```
REGISTERED COMPANY NUMBER: CE021289 (England and Wales)
REGISTERED CHARITY NUMBER: 1188757
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements for the Year Ended 31 March 2022
```
```
for
Renova Trust
```
```
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
```
```
Renova Trust
```
```
Contents of the Financial Statements
for the Year Ended 31 March 2022
```
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Independent Examiner's Report`**||`5`||
|**`Statement of Financial Activities`**||`6`||
|**`Balance Sheet`**||`7`||
|**`Notes to the Financial Statements`**|`8`|`to`|`13`|
```
Renova Trust
```
```
Report of the Trustees
for the Year Ended 31 March 2022
```
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearto31March2022. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Renovaisacharitableorganisationthataimstoprovideaholistic,long-termsolutiontotheneedsof people
whoarehomelessoratriskofhomelessnessinBerkshireandotherpartsoftheSouthtohelpthem become
self-sufficient, contributing members of the community.
```
```
We dosobyprovidingsupportandaccommodationtothosewhohavepreviouslybeenhomelessoratrisk of
homelessnesssotheycanaddresstheirdifficultiestoenablethemtoachievealiveablewageand sustain
housing.RenovaalsohasaplantoextendtheirservicestoHackneyorTowerHamletsinLondonwhere their
office is based and to Farnborough in Hampshire.
```
```
OurbeneficiariesarefromBracknell,Slough,Wokingham,ReadingandOxford.Theycometousthrough our
partnershipwithBracknellBorough'sRoughSleepers'Team,theNationalProbationServiceandtheirpartner -
Ingeus,WokinghamCouncilandthroughcollaborationwiththeirpartnerorganisationsthePolice,the Night
Shelters,MentalHealthTeams,HopeDrugandAlcoholService,Churches,theCABandtheJobCentre. We
alsoreceivereferralsfromtheReadingSalvationArmy andYeldallManor.Inaddition,thisyear,wehave had
some people self-refer as the charity becomes well known in the community and further afield.
```
```
Ourservicesandapproachfollowthefindingsthat"HousingFirstisbestusedaspartofanintegrated strategy,
whichcoordinatesandprovidesthefullrangeofserviceshomelesspeopleneed,ratherthanasa standalone
responseto homelessness."(HousingFirstEngland:TheCostEffectivenessofHousingFirstinEngland,Pleace and
Bretherton, March 2019).
```
## **`Public benefit`**
```
TheTrusteeshaveconsideredtheguidanceprovidedbytheCharityCommissionregardingpublicbenefit and
the work of the charity.
```
```
Page 1
```
```
Renova Trust
```
## **`Report of the Trustees for the Year Ended 31 March 2022`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Review, achievements and performance`**
```
Acommendableyearforthecharitydespitethepandemicanditschallenges.Wehavenowopened 2
houseswhichallowustoaccommodateasmanyas8peopleatanyonetimeandaremakingplansto open
ourthirdhousewiththecapacitytoaccommodate5morepeople.Wereceivedgrantsfrom Berkshire
CommunityFoundation,ArnoldClarke,ScrewfixFoundation,TheNationalProbationService,the Methodist
Church Surrey and Berkshire Borders Circuit and an ESFA grant through Groundwork.
```
```
Inthelastyear,wehavereceivedover53referralstoourserviceandoverthelastyearwe have
accommodated12residents.Weprovideasafehome,keywork,therapyandcounsellingtoenable our
residentsaddressthedeep-seatedissuescausedby orculminatinginanindividualexperiencing homelessness
orbeingmarginalised.Weintegrateourresidentsbackintocommunitybylinkingthemwithamemberof a
localcommunitygivingthemtheconfidenceanddignitytorebuildfamilyrelationships.Weworkwith our
residents through our citizenship course and volunteer opportunities to imbibe and develop civic responsibility.
Our mentors work with our residents to get them ready for employment or to retrain.
Wearepleasedtosaythatattheendofthisfinancialyearwehavebeenabletoassist50%ofour residents
back into employment and education.
