VILLAGE HOUSING
CHARITABLE TRUST
FINANCIAL STATEMENTS FOR
THE YEAR ENDED
30 SEPTEMBER 2021
Charity Registration Number: 268886
LOCKINGE ESTATE OFFICE,
ARDINGTON, WANTAGE, OXFORD5HIRE, OX12 8PP

VILLAGE HOUSTNG CHARITABLE TRUST
INDEX
Year ended 30 September 2021
TRUSTEES, REPORT
INDEPENDENT AUDITOR'S REPORT
STATEMENT OF FIN.ANCIAL ACTIVITIES
BALANCE SHEET
10
NOTES TO THE FINANCIAL STA TEMENTS

VILLAGE HOUSING CHARITABLE TRUST
TRUSTEES, REPOIIT
Year ended 30 September 2021
The Trustee5 subinit their report and account5 for tlie year ended 30, September 202I.
CONSTITUTION
The Trust is constituted by the Trust Deed dated 24, March 1974 following a settlement by MT C L Loyd
of certain houses in the villages of Ardingtoii and Lockinge on exc1115ivcly charitable triists. Additional
propertie5 have been setiled by Mr Loyd since 1974.
OBJECTIVES
The obje¢liv¢s of the Trust are to provide hoiising and associated amenities for persons in necessitOLIS
circumstances upon tenns appropriate to their Ineans and for tliis purpose to construct, improve or manage
or facilitate or encourage the ¢onstrLlCtion or improvement of liouses.
STATUS
The Trust is a registered charity (Cliarity Cornmission Registration No. 268886).
TRUSTEES
The Trustees who served during the year were as follow5-
T C Loyd, Dr E A Boon, C Merry, and the Honourable W Cadogan.
SELEcfioN AND APPOINTMENT OF TRUSTEES
Wlien a need for a new Trustee is identified, the existing Trustees will review the eligibility criteria for
Trustees, agree what skills, experience and knowledge are needed and agree a process for recruitment.
Tlie Trustees will agree the best method for attracting ¢andidates and interview the candidates equitably
against the agreed criteria.
The preferred candidate will be identified and invited to join th¢ Trustees, subject to references, formal
vetting and approval of tlie Trustee board. Tlie person nominaied for appointment as Trustee will be
required to sign a declaration of his or her eligibility to a¢t as a Trustee in a forin acceptable to11)e Trustees.
The vetting will encompass disqualification checks, conflicts of interests and if appTopriate, Dis¢losure
and Ba￿Ing Service.
Appropriate inforination will be made available to the poteiitial Trustees at either the interview stage or
the nomination stage about Trusiee duties and responsibilities. the Charity including its objectives, it5
accounts, the trust deeds and the existing Triistees.
A newly appointed Trustee will be offcred and given appropriate induction and training.
TRANSACTIONS WITH TRUSTEES
Please see Note 7 to the accounts for details of transaciions with tlie Trustees.
INVESTMENT
The Trustees have power of investment as an absolute beneficial owner.
REMUNERATION
None of the Trustees received any remuneration during t]ie year.

