2020-12-31-accounts

Metric					RSH	2020	2021	Global	Global	Global
					metrics		Target	accounts	accounts-2019-	accounts
								median	RP's managing	ofRPs-
								2019 Less than	more than 1000 homes median	2019entity
								2500 units
Reinvestment %					Yes	0%	0%
New su	I delivered			%	Yes	0%	0
New social housing					Yes	0%	0%	0.6%
su
New non- social housing					Yes	0%	0%	0.0%
su
Gearing	% —debt	as		a	Yes	0%	0%	34.1%
ercenta	eofassets
EBITDA	MRI Interest				Yes	0%	0%	194%
Cover%
Headline	social housing				Yes	64,924	65,984	4 88%
cost er	unit %
Operating margin		%-			Yes	38.4%	362%	23 3%
social housin
Operating margin		%-			Yes	384%	36.2%		25 8%
overall
Return on capital					Yes	4.5%	4.0%		3.8%
em lo ed ROCE		%
Average	WMC increases				No	27%	1 5%			13.1%
compared	to other
registered	providers
nationall
Rent Loss from Voids					No	0%	5%			1.5%
Bad debts for the		ear				FNil	ENII			0 8%
Tenant arrears						0%				4.7%
Turnover	RSL					F98,775	E97,005			15.2%
EPC Rating C and		above			No	625%	100%
2014
Resident	participation			in	No	25%	50%
decision making
(attendance at trustee
meetin s
Emergency Repairs		dealt			No		100%
within 24	hours
Response	to telephone						100%
calls from	residents	within
24 hours-	includes
Lifeline
Emotional	well being of
residents-	has living	at
the almshouses improved
the quality	of life of
residents
Overall Maintenance			of
Buildings	and gardens
as 'ud ed b residents

		Notes		2020		2019
Turnover				98,775		94,459
Operating expenditure
Management expenses			39,937		35,462
Repairs and maintenance			18,461		17,644
Service costs			5,129		4,625
				(63,527)		(57,731)
				35,248		36,728
Other income				2,721		1,000
Operating surplus				37,969		37,728
Interest receivable and	other income	7		804		960
Surplus for the year				38,773		38,688
Revaluation of investments		13		416		5,771
Total comprehensive the year	income for			39,189		44,459

					Revenue	Designated	Restricted	Total
					Reserves	Reserves	Funds
					6	6	6
Balance		at 1 January		2020	388,938	203,000	50,449	642,387
Surplus I statement		(deficit) from ofcomprehensive			45,582	(7,801)	1,408	39,189
income
					434,520	195,199	51,857	681,576
Transfer		between	funds		(7,801)	7,801
Balance		at 31 December 2020			426,719	203,000	51,857	681,576

		Notes		2020		2019
Fixed assets
Tangible fixed assets		12		735,823		726,714
Investments		13		47,163		40,747
				782,986		767,461
Current assets
Trade and other debtors		14	5,524		10,794
Cash and cash equivalents			76,822		41,783
			82,346		52,577
Creditors: amounts within one year	falling due	15	(12,126)		(9,702)
Net current assets				70,220		42,875
Total assets less current liabilities				853,206		816,336
Creditors: amounts after more than one	falling due year			(171,630)		(173,949)
Total net assets				681,576		642,387

Reserves
Revenue	reserve			426,719	388,938
Designated		reserves	19	203,000	203,000
Restricted		reserves	18	51,857	50,449
				681,576	642,387

				Notes	2020	2019
Net cash generated from	operating	activities		20	50,908	41,170
Cash flow from investing	activities
Purchase oftangible fixed assets					(15,909)	(55,377)
Interest received					40	62
					35,039	(14,145)
Cash flow from financing	activities
Interest paid
Repayment of borrowings
Net change in cash and cash equivalents					35,039	(14,145)
Cash and cash equivalents	at beginning		ofthe year		41,783	55,928
Cash and cash equivalents	at end	of	the year		76,822	41,783

Units in m	ana	geme	nt
						Units at	Units at
						start	end
Supported	housing		and housing		for older people		16
Turnover
						2020	2019
Weekly maintenance			contributions			96,456	92,140
Social housing		grant	utilised	in	year	2,319	2,319
						98,775	94,459
Illlanagement		expenses
						2020	2019
						6	F
Water rates						(52)	(19)
Light and heat						1,824	852
Insurances						2,597	2,562
Cleaning						3,024	1,844
Telephone						380	603
Administration						25,364	23,972
Depreciation						6,800	5,648
						39,937	35,462
Service costs
						2020	2019
						6
Audit and accountancy						3,599	3,302
Subscriptions						729	571
Professional	fees					801	752
						5,129	4,625

