2023-06-30-accounts - Hfhgb (Homes)

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	Page
REPORT OF THE TRUSTEES	1 —8
INDEPENDENT AUDITORS' REPORT	9 —11
STATEMENT OF FINANCIAL ACTIVITIES	12
BALANCE SHEET	13
STATEMENT OF CASH FLOWS	14
NOTES TO FINANCIAL STATEMENTS	15 —26

		Restricted	unl'estrlcted	Total	Restricted	Unrestrfcted	Tote I
	Notes	2023	2023	2023	2022	2022	2022
					Restated	Restated	Restated
		I	E		I	I	E
INCOME FROM
Donations and Legades	2	273,6'l9	38,578	312,227	258,947	113	259,060
Investments CharRable Actlvitles TOTAL INCOME	3	273 649	320 216 358 794	320 216 632443	258 947	326040 326 153	326 (HO 585 100
EXPENDITURE ON
Raising Funds Charitable Actlvltles TOTAL EXPENDITURE		392 583 392 583	16,767 329 339 346 106	16,767 721922 738 689	281617 281617	14,991 281 192 296 183	14,991 562 809 577 800
Net Income/(Expend)tore)		(118,934)	12,688	(106,246)	(22,670)	29,970	7,300
NET MOVEMENT IN FUNDS		(118,934)	12,688	(106,246)	(22,670)	29,970	7,300
TOTAL FUNDS BROUGHT FORWARD As orlglnagy reported		133,100	969,691	1,102,791	155,770	939721	1095491
Prior year ad)usbnent As restated TOTAL FUNDS CARRIED FORWARD	21 14	133100 E14166	938755 1951443	1071855 E965609	155770 1133100	939721 E969691	1095491 E1102791

			~HF
				2023		2022
						Restated
		Notes	6	I	I	I
FIXEDASSETS
Tangible Fixed Assets		8	900,042		945,003
Programme Related Investments		9	43,867		75,160
Work in Progress		10	73 162		122 321
				1,017,071		1,142,484
CURRENT ASSETS
Debtors		11	174,044		133,545
Cash at Bank and In Hand			1~1 843		111863
			275,887		245,408
CREDITORS: Amounts	falling
due within one year		12	~224 293		184331
NET CURRENT ASSETS				51,59'I		61,077
CREDITORS: Amounts	falling
due after more than one year		13		(103,056)		(131,706)
NET ASSETS				E965 6D9		E1 D71 855
RESTRICTED FUNDS		15		14,166		133,100
UNRESTRICTED FUNDS
Designated Funds		14
General Funds				951443		938755
TOTAL FUNDS				E965609		E1071 855

							2023	2023			2022
										Restated
												E
Cash flows from Operating Net cash provided by/(used	Activities (a) below in) operating activities							2,495				24,042
Cash flows from Investing	Activities
Investment Income
Payments to acquire tangible fixed assets Rpy t fy~ R itdl t 8 t hp Id& hy/2 dl 31 tl 9				t Al		Itl	(9,985) 31293	21,308	(43,646) 35 435			18,2113
Cash flows from Financing	Activities
Loan Drawdowns
Loan Repayments Interest Paid							(27,621) ~6202		(26,705) ~dt8 2
Net cash provided by/(used	in) financing			activities				(33,823)				(32,887)
Change in Cash and Cash Equivalents		In the			Year			(10,020)				(17,056)
Cash and Cash Equivalents	at 1"Inly	2022						111,863				128,919
Cash and Cash Equivalents	at 30Iune		2023					E101843				E111863
(a) Reconciliation of Net Income/(Expenditure)						to	Net Cash flow	from
Operating Activities								2023				2022
												Restated
								E				E
Net Income/(Expenditure)								(106,246)				7,300
Interest Income Received
Interest Paid								6,202				6,182
Depreciation								48,344				72,371
Loss on disposal of fixed assets								55,761
(Increase)/Decrease In Debtors and Prepayments Increase/(Decrease) in Trade Creditors and Provisions								(40,499) 38933				(95,180) 33369
								E2 495				E24 042
(b) Analysis ofChanges In	Net Debt							At 1"3uly			At	30~ Iune
								2022	Cash Flows			2023
								E	E			E
Cash								111,863	(10,020)			101,843
Loans falling due within one year Loans falling due aRer more than one year								(27,562) ~131706 ~E47 4tl5	(1,029) 28650 ~517601		(28,591) ~I03056 ~529804

