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|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|||
|TllIIlover||||||
|Rent and|contributions|receivable|1|372,103|404,228|
|Operating|costs||1|(437,515)|(483,926)|
|Operating|deficit|||(65,412)|(79,698)|
|Donations|and legacies|||4,608|290|
|Finance and investment||income||8,030|9,474|
|Government
grants||||639|3,227|
|Investment|management|costs|4|(7,185)|(6,906)|
|Realised gains from investments|||12||1,735|
|Deficit for|the year||1|(59,320)|(71,878)|
|Unrealised|gains Rom investments||12|45,226|28,675|
|Total gains/(loss)
recognised in the year||||(14,094)|(43,203)|
##
|||Notes|2021|2020|
|---|---|---|---|---|
|FIXEDASSETS|||||
|Tangible assets|||||
|Housing
properties
plant and equipment
Investment
properties|||259,483
1,615,000|270,521
1,615,000|
|||3|1,874,483|1,885,521|
|1NVESTMENTS||4|655,570|634,617|
|CURRENT ASSETS|||||
|Stocks|||||
|Debtors|||1,500|1,500|
|Cash at bank and in hand|||29,928
64,452|16,045
94,962|
||||95,880|112,507|
|CREDITORS: Amounts|falling due within one year|7|(45,426)|(31,166)|
|NET CURRENT ASSETS|||50,454|81,341|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||2,580,507|2,601,479|
|CREDITORS: Amounts|falling due after one year|8|(155,205)|(162,083)|
||||2,425,302|2,439,396|
|FINANCED BY:|||||
|HOUSING PROPERTY FINANCE|||||
|EQUITY|||||
|Capital and endowment
Income and expenditure
Amenity
fund
Revaluation
reserve|reserves
reserve|12
12|78,552
725,970
5,780
1,614,999|78,552
736,927
8,917
1,614,999|
||||2,425,302|2,439,396|
##
##
||Notes|2021|2020|
|---|---|---|---|
|Cash flow from operating
activities|15a|(43,608)|(73,838)|
|Cash flow from investing
activities|15b|24,273|98,779|
|CASH INFLOW/(OUTFLOW)
BEFOREHNANCING||(19,335)|24,941|
|Financing|15c|(6,878)|(6,878)|
|INCREASE/(DECREASE)
IN CASH IN THE YEAR||(26,213)|18,063|
|RECONCILIATION OFNET CASH FLOW TO MOVEMENT IN||||
|NET FUNDS||||
|Increase/(Decrease)
in cash in year||(26,213)|18,063|
|Cash inflow from decrease in debt||6,878|6,878|
|Change in net debt resulting
in cash flows||(19,335)|24,941|
|MOVEMENT IN NET FUNDS IN THEYEAR||(19,335)|24,941|
|NET (DEBT)AT 1JANUARY 2021||(78,296)|(103,237)|
|NET (DEBT)AT 31DECEMBER 2021|15d|(97,631)|(78,296)|
##
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|||Operating||Operating|
|---|---|---|---|---|
|||costs||costs|
||Income|202I|Income|2020|
|Income and expenditure
from lettings|||||
|Housing accommodation|269,855|440,800|318,823|466,378|
|Other income and expenditure|||||
|Non housing property
lettings|102,248|(3,285)|85,405|17,548|
||372,103|437815|404,228|483,926|
|Finance and investment
income|8,030||9,474||
|Donations
and legacies|4,608||290||
|Government
grants - CJRS Schemes|639||3,227||
|Investment
management
costs||7,185||6,906|
|Realised gains on investments|||1,735||
||385,380|444,700|418,954|490,832|
|Deficit for the year on all funds|59,320||71,878||
|The operating deficit is stated after charging:|||||
|Depreciation —land and buildings|||10,284|9,077|
|Depreciation —fixtures and fittings|||754|2,467|
|Independent
examiner's
fee|||||
|Independent
examination
fee|||3,078|1,200|
|Other|||4,624||
##
||||||
|---|---|---|---|---|
|FINANCE AND INVESTMENT|INCOME||2021|2020|
|Deposit account interest|||1|954|
|Dividends received|||8,029|8,520|
||||8,030|9,474|
|FIXEDASSETS|||||
||Property,||Fixtures||
||plant and|Investment|and||
||equipment|properties|fittings|Total|
|Cost ornominal
valuation:|||||
|1January 2021|478,846|1,615,000|74,747|2,168,593|
|Additions|||||
|31December 2021|478,846|1,615,000|74,747|2,168,593|
|Depreciation:|||||
|1January 2021|218,196||64,876|283,072|
|Charge for the year|10,284||754|11,038|
|31December 2021|228,480||65,630|294,110|
|Net book value:|||||
|31December 2021|250,366|1,615,000|9,117|1,874,483|
|31December 2020|260,650|1,615,000|9,871|1,885,521|
|rethren do not believe that the value ofthe property
i|s materially
different as at31Decem|ber 2021.|
|---|---|---|
||2021|2020|
||No.|No.|
|Housing association stock|||
|-for older people, owned|19|19|
|Staff units|1|1|
