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||||Contents||
|---|---|---|---|---|
|Reference and Administrative||Details|||
|Strategic Report||||2to4|
|Trustees' Report||||5to8|
|Statement of Trustees'|Responsibilities||||
|Independent
Auditors'|Report|||10to 12|
|Statement ofFinancial|Activities|||13to 14|
|Balance Sheet||||15|
|Statement ofCash Floivs||||16|
|Notes to the Financial|Statements|||17to 32|
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||||Reference and Administrative|Reference and Administrative|Details|Details|
|---|---|---|---|---|---|---|
|Chief Executive Officer|||R Levy||||
|Trustees|||H Compson||||
||||P Blok||||
||||M Albath||||
||||H Dow||||
||||1 Walker||||
||||G Bridge||||
||||R Levy||||
|Secretary|||H Compson||||
|Principal|Office||Nutley
Hall||||
||||Nutley||||
||||Uckfield||||
||||East Sussex||||
||||TN22 3NJ||||
||||The charity is incorporated|in|England|and Wales.|
|Company|Registration|Number|868461||||
|Charity Registration||Number|307023||||
|Bankers|||Barclays Bank pic||||
||||The Old Bank||||
||||High Street||||
||||Lewes||||
||||East Sussex||||
|Auditor|||Manningtons||||
||||Statutory
auditor||||
||||39High Street||||
||||Battle||||
||||East Sussex||||
||||TN33 OEE||||
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|Keyfinancial perfornianceindicators||||
|---|---|---|---|
||Unit|2021|2020|
|Net Profit Percentage ofFee Income||4.90|2.30|
|Percentage ofdirectly attributable
expenses to fee||||
|income||98.00|88.00|
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||||and Los|ses)|||
|---|---|---|---|---|---|---|
|||||||Total|
||||Note|Unrestricted|Restricted
f|2021f|
|Income and Endowments||from:|||||
|Donations
and Grants||||155,128|2,200|157,328|
|Charitable
activities||||1,663,892||1,663,892|
|Investment
income||||1,330||1,335|
|Total Income||||1,820,350|2,205|1,822,555|
|Expenditure
on:|||||||
|Charitable
activities||||(1,612,935)|(5,004)|(1,617,939)|
|Mercury provident|pension|scheme||(107,285)||(107,285)|
|Governance
costs||||(18,553)||(18,553)|
|Total Expenditure||||(1,738,773)|(5,004)|(1,743,777)|
|Net income/(expenditure)||||81,577|(2,799)|78,778|
|Transfers between|funds|||(30,000)|30,000||
|Net movement
in funds||||51,577|27,201|78,778|
|Reconciliation offunds|||||||
|Total funds brought|forward|||1,664,440|250,535|1,914,975|
|Total funds carried|forward||20|1,716,017|277,736|1,993,753|
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||||and Los|ses)|||
|---|---|---|---|---|---|---|
|||||||Total|
|||||Unrestricted|Restricted|2020|
||||Note||||
|Income and Endowments||from:|||||
|Donations
and Grants||||12,230|35,772|48,002|
|Charitable
activities||||1,652,410||1,652,410|
|Investment
income||||3,415|22|3,437|
|Total Income||||1,668,055|35,794|1,703,849|
|Expenditure
on:|||||||
|Charitable
activities||||(1,436,325)|(3,596)|(1,439,921)|
|Mercury provident|pension|scheme||(169,721)||(169,721)|
|Governance
costs||||(24,536)||(24,536)|
|Total Expenditure||||(1,630,582)|(3,596)|(1,634,178)|
|Net income||||37,473|32,198|69,671|
|Net movement
in funds||||37,473|32,198|69,671|
|Reconciliation
offunds|||||||
|Total funds brought|forward|||1,626,967|218,337|1,845,304|
|Total funds carried|forward||20|1,664,440|250,535|1,914,975|
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|||Balance Sheet as at 31|March 2021|||
|---|---|---|---|---|---|
|||||2021|2020|
||||Note|||
|Fixed assets||||||
|Tangible assets|||13|2,707,038|2,730,945|
|Investments|||14|5,392|5,409|
|||||2,712,430|2,736,354|
|Current assets||||||
|Debtors|||15|93,642|108,176|
|Cash at bank|and in hand||16|695,063|576,305|
|||||788,705|684,481|
|Creditors: Amounts||falling due within one year|17|(213,031)|(201,358)|
|Net current|assets|||575,674|483,123|
|Total assets|less current liabilities|||3,288,104|3,219,477|
|Creditors: Amounts||falling due after more than one year|18|1,294,351)|1,304,502)|
|Net assets||||1,993,753|1,914,975|
|Funds ofthe|charity:|||||
|Restricted income funds||||||
|Restricted
funds|||20|277,736|250,535|