```
```
WehavealsoreceivedagrantfromtheMoneySavingExpertCharitytoenableourresidentsimprove their
budgeting skills.
```
```
OurresidentsreportthatwhatdistinguishesRenovaisthatitisasafehomewheretheygetonwellwith each
other and they appreciate it being an environment that fosters their recovery.
```
```
Thesearepeoplethatareinorstartingtheirrecoveryprogrammeandthisisreflectedinthesupport services
weoffer.Ourpathwayforourbeneficiariesincludesupto2yearsinCovidsecuresupportedhousingand a
further3yearsinindependentlivingtoensurethattheyareabletomaintainindependentliving.Each person
alsohasanindividualintensivesupportpackageofengagementwithrecoveryservices,including counselling
or therapy and life skills training.
```
```
Resident Story - Living In A Renova House Has Changed My Life
```
```
My name is Barry, and I've been living with Renova for nearly a year now.
```
```
Beforelivinghere,Iwasanalcoholicandhomeless.Negativeinfluencesinmylifeledmeastray,I was
miserableandfeltincrediblydown.Roughsleepingwasscary.Ineverknewwhowaslurkingoutthereat night
andIoftenchosetosleepinthewoodsasitfeltslightlysafer.Imissedthesimplethingssuchasahotmeal, a
warm bed and the ability to socialise with others safely.
```
```
LivingwithRenovahaschangedmeasa person.IcanspeakupformyselfandIam moreconfident.I've built
healthyrelationshipswithotherpeople,andIhavea greatsupportnetworkaroundme. Inowworkfull-time at
alocalrestaurantandamtrainingtobeachef!I'vecomesofar,and,inthefuture,I'dlovetohavemy own
placewithalittleJackRussel.HopefullyIcanachievemygoalofbecomingachefandcomfortably watch
my family grow up. I can sleep safely now.
```
## **`Short/Medium Term Objectives`**
```
Thecharity'saimistoprovideaccommodationandsupport-primarilytoresidentsoftheRenovaHouses, but
possiblytoothermembersofthepublicwhocouldbenefitfromourservices-withgettingback into
community,employmentandultimately,intoindependentliving.Wewouldhopethatover80%of our
beneficiarieswouldbebackinemploymentoreducation.Tothisendwewillalsolinkourresidents to
Colleges, Trainers and Companies providing Apprenticeships.
```
```
Weaimtoincreaseourcapacitytoaccommodating13residentswithinthenext12months,withavision to
increase our housing pool to 10 houses across the South East over a period of 5 to 10 years.
```
## **`Volunteer Support`**
```
The total number of volunteers during the year was 24.
```
```
Our volunteers act as befrienders, mentors, life coaches, therapists and are involved in facilities management.
```
## **`Staff`**
```
Full-time: 2 (2021: 0), Part-time: 1 (2021: 2).
```
```
Page 2
```
```
Renova Trust
```
## **`Report of the Trustees for the Year Ended 31 March 2022`**
## **`FINANCIAL REVIEW`**
## **`Financial review`**
```
Duringthefinancialyear,thecharityreceiveddonations,grantsandotherincomeamountingto£111,842
(2021: £290,946) and incurred expenditure of £79,773 (2021: £35,162)
```
## **`Reserves policy`**
```
Thetrusteesseektoholdadequatereservestomeetthreemonths'operatingcosts.Unrestricted,free reserves
at 31st March 2022 totalled £57,501 ((2021: £19,532).
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing Instruments`**
```
TheCharityiscontrolledbyitsgoverningdocument,adeedoftrust,andisestablishedasa Charitable
IncorporatedOrganisation(CIO),itsactivitiesareregulatedbyitsconstitution.TheobjectsoftheCIOare, for
the public benefit -
```
```
1.Torelievetheneedsofpeoplewhoareformerroughsleepers,vulnerablyhousedpeopleorpeople who
wouldotherwisebeatriskofstreethomelessness,inBerkshireandsuchpartsoftheUnitedKingdomas the
charitytrusteesmayfromtimetotimedecide,includingbutnotrestrictedtoex-offenders,thoseaffected by
relationshipbreakdown,illegalsubstanceandalcoholaddictionsandpeopleaffectedbypoor mental
health,orhavebeenabusedbytheprovisionofsupportedhousing,accommodationandrelated support
services.
