| COMEMS | PAGE | ||
| Trustees Annual Report |
1 toe | ||
| Independent | examiner's | report tothe members | |
| Statement of | financial activities | ||
| Balance sheet | |||
| Notes to the financial statements | 8to13 |
| YEAR ENDED 31 | MARCH 2023 | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Unrestricted | |||||
| Funds 2023 | Funds 2022 | |||||
| E | f | |||||
| Income and endowments | from: | |||||
| Donations | 2 | 65 | 1,000 | |||
| Charitable | activities | 3 | 97,159 | 86,311 | ||
| Total | 97,224 | 87,311 | ||||
| Expenditure | on: | |||||
| Charitable | activities | (61,584) | (29,200) | |||
| Other expenditure | (13r447) | (8,890) | ||||
| Total | (75,031) | (38,090) | ||||
| Net gains/(losses) | on investments | 61 | 452 | |||
| Net income/(expenditure) | 22,254 | 49,673 | ||||
| Net movement in |
funds | 22,254 | 49,673 | |||
| RECONCILIATION | OF FUNDS: | |||||
| Total funds | brought forward | |||||
| 13 | 144,636 | 94,963 | ||||
| Total funds | carried forward | 166,890 | 144,636 |
| 31MARCH | 31MARCH | 31MARCH | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| E | E | |||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 9 | 2$8,956 | 298,729 | |||||||
| Investments | 10 | 5,513 | 5,452 | |||||||
| 294,469 | 304,181 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 737 | 5,676 | ||||||||
| Cash at bank and in hand | 123,7$9 | 90,187 | ||||||||
| 124,526 | 95,863 | |||||||||
| CREDITORS: Amounts | falling due within one | year | 12 | (10,763) | (10,090) | |||||
| NET CURRENT ASSETS | 113,763 | 85,773 | ||||||||
| TOTAL ASSETSLESS | CURRENT | UABILITIES | 408,232 | 389,954 | ||||||
| CREDITORS. Amounts | falling due aRer more | than | one | year | 13 | (241,342) | (245,318) | |||
| TOTAL NET ASSETS | 1662I90 | 144,636 | ||||||||
| FUNDS Unrestricted Income TOTALFUNDS Lt 9 iI* |
funds | pp | d, | d | t | t | df | i | 1662I90 144,636 166,890 144,636 h ~PJO/@ digd. |
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | E | ||||
| Donations | 65 | 1,000 | |||
| INCOME FROM CHARITABLE ACTIVITIES | |||||
| Total Funds | Total Funds | ||||
| 2023 | 2022 | ||||
| E | E | ||||
| Maintenance | contributions | from residents | 97,159 | 86,311 | |
| EXPENDITURE ON CHARITABLE ACTIVITIES | |||||
| Total Funds | Total Funds | ||||
| 2023 | 2022 | ||||
| E | E | ||||
| Heating and | lighting | 5,605 | 2,804 | ||
| Property maintenance | 4p943 | 4,162 | |||
| Cyclical maintenance | 10,539 | 936 | |||
| Extraordinary | repairs | 4,500 | |||
| Insurance | 1,553 | 1,466 | |||
| Rates and water charges | 1/52 | 1,449 | |||
| Honorarium | to Clerk tothe | Trustees | 11,492 | 6,207 | |
| Miscellaneous | expenses | 9,040 | 156 | ||
| Website costs | 209 | 209 | |||
| Subscriptions | and licences | 478 | 38 | ||
| Depreciation | 9,773 | 9,773 | |||
| Governance | costs (see note | 5) | 2,000 | 2,000 | |
| 61,584 | 29,200 |
| Total Funds | Total Funds | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f | f | ||||
| Independent | examiner's | fees | 2,000 | 2,000 | |
| 6. | OTHER EXPENDITURE | ||||
| Total Funds | Total Funds | ||||
| 2023 | 2022 | ||||
| f | f | ||||
| Interest on loans | 13,338 | 8,796 | |||
| Bank charges | 89 | 94 | |||
