b'CHP financial statements 2020/2021Financial statementsConsolidated statement of changes in reserves Company statement of changes in reservesIncome andRevaluationCash flowIncome andRevaluationCash flow expenditurereserve hedgeTotal expenditurereserve hedgeTotalreserve reserve reserve reserve000 000 000 000 000 000 000 000Balance as at 1 April 2019 38,946 158,014 (47,527) 149,433 Balance as at 1 April 2019 42,478 158,014 (47,527) 152,965Transfer from cashflow hedge reserve to income and expenditure reserve 1,156 - (1,516) - Transfer from cashflow hedge reserve to income and expenditure reserve 1,516 - (1,516) -Surplus for the year from statement of comprehensive income (3,761) - - (3,761) Surplus for the year from statement of comprehensive income (2,274) - - (2,274)Other comprehensive income Other comprehensive incomeRemeasurement of the net defined benefit pension liability 2,306 - - 2,306 Remeasurement of the net defined benefit pension liability 2,306 - - 2,306Gains/(losses) recognised on cashflow hedges - - (6,670) (6,670) Gains/(losses) recognised on cashflow hedges - - (6,670) (6,670)Transfer from revaluation reserve to income and expenditure reserve 2,211 (2,211) - - Transfer from revaluation reserve to income and expenditure reserve 2,211 (2,211) - -Balance at 31 March 2020 41,218 155,803 (55,713) 141,308 Balance at 31 March 2020 46,237 155,803 (55,713) 146,327Balance at 1 April 2020 41,218 155,803 (55,713) 141,308 Balance at 1 April 2020 46,237 155,803 (55,713) 146,327Transfer from cashflow hedge reserve to income and expenditure reserve - - - - Transfer from cashflow hedge reserve to income and expenditure reserve - - - -Surplus from statement of comprehensive income 5,387 - - 5,387 Surplus from statement of comprehensive income 5,414 - - 5,414Other comprehensive income Other comprehensive incomeRemeasurement of the net defined benefit pension liability (6,196) - - (6,196) Remeasurement of the net defined benefit pension liability (6,196) - - (6,196)Gains/(losses) recognised on cashflow hedges - - 14,609 14,609 Gains/(losses) recognised on cashflow hedges - - 14,609 14,609Transfer from revaluation reserve to income and expenditure reserve 2,159 (2,159) - - Transfer from revaluation reserve to income and expenditure reserve 2,159 (2,159) - -Balance at 31 March 2021 42,568 153,644 (41,104) 155,108 Balance at 31 March 2021 47,614 153,644 (41,104) 160,154The accompanying notes form part of these The cash flow hedge reserve represents the cumulativeThe accompanying notes form part of these The cash flow hedge reserve represents the cumulative financial statements.portion of gains and losses on hedging instrumentsfinancial statements.portion of gains and losses on hedging instruments The revaluation reserve represents the cumulative effectdeemed effective.The revaluation reserve represents the cumulative effectdeemed effective. of revaluations of the housing properties up to the dateThe 1,516k transfer in 2019/2020 from the cash flowof revaluations of the housing properties up to the dateThe 1,516k transfer in 2019/2020 from the cash flow of transition when the deemed cost exemption was taken.hedge reserve to the income and expenditure reserveof transition when the deemed cost exemption was taken.hedge reserve to the income and expenditure reserve The difference between the revalued carrying amountreflects a change in the estimation method for our The difference between the revalued carrying amountreflects a change in the estimation method for ourof properties and the historical cost net book value ishedged instruments.of properties and the historical cost net book value ishedged instruments. credited to the revaluation reserve.credited to the revaluation reserve. The income and expenditure reserve holds theThe income and expenditure reserve holds the accumulated surpluses and deficits from the statement accumulated surpluses and deficits from the statementof comprehensive income.of comprehensive income. 42 43'