2021-08-31-accounts - Oakfield (Easton Maudit) Limited

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		Page
Report ofthe Trustees	I	to	6
Report ofthe Independent Auditors	7	to	10
Statement ofFinancial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statement		14
Notes to the Financial Statements	15	to	27

		For The Year E	nded 31Au st	2021
					31/8/21	31/8/20
			Yardley
		Unrestricted	Hastings	Restricted	Total	Total
	Notes	funds	Flatsf	funds f.	funds	funds f
INCOME FROM
Donations and legacies	2	23,144	200,833	114,422	338,399	96,006
Charitable activities	5
Grants and income		2,021,602			2,021,602	1,879,012
Recharges to Residents		44,775			44,775	57,870
Other trading activities	3	2,273			2,273	528
Income &om Investments	4					3
Other income						17,767
Total		2,091,794	200,833	114,422	2,407,049	2,051,186
EXPENDITURE ON
Charitable activities	6	1,883,589	6,322	110,933	2,000,844	1,846,659
Raising funds	7
Raising funds		2,148			2,148	75,850
Governance costs		38,961			38,961	31,141
Total		1,924,698	6,322	110,933	2,041,953	1,953,650
NET INCOME		167,096	194,511	3,489	365,096	97,536
Transfers between fonda	22	(4,646)		4,646
Net movement in funds		162,450	194,511	8,135	365,096	97,536
RECONCILIATION OF
FUNDS
Total funds brought forward		1,011,026		32,357	1,043,383	945,847
TOTAL FUNDS CARRIED
FORWARD		1,173,476	194,511	40,492	1,408,479	1,043,383

	No/es	31/8/21 f	31/8/20f
FIXEDASSETS
Tangible assets	14	1,20L564
CURRENI' ASSETS
Debtors	15	158,554	130.937
Cmh at bank aad m hand	16	613318	496,928
		772,072	627,865
CREDITORS
Amounts Bdling due withio onc year	17	(3235tII)	(363,134)
		448,161	264,731
TOTAL ASSEISLESSCURRF2K
LIABILITIES		1,650,725	1,205,797
CREDITOIIS
Amounts falling due aBer more then one ymr	18	(242,246)	(162,414)
		1,408,479	1,043383
FUNDS
Unrestricted Bmds		1367r)87	1,011,026
Restricted funds		40 492	32357
TOTAL FUNDS		1,408,479	1,043383

		Cash Flow Statement
		ForTbe Year Ended 31 Au	st2021
			31/8/21	31/8/20
		Notes
Cash fiows from operating activities Cash generated fiom operations			331,065	418,572
Net cash provided by operating activities			331,065	418,572
Cash flows from investing activities Purchase oftangible fixed assets Interest received			(328,431)	(132,263) 3
Net cash used in investing activities			(328,431)	(132,260)
Cash flows from financing New loans in year Loan repayments in year	activities		185,000 (71,044)	50,000 (20,320)
Net cash provided by financing activities			113,956	29,680
Change in cash and cash the reporting period	equivalents	in	116,590	315,992
Cash and cash equivalents beginning ofthe reporting	atthe period		496,928	180,936
Cash and cash equivalents	attbe end	of
the reporting period			613,518	496,928

					31/8/21	31/8/20
					f
Net income	forthe	reporting		period (as per the Statement ofFinancial
Activities)					365,096	97,536
Adjustments	for:
Depreciation	charges				66,933	54,384
Loss on disposal offixed			assets			2,474
Interest received						(3)
(increase)/decrease in debtors					(27,617)	11,323
(Decrease)/increase		in creditors			(73,347)	252,858
Net cash provided by operations					331,065	418,572
ANALYSIS	OF CHANGES IN NET FUNDS
				At 1/9/20f	Cash flow	At 31/8/21
Net cash
Cash at bank	and in	hand		496,928	116,590	613,518
				496,928	116,590	613,518
Debt
Debts falling	due within		1year	(23,045)	(34,124)	(57,169)
Debts falling	due atter 1		year	(162,414)	(79,832)	(242,246)
				(185,459)	(113,956)	(299,415)
Total				311,469	2,634	314,103

			31/8/21	31/8/20
			f.	f
Awards for All				10,000
NCC Infection Control			30,625	27,163
CAF Resilience Fund			38,867
Northamptonshire Community	Foundation			15,000
NCC Covid Support			23,270
WNC Covid Support			18,539
Constance Travis			5,000
Garfield Weston Foundation			10,000
Nationwide			49,833
Wolfson Foundation			30,000
The Baily Thomas Chwitabte Edward Gosling Foundation	Fund		15,000 25,000
Albert Hunt			20,000
Strangward Trust			5,000
Bernard Sunley Foundation			10,000
		P16		continued. ..

