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2022-12-31-accounts

Legal and Administrative
information
Report ofthe Trustees 2-4
ladependent
Examiner
s Report
Statemeat ofComprehensive
income
Statement ofFiaancial positioa
Statement ofCash Flows
Notes to the Financial Statements 9-15

TR STKES: TR STKES: Mrs Gillian Cooper
Mrs Janet Fardell (Chair)
Revd Eric Lomax
Mrs Frances Leonard
Mrs Anneue
Chandler
Rcvd Andrea Maffei
Miss Julia Bros
CH NUMBER: 200397
INDKP NDENT EXAMINER: Rawlinson
Ptyde Limited
Argem House
5 Goldington
Road
Bedford
MK40 3JY
BAN RS: NatWest Bank pic
81 High Street
Bedford
MK40 1YN
INVEST E A KRS BlackRock Investment Management (UK) Ltd
PG Box545
Darlington
DL1 9TQ
M gc G Securities Limited
PO Box9038
Chelmsford
CM992XF

Unrestricted Restricted Total Total
Notes fggdss ~fund $022 3@1
INCOMING
RESOURCES
Vo/unrery
incomer
Contributions
Receivable (Gross)		 103,144 103,144 10I,I99
Less: Voids (2,633) (2,633) (5,551)
Less: Write-Offs (Fraud)
Contributions
Receivable (Net)		 100,511 100)5II 95,648
Grants Received
Invesnnent
Income		 5,622 5,622 5376
Interest Receivable 98 98 5
Sundry Income 74 74 48
TOTAL INCOMING RESOURCES 106&5 106WS 100,977
RESOURCES EXPENDED
Administrative
Expenses		 3 (103,798) (103)798) (105,908)
Interest Payable and Similar Charges
TOTAL RESOURCES EXPENDED (103,798) (103,798) (105,908)
Change
in Value ofInvestmcnts		 (184i94) (18~4) 1,703
(DEFICIT)/SURPLUS FOR THE YEAR (16,087) (16,087) (3%8)
SURPLUS DROUGHT FORWARD IS4,705 184,705 187,933
TRANSFERS
SURPLUS CARRIED FORWARD 168,618 168,618 184,705

~TJ ~ WHO
STATEN OFFl C
AS AT 31DECEMBER 2022
Notes 202 202I
FIXEDASSETS:
Tangible assets I,123415 1,126,548
Investments 115,734 134328
1W8,949 1360,876
CURRENT ASSETS:
Cash at bank and in hand 85,432 71,003
Debtors 3,153 2,514
Stock 152
M,737 73,517
CRKDlTORS: Amounts falling
due within
one year		 7 (2452) (3,900)
NET CURRENT ASSETS: 86,185 69,617
CREDITORS: Amounts falling
due greater than one year 7 (3,750) (6,250)
NKT ASSETS: 1,324343
FUNDS:
Accumulated
surplus		 12 102,057 99,550
Investment
revaluation		 rescrvc 13 66,561 SS,I55
Surplus carried forward 168,618 184,705
Restricted funds 14
Maintenance
reserves		 8 140,163 126,935
Property
equity reserve		 15 1,012,603 1,012,603
TOTAL FUNDS: I,324343

~02
Cashflow
from operatiag activities
Surplus/(deficit)
for the year		 (16,087) (3,228)
Adjustments
for non-cash
items:
Depreciation oftangible fixed assets 8,059 7,990
Decrease/(increase)
in debtors		 (639) (339)
Increase/(decrease)
in creditors		 (1348) 53&
Increase/(decrease)
in maintenance		 reserve 13428 16,006
Decrease/(increase)
in stock		 (152)
Net cash generated
from operating		 activities 3,061 20,967
Cash flow from iavesting activltiesi
Purchase oftangible fixed assets (4,726) (25.280)
Purchase ofinvesunents
Decrease/(increase)
in investment		 value 18,594 (1,703)
Disposal oftangible fixed assets
Cash liow from fiaaacing activities
Repayments
ofborrowings		 (2~) (2,500)
Net change
in cash and cash equivaleats		 14,429 (8,518)
Cash and cash equivalents
at beginning		 ofthe year 71,003 79,521
Cash and cash equivalcats at end ofthe year 71,003

