## ## ## ||||PAGE| |---|---|---|---| |Company
information|||| |Board report (including|strategic report)||5-14| |Independent
auditor's|report||15-17| |Statement ofcomprehensive||income|18| |Balance sheet|||19| |Statement ofchanges|in reserves||20| |Statement
ofcash flows|||21| |Notes to the financial statements|||22-33| ## |YEAR ENDED 3|YEAR ENDED 3|YEAR ENDED 3|1 DEC|EMBER 2020|||||| |---|---|---|---|---|---|---|---|---|---| |Charity number|||||1058613||||| |Company||number|||3241634||||| |Homes 8||Communities||Agency registered|||||| |housing|provider||number||LH 4152||||| |Directors|||||N A Strawson||||| ||||||D Wooldridge
(resigned|||15/07/20)|| ||||||P Gallant||||| ||||||SGallaher
(Chairman)||||| ||||||S Hunt (resigned 21/01/21)||||| ||||||K Lynn (resigned 27/01/20)||||| ||||||C Rounce (resigned||29/03/21)||| ||||||L Lougher (resigned||29/03/21)||| ||||||R Harrison
(resigned||08/09/20)||| ||||||R Oxby (appointed|27/01/20)|||| ||||||Bishop D Court||||| ||||||L Flemming
(appointed|||29/03/21)|| ||||||C Stephen
(appointed||29/03/21)||| ||||||Rev Matthew
Rodgers|||(appointed|29/03/21)| ||||||J Taylor (appointed|29/03/21)|||| |Chief Executive Officer|||||D Cook (resigned
31/05/21)||||| |Key management|||personnel||K Conway||||| ||||||S England||||| ||||||G Fenwick (resigned||06/03/20)||| ||||||A Hornsby
(resigned||09/04/21)||| ||||||SMarray||||| ||||||SMeech (resigned|31/12/20)|||| |Registered||office|||Peaks Lane||||| ||||||Grimsby||||| ||||||South Humberside||||| ||||||DN32 9ET||||| |Bankers|||||Barclays Bank PLC||||| ||||||35Victoria Street||||| ||||||Grimsby||||| ||||||North East Lincolnshire||||| ||||||DN31 1DE||||| |Auditors|||||Forrester Boyd||||| ||||||26 South St. Mary's|Gate|||| ||||||Grimsby||||| ||||||DN31 1LW||||| ## ## ## ## ## ## ## |Our ability to generate|Our ability to generate|income from fundraising|income from fundraising|income from fundraising|was restricted
in 2020 due to the pandemic|was restricted
in 2020 due to the pandemic|and we| |---|---|---|---|---|---|---|---| |had already
identified||that this is an area||ofwork|we need to grow|and develop.
The Senior Leadership|| |Team worked|hard to access grants
to compensate
for lost income and also to provide
additional||||||| |services which|were needed||more than ever during the pandemic.|||The following grants were received|| |in 2020:-|||||||| |Reaching
Communities|||||f62,842|To continue
our AT One project|| |Coronavirus
Leisure Grant|||||E25,000|Coronavirus
support|| |Housing
First|||||F50,000|Housing
first Project Worker|| |Sports England|"Community||Emergency|Fund"|F10,000|Coronavirus
support|| |NELC Hardship|Grant||||F10,000|To support our residents|| |Crisis Grant "In|this together"||||E5,000|Coronavirus
support|| |Covid Hardship|winter|Grant|||F5,000|To support our residents|| |Walwyn
Chapman|||||E5,000|To enable us to deliver a Young|| |||||||Carers project|| |NELC Covid Fund|||||E4,000|To support
our mental
health|| |||||||services|| |Street Games|||||F2,500|To deliver sport sessions|| |Garfield Weston|||||E2,000|To support
our Trustees|| |YMCA E8W|||||j1,503|Room sponsorship
support|| |Tala|||||F1,462|To support our mental
health|| |||||||services|| |NELC SWEP|||||F1,000|To support our SWEP|| |Make a difference
locally|||||F250|To purchase
sports equipment|| |Rotary|||||2200|To support Willows Youth Club|| |Blakem ores|||||f150|To purchase
residents
Easter Eggs|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2020|2019| |---|---|---|---|---|---|---|---| ||||||||F| |Turnover|||||Notes||| |||||||2,570,791|2,157,111| |Operating
expenditure||||||(1,760,711)|(1,670,583)| |Operating|surplus|||||810,080|486,528| |Gain/(loss)|on disposal||of property|plant|||| |and equipment||||||(5,202)|1,800| |Exceptional|expenditure||||||| |Interest
receivable||and|similar income|||717|1,023| |Surplus before tax||||||805,595|489,351| |Exceptional|Items||||||| |Taxation|||||||| |Total comprehensive|||income for the year|||805,595|489,351| ## |||||||||2020||2019| |---|---|---|---|---|---|---|---|---|---|---| |||||||Notes||||| |Fixed assets||||||||||| |Housing
