EPPING FOREST HOUSING AID SCHEME
TRUSTEES REPORT
FOR YEAR ENDED 31 DECEMBER 2022
Once again there is little to report as the activities undertaken during 2022 have once again been completely insignificant and have centred on tidying up outstanding guarantees. In view of this the Trustees debated and finally agreed that the Epping Forest Housing Aid Scheme is no longer viable, and steps will now be taken to open consultations to close it. It is envisaged that the date of closure will now be before 31st December 2023.
N D WOLD
Acting Chairman
EPPING FOREST HOUSING AID SCHEME Accounts for the year ended 31 December 2022
INCOME & EXPENDITURE STATEMENT
| INCOME & EXPENDITURE STATEMENT | ||
|---|---|---|
| INCOME Grants Bank Interest Repayments (see note 1) Transfer ffom Deposit Account TOTAL INCOME EXPENDITURE Claims VAEF Fee Officers' Expenses:- Travel 0.00 Other 250.00 Bank charges Transfer to EFDC Transfer to Current Account TOTAL EXPENDITURE SURPLUS/(DEFICIT) Net Assets as at 1 January Plus surplus or less deficit TOTAL NET ASSETS as at 31 December |
2022 £ 0.00 72.87 0.00 50,491.94 50,564.81 800.00 0.00 250 60 20000.00 50491.94 71601.94 -21037.13 51,705.77 -21,037.13 30,668.64 |
2021 £ 0.00 279.89 0.00 0.00 |
| 279.89 | ||
| 3,212.00 0.00 0.00 0.00 5.00 |
||
| 5.00 0.00 5.00 |
||
| 0.00 0.00 |
||
| 3,217.00 2,937.11 57,543.01 2,937.11 54,605.60 |
| BALANCE SHEET Assets Cash balance less amounts due Total assets Liabilities Guarantees outstanding Guarantees underwritten by EFDC (Note 2) Available for general purposes (see note 3) |
31.12.22 30,668.64 0.00 30,668.64 44,285.00 0.00 -13,616.36 30,668.64 |
31.12.21 51,705.77 0.00 |
|---|---|---|
| 51,705.77 | ||
| 44,285.00 0.00 7,420.77 |
||
| 51,705.77 |
EPPING FOREST HOUSING AID SCHEME Accounts for the year ended 31 December 2022
Notes to the accounts:
1) The repayments relate to an agreement to repay a guarantee given. To date no payments have been received.
2) Any shortfall in assets available to cover Guarantees Outstanding is covered by a a guarantee of £60,000.00 given by Epping Forest District Council. As there is no shortfall for 2022 this guarantee would not have been called upon should the Scheme have ceased to exist in 2022.
3) No call was made in 2022 on the funds available for general purposes.