**PCP HOUSING** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The aims of the charity are to support vulnerable people in particular those who are victims of alcohol and/or substance abuse or who are homeless or at risk of becoming homeless by: -Providing supported living accommodation -Providing them with support and advice and encouraging the development of life skills to assist them into independent living and into becoming self-supporting members of the community. Our main objectives for the year continue to be the promotion and prevention of the misuse of drugs and/or alcohol and the rehabilitation of the service users. The strategies we use to meet these objectives include: -Providing a range of services which are reflective of relevant quality standards and address potential problems related to drug and alcohol misuse -Focussing upon limiting the harm which comes with drug and alcohol abuse, not only for individuals but also family and friends and the wider community -Working in partnership with other agencies to secure the widest range of services is available that best matches the needs of the service users. ## **Significant activities** PCP Housing raises funds through local authority housing benefit contributions for the running expenses of accommodation provided and rehabilitation centres. In accordance with the aims and objectives, the scheme currently provides accommodation at 5 (2019: 6) properties in Luton, 4 (2019: 3) properties in Chelmsford and an additional 5 (2019: 2) properties in Leicester, providing a total of 60 beds available for service users. The increase in accommodation in leicester from 2 properties to 5, has been down to increased demand and increased awareness of our services to the local probationary services. The properties are regularly inspected to ensure that the service users receive a clean, comfortable and safe living environment. PCP Housing arranges for all necessary and routine maintenance to be carried out. The service users also receive structured support with substance misuse issues, such as a residential rehab or community treatment provider. We have made efforts to promote PCP Housing to agencies who refer service users to our charity. We advertise using leaflets which provide information about the service offered by PCP housing and our referral process; and have attended substance misuse treatment provider conferences to improve the awareness of PCP Housing in the local vicinity. Covid-19 impacted on our activities towards the end of our financial year as in keeping with the governments guideline had to stop beneficiaries coming into our offices. The Key Working sessions were either conducted via telephone or at the beneficiaries residence to reduce the chance of spreading Covid-19. ## **Public benefit** The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. Page 1 **PCP HOUSING** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** ## **FINANCIAL REVIEW** ## **Financial position** Over the year, the charity received £557,000 in housing benefits from 3 councils. This is an increase of 21% when compared to the previous year and can be attributed to the expansion in Leicester as well as an increased demand for our services during Covid-19 where people have wanted to come off the streets and get support. At 31 July 2020, the charity had net assets of £39,950 of which £39,950 were unrestricted funds. Looking further ahead, the charity is looking at different expansion projects in the North West and the charity plans to build on the growth of the 2020 financial figures and the increased awareness that Covid-19 has brought in regards to helping the homeless get off of the streets and into sheltered accommodation. The charity is also looking to expand its services and Key Working cessions to cover substance abuse, domestic violence, mental health and the rehabilitation of ex-offenders. ## **Reserves policy** The charity's funds are managed to ensure the certainty of running expenses being available at any point in time. The charity is supported by PCP Luton which provides primary care to patients and when they are ready the move into residential care, this is where the charity offers this secondary stage of care. PCP Luton relies on the charity to be able to provide this secondary stage of care which is key to the full rehabilitation process. