2023-03-31-accounts

					Page
Registered	Social Housing Provider			Information
Board Report
Independent		Auditor's	Report
Statement	of	Comprehensive Income
Statement	of	Financial	Position
Statement	af	Changes	in Reserves
Statement	of	Cash Flows
Notes to the Financial			Statements		12

Members ofthe board at 31 March 2023	Members ofthe board at 31 March 2023	Members ofthe board at 31 March 2023		Ms KJ Sheldon (Chairman) Mrs CJ Hopcraft	Ms KJ Sheldon (Chairman) Mrs CJ Hopcraft	Ms KJ Sheldon (Chairman) Mrs CJ Hopcraft	Ms KJ Sheldon (Chairman) Mrs CJ Hopcraft	Ms KJ Sheldon (Chairman) Mrs CJ Hopcraft	Ms KJ Sheldon (Chairman) Mrs CJ Hopcraft
				Ms L Hoteit
				MrJ Eversham		(appointed 20 October 2022)
				Mr D Steer (appointed				27 April 2023)
				Mr GAdeleke		(appointed			25	July 2023)
				Mr A Shailer-Smith			(appointed 4 January 2022,
				resigned 10August			2023)
				Mr D Chabbra		(resigned			18August 2022)
				Mr C Lawn (resigned				18July		2022)
				Mr I Odegbami Mrs J Ridgway		(resigned (resigned			16July 2022) 23June 2023)
				Ms SEaves (resigned				Q November 2022)
				Mr L Hickman		(resigned 31 December 2022)
Registered	office			Annctt House
				Common Gardens
				Potten End
				Hertfordshire
				HP4 2RH
Auditor				Hillier Hopkins Herffords		LLP
				Radius House
				51 Clarendon	Road
				Wafford
				hir
				WD17 1HP
Solicitors				Austins Penny		&Thome
				175High Street
				Berkhamsted
				Hertfordshire
				HP4 3HG
Bankers				Bardays Bank		PLC
				Lloyds Bank PLC
Regulator	for Social	Housing		H1167
registration	number
Company	registration		number	00955757 (England			&	Wales)
Charity registration		number		262424

					2023	2022
				Note
Fixed assets
Tangible fixed assets				12,13	992 603	972 556
					992,603	972,556
Current assets
Debtors Cash at bank and	in	hand		15	11,289 633,407	6,916 540,761
					644,696	547,677
Creditors: amounts		falling due within one year		16	~26,713	~26.106
Net current assets					617,983	521,571
Total assets less current liabilities Creditors: amounts falling due after more than one year				17	1,610,586 ~145.677	1,494,127 ~150,124
Total net assets					1,464,909	1,344.003
Reserves
Income and expenditure			reserve	19	1,464,909	1,344,003

At 1 April 2022
	1,344,003
Surplus for the year	120,906
At 31 INarch 2023	1,464,909

							Year ended	Year ended
							31 March	31March
						Note	2023 f	2022 f
Gash flow from operating		activities
Surplus for the year						2	117,526	125,207
Adjustments for.
Depreciation offixed assets: housing				properties		12	35,314	34,031
Depreciation offixed assets: fixtures,				fittings	and equipment	13	21,752	17,936
Purchase offixed assets Amortisation ofcapital grant Decrease/(Increase) in debtors Increase/(Decrease) in creditors						12/13 16	(77,113) (4,447) (4,373) 607	(32,611) (4,447) 3,373 (4,275)
Net cash inflow from operating			activities				89,266	139,214
Cash flow from investing		activities
Interest received							3,380	895
Net cash inflow/(ouNow)	from		investing		activities		3,380	895
Net increase in cash and cash			equivalents				92,646	109,518
Cash and cash equivalents		at	31 March 2022				540,761	400,652
Cash and cash equivalents		at	31 March 2023				633,407	540,761
Cash and cash equivalents		consists of:
Cash at bank and in hand							633,407	540,761
Cash and cash equivalents		at	31 March 2023				633,407	540,761
Analysis ofNet Debt
						At 1 April	Cash flows	At 31 March
						2022f		2023f
Cash at bank and in hand						540,761	92,646	633,407

Year ended 31 March	Year ended 31 March	2023
			Turnover f	Operating Costs	Operating surplus
Social housing Legacies and	lettings donations	(note 3)	693,130 16,310	(591,914)	101,216 16,310
Total			709,440	(591,914)	117,526
Year ended 31March		2022
			Turnover	Operating	Operating
			f	Costsf	surplusf
Social housing Legacies and	lettings donations	(note 3)	654,055 2,017	(530,865)	123,190 2,017
Total			656,072	(530,865)	125,207

		Year ended	Year ended
		31 March	31 March
		2023	2022
Turnover
Rent receivable net of void losses		688,683	649,608
Capital grants released to income		4,447	4,447
Turnover from social housing
lettings		693,130	654,055
Operating costs
Management and administration		96,106	56,900
Service costs		390,461	385,696
Routine repairs and maintenance		41,134	30,040
Major repairs expenditure		7,147	6,261
Depreciation of housing	properties	35,314	34,031
Other costs		21,752	17,936
Operating costs on social
housing lettings		591,914	350,865
Operating surplus on social
housing Iettings		101,216	123,190
Void losses		44,973	32,577

				Year ended	Year ended
				31 Nlarch	31 Marsh
				2023	2022
					K
Reinvestment	in	housing	stock by reference to cost ofstock	1.9%	0.8%
Social housing	cost per		unit	16,539	14,310
Operating margin		by reference to turnover
-Social housing		only		14.6%	18.8%
- All activities				16.6%	19.1%

Cost:
At 1 April 2022		1,815,472
Additions		27,466
At 31 March 2023		1,842,938
Depreciation:
At 1 April 2022 Charge for the year		938,573 35,314
At 31 March 2023		973,887
Net book value:
At 31 March 2023		869,051
At 1 April 2022		676,696
All housing properties	are held freehold.
Tangible fixed assets: fixtures, fittings and equipment
Cost:
At 1 April 2022		231,473
Additions		49,646
At 31 INarch 2023		281,119
Depreciation:
At 1 April 2022		135,815
Charge for the year		21,752
At 31 March 2023		157,567
Net book value:
At 31 March 2023		123,552
At 1 April 2022		95,658