## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| ## ## ## ## ##