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||||PAGE|
|---|---|---|---|
|Legal and Administrative<br>Information||||
|Report ofthe trustees|and statement|ofresponsibilities||
|Independent<br>auditors|report|||
|Statement ofComprehensive<br>Income||||
|Statement of Financial|Position||10|
|Statement ofChanges|in Reserves|||
|Statement ofCash Flows|||12|
|Notes to the financial|statements||13-23|





## 

||LEGAL AND ADISINISTRATIVE|LEGAL AND ADISINISTRATIVE|INFORNIATION|INFORNIATION|
|---|---|---|---|---|
||forthe year ended 31 December 2020||||
||The Trustees who have swved from 1||January 2020 up to the date ofaPproval ofthe accounts||
|EX43FFICIOTRUSTEES|Mayor Rokhsana<br>Fiaz||(appointed|27th May 2021)|
||Vicar ofWest Ham —Simon Nichogs||(appointed|27th Msy 2021)|
||Bryan Coaler||(resigned 27th May 2021)||
||Rev Alex Summem||(resigned 27th May 2021)||
|NOMINATIVE TRUSTEES|Councillor Winston Vaughan||(resigned 27th May 2021)||
||Cgr Shaban Mohammed||(appointed|27th May 2021)|
||Cllr John Whitworth||(appointed|27th Mey 2021)|
||Cllr Charlene<br>McLean||(appointed|27th Mey 2021)|
||Cllr Ann Easter||(appointed|27th May 2021)|
||Cllr Mum taz Khan||(appointed|27th May 2021)|
|CO-OPTAllVE TRUSTEES|Ms Marie Collier||(resigned 27th May 2021)||
||Mr Henry Potter (Secretary)||||
||Coundllor<br>Winston Vaughan||(appointed|27th Mey 2021)|
||Bryan Coffler||(appointed|27th May 2021)|
|REGISTERED OFFICE|29-35West Ham Lane||||
||Stralford||||
||London||||
||E154PH||||
|AUDITORS|Beaver and Struthem||||
||15Bunhig Row||||
||London||||
||EC1Y8LP||||
|PRINCIPAL BANKERS|National Westminster|Bank PLC|||
||Gredley House||||
||1-11Broadway||||
||Skafford||||
||London||||
||E154DX||||
|REGISTERED PROVIDER OF|A3311||||
|SOCIAL HOUSING NUMBER|||||
|ALMSHOUSE NUMBER|1851||||
|REGISTERED CHARITY NUMBER|207309||||





