|Contents|||||||||
|---|---|---|---|---|---|---|---|---|
|Report ofthe Trustee.|||||||||
|Introduction .|||||||||
|Directors —Dame Hannah
Rogers Trust 2019|||||Limited (11878746)to the 31"July 2021.........................................||||
|Directors
&Trustees|—Dame Hannah||Rogers||Trust 2019|Limited (11878746)and Charity||(1194836)from the 1"|
|August 2021|||||||||
|Officers and Key Employees of||Dame|Hannah||Rogers School||.||
|Structure,
Governance|and Management.||||||||
|Appointment
of Directors to the||Corporate||Trustee Board||..|||
|Organisation.
..|||||||||
|Our history.|||||||||
|Restructure
.|||||||||
|Covid-19 Pandemic —Summary||service impact|||&re-open|plan|.. .||
|Covid-19 Pandemic —Financial||challenges||&impact mitigation|||measures||
|Trading
Companies. .................................................„„|||||||||
|Risk Management|||||||||
|Public Benefit.|||||||||
|Our current and future|plans: ..........|||||||....12|
|Financial
review - Overview ..||||||||....13|
|Financial
review - Going Concern.||||||||....13|
|Reserves policy..||||||||....14|
|Pay policy statement||||||||...15|
|Senior Leadership
Team:||||||||....15|
|Fundraising
practices.||||||||....16|
|Personal
Data .||||||||....16|
|Trustee's
responsibilities
in relation to|||the|financial statements.||||....16|
|Auditor.||||||||... 17|
|Independent
Auditor's|Report .|||||||....18|
|Consolidated
Statement|of Financial Activities.|||||||......22|
|Balance Sheet.||||||||....23|
|Notes and Accounting|Policies .|||||||. 25|
##
##
|etermination
and vitalit|etermination
and vitalit|y ofour truly i|n|spirational|yo|
|---|---|---|---|---|---|
|Charity number||306948||||
|Registered|Office|Woodland||Road||
|||lvybridge||||
|||Devon||||
|||PL21 9HQ||||
|Auditor||PKF Francis Clark||||
|||Chartered|Accountants|||
|||North Quay||House||
|||Sutton Harbour||||
|||Plymouth||||
|||PL4 ORA||||
|Solicitors||Tozers Solicitors LLP||||
|||Broadwalk||House||
|||Southernhay||West||
|||Exeter||||
|||Devon||||
|||EX1 tUA||||
|Insurance|advisors|Marsh Commercial||||
|||3"Floor||||
|||26 Lockyer||Street||
|||Plymouth||||
|||PL1 2QW||||
|Charity Website||www discoverhannahs.|||or|
|Association a
April 2021 .|s incorporated|s incorporated|on 13 March|2019as amended
by specia|2019as amended
by specia|l resolutions
dated 26 November
2020 and 2|l resolutions
dated 26 November
2020 and 2|
|---|---|---|---|---|---|---|---|
|The following|persons were||Directors of|the Corporate Trustee during||the whole ofthe year ended 31 March 2021,||
|unless otherwise||stated:||||||
|Professor David||Coslett|Chair|(Retired from the Board 12October|||2021)|
|lan Cowley|||Director|(Appointed|15June 2020, Appointed||Vice Chair 27 July 2021,|
||||Appointed
Chairman||12October 2021)|||
|Paul Boys|||Director|||||
|Simon Morris|||Director|||||
|Chris Erwood|||Director|(Appointed|15June 2020)|||
|Judith Gentry|||Director(Appointed||30 April 2021)|||
|Nigel Godefroy|||Director|(Resigned|21 July 2020)|||
|Officers and Key Employees
of Dame Hannah
Rogers School|Officers and Key Employees
of Dame Hannah
Rogers School|Officers and Key Employees
of Dame Hannah
Rogers School|Officers and Key Employees
of Dame Hannah
Rogers School|||
|---|---|---|---|---|---|
|James Derrick|Director of|Finance|&Company
Secretary|||
|Wayne Fulton|Director of|Adult Services||||
|Mare Chudley|Registered|Manager|(Hannahwood
Transitions|&Hannahwood|Mews)|
|John McDonald|Registered|Manager|(Arthur Care Home)|||
|Helen Vallis|Senior HR|Advisor||||
|Daniel Burke|Head of Fundraising||&Retail|||
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||||Endowment||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Restricted|Total Funds|Total Funds|
||Notes|Funds
f|Funds
f|Funds
f|2021
f|2020
f|
|Income from:|||||||
|Donations
and legacies|3|269,335||6,209|275,544|176,009|
|Charitable
activities|4|5,730,306|||5,730,306|7,146,881|
|Other trading
activities|5|411,902|||411,902|563,932|
|Investment
income||14|||14|39|
