2020-12-31-accounts - Harcourt Almshouse Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Registered Social Housing Provider Information	Registered Social Housing Provider Information
Board Report		2to 5
Independent Auditors'	Report	6to 9
Statement ofComprehensive Income		10
Balance Sheet
Cash Flow Statement		12
Statement ofChanges	in Reserves	13
Notes to the Financial	Statements	14to 20

			2020	2019
		Note
Turnover			28,115	27,984
Administrative expenditut'e		2	(26,936)	(26,773)
Operating surplus/(deficit)			1,179	1311
Income tom fixed asset investments			1,572	1,742
Interest receivable and similar income			51	131
Movements in fair value offinancial	instruments		(3,227)	4,349
Surplus/(deficit) forthe year			(425)	7,433
Total comprehensive income for the year			(425)	7,433

					2020	2019
				Note		8
Fined assets
Tangible assets					340,667	340,981
Investments					38 152	40,549
					378,819	381,530
Current assets
Debtors					1,666	1,895
Cash at bank	and in	hand			31,384	32,393
					33,050	34,288
Creditors: Amounts		falling due within one year			(4,844)	(4,784)
Net current	assets				28,206	29,504
Total assets	less current		liabilities		407,025	411,034
Creditors: Amounts		falling due after more than one year		10	(160517)	(164,101)
Net assets					246,508	246,933
Reserves
Income and expendimre			reserve		229,001	226,199
Unrestricted	revaluation		reserve		17,507	20,734
Total Reserves					246,508	246,933

				2020	2019
Net (expenditure)/income				(425)	7,433
Investment income				(1,623)	(1,873)
Depreciation				10,970	10,671
(Profit) /loss on revaluation offixed		asset investments		3227	(4,349)
Decrease/(increase) in debtors				229	(80)
Decrease in creditors				(3,524)	(3,524)
Net cash inflow				8,854	8,278
Cash flow statement
				2020	2019
Net cash inflow from operating	activities			8,854	8,278
Returns on investments and servicing offinance
Interest received				1,623	1,873
Capital expenditure and financial		investment
Purchase oftaagible fixed assets				(10,656)	(18,157)
Purchase ofinvestments				(830)	(1,000)
				(11,4&6)	(19,157)
Decrease in cash in the year				(1,009)	(9,006)
Reconciliation ofnet cash liow	to	movement	in net funds
Decrease in cash				(1,009)	(9,006)
Net funds at 1 January 2020				32,393	41,399
Net funds at 31December 2020				31,384	32,393

Statement ofChanges	in Reserves as at 31De	cember 2020
	Income and expenditure	Revaluation reserve	Total
	reserve
At 1January 2019(as restated)	226,199	20,734	246,933
Surptusl(deficit) for the year	3,084		3,084
Revaluation oftangible fixed assets		(3,227)	(3,227)
Total comprehensive income	3,084	(3,227)	(143)
At 31December 2019	229,283	t7,507	246,790

value, over their expec	ted useful economic life as foll	ows:	ows:
Asset class		Depreciation method		and rate
Equipment		20%straight	line basis
Fixtures St fittings		10%straight	line basis
Roofs		2%straight	line basis
Doors and windows		3.33%straight line basis
Kitchens		5%straight	line basis
Bathroom		4%straight	line basis
Boilers		6.67%straight line basis
Electrical and heating	installations	4%straight	line basis

2 Social housing t	urn	over an	d cost	s
					2020	2019
					8
Turnover
Service charges receivable					24,531	24,400
Amortised government		grants			3,584	3,584
Turnover from social		housing	lettings		28,115	27,984
Administrative expenditure
Management					(3,542)	(3,033)
Service charge costs					(2,351)	(2,235)
Routine maintenance					(8,296)	(9,344)
Depreciation ofhousing		properties			(10,970)	(10,671)
Other costs					(1,777)	(1,490)
					(26,936)	(26,773)
Operating surplus	on	social housing		lettings	1,179	1,211
Void losses						427

3 Surplus ou ordinary	ac	tivities is stated after charging/(	crediting):
			2020	2019
Audit fees
Audit ofthe financial	statements		550	525
Accountancy fees			500	475
Depreciation offieehotd	property		10,135	9,660
Depreciation offixtures	and	fittings	835	1,011
Amortisation ofgovernment		grants	(3,584)	(3,584)

5 Accommodation owned and in managem	ent	ent
	Number		ofunits	Number ofunits
	atl	January		at 31December
		2020			2020
Housing accommodation
6 Tangible fixed assets
	Housing
	properties for		Property	plant
	letting		and machinery		Total
Cost
At 1 January 2020	387,439		14,149		401,588
Additions	10,656				10,656
At 31December 2020	398,095		14,149		412,244
Depreciation
At 1 January 2020	52,237			8,370	60,607
Charge for the year	10,135			835	10,970
At 31December 2020	62,372			9,205	71,577
Net book value
At 31December 2020	335,723			4,944	340,667