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|||||INDEX TO THE|INDEX TO THE|||
|---|---|---|---|---|---|---|---|
||||FINANCIAL STATEMENTS|||||
|||||FORTHE YEAR ENDED||||
|||||31|MARCH 2023|||
||||||||Page|
|Charity Reference and Administrative||||Details||||
|Trustees Annual|Report (Including||Director's||Report and Strategic Report)||2-8|
|Audit Report|||||||9-12|
|Statement ofFinancial Activities||(Including|||Income and Expenditure|Account)|13|
|Balance Sheet|||||||14|
|Statement ofCashflows|||||||15|
|Notes to the Accounts|||||||16-23|
|Detailed Income|&Expenditure||||||24|
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|Rod Moore|(Chair)|Maureen Dover|(Appointed|4July 2022)|
|---|---|---|---|---|
|David Pollard|(Treasurer)|Sarah Oldman|(Appointed|13April 2022)|
|Nigel Oldman||Malcolm Pell|(Appointed|13April 2022)|
|Deborah Lockton||Guy Dalby|(Co-opted|20 January 2023)|
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|commod|ated
during the year||
|---|---|---|
|12|Moved into their own tenancies||
|3|Moved back to family||
|3|Moved in with fiiends or partner||
|22|Abandoned
their bed space or were evicted||
|3|Were supported
to find other accommodation|due to age/pregnancy|
|2|Moved to take up university
courses and related accommodation||
|54|Internal
transfers||
|42|Sfill residing
at the Project||
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||||2023|2023|2023|2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrostrtcted||||
||||Unrestricted|~Desi noted|Restrtcted||Total|
|||Note|Fundsf|Funds|Funds
5|Funds
g|Funds|
|Income and|endowments|||||||
|Voluntary|income||7,700||105,250|112,950|19,816|
|Charitable|activities||1,340,584|||1,340,584|1,052,314|
|Investment|income||38|||38|I|
|Other|||1,643|||1,643||
|Total Income and endowments|||1@49,965||105,250|1,455/15|1,072,131|
|Expenditure|on:|||||||
|Raising funds||||||||
|Charitable|activities||1,234,093||105,250|1,339,343|1,034,127|
|Other||||||||
|Total expenditure|||1,234,093||105i250|1,339@43|1,034,127|
|Net income|(deficit)||115,872|||115,872|38,004|
|Transfer between funds|||364,565|(364,565)||||
|Net movements
in funds|||480,437|(364,565)||115,872|38,004|
|Reconciliation
offunds:||||||||
|Total funds|brought|forward|133,217|853479||986,496|948,492|
|Total funds|carried forward||613,654|488,714||1,102@68|986,496|
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||||2023|||2022||
|---|---|---|---|---|---|---|---|
||Note|||||||
|FIXEDASSETS|12|||1,366,742|||1,363,588|
|CURRENT ASSETS||||||||
|Debtors
hi:prepayments||113,657|||76,283|||
|Cash at bank||182,959|||92,046|||
|Cash in hand||300|||713|||
|||296,916|||169,042|||
|CURRENT LIABILITIES||||||||
|Creditors|14|85,262|||56,959|||
|||85,262|||56,959|||
|TOTAL ASSETS|LESSCURRENT LIABILITIES|||211,654|||112,083|
|Creditors: amounts|falling due atter one year|15||(476,028)|||(489,175)|
|NET ASSETS||||1 102 68|||996496|
|FUNDS||||||||
|Unrestricted|17|||613,654|||133,217|
|Designated|17|||488,714|||853,279|
|Restricted|17|||||||
|||||1292eo|||986,496|
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||||2023|2022I|
|---|---|---|---|---|
|Cash flow from operating|activities||115,872|38,004|
|Depreciation oftangible fixed||assets|2,448|5,232|
|flncreasc)/decrease
in debtors|||(37,374)|(19,333)|
|Increase/(decrease)
in creditors|||35,017|18,732|
|Bank interest received|||(38)|(I)|
|Bank interest paid|||26,895|19,963|
|Net cash flow from operating||activities|142,820|62,597|
|Cash flow from investing|activities||||
|Purchase oftangible fixed|assets||(5,602)||
|Interest received|||38||
|Net cash flow from investing||activities|(5,564)||
|Cash flow from financing|activities||||
|Receipts &om issue ofnew|long term loans||||
|Repayment
oflong term loans|||(19,861)|(18,918)|
|Interest paid|||(26,895)|(19,963)|
|Net cash flow from financing||activities|(46,756)|(38,881)|
|Net increase
/ (decrease) in cash and cash equivalents|||90,500|23,717|
|Cash and cash equivalents|at|1Aprfl 2022|92,759|69,042|
|Cash and cash equivalents|at|31March 2023|183,259|92,759|
|Cash and cash equivalents|consists of:||||
|Cash at bank and in hand|||183,259|92,759|
|Cash and cash equivalents|at31March 2023||183,259|92,759|
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|2|Voluntary
income|||2023|2022|
|---|---|---|---|---|---|
||Job Retention Scheme||Restricted||3,430|
||Landlsid Refurbishment|Grant|Restricted|105,250||
||Other grants||Unrestricted||9,970|
||Sundry donations||Unrestricted|3,073|701|
||Miscellaneous||Unresnicted|4,627|5,715|
|||||112,950|19,816|
||(2022:K3,4|
30).|
30).|||
|---|---|---|---|---|---|
|3|Charitable|activities income||2023|2022|
||Housing benefits / rents||/ commissioning|1,340,584|1,052,314|
|||||1,340,584|1,052,314|
