| with total returns for the followi | ng ind |
ices: | ||
|---|---|---|---|---|
| Year | to 31.03.22 | Year to 31.03.21 | ||
| BD Risk Category 6 Benchmark | +9.6'/o | +23.5'/o | ||
| FTSE British Government All Iboxxf Corporate Bond Index FTSE All Share Index |
Stocks | Index | 5 1o/o -5.5'/o i 13 Oo/v |
-5.5'/o +10.1'/v ~26 7o/o |
| FTSE All World Ex UK Index | +12.6/o | +40.4'/o | ||
| IA Property Index |
+23.6/a | 2 to/o | ||
| IA Targeted Absolute Return |
Index | 2 5o/o | + 10.1'/o |
| Value | for Money Metric | Target 2023 | Actual 2022 | Target 2022 | Actual 2021 |
|---|---|---|---|---|---|
| One | - Reinvestment '/a |
2.3Ma | 2 3a/a | 1 5a/ | 1.5'/a |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| Note | 6 | 6 | |||
| Income from: | |||||
| Donations and legacies |
178,566 | 178,566 | 188,274 | ||
| Charitable activities |
219,505 | 219,505 | 196,862 | ||
| Investments | 9,473 | 9,473 | 9,681 | ||
| Total income | 407,544 | 407,544 | 394,817 | ||
| Expenditure on: |
|||||
| Raising funds | 3,390 | 3,390 | 3,133 | ||
| Charitable activities |
391,035 | 391,035 | 383,045 | ||
| Total expenditure | 394,425 | 394,425 | 386,178 | ||
| Net income before | net gains on investments | 13,119 | 13,119 | 8,639 | |
| Net gains on investments | 20,160 | 20,160 | 91,786 | ||
| Net movement in funds |
33,279 | 33,279 | 100,425 | ||
| Reconciliation offunds: |
|||||
| Total funds brought | forward | 2,725,112 | 2,725,112 | 2,624,687 | |
| Net movement in funds |
33,279 | 33,279 | 100,425 | ||
| Total funds carried forward | 2,758,391 | 2,758,391 | 2 725,112 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| 6 | |||
| St Mary the Virgin Estate Management | Charity | 178,566 | 176,566 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021f | 2021f | ||
| Donations | 1,882 | 1,882 | |
| St Mary the Virgin Estate Management | Charity | 186,392 | 186,392 |
| 188,274 | 188,274 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 E |
2022f | |||
| Contributions | from | residents | 219,505 | 219,505 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2021f | 2021f | |||
| Contributions | from | residents | 196,862 | 196,862 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| 6 | |||
| Dividends | and interest on investments | 9,466 | 9,466 |
| Bank deposit interest | 7 | 7 | |
| 9,473 | 9,473 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Dividends | and interest on investments | 9,535 | 9,535 |
| Bank deposit interest | 45 | 45 | |
| 9,581 | 9,681 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022f | 2022 E |
|||
| Investment | management | fees | 3,390 | 3,390 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2021f | 2021 5 |
|||
| Investment | management | fees | 3,133 | 3,133 |
| Unrestricted | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | Total | |||||||
| 2022f | 2022 F |
|||||||
| Direct | costs | - | Provision | of | sheltered | accommodation | 391,035 | 391,035 |
| Unrestricted | ||||||||
| funds | Total | |||||||
| 2021 | 2021f | |||||||
| Direct | costs | - | Provision | of | sheltered | accommodation | 383,045 | 383,045 |
| Activities | ||||||||
|---|---|---|---|---|---|---|---|---|
| undertaken | Support | Total | ||||||
