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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||7-9|
|Statement
offinancial|activities|||10|
|Balance sheet|||||
|Statement
ofcash flows||||12|
|Notes to the financial|statements|||13-26|
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note||F|F|F|
|Income from:|||||||
|Donations
and legacies||||||5,496|
|Charitable
activities||||1,063,350|1,063,350|1,035,745|
|Investment
income||||54|54|231|
|Total income||||1,063,404|1,063,404|1,041,472|
|Expenditure
on:|||||||
|Charitable
activities||||593,751|593,751|522,227|
|Total expenditure||||593,751|593,751|522,227|
|Net income||||469,653|469,653|519,245|
|Transfers
between|funds|10|(956)|956|||
|Net movement
in|funds||(956)|470,609|469,653|519,245|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||596,592|10,340,855|10,937,447|10,418,202|
|Net movement
in funds|||(956)|470,609|469,653|519,245|
|Total funds carried forward|||595,636|10,811,464|11,407,100|10,937,447|
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||FOR TH|E YEAR EN|DED 31 MARCH|2022|||
|---|---|---|---|---|---|---|
|||||Note|2022f|2021|
|Cash flows from operating|activities||||||
|Net cash generated
from operating
activities||||13|552,413|645,350|
|Cash flows from investing|activities||||||
|Purchase
oftangible
fixed assets|||||(377,899)|(396,707)|
|Interest received|||||54|231|
|Net cash used in investing|activities||||(377,845)|(396,476)|
|Cash flows from financing|activities||||||
|Repayments
of borrowing|||||(142,818)|(170,939)|
|Interest
paid|||||(43,718)|(48,698)|
|Net cash used in financing|activities||||(186,536)|(219,637)|
|Change
in cash and cash|equivalents
in|the year|||(11,968)|29,237|
|Cash and cash equivalents|at the beginning|of the year|||578,705|549,468|
|Cash and cash equivalents|at the end of|the year||14|566,737|578,705|
|The notes on pages 13to 26 form part ofthese financial|||statements||||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2021|
||||||F|
|Accommodation|provision|and related services|1,063,350|1,063,350|1,035,745|
|Total 2021|||1,035,745|1,035,745||
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|||||Grant||||
|---|---|---|---|---|---|---|---|
||||Direct|funding
of|Support|Total|Total|
||||costs|activities|costs|funds|funds|
||||2022|2022f|2022|2022|2021
E|
|Accommodation|provision|and||||||
|related services|||487,932|98,999|6,820|593,751|522,227|
|Total 2021|||419,149|96,065|7,013|522,227||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022f|2021
F|
|Rates and water||||38,898|35,081|
|Insurance||||12,613|9,796|
|Housing
rent paid||||25,764|9,035|
|Leasehold
service charges||||26,953|27,193|
|Repairs and renewals||||240,806|190,778|
|Administration
and housing||management|fees|65,261|65,275|
|Legal and professional|fees|||12,522|14,273|
|Depreciation||||21,397|19,020|
|Bank charges and interest||||1,747|1,631|
|Loan interest||||41,971|47,067|
|||||487,932|419,149|
|Analysis ofsupport|costs|||||
|||||Total|Total|
|||||funds|funds|
|||||2022f|2021
F|
|Auditors'
remuneration||||6,300|6,000|
|Auditors'
remuneration|for non audit work||||250|
|General expenses||||520|763|
|||||6,820|7,013|
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||Freehold|Long|Fixtures and||
|---|---|---|---|---|
||property|leasehold|fittings|Total|
||F|K||F|
|Cost or valuation|||||
|At 1 April 2021|10,712,556|1,423,303|22,119|12,157,978|
|Additions|358,657||19,242|377,899|
|At 31 March 2022|11,071,213|1,423,303|41,361|12,535,877|
|Depreciation|||||
|At 1 April 2021||183,723|10,105|193,828|
|Charge for the year||17,707|3,690|21,397|
|At 31 March 2022||201,430|13,795|215,225|
|Net book value|||||
|At 31 March 2022|11,071,213|1,221,873|27,566|12,320,652|
|At 31 March 2021|10,712,556|1,239,580|12,014|11,964,150|
##
|||2022|2021|
|---|---|---|---|
|||F|F|
|Trade debtors||7,266|9,441|
|Other debtors||1,615|6,804|
|Prepayments|and accrued income|61,717|46,289|
|||70,598|62,534|
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|Creditors: Amounts
|falling due within one year|||
|---|---|---|---|
|||2022|2021'|
||||F|
|Bank loans||113,021|140,972|
|Trade creditors||14,341|11,305|
|Other creditors||124,285|94,813|
|Accruals and deferred|income|17,751|24,496|
|||269,398|271,586|
##
|||2022f|2021
E|
|---|---|---|---|
|Bank loans||1,281,489|1,396,356|
|Included
within the above are amounts|falling due as follows:|||
|||2022|2021|
|||K|E|