Freehold	property		2% straight	line
Plant and	equipment		20'Yo straight	line
Computer	Equipment		33%straight	line
Short Term Leasehold		Properties	Over Life of	Lease

VOLUNTARYINCOM	E
		Restricted	Unrestricted	Total
		2023	2023	2023
		E	E	E
M&G P&G Whirlpool The Blackstone Group Montagu Evans Mattel LandAid Lalng Trust RBS SltusAMC Wells Fargo Bank of America Faegre Drinker Epsilon I P Morgan Chenlere B&Qand Albert Hunt Henkel Habitat For Humanity Other	(Parent)	46,855 3,757 73,457 281253 10,964 10,000 40,000 2,087 2,762 6,165 25,754 1,043 10,133 6,300 6,119 E273 649	121895 2,384 3,405 8,290 1,192 11755 1,220 7,068 369 E38578	46,855 12,895 3,757 73,457 28,253 10,964 10,000 40,000 4,471 6,167 14,455 25,754 2,235 1,755 1,220 7,068 101133 6,300 6,119 369 E312 227
		Restated	Restated	Restated
		Restricted	Unrestricted	Total
		2022 f	2022 f	2022 f
MlkG P&G Whirlpool SEI Investments Europe COINs Foundadon Europe Capital The Blackstone Group Lloyds of London Other		42,000 5,067 30,328 10,000 8,000 50,000 73,552 40,000	113	42,000 5,067 30,328 10,000 8,000 50,000 73,552 40,000 113
		E258 947	E113	E259060
CHARITABLE ACTIVITIES				Restated
		Restricted	Unrestricted	2022 2023
		Funds E	Funds f	Total E Total E
Professional fees Contract works Volunteer facilitation Rental Income -Short Government furlough Other income	grants Leasehold Properties scheme grant		4,518 216,488 2,500 96,618 92 E320 124	58,379 153,302 101170 98,150 5,432 607 4,518 216,488 2,500 96,618 92 E320 124 E326 040

COS	T OF RA	ISING FUNDS
			2023	Restated
				2022
			f	I
Staff	Costs		16,681	14,974
Other	Support	Costs	86 E16767	17 E14991

ANALYSIS OF CHARITABLE ACTIVITIES		2023	2023	2023
Construct/on 2t Renovetlon Project Expenditure East Street		Restricted	Unrestricted E 560	TotalI 560
Nithdale Road Broad Street Gale Street, Barking 82 Dagenham Friends Meeting House, Tunbrldge Wells Claudla jones M82G Research Project Woodward Road		4,460 39,217 176,62lo	1,165 2,671 4,080 1,872 6,832 19,640	1,165 2,671 4,460 4,080 41,089 6,832 196,280
Bolton Crescent Maintenance and planning Other Project Costs Gale Street Workshop Wlnterlsation Programme Empty Spaces to Homes (ES2H) Upcycllng Programme MSQ Dumfries Royal Parade Ringstead Road		6,952 31,873 105,057	5,33'l 5,328 4,287 670 1,396 28,877 3,750 3,671 329	12,286 5,328 36,160 670 1,396 28,877 3,750 108,728 329
Amortlsatlon ofProject Costs Broad Street			(4,323)	(4,323)
Rlngstead Road, Lewisham Friends Meeting House, Tunbrldge Wells East Street			16,965 14,725 14,262	16,965 14,725 14,262
Nithdale Road			4,235	4,235
interest &pense Rlngstead Road, Lewisham East Street, Barking 82 Dagenham			2,133 2,956	2,133 2,956
Development Advlsorjr end Menegement Klngsley Hall/Livability St. Leonards Church, Chesham Bole Choumert Road, Peckham	Services		1,189 1,882 1,607	1,189 1,882 1,607
Other Project costs Nationwide Sponsored Training Scheme Business Development Costs		28,384 392,583	15045 161,137	28,384 15 045 553,720
Support Costs Governance Costs			142,428 25 774	142,428 25 774
		E392663	E329339	E721922

