##
##
|||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|
##
##
||||Notes|||||
|---|---|---|---|---|---|---|---|
|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|
##
##
|||lnconte and||||
|---|---|---|---|---|---|
|||expenditure|Restricted|Kndwvtnent||
|||reserve|reserve|reserve||
|At 1 January 2021||684,186|129,171|573,377|1,386,734|
|Surplus
/ (de6cit) for|the year|23,198||65,024|101,912|
|Total coQ1prehensive|income|707,384|142,851|638,411|1,488,646|
|Transfers between funds||(34,1673|26,247|7,920||
|At 31December 2021 and 1 January 2022||673,217|169,098|646,331||
|Surplus
/ idc6cit) for|the year|34,717|(5,081)|(26,867)||
|Total comprehensive|income|707,934|164,017||1,491,415|
|Transfers between funds||(38,471)|28,349|||
|At 31December 2022||669,463|192366|629,586|1,491,415|
##
||||||Note||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|
##
##
|INVESTMENTS|||
|---|---|---|
||Cost|Market|
|||Value|
|Kndavvtnent
fund|||
|Balance brought
forward|306,446|639,4I7|
|Additions
ln year|0|0|
|Dispasals
in year|0||
|Accuinrdated
income|10,122|10„122|
|Change in market value|0|~36 867|
|Balance carried fonvard|316,568||
|Cash on deposit at brokers|7||
|Total endc vvment
funds|316,$75||
|Extraordinary
repairs fond|||
|BaIance brought fortvard|153,173|169,098|
|Additions
in year|21,600|21,600|
|Disposals
iri year|0|0|
|Accumulated
income|6,749|6,749|
|Change m market value|0|~9,08I)|
|Ba1ance carried forivard|181,522|193366|
|At 3 1.December 2022|490fl97|815,045|
|At 31December 2021|439,646|SIIS341|
##
|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|