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2021-03-31-accounts

Page
Report ofthe Management
Board
1 to 23
Report ofthe Independent
Auditors
24 to 26
Statement of Comprehensive
Income
27
Statement of Changes
in Reserves
28
Statement of Financial
Position
29
Statement ofCash Flows 30
Notes to the Statement of Cash Flows
Notes to the Financial Statements 32 to 56

Value Belief Behaviour
Aspirational We believe everyone Believe in the good in evenyone.
can be the best they Support every person to focus on their strengths. Support
can be and dream
big
every person to achieve positive outcomes.
dreams. Support every person to reach their full potential. Lead by
example.
Caring We believe everyone Show kindness,
should be cared for. Beempathetic.
Show an interest,
Beforgiving.
Give encouragement. Listen.
Be patient.
Empowering We believe we should Betolerant.
support
and encourage
Positive.
people to take Persevere.
ownership
oftheir
Provide a safe environment.
issues to enable them
to achieve positive
change.

31.3.21 31.3.20
Notes
Turnover 16 4,592,641 4,165,964
Operating
costs
8 (4,328,635) (3,900,160)
Other operating income 2 1,807
Operating
Surplus
265,813 265,804
Donations 3,981 21,105
Interest receivable 5,354 1,503
Interest payable (46,725) (49,323)
Surplus for the year 228,423 239,089
Total comprehensive income for the year 27 228,423 239,089

Income 8t Restricted
Expenditure
Reserve
Reserve TOTAL
f
At 1 April 2019 547,172 210,120 757,292
Surplus/Deficit from Statement of
Comprehensive Income 305,077 (65,988) 239,089
Total Comprehensive Income 852,249 144,132 996,381
Transfers 4,000 (4,000)
At 31 March 2020 856,249 140,132 996,381
Surplus/Deficit from Statement of
Comprehensive Income 205,580 22,843 228,423
Total Comprehensive Income 1,061,829 162,975 1,224,804
Transfers
At 31 March 2021 1,061,829 162,975 1,224,804

31 MARCH 2021
31.3.21 31.3.20
Notes
FIXED ASSETS
Tangible assets
18 2,340,238 2,353,681
CURRENT ASSETS
Stocks
Debtors; amounts
falling due within one year 19
20
11,158
607,492
11,026
514,059
Debtors: amounts
falling due after more than
one year
Cash at bank and in hand
20 15,000
1,164,683
110,202
843,898
1,798,333 1,479,185
CREDITORS
Amounts
falling due within one year
21 (917,645) (1,396,728)
NET CURRENT ASSETS 880 688 82457
TOTAL ASSETS LESSCURRENT LIABILITIES 3,220,926 2,436,138
CREDITORS
Amounts
falling due after more than
one year 22 (1,996,122) (1,439,757)
NET ASSETS 1,224,804 996,381
FUNDS
Unrestricted
funds
Restricted funds
27 1,061,830
162,974
856,250
140,131
TOTAL FUNDS 1.224, 884 998,381

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2021
31.3.21 31.3.20
Notes
Cash flows from operating
activities
Cash generated
from operations
1 555,913 486,149
Interest paid (47,308) (43,505)
Finance costs paid 599 (5,818)
Net cash provided
by operating
activities
509,204 436,826
Cash flows*pm
investing
activities
Purchase oftangible
fixed assets
(140,609) (804,614)
Sale oftangible
fixed assets
Interest received 5,354 1,503
Net cash provided
by (used
in) investing activities (135,255) (803,111)
Cash flows from financing activities
Bank loan repayments
in year
(829,522) (37,922)
New bank loan 783,834 700,000
Capital repayments
on finance leases
(7,476) (6,044)
Finance leases taken out during the year
Net cash (used in)/provided by financing activities (53,164) 656,034
Change
in cash and cash equivalents
in
the reporting
period
320,785 289,749
Cash and cash equivalents at the
beginning
ofthe reporting
period 843,898 554,149
Cash and cash equivalents at the end of
the reporting
period
1,164,683 843,898

