##
|||Page|
|---|---|---|
|Company
Information|||
|Trustees'
Annual Report||2 to 7|
|Reporting Accountant's
Report|||
|Statement ofComprehensive
Income|||
|Statement ofFinancial Position||10|
|Statement ofChanges
in Reserves|||
|Statement ofCash Flows||12|
|Notes to the Financial Statements||13to 23|
|Detailed Income and Expenditure|Account|24|
|(for management
purposes
only)|||
||The Newark Emmaus
Trust|The Newark Emmaus
Trust||||
|---|---|---|---|---|---|
|REGISTERED COMPANY NUMBER:|2783331 (England and Wales)|||||
|REGISTERED~NUMBER:|1017344|||||
|TENANT SERVICES||||||
|AUTHORITY REGISTERED NUMBER:|4640|||||
|OPERATIONAL ADDRESS:|37Northgate|||||
||Newark|||||
||Nottinghamshire|||||
||NG24 1HD|||||
|REGISTERED OFFICE:|37Northgate|||||
||Newark|||||
||Nottinghamshire|||||
||NG24 1HD|||||
|MANAGEMENT CO~K:|IDBlatherwick - Vice Chaiuuan||and Treasurer|||
||N JBurley - Chief Executive Offtcer (no voting rights)|||||
||AJDown|||||
||E EFulcher|||||
||SM Gilbert|||||
||MRHaig|||||
||IA Howlett - Chairman|||||
||A C Kitt|||||
||KMcGanigle|||||
||A A M Readman|||||
||CRose|||||
|SECRETARY:|JD Blathcrwick.|||||
|REPORTING ACCOUNTANT:|Adrisn Heigh FCA
StePhenson Nuttall
/k Co
C~Accountants|||||
||Ossington
Chambers|||||
||6/8 Castle Gate|||||
||Newark|||||
||Nottinghamshire|||||
||NG24 1AX|||||
|SOLICITORS:|Tallents Solicitors, 3 Middlcgate,||Newark, Nottinghamshhe,||NG24 1AQ|
||HSBC, The Market
Barclays Bank, Thc|Place, Newark, Nottinghamshhu,
NG24
Market Place, Newark, No~hire,|||1EQ
NG24 IFJ|
||CAF Bank, 25 Kings Hill Avenue,||Kings Hill, West|Mailing,|Kent, ME194JP|
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|efiort.|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Year ended|Year ended|
||||||||||31uMarch 20o3|31"March 2022|
||||||||||f||
|Headline|social|housing|cost|per|unit||||8 682|7774|
|Headline|Social|housin|cost|er|uuit|- assesses|the|hmdliae|social housing cost per unit.||
|Efficiency||||||
|---|---|---|---|---|---|
|This is ameasure ofproductivity.||We strive to deliver the same||level ofservice for less cost, time, or etfort.||
|||||Year ended|Year ended|
|||||31"March 2023|31"March 2022|
|Reinvestment
iu housing units for||young|people|0 0'/|0 0'/|
|Operating|margin (social housing|lettings|only)|42 80/|45 1o/0|
|Operatmg|margin (overafi)|||-3.8'/0|5 70/0|
|Return on|capital employed|||-1.4'/o|2 20/|
|L'amings before interest, tax, depreciation,|||and major repairs|||
|included|interest cover|||79 lo/0|258.7'/o|
|Gearing||||Currently
The Newark.|Euunaus
Trust does not have any|
|||||borrowings
or interest|on borrowmg.|
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|||||31/3/23|31/3/22|
|---|---|---|---|---|---|
||||Notes|||
|Turnover||||736,940|770,876|
|Less: Operating
costs||||764957|~727 40|
|Operating
surplus||||(28,017)|43,636|
|Interest receivable
and|other|income||3,881|1,268|
|Interest and financing|costs|||28 000|(2~6000|
|Surplus
on ordinary|activities before taxation|||(52,136)|18,904|
|Tax on surplus
on ordinary||activities||||
|Surplus for the year|after|nrr||(52,136)|18,904|
|Remeasurement
gain/floss)||on defined benefit pension scheme|17|983 000|281000|
|Total Comprehensive|Income for the year|||930 864|299904|
