| DIRECTORS | |||
|---|---|---|---|
| CJ Carlisle (Chair) | |||
| C I El-Shabba | |||
| JB J Hughes | |||
| M BMeara | |||
| C Moquet | |||
| A Phillips | |||
| D Spafford | |||
| G Williams | |||
| P S Woodgate | |||
| CHIEF EXECUTIVE OFFICER | S Bulbeck | ||
| COMPANY NUMBER | 06861227 | ||
| CHARITY NUMBER | 1133436 | ||
| REGISTERED OFFICE | Unit F,Hove Technology | Centre | |
| AND OPERATIONS ADDRESS | St Joseph's Close | ||
| Hove | |||
| East Sussex | |||
| BN3 7ES | |||
| AUDITOR | Chariot House | Limited, | |
| 44 Grand Parade | |||
| Brighton | |||
| East Sussex | |||
| BN2 9QA | |||
| SOLICITORS | Trowers tb Hamlin |
||
| 3 Bunhill Row | |||
| London | |||
| ECIY SYZ | |||
| BANK | Santander UK |
Pic | |
| 2 Triton Square | |||
| Regent's Place | |||
| London | |||
| NWI 3AN | |||
| FINANCIAL ADVISORS | RSM Corporate | Finance | LLP |
| 6e Floor | |||
| 25 Farringdon | Street | ||
| London | |||
| EC4A 4AB |
| Notes | 2021 | 2020 | ||
|---|---|---|---|---|
| f | ||||
| INCOME AND ENDOWMENTS | FROM: | |||
| Charitable activities |
4,585,835 | 4,450,009 | ||
| EXPENDITURE ON; | ||||
| Charitable activities |
(5, 1 16,846) | (5,126,035) | ||
| NET EXPENDITURE | (531,011) | (676,026) | ||
| RECONCILIATION OF FUNDS; |
||||
| TOTAL FUNDS BROUGHT FORWARD | (6,246,600) | (5,570,574) | ||
| TOTAL FUNDS CARRIED FORWARD | (6,777,611) | (6,246,600) |
| 2021 | 2020 | ||
|---|---|---|---|
| Notes | f | ||
| FIXEDASSETS | |||
| Tangible assets |
3 | 23,031,082 | 23,798,739 |
| CURRENT ASSETS | |||
| Debtors | 768,581 | 861,715 | |
| Cash at bank and in hand | 4,241,121 | 4,062,971 | |
| 5,009,702 | 4,924,686 | ||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 5 | (640,796) | (651,101) |
| NET CURRENT ASSETS | 4,368,906 | 4,273,585 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 27,399,988 | 28,072,324 | |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
6 | (34,177,599) | (34,318,924) |
| NET LIABILITIES | (6,777,611) | (6,246,600) | |
| UNRESTRICTED FUNDS | |||
| Deficiency | (6,777,611) | (6,246,600) | |
| TOTAL DEFICIENCY | 8 | (6,777,611) | (6,246,600) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | ||||
| CASH PROVIDED BY/ (USED IN) OPERATING |
ACTIVITIES | 13 | 178,421 | 554,746 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase offixed assets | (271) | |||
| CASH USED IN INVESTING ACTIVITIES | (271) | |||
| CASH FLOWS FROM FINANCING ACTIVITIES: |
||||
| Repayments ofborrowing |
||||
| Cash infiows &om new borrowing | ||||
| NET CASH PROVIDED BYFINANCING ACTIVITIES |
||||
| CHANGE IN CASH AND CASH EQUIVALENTS PERIOD |
IN THE REPORTING | 178,150 | 554,746 | |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE REPORTING PERIOD |
4,062,971 | 3,508,225 | ||
| CASH AND CASH EQUIVALENTS AT THE END | OF THE REPORTING | PERIOD | 4,241,121 | 4,062,971 |
| hton k, Hove Seaside Community Hom S To THE FINANCIAL STATEMENTS year ended 31 March 2021 |
hton k, Hove Seaside Community Hom S To THE FINANCIAL STATEMENTS year ended 31 March 2021 |
es Limited | |
|---|---|---|---|
| NET OLITGOING RESOURCES FOR THE YEAR | 2021 | 2020 | |
| f | |||
| Net outgoing resources |
is stated after charging: | ||
| Depreciation oftangible |
assets | ||
| - Owned assets |
228 | 221 | |
| -Leased assets | 767,700 | 767,697 | |
| Operating lease rentals |
10,251 | 9,093 |
| 3 | TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|---|
| Leasehold | Computer | Total | |||
| Land | equipment | ||||
| and | buildings | etc. | |||
| COST | |||||
| At I April 2020 | 29,498,181 | 33,234 | 29,531,415 | ||
| Additions | 271 | 271 | |||
| At 31 March 2021 | 29,498,181 | 33,505 | 29,531,686 | ||
| DEPRECIATION | |||||
| At I April 2020 | 5,699,585 | 33,091 | 5,732,676 | ||
| Charge for the year | 767,700 | 228 | 767,928 | ||
| At 31March 2021 | 6,467,285 | 33,319 | 6,500,604 | ||
| NET BOOK VALUE | |||||
| At 31March 2021 | 23,030,896 | 186 | 23,031,082 | ||
