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|INDEX||||
|---|---|---|---|
||||Page|
|INFORMATION||||
|STRATEGIC REPORT|||3 —23|
|BOARD REPORT|||24 —25|
|INDEPENDENT
AUDITOR'S|REPORT||26-29|
|STATEMENT OF COMPREHENSIVE||INCOME|30|
|STATEMENT OF FINANCIAL|POSITION||31|
|STATEMENT OF CHANGES|IN RESERVES||32|
|STATEMENT OF CASH FLOWS|||33|
|NOTES TO THE FINANCIAL|STATEMENTS||34-52|
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|SENIOR LEADERS|HIP TEAM:|||
|---|---|---|---|
|Andrew
Redfern|Chief Executive|||
|Suzanne
Williamson|Director of Finance, Governance
8 Risk|||
|Claire Hardwick|Operations
Director (Appointed 01.04.2020)|||
||Director of Corporate|Services (Until 31.03.2020)||
|Lisa Del Buono|Service Director|||
|Dave Smith|Service Director|||
|Apollos Clifton-Brown|Director of Health and|Social Care||
|Dave Newmarch|Director of Corporate|Services (Appointed 01.06.2020)||
|COMPANY|Suzanne
Williamson|||
|SECRETARY:||||
|REGISTERED|Val Roberts House, 25 Gregory Boulevard,|||
|OFFICE:|Nottingham
NG7 6NX|||
||Tel: (0115)841 7711|E-Mail:
info@frameworkha.|org|
|AUDITOR:|Beever and Struthers,|StGeorge's House, 215-219Chester Road,||
||Manchester
M154JE|||
|SOLICITORS:|Actons, 20 Regent Street, Nottingham
NG1 5BQ|||
|BANKERS:|National Westminster|Bank Pic, Nottingham
City|Branch|
||148-149Victoria Centre,
Nottingham
NG1 3QT|||
|REGISTERED CHARITY No:||1060941||
|REGISTERED PROVIDER OF SOCIAL HOUSING No:
LH4 184||||
|COMPANY REGISTRATION No:||331840||
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|amework's|Additional
VFM Metric|s (continued)|||
|---|---|---|---|---|
|Framework|VfM Measure|Budget|2020/'21|2019/'20|
|||2020/'21 (8)|(2)|(2)|
|Cost per Service User by Pillar:|||||
|Housing||11,805|11,527|10,141|
|Health||1,044|1,162|1,100|
|Employment||1,483|1,297|1,161|
|Support||1,981|1,924|1,647|
|Cost per Hour ofService by Pillar:|||||
|Housing||26.27|24.51|31.35|
|Health||35.13|30.34|30.52|
|Employment||29.94|26.24|31.50|
|Support||21.71|19.69|21.85|
|Central Cost|as a%of the Total|14 59o/|1734%|1457%|
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|||Note|2020/21|2019/20|
|---|---|---|---|---|
||||f000|f000|
|Turnover|||47,528|45,241|
|Operating
expenditure|||45,086)|(44,180)|
|Operating
surplus|||2,442|1,061|
|Surplus on disposal ofproperty||||145|
|Finance income||||23|
|Interest snd financing costs|||(206)|(269)|
|Surplus for the year|||2,241|960|
|Actuarial loss in respect ofpension schemes||16|(864)|104|
|Total comprehensive|income for the year||1,377|1,064|
##
||Note|2020/21|2019/20|
|---|---|---|---|
|||8000|8000|
|FIXEDASSETS||||
|Tangible assetsi||||
|Property, Plant and Equipment||78,324|72,467|
|Depreciation||(12,039)|(10,687)|
|||66/85|61,780|
|CURRENT ASSETS||||
|Debtors|12|2,992|3,913|
|Cash and Investments|13|9,908|10,492|
|||12,900|14,405|
|CREDITORS: AMOUNTS FALLING||||
|DUE WITHIN ONE YEAR|14|(6,737)|(7,586)|
