COMPANY REGISTRATION NUMBER: 2152319 CHARITY REGISTRATION NUMBER: 297496
Thornage Hall Independent Living Limited Company Limited by Guarantee Financial statements
31 March 2022
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Financial statements
Year ended 31 March 2022
| Pages | |
|---|---|
| Trustees' annual report (incorporating the directors' report) | 1 to 13 |
| Independent auditor's report to the members | 14 to 17 |
| Statement of financial activities (including income and expenditure account) | 18 |
| Balance sheet | 19 |
| Statement of cash flows | 20 |
| Notes to the financial statements | 21 to 36 |
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report)
Year ended 31 March 2022
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Companies Act 2006 and 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 published in October 2019.
Reference and administrative details
Registered charity name
Thornage Hall Independent Living Limited
Charity registration number
Charity registration number 297496 Company registration number 2152319 Principal office and registered Thornage Hall office Thornage Holt Norfolk NR25 7QH
The trustees
The trustees who served during the year and at the date of approval were as follows:
T M Fitzalan Howard CBE (Chair) J A Manser (Vice Chair) R Baines (appointed 1 September 2022) P D Goddard (appointed 14 February 2022) P Hare (appointed 14 November 2022) M E Marchant M B Pollitt J L Sayer (appointed 14 February 2022) M C Scott (resigned 8 November 2021) S A Simpson (resigned 8 November 2021)
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
| Company secretary | P D Goddard |
|---|---|
| Patrons | The Rt. Rev. The Bishop of Norwich |
| The Rt. Hon. The Lord Hastings | |
| The Lady Dannatt MBE | |
| Senior Management Group | A Steggles (Chief Executive Officer) |
| C Lawford (Director of Finance and Estates) | |
| Auditor | Lovewell Blake LLP |
| Chartered accountants & statutory auditor | |
| Bankside 300 | |
| Peachman Way | |
| Broadland Business Park | |
| Norwich | |
| NR7 0LB | |
| Bankers | Barclays |
| 17 Market Place | |
| Fakenham | |
| Norfolk | |
| NR21 9BE | |
| Triodos Bank NV | |
| Brunel House | |
| 11 The Promenade | |
| Bristol | |
| BS8 2NN | |
| Solicitors | Hayes and Storr |
| 27 Bull Street | |
| Holt | |
| Norfolk | |
| NR25 6HP | |
| Bates Wells | |
| 10 Queen Street Place | |
| London | |
| EC4R 1BE | |
| Leathes Prior | |
| 74 The Close | |
| Norwich | |
| NR1 4DR | |
| Hansells | |
| 13 The Close | |
| Norwich | |
| NR1 4DS |
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Objectives and activities
The Charity's objectives are, for the public benefit, to promote good health and wellbeing, provide care and support and advance the education and training of adults with a diagnosed disability (whether mental or physical) from the age of 18.
This is carried out in accordance with the principles of Dr Rudolf Steiner, particularly by the establishment and maintenance of a community including the provision of Supported Living in five houses and Day Services offering a range of work based learning opportunities. At Thornage Hall Independent Living we wish to see an environmentally sustainable world, where everyone can live, learn and work together in a meaningful way, regardless of ability or disability. In order to achieve this we continue to to develop an environment where people of all abilities live the life they choose, have opportunities for work of real value to themselves and where shared learning is encouraged and embraced. Our strategic priorities over the next five years will continue to focus on five core objectives.
1. Live
Demonstrating our person centred approach to creating an 'ordinary life' including mealtimes, hobbies, links with the wider community, domestic duties. We will do this through the development of:
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Houses which provide supported living and not residential care.
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Tenants who understand their own responsibilities under their tenancy agreements.
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Increased tenant decision making.
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Increased participation and leadership by tenants in meetings, staff recruitment etc.
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How we respond to tenants as they age, their needs increase and their ability to continue to contribute to the community.
2. Work
Highlighting our work based learning opportunities and supporting the engagement of a wider client group. We will do this through the development of:
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An increasing range of Day Services responsive to the needs of adults with learning disabilities.
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Real and meaningful work both within the community as well as through work placement.
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Our skills development programme, including training to support work place skills as per the local authority Pathways.
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Diversified activities on the land including market garden, estate management and farming.
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Direct sales to the public, involving service users in the process.
3. Learn
Everyone has something to give and everyone has something to learn, regardless of whether they are tenants, day service users, staff members or volunteers. Mutuality of learning is a fundamental part of our community. Learning opportunities run through all of our 'living' and 'working' initiatives for everybody engaging with Thornage Hall Independent Living and the wider community. We will develop these opportunities through:
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Our community engagement and education services.
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Positive behavioural support approaches and supporting people in accordance with their individual support needs.
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Seeking out and building new partnerships and expanding our work based learning services into the community.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Objectives and activities (continued)
4. Our people
In order to achieve our ambitions for developing the live, learn and work opportunities over the next five years we will need to attract, develop and retain a workforce with the skills and experience required. We will achieve this through:
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Highlighting the quality standards we are achieving and aspiring to.
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Differentiating our offer through underlining our values and ethos.
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Communicating with partner organisations and engagement with the wider community.
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Development and training of staff to provide high quality support and social care.
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Underlining the unique environment both of Thornage Hall Independent Living itself and of North Norfolk, not only as a desirable place to live, but also where career aspirations can be realised.
5. Our built environment
The development and improvement of the houses and facilities across our estate will be instrumental in helping us to meet our ambitions for providing the live, learn and work opportunities we wish to achieve over the next five years. In particular we will focus on the following initiatives:
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Plans to reconfigure accommodation in the Hall bringing en-suite and equitable standards of accommodation for all tenants.
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Continuation of our ongoing planned maintenance programme to maintain the upkeep and upgrade the standards of our existing accommodation as identified to a high standard some of which is heritage category Grade II listed.
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The development of a fundraising appeal to support the capital requirements for the development of Orchard Lodge, a further 5 bedroom accommodation unit.
Public benefit
The Trustees confirm that they have had due regard to Charity Commission guidance on public benefit.
Thornage Hall Independent Living Limited exists to promote the health and independence of all who live and work in its community. It has a strong emphasis on developing citizenship and a community culture, to enable each individual to develop their skills and interests to maximise their personal potential. This takes place alongside our bio-dynamic approach to managing the land, which is demonstrated to have benefits for environmental protection and improvement of the land.
The community is open to anybody identified as having a need for services following an assessment with their local authority, with Norfolk County Council residents being considered in the first instance. People of any race, religion, gender, culture, disability or orientation may seek to join us, in line with our policies on equality and diversity. Our services all operate on an individual's needs basis in line with public funding criteria.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Achievements and performance
During this period we have continued to be affected by the COVID-19 Pandemic and as a result of infrequent positive COVID-19 cases we have had to implement our contingency plans for the benefit of the community on a few occasions.
In spite of this we were finally able to action some of the planned maintenance projects which included the installation of a new kitchen in Hawthorn in February. We were able to carry out repairs to the Long Barn, complete work at Grange Cottage and after many years able to carry out work in the Herb Garden. This work has been for the benefit of our tenants and service users who will reap the rewards of the sensory experience in the Herb Garden for years to come.
