2021-03-31-accounts - East Cheshire Housing Consortium Limited

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			Page
Report ofthe Trustees		1	to	4
Report ofthe Independent Auditors		5	to	7
Statemeat ofFiaanclal Activities
Balance Sheet
Cash Flow Statement			10
Notes to the Cash Flow Statement
Notes to the Financial Statements		12	to	17
Detailed Statement ofFinancial	Activities	18	to	19

Reserves.
		2021	2020
			f.
Total funds	held	1,269,678	1,254,338
Restricted	funds	1,329	1,329
Designated	funds	20,400	20,400
Funds utilised for fixed assets and investments		601,768	511,490
Free funds		646,181	721,119

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies							583
Charitable activities
Grants and care income				2,964,357		2,964,357	2,688,404
Section 64 Stunts				282,647		282,647	282,647
Investment income			4	7,800		7,800	7,800
Total				3,254,804		3,254,804	2,979,434
EXPENDITURE ON
Charitable activities
General
Staffcosts				1,995,194		1,995,194	1,896,029
Premises costs				1,059,383		1,059,383	762,872
Legal and professional				37,426		37,426	36,426
Other expenses				138,308		138408	214,882
Audit, statutory accounts and annual		return		5,160		5,160	7,800
Other				3,993		3,993
Total				3439,464		3,239,464	2,918,009
NET INCOME				15,340		15440	61,425
RECONCILIATION	OF FUNDS
Total funds brought	forward			1,253,009	1,329	1,254438	1,192,913
TOTAL FUNDS CARRIED FORWARD				1468449	1,329	1469,678	1,254,338

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	fuods
	Notes
FIXEDASSETS
Tangible assets		11	349,268		349,268	258,990
Investment property		12	252,500		252400	252,500
			601,768		601,768	511,490
CURRENT ASSETS
Debtors		13	704,035		704,035	707,441
Cash at bank and in hand			299,144	1,329	300,473	204,463
			1,003,179	1,329	1,004,508	911,904
CREDITORS
Amounts falling due within	one year	14	(249,731)		(249,731)	(169,056)
NET CURRENT ASSETS			753,448	1429	754,777	742,848
TOTAL ASSETS LESSCURRENT LIA.BILITIES			1,355,216	1,329	1,356,545	1,254,338
CREDITORS
Amounts falling due after more than one year		15	(86,867)		(86,867)
NET ASSETS			1,268449	1,329	1,269,678	1,254,338
FUNDS		17
Unrestricted funds					1,268,349	1,253,009
Restricted funds					1329	1,329
TOTAL FUNDS					1469,678	1,254,338

						2021	2020
					Notes
Cash flows froru operating	activities
Cash generated fi'om operations Interest paid						120,828 (3,993)	31,835
Net cash provided by operating		activities				116,835	31,835
Cash flows from investing	activities
Purchase oftangible fixed assets						(145,099)
Net cash (used in)/provided	by	investing		activities		(145,099)
Cash flows from financing	activiiies
Capital repayments in year						124474
Net cash provided by financing		activities				124,274
Change in cash and cash equivalents			in	the
reporting period Cash and cash equivalents	at	the beginning			of	96,010	31,835
the reporting period						204,463	172,628
Cash and cash equivalents	at	the ead	ofthe
reporting period						300,473	204,463

					2021	2020
Net income	for tbe	reporting	period (as per the Statement ofFinancial
Activities)					15,340	61,425
Adjustments	for:
Depreciation	charges				54,822	49,199
Interest paid					3,993
Decrease/(increase)		in debtors			3,406	(148,725)
Increase in creditors					43,267	69,936
Net cash provided		by operations			120,828	31,835
ANALYSIS	OF CHANGES		IN NET FUNDS
				At 1.4.20	Cash flow	At 31.3.21
Net cash
Cash at bank	and in	hand		204,463	96,010	300,473
				204)463	96,010	300,473
Debt
Finance leases					(124,274)	(124474)
					(124,274)	(124474)
Total				204,463	(28,264)	176,199

DONATIONS	AND LEGACIES
					2021	2020
Donations						583
INVESTMENT INCOME
					2021	2020
					f
Rents received					7,800	7,800
INCOME FROM CHARITABLE ACTIVITIES
					2021	2020
		Activity
Grants and care income Section 64 grants		Grants Section	and care income 64 grants		2,964457 282,647	2,688,404 282,647
					3,247,004	2,971,051
CARTABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 7)	Totals
Staif costs Premises costs Legal and professional Other expenses				1)995,194 1,059483 138,096	37,426 212	1,995,194 1,059,383 37,426 138,308
Audit, statutory	accounts and annual	return			5,160	5,160
				3,192,673	42)798	3,235,471