VILLAGE HOUSING CHARITABLE TRUST
TRUSTEES, REPORT (¢ontiniied)
Year endcd 30 Septcinbei. 2021
ORGANISATION
The Trustees Ineet periodically in order to discuss tlie Inanageinent of the properties and to grant tenancies
to necessitous persons in accordance with the Trust Deed.
The day-lo-day management is Carried out by tlie Managing Agents. Adkin, Chartered Surveyors. at a fee
agreed by the parties.
PRINCIPAL OFFICE
Locking7e Estat¢ Office
Ardington. Wantage. Oxon, OX12 8PP
AUDITORS
Dixon Wilson Audit Services LLP
22 Chan¢ery Lane, London WC2A I LS
BANKERS
Barclays Bank pl¢
17 Market Place, Wantage, Oxon. OX12 8AG
SOLICITORS
Knights plc
Midland House, West Way, Oxford. OX2 OPH
MANAGING AGENTS
Adkin. Chartered Surveyors
Orpwood House, Ardington. Wantage OX12 8PQ
TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the TTUStees' report and the financial statements in accordance
with applicable law and United Kingdoin Accounting Standards. The law applicable to ¢harities in
England and Wales requires the trustees to prepare financial 5tatein¢nts for eacli financial year wliicli give
a true and fair view of the state of affairs of tlie Charity and of the incoming resources and application or
resources of the charity for that period. In preparing ihese financial statements. the trustees are required
to..
select suitable accounting policies and then apply thein consistently-
obs¢rve Ilie metl)ods and principles of the Cliarities SORP;
Tnake judgements and accounting estimates that are reasonable and prudent.
state wliether applicable accounting standards have been followed, subject to any departures dis¢los¢d
and explained in tl)e financial stateinents,. and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charity will continue in business.
The tTUStees are responsible for keeping a¢¢ounting records whicl) disclose ivith reasonable accuracy the
financial position of the charity and enable them to ensure that the financial stateTnenis comply ivith the
Charities Act 201 I, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the charity and lience for taking reasonable
5tep5 for the prevention and detection of fraud and other irregularities.
REVIEW OF THE YEAR
During the year. the following activities in pursuance of its Objectives as set oiit on Page 2 were undertaken
by tli¢ Trust..
Mainlenan¢e and Re
airs - the Trustees continue to maintain Ilie portfolio of propertie5 Witli
parti¢ulaT emphasis being pla¢ed upon the needs ofthe elderl),, less able tenants and young people.
Tliis incliides internal de¢oi'ation, gardening assistance and other help when required. The Trustees
expended £205,339 (2020 - £167,687) on the maintenance of the existing portfolio of properties.

VILLAGE HOUSING CHARITABLE TRUST
TRUSTEES, REPORT (¢ontiniied)
Year ended 30 Septeinber 2021
Pro
Im
rovements - the Trustees continue to carry out iinprovements to the housing stock by
upgrading the facilities such as kitchens, batlirooms, heating and other in5tallaiions P£lrticularly
when a property falls vacant and is due for refiirbishment prior to re-letting. In addition, facilities
su¢li as showers, stairlifts and liand rails are provided lo assist elderly and less able tenants. Tl)e
Trustees spent £99,810 (2020 - £44,898) on expenditure of a capital iinprovem¢nt nalure in the
year. excluding neiv l)oiising.
New Housin
there has been no new housing developtnents for the year.
Potential Develo
ment Land the paddocks. which the Trust owns within the village of East
Ilsley, offer long term potential for residential development together with various community
benefits includiiig a site for affordable rural lioiising siibject to planning consent bcing granted by
the Local Authority concerned. To tl)is end, a Proinotion Agreement lias been entered into with
Manor Oak Homes, to proinoie ihe site for dev¢lopm¢nt at tl)e Coinpany'5 risk.
Ri5k- the Trustee5 have considered the risks to which the Charity 15 exposed and have concluded
tliat due lo the number of prop¢rti¢s within the portfolio, the ongoing rnaintenance programme,
the occupancy rate in recent years, the average nuinber of applicant5 on tlie waiting list and the
geographic spread of the dwellings. tlie risks of a significant fall in rental income or a major
increase in the repair liabilities suddenly arising are limited.
Perfomance
The Trustees at iheir meetings review the performance of tlie Trust against its Cliaritable
Objectives, whi¢li are set oiit on page 2. In particular they consider the occupancy levels, the
necessitous circuinstances of the t¢nants, the age range of the tenants and tlie maintenance and
development of the Trust'5 properties. The performance statistlcs 51iowed the following changes
between 2021 and 2020:
2021
58
2020
58
Total number of residential properties
Properties vacant and being refurbisliedlre-let
Total nuinber of tenants
Age range of tenants
18-45
46-59
60+
Number of children of tenants
There is further information in the Public Benefit section below as to how the objectives are met
and the above statistics are referred lo at the end of that section.
In this year. information relating to the demographic make-up of the tenants was not produced
due to the challenges caused by the COVID-19 pandemic.
PUBLIC BENEFIT
The Trustee5 continue io carry out the Charity's aims for the public benefit.
The Tr￿tee5, having regard to the Public Benefit Euidance published by the Charity Commission in
accordance with section 17 of the Charities Act 20 I I, eonsider that the purpose and tlie activities of the
Charity satisfy tlie requirements of the Piiblic Benefit test sel oul in se¢lion 4 of the same Act.
The aims are intended to benefit those members of th¢ public who need to live in the villages of Ardington
and Lockinge for the purposes of employment. retirement or in order to make a ¢ontribution to tlie work
of the local community, througFli providing them with affordable rural housing ai less ihan the open market
rental value for similar properties in tlie locality.

