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|ntents|ntents||||
|---|---|---|---|---|
|Trustees
and Advisors.||||...2|
|Report of|the Trustees|.||3|
|Statement|ofthe Responsibilities||ofthe Trustees
in Respect ofthe Accounts.|5|
|Report of
Statement
Statement|the Auditors
of comprehensive
income for the year ended 31'"March 2022 .. .
of changes
in reserves for the year ended 31"March 2022 .|||.6
...........8
9|
|Statement|of financial|position|as at 31st March 2022|10|
|Notes ......................||.......||11 — 18|
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||||||2022|2021|2020|2019|2018|
|---|---|---|---|---|---|---|---|---|---|
|Operating
costs|as|a|percentage|of||||||
|turnover
(Excluding||Amortisation||and|53.00%|64 34%|50.65%|74.28%|58.12%|
|Depreciation)||||||||||
|Maintenance
costs|per|unit|||E1,196|E1,642|F1,030|E1,959|F1,666|
|No ofVoids in year||||||||||
|Routine repairs completed|||on time||95.97%|89.68%|95.50%|9809%|95.57%|
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||||Notes|2022|2021|
|---|---|---|---|---|---|
|Turnover||||102,574|101,165|
|Operating
Costs||||(54,365)|(65,678)|
|Depreciation||||(17,656)|(19,866)|
|Operating
(Deficit)/Surplus||||30,553|15,621|
|Loss on disposal of Fixed Assets||||(1,322)|(1,322)|
|Interest
receivable||||1,111|1,090|
|Total Comprehensive|Income for the year|||30,342|15,389|
|Transfer from Designated||Reserves||||
|Income and Expenditure||Reserve at 1 April 21||362,213|346,824|
|Income and Expenditure||Reserve at 31March 22||392,555|362,213|
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|or the|
year e|
nded|
31 March 2022|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Charitable||
||||Investment|Income a||||Fund||
||||Revaluation|Expenditure|Designated||Other|Property|Total|
||||Reserve|Account|Reserve||Reserves|Reserve|Reserves|
||||E|E||E|E|E|E|
|Balance
1"April|as at
2021||197,779|362,213|120,311||918|99,102|780,323|
|Total comprehensive||||30,342|||||30,342|
|income/(Deficit)||for||||||||
|the year||||||||||
|Revaluation
surplus|||25,988||||||25,988|
|arising|during the|||||||||
|year||||||||||
|Balance
3 "|as at
I 20»||223 76|392 55|»|3|918|99.102|636 653|
|||||||Trustees'a|nnual
repo|rt and acco
31 March|
|---|---|---|---|---|---|---|---|---|
|Statement of Financial|||Position||||||
|as at31"March 2022|||||||||
|||||Notes|2022|2022|2021|2022|
|Fixed Assets|||||||||
|Tangible Assets||||6a||482,314||479,562|
|Investments||||7||260,277||234,090|
|Current Assets||||||742,391||713,652|
|Debtors|||||4,962||10,414||
|Cash at bank and in|hand||||360,466||335,782||
|Creditors:
Amounts|falling||||365,428||346,196||
|due within
one year|||||(7,809)||(12,792)||
|Net Current Assets||||||357,619||333,404|
|Total Assets||||||1,100,010||1,047,056|
|Creditors:
Amounts|falling||||||||
|due after more than||one|year|6b||(263,357)||(266,733)|
|Total Net Assets||||||836,653||780,323|
|Reserves|||||||||
|Investment
Revaluation
Reserve
Income a Expenditure
Account||||||223,767
392,555||197,779
362,213|
|Designated
Reserve
Other Reserves||||||120,311
918||120,311
918|
|Charitable
Fund Property||Reserve||||99,102||99,102|
|||||||836,653||780,323|
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|useful|economic|lives.||
|---|---|---|---|
|Land||- Not Depreciated||
|Main Fabric||- 100years straight|line|
|Roof'||- 40 years straight|line|
|Electricals||- 30years straight|line|
|Windows||- 25 years straight|line|
|External|Doors|- 25 years straight|line|
|Bathroom||- 20 years straight|line|
|Kitchen||- 15years straight|line|
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|Turnover
