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2022-03-31-accounts

RICHMOND
FELLOW		 RICHMOND
FELLOW		 SHIP GROUP B OARD MEMBER S AND A DV ISERS
BOARD MEMBERS
Helen Edwards Chair
Martin
Allen Marales		 (resigned 16July 2021)
lan Ayling (appointed
2June 2021)
Kapil Bakshi
Geoffrey Bland (resigned 31August 2021)
Albert Fletcher
Anne Tansi Harper (n:signed 31May 2021)
Maureen
Hopcroft		 (appointed
1September 2021)
Peter Malyneux (resigned 31Inarch 2022)
Rachel Perkins
Alen Powell Vice Chair
Jonathan
Royie
Executive Directors
Derek Caren Graup Chief Executive
Tracey Bell Group Director ofPerformance. Quality 6 Innovation
June Riley Group Directar afFinance
Robert Templeton Director of Operations (Richmond Fellowship)
Mary Wishart Group Director of Business Development
SOLICITORS Bates Wells 8 Braithwaite
LLP (trading as Bates Wells)
10Queen Street Place
Landon EC4R 1BE
BANKERS Lloyds Bank Pic
4s Flaor
25Gresham
Street
Landon EC2V THN
INDEPENDENT
AIJDITQR		 CLA Evelyn Partners (formerly
Nexia Smith and		 Williamson)
Statutory
Auditors
Chartered
Acaountants
45Gresham
Street
London EC2V TBG
RE GI STE RED QF FICE 80 Holloway
Road
London
N7 8JG
COMPANY REGISTRATION 662712
CHARITY NUMBER
REGISTERED PRDVIDER OF
SOCIAL HQIJ SING H2025
WEB SITES www. recoveryfocus. org.uk
www. richmondfel)owshlp.
org.uk




into the new year. We are continuing
to look st other areas that offer scope for mo


into the new year. We are continuing
to look st other areas that offer scope for mo


into the new year. We are continuing
to look st other areas that offer scope for mo


into the new year. We are continuing
to look st other areas that offer scope for mo


into the new year. We are continuing
to look st other areas that offer scope for mo		 re procurement
efficiencie.
People we support
to achieve their recovery outcomes
In 2021l22,21,258 peopl ewere supported in their personal recovery by our services (2020(21;18,267),each
with a personalised
care plan.
The full breakdown		 of activity within the Group over the past year isss follows:
2021/22 2020/21
Social housing
provi sion:
In supported
housing		 1,()16 1 (')4()
In registered care homes 145
Non-social housing
accominodation:
Care horne
with nursing		 V 1?
Crisis 1 543
Non-accommodation
services:
Crisis Haven (new service) ?,?01
Employment
related		 ?,440 ? 4'?
Floating/community 5 SS?
Domestic abuse 1 '60 820
Substanae
use/gambling		 7 264 G 75G
TOTAL CLIENT ACTIVITY FOR THE YEAR 21 25S 18.257
We monitor
a range of indicators amongst
which		 include:
A~ti
it
i
di
t		 2022 2021 2020
Number af CQC registered
services		 not meeting afi core
standards
Referral to treatment
time of &3weeks for treatment		 services 1.4'Yo 0.7% 5.1%
Satisfaction
indicators
Clients surveyed
who felt involved
in		 planning their individual 92'Yo
svpport
%of clients with positive or stabilised
journey outcomes		 scores in their recovery 91Yo 92oA
%af client exits planned —Richmond Fellowship services 92% 92%
'%af cfient exits planned —Aquarius services 72% 68%
%of clients satisfied with the qvality oftheir service 89'Yo 93'Yo
%of residential
clients (Richmond
Fellowship
the quality oftheir accommodation		 only) satisfied with 75%
Grou
Cash 8, Cash E urvaients		 Grou
Cash 8, Cash E urvaients		 Grou
Cash 8, Cash E urvaients		 2022 2021 2020 2019 2018*
0 eni
Cash balance		 13,946 11,184 9.316 13,198 16,449
Net Cash from o ratin
activities		 3,221 2,762 1,868 3,882 3,251
Closln
Cash balance		 17,187 13,946 11,184 9,318 13,198
Statement ofFinancial Position 2022 2021 2020 201rl' 2018*
Non-current
assets		 30,267 30,304 30,222 30,944 29,SS6
Current assets 27,759 24,330 21,214 22,363 21,961
Current
liabilities		 (7,516) 6,283 4,609 4,704 3,391
Lan -term creditors (7,712) (7,830) (8,286) (8,865) (9,020)
Net assets 42,798 40 521 38541 39738 39106
Restri
dad fv n de		 7,095 7,931 7,789 7,758 7,781
Unrestricted
reserve		 35,219 32,052 30,304 31,228 30,582
Pension reserve 484 538 448 752 743
Total reserves 42,798 40 521 38541 39738 39108
Financral Statistics 2022 2021 2020 2019 2018*
Su
lusfarthe
arse% oftumover		 4.8% 4.3% (2.6%) 1.4% (1.3%)
0 cretin
ma
in		 4.1% 2.4% (1.8%) 0.7% (1.4%)
0 cretin
cost as %of revenue		 96.2% 98.6% 101.8% 103.4% 101.6%
0 cretin
sur
lus		 before overheads** 8,701 7,447 6,400 5,700 6,000
Contribution
Ms
in		 before overheads 18.3% 16.3% 13.8% 12.2% 13.7%
Ca
ital investments		 1,424 2,014 1300 3500 4,300
Capital investment (as %ofopening cash
balance 10.2% 18.0% 14.0% 26.5% 26.1%
Cash 8 investments as %afNet Assets 49.5% 43.8% 37.2% 32.2% 42.4%
"This repreaenie tumerer ieas Opening expenraore befOre Ovsrheerra
PRINCIPAL BUSINESS RISKS AND UNCERTAINTIES