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REPORT OF ThE INDEPENDENT ALKJrroRS
TO THE TRU8TEES OF
IIESTHAII NON.ECCL£8IASllCALCHARrrY
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¥erbDn 154 pflm Aci.
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49gr•g8ie. thoycoubj rel￿nIblY ￿ •xpeci8d ID InnueFK4 thi icvnomt dK*ions OT uurd 1gk•fj ￿the b05￿ of Ihew fi￿n￿*1
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ck4rl11￿ Act 2011, tr•SIow•MoI ￿¢0mmIn￿o0 PracUc• for ￿￿tar1d prov￿Or*.. Houiln9 SORP 2018. tho Houilno
and R￿n￿allOnAcI 2LVa. Attowiing DII•Cllonfor Pr1¥4t• R•glRioMd ProV￿•rn of SO￿*1 Hou•lrvJ 2019, l•q1￿￿￿On, •nd
h*￿th i*f•tyl•gl•l•Yon.
W• anq￿re0 ofthg TruJk••4nd •nd Tru•th*i nwiiw n4nutsifot•V1d•￿ of ron.QOnWll8ne•
rethinl •n¢ r•gul•ii¢n8. W• r•v1*￿￿ conlroll th• hiv• In ille•, there noc•iury,lo •r*ur• ¢¢mpllinp•.
W• galn•d •n undW6￿n￿ITh1 of Ih&cDnlrdi t￿1 lh• Truii••i h•v& In pl￿ to pr•veni •ndd•t•otfr4¢A. W• •nqulthl cf I
Trwleu AboL* Any InciderK*BofirDud th4t h4d tqk•n pt•ctt durlng tho •L*ounllry Ptsr￿d.
riik o11r•￿1 And no1￿0￿p11￿ W4nd r•oul*iionb fraL*I w48dl•cugi•d I￿lhI￿ th• 0￿11 t•*m Ifili ￿r*
phil[￿d ind wrformpd io •¢drfjJ8ihfru• rlsk•, Wo ￿•￿11[18￿ the PDl•nllal for f14ud In thè fol￿ty ifei8'. IMf•lqt•d to
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r]Vv 4iUvlU•*.
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W• perfDrrn￿ Jn•Wcil wo¢•dur•8 b Ideniifyqry orurw¢t•d rn1lik)n8hlp•ihin￿￿t1nJ￿1• rflk• of mththi
ml*$iaL*moni du•lD frnud.
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8••••¥•d Ihe ludq•n*nwm•dé In m•kino lccounlng •iNfflaM8￿r• Ir#Jc4U%• tl• poi•nd*l b*ts.
8•caLw•of th• inMr•ni llmltlllonÉ ol 4ud￿. IhDra li • dak IhqiwJ*lll n￿d810¢1*1 Irregullrtiiis, Indudlw tknM1••dlw 10
rn•l•rl•l mla•t•wrn¢ni In the 114￿moNIa cr non4omplLqrth wrth fetyJl•uon. T￿Ja ri*k irLie•A•i thè mor• th•., (thplthrhx
wlth i ￿WOrr•9￿1•￿Qn 18 rnm¢v•d Irtsm rh• •Vtnli llnd IrAn•*ciK)M ron•ctsd In tho #￿￿￿an￿, 44 ￿ thll ￿1•11 Ilk•lyto
Cofflq 4￿re ¢f Insiancots of nort￿mplI•￿￿. ThB rlBk ￿ èlio gre￿Or￿•1￿1n0 IlmgLIBrtlle•ocrthw d￿• tolr4ud r•thl •rthan
rror, 41 tr•￿ In¥olvoa In￿￿11¥￿•1 con￿1￿M￿nI. forg•ry. ￿lUIdOn. omiilion or mlsreprtienth￿n.
Afunh•idO8￿plI0n tsf our •¥•1￿￿￿* on ￿ Flnwc4ol R•poNry Couwi'4w8hll• It,. hitpi'.IhwM.frC.ug.￿W-
WorklA¢yJiVAUdll-•r*•w•n¢￿$t￿￿4ll49-*r&9ulé*rK￿ISI•￿d•ldl-1n￿U￿J•nGo-lor-*L¥jlt0￿IAthlt￿f￿-T•UpDN¥Ib1l￿M￿ty-
oudVO95thptlun-gf-wdl￿n￿IIponl1bhlly•9-f¢¢-iL￿l1.ISP%. Tttli d•icdpliOnf¢￿B Plrt ofour4udllN'ts r•port.
dourryort
Thll repJt li m•ai sol•lytOlhe ehorllrfi IrL0￿￿￿, a br*Jy. In •r¥xrdUK•￿Ittt P•1 4 of thCha￿ul￿ (A￿¢Un￿and R•port*l
R￿L￿allOr￿ 2006. Our4udll hwb bwn und•rtalon io ihalwo tnlght ¥lil• chqiillb Iruit4a• tho00 maii•r• we ir•
rqqulrgd to ¥1819 tglhèm In an8u01￿1.& Mpllrt •nd for no othar piirp08•. Ti Ihe [￿1￿￿1 gxionl pormllted by IAW. ￿ do ￿1 •e¢•pt or
•uum• re•poniibMllyts Ihp¢hwty•ntslh•¢MdWi Injotaoi ai • body,IcrowqL4111wJrf¢, lorlhlo r•port. Drfor
th• oplnbn•w• h•wforrn*J.
Bw¥wand 8tiuthqrt
Ch•rtsr•dAccounlv
8l•iu¢oryAudltuv
16&nhill Row
Lordon
ECIY8LP
D*t•:
29 June 2021
P•Jw 8






