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|---|---|---|
|Registered Social Housing Provider Information|||
|Trustees Report|||
|Report ofthe Independent|Auditors||
|Statement ofComprehensive|Income||
|Balance Sheet|||
|Statement ofChanges
in Reserves||10|
|Statement ofCash Flows|||
|Notes to the Financial Statements||12|
|AYLOTT JANES A|AYLOTT JANES A|LMSHOUSES|LMSHOUSES|LMSHOUSES|
|---|---|---|---|---|
|REGISTERED SOCIAL HOUSING||PROVIDER INFORMATION|||
||for the Year Ended 31December||2021||
|STATUS:|Unincorporated|charity registered||15January 1963|
||Charity Registered Number||200230||
||Regulator ofSocial Housing||Number A0211||
|TRUSTEES|||||
|CHAIRMAN:|Councillor D Agbley||||
|OTHER TRUSTEES:|C Tollervey||||
||P Banks-Smith||||
||KA Cowan||||
||Father RBrown||||
||Councillor JYoung||||
||Councillor JHussain||||
||Councillor D Franks||||
||Councillor FBegum||||
|CLERK TO THE TRUSTEES:|Duncan Welch &Co||||
|REGISTERED OFFICE:|Peterson House||||
||2a Tennyson
Road||||
||Luton||||
||8edfordshire||||
||LU1 3RT||||
|AUDITORS:|Miller &Co||||
||5 Imperial Court||||
||Laporte Way||||
||Luton||||
||Bedfordshire||||
||LU4 8FE||||
|BANKERS:|Metro Bank||||
||10 - 20 Castle Street||||
||Luton||||
||Bedfordshire||||
||LU1 3AJ||||
||NatWest Bank Plc||||
||31 George Street||||
||Luton||||
||Bedfordshire||||
||LU1 2YN||||
|INVESTMENT MANAGERS:|JM Finn &Co||||
||4 Coleman Street||||
||London||||
||EC2R 5TA||||
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||||2021|2020|
|---|---|---|---|---|
|||Note|||
|Turnover|||139,943|143,541|
|Operating|expenditure||(137,423)|(7~57,246|
|Operating|(deficit)/surplus||2,520|(13,705)|
|Income from fixed asset investments|||20,678|22,573|
|Movements|in fair value of||||
|financial
instruments|||78,714|(22,693)|
|Total comprehensive
income for the year|||101,912|~73,825|
##
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|FIXEDASSETS:||||||||
|Freehold Housing
Properties|||||763,310||774,285|
|Investments|||||808,542||695,661|
||||||1,571,852||1,469,946|
|CURRENT ASSETS:||||||||
|Debtors||||8,549||10,717||
|Cash at bank and in hand||||85,407||84,943||
|||||93,956||95,660||
|CREDITORS: Amounts||falling||||||
|due within one year||||12,135||11,247||
|NET CURRENT ASSETS|||||81,821||84,413|
|CREDITORS:
Amounts||falling||||||
|due after more than one year|||||165,027||167,625|
|TOTAL NET ASSETS|||||61,488,646||f.1,386,734|
|RESERVES:||||||||
|Restricted
funds:||||||||
|Endowment
reserve|||12||646,331||573,377|
|Restricted reserve|||12||169098||129,171|
||||||815,429||702,548|
|Unrestricted
funds:||||||||
|Income and expenditure|reserve||||673,217||684,186|
||||||f1,488,646||61,386,734|
##
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||||Income and||||
|---|---|---|---|---|---|---|
||||expenditure|Restricted|Endowment||
||||reserve|reserve|reserve|Total|
|At 1 January 2020|||705,285|122,511|572,763|1,400,559|
|Surplus
/ (deficit) for|the year||8,868|(13,665)|(9,028)|(13,825)|
|Total comprehensive|income||714,153|108,846|563,735|1,386,734|
|Transfers between
funds|||(29,967)|20,325|9,642||
|At 31December 2020 and||1 January 2021|684,186|129,171|573,377|1,386,734|
|Surplus
/ deficit) for|the year||23,198|13,680|65,034|101,912|
|Total comprehensive|income||707,384|142,851|638,411|1,488,646|
|Transfers between
funds|||(34,167)|26,247|7,920||
|At 31December 2021|||673,217|169,098|646,331|1,488,646|
