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||PAGE|
|---|---|
|REFERENCE AND ADMINISTRATIVE
DETAILS||
|REPORT OF THE TRUSTEES|2-7|
|AUDITOR'S REPORT|8-10|
|STATEMENT OF FINANCIAL ACTIVITIES||
|BALANCE SHEET|12|
|CASH FLOW STATEMENT|13|
|NOTES TO THE CASH FLOW STATEMENT|14|
|NOTES TO THE FINANCIAL
STATEMENTS|15-20|
|DETAILED STATEMENT OF FINANCIAL ACTIVITIES|21|
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||||||31.05.2022|31.05.2021|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes||5|
|INCOME|AND ENDOWMENTS||FROM||||
|Income|||||2,328,956|1,426,031|
|Investment|income||||||
||||||2,328,956|1,426,031|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Charitable|activities||||2,178,935|1,076,491|
|Supportcosts|||||340,235|217,569|
|Total|||||2,519,170|1.294,060|
|NET INCOME|||||(190,214)|131,971|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||forward|||218,417|86,446|
|TOTAL FUNDS CARRIED FORWARD|||||28 202|218417|
##
|BALANCE SHEET AS AT 31 MAY 2022||||
|---|---|---|---|
|||31.05.2022|31.05.2021|
||Notes|Unrestricted|Total|
|||fund|iunds|
|FIXEDASSETS|||8|
|Tangible
assets|10|49,896|22,015|
|CURRENT ASSETS||||
|Debtors
Cash at bank and in hand||63,777|3,956
268,160|
|CREDITORS||63,777|272,115|
|Amount
falling due within one year|12|(7,444)|(16,879)|
|NET CURRENT ASSETS||56,333|255.236|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||166,220|277,251|
|CREDITORS||||
|Amount
falling due at)er more than one year|13|(78,027)|-58,834|
|NET ASSETS||28,203|218,417|
|FUNDS||||
|Unrestricted
funds||28,203|218,417|
|TOTAL FUNDS||28,203|218,417|
##
|||||31.05.2022|31.05.2021|
|---|---|---|---|---|---|
||||Note|||
|Cash tlows from operating|activities|||||
|Cash generated
from operations||||(157,657)|209,372|
|Net cash provided
by operating
activities||||~157,6573|2139,372|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed assets
Cash from disposal ofassets||||61,672
(14,947)|29,530
(1,5001|
|Net cash used in investing||||46,725|28,030|
|Change
in cash and cash equivalent||in||||
|the reporting
period||||(204,383)|181,342|
|Cash and cash equivalent|at the|||||
|beginning ofthe reporting|period|||268,160|86,818|
|Cash and cash equivalent|at the end|of||||
|the reporting
period||||63,777|268,160|
##
||||31.05.2022|31.05.2021|
|---|---|---|---|---|
|Net income for the|reporting|period (as per the Statement|||
|ofFinancial Activities)|||(190,214)|131,971.28|
|Adjustment
for:|||||
|Depreciation
charges|||18,844|8,968|
|(Increase)/decrease|in debtors||3,956|1,952|
|(Decrease)/increase|in creditors||9,758|66,480|
|Net cash provided|by operations||(157,657)|209,372|
##
||At 1.6,21|Cash flow|At 31.05.22|
|---|---|---|---|
|Net cash||||
|Cash at bank|268,160|(204,383)|63,777|
||268,160|(204,383)|63,777|
|Total|268,160|(204,383)|63,777|
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|INCOME|||||
|---|---|---|---|---|
||||31.05.2022|31.05.2021|
|Social housing
lenings|||2,256,679|1,298,071|
|Management
charges|||27,411|23,773|
|Furlough
grant|||20,828|67451.34|
|Rental income|||12,055|20,273|
|Miscellaneous
income|||11,983|16,462|
||||2,328,956|1.426,031|
|INVESTMENT INCOME|||||
|Bank account interest|||||
|CHARITABLE ACTIVITIES COSTS|||||
|||Direct|31.05.2022|31.05.2021|
|||costs|Total|Total|
|||||f|
|Charitable
activities||2,178,935|2,178,935|1,076,491|
|SUPPORT COSTS|||||
||Management|Governance|31.05.2022|31.05.2021|
|Other resources expended|||||
|Charitable
activities|334,593||334,593|211,712|
|Bank charges|142||142|1,357|
|Auditor's
fee||5,500|5,500|4,500|
||334,735|5,500|340,235|217,569|
|NET INCOME (EXPENDITURE)|||||
|Net income (expenditure)|is stated after chargingycrediiing||||
||||31.05.2022|31.05.2021|
||||8||
|Auditor's
remuneration|||5,500|4,500|
|Depreciation
- owned assets|||18,844|8968|
##
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|STAFF CO|STS||||||
|---|---|---|---|---|---|---|
||||||31.05.2022|31.05.2021|
|Wages and salaries|||||149,807|94,849|
|Social security|||||11,248|9,474|
|Other pension costs|||||5,119|6,423|
||||||166,173|I I0,746|
|The average|monthly|number ofemployees|during|the year was as follows:|||
||||||31.05.2022|31.05.2021|
|Administration|||||8|6|
|Support|||||3|2|
|Volunteers|||||2||
