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2022-12-31-accounts
|
|
Page |
|
| Report o f the Trustees |
1 |
to |
4 |
| Independent Examiner's Report |
|
5 |
|
| Statement o f Financial Activities |
|
6 |
|
| Balance Sheet |
7 |
to |
8 |
| Notes to the Financial Statements |
9 |
to |
21 |
| Detailed Statement o f Financial Activities |
22 |
to |
23 |
|
|
|
|
|
31.12.22 |
31.12.21 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| INCOME AND |
|
|
|
|
|
|
| ENDOWMENTS FROM |
|
|
|
|
|
|
| Donations and legacies |
3 |
13,014 |
|
|
13,014 |
74,173 |
| Charitable activities |
5 |
|
|
|
|
|
| Residential & Day Lettings |
|
196,246 |
|
|
196,246 |
149,314 |
| Long Term Lettings Community |
|
42,372 |
|
|
42,372 |
27,445 |
| Investment income |
4 |
329 |
7 |
|
336 |
10 |
| Total |
|
251,961 |
7 |
|
251,968 |
250,942 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Raising funds |
|
4,347 |
|
|
4,347 |
4,987 |
| Charitable activities |
6 |
|
|
|
|
|
| Residential & Day Lettings |
|
173,066 |
− |
|
173,066 |
177,608 |
| Long Term Lettings Community |
|
5,660 |
− |
|
5,660 |
6,040 |
| Catering Services |
|
390 |
− |
|
390 |
261 |
| Development o f Services |
|
19,458 |
− |
|
19,458 |
19,088 |
| Other |
|
9,927 |
|
|
9,927 |
13,530 |
| Total |
|
212,848 |
|
|
212,848 |
221,514 |
| NET INCOME |
|
39,113 |
7 |
|
39,120 |
29,428 |
| Transfers between funds |
19 |
(4,000) |
|
4,000 |
|
|
| Net movement in funds |
|
35,113 |
7 |
4,000 |
39,120 |
29,428 |
| RECONCILIATION OF |
|
|
|
|
|
|
FUNDS
• |
|
|
|
|
|
|
| Total funds brought forward |
|
1,140,126 |
631 |
619,000 |
1,759,757 |
1,730,329 |
| TOTAL FUNDS CARRIED |
|
|
|
|
|
|
| FORWARD |
|
1,175,239 |
638 |
623,000 |
1,798,877 |
1,759,757 |
|
|
|
|
|
31.12.22 |
31.12.21 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible assets |
12 |
1,059,005 |
|
630,000 |
1,689,005 |
1,661,687 |
| Investments |
13 |
50,276 |
|
|
50,276 |
|
|
|
1,109,281 |
|
630,000 |
1,739,281 |
1,661,687 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors |
14 |
5,726 |
143 |
− |
5,869 |
8,399 |
| Cash at bank and in hand |
|
70,822 |
495 |
− |
71,317 |
127,913 |
|
|
76,548 |
638 |
|
77,186 |
136,312 |
| CREDITORS |
|
|
|
|
|
|
| Amounts falling due within one |
|
|
|
|
|
|
| year |
15 |
(9,610) |
|
(3,000) |
(12,610) |
(29,262) |
| NET CURRENT ASSETS |
|
66,938 |
638 |
(3,000) |
64,576 |
107,050 |
| TOTAL ASSETS LESS |
|
|
|
|
|
|
| CURRENT LIABILITIES |
|
1,176,219 |
638 |
627,000 |
1,803,857 |
1,768,737 |
| CREDITORS |
|
|
|
|
|
|
| Amounts falling due after more |
|
|
|
|
|
|
| than one year |
16 |
(980) |
|
(4,000) |
(4,980) |
(8,980) |
| NET ASSETS |
|
1,175,239 |
638 |
623,000 |
1,798,877 |
1,759,757 |
| FUNDS |
19 |
|
|
|
|
|
| Unrestricted funds: |
|
|
|
|
|
|
| General fund |
|
|
|
|
949,354 |
914,241 |
| Revaluation Reserve Fund |
|
|
|
|
225,885 |
225,885 |
|
|
|
|
|
1,175,239 |
1,140,126 |
| Restricted funds: |
|
|
|
