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||||Page||
|---|---|---|---|---|
|Reference|and Administrative
Details||||
|Report of|the Trustees|2|to|7|
|Report of|the Independent
Auditors|8|to|11|
|Statement|ofComprehensive
Income||12||
|Statement|ofChanges
in Reserves||13||
|Statement|of Financial
Position||14||
|Statement|of Cash Flows||15||
|Notes to the Statement of Cash Flows|||16||
|Notes to the Financial Statements||17|to|25|
|TRUSTEES|B R Bunn||||||
|---|---|---|---|---|---|---|
||F Fay - Treasurer||||||
||D C Hogg||||||
||Mrs RJohnson||—Chairman||||
||Mrs J Stephens||||||
||CJennison||||||
||A Wood||||||
|SECRETARY|D C Hogg||||||
|REGISTERED OFFICE|44 Westfield|Drive|||||
||Loughborough||||||
||Leicestershire||||||
||LE113QL||||||
|REGISTERED COMPANY NUMBER|00754694 (England|||and Wales)|||
|REGISTERED CHARITY NUMBER|238168||||||
|SENIOR STATUTORY AUDITOR|Niall Kingsley||ACA||||
|AUDITORS|Duncan
& Toplis l.imited, Statutory|||||Auditor|
||3 Princes Court||||||
||Royal Way||||||
||Loughborough||||||
||Leicestershire||||||
||LE11SXR||||||
|SOLICITORS|Moss Solicitors||||||
||80-81Woodgate||||||
||Loughborough||||||
||Leicestershire||||||
||LE112XE||||||
|BANKERS|National
Westminster||||Bank pic||
||Market Place||||||
||Loughborough||||||
||Leicestershire||||||
||LE113NZ||||||
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Turnover|||||1,438,773|1,438,304|
|Cost ofsales|||||1215632|1151807|
|Gross surplus|||||223,141|286,497|
|Administrative|expenses||||(311,562)|(342,189)|
|Other operating|income||||42,845||
|Loss on disposal|of fixed assets||||(196,191)||
|Operating
surplus/(deficit)|||||(241,767)|(55,692)|
|Investment
income||||3|35,376|45,912|
|Other income|||||37,262|6,184|
|Movement
in fair value of financial|||instruments|6|217,914|(155,147)|
|TOTAL COMPREHENSIVE||INCOME|FOR THE YEAR||48,785|(158,743)|
##
|||Income and||
|---|---|---|---|
|||expenditure|Total|
|||reserve||
|||E||
|At 1April 2020||3,591,276|3,591,276|
|Surplus for financial|year|48,785|48,785|
|Total comprehensive|income|48,785|48,785|
|At 31March 2021||3,640,061|3,640,061|
##
|AT31MARCH 20|21|||||
|---|---|---|---|---|---|
|||||2021|2020|
||||Notes|E|f|
|FIXED ASSETS||||||
|Tangible assets|||9|2,545,727|2,569,755|
|Investments|||10|1,201,431|986,461|
|||||3,747,158|3,556,216|
|CURRENT ASSETS||||||
|Debtors||||22,259|37,240|
|Cash at bank and|in hand|||680,562|788,655|
|||||702,821|825,895|
|CREDITORS||||||
|Amounts
falling due within one year|||12|(171,774)|(143,437)|
|NET CURRENT ASSETS||||531,047|682,458|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||4,278,205|4,238,674|
|CREDITORS||||||
|Amounts
falling due after||more than one year|13|(638,144)|(647,398)|
|NET ASSETS||||3,640,061|3,591,276|
|CAPITAL AND RESERVES|||22|||
|Income and expenditure||reserve||3,640,061|3,591,276|
|||||3,640,061|3,591,276|
|||Notes|2021
E|2020
E|
|---|---|---|---|---|
|Cash flows from operating
activities|||||
|Cash generated
from operations|||50,386|140,994|
|Net cash provided
by/(used
in) operating||activities|50,386|140,994|
|Cash flows from investing
activities|||||
|Purchase oftangible
fixed assets
Sale of fixed asset investments
Interest received and similar income|||(234,061)
3,116
72,295|(139,531)
4,469
51,895|
|Net cash provided
by/(used
in) investing||activities|(158,650)|(83,167)|
|Change
in cash and cash equivalents|in the||||
|reporting
period|||(108,264)|57,827|
|Cash and cash equivalents
at the beginning
ofthe reporting
period||2|791,260|733,433|
|Cash and cash equivalents
