##
##
##
##
||||||Page|
|---|---|---|---|---|---|
|Legal and Administrative|||Information|||
|Report ofthe|Directors||||4-8|
|Independent|Examiner's|Report||||
|Statement
of|the Financial||Activities||10|
|Comparative|Statement|ofthe Financial||Activities||
|Balance Sheet|||||12|
|Notes forming|part ofthe||Financial Statements||13-19|
##
|SOUTH WARWICKSHIRE|SOUTH WARWICKSHIRE|SOUTH WARWICKSHIRE|PLATO TR|UST|||||
|---|---|---|---|---|---|---|---|---|
|Legal and administrative|||information||||||
|Registered||Numbers:|||||||
|Charity||||1126506|||||
|Company||||06669076 (England|||and|Wales)|
|Directors|and Trustees|||P Law (Chairman)|||||
|||||G Haseldine|(resigned|||16'"May 2022)|
|||||A Marsden|||||
|||||G Yates|||||
|||||M Markham|(appointed|||27'"June 2022)|
|Company|Secretary|||P Liggins|||||
|General' Manager||||P Liggins|||||
|Registered||Office||172Emscote Road|||||
|||||Warwick|||||
|||||Warwickshire|||||
|||||CV34 5QN|||||
|Independent||Examiner||Steven Mugglestone|||FCA||
|||||Michael Haiwood||&|Co||
|||||Chartered
Accountants|||||
|||||Greville House|||||
|||||10Jury Street|||||
|||||Warwick|||||
|||||Warwickshire|||||
|Bankers||||Lloyds Bank|pic.||||
|||||The Parade|||||
|||||Leamington|Spa||||
|||||Warwickshire|||||
|||||NatWest Bank|||||
|||||1 Market Place|||||
|||||Nuneaton|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||Notes|Funds|2023|2022|
|Income from:||||||
|Rent and Rent Allowance|||364,124|364,124|359,157|
|Telephone
Income|||8|8|585|
|Council Tax re-imbursement|||||835|
|Interest Receivable|||12|12|6|
|Donations
received|||1,000|1,000||
|Damages
from resident|||160|160|620|
|Compensation|||||50|
|Tenant appliance
contributions|||105|105||
|Insurance
claim|||5,120|5,120||
|Total Income|||F370,529|F370,529|F361,253|
|Expenditure
on:||||||
|Charitable
Activities||4/5|308,858|308,858|288,738|
|Other Costs||6|4,002|4,002|3,822|
|Total Expenditure|||6312,860|6312,860|F292,560|
|Net movement
in funds|||57,669|57,669|68,693|
|Reconciliation
offunds:||||||
|Total funds brought|fonvard||1,120,451|1,120,451|1,051,758|
|Total funds carried forward||13|F1,178,120|F1,178,120|61,120,451|
##
|Incorporating
the|Income and|Expenditure
A|ccount)|||
|---|---|---|---|---|---|
||||Unrestricted|Total|Total|
|||Notes|Funds|2022|2021|
|Income from:||||||
|Rent and Rent Allowance|||359,157|359,157|350,078|
|Telephone
Income|||585|585|895|
|Council Tax re-imbursement|||835|835|942|
|Interest Receivable|||6|6|575|
|Donations
received|||||4,330|
|Damages
from resident|||620|620||
|Compensation|||50|50||
|Total Income|||F361,253|F361,253|8356,820|
|Expenditure
on:||||||
|Charitable
Activities
Other Costs||4/5
6|288,738
3,822|288,738
3,822|278,616
3,432|
|Total Expenditure|||6292,560|8292,560|8282,048|
|Net movement
in funds|||68,693|68,693|74,772|
|Reconciliation
offunds:||||||
|Total funds brought|forward||1,051,758|1,051,758|976,986|
|Total funds carried|forward|13|F1,120,451|F1,120,451|81,051,758|
##
##
##
|||||||Note|2023||2022|
|---|---|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||||
|Tangible assets||||||||1,163,913|1,013,750|