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** Trustees are appointed according to the Articles of Association. ## **Organisational structure** The board of trustees administers the charity. Jitesh Sanghani took over from Chris Aitken as the manager and he is in charge of overseeing the day to day affairs. ## **Induction and training of new trustees** New trustees undergo a briefing on their legal obligations under company and charity law. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 08600657 (England and Wales) ## **Registered Charity number** 1154093 ## **Registered office** 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ ## **Trustees** C. J. Aitken Director (resigned 3.7.20) T.B. Clayman Director P. Clayman Director D P King Director (appointed 2.7.20) G Fox Director (appointed 2.7.20) ## **Independent Examiner** Numera Partners LLP 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ Page 2 **PCP HOUSING** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** ## **COMMENCEMENT OF ACTIVITIES** The charity was incorporated on 08 July 2013 and it was granted charitable status on 04 October 2013 under registration number 1154093. The charity is governed by its Memorandum and Articles of Association and is a Private Company Limited by Guarantee. Approved by order of the board of trustees on 29 April 2021 and signed on its behalf by: P. Clayman - Trustee Page 3 **REGISTERED COMPANY NUMBER: 08600657 (England and Wales) REGISTERED CHARITY NUMBER: 1154093** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** **FOR PCP HOUSING** Numera Partners LLP 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ **PCP HOUSING** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Cash Flow Statement**||7|| |**Notes to the Cash Flow Statement**||8|| |**Notes to the Financial Statements**|9|to|14| |**Detailed Statement of Financial Activities**||15|| **PCP HOUSING** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The aims of the charity are to support vulnerable people in particular those who are victims of alcohol and/or substance abuse or who are homeless or at risk of becoming homeless by: -Providing supported living accommodation -Providing them with support and advice and encouraging the development of life skills to assist them into independent living and into becoming self-supporting members of the community. Our main objectives for the year continue to be the promotion and prevention of the misuse of drugs and/or alcohol and the rehabilitation of the service users. The strategies we use to meet these objectives include: -Providing a range of services which are reflective of relevant quality standards and address potential problems related to drug and alcohol misuse -Focussing upon limiting the harm which comes with drug and alcohol abuse, not only for individuals but also family and friends and the wider community -Working in partnership with other agencies to secure the widest range of services is available that best matches the needs of the service users. ## **Significant activities** PCP Housing raises funds through local authority housing benefit contributions for the running expenses of accommodation provided and rehabilitation centres. In accordance with the aims and objectives, the scheme currently provides accommodation at 5 (2019: 6) properties in Luton, 4 (2019: 3) properties in Chelmsford and an additional 5 (2019: 2) properties in Leicester, providing a total of 60 beds available for service users. The increase in accommodation in leicester from 2 properties to 5, has been down to increased demand and increased awareness of our services to the local probationary services. The properties are regularly inspected to ensure that the service users receive a clean, comfortable and safe living environment. PCP Housing arranges for all necessary and routine maintenance to be carried out. The service users also receive structured support with substance misuse issues, such as a residential rehab or community treatment provider. We have made efforts to promote PCP Housing to agencies who refer service users to our charity. We advertise using leaflets which provide information about the service offered by PCP housing and our referral process; and have attended substance misuse treatment provider conferences to improve the awareness of PCP Housing in the local vicinity. Covid-19 impacted on our activities towards the end of our financial year as in keeping with the governments guideline had to stop beneficiaries coming into our offices. The Key Working sessions were either conducted via telephone or at the beneficiaries residence to reduce the chance of spreading Covid-19. ## **Public benefit** The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. Page 1 **PCP