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2022-03-31-accounts

Page
Trustees'
report		 1-7
Statement oftrustees' responsibilities
Independent
auditor's		 mport 9-11
Statement
offinancial		 activities 12 - 13
Balance sheet 14 - 15
Statement ofcash flows 16
Notes to the financial statements 17-34

Outcomes
We are delighted once again by the outstanding
outcomes achieved
by our tenants,
staff, church partners
and
franchisees. This statistics are genuinely strong,
comparable
with any charity
in the country. They reveal and
validate, once again, our theory of change: our tenants are innately
talented,
giRed members
of society and,
given a strong, stable, safe home combined
with loving and supportive
relationships
then they are more likely
to find motivation and make positive choices.
Outcome 2021-22 Description
j2020-21J
Demographics 352 Adults: 256; Children: 96
(315J 57ok classed
themselves
as White
British. As of 31st March 2022,
20.4% ofour houses housed at least one refugee,
and 30.5% of ou
tenants were refugees,
mostly families.
13%oftenants considered
themselves
to have a disability.
Maintaining Tenancy 92% 325 tenants,
including
children,
from
352 remained
in
Hope
into
(95%J Action properties
and/or
moved on well.
Abstaining from Crime 90%
(94%J		 63 tenants
have
previously
served a custodial
sentence.
Of those,
90'k did not reoffend.
Ofthe 6tenants who did reofl'end, we rehoused 4. Ofthe remaining
2
continued
to support
1 while she was in prison.
Drug
and
Alcohol		 89'/o 111 tenants
have
(had)
an abusive
relationship
with
drugs		 and/or
Intake
increased		 has not (ee%1 alcohol.
89% of those
have
not become
more
dependent,
have
reduced
their dependency
or became sober. 53%(59)became sober
(note slight change o or maintained
their sobriety!!
definition) 6 people
lost their accommodation
because of their drug
/		 alcohol
use.
Improved or 91% 140 of
our
tenants
felt
that
they
had
improved
their		 social
maintained
their
Social Relationships		 (84%J relationships;
92 tenants
felt
that
they
had
maintained
relationships.		 positive
Meaningful use 41ok The number
of adult
tenants
in education,
training
or volunteering
time:
Volunteering,
Training
and		 (42%J s 106
Education
Meaningful use o 36'/ 90 adult tenants
in employment
of all kinds (zero hours,
full and part
time: Employment (30%J time contracts).
4%ofadult tenants were unable to work.
Improving Financial 88% 197(77'k) oftenants
did not have rent arrears;
Management 15(6%)oftenants were actively managing
debt.
46%oftenants
paid their personal charge by standing
order.
Physical
and
Mental		 88'/o* 42% of tenants
indicated
that they
had
physical
or mental		 health
Health (88%J needs at start ofyear or point of referral. 88% ofthese maintained
or
improved
this during the year.
There were no deaths, and 5 babies born to tenants!
Engaging with Faith 22o/* 22% of our tenants
engage
in some form of faith practice. This may
and
Spirituality
beyond
that
provided
by F&S		 (29%J include (for example)
worshipping
at a mosque.
16'k of tenants
attended
church
more than
once a month.
tenants asked for or accepted prayer.		 39% o
6 tenants
were baptised
or made some
kind of commitment		 to the
Christian
faith (same as the last 2years)
*Note that this data collected from Franchises
included
children,
whereas
data was for adults
only		 in Line
Managed
locations.

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2022 2021
6 6
Fixed assets
Tangible assets 1,914,497 1,781,670
Current assets
Debtors 12 83,190 93,818
Cash at bank and in hand 889,342 1,092,353
972,532 1,186,171
Creditors: amounts falling due within 14
one year (98,295) (97,395)
Net current assets 874,237 1,088,776
Total assets less current liabilities 2,788,734 2,870,446
Creditors: amounts falling due after 15
more than one year (269,014) (379,760)
Net assets 2,519,720 2,490,686
Income funds
Restricted funds
Property 75,940 77,046
Specific projects 495,692 460,362
Other including core costs 9,169
19 571,632 546,577
Unre
ri		 neral
Designated
funds		 20 1,518,842 1,514,163
Other charitable funds 429,246 429,946
2,519,720 2,490,686

