## ||||Page| |---|---|---|---| |Report ofthe Trustees|||1 to 3| |Independent
Lxaminer's|Report||| |Statement
of Financial|Activities||| |Statement
ofComprehensive
Income|||| |Balance Sheet|||| |Cash Flow Statement|||| |Notes to the Cash Flow|Statement||| |Notes to the Financial Statements|||10to 16| |Detailed Statement
of Financial||Activities|17to 18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted||Endowment|Total|Total| |||||funds|fund||fund|funds|funds| ||||Notes|6||6|6|E|6| |INCOME AND|||||||||| |ENDOWMENTS
FROM|||||||||| |Charitable
activities||||210,923|||7,370|218,293|232,699| |Investment
income|||||||||| |Total||||214,590|||73370|2216960|238 766| |EXPENDITURE ON|||||||||| |Charitable
activities|||||||||| |Maintenance
ofsocial
housing
Net gains/(losses)
on
investments||||134,674|~||256890
1606564
»||121,751
~6)| |NET|||||||||| |INCOME/(EXPENDITURE)||||79,916|313055||(136503)|973468|104)769| |3|6|6|~553)||||3||| |Net movement
in|funds|||25,463|31,055||40,950|97,468|104,769| |RECONCILIATION|OF||||||||| |FUNDS|||||||||| |Total funds brought|||||||||| |forward||||690)219|2356734||6346046|135596999|14455 230| |TOTAL FUNDS CARRIED|||||||||| |FORWARD|||||66|69|49|65
46|5| ## ||||2021|2020| |---|---|---|---|---| ||||Year ended|Year ended| ||||31December|31 December| ||||2021|2020| |||Notes|6|6| |Turnover|||218,293|232,699| |Operating
expenditure|||(160,190)|(121,485)| |Realised (losses)/gains|on|2|36,072|(12,246)| |investments||||| |Operating
Surplus/(deficit)|||94,175|98,968| |Flnandng
Income
Interest receivable||2
2|2,199
1,468|2 332
3,735| |interest and financing|costs||(374)|(267)| |Total Comprehensive|Income||97,468|104,769| ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||Unrestricted||Restricted|Endowment|Total|Total| ||Notes||funds
5|fund
6|fund
I|funds
E|funds
E| |FIXEDASSETS|||||||| |Tangible assets
Investments|6
7||1,733||1,122,734
66|1,124,467|1,097,636
9| ||||1,733|2665789|15183t466|1t4515988|113891085| |CURRENT ASSETS|||||||| |Debtors
Cash at bank|8|1|5,312
391|||55312|6,906
664 5| |||721,103||||721,103|691,425| |CREDITORS|||||||| |Amounts
falling
due within|||||||| |one year|9|(7,154)||||(7,154)|(4,672)| |NET CURRENT ASSETS||||||399|53| |TOTAL ASSETS LESS|||||||| |CURRENT LIABILITIES||7155682||2665789|151835466|251655937|2 075 838| |PROVISIONS FOR|||||||| |LIABILITIES|10||||(508,470)|(508,470)|(515,839)| |NET ASSETS|||||996|»|5| |FUNDS|||||||| |Unrestricted
funds
Restricted
funds||||||715,682
266,789|690,219
235,734| |Endowment
funds|||||||6| |TOTAL FUNDS|||||||99| ## ## ||2021|2020| |---|---|---| |Notes|6|6| |Cash flows from operating
activities
Cash generated
from operations
1|~102778|~153751| |Net cash provided
by operating
activities|~102778|~153751| |Cash flows from Investing
activities||| |Purchase oftangible
fixed assets
Interest received|(54,454)
~1468|(65,056)
~3735| |Net cash used
In Investing
activities|~52 986)|~61321)| |Cash flows from financing
activities
Income attributable
to endowment
Expenditure
attributable
to endowment|7,370
~25890)|7,369
~23 423)| |Net cash used
In financing
activities|~18520)|~16054)| |Change
In cash and cash
equivalents
In the reporting
period
