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