## ## ## ## ## ## |||||Page| |---|---|---|---|---| |Trustees'
report||||1-4| |Statement
of|trustees'|responsibilities||| |independent|auditor's|report||6-8| |Consolidated|statement
offinancial||activities|| |Consolidated|balance|sheet||10| |Statement
of|cash flows|||| |Notes to the|financial|statements||12-21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|2022|2021| |||Notes|general
8|designated
f||| |Income and endowments|from:|||||| |Charitable
activities|||793,047|80,000|873,047|931,935| |Investments|||28,456||28,456|22,804| |Other income|||336,343||336,343|53,598| |Total income and endowments|||1,157,846|80,000|1,237,846|1,008,337| |Expenditure
on:||||||| |Raising funds|||15,400||15,400|11,753| |Charitable
activities||7|872,181|127,435|999,616|821,013| |Total resources expended|||887,581|127,435|1,015,016|832,766| |Net gains/(loss)
on investments||10|(182)||(182)|173,851| |Net movement
in funds|||270,083|(47,435)|222,648|349,422| |Fund balances
at 1 April 2021|||1,338,644|5,389,800|6,728,444|6,379,022| |Fund balances at 31 March 2022|||1,608,727|5,342,365|6,951,092|6,728,444| ## ## |||||2022||202'I|| |---|---|---|---|---|---|---|---| ||||Notes|6||8|| |Fixed assets|||||||| |Tangible assets|||12||4,212,877||4,340,311| |Investments|||13||1,776,081||952,301| ||||||5,988,958||5,292,612| |Current assets|||||||| |Debtors|||15|491,189||883,174|| |Cash at bank and|in|hand||712,992||1,137,048|| |||||1,204,181||2,020,222|| |Creditors: amounts||falling dus within|||||| |one year|||16|(242,047)||(584,390)|| |Net current assets|||||962,134||1,435,832| |Total assets less|current liabilities||||6,951,092||6,728,444| |Income funds|||||||| |Unrestricted
funds|-|designated|||5,342,365||5,389,800| |Unrestricted
funds|-|general|||||| ||||||1,608,727||1,338,644| ||||||6,951,092||6,728,444| ## ## ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Notes|E||E|| |Cash flows from operating|activities||||||| |Cash generated
from operations|||21||360,506||236,625| |Investing
activities|||||||| |Proceeds from disposal of invsstmsnts||||4,459||11,755|| |Purchase of investments||||(789,021)|||| |Bank interest received||||||195|| |Net cash (used In)/generated||from|||||| |Investing
activities|||||(784,562)||11,950| |Net cash used in financing|activities||||||| |Net (decrease)/Increase
in|cash and||cash||||| |equivalents|||||(424,056)||248,575| |Cash and cash equivalents|at beginning||ofyear||1,137,048||888,473| |Cash and cash equivalents|at|end of|year||712,992||1,137,048| ## ## ## ## ## |2|Accounting
policies||||||(Continued)|(Continued)|(Continued)| |---|---|---|---|---|---|---|---|---|---| |2.4|Income||||||||| ||Income is recognised
when the charity||is legally
entitled to it after|any performance||conditions|have been|met,|| ||the amounts
can be measured|reliably,|and
it is probable
that income will be received.||||||| ||Cash donations
are recognised|on receipt. Other donations
are recognised
once||||the charity has been notified|||| ||of the donation,
unless
performance||conditions
require
deferral|of the amount.||Income tax recoverable|||in| ||relation to donations
received|under
GiR Aid or deeds ofcovenant||is recognised|at the time ofthe donation.||||| ||Legacies are recognised
on receipt or||otherwiss
if the charity has been notified||of an impending
distribution,||||| ||the
amount
is known,
and
receipt
is||expected.
If the
amount|is not
known,||the
legacy|is treated|as a|| ||contingent
asset.||||||||| ||Income relating
to rental income
is measured
at the fair value of|||ths consideration||received or receivable|||and| ||represents
amounts
receivable|for rents and service charges
provided
in ths normal course of business,|||||||and| ||invoiced
quarterly.||||||||| |2.5|Expenditure||||||||| ||Expenditure
is accounted
for|on an accruals
basis and has been
included
under
expense|||||categories||that| ||aggregate
all costs for allocation
to activities. Where costs cannot be directly attributed
to particular
activities||||||||| ||they have been allocated on a|basis consistent
with the use ofthe||resources.|||||| ||Support costs are those costs|incurred|directly
in support ofexpenditure
on the objects of the charity.||||||| |2.6|Tangible fixed assets||||||||| ||Tangible
fixed assets are initially
measured
at cost and subsequently
measured|||||at cost, net|of depredation||| ||and any impairment
losses.||||||||| ||Depreciation
is recognised
so|as to writs off the cost ofassets less their residual||||values over their useful||lives|| ||on the following bases:||||||||| ||Freehold
buildings||2% Straight
Line||||||| ||Long term leasehold
land and|buildings|2% Straight
Line||||||| ||Fixtures, fittings
&equipment||25% Straight
Line||||||| ||Motor vehides||33%Straight
Line||||||| ||The gain or loss arising on the|disposal|ofan asset is determined|as the difference||between the sale proceeds|||| ||and the carrying
value ofthe asset, and is recognised
in the statement
offinancial|||||activities.|||| |2.7|Fixed asset investments||||||||| ||Fixed asset
investments
are|initially|measured
at transaction|price
excluding||transaction|costs,
and||are| ||subsequently
measured
at fair value||at each
reporting
date.