|
|
|
| Restricted Fund (Phase 1) |
|
|
|
|
638 |
631 |
| Endowment funds: |
|
|
|
|
|
|
| Permanent Endowment Fund |
|
|
|
|
75,040 |
71,040 |
| Endowment Revaluation Reserve Fund |
|
|
|
|
547,960 |
547,960 |
|
|
|
|
|
623,000 |
619,000 |
| TOTAL FUNDS |
|
|
|
|
1,798,877 |
1,759,757 |
| 3. |
DONATIONS AND LEGACIES |
|
|
|
|
|
|
|
|
|
|
31.12.22 |
31.12.21 |
|
Grants & Donations |
|
|
|
13,014 |
74,173 |
| 4. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
|
|
31.12.22 |
31.12.21 |
|
CBF & Bank Interest |
|
|
|
60 |
10 |
|
Other fixed asset invest −FIT |
|
|
|
276 |
|
|
|
|
|
|
336 |
10 |
| 5. |
INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
31.12.22 |
31.12.21 |
|
|
Residential |
Long |
Term |
|
|
|
|
& Day |
Lettings |
|
Total |
Total |
|
|
Lettings |
Community |
|
activities |
activities |
|
|
£ |
£ |
|
£ |
£ |
|
Busy Bodies Nursery & Insteps Dance |
14,479 |
19,555 |
|
34,034 |
25,301 |
|
Other Lettings |
− |
22,817 |
|
22,817 |
19,553 |
|
Day Letting |
31,871 |
|
|
31,871 |
13,891 |
|
Strategic Health Board |
51,860 |
|
|
51,860 |
55,696 |
|
Residential |
92,820 |
|
|
92,820 |
58,508 |
|
Wedding Income |
586 |
|
|
586 |
655 |
|
Car parking |
2,400 |
|
|
2,400 |
2,900 |
|
Working space |
2,230 |
|
− |
2,230 |
255 |
|
|
196,246 |
42,372 |
|
238,618 |
176,759 |
| 6. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
|
|
|
|
Support |
|
|
|
|
Direct |
|
costs (see |
|
|
|
|
Costs |
|
note 7) |
Totals |
|
|
|
£ |
|
£ |
£ |
|
Residential & Day Lettings |
|
62,658 |
|
110,408 |
173,066 |
|
Long Term Lettings Community |
|
|
− |
5,660 |
5,660 |
|
Catering Services |
|
|
390 |
− |
390 |
|
Development o f Services |
|
4,377 |
|
15,081 |
19,458 |
|
|
|
67,425 |
|
131,149 |
198,574 |
| SUPPORT COSTS |
|
|
|
|
|
|
|
|
|
Governance |
|
|
Management |
|
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
£ |
| Other resources expended |
|
4,111 |
− |
5,816 |
9,927 |
| Residential & Day Lettings |
|
110,080 |
328 |
− |
110,408 |
| Long Term Lettings Community |
|
5,660 |
− |
|
5,660 |
| Development o f Services |
|
15,081 |
|
− |
15,081 |
|
|
134,932 |
328 |
5,816 |
141,076 |
| Activity |
**Basis ** |
o f allocation |
|
|
|
| Management |
Floor space, staff time |
|
& usage |
|
|
| Support costs, included in the above, are as follows: |
|
|
|
|
|
|
|
|
Other |
Residential |
Long Term |
|
|
|
resources |
& Day |
Lettings |
|
|
|
expended |
Lettings |
Community |
| Wages |
|
|
4,111 |
19,208 |
2,708 |
| Property & refurbishment |
|
|
− |
54,290 |
|
| Insurance |
|
|
|
5,234 |
_
1,309 |
| Equipment costs |
|
|
|
14,678 |
1,631 |
| Administration Costs |
|
|
− |
159 |
− |
| Other Professional Fees |
|
|
− |
23 |
12 |
| Depreciation o f tangible assets |
|
|
− |
16,488 |
|
| Credit card charges |
|
|
− |
328 |
|
| Accountancy |
|
|
5,816 |
− |
|
|
|
|
9,927 |
110,408 |
5,660 |
|
|
|
|
31.12.22 |
31.12.21 |
|
|
|
Development |
|
|
|
|
|
of |
Total |
Total |
|
|
