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2023-09-30-accounts

Company
Information
Chairmans'
Report
2 to 5
Independent
Examiner's		 Report
Consolidated
Statement		 ofComprehensive Income
Statement ofFinancial Position
Statement ofChanges in Reserves
Notes to the Unaudited Financial Statements
10to 17
Detailed Consolidated Statement ofComprehensive Income 18to 19

2023 2022
Note
Turnover 247,177 226,770
Cost ofsales (241,248) (196,837'}
Gross surplus 5,929 29,933
Administrative expenses (118) (115)
Other operating income 3,974 162,862
Operating
surplus		 9,785 192,680
Other interest receivable and similar income 1,739 50
Interest payable and similar expenses (7,042) (6,166)
(5,303) (6,116)
Surplus
bef'ore		 tax 4,482 186,564
Surplus
for the		 financial year 4,482 186,564

2023 2022
Note
Fixed assets
Tangible assets 686,552 657,077
Current
assets
Debtors
Cash at bank		 and in hand 4,723
172,079		 7,864
197,279
176,802 205,143
Creditors: Amounts falling due within one year (14,303) (12,378)
Net current assets 162,499 192,765
Total assets less current liabilities 849,051 849,842
Creditors: Amounts falliiig due after morc than one year (83,840) (89,113)
Net assets 765,211 760,729
Reserves
Retained
earnings		 765,211 760,729
Surplus 765,211 760,729

Retained
earnings Total
At 1 October 2022 760,729 760,729
Surplus
for the year		 4,482 4,482
At 30September 2023 765,211 765,211
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

2023 2022
f.
Depreciation expense 13,168 13,028
5
Tangible		 assets
Furniture,
Land and fittings and
buildings equipment Total
Cost
At
1 October		 2022 667,042 57,453 724,495
Additions 36,153 6,491 42,644
Disposals (919) (919)
At 30September 2023 703,195 63,025 766,220
Depreciation
At I October 2022 36,724 30,694 67,418
Charge for the year 7,556 5,613 13,169
Eliminated
on disposal		 (919) (919)
At 30September 2Q23 44,280 35,388 79,668
Carrying
amount
At 30September 2023 658,915 27,637 686,552
At 30September 2022 630,318 26,759 657,077

6 Debtors
2023 2022
Current
P repayments 4,296 3,870
Other debtors 427 3,994
4,723 7,864

7
Creditors
Creditors: amounts falling due within one year
2023 2022
Note
Due within
one year
Loans and borrowings 5,589 5,941
Accruals
and deferred		 income 1,411 1,261
Other creditors 7,303 5,176
14,303 12,378
Creditors: amounts falling due after morc than one year
2023 2022
Note
Due after one year
Loans and borrowings 83,840 89,113
8
Loans and bm rowings
2023 2022
Non-current
loans and borrowings
Bank borrowings 83,840 89,113
2023 2022
Current
loans and borrowings
Bank borrowings 5,589 5,941

Metric 1:R einvestm ent
%
2023 2022
Development ofnew properties
Newly built properties acquired
Works to existing properties 36,153 64,925
Capitalised interest
Schemes completed
36,153 64,925
Tangible fixed assets housing properties at cost 703,195 667,042
Tangible fixed assets housing properties at valuation
703,195 667,042
Metric % 5.14% 9.73%
Metric 2a: New Supply (Social Housing Units) %
2023 2022
Total social units developed or acquired in year
Social leasehold
units
Total social housing units owned 16 15
Social leasehold
units		 owned
16 15

Metric 2b: New Supply (Non-Social Housing Units) %
2023 2022
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)		 16 15
Total non-social rental housing
units owned (period end)
Social leasehold units owned (period end)
Non-social
leasehold units owned (period end)
16
Metric%
Metric 3 :Gearing %
2023 2022
Short-tenn loans 5,589 5,941
Long-term loans 83,840 89,113
Cash and cash equivalents (172,079) (197,279)
Amounts owed to group undertakings
Finance lease obligations
(82,650) (102,225)
Tangible fixed assets housing properties at cost 703,195 667,042
Tangible fixed assets housing properties at valuation
703,195 667,042
Metric % (11.75)% (15.33)%

