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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|
##
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|Year Ended 31 Nlarch 20|23|||||
|---|---|---|---|---|---|
||Income and|Investment||||
||expenditure|revaluation|Designated|Endowment||
||reserve|reserve|reserves|reserve|Total|
|At 1April 2021|112,?54||1,931,907|81,614|2,148,549|
|Surplus for the year|129,968||||129,968|
|Revaluation
ofinvestments||13,478|||13,478|
|Total comprehensive||||||
|income|129,968|13,478|||143,446|
|Transfers|35,122||(35,122)|||
|At 31INarch 2022 and|277,844|35,752|1,896,785|81,614|2,291,995|
|1 April 2022||||||
|Surplus forthe year|74,000||||74,000|
|Revaluation
ofinvestments||(7,835)|||(7,835)|
|Total comprehensive||||||
|income|74,000|(7,835)|||66,165|
|Transfers|62,370||(62,370)|||
|At 31 INarch 2023|414,214|27,917|1,834,415|81,614|2,358,160|
##
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|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|
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|||||2023||2022|
|---|---|---|---|---|---|---|
|||||Administrative|Operating|Operating|
||||Turnover|Expenditure|Surplus|Surplus|
|Social|housing|lettings|401,533|(350,454)|51,079|111,416|
|Other|operating|income|12,438||12,438|10,969|
|Total|||413,971|350,454|63,517|122,385|
##
|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|
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|angible fixed assets —other||
|---|---|
||Freehold|
||land and|
||buildings|
|Cost or valuation:||
|At 1 Apdl 2022 and 31 March 2023|92,350|
|Depreciation:||
|At 1 April 2022|16,849|
|Charge forthe year|1,847|
|At 31 March 2023|17,696|
|Net book value:||
|At 31 March 2023|73,654|
|At 31 March 2022|75,501|
##
|ixed asset investments|||
|---|---|---|
||Listed and||
||unlisted||
||investments|Total|
|At valuation|||
|At 1 April 2022|155,761|156,751|
|Additions|||
|Disposals|||
|Revaluation|(7,835|(7,836)|
|At 31 March 2023|147,916|147,916|
|Net book value|||
|At 31 March 2023|147,916|147,916|
|At 31 March 2022|155,751|155,761|
##
|ebtors||||
|---|---|---|---|
|||2023|2022|
|Rent arrears||12,1?0|12,037|
|Social Housing|Grants receivable|||
|Prepayments|and accrued income|7,91?|4,960|
|||20,087|16,99?|
##
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|||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|
##
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||||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|
##
|Reserves|Reserves|||
|---|---|---|---|
|a) Permanent
endowment
fund||2023
P|2022f|
|Balance brought forward||81,614|81,614|
|Movement
in the year||||
|Balance at 31 March 2023||81,614|81,614|
|b) Investment
revaluation|reserve|2023f|2Q22|
|Balance brought
forward||35,752|22,274|
|Revaluation
ofinvestments||(7,835)|13,478|
|Balance at 31 March 2023||27,917|36,572|
##
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|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|reserve|||
|---|---|---|---|
|||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|
##
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|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|||||
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