2021-03-31-accounts - People In Action

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				PAGE
Report of the	Directors	(including Strategic	report)	1-5
Report of the	Auditors			6-8
Consolidated	Statement	of Financial Activities		9 - 10
Consolidated	Statement	of Financial Position
Charitable Company Statement of Financial			Position	12
Consolidated	Statement	of Cash Flows		13
Notes to the	Financial Statements			14 - 29

						Total funds	Total funds
						all	all
						unrestricted	unrestricted
					Notes	2021f	2020 6
INCOMING RESOURCES
Incoming resources	from	generated		funds
Voluntary income:
Donations and sundry	income				4	3,629	111,526
Grants received					4	579,918
Activities for generating		funds:
Fees for the provision	of care and nursing				7a	1,281,975	1,689,841
Income from cafe					7b	71,377	20,827
Interest received						448	6,599
Incoming resources	from	Charitable		activities:
Grants and Fees for provision			of care and	accommodation		10,228,462	9,629,686
TOTAL INCOMING RESOURCES						12,165,809	11,458,479
RESOURCES EXPENDED
Costs ofgenerating	funds
Costs of generating voluntary			income		8	11,585	11,534
Costs for the provision	of care		services		7a	1,416,901	1,819,366
Costs for the operation	of cafe				7b	124,918	42,897
Goodwill amortisation					12	17,052	92,178
						1,570,456	1,965,975
Charitable activities					8	9,766,738	10,164,543
TOTAL RESOURCES	EXPENDED					11,337,194	12,130,518

For the year ended 31March 2021
		Total Funds	Total Funds
		all	all
		unrestricted	-~atrictetL--
	Notes	2021I	2020I
NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR	6	828,615	(672,039)
TOTAL FUNDS AT 1APRIL 2020 RESERVE TRANSFERS		2,696,589	3,368,628
TOTAL FUNDS AT 31March 2021	19	3,525,204	2,696,589

At 31March 2021
		Note	2021			2020
			E		E	f
FIXED ASSETS
Tangible Fixed Assets				3,850,734		3,874,506
INTANGIBLE ASSETS
Goodwill		12		68,210		85,262
CURRENT ASSETS				3,918,944		3,959,768
Stocks			939
Debtors		14	922,991		974,337
Cash at Bank and in Hand		15	2,864,683		2,258,249
			3,788,613		3,232,586
CREDITORS - AMOUNTS	FALLING
DUE WITHIN ONE YEAR
Bank Loans Ik Overdrafts All Other Creditors		16 17	130,730 1,876,144		130,194 2,058,058
			2,006,874		2,188,252
NET CURRENT ASSETS				1,781,739		1 044 334
TOTAL ASSETS LESS CURRENT
LIABILITIES CREDITORS - AMOUNTS	FALLING			5,700,683		5,004,102
DUE AFTER MORE THAN	ONE YEAR			(I,140,095)		(1,272,129)
NET ASSETS				4,560,588		3,731,973
Represented by:
RESERVE FUNDS REVALUATION RESERVE		19 20		3,525,204 1,035,384		2,696,589 1,035,384
				4,560,588		3,731,973

For the year ended 31March 2021
			2021	2020
		Note	6	6
Cash flows from operating activities
Surplus / (deficit) for the year			828,615	(672,039)
Adjustments for:
Depreciation of tangible assets			41,962	53,712
Goodwill amortisation			17,052	92,178
Other interest receivable and similar income Interest payable and similar charges			(448) 31,574	(6,599) 42,591
Losses/(gains) on disposal of tangible	assets		124	(100)
Accrued (income)/expenses			(49,589)	38,861
Changes in:
Stocks			(939)
Trade and other debtors			95,699	434,287
Trade and other creditors			(176,679)	396,578
Cash generated from operations			787,371	379,469
Interest paid			(31,574)	(42,591)
Interest received			448	6,599
Net cash from operating activities			756,245	343,477
Cash flows from investing activities
Purchase of tangible assets			(18,813)
Proceeds from sale oftangible assets			500	100
Net cash used in investing activities			(18,313)	100
Cash flows from financing activities
Repayments of secured bank loans			(131,498)	(118,534)
Receipt of secured bank loan				150,000
Net cash from financing activities			(131,498)	31,466
Net increase in cash and cash equivalents			606,434	375,043
Cash and cash equivalents at beginning	of year		2,258,249	1,883,206
Cash and cash equivalents at the year	end	15	2,864,683	2,258,249