and Operating|Turnover
and Operating|Surplus for the Year by Class of Business|Surplus for the Year by Class of Business|Surplus for the Year by Class of Business|Surplus for the Year by Class of Business|Surplus for the Year by Class of Business|Surplus for the Year by Class of Business|||
|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2021|
||||||||k||E|
|Turnover
from lettings||||||||||
|Rents and service charges receivable|||||||100,802||100,264|
|Amortised
government||grants|||||3,376||3,376|
||||||||104,178||103,640|
|Operating
Expenditure||||||||||
|Bad debts written|off|||||||||
|Management|||||||15,574||15,007|
|Day to day repairs|lt maintenance||||||28,700||39,396|
|Services (including|Water Rates)||||||10,093||11,275|
|Depreciation|||||||17,656||19,866|
|Total Expenditure|on|Social Housing||Lettings|||72,023||85,544|
|Void Losses|||||||(1,604)||(2,475)|
|Senior Executives||||||||||
|The Senior Executives are
(2022: Enil)||defined as|the Trustees,|||who received|no emoluments|during|the year|
|Interest receivable|and|similar income||||||||
||||||||2022||2021|
||||||||E||E|
|Investment
income|||||||||1,090|
|Surplus on Ordinary|Activities|||||||||
||||||||2022||2021|
||||||||E||E|
|The Surplus
on ordinary||activities|is stated||after charging:|||||
|Auditor's
remuneration|||||||933||939|
||||Truste|es' annual
|report and acc
31 March|
|---|---|---|---|---|---|
|6a.|Tangible Assets|||||
|||Housing|Fixtures||Total|
|||Properties||and|Fixed|
||||Fittings||Assets|
||Cost:|||||
||At 1st April 2021|772,602||10,161|782,763|
||Additions|21,727|||21,727|
||Disposals|(15,320)|||(15,320)|
||At 31st March 2022|779,009||10,161|789,170|
||Less: Depreciation|||||
||At 1"April 2021|293,038||10,161|303,199|
||Charge for the year|17,655|||17,655|
||Disposals|(13,998)|||(13,998)|
||At 31"March 2022|296,695||10,161|306,856|
||Net BookValue:|||||
||31"March 2022|T 482,314|f||6482,314|
||1"April 2021|F 479,562|8|—|E479,562|
|6b.|Social Housing Assistance|Social Housing Assistance|—Creditors falling|—Creditors falling|due after more|than one year||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||||E|
||Total accumulated|social housing||grant received|at 31 March 22|337,637|337,637|
||Recognised
in the|statement|of|comprehensive|income|(74,280)|(70,904)|
||Held as deferred|income||||263,357|266,733|
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|No|tes (continued)|tes (continued)|tes (continued)||||||
|---|---|---|---|---|---|---|---|---|
|7.|Fixed Asset Investments||||||||
||||||||2022|202I|
||||||||E||
||Valuation
at 1"April||2021||||234,090|189,502|
||Disposals||||||||
||Surplus
arising
on revaluation||||||25,987|44,588|
||At 31 March 2022||||||260,077|234,090|
|The|investments
comprise the||following:-||||||
||||||||2022|202I|
|||||||||E|
||2080.17(2013:2080.17)|||COIF|Income Shares||40,443|37,217|
||943.44 (2013:943.44) COIF Accumulation|||||Shares|217,804|195,044|
||3'/~% War Stock (nominal|||f2,319.80)|||1,829|1,829|
||||||||260,076|234,090|
||The historical
cost of|investments|||is analysed|as follows:-|||
||||||||2022|202I|
||||||||E||
||COIF Income Shares||||||19,089|19,089|
||COIF Accumulation|Shares|||||14,666|14,666|
||3'/z% War Stock||||||1,750|1,750|
||||||||35,505|35,505|
|8.|Debtors||||||||
||||||||2022|202If|
||Rental debtors||||||3,691|3,689|
||Prepayments
and accrued|||income|||1,271|6,725|
||||||||4,962|10,414|
|9.|Creditors:
Amounts||falling due||within one year||||
||||||||2022|202I|
||Prepaid
rents||||||374|358|
||Trade creditors and|accruals|||||7,435|12,434|
||||||||7,809|12,792|
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