VILLAGE HOUSING CHARITABLE TRUST
TRUSTEES, REPOIIT (continued)
Year ended 30 Septeinber 2021
The property portfolio includes bungalows and cottages which have been adapted to in¢liide stairlift5 and
otlier facilities, and whicli tl)erefore are particulaTly siiitable for access and occiipation by tli¢ elderly and
by persons with a disability. A5 sl)own in the above Perforinance Review statistics, the Trustees a150 seek
to maintain a variable mix in the age range of tenants in order to preserve the balance of life in the local
community.
FINANCIAL POSITION
During the year. the Trust received income of £385,266 (2020 - £380,831) including interest, of which
£318,637 {2020- £284,922) was spent on maintenance. repair5. management, professional fees. illsuTan¢e
and other overlieads as set out in the Stateinent of Financial Activities (page 8). Capital expenditure
amounted to £99,810 {2020- £44.898).
RESERVES POLICY
Any surplu5 income is retained by the Trust in order to build up reserves for the purclias¢ of additional
properties or land on which new dwellings can b¢ ¢onstrucied to further the overall objectives.
At 30 September 2021 the net current asset position showed a surplus of £137,760 (2020 - £173,702)-
The ongoing policy of the Trustees is to retain siirplus income for the improvement of the existing housing
stock as required and in the medium term to build up reserves for the construction of new properties which
may require land lo be purchased in th¢ first instance.
GOING CONCERN POLICY
Thc Trustees have continued to adopt the going concern ba515 for tliese financial statements. as there are
no Inaterial uncertainties id¢ntified that may cast doubt about tlie Trust's ability to continue as a going
concern for the foreseeable future. The bank loan which replaced tlie bank overdTafi facility is expected to
provide the Trust with sufficient working capital for planned operations for al least 12 month5 following
the approval of these accounts.
ACCOUNTS
These accounts have been drawn up in aeeordance with the r¢l¢vant provisions of the Charities Act 2011,
the FRS102 Statement of Recommended Practice.. A¢couniing and Reporting for Charities (SORP 2019)
and the Trust Deed.
STATEMENT AS TO DISCLOSURE TO OUR AUDITORS
In so far ￿ the Trustees are aware at the tiine of approving our Trustees, report:
there is no relevant information, bcing information needed by the auditor in conne¢lion with preparing
tlieir report, of wliich Ilie chaTily's auditor is unaware; and
each Trustee has taken all the steps tliat helshe ought lo have taken as a Trustee in order lo make
themselves aware of any relevant audit information and to establish that the charity's auditors are
aware of that inforniation.
For and on behalf of ihe Trustees:
T.C LOYD
Date..
Tr£islEe

