2020-09-30-accounts

Officers and Professional Advisers
The Trustees' Report (including Directors'		Report)
Independent Auditor's Report to the Trustees
Statement of Financial Activities	(including		Income and Expenditure	Account)
Balance Sheet					10
Statement ofCash Flows
Notes to the Financial Statements					12

The	following pages	do not form	part ofthe	financial statements:	financial statements:
	Summary	ofResults						22
	Tottington	Road:	Detailed	Income and	Expenditure	Account		23
			Notes to	the Detailed	Income and	Expenditure	Account	24
	Turks Road:		Detailed	Income and	Expenditure	Account		25
			Notes to	the Detailed	Income and	Expenditure	Account	26

			Note	Unrestricted	Restricted	Year Ended	Year Ended
				Fund	Fund	30/09/2020	30/09/2019
INCOME AND EXPENDITURE
Income
Donations and legacies			3		100,000	100,000	1,140
Investment income			12	3,135		3,135	1,920
Income from charitable	activities		4	417,073		417,073	382,798
Miscellaneous income			5	8,283		8,283	1,172
Total Income				428,491	100,000	528,491	387,030
Expenditure
Charitable activities				383,023	7,776	390,799	372,551
Total Expenditure				383,023	7,776	390,799	372,551
Net Income/(Expenditure)		for the
Year Before Transfers				45,468	92,224	137,692	14,479
Transfers between funds
Net movement in funds				45,468	92,224	137,692	14,479
Revaluation reserve
Fund balances brought	forward
at 1 October 2019				1,620,067		1,620,067	1,605,588
Fund balances carried	forward		19
at 30September 2020				1,665,535	92,224	1,757,759	1,620,067

YEAR ENDED 3	0SEP	TEMBER2020
			Note		2020			2019
FIXEDASSETS
Housing properties			14			1,738,614		1,788,561
Less: Housing Association		grant	14			~991,667		~991,667
						746,947		796,894
Other fixed assets			15			258,760		79,074
						1,005,707		875,968
CURRENT ASSETS
Debtors			16	12,871			13,562
Cash at bank and	in hand			766,748			759,000
				779,619			772,562
CREDITORS: Amounts		falling due
within one year			17	27,567			28,463
NET CURRENT ASSETS						752,052		744,099
TOTAL ASSETS	LESSCURRENT LIABILTIES					1,757,759		1,620,067
THE FUNDS OF THE CHARITY			19
Unrestricted fund						1,665,535		1,620,067
Restricted Fund						92,224
						1,757,759		1,620,067

					2020	2019
					f.
Cash flows from	operating	activities:
Net cash provided	by (used	in) operating		activities	200,237	13,211
Cash flows from	investing	activities:
Interest received					3,135	1,920
Purchase of property, plant		and equipment			(195,624)	(8,964)
Proceeds from the	sale offixed assets
Net cash provided	by (used	in) investing	activities		(192,489)	(7,044)
Cash flows from	financing	activities:
Net cash provided	by (used	in) financing	activities
Cash and cash equivalents		at 1 October	2019		759,000	752,833
Cash and cash equivalents		at 30September 2020			766,748	759,000
Reconciliation of	net movements in funds to net cash flow from
operating activities
Net movement in funds for the year ended				30 October 2020	137,692	14,479
Depreciation charges					65,885	61,365
Deduct interest income shown in investing				activities	(3,135)	(1,920)
Loss/(profit) on sale offixed		assets
(Increase)/decrease	in debtors				691	(693)
Increase/(decrease)	in creditors				896	60,020
Net cash provided	by (used	in) operating	activities		200,237	13,211
Analysis ofcash	and cash	equivalents
Cash in hand					766,748	759,000
					766,748	759,000

Improvements to Property	Improvements to Property	4%per annum	straight	line
Freehold	Buildings	4%per annum	straight	line
Fixtures	and Fittings	15%per annum	on the	reducing	balance
Computer	Equipment	25% per annum	straight	line

