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|finance c|osts.|||||
|---|---|---|---|---|---|
|||||2022|2021|
|Headline|social housing costper unit||||996|
|Cost per unit has increased by 53%due to an increase|||in day to day repairs of129%.|||
|||||2022|2021|
|Operating|Margin|%||(21+0|~0|
|||||2022|2021|
|||||8||
|Return on|Capital|Employed(ROCE)||ILO|QOD|
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##
##
|||Notes|2022|2021|
|---|---|---|---|---|
|TURNOVER|||22,488|21,728|
|OPERATING COSTS|||(23,029)|(21,533)|
|Operating
(deficit)/surplus|||(541)|195|
|Disposal ofinvestments||10|1,954|1,786|
|Interest receivable
and other income|||8,763|7,079|
|SURPLUS ON ORDINARY ACTIVITIES|||||
|BEFORETAXATION|||10,176|9,060|
|Tax on surplus
on ordhary|activities||||
|SURPLUS FORTHE YEAR|||||
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Surplus for the year|||||10,176|9,060|
|Unrealised
surplus/(deficit)|on investment
(note 10)||||(21,100)|21,776|
|Total surplus/(deficit)
recognised|||since last annual|report|||
|Note ofHistorical Cost Surpluses|||and Deficits||||
||||||2022|2021|
|Surplus on ordinary
activities before|||taxation||10,176|9,060|
|Realisation ofinvestment|revaluation||gains/(deficit)|in prior years|||
|Historical cost surplus on|ordinary|activities before and after taxation|||||
##
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##
||Notes||2022|2021|
|---|---|---|---|---|
|TANGIBLE FIKEDASSETS|||||
|Housing
Properties —cost less depreciation|||105,418|105,117|
|Site Improvements
—cost less depreciation|||105,379|85,861|
|Investtnents|ioa||43,979|49,766|
||||254 776|240 744|
|CURRENT ASSETS|||||
|Investments|lob||224,176|229,113|
|Debtors|11||3,189|10,701|
|Cash at bank
-Current|Account||40,592|30,466|
|-Deposit|Accounts||41475|41 075|
||||309,432|311,355|
|CREDITORS: Amounts|falling due||||
|within one year|12||17,593|9,972|
|NET CURRENT ASSETS|||291,839|301,383|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||~4||
|CREDITORS: Antounts|falling due after more||||
|than one year|13||173,092|157,680|
|CAPITAL AND RESERVES|||||
|Designated
reserves|15|55,600||54,080|
|Revaluation
reserve|16|83,807||104,907|
|Revenue reserve|17|215,989||209,741|
|General capital account|19|18,127||15,719|
|Restoration
work fund|18||||
||||373,523|384,447|
||||~41|~4|
##
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||SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION|SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION|SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION|||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||||||8|
||This is stated after charging:||||||||
||Examiners'
remuneration:||||||||
||in their capacity as examiners||(net ofVAT)|||1,887||1,733|
||in respect ofother services||||||||
||Depreciation|||||6,399||7,574|
||Amortisation
ofother capital grants|||||(999)||(855)|
||Amortisation
ofS.H.G.||||||||
||TANGIBLE FIXEDASSETS|||||Freehold||Total|
||||||Site|Housing||Fixed|
||||Improvements|||Property||Assets|
||||||g||g||
||COST OR VALUATION||||||||
||At 1 January 2022
Addinons||86,728
20,547|||235,147
5,671||321,875
26,218|
||Disposals|||||(1,972)||(1,972)|
||At 31December 2022||107||275|238846||346 121|
||DEPRECIATION||||||||
||At 1 January 2022
Charge for the year
Disposals|||867
1,029||130,030
5,370
(1,972)||130,897
6,399
(1,972)|
||At 31December 2022|||1|896|133428||135324|
||NET BOOK VALUE||||||||
||At 31December 2022||||||||
||At 31December 2021||||||||
||SOCIAL HOUSING GRANT|||||2022||2021|
||Total accumulated
housing grant at 31December 2022||||||||
||Recognised in statement ofcomprehensive
Held in deferred income|income||||70,910
