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|Contents||||||
|---|---|---|---|---|---|
||||||Page|
|Registered
Social Housing||Provider|Information|||
|Board Report||||||
|Independent|Auditor's
Report||||14|
|Consolidated|Statement
of|Comprehensive||Income|18|
|Statement
of|Comprehensive|Income|||19|
|Consolidated|Balance Sheet||||20|
|Balance Sheet|||||21|
|Consolidated|Statement
of|Changes|in Equity||22|
|Statement
of|Changes
in Equity||||23|
|Consolidated|Statement
of|Cash Flows|||24|
|Notes to the|Financial Statements||||25|
##
##
|Company|Company|registration|registration|number|number||2769788||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Charity|registration||number||||1125743||||||
|Regulator||ofSocial|Housing||registration|number|4870||||||
|Members||ofthe board (Trustees)|||||J Upton MBE —Chair||||||
||||||||P TAyres||||||
||||||||F Akinbusoye||||||
||||||||Dr V Fernandes||||||
||||||||J Gowin —resigned|07/06/2020|||||
||||||||Dr A J Holden||||||
||||||||L Keen FCA —appointed|||18/11/2020 —Treasurer|||
||||||||M Maguire —resigned||18/10/2020||||
||||||||C Montgomery||||||
||||||||Rev J Robertson||||||
||||||||T Stone —resigned|13/08/2020|||||
||||||||J Valentine||||||
||||||||JWalker||||||
|Secretary|||||||L Keen FCA||||||
|Senior Management||||Team|||S Green —Chief Executive||||||
||||||||R Prosser-Dryer —Head|||of|Finance —resigned 29||
||||||||January 2021||||||
||||||||A Rhind —Head of Business||||Development||
||||||||L Harrison —Director||of|Housing||&Support—|
||||||||appointed 4 January||2021||||
||||||||Richard Freeman —Interim||||Director ofFinance—||
||||||||appointed
29 January||2021||||
|Registered||office|||||1 North Sixth Street||||||
||||||||Milton Keynes||||||
||||||||MK9 2NR||||||
|Auditor|||||||Hillier Hopkins
LLP||||||
||||||||249 Silbury Boulevard||||||
||||||||Milton Keynes||||||
||||||||MK9 1NA||||||
|Bankers|||||||National
Westminster||Bank||Pic||
||||||||501 Silbuiy Boulevard||||||
||||||||Milton Keynes||||||
||||||||MK9 3ER||||||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Rents receivable|including|service charges|||2,040,520|964,656|
|Operating
surplus|from social housing
activities||||1,692,083|563,863|
|Net surplus
from|social housing||activities||147,816|376,968|
|Void losses|||||194,004|292,127|
|Void losses as a|percentage|of|total potential|rentals|9%|23%|
|Closing cash balance|||||306,769|273,348|
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||||Total|Total|
|---|---|---|---|---|
|||Note|2021
f|2020f|
|Turnovel|||2,667,583|1,351,820|
|Direct costs|||(1,081,333)|(680,794)|
|Gross surplus|||1,586,250|671,026|
|Administrative
expenditure|||(1,702,893)|(802,936)|
|Other operating
income|||51,204||
|Fair value movements||10|71,026|(56,339)|
|Operating
surplus/(deficit)|||5,587|(188,248)|
|Income from fixed asset investments|||13,404|13,703|
|Interest receivable
and|similar income||402|4,187|
|Interest payable
and similar expenses|||(86,879)|(11,239)|
|Deficit for the year before taxation|||(67,486)|(181,597)|
|Tax on deficit|||||
|Deficit for the year|||(67,486)|(181,597)|
|Total comprehensive|income for the year||(67,486)|(181,597)|
##
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||||Total|Total|
|---|---|---|---|---|
|||Note|2021|2020|
||||E|F|
|Turnover|||2,634,932|1,251,518|
|Direct costs|||(1,030,309)|(604,456)|
|Gross surplus|||1,604,623|647,062|
|Administrative
expenditure|||(1,647,191)|(788,820)|
