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|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|
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|---|---|---|---|---|
|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||||
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|||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|
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||||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|
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|||||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|
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|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|
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|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|
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|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|
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|6.|DEBTORS:|||2021|2020|
|---|---|---|---|---|---|
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||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|
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|||||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|
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||||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|
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||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|