## Trustee Report 2021/2022 This year the Charity has made a good recovery from the setbacks caused by the pandemic and has continued providing its essential services to the homeless. It has re-established the referral channels and has helped some of its tenants it has also kept some of the necessary health and safety protocols in place for health and safety reasons. We have continued to increase our cleaning services to all properties and provide all health and safety-related items such as gloves, sanitizer, and masks. The emergency repairs continued to be delivered on time; thanks again to our dedicated maintenance and cleaning teams and our middle managers, who tirelessly continued carrying out health and safety inspections to the properties more frequently. The charity has, like the years before, continued providing its much-needed service to the single homeless and is always trying to improve the delivery of its service by reaching out to even wider users and communicating closely with our tenants, partners, and stakeholders. Like the year before, we decided not to increase our stock during this period and to allow time to recover from the effects of the pandemic. We continued providing emergency-supported accommodation to ex-offenders, the elderly, rough sleepers, and the refugee and immigrant communities. The charity continued to accommodate and support the homeless and help them with favorable outcomes., nor did it put any staff member on the government furlough scheme. Generally, we provide our excellent and much-needed services to young people, ex-offenders, people with drug problems, refugees, the Elderly, and others from the vulnerable sections of the community. We have also continued increasingly working with other local providers such as shelters, crisis, YMCA, Salvation Army, and other approved charities and accommodated more homeless through them. We also continued helping homeless families to link up and rent from the private sector and continued our tenants to get employment and training opportunities. Easy Housing accommodated and supported 350 single homeless during the year. During the year, the charity is still debt free and has not received any grants from the government or other grant-making bodies. And entirely depended on income generated through rent revenue. As always, we devoted considerable time and effort in organizing workshops and surgeries on the training and employment for our tenant population. We have helped ten tenants move on to more permanent accommodation, assisted three tenants in taking training opportunities, and three people get into employment. Our missions remain to build a community with the necessary skills and qualifications, and we have continued accessing clients to the appropriate training providers, employers, and permanent housing. The charity remains committed to pursuing its three central themes Housing with care and supporting Community engagement and development, Tenants Empowerment, and Employment. Abdi Gure Trustee 25 August 2022 Company regbtratlon numbor: 5439373 Easy Houslng A880clatlon Trading as Easy Houslng Assoclation Company Ilmlted by 9uarantso Unaudlted Ilnanclal stateM￿ts 31 March 2022 Pag• Dlrectors rewt Statement offinaniid posft statem&rt of clww ￿ equlty 