2023-03-31-accounts - Durham Action On Single Housing Ltd

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		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	13
Statement ofFinancial Activities		14
Balance Sheet		15
Cash Flow Statement		16
Notes to the Cash Flow Statement		17
Notes to the Financial Statements	18	to	30
Detailed Statement ofFinancial Activities		31

indicators		below and are den	oted with a	.
Business		Health
			2021/22	2022/23	Quartile	Median	Quartile	Quartile
					I		3	Performance
Operating		margin
(overall)	o		41.62o/o	7.35o/o	12 70o/o	20 20o/o	25.90'/o	Bottom
Operating		margin (social
housing	lettings)o		41 62o/o	4.02'/o	15.00'/o	22.20o/o	28.10o/	Bottom
EBITDA		MRI (as '/o
interest)*			N/A	N/A	121.50/o	181.90/o	248.50/o	N/A

Development	(Capacity 8c	Supply)
		2021/22	2022/23	Quartile I	Median	Quartile	Quartile
						3	Performance
Units developed
(absolute)
New Supply	Delivered %"	15.38%	0.00%	0.00%	1.20%	2.10%	Bottom
Gearing %s		N/A	N/A	1900%	35.80%	48.60%	N/A

			2021/22	2022/23	Quartile I	Median	Quartile	Quartile
							3	Performance
Return on employed	capital (ROCE)	%"	19,59%	I 35%	2.00%	2.80%	3.70%	Bottom
Occupancy			76.73%	86.00%	98.90%	99.50%	99.90%	Bottom
Ratio ofresponsive		repairs
to planned	maintenance		N/A	N/A	0.51	0.71	0.98	N/A

Strategic Financial Operating	report review Efficiencies
		2021/22	2022/23	Quartile I	Median	Quartfie	Quartile
						3	Performance
Headline	social housing
cost per unit K		610,451	815,145	83,658	84,230	85,519	Top
Overheads	as %adjusted
turnover		N/A	N/A	120%	149%	189%	N/A

				for the Year	Ended 31March	2023
							31/3/23	31/3/22
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	8
Income and endowments			from
Donations	and legacies			3	12,554		12,554	44,670
Charitable	activities			5
Charitable	activities				39,712	666,546	706,258	951,256
Investment	income			4	~7064		~7064	~6523
Total					~59 330	~666 546	~725 876	~1002449
Expenditure on
Charitable	activities
Charitable	activities				51,908	644,782	~696690	585,254
NET INCOME Transfers between		funds		19	7,422 ~43 559	21,764 ~43,559)	29,186	417,195
Net movement in funds					50,981	(21,795)	29,186	417,195
Reconciliation offunds
Total funds	brought	forward			2,084,405	44,768	2,129,173	1,711,978
Total funds carried		forward			~2135386	~22 973	~2158359	~2129 173

		1	March 2023
					31/3/23	31/3/22
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		8
Fixed assets
Tangible assets		13	936,005		936,005	1,132,518
Current assets
Stocks		14	124		124	87
Debtors Cash at bank	and in hand	15	62,631 ~1190665	~22 973	62,631 1 213638	66,681 ~1004,276
			1,253,420	22,973	1,276,393	1,071,044
Creditors
Amounts falling due within one year		16	(48,354)		(48,354)	(49,017)
Net current	assets		~1205066	22,973	~1,228039	~1022,027
Total assets	less current liabilities		2,141,071	22,973	2,164,044	2,154,545
Deferred income		18	(5,685)		(5,685)	(25,372)
NET ASSETS			~2135 386	~22 973	~2158,359	~2129 173
Funds		19
Unrestricted funds Restricted funds					2,135,386 22,973	2,084,405 ~44 768
Total funds					~2158359	2,129,173

