2022-03-31-accounts

CONTENTS			Pa e
Trustee, Management	and Principal	Advisors
Trustee report			3-5
Statement ofTrustee's	responsibilities
Independent Auditor's	report		7-10
Statement ofcomprehensive income
Statement offinancial	position		12
Statement ofchanges	in Reserves		13
Notes to the financial	statements		14-20

Trustee		The Cambridge Housing Society Limited	The Cambridge Housing Society Limited	The Cambridge Housing Society Limited
Management		Management is provided		by The Cambridge	Housing Society Limited
External auditor		Beever and Struthers
		15Bunhill Row
		London, EC1Y8LP
Principal	solicitor	Devonshires Solicitors	LLP
		Finsbury Circus
		London, EC2M 7DT
Banker		Lloyds Bank Pic
		25 Gresham Street
		London, EC2V 7HN
Registered	office	Endurance House
		Chivers Way
		Histon,
		Cambridge, CB24 9ZR

We have	adopted these as reported below.
No.	Metric		2022	2021
1	Reinvestment	Yo
2A	New supply delivered —social
28	New supply delivered -non-social
3	Gearing
4	EBITDA major repairs included interest cover	'Yo
5	Headline social housing cost per unit	E	2,417	2,694
6A	Operating margin/(deficit) —social housing	9o	28.2	22.3
68	Operating margin/(deficit) —overall	'/o	28.2	22.3
7	Return on capital employed	Yo	4.0	3.2

			2022	2021
		Note	E	f
Turnover			28,485	28,067
Operating	costs		(20,442)	(21,803)
Operating	surplus		8,043	6,264
Interest receivable
Surplus for the year			8,042	6,264

				2022	2021
			Note	E	E
Fixed assets
Housing properties				131,778	137,719
Current assets
Debtors			10	26,092	16,376
Cash and cash equivalents			11	44,789	44,788
				70,881	61,164
Creditors: amounts	falling due within one year		12	(29)	(3,823)
Net current assets				70,852	57,341
Total assets less current		liabilities		202,630	195,060
Creditors: amounts	falling due after more than one year		13	(42,557)	(43,030)
Total net assets				160,073	152,030
Reserves
Accumulated surplus				160p073	152,030
Totalreserves				160,072	152,030

	Cyclical	Accumulated
	Maintenance	surplus	Total
	E	E
Balance at 1April 2020	5,026	140,740	145,766
Surplus for the year		6,264	6,264
Transfers
Balance at 31March 2021	5,026	147,004	152,030
Balance at 1April 2021	5,026	147,004	152,030
Surplus for the year		8,043	8,043
Transfers
Balance at31March 2022	5,026	155,047	160,073

component categor	component categor	ies.	ies.
UELs for identified		components		are as follows:
Structure					100years
Roofs					60years
Bathrooms,	windows		and doors,		30years
Kitchens					20years
Boilers and	heating				15years

All turnover and op	erating	costs r	ela	te to general needs properties.
					2022	2021
					E	E
Turnover on social	housing	lettings
Rent receivable net of identifiable			service charges		28,012	27,594
Service charges receivable
Net rental income					28,012	27,594
Arnortised grant					473	473
Total income from	lettings				28,485	28,067
Expenditure
Management costs					(1,705)	(1,665)
Service costs					(9,158)	(9,707)
Routine maintenance					(3,639)	(4,792)
Planned maintenance
Depreciation of housing properties					(5,941)	(5,639)
Total expenditure	on social housing			lettings	(20,443)	(21,803)
Surplus on socialhousing		lettings			8,042	6,264
Rent losses from voids
Housing stock
					2022	2021
					No.	No.

Interes	t receivable
		2022	2021
		E	E
Interest	receivable

The surpl	us	for the year	is stated a	fter charging:
					2022	2021
					E	E
Depreciation		on housing	properties		5,941	5,639
Auditor's	remuneration		(excluding	VAT)	1,200	1,000

Housing	pr	operties
				2022	2021
					E
Cost:
At 1April				187p178	182,249
Additions					4,929
At 31March				187,178	187,178
Depreciation:
At 1April				(49,459)	(43,820)
Change in the		year		(5,941)	(5.639)
At 31March				(55,400)	(49,459)
Net book	value at 31March			131,778	137,719
Net book	value at 01April			137,719	138,429
All properties		are freehold.
Debtors
				2022	2021
				E	f
Prepayments				300	300
Amounts	due	from The Cambridge	Housing Society Limited	25,792	16,076
				26,092	16,376

Cash and cash eq	uiv	alents
			2022	2021
			f	E
Cash at bank and in	hand		44,789	44,788
Creditors: amounts		falling due within one year
			2022	2021
			f	E
Accruals			420	2,400
Prepaid maintenance	charge		(391)	1,423
			29	3,823

						2022	2021
						f	E
Total amount	ofgrantreceived:
Housing Association		Grant				17,771	17,771
Other Grant						29,515	29,515
						47,286	47,286
Total amount	recognised		through	the statement ofcomprehensive	income:
Amortisation
At 1April						4,256	3,783
Change in the	year					473	473
At 31March						4,729	4,256
Total amount	remaining:
Net book value at 31March						42,557	43,030

				2022	2021
				f	f
Financial	assets:
Measured	at cost:
Cash and	cash equivalents			44,789	44,788
Measured	at amortised	cost:
Amounts	due from The	Cambridge	Housing Society Limited	25,792	16,076
Other receivables				300	300
				70,881	61,164
Financial	liabilities:
Measured	at omortised	cost:
Payables				29	3,823
Amounts	owed toThe Cambridge		Housing Society Limited
				29	3,823