Cash and cash equivalents
at the
beginning
ofthe reporting
period|31,272
~684 519|76,376
~608 143| |Cash and cash equivalents
at the
end ofthe reporting
period|715,791|684,519| ## ## ## ## |RECONCILIATION
OF
ACTIVITIES|NET I|NCOME TO NET|CASH FLOW FROM O|PERATING|| |---|---|---|---|---|---| |||||2021
E|2020
I| |Net Income for the reporting
of Financial Activities)||period (as per|the Statement|97,468|104,769| |Adjustments
for:|||||| |Depreciation
charges||||27,624|25,157| |(Gain)/losses
on Investments
interest
received
income attributable
to endowment
Expenditure
attributable
to endowment||||(36,072)
(1,468)
(7,370)
25,890|12,246
(3,735)
(7,369)
23,423| |Decrease
In debtors
Decrease
In creditors||||1,594
~4888)|7,144
~7884| |Net cash provided
by|operations|||~102778|~153751| |ANALYSIS OF CHANGES IN||NET FUNDS|||| ||||At 1.1.21
f|Cash flow
6|At 31.12.21
6| |Net cash|||||| |Cash at bank|||~684 519|~31272|~715791| ||||~684 519|~31272|~715791| |Total|||~684 519|~31 272|~715791| ## ## ## ## |useful liv|es. Depreciation
Is c|es. Depreciation
Is c|harged
ag|ainst pro|perties|on a straigh|t
line basis| |---|---|---|---|---|---|---|---| |Freehold|land- not depreciated||||||| |Components||are depreciated|using the|following|rates:||| |Windows|Ik|doors|20 years|||Boilers|15years| |Kitchens|||20 years|||Electrics|40 years| |Bathrooms|||30 years|Wiring,||plumbing|30 years| |Roofs|||70 years|||Structure|100years| |Equipment|||5 years||||| ## ## ## ## ## |INVESTME|NT INCOME||| |---|---|---|---| |||2021
8|2020
I| |Investment|Income|2,199|2 332| |Deposit account Interest||~1468|~3735| |||~3667|~6067| ## ## ## ||||2021
6|2020f| |---|---|---|---|---| |Wages
Other|and salaries
pension
costs||44,614
~22I7|38,463
~1924| ||||~46831|~40 387| |The average
monthly
number
of employees|during
the year was as follows:||| |---|---|---|---| ||2021|2020|| |Employees|3||2| ## ## ||||||Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---|---|---|---| ||||||funds
E|fund
E|fund
E|funds
f| ||INCOME AND ENDOWMENTS||FROM|||||| ||Charitable
activities||||225,330||7 369|2327699| ||investment
Income|||||||6 067| ||Total||||231,397||7,369|238,766| ||EXPENDITURE ON|||||||| ||Charitable
activities|||||||| ||Maintenance
of social housing||||98,328||237423|1217751| ||Net gains/(losses)
on investments|||||~7453||| ||NET INCOME/(EXPENDITURE)||||133,069|(7,748)|(20,552)|104,769| ||Transfers
between
funds||||||65 05|| ||Net movement
in funds||||68,013|(7,748)|44,504|104,769| ||RECONCILIATION
OF FUNDS|||||||| ||Total funds brought forward||||622,206|243,482|589,542|1,455,230| ||0
0*
~|0||69|690 9»5 7||63
046|559 999| |6.|TANGIBLE FIXEDASSETS|||||||| |||||||Freehold|Plant and|| |||||||property
f|machinery
E|Totals
E| ||COST|||||||| ||At 1January 2021|||||1,560,970|89668|175697638| ||Additions|||||||| ||At 31 December 2021||||||666|99| ||DEPRECIATION
At 1January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021|||||4667800
57202
472,002
27 623
9
69
5
7»
6||| ||At 31 December 2020|||||3 09||36| ||The tangible
Rxed assets|consist||of houses|and flats|which
are used|for the furtherance
of the|| ||objectives ofthe Registered|Social||Landlord|and are fundamental
to Its||operation.
