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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 12068336 (England and Wales) REGISTERED CHARITY NUMBER: 1184991

REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

CUMBRIA COMMUNITY HOMES

Collards Chartered Accountants Registered Auditors 5-9 Eden Street Kingston-Upon - Thames Surrey KT1 1BQ

CUMBRIA COMMUNITY HOMES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Cash Flow Statement 16
Notes to the Financial Statements 17 to 23
Detailed Statement of Financial Activities 24 to 25

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

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 30 June 2021. 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 charity's objective contained within the memorandum and articles of association, is to carry out for the benefit of the community, the business of providing and managing housing, including Social Housing, and providing assistance to help house people and associated facilities, amenities and services for persons in need because of youth, age, ill-health, disability, financial hardship or other disadvantage.

Significant activities

To provide good quality accommodation to vulnerable adults in the community meeting their individual needs.

To provide tenancy related care, support and supervision in a person-centred way enabling the enhancement and development of life skills, personal growth, independence, choice, and control.

To help those who are homeless or at risk of homelessness, individuals who struggle with mental or physical health or with a learning difficulty, those who are in recovery from substance misuse and people who are fleeing domestic violence.

To offer one to one financial support with personal budgets and provide a mentor for helping plan daily activities surrounding their tenancies such as meal planning, domestic duties and we signpost and support individuals with opportunities to socialise within the local community.

Our underpinning ethos is to develop an individual's capacity to live independently in the community and to develop or sustain basic life skills needed to hold down a tenancy or maintain a home.

Values

Trust

To build relationships on trust and keep our promises, to meet the expectations of tenants and be honest if we can’t.

Integrity

To practice providing a quality service with integrity and sensitivity.

Non-judgemental

To listen to and meet the needs of everyone in a non-judgemental way

Teamwork

To constantly look at ways to improve and deliver our service.

Empathy

To put ourselves in other people’s shoes

Positive attitude

To practice with a problem-solving approach

Page 1

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

OBJECTIVES AND ACTIVITIES History

The business founded by Christine Bee, was incorporated on 25th June 2019, and became registered as a charity on 21st August 2019.

Christine, CEO, has a plethora of experience and knowledge in a number of relevant sectors, namely building, housing and care. She was a Project Manager for her family building company for several years before accepting a position as Care Co-ordinator for Creative Support. She then moved to Barrow Borough Council's Homeless Team as a Homeless Officer responsible for providing accommodation and support to those who were homeless and at risk of homelessness.

Christine was then asked to join My Space Housing Solutions as a Housing Officer. Her ability to make these connections reflected on the profit being made at the time for her previous employer, she was promoted to the Business Development Team for the North East of England whereby she achieved full occupancy on a large number of units that were previously void for quite some time. Christine was a strong and successful part of the team establishing good connections and relationships with agencies and several Local Authorities in the North East who referred into the schemes in her area.

After a staff re-structure within the Housing Association, Christine recognised there was an adequate need for further supported housing and decided to set up on her own and incorporated Cumbria Community Homes, which in turn Charitable Status in August 2019.

She is a well-known and well respected member of her community and utilised this to become instrumental to building a portfolio of properties and a strong referral pipeline for the area through the various contacts she has with partnering agencies, landlords and Councils.

CCH has since grown into one of the leading Housing Support provider across the whole of Cumbria and parts of Lancashire, and are currently expanding their services across the North-East where they already have established connections from Christine's previous roles in this area.

In response to this rapid growth, Emma Hughes was brought on board in late 2020 to focus on the strategic growth of the business freeing up Christine's time to concentrate on the day to day operations. Emma ran her own marketing agency for 11 years before becoming a successful business consultant providing a professional portfolio of marketing and development services to help a range of companies from start-ups to well recognised blue chip organisations increase revenue by boosting sales and continuous improvement through strategic campaigns.

In the past 18 months Emma has forged relationships with various investors and landlords to ensure that quality housing is being provided in the right areas to meet the ever growing demand.