6-10 Easy Housing Assoclatlon Company limited by guaranto8 Dirnctors report Year ended 31 March 2022 The directors present their report and the unaudited financial statgmenls of the company for the year ended 31 March 2022. Dlrectors The direGlors who served the company during the year were a$ follows.. Mr Mohamed Mohammed Mr Yusuf Ahmed Mr Abdi Gure Ms Saud Abdillahi Mr Musiala Dahir Small company provisions This report has b88n prepared in accordance with the provisions applicable lo companies enliled to the small companies exemption. This report was approved by t board of directors on 9 August 2022 and signed on behalf of the board by.. Mr Moham Director ohammed Page 1 Easy Houslng A9￿¢14110n Company Ilmltad by g￿rantee ststoment of cornpreh•n•fve Incom• Yèar ènded 31 March 2022 2022 2021 Turnovor Other exlemal charges Staff costs Dapre¢lation and otheramounts wrltten off taNJlbl8 arnl Intswbl8 fixed 888ets 2,168,625 (1.047.957) 1358.459) 1.859.856 (747,015) 1288,987) 121.3491 (727.7741 (20.972) (748,4761 Other operating &xponses Operatlng prdl 13.086 54,406 Olh8r Inl•r•sl rocoivable and 8imllar IrK4)me 15 78 Profit bolore laxatlon 13,101 54A84 Tax on profit Prollt for the flnanclal y•ar and total comprnh￿s1￿ Inmme 13.101 l the actlvltles of the ¢ompany are from contir￿ing operations. The notes on pagos 6 to 10 lom) part of th9$9 Ilnanclal statements. Pago 2 31 PA•rch 2022 2022 Flxed a$sats Tanglbie assets Curr*nt •83ots DebtCrf8 Inveslments Cash at and in hand 25.480 331.088 22.180 271,406 298,951 Credltorn: amounts falllng duè wtthln on• yur Net current assets 10 172.4n) (16,563) 293,982 282.388 Totsl assets les• currnnt liabllltl•¥ 379,382 366.281 379.382 366281 Capltal and r•swve• Shar9 Option reSe￿e Profil and loss account 45.422 45,422 320,859 M•mbern funds 379.382 386.281 For the ypar ending 31 March 2022 the ¢￿panY was enblknj to exemp*Mx) frcrfn audit under secth)n 47T of th• Compani85 Act 2006 rdaling to small compBni8S. Directorn reSrMJns*￿llt18s. . The m￿b￿S have rK>t required the ¢ompony to rtrtain an audit of ts f￿￿1￿1 Statern￿ for tho in question in accordance section 476; . dlreclorn acknowledge their resr￿￿1blilI8S for wnrA>ryw *ilh th& reqUIr￿ts d lh8 Act with rnspect These financi81 statements have been tryar&J In ac(air￿ *ilh thè prtivtsk￿ appliCa￿e to companies subject to the small companles. reglme and In aCx0rdw￿ Sexil￿ 1A of FRS 102 Tr Fhardal Reporttry Starkntsrd applkable In Ihg UK aThi Re￿abl￿ of Irew. Easy Housing Assoclatlon Company Ilmlted by guarantee Statement of flnan¢lal posltlon Icontlnuedl 31 Mar¢h 2022 These financial statements were approved by the board of directors and aulhorised for issue on g August 2022, and are signed on behalf of the board by.. Mr Mohamed Moha Director Company fegislralion number.. 