# # # # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## |Value for Money Key Metrics|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Hfop|||| |||||||peer|Housing||| |||||||group|Pathways||King| |||||||2021-22|avera|e|Geor eV| |1. Reinvestment
'/o|||||||||| |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%||3.60o/o| |2.
New Supply Delivered
'/o|||||||||| |The number of new social housing
and non-social||||housing|||||| |homes that have been acquired
or developed|||in the||year as||||| |a proportion
oftotal social housing|and non-social|||housing|||||| |homes owned at period end.||||||0%|0%||0~/o| |A. New supply
delivered
(Social housing
homes)|||||||||| |B.New su
I
delivered
Non-social|housin||homes|||0%|0%||Oii/o| |3. Gearing
'/o|||||||||| |Assesses
how much ofthe adjusted|assets|are made|||up of||||| |debt and the de ree ofde endence|on debt||finance.|||3%|4.63||65 o/o| |4. Earnings Before Interest, Tax, Depreciation,|||||||||| |Amortisation,
Major Repairs Included||(EBITDA MRI)|||||||| |Interest Cover ~/o.|||||||||| |A key indicator for liquidity
and investment||capacity.|||||||| |Measures the level of surplus
generated
compared||||to|||||| |interest
a able||||||381%|1,566%||0~/o| |5. Social Housing Cost Per Unit|||||||||| |The headline
social housing
cost per unit as|||defined||by the||||| |Re ulator||||||E5,792|E6 243||E4 150| |6. Operating
Margin~/o|||||||||| |Demonstrates
the profitability
of operating||assets||before|||||| |exceptional
expenses are taken
into|account.||Increasing||||||| |margins
are one way to improve the|financial||efficiency of a||||||| |business.||||||9%|5.41%||1283o/o| |A. Operating
Margin (social housing|lettings||only)||||||| |B.Operating
Margin (overall) after adjusting|||for impairment|||7.95%|17.08%||14.81o/o| |and merger costs|||||||||| |7
ROCE o/o|||||||||| |Compares the operating
surplus
to total|||||||||| |assets less current
liabilities.
An assessment|||ofthe|efficient|||||| |investment
of capital resources.||||||0.80%|1.28%||0.93o/o| ## ## ## ## ## |||||Hfop|||| |---|---|---|---|---|---|---|---| |||||peer|Housing||| |||||group|Pathways|King|| |Cost|er home|||2021-22|avera
e|Geor|eV| |Management||costs|||2,494|1,108|| |Service charge costs|||||764||446| |Routine maintenance|||cost||2,031|1,963|| |Planned
maintenance|||||||| |Major|repairs|expenditure|||954||633| |Other|social|housing|costs||||| |Total||||E5,792|E6,243|f4,150|| ## ## |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 %ofthe annual|WMC|0.85%|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%|85%| |Emergency
repairs completed
within target time %||||100%|89%|78%|79%| |Urgent|repairs completed|within target time|%|96.9%|70%|78%|82%| |Routine|repairs completed
within target time||%|96.2%|71%|87%|93%| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Ih||QO
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LL| ## ## ||||2022|2021| |---|---|---|---|---| |||Notes||| |Fixed Assets||||| |Housing
Properties||9|211,168|212,202| |Investments||11|459,654|415,377| ||||670,822|627,579| |Current Assets||||| |Debtors||12|3,604|3,353| |Cash at Bank and|In Hand||142,227|138,275| ||||1'}5,831|141,628| |Creditors: amounts|falling due within one year|13|(10,954)|(20,294)| |Net Current Assets|||134,877|121,334| |Total Net Assets|||2805,699|f748,913| |Funds||||| |Unrestricted
funds|||688,350|628,768| |Restricted
funds|||117349|120 145| |Total funds||14|f805,699|2748,913| ## ## |||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---| ||||||||Notes||| |Net cash (used in)/provided||by Operating||Activities|||A|7,570|(6,879)| |Cash flows from Investing|Activities||||||||| |Purchase oftangible
fixed assets||||||||(7,600)|(1,764)| |Proceeds on sale of investments|||||||||| |Dividends
received||||||||3,958|3,889| |Interest
received||||||||24|62| |Net cash provided
by/(used||in) Investing||Activities||||3,618|2,187| |Cash Flows from Financing|Activities||||||||| |Net change
in cash and cash||equivalents||||||3,952|(4,692)| |Cash and cash equivalents||at the beginning|||of|the|||| |year||||||||6138275|142,967| |Cash and cash equivalents|at the end ofthe year|||||||f142,227|f138,275| |A
Cash flows from Operating
Activities|||||||||| |Net Income/(Expenditure)||for the|year|||||56,786|91,827| |Depreciation||||||||7,473|7,217| |Investment
Income and||Interest|Receivable|||||(10,422)|(9,263)| |(Increase)/Decrease
in|Debtors|||||||753|(695)| |Increase/(Decrease)
