Company registration number: 09172016 Charity registration number: 1159616
Homes 4 Living Foundation
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 July 2020
Homes 4 Living Foundation
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Statement of Trustees' Responsibilities | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 16 |
Homes 4 Living Foundation
Reference and Administrative Details
Trustees Mrs M Tyler-Moore MBE Mr S Vyas FRCOG (resigned 31 December 2019) Mrs S V Baker Mrs S Tier-Horrent Principal Office 14 Catwell Williton Somerset TA4 4PF The charity is incorporated in the United Kingdom. Company Registration Number 09172016 Charity Registration Number 1159616 Independent Examiner Nigel Fry FCA Milsted Langdon LLP Winchester House Deane Gate Avenue Taunton Somerset TA1 2UH
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Homes 4 Living Foundation
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 July 2020.
Legal status
Homes 4 Living Foundation is a private company limited by guarantee without share capital. Each member's guarantee is limited to £1. The company was incorporated on 12 August 2014 and is registered in England and Wales with company number 09172016. The company obtained charitable status on 15 December 2014.
Governance
The Directors of the Company at the date of this report are set out on page 1.
The Directors of the Company are also the Trustees for the purposes of charity law. Trustees are appointed to serve for a period of three years and can be re-elected on retirement. Appointment of new Trustees is by the existing Trustees and the number of Trustees must be at least three and not exceed five.
Objectives and activities
Objects and aims
Our aim is to provide for people with Learning Disabilities suitable and secure accommodation of the highest standard which caters for their special needs and also encourages both practical and social integration, while allowing for tenantsindividual choice. All properties acquired by the charity will be located near shops and facilities to encourage the tenants to apply their independence skills in a practical way. Larger properties will employ a resident manager to provide tenants with an interactive focal point for the day-to-day problems and concerns that arise. All such tenants will be encouraged to join aTenants Association` in their own particular building and will have the opportunity to meet regularly with their Homes 4 Living Manager to air their views. Currently, our tenants are supported by our own non-residential Tenant Liaison Officer on a weekly basis.
Public benefit
The charity's activities focus on the assistance of individual adults with learning disabilities by providing appropriate housing and associated property management regime which recognises the special needs of such people and promotes independent living. The trustees have had regard to the Charity Commission's public benefit guidance.
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Homes 4 Living Foundation
Trustees' Report
Structure, governance and management
Organisational structure
The charity currently has three Trustees, all of whom have relevant expertise and experience in the field of learning disability and safeguarding vulnerable adults. Also, they are experienced in the supported management required in residential accommodation associated with special needs.
The long term aim is to employ live-in Managers where appropriate but certain premises may have a dedicated Manager who visits regularly. Each Homes 4 Living Manager must have an NVQ Residential Manager qualification at Level 5 and have previous residential management experience of no less than 5 years. They must also have a First Aid Certificate at Level 3, Health & Safety at Level 3 and Food Hygiene at Level 3. They must also have annual Safeguarding & Protection of Young People and Vulnerable Groups training.
All Managers must be experienced in assessing prospective tenants and producing appropriate Risk Assessments. They must also be conversant with all Homes 4 Living charity policies and procedures.
Volunteers assist in the day-to-day office administration and general support, as required and available. The aim is to attract sufficient funding to supplement the current income stream that enables Homes 4 Living to pay a reasonable salary for charity and property management, tenant liaison and associated administration staff.
All persons involved in the charity (paid or unpaid) are DBS checked at an Enhanced Level and must undergo all training necessary for their role, including Safeguarding training.
Review of developments, activities and achievements
The charity leases one six-bedroom property in Minehead which is registered as a House of Multiple Occupation. Individual tenants apply for ‘Exempt Housing Benefit’ to meet their monthly rental payments which include the specialist liaison, landlord and management services of Homes 4 Living. The approach adopted by Homes 4 Living is very successful and we employ rigorous assessment policies that must be applied to any applications for vacant tenancies to ensure tenant compatibility, safety and security within any accommodation offered.
A valued Trustee decided to resign in December 2019 for personal reasons. The charity is pleased to report that another experienced replacement was engaged in January 2020.
