2023-12-31-accounts - The Mrs Henrietta Frances Le Personne Benevolent Trust

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Board ofTrustees	Board ofTrustees	Board ofTrustees				Mrs. EM Webster		(Chairman)
						Mr RJ Richards
						Mr P Cannon(Vice		Chairman)
						Mrs A Cooper
						Mrs C Steer
Officcrs:
Clerk						Mrs G,S.Caunt
Homes Manager			(Warden) i			Mrs F.Brigaeil
Msintcnaace		Manager:				Nr. l.Wmdwood
Principal Address:						Le Personne Homes
						Bans teed Road
						Catcrham
						Surrey
						CR3 5SW
Charity ao.						200290
Regulator of		Social Hoaslag registratioa			ao.	A0056
Almshouse	Association			no.		M6(3
Auditors:						Richard Place Dobsoa Services Limited
						iiy Station Road
						Crawley
						West Sussex
						RH)0 1HT
Solicitor:						Gulland Solicitors
						16Mill Street
						Maidstone
						Kent
						ME15 6XT
Beakers:						The Co-Operative	Bank Pic
						50 Cornhill
						London
						EC3V 3NJ

					Page
Legal and administrattve		tnformation
Trustees' report					4-8
Auditors report					9-11
Statement of boards'	responstbiltties				12
Statement ofcomprehensive			income (mc Income and Expenditure	account)	13
Balance sheet					14
Statement ofchanges	in	reserves
Statement ofcash flows					16
Notes to the asoounts					I7 - 23

				2023	2022
		Note
Turnover
Housing income				426,700	379,302
Operating expenditure				(272)544)	(235,092)
				154,156	144,210
Operating surplus
Income from fixed asset investments				136	126
Grant income
Interest receivable
Interest payable and similar charges				(67,455)	(36,142)
Gains/(Losses) on investments				319	(68)
Total couipreheasive	income for the year			87,156	108,126
On behalf ofthe Board:
PNe&k
E.Webster, Chairman			C Steer

			2023	2022
		Note
Fixed amcts
Tangible mscts			3,554,107	3,498,302
Ittveslmetlts			7,756	7,437
			3,561,863	3,505,739
Curreot assets
Debtors			28,135	28278
Cash al bank aad in hand			118,738	127,865
			146,873	156,143
Cr«dltom duc wlthla	oae year		(133,424)	(115,478)
Net current swats			13,449	40,665
Total amets less curreot gsbgltlcs			3,575,312	3,546,404
Crcdltotm amounts fstfiag dae sAcr morc than one year		10	(926,800)	(985,047)
Total oct amcts			2,648,512	2,561,357
Reserves;
Incontc atrd expcndinuc	reserve		1,467,083	1,380,031
Rcvaluafion rcscrvc			3302	3,583
Restricted reserve			173	389
Designated reswve			1,177,354	I,177,354
Total Reserves			2,648,512	2,561,357

			Income and expenditure	Realuation	Restricted	Designated	Total
				reserve	reserve	reserve
			reserve
At 01.0122			1,271,566	3,651	660	1,177,354	2,453,231
Surplus /(deficit) for the year			114,475		(271)	(6,010)	108,194
Revaluation	offixed	asset uivestments		(68)			(68)
Total comprehensive		Income	114,475	(68)	(271)	(6,010)	108,126
Transfers			(6,010)			6,010
At31.12.22	and 01.01.23		1,380,031		389	1,177,354	2,561357
Surplus / (deficit) for		the year	94,524		(216)	(7,471)	86,837
Revaluation	offixed asset investments			319			319
Total coruprehcuslve		income	94,524	319	(216)	(7,471)
Transfers			(7,471)			7,471
At 31,12.23			1,467,083	3,902	173	1,177,354	2,648,513