|
Services |
activities |
activities |
|
|
|
£ |
£ |
£ |
| Wages |
|
|
15,081 |
41,108 |
42,969 |
| Property & refurbishment |
|
|
− |
54,290 |
52,700 |
| Insurance |
|
|
− |
6,543 |
6,615 |
| Equipment costs |
|
|
− |
16,309 |
17,256 |
| Administration Costs |
|
|
− |
159 |
159 |
| Other Professional Fees |
|
|
− |
35 |
955 |
| Depreciation o f tangible assets |
|
|
− |
16,488 |
17,023 |
| Credit card charges |
|
|
− |
328 |
362 |
| Accountancy |
|
|
− |
5,816 |
9,234 |
|
|
|
15,081 |
141,076 |
147,273 |
|
|
31.12.22 |
31.12.21 |
| Accountancy |
|
5,816 |
9,234 |
| Depreciation |
−owned assets |
16,488 |
17,023 |
|
|
2022 |
2021 |
| Wages and Salaries |
|
89,065 |
94,128 |
| Social Security Costs |
|
1,227 |
2,372 |
| Pension |
|
590 |
620 |
|
|
90,882 |
97,120 |
| No employee earned more than £60,000. |
|
|
|
| The average number o f paid staff for the |
year were: |
|
|
|
|
2022 |
2021 |
| Administration |
Full Time |
1 |
1 |
|
Part Time |
1 |
1 |
| Other |
Full Time |
1 |
1 |
|
Part Time |
3 |
3 |
| Total |
|
6 |
6 |
| 11. |
**COMPARATIVES FOR THE STATEMENT ** |
**OF FINANCIAL ** |
ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
funds |
funds |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Donations and legacies |
74,173 |
|
|
74,173 |
|
Charitable activities |
|
|
|
|
|
Residential & Day Lettings |
149,314 |
|
|
149,314 |
|
Long Term Lettings Community |
27,445 |
|
|
27,445 |
|
Investment income |
10 |
|
|
10 |
|
Total |
250,942 |
|
|
250,942 |
|
EXPENDITURE ON |
|
|
|
|
|
Raising funds |
4,987 |
|
|
4,987 |
|
Charitable activities |
|
|
|
|
|
Residential & Day Lettings |
177,608 |
|
|
177,608 |
|
Long Term Lettings Community |
6,040 |
|
|
6,040 |
|
Catering Services |
261 |
|
|
261 |
|
Development o f Services |
19,088 |
|
|
19,088 |
|
Other |
13,530 |
|
|
13,530 |
|
Total |
221,514 |
|
|
221,514 |
|
NET INCOME |
29,428 |
|
|
29,428 |
|
Transfers between funds |
(3,000) |
|
3,000 |
|
|
Net movement in funds |
26,428 |
|
3,000 |
29,428 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
1,113,698 |
631 |
616,000 |
1,730,329 |
|
TOTAL FUNDS CARRIED FORWARD |
1,140,126 |
631 |
619,000 |
1,759,757 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
Fixtures |
|
|
Freehold |
and |
|
|
property |
fittings |
Totals |
| COST |
|
|
|
| At 1 January 2022 |
1,494,523 |
410,363 |
1,904,886 |
| Additions |
|
43,806 |
43,806 |
| At 31 December 2022 |
1,494,523 |
454,169 |
1,948,692 |
| DEPRECIATION |
|
|
|
| At 1 January 2022 |
|
243,199 |
243,199 |
| Charge for year |
|
16,488 |
16,488 |
| At 31 December 2022 |
|
259,687 |
259,687 |
| NET BOOK VALUE |
|
|
|
| At 31 December 2022 |
1,494,523 |
194,482 |
1,689,005 |
| At 31 December 2021 |
1,494,523 |
167,164 |
1,661,687 |
| Cost or valuation at 31 December 2022 is represented by: |
|
|
|
|
Land and |
Fixtures & |
|
|
Buildings |
Fittings |
Total |
| Valuation in 2004 |
898,798 |
|
898,798 |
| Valuation in 2010 |
