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|CONTENTS||Page|
|Report ofthe Trustees||2-5|
|Reporting
Accountant's|Report||
|Statement
of Comprehensive
Income|||
|Balance Sheet|||
|Statement
of Changes|in Reserves||
|Statement of Cash Flows||10|
|Notes forming
part of|the financial statements|11-17|
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|||FOR|THE YEAR ENDED 31sT DECEMBER|2021||
|---|---|---|---|---|---|
||||Notes|2021|2020|
|||||E||
|TURNOVER||||154,878|178,368|
|Cost of Sales||||(120,222)|(155,966)|
|Gross Deficit/(Surplus)||||34,656|22,402|
|Administrative
Expenditure||||(30,160)|(44,169)|
|Other operating
income||||||
|Operating
(deficit)/profit||||4,496|(21,767)|
|Gain on disposal of investments||||||
|Interest receivable
and other income||||1,963|2,412|
|Movement
in fair value offinancial||instruments||108,044|65,188|
|Surplus/(deficit)
on ordinary|activities before taxation|||114,503|45,833|
|Tax on surplus
on ordinary|activities|||||
|Surplus/(deficit)
-total comprehensive|||income for the year|114,503|45,833|
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|||||2021||2020|
|---|---|---|---|---|---|---|
|||NOTE|||||
|FIXEDASSETS|||||||
|Tangible assets
Housing
properties —depreciated
Other tangible
fixed assets
Investments|cost|9
10
11||1,156,461
814
1,094,750||1,197,886
392
991,920|
|||||2,252,025||2,190,198|
|CURRENT ASSETS|||||||
|Debtors||12|3,673||3,602||
|Cash at bank and
in hand|||318,688||298,003||
||||322,361||301,605||
|CREDITORS: AMOUNTS
FALLING|||||||
|DUE WITHIN ONE YEAR||13|(33,446)||(34,117)||
|NET CURRENT ASSETS||||288,915||267,488|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||2,540,940||2,457,686|
|CREDITORS: AMOUNTS
FALLING DUE|||||||
|AFTER MORE THAN ONE YEAR||14||(895,332)||(926,581)|
|NET ASSETS||||1,645,608||1,531,105|
|RESERVES:|||||||
|Income and expenditure
reserve||16||707,938||593,435|
|Revaluation
reserve||16||122,432||122,432|
|Designated
reserve-maintenance
Designated
reserve
Designated
reserve-chapel||16
16
16||63,500
137,994
613,744||63,500
137,994
613,744|
|TOTAL FUNDS||||1,645,608||1,531,105|
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|||||Designated
Chapel|Designated
Maintenance|Designated
Investment|Revaluation
Reserve|Income &
Expenditure|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Reserve||Reserve||
||||||f.|||||
|At 1"January|2021|||613,744|63,500|137,994|122,432|593,435|1,531,105|
|Surplus for the year/
total comprehensive|||income|||||114,503|114,503|
|Gain materialised||on|sale|of||||||
|investments||||||||||
|Transfers||||||||||
|At31"December||2021||613,744|63,500|137,994|122,432|707,938|1,645,608|
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||||Notes||2021||2020|
|---|---|---|---|---|---|---|---|
|Cash flow from operating|activities||17||18,722||1,065|
|Cash flow from investing|activities|||||||
|Development
of property||||||||
|Purchase
ofother fixed assets||||||||
|Capital grants received||||||||
|Receipts from sales of investments||||||||
|Investments
bought||||||||
|Interest received||||1,963||2,412||
|Net cash flow from investing||activities|||1,963||2,412|
|Net cash outflow before use||of liquid||||||
|resources
and financing|||||20,685||3,477|
|Net decrease
in cash and|cash equivalents||||20,685||3,477|
|Cash and cash equivalents||at 1"January 2021|||298,003||294,526|
|Cash and cash equivalents||at31"December 2021|||318,688||298,003|