##
|STATEMENT OF FINANCIAL POSITIO
31stMARCH 2023|N||||||
|---|---|---|---|---|---|---|
|||31/3/23|||31/3/22||
||Notes||||||
|FIXEDASSETS|||||||
|Housing properties|11||964489|||990,476|
|Other fieehold properties|11||151,250|||156,069|
|Other fixed assets|11||70,136|||85,432|
|Investments|12||158964|||157279|
|||1,344,639||||1,389256|
|CURRENT ASSETS|||||||
|Debtors|13|26,080||69,543|||
|Cash at bank and in hand||694 757||624 187|||
|||720,837||693,730|||
|CREDITORS|||||||
|Amounts
falfing due within one year
NETC~ASSETS|14|69943|650 894|78 135||615595|
|TOTAL ASSETSLESSCURRENT LIABILITIES||1,995,533||||2,004,851|
|CREDITORS|||||||
|Amounts
falling due after more than one year|15|||||8 182|
|NKT ASSETSEXCLUDING PENSION|||||||
|LIABILITY||1,995,533||||1,996,669|
|Defined benefit pension scheme liability|17||152000|||I 084000|
|NET ASSETS|||||||
|FUNDS|18||||||
|Unrestricted
funds|||||||
|General funds||I|019021|||861759|
|Unrestricted
funds excluding||1,019,021||||861,759|
|pension
liabiTity|||||||
|Pension reserve||~152000||||1084 000|
|Total unrestricted
(deficit)/funds|||867,021|||(222/41)|
|Restricted funds|||12/23|||144,434|
|Endowment
reserve|||964289|||990476|
|TOTAL FUNDS|||||||
##
||||General||Total|||||
|---|---|---|---|---|---|---|---|---|---|
||||unrestricted|Pension|unrestricted|Restricted||Endowment||
||||funds|reserve|funds|funds||reserve|Total|
||||||||||6|
|At31~MARCH ZOZ1|||781,49Z|(1310,000)|(528408)|124,610||1,016,663|612,765|
|Surplus/(deficit)
for the year|||103,080|(104,000)|(920)|19,824|||18,904|
|Remeasurement
gahr/(toss)|on|defined||||||||
|benefit pension scheme||||281,000|281,000||||281,000|
|Transfers (Pension contributions)|||(49,000)|49,000||||||
|Trausfers
(Housing properties||—depreciation)|26 187||26 187|||26 187||
|At31~MARCH 20Z2|||~861759|~1084000|(2222
41)|~144|434|~90476|9~12669|
|Smplus/(deficit)
for the year|||181,075|(101,000)|80,075|(1327.11)|||(52,136)|
|Remeasurement
gain/(loss)|on|defined||||||||
|benefit pension scheme||||983,000|983,000||||983,000|
|Transfers (Pension contributions)|||(50,000)|50,000||||||
|Transfers (Housing properties||- depreciation)|26 187||26 187|||26 18||
|AT 31~MARCH 2023|||1019021|~152000|8~67021|~12|23|~964 89|~1843 33|
##
##
||31/3/23|31/3/22||
|---|---|---|---|
||||f|
|NET CASH FLOW FROM OPERATINGAC~S (Note 20)
CASH FLOW FROM INVESTINGA~S|72,724|224252||
|Payments
to acquire tangible tired assets|(3,291)|(25,003)||
|Purchase ofinvestments|(1,685)|(75,884)||
|Interest received and other income|2 822|968||
|NET CASH FLOW FROM INVESTINGAC~S|2 154|99|919|
|NET CHANGE IN CASH AND CASH EQUIVALENTS|70,570|124,333||
|Cash and cash equivalents
at le April 2022|624 187|499|854|
|CASH AND CASH EQUIVALENTS AT 31st MARCH 2023|694757|~624|187|
|CASH AND CASH EQUIVALENTS CONSISTS Opt||||
|Cash at bank and in hand|694 757|624|187|
|CASH AND CASH EQUIVALENTS AT 31stMARCH 2023|694 757|624|187|
##
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##
|ly
allocated
Wages
ng basis:|have been apportione|
|---|---|
|Social housing|Non-social|
|Lettings|11011slilgactlvrtles|
|30%|70%|
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##
||||||31/3/23|||31/3/22||
|---|---|---|---|---|---|---|---|---|---|
