2021-03-31-accounts - Acre Housing

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				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers	1-2
Trustees' report				3-6
Independent auditor's	report	on the financial statements		7-10
Statement offinancial	activities
Balance sheet				12
Statement ofcash flows				13
Notes to the financial	statements			14-28

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note	E		E.	E
Income from:
Donations and legacies			5,496		5,496
Charitable activities				1,035,745	1,035,745	967,831
Other trading activities						250
Investment income				231	231	980
Total income			5,496	1,035,976	1,041,472	969,061
Expenditure on:
Charitable activities				522,227	522,227	542,448
Total expenditure				522,227	522,227	542,448
Net income			5,496	513,749	519,245	426,613
Transfers between	funds	10	(316)	316
Net movement in funds			5,180	514,065	519,245	426,613
Reconciliation offunds:
Total funds brought	forward		591,412	9,826,790	10,418,202	9,991,589
Net movement in funds			5,180	514,065	519,245	426,613
Total funds carried forward			596,592	10,340,855	10,937,447	10,418,202

		BALANCE SHEET
		AS AT 31 MARCH 2021
			2021		2020
		Note			F
Fixed assets
Tangible assets			11,964,150		11,586,463
Current assets
Debtors		62,501		50,526
Cash at bank and	in hand	578,705		549,468
		641,206		599,994
Creditors: amounts	falling due within one
year		(271,553)		(228,073)
Net current assets			369,653		371,921
Total assets less	current liabilities		12,333,803		11,958,384
Creditors: amounts	falling due after more
than one year			(1,396,356)		(1,540, 182)
Total net assets			10,937,447		10,418,202
Charity funds
Restricted funds		10	596,592		591,412
Unrestricted funds		10	10,340,855		9,826,790
Total funds			10,937,447		10,418,202

			STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
		FOR THE YEAR ENDED 31 MARCH				2021
							2021	2020
						Note		E
Cash flows from operating	activities
Net cash generated from operating		activities				13	645,350	494,899
Cash flows from investing	activities
Proceeds from the sale oftangible		fixed	assets					143,614
Purchase oftangible fixed assets							(396,707)	(536,070)
Interest received							231	980
Net cash used in investing	activities						(396,476)	(391,476)
Cash flows from financing	activities
Cash inflows from new borrowing								350,000
Repayments of borrowing							(170,939)	(140,460)
Interest paid							(48,698)	(49,602)
Net cash (used in)/provided	by financing			activities			(219,637)	159,938
Change in cash and cash	equivalents		in	the year			29,237	263,361
Cash and cash equivalents	at the	beginning		ofthe year			549,468	286, 107
Cash and cash equivalents	at the end of			the year		14	578,705	549,468
The notes on pages 14to 28 form		part ofthese financial			statements

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			K		F
Accommodation	provision	and related services	1,035,745	1,035,745	967,831
Total 2020			967,831	967,831

				Grant
			Direct	funding of	Support	Total	Total
			costs	activities	costs	funds	funds
			2021	2021	2021	2021	2020
				E	F		F
Accommodation	provision	and
related services			419,149	96,065	7,013	522,227	542,448
Total 2020			433,541	103,000	5,907	542,448

					Total	Total
					funds	funds
					2021	2020
					E.	E
Rates and water					35,081	30,946
Insurance					9,796	8,840
Housing rent paid					9,035	8,711
Leasehold service charges					27,193	26,935
Repairs and renewals					190,778	232,453
Administration and housing		management		fees	65,275	65,275
Legal and professional	fees				14,273	7,285
Depreciation					19,020	22,716
(Gain)/loss on sale of	tangible		fixed assets			(19,222)
Bank charges and interest					1,631	6,316
Loan interest					47,067	43,286
					419,149	433,541
Analysis ofsupport	costs
					Total	Total
					funds	funds
					2021	2020
					E
Auditors' remuneration					6,000	2,390
Auditors' remuneration	for non		audit work		250	2,230
General expenses					763	1,287
					7,013	5,907

	Freehold	Long	Fixtures and
	property E	leasehold	fittings f	Total
Cost or valuation
At 1 April 2020	10,321,345	1,423,303	16,623	11,761,271
Additions	391,211		5,496	396,707
At 31 March 2021	10,712,556	1,423,303	22,119	12,157,978
Depreciation
At 1 April 2020		166,015	8,793	174,808
Charge for the year		17,708	1 312	19,020
At 31 March 2021		183,723	10,105	193,828
Net book value
At 31 March 2021	10,712,556	1,239,580	12,014	11,964,150
At 31 March 2020	10,321,345	1,257,288	7,830	11,586,463

		2021	2020
		K.	F
Trade debtors		9,441	7,821
Other debtors		6,771	14,675
Prepayments	and accrued income	46,289	28,030
		62,501	50,526

		2021	2020
			E
Bank loans		140,972	168,085
Trade creditors		11,305	17,641
Other creditors		94,780	21,217
Accruals and deferred	income	24,496	21,130
		271,553	228,073

		2021	2020
		F	E
Bank loans		1,396,356	1,540,182
Included within the above are amounts	falling due as follows:
		2021f	2020 E
Between one and two years
Bank loans		109,361	138,218
Between two and five years
Bank loans		328,083	317,013
Over five years
Bank loans		958,912	1,084,951

