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||**Page**|
|---|---|
|Trustees' Report|1 −3|
|Independent Examiner's Report|4|
|Statement o f Financial Activities|5|
|Balance Sheet|6|
|Statement o f Cash Flows|7|
|Notes to the Financial Statements|8−14|





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||**Unrestricted**|**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
||**Note**|**Funds**|**Funds**|**2021**|**2020**|
|**Income**||||||
|Earned from charitable activities|**2**|109,265||109,265|107,580|
|Investment income:||||||
|Official custodian for Charinco shares||373||373|394|
|Donations||100||100||
|Other bank interest received||2||2|14|
|**Total income**||109,740||109,740|107,988|
|**Expenditure**||||||
|Costs o f raising funds||||||
|Expenditure on charitable activities|**3**|112,145||112,145|106,107|
|**Total expenditure**||112,145||112,145|106,107|
|**Net income/(expenditure)**||(2,405)||(2,405)|1,881|
|**Transfers**||||||
|Transfers between funds||||||
|**Net income/(expenditure) before**||||||
|**gains and losses on investments**||(2,405)||(2,405)|1,881|
|Net gains/(losses) on investments||69,235||69,235|35,932|
|**Net movement in funds**||66,830||66,830|37,813|
|**Reconciliation o f funds**||||||
|Balances brought forward at 1 January 2021|**10**|589,740||589,740|551,927|
|Balances carried forward at 31 December 2021|**10**|656,570||656,570|589,740|





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||**Note**||**2021**|||**2020**||
|---|---|---|---|---|---|---|---|
|**Fixed assets**||||||||
|Housing properties|**4**|||828,018|||828,018|
|Less:<br>Social housing grant|**4**|||(663,256)|||(663,256)|
|Accumulated depreciation|**4**|||(58,497)|||(53,919)|
|Tangible assets|**4**|||99,029|||101,316|
|||||205,294|||212,159|
|**Current assets**||||||||
|Debtors|**5**|2,090|||2,152|||
|Investments|**6**|482,814|||410,579|||
|Cash at bank and in hand|**7**|13,410|||12,540|||
|||||498,314|||425,271|
|**Creditors:**||||||||
|amounts falling due within one year|**8**|||(15,645)|||(13,569)|
|**Net current assets**||||482,669|||411,702|
|**Total assets less current liabilities**||||687,963|||623,861|
|**Creditors:**||||||||
|amounts falling due after more than|**9**|||(31,393)|||(34,121)|
|one year||||||||
|**Net assets**||||656,570|||589,740|
|**Funds**|**10**|||||||
|Designated reserves||||||||
|Routine maintenance||||91,399|||84,290|
|Cyclical maintenance||||100,016|||95,100|
|Extraordinary maintenance fund||||33,355|||33,355|
|Other reserves||||||||
|Investment revaluation reserve||||434,886|||365,651|
|Income and expenditure account||||(3,086)|||11,344|
|||||656,570|||589,740|





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|||**2021**|**2020**|
|---|---|---|---|
||**Note**|||
|**Net cash generated from operating activities**|**7**|6,102|8,221|
|**Cash flow from investing activities**||||
|Interest and dividends||475|408|
|Proceeds from sale o f investments||||
|Purchase of investments||(3,000)|(3,000)|
|Purchase o f fixed assets|||(4,680)|
|Repayment o f borrowings||(2,707)|(2,689)|
|**Net change in cash and cash equivalents**||870|(1,740)|
|**Cash and cash equivalents at 1 January**||12,540|14,280|
|**Cash and cash equivalents at 31 December**||13,410|12,540|





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|Housing properties|Structure|100 years|
|---|---|---|
||Roofs|70 years|
||Windows and external doors|30 years|
||Kitchens|30 years|
||Bathrooms|35 years|
||Electrics|40 years|
||Gas boilers|30 years|
||Communal fixtures|10 years|
||Central heating|30 years|
|Communal meeting room|Structure|100 years|
||Windows and external doors|30 years|
||Gas boiler|30 years|
||Kitchen|30 years|
|Landscaping and car parks||10 years|
|Sheds and allotments||20 years|
|Warden control system||10 years|



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|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2021**|**2020**|
|||**£**|**£**|**£**|**£**|
|Rental|income|109,265||109,265|107,580|
|||109,265||109,265|107,580|



