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2023-03-31-accounts

Contents Page
Registered 5ocial Housmg Provider Information
Trustees Report 4-24
Independent Auditor's Report 25 23
Statement ol Comprehensive Income 29
Balance Sheets 30
Statement ofChanges Iri Equity/ Reserves
Statement oi Cash Flows 32
Notes to the Financial Statemenh 33-49

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rn Pa￿ 15

TJ PèBq 16

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Funder Amount fg) Ares of work fg) Ares of work
Woodward
Foundation		 2,500 Townsend
Youth Partnership
care costs
Oenefact Trust 22,000 Counseging
Gmfleld Weston 80,000 Youth work - Townsend Youth
over 2 Partnership
year'5
KFC Community Grants I,996 Youth work - Townsend Youth
Partnership
Speaking Volumes Trust 250 Chaplaincy resource~
DCF - Wessex Water Nature Fund Chat terboxas for planters and
plants
Awardsfor
AO		 10,0DO Volunteering
Nationwide
Community		 Fund 43,621 Housing move. on coachand
su
art
PCC Commissioner Dorset 5,IKID Youth work
Alice Cooper Dean 10,000 tnnovation Hub/Youth Work
Garfield Weston 8,802 Air Source Heal pump-
Sandylrolme
Arnold
Clark		 l,lXIO Air SOurre Heal pump-
Sandylsolme
Wessex Water Community grants 3,0DO Youth work core costs
The Nelghbaurhood Fund 5,000 youth work core.costs

VFM Matrix 2023 ZOZ2 2020/2021 Benchmark
1 Reinvestment 0.07% 2,99% 2.7016 4.20'%
(Total capax incl purchase of new
properties
and
CAPSIZE on existing		 properties
as%of housing properties
at		 costi
2a Navr supplydegvered-Social housing 5.26% 0,00% 0.7D%
2b New supply
delivered
- non social		 housing D.00% 0.00%
3 Gearing 27.60% 27.79% 19.94% 30.50%
EBITDA 475 OO% 280,00% -110.00% 225%
5 IleadBne sorel liousing «ost per unit E8,113 E16,719 E16,126 E4,520
6a Operaung
margin
ISoclat liouslng		 lettirngsl% 49.47% 14.53% 28.43'% 25.20%
Bb Operatingmarginloverag)% 49.47% 14.53% 28,43% 24.6011
excluding
sale of fixed assets
7b ROCE (overag) 23.93% 13.34% 2.60% 330%

Group Group Association Association
Period 01.04.22 Period 01.04.21 Period 01,04.22 Period 01.04.21
to 31.03.23 to3).0322 to31,03.23 lo 31.03.22
Total Total Total Total
Note EOOD EOOD 6000 EOOD
Turnover 6,204 5,758 6,112 5,669
Cost of sales (S,gl I) (5,506) (5,731) (5,412)
Operating surplus / (deficit) 393 381 257
Interest receivable and similar income 4 1 1
Interest payable and similar charges 4 (110) (1101
Insurance claim 187 187
Surplus/ (deficit) for the year 588 347 576 352
Total comprehensive income for the year 588 347 576 352

for the Yea r Ended 31 March 2023
Group Group Association Association
2023 2022 2023 2022
Total Total Total Tot aI
Note EOQO FQOO EOOD
Fixed assets
Intangible
asmts
Tangible
assets		 9,10 6 r74 6,491 6,435 6,346
6,574 6,491 6,435
current assets
Stocks ll 6 6 6 6
Debtors 12 756 497 757 497
invesunents 13 501 500 501 500
Cash at bank and In hand 1,178 952 1,047 829
2,441 1,955 2,311 1,832
Cradltms: amounts falling due within one year (1,037) (i,otal (992) (958)
Net current assets / (liabglties) 941 1,319 874
Total assets less current Rnbgltias 7,978 7,437 7,754 7,220
Creditors; amounts faulng due after more than one year (3,833i (3,875] (3,833) (3,875)
Total net nssets / (Rabigtles) 4,145 3,557 3,921 3,345
Reserves
Income and expendihn'e reserve 17 3,346 2,739 3,161 2,563
Revaluation reserve 17
Restricted
resfrrve		 17 37 11
Designated reserve 17 750 781 749 781
Total reserves 4,145 3,557 3,921 3,345

