## **BOCKING UNITED CHARITIES** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** **REGISTERED OFFICE 29-35 West Ham Lane Stratford London E15 4PH** **CHARITY NO.212834** BOCKING UNITED CHARITIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 CONTENTS Page Charity Infomiation Report of th8 Board of Trustees 24 Indepéndent auditorfs report on the financial statements 5-6 Income and expenditura account Statement of changes in equity Balance sheet 10 statement of cash Ilows 10 11 Notes to the financial statements 11-20 BOCKING UNITED CHARITIE5 CHARITY INFORMATION THE BOARD OF TRUSTEES D Mann D Smilh Chairman Treasurer P Brown, J Baines (resigned 11912020), M Moor8. C Felton, D. Whipps The Reverend R Reid REGISTERED OFFICE 29-35 Wesl Ham L8ne Stratford London E15 4PH INDEPENDENT AUDITORS Flsher Michael The Old Grange Warren Esiale Lordship Road Wriltle Chelmsford Essex CM17 1UQ BANKERS Barclays Bank PLC 1 Bank Street Braintree Essex CM13WT SOLICITORS Holmes & Hills Dale Chamb8rs Backing End Braintree Essex CM7 9AJ MANAGING AGENTS L&Q Living Limited 29-35 West Ham Lane Stratford London E15 4PH REGISTRATIONS Charity Commission.. Registralion Number Regulaior of Social Hosuing . Registered number Almhouse Number 212834 A4038 M470 Page 1 èOCKING UNrrED CHARITIES REPORT OFTHE BOARD OF TRUSTEES AND STATEMENT OF RESPONSIBILMES Th8 Board of Truste8s PT8S8nt th8ir report and th8 athli18d financlal slatgments of Bo¢klng Unlted Charities (the Charity) for th8 year ended 30 June 2021. Prlnclpal ActEvlty Bocking United Charities is a Tegislered charity and a Registered Provider, owning property at Bocking Almhouses, Deans Walk. When considering the airn5 and objectives of tha Ch8Tity th8 Tru8t89$ have r8ferred lo th8 9uid8ncg i8su8d by the Charity Commi$6ion In respect ol public benefit. The Ch8Ntys privTr2ry purpose is to provide accomwd8tion and Support to the elderly and to adults *ilh leaming difficult￿S In Bo¢king and the surrounding area. The Chawill5 Scherne also enables the Charity to apply lunds more generally for tha ben?fit gf <herpoorord839rvlng nec95811ous per80n3 In the Bocking area. In m*8ting ils obiect*ve8, Ihe ChatÈLy may as8i8t individvals In need In Ihg Bo1*1￿ aw by19tting property, and Contrit￿lIng to the Cost of Se￿1¢¥9 to support the health and weKbeing of IhD5e in(*lviduas. All of Ihe charitable acllvilies focus on the PTOVi6ion of housing accommodal¢on and Support servlceG ￿thin the Charltys 21 unit127 beds) stheme in Bocknng, and are undertakèn to fUr￿Orthe ch&ritabl8 purpos8s for th8 put￿lC b8n8fit. Results and revlew of the y&ir. and future developments Th& Charlty mod* a surplus for Ihg year befoTe tsxatlon of £630,6O712020.' deffdt£39,5581. ThB suryjlus ts largely Bs 8 te5uIt of incteased in the revaluatlon valu& of the propothes in 2021. The result b8foT8 th8 property r8V81u8lion increase i$ a loss ol £18.142. This was duÈ lo increa88 in void prop8rties and maln18nanc& cosls. As would be expected, th8 Covid19 pandemi¢ has placed great strains on all of the management staff at the schem8. Und9r the leadership of Leigh Welsh, the Registere(l Mansger, Ihe staff h8V8 811 risen to the challeng8 ma9nificently. There have bBen no cases of Covid Ihg year. Twstees owe them all a very greatvote of thanks. Following a delalled Flro Risk Ass8s$￿￿1 in 2020. Tn￿18￿ comr1￿￿k)ned