## 




## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 



## 

||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|fund|funds|funds|
||Notes|£|£|£|£|£|
|**INCOME** **AND** **ENDOWMENTS**|||||||
|**FROM**|||||||
|Donations and legacies|3|1,053|||1,053||
|**Charitable** **activities**|`5`||||||
|Provide accommodation via|||||||
|almshouses, sheltered housing|||||||
|and a residential care home for|||||||
|the residents of Derby||`2,154,551`|||`2,154,551`|`2,011,330`|
|Provide commercial premises for|||||||
|`rent`||`176,635`|||`176,635`|`183,309`|
|Investment income|`4`|`354,064`|||`354,064`|`275,437`|
|Other income||`10,692`|||`10,692`|`56,424`|
|**Total**||2,696,995|||2,696,995|2,526,500|
|**EXPENDITURE** **ON**|||||||
|**Charitable** **activities**|6||||||
|Provide accommodation via|||||||
|almshouses, sheltered housing|||||||
|and a residential care home for|||||||
|the residents of Derby||2,227,778|||2,227,778|1,712,999|
|Support financial hardship of|||||||
|residents of Derby via Household|||||||
|fund and Chair's Crisis Fund||70,218|||70,218|54,614|
|Provide commercial premises for|||||||
|rent||7,616|||7,616|11,233|
|**Total**||2,305,612|||2,305,612|1,778,846|
|Net gains/(losses) on investments||(292,562)||(7,041)|(299,603)|695,505|
|**NET** **INCOME/(EXPENDITURE)**||98,821||(7,041)|91,780|1,443,159|
|**RECONCILIATION** **OF** **FUNDS**|||||||
|Total funds brought forward||23,927,815||252,705|24,180,520|22,737,361|
|`TOTAL` `FUNDS` `CARRIED`|||||||
|`FORWARD`||24,026,636||245,664|24,272,300|24,180,520|





||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|fund|funds|funds|
||Notes|£|£|£|£|**£**|
|**FIXED** **ASSETS**|||||||
|Tangible assets|13|11,435,816|||11,435,816|11,275,771|
|**Investments**|||||||
|Investments|14|9,782,012||245,664|10,027,676|9,878,941|
|Investment property|15|2,707,624||______-|2,707,624|2,707,624|
|||23,925,452||`245,664`|`24,171,116`|`23,862,336`|
|**CURRENT** **ASSETS**|||||||
|Stocks|16|2,976|||2,976||
|Debtors: amounts falling due|||||||
|within one year|17|91,998|||91,998|141,522|
|Cash at bank and in hand||432,007|||432,007|449,181|
|||526,981|||526,981|590,703|
|**CREDITORS**|||||||
|Amounts falling due within one|||||||
|year|18|(425,797)|||(425,797)|(272,519)|
|**NET** **CURRENT** **ASSETS**||101,184|||101,184|318,184|
|**TOTAL** **ASSETS** **LESS**|||||||
|**CURRENT** **LIABILITIES**||24,026,636||245,664|24,272,300|24,180,520|
|**NET** **ASSETS**||24,026,636||245,664|24,272,300|24,180,520|
|**FUNDS**|19||||||
|Unrestricted funds|||||`24,026,636`|`23,927,815`|
|Endowment funds|||||`245,664`|`252,705`|
|**TOTAL** **FUNDS**|||||24,272,300|24,180,520|






## 

## 

|||2023|2022|
|---|---|---|---|
||Notes|£|£|
|**Cash** **flows** **from** **operating** **activities**||||
|Cash generated from operations|`1`|`382,104`|`648,672`|
|Finance costs paid||`(3,295)`|`(3,266)`|
|Net cash provided by operating activities||`378,809`|645,406|
|**Cash** **flows** **from** **investing** **activities**||||
|Purchase of tangible fixed assets||`(301,707)`|`(205,012)`|
|Purchase of fixed asset investments||`(448,338)`|`(648,145)`|
|Purchase of investment property||`(2)`|`(26,032)`|
|Sale of fixed asset investments|||`241,804`|
|Interest received||`354,064`|`275,437`|
|Net cash used in investing activities||`(395,983)`|`(361,948)`|
|**Change** **in** **cash** **and** **cash** **equivalents** **in**||||
|**the** **reporting** **period**||`(17,174)`|`283,458`|
|**Cash** **and** **cash** **equivalents** **at** **the**||||
|**beginning** **of** **the** **reporting** **period**||`449,181`|`165,723`|
|**Cash** **and** **cash** **equivalents** **at** **the** **end** **of**||||
|**the** **reporting** **period**||432,007|449,181|