(100,000) |
|
(100,000) |
| Cost |
695,725 |
454,169 |
1,149,894 |
|
1,494,523 |
454,169 |
1,948,692 |
| FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
| MARKET VALUE |
|
| Additions |
50,000 |
| Revaluations |
276 |
| At 31 December 2022 |
50,276 |
| NET BOOK VALUE |
|
| At 31 December 2022 |
50,276 |
| At 31 December 2021 |
|
|
|
Listed |
|
|
investments |
| Valuation in 2022 |
|
276 |
| Cost |
|
50,000 |
|
|
50,276 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
31.12.22 |
31.12.21 |
| Trade debtors |
5,726 |
8,256 |
| Due from Unrestricted Fund |
143 |
143 |
|
5,869 |
8,399 |
| 15. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.12.22 |
31.12.21 |
|
Other loans (see note 17) |
4,000 |
4,000 |
|
Trade creditors |
2 |
17,432 |
|
Social security and other taxes |
1,013 |
1,384 |
|
Due to Restricted Fund |
172 |
172 |
|
Accrued expenses |
7,423 |
6,274 |
|
|
12,610 |
29,262 |
| 16. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
31.12.22 |
31.12.21 |
|
Other loans (see note 17) |
4,980 |
8,980 |
| 17. |
LOANS |
|
|
|
An analysis o f the maturity o f loans is given below: |
|
|
|
|
31.12.22 |
31.12.21 |
|
Amounts falling due within one year on demand: |
|
|
|
HDBF loan |
4,000 |
4,000 |
|
Amounts falling between one and two years: |
|
|
|
I−IDBF loan −1−2 years |
4,000 |
4,000 |
|
Amounts falling due between two and five years: |
|
|
|
HDBF loan −2:5 years |
980 |
4,980 |
| 18. |
SECURED DEBTS |
|
|
|
The following secured debts are included within creditors: |
|
|
|
|
31.12.22 |
31.12.21 |
|
HDBF loan |
8,980 |
12,980 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
|
At |
|
At 1.1.22 |
in funds |
funds |
|
31.12.22 |
|
£ |
£ |
£ |
|
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
914,241 |
39,113 |
(4,000) |
|
949,354 |
| Revaluation Reserve Fund |
225,885 |
|
|
|
225,885 |
|
1,140,126 |
39,113 |
(4,000) |
|
1,175,239 |
| Restricted funds |
|
|
|
|
|
| Restricted Fund (Phase 1) |
631 |
7 |
|
|
638 |
| Endowment funds |
|
|
|
|
|
| Permanent Endowment Fund |
71,040 |
|
4,000 |
|
75,040 |
| Endowment Revaluation Reserve Fund |
547,960 |
|
|
|
547,960 |
|
619,000 |
|
4,000 |
|
623,000 |
| TOTAL FUNDS |
1,759,757 |
39,120 |
|
|
1,798,877 |
| Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
|
Incoming |
Resources |
|
Movement |
|
|
resources |
expended |
• |
in funds |
| Unrestricted funds |
|
|
|
|
|
| General fund |
|
251,961 |
(212,848) |
|
39,113 |
| Restricted funds |
|
|
|
|
|
| Restricted Fund (Phase 1) |
|
7 |
|
|
7 |
| TOTAL FUNDS |
|
251,968 |
(212,848) |
|
39,120 |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.21 |
in funds |
funds |
31.12.21 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
887,813 |
29,428 |
(3,000) |
914,241 |
| Revaluation Reserve Fund |
225,885 |
|
|
225,885 |
|
1,113,698 |
29,428 |
(3,000) |
1,140,126 |
| Restricted funds |
|
|
|
|
| Restricted Fund (Phase 1) |
631 |
|
|
631 |