works Ihrough¢xtl the estate lo ￿Jgrnde fire d8t8cthon and fflI(￿8￿0n systems to meet new standards. The ALCOVE care call system has again proven t188lfdumg I￿kdOwn by reducing conlacls be1We￿ rosldonts and staff as woll 8$ 811owsng residents to make contacts wfjth IBmlly and ffien¢Js via knDm' video. Durfng the year, Trust*8s a(x81er8t8d 8 program of refurblshing re￿￿entS kit¢hens ayKI bathrwtns as well as a new Communily Hall kitchen. Trustees anuupate that this progtam will be cornpleted in 2021122 Board MesnbBr8 The Member8 ofthe Board ofTYustees durfng th8 yoar •nd8d 30 June 2021 ￿r9 88 foifows= P Brown J Baine$ Iresigned 11912020) Moore C F@Ilon P. Whipps Thg Reverend R Reid Chalrtnan= D TreasureT.' D Smllh PBge 2 REPORT OF THE BOARD OFTRUSTEESAND 8TATEMENT (Eontlnuèdl The TrtJ51ees 8re yes￿nSIble lor ￿epa￿D9 thB TtuslEes' Teportand Ihg finan¢k81 s1além￿ts in accordancewlh applicable law d ragulab"ons. In preparing Ihcse financial statements the Commiltee is requiiad lo.. > sele¢1 Suilable finan¢lal Kx)ll¢￿S and ttp￿y them consistently. > makè judgements and estimates that are reasonable and prudenl., > fd1owappliGablÈ United KingtlDrn Accotsnling StandaNIs 8nd th8 Houslng SORP 2018 > prepare the financial 8talemenl8 on a golr¥J concem basi5. unle$5 It is inappropriat¢ to pre8uma that the Chzritywill conllnue in b¢Jsiness. The 8oard of Tru$lees 1$ r8$ponslbl& foren&uiing thai arrangem8nt8 8r8 made for ke8ping properaccounling records disclose wilh Teasonable accuracyat any time tho financigl posilion of Ihe Charity and 10 8nabl8 them to ensL4fe that the rinancial stalcments cornplywilh Ihe Charills Act 2011, Ihe Housing and Regeneration Aci 2008 aDd tbe AG￿￿￿ting Dire¢¢4on Privats R8gl8t&Yed Provlders of Houslng 2019. It is responsible for maintaining a salisfaclory system of wntrDI over the &GQUntlng rewrds and Iran5a¢tion$ 3Dd f¢* $afrguardlng the asÈets of th* Chatlty and h8n¢8 forlaking reasoTrable steps fly fv prevention and detecltijn d fraud and other IrTegularhlo5. Intemal ffinan¢i#l ¢ontiol Th8 Board ol TN8ta8s is responsible for lh8 Charity's 8y8t8m of intemal fin8ncial wntrd. AHhough fio systom of Intsrnal flnanclal CDntrol can provirte absolute assurancè against materfal miss- 8talem8nt OT loss, the Chariiys syslem designed lo primde the cornmillee Mlh reasoftablo ossuran¢e Ihat problem$ arè Identified on a timèly ba818 and doo11 wth 8ppropri818ly,' th8t asseis 8¥e safeguarded against unaulhorised use or disposilion.. thal pioppraccouDbng re¢ofd$ 8r¢ malntslned., and Ihat the finanad tnfornialion usod 4*ithin ￿ Charity orfoF p￿bliCatiOn is reliabi8. Govomancfr Cod8 In May 2018 th8 charbty adopted a n8w C(xl8 of Governance- lh8 Charlty Go¥ern8nc8 Code. An analysls ofthe rw L>)de has been vn(lertaken th￿ arecuryenuy tyvo areas bwrd is notlulty compllanl.. . Section 4.6.4 which fequirBS bDgidsto regularty consider infomiation 1￿M olherBimilaToroani$alion$ ttstompar8 or benchmaik lh8 organis8tirm's performar￿. Glven Ch8rityS SP8ck8list naiuf8 thef& hav8 b88n drfficulli85 in iden1￿￿n9 ffl1lar8￿d organisalioTh to benchm8rt againsl. - Section 8.5.18nd 6.5.2 which r8quires that plans aro ￿ plac8 to monitor and achiw8 the boards div8rsity objectives and pubU$he$ $lep$ tsken to addre$$ diversity ond arossibility tsflhe ljoard. Given Ihe 8Ix¥ and d8rnographlcof the loc￿ 