|Other operating
income|||51,204||
|Fair value movements||10|36,358|(13,335)|
|Operating
surplus/(deficit)|||44,994|(155,093)|
|Income from fixed asset investments|||5,330|3,250|
|Interest receivable
and|similar income||318|2,175|
|Interest payable
and similar expenses|||(81,549)|(3,232)|
|Deficit for the year before taxation|||(30,907)|(152,900)|
|Taxation on deficit|||||
|Deficit for the year|||(30,907)|(152,900)|
|Total comprehensive|income for the year||(30,907)|(152,900)|
##
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Fixed assets|||||||
|Tangible
fixed assets||||8|19,319,984|19,421,910|
|Investment
properties||||9|825,000|825,000|
|Investments||||10|327,081|196,055|
||||||20,472,065|20,442,965|
|Current assets|||||||
|Debtors||||11|152,339|360,671|
|Investments||||12|60,000||
|Cash at bank and in|hand||||321,010|423,654|
||||||533,349|784,325|
|Creditors: amounts|falling due within one year|||13|(677,496)|(585,865)|
|Net current (liabilities)/assets|||||(144,147)|198,460|
|Total assets less current|||liabilities||20,327,918|20,641,425|
|Creditors: amounts|falling due after more than one year|||14|(9,717,076)|(9,980,659)|
|Defined benefit pension|||liability|22|(245,591)|(228,029)|
|Total net assets|||||10,365,251|10,432,737|
|Reserves|||||||
|Called up share capital||||18|12|12|
|Restricted
property|reserve|||19|9,148,948|9,386,583|
|Income and expenditure||reserve:|||||
|General funds||||19|766,291|596,142|
|Designated
funds||||19|450,000|450,000|
|TotalReserves|||||10,365,251|10,432,737|
##
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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|||
|Fixed assets||||||
|Tangible fixed assets|||8|19,275,615|19,421,910|
|Investments|||10|202,762|46,404|
|||||19,478,377|19,468,314|
|Current assets||||||
|Debtors||||136,043|349,976|
|Cash at bank and in|hand|||306,769|273,348|
|||||442,812|623,324|
|Creditors: amounts|falling due within one year||13|(605,379)|(522,329)|
|Net current (liabilities)/assets||||(162,567)|100,995|
|Total assets less current liabilities||||19,315,810|19,569,309|
|Creditors: amounts|falling due after more than one year||14|(9,455,209)|(9,686,364)|
|Defined benefit pension||liability|22|(119,746)|(111,183)|
|Total net assets||||9,740,855|9,771,762|
|Reserves||||||
|Called up share capital|||18|12|12|
|Restricted
property|reserve||19|9,148,948|9,386,583|
|Income and expenditure||reserve:||||
|General funds|||19|441,895|235,167|
|Designated
funds|||19|150,000|150,000|
|Total Reserves||||||
|||||9,740,855|9,771,762|
##
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||||||||||
|---|---|---|---|---|---|---|---|---|
|||||Called up|Income and||||
|||||share|expenditure|Restricted|||
|||||capitalf|reserve
F|reserve
f|Total
f||
|At 1 April 2019||||12|1,227,739|9,386,583|10,614,334||
|Deficit for the year|||||(181,597)||(181,597)||
|Total comprehensive||income|||||||
|for the year|||||(181,597)||(181,597)||
|At 1 April 2020||||12|1,046,142|9,386,583|10,432,737||
|Deficit for the year|||||(67,486)||(67,486)||
|Total comprehensive||income|||||||
|for the year|||||(67,486)||(67,486)||
|Transfers|||||237,635|(237,635)|||
|As at 31 March|2021|||12|1,216,291|9,148,948|10,365,251||
|Income and expenditure|||reserve||||||
|||||||General|Designated||
|||||||funds|funds|Total|
|||||||f|F|F|
|At 1 April 2019||||||727,739|500,000|1,227,739|
|Deficit for the year||||||(181,597)||(181,597)|