|Current Assets||||||||||
|Debtors: amount|falling due|||within||||||
|one year|||||||52,856||44,135|
|Cash at bank and||in|hand||||46,799||157,696|
||||||||99,655||201,831|
|Creditors: amount||falling due within||||||||
|one year||||||10|(30,922)||(23,220)|
|Net current assets||||||||68,733|178,611|
|Total assets less||current||liabilities||||1,232,646|1,192,361|
|Creditors:
amount|||falling|due|after|||(54,526)|(71,910)|
|more than one year||||||||||
|Net Assets||||||||61,178,120|61,120,451|
|Funds:||||||||||
|Unrestricted
Funds||||||13||1,178,120|1,120,451|
|Total charity funds||||||||61,178,120|61,120,451|
##
##
##
##
##
##
##
##
##
##
|No|tes to the Accou|nts||for the year|ended 31|"January 2023|||
|---|---|---|---|---|---|---|---|---|
|||||||2023|||
|||||||Unrestricted|Total|Total|
|||||||Funds|2023|2022|
|4.|DIRECT CHARITABLE|||EXPENDITURE||E|E||
||Staff salaries|||||76,155|76,155|72,951|
||Pension|||||1,968|1,968|1,968|
||Rent|||||75,260|75,260|79,295|
||Rates|||||9,768|9,768|9,401|
||Insurance|||||11,008|11,008|9,963|
||Electricity
Gas
TV licences|||||21,979
12,046
3,776|21,979
12,046
3,776|19,933
9,126
4,109|
||Heating
and appliance|||repairs||3,902|3,902|2,962|
||Decorating|||||2,665|2,665|2,494|
||Building repairs|||||12,925|12,925|10,541|
||Telephone|||||393|393|2,926|
||Cleaning|||||19,942|19,942|16,369|
||Gardening|||||2,423|2,423|3,890|
||Renewal
of household||equipment|||14,532|14,532|5,950|
||Council tax|||||(278)|(278)|1,117|
||Travel and expenses|||||4,320|4,320|3,728|
||Legal and professional|||||3,640|3,640|7,216|
||Loan arrangement|fees||||||1,270|
||Loan interest|||||2,959|2,959|510|
||Management
charge|||||6,814|6,814|5,324|
||Support costs (Note 5)|||||22,661|22,661|17,695|
|||||||F308,858|E308,858|E288,738|
|||||||2023|||
|||||||Unrestricted|Total|Total|
|||||||Funds|2023|2022|
|5.|SUPPORT COSTS|||||E|E|E|
||Bookkeeping
services|||||6,020|6,020|4,896|
||Office equipment|repairs and servicing||||350|350|202|
||Stationery
and postage|||||951|951|1,256|
||Bank charges|||||1,159|1,159|739|
||Website maintenance||and computer||support|2,118|2,118|558|
||Office rent/management|||charge||5,598|5,598|6,426|
||Office council tax|||||3,400|3,400||
||Office telephone|||||2,578|2,578|2,980|
||Sundry costs|||||487|487|638|
|||||||E22,661|E22,661|E'17,695|
##
##
##
|s tothe Accounts for|t|he year ended|31"Jan|u|ary|2023||||
|---|---|---|---|---|---|---|---|---|---|
|OTHER COSTS||||||||2023|2022|
|||||||||6|F|
|Independent
Examiner's
Accountancy
fees|fee|||||||2,250
1,752|2,222
1,600|
|||||||||F4,002|63,822|
|TANGIBLE ASSETS—INVESTMENT PROPERTIES||||||||||
|||||||2023||2023|2023|
||||||Freehold||Leasehold||Total|
|Cost at 1"February 2022|||||6
330,000|||6
683,750|1,013,750|
|Improvements
to freehold||property|||150,163||||150,163|
|Cost at 31"January 2023|||||6480,163||6683,750||61,163,913|
|The valuations
of the above properties
have been considered
by the Trustees
at the year end and
in their opinion,
they still reflect a fair market value given their rental income and current use. They
do not consider the cost of a professional
