2020-12-31-accounts - Elizabeth Huggins Cottages Charity

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		Page
Charity Information
Report ofthe Trustees		2-5
Independent Examination Report
Statement ofComprehensive Income
Statement ofFinancial Position
Statement ofChanges in Reserves
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements		12
Detailed Income and Expenditure	Account	19

ln presenting a Value	ln presenting a Value	for	Money Statement	Money Statement	Money Statement	for 2020, Elizabeth	for 2020, Elizabeth	for 2020, Elizabeth	Huggins	Huggins	Huggins	Charity has adopted the Value for Money	Charity has adopted the Value for Money	Charity has adopted the Value for Money
Statement Metrics introduced				by the Regulator ofSocial Housing,						which are shown below.
1. Reinvestment		%
Works to existing				10,476		Housing properties		at				827,844
properties						valuation
														A/B
				10,476	A							827,844	B	127%
2. New Supply delivered %
a) Social Housing						b) Non-Social Housing
Units						Units
Total Social Housing					A	Total Non -Social							A
units developed	or					Housing units
acquired in the year						developed or acquired
						in the year
Total Social Housing				13		Total Social Housing						13
Units Managed	at					Umts Managed	at
period end						period end
						Total Non-Somal
						Housing Units
						Managed at period		end
				13	B							13	B
					A/B								A/B
3. Gearing
Short term loans						Housing properties			at			827,844
						valuation
Long term loan
Cash and cash			(166,008)											A/B
equivalents		~66.008										827844		~2006'/
4. Earnings	before Interest, Tax, Depreciation, Amortisation,										Major Repairs Included
(KBITDAMRI) Interest Cover %
Operating			32,802			Interest capitalised
surplus/(deficit)
+Interest receivable				935		Interest payable	and
						financing costs
+Total depreciation			4,538											A/B
charge
			38,275		A

	Income &	Property	Designated	Investment	Total
	expenditure	revaluation	reserves	revaluation
	account	reserve		reserves
	f.
Balance at 1stJanuary 2019	504,073	398,798	9,156	13,679	925,706
Surplus from statement of
comprehensive income	64,809				64,809
Increase/(decrease) in market value ofinvestments	~4,471			4,471
Balance at 31stDecember 2019	564,411	398798	9 156	18 15D	99D 515
Surplus from statement of
comprehensive income	35,622				35,622
Increase/(decrease) in market value ofinvestments	~3.885			1,885
Balance at 31stDecember 2020	598,148	398,798	9,156	20,035	1,026,137

				2020	2019
			Notes	8
Cash Aews from operating	activities
Cash generated from operations				37,782	61469
Net cash from operating activities				37,782	61,469
Cash flows from investing	activities
Purchase oftangible fixed assets				(10,476)	(17,420)
Interest received				935	943
Net cash from investing activities				~9,541)	~16,477)
Increase in cash and cash	equivalents			28,241	44,992
Cash and cash equivalents	at beginning	of
year			2	137,767	92,775
Cash and cash equivalents	at end ofyear		2	166,008	137,767

RECONCILIATION	OF OPERATING SURPLUS TO CASH GENERATED FROM OPERATIONS	OF OPERATING SURPLUS TO CASH GENERATED FROM OPERATIONS	OF OPERATING SURPLUS TO CASH GENERATED FROM OPERATIONS
		2020	2019
Operating surplus		33,737	60,338
Depreciation charges		4,538	4,538
Finance income		~935)	~943
		37,340	63,933
Decrease/(Increase) in Decrease in trade and	trade and other debtors other creditors	1,398 ~956	(1,226) ~1238)
Cash generated from	operations	37,782	61,469

2.		TURNOVER
		Income from	lettings
					Number ofunits	managed by
					Registered Social	Landlord at
					31December	1January
					2020	2020
		Housing units			13	13
					2020	2019
					Total	Total
					f
		Gross rents			73,841	71,471
		Rent losses from voids			(2,885)	(1,235)
		Rent losses from bad debts
		Management	charges
		Total income	trom lettings		70,956	70,236
3.		OPERATING SURPLUS
		The operating	surplus	is stated after charging:
					2020	2019
		Depreciation	- owned	assets	~4538	4,538
4.		OTHER INCOME
					2020	2019
		Donations received				30,251
						30,251
	5.	INTEREST RECEIVABLE AND SIMILAR INCOME
					2020	2019
						f
		Deposit account interest			32	58
		Interest income			903	885
					935	943

The carrying amount ofassets held at valuation i	sas follows:
	Housing
	Properties
		Total	Total
	2020	2020	2019
		f
Amount ofrevaluation	398,798	398,798	398,798
Historic cost	409,517	409,517	409,517
	808,315	808,315	808,315
FIXEDASSETINVESTMENTS
			Listed
			investments
COST OR VALUATION
At 1st January 2020			29,473
Revaluations			1,885
At 31stDecember 2020			31,358
NET BOOK VALUE
At 31stDecember 2020			31,358
At 31stDecember 2019			29,473

8.	FIXEDASSETINVKSTMKNTS	- continued
	Historical cost information
			2020	2019
	The historical costofinvestments	held at
	valuation is as follows:
	Historical cost		11,323	11,323
9.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
	Rent ledger		5,045	6,479
	Prepayments and accrued income		1,154	1,118
			6,199	7,597
	Included in the rent ledger are arrears of6980(2019:f.1,983).
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
	Rent ledger in advance		2,338	1,593
	Accruals and deferred income		2,932	4,633
			5,270	6,226