		2023	2022
	Note
Cash gotr from operating activities	12	184,135	167,501
Inler«vl paid		(67,455)	(36,142)
Nct cash from/(used ln) operating activities		116,680	131,359
Cash flovm from Inves(lag activities
Payments to acquire tangiltlc ftxcd assets		(M+60)	(20,388)
Rcccipts &om disposiag ofinvestments
Dividends A tntcrcst received		136	126
Net cash from/(used In) Invmtlng activities		(84,424)	(20,262)
Cash Saws froru ftnanclng scllvltlcs:
Acquisition ofnew loan
Rcpaymcat oflong lerm loses		(41,383)	(55,460)
Net cash from/(used ln) la finsndng activities		(41,383)	(55,460)
Nct Increase/(decrease) ln cash aad cash equivalents		(9,127)	55,637
Cash and cmh cquivsknls st01.01.2023		127,865	72,228
Cash and cash cqulvaknts at31.12.2023		118,738	127,865

2	Accommodation owned	Accommodation owned	aad	ln	mausgement	mausgement	mausgement	mausgement						Number of «nits at	Numbet' of«nits at 31.12.22
	Completed units
	Housmg for older people													43	43
	Housing used by stafi'
															44
3	Surplus on ordinary	actlvltes
	Surplus on ordinary activities			is sated		after		charging I		(crediting)
														2023	2022
														I	I
	Auditofs remuneration	(including			expenses			and benefits			in kind)	for audit services		7,000	6,600
	Auditof s remunerstioa	(including			cxpcnses			and benefits			in kiad)	for nonaudil	seMces
	Depreciation oflangible		fixed	assets										28,755	20,319
	(Gains)ILosses on far	value movement				of	iovestmcnts								68
4	Board and key nmnagcmcnl			pwsonnet			remuneration
	Thc total remuaeration	for key		management				personael		amounted		to 572 748 (2022-f72748)
5	Employees
	Number ofemployees
	The average monthly	number ofemployees						during	this	year was:
														2023	2022
														Number	Number
	Average number ofstaff		involved		in day to			day running			ofhome
	Employccs
	Officers
	Employment costs
														2023	2022
															f.
	Wages and Salaries													78,368	72,748
	Social security													IJ94	1,426
	Pension contributions													8,345	5,548
														88,707	79,722
	There ivcre no employees		whoa	annual		emoluments			were		560,000	or moro.

	Tallglblc Gsed insets		Housing Properties Im lettiag	Housing Properties Im lettiag	Pleat and nmcbinery	Pleat and nmcbinery	Ftxtures snd fiuings	Total
	Cost or valuation:
	Al 01.01.23		3,325,553		395,183		242,951	3,963,687
	Additions						84,560	84,560
	At 31.12.23		3,325,553		395,183		327,511	4,048,247
	Depreciation:
	At 01.01.23				264,	196	201,189	465,385
	Charge for the year				12,367		16,408	28,775
	At 31.1223				276,563		217,597	494,160
	Net book value:
	Ai 31.12.23		3325,553		118,620		109,914	4,542,407
	At 31.12.22		3,325,553		130,987		41,762	3,498,302
	The net book value ofhnd and buildings		comprised:
							2023	2022
	Land and buildings.							5
	Freehold						3P63,687	3,325,553
	Long leasehold
	Short leasehold
							3J63,687	3325,553
	Social housiag properties	mth a aet book	value of53,963,687(2022:53,325,553)	have bem pledged		as security for liabilitres Thcsc		assets have
	restricted litle
7	Fined asset investmcats
							Listed investment	Total
								f.
	Cost ofvaluation
	At start date 2023						7,437	7,437
	Additions
	Disposafs
	Revaluabon						319	319
	At end date 2023
	Canying amounL
	At end date 2023						7,756	7,756
	At end date 2022						7,437	7,437
	Tbe hbtorlcsl lnvestmeat	Is:
	At31 December2023							3,855
	At 31 December 2022							3,855

8	Debtors
					2023	2022
					E	E
	Trade debtors				14,687	18,505
	Prcpayments	and accrued		mcome	13,448	9,773
					28,135	28,278
9	Creditors: amounts		fsHlng due ivltblu one year
						2022
						E
	Bank loans and overdrahs				108,466	91,602
	Accruals				24,958	23,877
					133,424	115,479
	Bank loans and ovcrdrafts			Iotaging f961,280 (2022 - f985559)are secured by a legal charge held over the land and build mgs by tho		Cc operative
	Bank PLC.

