THE CHARITY OF MARJORIE HURST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
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|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|
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|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|
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|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%|
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|||||||||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)|
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||||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|
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|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|
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|||||||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|
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|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|
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|||2021|2020|
|---|---|---|---|
||||f|
|Clerk to the|Trustees|||
|Unsalaried|Trustees|||
|Total||||
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|||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|
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|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|
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|||||||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|
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