2021-03-31-accounts - Fusion Housing Kirklees Ltd

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CONTENTS				Page
Charity Reference and Administrative		Details
Trustees' Annual Report				2-7
Auditors' report				8-11
Statement offinancial activity				12-13
Balance sheet				14
Statement ofcash flows				15
Notes to the financial statements				16-27
Thefollowing page does notform part ofthefinancial			statements
Detailed statement offinancial	activities			28-29

Charity	name:	Fusion Housing	Kirklees Limited
Charity number:		1151483
Company	number:	08158320
Trustees:
		DJBinns
		ECannell
		DHullock
		KKnott
		C Ledwon
		M A Leith
		C Lorenzelli
		RBMaysun	(Resigned 31March 2021)
		DP Moriarty
		CA Pattison
		SSmith
		NJTarren
		M Vangrove
		H LWalsh	(Resigned 31March 2021)
Company	Secretary	H D Minett	(Resigned 31March 2021)

Local Authority	Number ofproperties
Kirklees	222
Calderdale	51
Wakefield	43

					Total	Total
			Unrestricted	Restricted	Funds	Funds
Note			Funds	Funds	2021	2020
			f.	g
	Incoming resources
2	Donations	and legacies:	15,629		15,629	13,914
	Learning
5	Charitable	activities
	Housing advice and support		488,589	1,023,593	1,512,182	1,476,479
				305,219	305,219	413,525
	Recycling			152,805	152,805	56,787
			488,589	1,481,617	1,970,206	1,946,791
3	Other trading activities		2,981,136		2,981,136	2,359,575
4	Investment	income	22		22	177
	Total income and endowments		3,485,376	1,481,617	4,966,993	4,320,457
	Resources expended
6	Expenditure	on raising funds	1,631,845		1,631,845	1,259,132
7	Charitable	activities
	Housing advice and support		1,423, 162	1,023,593	2,446,755	2,251,214
	Learning		189,237	305,219	494,456	629,747
	Recycling		96,017	152,805	248,822	89,536
	Other		43,904		43,904	39,763
			1,752,320	1,481,617	3,233,937	3,010,260
	Total resources expended		3,384,165	1,481,617	4,865,782	4,269,392
10	Net income	/(expenditure)	101,211		101,211	51,065

				Total	Total
		Unrestricted	Restricted	Funds	Funds
Note		Funds	Funds	2021	2020
	Net income/(expenditure)	101,211		101,211	51,065
20	Transfers between funds
	Net movement in funds	101,211		101,211	51,065
	Total funds brought forward	115,178	1,938	117,116	66,051
	Total funds carried forward	216,389	1,938	218,327	117,116

Notes						Unrestricted	Restricted	2021	2020
						Funds	Funds	Total funds	Total funds
	Fixed assets
14	Tangible assets					123,696		123,696	127,222
	Current assets
15	Debtors					581,702		581,702	572,372
	Cash at bank		and	in hand		148,952	1,938	150,890	103,421
						730,654	1,938	732,592	675,793
16	Creditors:	amounts			falling
	due within		one year			(528,998)		(528,998)	(511,357)
	Net current		assets			201,656	1,938	203,594	164,436
	Total assets		less	current liabilities		325,352	1,938	327,290	291,658
17	Creditors:	amounts			falling	(108,964)		(108,964)	(174,542)
	due after more than				one year
	Net assets					216,388	1,938	218,326	117,116
20	Funds
	Unrestricted		funds					216,388	115,178
	Restricted funds:
	Jean Conway		Trust					1,258	1,258
	Howitt Homeless			Trust				230	230
	Community	Legal		Services
	Development		Fund					450	450
	Total funds							218,326	117,116

							2021	2020
Note
Cash flow from operating Cash generated/(absorbed) Interest paid		activities by operations					183,565 (17,726)	172,611 (13,890)
Net cash flow provided	by (used in) from		operating		activities		165,839	158,721
Cash flow from investing		activities
Payment to acquire tangible		fixed assets					(46,188)	(49,913)
Interest received							22	177
Net cash flow provided	by (used in) investing			activities			(46,166)	(49,736)
Cash flows from financing		activities:
Loan repayments in year							(72,204)	(27,309)
Net cash provided by (used in) financing			activities				(72,204)	(27,309)
Change in cash and cash equivalents in the reporting					period		47,469	81,676
Cash and cash equivalents		consists at the	beginning				103,421	21,745
ofthe reporting period
Cash and cash equivalents		consists at the	end				150,890	103,421
ofthe reporting period
RECONCILIATION OFNET	INCOME/(EXPENDITURE)					TO NET CASH FLOW FROM
OPERATING ACTIVITIES
							2021	2020
							6
Net income/(expenditure)		for the reporting period (as				per
the statement offinancial		activities)					101,211	51,065
Adjustments for: Depreciation charges							49,714	45,044
Interest received							(22)	(177)
Interest paid (Increase) in debtors Increase/(decrease) in creditors							17,726 (9,330) 24,266	13,890 (135,911) 198,700
Cash flow from operating		activities					183,565	172,611

