## ## |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| ## ## |13|Investment|property|| |---|---|---|---| ||||2023| ||Fair value||| ||At 1 January|2023 and 31 December 2023|600,000| ## ## |14|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| ## ##