There have been no major changes or developments. Overall our activities have not increased but we continue to achieve a high standard of administration, property management and tenant liaison despite the Covid19 restrictions that have impacted on the movements and interaction of all concerned. Homes 4 Living staff have been working from home and property visits curtailed. Informal liaison has been via telephone and email. Trustee meetings in person were suspended and have taken place via Skype. Virtual meetings have been contained to short updates due to the lack of activity generally. Tenants decided to shield with their families prior to full lockdown so this left the property vacant for a period although income was unaffected. Fortunately, Housing Benefit has continued to be paid by the local authority and that situation is expected to continue throughout the pandemic. Some essential maintenance was able to go ahead as certain restrictions eased. Social distancing together with sanitising precautions was introduced to ensure the safety of all staff and visitors. Our HMO registration was in the progress of renewal but the formal inspection was delayed until later in the year by agreement with the local authority representative until restrictions eased further.
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Homes 4 Living Foundation
Trustees' Report
Financial review
Homes 4 Living continues to perform well in terms of the general income stream and financial management, although Trustees are mindful of the net loss arising of (£14,945) (2019: (£23,401)) due to the loss of income arising from the extended vacancy (one room) from January 2018 which not only reduces the income stream but also accounts for one sixth of other costs (water/broadband etc.) as it is unfair to pass these on to the remaining tenants. Also, the financial burden of general repairs and renewals this year has added to overall annual expenditure together with the additonal staff time required to oversee the processes involved. Overall, basic running costs for the charity have remained stable and manageable.
Our senior Trustee, Maureen Tyler-Moore MBE, continues her activities in the field of special needs within various committees and action groups in London and elsewhere which serve also to raise the profile of Homes 4 Living. However, opportunities are becoming exhausted and the impact of Covid19 has reduced the number of events of meetings anyone has been able to attend. We continue to research ideas to provide support for Homes 4 Living and potential legacies have yet to be identified as it is a recurring concern that offers cannot quickly be realised, if at all, as the expressed intentions of third parties vary considerably and are often incompatible with the aims and objectives of Homes 4 Living. Aspects of personal care are the most difficult to resolve for the families of tenants. This continues to be an area of concern that is outside the remit of the charity to deliver but we aim to support our tenants in maintaining their appropriate level of care.
Our website is popular and facilitates feedback from supporters and interested parties although many enquiries are outside our sphere of operation.
Funds available
The total funds available for the charity are £22,831 (2019: £37,776). Homes 4 Living receives a regular income from the individual Exempt Housing Benefit payments awarded by the Local Authority. These payments are based on the individual needs of the tenants and reflect the enhanced landlord management regime provided by Homes 4 Living which applies its specialist expertise in the field of learning disabilities. It is anticipated that all tenants will wish to remain long-term but, in the event of a vacancy arising for any reason, a thorough application and assessment process is in place to enable the charity to offer another compatible adult with special needs an appropriate tenancy. Unfortunately, just before the Covid19 lockdown came into effect, Homes 4 Living was obliged to put on hold an assessment for a prospective tenant to fill the current vacancy. This will be reviewed as and when Covid19 restrictions allow as the safety of our tenants is a priority.
The current income stream is currently meeting all liabilities and commitments. However, some arrears of rent have accrued and remain difficult to resolve and may result in the bad debts being written off. This continues to have an impact on the cash flow for the year. The underlying issue will be addressed for future tenancies and the charity will no longer offer the concession of rent payments in arrears as this is proving unworkable.
In order for Homes 4 Living to expand, Trustees recognise that the charity will need to attract sponsors, substantial donations and/or grant funding and this continues to be a focus for the future although opportunites are increasingly limited. Although there may be scope to lease suitable properties from individuals who have a genuine interest in supporting those with special needs, the local market favours private individuals and no current opportunities are evident. The integrity of any such landlord is a priority and, therefore, will be chosen with care and consideration should this option become available.
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Homes 4 Living Foundation
Trustees' Report
Homes 4 Living is registered with HMRC for Gift Aid although we have not yet had the opportunity to take advantage of this additional fundraising initiative as the source of donations to date has been anonymous via collections at functions and donation boxes at strategic locations. However, no donations were received this year; Homes 4 Living has not attended any functions; and donations boxes have been withdrawn through theft, losses and general lack of this form of support.
