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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Trustees' Report|2|to|6|
|Report ofthe Independent
Auditors|7|to|9|
|Statement ofFinancial Activities||10||
|Balance Sheet||||
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|25|
|TRUSTEES|N SGreen||||
|---|---|---|---|---|
||Ms KFreemantle||(resigned 12.8.2021)||
||Ms KLearney||||
||AJSydney||||
||1Tait||||
||EJWells||||
||1M Deans|(appointed 25.2.2021)|||
||G Rumbell|(appointed 25.2.2021)|||
||Ms JSamuels (appointed|||25.2.2021)|
||JKLander||||
||JO'Donovan
(appointed|||17.4.2021)|
|COMPANY SECRETARY|AD C Simpson||||
|REGISTERED OFFICE|Highland
House||||
||Mayflower|Close|||
||Chandler's|Ford|||
||Eastleigh||||
||Hampshire||||
||SO53 4AR||||
|REGISTERED COMPANY|02189380(England and|||Wales)|
|NUMBER|||||
|REGISTERED CHARITY|1061855||||
|NUMBER|||||
|AUDITORS|Hopper Williams||&Bell|Limited|
||Statutory Auditor||||
||Highland
House||||
||Mayflower|Close|||
||Chandler's|Ford|||
||Eastleigh||||
||Hampshire||||
||SO53 4AR||||
|BANKERS|Lloyds Bank pic||||
||3-5Bridge|Street|||
||Newbury||||
||Berkshire||||
||RG14 5BQ||||
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||||2021|2020|
|---|---|---|---|---|
||||Unrestricted||
||||funds|Total funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Charitable
activities|||||
|Provision ofhousing|||635,477|375,913|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Provision ofhousing|||592,568|283,641|
|Net gains/(losses)
on|investments||(20,000)|(48,558)|
|NET INCOME|||22,909|43,714|
|Other recognised
gains/(losses)|||||
|Gains on revaluation|offixed assets||260,045||
|Net movement
in funds|||282,954|43,714|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward||6,322,256|6,278,542|
|TOTAL FUNDS CARRIED FORWARD|||6,605,210|6,322,256|
|CONTINUING
OPERATIONS|||||
##
|||2021|2020|
|---|---|---|---|
|||Total funds|Total funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|10|1,364|836|
|Investments||||
|Investments|ll|1|1|
|Social investments|12|7,102,464|6,760,919|
|||7,103,829|6,761,756|
|CURRENT ASSETS||||
|Debtors|13|18,195|46,984|
|Cash at bank||740,710|668,918|
|||758,905|715,902|
|CREDITORS||||
|Amounts
falling due within one year|14|(196,379)|(86,115)|
|NET CURRENT ASSETS||562,526|629,787|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||7,666,355|7,391,543|
|CREDITORS||||
|Amounts
falling due after more than one year|15|(1,061,145)|(1,069,287)|
|NET ASSETS||6,605,210|6,322,256|
|FUNDS|19|||
|Unrestricted
funds||6,605,210|6,322,256|
|TOTAL FUNDS||6,605,210|6,322,256|
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated
from operations||||269,958|104,101|
|Interest paid||||(44,927)|(41,485)|
|Net cash provided by operating
activities||||225,031|62,616|
|Cash flows from investing||activities||||
|Purchase oftangible fixed assets||||(1,076)|(1,114)|
|Purchase ofsocial investments||||(101,500)||
|Sale offixed asset investments|||||(37,308)|
|Sale ofsocial investments|||||101,058|
|Net cash (used in)/provided||by investing|activities|(102,576)|62,636|
|Cash flows from financing||activities||||
|Loan repayments
in year||||(50,663)|(56,671)|
|Net cash used in financing|activities|||(50,663)|(56,671)|
|Change in cash and cash|equivalents||in|||
|the reporting
period||||71,792|68,581|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||668,918|600,337|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||740,710|668,918|
