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## 

|Charity Information|||
|---|---|---|
|Trustees' Report||2-7|
|Statement of Trustees'|Responsibilities||
|Independent<br>Auditors'|Report|8-10|
|Statement ofComprehensive<br>Income|||
|Statement ofChanges|in Reserves|12|
|Statement ofFinancial|Position|13|
|Notes to the Financial|Statements|14-22|





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|Kendal Almshouse<br>Charity is a small provider f<br>Disclosures are as follows:|or the purposes ofdis|closure ofthe Val|ue for Money Metr|ics.|
|---|---|---|---|---|
||2022|2021|2020|2019|
|Reinvestment<br>%|0%|0%|0%|0%|
|New supply delivered<br>Gearing<br>EBITDA MRI Interest cover|0%<br>8%<br>580%|0%<br>8%<br>-286%|0%<br>8<br>1115%|0%<br>12%<br>713%|
|Headline<br>Social Housing Cost per unit|84,535|f5,033|X2,255|62,411|
|Opemting<br>margin<br>Return on Capital Employed|23%<br>1%|-11%<br>-1%|26%<br>1%|46%<br>2%|





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Independent Auditor's report to the Trustees of Kendal Almshouse Charity (continued)
M*tters on which Ive are required to report by ¢xception contlnmed
- the fumncial ststetllents not in &￿ment with the accounting records" or
- we have not received all the infornlation and explanations we require for our audit.
In additffton. we have nothing to report in respect of th¢ following matter where the Housin8 and Regeneration Act 21K)8
Pl requires us to report to you if. Tn our opinion:
- a satisfactory system of control over transa¢tions has not been maintsined.
Responslbllftles ofthe board
As explain¢d more fully in the board's responsibilities statement set out on pag¢ 7. the board member3 (who ar¢ also the
trustees of the Lssociation for the purposes of charity law) are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view. and for 5uGh internal control &5 the board determine is necessary to
enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or ¢Tror.
In preparing the financial statements. the board is responsible for assessing the association's ability to continue as a going
concern. disclosing, as applicable, mattet3 related to going concern and using the going concern basis of accounting unless
the board either intends to liquidate th¢ ￿$0￿lation or to cease operations, or has no realistic alternative but to do so.
Auditor's respDnsibilltle8 for the gudit of the fln*ncial statsments
OUT obje¢tives are to obtain reasonable assuranee about whether the financial statements as a whole atE free frorn material
misstal¢ment. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurnnce
is a high lev¢1 of assurance, but is not a guarante that an audil conducted in accordance with ISAS (UK) will always d¢t¢¢i a
material misststement when it exists. Mi53tatements wi arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be eXp￿ted to intluence the e¢onomic decisions of users taken on the basis of
these financiat statemen
Irregularities including fiaud, ar¢ instances of non-complian¢¢ with laws and regulations. We design proc¢dur¢s in line with
our responsibilities, outlined alx)ve, to detect material misstatements in respect of irregularities. including fraud. The specific
pr￿edureS for this ¢ngagement and the ext¢nt to which thes¢ are capable of detecting iTrtgulaTities, including fraud is
detailed below:
We identified areas of laws and regulation5 that could reasonably be expected to have a mal¢rial efftct on the financial
Statements from our experience and from discussions with management. We reyiewed any related CO￿sPondenCe and
records of trustee meetings to &ssess compliance with laws and ￿gUlatIonS and discussed thc cumt position wlth
managemenL We ensured the audit team were alert for any indications of non-compliance throughout ihe audit work.
The charitsble company is managed by a management company which reduces the risk of fraud. We asse55ed the
management companls policies and procedures on fraud risks. No instances of actual, suspected or alleged fraud were
identified by us or the managing company in the y¢ar.
Owing to the inherent limitations of an &udi¢ there is an unavoidable risk that we may not have detected some maÈri81
misstatements in the financial statements. even tholw we have properly planned and perfornied our audit in accordance with
auditing standards. For cxample, the fjJrther removed noTr-complian¢¢ with laws and Tegulalions (irregularities) is from ihe
events and transactions reflected in the financial statements, the less likely the inherently limited pr(￿edutY8 required by
auditing stsndards would identify it. In addition. as with any audiL there remained a higher risk of non41etection of
iTregularities. as these may involve Collusio￿ forgery, intentional omissions. misrepresentations or the override of controls.
We are not res￿￿nsible for preventi￿ non-compliance and ¢annot be expected to detect compliance with all laws and
regulations.
A ￿rther de5criplion of ow responsibilities is available on the Financial ReFwttng Council's website at..
https:/Avww.frc.org.uklOur-WorklAuditlAudii-and-a&surancelStandards-and-guidance/Standards-and-guidance-for-
auditor&lAudilors-responsibilities-for-audiVDescription-of-auditors-reswnsibilitie5-for-audit.aspL This description fornis part
of our auditor's re￿rt.
Page 9

