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|Contents|||||
|---|---|---|---|---|
|||||Page|
|Registered|Provider
Information||||
|Trustees'|Report||||
|Independent
Auditor's||Report||10|
|Statement|ofComprehensive||Income||
|Balance Sheet|||||
|Statement|ofChanges|in Reserves||15|
|Statement|ofCash Flows||||
|Notes to the Financial||Statements||17-25|
##
|Charity Commission
registration
number|Charity Commission
registration
number||1183388|
|---|---|---|---|
|Regulator of Social Housing|registration|number|5086|
|Trustees ofthe board as at|31/03/22:||Mr A P D
|
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||||||2022||
|---|---|---|---|---|---|---|
|||||Note|||
|Fixed assets|||||||
|Tangible fixed assets||||9,10|3,753,611|3,647,250|
|Current assets|||||||
|Debtors|||||16,997|13,463|
|Investments|||||155,751|142,273|
|Cash at bank and in hand|||||445,669|344,602|
||||||618,417|500,338|
|Creditors:|amounts|falling due within one year|||||
|Net current|assets||||523,441||
|Total assets less current liabilities|||||4,277,052|4,056,071|
|Creditors:|amounts|falling due after more than one year||14|(1,985,067j|(1.907,522)|
|Total net assets|||||2,291,995|2,148,649|
|Reserves|||||||
|Income and|expenditure||reserve|15|277,844|112,754|
|investment|revaluation||reserve|15|36,752|22,274|
|Designated|reserves|||15|1,896,785|1,931,907|
|Permanent|endowment||reserve|'l5|81,614|81,614|
|Total Reserves|||||2,291,995|2,'I48,649|
##
##
|Year Ended|31 Ilarch 20|22|||||
|---|---|---|---|---|---|---|
|||income and|Investment||||
|||expenditure|revaluation|Designated|Endowment||
|||reserve|reserve|reserves|reserve|Total|
|At 1 April 2020||132,463|(3,443)|1,784,353|81,614|1,994,987|
|Surplus for the year||127,845||||12?,845|
|Revaluation|of investments||25,717|||25,717|
|Total comprehensive|||||||
|income||127,845|25,717|||153,562|
|Transfers||(147,554)||147,554|||
|At 31 INarch|2021 and|112,754|22,274|1,931,907|81,614|2,148,549|
|1 April 2022|||||||
|Surplus for the year||129,968||||129,968|
|Revaluation|of investments||13,478|||13,478|
|Total comprehensive|||||||
|income||129,968|13,478|||143,446|
|Transfers||35,122||(35,122)|||
|At 31 INarch|2022|2?7,844|35,752|1,896,785|81,614|2,291,995|
##
##
|Year Ended 31 March 202|2||||
|---|---|---|---|---|
||||2022|2021|
|||Note|||
|Cash flow from operating
activities|||166,276|158,341|
|Net cash flow from operating
activities|||166,276|158,341|
|Cash flow from investing
activities|||||
|Payments
to acquire tangible|fixed assets||(180,247)|(1,239,507)|
|Grants received|||150,000|450,000|
|interest received|||354|482|
|Dividends
received|||7,229|6,139|
|Net cash flow from investing|activities||(22.664)|(782,886)|
|Cash flow from financing
activities|||||
|Receipt ofnew long-term
loans||||525,000|
|Repayment
ofiong term loans|||(56,141)|(36,578)|
|Interest paid|||13,596|9,576|
|Net cash flow from financing|activities||(42,545)|497,998|
|Net increase in cash and cash equivalents|||101,067|(126,547)|
|Cash and cash equivalents|at 1April 2021||344,602|471,149|
|Cash and cash equivalents|at 31 INarch 2022||445,669|344,602|
|Cash and cash equivalents|consists of:||||
|Cash at bank and in hand|||445,669|344,602|
|Cash and cash equivalents|at 31 INarch 2022||445,669|344,602|
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||||Administrative|Operating|Operating|
||||Turnover|Expenditure|Surplus|Surplus|
||||F||||