| 13,447 | 8,890 |
| Land and | |
|---|---|
| buildings | |
| f | |
| COST | |
| As at 1April 2022 | 322,348 |
| Additions | |
| At 31March 2023 | 322,348 |
| DEPRECIATION | |
| As at 1April 2022 | 23,619 |
| Charge forthe year | 9,773 |
| At 31March 2023 | 33,392 |
| NET BOOK VALUE | |
| At 31March 2023 | 288,956 |
| At 31March 2022 | 298,729 |
| I.isted investments | I.isted investments | 2023 | |||
|---|---|---|---|---|---|
| f | |||||
| Market Value | at 1April | 5352 | |||
| Acquisitions at cost |
|||||
| Unrealised gains/(losses) |
61 | ||||
| Market Value | at31March | 5,513 | |||
| Historical cost at31March | 5,452 | ||||
| DEBTORS | |||||
| 2023 | 2022 | ||||
| f | f | ||||
| Weekly maintenance | contribution | 69 | 69 | ||
| Prepayments | and accrued income | 668 | 635 | ||
| Other debtors | 4,972 | ||||
| 737 | 5,676 | ||||
| CREDITORS: Amounts | faglng due within one year | ||||
| 2023 | 2022 | ||||
| f | f | ||||
| Bankloans | 4+17 | 7,100 | |||
| Accruals and | deferred | income | 5,946 | 2,990 | |
| 10,763 | 10,090 | ||||
| The loan issecured against the freehold property | held by the charity. | ||||
| CREDITORS: Amounts | falling due after more than one year | ||||
| 2023 | 2022 | ||||
| f | f | ||||
| Bankloans: | |||||
| Due between | 2and 5 | years | 30,126 | 31,262 | |
| Due after 5years | 211,216 | 214,056 | |||
| 241,342 | 245,318 |
| Balance at1 | Incoming | Outgoing | Balance at | ||
|---|---|---|---|---|---|
| Apr 2022 f |
resources f |
resources f |
Transfers f |
31Mar 2023 | |
| Buildings reserve 298,730 |
(9,773) | 288,956 | |||
| Cyclical | |||||
| maintenance | fund 36,423 |
(10,539) | 10,040 | 35,924 | |
| Extraordinary | |||||
| repair fund | (366,871) | (4,500) | 6,140 | (365,231) | |
| Revenue reserve 176,354 |
97,285 | (50,219) | (16,180) | 207,241 | |
| 144,636 | 97,285 | (75,031) | 166,890 | ||
| ANALYSIS OF | MOVEMENTS IN UNRESTRICTED | FUNDS —Previous | period | ||
| Balance at 1 | Incoming | Outgoing | Balance at | ||
| Apr 2021 f |
resources f |
resources f |
Transfers f |
31Nlar 2022f | |
| Buildings reserve 308,503 |
(9,773) | 298I730 | |||
| Cyclical | |||||
| maintenance | fund 27,443 |
8,980 | 36,423 | ||
| Extraordinary | |||||
| repair fund | (372,361) | 5~90 | (366,871) | ||
| Revenue reserve 131,378 |
87,763 | (28,317) | (14870) | 176,354 | |
| 94,963 | 87,763 | (38,090) | 144,636 |
| Designated | General | ||
|---|---|---|---|
| Funds | Funds | Total | |
| g | 6 | ||
| Tangible fixed assets | 288,956 | 288,956 | |
| Investments | 5,513 | 5,513 | |
| Cash at bank and in hand | 123,789 | 123,789 | |
| Current assets | 737 | 737 | |
| Current liabilities | (10,763) | {10,763) | |
| Non-current liabilities |
(241,342) | {241,342) | |
| 294,469 | (127,579) | 166,890 | |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS —Previous period | |||
| Designated | General | ||
| Funds | Funds | Total | |
| 6 | g | ||
| Tangible fixed assets | 298,729 | 298,729 | |
| Investments | 5,452 | 5,452 | |
| Cash at bank and in hand | 90,187 | 90,187 | |
| Current assets | 5,676 | 5,676 | |
| Current liabilities | (10,090) | (10,090) | |
| Non-current liabilities |
(245,318) | (245,318) | |
| 304,181 | (159,545) | 144,636 |