Reglstered numbfjr: (10989820 Charlty number. 261726 PURLEY PARK TRUST LIMITED (A company limited by guarantee) GOVERNORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 PURLEY PARK TRUST UMITED {A cofflpany limited by guarartteal Page Reference and admlnlstratlve detalls of the Charlty, tts Govemorn and advlser8 Chairman's statement Govemors, report Independent audIt0￿. r•port on the financial statements Statement of financlal actlvltles 5-14 15-17 18 8alance sheet 19 Stat•mènt of cash Ilows 20 Not8S to tho financlal statements 21-36 The foll￿1ng pages do not fom) part of the Statu1￿y￿nan¢J￿ statwnents: Chaiity Detailed income and •xpendithre account and summaries PURLEY PARK TRUST UMITED {A company limited by guarnnte8) REFERENCE AND ADNINISTRATIVE ￿AlLs OF THE CHARI￿. rrs GOVERNORS AND AOVISERS FOR THE YEAR ENDED 31 MARCH 2022 Govemors Mr S R Barslow, chai￿nan Mrs A CUl￿m0r&Todd Mr L D Jones OBE FCCA Miss R Keeling S Robinson Mr C Trickey Mrs S Vand8rsta8n Govemors, are Trustees, are appointed by the existing GovemcY5 and confimed al the Annual GeneTal Meeting. They serve for a term of three years. Wh￿ they may sthmit themselves for re*le¢tion. The Chaim)an is elected by the Govemors and may save as Chamwn for no more than iwo cxJnsa(xrtive terms. Company reglstared numbgr 00989820 Charlty rnglstarad numl 261726 Registered offi¢e Purfey Park Trtsst, 12 Huckleb￿ Clctse. Purfwrt-Th•nes. ReadirvJ. Bthshire, RG8 8EH Company secretary MrLC Grady Sentor management team L￿ry Grady. Chief Executive OffKef Karen Ta￿Or, Head of Finance & Resources Debbie IkKay, Training & Develcymenl Mar Independent audltors Jam85 Kreslon, Reaithng Bridge H￿jSe. Gwxge StreeL Reading, Berkshire, RG1 8LS Bankers National Westminster Bank Pk, 74 School Road. r￿urS( Readwwj. Berkshire, RG315ST Solicltors Fidd Se￿r Parke5, 1 Londcffl Stred. Reading. Berkshire, RG14QW Paye 1 PURLEY PARK TRUST UMrrED {A company limited by guarnntee) CHAJRhlAKS STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 The chairman presents his statemenl for lh8 YW. As *Ay51 must begin thls report by not•7g Ihe inwnense prhje I have lli the way that my felknv Trustees and the offKers and staff of the Trust faced and ￿Sp￿￿d to the challerues of the lasl year, nol least the ongoing Covid isis. Thera is sla much lo leam and an aFpreaative revhy ofwhal went and vthat we might have done differenlty is undeNMy. HrAvever. l am tsased to say that the res*ence that the Trust has shw over the last year empha5i5es the benefi15 gained through a numbw of our lry tem ams. the firsl Nvo of W1￿h are taken direcdy from our Business Cortinuity Plan.. We y￿11 organise (￿r actiNities in that support sustainabiffty, buikj resiT*nce and intagrate ￿arning. We believe that this is most effectw long term preparation for potential crises. We vthl rewew our respo￿ to crises aF¥YeUab￿. so thaiwe knN vthat we nee(1 to do differentty In future. More than anything though, l think that the exhaustive work we have dor￿ to promote excellent Kirf(ing culture, trust and a shared set of wal¢Jes has been luly vindicaled in Ihe way that everybody responded over the last year. 11 15 very diff￿Lth to be confidenl in such a ￿lthY charYJiNJ gtuabon ￿ere risks are so uncertain. What have managed to Create is a Culture in v4hich we have confNJence in each oiher, to do our jobs wdl. to support each other, lo be honest wilh each other, to cetebrate Succe￿ together and aCknOw￿ge when we could have done b*r. It would be wrong to out any or gr￿P of pecple for speck41 praise. However, I musl again acknovledge the Part￿ulaT tyjrden CaTried by our ser¥ire Managers throughoLrt the Coronavirus pandemic. On a day to day basis they have had lo manage and surwl the fears and uncertaintses of colleagLJes, people we supporL famili85 and other slakehcldeps wl4le maing sure thing5 and people are safe. They have also done an excelent Job of balancing the varied and ¢orylex dlemmas relating lo personal and collective safety and the rights oftl* pecyle suppjrt to do ￿81 tlwww l appreciate that peDple reathTr3 this repui mYJht be expedlng mcffe attenl*)n lo facts and r￿uTeS cl the financid ￿. so I will move to those. l am pleased that in this financwl year, ¢Jespile al Lf the challenges. we have eonhnued to grcm our seNices in a suslainable m￿ner ar￿ extend our reputstA)n for providing serwices of vary huh qualty. We have been able continue tsjr eonsideraÈ4e In￿stment in Thw(Mng arNJ mawitainng the qu*y of our established seNice$. In partiCLlar we hav8 continued to acquire new prcpeities for our 5UPPOrted Imng semce. and we have been able lo do so by recourse to ourcontinuing heahy suwus arKI dipptng into ¢)ur ￿seNeS The demand for our services is very htgh and refiects our swnd repJtation with commissioniryJ auihorities and popularity people that use our sentice5 arKI ther families. Almosi al of our referr* are stil genwated tty￿gh vKrfd of m(xrth raccffimendations and this apprO￿h matd)es our ¥isicm and values: the people we support continLJe to be our mawi priority and focus. which musl be reflected kn htjw we prioritise our rescvrces and investments. Our core focus shoukl be on providing excellent support for them and Ifwe get Ihls rYJhl. there is lrttle need lo invest in mat*eling and advertising. We think thi5 is an ethical way lo proceed and it aiso promote5 a cuhure of efficiency {in tern￿ of direding our resources towards things that directly olale to the people we supp￿1 and avoidwlg unnecessary expense that is not related lo this core c4"e¢kn). Our reputation for prowding seTrices of a ￿ high quality is aso supported by Ihe approath of our regulators throughout the year. Our approach to regulatim) demcfflstrates the neceSs￿Y of meeting al compliance raquiremen15. on￿ Ihis is estsblished. we awn to focv5 on what i8 right for each of the people we support,. wh18 we welcome feedbxk fffjm any s(￿l¢e * arn to f¢XUS mc*e ¢M the pecrAe we support than chasing ratings, awards and plaudits. Page 2 PURLEY PARK TRUST LIMITED (A company limried by guarnnte•l CHAIRPIAPIS STATEhENT (CONTINUED) FOR THE YEAR ENDED 31 PAARCH 2022 W8 have continued to r8c8rrfe referrals for Care Hcrfne5 SeThTrces. Supptxted Living services, Domiciliary Care and Day Seryices at a steady rate and we ￿li￿pate that this trend wtll continue. We will continue to develop new seryices in the foFlh¢offing year in b'ne wth our ccrfnmitment to en*le wple with loca connections lo get the support they need wihin the communty thal they are p*t of armfj also offer support lo other people who have not been able to get the SUFPOrt they ne&J elsewhe￿ In partTrcular and foll￿1ng a reviww of our response to the Coronawru5 pandemic we are continuing lo re-des*3n our day 5ervice5 Many of the adverse factors that have been rep￿ted recent Jears seem likety to present SwJnff￿anlty harder challenges as the country emerges from the paThJemic aNI BrexiL' The continued financAd pressures upon LOCA Authcts arKI cAher agencies that purchase our seNice$. which seem likely to be seveTe for the foreseeab￿ fLrture the cost ol maintairong the Staff and support system5 needed to meet