2021-03-31-accounts

					Page
Legal 5Administrative		Information
Report ofthe Trustees					2-4
Independent Auditor's		Report			5-9
Statement ofComprehensive			Income		10
Statement of Financial	Position
Statement of Changes	in Reserves				12
Statement of Cash Flow					13
Notes to the Accounts					14-24
Notes not forming part		ofthe	Financial	Statements:-
'
Detailed income		and expenditure		account	25

Charity	No:	218821
Address	ofCharity:	Leonard Street,
		Neath.
		(Administered	by Tai Tarian Limited)
Auditor:		WBV Limited
		Chartered Accountants
		Statutory Auditors
		Woodfield House
		Castle Walk
		Neath
		SA113LN
Bankers:		Lloyds Bank Plc
		Neath

			2021	2020
		Note	E	f
Turnover			35,654	39,888
Grants received
Operating expenditure			(43,491)	(38,958)
Operating deficit			P 837)	930
Profit on the sale	of Investments
Interest receivable	and other Income		3,484	3,250
Movement in fair	values of investments		17,757	(13,025)
Surplus before taxation			13,404	(8,845)
Taxation
Surplus for the year			13,404	(8,845)

						2021	2020
Fixed assets					Note	E	E
Housing properties						239,075	241,384
Less 5HG					9	(221,1531	(221,153)
Plant and Equipment					8
						17,922	20,231
Current assets
Debtors					10	7,538	7,851
Investments						111,245	93,410
Cash and cash equivalents						39,332	49,863
						158,115	151,124
Creditors: amounts	falling		due within one	year	12	(6,621)	(15,344)
Net current assets						151,493	135,780
Total assets less current			liabilities			169,415	156,011
Net assets						169,415	156,011
Capital and reserves
Exchequer Contributions		and Endowment		Fund		4,798	4,798
Income and Expenditure		Reserve				41,670	40,485
Designated Reserves						122,947	110,728
Total capital and reserves						169,415	156,011

			income ff Expenditure	Designated Reserves	Endowment Fund	2021	2020
			Reserve
						f	f
At beginning	ofyear		40,485	110,728	4,798	156,011	164,856
Surplus forthe year			13,404			13~	(8,845)
Transfers between		reserves	l12,219)	12,219
At 31March	2021		41,670	122,947	4,798	169J15	156,011

							2021	2020
						Note	6	f
Net cash	generated from	operating		activities		16	(13,937)	9,425
Cash flow	from investing	activities
Interest received								17
Dividends	received						3,481	3,233
Proceeds	of sale of investments
Purchase	of investments						(78)	(77)
Net cash	flow from investing		activities					3,173
Net increase in cash and cash			equivalents				(10,531)	12,598
Cash and	cash equivalents	at beginning			ofyear		49,863	37,265
Cash and	cash equivalents	at	31March		2021		39,332	49,863
Cash and	cash equivalents	consists		of:-
Cash at bank and in hand							39,332	49,863
Cash and	cash equivalents	at	31March		2021		39,332	49,863

2.TURNOVER, OPERATING COSTS	2.TURNOVER, OPERATING COSTS	AND OPERATING SURPLUS	AND OPERATING SURPLUS
INCOME AND EXPENDITURE FROM			SOCIAL HOUSING LETTINGS	2021	2020
				E	E
Income
Rents receivable				35,654	39,888
				35,654	39,888
Grants 'received
Other income from social housing		lettings
Turnover from social housing	lettings			35,654	39,888
Expenditure
Management costs				14,558	14,314
Other costs				23,225	17,306
Maintenance costs				3,093	5,100
Losses from bad debts				305
Depreciation and amortisation				2,310	2,238
Operating costs on social housing			lettings	43,491	38,958
Operating deficit on social housing			lettings	(7,837)	930
Rent loss due to voids (memorandum			note)	(10,893)	(7,555)

.INTER	ST RECEIVABLE AND OTHER INCOME	2021	2020
		E	E
Dividends	receivable from Investments	3,481	3,233
Bank and	short term deposit interest receivable	3	17
		3,484	3,250

4.OPERATING SURPLUS		2021	2020
		f	E
Operating surplus for the year is stated after charging:
Depreciation and amortisation	of fixed assets	2,310	2,238
Auditor's remuneration (inclusive of VAT)
-Audit services		2,700	2,850
- Non audit services
Government grants received

