Charlty $trlOn numb•r 1037430 Company r¢gisb*ion numbeT 02919404 (England and Wales) ST ANNE'S HOSTEL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
ST ANNE'S HOSTEL LEGAL AND ADMINISTRATIVE INFORMATION Board Mr S W Morgan {ChaImn) MrJ S Martin Mr P S Hwman Ms P C Shepherd DrA Passmore Ms E A Milt Mr S Shama Ms Caroline Naven Mr Davxl lfjnnair Ms D Harris Socrotary Als ArNgnda TrapF*tt Charity numbèr 1037430 Company numbor 02919404 Reglstered offico 112 PAoseley Street Highgate &'rmingham West Midlands 612 ORY Independent examln•r Lumaneri Hryjse Blythe Gale Btythe Valley Pa Solihull West MKllands B90 8AH
ST ANNE'S HOSTEL CONTENTS Board Statement of 808rd res[•bIlitieS Independ8nt examinefs reFQrt Statement of finawal 8(aivit5 Balan(* sheet 9-10 Statement of (ash flcy 11 Notes to the fina81 Ststements 12-23
ST ANNE'S HOSTEL BOARD REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Board prèsent lf ann reKKyt and financaal stateMts for the year ended 31 Maro 2022. Th8 accounts have en wepared in acEor(Jance with the a(xxwnting Set out in note 1 to the accounts and comply with the charitys memofandum arnl of associalion. the Compan$ Aci 2006 and the Statement of Recommended Practice, "Accounting and ReportiTrJ by Charibes.. Iss1 in January 2019. Oblgctiv•s and activiti•s The objectives are the w)vision of accomrn(hlation the aty of &miryham &ngle IK•meless who are provided assistsnce in seeking resetllement in the comrrnjnty. Thg Board have paKI due rwJard to guidance issu&l ty the Chaiity Comm[sl in decidirMJ whal av$S tho charity should uThJertake. Rent Pollcy The corTrpany's OILY 15 to charge Trt at levels thal are affwdable and reflecl the quality of accomm¢)datlon. management and support provided. The princiWe of afftd8bIe rents is to encourage rèsidènts to find employment and escape from th& cJJliuT• of Stat8 nefits. To enable the company to achieve this, the nI levels at some of its asting and nèw properties which are used for mve-on accX)mM(xJan have been reduced or set at a lower levèl than those where intensive SUPFQrt is provide(l. These reduced fent levels have not affèct8d th9 qualty of the accommodation providgd. Long t•mi $to¢k maint¢nan¢e repair policy The company'5 X¢Y is to maintain its housiThJ sto( to th8 hKJhest Eible &aThJards. thereby enstJriThJ ty)th staff and resident safety. Each finarbci81 year a detsiled plan is drawn up. whlth is induded in the budgets, to OLrt Ihe work detsiled and thks is monitored by senior managem8nt to ensure all appropriaie repairs arè carriad General repairs are czrried wt on a day to day bas(s when ne•Jed. The mgnoger is responsible for ensuring that repairs are identffied and carrie(l out when needed the rf(ant of contraclors is o)nstantly viewed to ensure the company achieves value nM)ney. Reserves poli The Board have adopted the poly of ttting funds into a desiqnated resem arKI of using the Ilesignated reserve as required. The dlredors consider that the c4)mpany has suffiuent 8ssets to meet obl•3ations as they arise on d85ignale(l and general funds. The Dire¢lors are of the opinton that the for a designated reserve has diminished as a result of substsntial repairs and maintenance •xp8nditurB. The Company can. this year. r9t8aso the reserve to fund in year cydical maintenan¢e expenditure and also not top up the cyclKal maintenance reserve from general reseN&s. The level of and need for the deSwJnaL rpsgrve wll cDnlinue to be assessed gach sear. Achlevements and performan Sl Anne's continued to invest in its fa¢ilib"es durir¥J the year and has maintained the quality of its provision for sgrvice users at a time where funding is cA)nstrained. The most signffirant Trivestment to dale was made this year with the wrchase of Park Vièw llats and the development Stie, th the plans for the development site now agreed and the planning application undeway. Wthin the fK)Std buikying, 8no. flats have been provided with Èn-suitÈ bathrooms. an inTrtiative which wll be eXIdd IhroLMJhcxJt the hostel when the planned new-build is omplele.
