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|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|||||||||||
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|||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|
##
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||||||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|
##
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|||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|
##
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|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|
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|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|
##
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##
|||||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|
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|.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|
##
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##
|||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|
##
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||||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|