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|||||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||||
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||||||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|
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|||||||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|
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|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|
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|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|
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|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)|
##
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|.
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)|
##
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|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|
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|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|
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
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