| Page | |
|---|---|
| OFFICERS | |
| REPORT OF THE TRUSTEES | |
| INDEPENDENT EXAMINER'S REPORT |
7a |
| PROFIT AND LOSS ACCOUNT | |
| BALANCE SHEET | |
| CASH FLOW STATEMENT | 10 |
| NOTES TO THE FINANCIAL STATEMENTS | 12 |
| Maint & | ||||||||
|---|---|---|---|---|---|---|---|---|
| General | Manage | Shared | Total Funds | Total Funds | ||||
| Fund | Fund | Areas Fund | 2022 | 2021 | ||||
| E | E | f | E | |||||
| Income | ||||||||
| Income from rents | 18,907.20 | 18,907.20 | 4,670.61 | |||||
| Contributions toShared Areas |
Fund | 1,883.89 | 1,883.89 | 169.55 | ||||
| RCEFGrant for Low Carbon | project | 40,000.00 | ||||||
| Retained from income | ||||||||
| Properly Maintenance | (2,836.08) | 2,836.08 | ||||||
| Tenancy Management | (1,890.72j | 1,890.72 | ||||||
| Bankinterest | 7.17 | 7.17 | 0.92 | |||||
| Total income | 54,187.57 | 4,726.80 | 1,883.89 | 60,798.26 | 4,841.08 | |||
| Expenditure | ||||||||
| Administration oflet properties |
487.91 | |||||||
| Propertyinsurance | 720.72 | 720.72 | 240.32 | |||||
| Directors &Officersinsurance | 200.00 | 200.00 | ||||||
| NCLTN membership | 150.00 | |||||||
| General administration and other corporate costs |
13.00 | 13.CO | 27.40 | |||||
| ProjectConsultantcyfees | 40,000.00 | 40,000.00 | ||||||
| Bank charges | 22.10 | 22.10 | 3.50 | |||||
| Property Maintenance expensed |
102.00 | 102.00 | ||||||
| Tenancy Management expensed |
||||||||
| Shared Areas maintenance | expensed | |||||||
| Net Income before provisions | and finance charges | 13,041.75 | 4,624.80 | 1,883.89 | 19,550.44 | 4,081.95 | ||
| Provision forStBartholomew's | share | ofnet income | 3,309AO | 3,309AO | 796A4 | |||
| Brabin's Mortgage interest | 3,379A6 | 3,379.46 | 579.68 | |||||
| Exceptional items |
||||||||
| Property acquisition costs |
Legal fees, | etc | 4,044.99 | |||||
| Property acquisition costs |
Surveyor's | completion | 330.00 | |||||
| Less Contribution to costs by Chipping |
Homes | (3,X0.00) | ||||||
| Net Surplus forthe Year | 6,352.89 | 4,624.80 | 1,883.89 | 12,861.58 | 1,330.84 | |||
| Reserves brought forward | 293.64 | 1,167.65 | 169.55 | 1,630.84 | 300.00 | |||
| Reserves carried forward | 6,646.53 | 5,792.45 | 2,053A4 | 14,492.42 | 1,630.84 |
| Maint & | ||||||
|---|---|---|---|---|---|---|
| General | Manage | Shared | Total Funds | Total Funds | ||
| Fund | Fund | Areas Fund | 2022 | 2021 | ||
| f | f | f | f | f | ||
| Fixed Assets | ||||||
| Interest in Head Lease at33IOrkl ands (2017Valuation) |
3X.00 | 300.00 | 3X.OO | |||
| Freehold Properties at Fellside (atcost 2020) | 325,0X.OO | 325,000.00 | 325,000.CO | |||
| Total Fixed Assets | 325,300.00 | 325,300.00 | ||||
| Current Assets | ||||||
| Cash at bank | 16,875.89 | 5,894A5 | 2,05344 | 24,823.78 | 11,005.22 | |
| Current Uabilities | ||||||
| Acmunt items post year end | 2,365.00 | 102.00 | 2,467.00 | |||
| StBartholomew's Share of Net Rental Income |
3,309.40 | 3,309.40 | ||||
| Total Assets less Current liabilities | 336,501.49 | 5,792.45 | 2,053.44 | 344,347.38 | 335,508.78 | |
| Long term Uabilities | ||||||
| RVBCGrant | 157,532.X | 157,532.00 | 157,532.00 | |||
| StBartholomew's Loan |
95,0X.OO | 95,000.X | 95,XO.OO | |||
| Brabin's Trust Mortgage Loan |
77,322.96 | 77,322.96 | 81,345.94 | |||
| Total Liabilities exceeding one year | 329,854.96 | 329,854.96 | 333,877.94 | |||
| Net Assets | 6,646.53 | 5,792.45 | 2,05344 | 14,492.42 | 1,630.84 | |
| Reserves | ||||||
| GeneralFund | 6,646.53 | 293.64 | ||||
| Maintenance &Management |
Fund | 5,792.45 | 1,167.65 | |||
| Shared Areas Fund | 2,053.44 | 169.55 | ||||
| Total Reserves | 14,492.42 | 1,630.84 |
| 2022 | 2021 | |
|---|---|---|
| f | f | |
| Net surplus forthe Year | 12,861.58 | 1,330.84 |
| Settlement ofStBartholomew's Share of2021Net Rental Income |
(796.44) | |
| Provision for StBartholomew's current Share of Net Rental Income |
3,309.40 | 796.44 |
| Other Account Current Liabilities | 2,467.00 | |
| Cash flow from Operating Activities |
17,841.54 | 2,127.28 |
| Investing Activities |
||
| Purchase of Properties at Fellside | (325,000.00) | |
| Financing Activities | ||
| RVBC Housing Grant | 157,532.00 | |
| Loan from StBartholomew's | 95,000.00 | |
| Mortgage Loan from Brabin's Almshouses |
82,000.00 | |
| Repayment of Mortgage Loan Capital |
(4,022.98) | (654.06) |
| Cash Flow from Financing Activities | (4,022.98) | 333,877.94 |
| Increase/(Decrease) in Cash |
13,818.56 | 11,005.22 |