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|---|---|---|---|---|
|Information|||||
|Board Report||||2-7|
|Independent|Auditors'|Report||8-10|
|Statement of|Comprehensive||Income||
|Balance Sheet|||||
|Statement of|Changes|in Reserves||13|
|Statement of|Cash Flows|||14|
|Notes to the Financial||Statements||15-25|
##
|VICE PRESIDENTS|M L Brooks||||
|---|---|---|---|---|
||M Dickman||||
||J Grenfell||||
||R H Nash||||
||E Langston
(Chair)||||
|DIRECTORS|STouzel (Vice Chair)||(resigned|'12 March 2020)|
||M D Innes||||
||G D M Oakhill (resigned 27 November 2019)||||
||H Richards
(appointed||20 March|2020)|
||A C Smith (appointed||12 March|2020)|
||D FWood (appointed||12 March|2020)|
|CHIEF EXECUTIVE|Ms F Stretton||||
|COMPANY SECRETARY|Mrs F Meaking||||
|REGISTERED NUMBER|00872566||||
|REGISTERED OFFICE|29Alma Vale Road||||
||Clifton||||
||Bristol||||
||BS82HL||||
|INDEPENDENT AUDITORS|Bishop Fleming|LLP|||
||Chartered
Accountants||8 Statutory Auditors||
||10Temple Back||||
||Bristol||||
||BS16FL||||
|SOLICITORS|Cook 8 Co||||
||77-81 Alma Road||||
||Clifton||||
||Bristol||||
||BS82DP||||
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|||||ZC I&|
|---|---|---|---|---|
|Trcrrrovor||4|1,844,948|1,857,217|
|Oporatng cos'|||(1,813,430)|(1,778,163)|
|GROSS (DEFIC~SURPLUS|||(88,385)|79.954|
|Qrhar oparartng
irrcorrw|||36,295|211|
|OPERATING (DEFICIT)lSURPLUS|||(39,189)|79„265|
|interest receivable
and err)iiar|iniorr'ro|7|2821|2 5~4|
|Irilerest poyablo arid expense|'||(4„458)|f,5,403)|
|(DEFICIT)SURPLUS|||(49,718)|75,395|
##
|||||2020||20ig|
|---|---|---|---|---|---|---|
|||Note||6|||
|FIXED ASSETS|||||||
|Tangible asM,ts||||8,192,080||6,393,60&|
|CURRENT ASSETS|||||||
|Debtors: amounts|felling due within onc year|13|48.112||36,162||
|cash at beni' and|in hand||808,866||660,957||
||||856,978||733,129||
|Creditor=: amounts|falling due within cne||||||
|veal|||{247,170}||{180,761)||
|NET CURRENT ASSETS||||609,808|||
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES||||8„801,888||8,936,977|
|Creditors. amounts
than one year|failing due atter more|||{3,229,494}||(3,323,868)|
|NET ASSETS||||5,572,394||5.613,109|
|CAPtTAL ANO RESERVES|||||||
|income end eigienditure
reserve||||6,572,394||5,813,109|
|||||5,572,394||5b13109|
##
|||Income and||
|---|---|---|---|
|||expenditure||
|||reserve|Total|
|||E||
|At 1 October 2016||5,536,714|5,536,714|
|COMPREHENSIVE|INCOME FOR THE YEAR|||
|Surplus for the year||76,395|76,395|
|At 1 October 2019||5,613,109|5,613,109|
|COMPREHENSIVE|INCOME FOR THE YEAR|||
|Deficit for the year||(40,715)|(40,715)|
|AT 30SEPTEMBER2020||5,572,394|5,572,394|
##
##
||||2020|2019|
|---|---|---|---|---|
||||E|E|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Surplus/(deficit)
for the financial year|||(40,715)|76,395|
|ADJUSTMENTS FOR:|||||
|Depreciation
oftangible assets|||212,977|218,433|
|Interest paid|||4,457|5,403|
|Interest received|||(2,921)|(2,533)|
|(Increase)/decrease
in debtors|||(11,950)|7,568|
|(Decrease)
in creditors|||(13,280)|(51,444)|
|NET CASH GENERATED FROM OPERATING ACTIVITIES|||148,568|253,&22|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Purchase oftangible
fixed assets|||(11,448)|(49,751)|
|Interest received|||2,921|2,533|
|NET CASH FROM INVESTING ACTIVITIES|||(8,527)|(47,218)|
|CASH FLOWS FROM FINANCING|ACTIVITIES||||
|Repayment
ofloans|||(23,596)|(23,595)|
|Repayment
ofother loans|||(89)|(82)|
|Interest paid|||(4,457)|(5,403)|
|NET CASH USED IN FINANCING|ACTIVITIES||(28,142)|(29,080)|
|INCREASE IN CASH AND CASH EQUIVALENTS|||111,899|177,524|
|Cash and cash equivalents
at beginning||ofyear|696,967|519,443|
|CASH AND CASH EQUIVALENTS|AT|THE END OF YEAR|808,866|696,967|
|CASH AND CASH EQUIVALENTS|AT|THE END OF YEAR COMPRISE:|||
|Cash at bank and
in hand|||808,866|696,967|
||||80&,866|696,967|
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|SOCIAL HOU|SING T|URNOV|ER AND CO|STS|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||F|E|
|Gross social|housing|rent|||2,058,922|1,973,513|
|Voids|||||(285,793)|(191,499)|
|Resident subsidies|||||(3,793)|(2,282)|
|Other income|from residents||||4,454|6,795|