Metric 4:EBITDA MRI Interest Co ver %
2023 2022
Operating
surplus/(deficit)		 overall 9,785 192,680
Gain/(loss)
on disposal		 of fixed assets (housing properties)
Amortised
government		 grants
Goveriunent
grants taken		 to income
Interest receivable (1,739) (50)
Capitalised
major repairs		 expenditure for period
Total depreciation
charge		 for period 13,169 13,028
21,215 205,658
Interest capitalised
Interest payable and financing
costs		 7,160
7,160		 6,281
6,281
Metric % 2.96% 32.74%
Metric 5:Headline Social Housing Cost K
2023 2022
f
Management
costs
Service charge costs
Routine maintenance		 costs 24,138
105,157
10,869		 10,035
100,484
10,523
Planned
maintenance		 costs 6,539 2,572
Major repairs expenditure 11,108 3,241
Lease costs
Capitalised
major repairs expenditure
Other (social housing
letting) costs
Charges for support services		 for period 22,941
70,432
300		 36,667
300
Development
services
Community/neighbourhood services
Other social housing activities: Other
251,483 163,821
Total social housing units owned and/or inanaged at 16 15
period end
16
Metric R 15,718 10,921

2023 2022
Operating
Surplus/(deficit)		 (social housing lettings) 9,785 192,680
Turnover
fiom social housing
lettings		 247,177 226,770
Metric % 3.96% 84.97%
Metric 6b:Operating
Margin (OveraH)		 %
2023 2022
f.
Operating
suiplus/(deficit)		 overall 9,785 192,680
Gain/(loss)
on disposal offixed assets (housing properties)
9,785 192,680
Turnover
(overall)		 247,177 226,770
Metric % 3.96% 84.97%
Metric 7:Return on Capital Employed %
2023 2022
Operating
surplus/(deficit)		 overall 9,785 192,680
Share ofoperating surplus/(deficit) injoint ventures or
associates
9,785 192,680
Total assets less current liabilities 849,051 849,842
Metric % 1.15% 2267%


September
2
023
2023 2022
Turnover
Rent Income (100%Capacity) 281,412 257,520
Losses from vacancies and absences (34,235) (30,750)
247,177 226,770
Cost ofsales
Food and Other Household Costs (26,553) {26,673)
I.Iousekeepers and Ancillary StaffWages (78,604) (73,81 1)
Admin Wages (24,138) (10,034)
Travelling (110)
Staff pensions (1,283) (775)
Accountancy (2,069) (2,235)
Subscriptions (712) (537)
Staff training (1,299) (1,164)
Printing,
Postage and Stationeiy		 (736) (286)
Computer
Requisites		 (979) (875)
Advertising {114) (380)
Telephone (1,581) (1,671)
Residents
gifts and functions		 (1,762) (73)
Gardening (4,299) (3,474)
Cleaning (6,997) (7,086)
Rates (5,028) (4,433)
Water rates (3,522) (2,493)
Light, heat and power (24,706) (17,449)
Insurance (6,983) (5,771)
TVLicence (485) (635)
Legal and Professional Fees (7,546) (7,062)
Repairs and Maintenance (28,516) (16,892)
Staff Entertaining (58)
Amortisation offreehold property (7,556) {6,652)
Depreciation offixtures & fittings (5,084) (5,854)
Depreciation ofoffice equipment (528) (522)
(241,248) (196,837)
Net rent surplus 5,929 29,933

2023
Net rent surplus b/f 5,929 29,933
Other operating income
Bank interest receivable 1,739 50
Donations 2,439 162,862
Gift aid receivable 1,535
5,713 162,912
Finance charges
Bank charges (118) (115)
Finance costs (7,042) (6,166)
(7,160) (6,281)
Net SuiTilus 4,482 186,564