Company registration number: 09172016 Charity registration number: 1159616
## Homes 4 Living Foundation
(A company limited by share capital)
Annual Report and Financial Statements
for the Year Ended 31 July 2021
## **Homes 4 Living Foundation**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7 to 8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 17|
## **Homes 4 Living Foundation**
## **Reference and Administrative Details**
**Trustees** Mrs M Tyler-Moore MBE Mrs S V Baker Mrs S Tier-Horrent **Charity Registration Number** 1159616 **Company Registration Number** 09172016 **Principal Office** 14 Catwell Williton Somerset TA4 4PF The charity is incorporated in the United Kingdom. **Independent Examiner** Nigel Fry FCA Milsted Langdon LLP Chartered Accountants Winchester House Deane Gate Avenue Taunton Somerset TA1 2UH
## **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 2021.
## **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 tenants' individual choice. Currently, we have one residential property and our tenants are supported by visits from our own non-residential Tenant Liaison Officer on a weekly basis.
The long term aim was to expand our scope with additional premises but this has not proved possible.
## _**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.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Mrs M Tyler-Moore MBE Mrs S V Baker Mrs S Tier-Horrent
## **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.
Our Homes 4 Living Managers (and some Trustees) have an NVQ Residential Manager qualification at Level 5 and have previous residential management experience of no less than 5 years. They also have a First Aid Certificate at Level 3, Health & Safety at Level 3 and Food Hygiene at Level 3. They also receive annual Safeguarding & Protection of Young People and Vulnerable Groups training as do all other staff, Trustees and volunteers.
Our Managers and Trustees are experienced in assessing prospective tenants and producing appropriate `Risk Assessments`. They are also conversant with all Homes 4 Living charity policies and procedures.
The current income stream enables Homes 4 Living to pay a reasonable remuneration for property management, financial management and tenant liaison together with all associated general office administration and compliance. No volunteers are currently co-opted.
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 the accommodation offered.
In the past year our activities have suffered but we continue to achieve a high standard of administration, property management and tenant liaison despite the Covid-19 restrictions that have impacted on the movements and interaction of all concerned. These restrictions have also constrained our ability to fill a long standing vacancy and, in addition, another tenant gave notice to vacate instead of returning permanently from shielding during lockdown in late 2020.
Covid-19 restrictions have made it impossible to vet any potential tenants or arrange for them to participate in the required residential compatibility/independence assessment at our property. Homes 4 Living staff have been working from home and property visits have been necessarily curtailed but all statutory inspections etc. have been undertaken even if sometimes unavoidably delayed. Informal internal 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. However, restrictions have been lifted gradually and some return to meetings in person has been possible.
## **Homes 4 Living Foundation**
## **Trustees' Report**
## **Financial review**
Income for the year was £39,488 (2020: £51,232) with total expenditure of £57,229 (2020: £66,210) with an overall deficit for the year of £17,741 (2020: £14,945)
Our income stream is primarily from the local authority and this has not been restricted during the pandemic. Homes 4 Living continues to perform well in terms of the general income stream and financial management, although the ongoing loss of income arising from the extended vacancy (one room) from January 2018 has been exacerbated by a further vacancy from August 2020. This not only further reduces the income stream but now also accounts for one third of all other invoiced costs (water/broadband etc.) as Trustees consider it is unfair to pass these on to the remaining tenants. Also, the financial impact of general repairs and renewals this year continues regardless and adds cost to planned maintenance and overall annual expenditure together with the additional staff time required to oversee the processes involved. Overall, basic running costs for the charity have remained stable with some savings on utilities during times that the property was vacant. Also, in January 2021 a welcome suspension of the cost of the H4L office was offered and accepted together with a voluntary reduction in senior staff salary and although these savings continue to benefit us by a significant amount each month the charity cannot reverse the loss of income.
The charity has been unable to source any additional funds and there has been no opportunity to network with interested parties or source new tenants due to the pandemic. Sustained loss of income combined with a significant reduction in financial reserves to meet the shortfall has made it difficult for the charity to maintain a balanced cash flow and, therefore, some action was necessary to address the situation. To this end, an application was made to our bankers, HSBC, for access to the governments ‘Bounce Back’ loan scheme. This was approved early in 2021 with no interest payable and monthly repayments delayed until February 2022.
Due to the ongoing financial uncertainty caused by the pandemic, together with serious illness at senior level within the organisation and other factors outside our control, Trustees have reviewed various options for the coming financial year with a view to reducing our responsibilities and liabilities.
## **Funds available**
The total funds available for the charity are £5,090 (2020: £22,831). 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, where vacancies have arisen unexpectedly, a thorough application and assessment process is in place to enable the charity to offer other compatible adults with special needs an appropriate tenancy. As already reported, just before the Covid-19 lock down came into effect, Homes 4 Living was obliged to put on hold an assessment for a prospective tenant to fill the current vacancy and a further vacancy occurred in late 2020.