5439373 Tho notes on pages 6 to 10 form part of these financial statements. Paga 4 Easy MI￿•1￿9 A8¥0cla¢lon Company Ilmlted by guarantsè Statom•nl ot chanp8 In 0gyIty Year ond•d 31 March 2022 Sha i)plton re88 Profit and 1088 account Totsl At 1 Aprll 2020 45,422 266,375 311,797 Profll for the 54,484 54.484 Total ¢0Mpr•h•nsl￿ In¢tyn• for th• y￿r 54,484 54,484 At 31 March 2021 and 1 WI 2021 46,422 320.859 386,281 Profil for the yoar 13,101 13,101 Total ¢0mpr•I￿n•1ve Incom• forth• y•ar 13,101 13,101 At 31 March 2022 45,422 333,960 379,382 Pag• S Company lknlt•d by guarnnt•• Y•*r •nd•d 31 Ilar¢h 2022 Gonfrral Inlomi•llon The company Is a whata Ilmlted by guwants•. rggl$terwJ In UIL Th address of the reglstored office18 Easy H(wts¥J Asx(*akn. Hw5e. 468 Clwrch Lwa. L(x¥J<￿. NW9 8UA. 8tat•m•nt of ¢ompll•nc• Th888 ffnandal statemonts haw b8an In cunplI￿a lh• wtyA$F(¥Kry of FRS 102, Socll 1A. Tho Flnanclal Repyllng Stsndard applkabl8 In the UK wvj Ropublk of Irdantt. A¢Gountlng polkl•• B••h Ol pr•par4tlon The finand81 $latements have b&an i¥yed ￿ th? hl8trxk•l co8t basts, •• M(￿ by the rovaluatl of ¢èrtdn thanclal •888ts arKI Iwlllos and trbbY8trnent woporf88 mo•8ured at fatr through profil or IrAS. The ffinanclab 8tatem*ts aro wq>ir•d *thl¢h18 Iho fwKth)Ml ￿rrenCY￿ the ty)lty. Turnov•r TUrr￿r Is me8sw•d at th• f* value of ts ¢¢)n8bJwatlon I￿￿1¥•d or recdvth• for gth>J8 suppll•d and s0￿ceS rendorwj. net ol diSc¢J￿ts and val￿ Added Tax. Revenug from th8 8010 of g¢￿5 l¥ reccwJth&l th• *ntfiwt rflks WKI r￿￿d8 of vAm8r8Np havo tran8f8rrnd to the W (usualty on da8patch of tho 9[￿}. thfj amount of revenue can bo m8a8U rellably. ft 1$ probth that the 888orath econcrtnk benefits vAIt Ikmt to thg 8￿ty. arttl tho o)sts Incurred or to be In￿Tred In r¢spKt ol tho transactlons can be m•asur•J rnllabty. Taxatlon The IAxatth •xpern• reprnaents th8 8ggrag•ta amomt Of ￿rrent and defmd tax recogn1￿ In tho reportlng F*fknl. Tax h rec(¥nl8ed In ts 8tslam8nt of compYoh8n8l¥e Inrme, except to the 8Xt•nt that ro181•$ to Items recognls•d In other comiyghensw l￿fj or dlrocty kn ca￿1 and re$8rv88. In thls c86&, tax IB rwl8ed In other ￿Mplet￿*)81¥e }r￿¢m8 ￿ dbrg¢ty In (¥pitg18nd rew408, rn8POCtlvety. Currwrt tsx18 recognl8ed on taxablo wofft f(Y ￿ curTent and past wi(xls. Current tax Is mea8urod 8t tho arn￿nts of tax ex￿e￿ lo poy or ro¢4ver the tax rates and lawd that have b8èn en8Gtod or substantlvety enactgd al the rwbng date. Deferred tax Is raeognised In respect of aH tlmFry thfferences al the rewtrwJ dats. Unre15wed tax losse8 and other deferred tsx assets are re&)gnlsed to the extent that it is wobable that they ￿11 be recovered againsl the revwsal of deferred tax labthtl8s or other luture taxabl8 profits. Defered tax 18 measured using the tax rates and that have beèn enxted ¢X substsnknly gnactgd by th• roportlng date that oro •xpthI tr) to th• le￿r8a1 ofth8 Ilmlng d6ff8r8nce. Year •nd•d 31 PAwch a122 Tanglbl• ass•ts Tangible assets are inilialty recixdwj at CCA8( a￿1 are slated * ¢ost less any accxrnulated depreciation and impalmient losses. Any tsngible asséts carri&J at revalued amounts are re(￿l￿ed at the fair value al the dale of revduation less any subsequent ac￿Mulated dewecialAin and subwuent accumulalwj Inpalm￿ k)sses. An in(xease In tho Ca￿n9 amcwjnt of an asset a5 a result of a revaluation. Is reGcgni5ed tn other revalualion decrease of the same asset wevbusty rec(#Jnised in profft or loss. A kn in the ca￿Ying am￿nt of an asset as a r8suFt of revalualion is recognised in other cclnprèhgnswe income to the extent of ony wevmxtsty rocognised reVduati￿ Inu&8s• accumulaled In (*ph4 and reserv6s In respect of that asset. Where a revaluation deryeaso ex￿d5 Ihe accumulatod revaluation galns accumulat•d in capital and reserrfes In