8Fe8 Ihe bowd feels It Is TepTesentslive of IhB area itwjrks ir* howpverthi515 area wo tQ TB￿9W￿hOTh QPPQtluntiEs to 11 to Ihe board arfse. All r8asonablÉ endÉa¥ours VAII bts made to ensLtrè that IdentEn8d gaps ￿11 b8 addr88Éed during lh8 wming y8W. Pgge 3 REPORT OF THE BOARD OF TRUSTEES A14D STATEMENT {contlnuedl Compllance with ReguiatoE ot Soclal Hou51ng% 00￿Man¢* and Flnanclal Wiability SI￿dard We have undertaken a review of complianc8 With the Govemance and Financlal Viabllity Standard. whlth has been considered by the boord. In our vi&w. w8 continue to meètthe standard. Golng concem The Board ol Trustees has a reasonable expectalion that Ihe Charity ha5 adequate resources lo continue In opèratioll for the lowoeable future. For this r8ason. Ihey continue lo adopt (he going concgm basls in preparing the financial slalements. Audltors The auditors to th858 accounts, Flsh8r Mloh8è1 Chart•red Accountants. WIN bg propo$8d for ieappointmenl. By order of the Board of Trustee8 D Mann Chafjr ..Novembor 2021 Pag8 4 80CKING UNITED CHARITIES INDEPENDENT AUDtroRS' REPORT ON THE FINANCIAL STATEMENTS Indopendentaudltor'$ r¢portto tho m•mbgrs of Bo¢kEng unIt￿ CharltloB Wè have audited the financial st8tomonts of BocknThJ United Charitigs forthe y88rgndgd 30 June 2021 which cornptiSB th8 Stalementol Compr8h8n8ivg In¢om8. Ihe Stalgment of Change8 in Equity, tho Statement of Fin8nci&l Position, and Ihe r6lated not88. The financial rewting frarn8work thal has b8&n 8ppli8d in th8lr preparatltsn 1$ appll(•blè lawand United Kingdom Accounting Stand8rd8 Iunlted KSngdom Genèr811yAccepled Accounti￿ Prac￿¢¢) including FRS 102'Th8 Finan￿1 Reporfng Standa14J applicable In the UK And RepubliG of Ireland" Th18 r8port is made soletyto Ihe h￿SIng ￿0(aatIOnS iM)aTd, a$a body, In a¢cordan¢e wlth regulalion8 made undor section 154 of Charfiies A¢t 2011 and setlK)n 137 of the Hou5tng and Regen8r8tion Ac12008. Ouraudllwork has beon undertaken so thBt we might State to thp 8sso¢iation'$ board th¢)se matters we ar¢ requir8d lo stat8 to Ih8m in 8uditorfs report and for no olherpurpose. To the fulleslextent pemitted bylaw, ￿ do nol accept or 8S8ume r8spDn8ibility lo anyone other¢han th& associallon's board a$ a body, forour audit wo￿. for thi8 report, ortr the opinÉt)nswe havelorrn8d. RESPECTWE RESPONSIBILITIES OF TR(ISYEesAND AUDITOR5 A6 explalned more fully In th8 Board of Truslee$ Responslbllllles Ststement sel Olrton page 24, the Board is re8PDnsibl& for the p￿pa￿tiOTr of the financial statements thl¢h glvè a t¥ue and fair wew. W8 h8ve b89n appointed a6 audltor under $￿tiOn 145 of Ihe Charities Act 2011 and report i cordancg with regulatEons made under6ectk)ft 154 of thatAct. 04Jr responsibility 18 to 8udit and express an opinion on Ihg Ilnancial stalomant5 In AccordafKewth appli￿bI818w and In18malional Stsndards on Audithng IVK a￿d Irelandl. Those 8trdndard$ require u8 to complywth theAudllny Pracb¢o3 Board* EU)ical Standards for Audilots. SCOPE OF THEAUDIT OF THE FIIIANCIAL STATEMENTS An audlt Invo￿$ oblair¥ng 8VKIEnce alxmjtthe amounts 8nd di$ctosure8 in Ihefin8n¢ial statements sufficlent to giv6 fy8sonab18 as8ur8nce that the finanual slatsments aTr free from molerial mis5talement. whelhor oau$8d byfraud Qr 8rror. This includes an assessmentof= whetheTthe accounti￿9 policle5 are )proprfate to the association'8 