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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|||22-40|
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|Trustees|||G Bratby (resigned 26 April|G Bratby (resigned 26 April|G Bratby (resigned 26 April|G Bratby (resigned 26 April|G Bratby (resigned 26 April|2023)||
|---|---|---|---|---|---|---|---|---|---|
||||J Allen|||||||
||||R Hall|||||||
||||R Hubbard||(resigned||26 April 2023)|||
||||J Wilkinson|||||||
||||H Spencer|||||||
||||SCzabaniuk|||||||
||||J Hickson|(appointed|||26 October 2022)|||
||||C Fielder-Shatell|||(resigned||1 July 2023)||
||||SScoffield||(appointed||26 October 2022)|||
||||AJ Webb|(appointed|||26 October 2022)|||
|Company|registered|||||||||
|number|||02908711|||||||
|Charity registered||||||||||
|number|||1046933|||||||
|Registered||office|22 Market|Place||||||
||||Gains borough|||||||
||||Lincolnshire|||||||
||||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|2021/22|2022/23|
|Rents Receivable|||95'/o|83.5'/o|89'/o|
|Rooms available
for let|||98'/o|99'/o|98o/|
|Bad debt write|offs as a '/orent debt||2'/o|0.45'/o|0 02o/&&|
|'/o of planned|move-on|from service|90'/o|93'/o|94'/o|
|Total number|of Clients|in Employment30'/o||40'/o|47'/o|
|Total number|of Clients|in Training|40'/o|41'/o|38o/o|
|and Education||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note|||||
|Income from:|||||||
|Donations
and legacies|||60,260|79,577|139,837|45,446|
|Charitable
activities|||869,073||869,073|751,895|
|Investments|||155,753||155,753|'/48, 231|
|Total income|||1,085,086|79,577|1,164,663|945,572|
|Expenditure
on:|||||||
|Charitable
activities|||981,318|81,089|1,062,407|851,241|
|Total expenditure|||981,318|81,089|1,062,407|851,241|
|Net movement
in|funds before other||||||
|recognised
gains/(losses)|||103,768|(1,512)|102,256|94,331|
|Other recognised|gains/(losses):||||||
|Losses on revaluation
of fixed assets|||(64,575)||(64,575)|(27,471)|
|Net movement
in|funds||39,193|(1,512)|37,681|66,860|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||2,275,857|3,283|2,279,140|2,212,280|
|Net movement
in funds|||39,193|(1,512)|37,681|66,860|
|Total funds carried forward|||2,315,050|1,771|2,316,821|2,279,140|
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note||E|||
|Fixed assets||||||||
|Tangible assets|||12||3,121,105||2,933,508|
|Investment
property|||13||941,380||941,380|
||||||4,062,485||3,874,888|
|Current assets||||||||
|Debtors|||14|83,498||74,425||
|Cash at bank and|in hand|||564,773||1,035,851||
|||||648,271||1,110,276||
|Creditors: amounts|falling due within one|||||||
|year|||15|(370,589)||(436,668)||
|Net current assets|||||277,682||673,608|
|Total assets less|current liabilities||||4,340,167||4,548,496|
|Creditors: amounts|falling due after more|||||||
|than one year|||16||(2,023,346)||(2,269,356)|
|Net assets excluding||pension asset|||2,316,821||2,279,140|
|Total net assets|||||2,316,821||2,279,140|
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||||2023|2022|
|---|---|---|---|---|
|||Note|E||
|Charity funds|||||
|Restricted|funds|17|1,771|3,283|
|Unrestricted|funds|17|2,315,050|2,275,857|
|Total funds|||2,316,821|2,279,140|
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||||2023f|2022|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net cash used
in operating|activities||(58,615)|98,075|
|Cash flows from investing|activities||||
|Dividends,
interests
and rents from investments|||155,753|'l48,231|
|Purchase oftangible
fixed assets|||(319,865)|(216,230)|
|Net cash used
in investing|activities||(164,112)|(67,999)|
|Cash flows from financing|activities||||
|Repayments
of borrowing|||(248,351)|(11 1,529)|
|Net cash used
in financing|activities||(248,351)|(111,529)|
|Change
in cash and cash|equivalents
in|the year|(471,078)|(81,453)|
