| Contents | ||||
|---|---|---|---|---|
| Page | ||||
| Registered | Social Housing Provider |
Information | ||
| Report ofthe Trustees | ||||
| Accountants | Report | |||
| Statement | of Comprehensive Income |
|||
| Statement | of Financial | Position | ||
| Statement | of Changes | in resenres | 10 | |
| Notes to the financial | statements |
| maintaining the ten almsh |
ouses | as quality housing |
for mature peopl |
e at a co |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Reinvestment % |
0% | 0% | ||
| New Supply (Social housing | units) % | 0% | 0% | |
| New Supply (Non-social housing |
units) % | 0% | 0% | |
| Gearing % | 24% | -24% | ||
| EBITDA MR I interest cover | % | |||
| Headline social housing cost8 |
64,674 | 82,402 | ||
| Operating margin (social housing |
lettings) % | -8% | 42% | |
| Operating margin (overall) |
% | 19% | 73% | |
| Return on capital employed |
% | 2% | 10% |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Continuing | Continuing | |||||||
| Operations | Opsrsttone | |||||||
| TOTAL | TOTAL | |||||||
| f | f | |||||||
| Nots | ||||||||
| Turnover | 2 | 44,070 | 43,407 | |||||
| Operating | expenditure | 2 | (47,782) | (25,063) | ||||
| Operating | surplus | / (deficit) | (3,712) | 18,344 | ||||
| Interest receivable | and dividend | income | 4 | 10,160 | 8,821 | |||
| Profit / (loss) on fair value movement | of investments | 9 | 5,091 | 41,174 | ||||
| Surplus | / | (deficit) | on ordinary | activities for the year before tax | 15,251 | 49,995 | ||
| Tax on surplus / (deficit) on ordinary |
activities | |||||||
| Surplus | / | (deficit) | for the year | after tax | 11,539 | 68,339 | ||
| Total comprehensive income |
for the year | 11,539 | 68,339 |
| FINANCIAL STATEMENTS F | FINANCIAL STATEMENTS F | OR THE YEAR ENDED 31 M | ARCH 2023 | ||
|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL | POSITION | ||||
| 2023 | 2022 | ||||
| Note | 6 | F | |||
| Fixed assets | |||||
| Property, Plant and Equipment |
7 | 346,100 | 347,141 | ||
| Current assets | |||||
| Debtors | 23,194 | 22,018 | |||
| Current asset investments | 270,786 | 262,282 | |||
| Cash at bank and in hand | 82,905 | 82,867 | |||
| 376,885 | 367,167 | ||||
| Creditors: amounts falling |
due | within one year | 10 | 3,947 | 6,809 |
| Net current assets I(liabilities) | 372,938 | 360,358 | |||
| Total assets less current | liabilities | 719,038 | 707,499 | ||
| Creditors: amounts falling |
due | after more than one year | 185,231 | 185,231 | |
| Total net assets I(liabilities) | 533,807 | 522,268 | |||
| Reserves | |||||
| Income and expenditure reserve |
533,807 | 522,268 |
| Unrestricted funds |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| At 1"April 2022 Surplus/(Deficit) |
for the year | 522,268 11,539 |
453,929 68,339 |
| At 31"March 2023 | 533,807 | 522,268 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Turnover from social housing lettings Maintenance contribution receivable |
44070 | 43407 | |||
| Total Turnover | 44,070 | 43,407 | |||
| Operating expenditure |
|||||
| Clerks Remuneration | 7,000 | 6,000 | |||
| Warden cost | 2,176 | 2,302 | |||
| Garden upkeep Routine maintenance |
269 3,785 |
843 3,625 |
|||
| Planned maintenance |
4,648 | ||||
| Major repairs expenditure Plant 8 machinery depreciation |
22,856 1,041 |
1,008 1,041 |
|||
| Heat and light Telephone Insurance |
60 972 1,130 |
201 537 1,005 |
|||
| Print, post 8 stationery Accountancy |
30 2,088 |
108 1,968 |
|||
| Professional fees |
4,832 | ||||
| Travel costs | 18 | 36 | |||
| Subscriptions Sundries |
619 626 |
589 159 |
|||
| Bank &investment charges Donations |
180 100 |
243 750 |
|||
| Administrative expenditure |
on social housing | lettings | 47 782 | 25 063 | |
| Operating surplus I(deficit) on social housing |
lettings | (3,712) | 18,344 | ||
| Void losses | 0 | 457 |
| 3 | Accommodation | Accommodation | Accommodation | owned and in management | owned and in management | ||||
|---|---|---|---|---|---|---|---|---|---|
| Number | of | Number | of | ||||||
| units at | units at | ||||||||
| fu April | 31"March | ||||||||
| 2023 | 2022 | ||||||||
| Self-contained | homes at affordable | rent levels: | |||||||
| Housing | for older | people | 10 | 10 | |||||
| 4 | Interest | receivable and dividend | income | ||||||
| 2023 | 2022 | ||||||||
| E | 6 | ||||||||
| Bank and | building | society deposits | 778 | 19 | |||||
| Dividends | receivable | 8,426 | 8,583 | ||||||
| Other interest | receivable | 956 | 219 | ||||||
| 10,160 | 8,821 |
| The average | monthly number of stalf employed d |
uring the year was as follows: | |
|---|---|---|---|
| 2023f | 2022 6 |
||
| Clerk to the | Trustees | 1 | 1 |
| Unsalaried | Trustees | 5 | 5 |
| Total |
| Housing properties |
Land | Plant & machinenr |
Total | |
|---|---|---|---|---|
| for letting | ||||
| Cost: | ||||
| At 1a April 2022 | 227,955 | 113,978 | 10,415 | 352,348 |
| Additions during year |
||||
| At 31a March 2023 | 227,955 | 113,978 | 10,415 | 352,348 |
| Depreciation: | ||||
| At 1"April 2022 Charge for year |
5,207 1,041 |
6,207 1,041 |
||
| At 31"March 2023 | 6,248 | 6,248 | ||
| Net book value: | ||||
| At31"March 2022 | 227,955 | 113,978 | 5,208 | 347,141 |
| At 31~ March 2023 | 227,955 | 113,978 | 4,167 | 346,100 |
| 8 | Debtors | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| Trade debtors | 723 | 696 | ||
| Prepayments and accrued income |
929 | 693 | ||
| Sundry debtors Ollerton Educational |
Foundation | 366 21,176 |
409 20,219 |
|
| 23 194 | 22 017 | |||
| 9 | Current asset investments | |||
| 2023 | 2022 | |||
| E | F | |||
| Listed investments | 187,079 | 175,621 | ||
| Other investments | 83,707 | 86,661 | ||
| 270,786 | 262,282 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | E | ||
| Other creditors —Trustees expenses Rental income received in advance |
200 33 |
179 | |
| Accruals and deferred | income | 3,714 | 6,630 |
| 3,947 | 9 309 |
| 11 | Creditors: amounts | falling | due after | more than one year | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 6 | 6 | |||||
| Deferred income —Housing | Association | Grant | 185,231 | 185,231 |