||||||13||
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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||fund|fund|
||||||2022|2021|
|INCOME AND ENDOWMENT||FROM|||||
|Income|||||2,328,956|1,426,03 1|
|Investment
income (Bank interests||received)|||||
||||||2,328,956|1,426,031|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Charitable
activities|||||2,178,935|1,076,491|
|Supportcosts|||||340,235|217,569|
||||||2,519,170|1,294,060|
|NET INCOME|||||(190,214)|131,971|
|RECONCILIATION|OF FUNDS||||||
|Total finds brought|forward||||218,417|86,446|
|TOTAL FUNDS CARRIED FORWARD|||||28,203|218,417|
|TANGIBLE FIXED|ASSETS||||||
||||Plant &|Furniture|Motor||
||||machinery|& fittings|vehicle|Totals|
||||||f|g|
|COST|||||||
|At
1 June 2021|||1,460|2,517|27,940|31,917|
|Addition|||2,348|0|59,324|61,672|
|Disposal/Scrapped|||(1,460)|(927)|(19,929)|(22,316)|
|At 31 May 2022|||2,348|1.590|67,335|71,273|
|DEPRECIATION|||||||
|At
1 June 2021|||1,460|1,457|6,985|9,902|
|Charge for the year|||783|530|17,531|18,844|
|Disposal/Scrapped|||(1.460)|(927)|(4,982)|(7,369)|
|At 31 May 2022|||783|1,060|19,534|21377|
|NET BOOKVALUE|||||||
|At 31 May 2022|||1,565|530|47,801|49,896|
|At 31 May 2021||||1,060|20,955|22,015|
##
|11.|DEBTORS:AMOUNT FALLING|DEBTORS:AMOUNT FALLING|DEBTORS:AMOUNT FALLING|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.05.2022|31.05.2021|
||||||||||f|
||Trade debtors|(Rental income)|||||||3,956|
||Accrued income (Gift aid)|||||||||
||||||||||3,956|
|12.|CREDITORS: AMOUNT||FALLING DUE||WITH ONE YEAR|||||
|||||||||31.05.2022|31.05.2021|
||Trade creditors||||||||9,423|
||Nct obligation|under leasing|contracts|and hire purchase||liabilities||1,944|2956|
||Accrued expenses (Auditor's||fee)|||||5,500|4,500|
|||||||||7,444|16,879|
|13.|CREDITORS: AMOUNT||FALLING DUE||AFTER|MORE THAN ONE YEAR||||
|||||||||31.05.2022|31.05.2021|
||Recovery loan|scheme||||||40,708|50,000|
||Net obligation|under leasing|contracts|and hire|purchase|liabilities||37,318|8,834|
|||||||||78,027|58,834|
|14.|MOVEMENT|IN FUNDS||||||||
|||||||||Net||
||||||||At 01.06.21|movement|At 31.05.22|
|||||||||in funds||
||Unrestricted
funds|||||||||
||General
fund||||||218,417|(190,214)|28,203|
||TOTAL FUNDS||||||218,417|(190,214)|28,203|
||Comparative
net movement||in funds, included||in the above are as||follows:|||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in fund|
|||||||||f|f|
||Unrestricted
funds|||||||||
||General
fund||||||2,328,956|(2,519,170)|(190,214)|
||TOTAL FUNDS||||||2,328,956|(2,519,170)|(190,214)|
##
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|||||31.05.2022|31.05.2021|
|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS||||f|f|
|Income||||||
|Housing
benefits||||2,256,679|1,298,071|
|Service charge||||27,411|23,773|
|Furlough
scheme||||20,828|67,451|
|Rental income||||12,055|20,273|
|Misc. income||||11,983|)6,462|
|||||2,328&956|1,426,031|
|Investment
income||||||
|Bank interest received||||||
|Total incoming
resources||||2,328,956|1,426,031|
|EXPENDITURE||||||
|Charitable
Expenditure||||||
|Property Lease||||1,567,721|718,100|
|Property Maintenance||||267,782|189,210|
|Tenant's
Wefare||||251,028|104,463|
|Council Tax||||48,251|23,796|
|Light & Heat||||44,153|40,923|
|||||2,178,935|1.076,49)|
|Management
& Administration|||expenses|||
|StaffCosts||||206,334|149,846|
|Accountancy
Fees||||13,676|7,000|
|Business Licenses and Permits||||1&200||
|Computers &Software||||3,415|9,395|
|IT, Broadband &Internet||||1,489|2,532|
|Office Supplies,
Postage &Stationery||||5,027|3,970|
|Rent - OAice||||21,647|16,516|
|Student internship||||1,550||
|Subscriptions||||445|2.058|
|Telephone
Expenditure||||189|305|
|Training
and Recruitment||Costs||25,595|I I I|
|Hospitality &Refreshment||||5,668||
|Insurance||||6,378|5,172|
|Consultancy||||10,500|3,450|
|Legal &Professional|fees|||18,203|884|
|Volunteer's
Expenses||||1,600||
|Miscellaneous
Expenses||||11,519|9,552|
|Surplus/deficit
on disposal||ofassets||(I,l53)|(8,047)|
|Depreciation||||1,313|8,968|
|||||334,593|211,712|
|Finance||||||
|Bank Charges||||142|1,357|
|Governance||||||
|Audit fee||||5,500|4,500|
|Total resources expended||||2,519,170|1,294,060|
|Net income/expenditure||||(190,214)|)3l,971|