2020-03-31-accounts

Trustees		Mr C Voisey
		Mrs A Widger
		Mrs ASBishop
		Mrs BGill
		Ms L Ellis	(Appointed	8 July 2019)
		Mr RA Bishop
		Dr K Porkess
Secretary		Mrs A S Bishop
Charity number		288402
Company	number	01743492
Registered	office	30Fore Street
		Totnes
		Devon
		TQ9 5RP
Auditor		Darnells Audit Limited
		Quay House
		Quay Road
		Newton Abbot
		Devon
		TQ12 2BU
Bankers		Lloyds TSB
		65/67 Fore Street
		Kingsbridge
		Devon
		TQ7 1PN
Solicitors		Beers
		29 Fore Street
		Kingsbridge
		Devon
		TQ7 1AA

		Page
Trustees' report		1-4
Statement ofTrustees'	responsibilities
Independent auditor's	report	6-7
Statement offinancial	activities
Balance sheet
Notes to the financial statements		10-18

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
			Notes	2020 f	2020	2020	2019f	2019f	2019
Income from:
Charitable activities				297,366		297,366	325,019		325,019
Investments				1,100		1,100	1,038		1,038
Other income				6,170		6,170	6,608		6,608
Total income				304,636		304,636	332,665		332,665
Expenditure	on:
Charitable activities				233,803		233,803	337,180		337,180
Net income/(expenditure)
for the year/
Net movement		in funds		70,833		70,833	(4,515)		(4,515)
Fund balances		at 1
April 2019				2,648,558	35,530	2,684,088	2,653,073	35,530	2,688,603
Fund balances		at 31
March 2020				2,719,391	35,530	2,754,921	2,648,558	35,530	2,684,088

					2020	2019
				Notes	E
Fixed assets
Tangible assets					3,360,890	3,212,728
Current assets
Debtors				10	19,194	1,409
Cash at bank and		in	hand		288,196	414,433
					307,390	415,842
Creditors:	amounts		falling due within
one year				12	(65,201)	(59,724)
Net current	assets				242,189	356,118
Total assets less		current liabilities			3,603,079	3,568,846
Creditors:	amounts		falling due after
more than	one year			13	(848,158)	(884,758)
Net assets					2,754,921	2,684,088
Income funds
Restricted	funds			14	35,530	35,530
Unrestricted	funds				2,719,391	2,648,558
					2,754,921	2,684,088

		Unrestricted	Unrestricted
		funds	funds
		Provision of	Provision of
		safe &	safe &
		secure	secure
		residential	residential
		housing	housing
		2020	2019
Rental	income	297,366	325,019

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
	Bank	interest receivable	1,100	1,038
5	Other	income
			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			E	E
	Feed	in tariff	6,170	6,608

6	Charitable expenditure	Charitable expenditure	Charitable expenditure	Charitable expenditure
	Advancement	ofsafe			and secure residential		housing for adults	with learning
	difficulties
									2020	2019
										K
	Depreciation and		impairment						40,594	21,270
	Housing support		management			and administration				5,920
	Repairs and maintenance								112,959	206,847
	Insurance								9,158	7,270
	Garden expenses								6,265	8,621
	Council tax								965	6,392
	Rent								5,698	20,696
	Service charges	and		ground		rent			2,061	1,168
	Bank loan interest								44,656	47,623
	Legal and professional				fees				660	2,441
	Utiiities								2,044
									225,060	328,248
	Share ofsupport		costs		(see note 7)				1,848	553
	Share ofgovernance			costs (see note 7)					6,895	8,379
									233,803	337,180

7	Support	costs
				Support	Governance	2020	Support	Governance	2019
				costs	costs		costs	costs
						E	E	E
	Bank charges			206		206	174		174
	Sundries			142		142	331		331
	Donations			1,500		1,500	48		48
	Auditor's	fees -	external
	scrutiny				3,300	3,300		3,300	3,300
	Auditor's	fees -	other
	services				2,970	2,970		2,094	2,094
	Trustee travel and
	expenses				521	521		1,140	1,140
	Annual General		Meeting
	costs				104	104		405	405
	Bookkeeping fees - non
	auditor							1,440	1,440
				1,848	6,895	8,743	553	8,379	8,932
	Analysed	between
	Charitable	activities		1,848	6,895	8,743	553	8,379	8,932