A substantial donation from the Wroxham Bure Valley Rotary Club enabled us to build a much needed field shelter for our Red Poll Cattle together with a packing shed where the market garden team are able to prepare and box up orders for our bio-dynamic produce which continues to be ordered by a number of outlets across Norfolk.
As the restrictions surrounding COVID-19 were slowly lifted we were able to support our tenants to attend a number of Christmas outings which they always enjoy. Our staff were invited to a Christmas meal at Back to the Garden and following generous donations from families all staff were given a hamper.
The anticipated introduction of the Pathways into our Day Service Provision was delayed which has afforded us more time to plan our programmes of learning in preparation for when the Pathways are introduced. We continue to receive applications and enquiries from a number of families and the local authority interested in joining our Day Service Provision.
We were able to hold a scaled down Garden Party in September for families of all our service users where we raised £4,400. This was a successful event which saw families come together for the first time since the COVID-19 Pandemic and enjoyed by all.
The Service Provision Committee continued to meet on a regular basis during this period (often via Zoom or Teams) with a new Chair, Jane Sayer - Trustee, who has been able to work closely with all representatives from our cohort of tenants, day service users and their families. Jane has carried out our annual tenant survey questionnaire and provided valuable feedback to the Senior Management Team and Board of Trustees. Jane has since been asked to devise a similar questionnaire for our day service users. This will continue to provide us with the opportunity to review and assess our range of services, ensuring our day service and supported living provisions continue to meet not only our strategic objectives, values and principles but also remain compliant with CQC (Supported Living) and Norfolk County Council Quality Assurance (Day Services).
We were able to welcome two new tenants to the community during this period. Both have settled in well and bring further experience and skills to the community both in their houses and in day services. It is hoped that we will have a further new tenant join us next in June 2022.
As a charity we joined NorCA (Norfolk Care Association) which has been acknowledged by Norfolk County Council (NCC) as the "Voice of the Sector". They facilitate a number of sector specific groups supporting Adults with Learning Disabilities, including Day Service, LD, Autism & Mental Health, Residential and Supported Living, Carers and Physical Disabilities. A number of our managers, together with the CEO, attend these groups providing valuable input and feedback which is relayed to NCC and as a result of attendance at these groups our CEO was invited to join the NorCA Board where she is able to share her knowledge and experience along with the Board Members.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Achievements and performance (continued)
Developments within the Health and Social Care sector
The introduction of Positive Behaviour Support plans across Norfolk County Council continues via the Project Board which we as a charity are involved with, this has seen a number of staff undergo training at various levels to enable us to deliver this in house from 2023. The additional developments in how adults with learning disabilities and autism should be supported with specific Autism and Learning Disability training will result in this being mandatory training from July 2022.
Housing and support
Freebridge Community Housing continue to manage our tenancies and this is an ongoing positive relationship. Norfolk County Council continue to promote their Supported Living Framework across the county. Our tenants went through the review process with staff from Norfolk County Council which will enable us to now apply to join once the framework details are released later in the year.
We have seen two of our long term tenants' move to new services as our service and registration was no longer appropriate to meet their needs and this year has seen a new Registered Manager appointed to oversee the supported living provision.
The impact of COVID-19 and the demographic of our tenants continues to highlight changes and in some cases, increases in their needs, further highlighting the need to review support packages together with our funding structure and related commissioned hours of support.
Our vision and values promotes the ethos of Live, Learn and Work which further reinforces our supported living provision. As a community we need to ensure that we have an active and participative group of tenants contributing to the community which is both meaningful and of value to further promote their individual skill development and independence.
Staff support and training
Out of necessity we have continued to use Care Skills for our on line training together with Care Certificate training and we have gradually been able to reintroduce classroom based training in key areas such as Safeguarding, Fire training, manual handling, risk assessment training.
A generous donation from a donor who wishes to remain anonymous has enabled us to register Thornage Hall as a Training/Learning Environment for Bio-dynamic principles and we have agreed to use this donation to support two trainees on the Crossfields Institute Level 3 Diploma in Biodynamic Farming and Gardening.
The Wellbeing Hub and access to the Employee Assistance Programme continue to be utilised by our staff teams with ongoing access to our in-house Wellbeing Champion who continues to identify a number of resources for all staff to access for support.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Achievements and performance (continued)
Plans for the future
Recruitment of staff across both Supported Living and our Day Service Provision has been a focus of the central team but we are not alone in documenting the difficulties we have experienced in this area. The ongoing uncertainty which COVID-19 has continued to present has made this additionally difficult but with the support from regular relief and agency staff we have been able to continually offer a safe service across both areas of the charity's business.
We have established a link with Sculthorpe Moor Nature Reserve where a number of service users are able to volunteer once a week, we will continue with our regular booking with Riding for the Disabled which is enjoyed by a number of service users together with our well established link with Cromer Tennis Club.
Moving forward we are keen to work in conjunction with other local charities who we feel would benefit from our environment, we will therefore be reaching out across the community to share ideas and promote further the opportunity to work collaboratively for the benefit of those adults with additional needs.
Our planned maintenance programme will continue with projects for the coming year including adaptation of the Grain Store into two indoor classroom spaces, improvements within the Bakery which will enable us to once again offer cookery workshops to our day service users, erection of a new office building together with internal improvements to the Hall.
Financial review
Income for the year has increased from £2,055,926 to £2,269,352 which was higher than anticipated. Significant funds were received during the year from the Royal West Norfolk Golf Day, which was originally due to be held in 2020-21, but had to be postponed due to COVID-19. This raised in excess of £250k. Proceeds from the event were raised specifically towards the Orchard Lodge appeal.
Infection Control Funds were received from the local authority to assist with the increased costs relating to COVID-19 and to enable the Charity to pay staff their normal wages whilst being required to isolate. NCC acknowledged the difficulty with staffing and high levels of staff turnover across the sector during these exceptional times and further funds were made available to support and boost workforce recruitment and retention. These funds were expended and utilised to implement the early uplift of of the 2022-23 pay review.
During the year we have seen the phased re-opening of our Day Services to our external service users together with a steady increase throughout the year in Day Service occupancy. As restrictions were lifted we have been able to welcome two new tenants into our Support Living services filling the vacancies of those moving on into more suitable settings outside of our community. As we move into 2022-23 we carry a further three vacancies of which one we shall not be looking to fill due to future planned worked.
In other areas of the Charity income we see a small return on our investments and slight increase in value of our investment portfolio.
