| Page | |
|---|---|
| Report oftheTrustee | ItoS |
| Independent Examiner'sReport | 9 |
| StatementofComprehensiveIncome2023 | 10 |
| ComparativeStatementofComprehensiveIncame2022 | 11 |
| Statementof Financial Position | 12ta13 |
| StatementofCashFlows | 14 |
| StatementofChangeinFunds | 15 |
| NotestotheFinaacialStatements | 16to28 |
| DetailedStatementsofComprehensiveIncome2023 | 25to26 |
| ComparativeDetailedStatementsofComprehensiveIncome2022 | 27tDZS |
| 31.12.23 | 31.12.22 | ||
|---|---|---|---|
| i | Reinvestment7o | 32.45Vo | A.AAVo |
| i^ | Newsupply delivered7o(SocialHousing units) | A.A3Va | a.oack |
| 2b. | Newsupplydelivered7o(Non-Social Housing units) | O.lAYo | A.jAVo |
| 3 | GearingVo | 1.83?o | -15.59Va |
| 4. | Earnings before Interest, Tax, Depreciation,Amortisation,MajorRepairsIncluded | ||
| Interest CoverVa | 837.37Vo | 1736.SZVo | |
| 5 | Headline Social Housing Ccst PerUnit | L5,937.37 | t4,878.17 |
| 6a. | OperatingMargin(social housinglettings)7o | 12.89Vo | 21.26Vo |
| 6b. | OperatingMargin {averall)Va | 12.89Va | 21.26Va |
| 7 | Retum onCapital Employed(ROCE)7o | 5.20Va | 8.28Vo |
| i | 2423 | 2422 | Target | ||||
|---|---|---|---|---|---|---|---|
| 1 -1 |
Contributions of |
col lected the Board |
d of Directors |
of contributionsowed | 93.21Vo 98.73Vo 86.807o |
99.55Vo 96.617o 89.2A7o |
95.AA7o troa.0*vo 48.6}ck |
| StatementofComprehensive Income ortheYearEnded31December 2023 |
||||||
|---|---|---|---|---|---|---|
| 31.12.23 | 31.12.22 | |||||
| Unrestricted | ||||||
| Generaland | ||||||
| Designated | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Notes | f | s | T | f, | ||
| TURNOVER | 18. | 205"165 | 14,944 | 224,145 | 241,974 | |
| Operating Costs | 18 | {191,729) | {r91;129) | (159,031) | ||
| OPERATING SURPLUS/(DEFICIT) | 13,436 | 14,94fr | 28,376 | 42,943 | ||
| Donations | lo lo |
855 | 855 | )fi | ||
| Interestreceivableandotherincome | 1R | 5,392 | s,392 | 4R{? | ||
| Interest payableandfinance costs | ta | (3,182) | (3,182) | {3,228) | ||
| Realised gains/ (losses) on investments | 18. | 16,770 | 16"770 | |||
| SURPLUS/(DEFICIT) FORTHE YEAR | 33,271 | ru,944 | 48,277 | 44,588 | ||
| Unrealised(loss)/gains on investments | 7 | (15,015) | (1s,01s) | (3,627| | ||
| TOTALCOMPREHENSIVE | ||||||
| INCOME/(DEFICIT)FORTHE YEAR | ||||||
| BEFORE TRANSFE OFF'UNDS | 18,256 | 14,944 | 33,196 | 44,961 | ||
| Transferbetween funds | 12. | |||||
| TOTALCOMPR,EHENSIVE | ||||||
| INCOME/(DEFICIT)FORTHE YEAR | 18,256 | 14,940 | 33,196 | 44,961 | ||
| Totalfundsbrought forward | t2. | 475,613 | 300 | 475,913 | 434,952 | |
| TI}TALFUNDSCARRTEDFORWARD12. | 493.869 | $,24A | 509,109 | 475,913 |
fortheYearEnded31DecemberZ$22 |
|||||
