2022-12-31-accounts

Trustees			Ms M J Coward	(Ch	(Ch
			Mrs BLBennett
			Ms EWatson
			Mr EW Freeman
			MrJTank
			Mr P Mellors (Treas			rer)
			DrS Malton (Appoin			ed February 2022)
			Ms J Ellis (Appointe			April 2022)
Website			https://www. abelcolli			s.org.uk
Administrator			Mrs C Hughes
Warden			Mrs V Smith
Charity number			1188997
Principal address			13a Collin's Homes
			Derby Road
			Beeston
			Nottingham
			NG9 2TF
Auditor			Rogers Spencer
			Newstead House
			Pelham Road
			Nottingham
			NG5 1AP
Bankers			National Westminst			r Bank Pic
			Smiths Bank Branch
			16South Parade
			Notting ham
			NG1 2JX
Solicitors			Browne Jacobson		L
			Mowbray House
			Castle Meadow	Roa
			Notting ham
			NG2 1BJ
Managing	agents		Lambert Smith Ham			ton
(commercial		property)	City Gate East
			Nottingham
			NG1 IFS
Investment		advisors	Evelyn Partners
			Loxley House
			Riverside Business			ark
			Tottle Road
			Nottingham
			NG2 1HT

			Page
Trustees' report			1-4
Statement of	trustees'	responsibilities
Administrator's	report		6-7
Independent	auditor's	report	8-1Q
Statement of	financial	activities
Balance sheet			12
Notes to the	financial	statements	13-22

FOR THE YEAR	ENDED 3l	DECEMBER 2022
				Unrestricted	Unrestricted
				funds		funds
				2022		2021
			Notes
income from: Other trading activities Charitable activities Investments				72,849 321,828 47,119		69,467 309,009 44,940 4,338,178
Income from transfer	offunds from	old charity		441,796		4,761,594
Total income
				1,563		694
Other trading activities				362,065		357,226
Charitable activities				363,628		357,920
Total resources expended
				78 168		4403 674
Net. income before investment		gains	6	(166,742)		216,710
Net gainsl(losses)	on investments
				(88,574)		4,619,384
Net movement in	funds
				4,619,384
Fund balances at	1 January 2022			4,530,810		4,619,384
Fund balances at 31 December 2022

BALANCE SHEE ASAT 31OECEIN	T BER 2022
		Notes		2022 f		2021 f
Fixed assets Tangible assets Investment properties		13 11 12			1,735,070 600,000 1,428,871		1,741,617 685,000 1,801,632
Investments					3,763,941		4,228,249
Current assets Debtors Cash at bank and in	hand	14	2 78	,742 ,944		53,053 384,225
			80	,686		437,278
Creditors: amounts	falling due within			,817)		(46,143)
one year					766,869		391 135
Net current assets Total assets less current liabilities					4,530,810		4,619,384
Income funds
Unrestricted funds Designated funds General unrestricted	funds	1?	4,5	5,922 4,888	4,530,810	25,922 4,593,462	4,619,384
					4,530,810		4,619,384

he cost of each compo economic life.	nent to its esti	mated res	idual val
The major components	ofthe housing	properties	and the
Building structure			100year 70years
Roofs Windows and doors Boilers			30years 15years 20years
Kitchens Bathrooms Heating and plumbing Electrics			30years 30year 40year
~Solar aoela:

	Charitable activities -ex	pen	diture
				2022	2021
				78,817	56,614
	Maintenance Utilities Other homes expenses Major works &refurbishment Depreciation Administrator's salary Insurance & office expenses Professionai fees		costs	74,990 72,666 9,175 63,089 22,006 14,266 6,632 2,341	98,389 64,589 22,764 59,802 21,507 10,920 6,652 1,728
	Gifts, outings & parties			343982	342965
				18,083	14,261
	Share ofgovernance costs		(see note 7)	362,065	357,226
7	Governance costs			2Q22	2021
				3,785	3,684
	Administrator's salary Audit and accountancy	fees		10,806 3,492	9,087 1,490
	Legal and professional	fees		18,083	14,261

