2022-03-31-accounts

				Page
Legal &Administrative		Information
Report ofthe Trustees				2-4
Independent Examiner's		Report
Statement ofComprehensive Income
Statement ofFinancial		Position
Statement ofChanges	in Reserves
Statement ofCash Flow
Notes tothe Accounts				10-20
Notes not forming part		ofthe Financial	Statements:-
'
Detailed income		and expenditure	account	21

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

Turnover	2022	2021
	6
	36,463	35,654
Grants received
Operating expenditure	(41,984)	(43,491)
Operating delicit	(5,521)	(7,$37)
Profit on the sale ofInvestments
Interest receivable and other Income	3,529	3,484
Movement in fair values ofinvestments	5,635	17,757
Surplus before taxation	$,64313,404
Taxation
Surplus for the year	$,64313,404

						2022	2021
Fixed assets					Rote	6	6
Housing properties						236,801	239,075
Less SHG						(221,153)	(221,153)
Plant and Equipment
						15,648	17,922
Current assets
Debtors					10	3,983	7,538
Investments						116,983	111,245
Cash and cash equivalents						40,961	39,332
						161ri27	158,115
Creditors: amounts		falling due within one		year	12	(4,517)	(6,621)
Net current	assets					1577tlo	1517I93
Total assets	less current liabilities					1732)58	169g15
lant assets						1732I58	169,415
Capital and	reserves
Exchequer Contributions			and Endowment	Fund		4,798	4,798
Income and	Expenditure		Reserve		14	79,493	41,670
Designated	Reserves					88,767	122,947
Total capital	and reserves					173,058	169rt15

						2022	2021
					Note		6
Net cash generated from	operating		activities		16	(1,798)	(13,937)
Cash flow from investing	activities
Interest received						1	3
Dividends received						3,528	3,481
Proceeds ofsale ofinvestments
Purchase ofinvestments						(102)	(78)
Net cash flow from investing		activities				3/27	3,406
Net increase in cash and	cash	equivalents				1,629	(10,531)
Cash and cash equivalents	at	beginning		ofyear		39,332	49,863
Cash and cash equivalents	at	31March 2022				40,961	39,332
Cash and cash equivalents	consists		of:-
Cash at bank and in hand						40,961	39,332
Cash and cash equivalents	at	31March 2022				40,961	39,332

2.TURNOVER, OPERATING COSTS	AND OPERATING	AND OPERATING	SURPLUS
INCOME AND EXPENDITURE FROM SOCIAL HOUSING			IETTINGS	2022	2021
				E	E
Income
Rents receivable				36,463	35,654
				36,463	35,654
Grants received
Other income from social housing	iettings
Turnover from social housing lettings				36~	35,654
Expenditure
Management costs				14,660	14,558
Other costs				20,735	23,225
Maintenance costs				4,361	3,093
Losses from bad debts				(46)	305
Depreciation and amortisation				2,274	2,310
Operating costs on sodal housing	lettings			41,984	43~1
Operating degdt on social housing	lettings			(5,521)	(7,837)
Rent loss due to voids (memorandum		note)		(12PMi)	(10,893)

3.INTEREST RECEIVABLE AND OTHER INCOME	3.INTEREST RECEIVABLE AND OTHER INCOME	2022	2021
		E	E
Dividends	receivable from investments	3,528	3,481
Bank and	short term deposit interest receivable	1	3
		3429	M84

4.OPERATING SURPLUS			2022	2021
			E	E
Operating surplus for the year	is stated	after charging:
Depreciation and amortisation	offixed	assets	2,274	2,310
Independent examiners remuneration		(inclusive ofVAT)
-Audit services				2,700
- Non audit services			2,820
Government grants received

8.TANGIBLE	FIXEDASSETS
		Property
		Improvements	Equipment	Total
		E	E	E
Cost
At beginning	ofyear	284,807	11,324	296,131
At 31March	2022	284,807	11,324	296,131
Depredation
At beginning	ofyear	(45,732)	(11,324)	(57,056)
Charged during the year		(2,274)	-	(2,274)
At 31March	2022	(48,006)	(11,324)	(59~)
Net book value
At 31March	2022	236W1		236%1
At 31March	2021	239,075	-	239,075