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## 

## 

||||||Year|ended|Year|ended|
|---|---|---|---|---|---|---|---|---|
|||||Notes|31/12/2022||31/12/2021||
|Turnover|||||||||
|Maintenance<br>contributions||from residents||||203,361||193,194|
|Less: losses from voids||||||(6,967)||(7,929)|
|||||||196,394||185,265|
|Operating<br>Costs|||||||||
|Services|||||34,566||40,265||
|Routine maintenance|||||20,668||25,309||
|Cyclical maintenance|||||29,321||79,022||
|Extraordinary<br>repairs|||||18,202||25,045||
|Management|||||36,000||36,717||
|Romleigh<br>development|||||47,173||||
|||||||(185,930)||(206,358)|
|Other income|||||||||
|Donations<br>and wayleave|||||113||113||
|Grant received from Homes||England for Romleigh|||34,028||||
|||||||34,141||113|
|Operating<br>Surplus/(Deficit)||||||44,605||(20,980)|
|Income from fixed asset investments||||||3,442||3,310|
|Interest receivable<br>and similar|||income|||220||23|
|Interest and financing<br>costs<br>Movement<br>in fair value ofinvestments||||||(8,290)<br>(18,095)||(6,182)<br>40,922|
|Surplus/(Deficit)<br>on Ordinary|||Activities Before||||||
|Taxation||||||21,882||17,093|
|Taxation on surplus<br>on|ordinary||activities|1 (n)|||||
|Total comprehensive|income||for the year|||21,882||17,093|






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||||||Property|Investment|||
|---|---|---|---|---|---|---|---|---|
|||Restricted|Endowment|Designated|Revaluation|Revaluation|Accumulated||
|||reserves|reserves|reserves|reserve|reserve|income|Total|
||||8||||||
|At 31December 2020|||||||||
|and 1 January 2021|||54,583|2,081,789|714,290|142,697|112,175|3,105,534|
|Surplus (deficit) for the period<br>Transfers between reserves||||(20,157)||33,874|(23,829)<br>20,157|17,093|
|Investment<br>in property|||||||||
|Total comprehensive|income||7,048|(20,157)||33,874|(3,672)|17,093|
|At 31December 2021|||||||||
|and 1 January 2022|||61,631|2,061,632|714,290|176,571|108,503|3,122,627|
|Surplus (deficit) for the period<br>Transfers between reserves|||(5,817)|35,471||(12,278)|39,977<br>(35,471)|21,882|
|Investment<br>in property|||||||||
|Total coinprehensive|income||(5,817)|35,471||(12,278)|4,506|21,882|
|At31December<br>2022|||55,814|2,097,103|714,290|164,293|113,009|3,144,509|





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## 

||||Notes|31/12/2022|31/12/2021|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible fixed assets||||2,795,000|2,795,000|
|Investments||||310,566|328,661|
|Current Assets||||3,105,566|3,123,661|
|Debtors|||6|16,516|16,614|
|Bank Current account||||33,281|23,559|
|Bank Deposit accounts||||223,431|185,747|
|||||273,228|225,920|
|Creditors||||||
|Amounts<br>falling due|within one year||7|(37,909)|(21,914)|
|Net Current Assets||||235,319|204,006|
|Total assets less current liabilities||||3,340,885|3,327,667|
|Creditors||||||
|Amounts<br>falling due|after one year|||(196,376)|(205,040)|
|Total Net Assets|||14|83,144,509|63,122,627|
|The Funds ofthe Charity||||||
|Permanent<br>endowment||funds|10|55,814|61,631|
|Designated<br>funds|||11|2,097,103|2,061,632|
|Property revaluation|reserve||12|714,290|714,290|
|Investment<br>revaluation||reserve|13|164,293|176,571|
|Accumulated<br>income|reserve||14|113,009|108,503|
|||||63,144,509|63,122,627|





