| Page | |||
|---|---|---|---|
| Directors' report | |||
| Accountants' report |
|||
| Statement ofcomprehensive |
income | ||
| Balance sheet | |||
| Statement ofchanges | in equity | ||
| Notes to the financial | statements | 6-11 |
| The directors | present their annual | report and financial statements | report and financial statements | report and financial statements | report and financial statements | forthe year ended 31 March | forthe year ended 31 March | 2022. | |
|---|---|---|---|---|---|---|---|---|---|
| Principal activities | |||||||||
| The principal | activity ofthe company | continued | to be that ofa | rental charity. | |||||
| Directors | |||||||||
| The directors | who held otfrce during | the year | and up to the | date ofsignature | ofthe frnancial | statements | were as | ||
| follows: | |||||||||
| Mrs P Basnett | |||||||||
| Mrs S M Stanton | (Resigned | 25 | October 2022) | ||||||
| IVlrs KEEugeni | |||||||||
| Mrs EWilkes | |||||||||
| Mm P Crocker | |||||||||
| lVlrs EVthlkes | (Appointed | 6 Octboer 2021) |
| 2022 | 2021 | ||
|---|---|---|---|
| Income | 404,478 | 241,805 | |
| Administrative expenses Other operating income |
(454,791) 70,367 |
(254,6071 22,550 |
|
| Operating surplus |
20,054 | 9,748 | |
| Interest payable | and similar expenses | (906) | |
| Amounts written |
olf investments | (1) | |
| Surplus before | taxation | 19,147 | 9,748 |
| Tax on surplus | |||
| Surplus forthe | financial year | 'i9,147 | 9,748 |
| 2022 | 2021 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 5 | 5 | |||||||||||||||
| Fixed assets | |||||||||||||||||
| Tangible assets | 39,761 | 38,800 | |||||||||||||||
| investments | 1 | ||||||||||||||||
| 39,761 | 38,801 | ||||||||||||||||
| Current assets | |||||||||||||||||
| Debtors | 41,476 | 39,693 | |||||||||||||||
| Cash at bank and in hand | 119,163 | 96,481 | |||||||||||||||
| 160,639 | 136,174 | ||||||||||||||||
| Creditors: amounts falling due |
within | ||||||||||||||||
| one year | 7 | (109,922) | (103,114) | ||||||||||||||
| Net current assets | 50,717 | 33,060 | |||||||||||||||
| Total assets less current | liabilities | 90,478 | 71,861 | ||||||||||||||
| Creditors: amounts falling due |
after | ||||||||||||||||
| more than one year | (41,137) | (41,667( | |||||||||||||||
| Net assets | 49,341 | 30,194 | |||||||||||||||
| Reserves | |||||||||||||||||
| Income and expenditure | account | 49,341 | 30,194 | ||||||||||||||
| Members' funds |
49,341 | 30,194 | |||||||||||||||
| For the financial year ended 31 March 2022 the | company was | entitled to exemption | from | audit under section | 477 of | ||||||||||||
| the Companies Act 2006 | relating | to small companies. | |||||||||||||||
| The directors acknowledge |
their responsibilities | for complying | vrith | the requirements | of | the | Companies | Act 2006 | |||||||||
| vrith respect to accounting | records and the preparation | offinancial | statements. | ||||||||||||||
| The members have not |
required | the company to | obtain an audit | of | its | financial | statements | for | the year in | question in |
|||||||
| accordance with section | 476. | ||||||||||||||||
| These iinancial statements |
have | been prepared | in accordance | with the provisions | applicable | to companies | subject | ||||||||||
| to the small companies | regime. | ||||||||||||||||
| The financial statements |
were approved | by the | board | of directors | and authorised | for | 2 issue on ...........'...........w and |
||||||||||
| are signed on its baht | by: |
| Income and | ||
|---|---|---|
