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|---|---|---|---|---|
|Chair's report||||1-2|
|Trustees' report||||3-18|
|Auditors'
report||||19-21|
|Consolidated
statement|ofcomprehensive||income|22|
|Group and charity statement||offinancial|position|23|
|Group and charity statement||ofchanges|in reserves|24|
|Consolidated
statement|ofcash flows|||25|
|Notes to the financial statements||||26-52|
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|its Business Plan, VFM Strateg
|y and t
|he HE Value for Money Standard
and Me
|trics.|
|---|---|---|---|
|With regard to HE metrics th|e finding|s are:|Charity|
|Reinvestment%|||3.10%|
|New Supply Delivered||||
|Gearing %|||7.45%|
|EBITDA MRI interest cover|||313.00%|
|Headline social housing cost|per unit||614,995|
|Operating
Margin %(social housing||lettings)|25.90%|
|Operating
Margin %(overall)|||1.90%|
|Return on capital employed|(ROCE) %||0.9%|
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SOUTHEND-ON-SEA YOUNG MEN'S CHRISTIAN ASSOCIATION
(LIMITED BY GUARANTEE) AND SUBSIDIARIES
INDEPENDENT AUDITORS REPORTTO THE MEMBERS Icontinued)
FOR THE YEAR ENDED 31 AUGUST 2020
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on pages 17 to 18, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the d1CtOrS determine is necessary to enable the preparation of financial statements
Ihat are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are sponSible for assessing the group'5 and the parent charity's
abllity to continue as a going concern, disclosing, as applicable, matters related to going concern and usin8 the going
concern basis of accounting unless the directors either intend to liquldate ihe group or the parent charity or to cease
operatlons, or to have no realistic amernative but to do so.
Audltor's responslbllltles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinlon.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS IUKI will always detect 8 material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they tould reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements Is located on the Financial
Reporting Council's website at https:Ilwww.frc.org.uVOur-Work/Audit/Audit-and-assurance/Standards-and-
guidancelstandards-and-guidance-for-auditors/Auditors-responsibilities-for-audil/De5cription-of-auditors-
responsibilities-for-audit.aspx. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity's trustees, as a body. in accordance with Chapter 3 of Part 16 of the
Companies Act 2CKJ6 and section 137 of the Housing and Regeneration Act 2008. Our audit work has been undertaken
so that we might state to the charity's trustees those matters we a required to state to them in an auditors, report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charity and the charity's members a5 a body, for our audit work. for this report, or for the opinions we
have form
Ke Hllllard ACA FCCA CTA (Senior Statutory Auditor}
for and on behalf of Stephenson Smart & Co
Registered Auditor
36 Tyndall Court
Commerce Road
Lynthwood
Peteiborough
PE2 6LR
Date:
a4 2011
21-
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||||||Year ended|Yearended|
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||Note|E|6|
|Turnover||||2|2,017,195|2,045,475|
|Operating|expenditure||||||
|Operating costs||||2|(1,950,494)|(2,065,486)|
|Operating|surplus/(deficit)|||2|66,701|(20,011)|
|Gain/(loss)
on disposal ofproperty,|||plant and equipment|||(16,050)|
|Interest|receivable|||5|1,269|1,598|
|Interest|payable|||6|(19,675)|(22,545)|
|Surplus/(deficit)
before tax|||||48,295|(57,008)|
|Taxation|||||||
|Surplus/(deficit)
forthe year|||||48,295|(57,008)|
|Actuarial|(loss)/ gain in respect ofpension schemes||||(91,000)|(14,000)|