their ability to be productive.
Reports
fro
Group Board and the Aquarius
Board.		 m these meetings m these meetings are revie wed
by the Peopl		 e Committee
of the		 e Committee
of the
During the year we paid particular
attention		 to the fallowing indicators. The table below gives a snapshot
of
the 3t March posiTion
in each year.
Activity indicators
(ann valised)		 2022 202t 2020
')fi ofdays kist arising from sicrmess 3.9')fi 2.4% 4.6%i
0 ofvoluntary
turnover
in the past 12months		 373k 21% 29K
')o ofworkforce from BAME backgrounds compared to client ')o +3.3'% +1.5% +0.3fifi
Client satisfaction
indicators
Client feels staff treat them with dignity and respect 963k 95% 97K
Client feels keyworker
listens to client's views and		 acts on them 94% 94% 96K

Renchmashlng Renchmashlng slmed on 2021 ISlohel ncceueei on 2021 ISlohel ncceueei on 2021 ISlohel ncceueei on 2021 ISlohel ncceueei on 2021 ISlohel ncceueei
0 cretin
Ma
n
Overall		 2.9st 91st 53SS 3 22
0 cretin
mar
In(social housin		 lettin l '13.575 29.27S 9.cnn 0. 204 2nd
EDITDA MRI
as tsinterest		 nfa 679.4tc 233.3ts 24DE 9ls 59. 617.
5odal housin
units		 n/4 nfa 1.575 1.5% Z.1st
nun-senal
housi
unhx -75
De sr l 37.156 02% 12.1 275%
Return ones
ital Em		 I -'IS 30% 3476 1.1 -14 5tli
vcuttonm
deDW red
Reinvestment 0.575 13.055 S334
headline
social housin		 unit «rats 59,49S E9,295 5 13.3ZO 5 11,330 f24450 828,790 5 6,620 E2 4030 2nd
Mana
nt cost
er		 unit E L569 f L445 f 2.721 f2435 f5,526 f10,796 f 6,609 f1L727
Service char
cost		 r unn f2961 966 f5726 f2 95 E 65 El 613 E7914 Ei 597 2nd
Routine
Maihtenahm		 erst par uhlt f275 5118 E Z.317 51,112 5 3,593 f 2,550 f 3,667
Manned
Maintenance		 cost per unit E71 ES9 f 2731 fl
39		 E3S8 4th
Melor repairs mst per unit E676 f943 E209 851 7th
E 2.677 f4719 E766 f 6,159
Capitalised
maior repairs expenditure		 for period E676 5943 E485 E 135 f87 5 4430 2,199 51ll
Other
mdal
housin		 lettin costs f749 f445 f 1,698 E 5SI9 f 1,1DS f12D E636 3rd
Other sodal housing
actlvtdesi charges		 for
su
ort servlmsl		 E 16.533 f 16,141 E 14.123 56,390 510,557 540,570 f 2,267 521,316 5th
Totalsuoal
housing
units awned		 anruor
managed
at period end		 768 2.277 L3CD 1,224 2431 3,660 2,616
experiences,
and		 knowledge, knowledge, in identifying
new non-exec		 ,
utives
as vacancies arise.		 ,
utives
as vacancies arise.		 ,
utives
as vacancies arise.
Board Members' remuneration, attendance and Partner Board/Committee
Memberships		 in 2021/22 were:
Non-Executive Rem un era tion Group
Board
Attendance		 Partner
Board/Committee
Nf embers/i /ps		 PART/VER BOAREi/
COM/i/r/TTEE
KEY
M Allen Morales EO 0/0 BFC AAC (Audit 8 Assurance)
I Ayling E4,167 5/5 AAC, BFC BFC(Business 5Finance)
KBakshi E5,000 I6/6 QPC, WTC AAP (Aquarius
Board)
G Bland 62,500 2/2 AAC, BFC PeC (People)
H Edwards Et2,500 I6/6 AAC, PeC QPC (Quality 3
Performance)
A Fletcher 610,000 5/6 QPC, PeC, AAP WTC (Working Together)
T Harper Et,316 0/0 BFC, PeC
M Hapcmft 62,917 4/4 WTC
P Mdyneux E5,500 5/6 QPC
R Perkins E6,000 6/6 PeC, WTC
A Powell E6,000 I6/6 AAC, BFC
J Royle 65,633 6/6 PeC, QPC
~
This inc/udes		 an exceptions/
ane-off adiusfrnenf		 afE4,000

