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2023-03-31-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 18

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes F
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,385 1,385 1,430
Charitable activities
Independent living for supported recovery 980,024 980,024 908,536
Investment income 677 677 125
Other income 21,621 21,621
Total 1,003,707 1,003,707 910,091
EXPENDITURE ON
Charitable activities
Independent living for supported recovery 887,843 887,843 861,853
NET INCOME 115,864 115,864 48,238
RECONCILIATION
OF FUNDS
Total funds brought forward 1,433,989 1,433,989 1,385,751
TOTAL FUNDS CARRIED FORWARD 1,549,853 1,549,853 1,433,989

31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes
FIXEDASSETS
Tangible assets 10 1,121,917 1,121,917 1,136,410
CURRENT ASSETS
Debtors 24,679 24,679 12,661
Cash at bank and in hand 804,423 804,423 452,686
829,102 829,102 465,347
CREDITORS
Amounts falling due within one year 12 (294,001) (294,001) (50,925)
NET CURRENT ASSETS 535,101 535,101 414,422
TOTAL ASSETS LESSCURRENT LIABILITIES 1,657,018 1,657,018 1,550,832
CREDITORS
Amounts falling due after more than one year 13 (107,165) (107,165) (116,843)
NET ASSETS 1,549,853 1,549,853 1,433,989
FUNDS 17
Unrestricted
funds		 1,549,853 1,433,989
TOTAL FUNDS 1,549,853 1,433,989

31.3.23 31.3.22
Notes
Cash flows from operating activities
Cash generated
from operations		 366,295 73,964
Interest paid (4,560) (4,487)
Net cash provided by operating
activi6es		 361,735 69,477
Cash flows from investing activities
Purchase oftangible
fixed assets		 (1,696) (65,425)
Interest received 677 125
Net cash used in investing activities (1,019) (65,300)
Cash flows from financing activities
Loan repayments in year (8,979) (8,639)
Net cash used
in		 financing activities (8,979) (8,639)
Change
in cash		 and cash equivalents in
the reporting
period		 351,T3T (4,462)
Cash and cash equivalents at the
beginning
ofthe		 reporting period 452,686 457,148
Cash and cash equivalents at the end of
the reporting
period		 804,423 452,686

31.3.23 31.3.22
Net income forthe reporting period (as per the Statement of Financial
Activities) 115,864 48,238
Adjustments
for:
Depreciation
charges		 14,436 13,842
Loss on disposal of fixed assets 1,751
Interest received (677) (125)
Interest paid 4,560 4,487
(Increase)/decrease in debtors (12,018) 9,399
Increase/(decrease) in creditors 242,379 (1,877)
Net cash provided by operations 366,295 73,964

ANALYSIS OF CHAN GES
IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
Net cash
Cash at bank and in hand 452,686 351,737 804,423
452,686 351,737 804,423
Debt
Debts falling due within 1 year (8,639) (697) (9,336)
Debts falling due after 1 year (116„843) 9,678 (107,165)
(125,482) 8,981 (116,501)
Total 327,204 360,718 687,922

DONATIONS AND LEGACIES LEGACIES
31.3.23 31.3.22
P.
Donations 1,385 1,430
INVESTMENT INCOME
31.3.23 31.3.22
E f.
Deposit account interest 677 125
INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Activity f
Rents receivable Independent living for supported recovery 664,077 591,106
Housing
support		 Independent living for supported recovery 251,862 251,893
Syrian resettlement Independent living for supported recovery 27,000 22,973
Rough sleeper 8 crash bed
income Independent living for supported recovery 23,380 29,517
LA reimbursement ofSyrian
property
refurbishment		 Independent living for supported recovery 13,705 6,307
JRS Furlough
Scheme Grant		 Independent living for supported recovery 6,740
980,024 908,536
Grants received, included in the above, are as follows:
31.3.23 31.3.22
Staff working emergency facility 6,740
CHARITABLE ACTIVITIES COSTS
Direct
Costs
f
Independent
living		 for supported
recovery 887,843

Net income/(expenditure)
is stated after charging/(crediting):
31.3.23 31.3.22
Depreciation - owned assets 14,438 13,842
Hire ofplant and machinery 3,488 3,429
Other operating
leases		 96,562 98,898
Deficit on disposal offixed assets 1,751