|Transfers||||||50,000|(50,000)||
|Total comprehensive||income|||||||
|for the year||||||(131,597)|(50,000)|(181,597)|
|At 1 April 2020||||||596,142|450,000|1,046,142|
|Deficit||||||(67,486)||(67,486)|
|Transfer to/from|restricted|||||237,635||237,635|
|reserves|||||||||
|Total comprehensive||income|||||||
|for the year||||||170,149||170,149|
|At 31 March 2021||||||766,291|450,000|1,216,291|
##
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|ny||||||||
|---|---|---|---|---|---|---|---|
||||Called up|Income and||||
||||share|expenditure|Restricted|||
||||capital|reserve|reserve|Total||
||||F|E|F|E||
|At 1 April 2019|||12|538,067|9,386,583|9,924,662||
|Deficit for the year||||(152,900)||(152,900)||
|Total comprehensive|income|||||||
|for the year||||(152,900)||(152,900)||
|At 1 April 2020|||12|385,167|9,386,583|9,771,762||
|Deficit for the year||||(30,907)||(30,907)||
|Total comprehensive|income|||||||
|for the year||||(30,907)||(30,907)||
|Transfer to/from
restricted||||237,635|(237,635)|||
|reserves||||||||
|At 31 March 2021|||12|591,895|9,148,948|9,740,855||
|Income and expenditure||reserve||||||
||||||General|Designated||
||||||funds|funds|Total|
||||||E||F|
|At 1 April 2019|||||338,067|200,000|538,067|
|Deficit for the year|||||(152,900)||(152,900)|
|Transfers|||||50,000|(50,000)||
|Total comprehensive|income|||||||
|for the year|||||(102,900)|(50,000)|(152,900)|
|At 1 April 2020|||||235,167|150,000|385,167|
|Deficit for the year|||||(30,907)||(30,907)|
|Transfers|||||237,635||237,635|
|Total comprehensive|income|||||||
|for the year|||||206,728||206,728|
|At 31 March 2021|||||441,895|150,000|591,895|
##
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||||2021|2020|
|---|---|---|---|---|
|||Note||f|
|Cash flow from operating|activities|20|660,107|1,905,813|
|interest
paid|||(86,879)|(11,239)|
|Net cash flow from operating
activities|||573,228|1,894,574|
|Cash flow from investing|activities||||
|Payments
to acquire tangible
fixed assets|||(482,721)|(6,492,390)|
|Payments
to acquire investments|||(120,000)||
|Interest received|||402|4,187|
|Income from fixed asset investments|||13,404|13,703|
|Net cash flow from investing
activities|||(588 915)|(6474 500)|
|Cash flow from financing|activities||||
|Repayment
oflong-term
loans|||(119,307)|(38,853)|
|Interest paid|||86,879|8,007|
|Repayments
offinance leases|||(54,529)|(80,385)|
|New bank loans||||4,400,000|
|Net cash flow from financing
activities|||(86,957|4,288,769|
|Net increase/(decrease)
in|cash and cash equivalents||(102,644)|(291,157)|
|Cash and cash equivalents|at 1 April 2020||423,654|714,811|
|Cash and cash equivalents|at 31 March 2021||321,010|423,654|
|Cash and cash equivalents|consists of:||||
|Cash at bank and
in hand|||321,010|423,654|
|Cash and cash equivalents|at 31 March 2021||321,010|423,654|
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|residual
val|ue, of|each as|set on a systematic
ba|sis over its ex|
|---|---|---|---|---|
|Structure||||60 years|
|Mechanical
Furniture
8|8 engineering
fittings||(e.g roofs, lifts)|30years
10years|
|Small/non-integral||plant 8 equipment||6 years|
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|Group|||||E||F|
|Rents receivable|including|service charges|||2,040,520||964,656|
|Revenue
grants|receivable||||344,710||151,504|
|Capital grants receivable|||||157,847|||
|Other assistance|receivable||||24,348||87,934|
|Social housing
activity expenditure|||||(875,342)||(640,231)|