People in Action	People in Action
NOTES TO THE FINANCIAL STATEMENTS
For	the year ended 31March 2021
4.	OTHER OPERATING INCOME
			2021f	2020f
	Donations and Sundry income		3,629	111,526
	Grant income received		579,918
5.	INTEREST PAYABLE AND SIMILAR CHARGES
			2021f	2020f
	On Bank Loans and Overdrafts		31,574	42,591
	NET INCOMING / (OUTGOING)	RESOURCES FOR THE YEAR
	These are stated after charging:		2021f	2020f
	Depreciation of Owned Tangible	Fixed Assets	2,536	14,286
	Depreciation of Leasehold Property		39,426	39,426
	(Profit) / Loss on disposal of Fixed Assets		124	(100)
	Auditors' Remuneration and other services		23,700	23,000
	Hire of Other Assets - Property	Rentals	352,119	448,496
	- Vehicles	and Equipment	69,618	99,539

7a.	INCOME AND COSTS	FOR THE PROVISION	OF CARE AND NURSING
			2021		2020
				r
	Fees received for the
	provision of care and	nursing	1,281,975		1,689,841
	Other operating income		235,539
			1,517,514		1,689,841
	Cost of sales	1,165,716		1,476,319
	Administrative expenses		251,185	343,048
	Expenditure incurred	for the
	provision of care and	nursing	1,416,901		1,819,367
	Surplus/(Deficit) for the year		100,613		(129,526)
7b.	INCOME AND COSTS	FOR THE CAFE
			2021		2020
	Cafe income		71,377		20,420
	Other operating income		4,000		407
			75,377		20,827
	Cost of sales		29,127	10,757
	Administrative expenses		95,791	32,140
	Expenditure incurred	on:
	Cafe		(124,918)		(42,897)
	Deficit for the year		(49,541)		(22,070)

				Voluntary	Charitable
				incomef	activitiesf	2021f	2020f
Staff and	Agency Support			4,585	8,334,100	8,338,685	8,611,274
Premises	costs				499,469	499,469	577,604
Provision	and household	expenses			268,017	268,017	293,178
Legal and	Professional				57,182	57,182	70,338
Insurance					55,506	55,506	60,380
Depreciation, (Profit)/Loss			on
disposals					39,566	39,566	50,828
Motor and	Travel costs				78,833	78,833	106,808
Bank Interest					31,574	31,574	42,592
Telephone					44,583	44,583	41,876
Recruitment and Training					45,189	45,189	44,339
Residents	Activities, Day		Care etc.		72	72	1,073
General Repairs					64I215	64,215	63,275
Office and Bad debts	Miscellaneous			7,000	247,831 601	254,831 601	212,512
				11,585	9,766,738	9,778,323	10,176,077

			2021	2020
			No	No
Management	and Administration		471	466
The aggregate	payroll costs of these persons	were as follows:
			2021f	2020f
Wages and Salaries			8,588,329	8,822,443
Social Security	Costs		675,783	700,048
Other Pension	Costs		214,673	247,931
			9,478,785	9,770,422

-
2021	2020
No	No

Taxable emoluments	band:
f100,000 - f110,000
f120,000 - f130,000

			Motor
GROUP	Short		vehicles 8
	leasehold	Freehold	mobile
	property	property	home	Equipment	Total
		E	E	E	E
COST:
At 1 April 2020	575,470	3,575,000	109,558	534,123	4,794,151
Additions		18,813			18,813
Disposals			(14,000)	(2,850)	(16,850)
At 31 March 2021	575,470	3,593,813	95,558	531,273	4,796,114
ACCUMULATED
DEPRECIATION:
At 1 April 2020	285,878		107,804	525,963	919,645
Charge for the year	39,427		439	2,096	41,962
Disposals			(14,000)	(2,227)	(16,227)
At 31 March 2021	325,305		94,243	525,832	945,380
NET BOOK VALUE:
At 1 April 2020	289,592	3,575,000	1,754	8,160	3,874,506
At 31 March 2021	250,165	3,593,813	1,315	5,441	3,850,734

year ended 31March TANGIBLE FIXED ASSETS	2021 continued
			Motor
CHARITABLE COMPANY	Short		vehicles
	leasehold P DettYf	Freehold propErty f	Bmobile home f	EzjUlpment f	~otal f
COST:
At 1 April 2020	575,470	3,575,000	101,244	491,549	4,743,263
Additions		18,813			18,813
Disposals			(14,000)		(14,000)
At 31 March 2021	575I470	3,593,813	87,244	491,549	4,748,076
ACCUMULATED
DEPRECIATION:
At 1 April 2020	285,879		101,244	490,867	877,990
Charge for the year	39,426			640	40,066
Disposals			(14,000)		(14,000)
At 31 March 2021	325,305		87,244	491,507	904,056
NET BOOK VALUE:
At 1 April 2020	289,591	3,575,000		682	3,865,273
At 31 March 2021	250,165	3,593,813		42	3,844,020

