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|Contents|||
|---|---|---|
|||Page|
|Legal and Administrative|Information||
|Trustees'
Report||2-4|
|Independent
examiners|report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial Statements||8-15|
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|Money|M|etrics in accordance
with the Technical note|guidance.||
|---|---|---|---|---|
|Metric|1|Reinvestment
N||2396|
|Metric|2|a) New supply delivered
social housing||OSo|
|||b) New supply delivered
non social housing||67%|
|Metrics|3|and 4are Zero on the basis that the Society|has no debt or loan finance.||
|Metric|5|Headline
social housing cost per unit||E7,273|
|Metric|6|Operating
Margin
(Social housing
lettings|only)|19.596|
|||Operating
Margin
(Overall)||21.816|
|Metric|7|Return on Capital Employed||3.516|
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|||||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|Funds|Funds|Total|Total|
|||||||E|E|E|E|
|Income from:||||||||||
|Fundraising||||||||||
|Charitable|activities|||||||||
||Residents charges|||||266,497||266,497|269,819|
||Sundry income|||||160||160|6,377|
|Investment|Income||||2|21,345||21,345|22,337|
|Total income||||||288,002||288,002|298,533|
|Expenditure||||||||||
|Charitable|activities|||||||||
||Direct charitable|||costs||149,118||149,118|141,914|
||Support costs|||||63,169||63,169|69,418|
|Investment|Income costs|||||||||
||Investment|property costs||||10,631||10,631|705|
|Governance|costs|||||2,385||2,385|2,401|
|Total expenditure||||||225,303||225,303|214,437|
|Net incoming resources for the year||||||||||
|Net Income|forthe year||||6|62,699||62,699|84,094|
|Other recognised gains/losses||||||||||
|Transfer to/(from)
revaluation||||reserve|16|||||
|Transfer to/(from) restricted|||reserve||17|||||
|Net movement
in funds||||||62,699|0|62,699|84,094|
|Total funds|brought forward|||||1,728,116||1,728,116|1,644,021|
|Total funds|carried forward|||||1,790,815||1,790,815|1,728,116|
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|2|Investment
Income|Investment
Income||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|Total|
|||||||E|E|f|E|
||Investment
income|||||||||
||Rental income|||||21,337||21,337|22,315|
||Bank interest|||||8||8|22|
|||||||21,345||21,345|22,337|
|3|Charitable
Activities||Expenditure|||Unrestricted|Restricted|2022|2021|
|||||||funds|funds|Total|Total|
|||||||E|E|E|f|
||Direct charitable|costs||||||||
||Staff costs|||||45,152||45,152|46,708|
||Food and provisions||including|cleaning materials||21,151||21,151|23,176|
||General and water rates|||||3,260||3,260|2,610|
||Repairs and maintenance|||||23,201||23,201|21,226|
||Garden maintenance||and window||cleaning|8,133||8,133|5,810|
||Heating
and lighting|||||15,458||15,458|12,136|
||Miscellaneous
expenses|||||1,864||1,864|1,962|
||Staff training|||||360||360|556|
||Lifeline|||||2,705||2,705|2,662|
||Advertising|||||2,262||2,262|0|
||Depreciation|||||25,572||25,572|25,068|
|||||||149,118||149,118|141,914|
||Support costs|||||||||
||Staff costs|||||51,401||51,401|54,953|
||Affiliation Fee:The Abbeyfield|||Society||2,428||2,428|3,840|
||Insurance|||||3,284||3,284|3,400|
||Bookkeeping
and|payroll costs||||1,770||1,770|1,585|
||Miscellaneous
expenses|||||215||215|270|
||Telephone|||||2,934||2,934|2,637|
||Legal and professional||fees|||1,136||1,136|2,732|
|||||||63,169||63,169|69,418|
||Total Charitable|activities expenditure||||212,287||212,287|211,332|
|4|Investment
income costs|||||Unrestricted|Restricted|2022|2021|
|||||||funds|funds|Total|Total|
|||||||E|E|E|E|
||Investment
property||expenses|||||||
||Insurance|||||696||696|435|
||Professional
fees|||||3,613||3,613||
||Gas certificates|||||74||74|190|
||Cleaning|||||58||58||
||Repairs and renewals|||||6,190||6,190|80|
|||||||10,631||10,631|705|
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|5|Governance|costs|costs|||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|Total|
|||||||E|E|E|E|
||Independent||examination||fees|2,385||2,385|2,401|
|6|Net incoming/(outgoing)||||resources for the year|||||
|||||||||2022|2021|
|||||||||E|E|
||Net income/(outgoing)|||resources||is stated after|charging:|||
