# ## ## ## |||Pages| |---|---|---| |Annual
Report ofthe|Trustee|1 —19| |Independent
Auditors'|Report|20 —22| |Statement
of Financial|Activities|23| |Balance Sheet||24| |Statement
of Cash Flows||25 —26| |Notes to Financial Statements||27 —46| ## ## ## ## ## ## ## # # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Overall grants award|Overall grants award|ed
by Housing
Pathways
Trust
in 2021-22 amounted
to E55,969(2021:E120,188).|ed
by Housing
Pathways
Trust
in 2021-22 amounted
to E55,969(2021:E120,188).|ed
by Housing
Pathways
Trust
in 2021-22 amounted
to E55,969(2021:E120,188).|ed
by Housing
Pathways
Trust
in 2021-22 amounted
to E55,969(2021:E120,188).| |---|---|---|---|---|---| |The main Pathways||Grants
programme
is funded
from the net rental
income derived
from our commercial|||| |shops at The Green,||Ealing, which
is split equally
between
branches
1 (Ealing) and 2 (Brentford).|||| |Our main programme|||strategy
is to fund work which
benefits
people
in communities.
We support|full|cost| |recovery and will|consider giving grants for up to 3years for organisations
that are able to demonstrate||||that| |they have monitored||and evaluated
their work, have learned
lessons and refined their approach,||and|have| |achieved
their stated||results.
However,
we do generally
limit our programme
to small organisations||defined|| |as those with an|annual||income of less than E100,000 a year.||| |Main programme|recipients
from branches
1 and 2 were as follows:||||| |Reel
ients|||Pro ect|Grant|| |MindFood|||MindFood
is an Ealing based charity supports
people with mental|E4,997|| ||||health
issues such as depression,
anxiety, and stress to improve
their||| ||||wellbeing
through
food growing
and horticulture.||| ||||MindFood
runs nature-based
courses that support
people to manage||| ||||and improve
their mental
wellbeing.
We teach||| ||||food-growing,
gardening
and other mindful
nature-based
activities to||| ||||hei
eo le tackle de ression and anxie||| |Into the Light|||Childhood
Abuse Support Project- supported
16women to improve|E3,850|| ||||their emotional
wellbeing
and tackle isolation
by connecting
them to||| ||||other survivors.
The project was a two 10-week psychoeducational||| ||||course for adult survivors
of childhood
sexual abuse
in Ealing. It||| ||||focused on the im act of sexual abuse
in adults.||| |The Log Cabin|||The Log Cabin Charity
fills the gap in service not offered by special|E4,800|| ||||schools
in the borough.
We run after school clubs, holiday playscheme,||| ||||weekend
clubs and Start2Together
for parents. The project supports||| ||||children
with disabilities
and/or
additional
needs from the age of5-15.||| ||||A large portion ofthe||| ||||children
are medically
complex and require 1:1care as well as||| ||||specialist facilities.||| |Ealing Street|||Ealing Street Pastors provide a vital role on the streets of Ealing
in the|E8,000|| |Pastors|||night-time
economy,
caring,
listening,
and helping
many young people,||| ||||helping
those with mental
health challenges
that have gone on to||| ||||affect their physical
and practical situations.
We have signposted
many||| ||||people towards services that are able to help them make a positive||| ||||step
in their lives.||| ## |||||Housln
P
hw
sTrust
Annual
Re ort ofthe Trustees
ForThe Year Ended 31st March 2022||| |---|---|---|---|---|---|---| |Covid 19- Emergency||||Grant||| |Pathways|has also||launched
a Covid-19 Emergency
Grant
to help
support
local charities||working|with| |vulnerable|communities|||impacted
by Covid-19 since the start ofthe Pandemic.
