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|||||||
|---|---|---|---|---|---|
|Trustees|||Rev RPeet (Chairperson)|||
||||W A Longmuir|||
||||Mrs BSladen|||
||||Mrs A Beale|||
||||Mrs A Ongley|||
||||Councillor C Williams|||
||||Ms 8Tuis|||
|Clerk|||JCollier|||
|Registered|Charity Number||225510|||
|Regulator ofSocial Housing||Reference|A3564|||
|Registered|address||7The Hawthorns|||
||||Aylesford|||
||||Kent|||
||||ME20 7LJ|||
|Acoountants|||Beresfords|||
||||Chartered
Certified Accountants|||
||||1-2Rhodium|Point||
||||Spindle Close|||
||||Hawkinge,
Folkestone|||
||||Kent|||
||||CT187TQ|||
|Bankers|||National
Westminster||Bank Pic|
||||3 High Street|||
||||Maidstone|||
||||Kent|||
||||ME14 1XU|||
##
|||||Page|
|---|---|---|---|---|
|Trustees'|report|||1-2|
|Accountants'
Report|||||
|Statement|ofcomprehensive||income|4-5|
|Statement|offinancial|position|||
|Statement|ofchanges|in reserves|||
|Statement|ofcash flows||||
|Notes to the financial||statements||9-14|
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|||||||Notes||2022
e||2021f|
|---|---|---|---|---|---|---|---|---|---|---|
|Turnover|||||||||||
|Weekly maintenance||||contributions||||68,060||57,664|
|Insurance
claims received
Deferred grant income released||||||||1,451
8025||2,240
8,025|
|Less operating|expenditure:|||||||67,536||67,949|
|Direct Costs|||||||||||
|Water rates
Internet|||||||3,483||3,500||
|Insurance|||||||2,164||1,930||
|Heating
and lighting|||||||2,493||900||
||||||||289||309||
|Routine repairs and|||maintenance||||6,751||4,262||
|Cleaning
Water leak damage|||||||1,866
1,681||1,207||
|Gardening|||||||288||261||
|Fire protection
work|||||||326||176||
|Electrical works|||||||10,530||||
|Decoration|||||||1,430||||
|Communal
aerial|||||||2,150||||
|Showers|||||||||2,340||
|Skylights|||||||||106||
|Fire risk assessment|||||||500||||
|Tree surgery|||||||600||||
|Electrical surveys|||||||||2,700||
|Building
inspection
Roofing works||surveys|||||20,308||1,660
7,850||
|Depreciation|||||||16,298||16,298||
|||||||||71,046||~43,521|
|Gross (Deficit) I|Surplus|||||||(3,510)||24,426|
|Management
costs|||||||||||
|Clerk's fees|||||||5,250||5,000||
|Sundry oflice expenses|||||||283||627||
|Regulation fees|||||||300||100||
|Membership
fees|||||||311||217||
|Accountancy
Charitable
donations|||—other||||1,962
201||2,001||
|||||||||(8,307)||(7,945)|
|Operating
(deficit)||Isurplus|||carried forward|2||(11,817)||16,483|
|||||2022||2021|
|---|---|---|---|---|---|---|
|||||6|6|f|
|Operating
(deficit) Isurplus|brought|forward||(11,817)||16,483|
|Interest receivable and similar income|||||||
|NAACIF distributions
received|||682||1,042||
|NAACIF accumulated
income|received||12,624||12,558||
|Interest received|||471||6||
|||||13,677||13,606|
|Income from investments|||||||
|Profit on disposal of listed investments|||||||
|Interest and financing costs|||||||
|Interest payable|||||||
|Surplusltotal
comprehensive|income|for the year||2,160||30,089|
|||||||||||2022|||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Note|||2||||
|Fixed assets||||||||||||||
|Housing
properties|at depreciated|||cost||||||315,506|||331,804|
|Investments||||||||||292,296|||279,772|
|||||||||||607,802|||611,576|
|Current assets||||||||||||||
|Trade and other debtors|||||||6||2,926|||2,556||
|Cash and cash equivalents|||||||||143,172||145,363|||
||||||||||146,098||147,919|||
|Creditors: amounts|falling||due within|||||||||||
|one year|||||||7||(10,710)||(10,440)|||
|Net current assets||||||||||135,388|||137,479|
|Total assets less current|||liabilrties|||||||743,190|||749,055|
|Creditors: amounts|falling||due after||more|||||||||
|than one year||||||||||(152,491)|||(160,516)|
|Total net assets||||||||||590,699|||588,539|
|Reserves||||||||||||||
|Designated
funds||||||||||||||
|Cyclical maintenance|||reserve|||||||34,000|||34,000|
|Extraordinary
repair fund
Income and expenditure
reserve||||||||||83,262
473,437|||83,262
471,277|
|||||||||||590,699|||588,539|
|Th
ii
ii ii|i||PP||diyii|i|d ii|i|~t2|1l&$ d|ATM|ii|triiir|
##
|||Total|Cyclical|Extraordinary|Income|and|