## 

## 




|||Ieconm arel|||
|---|---|---|---|---|
|||EependSura|Revaluegon||
|||Rooolvo|Rmuovo|Total|
|||2|5|9|
|Balance se stI Jonumy 2010||672,127|018,9H|1,401,073|
|Surplus I(do0ch) fmm Btctament ofComprehensive|Inaoms|22,910|200,800||
|Balance ct31Dccmnlmr HH9||004,027|1.110,755|1.714,692|
|Surplus I(de0clt) from Statement CIComprehensive|Income|40H40|IHLTSI|167,180|
|Bclchooct31 Qocomlmr HIBI|||||





## 

## 

## 

||||||2020|2019|
|---|---|---|---|---|---|---|
|||||Notes|||
|Nst cash generated fmm operadng|activities (see Note I)||||22,265|$0,4$2|
|Cash flow from investing<br>activities|||||||
|Purchase oftangible fixed assets<br>Interest received|||||~2687<br>24,962|2,602<br>~41184|
|Cash flow from financing<br>activities<br>Interest paid|||||~9<br>~9|~05<br>~05|
|Net change<br>In cash and cash equlvslenls|||||24,05$|41,000|
|Cash and cash equivalents<br>at beginning|||ofthe year||331,808|200438|
|Cash and cash equivalents<br>at end ofthe|||year|||5%%8'|
|Note<br>I|||||2020|2019|
|Cash flow from operating<br>activities|||||||
|Surplus<br>/ (deficit) for ihe year|||||48,440|22,010|
|Adjustments<br>fornon-cash gems:|||||||
|Depreciation<br>oftangible fixed assets|||||0,09$|0.004|
|Decrease<br>/ (increase)<br>in trade and other debtors|||||(20,110)|131|
|Increase /(decrease)<br>in trade and other creditors|||||(7,120)|14.368|
|Government<br>grants utllised<br>In the year|||||(4,341)|(4,$42)|
|Adjustmsnts<br>for Investing orfinancing||activities:|||||
|Interest payable|||||0|05|
|Interest receivable|||||(2,607)|(2,092)|
|Net cash generated from operating|activities||||||
|Note 8|||||2020|2010|
|Analysis ofcash and cash equivalents|||||||
|Current accounts|||||$12404|290,019|
|Deposit accounts|||||44,565|41,077|