|---|---|---|---|---|---|
| 3t.r2.2231.12.2t | |||||
| Unrestricted | |||||
| Generaland | |||||
| Designated | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Notes | s | s | c | I. | |
| TUR.NOVER | 19 | 201,974 | 201,974 | 185,719 | |
| Operating Costs | t9 | (1s8,s31) | (500) | (159,031) | (20s,208) |
| OPERATINGSURPLUS/(DEFICIT) | 43,443 | (s00) | a)q11?. | (19,489) | |
| Donations | t9 | 1t| | 2A | t,2w | |
| Interestreceivableandotherincome | i9 | 4,853 | 4,853 | 3,606 | |
| Interest payable and finance costs | 19 | {3,228) | (3,228) | (3,171) | |
| Realised gains/ (losses) on investments | t9 | ||||
| SI.IRPLUS/(DEFICIT) FORTIIEYEAR | 45,088 | (s00) | 44,588 | (17,8s3) | |
| Unrealised(loss)/gains oninvestments | 19 | {3,627) | (3,627) | I0,816 | |
| TOTALCOMPREHENSTVEINCOME | |||||
| 1(DEFICIT)FORTHEYEAR BEFORE | |||||
| TRANSFEOFT'UNDS | 41,461 | (500) | 40,961 | {1,037) | |
| Transferbetween funds | 13 | ||||
| TOTALCOMPREHENSTVE | |||||
| INCOME/(DETTCIT)F'ORTHE YEAR | 41,46t | (s00) | 44,961 | (7,037) | |
| Totalfundsbrought forward | l-1 | 434,152 | 800 | 434,952 | 441,989 |
| TOTAI,FUNDSCARRMDFORWARD | 13 | 475,613 | 300 | 475,913 | 434,952 |
| 31.12"2331.12.22 | 31.12"2331.12.22 | 31.12"2331.12.22 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| CaPital& | |||||||||
| Extra- | |||||||||
| OrdinarY | |||||||||
| Unrestricted | Restricted | RePair | Property | Total | Total | ||||
| Funds | Fund | Fund | Fund | funds | funds | ||||
| Notes | s | f | s | s | |||||
| FXEDASSETS Tangibleassets Investments |
6. 7. |
562 90,216 |
M.944 | 89,726 16,500 |
325"678 - |
430,906 fi6,716 |
3A4,894 124,859 |
||
| 90,77814,94Arc6,226 | 325,678 | 537,622 | 429,753 | ||||||
| CURRENTASSETS Debtors Cashatbank andinhand |
6. 14. |
13,784 34,336 |
300 | 13;784 34,636 |
9,244 96,096 |
||||
| 48,120 | 300 | 48,420 | 105,336 | ||||||
| CREDITORS Amountsfallingduewithinoneyear9 |
{4CI,45'7) | {2e2) | $-A,74e) | (16,700) | |||||
| I\ETCURREF]TASSETS | /,btlJ | 300 | {292)7,671 | 88,636 | |||||
| TOTAI.ASSETSLESS CURRENTLIABILITIES |
98,44115,240 | rc6,226325,386 | 545,293 | 518,389 | |||||
| CREDITORS | |||||||||
| Amountsfallingdue more thanone year |
10. | (18,000) | (18,184)(36,184){42,476) | ||||||
| NETASSETS | 8A,44175,240 | 105,2253A7'ZA2 | 509'109 | 475'913 | |||||
| ! | !f:: | ||||||||
| FUNDS Urestrictedfunds Designated funds Restricted funds |
12. | 80,441 4.13,428 15,240 |
103,053 3"12,560 300 |
||||||
| TOTALFUNDS | 509,109415,913 |
| Notes | 31.12.23 | 31.12.22 | |
|---|---|---|---|
| f | $ | ||
| OPER.A,TINGACTIIVITES | |||
| Netcashgeneratedfromoperations | 14. | 61,956 | 52,713 |
| Interestpaid | (2,800) | {2,834) | |