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|3|Surplus|on Ordinary<br>Activities|31/12/2022|31/12/2021|
|---|---|---|---|---|
||Surplus|on ordinary<br>activities is stated after charging:|||
||Auditors'<br>remuneration<br>in their capacity as Auditors<br>Surplus/(deficit)<br>on fair value movement ofinvestments||f,6,350<br>~f. 18,095|$5,976<br>&10,922|



|Fixed A|ssets:|Freehold Housin|g Property|||||
|---|---|---|---|---|---|---|---|
|||Sledall|Nobles Rest|Sandes|John Aston|Romleigh|Total|
|||Vistoria and||Hospital|Watkins|and War||
|||Aynsm||||Memorial||
|||Chapel||||Gardens||
|Valuation|1|||||||
|January 2022||1,370,000|715,000|450,000|180,000|80,000|2,795,000|
|Additions||||||||
|(Impairment)/||||||||
|(Reverse||||||||
|revaluation)||||||||
|Valuation|as at|||||||
|31/12/2022||KL370,000|f715,000|f450,000|f180,000|880,000|X2,795,000|





## 

## 

|5|Investinents||Extraordinary|Permanent|Cyclical||
|---|---|---|---|---|---|---|
||||Repairs|Endowment|Maintenance||
||||Fund|Fund|Fund|Total|
||Historical cost at 1|January 2022|46,102|13,714|44,357|104,173|
||Historical cost at 31December 2022||846,102|f13,714|644,357|I,104,173|
||Market value at I January 2022||193,012|61,631|74,018|328,661|
||Unrealised<br>surplus/(deficit)||(8,251)|(5,817)|(4,027)|(18,095)|
||Market value at 31December 2022||8184,761|655,814|$69,991|8310,566|
||All the investments|are placed with COIF and M/kG.|||||
|6|Debtors: Amounts|Falling Due Within One Year|||31/12/2022|31/12/2021|
||Weekly maintenance|contributions|||398|776|
||Less:provision for bad and doubtful||debts||||
||||||398|776|
||Other debtors||||||
||Prepayments||||16,118|15,838|
||||||I16,516|II6,614|
|7|Creditors; Amounts|Falling Due Within One Year|||31/12/2022|31/12/2021|
||Trade creditors||||17,427|287|
||Bank loan due within one year||||13,882|13,882|
||Accruals and deferred income||||6,600|7,745|
||||||$37,909|621,914|
|8|Creditors: Amounts|Falling Due After One Year|||31/12/2022|31/12/2021|
|||||||8|
||Bank loan due afler|one year|||196,376|205,040|
||||||%196,376|8205,040|





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## 

|Based on the lenders earliest repayment<br>date, borrowings<br>are r|epayable<br>as follows:||
|---|---|---|
||31/12/2022|31/12/2021|
|Within one year or on demand|13,882|13,882|
|One year or more but less than two years<br>Two years or more but less than five years|14,354<br>44,713|14,354<br>44,713|
|Five years or more|137,309|145,973|
||F10,258|$218,922|



## 

||||||31/12/2022|31/12/2021|
|---|---|---|---|---|---|---|
||Sleddall Victoria and Aynam||Chapel||618,960|618,960|
||Nobles Rest||||115,423|115,423|
||Sandes Hospital||||102,197|102,197|
||John Aston Watkins||||27,540|27,540|
||Romleigh<br>and War Memorial||Gardens||34,028||
||||||8898,148|f864,120|
|10|Permanent<br>Endowment|Funds||Permanent|Investment||
|||||Endowment|Revaluation||
|||||Fund|Fund|Total|
||Balance at 1 January 2022|||13,714|47,917|61,631|
||Unrealised<br>surplus/(deficit)||||(5,817)|(5,817)|
||Balance at 31 December 2022|||f13,714|842,100|f55,814|





