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2023-03-31-accounts
Directors |
MarkHancock |
(resigned16June2023) |
|
JulianSmith |
(resigned16June2023) |
|
KatieBond |
(resigned16June2023) |
|
HughBullock |
|
|
LisaDuckworth |
|
|
TomFawcett |
(appointed16June2023) |
|
JamesMaloney |
(appointed16June2023) |
Secretary |
HughBruce-Watt |
|
RegisteredOffice |
1LancasterPlace |
|
|
Strand |
|
|
London |
|
|
WC2E7ED |
|
Companyregistrationnumber |
06455755 |
|
Charitynumber |
1130880 |
|
Auditors |
SafferyLLP |
|
|
71QueenVictoriaStreet |
|
|
London |
|
|
EC4V4BE |
|
Bankers |
Coutts& Co |
|
|
440Strand |
|
|
London |
|
|
WC2ROQS |
|
Solicitors |
TrowersandHamlins |
|
|
3BunhillRow |
|
|
London |
|
|
EC1Y8YZ |
|
MarkHancock |
(resigned16June2023) |
JulianSmith |
(resigned16June2023) |
KatieBond |
(resigned16June2023) |
HughBullock |
|
LisaDuckworth |
|
TomFawcett |
(appointed16June2023) |
JamesMaloney |
(appointed16June2023) |
|
Notes |
2023 |
2022 |
|
|
£ |
|
Incomefrom: |
|
|
|
Charitableactivities |
3 |
573,320 |
1,088,965 |
Other |
4 |
1,377 |
49 |
Totalincome |
|
574,697 |
1,089,014 |
Expenditureon: |
|
|
|
Charitableactivities |
5 |
110,366 |
114,673 |
Totalexpenditure |
|
110,366 |
114,673 |
Othergainsandlosses |
6 |
- |
|
Netincomefortheyear |
|
464,331 |
974,341 |
Netmovementinfunds |
|
464,331 |
974,341 |
Totalfundsbroughtforward |
11 |
6,654,901 |
5,680,560 |
Totalfundscarriedforward |
11 |
7,119,232 |
6,654,901 |
|
Notes |
2023 |
2022 |
|
|
£ |
£ |
Fixedassets |
|
|
|
Tangibleassets |
8 |
6,933,976 |
5,900,921 |
Currentassets |
|
|
|
Debtors |
9 |
5,508 |
220,969 |
Cashatbank |
|
213,618 |
594,415 |
|
|
219,126 |
815,384 |
Currentliabilities |
|
|
|
Creditors |
10 |
(33,870) |
(61,404) |
Netcurrentassets |
|
185,256 |
753,980 |
Netassets |
|
7,119,232 |
6,654,901 |
Reserves |
|
|
|
Unrestrictedfunds: |
|
|
|
GeneralFund |
11 |
185,255 |
753,979 |
DesignatedFund |
11 |
6,933,977 |
5,900,922 |
Netfunds |
|
7,119,232 |
6,654,901 |
|
|
|
2023 |
|
2022 |
|
Notes |
£ |
£ |
£ |
£ |
Net cashprovidedby/(usedin) |
13 |
|
650,881 |
|
825,963 |
operatingactivities |
|
|
|
|
|
Cashflowsfrominvestingactivities |
|
|
|
|
|
Purchaseoftangibleassets |
|
(870,898) |
|
(702,932) |
|
Capitalisedimprovements |
|
(162,157) |
|
|
|
Interestreceived |
|
1,377 |
|
49 |
|
Netcashusedininvesting |
|
|
(1,031,678) |
|
(702,883) |
activities |
|
|
|
|
|
Net(decrease)/increaseincash |
|
|
(380,797) |
|
123,080 |
Cashatthebeginningoftheyear |
|
|
594,415 |
|
471,335 |
Cashattheendoftheyear |
|
|
213,618 |
|
594,415 |
Cashcomprises: |
|
|
|
|
|
Cashatbank |
|
|
213,618 |
|
594,415 |
3. |
Incomefromcharitableactivities |
2023 |
2022 |
|
|
£ |
£ |
|