|Total comprehensive||(deRcit)/income|for the year||(42,705)|(71,008)|
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|Group|||Income and|Restricted|Restricted|Total|
|---|---|---|---|---|---|---|
||||expenditure|reserve|fixed asset||
||||reserve||reserve||
||||6|6|6|g|
|Balance as at 1September 2018|||947,710|902,910|2,030,924|3,881,544|
|Total comprehensive|income for|the year|(71,008)|||(71,008)|
|Transfer ofrestricted|expenditure|from|||||
|unrestricted
reserve|||478,473|(453,730)|(24,743)||
|Balance at 31August|2019||1,355,175|449,180|2,006,181|3,810,536|
|Total comprehensive|income for|the year|(42,705)|||(42,705)|
|Transfer ofrestricted|expenditure|from|||||
|unrestricted
reserve|||42,617|(9,525)|(33,092)||
|Balance at 31August|2020||1,355,087|439,655|1,973,089|3,767,831|
|Charity|||Income and|Restricted|Restricted|Total|
||||expenditure|reserve|fixed asset||
||||reserve||reserve||
||||f|g|6||
|Balance as at 1September 2018|||941,387|502,136||1,443,523|
|Total comprehensive|income for|the year|(50,014)|||(50,014)|
|Transfer ofrestricted|expenditure|from|||||
|unrestricted
reserve|||454,953|(454,953)|||
|Balance at 31August|2019||1,346,326|47,183||1,393,509|
|Total comprehensive|income for|the year|2,754|||2,754|
|Transfer ofrestricted|expenditure|from|||||
|unrestricted
reserve|||(3,098)|3,098|||
|Balance at31August|2020||1,345,982|50,281||1,396,263|
##
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||||||Group||
|---|---|---|---|---|---|---|
||||||31.8.2020|31.8.2019|
|||||Note||6|
|Net cash flow from operating||activities||22|376,202|72,297|
||||||376,202|72,297|
|Cash flow from investing|activities||||||
|Refurbishment
oftangible||fixed assets - housing|properties||(13,728)||
|Purchase oftangible fixed assets|||||(37,798)|(46,258)|
|Proceeds from sale oftangible fixed assets|||||192|21,266|
|Interest income|||||1,269|1,598|
|ffet cash flow from investing||activities|||(50,065)|(23,394)|
|Cash flow from financing|activities||||||
|Interest
paid|||||(19,675)|(22,545)|
|Repayment
of long term loans|||||(25,851)|(24,447)|
|Net cash flow from financing||activities|||(45,526)|(46,992)|
|Net increase in cash and|cash equivalents||||280,611|1,911|
|Cash and cash equivalents|at|the beginning of|||||
|the year|||||1,018,282|1,016,371|
|Cash and cash equivalents|at|the end ofthe|||||
|year|||||1,298,893|1,018,282|
|Cash and cash equivalents|consists of:||||||
|Cash at bank and in hand|||||1,298,893|1,018,282|
|Cash and cash equivalents|at|the end ofthe year|||1,298,893|1,018,282|
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|Depreciation
has been provided
at the|following rates:|
|---|---|
|Freehold
buildings|100years straight
line|
|Fixtures and fittings|20%/ 25%reducing balance|
|Music, sports and office equipment|25%reducing balance|
|Computer
equipment|3years straight
line|
|Motor vehicles|25% reducing balance|
|Kitchen extension|50years straight
line|
|Music room extension|6years straight
line|
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|2.TURNOVER, EXPENDITURE, OPERATING COSTS AND OPERATING SURPLUS/(DEFICIT)|2.TURNOVER, EXPENDITURE, OPERATING COSTS AND OPERATING SURPLUS/(DEFICIT)|2.TURNOVER, EXPENDITURE, OPERATING COSTS AND OPERATING SURPLUS/(DEFICIT)|||
|---|---|---|---|---|
||||2020f|2019|
|Income from Social Housing|Lettings||||
|Rents receivable
excluding service charges|||161,708|122,479|
|Service charges receivable|||328,270|294,782|
|Other social housing activities|||149,591|172,291|
|Total|||639,569|589,552|
|Activities other than social housing|||||
|Income from Asylum Seeker properties|||48,578|40,560|
|Voluntary
income||||8,223|
|Activities for generating
funds|||49,394|18,593|
|Training|||26,518|55,729|
|Community
