2022-03-31-accounts - Framework Housing Association

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INDEX
			Page
INFORMATION
STRATEGIC REPORT			3 —26
BOARD REPORT			27 —28
INDEPENDENT AUDITOR'S	REPORT		29 —32
STATEMENT OF COMPREHENSIVE		INCOME	33
STATEMENT OF FINANCIAL	POSITION		34
STATEMENT OF CHANGES	IN RESERVES		35
STATEMENT OF CASH FLOWS			36
NOTES TO THE FINANCIAL	STATEMENTS		37-55

THE BOARD
Rebecca Rance	(Appointed as Chair from 17.09.20, resigned		from	16.03.22)
Ruth Hawkins	(Appointed as interim Chair from 26.03.22)
Patrick Mitchell	(Appointed as Vice Chair from 15.11.20)
Louise Harris	(Appointed as interim Chair of Audit and Risk		Management			Committee
	from 14.04.2022)
Debbie Maitland	(Chair of Governance, Remuneration	&Appraisal		Committee)
Carrie McNabb	(Resigned 10.01.2022)
Jane Geraghty	Vinay Shankar Nigel Turner
Tim Gallimore	Catherine Arkley
SENIOR LEADERSHIP TEAM
Andrew Redfern	Chief Executive
Suzanne Williamson	Director of Finance, Governance and	Risk
Claire McGonigle	Operations Director
Lisa Del Buono	Services Director (Resigned on 29.08.21)
Dave Smith	Services Director
Apollos Clifton-Brown	Director of Health and Social Care
Dave Newmarch	Director of Corporate Services
COMPANY	Suzanne Williamson
SECRETARY:
REGISTERED	Val Roberts House, 25 Gregory Boulevard,
OFFICE:	Nottingham NG7 6NX
	Tel: (0115)841 7711 E-Mail: infoframeworkha.				org
AUDITORS'	Beever and Struthers, St George's	House,	215-219 Chester 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

Corporate Objective	Corporate Objective	Corporate Objective	Key Targets
1.	Growth		Provision of at least 200 purpose-built housing units over the life of the plan, including core 'hostel' replacements, housing first
			and move-on flats
			Engagement with at least 19,200 individual service users in the
			year to March 2023, rising to 21,000or more by 2026/27
			A more comprehensive offer comprising elements of housing,
			health, support and employment across the whole of
			Nottinghamshire and Lincolnshire by March 2027 (the entirety	of
			which would not necessarily be delivered by Framework)
2.	Standards		Compliance with all four the Regulator of Social Housing's Consumer Standards as demonstrated by Annual Self-
			Assessments
			Compliance with the requirements of the Care Quality
			Commission, the Charity Commission, the Health &Safety
			Executive, Information Commissioner, Fundraising Standards
			Board and OfSted as relevant to the service being delivered
			Successful delivery ofa Consolidation Strategy to replace 80%
			of existing shared housing units with self-contained provision
			over the five-year life of this plan
			Purpose-built replacements for the existing properties at London
			Road, Fritchley Court and Trent Boulevard subject to the
			continuing need for them in commissioned services
3.	System Change		Active Participation in the Governance of at least two Integrated Care Systems (targeting Nottinghamshire and Lincolnshire)
	and Joined-Up Services		At least one piece of published research on the outcomes of System Change and another on the Future of Supported
			Housing
			Membership of at least one national Working/ Task &Finish
			Group (eg. NHF, Homeless Link, DLUHC, UKSHA etc.) in each
			of the five years covered by this Plan
			Evaluation of the Nottingham 'Changing Futures' Programme
			and dissemination of the learning from it
4.	Organisationai		A 3.0%Operating Margin, rising to4.0% in 2025/26 &2026/'27) and covenant compliance
	Strength	and	A further real-terms reduction of at least 5% in the unit cost of
	Resilience		services (per user)
			All ongoing services covering their overheads and contributing	to
			the margin
			Effective housing 8 asset management, ICT and service user
			record keeping systems

STRATEGIC REPORT	STRATEGIC REPORT	(continued)	(continued)
Corporate Objective		Key Targets
		&	An increase from two to four in the number of	service user
5.	Service User		representatives who are trained to participate	in governance
	Participation		(Board and Committee meetings)
	and	&	Reinvigoration of the Service User Advisory Group through		a
	Empowerment		post-Covid resumption of in-person meetings	promoted by
			'champions' within staff teams
		&	Extension in the role of resident and service user representatives
			in repairs monitoring to include the recruitment	of Board
			members 8 senior staff, the design of new services, health		&
			safety assurance and making the case for 'System Change'
6.	Valuing our	&	Devolution of budget management, informed statements at service level	by monthly
	People	&	A 7% reduction in the ratio of staff to service	users, concomitant
			with a continuing shift towards community-based services		over
			the life of the plan
		&	An increase in the proportion of black and brown staff among
			(Service, Operations and Senior) Managers	to at least 10%
			over the life of the plan