| directly | costs | funds | ||||||
| 2022 | 2022 | 2022 | ||||||
| E | E | |||||||
| Direct | costs | - | Provision | ofsheltered | accommodation | 338,062 | 52,973 | 391,035 |
| Activities | ||||||||
| undertaken | Support | Total | ||||||
| directly | costs | funds | ||||||
| 2021f | 2021f | 2021 | ||||||
| Direct | costs | - | Provision | ofsheltered | accommodation | 338,102 | 44,943 | 383,045 |
| Direct costs- | ||||
|---|---|---|---|---|
| Provision of | ||||
| sheltered | Total | |||
| accommodation | funds | |||
| 2022 | 2022 | |||
| 6 | 6 | |||
| Staff costs | 107,608 | 107,808 | ||
| Depreciation | 76,339 | 76,339 | ||
| Water rates | 13,992 | 13,992 | ||
| Insurance | 5,291 | 5,291 | ||
| Lighting | and heating | 64,044 | 64,044 | |
| Repairs | and maintenance | 49,380 | 49,380 | |
| Upkeep | ol grounds | 11,926 | 11,926 | |
| Cleaning | and laundry | 2,140 | 2,140 | |
| Warden | call system | 13,104 | 13,104 | |
| Sundries | 569 | 569 | ||
| Clerk's salary | 7,507 | 7,507 | ||
| Housing | Association | grant released | (14,038) | (14,038) |
| 338,062 | 338,062 |
| Analysis of |
direct | costs (continued) | ||
|---|---|---|---|---|
| Direct costs- | ||||
| Provision ol | ||||
| sheltered | Total | |||
| accommodation | funds | |||
| 2021f | 2021f | |||
| Staff costs | 105,871 | 105,871 | ||
| Depreciation | 69,971 | 69,971 | ||
| Water rates | 12,761 | 12,761 | ||
| Insurance | 5,014 | 5,014 | ||
| Lighting and |
heating | 59,250 | 59,250 | |
| Repairs and | maintenance | 61,347 | 61,347 | |
| Upkeep ofgrounds | 12,063 | 12,063 | ||
| Cleaning and |
laundry | 4,218 | 4,218 | |
| Warden call system |
11,837 | 11,837 | ||
| Sundries | 3,558 | 3,558 | ||
| Clerk's salary | 6,250 | 6,250 | ||
| Housing Association |
grant released | (14,038) | (14,038) | |
| 338,102 | 338,102 | |||
| Analysis ofsupport |
costs | |||
| Direct costs- | ||||
| Provision of | ||||
| sheltered | Total | |||
| accommodation | funds | |||
| 2022f | 2022 E |
|||
| Staff costs | 15,692 | 15,692 | ||
| Sundry expenses | 2,583 | 2,583 | ||
| Postage, stationery | and advertising | 2,326 | 2,326 | |
| Subscriptions | 2,467 | 2,467 | ||
| Bank charges | 843 | 843 | ||
| Consultancy | and training | 120 | 120 | |
| Office insurance | 623 | 623 | ||
| Professional | fees | 16,308 | 16,308 | |
| Governance | costs | 12,011 | 12,011 | |
| 52,973 | 52,973 |
| Analysis of | suppor | t costs (continued) | ||
|---|---|---|---|---|
| Direct costs- | ||||
| Provision ol | ||||
| sheltered | Total | |||
| accommodation | funds | |||
| 2021f | 2021f | |||
| Staff costs | 19,295 | 19,295 | ||
| Sundry expenses | 1,359 | 1,359 | ||
| Postage, stationery | and advertising | 2,264 | 2,264 | |
| Subscription | s | 1,744 | 1,744 | |
| Bank charges | 733 | 733 | ||
| Office insurance | 614 | 614 | ||
| Professional | fees | 9,628 | 9,628 | |
| Governance | costs | 9,096 | 9,096 | |
| Bad debts | 210 | 210 | ||
| 44,943 | 44,943 |
| Thomas | |||||
|---|---|---|---|---|---|
| Rye Hill | Horsley | ||||
| Homes | House | 2022 | |||
| 8 | f | ||||
| Water rates | 4,826 | 9,166 | 13,992 | ||
| Insurance | 2,603 | 2,688 | 5,291 | ||
| Lighting | and heating | 28,984 | 35,060 | 64,044 | |
