|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|4|
|Report ofthe Independent<br>Auditors|5|to|7|
|Statement<br>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<br>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<br>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<br>from operations||||||171,894|49,712|
|Interest paid||||||(5,822)|(5,224)|
|Net cash provided|by operating<br>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<br>in|investing|activities||||(41,751)|(892)|
|Cash flows from|financing||activities|||||
|Loan repayments|in year|||||(7,733)|(8,476)|
|Net cash used<br>in|financing|activities||||(7,733)|(8,476)|
|Change<br>in cash|and cash||equivalents|in||||
|the reporting<br>period||||||116,588|35,120|
|Cash and cash equivalents|||at the|||||
|beginning<br>ofthe|reporting||period|||340,560|305,440|
|Cash and cash equivalents|||at the end|of||||
|the reporting<br>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<br>of Financial||Activities)||151,068|(14,713)|
|Adjustments<br>for:||||||
|Depreciation<br>charges||||11,206|58,162|
|Interest received||||(654)|(536)|
|Interest paid||||5,822|5,224|
|Increase<br>in debtors||||(7,541)|(9,526)|
|Increase<br>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|





## 

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## 

## 

## 



## 

## 

## 

|||||||||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<br>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<br>monthly||number ofemployees|during|the year was as follows:|||
||||||31.3.21|31.3.20|
|||||||as restated|
|Charitable|activity staff||||23|23|





## 

|||||||
|---|---|---|---|---|---|
|COMPARATIVES<br>FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||||as restated|
|||||6|F|
|INCOME AND ENDOWMENTS||FROM||||
|Donations<br>and legacies|||4,193||4,193|
|Charitable<br>activities||||||
|Independent<br>living for|supported|recovery|875,608||875,608|
|Investment<br>income|||536||536|
|Total|||880,337||880,337|
|EXPENDITURE ON||||||
|Charitable<br>activities||||||
|Independent<br>living for|supported|recovery|890,436|4,614|895,050|
|NET INCOME/(EXPENDITURE)|||(10,099)|(4,614)|(14,713)|
|RECONCILIATION<br>OF FUNDS||||||
|Total funds brought|forward|||||
|As previously<br>reported<br>Prior year adjustment|||1,904,815<br>(660,033)|4,614|1,909,429<br>(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<br>and other||taxes||||12,132|11,484|
||Other creditors||||||23,041||
||Net wage control||||||462||
||Accruals<br>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<br>ofthe maturity||of|loans is given below:|||||
||||||||31.3.21|31.3.20|
|||||||||as restated|
|||||||||F|
||Amounts<br>falling due within||one year on demand:||||||
||Bank loans||||||8,611|8,310|
||Amounts<br>falling between||one|and two years:|||||
||Bank loans - 1-2years||||||18,257|17,619|
||Amounts<br>falling due between|||two and five years:|||||
||Bank loans - 2-5 years||||||30,187|29,131|
||Amounts<br>falling due in|more than five years:|||||||
||Repayable<br>by instalments:||||||||
||Bank loans more 5 yr by instal||||||77,066|86,794|
|17.|LEASING AGREEMENTS||||||||
||Minimum<br>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<br>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<br>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)|



## 

##