The RSH	VFM metrics for 2021/22 have been	calculated in	accordance		with the VFM standard	with the VFM standard
(technical	note) and are presented below with previous year		comparators:
VfM	Description	Framework	Framework	Framework		Social Hsg
Measure		2022/'23	2021'22		2020/'21	Median
		(Budget)				2020/'21
	Reinvestment by Cost	10.24%	11.82%		8.32%	580'/
	New supply delivered by Units	464/	5.97%		2.11%	1 30%
	Gearing	9.03%	3.66%		0.21%	43.90%
	EBITDA-MRI Interest Cover	530.98%	558.13%		1,227.65%	183.00%
	Headline Social Housing Cost per Unit	824.9k	F24.8k		E24.5k	E3.73k
	a) Operating Margin Overall	4.42%	4 15o/		8.98%	2390%
	b) Operating Margin on Social Housing	2.54%	2.57%		5 14/	26.30%
	Return on Capital Employed	1 57'/	1.63%		3.37%	3.30%
Standard	Metrics 1 (Reinvestment by Cost) and 2 (New Supply) are both				sensitive	to the actual
level of development within the financial year.		Framework's	development		activity	is dependent
on the availability of capital funding and suitable sites, both			of which change from year to year.

Framework	Budget	2021/'22	2020/'21
	2022/'23 (R)	(&)	(R)
Cost per Service User by Pillar:
Housing	11,882	11,393	11,527
Health	1,278	1,367	1,162
Employment	928	894	1,297
Support	1,566	1,781	1,924
Cost per Hour ofService by Pillar:
Housing Health	27.88 38.94	23.34 29.63	24.51 30.34
Employment Support	30.68 21.36	26.45 17.77	26.24 19.69
Central Cost as a%ofthe Total	15.51%	15.98%	1734%

BOARD REPORT	BOARD REPORT
BOARD MEMBERSHIP
The members below, who are considered directors for Company			Law purposes,		have served		in
office from 1st April 2021 to the date of this report except where			otherwise	indicated.
Ruth Hawkins	Appointed as Interim	Chair from 26.03.22, substantive role				Chair of ARM
	Committee
Rebecca Rance	Chair of the Board, resigned from 16.03.22
Patrick Mitchell	Vice Chair
Louise Harris	Appointed as Interim	Chair of Audit and	Risk Management			Committee
	from 14.04.2022
Debbie Maitland	Chair of Governance,	Remuneration 8 Appraisal Committee
Carrie McNabb	Resigned 10.01.2022
Jane Geraghty	Vinay Shankar Nigel Turner	Tim Gallimore	Catherine	Arkley

		Note	2021/22	2020/21
			f000	f000
Turnover			50,504	47,528
Operating expenditure			{49,208	45,086
Operating surplus			1,296	2,442
Surplus on disposal of	property
Finance income
Interest and financing costs			(196)	(206)
Surplus for the year			1,101	2,241
Actuarial gain in respect ofpension schemes		16	430	(864)
Total comprehensive	income for the year		1,531	1,377

		Note	2021/22	2020/21
			f000	%000
FIXEDASSETS
Tangible assets:
Property, Plant and Equipment			87,537	78,324
Depreciation			(13,589)	(12,039)
			73,948	66,285
CURRENT ASSETS
Debtors		12	3,427	2,992
Cash and Investments		13	9,189	9,908
			12,616	12,900
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONK YEAR		14	(6,970)	(6,737)
NET CURRENT ASSETS			5,646	6,163
TOTAL ASSETSLESS
CURRENT LIABILITIES			79,594	72,448
CREDITORS: AMOUNTS FALLING
DUE AFTER MORE	THAN ONE YEAR
Deferred government grants		15b	39,193	35,069
Long Term Loans		isa	11,324	9,567
Defined benefit pension	liability	16	1,820	2,086
			52,337	46,722
NET ASSETS			27,257	25,726
CAPITAL AND RESERVES
Called up Share Capital		17
Designated Reserves		23	27,257	25,726
			27,257	25,726

