2022-12-31-accounts - Aylott Janes Almshouses

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		Page
Registered Social Housing Provider l[nfarmation
Trustees Report
Report ofthe Independent	Auditors
Statement ofComprehensive	Income
Saiance Sheet
Statement ofChanges iu Reserves
Statement ofCash Aovvs
Notes to the Financial Statements

	AYLOTT PANES ALMSIIOUSES	AYLOTT PANES ALMSIIOUSES	AYLOTT PANES ALMSIIOUSES
REGISTKREO SOCIAI HOUSING PROVIDER INFORMATION
	for the Yea» Ended 31Decetnber 2022
	Umncorporated charity registered			15January 1963
	Charity Registered	Number 200230
	Regulator ofSocial	Housing Number			A0211
TRUSTEES
CHAIRS.N;	Councillor 0Agbley
OTHER TRUSTEES:	C Tollexvey
	P Banks-Smith
	KA Cowan
	Father RBroom
	Councillor JYoung
	Councillor JHussein
	Councillor 9Franks		(Resigned		11/10/2022)
	Councillor F Begum
CLERKTO THE TRUSTEES;	Duncan Welch &Co
REGISTERED OFFICE:	Peterson House
	2a Tennyson Road
	Luton
	Bedfordshire
	LUI 3RT
AUOITORS:	Miller &Co
	5 Imperial Court
	Layorte Way
	Luton
	Bedfordshire
	LU4 8FF.
	Metro Bank
	10 - 20 Castle Street
	Luton
	Bedfordshire
	LU1 3AJ
	NadjVest Bank Plc
	31 Creorge Street
	Luton
	8edfordshn'e
	LU12YN
INVESTi&KNT KIANAGERSt	J 1vfFmn &Co
	4 Coleman Street
	London
	EC2R 5TA

		AVLOTT JAXFS ALMSHOUSES	AVLOTT JAXFS ALMSHOUSES
		STATEMENT OF COMPREHENSIVE INCOME
			for the Year Ended 31Decetnber 2022
				2D2i
Turnover			148@71	139,943
Operating	expenditure		(1~33147)	(1~37423)
Operatirtg	(de6citj/surplus
Income kom fixed		asset investments	18,893	20,678
Movements	in fan' valtte of
financial lnstrinnents			(31,948)
Total comprehensive		income for the year		10l 912


FIXEDASSETS:
Freehold Housing Properties						763,316
Investments						808,541
				1,567380		1,571,852
CURRENT ASSETS'.
Debtors			994M
Cash at bank and in hand			SS,767
			98,IS2		93,956
CREDITORS: Amounts		falling
due within one year			11718		12,135
NET CURRENT ASSETS				86,464		81,821
CREDITORS: Amounts		falling
due after more than one year				162,429
TOTAL NET ASSETS				51491415
Restricted funds:
Bndowment reserve				6299586		646331
Restricted reserve				191,866		169998
				821,952		&15,429
Unrestricted funds.
income and expenditure	reserve			669,463		673&17
				91,491,415		51,488,646

						2021
Net cash	flow from operating		activities		22,918	13953
Net cash	flow from investing		activities
Dividends	received				18,893	20,678
Pay11Mnts	to acquits tnvestmeuts				~38,471	(34,167)
Net cash	Cow from investing					13,489
Net (decrease) / increase in		cash and cash equivalents			3,340
Cash and	cash equivalents.	at	beginning	ofthe year		84,970
Cash and	cash equivaknts	at	end ofthe	year		85,434
Cash and	cash equivalents	consist of
Cash at bank and on hand					88,767
Cash on deposit vrith brokers					7
Cash and	cash equivalents	at	end ofthe	year	88,'774	85,434

HOUSING LKTTING	S
					2022	2021
Turnover
Contributions receivable net ofidentifiable				service charges and voids	139,939	130,719
Service charge income					6,434	6,626
Atnortised government	grants				2,598	~259g
Turnover from social	housing lettlngs				148,971	139,943
Administrative expenditure		(note 17)
ivianagement costs					377587	33,634
Service charge costs					24,019	25,790
Repairs and inaintenance					605$S6	67,024
Gifts to tenants					10
Depreciatiott ofhousing	properties				19,9"l$	10,975
Atirninistrative expenditure		on social	housing Iettings
Operating surplus on	social	housing	lettings
Uoid losses						~$9754
All turnover and expenditure		is in respect ofhousing for older people.
						FreehoM
						Housing
						Proper+
Cost
At 1 January 2022 and	31 Decem'her 2022					827 75$3
Depreciation
At 1 January2922						69,8%
Charge for year						28,575
At 31 December 2022
Net book value
At 31December 2022						752.335
At 31 December 2021						753218

