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2021-03-31-accounts

Trustees		Catherine Oppenheimer	(Chair)
		John Barneby
		Jill Bradley		(Appointed	11 November
				2020)
		Helen Carter
		Robert Foster
		Neil Macintosh
		Rupert McShane
		Justin Moore		(Appointed	8 September
				2020)
		Damian Payne
Secretary		Keith Middleton
Charity number		299766
Company	number	2220564
Registered	office	Vale House
		Sandford Road
		Littlemore
		Oxford
		Oxfordshire
		OX4 4XL
Auditor		Critchleys Audit LLP
		Beaver House
		23-38 Hythe Bridge Street
		Oxford
		OX1 2EP

		Page
Trustees' report		1-3
Statement oftrustees'	responsibilities
Independent auditor's	report	5-7
Statement offinancial	activities
Balance sheet
Statement ofcash flows		10
Notes to the financial	statements	11-21

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021		2020	2020	2020
			Notes	f	F				F
Income from:
Donations and	legacies		3	10,115	81,089	91,204	11,884	200	12,084
Charitable activities			4	2,146,502		2,146,502	2,127,813		2,127,813
Investments			5	969		969	2,614		2,614
Total income				2,157,586	81,089	2,238,675	2,142,311	200	2,142,511
Ex enditure on:
Fundraising costs of
grants and donations			6	216		216	216		216
Operation ofCare
Home			7	2,028,494	302,315	2,330,809	2,141,153	55,647	2,196,800
Total expenditure				2,028,710	302,315	2,331,025	2,141,369	55,647	2,197,016
Net gains/(losses)		on
investments				25,878		25,878	(3,899)		(3,899)
Net movement	in	funds		154,754	(221,226)	(66,472)	(2,957)	(55,447)	(58,404)
Fund balances	at 1
April 2020				3,578,630	1,158,739	4,737,369	3,581,587	1,214,186	4,795,773
Fund balances	at	31
March 2021				3,733,384	937,513	4,670,897	3,578,630	1,158,739	4,737,369

				2021		2020
			Notes
Fixed assets
Tangible assets			13		3,972,193		4,148,067
Investments			14		372,620		196,742
					4,344,813		4,344,809
Current assets
Debtors			15	64,718		20,430
Cash at bank and	in	hand		591,103		576,523
				655,821		596,953
Creditors: amounts		falling due within
one year			16	(329,737)		(204,393)
Net current assets					326,084		392,560
Total assets less	current liabilities				4,670,897		4,737,369
Income funds
Restricted funds					937,513		1,158,739
Unrestricted funds					3,733,384		3,578,630
					4,670,897		4,737,369

				2021		2020
			Notes
Cash flows from operating		activities
Cash generated from operations			20		208,963		211,152
Investing	activities
Purchase	oftangible fixed assets			(45,352)		(59,581)
Purchase	of investments			(150,000)
Investment	income received			969		2,614
Net cash	used in investing	activities			(194,383)		(56,967)
Net cash	used in financing	activities
Net increase in cash and cash equivalents					14,580		154,185
Cash and	cash equivalents	at beginning	ofyear		576,523		422,338
Cash and	cash equivalents	at end of	year		591,103		576,523

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
			E		E	E	E
Donations and gifts		10,032		10,032	9,884	200	10,084
Legacies receivable		83		83	2,000		2,000
COVID Grant income			81,089	81,089
		10,115	81,089	91,204	11,884	200	12,084
Charitable	activities
						Fee income	Fee income
						2021	2020
Fees within	charitable	activities				2,146,412	2,127,813
Other income						90
						2,146,502	2,127,813
Investments
						Unrestricted	Unrestricted
						funds	funds
						2021	2020
Interest receivable						969	2,614

						Unrestricted	Unrestricted
						funds	funds
						2021	2020
							F
	Investment		Management			216	216
						216	216
7	Charitable		activities
						2021	2020f
	Wages, salaries and			training		1,700,766	1,564,330
	Depreciation		and impairment			221,226	205,399
	Property costs					208,774	199,570
	Food, medical and household				expenses	133,979	171,853
						2,264,745	2,141,152
	Share ofsupport costs (see				note 8)	53,278	45,832
	Share ofgovernance			costs (see note 8)		12,786	9,816
						2,330,809	2,196,800
	Analysis	by fund
	Unrestricted		funds			2,028,494	2,141,153
	Restricted	funds				302,315	55,647
						2,330,809	2,196,800