|Social|housing|lettings|361,655|(250,239)|111,416|100,709|
|Other|operating|income|10,969||'I0,969|21,515|
|Total|||372.264|250,239|122,385|121,224|
##
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|Accommoda|tion
owned and in management|||
|---|---|---|---|
|||Number of|Number of|
|||units at|units at|
|||31 March|31 March|
|||2022|2021|
|Completed
General|units:
needs housing
let at social rent|95|83|
|Units under
General|development
needs housing
let at social rent||12|
||||95|
|interest and other finance income and charges||||
|a) Interest|receivable and similar income|2022|2021|
||||F|
|Bank interest receivable||354|482|
|b) Interest payable
and similar charges
Bank loan interest||14,096|10,076|
|Surplus on|ordinary activities|||
|Surplus on|ordinary
activities is stated after charging I (crediting):|||
|||2022
F|2021f|
|Depreciation|oftangible fixed assets|73,886|59,276|
|Amortisation|ofSocial Housing
Grant|(26,678)|(20,081)|
|Profit I(loss) on fair value movement
ofinvestments
Auditors
remuneration||13,478
3,600|(25,717)
4,440|
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|angible fixed a|ssets —housing
propertie|s|||
|---|---|---|---|---|
|||Freehold|Housing||
|||Housing|Properties||
|||Properties|Under||
|||For letting|Construction|Total|
|Cost:|||||
|At 1 April 2021||2,871,406|1,280,733|4,152,139|
|Additions|||180,247|180,247|
|Reclassification|ofassets|1.460,980|1,460,980||
|At 31 March 2022||4,332,386||4.332,386|
|Depreciation:|||||
|At 1 April 2021||582,237||582,237|
|Charge for year||72,039||72,039|
|Impairment|||||
|Eliminated
on disposals|||||
|At 31 March 2022||654,276||654,276|
|Net book value:|||||
|At 31 March 2022||3,6?8,110||3,678,110|
|At 31 March 2021||2,289,169|1,280,733|3,569,902|
##
|Tangible fixed ass|ets —other|||||
|---|---|---|---|---|---|
||||||Freehold|
||||||land and|
||||||buildings|
|Cost orvaluation:||||||
|At 1 April 2021 and 31 March||2022|||92,350|
|Depreciation;
At 1 April 2021
Charge for the year
At 31 March 2022|||||15,002
1,847
16,849|
|Net book value:||||||
|At 31 March 2022|||||75,501|
|At 31 March 2021|||||77,348|
|Total accumulated|impairments|ofFNil are recognised|in the opening|position.||
##
|ixed asset investments|||
|---|---|---|
||Listed and||
||unlisted||
||investments|Total|
|At valuation|||
|At 1 April 2021|142,273|142,273|
|Additions|||
|Disposals
Revaluation|13,478|13,4?8|
|At 31 March 2022|155,75'1|155,751|
|Net book value|||
|At 31 March 2022|155,751|155,751|
|At 31 March 2021|142,273|142,273|
##
|ebtors||||
|---|---|---|---|
|||2022f|2021|
|Rent arrears||12,037|10,483|
|Social Housing
Prepayments|Grants receivable
and accrued income|4,960|2,980|
|||16,997||
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|||||2022||
|---|---|---|---|---|---|
|||||P||
|Trade creditors||||||
|Rents paid in advance||||408|410|
|Other taxes and|social security|||||
|Social Housing|Grant not|spent||||
|Almshouses
Association||loan||10,000|10,000|
|Triodos Bank loan||||6,535|6,295|
|Pendle Borough
Other creditors|Council|loan||26,250
14,907|26,250
14,686|
|Accruals and deferred
income||||3,600|3,600|
|Deferred income|—Social|Housing|Grants|33,276|30,276|
|||||94,976||
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||||2022|2021|
|---|---|---|---|---|
|||||R|
|Almshouses
Association|loan||40,000|50,000|
|Triodos Bank loan|||158,252|164,788|
|Pendle Borough Council
Deferred income: Social|loan
Housing|Grants (original developments)|461,563
