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|---|---|---|---|
|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|
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|
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|
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|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|
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||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|
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|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||||||
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|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||
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|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||
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