Impact|||35,031|53,912|
|Positive Activities|||307,052|311,521|
|Economic Inclusion||||92,175|
|Covid|||37,923||
||||504,496|580,713|
|Total Charity Income|||1,144,065|1,170,265|
|Educational
operations
(South Essex Community||School Limited)|||
|DfE/ESFA grants|||517,873|526,767|
|Other government
grants|||65,093|23,069|
|Other funding|||280,244|312,486|
|Donations
and capital grants|||8,641|10,365|
|Other trading activities|||1,279|2,523|
|Total Income for Group|||2,017,195|2,045,475|
##
##
##
|URNOVER|, EXPENDITURE, OPERATING C|OSTS AND OPERATING SURPLU|S/(DEFICIT) (c|ontinued)||
|---|---|---|---|---|---|
||||Activities|||
|||Social|other than|||
|||housing|social|||
|||activities|housing|2020|2019|
|||E|E|E|E|
|Income||639,569|1,377,626|2,017,195|2,045,475|
|Operating|expenditure|(617,835)|(1,332,659)|(1,950,494)|(2,065,486)|
|Operating|surplus|21,734|44,967|66,701|(20,011)|
##
##
||||Group||Charity||
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
||||No ofunits||No ofunits||
|Social housing|||||||
|Non-social|housing|(asylum seekers)|7|8|7|8|
|Supported|housing||34|34|34|34|
|Total owned|||41|42|41|42|
##
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##
|||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|
|||||||2020|2019|2020|2019|
|||||||E|E|E|E|
|Depreciation|on housing|properties||||17,872|18,414|17,872|18,414|
|Depreciation|ofother tangible|||fixed|assets|77,522|69,745|25,011|18,775|
|Profit/(Loss)|on disposal|of housing|||properties||(16,050)||(16,050)|
|Profit/(Loss)|on other tangible|||assets||(274)||(274)||
|Operating
lease rentals:||||||||||
|office equipment||||||24,390|13,285|20,462|10,750|
|Auditors'
remuneration:||||||||||
|Fees payable|tothe Charity's||auditors:|||||||
|forthe audit|ofthe financial statements|||||10,000|9,250|10,000|9,250|
|for other services||||||11,072|5,144|11,072|5,144|
|Fees payable|to the component|||auditors:||||||
|Audit ofthe|accounts of|subsidiaries||||7,000|7,000|||
|Total audit services||||||28,072|21,394|21,072|14,394|
|5.INTEREST RECEIVABLE||||||||||
|||||||Group||Charity||
|||||||2020|2019|2020|2019|
|||||||E|E|E|E|
|Interest received||||||1,269|1,598|1,192|1,492|
|||||||1,269|1,598|1,192|1,492|
|6.INTEREST AND|FINANCING|COSTS||||||||
|||||||Group||Charity||
|||||||2020|2019|2020|2019|
|||||||E|E|E|E|
|Interest on bank loans||||||19,675|22,545|19,675|22,545|
|||||||19,675|22,545|19,675|22,545|
##
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##
|||2020|2019|
|---|---|---|---|
|||E|E|
|Wages|and salaries|940,156|1,010,543|
|Social|security costs|82,577|88,764|
|Other|pension costs|102,483|92,820|
|||1,125,216|1,192,127|
|working wee|k of37 hou|rs):|||
|---|---|---|---|---|
||||2020|2019|
|Housing and|support|||5|
|Training||||2|
|Community|impact|||2|
|Positive activities||||3|
|Economic inclusion||||2|
|Management|and administration||3|3|
|South Essex|Community|School|18|19|
||||36|36|
|||||||||||36|36|
|---|---|---|---|---|---|---|---|---|---|---|---|
|The
full time|equivalent|number||of employees||receiving|annual|remuneration|excluding|employer|pension|
|contributions
in|excess of|E60,000are:||||||||||
|E60,001to E70,000||||||||||2||
|The emoluments|ofthe highest||paid|director, the chief executive was||||as follows:||||
|||||||||||2020|2019|
|||||||||||E|E|
|Salary (including|employers|national||insurance)|||||67,091||64,963|
|Payment
in lieu|ofannual|leave|(including||employers|national|insurance)||5,353||2,847|
||||||||||72,444||67,810|
##
##
##
##
|.TANGIBLE FIXEDASSETS - HOUSING PROPERTIES|||
|---|---|---|
||Social||
|G~ds|housing
properties|Total housing
properties|
||E||
|COST|||
|At 1September 2019|1,640,063|1,640,063|
|Additions|49,728|49,728|
|Disposals|(1,668)|(1,668)|
