|||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|
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|Statement
of Financial Activities|
|---|
|for the Year Ended 30Se tember 2020|
|for the Year Ended|3|0Se temb|er 2020||||
|---|---|---|---|---|---|---|
||||||30.9.20|30.9.19|
||||||Unrestricted|Total|
||||||funds|funds|
|||||Notes|||
|INCOME AND ENDOWMENTS|||FROM||||
|Donations
and legacies|||||804,543|629,317|
|EXPENDITURE ON|||||||
|Raising funds|||||47,174|23,043|
|Charitable
activities|||||||
|Activities|||||720,527|510,160|
|Total|||||767,701|533,203|
|NET INCOME|||||36,842|96,114|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought||forward|||114,094|17,980|
|TOTAL FUNDS CARRIED FORWARD|||||150,936|114,094|
|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|
##
|ANALYSIS OF C|HANGES
IN NET FU|NDS|||
|---|---|---|---|---|
|||At 1.10.19|Cash flow|At 30.9.20|
|||L'|L|F|
|Net cash|||||
|Cash at bank and|in hand|49,381|7,617|56,998|
|||49,381|7,617|56,998|
|Total||49,381|7,617|56,998|
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||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|
##
##
##
||||||||Informatio|
|---|---|---|---|---|---|---|---|
||||||Management|Finance
f|technology
f|
|Activities|||||76,975|17,679|2,567|
||||||Human|Governance||
||||||resources
f|costs
F|Totals
f|
|Activities|||||3,060|26,477|126,758|
|Support|costs, included|||in the above, are as follows:||||
|Management||||||||
|||||||30.9.20|30.9.19|
||||||||Total|
|||||||Activities|activities|
|||||||f.|f|
|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|
|Finance||||||||
|||||||30.9.20|30.9.19|
||||||||Total|
|||||||Activities
f|activities
f|
|Bank charges||||||1,356|1,608|
|Depreciation||oftangible||fixed assets||16,323|7,241|
|||||||17,679|8,849|
|Information||technology||||||
|||||||30.9.20|30.9.19|
||||||||Total|
|||||||Activities
f|activities
f|
|Computer|costs|||||2,567|3,256|
##
|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|
##
##
##
|STAFF COSTS|||
|---|---|---|
||30.9.20|30.9.19|
||8||
|Wages and salaries|210,176|136,617|
|Social security costs|16,117|6,270|
|Other pension costs|8,130|5,777|
||234,423|148,664|
|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||
##
|COMPARATIVES F||OR THE ST|ATEMENT OF FINANCIAL|ACTIVITIES|
|---|---|---|---|---|
|||||Unrestricte|
|||||funds|
|||||E|
|INCOME AND ENDOWMENTS|||FROM||
|Donations
and legacies||||629,317|
|EXPENDITURE ON|||||
|Raising funds||||23,043|
|Charitable
activities|||||
|Activities||||510,160|
|Total||||533,203|
|NET INCOME||||96,114|
|RECONCILIATION|OF FUNDS||||
|Total funds brought||forward||17,980|
|TOTAL FUNDS CARRIED|||||
|FORWARD||||114,094|
##
|||||||Fixtures|||
|---|---|---|---|---|---|---|---|---|
|||||Plant and||and|Computer||
|||||machinery
f||fittings
f|equipment
6|Totals
f|
||COST||||||||
||At 1 October 2019|||||13,112|28,328|41,440|
||Additions||||250|58,220|6,043|64,513|
||At 30 September|2020|||250|71,332|34,371|105,953|
||DEPRECIATION||||||||
||At 1 October 2019|||||2,622|25,732|28,354|
||Charge for year||||63|13,742|2,518|16,323|
||At 30 September|2020|||63|16,364|28,250|44,677|
||NET BOOK VALUE||||||||
||At 30 September|2020|||187|54,968|6,121|61,276|
||At 30 September|2019||||10,490|2,596|13,086|
|11.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
||||||||30.9.20|30.9.19|
||||||||6|E|
||Trade debtors||||||53,591|84,829|
||Prepayments||||||20,813|26,018|
||||||||74,404|110,847|
|12.|CREDITORS: AMOUNTS FALLING|||DUE WITHIN ONE YEAR|||||
||||||||30.9.20|30.9.19|
|||||||||6|
||Trade creditors||||||10,823|23,521|
||Social security and other||taxes||||11,225|9,183|
||Pensions||||||2,918||
||Wages||||||7,705||
||Accrued expenses||||||9,071|26,516|
||||||||41,742|59,220|
##
##
|MOVEMENT|IN FUNDS||||
|---|---|---|---|---|
||||Net||
|||At|movement|At|
|||1.10.19|in funds|30.9.20|
|||E|E||
|Unrestricted|funds||||
|General fund||114,094|36,842|150,936|
|TOTAL FUNDS||114,094|36,842|150,936|
|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|
##
|||||Net||
|---|---|---|---|---|---|
||||At|movement|At|
||||1.10.18|in funds|30.9.19|
||||||E|
|Unrestricted||funds||||
|General|fund||17,980|96,114|114,094|
|TOTAL|FUNDS||17,980|96,114|114,094|
|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|
|included|in th|e above are as follows:||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|||||6|F|
|Unrestricted||funds||||
|General|fund||1,433,860|(1,300,904)|132,956|
|TOTAL|FUNDS||1,433,860|(1,300,904)|132,956|
##
##
|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|