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|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|
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||||||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|
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||||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|
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||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|
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