r•spBct of Ihat asse( the ex(xs 8haU bg rec(wJn18ed in profit or Depreclation DepreCia￿n is 3r￿Sfjo in prnht or108B. All other 8uch Investments are subsequonuy m8a$ured at C06t1888 Impalrm8nL 0th8r financ181 Instruments, Includlng dedvatfv88. we Inlllalty ￿OgnIsed al falr valuo. unle88 paymont for an asset 18 dèferred beyond nomial bU81n0￿ term8 or finonced at a ral8 ol Interest that Is not market rala, In which ca88 thè asset 18 mOaSUTed al th• prgsent valu? of the futurn ￿YThents dI￿OUnted al a mark8t rats of Interest for a 81mllor debt In8trument. Other fln8ndo1 Instruments are sub88qUonlly moa8ured at falr value, vAth any change8 recognl8ed In proffil or loss. wllh the 8xcopUon of hedglng Instruments In a d6$lgn&ted hedglng relatlonshlp. Flnanclal a880ts that are m8a$urod al c061 or amortS8ed c061 are revl8wed for oblecllve evkjonce of Impalmient at the end of Oach reportlng date. If there 1$ objectlve OVIden￿ of Impalment, an Smp8lmi$nt108818 reccgn15ed In FKofft or1088 Immedlalely. For all 8qulty In8thJm•nts r¢gard1888 of 8lgnfflc8nce, and oth•r Ilnanclal 96$0ts that erft Indfvldually slgnlflcant. Ih88e aro assgs¥ed Indlvldually for Impalmenl. Other flnanclal or •lther as8e$8ed Indfvldu81ty or grouped on tho basls ol slmllar Gre(111 rfsk ch8ract8rfsl1￿. Any rwèr8818 of ImpaI￿OnI are recegnl8od In profil or1086 Immedlately, to tho axt•nt thol tho reversal doo8 not re8uIt In a Carl￿ng 8mount of the fSnancl810¥8el Ihat axca•d# what the catyng amount would hav8 beon had the Inpdmient not prnvI￿JsIy been re¢ognl8ed. Dofin•d ¢ontrfbutlon pl•n• Conlrfbullcm8 to defined Mntdbullon plan8 ar• ro¢ognlsod as an expgn8e h th8 portod In wthlch tho related 80rvlce 18 provlded. Propald contrlbutson8 are recognlsed a8 an a8sel to the extent that thg prep4wnent wlll lead to 8 roductlon In lulur• ￿¥mentS or a refund. Whon contdbullon8 are r￿1 èxpeGted to be sèttled whdty ￿thIn 12 month6 of the end of th• r•portkng dola In ￿lCh th• •mployees ronder th• related 8arvlee, th8 Ilablllty Is m8#surod on a d18¢0untod pr68ont value ba818, Thg unwlndlng of Iho dl8counl18 ro¢0gnl8od In flnanc8 ¢o$ts In profll or10$8 In tho P9rl¢xl In whlch ft arl8e5. Llmll•d by gu•rnnl•e kny wofft made by the cfjmpany Is rnwusgd for the good ol the bu81n8ss. Pagg 8 Easy Houslng A8swlatlon Company Ilmllad by guarantee Notsl to the flnandal statsments l¢ontlnuod) Ye4r end￿ 31 Mar¢h 2022 St•ff Costs The averag8 number of persons employed by the company dUr￿j Ihe year amounted to Nil {2021: NII). The aggregala Pa￿￿[ co$1$ incurred durlng the ypar ￿re.. 2022 2021 Wages and salaries Soclal $6cur¢ty costs other pension costs 323.310 28,850 6.299 267.847 16.291 4,849 358.459 288.987 Profit before taxati¢M 18 8tsted after chargingl(credlUng>.' 2022 2021 Oepreclation of tangIb￿ a88ets 21,349 20.972 Tanglble a•8ets Flxtures. ttlngs and equlpment Motor vehldos Totsl Cost At 1 Aprfl 2021 Iditlons 201.541 20,456 12,900 2.400 214,441 22.856 At 31 M*rch 2022 221,997 15.300 237,297 Dgprnclatlon At 1 April 2021 Charge for thè year At 31 M￿h 2022 123.991 19.601 6.557 1.748 130.548 21,349 143,592 8,305 151,897 Carrylng amtsunl At 31 March 2022 78.405 85,400 At 31 March 2021 77,550 6.343 83.893 Pago 9 Company Ilmlt•d by gu•rant•• Y•ar •nd•d 31 Ma￿h 2022 Debtor• Trade debtors Other dobtors 