2022-03-31-accounts - The Hunter Memorial Homes Trust

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Key areas ofPerformance for the Charity over	time in relation to VFM a	re as follows:
Metric Return		2022	2021
Reinvestment		N/a	N/a
New Supply delivered. ' a) Social housing units		N/a	N/a
b) Non-social housing units Gearing Earnings before interest, taxation, depreciation Headline social housing costper unit	and amortisation	N/a 0% 0% 84,291	N/a 0% 0% 84,014
Operating margin: a) Social lettings only b) Overall italem lo od		-22.3% -22 3% -0.96%	-21.5% -21 5% -0.93%

STATEMENT OF COMPRE ForThe Year Ended 31stMa	HENSIVE INC rch 2022	OME
				2022		2021
				f
		Notes
TURNOVER Maintenance Charges Dividends and Interest Receivable Amortisation ofSocial Housing Grant		3(A) 3(A) 3(A)		43,571 20,855 1,191		41,596 21,100 1,191
				65,617		63,887
OPERATING COSTS
Auditor's Remuneration			3,424		3,060
Alanna
Deprematton ofProperties Heat and Light insurance s Management Maintenance			11,829 891 2,354 14,330 18,830		11,829 618 2,357 14,259 16,575
Subscnptions Sundry Water			509 30 2,540		501 240 2,532
		3(E)		(54,737)		(51,971)
NET SURPLUS FOR YEAR				10,880		11,916
OTHER RECOGNISED GAINS/(DEFICITS) IN THE YEAR		6		42,148		104,625
TOTAL COMPREHENSIVE	INCOME			53,028		116,541
FORTHE YEAR

STATEMENT OF FIN At 31stMarch 2022	ANC	OSITIO	N
			Notes		2022		2021
							f.
FIXEDASSETS Housing Properties - atCost					434,728		446,557
					434,728		446,557
Investments					619,184		562,316
					1,053,912		1,008,873
CURRENT ASSETS
Debtors				1,473		1,655
Cash at Bank				92,764		84,758
				94,237		86,413
CREDITORS: Amounts	falling due within
one year				(5,088)		4,062)
NET CURRENT ASSETS					89,149		82,351
TOTAL ASSETSLESS CURRENT		LIABILITIES			1,143,061		1,091,224
CREDITORS: Amounts	falling due after		9		(105,564)		(106,755)
one year
TOTAL NET ASSETS					1,037,497		984,469
RESERVES Permanent Endowments Investment Revaluanon	Reserve				197,702 41,981		194,007 36,563
Designated Reserves: Cyclical Mmntenance Fund Extraordinary Repairs Fund			12 12		72,151 219,792		72,151 I86,757
Revenue Reserve			13		505,871		494,991
					1,037,497		984,469

For The Year Ended 3	1st March 2022
		Permanent	Unrestricted	Designated	Revenue	Total
			Investment
			Revaluation
			Reserve
BALANCE AT 3 I MARCH 2020		113,027	22,581	249,245	483,075	867,928
Surplus from statement	ofcomprehensive				11,916	11,916
income year ended 31March 2021—Total
Comprehenstve Income
Unrealised revaluation	surplus	80,980	13,982	9,663		104,625
BALANCE AT 31MARCH 2021		194,007	36,563	258,908	494,991	984,469
Surplus from statement ofcomprehensive income year ended 31March 2022—Total					10,880	10,880
Comprehensive Income
Unrealised revaluation	surplus	3,695	5,418	33,035		42,148
BALANCE AT 31MARCH 2022		197,702	41,981	291,943	505,871	1,037,497

NOTES TO THE FINANCIAL STATEM For The Year Ended 31stMarch 2022	ENTS
2.SURPLUS FOR THE YEAR			2022 I	2021
The surplus for the year is after charging: Depreciation on Tangible Owned Assets Amortisation ofSocial Housing Grant			11,829 (1,191)	11,829 (1,191)
Auditor's Remuneration:
In their capacity as auihtors			2,700	2,600
3(A). PARTICULARS OFTURNOVER, AND OPERATING SURPLUS	OPERATING COSTS			Operating
			Operating	(Deficit) /
YEAR END 2022		Turnover	Costs	Surplus f
INCOME FROM LETTINGS Housing Accommodation Amortisation ofSocial Housing Orant	Note 3(B)	43,571 1,191 44,762	(54,737) (54,737)	(11,166) 1,191 (9,975)
OTHER INCOME AND EXPENDITURE
Dividends and Interest Receivable		20,855		20,855
TOTAL		65,617	(54,737)	10,880
				Operating
			Operating	(Deficit) /
YEAR END 2021		Turnover	Costs f	Surplus
INCOME PROM LETTINGS
Housing Accommodation Amortisation ofSocial Housing Grant	Note 3(B)	41,596 1,191 42,787	(51,971) (51,971)	(10,375) 1,191 (9,184)
OTHER INCOME AND EXPENDITURE Dividends and Interest Receivable		21,100		21,100
TOTAL		63,887	(51,971)	11,916

NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31st March 2022
3(B).INCOME FROM LKTTINGS	2022	2021
Service Charges Receivable net ofvoids Amortisation ofSocial Housing Grant Net Rents Receivable	43,571 1,191 44,762	41,596 1,191 42,787
Total Income from Lettings	44,762	42,787
Expenditure On Letting Activities: Auditor's Remuneration	3,424	3,060
Depremation Management Major Repairs Services Subscriptions	11,829 14,330 18,830 5,815 509	11,829 14,259 16,575 5,747 501
Total Expenditure on Lettings	(54,737)	(51,971)
Operating Deficit On Letting Activities	(9,975)	(9,184)
		(1,255)

Total staff costs were as follows:			2022	2021
Wages and salaries
Social security costs
Particulars ofemployees: The average number ofemployees	during the year, calculated on the basis offull-time	equivalents,	was ss follows: 2022	2021
			f	I

5TANGIBLEASSETS
.	2022	2021
	I
	Housing	Housing
	Land	Land
	and Buddmgs	and Buildings
Cost
As at 1st April	609,371	609,371
Additions
Disposals
As at 31stMarch	609,371	609,371
Depreciation As at 1stApril Charge for the year	162,814 11,829	150,985 11,829
Released on Disposal
As at 31st March	174,643	162,814
Net BookValue as at 31stMarch	434,728	446,557
6.INVESTMENTS	2022	2021
	f.	f.
Market Value:
As at 1st April Additions	562,316 14,720	442,044 15,647
Disposals at opening book value Investment Revaluation	42,148	104,625
As at 31stMarch	619,184	562,316

NOTES TOTHE FINANCIAL ST For The Year Ended 31stMarch 2	ATEMENTS 022
6.INVKSTMKNTS (Continued)				2022 6	2021
(a) RESTRICTED ORDESIGNATED FUND INVESTMKNTS —Endowment Funds			Nominal
			Holding
Thomas Pye's Charity, (Incorporating Special Range Unit Trust NAACIF,	Charles Alderson's Income Units	Bequest)	1,836	1,686	1,577
Market Value				1,686	1,577
The Hunter Memorial Homes Trust, Special Range Unit Trust NAACIF, Charifund Income Units	Income Units		24,750 1,9G2	22,740 30,994	21,2GO 28,889
Market Value				53,734	50,149
Designated Funds: -Extraordinary	Repairs Fund		Nominal
			Holding
Special Range Unit Trust NAACIF, Accumulation Units			4539	483264	435,508
Market Value				483,264	435,508
(b) UNRESTRICTED FUND INVESTMENTS			Nommal
-Surplus Income:			Holding
National Savings Account Charifund Income Units			5,049	740 79,760	740 74,342
Market Value				80,500	75,082
Total Market Value at End ofYear	(As Above)			619,184	562,316
Historic Cost: As at 1stApril				290983	290 972 11
Additions
Disposals
As at 31stMarch				290983	290983

ForThe Year Ended 31	st March 2022	st March 2022	st March 2022
7.DKBTORSr Amounts	falling due within one year			2022	2021 f.
Service Charges Receivable				439
Other Debtors Prepayments				1,034	1,015
				1,473	1,655
8.CREDITORS: Amounts		falling due within	one year	2022	2021
Service Charges Prepaid Trade Creditors Other Creditors				193 1,558 3,337	190 488 3,384
				5,088	4,062

						2022	2021
						I
In five years or more						105,564	106,755
11.ENDOWMENT	AND REVALUATION		RESERVES
					Unrestncted
				Permanent	Revaluation	2022	2021
				Endowments f.	Reserve	Total I	Total f
As at 1stApril				194,007	36,563	230,570	135,608
Transfer to Designated		Reserves
Transfer to Restricted		Reserves
Transfer from (to) Revenue Reserves
Investment Revaluation				3,695	5,418	9,113	94,962
As at 31stMarch				197,702	41,981	239,683	230,570