the increasiThJty cixnplex needs of people that are bwng ￿fer￿￿ to LLS the cost oftraining and sutwt lo ￿re wr staff have the necessary skills, kno¥Aedge and ¢ommitmenl to our w￿lOn and Vaues continued investnEnl in ourcurrent services to ensure they continue to pro)nJe a safe. comfortable and pleasant enwronment the develq)ment of ne•V. bespd(e. that are d¥ned arOUr￿ the neets ofpeople we already support orwho cannot find the support they need elS￿ere In particular, the critical shortage of staff in the wdei so(ial care se£tor and the many factors Ihat are likely lo make this V*Drse I musl emphasise the ￿tal Wnp0rtar￿ ol a skilled and nv)tivaW }KI￿(0rce and healthy organisalional culture to the success of our chaity. staff and Managers are the mosl iTrwortant factor in detennining the qualty of the seNices we prowde and we woth hard lo devek)p a culture and enmronmenl in which they feel valued and are emp¢Y•vered lo use th*r sklls aNI initiali4e Our ¢*jectives for the coming year rellecl the rec￿1 SEar5 wKILvJe: Engaging with (￿r partner agencies to ensure that our 5ervKe5 conbnu8 to rne8t ther commissioning Continuing lo invest in inThJvatr4e wa5S to the independence and safety ofthe pecple we support Increasing the effectiveness of support and coxhing aya￿able lo our staff teams Ensuring that we have a clear'career progression. ladder that prorTh)te5 Staff d8velDpmen( molNat8s talented staff to wth the TFUSI enhan￿ our succession planning Developing the support systems necessary for SLyporting people V+ilh very complex needs Continuing to devofve decision making. Within a dear strategy and wsion for the Trust, most decision$ should be made as close lo. and ￿lh as ffll￿h involvement ol, the people W￿ support as possible. Progressing our plans to re41evelop some of our Care Hcthes lo wtsure that the accommdation we promde can continue to meet the needs of the people we support Engaging effectively with our communty in ways that benefrt the peaple we support ContirbUiThJ lo invest in leadership development and iniiiatNes that develop and sustsin a W0￿fOrCe that 1$ engaged wrth the pecple we Supp￿ and our vish￿ and values Developing use of'Appreaaive' approxhes that en1)￿rage posilive change within the organisation and in peoples, live& Maintaining and developing a recruilment strte9y that ￿su￿$ we can continue to attract people with the right values, skills and commitment. Continuing lo rank anong the most efficiwrtly xmxal care organisations so that we pThide ex¢ellent value for M(￿eY and ensure that our resources are fcAxtssed on the peCY￿ VR 5UPPOrt We have aways sought to attr* arKI retan the best staff through payThJ competitiv8 sa￿rIeS and by ensuring that th8 Trust is a great place lo worL In the c¢yning yearwe will continue to"be￿hmark. salaries at aN levels of the organisalion lo ensure Ihat they we wilhin the top tw per cent of salaries in our area for comparable roles. In view ol how low $al￿eS are in SOCA81 care when cw)ared ￿th other loms of emph)yment, we are aware that in terms of faimess and competibveness we may also need to benchmark against 5killad roles outside social care am￿0Yrnent. as w811. Page 3 PURLEY PARK TRUST LIPATED (A company lknlted by guarantee) CHAIRMAN'S STATEIAENT ICONTINUED) FOR ThE YEAR ENDED 31 MARCH 2022 H(JMever. a p&ticJJl8r and very serious chalenge is the cost of liv#ig uisis and ihe great difftLltywe will have in keeping our salaries competitive. beaTmg in mirKI the partKular reslrainls on us beuig able to incEa5e sakries lo match the rate of innalwjn. In Ihts respe¢t. we a￿ very much at the mercy of OUT Local Authorly d*nts and their Ilingness lar nat} lo agree fee rKreases which at least partN*ly matth the rale of Infl&"orL The proper govemance of the Trust conlnues to be a hNJh priorty for my felcpw G0vem0￿ and l.. the Trust is very lucky to have such a ¢ommrtted and skAled gr￿P of Trustees I thank them for their wholehearted swrL Finally. I woutd like to thank al of the s12ff at Puty Park Trust for their contin￿￿ d&jicatiC￿. hard Work and the very real drference they make lo the Ir￿S cl the peoF4e we support. and I would again particularty h'ke to thank my chief execulive for his eXCepti¢￿al effort and abilty tTh¥ards en$uring the g￿al success of the semce we prowde.. Stephen Bar5toAf Chaimwn Date.. 2 7 Page 4 PURLEY PARK TRUST UMITED (A company limiled by guarnntee GOVERNORS. REpoirr FOR THE YEAR ENDED 31 AIARCH 2022 The Gownors I￿0 are also the direetots of the charity thg purposes of the Corryanies Act) pwent the 8nnual re￿rt t¢YJ81her with the audrted finarKial statements of Purfey Park Trust Llmiled (the tharity) for the year ended 31sl March 2021 The Govem(Ks confimi Ihat the Annual report and financial statements of the charity comply wlh the Current slalulory requirements . the requirements of the charity5 goveming document and the prowisions of the Statement of Recommended Pra(the (SORP), applicable to chaiities preparing their accounts in accordance the Financial ReFMNting StWKlard wjpI￿?b1e in the UK and Republic of Ireland {FRS 1021, effective January 1st 2019. Objectives and Acti¥itse5 Char5talAe oblects The Go*mors. a5 Trustee5 of the Charty. ThMndfrJl ofthe Charity Coffmissic*)'s guidaKe ￿ 'Pthlb¢ Benefft. are satisfied that the Memorandum fulThs the Ult￿la and that the activi￿5 of the Trust are wholly and exclusive￿ for the publ￿ benefL All the beneficiaries of the Trnst's awns 8nd ￿ti￿￿'e$ are people with a leaming disabilty (In many cases other lorms of disabiffity) ty (ther cognitNe impainnenL who are unable to live fvlty independentty. HCAV much support people nee(I, arKI hcml they wsh this lo be promded. is a very indwidual matter but all need help with some ￿ al aspects of their daily lives.. empo￿￿ring and enabling them lo ￿a￿ rewardlrwJ and fLdfilling Ives is funda))ental to the TrusV$ values. What w• aim to do To prowde safe. comflytsble hcffles wilh le*ning dis*Jilif*s who are Lnable ta lead fulty independent lives. To make sure that people are in healttw e￿w￿rnents that refieci Iheir needs and wishas. When people are sharing Iheir accommc*dation. we ￿￿TrI do wha￿we can lo make sure that people like and gei on vAlh the people they share w*h. To V￿rk wth each ofthe people we SLPPOrt to m*e sure we are clearlthat SUN)￿1 Ihey need and how theywanl it to be pTovided. To work wth each of Ihe peopte we to make sure that we krw vthat 15 Ury)ortant to them and make sure Ihose Ihiigs happen To trAJild excellent relationship5 wlh each pewn we SUPPDrt and, where apprcyriate. help maintain cirdes of suppjrt around them, induding the people that are most inportant lo them To make SU￿ that people are s￿)pc￿e0 to make the decisi￿¥ that affect their INes and. where they are not able lo do so. that decision$ we based UP￿ what those Ihal care about them think they woukl have made To support people to ￿￿enIfy achi￿ dw)ges that they want to make in their I￿￿$ Our Vlslon We be kn¢xn for ¢yJr nlegrity, our passion and our commilment to getting thing5 rvJhl for each person we support OurValu•s Every￿￿ Counts- we vrill Supp(￿ ea¢h otherio m*e thi5 a great place lo