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2021-03-31-accounts

CONTENTS Page
Report ofthe Trustees 3 —9
Report ofthe Auditors 10-12
Statement ofcomprehensive income 13
Statement offinancial position 14
Cashflow statement 15
Notes to the Financial Statements 16 —25

Notes 2021 2020
TURNOVER 1b/2 1,661,578 1,591,768
Operating
Costs		 (1,568,085) (1,643,377)
Operating
Surplus/(Deficit)		 93,493 (51,609)
Interest Receivable 5 (i) 58 787
Movement
in fair value		 offinancial instruments 5 (ii) 124,400 (232)
Surplus/(Deficit)
on Ordinary		 Activities before 217,951 (51,054)
Taxation
Tax on Surplus/(Deficit) on Ordinary Activities
SURPLUS/(DEFICIT) FOR THE YEAR f217,951 (651,054)

Notes 2021 2020
TANGIBLE FIXED ASSETS
Property,
plant 8 equipment		 8(i) 955,857 1,005,786
Investments 8 (ii) 635,869 511,469
1,591,726 1,517,255
CURRENT ASSETS
Stock 9 3,542 5,519
Debtors 10 91,393 124,610
Cash at Bank and in Hand 246,179 70,726
341,114 200,855
CREDITORS: Amounts falling due within
one year 11 (172,630) (163,763)
Net Current Assets 168,484 37,092
CREDITORS: Amounts falling due in more
than year (241,760) (253,848)
TOTAL ASSETS LESS CURRENT LIABILITIES K1,518,450 K1,300,499
CAPITAL AND RESERVES
General Reserves 16 1,457,752 1,243,997
Restricted Reserves 16 60,698 56,502
Total Funds Z1,518,450 E1,300,499
Notes 2021 2020
Surplus/(Deficit)
from operations		 217,951 (51,054)
Adjustments
for depreciation		 and impairment 52,423 51,799
(increase)/decrease
in value		 ofinvestments (124,400) 232
145,974 977
Movements
in working		 capital
Decrease
in stocks		 1,977 27
(increase)/decrease
in		 debtors 33,217 (919)
Increase/(decrease)
in		 creditors 8,867 (54,630)
44,061 (55,522)
Net cash (absorbed)/generated by operaing activities 190,035 (54,545)
Investing
activities
Payments
for properly,
plant and		 equipment (2,494)
Cash flows from financing activities
Grants repaid (12,088) (12,088)
Net increase/(decrease)
in cash and cash equivalents		 175,453 (66,633)
Cash and cash equivalents at the beginning ofthe year 70,726 13'7,358
Cash and cash equivalents at the end of the year f246,179 F70,726
Cash and bank balances K246,179 670,726

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3 EMPLOYEE COSTS 2021 2020
Wages and Salaries 874,003 869,399
Social Security Costs 68,224 62,273
Other pension costs 14,122 16,257
f956,349 f947,929
No employee
received emoluments		 of more than 860,000.
The average
number ofemployees		 during the year, calculated on the basis of full time equivalents
was as follows:
Resident Manager 1.00 1.00
Administration 2.00 2.00
Day Care 1.50
Nursing,
Care Assistants
and Domestics		 40.00 34.50
43.00 39.00
(IVB full time is classified as 30hours ormore per period)
Remuneration
of2 (3)senior staff		 f84,351 Z104,884
TRUSTEES REMUNERATION
AND		 RELATED PARTY
TRANSACTIONS
No Trustee received
any remuneration
Expenses waived
by trustees		 during the year. ~o KO
No Trustees or other person related to the charity had any personal interest
in any contract or
transaction
entered
into by the charity during
the year (2020 ANIL)
Donations
received from Trustees were
Donations
received from connected
charities		 R300
f32,625		 8700
K2,954
5(i) INTEREST RECEIVABLE 202'I 2020
Interest receivable
on bank deposits		 f58 f787
5(ii) MOVEMENT
IN FAIR VALUE OF FINANCIAL		 INSTRUMENTS
Unrealised
gains on investments		 f124,400 (f232)