|At 31August 2020|1,688,123|1,688,123|
|DEPRECIATION|||
|At 1September 2019|65,918|65,918|
|Charge|17,872|17,872|
|Disposals|(1,668)|(1,668)|
|At 31August 2020|82,122|82,122|
|NET BOOK VALUE|||
|At 31August 2020|1,606,001|1,606,001|
|At 31August 2019|1,574,145|1,574,145|
##
##
|0.TANGIBLE FIXEDASSETS - O|THER||||||
|---|---|---|---|---|---|---|
|||Academy|Music, Sports|Fixtures,|||
||Land and|Trust Land|&Office|Fittings and|Motor|Total Fixed|
|~Grou|buildings|and Buildings|Equipment|Computer|Vehicles|Assets|
||E|E|E|E|E|E|
|COST|||||||
|At 1September 2019|626,839|2,124,365|80,970|388,316|135,991|3,356,481|
|Additions||2,764||35,034||37,798|
|Disposals|||||(7,200)|(7,200)|
|At 31August 2020|626,839|2,127,129|80,970|423,350|128,791|3,387,079|
|DEPRECIATION|||||||
|At 1September 2019|101,476|172,638|77,182|295,556|129,257|776,109|
|Charge|5,552|34,999|944|34,460|1,567|77,522|
|Disposals|||||(6,734)|(6,734)|
|At 31August 2020|107,028|207,637|78,126|330,016|124,090|846,897|
|NET BOOK VALUE|||||||
|At 31August 2020|519,811|1,919,492|2,844|93,334|4,701|2,540,182|
|At 31August 2019|525,363|1,951,727|3,788|92,760|6,734|2,580,372|
|||Academy|Music, Sports||||
|---|---|---|---|---|---|---|
|~charit|Land and|Trust Land|&Ofhce|Fixtures and|Motoi'|Total Fixed|
||buildings|and Buildings|Equipment|Fittings|Vehicles|Assets|
||E|E|E|E|||
|COST|||||||
|At 1September 2019|626,839||80,970|204,249|135,991|1,048,049|
|Additions||||18,379||18,379|
|Disposals|||||(7,200)|(7,200)|
|At 31August 2020|626,839||80,970|222,628|128,791|1,059,228|
|DEPRECIATION|||||||
|At 1September 2019|101,476||77,182|165,943|129,257|473,858|
|Charge|5,552||944|16,948|1,567|25,011|
|Disposals|||||(6,734)|(6,734)|
|At 31August 2020|107,028||78,126|182,891|124,090|492,135|
|NET BOOK VALUE|||||||
|At 31August 2020|519,811||2,844|39,737|4,701|567,093|
|At 31August 2019|525,363||3,788|38,306|6,734|574,191|
##
##
|11.DEBTORS - AMOUNTS|11.DEBTORS - AMOUNTS|FALLING|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|Group||||||E|E|
|Trade debtors||||||26,694|436|
|Rent and service charges receivable||||||22,508|33,134|
|Less provision|for bad|debts||||(2,567)|(1,003)|
|Other debtors||||||44,822|48,955|
|Prepayments|and accrued income|||||48,018|46,986|
|||||||139,475|128,508|
|||||||2020|2019|
|Charity|||||||E|
|Rent and service charges receivable||||||22,508|33,134|
|Less provision|for bad|debts||||(2,567)|(1,003)|
|Other debtors||||||43,433|36,223|
|Amounts
due|from subsidiary||and|associated|undertakings|||
|Prepayments|and accrued income|||||46,418|43,786|
|||||||109,792|112,140|
|12.CREDITORS - AMOUNTS DUE FALLING WITHIN ONE YEAR||||||||
|||||||2020|2019|
|Group||||||E|E|
|Bank loan||||||27,746|24,792|
|Trade creditors||||||57,107|65,409|
|Rent and service charges received||||in advance||2,439|8,234|
|YMCA pension|deficit|agreement||plan||6,362|5,954|
|Deferred capital grant||(note 15)||||3,738|2,838|
|Other taxation|and social security||||||10,271|
|Other creditors||||||115,028|83,648|
|Accruals and deferred||income||||319,144|119,665|
|||||||531,564|320,811|
##
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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|Charity|||||||E|E|
|Bank loan|||||||27,746|24,792|
|Trade creditors|||||||52,682|65,409|
|Rent and service charges received||in advance|||||2,439|8,234|
|YMCA pension deficit agreement||plan|||||6,362|5,954|
|Deferred capital grant (note|15)||||||3,738|2,838|
|Other taxation and social security||||||||10,271|
|Other creditors|||||||67,957|18,468|
|Accruals and deferred
income|||||||285,470|97,805|
||||||||446,394|233,771|
|Group accruals and deferred|income includes||the following|deferred|income:||||
||||||||2020|2019|
|Group and Charity|||||||E|E|