|NET CURRENT ASSETS||6,163|6,819|
|TOTAL ASSETSLESS||||
|CURRENT LIABILITIES||72,448|68,599|
|CREDITORS: AMOUNTS FALLING||||
|DUE AFTER MORE THAN ONE YEAR||||
|Deferred government
grants|15b|35,069|33,577|
|Long Term Loans|15a|9,567|9,547|
|||44,636|43,124|
|NET ASSETSBEFOREPENSION LIABILITY||27,812|25,475|
|Defined benefit pension liability|16|2,086|1,126|
|NET ASSETS||25&726|24,349|
|CAPITAL AND RESERVES||||
|Called up Share Capital|17|||
|Revenue Reserves||25,726|24,349|
|||25&726|24@49|
##
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|INCOM|E
dk EXPENDITURE RESERVES|||
|---|---|---|---|
|||Note||
||||f000|
|At 1stApril 2020|||24,349|
|Surplus|for year||2,241|
|Actuarial|loss in respect ofpension schemes|16|(864)|
|Revenue|Reserves as at31stMarch 2021||25,726|
||||f000|
|At 1stApril 2019|||23,285|
|Surplus|for year||960|
|Actuarial|gain in respect ofpension schemes|16|104|
|Revenue|Reserves as at31stMarch 2020||24,349|
##
||||Note|2020/21|2019/20|
|---|---|---|---|---|---|
|||||f000|f000|
|Cash generated
from operating
activities||||||
|Surplus for the year||||2,241|960|
|Adjustment
for non cash items||||||
|Depreciation ofproperty,
plant|and equipment||11|1,389|1,429|
|Decrease/(Increase)
in Debtors|||12|921|(987)|
|(Decrease)/Increase
in Creditors|||14|(864)|2,679|
|Pension costs less contribution|payable||16|141|214|
|(Profit) on disposal ofproperty,|plant and equipment||||(145)|
|Government
grants utilised in the year|||15b|(508)|(552)|
|Interest received||||(5)|(23)|
|Interest payable||||206|76|
|Amounts
charged to financing
costs||||(45)|(51)|
|Cash generated
by operating|activities|||3,476|3,600|
|Cash flows from investing
activities||||||
|Purchase ofproperty,
plant and|equipment|||(5,894)|(1,603)|
|Proceeds &om the sale ofproperty,
plant and equipment|||||394|
|Grants received||||2,021|1,418|
|Interest received|||||23|
|Net cash flows from investing|activities|||(3,873)|232|
|Cash flows &om financing
activities||||||
|Interest Paid||||(222)|(76)|
|New Loans||||500||
|Loan repayments||||(465)|(417)|
|Net cash flows from financing|activities|||(187|(493)|
|Net(decrease)/increase
in cash and cash||equivalents||(584|3,339|
||||Note|2019/20|2019/20|
|||||f000|f000|
|Cash and cash equivalents
at beginning||ofyear|13|10,492|7,153|
|Net (decrease)/increase
in cash|and cash equivalents|||(584)|3,339|
|Cash and cash equivalents
at end ofyear|||13|9,908|10,492|
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|expected useful eco|nomic lives at the follo|wing
ann|
|---|---|---|
|Land||n11|
|Buildings-|Superstructure|1.25%|
|Buildings-Roof||2%|
|Buildings-Heating
Systems||2.5%|
|Buildings|- Electrical systems|3%|
|Buildings|- Fixtures &Fitting:|5%|
|Furniture
t~t|and Equipment|33%|
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|NOTES TO THE FINANCIAL STATEMENTS
FORTHE YEARENDED 31stMARCH 2021(CONTINUED)|NOTES TO THE FINANCIAL STATEMENTS
