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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|
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|||||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|
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||||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|
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|||||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|
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|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|
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|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||||||||
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|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|
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|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|
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|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|on the|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|
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|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.||||||||||
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|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||||
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|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|
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|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|
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|Year|ending|31|March|2021|31|Ivlarch|2020|31|1%larch|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|
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|set out belo|w.|||
|---|---|---|---|
|||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|
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|||Designated|Funds—|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|
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|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|
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|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|
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