## |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.|||| ## ## ||6|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.|||||| |10|Creditors: amouats|laBing due after raore than oacyear||| |---|---|---|---|---| ||||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|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|