2	Donations	and Legacies
				Unrestricted	Restricted	2021	2020
				Funds	Funds	Total Funds	Total Funds
	Donations			15,629		15,629	13,914
3	Other Trading Activities			Unrestricted Funds	Restricted Funds	2021 Total Funds	2020 Total Funds
	Rents and	housing benefit		2,981,136		2,981,136	2,359,575
4	Investment	Income		Unrestricted	Restricted	2021	2020
				Funds	Funds	Total Funds	Total Funds
	Deposit account interest			22		22	177
5	Income from Charitable		Activities
						2021	2020
			Activity
	Legal help Grants	and court duty	Housing Housing	advice and advice and	support support	68,160 1,444,022	139,719 1,336,760
	Course delivery fees Grants		Learning Learning			19,147 286,072	24,855 388,670
	Grants		Recycling			152,805	56,787
						1,970,206	1,946,791

	Other trading activities	Other trading activities
				Unrestricted	Unrestricted	2021	2020
				Funds	Funds	Total Funds	Total Funds
	Tenancy costs			1,631,845		1,631,845	1,259,132
7	Charitable	Activities Costs
					Direct Costs	Support Costs	Totals
					(see note 8)	(see note 9)
	Housing advice and support				1,830,604	616,151	2,446,755
	Learning				369,940	124,516	494,456
	Recycling				186,163	62,659	248,822
	Other					43,904	43,904
					2,386,707	847,230	3,233,937
8	Direct Costs ofCharitable		Activities
						2021	2020
	Staffcosts					2,245,136	1,997,880
	Publicity						599
	Beneficiary	costs				3,884	6,016
	Beneficiary	course costs				1,856	2,527
	Travel and	subsistence				24,603	45,968
	Trairling					3,816	9,882
	Interpreter	fees				2,871	2,567
	Payments to partners					16,204	104,741
	Legal Aid disbursements					4,283	13,991
	LWP Food					26,801	17,025
	LWP Furniture					57,253
						2,386,707	2,201,196
9	Support Costs
						Governance
				Management	Finance	Costs	Totals
				f,
	Other resources expended			17,726	7,619	18,559	43,904
	Housing advice and support			616,151			616,151
	Learning			124,516			124,516
	Recycling			62,659			62,659
				821,052	7,619	18,559	847,230

9	Support Costs —contin	Support Costs —contin	Support Costs —contin	ued
	Support costs, included			in the above are as follows:
					Other	Housing
					resources	advice and
					expended	Support	Learning
	Interest payable	and similar charges			17,726
	Sundries				3,148
	Bank charges				4,471
	Auditors' remuneration				7,000
	Legal fees				11,559
	Wages					230,088	46,497
	Pensions					14,601	2,951
	Rent, rates and water					140,258	28,344
	Insurance					22,376	4,522
	Light and heat					12,869	2,601
	Postage, stationery		and	telephone		65,480	13,233
	Other costs					92,350	18,662
	Depreciation oftangible			assets		38,129	7,706
					43,904	616,151	124,516
						2021	2020
					Recycling	Total	Total
						Activities	Activities
	Interest payable and		similar charges			17,726	13,890
	Sundries					3,148	644
	Bank charges					4,471	4,020
	Auditors remuneration					7,000	7,000
	Legal fees					11,559	14,209
	Wages				23,398	299,983	310,518
	Pensions				1,485	19,037	18,555
	Rent, rates and water				14,263	182,865	194,790
	Insurance				2,276	29,174	20,052
	Light and heat				1,309	16,779	12,702
	Postage, stationery	and telephone			6,659	85,372	61,687
	Other costs				9,390	120,402	105,953
	Depreciation oftangible			assets	3,879	49,714	45,044
					62,659	847,230	809,064
10	Net Income/(Expenditure)
	Net income/(expenditure)			is stated after charging/
	(crediting):					2021	2020
	Auditors' remuneration					7,000	7,000
	Depreciation —owned		assets			49,714	45,044

	There were no trustees' remuneration or other be ended 31March 2020.	nefits for the year ended 31March 2021	nor for the y
	Trustees' expenses
		2021	2020
	Trustees' expenses
12	Staff Costs
		2021	2020
	Wages and salaries	2,442,924	2,221,738
	Office pension costs	121,232	105,216
		2,564,156	2,326,954

The average	monthly number ofemployees during the y	ear was as follows:
		2021	2020
Provision of	service	79	75
Management	and administration	9	7
		88	82

