## ## |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| ## |||||C(j0I-||||||(O
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VC| ## ## |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|| ##