2021-03-31-accounts

Trustees Report		1 to23
Statement ofTrustees'	Responsibilities	24
Independent Auditors'	Report	25 to 29
Statement of Financial	Activities	30 to 31
Balance Sheet
Statement ofCash Flows
Notes to the Financial	Statements	34 to 52

Reference and	Reference and	Reference and	Administrative Details	Administrative Details	Administrative Details
Trustees					Mr Gareth Bray (Chairman)
					Mr Hugh Hedderly
					Mr Timothy Charles Styles
					Mr Roger Michael	Varney
					Mrs Janet Varney
					Mr William Horton
					Mr Mark Steer
					Miss Judith Cross	(Appointed	5 December 2020)
					Miss Bimini Love (Appointed		5	December 2020)
					Mr Kevin Prinsloo	(Appointed	5 December 2020)
					Mrs Elaine Roberts (Appointed			5 December 2020)
Secretary					Mr Malcolm Putko
Principal	Office				81 Truro Road
					StAustell
					Cornwall
					PL25 5JQ
Registered		Office			81 Truro Road
					StAustell
					Cornwall
					PL25 5JQ
Company		Registration		Number	6725642
Charity Registration			Number		1131438
Bankers					CAF Bank Limited
					25 Kings Hill Avenue
					Kings Hill
					West Mailing
					ME194JQ
Auditor					PKF Francis Clark
					Lowin House
					Tregolls Road
					Truro
					Cornwall
					TR1 2NA

(Including Inc	ome a	nd Expe	nditure Acc	ount)
			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
		Note		f.
Income and Endowments		from:
Donations and legacies		2	1,840	198,331	200,171	127,382
Charitable activities		3	2,218,390	65,500	2,283,890	1,791,593
Investment income		4	494		494	953
Other trading income			195		195	392
Total Income			2,220,919	263,831	2,484,750	1,920,320
Expenditure on:
Raising funds			(17,103)		(17,103)	(24,434)
Charitable activities			(1,788,458)	(192,143)	(1,980,601)	(1,624,101)
Total Expenditure			(1,805,561)	(192,143)	(1,997,704)	(1,648,535)
Net income			415,358	71,688	487,046	271,785
Transfers between	funds		(13,125)	13,125
Other recognised	gains and losses
Net movement in funds			402,233	84,813	487,046	271,785
Reconciliation of	funds
Total funds brought	forward		1,807,708	8,955	1,816,663	1,544,878
Total funds carried	forward	17	2,209,941	93,768	2,303,709	1,816,663

			Unrestricted		Total
			funds	Restricted	2020
				E
Income and Endowments		from:
Donations and legacies			193	127,189	127,382
Charitable activities			1,791,593		1,791,593
Investment income			953		953
Other trading income			392		392
Total Income			1,793,131	127,189	1,920,320
Expenditure on:
Raising funds			(8,259)	(16,175)	(24,434)
Charitable activities			(1,504,075)	(120,026)	(1,624,101)
Total Expenditure			(1,512,334)	(136,201)	1,648,535)
Net income/(expenditure)			280,797	(9,012)	271,785
Transfers between	funds		128,350	(128,350)
Net movement in funds			409,147	(137,362)	271,785
Reconciliation of	funds
Total funds brought	forward		1,398,561	146,317	1,544,878
Total funds carried	forward		1,807,708	8,955	1,816,663

Balance She	et	as	at 31 March 2021
				Note	2021	2020f
Fixed assets
Tangible assets				9	2,338,885	1,985,898
Investments				10	100	100
					2,338,985	1,985,998
Current assets
Debtors					193,707	87,333
Cash at bank and	in hand				426,325	426,400
					620,032	513,733
Creditors: Amounts		falling due within one year		12	(146,201)	(130,678)
Net current assets					473,831	383,055
Total assets less	current		liabilities		2,812,816	2,369,053
Creditors: Amounts		falling due after more than one year		13	(509,107)	(552,390)
Net assets					2,303,709	1,816,663
Funds ofthe charity:
Restricted income funds
Restricted funds					93,768	8,955
Unrestricted income		funds
Unrestricted funds					2,209,941	1,807,708
Total funds				17	2,303,709	1,816,663

			2021	2020
		Note
Cash flows from operating activities
Net cash income			487,046	271,785
Adjustments to cash flows from non-cash	items
Depreciation			117,400	104,360
Investment income			(494)	(953)
			603,952	375,192
Working capital adjustments
(Increase)/decrease in debtors		11	(106,374)	62,079
Increase/(decrease) in creditors		12	29,295	(9,323)
Decrease in deferred income		12	(16,682)	(40,339)
Net cash flows from operating activities			510,191	387,609
Cash flows from investing activities
Interest receivable and similar income			494	953
Purchase oftangible fixed assets			(470,387)	(760,402)
Net cash flows from investing activities			(469,893)	(759,449)
Cash flows from financing activities
Value of new loans obtained during the period				279,990
Repayment of loans and borrowings		12	(40,373)	(36,200
Net cash flows from financing activities			(40,373)	243,790
Net decrease in cash and cash equivalents			(75)	(128,050)
Cash and cash equivalents at 1 April			426,400	554,450
Cash and cash equivalents at 31 March			426,325	426,400