Group Income and
expendrture Revaluation Restricted Designated
reserve reserve reserve reterve Total
f000 EOOD EOOD EODO
At 31March 2021 2,361 37 812 3,210
Surplus/(deRiclt)
for		 the year 378 (31) 347
Total comprehensive income 378 (31) 347
Transfers
At 31March 2022 2,739 37 781 3,557
Surplus /(degclt)
for		 the year 597 23 (32) 588
Total comprehensive Income 597 23 (32) 588
Transfers (see note 17) 10 (II) 1
At 31March 20Z3 3,346 49 750 4,145
Association Income and
expenditure fleveluallon ftestricted Designated
reserve reserve reserve reserve Total
EOOD EDOD EOOD EOOD EOOD
At 31March 2021 2,180 1 812 2,993
Surplus / (deficit) for the year (31) 352
Total comprehensive income 383 (31) 352
Transfers
At 31March 2022 2,563 781 3,345
Surplus /(defidt)
for the year		 598 10 (32) 576
Total comprehensive income 598 10 (32) 576
Transfers (see note 17)
At 31March 2023 3,161 749 3,921

for the Year Ended 31 March 2023
Group Group
Period 01.04.22 Penod 01,D4.21
to31.D3.23 io 31.D3, 22
Note 1000 1000
Cash flow from operating activities 18 781 670
interest pard (64) (110)
Net cash flow from operating
activities		 717 560
Cash flow from investing activities
Payments
tn acquire tangible
fixed assets		 (395) (222)
interest received 7 1
Proceeds from sale of investment 1
Net cash flaw from investing
activities		 (388) (220)
Cash llaw from financing activities
New loans
in the year
Repayment
ofloans		 (102) (475)
Net cash flow from finaming
activities		 (1D2) (475)
Net increase/(decrease) in cash and cash equivalents 227 (135)
Cash arid cash equivalents at 1April 2022 1,452 1,587
Cash and cash equivalents at 31March 2023 1,679 i,452
Cash and cash equivalents consists of:
Cash at bank and in hand 1,178 952
Short term deposits 13 501 500
Cash and cash equivalents *t31March 2D22 1,679 1,452

Land n/a
Core building 100years
Roof BDyears
Wlrldows 25years
Kitchens 25 years
Bathrooms 25vears
Boger/heating 15years
Electrics 20years
Lift 25 '/ems

Sod at housing turnover
and costs		 Sod at housing turnover
and costs
Group and Association
Period 01.04.22 I'eriod 01.04,21
to 31213,23 to 31.03.22
f000 6000
Rent~ receivable
excluding		 service charges 2,155 1,872
Revenue grants receivable 1,689 1,804
Capital grants receivable
Social housing
activity expenditure		 (818) (977)
Operating
surplus/(deficit)		 from social housing activities 988 1,085
Net surplus
/ (deficit) from		 social housing activities 905 428
Void losses (189l (151)
Arnortited
government
grants		 14 14
Other government
granh		 recognised
3 Accommodation
owned and ln management
Accommod ation own ed an d ln management
Group and Association
Number of Number of
units at units et
31March 31March
2023 2022
Completed units:
Supported housing
Hostel 73 73
Belts Flats 22 22
Trafford House 14 14
Bournemoutii Road 5 5
114 224

