2023-03-31-accounts

							Page
Registered	Social Housing		Provider			Information
Strategic Board Report							2-13
Independent	Auditor's	Report					14-17
Statement	ofComprehensive			Income			18
Balance Sheet							19
Statement	ofChanges	in	Equity		/ Reserves		20
Statement	ofCash Flows						21
Notes to the Financial		Statements					22-32

Regulator	ofSocial	ofSocial	Housing	Housing	registration	registration	registration	number	4747
Company	registration			number					06211760
Charity registration			number						1121914
Members	ofthe	board serving				during the		year	D Streek (Chair)
									D Lockerman
									J E Hughes
									A Hussain Shah (Resigned 7 November
									2022)
									N SLee (Resigned	31 January 2023)
									P Levaggi (Resigned		17October 2022)
Members	ofthe	board appointed					after the	year-	R Kuklinsk (Appointed		25 May 2023)
end									D Furlong (Appointed		25 May 2023)
Chief Operating		Officer							J Kingsbury
Director ofOperations									N Stolborg (Resigned		31 May 2023)
Registered	office								Unit 1,St.Stephens	Court
									15-17St. Stephens	Road
									Bourn cmouth
									Dorset
									BH2 6LA
Auditor									PKF Francis Clark
									Chartered Accountants		&Statutory	Auditors
									Towngate House
									2-8 Parkstone Road
									Poole
									BH152PW
Solicitor									Frettens Solicitors
									The Saxon Centre
									11Bargates
									Christchurch
									BH23 1PZ
Bankers									National Westminster		Bank PLC
									The Square
									5 Old Christchurch	Road
									Bourn cmouth
									BH1 1DU

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						Total	Total
						2023	2022
					Note
Turnover
Letting of non-investment			property		2	9,509,316	8,571,482
Cost ofSales
Direct cost of	letting properties					7,308,525	5,764, 148
Support costs						2,154,382	1,972,730
					2	9,462,907	7,736,878
Gross surplus						46,409	834,604
Other income
Miscellaneous	income				2	63,116	188,777
						109525	1,023,381
Administrative Management	expenses and administration				2	1,055,286	1,011,331
Surplus I(deficit) for		the	year			(945,761)	12,050
Fund balance	brought	forward		at 1
April						151,897	139,847
Fund balance	carried forward			at 31
March						793,864	151,897

					2023	2022
				Note	F	E
Fixed assets
Intangible assets					8,623	12,163
Tangible fixed	assets				581,935	541,753
					590,558	553,916
Current assets
Debtors				9	1,571,947	1,202,690
Cash at bank	and	in	hand		611,848	542,126
					2,183,795	1,744,816
Total assets					2,774,353	2,298,732
Creditors: amounts			falling due within one year	10	(2,317,874)	(1,155,651)
Net current assets I(liabilities)					456,479	1,143,081
Creditors: amounts			falling due after more than one year	11	(421,875)	(450,000)
Provision for	liabilities			12	(828,468)	(541,184)
Total net assets I(liabilities)					(793,864)	151,897
Funds:
Unrestricted	funds
General funds					(793,864)	151,897
Total funds				14	793,864)	151,897

Year Ended 3	1 March 2023
	Income and	Total	Total
	expenditure	2023	2022
	reserve
	E
As at 1 April	151,897	151,897	139,847
Surplus I
(deficit) for the
year	(945,761)	(945,761)	12,050
Total
comprehensive
income
As at 31 March	793864	~793864	151,897

					2023	2022
				Note
Net cash flow from operating activities
Net cash flow from operating		activities		15	324,339	436,958
Cash flows from investing		activities
Payments to acquire tangible fixed assets				8	(254,617)	(269,411)
Cash flow from financing		activities
Proceeds from issue of new		long-term	loans
Net Increase /(decrease)	in cash and cash equivalents				69,722	167,547
Cash and cash equivalents		at 1 April			542,126	374,579
Cash and cash equivalents		at 31 March			611,848	542,126

cial housing tur	nover an	d costs
				2023	2022
				E
Rents receivable	excluding	service charges		9,374,048	8,477,911
Service charges	receivable			135,268	93,571
Other income				63,116	188,777
Total income from lettings				9,572,432	8,760,259
Cost of property	letting			7,308,525	5,764,148
Support costs				2,154,382	1,972,730
Management and administration				1,055,286	1,011,331
Total housing activities expenditure				10,518,193	8,748,209
Net surplus / (deficit) from		social housing	activities	(945,761)	12,050
Rent losses from	voids			1,137,851	1,221,527

					Number	of	Number of
					units at 31		units at
					March		31 March
					2023		2022
	Social housing
	Supported		housing			537	517
						537	517
4	Auditor's	remuneration
					2023		2022
					E
	Fees payable Association's		to the Association's annual accounts	auditor for the audit ofthe	24,	100	21,000
					24,	100	21,000

The aggregate remuneration ofsuch employees was	as follows:
	2023	2022
	E	E.
Wages and salaries Social security Other pension costs	1,220,434 115,730 22,150	1,202,606 104,921 22,041
	1,358,314	1,328 568
Average number ofemployees	47	49

Intangible fixed assets
	Software
	E
Cost:
At 1 April 2022	39,392
Additions
Disposals
At 31 March 2023	39,392
Amortisation:
At 1 April 2022	27,229
Charge for the year	3,540
Eliminated on disposals
At 31 March 2023	30,769
Net book value:
At 1 April 2022	12,163
At 31 March 2023	8,623

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9	Debtors
				2023	2022
				E	E
	Trade debtors Other debtors Prepayments	and other accrued income		909,582 459,951 202,414	582,697 317,503 302,490
				1,571,947	1,202,690
10	Creditors: amounts		falling due within one year
				2023	2022
	Trade creditors Other tax and social Other creditors Loans		security	566,932 27,456 1,695,361 28,125	368,920 26,000 760,731
				2,317,874	1,155,651
11	Creditors: amounts		falling due after more than one year
				2023	2022
				F
	Loans			421,875	450,000
				421,875	450,000

rovision	for	liability	—Rental income sinking fund
				2023
				E
Sinking fund Movement in		provision provision	at 1 April 2022 during the year	541,184 287,284
Sinking	fund	provision	at 31 March 2023	828,468

	2023	2022
Not later than one year Later than one and not later than five years Later than five years	5,034,504 20,138,015 44,837,054	4,850,742 19,402,969 46,906,508
	70,009,573	71,160,219

			2022 Income	2022 Income	Expenditure	Expenditure	2023
				E
	General reserves		151897 151,897	9,572,432 9,572,432		10,518,193 10,518,193	793,864 793,864
	The general reserve represents free funds particular purpose.		of the registered	provider	which are not designated for a
15	Reconciliation ofoperating surplus /(deficit) to cash flow			from operating		activities
						2023	2022
						E
	Surplus / (deficit) for the year					(945,761)	12,050
	Depreciation and impairment oftangible fixed assets Amortisation and impairment of intangible fixed assets Loss on disposal oftangible fixed assets (Increase) / decrease in trade and other debtors Increase / (decrease) in trade and other creditors Increase / (decrease) in provisions					158,634 3,540 55,801 (369,257) 1,134,098 287,284	100,622 7,079 (10,550) 51,458 276,299
	Net cash flow from operating activities					324,339	436,958
16	Analysis ofchanges in net debt

		2022	Cash flows	2023
Borrowings repayable Long-term borrowings Total liabilities	in & 1 year	(28,125) (421,875) (450,000)		(28,125) (421,875) (450,000)
Cash and cash equivalents		542,126	69,722	611,848
Total net debt		92,126	69,722	161,848