	DU AM	ACTION 0	LIMITED
		Cash	Flow Statement
		for th	Ended 31March 2
			31/3/23	31/3/22
		Notes
Cash flows from operating activities Cash generated &om operations			~31264	~144651
Net cash provided by operating activides			~31264	~144651
Cash flows from investing	activities
Purchase oftangible fixed assets			(10,966)	(78,015)
Saleoftangible fixed assets Interest received			182,000 7064	~6523
Net cash provided by/(used	in) investing	activities	~178098	~71,492)
Change in cash and cash equivalents the reporting period		in	209,362	73,159
Cash and cash equivalents beginning ofthe reporting	at the period		~1004276	~931117
Cash and cash equivalents	at the end	of
the reporting period			~1213638	1 004276

					31/3/23	31/3/22
	Net income Activities)	for the	reporting	period (as per the Statement ofFinancial	29,186	417,195
	Adjustments	for:
	Depreciation charges Interest received				1,348 (7,064)	847 (6,523)
	Deficit on disposal (Increase)/decrease		offixed assets in stocks		24,131 (37)	135
	Decrease/(increase)		in debtors		4,050	(28,690)
	Decrease in	creditors			@20,350)	(238,313)
	Net cash provided		by operations		31,264	144,651
2.	ANALYSIS	OFCHANGES		IN NET FUNDS
				At 1/4/22	Cash flow	At 31/3/23
	Net cash
	Cash at bank	and in	hand	~1004276	~209362	1213638
				~1004,276	~209 362	~1213638
	Total			1,004,276	209,362	1,213,638

31/3/23	31/3/22
12,554	~44 670

INVES	TMENT	INCOME
			31/3/23	31/3/22
Deposit	account	interest	7,064	~6523

INCOME	FROM CHARITABLE ACTIVITIES
		31/3/23	31/3/22
		Charitable	Total
		activities	activities
		6
Rents receivable		305,221	302,145
Service charges		23,778	25,130
Supporting	people funding	339,643	327,441
Grant Sundry income		37,361 255	295,203 ~1337
		~706258	~951256

		Direct	Support
		Costs (see	costs (see
		note 7)	note 8)	Totals
			8
Charitable	activities	691,534	~5156	696,690

	DIRECT COSTS OF	CHARITABLE ACTIVITIES
			31/3/23	31/3/22
	Staffcosts		426,082	372,843
	Housing management Housing services Personal services		103,897 31,915 20,852	100,220 28,599 33,305
	Administrative costs		76,589	38,540
	Other costs		8,068	5,763
	Deficit on sale ofassets		24,131
			691,534	579,270
8.	SUPPORT COSTS
				Governance
				costs
	Charitable activities			5,156
	Support costs, included	in the above, are as follows:	31/3/23	31/3/22
			Charitable	Total
			activities	activities
	Auditors' remuneration		5,156	5,984
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
			31/3/23	31/3/22
	Auditors' remuneration		5,156	5,984
	Depreciation - owned assets Deficit on disposal offixed assets		1,348 24,131	847

STAFF COSTS
			31/3/23	31/3/22 I
Wages and salaries Social security costs Other pension costs			393,150 25,743 7,189	340,447 24,308 ~8088
			~426 082	372,843
The average monthly	number ofemployees	during the year was as follows:
			31/3/23	31/3/22
Charitable activities			15	13
Management and administration			3	5
			18	18

COMPARATIVKS FOR	THE STATEMENT	OFFINANCIAL ACTIVITIE	S
		Unrestricted	Restricted	Total
		funds	funds	funds
Income and endowments	from
Donations and legacies		44,546	124	44,670
Charitable activities
Charitable activities		154,404	796,852	951,256
Investment income		~6523		~6523
Total		205,473	~796 976	~1002449
Expenditure on
Charitable activities Charitable activities		~39408	545,846	585,254
NET INCOME		166,065	251,130	417,195
Transfers between funds		220,978	~220,978)
Net movement in funds		387,043	30,152	417,195
Reconciliation offunds
Total funds brought forward		1,697,362	14,616	1,711,978
Total funds carried forward		~2084 405	44,768	2,129,173