| Endowment funds |
|
|
|
|
| Permanent Endowment Fund |
68,040 |
|
3,000 |
71,040 |
| Endowment Revaluation Reserve Fund |
547,960 |
|
|
547,960 |
|
616,000 |
|
3,000 |
619,000 |
| TOTAL FUNDS |
1,730,329 |
29,428 |
|
1,759,757 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
250,942 |
(221,514) |
29,428 |
| TOTAL FUNDS |
250,942 |
(221,514) |
29,428 |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.21 |
in funds |
funds |
31.12.22 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
887,813 |
68,541 |
(7,000) |
949,354 |
| Revaluation Reserve Fund |
225,885 |
|
|
225,885 |
|
1,113,698 |
68,541 |
(7,000) |
1,175,239 |
| Restricted funds |
|
|
|
|
| Restricted Fund (Phase 1) |
631 |
7 |
|
638 |
| Endowment funds |
|
|
|
|
| Permanent Endowment Fund |
68,040 |
|
7,000 |
75,040 |
| Endowment Revaluation Reserve Fund |
547,960 |
|
|
547,960 |
|
616,000 |
|
7,000 |
623,000 |
| TOTAL FUNDS |
1,730,329 |
68,548 |
|
1,798,877 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
502,903 |
(434,362) |
68,541 |
| Restricted funds |
|
|
|
| Restricted Fund (Phase 1) |
7 |
|
7 |
| TOTAL FUNDS |
502,910 |
(434,362) |
68,548 |
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022 |
|
|
|
31.12.22 |
31.12.21 |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Grants & Donations |
13,014 |
74,173 |
| Investment income |
|
|
| CBF & Bank Interest |
60 |
10 |
| Other fixed asset invest −FII |
276 |
|
|
336 |
10 |
| Charitable activities |
|
|
| Busy Bodies Nursery & Insteps Dance |
34,034 |
25,301 |
| Other Lettings |
22,817 |
19,553 |
| Day Letting |
31,871 |
13,891 |
| Strategic Health Board |
51,860 |
55,696 |
| Residential |
92,820 |
58,508 |
| Wedding Income |
586 |
655 |
| Car parking |
2,400 |
2,900 |
| Working space |
2,230 |
255 |
|
238,618 |
176,759 |
| Total incoming resources |
251,968 |
250,942 |
| EXPENDITURE |
|
|
| Raising donations and legacies |
|
|
| Wages |
2,164 |
2,262 |
| Other trading activities |
|
|
| Bad debts |
2,183 |
2,725 |
| Charitable activities |
|
|
| Wages |
46, 846 |
51,354 |
| Pensions |
590 |
620 |
| Marketing |
4,377 |
2,935 |
| Cost o f supplies |
15,416 |
14,172 |
| Loan interest |
196 |
173 |
|
67,425 |
69,254 |
| Support costs |
|
|
| Management |
|
|
| Wages |
41,108 |
42,969 |
| Property & refurbishment |
54,290 |
52,700 |
| Insurance |
6,543 |
6,615 |
| Carried forward |
101,941 |
102,284 |
DETAILED STATEMENT OF FINANCIAL ACTIVITI
FOR THE YEAR ENDED 31 DECEMBER 2022 |
ES |
|
|
31.12.22 |
31.12.21 |
| Management |
|
|
| Brought forward |
101,941 |
102,284 |
| Equipment costs |
16,309 |
17,256 |
| Administration Costs |
159 |
159 |
| Other Professional Fees |
35 |
955 |
| Fixtures & fittings −dep'n |
16,488 |
17,023 |
|
134,932 |
137,677 |
| Finance |
|
|
| Credit card charges |
328 |
362 |
| Governance costs |
|
|
| Accountancy |
5,816 |
9,234 |
| Total resources expended |
212,848 |
221,514 |
| Net income |
39,120 |
29,428 |