2023-03-31-accounts

BUTLIN L ELBOROW HOUSING TRUST	BUTLIN L ELBOROW HOUSING TRUST	BUTLIN L ELBOROW HOUSING TRUST			2023
BALANCE SHEET31March 2023
Fixed Assets						Note
Freehold Property at 2022 market value					1,800,000		1,800,QOO
Less Homes England grants repayable ifproperties				are sold etc.	(243,423)		(243,423)
Total realisable value					1,556,577	2	1,SS6,577
Current Assets
Debtors- maintenance fees and rentcharge		overdue			1,826		0
Emergency maintenance petty cash balance					150		0
COIF Deposit Account					40,000		0
Lloyds Bank Current Account					18,543		46,351
Total					60,519		46,351
Long term liabilities —property refurbishment		loans
Charity Bank Ltd —25years 3.5%above base interest					223,620		231,609
Almshouse Association —10years interest	free		loan		36,225		47,250
Total					259,845		278,859
Property Tax liability
For periods properties were unoccupied					63,524	3	63,524
Reported Net Assets					1,293,727		1,260,646
MOVEMENT ON RESERVES IN THE YEAR
Net Assets as at 1April 2022					1,260,545
Profit on ordinary continuing operations	in	the	year		33,182
Net Assets as at 31March 2023					1,293,727
BUTLIN &ELBORON HOUSING TRUST
PROFIT ON OROINARY CONTINUING		OPERATIONS			IN THE YEAR31March		2023
					2023		2022
Maintenance charges payable on properties			let in the year		61,360		47,407
COIF Deposit Account Interest Received					378		0
Totallncome for the year					61,738		47,407
Expenses in the year
Utilities					753		1,307
Bank Charges					110		2Q7
Insurance					1,303		1,179
Regulatory fees5subscriptions					1,328		1,390
Council Property Tax					1,000		785
Repairs					11,300		6,583
Charity Bank Loan Interest					12,762		8,707
Total expenses					28,556		20,159
Net profit on ordinary continuing operations		in the year			33,182		27,248