2022-12-31-accounts

CONTENTS			PAGE
Legal and Administrative	Information
Report ofthe Trustees			2 —5
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes forming part ofthe Financial		Statements	9 —17
Value for Money Statement			17

FOR THK Y	EAR ENDE	D 31D	ECEMB	ER 2022
				Unrestricted	Restricted	Endowment
				Funds	Funds	Funds	Total	Total
				2022	2022	2022	2022	2021
			Notes	f.
Income and Endowments		from:
Donations				225	140		365	7,880
Charitable activities				90,654			90,654	90,936
Investments				3,979			3,979	2,720
Other				974			974
Total				95,832	140		95,972	101,536
Expenditure	on:
Charitable activities				80,952	637		81,589	102,599
Governance				1,291			1,291	3,071
Total				82,243	637		82,880	105,670
Net Operating	Income/(Expenditure)			13,589	(497)		13,092	{4,134)
Net (losses)/gains on investments			8	{2,998)			(2,998)	7,802
Net Income/(Expenditure)		for the year		10,591	(497)		10,094	3,668
Transfer between funds				(497)	497
Net movement	in funds			10,094			10,094	3,668
Fund balances	at 1 January	2022		159,281		46,754	206,035	202,367
Fund balances at 31December 2022				169,375		46,754	216,129	206,035

		Notes	2022	2021
Fixed Assets
Tangible fixed assets			46,754	46,754
Current Assets
Investments Cash at bank and	in hand		103,215 66,160	102,406 56,875
Creditors			169,375	159,281
Amounts falling within one year
Net Current Assets			169,375	159,281
Total Assets less	Current Liabilities		216,129	206,035
Total Net Assets			216,129	206,035
The Funds ofthe	Charity
Endowment funds Restricted funds		10 11	46,754	46,754
			46,754	46,754
Unrestricted funds		12
Designated	funds	13	28,483	18,312
General Reserve		14	140,892	140,969
			169,375	159,281
			216,129	206,035

			2022	2021
Maintenance	contributions	received	90,654	90,936

					Unrestricted	Restricted	Endowment
					Funds	Funds	Funds	Total	Total
					2022		2022	2022	2021
Charitable		expenditure
Stoke Hospital property			maintenance	costs	61,378			61,378	84,379
Support costs Residents' amenities					19,574	637		19,574 637	17,533 687
					80,952	637		81,589	102,599
Governance		costs
Professional		fees			960			960	35
Independent Examiner's Bank charges			fee		250 81			250 81	2,940 96
					1,291			1,291	3,071
					82,243	637		82,880	105,670

6.ACCOMMODATION	6.ACCOMMODATION	IN	MANAGEMENT	MANAGEMENT
					2022	2021
The number ofunits ofaccommodation				in management
at 31 December was:
Number	ofbed spaces					14
7.FIXEDASSETS
						2021
Freehold	Land and Buildings
Original	1796Stoke Hospital		building	(historical cost not known)
Additions	and Improvements	at cost
- 1970					28,726	28,726
—1980					10,279	10,279
- 1996					56,263	56,263
- 1997					22,480	22,480
- 1998					1,538	1,538
					119,286	119,286
Less: Capital grants received
Guildford	Borough Council	Grant 1978i79			9,068	9,068
Social Housing Grant 1997/98					60,528	60,528
Donation	from Guildford Poyle Charity			1980	1,316	1,316
Surrey County Council Grant					1,000	1,000
Guildford	Borough Council	Grant			620	620
					72,532	72,532
Total Freehold Land and Buildings					46,754	46,754

		2022	2021
M&GCharity Multi-asset Fund
Value as	at 1 January 2022	102,406	61,892
Transfer	from The Hospital ofWilliam Parson (Trust)
Additions			30,000
Dividends	reinvested	3,807	2,712
Revalued	in Year	(2,998)	7,802
Value as	at 31 December 2022	103/15	102,406
Historical	cost	56,992	56,992

9.ANALYSIS OF NKT ASSETS	9.ANALYSIS OF NKT ASSETS	BETWEEN FUNDS
At 31December 2022		Fixed Assets	Investments	Cash	Total
				f.
Unrestricted	Funds		103,215	66,160	169,375
Restricted funds
Endowment	fund	46,754			46,754
		46,754	103,215	66,160	216,129
At 31December 2021		Fixed Assets	Investments	Cash	Total
Unrestricted	Funds		102,406	56,875	159,281
Restricted funds
Endowment	fund	46,754			46,754
		46,754	102,406	56,875	206,035

