2021-12-31-accounts

alue for Money Me	tr	i	cs
Metric					RBH	Actual	Target	Global
					metrics	2021	2022	accounts
								median 2020
								Less than 2500
								units
Reinvestment %					Yes	p	0%	5.6%
New supply delivered		%			Yes	P%	p
New social housing supply					Yes	0%	0%	P.7%
New non- social housing			supply		Yes	P%	p	0%
Gearing % - debt as	a	%of			Yes	0%	0%	34 5%
assets
EBITDA MRI Interest	cover %				Yes	0%	0%	199%
Headline social housing			cost		Yes	F5,489	64,188	%4,600
per unit
Operating margin %	- social				Yes	31 5%	398%	23.9%
housing
Operating margin %	- overall				Yes	31.5%	398%	20.3%
Return on capital employed					Yes	3.5%		3%
(ROCE) %
Average WMC increases					No	3.5%	4.5%
compared to other registered
providers nationally
Rent Loss from Voids					No	2.12%
Bad debts for the year						ENil	ENII
Tenant arrears						p 7%	5%
Turnover RSL						698,955	6102,959
EPC Rating C and above			(2014/		No	875%	875%
2021)
Resident participation	in				No	25%	75%
decision making (attendance				at
trustee meetings)

					Results from	Results from	Target level
					surveys
					received
Weekly Maintenance Charges	(WMC) represent			value	88o/o		100'/o
formone com aredtotheo	enmarket
Sufficient Support from Scheme		Manager with			95'/o		100'/o
Housin Benefit and WMC related a erwork
Pro erties well maintained					89o/o		100o/o
Emer enc re airs dealt with	within 24 hours				78'/o		100'/o
Adherence to Health and Safet		rules			87'/o		100'/o
Are trustees working on making the building			and	land	88'/o		100'/o
more environmentall friendl
Recommend livin at Almshouses		to others			100o/o		1QQ/0
Improved quality of life since	moving to the				100'/o		1PPo/o
almshouses
Famil members ha that	ou	live in an almshouse			89o/o		1PPo/o
Beneficial for almshouses to be part ofcommunity					1QQ /0		1 PPo/o
events
Changes you would make to the		almshouses?			One person		N/A
					wanted	ets

		Notes		2021		2020
Turnover				98,955		98,775
Operating expenditure
Management expenses			47,460		39,937
Repairs and maintenance			15,660		18,461
Service costs			4,665		5,129
				(67,785)		(63,527)
				31,170		35,248
Other income						2,721
Operating surplus				31,170		37,969
Interest receivable and	other income	7		948		804
Surplus for the year				32,118		38,773
Revaluation ofinvestments		13		2,727		416
Total comprehensive the year	income for			34,845		39,189

					Revenue	Designated	Restricted	'Total
					Reserves	Reserves	Funds
					8	6	6
Balance		at 1 January		2021	426,719	203,000	51,857	681,576
Surplus / statement		(deficit) from ofcomprehensive			39,855	(5,010)		34,845
income
					466,574	197,990	51,857	716,421
Transfer		between	funds		(3,003)	5,010	(2,007)
Balance		at 31 December 2021			463,571	203,000	49,850	716,421

			Notes		2021		2020
Fixed assets
Tangible fixed assets			12		739,722		735,823
Investments			13		49,890		47,163
					789,612		782,986
Current assets
Trade and other debtors			14	4,402		5,524
Cash and cash equivalents				100,494		76,822
				104,896		82,346
Creditors: amounts within one year	falling	due	15	(8,776)		(12,126)
Net current assets					96,120		70,220
Total assets less current		liabilities			885,732		853,206
Creditors: amounts after more than one	falling year	due	16		(169,311)		(171,630)
Total net assets					716,421		681,576

		A	S AT YEAR ENDED 3	1DECEMBER 2021
			Notes	2021	2020
Reserves
Revenue	reserve			463,571	388,938
Designated		reserves	19	203,000	203,000
Restricted		reserves	18	49,850	50,449
				716,421	642,387

F	OR THE	Y	EAR ENDED 31	DECEMBER 20	21
				Notes	2021	2020
Net cash generated from operating		activities		20	43,700	50,908
Cash flow from investing	activities
Purchase oftangible fixed assets					(20,036)	(15,909)
Interest received					8	40
					23,672	35,039
Cash flow from financing	activities
Interest paid
Repayment of borrowings
Net change in cash and cash equivalents					23,672	35,039
Cash and cash equivalents	at beginning		ofthe year		76,822	41,783
Cash and cash equivalents	at end	of	the year		100,494	76,822

