2021-03-31-accounts - Manchester Care And Repair

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Contents				Pages
Trustees' Annual Report				I to 8
Independent Auditor's	Report to	the Members		9 to 12
Statement of Financial	Activities	(Incorporating	the
Income and expenditure	account)			13
Balance Sheet				14
Statement of Cash Flows				15
Notes to the Financial	Statements			16to 30

				Total Funds	Total Funds
		Unrestricted	Restricted	Year Ended	Year Ended
		Funds	Funds	31Mar 21	31Mar 20
	Note
Income and endowments	from:
Donations and legacies Investments Charitable activities	2 3 4	24,406 4,013 1/82, 876		24,406 4,013 1,282,876	32,400 6,391 1,539,465
Total Incoming resources		1,311,295		1,311&295	1,578,256
Expenditure on: Charitable activities	6/7	( 1204,523)		(1,304,523)	(1,559,955)
Total resources expended		(1@04,523)		(1804,523)	(1,559,955)
Net income and net movement in funds		6,772		6,772	18,301
Reconciliation offunds Total funds brought forward		1,153,953		1,153,953	I, I.35,652
Total funds carried forward		1,160,725		1,160,725	1,153,953

			31Mar	21	31 Mar	20
		Note	g		E
Fixed assets Tangible assets				1,216		751
Current assets
Stocks		12	5,758		7,924
Debtors		13	232,471		192,494
Cash at bank and in hand			1,059,144		1,153,738
Cash held for loans to residents			~708 836		628 748
			2,006,209		1,982,903
Creditors: Amounts within One Year	Falling due	14	(846,700)		(829,701)
Net current assets				1,159,509		1,153,202
Total net assets				1,160,725		1,153,953
Funds of the charity Unrestricted income	funds	17		1,160,725		1,153,953
Total funds				1,160,725		1,153.953

				311VIar 21	31 Mar 20
			Note	f
Cash (used in) / provided		by operating	19	(18&518)	(23,252)
activities
Cash flows from investing Interest income		activities		4,013	6,391
Proceeds from sale offixed		assets
Purchase of tangible fixed assets
Cash provided by investing		activities		4,013	6,391
(Decrease)/increase in cash equivalents in the year Cash and cash equivalents the year	and cash at the beginning		of	(14,505)' 1,782,485	(16,861) 1,799,346
Total cash and cash equivalents at the end ofthe year				1,767,980	1,782,485

ncome	from D	onatio	ns	and Legacies
					Unrestricted	Total	Funds	Unrestricted
					Funds		2021	Funds 2020
					f
Sundry	income,	gifis	and	donations	24,406		24,406	32,400

3.	Income	from	Investmen	ts
							Unrestricted	Total Funds	Unrestricted
							Funds	2021	Funds	2020
	Bank interest		receivable				4,013	4,013		6,391
4.	Income	from Charitable Activities
							Unrestricted	Total Funds	Unrestricted
							Funds	2021	Funds	2020
										f
	Contractual		income				906,931	906,931	645,997
	Fees and charges Grants (uote 5)						375,945	375,945	893,468
							1,282,876	1,282,876	1,539,465
5.	Income	from Charitable Activities -				Grants Deferred	Income	Deferred	New
						Income	Received	Income	Income
						B/Fwd	in Year	C/Fwd	For
									Year
Source				Project
Statutory Grants			-Unrestricted:
Manchester		City	Council	Emergency			366,345	366,345
				Heating	Grant
				Claim (DFG)
Foundations Living Trust		Independent		Gas Safe		5,005	7,000	(2,405)	9,600
				Programme
Total Statutory			Grants: Unrestricted

