2022-03-31-accounts - The Countess Of Derby's Almshouses CIO

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	Index
		Page
Report ofthe Trustees		1-3
Independent Examiners report to	the Trustees
Statement ofComprehensive Income
Statement ofchanges in Reserves
Statement of Financial Position
Cash Flow Statement
Notes to the Financial Statements
Detailed Income and Expenditure	Account
Schedule ofInvestments LIncome		17

FOR THE YE	AR ENDED	31	STMARCH 2	022
					NOTES	2022 f	2021
TURNOVER:
Income:
Contributions from		residents:		Rent		84,297	85,668
				Services		18,720	17,239
Grants						4,554	4,558
						107,571	107,465
Less: Losses from Voids							(879)
						107g571	106~586
OPERATING	EXPENDITURE
Services						(24,096)	(25,973)
Management Day to day maintenance Cyclical maintenance						(29,546) (1,866) (22,330)	(36,064) (5,121) (24,701)
OPERATING	SURPLUS					29,733	14,727
Gains/Losses on investments						21,204	52,007
Interest	receivable	and	other income		3	9,441	10,055
Interest	payable and similar charges				4	(2,166)	(3,026)
SURPLUS
					5,7	58I212	73,763
TOTAL COMPREHENSIVE			INCOME FOR THE YEAR

			Income	and	Revaluation	Total
			Expenditure	Reserve	Reserve
Balance	at 1 April 2021			560,746	140,053	700,799
Surplus	from Statement	of
Comprehensive income				58,212		58,212
Transfers				(21,204)	21,204
Balance	at 31March 2022			597,753	161,257	750011

COUNTESS	OF DERBY'S AL	OF DERBY'S AL	OF DERBY'S AL	OF DERBY'S AL	MSHOUSES CIO	MSHOUSES CIO
STATEMENT	OF FINANCIAL				POSITION AT		31STMARCH 2022
									NOTES	2022 f	2021 f
FIXEDASSETS
Housing	properties
Cost										424,257	424,257
										424,257	424,257
Investments, at market				value						310,094	279/647
										734,351	703,904
CURRENT ASSETS
Cash at	bank and	in hand								47,761	35,640
										47,761	35,640
LESSCREDITORS: Amounts					falling	due within	one year		10	(18,460)	(19,132)
NET CURRENT ASSETS										29,301	16,508
TOTAL ASSETS LESS		CURRENT LIABILIT1ES								763/652	720/4 12
CREDITORS:
Amounts	falling due after				more than one year					(4,641)	(19,613)
TOTAL NET	ASSETS									759,011	700,799
RESERVES
Income and expenditure Investment revaluation				reserve reserve					12 13	597,754 161,257	560,746 140,053
										759,011	700,799
Approved by	the Trustees		on		........4+~.......... and signed o			their
behalf by:
										(Trustee)
										(Trustee)

						2022	2021
						6
Net income for the reporting period (as per the		statement	offinancial		activites)	58,212	73,763
Adjustments for:
Gains/losses on investments						(21,204)	(527007)
Interest received Rental Income						(10) (107,571)	(3) (106,586)
Investment Income received Increase/(Decrease) in creditors						(9,431) (6,172)	(10,052) (20,416)
Decrease/ (increase) in debtors
Net cash provided by (used in) operating	activites					86 176	115301
Cash flows from operating activites: Cash generated from operations						(86,176)	(115,301)
Net cash provided by (used in) operating	activites					(867176)	(1157301)
Cash flows from Investing activites:
Housing properties transferred from Countess of Derby's Almshouses
Investments transferred from Countess	of	Derby's Almshouses
Interest received						10	3
Rents received						107,571	106,586
Investment Income received						9,431	10,052
Accumulated dividends						(9,243)	(9,818)
Net cash provided by (used in) investing	activites					107,769	106,823
Cash flows from financing activities:
Repayments of borrowing						(9,472)	(9,472)
Net cash provided by (used in ) financing		activities				(9,472)	(9,472)
Change in cash and cash equivalents in the reporting			period			12,121	(17,950)
Cash and cash equivalents at the beginning		ofthe reporting		period		35,640	53,590
Cash and cash equivalents at the end of	the reporting		period			47 761	35 640


