2021-12-31-accounts

	Page
Legal and Administrative Information
Report ofthe Trustees	2-4
Independent Examiner's Report
Statement ofComprehensive Income
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Financial Statements	9-15

CLERK:	Miss Julia Eros
CHARITY NUMBER:	200397
INDEPENDENT EXAMINER'	Rawlinson Pryde Limited
	Argent House
	5 Goldington	Road
	Bedford
	MK40 3JY
	NatWest Bank pic
	81 High Street
	Bedford
	MK40 IYN
INVESTMENT MANAGERS:	BlackRock Investment		Management	(UK) Ltd
	PO Box545
	Darlington
	DL1 9TQ
	M &G Securities Limited
	PO Box9038
	Chelmsford
	CM992XF

		Unrestricted	Restricted	Total	Total
	Notes	funds	funds	2021	2020
INCOMING RESOURCES
Voluntary Income:
Contributions Receivable (Gross)		101,199		101,199	101,198
Less: Voids		(5,551)		(5,551)	(12,260)
Less: Write-Offs (Fraud)					(3,607)
Contributions Receivable (Net)		95,648		95)648	85,331
Grants Received
Investment Income		5,276		5,276	5,145
Interest Receivable		5		5	40
Sundry Income		48		48	30
TOTAL INCOMING RESOURCES		100,977		100,977	90,546
RESOURCES EXPENDED
Administrative Expenses	3	(105,908)		(105,908)	(90,535)
Interest Payable and Similar Charges
TOTALRKSOURCESKXPENDED		(105,908)		(105,908)	(90,535)
Change in Value ofInvestments		1,703		1,703	(8,487)
(DEFICIT)/SURPLUS FOR THE YEAR		(3,228)		(3,228)	(8,476)
SURPLUS BROUGHT FORWARD		187,933		187,933	196,409
TRANSFERS
SURPLUS CARRIED FORWARD		184,705		184,705	187,933

			Notes	2021		2020
FIXEDASSETS:
Tangible assets					1,126,548	1,109,256
Investments					134,328	132,625
					1,260,876	1,241,881
CURRENT ASSETS:
Cash at bank and in hand				71,003		79,521
Debtors				2,514		2,175
				73,517		81,696
CREDITORS: Amounts		falling
due within one year			7	(3,900)		(3,362)
NET CURRENT ASSETS:					69,617	78,334
CREDITORS: Amounts		falling
due greater than one year			7		(6,250)	(8,750)
NET ASSETS:					1,324,243	1,311,465
FUNDS:
Accumulated surplus			12	99,550		104,481
Investment revaluation	reserve		13	85,155		83,452
Surplus carried forward					184,705	187,933
Restricted funds			14
Maintenance reserves			8		126)935	110,929
Property equity reserve			15		1,012,603	1,012,603
TOTAL FUNDS:					1,324,243	1,311,465
The financial statements		were approved		by the Board ofTrustees	on.......4(.......22.and signed on its behal
JFardell - Chair						A Chandler - Trustee

				2021	2020
				5
Cashfiow from operating activities
Surplus/(deficit) for the year				(3,228)	(8,476)
Adjustments for non-cash items:
Depreciation oftangible fixed assets				7,990	7,210
Decrease/(increase) in debtors				(339)	285
Increase/(decrease) in creditors				538	(1,305)
Increase/(decrease) in maintenance		reserve		16,006	14,672
Net cash generated from operating	activities			20,967	12,386
Cash flow from investing activities:
Purchase oftangible fixed assets				(25,280)	(13,896)
Purchase ofinvestments
Decrease/(increase) in investment		value		(1,703)	8,487
Disposal oftangible fixed assets
Cash flow from financing activities
Repayments ofborrowings				(2,500)	(2,500)
Net change in cash and cash equivalents				(8,518)	4,477
Cash and cash equivalents at beginning			ofthe year	79,521	75,044
Cash and cash equivalents at end of		the	year	71,003	79,521