TANGIBLE FIXEDASSETS
	Social		Assets in
	housing	Freehold	course of
	properties	property	construction
COST
At I April 2022 Additions	613,975	200,000	325,858 7,065
Disposals Reclassification	(206,131) 324,407		(8,516) ~324407)
At 31March 2023	~732 251	~200 000
DEPRECIATION
At I April 2022			8,516
Charge foryear
Eliminated on disposal
At 31March 2023
NET BOOK VALUE
At 31March 2023	732,251	200,000
At 31March 2022	1 613975	200 000	317,342

TANGIBLE FIXEDASSETS - continued
		Fixtures,
		fittings
	Motor	and
	vehicles	equipment	Totals
	g		6
COST
At 1 April 2022	14,020	22,422	1,176,275
Additions		3,901	10,966
Disposals		(8,930)	(223,577)
Reclassification
At 31March 2023	14020	~17393	~963664
DEPRECIATION
At 1 April 2022	14,020	21,221	43,757
Charge foryear Eliininated on disposal		1,348 ~8938	1,348 ~17446)
At 31March 2023	~14020	~13639	~27 659
NET BOOK VALUE
At 31March 2023		3 754	936005
At 31March 2022		1,201	~1132518

STOCKS
		31/3/23	31/3/22
		8
Stocks		124	87
DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
		31/3/23	31/3/22
Trade debtors		1,381	3,222
Prepayinents	and accrued income	~61 250	63,459
		62,631	~66 681

CREDITORS	: AMOUNTS FALLING DUE WITHIN	ONE YEAR
		31/3/23	31/3/22
Trade creditors		27,505	31,181
Social security Other creditors	and other taxes	7,662 1,190	6,908 1,086
Accruals and deferred income		11,997	9,842
		~48 354	49,017

	Minimum	lease payments under non-cancellable operating	lenses fall due as follows;
			31/3/23	31/3/22
	Within one year Between one and five years		15,013	17,045 2,050
			15,013	19,095
18.	DEFERRED INCOME
			31/3/23	31/3/22
			6
	Deferred	income	5,685	25,372
			31/3/23	31/3/22
	As at 1 April Additions during the year Amounts released during the year		25,372 5,685 ~25 372)	213,896 12,324 ~200,853)
	As at 31	March	~5685	25,372

MOVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1/4/22	in funds	funds	31/3/23
Unrestricted funds
General fund Fixed Asset Designated	Fund		1,789,202 ~295 203	7,422	38,762 ~4797	1,835,386 300,000
			2,084,405	7,422	43,559	2,135,386
Restricted funds
Harry Mears House Vulnerable Women's Project			2,077	24,810 (30,957)	(26,887) 30,957
Private Landlord Partnership			7,757	13,573	(21,330)
Long Term Support and Volunteer Co-ordinator	Other Properties		26,313	(14) 18,234	(26,299)	18,234
Durham Police Fund			4,217	(267)		3,950
Welcome Packs Health and Wellbeing			1,176 3,228	(602) ~3,013)		574 215
			44 768	~21764	~43,559	22973
TOTAL FUNDS			~2 129173	~29 186		~2158,359
Net movement in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				59,330	(51,908)	7,422
Restricted funds
Harry Meara House				141,693	(116,883)	24,810
Vulnerable Women's Project				270,185	(301,142)	(30,957)
Private Landlord Partnership				90,704	(77,131)	13,573
Long Term Support and Volunteer Co-ordinator	Other Properties			133,103 30,861	(133,117) (12,627)	(14) 18,234
Durham Police Fund					(267)	(267)
Welcome Packs Health and Wellbeing					(602) ~3,013)	(602) ~3013)
				~666 546	(644,782)	21,764
TOTAL FUNDS				725,876	~696,690)	29,186