|Total income||6,411,557||6,209|6,417,766|7,886,861|
|Expenditure
on:|||||||
|Costs ofRaising funds|8|279,624||4,249|283,873|268,074|
|Charitable
activities|9|5,719,047||9,435|5,728,482|7,959,927|
|Other:|||||||
|Financing
costs||9,977|||9,977|54|
|Total expenditure||6,008,648||13,684|6,022,332|8,228,055|
|Net gains on investments|||||||
|Net (expenditure)/income|11|402,909||(7,475)|395,434|(341,194)|
|Transfer between
funds||78,000|(78,000)||||
|Net movement
in funds||480,909|(78,000)|(7,475)|395,434|(341,194)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward||378,385|78,000|69,638|526,811|868,005|
|Total funds carried forward||860,082||62,163|922,245|526,811|
|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
|||||2021|2020||2021|2020|
||||Notes|6|f||6|F|
|Fixed assets:|||||||||
|Tangible assets|||15|423,808|345,588||399,776|322,624|
|Investments|||16|5,000|5,000||10,004|10,004|
|Total fixed assets||||428,808|350,588||409,780|332,628|
|Current assets:|||||||||
|Stocks|||17|20,676|6,187||20,676|6,187|
|Debtors|||18|461,166|924,057||431,395|877,731|
|Cash at bank and in hand||||2,202,053|824,769|2,150,737||784,056|
|Total current assets||||2,683,855|1,755,013|2,602,808||1,667,974|
|Liabilities:|||||||||
|Creditors: amounts
within one year|falling|due||(1,520,644)|(1,076,111)|(1,528,427)||(1,056,776)|
|Net current assetsl (liabilities)||||1,163,211|678,902||1,074,381|611,198|
|Total assets less current
liabilities||||1,592,019|1,029,490||1,484,161|943,826|
|Creditors: amounts
after more than one|falling
year|due|20|(669,774)|(502,679)||(664,943)|(495,978)|
|Total net assets||||922,245|526,811||819,218|447,848|
|The funds ofthe Charity:|||||||||
|Endowment
funds|||22||78,788|||78,788|
|Restricted
funds|||22|62,163|69,638||62,163|69,638|
|Unrestricted
funds|||22|860,082|378,385||756,850|299,422|
|Total Charity funds||||922,245|526,811||819,218|447,848|
|The consolidated
financial||statements|on pages 20 to 39were approved||by the Charity|on|......... ... ..!**.**. .!.. ..and
(2. 10 2||
|were signed on its behalf by:|||||||||
|Consolidated
Statement
of Cash|Consolidated
Statement
of Cash|Flows|Flows||||
|---|---|---|---|---|---|---|
|Year ended
31 March 2021|||||||
||||||2021|2020|
|||||Notes|6|f|
|Cash flows from operating
activities:|||||||
|Net cash received from operating
activities||||28|1,385,958|283,925|
|Cash flows from investing
activities:|||||||
|Interest from investments|||||14|39|
|Proceeds from sale of investments|||||||
|Proceeds from the sale oftangible
fixed|assets||||3,000||
|Purchase
oftangible
fixed assets|||||(152,816)|(135,304)|
|Net cash provided
byI(usedin) investing||activities|||(149,802)|(135,265)|
|Cash flows from financing
activities:|||||||
|Loan interest||||||(54)|
|Transfer of borrowing
to Trust||||||8,589,952|
|CBI Loan received
in year|||||200,000||
|Funds provided
from Trust||||||210,000|
|Repayment
of borrowing|||||(58,872)|(3,240,168)|
|Net cash used in financing
activities|||||141,128|5,559,730|
|Change in cash and cash equivalents|in the||year||1,377,284|5,708,390|
|Cash and cash equivalents
at the beginning|||ofthe year||824,769|(4,883,621)|
|Cash and cash equivaients
at the end|ofthe||year|29|2,202,053|824,769|
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|3.Income|from|donatio|ns
and legacies||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||2021|2021|2021|2020|2020|2020|
||||E|E.|E|E|E|E|
|Donations|and|gifts|47,040|6,209|53,249|76,228|37,999|114,227|
|Legacies|||108,622||108,622|61,782||61,782|
|Furlough|Grant||113,673||113,673||||
|Total|||269,335|6,209|275,544|138,010|37,999|176,009|
##
|.Income from charitabl|e
activities||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||2021|2021|2021|2020|2020|2020|
||E|E|E|E|E|E|
|Fees receivable|5,532,763||5,532,763|6,841,629||6,841,629|
|Therapy services|5,073||5,073|305,252||305,252|
|Covid grant support|190,469||190,469||||
|Other income|2,000||2,000||||
|Total|5,730,306||5,730,306|7,146,881||7,146,881|