||||||Operatmg|Operating||Operating|Operating|
||||Notes|Tnrnovcr|costs
f,|surplus/(deficit)|Turnover
f|costs
6|surplus/(deficit)|
|Social housing|lettings||3|546311|312,550|233,761|510,068|279,857|230411|
|Non-social housing||activities|4|190629|452 407|(2~6778|260 806|~447
3|~18657|
|||||736940|~764
57|~28 01|770 876|~727 40|43 636|
##
||||||||31/3/23|31/3/22|31/3/22|
|---|---|---|---|---|---|---|---|---|---|
|Rent, housing benefits|and service||agreement||||546311|510|068|
|Turnover from social|housin|lettin||s|||546311|510|068|
|Management
Costs||||||||||
|Insurance|||||||5,664|5,298||
|Service Costs||||||||||
|Staff costs (note 8)|||||||152,114|149,655||
|Telephone|||||||750||750|
|Routine ruaintenance|and renewals|||||||||
|Maintenance
and services|||||||106,908|74,586||
|Bad debts|||||||13,166|17,429||
|Depreciation||||||||||
|Housmg properties|||||||26,187|26,187||
|Fquipment
and computers|||||||7761|5|952|
|0 cretin
costs on social hous'|||le|'|s||312550|279|857|
|0 era '
s
lus on|social housin|||lettin||s|233 761|~230|11|
|Void losses|||||||I 186|7|335|
##
##
||||||||31/3/23|31/3/22|
|---|---|---|---|---|---|---|---|---|
|Grants|||||||||
|Beatrice Laing Trust|||||||2,500||
|Boots Charitable
Trust|||||||9,982||
|Children
in Need||||||||16,232|
|Garfield Weston Foundation||||||||30,000|
|John Lewis Partnership|||||||1,000||
|JN Derbyshire
Trust||||||||1,500|
|Lloyds Bank Fouudation|||||||27/50|4,041|
|London North Eastern Railway Limited||||||||6,964|
|Mansfield Building Society|||||||250||
|National
Lottery Fund
Nottin~e
County Council
No~bite
Police &Crime Commissioner|||||||48,115
12,685
10,812|94,925
40,745
15,749|
|Postcode Places Trust|||||||16,364||
|StJames's Place Charitable||Foundation|||||2,500||
|The Jones 1986Charitable||Trust|||||5,000||
|The Thomas Farr Charity|||||||4400|2,000|
|Veolia|||||||853||
||||||||141,511|212,156|
|Donations
and legacies|||||||||
|Covenants|||||||1,440|1,440|
|Donations|||||||31299|37,300|
|Legacies|||||||~351|4004|
||||||||32,388|42,744|
|Other income|||||||||
|Fundraising
income|||||||16730|5 908|
|Turnover
from non-social||hous'|activities||||190629|2~60 808|
|Expenditure|||||||||
|Staffcosts (note 8)|||||||354,934|349,194|
|Office costs|||||||31,425|35,359|
|Trainiug
centre general costs|||||||230|226|
|Bursary scheme|||||||||
|Marketing|||||||729||
|Motor expenses|||||||2,032|1,880|
|Accountancy|||||||3,942|3,738|
|Bank charges|||||||337|448|
|Recruitment
and advertising||||||||450|
|Other professional
fees|||||||3,471|6,091|
|Fundraisiug
costs|||||||13,641 .|529|
|Other freehold properties|deprectation||||||4,819|4,819|
|Fquipment
aud computers|depreciation||||||5,416|6,226|
|Motor vehicles depreciation|||||||5,390|7,188|
|Fquipment
and computers|loss on disposal||||||19||
|Residential
activities|||||||26,022|31,191|
|Less: Residents
contribudous|||||||||
||||||||26 022|31 191|
|0 eratin
costs on uon-social housdn||||activities|||4~52 407|~447
83|
|0 era
su
lus/ deficit||on nou-social|||housin|activities|~261778|86 57|
|FOR|THK YEAR ENDED 31st MARCH|THK YEAR ENDED 31st MARCH|2023|2023|||
|---|---|---|---|---|---|---|
|5.|INTEREST RECEIVABLE AND||OTHER INCOME||||
||||||31/3/23|31/3/22|
