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2021-12-31-accounts

Board Report I to 3
Independent
Auditors'		 Report 4 to6
Statement ofComprehensive Income
Balance Sheet
Cash Flow Statement
Statement ofChanges in Reserves 10
Notes to the Finaacial Statements 11to 16

2021 2020
Note 8 K
Turnover
Administrative
expenditure		 5
2		 ~57.575
27,667		 (26,936)
28,115
Operating
surplus/(deficit)		 (9,408) 1,179
Income &om fixed asset investments 1,412 1,572
Interest receivable
and similar income		 3 51
Movements
in fair value offinancial
instruments
Surplus/(deficit)
for the year
Total comprehensive
income for the year		 3,318
~(4.675
(4."7 7		 (3,227)
(425)
~(

Balance Sheet as at31De cember 2021
2021 2020
Note g
Fixed assets
Tangible assets 339,921 340,667
Investments 42,182 38,152
382,103 378,819
Current assets
Debtors 1,766 1,666
Cash at bank and in hand 19,801 31,384
21,567 33,050
Creditors: Amounts falling due within one year (4,904) (4,844)
Net current assets 16,663 28,206
Total assets less current liabilities 398,766 407,025
Creditors: Amounts falling due after more than one year 10 (156,933) (160,517)
Net assets 241,833 246,508
Reserves
Income and expenditure reserve 221,008 229,001
Unrestricted revaluation reserve 20,825 17,507
Total Reserves 241,833 246,508

2021 2020
Net expenditure (4,675) (425)
Investment
income		 (1,415) (1,623)
Depreciation 11,438 10,970
(Profit) /loss on revaluation offixed asset investments (3,318) 3 227
(Jncrease)/decrease
in debtors		 (100) 229
Decrease in creditors (3,524) (3,524)
Net cash (outflow)/inflow (1,594) 8,854
Cash flow statement
2021 2020
Net cash (outflow)/inflow &om operating activities (1,594) 8,854
Returns
on investments
and servicing offinance
Interest received 1,415 1,623
Capital expenditure
and		 financial investment
Purchase oftangible fixed assets (10,692) (10,656)
Purchase ofinvestments (712) (830)
(11,404) (11,486)
Decrease in cash in the year (11,583) (1,009)
Reconciliation
ofnet cash		 flow to movement in net funds
Decrease in cash (11,583) (1,009)
Net funds at I January 2021 31,384 32,393
Net funds at 31December 2021 19,801 31,384

Statement ofChang es
in Reserves as at 31		 December 202 1
Income and
expenditure		 Revaluation
reserve		 Total
reserve
At 1January 2021 229,001 17,507 246,508
Surplus/(deficit)
for the year		 (7,993) (7,993)
Revaluation oftangible fixed assets 3,318 3,318
Total comprehensive income (7,993) 3,318 (4,675)
At 31December 2021 221,008 20,825 241,833

over their expected us eful economic life as follows:
Asset class Depreciation
method		 and rate
Equipment 20%straight line basis
Fixtures &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
turn		 o ver an d costs
2021 2020
Turnover
Service charges receivable 24,083 24,531
Amortised
government		 grants 3,584 3,584
Turnover
from social		 housing lettings 27,667 28,115
Administrative
expenditure
Management (4,289) (3,542)
Service charge costs (1,902) (2,351)
Routine maintenance (17,511) (8,296)
Depreciation ofhousing properties (11,438) (10,970)
Other costs (1,935) (1,777)
(37,075) (26,936)
Operating
surplus
on		 social housing lettings (9,408) 1,179
3
Surplus
on ordinary		 activities is stated atter charging/(crediting):
2021 2020
Audit fees
Audit ofthe fmanciat statements 575 550
Accountancy
fees		 525 500
Depreciation offreehold property 10,603 10,135
Depreciation offixtures and fittings 835 835
Amortisation
ofgovenunent		 grants (3,584) (3,584)

4
Accommodation
owned and in management
Number ofunits Number ofunits
at 1January at31December
2021 2021
Housing accommodation
5
Tangible fixed assets
Housing
properties
for		 Property plant
letting and machinery Total
Cost
At 1 January 2021 398,095 14,149 412,244
Additions 10,692 10,692
At 31December 2021 408,787 14,149 422,936
Depreciation
At 1 January 2021 62,372 9,205 71,577
Charge for the year 10,603 835 11,438
At 31December 2021 72,975 10,040 83,015
Net book value
At 31December 2021 335,812 4,109 339,921
At 31December 2020 335,723 4,944 340,667

2021 2020
42, 182 38,152

Other investments
Listed
investments Total
Valuation
At 1 January 2021 38,152 38,152
Revaluation 3,318 3,318
Additions 712 712
At 31December 2021 42,182 42,182
Carrying
amount
At 31December 2021 42,182 42,182
At 31December 2020 38,152 38,152

8
Debtors
2021 2020
Prepayments 1,766 1,666
9
Creditors:		 amounts falling due within one year
2021 2020
Accruals 1,320 1,260
Grants 3,584 3,584
4,904 4,844

2021 2020
Harrogate Borough Council Loan 10,000 10,000
Grants 146,933 150,517
156,933 160,517