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|Directors|||Mr D M Cager (Chairman)|Mr D M Cager (Chairman)|
|---|---|---|---|---|
||||Mr A RJesseman||
||||Mr YP Maudgil (Treasurer)||
||||Mr H J McBrien||
||||MrC J
I Chugg||
|Secretary|||Mr A RJesseman||
|Charity number|||267984||
|Company|number||01051354||
|Homes and communities||agency number|H0062||
|Principal address|||Winton House||
||||51/53 Dedworth|Road|
||||WINDSOR||
||||SL4 5AZ||
|Registered|office||Winton House||
||||51/53 Dedworth|Road|
||||WINDSOR||
||||SL4 5AZ||
|Auditor|||Craufurd
Hale Audit Services Limited||
||||Ground
Floor, Belmont Place||
||||Belmont Road||
||||MAIDENHEAD||
||||SL66TB||
|Bankers|||Lloyds Bank Pic||
||||45 High Street||
||||MAIDENHEAD||
||||SL6 1JS||
|Investment|advisors||Charles Stanley|&Co. Limited|
||||55 Bishopsgate||
||||LONDON||
||||EC2N 3AS||
|||Page|
|---|---|---|
|Directors report||1-4|
|Statement
of Directors|responsibilities||
|Independent
auditor's|report||
|Statement
offinancial|activities|10|
|Balance sheet||11-12|
|Statement ofcash flows||13|
|Notes to the financial|statements|14-27|
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##
|The board meets bi-monthly
to review the
The figures for this year and last are:|society's financial|position
and re|view Key|
|---|---|---|---|
|||2021|2020|
|||0/||
|Operating
(deficit) as a percentage
of income
Overall occupancy rate
Lost income through
voids as a percentage
ofincome||(24)
64
36|(10)
76
24|
|Total staff costs as a percentage
ofincome
Food costs as a percentage
ofincome||94
5|81
6|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
|||Notes|2021
6|2021|2021f|2020
6|
|ndowments|fr||||||
|Donations
and legacies|||3,451||3,451|5,210|
|Charitable
activities|||2,056,669||2,056,669|2,337,283|
|Other trading
activities||||||2,422|
|Investments|||36,474||36,474|48,986|
|Social housing
grant amortisation|||35,653||35,653|35,653|
|Coronavirus
job retention
control grants|scheme and infection||233,725||233,725|84,747|
|Total income|||2,365,972||2,365,972|2,514,301|
|ExgantftItnum.
Charitable
activities||6|2,939,828|1,400|2,941,228|2,737,439|
|Net gains/(losses)
on investments||10|395,010||395,010|381,640|
|Net movement
in funds|||(178,846)|(1,400)|(180,246)|158,502|
|Fund balances at 1 June|2020||9,823,982|69,635|9,893,617|9,735,114|
|Fund balances at 31 May 2021|||9,645,136|68,235|9,713,371|9,893,616|
##
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|f||
|Fixed assets|||||||
|Tangible assets||||12|5,926,961|6,113,119|
|Investments||||13|3,726,151|3,317,358|
||||||9,653,112|9,430,477|
|Current assets|||||||
|Debtors||||15|159,850|147,402|
|Cash at bank and|in|hand|||1,093,864|1,564,460|
||||||1,253,714|1,711,862|
|Creditors: amounts||falling|due within||||
|one year||||16|(190,800)|(210,415)|
|Net current assets|||||1,062,914|1,501,447|
|Total assets less|current||liabilities||10,716,026|10,931,924|
|Creditors: amounts||falling|due after||||
|more than one year||||17|(1,002,655)|(1,038,308)|
|Net assets|||||9,713,371|9,893,616|
|Income funds|||||||
|Restdicted funds|||||||
|Specific donations|and legacies||||27,635|27,635|
|Occupational
therapy||unit|||40,600|42,000|
|||||19|68,235|69,635|
|Ila
ted dt
d|||||||
|Designated
funds:|||||||
|Capital renewal
fund|||||320,000|320,000|
|Contingency
fund|||||250,000|250,000|
|||||20|570,000|570,000|
|General unrestricted||funds|||7,784,034|8,346,598|
|Revaluation
reserve|||||1,291,102|907,383|
||||||9,645,136|9,823,981|
||||||9,713,371|9,893,616|
##
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||6||
|Cash flows from operating|activities|||||||
|Cash absorbed
by operations|||26||(452,118)||(56,803)|
|Investing
activities||||||||
|Purchase oftangible fixed assets||||(41,170)||(31,655)||
|Accumulation
dividends
and|other|||||||
|adjustments||||||283||
|Purchase of investments||||(436,143)||(450,505)||