||Interest receivable
and other income||||~3g|~6|
|6.|INTEREST AND FINANCING COSTS||||||
||||||31/3/23|31/3/22|
||||||f|8|
||Finance costs|ofdefined benefit pension scheme|||||
|7.|OPERATING SURPLUS FOR THE YEAR||||||
||The operating|surplus for the year is stated after charging:|||||
||||||31/3/23|31/3/22|
||Depreciafion
—owned assets||||49,573|50,372|
||Loss on disposal||||19||
||Pension costs|—defined benefit scheme|||72,000|77,000|
||Pension costs|—defined conutbuhon|scheme|||1~0|
||STAFF COSTS||||||
||||||31/3/23|31/3/22|
||Wages and salaries||||393,010|381,028|
||Social security|costs|||32,145|30,087|
||Pension costs|—defined benefit scheme|||72,000|77,000|
||Pension costs|—dehned contribution|scheme||9 893|10734|
|||||||~849|
||||||31/3/23|31/3/22|
||Social housing|lettings|||152,114|149,655|
||Non-social housing
activities||||354934|349 194|
||||||~7048||
||No employee|received emoluroents|ofmore|than 660,000.|||
||||||31/3/23|31/3/22|
||||||Number|Number|
||The average monthly
number ofemployees|||during the year was as follows:|12||
##
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##
|FIXEDASSETS||||||||
|---|---|---|---|---|---|---|---|
||||Other|Total||Equipment||
||Housing||freehold|fieehold|Motor|and||
||properties||properties|propernes|vehicles|computers|Totals|
|COST||||||||
|At la April 2022|1.342,851||240,950|1,583,801|40,000|120,763|1,744,564|
|Additions
Disp os ala||||||3291
~344|3,291
~344|
|At 31oMarch 2023|1342|851|240 950|1 583 801|40 000|123710|1 747511|
|DEPRECIATION||||||||
|At 1"April 2022|352,375||84,881|437256|18,438|56,893|512,587|
|Charge for year
Eliminated
on disposal|26,|187|4,819|31,006|5,390|13,177
~324|49,573
~324|
|At 31u March 2023|378|562|89700|468 262|23 828|69746|561 836|
|NET BOOKVALUE||||||||
|At 3la March 2023|~964|89|151250|1 115539|16172|53 964|1 185675|
|At 31 March 2022|990|476|156069|1 146545|21 562|63 870|~131977|
##
|12.|FIXEDASSFTINVESTMENTS|||||
|---|---|---|---|---|---|
|||||31/3/23|31/3/22|
||Investments
at market value||||%~779|
|13.|DEBTORS:AMOUNTS FALLING DUF.WITHIN ONE YEAR|||||
|||||31/3/23|31/3/22|
||||||f.|
||Rent arrears|||15,925|16,668|
||Prepayments
and other debtors|||10155|52 875|
|||||~2||
|14.|CREDITORS: AMOUNTS FALLING DUK WITHIN ONK YEAR|||||
|||||31/3/23|31/3/22|
|15.|Accruals aud deferred income
CREDITORS: AMOUNTS FALLING DUE~MORE THAN|ONE YEAR|||1E235|
|||||31/3/23|31/3/22|
||Accruals and deferred income||||~12|
|16.|DEFERRED INCOME|||||
||Under||1year|Over 1year|Total|
||At 1"April 2022|37,323||8,182|45,505|
||Amounts
deferred
during the year|29,141|||29,141|
||Amounts
released to iucome|~37|323|~8182|~45 505|
||At31"March 2023|Q2~L4.|||2~4|
##
##
##
##
|respect ofthe paxt ofthe Nottinghamshire
County Council P|respect ofthe paxt ofthe Nottinghamshire
County Council P|ens|ion Fund attributab|le
to the chari|ty.|
|---|---|---|---|---|---|
|The total cost recognised
in the period was as follows:-||||||
|||||31/3/23|31/3/22|
|||||f|f.|
|Current service cost||||72,000|77,000|
|Net interest income/expense
A~tion
expenses||||28,000
I 000|26,000
I 000|
|Recognised in the surplus/deficit
for the year
Remeasurement
(gain)/loss
recognised
in other
Total cost recognised|comprehensive|income (see below)||101,000
