2023-03-31-accounts

Trustees						Ms J Moore
						Mr W T Holynski
						Ms SJohnson
						Mr P E Frost
						DrS M Fallow
						Mr M Takolia
						Mr G N Sedgwick
						Mr V. Gaten		(Appointed	14April 2022)
						FROST, Anne	Elizabeth	(Resigned	15April 2022)
						ZHANG, Xiwen		(Resigned	2August 2022
						TAKOLIA, Mohamed		(Resigned	8June 2023)
Secretary						Ms SJohnson
Company	registered			number		01870880
Charity registered			number			701800
Registered		office 8		principal	address	107Newport	Street
						Leicester
						LE39FU
Chief executive						Ms S Cowling
Independent		auditors				Stephenson	Smart 8 Co
						36Tyndall Court
						Commerce Road
						Lynchwood
						Peterborough
						PE2 6LR
Bankers						Cater Allen
						9Nelson Street
						Bradford
						BD1 5AN
Registered		Provider		Number		4676

			Page
Trustees' report			1-11
Independent auditor's	report		12-14
Statement of comprehensive		income	15
Statement ofchanges	in reserves		16
Balance sheet			17
Statement ofcash flows			18
Notes to the financial	statements		19-33

NORTON HOUSING AND SUPPORT LTD INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 AIARCH 2023 Evaluating the rationale of any significant transactions that are unusual or outside the normal course of business., Analytical procedurès are performed as well as substantive testing to identify any potential misslatement due to ffaud,. and The audit procedures would also involve being 8warg of any such items from reviewing minutes and third party ¢ommunicalion5 and reports and discussions held with $laff and management lo obtain an undgrstanding. Because of the inherent limitstions of an audit. there is 8 risk that we will nol delect all irregularslies, including thosè leading to a material misstatement in the financ1al stslemenls or non-compliance with regulation. This risk increases the mofe Ihat compliance wrth a law or regulation is removed from the event$ and transactions reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance. The risk is also greatei regarding irregUlar￿leS occurTing due to fraud ralher than error, a$ fraud involves intentional concealment, forgery. collusion, omission 01 misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at https'.Il¥ww.fr¢.org.uklauditorSlaudil-assiJrancelauditor-s-responsibilitièS-for-Ihe-aud￿-Of-the-r11de$cription-0f-lhe- audilorfs-re5ponsibilrties-for. This description fomis part of our audrtorfs report. U¥• of our rèport This report is made solely to thg charitys trustee5, as 8 body, in accordance with Chapter 3 of Part 16 of the Companies Act 21X)6 and saction 137 of the Housing and Regeneralion Act 2008. Our audit work has been undertaken so that wè mighl state lo the charity's trustees those matters we are ¥equired to state lo them in an auditors, report and for no olher purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibil￿ty to anyone other than the charity and the charity's members as a t(Jdy, for our audit work, for this report, or for the opinions we have formed. Kary Hilliard ACA FCCA CTA (Senior stat￿0ry Auditor) for and on behalf ol Stephenson Smart & Co Slalulory Auditor 36 Tyndall Court Commerce Road Lynehwood Peterborough PE2 6LR Dale.. 2919113 14

		2023f	2022
TURNOVER		1,095,772	921,162
Operating costs		(1,002,377)	(926,553)
Fundraising costs		(2,300)	(965)
Operating surplus/(deficit)		91,095	(6,336)
Interest receivable	and similar income	381	354
Surplus/(deficit)	for the year	91,476	(5,982)
Total comprehensive income for the year		91,476	~5,982)

	Restricted	Unrestricted	Designated
	reserves f.	reservesf	reserves	Total funds
2022
Balance as at 1 April 2021	9,171	1,513,141	168,866	1,691,178
Surplus/(deficit) for the year	5,191	42,428	(53,601)	(5,982)
Transfer to designated reserves		(66,828)	66,828
Balance as at 31 March 2022	14,362	1,488,741	182,093	1,685,196
2023
Balance as at 1 April 2022	14,362	1,488,741	182,093	1,685,196
Surplus/(deficit) for the year	(7,817)	153,410	(54,118)	91,476
Transfer to designated reserves		(678)	678
Balance as at 31 March 2023	6,545	1,641,473	128,653	1,776,672

				Notes		2023f		2022
Fixed assets
Tangible assets				10		1,964,333		1,607,322
Current assets
Debtors					80,292		63,032
Cash at bank and		in	hand		1,392,222		967,405
					1,472,514		1,030,437
Creditors:	amounts		falling due
within one	year			12	(44,318		52,184
Net current	assets					1,428,196		978,253
Total assets less		current liabilities				3,392,529		2,585,575
Creditors:	amounts		falling due after
more than	one year			13		(1,615,857)		(900,379)
Net assets						1,776,672		1,685,196
Charity funds
Restricted	funds			16		6,546		14,362
Unrestricted	funds			16		1,770,126		1,670,834
						1,776,672		1,685,196