Reserves policy
The charity has a reserves policy supported by a contingency fund set up to meet capital expenditure on general equipment replacements, planned maintenance projects and major property repairs. A regular amount was being set aside monthly from current receipts but, after a review of current liabilities and temporary loss of income this continues to be suspended for the foreseeable future. Total contingency reserves as at 31st July 2020 were reduced to £14,227 (2019: £23,694) (including interest received) due to some major withdrawals having been required this year to cover the cost of significant repairs and renewals together with the reduced revenue stream. The contingency fund is held in a separate bank account reserved to meet any major capital expenditure and/or unforeseen significant liabilities arising that are not currently within the monthly/annual budget.
Other financial reserves we hope will be built up from donations, grants and/or legacies in order to secure additional properties for the future. Trustees will decide on individual fundraising campaign strategies and will aim to establish a general re-investment fund rather than funding for specific projects (but subject always to grant application or sponsorship terms and conditions).
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Homes 4 Living Foundation
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Homes 4 Living Foundation for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small company provisions
The report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the trustees of the charity on 28 April 2021 and signed on its behalf by:
......................................... Mrs M Tyler-Moore MBE Trustee
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Homes 4 Living Foundation
Independent Examiner's Report to the trustees of Homes 4 Living Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2020 which are set out on pages 8 to 16.
Respective responsibilities of trustees and examiner
As the charity’s trustees of Homes 4 Living Foundation (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 Homes 4 Living Foundation 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
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:
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accounting records were not kept in respect of Homes 4 Living Foundation as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
...................................... Nigel Fry FCA Milsted Langdon LLP Winchester House Deane Gate Avenue Taunton Somerset TA1 2UH
29 April 2021
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Homes 4 Living Foundation
Statement of Financial Activities for the Year Ended 31 July 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Income and Endowments from: Charitable activities Investment income Total income Expenditure on: Charitable activities Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 51,232 33 51,265 (66,210) (66,210) (14,945) (14,945) 37,776 22,831 |
Total 2020 £ 51,232 33 51,265 (66,210) (66,210) (14,945) (14,945) 37,776 22,831 |
Total 2019 £ 50,606 55 |
|---|---|---|---|
| 50,661 | |||
| (74,062) | |||
| (74,062) | |||
| (23,401) | |||
| (23,401) 61,177 |
|||
| 37,776 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 13.
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Homes 4 Living Foundation
(Registration number: 09172016) Balance Sheet as at 31 July 2020
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 13 |
2020 £ 4,503 5,492 15,656 21,148 (2,820) 18,328 22,831 22,831 22,831 |
2019 £ 5,079 4,089 31,548 |
|---|---|---|
| 35,637 (2,940) |
||
| 32,697 | ||
| 37,776 | ||
| 37,776 | ||
| 37,776 |
For the financial year ending 31 July 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 8 to 16 were approved by the trustees, and authorised for issue on 28 April 2021 and signed on their behalf by:
......................................... Mrs M Tyler-Moore MBE Trustee
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
1 Charity status
The charity is limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Homes 4 Living Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
In light of the rapid global spread of the coronavirus "COVID-19", the trustees have reviewed the charity's operations and cashflow to ensure that the charity is able to continue for the foreseeable future. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Further commentary on the impact of COVID-19 is given in the trustees' report.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Investment income
Investment income is recognised on a receivable basis.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs which include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters, are included within charitable expenditure.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Fixtures, fittings and equipment
Depreciation method and rate 25% reducing balance basis
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Financial instruments
Classification
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially measured at transaction value and subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method.
Operating leases
Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.
3 Income from charitable activities
| Unrestricted funds £ 51,232 |
Total 2020 £ 51,232 |
Total 2019 £ 50,606 |
|---|---|---|
The income from charitable activities was £51,232 (2019: £50,606) of which £51,232 was unrestricted (2019: £50,606) and £nil was restricted (2019: £nil).
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
4 Investment income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | 2020 | 2019 | |
| £ | £ | £ | |
| Other investment income | 33 | 33 | 55 |
The income from investments was £33 (2019: £55) of which £33 was unrestricted (2019: £55) and £nil was restricted (2019: £nil).
