| INDEX | PA6 E | |
|---|---|---|
| TRUSTEES REPORT | 1-5 | |
| INDEPENDENT EXAMINER'S |
REPORT | |
| STATEMENT OF COMPREHENSIVE INCOME |
||
| STATEMENT OF CHANGES | IN RESERVES | |
| STATEMENT OF FINANCIAL | POSITION | |
| STATEMENT OF CASH FLOWS AND NOTES TO STATEMENT OF CASH FLOWS | 10 | |
| NOTES TO THE FINANCIAL | STATEMENTS | 11-20 |
| Unrestricted | Designated | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2022 | 2022 | 2022 | 2021 | ||
| F | Z | E | E | 6 | |||
| Turnover | 85,852 | 85,852 | 82,788 | ||||
| Operating costs |
76,100 | 32,707 | 108,807 | 73,091 | |||
| Operating surplus/(deficit) |
9,752 | (32,707) | (22,955) | 9,697 | |||
| Interest receivable and similar |
5 | 120 | 1,991 | 2,111 | 1,864 | ||
| Income | |||||||
| Interest payable and similar expenses |
5 | (233) | (233) | (288) | |||
| Surplus/(deficit) for the year on ordinary activities |
9,639 | (30,716) | (21,077) | 11,273 | |||
| Movement in fair value of financial instruments |
8 | (1,910) | (536) | (2,446) | 4,233 | ||
| Total comprehensive | |||||||
| income / (expenditure) |
for | ||||||
| the year |
| Income and Expenditure |
Designated Routine Maintenance |
Designated Cyclical Maintenance |
Restricted/ Designated Extraordinary Repair |
Total 2022 |
||
|---|---|---|---|---|---|---|
| F | ||||||
| As at 1 January 2022 | 356,915 | 26,426 | (18,702) | 100,832 | 465,471 | |
| Transfer | (4,000) | 4,000 | ||||
| Total comprehensive | ||||||
| income/(expenditure) | for | 7,729 | (13,730) | (16,986) | (536) | (23,523) |
| the period | ||||||
| As at 31 December 2022 | ~ | 3ZJ)S(I | ~ | 1Q4295 |
| Expenditure | Designated M . 1 Routine aintenance |
Designated Cyclical Maintenance |
Designated Extraordinary Repair |
Total 2021 |
||
|---|---|---|---|---|---|---|
| 6 | 6 | 6 | 6 | |||
| As at 1 January 2021 | 329,508 | 26,426 | (5,211) | 99,242 | 449,965 | |
| Transfer | ||||||
| Total comprehensive | ||||||
| income/(expenditure) | for | 27,407 | (13,491) | 1,590 | 15,506 | |
| the period | ||||||
| As at 31 December 2021 | 3~ | 25326 | ~18702 | ~100 32 |
466471 |
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| E | E | ||||
| Fixed assets | |||||
| Tangible fixed assets |
287,969 | 290,893 | |||
| Investments | 47413 | 49 178 | |||
| 335,382 | 340,071 | ||||
| Current assets | |||||
| Debtors and prepayments | 3,802 | 5,907 | |||
| Cash at bank and | in hand | 112734 | 141 040 | ||
| 116,536 | 146,947 | ||||
| Creditors; Amounts | falling due within one year | 10 | (4 406) | ~15568 | |
| Net current assets | 112,130 | 131,379 | |||
| Creditors: amounts | falling due after one year | 12 | 5564 | (5,979) | |
| Total net assets | 441914 | 4 5471 | |||
| Reserves | |||||
| Income and expenditure | reserve | 360,644 | 356,915 | ||
| Designated funds |
(22,992) | 108,556 | |||
| Restricted funds | 104,296 | ||||
| Endowment funds |
| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| F | ||||||
| Net cash generated from operating |
activities | (30,202) | 12,769 | |||
| Cash flow from investing activities |
||||||
| Payments to acquire tangible fixed |
assets | |||||
| Interest receivable | 2 111 | 1 864 | ||||
| Net cash flow from investing activities |
(28,091) | 14,633 | ||||
| Cash flow from financing activities |
||||||
| Repayment of long term loans |
(233) | (288) | ||||