Page 2

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

OBJECTIVES AND ACTIVITIES Referrals

Referrals are received from statutory & non-statutory agencies with supporting documentation

Statutory Agencies:

Local Authority Housing Options Team Social Work Teams (care leavers and social care) Community Mental Health Team Health Authorities Probation Service Prison Service

Non-Statutory Agencies:

Mental Health Charities (MIND etc) Substance Misuse Centres Homeless Charities (YMCA, Local independent etc) Domestic Violence Charities (Woman's Aid etc)

All relevant and up to date information must be given within the initial referral, as to avoid referrals being rejected as not being suitable or being delayed due to missing information. Once the referral form has been received and checked, the refer will be contacted by one of the local Tenancy Sustainment Officer's to arrange meeting the prospective tenant, and to complete our Intensive Housing Management Assessment, which identifies how much support is required.

There are occasions, where tenants support needs are more than CCH can provide, when this happens, all parties will be informed, and an extra care package will be suggested before accommodation can be offered to ensure we are not setting the tenant up to fail.

Public Benefit

The Trustees are aware of Charity Commission guidance on public benefit reporting as set out in Section 17 of the Charities Act 2011. They believe Cumbria Community Homes fulfils a fundamental public benefit by providing and managing housing together with providing assistance to people in need.

STRATEGIC REPORT

Achievement and performance

Strategic Growth

CCH have experienced a rapid growth since their incorporation due to the exceptional service they provide. Currently they have over 350 homes in management plus a number of housing developments that provides 24/7 concierge care for vulnerable adults.

The strategic plan for the next 12 months is to work in conjunction with the Council in the existing areas CCH operate in to expand this service offering and to further identify good quality private landlords within these areas who can provide the level of accommodation needed.

By the end of 2022 it is projected that around 500 vulnerable adults will be receiving care from CCH.

In response to the increased demand for such services within these areas, the team has also grown rapidly and CCH currently employ 20 people across housing management, tenancy officers, maintenance, admin and business development, plus relying on a growing network of consultants, freelancers and contractors where needed.

Page 3

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRATEGIC REPORT Achievement and performance

Services

We will provide support to tenants of our accommodation, going beyond what would be provided by an ordinary Landlord.

Advice and guidance about what and what not to do in a property.

Spending regular time with a tenant to help them work through their support needs following an agreed support plan which identifies specific needs that the tenant requires help with.

Advice and guidance on use of kitchen facilities and appliances and in maintaining kitchen hygiene.

Assisting with the security of the property because of a tenant's needs.

An on-call 24/7 for every tenant.

In other projects, a 24 hour manned security and support service will be provided.

Assisting with maintaining health, safety and well-being in the Property.

Regular tenant meetings will provide an opportunity for concerns about health and safety to be raised.

Regular welfare checks where there is a risk to tenant's safety because of issues such as self-harm, harassment from others.

Weekly staff meetings to include discussion of health and safety matters.

Assisting with arranging minor repairs to domestic equipment and appliances. We have a competent maintenance team who assist tenants with their own minor repairs.

Providing life skills training in relation to waste disposal and cleanliness.

Our staff will be involved in enabling, reminding, and helping tenants to develop domestic and practical skills.

Life skills workshops will be provided including gardening, general kitchen experience to help and assist the tenant to develop life-skills.

Helping tenants to engage with individuals, professionals and other bodies with an interest in their welfare, providing advice, assistance and advocacy dealing with statutory and non-statutory agencies, other third parties and relatives.

We will help tenants to deal with telephone calls, correspondence and arranging meetings and can accompany tenants to meetings outside of the accommodation.

Staff will help tenants to remain in contact with their relatives (where requested to do so by the tenant) and keep relatives informed as to developments and progress and welfare.

Additional support will be provided to those tenants who require it to help build relationships with their family and friends, which will have been damaged in many cases.

In some projects, we will arrange for adaptations to enable individuals to cope with a disability.

Advising or assisting with personal budgeting and debt counselling providing any money-management advice, assistance and advocacy to the tenant and regular intervention to assist them in developing their money skills.

Helping to maintain relationships and solve disputes with others, including other tenants.

