2022-03-31-accounts

	Page
Trustees' Report	1 to 7
Statement of Trustees' Responsibilities	8
Report of the Independent Auditors	9 to 10
Statement of Financial Activities	11
Balance Sheet	12
Cash Flow Statement	13
Notes to the Cash Flow Statement	14
Notes to the Financial Statements	15 to 23

					2022	2021
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes	£	£	£	£	£
INCOME AND ENDOWMENTS
FROM
Charitable activities	4
Provide accommodation via
almshouses, sheltered housing
and a residential care home for
the residents of Derby Provide commercial premises for		2,011,330			2,011,330	1,945,828
rent		183,309			183,309	187,958
Investment income Other income	3	275,437 56,424			275,437 56,424	268,185 65,652
Total		2,526,500			2,526,500	2,467,623
EXPENDITURE ON
Charitable activities	5
Provide accommodation via
almshouses, sheltered housing
and a residential care home for
the residents of Derby Support financial hardship of		1,712,999			1,712,999	1,766,924
residents of Derby via
Household fund and Chair's
Crisis Fund		54,614			54,614	24,504
Provide commercial premises for
rent		11,233			11,233
Total		1,778,846			1,778,846	1,791,428
Net gains on investments		679,058		16.447	695,505	1,225,253
NET INCOME		1,426,712		16,447	1,443,159	1,901,448
RECONCILIATION OF FUNDS
Total funds brought forward	22,501,103			236,258	22,737,361	20,835,913
TOTAL FUNDS CARRIED
FORWARD	23,927,815			252,705	24,180,520	22,737,361

					2022	2021
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes	£	£	£	£	£
FIXED ASSETS
Tangible assets	12	11,275,771			11,275,771	11,237,669
Investments
Investments	13	9,626,236		252,705	9,878,941	8,926,298
Investment property	14	2,707,624			2,707,624	2,532,388
		23,609,631		252,705	23,862,336	22,696,355
CURRENT ASSETS
Debtors: amounts falling due
within one year	15	141,522			141,522	187,514
Cash at bank and in hand		449,181			449,181	165,723
		590,703			590,703	353,237
CREDITORS
Amounts falling due within one
year	16	(272,519)			(272,519)	(312,231)
NET CURRENT ASSETS		318,184			318,184	41,006
TOTAL ASSETS LESS
CURRENT LIABILITIES		23,927,815		252,705	24,180,520	22,737,361
NET ASSETS		23,927,815		252,705	24,180,520	22,737,361
FUNDS	17
Unrestricted funds					23,927,815	22,501,103
Endowment funds					252,705	236,258
TOTAL FUNDS					24,180,520	22,737,361

		2022	2021
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	648,672	589,879
Finance costs paid		(3,266)	(2,770)
Net cash provided by operating activities		645,406	587,109
Cash flows from investing activities
Purchase of tangible fixed assets		(205,012)	(199,400)
Purchase of fixed asset investments		(648,145)	(1,440,467)
Purchase of investment property		(26,032)	(17,388)
Sale of fixed asset investments		241,804	567,199
Interest received		275,437	268,185
Net cash used in investing activities		(361,948)	(821,871)
Change in cash and cash equivalents in
the reporting period		283,458	(234,762)
Cash and cash equivalents at the
beginning of the reporting period		165,723	400,485
Cash and cash equivalents at the end of
the reporting period		449,181	165,723

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING	ACTIVITIES
		2022	2021
		£	£
	Net income for the reporting period (as per the Statement of Financial
	Activities)	1,443,159	1,901,448
	Adjustments for:
	Depreciation charges	166,910	123,095
	Gain on investments	(695,505)	(1,225,253)
	Interest received	(275,437)	(268,185)
	Finance costs	3,266	2,770
	Decrease in stocks		2,471
	Decrease/(increase) in debtors	45,992	(105,851)
	(Decrease)/increase in creditors	(39,713)	159,384
	Net cash provided by operations	648,672	589,879

2.	ANALYSIS OF CHANGES IN NET FUNDS
		At 1.4.21	Cash flow	At 31.3.22
		£	£	£
	Net cash
	Cash at bank and in hand	165,723	283,458	449,181
		165,723	283,458	449,181
	Total	165,723	283,458	449,181

Tangiblefixedassets	Tangiblefixedassets
... , . Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Housing properties for letting	10% on cost, 5% on cost, not provided and between 15 to 50
	years
Non-social housing properties Fixtures and fittings	not provided and between 15 to 50 years 33% on reducing balance, 20% on reducing balance and 10% on cost
Motor vehicles	25% on reducing balance

