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|||||PAGE|
|---|---|---|---|---|
|Board Report|||||
|Independent|Auditor's|Report|||
|Statement of|Comprehensive
Income||||
|(Including
Income
&.||Expenditure|Account)||
|Balance Sheet|||||
|Statement of|Changes|in Reserves|||
|Notes to the|Financial|Statements||8 —12|
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|
forthe year ended 3|
1stDecember, 2020|g
|xpenure
|count)|
|---|---|---|---|---|
|||Note|2020|2019|
|Turnover|||32,615|31,121|
|Operating
Costs:|||||
|Management
Services|||(9,431)
(3,896)|(8,617)
(4,658)|
|Maintenance
Depreciation
including|loss on disposal||(2,194)|(1,396)
~4|
||||D~7E|QQ 9~18|
|Operating
Surplus|||13,037|10,203|
|Interest Receivable and|Other Income||356|707|
|Interest Payable and Similar Charges
Movement
on fair value of Investments|||(2,945)
Q3Q6|(3,137)
~7|
|Surplus/(Deficit)
on
before taxatlon|ordinary aclivities||10,112|8,310|
|Tax on surplus|||0||
|Surplus for the year||||~010|
|Total Comp&whensive|Income for the year|||~330|
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|
Forthe Year Ended|31st|December, 2020||||||
|---|---|---|---|---|---|---|---|
|||||2020||2019||
|FIXEDASSETS||||||||
|Housing
land and buildings||(net of depreciation)|9||444,005||448,062|
|Investments|||10||4 166|||
||||||448,121||452,564|
|CURRENT ASSETS||||||||
|Debtors
Cash at Bank||||1,640
~767||2,213
62 620||
|||||74,807||64,833||
|CURRENT LIABILITIES||||||||
|Creditors: Amounts|falling due within|||||||
|one year|||12|~12 668||||
|NET CURRENT ASSETS||||||||
|TOTAL ASSETS LESS||||||||
|CURRENT LIABILITIES|||||510MQ|||
|Creditors: Amounts
after one year|falling due||13||(156,850)||(162,157)|
|NET ASSETS|||||~8K|||
|CAPITAL AND RESERVES||||||||
|Revenue Reserve|||15||353,460||343,348|
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||The Charity employs
|no sta|ff.||||
|---|---|---|---|---|---|---|
|4.|TURNOVER||||2020f|2019
E|
||Rent||||26,785|25,556|
||Service Charge
Amortisation
of Government||Grants||4,804
~02|4,539
1026|
||||||~2|31 121|
|5.|INTEREST RECEIVABLE||AND|OTHER INCOME|2020|2019f|
||Bank Interest||||222|533|
||Investment
Income||||134|174|
|||||||2GZ|
|6.|INTEREST PAYABLE|AND|SIMILAR CHARGES||2020|2019|
|||||||E|
||Housing
Loan Interest||||||
|7.|SURPLUS ON ORDINARY
BEFORETAXATION||ACTIVITIES||2020f|2019|
||This is stated after charging;||||||
||Auditors
Remuneration|(including||VAT)|||
||in their capacity as Auditors||||||
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|9. FIXEDASSETS|||2020|2019|
|---|---|---|---|---|
|HOUSING
LAND AND BUILDINGS —Freehold|||||
|Cost|||||
|As at 31"December|2019||531,921|529,088|
|Additions
in year||||6,880|
|Disposals
in year||||(4,047)|
|As at 31"December|2020||$31 ')21|531921|
|Depreciation
As at 31"December|2019||83,860|81,660|
|Charged
in year|||4,056|6,247|
|Disposed
in year||||(4,047)|
|As at 31"December|2020||||
|Net BookValue|||||
|At beginning
of year|||||
|At end of year|||||
|Land with an estimated|cost off121,560 Is not depredated.||||
|10. INVESTMENTS|||2020
f.|2019f|
|Other Investments|||||
|At Valuation:|||||
|NAA Common
Investment||Fund|||
|As at 31"December|2019||4,502|3,966|
|Revaluation|||~3||
|As at 31"December|2020||||
|At Cost|||||
|Total|||||
|At beginning
ofyear|||4,502|3,966|
|At end ofyear|||||
|At Cost|||||
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|FORTHE YEAR ENDED 31|STDECEMBER, 2020|||
|---|---|---|---|
|il. Debtors||2020f|2019|
|Rent Arrears
Prepayments
and Accrued|Income|1,346
~24|300
1913|
|12.CREDITORS: Amounts
within one year|falling due|2020f|2019|
|Trade Creditors||4,486|4,527|
|Rent Prepayments||1,272|632|
|Housing
Loans||4,282|4,079|
|Accruals||1,602|1,628|
|Government
Grants||1026|1026|
|13.CREDITORS: Amounts
falling due
after more than one year||2020|2019f|
|Government
Grants
Housing
Loans||105,?20
~0|106,746|
|14.SECURED LIABILITIES||||
|||2020f|2019f|
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|The housing
loan falling due after more than|one year falls due as follow|s:-|
|---|---|---|
||2020f|2019
f.|
|~n one and two years|4,493|4,282|
|Between two and five years|14,859|14,158|
|After more than five years|ZZZZ|3M21|
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|.REVENUE RESERVES|2020|2019f|
|---|---|---|
|Brought forward
Surplus for the year
At 31"December 2020|343,348
LK11Z
~9K|335,038
4319
R&95|
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|uded
within the Revenue
Reserves are amounts
or
stments
in current and earlier years as follows:|iginally
from the revaluation
of|
|---|---|
||Totalf|
|At 1"3anuary 2020|4,502|
|Investment
Revaluation|(336)|
|At 31"December 2020||
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