|||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|
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|||||||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|
##
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||||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|
##
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|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|
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|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|
##
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|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||
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|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|
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|||||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|
##
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|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|
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|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|
##