||20|20|
##
||INVESTMENTS|INVESTMENTS||||||
|---|---|---|---|---|---|---|---|
|||||Transact|United|Deposit||
|||||portfolio|Trust Bank|accounts|Total|
||Market value:|||||||
||I January 2021|||603,286|31,187||634,617|
||Additions|||||||
||Cash withdrawal||||(25,000)||(25,000)|
||Investment
income|||7,912|||7,992|
||Management|costs||(7,185)|||(7,185)|
||Net unrealised|gain||45,226|||45,226|
||on investments|||||||
||31December|2021||649,239|6,187|144|655,570|
||31December|2020||603,286|31,187|144|634,617|
||On ahistorical|cost basis investments||would be included at:||||
||31December|2021||599,580|5,285|144|605,009|
||31December|2020||599,580|30,285|144|630,009|
|5|DEBTORS|||||2021|2020|
||Trade debtors|||||5,646|6,773|
||Prepayments|8caccrued income||||24,282|8,364|
||VAT debtor||||||908|
|||||||29,928|16,045|
|6|CASH AT BANK AND IN HAND|||||2021|2020|
||Cash in hand||||||93|
||Bank —current account|||||58,670||
||Business reserve accounts|||||2|85,952|
||Bank deposit|accounts —Amenity|fund|||5,780|8,917|
|||||||64,452|94,962|
##
|7|CREDITORS: Amounts|due within|one year|2021|2020|
|---|---|---|---|---|---|
||Bank- current account||||4,297|
||Trade creditors|||22,870|6,148|
||Charitable
benefactions|administered|by Almshouse||2,458|
||Taxation &social security|||2,596|3,055|
||Accruals &deferred income|||14,308|15,208|
||VAT liability|||5,652||
|||||45,426|31,166|
|8|CREDITORS: Amounts|due after more than one year||2021|2020|
||Accruals &deferred income: housing||grant|155,205|162,083|
|9|LOANS|||2021|2020|
||Housing property fmance|||||
||Homes &Communities|Agency||||
|10|OPERATING COSTS FROM LETTINGS|||Operating|Operating|
|||||costs|costs|
|||||2021|2020|
|||||f.||
||Housing accommodation|(19units —(2020:19units))||||
||Services|||340,473|404,105|
||Management|||81,244|45,012|
||Maintenance|||19,083|17,261|
|||||440,800|466,378|
##
##
|||||
|---|---|---|---|
|ACCUMULATED
GEN|ERAL FUND|2021|2020|
|As at 1 January 2021||736,927|778,271|
|Deficit for the year (note|1)|(59,320)|(71,878)|
|Surplus on investment
revaluations||45,226|28,675|
|Transfer from Amenity
fund||3,137|1,859|
|As at31December 2021||725,970|736,927|
|AMENlTY FUND||||
|As at 1January 2021||8,917|10,776|
|Transfer to accumulated|general fund|(3,137)|(1,859)|
|As at31December 2021||5,780|8,917|
##
##
|13|REVALUATION RESERVE||||
|---|---|---|---|---|
||||Total|Total|
||||2021|2020|
||As at 1January 2021||1,614,999|1,614,999|
||Movement
in year||||
||As at31December 2021||1,614,999|1,614,999|
|14|EMPLOYEES||2021|2020|
||Staffcosts during the year||||
||Wages and salaries||243,276|291,470|
||Steward's
salary||29,277|6,810|
||Social security costs||12,942|13,078|
||Pension contributions||2,555|6,694|
||||288,050|318,052|
||||2021|2020|
||||No.|No.|
||The average number ofpersons employed|was:|28|25|
##
|15|CASH FLOWS|||2021|2020|
|---|---|---|---|---|---|
|a|Reconcihation ofoperating
result to net||cash inflow from|||
||operating
activities|||||
||Total gain/(loss)
recognised
in the year|||(14,094)|(43,203)|
||Depreciation|||11,038|11,544|
||Unrealised
gain on fixed asset investment|||(45,226)|(28,675)|
||Increase in debtors|||(13,883)|(1,037)|
||Increase/(Decrease)
in creditors|||18,557|(12,467)|
||Net cash (outflow)/inflow
from operating|activities||(43,608)|(73,838)|
|||||2021|2020|
||Cash flows from investing
activities|||||
|b|Purchase oftangible fixed assets|||||
||Purchase ofinvestments||||(182,653)|
||Proceeds from sale ofinvestments|||25,000|284,324|
||Investment
income|||(7,912)|(9,337)|
||Investment
management
costs|||7,185|6,445|
||Net cash inflow from returns on investments||and servicing of|||
||finance|||24,273|98,779|
|||||2021|2020|
||Financing|||||
|c|Release ofcapital housing
grant|||(6,878)|(6,878)|
||Net cash (outflow) from financing|||(6,878)|(6,878)|
|d|Analysis ofnet funds/(debt)|At 1January||At 31December|
|---|---|---|---|---|
|||2021|Cash flow|2021|
||||E||
||Bank|90,665|(26,213)|64,452|
||Debt due after one year|(162,083)|6,878|(155,205)|
||Debt due within one year|(6,878)||(6,878)|
|||(78,296)|(19,340)|(97,631)|
##