clr¢umstsnces end hav$ bèen ¢onsistèntly ap￿ie￿ and Bdequalelydisdosrf. the reasonab18n88s of stgnifiearit accountlng esllmates madè by th8 bo$td', 8nd th8 OV8r811 pr&s8ntation of lh8 financial slatements. In addibon, we lead all the flnancial ar￿ non-ffinancial infomJ8knon in th8 Board of Tru81885 R8POrt to Identify moierial inctsnsistenc*eswilh the audited ffin8ncial statements. Ifwe be￿rne aware of any app8rent malerlal mis51alernents or incons1s1enc￿ we consider Ihe implirali(ms for our report. Irregu18rlUos. induding fraud, are instances of non¥CA)M￿hnC& wbth laws and reguladons. We ¢Jeslgn ptocethJr8S In Ilne vllh our respon55bllitie5 to detect Tnat8rial misstalemgnts Sn respe¢t ol Irregularflles. Induding frdud. Th8 extent lo which ¢￿[ PFOC8dur88 ar8 Capable of d8te£tsng IrrogulatitiE4 ￿ClUdI￿￿ fmd is detait6tl bplow.. We galned an understanding o1th8 legal and regulat(xyframOWDrk appli¢ableloithe charityattd the industry in hl¢h It 0￿￿t¢S and consider8d lh8 risk to Ihe chatity ol not tomplying with such laws and regUla￿OnS. including fraud. where nortrcornplianca could have a malerf81 Impact on the financl81 State￿￿nts. Pa￿5 OPINION ON FINAJ4CIAL STATEMENTS The risks W8T8 dlscu$$ed ￿th the au(It tgatn and wo t8maln8d alert to any Ir￿£¢a￿OnS ol nonoomKAiance throuohwlth& aytht. We ¢aFTigd (￿tS￿clfrC procedur88 to address lh8 ri$ks identified as Idlows.. Review of thè ¢Mlr¢l enwronmeDI Review of tIU51ee rneeting minul85 Ag￿lft9 finanda15tatement disd0sL￿S to supporthng do¢wientstson . Re¥￿1￿ the key accounting ￿ld88 e$Uma￿S To address th8 rfsk of mahagemefitoverride of we caThied out tesuny oflourn41 enlrie5 t bew* kopt,. or the financlal Ètatements are not in agfeEmentvAh the accounlinu re¢ords and ielums., or we have not recelved all the inlomiat4on and explanaikpn5 we requirefor our audit. In 8dthtkbn, Yw hwe nolhing lo report In resp8¢t of the followi￿ matterK41w8 th8 Houskng and a Sallsfaciorysystem of Contr￿ ovorlransa¢loTrs ha5 not been m8lntaln8d. Andr Kaw Iswlorstalulory A￿jItOrI for and on behalfof Fishw Mid)8g1. Slalutory Audilor The (Jd Grang•, Warren Estate Lordshlp Road Writtle. Ch81msford Ess8x, CM1 3WT 3C•a Poge 6 Page 7 BOCKING VNITEO CHARITIES STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDEO 30 JUNE 2021 2021 2020 Notos Turnover 107.899 143,812 Operalng Costs 1189.5681 1184,023) Operatlng Surplu$ I dofi¢lt {81.669) {40.2111 Inleresl receivable similar irtome 3.527 3,795 Suwus I Idefial) on Ordinary aetivilie8 before tsxation 17fj1421 136,4161 Tax on surplus ￿ Ord￿ary actlviiies Surplus I (deflclt) for the yèar 1711421 {36,416) Othèr C¢mprehenslve Incomè Revaluation 14 708.749 (3,142) Total Compr•h•nslvo In¢ome for the yèar 630.607 139,558} On behalf of tho Board of Truste8s'. Name D Mann D Smith Page 7 BO¢1￿¢ UMTED CHARMES STATÈMENT OF CHANGES IN EQUITY FOR THE YEARENDED 30JUNE2021 Rgvenufr D￿l￿rtaied rosorvo8 Rev¥lu￿rOn Al 1 ￿1¥2020 Loss lor th&year 1.166.e24 178,1421 7&769 1.263,245 2.530,836 178,1421 708.749 70&749 30 Jun• 2021 i.Q90.6V2 71,769 1.9DI,995 1161A46 PJg•8 BOCKING UNITED CHARITIES STATEMEl+lT OF FINANCIAL POSITION AS AT 30 JUNE 2021 Notes 2021 2020 Tangible flxed assets Tangible fixed assets Inv&stments 2.866,544 176,913 3,043,457 2.222.034 152.410 2,374,445 10 Current Assets Debtors Cash and cash equivalents 11 17,654 114.182 49,888 