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2021-03-31-accounts

Trustees R Roberts
S Malcherczyk
SDe Looze
C Hurst (Treasurer)
N Winks (Chair)
D ireland
M Pankhurst
6 Parekh
A Peasgood
Secretary R Mawdsley
Chadty number 702230
Company number 02422130
Principal address Ridgeway
House
Little Hill
Newton
Lane
Wigston
LE183SE
Registered oflice Ridgeway
House
Little Hill
Newton
Lane
Wigston
LE183SE
Auditor Mayfield
&Co.
2 Merus Court
Meridian
Business Park
Leicester
LE191R(
Bankers HSBC
Solicitors Howes Percival LLP
3The Osiers Business Centre
Leicester
LE191DX

Page
Trustees report 1-B
Statement of trustees responsibilities
Independent auditor's report 10-11
Statement of financial activities 12
Balance sheet 13-14
Statement of cash flows
Notes to the financial statements 16-34

Unrestricted Unrestricted Restricted Total Total
funds funds funds 2021 2020
general designated
Notes 6 6
income and endowments from:
Donations
and legacies		 111,753 487,348 599,101 376,095
Charitable
activities		 2,279,715 413,557 2,693,272 2,560,223
Raising funds 10,541 10,541 16,830
Investments 3,510 3,510 4,782
Other income 87,334 87,334
Totalincome 2,492,853 900,905 3,393,758 2,957,930
"Ch
Fundraising 18,721 18,721 28,535
Charitable
activities		 1,909,533 993,479 2,903,012 2,617,168
Total expenditure 1,928,254 993,479 2,921,733 2,645,703
Net gains/(losses) on investments 14 43,765 43,765 (20,887)
Net incoming/(outgoing) resources
before transfers 608,364 (92,574) 515,790 291,340
Gross transfers
between		 funds (389,400) 389,400
Net movement
in		 funds 218,964 389,400 (92,574) 515,790 291,340
Fund balances at 1April 2020 394,959 1,736,100 240,562 2,371,621 2,080,281
Fund balances at 31March 2021 613,923 2,125,500 147,988 2,887,411 2,371,621

2021 2020
Notes g g
Fixed assets
Tangible assets 16 2,036,804 2,152,221
Investments 17 232,898 189,133
2,269,702 2,341,354
Current assets
Debtors 18 339,555 268,936
Cash at bank and in hand 1,638,194 918,715
1,977,749 1,187,651
Creditors: amounts falling due within one 20
year (545,129) (340,663)
Net current assets 1,432,620 846,988
Total assets less current liabilities 3,702,322 3,188,342
Creditors: amounts falling due after more 21
than one year (814,911) (816,721)
Net assets 2,887,411 2,371,621
Income funds
Restricted funds 25 147,988 240,562
Unrestricted
funds
Designated
funds		 26 2,125,500 1,736,100
General unrestricted funds 613,923 394959
2,739,423 2,131,059
2,887,411 2,371,621

2021 2020
Notes 6 6
Cash gows from operating activities
Cash generated
from operations		 29 695,098 512,952
Investing
activities
Purchase oftangible fixed assets (365,638)
Interest received 3,510 4,782
Net cash generated from/(used in) invesb ng
acbvities 3,510 (360,856)
Financing acbvities
Proceeds ofnew bank loans 50,000
Repayment
of bank		 loans (29,129) (26,005)
Payment ofobligations
under finance		 leases (1,539)
Net cash generated from/(used in) gnancing
acgvities 20,871 (27,544)
Net increase in cash and cash equivalents 719,479 124,552
Cash and cash equivalents at beginning ofyear 918,715 794,163
Cash and cash equivalents at end ofyear 1,638,194 918,715

Freehold Property 4%straight line
Scheme Fixtures
Bz Fittings		 50%straight line
Motor vehicles 25%straight line
Central Office Equipment 25%straight line

Unrestricted Restricted Totai Unrestricted Restricted Total
funds funds funds funds
general general
2021 2021 2021 2020 2020 2020
g g g f 6 6
Donations and gifts 111,753 111,753 47,844 47,844
Grants receivable 487,348 487,348 328,251 328,251
111,753 487,348 599,101 47,844 328,251 376,095
Donations and gifts
Donations and gifts 111,753 111,753 47,844 47,844
111,753 111,753 47,844 47,844