properties||at depreciated|||cost|10|5,474,610||2,130,496|| |||||||||5,474,610||2,130,496| |Other fixed assets||||||10||82,381||84,188| |||||||||5,556,991||2,214,684| |Current assets||||||||||| |Stocks and work in progress||||||11|3,985||3,749|| |Debtors||||||12|198,795||98,967|| |Cash at bank and|in|hand|||||1,610,730||897,550|| ||||||||1,813,510||1,000,266|| |Creditors:
amounts||falling due within one year||||13|(610,416)||(530,862)|| |Net current assets||||||||1,203,094||469,404| |Total assets less|current liabilities|||||||6,760,085||2,684,088| |Creditors: amounts||falling due after more than||||14||(4,418,846)||(1,131,704)| |one year||||||||||| |Provisions
for liabilities|||and|charges||||||| |Pensions
liability||||||22|(86,179)||(102,919)|| |Totals provisions|for|liabilities||and|charges|15||(86,179)||(102,919)| |||||||||2,255,060||1,449,465| |Capital and reserves||||||||||| |Income and expenditure|||reserve|||||2,255,060||1,449,465| |||||||||2,255,060||1,449,465| ## ## ||||2020|2019| |---|---|---|---|---| |||Note||| |Cash flow from operating
activities||19|3,687,375|813,705| |Interest
paid||||| |Taxation
paid||||| |Net cash flow from operating|activities||3,687,375|813,705| |Cash flow from investing
activities||||| |Payments
to acquire tangible
fixed assets|||(3,432,610)|(947,241)| |Receipts from sale oftangible|fixed assets|||1,800| |Interest
received|||717|1,023| |Net cash flow from investing|activities||(3,431,893)|(944,418)| |Cash flow from financing
activities||||| |Proceeds from bank borrowing|draw downs||475,250|169,400| |Repayment
ofbank borrowing|||(23,974)|(5,046)| |Interest
paid|||6,422|1,375| |Net cash flow from financing|activites||457,698|165,729| |Net increase I(decrease) in|cash and cash|equivalents|713,180|35,016| |Cash and cash equivalents
at 1 January|||897,550|862,534| |Cash and cash equivalents
at 31 December|||1,610,730|897,550| ## ## ## ## ## |Depreciation|is charged on a straight|is charged on a straight|line basis over the expected economic useful lives ofthe assets| |---|---|---|---| |at the following
annual
rates the||year|after acquisition:| ||Housing
properties,|houses|| ||Plant and machinery||| ||Furniture
and equipment||| ||Computer
equipment||| ||Motor vehicles||| ## ## ## ## ## ## ## ## |||||||||2020f|2019
f.| |---|---|---|---|---|---|---|---|---|---| ||Rent receivable,
excluding||||service charges|||1,957,786|1,604,084| ||Service charges|||||||22,311|19,849| ||Care leavers|||||||140,157|| ||Grant income|||||||237,774|260,419| ||Amortised
grant income|||||||32,239|30,156| ||Other income|||||||27,589|9,069| ||Social housing|activity expenditure||||||(1,387,275)|(1,121,832)| ||Operating
surplus/||from|social housing|||activities|1,030,581|801,745| ||Net surplus/(deficit)||from social housing||||activities|914,871|681,010| ||Void losses|||||||(115,710)|(120,324)| |3|TURNOVER||||||||| ||The analysis ofthe company's||||turnover|for the period from||continuing
operations|is as| ||follows:||||||||| |||||||||2020|2019| |||||||||E|| ||Social housing|income (net|||ofvoids)|||2,302,146|1,803,253| ||Sale ofgoods||||||||| ||Rendering
ofservices||||||||| ||Facility lettings|||||||8,892|26,975| ||Donations
and|revenue||grants||||148,042|326,883| ||Capital grant|||||||57,000|| ||Government
grants|||||||54,711|| |||||||||2,570,791|2,157,111| |4|ACCOMMODATION||OWNED||AND IN MANAGEMENT||||| |||||||||Units|Units| |||||||||at End|at Start| ||Supported
housing||—Let at||social rent|||118|109| |5|INTEREST RECEIVABLE|||AND SIMILAR|||INCOME||| |||||||||2020|2019| ||Bank deposits|||||||717|1,023| ||||||||-25-||| ||||||||| |---|---|---|---|---|---|---|---| |6|OPERATING SURPLUS||||||| |||||||2020
F|2019f| ||Operating
surplus
is stated after|||charging:|||| ||Directors' and Chief Executive|Officers remuneration||||75,557|72,789| ||Auditors'
remuneration
(including|||expenses|and||| ||benefits
in kind)|||||7,000|9,150| ||Operating
leases|||||1,626|1,696| ||Government
grants|||||(32,239)|(30,156)| ||Depreciation