at the end|of||||
|the reporting
period|||682,996|791,260|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Operating
surplus/(deficit)|||for the year|||||
|||||||(241,767)|(55,692)|
|Adjustments
for:||||||||
|Depreciation
charges||||||61,898|64,152|
|Loss on disposal of fixed||assets||||196,191|3,620|
|Movement
on deferred|capital grant|||||(9,254)|(9,254)|
|Decrease in debtors||||||14,981|108,902|
|Increase
in creditors||||||28,337|29,266|
|Net cash provided
by/(used|||in) operating|activities||50,386|140,994|
|ANALYSIS OF CASH AND||CASH EQUIVALENTS||||||
|||||||2021|2020|
|||||||6|E|
|Cash in hand||||||3,730|1,678|
|Notice deposits (less than 3months)||||||676,832|786,977|
|Cash deposit on Fixed Asset|||Investment|||2,434|2,605|
|Total cash and cash equivalents||||||682,996|791,260|
|ANALYSIS OF CHANGES||IN|NET FUNDS|||||
||||||At 1.4.20|Cash flow|At 31.3.21|
||||||E|E|E|
|Net cash||||||||
|Cash at bank and
in hand|||||788,655|(108,093)|680,562|
||||||788,655|(108,093)|680,562|
|Total|||||788,655|(108,093)|680,562|
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|Assets and their components
are depreciated|over their useful
lives on the|following|
|---|---|---|
|Description|Estimated|useful life|
|Land
Ik Buildings:|||
|Structure|||
|Kitchen||100|
|Bathroom||30|
|White goods
Roofs||30
10|
|Lifts||50|
|||15|
|Fixtures, fittings &equipment|||
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|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Rents received||||1,554,678|1,476,482|
|Quality Assessment|Award||||2,000|
|Void losses||||(125,159)|(45,908)|
|Funding
shortfall|||||(3,524)|
|Amortised
government||grants||9,254|9,254|
|Net income from residential|||charges|1,438,773|1,438,304|
|INVESTMENT INCOME||||||
|||||2021|2020|
|||||E|f|
|Income from listed|investments|||31,802|38,925|
|Profit on disposal oflisted investments||||343|201|
|Bankinterest||||3,231|6,786|
|||||35,376|45,912|
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|DISPOSALS OF HOUSING|PROPERTIES HELD AS TANGIBLE FIXED ASSETS|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Proceeds from the disposal of housing properties||||
|Carrying value of housing|properties|(196,191)||
|Loss on disposal offixed|assets|(196,191)||
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|MOVEMENT
IN FAIR VALUE OF FINANCIAL
INSTRUMENTS|||
|---|---|---|
||2021|2020|
||E|E|
|Movement
in fair value of Fixed Asset investments|217,914|(155,147)|
|SURPLUS/(DEFICIT)
ON ORDINARY ACTIVITIES|||
|Surplus/(deficit)
is stated after charging/(crediting):|||
||2021|2020|
||E|E|
|Depreciation
- owned assets|61,898|64,151|
|l.oss on disposal of fixed assets|196,191|3,620|
|Auditor's
remuneration
for audit|8,280|8,040|
|Grants released to income|(9,254)|(9,254)|
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|STAFF COST|S||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|E|
|Wages and salanes|||||988,160|907,694|
|Social security costs|||||50,681|42,245|
|Other pension costs|||||17,174|15,824|
||||||1,056,015|965,763|
|The average|monthly|number|ofemployees|during the year was as follows:|||
||||||2021|2020|
|Administration|||||5|5|
|Care staff|||||54|52|
||||||59|57|
##
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|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|
||||Fixtures||
||Freehold|Plant and|and||
||property|machinery|fittings|Totals|
||E|E|E|E|
|COST|||||
|At 1April 2020|3,128,615|8,124|347,364|3,484,103|
|Additions|203,091||30,970|234,061|
|Disposal s|(273,285)|||(273,285)|
