| Page | |||
|---|---|---|---|
| Strategic | Report | 1 —18 | |
| Statement | of Comprehensive | Income | 19 |
| Balance Sheet | 20 | ||
| Statement | in changes in reserves |
21 | |
| Statement | of Cash flows | 22 | |
| Notes to | Financial Statements | 23-33 |
| Performance Indicator |
Year End | Year End | Traffic | ||||
|---|---|---|---|---|---|---|---|
| 2020/21 | 2020/21 | Light | |||||
| Tar et | Performance | ||||||
| % Domestic Gas Servicin | 100o/ | 99.62% | |||||
| %Fire Risk Assessments | - Landlord res |
onsibilit | 100% | 1QQ'/ | |||
| '/o Fire Risk Assessments | Reviews —2020/21 | 100% | 100% | ||||
| %Asbestos Mana ement |
Surve s Communal | 1QQ'/ | 100o/ | ||||
| %Asbestos Mana ement |
Surve s Communal | Reviews | N/A | 1QP'/ | |||
| %Le ionella Risk Assessments General |
Needs | GN | 1QQ'/ | 763% | |||
| %Communal Periodic Electric Inspection resent |
Condition | Report | 100% | 1PQ'/ | |||
| %Domestic Periodic Electric Inspection resent within a 10- ear eriod |
Condition | Report | 100% | 100'/o | |||
| %Domestic Periodic Electric Inspection resent within a5- ear eriod |
Condition | Report | 100% | 98.8% | |||
| %Domestic Stairlifts Service | 1QQ'/ | 1QQ'/ | |||||
| %Domestic Platform/Throu | h Floor Lift | Service | 100% | 100o/ |
| ',.'Stat | &BaIa'nce" Shh'e'etym~'It, | &BaIa'nce" Shh'e'etym~'It, | 00' | ", | +@0' | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| , | ||||||||||||
| Annual | Turnover | P1,508 | Fixed Assets | 226,248 | Loans | GMBC | 615,118 | |||||
| Operating | Costs | f997 | Cash at Bank 31.03.2021 |
2776 | Government | Grants | F11,405 | |||||
| Deficit | for | the Year | F92 | Retained Earnin |
s | F174 |
| Reference | and administrative | details | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charity Reference Number | 1133321 | ||||||||||
| Company | Reference Number | 06972673 | |||||||||
| Registered | Provider Number | 4647 | |||||||||
| Registered | Address | Civic Centre | |||||||||
| Gateshead Regent |
Centre | ||||||||||
| Gateshead | |||||||||||
| NE8 1JN | |||||||||||
| Directors | John Adams | ||||||||||
| Joanne Carr —Resigned | 24/09/2020 | ||||||||||
| Jennifer Elliot |
|||||||||||
| Joseph Gardiner | |||||||||||
| Joanne Giles | |||||||||||
| Thomas Graham —Resigned | 1/4/2021 | ||||||||||
| Stuart Green | |||||||||||
| Thomas Sutton —Appointed | 28/09/2020 | ||||||||||
| Calum Willis | |||||||||||
| Alistair Wylie | |||||||||||
| Secretary | Neil Bouch —Resigned | 1/4/2021 | |||||||||
| Management | Team | Day-to-day management |
has | been delegated | to The | ||||||
| Gateshead Housing |
Company | (Gateshead | Council | ||||||||
| from 1 April 2021) |
|||||||||||
| Auditor | Haines Watts | ||||||||||
| 17Queens Lane | |||||||||||
| Newcastle upon Tyne |
|||||||||||
| NE1 1RN | |||||||||||
| Banker | The Co-operative Bank 1"Floor, Norfolk House |
||||||||||
| 90Grey Street | |||||||||||
| Newcastle upon Tyne |
|||||||||||
| NE1 1HH | |||||||||||
| Solicitor | Gateshead Metropolitan |
Borough Council | |||||||||
| Civic Centre | |||||||||||
| Regent Street | |||||||||||
| Gateshead | |||||||||||
| NE8 1HH |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | f000 | f000 | ||
| Turnover | 1,508 | 1,398 | ||
| Operating costs | ( 997) | ( 964 ) | ||
| Operating surplus |
511 | 434 | ||
| Interest payable | (598) | (54.9) | ||
| Surplus/(deficit) | before tax | (87) | (115) | |
| Tax | (5) | (4) | ||
| Surplus/(deficit) | for | the year | (92) | (119) |
| Total comprehensive | income for the year | (92) | (119) |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| OOOO | f000 | |||||
| Fixed assets | ||||||
| Tangible assets | 26,248 | 24,164 | ||||
| Current assets | ||||||
| Debtors | 367 | 327 | ||||
| Cash at bank and | in hand | 776 | 584 | |||
| Liabilities | ||||||
| Creditors: amounts | falling due | |||||
| within one year | ( | 1,147 ) | ( | 1,056 ) | ||
| Net current liabilities | (4) | (145 ) | ||||
| Creditors: amounts | falling due after | 10 | ||||
| one year | ( 26,070 ) | ( 23,753 ) | ||||
| Net assets | 174 | 266 | ||||
| Reserves | ||||||
| Retained Earnings |
174 | 266 |
| Retained | Earnings | ||
|---|---|---|---|
| Notes | OOOO | ||
| Balance at 1 April 2019 | 385 | ||
| Deficit for year | ( 119 ) | ||
| Balance at 31 March 2020 | 266 | ||
| Balance at 1 April 2020 | 266 | ||
| Deficit for year | (92 ) | ||
| Balance at 31 March 2021 | 174 |
| Balance Sheet | ||||||
|---|---|---|---|---|---|---|
| As at 31 March 2021 | ||||||
| Notes | 2021 | 2020 | ||||
| f000 | f000 | |||||