|Cash and cash equivalents|at the beginning|ofthe year|1,035,851|1,117,304|
|Cash and cash equivalents|at the end of|the year|564,773|1,035,851|
|The notes on pages 22 to 40 form part ofthese financial statements|||||
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|2022|
|Donations||6,772||6,772|5,432|
|Grants||53,488|79,577|133,065|39,820|
|Government|grants||||194|
|Total 2023||60,260|79,577|139,837|45,446|
|Total 2022||39,696|5,750|45,446||
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||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2023
R|2023f|2022|
|Income|from|charitable|activities|-|Housing|Support|869,073|869,073|751,895|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
|Rents received||from NHS|130,170|130,170|'/27, 006|
|Telephone|mast|income|22,612|22,612|21,111|
|Deposit account||interest|2,971|2,971|114|
|Total 2023|||155,753|155,753|148,231|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023f|2022|
|Housing|Support|707,987|8,674|716,661|584,379|
|Corporate|Overheads|273,331|72,415|345,746|266,862|
|Total 2023||981,318|81,089|1,062,407|851,241|
|Total 2022||844,774|6,467|851,241||
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|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2023f|2023|2023f|2022|
|Housing|Support|667,966|48,695|716,661|584,379|
|Corporate|Overheads|297,517|48,229|345,746|266,862|
|Total 2023||965,483|96,924|1,062,407|851,241|
|Total 2022||757,450|93,791|851,241||
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|||Housing|General|Total|Total|
|---|---|---|---|---|---|
|||Support|Needs|funds|funds|
|||2023|2023|2023f|2022|
|Staff costs||276,855|154,136|430,991|411,706|
|Depreciation||51,875|15,818|67,693|58,937|
|Rent, rates|and water|93,657||93,657|99,120|
|Insurance||2,566|11,525|14,091|12,126|
|Light and heat||49,280||49,280|50,120|
|Property Repairs||101,163|72,415|173,578|54,904|
|Household|and Cleaning|27,068|897|27,965|22,513|
|TV Licences||372||372|4,159|
|Bad debt write off||142||142|3,327|
|Professional|fees|5,118|250|5,368|581|
|Mortgage
Interest||59,870|42,476|102,346|39,957|
|Total 2023||667,966|297,517|965,483|757,450|
|Total 2022||534,515|222,935|757,450||
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||Housing|General|Total|Total|
|---|---|---|---|---|
||Support|Needs|funds|funds|
||2023|2023|2023f|2022|
|Telephone|3,550|4,250|7,800|8,075|
|Household
and Cleaning|682||682|524|
|Client Broadband|8,782||8,782|8,388|
|Sundry expenses|1,599|951|2,550|2,531|
|Employee costs|2,781|3,092|5,873|7,124|
|Computer costs|17,105|22,426|39,531|27,123|
|Bank charges|461|506|967|761|
|Auditors'
remuneration||7,200|7,200|7,800|
|Professional fees|4,967|7,517|12,484|17,213|
|Travel costs|2,088|2,287|4,375|4,163|
|Donations
made|6,680||6,680|10,089|
|Total 2023|48,695|48,229|96,924|93,791|
|Total 2022|49,864|43,927|93,791||
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|Gover|nance
costs - Auditors'|remuneration|||
|---|---|---|---|---|
||||2023|2022f|
|Fees|payable to the company's|auditor for the audit ofthe company's|||
|annual|accounts||7,200|7,200|
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|Staff costs||||||
|---|---|---|---|---|---|
|||||2023|2022|
|Wages and|salaries|||394,066|376,495|
|Social security costs||||27,392|25,248|
|Contribution|to defined|contribution|pension schemes|9,533|9,963|
|||||430,991|411,706|
|||2023|2022|
|---|---|---|---|
|||No.|No.|
|Total|staff|20|20|
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||Freehold|Fixtures and|Computer||
|---|---|---|---|---|
||property|fittings|equipment|Total|
|||F|||
|Cost or valuation|||||
|At 1 April 2022|2,998,133|64,405|10,209|3,072,747|
|Additions|319,865|||319,865|
|Impairment
ofassets|(64,575)|||(64,575)|
|At 31 March 2023|3,253,423|64,405|10,209|3,328,037|
|Depreciation|||||