2022 2022 2021 2021
Group Company Group Company
Notes f000 f000 fM0 fgM
Turnover 3 47,557 41,855 45,267 39,721
Operating
expenditure		 (45,774) (40,645) (44,910) (39,681)
Surplus on disposals of fixed assets 11 151 151 433 433
Other operating
income		 4 3 295 187
Operating
surplus		 1,938 1,364 1,085
interest receivable 9 148 145 156 155
Interest 6 financing casts 10
Movement
in the value		 of investments 204 204 630
Surplus forthe financial year
2,290 1,713 1,871 1,445
OTHER COMPREHENSIVE
INCOME
Actuarial
loss/(ga In)		 in respect of
pension scheme (2) (2) 109 109
Total comprehensive Income for
the year 2,288 1,711 1,880 1,554
OMPANY
NUMB		 ER 6627 12
2022 2022 2021 2021
Note Group Company Group Company
8000 80M 80M 8MO
Fixed Assets
Property,
plant 8 equipment
- Housing 8 other properties
for social provision		 used 12 24,137 22,157 24,421
-Other property,
equipment		 plant and 13 5,646 4.820 5.345 4,489
Post-employment benefits 538
30,267 27,461 30,304 27,687
Current assets
inventories 14 169 167 129 128
Debtors due within one Year 15 6,421 5,882 6,457 5,833
Investments 16 4,002 4,002 3,798 3,798
Cash at bank and in hand 17,167 13,039 13,946 10,557
27,759 23,090 24,330 20,316
Creditors: amounts
within one year		 falling due 17 (7.516) (6,630) (6,283) (5,675)
Net current assets 20,243 1$,460 18,047 14,641
Total assets less
tiabillties		 current 50,510 43,921 48,351
Creditors: amounts
over one year		 falling due 18 (7,712) (7,712) (7,830) (7,830)
Tots Iassets less liabilities 42,788 36,209 40,521 34,498
Funds
Restricted
funds		 22 7,095 2.392 7,931 3,806
Unrestricted
funds
- Unresbtcted
general		 funds 24 34,050 32,346 31,087 29,371
- Designated
funds		 23 184 184
- Revaluation
reserve		 24 985 987 781 783
- Pension reserve 24 484 484 538 538
3$,209 40,521

r the year ended 31 March 2022
Unrestricted
Restricted General Designated Revaluation Pension
Funds Funds Funds Reserve Reserve
f000 fODO f000 f000 BNO
Balance at 1April 2821 7,789 29,771 382 151 448 38,541
Surplus for the year 1,871 1,871
Other comprehensive income 109 109
Total comprehensive income 1,871 109 1,980
Transfers (note 21) 142 (555) (198) 630 (19
Balance at 31 March 2021 7,931 31,087 184 781 538 40,521
Surplus
for the year		 2,290
Released on Disposal (11) (11)
Other oomprehs naive income (2) (2)
Total comprehensive income 2,279 (2)
Transfers (note 21) (836) 684 204 (52)
Balance st 31 March 2022 7,095 34,050 184 985 484 42,798
OMPANY STATE
r the year ended		 MENT O
31 March		 F CHANGES
2022		 IN EQU ITY ITY
Unrestricted
Restricted
Funds		 General
Funds		 Designated
Funds		 Revaluation
Reserve		 Pension
Reserve		 Total
BNO f000 fODO f000 f000 BNO
Balance at 1April 2821 4,090 28,D55 198 153 448 32,944
Surplus for the year 1,445 1,445
Other comprehensive income 109 109
Total comprehensive income 1,445 109 1,564
Transfers (note 21) (284) (129) (198) 630 (19
Balance at 31 March 2021 3,808 29,371 783 538 34498
Surplus for the year 1,713 1,713
Other comprehensive income (2) (2)
Total comprehensive Irtcome 1,713 (2) 1,711
Transfers (note 21) (1,414) 1,262 (32)
Balance at 31 March 2022 2,392 32,346 987 484 38,208