worft and challenge each other lo make Ihlngs beller Respect and Wnty-we show care, c(xN)assM)n ￿ respect in evwttmng wa do and say Commitment lo QuaEity of Life-we wli I be pas￿￿14 deJJ[e*￿ and deternined to do an excellentjob. We vrill tell each otherwhen things go realy wel. Working TOgeth￿- We 5triv8 to improve what ￿ do. We wll buikd partn￿lIpS and work togetherto make thing$ better. Compassion-wè will ￿sten. understa)d ald so th8twe can support people ￿ the way that works best for IherrL We wim never f(Ygel that the rea50n we are h8re Is the people we suppo Imwwng Lives- We wll find out what's unp￿t* io each person we support and help them to rnake happen. Page 5 PURLEY PARK TRUST UMITED IA company Ilmited by guarantegl GOVERNORS. REPORT (coiinNUED) FOR THE YEAR ENDEO 31 ￿RCH 2022 How ¥R meet our aims and values We have eight houses at Purfey P* each registered as a carn home service for a¢¢ommodaticffl and support. They are home to a tthal of 53 people (when fuly ocojphgdl. They are all purpose buiti, bul vary" size and st￿e wrth beh¥een fNe ￿h1 people we support li exh. Each house is domesti¢ in S￿le and furnished lo a high starKlard. Ixrt appropriate speaalwd equipment and faclties. We also provide Supported Living ser￿Ces in our local ccwnmunty. C￿r￿ntIY we support 24 peo* In thelr own homes. We are registered wth the ca￿ Qualty Commission as a Dorniciliary Cwe Agency. so that we can provide personal care for those peop￿ that require il. In October 2019. Mil Lane Lodge was added lo the porlfcao cl ser¥tyces th81 we manage. Thi5 propety currentty supports 8 paople in a large prcpety in 3 ￿ of laTrJ. offemg unique LN)POrtunities We prwde Day Services for people who ￿ve at pu￿ Park and also for a smail number of peopl2 who live elsewhere {on our main s*e in Purley and al the Lodge. in Paoknrthl The Managers and slaff that prowde cwr 5eMces are our greatest asset. They are a51 train8d and skilled. with a high prop31￿on having many years 8XP8ri8nce and advanced qualifications. We provide the maSoiity of this training ourselves so that we can be cerlain that it equijs our stsff effeCtNe￿ lo cary out Iheir roles and matches our values and e>pectstic￿. We ￿an carefully with each ofthe people we supwt so that we can meet their needs and vAshes. We also encourage and enable the people we 5UPFhJl to t* pat in a wde rnnge of aclivlies. Our Day Semces Staff. tcrfJether with olher organisatws. provKle c¢*portunrt￿s for the people we support lo devthp thw lrfe sh'lls to help to *ad as indeputhl and indu5ive lives as their ajdities allcyw. How we measure our success in achieving our aims and objKtl¥e5 The slngle m¢)St important measure of wr success is the expw*Ke thal the people 5UPPOrt (our beneficiar￿$) have of being supported by u5", by its very nature thts is a subjectNe i￿1gement FMJt our success is rellecled in the personal stones of each pe￿cfi we hav8 the wivle9e to support. Our most effective ￿ays of measuring our succe55 depend Ihe dose and endurr#J relationships that staff at all levels of Ihe Trust have wth the peoFle we support. This is assbSte(I grealty by the limilatiorks we impose on the number of people we and the t￿1 98ogr4hic4 Icttbon oftr* se￿ice$ we offer. We invest heawly wi the living environments wovkle to make sure Ihat they are nice. safe places to I've that maxirrise p80ples' quality of lrfe and indeperM*nce. Recent examples of the level of commitment we make lo hdp people find an enwronment that wJtrenty identified as the Chief ExecutNe, Head of Finance and Resources and the Leoming and De￿pment Manager) 15 re￿&ved and set by the Govemors * their January meeting, at the time that Ihw ￿ree the b￿￿get for Ih8 folkwAng ffinancBI year. Thts lakes place in Glosed session aNJ is inf0m￿d by. The perfomiance Lrf the Chid EXe(yJ1b￿ as assessed in an annual apwaisa, vthich is ￿￿le￿ out by the Chaimian Appraisals cl the perfornk7r￿e of the Head of Fmance and ReKwr¢es and th8 Learning aThJ Devekymenl M￿ager. vthich are carried ort by Ihe Chief ExecutNe Page 8 PURLEY PARK TRUST UMrrED (A company Ilmited by guaranlee GOVERNORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Assessments of ho#wel the overall %*iecbv8s of th8 rJ￿rityare being mel. inch￿Ing financial performance Comparisons wilh pay aThJ remungralw)n levels in othtr simlar ¢)ryanisa1K￿S and wrthin the charity Resorrfes Pollcy The Govemots have revivwed tha Trusfs Reserves Policy thts year and detemined Ihal the Trust's reserves shoukl continue lo equaie to 60 days average expenditure and be mad8 up of cash at bank in hand. This Reserves target is influenced by the risks the Trust is exposed lo, particula￿ the very uncertain financial climate and the risks to our inctyne strearn5. This f¥Jure is currenlly eslimaled at £850K Th8 funds avaifable as at Marth 2022 *noL￿ted to £851k (net of assets in designated funds). When reVRy￿ng the ac￿nts thé TFUStees detennined Ihat the foltrhing assets Sh[￿ld be held in designated fvjnds.. An amount of £50k for essa#ial repai￿ to th8 tiusvs wcrf)wties An amount of £4.7m related lo the Trust's tangible fixed assets. indudir4J land and property in the Trust's ownetship. These assets are regarded as being essent￿ lo the 5UStainabie q)erations of the Trust and will not be realise(l in the foreseeable futur The G0veM￿ aR satisfied therefore that the Trusfs resepRs at 31 March 2022 are adequate. The Govemors also accept that the actual reserves r￿ule be fluid as rt KMII be affected by Ihe Tnjst's trading posiiion. Their long le￿n aim remalis to attempt to maintaln or extend th8 t*, akhough nol to the detriment of essential invostment in our semces. Demand for the TrusV5 sermus is expxted to remain w sirong. at kast pwtially mitigalirvj the effect of Local Authorities, underfunding. The Govemots consKler the bakn sh8et P￿￿10n at 31 March 2022 to be sufficEnt, with adequale assets lo meet the Tnbsfs rimrtine ha￿"￿11e% Inve5tm•nt Policy The Trust has rK* Stock or share investments nor any Iory-tem) cash olvestmen￿ Cash reserves are invested vith the Charity Offices Investrnenl Fund (COIF) in accessible deposit ac¢ounts in sterling in United Kingdom insti(uth)ns. In the past this has alth￿1 fcff devek¥)ment eosts and capial &xpanditure lo be handled on an as required basis whilst achieving some investment income. Cash reserves are deposited in Iow4isk managed accounts which generally avoid especially contenthws issues. FUNJ perfomiance in the yearwas competstive in perickn. our Head of Finance and Re50urce$ and Alice RSchmTrJ, our Accounts Marwel. We have a dedicated Manager for Leaming aThJ Devdopwl. D&i¥e Mackay oversees staff training and develotThenl. Jr other fLmclions. garden and grounds. arml manlenance are c8rr*d cmjt on a deparbnenlal basi5. Ea¢h department has a manager and a dedicated budgeL CU￿nIty ¥￿ employ a1￿ul 160 staff, the my1￿lty of WI￿7 direc1￿ deliw care semces lo Ihe Pecyle we support. It remain5 tyJr aln to keep our administrative staff and costs to a minimLrn. Page 10 PURLEY PARK TRUST UMITED IA company limited ty guarante•l GOVERNORS. REPORT ICOPrnNUED) FOR THE YEAR ENDED 31 MARCH 2022 The