# ## ## |Patron|||G Naylor MBChg,|G Naylor MBChg,|FRCS(ED), FRCOPHTH|FRCS(ED), FRCOPHTH|FRCS(ED), FRCOPHTH| |---|---|---|---|---|---|---|---| |Trustees|||Joy Killip||||| ||||Pat Lord||||| ||||Joseph Bannister||||| ||||Beverley Gamty||||| ||||Alan Cantor||||| ||||Michael Steel||||| ||||Alistair Humphreys||(resigned||30th June 2020)| ||||Neville Preston (resigned 7th September 2020)||||| ||||Terry Wright (appointed|||29th|September 2020)| |Chair|||Joseph Bannister||||| |Vice Chair|||Barbara Whalley|(resigned 31stOctober 2020)|||| ||||Beverley Gamty (appointed||||1st December 2020)| |Chief Executive||and Company|Ruth Lambert||||| |Secretary|||||||| |Charity number|||1009955||||| |Social landlord||number|L4005||||| |Company|number||02698040||||| |Principal address and Registered|||Bosworth Place||||| |Office|||Squires Gate||||| ||||Blackpool||||| ||||Lancashire||||| ||||FY4 1SH||||| |Auditor|||Champion
Accountants|||LLP|| ||||Unit 2 Olympic Court||||| ||||Whitehills
Business||Park||| ||||Blackpool||||| ||||Lancashire||||| ||||FY4 5GU||||| |Bankers|||HSBC Bank Pic||||| ||||1 Newhouse
Road||||| ||||Oxford Square||||| ||||Blackpool||||| ||||Lancashire||||| ||||FY4 4YH||||| ## ||Barclays Bank Pic| |---|---| ||1 Birley Street| ||Blackpool| ||Lancashire| ||FY1 tDX| |Solicitors|Wilsons Solicitors| ||Atexandra
House| ||StJohns Street| ||Salisbury| ||SP1 2SB| ## ## |||Page| |---|---|---| |Trustees'
report||1-13| |Statement
ofTrustees'|responsibilities|14| |Independent
auditor's|report|15-18| |Statement offinancial|activities|| |Balance sheet||20| |Statement ofcash flows||21| |Notes to the financial|statements|22- 39| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|hmds||funds|funds|| ||||Notes|2021
f|2021
6|2021
6|2020
6|2020
6|2020f| |Incom
n
en|wm||n||||||| |Donations
and legacies|||3|224,535|95,152|319,687|38,050|75,441|113,491| |Charitable
activities|||4|1,097.408|54,274|1,151,682|1228,344|47,767|1,276,111| |Other trading
activities|||5|37.559||37,559|124,366|1,000|125,366| |Investments|||6|27.604||27,604|38,886||38,886| |Other income|||7|2,558|6,250|8,808|7,321||7,321| |Total income||||1,389,664|155,676|1,545,340|1,436,967|124.208|1,561,175| |~E*
dit|||||||||| |Raising funds|||8|141,516||141,516|145,018||145,018| |Charitable
activities|||9|1,246,960|144,744|1,391,704|1,393,874|96,158|1,490,032| |Total resources|||||||||| |expended||||1,388,476|144,744|1,533,220|1,538,892|96,158|1,635,050| |Net gains/(losses)||on|||||||| |investments|||14|152,088||152,088|(120,528)||(120,528)| |Net incomingl|||||||||| |(outgoing) resources|||||||||| |before transfers||||153,276|10,932|164,208|(222,453)|28,050|(194,403)| |Gross transfers|||||||||| |between funds||||(4,014)|4,014||||| |Net movement|in|funds||149,262|14,946|164,208|(222,453)|28,050|(194,403)| |Fund balances at 1|||||||||| |April2020||||1,664.603|1,246,131|2,910,734|1.887.056|1718,081|3,105,137| |Fund balances|at|31|||||||| |March 2021||||1,813,865|1,261,077|3,074,942|1,664,603|1,246,131|2,910,734| ## ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes|5||6|| |Fixed assets|||||||| |Tangible assets|||15||1,433,934||1,445,344| |Current assets|||||||| |Stocks|||16|6,502||8,224|| |Debtors|||17|76,095||42,849|| |investments|||19|1,490,433||1,325,299|| |Cash at bank and|in|hand||223,569||160,915|| |||||1,796,599||1,537,287|| |Creditors: amounts
one year||falling due within|20|(155,591)||(71,897)|| |Net current assets|||||1,641,008||1,465,390| |Total assets less|current liabilities||||3,074,942||2,910,734| |Income funds|||||||| |Restricted funds
v
t'tdhd|||22||1,261,077||1,246,131| |General unrestricted||funds||1,728,922||1,579,660|| |Revaluation
