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