| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details | ||||
| Report ofthe Trustees | 2 | to | 6 | ||
| Statement ofTrustees' | ResponsibiTities | ||||
| Report ofthe Independent Auditors |
8 | to | 11 | ||
| Statement ofFinancial | Activities | 12 | |||
| Statement ofFinancial | Position | 13 | |||
| Statement ofCash Flows | 14 | ||||
| Notes to the Statement | ofCash | Flows | 15 | ||
| Notes to the Financial | Statements | 16 | to | 23 | |
| Detailed Statement of | Financial | Activities | 24 | to | 25 |
| TRUSTEES | NJRichmond | ||
|---|---|---|---|
| Mrs JEHall | |||
| Mrs JEMalyon | |||
| NJThompson | (appointed 24.8.22) | ||
| REGISTERED | OFFICE | Suite 1,Armcon Business Park | |
| London Road South | |||
| Poynton | |||
| Cheshire | |||
| SK12 1LQ | |||
| REGISTERED | COMPANY | 06187822 (England and Wales) | |
| NUMBER | |||
| REGISTERED | CHARITY | 1121825 | |
| NUMBER | |||
| AUDITORS | Azets Audit Services | ||
| 4 Greek Street | |||
| Stockport | |||
| Cheshire | |||
| SK38AB | |||
| SOLICITORS | Forbes Solicitors | ||
| Church House | |||
| 90Deansgate | |||
| Manchester | |||
| M3 2GP | |||
| BANKERS | Barclays Bank | PLC | |
| Leicester | |||
| LE872BB |
| for the | Year | En | ded 31March 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||||
| Unrestricted | Total | |||||||
| fund | funds | |||||||
| Notes | ||||||||
| INCOME AND ENDOWMENTS FROM | ||||||||
| Charitable activities |
||||||||
| Charitable activities |
5,789,246 | 5,538,068 | ||||||
| Investment income |
31 | 5 | ||||||
| Other income | 588,163 | 1,031,199 | ||||||
| Total | 6,377,440 | 6,569,272 | ||||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Charitable activities |
5,416,824 | 5,402,859 | ||||||
| Other | 946,257 | 1,022,544 | ||||||
| Total | 6,363,081 | 6,425,403 | ||||||
| NET INCOME | 14,359 | 143,869 | ||||||
| RECONCILIATION | OF | FUNDS | ||||||
| Total funds brought forward | 665,889 | 522,020 | ||||||
| TOTAL FUNDS CARRIED FORWARD | 680,248 | 665,889 | ||||||
| CONTINUING OPERATIONS |
||||||||
| The Statement ofFinancial |
Activities | has been | prepared | on the basis that all operations | are continuing | operations. None |
||
| ofthe charity's activities were acquired |
or discontinued | during the period. |
| In e endentHousin UKLitnited |
In e endentHousin UKLitnited |
|||
|---|---|---|---|---|
| Statement ofFinancial Position | ||||
| 31March 2022 | ||||
| 31.3.22 | 31.3.21 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 13 | 3,426 | 13,983 | |
| CURRENT ASSETS | ||||
| Debtors | 14 | 699,175 | 537,209 | |
| Cash at bank | 285,893 | 768,161 | ||
| 985,068 | 1,305,370 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
15 | (308,246) | (651,224) | |
| NET CURRENT ASSETS | 676,822 | 654,146 | ||
| TOTAL ASSETSIESSCURRENT | ||||
| LIABILITIES | 680,248 | 668,129 | ||
| CREDITORS | ||||
| Amounts falling due after more than one |
year | 16 | (2,240) | |
| NKT ASSETS | 680,248 | 665,889 | ||
| FUNDS | 19 | |||
| Unrestricted funds |
680,248 | 665,889 | ||
| TOTAL FUNDS | 680,248 | 665,889 |
| Statement ofCash Flows | |||||||
|---|---|---|---|---|---|---|---|
| for | the Year Ended 31March 2022 | ||||||
| 31.3.22 | 31.3.21 | ||||||
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
(482,290) | 436,281 | |||||
