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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|
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||||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||||
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||||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||
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|||||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||
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||||||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|
##
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||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|
##
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|||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|
##
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|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|
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|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|
##
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##
|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|
##
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##
||||||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|
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