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|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|||
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|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|||
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||||||||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|
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|||||||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|
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||||||||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|
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|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|
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||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|
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|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|
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|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|
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