3 Donations and legacies (Continued)
Grants receivable for core
activities
Leicester City Council-
Right To Buy 110,000 110,000
Reaching People
Moneywise
Plus		 32,394 32,394 21,430 21,430
Resettlement
Grants-
Homeless
Link		 73,318 73,318
Resettlernent
Grants—
Crisis UK 49,634 49,634
Waste and Resource Action
Programme 12,799 12,799 27,395 27,395
Children
In Need/Building
Blocks 19,784 19,784 16,040 16,040
Severe Weather Beds City 43,628 43,628 50,319 50,319
Severe Weather Beds
County 13,769 13,769
LCC Foodbank 81,081 81,081 54,823 54,823
DEFRA 93,150 93,150
University of Leicester 20,000 20,000
Martin
Lewis Foundation-
Covid 7,500 7,500
Ministry of Housing,
Communities
and Local
Government 24,299 24,299
Covid Grants 15,000 15,000
Leicestershire
and Rutland
Community
Foundation		 18,762 18,762
Henry Smith Foundation-
Housing
First		 14,500 14,500
Other 1,499 1,499 14,475 14,475
487,348 487,348 328,251 328,251

Housing Housing
schemes schemes
2021 2020
f E
atherincome 2,693,272 2,560,223
Analysis by fund
Unrestricted funds - general 2,279,715 2,243,170
Restricted funds 413,557 317,053
2,693,272 2,560,223
Board and lodging and rent receipts Board and lodging and rent receipts Board and lodging and rent receipts E233,364
Housing benefits receipts f2,113,146
Bad debts recovered/(written
off)		 ~E66795
Total E2,279,715
Included within Restricted Income for2021relating to Hous
Accommodation Based Housing Related Support f216,171
Rough Sleepers Initiative
Income		 f77,772
Communities
Transition
Fund		 666,082
Protect Scheme (Flora Lodge) ~E53532
Total f413,557

6 Investments Investments
Unrestricted Unrestricted
funds funds
general general
2021 2020
6 6
Interest receivable 3,510 4,782
7 Fundraising
2021 2020
~fundraisin
Premises costs 813 810
Stationery and publications 873 1,238
Training and communications 367 1,566
Audit and professional fees 829 108
Other sundry costs 6,919
Recruitment 4 11
Staff costs 15,835 17,883
Costs of raising funds 18,721 28,535
18,721 28,535
8 Other income
Unrestricted Total
funds
general
2021 2020
6 6
Other income 87,334

Housing Charitable Total Total
Schemes acdvites 2021 2020
2021 2021
6 6
Staff costs 605,021 597,327 1,202,348 1,030,577
Depreciation
and impairment		 35,603 79,813 115,416 117,216
Premises costs 355,274 52,049 407,323 417,207
Management
charge		 351,104 32,516 383,620 332,779
Charitable
expenditure		 250 53,255 53,505 83,410
Catering costs 19,761 98,785 118,546 34,148
Communications 23,592 5,692 29,284 24,963
Stationery,
publications		 and publicity 4,812 1,247 6,059 6,751
iTcosts 11,802 8,443 20,245 17,612
TV rental and licenses 3,942 158 4,100 5,099
Bank charges and fees 6,718 24,600 31,318 31,600
Renewals IMisc) 56,361 7,016 63,377 27,425
Motor and travel 8,620 3,916 12,536 15,618
Welfare 593 3,873 4,466 1,093
Vehicle costs 1,794 1,794
Training,
meetings		 and staff development 68 3,995 4,063 529
Grants repayable 19,000 19,000
1,483,521 993,479 2,477,000 2,146,027
Share ofsupport costs Isee note 11) 350,601 350,601 380,230
Share ofgovernance costs (see note 11) 75,411 75,411 90,911
1,909,533 993,479 2,903,012 2,617,168
Analysis by fund
Unrestricted
funds		 —general 1,909,533 1,909,533 1,979,653
Restricted funds 993,479 993,479 637,515
1,909,533 993,479 2,903p012 2,617,168
Forthe year ended 31 March 2020
Unrestricted
funds		 —general 1,979,653 1,979,653
Restricted funds 637,515 637,515
1,979,653 637,515 2,617,168