|Net rent receivable|||||1,773,790|1,786,527|
|Capital grant|income|(through|accruals model)||70,255|70,690|
|Turnover|||||1,844,045|1,857,217|
|Social housing|activity|expenditure|||(1,913,430)|(1,778,163)|
|Net (deficit)/surplus||from social housing||activities|(69,385)|79,054|
##
|5.|ACCOMIIODATION|ACCOMIIODATION|UNITS|UNITS|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The Society owned the|||following|bed spaces available||for occupation|and|in development:||
||||||||||2020|2019|
||||||||||No|No|
||Social Housing
Lettings||||||||||
||Supported|sheltered|||||||89|89|
|6.|OTHER OPERATING|||INCOME|||||||
||||||||||2020|2019|
||||||||||F|F|
||Donations||||||||50|211|
||Covid Job|Retention Scheme income and||||other related|grants||30,155||
||||||||||30,205|211|
|7.|INTEREST|RECEIVABLE|||||||||
||||||||||2020|2019|
||||||||||E|E|
||Bank interest receivable||||||||2,921|2,533|
|8.|INTEREST|PAYABLE|AND SIMILAR EXPENSES||||||||
||||||||||2020f|2019|
||Bank interest payable||||||||2,950|3,889|
||Other loan|interest payable|||||||1,506|1,514|
||||||||||4,456|5,403|
|9.|SURPLUS/(DEFICIT)||ON ORDINARY ACTIVITIES||||||||
||The surplus/(deficit)
on|||ordinary|activities|is stated after|charging:||||
||||||||||2020f|2019|
||Depreciation|oftangible||fixed assets|||||212,977|218,433|
||Operating
lease rentals||||||||19,135|19,135|
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||Social||||
|---|---|---|---|---|
||housing|Motor|Fixtures and||
||property|vehicles|fittings|Total|
||F|F|F|K|
|COST|||||
|At 1 October 2019|10,110,213|23,156|356,649|10,490,018|
|Additions|8,448||3,000|11,448|
|At 30September 2020|10,118,661|23,156|359,649|10,501,466|
|DEPRECIATION|||||
|At 1 October 2019|1,821,051|7,772|267,586|2,096,409|
|Charge for the year on owned assets|190,929|3,846|18,202|212,977|
|At 30September 2020|2,011,980|11,618|285,788|2,309,386|
|NET BOOK VALUE|||||
|At 30September 2020|8,106,681|11,538|73,861|8,192,080|
|At 30September 2019|8,289,162|15,384|89063|8393609|
##
##
|DEBTORS||||
|---|---|---|---|
|||2020|2019|
|Trade debtors||19,934|8,177|
|Other debtors||265|265|
|Prepayments|and accrued income|27,913|27,720|
|||48,112|36,162|
##
|CREDITORS:|AMOUNTS
FALLING DUE WITHIN ONE|YEAR||
|---|---|---|---|
|||2020|2019|
|||F|F|
|Bank loans||23,595|23,595|
|Mortgage
loan||70|70|
|Trade creditors||88,764|59,485|
|Other taxation|and social security|15,950|13,939|
|Other creditors||16,450|16,438|
|Accruals||102,341|76,234|
|||247,170|189,761|
##
|CREDITORS: AMOUNTS
FALLING DUE AFTER M|ORE THAN ONE YEAR||
|---|---|---|
||2020|2019|
||K||
|Bank loans|106,180|129,775|
|Mortgage
loan|17,078|17,167|
|Deferred grant income|3,106,236|3,176,926|
||3,229,494|3,323,868|
||2020|2019|
||f|E|
|Deferred grant income|||
|Balance at 1 October|3,176,926|3,247,616|
|Grants received|||
|Amortisation|(70,690)|(70,690)|
|Balanceat30September|3,106,236|3,176,926|
##
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|||2020f|2019
E|
|---|---|---|---|
|AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|Bank loans||23,595|23,595|
|Mortgage
loan||70|70|
|||23,665|23,665|
|AMOUNTS|FALLING DUE 1-2YEARS|||
|Bank loans||23,595|23,595|
|Mortgage
loan||70|70|
|||23,665|23,665|
|AMOUNTS|FALLING DUE 2-5YEARS|||
|Bank loans||70,785|70,785|
|Mortgage
loan||210|210|
|||70,995|70,995|
|AMOUNTS|FALLING DUE AFTER MORE THAN 5YEARS|||
|Bank loans||11,800|35,395|
|Mortgage
loan||16,798|16,887|
|||28,598|52,282|
|||146,923|170,607|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||E||
|FINANCIAL||ASSETS||||||
|Financial|assets that are debt||instruments|measured|at amortised cost|&29,484|705,409|
|FINANCIAL||LIABILITIES||||||
|Financial|liabilities measured||at amortised|cost||(337,506)|(306,326)|
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|At 30 September
2020 the Society had
future
minimum
lease
operating
leases for each ofthe following
periods:|payments
due
under
non-|cancellable|
|---|---|---|
||2020|2019|
|||F|
|Not later than one year|19,135|19,135|
|Later than one year and not later than five years|12,375|31,510|
||31,510|50,645|
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