			2021	2020
Auditors'	remuneration		2,000	1,560
Depreciation		- owned assets	54,821	49,198

11.	TANGIBLE	FIXEDASSETS
			Short	Plant and	Motor
			leasehold	machinery	vehicles	Totals
	COST
	At I April 2020		465,716	301,780	87,248	854,744
	Additions				145,099	145,099
	Disposals		(117,425)	(67,745)	(58,270)	(243,440)
	At 31 March	2021	348,291	234,035	174,077	756,403
	DEPRECIATION
	At 1 April 2020		220,852	287,654	87,248	595,754
	Charge for year		20,758	10,108	23,955	54,821
	Eliminated on disposal		(117,425)	(67,745)	(58,270)	(243,440)
	At 31 March	2021	124,185	230,017	52,933	407,135
	NKT BOOK	VALUE
	At 31 March	2021	224,106	4,018	121,144	349,268
	At 31 March	2020	244,864	14,126		258,990
12.	INVESTMENT PROPERTY
	FAIR VALUE
	At I April 2020
	and 31March	2021				252,500
	NET BOOK	VALUE
	At 31 March	2021				252,500
	At 31 March	2020				252,500
13.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					2021	2020
					f
	Trade debtors				411,902	437,761
	Other debtors				1,839	829
	Prepayment&	and accrued income			290,294	268,851
					704,035	707,441

14.	CREDITORS:	AMOUN	TS FALLING DUK WITHIN ONK YEAR
				2021		2020
	Finance leases (see note		I6)	37,407
	Trade creditors			144,956		87,325
	Social security	and other	taxes	35,116		30,400
	Other creditors			11,445		10,370
	Accruals and deferred income			20,807		40,961
				249,731		169,056
15.	CREDITORS:	AMOUNTS FALLING DUE AFTER MORE THAN ONK YEAR
				2021		2020
	Finance leases (see note		I6)	86,867
16.	LEASING AGREEMKNTS
	Minimum lease	payments	fall due as follows;
				Finance leases
				2021		2020
	Net obligations	repayable:
	Within one year			37,407
	Between one and five years			86,867
				124,274
					Non-cancellable
					operating	leasot
				2021		2020
				6
	Within one year			489,733	352,434
	Between one and five years			1,415,275	1,262,215
	In more than five years			2,379,540	1,744,200
				4,284,548	3,358,849

			2020	Net movement	Transfer	2021
Unrestricted		funds	f	f	f	8
General funds			1,209,146	15,340		1,224,486
Revaluation		reserves	23,463			23,463
Designated		funds	20,400			20,400
			1,253,009	15,340		1,268,349
Restricted	funds
Nixon Street			1,329			1,329
			1,234,098	15,340		1,269,678

		2021	2020
		I
INCOME AND	ENDOWMENTS
Donations aad legacies
Donations			583
Investment income
Rents received		7,800	7,800
Charitable activities
Grants and care income		2,964,357	2,688,404
Section 64 grants		282,647	282,647
		3,247,004	2,971,051
Total incomiag	resources	3,254,804	2,979,434
EXPENDITURE
Charitable activities
Rates and water		27,291	32,154
Rent		668,555	467,732
Light and heat		69,650	68,365
Telephone		55,368	47,060
Insurance		33484	27,274
Maintenance and	repairs	156,965	74,201
Cleaning		46g93	46,085
Payroll costs		1)297)144	1,270,818
Agency and recruitment		585,460	524,517
Trainmg		18,632	19,936
Motor and travel		51,639	71,459
Registrations		1441	2,822
Pension costs		9,003	6,477
Lifelines		6,078	5,306
Fire safety		4,466	6,652
Misc and housekeeping		59,729	110,050
PPS		44,093	36,966
Holidays and activities		IJ60	6,468
Depreciation oftangible fixed assets		54,822	49,199
		3,192,673	2,873,541
Other
Bank interest		3,993
Supportcosts
Finance
Bank charges		212	242
Governance costs
Auditors' remuneration		2,000	1,560
Accountancy fees		3,160	6,240
Carried forward		5,160	7,800