2021-10-31-accounts - George Newton Housing Trust

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The trustees and office	rs serving during the year and
Board:	K Parker
	A JBradley
	D Arrowsmith
	FHanson
	A Cathey
	R Grosschmidt
	JAnderton

					2021	2020
				Note
Turnover					27,379	26,971
Administrative expenditure					(22,846)	(19,972)
Operating surplus					4,533	6,999
Income from fixed	asset investments				799	989
Interest receivable	and	similar income			I	20
Movements in fair	value offinancial		instruments		4, 178	(4,535)
Surplus for the year					9,511	3,473
Total comprehensive		income for the year			9,511	3 473

			Balance Sheet as at 31O	ctober 2021
					2021	2020
				Note		K
Fixed assets
Tangible assets					273,997	279,141
Investments					23,727	18,750
					297,724	297,891
Current assets
Debtors					798	776
Cash at bank	and in	hand			45,028	37,954
					45,826	38,730
Creditors: Amounts		falling due within one year		10	(5,965)	(6,146)
Net current	assets				39,861	32,584
Total assets	less current		liabilities		337,585	330,475
Creditors: Amounts		falling due after more than one year			(103,266}	(105,667)
Net assets					234,319	224,808
Reserves
Income and	expenditure		reserve		229,342	224,009
Unrestricted	revaluation		reserve		4,977	799
Total reserves					234,319	224,808

Reconciliation ofnet movement	in funds to n	et cash flow from operating	activities
			2021	2020
Net income			9,511	3,473
Investment income			(800)	(1,009)
Depreciation			8,544	8,408
(Profit) /loss on revaluation offixed asset investments			(4,178)	4,535
(Increase)/decrease in debtors			(22)	54
Decrease in creditors			(2,582)	(2,182)
Net cash inflow			10,473	13,279
Cash flow statement
			2021	2020
Net cash inflow fiom operating	activities		10,473	13,279
Returns on investments and servicing offlnance
Interest received			800	1,009
Capital expenditure and financial investment
Purchase oftangible fixed assets			(3,400)
Purchase ofinvestments			(799) {4,1991	(989) ~999
Increase in cash in the year			7,074	13,299
Reconciliation ofnet cash flow to movement		in net funds
Increase in cash			7,074	13,299
Net funds at 1 November 2020			37,954	24,655
Net funds at 31October 2021			45,028	37,954

value, over their expected useful economic life as follow	s:
Asset class	Depreciation	method and rate
Roofs	50 years
Doors and windows	30years
Kitchens	20years
Bathroom	25 yems
Boilers	15 years
Electrical and heating installations	25 years

2 Social housing turnover	2 Social housing turnover	2 Social housing turnover		and costs	and costs	and costs
								2021	2020
Turnover
Rents receivable								24,978	24,155
Other income									415
Amortised government	grants							2,401	2,401
Turnover from social housing					lettings			27,379	26,971
Administrative expenditure
Management								(4,492)	(4,714)
Service charge costs								(5,141)	(4,992)
Routine maintenance								(4,501)	(1,669)
Depreciation ofhousing		properties						(8,544)	(8,408)
Other costs								(168)	(189)
								(22,846)	(19,972)
Operating surplus on	social			housing			lettings	4,533	6,999
Void losses									444
3 Governance costs
								Total	Total
								2021	2020
								f.
External auditors remuneration;
The audit ofthe charity's			annual			accounts		1,000	950
4 Accommodation owned				and in management
								Number ofunits Number ofunits
								at 1November	at31October
								2020	2021
Housing accommodation
5 Surplus on ordinary		activities is stated after charging/(crediting):
								2021	2020
Depreciatiou ofhousing		properties				for	letting	8,544	8,408
Amottisation ofgovenunent			grants					(2,401)	(2,401)