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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe|charity, its Trustees and advisers||
|Trustees' report||||2-14|
|Trustees'
responsibilities
statement||||I5|
|Independent
auditors'|report|on the financial|statements|16-18|
|Statement offinancial|activities|||19|
|Balance sheet||||20|
|Statement ofcash flows||||21|
|Notes to the financial|statements|||22-36|
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|Trustees||||Mr. tLT. Crozer, Chair||
|---|---|---|---|---|---|
|||||Ms. A.McNally (resigned|27 April 2021)|
|||||Mrs. E.Paterson||
|||||Mrs. S.Burley (appointed|13May 2020)|
|||||Mr. S.Phipps (appointed|14April 2021)|
|||||Mr. D.Bloomfield||
|||||Mr. C.Doyle||
|||||Ms. K.Bourne (appointed|5 July 2021)|
|||||Mr. R.Kirwan (appointed|5 July 2021)|
|Company|registered||number|05159125||
|Charity registered|||number|1111057||
|Registered||office||411High Street||
|||||Chatham||
|||||Kent||
|||||ME4 4NU||
|Company|secretary|||Mrs. E.Paterson||
|independent||auditors||UHY Kent LLP t/a UHY|Hacker Young|
|||||Chartered
Accountants||
|||||Statutory
Auditors||
|||||Thames House||
|||||Roman Square||
|||||Sittingboume||
|||||Kent||
|||||ME104BJ||
|Bankers||||Lloyds Bank pic||
|||||82 Mount Pleasant Road||
|||||Tunbridge
Wells||
|||||Kent||
|||||TN1 1RP||
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|I)|Improving|Improving|the standard ofsupport and|the standard ofsupport and|2)|Continue to|Continue to|improve AMAT's financial|improve AMAT's financial|
|---|---|---|---|---|---|---|---|---|---|
||accommodation
provision for our Residents|||||stability:||||
||o|Continue|to review AMAT's property
portfolio-|||o|Developing
property
assets|||
|||operating|formula|||o|Continue|to develop AMAT's financial operating||
||o|Refine delivery
and improve
health and safety risk,|||||position|||
||o|Program|ofproactive work|||o|Regular rent review|||
||o|Theory ofChange development||||o|3%efficiencies across 3 key areas||ofAMAT (Core,|
||o|Complete|M-QAF assessment||||Support and Facilities)|||
||o|Evictions|and abandonments
—refimtive practice.|||||||
||o|Develop|services from 411HUB.|||||||
|3)|Improve
the workplace
environment for the|||||d)|Governance
and fundraising:|||
||staff:|||||||||
|||Improved
staff working
conditions|||||Impmve|the Board's knowledge,|communications,|
|||Obtain|Health and Wellbeing
charter||||and skill|base||
|||Review|the wage structure||||Increase|Board numbers||
|||Review|ofthe supervision
and apprmsal|process|||Increase|Board diversity||
|||Review|of JD's and KPI's for every role||||Continue|to develop fundraising|and|
||||||||communication
strategy.|||
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|||||Unrestricted||Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|Restricted funds|funds|fimdr|
|||||2021|2021|2021|2020|
||||Note|||||
|Income from:||||||||
|Donations
and|legacies|||7,274|260,564|267,838|259,904|
|Charitable
activities||||3,742,805||3,742,805|3,805,060|
|Other trading|activities|||3.902||3,902|12,431|
|Investments||||31,542||31,542|43,158|
|Total income||||3,785,523|260,564|4,046,087|4,120,553|
|Expenditure
on:||||||||
|Raising funds||||14,742||14,742|15,063|
|Charitable
activities|||8|3,555,596|283,059|3,838,655|4,030,357|
|Total expenditure||||3,570,338|283,059|3,853,397|4,045,420|
|Net movemcnt|in funds|||215,185|(22,495)|192,690|75,133|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||562,504|115,241|677,745|602612|
|Net movement|in funds|||215,185|(22,495)|192,690|75,133|
|Total funds carried||forward|17|777,689|92,746|870,435|6'77,745|
##
|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|Tangible assets||13||867,480||853,511|
|Current assets|||||||
|Debtors||14|391,638||513,244||
|Cash at bank and in|hand||502,752||158,4o4||
||||894,390||6'71,708||
|Creditors: amounts|falling due within one year|15|(360,457)||(278,152)||
|Net current assets||||533,933||393,556|
|Total assets less current liabilities||||1,401,413||1,247,067|
|Creditors: amounts|falling due atter more than one||||||
|year||16||(530,978)||(569,322)|
|Total net assets||||870,435||677,745|
|Charity funds|||||||
|Restricted funds||17||92,746||115,241|
|Unresmcted
funds||17||777,689||562,504|
|Total funds||||870,435||677,745|
