| Almshouse Information |
|
|---|---|
| Report ofthe Trustees | |
| Statement ofTrustees' Responsibilities |
4-5 |
| Independent Examiner's Report to the Trustees |
|
| Statement ofFinancial Activities | |
| Statement ofFinancial Position | |
| Statement ofCash Flows | |
| Notes to the Financial Statements | 10-16 |
| Notes | Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||||
| Income from: | ||||||||
| Donations and legacies |
||||||||
| Charitable activities |
||||||||
| Other trading activities | 83,489 | 83,489 | 89,501 | |||||
| Total Income | 83,489 | 83,489 | 89,501 | |||||
| Expenditure on: |
||||||||
| Letting activities | (54,925) | (54,925) | (47,444) | |||||
| Total Expenditure | (54,925) | (54,925) | (47,444) | |||||
| Net Income / (expenditure) |
before | investment | ||||||
| gains / (losses) | 28,564 | 28,564 | 42,057 | |||||
| Finance income | 14 | |||||||
| Net gains / (losses) on investments | 21,610 | 21,610 | 44,471 | |||||
| Net income / ex enditure | for the | ear | 50,174 | 50,174 | 86,542 | |||
| Reconciliation offunds: |
||||||||
| Fund balances at the start ofthe | ear | 86,542 | 86,542 | |||||
| Fund balances at the end ofthe | ear | 136,716 | 136,716 | 86,542 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Fixed Assets | |||||
| Housing properties | 170,415 | 179,916 | |||
| Investment | 226,913 | 205,303 | |||
| Total Fixed Assets | 397,328 | 385,219 | |||
| Current Assets | |||||
| Debtors | 40,076 | 2,462 | |||
| Cash at bank and in | hand | 165,521 | 138,608 | ||
| Total Current Assets | 205,597 | 141,070 | |||
| Current Liabilities | |||||
| Creditors: amounts | falling within one year | (65,226) | (38,765) | ||
| Net Current Assets |
140,371 | 102,305 | |||
| Total Assets less Current Liabilities | 537,699 | 487,524 | |||
| Creditors falling due after more than one year | |||||
| Total Net Assets | 537,699 | 487,524 | |||
| Accumulated Funds |
10 | ||||
| General (Unrestricted) | funds | 536,199 | 486,024 | ||
| Endowment funds |
1,500 | 1,500 | |||
| Total Charit Funds |
537,699 | 487,524 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Net income/(expenditure) for the year |
50,174 | 86,542 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
9,501 | 9501 | ||||
| (Gains)/losses on investments |
(21,610) | (44,471) | ||||
| Income from investments | 0 | 0 | ||||
| (Increase)/decrease in stocks |
0 | 0 | ||||
| (Increase)/decrease in debtors |
(37,614) | (1,694) | ||||
| Increase/(decrease) in creditors |
26,462 | 26,962 | ||||
| Increase/(decrease) in provisions |
0 | 0 | ||||
| Net cash in / (out)flow from | operating | activities | 26,914 | 76,840 | ||
| Change in cash in the year | 26,913 | 76,840 | ||||
| Cash and cash equivalents at |
the beginning ofthe year | 215,448 | 138,608 | |||
| Cash at the end ofthe year | 242,361 | 215,448 | ||||
| 1April | Cash | 31March | ||||
| 2021 | Flows | 2022 | ||||
| Net funds reconciliation | ||||||
| Cash at bank and in hand | 138,608 | 26,913 | 165,521 | |||
| Net Cash | 138,608 | 26,913 | 165,521 |
| economic lives or t | he lives oft |
|---|---|
| Roofs | 50years |
| Kitchens | 20years |
| Bathrooms | 30years |
| Windows | 20 years |
| Central heating | 15years |
| 2 | PARTICULARS OF INCOME AND EXPENDITURE FROM | LETTINGS | |
|---|---|---|---|
| 2022 | 2021 | ||
| General Needs Housing Accommodation | |||
| Turnover from social housing lettings: |
|||
| Rents receivable | 84,894 | 90,514 | |
| Lossess Irom voids | (1,405) | (1,013) | |
| Total income from lettings | 83,489 | 89,501 | |
| Expenditure on letting activities: |
|||
| Services | 16,472 | 7,970 | |
| Management | 17,838 | 12,666 | |
| Depreciation ofhousing properties | 9,501 | 9,501 | |
| Routine maintenance | 6,737 | 9,122 | |
| Cyclical maintenance | |||
| Planned Maintenance &Major Repairs |
4,377 | 8,185 | |
| Total expenditure on lettings |
54,925 | 47,444 | |
| Operating surplus on letting activities |
28,564 | 42,057 | |
| 3 | FINANCE INCOME | ||
| 2022 | 2021 | ||
| Interest receivable fiom short term bank deposits | 14 | ||
| 4 | SURPLUS FOR THK YEAR | ||
| 2022 | 2021 | ||
| Surplus for the year is stated after charging: | |||
| Independent examiners' remuneration: |
480 | 480 |
| TANGIBLE FIXEDASSETS - HOUSING PRO | PERTIES | |
|---|---|---|
| 2022 | 2021 | |
| Cost | ||
| At 1stApril 2021 | 265,498 | 263,146 |
| Additions | 2,352 | |
| Disposals | ||
| At 31March 2022 | ||
| 265,498 | 265,498 | |
| Depreciation | ||
| At 1stApril 2021 | 85,582 | 76,081 |
| Charge for the year | 9,501 | 9,501 |
| At 31March 2022 | 95,083 | S5,582 |
| Net book value | ||
| At start ofyear | 179,916 | 187,065 |
| At end ofyear | 170,415 | 179,916 |
| 7 | CURRENT ASSETINVESTMENTS | CURRENT ASSETINVESTMENTS | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Listed | 218,652 | 197,045 | ||
| Unlisted | 8,261 | 8,258 | ||
| At 31March | 226,913 | 205,303 | ||
| 8 | DEBTORS | |||
| 2022 | 2021 | |||
| Amounts falling due within one year: |
||||
| Arrears ofrent and prepayments | 2,257 | |||
| Other debtors | 40,076 | 205 | ||
| 40,076 | 2,462 | |||
| 9 | CREDITORS (AMOUNTS FALLING DUE WITHIN ONE YEAR) | |||
| 2022 | 2021 | |||
| Trade Creditors | 5,330 | 11,852 | ||
| Purchase Ledger | 8,810 | 2,254 | ||
| Management | fees | 49,105 | ||
| Other Creditors | 1,981 | 20,371 | ||
| 65,226 | 34,477 | |||
| 10 | DESIGNATED RESERVES | |||
| 2022 | 2021 | |||
| Cyclical | 7,500 | 7,500 | ||
| Major Repairs | 55,000 | 55,000 | ||
| Revenue | 473,699 | 423,524 | ||
| 537,699 | 487,524 |