				FOR THE YEAR ENDED 31DE	CEMBER 2020
6.	Other income
					2020	2019
					8	6
	Non-government		grants and donations		2,721	1,000
7.	Interest	receivable		and other income
					2020	2019
					6	6
	Dividends	received			764	898
	Bank interest received				40	62
					803	960

				2020	2019
				6	F
Operating	surplus as stated after charging:
Auditor's	remuneration			3,599	3,302
Depreciation				6,800	5,648
9.Auditors'	remuneration
				2020	2019
				F	8
Fees payable for the audit ofthe charity's		financial	statements	3,599	3,302
Fees payable for other services				801	752

Staff co	sts for the year amounted to:
		2020	2019
		f	8
Wages	and salaries	18,739	17,934
Pension	costs	370	321
		19,109	18,255

.Tangible fixed asset	s
	Housing	Housing	Fixtures	Office	Total
	property	properties	and	equipment
	improvements	for letting	fittings
	E	E
Cost or valuation
At 1 January 2020	154,896	548,967	42,273		746,136
Additions	12,259		3,000	650	15,909
At 31 December 2020	167,155	548,967	45,273		762,045
Depreciation
At 1 January 2020			19,422		19,422
Charge for the year			6,773	27	6,800
At 31 December 2020			26,195		26,222
Net book value
At 31 December 2020	167,155	548,967	19,078		735,823
At 31 December 2019	154,896	548,967	22,851		726,714

Investments	FOR THE YEAR ENDED	31DECE	MB	ER 2020
					2020	2019
						6
The market value of	investments as at 31 December	2020 is as	follows:
M&G: Charity Multi Asset Fund —843 income units					706	762
BlackRock: Charities BlackRock: Charities	UK Bond Fund A —309.166accumulation UK Bond Fund A- 720 income units		units		17,001 1,418	15,919 1,372
BlackRock: Charities	UK Equity Fund A- 2,753.536	income units			17,774	19,049
COIF: 571 income units					10,264	9,645
					47,163	46,747
The cost of investments as at 31 December 2020 is		as follows:
M&G: Charity Multi Asset Fund —843 income units					732	732
BlackRock: Charities	UK Bond Fund A —309.166accumulation		units		15,965	15,965
BlackRock: Charities	UK Bond Fund A —720 income	units			1,376	1,376
BlackRock: Charities	UK Equity Fund A —2,753.536	income units			18,105	18,105
COIF: 571 income units					6,659	6,659
					42,837	42,837
All investments held	at 31 December 2020 are UK listed investments			in managed	funds.
Market value at 1 January 2020					46,747	40,976
Additions						36,178
Disposals						(36,178)
Realised surplus						3,383
Unrealised surplus I	(deficit)				416	2,388
Market value at 31 December 2020					47,163	46,747

				2020	2019
				f	f
Arrears ofmaintenance			contributions	2,329	7,742
Prepayments and accrued income				3,195	3,052
				5,524	10,794
15.Creditors: amounts		falling due within one year
				2020	2019
Accruals	and deferred		income	11,738	9,302
Other creditors				388	400
				12,126	9,702
16.Creditors: amounts		falling due after more than one year
				2020	2019
Accruals	and deferred		income	171,630	173,949
17.Deferred	income
				2020	2019
Balance	brought forward			173,949	176,268
Released	in year			(2,319)	(2,319)
Balance	carried forward			171,630	173,949

		Property	The	Tesco
		valuation	Screwfix	Bags of	Total
		reserve	Foundation	Help
		E	E	E
At 1 January 2020 Surplus I (deficit) for the year Transfer between funds		49,850	2,007	599 (599)	50,449 1,408
At 31 December 2020		49,850	2,007		51,857

			Cyclical	Extra-	Total
			maintenance	ordinary
			fund	repair fund
			E	E	E
At 1 January 2020			30,000	173,000	203,000
Deficit for	the year		(7,801)		(7,801)
Transfers	between	funds	23,060		23,060
Transfers	for capital	spend	(15,259)		(15,259)
At 31 December 2020			30,000	173,000	203,000

20.Note to	the statement ofcash flows	the statement ofcash flows
			2020	2019
				5
Cash flow from operating		activities
Surplus	for the year		38,773	38,688
Adjustments for non-cash		items:
Depreciation oftangible fixed assets			6,800	5,648
Increase	in trade and other	debtors	5,270	(1,306)
Increase	in trade and other	creditors	2,424	521
Government grants utilised		in the year	(2,319)	(2,319)
Interest	received		(40)	(62)
			50,908	41,170