140.776 131,836 190,664 Less: Creditors Amount5 falling due within one year 12 (13,847) (34,270) Net current assets l (liabilities) 117.989 156.394 Total assets less current liabilities 3,161,446 2,530,837 Capital and R9$9rv95 Revenue Reserv6 Designated Reserves Restrictsd Res8rv& Total Capilal & Resorves 1.090,682 78,769 1.991,995 3,161,446 1.168,824 78,769 1,283.245 2.530,837 13 14 On b8half of the Board of Trustees: Name D Mann D Sfflith Page 9 OOCIUNG UNITED CHARmE8 sTATEME1￿oF CA8H FLOWS FOR THE YEAR ENDEIJ JO JUNE 2021 2020 Calh Infiowfrom gPQfOtlon CortX)Taknon tax pafd 15 12,4831 12,450 Not ush Inllow ty￿rathi9 4¢Uv61198 12M831 12.4S Cash flDW from knw4llng xllvlll Purchase of fixed os5els Inlere$trtrc¥iv8d 127,6371 3,527 122,47È1 3,795 NBt cash Irkftowlrom l{uged Inl tnv08tlny aelSvHIo¥ 126.5931 18.2321 Not lrt¢reas0 In cash 8nd ¢a8th wulvalonls Cash and cash equlvalents al Ih? bo9lnnlny of Iheyear 126,$931 140,776 16,2321 147,008 AlTr¥nd Ca•bag￿l¥al￿ttt*alth• qnd of thgyoar 114,182 14D.776 P846 10 NOTESTOTME F*lAIK￿Ls7￿T￿F￿Ts FOR ThEIEAReiiDEDJOWN22& I PWK¢￿￿ACCOUN1v4ts Poi￿lEs Tha a¢¢wr* ￿sL4thn￿Y from £￿ swrfo In In b8Bn pr￿￿￿r&Tth? Nsrort¢4 FRS 102 s￿nd3[￿ awl¢ailv In UK and of Iréland IFRS 102}. SORP 2ts15 fly IwstOF8d sorw hwlwJ woVwY¢ts SORP ptppatakn ol th• In r)￿n￿l￿[lCO *llh FRS 102 14* usè of certakn 11 re￿￿￿$ thB MaT￿ll￿nI to JLWJgen￿rlll th• ChaW'p pol*A¢¥. kn a[￿￿ ol Ivwènt Or *935 ythe Tur￿￿01 rentsl [￿C￿￿￿bt9 rBnl Its5￿ v&d9l. yer¥lces Inth￿d al tho VATI olgr*)d8 6ervk45 WmiBd r￿￿llegra￿￿￿V￿thAbl8ln￿￿On￿Elmtit￿sa￿0fd￿forTOdupl* ar•n Mouslngprwrtt atfalrvatug ks5 ond gubyequ6nl aCcU￿&t&￿Impl1￿È￿ ￿$¢9. th11141c05lfg￿￿￿l l￿C￿¥S ¢05t of thnd and bu1￿%. ¢¢M$. i(ts1£st ckn Incurr•d thv periLvJ and 81p8ndl￿re of knpro¥￿fi￿ls which ha¥8 kn dr* to tho ¥wl ab (iiqcly ov8thBa& r￿1% ond ststt Im¢ aSs¢ci&ted WI￿ dovekwnls. Iha Bre thIenth￿ by lyn ￿￿e ba51& by valjgrs. Thb Ch• 101 Plty¢tbpS accow1¥￿. A hDLpsth9 WOP*ty ts dfr4IdFd ￿t0 tohav•EubstantsatydKf9Wiu6ekn¢(yJtthn￿1￿e￿. 7h8 Comp)nAM Slluthre he rs WihnD U$o14lE¢oMomkLIIo 50Year6 Y)Ye¥s 16Yyars 30Y¢*ts 30Ye2T5 3DYwdrs g)YegN8 30¥￿ 30Y￿S WinJthYA Whw• of on [￿aced. ofthv tornp￿qnt ofth Itgrn%rw wpwgfy a5 Ifjan inereaw ngt Ev￿r￿fie0tthe 0thorfix•d asi•tB•nd Wa Otlkrffixed gr8 W¥l1959 deweualnn. OV¢¢￿￿1$ ¢hW thè yéar rK* St￿￿￿gh1th klokirV8lwttlob 25% P•11 I pR￿GIP￿LAc¢Qu?lIINO pOL￿lEs Iconlljuodl ImpAlrm•hto1t*n#lb￿}1Xad 85*ets Tanylble fixed assDts lrnainly hou¥lng wop6rti*l 8r& a55essed for IAdt¢8tors ol itnpaitmenl at each reportlng data. Where Inrtkators ar8 ld8n1￿ed 8 deigiled 8sswmtffl is thgn undBrt*(en lo delerrrtn¢ th& ass￿￿ or cBsh generatTffto urdts ICGV$l reeA)ver8ble 8mtyJ*i. The ￿CoveTab￿ atnount th& hvJhaT of fair vahje le9S fX)sts io s611. or Existi￿g il&e Valuaifon lor SocK41 Housing IEUV-SHI. or Val￿& in Use Iln rBst*cl of ass81s for IhelT Berv428 Ptst¢nli•ll IVIU-SPI. Ag 8llowed by ￿tyJ￿n9 SORP 20141h8 ¢marfty¥sè8 Dem¢iated ReplaBernenl Cost IDRCI as aTeas(xwtkn 891hnat6 olVIU-SP. Where Ihe carrylng amount asset or CGU 18 d80Med to èxeèd Its r8eA>verabl& amount, Iho excess Ylll b8 rec￿(￿8￿ In th8 Income Exp8ndSlurfj knrounl. Fknan¢id assèts aslc ffnartk81 a￿et$. kncludiru 1gn8nl dobior$ and Olher debtors, Cash and bank balan￿, In[￿dIY r4rAJgnl$ed at tr8ngAciloft unlèss the aTrangemenl w)$lilutots