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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 4
Report ofthe Independent
Auditors		 5 to 7
Statement
of Financial Activities
Balance Sheet
Cash Flow Statement 10
Notes to the Cash Flow Statement
Notes to the Financial Statements 12 to 19

31.3.21 31.3.20
Unrestricted Restdicted Total Total
funds funds funds funds
as restated
Notes F
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,209 2,209 4,193
Charitable activities
Independent living for supported recovery 1,087,879 13,772 1,101,651 875,608
Investment income 654 536
Total 1,090,742 13,772 1,104,514 &80,337
EXPENDITURE ON
Raising funds 5,516 5,516
Charitable activities
Independent living for supported recovery 934,15& 13,772 947,930 895,050
Total 939,674 13,772 953,446 895,050
NET INCOME/(EXPENDITURE) 151,068 151,068 (14,713)
RECONCILIATION
OF FUNDS
Total funds brought forward 1,234,683 1,234,683 1,249,396
TOTAL FUNDS CARRIED FORWARD 1,385,751 1,385,751 1,234,683

31.3,21 31.3.20
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes F E F
FIXEDASSETS
Tangible assets 12 1,084,827 1,084,827 1,053,628
CURRENT ASSETS
Debtors 13 22,060 22,060 14,519
Cash at bank and in hand 457,148 457,148 340,560
479,208 479,208 355,079
CREDITORS
Amounts falling due within one year 14 (52,774) (52,774) (40,480)
NET CURRENT ASSETS 426,434 426,434 314,599
TOTAL ASSETS LESSCURRENT LIABILITIES 1,511,261 1,511,261 1,368,227
CREDITORS
Amounts falling due after more than one year 15 (125,510) (125,510) (133,544)
NET ASSETS 1,385,751 1,385,751 1,234,683
FUNDS 19
Unrestricted
funds		 1,385,751 1,234,683
TOTAL FUNDS 1,385,751 1,234,683

31.3.21 31,3.20
as restated
Notes f
Cash flows from operating activities
Cash generated
from operations		 171,894 49,712
Interest paid (5,822) (5,224)
Net cash provided by operating
activities		 166,072 44,488
Cash flows from investing activities
Purchase oftangible fixed assets (42,405) (1,428)
Interest received 654 536
Net cash used
in		 investing activities (41,751) (892)
Cash flows from financing activities
Loan repayments in year (7,733) (8,476)
Net cash used
in		 financing activities (7,733) (8,476)
Change
in cash		 and cash equivalents in
the reporting
period		 116,588 35,120
Cash and cash equivalents at the
beginning
ofthe		 reporting period 340,560 305,440
Cash and cash equivalents at the end of
the reporting
period		 457,148 340,560

ACTIVITIES
31.3.21 31.3.20
as restated
E
Net income/(expenditure) for the reporting period (as per the
Statement
of Financial		 Activities) 151,068 (14,713)
Adjustments
for:
Depreciation
charges		 11,206 58,162
Interest received (654) (536)
Interest paid 5,822 5,224
Increase
in debtors		 (7,541) (9,526)
Increase
in creditors		 11,993 11,101
Net cash provided by operations 171,894 49,712

At 1.4.20 Cash flow At 31.3.21
f F F
Net cash
Cash at bank and in hand 340,560 116,588 457,148
340,560 116,588 457,148
Debt
Debts falling due within 1 year (8,310) (301) (8,611)
Debts falling due after 1 year (133,544) 8,034 (125,510)
(141,854) 7733 (134,121)
Total 198,706 124,321 323,027

31.3.21 31.3.20
as restated
Donations 2,209 4,193
INVESTMENT INCOME
31.3.21 31.3.20
as restated
f
Deposit account interest 536
INCOME FROM CHARITABLE ACTIVITIES
31.3.21 31.3.20
as restated
Activity
Rents receivable Independent living for supported recovery 607,157 559,705
Supporting
people		 Independent living for supported recovery 249,393 276,786
Syrian resettlement Independent living for supported recovery 9,311 39,117
Rough sleeper income Independent living for supported recovery 29,517
Grants Independent living for supported recovery 13,772
JRS Furlough Scheme Grant Independent living for supported recovery 10,668
Local authority temporary
accommodation income Independent living for supported recovery 181,833
1,101,651 875,608
Grants received, included in the above, are as follows:
31.3.21 31.3.20
as restated
E
Staff working emergency facility 252,759
Steve Morgan Foundation 13,772
266,531
Other trading Other trading activities
31.3.21 31.3.20
as restated
E E
Bad debts 5,516
CHARITABLE ACTIVITIES COSTS
Direct
Costs
E
Independent living for supported
recovery 947,930
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21 31.3.20
as restated
Depreciation - owned assets 11,206 58,162
Hire of plant and machinery 4,065 5,433
Other operating leases 85,156 92,162