2 Inco	me	from	donations and	legacies
				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
							f.
Donations		and Legacies;
Donations				1,840	2,901	4,741	1,261
Grants,	including		capital grants;
Grants					195,430	195,430	126,121
				1,840	198,331	200,171	127,382

3	Income	from charitable	activities
				Unrestricted	Restricted	Total
				funds	funds	2021
					f.	E
	Room Rental income			1,565,860		1,565,860
	Electricity	& phone fees		5,663		5,663
	Infection	control		20,500		20,500
	Complex	Needs Support		75,475		75,475
	Empowering independence			487,373		487,373
	Outreach	services		61,049	45,000	106,049
	Harbour	Firesafe income		22,970		22,970
				2,238,890	45,000	2,283,890
					Unrestricted	Total
					funds	2020
						E
	Room Rental income				1,192,460	1,192,460
	Electricity	8 phone fees			5,083	5,083
	Complex	Needs Support			117,651	117,651
	Empowering independence				225,340	225,340
	Outreach	services			224,021	224,021
	Harbour	Firesafe income			27,038	27,038
					1,791,593	1,791,593
4	Investment income
				Unrestricted	Total	Total
				funds	2021	2020
				F
Interest receivable and similar income;
	Interest on cash deposits			494	494	953

	Activity
	undertaken	Total	Total
	directly	2021	2020
	E	f.
Staff Costs	744,335	744,335	618,942
Resident Tenancy Sustainment	28,420	28,420	21,418
Rent	372,864	372,864	294,041
Rates	43,288	43,288 .	34,556
Light 8 Heat	55,421	55,421	38,298
Insurance	43,836	43,836	37,810
Consumables	2,706	2,706	2,328
Repairs 8 Maintenance	156,481	156,481	142,606
Security Costs	213,975	213,975	154,646
Cleaning	47,307	47,307	27,028
Telephone & Internet	13,437	13,437	10,828
Other Expenditure	44,848	44,848	50,713
Travel Expenses	46,614	46,614	33,592
Bad Debts	12,299	12,299	7,174
Loan Interest	19,207	19,207	23,993
Bank Charges	59	59	190
Depreciation	117,400	117,400	104,360
Accountancy	4,734	4,734	4,392
Audit fees	3,414	3,414	3,228
Legal and professional	9,956	9,956	13,958
	1,980,601	1,980,601	1,624,101

7 Staff costs The aggregate payroll costs were as follows:
	2021	2020
Staff costs during the year were:
Wages and salaries	675,948	572,813
Social security costs	53,147	41,827
Pension costs	23,670	18,371
Staff training	4,976	2,106
	757,741	635,117

9 Tangible fixed a	ssets
	Freehold and	Short
	long leasehold property E	leasehold property improvementsf	Fixtures, fittings and equipment F	Motor vehiclesf	Totalf
Cost
At 1 April 2020 Additions	1,468,063 356,378	859,328 40,234	128,758 38,879	39,541 34,896	2,495,690 470,387
At 31 March 2021	1,824,441	899,562	167,637	74,437	2,966,077
Depreciation
At 1 April 2020	15,040	387,411	91,000	16,341	509,792
Charge for the year		84,309	21,976	11,115	117,400
At 31 March 2021	15,040	471,720	112,976	27,456	627,192
Net book value
At 31 March 2021	1,809,401	427,842	54,661	46,981	2,338,885
At 31 March 2020	1,453,023	471,917	37,758	23,200	1,985,898

10Fixed asset investments
	2020f	2020 E
Shares in group undertakings	100	100
Shares in group undertakings
	Subsidiary
	undertakings E	Totalf
Cost,
At 1 April 2020	100	100
At 31 March 2021	100	100
Net book value
At 31 March 2021	100	100
At 31 March 2020	100	100

		Country	of			Proportion	ofvoting	Principal
Undertaking		incorporation		Holding		rights and	shares held	activity
						2021	2020
Subsidiary	undertakings
Harbour Housing Limited		England	8 Wales	Ordinary shares	E1	100%	100%	Dormant

11 Debtors
	2021	2020
Prepayments	10,073	10,931
Accrued income	183,634	76,402
	193,707	87,333

12Creditors:	amounts falling due within one year
		2021f	2020f
Bank loans		41,511	38,601
Trade creditors		43,431	28,159
Due to group undertakings		100	100
Other taxation	and social security	18,115	156
Other creditors			10,217
Accruals		17,142	10,861
Deferred income		25,902	42,584
		146,201	130,678

			2020
Deferred	income at 1 April 2020		42,584
Resources deferred in the period			25,902
Amounts	released from previous	periods	(42,584)
Deferred	income at 31 March 2021		25,902