|At 1 April 2022|64,817|64,213|10,209|139,239|
|Charge for the year|67,501|192||67,693|
|At 31 March 2023|132,318|64,405|10,209|206,932|
|Net book value|||||
|At 31 March 2023|3,121,105|||3,121,105|
|Af 31March 2022|2,933,316|192||2,933,508|
|||2023|2022|
|---|---|---|---|
|Cost||3,963,891|3,647,548|
|Accumulated|Depreciation|(79,278)|(545,485)|
|||3,884,613|3,102,063|
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||Long term|
|---|---|
||leasehold|
||investment|
||property|
|Valuation||
|At 1 April 2022|941,380|
|At 31 March 2023|941,380|
##
|||2023f|2022|
|---|---|---|---|
|Due within one year||||
|Trade debtors||70,877|62,755|
|Prepayments|and accrued income|12,621|11,670|
|||83,498|74,425|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|Bank loans|||||||207,778|210,119|
|Trade creditors|||||||42,925|21,420|
|Other creditors|||||||6,974|5,683|
|Accruals|and deferred|||income|||112,912|199,446|
||||||||370,589|436,668|
||||||||2023f|2022|
|Deferred|income at||1 April||2022||110,738|68,460|
|Resources deferred|||during||the year||52,549|110,738|
|Amounts|released|from previous||||periods|(110,738)|(68,460)|
||||||||52,549|'I10,738|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2022|Income
f|Expenditure|in/out|(Losses)
f|2023|
|Unrestricted|||||||
|funds|||||||
|Free Reserves|880,444|1,085,086|(913,625)|(568,216)||483,689|
|Investment|||||||
|Property|941,380|||||941,380|
|Property|||||||
|Reserve|2,933,316||(67,501)|319,865|(64,575)|3,121,105|
|Loan Reserve|(2,479,475)|||248,351||(2,231,124)|
|Fixed Asset|||||||
|Reserve|192||(192)||||
||2,275,857|1,085,086|(981,318)||(64,575)|2,315,050|
|Restricted|||||||
|funds|||||||
|Alley Cats|||||||
|Funding|3,283||(1,512)|||1,771|
|Abbey Access||71,715|(71,715)||||
|Asda Foundation||1,162|(1,162)||||
|Ashcroft Road||6,000|(6,000)||||
|Bauer cash for|||||||
|kids||700|(700)||||
||3,283|79,577|(81,089)|||1,771|
|Total offunds|2,279,140|1,164,663|(1,062,407)||(64,575)|2,316,821|
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|Statement offu|nds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||Transfers|Gainsl|31March|
||1April 2021|Income|Expenditure|inlout|(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|5,750|(851,241)||(27,471)|2,279,140|
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|Summary|offunds|- current yea|r|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||Balance at 1||||Transfers|Gains/|31 March|
|||April 2022|Income
f|Expenditure|in/out|(Losses)
f|2023|
|General funds||2,275,857|1,085,086|(981,318)||(64,575)|2,315,050|
|Restricted|funds|3,283|79,577|(81,089)|||1,771|
|||2,279,140|1,164,663|(1,062,407)||(64,575)|2,316,821|
|Summary|offunds|- prior year||||||
||||||||Balance at|
|||Balance at|||Transfers|Gainsi|31March|
|||1 April 2021|Income|Expenditure|inlout|(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|
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|Analysis
Analysis|of net assets between
funds
of net assets between
funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|Tangible fixed assets||3,121,105||3,121,105|
|Investment|property|941,380||941,380|
|Current assets||646,500|1,771|648,271|
|Creditors|due within one year|(370,589)||(370,589)|
|Creditors|due in more than one year|(2,023,346)||(2,023,346)|
|Total||2,315,050|1,771|2,316,821|
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|Analysis|of net assets between
funds - prior y|ear|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|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)|
|Tl||2,275,857|3,283|2,279,140|
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||||2023f|2022|
|---|---|---|---|---|
|Not later than||1 year|612|612|
|Later than|1 year and not later than 5years||612|1,224|
||||1,224|1,836|
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