2021-12-31-accounts

		Page
Resident Social Housing Provider information
Trustees Report
Report ofthe Independent	Auditors
Statement ofComprehensive	Income
Balance Sheet
Statement ofChanges in Reserves		10
Statement ofCash Flows
Notes to the Financial Statements		12

ROB	ERTHIBBERT'S AL	MSHOUSE CHARITY	MSHOUSE CHARITY	MSHOUSE CHARITY	MSHOUSE CHARITY
RESIDENT	SOCIAL HOUSING	PROVIDER INFORMATION
	for the Year Ended 31December 2020
STATUS:	Unincorporated	charity governed by a Scheme dated 16August 1963
	sealed by order ofthe Charity Commission				for England XWales
	Charity registration		number 227358
	Regulator ofSocial		Housing registration	number A2567
TRUSTEES
CHAIRMAN:	Mrs M Bailey SRN
OTHER TRUSTEES:	Mrs C Nulty
	Mr RDaniells
	Mr A Colson
	Dr DRoberts
	Mrs JHoar
CLERK TO THE TRUSTEES:	Mrs SHarrison
REGISTERED OFFICE:	Conquest House
	248 Toddington	Road
	Luton
	Bedfordshire
	LU4'9DZ
AUDITORS:	Miller k Co
	5 Imperial Court
	Laporte Way
	Luton
	Bedfordshire
	LU4 8FE
BANKERS:	Metro Bank
	10 - 20 Castle Street
	Luton
	Bedfordshire
	LU1 3AJ
INVESTMKNT MANAGERS:	Mk G Investments
	PO Box9039
	Chelmsford
	Essex
	CM99 2XG

			2020	2019
		Note
Turnover			100,310	95,099
Operating expenditure			(104,239)	(102,385)
Gross (deficit) / surplus			(3,929)	(7,286)
Other income —insurance	claim			4,348
Operating (deficit) / surplus			(3,929)	(2,938)
Income f'rom fixed asset investments			19,462	19,271
Movement in fair value of
financial instrtunents			(~34 188	58,714
Total comprehensive income for the year			~18,655	75,047

				2020		2019
			Notes
FIXEDASSETS:
Freehold Housing Properties					179,252		209,127
Investments					489286		494 236
					668,538		703,263
CURRENT ASSETS:
Debtors				5,593		23,689
Cash at bank and in hand				52,088		35,207
				57,681		58,896
CREDITORS: Amounts		falling
due within one year				18,702		22,280
NET CURRENT ASSETS					38,979		36,616
CREDITORS: Amounts		falling
due after more than one year					68,532		82,239
TOTAL NET ASSETS					R638,985		1657,640
RESERVES:
Unrestricted funds:
Income and expenditure	reserve		ll	517,611		502,078
Fair value reserve			12	121,374		155,562
					638985		657,640
					6638985		6657,640

		Income and
		expenditure	Fair value
		reserve	reserve	Total
At 1 January 2019		479,807	102,786	582,593
Surplus for the year		75,047		75,047
Total comprehensive	income	554,854	102,786	657,640
Transfer to fair value	reserve	(52,776)	52,776
At 31December 2019and 1 January 2020		502,078	155,562	657,640
Deficit for the year		(18,655)		(18,655)
Total comprehensive	income	483,423	155,562	638,985
Transfer from fair value reserve		34,188	(34,188)
At 31December 2020		517,611	121,374	638,985

			Note	2020	2019
Net cash	flow from operating	activities	15	~26757	3,404
Net cash	flow from investing	activities
Dividends	received			19,462	19,271
Proceeds	from sale ofinvestments				20,000
Payments	to acquire investments			(29~3+8	~29,147
Net cash	flow from investing			~9,876)	10,124
Net increase in cash and cash		equivalents		16,881	6,720
Cash and	cash equivalents at	beginning ofthe year		35,207	28,487
Cash and	cash equivalents at	end ofthe year		~52 088	35,207