## 

## 

|11|Designated|Funds|||||Extraordinary|Cyclical||
|---|---|---|---|---|---|---|---|---|---|
||||||Property||Repairs|Maintenance||
||||||Fund||Fund|Fund|Total|
||Balance at|1 January 2022|||1,875,670||139,689|46,273|2,061,632|
||Trfs (to)/from<br>Accumulated<br>Income reserve||||||4,310|7,497|11,807|
||Investment|in property||||8,664|||8,664|
||Transfer for Decent Homes Standard||||||7,500|7,500|15,000|
||Balance at|31December 2022|||81,884,334||8151,499|861,270|82,097,103|
||The Property<br>fund represents<br>internal<br>funds invested||||in property.|||||
||The other funds represent<br>funds set aside for future||||works|on property.||||
|12|Property Revaluation<br>Reserve|||||||Social Housing||
|||||||||Revaluation||
|||||||||Reserve|Total|
||Balance at|1 January 2022||||||714,290|714,290|
||Movement|in the year||||||||
||Balance at|31December 2022||||||f714,290|6714,290|
|13|Investment|Revaluation<br>Reserve|||||Extraordinary|Cyclical||
||||||||Repairs|Maintenance||
||||||||Revaluation|Revaluation|Total|
||Balance at|1 January 2022|||||146,910|29,661|176,571|
||Unrealised|surplus/(deficit)|||||(8,251)|(4,027)|(12,278)|
||Balance at 31 December 2022||||||8138,659|f25,634|f164,293|
|14|Accumulated<br>Income Reserve|||||||||
||Balance at|1 January 2022|||||||108,503|
||(Deficit) Surplus for the year ended 31|||December 2022|||||39,977|
||Transfer fi'om/(to):|||||||||
||Investment|in properly - mortgage|repayments|||||(8,664)||
||Investment|in property - additions||||||||
||Designated|funds - extmordinary<br>repair||fund under spend||||(4,310)||
||Designated|funds - cyclical maintenance||fund under|spend|||(7,497)||
||Designated|funds - Decent Homes|Standard|||||(15,000)|(35,471)|
||Balance at 31December 2022||||||||113,009|





## 

## 

|Analysis o|f|net assets||between f|unds|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Tangible|Investments||Creditors|Total|
||||||Fixed||Net Current|dne after||
||||||Assets||Assets|one year||
|Permanent|endowment|||funds||55,814|||55,814|
|Designated||funds|||2,080,710|90,459|122,310|(196,376)|2,097,103|
|Property revaluation|||reserve||714,290||||714,290|
|Investment|revaluation|||reserve||164,293|||164,293|
|Accumulated||income||reserve|||113,009||113,009|
||||||X2,795,000|8310,566|8235,319|(196,376)|X3,144,509|





## 

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## 

## 

|Charity Information|||
|---|---|---|
|Trustees' Report||2-7|
|Statement of Trustees'|Responsibilities||
|Independent<br>Auditors'|Report|8-10|
|Statement ofComprehensive<br>Income|||
|Statement ofChanges|in Reserves|12|
|Statement ofFinancial|Position|13|
|Notes to the Financial|Statements|14-22|





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|Kendal Almshouse<br>Charity is a small provider f<br>Disclosures are as follows:|or the purposes ofdis|closure ofthe Val|ue for Money Metr|ics.|
|---|---|---|---|---|
||2022|2021|2020|2019|
|Reinvestment<br>%|0%|0%|0%|0%|
|New supply delivered<br>Gearing<br>EBITDA MRI Interest cover|0%<br>8%<br>580%|0%<br>8%<br>-286%|0%<br>8<br>1115%|0%<br>12%<br>713%|
|Headline<br>Social Housing Cost per unit|84,535|f5,033|X2,255|62,411|
|Opemting<br>margin<br>Return on Capital Employed|23%<br>1%|-11%<br>-1%|26%<br>1%|46%<br>2%|





