2022-03-31-accounts

Contents
				Page
Registered	Social Housing Provider		Information
Report of the Trustees
Independent	Auditor's	Report
Statement	of Comprehensive Income
Statement	of Financial	Position
Notes to the Financial		Statements

Registered	Charity number		223691
Regulator ofSocial Housing		registration	A3911
number
Trustees of	the Charity		Cllr. Mr.S.Carter (Chair)
			Mr. R.J.Watson
			Mrs. D. Bentley Smith
			Mr. P. Tyrrell
			Mr. E. Hunter
			Cllr. Mrs A. I.		Harewood
Manager			Ms. F.Wilson
Registered	office		2 Sherwood	Road
			Macclesfield
			Cheshire
			SK11 7RR
Auditor			Harts Ltd
			Westminster		House
			10Westminster Rd
			Macclesfield
			Cheshire
			SK101BX
Solicitor			Wains Solicitors
			39 —43 Churchside
			Macclesfield
			Cheshire
			SK10 1HW
Bankers			Natwest Bank
			2 Chestergate
			Macclesfield
			Cheshire
			SK116BS

							2022	2021
							Cohtlhulhg	Continuing
							Opolhtl oh s	Opothtloho
							TOTAL	TOTAL
								6
						Note
Turnover						2	63,331	63,021
Administrative expenditure						2	(20,604)	(20,295)
Operating	surplus	/ (deficit)					42,727	42,726
Interest receivable		and similar income				4	138	260
Interest payable and similar charges Movement in fair value of financial instruments						4	(2003) 38	(3,341) 116
Surplus /	(deficit)	on ordinary	activities for the year before tax			5	40,900	39,761
Tax on surplus / (deficit) on ordinary					activities
Surplus /	(deficit)	for the year	after		tax		40,900	39,761
Total comprehensive income			for	the year			40,900	39,761

						2022	2021
					Nota	'2
Fixed assets
Tangible fixed assets						565,000	565,000
Improvements to property						27,969	33,451
						592,969	598,451
Current assets
Current asset investments						666	628
Debtors						15,704	15,945
Cash at bank and in		hand				341,508	308,836
						357,878	325,409
Creditors: amounts		falling		due within one year	10	(10,419)	(16,210)
Net current assets	/	(liabilities)				347,458	309,199
Total assets less current				liabilities		940,428	907,650
Creditors: amounts		falling		due after more than one year			(8122)
Total net assets I(liabilities)						940,428	899,528
Reserves
Income and expenditure			reserve		13	720,921	680,021
Endowment reserve					13	219,507	219,507
Total Reserves						940,428	899,528

							2022	2021
							Total	Total
Turnover
Rent receivable	net	of identifiable			service charges		63,331	63,021
Turnover from	social		housing		lettings		63,331	63,021
Administrative	expenditure
Manager's remuneration							5,447	5,647
Routine maintenance							3,203	3,738
Garden upkeep Electricity							1,582 360	1,927 315
Insurance							1,484	1,487
Auditors fee							2,310	2,310
Professional fees							132	134
Subscriptions							543	538
Print post and stationery Bad debts							61	1,112
Bad debts recovered								(2,472)
Depreciation of	property		improvements				5,482	5,482
Administrative	expenditure			on	social housing	lettings	20,604	20,295
Operating surplus		I(deficit)		on	social housing	lettings	42,727	42,726

3	Accommodation owned	Accommodation owned	Accommodation owned	Accommodation owned
								Number		of	Number of
								units at 1"April			units at 31"March
								2022			2021
	Completed	units:
	Housing	for older people								12	12
	Properties	managed	by agents
	None of the	properties		owned	by the RP are managed		by agents.
4	Interest and other finance income and charges
	a) Interest	receivable	and similar income
									2022		2021
										'Z	6
	Bank interest receivable									138	260
	b) Interest payable and			similar	charges
									2022		2021
										6	6
	Bank loans	and overdrafts								2,003	3,341
5	Surplus /(deficit) on		ordinary		activities
	Surplus / (deficit) on ordinary activities					is stated after charging		/ (crediting):
									2022		2021
										2	6
	Auditor's remuneration									2,310	2,310
	Depreciation	of tangible		fixed assets						5,482	5,482
										7,792	7,792

	Housing
	properties	PropertY	TOtal
	for ietting	Improvements
Cost:
At fn April 2021	565,000	54,816	619,816
Additions
At31"March 2022	565,000	54,816	619,816
Depreciation:
At 1u April 2021		21,365	21,365
Charge for year		5,482	5482
At 31"March 2022		26,847	26,847
Net book value:
At 31"March 2022	565,000	27,969	592969
At31"March 2021	565,000	33,451	598,451

The net book value of land and buildings	comprised:
		2022	2021
Land and buildings:
Freehold		592,969	598,451

8	Current asse	t i	n	ve	stments
						2022	2021
						2
	Other Investments		-	NAACIF Accumulation		Units 666	628
	NAACIF Accumulation				Units are measured	at their fair value at the balance sheet date.
9	Debtors: amounts			falling due within one		year
						2022	2021
						2
	Trade debtors					11,710	11,966
	Prepaym ents					840	8255
	The Fence Trust					3,154	3,154
						15,704	15,945
10	Creditors: amounts				falling due within one year
						2022	2021
						2	2
	Bank loans and	overdrafts				6,783	12,570
	Rents received	in advance				1,326	1,330
	Accruals and deferred				income	2,310	2,310
						10,419	16,210
11	Creditors: amounts				falling due after more	than one year
						2022	2021
						8	2
	Bank loans and	overdrafts					8,122

Reserves
							2022	2021
							6	2
Income & expenditure		reserve		brought	forward		680,021	640,260
Endowment	reserve brought		forward				219,507	219,507
Balance brought forward							899828	859,767
Income and	expenditure	surplus		I (deficit) at year end			40,900	39,761
Total reserves carried forward							940,428	899,528
Shown as
							2022	2021
								2
Income and	expenditure	reserve (unrestricted				reserve)	720,921	680,021
Endowment	reserve (restricted			reserve)			219,507	219,507
Balance carried forward							940,428	899,528