ST ANNE'S HOSTEL BOARD REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Assessmont of how thg RP is achle¥lng valu• for monoy The Board recognises the importance of rtjnni Ihe charity in a bu&ngss4ikè way in order to maximtse tho resources available to invest in the seNces provided to r6sKlents who are at the centre of all that we do. We seek to do this by workiry together ryth like4nind8d SuplerS and C(1ractOrs. TW help us dèliv8r s8rvi¢s in a more cost-effective and efficient way by Irk[9 IxAkaboratsvely to offer jolr1 up solub.ons which are m innovative and better larget8d. By workir¥J tether aThJ sharir skius and experience. we can seek to achieve more. We )nstanY review our servus and opera1mS to erwre leve gre8tsr effi¢i8n(xes and ddiver value to cyjr residents. St Anne's Hostel has prepaiwj the grourbjwork to r&p(xt against an agreed set of measures for Value for Money. that wère required by Regulator for Sooal Housiry IRSHI. St Anne's Hostel can offgr trhe fdlowing inl(¥matiorTr for VFM metrics for the year end March 2022:_ 021122 020121 elnvostm•nt % Fixed Asset Ad<t as rcentage of total fixed assets 8t nd of th8 pèriod 87.7% uisitn of Park Vi 19.3% ew Supply {Social Housing Unlts Social units develoFd, wuired o easett iri-year as a percentage otal social units at the erxl of nod o [¥ swal hcyJsir¥J uni ivered in year. ew Suppty IHQn4¢Jclal Housln nits NoTrSocid units developed. a(¥ui leased in-year as a percentage o otsl siKial and rn-social units at nd of thè pèrr new Sla1 houwng uni ered in ypar. earin hort and long temi loans and lea blig811S less cash and ca uivalents as a pèr(8ntsgg an ible fixèd assets. 2.1% od85t boffowng to fun -148.2% ITDA MRI Int8r•st Covèr % rating surpluslldefiul) uS Gai lossl on disposal of fixed assets as ercentage of Capit3li5ed interest an Interest ble arHJ financin o)sts. 115.8% od8St borrowing to fv ark Vw aco)mm(xlatx)n.
ST ANNE'S HOSTEL BOARD REPORT (INCLUDING DIRECTORS. REI>ORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Headllne Soclal Housl Cost £ M3nagement ¢J)st for swi81 housi nd hostel accommodation are parately idenlthed. NIA anagemenl (x>st ft)r sing and mmodab.on rate identified. NIA no perating Margin (social h$1 ettin s}% urplus attributab to wial hwsi ol separately ident'fied. NIA urplus atlributable to socia siThJ separatel dentÈW. NIA peratlng Mwgln {0ra11) % 4).1% light recx)very post covi ndemi 10.7% eturn on Capital Employed % light retxwgry covi rKtemK. 24.0% Flnanclal review The rw3uAs for the year a defrit of£993 (2021 sUS of- £87.8271. Plans for fLrture pgri¢)d Thè eh8rity (x)Mplet the purthase of the adjacent devek)pment ptot and the 18no. flats in Park View earfier this year. The proposals lor construction on the develOpmt plot a now agreed and the preparation of the planning applicatson is underway. with a submission rAanned wdl before the end of 2022. The purchase of Park View wotects LLS from risng lease u)sts, and the planned deveknpment wll signffi(3ndy enhance the hostel's ac¢(KnnKlalKx) aThY fal¥ieS. all ofwhKh will effl fvsdents. Structure. governance and ManaM•t The company ts limitad by guaranteé 8stablishe(l under the Companies Acl and a RegÉstergd Social Housfjng Provider under the Housing and Regeneration Act 2008. The Board. are also the directors for the pury%)se ofojnparry law, and seryed during the yèar wgra.. Mr S W Morgan {Chaiman) Mr J S Marbn Mr P S Higman Ms P C Shepher(I DrA Passmore Ms E A Millèt Mr S Sh8m18 Ms Catoline Naven Mr David Kinnair Ms D H8rrps The Board arè apw)inted in wth the artK of assocaatM. Non8 of th8 Board has any tficIal irrterest in the npany. Al of Ihe Board are mgmirs of the o)mpany and guarantge to (xMtrilte £1 in the event of a V•indirMJ up.