					Year	ended 31March	2020
Note					Unrestricted	Restricted	Total
					Funds	Funds	Funds
	Income and endowments			from
2	Donations	and legacies			13,914		13,914
5	Charitable	activities
	Housing	advice and	support		853,044	623,435	1,476,479
	Learning				12,967	400,558	413,525
	Recycling					56,787	56,787
3	Other trading activities				2,359,575		2,359,575
4	Investment	income			177		177
	Total				3,239,677	1,080,780	4,320,457
	Expenditure On
6	Raising funds				1,259,132		1,259,132
7	Charitable	activities
	Housing advice and		support		1,627,779	623,435	2,251,214
	Learning				229,189	400,558	629,747
	Recycling				32,749	56,787	89,536
	Other				39,763		39,763
	Total				1,929,480	1,080,780	3,010,260
	Net income/(expenditure)				51,065		51,065
20	Transfers between funds
	Net movement in funds				51,065		51,065
	RECONCILIATION		OF FUNDS
	Total funds	brought	forward		64,113	1,938	66,051
	Total funds	carried forward			115,178	1,938	117,116

14	Tangible fixed assets	Tangible fixed assets				Tenancy
			Improvements			property	Fixtures and	Computer
			to property			assets	Fittings	Equipment	Totals
	Cost:		6
	At 1 April 2020		136,278			84,678	23,484	48,376	292,816
	Additions					19,826	9,575	16,787	46,188
	Disposals
	At 31March 2021		136,278			104,504	33,059	65,163	339,004
	Depreciation:
	At 1 April 2020		56,460			51,959	16,188	40,987	165,594
	Charge for the year		9,978			26,351	3,374	10,011	49,714
	Eliminated on disposal
	At 31 March 2021		66,438			78,310	19,562	50,998	215,308
	Net book value:
	At 31March 2021		69,840			26,194	13,497	14,165	123,696
	At 31March 2020		79,818			32,719	7,296	7,389	127,222
15	Debtors: amounts	falling due within		one year				2021	2020
	Debtors and accrued	income						537,542	527,050
	P repayments							44,160	45,322
								581,702	572,372
16	Creditors: Amounts	falling	due within		one year			2021	2020
	Other loans (see note	18)						70,590	77,216
	Trade creditors							103,063	144,851
	,'Social security and other taxes							51,388	47,736
	VAT							1,857	31,442
	Other creditors							15,959	27,970
	Deferred income							263,508	145,891
	Accrued expenses							22,633	36,251
								528,998	511,357
17	Creditors: Amounts	falling due within			one year			2021	2020
								E
	Other loans (see note	18)						108,964	174,542

Loans	Loans	Loans
An analysis ofthe maturity ofloans is given below:
				2021	2020
Amounts falling due within one year on demand:
Other loans				70,590	77,216
Amounts falling between	one and two years
Other loans —1-2years				67,931	65,578
Amounts falling due between two and five
Other loans —2-5 years				41,033	108,964
These loans are secured by charges over the assets ofthe charity.
Leasing Agreements
Minimum lease payments	under non-cancellable	operating	leases fall due
as follows:				2021	2020
%'ithin one year				26,120	19,695
Between one and five years				49,974	42,278
In more than five years				1,016,612	982,681
				1,092,706	1,044,654

				Net movement	Transfers
			At 1.4.20	In funds	Between funds	At 31.3.21
Unrestricted	funds
General fund			115,178	101,211		216,389
			115,178	101,211		216,389
Restricted funds
Jean Conway	Trust		1,258			1,258
Howitt Homeless		Trust	230			230
Community	Legal	Services	450			450
Development	Fund
			1,938			1,938
Total Funds			117,116	101,211		218,327

		Incoming	Resources	Movement
		Resources	Expended	Funds
Unrestricted funds
General fund		3,064,945	(2,963,734)	101,211
KMC Exchequer Services Grant		72,782	(72,782)
KMC Stronger Families		19,360	(19,360)
Foundation Housing Wakefield Pathways		33,521	(33,521)
Advice Services Grant		156,718	(156,718)
Advice UK&Lottery	Grant —Covid response	44,790	(44,790)
Community Justice —Covid response		57,719	(57,719)
Job Retention Scheme		24,831	(24,831)
Esmee Fairbairn Grant		9,000	(9,000)
Third Sector Leaders		1,710	(1,710)
		3,485,376	(3,384, 165)	101,211
Restricted funds
Local Welfare Provision —Food		5,708	(5,708)
Local Welfare Provision - Furniture		147,097	(147,097)
Adult and Community	Learning	19,147	(19,147)
Kirklees Better Outcomes Project		1,005,785	(1,005,785)
Works Better —ESIF		286,072	(286,072)
Tenant Finder Plus		17,808	(17,808)
		1,481,617	(1,481,617)
Total Funds		4,966,993	(4,865,782)	101,211

