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