2021-03-31-accounts - Care Housing Association

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Company	Inioimation
Strategic	Report			2to 6
Directors'	Report			7 to B
Statement	of Directors' Responsibilities
Independent Auditor's		Report		10to 14
Staicment	ofIncome aud Retained		Earnings
Balance Sheet				16
Statement	ofChanges	in Equity		17
Statement	ofCash Flows
Notes to	the Financial	Statomenm		19in 29

	Performance Indicator		Actual	Target
Emergency Repairs	completed tvithin timescales (4hours)		100%	100%
Urgem Repairs completed within timescales		(4 days)	99.8tt%	100%v
Average time taken	to complete urgeut repair		1.76 days	4days
Rouune Repairs compleied wit)un iimescales		(21 davs)	97.66%	100%
Average tune taken	to complete routine repair		11.95 days	21 days
Overall satisfacnon	with the repairs service (good or beuer)		100%	95%v
Quarterly visits completed withm timescales			9766%	100%
('omplaints

Statemen	t	ofin	c	ome and Retained Liar	nings for the Ye	ar Ended 31h'	farch 2021
Turnover						2021	2020
					Note
						4,799,278	3,945,142
Cost ofsales						(3,079,144)	(2,440,901)
Gross profit						1.720,134	1,504,241
Admmtstradve	expenses					(996,827)	(898,116)
Other operating	income					14.620	4.900
Opmatina profit						737,927	6113)2$
Other imerest receivable and similar income interest payable and sunilar charges						132 i .'*.8 -1	473 ~t6,8&v
						(53,763)	166.391)
Profit bctorc rax						684,164	5441&4
Profit foi the fiimncial year						684,164
Retained camings		biought		Forward		2,110,978	1,56c.)44
Retained camin		s carried	forward			2,795,142	2.110,978

		Bal	ance siieet as ai 31	i«larch 202	1
					2021	2020
				Note
Fixed assets
Tangible assets				10	5.171,614	4.653.338
Current assets
Debtors Cash at btudt and in hand					252.154 1,990,708	184,775 ~22,0ft3
					",242,862	1,406,838
Creditors Amounts	falling due ivithin		onc year	13
Net current assets					1.735,481	1 061
Totol assets less current		liabilities			6,907.095	5.715.192
Creditors: Amounts	falling due aber more than one year			13	14,111,9511	~3srolsu
Net assets					, 4	2Jlsot
Capital and reserves
Called up slmrc capital				15		2
Profit and loss accoum					2,795.142	WIIQIBI
Total equity					2. r. 4	sllopo

	Stateu	tent ofChanges in	Equity for the Year Ende	d 31March 20	21
				Protit and loss
			Share capital	account	Total
			8	t
At	1 Apnl 2020			,»99 I	~IIDOIID
Profit for the year				684,164	684.164
Total comprchcnsive		income		684,164	dfvt, 16t
At	31 iviaich 2021			, 95.14	~795149
				Protit and loss
			Share capital	acconnt	Total
At	1 April 2019			1,566,344
Profit for the year				544,634	$441,&l
Total comprehensive		income		544,&9394	54st,636
Ai	31 March 2020			9,911	9„119999

				2021	2020
			Note
Cash tloivs from operating	activities
Profit for tlie year				684,164	544.634
Adjustments to cash flows from non-cash		items
Depreciation and amortization				104,251	93.307
Fniance mcome				(132)	(473)
Finance costs				53,895	66.864
				842,178	'lfltk332
Working capual ad)ustments
tttncrnaseV4aeasaae m irade debtors Increase in trade creditors			lf 13	(67,3791 3»	331.819 eiN7
Net cash flow from operating	activities			1,599,634	1,272,548
Cash flovvs from investing activities
hiterest received				132	473
Acquisitiom oftangible assets				(622,528)	(467,977)
Net rash flows I'roin investui	activiuos			(62'2,396)	(467,504)
Cash floivs from finaucing activities
interest paid				(53,895)	1'66,864)
Repayment ofbank boirowiug				(154,698)	(71.789)
Net casli flows from tinancing	activities			i ort . )	~13IIJi-3i
Net increase m cssb and cash	equivalents			768,645	666391
Cash and cash equivalents at Cash and cash cquwalents at	1 April 31 March			1,222,063 1,990,708	555 72 1~3