| Rent received from investment | properties | 18 | 18 | |||
| Net change in cash and cash equivalents |
(28,306) | 14,363 | ||||
| Cash and cash equivalents at 31 |
December 2021 | 141040 | 126677 | |||
| Cash and cash equivalents at 31 |
December 2022 | ~1127 4 | ~141 4 | |||
| Notes to the statement ofcash |
flows | |||||
| 2022 | 2021 | |||||
| 6 | 6 | |||||
| 1.Net cash generated from operating |
activities | |||||
| (Deficit)/surplus for the year |
(23,523) | 15,506 | ||||
| Rent received from investment | properties | (18) | (18) | |||
| Interest payable | 233 | 288 | ||||
| Interest received | (2,111) | (1,864) | ||||
| Depreciation | 2,924 | 2,674 | ||||
| Accumulation investment additions |
(681) | (543) | ||||
| Losses/(gains) on investments |
2,446 | (4,232) | ||||
| Decrease/(increase) in debtors |
2,105 | (495) | ||||
| (Decrease)/increase in creditors |
(11,577) | 1,453 | ||||
| Net cash flow from operating activities |
(3(4222 | 127 |
| maintenance costs, or resul |
ting in a significant extension ofthe |
ting in a significant extension ofthe |
useful economic life ofthe property. |
useful economic life ofthe property. |
|---|---|---|---|---|
| Depreciation is recognised |
so as to write offthe cost or valuation | ofassets less their residual values over their | ||
| useful lives on the following |
bases: | |||
| Housing properties (completed schemes) |
50 years | Straight | line | |
| Housing Association grants |
50 years | Straight | line | |
| Fixtures and fittings | 5-8years | Straight | line |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 5 | 8 | |||||
| Social housing | lettings | 85,852 | 82,788 | |||
| Total turnover | from social housing | expenditure | 85,852 | 82,788 | ||
| Social housing | activity | expenditure | ~108807 | ~73091 | ||
| Operating (loss)/surplus |
from social housing | activities |
| OPERATING COST | S | ||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Total | |||
| 2022 8 |
2022 5 |
2022f | |||
| Light, heat and power | 2,895 | 2,895 | |||
| Maintenance | 44,048 | 32,707 | 76,755 | ||
| Call system | 1,437 | 1,437 | |||
| Telecommunications | 1,429 | 1,429 | |||
| Insurances | 3,008 | 3,008 | |||
| Estate management | costs | 13,741 | 13,741 | ||
| Water &sewerage | 949 | 949 | |||
| Subscriptions | 546 | ||||
| Professional fees | 2,903 | 2,903 | |||
| Accountancy fees |
2,220 | 2,220 | |||
| Depreciation | 2,924 | 2,924 | |||
| Housing expenditure |
|||||
| Unrestricted | Designated | Total | |||
| 2021 6 |
2021f | 2021 8 |
|||
| Light, heat and power | 3,250 | 3,250 | |||
| Maintenance | 29,971 | 13,491 | 43,462 | ||
| Call system | 1,147 | 1,147 | |||
| Telecommunications | 1,464 | 1,464 | |||
| Insurances | 2,532 | 2,532 | |||
| Estate management | costs | 13,453 | 13,453 | ||
| Water &sewerage | 2,599 | 2,599 | |||
| Subscriptions | 522 | 522 | |||
| Professional fees | 23 | 23 | |||
| Accountancy fees |
1,965 | 1,965 | |||
| Depreciation | 2,674 | 2,674 | |||
| ~11 | |||||
| Housing expenditure |
|||||
| Void losses were 57,814 | (2021:85,520) | ||||
| Housing accommodation |
units were 19(2021:19) |
| NTEREST AND OTHER FINANCE INCOME AND E | XPENSES | ||
|---|---|---|---|
| Unrestricted | Designated | Total | |
| 2022 | 2022 | 2022 | |
| 8 | 6 | E | |
| Interest receivable and similar Income | |||
| Rental income | 18 | 18 | |
