2022-10-31-accounts - Cleveland Housing Trust Limited

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Trustees' annual report (incorporating			the	director's	report)
Independent auditor's	report to the members
Statement offinancial	activities	(including		income and
expenditure account)
Statement offinancial	position					10
Statement ofcash flows
Notes to the finandal	statements					12

		Year ended	3t Octob	er 2022	er 2022
				2022		2021
				Unrestricted
				funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			6	3,612	3,612
Investment income			6	559,413	559,413	702,307
Total income				563,025	563,026	702,307
Expenditure
Expenditure on raising funds:
Management costs ofproperties			7	282,637	282,637	327,179
Expenditure on charitable	activities		8,9	(5,457)	(5,457)	18,995
Total expenditure				277,180	277,180	346,174
Net gains on investments			10	(3,825,098)	(3,825,098)
Net income and net movement		in funds		4,110,943	4,110,943	356,133
Reconciliation offunds
Total funds brought forward				5,185,817	5,185,817	4,829,684
Total funds carried forward				9,296,760	9,296,760	5,185.817

		2022	2021
Cash flows from operating activities
Net income		4,110,943	356,133
Adjustments for:
Depreciation oftangible fixed assets		62,298	92,577
Net gains on investments		(3,825,098)
Dividends, interest and rents from investments		(549,136)	(702,307)
Other interest receivable and similar income		(10,277)
Interest payable and similar charges Accrued expenses		(5,457) 2,850	18,995 60,382
Chengssin:
Trade and other debtors Trade and other creditors		(8,766) (2,486)	(299,848) (2,399)
Cash generated from operations		(225,129)	(476,467)
Interest paid		5,457	(18,995)
Interest received		10,277
Net cash used in operating activities		(209,395)	(495,462)
Cash flows from Investing activities
Dividends, interest and renls from investments		549,136	702,307
Proceeds from sale oftangible assets Proceeds from sale ofother investments		1,382,692 3,825,098
Net cash from investing activities		5,756,926	702,307
Cash flows from financing activities
Proceeds from borrowings		(707,283)	(405,379)
Net cash used in financing activities		(707483)	(405,379)
Net increase/(decrease) in cash and cash	equivalents	4,840,248	(198,534)
Cash and cash equivalents at beginning	ofyear	481,575	680,109
Cash and cash equivalents at end ofyear		5,321,823	481,575

5,	Donations a	n	d legacies
				Unrestricted	Total Funds	Unrestricted	Total Funds
	Donations			Funds	2022 f	Funds	2021
	Donations			3,612	3,612
6.	Investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
	Sodal housing Bank interest		rents and charges	Funds f 549,136 10,277	2022 549,136 1D~T	Funds f. 702,307	2021 702,307
				559,413	559,413	702,307	702,307

							Unrestricted	Total Funds	Total Funds	Unrestricted	Unrestricted	Total	Funds
							Funds		2022		Funds		2021
	Costs of raising donations -Other type l			and legacies			282,637		E 282,637		327,179	E 327,179
8.	Expenditure		on charitable	activities		by fund type
							Unrestricted	Total Funds		Unrestricted		Total	Funds
							Funds		2022		Funds		2021
	Support costs						(5,457)		E (5,457)		E 18,995		18,995
9.	Expenditure		on charitable	activities		by activity type
										Total funds		Totalfund
								Support costs			2022		2021
	Governance	costs							E (5,457)		(5,457)		E 18,995
10.	Net gains on		investments
							Unrestricted	Total Funds		Unrestricted		Total	Funds
							Funds		2022		Funds		2021
	Gains on sale		of property				E 3,825,098	E 3,825,098			F
11.	Net income
	Met income	is	stated after charging/(crediting):
											2022		2021
	Depredation	oftangible fixed assets									E 62,298	E 92,577
12.	Staff costs
	The total staff		costs and employee		benefits for the reporting				period are analysed as			follows:
											2022		2021
	Wages and salaries Other employee benefits										F 55,295 30,216	36,161 27,794
											85,511	63,955
	The average	head count of		employees		during the year		was	Nil (2021;4).
	No employee	received employee			benefits		ofmore than	F50,000 during		the	year (2021:Nil).

				Land and
	Cost			buildings	Equipmentf	Total f
	Al 1 Noveinber Disposals At 31 October	2021 2022		5,924,925 (2,178,323) 3,746,602	188,900 188,900	6,113,825 (2,178,323) 3,935,502
	Depreciation
	At 1 Noveinber Charge for the Disposals At 31 October	2021 year 2022		1,388,627 62,298 (795,631) 655,294	188,900 188,900	1,577,527 62,298 (795,631) 844,194
	Carrying amount
	At 31 October	2022		3,091,308		3,091,308
	At 31 October	2021		4,536,298		4,536,298
15.	Debtors
	Trade debtors Amounts owed	by group undertakings			2022 f 3,586 949,804	2021 f. 3,586 941,038
					953,390	944,624
16.	Creditors: amounts			falling due within one year
	Bank loans and overdrafts Accruals and deferred income Properly bonds				2022 68,562 1,199	2021f 65,644 65,712 3,685
					69,761	135,041
17.	Creditors: amounts		falling due after more than one year
	Bank loans and	overdrafts			2022	2021 f 641,639

Unrestricted funds	Unrestricted funds	Unrestricted funds
Funds At 1 November 2 021 f 5,165,817			Income 563,025	Expenditure (277,180)	Gains and losses 5 3,825,098	At 31October 2 022 9,296,760
Funds At 1 November 2 020 f 4,829,684			Income 5 702,307	Expenditure 5 (346,174)	At Gains and 31 October 20 losses 21 5 5,185,817
Analysis ofnet assets between		funds
					Unrestricted	Total Funds
					Funds	2022
Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year					3,091,308 953,390 (69,761)	3,091,308 953,390 (59,761)
Net assets					3,974,937	3474,937
					Unrestricted	Total Funds
					Funds	2021
Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year					4,536,298 1,426,199 (135,041) (641,639)	4,536,298 1,426,199 (135,041) (641,639)
Net assets					5,185,817	5,185,817
Analysis ofchanges in net	debt
						At
			At	1 Nov 2021	Cash flows	31 Oct 2022
Cash at bank and in hand Debt due within one year Debt due after one year				5 481,575 (65,644) (641,63S)	5 4,840,248 65,644 641,639	5 5,321,823
				(225,708)	5,547,531	5,321,823