##
##
|||Page|
|---|---|---|
|Report ofthe Trustees||1to 3|
|Independent
Examiner's|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Cash Flow Statement|||
|Notes to the Financial Statements||8to 12|
|Detailed Statement ofFinancial Activities||13|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||31.03.21||31.03.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total||
||Notes|Funds
I|Funds
I|Funds||
|INCOME AND ENDOWMENTS||||||
|FROM||||||
|Donations
and legacies|||||3,238|
|Charitable
activities||||||
|Charitable
activities|4|458,168||458,168|520,707|
|COVID Grants|2||34,907|34,907||
|Investment
Income|3|4,545||4,545|1,941|
|Other Income||||||
|Total||462,713|34,907|497,620|525,886|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Charitable
activities|5|454,646|32,470|487 116|515,141|
|Total||454,646|32,470|487,116|515,141|
|Net Income Before Other Recognised||||||
|Gains and Losses||8,067|2,437|10,504|10,745|
|Net gains/(losses)
on|10|40,456||40,456|(1,507)|
|investments||||||
|Net movement
in funds|16|48,523|2,437|50,960|9,238|
|RECONCILIATION OFFUNDS||||||
|Total funds brought forward||572,335||572435|563,097|
|TOTAL FUNDS CARRIED||||||
|FORWARD||620,858|2,437|623495|572,335|
##
##
||||31.03.21||31.03.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total||
|FIXEDASSETS|Notes|Funds|Funds|FundsI||
|Tangible assets|11|125,592||125,592|81,567|
|Investments|10|209,795||209,795|169,339|
|||335487||335,387|250,906|
|CURRENT ASSETS||||||
|Stocks
Debtors and prepayments
Cash at bank|12
13
14|1,500
12,697
279,391|2,437|1,500
12,697
281,828|1,500
10,862
324,683|
|||293,588|2,437|296,025|337,045|
|CREDITORS||||||
|Amounts
falling due within one year|15|(8,117)||(8,117)|(15,616)|
|NET CURRENT ASSETS||2859471|2,437|287,908|321,429|
|TOTAL ASSETSLESS||||||
|CURRENT LIABILITIES||620,858|2,437|623,295|572,335|
|NET ASSETS||620,858|2,437|623,295|572,335|
|FUNDS||||||
|Unrestricted
funds
Restricted funds
TOTALFUNDS||||620,858
2,437
623,295|572,335
572,335|
##
##
|||||31.032021|31.03.2020|
|---|---|---|---|---|---|
||||Notes|6||
|Cash flows from operating
activities:||||||
|Cash generated
&om opctutions||||10,106|202,057|
|Net cash provided
by (used in) operating||activities||10,106|202,057|
|Cash flows from investing activities:||||||
|Purchase oftangible fixed assets|||11|(57,506)||
|Interest received|||3|4,262|1,575|
|Dividends
received|||3|283|366|
|Net cash provided
by (used in) investing||activities||52,961|1,941|
|Change in cash and cash equivalents|in the reporting|||||
|period||||(42,855)|203,998|
|Cash and cash equivalents
at tbe beginning ofthe||||||
|reporting
period||||324,683|120,685|
|Cash and cash equivalents
at the end|of|the reporting||||
|period||||281,828|324,683|
##
##
|NCILIATION OF|NET INCO|ME TON|ET CASH FLOW F|ROM OPERATING ACTIVI|TIES|
|---|---|---|---|---|---|
|||||31.03.2021|31.03.20|
|Net income for the|reporting|period||||
|(as per the statement offinancial activities)||||50g60|9438|
|Adjustments
for:||||||
|Depreciation
charges||||13,481|13,617|
|Loss/(Gain)
on investments||||(40,456)|1,507|
|Interest received||||(4/62)|(1,575)|
|Dividends
received||||(283)|(366)|
|Decrease/(Increase)|in debtors|||(1,835)|173,058|
|Increase/(Decrease)|in creditors|||(7,499)|6,578|
|Net cash provided|by (used in) operating||activities|10,106|202,057|
##
##
##
##
##
##
##
##
##
##
##
|2.|DONATIONS, LEGACIES AND GRANTS|31.03.21|31.03.21||31.03.20|
|---|---|---|---|---|---|
||||||f|
||Donations||||1,377|
||Legacies
COVID 19Grants (Restricted)||34,907||1,861|
||Total||34,907||3,238|
|The first COVID grant was received on 17 June fiom Brighton dt Hove City Council ("BHCC")followed by five further
tranches each intended to assist with the funding for specific categories ofadditional
costs incurred as aconsequence of
the pandemic. As atthe year-end we had exceeded every grant received except for6967forthe "Rapid Testing Fund" and||||||
|f1,470|for the "Workforce Capacity Fund".
These total f2,437|and are retained|as arestricted|fund balance pending||
|further|discussions
with BHCC.|||||
|3.|INVESTMENT INCOME||31.03.21||31.03.20|
||Dividend income||283||366|
||Deposit account interest
Total||4,262
4445||1,575
1,941|
|4.|INCOME FROM CHARITABLE ACTIVITIES||31.03.21||31.03.20|
||Residents' contributions
Activity
Charitable
activities||I
458,168||520,707|
|5.|CHARITABLE ACTIVITIES COSTS||31.03.21||31.03.20|
||||f||6|
||Charitable
activities direct costs|454,646|||505,165|
||Costs attributable
to the pandemic
(restricted funds)||32,470|||
||Expenditure
on planned
extension
Total|487,116|||9,976
515,141|
|This year's expenditure
on the extension has been taken as||acapital expense.||||
|6.|NET INCOME/(EXPENDITURE)|||||
||Net income/(expenditute)
is stated afier charging/(crediting):||31.03.21||31.03.20|
||||||6|
||Depreciation - owned assets||13,481||13,617|
|7.|TRUSTEES' REMUNERATION,
BENEFITS AND EXPENSES|||||
||There were no trustees' remunemtion
orother benefits forthe year ended 31March 2021(2020anil).||||There were|
||no trustees' expenses paid forthe year ended 31March 2021 (2020anil).|||||
||STAFFCOSTS||31.03.21||31.03.20|
||||f||f,|
||Wages and salaries
Social security costs
Other pension costs
Total||350,167
22,336
7,236
379,739||336,303
20,111
6,682
363,096|
||During the year the total remuneration
forkey management
personnel wssf84,728 (2020-f81,943). The average
monthly
number ofemployees
was 18(2019-20)and no employees
received emoluments
in excess off60,000.|||||
##
##
##
|9.