|Unrestricted|income|1'unds||||
|Unrestricted|funds|||1,716,017|1,664,440|
|Total funds|||20|1,993,753|1,914,975|
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||||Note|2021f|2020|
|---|---|---|---|---|---|
|Cash flows from operating
activities||||||
|Net cash income||||78,778|69,671|
|Adjustments
to cash flows from non-cash|items|||||
|Depreciation||||94,806|83,291|
|Revaluation
ofinvestments||||17|(68)|
|Loss on disposal offixed assets held for the|charity's|own use||1,167|1,558|
|||||174,768|154,452|
|Working capital adjustments||||||
|Decrease in debtors|||15|14,534|19,116|
|Increase in creditors|||17|55,856|77,951|
|Net cash flows from operating
activities||||245,158|251,519|
|Cash flows from investing
activities||||||
|Purchase oftangible
fixed assets|||13|(72,066)|(282,902)|
|Cash flows from financing
activities||||||
|Repayment
ofloans and borrowings|||17|(54,334)|(52,492)|
|Net increase/(decrease)
in cash and cash equivalents||||118,758|(83,875)|
|Cash and cash equivalents
at I April||||576,305|660,180|
|Cash and cash equivalents
at 31 March||||695,063|576,305|
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|Asset class||Depreciation|method|and rate|
|---|---|---|---|---|
|Land and buildings||Straight
line|over 50 years||
|Improvements
(included|under Land and buildings)|3/0 alld 20/o|straight|line|
|Furniture
and equipment||20'/o reducing|balance||
|Motor Vehicles||20'/0 reducing|balance||
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|3
Income fro|m|donations|and legacies||||
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Restricted|Total|
|||||General|funds|funds|
|Donations
and|legacies;||||||
|Donations
from||individuals||17,478|2,200|19,678|
|Grants, including||capital grants;|||||
|Government|grants|||137,650||137,650|
|Total for 2021||||155,128|2,200|157,328|
|Total for 2020||||12,230|35,772|48,002|
|4
Income from||charitable|activities||||
|||Unrestricted||
|---|---|---|---|
|||funds|Total|
|||General|funds|
|||f||
|Residential|home and activities|1,663,892|1,663,892|
|Total for 2021||1,663,892|1,663,892|
|Total for 2020||1,652,410|1,652,410|
||||Unrestricted||||
|---|---|---|---|---|---|---|
||||funds|Restricted||Total|
||||General|funds||funds|
|Interest receivable|and similar income;||||||
|Interest receivable||on bank deposits|1,330|||1,335|
|Total for 2021|||1,330|||1,335|
|Total for 2020|||3,415||22|3,437|
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|6
Expendi|t|ure
on charit|able
activities|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
||||||funds|Restricted|Total|
||||||General|funds|funds|
|||||Note||||
|Residential|home and activities||||462,428|195|462,623|
|Depreciation,||amortisation|and other|||||
|similar costs|||||91,132|4,809|95,941|
|Staft' costs|||||1,059,375||1,059,375|
|Governance||costs|||18,553||18,553|
|Total for 2021|||||1,631,488|5,004|1,636,492|
|Total for 2020|||||1,460,861|3,596|1,464,457|
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|||Unrestricted|||
|---|---|---|---|---|
||||Total|Total|
|||General|2021f|2020|
|Fund|deficit|107,285|107,285|169,721|
|||107,285|107,285|169,721|
||||Unrestricted||
||||funds|Total|
||||General|funds|
|||Note|f||
|Fund|deficit||107,285|107,285|
|Total|for 2021||107,285|107,285|
|Total|for 2020||169,721|169,721|
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|The aggregate
payr|oll costs were as follows:|||
|---|---|---|---|
|||2021|2020f|
|Staffcosts during|the year were:|||
|Wages and salaries||961,864|832,212|
|Social security costs||54,288|44,627|
|Pension costs||26,308|24,552|
|Other staff costs||16,915|3,541|
|||1,059,375|904,932|
|the year expressed as full time equivalents
was|as follows:||||
|---|---|---|---|---|
||2021||2020||
||No||No||
|Care Staff||49||37|
|Administration||3||3|
|||52||40|
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|13 Tangible
Axed assets|||||
|---|---|---|---|---|
||Land and|Furniture
and|||
||buildings
f|equipment|Motor vehicles|Total|
|Cost|||||
|At
1 April 2020|3,807,130|255,176|70,095|4,132,401|
