##
##
|Charity number|Charity number|Charity number|Charity number||1139580||
|---|---|---|---|---|---|---|
|Company|number||||07277557||
|Homes and||Communities||Agency|4695||
|registration||number|||||
|Directors and|||trustees||Mr Jonathan Jarrett IChairman)||
||||||Mr Peter Ottino||
||||||Councillor Margaret|Gordon|
||||||Mrs Joannie Andrews||
||||||Mr Datoru Ben Paul-Worika||
||||||Rev Al Gordon||
||||||Rev Andrew
Wilson||
||||||Mrs Olivia Gordon||
||||||Mr John Parmiter||
||||||Ms Jacqueline
Driver||
||||||Councillor
Penny Wrout||
|Clerk tothe||trustees|||The Trust Partnership||
|Registered|office||||6Trull Farm Buildings||
||||||Tetbury||
||||||Gloucestershire||
||||||GL8 8SQ||
|Independent|||auditors||Dunkley's||
||||||Woodlands
Grange||
||||||Woodlands
Bradley||
||||||Stoke Bristol||
||||||BS324JY||
|Bankers|||||HSBC Bank Pic||
||||||2 Cheapside
High Road||
||||||Wood Green||
||||||London||
||||||N22 6HJ||
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##
|||Page|
|---|---|---|
|Report ofthe trustees|||
|Report ofthe auditors||8-10|
|Statement offinancial activities||11-12|
|Balance sheet||13|
|Statement ofcash flows|||
|Notes tothe accounts||15-24|
|Detailed statement
offinancial|activities|25|
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|Metric|||2021|2020|
|---|---|---|---|---|
|1|Reinvestment||1.14%o|1.02%|
|2|New supply delivered||0|Q|
|3|Gearing||8.0%|8.2%|
|4|EBITDA MRI {EBITDAMajor Repairs included)|Interest cover %|9.3%|SQ%|
|5|Headline Social Housing costs per unit||3,037|2,731|
|6a|Operating
Margin (Social lettings)||43.7%|40.9%|
|6b|Operating
Margin {Overall)||50,9%o|32.2%|
|7|ROCE%||1.75%|076%|
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||||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Notes|Funds|Funds|Funds|2021|2020|
|Income &expenditure||||||||||
|Income from:||||||||||
|Maintenance
Contributions|||||294,824|24,564||319,388|307,494|
|Investment
Income|||||6,150|8,127||14,277|14,195|
|Interest Received|||||211|||211|4,664|
|Otherincome|||||162,351|||162,351|2,211|
|Total|||||463,536|32,691||496,227|328,564|
|Expenditure
on:||||||||||
|Activities
in furtherance|||of|||||||
|the charity's objectives||||11/12|175,922|45,652||221,574|187,967|
|Loan interest|||||||31,261|31,261|34,917|
|Other recognised|(gains)/losses||||(13,846)|(151,504)||(165,350)|37,185|
|Total Expenditure|||||162,076|(105,852)|31,261|87,485|260,069|
|Transfers between||funds|||(82,014)|250|81,764|||
|Net income||||||||||
|and net movements||in funds|||219,446|138,793|50,503|408,742|68,495|
|Reconciliation
of|funds|||||||||
|Fund balances brought forward at||||||||||
|31.12.2020|||||599,633|681,471|12,632,411|13,913,515|13,845,020|
|Fund balances carried forward||||||||||
|at||||||||||
|31.12.2021|||||819,079|820,264|12,682,914|14,322,257|13,913,515|
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||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
|||Notes|Funds|Funds|Funds|2020|
|Income 8 expenditure|||||||
|Income from:|||||||
|Maintenance
Contributions|||282,930|24,564||307,494|
|investment
Income|||5,576|8,619||14,195|
|Interest Received|||4,ee4|||4,664|
|Other income|||2,211|||2,211|
|Total|||295,381|33,183||328,564|
|Expenditure
on:|||||||
|Activities
in furtherance|of||||||
|the charity's objectives||11/12|173,611|14,356||187,967|
|Loan interest|||||34,917|34,917|
|Other recognised
losses|||2,563|34,622||37,185|
|Total|||176,174|48,978|34,917|260,069|
|Transfers between
funds|||{83,053)|250|82,803||
|Net income/(expenditure)|||||||
|and net movements
in funds|||36,154|{15,545)|47,886|68,495|
|Reconciliation
offunds|||||||
|Fund balances brought forward at|||||||
|31.12.2019|||563,479|697,016|12,584,525|13,845,020|
|Fund balances carried forward at|||||||
|31.12.2020|||599,633|681,471|12,632,411|13,913,515|
##
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|As at 31|December 2021|||Co|mpany
number|: 07277557|
|---|---|---|---|---|---|---|