reserve||||84,943||84,943|| ||||||1,813,865||1,664,603| ||||||3,074,942||2,910,734| ## ## ## ## |||||||2021||2020|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|6||f|| |Cash flows from operating|||activities||||||| |Cash generated
from/(absorbed||||by)|27||||| |operations|||||||58,673||(11,634)| |Investing|activities||||||||| |Purchase|oftangible fixed|assets||||(10,577)||(10,084)|| |Proceeds|on disposal ofinvestments|||||336,787||393,815|| |Purchase|ofinvestments|||||(349,833)||(497,418)|| |Interest received||||||27,604||38,886|| |Net cash|generated
from/(used|||in)|||||| |investing|activities||||||3,981||(74,801)| |Net cash|used in financing||activlges||||||| |Net increasel(decrease)||in|cash and cash||||||| |equivalents|||||||62,654||(86,435)| |Cash and|cash equivalents||at beginning||ofyear||160,915||247,350| |Cash and|cash equivalents||at end ofyear||||223,569||160,915| |Relating|to:||||||||| |Cash at bank and in hand|||||||223,569||160,915| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unresb icted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2021f|2021
6|2021
6|2020
8|2020f|2020| |Donations|and gifts|18,635||18,635|23,059|32,097|55,156| |l egacies receivable
Grants receivable||126,900
79,000|3,500
91,652|130,400
170,652|14,991|43,344|14,991
43,344| |||224,535|95,152|319,687|38,050|75,441|113,491| ||||O
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6| |Revaluation|of|investments|180,410|(111,404)| |Gain/(loss)|on|sale ofinvestments|(28.322)|(9,124)| ||||152,088|(120,528)| ## ## |15|Tangible fixed assets|||||| |---|---|---|---|---|---|---| ||||Land and|Fixtures, Niotor vehictes||Totat| ||||bugdings|Sttings S||| |||||equipment||| |||||6|8|| ||Cost or valuation|||||| ||At 1 April 2020
Additions||1,400,000|264,511
10.577|14,341|1,678,852
10,577| ||At 31 March 2021||1,400,000|275,088|14,341|1,689,429| ||Depreciation
and impairment|||||| ||At 1 April 2020
Depreciation
charged|in the year|27,806
8,397|200,539
11,754|5,163
1,836|233,508
21,987| ||At 31 March 2021||36,203|212,293|6,999|255,495| ||Carrying
amount
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CI|| ## ## |23|Analysis of|net assets|between funds|||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| ||||funds|funds||funds|funds|| ||||2021|2021|2021|2020|2020|2020| ||||E|E|E|E|E|E| ||Fund balances at 31|||||||| ||March 2021|are||||||| ||represented|by:||||||| ||Tangible assets||242,934|1,191,000|1,433,934|254,344|1,191,000|1,445,344| ||Current assetsl|||||||| ||(liabilities)||1,570,931|70,077|1,641,008|1,410,259|55,131|1,465,390| ||||1,813,865|1,261,077|3,074,942|1,664,603|1,246,131|2,910,734| ||2021|2020| |---|---|---| ||E|E| |Within one year
Between two and five years|38,881
28,584|34,504
1,215| ||67,465|35,719| |The remun|eration
ofkey management
personnel
is as|follows.|| |---|---|---|---| |||2021|2020| |||E|E| |Aggregate|compensation|133,107|131,701| ## ## ## |27|Cash generated
from operations|Cash generated
from operations||||2021|2020| |---|---|---|---|---|---|---|---| |||||||8|8| ||Surplus/(degctt)
for the year|||||164,208|(194,403)| ||Adjustments
for:||||||| ||Investment
income recognised|in|statement|offinancial|activities|(27,604)|(38,886)| ||Loss on disposal ofinvestments|||||28,322|9,124| ||Fair value gains and losses on|investments||||(180,410)|111,404| ||Depreciation
and impairment
oftangible fixed assets|||||21,987|25,137| ||Movements
in working
capital:||||||| ||Decrease in stocks|||||1,722|| ||(Increase)/decrease
in debtors|||||(33,246)|51,833| ||Increase
in creditors|||||83,694|24,157| ||Cash generated
from/(absorbed||by) operations|||58,673|(11,634)|