Creditors: amouats
	2023	2022
	8	f.
Bank loans and overdmRs	926,800	985,047
Accruals
	926,800	985,047

Rcscrviu	Rcscrviu	Rcscrviu	Rcscrviu
a) Income and expenditure				reserve
Thc income and expenditure				reserve		represents	cumulative surplus					snd	deficits rml of	other adlustments.
														Movementin funds
								Balance at 0I.O I23					Incomiag IcsouIcm	Resources expended					Transfers	Balance at 31.12.23
										f.					f,					f
Income and cxpeaditure			reserve					1380,031					426,836	(332,313)					(7,471)	1,467,083
								1380,031					426,836	(332,313)					(7,471)	1,467,083
b) Restricted reserve
Ttie mcomc funds of	Uio		chanty		include restricted			funds		compromising			thc folloiving	unexpended	balances	ofdoasticns			and grants held	on trust for
specific purposes'
														Movement iu funds
								Balance at					Incoruing	Resources				Tramfers		Balance at
										01.01.23			resources	expended						31.12.23
										f			f		f					8
Le Personae Memorial		Fund								173										173
Social Activities Fund										216					(216)
										389					(216)					173
The Mcnmrisl Fund ivas			established			by doaations		from	local orgaaisstions and individuals Io clean the memorial								slones		ofUie Founders	gravestones
in tbe local cemetmy.
The Social Activibes	Fund represents					donations	received			that are	to	fuad social activities for the			residents
c) Designated funib and Investment						Rcvaluatioii		reserve
Tire Income fund ofthe		charity			include the fofiomng dcsigasted						funds which have been set aside				out ofunrestricted			funds by tbe trustees		for
specific purposes:
														Movement in funds
								Balance at					Incoming	Resources		Transfers Igains tb				Balance nt
									0101.23				IC SOUICCS	expanded					Icmes	31.12.23
										f			f.		f				f.
Cychcal Maintenance	fund									30,000					(7,47l)				7,471	30,000
Extraordinary Repair fund										5,781									54	5,835
ERFRevaluation fund										1,656									265	1,921
										7,437									319	7,756
Dcvelopnient fund
DF Revalution fund
Social Housing grant fund								I,143,500												1,143,500
								1,180,937							(7,471)				7,790	1,181,256
Invcslmcnt Revaluation		Reserve								(3,583)									(319)	(3,902)
Designalcd lbnd								1,177,354							(7,471)				7,471	1,177,354

12	Reconcfllaflon afoperaflag		surplus	ta cash	flow from	flow from	operating	operating	acthdtm
													2023	2022
														f
	Surplus for thc year												87,156	108,126
	Inlerest payable												67,455	36,142
	Intcrcst received												(136)	(126)
	Depreciation aud ioipaiment	oftangible fixed			assets								28,755	20,319
	(Gains) / losses on invesnnents												(319)	68
	(Increase) / decrease in trade	mid other		debtors									143	(8,737)
	Increase / (decrease) in trade	and other		creditors									1,081	11,709
	Net cash floiv from operating		actlvltm										184,135	167,501
13	Financial lastramenls
	The carrying amounts ofthe	financial mstruments				are as follows:
													2023	2022
	Financial assets
	Measured at fair value though		the statement ofcomprehensive					income
	- Fixed asset listed investment		(note 7)										7,756	7,347
													7,756	7,347
	Debt instnunents measured at amortised			cost:
	-Trade debtors(note 8)												14,687	I2,424
	-Other debtors (note 8)												13,448	15,855
													28,135	28,279
	Flrmaciai liabilities
	Measured at amortised cost
	-Bank loans and overdrafl (notes 9-10)												1,035,266	1,076,649
	-Other credilors (note 9)												24,958	23,877
	The income, expenses, net gains aad net			losses	attnbutable		lo	the hnancial	instnunents		are summarised	as follows.
													2023 8	20221
	became and expense
	Financial liabilities measured	at amorliscd cast
	Nsi gainr aad losses /hie/in/irrg		changes	lnfair	ichic/
	Financial assets measured at fair value through				the	statement		ofcomprehensive		incorue				68