VILLAGE HOUSING CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
Year ended 30 September 2021
INDEPENDENT AUDITOR'S REPORI. TO THE TRUSTEES OF THE VILLAGE HOUSING
CHARITABLE TRUST
Opinion
We have ￿l￿dited the financial statements of Village Housing Charitable Trust {Ihe 'chariry') for the s'ear ended
30th Sept¢mber2021 wliich comprise the statemeni of financial activities, balance sheet, and notes to the financial
Statements, including a 5UTnmary of Significant accounting policies. The financial Teportinb framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applieable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
'give a true and fair view ofthe state of the charity's affairs as at 30th September2CQ l and of its incomingre50vrces
and application of resources, including its income and expenditure, for the year then ended.
.have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prdctice.
.hove been prepared in accordance iyith the reqiiiremenls of the Charities Act 2011.
Basis for tspinion
We conducted our aLidit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standaTds are further described in the Audit.)r's responsibilities for the audit
of the fiiiancial statenients section of OLir report. We ale independent of the chariryL in accoidance with the ethical
requirements that are Televant to our audit of the financial slalements in the UK, including the FRC'S Ethical
Standard, and we have fvlfilled our other ethical respor15ibilities in accordance with these requiiemenls. We
believe that the audit evidence ive have obtained 15 sufficient and appropriate to provide 3 basis for our opinion.
Conclusions relating to going CODeern
In auditing the financial statements, we have concluded that the directorfs use of the going concern basis of
ccounting in the preparation of the financial stateinents is appropriate.
Based on the work we have perfomied, we have not identified any Tnaterial uncertainties relating to events or
onditions that, individually or collectively.. may cast significant doiibt on the charity's ability to continue as a
going concem for a period of ai least twelve tnonths from when the financial statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going ¢gncern are described in the
relevant sections of this report.
Other inforniatio
The other information Comprises the infomation included in the truslee5' annual report, other than the financia
statements and our auditor's report thereon. The Irustees are respon5ibl¢ for the other infomiation. Our opinion on
the financial statements does not cover the otlier infoiTnation and, except to the extent otherwise explicitly stated
in our report, we do not express any fomi of assurance conclu510ri theieon.
In connection with our audit of the financial statements. our responsibility is to tlad the other infonnation and, in
doing so, consider whether the other infomialion is materially ii)consi5tenl witk. the financial ststeinents or oiir
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to detem)ine whether there is a material
misstatement in the financial stateinents or a material migstatement of tlie ot]ier itLfonnation. If, based on the work
we have perforn)ed. we conclude that there is a material misstatement of this otlier infomation, we are required
to report ihai fact.
We have nothing lo report in this regard.

VILLAGE HOUSING CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (continued)
Year ended 30 September 2021
Matters on which we are required to report by exccption
We have nothing to report in respect of the following matters in relaiion to whieh the Charities Act 2011 requires
us to report to you if, in our tspinion..
•the inforniation given in tho trustees, anllual report 15 inconsistent in any material respect with the financial
statements. or
•the charity has not kept adequate accounting records,. or
.the financial statements are not in agreement with the accounting record5 and returns. or
we have not received all the infom)ation and explanations we require for our audit.
Responsibilities of trustees
As explained more fiilly in the trustee5' Tespon5ibiliti¢s statement set out on page 3. the tNstee5 are responsible
for the preparation of the financial statements and for being satisfied that tliey give a irue and fair view, and for
such internal control as the trustees detem)ine is necessary to enable the preparation of financial statements that
are free from inaterial misstatement, whether due to fraud or error.
In preparing the financial statements, the trusfee5 are responsible for ￿sessIng the charity's ability to continue as
a going concern. dis¢losin& as applicable, matters related to going eoncem and using the going concern basis of
accounting unles5 the trustee5 either intend to liquidate the charity or to cease operations, OT have no realistic
altemative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance ivith
regulations made under section 154 of that Act.
Our objectives are to obtain reasonable assurance about i¥hether the financial statements as a wliole are free from
material misstatement. whetlier due to fraud or error, and to issue an auditor's rep)rt that includes our opinion.
Reasonable assurance is a high level of a$5urance, but is not a guatanlee that an audit ¢onducted in accordance
with ISAS (UK) will always detect a material misstatemen( M,hen it exEsls. Misstateinents can arise fi'om fraud or
error and are considered material if. individually or in the aggregate, they could reasonably be expected to
influence ihe economic decisions of users taken on tlie basis of these financial statements.
Irregulariti4 including fraud, are instances of non-compliance with law5 2nd regulations. We design procedures
in line with our responsibil￿ties, outlined above. to detect Inaterial misslatemenls in respect of irregularitie5,
including fraud. The extent to which our procedures are capable of detecting irregu12ritie5, including fraud is
detailed below-
We gained an understanding of the legal and regulatory framework applicable to the charity by considering,
amongst other things, the jurisdictions in which it operates, and considered the risk of acts by the d)arity that were
COn￿ry 10 applieable laws and regulations. including fraud. We designed audit procedures to respond to the
assessed level of risk, bui recognised that the risk of not detecting a mal¢rial misstatement due to fraud is higlier
thon the risk of not d¢tecting one resulting from error. as fraud may involve deliberate concealment by, for
example, forgery or intentional misrepr¢sentations, or through collusion.
We focused on laws and regulations which could give rise to a material misstatemeiit in the fjnancial slalements,
including. but not limited to, Charities Act 2011, the Landltsrd and Tenant Act 1985 and the Equality Act 2010.
Our tests included enquiries with management and enquiries of thiTd parties, including property agent5, bankers
and solicitors.
A5 in all our audits, Ive also addre55ed the risk of management oveThide of internal controls, including testing
journals and evaluating whether there was evidence of bias by management that repre5ent¢d a risk of material
misstatement due to fraud.

