2021-12-31-accounts

Metric 1-Reinvestment	%
		2021	2020	2020/21
		Charity	Charity	Sector
A - Completed properties 8-Completed properties	additions dosing net book value	fnil f7,739,139	fnil f7,929,006
Result (Adivided by 8)		nil	nil	2.2%

Metfic2- New supply	delivered	delivered
						2021		2020	2020/21
						Charity	Charity		Sector
A- New social housing	units acquired					nil		nil
8 - New nan-social housing units			acquired			nil		nil
C —Units ofsocial 'housing		owned	at end afyear			98		98
D - Units of non-social	housing owned			at end	ofyear	2		2
Result- Social housing	(A divided		by C)			nil		nil	nil
Result - Non-social housing (8divided				by D)		nil		nil	nil
ommentary he number of units operated by the charity					has not changed during			2020 ar	2021. As	patt of
efurbishment of Thorner's		Court	the	number	of social housing units		operated		will be increased		b
ew units.
Metric3- Gearing%
						2021		2020	2020/21
						Charity		Charity	Sector
Laans						fnil			fnil
Less - Cash at bank and	in	hand			5~4555 042			«~4475 775
A- Total					f	4565 042		E 4473 775
8 - Completed properties		closing	net	book value		f7,739,139		f7,929,006
Result (A divided by 8)						(59.0)%		(53.7)%		11,8%0

		2021	2020	2020/21
Operating Deficit Plus - Depreciation A —Total	charge	Charity f(66,182) f201,610 f.135,428	Charity f(84,013) f237,203 f153,190	Sector
8 - Interest payable		fnil	fnil
Result (A divided	by B)	Not applicable	Not appliCable	356S6

Metric5- Headline	social housing cost per u	nit
		2021	2020	2019/20
		Charity	Charity	Sector
Charitable activities Less - Depreciation Less- Bad debts A - Total	expenditure charge	f757,491 f(201,610) f(1,248} f554,633	f779,986 f(237,203) f398 f543,181
8 -Tot'al social housing units owned		98
Result (A divided by	8)	f5,660	f5,543	f4,847

Metric 6- Operating	margin%
			2021	2020	2020/21
			Charity	Charity	Sector
Operating Deficit			E(66,182)	E (84,012)
Plus —Loss on disposal	of housing properties		Enil	E nil
A - Operating deficit from social		housing	6(66,182)	E(84,012)
8 - Social housing turnover			E645,057	6622,903
C —Total turnover			E694,261	6696,992
Social housing result	(A divided	by 8)	(10.3)%	(13.5)%	20.6%
Total result (A divided	by C)		(9.5)Ss	(12.1)%	20,0%

Metric 7- Return on capital	employed
		2021	2020	2020/21
		Charity	Charity	Sector
A-Operating Deficit		E(66,182)	E(84,012)
8 —Total assets less current	liabilities	E13,350,266	E13,384,920
Result (A divided by 8)		(0.5)%	(0.1) 'Xi	2.7Ya

		2021 f	2020
Reserves tied up in buildings		8,217,246	8,277,266
Reserves restricted to donor nominated	purposes	171,619	168,351
Reserves required to meet ongoing commitments		4,921,183	4,899,085
Revaluation reserves		40,218	40,218
		13,350,266	13,384,290

reserves for future repairs and at	31Dece	mber 2021the	se were as follo	ws:
		2021	2021	2020	2020
		E	E		E
Other reserves as stated above			4,921,183		4.899,085
Cyclical repairs and maintenance Extraordinary repairs fund	fund	615,673 709,931		615,673 709,931
			(1,325,604)		(1,325,604)
The Trustees also consider it prudent
that unrestricted reserves should	cover
one year's operating costs (excluding
exceptional repairs) which are estimated
at
			(500,000)		(500,000)
Free reserves			3,095,579		3,073,481

			Note	Unrestricted	Endowment	Total	Total
				funds	funds	2021	2020
				f	f	f	f
Income from:
Donations and Legacfes				22,300		22,300	33,000
Charitable activities:
-Income from social housing		lettlngs	2	645,057		645f057	622,903
Investments			3	26,904		26,904	33,206
Sundry Income							7,883
Total income				694,261		694,261	696,992
Expenditure
Charitable activities			4	?57,491		757,491	779,986
Investments				2,952		2,952	1,018
Total expenditure				760,443		760,443	781,004
Net expenditure before investment
gains / (losses)				(66,182)		(66,182)	(84,012)
Gains / (Losses) on investment		assets	8	28,260	3,268	31,528	(5,853)
Net (expenditure)/income	for the year			(37,922)	3,268	(34,654)	(89,865}
Net movement in funds				(37,922)	3,268	(34,654)	(89,865)
Reconciliation offunds:
Total funds brought forward				13,216,569	168,351	13,384,920	13,474,785
Total funds carried forward				13,178,647	171,619	13,350,266	13,384,920
The notes on pages 28to 41form part ofthese				financial statements.