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## 



||PRINCIPAL ACCOUNTING<br>POLICIES (Continued)|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2d|Social Housing<br>Grani (congnued)|||||||||||
||SHG due ormceivsd<br>in advance<br>ls Included ss e cunant a seater<br>lish ffy.|||||||||||
||SHG is subordinated<br>to the repayment<br>ofloans by agreement|wgh Homes|England.|||||||||
||SHG released on sale ofa properly<br>msy be repayable<br>but ls|not nonnaly<br>available<br>tobe recyctad|||end|||||||
||is crsdged to a Recycled Capital Gant Fund and Included<br>in|ths balance sheet credgors.||||||||||
||Where Individual<br>oomponents<br>are disposed<br>of and this does|nol crests a relevant<br>event for racycgng||||purposes,||||||
||any grant which has bean afocsted to Iha component<br>is released lo the Income snd sxpsndaura||||account.|||||||
||Upon disposal ofthe associated property,<br>lhe chaniy is required<br>to recycle||these pmceeds.|||||||||
|2e|Inveslmenls|||||||||||
||Fixed asset Investments<br>am recognised<br>iniliagy at cost and are induded<br>In||the Statement of|Financial||Posgcn at grs msdret value. Any change in valuation||||||
||between<br>rsporfng dales ls recognised<br>in Ihs Statement ofComprehensive||Income end Ihe gsiruloss ofinvestments|||||goes to the||revalaugon|mserves.|
|2f|Depmcislion|||||||||||
||Housing<br>Pm parties|||||||||||
||The Charily separately<br>idenliTies Ihe major components<br>whbh<br>comprise<br>Its||housing<br>pmperges,<br>and charges depmaetun,||||||so|||
||as to write down Ihe cost ofeach component<br>to Im estimated|residual<br>value, on e straight<br>line bash, over|||||its estimated<br>useful|||||
||economic Ife.|||||||||||
||The Chanty deprsciatee ths major components<br>of ils housbg|properties<br>over the fogowlng Ibes:||||||||||
||Structure - I20 years|||||||||||
||Roof - 60years|||||||||||
||Wiiidows - 30lvisrs|||||||||||
||Electrical<br>Inshgatbn -30years<br>Heegng System -20 years|||||||||||
||Boiler- la yama|||||||||||
||Bathroom -30years|||||||||||
||Kitchen - 20years|||||||||||
||Freehold<br>land is not depreciated.|||||||||||
|2g|Impairment|||||||||||
||Flnaroial assets sre assessed ateach mporling<br>dale to determine<br>whether there is sny objective evkience that a iinencial <br>gnanaal assets ls impaired.<br>Ifthere is objective evidence ofimpairment,<br>an impairment<br>loss is recognised<br>in progt or loss||||||||exeat orgroup of<br> Immediately.|||
||The fallowing<br>financial<br>instruments<br>ars assessed<br>Individually|ter impairment:||||||||||
||(a)<br>All equity instruments<br>regardless ofsignelcance;<br>and|||||||||||
||(b)<br>Other tlnanclal assets that am ndivldually<br>slgngcant.|||||||||||
||Giber gnsncisl instruments<br>ais aswrssed<br>for impairment<br>either iildhridually||or grouped<br>on the beets of|||cimiior credit rick chsrcctorlstics.||||||
||An impairment<br>loss is measured es follows on Ihe folkming<br>instruments<br>measured<br>atcostoramortlsed|||||cost:||||||
||Foran insbumenl<br>measured<br>alemoNsed<br>cost, ths impairment<br>loss is the differsnce <br>(a)<br>estimated<br>future cash flows discounted<br>atths asset's original effscfive interest rata.|||bsiwean ths asset's canylng|||||amount|and Ihe present value ofthe||
||Foran instrument<br>measured<br>atcost less impaiiment|Ihe impairment|loss is the difference||beeves||n Ihe easel's cenyln0 amount and||||the beet esgmets ofthe|
||(b)<br>amount that the enaty would receive forthe asset ifit|were to be sold st Ihe mporting||date||||||||
||If, in a subsequent<br>pedad, the amount efan Impairment<br>loss|decreases<br>and the decrease can be|||related objecdveiy|||lo en|evenl occuntng|||
||after the impalmisnl<br>wee recognised,<br>ths previously<br>recognised<br>impairment||loss is reversed|either|directly||or by adjusting||an egowence|||
||account. The reversal cannot msult In a carrying<br>amount (nst|ofarrf allowance account) which exceeds what ths canylng|||||||amount|would||
||have been had the impekmsni<br>not previously<br>been recognised<br>The amount ofthe reversal<br>is recognised||||||in profll or loss immediately.|||||
|2h|OlharFixsd Assets|||||||||||
||Other Axed assets are staled stcost less depreciation.|||||||||||
||Fixiume snd FStings aed Equlpmmlt|||||||||||
||Deprecbtion<br>ofgxtures and Ettings and aquipmsnt<br>Is provided|on e straight|fine bash to write|ogthe cost over Ihs||||||||
||expected useful lye. The rate ofdepreciation<br>is20IL|||||||||||
||Major Plant|||||||||||
||Depreciation ofmajor plant is provided<br>on a straight<br>line basis to wnte offthe cost over the sxpecmd|||||||||||
||useful Ife.The rate ofdepreciation<br>is 20'y.|||||||||||









