| CONTENTS | PAGE | |
|---|---|---|
| Legal and Administrative | Information | |
| Trustee's Report | 2-3 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes to the Account | 7-9 |
| Note | 2020 | 2019 | ||
|---|---|---|---|---|
| unrestricted | {uunr sulstsdl | |||
| INCOME FROM | ||||
| Rent Receivable | 81,712 | 80,018 | ||
| Bank Interest | 80 | 123 | ||
| TOTAL INCOME | 81,792 | 00,141 | ||
| EXPENDITURE ON | ||||
| Charitable Activities |
||||
| Property Costs | 37,192 | 52,872 | ||
| Other Costs | 1,913 | 1,818 | ||
| TOTAL EXPENDITURE | 39,105 | 54,690 | ||
| NEW MOVEMENT IN FUNDS | 42,687 | 25,450 | ||
| RECONCILLIATION | OF FUNDS | |||
| Funds Brought Forward | 307,685 | 282,235 | ||
| FUNDS CARRIED FORWARD | 350,372 | 307,685 |
| THE | PASS HOUSING ASSOCIATION LIMITED | PASS HOUSING ASSOCIATION LIMITED | ||
|---|---|---|---|---|
| LIMITED BYGUARANTEE | ||||
| UNAUDITED ACCOUNTS | ||||
| BALANCE SHEET | ||||
| AS AT 31STDECEMBER 2020 | ||||
| Note | 2020 | 2019 | ||
| TANGIBLE FIXEDASSETS | 263,017 | 270,963 | ||
| CURRENT ASSE S | ||||
| Debtors | 21,525 | 21,082 | ||
| Cash at Bank | 123,828 | 78,871 | ||
| 145,353 | 99,953 | |||
| CREDITORS: AMOUNTS | FALLING DUE | |||
| WITHIN ONE YEAR | 13,998) | (12,231) | ||
| NET CURRENT ASSETS | 131,355 | 87,722 | ||
| CREDITORS: AMOUNTS | FALLING DUE | |||
| AFTER ONE YEAR | (44,000) | (51,000) | ||
| NET ASSETS | 350,372 | 367,683 | ||
| FUNDS | ||||
| Unrestricted Funds |
350,372 | 307,685 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Agent's Rent | Collection Charges | 12,160 | 11,964 | ||||
| Insurance | 2,124 | 1,928 | |||||
| Repairs and | Maintenance | 11,953 | 27,440 | ||||
| Electricity and Heating Oil | 276 | 518 | |||||
| Loan Interest | 2,733 | 3,076 | |||||
| Depreciation | 7,946 | 7,946 | |||||
| 37,102 | 52,872 | ||||||
| 3 | OTHER COSTS | ||||||
| 2020 | 2019 | ||||||
| Accountancy | 775 | 775 | |||||
| Secretarial Fees and Expenses | 1,000 | 1,000 | |||||
| Companies | House Fees | 13 | 13 | ||||
| Sundries | 125 | 30 | |||||
| 1,913 | 1,010 | ||||||
| 4 | NET MOVEMENT | IN FUNDS | 2020 | 2019 | |||
| The net movement | in funds for | the year is stated after charging: | |||||
| Depreciation | 7,946 | 7,946 | |||||
| Accountants' | Fees | Independent | Examination | 220 | 220 | ||
| Other Services | 555 | 555 | |||||
| 8,721 | 8,721 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| Buildings | |
| Cost | |
| At 1st January 2020 | 397,294 |
| Addition: | 0 |
| At 31stDecember 2020 | 397,294 |
| ~Di 11 |
|
| At 1stJanuary 2020 | 126,331 |
| Charge for the year | 7,946 |
| At 31stDecember 2020 | 134,277 |
| Net BookValue | |
| At 31stDecember 2020 | 263,017 |
| At 31stDecember 2019 | 270,963 |
| 6 | DEBTORS | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Debtors | 20,692 | 20,291 | ||
| Prepayments | and Accrued Income | 833 | 791 | |
| 21,525 | 21,082 | |||
| 7 | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| Accrued Expenditure | 6,998 | 5,231 | ||
| Loan | 7,000 | 7,000 | ||
| 13,998 | 12,231 | |||
| 8 | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | |||
| 2020 | 2019 | |||
| Loans | 44,000 | 81,000 | ||
| DEBTDUE AFTER MORE THAN ONE YEAR | ||||
| Repayable | between one and five years | 28,000 | 28,000 | |
| Repayable | in five or more years | 16,000 | 23,000 | |
| 44,000 | 51,000 |