## |Reference|and Administrative
Details|| |---|---|---| |Trustees'|Report|2 to 4| |Statement|ofTrustees'
Responsibilities|| |Independent's
Examiner's
Report||| |Statement|of Comprehensive
Income|| |Statement|ofChanges
in Reserves|| |Statement|of Financial
Position|| |Statement|ofCash Flows|10| |Notes to the Financial Statements||11 to 26| ## |Charity registration|Charity registration|number|number|1125402||| |---|---|---|---|---|---|---| |Company|registration||number|6595498||| |Principal office||||5The Coneries||| |||||Loughborough||| |||||Leicesters hire||| |||||LE11 1DZ||| |Registered|office|||Northgate
House||| |||||North Gate||| |||||New Basford||| |||||Nottingham||| |||||NG7 7BQ||| |Trustees||||Mr M Millman -Chairman||| |||||Mr G Bradshaw-Mays||| |||||Mrs BWallington||| |||||Mr T Farrar —resigned|14|May 2021| |||||Mr J Harper||| |||||Mrs C Brady||| |||||Mr SScoggins —appointed||15 March 2022| |Secretary||||Mr C York||| |Bankers||||CAF Bank Ltd||| |||||25 Kings
Hill Avenue||| |||||Kings
Hill||| |||||West Mailing||| |||||Kent||| |||||ME194JQ||| |Accountants||||RWB CA Ltd||| |||||Northgate
House||| |||||North Gate||| |||||New Basford||| |||||Notting ham||| |||||NG7 7BQ||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Note|2022|2021f| |---|---|---|---| |Turnover
Operating
Expenditure
Other Income|3
3
3|798,441
(1,015,586)
178,761|748,474
(774,896)
164,966| |Operating
Surplus||(38,384)|138,544| |Profit on disposal offixed assets
Interest receivable
Interest and financing costs|3|~8,599|~9,745| |Surplus/(Deficit)
before tax||(46,983)|128,799| |Taxation|||| |Total comprehensive
income for the year||(46,983)|128,799| ## ## |||Unrestricted||| |---|---|---|---|---| |||Income &||| |||Expenditure|Restricted|| |||Resewe|Reserve|Total| ||||F|| |Balance as at 1 April|2020|200,991|309|201,300| |Total comprehensive|income for the year|128,799||128,799| |Balance as at 31 March 2021||329,790|309|330,099| |Total comprehensive|income for the year|47,762|779|~46,963| |Balance as at 31 March 2022||||| |||282,028|1,088|283,116| ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||||||||F| |Net cash generated
from||operating||activities||(26,502)|130,057| |Cash flow from investing
Purchase
oftangible fixed||activities
assets||||(20,737)|(3,511)| |Sale oftangible|fixed assets||||||| |||||||(20,737)|(3,511)| |Cash flow from|financing||activities||||| |Interest paid
New loans
Repayments
of|borrowings|||||(8,599)
(1,500)
1,200
~3,702
(12,601)|(9,745)
56,357
(66,102)| |Net change
in|cash and|cash equivalents||||(59,840)|60,444| |Cash and cash|equivalents||at beginning||ofthe year|157,107|96,663| |Cash and cash|equivalents||at end|ofthe|year|97,267|157,107| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2022|| |---|---|---|---|---|---| ||||Cost of|Operating|Operating| |||Turnover|Sales|expenditure|(deficit)| ||||F||F| |Social housing|lettings|798,441|(250,746)|(624,613)|(76,918)| |Other social housing|||||| |activities|||||| |Charges for support services|||||| |Other|||||| |Activities other|than social|178,761|(216)|(148,610)|29,935| |housing|||||| |||977,202|(250,962)|(773,223)|(46,983)| |||||2021|| ||||Cost of|Operating|Operating| |||Turnover|Sales|Expenditure|surplus| ||||F|F|F| |Social housing|lettings|748,474|(227,064)|(417,592)|103,818| |Other social housing|||||| |activities|||||| |Charges for support services|||||| |Other|||||| |Activities other
housing|than social|164,966|216|139,769|24,981| |||913,440|(227,280)|(557,361)|128,799| ## |3.|Particulars