| Interest element ofhire purchase payments | |||||||
| paid | (977) | (1,097) | |||||
| Net cash (used in)/provided | by operating | activities | (483,267) | 435,184 | |||
| Cash flows from investing | activities | ||||||
| Sale oftangible fixed assets | 6,198 | ||||||
| Interest received | 31 | ||||||
| Net cash provided by investing activities |
6,229 | ||||||
| Cash flows from financing | activities | ||||||
| Capital repayments in year |
(5,230) | (5,375) | |||||
| Net cash used in financing | activities | (5,230) | (5,375) | ||||
| Change in cash and cash | equivalents | in | |||||
| the reporting period |
(482,268) | 429,814 | |||||
| Cash and cash equivalents | at the | ||||||
| beginning ofthe reporting |
period | 768,161 | 338,347 | ||||
| Cash and cash equivalents | at the end | of | |||||
| the reporting period |
285,893 | 768,161 |
| 31.3.22 | 31.3.21 | |||
|---|---|---|---|---|
| Net income for the reporting | period (as per the Statement ofFinancial | |||
| Activities) Adjustments for: |
14,359 | 143,869 | ||
| Depreciation charges |
4,359 | 6,924 | ||
| Interest received Interest element ofhire purchase Increase in debtors (Decrease)/increase in creditors |
and finance lease rental payments | (31) 977 (161,966) (339,988) |
(5) 1,097 (145,715) 430,111 |
|
| Net cash (used in)/provided | by | operations | (482,290) | 436,281 |
| ANALYSIS OF CHANGES | IN | NET FUNDS | ||
| At 1,4.21 | Cash flow | At 31.3.22 | ||
| Net cash | ||||
| Cash at bank | 768,161 | (482,268) | 285,893 | |
| 768,161 | (482,268) | 285,893 | ||
| Debt | ||||
| Finance leases | (7,615) | 5,230 | (2,385) | |
| (7,615) | 5,230 | (2,385) | ||
| Total | 760,546 | (477,038) | 283,508 |
| for the Year Ended 31M | for the Year Ended 31M | for the Year Ended 31M | for the Year Ended 31M | for the Year Ended 31M | for the Year Ended 31M | arch 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| INCOME FROM CHARITABLE ACTIVITIES | |||||||||
| 31.3.22 | 31.3.21 | ||||||||
| Activity | |||||||||
| Core rent | Charitable | activities | 5,726,507 | 5,477,186 | |||||
| Maintenance, management |
|||||||||
| and other | service | recharges | Charitable | activities | 46,756 | 43,035 | |||
| Tenants personal | charges | Charitable | activities | 15,983 | 17,847 | ||||
| 5,789,246 | 5,538,068 | ||||||||
| 5. | OTHER | INCOME | |||||||
| 31.3.22 | 31.3.21 | ||||||||
| Other income Otfice Recharges |
564,806 23,357 |
1,017,749 13,450 |
|||||||
| 588,163 | 1,031,199 | ||||||||
| 6. | CHARITABLE | ACTIVITIES COSTS | |||||||
| Support | |||||||||
| Direct | costs (see | ||||||||
| Costs | note 7) | Totals | |||||||
| Charitable | activities | 5,401,554 | 15,270 | 5,416,824 | |||||
| 7. | SUPPORT COSTS | ||||||||
| Governance | |||||||||
| costs | |||||||||
| Charitable | activities | 15,270 | |||||||
| Support costs, included | in the above, are as | follows: | |||||||
| 31.3.22 | 31.3.21 | ||||||||
| Charitable | Total | ||||||||
| activities | activities | ||||||||
| Auditors' | remuneration | 9,270 | 6,600 | ||||||
| Accountancy and |
legal | fees | 6,000 | 5,443 | |||||
| 15,270 | 12,043 |
| OTHER | |||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| Maintenance | charges | 941,898 | 1,015,620 |
| Depreciation | 4,359 | 6,924 | |
| 946,257 | 1,022,544 |