a finBnung Iransa¢lron. where lh¢ tran5aGknon is measured 81 pr9E￿I value of Ihe fuiure rd¢slpl¥di5COLrtgd at a m8rf(el rsts of In￿￿¢$1. Suth assets are $ubg¢outnlly&?Ttigd atamarbsed costuslllg th8 effecuve interegl meihod. BaslG 1111ondal In¥trumBnts, Including IrBd& W other ¢b*ditots, and k>gnS, are INl18lby rlcoynised at tr8nsathw wli*. bnl85s Ihe arrdngemenl ¢on$lilUtes a fin￿Cing Ir8n$a¢bon. th tho inslriwnent is m&Asured al Iha present value of Ihe fulure payrnents disCo￿nied￿l a mart81 ralè of Intgresl. Capllal DevelopmèDtGrant Csp5ts1 tI8v8knpm8nt Crnnl re¢eW in 1fi6PBci of compleled propertles at 30 2014 ha& 8¢count￿ for u*ng thg perf¢mian¢o In apjying thls model, 9r*l has begn pregenled 85 If ftworo orfginallyTetognlsed In tho Incomtr and ExpendltwB Inth6 y88r il was recei￿0. and th8roforo hats beeR Int*￿e0 In tr*ouyhl fopw8rd Reverkue Reserves. De¥•lowN8nl Gtant 15 rwyablfj In cert8ln ¢I￿uMStan[eS, pdmarfly s810 0( a wopty. w￿re 9MI bec￿￿￿$ repayaNe. a IlabHltyiscre4ted bychgrglnp tha dL9P05ar￿ththe YAlufy oflha gwartto ￿ ropald. Taxatlon The CharEtyls exemplfrom laxon ItBchsrftsble ¥KtI￿les. Cycllcol malttt•nano To Iht tmlpnl Ihat11 IB probable th&llundA ba ¥ullyulili5ed ￿er couise oltho ftyJryearThainienance ¢yc*. ihp amounlof at fvndlrLg ismalni8ingd ￿ a cycl[C￿ rnaintvn*nce destgnated reseNB. Emorgon¢yM)alts Thfr eM9r￿￿￿ repgws reyerve repros¢nts prowthon offvnd5 de0￿*d lo to c¢w8r the exp￿dIlUr9 Tequired *) repiBcearrepalrltoms ￿(h as ￿lerS Ih81 rnay breakdwn orn￿1 repairfng unexpectqdly. Pay 12 BOCKING UNITED CHARITIES NOTES TO THE FINPJ4CIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 2 CRITICAL ACCOUNTING JUDGEMENTS AND ESTIMATION UNCERTAINrrY {¢ontinued} The preparation of financial statements in conformlty w*th FRS 102 f8quires that management lo exercise its judgement in the process of applying the Charitys accounting policies. Estimates and ludg8mènts are continually evaluated and are based on hlslorical experience and olher factors. Includlftg expectations of fulure events that are believed to be reasonable under the Circumstances. (al Criti¢al judgemènts in applylng the Charlty's accounting pollcle¥ 11) Datormlnlng v•h&ther 8n impaifment revtew Is requlrad Determining whether there arg indicators of impairmenl of the Charitrfs tangible assels requires judggmenl. The following are considered lo bo indicators of impairmen( bul other events may Indlcale that gn impairment rgvi8w is required: A change lft government rK)licy. regulalltM or leglslalion- A r8duction in dem8nd for a property leilher by type or locaflon. possibly evidenced by wicreased voids). A reduction in the market value of shared ownership pro￿rtIos. and Obsolescence of a property {i.e. il is p12nned to reg8nerate Ihe propety by demolishing ill. 1111 The group of assets that cons(Itut•s a cash generatlng unlt for Impalrm•nl testlng Jvdgèment is required when detemlr)Ing what the smallest identifiable group of assets that g8nerat8s cash tlows that are largely independ9nl of the cash flows from other assets or groups of assets. {b) Key accounting es¢imatss and assumptlons The Charity makes eslimales and assumptions con￿mIng the future. The resulling accounting estimates wlll by definition, seldom equal the relat8d results. The eslimales and assumptions that have a significant rlsk of