| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 14 |
| 30.9.20 | 30.9.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
625 | ||||
| Charitable activities |
|||||
| Sheltered Housing | 40,980 | 40,980 | 42,472 | ||
| Investment income |
18 | 18 | 41 | ||
| Total | 40,998 | 40,998 | 43,138 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Sheltered Housing | 47,038 | 47,038 | 48,390 | ||
| Net gains on investments | 57,224 | 57,224 | |||
| NET INCOME/(EXPENDITURE) | 51,184 | 51,184 | (5,252) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 857,856 | 857,856 | 863,108 | ||
| TOTAL FUNDS CARRIED FORWARD | 909,040 | 909,040 | 857,856 |
| 30TH SEPT | EMBER2020 | ||||
|---|---|---|---|---|---|
| 30.9.20 | 30.9.19 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 10 | 889,582 | 889,582 | 831,932 | |
| CURRENT ASSETS | |||||
| Debtors | 11 | 8,141 | 8,141 | 6,452 | |
| Cash at bank and in hand | 14,871 | 14,871 | 22,932 | ||
| 23,012 | 23,012 | 29,384 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
12 | (3,554) | (3,554) | (3,460) | |
| NET CURRENT ASSETS | 19,458 | 19,458 | 25,924 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 909,040 | 909,040 | 857,856 | ||
| NET ASSETS | 909,040 | 909,040 | 857,856 | ||
| FUNDS | 13 | ||||
| Unrestricted funds |
909,040 | 857,856 | |||
| TOTAL FUNDS | 909,040 | 857,856 |
| 30.9.20 | 30.9.19 | ||||
|---|---|---|---|---|---|
| Deposit account interest | 18 | 41 | |||
| 3. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 30.9.20 | 30.9.19 | ||||
| Activity | 8 | ||||
| Residents Charges | Sheltered Housing | 51,350 | 51,675 | ||
| Losses arising &om | |||||
| Vacancies | Sheltered Housing | (10,370) | (9,203) | ||
| 40,980 | 42,472 | ||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | |||||
| Costs (see | Support | ||||
| note 5) | costs | Totals | |||
| Sheltered Housing | 36,421 | 10,617 | 47,038 | ||
| 5. | DIRECT COSTSOF | CHARITABLE ACTIVITIES | |||
| 30.9.20 | 30.9.19 | ||||
| Staffcosts | 16,659 | 16,000 | |||
| Food and Pmvisions | 5,632 | 5,778 | |||
| Insurance | 1,292 | 1,207 | |||
| Upkeep ofPremises | 4,420 | 4,582 | |||
| Telephone | 572 | 550 | |||
| Postage and stationery | 19 | 57 | |||
| Council Tax and Rates | 1,812 | 2,665 | |||
| Sundries | 225 | 472 | |||
| Heat and Light | 5,790 | 5,859 | |||
| 36,421 | 37,170 | ||||
| 6. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||
| 30.9.20 | 30.9.19 | ||||
| Depreciation - owned assets | 6,526 | 4,561 |
| The average monthly n |
umber ofemp | loy | ees during the year was as f |
ollows: | ||
|---|---|---|---|---|---|---|
| 30.9.20 | 30.9.19 | |||||
| Housekeeping | 1 | 1 | ||||
| No employees received | emoluments | in | excess of$60,000. | |||
| No staff members received remuneration | exceeding I60,000. | |||||
| COMPARATIVES FORTHE STATEMENT OFFINANCIAL | ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| funds | fund | funds | ||||
| f | I | |||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
625 | 625 | ||||
| Charitable activities |
||||||
| Sheltered Housing | 42,472 | 42,472 | ||||
| Investment income |
41 | 41 | ||||
| Total | 43,138 | 43,138 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Sheltered Housing | 48,390 | 48,390 | ||||
| NET INCOME/(EXPENDITURE) | (5,252) | (5,252) | ||||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward | 863,108 | 863,108 | ||||
| TOTAL FUNDS CARRIED FORWARD | 857,856 | 857,856 |