## 

## 

||||2023|2022|
|---|---|---|---|---|
||||£|£|
||**Net** **income** **for** **the** **reporting** **period** **(as** **per** **the** **Statement** **of** **Financial**||||
||**Activities)**||91,780|1,443,159|
||**Adjustments** **for:**||||
||Depreciation charges||141,663|166,910|
||Losses/(gain) on investments||299,603|(695,505)|
||Interest received||(354,064)|(275,437)|
||Finance costs||3,295|3,266|
||Increase in stocks||(2,976)||
||Decrease in debtors||49,524|45,992|
||lncrease/(decrease) in creditors||153,279|(39,713)|
||**Net** **cash** **provided** **by** **operations**||382,104|648,672|
|**2.**|**ANALYSIS** **OF** **CHANGES** **IN** **NET** **FUNDS**||||
|||At 1.4.22|Cash flow|At 31.3.23|
|||£|£|£|
||**Net** **cash**||||
||Cash at bank and in hand|`449,181`|`(17,174)`|`432,007`|
|||`449,181`|`(17,174)`|`432,007`|
||`Total`|`449,181`|`(17,174)`|`432,007`|





## 

## 

## 

## 

## 

## 

|Housing properties for letting|10% on cost, 5% on cost, not provided and between 15 to 50|
|---|---|
||years|
|Non-social housing properties|not provided and between 15 to 50 years|
|Fixtures and fittings|33% on reducing balance, 20% on reducing balance and 10% on|
||cost|
|Motor vehicles|25% on reducing balance|
|Property components lifespan are as defined in DCLG Decent Homes Guidance Annex A.||



## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

|**3.**|**DONATIONS** **AND** **LEGACIES**||||
|---|---|---|---|---|
||||2023|2022|
||||£|£|
||Donations||1,053||
|**4.**|**INVESTMENT** **INCOME**||||
||||2023|2022|
||||£|£|
||Bank interest||1,839|24|
||M&G Securities Funds income||295,564|`247,431`|
||CCLA Investment income and Deposit interest||56,661|`27,982`|
||||`354,064`|`275,437`|
|5.|**INCOME** **FROM** **CHARITABLE** **ACTIVITIES**||||
||||2023|2022|
|||Activity|£|£|
|||Provide accommodation via almshouses,|||
||Almshouse & market property|sheltered housing and a residential care home|||
||rents|for the residents of Derby|907,222|876,054|
|||Provide accommodation via almshouses,|||
|||sheltered housing and a residential care home|||
||Care home residential fees|for the residents of Derby|1,247,329|1,135,276|
||Commercial rents|Provide commercial premises for rent|176,635|183,309|
||||2,331,186|2,194,639|



## 

|**CHARITABLE** **ACTIVITIES** **COSTS**|||||
|---|---|---|---|---|
|||Grant|||
|||funding of|||
|||activities|Support||
||Direct|(see note|costs (see||
||Costs|7)|note 8)|Totals|
||£|£|£|£|
|Provide accommodation via almshouses,|||||
|sheltered housing and a residential care|||||
|home for the residents of Derby|`2,040,248`|`82,598`|`104,932`|`2,227,778`|
|Support financial hardship of residents of|||||
|Derby via Household fund and Chair's|||||
|Crisis Fund||`70,218`||`70,218`|
|Provide commercial premises for rent|`7,616`|||`7,616`|
||`2,047,864`|`152,816`|`104,932`|`2,305,612`|





## 

## 

## 

|**7.**|**GRANTS** **PAYABLE**|||
|---|---|---|---|
|||2023|2022|
|||£|£|
||Provide accommodation via almshouses, sheltered housing and a residential|||
||care home for the residents of Derby|`82,598`|`50,647`|
||Support financial hardship of residents of Derby via Household fund and Chair's|||
||Crisis Fund|`70,218`|`54,614`|
|||`152,816`|`105,261`|
||The total grants paid to individuals during the year was as follows:|||
|||2023|2022|
|||£|£|
||Winter fuel and water payments|70,720|38,100|
||Christmas presents - Almshouse residents|9,978|9,047|
||Amenities fund||`800`|
||Household fund|`56,428`|`52,474`|
||Chair’s Crisis Fund|`13,790`|`2,140`|
||Christmas hampers|`1,900`|`1,900`|
||Christmas presents - Care Home residents||`800`|
|||`152,816`|`105,261`|
|**8.**|**SUPPORT** **COSTS**|||
||||Governance|
||||costs|
||||£|
||Provide accommodation via almshouses,|||
||sheltered housing and a residential care home|||
||for the residents of Derby||104,932|



