```
REGISTERED COMPANY NUMBER: 02588106 (England and Wales)
REGISTERED CHARITY NUMBER: 1006360
```
## **`REPORT OF THE TRUSTEES AND`**
## **`AUDITED FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`FOR`**
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
```
Averillo & Associates
Chartered Accountants
and Registered Auditors
```
```
16 South End
Croydon
Surrey
CR0 1DN
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020`**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 4
Report of the Independent Auditors 5 to 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
**----- End of picture text -----**
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2020`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2020.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims for the public benefit`**
```
Thecharity'sobjectsandprincipalactivitiescontinuetobetorelievehomelesspeopleinneedby providing
permanentaccommodationalongwithanynecessaryassistanceandsupport.Thepolicyistopurchase, convert,
equipandrentappropriatepropertiestoprovideaccommodationforhomelesspeopleinthecapital.The charity
continues to explore new ways of improving the conditions of homeless individuals.
```
```
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneral guidance
onpublicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grant making policy.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities - how the activities have delivered public benefit`**
```
Revenuefortheyear2020remainedconsistentwith2019asthecharitydidnotincreaserentalcoststoour tenants
during this difficult pandemic year for all.
```
```
Proposedrefurbishmentworksonourpropertyportfoliodidcommencein2020resultinginanadditional buildings
costof£87,000intheyearover2019.Theseworkshavecontinuedinto2021andledtothereleaseandoccupancy of
severalflatsinthe2ndand3rdquartersof2021.Therefurbishmentcontinuesthrough2021andtheeffect upon
revenue and profits once all current work is complete should be apparent in 2022.
```
```
Areviewofrentsiscurrentlybeingcarriedoutbytheadministrationteamandwhererelevant,given tenant
circumstances,increaseswillbeimplementedinlate2021and2022givinganadditionalannualincomeof circa
£50,000 from existing properties.
```
```
Relationshipswereestablishedwithlocalcouncilstoassistthemwiththeirhousingshortagesandweexpectto see
the results of those unions come to fruition in 2021 and beyond.
```
## **`FINANCIAL REVIEW`**
## **`Accounts review`**
```
TheStatementofFinancialActivitiesshowsadeficitfortheyearof£63,921andthetotalreservesstand at
£4,372,311.
```
## **`Investment policy and objectives`**
```
Underthememorandumandarticlesofassociation,thecharityhasthepowertomakeanyinvestmentwhich the
trusteesseefit.Thetrusteeshaveconsideredthemostappropriatepolicyforinvestingfundsandhavefound that
treasuryreservedepositsmeettheirrequirementstogenerateincomependingtherequirementtoexpendfunds on
the purchase and development of properties.
```
## **`Reserves policy`**
```
Thepresentleveloffundingisadequatetosupportthecontinuationofthefourpropertiesnowinoperationfor the
mediumterm,andthetrusteesconsiderthefinancialpositionofthecharitytobesatisfactory.Plansto develop
further accommodation are likely to require further funding.
```
## **`FUTURE PLANS`**
```
Ouraimistoprovideaffordablehousingtothosewhomostneedit.Thecharitywillcontinuethesearchfor new
properties to add to our portfolio with a view to increasing the assistance we can provide to Britain's homeless.
```
```
Page 1
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedon4March1991andregisteredas a
charityon27November1991.ThecompanywasestablishedunderaMemorandumofAssociationwhich established
theobjectsandpowersofthecharitablecompanyandisgovernedunderitsArticlesofAssociation.Intheevent of
the company being wound up members are required to contribute an amount not exceeding £1.
```
## **`Recruitment and appointment of new trustees`**
```
Thedirectorsofthecompanyarealsocharitytrusteesforthepurposesofcharitylawandareappointedunder the
company's Articles of Association.
```
```
Duetothenatureofthecharity'sworkinrelievinghomelesspeopleinneedbyprovidingpermanent accommodation
alongwithnecessaryassistanceandsupport,muchofthecharity'sworkfocusesonobtaininganddevelopingsites to
provide accommodation for the homeless.
```
## **`Organisational structure`**
```
Thecharityisorganisedsothatthetrusteesmeetregularlytomanageitsaffairs.Thestaffingteamconsistsofa CEO,
Development Manager, Operations Manager and two Support Workers.