10.END	O	WMENT FUNDS
			2022	2021
Balance	at	1 January 2022	46,754	46,754
Balance	at	31December 2022	46,754	46,754

11.REST	RICTED FUNDS
Amenities	Fund	2022	2021
Balance at	1 January 2022
Donations	received	140	130
Expenditure	in Year	(637)	(687)
Transfer from General Reserve		497	557

Computer	Fund	2022	2021
Balance at	1 January 2022
Donations	received		700
Expenditure	in Year		(728)
Transfer from General Reserve			28

12.UNRESTRICTED FUNDS	12.UNRESTRICTED FUNDS	12.UNRESTRICTED FUNDS
			2022	2021
Balance at 1 3anuary	2022		159,281	155,613
Net income for the Year			10,591	4,253
Transfer to restricted	reserve		(497)	(585)
Balance at 31 December 2022			169/75	159,281
Allocation ofUnrestricted		Funds
			2022	2021
Designated Fandsr
Extraordinary Repair	Fund		6,607	6,699
Cyclical Repair Fund			20,269	11,520
Chapel Improvement	Fund		1,607	93
			28,483	18,312
General Reserve			140,892	140,969
Balance at 31December 2022			169,375	159,281

13.DESIG	NATED FUNDS
		Extra-		Chapel
Designated	funds for the year ended	ordinary	Cyclical	Improve-
31December 2022		Repair	Repair	ment
		Fund	Fund	Fund	Total
Balances at I January 2022		6,699	11,520	93	18,312
Allocation	from General Reserve	14,500	14,250	13,000	41,750
Expenditure		(14,592)	(5,501)	(11,486)	(31,579)
Balances at 31December 2022		6,607	20,269	1,607	28,483
		Extra-		Chapel
Designated	funds for the year ended	ordinary	Cyclical	Improve-
31December 2021		Repair	Repair	ment
		Fund	Fund	Fund	Total
			f.	K
Balances at 1 January 2021		22,798	20,007	3,786	46,591
Allocation	from General Reserve	8,000	18,000	1,000	27,000
Expenditure		(24,099)	(26,487}	(4,693}	(55,279)
Balances at	31 December 2021	6,699	11,520	93	18,312

		2022	2021
Balance at 1 January 2022		140,969	109,022
Net Income for the year		10,591	4,253
Net transfers to designated	reserves	(10,171)	28,279
Transfer to restricted reserve		(497)	(585)
Balance at 31 December 2022		140,892	140,969

				2022	2021
Reinvestment				Nil%	Nil%
New supply delivered	- Social units			Nil%	N
	-Non-Social	units		Nil%	Nil%
Gearing~				Nil%	Nil%
Earnings before interest, tax, depreciation		and amortisation	interest cover*	Nla	N/a
Headline social housing cost per unit				65,920	K7,548
Operating margin	-Social Housing Lettings			14%	-5%
	- Overall			14%	-5%
Return on capital employed				6%	2%

				2022
INCOME
Contributions by Residents			(net ofvoids)	79,182	79,996
Investment and other	income			4,953	2,720
Grants and donations Insurance claim re lost		income		365	7,880
Total Charitable Income				84,500	90,596
EXPENDITURE
Charitable Activities
Electricity and gas Water rates				8,446 1,435	9,022 668
TVLicences				219	218
Less: Residents contributions				(11,472)	(10,940)
Net utility costsl(credit)				(1,372)	(1,032)
Extraordinary repairs				26,079	29,521
Cyclical maintenance				5,502	26,487
General repairs and maintenance				10,128	9,611
Emergency communication			system	2,530	2,063
Gardening services				3,312	2,952
Cleaning				1,545	1,742
Window cleaning				180	240
Residents' amenities				637	687
Clerk's fees and disbursements The Trust Partnership Fees				9,355 7,400	14,860
Assistant clerk				865	950
Insurance				2,002	1,855
Telephone				410	1,055
Subscriptions				858	566
Printing and office expenses				208	102
Sundry expenses				478
Governance
Professional fees					35
Independent Examiner's Bank charges		fee		250 81	2,940 96
Total Expenditure				71,408	94,730
SURPLUSIDEFICIT	FOR		THE YEAR	13,092	(4,134)