9.888 2022 2021 Other In¥e8tments 22,180 10. Cr•dftor¥: amounts falllng du• wlthln on• y••r 2022 2021 Trade ¢rodltorn Soclal securtty and otrw laxes Other crndl*rn 55.075 14.434 8.561 2,893 72,472 16,563 P40 10 Y•tr ended 31 IAwch 2022 2021 Turnov•r Rent recefvable Ottw In¢xm• 1167.061 1,857,608 2.248 2.168.625 1.859,856 Cost of salfjs Direct L￿sts (1.047.957) (747.015) (747.0151 (1.047.957) Gro88 profft 1.120.668 1.112.841 51.7% 59.8% Admlnlstratlv• oxpenms Wages and salaries Directors remunorat¢ EmpFoyo¢s sooal security contr Staff pension costs- other Staff traI￿ng Rent payable Ratos Insurance Light and heat Cleaning Repaits and malntenanr Pdntiw, postage arKI stati￿Y Advertis Telephone Computer costs Hire of equlpment Travelliro and entertanment Legal and profgssbnal Consultancy fees Accountancy fge¥ Bank chargès Bad debts General expertses Charitable donatiLYts- tjpe 2 Deprn¢la1iL￿ of tanglble a$80ts (279.810) {43,5(K)} (28,850) {6,299) 1435) {445.195} (47,990} (4.046) (54.091) {56,918) {60.0691 (4,178) {262.972) 14.875) (16.291) {4,8491 (1.375) (468,995) (42,727) {3,714} 155,958) {45,844) {69.214) 17.992) 115) (3,787} (2,734) 11.398) (18,616} 112.150) (2.200) (2,693) {510) (4,3271 (1,2291 (3.000) {20.972) {1.058.435) (4.Wa6) 17.4111 {1.8841 (21,363) (5.511) {417) 12,9631 {5101 (3.250) fl.047) (21,349) (1.107,582) Operatlng pr•fft 13.086 Company Ilmlt•d by guwarrt•o Y•ar end•d 31 IAaw¢h 2022 2021 Op•rntlng profft p•r¢•nlag• 0.6% Other Interest recalvable and 8lmi* trKtyne 15 78 13.101 54.484 Company regbtratlon numbor: 5439373 Easy Houslng A880clatlon Trading as Easy Houslng Assoclation Company Ilmlted by 9uarantso Unaudlted Ilnanclal stateM￿ts 31 March 2022 Pag• Dlrectors rewt Statement offinaniid posft statem&rt of clww ￿ equlty 6-10 Easy Housing Assoclatlon Company limited by guaranto8 Dirnctors report Year ended 31 March 2022 The directors present their report and the unaudited financial statgmenls of the company for the year ended 31 March 2022. Dlrectors The direGlors who served the company during the year were a$ follows.. Mr Mohamed Mohammed Mr Yusuf Ahmed Mr Abdi Gure Ms Saud Abdillahi Mr Musiala Dahir Small company provisions This report has b88n prepared in accordance with the provisions applicable lo companies enliled to the small companies exemption. This report was approved by t board of directors on 9 August 2022 and signed on behalf of the board by.. Mr Moham Director ohammed Page 1 Easy Houslng A9￿¢14110n Company Ilmltad by g￿rantee ststoment of cornpreh•n•fve Incom• Yèar ènded 31 March 2022 2022 2021 Turnovor Other exlemal charges Staff costs Dapre¢lation and otheramounts wrltten off taNJlbl8 arnl Intswbl8 fixed 888ets 2,168,625 (1.047.957) 1358.459) 1.859.856 (747,015) 1288,987) 121.3491 (727.7741 (20.972) (748,4761 Other operating &xponses Operatlng prdl 13.086 54,406 Olh8r Inl•r•sl rocoivable and 8imllar IrK4)me 15 78 Profit bolore laxatlon 13,101 54A84 Tax on profit Prollt for the flnanclal y•ar and total comprnh￿s1￿ Inmme 13.101 l the actlvltles of the ¢ompany are from contir￿ing operations. The notes on pagos 6 to 10 lom) part of th9$9 Ilnanclal statements. Pago 2 31 PA•rch 2022 2022 Flxed a$sats Tanglbie assets Curr*nt •83ots DebtCrf8 Inveslments Cash at and in hand 25.480 331.088 22.180 271,406 