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2023-03-31-accounts

Page
Report ofthe Management
Board		 1 to 20
Report ofthe Independent
Auditors		 21 to 24
Statement of Comprehensive
Income		 25
Statement ofChanges
in Reserves		 26
Statement of Financial Position 27
Statement of Cash Flows 28
Notes tothe Statement ofCash Flows 29
Notes to the Financial Statements 30 to 53

Charity Name: IMPAKT Housing &.Support
Charity registration number: 801035
Company
registration		 number: 2337961 (England &Wales)
Housing
number:		 H3858
Registered
office:		 43 Bromham
Road, Bedford, Beds, MK40 2AA

Value Belief Behaviour
Aspirational We believe everyone Believe in the good in everyone.
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.
Bepatient.
Empowering We believe we should Tolerant.
support
and encourage		 Positive.
people to take Persevere.
ownership
oftheir		 Provide
a safe environment.
issues to enable them
to achieve positive
change.

31.3.23 31.3.22
Notes f f.
Turnover 16 4,871,279 4,645,954
Operating
costs		 8 (4,620,232) (4,339,810)
Other operating income 2
Operating
Surplus		 251,047 306,144
Donations 3,703 4,142
Interest receivable 10,931 2,897
Interest payable (117,230) (50,598)
Surplus for the year 148,451 262,585
Total comprehensive income for the year 27 148,451 262,585

Income 8r Restricted
Expenditure
Reserve		 Reserve TOTAL
f.
At 1 April 2021 1,061,829 162,975 1,224,804
Surplus/Deficit from Statement of
Comprehensive Income 335,644 (73,059) 262,585
Total Comprehensive Income 1,397,473 89,916 1,487,389
Transfers (6,432) (37,750) (44,182)
At 31 March 2022 1,391,041 52,166 1,443,207
Surplus/(Deficit) from Statement of
Comprehensive Income 78,818 69,633 148,451
Total Comprehensive Income 1,469,859 121,799 1,591,658
Transfers
At 31 March 2023 1,469,859 121,799 1,591,658

31.3.23 31.3.22
Notes f
FIXEDASSETS
Tangible assets 18 4,371,136 4,064,879
CURRENT ASSETS
Stocks 19 28,249 19,368
Debtors: amounts falling due within one year 20 369,008 352,427
Debtors: amounts falling due after more than
one year 20 3,600 3,400
Cash at bank and in hand 1,195,193 1,184,478
1,596,050 1,559,673
CREDITORS
Amounts
falling due within		 one year 21 (735,095) (1,017,139)
NET CURRENT ASSETS 860,955 542,534
TOTAL ASSETS LESS CURRENT LIABILITIES 5,232,091 4,607,413
CREDITORS
Amounts
falling due after		 more than one year 22 (3,640,433) (3,164,206)
NET ASSETS 1,591,658 1,443,207
FUNDS 27
Unrestricted
funds		 1,469,859 1,391,041
Restricted
funds		 121,799 52,166
TOTAL FUNDS 1,591,658 1,443,207

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
31.3.23 31.3.22
Notes s
Cash flows from operating activities
Cash generated
from operations		 1 1,040,915 811,790
Interest
paid		 (112,041) (50,827))
Finance costs paid 5,189 748
Net cash provided
by operating
activities		 934,063 761,711
Cash flows from investing activities
Purchase oftangible
fixed assets		 (484,043) (1,887,314)
Sale oftangible
fixed assets		 6,802
Interest received 10,937 2,897
Net cash provided
by (used		 in) investing activities (473,106) (1,877,615)
Cash flows from financing activities
Bank loan repayments
in year		 (97,202) (65,369)
New bank loans 65,000 1,977,514
Loans redeemed (415,000) (768,820)
Capital repayments
on finance leases		 (3,040) (7,626)
Net cash (used in)/provided by financing activities (450,242) 1,135,699
Change
in cash and cash equivalents		 in
the reporting
period		 10,715 19,795
Cash and cash equivalents at the
beginning
ofthe reporting		 period 1,184,478 1,164,683
Cash and cash equivalents at the end of
the reporting
period		 1,195,193 1,184,478

