2022-03-31-accounts - First Fruit

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Peter Sell (Chairman)
Bruce Stokes (Resigned	8th August 2022)
Christina Baby (Managing		Director)
Charles Oham
)ulia Acott
Pia Ellis
Mark Clemente (Appointed		21st February	2022)

				Unrestricted	Restricted	TOTAL	TOTAL
			Notes	Funds E	Funds I	2022/21 I	2021/20 6
INCOME AND ENDOWMENTS		FROM:
Donations and Legacies			2.a	575,575		575,575	88,775
Investments			2.b	37		37	239
Charitable Activities			2.c	1,032,965	1,550	1,034,515	998,322
Other			2.d				1,289
TOTAL INCOME				1,0,5	1,550,610 1 7		1,088,625
EXPENDITURE ON:
Charitable Activities			3.a	948,252	1,550	949,802	892,771
TOTAL EXPENDITURE				948 252		9802	89
NET INCOME/(EXPENDITURE)				660,325		660,325	195,854
RECONCILIATION	OF FUNDS:
Total Funds Brought	Forward		11	1,267,802		1,267,802	1,071,949
TOTAL FUNDS CARRIED FORWARD				192.1 7		1 7	1

its expect	ed life. The rates used	are:
		First	Fruit	lust Homes
		(Charitable	company)	(subsidiary	Charitable	company)
		2022/21	2021/20	2022/21	2021/20
Fixtures and Fittings					25%	25%	straight	line
Motor Vehicles		25%	25%		25%	25%	straight	line
Computer	Equipment	33%	33%		33%	33%	straight	line
Leasehold	improvements				25%	25%	straight	line
Computer	Soltware				25%%ua	25%	straight	line
Freehold	Property						straight	line

				FOR THE	YEAR ENDED	31STMARCH 20	31STMARCH 20	22
2.INCOME AND ENDOWMENTS				FROM;		Unrestdcted		Restricted	TOTAL	TOTAL
					Notes	Funds I		Funds	2022/21 I	2021/20 I
a) Donations and		Legacies
Donations							575		575	3,724
GiR Aid Tax Reclaimed			(on current	and prior year/s	donations)					7,575
Grants -	Lempriere	Pringle				575,000			575,000	75,000
Grants -	Other									2,476
						575	575		575 575	88 775
b) Investments
Bank Interest							37		37	239
									37	239
c) Charitable Activities
Housing:	Housing	Benefits and Social Services Payments				1,011,786			1,011,786	995,595
Housing:	Income for		Residents					1,550	1,550
Clothes	Recycling: Sale ofCollected Clothing					4,044			4,044	2,684
Cah						17,135			17,135	43
						I 032	965	I 550	1,034,515	998,322
d) Other
Bad Debt	Recovered									1,280
Sundry Income										9
										1.289

		FOR THE YEAR	ENDED	31STMARCH 20	22
3.EXPENDITURE ON:				Unrestricted	Restdcted	TOTAL	TOTAL
				Funds	Funds	2022/21	2021/20
			Notes	E	E	E	E
a) Charitable	Activities
Direct Costs
Housing				676,960	1,550	678,510	711,070
Clothes Recycling				386		386	32
Cafe (Note: 2021/20 is refund		of prior year expenditure)		10,802		10,802	(581)
Small Grants				190		190	1,200
Support, Advice and other related costs			3.b	198,635		198,635	164,051
Governance	Costs
Accountancy	and Bookkeeping	Fees		5,296		5,296	6,409
Audit Fees				9,000		9,000	9,840
Legal and Professional Fees				46,983		46,983	750
				948 252	1,550	949,802	892,771

			2022/21	2022/21	2021/20	2021/20
			E		E
Cleaning				320		100
Computer	software			389		305
Depreciation			56,590		48,132
Insurance			1,037			997
office equipment				206	1,213
Other				716	1,533
Mortgage	Interest		22,066		11,998
Payroll				130		50
Postage and stationery				984	1,048
Refreshments				260		274
Salaries and		NI	113,415		95,913
Staff lunch				252
Subscriptions				800		748
Training						834
Travel			1,244			643
Van Expenses						263
Volunteers				167
Website				59
			198	635	164	051

						Social	Management	TOTAL
						Enterprises	Oversight
						(Cafe)	)ust Homes	2022/21
						E	E
Support,	Advice	and	other	related	costs	49,659	148,976	198,635
						49.659	148.976	198635

