##
##
||||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||||||||
||||16ยป 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||
##
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||||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|
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|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|