31.3.23 31.3.22
Net income for the reporting period (as per the Statement of
Financial A«tivities) 148,451 262,585
Adjustments
for.
Depreciation
charges		 177,786 156,417
(Profit)/Loss
on disposal of		 fixed assets (694)
Interest received (10,937) (2,897)
Interest paid 112,041 51,346
Finance costs (5,189) (748)
Funds transferred to F4YP Ltd (44,182)
Government
grants		 utilised in the year (40,171) (25,044)
Increase
in stocks		 (8,881) (8,210)
(Increase)/decrease in debtors (16,781) 266,665
Increase
in creditors		 684,596 2,134,066
New loans (1,977,514)
Net cash provided by/ (used in) operations 1,040,915 811,790
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.22 Cash flows Non-cash At 31.3.23
f, r. f
Cash and cash equivalents
Cash at bank
and in hand 1,184,478 10,715 1,195,193
Cash equivalents
1,184,478 10,715 1,195,193
Borrowings
Finance leases (20,140) 3,040 (17,100)
Debts falling due
within one year (511,928) 415,000 (96,928)
Debts falling due
after one year (2,078,200) 32,202 (2,045,998)
(2,610,268) 450,242 (2,160,026)
Total (1,425,790) 460,957 (964,833)

Freehold
property		 2% per annum on cost
Improvements
to freehold		 property 20% per annum on cost
Improvements
to short leasehold		 property 20%per annum on cost
Fixtures and Fittings 10-33%per annum
on cost
Motor Vehicles 20% per annum on cost or over the period of the lease

31.3.23 31.3.22
Unrestricted Restricted Total Tota I
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 3,703 3,703 4,142
Charitable
activities
Housing
and supported		 costs 4,272,615 153,842 4,426,457 4,363,730
Trading 71,847 31,121 102,968 82,450
Non-housing 188,430 146,819 355,249 183,401
Other trading
activities		 4 6,605 6,605 16,373
Investment
income		 5 10,931 10,931 2,897
Total 4,554,131 331,782 4,885,913 4,652,993
EXPENDITURE ON
Raising funds 7 1,336 1,336 1,186
Charitable
activities
Housing
and supported		 costs 4,102,629 183,740 4,286,369 3,798,505
Trading 290,865 24,538 315,403 240,879
Non-housing 80,483 53,871 134,354 349,839
Total 4,475,313 262,149 4,737,462 4,390,408
NET INCOME 78,818 69,633 148,451 262,585
Transfer offunds to Fun4YP Ltd 27 (44,182)
Internal
transfer offunds		 27
Net movement
in funds		 78,818 69,633 148,451 218,403
RECONCILIATION
OF		 FUNDS
Total funds brought forward 1,391,041 52,166 1,443,207 1,224,804
TOTAL FUNDS CARRIED FORWARD 1,469,859 121,799 1,591,658 1,443,207

Comparatives
for the		 Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities Statement of Financial Activities
Unrestricted Restricted Total
funds funds funds
f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 4,142 4,142
Charitable
activities
Housing
and supported		 costs 4,293,877 69,853 4,363,730
Trading 56,465 25,985 82,450
Non-housing 5,609 177,792 183,401
Other trading
activities		 16,373 16,373
Investment
income		 2,897 2,897
Total 4,379,363 273,630 4,652,993
EXPENDITURE ON
Raising funds 1,186 1,186
Charitable
activities
Housing
and supported		 costs 3,720,105 78,400 3,798,505
Trading 204,878 36,001 240,879
Non-housing 117,551 232,288 349,839
Total 4,043,719 346,689 4,390,408
NET INCOME 335,644 (73,059) 262,585
Transfer of funds to fund4YP Ltd (44,182) (44,182)
Internal
Transfer between		 funds (6,433)
Net movement
in funds		 329,211 (110,808) 218,403
RECONCILIATION
OF		 FUNDS
Total funds brought forward 1,061,830 162,974 1,224,804
TOTAL FUNDS CARRIED FORWARD 1,391,041 52,166 1,443,207

