## 

## 



|Contents||Page|
|---|---|---|
|List ofTrustees<br>and Officials|||
|Report ofthe Trustees||2-8|
|Report ofthe Independent|Auditors|9-10|
|Consolidated<br>Statement|of Financial Activities||
|Consolidated<br>and Parent|Charity Balance Sheets|12|
|Consolidated<br>Cash Flow|Statement|13|
|Notes to the Accounts||14 —32|





## 

|Meeter and Chief Executive|Meeter and Chief Executive|Meeter and Chief Executive|Mr AJBames (resigned 31 July|Mr AJBames (resigned 31 July|2021)|
|---|---|---|---|---|---|
||||Mrs G K Dormer (appointed|4 October 2021)||
|Interim Master and||Chief Executive|Miss N STansley BA(23July 2021 —3October 2021)|||
|Clerk &Company||Secretary|Mr W RC Riley (retired 30|April|2021)|
||||Mr D Chapman<br>(appointed|9June 2021)||
|Executive Manager|||Miss N STansley<br>BA|||
|Care Manager|||Ms N Shrimpton<br>(resigned|21 August 2021)||
|Interim Care Manager|||Ms A M Johnson<br>(appointed<br>1 June 2022)|||
|Estate Manager|||Mr A Buckingham<br>BSc(resigned||6 July 2022)|
||||Mr G Crisp (appointed<br>4 July 2022)|||
|Finance Manager|||Miss ETabors ACCA (resigned||16December 2021)|
||||Mr<br>I D Feltham<br>MA (Oxon)|ACA|(appointed 6 December 2021)|
|Chaplain|||The Retxd Canon E Langan|||
|Steward|||Mr N FSaffell FRICS|||
|Principal<br>Office|||The Great Hospital|||
||||Bishopgate|||
||||Norwich|||
||||NR1 4EL|||
|Bankers|||Bardays Bank Pic|||
||||5-7 Red Lion Street|||
||||Norwich|||
||||NR1 3QH|||
|Solicitors|||Leathes Pnor|||
||||74 The Close|||
||||Norwich|||
||||NR1 4DR|||
|Auditors|||Larking Gowen LLP|||
||||King Street House|||
||||15Upper King Street|||
||||Norwich|||
||||NR3 1RB|||
|Investment|Managers||Investec Wealth and Investment||Limited|
||||30 Gresham<br>Street|||
||||London|||
||||EC2V 7QN|||





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|Metrics and Basis||||||
|---|---|---|---|---|---|
|||||2022|2021|
|1.<br>Reinvestment||||3%|3%|
|The metrics looks st the Investment<br>in prcpsrliss|||both new and sxisfing|||
|as a percentage<br>ofthe value oftotal properties||held.||||
|2.<br>New Supply Delivered||||||
|3.<br>Gearing||||-25%|-8%|
|This metnc assesses how much ofthe assets are||made up ofdebt and||||
|the degree ofdependence<br>on debt finance.||||||
|4.<br>Earnings<br>before Interest, tsx, depreciation,||smortlsatlon,<br>ma)or||||
|repairs Included<br>(EBITDA MRI) Interest Cover||||1 616'/|1 165'/|
|This is a key indicator for liquidity<br>and Investment|capacity.|||||
|5.<br>Hsadfins Social Housing cost psr unit||||f22,594|f20,113|
|This mstnc sssssses the headline scdal housing|cost||per unit|||
|as defined<br>by the Regulator.||||||
|6.<br>Operating<br>Margin||||||
|This metric measures<br>profitability,<br>and is a way of||measuring||||
|the financial efficiency of a business.||||||
|Operating<br>Margin<br>(A)||||-89%|-73%|
|Operating<br>Margin (8)||||-23%|-22%|