| Repairs | and maintenance | 20,285 | 29,095 | 49,380 | |
| Upkeep | ofgrounds | 4,459 | 7,467 | 11,926 | |
| Cleaning | and laundry | 369 | 1,771 | 2,140 | |
| Warden | call system | 3,845 | 9,259 | 13,104 | |
| Sundries | 538 | 31 | 569 | ||
| Clerk's fees | 3,620 | 3,887 | 7,507 | ||
| Housing | Association | grant received | (14,038) | (14,038) | |
| Wages | and salaries | 44,188 | 63,620 | 107,808 | |
| Depreciation | 41 518 | 34821 | 76339 | ||
| 155235 | 182827 | 338062 |
| 2021 | |||||
|---|---|---|---|---|---|
| Thomas | |||||
| Rye Hill | Horsley | ||||
| Homes | House | 2021 | |||
| 6 | f | 6 | |||
| Water rates | 4,388 | 8,373 | 12,761 | ||
| Insurance | 18 | 4,996 | 5,014 | ||
| Lighting | and heating | 20,287 | 38,963 | 59,250 | |
| Repairs | and maintenance | 20,351 | 40,996 | 61,347 | |
| Upkeep | of grounds | 3,611 | 8,452 | 12,063 | |
| Cleaning | and laundry | 1,161 | 3,057 | 4,218 | |
| Warden | call system | 3,466 | 8,371 | 11,837 | |
| Sundries | 3,093 | 465 | 3,558 | ||
| Clerk's fees | 2,596 | 3,654 | 6,250 | ||
| Housing | Association | grant received | (14,038) | (14,038) | |
| Wages | and salaries | 41,252 | 64,619 | 105,871 | |
| Depreciation | 40 234 | 29737 | 69971 | ||
| 140457 | 197645 | 338 102 |
| Audito | rs' remuneration |
||||
|---|---|---|---|---|---|
| 2022f | 2021 | ||||
| Fees | payable to the Charity's | current | auditor for the audit ofthe Charity's | ||
| annual | accounts | 7,320 | |||
| Fees annual |
payable to the Charity's accounts |
previous | auditor for the audit ofthe Charity's | 2,189 | 7,013 |
| Staff c | osts | ||
|---|---|---|---|
| 2022 | 202'I | ||
| F | |||
| Wages | and salaries | 118,584 | 119,963 |
| Social | security costs | 4,916 | 5,203 |
| 123,500 | 125,166 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | |||||||
| Gains on disposal ofshare investment | assets | 1,811 | 1,866 | ||||
| Gains on revaluations | of share investment | assets | 18,349 | 89,920 | |||
| 20 160 | 91786 | ||||||
| 14, | Income | from lettings | |||||
| 2022 | 2021 | ||||||
| F | 5 | ||||||
| Maximum | contributions | receivable | 225,967 | 212,687 | |||
| Less: Voids | (6,462) | (15,825) | |||||
| 219,505 | 196,862 |
| Number | of units | |||
|---|---|---|---|---|
| The units | ofaccommodation | are: | ||
| 2022 | 2021 | |||
| Number | Number | |||
| Thomas | Horsley House | 40 | 40 | |
| Rye Hill | 18 | 18 | ||
| 58 | 58 |
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Totalf | |
| Cost or valuation | |||
| At 1 Apdl 2021 | 2,647,174 | 256,265 | 2,903,439 |
| Additions | 37,088 | 13,738 | 50,826 |
| At 31 March 2022 | 2,684,262 | 270,003 | 2,954,265 |
| Depreciation | |||
| At 1 Apdl 2021 | 399,575 | 236,674 | 636,249 |
| Charge for the year | 72,510 | 3,829 | 76,339 |
| At 31 March 2022 | 472,085 | 240,503 | 712,588 |
| Net book value | |||
| At 31 March 2022 | 2,212,177 | 29,500 | 2,241,677 |
| Af 31March 2021 | 2,247,599 | 19,591 | 2,267,190 |
| Otherflxed | |||||||
|---|---|---|---|---|---|---|---|
| Listed | asset | ||||||
| investments | investments | Total | |||||
| Cost or valuation | |||||||
| At 1 April 2021 | 480,042 | 15,214 | 495,256 | ||||
| Additions | 32,155 | 2,664 | 34,819 | ||||
