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|||CJ Carlisle (Chair)|CJ Carlisle (Chair)||
|---|---|---|---|---|
|||C I El-Shabba|||
|||M B Meara|||
|||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 &Hamlin|||
|||3 Bunhill Row|||
|||London|||
|||ECIY SYZ|||
|BANK||Santander
UK|Plc||
|||2 Triton Square|||
|||Regent's Place|||
|||London|||
|||NWI 3AN|||
|FINANCIAL|ADVISORS|RSM Corporate|Finance|LLP|
|||6n Floor|||
|||25 Farringdon|Street||
|||London|||
|||EC4A 4AB|||
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|||Notes|2022|2021|
|---|---|---|---|---|
||||8|f|
|INCOME AND ENDOWMENTS|FROM;||||
|Charitable
activities|||5,092,381|4,585,835|
|Investment
Income|||12,798|18,326|
|||15|||
|Total|||5,105,179|4,604,161|
|EXPENDITURE ON:|||||
|Charitable
activities|||(5,248,402)|(5,135,172)|
|NET EXPENDITURE|||(143,223)|(531,011)|
|RECONCILIATION
OF FUNDS:|||||
|TOTAL FUNDS BROUGHT FORWARD|||(6,777,611)|(6,246,600)|
|TOTAL FUNDS CARRIED FORWARD|||(6,920,834)|(6,777,611)|
|||2022|2021|
|---|---|---|---|
||Notes||8|
|FIXEDASSETS||||
|Tangible
assets|3|22,266,840|23,031,082|
|CURRENT ASSETS||||
|Debtors||784,772|768,581|
|Cash at bank and in hand||4,125,292|4,241,121|
|||4,910,064|5,009,702|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|5|(628,918)|(640,796)|
|NET CURRENT ASSETS||4,281,146|4,368,906|
|TOTAL ASSETS LESSCURRENT LIABILITIES||26,547,986|27,399,988|
|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR|6|(33,468,820)|(34,177,599)|
|NET LIABILITIES||(6,920,834)|(6,777,611)|
|UNRESTRICTED FUNDS||||
|Deficiency||(6,920,834)|(6,777,611)|
|TOTAL DEFICIENCY|8|(6,920,834)|(6,777,611)|
|||||2022|2021|
|---|---|---|---|---|---|
||||Note|||
|CASH PROVIDED BY/ (USED IN)|OPERATING|ACTIVITIES|13|(110,541)|178,421|
|CASH FLOWS FROM INVESTING|ACTIVITIES:|||||
|Purchase offixed assets||||(5,288)|(271)|
|CASH USED IN INVESTING ACTIVITIES||||(5,288)|(271)|
|CASH FLOWS FROM FINANCING|ACTIVITIES:|||||
|Repayments
ofborrowing||||||
|Cash inflows from new borrowing||||||
|NET CASH PROVIDED BYFINANCING
ACTIVITIES||||||
|CHANGE IN CASH AND CASH EQUIVALENTS
PERIOD||IN THE REPORTING||(115,829)|178,150|
|CASH AND CASH EQUIVALENTS
REPORTING PERIOD|AT THE BEGINNING OF THE|||4,241,121|4,062,971|
|CASH AND CASH EQUIVALENTS|AT THE END|OF THE REPORTING|PERIOD|4,125,292|4,241,121|
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|I|NET OUTGOING RESOURCES FOR THE YEAR|NET OUTGOING RESOURCES FOR THE YEAR|2022|2021|
|---|---|---|---|---|
||Net outgoing resources|is stated aAer charging:|||
||Depreciation oftangible|assets|||
||- Owned
assets||1,834|228|
||—Leased assets||767,696|767,700|
||Operating
lease rentals||9,714|10,251|
##
|3|TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Leasehold|Computer|Total|
|||Land and|equipment||
|||butldtngs|etc.||
||COST||||
||At I April 2021|29,498,181|33,505|29,531,686|
||Additions||5,288|5,288|
||At 31March 2022|29,498,181|38,793|29,536,974|
||DEPRECIATION||||
||At I April 2021|6,467,284|33,319|6,500,603|
||Charge for the year|767,696|1,834|769,530|
||At 31 March 2022|7,234,981|35,153|7,270,133|
||NET BOOK VALUE||||
||At 31 March 2022|22,263,200|3,640|22,266,840|
||At 31March 2021|23,030,897|186|23,031,082|
|4|DEBTORS||2022|2021|
||||f.||
||Trade debtors||390,516|355,481|
||Other debtors and prepayments||394,256|413,100|
