2021-03-31-accounts

THE CHARITY OF MARJORIE HURST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

Contents
				Page
Registered	Social Housing Provider		Information
Report ofthe Trustees
Accountants	Report
Statement	of Comprehensive Income
Statement	of Financial	Position
Statement	ofChanges	in reserves
Notes to the financial		statements		10

Registered	Charity number		215596
Regulator ofSocial Housing		registration	A4057
number
Trustees ofthe Charity			Mr. D. R. Dallimore,		Chairman
			Mr C.T. Hurrell
			Mr. P.A. Baron
			Mr. S.D. Armstrong
			Mrs. V.J.Young
Clerk to the Trustees			Mrs. S.Baron
Registered	office		1 St. Peter's Avenue
			Knutsford
			Cheshire
			WA16 ODN
Accountant			Harts Ltd
			Westminster House
			10Westminster	Rd
			Macclesfield
			Cheshire
			SK101BX
Bankers			Natwest Bank
			82 King Street
			Knutsford
			Cheshire
			WA16 6EG

Trustees of	the Charity
Clerk to the	Trustees
Registered	office

maintaining the ten almsh	ouses		as quality housing	for mature peop	le at a co
				2021	2020
Reinvestment %				0%	0%
New Supply (Social housing	units)		%	0%	0%
New Supply (Non-social housing		units) %		0%	0%
Gearing %				22%	38%
EBITDA MRI interest cover	%			0%	0%
Headline social housing cost 6				B2,486	F2,794
Operating margin (social housing			lettings) %	37%	27%
Operating margin (overall)	%			81%	1%
Return on capital employed	%			5%	0%

								2021	2020
								Continuing	Continuing
								Operetlone	Operetlone
								TOTAL	TOTAL
							Note
Turnover							2	41,342	39,489
Operating		expenditure					2	(25,932)	(28,978)
Operating		surplus	/ (deficit)					15,410	10,511
Interest receivable			and dividend		income		4	5,366	6,439
Profit / (loss) on fair value movement						of investments	9	12,860	(17,202)
Surplus	/	(deficit)	on	ordinary	activities for the year before tax			33,636	(252)
Tax on surplus / (deficit) on ordinary						activities
Surplus	/	(deficit)	for	the year	after	tax		33,636	(252)
Total comprehensive				income	for the year			33,636	(252)

			2021	2020
		Vote	6	6
Fixed assets
Property, Plant and Equipment		7	348,183	349,224
Current assets
Debtors		8	1,011	961
Current asset investments		9	217,615	124,127
Cash at bank and in hand			75,677	133,769
			294,303	258,857
Creditors: amounts falling	due within one year	10	3,326	2,557
Net current assets I (liabilities)			290,977	256,300
Total assets less current	liabilities		639,160	605,524
Creditors: amounts falling	due after more than one year	11	185,231	185,231
Total net assets I(liabilities)			453,929	420,293
Reserves
Income and expenditure reserve			453,929	420,293

tricted funds
	2021	2020
		6
At 1"April 2020	420,293	420,545
Surplus / (Deficit) for the year	33,636	(252)
At 31"March 2021	453,929	420,293

						2021	2020
						Total	Total
Income from donations		and	legacies
Donations received						20
Turnover from social housing				lettings
Maintenance contribution		receivable				41 322	39,489
Total Turnover						41,342	39,489
Operating expenditure
Clerks Remuneration						5,250	5,000
Warden cost						2,439	2,309
Garden upkeep						1,119	575
Routine maintenance						2,806	5,013
Planned maintenance						7,933	9,635
Plant & machinery	depreciation					1,041	1,041
Heat and light						453	375
Rates and water						445
Telephone						444	573
Insurance						974	939
Print, post &stationery						168	169
Accountancy						1,860	1,860
Travel costs						32
Subscriptions						586	486
Sundries						155	203
Bank 8, investment	charges					227
Donations							800
Administrative expenditure			on	social housing	lettings	25,932	28,978
Operating surplus	I(deficit)		on	social housing	lettings	15,410	10,511
Void losses						2 625	1,671

3	Accomm	odatio	n	o	wned and in	management
							Number	of	Number of
							units at		units at
							1~April		31~March
							2021		2020
	Self-contained		homes at affordable			rent levels:
	Housing	for older		people				10	10
4	Interest	receivable			and dividend	income
							2021		2020
	Bank and	building		society deposits				579	785
	Dividends	receivable						4,787	5,654
								5,366	6,439

		2021	2020
			f
Clerk to the	Trustees
Unsalaried	Trustees
Total

		Housing properties	Land	Plant & machinery	Total
		for letting
Cost:
At 1"April 2020		227,955	113,978	10,415	352,348
Additions during	year
At 31"March 2021		227,955	113,978	10,415	352,348
Depreciation: At 1"April 2020				3,124	3,124
Charge for year				1,041	1,041
At 31"March 2021				4,165	4,165
Net book value:
At31"March 2020		227,955	113,978	7,291	349,224
At 31~ March 2021		227,955	113,978	6,250	348,183

8	Debtors
			2021	2020
			E	E
	Trade debtors		234	290
	Prepayments	and accrued income	682	671
	Sundry debtors		95
			1,011	961
9	Current asset	investments
			2021	2020
			E	E
	Listed investments		138,204	58,639
	Other investments		79,411	65,488
			217,615	124,127

						2021	2020
						E	E
	Rental income received		in advance			212	34
	Accruals and deferred		income			3,114	2,523
						3326	2 557
11	Creditors: amounts	falling due after			more than one year
						2021	2020
						E	E
	Deferred income —Housing			Association	Grant	185,231	185,231