Expenditure for the year increased as works commenced to complete the final year of the planned maintenance programme which came to a standstill in the previous financial year as a result of COVID-19. Significant works undertaken during the year includes kitchen refurbishments to two properties, external repairs to Iceni House, and structural repairs to the Long Barn together with additional repairs identified to prevent any further deterioration to the listed barns. Despite staff turnover and continued staff recruitment agency staff were a necessity to ensure safe and consistent staffing during this time and well managed to keep overall staffing costs within budget.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Financial review (continued)
Unrestricted funds
Total income in unrestricted funds (including designated funds as detailed below) amounted to £1,835,375 (2021: £1,996,973) and after expenditure of £2,014,772 (2021: £1,796,914) and an investment gain of £3,586 (2021: £20,106), the net movement of funds before transfers amounted to a deficit of £175,811 (2021: surplus of £220,165).
Designated funds
The Contingency Fund was set up to cover the cost of the future needs of individual tenants that are not already met by the community's existing funding. The fund had net expenditure of £19,038 (2021: net income of £4,634) and after an investment gain of £3,586 (2020: £20,106) the net reduction in the fund before transfers was £15,452 (2021: net increase of £24,740). However, to reflect the changes in commissioned funding and individual benefit payments the purpose of this fund was reviewed as tenant's needs are currently met within their own financial circumstances which is far more robust than in previous years when the fund was established, therefore a decision was made to transfer the Contingency Fund balance of £400,480 into the General Fund.
In addition funds totalling £4,919 have been transferred from unrestricted funds to both supplement the existing funds and create new designations. Costs of £39,716 (2021: £nil) have been expended from designated funds during the current year. This includes a £10,001 transfer to unrestricted funds which represents capital expenditure.
At 31 March 2022 designated funds amounted to £1,078,786 (2021: £1,529,515).
Restricted funds
Total income in restricted funds amounted to £433,977 (2021: £58,953) and after expenditure of £49,982 (2021: £46,443) and transfers of £8,004 (2021: £5,200) restricted funds carried forward amounted to £403,952 (2021: £27,961).
The Trustees believe the state of the Charity's financial affairs to be satisfactory.
Principal funding sources
Much of the Charity's income is fees for day services, non housing related support and housing benefit received from primarily Norfolk County Council and North Norfolk District Council.
Investment powers
Under the Memorandum and Articles of Association, the Charity has the power to make any investment which the Trustees see fit. The investments are managed by Barratt & Cooke, members of the London Stock Exchange, with prior approval by the Trustees.
Investment policy
The Trustees have given careful consideration to the investment policy, balancing risk and reward. They have concluded that an investment portfolio of medium risk, structured to produce a reasonable level of income, together with the opportunity for capital growth is the most appropriate. The Trustees have a policy of purchasing ethically based investments wherever this is practical.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Financial review (continued)
Reserves policy
The Trustees have given careful consideration to the level of free reserves the charity should hold and have established a policy of holding six months normal running costs, which at 31 March 2022 amounted to £1,030,000.
As at 31 March 2022, the free reserves amounted to £966,130 which is calculated as unrestricted net current assets less designated funds.
The Trustees have planned a number of areas of expenditure for which they have designated funds as follows:
Planned Maintenance Fund - Following the completion of the original planned maintenance programme and following the Charity's objectives to upgrade and improve the accommodation it has been identified and agreed to complete the reconfiguration and upgrade of the grade II listed Hall. These planned works due to commence during 2023, will create en-suite facilities for a further 5 bedrooms together with the upgrade of existing en-suite facilities. To ensure these much needed works are carried out the Trustees have designated £250,000 to cover associated fees and costs. Further surveys have been carried out on all the buildings across the Supported Living and Day Service provision to inform the next five year planned maintenance programme and to ensure the continued upkeep of the Charity's buildings.
Following the success of the Royal West Norfolk Golf Day and generous donations a further £369,590 has been received in restricted funds towards the planned new build 'Orchard Lodge'. Orchard Lodge, which will offer five accessible en-suite rooms to tenants will enable the Charity to continue to offer suitable accommodation to our aging population into their later years. The Trustees have designated a further £135,000 commitment to this much needed project, bringing the total funds to £716,590 which equate to 50% of the £1.4M valuation required to complete the build.
It had been agreed in the previous financial year to review the requirement for further suitable office and staff facilities to ensure compliance with Government guidance following the COVID-19 pandemic. In reviewing this the Trustees have taken into consideration the increase in staff numbers, changes in the staff structure over the years which has resulted in a larger central staffing team, which further reinforces the need to expand on the current space available. As a result and with careful consideration plans have been drawn to extend on the current office space to create a new reception area and further three small offices to which £230,000 has been designated.
Further designated funds of £6,731 for Day Services Equipment and Facilities will go toward the planned reconfiguration of the bakery/cookery room with the addition of three individual cooking workstations. These will support the delivery of the NCC Life Opportunities model and Supported Living framework specification.
Structure, governance and management
Governing document
Thornage Hall Independent Living Limited is a charitable company limited by guarantee, incorporated on 3 August 1987 and registered as a charity on 12 August 1987. The Charity is governed by its Memorandum and Articles of Association adopted on 3 August 1987 and amended on 17 April 2007, 26 October 2009 and 13 December 2018, these are currently being reviewed to reflect changes in management and to ensure compliance with relevant legislation. In the event of the Charity being wound up, the liability is is limited to £1 per member of the Charity.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Structure, governance and management (continued)
Recruitment and appointment of Trustees
There shall be at least three Trustees, each Trustee will be expected to bring a level of specialism in their field of expertise.
At every AGM one third of the Trustees shall retire from office. The Trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment.
The Trustees may appoint a person who is willing to act as a Trustee, either to fill a vacancy or as an additional Trustee. A Trustee so appointed shall hold office only until the next following AGM, and shall not be taken into account in determining the Trustees who are to retire by rotation at that AGM. If not reappointed at such AGM he/she will vacate office at the end of the meeting.
Where the Trustee is the CQC nominated individual there is a requirement to familiarise themselves with CQC principles and be fully understanding of the role.
The current appointment of Trustees offers a balanced gender and experienced board.
Trustee induction and training
All new Trustees will be provided with copies of:
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The Memorandum and Articles of Association
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The latest accounts of the Charity
and are encouraged to read Charity Commission guidance notes CC3 - The Essential Trustee "What you need to know, what you need to do".
In addition Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
Risk management
The Trustees have completed a thorough review of the Community's activities to identify the opportunities available to the Community and the risks to which it is exposed. The review covered the risks in the following areas: strategic, operational, environmental, compliance and financial. The Trustees reconsider each year the requirement for additional safeguards in the form of systems and procedures to supplement those already in place. In addition, the Trustees will ensure there are adequate procedures to minimise any potential impact on the Community should any of those risks materialise.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Structure, governance and management (continued)
Organisational structure
The Trustees meet on a regular basis, a minimum of four times a year, in order to monitor the progress of the Community, to make key decisions and to see that legal requirements such as those of the Registrar of Companies, the Charity Commissioners, the Social Services Departments and other regulatory bodies are adhered to. Individual Trustees have lead roles in important areas of the organisation.
The Trustees delegate day-to-day running and management of the Community to the Chief Executive Officer in conjunction with the Senior Management Group. The Senior Management Group includes the Director of Independent Living and the Director of Finance and Estates. Further specific groups report to the Senior Management Group and are responsible for specific tasks. These groups include:
• Independent Living Managers/Senior Support Workers, reporting to the Director of Independent Living - responsible for the support of the tenants and running of the houses.