| NBTCASH GENERATEDFROtrTOPERATINGACTTVTTIES | sq15q | 49,879 | |
| CA.SHFLOW FROMINTVESTTNGACTIYITTES | |||
| Improvementsrohousingproperties | 6. | (139,6s4) | |
| Interest anddividendsreceived on investments | 2. | 5,392 | 4,653 |
| Purchaseofinvestments | 7. | (5,102) | (4,606) |
| Saleproceedsofinvestments | 25,000 | ||
| NET CAS}I FLOWFROMI(USEDIN) INVESTINGACTIVITES | {114,363) | +t | |
| CASHFLOW FROM FINANCING ACTWITTES | |||
| Repaymentof bon'owings | (6,2s2) | (6,219) | |
| NET(DECREASEi/TNCREASEINCASIIAl{D CASH | |||
| EQUTVALENTS | (61,460) | $,747 | |
| CASH A]qD CASHEQUIVALENTS,ATTTIEBEGINNINING | |||
| OFTHE YEAR | 96.096 | 52.389 | |
| CASHANDCASHEQUryALENTS ATTI{EEN}OFTHE | |||
| YEAR | 14. | 34,636 | 96,496 |
| Capital& | |||||
|---|---|---|---|---|---|
| Extra- | |||||
| Income and | Ordinary | ||||
| Expenditure | Restricted | Repair | Property | Total | |
| Funds | tr'und | Fund | Fund | Funds | |
| t | { | {. | t | .t' | |
| Balanceat7lanuary 2422 | 49,359 | 800 | 177,226 | 207.567 | 434,952 |
| (Deficit/Surplus forthe year | 53,694 | (s00) | (12,233) | 40,961 | |
| Baianceat31 December2422 | 103,053 | 300 | 177,226 | 195,334 | 475,913 |
| Surplus/(Deficit)forthe year | (22,612) t4,944 | (71,000) | 111,868 | 33,196 | |
| Balanceas31 December 2023 | 80,441 | 15,24A |
rc6,226 | 307,202 | 509,109 |
| StaternentofChangesinFunds | |||||
| fortheYearEnded31December 2022 | |||||
| Capital& | |||||
| Extra- | |||||
| Income and | Ordinary | ||||
| Expenditure | Restricted | Repair | Property | Total | |
| F'unds | Fund | Fund | Fund | Funds | |
| f | f | f | {. | ||
| Balanceat1January2021 | 68,845 | 117,226 | 195,918 | 441,989 | |
| Surplus/(Deficit) forthe year | (19,486) | 800 | n,649 | (7,037) | |
| Balance at 31 December 2A21 | /0?{o | 800 | 17"7,226 | 207,567 | 434,952 |
| (Deficit)/Surplusforthe year | 53,694 | (508) | {12,233)44,961 | ||
| Balanceas31 December 2022 | 103,053 | 300 | tt7,226 | 195,334 | 475,913 |
| II{YESI]L{ENT INCOME | ||
|---|---|---|
| 31.12.23 t |
37.12.22 t |
|
| Income fromLrankdeposit | 291 | +t |
| Dividend income | 5,rcz | 4,646 |
| 3,392 | 4,653 |
| STAFFCOSTS | ||
|---|---|---|
| 31.12"23 | 37.12.22 | |
| L | t | |
| Wages andsala.ries | 53,205 | 45,749 |
| Socialseeuritycosts | ||
| Other pensioncosts | 572 | 1,388 |
| 54,7'71 | 47,637 | |
| The averagemonthlynumberofemployeesduringthe year wasasfollows: | ||
| 31.12.23 | 31.12.22 | |
| 2 | 2 | |
| Noemployees received emolumentsinexcessoff,60,000. | ||
| INTERESTPAY;trItLEdniiB SIA,IILARCI{ARGES | ||
| 31.12.23 | 31.72.22 | |
| E | t_ | |
| Mortgageinterest payable | 2,800 | 2.834 |
| Freehold | Froperty | Fixtures and | ||
|---|---|---|---|---|
| COST | property f |
improvements t |