Support cos	ts
			Support	Governance	2021	Support	Governance	2020
			costs	costs		costs	costs
						E
Office costs			5,927		5,927	7,770		7,770
Bank charges			710		710	809		809
Professional	charges		38,251		38,251	30,047		30,047
Staff related costs			2,178		2,178	2,273		2,273
Travel and
communication		costs	6,212		6,212	4,933		4,933
Audit fees				6,180	6,180		6,000	6,000
Insurance							616	616
Accountancy				6,606	6,606		3,200	3,200
			53,278	12,786	66,064	45,832	9,816	55,648
Analysed between
Charitable activities			53,278	12,786	66,064	45,832	9,816	55,648

Net movement in funds		2021f	2020
Net movement in funds is stated	after charging/(crediting)
Fees payable to the company's	auditor for the audit ofthe company's
financial statements		6,180	6,000
Depreciation ofowned tangible	fixed assets	221,226	205,399

					2021	2020
					Number	Number
Average	full-time equivalent		number	ofstaff	46	52
Average	monthly number	of	staff		52	59
Employment costs					2021	2020
Wages	and salaries				1,540,988	1,416,499
Social security costs					110,144	101,280
Other pension costs					49,634	46,551
					1,700,766	1,564,330

more we	re:
		2021	2020
		Number	Number
E60,000	- E70,000	1	1

Unrestricted	Unrestricted
funds	funds
2021	2020
	F
25,878	(3,899)

13	Tangible	fixed assets	fixed assets
						Vale House	Equipment	Total
						Sandford on
						Thames
						F
	Cost
	At 1 April	2020				5,361,553	347,477	5,709,030
	Additions						45,352	45,352
	Disposals						(26,094)	(26,094)
	At 31 March		2021			5,361,553	366,735	5,728,288
	Depreciation		and impairment
	At 1 April	2020				1,298,780	262,183	1,560,963
	Depreciation		charged	in the year		185,540	35,686	221,226
	Eliminated	in	respect ofdisposals				(26,094)	(26,094)
	At 31 March		2021			1,484,320	271,775	1,756,095
	Carrying	amount
	At 31 March		2021			3,877,233	94,960	3,972,193
	At 31 March		2020			4,062,774	85,293	4,148,067
	The carrying		value of land at Vale House Sandford		on Thames is:
							2021	2020
	Freehold						723,064	723,064

Fixed as	set	investments
				Listed
				investments
Cost or	valuation
At 1 April	2020			196,742
Additions				150,000
Valuation	changes			25,878
At 31 March		2021		372,620
Carrying	amount
At 31 March		2021		372,620
At 31 March		2020		196,742
			2021	2020
Investments		at fair value comprise:
Equity			149,628	66,140
Bonds			173,986	87,757
Property			30,164	17,475
Hedge Funds			7,054	5,919
Cash			11,788	19,451
			372,620	196,742

15	Debtors
				2021	2020
	Amounts falling due		within one year:
	Trade debtors			38,616	1,617
	Prepayments	and accrued income		26,102	18,813
				64,718	20,430
16	Creditors: amounts		falling due within one year
				2021f	2020
	Other taxation	and social security		33,624	23,108
	Trade creditors			231,228	136,805
	Other creditors			110
	Accruals and deferred		income	64,775	44,480
				329,737	204,393

17	Analysis of net assets between funds	Analysis of net assets between funds	Analysis of net assets between funds	Analysis of net assets between funds
			Unrestricted		Restricted		Total	Unrestricted	Restricted	Total
				funds	funds			funds	funds
				2021	2021		2021	2020	2020	2020
				f	F		f	F		F
	Fund balances at 31
	March 2021 are
	represented	by:
	Tangible assets		3,034,680		937,513	3,972,193		2,989,328	1,158,739	4,148,067
	Investments			372,620			372,620	196,742		196,742
	Current assets/
	(liabilities)			326,084			326,084	392,560		392,560
			3,733,384		937,513	4,670,897		3,578,630	1,158,739	4,737,369
18	Capital commitments								2021f	2020
	At 31 March	2021 the charity had capital			commitments	as	follows:
	Contracted	for but not	provided	in the financial statements:
	Acquisition	of property,	plant and equipment							22,645

	The remuneration of key manag	eme	nt p	ers	onnel is	as	follows.
								2021	2020
	Aggregate compensation							176,265	112,382
	Transactions with related parties
	During the year the charity entered		into	the	following	transactions		with related parties:
								2021f	2020
	Employment ofa daughter ofa	trustee						1,588
20	Cash generated from operations							2021f	2020
	Deficit for the year							(66,472)	(58,404)
	Adjustments for:
	Investment income recognised	in statement			offinancial		activities	(969)	(2,614)
	Fair value gains and losses on	investments						(25,878)	3,899
	Depreciation and impairment oftangible			fixed assets				221,226	205,399
	Movements in working capital:
	(Increase)/decrease in debtors							(44,288)	970
	Increase in creditors							125,344	61,902
	Cash generated from operations							208,963	211,152
21	Analysis ofchanges in net funds
	The charity had no debt during	the	year.