74,310||69,642
76,308|
|1b.|INVESTMENTS||(a)
Fixed|||(b)
Current|||
||||Asset|||Asset|||
||||Investments|||Investments||Total|
|||||||g|||
||Market value at 1 January 2022||49,766|||229,113||278,879|
||Interest reinvested|||||5,741||5,741|
||Net invested|||||2,681||2,681|
||Gains/(Losses)||||||||
||Unrealised
Realised||(5,787)|||(15,313)
1,954||(21,100)
1,954|
||Market value at 31December 2022||43979|||224 176||268 155|
||Cost at 31December 2022|||||~1||~44|
||Cost at 31December 2021|||||~4|||
||Investment
at market value comprised||||||||
||UK Equities
UK Unit Trusts|||||68,301
155,875||68,301
155,875|
||COIF||43,979|||||43,979|
|||||||~24|||
##
##
|11.|DEBTORS||2022|2021|
|---|---|---|---|---|
||Arrears ofrent
Prepayments
and accrued|income|958
2,231|909
9,792|
|12.|CREDITORS: Amounts
within one year|falling due|2022|2021|
||Accruals and deferred income||14,558|6,668|
||Social housing
grant (note
Other capital grants (note|14a)
14b)|1,998
1,037|2,449
855|
|13.|CREDITORS: Amounts
after more than one year|faUing due|2022
f.|2021
8|
||Social housing grant (note
Other capital grants (note|14a)
14b)|72,312
100,780|73,859
83,821|
|14.|SOCIAL HOUSING AND OTHER CAPITAL GRANTS
(a)
Social Housing Grant||2022|2021|
||Grant
At 1 January 2022
Disposals||145,950
(730)|145,950|
||At 31 December 2022||~22||
||Amortisation||||
||At 1 January 2022
Released in year
Disposals||69,642
1,998
(730)|67,194
2,448|
||At 31December 2022||||
||Net total at 31December 2022||||
||Net total at 31December 2021||||
||||2022|2021|
||Amounts to be released within one year
Amounts
to be released in more than one year||1,998
72,312|2,449
73,859|
||||2441}||
##
##
##
|14.|SOCIAL HOUSING AND OTHER CAPITAL GRANTS (conti|nued)||
|---|---|---|---|
||(b)
Other Capital Grants|2022|2021|
||Grant|||
||At 1 January 2022
Additions|85,531
18,140|85,531|
||At 31December 2022|||
||Amortisation|||
||At 1 January 2022
Released in year|855
999|855|
||At 31 December 2022|||
||Net total at 31December 2022|||
||Net total at 31December 2021|||
|||2022|2021|
||Amounts
to be released within one year|1,037|855|
||Amounts
to be released in more than one year|100,780|83,821|
|15.|DESIGNATED RESERVES|||
||Reserve for Cyclical Maintenance|2022|2021|
||At 1 January 2022|15,130|14,610|
||Transfer &om revenue
reserve|520|520|
||Spend|||
||At 31December 2022|||
||Reserve for Extraordinary
Repairs|2022|2021|
|||f.||
||At 1 January 2022|38,950|37,950|
||Transfer &om revenue reserve|1,000|1,000|
||At 31December 2022|||
||Total designated
reserves at 31December 2022|||
|REVALUATION RESERVE|REVALUATION RESERVE|2022|2021|
|---|---|---|---|
|At
1 January 2022
Revaluation
during the year|(note 10)|104,907
(21,100)|83,131
21,776|
|Transfer (&om)/to designated|reserves|||
|At 31December 2022||||
##
##
##
|17.|REVENUE RESERVE||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||8|||
||At 1 January 2022
Surplus for the year
Transfer (1'rom)/to designated||reserves|||||209,741
10,175
~3927||203,398
9,060
~2717||
||At 31December 2022|||||||||||
|18.|RESTORATION WORK FUND||||||||2022||2021|
||||||||||8|||
||At 1 January 2022||||||||||5,000|
||Deficit for the year
Transfer fi'om/(to) revenue reserves||||||||(2,408)
2408|(6,197)
1197||
||At 31December 2022|||||||||||
||Restoration
works
relate|to|restoring|the walls|and|railings|around|the Almshouses.|The work|was|fully|
||completed
by 31December 2022.|||||||||||
|19.|GENERAL CAPITAL ACCOUNT||||||||2022||2021|
||At 1 January 2022
Ahnshouses
contribution|to restoration||work|||||15,719
2,408|14,522
1,197||
||At 31December 2022|||||||||||
##
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