in|Creditors|||||||(9,340)|(22,366)| |Loss/(Gain)
on Disposal||of Components||||||1,161|(19)| |(Gains)/Losses
on Investments||||||||38841|73,580| |||||||||E7570|E 6,879| |B
Changes
in Net Funds|||||||||| |||||At|01/04/2021|||Cash Flows|At 31/03/2022| |Cash at bank and
in hand||||||138275||3952|142,227| ## ## ## ## ## ## ## ## ## |mponent
are|s|et ou|t below:|| |---|---|---|---|---| |Land||||not depreciated| |Main fabric||||Over 70 years| |Roof structure
and
Windows 5externa|||covering
I doors|Over 70 years
Over 30 years| |Boilers||||Over 15years| |Kitchen||||Over 20 years| |Bathrooms||||Over 30years| |Mechanical|systems|||Over 30years| |Electrics||||Over 40 years| |Fire Alarms/Warden|||Call|Over 15years| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|Income from Charitable
|Activities||| |---|---|---|---|---| ||||2022|2021| ||Almshouse
Accommodation|||| ||Residents
Contributions||55,181|53,278| ||Service Charges||3,851|4,226| ||Voids||(401)|(316)| ||||658,631|E57,188| |3.|Income from Investments|||| ||||2022|2021| ||||E|E| ||Deposit Interest||25|62| ||Investment
Income||10,397|9,201| ||||f10,422|E9,263| |4.|Expenditure
on Charitable|Activities||| ||||2022|2021| ||Almshouse
Accommodation|||| ||Services||5,353|3,614| ||Maintenance||23,560|22,805| ||Bad Debts||270|31| ||Depreciation||7,473|7,217| ||Replacement
offixed asset|components|1,161|(19)| ||Support costs (Note 5)||13,291|14,556| ||||851,108|Z48,204| ## ## ## ## |upport C|o|sts||| |---|---|---|---|---| ||||2022|2021| |Almshouse||Accommodation||| |Management||charges|11,012|12,316| |Bank charges|||77|50| |Residents'|welfare||144|240| |Governance||costs|2,058|1,950| ||||f13,291|f14,556| ## ## |||||||2021|2021| |---|---|---|---|---|---|---|---| |||||||f|f| |Turnover|from Social Housing||Activities|||58,631|57,188| |Operating|Costs|||||(51,108)|(48,204)| |Operating|surplus|and net surplus||from social housing|activities|f7,523|f8,984| ## |costs charg|ed to the Charity
is as follows:||| |---|---|---|---| |||2022|2021| |||f|f| |Wages and|salaries|5,944|6,277| |Socia I security costs||547|572| |Pension costs||340|302| |Redundancy||291|488| |Off-payroll|contractors|262|785| |||f7,384|f8,424| ## ## ## |Housing
Pro|perties|||| |---|---|---|---|---| |||||Total| |||||Completed| |||||Housing| |||||Prope*ies| |Cost||||| |At 1st April 2021||||276,252| |Works to existing properties||||7,600| |Components|replaced|||2 336| |At 31st March|2022|||281 516| |Accumulated|Depreciation|||| |At 1st April 2021||||64,050| |Charge for the year||||7,473| |Depreciation|released|on components|replaced|1 175| |At 31st March|2022|||70 348| |Net Book Value||||| |At 31st March|2022|||K211,168| |At 31st March|2021|||f212,202| ## ## |apital Grants||||| |---|---|---|---|---| ||||2022|2021| |Aggregate
Amount|Received|||| |At 1st April 2021||||| |and 31st March 2022|||f195,597|Z195,597| |Released to Statement||of Financial Activities||| |At 1st April 2021||||| |and 31st March 2022|||f195,597|2195,597| |Capital Grants Carrying||Value||| ## ## |Fixed Asset Invest|ment|s|||| |---|---|---|---|---|---| |||||2022|2021| |Market Value:|||||| |At 1st April 2021||||415,377|336,485| |Disposals
in year|||||| |Accumulated
income||||5,436|5,312| |Realised gains on investments|||||| |Unrealised
gains/(losses)||on investments||38,841|73,580| |At 31st March 2022||||f459,654|f415,377| |Historical cost as at|31st March 2022|||6146,253|f140,817| |Included
in fixed asset investments|||is financial assets of|f459,654 (2021:f415,377)|measured| |at fair value through|net income/(expenditure).||||| ## ||Amounts|due from residents|due from residents|||2,031|2,052| |---|---|---|---|---|---|---|---| ||Prepayments
and accrued||income|||1,573|1,301| ||Amounts|due from related|organisations||(Note 16)||| |||||||E3,604|f3,353| |13.|Creditors: amounts
due||within one||year||| ||Accruals|and other creditors||||5,879|4,960| ||Amounts|due to related organisations||(Note 16)||5,075|15,334| |||||||f10,954|220,294| |&D
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f|Funds|2022 Total| |Housing|Properties|93,819|117,349|211,168| |Investments||459,654||459,654| |Net Current Assets||134877||134877| |||f688,350|6117,349|E805,699| |||Unrestricted|Restricted|| |||Funds|Funds|2021Total| |||||F.| |Housing|Properties|92,057|120,145|212,202| |Investments||415,377||415,377| |Net Current Assets||121334||121334| |||f628,768|6120,145|f748,913| ## ## ## ## ##