18,799 | |||
| TOTAL FUNDS | 3,080,195 | (265,972) | 2,814,223 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 1,235,798 | (1,520,569) | (284,771) | |||
| Restricted funds |
||||||
| Infection Control Grant | 45,772 | (27,605) | 18,167 | |||
| Workforce Capacity Grant | 632 | 632 | ||||
| Rapid Testing | Grant | 6,886 | (6,886) | |||
| 53,290 | (34,491) | 18,799 | ||||
| TOTAL FUNDS | 1,289,088 | (1,555,060) | (265,972) | |||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.4.19 | in funds | 31.3.20 | ||||
| Unrestricted | funds | |||||
| General fund | 2,978,651 | 101,544 | 3,080,195 | |||
| TOTAL FUNDS | 2,978,651 | 101,544 | 3,080,195 | |||
| Comparative | net movement | in | funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 1,698,237 | (1,596,693) | 101,544 | |||
| TOTAL FUNDS | 1,698,237 | (1,596,693) | 101,544 |
| THE A | BBEYFIELDSOUTHEND SOCIETY LIMITE | D | ||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| for the Year Ended 31March 2021 | ||||
| 31.3.21 | 31.3.20 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 420 | 1,907 | ||
| Other trading activities |
||||
| Fundraising events |
90 | 1,274 | ||
| Investment income |
||||
| Deposit account interest | 4,483 | 7,321 | ||
| Charitable activities |
||||
| Residents fees | 1,210,654 | 1,687,735 | ||
| Infection control grants | 45,772 | |||
| Job retention scheme grant |
20,151 | |||
| Rapid testing grant | 6,886 | |||
| Workforce capacity grant | 632 | |||
| 1,284,095 | 1,687,735 | |||
| Total incoming resources |
1,289,088 | 1,698,237 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 602,345 | 563,708 | ||
| Social security | 41,310 | 36,972 | ||
| Pensions | 21,433 | 17,671 | ||
| Rates and water | 18,563 | 24,361 | ||
| Insurance | 23,647 | 19,436 | ||
| Light and heat | 56,437 | 62,145 | ||
| Telephone | 3,346 | 5,449 | ||
| Postage and stationery | 64 | 895 | ||
| Sundries | 3,689 | 13,442 | ||
| Provisions and household |
supplies | 62,069 | 68,967 | |
| Catering | 145,576 | 180,593 | ||
| Agency staff | 7,973 | 76,730 | ||
| Repairs and maintenance | 92,285 | 128,916 | ||
| Training | 3/277 | 1,525 | ||
| Computer and software |
4,228 | 4,107 | ||
| Coronavirus costs |
73,345 | |||
| Infection control grant costs | 27,605 | |||
| Depreciation oftangible fixed assets | 22,604 | 24,707 | ||
| 1,209,796 | 1,229,624 | |||
| Support costs | ||||
| Management | ||||
| Wages | 232,915 | 211,020 | ||
| Carried forward | 232,915 | 211,020 |
| for the Year Ended 31March 2021 | ||||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Management | ||||
| Brought forward | 232,915 | 211,020 | ||
| Social security | 14,472 | 16,276 | ||
| Pensions | 9,853 | 9,735 | ||
| Rent and service charges | 29,478 | 30,464 | ||
| Insurance | 1,302 | 1,800 | ||
| Telephone | 1,513 | 801 | ||
| Postage and stationery | 7,309 | 8,269 | ||
| Advertising | 1,175 | 10,102 | ||
| Sundries | 1,552 | 4,779 | ||
| Computer expenses |
3,922 | 3,649 | ||
| Repairs and renewals | 2,287 | 5,568 | ||
| Training | 85 | 4,365 | ||
| Legal and professional | fees | 9,136 | 27,858 | |
| Depreciation - fixtures | and fittings | 2,636 | 2,928 | |
| 317,635 | 337,614 | |||
| Finance | ||||
| Bank charges | 1,332 | 1,401 | ||
| Mortgage | 20 | 25 | ||
| 1,352 | 1,426 | |||
| Governance costs |
||||
| Auditors' remuneration |
9,600 | 9,600 | ||
| Affiliation fees |
16,677 | 18,429 | ||
| 26,277 | 28,029 | |||
| Total resources expended | 1,555,060 | 1,596,693 | ||
| Net (expenditure)/income | (265,972) | 101,544 |
| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 | |
| Report ofthe Independent Auditors |
8 | to | 11 | |