Statement offunds	- current	year
						Balance at
		Balance at 1			Transfers	31 March
		April 2020	Income	Expenditure	in/out	2021
		E	E	E		E
Unrestricted funds
Designated funds
Designated funds		6,087,167			522,083	6,609,250
Designated funds -	donated
properties		3,729,623			(8,018)	3,721,605
		9,816,790			514,065	10,330,855
General funds
General fund		10,000	1,035,976	(522,227)	(513,749)	10,000
Total Unrestricted	funds	9,826,790	1,035,976	(522,227)	316	10,340,855
Restricted funds
Charles Road		201,801			(179)	201,622
Hagbourne Road		71,083				71,083
Fir Tree Avenue		25,000				25,000
Bradstocks Way		82,299				82,299
Slade Road		41,500				41,500
Bryan Way		155,500				155,500
Steventon Road		429				429
Virginia Way		13,800				13,800
Ashfield Road			5,496		(137)	5,359
		591,412	5,496		(316)	596,592
Total offunds		10,418,202	1,041,472	(522,227)		10,937,447

Statement	offunds	-prior ye	ar
							Balance at
			Balance at			Transfers	31 March
			1 April 2019	Income	Expenditure	in/out	2020
			E	E	F	E	E
Unrestricted	funds
Designated	funds
Designated	funds		4,734,745			1,352,422	6,087,167
Designated	funds -	donated
properties			4,655,288			(925,665)	3,729,623
			9,390,033			426,757	9,816,790
General funds
General fund			10,000	969,061	(542,448)	(426,613)	10,000
Total Unrestricted		funds	9,400,033	969,061	(542,448)	144	9,826,790
Restricted	funds
Charles Road			201,945			(144)	201,801
Hagbourne	Road		71,083				71,083
Fir Tree Avenue			25,000				25,000
Bradstocks	Way		82,299				82,299
Slade Road			41,500				41,500
Bryan Way			155,500				155,500
Steventon Road			429				429
Virginia Way			13,800				13,800
			591,556			(144)	591,412
Total offunds			9,991,589	969,061	(542,448)		10,418,202

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Transfers	31 March
		April 2020	Income	Expenditure	in/out	2021
			F			F
Designated	funds	9,816,790			514,065	10,330,855
General funds		10,000	1,035,976	(522,227)	(513,749)	10,000
Restricted	funds	591,412	5,496		(316)	596,592
		10,418,202	1,041,472	(522,227)		10,937,447

Summary	offunds - prio	r year
						Balance at
		Balance at			Transfers	31 March
		1 April 2019	Income	Expenditure	in/out	2020
			F	F.	E
Designated	funds	9,390,033			426,757	9,816,790
General funds		10,000	969,061	(542,448)	(426,613)	10,000
Restricted	funds	591,556			(144)	591,412
		9,991,589	969,061	(542,448)		10,418,202

Analysis	of n	et assets between funds - current	year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021 f	2021 F	2021
Tangible	fixed	assets	596,592	11,367,558	11,964,150
Current	assets			641,206	641,206
Creditors	due	within one year		(130,581)	(130,581)
Creditors	due	in more than one year		(1,537,328)	(1,537,328)
Total			596,592	10,340,855	10,937,447

Analysis	ofn	et assets between funds - prior ye	ar
			Restricted	Unrestricted	Total
			funds	funds	funds
			2020	2020	2020
			E	F	F
Tangible	fixed	assets	591,412	10,995,051	11,586,463
Current	assets			599,994	599,994
Creditors	due	within one year		(228,073)	(228,073)
Creditors	due	in more than one year		(1,540,182)	(1,540,182)
			591,412	9,826,790	10,418,202

13.	Reconciliation of	net movement	in fund	s to net cas	h flow from opera	ting activities
						2021	2020
						f.	E
	Net income for the year (as per Statement			of Financial	Activities)	519,245	426,613
	Adjustments for:
	Depreciation charges					19,020	20,568
	Loss/(profit) on the	sale offixed assets					(19,222)
	Increase in debtors					(11,975)	(54)
	Increase in creditors					70,593	18,372
	Interest received					(231)	(980)
	Interest paid					48,698	49,602
	Net cash provided	by operating	activities			645,350	494,899
14.	Analysis ofcash and cash equivalents
						2021	2020
						F	F
	Cash in hand					578,705	549,468
	Total cash and cash equivalents					578,705	549,468

					At 1 April	At 1 April		At 31 March
						2020	Cash flows f	2021
	Cash at bank and in hand					549,468	29,237	578,705
	Debt due within 1 year					(168,085)	27,113	(140,972)
	Debt due after 1 year				(1,540,182)		143,826	(1,396,356)
					(1,158,799)		200,176	(958,623)
16.	Capital commitments
							2021f	2020
	Contracted	for but not provided		in these financial	statements
	Development	of property					221,102
17.	Operating lease commitments
	At 31 March	2021 the	Company	had commitments	to make future	minimum	lease payments	under non-
	cancellable	operating	leases as follows:
							2021	2020
								F
	Not later than 1 year						25,533	8,840
	Later than 1	year and	not later than 5years				35,358	35,358
	Later than 5	years					89,869	98,709
							150,760	142,907