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|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||
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|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|
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|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|||||
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|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|
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|---|---|---|---|
|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|
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|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|
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||||||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|
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|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|
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|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)|
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|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)|
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|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)|