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|Contents|||||
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|||||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|||
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|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%|
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||||||||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|
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|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|
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|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|
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|||||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|
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|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||
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|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||||
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||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|
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|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|
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|||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|
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|11|Creditors: amounts|falling|due after|more than one year|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|6|
||Deferred income —Housing||Association|Grant|185,231|185,231|
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