##
|.Income from other trading|activities||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||2021|2021|2021|2020|2020|2020|
||F|E|F|E|E||
|Hub income|575||575|23,310||23,310|
|Income from charity shops|411,327||411,327|540,622||540,622|
|Total|411,902||411,902|563,932||563,932|
##
|Unrestricted|Unrestricted|
|---|---|
|2021|2020|
|E|E|
|14||
##
##
|||||||
|---|---|---|---|---|---|
|Profit and|loss|account||2021|2020|
|||||E||
|Turnover||||411,327|540,622|
|Operating
expenses||||(268,671)|(215,025)|
|Operating|profit|||142,656|325,597|
|Interest payable||and similar|charges|(536)|(223)|
|Interest receivable||||10|17|
|Net trading|profit|||142,130|325,391|
|Tax on profit on ordinary|||activities||(1,003)|
|Profit after|taxation|||142,130|324,388|
|Gift aid distribution||||(118,066)|(298,000)|
|||||24,064|26,388|
|Balance sheet||||||
|Assets||||142,625|158,000|
|Liabilities||||(39,596)|(79,035)|
|Capital||||2|2|
|Reserves||||103,027|78,963|
|8.Expenditure||on raising|funds|||
|||||Total|Total|
|||||2021|2020|
|||||E|E|
|Depreciation||||5,166|5,287|
|Other costs||||278,707|262,787|
|||||283,873|268,074|
##
##
|Direct costs|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||||2021f|2020f|
|Staff costs|4,251,674||4,251,674|5,982,891|
|Premises costs|802,127||802,127|907,728|
|Supplies|152,748||152,748|195,060|
|Depreciation|51,256|9,435|60,691|71,311|
|Other|27,814||27,814|102,935|
||5,285,619|9,435|5,295,054|7,259,925|
|Governance costs (note 10)|130,286||130,286|288,684|
|Support costs (note 10)|303,142||303,142|411,318|
||5,719,047|9,435|5,728,482|7,959,927|
##
|10.Govern|ance
a|nd support costs||||||
|---|---|---|---|---|---|---|---|
||||Support|Governance|Total|Total|Basis of|
||||costs|costs|2021|2020|allocation|
|Management/admin||staff salaries|303,142|75,786|378,786|514,147|Time spent|
|Legal and|Professional|||21,000|21,000|21,500|Governance|
|Refinancing|costs|||||97,690|Governance|
|Other||||33,500|33,500|66,665|Governance|
||||303,142|130,286|433,286|700,002||
##
|Net expendit|ure|for the|year is after|charging:|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f|f|
|(Loss)/Profit|on|disposal|offixed assets||(5,739)|(51,449)|
|Depreciation|of|leasehold assets|||20,564|24,124|
|Depreciation|of|owned assets|||45,293|52,474|
|Auditor's
remuneration
for audit services:|||||||
|Charity|||||8,000|8,000|
|Subsidiary|||||5,500|5,500|
|Non-audit
services|||||3,500|4,000|
|Rental ofshop premises|||—operating|leases|79,853|78,464|
|Other operating||leases|||297,027|292,526|
##
##
|12.Analysis
o
The aggregate|fstaff costs, Trustee's
remuneratio
payroll costs were as follows:|n
and expenses
and the costs of key m|anagement|
|---|---|---|---|
|||2021|2020|
||||E|
|Wages and salaries||3,999,560|5,087,685|
|Social security|costs|287,441|356,480|
|Pension costs||109,872|140,564|
|Redundancy
costs||186,276||
|Other staff costs||41,967|86,784|
|Apprenticeship|levy|5,486|10,763|
|Agency fees|||679,440|
|||4,630,602|6,361,716|
##
##
##
|Year Ended 31 March|2021|||||
|---|---|---|---|---|---|
|15.Tang ible fixed assets||||||
|Group|Leasehold
buildings|Fixtures,
fittings
and
equipment|Motor
vehicles|Trust
website|Total|
|Cost or valuation||||||
|At 1 April 2020|61,225|1,903,130|229,857|42,808|2,237,047|
|Additions|112,761|40,055|||152,816|
|Disposals||(21,995)|(40,180)||(62,175)|
|At 31 March 2021|174,016|1,921,190|189,677|42,808|2,327,691|
|Depreciation||||||
|At 1 April 2020|3,062|1,655,596|196,398|36,406|1,891,732|
|Charge for year|2,910|53,534|8,133|1,280|65,857|
|Eliminated
on disposals||(14,187)|(39,249)|-|(53,436)|
|At 31 March 2020|5,972|1,673,907|162,653|37,686|1,903,883|
|Net book value||||||
|At 31 March 2021|168,044|247,283|27,024|5,122|423,808|
|At 31 March 2020|58,163|247,534|33,459|6,402|345,588|
|Charity||||||
||Leasehold
buildings|Fixtures,
fittings
and
equipment|Motor
vehicles|Trust
website|Total|
|||6||||
|Cost or valuation||||||
|At 1 April 2020|61,255|1,867,018|219,340|42,808|2,190,421|
