2020-09-30-accounts - Expectations (UK)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees		1 to	10
Independent Examiner's	Report	11 to	12
Statement of Financial	Activities	13
Balance Sheet		14 to	15
Cash Flow Statement		16
Notes to the Cash Flow	Statement	17
Notes to the Financial Statements		18 to	25
Detailed Statement of Financial Activities		26 to	27

Statement of Financial Activities
for the Year Ended 30Se tember 2020

Ex ectations Uk
Balance Sheet
30Se tember 2020
		30.9.20	30.9.19
		Unrestricted	Total
		funds	funds
	Notes	E	E
FIXEDASSETS
Tangible assets	10	61,276	13,086
CURRENT ASSETS
Debtors		74,404	'110,847
Cash at bank and in hand		56,998	49,381
		131,402	160,228
CREDITORS
Amounts falling due within one year	12	(41,742)	(59,220)
NET CURRENT ASSETS		89,660	101,008
TOTAL ASSETS LESSCURRENT
LIABILITIES		150,936	114,094
NET ASSETS		150,936	114,094
FUNDS	13
Unrestricted funds		150,936	114,094
TOTAL FUNDS		150,936	114,094

Ex ectations Uk
Cash Flow Statement
for the Year Ended 30Se tember 2020
			30.9.20	30.9.19
		Notes	E
Cash flows from operating	activities
Cash generated from operations		1	72,130	73,981
Net cash provided by operating		activities	72,130	73,981
Cash flows from investing	activities
Purchase oftangible fixed assets			64,513	12,601
Net cash used in investing activities			(64,513)	(12,601)
Change in cash and cash
equivalents in the reporting
period			7,617	61,380
Cash and cash equivalents	at	the
beginning ofthe reporting	period		49,381	(11,999)
Cash and cash equivalents	at	the
end ofthe reporting period			56,998	49,381

RECONCILI ACTIVITIES	ATION	OF NET IN	COME TO NET CASH FLOW FR	OM OPERATIN	G
				30.9.20	30.9.19
Net income	for the	reporting	period (as per the Statement
of Financial	Activities)			36,842	96,114
Adjustments	for:
Depreciation	charges			16,323	7,241
Loss on disposal of		fixed assets			12,172
Decrease/(increase)		in debtors		36,443	(17,155)
Decrease in	creditors			~17,478	(24,391)
Net cash provided		by operations		72,130	73,981

	Registered Pr	Registered Pr	ovider ofsocial housing defined	by the Housing and	Regeneration	Act 2008.
	DONATIONS		AND LEGACIES
					30.9.20	30.9.19
					E	f
	Housing	benefit income			804,543	629,317
3.	RAISING	FUNDS
	Other trading		activities
					30.9.20	30.9.19
	Bad debts				47,174	23,043
4.	CHARITABLE		ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 5) E	Totals f
	Activities			593,769	126,758	720,527

for t	he Year Ended	30Se ternber 2020	30Se ternber 2020
5.	SUPPORT	COSTS - continued
	Human resources
				30.9.20	30.9.19
					Total
				Activities	activities
					p
	Recruitment	expenses		3,060	269
	Governance	costs
				30.9.20	30.9.19
					Total
				Activities	activities
				5	6
	Accountancy	Fees		9,240	9,300
	Legal fees			17,237	5,446
				26,477	14,746
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
				30.9.20	30.9.19
	Depreciation	- owned assets		16,323	7,240
	Hire of plant	and machinery		2,361	2,187
	Other operating leases			42,597	26,358
	Deficit on disposal offixed		assets		12,172

The average	monthly number ofemployees during t	he year was as follows:
		30.9.20	30.9.19
Housing, security and support staff		5	6
Administration	staff	2	1
Maintenance	staff	3	1
		10

Net mov	ement	in funds, included in t	he above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E
Unrestricted		funds
General	fund		804,543	(767,701)	36,842
TOTAL	FUNDS		804,543	(767,701)	36,842

Compara	tive	net movement in funds,	included in the above are as	follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E		E
Unrestricted		funds
General	fund		629,317	(533,203)	96,114
TOTAL	FUNDS		629,317	(533,203)	96,114

A current yea	r 12 months and prior ye	ar 12 months combined posit	ion isas follo	ws:
			Net
		At	movement	At
		1.10.18	in funds	30.9.20
			L'	8
Unrestricted	funds
General fund		17,980	132,956	150,936
TOTAL FUNDS		17,980	132,956	150,936

Detailed Statement	of	Financial	Activities
for the Year Ended	30Se tember 2020
				30.9.20	30.9.19
INCOME AND ENDOWMENTS
Donations and legacies
Housing benefit income				804,543	629,317
Total incoming resources				804,543	629,317
EXPENDITURE
Other trading activities
Bad debts				47,174	23,043
Charitable activities
Wages				158,583	90,840
Social security				16,117	6,270
Protective Clothing	Household		and
cleaning				8,130	5,777
Hire of plant and machinery				1,094	639
Routine maintenance		Major repairs
expenditure				38,169	25,370
Rent, Rates and Water				312,795	225,487
Insurance				4,116	9,589
Light and heat				36,579	33,298
Telephone					64
Postage and stationery				2,706	2,678
Advertising				416	656
Tenant Catering Costs				15,064	15,808
Motor expenses					5,926
Loss on sale oftangible fixed assets					12,172
				593,769	434,574
Support costs
Management
HO Wages/Other	People Costs			48,533	45,508
Subscriptions				1,267	1,548
Training Costs				4,428	988
HO Insurance				11,033
HO Telephone				1,334
HO Postage and stationery				968
HO Motor Costs				8,878
HO Subsistence				534	422
				76,975	48,466

~Ei ti Uk	~Ei ti Uk	~Ei ti Uk
Detailed Statement of Financial Activities
for the Year Ended 30Se tember 2020
			30.9.20	30.9.19
			F	8
Management
Finance
Bank charges			1,356	1,608
Depreciation		oftangible fixed assets	16,323	7,241
			17,679	8,849
Information	technology
Computer costs			2,567	3,256
Human resources
Recruitment	expenses		3,060	269
Governance		costs
Accountancy		Fees	9,240	9,300
Legal fees			17,237	5,446
			26,477	14,746
Total resources		expended	767,701	533,203
Net income			36,842	96,114