298,951 Credltorn: amounts falllng duè wtthln on• yur Net current assets 10 172.4n) (16,563) 293,982 282.388 Totsl assets les• currnnt liabllltl•¥ 379,382 366.281 379.382 366281 Capltal and r•swve• Shar9 Option reSe￿e Profil and loss account 45.422 45,422 320,859 M•mbern funds 379.382 386.281 For the ypar ending 31 March 2022 the ¢￿panY was enblknj to exemp*Mx) frcrfn audit under secth)n 47T of th• Compani85 Act 2006 rdaling to small compBni8S. Directorn reSrMJns*￿llt18s. . The m￿b￿S have rK>t required the ¢ompony to rtrtain an audit of ts f￿￿1￿1 Statern￿ for tho in question in accordance section 476; . dlreclorn acknowledge their resr￿￿1blilI8S for wnrA>ryw *ilh th& reqUIr￿ts d lh8 Act with rnspect These financi81 statements have been tryar&J In ac(air￿ *ilh thè prtivtsk￿ appliCa￿e to companies subject to the small companles. reglme and In aCx0rdw￿ Sexil￿ 1A of FRS 102 Tr Fhardal Reporttry Starkntsrd applkable In Ihg UK aThi Re￿abl￿ of Irew. Easy Housing Assoclatlon Company Ilmlted by guarantee Statement of flnan¢lal posltlon Icontlnuedl 31 Mar¢h 2022 These financial statements were approved by the board of directors and aulhorised for issue on g August 2022, and are signed on behalf of the board by.. Mr Mohamed Moha Director Company fegislralion number.. 5439373 Tho notes on pages 6 to 10 form part of these financial statements. Paga 4 Easy MI￿•1￿9 A8¥0cla¢lon Company Ilmlted by guarantsè Statom•nl ot chanp8 In 0gyIty Year ond•d 31 March 2022 Sha i)plton re88 Profit and 1088 account Totsl At 1 Aprll 2020 45,422 266,375 311,797 Profll for the 54,484 54.484 Total ¢0Mpr•h•nsl￿ In¢tyn• for th• y￿r 54,484 54,484 At 31 March 2021 and 1 WI 2021 46,422 320.859 386,281 Profil for the yoar 13,101 13,101 Total ¢0mpr•I￿n•1ve Incom• forth• y•ar 13,101 13,101 At 31 March 2022 45,422 333,960 379,382 Pag• S Company lknlt•d by guarnnt•• Y•*r •nd•d 31 Ilar¢h 2022 Gonfrral Inlomi•llon The company Is a whata Ilmlted by guwants•. rggl$terwJ In UIL Th address of the reglstored office18 Easy H(wts¥J Asx(*akn. Hw5e. 468 Clwrch Lwa. L(x¥J<￿. NW9 8UA. 8tat•m•nt of ¢ompll•nc• Th888 ffnandal statemonts haw b8an In cunplI￿a lh• wtyA$F(¥Kry of FRS 102, Socll 1A. Tho Flnanclal Repyllng Stsndard applkabl8 In the UK wvj Ropublk of Irdantt. A¢Gountlng polkl•• B••h Ol pr•par4tlon The finand81 $latements have b&an i¥yed ￿ th? hl8trxk•l co8t basts, •• M(￿ by the rovaluatl of ¢èrtdn thanclal •888ts arKI Iwlllos and trbbY8trnent woporf88 mo•8ured at fatr through profil or IrAS. The ffinanclab 8tatem*ts aro wq>ir•d *thl¢h18 Iho fwKth)Ml ￿rrenCY￿ the ty)lty. Turnov•r TUrr￿r Is me8sw•d at th• f* value of ts ¢¢)n8bJwatlon I￿￿1¥•d or recdvth• for gth>J8 suppll•d and s0￿ceS rendorwj. net ol diSc¢J￿ts and val￿ Added Tax. Revenug from th8 8010 of g¢￿5 l¥ reccwJth&l th• *ntfiwt rflks WKI r￿￿d8 of vAm8r8Np havo tran8f8rrnd to the W (usualty on da8patch of tho 9[￿}. thfj amount of revenue can bo m8a8U rellably. ft 1$ probth that the 888orath econcrtnk benefits vAIt Ikmt to thg 8￿ty. arttl tho o)sts Incurred or to be In￿Tred In r¢spKt ol tho transactlons can be m•asur•J rnllabty. Taxatlon The IAxatth •xpern• reprnaents th8 8ggrag•ta amomt Of ￿rrent and defmd tax recogn1￿ In tho reportlng F*fknl. Tax h rec(¥nl8ed In ts 8tslam8nt of compYoh8n8l¥e Inrme, except to the 8Xt•nt