HOUSING** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** ## **FINANCIAL REVIEW** ## **Financial position** Over the year, the charity received £557,000 in housing benefits from 3 councils. This is an increase of 21% when compared to the previous year and can be attributed to the expansion in Leicester as well as an increased demand for our services during Covid-19 where people have wanted to come off the streets and get support. At 31 July 2020, the charity had net assets of £39,950 of which £39,950 were unrestricted funds. Looking further ahead, the charity is looking at different expansion projects in the North West and the charity plans to build on the growth of the 2020 financial figures and the increased awareness that Covid-19 has brought in regards to helping the homeless get off of the streets and into sheltered accommodation. The charity is also looking to expand its services and Key Working cessions to cover substance abuse, domestic violence, mental health and the rehabilitation of ex-offenders. ## **Reserves policy** The charity's funds are managed to ensure the certainty of running expenses being available at any point in time. The charity is supported by PCP Luton which provides primary care to patients and when they are ready the move into residential care, this is where the charity offers this secondary stage of care. PCP Luton relies on the charity to be able to provide this secondary stage of care which is key to the full rehabilitation process. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Recruitment and appointment of new trustees** Trustees are appointed according to the Articles of Association. ## **Organisational structure** The board of trustees administers the charity. Jitesh Sanghani took over from Chris Aitken as the manager and he is in charge of overseeing the day to day affairs. ## **Induction and training of new trustees** New trustees undergo a briefing on their legal obligations under company and charity law. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 08600657 (England and Wales) ## **Registered Charity number** 1154093 ## **Registered office** 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ ## **Trustees** C. J. Aitken Director (resigned 3.7.20) T.B. Clayman Director P. Clayman Director D P King Director (appointed 2.7.20) G Fox Director (appointed 2.7.20) ## **Independent Examiner** Numera Partners LLP 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ Page 2 **PCP HOUSING** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** ## **COMMENCEMENT OF ACTIVITIES** The charity was incorporated on 08 July 2013 and it was granted charitable status on 04 October 2013 under registration number 1154093. The charity is governed by its Memorandum and Articles of Association and is a Private Company Limited by Guarantee. Approved by order of the board of trustees on ............................................. and signed on its behalf by: .............................................................................. P. Clayman - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCP HOUSING** ## **Independent examiner's report to the trustees of PCP Housing ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accounts in England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Giles Cohen Institute of Chartered Accounts in England and Wales Numera Partners LLP 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ Date: ............................................. Page 4 **PCP HOUSING** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020** |||31.7.20|31.7.19| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Charitable activities|2|522,238|459,914| |**EXPENDITURE ON**|||| |Raising funds|3|378,324|416,237| |**Charitable activities**|4||| |Governance costs||10,821|(26,421)| |Other||(89,209)|148,583| |**Total**||299,936|538,399| |**NET INCOME/(EXPENDITURE)**||222,302|(78,485)| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**||(182,352)|(103,867)| |**TOTAL FUNDS CARRIED FORWARD**||39,950|(182,352)| ||||| The notes form part of these financial statements Page 5 **PCP HOUSING** ## **BALANCE SHEET** ## **31 JULY 2020** |31.7.20
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
10
14,169
**CURRENT ASSETS**
Debtors
11
27,006
Cash at bank
25,100
52,106
**CREDITORS**
Amounts falling due within one year
12
(26,325)
**NET CURRENT ASSETS/(LIABILITIES)**
25,781
**TOTAL ASSETS LESS CURRENT LIABILITIES**
39,950
**NET ASSETS/(LIABILITIES)**
39,950
**FUNDS**
13
Unrestricted funds
39,950
**TOTAL FUNDS**
39,950|31.7.19
Total
funds
£
18,959
27,006
5,511
32,517
(233,828)
(201,311)