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|||||2021f|2020|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net cash used in operating|activities|||437,084|88,421|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||31,542|43,158|
|Purchase oftangible fixed assets||||(65,748)|(53,253)|
|Net cash used in investing|activities|||(34,206)|(10,095)|
|Cash flows from financing|activities|||||
|Repayments
ofborrowing||||(58,590)|(50,116)|
|Net cash used in financing|activities|||(58,590)|(50,116)|
|Change in cash and cash equivalents||in the year||344,288|28,210|
|Cash and cash equivalents|at the beginning ofthe year|||158,464|130,254|
|Cash and cash equivalents|at the eud|ofthe year||502,752|158,464|
|The notes on pages 22 to 36 form part||ofthese financial|statements|||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|faads|
|||||2021f|2021f|2021|2020|
|Donations||||6,765||6,765|9,710|
|Grants||||509|260,564|261,073|250,194|
|||||7,274|260,564|267,838|259,904|
|Analysis|of2020|total|byfund|11,157|249,747|259,904||
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||||Unrestmcted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
|Housing|and support||3,223,320|3,223,320|3,198,885|
|Temporary||accommodation|143,412|143,412|208,925|
|Provision||offacilities|376,073|376,073|397,250|
||||3,742,805|3,742,805|3,805,060|
|Analysis|of2020 total byfund||3,805,060|3,805,060||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021I|2020
6|
|Maintenance|income|1,851|1,851|7,225|
|Services to|residents|2,051|2,051|5,206'|
|||3,902|3,902|12,431|
|Analysis of20ZO intel byfund||12,431|12,431||
|Investment|income||||
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2021I|2021|2020|
|Rent receivable||31,502|31,502|43,064|
|Bank interest||40|40|94|
|||31,542|31,542|43,158|
|Analysis of2020 total byfund||43,158|43,158||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2020|
|Staffcosts||||1,203,828|1,320,206|
|Depreciation||||51,777|37,o64|
|Rent||||1,532,832|1,66'3, 026|
|Repairs and|maintenance|||197,567|186,908|
|Security services||||50,193|85,438|
|Fire, health|and|safety||15,839|24,341|
|Training
and staff costs||||6,043|12,098|
|Motor and travel||||14,758|17,107|
|Telephone||||40,745|37,375|
|Gas and utilities||||177,551|185,979|
|Council tax|and|water rates||150,834|124,488|
|Hostel supplies||and refreshments||64,617|73,479|
|Cleaning
and laundry||||28,714|29,258|
|Legal and professional||||43,395|48,942|
|PAYE/NIC|settlement|||69,138||
|Finance charges||and interest||5,632|6579|
|Insurance||||35,365|46,239|
|Bad debts||||43,801|14,927|
|Sundry||||18,487|16,555|
|||||3,751,116|3,930,609|
|Analysis of|support costs|||||
|||||Total|Total|
|||||funds|firnds|
|||||2021|2020|
|Postage, stationery
and|||computing|40,269|49,612|
|Legal and professional||||9,000|8,000|
|Payroll and|management||accountancy|7,301|7,211|
|Finance charges||and interest||30,969|34,925|
|||||87,539|99,748|
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|Staffcosts|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020|
||||||||||8||
|Wages and|salaries||||||||1,102,063|I,215,6I7|
|Social security costs|||||||||82,597|83,89I|
|Contribution|to defined|contribution||pension||schemes|||19,168|20,698|
||||||||||1,203,828|l,320,206|
|The average|number ofpersons employed||||by|the charity|during|the year was as follows;|||
||||||||||2021|2020|
||||||||||No.|No.|
|Management|||||||||9|lo|
|Other staff|||||||||52|59|
||||||||||61|69|
|The average|headcount|expressed|as|full-time||equivalents|was:||||
||||||||||2021|2020|
||||||||||No.|No.|
|Management|||||||||9|lo|
|Other staff|||||||||47|54|
||||||||||56|64|
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||||Freehold||Fixtures and||
|---|---|---|---|---|---|---|
||||property|Motor vehiclesf|fittings
f,|Total|
||Cost||||||
||At 1 April 2020||836,941|22,356|230,660|1,089,957|
||Additions|||19,196|46,552|65,748|
||At 31March|2021|836,941|41,552|277,212|1,155,705|
||Depreciation||||||
||At 1April 2020||74,858|9,536|152,052|236,446|
||Charge for the year||13,651|8,389|29,739|51,779|
||At 31March|2021|88,509|17,925|181,791|288,225|
||Net book value||||||
||At 31 March|2021|748,432|23,627|95,421|867,480|
||At31March|2020|762,083|12,820|78,608|853,511|
|14,|Debtors||||||
||||||2021|2020|
||Trade debtors||||326,445|442,796|
||Other debtors||||1,920|174|
||Prepayments|and accrued income|||63,273|70,274|
||||||391„638|513,244|