Board of Govemor5 meds qUart￿Y to recer¥Y rep￿ts ftom Ihe Chief ExecutNe aTrJ q)eraional manage and to decide policy on maleTs as necessary. Annualty they e4Msider and approve the budget proposals. approve the audited accounts and ￿Mew the Heafth and Safety Pdicy and Risk M￿ageMent Plans. The Ch Executive r4)orts between quwterty Board Meetings lo the Chairynan ar￿ the Treasurer. On-site inspections of the operation of th8 Trust are regularty conduded by Govemrs. The Chief ExeeulNe and Govemors woth very closely together to ensure the smooth and effKienl cwalion of the Trust within the palici8s and strategic plan agreed by the Govemtys and in accordancevAth l&Jislalive requirements and resislration standard5. Review of relatlonships with other oryanisations St Luke's Trust In October 2019, the social care servi￿9 provided by St Luke's TNSI ￿re transferr8d to Purley Park Trust. Staff wothing in those serwces have become employee5 of Puty Park Tw¥1 under TUPE arrangements. Sl Luke's Trust also transferred the l￿d and prop•ty a$socaaled with their social Ca￿ seNices lo Pudey Park Trust in the fomi of a donatiorb. This generous slep secured the tenancies of the peotle that ort the pl￿ertY for their acCOn￿1)datioft and suppjrt. Future Plans The provision of Care HL¥ne SeThry￿ wll cont•iue ta be our core business and it is our aSpIrat￿n that we achieve excdlence in this area Da))and for the unKiue environmenl we PTOVKle remains very high. We shall however continue to dNersfy our Se￿￿e$, alte* *thile remaining a small, local provider of excellent services. In partKular. we wll respond lo danand for new supForted liwng seTrices from people we know aTh their families and frcth commissioners by developrwJ Se￿l¢e$ of this We. In doing so we wll priorilise.. People who live localty. th we he￿ to rmin within their local Community People who have been unable to find a seTh￿e that can meet their needs elsewhere due to Ihelr particular need Demand for these seM¢e$ has remained strong, deqite Ihe stsled preference f(Y other fomis of Serwce delivery amorvjsl rn￿Y Scrial sery￿ departments. Our repUtatsc￿ B strong and we benefrt from the trusting relat￿nshIpS have vthlh some key Commiss￿ets and from W￿d-Of-m0Uth recommendations. As we had anticipated. new referra15 {vthen VR can accept thern fc4kwT¥J a vacancy arising) emtinue to be mostly for people wth complex r*ds. Generally speaking, Ic¢al authorities are rel￿tant lo refer people to'trathtKJnal" residentlal care Lmless their ¢are needs are too complex lo be salisfactority md in other $￿eS of seNice delivery. The main affect on us of this is increased staff ratios as we support peoF4e wih more severe learnirNJ di5abilrties and more ch8lleThJing needs., our r8cruitmen{ trairyng and m￿agement of Staff rellect this. Our capacity at Purley Park wll I￿1 increase in the fcyeseeable fulure to meel the demand for places. There is need (albert not urgent) lo invest in some of our dder properties to ensure that our INing environments continue to meet th8 naeds of the people we support and the ants¢¥paled needs of others who are yel lo rThJve in. There is a risk that rfwe fail lo addres5 ttrus issue that our ir￿￿￿? will also be adversely affected. Rlsk Management The management PUTsues a continuous and PTTractive risk management strategy fdk)vMng Idenlifi¢ation and assessment of the m4or risks to which the Trust is exposed. These are re￿￿￿ed regularfy by the management team and at least annU￿ty by the Govemors at thw'r January Board meeting. The prcw5 used lo assess aNI rn￿age rith5 xr055 the c￿anisat￿￿ is review￿ regularty to en$￿￿ that risk8 are identified. analwd and managed effectNéy. Page11 PURLEY PARK TRUST UMrrED A comparhy lirnited by guaranteg) GOVERNORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ¢)Jr OrganSsatlonal fvsk Matrix Klentifies risks to the folTh4ing areas.. GovemarK8 & Managerneni Operational Risks Flnanckl Risks Risks reLalmg lo extemal factus Legal l RegLA*ory R￿kS General operational risks are assessa arKI managed by operdtional Ma￿gerS. However, rf a significant level of k is identif*d land this cannol be satisfadorty mituaed at an cperational level} Ihe risk management plan is reviewed regutsrfy by the Chief ExecutThE Prbncipal Risks & Uncertainties As a small txganisati?n, one of our key risks is k*ing key staff that perfomi Mlal and1￿ technical functions lor us. We have dLMe a considerdble amouni of wth to mit￿ate this risk through Success￿)n planning. the re5truclurng of our Sen1￿ managefflenl team and the d*aticn of tasks to r&luee relianee L￿on individual 51aff. In additiw), vthle our staff tumover 15 bekw thè average for organisations that provbje SLxlal care seNtss, we are concemed that wage inllalKJn in other sectors and unprecedented rtses in the cost of ￿VIng may impact severety on our *siMy lo recruit and retsin ￿ W0th￿. We ￿dIue our peop18 h￿hlY and invest heavily in their welfar8 bul thi5 &luation will raquire constant rnoniloring arKI miew for the foreseeabk luture. Anolher key risk *Jenlified in cur slratsgy is hwng in5u1fi¢i￿t oiitai to meet our aspirations for the serykes we deliver. We miligate this risk by." Diversify￿9 ¢)ur serviees to Ind￿je new M￿je18 Ihat a￿ r*t up)n signfficanl capttal oullay Ensurirwj that our strategy 15 bawj uFK￿ pragm*. t￿. suslainable o*'ectives that also support Lwr hjng lefm aims. Wothing closely wlh our partners to ￿SUre that our hjng temi are releva￿ lo their strateg￿ aims and have the￿ supp)rt where necessary ainlaining a clear fC￿us on the f•)anual of the seTrice currentty offer The most sIgn￿1C￿l risk las it is for al PfOTr*vlers ol care and suprA)rt suvices>, currwuy is the wntinuing uncertainty regarding the future of Health and Social Care SeM￿S in the UK and the considerable finanaal pressures that the orgarusations that purchase our sep4ices are uTh*r. Whde Ihese matters are obviously not undw our conlTol we have managed the* rtsks so far by". DiVer￿￿n9 to swead the risks in rela1k￿ to fundlrg pressure5 Burfding capaaty and expertise to seNices that represent excellent vakbe for peo* with complex needs. for there is an increasing demand Budding relationships and partner5hp5 ￿￿th thr agencies so that we can ￿ders￿d each others. strengths and needs aThJ ensure that we are vivwed as a crucial part of they future plans Being as efficienl as p)ssbi le. to redu￿ waste. maximi* tenefits we can deh'ver and prowde excellent se1wi￿S 81 very gwd value Page 12 PURLEY PARK TRUST UMITED {A company limited by guarantee) GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 PAARCH 2022 Govemor5 The Govemars in Offi￿ during Ihe ye¥ were as folk?4￿. Mr L D Jones 08E FCCA ITrea5urw) Mrs S Robinson Mr C Trickey RIBA Mr S R Barstow Ichaimianl Mis A Cullimor&Tdd Miss R Keeling Mrs S Vandetsle Govemor5, ¥e also Trustees and tlirectors, are appowrted by the eyistHig Govemors and confimied at the Annual General Meebng. They serve for a lemi of three years, kn they may submit themselves for re electhin. The Chaimian is elected by the Govemors and may save as Chaiman for no rn0￿ than Iwo Gonsecutive le￿s. Bankers The Trust's