3 ltevenue	3 ltevenue
Tbe analysis nf the company's		ieveiuie for the year from continuiug	operations	is as fogows.
				2021	2020
kental income				4,799,278	3,945.142
All rev nue is generated	from	social housing

The analysis ofthe com	pany's other operating incom	e for t	he year is as foll	ows
				2021	2020
Govemnent grants				0	irai
5 Operaiing protit
An ived at after~cterthltnd
				2021	2020
					8
Depreciation expense				104251	93,307
Operating lease eipense Auditor's remuneration	-Th» audit ofibe company's	annual	accounts	7,048 .',010	6,858

2021		2020
ino.		IVo.
	6		5

Operating The ioial	leaves offuture mimunim lease payments is as fuff«w s.
		2021	2020
Not later	than one year		4,256
Later than Later than	one year snd not latei than tive years five years	288.145 5249-.104	333,117 ~«435 9
		52,780,251	3?.?73~

						2021		2020
Tnrnover (analyscd bolo.v)						4,799,278		3,945,142
Cost ofsales {analysed beloiv)						13,079,144)		(2,440,901)
Gross profit						1,720,134		1,504,241
Gross piotit (%)						35.84"	'	38 13/il
Administrative espenses
Employment costs (analyse J	below)					255,256		19o.806
Establishment costs lanalysed	beloiv)					506,128		510335
(renei at aJministrativc evpenses		(analysed	beloiv)			129,646		96,43
Finance charges (analysed beloiv)						1,546		1„231
Depreciation costi (analysed	below)					104,251		93.307
						996,827		898.116
Other operating income (analysed		beloiv)				14,620		4,900
Operating profit						737,927		611.025
Other interest recmi able and	similar mconie			(analysed	beloiv)	(132)		(4731
Interest payablc and similar charges tanalysed				below)		53,895		66,864
						53.763		66.391
Profit fietofe tdr						Ci84,164

D	eta	i	le	d Pr	otlt an	d Lo	ss Account for the	Year Ended 31!Ifarcit	2021
								2021	2020
Turnover
Core Rent								4,183.297	3.515.539
Voids income	invoiced							404.314	244,395t
Ma)or Repairs	Income							175,r67	153.204
Funliturc Cover Alloivancc								36,000	32.000
								4.799.278	3,945.142
Cost ofsales
Lease Pay!nants								2,856.430	2,223.569
Major repairs								175,666	153,204
Void provision								47.048	64,L28
									2,0lccll
Empluymenr	costs
Wages and salanes Staff NIC (Employers) Staffpensions (Defined contiibunon)								220,882 18,964 14.658	169,826 14,670 8,528
Staff uaining								752	3,782
								2 .-.'.II	~ur
Establishment	costs
Light, heat and	poiver							37,599	31,423
Premises expenses								11,3 l5	10,994
Rates								57,619	4-1,421
hliul ance								57.715	46.980
Gardening								28406	113!52
Repairs, mamtenilnce				and white goods				-"46.967	273,089
Furnishings								13 0146i	22.127
Water trealmem	and		tesung					32391	31,250
Fnc rick assessment								20.110	lR,6020
								506,128	$ltk335
General administrative				expenses
Punting, posmgc, stationen					and telephone		expeirscc	5 447	5.765
Computer software		and m,iintcnancc				costs		18,193	13,143
Board mc iing	expenses							706	1,490
Care foundation								5.286	900
Donations								!320
Sundiy exp nses								to,379	5.902
Car hire IOperaimg			leases)					7,048	6,558
I lotor expenses								5,905	9,670
Markeuna									600

Detailed	Pr	ofi	t and Loss Accou	nt for	the Year End	ed 31Match 202	1
Service charges						47'?	8,166
Accuniiiancy fees						14,755	14,322
Auditor's remuneration	-Thc audit ofthe company's			annual	accounts	5,010	4,200
Legal and prot'essional	fees					26,860	17.646
Consultancy						27.060	8,070
						129.646i	96,437
Finance charges
Bank charges						1,546	1,231
1)epreciation costs
Depreciation oforher tangible			toivnedi			104,251	&13 307
Other operating income
Government grants receivable						14,6?0
Other interest receivable		and simibsr income
Bank interest receivable						132	473
interest payabie and siniilnr			espenses
Loan inteiest						53,895	tktsgba