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