causlng a m818ri81 aijjuslmènt lo the earrying amounts of assets and Ilabllilies wlthln the next finanei81 year are as follows- {1) Useful economic lives of tangib￿ Ilxed 8SSots Tallgible fixed assets are depr¢¢ialed over their useful lives taking into account residual values, where appropriate. The annual depreciation charge for tangible fixed assets Is sensitive to changes in Ihe estimated LFseful economic lives and resldual values of the assets. The actual lives of the assets and residual value8 are assessed annually and may vary dèpènding on a number of factors. In re-assessing asset lives, factors such as lechnologlcal Innovatlon, product life cydes and maintenance pr¢wmmo8 are tsken into account. {il) Impalrnient of debtors The Charfty mBkas an estlmale of the recoverable value of lenant and other deblors. When assessing impaimient Df tenant and other debtors. management considers faclors including tho ageing profile of debtors and hlslorlcal oxperience. Pagè 13 BOCKING UNITED CHARITIES NOTES TO THE FINANCIAL 8TATeMENTS FOR THE YEAR ENDED 30 JUNE 2021 PARTICULARS OF TURNOVER AND OPERATING SURPLUS 2021 Opewatlng Opwatlng $y￿1u$ I Ideficitl Tumowr Income and Expendilurg from Lettirfjs Managemenl serykns 107.899 {174.9271 8,945 167,0281 8,945 107.899 (165.9821 158.0831 2020 Operatlno Nèt •urplu8 Turnover Costs l{d•fl¢lt) Income and Eypendliure fr(#n Lettsngs Managemènt $8rvic8S 143.812 1174,9271 19,0961 {31,1151 {9,0961 141812 1184,11231 140.2111 Twnovor from Lettlng8 2021 2020 R8ni8 r8(xfvable net of Identifiable ¢hargg8 Serwce charye Income 124.057 lo,￿)0 124.070 40,S03 134.950 127,0511 164,573 120,7811 L0s8es from vc4ds Total tummrfrorn lgttlngs lo7￿99 143.812 Opornllnq Costs from Lthngs 2021 2020 Houslng accommodatlon MaTr8g8m8 Roullne maSntenance Dapreci8bon of housing propodltss In¢re889 in l)ad debt provis¥)n 91.103 27.466 67.375 3,624 82.946 31.985 67,374 1,718 Total operating ¢051$ 189.56B 184.023 Page 14 gO¢K11131111rrED¢HPJIITIEB N07E8TOTHEFMIANcfALSTATEAIEMTSloanlTru•d FQR THEYE•41EtIDED 30JUNE2021 KEY M*IIAGEME14TREMUNEAATIOM Forthepurrxwofthlx dl$clo$uthKeyM*agementwo dgfingd aBthe rnembersofthg ComTr￿Ofma￿jeMsrt. R￿￿nera￿On Exp$rp805 EMPLOYEE INFORI4ATION No PE￿1>￿6wero emVoya&alaTwlm84Yuriwtha yeai bythe ChHtity12020.' nong), TERESY RECBWABLE AWD 81ML*R INCOME 2021 Other 3.627 3.795 &527 &718 SURPLUS ON OROIPIARY A¢TIVITIES BEFORETAX 2021 18 glated aftercharw i Icredltlngl. DewecPdlknfi of howlng 67,375 67.375 Dbpfeclgtton olollwtengb xed 8ssetg AuditorG' remunerauon 1￿cludIngVATI-. forlh¢k yudll oIth•flna￿[ 61aigm8r*ts 1A72 2,273 Pago 15 Bo¢klng ilnlted Cknarfth8 NOYESTO THE FINANCIALSTATÈMENTS l¢onllnu•dl year0r￿d 30 Jtsn&2021 TAMTION 2021 2020 UK eorpNat4on tax Total CLKr4nt tax ondtax o surplu5 1 Id•ft¢ltl on ordlnary actlvltie& Tho t8Xa88ttsed forihè p8ik)d 1$ hlohÈrlhani￿ SloNlard raté of ryjrporallo tax lh8 UK. ThedrfferenGe1s explained bglov. 2021 2020 Sur￿us I Idefic]tl ordlnary ¥¢￿¥11198 befor6 t8X [18,1421 138,418) sur￿￿$ I Id•fioll on ordinary 8ctiviUes altht stsndgtd rate of ¢orporation In the UK o11VA 12020.. 