those ofany age li	ving with a.	disability to live ind	epcndcntly in	their own hom	e.
		Unrestricted	Restricted	Total	Unrestricted
		Funds	Funds	Funds	Funds
				2021	2020
Activities undertaken	directly
Contract labour		427,927		427,927	567,521
Materials		16,205		16,205	29,973
Service costs		9,689		9,689	6,944
Travel and subsistence		25,313		25,313	41,268
Support costs Staff costs		714,598		714,598	813,990
Insurance		11,875		11,875	11,661
Professional fees		6,187		6,187	6,119
Rent and rates		36,136		36,136	37,470
Repairs and renewals Computer support, postage and		1,498 19,863		1,498 19,863	603 19,034
stationery Telephone Advertising Finance charges Depreciation		9,070 8,381 971 391		9,070 8,381 971 391	10,695 3,221 873 1,442
Loss on disposal offixed assets Other		0 10,630		0 10,630	0 3,834
Governance costs isee	note 7)	5,789		5,789	5,307
		1,304,523		1,304,523	1,559,955

Governance Cost	s
		Unrestricted	Total Funds	Unrestricted
		Funds	2021	Funds 2020
External/Internal	audit	5,240	5,240	4,550
General Expenses
Recruitment
Travel and subsistence		549	549	757
		5,789	5,789	5,307

8.	Net Outgoing Resources for the Year	Net Outgoing Resources for the Year	Net Outgoing Resources for the Year
	This is stated after charging:
				Year ended	Year ended
				31Mar 21	31 Mar 20
					8
	Staffpension contributions			35,592	46,149
	Depreciation			392	1,442
	Loss on disposal offixed assets
	Auditors' remuneration:
	-external audit ofthe	financial	statements	5,240	4,550
	-internal audit
	Operating lease payments: - land and buildings			33,858	32,395
	-vehicles			3,909	4,467
	- equipment			816	816
9.	Staff Costs and Emoluments
	Total staff costs were	as follows:
				Year ended	Year ended
				31Mar 21	31 Mar 20
	Wages and salaries Social security costs			626,316 47,082	710,233 51,966
	Other pension costs			35,592	46,149
	Other post-retirement	benefit costs		3,088	3,426
	Life assurance premiums			2,520	2,216
				714,598	813,990

Particulars The average	Particulars The average	ofemployees: number of employees	ofemployees: number of employees	ofemployees: number of employees	during	the	period,	calculated	calculated	basis of full-time	basis of full-time
equivalents		i37 hours	per week), was		as follows:
							Year		ended	Year ended
								31Mar 21		31	Mar 20
Number	ofstaff								24
Average	number ofstaff (head count)								33		30
Avetage	number offull-time			staff (30hrs per		week	or
more)									14		15
Average	number ofpart-time			staff (less than		30 hours
per week)									19		15
									33		30

Tangible Fixed Assets
	Computer
	and office	Fixtures &	Motor
	Equipment f	Fittings f	Vehicles f	Total
Cost
At 01 April 2020 Additions	21,468 858	3,288	11,792	36,548 858
Disposals
At 31March 2021	22,326	3,288	11,792	37,406
Depreciation At01 April 2020 Charge for the year	21,385 227	3,288	11,125 166	35,797 393
On disposal
At 31 March 2021	21,611	3,288	11,291	36,190
Net book value
At 31March 2021	715		501	11216
At 31 March 2020	84		667	751

12.	Stocks
							31Mar 21			31Mar 20
										E
	Stock							5,758		7,924
13.	Debtors
							31Mar 21			31 MQI 20
	Trade debtors							179,425		173,526
	Prepayments, deposits		and accrued income					53,046		18,968
							232,471			192,494
14.	Creditors: Amounts	falling due within		one	year
							31Mar 21			31Mar 20
										E
	Trade creditors							22,520		30,287
	Taxation and social security							(1,841)		817
	Other creditors							198,421		158,167
	Loans to Manchester	residents						614,531		628,747
	Accruals and deferred		income					13,069		11,684
								846,700		829,701
	Manchester Care and	Repair holds and manages				four funds that are loaned to Manchester				residents
	to facilitate home repairs and improvements,				These		are known as HELP, the Home Energy Man
	Fund totalling F452,701 (2020: E380,024), PERL, Property							Essential Renovation	Loan totalling
	f202,413 (2020; 8192,752), PERL 2 (as is PERL) totaUing f2,604 (2020: E4,223) and EHCF, Empty Homes Cluster Fund totalling f51,748 (2020:E51,748). These loans are included within
	other creditors.

