| Pages | ||||
|---|---|---|---|---|
| Company information |
||||
| Strategic report | 2 —3 | |||
| Directors' report | 4 —5 | |||
| Statement ofdirectors' | responsibilities | and internal | controls | 6—7 |
| Auditor* s report | 8 —11 | |||
| Income and expenditure | account | 12 | ||
| Balance sheet | 13 | |||
| Cash flow statement | 14 | |||
| Notes on financial statements | 15-26 |
| 31March 2022 | ||||||
|---|---|---|---|---|---|---|
| Registered | Company | Number | 00560870 | |||
| Registered | Charity Number | 210443 | ||||
| Registered | Social Landlord | H1720 | ||||
| Vice-Presidents | PHinton | |||||
| Directors | M Barker | |||||
| IJohnson | ||||||
| W Lawlor | ||||||
| M Compton-Rickett | ||||||
| SAbrams | ||||||
| JPrice | ||||||
| RSpowart | ||||||
| M. Farrah | (Appointed | 24/01/2022) | ||||
| LDouglas | (Resigned | 13/09/2021) | ||||
| Revd M Montrose | ||||||
| BRouse | ||||||
| C White | ||||||
| Secretary | and Chief Executive | EMcNeil | ||||
| Registered | Office and | 15Leeds Street | ||||
| Principal | Place ofBusiness | Liverpool | ||||
| L3 6HU | ||||||
| Bankers | Barclays Bank PLC | |||||
| 48B6t 50Lord Street | ||||||
| Liverpool | ||||||
| L2 ITD | ||||||
| HSBC UK Bank pic | ||||||
| 99-101Lord | Street | |||||
| Liverpool | ||||||
| L26PG | ||||||
| Solicitors | Weightmans | LLP | ||||
| The Plaza | ||||||
| 100Old Hall | Sheet | |||||
| Liverpool | ||||||
| L3 9QJ | ||||||
| Auditors | Cowgill Holloway LLP | |||||
| Regency House | ||||||
| 45-53 Chorley New | Road | |||||
| Bolton | ||||||
| BL14QR |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Turnover | 2,3 | 8,867,681 | 6,422,619 | |||
| Operating | costs | (8,604,927) | (6,315,372) | |||
| Operating | surplus | 262,754 | 107,247 | |||
| Interest receivable and other | income | 56 | 220 | |||
| Surplus after exceptional |
and ordinary | activities | ||||
| before and | after taxation | 262,810 | 107,467 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | K | |||||
| Fixed assets | ||||||
| Housing properdes | —depreciated | cost | 8 | 6,999,737 | 7,092,650 | |
| Less: Social housing grant |
(3,100,000) | (3,100,000) | ||||
| Other grants | (842,931) | (842,931) | ||||
| 3,056,806 | 3,149,719 | |||||
| Other fixed assets | 357,996 | 244,550 | ||||
| 3,414,802 | 3,394,269 | |||||
| Current assets | ||||||
| Debtors | 9 | 1,098,291 | 355,830 | |||
| Cash at bank and in | hand | 1,913,861 | 1,968,517 | |||
| 3,012,152 | 2,234,217 | |||||
| Creditors: amounts | falling due | |||||
| within one year | 10 | (2,145,869) | (1,684,231) | |||
| Net current assets | 866,283 | 640,116 | ||||
| Pension Deficit | (77,849) | (93,959) | ||||
| Net assets | 4,203,236 | 3,940,426 | ||||
| Capital and reserves | ||||||
| Called up share capital | 13 | |||||
| Revenue reserves | 14 | 4,203,236 | 3,940,426 | |||
| Total funds | 15 | 4,203,236 | 3,940,426 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Cash generated by operating |
activities | 20 | 189,794 | 1,556,987 | |||
| Cash flows from investing | activities | ||||||
| Sale oftangible assets | |||||||
| Purchase oftangible fixed | assets | (244,506) | (109,065) | ||||
| Interest received | 56 | 220 | |||||
| Cash (used in) investing | activities | (244,450) | (108,845) | ||||
| (Decrease)/Increase in cash |
and cash equivalents | in | (54,656) | 1,448, 142 | |||
| the year | |||||||
| Cash and cash equivalents | at the beginning | of | the | 1,968,517 | 520,375 | ||
| year | |||||||
| Total cash and cash equivalents at the end of |
the year | 1,913,861 | 1,968,517 |
| Other fixed assets | ||
|---|---|---|
| The following rates apply: |
||
| Fixtures and fittings | 10-33%per annum | on cost |
| Computer equipment |
33%per annum on | cost |
| Motor vehicle | 25%per annum on | cost |
| urnover | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Turnover comprises: |
|||
| Residents' charges (see note 3) |
4,244,335 | 2,589,222 | |
| Government grants —Supporting |
People income | 847,179 | 871,617 |
| Sundry income | 3,758,034 | 2,953,197 | |
| Appeal donations | 18,133 | 8,583 | |
| 8,867,681 | 6,422,619 |
