## ## ## ## |Contents||||| |---|---|---|---|---| |||||Page| |Registered
Social Housing
Provider|||Information|| |Board Report||||4-7| |Independent|Auditor's|Report||8-10| |Statement
of|Comprehensive
Income|||| |Balance Sheet||||12| |Statement
of|Changes|in Reserves||13| |Notes to the|Financial|Statements||14 —22| ## |Company|registration|registration|number|number|1005700| |---|---|---|---|---|---| |Charity registration||number|||262505| |Homes and Communities||||Agency registration|H0552| |number|||||| |Members|ofthe board||||Mr M Stanton-Dunne| ||||||Mr RThomson| ||||||Mrs P Griffiths| ||||||Mrs R Blake| ||||||Mr A Nurbhai| |Registered|office||||1 Sopwith Crescent| ||||||Wickford Business Park| ||||||Wickford| ||||||Essex SS118YU| |Places of|business||||Abbeyfield
House| ||||||200 Timberlog
Lane| ||||||Basildon| ||||||Essex SS141PG| ||||||The Octagon| ||||||41 Bridge Street| ||||||Basildon| ||||||Essex SS154AY| |Auditor|||||Sygma| ||||||Chartered
Accountants| ||||||Wickford Business Park| ||||||1 Sopwith Crescent| ||||||Wickford| ||||||Essex SS118YU| |Bankers|||||Lloyds Bank pic| ||||||89 High Street| ||||||Billericay| ||||||Essex CM12 9AT| ## ## ## ## ## ## ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |Metric|1:Reinvestment|||1%|1%| |Metric|2a: New Supply (Social Housing|Units)|||| |During|the year the Society did not develop|nor|acquire||| |any social housing
units (leasehold
or other).||||0%|0%| |Metric|2b: New Supply (Non-social
Housing||Units)||| |During|the year the Society did not develop|nor|acquire||| |any non-social
housing
units (leasehold
or||other).||0%|0%| |Metric|3:Gearing|||-157%|-159%| |Metric|4:Earnings Before Interest, Tax,|Depreciation,|||| |Amortisation,
Major Repairs Included
(EBITDA MRI)|||||| |Interest|Cover||||| |During|the year the Society did not capitalise
nor pay any||||| |interest|or other financing costs.|||N/A|N/A| |Metric|5:Headline Social Housing Cost|(per|unit)|E10,741|611,424| |Metric|6a:Operating
Margin (social housing||lettings)|-3%|14%| |Metric|6b: Operating
Margin (overall)|||-1%|16%| |Metric|7:return on Capital Employed|||0%|2%| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| |||Note|F|| |Turnover|||264,079|335,280| |Social housing
activity|expenditure||237,547|257,260)| |Gross surplus|||26,532|78,020| |Administrative
expenditure|||(29,081)|(25,793)| |Operating
surplus|||(2,549)|52,227| |Interest receivable
and|similar income||2,104|5,651| |Surplus
on ordinary||||| |activities for the year|||(445)|57,878| |Revaluation
offixed asset investments|||(14,378)|3,263| |Total comprehensive|income|||| |for the year|||(14,823)|61,141| ## ## |Year Ended 31 March|Year Ended 31 March|Year Ended 31 March|2022|2022|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||2022||2021| |||||||||||Note|||6||6| |Fixed assets|||||||||||||||| |Tangible fixed assets|-|housing
properties|||||||||8||841,811||842,789| |Tangible fixed assets|-|other|||||||||9||2,960||3,482| |Investments||||||||||10|||404,364||18,742| ||||||||||||||1,249,135||865,013| |Current assets|||||||||||||||| |Debtors|||||||||||||||460| |Cash at bank and
in hand|||||||||||||940,546||1,341,465| ||||||||||||||940,546||1,341,925| |Creditors: amounts|falling|||due|||||||||||| |within one year|||||||||||12||30,360)||26,874| |Net current assets|||||||||||||910,186||1,315,051| |Total assets less current