The current income stream is insufficient to meet all liabilities and commitments and the ‘Bounce Back’ loan has assisted cash flow. However, some arrears of rent have accrued and remain difficult to resolve and professional advice will be taken on the debts being written off or other action, as appropriate.
Trustees now accept that Homes 4 Living has no prospect of expanding in the foreseeable future with finances and opportunities both limited and unlikely to improve significantly.
## **Homes 4 Living Foundation**
## **Trustees' Report**
Homes 4 Living is registered with HMRC for Gift Aid although the charity has been unable to take advantage of this additional fundraising initiative. There have been no donations this year and there have been no opportunities to attract donations due to the effects of the pandemic.
## **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. Under normal circumstances a regular amount was being set aside monthly from current receipts but, in view of ongoing liabilities and sustained loss of income, this was suspended some time ago. Total contingency reserves as at 31st July 2021 were reduced significantly to £1,528 (2020: £14,227) (including interest received) due to the need to transfer funds to the current account as a direct consequence of the reduced revenue stream coupled with unplanned and unexpected maintenance and replacement costs. 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. Covid-19 has proved a significant liability in terms of our ability to regain lost income streams.
It is worth noting that, due to the special needs of our tenants, Homes 4 Living operates a ‘no blame’ policy when it comes to damages, breakages or malfunctions within the property. The charity bears the cost of all replacements or repairs to fabric or contents of the property unless obvious or deliberate acts occur that can be witnessed reliably. Homes 4 Living also provides the telephone landline for reliable contact and emergency use at no extra cost to tenants who pay only a contribution to the broadband connection.
In normal circumstances, Trustees would aim to build our financial reserves from donations, grants and/or legacies in order to secure additional properties for the future but this has not proved realistic and the objective is no longer considered a viable proposition. Currently, Trustees are reviewing future financial implications together with vital succession planning while also evaluating the ability of the charity to sustain current operations.
## **Homes 4 Living Foundation**
## **Trustees' Report**
## **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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the trustees of the charity on 20 April 2022 and signed on its behalf by:
......................................... Mrs M Tyler-Moore MBE Trustee
## **Homes 4 Living Foundation**
## **Independent Examiner's Report to the trustees of Homes 4 Living Foundation ("the Company")**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
## **Responsibilities and basis of report**
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:
1. accounting records were not kept in respect of Homes 4 Living Foundation 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)].
## **Other matters - Material uncertainty relating to Going concern**
In concluding my examination of the financial statements, I would like to draw attention to the disclosures made in the Trustees report and note 2 to the accounts concerning the Charity’s ability to continue as a going concern. The Charity incurred a deficit of £17,741 during the year ended 31 July 2021 and as of that date its total assets were £5,090. These disclosures indicate that there is a material uncertainty which may cast doubt about the Charity’s ability to continue as a going concern. My report is not qualified in respect of this matter.
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.
## **Homes 4 Living Foundation**
## **Independent Examiner's Report to the trustees of Homes 4 Living Foundation ("the Company")**
...................................... Nigel Fry FCA Milsted Langdon LLP Chartered Accountants Winchester House Deane Gate Avenue Taunton Somerset TA1 2UH
26 April 2022
## **Homes 4 Living Foundation**
## **Statement of Financial Activities for the Year Ended 31 July 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Charitable activities
3
Investment income
4
Total income
**Expenditure on:**
Charitable activities
Total expenditure
5
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14, 15|**Unrestricted**
**£**
39,487
1
39,488
(57,229)
(57,229)
(17,741)
(17,741)
22,831
5,090|**Total**
**2021**
**£**
39,487
1
39,488
(57,229)
(57,229)
(17,741)
(17,741)
22,831
5,090|**Total**
**2020**
**£**
51,232
33|
|---|---|---|---|
||||51,265|
||||(66,210)|
||||(66,210)|
||||(14,945)|
||||(14,945)
37,776|
||||22,831|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 14.
The notes on pages 11 to 17 form an integral part of these financial statements. Page 9
## **Homes 4 Living Foundation**
## **(Registration number: 09172016) Balance Sheet as at 31 July 2021**
|**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**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
12
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted
**Total funds**
14|**2021**
**£**
3,746
2,872
7,412
10,284
(3,259)
7,025
10,771
(5,681)
5,090
5,090
5,090|**2020**
**£**
4,503
5,492
15,656|
|---|---|---|
|||21,148
(2,820)|
|||18,328|
|||22,831
-|
|||22,831|
|||22,831|
|||22,831|
For the financial year ending 31 July 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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
- 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 9 to 17 were approved by the trustees, and authorised for issue on 20 April 2022 and signed on their behalf by:
.........................................
Mrs M Tyler-Moore MBE Trustee
The notes on pages 11 to 17 form an integral part of these financial statements. Page 10
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## **1 Charity status**
The charity is limited by share capital, incorporated in United Kingdom.