VILLAGE 140USING C14ARITABLE TRUST
INDEPCNDENT AUDITOR'S REPORT (continu¢d)
Year ended 30 Septeinber 2021
There are inherent limitations in the audit procedures described above and. the fvrtheT removed non-compliance
with laws and regulations is from the events 2nd transl< Ctions reflected in the financial statements. the less likely
we would become aware of it. We did not identify any kty audit matters relating to irregularities, including fraud.
A further description of our responsibilities for the audit of the financial sialements is located on the Financial
Reporting Council's website at.. www.frc.org.uklauditorsTesponsibilities. This description forms part of our
auditor's report.
Dixon Wilson Audit Service5 LLP, Statutory Auditor
22 Chancery Lane
London
WC2A I LS
29 July 2022
Date..
Dixon Wi150n Audit Services LLP is eligible to act as an auditor in iern)s of section 1212 of tlie Companies Act
2006.

VILLAGE HOUSING CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Y¢aT to 30 September 2021
2021
2020
Notes
INCOME
Incotne frojn Charitable activities
Rents receivable
385.266
380,830
Incotne from Investments
Interest
Other Income
Promotional Fee Income
TOTAL INCOME AND ENDOWMENTS
385,266
380.831
EXPENDITU
Ex
nditure on Charita
Property tnaintenan¢e and repairs
Rent payable
Electricity and gas
Rates and water charges
Insurance
Propety Enanagement
Professional and legal fees
Subscriptions
Bank charges and interest
Bad debt provision
Sundry administration costs
Sundry dircct charitable expenditUTe
Administration fees
Audit fees
Accountancy fecs
205,339
275
1.549
7,369
4.906
26,500
6.482
167.687
275
1,486
5,040
3,597
26,345
6,991
13.678
8,628
35
1,057
50.9)6
1,606
1,606
244
979
59,938
.855
1,857
TOTAL EXPENDITURE
321.398
284,922
NEf MOVEMENT IN FUNDS
63.868
95,909
TOTAL FUNDS brought fonvard
4.0ry0,054
3,924,145
TOTAL FUNDS carried forward
4,083,922
4,020,054
All amounis are in respect of continuing activities and all fuods are unrestricted in their appli¢ation.

VILLAGE HOUSING CHARITABLE TRUST
BALANCE SHEET
Year to 30 S¢
teniber 2021
Nthe
2021
2020
PROGRAMME RELATED INVESTMENTS
F￿chold land & buildings
4,350,162
4,250.352
CURRENT ASSETS
Debtors
47,665
231.681
44.777
249,312
294.089
C￿h at bank
279,346
CREDITORS DUE WITHIN ONE YEAR
Creditors and a¢cwals
141,586
120,387
141.586
120,387
NET CURRENT LIABILITIES
137,760
173.702
CREDITORS DUE AFTER ONE YEAR
Bank Loan
1404,0001
1404.0001
NET ASSETS
4,083,922
4,020,054
REPRESENTED B Y..
TOTAL UNRESTRICTED FUNDS
4,083.922
4.020.054
Th¢ financial statements on pages 9 to 14 were approved by the Trustees on
and were s1￿cd on their beha]f by:
DR.
BOON
TCLOYD
(Trusieel