fittings I |
Totals t |
| At1lanuary 2023 Additions Disposals |
299,350 123,990 |
245,1A6 15,664 |
29,316 | 513,172 139,6s4 |
| LessHousing Grant | (132,112) | (i32,112) | ||
| At31 December 2A23 | 291,228 | 26A,770 | 29,316 | 581,314 |
| }EPRECIATION | ||||
| At1January 2023 Eliminatedon disposals |
38,784 | 69,772 | 28,zrc | 136,766 |
| Chargeforyear | i,696 | 11,412 | 543 | 13,642 |
| At31 December2023 | 4A,470 | 81,184 | 28,"1s4 | 150,408 |
| NET BOOKVALUE | ||||
| At3lDecernber 2A23 | 25A,758 | 179,586 | 562 | 430,906 |
| At31 December2022 | 128,454 | 175,334 | 1,106 | 304,894 |
| Inciudedwithinthe costoftheFreehold | property island costing{gg3i3 | that is non depreciable | ||
| FIXEDASSETINVESTMENTS | ||||
| M&G | ||||
| M&G | General | |||
| ERF Fund | Fund | Tctals | ||
| MARKET VALUE | E | f. | L | |
| At7January2022 Additions Disposals Revaluations |
50,687 2"A95 1,452 |
74,172 3,AA-I (8,230) (16,A67) |
124,859 5,1A2 (8,230) (15,0I5) |
|
| At31 DecemberZA23 | 53,833 | 52,882 | 146,716 | |
| NETBOOKYALLIE | ||||
| At31 December 2A23 | 53,833 | 52.882 | 106,716 | |
| At3iDecember 2A22 | 50,687 | 74,1]2 | 124,959 | |
| Aliinvestments were heldintheUK. |
| DEBTORS: AII,IOUNTSFALLINGDUEWITHINO | NEYEAR | |
|---|---|---|
| 31.L2.23 | 3t.12.22 | |
| t | E | |
| Residentscontributionsinarears | 3,243 | 5,930 |
| Bad debtprovision | ||
| Prepaidexpenses | 4,AOZ | 3,310 |
| Other debtors | 6,580 | |
| 13,784 | 9.244 |
| 31.12.23 | 31.12.22 | |
|---|---|---|
| s | E | |
| Residentscontributionsreceivedinadvance | 544 | 524 |
| Mortgage | 292 | 252 |
| Accruedexpenses | 32,242 | 9,343 |
| NationalAlmshouseAssociationloan | 5,000 | 6,000 |
| PAYE/NIC/Pension | 1,671 | 581 |
| 4A,749 | 15,740 | |
| CREDTTORS: AN{OUNTSFALLINGDUE S{ORETHANONEYEAR. | ||
| 31.12.23 | 3L.12.22 | |
| t | f | |
| Mo*gage | 18,184 | 18,476 |
| NationalAlmshouseAssociation loan | 18,000 | 24,040 |
| 36,184 | 42,416 |
|MOVEME|{T$iFUI{DS|||||| |---|---|---|---|---|---| ||Ar1.01.23|Net movercent|Transfer||4t31.12.23| |||infunds|tletween||| |Unrestricted funds|s|{|fundsf||f| |IncomeandExpenditureFund|103,053|18,256|(40,868)||80,441| |Designatedfunds|||||| |ExtraordinaryRepairFLrnd|87,500||(71,000)||16,500| |CapitalFund|89,726||||89,726| |PropertyFund|195,334||1i1,868_||307,202| |Linrestrictedand designatedfunds475.613||18,256|||493.869| |Restricted funds|||||| |Gardening|||||| |FhysicalActivity|300||||300| |NewBuildingFund||74,940|||ru,94A| |Restricted funds|300|14,940|||15,24A| |TOTALFUNDS|475,913|33,196|||509.109| |TheExtraordinary repair fundis heldacrossthetotal ofthe investmentportfolio.