2022-09-30-accounts

Company Information
Chairmans' Report					2 to 6
Independent Examiner's	Report
Consolidated Statement	ofComprehensive		Income
Statement ofFinancial	Position
Statement ofChanges	in Reserves					10
Notes to the Unaudited	Financial	Statements			11 to	I 8
Detailed Consolidated	Statement	ofComprehensive		Income	19to	20

					2022	2021
				Note
turnover					226,770	220,366
Operating expenditure					(196,837)	(177,859)
Gross surplus					29,933	42,507
Administrative	expenses				(115)	(72)
Other operating	income				162,862	4,150
Operating surplus					192,680	46,585
Other interest receivable		and similar	income		50	25
Interest payable	and similar charges				(6,166)	(6,083)
					(6,116)	(6,058)
Surplus before	tax				186,564	40,527
Surplus for the	financial	year			186,564	40,527

							2022	2021
						Note
fixed assets
tangible assets							657,077	602,293
Current assets
Debtors							7,864	3,944
Cash and cash equivalents							197,279	115,601
							205,143	119,545
Creditors:	Amounts	falling		due within	one year		(12,378)	(20,546)
Net current	assets						192,765	98,999
Total assets less current			liabilities				849,842	701,292
Credltoi s:	Amounts	falling		due alter	more than one year		(89,113)	(127,127)
Net assets							760,729	574,165
capital and	reserves
Income and	expenditure		reserve				760,729	574,165
Total reseives							760,729	574,165

		Retained
		earnings	Total
At	I October 2021	574,165	574,165
Surplus for the year		186,564	186,564
At	30September 2022	760,729	760,729
		Retained
		earnings	Total
At	1 October 2020	533,638	533,638
Surplus for the year		40,527	40,527
At	30September 2021	574,165	574,165

			2022		2021
Depreciation expense			13,028		10,818
5 Tangible assets
			Furniture,
		Land and	fittings	and
		buildings	equipment		Total
Cost
At I October 2021		602,117		57,549	659,666
Additions		64,925		2,886	67,811
Disposals				(2,982)	(2,982)
At 30 September	2022	667,042		57,453	724,495
Depreciation
At I October 2021		30,072		27,301	57,373
Charge for the year		6,652		6,376	13,028
Eliminated on disposal				(2,983)	(2,983)
At 30 September	2022	36,724		30,694	67,418
Carrying amount
At 30 September	2022	630,318		26,759	657,077
At 30 September	2021	572,045		30,248	602,293

6 Debtors
	2022	2021
Current
Prepayments	3,870	2,947
Other debtors	3,994	997

Creditors: amounts	falling due within one year
			2022	2021
		Note
Due within one year
Loans and borrowings			5,941	14,342
Accruals and deferred	income		1,261	1,172
Other creditors			5,176	5,032
			12,378	20,546
Creditors: amounts	falling due after more than one year
			2022	2021
		Note
Due after one year
Loans and borrowings			89,113	127,127
S Loans and borrowings
			2022	2021
Non-current loans and borrowings
Bank borrowings			89,113	127,127
			2022	2021
Current loans and borrowings
Bank borrowings			5,941	14,342

Metric 1:	Reinvestm		ent %
							2022		2021
Development	ofnew		properties
Newly built	properties		acquired
Works to existing properties							64,925		4,839
Capitalised	interest
Schemes completed
							64,925		4,839
Tangible fixed assets			housing	properties	at	cost	667,042		602,117
Tangible fixed assets			housing	properties	at	valuation
							667,042		602,117
Metric %							9.73%		0.8%
Metric 2a:	New Supply (Social Housing					Units) %
							2022		2021
Total social	units developed			or acquired	in	year
Social leasehold units
Total social	housing	units owned						15	15
Social leasehold units			owned
								15	15
Metric %

Metric 2b: New Supply (Non-Social Housing Units	) %
		2022		2021
Total non-social rental housing units owned (acquired	in year)
Non-social leaehold units owned (acquired in year)
New outright sale units (developed or acquired)
Total social housing units owned (period end)			15		15
Total non-social rental housing units owned (period end)
Social leasehold units owned (period end)
Non-social leasehold units owned (period end)
			15		15