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## 

||||Unrestricted|Restrided|Endowment|2022|2021|
|---|---|---|---|---|---|---|---|
|||Notes|Fundf|Fundf|Fund|Total<br>F.|Totalf|
|Income and endowments<br>from:||||||||
|Donations and legacies|||106,776|||106,776|58,054|
|income from charilabie<br>activities:||||||||
|Cantrlbutlons<br>fram residents||3|1,317,298|||1,317,298|1,301,974|
|Other trading adivities:||||||||
|Functions<br>Shop Income|||19,725|||19,725|135|
|investments||||||||
|Property<br>Income<br>Interest and Investment<br>incame||4<br>10|||287,039<br>413,787|287,039<br>413,787|240,613<br>408,163|
|Other income|||2,761|||2,761|2,017|
|Total income and endowments|||1,446,560||700,826|2,147,386|2,010,956|
|Expenditure<br>on:||||||||
|Cast ofraising funds:<br>Investment<br>management<br>costs||5|||155,558|155,558|133,818|
|Expenditure<br>an charitable<br>activfiesr<br>Selvlces|||1,264,428|||1,264,428|1,214,163|
|Management<br>Maintenance|||552,830<br>398,417|||552,830<br>398,417|479,572<br>340,068|
|Depreciation|||262,618|17,104||279,722|276,502|
|Expenditure<br>on other trading|activities:|||||||
|Functions<br>expenditure||||||||
|Other expenditum|||||||2,453|
|Total expenditure|||2,478,293|17,104|155,558|2,650,955|2,446,584|
|Net income<br>/ (expenditure)<br>before<br>gains and losses on investments|||(1,031,733)|(17,104)|545,268|(503,569)|(435,628)|
|Net gains I (losses) on investments||15&16|||1,874,367|1,874,367|3,270,987|
|Net income I (expenditure)|||(1,031,733)|(17,104)|2,419,635|1,370,798|2,835,359|
|Transfers<br>between funds||23&24|1,050,000||(1,050,000)|||
|Nst movement<br>ln funds|||18,267|(17,104)|1,369,635|1,370,798|2,835,359|
|Reconclgatlon<br>offunds:<br>Total funds brought<br>forward|||9,004,812|496,015|25,153,198|34,654,025|31,818,666|
|Total funds carried forward|||9,023,079|478,911|26,522,833|36,024,823|34,654,025|





## 

|||||||Consolidated|Consolidated|Parent|Charity|
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|2022|2021|2022|2021|
|Ptxed assets||||||||||
|Housing Association||Scheme properties|||14a&b|711,623|737,038|711,623|737,038|
|Equipment|||||14a&b|482,601|298,806|482,601|298,806|
|Improvements<br>to|Greet Hospital|||buildings|14a&b|7,243,358|7,463,593|7,243,358|7,463,593|
|Pmperty<br>in the course of|||construction||14a&b|187,993|187,993|7,343|7,343|
|Investment<br>properties|||||15|6,138,524|5,850,561|6,138,524|5,850,561|
|Investments|||||16&22|19,279,749|19,430,662|19,279,749|19,430,663|
|Programme<br>related investment|||||17|||179,000|173,000|
|||||||34,043,848|33,968,653|34,042,198|33,961,004|
|Current assets||||||||||
|Stock|||||18|7,244|6,649|7,244|6,649|
|Debtors and prepayments|||||19|239,494|179,972|247,366|188,234|
|Cash at bank and|In|hend||||1,178,855|802,553|1,174,992|800,227|
|Cash hekl by Investment|||brokers|||1,029,069|9,710|1,029,069|9,710|
|||||||2,454,662||2,458,671|1,004,820|
|Less:||||||||||
|Creditors:||||||||||
|Amounts<br>falling due within|||one year||20|(381,581)|(220,637)|(377,056)|(215,909)|
|Net current assets||||||2,073,081|778,247|2,081,615|788,911|
|Total assets less|current||liabilities|||36,116,929|34,746,900|36,123,813|34,749,915|
|Less:||||||||||
|Creditors:||||||||||
|Amounts<br>falling due after|||one year||21|(92,106)|(92,875)|(92,106)|(92,875)|
|Total net assets||||||36,024,823|34,654,025|36,031,707|34,657,040|
|Represented<br>by.||||||||||
|The funds ofthe|charity:|||||||||
|Endowmentfund|||||23|26,522,833|25,153,198|26,522,833|25,153,198|
|Restricted<br>fund|||||24|478,911|496,015|478,911|496,015|
|Income fund (unrestricted)|||||24|9,023,079|9,004,812|9,029,963|9,007,827|
|||||||36,024,823|34,654,025|36,031,707|34,657,040|





## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|oufflow||||||F.|6|
|Net cash<br>fro operating||activities (see below)||||(231,799)|(53,169)|
|Cash Flows from investing<br>activities||||||||
|Interest, dividends<br>and rents received||||||700,826|648,776|
|Purchase offixed assets||||||(217,867)|(278,059)|
|Investment<br>property<br>transactions||||||43,286||
|Proceeds from sale of investments<br>Proceeds fram sale of investments||property||||3,490,021|2,922,814|
|Purchase cf investments||||||(2,388,037)|(2,972,909)|
|Net cash provided<br>by Investing|activities|||||1,628,229|320,622|
|Cash flows from flnandng<br>activities||||||||
|Repayment<br>of borrowing||||||(769)|(746)|
|Net cash provided<br>by financing|activities|||||(769)|(746)|
|Change<br>ln cash and cash equivalents|||ln the year|||1,395,661|266,707|
|Cash and cash equivalents<br>brought||forward||||812,263|545,556|
|Cash and cash equivalents<br>carried forward||||||2,207,924|812,263|
|Reconciliation<br>ofnet Income to|net cash oufftow from operating|||activities||2022|2021|
|||||||6|f.|
|Net Income<br>/ (Loss)||||||(503,569)|2,835,359|
|oufflow||||||||
|Interest, dividends<br>snd rents received<br>(GsinsyLosses<br>on investments<br>Depredation<br>Decrease<br>/ (inaease) in debtors||||||(700,826)<br>592,047<br>279,722<br>(59,522)|(648,776)<br>(3,270,987)<br>276,503<br>751,918|
|Decrease<br>/ (increase)<br>in stock<br>Increase<br>/ (decrease)<br>in credtors||||||(595)<br>160,944|(1,460)<br>4,274|
|Net cash<br>fro operating||activities||||(231,799)|(53,169)|
|Analysis ofchanges<br>In cash and||cash|equivalents:||1 Apr2021|Cash flows|31 Mar 2022|
||||||||F.|
|Cash at bank and<br>In hand|||||802,553|376,302|1,178,855|
|Cash held by investment||brokers|||9,710|1,019,359|1,029,069|
|Tots<br>I|||||812,263|1,395,661|2,207,924|





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## 

|Income from Donations<br>and L|egacies|egacies|||||
|---|---|---|---|---|---|---|
||Regulated||Social|Unregulated|Total|Total|
||Housing|Activities||Activities|2022f|2021|
|Donations||||2,329|2,329|401|
|NCC —Covid grant funding||||104,447|104,447|57,653|
|||||106,776|106,776|58,054|



## 

|Accommodation||charge||907,328|907,328|879,680|
|---|---|---|---|---|---|---|
|Service charges||(sss below)||409,970|409,970|422,294|
|Contribution<br>from||Residents||1,317,298|1,317,298|1,301,974|
|Social housing|operating||costs|(2,443,660)|(2,443,660)|(2,261,563)|
|Operating<br>deficit||||(1,126,362)|(1,126,362)|(959,589)|
|Void losses||||(47,821)|(47,821)|(47,821)|
|Service Charges|||||||
|Gas and Electricity||||130,499|130,499|136,682|
|Care service||||122,895|122,895|133,809|
|Catering||||105,556|105,556|100,378|
|Cleaning||||51,020|51,020|51,425|
|||||409,970|409,970|422,294|





## 

||||||||Regulated|Social|Unregulated|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Flensing Activities||Activities<br>F|2022f|2021f|
||Property Income|||||||||||
||Investment|properties|||||||287,039|287,039|240,613|
||Expenses|||||||||||
||Agent's<br>commission||||||||(13,069)|(13,069)|(13,031)|
||Professional|fees|||||||(13,978)|(13,978)|(45,783)|
||Repairs etc||||||||(44,223)|(44,223)|(1,109)|
||Net income|from|investment|||properties|||215,768|215,768|180,690|
||Cost of managing|||Investments||||||||
||Property<br>agent's||commission||||||13,069|13,069|13,031|
||Professional|fees|||||||13,978|13,978|45,783|
||Repairs etc||||||||44,223|44,223|1,109|
||Investment|managers|||fees||||72,569|72,569|63,335|
||Irrecoverable|VAT|||||||11,719|11,719|10,560|
||||||||||155,558|155,558|133,818|
||Seivices|||||||||||
||Staff costs|||||||884,398||884,398|858,796|
||Food|||||||91,507||91,507|95,240|
||Energy|||||||133,251||133,251|115,276|
||Laundry<br>and|cleaning||||||24,799||24,799|25,597|
||Water and council tax|||||||23,433||23,433|23,689|
||Amenities|||||||5,668||5,668|3,313|
||Care consumables|||||||3,461||3,461|17,403|
||Irrecoverable|VAT||||||97,911||97,911|74,849|
||||||||1,264,428|||1,264,428|1,214,163|
|7.|Management|||||||||||
||Administration|||||||143,283||143,283|119,800|
||Staff costs|||||||305,433|22,583|328,016|292,000|
||Insurance|||||||52,377|29,154|81,531|67,772|
|||||||||501,093|51,737|552,830|479,572|





