| Contents | Page | |
|---|---|---|
| Charity Information | ||
| Trustees' Report |
2 —7 | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities | ||
| Balance Sheet | 10 | |
| Notes to the Accounts | 11-15 |
| Trustees: | G Naidoo | |||||||
|---|---|---|---|---|---|---|---|---|
| J Grimes | ||||||||
| R Gomez Balaguer | ||||||||
| M Dyson | ||||||||
| J Skelton | (resigned 15March 2023) | |||||||
| Registered | Office." | 106Heworth | Green | |||||
| York | ||||||||
| YO317TQ | ||||||||
| Charitable | Incorporated | Company | Registration | Number: | 1191341 | |||
| Independent | Examiner: | Sue Hutchinson | FCCA | |||||
| Beever and Struthers | ||||||||
| One Express | ||||||||
| 1George Leigh Street | ||||||||
| Ancoats | ||||||||
| Manchester | ||||||||
| M4 5DL | ||||||||
| Solicitors: | Ward Hadaway | |||||||
| Sandgate House |
||||||||
| 102Quayside | ||||||||
| Newcastle Upon |
Tyne | |||||||
| NE13DX | ||||||||
| Bankers: | Santander UK |
PLC | ||||||
| 7 High Ousegate | ||||||||
| York | ||||||||
| YO1 BRZ |
| Maintain Assets —The delivery of |
Property | Top Quartile: |
Top Quartile: |
Excellence | |||
|---|---|---|---|---|---|---|---|
| Ol Ul |
c Cl E |
high performing efficient and compliant property maintenance and servicing arrangements that |
Maintenance Service Satisfaction |
Trusted | |||
| lOC | deliver excellence and maintain our property portfolio to a high |
Reduced average |
|||||
| standard | Property costs | ||||||
| Develop New Business —Fully |
Growth | 12 properties | in | Enterprise | |||
| appraise each development opportunity as IF expands its |
management | by | Collaborative | ||||
| portfolio across the country as a |
|||||||
| unique housing 5 charitable |
|||||||
| organisation | |||||||
| Organisational Development- |
People | National Top | Inclusive | ||||
| To encourage innovation and flair within the team, combined with a reward structure that encourages |
Employer Award Low turnover of |
Collaborative | |||||
| individuals who will always |
staff | ||||||
| continue to demonst, rate the |
|||||||
| extra commitment to get the job |
|||||||
| done | |||||||
| Continuous Improvement —To |
Delivery | & | Investors | in | Excellence | ||
| continuously improve our |
Customer | Excellence | |||||
| operational systems and service |
Accreditation | ||||||
| delivery |
| Home life Tenant Involvement — |
Resident | Top | Quartile | Quartile | Inclusive | ||
|---|---|---|---|---|---|---|---|
| Support 5 encourage |
Involvement | Customer | |||||
| volunteering, training and |
Satisfact:ion | ||||||
| IUuaI | employment opportunities and the related benefits this brings to |
||||||
| Q | an individual's lifestyle |
||||||
| X | |||||||
| UJI | Customer Excellence —Meet the |
Diversity | 5 | Customer | Excellence | ||
| E0 | housing needs of vulnerable people and provide a range of |
choice | Excellence Accreditation |
||||
| EJ | housing related services to |
||||||
| enable the tenants to live a happy | Investors | in | |||||
| and sustainable lifestyle |
Diversity | ||||||
| Accreditation | |||||||
| Financial Viability- Befinancially | Finance | Deliver | against | Trusted | |||
| viable, and professionally |
our business | plan | |||||
| managed | |||||||
| Zt | |||||||
| Cl | |||||||
| IJL WC IZ |
Value for Money —Tobe efficient in our drive to provide a range of housing and related services to a |
Value | Reduce Average Operational Costs |
Excellence | |||
| recognised quality to all our |
Margins &10% | ||||||
| current tenants and customers |
| Key Management | Personnel |
|---|---|
| N Brown | —Chief Executive |
| P Atkins | —Property Director |
| M Dodgson | —Operations Director |
| SMilnes | —Finance Director |
| 5Waters | —Business Director |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| 2023 | 2023 | 2022 | ||||
| Note | f'000 | f'000 | f'000 | |||
| Income and Endowments | from: | |||||
| Donations and legacies |
350 | 350 | 350 | |||
| Charitable Activities |
27 | 27 | ||||
| Investment Income |
5 | 5 | ||||
| Total income and endowments | 382 | 382 | 350 | |||
| Expenditure on: |
||||||
| Charitable activities |
(21) | (21) | (3) | |||
| Total expenditure | (21) | (21) | (3) | |||
| Net income | 361 | 361 | 347 | |||