|||||| |Netmoyementinfunds,included inthe aboveareasfollows:|||||| ||lncorning|Resources|Gainsand||Nlovement| ||res(}urces|expended|losseson||infunds| ||||investments||| |||rr|f||s| |Unrestricted funds|||||| |IncomeandExpenditureFund|211,412|(194,911)||1,755|18,256| |Designatedfunds|||||| |Extraordinary RepairFund|||||| |CapitalFund|||||| |ProperlyFund|||||| |Restricted funds|||||| |Gardening|||||| |PhysicalActivity|||||| |NewBuildingFund|M,94A||||14,940| |FUNDSMOVEMENTBEFORE|||||| |"RANSFERS|225,352|{194,911)|1,755||33,196|
| 2022COMPARATIVEMOVEME | NTINFUND | S | ||
|---|---|---|---|---|
| Aitt.o7.22 | Net movement | Transfer | Lt31.12.22 | |
| infunds | between | |||
| funds | ||||
| f | f | |||
| Unrestricted funds | ||||
| IncomeandExpenditureFund | 49,359 | 41,461 | 11'.)7,'1, | 103,053 |
| Designatedfunds | ||||
| Extraordinary RepairFund | 87,500 | 87,500 | ||
| CapitalFund | 89,726 | 89,726 | ||
| PropertyFund | 20'7,567 | (12,233) | 195,334 | |
| Unrestrictedand designatedfunds434,152 | 41,451 | 475,613 | ||
| Restricted funds | ||||
| Gardening | 500 | (500) | ||
| PtiysicalActivity | 300 | 300 | ||
| Restricted funds | 800 | (s00) | -?00 | |
| TOTALFUNDS | 434,952 | 40,961 | 4'75,913 | |
| TheExtraordinary repair fundis heldacrossthetotal ofthe investmentportfolio. | ||||
| Netmovementinfunds,included inthe aboveareasfollows: | ||||
| lncornirg | Resources | Gainsand | Movement | |
| resources | expended | losseson | infunds | |
| investmerts | ||||
| f | c | t | { | |
| Unrestricted funds | ||||
| IncomeandExpeaditureFund | 205,847 | (161,759) | {3,627) | 41,461 |
| Designatedfunds | ||||
| Extraordinary RepairFund | ||||
| CapitalFund | ||||
| PropertyFund | ||||
| Restricted funds | ||||
| Gardening | (500) | (500) | ||
| PhysicalActivity | ||||
| FUNDSMOVEMENTBEFORE | ||||
| TRANSFERS | 246,841 | {162,259) | (3,621) | 40,961 |
| RECONCILLATIONOFSURPLUSAPTER TAX TOCASH GENERATEDFROM/{USEDIN)OPERATTONS |
||
|---|---|---|
| 37.12.23 | 31.12.22 | |
| c | f | |
| Surplusforthe year | 33,196 | 40,961 |
| Adjustmeats for: | ||
| Depreciationand loss on disposaloftangible fixedassets | 13,642 | 13,065 |
| Grantamortisation | ||
| Movementin fairvalueofinvestments | 15,015 | 3,62',7 |
| (Gain)on disposalofinvestments | {16,770) | |
| Interest and investment income receivable | (s,392) | (4,6s3) |
| Interest payable | 2,800 | 2,834 |
| Operatingcashflows beforemovementin working capital | 42,494 | 55,834 |
| Decrease/(Increase)intrade and other debtors | (4,544) | (1,46t) |
| (Decrease)Ilncreaseintrade and othercreditors | 24,409 | (1,6s4) |
| Cash generatedfromoperations | 61,9s6 | 52,713 |
| CASHANDCASTIEQUIYALENTS | ||
| 31.12.23 | 31.12.22 | |
| T | f | |
| Cash andcashequivalents representedby | ||
| Cashatbank andinhand | 34,553 | 71,804 |