Interest and other An ance Incom ance Incom ance Incom ance Incom e and cha e and cha rges- Group end As sodati on
a) Interest receivable and srmgar income Gr'oup 6 mop Association Association
Period 0104,22 Period 01.0422 Parlod 010422 Period 010421
to 31.03.23 to 31.03,22 to 31.03,23 to3I.03.22
CODD EOOD EOOD f.ODD
Bark interest receivable 7 1 7 1
b) Interest payable
and		 similar charpes Group Group Association Association
Period 01,04.22 Period 01.04.21 Period 01.04.22 Period OL04 21
to 31.03.23 to 31.03.22 to31,03,23 to 31.03 22
EOOD EOOD EOOD 1000
Bank charges and otherinterest 58 39 58 39
I-krvsing loan irtterest (59) 71 (59) 71
(Tl 110 (1) 110
The prror year housing lour Interest Agur e included charges for early settlement off64907 as this was considered to be
payable
This was reversed		 In this Financial yr ar as tire loan was no longer bmng considered for early payment.
Surplus/
(defldt) on		 ordinary activities
Surplus/(dehclt)
on ordinary		 activities is staled aiter charging /(crediting)i
Group Group Amoclatlon Association
PeriOd 010422 Period 0)04,21 Period 0104.22 Perlod 0104.21
to 31.03.23 to 31.03.2? tO31.03.23 to 3103.22
EOOD EOOD 1000 EOOD
Auditor's
remuneration		 (rncludlng expanses and benefits
ln kind) for audit 24 21 18 17
Auditor's
remuneration		 (including expenses and beneAts
ln kiml) for non-audrt 7 6 7 6
Depreciation
oftangible		 fixed assets 269 336 249 317
Impairment
of tangible		 fixed assets 43 43
Amor tlsatlon ofgoodwAI
Operating lease rentals 35 35 35
ProAI
/(loss) on sale offixed assets		 (8) (8I

The average rnontlily rnontlily rnontlily number nf employees, Including members of the executive team, during the year was as follows:
Period 01.04.22 Period 01.04.21
to 31.03.23 to 31.03.22
Number Number
lvlanagement and administration 20 20
Development 2 1
Housing,
support		 and «are 26 28
Non- housing operations 40 56
88 105
The ag gregate
remuneration
nf such employees
(Associa		 tion)
was as follows.
Period 01.04.22 Period DL04.21
to31.03.23 to 3L03,22
EOOD EOOD
Wages and salaries 2,731 2,667
Social security 199 186
Odier pension costs 147 150
3,077 3,003
The number
of eniployees
who received more than E60
follows:		 ,000as their employee package (excluding
pensions co		 sts) are as
Pmlod 01,04.22 Period 01.04.21
to 31.03.23 to 3103.22
Number Number
EG0,001-E70,000
E70,0D1 - E80,000
E80,001 ~ E90,00D

Intangible
fixed assets - Group end Association
Goodwill intel
EOOD EOOD
1:ost:
At I. r pnl 2022 32 32
Additions
At 31 ti'larch 2023 32 32
hmortisallon.
At 1April 2027. 32
Charge for the Year
Al 31March 2023 32
Het hook value'
At 31March 2023
AI 1 April 2022
Tangible lixed a ssets ~ Housing properties
~ Group and Association
Housing
pi'oper ties fo( Total
lettmg
EDOD EDDO
Cost;
At 1April 2022 5,654 5,654
Addnions: completed properties acmiired
Aijditions: woiks lo existing properties
Rec(asstficatfon tram Fieeiiold properly
At 31Marcii 2023 5,656 5,656
Depreciation.
At 1April 2022 (2,167) (2,167)
Charge for the year (109l (109)
EDmimted
on dlspomls
At 31March 2D23 (2,276) (2,276)
Net hook value.
AI 31Marcti 2023 3.380 3.380
At 1Apnl 2022 3,487 3,487

The net book value of land and burldings rom prised;
2023 2022
EOOD EOOD
land and buildings. '
Freehold 3,380 3,487
Long leasehold
Short leasehold
3,380 3,487

Tangible fixed asset~. o ther
Group Freehold Short
Assets Under Land and Freehold Leasehold
Construction bulldrngs Improvements improvements Equipment Motor vehicles Total
EOOD 6000 EOOD EOOD EOOD EOOD EOOD
Cost:
At 1April 2022 2,749 962 584 2,411 20 6,726
Additions 314 1D 13 51 5 393
Dlsposals (95) (95)
Impairment (1,326) (1,326)
Aeclasslficadon (37) (16) (53)
At 31tvlarch 2023 314 2,712 956 597 C041 25 5,645
Depreciation:
At 1April 2022 (735) (785) (71) (2,116) (15) (3,'722(
Charge for the year (61) (23) (10) (65) (I) (160)
EOminated
mt disposal		 95 95
Impairment 1,283 1,283
Reclmsification 53 53
At 31March 2023 (796) (755) (81) (803) 16) (2,451)
Net book value.
At 31March 2023 314 1,916 201 516 238 9 3,194
At 1April 2022 2,014 177 513 295 5 3,004