```
## **`Induction and training of new trustees`**
```
Thetrusteesarealreadyfamiliarwiththepracticalworkofthecharity.Additionally,newtrusteesareinduced and
trainedbyexistingtrusteestofamiliarisethemselveswiththecharityandcontextwithinwhichitoperates and
covers:
```
- `The obligations of Trustees and Directors.`
- `The main documents which set out the operational framework for the charity including Memorandum and Articles.`
- `Resourcing and the current financial position as set out in the latest published accounts.`
- `Future plans and objectives.`
```
NewtrusteesareintroducedtovariousCharityCommissionpublicationssignpostedthroughtheCommission's guide
"theEssentialTrustee".ThisisdistributedtoallnewtrusteesalongwiththeMemorandumandArticlesand latest
financial statements.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
02588106 (England and Wales)
```
## **`Registered Charity number`**
```
1006360
```
## **`Registered office`**
```
388 Old Kent Road
London
SE1 5AA
```
## **`Trustees`**
```
J E Shillingford
D Nixon
F Rowland (resigned 6.7.2020)
D Fisk (appointed 6.7.2020)
```
## **`Company Secretary`**
```
A Gravenstein
```
```
Page 2
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2020`**
```
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Averillo & Associates
Chartered Accountants
and Registered Auditors
16 South End
Croydon
Surrey
CR0 1DN
Solicitors
Harold Benjamin
Hill House
67-71 Lowlands Road
Harrow, Middlesex
HA1 3EQ
Bankers
NatWest Plc
169 Victoria Street
London
SW1E 5BT
These details are shown on the company information sheet.
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
Thetrustees(whoarealsothedirectorsofBrickbyBrickLondonHomeActivityGroupforthepurposesof company
law)areresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrueand fair
viewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.Inpreparingthose financial
statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancial statements
complywiththeCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitable company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
```
```
In so far as the trustees are aware:
```
- `there is no relevant audit information of which the charitable company's auditors are unaware; and`
- `the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.`
## **`AUDITORS`**
```
The auditors, Averillo & Associates, will be proposed for re-appointment at the forthcoming Annual General Meeting.
```
```
Page 3
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
```
## **`REPORT OF THE TRUSTEES`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2020`**
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006 relating
to small companies.
```
```
Approved by order of the board of trustees on 30 September 2021 and signed on its behalf by:
```
```
J E Shillingford - Trustee
```
```
Page 4
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`Opinion`**
```
WehaveauditedthefinancialstatementsofBrickbyBrickLondonHomeActivityGroup(the'charitablecompany') for
theyearended31December2020whichcomprisetheStatementofFinancialActivities,theBalanceSheetand notes
tothefinancialstatements,includingasummaryofsignificantaccountingpolicies.Thefinancialreporting framework
thathasbeenappliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards (United
Kingdom Generally Accepted Accounting Practice).
```
```
In our opinion the financial statements:
```
- `give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and`
- `have been prepared in accordance with the requirements of the Companies Act 2006.`
## **`Basis for opinion`**
```
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law.
OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the
financialstatementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewith the
ethicalrequirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC's Ethical
Standard,andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
```
## **`Conclusions relating to going concern`**
```
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisof accounting
in the preparation of the financial statements is appropriate.
```
```
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or
conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sabilityto continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
```
```
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
```
## **`Other information`**
```
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
```
```
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
```
```
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in
doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our
knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material
inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesriseto a
materialmisstatementinthefinancialstatementsthemselves.If,basedontheworkwehaveperformed,we conclude
thatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehave nothing
to report in this regard.
```
## **`Opinions on other matters prescribed by the Companies Act 2006`**
```
In our opinion, based on the work undertaken in the course of the audit:
```
- `the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and`
- `the Report of the Trustees has been prepared in accordance with applicable legal requirements.`
```
Page 5
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`Matters on which we are required to report by exception`**
```
Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtainedinthe course
of the audit, we have not identified material misstatements in the Report of the Trustees.
```
```
WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreport to
you if, in our opinion:
```
- `adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `certain disclosures of trustees' remuneration specified by law are not made; or`
- `we have not received all the information and explanations we require for our audit; or`
- `the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.`
## **`Responsibilities of trustees`**
```
AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the
charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancial statements
andforbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to
fraud or error.
```
```
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern
basisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyortoceaseoperations, or
have no realistic alternative but to do so.