| Rent | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Rent charges receivable | 1,273,296 | 776,766 | |||
| Service charges receivable | 2,971,039 | 1,812,456 | |||
| 4,244,335 | 2,589,222 | ||||
| Rental income relates to 52weeks (2021:52weeks). | |||||
| Particulars | ofturnover, | operating | costs and operating | surplus | |
| Operating | Operating | ||||
| Turnover | costs | surplus | |||
| 2022 | |||||
| Supported | housing | 8,867,681 | (8,604,927) | 262,754 | |
| 2021 | |||||
| Supported | housing | 6,422,619 | (6,315,372) | 107,247 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Costs | ofgenerating | funds | ||
| Cost | ofcharitable | activities | (8,604,927) | (6,315,372) |
| Total | (8,604,927) | (6,315,372) |
| . Particula |
rs ofincome and expenditure from soc |
ial housing lettings |
|
|---|---|---|---|
| 2022 | 2021 | ||
| Supported | Supported | ||
| housing | housing | ||
| Rent receivable | net ofvoids | ||
| and identifiable | service charges | 1,273,296 | 776,766 |
| Service income | 2,971,039 | 1,812,456 | |
| Turnover from |
social housing | ||
| lettings | 4,244,335 | 2,589,222 | |
| Government grants |
847,179 | 871,617 | |
| Sundry income | 3,758,034 | 2,953,197 | |
| Appeals donations |
18,133 | 8,583 | |
| Total Income | 8,867,681 | 6,422,619 | |
| Expenditure | |||
| Supporting people salaries |
(884,114) | (876,722) | |
| General salaries | (3,533,849) | (2,668,300) | |
| Other operating | costs | (4,186,964) | (2,770,350) |
| Total Expenditure | (8,604,927) | (6,315,372) | |
| Operating Surplus |
262,754 | 107,247 | |
| Voids losses | (190,995) | (116,515) |
| perating | surplus 31March 2022 (Continued) |
||
|---|---|---|---|
| 2022 | 2021 | ||
| This is stated after charging the following: | |||
| Depreciadon —Tangible fixed assets | 223,973 | 212,996 | |
| Auditor's | remuneration —in their capacity as auditors |
6,700 | 6,700 |
| Auditor's | remuneration —non audit capacity |
375 | |
| Operating | leases —Equipment | 36,813 | 28,511 |
| Operating | leases —Property | 1,483,907 | 690,878 |
| Staffcosts | |||||
|---|---|---|---|---|---|
| Aggregate amounts |
for staff paid in respect | of: | |||
| Wages and salaries | 3,958,447 | 3,177,646 | |||
| Social security costs | 334,144 | 263,627 | |||
| Pension costs | 125,372 | 103,749 | |||
| 4,417,963 | 3,545,022 | ||||
| Number | Number | ||||
| The average monthly | number ofemployees | (full-time | equivalents) | ||
| employed during the year was as follows: |
|||||
| Administration | 15 | 10 | |||
| Housing | 44 | 38 | |||
| Support | 84 | 66 | |||
| Nursery | 12 | 12 | |||
| 155 | 126 |
| 8 | Fixed assets - Tangible | Fixed assets - Tangible | |||||
|---|---|---|---|---|---|---|---|
| At | At 31 | ||||||
| 1April | March 2022 | ||||||
| 2021 | Additions | Disposals | Transfers | ||||
| Cost orvaluation | K | 8 | |||||
| Freehold property | 7,977,563 | 7,977,563 | |||||
| Fixtures and fittings | 1,363,252 | 210,789 | 1,574,041 | ||||
| Computer equipment |
109,726 | 33,717 | 143,443 | ||||
| Motor vehicles | 10,495 | 10,495 | |||||
| Total | 9,461,036 | 244,506 | 9,705,542 | ||||
| At | At 31March | ||||||
| 1April | 2022 | ||||||
| 2021 | A.dditions | Disposals | Transfers | ||||
| Other grant | |||||||
| Futures project funding | (228,962) | (228,962) | |||||
| Empty Homes project funding | (334,081) | (334,081) | |||||
| Our House property | donation | (279,888) | (279,888) | ||||
| (842,931) | (842,931) | ||||||
| Social Housing grant | |||||||
| Leeds Street | (3,100,000) | (3,100,000) | |||||
| At | At | ||||||
| 1April | Charged | 31March | |||||
| 2021 | in year | Disposals | Transfers | 2022 | |||
| Depreciation | |||||||
| Freehold property | (884,913) | (92,913) | (977,826) | ||||
| Fixtures and fittings |
(1,141,345) | (113,416) | (1,254,761) | ||||
| Computer equipment |
(87,083) | (17,644) | (104,727) | ||||
| Motor vehicles | (10,495) | (10,495) | |||||
| Total | (2,123,836) | (223,973) | (2,347,809) | ||||
| At | At | ||||||
| 1April | 31March | ||||||
| 2021 | 2022 | ||||||
| Net book value | |||||||
| Freehold property | 3,149,719 | 3,056,806 | |||||
