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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers||
|Trustees'
Report||||2-12|
|Independent
Auditors'|Report|on the Financial Statements||13-17|
|Statement of Financial|Activities|||18|
|Balance Sheet||||19-20|
|Statement ofCash Flows||||21|
|Notes to the Financial|Statements|||22-41|
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|Trustees|||R Millett (resigned|R Millett (resigned|28|April|2021)||
|---|---|---|---|---|---|---|---|---|
||||G Bratby||||||
||||J Allen||||||
||||R Hall||||||
||||R Hubbard||||||
||||J Wilkinson||||||
||||SJones||||||
||||H Spencer||||||
||||SCzabaniuk||||||
||||C Fielder-Shatell||(appointed||24 December 2021)||
|Company|registered||||||||
|number|||02908711||||||
|Charity registered|||||||||
|number|||1046933||||||
|Registered||office|22 Market|Place|||||
||||Gains
borough||||||
||||Lincolns hire||||||
||||DN21 2BZ||||||
|Company|secretary||L Whitelam||||||
|Chief executive officer|||H Walton||||||
|Independent||auditors|Streets Audit LLP||||||
||||Chartered|accountants||and|statutory|auditor|
||||Tower House||||||
||||Lucy Tower Street||||||
||||Lincoln||||||
||||LN1 1XW||||||
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|throughout
the|year. Be|low are some|ofthe headlines|:||
|---|---|---|---|---|---|
|Performance|indicator||Target|2020/21|2021/22|
|Rents Receivable|||85'/o|87'/o|83.5'/o|
|Rooms available
for let|||99'/o|97'/o|99'/o|
|Bad debt write|offs as a '/trent
debt||2'/o|0.22'/o|0.45'/o|
|'/o of planned|move-on|from service|90'/o|98o/o|95'/o|
|Total number|of Clients|in Employment30'/o||N/A|40'/o|
|Total number|of Clients|in Training|40'/o|N/A|41'/|
|and Education||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022|2022|2022f|2021|
|Income from:|||||||
|Donations
and legacies|||39,696|5,750|45,446|580,134|
|Charitable
activities|||751,895||751,895|'/,006,838|
|Investments|||148,231||148,231|134,099|
|Total income|||939,822|5,750|945,572|1,721,071|
|Expenditure
on:|||||||
|Charitable
activities|||844,774|6,467|851,241|1,034,876|
|Total expenditure|||844,774|6,467|851,241|1,034,876|
|Net income/(expenditure)|||95,048|(717)|94,331|686,195|
|Transfers
between|funds|17|97,876|(97,876)|||
|Net movement
in|funds before other||||||
|recognised
gains/(losses)|||192,924|(98,593)|94,331|686,195|
|Other recognised|gains/(losses):||||||
|Losses on revaluation
offixed assets|||(27,471)||(27,471)|(282,537)|
|Net movement
in|funds||165,453|(98,593)|66,860|403,658|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||2,110,404|101,876|2,212,280|'/,808,622|
|Net movement
in funds|||165,453|(98,593)|66,860|403,658|
|Total funds carried forward|||2,275,857|3,283|2,279,140|2,212,280|
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||Note|2022f|2021|
|---|---|---|---|
|Charity funds||||
|Restricted funds|17|3,283|101,876|
|Unrestricted
funds|17|2,275,857|2,110,404|
|Total funds||2,279,140|2,212,280|
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|||||2022|2021|
|---|---|---|---|---|---|
|Cash flows from operating||activities||||
|Net cash used
in operating|activities|||98,075|338,192|
|Cash flows from investing||activities||||
|Dividends,
interests
and rents from investments||||148,231|134,099|
|Purchase oftangible
fixed assets||||(216,230)|(669,776)|
|Net cash used in investing||activities||(67,999)|(535,677)|
|Cash flows from financing||activities||||
|Cash inflows from new borrowing|||||994,409|
|Repayments
of borrowing||||(111,529)|(93,015)|
|Net cash (used in)/provided||by financing|activities|(111,529)|901,394|
|Change
in cash and cash||equivalents
in|the year|(81,453)|703,909|
|Cash and cash equivalents||at the beginning|ofthe year|1,117,304|413,395|
|Cash and cash equivalents||at the end of|the year|1,035,851|1,117,304|
|The notes on pages 22 to 41 form part ofthese financial statements||||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022f|2022|2021|
|Donations||5,432||5,432|9,556|
|Grants||34,070|5,750|39,820|539,909|
|Government|grants|194||194|30,669|
|Total 2022||39,696|5,750|45,446|580,134|
|Total 2021||40,225|539,909|580,134||