```
```
2.Thereliefoffinancialhardship,sicknessandtopromotegoodhealthbytheprovisionofaccommodation or
education.
```
## **`Trustees`**
```
Thenamedtrusteeshaveservedduringtheyear.TheTrusteesarekeptinformedoftheactivities and
performanceofthecharitableorganisationandprovidedwithregularmanagementinformation. The
compositionoftheboardiskeptunderreviewandadditionalappointmentswillbemadeshouldthe need
arise. All trustees are made aware of their responsibilities.
```
## **`Board Of Trustees`**
```
Wehaveaboardof5trustees.Theexistingboardretainsexpertiseofthekeyaspectsrequiredtorun the
charity-VincentBalogunhascurrentexperienceofmanagingandrunningsupportedhousing, Stephen
EdialeisamanagementconsultantwithexpertiseinComplianceandAnti-MoneyLaunderingandis a
qualifiedaccountant,LincolnOsunkoyawasuntilrecentlyatrusteeofalargecharitywithasignificant social
justicedepartmentandTessOsunkoya,asolicitor,specialisesinfamilylawandchildlaw-witha significant
portionofherworkrepresentingindividualswhoaretypicaloftheRenovaresidentbase.CaradogDavies was
appointedthisyear.Heisaqualifiedcharteredmanagementaccountantwithexperiencein financial
management.
```
## **`Management Team`**
```
Themanagementofthecharityisundertakenmainlybythetrustees.Thetrusteeshaveworkedhardto ensure
thatthecharityisfinanciallystableandsustainable-undertakingfundraisingthemselves,building relationships
withlocalchurches,GreenPastures,Stewardship,LocalAuthorities.,theNationalProbationServicesand other
referralagencies,puttingallthenecessarypoliciesandproceduresinplaceandensuringstaffare recruited
andinplacetomeettheneedsoftheservice(ChiefExecutiveOfficer,HousingProjectManager,Key Worker
and Bookkeeper).
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
CE021289 (England and Wales)
```
## **`Registered Charity number`**
```
1188757
```
## **`Registered office`**
```
16 Marner Point
Jefferson Plaza
London
E3 JQB
```
```
Page 3
```
```
Renova Trust
```
## **`Report of the Trustees for the Year Ended 31 March 2022`**
## **`Trustees`**
```
Lincoln Osunkoya
Amatesiro Osunkoya
Stephen Ediale
Vincent Balogun
Caradog Davies - appointed 1st November 2021
```
## **`Independent Examiner`**
```
A M Skilton
ACA
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
```
## **`Website address`**
```
www.renova.org.uk
```
30 October 2022 `Approved by order of the board of trustees on ............................................. and signed on its behalf by:`
```
...........................................................................