For April 2021|to March|2022,| |we have paid||the grants to the following
organisations:||||| |Reci ients:||||Pro ect|Grant|| |||||The project will cover costs of helping
vulnerable
residents
with|E1,500|| |Ealing Mencap||||disabilities,
carers, and parents ofyoung children
with special
educational
needs who have had issues with social services, day||| |Advice Consortium||||services, residential
homes, care agencies and care assessments.||| |Fellowship||||Following the pandemic,
the project delivers a digital channel
to|E1,500|| |Educational||Society||academically
and emotionally
support
over 50 disadvantaged||| |||||migrant
families
in West London through
online guided
learning||| |||||activities and wellbeing
sessions as well as providing
consultancy,||| |||||interpreting,
and befriending
support
over the phone.||| |Headway|West|||The Project focus is on supporting
brain injury survivors
within
their|E1,500|| |London||||local community
during their rehabilitation
process, enabling
them||| |||||to develop self -management
skills to cope with the often-||| |||||catastrophic
changes to their lives. COVID19 has exacerbated
many||| |||||ofthe problems
survivors
and their families face and many have||| |||||been
in the extremely
vulnerable
category. Some faced||| |||||homelessness
and many carers themselves
became traumatised.||| |||||We are providing
vital virtual
support
via the phone, What's
App,||| |||||Zoom, newsletters,
emails, social media and from our website.||| |Next Step||||The programme
was set up to support
students
from|E1,000|| |Foundation||||disadvantaged
backgrounds
through
the process of applying
to||| |||||selective
UK universities
It costs E500 for a student to participate||| |||||on this programme
which runs for 9 months. This includes
skills are||| |||||rarely covered
by these pupils'
standard
curriculum.
Such as in||| |||||person tutoring,
extension
lectures,
personal
statement
help and||| |||||interview
prep.||| |Young Roots||||Young Roots works with young
refugees and asylum
seekers aged|E1,500|| |||||11-25 in London,
supporting
them to improve their wellbeing
and||| |||||mental
health,
and to fulfil their potential.
We work with young||| |||||people through 1:1intensive
casework support to resolve a range||| |||||ofcomplex and often critical issues; weekly sporting
and youth||| |||||activities at our Advice
lk Support
Hubs and weekly youth clubs;||| |||||and access to specialist
legal and therapeutic
support.||| |Woman's|Trust|||The project was used for 22 person-centred
counselling
sessions for|E1,500|| |||||women affected by domestic abuse (DA) from your area of benefit||| |||||in Ealing, provided
by DA specialist counsellors
Women access an||| |||||initial session and then up to 18weekly sessions. Counsellors
help||| |||||women ex lore
understand
and recover from their ex eriences.||| |||||Dereco
nition of
reviousl
accrued
rants|E15000|| |||||Total|E15 147|| ## ## # ## ## |Church
Community||project|||Amount| |---|---|---|---|---|---| |Christ the Saviour||Provide and co-ordinate
series||of workshops|E2,000| |||for church members to engage||with and|| |||improve
racial awareness
and||interaction|| |St john' s, West Ealing||Funding
activities for a midweek
elders support|||E2,000| |||Iou|||| |Living Waters Arabic Church||Developing
the work of the|LWAC radio app||E2,000| |St Barnabas,
Pitshanger||Developing
marketing
material|||E2,000| |St Martin' s, West Acton||projector|||E1,600| |Holy Cross, Greenford||New Noticeboards|||E2,000| |StThomas's,
Hanwell||New Noticeboard|||E2,000| |Southall
Parish||Develop old church
building|as|community|E2,000| |||minist|||| |Southall
Group Ministry||Develop a prayer
labyrinth|||E1,985| |St Nicholas,
Perivale||Delivery of Invitation
pack|Presence at Perivale||E2,000| |||Festival Open gardens
and|use|creatively|| |The Ascension,
Hanger|Hill|Live streaming
tech for broadcasting|||E2,000| |St Peter' s, Ealing||Live streaming
tech|||E2,000| |St Mary' s, Ealing||Live streaming
and processing||equipment|E1,500| |||developing
digital services|||| ## ## ## |istributive
grants (continue|d)||| |---|---|---|---| |Church Community|project||Amount| |St Stephen's,
Ealing|Live streaming
tech||E2,000| |St Dunstan's,
East Acton|Live streaming
equipment||E2,000| |Dak Tree Fellowship|Updating
live streaming|equipment|E1,916| |All Hallows, Greenford|Live streaming
equipment||E1,820| |St Mary' s, Northolt|Live streaming
equipment||E2,000| |StJoseph the Worker|Live streaming
equipment||E2,000| |St Hugh's,
Northolt|Live streaming
equipment||E2,000| |St Mary, Norwood
Green|New noticeboard
and live||E2,000| ||streamin
e ui ment||| |St George' s, Southall|Streaming
equipment||E2,000| ||Return of unspent
funds||(E2,000)| |||Total|E40,821| ## ## ## ## ## ## |Value for Money Key Metrics|||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||HfOP||| ||||||||peer|Housing|Housing| ||||||||group|Pathways|Pathways| |i. Reinvestment
'/o|||||||2021-22|avera e|Trust| |Considers the investment
in properties
(existing stock as|||||||||| |well as new supply) as a percentage|||ofthe|value of||total|||| |ro erties held.|||||||2.45%|2.02%|107o/o| |2.