|Operating
surplus|from social housing||activities||1,692,083||563,863|
|Net surplus
from|social housing
activities||||147,816||376,968|
|Void losses|||||194,004||292,127|
|Government
grants taken to Income|||||51,204|||
|Interest receivable
and similar income||||||||
||||||Group||Company|
|||||2021|2020|2021|2020|
|||||E|P||E|
|Bank interest receivable||||402|4,187|318|2,175|
|Interest payable|and similar expenses|||||||
||||||Group||Company|
|||||2021|2020|2021|2020|
|||||E|E||F|
|Bank loans and overdrafts||||86,879|11,239|81,549|3,232|
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|||||||||||||Group||Company|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021||2020|2021|2020|
|||||||||||||F|F|f|
|Auditor's
remuneration||(including|||expenses||and benefits||in|13,505|13,700||8,905|9,100|
|kind) for|audit||||||||||||||
|Auditor's
remuneration||(including|||expenses||and benefits||in|4,090||4,830|2,750|3,750|
|kind) for|non-audit||||||||||||||
|Depreciation|oftangible||fixed|assets|||||584,647||10,521||584,647|10,521|
|Operating
lease rentals||||||||||9,140||6,534|9,140|6,534|
|(Profit)/loss
on fair value|||movement|||of investments||(note|10)
(71,026)||56,339||(36,358)|13,335|
|Government|Grants receivable||||||||(51,204)||||(51,204)||
|Particulars|ofadministrative|||expenditure|||||||||||
||||||||||||Group|||Company|
||||||||||2021||2020f||2021
F|2020f|
|Staff salary costs|||||||||568,903|412,241|||552,843|392,040|
|Pension costs|||||||||110,613||53,440||77,442|46,373|
|Staff training|and welfare||||||||40,616||38,787||40,616|38,787|
|Hotels, travel|&subsistence||||||||1,618||6,383||1,618|6,383|
|Office costs|||||||||140,345||87,335||139,959|86,654|
|Legal, audit|and consultancy|||costs|||||68,870||74,629||62,917|70,039|
|Bad debts and finance||charges|||||||47,080||8,145||46,948|7,940|
|Premises costs|||||||||57,071||58,080||57,071|58,080|
|Depreciation|||||||||584,647||10,521|584,647||10,521|
|Irrecoverable|VAT||||||||83,130||72,003||83,130|72,003|
||||||||||1,702,893|821,564||1,647,191||788,820|
##
|The aggregate
remunera|tion
ofsuch employees|was as follows:||||
|---|---|---|---|---|---|
||||Group||Company|
|||2021|2020|2021|2020|
||||F|F|F|
|Wages and salaries||1,010,045|667,406|1,010,045|667,406|
|Social security||87,595|58,577|87,595|58,577|
|Pension costs —defined|contributions|45,878|39,648|45,878|39,648|
|Pension costs —defined|benefit|64,735|13,792|31,564|6,725|
|||1,208,253|779,423|1,175,082|772,356|
##
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||2021|2020|
|---|---|---|
|Group and company|Number|Number|
|Management|3|3|
|Resident Support|12|10|
|Fundraising|2|2|
|Property Services|10|4|
|Social Enterprise|5|1|
|Administration|3|2|
||35|22|
|2021|2020|
|---|---|
|Number|Number|
##
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|8|Tangible fixed assets|||||||||
|---|---|---|---|---|---|---|---|---|---|
||Group|||||||||
||||||Housing|Fixtures 8|Computer|||
|||||properties
F||fittings
f|equipment
F||Total
F|
||Cost or valuation:|||||||||
||At 1 April 2020|||18,241,446||1,002,787|188,199|19,432,431||
||Additions||||207,338|241,929|33,456||482,721|
||At 31 March 2021|||18,448,782||1,244,716|221,655|19,915,152||
||Depreciation:|||||||||
||At 1 April 2020||||||10,521||10,521|
||Charge for the year on|owned|assets||432,751|117,896|6,578||557,225|
||Charge for the year on|financial|assets||||27,422||27,422|