STAFFC OSTS
31.3.21 31.3.20
as restated
E
Wages and salaries 604,479 475,999
Social security costs 44,299 37,009
Other pension costs 9,107 7,855
657,885 520,863
The average
monthly		 number ofemployees during the year was as follows:
31.3.21 31.3.20
as restated
Charitable activity staff 23 23

COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
as restated
6 F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 4,193 4,193
Charitable
activities
Independent
living for		 supported recovery 875,608 875,608
Investment
income		 536 536
Total 880,337 880,337
EXPENDITURE ON
Charitable
activities
Independent
living for		 supported recovery 890,436 4,614 895,050
NET INCOME/(EXPENDITURE) (10,099) (4,614) (14,713)
RECONCILIATION
OF FUNDS
Total funds brought forward
As previously
reported
Prior year adjustment		 1,904,815
(660,033)		 4,614 1,909,429
(660,033)
As restated 1,244,782 4,614 1,249,396
TOTAL FUNDS CARRIED FORWARD 1,234,683 1,234,683
PRIOR YEAR ADJUSTMENT

TANGIBLE FIXEDASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
F E F
COST OR VALUATION
At 1 April 2020 1,040,001 28,893 8,539 1,077,433
Additions 42,405 42,405
At 31 March 2021 1,040,001 71,298 8,539 1,119,838
DEPRECIATION
At 1 April 2020 20,731 3,074 23,805
Charge for year 10,113 1,093 11,206
At 31 March 2021 30,844 4,167 35,011
NET BOOK VALUE
At 31 March 2021 1,040,001 40,454 4,372 1,084,827
At 31 March 2020 1,040,001 8,162 5,465 1,053,628
Fixtures
Freehold and Computer
property fittings equipment Totals
6
Valuation in 2021 (1,084,967) (1,084,967)
Cost 2,124,968 71,298 8,539 2,204,805
1,040,001 71,298 8,539 1,119,838
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
as restated
F
Rent debtors 15,128 9,595
Other debtors 2,024 2,620
Prepayments and accrued income 4,908 2,304
22,060 14,519

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
as restated
F
Bank loans and overdrafts (see note 16) 8,611 8,310
Trade creditors 2,768 18,346
Social security
and other		 taxes 12,132 11,484
Other creditors 23,041
Net wage control 462
Accruals
and deferred		 income 5,760 2,340
52,774 40,480
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
as restated
E F
Bank loans (see note 16) 125,510 133,544
16. LOANS
An analysis
ofthe maturity		 of loans is given below:
31.3.21 31.3.20
as restated
F
Amounts
falling due within		 one year on demand:
Bank loans 8,611 8,310
Amounts
falling between		 one and two years:
Bank loans - 1-2years 18,257 17,619
Amounts
falling due between		 two and five years:
Bank loans - 2-5 years 30,187 29,131
Amounts
falling due in		 more than five years:
Repayable
by instalments:
Bank loans more 5 yr by instal 77,066 86,794
17. LEASING AGREEMENTS
Minimum
lease payments		 under non-cancellable operating leases fall due as follows:
31.3.21 31.3,20
as restated
E
Within one year 79,873 79,873
Between one and five years 314,304 314,304
In more than five years 37,127 37,127
431,304 431,304
The following secured debts are secured debts are secured debts are secured debts are included included within creditors; within creditors;
31.3,21 31.3.20
as restated
F
Bank loans 134,121 141,854
The bank loan is secured by a fixed charge over the property known as 59/61 Merton Road.
19. MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
F E E
Unrestricted funds
General
fund		 138,651 162,274 300,925
Fixed assets 1,096,032 (11,206) 1,084,826
1,234,683 151,068 1,385,751
TOTAL FUNDS 1,234,683 151,068 1,385,751
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
F
Unrestricted funds
General fund 1,090,742 (928,468) 162,274
Fixed assets (11,206) (11,206)
1,090,742 (939,674) 151,068
Restricted funds
Steve Morgan Foundation 13,772 (13,772)
TOTAL FUNDS 1,104,514 (953,446) 151,068
Comparatives for movement in funds
Prior Net Transfers
year movement between At
At 1.4,19 adjustment in funds funds 31.3.20
E E 6 F E
Unrestricted funds
General
fund		 233,560 48,063 (100,567) 181,056
Fixed assets 1,671,255 (660,033) (58,162) 100,567 1,053,627
1,904,815 (660,033) (10,099) 1,234,683
Restricted funds
DWF 4,614 (4,614)
TOTAL FUNDS 1,909,429 (660,033) (14,713) 1,234,683

MOVEMENT IN FUNDS - c ontinued
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted funds
General fund 880,337 (832,274) 48,063
Fixed assets (58,162) (58,162)
880,337 (890,436) (10,099)
Restricted funds
DWF (4,614) (4,614)
TOTAL FUNDS 880,337 (895,050) (14,713)