L Osunkoya - Trustee
```
```
Page 4
```
```
Independent Examiner's Report to the Trustees of
Renova Trust
```
## **`Independent examiner's report to the trustees of Renova Trust ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2022.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
A M Skilton
ACA
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
```
31 October 2022 `Date: .............................................`
```
Page 5
```
```
Renova Trust
```
## **`Statement of Financial Activities for the Year Ended 31 March 2022`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`34,503`**
`Investment income`
`2`
**`1`**
**`Total`**
**`34,504`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Administration and support costs`
**`9,897`**
**`NET INCOME`**
**`24,607`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`19,532`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`44,139`**|**`Year Ended`**
**`31.3.22`**
`Restricted`
**`Total`**
`fund`
**`funds`**
`£`
**`£`**
**`77,339`**
**`111,842`**
**`-`**
**`1`**
**`77,339`**
**`111,843`**
**`70,276`**
**`80,173`**
**`7,063`**
**`31,670`**
**`236,252`**
**`255,784`**
**`243,315`**
**`287,454`**|`Period`
`25.3.20`
`to`
`31.3.21`
`Total`
`funds`
`£`
`290,943`
`3`|
|---|---|---|
|||`290,946`|
|||`35,162`
`255,784`
`-`|
|||`255,784`|
```
The notes form part of these financial statements
```
```
Page 6
```
```
Renova Trust
```
## **`Balance Sheet 31 March 2022`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`7`
**`-`**
**`CURRENT ASSETS`**
`Debtors`
`8`
**`762`**
`Cash at bank`
**`45,184`**
**`45,946`**
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`(1,807)`**
**`NET CURRENT ASSETS`**
**`44,139`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`44,139`**
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`10`
**`-`**
**`NET ASSETS`**
**`44,139`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
**`290,000`**
**`-`**
**`23,621`**
**`23,621`**
**`(8,306)`**
**`15,315`**
**`305,315`**
**`(62,000)`**
**`243,315`**|**`31.3.22`**
**`Total`**
**`funds`**
**`£`**
**`290,000`**
**`762`**
**`68,805`**
**`69,567`**
**`(10,113)`**
**`59,454`**
**`349,454`**
**`(62,000)`**
**`287,454`**
**`44,139`**
**`243,315`**
**`287,454`**|`31.3.21`
`Total`
`funds`
`£`
`290,000`
`-`
`47,868`
`47,868`
`(2,084)`
`45,784`
`335,784`
`(80,000)`
`255,784`
`19,532`
`236,252`
`255,784`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for
the year ended 31 March 2022.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2022 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
`The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:` 30 October 2022
```
.............................................
L Osunkoya - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
Renova Trust
```
```
Notes to the Financial Statements
for the Year Ended 31 March 2022
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
ThefinancialstatementsoftheCIO,whichisa publicbenefitentityunderFRS102,havebeen prepared
inaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK
andRepublicofIreland'andrelevantcharitylegislation.Thefinancialstatementshavebeen prepared
under the historical cost convention.
```
```
Thefunctionalcurrencyofthecharityissterlingandamountsinthefinancialstatementsarerounded to
the nearest pound.
```
## **`Going concern`**
```
ThefinancialstatementshavebeenpreparedonthegoingconcernbasisastheBoardofTrustees is
confidentthatfuturereservesandfutureincomeismorethansufficienttomeetcurrent commitments.
There are no material uncertainties that impact this assessment.
```
## **`Critical estimates and judgements`**
```
Inpreparingfinancialstatementsitisnecessarytomakecertainjudgements,estimates and
assumptionsthataffecttheamountsrecognisedinthefinancialstatements.Intheviewofthe Trustees
inapplyingtheaccountingpoliciesadopted,nojudgementswererequiredthathavea significant
effectontheamountsrecognisedinthefinancialstatementsnordoanyestimatesor assumptions
made carry a significant risk of material adjustment in the next financial year.
```
## **`Income`**
```
All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Tangiblefixedassetscompriseofthefreeholdpropertypurchasedintheyearatcost;no depreciation
has been applied in this period.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities and is not registered for VAT.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.trustees
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachrestrictedfundisincludedinthenotesto the
financial statements.
```
```
continued...
```
```
Page 8
```
```
Renova Trust
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`**
## **`2. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
|||`Period`|
|||`25.3.20`|
||**`Year Ended`**|`to`|
||**`31.3.22`**|`31.3.21`|
||**`£`**|`£`|
|`Deposit account interest`|**`1`**|`3`|
## **`3. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
|||`Period`|
|---|---|---|
|||`25.3.20`|
||**`Year Ended`**|`to`|
||**`31.3.22`**|`31.3.21`|
||**`£`**|`£`|
|`Independent examination costs`|**`2,400`**|`2,000`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Onetrusteereceivedremunerationof£12,500(2021:£Nil)intheyearunderreviewbyvirtueof their
position as Chief Executive Officer of the charity.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheperiod ended
31 March 2021.
```
## **`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`25,124`
`Investment income`
`3`
**`Total`**
`25,127`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Administration and support costs`
`5,572`
**`NET INCOME`**
`19,555`
**`Transfers between funds`**
`(23)`
**`Net movement in funds`**
`19,532`
**`TOTAL FUNDS CARRIED FORWARD`**
`19,532`|`Restricted`
`fund`
`£`
`265,819`
`-`
`265,819`
`29,590`
`236,229`
`23`
`236,252`
`236,252`|`Total`
`funds`
`£`
`290,943`
`3`|
|---|---|---|
|||`290,946`|
|||`35,162`
`255,784`
`-`|
|||`255,784`|
|||`255,784`|
```
continued...
