##
##
##
|||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%|