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← Independent Housing UK Ltd

2021-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 5
Statement ofTrustees' Responsibilities
Report ofthe Independent
Auditors		 7 to 10
Statement ofFinancial Activities
Statement ofFinancial Position 12
Statement ofCash Flows 13
Notes to the Statement ofCash Flows 14
Notes tothe Financial Statements 15 to 22

TRUSTEES GWBosanko (resigned 7.7.20) GWBosanko (resigned 7.7.20)
NJRichmond
Mrs JEHall (appointed 7.7.20)
Mrs JEMalyon (appointed 28.10.20)
REGISTERED OFFICE Suite 1,Armcon Business Park
London Road South
Poynton
Cheshire
SK12ILQ
REGISTERED COMPANY 06187822(England and Wales)
NUMBER
REGISTERED CHARITY 1121825
NUMBER
AUDITORS Azets Audit Services
4Greek Street
Stockport
Cheshire
SK38AB
SOLICITORS Forbes Solicitors
Church House
90Deansgate
Manchester
M3 2GP
Barclays Bank PLC
Leicester
LE872BB

S
r
'
for		 m n ofFinancial Activit
n Income aud E		 ies
31.3.21 31.3.20
Unrestricted Total
fund funds
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable activities 5,538,068 2,281,214
Investinent income 5 31
Other income 1,031,199 519,189
Total 6,569,272 2,800,434
EXPENDITURE ON
Charitable activities
Charitable activities 5,402,859 2,253,914
Other 1,022,544 348,213
Total 6,425,403 2,602,127
NET INCOME 143,869 198,307
RECONCILIATION OFFUNDS
Total funds brought forward 522,020 323,713
TOTAL FUNDS CARRIED FORWARD 665,889 522,020

31.3.21 31.3.20
Unrestricted Total
fund funds
Notes
FIXEDASSETS
Tangible assets 13 13,983 20,908
CURRENT ASSETS
Debtors 14 537,209 391,493
Cash at bank 768,161 338,347
1,305,370 729,840
CREDITORS
Amounts
falling due within one year		 15 (651,224) (221,113)
NET CURRENT ASSETS 654,146 508,727
TOTAL ASSETSLESSCURRENT
LIABILITIES 668,129 529,635
CREDITORS
Amounts
falling due atter more than one year		 16 (2,240) (7,615)
NET ASSETS 665,889 522,020
FUNDS 19
Unrestricted
funds		 665,889 522,020
TOTAL FUNDS 665,889 522,020

In de
cadent Housin
LKLi		 mited
tatement ofCash
31.3.21 31.3.20
Notes f
Cash flows from operating activities
Cash generated
from operations		 1 436,281 184,786
Interest element ofhire purchase payments
paid (1,097) (1,099)
Net cash provided by operating
activities		 435,184 183,687
Cash flows from investing activities
Interest received 31
Net cash piovided by investing
activities		 31
Cash tlows from financing activities
Capital repayments
in year		 (5,375) (5,375)
Net cash used in financing activities (5,375) (5,375)
Change in cash and cash equivalents in
tbe reporting
period		 429,814 178,343
Cash and cash equivalents at the
beginning
ofthe reporting		 period 338,347 160,004
Cash and cash equivalents at the end of
the reporting period 768,161 338,347

31.3.21 31.3.20
Net income for the reporting period (as per the Statement ofFinancial
Activities) 143,869 198,307
Adjustments
for:
Depreciation
charges		 6,924 8,653
Interest received (5) (31)
Interest element ofhire purchase and finance lease rental payments 1,097 1,099
Increase in debtors (145,714) (117,684)
Increase in creditors 430,110 94,442
Net cash provided by operations 436,281 184,786

ANALYSIS OFCHANGES IN NET F UNDS
At 1.4.20 Cash flow At 31.3.21
Net cash
Cash at bank 338,347 429,814 768,161
338,347 429,814 768,161
Debt
Finance leases (12,990) 5,375 (7,615)
(12,990) 5,375 (7,615)
Total 325,357 435,189 760,546

Notes t
1
m
f r beYear Ended31		 Notes t
1
m
f r beYear Ended31		 Notes t
1
m
f r beYear Ended31		 Notes t
1
m
f r beYear Ended31		 Notes t
1
m
f r beYear Ended31		 Notes t
1
m
f r beYear Ended31		 -continued
ar
INCOME FROM CHARITABLE ACTIVITIES
31.3.21 31.3.20
Activity
Core rent Charitable activities 5,477,186 2,179,658
Maintenance,
management
and other service recharges Charitable activities 43,035 93,321
Tenants personal charges Charitable activities 17,847 8,235
5,538,068 2,281,214
5. OTHER INCOME
31.3.21 31.3.20
Other income 1,017,749 506,743
Office Recharges 13,450 12,446
1,031,199 519,189
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
Charitable activities 5,390,816 12,043 5,402,859
7. SUPPORT COSTS
Governance
costs
Charitable activities 12,043
Support costs, included in the above, are as follows: 31.3.21 31.3.20
Charitable Total
activities activities
Auditors' remuneration 6,600 7,725
Accountancy
and		 legal fees 5,443 5,100
12,043 12,825