9	Tangible	fixed assets	fixed assets
					Freehold land	Leasehold	Plant and	Fixtures and	Total
					and buildings	land and	equipment	fittings
						buildings
						E
	Cost
	At 1 April	2019			2,788,466	488,242	53,482	128,767	3,458,957
	Additions				187,169			1,587	188,756
	Disposals				(6,442)			(5,275)	(11,717)
	At 31 March		2020		2,969,193	488,242	53,482	125,079	3,635,996
	Depreciation		and impairment
	At 1 April	2019			97,375	23,458	37,436	87,960	246,229
	Depreciation		charged	in the year	9,897	2,619	5,347	12,508	30,371
	Eliminated	in	respect ofdisposals		(65)	-	-	(1,429)	(1,494)
	At 31 March		2020		107,207	26,077	42,783	99,039	275,106
	Carrying	amount
	At 31 March		2020		2,861,986	462,165	10,699	26,040	3,360,890
	At 31 March		2019		2,691,091	464,784	16,046	40,807	3,212,728

Debtors
		2020	2019
Amounts falling due within one year:
Trade debtors		20	20
Prepayments	and accrued income	19,174	1,389
		19,194	1,409

			2020	2019
Bank loans			884,871	931,994
Payable	within one year		36,713	47,236
Payable	after one	year	848,158	884,758
Amounts	included	above which fall due after five years:
Payable	by instalments		682,286	726,647

12	Creditors: amounts	falling due within one year
			Notes	2020	2019f
	Bank loans			36,713	47,236
	Trade creditors			14,208	1,880
	Accruals and deferred	income		14,280	10,608
				65,201	59,724
13	Creditors: amounts	falling due after more than one year
				2020	2019
			Notes		F
	Bank loans			848,158	884,758

				Movement
				in funds
			Balance at	Incoming	Balance at
		1	April 2019 f	resources f	31 March 2020 f
Restricted	legacy		35,530		35,530

Analysis ofnet assets	between funds
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2020 f	2020 f		2019f	2019f	2019f
Fund balances at 31
March 2020 are
represented by:
Tangible assets	3,360,890		3,360,890	3,212,728		3,212,728
Current assets/
(liabilities)	206,659	35,530	242,189	320,588	35,530	356,118
Long term liabilities	(848,158)		(848,158)	(884,758)		(884,758)
	2,719,391	35,530	2,754,921	2,648,558	35,530	2,684,088

								2020		2019
Income from:
Charitable activities
Rental income								297,366		325,019
Investment income
Bank interest receivable								1,100		1,038
Other income
Feed in tariff								6,170		6,608
Total income								304,636		332,665
Resources expended:
Charitable activities
Provision ofsafe 8 secure			residential			housing
Freehold and leasehold		property			depreciation		12,516		11,757
Plant and machinery	depreciation						5,347		5,348
Fixtures and fittings depreciation							12,508		4,165
Impairment losses							10,223
Housing support management									5,920
Repairs and maintenance							112,959		206,847
Insurance							9,158		7,270
Garden expenses							6,265		8,621
Council tax							965		6,392
Rent for Waterside and		Hurrell		Court			5,698		20,696
Service charges and	ground		rents				2,061		1,168
Bank loan interest							44,656		47,623
Legal and professional		fees					660		2,441
Utilities							2,044
Share ofsupport costs							1,848		553
Share ofgovernance	costs						6,895		8,379
								(233,803)		(337,180)
Net movement in funds								70,833		(4,515)

				2020		2019
Support costs
Bank charges				206		174
Sundries				142		331
Donations				1,500		48
				1,848		553
Governance costs
Auditor's fees - external		scrutiny	3,300		3,300
Auditors's fees - other services			2,970		2,094
Trustee travel and expenses			521		1,140
Annual General	Meeting	costs	104		405
Bookkeeping fees - non		auditor			1,440
				6,895		8,379
				8,743		8,932