|Proceeds on disposal of investments||||251,753||563,396||
|Dividends
and interest received||||36,474||48,986||
|Net cash (used in)/generated
investing
activities||from|||(189,086)||130,505|
|Net (decrease)lincrease
in|cash and||cash|||||
|equivalents|||||(641,204)||73,702|
|Cash and cash equivalents|at beginning||ofyear||1,792,516||1,718,814|
|Cash and cash equivalents|at|end of|year||1,151,312||1,792,516|
|Relating to:||||||||
|Cash at bank and
in hand|||||1,093,864||1,564,460|
|Short term deposits
included
investments|in||||57,448||228,056|
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|4|Other trading
activities|||
|---|---|---|---|
|||Total|Unrestricted|
||||funds|
|||2021|2020|
||Day care and visitor's fees||2,422|
|5|Investments|||
|||Unrestricted|Total|
|||funds||
|||2021|2020|
|||6||
||Income from investments|35,826|40,929|
||interest receivable|648|8,057|
|||36,474|48,986|
##
|||||2021|2020|
|---|---|---|---|---|---|
|Accommodation,|care|and companionship|for the elderly|6|8|
|Staff costs||||1,927,242|1,895,899|
|Depreciation
and impairment||||227,328|220,989|
|Insurance||||37,550|33,916|
|Telephone||||18,524|18,055|
|Agency staff||||131,637|34,364|
|Food and provisions||||112,939|129,454|
|Household
sundries||||46,079|56,910|
|Cleaning
materials||||43,885|44,379|
|Rates, water and waste||||40,196|33,835|
|Heating
and lighting||||56,857|53,007|
|Minor equipment||||18,710|9,562|
|Fixtures and fittings||||2,964|2,745|
|CQC Levy||||10,044|10,234|
|Drugs and medical|costs|||76,186|30,808|
|Repairs and maintenance||||87,161|71,846|
|Postage and stationery||||4,071|4,379|
|Affiliation fees||||18,332|17,987|
|Legal and professional||fees||42,959|32,407|
|Audit and accountancy||fees||9,850|10,670|
|Payroll fees||||3,607|3,423|
|Other management|costs|||3,064|1,305|
|Investment
management||fees||22,043|21,265|
|||||2,941,228|2,737,439|
|||||2,941,228|2,737,439|
|Analysis
by fund
Unrestricted
funds||||2,939,828|2,736,039|
|Restricted
funds||||1,400|1,400|
|||||2,941,228|2,737,439|
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||||2021|2020|
|---|---|---|---|---|
||||Number|Number|
|General, central company|||||
|Nicholas House - Care, activity, housekeeping,|kitchen, maintenance|and|||
|management|||45||
|Winton House - Care, activity, housekeeping,|kitchen, maintenance|and|||
|management|||41|42|
||||90|91|
|Employment
costs|||2021|2020|
||||6||
|Wages and saladies|||1,743,617|1,723,334|
|Social security costs|||138,972|129,176|
|Other pension costs|||44,653|43,388|
||||1 927 242|1 895899|
|570,000 was|:|
|---|---|
|2021|2020|
|Number|Number|
|1||
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|Net gains/(|loss|es)
on investments|||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2021|2020|
||||8||
|Revaluation|of|investments|393,961|419,726|
|Gain/(loss)|on|sale of investments|1,049|(38,086)|
||||395,010|381,640|
##
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|Tangible|fixed asset|s||||||
|---|---|---|---|---|---|---|---|
||||Freehold
land|Leasehold|Fixtures and Motor vehicles||' Total|
||||and buildings|land and|fittings|||
|||||buildings||||
|||||8||||
|Cost||||||||
|At 1 June|2020||3,483,092|3,975,500|766,424|76,104|8,301,120|
|Additions|||||41,170||41,170|
|At 31 May|2021||3,483,092|3,975,500|807,594|76,104|8,342,290|
|Depreciation
and impairment||||||||
|At 1 June|2020||587,171|1,198,981|380,017|21,832|2,188,001|
|Depreciation
charged||in the year|69,660|75,800|74,256|7,612|227,328|
|At 31 May|2021||656,831|1,274,781|454,273|29,444|2,415,329|
|Carrying|amount|||||||
|At 31 May|2021||2,826,261|2,700,719|353,321|46,660|5,926,961|
|At 31 May|2020||2,895,921|2,776,519|386,407|54,272|6,113,119|
|In the opinion ofthe directors the market value ofland and buildings|was:|||
|---|---|---|---|
|||2021|2020|
|||6|8|
|Freehold and long leasehold
