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|INCOMING RESOURCES||NOTES|2021|2020<br>f|
|---|---|---|---|---|
|Gross rent receivable<br>Less voids and doubtful debts||1(b)86|244,301<br>25,744|238,211<br>~17,954|
|Net rent receivable|||218,557|220,257|
|RESOURCESEXPENDED|||||
|Management<br>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<br>Surplus|||49,512|50,708|
|Interest received||1(b) &7|29||
|Net Surplus forthe year|||49,540|50,808|
|Revaluation<br>Reserve|||||
|Funds brought forward|||1,183,976|1,133,168|
|Funds carried forward|||R1433,516|R1,183,976|









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||||||?021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Operating|Surplus||||49/12|50,708|
|Depreciation<br>charge|||||1/34|358|
|Change<br>in debtors|||||(9,791)|(135)|
|Change<br>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|





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|'|||||
|---|---|---|---|---|
|2.|FNED ASSETS|Freehold|||
||COSTOR VALUATION|~Pre e+|EcCulgmsntf|Total|
||Opening<br>balance||18,949|868,949|
||Additions forthe year||5,098|5,098|
|||850,000|24,047|874,047|
||ACCUMULATED<br>DEPRECIATION||||
||Opening<br>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<br>Less:Provision for doubtful debts|152,321<br>31,321|139,981<br>~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<br>f||2020 f|
||Sundry creditors and accruals|19,618||10,018|





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||2021|2020|
|---|---|---|
|RENT RECEIVABLE|f244,301|f238,211|
|OTHER INCOME|2021|2020|
|Interest Received|29|100|
|Other income|||
|MANAGEMENT<br>AND ADMINISTRATIVE COSTS|2021|~20|
|Salaries and wages|48,144|46,026|
|Advertising,<br>printing, postage &stationery|695|1,904|
|Telephone|2/25|2,134|
|Travel and subsistence|375|428|
|Management<br>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|





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|10|STAFFCOSTS||2021|2020|
|---|---|---|---|---|
||The staff costs forthe period|are as follows:|||
||Wages and salaries||40,532|40,554|
||Employers<br>Na0onal Instance|Contribution|3,741|4,155|
||Pension contnbutions||3,872|1,318|
||Other costs||||
||||848,144|246,026|