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Independent Auditor's report to the Trustees of Kendal Almshouse Charity (continued)
M*tters on which Ive are required to report by ¢xception contlnmed
- the fumncial ststetllents not in &￿ment with the accounting records" or
- we have not received all the infornlation and explanations we require for our audit.
In additffton. we have nothing to report in respect of th¢ following matter where the Housin8 and Regeneration Act 21K)8
Pl requires us to report to you if. Tn our opinion:
- a satisfactory system of control over transa¢tions has not been maintsined.
Responslbllftles ofthe board
As explain¢d more fully in the board's responsibilities statement set out on pag¢ 7. the board member3 (who ar¢ also the
trustees of the Lssociation for the purposes of charity law) are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view. and for 5uGh internal control &5 the board determine is necessary to
enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or ¢Tror.
In preparing the financial statements. the board is responsible for assessing the association's ability to continue as a going
concern. disclosing, as applicable, mattet3 related to going concern and using the going concern basis of accounting unless
the board either intends to liquidate th¢ ￿$0￿lation or to cease operations, or has no realistic alternative but to do so.
Auditor's respDnsibilltle8 for the gudit of the fln*ncial statsments
OUT obje¢tives are to obtain reasonable assuranee about whether the financial statements as a whole atE free frorn material
misstal¢ment. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurnnce
is a high lev¢1 of assurance, but is not a guarante that an audil conducted in accordance with ISAS (UK) will always d¢t¢¢i a
material misststement when it exists. Mi53tatements wi arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be eXp￿ted to intluence the e¢onomic decisions of users taken on the basis of
these financiat statemen
Irregularities including fiaud, ar¢ instances of non-complian¢¢ with laws and regulations. We design proc¢dur¢s in line with
our responsibilities, outlined alx)ve, to detect material misstatements in respect of irregularities. including fraud. The specific
pr￿edureS for this ¢ngagement and the ext¢nt to which thes¢ are capable of detecting iTrtgulaTities, including fraud is
detailed below:
We identified areas of laws and regulation5 that could reasonably be expected to have a mal¢rial efftct on the financial
Statements from our experience and from discussions with management. We reyiewed any related CO￿sPondenCe and
records of trustee meetings to &ssess compliance with laws and ￿gUlatIonS and discussed thc cumt position wlth
managemenL We ensured the audit team were alert for any indications of non-compliance throughout ihe audit work.
The charitsble company is managed by a management company which reduces the risk of fraud. We asse55ed the
management companls policies and procedures on fraud risks. No instances of actual, suspected or alleged fraud were
identified by us or the managing company in the y¢ar.
Owing to the inherent limitations of an &udi¢ there is an unavoidable risk that we may not have detected some maÈri81
misstatements in the financial statements. even tholw we have properly planned and perfornied our audit in accordance with
auditing standards. For cxample, the fjJrther removed noTr-complian¢¢ with laws and Tegulalions (irregularities) is from ihe
events and transactions reflected in the financial statements, the less likely the inherently limited pr(￿edutY8 required by
auditing stsndards would identify it. In addition. as with any audiL there remained a higher risk of non41etection of
iTregularities. as these may involve Collusio￿ forgery, intentional omissions. misrepresentations or the override of controls.
We are not res￿￿nsible for preventi￿ non-compliance and ¢annot be expected to detect compliance with all laws and
regulations.
A ￿rther de5criplion of ow responsibilities is available on the Financial ReFwttng Council's website at..
https:/Avww.frc.org.uklOur-WorklAuditlAudii-and-a&surancelStandards-and-guidance/Standards-and-guidance-for-
auditor&lAudilors-responsibilities-for-audiVDescription-of-auditors-reswnsibilitie5-for-audit.aspL This description fornis part
of our auditor's re￿rt.
Page 9

## 


## 



## 

## 

||||||Year|ended|Year|ended|
|---|---|---|---|---|---|---|---|---|
|||||Notes|31/12/2022||31/12/2021||
|Turnover|||||||||
|Maintenance<br>contributions||from residents||||203,361||193,194|
|Less: losses from voids||||||(6,967)||(7,929)|
|||||||196,394||185,265|
|Operating<br>Costs|||||||||
|Services|||||34,566||40,265||
|Routine maintenance|||||20,668||25,309||
|Cyclical maintenance|||||29,321||79,022||
|Extraordinary<br>repairs|||||18,202||25,045||
|Management|||||36,000||36,717||
|Romleigh<br>development|||||47,173||||
|||||||(185,930)||(206,358)|
|Other income|||||||||
|Donations<br>and wayleave|||||113||113||
|Grant received from Homes||England for Romleigh|||34,028||||
|||||||34,141||113|
|Operating<br>Surplus/(Deficit)||||||44,605||(20,980)|
|Income from fixed asset investments||||||3,442||3,310|
|Interest receivable<br>and similar|||income|||220||23|
|Interest and financing<br>costs<br>Movement<br>in fair value ofinvestments||||||(8,290)<br>(18,095)||(6,182)<br>40,922|
|Surplus/(Deficit)<br>on Ordinary|||Activities Before||||||
|Taxation||||||21,882||17,093|
|Taxation on surplus<br>on|ordinary||activities|1 (n)|||||
|Total comprehensive|income||for the year|||21,882||17,093|