liabilities|||||||||||||2,159,321||2,180,064| |Creditors: amounts
after more than one|falling
year|||due|||||||13|~353,637)||~7356,557|| |Total net assets|||||||||||||1,808,684||1,823,507| |Reserves|||||||||||||||| |Income and expenditure|||account||||||||14||1,808,684||1,823,507| |Total reserves|||||||||||||1,808,684||1,823,507| |These financial statements||||have|been|prepared||in accordance||||with the|special provisions||relating
to| |companies
subject to the|||small companies||||regime||within||Part 15of the||Companies|Act 2006.|| |yh
5
tl tt||t|||dd|d|d|th|t|dl||*67th|6
d|~fftl|1iy-| |Signed on behalf of the board|||||||||||||||| |MrMStanton-Dunne|||||||||Mr R Thomson||||||| ## ## |||Income and|| |---|---|---|---| |||expenditure|| |||reserve|Total| |||F|E| |At 1 April 2020||1,762,366|1,762,366| |Surplus for the year||57,878|57,878| |Revaluation
offixed asset investments||3,263|3,263| |Total comprehensive|income|61,141|61,141| |At 31 March 2021 and|1 April 2021|1,823,507|1,823,507| |Surplus
for the year
Revaluation
offixed asset investments||(445)
~74.378)|(445)
~74,378)| |Total comprehensive|income|~)4,823)|14,823)| |At 31 March 2022||1,808,684|1,808,684| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Social housing|turnover
and cost|s||||| |---|---|---|---|---|---|---| |||||2022||2021| |||||6||E| |Rents receivable
excluding
service||charges||58,874||108,556| |Service charges receivable||||199,285||220,804| |Amortised
government
grants||||5,920||5,920| |Social housing|activity expenditure|—Service costs||199,285||220,804| |Social housing|activity expenditure|—Repairs and||||| |maintenance||||29,406||27,581| |Social housing|activity expenditure|—Depreciation||8,856||8,875| |Operating
surplus
from social housing|||activities|26,532||78,020| |Social housing|activity expenditure|—Administrative||||| |expenditure||||29,081||25,793| |Net (deficit)/surplus
from social housing|||activities|(2,549)||52,227| |Losses from vacancies||||139,405||66,568| |Accommodation|owned and in management|||||| |||||Number||Number
of| |||||of units|at|units at| |||||1 April||31 March| |||||2021||2022| |Completed
units:||||||| |Housing
for|older people||||24|24| |There are no units under development||||||| ||||||24|24| ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||Donations
received|||||1,025|| ||Other miscellaneous|income|||||| ||Bank interest receivable|||||1,079|5,651| |||||||2,104|5,651| |5|Surplus
on ordinary|activities|||||| ||Surplus
on ordinary|activities|is stated after||charging/(crediting):||| |||||||2022f|2021f| ||Auditor's
remuneration
(including|||expenses|and||| ||benefits
in kind) for|audit||||3,840|3,840| ||Auditor's
remuneration
(including|||expenses|and||| ||benefits
in kind) for|non-audit|||||| ||Depreciation
oftangible
fixed||assets|||8,856|8,875| ## ## ## ## ## ||||Housing|| |---|---|---|---|---| ||||properties|| ||||for letting|Total| |||||E| |Cost:||||| |At 1 April 2021|||1,065,680|1,065,680| |Additions —improvements|to properties||7,356|7,356| |At 31 March 2022|||1,073,036|1 073 036| |Depreciation:||||| |At 1 April 2021|||222,891|222,891| |Charge for year|||8,334|8,334| |At 31 March 2022|||231,225|231,225| |Net book value:||||| |At 31 March 2022|||841,811|841,811| |At 31 March 2021|||842,789|842,789| |The net book value of land|and buildings|comprised:||| ||||2022