• Director of Finance and Estates - responsible for the financial affairs of the day-to-day running of the Charity as well as management of the Estate.
• Office administration reporting to the Executive Assistant - Business Support - responsible for the administration of the central office and administration support to the Senior Management Group.
• Day Services Operational Managers - responsible for the management of Day Services, Farm and Garden.
This structure has evolved into an effective mechanism for both:
• managing the diverse elements of the Charity's service; and
• ensuring the effective participation and involvement of all members of the Community, should they wish, to be involved in the management and development of the Community.
Key management personnel
The Trustees consider the Board of Directors, who are the Charity's Trustees, and the Senior Management Group to comprise the key management personnel of the Charity, in charge of directing and controlling, running and operating the charity on a day to day basis. All Trustees give their time freely. Details of Trustees expenses are disclosed in note 15 to the accounts.
The pay of the senior staff is reviewed subject to the results of the local authority contract negotiations, and normally increased in accordance with average earnings. In view of the nature of the Charity the Trustees benchmark against pay levels in other care sector providers. The remunerations bench-mark is the mid-point of the range paid for similar roles.
Related parties
The Charity is a member of the Association of Camphill Communities UK and the Camphill Benevolent Fund.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Structure, governance and management (continued)
Fundraising
The Charity has two main fundraising events during the year. An Annual Garden Fete that takes place in September and the Norfolk Christmas Fair in aid of Thornage Hall during November. The Garden Fete is organised by the staff team and the Christmas Fair is organised by a committee of volunteer supporters headed up by a Trustee who reports back to the Senior Management Group. The Charity complies with the Fundraising Regulator's Code of Fundraising Practice in its fundraising activity, and during the year there were no instances of non-compliance noted, and no complaints received by the charity about fundraising. Fundraising events are promoted through local advertising, posters, the Charity's website and social media accounts and the Charity's contacts database for those that have requested to be informed. In addition to fundraising income, the Charity receives donations from its supporters but does not actively seek donors.
The Charity worked with a professional fundraiser during the year in connection with the Royal West Norfolk Golf Day. However in respect of its ordinary fundraising events detailed above, the Charity does not work with professional fundraisers or commercial participators, and does not engage directly with vulnerable people or the general public in its fundraising activities.
Trustees' responsibilities statement
The trustees (who are also directors 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 year. 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 charitable company for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Trustees' annual report (incorporating the directors' report) (continued)
Year ended 31 March 2022
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
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they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
Small company provisions
This report has been prepared taking advantage of the small companies' exemption of section 415A of the Companies Act 2006.
The trustees' annual report was approved on 14 November 2022 and signed on behalf of the board of trustees by:
T M Fitzalan Howard CBE Chair
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Independent auditor's report to the members of Thornage Hall Independent Living Limited
Year ended 31 March 2022
Opinion
We have audited the financial statements of Thornage Hall Independent Living Limited (the 'charity') for the year ended 31 March 2022 which comprise the statement of financial activities (including income and expenditure account), balance sheet, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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Thornage Hall Independent Living Limited
Company Limited by Guarantee
Independent auditor's report to the members of Thornage Hall Independent Living Limited (continued)
Year ended 31 March 2022
Other information
The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
- 15 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Independent auditor's report to the members of Thornage Hall Independent Living Limited (continued)
Year ended 31 March 2022
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-
Enquiry of management and those charged with governance;
-
Enquiry of entity staff compliance functions to identify any instances of non-compliance with laws and regulations;
-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliances with applicable laws and regulations.
-
Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluation the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
- 16 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Independent auditor's report to the members of Thornage Hall Independent Living Limited (continued)
Year ended 31 March 2022
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mark Proctor FCA DChA (Senior Statutory Auditor)
For and on behalf of Lovewell Blake LLP Chartered accountants & statutory auditor Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
29 November 2022
- 17 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Statement of financial activities (including income and expenditure account)
Year ended 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 604 | 134,941 | 135,545 | 32,891 |
| Charitable activities | 6 | 1,813,369 | 31,662 | 1,845,031 | 1,995,953 |
| Other trading activities | 7 | 5,089 | 267,374 | 272,463 | 10,525 |
| Investment income | 8 | 14,404 | – | 14,404 | 15,423 |
| Other income | 9 | 1,909 | – | 1,909 | 1,134 |
| ─────────── | ───────── | ─────────── | ─────────── | ||
| Total income | 1,835,375 | 433,977 | 2,269,352 | 2,055,926 | |
| ═══════════ | ═════════ | ═══════════ | ═══════════ | ||
| Expenditure | |||||
| Raising funds | |||||
| Costs of other trading activities | 10 | (3,936) | – | (3,936) | (274) |
| Charitable activities | 11 | (2,010,836) | (49,982) | (2,060,818) | (1,843,083) |
| ─────────── | ───────── | ─────────── | ─────────── | ||
| Total expenditure | (2,014,772) | (49,982) | (2,064,754) | (1,843,357) | |
| ═══════════ | ═════════ | ═══════════ | ═══════════ | ||
| Net income and net movements in funds | |||||
| before gains and losses on investments | (179,397) | 383,995 | 204,598 | 212,569 | |
| Net gains on investments | 12 | 3,586 | – | 3,586 | 20,106 |
| Net income before transfer of funds | (175,811) | 383,995 | 208,184 | 232,675 | |
| Transfers between funds | 8,004 | (8,004) | – | – | |
| ─────────── | ───────── | ─────────── | ─────────── | ||
| Net movement in funds | (167,807) | 375,991 | 208,184 | 232,675 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 4,810,973 | 27,961 | 4,838,934 | 4,606,259 | |
| ─────────── | ───────── | ─────────── | ─────────── | ||
| Total funds carried forward | 4,643,166 | 403,952 | 5,047,118 | 4,838,934 | |
| ═══════════ | ═════════ | ═══════════ | ═══════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 21 to 36 form part of these financial statements.
- 18 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Balance sheet
31 March 2022
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible fixed assets | 16 | 2,434,147 | 2,525,504 | |||
| Investments | 17 | 164,103 | 160,517 | |||
| ─────────── | ─────────── | |||||
| 2,598,250 | 2,686,021 | |||||
| Current assets | ||||||
| Stocks | 18 | 16,176 | 16,176 | |||
| Debtors | 19 | 183,463 | 112,946 | |||
| Cash at bank and in hand | 2,549,092 | 2,215,473 | ||||
| ─────────── | ─────────── | |||||
| 2,748,731 | 2,344,595 | |||||
| Creditors: Amounts falling due within | ||||||
| one year | 20 | 299,863 | 191,682 | |||
| ─────────── | ─────────── | |||||
| Net current assets | 2,448,868 | 2,152,913 | ||||
| ─────────── | ─────────── | |||||
| Total assets less current liabilities | 5,047,118 | 4,838,934 | ||||
| ─────────── | ─────────── | |||||
| Net assets | 5,047,118 | 4,838,934 | ||||
| ═══════════ | ═══════════ | |||||
| Funds of the charity | ||||||
| Restricted funds | 403,952 | 27,961 | ||||
| Unrestricted funds | 4,643,166 | 4,810,973 | ||||
| ─────────── | ─────────── | |||||
| Total charity funds | 23 | 5,047,118 ═══════════ |
4,838,934 ═══════════ |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 14 November 2022 and are signed on behalf of the board by:
T M Fitzalan Howard CBE Chair
Company registration number: 2152319
The notes on pages 21 to 36 form part of these financial statements.
