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|||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||
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||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|
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||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|
##
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|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||
##
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##
|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|
##
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