Care/Domestic	Staff
Staff Costs:-
Wages and Salaries

8.TANGIBLE	RXED ASSETS
		Property
		Improvements	Equipment	Total
		E	6	E
Cost
At beginning	of year	284,807	11,324	296,131
At31March	2021	284,807	11,324	296,131
Depreciation
At beginning	ofyear	(43,422)	(11,324)	(54,746)
Charged during the year		(2,310)	—	(2,310)
At31March	2021	(45,732)	(11,324)	(57,056)
Net book value
At 31March	2021	239,075		239,075
At 31March	2020	241,384		241,384

9.SOCIAL HOUSING GRANT	2021	2020
	E	E
Balance brought forward	221,153	221,153
Received in the year
Balance carried forward	221,153	221,153

10.DEBTORS		2021	2020
		E	E
Amounts due within one year
Arrears of rent and service charges		908	1,103
Less: provision for bad and doubtful	debts	(305)
		603	1,103
Sundry Debtors			735
Prepayments		6,141	6,013
		7,538	7,851

.INVEST	ENTS		2021	2020
			E	f
At beginning	ofyear		93,4ao	106,358
Reinvestment	ofaccumulation	dividends		77
Disposal at valuation
Revaulation	in year		17,757	(13,025)
At 31March	2021		111,245	93,410

2021	2020
E	E
	3.233

12.CREDITORS	2021	2020
	E	E
Amounts due within one year
Trade Creditors	1,763	4,004
Accruals	4,859	11,340
	6,621	15,344

			Extraordinary	Cyclical
			Repair	Maintenance	2021	2020
			Fund	Fund
2021			f	f	f	f
Balance brought	forward		42,554	68,174	110,728	100,500
Transfer from revenue		reserve	5,080	8,110	13„190	12,610
			47634	76,284	123,918	113,110
Transfer from revenue		reserve re		(971)	(971)	(2,382)
expenditure in the year
Balance carried	forward		47,634	75,313	122,947	110,728

			Cychcal
			Maintenance	2021
			Fund
Repair expenditure	incurred	on project
General repairs			971
Professional fees
			971		971
Transfer from designated		funds	971		971

				Income &
					Investment
				Expenditure Reserve	Revaluation	2021	2020
			Note	E
At beginning	ofyear			23,210	17,275	40,485	59,558
Deficit for year				(4,353)		(4,353)	4,180
Revaulation	of investments				17,757	17,757	(13,025)
Transfers to	designated	reserves	15	(12,219)		(12,219)	(10,228l
At 31March	2021			6,638	35,032	41,670	40,485

15.NET TR	ANSFER TO	D	ESIGNAT	ED RESERVES
						2021	2020
						E	f
Transfer from designated			reserves	re expenditure	in the year	971	2,382
Transferto	designated	reserves				(13,190)	(12,610)
						(12,219)	(10,228)

				2021	2020
				E	f
(Deficit) / Surplus for period before revaluation			ofinvestments	(4,353)	4,180
Interest received				(3)	(17)
Dividends received				(3,481)	(3,233)
Depriciation oftangible fixed assets				2,310	2,238
Surplus on disposal	of investments
(Increase)/decrease	in debtors			313	(1,929)
Increase/(decrease)	in creditors			(8,723)	8,186
Net cash flow from operating		activities		(13,937)	9425

PROPERTY REVENUE ACCOUNT	PROPERTY REVENUE ACCOUNT	PROPERTY REVENUE ACCOUNT				2021	2020
						E	E
Income
Rents receivable						15,654	39,888
Grant received
						35,654	39,888
Expenditure
Repairs and Maintenance						2,953	4,951
Heating and Lighting						16,068	11,225
Insurance						1,105	1,068
Council Tax						1,795	622
Water Rates						1,346	1,338
Management Charges						14,558	14,314
						37,825	33,518
(Deficit) / surplus	for year transferred		to Income	and Expenditure	Account	(2,171)	6,370
GENERAL INCOME AND EXPENDITURE			ACCOUNT			2021	2020
						E	E
Other Income
Deposit Account						3	17
Other Investment	income					3,480	3,233
Surplus on sale of investments
							3,250
Community Alarm	Service						149
Professional Fees
Rank Charges						30	30
Subcriptions						179	173
Accountancy and Audit Fee						2,700	2,850
Losses from Bad Debts						305
Depreciation						2,310	2,238
Other
Deficit forthe year						(2,181)	(2,190)
(Deficit) / surplus	transferred	from Property Revenue		Accounts		(2,171)	6,370
(Deficit) / surplus	for the year before		investment	revaluation		(4,352)	4,180