##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|||
|Turnover|||||||
|Rent and|contributions|receivable||1|404,228|450,845|
|Operating|costs|||1|(483,926)|(485,664)|
|Operating|deficit||||(79,698)|(34,819)|
|Donations|and legacies||||290|14,464|
|Finance and investment||income|||9,474|8,940|
|Government
grants|||||3,227||
|Investment|management|costs|||(6,906)|(7,137)|
|Realised gains from investments|||||1,735||
|Deficit for|the year|||1|(71,878)|(18,220)|
|Unrealised|gains from investments|||12|28,675|48,280|
|Total gains/(loss)
recognised|||in the year||(43,203)|30,060|
##
||||Notes|2020|2019|
|---|---|---|---|---|---|
|FIXEDASSETS||||||
|Tangible assets||||||
|Housing properties
plant
Investment
properties||and equipment||270,521
1,615,000|282,065
1,615,000|
||||3|l,885,521|1,897,065|
||||4|634,617|704,721|
|CURRENT ASSETS||||||
|Stocks||||||
|Debtors
Cash at bank and in hand|||5
6|1,500
16,045
94,962|1,500
15,007
72,602|
|||||112,507|89,109|
|CREDITORS: Amounts||falling due within one year|7|(31,166)|(39,336)|
|NET CURRENT ASSETS||||81,341|49,773|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||2,601,479|2,651,559|
|CREDITORS: Amounts|falling due after one year||8|(162,083)|(168,961)|
|||||2,439,396|2,482,598|
|FINANCED BY:||||||
|HOUSING PROPERTY FINANCE||||||
|EQUITY||||||
|Capital and endowment
Income and expenditure
Amenity
fund
Revaluation
reserve|reserves
reserve||12
12|78+52
736,927
8,917|78,552
778,271
10,776|
|||||1,614,999|1,614,999|
|||||2,439,396|2,482,598|
##
##
||Notes|2020|2019|
|---|---|---|---|
|Cash flow from operating
activities|15a|(73,838)|3,700|
|Cash flow from investing
activiues|15b|98,779|(7,850)|
|CASH INFLOW/(OUTFLOW)
BEFOREFINANCING||24,941|(4,150)|
|Financing|15c|(6,878)|(6,878)|
|INCREASE/(DECREASE) IN CASH IN THE YEAR||18,063|(11,028)|
|RECONCILIATION OFNET CASH FLOW TOMOVEMENT IN||||
|NET FUNDS||||
|Increase/(Decrease)
in cash in year||18,063|(1 l.,028)|
|Cash inflow from decrease in debt||6,878|6,878|
|Change in net debt resulting
in cash flows||24,941|(4,150)|
|MOVEMENT IN NET FUNDS IN THE YEAR||24,941|(4,150)|
|NET (DEBT)AT 1IANUARY 2020||(103,237)|(99,087)|
|NET (DEBT)AT 31DECEMBER 2020|15d|(78,296)|(103,237)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Operating||Operating|
|---|---|---|---|---|
|||costs||costs|
||Income|2020|Income|2019f|
|Income and expenditure
from lettings|||||
|Housing accommodation|318,823|466,378|346,139|463,683|
|Other income and expenditure|||||
|Non housing property
lettings|85,405|17,548|104,706|21,981|
||404,228|483,926|450,845|485,664|
|Finance and investment
income
Donations
and legacies|9,474
290||8,940
14,464||
|Government
grants - CJRS Schemes|3,227||||
|Investment
management
costs
Realised gains on investments|1,735|6,906|332|7,137|
||418,954|490,832|474,581|492,801|
|Deficit for the year on all funds|71,878||18,220||
|Depreciation
Depreciation
Independent|—land and
—fixtures
examiner's|buildings
and fittings
fee|9,077
2,467
1,200|9,077
3,085
1,200|
|---|---|---|---|---|
##
##
|FINANCEANDINVESTMENT|||||
|---|---|---|---|---|
||INCOME||2020|2019|
|Deposit account interest
Dividends
received|||954
8,520|1,339
7,601|
||||9,474|8,940|
|FIXEDASSETS|||||
||Property,||Fhtu res||
||plant and|Investment|and||
||equipment|properties|fittings|Total|
|Cost or nominal
valuation:|||||
|1 January 2020
Additions|478,846|1,615,000|74,747|2,168,593|
|31 December 2020|478,846|1,615,000|74,747|2,168,593|
|Depreciation:|||||
|1 January 2020
Charge for the year|209,119
9,077||62,409
2,467|271,528
11,544|
|31December 2020|218,196||64,876|283,072|
|Net book value:|||||
|31December 2020|260,650|1,615,000|9,871|1,885,521|
|31December 2019|269,727|1,615,000|12,338|1,897,065|
|Brethren do not believe that the value ofthe property
is mate|rially
different as at 31Dece|mber 2020.|
|---|---|---|
||2020|2019|
|Housing association stock|No,|No.|
|-for older people, owned
Staff units|19|19|
||1|1|
|||20|
