| INCOMING RESOURCES | NOTES | 2021 | 2020 f |
|
|---|---|---|---|---|
| Gross rent receivable Less voids and doubtful debts |
1(b)86 | 244,301 25,744 |
238,211 ~17,954 |
|
| Net rent receivable | 218,557 | 220,257 | ||
| RESOURCESEXPENDED | ||||
| Management and administrathje |
cost | 69,906 | 72,696 | |
| Service cost | 37,663 | 37,495 | ||
| Housing association charges | 61,477 | 59,359 | ||
| Total | 169,045 | 169,549 | ||
| Operating Surplus |
49,512 | 50,708 | ||
| Interest received | 1(b) &7 | 29 | ||
| Net Surplus forthe year | 49,540 | 50,808 | ||
| Revaluation Reserve |
||||
| Funds brought forward | 1,183,976 | 1,133,168 | ||
| Funds carried forward | R1433,516 | R1,183,976 |
| ?021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Operating | Surplus | 49/12 | 50,708 | |||
| Depreciation charge |
1/34 | 358 | ||||
| Change in debtors |
(9,791) | (135) | ||||
| Change in |
creditors | 9601 | (12,452) | |||
| Net cash | infiow Sera operating | activities | 50/56 | 38,479 | ||
| Returns on investments | and servicing of | |||||
| Snaace | ||||||
| Interest received | 29 | |||||
| Investing | Activities | |||||
| Purchase | ofother fixed assets | (5,098) | (1,218) | |||
| repaid | ||||||
| Net cash | inBovv before | Inancing | 45,488 | 37363 | ||
| Bnancing | ||||||
| Loans | ||||||
| Capital mpaid | ||||||
| Inrease | in cash | 45,486 | 37/63 | |||
| Cash and | cash equivalents | at 1 April | 187,298 | 149,935 | ||
| Cash and | cash equivalents | at31 | March | 232,784 | 187,288 |
| ' | ||||
|---|---|---|---|---|
| 2. | FNED ASSETS | Freehold | ||
| COSTOR VALUATION | ~Pre e+ | EcCulgmsntf | Total | |
| Opening balance |
18,949 | 868,949 | ||
| Additions forthe year | 5,098 | 5,098 | ||
| 850,000 | 24,047 | 874,047 | ||
| ACCUMULATED DEPRECIATION |
||||
| Opening balance |
17,875 | 17,875 | ||
| Charge forthe year | 1,234 | 1,234 | ||
| Closing balance | 19,109 | 19,109 | ||
| NET BOOK VALUE | ||||
| as at31stMarch 2021 | f850,000 | f4,938 | f854,938 | |
| asat31stMarch 2020 | f850,000 | 1,074 | f851,074 | |
| DEBTORS AND PREPAYMENTS | 2021 | 2020f | ||
| Rent arrears Less:Provision for doubtful debts |
152,321 31,321 |
139,981 ~31,321 |
||
| 121,000 | 108,660 | |||
| Long term loan | 44,412 | 44,412 | ||
| Other loans | ||||
| Other debtors and prepayments | 2,549 | |||
| f165,412 | f155,621 | |||
| 4 | CREDITORS AND ACCRUALS | 2021 f |
2020 f | |
| Sundry creditors and accruals | 19,618 | 10,018 |
| 2021 | 2020 | |
|---|---|---|
| RENT RECEIVABLE | f244,301 | f238,211 |
| OTHER INCOME | 2021 | 2020 |
| Interest Received | 29 | 100 |
| Other income | ||
| MANAGEMENT AND ADMINISTRATIVE COSTS |
2021 | ~20 |
| Salaries and wages | 48,144 | 46,026 |
| Advertising, printing, postage &stationery |
695 | 1,904 |
| Telephone | 2/25 | 2,134 |
| Travel and subsistence | 375 | 428 |
| Management Committee expenses |
280 | 300 |
| Volunteer and sundry expenses | 200 | 250 |
| Tfalring | 100 | 30 |
| Audit and accountancy | 950 | 950 |
| Insurance | 2,549 | 4,999 |
| Computer consumables | 373 | 954 |
| Depreciation | 1,234 | 358 |
| Bank charges and Interest | 200 | 331 |
| Legal and professional fees | 12,581 | 14,030 |
| R69,806 | f72,686 | |
| SERVICE COSTS | 2021 | 2020 |
| Counil tax | 9,470 | 9,113 |
| Water rates | 2,630 | 4/97 |
| Ught and heat | 14,416 | 16,705 |
| Repairs, renewals and dearing | 11147 | 7,379 |
| f37,663 | E37,495 | |
| HOUSING ASSOCIATION CHARGES | 61,477 | 59,359 |
| 10 | STAFFCOSTS | 2021 | 2020 | |
|---|---|---|---|---|
| The staff costs forthe period | are as follows: | |||
| Wages and salaries | 40,532 | 40,554 | ||
| Employers Na0onal Instance |
Contribution | 3,741 | 4,155 | |
| Pension contnbutions | 3,872 | 1,318 | ||
| Other costs | ||||
| 848,144 | 246,026 |