FORTHE YEARENDED 31stMARCH 2021(CONTINUED)|NOTES TO THE FINANCIAL STATEMENTS
FORTHE YEARENDED 31stMARCH 2021(CONTINUED)|NOTES TO THE FINANCIAL STATEMENTS
FORTHE YEARENDED 31stMARCH 2021(CONTINUED)||
|---|---|---|---|---|
|3
TURNOVER, OPERATING COSTS AND OPERATING SURPLUS|||||
||||2020/21|2019/20|
|TURNOVER|||f000|f000|
|Rent and service charges receivable|||17,441|16,926|
|Community
care contracts|||1,582|1,448|
||||19,023|18&374|
|Statutory revenue income|(Note 4)||9,020|8,724|
|Housing Related Support contracts|||11333|11,023|
|Amortised
government
grant|||508|552|
|Specific charitable income|(Note 4)||4,055|4,052|
||||43,939|42,725|
|Non specitic charitable
giving||(Note 4)|997|633|
|Other|||2,592|1,883|
|TOTAL TURNOVER|||47,528|45,241|
|OPERATING COSTS|||||
|Services|||30,959|29,816|
|Management|||9,161|8,641|
|Maintenance|||2,983|3,425|
|Development|||167|163|
|Fund raising|||196|174|
|Bad debts|||231|531|
|Depreciation|||1,389|1,430|
|TOTAL OPERATING COSTS|||45,086|44,180|
|OPERATING SURPLUS FORTHE YEAR|||2,442|1,061|
|Analysis ofVoids|||f000|f000|
|Voids Irom lettable properties|||1,965|1,875|
|Total Voids|||1,965|1,875|
##
|3a
PARTICULARS OFTURNOVER,|OPERATING EXPENDITURE AND|OPERATING EXPENDITURE AND|OPERATING EXPENDITURE AND|
|---|---|---|---|
|OPERATING SURPLUS||||
||2020/21|2020/21|2020/21|
|||Operating|Operating|
||Turnover|Expenditure|Surplus/(Deficit)|
||f000|8000|f000|
|Social Housing Lettings (Note 3b)|22,767|20,723|2,044|
|Other Social Housing Activities||||
|Charges for support services|10,719|10,657|62|
|Total Social Housing|33,486|31,380|2,106|
|Activities other than Social Housing|14,042|13,706|336|
|Total Non- Social Housing|14,042|13,706|336|
|Total|47,528|45,086|2,442|
|3a
PARTICULARS OFTURNOVER,|OPERATING EXPENDITURE AND|||
|OPERATING SURPLUS||||
||2019/20|2019/20|2019/20|
|||Operating|Operating|
||Turnover|Expenditure|Surplus/(Deficit)|
||f000|f000|f000|
|Social Housing Lettings (Note 3b)|21,288|20,429|859|
|Other Social Housing Activities||||
|Charges for support services|10,471|10,321|150|
|Total Social Housing|31,759|30,750|1,009|
|Activities other than Social Housing|13,482|13,295|187|
|Total Non- Social Housing|13,482|13,295|187|
|Total|45,241|44,045|1,196|
##
|||Social Housing|Social Housing|
|---|---|---|---|
|||2020/21|2019/20|
|Income||5000|"2000|
|HB eligible rent &service charges||18,220|17,585|
|HB ineligible rent &service charges||803|789|
|Amortised
government|grants|508|552|
|Other grants||3,236|2,362|
|Turnover
from Social|Housing Lettings|22,767|21&288|
|Operating
Expenditure||||
|Management||5,526|4,475|
|Service Charge Costs||8,865|8,770|
|Routine Maintenance||2,755|3,282|
|Planned Maintenance||938|1,310|
|BadDebts||242|456|
|Depreciation ofhousing|properties|1,025|1,064|
|Depreciation ofother tangible fixed assets||268|365|
|Other costs||1,104|707|
|Operating
Expenditure|on Social Housing Lettings|20,723|20,429|
|Operating
Surplus||2,044|859|