ofturnover, cost ofsales, operating costs and operating|Particulars
ofturnover, cost ofsales, operating costs and operating|surplus
(continued)|| |---|---|---|---|---| ||Homeless needs supported
housing||2022f|2021| ||Rent receivable
net of identifiable|service charges|798,441|748,474| ||Donations|||| ||Grant|||| ||Turnover from social housing|lettings|798,441|748,474| ||Direct costs|||| ||Rent
Rates and water
Light, heat and power
Repairs and maintenance
Other direct costs||132,884
24,566
45,035
31,587
16,674|149,021
16,158
37,540
13,459
10,886| ||||250,746|227,064| ||Other operating
expenditure|||| ||Wages and salaries
Staff NIC
Staff pensions
Trustee remuneration
Trustee NIC
Trustee pension
Travelling
Advertising
Rent
Rates and water
Light, heat 8 power
Insurance
Other expenses
Repairs & maintenance
Telephone
Office expenses
Motor expenses
Training
Accountancy
costs
Independent
examiners fees
Legal and professional
fees
Depreciation
ofhousing
properties
Loan and mortgage
interest paid
Other interest paid
Bank fees||395,311
21,385
7,611
59,816
5,815
925
10,001
15,000
1,001
(1,316)
10,160
23,386
18,330
11,579
18,715
5,012
1,508
2,056
3,000
2,400
3,627
8,580
19
692|256,884
12,454
4,917
36,369
3,543
847
3,812
50
15,100
1,006
1,230
9,900
9,209
12,481
10,006
13,920
3,229
457
3,082
2,880
2,425
3,627
9,745
419| ||||624,693|417,592| ## ## |Particulars
ofturnover, cost ofsales, operating costs and operating|surplus
(continued)|| |---|---|---| |Activities other than social housing|2022f|2021
F| |Donated goods and services
Donation
income
Grants
Other revenue|31,427
68,561
32,376
46,397|20,275
61,645
66,171
16,875| |Turnover
from other activities|178,761|164,966| |Fundraising
costs|216|216| |Wages and salaries
Staff NIC
Staff pensions
Depreciation
ofother fixed assets|59,409
1,948
614
9,746|71,921
2,738
1,013
8,274| |Profit on disposal of fixed asset
Rent, rates and water
Light, heat and power
Personal
support costs|42,835
3,779
30,279|42,718
2,716
10,389| ||148,610|139,769| ## ## |4.|Operating
surplus|||| |---|---|---|---|---| ||The operating
surplus/(deficit)|is arrived at after charging/(crediting)|2022f|2021| ||Depreciation
of housing
properties
Depreciation
oftangible fixed assets||3,627
9,746|3,627
8,274| ||Surplus on disposal
tangible|fixed assets||| ||Operating
lease rentals
Land and buildings||185,852|203,429| ## |he average
nu|mber
of persons employed
by the charity
(including
tr|ustees)
during the ye|ar was:| |---|---|---|---| |||2022|2021| |||No.|No.| |Administration
Housing,
support and care||7
33|6
26| |||40|32| |The aggregate|payroll costs of these persons were as follows:||| |Wages and salaries
Social security costs
Other pension costs||514,536
29,148
9,150|365,174
18,735
6,777| |||552,834|390,686| ## ## |7.|Tangible fixed assets|Social|Plant and| |---|---|---|---| |||Housing|machinery| |||Properties|including| |||for letting|motor| ||||vehicles| ||Cost
As at 1 April 2021
Additions|256,345|49,161
20,737| ||Disposa Is||| ||As at 31 March 2022|256,345|69,898| ||Depreciation
As at 1 April 2021
Charge for the year|14,508
3,627|25,068
9,746| ||Disposals||| ||As at 31 March 2022|18,135|34,814| ||Net book value||| ||As at 31 March 2022|238,210|35,084| ||As at 1 April 2021|241,837|24,093| ||The number
of units managed|by the charity at the start and end ofthe period were:|| ||The number
o|f units manag|ed
