2021-05-31-accounts - Victoria Homes

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

INCOME AND EXPENDITURE	ACCOU	TFOR THE YEAR EN	DED 31st IVI	AY 2021
		2021		gp'rp
TURNOVER
W.M.C.Receivable		57,460		57,460
Less Voids		(552)		(170)
		56,908		57,290
OPERATING COSTS
Services		9,258	11,080
Management Day-to-day Maintenance		10,100 26,229	10,100 18,011
Central Heating Costs		20,576	15,804
Subscriptions		384	347
Independent Examiner		1,092	1,050
Depreciation		318	269	(56,661)
OTHER INCOME
Donations		25		440
Insurance claims		6,092
OPERATING SURPLUS/(DEFICIT)		(4,932)		1,069
INCOME AND EXPENDITURE	FROM	INVESTING
Investment Income		1,663	1,986
Change in Fair Value ofinvestments		84,189 85,852	(41,707)	(39,721)
SURPLUS/(DEFICIT) FOR THE	YEAR	80,920		(38,652)
Retained earnings at start ofyear		1,173,206		1,211,858
Retained earnings at end ofyear	15	81,254,126		61,173.206

			Notes			2021	2020
Housing: Land and Buildings			10			750,000	750,000
Other Fixed Assets			11			845	1,163
Total Fixed Assets						750,845	751,163
RRENT ASSETS
Investments at fair value			13	488,857		404,668
Debtors and prepayments			12	1,033		1,011
Cash at Banks:
CAFcash					8	8
Barclays				19,162		22,611
Barclays Savings					7	7
				509,067		428,305
TLIABILITIE
Creditors			)4	(5,786)		(6,262)
NT A	ETS					503,281	422,043
TOTAL KT						81,254,126	11,173,206
Represen ted by:- Accumulated Fund						197,766	201,035
Investment valuation		reserve				256,896	172,707
R.C.Hogg Fund G.P. Smith Fund						25,000 5,000	25,000 5,000
Extraordinary Repairs		Fund				44,073	44,073
Cyclical Maintenance		Fund				24,661	24,661
Revaluation Reserve						700,730	700,730
			15			81,254,126	f.1,173,206
				13	October 2021
Approved by the Trustees at their meeting				on		and signed on their behalf by'

	2021	2020
Cash flows from operating activities Surplus/(Deficit) for the financial year	80,920	(38,652)
Depreciation oftangible fixed assets Investment income Increase in debtors	318 (1,663) (22)	269 (1,986) (86)
Decrease in creditors Change in fair value ofinvestments	(476) (84,189)	(92) 41,707
Net cash generated from aperating activities	(5, 112)	1,160
Cash flows from investing activities Purchase oftangible fixed assets Investment income received	1,663	(840) 1,986
Net cash from investing activities	1,663	1,146
Net (decrease)/increase in cash &cash equivalents	(3,449)	2,306
Cash &.cash equivalents at beginning ofyear	22,626	20,320
Cash &cash equivalents at end ofyear	19,177	22,626
Cash &cash equivalents at the end ofyear comprises Cash at bank and in hand	819,177	f22,626

The brea	kdown ofthe sum	shown as services in the	income tk expenditu
		2021	2020
insurance		2,268	'i 2PP
Warden	Call System	1,385	1,296
Gardening		775	1,284
Water Charges		4,370	5,855
Sundries		460	445
		59,258	511,080

10.FIXED	AS	SETS —FR	EE14OLD HOUSIN	LAND d'c BUILDIN S.
				2021	21)21)
Cost as at	1980			90,$36	90,836
As at 31st	May	2021		90,836	90,836
Less: Housing		Corporation	Grant	(41,566)	(41,566)
Revaluation				700,730	700,730
Valuation	as at	31stMay	2021	f750,000	f750,000

11. ERFIXED SSETS
	Computer	Plant dr	Total
	Equipment	Machinery
Cost
At I June 2020	919	1,151	2,070
At 31 May 2021	919	1,151	~2070
Depreciation
At I June 2020	566	341	907
Charge for year	88	230	318
At 31 Moy 2021		571	~1225
Net Book Value 31 IVlay 2021	f265	8580	f845
Nct Book value 31 May 2020	f353	f810	f,1,163
12. HEI)1ORS.
Amounts falling due within one year:-
Prepayments		1,033	1,011
Total		f1,033	f1,011

13. CURRENT AS	SETS —INV	NTS.
		2021
		Cost	Market Value	Cost	Market Value
M &G The Equities investment Fund for Charities/(Charifund) Acc. Units		185,$39	375,466	185,$39	296,062
M &G The Equities for Charities/(Chari	Investment Fund fund) Inc. Units	30,000	30,879	30,000	25,612
Charinco Common	Investment
Fund Accumulation M &G Charity Multi Asset Fund		13,038 3,0$4	74,652 7,860	13,038 3,084	76,190 6,804
		5231,961	8488)857	f231,961	6404,668

				2021	2020
Amounts Accruals	falling due & deferred	within income	one year:-	5,786	6,762
Total				K5,786	~56 262

15.MOVEMENT ON	RESE	RVES
		Balance	Income	Expenditure	Transfers		Balance
		At I/6/20			In	Out	at 3I/5/21
Accumulated Fund lnvestntent valuation	reserve	201,035 172,707	64,688	(67,957) 84,189			197,766 256,896
R.C.Hogg Fund G.P. Smith Fund Extraordinary Repairs Cyclical Maintenance Revaluation Reserve	Fund Fund	25,000 5,000 44,073 24,661 700,730					25,000 5,000 44,073 24)661 700,730
		61,173,206	664,688	f16,230			81,254,126

16.MOVEMENT ON RESERVES PRIOR YEAR	16.MOVEMENT ON RESERVES PRIOR YEAR	16.MOVEMENT ON RESERVES PRIOR YEAR	16.MOVEMENT ON RESERVES PRIOR YEAR	16.MOVEMENT ON RESERVES PRIOR YEAR
			Balance	income	Expenditure		Transfers		Balance
			At I/6/I 9			In		Out	at 31/5/20
Accumulated	Fund		197,980	59,716	(56,661)				201.035
Investment	valuation	reserve	214,414		(41,707)				172.707
R.C.Hogg Fund			25,000						25,000
G.P. Smith	Fund		5,000						5,000
Extraordinary Repairs		Fund	44,073						44,073
Cyclical Maintenance		Fund	24,661						24,661
Revaluation	Reserve		700,730						700,730
			f1,211,858	f59,716	i(98,368)				6i,173,206