| Fixtures and fittings | 221,907 | 319,280 | |||||
| Computer equipment |
22,643 | 38,716 | |||||
| Motor vehicles | |||||||
| Total | 3,394,269 | 3,414,802 |
| 9 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts falling due within |
one year | |||||
| Rental debtors | 274,243 | 58,182 | ||||
| Less provision for unpaid | rent | charges | ||||
| Other debtors | 538,028 | 98,503 | ||||
| Prepayments | 225,491 | 138,616 | ||||
| Amounts falling due after more than one year |
||||||
| Other debtors | 60,529 | 60,529 | ||||
| 1,098,291 | 355,830 | |||||
| 10 | Creditors: amounts falling |
due within | one year | |||
| 2022 | 2021 | |||||
| g | ||||||
| Trade creditors | 70,472 | 43,899 | ||||
| Other creditors | 52,524 | 36,568 | ||||
| Accroals and deferred income | (see note 12) | 1,931,147 | 1,600,486 | |||
| VAT and social security costs | 91,726 | 3,278 | ||||
| 2,145,869 | 1,684,231 |
| he pensio | n deficit has been classified as follows: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Amounts | due within one year | 16,110 | 19,329 |
| (included | within other creditors) | ||
| Amounts | due after one year | 77,849 | 93,959 |
| 93,959 | 113,288 |
| Accruals and deferred incom | e | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Deferred income at 1 April | 1,422,459 | 291,017 | |||
| Grant income received in the | year | 2,430,293 | 1,630,771 | ||
| Grant expended in the year |
(2,156,972) | (499,239) | |||
| Deferred income at 31March | 1,695,870 | 1,422,549 | |||
| Accruals | 235,277 | 177,937 | |||
| 1,931,147 | 1,600,486 | ||||
| Deferred Income | |||||
| At | Grant | At | |||
| IA.pril | Income | Grant | 31March | ||
| 2021 | Received | Expended | 2022 | ||
| Cost or valuation | |||||
| Mainstay project funding Merseyside Police funding |
39,166 15,000 |
175,481 | (199,928) (11,444) |
14,719 3,556 |
|
| Dutch Farm funding | 41,568 | 70,000 | (30,564) | 81,004 | |
| YMCA supporter donation |
20,111 | 20,111 | |||
| Rehab service advance funding | 1,038,588 | 860,181 | (964,338) | 934,431 | |
| Homeless housing advance funding |
935,507 | (442,221) | 493,286 | ||
| Domestic violence dispersed | funding | 225,634 | (151,184) | 74,450 | |
| Southport nursery advance funding |
42,482 | 45,476 | (42,482) | 45,476 | |
| Rough Sleeper initiative | 343,648 | (314,811) | 28,837 | ||
| Total | 1,422,549 | 2,430,293 | (2,156,972) | 1,695,870 |
| Revenue reserves | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| At 1 April | 3,940,426 | 3,832,959 | ||
| Surplus for the year | 262,810 | 107,467 | ||
| At 31March | 4,203,236 | 3,940,426 | ||
| Reconciliation ofmovements | in members' | funds | ||
| 2022 | 2021 | |||
| Total funds as at 1 April | 3,940,426 | 3,832,959 | ||
| Surplus for the year | 262,810 | 107,467 | ||
| Total funds as at 31March | 4,203,236 | 3,940,426 |
| payments under |
non-cancellable operating leases, w |
hich fall due as follows: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Expiring within | 1year | 33,859 | 30,099 |
| Expiring between 2 —5 years | 48,722 | 67,541 | |
| 82,581 | 97,640 | ||
| Property leases | |||
| 2022 | 2021 | ||
| Expiring within | 1year | 411,198 | 422,207 |
| Expiring between 2 —5years | 819,215 | 937,414 | |
| Over 5years | 413,400 | 413,400 | |
| 1,643,813 | 1,773,021 |
| Bedspaces | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number | Number | |||
| Under management | at the end of | the year: | ||
| Temporary move-on |
accommodation | 147 | 69 | |
| Support contract accommodation | 121 | 121 | ||
| Rehabilitation units |
58 | 50 | ||
| Refuge accommodation | 27 | 21 | ||
| Stepping Stones accommodation | 6 | 6 | ||
| Total | 359 | 267 | ||
| Reconciliation ofnet movement |
in funds to net cash Bow from operating | activities | ||
| 2022 | 2021 | |||
| Net movement in funds |
246,700 | 88,138 | ||
| Depreciation charges |
223,973 | 212,996 | ||
| Interest receivable | (56) | (220) | ||
| (Increase)/Decrease | in debtors | (742,461) | 89,787 | |
| Increase in creditors | 461,638 | 1,166,286 | ||
| Net cash generated | by operating | activities | 189,794 | 1,556,987 |