Contribution	arrears	3,368
Prepayments		6,047
		9,413	8,349
CREDITORSr ABIOUNTS FALLING
DUE WITHIN ONE YEAR
			2021
			k
Contributir7ns	paid in advance	5„193	5,701
Accrued expenses		3,927	3,836
Deferred income		2,598	2,598
			13,133

Deferred	income	162	420	163027
		162	420	163,027

					2022	2021
EÃ808'MD/1'RESFJf	VE
Brought forward					646,331	573,377
Net transfers from, income and expenditure		reserve			10,122	7,920
Movement in fair value					~M~06T)	63,034
					620 086	646 331
The endowment reserve	is made up ofthe	endowment	fund which provides	investment	income for die charity.
PFSFRICTEO RESFItVE
Brought forward					169@98	129,171
Net transfers trotn income and expenditure Movetnent in fair value		reserve			28,349 ~0,083)	26,247 13,6110
Canted forward

15,	CASH FLOW FROM OPERAT	ING ACTIVl	HKS
							2022	2021
								E
	Surplus t(deficit) for the year						2,769	101912
	Amortised housing grant						(2,598)	(2,598)
	Depreciation oftangible fixed assets						10,975	10,975
	(Decrease) / Increase in creditors						(417) .	888
	Decrease / (increase) in debtors						(866)	2168
	Dividends receivable						(18&893)	(20,678)
	Movement in fair value offixed	asset mvestments					3 ITS	~i78.714
	At 31 December 2022							13,953
16.	FINANCIAL INSTRUMENTS
	The carrying amounts ofthe charity's tmancial		instruments	are as folio7x s:
	Financial assets
	Measured at fair value through	the statement ofcomprehensive			income:
	-Fixed asset listed investments	(note 5)					8151145	808 542
	Debt instruments measured at amortised cost: -Other debtors (note 6}						3348	~201
	Financial liabilities
	Measured at amortised cost
	~ Other creditors (note 7)
	The income, expenses, net gains	and net losses attributable		to the charity's		financial	mstruments are as foItows:
	!nc0me 52nd expense
	Financial assets measured at fair value thmugh		the
	statement ofcomprehensive income;						15,007	17,'793
	Ner gains and losses (including	changes infair	value)
	Financial assets measured at fair value through		the
	statement ofcomprehensive income:						J&4948&	78,714

PERATING COST	S
						2021
Management costs
property insurance					3/08	3,200
Subscription s					333	309
Feefor right ofvvay					150	150
Management charges					27,600	24,000
Auditors' reriutneration					1,920	1,848
Auditors' remuneration			—non audit work		1,290	l,242
IAgal and prot'essional		fees			2,886	2,885
Bank charges
					97,587	33634
Service costs
%'ater rates					6,432	6,626
Counnl tax on empty propert&es Light k heat on empty properties					1,347 1,242	1,695 279
Sundry expenses					937	1,705
Lighting ofcommon	areas				1,668	1,099
%'arden*s light and. heat					1/82	1,525
Vt'arden's telephone					I/62	1,547
%arden's council tax					1,336	1,296
Warden's water rates					144	114
Warden's Christmas	box gift				250	500
%arden call system					1,634	1,544
Cleaning					2/05	4,100
Garden maintenance					3,980	3,760
						25.790
Oay to day repairs and			maintenance
Repairs and servicing	toboilers				3,370	2,028
Gas safety check and	servicing				3,468	3,264
Ptutnbing repairs					3,'763	4,939
%arden call maintenance					3,697	3,606
Redecoration and refurbishment				offlats	32,789	39,137
Fire extinguisher servicing and replacements					606	428
Electrical repairs					7P,34	9,212
General repairs					5629	4410