| PAGE | |||
|---|---|---|---|
| Board Report | |||
| Independent Auditor's |
Report | 2-4 | |
| Statement of Comprehensive Income |
|||
| (Including Income 5 |
Expenditure | Account) | |
| Balance Sheet | |||
| Statement ofChanges | in Reserves | ||
| Notes to the Financial | Statements | 8-12 |
forthe year ende |
d |
31stDecember, 2021 |
||||
|---|---|---|---|---|---|---|
| Note | 2021 | 2020 | ||||
| Turnover | 31,966 | 32,615 | ||||
| Operating Costs: |
||||||
| Management | (9,337) | (9,431) | ||||
| Services | (3,911) | (3,896) | ||||
| Maintenance | (2,229) | (2,194) | ||||
| Depreciation induding |
loss on disposal | ~4057 | L55057 | |||
| ~1 | 53~4 | 19578 | ||||
| Operating Surplus |
12,432 | 13,037 | ||||
| Interest Receivable | and | Other Income | 132 | 356 | ||
| Interest Payable and Similar Charges Movement on fair value ofInvestments |
(2,742) ~37 |
(2,945) ~335 |
||||
| Surplus/(Deficit) before taxation |
on | ordinary activities | 107197 | 10,112 | ||
| Tax on surplus | ||||||
| Surplus forthe year | 1~~2 | |||||
| Total Comprehensive | Income for the year | 10 | 1.07 | 10112 |
| Forthe Year Ended | 31st | December, 2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| FIXEDASSETS | ||||||
| Housing land and buildings |
(net of depreciation) | 9 | 439,948 | 444,005 | ||
| Investments | 10 | 4 641 | 4 166 | |||
| 444,489 | 448,171 | |||||
| CURRENT ASSETS | ||||||
| Debtors Cash at Bank |
~82 | 907 29 |
1,640 ~731 7 |
|||
| 83,836 | 74,807 | |||||
| CURRENT LIABILITIES | ||||||
| Creditors: Amounts | falling due within | |||||
| one year | 12 | ~13339 | ~12 668 | |||
| NET CURRENT ASSETS | ?0497 | 62 139 | ||||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 514~~ | |||||
| Creditors: Amounts | falling due | |||||
| after one year | 13 | (151,329) | (156,850) | |||
| NET ASSETS | ||||||
| CAPITAL AND RESERVES | ||||||
| Revenue Reserve |
15 | 363,657 | 353,460 |
| Note | Revenue | Revaluation | Total | |
|---|---|---|---|---|
| Reserve | Reserve | |||
| At 13anuary 2020 | 343348 | 343348 | ||
| Total Comprehensive Income for 2020 At 31December 2020 |
10„112 ~534gl |
10 112 353460 |
||
| Total Comprehensive Income for 2021 At 31December 2021 |
10197 $ 657 |
10 197 +63667 |
| The Charity employs |
no sta | ff. | |||
|---|---|---|---|---|---|
| 4.TURNOVER | 2021f | 2020f | |||
| Rent | 26,761 | 26,7B5 | |||
| Service Charge | 4,179 | 4,804 | |||
| Amortisation ofGovernment |
Grants | 1026 | 1 026 | ||
| 31 966 | 32615 | ||||
| 5. INTEREST RECEIVABLE | AND | OTHER INCOME | 2021f | 2020f | |
| Bank Interest | 13 | 222 | |||
| Investment Income |
~11 | 134 | |||
| 232 | |||||
| 6.INTEREST PAYABLE | AND | SIMILAR CHARGES | 2021 | 2020 | |
| Housing Loan Interest |
|||||
| A SURPLUS ON ORDINARY | ACTIVITIES | 2021 | 2020 | ||
| BEFORETAXATION | |||||
| This is stated after charging: | |||||
| Auditors Remuneration |
(including | VAT) | |||
| in their capacity as Auditors |
| 9. FIXEDASSETS | 2021f | 2020 E |
||
|---|---|---|---|---|
| HOUSING LAND AND BUILDINGS —Freehold |
||||
| Cost | ||||
| As at31"December 2020 | 531,921 | 531,921. | ||
| Additions in year |
||||
| Disposais in year |
||||
| As at 31"December 2021 | 531921 | 5~~I. | ||
| Depreciation | ||||
| As at 31 December | 2020 | 87,916 | 83,860 | |
| Charged ln year |
4,057 | 4,056 | ||
| Disposed in year |
||||
| As at 31"December | 2021 | |||
| Net BookValue | ||||
| At beginning of year |
9~I5 | 996961 | ||
| At end of year | %98% | |||
| Land with an estimated | cost ofEl21,560 is not depreciated. | |||
| 10. INVESTMENTS | 2021 | 2020 | ||
| E | ||||
| Other Investments | ||||
| At Yaluation: | ||||
| NAA Common Investment |
Fund | |||
| As at 31"December 2020 Revaluation |
4,166 ~7 |
4,502 ~336 |
||
| As at 31 December 2021 |
||||
| At Cost | ||||
| Total | ||||
| At beginning ofyear At end of year |
4„166 | 4,502 | ||
| At Cost |
| FOR THE YEAR ENDED 31 | STDECEMBER, 2 | 021 | ||||
|---|---|---|---|---|---|---|
| 11.Debtors | 2021f | 2020 | ||||
| Rent Arrears | 500 | 1,346 | ||||
| Prepayments and Accrued |
Income | 407 | 294 | |||
| 12.CREDITORS: Amounts within one year |
falling due | 2021f | 2020 | |||
| Trade Creditors | 4,142 | 4,486 | ||||
| Rent Prepayments | 1,999 | 1,272 | ||||
| Housing Loans |
4,'l94 | 4,282 | ||||
| Accruals | 1,678 | 1,602 | ||||
| Government Grants |
2026 | 2 026 | ||||
| 1,3.CREDITORS: Amounts falling due after more than one year |
2021f | 2020f | ||||
| Government Grants Housing Loans |
104,693 | 105,720 ~1 |
||||
| 14.SECURED LIABILITIES | ||||||
| 2020f | ||||||
| Housing Loans |
||||||
| The housing loan is secured by a legal charge Repayable by 31"March 2031, by instalrnents |
on the freehold property. at a rate of0.45% above |
It is base |
rate. | |||
| The housing loan falling due after more than |
one year falls due as follows:- | |||||
| 2021f | 2020f | |||||
| Between one and two years | 4,716 | 4 493 | ||||
| Between two and five years | 15,595 | 14,859 | ||||
| After more than five years | 26 325 | 31777 |
| NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STDECEMBER, |
2021 | |
|---|---|---|
| 15.REVENUE RESERVES | 2021 | 2020 |
| E | E | |
| Brought forward Surplus for the year At 31"December 2021 |
353,460 ~101 7 |
343,348 10112 353~9 |
| Total | |
|---|---|
| At 1~ january 2021 Investment Revaluation |
4,166 375 |
| At 31"December 2021 |