INVESTMENT INCOME
		2022	2021
		£	£
Bank interest		24	168
NAACIF & M&G Charifund interest		247,431	241,243
COIF interest		27,982	26,774
		275,437	268,185
INCOME FROM CHARITABLE ACTIVITIES
		2022	2021
	Activity	£	£
	Provide accommodation via almshouses,
Almshouse & market property sheltered housing and a residential care
rents	home for the residents of Derby	876,054	872,093
	Provide accommodation via almshouses,
	sheltered housing and a residential care
Care home residential fees	home for the residents of Derby	1,135,276	1,073,735
Commercial rents	Provide commercial premises for rent	183,309	187,958
		2,194,639	2,133,786

5.	CHARITABLE ACTIVITIES COSTS
			Grant
			funding of
			activities	Support
		Direct	(see note	costs (see
		Costs	6)	note 7)	Totals
		£	£	£	£
	Provide accommodation via
	almshouses, sheltered housing and a
	residential care home for the residents
	of Derby	1,565,672	50,647	96,680	1,712,999
	Support financial hardship of residents
	of Derby via Household fund and Chair's
	Crisis Fund		54,614		54,614
	Provide commercial premises for rent	11,233			11,233
		1,576,905	105,261	96,680	1,778,846
6.	GRANTS PAYABLE
				2022	2021
				£	£
	Provide accommodation via almshouses, sheltered housing and a residential
	care home for the residents of Derby			50,647	51,092
	Support financial hardship of residents of Derby via Household fund and
	Chair's Crisis Fund			54,614	24,504
				105,261	75,596

	2022	2021
	£	£
Winter fuel and water payments	38,100	39,451
Christmas presents - Almshouse residents	9,047	9,091
Residents' outings		18
Amenities fund	800	(800)
Household fund	52,474	24,289
Chair's Crisis Fund	2,140	260
Christmas hampers	1,900	1,900
Christmas presents - Care Home residents	800	800
Fees shortfall contributions		587
	105,261	75,596
SUPPORT COSTS
		Governance
		costs
		£
Provide accommodation via almshouses,
sheltered housing and a residential care
home for the residents of Derby		96,680

AUDITORS' REMUNERATION
	2022	2021
	£	£
Fees payable to the charity's auditors for the audit of the charity's financial
statements	5,000	5,000

STAFF COSTS
	2022	2021
	£	£
Wages and salaries	964,599	977,831
Social security costs	70,863	71,774
Other pension costs	17,112	16,628
	1,052,574	1,066,233

	2022	2021
Senior management	2	2
Office staff	5	5
Maintenance staff	4	4
Resident support and care home staff	40	38
	51	49

11.	COMPARATIVES FOR THE STATEMENT OF	COMPARATIVES FOR THE STATEMENT OF	FINANCIAL ACTIVITIES	FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Endowment	Total
			funds	funds	fund	funds
			£	£	£	£
	INCOME AND ENDOWMENTS	FROM
	Charitable activities
	Provide accommodation via almshouses,
	sheltered housing and a residential care home
	for the residents of Derby		1,945,828			1,945,828
	Provide commercial premises for rent		187,958			187,958
	Investment income		268,185			268,185
	Other income		65,652			65,652
	Total		2,467,623			2,467,623
	EXPENDITURE ON
	Charitable activities
	Provide accommodation via almshouses,
	sheltered housing and a residential care home
	for the residents of Derby		1,766,924			1,766,924
	Support financial hardship of residents of
	Derby via Household fund and Chair's Crisis
	Fund		24,504			24,504
	Total		1,791,428			1,791,428
	Net gains on investments		1,181,495		43,758	1,225,253
	NET INCOME		1,857,690		43,758	1,901,448
	RECONCILIATION OF FUNDS
	Total funds brought forward		20,643,413		192,500	20,835,913
	TOTAL FUNDS CARRIED FORWARD		22,501,103		236,258	22,737,361
12.	TANGIBLE FIXED ASSETS
		Housing
		properties	Non-social	Fixtures
		for	housing	and	Motor
		letting	properties	fittings	vehicles	Totals
		£	£	£	£	£
	COST
	At 1 April 2021	10,271,682	1,200,054	365,141	13,900	11,850,777
	Additions	168,805	5,203	31,004		205,012
	At 31 March 2022	10,440,487	1,205,257	396,145	13,900	12,055,789
	DEPRECIATION
	At 1 April 2021	386,404	16,493	200,709	9,502	613,108
	Charge for year	86,901	3,180	73,354	3,475	166,910
	At 31 March 2022	473,305	19,673	274,063	12,977	780,018
	NET BOOK VALUE
	At 31 March 2022	9,967,182	1,185,584	122,082	923	11,275,771
	At 31 March 2021	9,885,278	1,183,561	164,432	4,398	11,237,669