Page 4

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRATEGIC REPORT

Achievement and performance

Regular one-to-one support sessions will provide an opportunity for appropriate resolution and discussion of actual or potential conflicts.

Dealing with benefit claims and other official correspondence relevant to sustaining accommodation; filling out forms, writing to benefit authorities, making phone calls on behalf of the tenant, sign-posting complex benefit issues to other professionals and providing or sourcing representation in relation to disputes and appeals.

Assisting with shopping, errands, and leisure activities.

We will arrange social events which help people feel less lonely and encourage them by to participate in supervised group activities.

Help with finding, choosing, and moving on into other accommodation.

Tenants will be supported to assess the risks and consider control measures when engaging with the community into which they are to resettle. Tenants will be supported to engage with accommodation and training providers and to apply for accommodation etc. Other support that enables you to cope with the practicalities of everyday life.

The staff will help the tenant in gaining access to education, training, meaningful employment etc.

Our impact

We continue to source good quality homes and give our support to those who need it most.

We also provide job opportunities to many local people of which are fulfilling and rewarding, in all areas that we operate

Due diligence

Due diligence for social housing starts with identifying potential areas where a shortage of supported accommodation exists, and these shortages can often be found in local authority Housing and Homeless Strategies. Discussions are then held with the Housing Options and Benefits Departments of the local authorities to establish if there is a need for specialist supported accommodation in that area and to ensure that any rent models can be agreed by the benefits department where specific groups of vulnerable people qualify for the Exempt Supported Accommodation Rate regarding Housing Benefit. Where rent models won't be in full payment and any shortage of referrals are identified, due consideration must be given whether Cumbria Community Homes should operate in that area.

Specific areas need to be identified where it is crucial that local services/amenities are available to the tenants - for example proximity to shops and local transport if mobility is an issue, local activities for those suffering mental health issues, being located close to a school for families who are being re-housed, certain groups may need to be housed away from schools, where it has been identified that a risk may be present etc.

Once demand and the rent models have been approved, establishing a referral pathway can be made, where all relevant agencies will be contacted.

Page 5

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRATEGIC REPORT Financial review

Financial position

The Trustees are pleased to report a strong growth year for the Charity ending June 2021. The business is only in its second year of operation and has clearly consolidated its position as a leading service provider within the area.

2019/2020 was a tough year for the sector as a whole and whilst Covid was a challenge for everyone, a direct consequence has been the increased demand for supported housing within the region due to the increased levels of homelessness, vulnerable adults especially with mental health related issues and domestic violence cases all needing re-housing.

The Charity has worked very closely with the local housing teams to help meet this increased demand.

The delivery of care and support during this period remained high, despite the issues associated with the numerous national lockdowns that had a knockoff effect on tenants and staff.

The Charity was rigorous in evaluating risk to the staff during this period and there were no significant staff absences that had a direct impact on delivering the level of service provided.

Covid saw no negative impact to the financial position of the Charity.

Reserves policy

As a new charity reserves are being built up for the future development and sustainability of the charity and the amount held at the year end is £1,888.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Trustees have a responsibility to ensure that all aspects of the charity's activities are properly conducted and carried out in full compliance with its Articles of Association.

Recruitment and appointment of new trustees

Trustees are discussed at each quarterly Trustee meeting. Any proposed new Trustees are nominated by the Board of Trustees and are then interviewed and appointed if their skill set and knowledge contribute to the Charity's operations. Trustees receive a full overview of the operational side of the business, usually spending time with various staff members and tenancy officers visiting tenants, attending council meetings where necessary and spending time at the Charity's offices to understand the day-to-day running of the business.

The CEO keep Trustees up to date with regular performance reports, annual financial reports and future plans and objectives of the Charity.

All of the trustees, officers and staff hold valid certificates from the Disclosure and Barring Service.

Page 6

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Role of Chief Executive

The CEO is accountable to the Board of Trustees and, along with other senior staff, is responsible for the day-to-day management of the Charity. These include hiring of senior staff, attending meetings with Local Authorities and Housing teams, dealing with any HR and payroll issues that are escalated, negotiation with landlords and general growth of the business.