		Note	2021	2020
Fixed assets
Tangible assets		7	8,302,098	8&364,702
Investments		8	509,028	477,500
Total fixed assets			8,811,126	8,842,202
Current assets
Debtors		9	57&417	146,410
Cash at bank and in	hand		4,565,042	4,473,775
Total current assets			4,622,459	4620,185
Creditors: amounts	falling due withiin one year	10	(83,319)	(77,467)
Net current assets			4,539,140	4,542,718
Total assets less current liabilities			13,350,266	13,384,920
The funds ofthe Charity: Endowment funds		12	1.71,619	168,351
Accumulated profit Revaluation reserve			3,595,579 40,218	3,573,481 40&218
General funds		13	3&635,797	3,613,699
Designated funds		13	9,542,850	9,602,870
Total unrestricted	fun ds		13,178,647	13,216,569
Total Charity funds			13,350,266	13,384,920

		Note	2021	2021	2020	2020
			g	6
Net cash inflow from
operations				90,429		69,565
Cash inflows from
investing activities
investment income			26,904		33,206
Payment for fixed assets			(26,066)		(4„273)
Net cash generated	by
investing activities						28,933
Change in cash and cash
equivalents in the
reporting period				91,267		98,498
Cash and equivalents	at
the beginning ofthe
reporting period				4,473,775		4,375)277
Cash and cash
equivalents at the end
ofthe reporting period				4,565,042		4,473,775

Main fabric		100years
Roof (Conventional)		50years
Roof (Flat)		20years
Mechanical	gf electrical	20years
Bathrooms		20years
Kitchens		20years
Windows and external doors		ZO years

2	Charitable acthrities income
				2021	2020
	Income from social housing	lettings			6
	Management charges receivable			427,128	423,526
	Service charge income			217,929	199,377
				645&057	622,903
	Expenditure on social housing		activity	757,491	779,986
	Operating deficit from social	housing activities		(112,434I	(157,083)
	Void losses			217,962	201,087
	Accommodation in management Housing for older people at social rent level.			98	98
	Scheme Manager accommodation			2	2
	Total owned			100	100
3	investment income
				2021	2020
					f
	Rental income from investment		properties	22,428	21,365
	income from listed investments			2,861	3,035
	Bank interest receivable			1&els	a)aoe
				26,904	33,206
4	Charitable activities expenditure			2021	2020
					6
	Housing expenditure Staffcosts			91,524	107,153
	Activities undertaken directly Support costs			487,656 178,311	495,896 176,937
				757,491	779,986

9	Analysis ofsupport costa
		2021	2020
			f
	Staff Costs	121,945	118,390
	Audit	13,890	13,065
	Other	42,476	45,482
		178,311	176,937
6	Staff costs
		2021f	2020f
	Wages and salaries Social security costs	190,525 15,S88	201,250 16,131
	Pension	7,356	8,162
		2%3f469	225,543

2021	2020
Number	Number

Fixed assets
		Assets in		Scheme
	Completed	course of		manager	Plant and
	properties f	development	f	pfope fUssf	Kquipment f	Total
Cost
At 1January 2021 Additions	9,655,643	138,065		446,738	32,480 '941	gl, 134,861 ' 139,006
Disposals	(5,694}					(5,694)
At 31December 2021	9,649,949	138,065		446,738	33,421	10,268,173
Depreciation
At1January 2021	1,726,637			33,013	10,509	1,770,159
Charge forthe year	189,867			8,218	3,525	201,610
On disposals	(5,694)					(5,694)
At 31December 2021	1fl10,810			41~1	14,D34	1,966,075
Net book value
At 31De«ember 2021	7,739,139	138,065		405,507	19,387	8,302,098
At 31December 2020	7,929,006			413I725	21,971	8,364,702

Investments
		Usted	Investment
		investments	properties	Total
		E	E	E
Market value	at 1January 2021	72,500	405,000	477,500
Revaluation	gain	6,528	25„000	31,528
Market value	at 31December 2021	79,028	430,000	509,028