ST ANNE'S HOSTEL BOARD REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Promotlng th• success of the company The Board consider that the current risk str*egy and assessment arrangements aro 5uffiwnt to address the maj¢y risks to which the company is exp)sed. but they are c#Jrrenlly beiro vie¥d. The 808r(I report was approved by the chairm ofthe Board. Mr S W Morgan 18 Oclober2022
ST ANNE'S HOSTEL STATEMENT OF BOARD RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2022 The BoariS. who are also the dirett$ of St Anr's Hostel f¢x thg wrpose of o)mpany law, are responsible for preparing the Board ReF¥)rt and the )Inancial statements in a0))rdan with aFplicable law and United Kingdom Accx)unting Stsnd8rds Iunrtwj Kingdom GgneraNyAcc8Pt8d Ao)xJntiro PractKe). Company Law reqUIS the Board to prepare finarrial statemenls for each financial year whi( give 8 true and fair view of the state of affai15 of the (arity and of the infxKniThJ res(Kw and application of resour. induding the income and èxpenditure, of the charitable conpany forthat year. In preparing these finanrAal ststeThwts. the B08rf are required to.. - select suitable ac¢xxJnling and Ihen Irm consthnty. - observe the methods and prirriplès fft the Charities SORP: . mak8 judggmwts 8nd estimates that are reason18 aTrJ wudent.. - prepare the finan(yal ststerTEnts the baw"s unless tt i% inappropriate lo presume that the charity will ¢ontinu$ in oparation. The Board are responsible for keeping adequate acwjnting reo)rds that di5Ctose WTih TOn*>[e accuracy al any time the financial position of the tharity and enae them to ensure that the finanual statements comply with the Companies Act 2006. They are responsible for safeguarding the assets of the chartty 8rKJ hence for tsking reasonable steps fr)r the prevention and detection of fraud and other IrregularitS.
ST ANNE'S HOSTEL INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF ST ANNE'S HOSTEL I report to the Board on my oxamlnatim of Ihe finanual statemenls of St Anne's Hostel (the chantyl for the year eIed 31 M8r¢h 2022. R•sponsibilitles an(f basis of rwort As th8 Bo8r(l of the chanty land also ts OIrect for the wIrFeS of o)mpany Lawl you are responsible for th8 preparation of the financial statements in a¢(x)rfance with the requirerrwts of the Compani8s A(1 2006 (the 2006 Having satSsfied myself that the finanoaal statements of thè charlty are not required to be audtted under Part 16 01 the 2006 Act and are eligible for indepeThlent examinatKn. I report in respect of my examination of the financsal statennts carried out under section 145 of the Charttiès Act 2011 (the 2011 Ail. In carrying out my examination I have followed all the applb DirBcaKX)8 gven by the Charity Commiwon uTrJer section 14515llb} of the 2011 Act. Independent examlnevs sLthm•nt Since the ¢h8rity's gross income exceeded £2.(XX) your ex8M1r be a member of a body listed in section 145 of the 2011 ACL I confirn) that l am qualffied to undertake the examin8tKM be(ause l am a mèmber of Asswatioft of Chartered certif Accountsnts. whth is one of listed bcJies. I have c(wnpl8te(I my examinat)n. l (onfimi that no matters have come to my alien1n in nndIon wlth the examination giviThJ me cause to bèli• th in any rnaterial specL accountiro records were not in res of the charity as required by sgcjion 386 of the 2(M)6 Act" or the financial statements do not a(xord 7fftAlh those rOrdS. or the financial statements do nol Mpty wth the ac0nting requiremwts of secbon 396 of th& 2006 A(a other than any rèquir8mènt that the arA)nts give a true and