##
|||||||Note|2021|2020|
|---|---|---|---|---|---|---|---|---|
|Net cash|flow|from operating||activities||15|13,953|~3,551)|
|Net cash|flow|from investing||activities|||||
|Dividends|received||||||20,678|22,573|
|Payments|to acquire investments||||||(34,167)|~29,989|
|Net cash|flow|from investing|||||(13,489)|7,416|
|Net (decrease)||/ increase in|cash and cash equivalents||||464|(10,967)|
|Cash and|cash|equivalents|at|beginning|ofthe year||84,970|95,937|
|Cash and|cash|equivalents|at|end ofthe|year||85,434|84,970|
|Cash and|cash|equivalents|consist of||||||
|Cash at bank and on hand|||||||85,407|84,943|
|Cash on deposit||with brokers|||||27|27|
|Cash and|cash|equivalents|at|end ofthe|year||85,434|84,970|
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|HOUSING LETTING|S||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|Turnover|||||||||
|Contributions
receivable|net ofidentifiable|||service charges and voids|||130,719|134,299|
|Service charge income|||||||6,626|6,644|
|Amortised
government|grants||||||2,598|2,598|
|Turnover
from social housing|||lettings||||139,943|143,541|
|Administrative
expenditure||(note 17)|||||||
|Management
costs|||||||33,634|34,826|
|Service charge costs|||||||25,790|25,876|
|Repairs and maintenance|||||||67,024|85,169|
|Gifts to tenants||||||||400|
|Depreciation ofhousing|properties||||||10,975|10,975|
|Administrative
expenditure||on social housing|||lettings||137,423|157,246|
|Operating
surplus
on social||housing
lettings|||||2,520|(13,705)|
|Void losses|||||||9,754|1,780|
|All turnover
and expenditure||is|in respect ofhousing|||for older people.|||
|TANGIBLE FIXEDASSETS|||||||||
|||||||||Freehold|
|||||||||Housing|
|||||||||Property|
|Cost|||||||||
|At 1 January 2021 and 31 December 2021||||||||829,160|
|Depreciation|||||||||
|At 1 January 2021||||||||54,875|
|Charge for year||||||||10,975|
|At 31 December 2021||||||||65,850|
|Net book value|||||||||
|At 31 December 2021||||||||763,310|
|At 31 December 2020||||||||774,285|
##
|INVESTMENTS|||
|---|---|---|
||Cost|Market|
|||Value|
|Endowment
fund|||
|Balance brought
forward|298,526|566,463|
|Additions
in year|0|0|
|Disposals
in year|0|0|
|Accumulated
income|7,920|7,920|
|Change
in market value|0|65,034|
|Balance carried forward|306,446|639,417|
|Cash on deposit at brokers|27|27|
|Total endowment
funds|306,473|639,444|
|Extraordinary
repairs fund|||
|Balance brought
forward|126,926|129,171|
|Additions
in year|21,600|21,600|
|Disposals in year|0|0|
|Accumulated
income|4,647|4,647|
|Change
in market value|0|13680|
|Balance carried forward|153,173|169,098|
|At 31 December 2021|459,646|808,542|
|At 31 December 2020|425,479|695,661|
||DUE WITHI|N ONE YEAR|||
|---|---|---|---|---|
||||2021|2020|
||Contribution|arrears|2,501|5,593|
||Prepayments||6 048|5,124|
||||8,549|10,717|
|7.|CREDITORS: AMOUNTS FALLING||||
||DUE WITHIN ONE YEAR||||
||||2G21|2020|
||Contributions|paid in advance|5,701|4,973|
||Accrued expenses||3,836|3,676|
||Deferred income||2,598|2,598|
||||12,135|11,247|
##
|DUE AF|TER MORE THAN ONE YEAR|||
|---|---|---|---|
|||2021|2020|
|Deferred|income|165,027|167,625|
|||165,027|167,625|
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|RESTRICTED FUNDS||||
|---|---|---|---|
|||2021|2020|
|ENDOR'MEI3I'T RESERVE||||
|Brought forward||573,377|572,763|
|Net transfers
from income and expenditure|reserve|7,920|9,642|