## 

|**AUDITORS'** **REMUNERATION**|||
|---|---|---|
||2023|2022|
||£|£|
|Fees payable to the charity's auditors for the audit of the charity's financial|||
|statements|5,000|5,000|



## 

## 



## 

## 

||2023|2022|
|---|---|---|
||£|£|
|Wages and salaries|963,576|964,599|
|Social security costs|79,181|70,863|
|Other pension costs|16,625|17,112|
||1,059,382|1,052,574|
|The average monthly number of employees during the year was as follows:|||
||2023|2022|
|Senior management|2|2|
|Office staff|5|5|
|Maintenance staff|4|4|
|Resident support and care home staff|42|40|
||53|51|



||||2023|2022|
|---|---|---|---|---|
|£60,001-£70,000|||1|0|
|**COMPARATIVES** **FOR** **THE** **STATEMENT** **OF**|**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|`2,011,330`|||`2,011,330`|
|Provide commercial premises for rent|`183,309`|||`183,309`|
|Investment income|`275,437`|||`275,437`|
|Other income|`56,424`|||`56,424`|
|**Total**|2,526,500|||2,526,500|
|**EXPENDITURE** **ON**|||||
|**Charitable** **activities**|||||
|Provide accommodation via almshouses,|||||
|sheltered housing and a residential care home|||||
|for the residents of Derby|1,712,999|||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|
|**Total**|1,778,846|||1,778,846|
|Net gains on investments|679,058||16,447|695,505|
|**NET** **INCOME**|1,426,712||16,447|1,443,159|
||Page 18|||continued...|





## 

## 

|**12.** **COMPARATIVES** **FOR** **THE** **STATEMENT** **OF**|**12.** **COMPARATIVES** **FOR** **THE** **STATEMENT** **OF**|**FINANCIAL** **ACTIVITIES** **-** **continued**|**FINANCIAL** **ACTIVITIES** **-** **continued**|||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|fund|funds|
|||£|£|£|£|
|**RECONCILIATION** **OF** **FUNDS**||||||
|Total funds brought forward||`22,501,103`||`236,258`|`22,737,361`|
|**TOTAL** **FUNDS** **CARRIED** **FORWARD**||`23,927,815`||`252,705`|`24,180,520`|
|**13.** **TANGIBLE** **FIXED** **ASSETS**||||||
||Housing|||||
||properties|Non-social|Fixtures|||
||for|housing|and|Motor||
||letting|properties|fittings|vehicles|Totals|
||£|£|£|£|£|
|**COST**||||||
|At 1 April 2022|`10,440,487`|`1,205,257`|`396,145`|`13,900`|`12,055,789`|
|Additions|`262,915`||`38,792`||`301,707`|
|At 31 March 2023|10,703,402|1,205,257|434,937|13,900|12,357,496|
|**DEPRECIATION**||||||
|At 1 April 2022|`473,305`|`19,673`|`274,063`|`12,977`|`780,018`|
|Charge for year|`104,667`|`3,179`|`33,585`|`231`|`141,662`|
|At 31 March 2023|`577,972`|`22,852`|`307,648`|`13,208`|`921,680`|
|**NET** **BOOK** **VALUE**||||||
|At 31 March 2023|10,125,430|**1,182,405**|127,289|692|11,435,816|
|At 31 March 2022|9,967,182|1,185,584|122,082|923|11,275,771|
|**14.** **FIXED** **ASSET** **INVESTMENTS**||||||



|**FIXED** **ASSET** **INVESTMENTS**||||
|---|---|---|---|
|||Cash and||
||Listed|settlements||
||investments|pending|Totals|
||£|£|£|
|**MARKET** **VALUE**||||
|At 1 April 2022|7,761,321|2,117,620|9,878,941|
|Additions|140,929|307,409|448,338|
|Revaluations|(299,603)||(299,603)|
|At 31 March 2023|7,602,647|2,425,029|10,027,676|
|**PROVISIONS**||||
|Reclassification/transfer|(500,000)|500,000||
|**NET** **BOOK** **VALUE**||||
|At 31 March 2023|8,102,647|1,925,029|10,027,676|
|At 31 March 2022|7,761,321|2,117,620|9,878,941|





