**Registered number: 08709411 Charity number: 264364**
# **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5 - 6|
|**Statement of financial activities**|7|
|**Balance sheet**|8 - 9|
|**Notes to the financial statements**|10 - 21|
**THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
|**Trustees**|Carol Bunday (resigned 17 October 2021)|
|---|---|
||Julie Ann Jones (resigned 18 October 2021)|
||Richard Holland|
||Lynn McElheron, Chair|
||Richard Paddon|
||Kevin Sherwood|
||Martin Smith|
||Rosie Marie O'Neill (appointed 25 February 2021)|
|**Company registered**
**number**
08709411
**Charity registered**
**number**
264364
**Registered office**
Meadowside Residental Home
41 Highweek Road
Newton Abbot
Devon
TQ12 1TR
**Accountants**
Bishop Fleming LLP
Chartered Accountants
Century House
Nicholson Road
Torquay
TQ2 7TD||
Page 1
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021**
The Trustees present their annual report together with the financial statements of the The Meadowside Charity Newton Abbot and District for the 1 October 2020 to 30 September 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The Meadowside Charity Newton Abbot and District is a small charity working for and with adults with learning disabilities in the South Devon area. The charity has members living in the wider community as well as 11 permanent residents living in Meadowside Residential Home, owned and run by the charity. The charity helps provide the means, financial or otherwise, by which adults with learning disabilities may lead happy, healthy, fulfilled lives, without discrimination or prejudice of any kind and to educate the general public to assist us in meeting these aims. As well as owning and running the residential home, the charity also holds various social events for the members of the charity.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
## **a. Review of activities**
The charity has continued to improve and maintain the residential home, with new equipment and decoration. A new driveway and car park at the front and side of the home is about to be constructed. The residents benefit from activities and regular visits to the home by musicians and other entertainers. Volunteers, mainly from the Rotary Club of Newton Abbot, regularly help the charity with jobs such as gardening and other tasks, as required.
## **b. Fundriaisng activities**
The Charity is still busy fundraising to enable the parking project to be commenced, as well as continuing to improve the facilities in the home and holding events for its members. A new day care centre project in the grounds of Meadowside is planned once the parking project has been completed. A number of local businesses have donated time or equipment for the home, which has helped enormously to reduce the expenditure.
Page 2
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
The Trustees have considered the outbreak of COVID-19 in and the impact that it will have on the ongoing operations of the charity. The Trustees have considered the impact on cash reserves and are satisfied that the charity can continue as a going concern.
## **b. Reserves policy**
Reserves for the current and previous year are unrestricted. The Trustees ensure there are adequate funds for each activity and monitor these throughout the year.
## **Structure, governance and management**
## **a. Constitution**
The governing document of the charity are the Memorandum and Articles of Association which were registered with Companies House as a Company Limited by Guarantee on 27th September 2013.
## **b. Methods of appointment or election of Trustees**
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **c. Organisational structure and decision-making policies**
The strategy and general management of the charity is led by the Trustees, who are also Directors, up to 9 people who meet up to 4 times per year. No remuneration is payable to the Trustees of the charitable company, only the staff who are employed in Meadowside Residential Home. Their salaries are commensurate with the posts they occupy, in line with comparable salaries in the care sector, equating to or in excess of the national living wage, and are reviewed annually by the Trustees. Any new Trustees are asked to join the Board following a skills audit and identification of relevant individuals. Upon completion of an application form, potential Trustees are given a tour of the home together with an overview of the work of the charity and asked to attend a Board meeting prior to deciding whether they wish to join.
## **d. Related party relationships**
Meadowside Residential Home, in Newton Abbot, is run for the welfare and benefit of its residents. In doing this it continues to work with local groups and organisations which support people with learning disabilities. The home is inspected by the Care Quality Commission and there is regular contact with social care authorities and health providers. Information and training from other organisations is also sought to ensure the charity complies with the constantly changing legislation.
Page 3
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **Members' liability**
The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the Company in the event of winding up.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Lynn McElheron (Chair of Trustees)** (Chair of Trustees) Date:
Page 4
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **Independent Examiner's Report to the Trustees of The Meadowside Charity Newton Abbot and District ('the Company')**
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 September 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 5
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **Independent Examiner's Statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: Will Hanbury ICAEW Bishop Fleming LLP Century House Nicholson Road Torquay TQ2 7TD
Page 6
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2021**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income**
**Expenditure on:**
Charitable activities
7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2021**
**£**
**25,014**
**-**
**-**
**-**
**25,014**
**25,014**
**25,014**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**2021**
**£**
**23,711**
**450,554**
**40**
**1**
**474,306**
**462,566**
**462,566**
**11,740**
**249,262**
**11,740**
**261,002**|**Total**
**funds**
**2021**
**£**
**48,725**
**450,554**
**40**
**1**
**499,320**
**487,580**
**487,580**
**11,740**
**249,262**
**11,740**
**261,002**|Total
funds
2020
£
26,826
470,003
626
7|
|---|---|---|---|---|
|||||497,462|
|||||465,962|
|||||465,962|
|||||31,500|
|||||217,762
31,500|
|||||249,262|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 21 form part of these financial statements.