Supportcosts
Support costs Governance 2021 Support costs Governance 2020
costs costs
Staff costs 269,189 31,669 300,858 304,015 35,766 339,781
Premises costs 15,339 15,339 16,334 16,334
Communications and
insurance 4,914 4,914 17,694 17,694
Stationery,
publications
and publicity 1,455 1,455 2,063 2,063
ITcosts 9,916 9,916 6,898 6,898
Training 667 667 11,120 11,120
Travel and vehicle costs 1,331 1331 4,461 4,461
Audit and professional fees 29,615 29,615 14,322 14,322
Meetings
and staff		 678 678
Sundry other costs 13,726 13,726 191 191
Vehicle costs 4,449 4,449 2,454 2,454
Audit fees 3,470 3,470 4,677 4,677
Premises costs 11,372 11,372 11,759 11,759
Communications 644 644 728 728
Stationery
and publications		 3,494 3,494 4,951 4,951
ITcosts 9,916 9,916 6,898 6,898
Other governance costs
(includes Training, Travel,
Meeting staff, Recruitment,
Bank charges and
Miscellaneous
expenses)		 14,846 14,846 26,132 26,132
350,601 75,411 426,012 380,230 90,911 471,141
Analysed
between
Charitable
activities		 350,601 75,411 426,012 380,230 90,911 471,141

2021 2020
Number Number
Chief Executive 1 1
Housing Schemes 42 36
Resettlement 9 9
Development 4 4
Administration and Support 4 4
Total 60 54
Employment costs 2021
f.		 2020
f
Wages and salaries 1,350,487 1,232,579
Social security costs 116,499 106,906
Other pension costs 52,055 48,756
1,519,041 1,388,241
The numbe
were:		 r
of		 employees
whose
annual
remuneration
w		 as f60,000 or more
2021 2020
Number Number
Band f60000to f70000 1 1
14 Net gains/(losses) on investments
Unrestricted Unrestricted
funds funds
general general
2021 2020
f f
Revaluation ofinvestments 43,765 (20,887)

Tangible Ax ed assets
Freehold Scheme Fixtures Motor vehidec Central Olilce Total
Property 4 Fittings Equipment
f f f f
Cost
At 1April 2020 2,619,627 254,502 47,587 25,329 2,947,045
At 31March 2021 2,619,627 254,502 47,587 25,329 2,947,045
Depreciation and impairment
At 1April 2020 490,457 254,502 24,537 25,329 794,825
Depreciation charged in the year 105,967 9,449 115,416
At 31March 2021 596,424 254,502 33,986 25,329 910,241
Carrying amount
At 31March 2021 2,023,203 13,601 2,036,804
At 31March 2020 2,129,170 23,051 2,152,221

18 Debtors
2021 2020
Amounts
falling due within one year:		 E
Trade debtors 152,764 127,409
Other debtors 87,334
Prepayments and accrued income 99,457 141,527
339,555 268,936
19 Loans and overdrafts
2021 2020
E E
Bankloans 894,767 873,896
Payable within one year 79,856 57,175
Payable after one year 814,911 816,721

2021 2020
Notes E E
Bank loans 19 79,856 57,175
Other taxation and social security 30,056 25,124
Deferred income 22 108,916 45,630
Trade creditors 93,278 79,419
Other creditors 65,734 57,873
Accruals and deferred income 167,289 75,442
545,129 340,663

21 Creditors: amounts Creditors: amounts Creditors: amounts falling due after more than one year due after more than one year
2021 2020
Notes 6 f
Bankloans 19 814,911 816,721
22 Deferred income
2021 2020
6 6
Arising from Grants in advance 108,916 45,630
Deferred income is included in the financial statements as follows:
2021 2020
f 6
Current liabilities 108,916 45,630
108,916 45,630

Movement
in funds		 Movement
in funds
Balance at 1 Income Expenditure Transfers Balance at 31
April 2020 March 2021
6 6 f 6 6
Unmstricted funds
General Fund 394,959 2,536,618 (1,928,254) (389,400) 613,923
394,959 2,536,618 (1,928,254) (389,400) 613,923