| Net income/(expenditure) is stated after charging/(crediting): |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| Auditors' remuneration |
9,270 | 6,600 |
| Depreciation - owned assets Hire ofplant and machinery |
4,359 1,848 |
6,925 1,850 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||||
| Wages and salaries | 416,736 | 330,813 | ||||
| Social security costs | 40,403 | 30,672 | ||||
| Other pension costs | 6,812 | 5,142 | ||||
| 463,951 | 366,627 | |||||
| The average monthly | number ofemployees | during the year was | as follows: | |||
| 31.3.22 | 31.3.21 | |||||
| Direct charitable expenses |
12 | 9 | ||||
| The number ofemployees | whose employee | benefits (excluding | employer pension | costs) exceeded | 660,000was: | |
| 31.3.22 | 31.3.21 | |||||
| 660,001 - 270,000 | 1 | |||||
| f,70,001 - f80,000 |
| 13. | TANGIBLE | FIXEDASSETS | ||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | Motor | Computer | ||||
| fittings | vehicles | equipment | Totals | |||
| COST | ||||||
| At 1 April 2021 | 9,287 | 25,250 | 4,845 | 39,382 | ||
| Disposals | (17,200) | (17,200) | ||||
| At 31March | 2022 | 9,287 | 8,050 | 4,845 | 22,182 | |
| DEPRECIATION | ||||||
| At 1 April 2021 | 7,735 | 13,118 | 4,546 | 25,399 | ||
| Charge for year Eliminated on disposal |
1,116 | 3,033 (11,002) |
210 | 4,359 (11,002) |
||
| At 31March | 2022 | 8,851 | 5,149 | 4,756 | 18,756 | |
| NET BOOK | VALUE | |||||
| At 31March | 2022 | 436 | 2,901 | 89 | 3,426 | |
| At 31March | 2021 | 1,552 | 12,132 | 299 | 13,983 | |
| 14. | DEBTORS | |||||
| 31.3.22 | 31.3.21 | |||||
| Amounts falling due within one year: |
||||||
| Trade debtors | 209,238 | 55,392 | ||||
| Other debtors | 58,281 | 54,898 | ||||
| Prepayments | and accrued income | 322,154 | 266,889 | |||
| 589,673 | 377,179 | |||||
| Amounts falling due after more than one year: |
||||||
| Other debtors | 109,502 | 160,030 | ||||
| Aggregate amounts |
699,175 | 537,209 |
| 31.3.22 | 31.3.21 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hire purchase (see note 17) | 2,385 | 5,375 | |||||||||
| Trade creditors | 24,478 | 78,485 | |||||||||
| Social security and other | taxes | 9,049 | 12,063 | ||||||||
| Other creditors | 1,382 | ||||||||||
| Accrued expenses | 272,334 | 553,919 | |||||||||
| 308,246 | 651,224 | ||||||||||
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR | ||||||||||
| 31.3.22 | 31.3.21 | ||||||||||
| Hire purchase (see note 17) | 2,240 | ||||||||||
| 17. | LEASING AGREEMENTS | ||||||||||
| Minimum lease payments |
fall due as follows: | ||||||||||
| Hire purchase | contracts | ||||||||||
| 31.3.22 | 31.3.21 | ||||||||||
| Net obligations repayable: |
|||||||||||
| Within one year | 2,385 | 5,375 | |||||||||
| Between one and | five years | 2,240 | |||||||||
| 2,385 | 7,615 | ||||||||||
| Finance charges |
of 6977 (2021 - K1,097) were | incurred | for the year | ended | 31 | March 2022 |
in relation | to | |||
| hire-purchase agreements. |
|||||||||||
| Non-cancellable | operating | ||||||||||
| leases | |||||||||||
| 31.3.22 | 31.3.21 | ||||||||||
| Within one year | 3,262,854 | 2,775,100 | |||||||||
| Between one and | five years | 8,299,667 | 4,530,011 | ||||||||
| In more than five | years | 12,555,506 | 5,824,093 | ||||||||
| 24,118,027 | 13,129,204 |