## 

## 

|||Cash and||
|---|---|---|---|
||Listed|settlements||
||investments|pending|Totals|
||£|£|£|
|Valuation in 2023|(299,603)||(299,603)|
|Cost|7,902,250|2,425,029|10,327,279|
||7,602,647|2,425,029|10,027,676|
|**INVESTMENT** **PROPERTY**||||
||||**£**|
|**FAIR** **VALUE**||||
|At 1 April 2022||||
|and 31 March 2023|||2,707,624|
|**NET** **BOOK** **VALUE**||||
|At 31 March 2023|||2,707,624|
|At 31 March 2022|||2,707,624|
|Fair value at 31 March 2023 is represented by:||||
||||£|
|Valuation in 2022|||149,204|
|Cost|||2,558,420|
||||2,707,624|



## 

|2023|2022|
|---|---|
|£|£|
|2,976||





## 

## 

|**DEBTORS:** **AMOUNTS** **FALLING** **DUE** **WITHIN** **ONE** **YEAR**|||
|---|---|---|
||2023|2022|
||£|£|
|Rents, maintenance contributions and care home fees outstanding|`62,770`|`83,259`|
|Other debtors||`32,775`|
|Prepayments and accrued income|`29,228`|`25,488`|
||`91,998`|`141,522`|
|**CREDITORS:** **AMOUNTS** **FALLING** **DUE** **WITHIN** **ONE** **YEAR**|||
||`2023`|`2022`|
||`£`|`£`|
|Payments on account|`131,026`|`47,630`|
|Trade creditors|`75,066`|`39,417`|
|Social security and other taxes|`14,862`|`18,542`|
|Other creditors|`125,515`|`111,526`|
|Accrued expenses|`79,328`|`55,404`|
||425,797|272,519|



## 

|**19.** **MOVEMENT** **IN** **FUNDS**|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.4.22|in funds|funds|31.3.23|
||£|£|£|£|
|**Unrestricted** **funds**|||||
|General reserves|15,034,954|856,749|(765,903)|15,125,800|
|Extraordinary Repair Fund|2,632,655|(368,031)|394,491|2,659,115|
|Cyclical Maintenance Fund|699,835|(236,121)|21,000|484,714|
|Property Development Fund|2,698,802|(73,217)|308,004|2,933,589|
|Asset Replacement Reserve|81,560|(11,581)|23,004|92,983|
|Charitable Fund|436,490|||436,490|
|Liversage Court- Fee Shortfall Fund|22,977||(600)|22,377|
|Liversage Court- Equalisation Fund|145,000|||145,000|
|Queen Victoria Loan Fund|1,503,325|(52,395)||1,450,930|
|Liversage Court - Depreciation fund|672,217|(16,583)|20,004|675,638|
||23,927,815|98,821||24,026,636|
|**Endowment** **funds**|||||
|General Endowment|252,705|(7,041)||245,664|
|**TOTAL** **FUNDS**|24,180,520|91,780||24,272,300|





## 

## 

||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted** **funds**|||||
|General reserves|`2,556,067`|`(1,634,466)`|`(64,852)`|`856,749`|
|Extraordinary Repair Fund|`87,197`|`(310,123)`|`(145,105)`|`(368,031)`|
|Cyclical Maintenance Fund|`22,825`|`(243,168)`|`(15,778)`|`(236,121)`|
|Property Development Fund|`30,907`|`(89,692)`|`(14,432)`|`(73,217)`|
|Asset Replacement Reserve||`(11,581)`||`(11,581)`|
|Queen Victoria Loan Fund|||`(52,395)`|`(52,395)`|
|Liversage Court - Depreciation fund|**`11)`**|`(16,582)`||`(16,583)`|
||`2,696,995`|`(2,305,612)`|`(292,562)`|`98,821`|
|**Endowment** **funds**|||||
|General Endowment|||(7,041)|(7,041)|
|**TOTAL** **FUNDS**|2,696,995|(2,305,612)|(299,603)|91,780|



|||Net|Transfers||
|---|---|---|---|---|
|||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`|
|Queen 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 resen/es|`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|



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

##