far vow whi¢ is not a matter c¥Jns*lered as part of an Independent examination,. or the fin8n¢ial statements have not been ppared in aoMdance wilh methods and prinoples of the statement of Recommetyled Pra¢b"¢e ts accounting roporling by charities applicable to charities paring their accounts in a>xrdance vmh the Financbal RertIng Standard applicable in UK an(1 Republ of Ireland IFRS 121. I havg no cL)remS arhj have come across no otlw Fnattw5 in oJnngAh)n wilh the examination to which attention should be drawn in this reFQrt in order to enable a er uTrJoTslatMling the finarKi81 stat8m8nts lo be reached. Jerroms Mr Richard Alan Horton Chartered Certifled Accountants Lumaneri House Blyihe Gate Blythe Valley Park SolihLtII Wesl Midlands 890 8AH Dated: 18 Octoter 22
ST ANNE'S HOSTEL STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Total Unrestrtced Restricted funds fijnds 2021 2021 Totsl fijnds 2022 2022 2021 Notes Income and endowments from: Donations and legac4es Charitable activities Other income 16.820 651.550 1.382 103.446 120.266 651.550 18.818 695.701 106.526 125.342 695,701 1,635 Total Income 669.752 103.446 773.198 716.152 106.526 822,678 Ex endltur8 on: Charitable actlvltl•s 689,166 774.191 667,585 67,266 734,851 Net lexpgndlturovlneomo for the yearl Net movgment in fund (19.414) 18.421 (993) 48.567 39.280 87,827 Fund ba18nce8 at 1 April 2021 223.989 142.587 366.576 175.422 103.327 278,749 Fund balances at 31 klar¢h 2022 204.575 161.(K>8 365.583 223,989 142,587 366,576 The statement of financial SnckKles an gains aThJ losses rwnisod in year. All income arKI expenditure derive frrmn (ntinuing ts¥[be* The statsment of financral actiwtres also with the requirements for an in¢)e and exFendilure a(uunt under the Compani8s Act 21Th.
ST ANNE'S HOSTEL SUMMARY INCOME AND EVENDITuREAc¢ouNT FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Gross income Tf3.198 822.678 Totsl expendtture frcffn income funds 4191 734.851 N•t {•xpendltureVlnc<Kne for the yw (993) 87,827
ST ANNE'S HOSTEL BALANCE SHEET AS AT31 MARCH 2022 2022 2021 Flxed assets Tangible assets Grants 1.552.495 (1.125.964) 224,882 1150.2731 10 426.531 74.609 Currènt assots Debtors Cash at bank 8fKI in hand 11 39,702 208.242 27,334 333,179 247.944 360.513 Credltors: amounts falllng due T*lthln one year 13 {88.531) (68,5461 Net current assets 159.413 291,967 Total assèts k$s eurr•nt liabililios 366,576 Credltors: amounts falllng due after more than one year 14 1220.361) t a$$•ts 365.583 366.576 Ineom• funds RÉstri¢ted funds nrèstricted DeSnatert funds General unrestriG#ed fvrKIs 15 161.(K)8 142,587 16 14.044 190.531 16.445 207,544 204.575 223,989 365.583 366,576
ST ANNE'S HOSTEL BALANCE SHEET (CONTINUED) ASAT31 MARCH2022 Thg company is ented to the exempti¢)n from the aLMlit requIrerrt conlaSned Sn sth 4T7 of the Companies Act 2006. for the year erwJ8d 31 Marth 2022. The Board acknowledge their reswmsibilibes for enriTh) that the tharity keeps accounting records which comply th section 386 of the Act and for pparrj finanoal stalements whKh gNe a true and fair view of the stsle of affairs of the company as at the erKI of the )Inarrial year and of its incoming resour and applicalion of resources, including its income and eXnditUre. for the finanaal year in a([dan the requirements of sections 394 and 395 and which other4ise comply with the requirèmènts of the Corroanies Act 2(MA relatirvJ to finanu31 statsments, so far a3 apF4icabk to the company. The members have not required (xjmpany to obtain an audit of its finaffta81 statements for the year in questiori in a¢cordan¢8 with s8ction 476. These finanaal statements have treen prepw&J in accordan( vth the applicab to companigs subject to the sfftall companies regime. The finan ts were approved by Ih8 B(rd on 18 October 2022 hAr S W Morgan Trnsts• Campany regl$tratlon number 02919404 10-