VILLAGE HOUSING CHARITABLE TRUST
NOTES TO THE FINANCIAL STA TEMENTS
Year to 30 September 2021
I. ACCOUNTING POLTCICS
nie finaiiciil slaleinenls have bcLn prepared in accordaiicc Ivith Ihc Fi￿ancIal Rcponiiig Siaiidards applicElblt in Ihc
UK and Republic of IrL'land IFRS1021. tlic Siatcmcni ofR¢comineiided Pr&clice'. At¢ourtling aiid Reportiiig lor
Village FIov5ing Chori1gbl¢ Trus1 meels ilie definition of a public benefii eniiiy und¢r FRSIO2.
1¢5¢ financial slalcmcnts liuv¢ becn prcpared under the hi51Drical cosi eonioniion.
FUND ACCObNTING
Unr¢siri¢icd Fun(5s ale available for al Ili¢ Jsscr¢iion ofilie Trustees in furtlicrancc ofili¢ gcn¢r81 charitabl¢
objeclii'¢s.
De5ignaled funds, of i￿11Ch there %lte currcnily nenc, are iinr¢siricicd funds ithich iwiild b¢ transf¢rrcd from Ihc
general fuiid foT p￿rtiCUl￿r purposes or projecls al the dis¢reiion ofihc Trusi¢¢s.
Rcslricled funds. of ivliich Ihcre are fjlso nonc currently, iiould bc funds doDatcd eiihcr foT a Particular purp05¢
or arc4 the ux ofwhicli would be reslriited lo Ihal purpose or area.
INCOMING RESOURCES
All incom¢. includiiig ￿ll1 and interest, is recognised and ccounied for ivli¢ii tli¢ Charity hLsentiilemcni
to the funds, the amount can be quan-.ified and tliere is certainty of receipt.
RC.SOURCCS EXPF.NDED
All e.Kpellditure is recogiiised ivhen there is a legal or consiriiciive obligaiion ITr pay. Where costs cannot be diTC¢tIy
attributed to an expenditure lieading: they will be allocaied to a¢tivities on a ba515 consisieni wilh the use of resources.
PROORAMMC RELATED INVfSTMCN'rs
Programme relalcd inv¢sin]cnlS Teprescni rcsidcniial prop¢ni¢s held by Ilie chtrily and which arc l¢1 beloiv tnarkei reni
in order to provide affordable housin.y to ihe local comjnunity. The inve51tn¢nts a￿ held at cost Wlth an &nnual
impairrnent review carried out by the trustees.
'rAXAI'ION
The aciiviiits of (he Chariiy are ¢x¢iiipi-.roin COTporlltion under part 10 of the Incom¢ Tax Act 2007 lo Ihc
extent that they are applied io rhe organisation's charitable objectives. Therefore no liability arises to t￿ation
in view of the exemptions available io the Trust as a charity.
PREPARAT]ON OF THE Accouprrs ON A GOING CONCLRN 13.4SIS
Thc accounts hav¢ b¢eii preparcd on a going concern basis. Ibe Trusiees do not believe ihere 15 any doubi ov¢r Ili¢ churity'5
abilit). to continue lls a going concern. Thc chariiy has made a surplus thi5 yellr.
BASIC fiNANCIAL INSTRUMENTS
Basic finaTJciJI inslrunieTrls are Cl￿7551r[Ld ￿1nd ￿l¢CollI11¢￿ for, according lo Ilic 5ub51an¢e ofihc coniraclual Jrrnngetneni. as
rinw)cial asscis or finaiicial liabilit1¢5. financial instruments thre initi￿111>. rL'¢ognised al ihe ainounl receivEiblo or wyn1￿ble iiicluding
any related transaction costs.
LEOAL FORM
The VillJge FIou55n8 Chdrilable Trust is *n iinincorporaicd cliarity r¢gi51¢red iviili ihc Chariiy Comniissioii in England & Ivales
(charity nur)bcr 2688861. lis registc￿d Jddr¢ss is Lockinge Esidie OITice. Ardiiigioii, Wanlage, Oxfurdsliire, OX12 8PP.

VILLAGE HOUSING CFIARifABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Year to 30 September 2021
2(J21
2020
2. PROGRAMME RELATBD INVESTMENTS
Fr¢eliold Land & Buildings at cost
Cost brought forward at l October 2020
4.250,352
4.205.454
Additions in
l Orpwod Paddock
31 High Street
50 Ardi&i8ton
23124 East Lockinge
ear
3.766
5,000
15,000
24.898
96.044
99.810
44,898
Cost ¢arried forward ai 30 September 2021
4,350,162
4,250,352
The Trustees, having ¢arried out their annual impairment review, consider that there are no impaimients
in respect of the above PTogTamme Relaied Invesiments.
3. DEBTORS
2021
2020
Trade debtors
Prepayment5
Tenants, rent deposiis h¢ld by 3rd party (see note 4}
18,807
2.821
26,037
3.621
25,975
47.665
44,777
4. CREDITORS
2021
2020
Lockinge Trust (see note 71
Trade creditors
Accruals
Deferred Inconie
Commercial Rent Deposits Held
Tenants, rent dep05jts held by 3rd paTty (see note 3)
105,308
2,164
3,672
2,005
2,400
26,037
L41.586
83,496
2.234
4,139
2,143
2,400
25,975
120.387
Tenants, rent d¢posits are held by Adkin. CharteTed Sutveyors.
12