372,097|487,813
385,219|
|Deferred income: Social|Housing|Grants (2018i19developments)|313,200|320,160|
|Deferred income: Social|Housing|Grants (Market Street)|639,945|499,542|
||||1,S85,057|1,907,522|
##
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||||2022|2021|
|---|---|---|---|---|
|Balance brought forward|||81,614|81,614|
|Movement|in the year||||
|Balance at|31 March 2022||81,614|81,614|
|b) Investment
revaluation||reserve|||
||||2022|2021f|
|Balance brought
forward|||22,274|(3,443)|
|Revaluation|of investments||13,478|26,717|
|Balance at|31 March 2022||35,752|22,274|
##
|c)Designated
reserves|c)Designated
reserves||||2022|2021|
|---|---|---|---|---|---|---|
|Housing
Balance|development
reserve:
brought forward||||225,000|321,249|
|Transfer|from / {to)the income and Expenditure|||Account|{204,33?)|{96,249)|
|Balance|at 31 March 2022||||20,663|225,000|
||||||2022|2021|
||||||F||
|Fixed assets reserve:|||||||
|Balance|brought
forward||||1,666,907|1,433,104|
|Transfer|from the income and Expenditure||Account||25,586|233,803|
|Transfer|to the Income and Expenditure|Account|||||
|Balance|at 31 March 2022||||1,692,493|1,433,104|
||||||2022|2021|
|INajor repair reserve".|||||||
|Balance|brought forward||||40,000|30,000|
|Transfer|(to) / from the Income and Expenditure|||Account|110,000|10,000|
|Balance|at 31 March 2022||||150,000|40,000|
|||||||2021|
|Site enhancement
reserve".|||||||
|Balance|brought forward||||||
|Transfer|(to) / from the Income and Expenditure|||Account|30,000||
|Balance|at 31 March 2022||||30,000||
||||||2022||
|Service|charge reserve:||||||
|Balance|brought
forward||||||
|Transfer|(to) / from the Income and Expenditure|||Account|3,629||
|Balance|at 31 March 2022||||3,629||
||||||2022|2021|
|Total designated
reserves|||||1,896,785|1,931,907|
##
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||d) Income and Expenditure|r|es|erv|e||||
|---|---|---|---|---|---|---|---|---|
|||||||||2021|
|||||||||E|
||Balance brought
forward||||||112,754|132,463|
||Surplus for the year||||||'l29,968|127,845|
||Net transfer
{to)/from:||||||||
||Housing
development
reserve||||||204,337|96.249|
||Fixed assets reserve||||||(25,586)|(233,803)|
||Major repairs reserve||||||(110,000)|{10,000)|
||Site enhancement
reserve||||||(30,000)||
||Service charge reserve||||||(3,629)||
||Balance at31 March 2022||||||277,844|112,754|
|16|Reconciliation ofoperating
surplus)||||to cash flow from operating||activities||
||||||||2022|2021|
|||||||||F|
||Surplus for the year||||||129,968|127,846|
||Interest received and investment|||income|||(7,583)|(6,621)|
||Depreciation
and impairment||of|tangible||fixed assets|73,886|59,276|
||Amortisation
ofgrants||||||(26,678)|(20,081)|
||Proceeds ofsale oftangible|fixed assets|||||||
||Proceeds ofsaic ofinvestments||||||||
||Decrease / (Increase) in trade||and||other|debtors|(3,534)|1,800|
||(Decrease) / Increase
in trade||and||other|creditors|217|(3,886)|
||Net cash flow from operating|||activities|||166,276|128,341|
|17|Pensions and other post-retirement||||benefits||||
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|Capital|expenditure|that has been contracted|for but has not been|||
|---|---|---|---|---|---|
|provided|for in the|financial statements||20,663|168,000|
|Capital|expenditure|that has been authorised|by the Board but|||
|has not|yet been contracted for|||||
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