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||||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|
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|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/||
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|',.'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||||||
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|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||||||||
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||||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)|
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|||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|
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|||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|
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|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|
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|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|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||OOOO|f000|
|Loans|from|Gateshead|Council|598|549|
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||||||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|||
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|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|
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|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|
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|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|
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|||||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|
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