2021-03-31-accounts - Park Lodge Project

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				INDEX TO THE
			FINANCIAL STATEMENTS
				FOR THE YEAR ENDED
				31MARCH 2021
						Page
Charity Reference and		Administrative		Details
Trustees Annual Report (Including			Director's Report and Strategic Report)			2-8
Independent Examiner's		Report
Statement ofFinancial		Activities (Including Income and Expenditure			Account)	10
Balance Sheet						11 - 12
Statement ofCashflows						13
Notes to the Accounts						14-20
Income &Expenditure		Account for	the year ended 31March 2021			21
Income &Expenditure	Account for		the year ended 31March 2020			22

(LIMITED BYGUARAN	(LIMITED BYGUARAN	(LIMITED BYGUARAN	(LIMITED BYGUARAN	TEE)
Charity Reference and Administrative Details for				the year ended 31March 2021
Charity Name:			Park Lodge Project
Charity Registration		Number:	1086450
Company Registration		Number:	03910612
Registered	Office and
Operational	Address:		2 Central Avenue
			Clarendon Park
			Leicester
			LE2 1TB
Trustees (and Directors):			David Pollard	(Treasurer)
			Ciaran Davidson
			Nigel Oldman
			Deborah Lockton
			Rod Moore	(Chair)
			John Olaleye
Management	Team		Edward Bailey	Chief Executive Officer
			Helen Miller	Service Manager
			Michelle Brown	Service Manager
Independent	Examiners		Celerica Ltd, Chartered	Certified Accountants
			The Old Chapel, 9A Kempson Road
			Leicester LE2 8AN
Bankers:			National Westminster,	1 Granby Street
			Leicester, LE16EJ

Elizabeth Barner	(resigned 2.11.20)	Nigel Oldman
Bryan Merton	(resigned 2.11.20)	Rod Moore	(Chair)
David Pollard	(Treasurer)	Deborah Lockton
Ciaran Davidson		John Olaleye

				(includ	ing income and	expenditure	expenditure	account)
					2021	2021		2021	2021	2020
					Unrestricted	D~esi	ated	Restricted	Total	Total
				NOte	Funds	Funds		Funds	Funds	Funds
					8				8
Income and	endowments
Voluntary		income			43,131			52,802	95,933	8,576
Charitable		activities			791,099				791,099	834,003
Invesnnent		income			2				2	1,455
Other
Total Income		and endowments			834,232			52,802	887,034	844,034
Expenditure	on:
Raising funds
Charitable		activities		5	821,367		17,799	52,802	891,968	824,424
Other
Total expenditure					821867		17,799	52,802	891,968	824,424
Net income (deficit)					12,865	(17,799)		—	(4,934)	19,610
Transfer between funds					(228,079)	228,079
Net movements		in funds			(215,214)	210880			(4,934)	19,610
Reconciliation		offunds:
Total funds		brought	forward		329@44	624,082			953,426	933,816
Total funds carried forward					114,130	834862		-	948,492	953,426

			2021	2020
		Note	f.	f
Cash flow from operating activities			(4,934)	19,610
Depreciation oftangible fixed	assets		5,335	3,708
(Increase)/decrease in debtors			264	39,726
Increase/(decrease) in creditors			(21,515)	17,318
Bank interest received			(2)	(1,455)
Bank interest paid			17,799	14,194
Net cash flow from operating	activities		(3,053)	93,101
Cash flow from investing activities
Purchase oftangible fixed assets			(251,363)	(406,930)
Interest received			2	1,455
Net cash flow from investing	activities		(251,361)	(405,475)
Cash flow from financing activities
Receipts from issue ofnew long term loans			50,000	157,500
Repayment oflong term loans			(13,797)	(9,210)
Interest paid			(17,799)	(14,194)
Net cash flow from financing	activities		18,404	134,096
Net increase / (decrease) in cash and cash equivalents			(236,010)	(178,278)
Cash and cash equivalents at	IApril 2020		305,053	483,331
Cash and cash equivalents at	31March 2021		69,043	305,053
Cash and cash equivalents consists of:
Cash at bank and in hand			69,043	305,053
Cash and cash equivalents at	31March 2021		69043	305,053