					2023		2022
			Notes
Cash flows from operating	activities
Cash generated from operations			17		187,578		105,081
Cash flow from investing	activities
Interest received					381		354
Purchase oftangible fixed assets - housing					(427,590)
properties
Grants received					742,450
Cash flow from financing	activities
Repayment of borrowings Interest paid				(31,970) ~46,032)		(33,531) ~(32,136
Net cash flow from financing activities					78,002)		(65,667
Net decrease in cash and	cash equivalents				424,817		39,768
Cash and cash equivalents	at beginning	ofthe year			967,405		927,637
Cash and cash equivalents	at end ofthe year				1,392,222		967,405

Freehold	property	-4%on cost
Property	improvements	-5%on cost
Fixtures	and fittings	- 15%reducing	balance
Office equipment		-33.33%on cost
Freehold	land	- not depreciated

Particulars	of	tur	nove	r,	op	erating cos	ts and operating surp	lus
									2023
									Operating	&	Operating
									Fundraising		surplus/
								Turnover	costs		(deficit)
								E
Social housing		lettings			(Note 3a)			850,141	(752,977)		97,164
Other social housing				activities
Supporting	people							163,182	(162,248)		934
Activities other than				social		housing		82,448	(89,452)		(7,004)
								1 095772	1 004677		91 095
									2022
									Operating	8	Operating
									Fundraising		surplus/
								Turnover	costs f		(deficit)f
Social housing		lettings			(Note 3a)			730,666	(698,403)		32,263
Other social housing				activities
Supporting	people							148,493	(151,435)		(2,942)
Activities other than				social		housing		42,023	(77,680)		(35,657)
								921 182	927 518		6,336
Particulars	of	income		and		expenditure	from social housing	lettings
								2023			2022
								No.			No.
Supported	housing		units		- owned			20			20
Supported	housing		units		- managed			46			39
								66			59
All units represent			supported			housing.
								2023			2022
Rent receivable								885,038			769,203
Social housing		operating			costs			(752,977)			(698,403)
Void losses								(34,897)			(38,537)
								97 164			32263

Particulars	ofincome and expenditure from	non-social housing lettings
		2023	2022
		E
Other Income		67,076	27,217
Donations	and gifts	10,673	2,042
Grants		4,699	12,764
Operating	costs	(87,152)	(76,715)
Fundraising	expenses	(2,300)	(965)
		7004	35657

Interest receivable and similar income
	Unrestricted	Total funds	Total funds
	funds
	2023	2023	2022
		E	f
Interest receivable	381	381	354
Total 2022	354	354

Unrestricted	Total	funds	Total	funds
funds
2023f		2023f		2022
2,300		2,300		965
965		965

						Support		Total
					Direct costs	costs	Total funds	funds
					2023	2023	2023	2022
					f.
Social housing			lettings		484,972	268,001	752,973	698,403
Independent		Living		Support
(Supporting		People)			133,347	28,901	162,248	151,435
Additional	charitable			activities	49,228	37,928	87,156	76,715
Total 2023					667,547	334,830	1,002,377	926,553
Total 2022					570,502	356,051	926,553

Analysis of	direct costs
		Independent
		Living Support	Social	Additional
		(Supporting	housing	charitable	Total	Total
		People)	lettings	activities	funds	funds
		2023	2023	2023 f	2023f	2022
Staff costs		117,587	129,444	22,131	269,162	218,702
Premises expenses		11,007	341,269	20,527	372,803	334,277
Residents expenses		343	1,028.00	6,570	7,941	327
Professional	fees	4,410	13,231		17,641	17,196
Total 2023		133,347	484,972	49,228	667,547	570,502
Total 2022		124,768	416,709	29,025	570,502

Analysis ofsupport costs
	Independent
	Living Support	Social	Additional
	(Supporting	housing	charitable	Total	Total
	People)	lettings	activities	funds	funds
	2023	2023	2023	2023	2022
	f.			E
Staff costs	22,975	130,196	29,209	182,380	207,501
Depreciation		68,171		68,171	68,171
Loan interest		46,032		46,032	32,136
Other support costs	5,784	23,128	8,719	37,631	40,395
Governance	142	474		616	7,848
	28,901	268,001	37,928	334,830	356,051
Total 2022	26,667	281,694	47,690	356,051