5 Expenditure
Charitable activities expenditure
| Basis of allocation Establishment costs Direct Repairs and maintenance Direct Office expenses Direct Printing, postage and stationery Usage Subscriptions and donations Usage Wages Direct Cleaning Usage Travel and subsistence Direct Accountancy fees Usage Independent examiners' fees Usage Legal and professional costs Usage Depreciation of tangible fixed assets Usage Sundry expenses Usage Bank charges Usage |
Unrestricted funds £ 29,816 4,049 1,415 96 2,108 19,320 324 194 100 2,580 4,574 1,501 125 8 66,210 |
Total 2020 £ 29,816 4,049 1,415 96 2,108 19,320 324 194 100 2,580 4,574 1,501 125 8 66,210 |
Total 2019 £ 31,615 11,903 609 159 1,262 17,418 300 389 499 3,150 4,931 1,693 134 - |
|---|---|---|---|
| 74,062 |
Expenditure on charitable activities was £66,210 (2019: £74,062) of which £66,210 was unrestricted (2019: £74,062) and £nil was restricted (2019: £nil).
6 Trustees' remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
The key management personnel of the Charity are the trustees.
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
7 Staff costs
The aggregate payroll costs were as follows:
| 31 | July 2020 | 31 July 2019 |
|---|---|---|
| £ | £ | |
| 19,320 | 17,418 |
The monthly average number of persons (including key management team) employed by the charity during the year expressed as full time equivalents was as follows:
| during the | year expressed as full time equivalents | was as follows: | |
|---|---|---|---|
| 2020 | 2019 | ||
| No | No | ||
| Charitable | activities | 4 | 3 |
No employee received emoluments of more than £60,000 during the year.
8 Tangible fixed assets
| Cost At 1 August 2019 Additions At 31 July 2020 Depreciation At 1 August 2019 Charge for the year At 31 July 2020 Net book value At 31 July 2020 At 31 July 2019 9 Debtors Trade debtors Prepayments Accrued income |
2020 £ 3,158 438 1,896 5,492 |
Fixtures, fittings and equipment £ 8,481 925 |
|---|---|---|
| 9,406 | ||
| 3,402 1,501 |
||
| 4,903 | ||
| 4,503 | ||
| 5,079 | ||
| 2019 £ 2,173 407 1,509 |
||
| 4,089 |
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
10 Cash and cash equivalents
| 10 Cash and cash equivalents | ||
|---|---|---|
| Cash at bank 11 Creditors: amounts falling due within one year Accruals |
2020 £ 15,656 2020 £ 2,820 |
2019 £ 31,548 |
| 2019 £ 2,940 |
12 Obligations under leases
Operating lease commitments
The total amount contracted for but not provided in the financial statements was £4,950 (2019 - £24,750).
13 Funds
| Unrestricted funds - current year General income fund Unrestricted funds - prior year General income fund |
Balance at 1 August 2019 £ 37,776 Balance at 1 August 2018 £ 61,177 |
Incoming resources £ 51,265 Incoming resources £ 50,661 |
Resources expended £ (66,210) Resources expended £ (74,062) |
Balance at 31 July 2020 £ 22,831 |
|---|---|---|---|---|
| Balance at 31 July 2019 £ 37,776 |
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Homes 4 Living Foundation
Notes to the Financial Statements for the Year Ended 31 July 2020
14 Analysis of net assets between funds
| 14 Analysis of net assets between funds | |
|---|---|
| Current year Tangible fixed assets Current assets Current liabilities Total net assets Prior year Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds £ 4,503 21,148 (2,820) |
| 22,831 | |
| Unrestricted funds £ 5,079 35,637 (2,940) |
|
| 37,776 |
15 Related party transactions
During the year the charity made the following related party transactions:
The charity leased property for £19,800 (2019: £19,800) from Catwell Lettings Limited, a company where Mrs M Tyler-Moore is a director and shareholder. At the financial year end, £nil (2019: £nil) was due to Catwell Lettings Limited in respect of the lease.
The charity also rented office space for £3,000 (2019: £5,750) from Mrs M Tyler-Moore. At the financial year end, £nil (2019: £nil) was due to Mrs M Tyler-Moore in respect of rent.
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