## 

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||||||Property|Investment|||
|---|---|---|---|---|---|---|---|---|
|||Restricted|Endowment|Designated|Revaluation|Revaluation|Accumulated||
|||reserves|reserves|reserves|reserve|reserve|income|Total|
||||8||||||
|At 31December 2020|||||||||
|and 1 January 2021|||54,583|2,081,789|714,290|142,697|112,175|3,105,534|
|Surplus (deficit) for the period<br>Transfers between reserves||||(20,157)||33,874|(23,829)<br>20,157|17,093|
|Investment<br>in property|||||||||
|Total comprehensive|income||7,048|(20,157)||33,874|(3,672)|17,093|
|At 31December 2021|||||||||
|and 1 January 2022|||61,631|2,061,632|714,290|176,571|108,503|3,122,627|
|Surplus (deficit) for the period<br>Transfers between reserves|||(5,817)|35,471||(12,278)|39,977<br>(35,471)|21,882|
|Investment<br>in property|||||||||
|Total coinprehensive|income||(5,817)|35,471||(12,278)|4,506|21,882|
|At31December<br>2022|||55,814|2,097,103|714,290|164,293|113,009|3,144,509|





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||||Notes|31/12/2022|31/12/2021|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible fixed assets||||2,795,000|2,795,000|
|Investments||||310,566|328,661|
|Current Assets||||3,105,566|3,123,661|
|Debtors|||6|16,516|16,614|
|Bank Current account||||33,281|23,559|
|Bank Deposit accounts||||223,431|185,747|
|||||273,228|225,920|
|Creditors||||||
|Amounts<br>falling due|within one year||7|(37,909)|(21,914)|
|Net Current Assets||||235,319|204,006|
|Total assets less current liabilities||||3,340,885|3,327,667|
|Creditors||||||
|Amounts<br>falling due|after one year|||(196,376)|(205,040)|
|Total Net Assets|||14|83,144,509|63,122,627|
|The Funds ofthe Charity||||||
|Permanent<br>endowment||funds|10|55,814|61,631|
|Designated<br>funds|||11|2,097,103|2,061,632|
|Property revaluation|reserve||12|714,290|714,290|
|Investment<br>revaluation||reserve|13|164,293|176,571|
|Accumulated<br>income|reserve||14|113,009|108,503|
|||||63,144,509|63,122,627|





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|3|Surplus|on Ordinary<br>Activities|31/12/2022|31/12/2021|
|---|---|---|---|---|
||Surplus|on ordinary<br>activities is stated after charging:|||
||Auditors'<br>remuneration<br>in their capacity as Auditors<br>Surplus/(deficit)<br>on fair value movement ofinvestments||f,6,350<br>~f. 18,095|$5,976<br>&10,922|



|Fixed A|ssets:|Freehold Housin|g Property|||||
|---|---|---|---|---|---|---|---|
|||Sledall|Nobles Rest|Sandes|John Aston|Romleigh|Total|
|||Vistoria and||Hospital|Watkins|and War||
|||Aynsm||||Memorial||
|||Chapel||||Gardens||
|Valuation|1|||||||
|January 2022||1,370,000|715,000|450,000|180,000|80,000|2,795,000|
|Additions||||||||
|(Impairment)/||||||||
|(Reverse||||||||
|revaluation)||||||||
|Valuation|as at|||||||
|31/12/2022||KL370,000|f715,000|f450,000|f180,000|880,000|X2,795,000|





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|5|Investinents||Extraordinary|Permanent|Cyclical||
|---|---|---|---|---|---|---|
||||Repairs|Endowment|Maintenance||
||||Fund|Fund|Fund|Total|
||Historical cost at 1|January 2022|46,102|13,714|44,357|104,173|
||Historical cost at 31December 2022||846,102|f13,714|644,357|I,104,173|
||Market value at I January 2022||193,012|61,631|74,018|328,661|
||Unrealised<br>surplus/(deficit)||(8,251)|(5,817)|(4,027)|(18,095)|
||Market value at 31December 2022||8184,761|655,814|$69,991|8310,566|
||All the investments|are placed with COIF and M/kG.|||||
|6|Debtors: Amounts|Falling Due Within One Year|||31/12/2022|31/12/2021|
||Weekly maintenance|contributions|||398|776|
||Less:provision for bad and doubtful||debts||||
||||||398|776|
||Other debtors||||||
||Prepayments||||16,118|15,838|
||||||I16,516|II6,614|
|7|Creditors; Amounts|Falling Due Within One Year|||31/12/2022|31/12/2021|
||Trade creditors||||17,427|287|
||Bank loan due within one year||||13,882|13,882|
||Accruals and deferred income||||6,600|7,745|
||||||$37,909|621,914|
|8|Creditors: Amounts|Falling Due After One Year|||31/12/2022|31/12/2021|
|||||||8|
||Bank loan due afler|one year|||196,376|205,040|
||||||%196,376|8205,040|