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||||2021f|2020f|
|---|---|---|---|---|
|Bank loans|||14,667|11,215|
|Other loans|||22,043|14,771|
|Trade creditors|||6,662|53,555|
|Other taxation|and social security||48,487|19,807|
|Other creditors|||133,793|107,552|
|Accruals and deferred||income|134,805|71,252|
||||360,457|278,152|
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|||2021|2020|
|---|---|---|---|
|Bank|loans|456,493|472,900|
|Other|loans|74,485|96,422|
|||530,978|569,322|
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||||2021f|2020|
|---|---|---|---|---|
|Repayable|by|instalments|416,422|440,948|
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|Statement offunds|Statement offunds|||||
|---|---|---|---|---|---|
|Statement offunds - current year||||||
|||Balance atI|||Balance at 31|
|||April 2020|Income|Expenditure|March 2021|
|||8||||
|Unrestricted
funds||||||
|General funds||562,504|3,785,523|(3,570,338)|777,689|
|Restricted
funds||||||
|The National Lottery Community|Fund|54,283|97,044|(106,593)|44,734|
|People's Postcode Trust||2,941||(2,047)|894|
|Edward Gostling Foundation||440||(440)||
|Arts Council England||1,723|997|(2,720)||
|Reach Fund||8,900|||8,900|
|Big Issue Invest Trust|||8,000|(8,000)||
|Nationwide
Foundation||46,954||(13,166)|33,788|
|Charities Aid Foundation|||47,695|(47,695)||
|L&Q Foundation|||10,000|(10,000)||
|The Screwfix Foundation|||4,280||4,280|
|Homeless Link|||88,548|(88,548)||
|Change Manage Social Investors|||4,000|(3,850)|150|
|||115,241|260,564|(283,059)|92,746|
|Total offunds||677,745|4,046,087|(3,853,397)|870,435|
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|Statement offunds|(continued)||||||
|---|---|---|---|---|---|---|
|Statement offunds|- prior year||||||
|||Balance ai||||Balance al|
|||IApril 2019I|Income|Expenditure
f|Transfersin/ont|31March 2020|
|Unrestricted
funds|||||||
|General funds||523,599|3,871,806|(3,869,117)|36,216|562,504|
|Restricted
funds|||||||
|The National Lottery Community|||||||
|Fund||60,639|132,820|(139,176)||54,283|
|People's Postcode Trust||18,374||(2,777)|(12,656)|2,941|
|The Clothworkers'|Foundation||16,000||(16,000)||
|Edward Gostling Foundation|||8,000||(7,560)|440|
|Arts Council England|||8,973|(7,250)||I,723|
|Reach Fund|||11,000|(2,100)||8,900|
|BigIssue Invest Trust|||25,000|(25,000)|||
|Nationwide
Foundation|||46,954|||4o,954|
|||79,013|248,747|(176,303)|(36,216)|115,241|
|Total offunds||602,612|248,747|(4,045,420)||677,745|
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|Analysis|ofnet assets between
funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|Tangible|fixed assets|867,480||867,480|
|Current|assets|801,644|92,746|894,390|
|Creditors|due within one year|(360,457)||(360,457)|
|Creditors|due in more than one year|(530,978)||(530,978)|
|Total||777,689|92.746|870,435|
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|||Unrestricted||Total|
|---|---|---|---|---|
|||funds|Restricted funds|funds|
|||2020
f|2020
f|2020|
|Tangible|fixed assets|853,511||853,511|
|Current|assets|556,467|115,241|671,708|
|Creditors|due within one year|(278,152)||(278,152)|
|Creditors|due in more than one year|(569,322)||(569,322)|
|Total||562,504|115,241|677,745|
||||||2021|2020|
|---|---|---|---|---|---|---|
||Net income|for the|year (as per Statement ofFinancial Activities)||192,690|75,133|
||Adjustments|for:|||||
||Depreciation|charges|||51,779|37, 6'6'4|
||Dividends,
interests||and rents||(31,542)|(43,158)|
||Decrease in|debtors|||121,606|18,312|
||Increase in creditors||||102,551|470|
||Net cash provided||by operating|activities|437,084|88,421|
|20,|Analysis of|cash and cash equivalents|||||
||||||2021|2020f|
||Cash in hand||||502,752|158,464|
||Total cash and cash equivalents||||502,752|158,46'4|
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||||At 1 April||At 31March|
|---|---|---|---|---|---|
||||2020|Cash flows|2021|
|Cash|at bank and in hand||158,464|344,288|502,752|
|Debt|due within|1 year|(25,986)|(10,724)|(36,710)|
|Debt|due after 1 year||(569,322)|38,344|(530,978)|
||||(436,844)|371,908|(64,936)|
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|||2021|2020|
|---|---|---|---|
|Not later|than 1year|381,214|242,128|
|Later than|1 year and not later than 5years|217508|317358|
|||598,722|559,486|
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