~983 000
(~200|104,000
~281 000
~77
)|
|The remeasurement
(gain)/loss
recognised in other comprehensive|||income comprises|the following|amounts:—|
|||||31/3/23|31/3/22|
|||||f||
|Actuarial
(gam)/loss
Othera~ (gains)/losses
on assets||||(1,079,000)
(68,000)|(146,000)|
|Change in demographic
assumptions
Experience (gain)/loss
on scheme obligation
Actual (return)/loss
on scheme assets (excluding
Remeasurement
(gain)/loss
recognised in other|interest income)
comprehensive
income|||(149,000)
218,000
95000
~9000|4,000
~139000
~2|
|Amounts
recognised
on the Statement ofFinancial Position||were as foBowst-||||
|||||31/3/23|31/3/22|
|Present value offimded obligations
Pair value ofscheme assets
Net defined benefit pension schcune liability||||(2,189,000)
2 037000
~10|(3,103,000)
2 019000
(1084~|
##
##
##
|PENSION COMMITM|ENTS - continued|ENTS - continued|ENTS - continued||||||
|---|---|---|---|---|---|---|---|---|
|Changes
in the present|value ofthe defined benefit|||obligations|were as follows:-||||
||||||||31/3/23|31/3/22|
|Opening
defined benefit|obligation||||||3,103,000|3802,000|
|Current service cost|||||||72,000|77,000|
|Interest expense|||||||80,000|62,000|
|Actuarial
(gain)/loss|||||||(1,079,000)|(146,000)|
|Change in demographic|assumptions||||||(149,000)||
|Experience (gain)/loss|||||||218,000|4,000|
|Contributions
by scheme participants
Benefits paid
Closing defined benefit obligation|||||||11,000
~67000
~0|11,000
~107000
~03 000|
|Changes
in fair value ofthe pension scheme assets||||were as follows:-|||||
||||||||31/3/23|31/3/22|
|Opening
scheme assets|||||||2,019,000|1,892,000|
|Interest income
Actual ~(loss) on scheme assets||(excluding|iuterest income)||||52,000
(95,000)|36,000
139,000|
|Other actuarial
gains/(losses)|||||||68,000||
|Admhustrmon
expenses|||||||(1,000)|(1,000)|
|Contributions
by employer|||||||50,000|49,000|
|Contributions
by scheme|participants||||||11,000|11,000|
|Benefits paid
Closing scheme assets|||||||~67 000
~3700(|~107000
2~00|
|The amount
that each major class ofpension scheme assets constitutes||||||ofthe fair value ofthe total||scheme assets|
|was as follows:-|||||||||
|||||31/3/23|||31/3/22||
|Equities||||1,186,000||58%|1,224,000|61%|
|Gilts||||42,000||2%|59,000|3%|
|Other bonds||||121,000||6%|138,000|7%|
|Property||||242,000||12%|259,000|13%|
|Cash||||107,000||50/|113,000|5%|
|Infiation-)m)red
pooled fund
~cture||||103,000
160,000||50/
8'/|106,000
120,000|5%
6%|
|Private equities||||76000||4%||0%|
|Total assets||||||100%|2~01
OILQ|100%|
|The return/(loss)
on scheme assets was as follows:-|||||||||
||||||||31/3/23|31/3/22|
||||||||f,|f|
|Interest income|||||||52,000|36,000|
|Actual return/Uoss)
on scheme assets||(excludmg|interest income)||||~95 000|139000|
|Total return on plan assets|||||||~43 000|Z~109|
|The principal actuarial|assumpfions|used were|as fofiows:-||||||
||||||||31/3/23|31/3/22|
|Discoimt rate|||||||4.80%|2.60%|
|Expected rates ofsalary mcreasas|||||||3.85%|4250/0|
|Expcctcsf tates ofpensiou|increases||||||2.85%|3.25%|
|Expected rate ofiuflation|||||||2.82%|3.25%|
|The mortality
assumpfions|used for longevity
(in||years) ou retirement|||at age 65 are:|||