that ro181•$ to Items recognls•d In other comiyghensw l￿fj or dlrocty kn ca￿1 and re$8rv88. In thls c86&, tax IB rwl8ed In other ￿Mplet￿*)81¥e }r￿¢m8 ￿ dbrg¢ty In (¥pitg18nd rew408, rn8POCtlvety. Currwrt tsx18 recognl8ed on taxablo wofft f(Y ￿ curTent and past wi(xls. Current tax Is mea8urod 8t tho arn￿nts of tax ex￿e￿ lo poy or ro¢4ver the tax rates and lawd that have b8èn en8Gtod or substantlvety enactgd al the rwbng date. Deferred tax Is raeognised In respect of aH tlmFry thfferences al the rewtrwJ dats. Unre15wed tax losse8 and other deferred tsx assets are re&)gnlsed to the extent that it is wobable that they ￿11 be recovered againsl the revwsal of deferred tax labthtl8s or other luture taxabl8 profits. Defered tax 18 measured using the tax rates and that have beèn enxted ¢X substsnknly gnactgd by th• roportlng date that oro •xpthI tr) to th• le￿r8a1 ofth8 Ilmlng d6ff8r8nce. Year •nd•d 31 PAwch a122 Tanglbl• ass•ts Tangible assets are inilialty recixdwj at CCA8( a￿1 are slated * ¢ost less any accxrnulated depreciation and impalmient losses. Any tsngible asséts carri&J at revalued amounts are re(￿l￿ed at the fair value al the dale of revduation less any subsequent ac￿Mulated dewecialAin and subwuent accumulalwj Inpalm￿ k)sses. An in(xease In tho Ca￿n9 amcwjnt of an asset a5 a result of a revaluation. Is reGcgni5ed tn other revalualion decrease of the same asset wevbusty rec(#Jnised in profft or loss. A kn in the ca￿Ying am￿nt of an asset as a r8suFt of revalualion is recognised in other cclnprèhgnswe income to the extent of ony wevmxtsty rocognised reVduati￿ Inu&8s• accumulaled In (*ph4 and reserv6s In respect of that asset. Where a revaluation deryeaso ex￿d5 Ihe accumulatod revaluation galns accumulat•d in capital and reserrfes In r•spBct of Ihat asse( the ex(xs 8haU bg rec(wJn18ed in profit or Depreclation DepreCia￿n is 3r￿Sfjo in prnht or108B. All other 8uch Investments are subsequonuy m8a$ured at C06t1888 Impalrm8nL 0th8r financ181 Instruments, Includlng dedvatfv88. we Inlllalty ￿OgnIsed al falr valuo. unle88 paymont for an asset 18 dèferred beyond nomial bU81n0￿ term8 or finonced at a ral8 ol Interest that Is not market rala, In which ca88 thè asset 18 mOaSUTed al th• prgsent valu? of the futurn ￿YThents dI￿OUnted al a mark8t rats of Interest for a 81mllor debt In8trument. Other fln8ndo1 Instruments are sub88qUonlly moa8ured at falr value, vAth any change8 recognl8ed In proffil or loss. wllh the 8xcopUon of hedglng Instruments In a d6$lgn&ted hedglng relatlonshlp. Flnanclal a880ts that are m8a$urod al c061 or amortS8ed c061 are revl8wed for oblecllve evkjonce of Impalmient at the end of Oach reportlng date. If there 1$ objectlve OVIden￿ of Impalment, an Smp8lmi$nt108818 reccgn15ed In FKofft or1088 Immedlalely. For all 8qulty In8thJm•nts r¢gard1888 of 8lgnfflc8nce, and oth•r Ilnanclal 96$0ts that erft Indfvldually slgnlflcant. Ih88e aro assgs¥ed Indlvldually for Impalmenl. Other flnanclal or •lther as8e$8ed Indfvldu81ty or grouped on tho basls ol slmllar Gre(111 rfsk ch8ract8rfsl1￿. Any rwèr8818 of ImpaI￿OnI are recegnl8od In profil or1086 Immedlately, to tho axt•nt thol tho reversal doo8 not re8uIt In a Carl￿ng 8mount of the fSnancl810¥8el Ihat axca•d# what the catyng amount would hav8 beon had the Inpdmient not prnvI￿JsIy