Employee Remuneration

The Charity's remuneration policy sets appropriate pay levels for all personnel and takes into consideration the responsibilities undertaken within each role. Benchmarking is undertaken to ensure the remuneration matches the level of comparable organisations.

The CEO's remuneration is set by the Board of Trustees. Due to the fact that the Charity has only been operating since August 2019 pay levels of senior staff have remained very low and over time this will be addressed to reflect current market rates.

Risk management

The Trustees continue to assess the risk and uncertainties facing the Charity and how these may impact the financial position of the Charity. Risks are identified in the Trustees quarterly meeting and any risks that are felt to prevent the Charity achieving its objectives are reviewed with the senior management team.

The greatest risks relate to any unforeseen changes in Government policies, regular weekly/monthly meetings with the Local Authorities help negate this risk as the Charity are aware of any changes ahead of them being implemented.

Whilst the senior management team has remained very stable there is a relatively high staff turnover within the tenancy officer and maintenance teams. All new members of staff are required to complete a 2 week training period and then a further 2 weeks when they shadow a colleague.

All of the trustees, officers and staff hold valid certificates from the Disclosure and Barring Service.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

12068336 (England and Wales)

Registered Charity number

1184991

Registered office

37 Riverside Gardens Barrow In Furness Cumbria LA13 0DD

Trustees

Mr G C Asbury (resigned 24.5.22) Mr A P Oates (resigned 23.8.21) Mr P Sheldon Mrs S Waldron (resigned 7.5.21) Mrs E Stones (appointed 26.2.21) Ms A Stevens (appointed 12.5.21) Mr D C Key (appointed 23.10.20) (resigned 23.1.21)

Chief Executive

Christine Bee

Page 7

CUMBRIA COMMUNITY HOMES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Collards Chartered Accountants Registered Auditors 5-9 Eden Street Kingston-Upon - Thames Surrey KT1 1BQ

Bankers

Barclays Bank plc Leicester LE87 2BB

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Cumbria Community Homes for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

In so far as the trustees are aware:

AUDITORS

The auditors, Collards, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 31 August 2022 and signed on the board's behalf by:

Mrs E Stones - Trustee

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CUMBRIA COMMUNITY HOMES

Opinion

We have audited the financial statements of Cumbria Community Homes (the 'charitable company') for the year ended 30 June 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CUMBRIA COMMUNITY HOMES

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CUMBRIA COMMUNITY HOMES

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CUMBRIA COMMUNITY HOMES

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Julian Brigstocke FCA Senior Statutory Auditor

For and on behalf of Collards Chartered Accountants Registered Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 5-9 Eden Street Kingston-Upon - Thames Surrey KT1 1BQ

31 August 2022

Page 12

CUMBRIA COMMUNITY HOMES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
3
Housing
Total
EXPENDITURE ON
Charitable activities
4
Housing
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
61,802
1,238,799
1,300,601
1,298,226
849
1,299,075
1,526
361
1,887		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 Year Ended
30.6.21
Total
funds
£
61,802
1,238,799
1,300,601
1,298,226
849
1,299,075
1,526
361
1,887		 Period
25.6.19
to
30.6.20
Total
funds
£
12,982
243,325
256,307
255,946
-
255,946
361
-
361

The notes form part of these financial statements

Page 13

CUMBRIA COMMUNITY HOMES

BALANCE SHEET 30 JUNE 2021

Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
11
155,621
Cash at bank
5,091
160,712
CREDITORS
Amounts falling due within one year
12
(113,337)
NET CURRENT ASSETS
47,375
TOTAL ASSETS LESS CURRENT
LIABILITIES
47,375
CREDITORS
Amounts falling due after more than one year
13
(45,488)
NET ASSETS
1,887
FUNDS
16
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-		 30.6.21
Total
funds
£
155,621
5,091
160,712
(113,337)
47,375
47,375
(45,488)
1,887
1,887
1,887		 30.6.20
Total
funds
£
376
26,625
27,001
(18,640)
8,361
8,361
(8,000)
361
361
361

