##
|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|||
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|||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|
##
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##
|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)|