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||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2022f|2022|2021|
|Income|from|charitable|activities|-|Housing|Support|751,895|751,895|1,006,838|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022|2021|
|Rents received from NHS||127,006|127,006|112,847|
|Telephone|mast income|21,111|21,111|21,111|
|Deposit account interest||114|114|141|
|Total 2022||148,231|148,231|134,099|
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022f|2022|2021|
|Housing
Support|577,912|6,467|584,379|837,635|
|General Needs||||183,110|
|Corporate Overheads|266,862||266,862|14,131|
|Total 2022|844,774|6,467|851,241|1,034,876|
|Total 2021|1,009,117|25,759|1,034,876||
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||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2022|2022f|2022|2021|
|Housing
Support|534,515|49,864|584,379|837,635|
|General Needs||||183,110|
|Corporate Overheads|222,935|43,927|266,862|14,131|
|Total 2022|757,450|93,791|851,241|'l,034,876|
|Total 2021|761,729|273, '/47|1,034,876||
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|||Housing|General|Corporate|Total|Total|
|---|---|---|---|---|---|---|
|||Support|Needs|Overheads|funds|funds|
|||2022|2022|2022f|2022|2021|
|Staff costs||255,457||156,249|411,706|361,989|
|Depreciation||42,525||16,412|58,937|53,076|
|Rent, rates|and water|91,448||7,672|99,120|113,201|
|Insurance||3,291||8,835|12,126|11,445|
|Light and heat||42,999||7,121|50,120|49,782|
|Telephone||||||2,272|
|Property Repairs||50,408||4,496|54,904|101,317|
|Household|and Cleaning|19,040||3,473|22,513|22,534|
|TV Licences||4,105||54|4,159|4,665|
|Client Broadband||||||1,081|
|Bad debt write off||3,327|||3,327|4,006|
|Professional|fees|581|||581|326|
|Mortgage
Interest||21,334||18,623|39,957|36,035|
|Total 2022||534,515||222,935|757,450|761,729|
|Total 2021||637,463|115,475|8,791|761,729||
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||Housing|General|Corporate|Total|Total|
|---|---|---|---|---|---|
||Support|Needs|Overheads|funds|funds|
||2022|2022|2022f|2022|2021|
|Staff costs|||||176,678|
|Telephone|4,455||3,620|8,075|10,116|
|Household
and Cleaning|524|||524|731|
|Client Broadband|8,388|||8,388|3,343|
|Sundry expenses|1,284||1,247|2,531|6,693|
|Employee costs|4,016||3,108|7,124|4,557|
|Computer costs|8,439||18,684|27,123|26,211|
|Bank charges|280||481|761|958|
|Auditors'
remuneration|||7,800|7,800|7,800|
|Professional
fees|8,326||8,887|17,213|32,362|
|Travel costs|4,063||100|4,163|2,087|
|Donations
made|10,089|||10,089|1,611|
|Total 2022|49,864||43,927|93,791|273,147|
|Total 2021|200,172|67,635|5,340|273,147||
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||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Fees|payable|to|the|company's|auditor|for|the|audit|ofthe|company's|||
|annual|accounts||||||||||6,000|7,950|
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Wages and|salaries|||376,495|498,998|
|Social security costs||||25,248|27,175|
|Contribution|to defined|contribution|pension schemes|9,963|12,494|
|||||411,706|538,667|
|||2022|2021|
|---|---|---|---|
|||No.|No.|
|Total|staff|20|18|
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||Freehold|Fixtures and|Computer||
|---|---|---|---|---|
||property|fittings|equipment|Total|
||F||||
|Cost or valuation|||||
|At 1 April 2021|2,809,374|64,405|10,209|2,883,988|
|Additions|216,230|||216,230|
|Impairment
ofassets|(27,471)|||(27,471)|
|At 31 March 2022|2,998,133|64,405|10,209|3,072,747|
|Depreciation|||||
|At 1 April 2021|6,666|63,427|10,209|80,302|
|Charge for the year|58,151|786||58,937|
|At 31 March 2022|64,817|64,213|10,209|139,239|
|Net book value|||||
|At 31 March 2022|2,933,316|192||2,933,508|
|At 31March 2021|2,802,708|978||2,803,686|
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|||2022|2021|
|---|---|---|---|
|Cost||3,647,548|3,431,318|
|Accumulated|Depreciation|(545,485)|(474,951)|
|||3,102,063|2,956,367|
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||Long term|
|---|---|
||leasehold|
||investment|
||property|
||F|
|Valuation||
|At 1 April 2021|941,380|
|At 31 March 2022|941,380|
##
|||2022|2021|
|---|---|---|---|