```
```
Page 6
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`Our responsibilities for the audit of the financial statements`**
```
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from
fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to
influence the economic decisions of users taken on the basis of these financial statements.
```
```
Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.Wedesignprocedures in
linewithourresponsibilities,outlinedabove,todetectmaterialmisstatementsinrespectofirregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
```
```
Baseduponourunderstandingofthecompanyandtheindustry,weidentifiedthattheprincipalriskof non
compliancewithlawsandregulationsrelatedtocompanylawapplicableinEnglandandWales,andweconsidered the
extenttowhichnoncompliancemighthaveamaterialeffectonthefinancialstatements.Wealsoconsidered those
lawsandregulationsthathaveadirectimpactonthepreparationofthefinancialstatements.suchasthe Companies
Act 2006 and payroll tax .
```
```
Weevaluatedmanagement'sincentivesandopportunitiesforfraudulentmanipulationofthefinancial statements
(includingtheoverrideofcontrols)anddeterminedthattheprincipalriskwasfromtheoverridingofthose controls
and management bias in accounting estimates.
```
```
Audit procedures included:
```
- `Enquiring with management regarding correspondence with regulators and tax authorities;`
- `Evaluating management controls designed to prevent fraud and detect irregularities;`
- `Challenging assumptions and judgements made by management in their critical accounting estimates.`
```
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReport of
the Independent Auditors.
```
## **`Use of our report`**
```
Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16 of
theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's
membersthosematterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.To the
fullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthe charitable
companyandthecharitablecompany'smembersasabody,forourauditwork,forthisreport,orfortheopinions we
have formed.
```
```
Peter Nellemose (Senior Statutory Auditor)
for and on behalf of Averillo & Associates
```
```
Chartered Accountants
and Registered Auditors
16 South End
Croydon
Surrey
CR0 1DN
```
```
30 September 2021
```
```
Page 7
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Investment income`
`2`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`Other`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
`22,600`
`382,198`
`1,565`
`406,363`
`368,618`
`99,557`
`468,175`
`(61,812)`
`4,192,507`
`4,130,695`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`2,109`
`-`
`2,109`
`(2,109)`
`243,725`
`241,616`|`2020`
`Total`
`funds`
`£`
`22,600`
`382,198`
`1,565`
`406,363`
`370,727`
`99,557`
`470,284`
`(63,921)`
`4,436,232`
`4,372,311`|`2019`
`Total`
`funds`
`£`
`26,782`
`383,856`
`1,755`
`412,393`
`345,800`
`88,033`
`433,833`
`(21,440)`
`4,457,672`
`4,436,232`|
|---|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 8
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP (REGISTERED NUMBER: 02588106)
```
## **`BALANCE SHEET 31 DECEMBER 2020`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`8`
`Investments`
`9`
**`CURRENT ASSETS`**
`Debtors`
`10`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`3,472,842`
`792,047`
`4,264,889`
`34,760`
`3,031`
`37,791`
`(171,985)`
`(134,194)`
`4,130,695`
`4,130,695`|`Restricted`
`fund`
`£`
`241,616`
`-`
`241,616`
`-`
`-`
`-`
`-`
`-`
`241,616`
`241,616`|`2020`
`Total`
`funds`
`£`
`3,714,458`
`792,047`
`4,506,505`
`34,760`
`3,031`
`37,791`
`(171,985)`
`(134,194)`
`4,372,311`
`4,372,311`
`4,130,695`
`241,616`
`4,372,311`|`2019`
`Total`
`funds`
`£`
`3,694,724`
`789,930`
`4,484,654`
`24,385`
`1,891`
`26,276`
`(74,698)`
`(48,422)`
`4,436,232`
`4,436,232`
`4,192,507`
`243,725`
`4,436,232`|
|---|---|---|---|---|
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30September2021 and
were signed on its behalf by:
```
```
J E Shillingford - Trustee
```
```
The notes form part of these financial statements
```
```
Page 9
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention, with the exception of investments which are included at market value.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Allocation and apportionment of costs`**
```
Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
```
```
Supportcostsincludesallexpenditurenotdirectlyrelatedtothecharitableactivityorfundraising ventures.
Thisincludescostsinrespectofpostage,stationery,telephone,generalofficeexpenses,travel, depreciation
and bank charges.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
|`Freehold property`|`- at varying rates on cost`|
|---|---|
|`Fixtures and fittings`|`- 15% on reducing balance`|
|`Motor vehicles`|`- 25% on reducing balance`|
|`Computer equipment`|`- 33% on cost`|
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
```
continued...
