##
##
##
|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.|||||||