DonationfromDuchyofLancaster |
350,000 |
900,000 |
|
Rentreceivablefromaffordablehousing |
223,320 |
188,965 |
|
|
573,320 |
1,088,965 |
4. |
Other |
2023 |
2022 |
|
|
£ |
£ |
|
Bankinterest |
1,377 |
49 |
|
|
1,377 |
49 |
5. |
Charitableactivities |
2023 |
2022 |
|
|
£ |
£ |
|
Propertymaintenanceandrepairs
Propertymanagementfees
Otherlegalandprofessionalfees |
58,045
23,544
6,416 |
67,673
22,708
4,420 |
|
Bankcharges
Auditfees
Insurancecosts
Badanddoubtfuldebts |
8,500
13,932
(71) |
5,528
13,884
460 |
|
|
110,366 |
114,673 |
6. |
Othergainsandlosses |
|
|
|
fixedassetinvestments |
2023 |
2022 |
|
|
£ |
£ |
|
Changesinthefairvalueofinvestmentproperties |
|
|
angiblefixedassets |
|
|
|
Landand |
|
|
Buildings |
|
|
£ |
|
Cost |
|
|
At1 April2022 |
5,900,921 |
|
Additions |
1,033,055 |
|
Revaluation |
|
- |
At31March2023 |
6,933,976 |
|
|
Debtors |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Otherdebtors |
5,508 |
220,969 |
|
|
5,508 |
220,969 |
10. |
Creditors |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Creditors |
33,870 |
61,404 |
|
|
33,870
|
61,404
|
|
|
|
|
|
Investments |
Transfers |
Transfers |
Asat31 |
|
Asat1 |
Incoming |
Outgoing |
|
Gains/ |
between |
|
March |
|
April2022 |
resources |
resources |
|
(losses) |
funds |
|
2023 |
|
£ |
£ |
£ |
|
£ |
|
£ |
£ |
Unrestricted |
|
|
|
|
|
|
|
|
funds: |
|
|
|
|
|
|
|
|
Generalfunds
753,979 |
|
574,697 |
(110,366) |
|
- |
(1,033,055) |
|
185,255 |
Designated |
|
|
|
|
|
|
|
|
fund; |
|
|
|
|
|
|
|
|
PropertyFund
5,900,922 |
|
|
- |
- |
- |
1,033,055 |
|
6,933,977 |
|
6,654,901
|
574,697
|
(110,366)
|
|
-
|
|
-
|
7,119,232
|
|
DesignatedfundscompriseofthePropertyFundwhichisthevalueoftherental |
|
|
|
|
|
propertyheldby |
|
|
thecharitytofulfilitsobjectsofprovisionofhousing,accommodation,assistanceto |
|
|
|
|
|
|
helphouse |
|
peopleandassociatedfacilitiesandamenitiesforthoseinnecessitous |
|
|
|
|
circumstances. |
|
|
12. |
Relatedpartytransactions |
|
|
|
|
|
|
|
|
Duringtheyear,the |
DukeofLancasterHousing |
|
Trustreceiveda donationof£350,000 |
|
|
|
fromthe |
|
DuchyofLancaster(2022:£900,000). |
|
|
|
|
|
|
|
13. |
Reconciliationofnet |
income/(expenditure)to |
|
netcashflowfromoperatingactivities |
|
|
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
|
|
£ |
|
£ |
|
Netincome/(expenditure)forthereportingperiod |
|
|
|
|
464,331 |
|
974,341 |
|
Adjustmentsfor: |
|
|
|
|
|
|
|
|
Interestreceived |
|
|
|
|
(1,377) |
|
(49) |
|
(Increase)/decrease |
indebtors |
|
|
|
215,461 |
|
(194,122) |
|
Increase/(decrease) |
increditors |
withinoneyear |
|
|
(27,534) |
|
45,793 |
|
(Gain)/lossoninvestmentproperty |
|
|
|
|
- |
|
- |
|
|
|
|
|
|
650,881
|
|
825,963
|