31.3.21 31.3.20
Net income for the
Financial Activities)
reporting period (as per the Statement of 228,423 239,089
Adjustments
for:
Depreciation
charges
(Profit)/Loss
on disposal offixed assets
Interest received
Interest paid
Finance costs
149,845
4,207
(5,354)
47,324
(599)
127,839
(1,503)
43,505
5,818
Government
grants
Increase
in stocks
Decrease
in debtors
Increase
in creditors
utilised in the year (19,044)
(131)
1,769
933,307
(19,044)
(9,524)
43,289
756,679
New loans (783,834) (700,000)
Net cash provided by / (used in) operations 555,913 486,148
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.20 Cash flows Non-cash At 31.3.21
6
Cash and cash equivalents
Cash at bank
and
in hand
843,898 320,785 1,164,683
Cash equivalents
843,898 320,785 1,164,683
Borrowings
Finance leases
(35,242) 7,476 (27,766)
Debts falling due
within one year
(829,313) 777,496 (51,817)
Debts falling due
after one year
(661,631) (731,808) (1,393,439)
(1,526,186) 53,164 (1,473,022)
Total (682,288) 373,949 - (308,H9)

2.
STATEMENT OF
FINANCIAL ACTIVITIES FINANCIAL ACTIVITIES 31.3.21 31.3.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies
3 3,981 3,981 21,105
Charitable
activities
I-lousing
and supported
Trading
Non-housing
Other trading
activities
Investment
income
costs 4,069,666
34,569
2,489
1,673
5,354
72,469
117,576
294,200
4,142,135
152,145
296,689
1,673
5,354
3,932,384
114,724
114,678
4,178
1,503
Other operating
income
1,807 1,807
Total 4,119,539 484,245 4,603,784 4,188,572
EXPENDITURE ON
Raising funds 200 200 195
Charitable
activities
Housing
and supported
Trading
Non-housing
costs 3,771,212
101,310
41,237
31,642
121,559
308,201
3,802,854
222,869
349,438
3,525,087
231,318
241,380
Total 3,913,959 461,402 4,375,361 3,997,980
NET INCOME 205,580 22,843 228,423 190,592
Transfer of funds from Re-Use Ltd 48,497
Internal
transfer offunds
Net movement
in funds
205,580 22,843 228,423 239,089
RECONCILIATION
OF FUNDS
Total funds brought forward 856,250 140,131 996,381 757,292
TOTAL FUNDS CARRIED FORWARD 1,061,830 162,974 1,224,804 996,381

Comparatives
for the
Statement of Financial Activities Statement of Financial Activities
Unrestricted Restricted Total
funds funds funds
f.
INCOME AND ENDOWMENTS FROM
Donations
and legacies
21,103 21,105
Charitable
activities
Housing
and supported
costs 3,919,384 13,000 3,932,384
Trading 85,515 29,209 114,724
Non-housing 9,759 104,919 114,678
Other trading
activities
4,178 4,178
Investment
income
1,503 1,503
Other income
Total 4,041,442 147,130 4,188,572
EXPENDITURE ON
Raising funds 195 195
Charitable
activities
Housing
and supported
costs 3,519,933 5,154 3,525,087
Trading 177,378 53,940 231,318
Non-housing 38,858 202,522 241,380
Total 3,736,369 261,616 3,997,980
NET INCOME 305,078 (114,486) 190,592
Transfer offunds from Re-Use Ltd 48,497 48,497
Internal
Transfer between
funds 4,000 (4,000)
Net movement
in funds
309,078 (69,989) 239,089
RECONCILIATION
OF FUNDS
Total funds brought
forward
547,172 210,120 757,292
TOTAL FUNDS CARRIED FORWARD 856,250 140,131 996,381