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 31 August 2022 and were signed on its behalf by:

Mrs E Stones - Trustee

The notes form part of these financial statements

Page 14

CUMBRIA COMMUNITY HOMES

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

Year Ended
30.6.21
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(20,685)
Interest paid
(849)
Net cash (used in)/provided by operating activities
(21,534)
Change in cash and cash equivalents in
the reporting period
(21,534)
Cash and cash equivalents at the
beginning of the reporting period
26,625
Cash and cash equivalents at the end of
the reporting period
5,091		 Period
25.6.19
to
30.6.20
£
26,625
-
26,625
26,625
-
26,625

The notes form part of these financial statements

Page 15

CUMBRIA COMMUNITY HOMES

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Year Ended
30.6.21
£
Net income for the reporting period (as per the Statement of Financial
Activities)
1,526
Adjustments for:
Interest paid
849
Increase in long term creditors
37,488
Increase in bank overdraft
6,312
Increase in other loans
11,000
Increase in debtors
(155,245)
Increase in creditors
77,385
Net cash (used in)/provided by operations
(20,685)		 Period
25.6.19
to
30.6.20
£
361
-
8,000
6,000
-
(376)
12,640
26,625

2. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.7.20 Cash flow At 30.6.21
£ £ £
Net cash
Cash at bank 26,625 (21,534) 5,091
26,625 (21,534) 5,091
Debt
Debts falling due within 1 year (6,000) (17,312) (23,312)
Debts falling due after 1 year (8,000) (37,488) (45,488)
(14,000) (54,800) (68,800)
Total 12,625 (76,334) (63,709)

The notes form part of these financial statements

Page 16

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

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.

Grants received are credited to profit and loss account in the financial period in which they are received.

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.

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.

continued...

Page 17

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Other grants
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Rent contributions
Housing
4.
CHARITABLE ACTIVITIES COSTS
Housing
5.
SUPPORT COSTS
Management
£
Housing
236,183		 Direct
Costs
£
1,053,013
Finance
£
3,030		 Year Ended
30.6.21
£
3,534
58,268
61,802
Year Ended
30.6.21
£
58,268
Year Ended
30.6.21
£
1,238,799
Support
costs (see
note 5)
£
245,213
Governance
costs
£
6,000		 Period
25.6.19
to
30.6.20
£
5,609
7,373
12,982
Period
25.6.19
to
30.6.20
£
7,373
Period
25.6.19
to
30.6.20
£
243,325
Totals
£
1,298,226
Totals
£
245,213

continued...

Page 18

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Period
25.6.19
Year Ended to
30.6.21 30.6.20
£ £
Hire of plant and machinery 367 487
Other operating leases 12,544 2,856
Rent 569,191 132,121

7. AUDITORS' REMUNERATION

AUDITORS' REMUNERATION
Period
25.6.19
Year Ended to
30.6.21 30.6.20
£ £
Fees payable to the charity's auditors and their associates for the audit of the
charity's financial statements 6,000 -

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the period ended 30 June 2020.

Trustees' expenses

Trustees' expenses paid for the year ended 30 June 2021 amounted to £3,692.

9. STAFF COSTS

Year Ended
30.6.21
£
Wages and salaries
330,663
Social security costs
17,575
Other pension costs
1,950
350,188		 Period
25.6.19
to
30.6.20
£
61,566
-
-
61,566

The average monthly number of employees during the year was as follows:

Period
25.6.19
Year Ended to
30.6.21 30.6.20
Staff 15 4

No employees received emoluments in excess of £60,000.

continued...

Page 19

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
12,982
Charitable activities
Housing
243,325
Total
256,307
EXPENDITURE ON
Charitable activities
Housing
255,946
NET INCOME
361
TOTAL FUNDS CARRIED FORWARD
361
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Other loans (see note 14)
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
Restricted
fund
£
-
-
-
-
-
-
30.6.21
£
153,710
1,911
155,621
30.6.21
£
6,312
17,000
12,530
65,369
3,006
9,120
113,337		 Total
funds
£
12,982
243,325
256,307
255,946
361
361
30.6.20
£
-
376
376
30.6.20
£
-
6,000
123
6,154
3,363
3,000
18,640

continued...