|1.|RECONCILIATION|RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||Net income for the||reporting||period (as per the Statement ofFinancial|||
||Activities)|||||22,909|43,714|
||Adjustments|for:||||||
||Depreciation|charges||||548|476|
||Losses on investments|||||20,000|48,558|
||Interest paid|||||44,927|41,485|
||Finance costs|||||50,774||
||Decrease/(increase)||in debtors|||28,789|(39,123)|
||Increase in creditors|||||102,011|8,991|
||Net cash provided||by|operations||269,958|104,101|
|2.|ANALYSIS|OF CHANGES IN NET DEBT||||||
||||||At 1.10.20|Cash flow|At 30.9.21|
||Net cash|||||||
||Cash at bank||||668,918|71,792|740,710|
||||||668,918|71,792|740,710|
||Debt|||||||
||Debts falling|due within||1 year|(50,616)|(8,253)|(58,869)|
||Debts falling|due after||1 year|(1,069,287)|8,142|(1,061,145)|
||||||(1,119,903)|(111)|(1,120,014)|
||Total||||(450,985)|71,681|(379,304)|
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|2.|INCOME FRO|M CHARITABLE ACTIVITIES||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Provision|Total|
|||||ofhousing|activities|
||Property rental income|||635,477|375,913|
|3.|CHARITABLE|ACTIVITIES COSTS||||
||||Direct|Support||
||||Costs (see|costs (see||
||||note 4)|note 5)|Totals|
||Provision ofhousing||585,428|7,140|592,568|
|4.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||
|||||2021|2020|
||Staffcosts|||129,634|119,327|
||Insurance|||14,191|8,162|
||Postage and stationery|||552|613|
||Sundries|||1,502|1,012|
||Repairs and maintenance|||90,146|69,999|
||Office expenses|||8,307|9,444|
||Subscriptions||||4,810|
||Travel and subsistence|||3371|1,356|
||Legal fees|||68,322|10,759|
||Rent and rates|||2,155|7,288|
||Lease charges to|Rentplus||170,999||
||Loan arrangement|fee (Lloyds bank)||50,774||
||Depreciation|||548|476|
||Interest payable|and similar charges||44,927|41,485|
|||||585,428|274,731|
##
##
|||||Governance|
|---|---|---|---|---|
|||||costs|
|Provision|ofhousing|||7,140|
|Support|costs, included|in the above, are as follows:|||
||||2021|2020|
||||Provision|Total|
||||ofhousing|activities|
|Auditors'|remuneration||4,950|6,000|
|Auditors'|remuneration|for non audit work|2,190|2,910|
||||7,140|8,910|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)||is stated after charging/(crediting):|||
||||2021|2020|
|Auditors'|remuneration||4,950|6,000|
|Auditors'|remuneration|for non audit work|2,190|2,910|
|Depreciation
- owned assets|||548|475|
##
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|STAFF COSTS|||||
|---|---|---|---|---|
||||2021|2020|
|Wages and salaries|||116,679|107,534|
|Social security costs|||7,942|6,719|
|Other pension costs|||5,013|5,074|
||||129,634|119,327|
|The average monthly|number ofemployees|during the year was as follows:|||
||||2021|2020|
|Charitable
activities|||3|3|
|8.|STAFF COSTS - continued|STAFF COSTS - continued||||||
|---|---|---|---|---|---|---|---|
||The number ofemployees|whose employee benefits|(excluding|employer|pension costs)|exceeded|f60,000was:|
|||||||2021|2020|
||f60,001 —f70,000|||||1|1|
||The total employee benefits ofthe key management||personnel|ofthe charity were F74,258 (2020 - 674,273).||||
|9.|COMPARATIVES FOR|THE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||||||Unrestricted|
||||||||funds|
||INCOME AND ENDOWMENTS FROM|||||||
||Charitable
activities|||||||
||Provision ofhousing||||||375,913|
||EXPENDITURE ON|||||||
||Charitable
activities|||||||
||Provision ofhousing||||||283,641|