New Supply Delivered
o/o|||||||||| |The number of new social housing||and non-social
housing|||||||| |homes that have been acquired|or|developed|||in the|year as|||| |a proportion
of total social housing||and non-social
housing|||||||| |homes owned at period end.|||||||||| |A. New supply
delivered
(Social|housing
homes)||||||0%|0%|Oo/o| |B.New su
I
delivered
Non-social|||housin||homes||0%|0%|Oo/o| |3. Gearing
o/o|||||||||| |Assesses how much ofthe adjusted|||assets|are made||up of|||| |debt and the d
ree of de endence|||on debt||finance.||3%|4.63|2 68o/o| |4. Earnings Before Interest,|Tax, Depreciation,||||||||| |Amortisatlon,
Major Repairs|Included|||(EBITDA MRI)|||||| |Interest Cover o/o.|||||||||| |A key indicator for liquidity
and investment||||capacity.|||||| |Measures the level ofsurplus
generated
compared to|||||||||| |interest
a able|||||||381%|1566%|293o/o| |S. Social Housing Cost Per Unit|||||||||| |The headline
social housing cost|per||unit as||defined|by the|E5,792|E6,243|ES,675| |R
ulator|||||||||| |6. Operating
Margino/o|||||||||| |Demonstrates
the profitability
of operating||||assets before|||||| |exceptional
expenses are taken|into||account.||Increasing||||| |margins are one way to improve|the||financial||efficiency ofa||||| |business.|||||||||| |A. Operating
Margin (social housing|||lettings||only)||9%|5.41%|9.16o/o| |B.Operating
Margin
(overall) after||adjusting|||for impairment||||| |and mer er costs|||||||7g5%|17.08%|22 84o/o| |7
ROCE o/o|||||||||| |Compares the operating
surplus|to|total|||||||| |assets less current
liabilities.
An|assessment||||ofthe efficient||||| |investment
ofca
ital resources.|||||||0.80%|1.28%|1Bio/o| ## ## ## |||||Hfop||| |---|---|---|---|---|---|---| |||||peer|Housing|Housing| |||||group|Pathways|Pathways| |Cost|r home|||2021-22|avera
e|Trust| |Management||costs|||2,494|2,553| |Service|charge costs||||764|796| |Routine|maintenance||cost||2,031|1,787| |Planned|maintenance|||||| |Major repairs||expenditure|||954|539| |Other social||housing|costs|||| |Total||||E5,792|E6,243|E5,675| ## ## ## ## ## ## |e
Per|formance
Indic|ators|||||| |---|---|---|---|---|---|---|---| ||||||Housing|Housing|Housing| |||||HfOP|Pathways|Pathways|Pathways| |||||2021-22|2021-22|2020-21|2019-20| |Current|resident annual|WMC collection rate||99.82%|104%||103.2%| |Current|resident arrears|as a %of the annual|WMC|085%|2%|2.31%|2.73%| |Homes|with a valid Gas|Safety Certificate %|||100%|100%|100%| |All reactive repairs completed
within target time %||||98.2%|72%|81%|BS%| |Emergency
repairs completed
within target time %||||100%|Sg%|78%|79%| |Urgent|repairs completed|within target time|%|96.9%|70%|78%|82%| |Routine|repairs completed
within target time||%|962%|71%|87%|93%| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||Ch
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LL| ## ## |||Notes||2022||2021| |---|---|---|---|---|---|---| |Fixed Assets||||||| |Housing
Properties||10||6,662,655||6,803,292| |Investment
Properties||11||4,790,000||4,048,000| |Other Fixed Assets||12||1,382,724||1,401,885| |Social Investments||14||||| |Investments||15||3851 194||3 667 656| |||||16,686,573||15,920,033| |Current Assets||||||| |Trade and Other Debtors||16|141,650||221,905|| |Cash and Cash Equivalents|||1009516||636441|| ||||1,151,166||858,346|| |Creditors:
Amounts
within one year|falling due|17|~306073||372 415|| |Net Current Assets||||845,093||485,931| |Creditors:
Amounts|falling due|||||| |after more than one year
Provisions for liabilities||18
22||(1,325,921)
~757000||(1,407,995)
~252 000| |Net Assets||||E16,048,745||E14,746,769| |Funds||||||| |Permanent
Endowment||19||9,376,403||8,628,707| |Restricted
Funds||19||1,886,998||1,911,091| |Unrestricted
Funds||19||4 705 344||4 2D6 971| |Total Funds||||E16,048,745||E14,746,769| ## ## ## |||||Notes|2022|2021| |---|---|---|---|---|---|---| ||||||E|E| |Net Cash generated
from Operating||Activities|||498,960|215,730| |Cash Flows from Investing
Activities||||||| |Capitalised
works to existing
housing|properties||||(71,191)|(42,790)| |Purchase of other fixed assets|||||(540)|| |Repayments
of Social Investments|||||1,743|436| |Proceeds from sale of investments|||||725,349|328,039| |Additions to investments|||||(708,104)|(494,651)| |Investment
management
fees|||||(22,012)|(21,437)| |Investment
income and bank interest|received||||96632|87 009| |Net Cash generated
from/(used
in)||Investing|Activities||21 877|143 394| |Cash Flows from Financing
Activities||||||| |Interest paid
Repayment
of Loans|||||(32,988)
~594115|(33,436)
~58318| |Net Cash (used in)/generated
from||Financing|Activities||92393|91754| |Net Change in Cash and Cash Equivalents|||||428,444|(19,418)| |Cash and Cash Equivalents
atthe|beginning||ofthe year||737 931|757 349| |Cash and Cash Equivalents
at the|end ofthe||year||El 166 375|6737 931| |A
Cash Flows from Operating|Activities|||||| |Net Income/(Expenditure)
for|the year||||1,235,976|746,716| |Depreciation|||||222,633|221,345| |Income from Investments|||||(97,916)|(97,778)| |Interest
Payable|||||37,988|35,436| |Investment
management
fees|||||22,012|21,437| |Decrease/(Increase)
in Debtors|||||74,177|(32,476)| |Increase/(Decrease)
in Creditors|||||(89,011)|(22,358)| |(Decrease)/Increase
in Pension||Provision|||(34,000)|(37,000)| |Disposal offixed assets|||||8,896|(1,183)| |Reversal of impairment
of Social||Investments|||(1,743)|(436)| |(Gains)/Losses
on Investments
Revaluation
of investment
property|||||(138,052)
~742 000|(617,973)| ||||||E498 960|E215730| |8
Cash and Cash Equivalents||||||| |Bank Balances|||||1,009,516|636,441| |Investment
Managers
Cash|||||156 859|101490| ||||||El 166375|6737 931| ## ## ## ## |Reco|nciliation
of Net Debt|||| |---|---|---|---|---| |||At01.04.21|Cash Flows|At31.03.22| |||6|F.|6| |Cash|and Cash equivalents|737,931|428,444|1,166,375| |Loans|falling due within one year|(54,000)|(3,639)|(57,639)| |Loans|falling due after more than one year|(1,337,089)|63,044|(1,274,045)| |Total||~5653 158|E487 849|~5165399| ## ## ## ## |Land||||not depreciated| |---|---|---|---|---| |Main fabric||||Over 70 years| |Roof structure||and|covering|Over 70 years| |Windows
ik|external||doors|Over 30years| |Gas boilers||||Over 15years| |Kitchen||||Over 20 years| |Bathrooms/WCs||||Over 30years| |Mechanical|systems|||Over 30 years| |Electrics||||Over 40 years| |Fire alarms/warden|||call|Over 15years| ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## |2.|Income f|r|om Charitable
