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|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|
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|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|||
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|||||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.||||
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|||||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'|
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||||||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|||||
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|||||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|||||||
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|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)||
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|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|
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|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~||
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|---|---|---|---|---|
|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|
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