||At 31 March 2021||||432,751|117,896|44,521||595,168|
||Net book value:|||||||||
||At 31 March 2021|||18,016,031||1,126,819|177,134|19,319,984||
||At 31 March 2020|||18,241,446||1,002,787|177,678|19,421,910||
||Land and buildings|||||||||
||Group and Company|||||||||
||The net book value offreehold||housing|properties|land and buildings
comprised:|||||
||||||||2021||2020|
|||||||||F|F|
||Freehold||||||18,016,031||18,241,446|
||Aggregate
amount|offinance costs included|||in land and buildings||649,070||641,368|
||Assets held under finance lease|||||||||
##
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||F|E|
|At 1 April|||||3,929,574|2,954,538|
|Recognised|in the Statement||ofComprehensive|Income|(99,483)|975,036|
|Held as deferred||income at 31 March|||3,830,091|3,929,574|
|Company|Freehold|Office|Computer||
|---|---|---|---|---|
||propertiesf|equipment
F|equipment
F|Total|
|Cost or valuation:|||||
|At 1 April 2020|18,241,446|1,002,786|188,199|19,432,431|
|Additions|207,338|197,560|33,456|438,352|
|At 31 March 2021|18,448,782|1,200,346|221,655|19,870,783|
|Depreciation:|||||
|At 1 April 2020|||10,521|10,521|
|Charge for the year on owned assets|432,751|117,896|6,578|557,225|
|Charge for the year on financial assets|||27,422|27,422|
|At 31 March 2021|432,751|117,896|44,521|595,168|
|Net book value:|||||
|At 31 March 2021|18,016,031|1,082,450|177,134|19,275,615|
|At 31 March 2020|18,241,446|1,002,786|177,678|19,421,910|
##
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##
||||Investment|2021 and 2020|
|---|---|---|---|---|
||||properties|Land & buildings|
|||||E|
|Cost and|net book value||1,416,789||
|Valuation|of Investment|properties|||
##
|Fixed asset investments|||
|---|---|---|
||Group|Company|
||Listed|Listed|
||investments|investments|
||E|E|
|Cost or valuation|||
|At 1 April 2020|196,055|46,404|
|Additions|120,000|120,000|
|Revaluation|71,026|36,358|
|Reclassifications|(60,000)||
|At 31 March 2021|327,081|202,762|
|Carrying
amount:|||
|At 31 March 2021|327,081|202,762|
|At 31 March 2020|196,055|46,404|
##
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|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|
|||||||Group||Company|
||||||2021|2020|2021|2020|
||||||f|f|f|F|
|Trade debtors||(gross social|housing|rent arrears)|128,119|136,382|128,119|136,382|
|Less provision||for doubtful|debts||(42,476)|(70,632)|(42,476)|(70,632)|
|Trade debtors||(others)|||4,211|8,045|4,211|7,776|
|Amounts
owed||by group undertakings|||||5,201|2,019|
|Other debtors|||||3,504|184,965|3,504|184,965|
|Prepayments|and accrued||income||58,981|101,911|37,484|89,466|
||||||152,339|360,671|136,043|349,976|
##
|2021|2020|
|---|---|
||F|
|60,000||
##
|Creditors: amounts
f|alling due within on|e year||||
|---|---|---|---|---|---|
||||Group||Company|
|||2021f|2020
F|2021
f|2020
f|
|Bank loans||32,445|32,445|||
|Trade creditors||184,282|177,973|172,143|173,983|
|Rents paid in advance||48,351|10,476|47,756|10,476|
|Finance lease obligations||46,290|50,334|46,290|50,334|
|Tax and social security||22,454|21,913|22,454|21,913|
|Pension creditor||39,059|41,259|19,049|21,832|
|Other creditors||12,000|12,000|12,000|12,000|
|Accruals and deferred|income|292,615|239,465|285,687|231,791|
|||677,496|585,865|605,379|522,329|
##
##
##
|Creditors: amounts|falling due|after|mo|re t|han one year||||
|---|---|---|---|---|---|---|---|---|
|||||||Group||Company|
||||||2021|2020|2021|2020|
|||||||f|F|f|