|Movement
in fair value||65,034|~9,028|
|Carried forward||646,331|573,377|
|RESTRICTED RESERVE||||
|---|---|---|---|
|Brought forward||129,171|122,511|
|Net transfers
from income and expenditure|reserve|26,247|20,325|
|Movement
in fair value||13,680|~13,665|
|Carried forward||169,098|129,171|
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|CASH FLOW FROM OPERA|T|ING A|CTIV|ITIES||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|Surplus
/ (deficit) for the year||||||||101,912|(13,825)|
|Amortised
housing
grant||||||||(2,598)|(2,598)|
|Depreciation oftangible fixed assets||||||||10,975|10,975|
|(Decrease) / Increase in creditors||||||||888|989|
|Decrease
/ (Increase) in debtors||||||||2,168|788|
|Dividends
receivable||||||||(20,678)|(22,573)|
|Movement
in fair value offixed||asset investments||||||(78,714)|22,693|
|At 31December 2021||||||||13,953|~3,551)|
|FINANCIAL INSTRUMENTS||||||||||
|||||||||2021|2020|
|The carrying
amounts ofthe charity's
financial||||instruments|are as follows:|||||
|Financial assets||||||||||
|Measured
at fair value through|the statement ofcomprehensive|||||income:||||
|—Fixed asset listed investments|(note 5)|||||||808,542|695,661|
|Debt instruments
measured
at amortised|||cost:|||||||
|- Other debtors (note 6)||||||||2,501|5,593|
|Financial liabilities||||||||||
|Measured
at amortised
cost:||||||||||
|- Other creditors (note 7)||||||||9,537|8,649|
|The income, expenses, net gains||and net|losses attributable||to the charity's||financial|instruments
are as follows:||
|Income and expense||||||||||
|Financial
assets measured
at fair value through||||the||||||
|statement ofcomprehensive
income:||||||||17,793|18,440|
|Net gains and losses (including||changes|infair|value)||||||
|Financial
assets measured
at fair value through||||the||||||
|statement
ofcomprehensive
income:||||||||78,714|~22,693|
##
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|PERATING COST|S|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|Management
costs||||||||
|Property
insurance||||||3,200|3,182|
|Subscriptions||||||309|295|
|Fee for right ofway||||||150|150|
|Management
charges||||||24,000|24,000|
|Auditors'
remuneration||||||1,848|1,812|
|Auditors'
remuneration|||—non audit work|||1,242|1,218|
|Legal and professional||fees||||2,885|4,133|
|Bank charges|||||||36|
|||||||33,634|34,826|
|Service costs||||||||
|Water rates||||||6,626|6,644|
|Council tax on empty properties
Light k heat on empty properties||||||1,695
279|497
470|
|Sundry expenses||||||1,705|987|
|Lighting ofcommon|areas|||||1,099|1,306|
|Warden's
light and heat||||||1,525|1,407|
|Warden's
telephone||||||1,547|1,312|
|Warden's
council tax||||||1,296|1,233|
|Warden's
water rates||||||114||
|Warden's
Christmas|box gift|||||500|750|
|Warden call system||||||1,544|1,522|
|Cleaning||||||4,100|6,625|
|Garden maintenance||||||3,760|3,123|
|||||||25,790|25,876|
|Day to day repairs and|||maintenance|||||
|Repairs and servicing|to||boilers|||2,028|2,055|
|Gas safety check and|servicing|||||3,264||
|Plumbing
repairs||||||4,939|3,934|
|Warden call maintenance||||||3,606|3,532|
|Redecoration
and refurbishment|||||offlats|39,137|67,057|
|Fire extinguisher
servicing||||and replacements||428|843|
|Electrical repairs||||||9/12|3,861|
|General repairs||||||4,410|3,887|
|||||||67,024|85,169|
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