2021-12-31-accounts

Contents				Page
Charity Information				1
Trustees'	Report			2-5
Report of	the Auditor			6-9
Statement	ofComprehensive		Income	10
Statement	ofChanges	in Reserves and Equity		11
Statement	of Financial	Position		12
Statement	ofCash Flows			13
Notes to the Financial		Statements		14-18

Chairman		Mr J Collard
Elected Trustees		Mr J Boyd
		Mr J Collard
		Mrs S Flew
		Mrs M Harris
		Mrs S-J Holden
		Mrs C Probert
		Mr SWilliams
Clerk		Mr C Larkman
Principal	Office	25 Bronson Road
		London
		SW20 8DZ
Bankers		CAF Bank Ltd
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
Investment	Managers	CCLA Investment	Management	Limited
		80 Cheapside
		London
		EC2V 6DZ
Auditors		Jacob Cavenagh	8 Skeet
		5 Robin Hood Lane
		Sutton
		Surrey
		SM1 2SW

				2021	2020
			Note
Turnover				44,324	42,479
Operating expenditure
Direct property management	costs			29,750	43,943
Administrative expenses				11681	11 296
				41 431	55 239
Operating surplus/(deficit)				2,893	(12,760)
Income from fixed asset investments Release ofSocial Housing Grant Realised gains on investments				1 5,427	5,514 5,427 8,840
Movement in fair value of investments				26 180	9281
Surplus for the year					~1:3Q2
All income relates to continuing		activities.

				Permanent
			Unrestricted	Endowment
			Funds	Fund	Total
			E
Total comprehensive		income for the year	20,529	13,972	34,501
Funds brought	forward	as at 1 January 2021	340 461	204 661	545 142
Funds carried	forward at 31 December 2021		~360 0	~2~	~1'

					2021	2021		2020
				Note
FIXEDASSETS
Tangible assets						609,986		624,339
Investments						320613		294433
						930,599		918,772
CURRENT ASSETS
Debtors					1,024		996
Cash at bank					29 287		10146
					30,311		11,142
CREDITORS: Amounts		falling due
within one year				( 6809)			( 4 887)
NET CURRENT ASSETS						23 502			6255
TOTAL ASSETS LESSCURRENT			LIABILITIES			954,101		925,027
CREDITORS: Amounts		falling due
after more than one year						(374 458)		{379885)
NET ASSETS						~79 43		4	142
RESERVES AND EQUITY
Permanent endowment		fund		9		218,653		204,681
Unrestricted funds				10		360990		340461
						5Zq~4		545 142
Appr	ved	by the T	tees	and signed on	their behalf	by:
					C Probert
					Trustee

				2021		2020
CASH GENERATED FROM OPERATING ACTIVITIES (see below)				19,140		4,886
Cash flows from investing activities
Interest received Payments to acquire fixed assets Payments to acquire fixed asset investments Proceeds from disposal of investments					5,514 ( 25,805) (241,933) 256 933
Cash provided by investing activities					(	5291)
Net change in cash and cash equivalents				19,141	(	405)
Cash and cash equivalents at 1 January 2021				10146		10551
Cash and cash equivalents at 31 December		2021		~2:&~7	~114
CASH GENERATED FROM OPERATING ACTIVITIES
Net income				34,501		16,302
Interest received shown in investing activities Depreciation Release ofSocial Housing Grant Unrealised (gain) on revaluation of investment Realised (gain) on revaluation of investment Decrease/(increase) in debtors Increase/(Decrease) in creditors	assets assets		( 1) 14,353 ( 5,427) (26,180) ( 28) 1 922		( ( ( (	5,514) 14,353 5,427) 9,281) 8,840) 1,944 1 349
Cash generated from operating activities

PARTICULARS OF TURNOVER AND	PARTICULARS OF TURNOVER AND	PARTICULARS OF TURNOVER AND	OPERATING COSTS	2021		2020
Turnover from lettings
Maintenance contributions Maintenance contribution	receivable losses arising		from voids	44,324	(	43,279 800)
				44 324	42 479
Direct property management		costs
Repairs and maintenance				5,820		19,698
(excluding capitalised items		as detailed	in note 3 below)
Management fees Water and electricity Insurance Depreciation				6,048 2,304 1,225 14353	6,048 2,657 1,187 14353
				29 750	43 943
Administrative expenses
Audit Accountancy Clerk's fees Legal and professional				1,682 1,428 6,375 1,380		1,608 1,368 6,000 1,807
Quinquenial report
Other costs				816		513
				11 661	11 296
Operating surplus/(deficit)				2 Q93,	(1275Q)

TANGIBLE FIXEDASSETS
		Freehold housing
		properties
Cost
As at 1 January 2021		808,434
Additions
As at 31 December 2021		8	434
Depreciation
As at 1 January 2021 Charge for the year		184,095 14353
As at 31 December 2021		~1I~44
Net book value
As at 31 December 2021
As at 31 December 2020
Works to property expenditure			2021	2020
Revenue maintenance costs Capitalised expenditure			5,820	19,698 25 805
Total expenditure on works to property		~2Q		4~503
Items are capitalised when they result	in the enhancement	ofthe economic benefit ofthe property.
INVESTMENTS
Market value
As at 1 January 2021				294,433
Additions at cost
Movement in market value				26 180
As at 31 December 2021				329~13
Historic cost
As at 31 December 2021				~2~4
As at 31 December 2020				2!MI!~4

5	TRADE AND OTHER DEBTORS	TRADE AND OTHER DEBTORS				2021		2020
	Prepayments					883		861
	Accrued income					141		135
						~12		996
6	CASH AND CASH EQUIVALENTS					2021		2020
	Current accounts					~2~27
7	CREDITORS: Amounts falling	due within		one year		2021		2020
	Sundry creditors and accruals
8	CREDITORS: Amounts falling	due after more than one year				2021		2020
	Deferred income					374458		379~!j
	Deferred income: Social Housing		Grants
	Original Social Housing Grant Grant released in previous periods As at 1 January 2021 Release of grant in the year As at 31 December 2021						542,693 (162808) 379,885 ( 5427) ~74~
9	PERMANENT ENDOWMENT	FUND			Original	Subsequent
					endowment	gains		Total
	As at 1 January 2021 Realised gain on endowment	investments		during the year	120,955	83,726	204,681
	Unrealised gain on endowment As at 31 December 2021	investments		during the year	12~955	13972 BM798	13972 218~

UNRESTRICTED FUNDS				Total
As at 1 January 2021 Surplus for the year Unrealised gain on revalued As at 31 December 2021	investments	during	the year	340,461 8,321 12208