2022 2021
Note 6000 6000
Net cash generated
from		 operating activities 30 4,106 3,426
Cash flow from investing activities
Acquisition
8 development
of properties		 used for service
provision (365) (766)
Sale of housing
properties		 407 1,190
Purchase of other property,
plant		 &equipment (1,064) (1,248)
Sale of other property plant &equipment 12
Investment
income received		 125 141
Interest received 12 5
Net cash used in investing activities (565) (666)
Net decrease in cash and cash equivalents 3.221 2.762
Cash &cash equivalents at the beginning ofthe year 13,946 11,164
Cash &cash equivalents at the end ofthe year 17,167 13,946
Cash &cash equivalents at the end ofthe year comprise:
Cash at bank 8 in hand 17,167 13,946
17,167 13,946

those cast s t
 hat are directly atbibutable
 hat are directly atbibutable
 to acquisition
and construcfian
up to the		 to acquisition
and construcfian
up to the		 date af comp letian.
Properties in the course of construction are not depreciated.
Depreciation is charged on major components
soas ta write down the cost ofthe		 components to their estimated
residual value an a straight-line basis over their estimated useful lives as folbws:
Freehold
Land		 indefinite Structure 100years
Rtched Roof M years Flat Roof 2D years
Windows 40years Boilers 15years
Bathrooms 20 yeani Kitchens 15years
Wiring 30years Fire Systems 10years
af any replaced
component
or part compone
t af repairs is charged to operating
expenses
In
tangible
fixed assets
fixed assets are stated at cost less depreciation.
ed economic
lives ofthe assets at the following		 nt
is derecognise
the statement
af
Depreciation
is c
annual rates:
Office premises
Motor vehides 25oA
Plant & machinery 25%
Furniture 25yv
Computer,
IT&other oIce equipment		 33.3%
Camputer
solhvare		 10%v

3.Particul ars oftur nover,
ope		 rating
exp		 enditure
and		 operating surplus
I(d		 eficit)
Group 2022 2021
Ops roti ng Operating
Operating Surplus Operating Surplus
Turnover expenditure (Deficit) Turnover expenditure (Deficit)
0000 8000 0000 8000 8000
Social housing
activities
Social housing
lettings		 (note 4) 7.314 886 8,713 7,138 1,575
Other social housing activities
Supporting people contract
income 15,599 16,533 (934) 15,371 16,141 (770)
23,799 23,847 (48) 24,084 23,279 805
Activities other than social
housing
activities
Registered nursing
horne lettings		 513 512 1 924 1,590 (666)
Crisis Houses 2,691 2,720 (29) 1,610 1,702 (92)
Community based projects 20,D49 18,039 201D 18,222 17,476 746
Leased tc third party providers 143 24 119 237 7 23D
Other 362 632 (270) 190 858 (666)
23,758 21,927 1,831 21,183 21,631 (448)
TOTAL 47,557 45,774 1,783 45,257 44,910 357
Surplus
on
assets		 disposals offixed 151
COVIO-19 Job Retention
Scheme Income
Operating surplus 1,938 1,085

3.Isartlcul ars oft ur nover,
ope		 rating
exp		 enditure
and		 operating
 surplus I(d eficit) (conti nued)
Company 2022 2021
Operating Operating
Operating Surplus Operating Surplus
Turnover expenditure (Deficit) Turnover expenditure (Deficit)
6000 6000 8000 6000 8000 6000
Social housing
activities
Social housing
lettings
(nofe 4)		 8.200 7.314 886 8,713 7,138 1,575
Other social housing activities
Supporting people oontract
income 15,599 16,533 (934) 15,371 16,141 (770)
23,799 23,847 (48) 24,084 23,279 80$
Non~cial housing activities
Registered nursing horne lettings 513 512 1 924 1,590 (686)
Crisis Houses 2,691 2,720 (29) 1,610 1,702 (92)
Cornrnunity based projects 14,347 12,916 1,431 12,675 12,297 378
Leased to third party providers 143 24 119 237 7 230
Other 362 626 (264) 191 806 (615)
18,0$6 16,798 1,2$8 15,637 16,402 (765)
TOTAL 41,855 40,64$ 1,210 39,721 39,681 40
Surplus
on
assets		 dispossls offixed 151
COVID-19 Job Retention
Scheme Income		 187
Operating surplus