Unrestricted	Unrestricted
funds	funds
2Q22	2021
	E
(166,742)	215,710

12	Fixed asset investments	Listed investments
	Cost or valuation At 1 January 2022 Valuation changes	1,801,632 (51,198) (321,563)
	Disposals	1,428,871
	At 31 December 2022
	Carrying amount	1,428,871
	At 31 December 2022	1,801,632
	At 31 December 2021

13	Tangible fixed assets	Freehold property	So	I	r panels	Fixtures 8 fittings f IT	equipment	Total
	Cost At 1 January 2022 Additions	1,932,174 38,794			47,900	10,601 17,233	515	2,090,675 56,542
	At 31 December 2022	1,970,968			147,900	27,834	515	2,147,217
	Depreciation At 1 January 2022 Depreciation charged in the year At 31 December 2022	245,289 44,745 290,034			99,833 14,790 114,623	3,936 3,554 7,490		349,058 63,089 412,147
	Carrying amount At 31 December 2022	1,680,934			33,277	20,344	515	1,735,070
	At 31 December 2021	1,686,885			48,067	6,665		1,741,617
	The freehold property consists ofthe homes at Derby		Ro
	Houses 1-26, built pre-war Bungalows 27-50, built in 1958 Bungiaows 51-53,built between 1980					86,308 89,815
	and 1982 Bungalows 54-56, built in 1985 Bunglaows 57-59, built in 1990 Drury bungalows practical completion	January 2010				83,027 125,233 750,198
	Capitalisation of components on					836,387
	various properties
						1,970,968

14	Debtors			2022 K	2021 F
	Amounts falling due	within one year:
	Trade debtors Other debtors			21,743	17,966 35,087
	Prepayments and accrued income			21,742	53,053
15	Creditors: amounts	falling due within one year		2022f	2021
				2,901	459
	Other taxation and social security			3,108	7,257
	Trade creditors			168	981
	Other creditors			31,640	37,446
	Accruals and deferred		income
				37,817	46,143

	INovement
	in funds
Balance at 1 January 2Q22	Incoming resources	Balance at 31 December 2Q+
25,922		25,922
25,922		25,922

NCOME AND EXPE FOR THE YEAR EN	NDITUR DED 31	E ACCOUNT DECEMBER 2022
			2022
			f.
income Residents' maintenance Miscellaneous income	and heating	contributions	321,828 146 17,151	309,009 120 15,065
Solar energy income			339,125	324,194
Total income
Expenditure
Management: Administrator's salary Postage, stationery and Audit and accountancy	office expenses		25,791 1,730 9,071 9,662	25,191 1,573 9,589 6,711
Insurance			46,254	43,064
Maintenance: Routine			58,993 19,824	33,732 22,883
Painting and decorating			78,817	56,615
			74,990	98,389
Utilities
Other expenses: Warden's salary and associated Alarm system/maintenance Garden maintenance Cleaning Telephone Staff travel and training Solar panel maintenance		costs	19,391 12,853 22,658 5,215 2,535 464 5,062 355	20,304 11,351 16,163 4,696 2,478 1,019 3,389 2,700
Hall costs			4,132	2,488
Sundries
			72,665	64,588
			272,726	262,656
Total expenditure
			66,399	61,538
Operating surplus

FOR THE YEAR EN	DED 3	1DECEMBER 2022
			2022f
			55,552	54,282
Rents receivable
Less			(1,563)	(694)
Net property expenses			53,989	53,588
Other income Investment income			46,129 991	44,911 29
Interest receivable			101,109	98,528
Total income
Expenditure Major works and refurbishment Depreciation Audit and professional services Professional fees Insurance		costs	9,175 63,090 2,850 9,010 2,874 2,341	22,764 59,802 2,850 4,791 2,635 1,728
Christmas gifts			89,340	94,570
Total expenditure
			11,769	3,958
Operating surplus