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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|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||||
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|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|
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|||||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|
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|||||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|
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||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|
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|UELs for ide|ntified
co|mponents
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|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||||||||
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|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|
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|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|
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||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Prepayments||||300|
|Amounts|due from The Cambridge|Housing Society Limited|1,579|25,792|
||||1,579|26,092|
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|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|
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|||||||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|
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||||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|
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