ACCOUNTS
FOR THE YEAR
ENDED 30 JUNE 2022
FOR
ARTIZANS HOUSING ASSOCIATION
CIO NUMBER 1162129
ARTIZANS HOUSING ASSOCIATION
INDEX TO THE ACCOUNTS For the Year Ended 30 June 2022
| Page | |
|---|---|
| General Information | 1 |
| Trustees’ Annual Report | 2/3 |
| Independent Examiner’s Report | 4 |
| Receipts and Payments accounts | 5 |
| Statement of Assets and Liabilities | 6 |
ARTIZANS HOUSING ASSOCIATION
GENERAL INFORMATION
For the Year Ended 30 June 2022
| TRUSTEES: | Mr C P Stewart |
|---|---|
| Mrs B Stewart | |
| CHARITY NO: | 1162129 |
| ADDRESS: | 4 Ashwood lodge |
| 80 Station Road | |
| Barnet | |
| EN5 1QF | |
| INDEPENDENT EXAMINER: | N A H Brecker CA |
| Chartered Accountant | |
| Caldwell & Braham | |
| 171 South Lodge Drive | |
| Oakwood | |
| LONDON | |
| N14 4XJ |
Page 1
ARTIZANS HOUSING ASSOCIATION
TRUSTEES’ REPORT
For the Year Ended 30 June 2022
Trustees:
Mrs B Stewart
Mr C P Stewart
Incorporation
Artizans Housing Association (Charity number 1162129, the “new charity” or “the CIO”) was registered on 11 June 2015 as a Charitable Incorporated Organisation, a charity registered as a body corporate under Part 11 of the Charities Act 2011. On 10 February 2016 the assets and liabilities of Artizans Housing Association and Trust (Charity number 212370, the “ old charity”) passed under permanent endowment to Artizans Housing Association the new charity through a vesting declaration dated 10.2.2016 and the new charity commenced activity on the same date.
Charitable Objects of CIO
To assist in the relief of poverty by:
The provision of affordable housing for peopled suffering from financial hardship, making grants or providing loans to people suffering financial hardship to enable them to meet the costs of accommodation appropriate to their needs and to provide furniture, furnishings and household items utilising the CIO’s own properties.
Appointment of Trustees
Existing trustees appoint new trustees where appropriate in accordance with the powers conferred on them by the Trustee Act 2000.
Investment Selection Policy
New properties are selected in furtherance of the aims of the CIO, which is to provide good quality long term housing to working people.
Approval of Grants
Grants are allocated to applicants from the CIO’s normal beneficiary class for necessary housing needs.
Activities During Year
During the year the trustees carried out several property repairs to maintain them to a good standard of repair.
Page 2
ARTIZANS HOUSING ASSOCIATION
TRUSTEES’ REPORT (continued)
For the Year Ended 30 June 2022
Financial Results
Rents received during the period were £154,690.
The net cash receipts for the year were £76,207 and the funds held as at 30 June 2022, excluding tenant deposits, amounted to £511,026.
Mr C P Stewart
Chair of Trustees
Dated: 8 March 2023
Page 3
ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
ARTIZANS HOUSING ASSOCIATION
I report to the charity trustees on my examination of the accounts of the Charitable Incorporated Organisation for the year ended 30 June 2022, which are set out on pages 5 to 6.
Respective Responsibilities of Trustees and Examiner
As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all of the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
1 Accounting records were not kept as required by section 130 of the Act; or
-
2 The accounts do not accord with those records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
N A H Brecker CA Chartered Accountant Caldwell & Braham 171 South Lodge Drive Oakwood LONDON N14 4XJ
Date: 8 March 2023
Page 4
ARTIZANS HOUSING ASSOCIATION RECEIPTS AND PAYMENTS ACCOUNTS
For the year ended 30 June 2022
| Receipts: Rents received Deposit account interest Sub total(Gross income for Annual Return) Total Receipts Payments: Post, stationery, telephone Travelling Insurance Repairs & renewals Service charge & ground rent Bank charges Administration costs Accountancy Legal & professional fees Property management fees Sundry expenses Sub total Total Payments Net Receipts Cash funds brought forward Cash funds carried forward |
Year to Year to 30.06.2022 30.6.2021 £ £ £ £ 154,690 150,666 717 1,403 155,407 152,069 155,407 152,069 2,230 2,185 1,836 1,794 9,922 8,784 33,132 30,727 11,650 13,679 96 78 4,800 4,800 600 600 114 1,161 14,800 14,800 20- 79,200 78,608 - - (79,200) (78,608) - 76,207 73,461 434,819 361,358 _ ______ 511,026 434,819 ====== ====== |
||
|---|---|---|---|
The notes on page 6 show details of restricted, unrestricted and endowment funds
Page 5
ARTIZANS HOUSING ASSOCIATION STATEMENT OF ASSETS AND LIABILITIES
As at 30 June 2022
Cash funds at period end: Bank current/savings Bank: held re Tenants Deposits Total Cash Funds Assets retained for charity use in furtherance of its objectives: Freehold property Liabilities: Creditors Tenants Deposits Analysis of Restricted or Unrestricted funds: |
30/06/2022 30/06/2021 £ £ £ £ 511,026 434,819 10,762 10,562 -_ 521,788 445,381 ====== ======= 5,301,726 5,301,726 ======= ======= 600 600 10,762 10,562 11,362 11,162 ====== ====== |
|---|---|
All receipts and payments in the year to 30/6/22 and the prior period are unrestricted
Trustee remuneration
One trustee ( CP Stewart ) was remunerated £14,800 in the year to 30 June 2022 ( 2021-£14,800) for managing Artizans Housing Association’s fifteen properties.
Market value of freehold property
The market value of freehold property retained for charity use in furtherance of its objectives is estimated by the trustees to be £6,000,000.
Mr C P Stewart Mrs B Stewart Trustee Trustee
Date: 8 March 2023
Page 6