19%) 114,8471 16,9191 Effectof.. Surplus not ch6rgeth to corpora￿0￿ Tax 14047 e.979 16 Bocklng Unlted GhHrltl•8 NOTES TO TrIE FINANCIAL STATEMENTS {¢ontlnuedl Year ended 30 Jun• 21121 TANGIBLE FIXED ASSETS Hou$ln9 propertles Soeuylty Ilghtlng MotOT vehlcles Total Valuatlon I Cost At 1 July 2020 Additions Disposals Revaluallon 2,397,201 27.63T 3,990 9,780 2.410.971 27,837 533.758 533,T58 At 30 Juno 2021 2.954596 3.990 9.78 2,972P86 Accumulated dep￿latIon At l July 2020 Wrlte off 8tNcture Depcn Chargg for Ihe year 175.167 199 9.780 181937 1150A891 67,375 1150,489} 67,3T5 At30 Jun• 2021 92,052 3.990 9.780 105.822 N•t book value At 30 June 2021 2,866,544 2.866.545 AI 30 ju￿ 2020 2,266,931 2.266,931 Not BookValu• b•fvr¢ doprgcljtlon and ex¢1 valuatlon 2021 2020 Nel Book Value 9(10,220 934.971 The properties included al their revalued amounts were valued on an existing use basis by CC Woodhouse FRICS of Christopher Woodhouse and Associates, Braintre8 Essex as at 30 June 2021. The Housing Propèrties will be revalued again on 30th June 2024. Paga 17 Bo¢king lJnltsd Charltl85 NOTES TOThE FIN1I4CIAL STATEMENTS Icontlnuedl Ymr ended 30 Junè 2021 10 INVESTIIENTS Llsl•d Invo8lmont At l July 2020 R8V81uatlon 152.410 24,502 At 311Jun•2021 176,913 DEBTORS 2021 2020 Rent and servfts £hoige atrears Less.. pro*i$ion for bad dab18 10,493 15.3891 2.318 11,78SI 5,104 $63 Olh8r(Jei)tws 12,550 49,325 17,654 4g.888 12 CREDITORS: amounts falllrtg duo wlthln OFte yoar 2021 2020 Prapald rent Oilw creditors and 8ccrnals 9,1 4.653 29.r27 5,043 11847 34,270 13 DESIGNATED RESERVES utlllséd In the At30 2020 2021 Cydi¢81 malnlw Emergency repalts Furnrture and white goods Enhancanwnt 5B,655 15.761 3,82D 2.524 15.761 3,8 7476# 78,769 8o¢klno Unlted Charltles NOTES TOTHE FINANCIAL STATEMENTS Icontlnuedl Year ended 30 Juno 2021 14 REVALUATION RESERVES Inv•strnent In tha yOaT Total P¥oporty At 1 July 2020 RevalU￿On Surplus In thè yegr Accumulated Depcn Wloff 1.185,891 533,758 150.4 97,355 24,500 1.283,246 SS8,259 150,490 At 30 Jun• 21121 1.870.139 121,855 1,991.995 15 NOTE TO THE STATEMENT OF CASH FLOWS 202q 2020 8urplu$ I Idetl¢ltl forth• finan¢lal year T8xatKJn for lh& year 178,1421 136.4161 Svrplus I Idafjclt) for theillnanclal y•ar bolom taxatlon Int8r88t r8ceivable and simllar Income (7B,1421 3.5271 136,4161 13,7951 Opgratlng surplus l{deflclti Dspreciation Ilncre85e)I deC￿a8$ in debtors IOecreas&ll increase in ueditors 18fj,6691 67,375 32,234 120,4221 140,2111 67.375 119,9371 5.223 Not cash Inllow from operatlng •¢tlvltl•s 12.4931 12,450 16 CAPITAL COMMITMENTS 2021 2020 Expenditu￿ thal has been contracted for but hès not baen provlded for In the Ilnanclal statements Expe￿IllUre that has l*en aulhorised by the Cornmittee of klanog8m8rTrl but ha8 llot yet been contracted for Page 19 Bocklng Unlied Charlths NOTES TO THE FINANCIAL STATEMENT8 Icontlnuodl Yaar•nded 30 June 2021 17 CONTINGÉNT LIABILITIES The Charity hus 8 contingerkt liability Sn re8pe¢t of Capital D8V8lopment Grants {GrAntsl that ha￿ been rd8880d to lh8 In¢omB and Ex￿nditure Account through the p8rfomi8n¢e model. A 1lkbilityv￿Il be recognlsed when a propertythatwa5 funded by way of Grant is disp05ed. 2021 2020 Cap5t81 Developnent Grant 649.000 849,000 18 UNITSAND BED SPACES IN MANAGEMENT 2021 Number 2020 Numbèr Unlts In monagemtnt and own•d Eldorfy ar￿ learnlng dIffiCu￿ unlts 27 27 Total Own 27 19 LEGISLATIVE PROVISIONS ChaTTtyts a R8glstered Soclal Houslng ProvideruThler Th@ Houdng ond Regenerdmon Act 2008. Th& Charfty1s4 Publlc Benefit Entlty. RELATED PARTY TRANSACTIONS Nothing lo nol&. Pag6 20