|---|---|---|---|---|---|---|
||||maintence|repair fund|expenditure||
||||reserve||reserve||
||||8||8||
|Balance et 1 August 2020||558,450||83,262||441,188|
|Surplus
from statement|of||||||
|comprehensive
income||30,089||||30,089|
|Transfers from income and|||||||
|expenditure
reserve to other|||||||
|reserves|||||||
|Balance at 31 July 2021||588 531|34000|83262||471 277|
|Balance at 1 August 2021||588,539|34,000|83,262||471,277|
|Surplus from statement|of||||||
|comprehensive
income||2,160||||2,160|
|Transfers from income and|||||||
|expenditure
reserve to other|||||||
|reserves|||||||
|Balance at 31 July 2022||590699|34000|83262||473437|
##
||||2022|2021|
|---|---|---|---|---|
|||||9|
|Net cash generated
from|operating|activities (see note 9)|(3,644)|24,020|
|Cash flow from invest)ng|activities||||
|Proceeds from sale offixed|assets||||
|Interest receivable
and similar income|||1,453|1,048|
||||1.453|1,548|
|Cash flow from financing|activities||||
|Interest paid|||||
|Repayments
of borrowings|||||
|Net change in cash and cash equivalents
Cash and cash equivalents
at 1August 2021|||(2,191)
145,363|25,068
120,295|
|Cash and cash equivalents|at 31July 2022||143,172|145 383|
|Cash and cash equivalents|consist of:||||
|Cash at bank and in hand at 31 July 2022|||143,172|145,353|
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|Social housing|income and expenditure|income and expenditure|income and expenditure||2022|2021|
|---|---|---|---|---|---|---|
||||||8|5|
|Rents receivable|net|ofrent losses from voids|||58,060|57,684|
|Insurance
claims|||||1,451|2,240|
|Amortisation
of|capital grants||||8,025|8,025|
||||||67,536|67,949|
|Social housing|operating costs:||||||
|Direct costs|||||71,046|43,521|
|Management
costs|||||8,307|7,945|
||||||79,353|51,466|
|Operating
(deficit) I||surplus|on social housing|lettings|(11,817)|16,483|
|Memo only:|||||||
|Non social housing||activities|||13,977|13,606|
|Operating
surplus|||||2,160|30,089|
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|Operating|surplus|2022|2021|
|---|---|---|---|
|||8|8|
|Operating|surplus
is stated after charging:|||
|Depreciation
oftangible assets||16,298|16,298|
|And after|crediting:|||
|Amortisation
ofcapital grants||8,025|8,025|
|Tangible fixed assets|||||
|---|---|---|---|---|
||Development|Rooting|Boilers|Total|
||expenditure||||
|Cost orvaluation|||||
|At 1 August 2021|563,309|93,597|28,680|685,586|
|Additions|||||
|At 31 July 2022|563,309|93,597|28,680|685,586|
|Depreciation|||||
|At 1 August 2021|326,714|15,596|11,472|353,782|
|Charge for the year|11,266|3,120|1,912|16,298|
|At 31 July 2022|337,980|18,716|13,384|370,080|
|Net book value|||||
|At 31 July 2022|225,329|74,881|15,296|315,506|
|At 31 July 2021|236,595|78,001|17,208|331,804|
|5|Fixed Asset investments||
|---|---|---|
||Cost||
||At 1 August 2021|279,772|
||Additions|12,524|
||Disposals||
||At 31 July 2022|292,296|
|||Valuation|
|||((|
||At 31 July 2022|402,329|
||At 31 July 2021|398019|
##
|6|Debtors|||2022|2021|
|---|---|---|---|---|---|
|||||8|8|
||Prepayments
and accrued income|||2,926|2,556|
|||||2 026|2,556|
|7|Creditors: amounts
falling|due within one year||2022|2021|
|||||8|8|
||Trade creditors||||156|
||Other creditors and accruals|||2,685|2,259|
||Deferred grant income|||8,025|8,025|
|||||10,710|10,440|
|8|Creditors: amounts
falling|due after|more than one year|2022|2021|
|||||8|8|
||Deferred grant income|||152,491|160,516|
|||||152,401|160516|
|9|Cash flow ffom operating|activities||2022|2021|
|||||8|8|
||Surplus
for the year|||2,160|30,089|
||Adjustments
for non-cash
items:|||||
||Depreciation
oftangible fixed assets|||16,298|16,298|
||Amortisation
ofgrant|||(8,025)|(8,025)|
||Decrease/(increase)
in trade|and other|debtors|(370)|(240)|
||Increase/(decrease)
in trade|snd other|creditors|270|(496)|
||Adjustments
for investing
or|financing|activities:|||
||Proceeds from sale oftangible nxed assets|||||
||Interest payable
Interest receivable
and similar income|||~13.92
~3,044|~13,600
24.020|
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