2.	DONATIONS AND LE	GA	CIE	S - coatinued
	Other				14,325
	The Beatrice Laing Trust				25,000
3.	OTHER TRADING ACTIVITIES
					31/8/21	31/8/20
	Fundraising Events				2,273	528
4.	INCOME FROM INVESTMKNTS
					31/8/21	31/8/20
					f
	Bank Interest Receivable					3
	INCOME FROM CHARITABLE ACTIVITIES
					31/8/21	31/8/20
				Activity
	Fees - Local Authorities			Grants and Income	1,880,578	1,752,725
	Rent &om Tenancies			Grants and Income	136,216	122,923
	Meal Income			Grants and Income	4,808	3,364
	Recharges to Residents			Recharges to Residents	44,775	57,870
					2,066,377	1,936,882
	Analysis ofgrants and income:
					31/8/21	31/8/20
					f
	Fees - Local Authorities				1,201,035	1,156,853
	Fees - Residents Contribution		to	Care	57,297	56,195
	Fees - Local Authorities	Tenants			622,246	539,677
					1,880,578	1,752,725

Raisiag donations	and legacies
		31/8/21	31/8/20
Staffcosts		1,398,215	1,288,959
Water		10,187	8,241
Insurance		15,642	21,742
Telephone		14,048	10,115
Office Supplies		27,055	23,247
Misc		6,385	11,093
Subscriptions &Membership		1,506	445
Other Expenses		2,513	492
Vehicle Expenses		10,728	19,178
Residents Activities		52,965	60,130
Professional Fees (Excl Governance)		86,465	68,657
Repairs tk Maintenance		47,352	46,285
Bank Charges		1,317	1,402
Licences k. Permits		3,201	2,987
Electricity		28,411	30,138
Oil		11,613	12,007
Medical Supplies		650	696
Expensed Equipment		58,005	48,827
Animal Related Expenses		760	825
Food For Catering		34,514	32,141
Trammg		10,096	15,016
Gas		6,693	5,119
Gardening Supplies		3,967	936
Premises Costs		36,965	34,682
Rent		32,992	35,713
Catering tk Admin	Labour Services	13,686	6,158
Contract Hire		1,818	4,570
Depreciation		66,933	54,384
Loss on sale ofassets			2,474
		1,984,682	1,846,659
Other trading activities
		31/8/21	31/8/20
Bad debts		16,162
Aggregate amounts		2,000,844	1,846,659

7.	RAISING FUNDS
				Unrestricted	Restricted
				Funds	Funds		Total	Total
				2020-21	2020-21		2020-21	2020-21
				f			f
	Fundraising			548		0	548	46,546
	PR			350		0	350	14,652
	Marketing			1,250		0	1,250	14,652
				2,148		0	2,148	75,850
8.	SUPPORT COSTS
								Governance
								costs
	Other resources expended							38,961
	Support costs, included	in	the above,	are as follows:			31/8/21	31/8/20
							Other
							resources	Total
							expended	activities
	Auditors' remuneration						5,376	4,926
	Bank Loan Interest						13,378	6,486
	Development						20,207	19,729
							38,961	31,141
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
							31/8/21 f	31/8/20f
	Auditors' remuneration						5,376	4,926
	Depreciation - owned assets						66,933	54,385
	Deficit on disposal offixed assets							2,474
10.	TRUSTEES' REMUNERATION			AND BENEFITS

			31/8/21	31/8/20
Wages and salaries Social security costs Other pension costs			1,274,902 93,044 30,269	1,180,493 81,864 26,602
			1,398,215	1,288,959
The average monthly	number ofemployees	during the year was as follows:
			31/8/21	31/8/20
Care Home Staff			73	68
			73	68

