##
##
|Contents|Page|
|---|---|
|Legal and Administrative
Information||
|Report ofthe Board ofTrustees|3-5|
|Independent
Examiner's
Report||
|Statement of Financial Activiges||
|Balance Sheet||
|Notes forming part ofthe Financial Statements|9-12|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
**==> picture [88 x 17] intentionally omitted <==**
##
##
##
##
##
##
##
##
##
|||||Forth|e year end|ed 30th Septe|mber
2023|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Designated|Total|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||||2023|2022|
|Incoming|||||Note|||||
|Investment
Income|||||2|362|33,694|34,056|36,306|
|Income Resouces|from Charitable|||Activities||96,880||96,880|87,937|
|Donations|||||||||400|
|Total Income||||||97,242|33,694|130,936|124,643|
|Expenditue||||||||||
|Charitable
Activities||||||||||
|—Direct Staff Costs||||||16,410||16,410|15,500|
|—Other Charitable|Activilies||Costs|||58,640||58,640|61,148|
|Governance
Cosis||||||10,165||10,165|10,324|
|Cost of Generating|Funds|||||8,567||&,567|8,763|
|Total Expenditure|||||3|93,782||93,782|95,735|
|Net Income||||||3,460|33,694|37,154|28,908|
|Realised Gains/(Lasses)||on investment|||||9,019|9„019|899|
|Unrealised
Gains/(Losses)|||on investment||||16,248|16,248|(115,471)|
|Net Income/(Expenditure)|||||4|3,460|58,961|62,421|(85,664)|
|Transfers between|Funds|||||||||
|Net Movement
in|Funds|||||3,460|58,961|62,421|(85,664)|
|Reconciliation of|funds|||||||||
|Total funds brought|forward|||||1,079,889|375,069|1,454,958|1,540,622|
|Total funds carried forward|||||10|1,083,349|434,030|1,517,379|1,454,958|
|All activities are continuing|||in nature|||||||
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|Fixed Assets|||Note|||
|Tangible Assets||||98,3&0|98,380|
|Investments||||1,386,336|1,335,877|
|||||1,484,716|1,434,257|
|Current Assets||||||
|Debtors and|Prepayments|||11,075|8,871|
|Cash at Bank||||31,133|18,527|
|Cash in Hand||||98|36|
|||||42,306|27,434|
|Liabilities:|Amounts|falling due within one year||(9,643)|(6,733)|
|Net Current|Assets|||32,663|20,701|
|Net Assets||||1,517,379|1,454,958|
|Represented|by:|||||
|Unrestricted|Funds|||1,083,349|1,079,889|
|Designated|Funds|||434,030|375,069|
||||10|'l,517,379|1,454,958|
##
##
##
|2)Incoming Resources|2)Incoming Resources||Unrestricted|Designated|Total|Total|
|---|---|---|---|---|---|---|
||||||2023|2022|
|Investment
Income|||||||
|—Investment
Portfolio||||33,694|33,694|31,369|
|-Grays Lane and Essex Estates|||0||0|4,896|
|Bank and Deposit Interest|||362||362|41|
||||362|33,694|34,056|36,306|
|3)Resources Expended|||||||
|Charitable
Activities|||||||
|- Direct Staff Costs|||||16,410|15,500|
|- Other Charitable
Activities Costs|||||||
|Resident's
Gifts|||||2,398|1,500|
|StThomas Day and Midsummer||expenses|||1,994|2,253|
|Bad debts|||||2,526|3,860|
|Insurance|||||4,497|4,272|
|Telephone|||||1,731|1,678|
|Planned
Maintenance|||||26,313|33,249|
|Repairs and Maintenance|||||1,482|328|
|Garden Marntenance|||||5,788|3,906|
|Gas, Electricity and Water Services|||||7,649|5,263|
|Cleaning
and Cleaning
Materials|||||1,880|1,851|
|Equipment|||||698|0|
|Council Tax|||||1,525|2,506|
|Emergency
Call Out|Charges||||0|330|
|Miscellaneous
Property Costs|||||159|152|
||||||58,640|61,148|
|Governance
Costs|||||||
|Administration
costs|||||8,238|8,126|
|Examiner's Fees|||||35P|330|
|NAA Subscription|||||293|282|
|Stationery,
Postage and Advertising|||||461|345|
|Miscellaneous
Admin|costs||||823|1,241|
||||||10,165|10,324|
|Cost ofGenerating|Funds||||||
|Stockbrokers Fees|||||8,567|8,763|
||||||8,567|8,763|
|Total Resources Expended|||||93,782|95,735|
|4) Net Movement
in|Funds||||||
||||||2023|2022|
|Net movement
in funds is stated||after charging:|||6||
|Independent
Examiners Fees|||||350|330|
##
**==> picture [335 x 222] intentionally omitted <==**
|7)Investments|||||
|---|---|---|---|---|
|a) Investment
Portfolio (held|with Smith|&Williamson)|2023|2022|
|Opening
market value|||936,166|1,013,936|
|Acquisitions
at cost|||163,672|148,726|
|Sale proceeds from disposals|||(129,748)|(129,235)|
|Gain/(reduction)
ofcash held on deposit|||(8,731)|3,077|
|Gain/goes)
on revaluation|||(1,15S)|(101,237)|
|Realised Gains/(Losses)
on investment|||9,019|899|
|investments
at market value|||969,222|936,166|
|No II/laterial
Investments
were|held at the year end||||
|Historical cost at 30September 2020was 5863,784|||||
|b}Investment
(held with COLA Investment|Management|Limited)|2023|2022f|
|Opening
market value|||399,711|413,945|
|Additional
Accumulated
Units|- at cost||0|0|
|Gain/(loss)
on revaluation|||17,404|(14,234)|
|Investment
at market value|||417,115|399,711|
|Total Investments
at market|value||1,386,337|1,335,877|
|Summary ofRealised Gains/(Losses)|||2023|2022|
|Realised Gain/(Loss)
on Investment
Porlfolio {Note 'a' above)|||9,019|(899)|
||||9,019|(899}|
|Summary ofUnrealised
Gains/(Losses)|||2023|2022f|
|Unrealised
Gain on Investment|Portfolio ('a'|above)|(1,155)|(101,237)|
|Unrealised
Gain on Investment|fb' above)||1T,404|(I4,234)|
||||16,249|(115,471)|
##
##
|8)Debtors and|prepayments|prepayments|||||||
|---|---|---|---|---|---|---|---|---|
|Amounts
falling|due within one year||||||2023|2022|
||||||||8|F|
|Debtors|||||||6,296|703|
|Giber debtors and||prepayments|||||4,781|8,168|
|Bad debt provision||||||||0|
||||||||11,077|8,871|
|9)Creditors|||||||||
|Amounts
falling|due within one year||||||2023|2022|
||||||||6||
|Giber creditors|||||||3,153|3,307|
|Accruals|||||||2,403|1,865|
|Sad debt provision|||||||4,087|1,561|
||||||||9,643|6,733|
|10)Movement|in|Funds|||||||
||||Opening|Incoming||Transfers|Outgoing|Closing|
||||Funds|Resources|||Resources|Funds|
|Unrestncted
Funds|||||||||
|-General Reserves|||412,175|97,242|||(93,782) Note 3|415,635|
|Revalualion
Reserve|||667,714|||||667,714|
|Designated
Funds|||||||||
|—Redevelopment||Fund|375,069|58961|Notetat|||434,030|
|TotalFunds|||1,454,958|156,203|||(93,782)|1,517,379|