2 Voluntary income				2021	2020
Homeless Link		Restricted		50,000
Leathers Sellers		Unrestricted		40,000
Job Retention Scheme		Restricted		2,802
Community Foundanon		Unrestricted		1,724	3,555
Chances for Children		Unrestricted			1,140
Centrepoint		Unrestricted			2,086
Sundry donations		Unrestricted		1,407	1,159
Miscellaneous		Unrestricted			636
				95,933	8,576
Voluntary income was	f95,933(2020:E8,576). f52,802 were ofa		restricted nature
(2020:Nil)
3 Charitable activities income				2021	2020
Housing benefits / rents / commissioning				791,099	834,003
				791,099	834,003
Income from charitable		activities was f791,099(2020:f834,003).	All unrestricted
4 Investment income				2021	2020
Bank Interest received				2	1,455
Investment income was X2(2020:fl,455). All ofthese were unrestricted.
5 Charitable activities expenditure				2021	2020
Provide supported housing
Activities undertaken	directly		352,663		337,245
Support costs			539,305		487,179
			891,968		824,424
f839,166(2020:f824,424)ofthe above costs were related to unrestricted				funds.
f52,802 (2020:INil) of		these costs were related to restricted funds.
6 Allocation ofsupport	costs		Provide ~drt&		Provide ~dd d
			~Housin		H~ousin
			2021		2020
Governance				35,294	12,422
Travelling				1,528	4,162
Telephone				7,370	9,984
Salaries for resident support			471,979		442,709
Mortgage interest				17,799	14,194
Depreciation				5,335	3,708
			539,305		487,179

7	Governance costs					2021	2020
	Advertising					150	1,477
	Independent examiner's	fees				3,650	3,660
	Professional fees					30,996	5,833
	Bank charges					498	1,452
						35,294	12,422
8	Trustees Expenses
	There were no trustees	expenses during the year. (2020:fNil)
9	Net Income					2021	2020
	This is stated after charging:
	Independent Examiners	fees				3,600	3,660
10	Fixed Assets	Freehold ~Pro	~Pro t~t	C~t ~B' t		Pi*t ~&Petti	T t&
	COST:
	As at 1 April 2020	720,166	395,206	17,204		1,925	1,134,501
	Additions		246,482		4,881		251,363
	As at 31March 2021	720,166	641,688	22,085		1,925	1,385,864
	DEPRECIATION:
	As at 1 April 2020				9,785	1,924	11,709
	Charge for the year				5,335		5,335
	As at 31March 2021			15,120		1,924	17,044
	NET BOOKVALUE:
	As at 31March 2021	720,166	641,688		6,965	1	1,368,820
	As at 31March 2020	720,166	395,206		7,418	I	1,122,791
11	Debtors					2021	2020
	Rents receivable					37,892	44,634
	Sundry debtors &prepayments					19,058	12,580
						56,950	57,214

12	Creditors: Amounts	falling due within one year	falling due within one year	falling due within one year	2021	2020
	Sundry creditors &accruals				18,827	40,342
	Loans &mortgages				21,129	20,230
					39,956	60,572
13	Creditors: Amounts	falling due after one year			2021	2020
	Loans &Mortgages				506,364	471,060
					506,364	471,060
14	Wages and Salaries				2021	2020
	Wages &salaries				439,631	408,908
	Social security				32,348	33,801
					471,979	442,709
			2021	2021	2020	2020
				Full time		Full time
			Number	Equivalent	Number	Equivalent
	Average number ofemployees		29	19	30	18

All staff are employed by	the charity.	No employees	No employees	earned more	than f60,000	during
the two years ended 31March 2021. Movements in Funds 0~01~--A I~			~OO			31-Mar
	2020 Resources		Resources		Transfers	2021
Unrestricted Funds
General Fund	329,344	834,232	(821,367)		(228,079)	114,130
Designated Property	624,082			(17,799)	228,079	834,362
Restricted Funds
Restricted Funds		52,802		(52,802)
TOTAL FUNDS	953,426	887,034	(891,968)			948,492
The designated fund represents two properties owned				by the charity.
Operating Lease Commitments
Total minimum payments	under operating leases		are:		2021	2020
Lease payments					147,983	147,983