Additions
consist|| ||of improvements
and refurbishments|||ofthe|properties.|||| ## ## |FIXED ASSET INVESTMENTS|| |---|---| ||Listed| ||Investments| ||6| |MARKET VALUE|| |At 1January 2021|291,449| |Revaluations|~36 072| |At 31 December 2021|3~27 521| |NET BOOK VALUE|| |At 31 December 2021|3~27 521| |At 31 December 2020|~291 449| |||Extraordinary
Repair Fund|Extraordinary
Repair Fund|Permanent
Endowment|| |---|---|---|---|---|---| |||NAACIF||NAACIF|| |||Accumulation||Income|2021| |||Shares
6||Shares
6|Totalf| ||Valuation
at 1stJanuary 2021
Revaluation
to Market Value|235,733
3||55,716|291,449
~36072| ||Valuation
at 31 December 2021||||~327 521| |8.|DEBTORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR||||| |||||2021|2020| |||||6|6| ||Trade debtors
Other debtors|||2,993
~2319|4,660
~2246| |||||5,312|6,906| |9.|CREDITORS: AMOUNTS
FALLING DUE WITHIN||ONE YEAR||| |||||2021|2020| |||||6|6| ||Trade creditors|||194|| ||Taxatlon
and social security|||2,227|| ||Other creditors|||~4733|~4672| |||||~7154|~4672| ## ## ## ## |MOVEMENT|IN FUNDS|||||| |---|---|---|---|---|---|---| |Anal sls of|funds durln
the|ear||||| ||8/fwd at|||||C/fwd at| ||1Jan||||Investmen|31Dec| |Fund|2021|Income|Expenses|ransfers|Gain|2021| |en eral|555 219|214 702|134786|69453||565 682| |Desi nated|135000|||15000||150000| |Restricted|235 734||||31055|266 789| |Permanent||||||| |Endowment|634 046|7 370|25 890|'54 453|5 017|674 996| |otal|1559 999|222 072|160676||36 072|1 657 467| ## |||||Net||| |---|---|---|---|---|---|---| |||||Current||C/fwd at 31| |Fund|Fixed Assets||Investments|Assets|Provisions|Dec 2021| |General|1,733|||570,909|(6,960)|565,682| |Designated||||150,000||150,000| |Restricted|||266,789|||266,789| |Permanent||||||| |Endowment
Total|112|60
467»»|||515 450|674 9
1 65
7| ## ## ## ## ## ## ## ||2021f|2020f| |---|---|---| |INCOME AND ENDOWMENTS||| |Charitable
activities||| |Donations
Grants
Maintenance
contributions|7,369
2~10924|6,105
7,369
~219 225| ||218,293|232,699| |Investment
Income||| |Investment
Income
Deposit accountlnterest|2,199
~1468|2/332
~3735| ||~3667|~6067| |Total incoming
resources|221,960|238,766| |EXPENDITURE||| |Charitable
activities||| |Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Repairs and maintenance
Alarm fees and line rental
Garden expenses
Rates|44,614
2,217
6,497
4,460
3,922
1,517
1,136
1,633
36,506
2,598
7,486
356|38,463
1,924
7,047
4,706
5,853
1,633
686
560
5,314
2,313
6,607
179| |Freehold
property
depreciation
Plant 6 machinery
depreciation|25,890
~1734|23,423
~1734| ||140,566|100,442| |Support costs||| |Management||| |Examination
and accounts fee
Bank charges
and interest|2,860
374|2,860
267| |Clerk's fee and expenses
Subscriptions|iS,954
715|17,202
834| |Computer
expenses|95|146| ||~i9998|~21 309| |Total resources
expended|~160564|~121751| |Net income before gains and losses|61,396|117,015| |Realised recognised
gains and losses||| |Carried
forward|61,396|117,015| ## ## |||2021|2020I| |---|---|---|---| |Realised recognised|gains and losses||| |Brought forward||61,396|117,015| |Realised gains/(losses)|on fixed asset||| |investments||~36072|~12 246)| |Net income||~97468|~104 769|