Page 7
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER: 08709411**
## **BALANCE SHEET AS AT 30 SEPTEMBER 2021**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
15
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
16
Unrestricted funds
16
**Total funds**|**11,048**
**55,316**
**66,364**
**(3,919)**|**2021**
**£**
**201,057**
**201,057**
**62,445**
**263,502**
**(2,500)**
**261,002**
**261,002**
**-**
**261,002**
**261,002**|9,921
55,180
65,101
(10,806)|2020
£
198,967
198,967
54,295
253,262
(4,000)
249,262
249,262
-
249,262
249,262|
|---|---|---|---|---|
Page 8
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER: 08709411**
**BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2021**
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
**Lynn McElheron** (Chair of Trustees)
Date:
The notes on pages 10 to 21 form part of these financial statements.
Page 9
**THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **1. General information**
The Meadowside Charity Newton Abbot and District is a registered charitable company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Meadowside Residental Home, 41 Highweek Road, Newton Abbot, Devon, TQ12 1TR. The registered number of the company is 08709411.
## **2. Accounting policies**
## **2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Meadowside Charity Newton Abbot and District meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 GOING CONCERN**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
The Trustees have considered the outbreak of COVID-19 in and the impact that it will have on the ongoing operations of the charity. The Trustees have considered the impact on cash reserves and are satisfied that the charity can continue as a going concern.
## **2.3 INCOME**
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.4 EXPENDITURE**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Page 10
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **2. Accounting policies (continued)**
## **2.4 EXPENDITURE (CONTINUED)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 GOVERNMENT GRANTS**
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
## **2.6 INTEREST RECEIVABLE**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.7 TAXATION**
The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2.8 TANGIBLE FIXED ASSETS AND DEPRECIATION**
Tangile fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Freehold property Not depreciated - Fixtures and fittings 10% straight line - Office equipment 10% straight line
## **2.9 DEBTORS**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 11
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **2. Accounting policies (continued)**
## **2.10 CASH AT BANK AND IN HAND**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.11 LIABILITIES AND PROVISIONS**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.12 FINANCIAL INSTRUMENTS**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.13 PENSIONS**
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
## **2.14 FUND ACCOUNTING**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **3. Income from donations and legacies**
|Donations
Grants
Government grants
Donations
Grants
Government grants|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
-
21,216
-
2,495
25,014
-
25,014
23,711
Restricted
funds
2020
Unrestricted
funds
2020
£
£
-
7,602
-
2,500
16,723
-
16,723
10,102|**Total**
**funds**
**2021**
**£**
**21,216**
**2,495**
**25,014**|
|---|---|---|
|||**48,725**|
|||Total
funds
2020
£
7,602
2,500
16,723|
|||26,825|
**4. Income from charitable activities**
|**Unrestricted**
**funds**
**2021**
**£**
Fees received
450,554
Unrestricted
funds
2020
£
Fees received
470,003|**Total**
**funds**
**2021**
**£**
**450,554**|
|---|---|
||Total
funds
2020
£
470,003|
Page 13
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **5. Income from other trading activities**
## **Income from fundraising events**
|**Unrestricted**
**funds**
**2021**
**£**
Fundraising
40
Unrestricted
funds
2020
£
Fundraising
626
**6.**
**Investment income**
**Unrestricted**
**funds**
**2021**
**£**
Bank interest received
1
Unrestricted
funds
2020
£
Bank interest received
7|**Total**
**funds**
**2021**
**£**
**40**|
|---|---|
||Total
funds
2020
£
626|
||**Total**
**funds**
**2021**
**£**
**1**|
||Total
funds
2020
£
7|
Page 14
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **7. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Direct costs
Direct costs
**8.**
**Analysis of expenditure by activities**
Direct costs
Direct costs|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
25,014
462,566
Restricted
funds
2020
Unrestricted
funds
2020
£
£
16,723
449,240
**Activities**
**undertaken**
**directly**
**2021**
**£**
487,580
Activities
undertaken
directly
2020
£
465,963|**Total**
**funds**
**2021**
**£**
**487,580**|
|---|---|---|
|||Total
funds
2020
£
465,963|
|||**Total**
**funds**
**2021**
**£**
**487,580**|
|||Total
funds
2020
£
465,963|
Page 15
**THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Depreciation
Agency staff
Staff uniforms and training
Printing, postage and stationery
Rates and utilities
Cleaning and waste
Insurance
Sundries
Subscriptions and licences
Residents expenses
General expenses
Building repairs and maintenance
General repairs and maintenance
Professional fees
Travel and subsistence
Accountancy
Food
Interest paid
Lease payments
**9.**
**Independent examiner's remuneration**
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of:
All other services not included above|**Total**
**funds**
**2021**
**£**
**322,145**
**1,168**
**73,096**
**3,700**
**2,237**
**19,274**
**11,325**
**5,935**
**7,157**
**3,557**
**1,090**
**2,429**
**3,472**
**3,122**
**6,181**
**2,518**
**1,440**
**15,862**
**-**
**1,872**
**487,580**
**2021**
**£**
**935**
**505**|Total
funds
2020
£
301,168
7,183
53,866
1,965
1,463
27,092
10,270
7,541
4,402
3,732
6,952
614
8,270
972
5,814
7
1,200
23,348
104
-|
|---|---|---|
|||465,963|
|||2020
£
780
420|
Page 16
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **10. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2021**
**£**
**297,576**
**20,690**
**3,878**
**322,144**|2020
£
278,343
19,687
3,138|
|---|---|---|
||||
|||301,168|
The average number of persons employed by the Company during the year was as follows:
||**2021**|2020|
|---|---|---|
||**No.**|No.|
|Employees|**17**|17|
No employee received remuneration amounting to more than £60,000 in either year.