STAFF COSTS
31.3.23
f		 31.3.22
Wages and salaries 526„603 522,203
Social security costs 42,486 40,970
Other pension costs 8,289 8,681
577,378 571,854
The average
monthly		 number ofemployees during the year was as follows:
31.3.23 31.3.22
Charitable
activity staff		 23 23

Unrestricted Restricted Total
funds funds funds
F
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,430 1,430
Charitable activities
Independent living for supported recovery 908,536 908,536
Investment income 125 125
Total 910,091 910,091
EXPENDITURE ON
Charitable activities
independent living for supported recovery 861,853 861,853
NET INCOME 48,238 48,238

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
RECONCILIATION OF FUNDS
Total funds brought forward 1,365,751 1,385,751
TOTAL FUNDS CARRIED FORWARD 1,433,989 1,433,969
10. TANGIBLE FIXEDASSETS
Fixtures
Freehold and Computer
property
f.		 fittings equipment Totals
f
COST OR VALUATION
At 1 Apn'I 2022 1,065,918 109,977 9,368 1,185,263
Additions 1,696 1,696
Disposals (6,680) (6,680)
At 31 March 2023 1,065,918 104,993 9,368 1,180,279
DEPRECIATION
At 1 April 2022
Charge foryear
Eliminated
on disposal		 43,700
13,595
(4,929)		 5,153
843		 48,853
14,438
(4,929)
At 31 March 2023 52,366 5,996 58,362
NET BOOK VALUE
At 31 March 2023 1,065,918 52,627 3372 1,121,917
At 31 March 2022 1,065,916 66,277 4,215 1,136,410
Cost or valuation
at		 31 March 2023 is represented by:
Fixtures
Freehold and Computer
property fittings equipment Totals
K K R F
Valuation
in 2021		 1,084,967 1,084,967
Valuation
in 2022		 (19,049) 109,977 9,368 100,296
Valuation
in 2023		 (4,984) (4,984)
1,065,91& 104,993 9,368 1,180,279

DEBTORS:AMOUNTS
F		 ALL ING DUE WITHIN ONE YEAR
31.3.23 31.3.22
R E
Rent debtors 19,806 7,844
Other debtors 1,402 160
Prepayments
and accrued		 income 3,471 4,657
24,6?9 12,661
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Bank loans and overdrafts (see note 14) 9,336 8,639
Trade creditors 2,785 3,047
Social security and other taxes 11,238 11,241
Pension 1,645 2,062
Other creditors 195„400 23,041
Accruals and deferred
income		 73,59? 2,895
294,001 50,925
CREDITORS: ANIOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
K
Bank loans (see note 14) 107,165 116,843
LOANS
An analysis ofthe maturity ofloans is given below:
31.3.23 31.3.22
Amounts
falling due within
Bank loans		 one year on demand: 9„336 8,639
Amounts
falling between one
Bank loans - 1-2 years		 and two years: 9,705 9,156
Amounts
falling due between
Bank loans -2-5 years		 two and five years: 31,483 29,702
Amounts
falling due in more than five years:
Repayable
by instalments:
Bank loans more 5yr by instal		 65,9TT 77,985

Minimum
lea		 se payments
under non-canc		 ellable
operating leases fall du		 e as follows:
31.3.23 31.3.22
R f
Within one year 9,010 78,000
Between one and five years 39,748 214,500
In more than five years 75,988
124,746 292,500
SECURED DEBTS
The following secured debts are included within creditors:
31.3.23 31.3.22
K
Bank loans 116,501 125,482

MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
f F
Unrestricted funds
General fund 1,433,989 115,864 1,549,853
TOTAL FUNDS 1,433,989 115,864 1,549,853
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources
f		 expended
E		 in funds
F
Unrestricted funds
General fund 1,003,?07 (887,843) 115,864
TOTAL FUNDS 1,003,707 (887,843) 115,864
Comparatives for movement in funds
Net Transfers
movement between At
At 1.4.21
f		 in funds
E		 fundsf 31.3.22
Unrestricted funds
General fund 345,750 48,236 (25,917) 368,071
Fixed assets 1,040,001 25,917 1,065,918
1,385,751 48,238 1,433,989
TOTAL FUNDS 1,385,751 48,238 1,433,989

Comparative net movement
in funds, included		 in the above are as follows:
Incoming Resources Movement
resources expended
f		 in funds
f.
Unrestricted funds
General fund 910,091 (861,853) 48,238
TOTAL FUNDS 910,091 (861,853) 48,238