| Deposit | 83 | 24,292 |
| Cashat bank andinhand | 34,636 | 95,096 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds f$ |
funds |
31.12.23 { |
31.12.22 t |
|
| TURNOVER | ||||
| Residents' MaintenanceContribution | 217,124 | 217,124 | 241,823 | |
| Lessvoids Rental incomeHalUChurch |
{13,937) 1,400 |
{13,93't) 1,400 |
(881) 400 |
|
| Laundry | 578 | 578 | 632 | |
| Grants | 14,940 | M,944 | ||
| 205,165 | 14,940 | 220"105 | 2at,974 | |
| OPERATII{GCOSTS | ||||
| Seryicecosts | ||||
| R.atesand water | 3,855 | 3"855 | 2,327 | |
| Gas andElectricity | 8,807 | 8,807 | 7,452 | |
| Gardening andcleaning | 9,843 | 9,843 | 9,321 | |
| Insurance | 2;785 | 2,785 | 2,579 | |
| SchemeManager cost | 18,140 | 18.140 | 24,199 | |
| Pension | 1,572 | \,572 | 1,388 | |
| CentralControlsystemmaintenalce | 1,820 | 1,824 | 1,269 | |
| Depreciation | 13,642 | 13,642 | 13,065 | |
| Residentswelfare | 570 | s70 | 62A | |
| TVLicences | 364 61,398 |
364 6r,398 |
JtI 62,t95 |
|
| Managementandadministration | ||||
| Secretarytothe Trustee andCEO Telephone,printing,stationery, post and |
35,065 | 35,065 | 22,05A | |
| computer exp Accounts productionand Independent |
3,54s | 3,54s | 3,024 | |
| Examiner'sfee | 2,815 | 2,875 | 2,352 | |
| Advertisingand website | 162 | 162 | ||
| Sundries and subscriptions | 1,395 | 1,395 | 1,213 | |
| Professionalfees | 1,788 | 1,788 | "1all | |
| Consultancyfees | ||||
| PayrollBureau | ||||
| Bookkeepingservice | 4,512 | 4,512 | 4,212 | |
| Trainingcostsstaff welfare | 262 | 262 | ?1< | |
| Trustee insurance | ||||
| Bad debt | 348 | 348 | 1< LJ |
|
| Lossofofficesettlement | 15,000 | 15,000 | ||
| Trusteeexpenses | 97 | 97 | 18 | |
| Travetr | 143 | 143 | 30 | |
| 65,194 | 6s,194 | 3s"s67 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | 3r"12.23 | 31.12.22 | |
| a | c | f | f | |
| Maintenance | ||||
| Dwellings | 45,481 | 45,481 | 36,754 | |
| Cornmunalareas | t5,464 | 15,464 | 23,983 | |
| Service contracts | 3,758 | 3,758 | 379 | |
| Wasteandpestcontrol | 435 65,137 |
435 65,13'7 |
154 61,270 |
|
| T'OTALOPERATIII{GCOSTS | 191,729 | r91,729 | 159,031 | |
| OPERATINGSURF'LTJS/(DEFICIT) | 13,436 | 14,940 | 28,376 | 42,943 |
| Donations | 855 | 855 | 20 | |
| Interestreceivable andotherincome | ||||
| Interest receivable | 291 | 291 | 47 | |
| Investment income | 5,142 | 5,142 | 4,606 | |
| Otherincome | 2AO | |||
| 5,392 | 5?q? | 4,853 | ||
| Interestandfinancingcosts | ||||
| Irtsrestpayable | (2,800) | (2,800) | (2,834) | |
| Bankcharges aud loan arrangementfees | (382) | (382) | {3e4) | |
| (3,182) | (3,182) | {3,228) | ||
| Realisedgains/(losses)onfixedasset | 16,',I70 | 16,770 | ||
| SURPLUS(DEFICIT)FORTHE YEAR | 33,211 | 14.944 | 48,211 | 44,588 |
