2023-06-30-accounts - Artizans Housing Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

ACCOUNTS

FOR THE YEAR

ENDED 30 JUNE 2023

FOR

ARTIZANS HOUSING ASSOCIATION

CIO NUMBER 1162129

ARTIZANS HOUSING ASSOCIATION

INDEX TO THE ACCOUNTS For the Year Ended 30 June 2023

	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 2023

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 2023

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.

Page 2

ARTIZANS HOUSING ASSOCIATION

TRUSTEES’ REPORT (continued)

For the Year Ended 30 June 2023

Activities During Year

During the year the trustees continued property repairs to maintain them to a good standard . One tenant defaulted causing rent loss and unbudgeted expenditure . No rent rises took place across the Estate this year reflecting the economic situation .

Financial Results

Rents received during the period were £147,515.

The net cash receipts for the year were £65,941 and the funds held as at 30 June 2023, excluding tenant deposits, amounted to £576,967.

Mr C P Stewart

Chair of Trustees

Dated: 8 March 2024

Page 3

ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

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 2023, 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 2024

Page 4

ARTIZANS HOUSING ASSOCIATION RECEIPTS AND PAYMENTS ACCOUNTS

For the year ended 30 June 2023

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 30.06.2023 30.6.2022 £ £ £ £ 147,515 154,690 2,586 717 150,101 155,407 150,101 155,407 2,337 2,230 2,260 1,836 5,580 9,922 38,188 33,132 13,871 11,650 63 96 4,800 4,800 600 600 1,261 114 14,800 14,800 400 20 84,160 79,200 (84,160) (79,200) 65,941 76,207 511,026 438,819 576,967 511,026 ====== ======	Year to Year to 30.06.2023 30.6.2022 £ £ £ £ 147,515 154,690 2,586 717 150,101 155,407 150,101 155,407 2,337 2,230 2,260 1,836 5,580 9,922 38,188 33,132 13,871 11,650 63 96 4,800 4,800 600 600 1,261 114 14,800 14,800 400 20 84,160 79,200 (84,160) (79,200) 65,941 76,207 511,026 438,819 576,967 511,026 ====== ======
		84,160	(84,160) 65,941 511,026
			576,967 ======

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 2023

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	30/06/2023 30/06/2022 £ £ £ £ 576,967 511,026 10,762 10,762
	587,729 521,788 ====== ======= 5,301,726 5,301,726 ======= ======= 600 600 10,762 10,762 11,362 11,362 ====== ======

Analysis of Restricted or Unrestricted funds:

All receipts and payments in the year to 30/6/23 and the prior period are unrestricted

Trustee remuneration

One trustee ( CP Stewart ) was remunerated £14,800 in the year to 30 June 2023 ( 2022-£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 2024

Page 6