- 19 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Statement of cash flows
Year ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 208,184 | 232,675 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 109,436 | 108,201 |
| Net gains on investments | (3,586) | (20,106) |
| Dividends, interest and rents from investments | (13,363) | (13,067) |
| Other interest receivable and similar income | (1,041) | (2,356) |
| Changes in: | ||
| Trade and other debtors | (70,517) | 37,746 |
| Trade and other creditors | 108,181 | 41,067 |
| ───────── | ───────── | |
| Cash generated from operations | 337,294 | 384,160 |
| Interest received | 1,041 | 2,356 |
| ───────── | ───────── | |
| Net cash from operating activities | 338,335 | 386,516 |
| ═════════ | ═════════ | |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 13,363 | 13,067 |
| Purchase of tangible assets | (18,155) | (20,118) |
| Proceeds from sale of tangible assets | 76 | – |
| Purchases of other investments | (9,982) | – |
| Proceeds from sale of other investments | 9,982 | 6 |
| ───────── | ───────── | |
| Net cash used in investing activities | (4,716) | (7,045) |
| ═════════ | ═════════ | |
| Net increase in cash and cash equivalents | 333,619 | 379,471 |
| Cash and cash equivalents at beginning of year | 2,215,473 | 1,836,002 |
| ─────────── | ─────────── | |
| Cash and cash equivalents at end of year | 2,549,092 | 2,215,473 |
| ═══════════ | ═══════════ |
The notes on pages 21 to 36 form part of these financial statements.
- 20 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Thornage Hall, Thornage, Holt, Norfolk, NR25 7QH.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £.
(b) Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
The Trustees have taken into account the impact of Covid-19 on the charity in making this assessment.
(c) Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(d) Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- 21 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Income (continued)
-
Income received by way of donations, legacies, grants and gifts is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the Charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant.
-
Investment income is included when receivable.
-
Income from charitable trading activity is accounted for when earned.
-
Income from grants, where related to performance and specific deliverables, are accounted for as the Charity earns the right to consideration by its performance.
(e) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
-
expenditure on raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
-
expenditure on charitable activities comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
(f) Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against surpluses on a straight line basis over the period of the lease.
(g) Tangible assets
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions costing less than £1,000 are not capitalised.
(h) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Residential buildings | - | over 40 years |
|---|---|---|
| Farm buildings | - | over 25 years |
| Motor vehicles and machinery | - | 25% reducing balance |
| Furnishings and equipment | - | 25% reducing balance and straight line |
- 22 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Depreciation (continued)
No depreciation is provided for assets in the course of construction until the assets are brought into their intended use.
(i) Investments
Investments held as fixed assets are revalued at fair value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.
(j) Stocks
Stocks have been valued at the lower of cost and net realisable value.
(k) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
(l) Defined contribution plans
The Charity operates two defined contribution pension schemes in respect of employees and co-workers, a contribution stakeholder scheme (People's Pension) in respect of employees and co-workers and a money purchase scheme for co-workers only with Camphill Benevolent Fund, to which the trustees made no contributions during the year. The assets of these schemes are held separately from those of the Charity in independently administered funds. The pension cost charge represents contributions payable by the Charity to the schemes.
4. Limited by guarantee
Thornage Hall Independent Living Limited is a registered charity and company limited by guarantee with no share capital. The liability of each member in the event of a winding up is limited to £1.
- 23 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 604 | 134,941 | 135,545 | |
| ════ | ═════════ | ═════════ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 14,003 | 18,888 | 32,891 | |
| ═══════ | ═══════ | ═══════ | ||
| 6. | Charitable activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Fees and contributions | 1,743,980 | – | 1,743,980 | |
| Farm and garden income | 38,948 | – | 38,948 | |
| Workshop income | 5,570 | – | 5,570 | |
| COVID-19 Support | 24,871 | 31,662 | 56,533 | |
| ─────────── | ─────── | ─────────── | ||
| 1,813,369 | 31,662 | 1,845,031 | ||
| ═══════════ | ═══════ | ═══════════ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Fees and contributions | 1,880,178 | – | 1,880,178 | |
| Farm and garden income | 45,057 | – | 45,057 | |
| Workshop income | 8,270 | – | 8,270 | |
| COVID-19 Support | 22,383 | 40,065 | 62,448 | |
| ─────────── | ─────── | ─────────── | ||
| 1,955,888 | 40,065 | 1,995,953 | ||
| ═══════════ | ═══════ | ═══════════ | ||
| 7. | Other trading activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Fundraising events | 5,089 | 267,374 | 272,463 | |
| ══════ | ═════════ | ═════════ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Fundraising events | 10,525 | – | 10,525 | |
| ═══════ | ════ | ═══════ |
- 24 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
8. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Income from fixed asset investments | 3,823 | 3,823 | 3,527 | 3,527 |
| Rental income | 9,540 | 9,540 | 9,540 | 9,540 |
| Bank interest receivable | 1,041 | 1,041 | 2,356 | 2,356 |
| ─────── | ─────── | ─────── | ─────── | |
| 14,404 | 14,404 | 15,423 | 15,423 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
9. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Asset sales | 1,025 | 1,025 | – | – |
| Insurance claim | 884 | 884 | 1,134 | 1,134 |
| ────── | ────── | ────── | ────── | |
| 1,909 | 1,909 | 1,134 | 1,134 | |
| ══════ | ══════ | ══════ | ══════ |
10. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Costs of other trading activities - Staging | ||||
| events | 3,936 | 3,936 | 274 | 274 |
| ══════ | ══════ | ════ | ════ |
- 25 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
11. Expenditure on charitable activities by activity type
| Community | Land | Support | Total Funds |
Total Funds | |
|---|---|---|---|---|---|
| expenses | expenses | costs | 2022 | 2021 | |
| £ | £ | £ | £ | £ | |
| Community expenses | 15,118 | 50 | – | 15,168 | 11,452 |
| Medical expenses | – | – | 702 | 702 | 1,067 |
| Food | 53,508 | 776 | 124 | 54,408 | 62,603 |
| Household | 19,400 | 17,769 | 9,926 | 47,095 | 44,843 |
| Estate and general | |||||
| maintenance | 180,087 | 99,519 | 1,446 | 281,052 | 70,364 |
| Light, heat and fuel | 41,284 | 3,780 | 3,652 | 48,716 | 38,377 |
| Rent, rates and water | 10,471 | 2,158 | – | 12,629 | 12,487 |
| Insurance | 18,664 | 3,605 | 2,684 | 24,953 | 21,513 |
| Motor and travel expenses | 2,438 | 3,613 | 59 | 6,110 | 8,776 |
| Wages and staff costs | 911,163 | 176,047 | 190,165 | 1,277,375 | 1,312,346 |
| Training and education | 1,381 | 607 | 6,197 | 8,185 | 6,932 |
| Contributions | 286 | 1,042 | 3,524 | 4,852 | 4,874 |
| Advertising | 1,158 | 675 | 2,231 | 7,275 | 1,684 |
| Printing, postage and stationery | 191 | 145 | 6,767 | 7,103 | 9,782 |
| Telephone | 72 | – | 5,364 | 5,436 | 7,435 |
| Professional fees | 24,250 | 29,561 | 66,685 | 120,496 | 98,937 |
| Sundries | 570 | 183 | 2,638 | 3,391 | 580 |
| Depreciation | 85,498 | 21,860 | 2,078 | 109,436 | 108,201 |
| Bank interest and charges | 24 | – | 1,649 | 1,673 | 1,718 |
| Farm cost of sales | – | 8,420 | – | 8,420 | 5,674 |
| Veterinary fees | – | 2,574 | – | 2,574 | 2,036 |
| Repairs and renewals | – | 4,057 | – | 4,057 | 2,784 |
| Pest control | 222 | 658 | – | 880 | 950 |
| Governance costs | – | – | 8,832 | 8,832 | 7,668 |
| ─────────── | ───────── | ───────── | ─────────── | ─────────── | |
| 1,365,785 | 377,099 | 314,723 | 2,060,818 | 1,843,083 | |
| ═══════════ | ═════════ | ═════════ | ═══════════ | ═══════════ |
Included in the above is restricted charitable expenditure of £49,982 (2021: £46,443).
