2020-12-31-accounts

Trustees			Mr A Barr
			Dr MH Porter
			Dr AH Taylor
			Mrs SGreenwood
			Mr AM Davidson
			Mr ED Chantler	MBE
			Mr WH Peter (resigned		12 May 2021)
			Mrs S Hasler (resigned		10 February 2021)
			Mr JF Barr
			Mr MR Ballard
			Ms H Thorneloe
			Rev DrJ Huggins
			Mrs M McFarlane	(appointed		12 May 2021)
			Mr P Jarvis (appointed		12 May 2021)
Registered	number		211272
Principal address			The Homestead
			Grafty Green
			Maidstone
			Kent
			ME17 2AP
Accountants			MHA Maclntyre Hudson
			Chartered Accountants
			Victoria Court
			17-21 Ashford Road
			Maidstone
			Kent
			ME14 5DA
RSH registration		number	A4001
Treasurer			Mr WJ Collins FCCA
Clerk			Mrs J Rimmer

				2020	2019
			Note		E
Maintenance contributions				123,850	121,870
Investment income				666	911
Gross income				124,516	122,781
Operating expenditure				(113,424)	(113,835)
Surplus for the financial year				11,092	8,946
				11,092	8,946
Other comprehensive	income for the year
Gains/(losses) on revaluation		of investments		(4,461)	52,652
Total comprehensive	income for the year

					2020		2019
			Note				E
Tangible assets					623,470		636,782
Investments					96,944		100,130
					720,414		736,912
Current assets
Debtors				12,853		12,081
Current asset investments			10	15,792		17,067
Bank and cash balances				69,462		35,291
				98,107		64,439
Creditors: amounts		falling due within one
year				(18,528)		(7,989)
Net current	assets				79,579		56,450
Total assets	less current liabilities				799,993		793,362
Net assets
Capital and	reserves
Unrestricted	funds				799,993		793,362

			2020	2019
Cash flows from operating	activities
Profit for the financial year			11,092	8,946
Adjustments for:
Depreciation oftangible assets			24,918	24,918
Interest received			(666)	(911)
(Increase)/decrease in debtors			(772)	4,394
Increase in creditors			10,539	1,822
Net cash generated from operating		activities	45,111	39,169
Cash flows from investing	activities
Purchase oftangible fixed assets			(11,606)	(341,787)
Sale of unlisted and other investments				300,000
Income from investments				250
Dividends received			661	661
Net cash from investing activities			(10,940)	(40,876)
Cash flows from financing	activities
Repayment ofother loans				(787)
Net cash used in financing	activities			(787)
Net increase/(decrease) in	cash and	cash equivalents	34,171	(2,494)
Cash and cash equivalents	at beginning ofyear		35,291	37,785
Cash and cash equivalents	at the end ofyear
Cash and cash equivalents	at the end ofyear comprise:
Cash at bank and in hand			69,462	35,291

At 1		At 31
January		December
2020 f	Cash flows E	2020 E
35,291	34,171	69,462

		2020f	2019 E
Dividends	received	661	661
Interest receivable			250

Operating Surplus
	2020f	2019 E
Honoraria	14,690	14,245
Depreciation

		2020	2019
Turnover comprises:
Maintenance	contributions	111,810	110,140
Charge for	heating	12,040	11,730

	Freehold	Fixtures and
	property	fittings	Total
		E	F
Cost or valuation
At 1 January 2020	1,153,501	2,440	1,155,941
Additions	11,606		11,606
At 31 December 2020	1,165,107	2,440	1,167,547
Depreciation
At 1 January 2020	516,719	2,440	519,159
Charge for the year on owned assets	24,918		24,918
At 31 December 2020	541,637	2,440	544,077
Net book value
At 31 December 2020
At 31 December 2019

			Shares
Cost or valuation	ofaccumulation	shares
At 1 January 2020			100,130
Revaluations			(3,186)
At 31 December 2020

Debtors
			2020	2019
			E
Other debtors				88
Rent arrears			1,715	1,405
Maintenance	contribution	accrued income	11,138	10,588
Current asset investments
			2020f	2019

Creditors: Amounts	falling due within one year
		2020	2019
Other creditors		6,346	2,338
Accruals and deferred	income	12,182	5,651

			Net	Transfers
			movement in	between
		At 1/1/20	funds	funds	At 31/12/20
		E	E	E
Unrestricted	funds
General fund		693,232	9,817		703,049
Extraordinary	repair fund	100,130	(3,186)		96,944
					~C)~(g

Net movemen	t in fu	nds, included in th	e above are as follows:
			Incoming	Resources	Gains and	Movements
			resources	expended	losses	in funds
Unrestricted	funds
General fund			124,516	(113,424)	(1,275)	9,817
Extraordinary	repair	fund			(3,186)	(3,186)

					Net	Transfers
					movement in	between
				At 1/1/19	funds	funds	At 31/12/19
					F	E	F
Unrestricted		funds
General	fund			382,252	10,980	300,000	693,232
Extraordinary		repair	fund	349,512	50,618	(300,000)	100,130

Compara	tive	net mo	vement in funds,	included in the above are	as follows:
				Incoming	Resources	Gains and	Movements
				resources	expended	losses	in funds
							E
Unrestricted		funds
General	fund			122,781	(113,835)	2,034	10,980
Extraordinary		repair	fund			50,618	50,618
				k1	~gg@

		2020	2019
	Note		F
Maintenance contributions		123,850	121,870
Investment income		666	911
Total incoming resources
Less: overheads
Operating expenditure		(113,424)	(113,835)
Operating surplus		11„092	8,946
Net income for the year

			2020f	2019 E
Income
Maintenance contributions			123,850	121,870
			2020f	2019 F
Investment income
Dividends received				661
Interest receivable				250
			2020	2019
			E	f.
Expenditure
Printing and stationery			161	254
Legal and professional			1,758
Accountancy fees			1,656	1,584
Bank charges			150	158
Sundry expenses			988	652
Water and sewerage			6,306	5,719
Electricity			1,202	1,291
Gas			10,605	10,967
Insurances			3332	2,672
Depreciation			24,918	24,918
Monitoring lifelines			668	1,022
23 High Street - running		costs	1,964
Day to day maintenance			17,548	16,262
Cyclical and major maintenance			24,501	31,316
Christmas alms			2,340	2,175
Honoraria			14,690	14,245
Home and Communities		Agency subscription	300	300
NAA subscription			56	33
Housing ombudsman	subscription		281	267