INCOM	E &EXPKNDITIJRK RESERVES
		Note
			f000
At 1stApril 2021			25,726
Surplus for year			1,101
Actuarial	gain in respect ofpension schemes	16	430
Revenue	Reserves as at 31stMarch 2022		27,257
			OOOO
At 1stApril 2020			24,349
Surplus	for year		2,241
Actuarial	gain in respect ofpension schemes	16	(864)
Revenue	Reserves as at 31stMarch 2021		25,726

				Note	2021/22	202Q/21
					f000	OOOO
Cash generated from operating	activities
Surplus for the year					1,101	2,241
Adjustment for non cash items
Depreciation ofproperty, plant and equipment				11	1,550	1,389
(increase)/Decrease in Debtors				12	(435)	921
Increase/(Decrease) in Creditors				14	164	(864)
Pension costs less contribution payable				16	214	141
(Profit) on disposal ofproperty,	plant and equipment					0
Government grants utilised in the year				15b	(555)	(508)
Adjustment between creditors due less than		1 yr and greater than	1 year		(24)
Interest received					(1)	(5)
Interest payable					196	206
Amounts charged to financing costs					(50)	(45)
Cash generated by operating activities					2,160	3,476
Cash fiows from investing activities
Purchase ofproperty, plant and	equipment				(9,213)	(5,894)
Proceeds from the sale ofproperty, plant and equipment						0
Grants received					4,760	2,021
Interest received					6
Net cash flows from investing	activities				4,447	3 873
Cash flows from financing activities
Interest Paid					(258)	(222)
New Loans					2,300	500
Loan repayments					(474)	(465)
Net cash flows from financing	activities				1,568	187
Net(decrease)/increase in cash and cash		equivalents			719	584
				Note	2021/22	2020/21
					KQOQ	f000
Cash and cash equivalents at	beginning	ofyear		13	9,908	10,492
Net (decrease)/increase in cash	and cash equivalents				(719)	(584)
Cash and cash equivalents at	end ofyear			13	9,189	9,908

useful eco	nomic lives at the follo	wing ann
Land		nil
Buildings-	Superstructure	1.25%
Buildings-Roof		2%
Buildings-Heating Systems		2.5%
Buildings	- Electrical systems	3%
Buildings	- Fixtures &Fitting:	5%
Furniture	and Equipment	33%

TURNOVER	,	OPE	RATING COSTS AND OP	ERATING SURPLUS
				2021/22	2020/21
TURNOVER				NOO	f,000
Rent and service charges receivable				18,007	17,441
Community care contracts				1,340	1,582
				19,347	19,023
Statutory revenue income		(Note 4)		10,754	9,020
Housing Related Support contracts				11„700	11,333
Amortised government	grant			555	508
Specific charitable income		(Note 4)		4,436	4,055
				46,792	43,939
Non specific charitable	giving		(Note 4)	762	997
Other				2,950	2,592
TOTAL TURNOVER				50,504	47,528
OPERATING COSTS
Services				34,056	30,959
Management				9,247	9,161
Maintenance				3,439	2,983
Development				237	167
Fund raising				253	196
Bad debts				426	231
Depreciation				1,550	1,389
TOTAL OPERATING COSTS				49,208	45,086
OPERATING SURPLUS FORTHE YEAR				1,296	2,442
Analysis ofVoids				f,000	f000
Voids &om lettable properties				2,207	1,965
Total Voids				2,207	1,965

3a PARTICULARS OFTURNOVER,	OPERATING EXPENDITURE AND	OPERATING EXPENDITURE AND	OPERATING EXPENDITURE AND
OPERATING SURPLUS
	2021/22	2021/22	2021/22
		Operating	Operating
	Turnover	Expenditure	Surplus/(Deficit)
	fOOQ	f000	f000
Social Housing Lettings (Note 3b)	24,065	23,067	998
Other Social Housing Activities
Charges for support services	11,226	11,151
Total Social Housing	35,291	34218	1,073
Activities other than Social Housing	15,213	14,990	223
Total Non- Social Housing	15,213	14,990	223
Total	50,504	49,2Q8	1,296
3a PARTICULARS OFTURNOVER, OPERATING EXPENDITURE AND
OPERATING SURPLUS
	2020/21	2020/21	2020/21
		Operating	Operating
	Turnover	Expenditure	Surplus/(Deficit)
	%000	f000	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	33486	31,380	2,106
Activities other than Social Housing	14,042	13,706	336
Total Non- Social Housing	14,Q42	13,706	336
Total	47,528	45,086	2,442