||||784,772|768,581|
##
||||||||
|---|---|---|---|---|---|---|
|5|CREDITORS; AMOUNTS||FALLING DUE tVITHIN ONE YEAR||2022|2021|
||||||f||
||Trade creditors||||189,196|200,244|
||Taxation and social security||||||
||Other creditors||||169,260|165,947|
||Loan - Santander||||270,462|274,605|
||||||628,918|640,796|
|6|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||2022|2021|
||Other creditors - Brighton|and Hove City Council|||2,339,883|2,778,200|
||Loan - Santander||||31,128,937|31,399,399|
||||||33,468,820|34,177,599|
||An analysis ofthe maturity|ofLoan - Santander||is given below:|2022|2021|
||Ainounts
falling due in more||than one year, but|less than two years;|365,856|270,462|
||Amounts
falling due between||two and five years:||1,754,799|1,417,112|
||Amounts
falling due in more||than five years:||29,008,282|29,711,825|
##
|DEFINED C|ONTRIB|UTI|ON|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||f||
|Contributions|payable|by|the|company|for|the|year|23,811|25,585|
##
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||||Equipment|Equipment|Land and|Buildings|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|Operating||leases which expire:|||||
|Not later|than one year||2,322|2,322|8,000|8,000|
|Between|two and five years||194|2,516|7,101|15,101|
|RELATED PARTY TRANSACTIONS|||||||
||||||2022|2021|
||||||f||
|Short term||creditors owing to Brighton & Hove City Council at the year||end|186,107|179,544|
|Amounts
the year|received from Brighton &Hove City Council on the company's|||behalf in||560,169|
|Long term||creditors owing to Brighton & Hove City Council at the year||end|2,339,883|2,778,200|
|Rental income received
in the year from Brighton &Hove City Council||||as|5,092,381|4,585,835|
|managing||agents|||||
|Charges|in|the year front Brighton &Hove|City Council for management|fees|2,193,907|2,116,662|
|Repayment||ofAvailable
Monies to Brighton|and Hove City Council||748,675|426,889|
|11|EXPENDITURE ON|CHARITABLE ACTIVITIES|2022|2021|
|---|---|---|---|---|
||||8||
||Property
management|fees|2,193,907|2,116,662|
||Support costs||212,675|218,995|
||Depreciation||769,530|767,928|
||Office and general overheads||67,331|76,456|
||Legal and professional|fees|88,202|62,1]I|
||Finance costs||1,906,882|1,883,615|
||Audit fee||9,875|9,405|
||||5,248,402|5,135,172|
|12|STAFF COSTS AND|TRUSTEES' REMUNERATION|2022|2021|
||||r||
||Salaries||171,800|174,890|
||Social security||11,839|12,610|
||Pension contribution||23,811|25,585|
||||207,450|213,085|
|13|RECONCILIATION
ON NET ivlOVEMENTS|IN FUNDS TO NET CASH FLOW|||
|---|---|---|---|---|
||FROM OPERATING ACTIVTIES||2022|2021|
||Net movement
in funds||(143,223)|(531,011)|
||Add back depreciation
charge||769,530|767,928|
||(Increase)/Decrease
in debtors||(16,191)|93,134|
||(Decrease)/Increase
in creditors||(720,657)|(151,630)|
||NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES||(110,541)|178,421|
##
||At start ofyear|Cash Flows|Other non-cash|At end of|
|---|---|---|---|---|
||||Changes|year|
|Cash|4,241,121|(115,829)||4,125,292|
|Loans falling due within one year|(274,605)|274,605|(270,462)|(270,462)|
|Loans falling due aRer more than|(34,177,599)|438,317|270,462|(33,468,820)|
|one year|||||
|Total|(30,211,083)|(597,093)||(29,613,990)|
|INVESTMENT INCOME|||||
||||2022|2021f|
|Bank Interest Received|||12,798|18,326|
##