|||||||||WEST HAM|NON.|NON.|ECCLESNSTICAL CHMETV|ECCLESNSTICAL CHMETV|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||NOTES TO THE|||FINANCIAL STATEMENTS||
|||||||||forthe Veer ended 31December 2020|||||
||||||||||||Congnued||
|Noise|||||||||||||
|3a|PARTICULARS OF|||TURNOVER||AND OPERATIHG SURPLUS|||||||
|||||||||Turnover|||OPemthlg|Operughg|
||||||||||||Costs|8umlus|
||||||||||2020||W20|2020|
|||||||||||E|2||
||sexual Housing||Lettinge||(nolo 3b)|||100,200|||(62rt56)|46,752|
|||||||||~(00RM|||62. 66|45,762|
|||||||||Turnover|||Opsradng|Opemgng|
||||||||||||coess|8urplus|
||||||||||2010||2010|2010|
||||||||||2||2|2|
||soolsl Housing Lemnge (mae 3b)|||||||111,355|||(91,172)|20,183|
|||||||||~ttt|355||0<br>7|20103|
|3b|PARTICULARS OF|||INCOME AND|||EXPENDITURE FROM SOCIAL|||HOUSING LETTINGS|||
||||||||||||Gertertll needs|Gsnaralnaede|
||||||||||||Housing|Houelrtg|
||||||||||||2020|2010|
||||||||||||2|0|
||Rent receivable net ofIdenggsble|||||samoa charges and voids|||||76,966|74,427|
||3ervice charge income||||||||||28,902|32,576|
||Gmnt amorgcagcn||||||||||4,341|4,342|
||Turnover<br>fiom|sacbl||housing<br>lstllngs|||||||||
||Management||||||||||20,206|26.401|
||3uvices||||||||||17,425|26,230|
||Routine meintaneroe||||||||||3,022|26,210|
||Ead Debt Expense||||||||||3,720|4,174|
||Dspreciatbn|ofhouslng|||propertbe||||||0,093|0,096|
||Other costs|||||||||||1,064|
||Oparaang coals on mmhl||||housing||lettlngs||||62486|91,172|
||Oparagng<br>surplus||on nuclei housing||||lsalnga||||||
||Void losses||||||||||||
||ACCOMMODATION|||OWNED, IWWAGED AND IN||||DEVELOPMENT|||||
||||||||||||2020|2019|
||Soelsl Housing||||||||||10|10|





## 

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## 

|||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||||||8|8|
||Investment<br>Income|||||||2,S80|2,804|
||Bank deposit|interest||||||17<br>lier|88<br>rea|
|5|INTEREST PAYABLE|||AND SEEILAR CHARGES||||||
|||||||||2020|2019|
|||||||||9|9|
||Bank charges|||||||9<br>9|65|
|8|NET INCOME|||||||||
|||||||||2020|2019|
|||||||||8|8|
||Surplus on ordinary sctivides||||before taxation isstated after charglng:-|||||
||Depreciation<br>of housing<br>Auditors'<br>remuneradon|||properties<br>(exduding||VAT) - external|audit|8,092<br>4.705|8,095<br>4,554|
||The external|auditors|provided||no|other services|In the year.|||



## 



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## 

|otes||||
|---|---|---|---|
|10|HOUSING PROPERTIES|Freehold||
|||Land &Buildings|Total|
|||6|6|
||Cost|||
||As at 1st January 2020|719,316|719,316|
||Additions|||
||As at 31 December 2020|719,316|719,316|
||Depreciation|||
||As at 1stJanuary 2020|292,299|292,299|
||Charge for the year|8,093|8,093|
||As at 31 December 2020|300,392|300,392|
||Nat BookValue|||
||As at 31 December 2019|427017,|427,017|
||As at 31 December 2020|410,924|410,024|





## 

## 

## 

## 

## 

|INVESTMENTS||||
|---|---|---|---|
|||2020f|2019f|
|Cost or valuation||||
|As at 1 January 2020||||
|Cost||21,609|21,609|
|Valuation||1,141,364|940,555|
|Additions||||
|Disposals||||
|Revaluation<br>As at 31 December 2020||108,749<br>Tgs~|200,809|
|Impairment<br>As at 1stJanuary 2020||||
|Wdtten off||||
|Eliminated<br>on disposals||||
|As at 31 December 2020||||
|Net BookValue<br>As at31December 2020|||~141.38'|
|As at 31 December 2019||~1.141,<br>4||
|The Investments<br>comprise the|following:-|2020|2019f|
|The Charities<br>Official investment|Fund|||
|Income shares||13,101|13,101|
|Accumulation<br>shares||8,508|8,508|
|||g|21,636|