ST ANNE'S HOSTEL STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from opèratlng actlvltl8s Cash {8bsorbed byllgenerated from operations 21 18.741) 101,665 Investlng actlvltl•s Purchase oftsngible fixed assets Grants rèceiv8d 11.362.238) 1.004.812 143,4801 22.528 Nat eash us•d In Inv•stlng a¢tlvl 1357.426) 120.9521 Flnaneing #cti¥iti#s Proceeds of new bank loans Repayment of bank klS 250,000 {8.770) Net cash gon¥rated froml(used In) rinancing actlvitles 241.230 Net Idecreaseyincrease In cash and cash oqulvalents 1124,9371 80.713 Cash and cash equiValS at beginniThJ of year 333,179 252.466 Cash and cash ffjufval•nts at ènd of ygar 208.242 333,179 11
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollclas Charlty Infomiatlon St Anne's Hostel is a pnvat& company limit$ by guarantee Trncorporatod in England and Walgs. Thè registered offi(¥ is 112 Moseley Slreet. HIgJale. Birnyngham. West MKtlaThJs. B12 ORY. 1.1 Accourting convention The assoryation is a registered charity, a company limited by guarantee ar a Registered SoTr81 Housing Provider under the Housing arml Regeneration Act 2(K18. The financral statements have been prepared in accordance with FRS 102 The Finanual RepM)rting Standard applicablg in the UK and 'Republi¢ of Ireland rFRS 102.1, The Statement of Recommended Praclice: Acc(MJntiThJ by Register &Kial Housing Providers (Update 2018) and with Ihe Accounling ReqiAt fLY Regi5ter&J s1 LaTrJlords General Deterniination 2019. The accounts are prepared in sterfing. which the fijncticfflal cuTherw of the charity. mcetary amounts in these financial slatemenls are rounded to the nearest £. The a(uunts have been prepared under the histor81 oxst u)nvenkn. The prinrAp81 acixxjnting 1cleS adopted are set below. 1.2 Golng concern The Board have wewed the cash F4)%lk)n and f(xecasts and believe they have sufficient reserves to continue tradlrKJ for the fores8eaMe fUre. 1.3 Charitable funds Unrestricted fuTrJs are availabl8 for disuelion of the Board in fvrtherance of their charitable c4)jecbves. Restric1 reserves are those reserves lch are onty expend8bfe in a(rdar th the wi%hes of the fijnder or regulatory tmxty. Rèstitted Wrves indude fvnds taised in response lo a spoafic appeal. Expendllure (annot Ix dir• Set ajainst restricted reserv but is tsken thF(wgh tho in(x)me and expenditure acojunt. A transfer from restrided reserves is then m&Je as appropriats. Endowment fijnds are suect lo wafiG c£ndrtrts by dorKYTS that the capital must be maintaNied by the tharity. 1.4 Incom• Incom8 is recognisad when the thartty is legalty errtiw to IE after any F[OMianc8 0)ndonS have b8gn meL the amounts be measur&Y reliably. and it is probBble that Inc$ wtll be red. Cash donabons are recognised on rg¢9iPt Ollw tIonS are TecoJnis&J once the charity has been Th)tifi8d of th6 donab"on, unless prformanCe condFbons Tequire def8ffal of ths amount Housing benefil over paymenls hav8 boen ¢Jeferred to the next year vthen these over payments will be settled against othèr daims. Tumover represents rentsl and service dHrges re(w8Lle the year rt of rent 8nd service charges losses from voids aThJ revenuè 9rants. 12-