9.SOCIAL HOUSING GRANT	9.SOCIAL HOUSING GRANT	2022	2021
		E
Balance brought	forward	221,153	221,153
Received in the	year
Balance carried	forward	221,153	221,153

10.DEBTORS		2022	2021
		E	E
Amounts due within one year
Arrears ofrent and service charges		900	908
Less: provision for bad and doubtful	debts	(189)	(305)
		711
Sundry Debtors		2,401
Prepayments		871	6,141
		3,983	7438

11.INVESTMENTS	11.INVESTMENTS			2022	2021
				E	f
At beginning	ofyear			111,245	93,410
Reinvestment	ofaccumulation	dividends		102	78
Disposal at valuation
Revaulation	in year			5,635	17,757
At 31March	2022			116,982	111,245
The historical	cost ofinvestments		above is as follows:-
					E
At 1April 2021and 31March		2022		76,313	76,210

12.CREDITORS	2022	2021
	E	F.
Amounts due within one year
Trade Creditors	271	1,763
Accruals	4,246	4,859
	4,517	6,621

					Extraordinary	Cyclical
					Repair	Maintenance	2022	2021
					Fund	Fund
2022					E	f
8alance brought		forward			47,634	75,313	122,547	110,728
Transfer from revenue				reserve	5,220	8,340	13,560	13,190
					SM54	83,653	136,507	123,918
Transfer to	revenue		reserve re
expenditure	in the		year		(2,100)	(640)	(2,740)	(971)
Transfer to	revenue		reserve			(45,000)	(45~)
8alance cerned		forward			50,754	38,013	88,767	122,947

14.INCOME	AND EXPE	NDITURE RESER	VE
				Income G
				Expenditure	Investment Revaluation		2021
				Reserve
			Note	E
At beginning	ofyear			6,638	35,032	41470	40,485
Deficit for year				(1,992)		(1,992)	(4,353)
Revaluation	ofinvestments				5,635	5,635	17,757
Transfers to	designated	reserves				34,180	(12,219)
At 31March	2022			38,826	40,667	79,493	41,670

15.NET	TRANSFER TO	DE	SIGNATED RESERVES
					2022	2021
					f	f
Transfer	from designated		reserves re expenditure	in the year	2,740	971
Transfer	to designated	reserves			(13,560)	(13,190)
Transfer	from designated		reserves		45,000
					34,180	(12,219)

16.RECONCIUATION OF OPER	ATING SURPLUS /	(DEFICIT)TO CASH FLOW	FROM OPERATING ACT	IVITIES
			2022	2021
			E	E
(Deficit) / Surplus for period before revaluation		ofinvestments	(1,992)	(4,353)
Interest received			(1)	(3)
Dividends received			(3,528)	(3,481)
Depriciation oftangible fixed	assets		2,274	2,310
Surplus on disposal ofinvestments
(Increase)/decrease in debtors			3,553	313
Increase/(decrease) in creditors			(2,104)	(8,723)
Net cash Row from operating	activities		(1,798)	(13,937)

PROPERTY REVENUE ACCOUNT	PROPERTY REVENUE ACCOUNT	PROPERTY REVENUE ACCOUNT					2022	2021
								E
Income
Rents receivable							36,463	35,654
Grant received
							36/I63	35,654
Expenditure
Repairs and Maintenance							4,221	2,953
Heating and Ughting							11,943	16,068
Insurance							1,140	1,105
Council Tax							3,339	1,795
Water Rates							1,340	1,346
Management Charges							14,660	14,558
							36,643	372I25
(Deficit)/ surPlus for year transferred			to Income		and Expenditure	Account	(180)	(2,171)
GENERAL INCOME	AND EXPENDITURE		ACCOUNT				2022	2021
							f	E
Other Income
Deposit Account							1	3
Other investment	income						3,528
Surplus on sale of	investments
								3~3
Community Alarm	Service							140
Professional Fees
Bank Charges							(30)	30
Subcriptions							183	179
Accountancy Fee							2,820	2,700
Losses from Bad Debts							(46)	305
Depreciation							2,274	2,310
Other
							5~1	5,664
Defrdt for the year							(1412)	(2,181)
{Deficit)/ surplus transferred		from Property		Revenue Accounts			(180)	(2,171)
(Defiat) / surplus forthe year		before	investment		revaluation		(1,992)	(4,352)