Metric 3	:Gearing %
				2022	2021
Short-term	loans			5,941	14,342
Long-term	loans			89,113	127,127
Cash and	cash equivalents			(197,279)	(115,601)
Amounts	owed to group undertakings
Finance lease obligations
				(102,225)	25,868
Tangible	fixed assets housing	properties	at cost	667,042	602,117
Tangible	fixed assets housing	properties	at valuation
				667,042	602,117
Metric %				(15.33)%	4.3%

								2022		2021
Operating surplus/(deficit) overall								192,680		46,585
Gain/(loss) on disposal offixed assets				(housing		properties)
Amortised government grants
Government grants taken to		income								(2,159)
Interest receivable								(50)		(25)
Capitalised major repairs expenditure				for period
Total depreciation charge for period								13,028		10,818
								205,658		55,219
Interest capitalised
Interest payable and	financing costs							6,281		6,155
								6,281		6,155
Metric %								32.74%		8.97%
Metric 5:Headline	Social	Housing		Costf
								2022		2021
Management costs								10,035		10,128
Service charge costs								100,484		84,923
Routine maintenance	costs							10,523		8,141
Planned maintenance	costs							2,572		2,823
Major repairs expenditure								3,241		2,452
Lease costs
Capitalised major repairs expenditure				for period
Other (social housing	letting)	costs						36,667		45,542
Charges for support	services								300	300
Development services
Community/neighbourhood		services
Other social housing	activities: Other
								163,821		154,310
Total social housing period end	units owned		and/or		managed		at		15	15
									15	15
Metric K								10,921		10,287

							2022	2021
Operating Surplus/(deficit)		(social	housing	lettings)			192,680	46,585
Turnover fiom social housing lettings							226,770	220,366
Metric %							84.97%	21.14%
Metric 6b: Operating	Margin (Overall)			%
							2022	2021
Operating surplus/(deficit)		overall					192,680	46,585
Gain/(loss) on disposal	of	fixed assets (housing			properties)
							192,680	46,585
Turnover (overall)							226,770	220,366
Metric %							84.97%	21.14%
Metric 7:Return on Capital Employed				%
							2022	2021
Operating surplus/(deficit)		overall					192,680	46,585
Share ofoperating surplus/(deficit)			injoint	ventures		or
associates
							192,680	46,585
Total assets less current	liabilities						849,842	701,292
Metric %							22.67%	664'/

					2022	2021
turnover
Rent Income (100'lo Capacity)					257,520	234,240
Losses from vacancies		and absences			(30,750)	(13,874)
					226,770	220,366
Cost ofsales
Food and Other Household				Costs	(26,673)	(24,687)
Housekeepers	and Ancillary			Staff Wages	(73,811)	(60,236)
Admin Wages					(10,034)	(10,129)
Travel 1ing						(27)
Staff pensions					(775)	(323)
Accountancy					(2,235)	(1,882)
Subscriptions					(537)	(546)
Staff training					(1,164)	(310)
Printing, Postage and Stationery					(286)	(642)
Computer Requisites					(875)	(723)
Advertising					(380)	(678)
Telephone					(1,671)	(1,685)
Residents gifts	and functions				(73)	(148)
Gardening					(3,474)	(3,823)
Cleaning					(7,086)	(6,537)
Rates					(4,433)	(4,592)
Water rates					(2,493)	(3,439)
Light, heat and	power				(17,449)	(11,610)
Insurance					(5,771)	(4,859)
TV Licence					(635)	(629)
Legal and Professional		Fees			(7,062)	(7,377)
Repairs and Maintenance					(16,892)	(20,792)
Protective Clothing						(1,367)
Amortisation offreehold Depreciation offixtures			property k fittings		(6,652) (5,854)	(5,029) (5,268)
Depreciation ofoffice		equipment			(522)	(521)
					(196,837)	(177,859)
Net rent surplus					29,933	42,507

				2022	2021
Net rent surplus		b/f		29,933	42,507
Other operating		income
Bank interest	receivable			50	25
Donations				162,862	1,991
Government	grants		—JRS		2,159
				162,912	4,175
Finance charges
Bank charges				(115)	(72)
Finance costs				(6,166)	(6,083)
				(6,281)	(6,155)
NetSurplus				186,564	40,527