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Aeeountlng poli¢6os (Continued) 1.5 EXndItUre Expèndrture is recj1$eo ty1 there r3 a legal or construcbve oblvJatw)n to transfer eo)Th)mic benefft to a third p8ty. it is probable that a transfer of ec0M benefits will be required in settlement. and the amount of the ob¢igalion can be Mur8d rellay. Expenditure is classifjed by activity. The o)sts of each actiwty we made up of the total of diwt costs and shared costs, induding SUPPOrt costs invow irs undertaking each 3thity. Direct costs attributable to a single 8Clivrty are allo(xted directy to that acbvity. Shared fj(ts whith o)nlribute to more than one actiwty and support costs which are not aitributable to a single actiwty are apporti10d between those activities on a basis conStent wtM the use of resources. Central staff (x)sts are allocated on the basts of time spenL and deprallOn charges are alktateAI on the ofthe asseys use. l èxpondilures are Counted for on the accruals bass. In parlioyjlar, the costs of charitable activities repr&8enls all costs of the charity eXd11n9 appoint to g0vemae costs. Wher8 costs cannot be direcrfy attributed to particular hsadings they have been a1kX2tI lo activittes on a basis cx)nsistent with use of the resources. 1.6 Tanglblg fixgd ass•ts Depreuation is recognised so as to write off the o)st or valuation of assets less their reshlual values over their useful lives on th8 followng bases: Fre8hdd propety Leasehold property Leasehdd improvements Fixtures, fitlings & equipKnent 40 years straighl line 15- 30 years siraight ling I0 years slraKJht ling 10- 25 years strawjht lin$ The 98in or loss ariSg on the disposal crf an asset is dèterrTh"neLI as the differen between the sale pr¢xeeds and the carying value of the ass8( oThJ re(xyJni8e¢J in the ststement offman(ial aCtive5. 1.7 Impaimiont of fixed ass•ts At each porting end date. the thanty reviews the canwng amounts of its tsngible assets to determine whether there is any indication that those assets have suffered an impaimient lo&%. If any such indication exists, the recoverable amount of th8 a55et is estirnated in order to deleimine the extent of the impainnenl loss Irf anyl- 1.8 Cash and cash equivalents Cash 8fKt cash equivalents indude (2sh In hand. deposits held at 1[ with b8nks. other short-lemi liquid investsnents original maturiti85 of three months or $. ¢j b8nk overdrdfts. Bank overdrafts ar8 shown thin borr(w4ings in rrent liabiliw. 1.9 Financial instruments The ¢h8rity has electgy to apply the promsions of 11 'Basic Financial InstruThwts' and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its finanoal inslTum8nts. Financial instruments are recojnised in the cfwty's balar sheet the ¢*arity be(x)me$ party to the conlTactual provisions of the instrumènt Finanal assets arKI lbilI11eS are offseL wlth the net annts presented the finanoal statements. when there is a legalty enforceable rwJht to set (iff the recctyJnised amounts and there is an intention to setde on 8 net basis 01 to r88lise the asset and setde the liabilty gmultaneously. 13-
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2022 Accounting policies (Continued) kyasic ffnancial assets Basic finanaal assets, indude debtors aTrJ cash and bank baLances. are inilialty measur5 al transaction pre indudirKJ Iransactk)n o)sts a1 a subsequenljy at amortised using the effective inleresl method unless the arrdngement constitutes a financing transaction, where the trartsactson is measured at the present value of the fubjre rece¢pts discounted at a market rate of interest. Finawal assets classthed as re¢eiv8ble within one year a not amortised. k8asic finanal liabilities Basic finanrial