## ## ## ## ## |||||||Page| |---|---|---|---|---|---|---| |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| # ## ## ## |Reference|and adm|inistrative
|inistrative
|details|details|details|| |---|---|---|---|---|---|---|---| |Registered|chadty|name||Cleveland
Housing Trust Ltd|||| |Charity registration||number||1059437|||| |Company|registration||number|3199863|||| |Principal office and||registered||Sopwith
House|||| |office||||Sopwith Close|||| |||||Preston
Farm|||| |||||Stockton on Tees|||| |||||TS183TT|||| |The trustees|||||||| |||||Mr J B Parkin|||| |||||H
H Eddy|||| |||||Mrs G Burn|||| |||||Mrs BButcher|||| |limited|||||||| |Auditor||||Wm Fortune|and Son||| |||||Chartered
accountants||tt statutory|auditor| |||||Colllngwood|House||| |||||Church Square|||| |||||Hartlepool|||| |||||TS24 7EN|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||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| ## ## ## ## |||31Octob|er 2022|||| |---|---|---|---|---|---|---| ||||Note|2022|f|2021| |Fixed assets||||||| |Tangible fixed assets|||||3,091,308|4,536,298| |Current assets||||||| |Debtors|||15|953,390||944,624| |Cash at bank and
In|hand|||5,321,823||481,575| |||||6,275,213||1,426,199| |Creditors: amounts|falling|due within one year|16|69,761||135,041| |Net current assets|||||6~205r452|1,291,158| |Total assets less current||liabilities|||9,296,760|5,827,456| |Creditors: amounts|falling|due after more than||||| |one year||||||641,639| |Net assets|||||9,296,760|5,185,817| |Funds ofthe charity||||||| |Unrestricted
funds|||||9,296,760|5,185,817| |Total charity funds|||18||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|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| ##