Page 20

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.21
£
Bank loans (see note 14)
43,688
Other loans (see note 14)
1,800
45,488
14.
LOANS
An analysis of the maturity of loans is given below:
30.6.21
£
Amounts falling due within one year on demand:
Bank loans
6,312
Other loans
17,000
23,312
Amounts falling between one and two years:
Bank loans - 1-2 years
9,666
Amounts falling due between two and five years:
Bank loans - 2-5 years
30,491
Other loans - 2-5 years
1,800
32,291
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
3,531
15.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.21
£
Within one year
832,710
Between one and five years
1,598,160
2,430,870		 30.6.20
£
-
8,000
8,000
30.6.20
£
-
6,000
6,000
-
-
8,000
8,000
-
30.6.20
£
127,593
192,175
319,768

continued...

Page 21

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

16. 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 a
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.7.20
£
361
361
Incoming
resources
£
1,300,601
1,300,601
s follows:
Incoming
resources
£
256,307
256,307		 Net
movement
in funds
£
1,526
1,526
Resources
expended
£
(1,299,075)
(1,299,075)
Net
movement
in funds
£
361
361
Resources
expended
£
(255,946)
(255,946)		 At
30.6.21
£
1,887
1,887
Movement
in funds
£
1,526
1,526
At
30.6.20
£
361
361
Movement
in funds
£
361
361

continued...

Page 22

CUMBRIA COMMUNITY HOMES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

17. RELATED PARTY DISCLOSURES

During the period the charitable company entered into the following related party transactions.

Fees and expenses paid to trustees: Mr G C Asbury £1,000 Mr P Sheldon £1,000 Mrs E Stones £33,632

Also, during the period the charity entered into transactions with a company connected to Mrs E Stones and received services in the amount of £38,950.

As at the balance sheet date the charitable company owed £2,090 (30.6.20 : £Nil) to Mrs E Stones.

18. GENERAL INFORMATION

Cumbria Community Homes is a company limited by guarantee and incorporated in England and Wales. It's registered office is 37 Riverside Gardens, Barrow-in-Furness, Cumbria, LA13 0DD. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The financial statements are presented in sterling, which is the functional currency of the company.

Page 23

CUMBRIA COMMUNITY HOMES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Year Ended
30.6.21
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
3,534
Grants
58,268
61,802
Charitable activities
Rent contributions
1,238,799
Total incoming resources
1,300,601
EXPENDITURE
Charitable activities
Wages
330,663
Social security
17,575
Pensions
1,950
Rent
569,191
Maintenance
133,474
Donations
160
1,053,013
Other
Bank loan interest
849
Support costs
Management
Hire of plant and machinery
367
Other operating leases
12,544
Insurance
3,398
Light and heat
6,465
Telephone
7,236
Postage and stationery
6,098
Advertising
575
Sundries
1,641
Cleaning
6,260
Office rent
10,950
Travel and subsistence
38,197
Motor expenses
16,658
Storage
957
Computer expenses
23,325
Accountancy
3,367
Professional fees
10,316
Carried forward
148,354		 Period
25.6.19
to
30.6.20
£
5,609
7,373
12,982
243,325
256,307
61,566
-
-
132,121
10,541
92
204,320
-
487
2,856
1,095
344
1,175
992
295
-
1,007
1,920
27,265
882
396
2,265
3,512
2,510
47,001

This page does not form part of the statutory financial statements

Page 24

CUMBRIA COMMUNITY HOMES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Year Ended
30.6.21
£
Management
Brought forward
148,354
Consultancy fees
87,829
Repairs and renewals
-
236,183
Finance
Bank charges
1,328
Statutory interest
1,702
3,030
Governance costs
Auditors' remuneration
6,000
Total resources expended
1,299,075
Net income
1,526		 Period
25.6.19
to
30.6.20
£
47,001
3,542
722
51,265
361
-
361
-
255,946
361

This page does not form part of the statutory financial statements

Page 25