| At 31March 2020 | 23,798,596 | 143 | 23,798,739 | ||
| 4 | DEBTORS | 2021 | 2020 | ||
| Trade debtors | 355,481 | 427,177 | |||
| Other debtors and prepayments | 413,100 | 434,538 | |||
| 768,581 | 861,715 |
| 5 | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2021 | 2020 |
|---|---|---|---|---|
| Trade creditors | 200,244 | 178,206 | ||
| Taxation and social security | ||||
| Other creditors | 165,947 | 197,846 | ||
| Loan —Santander |
274,605 | 275,049 | ||
| 640,796 | 651,101 | |||
| 6 | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | 2021 | 2020 | |
| f | ||||
| Other creditors - Brighton and Hove City Council | 2,778,200 | 2,644,920 | ||
| Loan - Santander | 31,399,399 | 31,674,004 | ||
| 34,177,599 | 34,318,924 | |||
| An analysis ofthe maturity ofLoan - Santander | is given below: | 2021 | 2020 | |
| f | ||||
| Amounts falling due in more than one year, but |
less than two years: | 270,462 | 274,605 | |
| Amounts falling due between two and five years: |
1,417,112 | 1,105,767 | ||
| Amounts falling due in more than five years: |
29,711,825 | 30,293,632 |
| DEFINED CONTRIBUTION | DEFINED CONTRIBUTION | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f. | ||||
| Contributions | payable by the company | for the year | 25,585 | 26,309 |
| Equipment | Equipment | Land and | Buildings | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||
| f. | f. | ||||||
| Operating | leases which expire: | ||||||
| Not later | than one year | 2,322 | 2,322 | 8,000 | 6,658 | ||
| Between | two and five years | 2,516 | 4,838 | 15,101 | 0 | ||
| RELATED PARTY TRANSACTIONS | |||||||
| 2021 | 2020 | ||||||
| f. | 8 | ||||||
| Short term creditors owing to Brighton |
62 Hove City Council at the year | end | 179,544 | 173,232 | |||
| Amounts the year |
received &om Brighton dr Hove City Council on the company's |
behalf in | 560,169 | 608,649 | |||
| Long term | creditors owing to Brighton |
k.Hove | City Council at the year | end | 2,778,200 | 2,644,920 | |
| Rental income received in the year I'rom |
Brighton | 6't Hove City Council | as | 4,585,835 | 4,450,009 | ||
| managing | agents | ||||||
| Charges in the year from Brighton &Hove |
City Council for management | fees | 2,116,662 | 2,042,255 | |||
| Repayment | ofAvailable Monies to Brighton |
and | Hove City Council | 426,889 |
| 11 | EXPENDITURE ON | EXPENDITURE ON | CHARITABLE ACTIVITIES | 2021 | 2020 |
|---|---|---|---|---|---|
| Property management |
fees | 2,116,662 | 2,042,255 | ||
| Support costs | 218,995 | 241,283 | |||
| Depreciation | 767,928 | 767,918 | |||
| Deice and general | overheads | 76,456 | 76,858 | ||
| Legal and professional | fees | 62,111 | 99,446 | ||
| Finance costs | 1,865,289 | 1,886,957 | |||
| Audit fee | 9,405 | 11,318 | |||
| 5,116,846 | 5,126,035 | ||||
| 12 | STAFF COSTS AND | TRUSTEES' REMUNERATION | 2021 | 2020 | |
| f | |||||
| Salaries | 174,890 | 185,744 | |||
| Social security | 12,610 | 14,470 | |||
| Pension contribution | 25,585 | 26,308 | |||
| 213,085 | 226,522 |
| 13 | RECONCILIATION ON NET MOVEMENTS |
IN FUNDS TO NET CASH FLOW | ||
|---|---|---|---|---|
| FROM OPERATING ACTIVTIES | 2021 | 2020 | ||
| f, | f | |||
| Net movement in funds |
(531,011) | (676,026) | ||
| Add back depreciation charge |
767,928 | 767,918 | ||
| (Increase)/Decrease in debtors |
93,134 | (38,848) | ||
| (Decrease)/Increase in creditors |
(151,630) | 501,702 | ||
| NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES | 178,421 | 554,746 |
| At start ofyear | Cash Flows | Other non-cash | At end of | |
|---|---|---|---|---|
| Changes | year | |||
| f. | ||||
| Cash | 4,062,971 | 178,150 | 4,241,121 | |
| Loans falling due within one year | (275,049) | 275,049 | (274,605) | (274,605) |
| Loans falling due atter more than | (34,318,924) | (133,280) | 274,605 | (34,177,599) |
| one year | ||||
| Total | (30,531,002) | 319,919 | (30,211,083) |