| Reconciliation offunds |
||||||
| Total funds brought forward | 696 | 696 | 349 | |||
| Total funds carried forward | 14 | 1,057 | 1,057 | 696 |
| Notes | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| f'000 | f'000 | f'000 | f'000 | ||||||
| Fixed assets | |||||||||
| Properties | 364 | 153 | |||||||
| 364 | 153 | ||||||||
| Current assets | |||||||||
| Trade and other debtors | 4 | 2 | |||||||
| Cash at bank | and in | hand | 692 | 554 | |||||
| 696 | 556 | ||||||||
| Less: | |||||||||
| Creditors: amounts | falling due | ||||||||
| within one year | (3) | (13) | |||||||
| Net current | assets | 693 | 543 | ||||||
| Total assets | less current liabilities | 1,057 | 696 | ||||||
| Net assets | 1,057 | 696 | |||||||
| Funds ofthe | Charity | ||||||||
| Unrestricted | funds | 14 | 1,057 | 696 | |||||
| Total funds | 1,057 | 696 |
| Structure | 50years | ||
|---|---|---|---|
| Roofs | 75years | ||
| Heating | and plumbing | - boiler | 15years |
| Kitchens | 20years | ||
| Bathrooms | 20 —30years | ||
| Windows | and doors | 20 —35years | |
| Electrica | I | 40years |
| Unrestricted | Total | Unrestricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||
| 2023 | 2023 | 2022 | 2022 | ||||||
| f'000 | f'000 | f'000 | f'000 | ||||||
| Gift | aid donation | 350 | 350 | 350 | 350 | ||||
| 350 | 350 | 350 | 350 | ||||||
| 4 | Charitable | Activities | |||||||
| Unrest, ricted | Total | Unrestricted | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| 2023 | 2023 | 2022 | 2022 | ||||||
| f'000 | f'000 | f'000 | f'000 | ||||||
| Rental income | 15 | 15 | |||||||
| Recharges | 11 | 11 | |||||||
| Service Charges | 1 | 1 | |||||||
| 27 | 27 | ||||||||
| 5 | Investment | Income | |||||||
| Unrestricted | Total | Unrestricted | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| 2023 | 2023 | 2022 | 2022 | ||||||
| f'000 | f'000 | f'000 | f'000 | ||||||
| Interest receivable | |||||||||
| 6 | Expenditure | on charitable | activities | ||||||
| Unrestricted | Total | Unrestricted | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| 2023 | 2023 | 2022 | 2022 | ||||||
| f'000 | f'000 | f'000 | f'000 | ||||||
| Insurance | and | other expenses | 10 | 10 | |||||
| Central services | 2 | 2 | |||||||
| Depreciation | 8 | 8 | |||||||
| Governance | costs | 1 | 1 | ||||||
| 21 |
| 2023 | 2022 |
|---|---|
| f'000 | f'000 |
| 1 | 1 |
| 2023 | 2022 | |
|---|---|---|
| f | f | |
| G Naidoo | 9,963 | 7,865 |
| J Grimes | 4,901 | 4,178 |
| R Gomez Balaguer | 15,435 | 10,278 |
| 30,299 | 22,321 |
| The Charity is a registered charity and is therefore exempt |
from taxation on its charitable activities. |
|
|---|---|---|
| 11 Tangible fixed assets |
Housing | |
| Properties | Total | |
| f'000 | f'000 | |
| Cost | ||
| At 1April 2022 | 154 | 154 |
| Additions | 219 | 219 |
| At 31March 2023 | 373 | 373 |
| Depreciation and impairment |
||
| At 1April 2022 | ||
| Charge for the year | ||
| At 31March 2023 | ||
| Net book value | ||
| At 31March 2023 | 364 | 364 |
| At 31March 2022 | 153 | 153 |
| 12 Trade and other |
12 Trade and other |
debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| f'000 | f'000 | |||||||||
| Rental debtors | ||||||||||
| Prepayments | and accrued income | |||||||||
| Other debtors | ||||||||||
| 13 Creditors: | amounts | falling due within | one year | |||||||
| 2023 | 2022 | |||||||||
| f'000 | f'000 | |||||||||
| Trade Creditors | 1 | 12 | ||||||||
| Accruals and deferred | income | 1 | 1 | |||||||
| Other Creditors | 1 | |||||||||
| 13 | ||||||||||
| 14 Funds |
||||||||||
| Balance | at | Balance | at | |||||||
| 1April | Incoming | Resources | 31March | |||||||
| 2022 | resources | expended | 2023 | |||||||
| f'000 | f'000 | f'000 | f'000 | |||||||
| General fund | 696 | 382 | (21) | 1,057 | ||||||
| 696 | 382 | (21) | 1,057 | |||||||
| 15 Analysis |
ofnet assets between | funds | ||||||||
| Unrestricted | Total | Unrestricted | Total | |||||||
| Funds | Funds | Funds | Funds | |||||||
| 2023 | 2023 | 2022 | 2022 | |||||||
| f'000 | f'000 | f'000 | f'000 | |||||||
| Tangible fixed | assets | 364 | 364 | 153 | 153 | |||||
| Current assets | 696 | 696 | 556 | 556 | ||||||
| Current liabilities |
(3) | (3) | (13) | (13) | ||||||
| 1,057 | 1,057 | 696 | 696 |