		Social Housing	Social Housing
		2021/22	2020/21
Income		f000	f000
HB eligible rent &,service charges		18,552	18,220
HB ineligible rent &service charges		795	803
Amortised government	grants	555	508
Other grants		4,163	3,236
Turnover from Social	Housing Lettings	24,065	22,767
Operating Expenditure
Management		5,516	5,526
Service Charge Costs		9,785	8,865
Routine Maintenance		3,326	2,755
Planned Maintenance		1,014	938
Bad Debts		426	242
Depreciation ofhousing	properties	1,090	1,025
Depreciation ofother tangible Axed assets		364	268
Other costs		1,546	1,104
Operating Expenditure	on Social Housing Lettings	23,067	20,723
Operating Surplus		998	2,044
Void Losses		2,207	1,965

					2021/22	2020/21
					f000	f.000
STATUTORY SOURCES
Leicester, Leicestershire &Rutland Councils (Edwin)					718	478
MHCLG - City ofLincoln Council					627	561
MHCLG- Nottingham	City				800	746
MHCLG Sheffield					30	30
Nottingham City CDP	(MVH )				28	28
Nottingham City Council (Rough		Sleepers)			350	235
Nottingham City CDP	(Clean Slate)				1,196	946
Nottingham City CDP	(Nottingham		Recovery Network)		4,675	4,084
Nottingham City CDP	(Edwin)				235
Nottingham City CCG	Mental Health &Wellbeing				181	314
Nottingham City CDP	(HALT)				95	112
Nottingham City Council (Edwin)					284	284
Sheffield City Council	(Street outreach)				191	194
MHCLG - Ashfield DC (SOTCounty)					636	652
Nottingham Citycare Partnership		(HISU)				112
Homes England (RSAP)					204
Other Statutory Grants					504
Total					10,754	9,020
SPECIFIC CHARITABLE SOURCES
BBC-CIN (EVE)					9	18
BigLottery Fund (Opp	Nottm)				1,373	1,429
BigLottery (Opportunity &Change)					1,476	1,422
SSBC(Family Mentor	&Aspley	Mentor)			1,292	1,068
BigLottery (Homeless	to Home)				229	66
BBOLinc - UC Move					31	28
Other Specific Grants					26	24
Total					4,436	4,055
OTHER GRANTS AND DONATIONS
Grants and Donations						997
Total					762	997
				Grand Total	15,952	13,409

FINANCE IN	CO	ME
				2021/22	2020/21
				f000	%000
Bank interest receivable
INTEREST AND FINANCING COSTS
				2021/22	2020/21
				OOOO	f,000
Bank loans and overdrafts				258	222
Costs associated with financing
Net interest on de6ned benefit liability (Note 16)				42	26
Borrowing costs capitalised		at 1.95%-2021(1.95%)		300 ~104	248 ~42
				196	206
SURPLUS FOR		THE	YEAR
				2021/22	2020/21
				f,000	f000
Surplus for the year is	stated after charging:
Depreciation on housing	properties			1,185	1,103
Depreciation on other fixed		assets		364	286
External Auditor's Remuneration			(excluding VAT)
-Audit-related assurance	services			25
Operating lease charges	on	land and buildings		1,899	1,927
Operating lease charges	on	other	assets	182	167
8 TAXATION

				2021/22	2020/21
				f000	f000
Staff costs including	directors:
Wages and salaries				24,420	22,921
Redundancy costs				22	80
Social security costs				1,809	1,617
Other pension costs				956	985
Total				27,207	25,603
The full Time Equivalent number		ofstaff who received emoluments,		including	pension
contribution, in excess off60,000		are	shown below.
				2021/22	2020/21
				No.	No.
Salary Band f000
60,000 —69,999
70,000 - 79,999
80,000 - 89,999
90,000 —99,999
Average number offull time equivalent			persons (FTE)employed:	2021/22	2020/21
				No.	No.
Supported Housing				570	502
Tenancy Sustainment				178	155
Fundraising and Communications				9	8
Management and Administration		(Central Office)		93	81
Care Home				94	81
Non Housing related	service staff			293	291
Average number ofFTEemployees			during the year	1,337	1,118

10 DIRECTORS' REMUNERATION AND T Key management personnel remuneration	RANSACTIONS
	2021/22	2020/21
	F000	f000
Directors who are executive staff members
Wages and salaries	463	402
Loss ofOffice payment
Social security costs	53	46
Other pension costs	26	24