This is s	tated	aRer charging:
											TOTAL	TOTAL
											2022/21	2021/20
											f
Auditors'	remuneration - audit										9,000	9,840
Depreciation		-Tangible Fixed	Assets								56,591 5,5	48,132 7,972
5.(a) TANGIBLE FIXEDASSETS - GROUP
			Freehold		Freehold	Leasehold		Fixtures and		Motor	Computer	Sub-
		0		WW d ttaad f	natbe Oava E	improvement. E			Fhtlttgs f	Vehicles f	Equipment f	Total E
		Tttt: GGL409429			Ttttat GGI201093
Cost Additions		01-Apr-21		500,000	577,D12		227,861 111430		23,736	48,643	30,826	1,408,078 111430
Cost at		31-Mar-22		500.000	577.012		339 291		23 736	48 643	3D 826	1519508
Depreciation		01-APr-21		17,397	46,160		220,506		21,495	23,571	30,826	359,955
Charge Depreciation at		31-Mar-22		1D,OOO /	11,540 57 700		14460		1082 22 5	9716 32,78	0 826	46,360 406 255
Net Book	Value	31-Nar-22		472 603	519,312		104325		1,159	15,854		1.113.253
Net Book	Value	31-Mar-21		482,603	530,852		7,355		2,241	25,072		1,048,123
			Freehold		Freehold		Sub-		Total
		Sbtawabvty Raat			Browning Road		Total
							E
		Tttt		t RG134043	Ta:0G1301199
cost		01-Apr-21							1,408,078
Additions				193500	625 000		818 5QD		929 930
cost at		31-Mar-22		193500	625000		818 SDO		338 008
Depreciation		01-Apr-21							359,955
Charge				3510	6781		10291		56591
Depreciation at		31-Mar-22		3510	6781		10291		416 546
Net Book	Value	31-Mal'-22		189g9D	618219		808 209		1921462
Net Book	Value	31-Mar-21							1,048,123
5.(b) TANGIBLE FIXEDASSETS - CHARITY
			Freehold		Freehold	Freehold		Freehold		Motor	Computer
		sbtawabuty Roat E			etawatng Road I	Cumberland Road E		Plaabat Grove f.		Vehicles f.	Equipment f	Total
		ttGW W0134043			Wd 4 Csttaataa	wa	t 001409429	tttt	t GG1201093
Cost Additions Cost at		01-Apr-21 31-Mar-22		193 5DQ 193500	62S 000 625 ODO		500,00D 500 QDO		577,012 577 012	36,869 36869	21,194 21194	1,135,075 818 500 1953575
Depreciation Charge Depreciation		01-Apr-21 31-Mar-22		3 510 3 510	6,781 6,781		17,397 10000 27 397		46,160 11540 57,700	11,798 9,217 21,015	21,194 21 194	96,549 41048 137S97
NBV		31-Mar-22		189990	618219		472 603		S19312	1S 54		1815978
NBV		31-Mar-21					482,603		530,852	25,071		10381526

												Holding		Valuation	Valuation	Histoncal
(a) Unlisted		investments			comprise of:									01/04/2021 I	31/03/2022 I	CostI
		First		Fruit	Trading		Ltd					100%		1,000	1,000	20,000
(b) Subsidiary			undertakings				which		have	been
included	in	the	consolidated			financial			statements
are:
Sefore adjusting				for intercompany					management		charges
											Asplm	)ust Homes		First Fruit
											Community	Charity		Trading Ltd
											Enterprise
											Ltd
Nature of	Control										Appointment	Appointment		100%
											ofdimctors	of directors		sharehoiding
Nature of	Activities										Clothing	Housing		Natural
											Collection I	projects I		Harvest Cafd I
Net assets											9,061	504,453		8,836
Turnover											4,045	1,063,840		17,135
Expenditure											2,840	900,039		25,327
Prolit/(Loss)		for the		year							1205	163801		8 192
After adjusting			for intercompany					management			charges
											Aspire	)ust Homes		First Fruit
											Community	Charity		Trading Ltd
											Enterprise
											Ltd
Nature of	Control										Appointment	Appointment		100%
											ofdirectors	of directors		shareholding
Nature of	Activities										Clothing	Housing		Natural
											Collection I	projects I		Harvest Cafd f
Net assets											5,461	504,453		8,836
Turnover											4,045	1,013,840		17,135
Expenditure											1.040	698039		12327
Profit/(Loss)		for the		year							3 05	315	2	4808

	Total	Total	Total
	31-Mar-22		31-Mar-21
	E		E
Other Debtors		989
FAYE AND NI		814		815
Frepayments		277		277
Staff Loans		200		100
Trade Debtors	25,528		28,865
	27	808	30	057

Total	Total
31-Mar-22	31-Mar-21
E	E
10,100	1,800
277	277
10377	2 077

			Group	Group
			Total	Total
			31-Mar-22	31-Mar-21
			E	E
Deferred Income			8,458	75,000
Accountancy	Fees		6,198	5,460
Audit Fees			7,800	9,840
Independent	Examination	Fees
Other Creditors			16,860	4,156
Taxation			283	32
Trade Creditors			8,642	155
Mortgage			45,121	11,011
			93362	105654

Charity	Charity
Total	Total
31-Mar-22	31-Mar 21
E	E
	75,000
2,430	2,400
4,500	5,040
33	106
45,121	11,011
52 084	93 557