||Depreciation|||||||25,572|25,068|
|7|Employees|||||||||
||Employment||Costs|||||2022|2021|
|||||||||E|E|
||Wages and|salaries||||||90,460|96,048|
||Social security||costs|||||1,542|1,350|
||Pension Costs|||||||4,227|4,183|
|||||||||96,229|101,581|
|2022|2021|
|---|---|
|Number|Number|
|15|19|
|The Com|pany
o|per|ates|a defined contribution|pension scheme
in respect ofem|ployees.|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Pension|charge|for|the|year|4,227|4,183|
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|Tangible
Fixed Assets||||
|---|---|---|---|
|||Fixtures||
||Housing|Fittings &||
||Property|Equipment|Total|
||E|E|E|
|Cost or Valuation||||
|At 1June 2021|1,898,636|134,482|2,033,118|
|Less:Social Housing grants to date|(824,888)|(17,132)|(842,020)|
|Net purchase cost|1,073,748|117,350|1,191,098|
|Additions||6,953|6,953|
|Less:Social housing grants during the year||||
|At 31May 2022|1,073,748|124,303|1,198,051|
|Depreciation||||
|At 1June 2021|350,383|96,987|447,370|
|Charge for the year|21,475|4,097|25,572|
|At 31May 2022|371,858|101,084|472,942|
|Net BookValues||||
|At 31May 2022|701,890|23,219|725,109|
|At31May 2021|723,365|20,363|743,728|
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||||Housing|
|---|---|---|---|
||||Property|
||||E|
|Cost or Valuation||||
|At 1June 2021|||545,000|
|Additions|||409,995|
|Net Book Value||||
|At 31May 2022|||954,995|
|At 31May 2021|||545,000|
|Comparable
historical cost for the land and buildings|included|at valuation||
|Cost or Valuation||||
|At 1June 2021|||433,257|
|Additions|||409995|
|At 31May 2022|||843,252|
|Depreciation||||
|At 1June 2021|||119,295|
|Charge for the year|||16,865|
|At 31May 2022|||136,160|
|Net Book Values||||
|At 31May 2022|||707,092|
|At 31May 2021|||313,962|
|12|Debtors|2022|2021|
|---|---|---|---|
|||E|E|
||Rent debtors|||
||Other debtors|6,399|4,664|
|||6,399|4,664|
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|within one year|||||||||2022|2022||||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f||||f|
|Trade Creditors||||||||||3,490||||2,502|
|Rent received
in advance|||||||||||||||
|Accruals and deferred|income|||||||||3,679||||3,768|
|PAVE account|||||||||||||||
|||||||||||7,169||||6,270|
|The Housing
Association||Grant|(HAG) was originally|||received||in respect of Mitchell|||House,|a|property|which was|
|sold
in 2015 and the|balance||was designated||as Recycled||Capital
Grant||Fund.|The|Recycled||Capital|Grant fund|
|amounted
tofnil as at|31May||2022 (2021-|6nil).|||||||||||
|Analysis of Net Assets|between||funds||||Unrestricted||Restricted|||||Total|
|||||||||funds|funds|||||funds|
|||||||||f||f||||f|
|Fund balances at 31May||2022|as represented||by:||||||||||
|Tangible fixed assets||||||||725,109||||||725,109|
|Investment
properties||||||||954995||||||954,995|
|Current assets||||||||117,880||||||117,880|
|Current
liabilities||||||||(7,169)||||||(7,169)|
|||||||||1,790,815||||||1,790,815|
|Movement
in funds|||||At|||||||||At|
|||||01-Jun|||Incoming||Outgoing|||||31-May|
||||||2021||resources||resources||Transfer|||2022|
|Unrestricted
Funds|||||||||||||||
|Unrestricted
Funds|||||1,468,524|||288,002|(225,303)|||(8,187)||1,523,036|
|Designated
reserve
—Major repairs|||||81,866|||||||8,187||90,053|
|Total unrestricted
funds|||||1,550,390|||288,002|(225,303)|||||1,613,089|
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|16|Revaluation|reserve|reserve||At||||At|
|---|---|---|---|---|---|---|---|---|---|
||||||01-Jun|Incoming|Outgoing||31-May|
||||||2021|resources|resources|Transfer|2022|
||||||f||||f|
||Investment|property|revaluation|reserve|177,726||||177,726|
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|17|Restricted|Funds|At||||At|
|---|---|---|---|---|---|---|---|
||||01-Jun|Incoming|Outgoing||31-May|
||||2021|resources|resources|Transfer|2022|
||||E|E|E||E|
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|||2022|2021||
|---|---|---|---|---|
|||Total|Total||
||No ottrustees||6|8|
|21|Housing Stock||||
|||Units in management|||
|||2022|2021||
||Hostel accommodation||||
||Number of bed spaces||12|12|
||Non Hostel accommodation||||
||Bungalows||13||
||Flat||1||