MOVEMENT IN FUNDS -c	MOVEMENT IN FUNDS -c	MOVEMENT IN FUNDS -c	ontinued
Comparatives for movement			in funds
					Net	Transfers
					movement	between	At
				At 1/4/21	in funds 6	funds	31/3/22 f
Unrestricted funds
General fund				1,697,362	166,065	(74,225)	1,789,202
Fixed Asset Designated	Fund					295,203	295,203
				1,697,362	166,065	220,978	2,084,405
Restricted funds
Harry Mears House Vulnerable Women's Project Private Landlord Partnership Long Term Support and Other Hudson House			Properties	6,021	2,077 (124,722) 7,757 70,815 295,203	124,722 (50,523) (295,203)	2,077 7,757 26,313
Durham Police Fund				4,217			4,217
Welcome Packs				1,176			1,176
Health and Wellbeing				3202		26	3,228
				14,616	~251 130	~220,978)	~44 768
TOTAL FUNDS				~1,711978	~417 195		~2129173
Comparative net movement		in	funds, included	in the above are	as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					g
Unrestricted funds
General fund					205,473	(39,408)	166,065
Restricted funds
Harry Meara House Vulnerable Women's Project Private Landlord Partnership Long Term Support and Other Hudson House			Properties		124,352 147,965 94,275 135,181 295,203	(122,275) (272,687) (86,518) (64,366)	2,077 (124,722) 7,757 70,815 295 203
					~796976	545,846	~251 130
TOTAL FUNDS					~1 002 449	~585 254)	~417 195

A current year 12month	s	and prior year 12months	combined	position is as fo	llo	ws:
				Net		Transfers
				movement		between	At
			At 1/4/21	in funds		funds	31/3/23
Unrestricted funds
General fund			1,697,362	173,487		(35,463)	1,835,386
Fixed Asset Designated	Fund					300,000	300,000
			1,697,362	173,487		264,537	2,135,386
Restricted funds
Harry Meara House				26,887		(26,887)
Vulnerable Women's Project				(155,679)		155,679
Private Landlord Partnership				21,330		(21,330)
Long Term Support and		Other Properties	6,021	70,801		(76,822)
Hudson House				295,203		(295,203)
Volunteer Co-ordinator				18,234			18,234
Durham Police Fund			4,217	(267)			3,950
Welcome Packs Health and Wellbeing			1,176 3,202	(602) ~3,013)		26	574 215
			14,616	272,894		~264,337	22,973
TOTAL FUNDS		1,711,97$		446 381			~2158359
A current year 12months		and prior year 12months	combined	net movement	in	funds, included	in the above a
as follows:
				Incoming		Resources	Movement
				resources		expended	in funds
							6
Unrestricted funds
General fund				264,803		(91,316)	173,487
Restricted funds
Harry Meara House				266,045		(239,158)	26,887
Vulnerable Women's Project				418,150		(573,$29)	(155,679)
Private Landlord Partnership				184,979		(163,649)	21,330
Long Term Support and		Other Properties		268,284		(197,483)	70,801
Hudson House				295,203			295,203
Volunteer Co-ordinator				30,861		(12,627)	18,234
Durham Police Fund						(267)	(267)
Welcome Packs Health and Wellbeing						(602) ~3013)	(602) ~3,013)
				1~463,522		(1~190628	~272 894
TOTAL FUNDS				1~728325		(1~281944)	~446 381

tement o
	31/3/23	31/3/22
Income and endowments
Donations and legacies
Donations	12,554	44,670
Investment income
Deposit account interest	7,064	6,523
Charitable activities
Rents receivable	305,221	302,145
Service charges Suppornng people funding Grant	23,778 339,643 37,361	25,130 327,441 295,203
Sundry income	255	1,337
	~706 258	~951256
Total incoming resources	725,876	1,002,449
Expenditure
Charitable activities
Wages Social security	393,150 25,743	340,447 24,308
Pensions	7,189	8,088
Housing management Housing services Personal services	103,897 31,915 20,852	100,220 28,599 33,305
Administrative costs	76,589	38,540
Other costs	8,068	5,763
Loss on sale oftangible fixed assets	24,131
	691,534	579,270
Support costs
Governance costs
Auditors' remuneration	5,156	5,984
Total resources expended	~696 690	585,254
iVet income	~29 186	~417 195