DONATIONS
AND LEGACIES
31.3.21 31.3.20
E
Donations 3,981 21,105
OTHER TRADING ACTIVITIES
31.3.21 31.3.20
Fundraising
events
Electricity 8t laundry
income
Other income 8ttrading
activities
1,279
303
91
2,941
372
377
Hire of equipment
and rooms
488
1,673 4,178
INVESTMENT INCOME
31.3.21 31.3.20
Deposit account interest 5,354 1,503
INCOME FROM CHARITABLE ACTIVITIES
31.3.21 31.3.20
Activity
Room charges
Rent
—Supported
lodgings
Housing
Housing
and
and
supported
supported
costs
costs
3,478,206
47,760
3,341,811
42,336
General
counselling
8t support:
—Supporting
People
- Lodgings
Grants
Housing
Housing
Housing
and
and
and
supported
supported
supported
costs
costs
costs
178,780
29,951
72,469
178,627
29,926
13,000
Social Housing
Grant
Student placement fee
Housing
Housing
and
and
supported
supported
costs
costs
19,044
2,634
19,044
572
Local Authority
support
contracts
—other Housing and supported costs 313,123 307,068
Grants Trading activities 117,576 29,209
Sale of donated
goods
Trading activities 8,730 48,310
4mation sales 8t services (non-donated) Trading activities 25,838 37,205
Grants Non-housing 294,201 104,919
Contributions
to F4YP course
Non-housing 1,988 9,759
Unrestricted
grant —TK Maxx
Non-housing 500
Other training
income
Other trading
income (Note 4)
Investment
income (Note 5)
Non-housing
Other trading
activities 167
1,673
5,354
4,178
1,503
Other operating
income
1,807
4,599,803
4,167.467

government
initia
tives in response to the gl obal CO VID-1 9 pandemi c,
as follows;
31.3.21 31.3.20
Bedford Borough Council Covid relief 85,241
WRAP Covid emergency fund 20,000
Coronavirus
Job Retention
Scheme 28,678
Winter support
grant
4,000
137,919
RAISING FUNDS
Raising donations and legacies
31.3.21 31.3.20
s
Fundraising
costs
200 195
CHARITABLE ACTIVITIES COSTS
Support
Direct costs costs Totals
(See note 9)
Housing
and supported
costs 3,785,889 16,965 3,802,854
Trading
activities
221,894 975 222,869
Non-housing 347,878 1,560 349,438
4,355,661 19,500 4,375,161
ncluded
in the above are
charges for Interest payable, as follows:
31.3.21 31.3.20
Mortgage
interest
47,308 43,505
Finance charges
(NPV) vehicles
(599) 5,818
Other interest 16
46,725 49,323

SUPPORT COSTS
Governance
costs
31.3.21 31.3.20
Housing
and supported
costs
Trading
activities
Non-housing
16,965
975
1,560
19,112
2,606
19,500 21,718
NET INCOME/(EXPENDITURE)
Net income/(expenditure)
is stated after charging/(crediting):
31.3.21 31.3.20
Auditors'
remuneration
10,800 12,100
Auditors'
remuneration
for non-audit
Depreciation
- owned assets
Depreciation
-assets on hire purchase
Other operating
leases
Surplus
on disposal offixed assets
Bad debts
work
contracts and finance leases
8,700
146,484
5,919
981,858
(4,207)
(2,041)
9,563
121,919
5,919
938,912
23,651
BOARD AND KEY MANAGEMENT PERSONNEL REMUNERATION AND BENEFITS
31.3.21
31.3.20
Key management
personnel
remuneration
Key management
personnel
pension
contributions
to money purchase 224,567
5,505
178,113
5,151
schemes
230,072 183,264

31.3.21 31.3.20
Wages and salaries 1,605,216 1,466,376
Social security costs 135,234 116,790
Other pension costs 39,548 40,811
1,779,998 1,623,977
31.3.21 31.3.20
Management 4
Administration 10 9
Housing
and support
34
Trading 6 3
Training
Maintenance 8 9
Youth participation
Fundraising
Re-cycling
73 66

INCOME FROM LETTINGS
31.3.21 31.3,20
f
Hostel rents receivable
excluding
service charges
3,411,388 3,274,057
Service charges 114,111 110,228
Total hostel rents receivable 3,525,499 3,384,285
Hostel rent losses - voids (47,293) (42,474)
Total hostel rents receivable 3,478,206 3,341,811
Supported
lodgings
- rents receivable
47,760 42,336
Total rents receivable 3,525,966 3,384,147
During the year the charitable company had 204 rooms available up to September
2020
and 210 room
available thereafter
(2020:204). It also had 8 supported
lodging bed spaces (2020:8).
SURPLUS/(DEFICIT)
ON HOUSING
31.3.21 31.3.20
INCOME
Total rents receivable 3,525,966 3,384,147
Support contracts —Housing
Support contracts —Domestic
Support contracts —Lodgings
abuse 8t Refuges 178,780
313,123
29,951
178,627
307,068
29,926
Total support contracts 521,854 515,621
Grants 72,469 13,000
Student placement
fees
Social housing
grant
2,634
19,044
572
19,044
Total charitable
income attributable
to housing 4,141,967 3,932,284
Other income including
donations
3,479 972
Total income attributable
to
housing 4,145,446 3,933,356
Costs including
allocated overheads
(Note 8) 3802854 3,525,087
Surplus
on housing
342.592 408,269