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|Based on the lenders earliest repayment<br>date, borrowings<br>are r|epayable<br>as follows:||
|---|---|---|
||31/12/2022|31/12/2021|
|Within one year or on demand|13,882|13,882|
|One year or more but less than two years<br>Two years or more but less than five years|14,354<br>44,713|14,354<br>44,713|
|Five years or more|137,309|145,973|
||F10,258|$218,922|



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||||||31/12/2022|31/12/2021|
|---|---|---|---|---|---|---|
||Sleddall Victoria and Aynam||Chapel||618,960|618,960|
||Nobles Rest||||115,423|115,423|
||Sandes Hospital||||102,197|102,197|
||John Aston Watkins||||27,540|27,540|
||Romleigh<br>and War Memorial||Gardens||34,028||
||||||8898,148|f864,120|
|10|Permanent<br>Endowment|Funds||Permanent|Investment||
|||||Endowment|Revaluation||
|||||Fund|Fund|Total|
||Balance at 1 January 2022|||13,714|47,917|61,631|
||Unrealised<br>surplus/(deficit)||||(5,817)|(5,817)|
||Balance at 31 December 2022|||f13,714|842,100|f55,814|





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|11|Designated|Funds|||||Extraordinary|Cyclical||
|---|---|---|---|---|---|---|---|---|---|
||||||Property||Repairs|Maintenance||
||||||Fund||Fund|Fund|Total|
||Balance at|1 January 2022|||1,875,670||139,689|46,273|2,061,632|
||Trfs (to)/from<br>Accumulated<br>Income reserve||||||4,310|7,497|11,807|
||Investment|in property||||8,664|||8,664|
||Transfer for Decent Homes Standard||||||7,500|7,500|15,000|
||Balance at|31December 2022|||81,884,334||8151,499|861,270|82,097,103|
||The Property<br>fund represents<br>internal<br>funds invested||||in property.|||||
||The other funds represent<br>funds set aside for future||||works|on property.||||
|12|Property Revaluation<br>Reserve|||||||Social Housing||
|||||||||Revaluation||
|||||||||Reserve|Total|
||Balance at|1 January 2022||||||714,290|714,290|
||Movement|in the year||||||||
||Balance at|31December 2022||||||f714,290|6714,290|
|13|Investment|Revaluation<br>Reserve|||||Extraordinary|Cyclical||
||||||||Repairs|Maintenance||
||||||||Revaluation|Revaluation|Total|
||Balance at|1 January 2022|||||146,910|29,661|176,571|
||Unrealised|surplus/(deficit)|||||(8,251)|(4,027)|(12,278)|
||Balance at 31 December 2022||||||8138,659|f25,634|f164,293|
|14|Accumulated<br>Income Reserve|||||||||
||Balance at|1 January 2022|||||||108,503|
||(Deficit) Surplus for the year ended 31|||December 2022|||||39,977|
||Transfer fi'om/(to):|||||||||
||Investment|in properly - mortgage|repayments|||||(8,664)||
||Investment|in property - additions||||||||
||Designated|funds - extmordinary<br>repair||fund under spend||||(4,310)||
||Designated|funds - cyclical maintenance||fund under|spend|||(7,497)||
||Designated|funds - Decent Homes|Standard|||||(15,000)|(35,471)|
||Balance at 31December 2022||||||||113,009|





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|Analysis o|f|net assets||between f|unds|||||
|---|---|---|---|---|---|---|---|---|---|
||||||Tangible|Investments||Creditors|Total|
||||||Fixed||Net Current|dne after||
||||||Assets||Assets|one year||
|Permanent|endowment|||funds||55,814|||55,814|
|Designated||funds|||2,080,710|90,459|122,310|(196,376)|2,097,103|
|Property revaluation|||reserve||714,290||||714,290|
|Investment|revaluation|||reserve||164,293|||164,293|
|Accumulated||income||reserve|||113,009||113,009|
||||||X2,795,000|8310,566|8235,319|(196,376)|X3,144,509|





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