HOUSING LETTING	S
				2020	2019
Turnover
Contributions receivable	net	ofidentifiable service charges and voids		82,119	76,709
Service charge income				4,484	4,683
Amortised government	grants			13,707	13707
Turnover from social housing lettings				100,310	95,099
Administrative expenditure		(note 17)
Management costs				14,334	14,072
Service charge costs				14,480	13,599
Repairs and maintenance				44,350	43,789
Grants to tenants				1,200	1,050
Depreciation ofhousing	properties			2~9875	29,875
Administrative expenditure		on social housing	lettings	104439	102,385
Gross (deficit) / surplus	on social housing lettings			(3,929)	(7,286)
Void losses					615
All turnover and expenditure		is in respect ofhousing for older people.
TANGIBLE FIXEDASSETS
					Housing
					Property
					Improvements
Cost
At 1 January 2020 and 31December 2020					303,277
Depreciation
At 1 January 2020					94,150
Charge for year					29,875
At 31December 2020					124025
Net book value
At 31December 2020					179,252
At 31December 2019					209,127

INVESTMENTS
					Market
			Dividends	Cost	Value
National Association ofAlmshouses		Common
Investment Fund Accumulation	Units
-Extraordinary Repair Fund / M8cG Charity Multi Asset Fund
5,171 Balance brought forward				338,574	494,136
118 Additions in year				9,876	9,876
Sales in year
— Accumulated income			19,462	19,462	19,462
Change in market value					~34,188
5,289 Balance carried forward			19462	367,912	~489 86
At 31December 2020			19492	367,912	489286
At 31December 2019			19,271	338,574	494,136

DUE WITHI	N ONE YEAR
		2020	2019
Contribution	arrears	730	896
Other debtors		1,730	20,000
Prepayments		3,133	2,793
		5,593	23,689
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
		2020	2019
Contributions	paid in advance	1,610	1,266
Accrued expenses		3/85	7,307
Deferred income		13707	13,707
		18702	22,280

DUE AF	TER MORE THAN ONE YEAR
		2020	2019
		f.
Deferred	income	68 532	82,239
		68,532	82,239

FAIR VALUE RESERVE
			2020	2019
Brought forward			155,562	102,786
Transfer from / (to) income and	expenditure	reserve	~34 188	52,776
Carried forward			121,374	155562
Represented by:
Unrealised gain on Extraordinary	Repair Fund investments		121,374	155,562
			121,374	155,562

ASH FLOW FROM OPERA	TING	ACTIVI	TIES
						2020	2019
(Deficit) / surplus for the year						(18,655)	75,047
Amortised housing grant						(13,707)	(13,707)
Depreciation oftangible fixed assets						29,875	29,875
(Decrease) / Increase in creditors						(3,578)	3,382
Decrease / (Increase) in debtors						18,096	(20,016)
Dividends receivable						(19,462)	(19,271)
Movement in fair value offixed asset		investments				34,188	~58,734)
At 31December 2020						26,757	~3,404)
INANCIAL INSTRUMENTS
						2020	2019
						f.
The carrying amounts ofthe charity's		financial	instruments	are	as follows:
Financial assets
Measured at fair value through	the statement of		comprehensive		income:
-Fixed asset listed investments	(note	5)				489286	494,136
Debt instruments measured at amortised cost:
- Other debtors (note 6)						2,460	20,896
Financial liabilities
Measured at amortised cost:
- Other creditors (note 7)						4,995	8 573

PERATING COST	S
				2020	2019
Management costs
Property insurance				2,911	2,835
Subscriptions				633	330
Bank charges					153
Management charges				8,000	8,000
Auditors' remuneration				1,500	1,470
Auditors' remuneration		—non audit work		1,290	1,284
				14334	14,077
Service costs
Water rates				4,484	4,683
Council tax on empty	properties			499
Sundry expenses				1,728	1,360
Lighting ofcommon	areas			3,458	3,649
Warden's light and heat				1,198	1,065
Warden's telephone				1,280	1,251
Warden's council tax				616	375
Warden's water rates				217	216
Warden's Christmas	box			1,000	1,000
				14400	13,599
Day to day repairs and		maintenance
Repairs and servicing	to boilers			2,230	2,163
Plumbing repairs				2,704	1,861
Alarm monitoring				1,100	1,065
Warden call maintenance				1,718	1,667
Redecoration and refurbishment				24,274	28,416
Fire extinguisher servicing			and replacements	708	622
Electrical repairs				1,574	1,891
Gardening				1,630	1,318
General repairs				8,412	4,786
				44,350	43,789