2023-12-31-accounts - The United Charities Of Abel Collin

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Trustees			Ms MJCoward	(Chair)	(Chair)
			Mrs 8 LBennett
			Ms EWatson
			MrJTank
			Mr PMellom (Treasurer)
			Ms'J E Ellis (Vice-'Chair)
			Ms C Edwards	(Appointed		September 2023)
Website			https:I/www. abelcollins. org.uk
Administrator			Mm C Hughes
Independent		Living Cowrdinator	Ms SCollishaw
Charity number			1188997
Principal address			13aCollin's Homes
			Derby Road
			Beeston
			Nottingham
			NG9 2TF
Auditor			Rogers Spencer
			Newstead House
			Pelham Road
			Nottingham
			NG5 1AP
Bankers			National Westminster		Bank Pic
			Smiths Bank Branch
			16South Parade
			Nottingham
			NG1 2JX
Solicitors			Browne Jacobson LLP
			Mowbray House
			Castle Meadow	Road
			Nottingham
			NG2 1BJ
Managing	agents		Lambert Smith	Hampton
(commercial		property)	City Gate East
			Nottingham
			NG1 1FS
Investment		advisors	Evelyn Partners
			Loxley House
			Riverside Business Park
			Tottle Road
			Nottingham
			NG2 1HT

		Page
Trustees' reporl		1-4
Statement oftrustees'	responsibilities
Administrator's report
Independent auditor's	report	8-10
Statement offinancial	activities
Balance sheet		12
Notes to the financial	statements	13 - 21

					L'000
Kitchens, wetrooms,		refurbishments,	boilers etc (capitalised)		143
Other non-routine	repair works etc.		(treated as revenue	repairs)	39
Total					182

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
		Notes	6
Income from:
Other trading activities		2	105,646	72,849
Charitable activities		3	349,409	321,828
Investments		4	31,095	47,119
Total income			486,150	441,796
~Edit
Other trading activities		5	1,250	1,563
Charitable activities		8	531,441	362,065
Total resources expended			532,691	363,628
Net (deficit)/income before investment	gains		(46,541)	78,168
Net gains/(losses) on investments		8	43,443	(166,742)
Net movement in funds			(3,098)	(88,574)
Fund balances at 1 January 2023			4,530,810	4,619,384
Fund balances at 31December 2023			4,527,712	4,530,810

					2023		2022
				Notes	6
Fixed assets
Tangible assets				14		1,806,009		1,735,070
Investment	properties			13		600,000		600,000
Investments				12		1,751,873		1,428,871
						4,157,882		3,763,941
Current assets
Debtors				15	105,503		21,742
Cash at bank and		in	hand		331,245		782,944
					436,748		804,686
Creditors:	amounts		falling due within
one year				16	(66,918)		(37,817)'
Net current	assels					369,830		766,869
Total assets less		current liabilities				4,527,712		4,530,810
Income funds
Unrestricted	funds
Designated	funds			18	4,332,881		25,922
General unrestricted			funds		194,831		4,504,888
							!Iris'+.
						4,527,712		4,530,810
						4,527,712		4,530,810

Building structure	100years
Roofs	70years
Windows and doors	30years
Boilers	15years
Kitchens	20years
Bathrooms	30years
Heating and plumbing	30years
Electrics	40years

1	Accounting policies	(Continued)
1.7	Investment properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
	It is the policy ofthe Trustees to consider the valuation ofthe Investment Properties each year and to prepare a valuation every fifth year and to amend the valuation ifappropriate.
1.8	Fixed asset investments
	Fixed asset investments are initially measured at transaction price including subsequently measured at fair value at each reporting date. Changes in fair income/(expenditure) for the year. Transaction costs are expensed as incurred.	transaction costs, and are value are recognised in net
1.9	Impairment offixed assets
	At each reporting end date, the charity reviews the canying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (ifany).
1.10	Employee benefits
	The cost of any unused holiday entitlement is recognised in the period in which received.	the employee's services are
	Termination benefits are recognised immediately as an expense when the charity to terminate the employment ofan employee or to provide termination benefits.	is demonstrably committed
1.11	Retirement benefits
	Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2	Other trading activities - income
		2023 8 2022f
	Commercial rents receivable	87,944 55,552
	Solar energy income	17,506 17,151
	Other incoming resources	196 146
		105,646 72,849