||Income &om charita|b|le|activities was f,1,344,346(2022:f.1,052,314)|. All unrestricte|d|
|---|---|---|---|---|---|---|
|4|Investment
income||||2023|2022|
||Bank interest received||||38|1|
||Investment
income|was 638(2022:Kl). All ofthese were unrestricted.|||||
|5|Charitable
activities||expenditure||||
||Provide supported|housing|||2023|2022|
||Activities undertaken|||directly|614,375|383,308|
||Support costs||||724,968|650,819|
||||||1,339,343|1,034,127|
||E1,234,093(2022:K1,030,697)ofthe above costs were related to unresnicted
funds.||||||
||f.105450(2022:63,430)ofthese costs were related to restricted funds.||||||
|6|Allocation ofsupport|||costs|Provide
~drt
d|Provide
~dt
d|
||||||~Housin|~Housin|
||||||2023|2022|
||Governance||||33,167|29,044|
||Travelling||||2,476|2,898|
||Telephone||||12,172|10,656|
||Salaries for resident||support||648,784|583,026|
||Mortgage interest||||25,921|19,963|
||Depreciation||||2,448|5,232|
||||||724,968|650,819|
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|7|Governance
Costs|||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
||Advertising|||||||709|1,682|
||Audit / Independent||examiner's|fees||||5,244|3,600|
||Professional
fees|||||||26,448|23,126|
||Bank charges|||||||766|636|
|||||||||33,167|29,044|
|8|Trustees Expenses|||||||||
||There were no trustees expenses during the year. (2022:XNil)|||||||||
|9|Net Income|||||||2023|2022|
||This is stated aSer charging:|||||||||
||Audit / Independent|examiner's||fees||||4,200|3,600|
|10|Wages and Salaries|||||||2023|2022|
||Wages dt salaries|||||||604,261|544,176|
||Social security|||||||44,523|38,850|
|||||||||648,784|583,026|
||||||2023|2023||2022|2022|
|||||||Full|time||Full time|
|||||Number||Equivalent||Number|Equivalent|
||Average number ofemployees||||45||36|34|29|
||All staff are employed||by the charity.||No employees||earned|more than f60,000||
||during the two years|ended 31March|||2023.|||||
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|Total minimum|payments|under operating|leases are:|2023|2022|
|---|---|---|---|---|---|
|Within one year||||238,424|176,418|
|Within 2- 5 years||||300,850|222,222|
|||||539,274|398,640|
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|12|
Fixed Assets|
Freehold
~Pro e|
~Pro ertI~|
~Ct
E~t|
~Ct
E~t|Fixtures
&~Fitt'|T t&|
|---|---|---|---|---|---|---|---|
||COST:|||||||
||As at 1 April 2022|720,166|641,688|22,085||1,925|1,385,864|
||Additions||3,064||980|1,558|5,602|
||As at 31March 2023|720,166|644,752|23,065||3,483|1,391,466|
||DEPRECIATION:|||||||
||As at 1 April 2022|||20,352||1,924|22,276|
||Charge for the year|||2,058||390|2,448|
||As at 31March 2023|||22,410||2,314|24,724|
||NET BOOKVALUE:|||||||
||As at 31March 2023|720,166|644,752||655|1,169|1,366,742|
||As at 31March 2022|720,166|641,688|1,732||1|1,363,588|
|13|Debtors|||||2023|2022|
||Rents receivable|||||81,475|49,817|
||Sundry debtors &prepayments|||||32,182|26,466|
|||||||113,657|76,283|
|14|Creditors: Amounts|falling due within one year||||2023|2022|
||Sundry creditors &accruals|||||72,576|37,560|
||Loans &mortgages|||||12,686|19,399|
|||||||85,262|56,959|
|15|Creditors: Amounts|falling due after one year||||2023|2022|
||Loans &mortgages|||||476,028|489,175|
|||||||476,028|489,175|
|16|Secured Debts|||||||
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|17|Movements
in Funds|0~1-A|~l'|~Ot||31-Mar|
|---|---|---|---|---|---|---|
|||2022|Resources|Resources|Transfers|2023|
||Unrestricted
Funds||||||
||General Fund|133,217|1,349,965|(1,234,093)|364,565|613,654|
||Designated
Property|853,279|-|-|(364,565)|488,714|
||Restricted Funds||||||
||Restricted Funds||105,250|(105,250)|||
||TOTAL FUNDS|986,496|1,455,215|(1,339,343)|-|1,102,368|
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|ncome:|ncome:|||
|---|---|---|---|
|Housing benefits, rents
dt comttusstonmg||1,340,584|1,052,314|
|Other income||114,593|19,816|
|Bank interest||38|1|
|||1,455815|1,072,131|
|Expenditure:
Wages
Tfsllllng||648,784
4,699|583,026
3,268|
|Advertising||709|1,682|
|Rates||26,301|15,251|
|Light 4t heat
Insurance||68,989
16,839|62,209
12,591|
|Repairs 4t renewals
Fixtures
8r, equipment|consumables|153,375|74,550
2,268|
|Household
expenses||14,048|2,294|
|Activity
Rent||31,490
269,987|18,399
175,398|
|Telephone||12,172|10,656|
|IT I'c Computer expenses
Audit / Independent
Examiners||17,590
5,244|3,600|
|Printing, postage gt stationery
Miscellaneous||8,433
1,650|7,405
9,675|
|Bank charges
Professional
fees||766
26,448|636
23,126|
|Travel||2,476|2,898|
|Mortgage 4t loan interest charges
Depreciation||26,895
2,448|19,963
5,232|
|||1@39@43|1,034,127|
|Net Income for the|Year|115i$72|3$,004|
|Fund Balance Brought Forward||986,496|94$,492|
|Transfers||||
|Fund Balance Carried Forvrard||1,102,368986,496||