L|2021f| |Land and buildings:||||| |Freehold|||1,073,036|1,065,680| ||||1,073,036|1,065,680| ## ## ## |Tangible fixed assets —other||| |---|---|---| ||Fixtures,|| ||fittings and|| ||equipment
F|Totalf| |Cost:||| |At 1 April 2021|120,988|120,988| |Additions||| |At 31 March 2022|120,988|120,988| |Depreciation:||| |At 1 April 2021|117,506|117,506| |Charge for year|522|522| |At 31 March 2022|118,028|118,028| |Net book value:||| |At 31 March 2022|2,960|2,960| |At 31 March 2021|3,482|3,482| |Fixed asset investments||| ||Listed|| ||investments|Total| ||f|F| |Valuation:||| |At 1 April 2021|18,742|18,742| |Additions
Revaluation|400,000
~14,378|400,000
~14,378| |At 31 March 2022|404,364|404,364| |Impairment:||| |At 1 April 2021||| |At 31 March 2022||| |Carrying
amount:||| |At 31 March 2022|404,364|404,364| |At 31 March 2021|18,742|18,742| ## ## ## ## |11|Debtors|||||||| |---|---|---|---|---|---|---|---|---| ||||||||2022f|2021f| ||Trade debtors||(gross||social housing|rent arrears)||| ||Payments
on account|||||||| ||Prepayments||and accrued income|||||460| |||||||||460| |12|Creditors: amounts|||falling due within one year||||| ||||||||2022f|2021f| ||Trade creditors||||||6,835|2,847| ||Other tax and||social security||||782|1,678| ||Government|grants|||||5,920|5,920| ||Accruals and|deferred|||income||16,823|16,429| ||||||||30,360|26,874| |13|Creditors: amounts|||falling due after||more than one year||| ||||||||2022|2021| ||||||||f.|| ||Government|grants|||||350,635|356,555| ||Other loans||||||2|2| ||||||||350,637|356,557| ## ## ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||6|| |Income|||||||| |Residents'
charges and other||||rental income||397,564|395,928| |Amortisation
of government
grants
Losses arising from vacantxes||||||5,920
~56|5,920
~66,566| |Turnover
- net property||income||||264,079|335,280| |Expenditure|||||||| |Administrative
expenditure|||||||| |Insurance||||||3,478|3,546| |Telephone||||||2,240|2,054| |Membership
fee - The|Abbeyfield||||Society|6,772|6,705| |Auditor's
remuneration||||||3,840|3,840| |Bookkeeping||||||2,000|2,808| |Travelling
expenses||||||250|73| |Advertising||||||5,527|3,645| |Training
and conferences||||||1,573|813| |Other expenditure||||||1,615|753| |Legal and professional|fees|||||575|35| |Careline||||||1,211|1,521| |Total administrative|expenditure|||||29,081|25,793| |Repairs and maintenance|||||||| |Alarm costs and maintenancre||||||2,133|| |Day-to-day
repairs||||||12,650|19,632| |Cyclical repairs||||||14,623|7,949| |||||||29,406|27,581| |Service costs|||||||| |Care and catering:|||||||| |Employee costs||||||142,472|157,023| |Food costs and cleaning||||materials||24,013|30,205| |Window cleaning||||||905|530| |Garden
maintenance||||||1,873|2,004| |Council tax/rates||||||5,980|5,950| |Water rates||||||3,859|4,233| |Heating||||||10,975|6,038| |Lighting||||||6,486|11,238| |Waste disposal||||||570|954| |Pest control||||||716|502| |Uniforms
and PPE||||||204|638| |Sundry expenses||||||1,232|1,489| |||||||199,285|220,804| |Depreciation|||||||| |Housing
properties||||||8,334|8,260| |Fixtures, fittings and equipment||||||522|615| |||||||8,856|8,875| |Total social housing|activity|||expenditure||237,547|257,260| |Operating
surplus||||||(2,549)|52,227|