2023-03-31-accounts

Trustees		Alexander Campbell	OBEJP MNM (Chair)
		Jacqui Airey
		Catherine Attwood	BA(Hans)
		Jacinta Balchin
		Graham Barker
		Terence Simco MBE MNM
		Alison Westbrook	LLB (Hons), PgDiP, ACG
Secretary		S Robertson LLB, FCIH, ACG, MA
Charity number		1189155
National Almshouse
Association	Registration	24
number
Regulator ofSocial Housing		5123
number
Registered	office	10 Bell Mead
		Sawbridgeworth
		Herts
		CM21 9ES
Auditor		SKSAudit LLP
		3 Sheen Road
		Richmond Upon Thames
		TW9 1AD
Legal advisors		Devonshires
		30 Finsbury Circus
		London
		EC2M 7DT
Bankers		The Charity Bank Limited
		Fosse House
		182 High Street
		Tonbrldge
		Kent
		TN9 1BE
		CAF Bank Pic
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ

		Page
Trustees'report
Independent auditor's	report	10-12
Statement offinancial	activities	13
Balance sheet		14
Notes to the financial	statements	15-28

					Unrestricted	Endowment	Total	Total
					funds	funds
					2023	2023	2023	2022
				Notes		E	6	E
Income from:
Charitable activities					106,000		106,000	102,303
Other trading activities					473		473	867
Total Income					106,473		106,473	103,170
~Ott C
Expenditure on	Charitable	activities		6	73,677	12,082	85,759	74,153
Total operating	costs				73,677	12,082	85,759	74,153
Operating surplus/(deficit)					32,796	(12,082)	20,714	29,017
Investments				4	12,766		12,766	5,043
Interest payable Net gains/(losses) on investments				9 10	(21,386) (8,578)		(21,386) (8,578)	(13,551) 16,194
Net incoming/(outgoing)		resources	before	transfers	15,598	(12,082)	3,516	36,703
Transfer from George Green's Almshouses (Old Charity)								1,796,430
Net movement	in funds				15,598	(12,082)	3,516	1,833,133
Fund balances	at 1 April 2022				399,482	1,433,651	1,833,133
Fund balances	at 31 II/larch 2023				415,080	1,421,569	1,836,649	1,833,133

					2023		2022
				Notes	8		8
Pitted assets
Tangible assets				12		1,827,694		1,841,989
Investments				13		321,575		212,834
						2,149,269		2,054,823
Current assets
Debtors				14	15,261		29,354
Cash at bank and		in	hand		108,935		214,391
					124,196		243,745
Creditors:	amounts		falling due within
one year				16	(24,732)		(43,077)
Total assets less		current liabilities				2,248,733		2,255,491
Creditors:	amounts		falling due after
more than	one year			16		(412,084)		(422,358)
Net assets						1,836,649		1,833,133
Capital funds
Endowment	funds	- general		18		1,421,569		1,433,651
Income funds
Unrestricted	funds
Designated	funds			19	69,582		7,610
General unrestricted			funds		345,498		391,872
						415,080		399,482
						1,836,649		1,833,133

				2023 8	2022f
Residents'	Contributions:
Contributions	receivable	excluding	service charges	97,865	94,016
Service charges receivable				13,064	12,549
Void losses				(4,929)	(4,262)
				106,000	102,303

					2023	2022
	Social Housing	for	Women
3	Other trading	activities
					2023f	2022 8
	Utilities Charges Solar panel feed in		tariff		473	867
4	Investments
					2023	2022
						8
	M 8 G Investments-		Dividend	income	11,918	4,863
	Interest receivable				848	180
					12,766	5,043

Raising fund	s
		Endowment	Total	Total
		funds
		2023f	2023 6	2022 6
Depreciation	on Sarah Perry House	4,634	4,634	4,634
Depreciation	on Spanby properties	7,448	7,448	7,448
		12,082	12,082	12,082
Forthe year	ended 31 lillarch 2022
Fundraising	and publicity	12,082		12,082
		12,082		12,082

				Social	Total	Total
				Housing	2023	2022
				2023
				6
Depreciation				2,214	2,214	2,214
Property Repairs and			Maintenance	29,104	29,104	30,031
Insurance				2,312	2,312	1,821
Management		costs		17,521	17,521	7,770
Ground rent				600	600	600
Telephone				369	369	394
Bank Charges						110
Cleaning and		Gardening		2,813	2,813	10,349
Service Charge for Spanby Road				2,507	2,507	1,545
Legal and Professional Fees				3,000	3,000	450
				60,440	60,440	55,284
Share of support costs (see note 7)				8,666	8,666	3,085
Share ofgovernance			costs (see note 7)	4,571	4,571	3,702
				73,677	73,677	62,071
Analysis by		fund
Unrestricted	funds			68,343	68,343
Designated	funds			5,334	5,334
				73,677	73,677
For the year		ended	31March 2022
Unrestricted	funds			54,741		54,741
Designated	funds			7,330		7,330
				62,071		62,071

