2023-05-31-accounts - Birch Housing Limited

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				Page
Reference and Administrative		Details
Trustees' Report			2	to	3
Statement ofTrustees'	Responsibilities
Report ofthe Independent Auditors			5	to	8
Statement ofFinancial	Activities
Statement ofFinancial	Position			10
Statement ofCash Flows
Notes to the Statement	ofCash	Flows		12
Notes to the Financial	Statements		13	to	18
Detailed Statement of	Financial	Activities

				31 523	31.5.22
		Unrestncted	Rcstncted	Total	Total
	Notes	fund	fund	fiinds	fimds
FIXEDASSETS
Tangible assets				4,589
CURRENT ASSETS
Debtors Cash at bank	9	634,644 1,289,658		634,644 1,289,658	1,415.460 2,002,(i62
		1,924,302		1,924,302	3,418,122
CREDITORS
Amounts falling due within one year	10	(1,591,134)		(1,591,134)	(2,413,242)
NET CURRENT ASSETS		333,168		333,168	1,004,880
TOTAL ASSETSLESSCURRENT
LIABILITIES		337,757		337,757	1,004,880
CREDITORS
Amounts falling due after more than one year					(794,141)
NET ASSETS/(LIABILITIES)		337,757		337,757	210,739
FUNDS	12
Unrestricted funds
				337,757	2]0,739
TOTAL FUNDS
				337,757	210,739

B~ih H i Li tnf
Statement ofCash Flows
for the Year Ended 31 Ma	2023
				31.5.23	31.5.22
			Notes
Cash tlows from operating	activities
Cash generated from operations				(707,164)	694,121
Net cash (used in)/provided	by operating		activities	(707,164)	694,121
Cash flows from investing	activities
Purchase oftangible fixed assets				(5,840)
Net cash (used in)/provided	by investing		activities	(5,840)
Change in cash and cash equivalents		in the
reporting period				(713,004)	694,121
Cash and cash equivalents	at the beginning
ofthe reporting period				2,002,662	1,308,541
Cash and cash equivalents	at the end		ofthe
reporting period				1,289,658	2,002,662

RECONCILIATION	RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					31.5,23	31.5.22
					f
Net income	for the	reporting		period (as per the Statement ofFinancial
Activities)					127,018	62,451
Adjustments	for:
Depreciation	charges				1,251
Decrease/(increase)		in	debtors		780,816	(1,281,724)
(Decrease)/increase		in	creditors		(1,616,249)	1,913,394
Net cash (used in)/provided				by operations	(707,164)	694,121
ANALYSIS	OFCHANGES			IN NET FUNDS
				At 1.6.22	Cash flow	At 31.5.23
Net cash
Cash at bank				2,002,662	(713,004)	1,289,658
				2,002,662	(713,004)	1,289,658
Total				2,002,662	(713,004)	1,289,658

				31,5.23	31.5.22
		Activity
Rents received		Income from charitable	activities	2,958,487	5,874,341
Tenants service charges		Income from charitable	activities	2,335,687	553,807
Void recharges		Income from charitable	activities	143,722	312,971
Management	fees	Income from charitable	activities		288,843
Commercial	lettings rent	Income from charitable	activities	17,320	7,003
				5,455,216	7,036,965
CHARITABLE ACTIVITIES COSTS
					Direct
					Costs
Expenditure	on charitable	activities			5,207,903
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				31.5.23	31.5.22
Depreciation	- owned assets			1,251
Hire ofplant	and machinery			11,854	12,159

STAFF COSTS	STAFF COSTS
The average monthly		number ofemployees		during the year was as follows:
					31.5.23	31.5.22
Trustees					2	2
Employees					43
					45
No employees	received emoluments		in excess off60,000.
TANGIBLE	FIXED	ASSETS
						Computer
						equipment
COST
Additions						5,840
DEPRECIATION
Charge for year						1,251
NET BOOK	VALUE
At 31May 2023						4,589
At 31May 2022
DEBTORS:	AMOUNTS FALLING DUE			WITHIN ONE YEAR
					31.5.23	31.5.22
					f
Trade debtors					476,036	988,875
Other debtors					45,854	45,361
Prepayments	and accrued income				112,754	381,224
					634,644	1,415,460
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.5.23	31.5.22
Trade creditors					1,407,888	2,081,059
Other creditors						2,000
Accrued expenses					183,246	330,183
					1,591,134	2,413,242

for the Year Ended 3	1Ma	2023
			31.5.23	31.5.22
INCOME AND ENDOWMENTS
Charitable activities
Rents received			2,958,487	5,874,341
Tenants service charges			2,335,687	553,807
Void recharges			143,722	312,971
Management fees				288,843
Commercial lettings	rent		17,320	7,003
			5,455,216	7,036,965
Other income
Deposit account interest			4,526	190
Total incoming resources			5,459,742	7,037,155
EXPENDITURE
Expenditure on charitable		activities
Hire ofwhite goods			11,854	12,159
Rates and water			171,071	182,633
Insurance			183,509	78,612
Light and heat			487,592	389,382
Property repairs			541,530	598,546
Cleaning and refuse			6,274	4,188
Office expenses			9,588	9,432
Equipment expensed			15,989
Motor &other travel	expenses		136,269	136,488
Training and DBSchecking			2,848	764
Rents paid			1,837,615	3,583,665
Telephone, TV and licences			63,277	55,737
Bad debts			308,125	174,273
Management costs &salaries			1,432,362	1,672,008
			5,207,903	6,897,887
Other expenditure
Sundries			872	666
Professional fees			97,144	47,925
Accountancy fees			8,500	7,700
Auditors remuneration			16,000	20,000
Accrediations &subscriptions			760	113
Bank charges			294	413
Computer equipment			1,251
			124,821	76,817
Total resources expended			5,332,724	6,974,704
Net income			127,018	62,451