		Properties in	Properties in	Properties in	Plant and
		Management		Development	Equipment	Total
			f000	OOOO	f,000	f000
COST
At 1stApril 2021			71,472	5,007	1,845	78,324
Additions during the year			6	8,415	532	8,953
Capitalised Repairs			260			260
Transferred on completion			7,407	(7,407)
Disposals during the year
Total at 31stMarch 2022			79,145	6,015	2377	87,537
DEPRECIATION
At 1stApril 2021			10,515		1,524	12,039
Charge for the year			1,186		364	1„550
Disposals during the year
Total at 31stMarch 2022			11,701		1,888	13,589
NET BOOKVALUE
At 1stApril 2021			60,957	5,007	321	66,285
At 31stMarch 2022			67,444	6,015	489	73,948
Included in properties in	management		is Anvil House (formerly		"Scotter House" )which is
subject to a 60 year lease	at anet	book	value of	E1,676k.
Expenditure on own properties					2021/22	2020/21
					f,000	f000
Capitalised development	costs				8,421	5,404
Repairs and Maintenance	charged	to operating expenditure			902	686
Total expenditure on own properties					9,323	6,090

FORTHE YEAR ENDED 31s 12 DEBTORS	tMARCH 2022
		2021/22	2020/21
		f000	f000
AMOUNTS FALLING DUE WITHIN ONE YEAR
Rent, service, support and community	care charges (Note below ~)	1,326	1,070
Less: Provision for bad debts		343	300
Net rent, service and support charges		983	770
Prepayments and accrued income		763	616
Grants and loans receivable		1,680	1,600
Other taxation and social security		1	6
Debtors at31stMarch		3,427	2,992
*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
		2021/22	2020/21
		f000	f000
Cash		86	115
Current Account		9,103	9,793
Cash and Investments at 31stMarch		9,189	9,908
14 CREDITORS
		2021/22	2020/21
AMOUNTS FALLING DUE WITHIN ONE YEAR		NOO	f.000
Accruals and deferred income		3,290	3,400
Trade creditors		2,319	1,639
Other creditors		75	572
Other taxation and social security		146	136
Government grants (Note 15b)		589	508
Principal Loan repayments (Note 15a)		551	482
Creditors at 31stMarch		6,970	6,737

AMOUNTS FALLIN THAN ONE YEAR	G DUE AFTER MORE
		2021/22	2020/21
		f000	f000
Long Term Loans		11,324	9,547
Deferred Government	Grants	39,193	33,577
		50,517	43,124

		2021/22	2020/21
		f000	f000
Loans repayable	by instalments
Within one year or less		551	467
More than one	year but not more than two years	612	477
More than two	years but not more than five years	1,918	1,493
More than five	years	8,794	7,577
		11,875	10,014

			2021/22	2020/21
			f000	f000
Deferred	capital grant as at 1stApril		35,577	34,064
Grants received in the year			4,760	2,021
Grant repayments during the year			0	0
Amortised to Statement ofComprehensive		Income	(555)	(508)
Deferred	capital grant as at 31March		39,782	35,577
Amount	to be released within one year		589	508
Amount	to be released after one year		39,193	35,069

			At 31st	At 31st
			March	March
			2022	2021
			0/	0/
Rate ofincrease in salaries			4.15%	3.85%
Rate ofincrease for	pension in payment/inflation		3.15%	2.85%
Discount rate for scheme liabilities			2.60%	2.05%
Inflation assumption	(CPI)		3.15%	2.85%
Ithas been assumed	that members	will exchange half their communtable	pension for	cash at retu

mortality r	ates.		The ass	um	ed li	fe expectati	ons	on	retirement age 6	5 are:
										At 31st	At 31st
										March	March
										2022	2021
Retiring today										Years	Years
Males										22.0	21.9
Females										24.5	24.5
Retiring in 20		years
Males										23.4	23.3
Females										26.0	25.9
The estimated		asset allocation				for the Association			as at 31March	2021 is afollows:
										At 31st	At 31st
										March	March
										2022	2021
Equities										62%	64%
Gilts										4%	4%
Other Bonds										7%	7%
Property										11%	11%
Cash											5%
Inflation-linked			pooled	fund						5%	4%
In&astructure										5%	5%
Total										100%	100%
Analysis ofthe			amount		charged to operating				costs in the
Statement	of	Comprehensive				Income.
										At 31st	At 31st
										March	March
										2022	2021
										f.000	f.000
Employer service cost (net of Total operating charge						employee	contributions)			(121) (69) ~121~69
Analysis	ofpension finance					income/(costs)
Expected	return		on pension scheme assets							(50')	(45)
Interest on pension liabilities										92	71
Amounts	charged/(credited)					to financing		costs			26
Amount ofgains and				losses		recognised	in	the	Statement of
Comprehensive			Income
Actuarial	gains/(losses)				on pension scheme			assets.		301	(1,243)
Actuarial Actuarial	gains on scheme liabilities (loss)/gain recognised									129 430	379 ~864)