bankers durirvJ the urKler re¥ie* 4%Ere the Nati[￿al Wastminstar Bank PIC. Sollclto The Trust's solicitors during the pernd und8r ware Messr& FipJd Seyncw Parkes, Reading. Governors. Responslbilities Statement The Governors pected to inlluence the economic deasions of users taken on the basB of these financial slalemenls. Irregularit￿$, includ1￿ fraud. ap in*ances of nMPCa￿1ar￿e *tyth and regulatiL￿5. We design prc￿vre5 in line wslh our responsitqlities, outtined above. to detect material misstalemenfs in ￿Spe￿ of irregularities, irKluding fraud. The extent lo which our procedures are cspable of detecting ffregulariti'es, induding fraud is detailed below. Page 16 PURLEY PARK TRUST UMITED IA company limited by guaranleel INDEPENDETr￿ AUDITORS REPORT TO THE MEMBERS OF PURLEY PARK TRUST LlhlTED {CONTINUEDI Er￿UIry of manawnenl. those (tharged th g[P￿￿nce arid the enbtys soltcilors (or inthouse kgal team) around actual and pclential ￿l¥Jati￿ and dains: Reviewng fflinule5 of meetings Oft￿Se tharged vAth govemarte: Reviewing financia statement disclosures and lestiry to supporting d￿U￿￿tation lo assess compliance th applicable laws arKI regtdalions. Performing audit work over the risk of rnanagement oveThtde of contro15, induding lesling of joumal entries and other adjustments fcK approprialenes$, evalu*ing the b￿ne$S ratsonale of signfficanl transaction5 outside the nomwl course of business and re¥ieiryJ xcountiThJ estimates for bias. Because of the inherent lknitalw)ns of an there is a risk that nol detect all iwegularities. induding those leading lo a Mat￿la] mi5ststemenl in the fin￿la1 statements or n(￿-ComPlian¢e wlh regulat￿￿. Thi5 risk increases the more that compliance with a law or regulation iq removed frc*n the event$ and transactions reflected in the financial slalemenls. as %*e will be less likely to become aware of instances of nonthcompliance. The risk is aL80 g￿Ster regardY￿ irregularities occurring due lo fraud rather than error. as fraud knvc4ves intentional concealmenl. forgery, collusion. omissbjn or misrepre5entstion. A further deseriplion of our responsitslities for the a￿rrt of the financial slatements is Ictated on the Financial Reporting Counul's website at". www.ftLO .uklauditorsres This descriplion fomis part of our Audrtor5' report. Use of our report This report 15 made solety to the charilable coryanls rnembe￿. as a body, in accordan￿ with Chapter 3 of Part 16 of the Companies Act 200& Our audit th has be8n und8rt*en so that we mwjhl stale to the charitable companls members those matters we are wuired to state to Ihem ￿ an Auditors, report arKt for no al￿r purpose. To the fullest exlenl pemiitted by law. VR do not accept or 8SSLme responsibilty to anyone other than the Charitable ¢ompany and its member5. as a b*. for ow aLKlit work. for thi5 report, or for the opinions we have formed. QIRSL Pe AlexandeT Peal Bsc {Honsl FCA DChA {Senior statutory audltor) for and on behalf of James Cowper Kre5ton Chartered A¢¢ountsnls ar)d StatLrtory Auditor Reading Bridge House George Street Reading Berkshire RG18LS Date.. 27 January 2023 Pag8 17 PURLEI PARK TRUST UMfTED IA company limlted by guarantee) STATEMEKf OF FINANCIAL ACTIVfflES {INCORPORATING INCOIIE AND EXPENtXTURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Unvestricted funds 2022 Restricted funds 2022 Totsl funds 2022 Total funds 2021 Income from.. Donatio￿ and ￿ga￿e5 Charitable aclNiities" Chaiilab]e actmlies Com&19 rekted grants Proceets on dispejsal of r￿ed assets Investmerts 7.900 5.233.751 1.574 5,233,751 154,604 5.153.804 165.906 4.360 120 14030 400 Total Income 5,240,929 153.030 5,393.959 5,332,090 Expenditure on.. Charitsble activities 021A78 153,030 &174.508 5.080,95D Total expendityre 5,021,478 1S3.030 5.174.508 5.080,950 Net movement In funds 219,451 219.451 251,140 Reconclllatlon of funds: Total funds brought foNéard Net fftwemenl in funds 5.3l0.f￿3 219A51 5.310,653 219,451 5,059,513 251.140 Totsl lunds carrled forward s￿30,104 S.530.104 5.310.653 The ￿￿e$ on pages 21 to 36 fomi part oflhese financial statem￿. Page 18 PURLEY PARK TRUST UMITED (A company limited by guarantee? REGISTERED NUMBEIL" WJ989820 AS AT 31 MARCH 2022 2022 2021 Note Flxed assets Tangible a55ets Currgnt assets 13 4,678,854 4.565,313 Debtors Cash at bank and in hand 14 428,503 1,273,561 1,272,913 1.725,170 1,702,064 Creditors.. am￿nts fall#ig due within 15 1375,9131 {423.7411 Net current assets 1J49,257 1,278,323 Totsl assets less current Ilabllhies 6.04111 5,843.636 Credstors. amounts falling due afttt rr than one year 16 (49&007) 1532.983) Total not assets 5.530.104 5,310,653 Charlty funds Restricted funds Urwestricted funds 17 17 5,530.104 5.310.653 Total funds S,$30,104 5,310,653 The Govemors aekntr￿edge their responsbts for tryTyfyry"ng wih the require1r￿ts of the Act wtih respect to accounting records and preparats"c￿ offinancial Slatsm￿. The finan(aal slatements were apwoved and arthorised for issue by the Governo￿ and signed on their behalf Mrs R 8arstow Chairman Dale. 2 7 The rh)tes on pages 21 to 36 fomi part dthese financial staements. Page19 PURLEY PARK TRUST UMITED IA Company limited ty guarant￿) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Note Cash flows from operatlng actlvitles Net cssh used in operaknng actimlies 20 266,275 377.489 Cash flovA from Investing activitie5 Diwdends. literests and rents friyn inVestm￿ts Proceeds fr(>n the sale 0ftang￿e fixed assets Purchase of tangible fixed assels 120 4.360 1223,628) 1103,4421 Net cash used in investing activitiès {223.228) (ga.￿2) Cash flovts from flnanclng aclfvltles Repaymerts cl boffowThJ 143,695) 143,5651 Net cash used in financkng actfvhies {43,6951 143,565} Change In cash and cash equlvalents In the year Cash ar￿ cash equivalents at the begnn*w ofthe Jear {6481 1,273,561 234.962 1,038,599 Cash and cash equbvalents al the end of the year 21 1.272.913 1,273,561 The rths on pages 21 to 36 fomi Fart dthese financtal statemeJts Page 20 PURLEY PARK TRUST UMITED IA company limll•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General infomMtlon Purley Park Trust Limiled is a company kniie(I by guaran& inCo￿Orated in England and Wales registered address 12 P￿Ckleberry Close, Purley On Tharres. Readng, Berkshire, RG8 8EH. The members of the company are the Govemots named on page 1. In the event of the charity being wound up, the liablty in respect of the gu¥antee ts liniled lo £1 per member olthe charity. Accountlng policles 2.1 Basls of preparatk>n of financial sts*ments The financial slalements have been prepared in acccydance with the Charlies SORP {FRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practr2 applicable lo charities preparing their accounts in xcordwKe with the FI￿n¢la1 Reporling Standard applcable in tho UK and Republic of Ireland {FRS 102) leffectwe 1 January 2019), the Financial Rep)rting Slandard apFdicable in the UK and Republic of Ireland IFRS 102) and Ihe Companies Act 2006. Puth Parf( Trust Lwnited meets the d￿nrt￿ of a pubKc benef* entity under FRS 102. Assets and liabilities are initially recognised al hIst￿Ical cost or transxtton value unless otheM5e stated in the relevant accounting policy. 