2021-03-31-accounts - Charles Edward Sugden's Almshouses

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Registered Social Housing Provider Information	Registered Social Housing Provider Information
Board Report		2to 4
Independent Auditors'	Report	5to g
Statement ofComprehensive Income
Balance Sheet		10
Statement ofChanges	in Reserves
Cash Flow Statement		12
Notes to the Financial	Statements	13to 17

		Regist	Regist	ered Social	Housing	Provider Info	rmation
Charity Registration		Number		243833
Homes and	Communities		Agency	A3990
Registration	Number
Almshouse	Association		Member	M1012
Number
Members ofthe board				Mr Alan Lobley (resigned 24 September			2020)
				Mrs Beverley Lawrence (resigned 24 September 2020)
				Mr Peter Scarborough		(resigned 24 September 2020)
				Dr Paul Godwin (resigned 24 September			2020)
				Abbeyfteld	The Dales Limited (appointed		24 September 2020)
Day to Day	Managing	Agents		Abbeyfield	The Dales Limited
				Grove House
				12Riddings	Road
				1lkley
				LS299BF
Registered	office			Abbeyfield	The Dales Limited
				Grove House
				12Riddings	Road
				llkley
				LS299BF
Bankers				Barclays Bank pic
				UK Banking	Service Centre
				Birmingham
				Bl3PF
Auditors				Watson Buckle Limited
				Chartered Accountants
				York House
				Cottingley Business Park
				Bradford
				BD16]PE

							2021	2020
						Note
Turnover						2	32,716	26,893
Administrative expenditure						2	(31,985)	(34,157)
Operating surplus							731	(7,264)
Income from fixed	asset investments						3,052	3,859
Interest receivable	and	similar	income				8	65
Movements in fair	value of financial			instruments			15,439	(19,051)
Net incoming/(outgoing)		resources before other recognised			gains and
losses							19,230	(22,391)
Retttisett gnitts on	investntent		«sects					5,760
Surplus for the year							19,230	(16,631)
Total coinprehensive		income	for the year				19,230	(16,631)

					2021	2020
Net income/(expenditure)					19,230	(22,391)
Investment income					(3,060)	(3,924)
Depreciation					9,302	9,302
(Profit) /loss on revaluation		offixed asset	investments		(15,439)	19,051
Increase in debtors					(2,392)	(3,314)
Decrease in creditors					(4,046)	(2,073)
Net cash inflow/(outflow)					3,595	(3,349)
Cash flow statement
					2021	2020
					f.
Net cash inflow/(outflow)	fiom operating		activities		3,595	(3,349)
Returns on investments	and servicing offinance
Investment income					3,060	3,924
Capital expenditure and	financial investment
Purchase oftangible fixed	assets					(30,857)
Purchase ofinvestments					(2,471)	(3,278)
Sale ofinvestments						11,740
					(2,471)	(22,395)
Increase/(decrease) in cash		in the year			4,184	(21,820)
Reconciliation ofnet cash flow to inovement				in net funds
Increase/(decrease) in cash					4,183	(16,060)
Net funds at I April 2020					17,353	33,413
Net funds at 31 March 2021					21,536	17,353

2 Social housing turnover	2 Social housing turnover	2 Social housing turnover	and costs	and costs	and costs
									2021	2020
Turnover
Rents receivable									29,161	23,927
Other income / donations									739	150
Amortised social housing		grant							2,816	2,816
Turnover from social housing				lettings					32,716	26,893
Administrative expenditure
Management									(5,838)	(5,787)
Service charge costs									(10,306)	(10,228)
Routine maintenance									(2,070)	(5,976)
Legal fees									(4,469)	(2,864)
Depreciation ofhousing	properties								(9,302)	(9,302)
									(31,985)	(34,157)
Operating surplus on social housing						lettings			731	(7,264)
Void losses									1,781	6,209
3 Accommodation owned			and in		management
							Number	ofunits	at Number ofunits at
							1April 2020		31March 2021
Housing accommodation
4 Surplus on ordinary		activities			is stated after charging/(crediting):
								2021		2020
										g
Audit fees
Audit ofthe tinancial	statements								1,275	1,250
Depreciation offreehold	property								9,302	9,302
Amortisation ofgovernment			grants						(2,816)	(2,816)

5 Tangible fixed	assets	assets
							Social	housing		Property plant
							properties			and machinery		Total
											g	8
Cost
At 1 April 2020								375,000			45,707	420,707
At 31 March 2021								375,000			45,707	420,707
Depreciation
At 1 April 2020								30,000			2,792	32,792
Charge for the year								7,500			1,802	9,302
At 31March 2021								37,500			4,594	42,094
Net book value
At 31March 2021								337,500			41,113	378,613
At 31 March 2020								345,000			42,915	387,915
Housing properties	for lettings			were subject to an independent,		professional		valuation		at 2 July	2016.The valuation was
undertaken by lan	M Briggs FRICS of Deere,Son				and Hartley.		The properties		were	recognised using a market value
with full vacant possession,			as a deemed cost on tmnsition			to	FRS102.These assets			are being depreciated		tram their
valuation date of31		March	2016 and have a current		net book value of8345,000				(2019 - F352,500).The historical cost
equivalent ofthese	assets is		6182,054.
6 Investments held		as fixed		assets
										2021		2020
										g
M&G Charity Multi Asset Fund										83,087		65,176
M&G Charity Multi Asset			Fund
										Listed
										investments		Total
Valuation
At 1 April 2020											65,176	65,176
Revaluation											15,440	15,440
Additions											2,471	2,471
At 31 March 2021											83,087	83,087
Carrying amount
At 31March 2021											83,087	83,087
At 31 March 2020											65,176	65,176

7 Debtors
				2021		2020
Prepayments					1,823	1,640
Other debtors					5,135	2,926
					6,958	4,566
8 Creditors:	amounts	falling due	within one year
				2021		2020
Trade creditors					51	879
Accruals					1,530	1,932
					1,581	2,811
9 Creditors:	amounts	falling due	after one year
				2021		2020
Grant				123,902		126,718
Social Housing	Grant totalling $140,798 has been received. This will be repaid if the properties are sold. The Social
Housing Grant	is being	recognised	in income on a systematic	basis over the expected useful	life ofthe structure (50
years).