2022 2021
Notes 6 6 6
Cash flows from operating
activities
Cash generated
from operations		 23 69,272 472,928
Investing
activities
Purchase oftangible
fixed assets
Investment
income received		 (166,681)
5,144		 (133,998)
9,266
Net cash used in investing activities (161,537) (124,732)
Financing
activities
Repayment
of bank loans		 (110,746) (12,209)
Net cash used in financing activities (110,746) (12,209)
Net (decrease)lincrease
in
equivalents		 cash and cash (203,011) 335,987
Cash and cash equivalents at beginning ofyear 1,092,353 756,366
Cash and cash equivalents at end ofyear 889,342 1,092,353

Donations and legacies
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2021 2021 2021
6 6 6 6
Donations and gifts 400,584 50,776 451,360 380,381 178,219 558,600
Grants receivable for core
activities		 253,191 224,454 477,645 381,844 269,445 651,289
653,775 275,230 929,005 762,225 447,664 1,209,889
Donations
Donations		 and gifts
individuals		 314,851 45,000 359,851 310,505 178,219 488,724
Donations other 2,228 5,776 8,004 1,726 1,726
Churches 37,950 37,950 30,123 30,123
Gift aid reclaimed 38,995 38,995 34,395 34,395
Individuals - in memory 6,560 6,560 3,632 3,632
400,584 50,776 451,360 380,381 178,219 558,600

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
8 6 8 8 8
Grants receivable for core activities
All Churches
Trust		 9,258 9,258
Andrews
Charitable		 Trust 33,825 33,825 5,375 5,375
Arnold
Clark		 2,000 2,000
Barclays 400 400
Beatrice Hankey
Foundation		 2,500 2,500
Beatrice Laing Trust 15,000 15,000
Big Lottery Funding 41,685 41,685 40,908 40,908
Blunt Trust 50 50
Cambridge
Community		 Fund 6,801 6,801 3,850 3,850
Charles
Hayward
Foundation		 25,000 25,000
Churches
Together		 1,000 1,000
Daughters
ofJesus		 5,000 5,000
Didymus
Charity		 10,000 10,000 9,200 9,200
Dominic Beer Trust 1,000 1,000 1,100 1,100
FG Charitable
Trust		 4,000 4,000
Garfield Weston
Foundation		 50,000 50,000 50,000 50,000
Glasspool
Charity Trust		 300 300
Haberdashers 3,750 3,750
Homeless
Link		 88,000 88,000 80,000 80,000
Hope Aid Charitable Trust 10,000 10,000
Hummingbird 10,000 10,000
Jerusalem
Trust		 31,000 31,000 40,000 40,000
Jones 1886Trust 4,700 4,700
LandAid 6,750 6,750
Langho Charitable Trust 1,000 1,000
Lankelly Chase 1,000 1,000 71,545 71,545
Legal &General Group 3,000 3,000
Lloyds Foundation 6,470 6,470
Maclellan
Foundation		 45,809 45,809
Maurice & Hilda Laing
Charitable
Trust		 15,000 15,000 25,000 25,000
Mirembe Charitable Trust 1,440 1,440 3,120 3,120
Nationwide 19,188 19,188
Norfolk Community Foundation 600 600
Nottingham
Community		 Fund 1,900 1,900
Nottingham
Community
Foundation		 1,500 1,500
Paul Bassham Trust 2,000 2,000
PCC COVID-19 500 500
Pears Foundation 40,000 40,000 40,000 40,000
Persimmon 1,000 1,000
188,265 176,924 365,189 265,290 242,045 507,335

