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|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|
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|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|||
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|||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|
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|||||~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|
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||||||~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|
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|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|
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|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|
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|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|
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||||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|
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|||||~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|
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||||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|