2023-03-31-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	Society Limited
Management			Management is provided		by The Cambridge	Housing Society Limited
External	auditor		Beever and Struthers
			150Minories
			London, EC3N 1LS
Principal	solicitor		Devonshires Solicitors	LLP
			Finsbury Circus
			London, EC2M 7DT
Banker			Lloyds Bank Plc
			25 Gresham Street
			London, EC2V 7HN
Registered		office	Endurance House
			Chivers Way
			Histon,
			Cambridge, CB24 9ZR

e have	adopted these as reported below.
No.	Metric		2023	2022
1	Reinvestment
2A	New supply delivered —social
2B	New supply delivered - non-social
	Gearing	0/
	EBITDA major repairs included interest cover	0/
5	Headline social housing cost per unit		5,874	2,417
6A	Operating margin/(deficit) —social housing		(38.2)	28.2
6B	Operating margin/(deficit) -overall		(38.2)	28.2
	Return on capital employed	0/	(5.9)	4.0

				2023	2022
			Note	f	E
Turnover				29,557	28,485
Operating	costs			(40,853)	(20,443)
Operating	(deficit)/surplus			(11,296)	8,042
Interest receivable
(Deficit)/surplus		for the year		(11,296)	8,042

				2023	2022
			Note	E	E
Fixed assets
Housing properties				126,166	131,778
Current assets
Debtors			10	1,579	26,092
Cash and cash equivalents			11	70,581	44,789
				72,160	70,881
Creditors: amounts	falling due within one year		12	(7,466)	(29)
Net current assets				64,694	70,852
Total assets less current		liabilities		190,860	202,630
Creditors: amounts	falling due after more than one year		13	(42,084)	(42,558)
Total net assets				148,776	160,072
Reserves
Accumulated surplus				148,776	160,072
Total reserves				148,776	160,072

	Cyclical	Accumulated
	Maintenance	surplus	Total
	E	f
Balance at 1April 2021	5,026	147,004	152,030
Surplus for the year		8,042	8,042
Transfers
Balance at 31March 2022	5,026	155,046	160,072
Balance at 1April 2022	5,026	155,046	160,072
(Deficit)/surplus for the year		(11,296)	(11,296)
Transfers
Balance at 31March 2023	5,026	143,750	148,776

UELs for ide	ntified co	mponents are as follows:
Structure			100years
Roofs			60years
Bathrooms,	windows	and doors,	30years
Kitchens			20years
Boilers and	heating		15years

All turnover and op	eratin	g	costs re	la	te to general needs properties.
						2023	2022
						E	E
Turnover on social	housing		lettings
Rent receivable net of identifiable				service charges		29,084	28,012
Service charges receivable
Net renta I income						29,084	28,012
Amortised grant						473	473
Total income from	lettings					29,557	28,485
Expenditure
Management costs						(1,773)	(1,705)
Service costs						(26,695)	(9,158)
Routine maintenance						(6,773)	(3,639)
Planned maintenance
Depreciation of housing		properties				(5,612)	(5,941)
Total expenditure	on social housing				lettings	(40,853)	(20,443)
(Deficit)/surplus on social housing				lettings		(11,296)	8,042
Rent losses from voids
Housing stock
						2023	2022
						No.	No.
General needs
Interest receivable
						2023	2022
						E	E
Interest receivable

Surplus fo	r the year
The surplus	for the year	is stated after charging:
				2023	2022
				E	E
Depreciation	on housing	properties		5,612	5,941
Auditor's remuneration		(excluding	VAT)	1,000	1,000

Housing properties
	2023	2022
	E	E
Cost:
At 1April	187,178	187,178
Additions
At 31March	187,178	187,178
Depreciation:
At 1April	(55,400)	(49,459)
Change in the year	(5,612)	(5,941)
At 31March	(61,012)	(55,400)
Net book value at 31March	126,166	131,778
Net book value at 01April	131,778	137,719

			2023	2022
			E	E
Prepayments				300
Amounts	due from The Cambridge	Housing Society Limited	1,579	25,792
			1,579	26,092

Cash and cash eq	uiv	alents
			2023	2022
			E	E
Cash at bank and in	hand		70,581	44,789
Creditors: amounts		falling due within one year
			2023	2022
			E	E
Accruals			5,674	420
Prepaid maintenance	charge		1,792	(391)
			7,466	29

						2023	2022
						E	E
Total amount	ofgrant received:
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						4,729	4,256
Change in the	year					473	473
At 31March						5,202	4,729
Total amount	remaining:
Net book value at 31March						42,084	42,557

			2023	2022
			E	f
Financial	assets:
Measured	at cost:
Cash and	cash equivalents		70,581	44,789
Measured	at amortised cost:
Amounts	due from The Cambridge	Housing Society Limited	1,579	25,792
Other receivables				300
			72,160	70,881
Financial	liabilities:
Measured	at amortised cost:
Payables			7,466	29
Amounts	owed to The Cambridge	Housing Society Limited
			7,466	29