				Total Funds	Total	Funds
				2020		2019
	Gross rent receivable			455,153	449,358
	Less: Losses from voids			38,080	66,560
				417,073	382,798
				Units at	Units at
	Units in management			30/09/2020	30/09/2019
	Supported housing for older people			32		32
5.	MISCELLANEOUS INCOME
				Total Funds	Total	Funds
				2020		2019
	Miscellaneous income			8,283		1,172
				8,283		1,172
	In 2019 all categories of	income were wholly	unrestricted.	In 2020, the 6100,000 donation	was restricted	and a
	the remaining income was	unrestricted,
6.	CHARITABLE ACTIVITIES
				Total Funds	Total	Funds
				2020		2019
	Care and catering employee costs			135,150	123,179
	Employers Nl contributions			4,805		4,901
	Total pension costs			3,503		2,297
	Rates and water			10,288		13,578
	Light and heat			26,060		28,648
	Repairs and maintenance			59,681		64,293
	Food and other household	costs		38,854		35,124
	Telephone			3,054		3,596
	Printing, stationery and advertising			717		1,673
	Miscellaneous expenses			4,240		2,937
	Insurance			9,275		9,081
	Depreciation			65,885		61,364
	Bank charges and interest			375		406
	Governance costs (see note 7)			28,912		21,474
				390,799	372,551

7.	GOVERNANCE COSTS
		Total Funds	Total Funds
		2020	2019
	Audit and other services	9,084	8,145
	Legal and professional	13,563	10,257
	Affiliation fee	6,265	3,072
		28,912	21,474

			2020	2019
	Depreciation		65,885	61,364
	Auditors remuneration		9,000	8,100
9.	AUDITORS REMUNERATION
			2020	2019
			f.
	Fees payable to auditor for audit ofthe annual	accounts	9,000	8,100
	Fees payable to auditor for other services		84	45

EMPL	OYEE INFORMATION
		2020	2019
Wages	and salaries	135,150	123,179
Social	security costs	4,805	4,901
Other	pension costs	3,503	2,297
		143,458	130,377

				2020	2019
Office				1
Wardens,	caretakers	and	cleaners	10
					10

COST
At1 October 2019		2,300,186
Additions
Housing Association	grant	(991,667)
Disposals
At 30 September 2020		1,308,519
DEPRECIATION
At 1 October 2019		511,625
Charge for the year		49,947
At 30 September 2020		561,572
NET BOOK VALUE
At 30 September 2020		746,947
At 30 September 2019		796,894

	Housing properties	book value, net ofgrant and depreciation	book value, net ofgrant and depreciation	comprise:
				2020		2019
	Freehold land and buildings			746,947		796,894
15.	OTHER TANGIBLE	FIXEDASSETS
			Computer	Improvements	Fixtures &
			Equipment	to Property	Fittings	Total
	COST
	At1 October 2019		1,098	41,521	137,609	180,228
	Additions		175	194,399	1,050	195,624
	Disposals
	At 30 September 2020		1,273	235,920	138,659	375,852
	DEPRECIATION
	At 1 October 2019		548	3,167	97,439	101,154
	Charge for the year		318	9,437	6,183	15,938
	Depreciation on disposal
	At 30September 2020		866	12,604	103,622	117,092
	NET BOOK VALUE
	At 30September 2020		407	223,316	35,037	258,760
	At 30September 2019		550	38,354	40,170	79,074
	16. DEBTORS
				2020		2019
	Trade debtors			979		1,642
	Prepayments and accrued income			11,801		11,805
	Sundry debtors			91		115
				12,871		13,562

							2020		2019
Trade creditors							7,584		11,334
Other taxation	and social		security				2,036		1,894
Other creditors							1,045		3,059
Accruals and deferred		income					16,902		12,176
							27,567		28,463
18. COMPANY	LIMITED		BYGUARANTEE
							2020		2019
									f.
The number of	members,		each ofwhose	liability	is limited
to F1 at the year end was:							10		10
19. STATEMENT OF		FUNDS
			Brought	Income		Expenditure	Transfers	Revaluation	Carried
			Forward				InlOut	Reserve	Forward
			f.
Restricted fund				100,000		7,776			92,224
Unrestricted fund			1,620,067	428,491		383,023			1,665,535

			2020	2019
Capital expenditure	that has been authorised	by the trustees
but has not yet been	contracted for			150,000
Capital expenditure	that has been contracted	for but not yet
provided				5,000

inal bala	nces at 30September 2020 are re	presented by:-
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		E
Tangible	Fixed Assets	913,483	92,224	1,005,707
Current Current	Assets Liabilities	779,619 27,567		779,619 ~27,567
		1,665,535	92,224	1,757,759