DONATIONS
AND LE		 GA C IES
31.3.23 31.3.22
f
Donations 3,703 4,142
OTHER TRADING ACTIVITIES
31.3.23 31.3.22
f
Fundraising
events		 392 4,346
Electricity and laundry income 243 358
Government
Apprentice		 scheme income 4,177 10,529
Other income and trading activities 1,793 1,140
6,605 16,373
INVESTMENT INCOME
31.3.23 31.3.22
f
Deposit account interest 10,931 2,897
INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Activity f
Room charges Housing and supported costs 3,687,858 3,636,534
Rent - Supported
lodgings		 Housing and supported costs 56,091 51,198
General
counselling
and		 support:
—Supporting
People		 Housing and supported costs 178,291 178,292
—Lodgings Housing and supported costs 29,872 29,872
Grants Housing and supported costs 69,853
Social Housing
Grant		 Housing and supported costs 40,071 25,044
Student placement
fee		 Housing and supported costs (426)
Local Authority
support		 contracts —other Housing and supported costs 434,174 373,364
Grants Trading activities 25,985
Sale ofdonated
goods		 Trading activities 56,326 20,929
Interiors/Pre-loved
sales		 8t services (non Trading activities 46,642 35,535
donated)
Grants Non-housing 335,249 177,792
Contributions
to F4YP		 course Non-housing 5,609
Other trading
income		 (Note 4) Other trading activities 6,605 16,373
Investment
income (Note		 5) 10,931 2,897
4,882,210 4648851

governm ent
initiat		 ives
in response to the		 global COVID-19 pandemic, as follows:
31.3.23 31.3.22
f f
Bedford Borough Council Covid relief 7,905
7,905
7. RAISING FUNDS
Raising donations and legacies
31.3.23 31.3.22
f
Fundraising
event		 costs 1,336 1,186
8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs costs Totals
(See note 9)
Housing and supported
costs		 4,267,352 19,017 4,286,369
Trading activities 313,652 1,751 315,403
Non-housing 133,148 1,206 134,354
4,714,152 21,974 4,736,126
Included in the above are charges for Interest payable, as follows:
31.3.23 31.3.22
Mortgage
interest		 112,041 50,827
Finance charges (NPV) vehicles 5,189 (748)
Otherinterest 519
111,232 50,598

SUPPORT COSTS
Governance
costs
31.3.23 31.3.22
Housing
and supported		 costs 19,017 17,109
Trading activities 1,751 1,085
Non-housing 1,206 1,576
21,974 19,770
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.23 31.3.22
f
Auditors'
remuneration		 12,674 'I0,470
Auditors'
remuneration		 for non-audit work 9,300 9,300
Depreciation
—owned assets		 166,451 150,498
Depreciation
—assets on		 hire purchase contracts and finance leases 11,335 5,919
Other operating
leases		 928,796 981,848
Surplus on disposal of fixed assets 694
Bad debts 27,088 29,995
BOARD AND KEY MANAGEMENT PERSONNEL REMUNERATION AND BENEFITS
31.3.23 31.3.22
f
Key management
personnel		 remuneration 258,179 226,105
Key management
personnel		 pension contributions to money purchase 5,714 4,851
schemes
263,893 230,956

STAFF COST
31.3.23 31.3.22
Wages and salaries 1,830,957 1,642,970
Social security costs 173,600 140,371
Other pension costs 32,893 38,422
2.037.450 1.521,753
The average monthly number of employees during the year was as follows:
31.3.23 31.3.22
Management
Administration 10
Housing
and		 support 37 35
Trading
Training
Maintenance
Youth participation
Fundraising
Re-cycling 4 4
74 71

INCOME F ROM L ETTINGS
31.3.23 31.3.22
f
Hostel rents receivable
excluding		 service charges 3,611,086 3,564,099
Service charges 113,172 120,647
Total hostel rents receivable 3,724,258 3,684,746
Hostel rent losses —voids (36,400) (46,254)
Total hostel rents receivable 3,687,858 3,638,492
Supported lodgings
—rents receivable		 56,091 51,198
Total rents receivable 3,743,949 3,689,690