| Statement ofFinancial Activities | 12 | |||
| Statement ofFinancial Position | ||||
| Statement ofCash Flows | 14 | |||
| Notes to the Statement ofCash Flows | 15 | |||
| Notes to the Financial Statements | 16 | to | 24 | |
| Detailed Statement ofFinancial | Activities | 25 | to | 26 |
| fo | r the | Year En | ded 31March | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | ||||||||
| INCOME | AND ENDOWMENTS FROM | |||||||
| Donations | and legacies | 420 | 420 | 1,907 | ||||
| Charitable | activities | 6 | ||||||
| Provision | ofsheltered | housing &residential | care | 1,230,805 | 53,290 | 1,284,095 | 1,687,735 | |
| Other trading activities | 90 | 90 | 1,274 | |||||
| Investment | income | 4,483 | 4,483 | 7,321 | ||||
| Total | 1,235,798 | 53,290 | 1,289,088 | 1,698,237 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | 7 | ||||||
| Provision | ofsheltered | housing &residential | care | 1,520,569 | 34,491 | 1,555,060 | 1,596,693 | |
| NET INCOME/(EXPENDITURE) | (284,771) | 18,799 | (265,972) | 101,544 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 3,080,195 | 3,080,195 | 2,978,651 | ||||
| TOTAL FUNDS CARRIED FORWARD | 2,795,424 | 18,799 | 2,814,223 | 3,080,195 |
| Statement ofFinancial Position | |||
|---|---|---|---|
| 31March 2021 | |||
| 31.3.21 | 31.3.20 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 2,044,406 | 2,069,646 | |
| CURRENT ASSETS | |||
| Debtors | 15 | 47,292 | 36,724 |
| Cash at bank and in hand | 786,108 | 1,081,539 | |
| 833,400 | 1,118,263 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (63,583) | (107,714) |
| NET CURRENT ASSETS | 769,817 | 1,010,549 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 2,814,223 | 3,080,195 | |
| NET ASSETS | 2,814,223 | 3,080,195 | |
| FUNDS | 19 | ||
| Unrestricted funds |
2,795,424 | 3,080,195 | |
| Restricted funds | 18,799 | ||
| TOTAL FUNDS | 2,814,223 | 3,080,195 |
| Statement ofC for the Year Ended |
ash Flows 31March 2021 |
||||
|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
(299,794) | 178,716 | |||
| Interest paid | (20) | (2~) | |||
| Net cash (used in)/provided | by operating | activities | (299,814) | 178,691 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets | (208,904) | ||||
| Interest received | 4,483 | 7321 | |||
| Net cash provided by/(used |
in) investing | activities | 4,483 | (201,583) | |
| Change in cash and cash equivalents | in | ||||
| the reporting period |
(295,331) | (22,892) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting | period | 1,081,036 | 1,103,928 | ||
| Cash and cash equivalents | at the end | of | |||
| the reporting period |
785,705 | 1,081,036 |
| OPERATING AC | TIVITI | ES | |||||
|---|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||||
| Net (expenditure)/income | for the reporting | period (as per the | |||||
| Statement ofFinancial Activities) | (265,972) | 101,544 | |||||
| Adjustments for: |
|||||||
| Depreciation charges |
25,240 | 27,635 | |||||
| Interest received | (4,483) | (7,321) | |||||
| Interest paid | 20 | 25 | |||||
| Increase in debtors | (10,568) | (5,084) | |||||
| (Decrease)/increase | in creditors | (44,031) | 61,917 | ||||
| Net cash (used in)/provided | by operations | (299,794) | 178,716 | ||||
| ANALYSIS OF CASH AND CASH EQUIVALENTS | |||||||
| 31.3.21 | 31.3.20 | ||||||
| Cash in hand | 439 | 2,218 | |||||
| Notice deposits (less than 3 | months) | 785,669 | 1,079,321 | ||||
| Overdrafts included |
in bank | loans and overdrafts | falling due within | one year | (403) | (503) | |
| Total cash and cash | equivalents | 785,705 | 1,081,036 | ||||
| ANALYSIS OF CHANGES IN NET FUNDS | |||||||
| At 1.4.20 | Cash flow | At31.3.21 | |||||
