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|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|
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||||||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|
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||||||||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|
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|||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|
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||||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|
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|6
Debtors|||
|---|---|---|
||2022|2021|
|Current|||
|Prepayments|3,870|2,947|
|Other debtors|3,994|997|
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|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|
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|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 %||||||||||
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|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%|
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|||||||||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|
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||||||||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'/|
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||||||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|
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|||||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|