				Cost		Market Value
				2021	2020	2021	2020
					E	E	E
General	Fund
43,293 NAACIF Income			shares	17,860	11,860	39,461	36,201
Dunsford		Legacy Fund
6,249 NAACIF Income			shares	1,79$	1,198	5,860	5,376
Reardon		Samaritan Fund
36,980 NAACIF Income			shares	9,939	9,939	33,707	30)923
Total Investments				29,597	29,597	79,028	72,500
Debtors
						2021	2020
						6
Rent and		service charge				3,230	3,814
Provision		for doubtful	debts			(1,530)	(282)
Prepayments and accrued income						33,717	142,878
Donations		receivable				22,000
						57,417	146,410

10	Creditors: amounts falling	Creditors: amounts falling	due within one year	due within one year
					2021	2020
	Trade creditors				27,092	17,821
	Rent and service charges received			in advance	17,339	14,756
	Other creditors				2,386	2,438
	Tax and social security				6,463	6,363
	Accruals and deferred	income			30,039	36,089
					83,319	77,467
II	Financial Instruments
	The Charity's financial	instruments		may be analysed asfollows:
					2021	2020
					f	6
	Financial assets
	Financial assets measured		at fair	value through the
	statement offinancial	activity			79,028	72,300

Permanent e	ndo	wment
				Dunsfard	Reardon	permanent
				Legacy	Samaritan	Endowment
				Fund	Fund	Fund	Total
					6	E	6
At 1January 2021				5,376	30,923	132,052	168,351
Gain forthe year				484	2,784		3,268
At 31December		2021		5,860	33,707	132,052	171,619
Represented	by:
Freehold land						65,465	65,465
Cash at bank	and in hand					66,587	66,587
Investments				5,860	33,707		39,567
				5,860	33,707	132,052	171,619
Prior Year
At 1January2020				5,810	33,419	132,052	171,281
Loss far theyear				(434)	(2,496)	-	(2I930)
At31December		2020		S,376	30,923	13Z,OSZ	168,351
Represented	by:
Freehold land						65,465	65,465
Cash at bank	and in hand					66,587	66,58!
Investments				5,376	30,923		36,299
				5,376	30,923	132,052	168,351
The Permanent		Endowment	Fund represent	freehold)and
plus monies are		from the sale af:
-10Lawnside	Road						42,255
—Land adjoining		9Henstead	Road				2,750
- Capital gains	on realised investments						21,582
							66,587

			General		Designated	funds		Total
			funds	Social housing	Cyclical		Extraordinary
				assets	maintenance		repairs
				6		6	6
At1January Net loss		2021	3,613,699 (37,922)	8,277,266	615,673		709,931	13,216,569 (37,922)
Transfers			60,020	(60,020)
At31December
2021			3,635,797	8917,246	615,673		709,931	13,178,647
Represented
bY:
Tangible	assets		19,387	8,217,246				8,236,633
Investments			469,461					469,461
Debtors			57,417					57,417
Cash at bank
and in hand			3,172,851		615,673		709,931	4,498,455
Creditors:
amounts	falling
due within one
year			(83r319)					(83,319)
			3,635,797	8,217,246	625,673		709,931	13,178,647

Unrestricted funds
(Prior year)	General		Designated	funds		Total
	funds	Social housing	Cyclical		Extraordinary
		assets	maintenance		repairs
		E
At 1January 2020 Net loss	3,466,897 (86,935)	8,511,003	615,673		709,931	13,303,504 (86,935)
Transfers	233,737	(233,737)
At 31December
2020	3,613,699	8,277,266	615,673		709,931	13,216,569
Represented
bY:
Tangible assets	21,971	8,277,266				8,299,237
Investments	441,201					441,201
Debtors	146,410					146,410
Cash at bank
and in hand	3,081,584		615,673		709,931.	4,407,188
Creditors:
amounts falling
due within one
year	(77,467)					(77,467)
	3,613,699	8,277,266	615,673		709,931	13,216,569

						2021	2020
							E
	Net rnovernent in funds					(34,654)	(89,865}
	Depreciation	charges		and loss an	disposal	201,610	237,203
	(Gains) / Losses on		investments			(31,528)	5,853
	InveStment	inCOme				(26,904)	(33,206}
	Decrease /(Increase)			in debtors		(23,947)	(34,233)
	Increase /(Decrease)			in creditors		5,852	(16,187)
	Net cash provided		by	operations		90,429	69,565
17	Analysis of	changes		in net debt
					At1January 2021	Cash Flows	At 31
							December
							2021
				Cash	4,473,775	91,627	4r565r042