|Void Losses||1,965|1,875|
##
|4
GRANTS AND DONATIONS RECEIVABLE|4
GRANTS AND DONATIONS RECEIVABLE|4
GRANTS AND DONATIONS RECEIVABLE|||||
|---|---|---|---|---|---|---|
|||||2020/21||2019/20|
|||||f000||%000|
|STATUTORY SOURCES|||||||
|Leicester, Leicestershire|&Rutland|Councils (Edwin)||478||521|
|MHCLG - City ofLincoln Council||||561||550|
|MHCLG- Nottingham|City|||746||570|
|MHCLG Sheffield|||||30|30|
|Nottingham
City CDP|(MVH )||||28|28|
|Nottingham
City Council (Rough||Sleepers)||235||235|
|Nottingham
City CDP|(Clean Slate)||||946|982|
|Nottingham
City CDP|(Nottingham|Recovery Network)||4,084||4,278|
|Notlingham
City CCG|Mental Health &Wellbeing||||314|375|
|Nottingham
City CDP|(HALT)||||112|134|
|Nottingham
City Council (Edwin)|||||284|284|
|Sheffield City Council|(Street outreach)||||194|197|
|MHCLG - Ashfield DC (SOT County)|||||652|390|
|Nottingham
Citycare Partnership
(HISU)|||||112||
|Other Statutory Grants|||||244|150|
|Total||||9,020||8,724|
|SPECIFIC CHARITABLE SOURCES|||||||
|BBC-CIN (EVE)|||||18|26|
|BigLottery Fund (Opp|Nottm)|||1,429||1,556|
|Heritage Funding
(Nature in Mind)||||||80|
|BigLottery (Opportunity
&Change)||||1,422||1,476|
|SSBC(Family Mentor|&Aspley Mentor)|||1,068||742|
|BigLottery (Homeless|to Home)||||66|136|
|BBOLinc - UC Move|||||28|34|
|Other Specific Grants|||||24|2|
|Total||||4,055||4,052|
|OTHER GRANTS AND DONATIONS|||||||
|Grants and Donations|||||997|633|
|Total|||||997|633|
||||Grand Total|14,072||13409|
##
|FOR THE YEAR ENDED 31stMARCH 2021 (C|ONTINIJED)||
|---|---|---|
|5
FINANCE INCOME|||
||2020/21|2019/20|
||f000|f000|
|Bank interest receivable||23|
|||23|
|6
INTEREST AND FINANCING COSTS|||
||2020/21|2019/20|
||f000|f000|
|Bank loans and overdraits|222|279|
|Costs associated with financing|||
|Net interest on defined benefit liability (Note 16)|26|25|
||248|304|
|Borrowing costs capitalised
at 1.95%-2020(2.6%)|~(42|(35)|
||206|269|
|7
SURPLUS FORTHE YEAR|||
||2020/21|2019/20|
||f000|%000|
|Surplus for the year is stated after charging:|||
|Depreciation
on housing properties|1,103|1,064|
|Depreciation
on other fixed assets|286|365|
|External Auditor's
Remuneration
(excluding VAT)|||
|-Audit-related
assurance services|25|22|
|Operating
lease charges on land and buildings|1,927|1,896|
|Operating
lease charges on other assets|167|131|
|8
TAXATION|||
##
|9
STAFFCOSTS|9
STAFFCOSTS|9
STAFFCOSTS|||||
|---|---|---|---|---|---|---|
||||||2020/21|2019/20|
||||||f000|f000|
|Staffcosts including|directors:||||||
|Wages and salaries|||||22,921|21,702|
|Redundancy
costs|||||80|62|
|Social security costs|||||1,617|1,504|
|Other pension costs|||||985|1,018|
|Total|||||25,603|24)286|
|The full Time Equivalent||number|ofstaff who received emoluments,||including|pension|
|contribution,
in excess off60,000 are||||shown below.|||
||||||2020/21|2019/20|
||||||No.|No.|
|Salary Band f000|||||||
|60,000 - 69,999|||||||
|70,000 —79,999|||||||
|80,000 —89,999|||||||