## 

|||||Regulated|Regulated|Social|Unregulated|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Housing|Activities||Activities|2022|2021|
|||||||6|9|F|F|
||Maintenance|||||||||
||Building<br>maintenance|||||398,417||398,417|340,068|
||Depredation<br>Housing Association scheme properties|||||25,415||25,415|25,415|
||Equipment<br>Improvements|to Greet Hospital||buildings||34,072<br>220,235||34,072<br>220,235|29,531<br>221,557|
|||||||279,722||279,722|276,503|
|10.|Interest and Investment||income receivable|||||||
||Sscunties income||||||413,780|413,780|408,163|
||Deposit interest|receivable|||||7|7||
||Other finance income|||||||||
||||||||413,787|413,787|408,163|
|11.|Other income|||||||||
||Sundry income<br>Booklet sales||||||2,658<br>103|2,658<br>103|1,967<br>50|
||||||||2,761|2,761|2,017|
|12.|Taxation|||||||||



|13.|Surplus after interest||2022|2021f|
|---|---|---|---|---|
||Ths nst income before|gains and losses is stated|||
||after charging<br>/ (crediting):||||
||Interest payable<br>Depreciation<br>Auditors<br>remuneration|—audit|13,657<br>279,722<br>13,935|13,656<br>276,503<br>13,500|
||Auditors<br>remuneration|—non audit services|1,500|1,682|





## 

## 

|Fixed Assets - Group||||||
|---|---|---|---|---|---|
||Housing Assoc.|||Property<br>In||
||Scheme|Building||the course of||
||Properties<br>6|Improvements|Equipmentf|construction<br>6|Total<br>6|
|Cost||||||
|At 1 April 2021|1,270,755|9,489,232|636,530|187,993|11,584,510|
|Additions|||217,867||217,867|
|At 31 March 2022|1,270,755|9,489,232|854,397|187,993|11,802,377|
|I3epreclation||||||
|At 1 April 2021|533,717|2,025,639|337,724||2,897,080|
|Charge for the year|25,415|220,235|34,072||279,722|
|At 31 March 2022|559,132|2,245,874|371,796||3,176,802|
|Net book value||||||
|At 31 March 2022|711,623|7,243,358|482,601|187,993|8,625,575|
|At 31 March 2021|737,038|7,463,593|298,806|187,993|8,687,430|





## 

|Fixed Assets —Paren|t Charity||||||
|---|---|---|---|---|---|---|
||Housing Assoc.|||Property<br>In|||
||Scheme|Building||the course of|||
||Properties<br>F|Improvements<br>f|Equipment<br>E|construction|f|Total<br>8|
|Cost|||||||
|At 1 April 2021|1,270,755|9,489,232|636,530|7,343||11,403,860|
|Additions|||217,867|||217,867|
|At 31 March 2022|1,270,755|9,489,232|854,397|7,343||11,621,727|
|Depreciation|||||||
|At 1 April 2021|533,717|2,025,639|337,724|||2,897,080|
|Charge forthe year|25,415|220,235|34,072|||277,722|
|At 31 March 2022|559,132|2,245,874|371,796|||3,176,802|
|Net book value|||||||
|At 31 March 2022|711,623|7,243,358|482,601|7,343||8,444,925|
|At 31 March 2021|737,038|7,463,593|298,806|7,343||8,506,780|





## 

## 

|Investment||properties<br>-Group and Charity|||
|---|---|---|---|---|
||||2022|2021f|
|Valuation|||||
|1 April2021|||5,850,561|5,645,286|
|Di epos a le|||(635,333)||
|Additions|||||
|Realised gain on disposal|||592,047||
|Gain / (loss)||on revaluation|331,249|205,275|
|31 March 2022|||6,138,524|5,850,561|
|Classification||of properties|||
|Residential|Estate||645,000|583,751|
|Commercial||holdings|4,830,000|4,625,000|
|Agricultural||holdings|663,524|641,810|
||||6,138,524|5,850,561|