Changes
in fair|||value are recognised
in|||net| ||income/(expenditure)
for the year. Transaction
costs are expensed|||as incurred.|||||| |2.8|Impairment
offixed assets||||||||| ||At each
reporting
end date,|the charity
reviews
the
carrying
amounts
of its|||tangible
assets
to determine||||| ||whether
there
is any
indication
that those assets
have
suffered|||an impairment||loss.
If any|such
indication||| ||exists, the recoverable
amount
of the||asset is estimated
in order to determine||the extent of the impairment||||| ||loss (ifany).||||||||| ## ## ## ## ## ||||Rental,|Rental, service charge| |---|---|---|---|---| ||||service|and other income| ||||charge and|| ||||other|| ||||Income|| ||||2022|2021| ||||f|f.| |Rental,|service charge and other income||873,047|931,935| |Analysis|by|fund||| |Unrestricted||funds - general|793,047|851,935| |Unrestricted||funds - designated|80,000|80,000| ||||873,047|931,935| ## |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||general|general| |||2022f|2021f| |Income|from listed investments|22,117|17,415| |Interest|receivable|6,339|5,389| |||28,456|22,804| ## ## |5|Other Income|Other Income|Other Income|||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||Unrestricted|Unrestricted| ||||||||||funds|funds| ||||||||||general|general| ||||||||||2022f|2021f| ||Net gain on||disposal||of|programme|related investments||10,943|4,680| ||Furlough|support|||||||23,689|48,918| ||Write offof||rentals|received no longer deemed||||repayable|301,711|| ||||||||||336,343|53,598| |6|Raising funds|||||||||| ||||||||||Unrestricted|Unrestricted| ||||||||||funds|funds| ||||||||||general|general| ||||||||||2022f|2021f| ||investment||management|||fees|||15,400|11,753| ||||||||||15,400|11,753| |7|Charitable||activities|||||||| ||||||||||Community|Community| ||||||||||programme|programme| ||||||||||2022|2021| ||||||||||f|F| ||Depreciation||and|impairment|||||127,435|127,934| ||Community||programme||||||442,647|289,374| ||||||||||570,082|417,308| ||Share of support costs|||||(see note 11)|||334,740|305,154| ||Share ofgovernance||||costs (see nots 11)||||94,794|98,551| ||||||||||999,616|821,013| ||Analysis|by fund||||||||| ||Unrestricted||funds|-|general||||872,181|693,079| ||Unrestricted||funds|-|designated||||127,435|127,934| ||||||||||999,616|821,013| ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||Number|Number| ||Support work||||||| ||Employment
costs|||||2022|2021| |||||||8|K| ||Wages and salaries|||||292,089|283,827| ||Social security costs|||||18,833|18,383| ||Other pension costs|||||3,396|4,229| |||||||314,318|306,439| ||The number ofemployees||whose annual|remuneration|was more than 860,000||| ||is as follows:||||||| |||||||2022|2021| |||||||Number|Number| ||680,001 - 690,000||||||| |10|Net gains/(losses)|on investments|||||| |Net gains/(l|oss|es)
on investments||| |---|---|---|---|---| ||||Unrestricted|Unrestricted| ||||funds|funds| ||||general|general| ||||2022|2021| ||||6|6| |Revaluation|of|investments|(182)|173,851| ## ## ## |Support|costs||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2022Support costs||Governance|2021| |||costs|costs|||costs|| |||E|f|E|f|E|| |Staff costs||226,124|88,194|314,318|220,664|85,775|306,439| |Office and|other costs|108,616||108,616|84,490||84,490| |Audit fees|||6,600|6,600||12,776|12,776| |||334,740|94,794|429,534|305,154|98,551|403,705| |Analysed|between||||||| |Charitable|activities|334,740|94,794|429,534|305,154|98,551|403,705| |Tangible fix|ed assets||||||||| |---|---|---|---|---|---|---|---|---|---| ||||Freehold
buildings|Long term
leasehold
land|||Fixtures,
fittings 8|Motor vehicles|Total| ||||f|and||bugdlngs
f|equipment
E|E|| |Cost|||||||||| |At 1 April 2021|||14,031,770|||60,000|1,184,044|5,505|15,281,319| |At 31 March|2022||14,031,770|||60,000|1,184,044|5,505|15,281,319| |Depreciation|and Impairment||||||||| |At 1 April 2021|||9,730,799|||21,600|1,183,103|5,505|10,941,007| |Depreciation|charged|in the year|125,332|||1,200|903||127,435| |At 31 March|2022||9,856,131|||22,800|1,184,006|5,505|11,068,442| |Carrying
