2023-03-31-accounts - Peter Birtwistle Trust

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Year Ended 31Ilarch	2023
			2023	2022
			Total	Total
		Note
Turnover			401,533	361,655
Administrative expenditure			{350,454)	(250,239}
Other operating income			l2,438	10,969
Operating surplus			63,517	122,385
income from fixed asset investments			7,759	7,229
Interest receivable and similar income			2,724	354
Surplus on ordinary activities forthe year before tax			74,000
Tax on surplus on ordinary	activities
Surplus forthe year after	tax		74,000	129,968
Ail ofthe activities ofthe charity are classed as continuing.

					2022
			Note
Fixed assets Tangible fixed assets			9,10	3,687,566	3,753,611
Current assets
Debtors			12	20,087	16,997
investments			11	147,916	155,751
Cash at bank and in hand				513,580	445,669
				681,583	618,417
Creditors: amounts Net current assets	falling due within one year		13	(102,248 579,340	(94,979 523,441
Total assets less current liabilities				4,266,906	4,277,052
Creditors: amounts	falling due after more than one year		14	(1,908,746)	(1.985,057)
Total net assets				2,358,160	2,291,995
Reserves
Income and expenditure Investment revaluation		reserve reserve	15 15	414,214 27,917	277,844 35,752
Designated reserves Permanent endowment		reserve	15 15	1,834,415 81,614	1,896,785 81,614
Total Reserves				2,358,160	2,291,995

Year Ended 31 INarch 2	023
			2023	2022
		Note
Cash flow from operating	activities		122,929	166,276
Net cash flow from operating activities			122,929	166,276
Cash flow from investing	activities
Payments to acquire tangible fixed assets			(22,716)	(180,247)
Grants received				150,000
Interest received			2,724	354
Dividends received			7,759	7,229
Net cash flow from investing activities			(12.233)	(22,664)
Cash flow from financing	ac5vities
Receipt ofnew long-term loans
Repayment oflong term loans Interest paid			(56,141) 13,356	(56,141) 13,596
Net cash flow from financing activities			(42,785)	(42,545)
Net increase in cash and cash equivalents			67,911	(101,067)
Cash and cash equivalents	at 1April 2022		445,669	344,602
Cash and cash equivalents	at31 INarch 2023		5't3,580	445,669
Cash and cash equivalents	consists of:
Cash at bank and in hand				445,669
Cash and cash equivalents	at 31 INarch 2023		513,580	445,669

Accommodation owned	and in management
		Number of	Number of
		units at	units at
		31 March	31 March
		2023	2022
Completed units:
General needs housing	let at social rent
Units under development
General needs housing	let at social rent
Interest and other finance	income and charges
a) Interest receivable and	similar income		2022f
Bank interest receivable		2,724	354
b) interest payable and similar charges Bank loan interest		13,856	14,096

Surplus on o	rdinary activities	is stated	after charging / (crediting	):
				2023f	2022
Depreciation	oftangible fixed	assets		88,761	73,886
Amortisation	ofSocial Housing	Grant		(33,276)	(26,678)
Profit /( loss)	on fair value movement		ofinvestments	(?,835)	13,478
Auditors remuneration				3,600	3,600

		2023	2022
Trade creditors
Rents paid in advance			408
Other taxes and social security
Social Housing Grant not Almshouses Association	spent loan	10,000	10,000
Triodos Bank loan		6,785	6,535
Pendle Borough Council Other creditors	loan	26,250 22,273	26,250 14,907
Accruals and deferred income		3,600	3,600
Deferred income —Social	Housing Grants	33,276	33,276
		102243	94,976

			2023	2022
Almshouses Association	loan		30,000	40,0QQ
Triodos Bank loan			161,467	168,252
Pendle Borough Council Deferred income: Social Deferred income. Social Deferred income: Social	loan Housing Housing Housing	Grants (original developments) Grants (2018/19 developments) Grants (Market Street)	435,313 358,976 3Q6,240 626,750	461,563 372,097 313,200 639,945
			1,908,746	1,985,057

c)Designated reserves	c)Designated reserves
						2022
						F
Housing	development reserve:
Balance	brought forward				20,663	225,000
Transfer	from / (to) the Income and Expenditure			Account	29,337	(204,337)
Balance	at 31 March 2023				M,OOO	20,663
					2023	2022
Fixed assets reserve. "
Balance	brought forward				1,692,493	1,666,9Q7
Transfer	from the Income and Expenditure		Account			25,586
Transfer	to the income and Expenditure	Account			(63,638)
Balance	at 31 March 2023				1,628,855	1,692,493
					2023	2022
Major repair reserve:
Balance	brought forward				150,000	40,000
Transfer	(to) / from the Income and Expenditure			Account	(24,440)	110,000
Balance	at 31 March 2023				125,560	150,QQO
					2023	2022
Site enhancement reserve:
Balance	brought forward				30,000
Transfer	(to) / from the Income and Expenditure			Account		30,000
Balance	at 31 March 2023				30,000	30,000
						2022
Service	charge reserve:
Balance	brought forward				3,629
Transfer	(to) / from the income and Expenditure			Account	(3,629)	3,629
Balance at.31 March 2023						3,629
						2022
Total designated reserves					1,834,415	1,896,785

d) Income and Expenditure
	2023	2022
Balance brought forward	277,844	112,754
Surplus for the year	?4,000	129,968
Net transfer (to)/from:
Housing development reserve	(29,337)	204.337
Fixed assets reserve	63,638	(25,586)
Major repairs reserve Site enhancement reserve	24,440	(110,000) (30,000)
Service charge reserve	3,629	(3,629)
Balance at 31 March 2023	414,2'I4	277,844

	2023	2022
Surplus forthe year	?4,000	129,968
interest received and investment income	(10,483)	(7,583)
Depreciation and impairment oftangible fixed assets	88,761	73,886
Amortisation ofgrants	(33,276)	(26,678)
Proceeds ofsale oftangible fixed assets
Proceeds ofsale ofinvestments
Decrease / (increase) in trade and other debtors	(3,090)	(3,534)
(Decrease) / Increase in trade and other creditors	7,017	217
Net cash flow from operating activities	122,929	166,276

apital funding an	d commitments
			2023	2022
Capital expenditure	that has been contracted	for but has not been
provided for in the	financial statements			20,663
Capital expenditure	that has been authorised	by the Board but
has not yet been contracted for