||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ##