Christian Action continues to maintain a strong asset base and is well positioned to respond to the current challenging economic circumstances.
We are a not for profit charity and all of our resources are invested in housing or used to provide services to our customers.
During the year ended 31st March 2011, our turnover increased to £11.4M on assets (our housing stock) now valued at over £123M.
Christian Action acknowledges the generous funding and support that it receives from the Housing Corporation, our Local Authority partners, and a number of charitable trusts, foundations, churches and individuals.
Our work has been supported by the Big Lottery Fund, Garfield Weston Foundation, The Henry Smith Foundation, Goldsmith’s Company, Albert Hunt Trust, Bridge House Estates, London Borough of Enfield, Anon Gift Aid, The Trustees of the Priory Foundation, HSBC Trust Company Ltd, Edmonton Aid in Sickness, The Trusthouse Charitable Foundation, The Quakers, St. Andrew’s Parish Church, St. Margaret’s URC, Foyer Federation, Channel 4, LBB Childrens’ Project Charitable Trust, Eric Robey Trust, Enfield Children’s Centre Fund, Enfield and Ministry of Justice.
INCOME AND EXPENDITURE ACCOUNTfor the year ended 31st March 2011 |
2011 £ |
2010 £ |
|
Turnover Operating costs |
11,389,352 (10,529,683) |
10,708,847 (9,518,797) |
|
Operating surplus |
859,669 |
1,190,050 |
|
Profit/loss on sale of property |
555,587 |
32,579 |
|
Interest receivable and similar income Interest payable and similar charges |
636 (642.987) |
21,618 (942,544) |
|
Surplus for the year |
772,905 |
301,703 |
|
BALANCE SHEET as at 31st March 2011 |
|
|
|
Housing Properties -Net Cost -Social Housing Grant |
123,670,652 (65,315,155) |
103,838,439 (53,846,195) |
|
Other |
58,355,497 170,318 |
9,992,244 160,651 |
|
Tangible Fixed Assets Investments |
58,525,815 1 |
50,152,895 1 |
|
|
58,525,816 |
50,152,896 |
|
Current Assets Investments Debtors Cash at band and in hand |
1,000 800,931 897,956 |
1,000 654,742 266,865 |
|
|
1,699,887 |
922,607 |
|
Current Liabilities Creditors: amounts falling due within one year |
(6,269,383) |
(5,780,746) |
|
Net current liabilities |
(4,569,496) |
(4,858,139) |
|
Total assets less current liabilities |
53,956,320 |
45,294,757 |
|
Creditors: amounts falling due after more than once year |
(42,156,426) |
(34,248,767) |
|
Net Assets |
11,799,894 |
11,045,990 |
|
Capital and Reserves Called up share capital Unrestricted reserves Restricted fund Negative goodwill |
29 7,561,952 358,530 3,879,383 |
29 6,784,419 363,157 3,898,385 |
|
Association’s funds |
11,799,894 |
11,045,990 |