GROUP AND COMPAN Y
2022 2021
Supported
housing		 Total Total
8000 8000
Rent receivable net of servioe charges 3,977 4,322
Service charge income 4.125 4,293
Net rental income 8,102 8,615
Government
grants taken to		 income
Amortised
government		 grants
Turnover from social housing lettings 8,200 8,713
Operating
expenditure
Housing
management		 1.209 1,110
Service charge cost 2.280 2,278
Routine maintenance 212 91
Ranned
maintenanos		 68
Major repairs expenditure 520 724
Bad debts 576 342
Property lease charges 2,062 2,088
Depreciation ofhousing
properties
fixtures, fittings and equipment		 and associated 401 437
Operating
expenditure
lettings		 on social housing 7,314 7,138
Surplus on social housing
(as per note 3)		 leffings 1,575
Void lasses (deducted from rent above) 1,101

2022 2022 2021 2021 2021
Group Corapany Group Company
ROOO ROOO ROOO ROOO
Rents due within ane year 127 127 121 121
Rents due between ane and five years 46 46 81 81
Rents due after five years
Total 173 173 202 202
6. Key management emoluments
The emoluments
ofthe		 directors i key management were as follows:
The emoluments
of		 the directors i key 2022 2022 2021 2021
management
were		 as follows: Group Company Group Company
ROOO ROOO ROOO ROOO
Emoluments
(including		 pension contributions and
benefits in kind)
Executive staff 624 565 611 553
Non-executive
directors		 64 64 64 64
600 620 675 617
Ernpktyers'
national		 insurance 83 76 72 65
771 706 747 602
Emoluments
paiid to		 the highest paid Director
(Errarudtng
penalan
Canirlbutlan,		 inCiudlng benetitS ln 125 126
kind&
Pension contributions for the highest paid director
The Group
Chief Executive		 is an ordinary member of the Group's defined contributian pension scheme. No
special terms apply.
2022 2022 2021 2021
Group Company Group Coin pany
ROOO ROOO ROOO ROOO
Directors' ernolurnents, as defined by the
Companies
Act 2006

2022 2022 2021 2021
Full time equivalents Group Company Group Company
No. No. No. No.
Offfoe Staff 12D 1D8 115 106
Service Staff 1,007 661 977 638
Total staff 1,127 1,092
2022 2022 2021 202 1
Actual employees Group Company Group Company
No. No. No. No.
Office staff 124 113 119 109
Service staff 1,051 917 1,263 1,106
Total staff 1,175 1,030 1,362 1,217
2022 2022 2021 2021
Group Company Group Company
6000 8)00 6000 8)00
Wages and salaries 26,767 23,229 26,788 23,119
Redundancy
cosh		 101 1D1 116 116
Social security costs 2,231 1,945 2.165 1.666
Other pension costs 1.204 1.000 1,156 953
Total 30,303 26,275 30,225 26,056

,


muneration
(including
pensions) ofover 660.		 ,

000:
2022 2022 2021 2021
Group Company Group Company
Staff remuneration
bandings		 No, No. No, No.
f130,001 to L'140,000 1 1 1 1
2110,001 to L'120,000
L100.001 to L1t0,000
f9D,001 to6100,000
Ql0,001 to690,000
670,001 to L'80,000
f.60,001 to670,0DD
Total staff
Pension costs are analysed as follows: are analysed as follows: are analysed as follows:
2022 2022 2021 2021
Group Company Group Company
ROOD RDOO RODO ROOD
Defined contribudon schemes, induding
contributions to state schemes accounted for as 1,162 812 1,093 890
defined
oontribution		 pension schemes
Defined benefit schemes —current service costs 88 88 63 63
1,250 tAfitfi 1,155 953

d updated at 31 Mar
sed on the following		 ch 2022 by a qualified actuary. Adjustm
assumptions:		 ents
to the valuation at that dat		 e have been made
2022 2021
%per annum %per annum
Inflation 3.60 3.20
Salary increases 3.60 3.20
Rate ofdiscount 2.80 2.2D
Pension
in payment		 increases - pre 97accrual 3.60 3.20
Pension
in payment		 increases - post 97accrual 3.60 3.20
Revaluation
rate for		 deferred pensioners —RPI 3.60 3.20
Revaluation
rate for		 deferred pensioners —CPI 3.10 2.6D
Expected return on assets 2.80 2.20
Mortality
assumptions:		 Years
Longevfty at age 65 forcunenf pensioners
Men 22.2 22.1
Women 23.9 23.8
Longevity at age 65 for fukire pensfoners
Men 23,5 23.4
Women 25.4 25.4