## 

## 

## 

## 

|||2020||2019|
|---|---|---|---|---|
|||8||2|
||Rent and service charges receivable<br>Less: provision for bad and doubfful debts|21,254<br>~7,738 <br>13,516||19,930<br> ~4.0101<br>15,912|
||Other Debtors|23,642||1,127|
|||37100|,|17,033|
|13|CASH AT BANK AND IN HAND||||
|||2020||2019|
|||8||2|
||Deposit account|||41,877|
||Current accounts|312,284<br>88AR||290.019<br>~&58|



## 

|||||2020|2019|
|---|---|---|---|---|---|
|||||8|2|
|Deferred capital||grant - (note 16)||4,341|4,341|
|Rent received|in advance|||9,204|10,933|
|Accruals||||12,661|10,224|
|Other creditors|||||7,828|
||||||33,326|
|CREDITORS -|AMOUNTS||FALLING DUE AFTER MORE THAN||ONE YEAR|
|||||2020|2019|
|||||8|8|
|Deferred capital||grant - (note 16)||164,957<br>~&hi~|169,298<br>~9<br>8<br>, 3|



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|||||NOTES|TOTHE FINANCIAL|TOTHE FINANCIAL|TOTHE FINANCIAL|STATEMENTS|STATEMENTS||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||for the year ended|||31December 2020||||||
|||||||Conffnued|||||||
|16|DEFERRED CAPITAL GRANT||||||||||||
||||||||||2020|||2010|
||||||||||6|||2|
||Asel1 January||||||||173,639|||177,981|
||Released to Income In the year||||||||(4,341)|||(4.342)|
||Aa at 31 December||||||||||||
||To be amonlsed<br>In|less then one year|||||||4,341|||4.341|
||To be amorssed<br>in|mom than one year|||||||104,957|||109,290|
||Total accumulated|government|grant||||||||||
||The total accumulated<br>government<br>grant and||||||||||||
||flnsnoisl assistance|received or|receivable st 31 December||||||520,920||||
|17|REVENUE RESERVES||||||||||||
||||||||||2020|||2010|
||||||||||6|||6|
||As et 1 January||||||||594,938|||572,128|
||Net movement<br>in funds||||||||48,430|||22,812|
||As st 31 December||||||||||||
||The principal affect ofadop0ng||FRS 102hss been||wsh regard to:||||||||
||(I) Hisiorically SHG wes disclosed nehed against the related|||||fined|assets.|It is now dissggregatsd|||snd|shown es de|
||within creditors.||||||||||||
||(ii) Deferred capital|grants are accounted for under the accruels model -whereby en element||||||||ofIhe|||
||grant ls amorlised|in line with the asset's uiilisstlon.|||On trens2ion||en adjustment||hss been made||||
||to rs6ect the emorlisalion<br>ofsuch grant|||to date and|to dlssggngats||the effect from net depreciation||||||
||previously<br>accounted for.The adjustment<br>also re0ects the review||||||of component||depreciation|undertaken||at the sa|
||adjustment<br>accounts for the increment|||in net funds.|||||||||
|18|INVESTINENT REVALUATION||RESERVE||||||||||
||||||||||2020|||2010|
||||||||||6|||2|
||Ae st 1stJanuary||||||||1,118,755|||918,946|
||Unreelised<br>surplus|I(deficit) on|investmsnts||||||108,740|||200,800|
||As at 31 December||||||||||||





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|The Charity's<br>financial<br>instruments|The Charity's<br>financial<br>instruments|The Charity's<br>financial<br>instruments|may be|enelysed as follows|enelysed as follows||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||8|8|
|Financial Assets|||||||
|Financial Assets Measured|at|Fair Value|||||
|Investments|||||1,250,113|1,141,364|
|Financial Assets Measured|at|Cost|||||
|Cash and cash equivalents|||||356,849|331,896|
|Financial Assets Measured|at|Amortised||Cost|||
|Rent and Service Charge Debtors|||||21,254|19,930|
|Other Debtors|||||23,642|1,127|
|Total Financial Assets|||||||
|Financial Liabilities|||||||
|Financial Liabilities Measured||at|Amortised||Cost||
|Trade Creditors|||||9,204|10,933|
|Other Creditors||||||7,828|
|Total Financial Assets|||||||





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