| Cash flows from operating | activities | |||||
| Net cash (used in)iprovided | by operating | activities | 229 | 193 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets Proceeds from the receipt of government |
grants | (2,520 ) 592 |
(2,433 ) 1,199 |
|||
| Net cash provided byinvesting activities |
(1,928 ) | (1,234 ) | ||||
| Cash flows from financing | activities | |||||
| Repayment of borrowings |
(308 ) | (275 ) | ||||
| Proceeds from new loan | 2,200 | 1,650 | ||||
| Net cash usedin financing |
activities | 1,892 | 1,375 | |||
| Change in cash and cash |
equivalents | 193 | 334 | |||
| Cash and cash equivalents | at the beginning | ofthe year | 583 | 249 | ||
| Cash and cash equivalents | at the end | of | the year | 776 | 583 | |
| Breakdown ofcash and cash equivalents |
||||||
| Cash at bank and in hand |
776 | 583 |
| Roof | 50 years | |
|---|---|---|
| Heating systems | 40 years | |
| Electrics | 30years | |
| Windows | and external doors | 25 years |
| Structure | 100years | |
| Bathroom | 30years | |
| Kitchen | 20 years | |
| Gas boiler | 15years |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| OOOO | f000 | ||||
| Loans | from | Gateshead | Council | 598 | 549 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| f000 | OOOO | |||||
| Current tax | ||||||
| 6.1. | Reconciliation | ofthe | effective tax rate | |||
| 2021 | 2020 | |||||
| f000 | OOOO | |||||
| (Deficit)/Surplus | (92 ) | (119) | ||||
| Total tax expense | 5 | 4 | ||||
| (Deficit)/Surplus | before | tax | ( 87) | (115) | ||
| Tax using the UK corporation | tax rate of 19%(2020: 19%) | (17) | (22 ) | |||
| Non-deductible | expenses | 22 | 26 | |||
| Total expense | included | in the | income statement |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Shared | Housing | ||||
| Rented | Ownership | Properties | |||
| Housing | Housing | in the course | |||
| Properties | Land | Properties | of construction | Total | |
| f000 | OOOO | OOOO | f000 | f000 | |
| Cost | |||||
| At 1 April 2020 | 20,557 | 3,255 | 702 | 1,536 | 26,050 |
| Additions | 1,827 | 693 | 2,520 | ||
| Transfers | 920 | ( 920 ) | |||
| At 31 March 2021 | 23,304 | 3,255 | 702 | 1,309 | 28,570 |
| Depreciation | |||||
| At 1 April 2020 | 1,840 | 46 | 1,886 | ||
| Charge for year | 426 | 10 | 436 | ||
| At 31 March 2021 | 2,266 | 56 | 2,322 | ||
| Net book value | |||||
| At 31 March 2021 | 21,038 | 3,255 | 646 | 1,309 | 26,248 |
| At 31 March 2020 | 18,717 | 3,255 | 656 | 1,536 | 24,164 |
| Number | of units u | nde | r | mana | gement | |||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Under | development | at | end | ofthe | year | |||
| Rented | units | 19 | 28 | |||||
| Shared | ownership | units | 5 | 5 | ||||
| Under | management | at | end | ofthe | year | |||
| Rented | units | 262 | 231 | |||||
| Shared | ownership | units | 13 | 13 |
| 8. | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| f000 | OOOO | ||||
| Trade debtors | 161 | 127 | |||
| Amounts owed by related parties (see note 12) |
206 | 200 | |||
| 367 | 327 | ||||
| 9. | Creditors: | Amounts | falling due within one year | ||
| 2021 | 2020 | ||||
| f000 | f000 | ||||
| Trade Creditors | 428 | 616 | |||
| Accruals | 243 | l5 | |||
| Loans from | Gateshead | Council | 338 | 294 | |
| VAT | 6 | 7 | |||
| Corporation | tax | 5 | 4 | ||
| Recycled capital grant | fund | 12 | 12 | ||
| Government | grants | 115 | 108 | ||
| 1,147 | 1,056 | ||||
| 10. | Creditors: | Amounts | falling due after one year | ||
| 2021 | 2020 | ||||
| f000 | OOOO | ||||
| Loans from | Gateshead | Council | 14,780 | 12,932 | |
| Government | grants | 11,290 | 10,821 | ||
| 26,070 | 23,753 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| f000 | f000 | ||||
| Assets measured | at | cost less impairment | |||
| Trade debtors | 161 | 127 | |||
| Liabilities measured | at amortised cost | ||||
| Loans from Gateshead | Council | 15,118 | 13,226 | ||
| Cash from operating | activities | ||||
| 2021 | 2020 | ||||
| OOOO | OOOO | ||||
| Deficit for the year | ( 92 ) | ( 119 ) | |||
| Adjustment for: |
|||||
| Depreciation and amortisation |
436 | 363 | |||
| Interest payable and |
similar charges | 598 | 549 | ||
| Deferred government | grant | ( 115 ) | ( 108 ) | ||
| Taxation | 5 | 4 | |||
| 832 | 689 | ||||
| Decrease/(increase) | in trade and other debtors | 40 | 83 | ||
| Increase/(decrease) | in trade and other creditors | (4o) | (34) | ||
| Interest paid | ( 598 ) | (549) | |||
| Tax paid | (5) | 4 | |||
| Net cash from ope | ra | ti | ng activities |
229 | 193 |