| 31.3.22 | 31.3.21 | ||||
|---|---|---|---|---|---|
| Hire purchase | contracts | 2,385 | 7,615 | ||
| The hire purchase creditor is | secured on the asset being financed. | ||||
| MOVEMENT IN FUNDS | |||||
| Net | |||||
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.22 | |||
| Unrestricted | funds | ||||
| General fund | 665,889 | 14,359 | 680,248 | ||
| TOTAL FUNDS | 665,889 | 14,359 | 680,248 | ||
| Net movement | in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 6,377,440 | (6,363,081) | 14,359 | ||
| TOTAL FUNDS | 6,377,440 | (6,363,081) | 14,359 | ||
| Comparatives | for 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 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 6,569,272 | (6,425,403) | 143,869 | |
| TOTAL FUNDS | 6,569,272 | (6,425,403) | 143,869 | |
| A current year | 12months | and prior year 12months combined position is as follows: | ||
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.22 | ||
| Unrestricted | funds | |||
| General fund | 522,020 | 158,228 | 680,248 | |
| TOTAL FUNDS | 522,020 | 158,228 | 680,248 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 12,946,712 | (12,788,484) | 158,228 | |
| TOTAL FUNDS | 12,946,712 | (12,788,484) | 158,228 |
| Detailed Statement ofFinancia | l Activities | |||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Deposit account interest | 31 | |||
| Charitable activities |
||||
| Core rent | 5,726,507 | 5,477,186 | ||
| Maintenance, management |
and other service | |||
| recharges | 46,756 | 43,035 | ||
| Tenants personal charges | 15,983 | 17,847 | ||
| 5,789,246 | 5,538,068 | |||
| Other income | ||||
| Other income Office Recharges |
564,806 23,357 |
1,017,749 13,450 |
||
| 588,163 | 1,031,199 | |||
| Total incoming resources | 6,377,440 | 6,569,272 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 416,736 | 330,813 | ||
| Social security | 40,403 | 30,672 | ||
| Pensions Hire ofplant and machinery Rent and rates |
6,812 1,848 3,945,723 |
5,142 1,850 3,765,603 |
||
| Insurance | 5,147 | 3,662 | ||
| Telephone | 9,150 | 8,109 | ||
| Postage and stationery | 38 | 9 | ||
| Advertising | 1,662 | 2,404 | ||
| Sundries Other direct costs Office costs ITSoftware and consumables Recruitment costs Stafftraining |
4,279 752,860 9,277 11,085 18,768 1,437 |
3,263 1,137,329 5,107 3,331 5,040 3,248 |
||
| Subscriptions | 705 | 170 | ||
| Travel and subsistence | 31,678 | 12,994 | ||
| Bank charges | 169 | 126 | ||
| Legal and professional | fees | 114,819 | 59,097 | |
| Motor expenses Bad debts |
1,382 19,330 |
6,894 | ||
| Staffwelfare | 7,269 | 4,856 | ||
| Hire purchase | 977 | 1,097 | ||
| 5,401,554 | 5,390,816 | |||
| Other | ||||
| Maintenance charges |
941,898 | 1,015,620 | ||
| Carried forward | 941,898 | 1,015,620 |
| Inde endent Housin UKLimited |
||||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| 31.3.22 | 31.3.21 | |||
| Other | ||||
| Brought forward Fixtures and fittings Motor vehicles Computer equipment |
941,898 1,116 3,033 210 |
1,015,620 2,117 4,044 763 |
||
| 946,257 | 1,022,544 | |||
| Support costs | ||||
| Governance | costs | |||
| Auditors' remuneration Accountancy and legal fees |
9,270 6,000 |
6,600 5,443 |
||
| 15,270 | 12,043 | |||
| Total resources | expended | 6,363,081 | 6,425,403 | |
| Net income | 14,359 | 143,869 |