Administrativ	e exp	ense	s	include the following:
					Total	Total
					2021	2020
Housing management				expenses:
Clerk's fees					8,052	6,627
Insurance					2,066	2,007
Subscriptions					599	593
General expenses					1,497	1,349
Accountancy	fees				984	910
AA administration		fee			125	125
Professional	fees- legal				2@00
					15,623	11,611
Service costs:
Warden's salary					15,191	14,893
Employer's	NIC				196	193
Care-link and mobile warden costs					8,749	8,577
Rates					5,355	3,913
Light and heat					2,778	2,884
Telephone					668	662
Gardening					5,945	1,510
Cleaning					582	645
Television licences					180	177
Professional	fees				3,331
					42,975	33,454
Property provisions:
Repairs and	maintenance			provisions	39/20	38,260
Depreciation					7,990	7,210
Loss/(Profit)	on disposal
					47,310	45,470
Total administrative			expenses		105,908	90,535

FOR THE	YEAR ENDE	D 31DECEMBER	2021
TANGIBLE FIXEDASSETS
	Freehold	Freehold	Fixtures and	Total
	Housing	Improvements	Fittings
COST:
At 1 January 2021	1,384,377	69,177	46,715	1,500,269
Additions		19)286	5,994	25,280
Disposals
At 31December 2021	1,384,377	88,463	52,709	1,525,549
LESSHOUSING ASSOCIATION	GRANT
At I January 2021 and
31December 2021	334,377			334,377
DEPRECIATION:
At 1 January 2021		18,562	38,074	56,636
Charge for year		6,136	1,854	7,990
Elimination on disposal
At 31December 2021		24,698	39,928	64,626
NET BOOK VALUE:
At 31 December 2021	1,050,000	63,765	12,783	1,126,548
At 31 December 2020	1,050,000	50,615	8,641	1,109,256

INVESTMKNTS
		Cost		Market	Value
	2021		2020	2021	2020
					f
M &G Charity Multi Asset Fund Income
Units (NAACIF)
567(567)Income shares	144		144	517	474
3,829(3,829) units- M &G Charifund	21,000		21,000	59,600	52,567
40,398(40,398)shares in BLKCharities
UK Bond Fund A Income Fund	28,032		28,032	74,211	79,584
(Charinco)
	49,176		49,176	134,328	132,625

6.	DEBTORS:			2021	2020
					6
	Other debtors			1,073	783
	Prepayments and accrued income			1,441	1,392
				2,514	2,175
	CREDITORS:
	Amounts falling	due within	one year:	2021	2020
	Trade creditors	and accruals		2,354	2,343
	Deferred income			1,016	1,019
	Social security			530
				3,900	3,362
	Amounts fall due greater than one year:
	Loans			6,250	8,750

				Day to Day Maintenance	Cyclical Maintenance	Extraordinary R~eairs	Total
Provision	at	1"January 2021		(838)	45,668	66,099	110,929
Expenditure		in the year		(8,166)	(15,148)		(23,314)
				(9,004)	30,520	66,099	87,615
Charged	to income k.expenditure		account	11,800	17&080	10,440	39,320
Provision	at	31"December 2021		2,796	47,600	76,539	126,935

			2021	2020
	Brought forward	at I"January 2021	104,481	104,470
	Surplus/(deficit)	for year	(4,931)	11
	Transfer (to)/from restricted fund
	Carried forward	at 31"December 2021	99,550	104,481
13.	INVESTMENT	REVALUATION RESERVE:
			2021	2020
	Brought forward	at 1"January 2021	83,452	91,939
	Investment revaluation in year		1,703	(8,487)
	Carried forward	at 31n December 2021	85,155	83,452

	There were no restricted reserves in 2021 or the previous	year.
15.	PROPERTY EQUITY RESERVE:
			2021	2020
	Brought forward at 1"January 2021		1,012,603	1,012,603
	Revaluation offreehold property
	Carried forward at31"December 2021		1,012,603	1,012,603