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|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<br>ifproperties||||are sold etc.|(243,423)||(243,423)|
|Total realisable<br>value|||||1,556,577|2|1,SS6,577|
|Current Assets||||||||
|Debtors- maintenance<br>fees and rentcharge||overdue|||1,826||0|
|Emergency<br>maintenance<br>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<br>—property<br>refurbishment||loans||||||
|Charity Bank Ltd —25years 3.5%above base interest|||||223,620||231,609|
|Almshouse<br>Association<br>—10years interest|free||loan||36,225||47,250|
|Total|||||259,845||278,859|
|Property Tax liability||||||||
|For periods properties<br>were unoccupied|||||63,524|3|63,524|
|Reported<br>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<br>continuing<br>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<br>charges payable on properties|||let in the year||61,360||47,407|
|COIF Deposit Account Interest Received|||||378||0|
|Totallncome<br>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<br>continuing<br>operations||in the year|||33,182||27,248|







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