Assets Liabilities Total
8000 5000 8000
At April 2020 8,572 (7,383) 1,189
Benefits paid (100) 100
Employer
contributions		 34
Employees'
contributions		 11 (11)
Currant service cost (63) (63)
Interest Income I (expanse) (170) (170)
Actuarial
losses:
Return on plan assets exdvding interest income 197 197
Actuarial gains /(losses) 1,335 (1,315) 20
Al 31March 2021 10,049 (8,842) 1,207
Benefits paid (82) 82
Employer
contributions		 25 25
Employees
Contributions		 8 (8)
Current service cost (88) (88)
Interest income f (expense) (195) (195)
Actuarial losses:
Return on plan assets exduding interest income 221 221
Actuarial gains f(losses) 313 617
At 31March 2022 10,534 (8,747) 1,787
Unrecog nised deficit (1,303)
Net assets at 31March 2022

mounts
leca9nised		 in income a nd expendi ture are as follows:
2022 2021
8000 6000
Current service costs 88 63
Financia
I income		 (11 (10)
Total 53
mounts
recognised		 in other comprehensive income are as follows:
2022 2021
8000 8)00
Return an plan assets excluding interest 313 1,335
Experience gains and lasses arising on plan liabilities (72) 83
Effects ofchanges in assumptions affecting plan liabilities 376 (1,398)
Effects ofchanges
recoverable		 in the amounts ofthe surplus that is not (619) 89
Total (2) 109

2022 2021
8000 DIOD
Equities 546 881
Diversified Growth Funds 4,669 6,709
Liability Driven Investment 5,318 2,459
Cash 1
Tatal 10,534 10,049
9. Interest receivable and financial income
2022 2022 2021 2021
Group Company Group Company
fi000 6000 fi000 6000
Interest receivable on deposits 12 9 5 4
Listed investment
income		 125 125 141 141
Net return
an post-employment		 benefits 11 11 10 10
Total 145 156 155
1Q. Interest and financing costs
2022 2022 2021 2021
Group Company Group Company
fi000 6000 fi000 6000
Recycled capital grant fund interest 0.1 0.1 0.2 0.2
11. Surplus for the year
2022 2022 2021 2021
Group Company Group Company
fi000 fi000 fi000 ROOD
Deprecietian
end impairment
owned fixed assets		 oftangible 1,147 1,084 1,200 1,126
Auditor's
remuneration:
(Exduding		 VAT)
Audit of Group Annual
Accounts		 62 59
Audit of Group Subsidiary Accounts 15 15
Operating
Leases
Receivabkrs
fram nan-cancefiable
leases		 opershng 127 127 121 121
Payments
under nan-cancefiable
leases		 operating 415 415 369
Rents payable
under property		 licenses 2,101 1,996 2,291 2,156
I
n
I		 I fhx
Net proceeds fram the sale af fixed assets 407 407 1,190 1,190
Less: net book value ofassets said (256) (256) (757) (757)
Less: capital grant recycled
Total surplus
on disposal		 1st 151 433 433

. Housing
and other pro		 pertie s
used for s		 ocial purpo ses
Social
Housing
Properties		 Nursing
Homes		 Crisis
Houses		 Day I
Garden
Centres'		 Total
GROUP 6800 f000 f000 f080 f000
Cost:
At 1 April 2021 23,983 1,150 2,703 951 28,887
Additions:
existing properties		 231 231
Additions: components 135 135
Disposals: components (363) (363)
Al 31March 2022 23,906 1,1M 2,793 951
Depreciation:
At 1 April 2021 4,090 227 103 41 4,466
Charge for the year 315 11 10 372
Disposals: components (86) (85)
Al 31March 2022 4,325 238 138 51 4,753
Net Book Value
At 31 March 2022 10,001 922 2,054 900 24,137
At 31 March 2021 19,888 933 2,690 910 24,421
COMPANY f000 f000 fMO fOM f000
Cost:
At 1 April 2021 21,820 1,160 2,793 951 26,732
Additions:
existing properties
Additions: components 135 135
Disposals
During the year		 (339) (339)
At 31March 2022 21,624 1,160 2,793 951 26,520
Depreciation:
At 1 April 2021 3,701 103 41 4,072
Charge for the year 315 36 10 372
Disposals
During the year		 (73) (73)
Al 31March 2022 139 51 4,371
Net Book Value 17,681 922 2,654 900 22,157
At 31 March 2022
At 31 March 2021 18,127 933 2,690 910 22,660
Housing
and other properties		 used for
social purposes
at cost comprise:		 2022 2022 2021 2021
Group Company Group Company
Net book value f000 6OM 6000 fMO
Freehold 18,976 16,996 19,083 17,322
Long Leasehold 685 685 804 804
19,661 17,681 19,887 18,126