The principal place of business is: 14 Catwell Williton Somerset TA4 4PF
## **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 material uncertainties about the charity's ability to continue as a going concern on which further commentary is given in the trustees' report. This uncertainty does not materially affect the carrying values of the assets held by the charity and the accounts have continued to be prepared on a going concern basis.
## **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.
Page 11
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## _**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
Page 12
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## **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 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 Activites on a straight line basis over the lease term.
## **3 Income from charitable activities**
|**Unrestricted**
**funds**
**£**
39,487|**Total**
**2021**
**£**
39,487|**Total**
**2020**
**£**
51,232|
|---|---|---|
The income from charitable activities was £39,487 (2020: £51,232) of which £39,487 was unrestricted (2020: £51,232) and £nil was restricted (2020: £nil).
Page 13
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## **4 Investment income**
||**Unrestricted**|**Total**|**Total**|
|---|---|---|---|
||**funds**|**2021**|**2020**|
||**£**|**£**|**£**|
|Other investment income|1|1|33|
The income from investments was £1 (2020: £33) of which £1 was unrestricted (2020: £33) and £nil was restricted (2020: £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
Provision for bad debts
Usage|**Unrestricted**
**funds**
**£**
27,838
1,630
718
135
1,349
16,870
-
49
109
3,060
2,480
1,248
5
-
1,738
57,229|**Total**
**2021**
**£**
27,838
1,630
718
135
1,349
16,870
-
49
109
3,060
2,480
1,248
5
-
1,738
57,229|**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|
Expenditure on charitable activities was £57,229 (2020: £66,210) of which £57,229 was unrestricted (2020: £66,210) and £nil was restricted (2020: £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.
Page 14
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**31**|**July 2021**|**31 July 2020**|
|---|---|---|
||**£**|**£**|
||16,870|19,320|
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:||
|---|---|---|---|
|||**2021**|**2020**|
|||**No**|**No**|
|Charitable|activities|1|1|
No employee received emoluments of more than £60,000 during the year.
## **8 Tangible fixed assets**
|**Cost**
At 1 August 2020
Additions
At 31 July 2021
**Depreciation**
At 1 August 2020
Charge for the year
At 31 July 2021
**Net book value**
At 31 July 2021
At 31 July 2020
**9**
**Debtors**
Trade debtors
Prepayments
Accrued income|**2021**
**£**
528
459
1,885
2,872|**Fixtures,**
**fittings and**
**equipment**
**£**
9,406
491|
|---|---|---|
|||9,897|
|||4,903
1,248|
|||6,151|
|||3,746|
|||4,503|
|||**2020**
**£**
3,158
438
1,896|
|||5,492|
Page 15
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## **10 Cash and cash equivalents**
|**10 Cash and cash equivalents**|||
|---|---|---|
|Cash at bank
**11 Creditors: amounts falling due within one year**
Bank loans
Accruals
**12 Creditors: amounts falling due after one year**
Bank loans|**2021**
**£**
7,412
**2021**
**£**
319
2,940
3,259
**2021**
**£**
5,681|**2020**
**£**
15,656|
|||**2020**
**£**
-
2,820|
|||2,820|
|||**2020**
**£**
-|
## **13 Obligations under leases**
## **Operating lease commitments**
The total amount contracted for but not provided in the financial statements was £Nil (2020 - £4,950).
## **14 Funds**
|**14 Funds**|||||
|---|---|---|---|---|
|**Unrestricted - current year**
General income fund
**Unrestricted - prior year**
General income fund|**Balance at 1**
**August 2020**
**£**
22,831
**Balance at 1**
**August 2019**
**£**
37,776|**Incoming**
**resources**
**£**
39,488
**Incoming**
**resources**
**£**
51,265|**Resources**
**expended**
**£**
(57,229)
**Resources**
**expended**
**£**
(66,210)|**Balance at 31**
**July 2021**
**£**
5,090|
|||||**Balance at 31**
**July 2020**
**£**
22,831|
Page 16
## **Homes 4 Living Foundation**
## **Notes to the Financial Statements for the Year Ended 31 July 2021**
## **15 Analysis of net assets between funds**
|**15 Analysis of net assets between funds**|||
|---|---|---|
|**Current year**
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
**Prior year**
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**£**
3,746
10,284
(3,259)
(5,681)
5,090
**Unrestricted**
**funds**
**£**
4,503
21,148
(2,820)
22,831|**Total funds**
**£**
3,746
10,284
(3,259)
(5,681)|
|||5,090|
|||**Total funds**
**2020**
**£**
4,503
21,148
(2,820)|
|||22,831|
## **16 Related party transactions**
During the year the charity made the following related party transactions:
The charity leased property for £19,800 (2020: £19,800) from Catwell Lettings Limited, a company where Mrs M Tyler-Moore is a director and shareholder. At the financial year end, £nil (2020: £nil) was due to Catwell Lettings Limited in respect of the lease.
The charity also rented office space for £1,750 (2020: £3,000) from Mrs M Tyler-Moore. At the financial year end, £nil (2020: £nil) was due to Mrs M Tyler-Moore in respect of rent.
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