## **11. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).
During the year ended 30 September 2021, no Trustee expenses have been incurred (2020 - £NIL).
Page 17
**(A COMPANY LIMITED BY GUARANTEE)**
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **12. Tangible fixed assets**
|**COST OR VALUATION**
At 1 October 2020
Additions
At 30 September 2021
**DEPRECIATION**
At 1 October 2020
Charge for the year
At 30 September 2021
**NET BOOK VALUE**
At 30 September 2021
At 30 September 2020
**13.**
**Debtors**
**DUE WITHIN ONE YEAR**
Prepayments and accrued income|**Freehold**
**property**
**£**
**191,391**
**-**
**191,391**
**-**
**-**
**-**
**191,391**
191,391|**Fixtures and**
**fittings**
**£**
**85,602**
**3,258**
**88,860**
**78,682**
**1,095**
**79,777**
**9,083**
6,920||**Office**
**equipment**
**£**
**4,731**
**-**
**4,731**
**4,075**
**73**
**4,148**
**583**
656
**2021**
**£**
**11,048**
**11,048**|**Total**
**£**
**281,724**
**3,258**|
|---|---|---|---|---|---|
||||||**284,982**|
||||||**82,757**
**1,168**|
||||||**83,925**|
|||||||
||||||**201,057**|
||||||198,967|
||||||2020
£
9,921
9,921|
Page 18
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **14. Creditors: Amounts falling due within one year**
|Other loans
Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
**1,500**
**206**
**771**
**1,442**
**3,919**|2020
£
1,500
915
491
7,900|
|---|---|---|
||||
|||10,806|
## **15. Creditors: Amounts falling due after more than one year**
||**2021**|2020|
|---|---|---|
||**£**|£|
|Other loans|**2,500**|4,000|
Page 19
## **THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **16. Statement of funds**
## **Statement of funds - current year**
|**UNRESTRICTED FUNDS**
General Funds - all funds
**RESTRICTED FUNDS**
DCC Infection Control Grant
DCC Rapid Testing Grant
DCC Workforce Capacity Grant
**TOTAL OF FUNDS**|**Balance at 1**
**October**
**2020**
**£**
**249,262**
**-**
**-**
**-**
**-**
**249,262**|**Income**
**£**
**474,306**
**16,224**
**2,790**
**6,000**
**25,014**
**499,320**|**Expenditure**
**£**
**(462,566)**
**(16,224)**
**(2,790)**
**(6,000)**
**(25,014)**
**(487,580)**|**Balance at**
**30**
**September**
**2021**
**£**
**261,002**|
|---|---|---|---|---|
|||||**-**
**-**
**-**|
|||||**-**|
|||||**261,002**|
The restricted funds were provided to support costs incurred by the charity as a result of the additional measurers required to keep staff and residents safe as a result of the covid-19 pandemic.
## **17. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2021**
**£**
Tangible fixed assets
201,057
Current assets
66,364
Creditors due within one year
(3,919)
Creditors due in more than one year
(2,500)
**TOTAL**
261,002|**Total**
**funds**
**2021**
**£**
**201,057**
**66,364**
**(3,919)**
**(2,500)**|
|---|---|
||**261,002**|
Page 20
**THE MEADOWSIDE CHARITY NEWTON ABBOT AND DISTRICT (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **18. Pension commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,878 (2020: £3,138). Contributions totalling £776 were payable to the fund at the balance sheet date and are included in creditors.
## **19. Operating lease commitments**
At 30 September 2021 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**2021**
**£**
**1,872**
**6,084**
**7,956**|2020
£
-
-|
|---|---|---|
||||
|||-|
## **20. Members' liability**
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.
Page 21