| Income from listed investments | 102 | 1,991 | 2,093 |
| Interest receivable | |||
| 120 | |||
| Interest payable and similar expenses | |||
| Loan interest | m23 | ||
| Unrestricted | Designated | Total | |
| 2021 | 2021 | 2021 | |
| E | 8 | ||
| Interest receivable and similar income | |||
| Rental income | 18 | 18 | |
| Income from listed investments | 1,835 | 1,835 | |
| Interest receivable | 11 | 11 | |
| 1 864 | |||
| Interest payable and similar expenses | |||
| Loan interest | 288 |
| 2022f | 2021 6 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2022 | 49,178 | 44,403 | ||||||||
| Addition at cost |
681 | 543 | ||||||||
| Gain/(loss) in the |
year | (2,446) | 4,232 | |||||||
| At 31 December | 2022 | |||||||||
| UK equity investments | at fair value | comprise: | ||||||||
| 175M&G Charity | Multi | Asset Accumulation | Shares | 18,468 | 18,323 | |||||
| 12,414 M&G Charity | Multi Asset income | Units | 10,963 | 11,315 | ||||||
| 1,054 M&G Charifund | Income Units | 15,489 | 16,402 | |||||||
| 1,708 Charinco Common | Investments | Units | 2,493 | 3,138 | ||||||
| Historical cost as | at 31 | December 2022 | 21,338 | 20,657 | ||||||
| DEBTORS AND PREPAYMENTS | ||||||||||
| 2022 | 2021 | |||||||||
| E | 6 | |||||||||
| Trade debtors | 827 | 1,760 | ||||||||
| Other debtors | 633 | 584 | ||||||||
| Prepayments | 2,342 | 3,563 | ||||||||
| REDITORS: AMOUNTS | FALLING DUE | WITHIN | ONE YEAR | |||||||
| 2022 | 2021 | |||||||||
| Z | ||||||||||
| Otherloans | 367 | 290 | ||||||||
| Trade creditors | 1,172 | 9,757 | ||||||||
| Payment received |
on | account | 50 | 50 | ||||||
| Accruals | 2,100 | 1,800 | ||||||||
| Deferred income | Note 11 | 717 | 3,671 |
| EFERRE | D INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | |||
| At 1 January 2022 | 3,671 | 3,314 | |
| Additions | during the year | (3,671) | (3,314) |
| Amounts | released to income | 717 | 3,671 |
| At 31 December 2022 | 3J)71 |
| CREDITORS: AMOUNTS FALLING DUE |
AFTER ONE YEAR | |
|---|---|---|
| 2022 | 2021 | |
| E | E | |
| Otherloans | ~57 |
| 13.ANALYSIS OF FUNDS | ||||||
|---|---|---|---|---|---|---|
| Balance | Balance | |||||
| b/fwd 1 January |
Income | Expenditure | Transfers | Revaluations | c/fwd 31 December |
|
| 2022 | 2022 | |||||
| 6 | 5 | |||||
| Unrestricted funds |
||||||
| General funds | 356,915 | 85,972 | (76,333) | (4,000) | (1,910) | 360,644 |
| Total unrestricted funds |
||||||
| Unrestricted funds |
||||||
| Routine maintenance | 26,426 | (26,426) | ||||
| Cyclical maintenance | (18,702) | 1,991 | (32,707) | 26,426 | (22,992) | |
| Extraordinary repair |
100,832 | (100,832) | ||||
| Total designated funds |
(322) | ~12 | 22 2 |
|||
| Restricted funds | ||||||
| Extraordinary repair |
(535) | ~142 | ||||
| Endowment funds |
||||||
| Repair fund | ||||||
| Total funds | 4~471 | QL953 | ||||
| Balance | Balance | |||||
| b/fwd 1 January |
Income | Expenditure | Transfers | Revaluations | c/fwd 31 December |
|
| 2021 | 2021 | |||||
| 6 | 6 | |||||
| Unrestricted funds |
||||||
| General funds | 329508 | 84 652 | 59888 | 2643 | 356915 | |
| Total unrestricted funds |
~2 | |||||
| Unrestricted funds |
||||||
| Routine maintenance | 26,426 | 26,426 | ||||
| Cyclical maintenance | (5,211) | (13,491) | (18,702) | |||
| Extraordinary repair |
99,242 | 1,590 | 100,832 | |||
| Total designated funds |
||||||
| Total funds | ~42 |