2021-03-31-accounts - Wirral Christian Centre Trust Limited

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			Page
Company	information
Trustees'	annual and strategic report		2to 5
independent auditor's report			6 to 6b
Siunmary	income and expendiiure	account
Statement	ofrecognised gains and	losses
Note ofhistorical cost gains and losses
Staiemeni	offinancial activities
(mcluding	income and expenditure	account)
Balance sheet
Statement	ofcash flows		10
Notes to	the financial statements		11to 21

Registered	Number:	02088322
Registered	Charity Number:	700269
DIRECTORS		P A Epton (Chairnran)
		Dr A K Adegoke
		Dr0 SKchinde
		GEpton
		RFisher (resigned 26.05.21)
		RDixon
		IJackson
		M James
SECRETARY		KFisher (resigned 26.05.21)
REGISTERED OFliICK		Woodchurch	Road
		Btrkenhead
		Wirral
		Merseyside
		CH41 2UE
ACCOUNTANTS		Hailmood 68	Co
		Chattered Accountants
		392-394Hoylake		Road
		Moreton
		Wirral
		CH46 6DF
AUDITORS		Michael Donnan		(k Co Limited
		Chartered Accountants
		Registered Auditors
		Oflice 25
		Oaktree Court Business Centre
		Mill Lane
		Ness, Cheshire
		CH64 8TP
BANKERS		HSBC
		PO Box7
		52 Hamilton	Street
		Birkenhead
		Wirral
		CH41 5AE
SOLICITORS		Lees &Partners
		44-45 Hamilton		Square
		Birkenhead
		Wirral
		CH41 5AR

		for	the y	ear ended 31 Ma	rch 2021
					Note	2021	2020
Income						1,680,246	1,597,208
Net fair value (losses)/gains	on invesnnents				13		(35,675)
Interest and investment income					4	41,921	42,600
Gross income						1,722,167	1,604, 133
Expenditure						1,497,222	1,510,948
Interest payable						30,226	37,869
Depreciation and impairment	charges					45 535	44,268
Total expenditure						1,572,983	1,593,085
Net income/(expenditure) (page 8)						149,184	11,048
STATEMENT		OF TOTAL RECOGNISED GAINS AND LOSSES
		for	the year ended 31 March 2021
						2021	2020
							f.
Net income/(expenditure) (page		8)				149,184	11,048
Unrealised (loss) on revaluation		offiuictional property			12		(174,267)
Movement in reserves						149,184	(163,219)
NOTE	OFHISTORICAL COST GAINS AND LOSSES
		for the year ended 31March 2021
						2021	2020
Reported surplus/(deficit) on	ordinary		activities			149,184	11,048
Difference between a historical cost depreciation
charge and the actual depreciation		charge ofthe
year calculated on the revalued amount
Historical cost surplus/(deficit)	on ordinary			activities		149,184	11,048

			Unrestricted	Restricted	Total Funds	Total Funds
		Note	Funds	Funds	2021	2020
				f.
Income and endowments	from:
Donations		2	1,516	80	1,596	11,538
Charitable activities		3	1,446,894		1,446,894	1,550,913
Investments		4	41,921		41,921	42,600
Other		5	205,983	25,773	231,756	34,757
Total income and endowments		18	1,696,314	25,853	1,722,167	1,639,808
Expenditure on:
Raising funds		6
Charitable activities		7	1,553,846	19,137	1,572,983	1,593,085
Total expenditure		18	1,553,846	19,137	1,572,983	1,593,085
Net fair value (losses)/gains	on investments	13				(35,675)
Net income/(expenditure)			142,468	6,716	149,184	11,048
Transfer between funds
Other recognised gains/(losses):
Unrealised (loss) on revaluation		12				(174,267)
offunctional property
Net movement in funds			142468	6716	149 184	(163219)
Reconciliation offunds:
Funds brought forward			1,506,513	5,610	1,506,513	1,669,732
Funds carried forward			1,648,981	12,326	1,655,697	1,506,513

	WI	RRAL CHRISTIAN CEN (a company limited	RRAL CHRISTIAN CEN (a company limited	TRE TRUST LIMITED by guarantee)
		BALANCE SHEET AS		AT 31March 2021
			Note	2021		2020
Fired assets
Tangible assets			12	1,899,G87		1.916.308
lnvesunents			13	688.058		685.000
				2,587,745		2.601,308
Current assets
Debtors			14	36,805	53,816
Cash at bank and ui hand				35.360	1.108
				72.165	54,924
Creditors:
Amounts falling due within		one year	15	(343,486)	(353,816)
Net current	liabilities			(271,321)		(298,892)
Total assets	less current	liabilities		2,316,424		2,302,416
Creditors:
Amounts fallmg due afier more titan one year			16	(GG0,727)		(795,903)
Net assets				1,655,697		1,506,513
Charity Funds
Unrestncted	reserves.
Income and expenditure			18	1,597,173		1,454,705
Revaluation	reserve		18	46,198		46,198
Restricted reserves			18	12,326		5,610
				1,655,697		1,506,513

