## ## ## ## |Trustees:||Simon Foley||| |---|---|---|---|---| |||Kate McDonald||| |||John Weatmouth|(Resigned|7th June 2021)| |||Cynthia
Livesay||| |||Shirly Peacock|(Appointed|7th June 2021)| |Managing|Agents and|Durham Aged Mineworkers'|Homes Association|| |Principal|Office:|PO Box31||| |||The Grove||| |||168Front Street||| |||Chester le Street||| |||County Durham||| |||DH3 3YH||| |Bankers:||TSBBank pic||| |||Morpeth Branch||| |||Morpcth||| |||Northumberland||| |||NE61 1AN||| |Auditors:||Azets Audit Services||| |||Senior Statutory Auditor||| |||Bulman House||| |||Regent Centre||| |||Gosforth||| |||Newcastle upon Tyne||| |||NE3 3LS||| |Charity Number:||500818||| |Registered|Social|||| |Landlord|number:|A2635||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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|IAL P|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| ## ## ## |Land|||-Not depreciated|| |---|---|---|---|---| |Housing|Properties:|||| ||Building||- 100years straight|line| ||Roof||-40years straight|line| ||Wiring||-30years straight|line| ||Windows|BcDoors|-25 years straight|line| ||Bathroom||—20years straight|linc| ||Kitchen||- 15years straight|line| ||Heanng||- 15years straight|line| ||Stair Lift||- 10years straight|line| ## ## ## ## ## ## |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| ## |SOCIAL HOUSING GEANT||| |---|---|---| ||2022|2021| |||f.| |Cost||| |As at 1stApril|119,112|119,112| |Adrhtions
in year||| |Disposals||| |As at 31stMarch|119112|119112| |Aruorttsation||| |As at 1stApril
Charge in year|12,357
1,191|11,166
1,191| |As at 31st March|13,548|12,357| |As at 31st March|105,564|106,755| ## ## |||||||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| |12,DESIGNATED RESERVES||||| |---|---|---|---|---| ||Extraordinary|Cyclical||| ||Repairs|Repairs and|2022|2021| ||Fund|Maintenance|Total|Total| |As at 1stApril|186,757|72,151|258,908|249,245| |Transfer to Revenue Reserve||||| |lnveshnent
Revaluation|33,035||33,035|9,663| |As at 31stMarch|219,792|72,151|291,943|258,908| ## ## ||||2022|2021| |---|---|---|---|---| ||||Total|Total| |||||f.| |As at 1stApril|||494,991|483,075| |Transfer from designated|Reserves|||| |Surplus for the year|||10,880|11,916| |As at 31st March|||505,871|494,991| |14.ACCOMMODATION||IN MANAGEMENT||| ||||2022|2021| ||||Units|Units| |General needs housing|||10|10| ## ##