||Net gains/(losses)
on investments||||||(48,558)|
||NET INCOME||||||43,714|
||RECONCILIATION
OF|FUNDS||||||
||Total funds brought
forward||||||6,278,542|
||TOTAL FUNDS CARRIED FORWARD||||||6,322,256|
##
|10.|TANGIBLE FIXEDASSETS||
|---|---|---|
|||Fixtures|
|||and|
|||fittings|
||COST||
||At 1 October 2020|10,773|
||Additions|1,076|
||At 30 September 2021|11,849|
||DEPRECIATION||
||At 1 October 2020|9,937|
||Charge for year|548|
||At 30 September 2021|10,485|
||NET BOOK VALUE||
||At 30 September 2021|1,364|
||At 30 September 2020|836|
|11.|FIXEDASSETINVESTMENTS||
|||Shares in|
|||group|
|||undertakings|
||COST||
||At 1 October 2020 and 30 September 2021||
||NET BOOK VALUE||
||At 30 September 2021||
||At 30 September 2020||
##
|SOCIAL INVESTMENTS||
|---|---|
||Land and|
||buildings|
|MARKET VALUE||
|At I October 2020|6,760,919|
|Additions|101,500|
|Revaluations|260,045|
|Impairments|(20,000)|
|At 30 September 2021|7,102,464|
|NET BOOK VALUE||
|At 30 September 2021|7,102,464|
|At 30 September 2020|6,760,919|
||||Land and|
|---|---|---|---|
||||buildings|
|Valuation|in|2021|240,045|
|Valuation|in|2017|3,440,340|
|Cost|||3,422,079|
||||7,102,464|
##
|13.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2021|2020|
||Trade debtors||14,916|7,101|
||Other debtors|||1,289|
||Prepayments
and accrued|income|3,279|38,594|
||||18,195|46,984|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||2021|2020|
||Bank loans and overdrafts|(see note 16)|58,S69|50,616|
||Trade creditors||92,013|12,234|
||Social security and other taxes||2,160||
||Other creditors||10,284|9,869|
||Accruals and deferred income||33,053|13,396|
||||196,379|86,115|
|15.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR||||
||||2021|2020|
||Bank loans (see note 16)||1,061,145|1,069,287|
|16.|LOANS||||
||An analysis ofthe maturity|ofloans is given below:|||
||||2021|2020|
||Amounts
falling due within one year on demand:||||
||Bank loans||58,869|50,616|
||Amounts
falling due between two and five years:||||
||Bank loans - 2-5 years||256,838|225,939|
||Amounts
falling due in more than five years:||||
||Repayable by instalments:||||
||Bank loans greater than 5|years|S04,307|843,348|
##
||2021|2020|
|---|---|---|
|Within one year|8,0S5||
|Between one and five years|30,950||
|In more than five years|52,101||
||91,136||
##
|||2021|2020|
|---|---|---|---|
|Bank|loans|1,120,014|1,119,903|
##
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##
|MOVEMEN|T IN FUNDS||||
|---|---|---|---|---|
||||Net||
||||movement||
|||At 1.10.20|in funds|At 30.9.21|
|Unrestricted|funds||||
|General fund||2,881,916|22,909|2,904,825|
|Revaluation|Reserve|3,440,340|260,045|3,700,3S5|
|||6,322,256|282,954|6,605,210|
|TOTAL FUNDS||6,322,256|282,954|6,605,210|
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||635,477|(592,568)|(20,000)|22,909|
|Revaluation|Reserve|||260,045|260,045|
|||635,477|(592,568)|240,045|282,954|
|TOTAL FUNDS||635,477|(592,568)|240,045|282,954|
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between||
|||At 1.10.19|in funds|funds|At 30.9.20|
|Unrestricted|funds|||||
|General fund||2,819,040|43,714|19,162|2,881,916|
|Revaluation|Reserve|3,459,502||(19,162)|3,440,340|
|||6,278,542|43,714||6,322,256|
|TOTAL FUNDS||6,278,542|43,714||6,322,256|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||375,913|(283,641)|(48,558)|43,714|
|TOTAL FUNDS||375,913|(283,641)|(48,558)|43,714|
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