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|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|
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|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||||
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|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|
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||||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|
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|||||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|
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||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|
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|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|
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|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.|
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|Interes|t receivable|||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Interest|receivable|||
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|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|
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|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|
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|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|
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|||||||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|
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|||||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|
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