|Bank loans|||||4,661,867|4,694,295|4,400,000|4,400,000|
|Finance lease obligations||||||50,485||50,485|
|Accruals and deferred|income||||5,055,209|5,235,879|5,055,209|5,235,879|
||||||9,717,076|9,980,659|9,455,209|9,686,364|
|Accruals
and deferred
income includes
grants
(2020 - f3,929,574) from Homes
England
and|||||in support
ofthe capital costs of the new campus
ofF3,830,091
F747,779 (2020 - F767,202) from the South East Midlands
Local||||
|Enterprise
Partnership.|These will|be released|||over the useful
life ofthe assets that they relate to.||||
|Included
within the above are amounts|||falling||due as follows:||||
|||||||Group||Company|
||||||2021|2020|2021|2020|
||||||f|F|f|f|
|Between one and two|years:||||||||
|Bank loans|||||182,483|32,998|154,937||
|Finance lease obligations
Accruals and deferred
income|||||371,106|50,485
122,322|371,106|50,485
122,322|
||||||553,589|205,805|526,043|172,807|
|Between two and five|years:||||||||
|||||||Group||Company|
||||||2021|2020|2021|2020|
||||||F|F||f|
|Bank loans|||||554,680|549,935|482,371|473,536|
|Accruals and deferred|income||||480,318|587,966|480,318|587,966|
||||||1,034,998|1,137,901|962,689|1,061,502|
|Over five years:|||||||||
|||||||Group||Company|
||||||2021|2020|2021|2020|
||||||f|F||f|
|Bank loans|||||3,924,704|4,111,362|3,762,692|3,926,464|
|Accruals and deferred|income||||4,203,785|4,525,591|4,203,785|4,525,591|
||||||8,128,489|8,636,953|7,966,477|8,452,055|
##
##
##
##
##
|Total future
minimum
lease payments
are as follows:|||
|---|---|---|
||2021|2020|
||F||
|Within one year|46,290|50,334|
|Between two and five years||50,485|
||46,290|100,819|
##
##
|Group|||
|---|---|---|
||2021|2020|
||F||
|Not later than one year|16,496|9,140|
|Later than one and not later than five years|57,006|28,992|
|Later than 5years|25,128|6,120|
||98,630|44,552|
##
|Company|||
|---|---|---|
||2021|2020|
||F|F|
|Not later than one year|16,196|9,140|
|Later than one and not later than five years|55,806|28,992|
|Later than 5years|25,128|6,120|
||97,130|44,552|
##
##
|17|Deferred grant income|||||
|---|---|---|---|---|---|
||Group and Company|||||
|||||2021|2020|
|||||F|F|
||At 1 April 2020|||4,725,419|2,993,296|
||Grants received
in the year|||162,983|1,769,481|
||Released to income during||the year|(282,221)|(37,358)|
||At 31 March 2021|||4,606,181|4,725,419|
||Amounts
to be released|within one year||147.,216|106,923|
||Amounts
to be released|in|more than one year|4,458,965|4,618,496|
|||||4,606,181|4,725,419|
|18|Share capital|||||
||Ordinary
shares off1 each|||||
|||||Number||
||Allotted
called up and fully||paid|||
||At 1 April 2020 and 31 March 2021|||12|12|
##
##
##
##
|Reserves (continued)|Reserves (continued)||||||
|---|---|---|---|---|---|---|
|Designated
Reserves|||||||
|Group||||||Balance|
|||Balance|Incoming|Resources||31 March|
|||1 April 2019f|resources
F|expendedf|Transfersf|2020
F|
|Cyclical Repairs fund||250,000|||(50,000)|200,000|
|New Services fund||250,000||||250,000|
|Total designated|funds|500,000|||(50,000)|450,000|
|||||||Balance|
|||Balance|Incoming|Resources||31 March|
|||1 April 2020|resources|expended|Transfers|2021|
|||F||f|f|F|
|Cyclical Repairs fund||200,000||||200,000|
|New Services fund||250,000||||250,000|
|Total designated|funds|450,000||||450,000|
##
|Designated
Reser
Company|ves||||||
|---|---|---|---|---|---|---|
|||||||Balance|
|||Balance|Incoming|Resources||31 March|
|||1 April 2019|resourcesf|expended|Transfersf|2020