SURPLUS/(DEFICIT)
ON		 HOUSING
31.3.23 31.3.22
f
INCOME
Total rents receivable 3,743,949 3,687,731
Support contracts —Housing 178,291 178,292
Support contracts —Domestic abuse and Refuges 434,174 373,364
Support contracts —Lodgings 29,872 29,872
Total support contracts 642,337 581,528
Grants 153,841 69,853
Student placement
fees		 (426)
Social housing
grant		 40,171 25,044
Total charitable
income		 attributable to housing 4,580,298 4,363,730
Other income including donations 6,605 16,373
Total income attributable to housing 4,586,903 4,380,103
Costs including
allocated		 overheads (Note 8) 4,286,369 3,798,505
Surplus
on housing		 300,534 581,598

TURNOVER
31.3.23 31.3.22
f
Housing
and supported		 activities 4,426,457 4,363,731
Trading
activities		 102,968 82,449
Non-housing activities 335,249 183,401
Other trading activities 6,605 16,373
Total reported turnover 4,871,279 4,645,954
SOCIAL HOUSING
GRANT
31.3.23 31.3.22
Social housing grant amortised during the year 40,171 25,044
Total amount amortised at the beginning ofthe year 539,257 514,213
Total amortised
at the		 end ofthe year 579,428 539,257
Deferred
social housing		 grant at the end of the year 1,468,401 438,053
Total amount ofsocial housing grant received 2,047,829 1,487,266

Freehold Fixtures Motor Assets under Totals
property and Vehicles Construction
Fittings
f
COST
At 1April 2022 4,645,979 367,000 83,038 5,096,017
Transfer (5,871) 5,871
Additions 90,661 36,343 11,760 345,278 484,043
Disposals
At 31March 2023 4,730,769 403,343 94,798 351,149 5,580,060
DEPRECIATION
At 1April 2022 719,301 280,436 31,401 1,031,138
Charge for year 126,181 39,212 12,393 177,786
DisposaIs
At 31March 2023 845,482 319,648 43,794 1,208,924
NET BOOK VALUE
At 31March 2023 3,885,287 83,695 51,004 351,149 4,371,136
At 31March 2022 3,926,678 86,564 51,637 4,064,879

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
COST
At 1 April 2022 and 31 March 2023 45,080
DEPRECIATION
At 1 April 2022 13,795
Charge for year 11,335
At 31 March 2023 25,130
NET BOOK VALUE
At 31 March 2023 19,950
At 31 March 2022 31,285
19. STOCKS
31.3.23 31.3.22
Stocks 28,249 19,368

31.3.23 31.3.22
Trade debtors 42,951 4,975
Rental debtors 151,615 193,567
Other debtors 2,760 (529)
Value Added Tax 6,177 4,392
Accrued Income 44,208 46,125
Prepayments 121,297 103,897
369,008 352,427
Amounts
falling due after		 more than one year
Prepayments
and accrued		 income 3,600 3,400
Aggregate
amounts		 372,608 355,827
Rental debtors are net of bad debt provision off67,535(2022:f43,260).
21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
f
Bank loans and overdrafts (see note 23) 96,928 511,928
Finance leases (see note 24) 8,021 8,021
Trade creditors 220,978 45,288
Other creditors 153,373 104,806
Accruals and deferred income 224,450 317,351
Deferred
government		 grants 31,345 29,745
735,095 1,017,139
22. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
Bank loans (Note 23) 2045,998 2,078,200
Hire purchase contracts and finance leases (see note 24) 9,079 12,119
Accruals and deferred income 148,300 155,623
Deferred government grants 1,437,056 918,264
3,640,433 3,164,206

An analysis ofthe maturity
of loans is given below:
31.3.23 31.3.22
Amounts
falling due within one year on demand:
Bankloans 96,928 511,928
Amounts
falling between one and two years:
Bank loans
—1-2years		 96,928 108,248
Amounts
falling due between two and five years:
Bank loans
—2-5 years		 1,949,070 1,969,952

Minimum
lease		 payments
fall due as follo		 ws:
Finance leases
31.3.23 31.3.22
Net obligations repayable:
Within one year 8,021 8,021
Between one and five years 9,079 12,119
17,100 20,140
Non-cancellable
operating leases
31.3.23 31.3.22
s f
Within one year 999,913 915,684
Between one and five years 3,452,947 2,735,560
In more than five years 11,808,546 8,690,466
16,261,406 12,341,710
25. SECURED DEBTS
The following secured debts are included within creditors:
31.3.23 31.3.22
Bank loans 2,142,926 2,590,128
Finance leases 17,100 20,140
2,160,026 2,610,268