|One ofthe units is used as arespite room.|||
|||Page I6|
##
|4|INVESTMENTS||||||
|---|---|---|---|---|---|---|
||||Transact|United|Deposit||
||||portfolio|Tntst Bankf|accounts|Total|
||Market value:||||||
||1January 2020
Additions
Disposals
Investment
income
Management
costs
Net unrealised
gain
on investments||624,292
182,653
(234,324)
8,435
(6„445)
28,675|80,285
(50,000)
902||704,721
182,653
(284,324)
9,337
(6,445)
28,675|
||31December 2020||603,286|31,187|144|634,617|
||31December 2019||624,292|80,285|144|704,721|
||On a historical cost basis investments||would be included at:||||
||31December 2020||599,580|30,285|144|630,009|
||31December 2019||648,809|80,285|144|729,238|
|5|DEBTORS||||2020|2019|
||Trade debtors
Prepayments
k.accrued income
VAT debtor||||6,773
8,364
908|5,700
9,307|
||||||16,045|15,007|
|6|CASH AT BANK AND IN HAND||||2020|2019|
||Cash in hand
Bank —current account
Business reserve accounts
Bank deposit accounts —Amenity|fund|||93
85,952
8,917|230
500
61,096
10,776|
||||||94,962|72,602|
|||||||Page 17|
##
|7|CREDITORS: Amounts|due within|one year|2020|2019|
|---|---|---|---|---|---|
||Bank- current account
Trade creditors
Charitable
benefactions
administered
Taxation
gt, social security
Accruals
8t, deferred income
Other creditors||by Almshouse|4,297
6,148
2,458
3,055
15,208|9,343
2,458
9,186
17,849
500|
|||||31,166|39,336|
|8|CREDITORS: Amounts|due after more than one year||2020|2019|
||Accruals &deferred income: housing||grant|162,083|168,961|
|9|LOANS|||2020|2019|
||Housing property
finance
Homes 4 Coimnunities
Agency|||||
|10|OPERATING COSTS FROM LETTINGS|||Operating|Operating|
|||||costs|costs|
|||||2020|2019|
||Housing accommodation|(19units —(2019:19units))||||
||Sexvices|||||
||Management
Maintenance|||404,105
45,012|357,915
45,735|
|||||17,261|19,703|
|||||466,378|423,353|
##
|12|ACCUMULATED
GENERAL FUND|2020|2019|
|---|---|---|---|
||As at 1 January 2020|778,271|743,247|
||Deficit for the year (note 1)|(71,878)|(18,220)|
||Surplus on investment
revaluations|28,675|48,280|
||Transfer from Amenity
fund|1,859|4,964|
||As at 31December 2020|736,927|778,271|
||AMENITY FUND|||
||As at 1January 2020|10,776|15,740|
||Transfer to accumulated
general fund|(1,859)|(4,964)|
||As at 31December 2020|8,917|10,776|
##
##
||||Total|Total|
|---|---|---|---|---|
||||2020|2019f|
||As at 1 January 2020||1,614,999|1,614,999|
||Movement
in year||||
||As at 31December 2020||1,614,999|1,614,999|
|14|EMPLOYEES||2020|2019|
||Staff costs during the year||||
||Wages and salaries
Steward's
salary
Social security costs
Pension contributions||291,470
6,810
13,078
6,694|256,188
13,030
9,888
6,133|
||||318,052|285,239|
||||2020|2019|
||||No.|No.|
||The average number ofpersons employed|was:|25|32|
##
##
|15|CASH FLOWS||||
|---|---|---|---|---|
||||2020|2019|
|a|Reconciliation ofoperating
resnlt to net cash inflow from||||
||operating
activities||||
||Total gaia/(loss)
rccogniscd in the year
Depreciation
Unrealised
gain on fixed asset investment
Increase in debtors||(43/03)
11,544
(28,675)|30,060
12,162
(48,281)|
||(Decrease)/increase
in creditors||(1,037)
(12,467)|(2,352)
12,111|
||Net cash (outflow)/inflow
from operating|activities|(73,838)|3,700|
||||2020|2019|
||Cash flows from investing
activities||||
|b|Purchase oftangible fixed assets
Purchase ofinvestments|||5,890|
||Proceeds from sale ofinvestments
Investment
income||(182,653)
284,324|8,909
(8,752)|
||Investment
management
costs||(9,337)
6,445|8,940
(7.137)|
||Net cash inflow from returns
on investments
finance|and servicing of|||
||||98,779|7,850|
||||2020|2019|
||Financing||||
||Release ofcapital housing
grant||(6,878)|(6,878)|
||Net cash (outflow) from financing||(6,878)|(6,878)|
|d|Analysis ofnet funds/{debt)|At 1 January||At|31December|
|---|---|---|---|---|---|
|||2020|Cash flow||2020|
||Bank
Debt due after one year
Debt due within one year|72,602
{168,961)
(6,878)|18,063
6,878||90,665
(162,083)
(6,878)|
|||(103,237)|24,941||(7S,296)|
##