following table	.
	Total Balance	Cash held for loans to	Loans outstanding
		residents
	f.
HELP loan	935,431	452,071	483,359
PERL loan	332,518	202,413	1.30,105
PERL2 loan	3,670	2,604	1,066
EHCF loan	51 748	51 748
Total

From	1	April	2016	to	30	September	812,945,440 perannum	812,945,440 perannum	812,945,440 perannum
2025:							(payable	monthly	and increasing	by 3% each on 1st
							April)
From	1	April	2016	to	30	September	854,560	perannum
2028:							(payable	monthly	and increasing	by 3%each on 1st
							April)

ofthe d	iscoun	t rate is recognised as a fi	nance cost.
			31	Mar	2021	31	Mar	2020
Present	value	of creditor			689			817

Reconciliation o	fopening	and	closing cre	ditor
						Period Ending		Period Ending
						31March	2021	31 March	2020
						f.
Creditor at start ofperiod							817		991
Unwinding ofthe discount		factor (interest expense)					17		12
Deficit contribution paid							(169)		(164)
Remeasurements	- impact	ofany	change in				24		(22)
assumptions
Remeasurements	- amendments		to the contribution
schedule
Creditor at end of period							689		817
Incotne and expenditure		impact
						Period Ending		Period Ending
						31March	2021	31March	2020
						g		8
Interest expense							17		12
Remeasurements	—impact	ofany change in					24		(22)
assumptions Remeasurements	- amendments		to the contribution
schedule
Contributions paid in respect of			future service				87		184
Costs recognised	in income and		expenditure	account			128		174
Assumptions
			31March		2021	31 March 2020		31 March 2019
				%per anmrm		%per	annum	%per annum
Rate ofdiscount					0.66		2.53		l.391

Year	ending	2021	2020	2019
Year	I	174	169	164
Year	2	180	174	169
Year	3	185	180	174
Year	4	159	185	180
Year	5		159	185
Year	6			159

set out belo
	Assets other than
	Land and buildings
	31IVIar 21	31 Mar 20
	f	f
Operating leases which expire: Within I year Within 2 to 5 years	33,902 88,633	35,662 15,519
	122,535	51,181

		Designated	Funds—	General
		operational	costs	Funds	Total f
Balance Incoming Outgoing Transfers	at I April 2020 resources resources		392,926 489,164	761,027 1,311,295 (1,304,523) (489,164)	1,153,953 1,311,295 (1,304,523)
Balance	at 31 March 2021		882,090	278,635	1,160,725

Analysis of	Net Assets Between Funds
		Tangible	Net current
		fixed assets	assetsl	Total
		f.
Unrestricted	Income Funds	1,216	1,159,509	1,160,725
Total Funds		1,216	1,159,509	1,160,725

19. Reconciliation	ofnet move	ment in fun	ds to net cash flow	from operating activ	ities
				2021	2020
Net movement in.	funds			6,772	18,301
Add back depreciation charge				393	1,441
Add back loss on disposal Deduct interest income shown in investing			activities	(4,013)	(6,391)
(Increase)/decrease (Increase/decrease Increase/(decrease) Purchase offixed	in stock in debtors iu creditors assets			2,166 (39,977) 16,999 (858)	(1,884) (41,505) 6,786
Net cash used in	operating	activities		(18,518)	(23,252)
20. Analysis ofchanges in net		debt	At 1April 2020	Cashflow At 31lviarch 2021
Cash at bank			1,782,485	(14,505)	1,767,980
Loans			~628 748		~708 836
			1,153,737	(95,593)	1,059,144