## ## ||PAGE| |---|---| |REFERENCE AND ADMINISTRATIVE DETAILS|| |REPORT OFTHE TRUSTEES|2-6| |AUDITOR'S REPORT|7-9| |STATEMENT OF FINANCIAL ACTIVITIES|10| |BALANCE SHEET|| |CASH FLOW STATEMENT|12| |NOTES TO THE CASH FLOW STATEMENT|13| |NOTES TO THE FINANCIAL STATEMENTS|14-19| |DETAILED STATEMENT OF FINANCIAL ACTIVITIES|20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |STATEMENT OF FI|NANCIAL A|CTIVITIES|||| |---|---|---|---|---|---| |||||31.08.2022|31.08.2021| |||||Unrestricted|Total| |||||fund|funds| ||||Notes|0|| |INCOME AND KNDOWMKNTS||FROM|||| |Income||||3,804,672|3,423,651| |Investmentincome||||6|20| |||||3,804,678|3,423,671| |KXPKNDITURK ON|||||| |Charitable
activities|||||| |Charitable
activities||||3,051,111|2,649, 190| |Support costs||||699,578|650,791| |Total||||3,750,689|3,299,981| |NKT INCOME||||53,989|123,690| |RECONCILIATION|OFFUNDS||||| |Total funds brought|forward|||814,799|691,110| |TOTAL FUNDS CARRIED FORWARD||||868,789|814,799| ## |BALANCESHEETASAT31AUGUST 2022|||| |---|---|---|---| |||31.08.2022|3].08.2021| ||Notes|Unrestricted|Total| |||fund|1'ands| |FIXEDASSETS||8|| |Tangible
assets|10|361,025|376,837| |CURRENT ASSETS|||| |Debtors||6,316|6,768| |Cash at bank and in hand||528,548|441,394| |||526,864|448,162| |CREDITORS|||| |Amount
falling due within one year|12|(19,100)|(10,200)| |NET CURRENT ASSETS||~II7,764|437,962| |TOTAL ASSETSLESS CURRENT|||| |LIABILITIES||868,789|814,799| |CREDITORS|||| |Amount
falling due after more than one year|13||| |NET ASSETS||868,7$9|814,799| |FUNDS
Unrestricted
funds||868,789|814,799| |TOTAL FUNDS||868,7$9|814,799| ## |CASH FLOW STATEME|NT||||| |---|---|---|---|---|---| |||||31.08.2022|31.08.2021| ||||||8| ||||Note||| |Cash flows from operating
activities
Cash generated
from operations||||79&153|26,989| |Net cash provided
by operating
activities||||79,153|26,989| |Cash flows from investing
Purchase oftangible fixed|activities
assets||||4,218| |Net cash used in investing|||||4,218| |Change in cash and cash equivalent
the reporting
period||in||79,154|22,77]| |Cash and cash equivalent|at the||||| |beginning ofthe reporting|period|||441,395|418,623| |Cash and cash equivalent
the reporting
period|at the end|of||520,548|441,394| ## |RECONCILIATION
OF NE
ACTIVITIES|T INCOME TO NET CASH FLOW F|ROM OPERATING|| |---|---|---|---| |||31.08.2022|31.08.2021| |Net income for the reporting
ofFinancial Activities)|period (as per tbe Statement|53,989|123,690| |Adjustment
for:
Depreciation
charges
(Increase)/decrease
in debtors
(Decrease)/increase
in creditors||15,812
452
8,900|20,307
5,721
(122,729)| |Net cash provided
by operations||79,153|26,989| ## ## ||At 1.9.21|Cash flow|At 31 .08.21| |---|---|---|---| ||||8| |Net cash|||| |Cash at bank|441,394|79,154|520,548| ||441,394|79,154|520,548| |Total|441,394|79,154|520,548| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INCOME|||||| |---|---|---|---|---|---| |||||31.08.2022|31.08.2021| |Rental Income (Social Housing)||||3,743,504|3,362,918| |Service charge (Management)||||36)462|32,227.51| |Misc. Income||||24,706|28,505.22| |||||3,804,672|3,423,651| |INVESTMKNT INCOME|||||| |Bank interest received|||||20| |CHARITABLE ACTIVITIES COSTS|||||| ||||Direct|31.08.2022|31.08.2021| ||||costs|Total|Total| |Charitable
activities|||3,051,111|3,051,111|2,649,190| |SUPPORT COSTS|||||| |||Management|Governance|31.08.2022|31.08.2021| |Other resources expended||f|||| |Charitable
activities||691,884||691,$84|640,380| |Bank Charges||194||194|103| |Mortgage Interest
Audit fee|||7,500|7,500|3,808
6,500| |||692,078|7,501|699,578|650,791| |NET INCOME (EXPENDITURE)|||||| |Net income (expenditure)|is stated atter charging/crediting|||31.08.2022|31.08.2021| |||||f|| |Auditor's
remuneration||||7,500|6,500| |Depreciation - owned assets||||15,$12|20,307| ||||||Continued. ..| ## |7.|TRUSTEES REMUNERATION|TRUSTEES REMUNERATION|TRUSTEES REMUNERATION|AND BENEFITS||| |---|---|---|---|---|---|---| ||||||31.08.2022|31.08.2021| ||Trustees'|salaries|||55,467|54,879| ||Trustees'|Tax and National|insurance||22,309|14,357| ||||||77,776|69,236| ## |STAFF COSTS|||||| |---|---|---|---|---|---| |||||31.08.2022|31.08.2021| |Wages and salaries||||326,136|351,575| |Tax and National