Activities||| |---|---|---|---|---|---| |||||2022|2021| |||||E|E| ||Almshouse||Accommodation||| ||Maintenance||contributions|850,213|844,819| ||Services contributions|||121506|133040| |||||971,719|977,867| ||Allotments||||| ||Allotment|rents||25 960|22 644| |||||E997679|E100D 511| |3.|Income from Other Trading Activities||||| ||Private Lets|||E77 135|E77 212| ## ## |Investment|Property||||| |---|---|---|---|---|---| |Rent receivable||||240,350|218,194| |Ground
rent|receivable|||3,950|3,950| |Service charges receivable||||68 41D|34 094| |||||312,710|257,038| |Investment|Income|86 Bank Interest||97916|97 778| |||||E410626|E354816| |Raising Funds|||||| |||||2022|2021| |||||E|E| |Investment|management||fees|22,012|21,437| |Investment|property|costs|||| |Management|86support costs|||50,895|53,199| |Maintenance||||18,022|28,749| |Insurance||||18,218|17,332| |Section 20 works||||36,214|| |Professional|fees|||15,915|| |Bad debts||||43,821|58,479| |||||E205 097|E179 196| ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||E|E| |Almshouse|Accommodation||||||| |Management||88|support|costs||337,004|357,503| |Services||||||105,031|127,174| |Maintenance||||||235,898|260,887| |Depreciation||||||202,932|202,518| |Disposals||||||(1,103)|(1,183)| |Bad debts||||||1,885|| |Interest payable||||||19535|19845| |||||||901,182|966,744| |Allotments|||||||| |Management||||||8,100|9,415| |Depreciation||||||1,194|1,194| |Maintenance||||||1,738|| |Support costs||||||11656|11848| |||||||22,688|22,457| |Grant-making|||||||| |Grants awarded|||to institutions|||55,969|120,188| |Grants officer||costs||||10,082|14,222| |Reversal of|impairment|||ofconcessionary|loan|(1,743)|(436)| |Support costs||||||11241|11425| |||||||75,549|145,399| |||||||E1018916|E1 134600| ## |Support Co||sts||| |---|---|---|---|---| ||||2022|2021| |Staff costs|||244,254|278,659| |Administration|||93,303|88,739| |Depreciation||of office property|17,633|17,634| |Professional|fees||4,846|(5,943)| |Bank charges||and sundries|2,490|602| |Loan interest|||13,453|13,591| |Pension costs and interest|||11,697|4,959| |Irrecoverable||VAT|13,640|22,462| |Governance|costs||9,480|9,000| ||||E410,796|E429,703| ## ## ## ## |osts charge|d to the Charity
is as follows:||| |---|---|---|---| |||2022|2021| |||E|E| |Wages and|salaries|206,243|205,486| |Social security costs||18,567|17,707| |Pension costs||11,237|9,008| |Redundancy||9,619|30,862| |Off-payroll|contractors|8,670|26,506| |||E254,336|E289,569| |to
key
management
person
E120,485).|nel
f|or their
servic|es
to|es
to|the
Cha|rity
am|oun|oun|ted
to E78,|499 (2021:| |---|---|---|---|---|---|---|---|---|---|---| |The number
of staff whose|total|remuneration|payable||by the|group|fell||in the band|E60,000 to| |E70,000 was
nil (2021:nil),|in the|band E70,000|to|E80,000was||nil (2021:|||nil), in the band E80,000|| |to E90,000 was nil (2021:nil), and||in the band E90,000|||to E100,000 was|||nil (2021:one).||| |Social Housing
Lettings —Sheltered
Housing||||||||||| |Maintenance
contributions|||||||||850,213|844,819| |Service charges receivable|||||||||121506|133048| |Turnover
