## ## |||||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|