##
##
##
##
##
||||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|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|
##
##
|13|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|
##
##
##
|19|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|