## 

## 

|Investments||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||2022|||2022|2021||2021|
||||||Cost<br>6|Market valuef|||Cost<br>6|Market value<br>6||
|Government<br>stock|||||281,197|||272,243|287,197||287,422|
|Ordinary<br>shares||||11,253,162|||16,252,308||11,713,559||16,083,012|
|Fixed interest|||||2,648,828||2,755,198||2,889,941||3,060,228|
|Total||||14,183,187|||19,279,749||14,890,697||19,430,662|
|Un-quoted<br>investments||||||||||||
|Shares in TGH (Commercial)|||Ltd|||||1|1||1|
|Grand total<br>—Charity||||14,183,188|||19,279,750||14,890,698||19,430,663|
|TGH (Commercial)|Limited is a 100%subsidiary||||and a property||construction||company<br>that|has|expanded<br>its|
|activities to include|the|provision||of hospitality|TGH (Commercial)|||Limited|has been engaged||by the Great|
|Hospital to design and||build|new|accommodation|for residents.||The results||of the subsidiary|company<br>to 31||
|March 2022 are set|out|in note 30||||||||||
||||||||||2022||2021|
||||||||||6||F|
|Movements<br>in quoted||investments||||||||||
|Market value<br>1 April|2021||||||||19,430,662||16,314,856|
|Additions|||||||||2,388,077||2,972,909|
|Disposals|||||||||(3,490,021)||(2,922,814)|
|Net investment<br>gains<br>/ (losses)|||||||||951,071||3,065,711|
|Market value 31 March||2022|||||||19,279,749||19,430,662|





|17.|Programme<br>related<br>Investment|Programme<br>related<br>Investment|||
|---|---|---|---|---|
||||Charity||
||Loan to TGH (Commercial)|Limited|2022f|2021<br>f.|
||Balance at 1 April 2021||173,000|145,000|
||Additional<br>loan||6,000|28,000|
||Balance as at 31 March 2022||179,000|173,000|



## 

|18.|been eng<br>Stock|aged|by the||Charity to de|sign and build|new accom|modati|on<br>for its res|idents.|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Group|||Charity||
||||||||2022<br>f||2021<br>f|2022<br>f||2021<br>f|
||Food and|beverages|||||6,238||5,112|6,238||5,112|
||Booklets||||||1,006||1,537|1,006||1,537|
||||||||7,244||6,649|7,244||6,649|
|19.|Debtors||||||||||||
|||||||||Group|||Charity||
||||||||2022<br>f||2021<br>f|2022<br>f||2021|
||Prepayments||and accrued income||||118,058||5,543|118,058||17,805|
||Other debtors||||||106,373||172,879|108,878||172,879|
||Residents'|contributions|||receivable||12,063||1,550|20,430||1,550|
||Donation|from|TGH (Commercial)|||Ltd|||||||
||||||||239,494||179,972|247,366||188,234|
|20.|Creditors: amounts|||falling due within one year|||||||||
|||||||||Group|||Charity||
||||||||2022<br>f||2021<br>f|2022<br>f||2021<br>f|
||Trade creditors||||||216,041||124,859|216,041||124,283|
||Taxation and||social security||||29,678||17,195|29,678||17,195|
||Accruals and||deferred||income||135,862||78,583|131,337||74,431|
||||||||381,581||220,637|377,056||215,909|





## 

## 

## 

|Creditors: amounts<br>falling due af|ter more than one|year - Group and Chari|ty||
|---|---|---|---|---|
||||2022f|2021f|
|Housing Association schemes (see|below)||92,106|92,875|
||||92,106|92,875|
|Housing<br>Association<br>Schemes|||||
|||Prior|Youngs||
|||Court|Green|Total|
|Balances at beginning<br>ofyear||45,708|47,167|92,875|
|Less capital due within one year||(383)|(387)|(770)|
|Balances at end ofyear||45,325|46,780|92,106|
|Balance included above repayable<br>instalments<br>In more than five years|by|41,102|44,189|85,291|
|Rate of interest payable||15%|14%||