Administrative
exp		 ense s include the following:
Total Total
2022 ~21
6
Housing
management		 expensest
Clerk's fees 7,999 8,052
insurance 2,189 2,066
Subscriptions 654 599
General expenses 1,654 1,497
Accountancy
fees		 1,118 984
AA administration fee 125 125
Professional
fees- legal		 2,300
13,739 15,623
Service costs:
Warden's
salary		 15,788 15,191
Employer's
NIC
Cate-link
and mobile warden costs		 203
8~		 196
8,749
Rates 4,760 5,355
Light and heat 3,832 2,778
Telephone 804 668
Gardening 5,960 5,945
Cleaning 578 582
Television licences 197 180
Professional
fees		 3331
40,660 42,975
Property provisions:
Repairs and maintenance		 provisions 41~ 39,320
Depreciation 8,059 7,990
Loss/(Profit)
on disposal
49399 47,310
Total administrative expenses 103,798 105,908

TANGIBLE FIXEDASSETS
Freehold Fresh ohl Fixtures and Total
Housing
f		 Improvemeats Fittings
f
COST:
At I January 2022		 1~77 88,463 52,709 1425,549
Additions 4,726 4,726
Disposals
At 31 December 2022 1304,377 93,189 52,709 1,530475
LESSHOUSING ASSOCIATION GRANT
At I January 2022 and
31 December 2022 33447'7 334/77
DEPRECIATION:
At I January 2022 24,699 39,925 64,624
Charge foryear 6,494 1,565 8,059
Elimination
on disposal
At 31 December 2022 31,193 41,490 72,683
NET BOOKVALUEr
At 31 December 2022 1,050,000 61,996 I Iv219 1,123415
At 31 December 2021 1,05().000 63,765 12,783 1.126448

INVESTMKNTS
Cost Market Value
20+f ~022
f		 ~021
f
MR G Charity Multi Asset Fund lacorae
Units (NAACIF)
567 (56
& Income shares		 144 144 501 517
3,829 (3,829)units- M JtG Charifund 21,000 21,000 59,600
40,398(40,398)shares
in BLKCharities
UK Bond Fund A Income Fund 28,032 28,032 74,211
(Charinco)
49,176 49,176 115,734 134,328

2022
g
Other debtors 1,107 1,073
Prepayments and accrued income 2,046 1,441
3,153 2,514
CREDITORS:
Amounts falling due within one year. 2022 2~02
8 6
Trade creditors and accruals 2~8 2,354
Deferred income 4 1,016
Social security 530
2452 3.900
Amounts fall due greater than one year:
Loans 3,750 6,250
The Almshouse
Association
loan is interest-free
and repayable
over a
arrangement
fceof5% ofthe loan amount off25,000,		 The Almshouse
Association
loan is interest-free
and repayable
over a
arrangement
fceof5% ofthe loan amount off25,000,		 The Almshouse
Association
loan is interest-free
and repayable
over a
arrangement
fceof5% ofthe loan amount off25,000,		 10-year period. and includes
an
MAINTENANCE
RESERVE:
Day to Day
M~iu ggggM		 Cyclical
~ai t~te gang		 Extraordiasry
~Rirs
Provision at I"January 2022 2,796 47,600 76,539 126,935
Expenditure
in the year		 (16855) (11,157) (28,112)
(14,159) 36,443 76W9 98dt23
Charged to income It expenditure account 12,400 17,960 10,980 41440
Provision at31"December 2022 (1,759) 54,403 87419 140,163

~22 2~01f
Brought forward
Surplus/(deficit)		 at 1"January 2022
for year		 994502' 104,481
(4,931)
Transfer (tnt from restricted fund
Carried forward at31"December 0 2 ]02,057 99,550
13. INVESTMENT REVALUATION RESERVKt
2~0 2021f
Brought forward at 1"January 2022 85,155 83,452
Investment
revaluation
in year		 (18494) 1,703
Carried forward at 31"December 2022 85,155

2021
Brought forward at 1"January 2022 1,012,603 1,012,603
Revaluation ofSeehold property
Canied forward at 31"December 2022 1,012,603 1,012,603