from Social Housing||Letting|||||||971719|977867| |Management|||||||||337,004|357,503| |Services|||||||||105,031|127,174| |Routine and Cyclical Maintenance|||||||||235,898|260,887| |Property
Depreciation|||||||||202,932|201,644| |Bad debts
Operating
costs ofSocial|Housing
Lettings|||||1885
~882 750||||~947208| |Gain/(Loss)
on replacement|of components||||||||1,103|1,183| |Operating
surplus/(deficit)|on|Social Housing||Lettings|||||E90072|E31842| |Void Losses|||||||||55539|515 926| ## ## ## ## ## |Fixed Assets Housing
Properties||| |---|---|---| ||2022|2021| ||Total|Total| ||E|E| |Cost||| |As at 1st April 2021|8,826,445|8,790,835| |Works to existing properties
Disposals|71,191
~29 863|42,790
~7280| |As at 31st March 2022|8 877 773|8 826 445| |Depreciation||| |As at 1st April 2021|2,023,153|1,829,872| |Charge for the year
Disposals|202,932
~10967|201,644
~8363| |As at 31st March 2022|1215118|2 023 153| |Net Book Value at 31st March 2022|E6,662,655|E6,803,292| ## |||Ealing Green|Total| |---|---|---|---| |||E|E| |Fair Value|||| |As at 1st April 2021||4,048,000|4,048,000| |Additions|||| |Movement|in fair value|742,000|742,000| |As at 31st|March 2022|4 790 00tl|4 790 0tlo| ## ## ## ## |12.|Other Fixed As|sets||||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||Fixtures,||||| |||||||Fittings|88|||| ||||||Allotments|Equipment||Office|Total|| ||||||E|E||E|E|| ||Cost|||||||||| ||As at 1st April 2021||||798,881|8,732||679,846|1,487,459|| ||Additions|||||540||||540| ||Disposals|||||||||| ||As at 31st March|2022|||798881|9 272||679846|1487|999| ||Depreciation|||||||||| ||As at 1st April 2021||||9,980|5,055||70,539|85,574|| ||On disposals|||||||||| ||Charge for the year||||1 194|874||17633|19|701| ||As at 31st March|2022|||11 174|5 929||88 172|105|275| ||Net BookValue|||||||||| ||At 31st March 2022||||E787 707|E3 343||5591674|E1 382|724| ||At 31st March 2021||||f788,901|E3,677||E609,307|E1,401,885|| |13.|Capital Grants|||||||||| |||||||||2022|2021|| |||||||||E|E|| ||Aggregate amount||received|||||||| ||At 1st April 2021|and|31st March|2022||||E2,519,492|E2,519,492|| ||Released to Statement ofFinancial||||Activities|||||| ||At 1st April 2021|and|31st March|2022||||E2,519,492|E2,519,492|| ||Social Housing|Grant Carrying||Value||||||| ## ## ## ## |Social Investments||| |---|---|---| ||2022|2021| ||E|E| |Concessionary
loans||| |At 1st April 2021||| |Repayments
in the year|(1,743)|(436)| |Reversal of impairment|1 743|436| |At 31st March 2022||| ## ## |Fixed As|s|et Investments||||| |---|---|---|---|---|---|---| |||||2022||2021| ||||Unrestricted|Grassroots|Total|Total| ||||E|E|E|E| |Fair Value||||||| |At 1st April||2021|3,302,081|264,085|3,566,166|2,778,484| |Additions|||658,485|56,981|715,466|497,748| |Disposals|||(682,993)|(42,356)|(725,349)|(328,039)| |Realised|gains/(losses)||(10,778)|818|(9,960)|8,174| |Unrealised||gains/(losses)|142361|5 651|148 012|609 799| |At 31st March 2022|||3,409,156|285,179|3,694,335|3,566,166| |Cash Deposits|||150716|6 143|156 859|101490| ||||E3559872|E291 322|E3851 194|E3 667 656| |Fixed Interest|||151,212|15,284|166,496|358,208| |Equities and Unit Trust|||2,880,505|232,855|3,113,360|2,832,116| |Property|and Alternatives||377,439|37,040|414,479|175,842| |Cash|||150 716|6 143|156 859|101490| ||||E3559872|E291 322|E3851 194|E3 667 656| ## |Debtors||||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||E|E| |Residents'|Contributions||||20,186|24,358| |Provision|for Doubtful|Debts||||(5,090)| ||||||20,186|19,268| |Private Let and Investment|||Property|Debtors|112,066|165,289| |Prepayments