NO	TES TO THE FINANCIAL STATEMENTS
For	the year ended 31March 2021
12.	GOODWILL ON CONSOLIDATION
	COST
	At 1 April 2020 and 31 March 2021	448,332
	AMORTISATION
	At 1 April 2020	363,070
	Charge for the year	17,052
	At 31 March 2021	380,122
	NET BOOK VALUE
	At 31 March 2020	85,262
	At 31 March 2021	68,210

7b. A summa	ry of the balance sheet of the su	bsidiary at 31 March 2021 is shown	below:
		2021f	2020 f
Assets		72,739	43,462
Liabilities		(222,718)	(143,902)
		(149,979)	(100,440)
Represented	by:
Share capital		2	2
Profit and loss account		(149,981)	(100,442)
Net liabilities		(149,979)	(100,440)

	7a aggregated with that of Charterville Care at Home of the subsidiary at 31 March 2021 is shown below:	Limited, A summary of the b	alance sheet
		2021f	2020f
	Assets	123,966	115,680
	Liabilities	(30,368)	(80,987)
		93,598	34,693
	Represented by:
	Share capital	100	100
	Profit and loss account	93,498	34,593
	Net assets	93,598	34,693
13D	CHARITABLE COMPANY
	COST
	At 1 April 2020 and 31 March 2021		570,900
	I M PAIR M ENT
	At 1 April 2020		570,900
	Charge for the year
	At 31 March 2021		570,900
	NET BOOK VALUE
	At 31 March 2020
	At 31 March 2021

For t	he year ended 31	March	2021
14.	DEBTORS
				Group oM' no') 1			~cd JA5A	Charitable ~n~i	Company
					f		f	f	f
	Trade Debtors			775,188		838,857		670,151	724,519
	Other Debtors and	Prepayments		147,803		135,480		101,890	94,664
	Amount due from	group
	undertaking							401,635	1,203,174
				922,991		974,337		1,173,676	2,022,357
	Charitable company amounts due from group undertakings more than one year of nil (2020 - f1,000,000).						include	amounts recoverable after
15,	CASH AND CASH	EQUIVALENTS
								Group
								2021	2020
	Cash and cash equivalents		comprise the	following:				f	f
	Cash at bank and	in hand						2,864,683	2,258,249
16.	BANK LOANS AND	OVERDRAFTS

CRED	ITORS -	AMOUN	TS FALLING	DUE WITHIN ONE YE	AR
				Group		Charitable	Company
				2021f	2020f	2021	2020f
Trade	Creditors			281,321	474,121	228,156	235,475
Social	Security	Costs	and
Other	Taxation			340,449	456,118	302,852	406,294
Other	Creditors			633,512	559,564	547,043	454,472
Accrual	s			620,862	568,255	601,667	555,233
				1,876,144	2,058,058	1,679,718	1,651,474

CREDITORS —AMOUNTS	CREDITORS —AMOUNTS	CREDITORS —AMOUNTS	CREDITORS —AMOUNTS	FALLING	DUE	AFTER MORE THAN	AFTER MORE THAN	AFTER MORE THAN	ONE YEAR
							Group			Charitable	Company
							2021 f		2020 f	2021	2020f
Bank Loans						1,140,095		1,272,129		1,140,096	1,272,129
						1,140,095		1,272,129		1,140,096	1,272,129
Included	in	the above are		the following:
Amounts	repayable by instalments				but	not	wholly			Charitable	Company
repayable	within		five years:							2021 f	2020 f
Repayable Repayable		within within	one to two years two to five years							134,098 411,527	133,394 363,903
Repayable		after	five years							594,470	774,832
										1,140,095	1,272,129

RESERV	E FUNDS
GROUP			Genera	I	Designated	Restricted
			fundsf		fundsf	fundsf	Totalf
At 1 April	2020		2,696,589				2,696,589
Surplus/(deficit) for		the year	828,615				828,615
Transfer	revaluation	reserve
At 31 March 2021			3,525,204				3,525,204
CHARITABLE COMPANY			General		Designated	Restricted
			fundsf		fundsf	fundsf	Totalf
At 1 April	2020		3,808,179				3,808,179
(Deficit)	for the year		(155,511)				(155,511)
Transfer	revaluation	reserve
At 31 March 2021			3,652,668				3,652,668

At 31 March 2021 cancellable operating	the group leases:	committed to making	committed to making	the following	payments	under	non-
		Land and	buildings		Other
		2021 6		2020 I	2021I		2020I
Operating Leases which	expire:
Within one year		168,988		168,988	3,744		3,744
Within two to five years		463,600		516,688	3,226		6,970
After five years		320,292		436,192
		952,880	1,121,868		6,970	10,714