2022-03-31-accounts - Lady Lumley's Almshouses

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		2022	2021
	Notes
TURNOVER		44,515	43,157
OPERATING COSTS		64 135	63276
OPERATING (DEFICIT)		(19,620)	(20,119)
NET SURPLUS/ (LOSSES)ON INVESTMENTS		67,293	97,698
INTEREST RECEIVABLE AND OTHER INCOME		46,074	44,078
INTEREST PAYABLE AND SIMILAR CHARGES		(5 461)	{7895)
SURPLUS/(DEFICIT) FOR THE YEAR

				2022	2021
		Notes
TANGIBLE FIXEDASSETS
Housing properties —depreciated	costs			1,019,290	1,046,527
investments				925,941	858,370
Other				310
				1,945,541	1,905,284
CURRENT ASSETS
Debtors		10	4,301		4,127
Cash at bank and in hand			62020		75 472
			66,321		79,599
CREDITORS: Amounts falling due
Within one year		11	~69009		66963
NET CURRENT ASSETS/ LIABILITIES				~2688	12636
TOTAL ASSETS LESSCURRENT
LIABILITIES				1,942,853	1,917,920
CREDITORS: Amounts falling due
after more than one year		12		~569043	~632 394
CAPITAL AND RESERVES
Revenue reserve		13		999,596	929,794
Designated reserve		13		52,353	52,353
Bequest accounts		13		194,081	194,081
Revaluation reserve		13		127,778	109,296
Restricted fund		13		2	2
				~1	~1

Particu	lar	turnove	r costo	1 o eratin	costs and	o eratin de	ficit
					2022			2021
									Operating
					Cost of	Operating	Operating		Surplus/
				Turnover	sales	costs	(deficit	Turnover	Deficit
Social	housing	lettings	(WMC)	44,259		50,348	(6,089)	42,921	(3,336)
Other	activities			256		13787	~13531	236	~16783
Total				~44		~64	~1	~41	~0

							General
							Needs	Supported			2021
							housing	housing	Other	Total	Total
Social housing lettings	(WMC) net				of
Identifiable service charges
							40,411			40,411	37,081
Service income							3,848			3,848	5,840
Gross social housing lettings (WMC)							44,259			44,259	42,921
Net social housing lettings (WMC)							44,259			44,259	42,921
Housing corporation		grants		for		major
repairs
Other Housing Corporation			revenue grants
Other revenue grants
Turnover from social
Housing letting							44,259			44,259	42,921
Management							9,981			9,981	9,484
Services							6,078			6,078	5,656
Routine maintenance							7,051			7,051	3,879
Planned maintenance
Major repairs expenditure
Bad debts
Property leasing charges
Depreciation ofhousing		properties
							27,238			27,238	27,238
Impairment ofhousing	properties
Other costs
Operating costs on social		housing			lettings
							50,348			50 348	46,257
Operating deficit on Social housing lettings	(WMC)						(6,089)			6,089)	3,336
										2022	2021
The above figures reflect			rent	losses due to voids as follows:-							8Z6

					2022	2021
2(c)	Particulars ofincome	and ex enditure	from other	activities
	Grant received				160	160
	Donations				96	76
					256	~2
	Management				12,302	14,688
	Routine maintenance				1,450	2,285
	Depreciation ofproperty				35	46
	Operating costs on other activities
	Operating (deficit) on other activities
3	1 ee information
	The average weekly	number ofpersons	employed	during the year was;
	Office staff
	Staff costs (for the above)
	Wages and salaries

					2022	2021
4	Interest receivable and similar	income
	Income from fixed assets and	investments			46,074	44,078
	Other interest receivable				4~
5	Interest a able and similar char es
	On bank loans, overdrafts and	other loans:
	Repayable wholly or partly	in more than five years
6	Sur lus/ Deficit on ordinar	activities before taxation
	Surplus/ (Deficit) on ordinary	activities	before taxation	is stated after
	charging:
	Depreciation:
	Tangible owned fixed assets
	Auditors' remuneration:
	In their capacity as auditors					~24
	For other services					~24

T~il q d 1
	Freehold
	housing
	Properties	Fixtures,
	held for	fittings	and	2022	2021
	letting	equipment		Total	Total
Cost or valuation
At beginning ofyear	1,196,885		18,643	1,215,528	1,215,528
Additions Disposals At end ofyear D~				~2	1 215528
At beginning ofyear	]50,356		18,255	168,611	]41,276
Charge for the year Disposals At end ofyear	27,238		77	27,315	27,335 ~1
Net book value
At 31 March 2022 At 31 March 2021				~14	~2

		2022		2021I
10	Debtors' Amounts falling due within one year
	Maintenance debtors
	Other debtors	4 301		4 127
		~4
11	Creditors: Amounts falling due within one year
	Loan repayable within one year (see note 12)	50,732		48,101
	Housing grant	12,620		12,620
	Other accruals and deferred income	5657		6242
12	Creditors: Amounts falling due after more than oneyear
	~H
	The housing grant is held in creditors and released over the useful	life ofthe structure	which	is estimated
	to be 50 years.
		2022		2021
	Repayable over one year:
	Between one and two years	12,620		12,620
	Between three and five years	37,860		37,860
	In five years or more	492 187		504 807

Loan:	Loan:
The loan has been secured with a fixed legal charge over the Association's		housing	properties.	The loan
is repayable	as follows:-
		2022		2021
Repayable	over one year:
Between	one and two years	26,376		50,731
Between	three and five years			26,376
ln five years or more
		26,376		77,107
Repayable	within one year (see note 11)	50732		48 101
				~12