```
```
Page 9
```
```
Renova Trust
```
```
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
```
## **`6. STAFF COSTS`**
```
No employee received remuneration, including employee benefits, in excess of £60,000.
```
## **`7. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 April 2021 and 31 March 2022`
**`NET BOOK VALUE`**
`At 31 March 2022`
`At 31 March 2021`|`Freehold`
`property`
`£`
**`290,000`**|
|---|---|
||**`290,000`**|
||`290,000`|
```
ThecharitypurchasedafreeholdpropertyinBracknellinMarch2021whichwillbeusedin connection
with its charitable objectives.
```
## **`8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`8.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|---|
|||**`31.3.22`**|`31.3.21`|
|||**`£`**|`£`|
||`Trade debtors`|**`762`**|`-`|
|**`9.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|||**`31.3.22`**|`31.3.21`|
|||**`£`**|`£`|
||`Other loans (see note 11)`|**`5,000`**|`-`|
||`Social security and other taxes`|**`2,713`**|`84`|
||`Accruals and deferred income`|**`2,400`**|`2,000`|
|||**`10,113`**|`2,084`|
|**`10.`**|**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**|||
|||**`31.3.22`**|`31.3.21`|
|||**`£`**|`£`|
||`Other loans (see note 11)`|**`62,000`**|`80,000`|
|**`11.`**|**`LOANS`**|||
||`An analysis of the maturity of loans is given below:`|||
|||**`31.3.22`**|`31.3.21`|
|||**`£`**|`£`|
||`Amounts falling due within one year on demand:`|||
||`Other loans`|**`5,000`**|`-`|
||`Amounts falling due in more than five years:`|||
||`Repayable by instalments:`|||
||`Other loans more 5yrs instal`|**`62,000`**|`80,000`|
```
Twoseparateloansof£40,000eachwerereceivedbytheTrustinMarch2021fromsupportersof the
charity-bothloansareunsecured,interestfreeanddueforrepaymentbyequalinstalmentsover 10
years commencing in October 2022.
```
```
Loan1-thedonorsagreedtotransfer£13,000oftheiroriginalloantoa donationtoreservesinthe year
ended31March2022leavingabalanceof£27,000tobepaidinaccordancewiththe agreed
arrangements above.
```
```
continued...
```
```
Page 10
```
```
Renova Trust
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`**
## **`11. LOANS - continued`**
```
Theamountofeachloandueandpayableaftermorethan1yearbutwithin5yearswas£32,000 with
£30,000 due after 5 years (in aggregate) as at 31 March 2022.
```
## **`12. MOVEMENT IN FUNDS`**
|**`MOVEMENT IN FUNDS`**||||
|---|---|---|---|
|||`Net`||
|||`movement`|`At`|
||`At 1.4.21`|`in funds`|`31.3.22`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|**`19,532`**|**`24,607`**|**`44,139`**|
|**`Restricted funds`**||||
|`Restricted Fund`|**`236,252`**|**`7,063`**|**`243,315`**|
|**`TOTAL FUNDS`**|**`255,784`**|**`31,670`**|**`287,454`**|
|`Net movement in funds, included in the above are as follows:`||||
||`Incoming`|`Resources`|`Movement`|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|**`34,504`**|**`(9,897)`**|**`24,607`**|
|**`Restricted funds`**||||
|`Restricted Fund`|**`77,339`**|**`(70,276)`**|**`7,063`**|
|**`TOTAL FUNDS`**|**`111,843`**|**`(80,173)`**|**`31,670`**|
|**`Comparatives for movement in funds`**||||
||`Net`|`Transfers`||
||`movement`|`between`|`At`|
||`in funds`|`funds`|`31.3.21`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`19,555`|`(23)`|`19,532`|
|**`Restricted funds`**||||
|`Restricted Fund`|`236,229`|`23`|`236,252`|
|**`TOTAL FUNDS`**|`255,784`|`-`|`255,784`|
```
continued...