Movement in Fund	s - Continued	s - Continued
Comparatives for	movement in funds
				Net movement	Transfers
			At 1.4.19	In funds	Between funds	At 31.3.20
			6
Unrestricted funds
General fund			64,113	191,340	(140,275)	115,178
Supporting People	Grant—
Floating Support				(140,275)	140,275
			64,113	51,065		115,178
Restricted funds
Jean Conway Trust			1,258			1,258
Howitt Homeless Trust			230			230
Community Legal Services			450			450
Development Fund
			1,938			1,938
Total Funds			66,051	51,065		117,116
Comparative net movement		in funds, included	in the above	are as follows:
				Incoming	Resources	Movement	in
				Resources	Expended	Funds
Unrestricted funds
General fund				2,513,383	(2,322,043)	191,340
Supporting People Grant —Floating Support				260,951	(401,226)	(140,275)
Supporting People Grant —Refugee Service				62,482	(62,482)
Supporting People Grant —Bond Bank Floating			Support	85,425	(85,425)
Supporting People Grant —Pre Tenancy Training				12,967	(12,967)
KMC Exchequer Services Grant				78,919	(78,919)
KMC New Burdens				37,778	(37,778)
Foundation Housing	Wakefield Pathways			33,521	(33,521)
Advice Services Grant				154,250	(154,250)
				3,239,676	(3,188,611)	51,065
Restricted funds
Local Welfare Provision —Food				48,000	(48,000)
Adult and Community	Learning			18,334	(18,334)
BigLottery —Talent Match				6,522	(6,522)
Kirklees Better Outcomes Project				585,818	(585,818)
BigLottery Reaching	Communities Grant			42,117	(42,117)
Community Learning	Works			7,323	(7,323)
Works Better —ESIF				284,315	(284,315)
Tenant Finder Plus				71,102	(71,102)
KCA Research Grant				17,250	(17,250)
				1,080,781	(1,080,781)
Total Funds				4,320,457	(4,269,392)	51,065

				2021	2020
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
			g
INCOME	AND ENDOWMENTS
Donations	and legacies
Donations		15,629		15,629	13,914
Other trading activities
Rents and	housing benefit	2,981,136		2,981,136	2,359,575
Investment	income
Deposit account interest				22	177
Charitable	activities
Course delivery fees			19,147	19,147	24,855
Legal help	and court duty	68,160		68,160	139,719
IGrallis		420,429	1,462,470	1,882,899	1,782,217
		488,589	1,481,617	1,970,206	1,946,791
Total incoming resources		3,485,376	1,481,617	4,966,993	4,320,457
EXPENDITURE
Other trading activities
Tenancy costs		1,631,845		1,631,845	1,259,132
Charitable	activities
Wages		1,018,989	1,123,953	2,142,942	1,911,219
Pensions		48,594	53,600	102,194	86,661
Publicity					599
Beneficiary	costs		3,884	3,884	6,016
Beneficiary	course costs		1,856	1,856	2,527
Travel and subsistence			24,603	24,603	45,968
Training			3,816	3,816	9,882
Interpreter fees		2,871		2,871	2,567
Payments to	partners		16,204	16,204	104,741
Legal Aid disbursements			4,283	4,283	13,991
LWP food			26,801	26,801	17,025
LWP Furniture			57,253	57,253
		1,070,454	1,316,253	2,386,707	2,201,196
Expenditure	carried forward	2,702,299	1,316,253	4,018,552	3,460,328

						2021	2020
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
Expenditure brought		forward		2,702,299	1,316,253	4,018,552	3,460,328
Support costs
Management
Wages				239,986	59,997	299,983	310,518
Pensions				15,230	3,807	19,037	18,555
Rent, rates and water				146,291	36,573	182,864	194,790
Insurance I.ight and heat				23,342 13,423	5,835 3,356	29,177 16,779	20,052 12,702
Postage, stationery	and		telephone	68,298	17,074	85,372	61,687
Books and subscriptions				13,219	3,305	16,524	12,232
Repairs and maintenance				34,235	8,637	42,872	46,705
Computer expenses				31,380	7,845	39,225	28,785
Health and safety				7,398	1,850	9,248	6,346
Motor expenses					5,793	5,793	6,106
Depreciation oftangible			and heritage assets	39,770	9,944	49,714	45,044
Recruitment				5,391	1,348	6,739	5,613
Committee expenses							166
Loan interest				17,726		17,726	13,890
				655,689	165,364	821,053	783,191
finance
Sundries				3,147		3,147	644
Bank charges				4,471		4,471	4,020
				7,618		7,618	4,664
Governance costs
Auditors' remuneration				7,000		7,000	7,000
Legal fees				11,559		11,559	14,209
				18,559		18,559	21,209
Total resources expended				3,384,165	1,481,617	4,865,782	4,269,392
Net income/(expenditure)				101,211		101,211	51,065