Analysis of governance costs
| Unrestricted | **Restricted ** | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Audit fee | 8,934 | – | 8,934 | 7,932 |
| Audit fee re previous years | (102) | – | (102) | (264) |
| ────── | ──── | ────── | ────── | |
| 8,832 | – | 8,832 | 7,668 | |
| ══════ | ════ | ══════ | ══════ |
- 26 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
12. Net gains on investments
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Gains on listed investments | 3,586 | 3,586 | 20,106 | 20,106 | |
| ══════ | ══════ | ═══════ | ═══════ |
13. Net income
| Net income is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 109,436 | 108,201 |
| Fees payable for the audit of the financial statements | 8,934 | 7,932 |
| Fees payable for the audit of the financial statements - prior year | (102) | (264) |
| Operating lease payments | 1,065 ═════════ |
689 ═════════ |
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 1,166,473 | 1,197,370 |
| Social security costs | 85,423 | 86,070 |
| Employer contributions to pension plans | 48,674 | 49,563 |
| ─────────── | ─────────── | |
| 1,300,570 | 1,333,003 | |
| ═══════════ | ═══════════ |
Key management personnel remuneration amounted to £132,423 (2021: £151,367) in respect of 2 (2021: 3) employees.
The average head count of employees during the year was 47 (2021: 54). The average number of full-time equivalent employees during the year is analysed as follows:
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Number of administrative staff | 4 | 4 |
| Number of other staff | 35 | 40 |
| ──── | ──── | |
| 39 | 44 | |
| ════ | ════ | |
| The number of employees whose remuneration for the year fell within the following bands, | were: | |
| 2022 | 2021 | |
| No. | No. | |
| £60,000 to £69,999 | 1 | 1 |
| ════ | ════ |
15. Trustee remuneration and expenses
No Trustee received any remuneration from the Charity during either the current or previous year.
No Trustee was reimbursed expenditure during either the current or previous year.
- 27 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
16. Tangible fixed assets
| Land and | Agricultural | Motor | Residential | ||
|---|---|---|---|---|---|
| buildings | machinery | vehicles | equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 Apr 2021 | 4,095,079 | 149,927 | 56,114 | 197,600 | 4,498,720 |
| Additions | 4,992 | – | – | 13,163 | 18,155 |
| Disposals | – | (4,755) | – | – | (4,755) |
| ─────────── | ───────── | ─────── | ───────── | ─────────── | |
| At 31 Mar 2022 | 4,100,071 | 145,172 | 56,114 | 210,763 | 4,512,120 |
| ═══════════ | ═════════ | ═══════ | ═════════ | ═══════════ | |
| Depreciation | |||||
| At 1 Apr 2021 | 1,605,048 | 134,449 | 55,024 | 178,695 | 1,973,216 |
| Charge for the year | 98,681 | 3,851 | 273 | 6,631 | 109,436 |
| Disposals | – | (4,679) | – | – | (4,679) |
| ─────────── | ───────── | ─────── | ───────── | ─────────── | |
| At 31 Mar 2022 | 1,703,729 | 133,621 | 55,297 | 185,326 | 2,077,973 |
| ═══════════ | ═════════ | ═══════ | ═════════ | ═══════════ | |
| Carrying amount | |||||
| At 31 Mar 2022 | 2,396,342 | 11,551 | 817 | 25,437 | 2,434,147 |
| ═══════════ | ═════════ | ═══════ | ═════════ | ═══════════ | |
| At 31 Mar 2021 | 2,490,031 | 15,478 | 1,090 | 18,905 | 2,525,504 |
| ═══════════ | ═════════ | ═══════ | ═════════ | ═══════════ |
17. Investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 Apr 2021 | 160,517 |
| Additions | 9,982 |
| Disposals | (9,982) |
| Other movements | 3,586 |
| ───────── | |
| At 31 Mar 2022 | 164,103 |
| ═════════ | |
| Impairment | |
| At 1 Apr 2021 and 31 Mar 2022 | |
| Carrying amount | |
| At 31 Mar 2022 | 164,103 |
| ═════════ | |
| At 31 Mar 2021 | 160,517 |
| ═════════ |
All investments shown above are held at valuation.
Financial assets held at fair value
The fair value of listed securities is determined by reference to the quoted price for these assets in an active market at the balance sheet date.
- 28 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
17. Investments (continued)
Investments comprise the following:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Listed securities | 160,517 | 140,411 | |
| Cash held for re-investment | – | 6 | |
| ───────── | ───────── | ||
| 160,517 | 140,417 | ||
| ═════════ | ═════════ | ||
| 18. | Stocks | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Livestock | 16,176 | 16,176 | |
| ═══════ | ═══════ | ||
| 19. | Debtors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade debtors | 52,845 | 14,539 | |
| Prepayments and accrued income | 114,725 | 96,109 | |
| Other debtors | 15,893 | 2,298 | |
| ───────── | ───────── | ||
| 183,463 | 112,946 | ||
| ═════════ | ═════════ | ||
| 20. | Creditors: Amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade creditors | 122,003 | 50,531 | |
| Accruals and deferred income | 145,376 | 112,348 | |
| Social security and other taxes | 32,484 | 28,803 | |
| ───────── | ───────── | ||
| 299,863 | 191,682 | ||
| ═════════ | ═════════ | ||
| 21. | Deferred income | ||
| 2022 | 2021 | ||
| £ | £ | ||
| At 1 April 2021 | 51,359 | 565 | |
| Amount released to income | (51,359) | (565) | |
| Amount deferred in year | 91,628 | 51,359 | |
| ─────── | ─────── | ||
| At 31 March 2022 | 91,628 | 51,359 | |
| ═══════ | ═══════ |
Deferred income comprises the advance receipt of income in respect of charitable activities.