and accrued income|||||9,398|37,348| ||||||E141,650|E221,905| ## ## ## ## |Creditors: Amoun|ts
falling|due within one ye|ar|| |---|---|---|---|---| ||||2022|2021| ||||E|E| |Trade Creditors|||20,812|34,976| |VAT|||12,536|29,500| |Connected
parties:||||| |Housing
Pathways|||8,822|7,135| |Almshouse
86 Eleemosynary||Charity|4,237|34,061| |Pathways
Jubilee|Charity||52|| |Loans|||57,639|54,000| |Grants payable|||26,306|42,105| |Deferred
income|||68,046|68,038| |Accrued expenses|86Other Creditors||107 623|102600| ||||E306 073|E372416| |years, a|t an interest rate of 2.25% over base ra|te.|| |---|---|---|---| |Deferred|income at 1 April|68,038|78,154| |Income|recognised
in the year|(68,038)|(78,154)| |Amounts|deferred
this year|68,046|68,038| |Deferred|income at 31March|E68,046|E68,038| ## |Credit|ors: Amounts
falling due outs|ide one year|| |---|---|---|---| |Grants|payable||8,550| |Tenant|deposits|51,876|62,356| |Loans|(Note 17)|1,274,045|1,337,089| |||E1,325,921|E1,407,995| ||||NN
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IO|| ## ## ## ## ## ## ## ## ## ## |Net Assets|by Funds|||||| |---|---|---|---|---|---|---| ||||Permanent|Restricted|Unrestricted|2022| ||||Endowment|Funds|Funds|Total| ||||E|E|E|E| |Housing
Properties|||3,701,487|1,528,509|1,432,659|6,662,655| |Investment|Properties||4,790,000|||4,790,000| |Other Fixed Assets|||1,379,381||3,343|1,382,724| |Investments|||716,549|291,322|2,843,323|3,851,194| |Net Current|Assets/(Liabilities)||63,031|67,167|714,895|845,093| |Creditors
Due Outside
Provisions
for Liabilities||One Year|(1,274,045)||(51,876)
~757 tl00|(1,325,921)
~1571100| ||||E9 376403|El 886 998|E4 785 344|E16048 745| ||||Permanent|Restricted|Unrestricted|2021| ||||Endowment|Funds|Funds|Total| ||||E|E|E|E| |Housing
Properties|||3,759,155|1,564,473|1,479,664|6,803,292| |Investment|Properties||4,048,000|||4,048,000| |Other Fixed Assets|||1,398,208||3,677|1,401,885| |Investments|||693,763|286,796|2,687,097|3,667,656| |Net Current|Assets/(Liabilities)||66,670|59,822|359,439|485,931| |Creditors
Due Outside
Provisions
for Liabilities||One Year|(1,337,089)||(70,906)
~252 tl00|(1,407,995)
~252 ODO| ||||E8 628 707|E1911D91|E4 2116971|E14 746 769| ## ## ## ## |Present Values ofDef
Asset/(Liability)|ined|Benefit O|bligation,|Fair|Value ofAss|ets and Defined Be|nefit| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||E|| |Fair value of plan assets
Present value of defined|benefit obligation|||||1,039,000
1 196000|1,100,000
~2332000| |Surplus/(deficit)
in plan||||||(157,000)|(252,000)| |Reconciliation ofopening||and closing balances ofthe Defined||||Benefit Obligation|| |||||||2022|2021| |||||||E|E| |Defined benefit obligation
at||start of period||||1,352,000|1,089,000| |Current service cost||||||10,000|6,000| |Expenses||||||3,000|3,000| |Interest expense||||||29,000|26,000| |Contributions