ANALYSIS O F N ET ASSETS BET WEEN FUNDS
31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds Funds Funds
Fixed assets 4,371,136 4,371,136 4,064,879
Current assets 1,474,251 121,799 1,596,050 1,559,673
Current
liabilities		 (735,095) (735,095) (1,017,136)
Long-term liabilities (3,640,433) (3,640,433) (3,164,209)
1,469,859 121,799 1,591,658 1,443,207
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
f f
Unrestricted funds
General fund 1,041,006 53,930 (67,961) 1,026,975
Major Property Repairs Reserve 345,672 97,212 442,884
Welcome packs 1,522 (1,522)
PIE Fund 2,841 (2,841)
1,391,041 53,930 24,888 1,469,859
Restricted funds
Skills4 6,520 5,613 12,133
4mation-charitable 6,646 6,583 13,229
Domestic Abuse projects 15,639 23,952 39,591
Community Food Larder 5,153 30,510 35,663
Housing 18,208 2,975 21,183
52,166 69,633 121,799
TOTAL FUNDS 1,443,207 123,563 24,888 1,591,658

Net
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 4,554,131 (4,475,312) 78,818
4,379,362 (4,475,312) 78,818
Restricted funds
Skills4 27,456 (21,843) 5,613
Interiors/Pre-Loved 31,121 (24,538) 6,583
Domestic Abuse projects 84,281 (60,329) 23,952
Community Food Larder 62,538 (32,028) 30,510
Housing 126,385 (123,410) 2,975
331,781 (262,149) 69,633
TOTAL FUNDS 4,885,912 (4,767,460) 148,451
Comparative Net movement in funds
Net Transfers
Movement between
At 1.4.21 in funds funds At 31.3.22
K
Unrestricted funds
General fund 791,037 334,458 (84,489) 1,041,006
Major Property Repairs Reserve 265,801 79,871 345,672
F4YP/Young People 1,815 (1,815)
Welcome packs 2,151 (629) 1,522
PIE Fund 2,841 2,841
1,061,830 335,644 (6,433) 1,391,041

MOVEMENT
Comparative		 IN FUNDS - c
Net movement		 ontinued
in funds, included		 in the above, are as follows:
Net Transfers
Movement between
At 1.4.21 in funds funds At 31.3.22
f f
Restricted funds
F4YP/Young People 30,332 10,763 3,087
Skills4 16,412 (10,743) 851 6,520
Interiors/Pre-Loved 13,099 822 (7,275) 6,646
Domestic Abuse projects 54,236 (38,597) 15,639
Food4 47,395 (44,550) 2,308 5,153
Housing 1,500 16,251 187 18,208
162,974 (73,059) 6,433 52,166
TOTAL FUNDS 1,224,804 262,585 1,443,207
Comparative Net movement in funds, included in the above, are as follows:
Incoming Resources Movement
resources expended in funds
f
Unrestricted funds
General fund 4,372,574 (4,045,179) 327,396
F4YP 6,787 (4,972) 1,815
4,379,362 (4,050,151) 329,211
Restricted funds
F4YP 151,528 (181,860) (30,332)
Skills4 22,873 (32,765) (9,982)
Interiors/Pre-Loved 18,080 (24,533) (6,453)
Retail (COVID) 7,905 (7,905)
Domestic Abuse projects 16,576 (55,173) (38,597)
Food4 2,500 (44,742) 42,242
Housing 54,169 (37,461) 16,708
273,671 (384,439) (110,808)
TOTAL FUNDS 4,652,993 (4,434,590) 218,403

31.3.23 31.3.22
s f
Financial assets —measured at amortised cost:
Debt instruments
Debtors 247,711 248,530
Financial liabilities —measured at amortised cost
Bank loans and overdrafts 2,142,926 2,590,128
Creditors —other 391,451 170,234
2,534,377 2,760,362