- 29 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
22. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £48,674 (2021: £49,563).
23. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At |
||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses | 31 Mar 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | 3,281,458 | 1,822,002 | (1,952,646) | 413,566 | – | 3,564,380 |
| Capital Projects | 437,900 | – | (7,900) | 135,000 | – | 565,000 |
| Maintenance Fund | 250,000 | – | – | – | – | 250,000 |
| Future Projects | 381,000 | – | – | (135,000) | – | 246,000 |
| Day Services | ||||||
| Equipment and | ||||||
| Facilities | 6,230 | – | (718) | 1,219 | – | 6,731 |
| Herb Garden | 17,932 | – | (13,864) | – | – | 4,068 |
| Activities Room | ||||||
| Equipment | 14,710 | – | (1,422) | (10,001) | – | 3,287 |
| Sensory Room / | ||||||
| Equipment | – | – | – | 2,500 | – | 2,500 |
| All Purpose Sports | – | – | – | 1,000 | – | 1,000 |
| Pitch | ||||||
| IT & Photography | – | – | – | 200 | – | 200 |
| Contingency Fund | 415,932 | 13,373 | (32,411) | (400,480) | 3,586 | – |
| Grange Cottage | 5,811 | – | (5,811) | – | – | – |
| ─────────── | ─────────── | ─────────── | ───────── | ────── | ─────────── | |
| 4,810,973 | 1,835,375 | (2,014,772) | 8,004 | 3,586 | 4,643,166 | |
| ═══════════ | ═══════════ | ═══════════ | ═════════ | ══════ | ═══════════ |
- 30 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
| At | Gains and | At |
||||
|---|---|---|---|---|---|---|
| 1 Apr 2020 | Income | Expenditure | Transfers | losses | 31 Mar 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | 3,360,833 | 1,983,846 | (1,788,421) | (274,800) | – | 3,281,458 |
| Capital Projects | 157,900 | – | – | 280,000 | – | 437,900 |
| Contingency Fund | 391,192 | 13,127 | (8,493) | – | 20,106 | 415,932 |
| Future Projects | 381,000 | – | – | – | – | 381,000 |
| Maintenance Fund | 250,000 | – | – | – | – | 250,000 |
| Herb Garden | 17,932 | – | – | – | – | 17,932 |
| Activities Room | ||||||
| Equipment | 14,710 | – | – | – | – | 14,710 |
| Day Services | ||||||
| Equipment and | ||||||
| Facilities | 6,230 | – | – | – | – | 6,230 |
| Grange Cottage | 5,811 | – | – | – | – | 5,811 |
| ─────────── | ─────────── | ─────────── | ───────── | ─────── | ─────────── | |
| 4,585,608 | 1,996,973 | (1,796,914) | 5,200 | 20,106 | 4,810,973 | |
| ═══════════ | ═══════════ | ═══════════ | ═════════ | ═══════ | ═══════════ |
- 31 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
23. Analysis of charitable funds (continued)
In 1998 the community set up the Contingency Fund to cover the costs of the future needs of the tenants in the community that are not already met by the commissioned funding of the Charity including capital projects. Investment income is allocated to the fund as agreed by the Trustees. A decision has been made during the year that the purpose of this fund was no longer relevant and it is therefore unlikely to be expended, as a result the balance of the fund has been transferred back into the General Fund.
The maintenance fund was created following the completion of a detailed condition survey which has led to a planned five year maintenance program. Significant maintenance has been carried out over the initial planned period and improvements to tenant facilities to create a high standard of accommodation across the community. The balance of the funds has been designed towards the next period of planned maintenance and to include the reconfiguration of the Hall, grade 2 listed building to upgrade and create en-suite facilities for those existing tenants.
The Grange Cottage fund was set up for the planned works to the cottage, the balance of which was
the retention held, this was released in the current year.
Capital projects - An amount of £135,000 has been transferred from the Future Projects fund in the current year towards the future build of Orchard Lodge bringing the total designated funds as at 31 March 2022 to £335,000. It has been acknowledged by the Trustees the need for the investment in suitable office space for the expanding central staffing particularly during the pandemic to ensure IPC protocol can be maintained across the community now and into the future. Planning has been approved for the extension of the existing central office with £230,000 transferred from the general fund towards this project in the previous year which is due to commence during 2022/23. Total Capital Projects designated funds amount to £565,000.
Donations received have been allocated to the herb garden fund to replace the existing garden with a raised herb garden to allow for greater accessibility. Works have been undertaken in the current year after having been delayed due to Covid.
The Day Services Equipment Fund was set up for the provision of equipment for day service activities.
Planned expenditure has been delayed due to Covid.
The Activities Room Equipment fund has been created with the proceeds from the fete in order to equip the newly created activities room "Gregories Barn". Equipment amounting to £11,432 was purchased from the fund, of which £10,001 related to a fixed asset, a transfer of that amount has been made to the general fund.
The Future Projects fund was set up following the receipt of a generous legacy towards future new projects. This is to include the conversion of an existing farm building to create additional indoor workshop space. This need was identified as a result of Covid and the need to offer additional indoor workshop capacity. A transfer of £135,000 was made from the Future Projects fund to Capital Projects during the year towards the future build of Orchard Lodge.
Donations received have been allocated towards a Sensory Room and related quipment.
Funds have been designated for the creation of an All Purpose Sports Pitch.
Donations received have been allocated towards the purchase of IT and photography equipment.
The General Fund comprises of the surplus/deficit on the income and running costs of the charity's activities, plus donations and bank interest.