|90,000 —99,999|||||||
|100,000-109,999|||||||
|Average number offull||time equivalent||persons (FTE)employed:|2020/21|2019/20|
||||||No.|No.|
|||||||Restated|
|Supported
Housing|||||502|439|
|Tenancy Sustainment|||||155|120|
|Fundraising
and Communications|||||8|6|
|Management
and Administration|||(Central Office)||81|70|
|Care Home|||||81|69|
|Non Housing related|service staff||||291|247|
|Average number ofFTEemployees||||during the year|1,118|951|
##
##
|10
DIRECTORS' REMUNERATIO
Key management
personnel
remuneration|N
AND TRAN|SACTIONS||
|---|---|---|---|
|||2020/21|2019/20|
|||f000|f000|
|Directors who are executive staff members||||
|Wages and salaries||402|364|
|Loss ofOffice payment|||30|
|Social security costs||46|42|
|Other pension costs|Page 45|24|26|
##
##
##
|s||
|---|---|
|2020/21|2019/20|
|F000|8000|
||84|
##
|||Properties
in|Properties
in|Properties
in|Plant and||
|---|---|---|---|---|---|---|
|||Management||Development|Equipment|Total|
||||f000|f000|f000|%000|
|COST|||||||
|At 1stApril 2020|||68,666|2,359|1,442|72,467|
|Additions
during the year||||5,404|403|5,807|
|Capitalised
Repairs|||87|||87|
|Transferred
on completion|||2,756|(2,756)|||
|Disposals during the year|||(37)|||(3/)|
|Total at 31stMarch 2021|||71,472|5,007|1,845|78,324|
|DEPRECIATION|||||||
|At 1stApril 2020|||9,449||1,238|10,687|
|Charge for the year|||1,103||286|1,389|
|Disposals during
the year|||(3'7)||0|(37)|
|Total at 31stMarch 2021|||10,515||1,524|12,039|
|NET BOOK VALUE|||||||
|At 1stApril 2020|||59,217|2,359|204|61,780|
|At 31stMarch 2021|||60,957|5,007|321|66,285|
|Included in properties
in management|||is Anvil House (formerly||"Scotter House" )which is||
|subject to a60year lease|at anet|book|value of51,676k.||||
|Expenditure
on own properties|||||2020/21|2019/20|
||||||f000|8000|
|Capitalised
development|costs||||5,404|1,264|
|Repairs and Maintenance|charged|to operating
expenditure|||686|775|
|Total expenditure
on own properties|||||6,090|2,039|
##
##
|12
DEBTORS|||||
|---|---|---|---|---|
||||2021|2020|
||||f000|f000|
|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|Rent, service, support
snd community
care charges (Note
Less: Provision for bad debts
Net rent, service and support charges||below)|1,070
1,063
(390) ~299)
770
764||
|Prepayments
and accrued income|||616|1,004|
|Grants snd loans receivable|||1,600|2,145|
|Other taxation and social security|||6||
|Debtors at 31stMarch|||2,992|3,913|
|No disclosure has been made ofthe amount ofthe net present value adjustment
where a|||||
|repayment
schedule is in place as the amount is considered||to be minimaL|||
|13
CASH AND INVESTMENTS|||||
||||2021|2020|
||||f000|f000|
|Cash|||115|207|
|Current Account|||9,793|10,285|
|Cash and Investments
at31stMarch|||9,908|10&492|
|14
CREDITORS|||||
||||2021|2020|
|AMOUNTS FALLING DUE WITHIN ONE YEAR|||F000|f000|
|Accruals and deferred income|||3,400|2,000|