|National
Lottery Community|Fund|(Reaching Communities)||||||24,644|
|National
Lottery Community|Fund|(RC London|and South East Region)||||64,517||
|National
Lottery Community|Fund|(Coronavirus|Community|Support|Fund)||92,061||
|Co-operative
Foundation/Big|Lottery¹iwill||||||11,667|11,667|
|Essex Community
Foundation|||||||5,000||
|Virtual School|||||||8,750||
|Essex Police||||||||3,112|
|Kids Inspire - Fammily
Innovation||Fund|||||2,083|2,083|
|Southend
Borough Council||||||||3,735|
|Southend
Borough Council young||peoples homeless service||(Supporting||People)|12,154|12,154|
||||||||196,232|57,395|
|REDITORS - AMOUNTS DUE|FALLING AFTER ONE YEAR||||||||
||||||||2020|2019|
|Group and Charity|||||||E|E|
|Bank loan|||||||752,902|781,707|
|YMCA pension deficit agreement||plan|||||44,676|51,038|
|Deferred capital grant (note|15)||||||297,578|266,215|
||||||||1,095,156|1,098,960|
##
##
##
##
|EBTANALYSIS||||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2020|2019|2020|2019|
|||E|E|E||
|Bank loan repayable|by instalments:|||||
|Within one year||27,746|24,792|27,746|24,792|
|After one year||752,902|781,707|752,902|781,707|
|||780,648|806,499|780,648|806,499|
##
##
|DEFERRED CAPITAL|GRANT|||
|---|---|---|---|
|||2020|2019|
|Group and Charity||E|E|
|At 1September 2019||269,053|271,891|
|Grant received
in the year||36,000||
|Released to income|in the year|(3,737)|(2,838)|
|At 31August 2020||301,316|269,053|
##
|Total future
minimum
lease payments
under non-cancellable
as follows:|operating
leases for each ofthe following|periods
is|
|---|---|---|
||2020|2019|
|Group|E|E|
|Within one year|16,815|21,938|
|Between one and five years|26,518|47,210|
||43,333|69,148|
||2020|2019|
|Charity|E|E|
|Within one year|13,478|20,463|
|Between one and five years|23,102|44,260|
||36,580|64,723|
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|The amounts|recognised|in the balance sheet are as follows:|||
|---|---|---|---|---|
||||Degned benefit||
|||||pension
plans|
||||2020|2019|
||||E|E|
|Present value offunded||obligations|(361,000)|(277,000)|
|Fair value of|plan assets||171,000|206,000|
||||(190,000)|(71,000)|
|Deficit|||(190,000)|(71,000)|
|The amounts|recognised|in the statement offinancial activities are:|||
||||Degned benegt||
|||||pension
plans|
||||2020|2019|
||||E||
|Current service cost|||49,000|36,000|
|Past service cost|||||
|Interest cost|||1,000||
||||50,000|36,000|
##
##
##
|Changes|in the|present
value ofthe defined benefit obligation
|are as follows:|are as follows:|
|---|---|---|---|---|
||||Defined benefit||
|||||pension plans|
||||2020|2019|
||||f|E|
|Opening|defined benefit obligation||(277,000)|(207,000)|
|Current|service cost||(49,000)|(36,000)|
|Interest|cost||(5,000)|(5,000)|
|Contributions||by scheme participants|(7,000)|(6,000)|
|Actuarial|losses/(gains)||(23,000)|(23,000)|
|Closing|defined|benefit obligation|(361,000)|(277,000)|
|Changes|in t|he fair value ofthe share ofscheme assets:|||
|---|---|---|---|---|
||||Defined beneet||
|||||pension
plans|
||||2020|2019|
||||E|E|
|Opening|fair|value ofscheme assets|(206,000)|(169,000)|
|Interest|income||(4,000)|(5,000)|
|Contributions||by employer|(22,000)|(17,000)|
|Contributions||by scheme participants|(7,000)|(6,000)|
|Actuarial|losses/(gains)||68,000|(9,000)|
|Closing fair value ofscheme assets|||(171,000)|(206,000)|
|||2020|2019|
|---|---|---|---|
|RPI increases||3.1%|3.3%|
|CPI increases||2.3%|2.3%|
|Future salary increases||3.3%|3.8%|
|Future pension|increases|2.3%|2.3%|
|Discount rate||1.6%|1.8%|
##
##
##
||||At 31August|
|---|---|---|---|
|||2020|2019|
|Retiring|today|||
|Males||21.8|21.3|
|Females||23.8|23.6|
|Retiring|in 20years|||
|Males||23.2|23.0|
|Females||25.2|25.4|