FIXED ASSET INVESTMENTS
		Cash and
	Listed	settlements
	investments	pending	Totals
	£	£	£
MARKET VALUE
At 1 April 2021	7,110,107	1,816,191	8,926,298
Additions	104,912	543,233	648,145
Disposals		(241,804)	(241,804)
Revaluations	546,302		546,302
At 31 March 2022	7,761,321	2,117,620	9,878,941
NET BOOK VALUE
At 31 March 2022	7,761,321	2,117,620	9,878,941
At 31 March 2021	7,110,107	1,816,191	8,926,298

		Cash and
	Listed	settlements
	investments	pending	Totals
	£	£	£
Valuation in 2022	546,302		546,302
Cost	7,215,019	2,117,620	9,332,639
	7,761,321	2,117,620	9,878,941
INVESTMENT PROPERTY
			£
FAIR VALUE
At 1 April 2021			2,532,388
Additions			26,032
Revaluation			149,204
At 31 March 2022			2,707,624
NET BOOK VALUE
At 31 March 2022			2,707,624
At 31 March 2021			2,532,388
Fair value at 31 March 2022 is represented by:
			£
Valuation in 2022			149,204
Cost			2,558,420
			2,707,624

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
	£	£
Rents, maintenance contributions and care home fees outstanding	83,259	143,363
Other debtors	32,775	32,775
Prepayments and accrued income	25,488	11,376
	141,522	187,514
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
	£	£
Payments on account	47,630	104,065
Trade creditors	39,417	73,029
Social security and other taxes	18,542	14,188
Other creditors	111,526	96,122
Accrued expenses	55,404	24,827
	272,519	312,231

MOVEMENT IN FUNDS
		Net	T ransfers
		movement	between	At
	At 1.4.21	in funds	funds	31.3.22
	£	£	£	£
Unrestricted funds
General reserves	14,476,187	960,478	(401,711)	15,034,954
Extraordinary Repair Fund	2,221,914	241,220	169,521	2,632,655
Cyclical Maintenance Fund	678,714	62,235	(41,114)	699,835
Property Development Fund	2,404,447	40,387	253,968	2,698,802
Asset Replacement Reserve	82,224		(664)	81,560
Charitable Fund	436,490			436,490
Liversage Court- Fee Shortfall Fund	22,977			22,977
Liversage Court- Equalisation Fund	145,000			145,000
Cueen Victoria Loan Fund	1,380,933	122,392		1,503,325
Liversage Court - Depreciation fund	652,217		20,000	672,217
	22,501,103	1,426,712		23,927,815
Endowment funds
General Endowment	236,258	16,447		252,705
TOTAL FUNDS	22,737,361	1,443,159		24,180,520

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General reserves	2,421,589	(1,782,320)	321,209	960,478
Extraordinary Repair Fund	92,463	3,474	145,283	241,220
Cyclical Maintenance Fund			62,235	62,235
Property Development Fund	12,448		27,939	40,387
Queen Victoria Loan Fund			122,392	122,392
	2,526,500	(1,778,846)	679,058	1,426,712
Endowment funds
General Endowment			16,447	16,447
TOTAL FUNDS	2,526,500	(1,778,846)	695,505	1,443,159

		Net	Transfers
		movement	between	At
	At 1.4.20	in funds	funds	31.3.21
	£	£	£	£
Unrestricted funds
General reserves	14,172,193	882,541	(578,547)	14,476,187
Extraordinary Repair Fund	1,548,857	480,991	192,066	2,221,914
Cyclical Maintenance Fund Property Development Fund Asset Replacement Reserve	596,444 1,970,128 88,716	125,909 81,707	(43,639) 352,612 (6,492)	678,714 2,404,447 82,224
Charitable Fund	436,490			436,490
Liversage Court- Fee Shortfall Fund	22,977			22,977
Liversage Court- Equalisation Fund	116,000		29,000	145,000
Queen Victoria Loan Fund	1,094,391	286,542		1,380,933
Liversage Court - Depreciation fund	597,217		55,000	652,217
	20,643,413	1,857,690		22,501,103
Endowment funds
General Endowment	192,500	43,758		236,258
TOTAL FUNDS	20,835,913	1,901,448		22,737,361

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General reserves	2,356,180	(1,791,428)	317,789	882.541
Extraordinary Repair Fund	77,843		403,148	480,991
Cyclical Maintenance Fund Property Development Fund	20,377 13,223		105,532 68,484	125,909 81,707
Queen Victoria Loan Fund			286,542	286.542
	2,467,623	(1,791,428)	1,181,495	1,857,690
Endowment funds
General Endowment			43,758	43,758
TOTAL FUNDS	2,467,623	(1,791,428)	1,225,253	1,901,448