|Refiring at thc Statement|ofFinancial|Position date|||||||
|—Males|||||||20.7|21.6|
|—Females|||||||23.5|24.3|
|Retiring iu 20years|||||||||
|—Males|||||||22.0|23.0|
|—Females|||||||25.0|25.8|
##
##
|FUNDS|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Total||||||
||||||General|Pension|Unresizicted|Restricted||Endowment||Total|
||||||frmds|reseive|funds|funds||reserve||funds|
|||||||f|||||||
|Income|||||||||||||
|Social housmg
lettings|||||546,311||546,311|||||546,31I|
|Donations
and legacies|||||30,582||30,582|1,806||||32,388|
|Fuudraising
income|||||16,730||16,730|||||16,730|
|Grants|||||49614||~49
4|91|897|||141511|
|Turziovez
Interest receivable
and other||mcome|||643,237
~381||643237
3 881|93,703||||736,940
3 881|
|Total income|||||647 118||647 118|93|703|||740 821|
|Expenditare|||||||||||||
|Insurance|||||5,664||5,664|||||5,664|
|Staffcosts|||||249,851|72,000|321,851|185,197||||507,048|
|Telephone
—accommodation|||||750||750|||||750|
|Maintenance
aad services|||||97721||97421|9,687||||106908|
|Residential
activities|||||3,737||3,737|22/85||||26,022|
|Oflice costs —telephone|||||667||667|4,119||||4,786|
|Ofice costs —other|||||23,411||23,411|3,228||||26,639|
|Training
Centre general costs|||||||||230|||230|
|Marketing|||||729||729|||||729|
|Motor expenses|||||1495||1495||737|||2,032|
|Accountancy|||||3,942||3/42|||||3,942|
|Bad debts|||||13,166||13,166|||||13,166|
|Bank charges|||||337||337|||||337|
|Other professional
fees|||||2,040|1,000|3,040||431|||3,471|
|Fundraisiug
costs|||||13,641||13,641|||||13,641|
|Depreciatiou - Housing properties|||||26,187||Z6,187|||||26,187|
|Depreciation
—Other freehold properties|||||4,819||4,819|||||4,819|
|Depreciation
—Motor vehicles|||||5,390||5390|||||5,390|
|Depreciaiion
—Equipmeut|and||compuuns||13,177||13,177|||||13,177|
|Loss on disposals
—Fxpdpment||||aud computers|19||19|||||19|
||||||466,043|73,000|539,043|225,914||||764,957|
|Finance costs ofdeffoed benefit|||||||||||||
|pension scheme||||||28 000|28 000|||||28 000|
||||||466043|101000|567043|225|914|||~792 57|
|SmptasI(deficit)
for the year|||||181,075|(101,000)|80,075|(132411)|||—|(52,136)|
|Remeasurement
gain/Uoss)||on||dcffued|||||||||
|benefit peosion scheme||||||983,000|983,000|||||983,000|
|Transfers (Pensiou contributions)|||||(50,000)|50,000|||||||
|Trans fins (Housmg properties|||—depzcciarion)||26,187||26,187|||(26,187)|||
|Balance at ls April 2022|||||~86175|~1084000|(2222 4I|144|434|990|476|912669|
|Balance iu 3Is March 2023|||||I 019021|~152000|867021|~12|23|~964|89|I 843 533|
##
##
##
|YEARENDED 31sr MARCH 2023|||||||
|---|---|---|---|---|---|---|
||||Total||||
|||Pension|unrestricted|Restricted|Endowment||
|||reserve|fimds|fimds|reserve|Totals|
|FIXEDASSETS|||||||
|Housing
properties|||||964P89|964489|
|Other freehold properties|151/50||151450|||151450|
|Other axed assets|70,136||70,136|||70,136|
|Iuvestments|158,964||158,964|||158,964|
|CURRENT ASSETS|||||||
|Debtors|26,080||26,080|||26,080|
|Cash at bank and in hand|682,534||682,534|12223||694,757|
|CREDITORS|||||||
|Amounts
falling due within one year|(69,943)||(69,943)|||(69,943)|
|DEFINED BENEFIT PENSION|||||||
|SCHEME LIABH,ITY||~152000|~152000|||~152000|
|TOTAL NET ASSETS/(LIABILITIES)d)IEd)22|||||||