## 

|22.|Financial|Instruments|Instruments|Instruments|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Group||Charity|
||||||||2022|2021|2022|2021|
|||||||||||6|
||Financial|assets|at|fair value||through|||||
||statement|offinancial activities|||||||||
||Investments||||||19,279,749|19,430,662|19,279,750|19,430,663|
||||||||19,279,749|19,430,662|19,279,750|19,430,663|
||Financial|assets|measured||at||||||
||amortlssd|cost|||||||||
||Trade debtors||||||17,355|1,550|20,430|1,550|
||Other debtors||||||||||
||Amounts|owed by|group undertakings||||||||
||||||||17,355|1,550|20,430|1,550|
||Financial|liabilities||measured||st|||||
||amortlsed|cost|||||||||
||Trade creditors||||||216,041|124,859|216,041|124,283|
||Accrua la||||||96,017|46,273|94,567|44,923|
||Loans —Amounts||due within||one year||770|769|770|770|
||Loans —Amounts||dus after||one|year|92,106|92,875|92,106|92,875|
||||||||404,934|264,776|403,484|262,851|





## 

## 

|||||||||Unapplied|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||Investment|Total|Permanent|
||||||||Fund|Return|Endowment|
|||||||||E||
|At beginning<br>ofthe reporting||period;||||||||
|Gifl component<br>ofths <br>Unapplied<br>total return|permanent|||endowment|||5,091,310|20,061,888|5,091,310<br>20,061,888|
|Total|||||||5,091,310|20,061,888|25,153,198|
|Movements<br>in the reporting||period:||||||||
|Investment<br>return: Income,||dividends|||and|interest||700,826|700,826|
|Investment<br>return: realised||and||unrealised||gains||1,874,367|1,874,367|
|Less: Investment<br>management||||costs||||(155,558)|(155,558)|
|Nst unapplied<br>total return||||||||2,419,635|2,419,635|
|Unapphed<br>total return <br>ths reporting<br>period|allocated|||to income||in||(1,050,000)|(1,050,000)|
|Net movement<br>in ths|reporting||period|||||1,369,635|1,369,635|
|At end ofthe reporting|period:|||||||||
|Gift component<br>ofthe <br>Unapplied<br>total return|permanent|||endowment|||5,091,310|21,431,523|5,091,310<br>21,431,523|
|Total|||||||5,091,310|21,431,523|26,522,833|





## 

|ummary offund|movements:|||||
|---|---|---|---|---|---|
||||Income|Restricted|Endowment|
|||Total|Fund<br>f|Fund<br>f|Fundf|
|Charity Funds as|at 1 April 2021|34,657,040|9,007,827|496,015|25,153,198|
|Income||2,147,386|1,446,560||700,826|
|Expenditure||(2,647,086)|(2,474,424)|(17,104)|(155,558)|
|Transfers<br>between|funds||1,050,000||(1,050,000)|
|Gains and losses|on investments|1,874,367|||1,874,367|
|Charity Funds as|at 31 March 2022|36,031,707|9,029,963|478,911|26,522,833|



## 

|Total staff costs during the year were:|||
|---|---|---|
||2022f|2021f|
|Remuneration|1,077,214|970,058|
|Social security costs|80,528|77,292|
|Pension cost|41,502|41,289|
||1,199,244|1,088,640|





## 

## 

## 

## 

|ummary|o|fnet|asse|ts by fund|||||
|---|---|---|---|---|---|---|---|---|
|||||||Income|Restricted|Endowment|
||||||Total|Fund|Fund|Fund|
||||||2022f|2022f|2022|2022<br>f.|
|investments||(at Market Value)|||19,279,749|||19,279,749|
|Cash|||||2,207,924|1,178,855||1,029,069|
|Stock|||||7,244|7,244|||
|Debtors|||||239,494|164,003||75,491|
|Creditors|||||(381,581)|(381,581)|||
|Free reserves|||||21,352,830|968,521||20,384,309|
|Housing|Association|||loans|(92,106)|(92,106)|||
|Investment||property|||6,138,524|||6,138,524|
|Property|in|the course of construction|||187,993|187,993|||
|Housing||Association|||711,623|232,712|478,911||
|Scheme|property||||||||
|Equipment|||||482,601|482,601|||
|Building|improvements||||7,243,358|7,243,358|||
||||||36,024,823|9,024,529|478,911|26,522,833|
|Investment||Fund||||||5,091,310|
|Unapplied||Total|Return|||||21,431,523|
|Total Endowment|||Fund|||||26,522,833|





