2021-12-31-accounts

			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

TRUSTEES:	Mr A R Pritchard	(Chairman)	(Chairman)
	Mr EBrook (Vice Chairman)
	Mrs KHurdle (Treasurer)
	Mr David Hurley	(Secretary)
	Mr JBurden
	Mr CMeredith
	Mrs KToor
	Mr N Wilde (appointed		19eMay	2022)
SECRETARY:	Cllr David Hurley
TREASURER:	Mrs KHurdle
REGISTERED OFFICE:	c/o Gravesend Churches		Housing	Ass Ltd
	14London Road
	Gravesend
	Kent
	DA11 9JQ
REGISTERED NUMBER:	A3205
CHARITY NUMBER:	209211
INDEPENDENT EXAMINERS:	Beak Kemmenoe
	Chartered Accountants
	1-3Manor Road
	Chatham
	Kent
	ME4 6AE
BANKERS:	Barclays Bank Pic
	New Road
	Gravesend
	Kent

1. Reinvestment	1. Reinvestment	1. Reinvestment	%
Works to existing			162,742			Housing	properties			at	977,215
properties						valuation
			16» 2								977.215	B	A/B 16.65%
2. New Supply delivered				/B
a) Social Housing						b) Non-Social			Housing
Units						Units
Total Social Housing					A	Total Non		-Social
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					Units Managed			at
period end						period end
						Total Non-Social
						Housing	Units
						Managed	at period			end
			13		B
												A/B
3. Gearing
Short term loans						Housing	properties			at	977,215
						valuation
Long term loan			130,744
Cash and cash			(134,024)
equivalents			~380		A						911213	0 ~03 '1,
4. Earnings	before Interest, Tax, Depreciation,							Amortisation,			Major Repairs Included
(EBITDAMRI)		Interest Cover %
Operating			30,855			Interest capitalised
surplus/(deficit)
+Interest receivable			925			Interest payable			and
						financing	costs
+Total depreciation			3,094
charge
+Loss on disposal			102 ~606		A							B

			2021	2020
		Notes		6
TURNOVER			69,151	70,956
Administrative expenses			~100006	38,154
OPERATING (DEFICIT)/SURPLUS		3	(30,855)	32,802
Other income
Interest receivable and	similar income	4	925	935
RETAINED (DEFICIT)/SURPLUS FORTHE YEAR			(29,930)	33,737
Unrealised movement	on investment
revaluation			4,448	1 885
(DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR			~25 482)	35,622

			2021		2020
		Notes
FIXEDASSETS
Tangible assets Investments				977,215 35,806		827,842 31 358
				1,013,021		859,200
CURRENT ASSETS
Debtors Cash at bank			5,425 134,024		6,199 ~166008
CREDITORS			139,449		172,207
Amounts falling due within one year			21,071		5,270
NET CURRENT ASSETS				118378		366637
TOTAL ASSETSLESSCURRENT
LIABILITIES				1,131,399		1,026,137
CREDITORS
Amounts falling due atter one year		10		13074
				1~000,655		2 626,337
RESERVES
Property revaluation reserve Designated reserves Investment revaluation reserves Income and expenditure account				398,798 9,156 24,483 568,218		398,798 9,156 20,035 598,148
				1~000655		1 026,137

		Income dt	Property	Designated	Investment	Total
		expenditure	revaluation	reserves	revaluation
		account	reserve		reserves
					6
Balance atIst January 2020 Surplus from statement of		564,411	398,798	9,156	18,150	990,515
comprehensive income		35,622				35,622
Increase/(decrease) in market value ofinvestments		~1885			I 885
Balance at 31stDecember	2020	598 148	398798	9.156	2D 035	1026 137
(Deficit)/surplus from statement of
comprehensive income		(25,482)				(25,482)
Increase/(decrease) in market value ofinvestments		~44483			4448
0 I 31I0 0	21123	568 218	398,798	9,156	24,483	I ODD,655

			2021	2020
		Notes
Cash flows from operating	activities
Cash generated from operations			129833	37,782
Net cash from operating activities			129833	37,782
Cash flows from investing	activities
Purchase oftangible fixed assets Interest received			(162,742) 925	(10,476) 935
Net cash from investing activities			~161817	~9541
Cash flows from financing	activities
Proceeds from loans			130744
Net cash from financing activities			130744
Increase in cash and cash Cash and cash equivalents	equivalents at beginniag of		(31,984)	28,241
year		2	166,008	137,767
Cash and cash equivalents	at end ofyear	2	134,024	166,008

