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|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|||





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





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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2020<br>f|2020|2020|2019f|2019f|2019|
|Income from:||||||||||
|Charitable<br>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<br>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|





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||||||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|





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|||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|





## 

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|6|Charitable<br>expenditure|Charitable<br>expenditure|Charitable<br>expenditure|Charitable<br>expenditure|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Advancement|ofsafe|||and secure residential||housing for adults|with learning|||
||difficulties||||||||||
||||||||||2020|2019|
|||||||||||K|
||Depreciation<br>and||impairment||||||40,594|21,270|
||Housing<br>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|





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|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<br>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|



## 



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|9|Tangible|fixed assets|fixed assets|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Freehold<br>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<br>falling due within one year:||||
|Trade debtors||20|20|
|Prepayments|and accrued income|19,174|1,389|
|||19,194|1,409|





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||||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|





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|||||Movement||
|---|---|---|---|---|---|
|||||in funds||
||||Balance at|Incoming|Balance at|
|||1|April 2019<br>f|resources<br>f|31 March 2020<br>f|
|Restricted|legacy||35,530||35,530|



## 

|Analysis ofnet assets|between funds||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||funds|funds||funds|funds||
||2020<br>f|2020<br>f||2019f|2019f|2019f|
|Fund balances at 31|||||||
|March 2020 are|||||||
|represented<br>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|





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|||||||||2020||2019|
|---|---|---|---|---|---|---|---|---|---|---|
|Income from:|||||||||||
|Charitable<br>activities|||||||||||
|Rental income||||||||297,366||325,019|
|Investment<br>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<br>activities|||||||||||
|Provision ofsafe 8 secure|||residential|||housing|||||
|Freehold<br>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<br>losses|||||||10,223||||
|Housing<br>support<br>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<br>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<br>in funds||||||||70,833||(4,515)|





## 

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|||||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<br>General|Meeting|costs|104||405||
|Bookkeeping fees - non||auditor|||1,440||
|||||6,895||8,379|
|||||8,743||8,932|