2021-12-31-accounts

INDEX
	PAG E
TRUSTEES REPORT	1-3
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF COMPREHENSIVE INCOME
STATEMENT OF CHANGES IN FUNDS
STATEMENT OF FINANCIAL POSITION
STATEMENT OF CASH FLOWS
NOTES TO THE FINANCIAL STATEMENTS	9 —11
DETAILED INCOME AND EXPENDITURE ACCOUNT	12

Reverend N Jenkins	Chairperson
Mrs M Hardy Dr SJS Hardy	(Resigned 14 February 2022) (Resigned 14 February 2022)
Reverend T Gant	(Resigned 13September 2021)
Mr R Thompson
Ms D Boyle
Mrs EJ Sinanan
Mrs L E Wilkinson Reverend D S Bisby	(Appointed (Appointed	13September 2021) 15 February 2021)
Mr M Tyler	(Appointed	14 February 2022)
STRUCTURE, GOVERNANCE AND MANAGEMENT

								2021	2020	NHF*
Reinvestment
New su	I	social housin		units
New su	I	Non-socialhousin			units
Gcarin								496	199
EBITDA MRI		interest	cover							216
Headline Operating lettin	social housin margin		cost (social		housing	6	er unit	2,619 30	5,045 (23)	63,891 25
0 eratin	mar in overall							97		24
Return on ca		ital em	lo ed					16

				Note	Year ended	Year ended
					31 December 2021	31 December 2020
Turnover
					44,988	48,849
Operating	expenditure				(31,432)	(60,351)
Operating	surplus/(deficit)				13,556	(11,502)
interest receivable
					2,623	2,587
Movement	in fair value	offinancial	instruments		30,169	14,561
Total comprehensive		income/(expenditure)		for the year	46,348	5,646
Balance at	1 January 2021				230,982	225,336
Balance at	31 December 2021				277,330	230,982

			Balance at January 2021 6	Income f	Expenditure F	Gains on Investments 6	Transfers f	Balance at December 2021 6
Income and expenditure		reserve	33,763	46,213	31,432	1,709	(7,000)	43,253
Designated
Cyclical maintenance		fund	50,044	1,398		4,445	7,000	62,887
Extraordinary	repair fund		147,175			24,015		171,190
			230,982	47,611	31,432	30,169		277,330

		2021	2020
		6	6
Cost offixed investments
Investment	revaluation	26,000 11,453	26,000 7,008
		37,453	33,008
Short term	investments
		25,434	17,036
Total
		62,887	50,044

		2021 f	2020 6
Cost ofinvestments
Investment	revaluation	69,904	69,904
		101,286	77,271
Total
		171,190	147,175

			Note	Year ended	Year ended
				31 December 2021	31 December 2020
Fixed assets
Tangible fixed assets				6,540	6,540
Investments
				223,049	192,880
				229,589	199,420
Current assets
Debtors
				3,253	3,509
Investments
				25,434	17,036
Cash and cash equivalents				32,591	13,010
Total current assets				61,278	33,555
Less: Creditors: amounts		falling due within one year		(13,537)	(1,993)
Net current assets
				47,741	31,562
Total net assets				277,330	230,982
Reserves
Income and expenditure		reserve		43,253	33,763
Designated reserves
Extraordinary repair fund Cyclical maintenance fund				171,190 62,887	147,175 50,044
				277,330	230,982

			FO	R T	HE YEAR E	NDED 31D	ECEMBER 2021
						Note	Year ended	Year ended
							31 December 2021	31 December 2020
Net cash generated		from	operating	activities			27,979	(8,052)
Cash flow from	investing		activities
Interest received
							(1,398)	(1,387)
							26,581	(9,439)
Transfer from/(to)	investments						(7,000)	10,000
Net change in cash		and cash equivalents					19,581	561
Cash and cash equivalents			at beginning		ofthe year		13,010	12,449
Cash and cash equivalents			at end of	the	year		32,591	13,010

				Year ended	Year ended
				31 December 2021	31 December 2020
Operating		(deficit)/surplus	for the year	13,556	(11,502)
Adjustments		for non-cash	items:
Decrease	in debtors
Increase	in	creditors		256	248
Interest received				11,544	615
				2,623	2,587
				27,979	(8,052)

				Freehold
				Property
Cost:				6
At 1 January 2020and 31 Less: Housing Association			December 2021 grants	133,578 (127,038)
Adjusted	net cost
				6,540

The freehold property consists of12almhouses so the cost shown above relates to additions to is held by the Housing Corporation.	The freehold property consists of12almhouses so the cost shown above relates to additions to is held by the Housing Corporation.	The freehold property consists of12almhouses so the cost shown above relates to additions to is held by the Housing Corporation.	at Shipton Street, York. The original cost is unknown, the scheme. A first legal charge on freehold property	at Shipton Street, York. The original cost is unknown, the scheme. A first legal charge on freehold property	at Shipton Street, York. The original cost is unknown, the scheme. A first legal charge on freehold property
FIXEDASSETS—INVESTMENTS				2021f	2020 f
At 1 January 2021 Addition at cost				192,880	173,319
Disposals					5,000
Gain/(loss) in the year				30,169	14,561
At 31 December 2021			223,049		192,880
investments at market UK equities	value comprised:		223,049		192,880
Historical cost as at 31	December 2021		105,904		105,904
DEBTORS
				2021 F	2020f
Rent receivable Other debtors Prepayments				1,817 45 1,391	2,137 23 1,349
				3,253	3,509

	31	December 2021		2020
INCOME	6	5
Investment income
1984COIF income shares COIF deposit account interest Donations		2,620 3		2,522 65
Contributions from residents		3 44,985		48,849
TOTAL INCOME		47,611		51,436
EXPENDITURE
Administration:
Clerk's salary and expenses Accountancy fees Subscriptions Insurance Sundries Bank charges Advertising	2,710 1,420 626 1,450 232 100 280		2,661 1,340 616 1,476 144 63
Services:	6,818		6,300
Light and water Gardening	3,183 2,390		3,000 2,734
Almshouse repairs and improvements	5,573		5,734
Repairs and improvements	19,041		48,046
Garden expenses			271
TOTAL EXPENDITURE		31,432		60,351
SURPLUS/(DEFICIT) FOR THE YEAR		16,179		(8,915)