liabslitie5, indLKling uoditots and bank k)3ns 3rn inilialty rncryJnis8d at transacth)n pri¢x unless the arrangernent constitLrtes a financing transaction. where the debt instrument is measured al the psent value of the futur& paymants discounled at a markgt rate of bntar8sL Finala1 h'abilities dassified as payabbe within one year are not amortised. Trade creditors are obligation5 to pay for gocds or services that have teen acquired in the ordinary cx)urse of operations from supplièrs. Amounts payablè ar8 dassified as ¢urrent liabileS rf payment is due wthin one year or less. If not. they are preserrte(l as llofpcurrent liabilit. Trade credttors ats recognised initially at transactton price and subsequently measjjred at amorbsed cost ng the effective interest fftethod. Derncognition of financial liaknlities Financial liabilstses are ern)Sed t1rtn the thari$ ccffitracJal obJaIl0$ expire or are dischty or ancelled. 1.10 Employtt b•n•fits The st of any USed hdKJay enbuemwt is rp(vJnised in th8 in whiL th& empk)yg9'S SoNiGg$ aro received. TerminalK)n beneffts are renISed immedi81ety as an expense vknen tho ¢*arity is demonstrabty committ to terminate the empbyment of an employee or to wowde terminalion beneffts. 1.11 Retlrement beneffts Payments to defined contributw)n Tetirement benefft schemes are charggj as an expense as they fall due. 1.12 Grants lor capltal expendltsre Grants received as a contribution towdrds the capital costs of a sthem& aro shown in the fixed asset notes. Where prop8rti8s are Iuded ai hi5tori(xl cost the totsl grdnt recwvable 15 deduitsl from Ihe cost of Sing properties. 14-
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donatlons and l•ga¢ies Unrestricted funds Total Unrnstrthd Restricted fiJThJs Total 2022 2022 2021 2021 2021 Donations and gffts sUprt st8ff salary- donations 16.820 19266 18.816 13.735 32,551 101.C(X) 101,( 92.791 92,791 16.820 103.446 120,266 18.816 I[,526 125,342 15-
cuo IIPEjj- IIIEII"
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Unrethded Unrestricted fvnds funds 2022 2021 Other income 1.382 1,635 Charltablg actlvltSè8 2022 2021 Staff costs Loan interest Rent and rates Insurance Light and heal General repairs and maint8nar Cyclical mainlenance Equipment maintenance Motor and travel expenses General amin expenses Housing costs Training and recnjitment Fundraising and publidty sumables Rdease of grant incc# Depreciation Bad debis Othèr charitatA8 expendilu 513,596 3,896 57,266 12,008 26,445 17,546 2,401 13,531 147 12,071 13,852 5,005 14,801 28,901 129,1211 34,625 26.909 20.312 489.541 69,736 9.320 29,575 17,045 10,023 12.000 505 11,725 10,095 2,143 13,638 22,496 {14,3051 20.960 20.696 774.191 734.851 774.191 734.851 Analy$is by fund Unrestricted funds Restn"d8d fiJnd$ 689.166 85,025 667,585 67,266 7T4,191 734,851 Other charitable exASe$ indth rewnuneratKffi paMI for an iWrnlenl examiner of £3.100 12021 - £2.7001. 17-
ST ANNE'S HOSTEL NOTES TO THE FINANCEAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Board No rTN8mber olthe Board were in receipt of ex195 (x remuneration thrir¥J the year. The average monthty numbgr of arn durir¥J the year was: 2022 Numb X121 Number Direct th8ritab18 aGbvit Administration 19 21 Total 24 Employmènt costs 2022 2021 Wages 8nd salarfes Sooal security costs Other pension costs 467.800 35.259 10.537 445,820 30.977 12,744 513.596 489,541 There were m empwes whose annual MuneratiOn %Yds than £60.(KKJ. The rMpar tos thorilabje st8tu$ an(J liability to taxalion ar1 from Èts &kn118s. 18-