ANALYSIS OF CHAR	ITABLE	A	CTIVITIES	(Continued)
					Restated	Restated	Restated
					2022	2022	2022
					Restricted	Unrestricted	Total
					I	E	E
Construct/on ft Renovation East Street		Project Expenditure				192	192
Nlthdale Road						3,113	3,113
Broad Street						3I113	3,113
Gale Street, Barking 82	Dagenham				197,219		197,219
Friends Meeting House,	Tunbrldge		Wells			2,243	2,243
Claudla jones MBEG Research Project Woodward Road					23,771 36,334	5,612 6,303	29,383 6,303 36,334
Bolton Crescent Maintenance					10,179		10,179
Other Project Costs						11,014	11,014
Amortlsatlon of Project Costs
Broad Street						20,840	20,8EIO
Rlngstead Road, Lewlsham						16,965	16,965
Friends Meeting House,	Tunbridge		Wells			15,083	15,083
East Street						13,876	13,876
Nithdale Road						4,235	4,235
Interest Expense Ringstead Road, Lewlsham East Street, Barking lk Dagenham Choumert Road, Peckham						2,695 3I311 934	2,695 3,311 934
Development Advfsory and Klngsley Hall/Uvablllty St. Leonards Church, Chesham		/Efanagement Bols		Services		15,373 1,108	15,373 1,108
Hornsey Parish Church						107	107
ShaResburt Battersea						8	8
Choumert Road, Peckham						12,588	12,588
Other Project costs Nationwide Sponsored Business Development	Training Costs	Scheme			14,114	20666	14,114 20666
					281,617	159,379	440,996
Support Costs Governance Costs						99,012 22 801	99,012 22 801
					E281 612	E281 192	E662 809

				Activities for	Direct	Support	Governance	Governance	2023
				Raising Funds E	Costs E	Costs E	Costs f		Total f
Staff Costs				16,681	103,620	66,563	17,829		204,692
Outskle Labour					8,404				8,404
Materials					276,864	3,291			280,155
Other construction		costs			33,746	223			33,969
Insurance					2,941	7,292			10,233
Legal 8r Professional Other Office Expenses				86	64,645 11,500	50,373 12,141	7,377 568		122,395 24,295
Financing Costs Depreciation of fixed assets Amoitisatlon ofshort-term			leases		6,139 45,863	63 2,481			6,202 2,481 45,863
Bad Debts
				E16767	E553 720	E142 429	E25	774	f738 688
									Restated
				Activities for	Direct	Support	Governance		2022
				Raising Funds E	Costs E	Costs f	Costs E		Total f
Staff Costs				14,974	84,979	67,508	15,209		182,670
Outside Labour					'l,650				4,650
Materials					209,771				209,771
Other construction		costs			8,808	214			9,022
Insurance					1,888	6,366			8,254
Legal 8r Professional Other Offlce Expenses Financing Costs				17	34,697 17,243 6,940	17,455 8,625 176	7,134 458		59,286 26,343 7,116
Depreciation	of fixed assets					1,372			1,372
Amortisation	of short-term		leases		70,999				70,999
Bad Debts					1021	2 704			1683
				E14991	E440 996	E99012	E22	801	E577800

he operat	ing result	Is stated after charging.
				Restated
			2023	2022
			f	E
Depreciation			48,344	72,371
Payments	to auditors	in respect ofaudit services	7,350	7,000
Payments	to auditors	In respect ofother services

ANGIBLE FIXEDASS	ETS	ETS
	Office, Land &		Plant	82	Short Term
		Buildings	Machinery		Leasehold		Schemes In
					Properties	Total	Development
					E		E
COST
At 1"July 2022		30,160	17,287		1,352,998	1,400,445	122,321
Additions			3,383			3,383	6,602
Disposals				620	212751	213371	55 761
At 30e June 2023		30 160	20	050	1 140247	1 190457	73 162
DEPRECIATION/
AMORTISATION
At 1"July 2022		1,734	14,917		EI38,791	455,442
Charge for the Year		102	2,379		45,863	48,344
Dlsposals				620	212751	213371
At 30' June 2023		1836	16	676	271 903	290415
NET BOOK VALUE
At 308s June 2022		E28 426	E2	370	E914207	E945 003	E122321
At 30 June 2023		E28 324	E3	374	E868344	E900 042	E73 162
PROGRAMME RELATED		INVESTMENTS
							Restated
					2023		2022
Cost or Valuation					E		E
At 1"July 2022 Additional loans in Year Repayments At 30e June 2023					75,160 110,595 ~33203 ~35 435 E43 067 E75 IM
Repayable within one year Repayable in more than one year					12,209 31 658		32,653 42 507
					E43 867		E75 160