COMPARATIVES FORTHE STA	TEMENT OFFINANCIAL	ACTIVITIES
		Yardley
	Unrestricted	Hastings	Restricted	Total
	funds	Flats	funds	funds
INCOME FROM Donations and legacies	25,421		70,585	96,006
Charitable activities Grants and Income	1,875,431		3,581	1,879,012
Recharges to Residents	57,870			57,870
Other trading activities Income fiom Inveslments Other income	237 3 17,767		291	528 3 17,767
Total	1,976,729		74,457	2,051,186
EXPENDITURE ON Charitable activities	1,773,430		73,229	1,846,659
Raising funds Raising funds	68,052		7,798	75,850
Governance costs	31,141			31,141
Total	1,872,623		81,027	1,953,650

13.	COMPARATIVES	FORTHE STATEMENT	OFFINANCIAL	ACTIVITIES	- continued
				Yardley
			Unrestricted	Hastings	Resutcted	Total
			funds	Flats	funds	funds
				f
	NET INCOME/(EXPENDITURE)		104,106		(6,570)	97,536
	Transfers between funds		(38,832)		38,832
	Net movement in funds		65,274		32,262	97,536
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	945,752		95	945,847
	TOTAL FUNDS CARRIED FORWARD		1,011,026		32,357	1,043,383
14.	TANGIBLE FIXED	ASSETS
				Fixtures
		Long	Plant and	aud	Motor
		leasehold	machinery	fittings	vehicles	Totals
		f,		f
	COST
	At 1 September 2020	1,091,015		300,560	28,262	1,419,837
	Additions	309,062	4,990	4,979	9,400	328,431
	At 31August 2021	1,400,077	4,990	305,539	37,662	1,748,268
	DEPRECIATION
	At 1 September 2020	269,962		200,453	8,356	478,771
	Charge for year	35,216	832	25,712	5,173	66,933
	At 31August 2021	305,178	832	226,165	13,529	545,704
	NKT BOOKVALUE
	At 31August 2021	1,094,899	4,158	79,374	24,133	1,202,564
	At 31August 2020	821,053		100,107	19,906	941,066

15.	DEBTORS	:AMOUNTS	FALLING DUE WITHIN ONE Y	EAR
					31/8/21 f	31/8/20f
	Trade debtors				151,122	124,890
	Other debtors				250
	Prepayments				7,182	6,047
					158,554	130,937
16.	CASH AT	BANK AND	IN HAND
					Refurbishment
				General	Fund
				fund	(Designated)	Crossways
	Petty Cash			4,841
	Current Account			291,672	497	223,212
	Card Account			1,907
	Investment	Account		1,781
	Total			300,201	497	223,212
					31/8/21	31/8/20
			YH Flats		Total	Total
			(Designated)	COVID 19	funds	funds
			f.
	Petty Cash				4,841	2,949
	Current Account		49,116	40,492	604,989	489,795
	Card Account				1,907	2,403
	Investment	Account			1,781	1,781
	Total		49,116	40,492	613,518	496,928
17.	CRKDITORSt AMOUNTS FALLING DUE WITHIN ONK			YEAR
					31/8/21	31/8/20
	Bank loans	and overdrafts	(see note 19)		57,169	23,045
	Trade creditors				68,110	86,648
	Other creditors				4,491	539
	Accruals and deferred income				194,141	252,902
					323,911	363,134

						31/8/21	31/8/20
Bank loans (see note 19)						242,246	162,414
The bank loan is secured by fixed		and floating charges		over the assets ofthe charity.
LOANS
An analysis ofthe maturity ofloans is given below:
						31/8/21	31/8/20f
Amounts falling due within one year on demand:
Bank loans						57,169	23,045
Amounts falling between	one and	two years:
Bank loans - 1-2years						112,400	32,212
Amounts falling due between two		and five years:
Bank loans - 2-5 years						117,630	96,636
Amounts falling due in more than		five years:
Repayable otherwise than	by instalments:
Bank loans more 5 yrs non-inst						12,216	33,566
LEASING AGRKKMKNTS
Minimum lease payments	under non-cancellable		operating leases fall due as follows:
						31/8/21	31/8/20f
Within one year						30,000	30,000
Between one and five years						120,000	120,000
In more than five years						525,000	555,000
						675,000	705,000
ANALYSIS OFNET ASSETSBETWEEN FUNDS
						31/8/21	31/8/20
			Yardley
	Unrestricted		Hastings		Restricted	Total	Total
		funds		Flatsf	funds	funds
Fixed assets		1,057,169	145,395			1,202,564	941,066
Current assets		682,464		49,116	40,492	772,072	627,865
Current liabiTities		(323,911)				(323,911)	(363,134)
Long term liabilities		(242,246)				(242,246)	(162,414)
		1,173,476	194,511		40,492	1,408,479	1,043,383

