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|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|
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|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|||
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|||||||||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|||
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|||||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|
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||||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|
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||||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|
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||||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|
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|||||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)|
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|||||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|
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||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)|