|||Notes||2021||2020|
|Fixed Assets|||||||
|Tangible assets||||12,260,222||12,260,504|
|Investments||||2,727,864||2,564,030|
|||||14,988,086||14,824,534|
|Current assets|||||||
|Debtors|||82,783||29,229||
|Bank balances|||277,561||165,786||
||||360,344||195,015||
|Current liabilities|||||||
|Creditors|||93,665||121,930||
||||93,665||121,930||
|Net current|assets|||266,679||73,085|
|Long term creditor||||932,508||984,104|
|Total assets|less current liabilities|||14,322,257||13,913,515|
|Capital and|reserves||||||
|Unrestricted|funds|||819,079||599,633|
|Restricted funds||||820,264||681,471|
|Endowment|funds|||12,682,914||12,632,411|
|||||141322,257||13,913,515|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|CASH FI.OQfs FROM OPERATING ACTIVITIES:|||||||
|Net cash used in operating activities|||||11Q,051|68,312|
|Cash flows from investing
activities:|||||||
|Dividends
and interest from investments||||||4,664|
|Proceeds from sale ofinvestments|||||45,446|14,356|
|Purchase ofinvestments|||||(43,930)|(43,930)|
|Net cash used in investing
activities:|||||1,724|(24,910)|
|Change
in cash and cash equivalents|in the reporting||period||111,7?5|43,4Q2|
|Cash equivalents
at the beginning
of|the reporting|period|||165,786|122,384|
|Cash and cash equivalents
at the end|ofthe reporting||period||277,561|165,786|
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|||||31.12.2021|31.12.2020|31.12.2020|
|---|---|---|---|---|---|---|
|Legacies Income||||160,989|||
|Solar FITIncome||||1,293|2,089||
|Other Income||||69||122|
|||||162,351|2,211||
|Tangible Fixed|Assets||||||
|||Furniture|Norris 8 Mongers|Dr William|Total||
||||Houses|Spurstowe|31.12.2021||
|||||House|||
|Cost or revaluation|||||||
|At 1Jan 2021||2,333|2,985,000|11,465,000|14,452,333||
|Less HCA Grant||||(2,190,000}|(2,190,000)||
|||2,333|2,985,000|9,275,000|12,262,333||
|Depreciation|||||||
|At 1Jan 2021||1,829|||1,829||
|Charge
in year||282|||282||
|||2,111|||2,111||
|Net cost/valuation|at||||||
|31.12.2021||222|2,985,000|9,275,000|12,260,222||
|Net cost/valuation|at||||||
|31.12.2020||504|2,985,000|9,275,000|12,260,504||
##
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||||||NAACIF|COIF|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||fund|fund|Total|Total|
|Market value|31.12.2020||||785,359|1,778,671|2,564,030|2,566,976|
|Purchases|||||43,930||43,930|43,930|
|Movements|in year||||||||
||||||783,635|1,778,671|2,562,306|2,610,907|
|Sales|||||(45„654)||(45,654)|(14,356)|
|Net investments||gains/(losses)|||165,350|208|165,558|(32,521)|
|Market value|31.12.2021||||948,985|1,778,879|2,727,864|2,564,030|
|Cost 31.12.2021|||||659,588|1,778,879|2,438,467|2,439,981|
|Debtors|||||||||
||||||||31.12.2021|31.12.2020|
|Maintenance|contributions|||in arrears/(advance)|||3,336|(4,795)|
|Prepayments|||||||6,921|7,150|
|Other debtors|||||||72,526|26,874|
||||||||82,783|29,229|
|Creditors:|amounts||falling due within one year||||||
||||||||31.12.2021|31.12.2020|
|||||||||E|
|Amounts
falling||due within||one year:|||||
|Creditors|||||||33,173|30,635|
|Accruals|||||||8,989|40,88S|
|Bank loan (secured)|||||||51,503|50,410|
||||||||93,665|121,930|
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||||31.12.2021|31.12.2020|
|---|---|---|---|---|
|Bank|loan|(secured}|932,508|984,104|
##
|||2021|2020|
|---|---|---|---|
|Net Income for the reporting|period|||
|per the statement
offinancial|activities|408,742|68,495|
|Adjustments
for:||||
|Depreciation
charges||282|282|
|(Gains}/losses
on investments||(165,350)|32,520|
|Dividends
and interest from investments||(208)|(4,664)|
|(Increase)/decrease
in debtors||(53,554)|(14,263}|
|Increase/(decrease)
in creditors||(79,861)|(14,058)|
|Net cash used in operating
activities||110,051|68,312|
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|||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|---|
|||funds|funds|funds|31.12.2021|
|||Accumulated|Extraordinary|Capital|Total|