	2021	2020
	8
Reconciliation ofnet income/(expenditure) to net cash flow from operating	activities
Net income/(expenditure) for the year (page 7)	149,184	11,048
Adjustnients for:
Depreciation charges	45 535	44,268
Net fair value losses on im.estmenis		35,675
Impairment ofother assets		7,769
interest and rents from invesuuents	(41,921)	(42,600)
Interest payable	30,226	37,869
Loss/(profit) on disposal offixed assets		3,658
Decrease/(increase) in debtors	17,081	(12,554)
(Decrease)/increase in creditors	(42,518)	83,537
Net cash flow from operating activities	157,587	168,670
Net cash flow from operating activities:	157.587	168,670
Cash flow from investing activities:
Payments to purchase properly, plant. and equipment	(29,801)	(5,144)
Payments to purchase other assets
(Payments)/receipts on investmenis	(2,8 14)
Rents received fiom investmeni properties	41,851	42,300
(Expenses)/proceeds on the sale ofother fixed assets		(288)
Net cash flow from investing activities:	9,236	36,868
Cash flow from financing activities
Receipts from issue ofborrowing	50,385	181,057
Interest paid	(29,557)	(38,364)
Repayments ofborrowing	(94,829)	(337,469)
Net cash floiv from financing activities	(74,001)	(194,776)
Net increase/(decrease) in cash and cash equivalents	92,822	10,762
t".ash and cash equivalents at 1 April	(57,462)	(68,224)
Cash and cash equivalents at 31March	35,360	(57,462)
Cash and cash equivalents consist of:
Cash atbank and in band	35,360	1,108
Overdrafis included creditors falling due within one year (note 15)		(58,570)
Cash at bank aml in hand less overdrafts	35,360	(57,462)

								Ulttcsttictctl	Rmntctul	Total
2	Income	from		donations				Funds	Funds	2021	2020
										I	I
	Donations							1,516	80	1,196	11,538
								1,516	80	1,596	11,538
								Vcrcttitctul	Rerlrlctcfl	Total
3	Charitable		activities					Funds	Funds	2021	2020
										I	I
	Residents'		fees	and	respite			796,501		796,501	702,180
	Nursery	fees						650,393		650,393	848.733
								1,446,894		1,446,894	1,550,913
								Unrestricted	Restricted	Total
4	Investment		income					Funds	Funds	2021	2020
								I	I
	Investment		property		rentals			41,918		41,918	42,600
	bank interest							3		3
								41,921		41,921	42,600
	The investment			property		income	is vsholly generated	from assets m the UK.
								Urmstrictetl	Restiicted	Total
								Funds	Funds	2021	2020
5	Other										8
	Ftmling								25,773	25,773	25,471
	Other							8,333		8,333	9,286
	Covttl fllishllg							197,650		197,650
								205,983	25,773	231,756	34,757
								Vtuestricted	Rmtiicted	Total
6	Raising	funds						Funds	Funds	2021	2020
									I		8

			Unrestricted	Resiiicied	Total
7	Charitable activities		Funds	Funds	2021	2020
	Salaries/agency - Canng and support		1,035,417	14,922	1,050,339	1,051.446
	Establislunent costs		189,796	4.135	193,931	193,325
	Tmvel and motor expenses		15,371		15.371	1'i,311
	Repairs and maintenance		34,665		34,743	51,607
	Depreciation on oivned	assets	45,535		45,535	44.268
	Impairment ofassets					7.769
	Loss ou disposal ofassets					3,638
	Bad debts		2,438		2,438	2.717
	Salaries - Mauagement	and adndnistration	96,353		96,353	76.057
	Consultancy fees and expenses		2(x828		26,828	26,828
	Office costs		23,314		23,314	24,266
	Waste disposal		9,467		9,4G7	10.379
	Donations		9.370		9,370	193
	Staff training and mufomis		4,588		4,588	5,976
	Bauk cliarges		1,316		1,316	5,250
	Governance costs (uote	8)	29,162		29,162	35,966
	Interest payable (note 9)		30,22G		30,226	37,869
			1,553,846	19,137	1,572,983	1,593.085

					Unrestricted	Restricted	Total
8	Governance	costs			Funds	Funds	2021	Z0Z0
						g
	Legal and pmfessional		fees		5,442		5,442	1-'1,619
	Accountants'	fees			13,344		13,344	10,743
	Accountants'	fees -previous		year	80		80	181
	Auditors' remunemtion				7,600		7,600	7,416
	Auditors' reuuineration		- previous year		24		24	95
	Finance arrangement		and other fees		800		800	1,040
	Life insurance	on loans			1,872		1,872	1,872
					29.162		29,162	35,966