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Tanglbl• flxed assets oqulpmit C¢8t At 1 April 2021 A(Iditions Transfer from leasehobj 9.884 3(hl,484 230,450 159.234 20,295 134.794) 544.818 1.362.236 1,182,707 34,794 Al 31 March 2022 1.217.S)1 428.924 250,745 1,907,054 Deprgciation and Impalrmont At l April 2021 Depre¢iab"on charged in year Transfer from leasehold 5,171 172.800 20.194 15.3601 141.963 14.233 319,934 34,625 At 31 March 2022 5.369 187,634 156.196 354.559 Carrylng am¢unt At 31 March 2022 1.212.141 4,515 241,29) 94.549 1,S52,495 At 31 March 2021 4.713 131.683 224,882 10 Grants and donatlons Cost At 1 A[1 2021 Additions Released {150.2731 11.004.812> 29,121 Al 31 March 2022 {1.125.964) Carying amount At 31 March 2022 (1,125,964) At 31 March 2021 1150.2731 19-
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Dobtors 2022 2021 Amounts falling duè within on• y•ar. Trade debtors Prepayments and accrued irK 30.237 9.465 17.119 10,215 39.702 27.334 12 Loans and ovordrafts 2022 2021 Bank loar 241.230 P¥yable wrthin year Payable after one year 220.361 On 21 October 221, a fixed tharge ov8r the freehok1 prr4)erty was regislw•d The Charity Bar*. 13 Cr•dltors: amounts falling du• wlthin one yur 2022 2021 Bank108ns Other taxalion aThJ Soci 5Jrity Trade uedilors 12 20.869 9.954 6.406 43.363 7,939 8,299 14.361 31,112 14.774 Accwals and deferrsd income 88.531 68.546 14 Cr•drtin: amounts falling due aft•r more than on• year 2022 2021 Bank loans 12 220.361
rffOX•O 1000 LTJ r O oro ON¢ (4 * c 88 IN 0 ¢71 %%w <¥00 o¢y f CL>_ C(J u fJQ)L>rLS<to
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 1)eslgnat•d funds The income fvnds of the ehartty In¢KJe the foltowng dwnated fvnds wtmch have been set ashle out of unrestricted funds by the trustees for swific PurFms.' 31 MarGh 20 CydScal mant9nanc 39.647 (2322> 16.445 12.401) 14.044 39.647 {232021 16.445 {2,401) 14.044 The Designated Funds brwhl forvArd raw to al•lts set asJe to cover tIcal maintgnan¢g expendire th8 fure and tOW8rds ¢xBts aSslated with (xxjnting to provKI1 half ix)ard for idents. 17 Analysis of n•t assets bth¥ÈÈn fvnds Total 2021 2022 2022 2021 Fund balances at 31 March 2022 ar& presented by". Tangible assets Inveslrnents Current assetsllliabiSit) Long tsm liabiliiies 1,552,495 11.125,964) 159,413 1381.369) 1.552.495 224,882 11.125,9641 (150.273) 159.413 149.380 (220.3611 224,882 {150.273) 291.967 142,587 161.008 204.575 t61.(X)8 365.583 223.989 142.587 366,576 18 0rnn9 l•as¢ ctynThiknents At the reporting end date the tharity had outstanoing commthnonts kn ftjlure minimum thse payrrEnts under n-cance118ble operating leases. which fall due as foll¢yw5: 2021 Wlthln ong ye8r Belween two and five yea 50.OIKJ 50,000 100,000 19 Capltsl commllm¢nts The company has no (apital ojmmitrnent as at 31 Marth 2022 ia)21£01
ST ANNE'S HOSTEL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ZO Related party transactlon8 There were no disd05ab relabj party traCkn duriNJ th& year (2021- rb)nel. 21 Cash generated from operations 2022 2021 (Defiutysurpus for the year 19931 87.827 Adjustrnents for. Grants rdeased Depreaation and impayment of tangibl8 ffixgd assets 129.1211 34.625 114,3051 20,959 Movements in working capilal". Ilncyeasel in debtor5 (Decreaseyincrease in cTrJitors 112.3681 {884} 112,0321 19,216 Cash labsort>gd bYVgw8r from *)porallons 18.741) 101,665 Anatysls of changes In net debt At 1 Aprfl 2021 ¢a5h IlowsAt 31 March 2022 Cash at bank and in harKI 333.179 {124.9371 208,242 Loans faIng due within one year Loans faIng due after rrm Ihan one y 120.8691 {220.3811 120,869) 1220.361) 333,179 {366,167) 132,988)