2023-03-31-accounts - Wordsley Housing Society

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REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE	REFERENCE AND ADMINISTRATIVE
Auditors
I W Hinks LLP
Chartered Accountants
and Statutory		Auditors
19Highfield	Road
Edgbaston
Birmingham
0193BH
Solicitors
Higgs LLP
3Waterfront		Business Park
Brierley Hill
West Midlands
DYS 1LX
Bankers
Uoyds Bank	pic
134High Street
Stourbridge
West Midlands
Dyg SAF

					2023	2022
			Unrestricted	Restdcted	Total	Total
		Notes	funds E	funds E	funds	fundsf
INCOME AND ENDOWMENTS	FROM
Charitable activities
Grants receivable						51,542
Fees receivable forcare and support			458,201		458,201	465,621
Rent and service charges			417,167		427,167	361,084
Investment income		2	7/96		7,296	6,964
Otherincome						23
Total			882,664		882,664	885,234
EXPENDITURE ON
Charitable activities
Charitable activities			7402I31		740,831	712,465
Support costs			152,116		152,116	121,937
Total			$92,947		892,947	834,402
Net gains/(losses) on investments			(15,933)		(15,933)	4,742
NET INCOME/(EXPENDITURE)			(26,216)		(26,216)	55,574
RECONCILIATION OF FUNDS
Total funds brought forward					S07,445	451,871
TOTAL FUNDS CARRIED FDRWARD			481,229		481,229	507,445

					2023	2022
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	f	E	E	E
FIXEDASSETS
Tangible assets		12	1,770		1,770	2,655
Investments		13	147,323		147,323	163,256
			149,093		149,093	165,911
CURRENT ASSETS
Debtors		14	50,044		50,044	56,324
Cash at bank	and in hand		331,430		331,430	315,394
			381,474		381,474	371,718
CREDITORS
Amounts falling due within one year		15	(49,338)		(49,338)	(30,184)
NET CURRENT ASSETS			332,136		332,136	341,534
TOTAL ASSETS LESSCURRENT LIABILITIES			481,229		481,229	507,445
NET ASSETS			481,229		481,229	507,445
FUNDS		17
Unrestricted	funds				481,229	507,445
TOTALFUNDS					481,229	507,445

				2023	2022
			Notes	E	f
Cash Rows from operating	activities
Cash generated from operations				8,740	(1,960)
Net cash provided by/(used	in) operating		activities	8,740	(1,960)
Cash flows hom Investing	activities
Purchase oftangible fixed	assets				(216)
Purchase ofcurrent asset investments				(4,742)	(32,767)
Sale ofcurrent asset invest	ments			4,742	33,000
Interest received				7,296	6,964
Net cash provided by investing activities				7,296	6,981
Change in cash and cash equivalents		In the
reporting period				16,036	5,021
Cash and cash equivalents	at the beginning
ofthe reporting period				315,394	310,373
Cash and cash equivalents	atthe end	ofthe
reporting period				331,430	315,394

RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				2023		2022
				6		f
Net (expenditure)/income		forthe reporting period	(asper the Statement
ofFinancial Activities)				(26,216)		55,574
Adjustments for:
Depreciation charges				885		1,328
Losses/(gain) on investments				15,933		(4,742)
Interest received				(7,296)		(6,964)
Decrease/(increase)	in debtors			6,280		(2,409)
Increase/(decrease)	In creditors			19,154		(44,747)
Net cash provIded	by/(used	In) operations		8,740		(1,960)
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.4.22	Cash flow	At	31.3.23
			E	E		6
Net cash
Cash at bank and in hand			315,394	16,036		331/I30
			315,394	16,096		331/I30
Total			315,394	16,036		331,430

INVESTMENT	INVESTMENT	INCOME
			2023	2022
			6	6
Bank interest		receivable	3,126	3,498
Dividends	received		4,170	3,466
			7,296	6,964

INCOME FROM CHARITA	BLE AC	TIVITIES
				2023	2022
		Actlvhy		6	E
Grants receivable		Grants receivable			51,542
Fees received from residents		Fees receivable forcare and support		458,201	465,621
Fees received from residents		Rent and service charges		417,167	361,084
				875,368	878,247
Grants received, included	in the	above, are as follows:
				2023	2022
				E	E
Dudley MBC					49,623
Grants under 61,000					1,919
					51,542
CHARITABLE ACTIVITIES	COSTS
			Direct	Support
			Costs (see	costs (see
			note 5) f	note 6) f	Totals f
Charitable activities			740,831		740,8M
Support costs				152,116	152,116
			740,831	152,116	392,947

			2023	2022
			f	f
Staffcosts			531,926	536,076
Hire ofequipment			11,636	10,666
Rent, rates and water			88,930	53,698
Light and heat			20,523	22,059
Repairs and maintenance			19,161	16,686
Insurance			7,469	5,783
Covid-19 expenditure				5,085
Food costs			48,687	47,232
Cleaning costs			7,867	10,344
Recreational and occupational			3,518	3,447
Motor and travel			229	61
Depreciation			885	1,328
			740,831	712,465
SUPPORT COSTS
			Governance
	Other	Other 2	costs	Totals
	f	f	f	f
Support costs	131,237	15,179	5,700	152,116