| expenditure | ||
| Balance at 1April 2020 | 20,446 | |
| Year ended 31March 2021: | ||
| Profrt and total comprehensive | income forthe year | 9,748 |
| Balance at31March 2021 | 30,194 | |
| Year ended 31March 2022: | ||
| Profit and total comprehensive | income forthe year | 19,147 |
| Balance at31 March 2022 | 49,341 |
| 1 | Accounting policies |
(Continued) | (Continued) | (Continued) |
|---|---|---|---|---|
| Basicfinancial liabilities | ||||
| Basic financfal liabiTrlies, including creditors, bank foans, loans from fellow |
group companies and preference |
|||
| shares fhat are classriied as debt, are inifially recognised at transaction |
price unless the arrangement |
|||
| constitutes a financing transaction, where the debt instrumerit is measured |
at the preserit value of | the future | ||
| payments discounted ata market rate ofinterest. Financial liabilities cfassmed as payable within one year |
are | |||
| not amorfised | ||||
| Debt instruments are subsequenffy carried at amortised cost, using the effective interest rate method. |
||||
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary |
course of | |||
| business from suppliers. Amounts payable are cfassffied as current ffabiTfffes ifpayment is due within or fess. If not, they are presented as no~nt liabfÃes. Trade creditors are recognised |
one year inrfiafly at |
|||
| transaction price and subsequently measured at amortised cost using the effecfive interert method. |
||||
| 1.8 | Taxatl on |
|||
| The company is exempt from corporation tax, it being a company not carrying on a business for the |
purposes | |||
| ofmaking a profit. | ||||
| 1.9 | Employee benefits | |||
| The costs of short-term employee benefits are recognised as a liability and |
an expense, unless those costs |
|||
| are required to be recognised as part ofthe cost ofstock orfixed assets. |
||||
| The cost of any unused holiday entitlement is recognised in the period in which the employee's services |
are | |||
| received. | ||||
| Termination benefits are recognised immediately as .an expense when |
the company is demonstrably |
|||
| committed to terminate the employment ofan employee orto provide termination benefits. |
||||
| 1.10 | Refirement benefits |
|||
| Payments to defined contribution retirement benefit schemes are charged as |
an expense as they fafl | due | ||
| 1.11 | Government grants |
|||
| Government grants are recognised at the fair value of the asset received or receivable when |
there | is | ||
| reasonable assurance that the grant conditions vn1I be met and the grants wfil |
be received. | |||
| A grant that specifies performance conditions is recognised in income when |
the performance conditions |
are | ||
| met. Where a grant does not specify performance conditions it is recognised in income when the |
proceeds | |||
| are received or receivable. A grant received before the recognition criteria |
are satisfied is recognfsed as a |
|||
| liabiTrty. | ||||
| 1.12 | Foreign exchange | |||
| Transactions in currencies other than pounds steriing are recorded at the rates of exchange prevailing at |
the | |||
| dates ofthe transactions. At each reporting end date, monetary assets and |
liabilities that are denominated | in | ||
| foreign currencies are retranslated at the rates prevaiTing on the reporting end date. Gains and losses arising |
||||
| on translation in the period are included in profit or loss. |
| averag | monthly | number ofpersons (inc |
luding directors) employed |
by the company during the |
