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





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|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<br>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<br>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<br>on investments|||8|{2,998)|||(2,998)|7,802|
|Net Income/(Expenditure)||for the year||10,591|(497)||10,094|3,668|
|Transfer between<br>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|





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|||Notes|2022|2021|
|---|---|---|---|---|
|Fixed Assets|||||
|Tangible fixed assets|||46,754|46,754|
|Current<br>Assets|||||
|Investments<br>Cash at bank and|in hand||103,215<br>66,160|102,406<br>56,875|
|Creditors|||169,375|159,281|
|Amounts<br>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<br>funds<br>Restricted<br>funds||10<br>11|46,754|46,754|
||||46,754|46,754|
|Unrestricted<br>funds||12|||
|Designated|funds|13|28,483|18,312|
|General Reserve||14|140,892|140,969|
||||169,375|159,281|
||||216,129|206,035|





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||||2022|2021|
|---|---|---|---|---|
|Maintenance|contributions|received|90,654|90,936|



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



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|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<br>Grant 1997/98|||||60,528|60,528|
|Donation|from Guildford<br>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|





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|||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|



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|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|





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|10.END|O|WMENT<br>FUNDS|||
|---|---|---|---|---|
||||2022|2021|
|Balance|at|1 January 2022|46,754|46,754|
|Balance|at|31December 2022|46,754|46,754|



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|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<br>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|





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|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|



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|||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|



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|||||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<br>social housing cost per unit||||65,920|K7,548|
|Operating<br>margin|-Social Housing Lettings|||14%|-5%|
||- Overall|||14%|-5%|
|Return on capital employed||||6%|2%|



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