properties||10,000,000|10,000,000|
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|Fixed asset investments||
|---|---|
||Listed|
||investmentsf|
|Valuation||
|At 1 June 2020|3,317,358|
|Additions|436,143|
|Valuation changes|396,028|
|Movement
in cash balances|(170,608)|
|Other movements|(2,066)|
|Disposals|(250,704)|
|At 31 May 2021|3,726,151|
|Carrying
amount||
|At 31 May 2021|3,726,151|
|At 31 May 2020|3,317,358|
|Made up of:||
|Listed investments|3,668,702|
|Cash balances|57,449|
||3,726,151|
|Historic cost||
|At 1 June 2020|2,409,974|
|Additions|436,143|
|Movement
in cash balances|(170,608)|
|Other movements|(2,066)|
|Disposals|(238,394)|
|At 31 May 2021|2,435,049|
##
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|14|Financial instruments|Financial instruments||||2021|2020|
|---|---|---|---|---|---|---|---|
||Carrying
amount|of|financial|assets||||
||Debt instruments|measured
at||cost||114,461|49,562|
||instruments
measured||at fair value through||profit and loss|3,726,151|3,317,358|
||Carrying
amount|of|financial|liabilities||||
||Measured
at cost|||||1,165,247|1,221,241|
|15|Debtors|||||||
|||||||2021|2020|
||Amounts
falling|due|within one year:|||||
||Trade debtors|||||114,401|49,502|
||Other debtors|||||60|60|
||Prepayments
and|accrued income||||45,389|97,840|
|||||||159,850|147,402|
|16|Creditors: amounts||falling due within one year|||||
|||||||2021
6|2020f|
||Other taxation and social secudity|||||28,208|27,482|
||Trade creditors|||||34,041|41,809|
||Other creditors|||||35,829|51,054|
||Accruals and deferred||income|||92,722|90,070|
|||||||190,800|210,415|
##
|17|Creditors:|amounts|amounts|falling due after more than one year|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||6||
||Other creditors||||1,002,655|1,038,308|
||Social Housing||Grants||||
||||||2021|2020|
||||||8|6|
||Amounts|received|||1,856,768|1,856,768|
||Amortisation||||||
||At 1 June|2020|||818,460|782,807|
||Released|in the|year||35,653|35,653|
||At 31 May|2021|||854,113|818,460|
||Carrying|value|||||
||At 31 May|2021|||1,002,655|1,038,308|
##
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||||||||Movement||
|---|---|---|---|---|---|---|---|---|
||||||||in funds||
|||||Balance at|Resources|Balance at|Incoming|Balance at|
|||||1June 2019
8|expended|1June 2020f|resources|31 May 2021|
|Specific donations||and|legacies|30,873|(3,238)|27,635||27,635|
|Occupational|therapy||unit|43,400|(1,400)|42,000|(1,400)|40,600|
|||||74,273|(4,638)|69,635|(1,400)|68,235|
##
|||||Movement||Movement||
|---|---|---|---|---|---|---|---|
|||||in funds||In funds||
||||Balance at|Incoming|Balance at|Incoming|Balance at|
||||1 June 2019|resources|1June 2020|resources|31 May 2021|
||||8||f.|6|6|
|Capital renewal||fund|320,000||320,000||320,000|
|Contingency|fund||250,000||250,000||250,000|
||||570,000||570,000||570,000|
##
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|The remun
as follows.|eration
of key management
personnel
inclu|ding
salaries and employers
pension
cont|ributions
is|
|---|---|---|---|
|||2021|2020|
|||6||
|Aggregate|compensation|232,624|229,040|
##
|26|Cash generated
from|operations|operations|||2021|2020|
|---|---|---|---|---|---|---|---|
||||||||6|
||(Deficit)/surpus
for the|year||||(180,246)|158,502|
||Adjustments
for:|||||||
||Investment
income recognised||in statement|offinancial|activities|(36,474)|(48,986)|
||(Gain)/loss
on disposal|of investments||||(1,049)|38,086|
||Fair value gains and losses on||investments|||(393,961)|(419,726)|
||Depreciation
and impairment
oftangible fixed assets|||||227,328|220,989|
||Movements
in working|capital:||||||
||(Increase)
in debtors|||||(12,448)|(45,531)|
||(Decrease)/increase
in|creditors||||(55,268)|39,863|
||Cash absorbed
by operations|||||(452,118)|(56,803)|
|27|Analysis ofchanges|in net funds||||||
||The Society had no debt during||the year.|||||