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||**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|**2020**|
||**£**|**£**|**£**|**£**|
|Wardens salary|24,724||24,724|24,375|
|Telephone (warden)|850||850|780|
|Warden control (intercom)|2,291||2,291|2,300|
|Electricity|2,723||2,723|1,865|
|Gardening|6,375||6,375|3,875|
|Water rates|8,125||8,125|9,110|
|Window cleaner|104||104|88|
|Communal TV license|90||90|90|
|Mortgage interest|3,093||3,093|3,113|
|Routine maintenance|10,204||10,204|10,567|
|Cyclical maintenance|20,169||20,169|16,222|
|Depreciation|6,865|−|6,865|7,038|
|Support costs|||||
|Surveyors reports etc.|2,130||2,130|3,731|
|Insurances|2,643|−|2,643|2,570|
|Subscriptions|902||902|703|
|Sundry expenses|908|−|908|295|
|Fees−clerk|18,120||18,120|17,556|
|Loan arrangement fees|125|−|125|125|
|Accountancy fees|1,704|−|1,704|1,704|
||112,145||112,145|106,107|





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||**Landscaping**|**Landscaping**||**Warden **|**Communal**||
|---|---|---|---|---|---|---|
||**& Car**|**Sheds &**|**Housing**|**Control**|**Meeting**||
||**Parks**|**Allotments **|**Properties**|**System**|**Room**|**Total**|
|**Cost**|||||||
|1st January 2021|20,354|1,153|.828,018|8,987|95,373|953,885|
|Additions|||||||
|31st December 2021|20,354|1,153|828,018|8,987|95,373|953,885|
|**Social Housing Grant**|||||||
|1st January 2021|||(663,256)|||(663,256)|
|Additions|||||||
|31st December 2021|||(663,256)|||(663,256)|
|**Depreciation**|||||||
|**1st**January 2021|7,161|1,153|53,919|6,293|9,944|78,470|
|Additions|145||4,578|899|1,243|6,865|
|31st December 2021|7,306|1,153|58,497|7,192|11,187|85,335|
|Net book amount|||||||
|31st December 2021|13,048||106,265|1,795|84,186|205,294|
|1st January 2021|13,193||110,843|2,694|85,429|212,159|



|**Debtors**|**2021**|**2020**|
|---|---|---|
|Rent debtors|749|850|
|Prepayments and accrued income|1,341|1,302|
||2,090|2,152|



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|**6.**|**Investments**|||
|---|---|---|---|
|||**2021**|**2020**|
||**Cost or valuation**|||
||Market value at 1 January 2021|410,579|371,647|
||Additions at cost|3,000|3,000|
||Carrying value o f disposals|||
||Net unrealised (loss)/gain on revaluation o f investments|69,235|35,932|
||Market value at 31 December 2021|482,814|410,579|



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||**2021**|**2020**|
|---|---|---|
|Net movement in funds|66,830|37,813|
|Investment income|(475)|(408)|
|Add back depreciation charge|6,865|7,038|
|Losses/(gains) on investments|(69,235)|(35,932)|
|Decrease/(increase) in debtors|62|(427)|
|Increase/(decrease) in creditors|2,055|137|
|**Net cash used in operating activities**|6,102|8,221|
|**Analysis of Cash and Cash Equivalents**|||
|Royal Bank o f Scotland current account|543|521|
|Royal Bank o f Scotland high interest account|11,967|11,099|
|CCLA −Charities deposit fund|900|899|
||13,410|12,519|





|**Notes to the Accounts for the year ended 31 December 2021**|**Notes to the Accounts for the year ended 31 December 2021**|||
|---|---|---|---|
|||**2021**|**2020**|
|**8.**|**Creditors: Amounts falling due within one year**|||
||Mortgages −secured|228|207|
||Non −housing loan|2,500|2,500|
||Rent received in advance|4,204|3,757|
||Accruals and sundry creditors|8,713|7,105|
|||15,645|13,569|
|||**2021**|**2020**|
|**9.**|**Creditors: Amounts falling due after one year**|||
||Non −housing loan||2,500|
||Mortgages −secured|31,393|31,621|
|||31,393|34,121|
||**Maturity o f debt included above**|||
||Between one and two years|251|2,728|
||Between two and five years|914|831|
||In five years or more|30,228|30,562|
|||31,393|34,121|



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||**Balance**|||**Gains/**|**Balance**|
|---|---|---|---|---|---|
||**B/F**|**Incoming**|**Outgoing**|**Losses**|**C/F**|
||**£**|**£**|**£**|**£**|**£**|
|a) Routine maintenance fund|84,290|17,313|(10,204)||91,399|
|b) Cyclical maintenance fund|95,100|25,085|(20,169)||100,016|
|c) Extraordinary maintenance fund|33,355|−||−|33,355|
|d) Investment revaluation reserve|365,651|||69,235|434,886|
|e) Income and expenditure account|11,344|67,342|(81,772)|−|(3,086)|
|Total capital and reserves|589,740|109,740|(112,145)|69,235|656,570|





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