									Varestricted	Varestricted	Restricted	Torsi
9	Interest payable								Funds		Funds	2021		2020
											f.
	Interest on loans front	HSBC							28 790			28,790		37,254
	Interest on other loans	and finance								108		108		488
	Interest on HM Revenue			late payments						1,328		1,328		127
									30,226			30,226		37,869
10	Salary costs									2021			2020
	Salary costs and number			of	persons employed					No		No
	under contmct analysed		by		department			were as follows:
	Carers staff									67	855,423	70		806,207
	Baidt staff									n/a	14,330	Il/a		63 962
	Support staiy									18	180,586	26		181,278
	Adndnistration staff'									5	96,353	5		76,057
										90	1.146,692	101		1,127,504
	Full time equivalent employee					numbers				55		56
											2021			2020
	Staff'costs forthe above		persons
	Wages and salaries										1,073,957			1,060,944
	Social security costs										55,401			50,395
	Pension costs										17,334			16,165
											1,146,692			1,127,504
	Pension coutributions	are		paid		into an		independently	adnunistered,	persoual pension scheme.
	There were no eniployees			earniug			a salary in excess		of$60,000in either year.
	Forpayments to Trustees,			see		related party note 21.
11	Net income/(expenditure)				for the year						2021			2020
	This is stated affcr charging:
	Depremation										45,535			-'14,268
	Net fair value losses on investments													35,675
	Impairment ofassets													7,769
	Loss on disposal ofassets													3,658
	Auditors remunemuon	—audit									7,600			7,416
	Operating lease rentals										17,318			17,949

				Land	Mutor
12	Tangible fixed assets			dr Buildiags	Vehicles I	Total
	Cost or valuation
	I April 2020			1,950,000	44,565	1,994,565
	Additions			28,914		28,914
	Transfer (to)/from	(note	13)
	Revaluatiou adjustment		(note 22)
	Disposals
	as at 31March 2021			1,978,914	44.565	2,023,479
	Depreciation
	I April 2020			41,624	36.633	78,257
	Transfer (to)/from	(note	13)
	Einmnated on revaluation		(note 22)
	Charge for year			43,552	1,983	45,535
	Disposals
	as at 31March 2021			85,176	38,616	123,792
	Net book amount
	31March 2021			1,893,738	5,949	1,899,687
	31 March 2020			1,908,376	7.932	1,916,308

Fixed asset investments	Fixed asset investments		2021	2020
Investment	property
Valuation	as at 1 April		685,000	140,675
Additions	-transfer market	value from Fixed Assets		580,000
Additions	—other		3,058
Disposals
Fair value	adjustment to im	estments		(35,675)
Valuation	as at 31March		688,058	685,000
Fflstorical cost ofinvestment		property as at 31March	1,627,808	1,624.750

	Seenote 16for additional information on charges.
14	Debtors	2021	2020
			8
	Tmde debtors	30,838	29,436
	Other debtors	3,363	8,436
	Prepaymeuts	2,604	15,944
		36,805	53,816

		Balance	locomhtg	tlutgo Ills	Fund	Baluuce at
		1 April 2020	resources	resources	Transfers	31March 2021
Restricted	reserves
Sensory Fundmg			14,922	(14.922)
Government	Funding	915	615	(557)		973
Pupil Premiunt		4,695	10,236	(3,578)		11,353
Donation			80	(80)
		5,610	25,853	(19,137)		12,326

Operating lease commitments	Operating lease commitments			2021	2020
The Trust has the followiug	annual	conmuunents	falling due as shown:
In one year orless				14,640	15,955
Between two aud five years				21,524	27,313
More tlmn tive years
				36,164	43,268


Commitments				2021	2020
					I
Conuniuneuts	at I April	2020		32,000	27.865
Increase in commitment				26,914	9,773
Otlmr expenditure during		the year	—note 12	(28,914)	(5,638)
Commitments	at 31March 2021			30,000	32,000
Couunitnients	due witlun	one year		18000	22,000
Conunitments	due mom	than one year		12,000	10.000
				30,000	32,000

The amounts iuvolved ivere as folloi	vs:
	Gross salary	Employers Nl	Pension		Benefit in kind
EJEptou	21,575	1,765
VFisher	38,342	3,945	1,547
KEFisher	10,487	253		127
E BEpton	20,107	1,563		416
C Ellis Gowland	4,330	41		36
LA Jackson	1,805
LCJackson	558
	97,404	7,567	2,	126

Impairment	offunctional	IHed assets
					2021	2020
Revaluation	decrease belov	original cost	(note 12)			846,902
Elimumtion	ofbrought forward depreciatton on revaluation			(uote 12)		(839,133)
Overall intpairment charge		offuociional	assets			7,769