|Additions|112,761|33,821|||146,582|
|Disposals||(21,995)|(40,180)||(62,175)|
|At 31 March 2021|174,016|1,878,844|179,160|42,808|2,274,828|
|Depreciation||||||
|At 1 April 2020|3,062|1,634,560|193,769|36,406|1,867,797|
|Charge for the year|2,910|50,340|6,161|1,280|60,691|
|Eliminated
on disposals||(14,187)|(39,249)|—|(53,436)|
|At 31 March 2021|5,972|1,670,713|160,681|37,686|1,875,052|
|Net book value||||||
|At 31 March 2021|168,044|208,131|18,479|5,122|399,776|
|At 31 March 2020|58,193|232,458|25,571|6,402|322,624|
##
|16.Investments|16.Investments|16.Investments|||||
|---|---|---|---|---|---|---|
|Investments||—unlisted|||||
|Group|and Charity||||||
||||||2021|2020|
||||||6|8|
|Shares|in Brain in Hand||||5,000|5,000|
|Investments||in subsidiaries||(Charity only)|||
||||||2021|2020|
||||||6||
|Loan to|Hannah's
(1988)||Limited||5,000|5,000|
|Cost of|shares|in Hannah's|(1988) I imited||2|2|
|Cost of|shares|in Hannahs|Limited||2|2|
||||||5,004|5,004|
##
|||||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||F|E|6|E|
|Food|and|other|stock|20,676|6,187|20,676|6,187|
##
##
##
|8.Debtors||||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2021|2020|2021|2020|
|||E|E|E|E|
|Trade debtors||360,793|717,742|358,354|706,743|
|Prepayments|and accrued income|96,025|183,201|73,042|159,746|
|Other debtors||4,309|23,114||11,242|
|||461,126|924,057|431,395|877,731|
##
|9.Creditors - Amounts|falling due within one y|ear||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2021|2020|2021|2020|
|||E|E|E|E|
|Bank loans —(note 20)||30,000||30,000||
|Other loans —unsecured|(note 20)|50,000|50,000|50,000|50,000|
|Trade creditors||175,216|423,668|152,321|365,971|
|Amounts
owed to group undertakings||||37,548|47,999|
|Accruals and deferred
income||456,232|472,751|451,232|465,003|
|Other taxation and social|security|761,146|76,352|761,146|76,352|
|Obligations
under finance|lease (note 21)|9,801|16,510|7,931|14,641|
|Other creditors||38,248|36,810|38,248|36,810|
|||1,520,644|1,076,111|1,528,427|1,056,776|
##
|||Group and|
|---|---|---|
|||Charity|
|||E|
|Balance|at 1 April 2020|178,097|
|Released|to income|178,097|
|Deferred|in year||
|Balance|at 31 March 2021||
##
##
|0.Creditors|—Amounts
falling due after one year|||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2021|2020|202'I|2020|
|||E.|E|E|E|
|Bank loans|- CBIL|170,000||170,000||
|Other loans|- unsecured|350,000|400,000|350,000|400,000|
|Obligations|under finance lease (note 21)|22,821|24,984|17,990|18,283|
|Other creditors||126,953|77,695|126,953|77,695|
|||669,774|502,679|664,943|495,978|
##
|angible
f|ixed|asset|s an|d a Citroen van recognised|with motor veh|icles
in fixed ass|ets.|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group and|Charity|||
||||||Minimum|lease|Present|value|of|
||||||payments||minimum|lease||
||||||||payments|||
||||||2021|2020|2021||2020|
||||||E|f|E|||
|Within one year|||||12,533|19,219|9,801||16,510|
|Between|one and||five|years|33,235|34,354|22,821||24,984|
||||||45,768|53,573|32,622||41,494|
|I ess: future||finance charges|||(13,143)|(12,079)||||
|Present|value oflease|||obligations|32,622|41,494|32,622||41,494|
|Included|in|the financial statements as:||||||||
|Current|obligations||under finance lease||||9,801||16,510|
|Non-current||obligations||under finance lease|||22,821||24,984|
||||||||32,622||41,494|
##
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##
|29.A|nalysis ofcash and|cash equivalents||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|8|
|Cash|in hand||2,202,053||824,769|
|Overdraft
facility repayable||on demand||||
|Total|cash and cash equivalents||2,202,053||824,769|
|30.Analysis ofchanges||in net funds||||
||||At 1 April
2020|Cash-
flows|At 31
March
2021|
||||8|||
||Cash||2,150,737|51,316|2,202,053|
||Loans falling due|in less than one year|(50,000)|(30,000)|(80,000)|
||Loans falling due|after more than one year|400,000|120,000|520,000|
||||1,700,737|98,684)|1,602,053|
##