and amortisation|ofowned assets||||85,101|75,524| ||(Gain) / loss on sale oftangible||fixed assets|||5,202|(1,800)| |7|AUDITORS REMUNERATION||||||| |||||||2020|2019| ||Fees payable to the auditor for|the audit ofthe annual||||7,000|7,000| ||account||||||| ||Fees payable to the auditors for||other services||||2,150| |8|BOARD AND KEY MANAGEMENT|||PERSONNEL REMUNERATION|||| |||||||2020|2019| ||Amounts
paid to key management|||personnel||285,510|238,101| ||||||2020|2019| |---|---|---|---|---|---|---| |The|average|number ofpersons employed||during the||| |year|expressed||in full time equivalents||47|44| ||2020|2019| |---|---|---| |Management|6|6| |Lead|5|6| |Admin,
finance 8 marketing|7|9| |Support worker|26|23| |Youth worker|4|3| |Services|8|8| |Relief|10|9| |Total|66|64| |Staff costs||| |Wages and salaries|1,144,605|1,066,631| |Social Security costs|88,559|79,092| |Pension costs|21,459|17,151| ||1,254,623|1,162,874| ## |he numb
ensions|er ofemployees
who received more th
costs) are as follows:|an f60,000as their employee
package|(excluding| |---|---|---|---| |||2020|2019| |||Number|Number| |260,001
f70,001|—270,000
—880,000||| |F80,001|—F90,000||| |10
TANGIBLE FIXEDASSETS|10
TANGIBLE FIXEDASSETS|10
TANGIBLE FIXEDASSETS||||| |---|---|---|---|---|---|---| ||||Long|Freehold||| ||||Leasehold|Housing||| ||||Assets under|Properties||| ||||construction|for Lettings|Other|Total| ||||E|E|E|| |Cost||||||| |At beginning|ofyear||442,972|2,570,618|309,567|3,323,157| |Additions|||3,237,499|170,103|25,008|3,432,610| |Disposais||||(5,202)||(5,202)| |At end ofyear|||3,680,471|2,735,519|334,575|6,750,565| |Depreciation||||||| |At beginning|ofyear|||883,094|225,379|1,108,473| |Charge for year||||58,286|26,815|85,101| |On disposals||||||| |At end ofyear||||941,380|252,194|1,193,574| |Net Book Value at end ofyear|||3,680,471|1,794,139|82,381|5,556,991| |Net Book Value at beginning||ofyear|442,972|1,687,524|84,188|2,214,684| |12|DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR|DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR|DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR|DEBTORS-ALL RECEIVABLE WITHIN ONE YEAR||| |---|---|---|---|---|---|---| ||||||2020|2019| ||||||f|| ||Trade debtors (gross social||housing|rent arrears)|106,640|71,393| ||Less: provision
for doubtful||debt|||| ||Trade debtors (other)||||18,009|21,350| ||Prepayments
and accrued income||||74,146|6,224| ||||||198,795|98,967| |13|CREDITORS - AMOUNTS|FALLING||DUE WITHIN ONE YEAR||| ||||||2020|2019f| ||Bank loans and overdrafts||||28,076|20,183| ||Trade creditors||||32,043|49,160| ||Rents paid
in advance|||||| ||Other tax and social security||||23,367|17,583| ||Accruals and deferred
income||||451,457|398,885| ||Other creditors||||21,194|14,896| ||Government
grants under|accruals||model|54,279|30,155| ||||||610,416|530,862| ## ||||2020f|2019
E| |---|---|---|---|---| |Bank loans|and overdrafts||595,351|145,546| |Government|grants|under accruals model|3,823,495|986,158| ||||4,418,846|1,131,704| |||Pension| |---|---|---| |||deficit| |Balance|as at 1 January 2020|102,919| |Utilised|during the year|| |Charge|for the year|(16,740)| |Balance|as at 31 December 2020|86,179| |||||Income 8|| |---|---|---|---|---|---| |||||expenditure|| |||||reserve|Total| |Balance|at|1 January|2020|1.449.465|1.449.465| |Surplus|for|the year||805,595|805,595| |Balance|at|31 December 2020||2,255,060|2,255,060| ## ||||2020|2019| |---|---|---|---|---| |Other||||| |Within||one year|6,283|1,555| |Within||two or five years|24,495|| |Over|5|years|1,470,000|| ||||1,500,778|1,555| |||||2020|2019| |---|---|---|---|---|---| ||||||E| |Surplus
/ (deficit) for the year||||805,595|489,351| |Interest payable|||||| |Interest received||||(717)|(1,023)| |Depreciation
oftangible
fixed assets||||85,101|75,524| |(Profit)/ loss on disposal oftangible|||fixed||| |assets||||5,202|(1,800)| |(Increase)
/ decrease|in stock|||(236)|426| |(Increase)
/ decrease|in trade and other debtors|||(99,828)|(7,601)| |Increase
/ (decrease)|in trade and other creditors|||2,908,998|275,080| |Increase /(decrease)|in pension|liability||(16,740)|(16,252)| |Net cash flow from operating||activities||3,687,375|813,705| ## ## ## ## ## ##