VILLAGE HOUSING CHARITABLE TRUST
NO'FE5 TO'FI.IE FINANCIAL S'I'A'FCMI-.NI
Y¢ar to 30 S¢pt¢nik'r 2021
5. BANK LOANS & OVERDRAFr
A bank loan 01 £404,000 {including £4,OW arrnngcmoni fcel has replaced the overdTaA facilil>' bLing for the same security.
Inter¢5115 payable at 3.04% per annum, and lh¢ loan 15 rcpayable on or b¥lore 10th April 2025. The loan is secured on 1-4
Orpi%'wd Padduck. Schvol R￿d. Ardin¥ion OXI 2 81II3.
6. FUNDS
2021
2020
Brouglii forivard at l October 2020
Changc in ycar
4,020,054
63,868
3.924.145
95.909
CaTried fonvaTd ai 30 SLPtembei 20?]
4,083,922
4,020.054
7. EMPLOYEES AND TRUSTEES
Thc Trusi has no employLQS and no rcmuncration is paid 10 Ihc Trusice5 (2020- £Nill.
Transactions ivilh Triisiccs
Mr. T C Lovd is ilic lifc teiiani oftlie Lockinge Trusl and as such had an interesi in various purchases of g(y)d5
and servi¢es. including management, during Ihc }rar io a ioial of £367 00212020- £275.6341 inclusivc of VAT.
The purchases w¢re made on a nomial trading basi5.
No ¢xpcn5C5 werc rcitnburscd io ihc Trustees during the year12020- £Nill.
The amounis o%i'ed 10 Lockinge Trusi al (he year end are as sel out in note 4 on pag¢ 12.
8. TRANSACTIONS WITH AGENTS
Adkin, Chartered Surveyors, provided managemeni and ollier profe55ional 5¢rvi¢es amouniing 10 £26.500
in Ihe yL2r12020- £26,34il inclusivL of VAT.
9. TRANSACTIONS WITFI RELATED PARTIES
Thc Loyd Lindsa>, Rooms arc oiyncd by ihc Country Buildings Proi¢¢-.ion Trua, ofivhich Mr T C Loyd 15 Pr¢5id¢nl.
VFICT ha5 li¢ld Ih¢ir Tru51¢¢ M¢¢lings ai Lo)'d LInd￿Y Roorns Iv Ihe value of £Nil12020- £661.
Other administration c05t5 ar¢ £35 {2020- £280).
10. FINANCIAL ASSETS AND LIABILITIES
The charity has financial ass¢t5 and financial liabilities ola kind Ihai quèlify as basic financial instrunienis. These are
initiallly r¢rognised at transaction valu¢ and 5ubsequenily measiired ai iheir amortiscd c051.
Finan¢ial assets
2021
2020
Trade dcbiors
18,807
26,037
Tenanis. reni deposiis held by 3rd party (see noic 41
25,975
44,844
41,156
2021
2020
Bank loans & overdraft
404,000
2,164
404,000
2,234
Tradc crcditors
Other crtdiiors ILockin8c Trusi. AcLruals
Commcrcial and Tcnani rcni deposi1}
133,745
539.909
518.105

VILLAGE HOUSING C14ARITABLE TRUST
NOTCS TO THE FtN'ANCIAL STATEMENTS
Year 10 30 SLPtLIn￿.r 2021
I I. OBLIGATIONS UNDER OPERATING LEASES
The ioial of futurc mtiiimum l¢ase payment receivable by VHrf as a lessor is as folloivs..
2021
2020
Not laicr than one year
(A,042
66,743
64.042
66,743