- 32 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
23. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At |
||||
| 1 Apr 2021 | Income | Expenditure | Transfers | losses | 31 Mar 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Community | ||||||
| Activities Room | 3,323 | – | (3,323) | – | – | – |
| Orchard Lodge | 12,000 | 369,590 | – | – | – | 381,590 |
| Donation for | ||||||
| alpacas | – | 300 | (300) | – | – | – |
| Day Services | ||||||
| Equipment | 2,034 | 100 | (2,134) | – | – | – |
| HM Memorial | 125 | – | – | – | – | 125 |
| Herb Garden | 599 | – | (599) | – | – | – |
| Activities Room - | ||||||
| Equipment | 3,162 | – | – | (3,162) | – | – |
| Land | – | 30,000 | (4,259) | (4,842) | – | 20,899 |
| Tenant / Social | ||||||
| Fund | 3,949 | 150 | (2,894) | – | – | 1,205 |
| IT / Media | ||||||
| Equipment | – | – | – | – | – | – |
| Staff Fund | 2,769 | 2,175 | (4,811) | – | – | 133 |
| NCC - Infection | ||||||
| Control Fund | – | 31,662 | (31,662) | – | – | – |
| ─────── | ───────── | ─────── | ────── | ──── | ───────── | |
| 27,961 | 433,977 | (49,982) | (8,004) | – | 403,952 | |
| ═══════ | ═════════ | ═══════ | ══════ | ════ | ═════════ | |
| At | Gains and | At |
||||
| 1 Apr 2020 | Income | Expenditure | Transfers | losses | 31 Mar 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Community | ||||||
| Activities Room | 3,323 | – | – | – | – | 3,323 |
| Orchard Lodge | 10,700 | 1,300 | – | – | – | 12,000 |
| Donation for | ||||||
| alpacas | 500 | – | (500) | – | – | – |
| Day Services | ||||||
| Equipment | 2,034 | – | – | – | – | 2,034 |
| HM Memorial | 125 | – | – | – | – | 125 |
| Herb Garden | 599 | – | – | – | – | 599 |
| Activities Room - | ||||||
| Equipment | 3,162 | – | – | – | – | 3,162 |
| Land | 208 | 5,000 | (8) | (5,200) | – | – |
| Tenant / Social | ||||||
| Fund | – | 6,693 | (2,744) | – | – | 3,949 |
| IT / Media | ||||||
| Equipment | – | 1,000 | (1,000) | – | – | – |
| Staff Fund | – | 4,895 | (2,126) | – | – | 2,769 |
| NCC - Infection | ||||||
| Control Fund | – | 40,065 | (40,065) | – | – | – |
| ─────── | ─────── | ─────── | ────── | ──── | ─────── | |
| 20,651 | 58,953 | (46,443) | (5,200) | – | 27,961 | |
| ═══════ | ═══════ | ═══════ | ══════ | ════ | ═══════ |
- 33 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
23. Analysis of charitable funds (continued)
The balance of the restricted funds for the Community Activity Room is the remainder of the retention held due to be released in 2022/23.
Donations have been provided towards the planned capital works for Orchard Lodge.
Donation income has been received towards the upkeep of the alpacas.
Donations which were received during the previous financial year towards day service equipment
were unable to be expended due to Covid.
Donations were received for a memorial bench for a former tenant. This will be purchased on completion of the herb garden.
Donations received have been allocated to the herb garden fund to replace the existing garden with a raised herb garden to allow for greater accessibility. Works have been undertaken during the year.
Restricted funds have received for the purchase of equipment for the activities room. During the year funds have been used to purchase audio equipment. This item was capitalised, therefore a transfer in relation to this purchase has been made to the general fund.
Donations have been received and towards expenditure to be incurred in relation to the land. During the year funds of £9,101 have been used to purchase a field shelter and packing shed, of which £4,842 was capitalised. A transfer of £4,842 in relation to this purchase has been made between the land restricted fund and general fund.
Donations have been received from tenant families to support the purchase of suitable outdoor equipment to support family visits which out of necessity had to take place outside of the home due to Covid.
Donations have been received and expended to purchase IT and media equipment which has enabled communication and sharing of short films with our Day Service Users during lockdown via various online platforms.
Donations have been received from tenant families to express their gratitude towards our staffing team during Covid. Donations received enabled us to purchase 'Thank You' gifts, including hampers for all staff and equipment for the staff wellbeing hub where staff are able to take time off shift and during lunch to relax.
Funding has been received from the Norfolk County Council Infection Control Fund towards the cost of additional equipment, paying staff their full salary whilst being required to isolate, health and safety and PPE arising as a result of Covid-19.
- 34 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
24. Analysis of net assets between funds
Year ended 31 March 2022
| Tangible fixed | Net current | ||||
|---|---|---|---|---|---|
| assets | Investments | assets | Total | ||
| £ | £ | £ | £ | ||
| Restricted Income Funds | |||||
| Orchard Lodge | – | – | 381,590 | 381,590 | |
| HM Memorial | – | – | 125 | 125 | |
| Land | – | – | 20,899 | 20,899 | |
| Tenant / Social Fund | – | – | 1,205 | 1,205 | |
| Staff Fund | – | – | 133 | 133 | |
| ──── | ──── | ───────── | ───────── | ||
| – | – | 403,952 | 403,952 | ||
| Unrestricted Income Funds | |||||
| Designated Funds | – | – | 1,078,786 | 1,078,786 | |
| General Funds | 2,434,147 | 164,103 | 966,130 | 3,564,380 | |
| ─────────── | ───────── | ─────────── | ─────────── | ||
| 2,434,147 | 164,103 | 2,044,916 | 4,643,166 | ||
| ─────────── | ───────── | ─────────── | ─────────── | ||
| 2,434,147 | 164,103 | 2,448,868 | 5,047,118 | ||
| ═══════════ | ═════════ | ═══════════ | ═══════════ | ||
| Year ended 31 March 2021 | |||||
| Tangible fixed | Net current | ||||
| assets | Investments | assets | Total | ||
| £ | £ | £ | £ | ||
| Restricted Income Funds | |||||
| Community Activities Room | – | – | 3,323 | 3,323 | |
| Orchard Lodge | – | – | 12,000 | 12,000 | |
| Day Services Equipment | – | – | 2,034 | 2,034 | |
| HM Memorial | – | – | 125 | 125 | |
| Herb Garden | – | – | 599 | 599 | |
| Activities Room - Equipment | – | – | 3,162 | 3,162 | |
| Tenant / Social Fund | – | – | 3,949 | 3,949 | |
| Staff Fund | – | – | 2,769 | 2,769 | |
| ──── | ──── | ─────── | ─────── | ||
| – | – | 27,961 | 27,961 | ||
| Unrestricted Income Funds | |||||
| Designated Funds | 175,670 | 160,517 | 1,193,328 | 1,529,515 | |
| General Funds | 2,349,834 | – | 931,624 | 3,281,458 | |
| ─────────── | ───────── | ─────────── | ─────────── | ||
| 2,525,504 | 160,517 | 2,124,952 | 4,810,973 | ||
| ─────────── | ───────── | ─────────── | ─────────── | ||
| 2,525,504 | 160,517 | 2,152,913 | 4,838,934 | ||
| ═══════════ | ═════════ | ═══════════ | ═══════════ | ||
| 25. | Analysis of changes in net debt | ||||
| At | |||||
| At 1 Apr 2021 | Cash flows | 31 Mar 2022 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 2,215,473 | 333,619 | 2,549,092 | ||
| ═══════════ | ═════════ | ═══════════ |
- 35 -
Thornage Hall Independent Living Limited
Company Limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2022
26. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Not later than | 1 | year | 1,260 ══════ |
689 ════ |
27. Related parties
P D Goddard was appointed as a Trustee of the Charity on 14 February 2022. Since this date payments of £526 have been made to P D Goddard in respect of company secretarial services. However, payments for the company secretarial work ceased on 31 March 2022 and no further payments have been made.
- 36 -