| Net cash | |||||||
| Cash at bank and in | hand | 1,081,539 | (295,431) | 786,108 | |||
| Bank overdraft | (503) | 100 | (403) | ||||
| 1,081,036 | (295,331) | 785,705 | |||||
| Total | 1,081,036 | (295431) | 785,705 |
| 3. | DONATIONS | AND LEGACIES | |||||||
| 31.3.21 | 31.3.20 | ||||||||
| Donations | 420 | 1,907 | |||||||
| 4. | OTHER TRADING ACTIVITIES | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Fundraising | events | 90 | 1,274 | ||||||
| 5. | INVESTMENT INCOME | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Deposit account | interest | 4,483 | 7,321 | ||||||
| INCOME | FROM CHARITABLE ACTIVITIES | ||||||||
| 31.3.21 | 31.3.20 | ||||||||
| Activity | |||||||||
| Provision ofsheltered | housing | &.residential | |||||||
| Residents | fees | care | 1,210,654 | 1,687,735 | |||||
| Provision ofsheltered | housing | &,residential | |||||||
| Infection control grants | care | 45,772 | |||||||
| Provision ofsheltered | housing | &residential | |||||||
| Job retention scheme grant |
care | 20,151 | |||||||
| Provision ofsheltered | housing | &residential | |||||||
| Rapid testing grant | care | 6,886 | |||||||
| Provision ofsheltered | housing | &residential | |||||||
| Workforce | capacity grant | care | 632 | ||||||
| 1,284,095 | 1,687,735 | ||||||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||||
| Direct | Support | ||||||||
| Costs (see | costs (see | ||||||||
| note 8) | note 9) | Totals | |||||||
| Provision ofsheltered | housing | & | |||||||
| residential | care | 1,209,796 | 345,264 | 1,555,060 |
| 31.3.21 | 31.3.20 | |||||||
|---|---|---|---|---|---|---|---|---|
| Staffcosts | 665,088 | 618,351 | ||||||
| Rates and | water | 18,563 | 24,361 | |||||
| Insurance | 23,647 | 19,436 | ||||||
| Light and | heat | 56,437 | 62,145 | |||||
| Telephone | 3,346 | 5,449 | ||||||
| Postage and | stationery | 64 | 895 | |||||
| Sundries | 3,689 | 13,442 | ||||||
| Provisions | and household | supplies | 62,069 | 68,967 | ||||
| Catering | 145,576 | 180,593 | ||||||
| Agency staff | 7,973 | 76,730 | ||||||
| Repairs and maintenance | 92,285 | 128,916 | ||||||
| Training | 3.277 | 1,525 | ||||||
| Computer | and soibvare | 4,228 | 4,107 | |||||
| Coronavirus | costs | 73,345 | ||||||
| Infection control grant | costs | 27,605 | ||||||
| Depreciation | 22,604 | 24,707 | ||||||
| 1,209,796 | 1,229,624 | |||||||
| SUPPORT COSTS | ||||||||
| Governance | ||||||||
| Management | Finance | costs | Totals | |||||
| Provision | ofsheltered | housing &residential | ||||||
| care | 317,635 | 1,352 | 26,277 | 345,264 | ||||
| Support costs, included | in | the above, are as | follows: | |||||
| Management | ||||||||
| 31.3.21 | 31.3.20 | |||||||
| Provision | ||||||||
| of | ||||||||
| sheltered | ||||||||
| housing & | ||||||||
| residential | Total | |||||||
| care | activities | |||||||
| Wages | 232,915 | 211,020 | ||||||
| Social security | 14,472 | 16,276 | ||||||
| Pensions | 9,853 | 9,735 | ||||||
| Rent and service charges | 29,478 | 30,464 | ||||||
| Insurance | 1,302 | 1,800 | ||||||
| Telephone | 1,513 | 801 | ||||||
| Postage and | stationery | 7,309 | 8,269 | |||||
| Advertising | 1,175 | 10,102 | ||||||
| Sundries | 1,552 | 4,779 | ||||||
| Computer | expenses | 3,922 | 3,649 | |||||
| Repairs and renewals | 2,287 | 5,568 | ||||||
| Tram mg | 85 | 4,365 | ||||||
| Carried forward | 305,863 | 306,828 |
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Brought forward | 305,863 | 306,828 | |||
| Legal and | professional | fees | 9,136 | 27,858 | |
| Depreciation | oftangible | and heritage assets | 2,636 | 2,928 | |
| 317,635 | 337,614 | ||||
| Finance | |||||
| 31.3.21 | 31.3.20 | ||||