|Due within one year||||
|Trade debtors||62,755|58,752|
|Prepayments|and accrued income|11,670|10,082|
|||74,425|68,834|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|Bank loans||||||210,119|87,374|
|Trade creditors||||||21,420|18,146|
|Other creditors||||||5,683|7,219|
|Accruals|and deferred|||income||199,446|100,603|
|||||||436,668|213,342|
|||||||2022|2021|
|Deferred|income at||1 April 2021|||68,460|56,226|
|Resources deferred|||during the year|||110,738|68,460|
|Amounts|released|from previous|||periods|(68,460)|(56,226)|
|||||||110,738|68,460|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2021|Income|Expenditure|in/out
f|(Losses)|2022|
|Unrestricted|||||||
|funds|||||||
|Free Reserves|958,284|939,822|(785,827)|(231,835)||880,444|
|Investment|||||||
|Property|941,380|||||941,380|
|Property|||||||
|Reserve|2,802,708||(58,151)|216,230|(27,471)|2,933,316|
|Loan Reserve|(2,592,956)|||113,481||(2,479,475)|
|Fixed Asset|||||||
|Reserve|988||(796)|||192|
||2,110,404|939,822|(844,774)|97,876|(27,471)|2,275,857|
|Restricted|||||||
|funds|||||||
|SIBGrant|97,876|||(97,876)|||
|WLDC Artwork|4,000|2,500|(4,406)|(2,094)|||
|Alley Cats|||||||
|Funding||3,250|(2,061)|2,094||3,283|
||101,876|5,750|(6,467)|(97,876)||3,283|
|Total offunds|2,212,280|945,572|(851,241)||(27,471)|2,279,140|
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|Statement offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gainsi|31March|
||1April 2020|Income|Expenditure|inlout|(Losses)|2021|
|Unrestricted|||||||
|funds|||||||
|Free Reserves|91T,036|938,259|(T78,145)|822,514||1,899,664|
|Investment|||||||
|Property|'l'l3,576|242,903|(177,857)|(178,622)|||
|Property|||||||
|Reserve|2,467,707||(52,237)|669,775|(282,537)|2,802,708|
|Loan Reserve|(1,691,563)|||(901,393)||(2,592,956)|
|Fixed Asset|||||||
|Reserve|1,866||(878)|||988|
||1,808,622|1,181,162|(1,009,117)|412,274|(282,537)|2,110,404|
|Restricted|||||||
|funds|||||||
|Lloyds|||||||
|foundation||21,109|(21,109)||||
|Homes England||360,000||(360,000)|||
|SIBGrant||150,000||(52,124)||97,876|
|Screwfix|||||||
|Foundation||4,800|(4,650)|(150)|||
|WLDC Artwork||4,000||||4,000|
|||539,909|(25,759)|(412,274)||101,876|
|Total offunds|1,808,622|539,909|(1,034,876)||(282,537)|2,212,280|
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|Summary|offunds|- current yea|r|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||Balance at 1||||Transfers|Gains/|31 March|
|||April 2021|Income|Expenditure|in/outf|(Losses)|2022|
|General funds||2,110,404|939,822|(844,774)|97,876|(27,471)|2,275,857|
|Restricted|funds|101,876|5,750|(6,467)|(97,876)||3,283|
|||2,212,280|945,572|(851,241)||(27,471)|2,279,140|
|Summary|offunds|- prior year||||||
||||||||Balance at|
|||Balance at|||Transfers|Gainsi|31March|
|||1April 2020|Income|Expenditure|in/out|(Losses)|2021|
|General funds||1,808,622|1,181,162|(1,009,117)|412,274|(282,537)|2,110,404|
|Restricted|funds||539,909|(25,759)|(412,274)||101,876|
|||1,808,622|1,721,071|(1,034,876)||(282,537)|2,212,280|
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|Analysis
Analysis|ofnet assets between funds
ofnet assets between funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||E|||
|Tangible fixed assets||2,933,508||2,933,508|
|investment|property|941,380||941,380|
|Current assets||1,106,993|3,283|1,110,276|
|Creditors|due within one year|(436,668)||(436,668)|
|Creditors|due in more than one year|(2,269,356)||(2,269,356)|
|Total||2,275,857|3,283|2,279,140|
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|Analysis|ofnet assets between funds - prior y|ear|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|Tangible fixed assets||2,803,686||2,803,686|
|Investment|property|941,380||941,380|
|Current assets||1,084,262|101,876|1,186,138|
|Creditors|due within one year|(213,342)||(213,342)|
|Creditors|due in more than one year|(2,505,582)||(2,505,582)|
|Tl||2,110,404|101,876|2,212,280|
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||||2022|2021|
|---|---|---|---|---|
|Not later than||1 year|612|612|
|Later than|1 year and not later than 5years||1,224|1,836|
||||1,836|2,448|
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