Tangible
Dxed assets - ot
Total group tangible
lixed		 her - continued
asset:',
2023 2022
EDOID EOOD
Housing
properttes		 3,380 3,487
Other 3,194 3,004
6,574 6,491
Association
Freehold Short
Assets under Land and I reehold Leasehold
Construction buildings Improvements lniprovements Equipment Motor vehicles Total
EODO E ODD EOOD EDOO EOOD EODO EOOD
Cost.
At 1April 2022 2,360 962 584 2,295 20 6,221
Additions 314 10 13 37 5 3'79
Disposals
Impairment (1,326l (1,326)
Redassif ication (37) (16) f53)
At 31March 2023 314 2,323 956 597 C006 5,221
Depreciahon.
At 1April 2022 (489) (784) (7if (2,003) (15f (3,362)
Charge for the year (47) (231 (101 159) (1) (140)
Eliminated
on disposal
Impairment 1,283 1,283
Reclassifiration 53 53
Al 31March 2023 (536) (754) f81) f779) (16l (2,166)
Net book value,
At 31March 2023 314 1,787 516 227 9 3 055
At 1Apnl 2022 1,871 178 513 292 5 2,859
Total association tangible fixed assets
2023 2D22
EDOO EOOD
Hooting properties 3,380 3,487
Other 3,055 2,859
6,435 6,346
11 Stocks
2023 2022
EOOD EOOD
Finished goods 6
6 6
12 Debtors
Group Group Assodatlon Awociation
2023 2022 2D23 2022
EOOD EODO EOOO EOOD
Trade debtors (gross social housing rent arrears) 220 146 220 146
Trade debtors (others) 244 247 238 245
Amounts
owed by		 group undertakings 7 4
Prepayments
and accrued		 income 292 104 292 102
756 497 757 497
13 Current emet investments - Group and Assodatlon
2023 2022
6000 EOOD
Listed investments
Short term deposits 501 500
501 500
14 Creditors; amounts faBlng due within one year
Group Group Association Association
2023 2022 2023 2022
EOOD E ODD FOOD EOOD
Hausirngloans 7 122 7 122
Bankloans 35 36 55 36
trade creditors 289 201 289 199
Deposits received in advance 10 17 10 17
Other tax and souci security 49 52 49 52
Social Housing Grant not spent 14 14 14 14
Other credhors 20 21 20 21
Accrua le and deferred income 613 551 568 497
1,037 1,014 992 958

2023 2022
EOOD 6000
Rank loam 840 876
Housing loan~ 50
Social Housing Grant not spent 1,761 1,775
Accruais and deferred income J,182 1,224
3,833 3,875

Group
Mirdmurn
lease paymenls		 under non-cancellable operatmp leases fall due as follows. ' 2023 2022
EOOD E000
Within one year 28 19
Oetween one and five years i'7 14
More titan five years
105 33

Recon cgi at
Droup		 io n ofmovem ent
in funds		 in«orna
As at As at
01/04/2022 Expenditure Transfers 31/03/2023
ED OD f000 EOOD f000 EOOD
Unrestricted funds
Irtcome and expenditure account 2,739 6,274 (5,677) 10 3,346
Designated funds.
Rent deposit reserve 10 9
Capital expenditure 50 5D
Depreciation reserve 721 (31) 690
Townsend Equipntent and Storage 1
3,520 6,274 (S,709) 11 4,096
Restricted funds
RC C(tatterboxes
(Lottery funded)		 1 110 (100) 11
Pokesdown Community Youth Centre restricted 36 36
reserves
Townsend Renovation 14
37 124 (101) 11) 49
3,557 6,398 (5,810) 4,145
Association As at As at
01/04/2022 Income Expenditure Transfers 31/03/2023
EOOD EOOD EOOD f000
Unrestricted funds
Income and expenditure account 2,563 6,196 (5,598) 3,161
Designated funds.
Rartt deposit reserve 10 (1) 9
Depreciation reserve 721 (31) 690
Capital expenditure 50 50
3,344 6,196 (5,630 3,910
Restricted funds
RC Ch*tterboxes
(Lottery funded)		 1 110 (100i lt
1 110 (1D0) 11
3,345 6,306 (5,730) 3,921