7	Auditors' remuneration	Auditors' remuneration
											2023			2022
											E
	Fees payable to the charitable			company's
	auditor for the audit ofthe charitable
	company's annual	accounts									7,200			7,440
8	Staff costs
											2023			2022
											E
	Wages and salaries										409,190			386,579
	Social security costs										23,970			22,585
	Pension costs										18,383			17,039
											451,543			426,203
	The average number of		persons		employed		by the charitable		company		during the year was		as follows:
											2023			2022
											No.			No.
	Support workers										18			16
	Management and	administrative									5			5
	Domestic staff										2			2
														23
	No employees received in excess off60k.		remuneration			on a full-time		equivalent		basis,	including	employer	pension	contribution,
											2023			2022
	Key management	personnel		remuneration:
	Salary										29,086			28,138
	Employers NIC										2,649			2,754
	Pension contributions										1,572			1,577
											33,307			32,469

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11	Debtors
							2023	2022
	Other debtors						380
	Prepayments and accrued income						1,516	2,191
	Rental and service charge debtors						78,396	60,841
							80,292	63,032
12	Creditors: Amounts	falling due within				one year
							2023	2022
	Bank loans - secured						31,412	36,410
	Trade creditors						5,380	8,020
	Other creditors						315	314
	Accruals						7,211	7,440
							44,318	52,184
13	Creditors: Amounts	falling due			after	more than one	year
							2023	2022
							F
	Bank loans - secured						873,407	900,379
	Deferred income - government			grant (Note 15)			742,450
							1,615,857	900,379
	Included within the above are			amounts		falling due as follows:
	Between one and two		years
	Bank loans - secured						31,412	37,559
	Between two and five		years
	Bank loans - secured						94,237	162,481
	Over five years
	Bank loans - secured						747,759	700,339
	The aggregate amount		of liabilities		payable or repayable		wholly or in part more than five years after the
	reporting date is:
							2023	2022
							E
	Repayable by instalments						747,759	700,339
							747,759	700,339

Financial	instruments
						2023f	2022
Financial	assets
Financial	assets measured		at amortised cost			1,392,602	967,405
Financial	liabilities
Other financial liabilities		measured		at amortised	cost	917,725	952,M3

15	Deferred capital government	Deferred capital government	grant
				2023f	2022
	At 1 April 2022
	Grant received in the	year		742,450
	Released to income	in the year
	At 31 March 2023			742,450

				Balance at 1			Transfers	Balance at 31
				April 2022 f	Income f	Expenditure f	in/(out) f	March 2023 f
Unrestricted	reserves
Designated	reserves
Information	technology			1,000		(1,678)	678
Training				35,000		(29,686)		5,314
Marketing				1,537				1,537
Fundraising				10,000		(3,574)		6,426
Development				84,201		(2,880)		81,321
Contingency				50,355		(16,300)		34,056
				182,093		(54,118	678	128,653
General reserves
Unrestricted	reserves			1,488,741	1,091,204	(937,794)	(678)	1,641,473
Total unrestricted		reserves		1,670,834	1,091,204	(991,912		1,770,126
Restricted	reserves
Carlton Hayes				1,042	4,948	(2,568)		3,423
National Lottery Community			Fi	8,813		(6,345)		2,468
Edward Gosling				1,144		(572)		572
Tesco Community		Grant		63		(63)
You in Mind				3,300		(3,217)		83
				14,362	4,948	12,765)		6,546
Total of reserves				1,685,196	1,096,153	1,004677		1,776,672

17	Reconciliation of	net	movement	in funds to net cash f	low from operating act	ivities
					2023		2022
					E
	Net expenditure for the		year (as per SOFA)		91,476		(5,982)
	Adjustments for:
	Dividends, interests and rents from investments				(381)		(354)
	Loss on disposal oftangible fixed			assets	740
	Depreciation charges				69,840		68,168
	(Increase) in debtors				(17,260)		13,156
	(Decrease) in creditors				(2,869)		(2,043)
	Interest paid				46,032		32,136
	Net cash provided	by	operating	activities	187,578		105,081
18	Analysis ofcash	and	cash equivalents
					2023		2022
					f.
	Cash at bank and	in hand			1,392,222		967,405
					1,392,222		967,405
19	Analysis ofchanges		in net debt
					At 1 April		At 31 March
					2022	Cash flows	2023
							F
	Cash at bank and	in hand			967,405	424,817	1,392,222
	Debt due within 1	year			(36,410)	4,998	(31,412)
	Debt due after 1 year				(900,379)	26,972	(873,407)
					30,616	456,787	487,403

					2023	2022
					E
Not later than 1 year					155,645	196,704
Later than	1 year and not later		than 5years			54,957
					155,645	251,661
Capital commitments
At 31 March 2023 the charitable			company	had capital commitments	as follows:
					2023	2022
					f.
Contracted	for but not provided		for in the	financial statements:
Acquisition	ofsocial housing	property			1,762,516
					1,762,516