										Restated
									2023	2022
									f	E
	Building	Renovation								55,761
	New Building		Construction						73 162	66 560
	Total								E73 162	E122 321
										Rest'at'ed
									2023	2022
									E	f
	Balance	Brought		Forward					122,321	80,229
	Additional Disposals	Costs		In	the	year			6,602 ~55 761	42,092
	Balance	Carried		Forward					E73 162	E122321
11.	DEBTORS
										Restated
									2023	2022
									f	E
	Trade Debtors								702	67,865
	Prepayments								5,403	4,974
	Other Debtors		and		Accrued		Income		135,680	567392
	VAT								32 260	4 314
									6174 045	E133545
12.	CREDITORS: AMOUNTS						FALLING DUE WITHIN		ONE YEAR
										Restated
									2023	2022
										E
	Trade Creditors								61,731	22,780
	Social Security and				Other Taxes				4,005	2,465
	Accruals	and Deferred				Income			99,054	100,588
	VAT
	Sinking Fund								30,912	30,936
	Loan —Repayable				within one year				28 591	27 562
									E224 293	E184331
13.	CREDITORS: AMOUNTS						FALLING DUE AFTER MORE THAN ONE YEAR
										Restated
									2023	2022
									f	E
	Loan —balance			repayable			In 1 —5 years		84,884	99,507
	Loan —balance			repayable			in more than	5 years	18 172	32 199
									E103 056	E131706

						th
14.	NET ASSETS	BYFUND
	2023				Restricted		Unrestricted	Total
							Designated
							E	E
	Fixed Assets						1,017,071	1,017,071
	Current Assets					14,166	255,602	269,768
	Creditors due	within one year					(224,293)	(224,293)
	Creditors due	in more than one year					103056	103056
						E14166	E945 324	E959490
	2022 - Restated				Restricted		Unrestricted	Total
							Designated
							E	E
	Fixed Assets						1,142,484	1,142,484
	Current Assets					133,100	112,308	245,408
	Creditors due	within one year					(184,331)	(184,331)
	Creditors due	In more than one year					131706	131706
						E133100	E938755	Ei 071855
15.	RESTRICTED FUNDS
	2023				Funds as at 1st3uly 2022	Incoming Resources	Resources Expended	Funds as at 30th 3une 2023
					E	E	E	E
	Adventure Playground				1,821	6,299	(6,953)	1I167
	Young Persons Training				24,526	10,000	(28,384)	6,142
	Programme
	Gale Street Redevelopment			(now
	Empty Spaces)
	Project
	The Claudla 3ones Organisation					39,217	(39,217)
	Gale Street Workshop		Upcycllng
	Empty Spaces				106,753	218,133	(318,029)	6,857
	Woodward Road Redevelopment
	project (now Empty Spaces)
					E133100	E273 649	E 392 583	E14 166
	2022 - Restated				Funds as at 1st3uly 2022	Incoming Resources	Resources Expended	Funds as at 30th 3une 2022
					E	E	E	E
	Adventure Playground				7,000	5,000	(10,179)	1,821
	Young Persons Training
	Programme				38,640		(14,114)	24,526
	Gale Street Redevelopment
	Project				103,042	163,713	(197,219)	69,536
	Claudla 3ones	Organlsatlon			7,088	16,683	(23,771)
	Woodward Road Redevelopment
	Project					73 551	36334	37 217
					E155770	E258 947	E 281 617	E133 100

				Restated
			2023	2022
			E	E
Wages and	Salaries		170,296	167,278
Employer's	Ni		17,946	18,000
Pension Costs			3811	4 548
			E192053	E189826
Capltalised Other Staff	Staff Costs —Short Leasehold Costs	Projects	581 191472	7,118 182708
			E192053	E189826

CAPITAL COMMIT	ME	NTS
						Restated
					2023	2022
					E	E
Capital expenditure	that has been contracted			for but
has not been provided		for In the Rnanclal	statements		497 218	183 666
Total					E497,218	E183,666