												~rla
				2Central	S-la	ILHI	M	~FI				~grtu eld
												~Csmarld e
				ll ned House	Outer Reuse	~ter H	Road	Read		~Hinckl	R d	Portlmd	Total
Housing benefits,		rests
dt commissioning				216,178	91,823	129,099	56,601	52,427			28,416	216,555	791,099
Other income				45,933							50,000		95,933
Bank interest				2									2
				262,113	91,823	129,099	56,601	52,427			78,416	216455	887,034
Wages				139,466	48,858	68,692	30,117	27,896			41,724	115,226	471,979
Tnlnung				8,552									8,552
Adverlising				150									150
Rates				2,551	1,743	2,122	1,096		616		3,144	741	12,013
fight A heat				10,647	3,570	1,545	1,986	13,204			7868	732	38,952
Insurance				18,061									18,061
Repairs A reaewsls				20,190	906	2,582	2331	6,503			58,S92	1,351	92,655
Fixtures A equipment
Household expenses				4,036	148	299	107		130		759		5,479
Activity				4,058	10	245	10		286		1,178	146	5,933
Rest				22,732	16,554	25,994	12,980					79,426	157,686
Telephone				4,124	1,089	713	400				346	698	7,370
Audit / Indepeadeat			Examiners	730	475	475	475		475		475	545	3,650
Printing, postage		ds slatioaery		1,013	659	659	659		659		659	759	5,067
Miscellaneous				5,843	325	315	157	1,41S			50	158	8,265
Bank charges				498									498
Pmfessional	fees			30,996									30,996
Travel				1,528									1,528
Mortgage interest		charges						5,331			12,468		17,799
Depreciation				5,335									5,335
				280,510	74/37	103,641	50,218	56,518		126,963		199,782	891,968
Net (Deficit)	Income for the Year			(18,397)	17,486	25,458	6/83	(4,091)		(48,547)		16,773	(4,934)
Fund Balance Brought Forward				92,050	159,453	357,910	15,284	(784)		(26,139)		355,653	953,426
Transfers				874,839	(176,939)	(383,368)	(21,667)	4,875		74,686		(372,426)
Fund Balance Carried Forward				948,492									948492

												~rto
				~t	~33.34		30	Flats		l~ll t		~add
		Park	IIuxe ned		F~our	d	Woah	&vsatkriar	Park	113-335		~smbrld e
		Lodge	~Oe	r Reuse	0~uter	h e	notll	Road		hia~ei	Read	Portland	Total
Housing heaefits, rents
dk commissioning		207,204		92,468	121,454		54,186	24,133				334,558	834,003
Other income		8,576											8,576
Bank interest		1,455											1,455
		217,235		92,468	121,454		54,186	24,133				334,558	844,034
Wages Tlnnnng		113,943 27,910		48,501	63,704		28,421	12,658				175,481	442,709 27,910
Adveatising		1,477											1,477
Rates		2,463		1,451		1,568	614		924	4,042		3,423	14,485
Light A heat		7,181		2,966	4,859		3,639		623		380	18,580	38,228
insurance		11,337										2,092	13,428
Repairs Armewals		23,771		299		1,286	1,131	6,364		4,316		8,942	46,109
Fixtures A eqnipmeat		264				250	250						764
Household expeases		3,616		273		296	375		101			400	5,062
Activity		9,219		512			5	1,079				16	10,832
Rest		22,732		16,937	23,812		12,980					79,031	155,492
Telephone		4,439		1,263		702	461				39	3,080	9,984
Audit Ilndependeat	Examiners	732		476		476	476		476		476	549	3,660
Printing, postage A Miscellaneous	stationery	2,685 11,498		1,745 11		1,745	1,745	1,745		1,745		2,014	13,426 11,509
Bank charges		290		189		189	189		189		189	218	1,452
Professional fees		1,167		758		758	758		758		758	875	5,833
Travel		4,162											4,162
Mortgage interest chmges										14,194			14,194
Depreciation		3,139										569	3,708
		252,023		75@83	99,646		51,045	24,917		26,139		295,269	824,424
Net (Deficit) Income for the Year		(34,789)		17,086	21,807		3,141		(784)	(26,139)		39,289	19,610
Fund Balance Brought Forward		126,839		142,367	336,103		12,143					316,364	933,816
Fund Balance Carried Forward		92050		159453	357,910		15,284		(784)	(26,139		355,653	953426