```
```
Page 10
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
|**`2.`**|**`INVESTMENT INCOME`**|||||
|---|---|---|---|---|---|
|||||`2020`|`2019`|
|||||`£`|`£`|
||`Deposit account interest`|||`1,565`|`1,755`|
|**`3.`**|**`SUPPORT COSTS`**|||||
|||||`Governance`||
|||`Management`|`Finance`|`costs`|`Totals`|
|||`£`|`£`|`£`|`£`|
||`Other resources expended`|`89,412`|`2,211`|`7,934`|`99,557`|
||`Support costs, included in the above, are as`|`follows:`||||
|||||`2020`|`2019`|
|||||`Other`||
|||||`resources`|`Total`|
|||||`expended`|`activities`|
|||||`£`|`£`|
||`Salaries`|||`60,000`|`56,802`|
||`Social security`|||`7,073`|`5,688`|
||`Pensions`|||`3,107`|`3,442`|
||`Telephone`|||`2,575`|`3,555`|
||`Office costs`|||`11,184`|`3,764`|
||`Travel`|||`4,473`|`8,365`|
||`Donations`|||`1,000`|`-`|
||`Bank charges`|||`340`|`330`|
||`Depreciation of tangible fixed assets`|||`1,871`|`254`|
||`Auditors' remuneration`|||`4,000`|`4,000`|
||`Auditors' remuneration for non audit work`|||`3,934`|`1,833`|
|||||`99,557`|`88,033`|
|**`4.`**|**`NET INCOME/(EXPENDITURE)`**|||||
||`Net income/(expenditure) is stated after charging/(crediting):`|||||
|||||`2020`|`2019`|
|||||`£`|`£`|
||`Auditors' remuneration`|||`4,000`|`4,000`|
||`Auditors' remuneration for non audit work`|||`3,934`|`1,833`|
||`Depreciation - owned assets`|||`31,855`|`31,544`|
```
continued...
```
```
Page 11
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2020norforthe year
ended 31 December 2019.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2020norfortheyear ended
31 December 2019.
```
## **`6. STAFF COSTS`**
|`Wages and salaries`
`Social security costs`
`The average monthly number of employees during the year was as follows:`
`Property`
`Administration and development`||`2020`
`£`
`205,496`
`15,219`
`220,715`
`2020`
`2`
`1`
`3`||`2019`
`£`
`230,408`
`17,065`|
|---|---|---|---|---|
|||||`247,473`|
|||||`2019`
`2`
`1`
`3`|
```
No employees received emoluments in excess of £60,000.
```
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`Other`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**|`Unrestricted`
`fund`
`£`
`26,782`
`383,856`
`1,755`
`412,393`
`343,691`
`88,033`
`431,724`
`(19,331)`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`2,109`
`-`
`2,109`
`(2,109)`|`Total`
`funds`
`£`
`26,782`
`383,856`
`1,755`
`412,393`
`345,800`
`88,033`
`433,833`
`(21,440)`|
|---|---|---|---|
```
continued...
```
```
Page 12
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
|**`7.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`8.`**
**`TANGIBLE FIXED ASSETS`**
`Fixtures`
`Freehold`
`and`
`property`
`fittings`
`£`
`£`
**`COST`**
`At 1 January 2020`
`4,197,072`
`142,874`
`Additions`
`51,589`
`-`
`Disposals`
`-`
`-`
`At 31 December 2020`
`4,248,661`
`142,874`
**`DEPRECIATION`**
`At 1 January 2020`
`510,508`
`135,475`
`Charge for year`
`29,984`
`1,110`
`Eliminated on disposal`
`-`
`-`
`At 31 December 2020`
`540,492`
`136,585`
**`NET BOOK VALUE`**
`At 31 December 2020`
`3,708,169`
`6,289`
`At 31 December 2019`
`3,686,564`
`7,399`|**`- continued`**
`Unrestricted`
`fund`
`£`
`4,211,838`
`4,192,507`
`Motor`
`vehicles`
`£`
`3,500`
`-`
`(3,500)`
`-`
`3,149`
`351`
`(3,500)`
`-`
`-`
`351`||`Restricted`
`fund`
`£`
`245,834`
`243,725`
`Computer`
`equipment`
`£`
`1,624`
`-`
`(1,624)`
`-`
`1,214`
`410`
`(1,624)`
`-`
`-`
`410`|`Total`
`funds`
`£`
`4,457,672`
`4,436,232`
`Totals`
`£`
`4,345,070`
`51,589`
`(5,124)`
`4,391,535`
`650,346`
`31,855`
`(5,124)`
`677,077`
`3,714,458`
`3,694,724`|`Total`
`funds`
`£`
`4,457,672`|
|---|---|---|---|---|---|
||||||`4,436,232`|
|||||||
|||||||
|||||||
|||||||
|||||||
```
Includedincostorvaluationoflandandbuildingsisfreeholdlandof£986,653(2019-£986,653)whichis not
depreciated.