OTHER
31.3.21 31.3.20
Maintenance charges 1,015,620 339,560
Depreciation 6,924 8,653
1,022,544 348,213

31.3.21 31.3.20
I
Auditors'
remuneration		 6,600 7,725
Depreciation - owned assets 6,925 8,653
Hire ofplant and machinery 1,850 1,964

STAFFCOSTS
31.3.21 31.3.20
Wages and salaries 330,813 224,506
Social security costs 30,672 19,823
Other pension costs 5,142 3,662
366,627 247,991
The average monthly number ofemployees during the year was as follows:
31.3.21 31.3.20
Direct charitable
expenses		 9 7
The number ofemployees whose employee benefits (excluding employer pension costs) exceeded f60,000was:
31.3.21 31.3.20
k70,001 - F80,000 1

oftotal recog nised
gains and losses has not been p		 repared.
13, TANGIBLE FIXEDASSETS
Fixtures
and Motor Computer
fittings vehicles
f		 equipment Totals
COST
At 1 April 2020 and 31Mamh 2021 9,287 25,250 4,845 39,382
DEPRECIATION
At 1 April 2020 5,617 9,074 3,783 18,474
Charge for year 2,118 4,044 763 6,925
At 31March 2021 7,735 13,118 4,546 25,399
NET BOOK VALUE
At 31March 2021 1,552 12,132 299 13,983
At 31March 2020 3,670 16,176 1,062 20,908
14. DEBTORS
31.3.21 31.3.20
Amounts
falling due within one year:
Trade debtors 55,392 25,341
Other debtors 54,898 4,305
Amounts
due		 from related party 235,445
Prepayments and accrued income 266,889 126,402
377,179 391,493
Amounts
falling due afier more than one year:
Other debtors 160,030
Aggregate
amounts		 537,209 391,493

31.3.21 31.3.20
Hire purchase (see note 17) 5,375 5,375
Trade creditors 78,485 50,883
Amounts
due to related party		 42,685
Social security and other taxes 12,063 5,756
Other creditors 1,382 506
Accrued expenses 553,919 115,908
651,224 221,113
CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
31.3.21 31.3.20
Hire purchase (see note 17) 2,240 7,615
LEASING AGREEMENTS
Minimum
lease payments		 fall due as follows:
Hire purchase contracts
31.3.21 31.3.20
Net obligations
repayable:
Within one year 5,375 5,375
Between one and tive years 2,240 7,615
7,615 12,990

Finance
charges of SL097 (2020 - 61,099) were in
hire-purchase
agreements.		 curred
for the year ended
31 March
2021 i		 curred
for the year ended
31 March
2021 i		 n relation
Non-cancellable operating
leases
31.3.21 31.3.20
Within one year 2,775,100 2,317,191
Between one and five years 4,530,011 5,389,882
In more than five years 5,824,093 5,867,518
13,129,204 13,574,591

The following secured debts are i ncluded
within creditors:
31.3.21 31.3.20
Hire purchase contracts 7,615 12,990
The hire purchase creditor is secured on the asset being financed.
MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
Unrestricted funds
General fund 522,020 143,869 665,889
TOTAL FUNDS 522,020 143,869 665,889
Net tnovernent in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
K
Unrestricted funds
General fund 6,569,272 (6,425,403) 143,869
TOTAL FUNDS 6,569,272 (6,425,403 ) 143,869
Comparatives for movement in funds
Net
movement At
At 1.4.19 in funds 31.3.20
Unrestricted funds
General fund 323,713 198,307 522,020
TOTAL FUNDS 323,713 198,307 522,020

Incoming Resources Movement
resources expended
f		 in funds
f
Unrestricted funds
General Rnd 2,800,434 (2,602,127) 198,307
TOTAL FUNDS 2,800,434 (2,602,127) 198,307
A current year 12months and prior year 12months combined position is as follows:
Net
movement At
At 1.4.19 in funds 31.3.21
I
Unrestricted funds
General fund 323,713 342,176 665,889
TOTAL FUNDS 323,713 342,176 665,889
Incoming Resources Movement
rcsollrccs
f		 expended in funds
f,
Unrestricted funds
Geneml fund 9,369,706 (9,027,530) 342,176
TOTAL FUNDS 9,369,706 (9,027,530) 342,176