The income funds of The income funds of the cha fity include restrkted funds comprising the following unexpended balances
ofdonations		 balances
ofdonations		 and grants held on held on trust for specific purposes: trust for specific purposes:
Movement
In funds		 Movement in funds
eh dn
dn		 e I cast ulcssls fisp
dll		 Inl
1anil tete tap 'lmm elm mrm11
5 6
Resettlement grants - Homeless link 73,318 (62,228) 11,D90
Resettlement granh - Cnsis UK 49,634 (49,634)
Sundry glalits (1,000) 1,499 (1,499)
Tribal Capital Grant 209,216 (95,431) 113,785 (84,371) 29,414
Bndge House 500 (500)
DCFRA 93,150 (93,150)
communibes Tranution Fund (NHs) 56,761 (56,761) 66,D82 (66,082)
University ef Leicester 20,000 (20,00D)
Pret a Mange 2,15D 7,914 (3,219) 6,845 (963) 5,882
Children
In Need (Building Blacks)		 16,04D (16,040) 19,784 (19,784)
Moneywise
Plus Reaching People		 21,430 (21,430) 32394 (32,394)
Leeassr Oty Council - Right To Buy 110,000 (4,388) 105,612 (14,626) 90,986
World Habitat Grant 4,610 (3,086) 1,524 (1,524)
LCC Foodbank 54,823 (54,823) 81,081 (81,081)
Waste and Resources Action Programme (WRAP) 17,889 27,396 (32,758) 12,527 12,799 (18,162) 7,164
Severe Weather - City 50,319 (50,319) 43,628 (43,628)
Rough Sleepers Inibalive 77,772 (77,772) 77,772 O7,772)
Severe Weather - County 13,769 (13,769)
Accomodation Based Housing Related Support 182,520 (186,038) 3,518 216,171 (216,171)
Ciwrny
Unk		 450 (181) 269 (269)
Ministry af Housing, Communities and Local Government 24,299 (20,629) 3,670
Mar6n Lewu Foundafion -Covid 7,500 (7,718) (218)

15 Restricted tends Restricted tends (Condnued)
Protect Scheme (Flora lodge) 53,532 (53,532)
Could Grants 15,000 (15,000)
Lemestershire and Rut)and Commumty Foundafion 18,762 (18,762)
Henry smrth Foundauon - Housmg First 14,500 (14,500)
229,255 (645,304) (637,515) I3,518) 240,562 (900,905) (993,479) 147,988

Balance at Transfers Balance at Transfen Balance at
1Apra 2019 1Apra 2020 31March 2021
6
Property
Fund		 745,300 210,700 956,000 84,000 1,040,000
Dilapidation Fund 575,000 75,000 130,100 10,400 140,500
Development Fund 110,100 20,000 650,000 75,000 725,000
Contingency Fund 220,000 220,000
1,430,400 305,700 1,736,100 389,400 2,125,500

27 Analysis ol net assets between funds
unrestricted pm)gamed Sastrlclad Total Unresnicted Designated Restricted Total
Funds Funds Funds Furrds Funds Funds
2(Q1 2021 2021 2021 2020 2020 2020 2020
f f 6 1 f f f
Fund balances at31March 2021are represented by:
Tangible assets 10,904 1,905,500 120,400 2,036,804 205,826 1,736,100 210,295 2,152,221
Investments 232,898 232,898 189,133 189,133
Current assets/(Sabili0 as) 1,185,032 220,000 27,588 1,432,620 816,721 30,267 846,988
long term li ah ilibas i814,911) (814,911) (816,721) (816,721)
613,923 2,125,500 147,9SS 2,887,411 394,959 1,736,100 240,562 2,371,621

2021 2020
E
Aggregate compensation 198,373 191,960
hction Trust
29 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2021 2020
E E
Surplus forthe year 515,790 291,340
Adjustments
for:
Investment
income		 recognised in statement offinancial activities (3,510) (4,782)
Fair value gains and losses on investments (43,765) 20,887
Depreciation
and impairment		 oftangible fixed assets 115,416 117,216
Movements
in working capital:
(Increase)/decrease in debtors (70,619) 32,012
Increase in creditors 118,500 67,713
Increase/(decrease) in deferred income 63,286 (11,434)
Cash generated
from operations		 695,098 512,952

30 Analysis ofchanges in net funds
At 1April 2020 Cashflows AtasMarch2021
6 6 6
Cash at bank and in hand 918,715 719,479 1,638,194
Loans falling due within one year (57,175) (22,681) (79,856)
Loans falling due after more than one year (816,721) 1,810 (814,911)
44,819 698,608 743,427