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|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|
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||||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|
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|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|
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||||||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|
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|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||
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|||||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||
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|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|
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|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|
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|||||2020|2019|
|---|---|---|---|---|---|
|Office||||1||
|Wardens,|caretakers|and|cleaners|10||
||||||10|
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|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|
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||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|
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||||||||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|
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||||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|
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|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|