|At 31March 2021|3,058,421|8,124|378,334|3,444,879|
|DEPRECIATION|||||
|At 1April 2020|651,576|3,407|259,365|914,348|
|Charge for year|29,439|162|32,297|61,898|
|Eliminated
on disposal|(77,094)|||(77,094)|
|At 31March 2021|603,921|3,569|291,662|899,152|
|NET BOOK VALUE|||||
|At 31March 2021|2,454,500|4,555|86,672|2,545,727|
|At 31March 2020|2,477,039|4,717|87,999|2,569,755|
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|FIXED ASSET INVESTMENTS||||
|---|---|---|---|
|||Cash and||
||Listed|settlements||
||investments|pending|Totals|
||E|E|E|
|MARKET VALUE||||
|At 1April 2020|983,856|2,605|986,461|
|Disposal s|(2,773)||(2,773)|
|Revaluations|217,914||217,914|
|Cash movement||(171)|(171)|
|At 31March 2021|1,198,997|2,434|1,201,431|
|NET BOOK VALUE||||
|At 31March 2021|1,198,997|2,434|1,201,431|
|At 31March 2020|983,856|2,605|986,461|
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|DEBTORS'.AMOUNTS|DEBTORS'.AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2021|2020|
||||f|E|
|Residential|charges due and unpaid||4,211|2,512|
|Other debtors|||1,369|570|
|Prepayments|||16,679|34,158|
||||22,259|37,240|
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|CREDITORS'.A|MOUNT|S
FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Trade creditors|||41,521|41,725|
|Payments
received on||account|21,915|6,268|
|Social security|and other taxes||12,578|10,918|
|Other creditors|||7,533|6,523|
|Accruals and deferred||income|88,227|78,003|
||||171,774|143,437|
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|CREDITO|RS: AM|OUNTS
FALLING DUE AFTER MORE T|HAN ONE YEAR||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|Deferred|capital|grants|638,144|647,398|
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|CAPITAL CO|MMITMENTS|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|E|
|Contracted
but not provided||for in the financial|||statements|3,378,549||
|OTHER FINANCIAL COMMITMENTS||||||||
|The company|has the following||commitments|due as follows:||||
|||||||2021|2020|
|||||||E|E|
|Due in less than one year||||||6,731|3,951|
|Due between|two and five years|||||21,658|1,317|
|Due in more|than five years|||||2,707||
|||||||31,096|5,268|
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|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E|E|
|Financial|assets|||||||||||
|Measured|at fair value through|||||the statement||ofcomprehenswe|income:|||
|- Fixed asset investments|||(note|||11)||||1,198,997|983,856|
|Debt instruments
measured|||||at|amortised|cost:|||||
|-Trade debtors and other|||debtors (note||||12)|||5,580|3,082|
|||||||||||1,204,577|986,938|
|Financial|liabilities|||||||||||
|Measured|at amortised|cost:||||||||||
|—Trade creditors
and other||||creditors (note 13)||||||(49,053)|(48,248)|
|||||||||||(49,053)|(48,248)|
|Income and expense||||||||||2021|2020|
|||||||||||E|E|
|Financial|assets measured|||at|fair value through|||comprehensive|income|217,914|(155,147)|
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|||||Balance at|Income|Expenditure|Balance at|
|---|---|---|---|---|---|---|---|
|||||1April|||31March|
|||||2020|||2021|
|||||E|||E|
|Unrestricted||funds||1,593,036|1,703,179|1,668,390|1,627,825|
|Designated||funds||||||
|Capital expenditure|||reserve|30,000|30,971|30,971|30,000|
|Housing|property||repair reserve|100,000|||100,000|
|General|charitable||reserve|33,882|38,020|10,576|61,326|
|Property|fixed asset reserve|||1,834.358||13,448|1,820,910|
|||||3,591,276|1,772,170|1,723,385|3,640,061|
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