2.2 Donatlons. ￿uests and other recelpts Donations arKI bequests are accI￿nIed f￿ on a receNak basi& Donations in kind are induded 8t the estimated value to the ¢harity. 2.3 Govemrnent grants Govemment grants we uedited to the Statanenl of finartk31 as the r*ted expenditure 1$ incurred. 2.4 Interest recelvable Interest on fvnds hekl ￿ deposrt is when re￿Nable and the wnounl can be measured relably by the Chatxy. this is n￿r￿ation of Ihe interest paid or payable by the inslitutkin the funds are depO￿.tell 15 Allocatton of overheads ove￿￿#d$ are allocated spthalty eithw to rfirect Ch&Itsb￿ expenditu￿ or ¢osts of generaling funds, excepi for govemance costs are (r￿d05ed separately. Page 21 PURLEY PARK TRUST LIMITED IA company lknlied by guaranteel NOTES TO THE FINANCIAL STATEMEr￿s FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcles I￿ntInued> 2.6 Fund accountlng General fund5 are unrestricted ftTrnds are available l¢y use at the discret￿n of the Govemors in fvrtherance of the gengral ckniectsves of the Ch¥iy 3￿j have nL* been designated for other pU￿ose$. Designated funds compri* unrestrkted funds that have been set aside by the Govemors for particular purposes. The aim and use of each designated fvnd is set tyjt in the notes to the fin￿￿al slalerr*nts. Reslitted funds are funds Wh￿ we lo be used Hi accordance wih specffic reslriclions imposed by donors or vthich have been rais&J by the Charity for partbcular purposes. The costs of rais41g and adM￿lSterIng such furKls are charged against the Speaf￿ fund. The aim and use of each reslricled fund is set ujl in Ihg rbjtes to Ihe slatwnents. 17 Income All irKome is reccgnwj once the Chaiity has entitkment to the Iieome. it is probable that the licome will be recemd and the of inCcM￿ recwable can be measured re[￿b￿. For lewes. entitlement is taken as the eartier of the date eitlw.. th& charty is awa￿ that probate has been granted. the estate has been finaksed and nolff￿1￿In has been made by the execut￿($) to the Trusi that a dislribulkJn ￿111 b8 rnade, or when a d￿ribUtIon 15 received from th8 eslate. Receipt of a legacy, in in part. is considered probable when the amount can be measured relobly and the charity has been notified of the executorfs inlent￿ lo make a dislnbul￿n. Where legacies have been notified to the charity. or the charity is aware of the granting of probate. and the criteria for Inco￿ recogn*ion have not been met. then the ￿gacY is Ireated as a contingent asset and di￿￿)Sed if material Donated seNces, faclliies or assets are recognised Wh￿ the charity has control over the item, ary Conditions associated ￿ryth the donal&l item have been mel, the receipl of economic benefil from Ihe use of the charly of the item is probatle and that econom￿ benefit can be measured reliably. In a¢￿T￿ance with the Charitses SORP IFRS 102), the general voluntew b'me of the Friends is not recognised and relerlo the GovwrKws' rwt tor more infornatk￿ al￿rt their ¢¢￿tr￿u￿on. On re￿ipt. donated professior￿1 seThices faciltt*s are reccqnised on the basis of the value of Ihe grfi lo the Charity which is the arno￿1 it WOU￿ have been willing lo pay to a￿aIn services or fauhties of equwalenl e￿orniC benefft the open markeL a cfftspcffiding amount is then Income tax recoverable in relation to donthns rttevftd undw Gtft Aid or deeds of covenant is reccgnised at the time ol the donat￿. Income tax recoveratAe in relath?n lo inNES1n￿ inccyne 15 ￿¢(￿nISed at the Iwne the Inve$tmenl Iiccrfne is re¢eNable. Page 22 PURLEY PARK TRUST UMITED (A COTnpany fimlted by guaTrnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcles {conlinuedl 2.8 Expendlture Expendiiure 1$ reeognised onee there és a ltyal or I>)n￿ruCtIve t￿lIgatIon lo transfer econorric benefft to a third paty, it is wthatle that a transfer of econom￿ benefts will ￿ requirad in setuement and the amount of the obligaion ￿ be measured reliably. ExpeTrJilure is d3s5ified by aclNity. The costs of each actiwty are made up of the total of direct costs and shared costs. including 5UPPOrt costs involved in undertaking each aclmty. Direct ¢osl$ attributable lo a single Xtivty ale allocated directly to that aCti￿ty. Shared costs ￿lch conlrthle to more th￿ ong activity and support costs which are not attributable to a single activity are ap￿)rt￿ed belween those actimties on a basis eonsistenl wth the use of reS￿rces. Central staff cos15 are alk￿le￿￿ on the basis of time spent, and depreciation tharges *hJc*ed on the portion cl the asset's use. Support costs are thc6e costs hKurred directy in supp￿[ of expendiiure on the obiects of the charity and indude project management Carried out at Headquarters. Govem8n¢e costs are those incyrred in conn8Cticn vAth adrninistratl(￿ of th8 tharity and CfKTWiarKe with constituliona and slalulory requirements. Charitabte a¢tfriitw and Govemarte Costs a￿ costs incurred on the ¢haritys qierations, including SLPPOrt costs and costs relating to the govemance of th8 charity aPpOrt￿ed lo charitable activities. All expenditure is inctustve of tffecthe￿le VAT. 2.9 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or m￿e are capitafLsed and r￿ogniSed when fulure economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assels are initialy recognised al cost After recognlion, undw the cost model, tangible fixed assets are measured at cost less accL*nulaled derKecialK)n and any accumulated impaimienl losses. Al costs incurred lo bring a tangible ffixed asset into tts intended 44thing conditi'on Should be in¢lL*Jed in the measurement of cost. Depreciation is ch￿ge￿ so as to alocale the cost of tangbte fLxed assets less their ￿sIdUal value overther estimated useful INes, usry the Str￿ghl-￿ne rnethDJ. Depreoation is proviyed cfj folkn%ryng basis: Freehold propety Improvements to leas* properties Motor vehkles Fumishings frttings Office equipment Workshop garden equryxwt 25% 20% 20% 25% 110 Debtors Trade and other deiknrs we recagrMsed at the SdtIem￿ amount after any trade discount offered. Prepayments are val￿d at the amount prewd net ofany trade dtscounts due. 111 Cash at bank and in hand Cash at bank arKI in hand indudes cash and sh¢irt-temi highty liquid investments with a short malurty of three months or less from the date of W￿91tion or opening of the deposit or similar account. Page 23 PiIRLEY PARK TrUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accouftting p0￿CleS {condnued 112 Ltabilitles and provlslons are recrrfJnised when there is an c*>*jai￿￿ at the Balance sheel date as a result of a past event. il is wthabte that a transfer of economK will be reqlwed in 8eltlement. and the amount of the seWement can be estimal*J reliabty. Liab*ties aR wgnised at the ￿nc￿nI that the Charity ￿t￿Pate$ il WIN pay to setua the debt or the amoLmt it has raceived as adVal￿ed Pa￿￿nts forthe gt)cds or services it must wovide. Provsions are measured at the best estfjmate of the arnouDts requyed lo seille the oblhJati¢)n. Where the effect of the twne value of mney is materi￿. the [ff0vts￿n is based on the present value ofthose amount5, dLscounted at the p￿tsx discc4mt rate that