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|TURNOVER||||||
|---|---|---|---|---|---|
|||||2021|2020|
|All relates to housing||for older persons.||||
|Gross rents receivable||||123,340|121,024|
|Amortised
government
Donations
receivable||grants||31,250
100|31,250
143|
|Grants released|||||25,536|
|Other income||||188|415|
|||||154,878|178,368|
|COST OF SALES||||||
|||||2021|2020|
||||||K|
|Services||||39,254|39,101|
|Routine maintenance||||10,343|13,179|
|Cyclical maintenance||||6,671|10,807|
|Extraordinary
maintenance||||22,252|51,118|
|Depreciation||||41,702|41,323|
|Other costs|||||438|
|||||120,222|155,966|
|OTHER OPERATING|INCOME|||||
|Profit on sale of piano||||||
|OPERATING SURPLUS/(DEFICIT)||||||
|||||2021f|2020|
|Operating
surplus/(deficit)|||is stated after|||
|charging/(crediting):||||||
|Reporting
Accountant's||||||
|remuneration
(including||VAT)||1,416|1,468|
|Depreciation
of owned||assets||41,702|41,323|
|Amortisation
of grants||||(31,250)|(31,250)|
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|HOUSING PROPERTIES|Property|Housing||
|---|---|---|---|
||Fixtures and|Properties|Total|
||Fittings|- Freehold||
|COST||||
|At 1stJanuary 2021|139,479|2,000,856|2,140,335|
|Additions
in the year||||
|At31"December 2021|139,479|2,000,856|2,140,335|
|DEPRECIATION||||
|At 1"January 2021|124,257|818,192|942,449|
|Charge for the year|3,894|37,531|41,425|
|At31"December 2021|128,151|855,723|983,874|
|NET BOOK VALUE||||
|At31"December 2021|11,328|1,145,133|1,156,461|
|At31"December 2020|15,222|1,182,664|1,197,886|
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|OTHER TANGIBLE FIXEDASSETS||
|---|---|
||Equipment|
|COST||
|At 1stJanuary 2021|50,431|
|Additions
in the year|699|
|At31"December 2021|51,130|
|DEPRECIATION||
|At 1"January 2021|50,039|
|Charge for the year|277|
|At31"December 2021|50,316|
|NET BOOK VALUE||
|At31"December 2021|814|
|At31"December 2020|392|
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||Aviva|
|---|---|
||Wrap|
||f.|
|Valuation||
|At 1stJanuary 2021|991,920|
|Additions||
|Disposals||
|Costs|(5,214)|
|Revaluation|108,044|
|At31"December 2021|1,094,750|
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|12.|DEBTORS|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E||
||Prepayments|||||3,673|3,602|
|||||||3,673|3,602|
|13.|CREDITORS:||AMOUNTS||FALLING DUE WITHIN|||
||ONE YEAR|||||2021|2020|
||||||||E|
||Accruals and|deferred||income||2,196|2,867|
||Government|grants||||31,250|31,250|
|||||||33,446|34,117|
|14.|CREDITORS: AMOUNTS||||FALLING DUE AFTER|||
||MORE THAN||ONE YEAR|||2021|2020|
||||||||E|
||Government|grants||||895,332|926,581|
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|CASH FLOW NOTE|CASH FLOW NOTE|||||2021f|2020|
|---|---|---|---|---|---|---|---|
|Reconciliation|ofoperating|||deficit to net||||
|cash flow from|operating||activities|||||
|Operating
surplus/(deficit)||||||112,540|43,421|
|Decrease/(increase||in debtors)||||(71)|(211)|
|(Decrease)/increase||in creditors||||(670)|(7,414)|
|Asset additions||||||(699)||
|Depreciation||||||41,702|41,323|
|Release ofgrant||||||||
|Amortisation
ofgrants||||||(31,250)|(31,250)|
|(Gains)/Losses|on investments|||||(102,830)|(44,804)|
|Net cash outflow|from operating||||activities|18,722|1,065|
|UNITS||||||||
|||||||Units|Units|
|||||||at
1"January 2021|at
31"December 2021|
|Social Housing||||||25|25|
|None ofthese units||is managed|||by agents.|||