## 

|ummary|o|fnet|asse|ts by|fund (continued|)||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Income|Restricted|Endowment|
|||||||Total|Fund|Fund|Fund|
|||||||2021<br>6|2021f|2021<br>6|2021<br>6|
|Investments||(at|Market Value)|||19,430,663|||19,430,663|
|Cash||||||812,263|812,263|||
|Stock||||||6,649|6,649|||
|Debtors||||||179,972|307,999||(128,027)|
|Creditors||||||(220,637)|(220,637)|||
|Free reserves||||||20,208,910|906,274||19,302,636|
|Housing|Association|||loans||(92,876)|(92,876)|||
|Investment||property||||5,850,561|||5,850,561|
|Property|in|the course||ofconstruction||187,993|187,993|||
|Housing||Association|||Scheme|737,038|241,023|496,015||
|property||||||||||
|Equipment||||||298,806|298,806|||
|Buikiing|improvements|||||7,463,593|7,463,593|||
|||||||34,654,025|9,004,813|496,015|25,153,197|
|Investment||Fund|||||||5,091,310|
|Unapplied||Total|Return||||||20,061,887|
|Total Endowment|||Fund||||||25,153,197|





## 

|The subsidiary<br>Is not registered<br>with the social housing<br>regulator<br>March 2022 are set out below.|.<br>The results of the subsidi|ary<br>company|
|---|---|---|
||2022f|2021f|
|Turnover|||
|Cost ofsales and administration|(3,869)|(3,016)|
|Charitable<br>donation|||
|Net profit/(loss)|(3,869)|(3,016)|
|Ths aggregate ofassets liabilities snd reserves was:|||
||2022|2021|
|Current assets|185,008|182,976|
|Current<br>liabilities|(191,892)|(185,991)|
||(6,884)|(3,015)|



## 



## 

## 


|Statement ofFlnan|c|(al|A|ctivities 3|1 March 2021|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Income|Restricted|Endowment||2021|
||||||Fund|Fund|Fund||Total|
||||||6|r.||6|8|
|Income and endowments|||from;|||||||
|Dane tons end legac/es|||||58,054||||58,054|
|incame iiom charitable|acfivities|||||||||
|Net contributions<br>from residents|||||1,301,974||||1,301,974|
|Olher trading<br>achvrties||||||||||
|FuncUans||||||||||
|Shap income|||||||||135|
|invsaimenis||||||||||
|Property<br>Income|||||||240,613||240,613|
|Interest<br>and<br>investment||||income|||408,163||408,163|
|receivable||||||||||
|Olher income|||||2,017||||2,017|
|Totallncome<br>and endowments|||||1,362,180||648,776||2,010,956|
|Expenditure<br>on:||||||||||
|Cost ofraising<br>funds||||||||||
|Investment<br>management||costs|||||133,818||133,818|
|Expendilurs<br>on cheriiehie||aclrvarssr||||||||
|Services|||||1,214,163||||1,214,163|
|Management|||||479,572||||479,572|
|Maintenance|||||340,068||||340,068|
|Depredation|||||259,398|17,104|||278,502|
|Expenditure<br>on alber tradng|||activities|||||||
|Functions<br>expenditure||||||||||
|Otharaxpsndxure|||||2,453||||2,453|
|Total expenditure|||||2,295,662|17,104|133,818||2,446,584|
|Nst<br>Income<br>I (expenditure)||||before||||||
|gains||||||||||
|and losses on Investments|||||(933,482)|(17,104)|514,958||(435,628)|
|Net gams I(losses) on investments|||||||3,270,987||3,270,987|
|Net income I(expenditure)|||||(933,482)|(17,104)|3,785,945||2,835,359|
|Transfers<br>between funds|||||||(900,000)|||
|Net movsmsnt<br>in funds|||||(33,482)|(17,104)|2,885,945||2,835,359|
|Reconcalatlon<br>offunds||||||||||
|Total funds brcught<br>forward|||||9,038,294|513,119|22,267,253||31,818,666|
|Total funds carried forward|||||9,004,812|496,015|25,153,198||34,654,025|