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