## ## ## ||||||||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|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||COC0
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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| |(U0I-||(0
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T| |E||||||||||| ## ## ## ## |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| ## ## ## ##