			Support	Governance	Total	Total
			costs E	costs	2023f	2022 E
Subscription and Licences			1,116		1,116	1,093
Postage and Stationery			264		264	212
Computer	Cost					30
Honorarium	to Clerk to	the Trustee				1,750
Legal and	professional	fees	480		480
Administrative costs			6,720		6,720
Bank charges			86		86
Audit fees				4,200	4,200	3,600
Trustees' expenses				371	371	102
			8,666	4,571	13,237	6,787
Analysed	between
Charitable	activities		8,666	4,571	13,237	6,787
			8,666	4,571	13,237	6,787

10	Net gains/(losses) on		investments
					Total	Total
					2023f	2022f
	Revaluation ofinvestments				(8,578)	16,194
					(8,578)	16,194
11	Net movement in funds				2023	2022
						f.
	Net movement in funds		is stated after charging/(crediting)
	Auditor's remuneration		-Audit Fees		2,760	2,400
	Auditor's remuneration		- Non Audit Fees		1,440	1,200
	Depreciation of owned		tangible fixed assets		14,296	14,296
12	Tangible fixed assets
				Freehold land	Leasehold	Total
				and buildings	land and
					bugdlngaf
	Cost
	At 1 April 2022			1,791,706	979,658	2,771,364
	Social Housing Grant			(546,889)	(294,877)	(841,766) J-
	At 31 March 2023			1,244,817	684,781	1,929,598
	Depreciation and impairment
	At 1 April 2022			67,064	20,544	87,608
	Depreciation charged	in the year		7,448	6,848	14,296
	At 31 March 2023			74,512	27,392	101,904
	Carrying amount
	At 31 March 2023			1,170,305	657,389	1,827,694
	At 31 March 2022			1,177,753	664,236	1,841,989

Fixed asset invest	ments
		2023
Cost or valuation		8
At 1 April 2022		212,834
Additions		117,319
Realised/Unrealised	gains/(losses)	(8,578)
At 31 March 2023		321,575
Carrying amount
At 31 March 2023		321,575
At 31 March 2022		212,834
Historicalcost		302,168

14	Debtors
					2023	2022
	Amounts	falling due		within one year:	6	6
	Trade debtors				13,071	27,808
	Prepayments		and accrued income		2,190	1,546
					15,261	29,354
15	Creditors:	amounts		falling due within one year
					2023	2022
					6
	Bank(cans				11,958	16,268
	Other creditors				5,797	26,809
	Accruals and		deferred	income	6,977
					24,732	43,077

16	Creditors:	amounts	falling	due	after	more	than	one	year
											2023	2022
										Notes	E	E
	Mortgage	loans									412,084	422,358
											412,084	422,358

Transfer	ofasset	s and	liabilities from old charity
				2023
				E
Tangible	fixed assets			1,856,286
Investments				192,168
Trade Debtors				26,545
Prepayments				1,605
Cash at	Bank and	in hand		208,818
Other creditors				(32,838)
Accruals				(3,360)
Mortgage	loan - Amount		falling due within one year	(16,720)
Mortgage	loan - Amount		falling due more than one year	(436,074)
				1,796,430

			Movement	In funds
		Transfer from	Incoming	Resources	Balance at	Resources	Balance st
		George	resources	expended	1 Aprg 2022	expended	31 March
		Green's					2e23
		Almhouses
		(old charltyi
		E		E	E
Permanent	endowments
Endowment	Funds	1,445,733		12,082	1,433,651	(12,082)	1,421,569
		1,445,733		12,082	1,433,651	(12,082)	1,421,569

							Move ment	In funds
				au.n.	1 7	r rmm	mine	R
				I Apdt2e21		e				I Apre se22	mmdm		51 Al mr
						e ~							2021
					Al	h s
					fntd	Ch dtr)
										6	6
Extraordinary Reps V Fund (ERF) Cyclbel Maintenance Fund (CMF) Llh RePlacamenl Fund (RPF)						19,616 30,512 I,SXl		(7,330)	6,072 8,368 500	18,357 38,880 2,000	(2,514) (2,820)	6,384 8,795	22,227 44,855 2,500
						61,627		(7,330)	14,940	59,237	(5,334)	15,679	69,582

20	Analysts ofnat assets between	funds
			General	Designated	Endowment	Total	General	Geslgnatsd	Endowment	Total
			unrestricted	funds	funds		unrestricted	funds	furlds
			furlde				funds
			2023	2023	2023		2022	2022	2022	2022
			F.	6	E		E	E	6	E
	Fund balances et 31 March 2023	ara represented
	by;
	Tangible assets		406,125		1,421,569	1,827,694	408,338		1,433,651	1,641,eee
	Investments		321,576			321,575	212,834			212,834
	Current assets/glabeitlss)		29,882	69,682		99,464	141,431	59,237		200,668
	Long term gabiwlas		(412,084)			(412,084)	(422,358)			(422,358)
			345,498	69,582	1,421,569	1,836,849	340,245	69,237	1,433,651	1,833,133