. Other tangible fixed a ssets
Freehold
Office
Premises		 Leasehold
Office
Premises		 Motor
Vehicles		 Information
Systems		 Fixtures,
Fittings
tk
Equipment		 Total
GROUP 6000 6000 6000
Cost
At 1 April 2021 2,809 72 4,035 1,030 8,932
Additions
in year		 1,060 1,060
Disposals
during the year
At 31March 2022 2,809 985 72 5,096 1,030 9,992
Depreciation
At 1 April 2021 492 366 61 1,754 914 3,507
Charge for the Year 21 8 3 652 75 759
Oisposals
during the year
Al 31March 2022 513 374 64 2W0 989 4,346
Net Book Value
At 31March 2022 2,296 611 8 2,690 41 5,646
At 31March 2021 2,317 619 11 2,282 116 5,345
Freehold
Office
Premises		 Leasehold
Office
Premises		 Motor
Vehicles		 Information
Systems		 Fixtures,
Filtings tt
Equipment		 Total
COMPANY 6000 6000 6000
Cost
At 1 April 2021 2,219 492 66 3,609 067 7,333
Additions
in year		 968 61 1,029
Disposals
during the year
At 31March 2022 2,219 65 4,$57 928 8,362
Depreciation
At 1 April 2021 371 81 55 t,l601 756 2,844
Charge for the year 18 5 3 602 70 698
Disposals
At 31March 2022		 6$ 58 2,203 8263,542
Net Book Value
At 31March 2022 i,030 426 8 2484 102 4,820
At 31March 2021 11 2,088 4,469
14. Inventories 14. Inventories 14. Inventories
2022 2022 2021 2021
Group
f000		 Company
f000		 Group
f000		 Company
f000
Consumables 169 167 129 128
16. Trade and other receivables
2022 2022 2021 2021
Group Company Group Company
fMO f000 fMs f000
Trade debtors 4,685 4,191 5,689 5,122
Less: Provision for bad debts (1,247) (1,212) (806) (806)
3,438 2,979 4,883 4,310
Prepayments &accrued income 2,971 2,891 1,562 1,493
Amounts
due		 from subsidiary undertaking 1 13
Other Debtors 12 11 12 11
6,421 5,882 6,457 5,833
16. Current asset investments
2022 2022 2021 2021
Group Company Group Company
f000 f000 f000 f000
Investments
exchange		 listed on recognised stock 4,002 4,002 3,798 3,798
Al 31March 2022 4,002 4,002 3,798 3,798

7. Creditors: A mounts
falling due within one		 year
2022 2022 2021 2021
Group Company Group Company
f000 f000 f000 f000
Trade creditors 1,761 1,719 726 707
Other creditors 177 150 253 226
Accruals 8 deferred income 3,958 3,221 3,768 3,281
PAYE, taxes 8 social security costs 691 611 607 532
Social housing grants (Note 20) 97 97 97 97
Other government grants (Note 20) 18 18 18 18
Recyded Capital Grants Fund (RCGF) (Note 19) 814 814 814 814
7,516 ll,830 6,283 5,075

8. C reditors: A mounts
falling due after		 more than one y ear
2022 2022 2021 2021
Group
f000		 Company
fDQO		 Group
f000		 Company
fDOO
Social housing grants (Note 20) 6,851 6,851 6,918 6,918
Other government grants (Note 20) 861 861 912 912
Total 7,712 7,712 7,830 7,830

