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





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|Reference and|Reference and|Reference and|Administrative<br>Details|Administrative<br>Details|Administrative<br>Details||||
|---|---|---|---|---|---|---|---|---|
|Trustees|||||Mr Gareth<br>Bray (Chairman)||||
||||||Mr Hugh<br>Hedderly||||
||||||Mr Timothy Charles Styles||||
||||||Mr Roger Michael|Varney|||
||||||Mrs Janet Varney||||
||||||Mr William<br>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<br>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<br>Hill Avenue||||
||||||Kings<br>Hill||||
||||||West Mailing||||
||||||ME194JQ||||
|Auditor|||||PKF Francis Clark||||
||||||Lowin House||||
||||||Tregolls Road||||
||||||Truro||||
||||||Cornwall||||
||||||TR1 2NA||||





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|(Including<br>Inc|ome a|nd Expe|nditure<br>Acc|ount)|||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2021|2020|
|||Note||f.|||
|Income and Endowments||from:|||||
|Donations<br>and legacies||2|1,840|198,331|200,171|127,382|
|Charitable<br>activities||3|2,218,390|65,500|2,283,890|1,791,593|
|Investment<br>income||4|494||494|953|
|Other trading<br>income|||195||195|392|
|Total Income|||2,220,919|263,831|2,484,750|1,920,320|
|Expenditure<br>on:|||||||
|Raising funds|||(17,103)||(17,103)|(24,434)|
|Charitable<br>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<br>between|funds||(13,125)|13,125|||
|Other recognised|gains and losses||||||
|Net movement<br>in funds|||402,233|84,813|487,046|271,785|
|Reconciliation<br>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|





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||||Unrestricted||Total|
|---|---|---|---|---|---|
||||funds|Restricted|2020|
|||||E||
|Income and Endowments||from:||||
|Donations<br>and legacies|||193|127,189|127,382|
|Charitable<br>activities|||1,791,593||1,791,593|
|Investment<br>income|||953||953|
|Other trading<br>income|||392||392|
|Total Income|||1,793,131|127,189|1,920,320|
|Expenditure<br>on:||||||
|Raising funds|||(8,259)|(16,175)|(24,434)|
|Charitable<br>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<br>between|funds||128,350|(128,350)||
|Net movement<br>in funds|||409,147|(137,362)|271,785|
|Reconciliation<br>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|





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|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<br>income funds|||||||
|Restricted<br>funds|||||93,768|8,955|
|Unrestricted<br>income||funds|||||
|Unrestricted<br>funds|||||2,209,941|1,807,708|
|Total funds||||17|2,303,709|1,816,663|



## 



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





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|2<br>Inco|me|from|donations<br>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|





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|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<br>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<br>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<br>income||||||
|||||Unrestricted|Total|Total|
|||||funds|2021|2020|
|||||F|||
|Interest receivable<br>and similar income;|||||||
||Interest on cash deposits|||494|494|953|





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## 

||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<br>& 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|





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|7 Staff costs<br>The aggregate<br>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|





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|9 Tangible fixed a|ssets|||||
|---|---|---|---|---|---|
||Freehold<br>and|Short||||
||long<br>leasehold<br>property<br>E|leasehold<br>property<br>improvementsf|Fixtures,<br>fittings and<br>equipment<br>F|Motor<br>vehiclesf|Totalf|
|Cost||||||
|At 1 April 2020<br>Additions|1,468,063<br>356,378|859,328<br>40,234|128,758<br>38,879|39,541<br>34,896|2,495,690<br>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<br>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|





## 

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|10Fixed asset investments|||
|---|---|---|
||2020f|2020<br>E|
|Shares<br>in group undertakings|100|100|
|Shares<br>in group undertakings|||
||Subsidiary||
||undertakings<br>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|





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



## 

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





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|12Creditors:|amounts<br>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<br>income||25,902|42,584|
|||146,201|130,678|



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



## 

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



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





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|The total value of future<br>minimum<br>lease paym|ents<br>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|



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|17Funds|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at||||Balance at|
|||||1 April|Incoming|Resources||31 March|
|||||2020|resources|expended|Transfers|2021|
||||||E||||
|Unrestricted<br>funds|||||||||
|General|||||||||
|Unrestricted<br>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<br>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<br>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<br>Landlord|||||||||
|Incentive Scheme|||||45,000|(33,422)|9,100|20,678|
|Winter Transformation|||||||||
|Fund|||||25,000|(17,560)||7,440|
|Awards<br>for all|||||9,698|(4,467)||5,231|
|MHLG Covid-19|||||||||
|Homelessness<br>response|||||||||
|fund|||||72,281|(38,923)||33,358|
|Morrisons<br>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<br>Infection control|||||10,000<br>20,500|(4,442)<br> ~20,500)|4,000|9,558|





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|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<br>E|2021<br>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|





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|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<br>f|expended|Transfers<br>E|2020<br>E|
|Unrestricted<br>funds||||||||
|General||||||||
|Unrestricted<br>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<br>fund|||50,000|||(40,000)|10,000|
|Sunnycroft<br>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<br>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<br>in Bloom|||1,284||(1,281)|(3)||
|Police 8 Crime||||||||
|Commissioner|||1,936||(1,672)|(264)||
|Heritage<br>Lottery|fund||24|||(24)||
|Sunnycroft<br>development|||100,000|||(100,000)||
|Total restricted<br>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|





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|18Analysis<br>ofnet assets betwe|en funds||||
|---|---|---|---|---|
|Year ended 31 March 2021|General Funds|Designated<br>Funds|Restricted<br>Funds|Total Funds|
|Tangible<br>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<br>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<br>Funds|Restricted<br>Funds|Total Funds|
|Tangible<br>fixed assets|1,985,898|||1,985,898|
|Fixed asset investments|100|||100|
|Current assets|235,778|269,000|8,955|513,733|
|Current<br>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|



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