|The group's|shar|e ofthe assets in the scheme was:|||
|---|---|---|---|---|
||||Fair value at 31August||
||||2020|2019|
||||E|6|
|Equities|||106,000|130,000|
|Gilts|||7,000|11,000|
|Corporate|bonds||10,000|12,000|
|Property|||13,000|16,000|
|Cash|||5,000|6,000|
|Alternative|assets||20,000|20,000|
|Other managed||funds|10,000|11,000|
|Total market value ofassets|||171,000|206,000|
##
##
##
|The Grou|p's financial instrume|nts
may be|analysed
as follows:||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||E|E|
|Financial|assets:||||||
|Financial|assets that are debt|instruments|measure at amortised|cost|1,390,350|1,099,804|
|Financial|liabilities:||||||
|Financial|liabilities measured|at amorlised|cost||955,222|974,061|
##
|MOVEMENT
IN|R|ESTRI|CT|ED RESE|RVES||||
|---|---|---|---|---|---|---|---|---|
|||||||As at 1|Movement
in|As at 31|
|||||||September
2019|the year|August 2020|
|||||||E|||
|Residents fund||||||8,147||8,147|
|The National
Lottery Community|||||Fund - RC London and South East||||
|Region|||||||22,579|22,579|
|YMCA - TYP||||||19,978|(19,978)||
|Better Start||||||8,368|(2,879)|5,489|
|Co-op Foundation/Big|||Lottery Fund ¹iwillfund Grant|||10,690|(2,191)|8,499|
|Family Innovation||Fund|||||5,567|5,567|
|South Essex Community||||School:|||||
|Commissioning|Fund|||||452,971|113,013|565,984|
|Special Education||Projects||||3,845|(936)|2,909|
|Other grants||||||16,181|(5,700)|10,481|
|Pension||||||(71,000)|(119,000)|(190,000)|
|Restricted fixed|assets||funds|||2,006,181|(33,092)|1,973,089|
|Total Restricted||Reserves||||2,455,361|(42,617)|2,412,744|
##
##
##
##
##
##
##
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||E||
|Incoming resources from charitable||activities - Educational||operations|863,210|862,322|
|Incoming resources from charitable||activities - Other income|||9,997|12,994|
|Resources expended|||||(918,666)|(896,312)|
||||||(45,459)|(20,996)|
|The aggregate ofthe assets, liabilities|||and reserves were:||||
||||||2020|2019|
||||||E|E|
|Fixed Assets|||||1,973,089|2,006,181|
|Current Assets|||||673,649|568,886|
|Current
Liabilities|||||(275,178)|(158,047)|
||||||2,371,560|2,417,020|
|ECONCIUATION
OF|NET MOVEMENT||IN RESERVESTO NET CASH FLOW FROM OPERATING ACTIVITES||||
||||||Group||
||||||2020|2019|
||||||E|E|
|Surplus/(Deficit)
for|the year||||(42,705)|(71,008)|
|Depreciation
ofhousing
properties|||||17,872|18,414|
|Depreciation
ofother fixed assets|||||77,522|69,744|
|Loss on sale of housing property||||||16,050|
|Loss on sale ofother|fixed assets||||274||
|Interest payable|||||19,675|22,545|
|Interest received|||||(1,269)|(1,598)|
|Capital grant|||||(36,000)||
|Decrease/(Increase)|in debtors||||(10,967)|21,818|
|(Decrease) in creditors|||||351,800|(3,668)|
|Net cash generated|from operating|activities|||376,202|72,297|
##
##
##
##
|23.ANALYSIS OF|CHANGES|IN NET DEBT||||||
|---|---|---|---|---|---|---|---|
||||As at 1|||Other non-||
||||September|||cash|As at31|
||||2019|Cash|flows|movements|August 2020|
|Cash|||1,018,282|280,611|||1,298,893|
|Loans due within one year|||(24,792)|25,851||(28,805)|(27,746)|
|Loans due after one year|||(781,707)|||28,805|(752,902)|
||||211,783|306,462|||518,245|
|24.CAPITAL COMMITMENTS||||||||
||||Group|||Charity||
||||2020||2019|2020|2019|
||||E|E||E||
|Capital expenditure||||||||
|Expenditure|authorised|by the board, but not||||||
|contracted|||53,856|||53,856||
||||53,856|||53,856||
##
##
##
##
|capital and, in accordance with the Memorandum
ofAssoci
in the event ofthe company
being wound
up.|ation;
every member
is liable to contribute
a|sum ofE1|
|---|---|---|
||2020|2019|
|Number ofmembers|No|No|
|At 1September|8|8|
|Joining during the year|1|1|
|Leaving during the year|(2)|(1)|
|At 31August|7|8|