0. Recy cled capit al grant fund — Group and Company
2022 2021 2022 2021 2022 2021
RSH RSH GLA GLA Total Total
fDOD fDOD f000 fDQO f000 f000
Balance et 1 April 2021 470 470 344 371 814
Recyclsd on property
disposal
Repayments (27) (27)
Interest
Balance at 31 March 2022 470 470 814 814
Amounts repayable
within one year		 470 470 814 e14
Amounts due over 1 year
Total 470 470 814 814

e total grant s reoeived
by the Group
in respect of ow		 ned property are as follows:
2022 2022 2021 2021
Group Company Group Company
6000 6000 f000 f000
Grants credited to Income &Expenditure 3,249 3,249 3,119 3.119
Deferred grants (Notes 17 &18)—Social Housing
Grants 6,948 6,948 7,045 7,045
Deferred grants (Notes 17&18)—Other
Government Grants 879 879 912 912
Total 11,076 11,076 11,076 11,076

21. Transfers between res erve s
2022 2022 2021 2021
Group Company Group Company
6000 6000 6600 6000
Movement
in		 restricted funds
Net (income)
the year		 / expenditure
of restricted		 funds for (649) «,227) 823 397
Restricted reserves formerly
Croftlands
Trust		 held by CAN and (187) (187) (488) (488)
Re-gifted donation
to Isle of		 Wight «93) (193)
Movement
in		 restricted
funds		 (836) (1814) 142 (284)
Movemant
In designated
funds
Transfer tc f (from) maintenance fund «98) (198)
«98) «98)
Movement
in		 revaluation
reserve
Net revaluation (loss) fgain 204 204 630 630
Movement
in		 pension scheme reserve
Net movement
asset		 in recognised pension scheme (52) (52) «9) «9)
Total transfer to ffrom general fund (684) «,262) 555 129
22. Resbicted reserves
2022 2022 2021 2021
Group Company Group Company
6000 6000 6000 6000
Mental
illness
(formerly
held		 services to be
by Croftlands		 provided
Trust)		 in Curnbria 1,736 1,736 1,776 1,776
Aicohcf, drugs and garnbfbg Services
- Held by Aquarius
Actbn		 projects 4,703 4,125
-Other (formerly
held by		 CAN) 811 611 758 758
Sundry 16 16 16 16
BIG Lottery 29 29 29 29
Employment
services		 1,057 1,057
Other smafi items 170 170
7,095 2,392 7,931 3,806

.Designated
reserves
2022 2022 2021 2021
Group Company Group Company
8000 8000 8000 CIOQ
Maintenance 184 184

e Group is expected to make the fo
ases:		 llowing
future
rninimvrn
l		 ease payments
vnd		 er non-csncefiab le
operating
2022 2022 2021 2021
Group Company Group Company
0000 0000 0000 8000
Within one year 476 426 428 385
Two to five years 255 254 213 212
More than five years 466 466 473 473
1,197 1,146 1,114 1,070

e number

lows:		 ofthe different
types of acoo		 mmodation
managed
by the Group at		 mmodation
managed
by the Group at		 the end of the year was a
2022 2021
Owned Managed Owned Managed
No. No. No. No.
Social Housing
Supported Housing 275 402 264 399
Residential Care Homes 67 26 79 26
Total Units In Management 342 420

As at the y ear end. the Group's financial instruments
w		 ere as follow s:
2022 2022 2021 2021
Group Company Group Company
BIM BIM BIM f000
Financial assets held at fair value 4,D02 4,D02 3,798 3,798
inc!udedin profit snd loss are the following amounts:
2022 2022 2021 2021
Group
f000		 Company
f000		 Group
f000		 Company
f000
Interest income on financial
amortised
cost		 assets held at 12 9
Interest expense on financial liabilities held at
cost
Income from assets held at
profit and loss		 fair value through 145 145 156 155
Change
through		 in value ofassets held at fair
profit and loss		 value 204 204 830 630

ring
the
year
the
fa
mpanies:		 llowing
transactions
took plac		 e
between
Richmond		 Fellowship
Overhead
recharges		 from the charity to: 2022 2021
BIOO BIOO
To Aquarius
Action Projects		 297 296
From Aquarius Action Projects (34) (66)
Total 203
30. Reconciliation ofsurplus for the year to net for the year to net cash generated from operating activities
2022 2021
6600 6600
Surplus for the year 2,290 1,871
Movement
on fair value of investments		 (204) (630)
(Surplus) on disposal offixed assets (151) (433)
Net Interest (received) (148) (156)
Operating
surplus		 1,787 652
Deprtx;iation
and impairment		 charges 1,147 1,252
pension
net service ooet		 63
Movement
in debtors		 289
Movement
in creditors		 1,114 1,219
Movement
in inventories		 (41) (13)
Net cash inflow from operating activities 4,166 3328