3	Charitable	activities - income	activities - income	activities - income
						2023f	2022 6
	Residents'	maintenance		and heating	contributions	349,409	321,828
4	Investments		-income
						2023	2022
						6	6
	Dividends	receivable from investments			and unit trusts	15,558	42,289
	Fixed interest		investments			4,375	3,839
	interest receivable					11,162	991
						31,095	47,119
5	Other trading		activities	- expenditure

				Unrestricted
				funds
				2023	2022
				6	6
Property	expenses	- agent's	fees	1,250	1,563
				1,250	1,563

				2023	2022
					f
Maintenance				52,837	78,817
Utilities				210,477	74,990
Other homes 'Major works Depreciatio'n	expenses & refurbishment		costs	91,664 39,222 71,949	72,666 9,175 63,089
Administrator's	salary			27,688	22,006
Insurance &office expenses Professional fees				16,663 3,757	14,266 .6,632
Gifts, outings	&parties			3,092	2,341
				517349	343982
Share ofgovernance		costs	(see note 7)	14,092	18,083
				531.441	362,065
Governance	costs
				2023f	2022f
Administrator's salary Audit and accountancy Legal and professional		fees fees		4,753 8.789 550	3,785 10,806 3,492
				14,092	18.083

			Unrestricted	Unrestricted
			fullds	funds
Gains/(losses)		arising on:	2023 f	2022 f
Revaluation	of	investments	43,443	(166,742)

		2023	2022
		Number	Number
Employment	costs	2023	2022
		8	E
Wages and salaries		61,374	44,257
Pension costs		1,418	925
		62,792	45,182

Fixed asset investments
	Listed	Cash in	Total
	investments	portfolio
	8
Cost or valuation
At 1 January 2023	1,428,871		1,428,871
Additions	1,970,362	13,708	1,984,070
Valuation changes	33,034	10,409	43,443
Dividends reinvested	2,292	312	2,604
Disposals .	(1,707,115)		(1,707,115)
At 31 December 2023	1,727,444	24,429	1,751,873
Carrying amount
At 31 December 2023	1,727,444	24,429	1,751,873
At 31 December 2022	1,428,871		1,428,871

Investment	property
		2023
Fair value
At 1 January	2023 and 31 December 2023	600,000

Tangible fixed assets
		Freehold	Solar panels	Fixtures a	ITequipment	Total
		property		fittings
				6	8
Cost
At 1 January 2023		1,970,968	147,900	27,834	515	2,147,217
Additions		142,888				142,888
At 31 December 2023		2.113.856	147,900	27,834	515	2,290,105
Depreciation
At 1 January 2023		290.034	114,623	7,490		412,147
Depreciation charged	in the year	51,901	14,790	5,086	172	71,949
At 31 December 2023		341,935	129,413	12,576	172	484,096
Carrying amount
At 31 December 2023		1,771,921	18,487	15,258	343	1,806,009
At 31 December 2022		1,680,934	33,277	20,344	515	1,735,070
The freehold property	consists ofthe homes at Derby		Road:
Houses 1-26,built pre-war
Bungalows 27-50, built in 1958				86,308
Bunglaows 51-53,built between 1980				89,815
and 1982
Bungalows 54-56, built in 1985				83,027
Bunglaows 57-59, built in 1990				125,233
Drury bungalows practical completion		January 2010		750,198
Capitalisation ofcomponents on
various properties				979,275
				2,113,856

Debtors
		2023	2022
Amounts falling due within one year:		6	6
Trade debtors		(1)
Other debtors		80,763
Prepayments	and accrued income	24,741	21,742
		105,503	21,742

		Balance at	Tranefem	Balance at
		1January 2023		31 Decemtter
			f	2023 f
Extraordinary	repair fund	25,922	(25,922)
Homes fund			1,806,008	1,806,008
Modernisation	fund		2,526,873	2,526,873
		25,922	4,306,959	4,332,881