|Additions|57,851|6,215|8,000|72,066|
|Disposals||(3,402)|(1,000)|(4,402)|
|At 31March 2021|3,864,981|257,989|77,095|4,200,065|
|Depreciation|||||
|At
1 April 2020|1,169,557|193,156|38,744|1,401,457|
|Charge for the year|75,024|13,138|6,644|94,806|
|Eliminated
on disposals||(3,036)|||
|At 31 March 2021|1,244,581|203,258|45,188|1,493,027|
|Net book value|||||
|At 31 March 2021|2,620,400|54,731|31,907|2,707,038|
|At 31 March 2020|2,637,573|62,020|31,351|2,730,944|
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|Other investments|||
|---|---|---|
||Unlisted||
||investments|Total|
||f||
|Cost or Valuation|||
|At
1 April 2020|5,409|5,409|
|Revaluation|(17)|(17)|
|At 31 March 2021|5,392|5,392|
|Net book value|||
|At 31 March 2021|5,392|5,392|
|At 31 March 2020|5,409|5,409|
|15 Debtors|||
||2021|2020|
|Trade debtors|58,123|78,427|
|Prepayments|18,096|11,936|
|Accrued income|14,803|14,803|
|Other debtors|2,620|3,010|
||93,642|108,176|
|16 Cash and cash equivalents|||
||2021|2020|
|Cash on hand|4,796|2,745|
|Cash at bank|469,448|462,582|
|Short-term
deposits|220,819|110,978|
||695,063|576,305|
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|17 Creditors:|amounts
falling d|ue within one year|||
|---|---|---|---|---|
||||2021|2020|
|||||f,|
|Bank loans|||33,027|31,606|
|Trade creditors|||29,342|30,905|
|Other loans|||22,397|21,628|
|Other taxation|and social security||17,037|13,335|
|Other creditors|||11,318|12,689|
|Other creditors|- Mercury Pension|fund deficit|61,151|58,239|
|Accruals|||38,759|32,956|
||||213,031|201,358|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Bank loans|||||60,074|94,201|
|Other loans|||||328,288|350,685|
|Other creditors - Mercury|Pension|fund deficit|||905,989|859,616|
||||||1,294,351|1,304,502|
|Included
in the creditors are the following|||amounts|due aAer more than five years:|||
||||||2021|2020f|
|After more than five years by instalments|||||(869,807|852,257)|
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|20 Funds|||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|Incoming|Resources||31March|
|||April 2020|resources|expended|Transfers|2021|
|Unrestricted|||||||
|General|||||||
|General Fund||1,664,440|1,820,350|(1,738,773)|(30,000)|1,716,017|
|Restricted|||||||
|Residents
Mutual|Fund|3,354||||3,356|
|Riding and Sports Fund||6,707||(195)||6,515|
|New buildings||240,474||(4,809)||235,665|
|Staff Party|||200|||200|
|Cobley donation|Fund||2,000|||2,000|
|MPPS Fund|||||30,000|30,000|
|Total restricted||250,535|2,205|(5,004)|30,000|277,736|
|Total funds||1,914,975|1,822,555|(1,743,777)||1,993,753|
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|||||Balance at 1|Incoming|Resources|Balance at 31|
|---|---|---|---|---|---|---|---|
|||||April 2019
f|resources|expended|March 2020|
|Unrestricted|funds|||||||
|General||||||||
|General Fund||||1,626,967|1,668,055|(1,630,582)|1,664,440|
|Restricted||||||||
|Residents|Mutual||Fund|3,012|342||3,354|
|Riding and Sports|||Fund|7,448|17|(758)|6,707|
|New buildings||||207,877|35,435|2,838)|240,474|
|Total restricted||funds||218,337|35,794|(3,596)|250,535|
|Total funds||||1,845,304|1,703,849|(1,634,178)|1,914,975|
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||||Unrestricted|||
|---|---|---|---|---|---|
||||||Total funds at|
||||||31March|
||||General|Restricted|2021|
||||||f.|
|Tangible|fixed|assets|2,471,374|235,664|2,707,038|
|Fixed asset investments|||5,392||5,392|
|Current|assets||746,633|42,072|788,705|
|Current|liabilities||(213,031)||(213,031)|
|Creditors|over|1 year|(1,294,351)||1,294,351)|
|Total net assets|||1,716,017|277,736|1,993,753|
||||Unrestricted||Total funds at|
||||funds|Restricted|31March|
||||General|funds|2020|
||||f,|f,||
|Tangible|fixed|assets|2,490,471|240,474|2,730,945|
|Fixed asset investments|||5,409||5,409|
|Current assets|||674,420|10,061|684,481|
|Current|liabilities||(201,358)||(201,358)|
|Creditors|over|1 year|(1,304,502)||(1,304,502)|
|Total net assets|||1,664,440|250,535|1,914,975|
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