valuation
would
form a useful
purpose
at this time, as
there is no intention to sell the properties.||||||||||
|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE||||YEAR|||2023|2022|
|||||||||6|E|
|Rent receivable||||||||21,035|18,486|
|Prepayments
and accrued||income||||||11,416|13,708|
|Other debtors||||||||20,405|11,941|
|||||||||652,856|644,135|
|CASH AT BANK AND IN||HAND||||2023||||
|||||Unrestricted||||Total|Total|
|||||||Funds||2023|2022|
|||||||6||6|6|
|Lloyds Current account||||||33,709||33,709|144,620|
|NatWest
Direct Reserve|account|||||140||140|139|
|Lloyds Business account||||||12,650||12,650|12,638|
|Cash in hand||||||300||300|300|
||||||F46,799|||Z48,799|F157,697|
##
|Not|es tothe Accounts for t|es tothe Accounts for t|es tothe Accounts for t|he year e|he year e|nded|31"January 2023||||
|---|---|---|---|---|---|---|---|---|---|---|
|10.|CREDITORS: AMOUNTS|||FALLING||DUE|WITHIN ONE YEAR||2023|2022|
||||||||||6|6|
||Trade creditors||||||||1,319|2,601|
||Bank loan||||||||17,384|16,728|
||Accrued expenses||||||||11,323|3,891|
||Other creditors||||||||896||
|||||||||630,922||623,220|
|11.|CREDITORS: AMOUNTS|||FALLING||DUE|AFTER ONE YEAR||2023|2022|
||||||||||6|6|
||Bank loans|||||||654,526||671,910|
||Analysis of loans||||||||||
||Not wholly
repayable
within five||||years by instalments:||||||
||Bank loans||||||||71,910|88,638|
||||||||||71,910|88,638|
||included
within
current||liabilities|||||(17,384)||(16,728)|
|||||||||654,526||F71,910|
||Loan maturity
analysis||||||||||
||Debt due
in one year or less||||||||17,384|16,728|
||In more than one|year|but|not more than two years|||||18,033|17,384|
||In more than two years||but not more|||than five years|||36,493|54,526|
|||||||||671,910||688,638|
||Creditors
falling
due
871,910).This loan is||in
more
repayable||than
one
in 2026 at||year
include
secured
a fixed rate of3.72%.|creditors|of F54,526 (2022:||
|12.|STAFF SALARIES||||||||2023|2022|
||||||||||6|6|
||Salaries
Social security||||||||73,185
2,970|69,884
3,067|
|||||||||576,155||F72,951|
||Pension||||||||F1,968|F1,968|
||The number of full|and|part-time||employees||was as follows:||||
||Administration||||||||||
||No employee
received||emoluments
over F60,000 in the year||||||||
|13.|FUNDS||||
|---|---|---|---|---|
|||||Unrestricted|
|||||Funds|
|||||6|
||Balance|at|1"February 2022|1,120,451|
||Income|in year||370,529|
||Expenditure||in year|(312,860)|
||Balance|at|31"January 2023|E1,178,120|
|||||Unrestricted|
|||||Funds|
|||||6|
||Balance|at|1"February 2021|1,051,758|
||Income|in year||361,253|
||Expenditure||in year|(292,560)|
||Balance|at|31"January 2022|F1,120,451|
|14.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||
|||||Unrestricted|
|||||Funds|
|||||2023|
|||||8|
||Fixed assets|||1,163,913|
||Cash and current assets|||99,655|
||Current|liabilities||(30,922)|
||Long term||liability|(54,526)|
|||||61,178,120|
|||||Unrestricted|
|||||Funds|
|||||2022|
|||||6|
||Fixed assets|||1,013,750|
||Cash and current assets|||201,831|
||Current|liabilities||(23,220)|
||Long term||liability|.(71,910)|
|||||F1,120,451|
##
##
##