renects the risks specffic lo the liability. The unwinding of the d￿OUrtt is rwntsed in the Ststement cl fin￿¢1￿ activ*ies as a finance cost. 2.13 Flnanclal Instruments The Ch¥iiy On￿ trBs financial assets and fm8rt01 l*bilties of a kind Ihat qualfy as basic financial instrumgnts. Basr f￿an￿al irtstrumenls are ini1• recognised at transaction value and subsequently measured at their settkmenl wth the exception of bank loans Wh￿ aR subsequenlly measured al ￿ort￿l cost usirvJ the effective interest m*hod. 2.14 Pensions The Charity oparates a definejj ￿ntr*JulI￿ penS￿n scheme and the pensicrt chapJe represents the amounts payable by the Chanty to the Tund in respect of the year. Crltical accounting estimates and areas ofludgement Estimates a￿j judgwrenls are contyiuaty evaluated and are based cffi historical experience and other factors. inClu￿g expedatitxts of future e¥￿ts thai ar8 befwd lo te TEasDnat4e under the crcurnstances. Critul accourting estimate5 aTrJ assw￿￿￿$. The preparation of the trlnancial stat￿ents requi￿$ managemenl to make JUdgen￿nIS. estimates and assLNnpt¥)ns that affeet the amounts reported for assels and liabilit*s as al the balance sheet date and the amounts reportad for income and expense5 during the year. H¢)wever. the nature of estimalK>n means that actual outcom couhj dfier from tlw estvnate5. The folk￿lr￿j I￿1gements (apart from those involving estimates) ha￿ had Ihe most signfwt effed ￿ amcwnts recognised In the financial statements. Tangible Ilxed assets Tangible fixad assets are deprei?* over I￿r usefvl fffts tsking into accoth)t residual values. where appropriate. The actual lives of Ihe assets arKI residual values are assessed annualty and may vary depending on a number of fact￿. Residual assessmenis Cons￿er issues such as the remaining lile ofthe asset projected diswjsat values. Page 24 PURLEY PARK TRUST UMITED (A company Ilrnited by guarantee) NOTES TO THE FINANCIAL STATEMETr¥rs FOR THE YEAR ENDEO 31 IAARCH 2022 Income from dona1ions and legacles Unrestricted funds 2022 Totsl funds 2022 Totsl funds 2021 Dcfftations 5,204 Total 2021 7.900 Inc(Jme from charitable activities Unrestricted Restricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Fees for Co￿ services Residents. travel contitjutions miscel1￿eC1jS income 5,140,112 91.281 3.932 153,030 5.293.142 91,281 3,932 5,234,112 81.728 3,870 5,235,325 153,030 5.388.355 5,319,710 Tot￿ 2021 5,191,746 127,964 5,319,710 Investment InccTh8 UnrestTiCted funds 2022 Total funds 2022 Total funds 2021 Interesl receivable 400 120 TO1￿ 2021 120 120 Page 25 PURLEY PARK TRUST UMITED {A company Ihnlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expnditure on eharltsble acMie# Summary by fund type Total funds 2022 Total fvnds 2021 lunds 2022 funds 2022 Care sepAce costs Support costs 4,536.068 485.410 120,909 32.121 4,656,9n S17￿31 4.518.042 562.908 5m1.478 153,030 5,174,508 5.080,9SO Total 2021 4￿2.986 127,964 5.080.950 Summary by expenditure type Totsl funds 2022 Total funds 2021 Staff costs Depreciation Other costs 2022 2022 2022 Care service costs SLPPOrt costs 3.832.161 301.282 110.087 714.729 216,249 4,656.9TI 517,531 4,518,042 562,908 4.133.443 110.087 930.978 &174.506 5,080,950 Totd 2021 4.084.411 112.720 883.819 5.080,950 Anaty* of expendlture ty actbvlties ActNlties undertaken dlrectly 2022 Support costs 2022 Total funds 2022 Total funds 2021 Care Service costs Supwl co￿5 4.656.977 4,656,gTI 517,531 4.518,042 562.908 517.531 4.65S.977 517.531 5.174.508 5.080.950 Tola 2021 4,518.042 562.908 S.080.950 Page 26 PURLEY PARK TRUST UMITED {A cixnpany limited lry guaranteEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2022 Analysls of expendllure by acllvlttes lcontlnued) Analysls of support costs Total funds 2022 Total funds 2021 Wages and salaries OIFice costs Covid-19 expens•s Sub5uiplions Bard( charges Accountancy fees Interest payable M8rketing. fundraising, entertaiiment Gov8mance costs 301,282 122,541 32.121 14,844 3,509 7.600 12,181 15,153 8,300 321,C62 117.595 80.621 8,494 3,409 6.350 14.177 7,724 3.476 517,531 562,908 AudIt0￿. remuneratlon 2022 2021 Fees payable io the Charws audrtorfor the audrt ofthe Charitrfs wnual accounts 7.600 7.200 Fees pay*le lo the Charitls aLKlitor in respect of. Preparation ofthe Charitys annual xcounts 3.600 3,400 Page 27 PURLEY PARK TRiIST UMrrED (A company Ilmlted by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Stsff costs 2022 2021 Wage5 and salaries Social seeunty costs Conlribulion lo defined c0nts1bthi￿ pensicm s¢hwne5 3.777,205 259,601 96.637 3.720,188 270,152 94.071 4,133,443 4.084,411 During the year. the Charity made ralundaw paJn)ents of £13.928 {2021'. £7,935} lo fvK> 8mploy8es {2021: c￿e ernpknyeel. In the prh)r year. the Charity entered agrewls em{￿$ lo pay them redundarries at the end of th&r notice penods after the year end. No such agreements ware made during the year ended 31 March 2021 The average number of p￿s(￿S emFtyed by the Ch* dunng U)e ye¥was as folthvs." 2022 2021 Care Administr*ion 159 13 150 14 172 164 The number of emplosws em￿ benefts lexduding emplO￿r pen¥wJn c05ts1 exceeded £60.000 was.. 2022 No. 2021 No. In the band £60.001- £70.1 In the band £80,001 - £90.( Ouring the year reff￿n￿atic￿ YJ lo key TrTanagwnert pe￿nnel IL*allEd £236.33812021: £259.S59>. 11. Governors. remunerati¢M and expenses ring the year, M &)vernor5 any renwnerathjn orother benefits (2021- £NILI. During the yearended 31 Marth 2021 no Go4wnor expenses have been W￿￿ed(2021- £NILI. 12. T8x on surplus on ovdlnary activlties In the view of the Compansls chantth Status. no to UK ccn)oration tax arlses on any surF4us for the year. Page 28 PURLEY PARK TRUST UMITED IA company limited by guarantepl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENCJED 31 MARCH 2022 13. Tanglble ftxed assets Workshlp Improvements Fixiures garden to leasehold and Offlce equlpment Iperties fittings equlpment and cars Freehold property Total Cost or valuation At 1 April 2021 Addttions 4,569.192 211251 98.617 227.439 6.709 101.443 1.320 224.836 5.221,527 223,628 At 31 March 2022 4781.443 98.617 234.148 102.763 228.184 5.445,155 Dgprgciati¢)n At 1 April 2021 Charge for the year 201.281 68,074 12.451 208.668 4,930 7.310 62.564 11,328 171.250 18,44S 656,214 110,087 Al 31 Marth 2022 269,355 17,381 215,978 73.892 189.695 766,301 N•1 book value At 31 March 2022 4J11088 81.236 18,170 28,871 38,489 4,678,854 At 31 March 2021 4,367,911 86,166 18,771 38,879 53,586 4,565,313 Include(i in freehold propety 15 freehold larKI at cosi of £1.7SS,583 (2021: £1.756,583) ¥A)Kh is not depre￿Ied. Page 29 PURLEY PARK TRUST UIITED (A company Ilmlled by guarantefr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Debtors 2022 2021 Due wtthin one ye Trade debtors (including Reshyenls) Other debtors PrepayTn8nts and accwed incon 237082 6.317 207,958 140,889 4,845 282.769 452.257 428,503 15. Cre(ItoY&' Amounts fallkng due **thln one year 2022 2021 Bank I￿n$ Trade credfÉors n and xoal seamity Other creditors Accruals and deferred inccthe 31097 40.776 61,92 128,413 112.707 28.835 87.352 61,655 132,047 114,052 375.913 423.741 Page 30 PURLEY PARK