Units in mana	geme	nt
					Units at	Units at
					start	end
Supported housing		and housing		for older people	16
Turnover
					2021	2020
					6
Weekly maintenance		contributions			96,636	96,456
Social housing	grant utilised		in	year	2,319	2,319
					98,955	94,459
Management	expenses
					2021	2020
					F	6
Water rates					82	(52)
Light and heat					2,401	1,824
Insurances					2,365	2,597
Cleaning					1,985	3,024
Telephone					330	380
Administration					24,160	25,364
Loss on disposal of		tangible	fixed assets		46
Depreciation					16,091	6,800
					47,460	39,937
Service costs
					2021	2020
					6
Audit and accountancy					3,280	3,599
Subscriptions					810	729
Professional fees					575	801
					4,665	5,129

				2021	2020
	Non-government grants and donations				2,721
7.	Interest	receivable	and other income
				2021	2020
				F	E
	Dividends	received		940	764
	Bank interest received			8	40
				948	803

			2021	2020
			E	E
Operating	surplus as stated after charging:
Auditor's	remuneration		3,280	3,599
Depreciation			16,091	6,800
9.Auditors'	remuneration
			2021	2020
			E	E
Fees payable for the audit ofthe charity's		financial statements	3,280	3,599
Fees payable for other services			575	801

Staff co	sts for the year amounted to:
		2021	2020
			E
Wages	and salaries	19,692	18,739
Pension	costs	394	370
		20,086	19,109

.Tangible fixed asset	s
	Housing	Housing	Fixtures	Office	Total
	property	properties	and	equipment
	improvements 6	for lettingf	fittings F
Cost or valuation
At 1 January 2021	167,155	548,967	45,273	650	762,045
Additions	16,836		3,200		20,036
Disposals			(3,515)		(3,515)
At 31 December 2021	183,991	548,967	44,958	650	778,566
Depreciation
At 1 January 2021			26,195	27	26,222
Charge for the year	9,523		6,438	130	16,091
Disposals			(3,469)		(3,469)
At 31 December 2021	9,523		29,164	157	38,844
Net book value
At 31 December 2021	174,468	548,967	15,794	493	732,409
At 31 December 2020	167,155	548,967	19,078	623	735,823

Investments
						2021	2020
							8
The market value of	investments as at 31 December	2021 is	as	follows:
M&G: Charity Multi Asset Fund —843 income units						768	706
BlackRock: Charities	UK Bond Fund A —309.166accumulation			units		16,373	17,001
BlackRock: Charities	UK Bond Fund A- 720 income	units				1,323	1,418
BlackRock: Charities	UK Equity Fund A —2,753.536	income	units			19,699	17,774
COIF: 571 income units						11,727	10,264
						49,890	47,163
The cost of investments as at 31 December 2021 is		as follows:
M8,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 2021 are UK listed investments				in managed	funds.
Market value at 1 January 2021						47,163	46,747
Unrealised surplus I	(deficit)					2,727	416
Market value at 31 December 2021						49,890	47,163

				2021	2020
Arrears of maintenance			contributions	764	2,329
Prepayments and accrued income				3,638	3,195
				4,402	5,524
15.Creditors: amounts		falling due within one year
				2021	2020
Accruals	and deferred		income	8,456	11,738
Other creditors				320	388
				8,776	12,126
16.Creditors: amounts		falling due after more than one year
				2021	2020
				6	6
Accruals	and deferred		income	169,311	171,630
17.Deferred	income
				2021	2020
Balance	brought forward			171,630	173,949
Released	in year			(2,319)	(2,319)
Balance	carried forward			169,311	171,630

			Property	The
			valuation	Screwfix	Total
			reserve	Foundation
				8
At 1 January 2021			49,850	2,007	51,857
Surplus	/ (deficit) for the year
Transfer	between	funds		(2,007)	(2,007)
At 31 December 2021			49,850		49,850

			Cyclical	Extra-	Total
			maintenance	ordinary
			fund	repair fund 8	f
At 1 January 2021			30,000	173,000	203,000
Surplus /	(deficit) for the year		(5,010)		(5,010)
Transfers	between	funds	23,040		23,040
Transfers	for capital	spend	(18,030)		(18,030)
At 31 December 2021			30,000	173,000	203,000

20.	Note to the statement ofcash flows	Note to the statement ofcash flows
			2021	2020
			F	6
	Cash flow from operating	activities
	Surplus for the year		32,118	38,773
	Adjustments for non-cash	items:
	Depreciation oftangible fixed assets		16,091	6,800
	Loss on disposal oftangible assets	fixed	46
	Decrease in trade and other	debtors	1,122	5,270
	(Decrease) Iincrease in trade and other creditors		(3,350)	2,424
	Government grants utilised	in the year	(2,319)	(2,319)
	Interest received		(8)	(40)
			43,700	50,908