MOVEMENT	IN FUNDS
			Net	Transfers
			movement	between
		At I/9/20	in funds	funds	At 31/8/21
					f.
Unrestricted	funds
General fund		873,657	80,756	(4,646)	949,767
Refurbishment Crossways	Fund (Designated)	497 136,872	86,340		497 223,212
YH Flats (Designated)			194,511		194,511
		1,011,026	361,607	(4,646)	1,367,987
Restricted funds
Good Life Project			(3,781)	3,781
Peace Garden		7,619	(8,484)	865
COVID 19		24,738	15,754		40,492
		32,357	3,489	4,646	40,492
TOTAL FUNDS		1,043,383	365,096		1,408,479
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expendedf	in funds
Unrestricted	funds
General fund			1,162,590	(1,081,834)	80,756
Crossways YH Flats (Designated)			929,204 200,833	(842,864) (6,322)	86,340 194,511
			2,292,627	(1,931,020)	361,607
Restricted funds
Good Life Project Peace Garden			470 2,651	(4,251) (11,135)	(3,781) (8,484)
COVID 19			111,301	(95,547)	15,754
			114,422	(110,933)	3,489
TOTAL FUNDS			2,407,049	(2,041,953)	365,096

				Net	Transfers
				movement	between
			At I/9/19 f	in funds	funds	At 31/8/20f
Unrestricted		funds
General fund			901,100	20,497	(47,940)	873,657
Refurbishment		Fund (Designated)	497			497
Crossways			47,131	89,741		136,872
Underwood	House		(2,976)	(6,132)	9,108
			945,752	104,106	(38,832)	1,011,026
Restricted funds
Good Life Project Peace Garden			95	(38,832) 7,524	38,832	7,619
COVID 19				24,738		24,738
			95	(6,570)	38,832	32,357
TOTAL FUNDS			945,847	97,536		1,043,383

		Incoming	Resources	Movement
		resources	expended	in fundsf
Unrestricted	funds
General fund		1,125,016	(1,104,519)	20,497
Refurbishment	Fund (Designated)	5,180	(5,180)
Crossways		846,533	(756,792)	89,741
Underwood House			(6,132)	(6,132)
		1,976,729	(1,872,623)	104,106
Restricted funds
Good Life Project		7,215	(46,047)	(38,832)
Peace Garden		10,499	(2,975)	7,524
COVID 19		56,743	(32,005)	24,738
		74,457	(81,027)	(6,570)
TOTAL FUNDS		2,051,186	(1,953,650)	97,536

			Net	Transfers
			movement	between
		At 1/9/19	in funds	funds	At 31/8/21
		f
Unrestricted	fuads
General fund		901,100	101,253	(52,586)	949,767
Refurbishment	Fund (Designated)	497			497
Cmssways		47,131	176,081		223,212
Underwood House		(2,976)	(6,132)	9,108
YH Flats (Designated)			194,511		194,511
		945,752	465,713	(43,478)	1,367,987
Restricted funds
Good Life Project			(42,613)	42,613
Peace Garden		95	(960)	865
COVID 19			40,492		40,492
		95	(3,081)	43,478	40,492
TOTAL FUNDS		945,847	462,632		1,408,479

		Incoming	Resources	Movement
		resources	expendedf	in funds
Unrestricted	funds
General fund		2,287,606	(2,186,353)	101,253
Refurbishment	Fund (Designated)	5,180	(5,180)
Crossways		1,775,737	(1,599,656)	176,081
Underwood House			(6,132)	(6,132)
YH Flats (Designated)		200,833	(6,322)	194,511
Restricted funds		4,269,356	(3,803,643 )	465,713
Good Life Project		7,685	(50,298)	(42,613)
Peace Garden		13,150	(14,110)	(960)
COVID 19		168,044	(127,552)	40,492
		188,879	(191,960)	(3,081)
TOTAL FUNDS		4458235	(3995603)	462 632