| Unrealised(loss)igainson investments | (1s,015) | (1s,015) | {3,627) | |
| TOTALCOMPREHENSTVE | ||||
| INCOME/(DEFICIT}FORTHE | ||||
| },EARBEFORE TRANSFE OF FUNDS |
18,256 | A,944 | 33,196 | 44,961 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds f |
filnds f |
31.12.22 f |
31.12.2L t |
|
| TURT'{OVER. | ||||
| Residents' MaintenanceContribution Less voids RertalincomeHalVChurch Laundry |
201,823 (88r) 400 632 |
201,823 (881) 400 632 |
181,210 (4,195) 2,t3CI 6A4 |
|
| 201,9"t4 | 2A1,9'14 | 185,719 | ||
| OPERATINGCOSTS | ||||
| Servicecosts | ||||
| Ratesand water Gas andElectricity Gardening and cleaning Insurance Scheme Manager cost Pension Central Controlsystem maintenance Depreciation Residentswelfare TVLicences |
)?)'7 7"452 8,82r 2,s79 24,199 1,388 1,269 13,065 62A 377 |
500 | z,3z I 7,052 9,321 )\7q 24,199 1,388 1,269 13,065 620 3t7 |
83 2,841 9,959 2,428 1? 11< 706 1,693 11,692 840 159 |
| 61,695 | 500 | 6)tqs' | 34,A26 | |
| Managementandadministration | ||||
| Secretary1othe Trustee andCEO Teiephone,printing,stationery, post and Accounis productionand Independent |
22,050 3,024 |
22,0so 3,A24 |
15,256 2,878 |
|
| Examiner'sfee Advertisingand website |
)1\') | )?<,) | 2,110 | |
| Sundries and subscriptions Professionalfees Consultancyfees |
1,213 a ^aa |
1,213 2,277 |
I?15 83 |
|
| PayrollBureau | ||||
| Bookkeepingservice Trainingcostsstaff wellare Trustee insurance |
4,2t2 375 |
4,212 375 |
3,9& 50 |
|
| Baddebt Trusteeexpenses Travel |
15 18 30 |
15 18 30 |
745 384 46 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | 31.L2.22 | 31.12.21 | |
| ff, | s | s | ||
| Maintenance | ||||
| Dwellings | 36,754 | 36,754 | 94364 | |
| Communalareas | 23,9&3 | 23,983 | 33,450 | |
| Service contracts | 3'19 | 379 | 602 | |
| Waste and pestcontrol | 154 | 154 | ||
| 61,21A | 61,274 | 124,416 | ||
| TOTAI.OPERATINGCOSTS | r58,531 | 500 | 159,031 | 245,208 |
| OPERATING SURPLUS{DEFICIT) | 43,443 | (s00) | 42,943 | (19,489) |
| Donations | 2A | 2A | 1,200 | |
| Interestreceivable andotherincome | ||||
| Interest receivable | 47 | 47 | 2 | |
| Investmentincome | 4,606 | 4,646 | 3,604 | |
| 0therincome | 2W | 2AA | ||
| 4.853 | 4,853 | 3,605 | ||
| Interestandfinancingcosts | ||||
| Interest payable | (2,834) | (2,834) | (2,864) | |
| Bankcharges andloanarrangementfees | (394) | {3e4) | (307) | |
| {3,228} | (3,228)(3,171) | |||
| RealisedgainV(losses)onfixedasset | ||||
| SURPLUS(DEFICIT)FORTHE YEAR | 45,088 | (500) | 44,588 | (17,853) |
| Unrealised (loss/gainson investments | (3,627) | {3,627) | 10,816 | |
| TOTALCOMPBEHENSIVE | ||||
| TNCOME/(DEFICTT)FOR.THE | ||||
| YEARBEFORETRANSF'EOF FUNDS |
41,461 | (s00) | 4a,961 | (7,037) |