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|||||||2020||2019|
|---|---|---|---|---|---|---|---|---|
|||||Note|Z||||
|Turnover||||||34,315||35,630|
|Less Operating|costs||||||||
|Services|||||9,778||10,701||
|Management||||10|9,231||8,450||
|Day to Day Maintenance<br>Cyclical Maintenance||||10<br>10|9,193<br>1,1bO||6,624<br>4,b80||
|||||||29,352||30,455|
|||||||4,963||5,175|
|Add|||||||||
|Interest Receivable<br>and other||income||||327||2,550|
|Profit I(Deficit)|for the year|||||5,290||7,725|
|Movement<br>on Reserves|||||||||
|Balance brought|forward as previously||reported|||54,345||43,440|
|Profit for the year||||||5,290||7,725|
|Transfer (to):|||||||||
|Cyclical Repairs|& Maintenance|Reserve||||1,150||4,680|
|Emergency<br>Repair Fund||||9ii||1,500||1,500|
|||||||59,285||54,345|





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|||||||2020||2019|
|---|---|---|---|---|---|---|---|---|
|||||Note|g||||
|Fixed Assets|||||||||
|Housing<br>properties|-cost|||||102,758||102,758|
|Less: Housing association|||Grant|||98,109||98,109|
|||||||4,649||4,649|
|Current Assets|||||||||
|Debtors|||||3,856||4,461||
|Investments|||||27,923||26,423||
|Cash at bank R in hand|||||110,774||106,537||
||||||142,553||137,421||
|Creditors|||||||||
|Due within one year|||||3,688||3,846||
|Net Current Assets||||||138,865||133,575|
|Total Net Assets||||||143,514||138,224|
|Represented<br>by:|||||||||
|Capital &Reserves|||||||||
|Designated<br>reserves||||||84,229||83,879|
|Income &expenditure||account||||59,285||54,345|
|||||||143,514||138,224|






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|Notes to the Financial|Statements||
|---|---|---|
||2020|2019|
||g|g|
|2.Interest Receivable and Other Income|||
|Bank Deposit & Building Society Interest|281.00|467.39|
|Investment<br>Income|48.00|48.00|
|Other Rents Received|35.05|35.00|
|Other income||2,000.00|
||364.05|2,550.39|



## 

## 

|4.Fixed Assets||||
|---|---|---|---|
|Housing<br>Properties||~Com<br>ieted|~corn<br>ieted|
|||~Housin|~Housin|
|||~Pro erties|~Pro erties|
|As At 1st January 2020||102,758.00|102,758.00|
|Additions<br>- Improvement|to Properties|||
|As At 31st December 2020||102,758.00|102,758.00|
|Less: Housing Association|Grant|||
|As at 1st January 2020||98,109.00|98,109.00|
|Grant Received<br>in Year||||
|As At 31st December 2020||98,109.00|98,109.00|
|Net Book Value As At 31stDecember 2020||4,649.00|4,649.00|





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## 

|||Notes to the Financial|Statements||
|---|---|---|---|---|
||||2020|2019|
||||'E|L'|
|5.Fixed Assets|||||
|Investments|||||
|Base Cost:|||||
|As at 1stJanuary|2020||||
|As at 31st December 2020|||||
|Barclays Ord .25p|Shares|(Holding 524)|1,171|1,171|
|Market Value as at 31st||December 2020|1,171|1171|
|6.Debtors|||||
|Prepayments<br>R Accrued||Income||4,684|
|7.Current Assets|||||
|Investments|||||
|Cost or Base Cost|||26,423|24,923|
|Additions<br>During|the Year||1,500|1,500|
||||27,923|26,423|
|The Investments|comprise the following:||||
|NAACIF Accumulation||Shares (2249.476)|27,789|26,289|
|NAACIF Income|Shares|(301)|134|134|
|Balance as at 31st December 2020|||27,923|26,423|
|Market Value as at 31st||December 2020|109,522|111,404|





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## 

||||2020|2019|
|---|---|---|---|---|
||||g||
|8.Creditors: due within one year|||||
|Other Creditors<br>&Accruals|||3,688|3,846|
|9.Designated<br>Reserves|||||
|i) Cyclical Repairs K Maintenance|Reserve||||
|Balance as at 1stJanuary 2020|||57,590|62,270|
|Transfer from Income & Expenditure||Account (page 3)|1,150|4,680|
|Balance as at 31st December 2020|||56,440|57,590|
|ii) Emergency<br>Repair Fund|||||
|Balance as at 1stJanuary 2020|||26,289|24,789|
|Transfer from Income & Expenditure||Account (page 3)|1,500|1,500|
|Transfer to Income & Expenditure|Account (page 3)||||
|Balance as at 31st December 2020|||||
||||27,789|26,289|
|10.Housing<br>Corporation<br>Costs|||||
|10 Units (2019-10)|||||
|Management||||9,231|
|Day to Day Repairs & Maintenance||||9,193|
|Cyclical Repairs &Maintenance||||1,150|





## 

|||||||||2020||2019|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||E||f|
|Income from Tenants||Contributions|||R Service Charges|||34,315||35,630|
|Income from Investments|||etc:||||||||
|NAACIF Income Share Interest|||||||||11||
|Barclays Interest|||||||||416||
|Lloyds TSBInterest|||||||281||51||
|Barclays Dividend|&Investment|||Income||||292|37|515|
|Other Rents||||||||35||35|
|Other income||||||||||2,000|
|||||||||34,642||38,180|
|Less: Services|||||||||||
|TV Licence|||||||60||60||
|Insurance|||||||1,214||1,234||
|Heating R Lighting|||||||4,047||4,848||
|Rates|||||||2,915||2,973||
|Telephone<br>Rentals|||||||883||926||
|Residents<br>Gifts|||||||658||660||
||||||||9,778||10,701||
|Management:|||||||||||
|Clerk's Remuneration|||||||4,663||4,572||
|Audit g Accountancy||Fees|||||690||678||
|Postages, Stationery||5Advertising|||||573||296||
|Subscriptions|||||||551||313||
|Sundry Expenses|||||||219||80||
|Professional<br>Fees|||||||2,536||2,512||
||||||||9,231||8,450||
|Repairs 5 Maintenance|||||||9,193||6,624||
|Cyclical Maintenance|||||||1,150||4,680||
||||||||10,343||11,304||
|||||||||29,352||30,455|
|Excess / (Deficit)|of|Income over|||Expenditure|for the|Year|5,290||7,725|