16. TURNOVER
31.3.21 31.3.20
Total reported turnover 4,602,109 4,184,394
Trading
activities
- other
1,673 4,178
4,603,782 4,188,572
17. SOCIAL HOUSING
GRANT
31.3.21 31.3.20
Social housing grant amortised during the year 19,044 19,044
Total amount a mortised at the beginning ofthe year 495,169 476,125
Total amortised 'at the end ofthe year 514,213 495,169
Deferred social housing
grant
at the end ofthe year 438,053 457,098
Total amount of social housing grant received 952,266 952,267

TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
E
COST
At 1 April 2020
Additions
Disposals
2,795,900
69,576
(1,640)
302,011
55,770
(10,369)
66,208
15,263
3,164,119
140,609
(12,009)
At 31 March 2021 2,863,836 347,411 81,471 3,292,719
DEPRECIATION
At 1 April 2020
Charge for year
Eliminated
on disposal
592,431
72,955
(1,066)
200,705
65,753
(6,736)
17,302
11,136
810,438
149,845
(7,802)
At 31 March 2021 664,320 259,723 28,438 952,481
NET BOOK VALUE
At 31 March 2021
2.199.516 87,689 53,1133 2,346,238
At 31 March 2020 2,203,469 101,306 48,906 2,353,681

Fixed assets, included
in the above, which are held under
finance leases are as follows:
Motor
vehicles
COST
At 1 April 2020 and 31 March 2021 45,080
DEPRECIATION
At 1 April 2020 7,876
Charge for year 5,919
At 31 March 2021 13,795
NET BOOK VALUE
At 31 March 2021 31,282
At 31 March 2020 37,204
19. STOCKS
31.3.21 31.3.20
Stocks 11,158 11,026

20. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20
Trade debtors
Rental debtors
43,570
191,657
17,547
151,164
Other debtors 3,388
387
7,161
3,513
VAT
Accrued Income 192,969 229,677
Prepayments 175,521 104,997
607,492 514,059
Amounts
falling due after
Prepayments
and accrued
more than one year
income
15.000 110,202
Aggregate
amounts
622 492 624,261
Rental debtors are net of bad debt provision off37,851 (2020:673,604)
21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20
Bank loans and overdrafts (see note 23) 51,817 829,313
Finance leases (see note
Trade creditors
24) 8,021
335,734
8,021
86,684
Other creditors 71,024 54,937
Pension
liability
Accruals and deferred
income 432,004 5,278
393,450
Deferred government grants 19,045 19,045
917.645 1996,720

CREDIT ORS: AMOUN TS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
Bank loans (Note 23) 1,393,439 661,631
Hire purchase
contracts
and finance leases (see note 24) 19,745 27,221
Pension liability 31,960
Accruals and deferred income 163,930 280,893
Deferred government grants 419,008 438,052
1,996,122 1,439,757

An analysis ofthe maturit y of loans is given below:
31.3.21 31.3,20
Amounts
falling due within
one year on demand:
Bankloans 51,817 829,313
Amounts
falling between
one and two years:
Bank loans - 1-2years 51,817 25,820
Amounts
falling due between
two and five years:
Bank loans
—2-5 years
1,341,622 635,811

Minimum
lease payments
fall due as follo
ws:
Finance leases
31.3.21 31.3.20
Net obligations
repayable;
Within one year
Between one and five years
8,021
19,745
8,031
27,211
27,766 35,242
Non-cancellable
operating leases
31.3.21 31.3.20
Within one year
Between one and five years
In more than five years
968,952
1,952,135
6,923,974
780,910
1,910,513
6,887,147
9.845.061 9,578,570
SECURED DEBTS
The following
secured debts are included
within creditors: 31.3.21 31cLZO
Bankloans
Finance leases
1,445,256
27,766
1,490,944
35,242
1.479.022 1,526,186