|Trade creditors|||1,639|3,941|
|Other creditors|||572|541|
|Other creditors
—Covid related provision||||135|
|Other taxation and social security|||136||
|Government
grants (Note 15b)|||508|502|
|Principal Loan repayments
(Note 15a)|||482|467|
|Creditors at31stMarch|||6,737|7,586|
##
##
##
|AMOUNTS FALLIN
THAN ONE YEAR|G DUE AFTER MORE|||
|---|---|---|---|
|||2021|2020|
|||f000|f000|
|Long Term Loans||9,567|9,547|
|Deferred Government|Grants|35,069|33,577|
|||44,636|43,124|
||2021|2020|
|---|---|---|
||f000|f000|
|Loans repayable by instalments|||
|Within one year or less|482|467|
|More than one year but not more than two years|493|477|
|More than two years but not more than five years|1,408|1,493|
|More than five years|7,666|7,577|
||10,049|10,014|
##
|||2021|2020|
|---|---|---|---|
|||g000|g000|
|Deferred capital grant as at 1stApril||34,064|33,198|
|Grants received in the year||2,021|1,418|
|Grant repayments
during the year||0|(74)|
|Amortised to Statement ofComprehensive|Income|(508)|(478)|
|Deferred capital grant as at 31March||35,577|34,064|
|Amount to be released within one year||508|487|
|Amount to be released after one year||35,069|33,577|
##
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||||At 31|At31|
|---|---|---|---|---|
||||March|March|
||||2021|2020|
||||'/o|'/o|
|Rate ofincrease in salaries|||3.85/0|2.80/0|
|Rate ofincrease for|pension in payment/inflation||2.85'/o|1.80'/0|
|Discount rate for scheme liabilities|||2.05'/0|2 350/0|
|Inflation assumption|(CPI)||2.850/0|1.80/0|
|Ithas been assumed|that members|will exchange half their communtable|pension for|cash atretirement.|
##
##
|mortality
rates.|The assumed l|ife expectat|ions|on|retirement
age 6|5 are:||
|---|---|---|---|---|---|---|---|
|||||||At 31|At 31|
|||||||March|March|
|||||||2021|2020|
|Retiring today||||||Years|Years|
|Males||||||21.9|21.8|
|Females||||||24.5|24.4|
|Retiring in 20years||||||||
|Males||||||23.3|23.2|
|Females||||||25.9|25.8|
|The estimated asset allocation||for the Association as at 31March||||2021 is a follows:||
|||||||At 31|At 31|
|||||||March|March|
|||||||2021|2020|
|Equities||||||64%|64%|
|Gilts||||||4|3%|
|Other Bonds||||||7%|9%|
|Property||||||11%|13%|
|Cash||||||5%|2%|
|Inflation-linked|pooled fund|||||4|4%|
|In&astructure||||||5%|5%|
|Total||||||100%|100o/|
|Analysis ofthe|amount charged to operating||||costs in the|||
|Statement ofComprehensive||Income.||||||
|||||||At 31|At 31|
|||||||March|March|
|||||||2021|2020|
|||||||f000|f000|
|Employer service cost (net of
Total operating
charge||employee|contributions)|||(69)
(99)
~69 ~993||
|Analysis ofpension finance||income/(costs)||||||
|Expected return|on pension scheme assets|||||(45)|(51)|
|Interest on pension liabilities||||||71|76|
|Amounts
charged/(credited)||to financing||costs||26|25|
|Amount ofgains and losses||recognised|in|the|Statement of|||
|Comprehensive|Income|||||||
|Actuarial
losses on pension scheme assets.