year was: | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Number | Number | |||||
| Total | ||||||
| 4 | Tangible fixed assets | |||||
| Cost | ||||||
| At 1 Apnl 2021 Additions |
80,710 23,099 |
|||||
| At 31 IVlarch | 2022 | 103,809 | ||||
| Depreciation | and impairment | |||||
| At 1April 2021 Depreciabon charged |
in the year | 41,910 22,138 |
||||
| At 31March | 2022 | |||||
| Carrying amount |
||||||
| At 31 March | 2022 | 39,761 | ||||
| At 31 Mlarch | 2021 | 38,800 | ||||
| undertakings | ||||||
| 8 | Fixed asset | investments | ||||
| 2022 | 2021 | |||||
| 8 | ||||||
| Shares in group | an participating | interests |
| 5 | Fixed asset investments |
|---|---|
| Movements in fixed asset investments |
|
| April | |
| Cost orvaluafion | |
| At 1 202 831 March 2022 |
|
| Impairment | |
| At 1 April 2021 | |
| Disposals | |
| At 31 March 2022 | |
| Carrying amount |
|
| At 31 March 2022 | |
| At 31 March 2021 |
| v | (Continuedj | ||
|---|---|---|---|
| Movements in fixed |
asset investments | ||
| April | Shares in | ||
| subsidiaries | |||
| Cost orvaluafion | 5 | ||
| At 1 202 831 |
March 2022 | ||
| Impairment | |||
| At 1 April 2021 | |||
| Disposals | |||
| At 31 March 2022 | |||
| Carrying amount |
|||
| At 31 March 2022 | |||
| At 31 March 2021 | |||
| Debtom | |||
| 2022 | 2021 | ||
| Amounts failing due within one year: |
|||
| Senrice charges due | 13,200 | 29,232 | |
| Other debtors | 28,276 | 10,46'l | |
| 41,476 | 39,693 | ||
| Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | ||
| 9 | |||
| Bank loans | 5,112 | 8,333 | |
| Trade creditors | 41,946 | 46,078 | |
| Taxation and social security | 1,979 | 1,845 | |
| Deferred 'rncome | '16,500 | 3'l,491 | |
| Other crecritors | 32,809 | 8,816 | |
| Accruals and deferred | income | 11,576 | 6,551 |
| 109,922 | 103,114 | ||
| Creditors: amounts | falling due after more than one year | ||
| 2022 | 2021 | ||
| Bank loans and overdrafts | 41,137 | 41,667 |
| 8 | Creditors: amounts falling due after more than one year Bank loans and overdrafts |
|---|---|
| 2022 f |
2021 f |
|||||
|---|---|---|---|---|---|---|
| Income | ||||||
| Rental income | 246,106 | 226,920 | ||||
| Sundry income | 56,479 | 14,885 | ||||
| Donations received |
101,893 | |||||
| 404,478 | 241,805 | |||||
| Other operating Income |
||||||
| Government grants receivable and released |
70,367 | 22,550 | ||||
| Adminisbative expenses |
||||||
| Wages and salaries | 166,512 | 100,336 | ||||
| Social security costs | 7,804 | 4,037 | ||||
| Stalf pension costs defined contnbution | 3,685 | 5,785 | ||||
| Management charge |
76,770 | 5,808 | ||||
| Rates and water | 6,301 | 5464 | ||||
| Cleaning | 6,016 | 1,737 | ||||
| Power, light and heat |
57456 | 47,992 | ||||
| Repairs and renewals | 35,673 | 29,062 | ||||
| Premises insurance |
(2,348) | 3,052 | ||||
| Hire ofequipment (not |
operafing | lease) | 13,513 | 2,190 | ||
| Legal and professional | fees | 8,555 | 2,937 | |||
| Accountancy | 2,439 | 3416 | ||||
| Other donadons | 16,093 | 500 | ||||
| Bank charges | 460 | 189 | ||||
| Intercompany bad and |
doubttul | debts | 17289 | |||
| Printing and stationery |
1782 | 2,058 | ||||
| Telecommunications Sundry~es |
5,797 9,556 |
3,485 20~7 |
||||
| DepreciaBon | 22,138 | 16,732 | ||||
| (454,791) | (254,607) | |||||
| Operating surplus |
20,054 | 9,748 | ||||
| Interest payable and | similar expenses | |||||
| Bank interest on loans | and overdrafts | (906) | ||||
| Other gains and losses | ||||||
| Amounts written oifInvestments |
||||||
| Surplus before taxation | 4 73o/o | 19 147 | 4 03o/o | 9,748 |