Support costs, included in the above, are as follows:
	2023	2022
	Support	Total
	costs	activities
	f	f
Wages	76,963	64,169
Socialsecurity	8,524	6,414
Pensions	13,398	13,380
General expenses	4,210	4,772
Legal and professional	5.859	5,197
Telephone	4,306	3,075
Subscriptions	3,679	3,151
Security	2,844	2,885
Printing, postage and stationery	4,918	7,314
Stafftraining costs	6,312	7,980
Bad debts	224
Carried forward	131,237	218,337

		2023	2022
		Support	Total
		costs	activities
		E	E
Broughtforward		131,237	118,337
Exceptional items - redundancy		15,179
Auditors'	remuneration	5,700
		152,116	121,937

	2023	2022
	6	6
Auditors' remuneration	5,700	3,600
Depreciation - owned assets	885	1,328
Other operating leases	11,636	10,666

STAFF COSTS
				2023	2022
				E	E
Wages and salaries				585,293	579,076
Social security costs				32,120	27,583
Other pension costs				13,398	13,380
				630,811	620,039
The average monthly	number	ofemployees	during the year was as follows:
				2023	2022
Management, administration		and support		39	40

TANGIBLE FIXED ASSETS
	Fixtures
	and	Computer
	fittings E	equipment E	Totals f
COST
At 1April 2022 and 31March 2023	100,660	14,711	115,371
DEPRECIATION
At 1April 2022	98,005	14,711	112,716
Charge for year	885		885
At 31March 2023	98,890	14,711	113,601
NET BOOK VALUE
At 31March 2023	1,770		1,770
At 31March 2022	2,655		2,655
FIXEDASSET INVESTNIENTS
		2023	2022
		6	E
Investments		147,323	163,256

	2023	2022
	E	E
Brought forward	163,256	158,747
Adjustments/Transfers		(233)
Revaluations	(15,933)	4,742
	147,323	163,256

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YE	AR
	2023	2022
	E	E
Trade debtors	35,401	49,915
Accrued income	72I00	6,280
Prepayments	6,843	129
	50,044	56,324

CREDITORS: A	MOUNTS FALLING DUE WITHIN ONE YEAR
		2023	2022
		6	E
Trade creditors		7,371	826
Socialsecurity	and other taxes	8,370	7,189
Other creditors		11,639	4,532
Accrued expenses		21,958	17,637
		49,338	30,184

	2023	2022
	E	f
	95,975	85,393
Within one year	285,660	338,249
Between one and five years
	381,635	423,642

MOVEMEN	T IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.22	in funds	funds	31.3.23
		E	E	E	E
Unrestricted	funds
General fund		57p205	(25,581)	(395)	31,229
Designated	fund - Fundraising	240	(635)	395
Designated	fund - Reserves fund	450,000			450,000
		507pe	(26,216)		481,229
TOTAL FUNDS		507,445	(26x)26)		481,229

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		882,664	(892,312)	(15,933)	(25,581)
Designated fund - Fundraising			(635)		(635)
		882,664	(892,947)	(15,933)	(26,216)
TOTAL FUNDS		882,664	(892,947)	(25ri33)	(26,216)

			Net
			movement	At
		At 1.4.21	in funds	31.3.22
		f	f	f
Umestrlcted	funds
General fund		1,340	55,865	57,205
Designated	fund - Fundraising	531	(291)	240
Designated	fund - Reserves fund	450,000		450,000
		451,871	55,574	507,445
TOTALFUNDS		451,871	55,574	507,445

		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses f	in funds f
Unrestricted funds
General fund		833,692	(782,569)	4,742	55,865
Designated fund —Fundraising			(291)		(291)
		833,692	(782,860)	4,742	55,574
Restricted funds
Workforce Capacity Grant through	Dudley
CVSpaid for by Dudley MBC		9,954	(9 '954)
Infection Protection Control		3,783	(3,783)
Rapid Test Fund		9,861	(9,861)
Infection Control and Testing		9,343	(9,343)
Discretionary Testing Fund		8,174	(8,174)
Vaccine Grant		427	(427)
Workforce Capacity Fund DCVS		10,000	(10,000)
		51,542	(51,542)
TOTALFUNDS		885,234	(834&402)	4,742	55,574

						Net	Transfers	Transfers	Transfers
						movement		between		At
					At 1.4.21 f	in funds E		fundsf		31,3.23 6
Unrestricted funds
General fund					1,340	30,284		(395)		31,229
Designated fund	- Fundraising				531	(926I			395
Designated fund	—Reserves		fund		450,000					450,000
					451,871	29,358				481,229
TOTALFUNDS					451,871	29,358				481,229
A current year 12 months			and prior year 12 months		combined	net movement	in funds,	included		in the above
as follows:
					Incoming	Resources	Gains		and	Movement
					resources	expended		losses		in funds
					E	E		f		E
Unrestricted funds
Generalfund				1,716,356		(1,674,881)		(11,191)		30,284
Designated fund	- Fundra ising					(926)				(926)
				1,716,356		(1,675,807)	(11,191)			29,358
Restricted funds
Workforce Capacity Grant through				Dudley
CVS paid for by Dudley		MBC			9,954	(9,954)
Infection Protection Control					3,783	(3,783)
Rapid Test Fund					9,861	(9,861)
Infection Control	and Testing				9,343	(9,343)
Discretionary Testing Fund					8,174	(8,174)
Vaccine Grant					427	(427)
Workforce Capacity Fund DCVS					10,000	(10,000)
					51,542	(51,542)
TOTAL FUNDS				1,767,898		(1,727,349)	(11,191)			29,358
Purpose ofunrestricted		funds