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Bank charges | 1,332 | 1,401 | |||
| Mortgage | 20 | 25 | |||
| 1,352 | 1,426 | ||||
| Governance | costs | ||||
| 31.3.21 | 31.3.20 | ||||
| Provision | |||||
| of | |||||
| sheltered | |||||
| housing & | |||||
| residential | Total | ||||
| care | activities | ||||
| Auditors' | remuneration | 9,600 | 9,600 | ||
| Affiliation | fees | 16,677 | 18,429 | ||
| 26,277 | 28,029 |
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Auditors' | remuneration | 9,600 | 9,600 |
| Depreciation - owned assets | 25,240 | 27,635 |
| STAFFCOSTS | |||||||
|---|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | ||||||
| Wages and salaries | 835,260 | 774,728 | |||||
| Social security costs | 55,782 | 53,248 | |||||
| Other pension costs | 31,286 | 27,406 | |||||
| 922,328 | 855,382 | ||||||
| The average monthly | number | ofemployees | during the year was as follows: | ||||
| 31.3.21 | 31.3.20 | ||||||
| All houses and head office | 48 | 48 | |||||
| No employees received |
emoluments | in excess off60,000. | |||||
| COMPARATIVES | FORTHE STATEMENT OFFINANCIAL ACTIVITIES | ||||||
| Unrestricted | |||||||
| fund | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
1,907 | ||||||
| Charitable activities |
|||||||
| Provision ofsheltered | housing | Ecresidential | |||||
| care | 1,687,735 | ||||||
| Other trading activities | 1,274 | ||||||
| Investment income |
7,321 | ||||||
| Total | 1,698,237 | ||||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Provision ofsheltered | housing | 0residential | |||||
| care | 1,596,693 |
| 13. | COMPARAT | IVES F | OR THE STATEME | NT OFFINAN | CIAL ACTIVITIE | S - continued | |
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| fund | |||||||
| NET INCOME | 101,544 | ||||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 2,978,651 | |||||
| TOTAL FUNDS CARRIED FORWARD | 3,080,195 | ||||||
| 14. | TANGIBLE | FIXED | ASSETS | ||||
| Social | Fixtures | ||||||
| Freehold | housing | and | |||||
| property | grant | fittings | Totals | ||||
| COST | |||||||
| At l April 2020 and 31March 2021 | 3,683,034 | (1,440,897) | 563,006 | 2,805,143 | |||
| DEPRECIATION | |||||||
| At l April 2020 | 388,061 | 347,436 | 735,497 | ||||
| Charge for year | 3,683 | 21,557 | 25,240 | ||||
| At 31March | 2021 | 391,744 | 368,993 | 760,737 | |||
| NET BOOK | VALUE | ||||||
| At 31March | 2021 | 3,291,290 | (1,440,897) | 194,013 | 2,044,406 | ||
| At 31March | 2020 | 3,294,973 | (1,440,897) | 215,570 | 2,069,646 | ||
| 15. | DEBTORS: | AMOUNTS FALLING DUE | WITHIN ONE | YEAR | |||
| 31.3.21 | 31.3.20 | ||||||
| Trade debtors | 3,900 | 3,806 | |||||
| Prepayments | and accrued income | 43,392 | 32,918 | ||||
| 47,292 | 36,724 |
| 16. | CREDITORS: AMOUNTS FALLING DUK WITHIN ON | K YEAR | ||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Bank loans and overdrafts (see note 17) | 403 | 503 | ||
| Trade creditors | 30,819 | 14,463 | ||
| Accruals and deferred income | 32,361 | 92,748 | ||
| 63,583 | 107,714 | |||
| 17. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 31.3.21 | 31.3.20 | |||
| Amounts falling due within one year on demand: |
||||
| Bank overdrafts | 403 | 503 | ||
| 18. | ANALYSIS OF NKT ASSETSBETWEEN FUNDS | |||
| 31.3.21 | 31.3.20 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Fixed assets | 2,044,406 | 2,069,646 | ||
| Current assets | 814,601 | 1,118,263 | ||
| Current liabilities | (63,583) | (107,714) | ||
| 2,795,424 | 3,080,195 | |||
| 19. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| Unrestricted funds |
||||
| General fund | 3,0S0,195 | (284,771) | 2,795,424 | |