|YEARENDED 31~MARCH 2022|||||||
||||Total||||
||General|Pension|imrestricted|Rc~cted|Endowment||
||funds|reserve|funds|funds|reserve|Totals|
|FTXKDASSETS|||||||
|Housing properties|||||990,476|990,476|
|Other freehold properties|156,069||156,069|||156,069|
|Other Bxed assets
Investments
C~ASSETS|85,432
157779||85,432
157,279|||85,432
157279|
|Debtors|69,543||69,543|||69,543|
|Cash atbank and in hand|479,753||479,753|144,434||624,187|
|CREDITORS|||||||
|Amounts
falling due w(Gun one year|(78,135)||(78,135)|||(78,135)|
|CREDITORS|||||||
|Amounts
faiihrg due ager more|||||||
|than one year|(8,182)||(8,182)|||(8,182)|
|DEFINED BFNEITI' PENSION
SCHEME LIABILIIY
TOTAL NET ASSFTS/(LIABILITIES)||~1084000(~|~1084000||— ~1084000||
##
|RECONCILIATION
OF OP
AC~|ERATING SUR|PLUS/(DEFIC|IT) TO CASH FL|OW FROM|
|---|---|---|---|---|
||||31/3/23|31/3/22|
|||||I|
|Operating
Surplus/(deficit)
for the year|||(28,017)|43,636|
|Adjustments
for non-cash items:|||||
|Depreciation oftangible fixed|assets||49,573|50,372|
|Loss on disposal oftangible fixed assts|||19||
|Decrease/(increase)
in debtors|||44,523|41,624|
|Increase/(decrease)
in creditors|||(16,374)|59,620|
|Defined benefit pension costs|less contribufious|payable|23 000|29 000|
|Net cash flow from operating|activities||72724|224.252|
##
##
##
|||||31/3/23|31/3/22|
|---|---|---|---|---|---|
|||||Number|Number|
|Housin|Accommodation|for|Lettin|||
|Units||||36||
##
##
##
||||31/3/23||31/3/22|
|---|---|---|---|---|---|
|INCOME||||||
|Taraoveri||||||
|Donations|||32,739|38,740||
|Legacies|||(351)|4,004||
|Grants|||141,511|212,156||
|Rent, housing benefits|and service charges||546,311|510,068||
|Fundraising
income|||16730|5 908||
||||736,940||770,876|
|Other income:||||||
|Deposit account interest|||1,135||84|
|Investment
income|||2 746||I 184|
|TOTAL INCOME|||740 821||772 144|
|EXPENDITURE||||||
|Provision ofaccommodation:||||||
|Residential
activities|||26,022|31,191||
|Insurance|||5,664|5498||
|Mamtenance
and services|||106,908|74,586||
|Telephone|||750|750||
|Bad debts|||13 166|17429||
||||152,510||129/54|
|Training Centre costs|||230||226|
|Staffcosts:||||||
|Wages|||393,010|381,028||
|Social security|||32,145|30,087||
|Pensions
—defiued benefit scheme
Pensions
—defined contnbution
scherue|||72,000
~893|77,000
10734||
||||507,048||498,849|
|Oflice costs:||||||
|Telephoue|||4,786|4,517||
|Office expenses|||7,328|12,570||
|Repairs and renewals|||16,066|15,977||
|Sundry expenses|||~345|2295||
||||31,425||35,359|
|Other costsi||||||
|Bursary scheme||||44||
|Recruitment
aad advertising||||450||
|Marketing|||729|||
|Motor expenses|||2,032|1,880||
|Bank charges|||337|448||
|Legal aud professional|fees||3,471|6,091||
|Fundiaising
costs|||13,641|529||
|Accouataacy|||3 942|3 738||
||||24,152||13,180|
|Depreciation:||||||
|Freehold property|||31,006|31,006||
|Equipment
and computers|||13,177|12,178||
|Motor vehicles|||5 390|7 188||
||||49,573||50,372|
|Loss on disposal offixed assets:||||||
|Liquipment
and computers|||19|||
|Interest aad financ costs:||||||
|Interest and financing
costs of||deiined bencfit||||
|pension scheme|||28 000||26 000|
|TOTAL EXPENDITURF.|||792957||753 240|
|(DFXICIT)/SURPLUS FOR||THE YEAR||||