amount|||||||||| |At 31 March|2022||4,175,639|||37,200|38||4,212,877| |At 31 March|2021||4,300,970|||38,400|941||4,340,311| |The carrying|value of|land included|in land and buildings||comprises:||||| |||||||||2022f|2021
f| |Freehold||||||||400,600|400,600| ## ## ## ## |Fixed asset investments||||| |---|---|---|---|---| ||Listed|Investments||Total| ||Investments
f|In subsidiary||| |Cost or valuation||||| |At 1 April 2021|952,300|||952,301| |Additions|789,021|||789,021| |Other movements|34,759|||34,759| |At 31 March 2022|1,776,080|||1,776,081| |Carrying
amount||||| |At 31 March 2022|1,776,080||1|1,776,081| |At 31 March 2021|952,300||1|952,301| ## ## ## |14|Financial
instruments|||2022|2021| |---|---|---|---|---|---| |||||E|E| ||Carrying
amount of|financial assets|||| ||Instruments
measured|at fair value through|profit or loss|1,776,080|952,300| |15|Debtors||||| |||||2022|2021| ||Amounts
falling due|within one year:||E|E| ||Trade debtors|||99,927|382,532| ||Other debtors|||312,719|362,309| ||Prepayments
and accrued income|||78,543|138,333| |||||491,189|883,174| |16|Creditors: amounts|falling due within one year|||| |||||2022|2021| |||||E|E| ||Other taxation and social security|||125|153| ||Trade creditors|||63,060|85,427| ||Other creditors|||17,964|301,711| ||Accruals and deferred|income||160,898|197,099| |||||242,047|584,390| ## |Analysis
of|net assets|between funds|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Designated|Total|Unrestricted|Designated|Total| |||funds|Funds||funds|Funds|| |||2022|2022|2022|2021|2021|2021| |||E|E|E|E|f|E| |Fund balances at 31|||||||| |March 2022|are||||||| |represented|by:||||||| |Tangible assets|||4,212,877|4,212,877||4,340,311|4,340,311| |Investments||1,776,081||1,776,081|952,301||952,301| |Current
assets/(liabilities)||(167,354)|1,129,488|962,134|386,343|1,049,489|1,435,832| |||1,608,727|5,342,365|6,951,092|1,338,644|5,389,800|6,728,444| ## ## ## ||||ll/lovement|ll/lovement|ll/lovement|ll/lovement|ll/lovement|in|funds|funds|||Movement|in funds||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||Balance at||Incoming||||Resources||||Balance at|Incoming|Resources||Balance at| |||1 April 2020|resources||||||expended|||1 Aprg 2021|resources|expended|31|March 2022| |||E|||||E||||E|E|E|E||E| ||Fixed Assets|||||||||||||||| ||Fund|4,464,633|||||||(127,934)|||4,336,699||(127,435)||4,209,264| ||Homebuy|||||||||||||||| ||Fund|420,901||||||||||420,901||||420,901| ||Future Repair|||||||||||||||| ||and|||||||||||||||| ||Replacement|||||||||||||||| ||Fund|552,200|||80,000|||||||632,200|80,000|||712,200| |||5,437,734|||80,000||||(127,934)|||5,389,800|80,000|(127,435)||5,342,365| |19|Related party transactions|||||||||||||||| ||There were no disdosable
related||||party||transactions||||during|the year (2021 - none).||||| ||Remuneration|ofkey management||||personnel||||||||||| ||The remuneration|of key management|||||personnel|||is as follows.||||||| |||||||||||||||2022||2021| |||||||||||||||E||E| ||Aggregate
compensation|||||||||||||88,194||85,557| |20|Analysis ofchanges
in net funds|||||||||||||||| ||Ths charity had|no debt during|the||year.|||||||||||| |21|Cash generated|from operations||||||||||||2022||2021| |||||||||||||||E||E| ||Surplus for the year|||||||||||||222,648||349,422| ||Adjustments
for:|||||||||||||||| ||Investment
income recognised||in|profit|||or|loss||||||(28,457)||(22,612)| ||Gain on disposal|of investments||||||||||||(10,943)||(4,680)| ||Fair value losses/(gains)
on investments|||||||||||||182||(173,851)| ||Depreciation
and impairment||oftangible||||fixed||assets|||||127,435||127,934| ||Movemsnts
in working
capital:|||||||||||||||| ||Decrease/(increase)
in debtors|||||||||||||391,984||(64,670)| ||(Decrease)/increase
in creditors|||||||||||||(342,343)||25,802| ||Cash generated|from operations||||||||||||360,506||236,625|