3.	INTEREST RECEIVABLE AND		OTHER INCOME		2022	2021 f
	Bank deposit Interest				10	3
	Investment Income				9,431	10,052
					9,441	10,055
4.	INTEREST PAYABLE AND SIMILAR CHARGES				2022 f	2021
	On loans wholly or	partly repayable		in more than five years	2,166	3,026
5.	SURPLUS ON ORDINARY ACTIVITIES				2022 f	2021 f
	This is stated after	charging:
	Independent	Examiner's	fees		2,400	2,400
					2,400	2,400
6.	STAFF COSTS				2022	2021 f
	Wages and salaries				11,013	10,488
					11,013	10,488

8.	FIXEDASSETS HOUSING	PROPERTIES	2022 f	2021 f
	Cost:
	At 1st April 2021 and 31st	March 2022	424,257	424/257
9.	INVESTMENTS		2022 f	2021 f
	Market value of UK listed investments
	Brought forward Accumulated dividends		279,647 9,243	217,823 9,817
	Unrealised gains/(losses)		21,204	52,007
	Market value of investments	at 31st March 2022	310,094	279,647

							2022 f	2021 E
Fresh pic loan							4,641	15,059
Deferred Income Grant								4,554
							4/641	19,613
The Fresh pic loan is repayable		by half-yearly			fixed payments	ofE5,818.99
(including interest), and the	principal		amount		will be repaid	over the following
periods:
More than 1year but less		that 2	years				4/641	10,418
More than 2 years but less		than	5 years					4,641
							4,641	15,059
Grants deferred were	comprised			as	follows:
The Housing Association								1,048
The Housing Corporation								2,577
Chichester District Council		and Chase		Charity etc				218
Department ofthe Environment								711
Tota I Grants								4,554

Movements	on th	e General Fun
			2022	2021
			General	General
Unrestricted	Fund		Fund	Fund
			E	E
Balance brought		forward
at 1st April	2021		560,746	538,990
(Deficit)/Surplus		for the year	58,212	73,763
Transfers			(21,204)	(52,007)
Balance at	31st March 2022		597,754	560,746

Movement	on the Reserve for the year	was as follows:
				2022	2021
				E	E
Excess of market value over cost
at beginning	ofyear			140,053	88,046
Transfers				21,204	52,007
				161,257	140,053
NET ASSETS BETWEEN FUNDS
		Tangible			2022
		fixed		Other net
		assets	Investments	assets	Total
		E	E	E	E
Unrestricted	Fund	424,257	148,837	24,660	597,754
Investment	Revaluation Reserve		161,257		161,257
		424,257	310,094	24g660	759~011

						2022 f	2021 f
Maintenance contributions	from			residents		103,017	102,907
Grants						4,554	4,558
Less: Losses from voids							(879)
						107,571	106,586
Bank deposit interest received						10
Dividends received						9,431	10,052
						117,012	116,641
Less Expenditure:
Community Care emergency				alarm system	rental	(4,040)	(4,040)
Water Rates and Council		Tax				(4,794)	(4,476)
Insurance						(2,192)	(2,149)
Repairs and redecorations			etc.			(24,196)	(29,822)
Gardening and Cleaning						(4,426)	(5,043)
Subscriptions, advertising,				etc		(381)	(381)
Electricity Gas for central heating						(2,072) (8,764)	(1,950) (10,463)
Legal and professsional		fees				(1,800)	(8,702)
Accountancy and audit	fee					(12,600)	(12,600)
Estate Agent's commision						(195)
Christmas gifts						(515)	(515)
Sundry expenses						(230)	(616)
Fresh pic - loan interest Manager						(2,166) (11,013)	(3,026) (10,488)
Internet						(618)	(536)
Stationery						(2)	(76)
Investment Gains/Losses						21,204	52,007
						58~212	73g763

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