SUPLUS/(DEFICIT) ON ORDINARY ACTIVITIES ORDINARY ACTIVITIES ORDINARY ACTIVITIES ORDINARY ACTIVITIES 2021 2020
BEFORE TAXATION
Deficit on ordinary
activities
before taxation
is stated		 after charging:
Depreciation
on Housing		 Properties 38,452 38,452
Depreciation
on other Tangible		 Fixed Assets 13,971 13,348
Auditors
Remuneration		 —audit services 4,500 4,620
—audit services prior year 960
(inc VAT) - non audit services
7 TAXATION
As a charity, Bridge Care Ltd, is exempt from tax on income and gains to the extent that these
are applied to its charitable objectives. No tax charges have arisen
in the		 Charity.
Fixtures,
Freehold fittings
&
8(i) FIXEDASSETS land Buildings equipment Totai
Cost
At 1 April 2020 137,164 1,922,616 201,005 2,260,785
Additions 2,494 2,494
At 31 March 2021 E137,164 f1,922,616 f203,499 K2,263,279
Depreciation
At 1 April 2020 1,093,340 161,659 1,203,199
Charge for the year 38,452 13,971 52,423
At 31 March 2021 K1,131,792 R175,630 61,255,622
Net Book Value
At 31 March 2020 K137,164 K829,276 f39,346 61,005,786
At 31 March 2021 f137,164 K790,824 627,869 F955,857

8(ii) INVESTMENTS INVESTMENTS 2021 2020
Valuation
Brought		 Forvvard 511,469 511,701
Unrealised gain on investments 124,400 (232)
At 31 March 2021 6635,869 f511,469
9 STOCKS 2021 2020
Food 1,900 1,900
Non-Food 1,642 3,619
R3,542 E5,519
10 DEBTORS 2Q21 2Q20
Care and Accommodation Charges 82,803 121,347
Income Tax Refund 80 247
Prepayments and Accrued Income 8,290 2,427
Other debtors 221 589
R91,394 R124,610
11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020
Trade Creditors 37,033 41,8?2
Social Security and Other Taxes 19,860 13,681
Accruals 41,604 26,908
Other Creditors 62,045 69,214
Government grant 12,088 12,088
f172,630 E163,763
CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE 2021 2020
YEAR
Government
grant		 f241,760 F253,848

12 CAPITAL COMMITMENTS 2021 2020
Authorised
but not contracted		 Nil Nil
Contracted
for but not spent
13 HOUSING STOCK 2021 2020
SHG Funded 10 10
Non-SHG
Funded		 22 22
Bed spaces in accommodation owned by the Association 32 32
14 AVERAGE ACCOMMODATION CHARGE 2021 2020
The average
weekly accommodation		 charge was: f987 f933
15 RECONCILIATION
OF MOVEMENTS		 IN ASSOCIATION'S FUNDS
2021 2020
Opening
Association's
Fund		 1,300,499 1,351,553
Surplus/(Deficit)
for the financial		 year 217,951 {51,054)
Closing Association
Funds		 R1,518,450 K1,300,499

16 RESERVES As at Fund As at
01.04.2020 Income Expenditure Transfers 31.03.2021
Restricted
Reserves
The Ray King Memorial
Fund 30,560 20,325 (20,555) 30,330
Staff Fund 1,195 1,190 2,385
Projects Fund 5,405 3,100 8,505
Respite
Fund		 6,200 8,000 (6,200) 8,000
Day Club Fund 2,217 2,217
Flood Resilience Fund 10,925 (1,664) 9,261
Total Restricted
Reserves 56,502 32,615 (20,555) (7,864) 60,698
Unrestricted
Reserves
-General
Funds		 1,243,997 1,753,421 (1,547,530) 7,864 1,457,752
Total Reserves 61,300,499 E1,786,036 (E1,568,084) E1,518,450
Purposes ofRestricted Funds

General Restricted
Funds Funds Total
Tangible
Fixed Assets		 955,857 955,857
Investments 635,869 635,869
Current Assets
Current
Liabilities
Non current
liabilities
Net Assets as at 31 March 2021		 280,416
(172,630)D
(241,760)
K1,457,752		 60,698
f60,698		 341,114
(172,630)
(241,760)
E1,518,450