Comparative raconclgatlon raconclgatlon raconclgatlon of movement in funds
Group As at A» at
01/04/2021 income Expenditure Transfers 31/D3/2022
EOOD EOOD EOQQ EOQQ EQQO
Unrestricted funds
Income and expenditure account 2,361 5,873 (S,il95) 2,739
Designated
funds.
Rent deposit reserve 10 10
Capital expenditure 50 5D
Depreciation reserve 752 (33) 721
3,173 5,873 (5,526) 3,520
Restdcyed funds
RCChatterboxes
(Lottery		 firnded) (90) 1
potesdowri Community youUi Centre restricted 36
reserves
37 90 (90
3,210 5,963 (5,616) 3,557
Amoclatlon
As at As at
01/04/2021 Income Brpandlture Transfers 31/03/2022
f000 1000 f000 EOQO EODO
Unrestricted funds
Income and expenditure account 2, 180 5,784 (5,401) 2,563
Designated
fundu
Rant deposit reserve 10 10
Depreciation reserve 752 (31) 721
Capital expenditure 50 50
2,992 5,784 (S,n32) 3,344
Restricted
funds
RC Chatterboxes
(tottery		 funded) 90 (90)
90 (90)
2,993 5,874 (5,522l 3,345

Reconcglatlon
of operating s		 urplus/
(de		 Rclt) to cash flow from operating
acti		 vities
Group Group
2023 2022
EOOD EOOD
Surplus/(defidt)
for theyear		 588 347
Interest payable 64 110
Interest received (7) (1)
Depreciation
and impairment		 of tangible fixed assets 312 336
Amortisation
and impairment		 oftangible fixed assets
toss on sale of fixed assets 8
(Increase) / decrease in stock (3)
(Iricrea eel
/ decrease in trade		 and other debtors (259) (164)
Increase /(decrease)
in trade		 and other creditors 83 37
Net cash flow from operating activities 781 670

Pokesdown
Community
Youth Centre		 Pokesdown
Community
Youth Centre
Subsidiary
name		 Pokesdown Community Youth Centre
Charity registration
number		 301918
Basis of control Solo trusteesiilp
Total assets as at 31March 2023 EI I5,122
Total liabilities as at 31March 2023 620,297
Total funds as at 31 March 2023 E94,825
Income for the year to 31
M err h 2023		 E48,824
Expenditure
for the		 year to 31 March 2023 E39,409
Surplus
for the year		 to 31March 2023 E9,415
Townsend
Youth Partnership
Subsidiary
name		 Townsend Youth Partner ship
Ciiarity registration number 1093213
Compmiy
reglstrauon		 num bo 04236016
Basis of control Sole trustee~hip
Total assets as at 31 March 2023 E163,016
Total liabilities M at 31Mar«h 2023 E32,138
Total funds as at 31 March 2023 E130,878
Income for the year to 31March 2023 E62,924
Expenditure
for the		 year to 31March 2D23 E59,288
Surplus
for the year		 to 31March 2023 E3,636

Group Group Group Assodatlon Assodatlon Association Association
2023 2022 2023 2022
6000 EOOD
Financial assets
Debt instruments measured at amortised cost.
- Trade debtors (note 12) 464 393 45B 391
Amounts
owed		 by group undertakings (note 12) 7 4
464 393 465 395
Flrioncioillobllltles
Measured
at fair		 value through the statement ofcomprehensive
income:
~ Housing
loans		 (notes 14-15) 57 122 57 122
57 122 57 122
Debt Instruments nice sured at amortised cost:
.Trade creditors (note 14) 289 2D1 2S9 199
- Other creditors (note 14) 20 21 20 21
309 222 309 220
The Income, expenses, net gains and net losses attributable to the Registered Provider's financial instruments are summarised as
follows:
Group Group Assodatlon Association
2023 2022 2023 2022
EOOD EOOD EDOO EOOD
Income ond expense
Financial
liabilities		 measured at fair value through the statement of
comprehensive income 59 (71) 59 (71)