31.3.21 31.3.20
Unrestricted Restricted Total Total
funds funds Funds funds
f. f. E
Fixed assets 2,340,237 2,340,237 2,353,681
Current assets 1,571,943 273,173 1,845,116 1,479,185
Current liabilities (85,228) (110,199) (964,427) (1,396,728)
Long term liabilities (1,996,122) (1,996,122) (1,439,757)
1,061,830 162,974 1,224,804 996,381
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
Unrestricted funds
General fund 635,865 257,735 (97,571) 796,029
Major Property Repairs Reserve 219,002 46,799 265,801
F4YP (49,505) 49,505
YMCA Trust Fund 1,383 (2,650) 1,267
856,250 205,580 1,061,830
Restricted funds
F4YP 81,995 (51,663) 30,332
Skills4 26,144 (9,732) 16,412
4mation-charitable 17,082 (3,983) 13,099
Domestic Abuse projects 12,160 42,076 54,236
Food4 47,395 47,395
Housing (inc. Furlough) 2,750 (1,250) 1,500
140,131 22,843 162,974
TOTAL FUNDS 996,381 228,423 1,224,804

Net movement
in fun
ds,
inclu
ded
in the abo
ve, is as follows:

Net
Incoming Resources Movement
resources expended tn funds
Unrestricted
funds
General fund
4,027,447 (3,769,711) 257,736
F4YP
YMCA Trust Fund
1,896 (51,401)
(2,650)
(49,505)
(2,650)
"Sleep Easy"
4,029,343 (3,823,762) 205,581
Restricted funds
F4YP
Skills4
4mation-charitable
Domestic Abuse projects
Food4
Restricted
donations
(other)
141,151
29,898
117,576
47,850
123,151
24,619
(191,330)
(41,115)
(121,559)
(5,773)
(75,757)
(25,869)
(50,179)
(11,217)
(3,983)
42,077
47,395
(1,250)
484,245 (461,402) 22,843
TOTAL FUNDS 4,513,588 (4,285,164) 228,424
Comparative
Net movement
in funds Net Transfers
Movement between
1.4.19 in funds funds At 31.3.20
E
Unrestricted
funds
General
fund
Major Property
Repairs Reserve
F4YP
YMCA Beds Trust Fund
"Sleep Easy"
362,721
171,450
1,854
11,147
391,154
(32,540)
(7,971)
11,689
(118,010)
47,552
32,540
7,500
(17,211)
635,865
219,002
1,383
11,147
547,172 353,575 (44,497) 856,260

Net Transfers
Movement between
1.4.19 in funds funds At 31.3.20
Restricted funds
F4YP 99,919 (13,924) (4,000) 81,995
Skills4 103,159 (77,015) 26,144
4mation-charitable (31,483) 48,565 17,082
Women's Refuge 7,042 5,118 12,160
Other 2,818 (68) 2,750
210,120 114,486 44,497 140,131
TOTAL FUNDS 757,292 239,089 996,381
Comparative Net movement in funds, included in the above, are as follows:
Incoming Resources Movement
resources expended in funds
f.
Unrestricted funds
General fund 4,027,447 (3,684,790) 342,657
F4YP 10,155 (38,695) (28,540)
YMCA Trust Fund 998 (8,969) (7,971)
"Sleep Easy** 2,932 (90) 2,842
4,041,532 (3,732,544) 308,988
Restricted funds
F4YP 141,654 (159,578) (17,924)
Skills4 (30,071) (46,944) (77,015)
4mation-charitable 22,457 (5,443) 17,014
Women's Refuge 10,000 (4,882) 5,118
Other 2,998 (272) 2,726
Restricted donations (other) 2 2
147,040 (217,119) (70,079)
TOTAL FUNDS 4,188,572 (3,949,663) 238,909

31.3.21 31.3.20
Financial assets measured at amortised cost:
Debt instruments
Debtors
431,971 409,062
Financial liabilities - measured at amortised cost
Bank loans and overdrafts
Creditors -other
1,445,256
434,524
1,490,944
176,863
1,879,780 1.667,607