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
general general
2022 2022 2022 2021 2021 2021
E E E E E E
Grants receivable for core activities continued
Police &Crime Commissioner
for Norfolk 4,324 4,324
Poiticus Foundation 45,000 45,000 45,000 45,000
The Big Give 10,000 10,000 12,500 12,500
The Ebyon Trust 1,500 1,500
The Mercers' Company 32,530 32,530 37,230 37,230
The Morrisons
Foundation		 900 900
The Orr Mackintosh Foundation 1,000 1,000
The Screwfix Foundation 5,000 5,000
Tudor Trust 1,500 22,000 23,500
Vardy Foundation 10,000 10,000 10,000 3,000 13,000
Other 9,926 5,000 14,926 10,000 11,000 21,000
253,191 224,454 477,645 381,844 269,445 651,289
Charitable
activities
2022 2021
E
Book sales 1,441 3,212
Provision of housing 611,313 510,650
Franchise
income		 37,098 27,282
649,852 541,144

2022 2021
E E
Rental income 4,983 8,954
Interest receivable 161 312
5,144 9,266

2022 2021
F
Costs of generating donations and legacies 34,730 26,244
34,730 26,244

2022 2021
6 8
Staff costs 868,445 737,165
Depreciation
and impairment		 33,854 28,616
House rental and running costs 252,523 208,404
House maintenance
and equipment		 9,172 13,575
Franchising
expenses		 69,484 48,025
Volunteer expenses 16,812 5,657
Client support 3,664 5,413
Property
refurbishment		 83,768 90,971
General rates 5,824 5,312
Wolverhampton
support costs		 5,140
Norwich
support costs		 5,235 3,932
Nottingham
support costs		 7,955 6,156
Bad debt provision 10,374 13,956
Peterborough
support		 costs 2,144 1,942
Cambridge
support costs		 7,187 5,747
Books 1,083 2,435
1,382,664 1,177,306
Share ofsupport costs (see note 8) 133,973 96,294
Share of governance costs (see note 8) 3,600 3,024
1,520,237 1,276,624
Analysis
by fund
Unrestricted
funds - general		 1,243,090 922,318
Designated
funds		 32,748 27,510
Restricted funds 244,399 326,796
1,520,237 1,276,624

8 Support costs
Support Governance 2022 Support Governance 2021
costs costs costs costs
6 8 5 6 6
Property costs 156 156 1,674 1,674
Loan interest 5,492 5,492 7,804 7,804
Marketing 1,128 1,128 897 897
Franchising
expenses		 2,551 2,551 3,227 3,227
Light and heat 2,503 2,503 1,072 1,072
Travel and subsistence 8,580 8,580 3,817 3,817
Printing,
postage and
stationery		 2,524 2,524 3,279 3,279
Telephone
and fax		 13,100 13,100 10,713 10,713
Computer
and software		 47,466 47,466 37,782 37,782
Professional
and
consultancy
costs		 22,687 22,687 11,837 11,837
Insurance 12,577 12,577 7,057 7,057
Refreshments 140 140 45 45
Sundry expenses 2,762 2,762 4,073 4,073
Legal fees 8,683 8,683 1,645 1,645
Accountancy
fees		 3,624 3,624 1,372 1,372
Audit fees 3,600 3,600 3,024 3,024
133,973 3600 137573 96,294 3,024 99,318
Analysed
between
Charitable
activities		 133,973 3,600 137,573 96,294 3,024 99,318

The ave rage
monthly
number
ofemployees
during the y		 ear was:
2022 2021
Number Number
Average number
ofemployees		 40 38
Employment
costs		 2022 2021
6 6
Wages and salaries 760,408 646,428
Social security costs 50,392 41,616
Other pension costs 57,645 49,121
868,445 737,165

Tangible fixe d asset s
Land and Shared Equipment Motor vehicles Total
buildings ownership
properties
6
Cost
At 1 April 2021 1,871,866 20,000 61,112 3,750 1,956,728
Additions 116,667 30,000 14,238 5,776 166,681
Disposals (19,226) (3,750) (22,976)
At 31 March 2022 1,988,533 50,000 56,124 5,776 2,100,433
Depreciation and impairment
At 1 April 2021 121,601 200 49,508 3,750 175,059
Depreciation charged in the year 19,885 500 11,543 1,925 33,853
Eliminated in respect of disposals (19,226) (3,750) (22,976)
At 31 March 2022 141,486 700 41,825 1,925 185,936
Carrying amount
At 31 March 2022 1,847,047 49,300 14,299 3,851 1,914,497
At 31 March 2021 1,750,265 19,800 11,605 1,781,670