(182,352)
(182,352)
(182,352)
(182,352)| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006. ## The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. P. Clayman - Trustee The notes form part of these financial statements Page 6 **PCP HOUSING** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2020** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the beginning of**
**the reporting period**
**Cash and cash equivalents at the end of the**
**reporting period**|31.7.20
£
19,589
19,589
19,589
5,511
25,100|31.7.19
£
(21,359)
(21,359)
(21,359)
26,870
5,511| |---|---|---| The notes form part of these financial statements Page 7 **PCP HOUSING** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2020** ## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income/(expenditure) for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Increase in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**|31.7.20
£
222,302
4,790
-
(207,503)
19,589|31.7.19
£
(78,485)
6,419
(2,072)
52,779
(21,359)| |---|---|---| ## 2. **ANALYSIS OF CHANGES IN NET FUNDS** |**Net cash**|At 1.8.19
£|Cash flow
£|At 31.7.20
£|At 31.7.20
£| |---|---|---|---|---| |Cash at bank|5,511|19,589||25,100| ||5,511|19,589||25,100| |**Total**|5,511|19,589||25,100| The notes form part of these financial statements Page 8 **PCP HOUSING** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Cost of generating funds** Cost of generating funds comprises all costs associated with raising additional funds for the Charity through advertising and other sales. ## **Charitable activities** Charitable activities comprise all costs directly incurred in undertaking activities to fulfil the Charity's objects, together with any support costs allocated in accordance with the support cost accounting policy as described below. ## **Governance costs** Governance costs comprise all costs incurred in running the Charity itself as an organisation and its compliance with regulation and good practice. ## **Support costs** continued... Page 9 **PCP HOUSING** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **1. ACCOUNTING POLICIES - continued** Administration and head office costs not directly attributable to particular charitable activities are apportioned over the relevant activities pro rata to the value of the income derived from each charitable activity. ## **2. CHARITABLE ACTIVITIES** |**2.**|**CHARITABLE ACTIVITIES**||||| |---|---|---|---|---|---| |||||31.7.20|31.7.19| |||||£|£| ||Housing benefit|||499,502|448,900| ||Resident's contributions|||22,736|11,014| |||||522,238|459,914| ||Grants received, included in the above, are as follows:||||| ||Other grants|||31.7.20
£
499,502|31.7.19
£
448,900| |**3.**|**RAISING FUNDS**||||| ||**Charitable activities**||||| ||Housing expenses|||31.7.20
£
378,324|31.7.19
£
416,237| |**4.**|**CHARITABLE ACTIVITIES COSTS**||||| ||Governance costs||||Support
costs (see
note 5)
£
10,821| |**5.**|**SUPPORT COSTS**||||| ||Other resources expended|Management
£
(111,824)||Finance
£
297|Information
technology
£
4,790| ||Governance costs||-|-|-| |||(111,824)||297|4,790| ||Other resources expended|Other
£
12,038||Governance
costs
£
5,490|Totals
£
(89,209)| ||Governance costs||-|10,821|10,821| |||12,038||16,311|(78,388)| continued... Page 10 **PCP HOUSING** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **6. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ## **7.** ||31.7.20|31.7.19| |---|---|---| ||£|£| |Depreciation - owned assets|4,790|6,419| |Hire of plant and machinery|-|145| |Other operating leases|216|677| |**TRUSTEES' REMUNERATION AND BENEFITS**||| |Trustees' salaries|31.7.20
£
(205,009)|31.7.19
£
-| Under the Articles of Association of PCP Housing, T. Clayman did not received remuneration for the provision of specialist services. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019. ## **8. STAFF COSTS** |Wages and salaries
Other pension costs

The average monthly number of employees during the year was as follows:
Engaged on management and fundraising
No employees received emoluments in excess of £60,000.|31.7.20

£
(113,531)
1,707
(111,824)
31.7.20

4|31.7.19
£
93,767
1,372
95,139
31.7.19
5| |---|---|---| ## **9.** ## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£| |---|---| |Charitable activities|459,914| |**EXPENDITURE ON**|| |Raising funds|416,237| |**Charitable activities**|| |Governance costs|(26,421)| |Other|148,583| |**Total**|538,399| |**NET INCOME/(EXPENDITURE)**|(78,485)| continued... Page 11 **PCP HOUSING** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |||||Unrestricted| |---|---|---|---|---| |||||fund| |||||£| ||**RECONCILIATION OF FUNDS**|||| ||**Total funds brought forward**|||(103,867)| ||**TOTAL FUNDS CARRIED FORWARD**|||(182,352)| |**10.**|**TANGIBLE FIXED ASSETS**|||| ||**COST**|Fixtures