B.a) CREDITORS AND AC AFTER ONE YEAR	CRUALSi AMOUNTS FALLING	CRUALSi AMOUNTS FALLING
	Group			Charity
	Total	Total	Total		Tata l
	31-Mar-22	31-Mar-21	31-Mar-22		31-Mar-21
	E	E	E
Mortgage	956,997	369,748	956,997		369,748
	956997	369748	956	997	369 748

time and resources.	T	he	amou	nts paid (or p	ayable) ara detailed	bel	ow:
							2022/21	2021/20
							E	E
Just Homes Charity							90,000	90,000
First Fruit Trading Aspire Community	Ltd Enterprise			(East Landon)	Ltd		13,000 I BDD	1,BOD
							104 BDD	91800
Just Homes Charity	also		paid	rent to First Fruit for the following		properties:
							2022/21	2021/2D
							E	E
Plashet Grove							36,000	36,000
Cumberland Road							36,000	36,000
Shrewsbury Road							6,000
Browning Road							24,ODD
11.STATEMENT OF		FUNDS
Statement of Funds								Current Year
					Balance		Income	Expenditure	Gains/(Losses)	Balance
					01-Apr-21 E			E	E	31-Mar-22 I
Unrnutf)gtEILEIEU(E General Unrestricted		Funds			1267 802		1608 577	948.252		1.928.127
IISEII(SDIEj3LBdE Women's Work (Madeline			House)				1550	1550
							1550	1550
TOTAL OF FUNDS					1267 802		1610 127	949802		1.928.127
Statement of Funds								Prior Year
					Balance		Income	Expenditure	Gains/(Losses)	Balance
					01-Apr-20 E					31-Mar-21 I
QntnatdsEIS(J)IDEE General Unrestricted		Funds			1.071,949		1088 625	892771		1,267.802
El@I~i/ fnrIEE
Women's Work (Madeline			House)
TOTAL OF FUNDS					1071949		1088 625	892 771		1.267.802

Summary		offunds			Current Year	Current Year
				Balance	Income	Expenditure	Gains/(Lasses)	Balance
				01-Apr-21 I		f	f	31-Mai 22 f
Generalfunds				1,267,802	1,610,127	(949,802)		1,928,127
Restricted		funds
				1267 802	1610127	949802		1928127
						Prior Year
				Balanes	Income	Expenditure	Gains/(Losses)	Balance
				01-Apr 20 f		f	f	31-Mar-21 E
General	funds			1,071,949	1,088,625	(892,771)		1,267,802
Restricted		funds
				1071949	I 088 625	892 771		1267 802
13.ANALYSIS OF NET ASSETS BETWEEN FUNDS
						Current Year
					Unrestdicted	Restricted	Total
					Fund	Fund	TOTAL
					E	f	f
Tangible		Fixed Assets			1,921,462		1,921,462
Current assets					1,057,024		1,057,024
Creditors		due within	one year		(93,362)		(93,362)
Creditors		due in more than ane year			(956,997)		(956,997)
					1928.127		I 928,127
						Prior Year
					Unrestricted	Restricted	Total
					Fund	Fund	2019
					f		f
Tangible		Fixed Assets			1,048,123		1,048,123
Current assets					695,081		695,081
Creditors		due within ane year			(105,654)		(105,654)
Creditors		due in more than one year			(369,748)		(369,748)
					1267 802		1.267 802

		FO	R	THE Y	EAR	ENDED 31	STMARCH 202	2
							2022/21	2021/20
							I	I
Cash provided by/(used in) operating			activities			(a)	706836	245 161
Cash used from investing activities
Interest income							37
Purchase oftangible fixed assets							(929,930)
Cash provided by (used in)
investing activities							929893
Cash flows from financing activities
Repayment of long term borrowing								(11,011)
Cash inflows from new long term	borrowing						587,249
Cash used in financing activities							587,249	(11,011)
Increase/(decrease) in cash and
cash equivalents in the year							364,192	234,150
Cash and cash equivalents at the
start ofthe year							665,024	430,874
TOTAL cash and cash equivalents
atthe end ofthe year						(b)	1,029,216	665,024
(a) Reconciliation of net movement		in	funds to		net	cash flow	from operating	activities
							2022/21	2021/20
							I	I
Net movement in funds							660,325	195,853
Add back depreciation charge							56,591	48,132
Deduct interest income shown
in investing activities							(37)
Decrease/(increase) in debtors							2,249	(6,600)
Increase/(decrease) in creditors							(12,292)	7,776
Net cash provided by/(used in) operating				activities			706836	245 16i,
(b) Analysis ofcash and cash	equivalents
							2022/21	2021/20
							6	I
Cash at bank and ln hand Total cash and cash equivalents							1029 216 I 029 21	665 024 50 4
At start		Cash		flows	Acquisition/		New	Fair value		Foreign		At end
ofyear					disposal of		finance	movements		exchange		ofyear
	6			6	subsidiadies 6		leasesI	I		movements I		6
Cash 665,024			364,192			0	0		0		0	1,029,216