F|
|Cyclical Repairs fund||50,000|||(50,000)||
|New Services fund||150,000||||150,000|
|Total designated|funds|200,000|||(50,000)|150,000|
|||||||Balance|
|||Balance|Incoming|Resources||31 March|
|||1 April 2020
f|resources
F|expended
F|Transfers|2021
F|
|Cyclical Repairs fund|||||||
|New Services fund||150,000||||150,000|
|Total designated|funds|150,000||||150,000|
##
##
##
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F|F|
||Surplus/(Deficit)|for the year||||||(67,486)|(181,597)|
||interest received|||||||(402)|(4,187)|
||Interest payable|||||||86,879|11,239|
||Income from fixed|asset investments||||||(13,404)|(13,703)|
||Depreciation
and impairment|||of|tangible|fixed assets||584,647|10,521|
||(Gain)/losses
on investments|||||||(71,026)|56,339|
||(Increase)/decrease||in trade|and other debtors||||208,332|(67,437)|
||Increase/(decrease)||in trade|and other creditors||||(84,995)|2,124,893|
||Increase/(decrease)||in pension||deficit|||17,562|(30,255)|
||Net cash flow from||operating||activities|||660,107|1,905,813|
|21|Analysis
ofchanges||in net|debt||||||
||||||||Balance at||Balance at|
||||||||1 April 2020|Cash flows|31 March 2021|
||||||||F|E|F|
||Long-term
borrowings||||||(4,694,295)|32,428|(4,661,867)|
||Short-term
borrowings||||||(32,445)||(32,445)|
||Lease liabilities||||||(100,819)|54,529|(46,290)|
||Total liabilities||||||(4,827,559)|86,957|(4,740,602)|
||Cash and cash equivalents||||||423,654|(102,644)|321,010|
||Total net debt||||||(4,403,905)|(15,687)|(4,419,592)|
##
##
##
##
##
|Group||||||||||
|---|---|---|---|---|---|---|---|---|---|
||Within one||One to|Two|to five|After 5|After more|Total|Total|
||year|two years||years||years|than one|||
||||||||year|||
||||||||Total|2021|2020|
||||||||E|E||
|As at 31 March 2021|39,050||38,467|112,058||95,066|245,591|284,641||
|As at 31 March 2020|37,913||37,913|113,739||76,377|228,029||265,942|
|Company|Within one||One to|Two to||After 5|After more|Total|Total|
||year||two years|five years||years|than one|||
||||||||year|||
||||||||Total
f.|2021|2020f|
|As at 31 March 2021|19,040||19,040||57,120|43,586|119,746|138,786||
|As at 31 March 2020|18,485||18,485||55,455|37,243|111,183||129,668|
##
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||F|F|
|Capital expenditure
that has been contracted
the financial
statements|||for but has not been provided|for in|37,988|13,559|
##
##
##
##
|Group|||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||F||F|
|Financial|assets|||||||||||||
|Measured|at fair value through|||the statement||ofcomprehensive|||income:|||||
|Fixed asset listed investments||||(note 11)|||||||387,081||196,055|
|Debt instruments
measured|||at amortised||cost:|||||||||
|Trade|debtors (note|12)|||||||||89,854||73,795|
|Other|debtors (note|12)|||||||||3,504||184,965|
||||||||||||93,358||258,760|
||||||||||||2021||2020|
|Financial|liabilities||||||||||F||f|
|Measured|at amortised|cost||||||||||||
|Trade|creditors (note 13)||||||||||184,282||177,973|
|Other|creditors
(note|13)|||||||||51,059||53,259|
||||||||||||235,341||231,232|
|The income, expenses,||net|gains and net losses attributable|||||to the Group's||financial|instruments|are||
|summarised
as follows:||||||||||||||
||||||||||||2021||2020|
||||||||||||F||E|
|Net gains|and losses (including|||changes|in fair||value)|||||||
|Financial assets measured
comprehensive
income|||at fair value through||||the statement||of||71,026||(56,339)|
##
##