| 10. | TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|---|
| hnprovement | Fixtures | ||||
| Freehold | to | and | |||
| property | Property | fittings | Totals | ||
| g | g | g | |||
| COST ORVALUATION | |||||
| At 1stOctober 2019 | 859,609 | 11,550 | 871,159 | ||
| Additions | 19,350 | 345 | 19,695 | ||
| Revaluations | 15,391 | 15,391 | |||
| At 30th September 2020 | 875,000 | 19,350 | 11,895 | 906,245 | |
| DEPRECIATION | |||||
| At 1stOctober 2019 | 29,090 | 10,137 | 39,227 | ||
| Charge for year | 6,263 | 263 | 6,526 | ||
| Eliminated on disposal |
(29,090) | (29,090) | |||
| At 30th September 2020 | 6,263 | 10,400 | 16,663 | ||
| NET BOOK VALUE | |||||
| At 30th September 2020 | 875,000 | 13,087 | 1,495 | 889,582 | |
| At 30th September 2019 | 830,519 | 1,413 | 831,932 | ||
| 11. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||||
| 30.9.20 | 30.9.19 | ||||
| Rent Arrears | 7,010 | 5,373 | |||
| P repayments | 1,131 | 1,079 | |||
| 8,141 | 6,452 | ||||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 30.9.20 | 30.9.19 | ||||
| f. | |||||
| Trade creditors | 1,596 | 1,663 | |||
| Social security and other taxes | 562 | 478 | |||
| Accrued expenses | 1,396 | 1,319 | |||
| 3,554 | 3,460 |
| MOVEMEN | T IN FUN | DS | |||
|---|---|---|---|---|---|
| Net | |||||
| At | movement | At | |||
| 1/10/19 | in funds | 30/9/20 | |||
| Unrestricted | funds | ||||
| General fund | 849,835 | 51,184 | 901,019 | ||
| Repairs and | Maintenance | reserve fund | 8,021 | 8,021 | |
| 857,856 | 51,184 | 909,040 | |||
| TOTAL FUNDS | 857,856 | 51,184 | 909,040 |
| Net movement | in funds, | included | included | included | in the above are as follows: | |||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| General fund | 40,998 | (47,038) | 57,224 | 51,184 | ||||
| TOTAL FUNDS | 40,998 | (47,038) | 57,224 | 51,184 | ||||
| Comparatives | for movement | in | funds | |||||
| Net | ||||||||
| At | movement | At | ||||||
| 1/10/18 | in funds | 30/9/19 | ||||||
| Unrestricted | funds | |||||||
| General fund | 855,087 | (5,252) | 849,835 | |||||
| Repairs and Maintenance | reserve | fund | 8,021 | 8,021 | ||||
| 863,108 | (5,252) | 857,856 | ||||||
| TOTAL FUNDS | 863,108 | (5,252) | 857,856 | |||||
| Comparative | uet movement | in | funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted | funds | |||||||
| General fund | 43,138 | (48,390) | (5,252) | |||||
| TOTAL FUNDS | 43,138 | (48,390) | (5,252) |
| Net | |||||
|---|---|---|---|---|---|
| At | movement | At | |||
| 1/10/18 | in funds | 30/9/20 | |||
| f. | f. | ||||
| Unrestricted | funds | ||||
| General fund | 855,087 | 45,932 | 901,019 | ||
| Repairs and | Maintenance | reserve fund | 8,021 | 8,021 | |
| 863,108 | 45,932 | 909,040 | |||
| TOTAL FUNDS | 863,108 | 45,932 | 909,040 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General | fund | 84,136 | (95,428) | 57,224 | 45,932 | |
| TOTAL | FUNDS | 84,136 | (95,428) | 57,224 | 45,932 |
| The Society is required to report on seven metrics with which effectiveness across the social housing sector. |
The Society is required to report on seven metrics with which effectiveness across the social housing sector. |
are used to measure economy, efficiency a |
|---|---|---|
| Reinvestment | 0.37% | |
| New Supply Delivered | 100% | |
| Gearing | 0% | |
| EBITA | 0% | |
| Headline | Social Housing Cost | f47,117 |
| Operating | Margin | -12% |
| Return on | Capital Employed | -1% |