2021-03-31-accounts

Contents
				Page
Registered	Social Housing Provider		Information
Report ofthe Trustees
Independent	Auditor's	Report
Statement	ofComprehensive income
Statement	of Financial	Position		10
Notes to the Financial		Statements

STA	TE	MENT	OF COMPR	EH	E	NSIUE INCOME (Including Inc	ome and	Expenditure	Account)
								2021	2020
								Continuing	Continuing
								Operations	Operations
								TOTAL	TOTAL
								6	6
							Note
Turnover							2	63,021	61,792
Administrative expenditure							2	(20,295)	(20,579)
Operating		surplus	/ (deficit)					42,726	41,213
Interest	receivable		and similar	income			4	260	1,217
Interest	payable and similar charges						4	(3,341)	(4,550)
Movement		in fair value offinancial			instruments			116	(111)
Surplus	/	(deficit)	on ordinary	activities forthe year before tax			5	39,761	37,769
Tax on	surplus / (deficit) on ordinary					activities
Surplus	/	(deficit)	for the year	after		tax		39,761	37,769
Total comprehensive income				for	the year			39,761	37,769

			2021	2020
		Note	F	6
Fixed assets
Tangible fixed assets			565,000	565,000
Improvements to property			33,451	38,933
			598,451	603,933
Current assets
Current asset investments			628	512
Debtors			15,945	18,919
Cash at bank and in	hand		308,836	270,148
			325,409	289,579
Creditors: amounts	falling due within one year	10	(16,210)	(14,997)
Net current assets'	(liabilities)		309,199	274,582
Total assets less current liabilities			907,650	878,515
Debtors: amounts falling due after more than one year				3,154
Creditors: amounts	falling due after more than one year		(8,122)	(21,902)
Total net assets I(liabilities)			899,528	859,767
Reserves
Income and expenditure reserve		14	680,021	640,260
Endowment reserve		14	219,507	219,507
Total Reserves			899,528	859,767

iculars ofturnover and	adm	inis	trative expendit	ure from social	housing lettings
					2021	2020
					Total	Total
Turnover
Rent receivable net of identifiable			seance charges		63,021	61,792
Turnover from social housing			lettings		63,021	61,792
Administrative expenditure
Manager's remuneration Routine maintenance Garden upkeep Electricity					5,647 3,738 1,927 315	5,217 3,487 1,122 359
Insurance Council tax 8 water rates					1,487	1,592
Auditors fee Professional fees					2,310 134	2,310 116
Subscriptions					538	542
Training						189
Print post and stationery						163
Bad debts Bad debts recovered Depreciation of property	improvements				1,112 (2,472) 5,482	5,482
Administrative expenditure		on	social housing	lettings	20,295	20,579
Operating surplus /(deficit)		on	social housing	lettings	42,726	41,213
Void losses						609

3	Accommodation owned	Accommodation owned
							Number	of		Number of
							units at 1"April			units at 31"March
							2021			2020
	Completed units:
	Housing for older people								12	12
	Properties managed	by agents
	None ofthe properties	owned		by the RP are managed		by agents.
4	Interest and other finance income and charges
	a) Interest receivable and similar income
							2021			2020
								E		E
	Bank interest receivable								260	1,217
	b) Interest payable and	similar		charges
							2021			2020
								E		E
	Bank loans and overdrafts							3,341		4,550
5	Surplus / (deficit) on ordinary			activities
	Surplus / (deficit) on ordinary		activities		is stated after charging		/ (crediting):
							2021			2020
								E		E
	Auditods remuneration							2,310		2,310
	Depreciation oftangible	fixed assets						5,482		5,482
								7,792		7,792
6	Board ofTrustees remuneration

	Housing
	properties	Property	Total
	for letting	Improvements
Cost:
At 1u April 2020	565,000	54,816	619,816
Additions
At 31"March 2021	565,000	54,816	619,816
Depreciation:
At 1"April 2020		15,883	15,883
Charge for year		5,482	5,482
At 31"March 2021		21,365	21,365
Net book value:
At 31"March 2021	565,000	33,451	598,451
At 31"March 2020	565,000	38,933	603,933

The net book value of land and buildings	comprised:
		2021	2020
		6	F
Land and buildings:
Freehold		598,451	603,933

8	Current asset investments	Current asset investments	Current asset investments	Current asset investments	Current asset investments
							2021	2020
							6
	Other Investments		—NAACIF Accumulation				Units 628	512
	NAACIF Accumulation				Units are measured		at their fair value at the balance sheet date.
9	Debtors: amounts		falling due within			one	year
							2021	2020
							6	6
	Trade debtors						11,966	8,064
	Prepayments						825	855
	The Fence Trust						3,154	10,000
							15,945	18,919
10	Creditors: amounts				falling due within one year
							2021f	2020 6
	Bank loans and	overdrafts					12,570	11,361
	Rents received	in advance					1,330	1,326
	Accruals and deferred				income		2,310	2,310
							16,210	14,997
11	Debtors: amounts		falling due after more than one year
							2021	2020
								6
	The Fence Trust							3,154
12	Creditors: amounts			falling due after more			than one year
							2021	2020
							6
	Bank loans and	overdrafts					8,122	21,902

As at the 3 Reserves	1st March 2	021 th	er	e were	no cont	ingent liabilities.
							2021 F	2020f
Income 8 expenditure		reserve brought			forward		640,260	602,491
Endowment	reserve brought		forward				219,507	219,507
Balance brought forward							859,767	821,998
Income and	expenditure	surplus		I(deficit) at year end			39,761	37,769
Total reserves carried forward							899,528	859,767
Shown as
							2021	2020
							F	6
income and	expenditure	reserve (unrestricted				reserve)	680,021	640,260
Endowment	reserve (restncted			reserve)			219,507	219,507
Balance carried forward							899,528	859,767