|Between one and two years||||
|Bank loans||113,021|109,361|
|Between two and five years||||
|Bank loans||339,065|328,083|
|Over five years||||
|Bank loans||829,403|958,912|
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|Statement
offunds|
-current|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Transfers|31 March|
|||April 2021f|Income
E|Expenditure
K|in/out
E|2022|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Designated
funds||6,609,250|||478,627|7,087,877|
|Designated
funds -|donated||||||
|properties||3,721,605|||(8,018)|3,713,587|
|||10,330,855|||470,609|10,801,464|
|General funds|||||||
|General
fund||10,000|1,062,869|(593,216)|(469,653)|10,000|
|Total Unrestricted|funds|10,340,855|1,062,869|(593,216)|956|10,811,464|
|Restricted funds|||||||
|Charles Road||201,622|||(152)|201,470|
|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||5,359|||(804)|4,555|
|||596,592|||(956)|595,636|
|Total offunds||10,937,447|1,062,869|(593,216)||11,407,100|
##
|Statement offunds|- prior ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Transfers|31 March|
|||1 April 2020f|Income|Expenditure
E|in/out
E|2021
F|
|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,?49)|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|
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|Summary|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Transfers|31 March|
|||April 2021|Income|Expenditure|in/out|2022|
|Designated|funds|10,330,855|||470,609|10,801,464|
|General funds||10,000|1,062,869|(593,216)|(469,653)|10,000|
|Restricted|funds|596,592|||(956)|595,636|
|||10,937,447|1,062,869|(593,216)||11,407,100|
|Summary|offunds - prio|r year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Transfers|31 March|
|||1 April 2020|Income|Expenditure|in/out|2021|
||||E|E|f.|E|
|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|
##
|Analysis|of n|et assets between funds
-current|year|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2022
f.|2022
E|2022f|
|Tangible|fixed|assets|595,636|11,725,016|12,320,652|
|Current|assets|||637,085|637,085|
|Creditors|due|within one year||(269,148)|(269,148)|
|Creditors|due|in more than one year||(1,281,489)|(1,281,489)|
|Total|||595,636|10,811,464|11,407,100|
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||Analysis|of n|et ass|ets between|funds -|prior year|prior year||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Endowment||Restricted|Unrestricted|Total|
||||||||funds|funds|funds|funds|
||||||||2021|2021|2021|2021|
||||||||E|f.|E|E|
||Tangible|fixed|assets|||||596,592|11,367,558|11,964,150|
||Current|assets|||||33||641,206|641,239|
||Creditors|due|within|one year|||(33)||(271,553)|(271,586)|
||Creditors|due|in more than one year||||||(1,396,356)|(1,396,356)|
||Total|||||||596,592|10,340,855|10,937,447|
|13.|Reconciliation||ofnet movement||in funds|to net cash flow from operating|||activities||
||||||||||2022|2021|
||Net income for the year (as per Statement|||||of Financial|Activities)||469,653|519,245|
||Adjustments||for:||||||||
||Depreciation
charges||||||||21,397|19,020|
||Increase|in debtors|||||||(7,847)|(11,975)|
||Increase|in creditors|||||||25,546|70,593|
||Interest|received|||||||(54)|(231)|
||Interest|paid|||||||43,718|48,698|
||Net cash provided|||by operating|activities||||552,413|645,350|
|14.|Analysis|ofcash and cash equivalents|||||||||
||||||||||2022f|2021
E|
||Cash
in|hand|||||||566,737|578,705|
||Total cash and cash equivalents||||||||566,737|578,705|
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|||||At 1 April|At 1 April||At 31 March|
|---|---|---|---|---|---|---|---|
||||||2021|Cash flows
f|2022|
|Cash at bank and
in hand|||||578,705|(11,968)|566,737|
|Debt due within
1 year|||||(140,972)|27,951|(113,021)|
|Debt due after
1 year||||(1,396,356)||114,867|(1,281,489)|
||||||(958,623)|130,850|(827,773)|
|Capital commitments||||||||
|||||||2022|2021|
|||||||K|F|
|Contracted|for but not provided||in these financial|statements||||
|Development|of property||||||221,102|
|Operating
lease commitments||||||||
|At 31 March|2022 the|Company|had commitments|to make future|minimum|lease payments|under
non-|
|cancellable|operating|leases as follows:||||||
|||||||2022f|2021
E|
|Not later than
1 year||||||25,911|25,533|
|Later than
1|year and|not later than 5 years||||38,247|36,767|
|Later than 5|years|||||93,198|99,911|
|||||||157,356|162,211|
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