##
##
##
|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)|
##
##
|||||B|alance Sheet as at 31|March 2021|||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||Note|||
|Fixed assets|||||||||
|Tangible assets|||||||378,613|387,915|
|Investments|||||||83,087|65,176|
||||||||461,700|453,091|
|Current
assets|||||||||
|Debtors|||||||6,958|4,566|
|Cash at bank||and in|hand||||21,536|17,353|
||||||||28,494|21,919|
|Creditors:|Amounts||falling due within||one year||(1,581)|(2,811)|
|Net current||assets|||||26,913|19,108|
|Total assets||less current||liabilities|||488,613|472,199|
|Creditors:|Amounts||falling due after||more than one year||(123,902)|(126,718)|
|Net assets|||||||364,711|345,481|
|Funds ofthe association:|||||||||
|Reserves|||||||||
|Unrestricted||revaluation||reserve|||219,121|203,682|
|Income and|expenditure|||reserve|||145,590|141,799|
|Total reserves|||||||364,711|345,481|
##
##
||||Income and
expenditure|Revaluation
reserve|Total|
|---|---|---|---|---|---|
||||reserve|||
|At 1 April|2020||141,799|203,682|345,481|
|Surplus
for|the year||3,791||3,791|
|Revaluation|ofinvestments|||15,439|15,439|
|Total comprehensive||income|3,791|15,439|19,230|
|At 31March 2021|||145,590|219,121|364,711|
##
##
||||||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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Asset class|||Depreciation|method|and rate|
|---|---|---|---|---|---|
|Social housing|properties||50years|||
|Doors and windows|||30years|||
|Kitchens|||20years|||
|Batluoom|||25 years|||
|Boilers|||15years|||
|Electrical and|heating|installations|25 years|||
##
##
##
##
##
##
##
|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).|||||||
##
##
##
##