and
fittings
£|Computer
equipment
£|Totals
£| ||At 1 August 2019 and 31 July 2020|69,871|4,676|74,547| ||**DEPRECIATION**|||| ||At 1 August 2019|51,533|4,055|55,588| ||Charge for year|4,585|205|4,790| ||At 31 July 2020|56,118|4,260|60,378| ||**NET BOOK VALUE**|||| ||At 31 July 2020|13,753|416|14,169| ||At 31 July 2019|18,338|621|18,959| |**11.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||Other debtors||31.7.20
£
25,702|31.7.19
£
25,702| ||Amounts owed by participating interests||1,304|1,304| ||||27,006|27,006| |**12.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||Trade creditors||31.7.20
£
2|31.7.19
£
2| ||Amounts owed to participating interests||105,148|222,055| ||Social security and other taxes||(83,025)|7,571| ||Accrued expenses||4,200|4,200| ||||26,325|233,828| |||||| continued... Page 12 **PCP HOUSING** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **13. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
A current year 12 months and prior year 12 months combined position is as
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.8.19
in funds
31.7.20
£
£
£
(182,352)
222,302
39,950
(182,352)
222,302
39,950
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
522,238
(299,936)
222,302
522,238
(299,936)
222,302
Net
movement
At
At 1.8.18
in funds
31.7.19
£
£
£
(103,867)
(78,485)
(182,352)
(103,867)
(78,485)
(182,352)
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
459,914
(538,399)
(78,485)
459,914
(538,399)
(78,485)
follows:
Net
movement
At
At 1.8.18
in funds
31.7.20
£
£
£
(103,867)
143,817
39,950
(103,867)
143,817
39,950| |---|---| continued... Page 13 **PCP HOUSING** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **13.** ## **MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
982,152
982,152|Resources
Movement
expended
in funds
£
£
(838,335)
143,817
(838,335)
143,817| |---|---|---| ## **14. RELATED PARTY DISCLOSURES** Included in debtors falling due within one year is an amount of £1,304 (2019: £1,304) owed by the trustee, P. Clayman. Included in creditors falling due within one year is an amount of £105,148 (2019: £220,751) owed to PCP (Luton) Limited, a company in which P. Clayman is a director. This balance arose as a result of financing transactions. ## **15. ULTIMATE CONTROLLING PARTY** As a company limited by guarantee, the company is not under the control of any one individual. All decisions are taken by the Board of Directors who are the trustees of the company. Page 14 **PCP HOUSING** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2020** ||31.7.20|31.7.19| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Charitable activities**||| |Housing benefit|499,502|448,900| |Resident's contributions|22,736|11,014| ||522,238|459,914| |**Total incoming resources**|522,238|459,914| |**EXPENDITURE**||| |**Charitable activities**||| |Housing expenses|378,324|416,237| |**Support costs**||| |**Management**||| |Reimbursement of wages|(205,009)|-| |Wages|91,478|93,767| |Pensions|1,707|1,372| |**Finance**|(111,824)|95,139| |Bank charges|297|472| |**Information technology**||| |Fixtures and fittings|4,585|6,113| |Computer equipment|205|306| |**Other**|4,790|6,419| |Penalties and Fines|-|145| |Donations|216|677| |Insurance|1,453|1,594| |Postage and stationery|13|431| |Sundries|1,505|1,392| |Travelling|8,851|10,209| |Advertising|-|1,500| |**Governance costs**|12,038|15,948| |Accountancy fees|10,821|3,385| |Legal & professional fees|5,490|799| ||16,311|4,184| |Total resources expended|299,936|538,399| |**Net income/(expenditure)**|222,302|(78,485)| |||| This page does not form part of the statutory financial statements Page 15 ## **Numera Partners Llp** ## **Signed By** ## PERRY CLAYMAN **Date Signed** Wed, 28 Apr 2021 18:48:15 +0100 **Name** Perry Clayman **Email** perry@pclayman.com **Printed Name** PERRY CLAYMAN **IP Address** 81.149.241.60 **Browser User Agent** Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/90.0.4430.93 Safari/537.36 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCP HOUSING** ## **Independent examiner's report to the trustees of PCP Housing ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accounts in England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Giles Cohen Institute of Chartered Accounts in England and Wales Numera Partners LLP 6th Floor Charles House 108-110 Finchley Road London NW3 5JJ 29 April 2021 Page 1