been re¢ognl8ed. Dofin•d ¢ontrfbutlon pl•n• Conlrfbullcm8 to defined Mntdbullon plan8 ar• ro¢ognlsod as an expgn8e h th8 portod In wthlch tho related 80rvlce 18 provlded. Propald contrlbutson8 are recognlsed a8 an a8sel to the extent that thg prep4wnent wlll lead to 8 roductlon In lulur• ￿¥mentS or a refund. Whon contdbullon8 are r￿1 èxpeGted to be sèttled whdty ￿thIn 12 month6 of the end of th• r•portkng dola In ￿lCh th• •mployees ronder th• related 8arvlee, th8 Ilablllty Is m8#surod on a d18¢0untod pr68ont value ba818, Thg unwlndlng of Iho dl8counl18 ro¢0gnl8od In flnanc8 ¢o$ts In profll or10$8 In tho P9rl¢xl In whlch ft arl8e5. Llmll•d by gu•rnnl•e kny wofft made by the cfjmpany Is rnwusgd for the good ol the bu81n8ss. Pagg 8 Easy Houslng A8swlatlon Company Ilmllad by guarantee Notsl to the flnandal statsments l¢ontlnuod) Ye4r end￿ 31 Mar¢h 2022 St•ff Costs The averag8 number of persons employed by the company dUr￿j Ihe year amounted to Nil {2021: NII). The aggregala Pa￿￿[ co$1$ incurred durlng the ypar ￿re.. 2022 2021 Wages and salaries Soclal $6cur¢ty costs other pension costs 323.310 28,850 6.299 267.847 16.291 4,849 358.459 288.987 Profit before taxati¢M 18 8tsted after chargingl(credlUng>.' 2022 2021 Oepreclation of tangIb￿ a88ets 21,349 20.972 Tanglble a•8ets Flxtures. ttlngs and equlpment Motor vehldos Totsl Cost At 1 Aprfl 2021 Iditlons 201.541 20,456 12,900 2.400 214,441 22.856 At 31 M*rch 2022 221,997 15.300 237,297 Dgprnclatlon At 1 April 2021 Charge for thè year At 31 M￿h 2022 123.991 19.601 6.557 1.748 130.548 21,349 143,592 8,305 151,897 Carrylng amtsunl At 31 March 2022 78.405 85,400 At 31 March 2021 77,550 6.343 83.893 Pago 9 Company Ilmlt•d by gu•rant•• Y•ar •nd•d 31 Ma￿h 2022 Debtor• Trade debtors Other dobtors 9.888 2022 2021 Other In¥e8tments 22,180 10. Cr•dftor¥: amounts falllng du• wlthln on• y••r 2022 2021 Trade ¢rodltorn Soclal securtty and otrw laxes Other crndl*rn 55.075 14.434 8.561 2,893 72,472 16,563 P40 10 Y•tr ended 31 IAwch 2022 2021 Turnov•r Rent recefvable Ottw In¢xm• 1167.061 1,857,608 2.248 2.168.625 1.859,856 Cost of salfjs Direct L￿sts (1.047.957) (747.015) (747.0151 (1.047.957) Gro88 profft 1.120.668 1.112.841 51.7% 59.8% Admlnlstratlv• oxpenms Wages and salaries Directors remunorat¢ EmpFoyo¢s sooal security contr Staff pension costs- other Staff traI￿ng Rent payable Ratos Insurance Light and heat Cleaning Repaits and malntenanr Pdntiw, postage arKI stati￿Y Advertis Telephone Computer costs Hire of equlpment Travelliro and entertanment Legal and profgssbnal Consultancy fees Accountancy fge¥ Bank chargès Bad debts General expertses Charitable donatiLYts- tjpe 2 Deprn¢la1iL￿ of tanglble a$80ts (279.810) {43,5(K)} (28,850) {6,299) 1435) {445.195} (47,990} (4.046) (54.091) {56,918) {60.0691 (4,178) {262.972) 14.875) (16.291) {4,8491 (1.375) (468,995) (42,727) {3,714} 155,958) {45,844) {69.214) 17.992) 115) (3,787} (2,734) 11.398) (18,616} 112.150) (2.200) (2,693) {510) (4,3271 (1,2291 (3.000) {20.972) {1.058.435) (4.Wa6) 17.4111 {1.8841 (21,363) (5.511) {417) 12,9631 {5101 (3.250) fl.047) (21,349) (1.107,582) Operatlng pr•fft 13.086 Company Ilmlt•d by guwarrt•o Y•ar end•d 31 IAaw¢h 2022 2021 Op•rntlng profft p•r¢•nlag• 0.6% Other Interest recalvable and 8lmi* trKtyne 15 78 13.101 54.484