```
```
Thefreeholdproperty,furniture,fixtures&fittingsincludedaboveandtotalling£3,714,458areusedor have
been acquired to be used directly for charitable purposes.
```
```
continued...
```
```
Page 13
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`9. FIXED ASSET INVESTMENTS`**
|**`MARKET VALUE`**
`At 1 January 2020`
`Additions`
`At 31 December 2020`
**`NET BOOK VALUE`**
`At 31 December 2020`
`At 31 December 2019`
`There were no investment assets outside the UK.`
**`10.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Rents receivable`
`Tax`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Accruals and deferred income`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Income fund`
**`TOTAL FUNDS`**|`At 1.1.20`
`£`
`4,192,507`
`243,725`
`4,436,232`|`2020`
`£`
`23,546`
`11,214`
`34,760`
`2020`
`£`
`24,669`
`17,607`
`129,709`
`171,985`
`Net`
`movement`
`in funds`
`£`
`(61,812)`
`(2,109)`
`(63,921)`|`Cash and`
`settlements`
`pending`
`£`
`789,930`
`2,117`
`792,047`
`792,047`
`789,930`
`2019`
`£`
`16,242`
`8,143`
`24,385`
`2019`
`£`
`870`
`4,025`
`69,803`
`74,698`
`At`
`31.12.20`
`£`
`4,130,695`
`241,616`
`4,372,311`|
|---|---|---|---|
```
continued...
```
```
Page 14
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Income fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`406,363`
`(468,175)`
`(61,812)`
`-`
`(2,109)`
`(2,109)`
`406,363`
`(470,284)`
`(63,921)`|
|---|---|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Income fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Income fund`
**`TOTAL FUNDS`**|`At 1.1.19`
`£`
`4,211,838`
`245,834`
`4,457,672`
`follows:`
`Incoming`
`resources`
`£`
`412,393`
`-`
`412,393`|`Net`
`movement`
`in funds`
`£`
`(19,331)`
`(2,109)`
`(21,440)`
`Resources`
`expended`
`£`
`(431,724)`
`(2,109)`
`(433,833)`|`At`
`31.12.19`
`£`
`4,192,507`
`243,725`
`4,436,232`
`Movement`
`in funds`
`£`
`(19,331)`
`(2,109)`
`(21,440)`|
|---|---|---|---|
```
continued...
```
```
Page 15
```
```
BRICK BY BRICK LONDON HOME
ACTIVITY GROUP
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Income fund`
**`TOTAL FUNDS`**|`At 1.1.19`
`£`
`4,211,838`
`245,834`
`4,457,672`|`Net`
`movement`
`in funds`
`£`
`(81,143)`
`(4,218)`
`(85,361)`|`At`
`31.12.20`
`£`
`4,130,695`
`241,616`|
|---|---|---|---|
||||`4,372,311`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Income fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`818,756`
`(899,899)`
`(81,143)`
`-`
`(4,218)`
`(4,218)`
`818,756`
`(904,117)`
`(85,361)`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`818,756`
`(899,899)`
`(81,143)`
`-`
`(4,218)`
`(4,218)`
`818,756`
`(904,117)`
`(85,361)`|
|---|---|---|
|||`(85,361)`|
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2020.
```
## **`14. RESTRICTED FUNDS OF THE CHARITY`**
```
Therestrictedfundisrepresentedbygrantsforthepurchase,developmentandthefurnishingof77 Trafalgar
Avenue,thedouble-glazingofOldKentRoadandQueensRoadandthepurchaseanddevelopmentof the
Charlton Project at Lansdowne Mews, against which the depreciation of these assets are charged.
```
```
Page 16
```