by plan participants||||||4,000|4,000| |Actuarial
losses/(gains)|due|to scheme|experience|||(17,000)|(24,000)| |Actuarial
losses/(gains)|due|to changes|in demographic||assumptions|(19,000)|5,000| |Actuarial
losses/(gains)
due
Benefits paid and expenses||to changes|in financial|assumptions||(105,000)
~92 DDQ|272,000
~29 000| |Defined benefit obligation at||end of period||||1196000|1 332 DQD| ## |Reconciliation
ofopening
and closing balances oft|he Fair Value ofPlan Assets|| |---|---|---| ||2022|2021| ||E|E| |Fair value of plan assets at start of period|1,100,000|997,000| |Interest income|24,000|24,000| |Experience
on plan assets|(75,000)|58,000| |Contributions
by the employer|47,000|46,000| |Contributions
by plan participants
Benefits paid and expenses|4,000
61000|4,000
~29000| |Fair value of plan assets at end of period|1039000|1 100 DDD| ## ## ## |Defined Benefit costs recognised|Defined Benefit costs recognised|Defined Benefit costs recognised|Defined Benefit costs recognised||in Net Income/(Expenditure)|in Net Income/(Expenditure)|in Net Income/(Expenditure)|in Net Income/(Expenditure)|in Net Income/(Expenditure)||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2022|2021| |||||||||||E|E| |Current service cost||||||||||10,000|6,000| |Less: amount
allocated to other group|||||charities|||||(3,303)|(3,041)| |Expenses||||||||||3,000|3,000| |Net interest expense||||||||||6 DllD|2 OQD| |||||||||||14,697|7,959| |Defined Benefit costs recognised|||||in Other|Gains and||Losses|||| |||||||||||2022|2021| |||||||||||E|E| |Experience on plan assets||||||||||(75,000)|58,000| |Experience gains and|losses|arising||on the plan||liabilities||||17,000|24,000| |Effects ofchanges
in|the demographic||||assumptions||underlying||the||| |present value ofthe|defined|benefit||obligation||||||19,000|(5,000)| |Effects ofchanges
in|the financial||assumptions|||underlying||the|||| |present value ofthe|defined|benefit||obligation||||||105,000|(272,000)| |Actuarial
(loss)/gain|recognised
in||other recognised||||gains/(losses)|||66 OQQ|~296 DDll| ## ## ## ## ## |Assets|||2022
(6000s)|2021
(6000s)| |---|---|---|---|---| |Global Equity|||199|175| |Absolute
Return|||42|61| |Distressed
Opportunities|||37|32| |Credit Relative Value|||34|35| |Alternative
Risk Premia|||34|41| |Emerging
Markets|Debt||30|44| |Risk Sharing|||34|40| |Insurance-Linked|Securities||24|26| |Property|||28|23| |Infrastructure|||74|73| |Private Debt|||27|26| |Opportunistic
Illiquid||Credit|35|28| |High Yield|||9|33| |Opportunistic
Credit|||4|30| |Corporate
Bond Fund|||69|65| |Liquid Credit||||13| |Long Lease Property|||27|22| |Secured Income|||39|46| |Liability
Driven Investment|||290|280| |Currency
Hedging|||(4)|| |Net Current Assets|||7|| |Total Assets|||1,039|1,100| |Key Assumptions|Key Assumptions||2022
o/o per annum|2021
o/o per annum| |---|---|---|---|---| |Discount|Rate||2.79|2.18| |Inflation|(RPI)||3.54|3.27| |Inflation|(CPI)||3.17|2.87| |Salary Growth|||4.17|3.87| |Allowance|for commutation|of pension for cash at retirement|75%of maximum|75%of maximum| ||||allowance|allowance| |Male retiring
in|2022| |---|---| |Female retiring|in 2022| |Male retiring
in|2042| |Female retiring|in 2042| ## ## ## ## ## ## ## ## # # # ##