insurance||||92,321|95,204| |Other pension costs||||11,200|14,758| |||||429,657|461,536| |The average monthly|number ofemployees|during the year was as follows:|||| |||||31.08.2022|31.08.2021| |Average number ofemployees||||28|25| |No employee benefits exceed 660,000 during|||the period.||| ## ## ## |||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---|---| |||||||fund|fund| |||||||2022|2021| |INCOME AND ENDOWMENT|||FROM||||| |Rental Income (Social||Housing)||||3,804,678|3,423,671| |Investment
income (Bank interests|||received)||||| |||||||3,804,678|3,423,671| |EXPENDITURE ON|||||||| |Charitable
activities|||||||| |Charitable
activities||||||3,051,111|2,649, 190| |Support costs||||||699,578|650,791| |||||||3,750,689|3,299,981| |NET INCOME||||||53,989|123,690| |RECONCILIATION||OF FUNDS|||||| |Total finds brought|forward||||Furniture|814,799|691,110| |TOTAL FUNDS CARRIED FORWARD||||||868,789|814,799| |TANGIBLE FIXEDASSETS|||||||| ||||Freehold|Motor||Office|| ||||Property|Vehicle|&Fittings|Equipment|Totals| |||||g|||g| |COST|||||||| |At
1 September 2021|||349,000|36,825|11,105|34,494|431,423| |Addition|||||||| |At 31 August 2022|||349,000|36,825|11,105|34,494|431,423| |DEPRECIATION|||||||| |At
1 September 2021
Charge for the year|||6,980
3,490|18,086
5,337|11,105|18,416
6,985|54,587
15,812| |At 31 August 2022|||10,470|23,423|11,105|25,401|70899| |NET BOOK VALUE|||||||| |At 31 August 2022|||338,530|13,402|(0.36)|9,093|361,025| |At 31 May 2021|||342,020|18,739|(0.36)|16,078|376,837| ## ## |DEBTORS:AMOUNT
FALLING DUE WITHIN O|NE YEAR|| |---|---|---| ||31.08.2022|31.08.2021| |Trade debtors (Rental income)|6,316|| |Tax overpaid||6,768| ||6316|6,768| ## ## |||||31.08.2022|31.08.2021| |---|---|---|---|---|---| |Trade|creditors|(Rental|income)|19,100|10,200| |||||19,100|10300| ## ## ## |MOVEMEN|T IN FUNDS||||||| |---|---|---|---|---|---|---|---| ||||||Net||| |||||At 01.09.21|movement|At 31.08.22|| ||||||in funds||| |Unrestricted|funds||||||| |General
fund||||814,799|53,989|868,789|| |TOTAL FUNDS||||814,799|53,989|868,789|| |Comparative|net movement|in|funds, included|in the above are as follows:|||| |||||Incoming|Resources|Movement|| |||||resources|expended|in|fund| |||||f|||6| |Unrestricted|funds||||||| |General
fund||||3,804,678|(3,750,689)||53,989| |TOTALFUNDS||||3,804,678|(3,750,689)||53,989| |CONTROLLING ENTITY|||||||| |There is no|overall controlling||entity.||||| ## ## ## ## ## |STATEMENT OF F|INANCI|AL ACTIVITIES||| |---|---|---|---|---| ||||31.08.2022|31.08.2021| |INCOME AND ENDOWMENTS|||f|f| |Income||||| |Rental Income (Social|Housing)||3,743,504|3,362,918| |Service charge (Management)|||36,462|32,228| |Misc. Income|||24,706|28,505.2| ||||3,804,672|3,423,651| |Investment
income||||| |Bank interest received||||20| |Total incoming
resources|||3,804,678|3.423.673| |EXPENDITURE||||| |Charitable
Expenditure||||| |Property rent &lease management|||2,157,668|1,674,605| |Property Maintenance|&Expenses||353,501|493,377| |Tenants Welfare|||252,795|225,023| |Project Work (Concierge)|||75,219|79,104| |Council Tax, rates and|HB overpayments||109,093|113,540| |Light &Heat|||102,836|63,542| ||||3,051,111|2,649,190| |Management
&Administration||expenses||| |StaffCosts|||496,233|446,778| |Pension
internet|||11,200|14,758| |Accountancy
fee|||22,725|13,480| |Computer
and Software|||7,968|6,853| |Consultancy|||27,400|43,877| |Insurance|||4,514|1,485| |ITand|||4,540|6,275| |Legal and Professional|Fees||37,455|21,I52| |Misc. Expenses|||2,528|1,729| |Travelling
and Motor|Running|Costs|431|295| |Oftice Rent|||22,$00|22,800| |Offtce Supplies|||12,169|10,930| |Penalty
and Licence|||133|146| |Postage and Carriage|||155|| |Subscription|||1,486|407| |Telecommunication|||17,085|27,032| |Training|||481|2,077| |Bad Debt Written-off|||6,770|| |Depreciation|||15,812|20,307| ||||691,884|640,380| |Finance||||| |Bank Charges|||194|103| |Mortgage Interest||||3,808| |Governance||||| |Audit fee|||7,500|6,500| |Total resources expended|||3,750,6$9|3,299,981| |Net income/expenditure|||53,9$9|123,690| PAGE 20