COMPARATIVE PERIO|9.
COMPARATIVE PERIO|D SoFA|||||
|---|---|---|---|---|---|---|
|STATEMENT OFFINANCIAL||ACTIVITIES|||||
|FORTHE YEAR TO31MARCH 2020|||||||
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies|||||3,238||
|Charitable
activities|||||||
|Charitable
activities||||520,707|||
|Investment
income|||||1,941||
|Total||||525,886|||
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Charitable
activities||||515,141|||
|Total||||515,141|||
|Net Income Before Other Recognised Gains and Losses|||||10,745||
|Net gains/(losses)
on investments||||(1,507)|||
|Net movement
in funds|||||9,238||
|RECONCILIATION OFFUNDS|||||||
|Total funds brought forward||||563,097|||
|TOTAL FUNDS CARRIED FORWARD||||572,335|||
|10
FIXEDASSETINVESTMENTS|||||||
||||||31.03.21|31.03.20|
|Charities Ethical Investment
Fund 47,895.83 accumulation
MthG Charifund 438.582 units|||units||203,337
6,458|164,096
5,243|
|Total listed investments|||||209,795|169,339|
|There were no investment|assets outside the UK.||||||
|11.
TANGIBLE FIXEDASSETS|||||||
|||Freehold||property|Fixtures dt fittings|Totals|
|COST|||||||
|At I April 2020||||37,664|69,610|107374|
|Additions
At31March 2021|||57,506
95,170||69,610|57,506
164,780|
|DEPRECIATION|||||||
|At 1April 2020|||||25,707|25,707|
|Charge for year
At 31March 2021|||||13,481
39,188|13,481
39,188|
|NET BOOK VALUE|||||||
|At 31March 2021
At 31March 2020|||95,170
37,664||30,422
43,903|125,592
81,567|
##
##
|12.|STOCKS||||||
|---|---|---|---|---|---|---|
||||||31.03.21|31.03.20|
||Stocks||||1+00|1,500|
|13.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||31.03DI|31.03.20|
||||||8||
||Residents'
Fees||||7,197|6,578|
||Prepayments||||5,500|4@84|
||Total||||||
||||||12,697|10,862|
|14.|CASH AT|BANK|||||
||||||31.0301|3L03.20|
||Barclays Bank current and deposit||||(3,920)|9,023|
||Aldermore|Bank on demand||deposits|75,836|61,000|
||Redwood Bank 35day notice deposit||||40,000|85,000|
||Cambridge|61Counties Bank||95day notice deposit|84,660|84,660|
||Charter Savings||1 year fixed|to 25/07/20||85,000|
||Investec Bank 95day notice|||deposit|85,252||
||Total||||281JQ8|324,683|
||Each ofthese accounts is covered by the Financial Services Compensation||||Scheme.||
|15.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||
||||||31.03.21|31.03.20|
|||||||f,|
||Trade creditors||||8,117|10,248|
||Residents'|Fees||||5,368|
||Total||||8,117|15,616|
##
##
##
||At|Net Movement|At|
|---|---|---|---|
||01.04.2020|in funds|31.03.2021|
|Unrestricted
funds||||
|General Funds|572 335|48 523|620858|
|Restricted funds||||
|Restricted Funds||2,437|2,437|
|TOTAL FUNDS|572,335|50,960|623,295|
||Incoming|Resources|Gains and|Movement
in|
|---|---|---|---|---|
||resources|expended|losses|funds|
|Unrestricted
funds|||||
|General fund|462,713|454,646|40,456|48,523|
|Restricted funds|||||
|Restricted funds|34,907|32,470||2,437|
|TOTAL FUNDS|497,620|487,116|40,456|50,960|
##
##
##
##
|Investment
income||||
|---|---|---|---|
|Dividend
income|||283|
|Deposit account interest|||4,262|
||||4,545|
|Charitable
activities||||
|Residents'
contributions|||251,791|
|Contributions
from BHCC|||206,377|
|Grants re COVID-19|||34,907|
||||493,075|
|Total incoming resources|||497,620|
|EXPENDITURE||||
|Charitable
activities||||
|Wages
Employer's
National
Employer's
Pension
Provisions|Insurance
Contributions||350,167
22,336
7436
30,574|
|Premises repairs|||12,113|
|Cleaning, hygiene
and
Rates and Utilities||laundry|16,637
17,032|
|Otlice costs|||3,700|
|Insurance|||5,500|
|Accountancy
Independent
examiners|||815
1,008|
|Registration
fees|||3,005|
|Finance charges
Trallung|||355
697|
|Residents'
entertainment|||1,875|
|Other expenses
Depreciation
gxtures|k fittings||585
13,481|
|Total resources expended|||487,116|
|Net income/(deficit)|before gains and losses||10,504|
|Realised recognised
gains and losses
Realised gains/tlosses)
on fixed asset investments|||40,456|
|Netincome|||50,960|