16 PENSION OBLIGATIONS	(continued)	(continued)	(continued)	(continued)	(continued)
The amount included in the Statement	ofFinancial Position arising &om the Association's
obligations in respect ofits defined benefit retirement			benefit scheme is as follows:
				At 31st	At	31st
				March	March
				2022	2021
Movement in surplus/(deficit) during		year		OOOO	f000
(Deficit) in scheme at 1 April				(2,086)	(1,126)
Movement in year
Employer service cost				(182)	(135)
Employer contributions				61		66
Return on assets				64		341
Remeasurements				323	(1,232)
(Deficit) in scheme at 31March				~1820 ~2086
Asset and Liability Reconciliation
				At 31st	At 31st
				March	March
				2022		2021
				f.000		f000
Opening defined benefit obligation				4,477		3,013
Service Cost				182		135
Interest Cost				92		71
Change in financial assumptions				(309)		1,272
Change in demographic assumptions
Experience (gain)/loss on defined benefit obligation				8		(29)
Estimated benefits paid net oftransfers		in		(22)		(11)
Past service costs, including curtailments
Contributions by Scheme participants		and other employers		24		26
Closing defined benefit obligation				4,452		4,477
Assets at start ofperiod				2,391		1,887
Interest on assets				50		45
Return on assets less interest				129		379
Other actuarial (losses)
Administration Expenses				(1')		(1)
Contributions by employer including	unfunded			61		66
Contributions by Scheme participants		and other employers		24		26
Estimated benefits paid net oftransfers		in		(22)		(11)
Settlement prices received/(paid)
Assets at end ofperiod				2,632		2,391
Actual return on plan scheme assets				179		424

19 CAPITAL COMMITMENTS	19 CAPITAL COMMITMENTS	19 CAPITAL COMMITMENTS					2021/22	2021/22	2020/21
								fooo	fooo
Capital expenditure contracted for at	31stMarch
but not provided for in the financial statements							2,400		1,799
Less funding allocations							(1,258)		(927)
Internal funding commitment								1 142	572
20 OTHER FINANCIAL COMMITMENTS
Total future minimum lease payments		under non-cancellable			operating	leases are
as follows:
				2021/22			2020/21
				Land and		2021/?2	Land	and	2020/21
					Buildings fgoo	Other fooo	Buildings fooo		Other fooo
Operating leases which expire:
Within one year					1,845	182		1,822	167
Within two to five years					884	55		1,218	55
After five years					1,857 4556	55 292	1,495 ~4 35		55 277
21 HOUSING STOCK
NUMBER OF UNITS IN MANAGEMENT							2021/22		2020/21
Social Housing								No.	No.
Social rent supported housing								1,020	952
Affordable rent supported housing								123	123
Care Homes								63	63
Social housing units managed but not		owned						91	86
TOTAL								1297	1,22,4
RECONCILIATION OF MOVEMENT OF			UNITS	IN	MANAGEMENT		2021/22		2020/21
								No.	No.
Opening Units in Management								1,224	1,235
Newly built rental accomodation								ll	24
Units purchased by the RP for rent								61
All other gains fiom outside existing	social housing stock							27	23
Loss ofsocial housing due to end oflease								(31)	(26)
All other losses to existing housing stock									(5)
Gain ofmanaged units								5
Lossofmanaged units									(2/)
Closing Units in Management								1297	1+24
22 LEGISLATIVE PROVISIONS
The Association is incorporated under the Companies				Act	2006 and	is a Registered	Social
Landlord.
23 DESIGNATED RESERVES							202,1/22		2020/21
Resin&as ( Liquid - Minimum Cash)								4,500	4,500
Reserves ( Liquid - Allocated to Development			Progranune)					1,146	1,663
Reserves (Non - Liquid - Property	)							21,611	19,563
								17257	25 726