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|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)|||||||||
##
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||||||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||
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|||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|
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|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|
##
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##
##
##
|||||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|
##
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##
|.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|