Actuarial
gains on scheme liabilities
Actuarial
(loss)/gain
recognised||||||(1,243)
343
379~2393
~8643
164||
##
##
|16
PENSION OBLI|GATION|S|(continued)|(continued)|(continued)|(continued)|
|---|---|---|---|---|---|---|
|The amount included
in the|Statement||ofFinancial Position arising from the Association's||||
|obligations
in respect ofits|defined benefit retirement|||benefit scheme is as follows:|||
||||||At 31|At 31|
||||||March|March|
||||||2021|2020|
|Movement
in surplus/(deficit)
during|||year||f000|f000|
|(Deficit) in scheme at 1April|||||(1,126)|(1,067)|
|Movement
in year|||||||
|Employer service cost|||||(135)|(200)|
|Employer
contributions|||||66|63|
|Return on assets|||||341|(348)|
|Remeasurements|||||(1,232)|426|
|(Deficit) in scheme at31March|||||~2,086)~1,126||
|Asset and Liability Reconciliation|||||||
||||||At 31|At 31|
||||||March|March|
||||||2021|2020|
||||||OOOO|f000|
|Opening
defined benefit obligation|||||3,013|3,135|
|Service Cost|||||135|200|
|Interest Cost|||||71|76|
|Change in financial assumptions|||||1,272|(339)|
|Change in demographic
assumptions||||||(89)|
|Experience (gain)/loss
on defined benefit obligation|||||(29)|81|
|Estimated benefits paid net|oftransfers||in||(11)|(79)|
|Past service costs, including|curtailments|||||38|
|Contributions
by Scheme participants|||snd other employers||26|28|
|Closing defined benefit obligation|||||4,477|3,013|
|Assets at start ofperiod|||||1,887|2,068|
|Interest on assets|||||45|51|
|Return on assets less interest|||||379|(239)|
|Other actuarial (losses)||||||(4)|
|Administration
Expenses|||||(1)|(1)|
|Contributions
by employer|including|unfunded|||66|63|
|Contributions
by Scheme participants|||and other employers||26|28|
|Estimated benefits paid net|ofnansfers||in||(11)|(79)|
|Assets at end ofperiod|||||2,391|1,887|
|Actual return on plan scheme assets|||||424|(192)|
##
##
##
##
||||||||||
|---|---|---|---|---|---|---|---|---|
|19
CAPITAL COMMITMENTS|||||||2021|2020|
||||||||8000|f00ll|
|Capital expenditure
contracted for at31stMarch|||||||||
|but not provided
for in the financial statements|||||||1,799|1,785|
|Less funding allocations|||||||(927)|(484)|
|Internal
funding commitment|||||||872|1,301|
|20
OTHER FINANCIAL COMMITMENTS|||||||||
|Total future minimum
lease paymeats|under nonuanceflabte|||operating|leases|are|||
|as follows:|||||||||
|||||2021|||2020||
||||Land and|||2021|Land and|2020|
|||||Buildings|Other||Buildings|Other|
|||||8000||8000|f000|f000|
|Operatmg
leases which expire:|||||||||
|Within one year||||1,822||167|1,868|140|
|Within two to five years||||1,218||55|2,036|55|
|Atter Five years||||1,495||55|2,021|55|
||||~4535|||277|5,925|250|
|21
HOUSING STOCK|||||||||
|NUMBER OFUNITS IN MANAGEMENT|||||||2021|2020|
|Social Housing|||||||Na.|No.|
|Social rest supported
housing|||||||952|936|
|Affordable rest supported
housing|||||||123|123|
|Care Homes|||||||63|63|
|Social housing
units managed
but not|owned||||||86|113|
|TOTAL|||||||1,224|1,235|
|RECONCILIATION
OFMOVEMENT OF UNITS IN||||MANAGEMENT|||2021|2020|
||||||||No.|No.|
|Opening
Units in Management|||||||1,235|1,216|
|Newly bui1t rental accomodation|||||||24||
|Afl other gains from ouaide existing social housing stock|||||||23|8|
|Sales to the open market||||||||(4)|
|Loss ofsocial housing due to end oflease|||||||(26)|(6)|
|Afl other losses to existing housing stock|||||||(5)||
|New ofmanagal
units||||||||21|
|loss ofmaaaged
units|||||||(27)||
|Closing Units in Management|||||||1,224|1,235|
|22
LEGISLATIVE PROVISIONS|||||||||
|The Association is incorporated
under the Companies|||Act|2006 and is|aRegistered||Social||
|Landlord,|||||||||
|23
DESIGNATED RESERVES|||||||2021|2020|
|Reserves (Liquid - Minimum
Cash)|||||||4,500|4,500|
|Reserves (Liquid
—Afiocated to Development||Progtmune)|||||1,663|2,319|
|Reserves (Non - Liquid - Property )|||||||19,563|17,530|
||||||||~25 726|24,349|