TRUST UMITED (A Gompany limlled by guarantee) NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Credltors: Amounts falling due after more than one year 2022 2021 Bank loans Other loans 393,115 104,892 428.091 104.892 498,007 532,983 In¢￿ded wlhin the atthE we anounts faliNJ due as fdlo•&¥ 2022 2021 Between one and two yea Bank loans 188,651 29.619 Belween Iwo and flve years Bank108r 204,464 398,472 Over flve years Other loans 104.892 104,892 The aggregat8 amount of kth"kn'es pay*l8 repayabl8 whrAty ¢x in part than five years after the rep¢yting date is.. 2022 2021 Repayajle other th￿ by instalment5 104.892 104.892 The other ban is interest free and there are no fixed te￿rts for repa￿￿t. The is sacured by a charge over the property ￿ne￿ by the Charity. There are bank k)ans. The ffir5t bank lo￿ accrues interest at a rate of 4.01019 annually and is repayable in montNy inslaknent5 unffi Juty 2023. The second bank h)an accrues inler8sl at a rale of 2.15OA annualty and is repayable kn mffithty instalments until May 2024. Both loans are secured by a charge over a property owned by tha Charty. Bank loans are secured *ith charges over a55ets a cimnbined cost of £755,192, and net book valu8 of £721.42412021.' £731,241). Other k)ans *e secured awnsl all assets of Purley Park Trust. Page 31 PURLEY PARK TRUST UMITED {A compary Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2022 17. Ststement of funds ststement of funds-current year Balance at 31 March 2022 Balance at 1 Apnl 2021 Transfers inlout Income Expendlture UnrestrFcted funds Designated funds Prop&rty R8pairs fimd F￿ed Assets fund so.000 223,628 50,000 4,678,854 4.564313 {110,087) 4,564313 1110.087) 273,62B 4.728.854 General funds Accumulated g&*ral fund 745.340 5.240.929 (4,911.3911 1273.628) 801.250 Total Unrestricted funds 5.310.653 5240.929 14021.4781 &530,104 08slgnatsd funds: Th& propety repairs fund rnlates to an￿nIS eamHrf(ed for essential repai￿ to the trust's prcoertles. The fixed assets lund ¥epresents the nd t￿[￿[ value of the tru￿5 fixed assets. The Trustees delemiined that the net bTrJk vakne of Ihe Iwst's r￿ed a$5ets slKwkl be hekl in a desiqnaied fund lo W0v￿[e a better understaTrYw olthe trttst's unrestricled fvnds. Restricted funds Wesl Bwkshire Distri¢X Council Cowd funding 153.030 1153.030) Totsl of funds &310.653 5J93.959 15,174,508 5.530,104 Restricl•d funds The West 8erk5hire Dtstricl Council Co%fjd fundiw was receNed trrwards ￿ cost of PPE, staff safety me8suRs. and addrfional staff to cover Cthid ￿lated s￿k lea* durng the year. Page 32 PURLEY PARK TRUST LIMITED {A comparry limiled by guarantee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Statement of funds (Contlnuedl Ststement of funds - prior year BalarKe at 31 March 2021 B*rKe at 1 Awil 2020 Transfers inloLrt Inc(yne Exp8nditure Unrestrfcted funds Deslgnated funds Property Repairs fund Fixed Assets fvnd (50.0001 (112,721) 4,574.591 103,443 4.585,313 4,624.591 (162.721) 103.443 4,565,313 Genernl funds Accumulated general fund 434.922 5.204.126 {4.790.265) {103.4431 745,340 Totsi Unrestrlcted furKIs S,059.513 5,204,126 {4.952,988) 5,310,653 Restrlcted funds West Berkshre District Councl COV￿ fundir¥J 127. (127,9641 Total of funds 5.059.513 5.332.090 {5.080.950} 5,310.653 18. Summary of funds Summary of funds- current year Balance at 31 March 2022 Balance at I April 2021 Transfers Inlout Income ExwditUT• Designated funds General funds Restricted funds 4,565.313 745.340 1110.0871 273.628 5.240,929 14,911.3911 <273.6281 153,030 1153.0301 4.728.854 801,250 5.310.653 5,393,959 {5,174,508} 5.530,104 Page 33 PURLEY PARK TRUST UMITED {A company limited by guarnnteel NOTES TO THE FINANCIAL STATEMEP￿s FOR THE YEAR ENDED 31 PIARCH 2022 18. Summary of funds {continued) Sumbrory offvnds - fvyear Balance at 31 March 2021 Transfers oui 1 2020 tr￿ Expenditure Designated funds Generd fvnds Restricted funds 4.624,591 434.922 {1617211 5.204.126 {4.790.265) 127.964 {127.Wl 103,443 1103,443) 4,565.313 745,340 5,059.513 s.332.0￿1 15,080.9501 5,310.653 19. Analysls of net assets beiweeD fvnds Analysis of net assets beh¥een ￿nds- currènt year UnrestriGted funds 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due ￿thin one year Credito￿ dL¢e n more than ￿e 4.678.854 4.678.854 1.725.170 1.725,170 (375.9131 {375.913) 1498.007) {498,0071 Totsl 5.530.104 5.530.104 Analysls of net assets bet￿n funds- wior y un￿$t￿￿e￿ Tunds 2021 Totsl funds 2021 TaThJiblè fixed asséts Current assets credi￿ due Smthin one sear Creditors due in more than one year 4.565,313 1,702.064 (423,7411 1532.9831 4,565.313 1,702,064 (423,7411 (S32,9831 Totsl 5.310,653 5,310.653 Page 34 PURLEY PARK TRUST LIMrrED (A company Ilmlted by guarant••) NOTES TO THE FWANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2022 R•conclllatlon of n•t movament In funds lo net cash flow from op•ratlng actSvltles 2022 2021 Net income for Jtar (85 pw Statement of FirwKial Actr4ilps) 219851 251,140 Justments for. DetKecialion charg85 Interest pakl on loan DNidends, inlwests and ￿nts from ¥westments Lossllprofrtl on the sale of fLxed assets Decreaselllrthyease) In debtors Decrease in credbtors 110.087 11181 112,720 14,1TT (1201 (4,3601 95,140 (91.2081 {23.754) (51,290) Net cash provldad by operatlng actlvlli•s 266.275 377.48g 21. Analysis of cash and cash equivalents 2022 2021 Cash In hand 1.271913 1.273.561 Total cagh and cash equlvalonis 1,272,913 1.273,561 Analysls of ¢hanw in net debt At 1 Awll 2021 Ilows At 31 Maroh 2022 Cash al bank and in hand Debt due wthin 1 Debt due after 1 year 1273,$61 128,635) (532,983) (648) 1,272,913 (3,4f2) 132,097) 34,976 1498,007) 711.943 30,866 742,809 23. P￿SlOn comrnltmMts The company opwales a def¥￿1 conlr#MitM scheme in respect of Its employees. ContributiOr￿ we charged in the finanoal slalements as incwred and there WEre outstanding contributions as at the balance sheet date of £nil (2021.. £nd). Pension cJ)sts Charged in the year were £96,637 {2021'. £94.0711. Page 35 PURLEY PARK TrUST UMrrED (A company Ilmlted by gunrte•> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH 2(r22 24. Operating leas• commitments Al 31 March 2022 the Charity had commltments to make firtwe minwnum 1&35e pa5Thenls under non cancdlable operating18a5es as foll￿. 2022 2021 Nol kter than 1 year Later th￿ 1 yw and rwjl later than 5 LatertFHn 5 yws 12,157 1,120 781 538 14,117 1,319 2& Related party transactlons The Charty has not entered into any Telated p¥ty tr*saction during the yw. are the￿ any outstanding baiances bet*pen related park5 and the Charlty at 31 March 2022. The Charty has the I￿lOw1n9 related parties: The Friends of Purley Patk The Friends of Purley Park is successor body to th8 League of Frwds, whith wa¥ fornpd In 1970 to ralse furKls vthh whi¢h lo enhance the lives of the Residents. The Friends of Pudey Park. although separale body. operales under the guKl*)c* of the G0ven￿3 rrru51e83) of PLWtey Park Trust rela responsibdity for11. 2& Post balance sh•¢t ov¢nts After the sear end, the ctrwity a wopwty for £577,Otx). 27. Controlllng pwty The ultlmate controlling party15 Ihat of lh8 ￿￿eMO￿ as staled on page 1. Page 36