```
```
Page 11
```
```
Renova Trust
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted Fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`25,127`
`(5,572)`
`19,555`
`265,819`
`(29,590)`
`236,229`
`290,946`
`(35,162)`
`255,784`|
|---|---|
|`Restricted funds analysis note`|||||
|---|---|---|---|---|
|
`Note`|`Balance at`
`31.3.21`|`Income`|`Expenses`|`Balance at`
`31.3.22`|
|`Keywork, therapy and training`
`1`|`4,200`||`1,445`|`2,755`|
|`Albert Hunt Trust`
`2`|`5,000`||`5,000`|`-`|
|`Bracknell Forest Borough Council`
`3`|`17,000`||`13,427`|`3,573`|
|`Renova House`
`4`|`210,052`|`13,000`|`-`|`223,052`|
|`Second house set up`
`5`||`13,535`|`13,535`|`-`|
|`General fund`
`6`||`6,310`|`6,310`|`-`|
|`Berkshire Community Foundation`
`7`||`5,000`|`5,000`|`-`|
|`Methodist Church`
`8`||`2,732`|`593`|`2,139`|
|`Berkshire Community Foundation`
`9`||`5,000`|`5,000`|`-`|
|`Arnold Clark Community Fund`
`10`||`1,000`|`1,000`|`-`|
|`Probation Service`
`11`||`10,000`|`9,240`|`760`|
|`Involve`
`12`||`5,000`|`-`|`5,000`|
|`Groundwork`
`13`||`3,920`|`3,920`|`-`|
|`MSE Charity`
`14`||`5,904`|`-`|`5,904`|
|`Screwfix`
`15`||`5,000`|`5,000`|`-`|
|`Welcome Pack`
`16`||`938`|`806`|`132`|
||||||
||`236,252`|`77,339`|`70,276`|`243,391`|
||||||
```
1 Funds donated as a contribution towards keywork, therapy and training activities
```
```
2 Albert Hunt Trust - contribution towards core costs allocated to salaries
```
```
3 Bracknell Forest Borough Council - contribution towards project activities or costs allocated to salaries
4Fundsdonatedfromavarietyofsourceswererestrictedtocovertheacquisitioncostofa freehold
property in Bracknell renamed Renova House
```
```
5Fundsdonatedtocoverthesetupcostsofasecondpropertytobeusedforcharitable purposes
including Involve, Methodist Church, Syder Foundation and Kerith Community Church
```
```
6 Green Pastures fund - reimbursement of house set up costs of second house
```
```
7 Berkshire Community Foundation - contribution towards salaries
```
```
8 Methodist Church - allocated as contribution towards salaries
```
```
9BerkshireCommunityFoundation-secondgrant,contributiontowardscostsofreplacing heating
system in second house
```
```
10 Arnold Clark Community Fund - contribution towards salaries
```
```
11 Probation Services - contribution towards project costs
```
```
12Involve-secondpartofthegrantreceivedascontributiontowardscorecostsallocated towards
salaries
```
```
13 Groundwork - activities, equipment or training to assist residents into employment or education
```
```
14MSECharity-contributiontowardssalariesandancillarycoststodelivermoney management
courses to residents
```
```
15 Screwfix - contribution towards fire doors and bathroom works carried out in second property
```
```
16WelcomePack-fundsreceivedfrommultiplesourcesrestrictedtopurchaseofitemsincluded in
resident welcome packs/hampers
```
```
continued...
```
```
Page 12
```
```
Renova Trust
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`**
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2022.
```
```
Page 13
```