| Disposals | (26,651) | (26,651) | |||||
| Revaluations | 18,349 | 18,349 | |||||
| At 31 March 2022 | 503,895 | 17,878 | 521,773 | ||||
| Net book value | |||||||
| At 31 March 2022 | 503,895 | 17,878 | 521,773 | ||||
| At31March 2021 | 480,042 | 15,214 | 495,256 | ||||
| All the fixed asset investments | are held | in the UK. | |||||
| 17. | Debtors | ||||||
| 2022 6 |
2021 f |
||||||
| Due within one year | |||||||
| Trade debtors | 1,392 | 3,697 | |||||
| St Mary the Virgin Estate Management | Charity | 22,570 | 34,636 | ||||
| Prepayments and accrued income |
9,601 | 5,592 | |||||
| 33,563 | 43,925 | ||||||
| 18. | Creditors: Amounts | falling due within | one year | ||||
| 2022f | 2021f | ||||||
| Trade creditors | 8,262 | 2,051 | |||||
| Other creditors | 858 | ||||||
| Accruals and deferred |
income | 32,382 | 31,861 | ||||
| 41,502 | 33,912 |
| 2022 F |
2021f | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial | assets | ||||||||||
| Financial | assets | measured | at | fair | value | through | income | and | expenditure | 503,895 | 480,042 |
| 2022 F |
2021f |
|---|---|
| 112,311 | 126,349 |
| Statement of | funds | ||||||
|---|---|---|---|---|---|---|---|
| Statement of | funds - current year | ||||||
| Balance at | |||||||
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2021 | Income | Expenditure | F | in/outf | (Losses) 6 |
2022 6 |
|
| Unrestricted | |||||||
| funds | |||||||
| Revaluation | |||||||
| reserve | 723,894 | (12,627) | 711,267 | ||||
| Major planned | |||||||
| expenditure | |||||||
| reserve | 200,000 | 50,000 | 250,000 | ||||
| General Funds |
1,801,218 | 407,544 | (394,425) | (37,373) | 20,160 | 1,797,124 | |
| 2,725,112 | 407,544 | (394,425) | 20,160 | 2,758,391 | |||
| Statement of | funds - prior year | ||||||
| Balance at | |||||||
| Balance at | Transfers | Gainer | 31March | ||||
| 1April 2020 f |
Income f |
Expenditure | f | infout f |
(Losses) | 2021 6 |
|
| Unrestricted | |||||||
| funds | |||||||
| Revaluation | |||||||
| reserve | 736,521 | (12,627) | 723,894 | ||||
| Major planned | |||||||
| expenditure | |||||||
| reserve | 150,000 | 50,000 | 200,000 | ||||
| General Funds |
1,738,166 | 394,817 | (386,178) | (37,373) | 91,786 | 1,801,218 | |
| 2,624,687 | 394,817 | (386,178) | 91,786 | 2,725,112 |
| Analysis | of net assets | between funds | |||
|---|---|---|---|---|---|
| Analysis | ofnet assets | between funds | -current year | ||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2022 | 2022 | ||||
| 8 | |||||
| Tangible fixed assets | 2,241,677 | 2,241,677 | |||
| Fixed asset investments | 521,773 | 521,773 | |||
| Current assets | 148,754 | 148,754 | |||
| Creditors | due within one year | (41,502) | (41,502) | ||
| Provisions | for liabilities | and charges | (112,311) | (112,311) | |
| Total | 2,758,391 | 2,758,391 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2021f | |||
| Tangible fixed assets | 2,267,190 | 2,267,190 | ||
| Fixed asset investments | 495,256 | 495,256 | ||
| Current assets | 122,927 | 122,927 | ||
| Creditors | due within one year | (33,912) | (33,912) | |
| Provisions | for liabilities | and charges | (126,349) | (126,349) |
| 2,725,112 | 2,725,112 |