13Cr	editors: amounts falling due after o	ne year
		2021f	2020
Bank	loans	509,107	552,390

Includ	ed in	the	credi	tors a	re t	he following amounts due aft	er more than five years:
							2021f	2020f
After	more	than	five	years	by	instalments	327,428	380,565

The total value of future minimum lease paym	ents was as follows:
	2021	2020
	E
Within one year	291,148	286,696
In two to five years	1,151,842	1,142,534
In over five years	9,256,722	9,389,115
	10,699,712	10,818,345

17Funds
				Balance at				Balance at
				1 April	Incoming	Resources		31 March
				2020	resources	expended	Transfers	2021
					E
Unrestricted funds
General
Unrestricted income			fund	1,538,708	2,220,919	(1,805,561)	(96,125)	1,857,941
Designated
Redevelopment	fund			64,000			36,000	100,000
Cyclical operation		fund		50,000			12,000	62,000
Strategic reserve	fund			145,000				145,000
Restructuring fund				10,000			35,000	45,000
				269,000			83,000	352,000
Total unrestricted		funds		1,807,708	2,220,919	(1,805,561)	(13,125)	2,209,941
Restricted funds
Tenancy sustainment					3,000		(3,000)
Community work				3,533				3,533
IN CIST				3,649			3,000	6,649
Sport England				585				585
Other restricted	funds			1,188	1,101	(5,293)	25	(2,979)
Escaping Violence and
Abuse					55,000	(55,000)
Nationwide Landlord
Incentive Scheme					45,000	(33,422)	9,100	20,678
Winter Transformation
Fund					25,000	(17,560)		7,440
Awards for all					9,698	(4,467)		5,231
MHLG Covid-19
Homelessness response
fund					72,281	(38,923)		33,358
Morrisons Covid-19
support					2,000	(1,423)		577
Domestic abuse	support
fund					18,451	(11,113)		7,338
Covid-19 Crowdfunder					1,800			1,800
CCF van purchase			and
repairs Infection control					10,000 20,500	(4,442) ~20,500)	4,000	9,558

Note	s to the	Financi	al Statements	for the	Year Ended	31 March	2021
			Balance at				Balance at
			1 April	Incoming	Resources		31 March
			2020f	resources	expended	Transfers E	2021 E
Total	restricted	funds	8,955	263,831	(192,143)	13,125	93,768
Total	funds		1,816,663	2,484,750	(1,997,704)		2,303,709

Notes to the	F	inancial	Statements	for the	Year Ended	31 March	2021
			Balance at				Balance at
			1 April	Incoming	Resources		31 March
			2019	resources f	expended	Transfers E	2020 E
Unrestricted funds
General
Unrestricted income fund			1,053,561	1,793,131	(1,512,334)	204,350	1,538,708
Designated
Redevelopment	fund		52,000			12,000	64,000
Cyclical operation		fund	38,000			12,000	50,000
Strategic reserve		fund	105,000			40,000	145,000
Restructuring fund			50,000			(40,000)	10,000
Sunnycroft development			100,000			(100,000)
			345,000			(76,000)	269,000
Total unrestricted		funds	1,398,561	1,793,131	(1,512,334)	128,350	1,807,708
Restricted
Tenancy sustainment			23,000	20,000	(20,000)	(23,000)
Community work			13,641			(10,108)	3,533
Duke of Cornwall		Fund	1,703		(1,699)	(4)
IN CIST			3,649				3,649
Sport England			585				585
Other restricted	funds		495	2,599	(6,959)	5,053	1,188
Escaping Violence and
Abuse				104,590	(104,590)
Cosgarne in Bloom			1,284		(1,281)	(3)
Police 8 Crime
Commissioner			1,936		(1,672)	(264)
Heritage Lottery	fund		24			(24)
Sunnycroft development			100,000			(100,000)
Total restricted funds			146,317	127,189	(136,201)	(128,350)	8,955
Total funds			1,544,878	1,920,320	~(1,848,535		1,816,663

18Analysis ofnet assets betwe	en funds
Year ended 31 March 2021	General Funds	Designated Funds	Restricted Funds	Total Funds
Tangible fixed assets	2,290,865		48,020	2,338,885
Fixed asset investments	100			100
Current assets	222,282	352,000	45,748	620,032
Current liabilities	(146,201)			(146,201)
Creditors over 1 year	(509,107)			(509,107)
Total net assets	1,857,941	352,000	93,768	2,303,709
Year ended 31 March 2020	General Funds	Designated Funds	Restricted Funds	Total Funds
Tangible fixed assets	1,985,898			1,985,898
Fixed asset investments	100			100
Current assets	235,778	269,000	8,955	513,733
Current liabilities	(130,678)			(130,678)
Creditors over 1 year	(552,390)			(552,390)
Total net assets	1,538,708	269,000	8,955	1,816,663