|Tangible|fixed assets|||12,260,222|12,260,222|
|Fixed asset investments||569,916|720,621|1,437,327|2,727,864|
|Current|assets|287,915|72,429||360,344|
|Current|liabilities|(3S,752)|27,214|(82,127)|(93,665)|
|Long term liabilities||||(932,508)|(932,508)|
|||819,079|S20,264|12,682,914|14,322,257|
|||Unrestricted|Restricted|Endowment||
|||funds|funds|funds|31.12.2020|
|||Accumulated|Extraordinary|Capital|Total|
|Tangible|fixed assets|||12,260,000|12,260,504|
|Fixed asset investments||521,555|635,250|1,407,225|2,564,030|
|Current|assets|168,238|26,777||195,015|
|Current|liabilities|(90,664)|19,444|(50,710)|(121,930)|
|Long term
liabilities||||(984,104)|(984,104)|
|||599,633|681,471|12,632,411|13,913,515|
##
##
##
||Unrestricted|fund|Restricted funds|Endowment|funds|31.12.2021|
|---|---|---|---|---|---|---|
||Accumulated||Extraordinary|Capital||Total costs|
|Council Tax and|||||||
|Water rates||3,154||||3,154|
|Light and Heat||(3,144)||||(3,144)|
|Repairs and|||||||
|maintenance||79,688|18,774|||98,462|
|Warden,
cleaning|||||||
|and gardening||34,289||||34,289|
|Insurance||5,183||||5,183|
|Depreciation||282|||||
|Resident events||1,495||||1,495|
||120,947||18,774|||139,721|
||Unrestricted|fund|Restricted funds|Endowment|funds|31.12.2020|
||Accumulated||Extraordinary|Capital||Total costs|
|Council Tax and|||||||
|Water rates||3,521||||3,521|
|Light and Heat||(1,104)||||(1,104)|
|Repairs and|||||||
|maintenance||68,150|14,356|||82,506|
|Warden, cleaning|||||||
|and gardening||34,301||||34,301|
|insurance||5,082||||5,082|
|Depreciation||282||||282|
|Resident events||980||||980|
|Write offof|||||||
|resident arrears|||||||
||111,268||14,356|||125,624|
##
##
##
|||Unrestricted|Restricted|Endowment|31.12.2021|
|---|---|---|---|---|---|
|||funds|funds|funds|Total|
|||Accumulated|Extraordinary|Capital|costs|
|Almshouse||||||
|management||13,501|||13,501|
|Clerk' s||||||
|remuneration||22,931|||22,931|
|Accountancy||9,566|||9,566|
|Audit/Year|End|||||
|Accounts||1,800|||1,800|
|Legal and||||||
|professional||2,500|26,878||29,378|
|Sundry expenses||2,970|||2,970|
|Bank charges||143|||143|
|Subscriptions||899|||899|
|Trustee insurance|||||665|
|||54,975|26,878||81,853|
|||Unrestricted|Restricted|Endowment|31.12.2020|
|||funds|funds|funds|Total|
|||Accumulated|Extraordinary|Capital|costs|
|Almshouse||||||
|management||20,213|||20,213|
|Clerk's||||||
|remuneration||21,342|||21,342|
|Accountancy||9,509|||9,509|
|Audit/Year|End|||||
|Accounts||1,800|||1,800|
|Legal and||||||
|professional||4,524|||4,524|
|Sundry expenses||3,095|||3,095|
|Bank charges||246|||246|
|Subscriptions||949|||949|
|Trustee insurance||665|||665|
|||62,343|||62,343|
##
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||||Norris 8||
|---|---|---|---|---|
|||Dr Spurstowe|Mongers||
|||House|Houses|Total|
|Income &expenditure|||||
|Income from:|||||
|Maintenance
Contributions||227,043|92,345|319,388|
|Investment
Income||6,150|8,127|14,277|
|Interest Received||211||211|
|Other income||162,351||162,351|
|Total||395,755|100,472|496,227|
|Expenditure
on:|||||
|Activities
in furtherance|ofthe charity's objectives||||
|Property costs|||||
|Council Tax and Water rates||3,283|(129)|3,154|
|Light and Heat||895|(4,039)|(3,144)|
|Repairs and maintenance||68,058|30,404|98,462|
|Warden, cleaning and gardening||18,616|15,673|34,289|
|Insurance||3,369|1,814|5,183|
|Depreciation||282||282|
|Resident events||1,495||1,495|
|||95,998|43,723|139,721|
|Governance costs|||||
|Almshouse
management||8,776|4,725|13,501|
|Clerk's remuneration||14,905|8,026|22,931|
|Accountancy||6,175|3,391|9,566|
|Audit/Year
End Accounts||1,213|587|1,800|
|Legal and professional||17,378|12,000|29,378|
|Sundry expenses||2,970||2,970|
|Bank charges||143||143|
|Subscriptions||899||899|
|Trustee Insurance||432|233|665|
|||52,891|2&,962|81,853|
|Loan interest||(31,261)||(31,261)|
|Other recognised gains||13,846|1S1,504|165,350|
|Net income||229,451|179,291|408&742|