RECONCILIATION	OFOPERATING SURPLUS TO CASH GENERATED FROM OPERATIONS	OFOPERATING SURPLUS TO CASH GENERATED FROM OPERATIONS	OFOPERATING SURPLUS TO CASH GENERATED FROM OPERATIONS
		2021	2020
Operating(deficit)/surplus Depreciation charges Loss on disposal		(29,930) 3,094 10,275	33,737 4,538
Finance income		~925	~935
Decrease/(Increase) in trade and other debtors Decrease in trade and other creditors		(17,486) 774 15,801	37,340 1,398 ~956)
Cash generated from	operations		37782

Year	ended 31stDecember 2021
		31.12.21	1.1.21
Cash	and cash equivalents	134,024	166,008
Year	ended 31stDecember 2020
		31.12.19	1.1.19
Cash	and cash equivalents	166,008	137,767

	At 1.1.21	Cash flow	At.31.12.21
Net cash
Cash at bank	166008	~31,984	134024
	~166008	~31984)	134024
Total	166008		134024

2.	TURNOVER	TURNOVER	TURNOVER
	Income from lettings
					Number ofuoits	managed by
					Registered Social	Landlord at
					31December	IJanuary
					2021	2021
	Housing units				13	13
					2021	2020
					Totalf	Total
	Gross rents Rent losses from voids				73,121 ~3.970)	73,841 ~2,885)
	Total income from lettings				69 151	70 956
3.	OPERATING		SURPLUS
	The operating	surplus		is stated atter charging:
					2021f	2020
	Depreciation -	owned		assets	~3094	4,538
4.	INTEREST RECEIVABLE AND SIMILAR INCOME
					2021	2020
					f
	Deposit account		interest		4	32
	Interest income				921	903
					925	935

TANGIBLE FIXEDASSETS
	Housing	Housing	Totals
	Properties	Properties
		(under
		construction)
COST
At 1stJanuary 2021	808,315	84,357	892,672
Additions		162,742	162,742
Disposals	~34015		~34015)
At 31stDecember 2021	774,300	247,099	1 021,399
DEPRECIATION
At 1stJanuary 202!	64,830		64,830
Charge for year	3,094		3,094
Disposals	~23,740)		~23,740)
At 31stDecember 2021	44 184
NET BOOK VALUE
At 31stDecember 2021	~730 116	247,099	977,215
At 31stDecember 2020	~743 487	~84 357	827,844

	Housing
	Properties
		Total	Total
	2021	2021	2020
		f,
Amount ofrevaluation	398,798	398,798	398,798
Historic cost	375,502	375,502	409517
	774300	774300	808,315
FIXEDASSETINVESTMENTS
			Listed
			investments
			f
COSTOR VALUATION
At 1stJanuary 2021			31,358
Revaluations			4,448
At 31stDecember 2021			35,806
NET BOOK VALUE
At 31stDecember 2021			~35 806
At 31stDecember 2020			~31 358

			2021	2020
	The historical cost ofinvestments	held at
	valuation is as follows:
	Historical cost		11,323	]1,323
8.	DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR
			2021	2020
				6
	Rent ledger		4,226	5,045
	Prepayments and accrued income		1,199	~lt 54
			5,425	6,199
	Included in the rent ledger are arrears of81,983 (2020:6980).
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
				I
	Rent ledger in advance			2,338
	Other creditors		16,281
	Accruals and deferred income		4,790	2,932
			21 071	5,270

CREDITORS: AMOUNTS FALLING DUK	AFTER ONK YEAR
	2021	2020
	f
Otherloans	130,744

						2021		2020
Turnover
Dwelling rents						69,151		70,956
							69,151		70,956
Other income
Deposit account interest						4		32
Interest income						921		903
							925		935
							70,076		71,891
Expenditure
GCHA Management	Fee		on
Rent Collection GCHA Management	Fee		on			8,555		9,452
Maintenance Insurance						3,191 2,353		2,290 2,272
Light and heat						923		772
Ground Maintenance Repairs &Maintenance						5,420 28,560		4,841 11,816
Compensation for residents						35,217
Sundry expenses						242		25
Accountancy						1,008		1,008
Independent Examination			Fee			840		840
Subscriptions						328
Services by management			company					300
Housing properties	depreciation			charge		3,094		4,538
(Profit)/loss on housing		properties			disposal	10275
							~100006		38,154
NET SURPLUS							~29 930		~33 737