The long- term
loans are secur		 term
loans are secur		 ed
by fi		 xed charges over five ofthe properties
ow		 over five ofthe properties
ow		 ned
by the charity.		 ned
by the charity.
Included in land and buildings above is the office and 14 (2021 —13) houses which are used to support
tenants. Shared ownership
properties		 represents an interest in 2 (2021 —1)properties.
12 Debtors
2022 2021
Amounts falling due within one year: 5
Tenant and franchise debt 42,675 22,650
Other debtors 30,377 66,833
Prepayments and accrued income 10,138 4,335
83,190 93,818
13 Loans and overdrafts
2022 2021
5 5
Bankloans 279,714 390,460
Payable within one year 10,700 10,700
Payable after one year 269,014 379,760
The long-term loans are secured by fixed charges over five ofthe properties owned by the charity.
14 Creditors: amounts falling due within one year
2022 2821
Notes 6
Bank loans 13 10,700 10,700
Other taxation and social security 13,979 12,353
Deferred income 7,000 19,188
Trade creditors 42,736 26,251
Other creditors 19,812 9,375
Accruals 4,068 19,528
98,295 97,395
15 Creditors: amounts falling due after more than one year
2022 2021
Notes 6 6
Bankloans 13 269,014 379,760

2022 2021
6 F
Other deferred
income		 7,000 19,188
Deferred income is included in the financial statements as follows:
2022 2021
6 6
Deferred income is included within:
Current liabilities 7,000 19,188
Movements
in the year:
Deferred income at 1 April 2021 19,188
Released from previous periods (12,188)
Resources deferred in the year 19,188
Deferred income at 31 March 2022 7,000 19,188

Movement Movement in funds
Balance at 1 Incoming Resources Transfers Balance at 31
April 2021 resources expended March 2022
6 6 6
Special Projects
Arnold Clark 2,000 (2,000)
Barclays 400 (400)
Beatrice Hankey Foundation 2,500 (2,500)
Didymus
Trust		 10,000 (2,498) 7,502
Dominic Beer Trust 1,000 (1,000)
Jones 1886Trust 4,700 (4,700)
Mickleham
Trust		 5,000 (5,000)
Nationwide 19,188 (19,188)
Norfolk Community Foundation 600 (600)
The Blunt Trust 50 (50)
Tudor Trust 8,000 (8,000)
Vardy Foundation 10,000 (10,000)
Donation for vehicle 5,776 (5,776)
Donation for property 452,362 45,000 (9,172) 488,190
460,362 106,214 (65,108) (5,776) 495,692
Other including core costs
Big Lottery 1,169 41,685 (42,854)
Cambridge
Community		 Fund 6,801 (6,801)
Charles
Hayward		 Foundation 5,000 (5,000)
Homeless
Link		 88,000 (88,000)
Mercers Trust 32,530 (32,530)
Vardy Foundation 3,000 (3,000)
9,169 169,016 (178,185)
Property
SEIF 77,046 (1,106) 75,940
77,046 (1,106) 75,940
Total 546,577 275,230 (244,399) (5,776) 571,632

Balance at Resources Transfers Balance at Resources Transfers Balance at
1 April 2020 expended 1April 2021 expended 31 March 2022
8 F 6 6 6
Fixed asset
fund 1,071,967 (27,510) 269,706 1,314,163 (32,748) 237,427 1,518,842
North Street
provision 100,000 (100,000)
Mortgage
repayment
provision		 100,000 100,000 (100,000)
Additional
property
provision		 100,000 100,000 (100,000)
1,171,967 (27,510) 369,706 1,514,163 (32,748) 37,427 1,518,842
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2022f 2021
8
Within one year 91,530 92,584
Between two and five years 558 6,517
92,088 99,101

2022 2021
6 8
Aggregate compensation 136,998 141,058