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|Board Report|||I to 3|
|---|---|---|---|
|Independent
Auditors'|Report||4to 6|
|Statement ofComprehensive||Income||
|Balance Sheet||||
|Cash Flow Statement||||
|Statement ofChanges|in Reserves||10|
|Notes to the Financial|Statements||11 to 16|
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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|
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||||||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|
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||||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|
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|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|
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|||Statement ofChan|ges
ht Reserves as at31|October 2021||
|---|---|---|---|---|---|
||||Income and
expenditure|Revaluation
reserve|Total|
||||reserve|||
|At 1November|2020||224,009|799|224,808|
|Surplus for the|year||5,332||5,332|
|Revaluation
of|investments|||4,178|4, 178|
|Total comprehensive||income|5,332|4, 178|9,510|
|At 31October|2021||229,341|4,977|234,318|
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|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||
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|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|
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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)|
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|6|Tangible fixed assets|||
|---|---|---|---|
|||Housing||
|||properties for||
|||letting|Total|
||||K|
|Cost||||
|At|1 November 2020|316,792|316,792|
|Additions||3,400|3,400|
|At|31October 2021|320,192|320,192|
|Depreciation||||
|At|1 November
2020|37,651|37,651|
|Charge for the year||8,544|8,544|
|At|31 October 2021|46,195|46,195|
|Net book value||||
|At|31October 2021|273,997|273,997|
|At|31October 2020|279,141|279,141|
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Fixed asset investments|||
|---|---|---|
||2016|2020|
|Other investments|23,727|18,750|
|Other investments|||
||Listed||
||investments|Total|
||g||
|Valuation|||
|At 1 November 2020|18,750|18,750|
|Revaluation|4,178|4,178|
|Additions|799|799|
|At 31October 2021|23,727|23,727|
|Carrying
amount|||
|At 31October 2021|23,727|23,727|
|At 31October 2020|18,750|18,750|
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|9
Debtors||||
|---|---|---|---|
|||2021|2020|
|Prepayments||798|776|
|10 Creditors: amounts|falling due within one year|||
|||2021|2020|
|||K|K|
|Trade creditors|||410|
|WMC paid in advance||1,952|1,856|
|Grants||2,401|2,401|
|Accmals||1,612|1,479|
|||5,965|6,146|
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