| Restricted funds | ||||
| Infection Control Grant | 18,167 | 18,167 | ||
| Workforce Capacity Grant | 632 | 632 | ||
| 18,799 | 18,799 | |||
| TOTAL FUNDS | 3,080,195 | (265,972) | 2,814,223 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 1,235,798 | (1,520,569) | (284,771) | |||
| Restricted funds |
||||||
| Infection Control Grant | 45,772 | (27,605) | 18,167 | |||
| Workforce Capacity Grant | 632 | 632 | ||||
| Rapid Testing | Grant | 6,886 | (6,886) | |||
| 53,290 | (34,491) | 18,799 | ||||
| TOTAL FUNDS | 1,289,088 | (1,555,060) | (265,972) | |||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.4.19 | in funds | 31.3.20 | ||||
| Unrestricted | funds | |||||
| General fund | 2,978,651 | 101,544 | 3,080,195 | |||
| TOTAL FUNDS | 2,978,651 | 101,544 | 3,080,195 | |||
| Comparative | net movement | in | funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 1,698,237 | (1,596,693) | 101,544 | |||
| TOTAL FUNDS | 1,698,237 | (1,596,693) | 101,544 |
| THE A | BBEYFIELDSOUTHEND SOCIETY LIMITE | D | ||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| for the Year Ended 31March 2021 | ||||
| 31.3.21 | 31.3.20 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Donations | 420 | 1,907 | ||
| Other trading activities |
||||
| Fundraising events |
90 | 1,274 | ||
| Investment income |
||||
| Deposit account interest | 4,483 | 7,321 | ||
| Charitable activities |
||||
| Residents fees | 1,210,654 | 1,687,735 | ||
| Infection control grants | 45,772 | |||
| Job retention scheme grant |
20,151 | |||
| Rapid testing grant | 6,886 | |||
| Workforce capacity grant | 632 | |||
| 1,284,095 | 1,687,735 | |||
| Total incoming resources |
1,289,088 | 1,698,237 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 602,345 | 563,708 | ||
| Social security | 41,310 | 36,972 | ||
| Pensions | 21,433 | 17,671 | ||
| Rates and water | 18,563 | 24,361 | ||
| Insurance | 23,647 | 19,436 | ||
| Light and heat | 56,437 | 62,145 | ||
| Telephone | 3,346 | 5,449 | ||
| Postage and stationery | 64 | 895 | ||
| Sundries | 3,689 | 13,442 | ||
| Provisions and household |
supplies | 62,069 | 68,967 | |
| Catering | 145,576 | 180,593 | ||
| Agency staff | 7,973 | 76,730 | ||
| Repairs and maintenance | 92,285 | 128,916 | ||
| Training | 3/277 | 1,525 | ||
| Computer and software |
4,228 | 4,107 | ||
| Coronavirus costs |
73,345 | |||
| Infection control grant costs | 27,605 | |||
| Depreciation oftangible fixed assets | 22,604 | 24,707 | ||
| 1,209,796 | 1,229,624 | |||
| Support costs | ||||
| Management | ||||
| Wages | 232,915 | 211,020 | ||
| Carried forward | 232,915 | 211,020 |
| for the Year Ended 31March 2021 | ||||
|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||
| Management | ||||
| Brought forward | 232,915 | 211,020 | ||
| Social security | 14,472 | 16,276 | ||
| Pensions | 9,853 | 9,735 | ||
| Rent and service charges | 29,478 | 30,464 | ||
| Insurance | 1,302 | 1,800 | ||
| Telephone | 1,513 | 801 | ||
| Postage and stationery | 7,309 | 8,269 | ||
| Advertising | 1,175 | 10,102 | ||
| Sundries | 1,552 | 4,779 | ||
| Computer expenses |
3,922 | 3,649 | ||
| Repairs and renewals | 2,287 | 5,568 | ||
| Training | 85 | 4,365 | ||
| Legal and professional | fees | 9,136 | 27,858 | |
| Depreciation - fixtures | and fittings | 2,636 | 2,928 | |
| 317,635 | 337,614 | |||
| Finance | ||||
| Bank charges | 1,332 | 1,401 | ||
| Mortgage | 20 | 25 | ||
| 1,352 | 1,426 | |||
| Governance costs |
||||
| Auditors' remuneration |
9,600 | 9,600 | ||
| Affiliation fees |
16,677 | 18,429 | ||
| 26,277 | 28,029 | |||
| Total resources expended | 1,555,060 | 1,596,693 | ||
| Net (expenditure)/income | (265,972) | 101,544 |