by the charity at the star|t and end ofthe period were:|| |---|---|---|---|---|---| |||||2022|2021| |||||No.|No.| ||Homeless
needs supported||housing|50|46| |8.|Debtors|||2022|2021f| ||Trade debtors
Other debtors
Prepayments|and accrued|income|58,999
12,187
20,607|47,788
12,169
24,147| |||||91,793|84,104| ||included
within Trade debtors are:||||| ||Rent and service charges|||50,069|38,858| ||Less provision|for bad debts|||| |||||50,069|38,858| ## ## ## ## |Creditors: Amounts|falling due within one year||| |---|---|---|---| |||2022|2021| |Bank and other loans
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred
income||3,700
3,869
8,468
1,837
12,816|3,300
1,032
5,668
1,386
13,006| |||30,690|24,392| ||Accruals and deferred
income include the following|Accruals and deferred
income include the following|deferred|income:||| |---|---|---|---|---|---|---| ||As at 01 April 2021
Resources deferred
in the period
Amounts
released from previous|periods|||3,143
779
~3,143|10,526
3,143
~10,526| ||As at 31 March 2022||||779|3,143| |10.|Creditors: amounts
falling due|after more than one year|||2022|2021| ||||||F|F| ||Bank and other loans||||148,548|152,650| ||The bank loan is repayable as follows:
Within one year
Within one to two years
Within two and five years
Five years or more||||3,700
3,700
11,100
133,748|3,300
3,300
9,900
139,450| ||||||152,248|155,950| ## |As at 31 M
follows:|arch 2022 the charity has annual
commitm|ents
under non-cancellable
opera|ting
leases as| |---|---|---|---| |Operating|leases which expire:|Land and
2022|buildings
2021| |||F|| |Within one
Within two|year
and five years|44,950
26,208|57,063
71,158| |More than|five years||| |||71,158|128,221| ## ## ## ## ## ## |14.|Funds analysis||At 1
April|Incoming|Resources|At 31
March| |---|---|---|---|---|---|---| ||General funds||2021|Resourcesf|Expended
F|2022f| ||Unrestricted
income fund||329,790|974,702|(1,022,464)|282,028| ||Total unrestricted|funds|329,790|974,702|(1,022,464)|282,028| ||Restricted funds|||||| ||Residents
fishing
LCC Communities|club
Fund|309|2,5 DO|~1,721|309
779| ||||309|2,500|(1,721)|1,088| ||||330,099|977,202|(1,024,185)|283,116| |Cash flow from operating
activities||2022f|2021f| |---|---|---|---| |Surplus for the year||(46,983)|128,799| |Adjustments
for non-cash
items:
Depreciation
oftangible fixed assets
(Increase)
in trade &other debtors
Increase/ (decrease)
in trade &other creditors
Adjustments
for investing
or financing
activities:||13,373
(7,389)
5,898|11,901
(11,523)
(8,865)| |Net gain on sale offixed assets
Interest payable||8,599|9,745| |Net cash generated
from operating|activities|(26,502)|130,057| ## ## ## ## ## |Introduction||| |---|---|---| |As part of the Value for Money Standard:
The Regulator
regulatory
metrics as a tool to keep a consistent measure of|of Social Housing
Value for Money|has adopted
a series of
(VFM) across all providers.| |Metric to Measure||Outcome| |Reinvestment%
(due to the nature ofthe project we||NIA| |have not developed
new stock during
this financial year)||| |New Supply
Delivered %(due to the nature ofthe
project we have not developed
new stock during
this||NIA| |financial year)||| |Gearing
(Housing
Properties at cost)||594%| |Earnings before interest, tax, depreciation,
amortisation,||(39086)%| |major repairs included
Interest Cover %||| |Headline
social housing cost per unit||F17,436| |Operating
Margin % - social housing
only||(8.1)%| |Operating
Margin % -overall||(4.8)%| |Return on capital employed||(10 9)o/| ## ## ## ## ## ## ## ## ## ##