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2022-12-31-accounts

Schedule ofExeter Homes Trust's 143Almshouses,
by location, number
snd		 approximate
Culverland
Road, Exeter EX46JJ (Contemporary)		 24
Livery Dole Flats, Magdalen
Road, Exeter EX2 5DT (1980s)
Livery Dole Cottages, Magdalen
Road, Exeter EX2 5DT(19"C.)		 15
11
Grendon
Road, Exeter EX12NJ (19e C.)
Magdalen
Cottages, Magdalen
Road, Exeter EX24SX(1'C.)
North Park Almshouses,
Magdalen
Road, Exeter EX24SU (20e C.)		 24
13
12
Fair Park Almshouses,
Fsirpark Road, Exeter EX2 4HL (20s C.)		 12
Hurst Trumps Almshouses,
Fairpark Road, Exeter EX2 4HL (20s C.)
Atwill Palmer, New North Road, Exeter EX44JT(19"C.)		 8
24

2022 2021
Turnover Notes
795,639 804,749
Income from investments 377 380
Operating
costs		 5/6 (689,996) (574,623)
Impairment
loss		 12
Other income 22,976 22,976
Operating
Surplus/(Deficit)		 128,996 253,482
Loss on disposal offixed assets 12 100
Dividends
and interest receivable		 36,646 26,679
Interest payable (23,921) (18,216)
Net gains/(losses) on investments 13 (108,846) 109,877
Comprehensive income /(expenditure) for year 32,975 371,822
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2021
Notes
NET CASH FLOW FROM OPERATING ACllVITIES 279,831 373,057
CASH FLOW FROM INVESTING ACTIVITIES
Purchase oftangible fixed assets (28,389) (84,530)
Proceeds from the sale oftangible fixed assets 100
Purchase ofinvestments (192,420) (345,932)
Proceeds from the sale ofinvestments 196,858 369,909
Interest received 2,471 136
Dividends
received		 34,175 26,543
NET CASH FLOW FROM INVESTING ACTIVmES 12,795 (33,874)
CASH FLOW FROM FINANCING
ACTIVmES
Interest paid (23,921) (18,216)
Repayment
of borrowing		 (19,406) (228)
NET CASH FLOW FROM FINANCING ACTIVITIES (43,327) (18,444)
CHANGE
IN CASH AND CASH EQUIVALENTS		 IN THE
REPORTING PERIOD 249,299 320,739
CASH AND CASH EQUIVALENTS AT THE BEGINNING
OFTHE REPORTING PERIOD 780,969 460,230
TOTAL CASH AND CASH EQUIVALENTS ATTHE YEAR
END 2 1,030,268 780,969

RECONCIUATION
O
ACTIVITIES		 F CO MPREHENSIVE
INCOME TO NE		 T CASH FLOW FROM OPERATING
2022 2021f
CASH FLOWS FROM OPERATING ACTIVITIES
Surplus/(deficit)
for		 the year 32,975 371,822
Ad/ustments
for:
Depreciation
oftangible		 fixed assets 211,286 210,865
(Increase)/decrease in debtors (8,290) 7,834
Increase/(decrease) in creditors (26,060) (95,364)
(Profit)/Loss
on sale		 oftangible fixed assets (100)
Government
grants		 utilissd
in the year		 (22,976) (2,898)
Release ofonerous loan (3,127) (869)
Interest payable 23,922 18,216
Interest receivable (2,471) (136)
Dividends (34,175) (26,543)
Loss/(gain)
on investment		 108,847 (109,870)
NET CASH FLOW FROM OPERATING ACIlVITIES 279,831 373,057
ANALYSIS OF CASH AND CASH EQUIVALENTS
2022 2021
Cash held at bank 968,623 734,146
Cash held in investment portfolio 61,645 46,823
1,030,268 780,969

Buildings 100years
Kitchens 20years
Boiler/heating 15years
Bathrooms 20years
Windows/doors 20years
Electrics 30years

2. TURNOVER
2022f 2021f
Almshouse Accommodation income
Maintenance contributions 845,116 810,772
Less: Rent losses from voids (49,477) (6,023)
795,639 804,749
Income from investments 377 380
3. OPERATING SURPLUS/(DEFICIT)
2022f 2021f
Operating
surplus/(deficit)		 is stated after charging:
Auditors'
remuneration:
In		 their capacity ss auditors 5,600 5,600
For financial advice &accountancy 5,700 7,120
Trustees'
indemnity
insurance		 329 329
4. DIVIDENDS AND INTEREST RECEIVABLE
2022 2021f
Listed investments 34,175 26,543
Interest 2,471 136
36,646 26,679

INTEREST PAYABLE
2022f 2021f
On bank loans, overdrsfts and other loans:
Repayable wholly or partly in more than 5years 27,048 19,085
Adjustment for onerous
loan discounting		 (note 17) (3,127) (869)
23,921 18,216

ths year wa s:
2022 2021
Basic salary 53,798 51,729
Employer's NIC 6,504 5,920
Pension contributions 1,321 1,319
61,623 58,968

2022 2021
No No
Gardener 1 1
Manager and assistants 5 5
2022f 2021
STAFFCOSTS (FOR THE ABOVE PERSONS)
Wages and salaries 144,137 134,423
Social security costs 9,345 6,882
Employers
pension		 contributions 3,259 2,515
156,741 143,820

2.
TANGIBLE ASSETS
Housing under
Housingf Construction
8		 Equipmentf Total
Cost
At 1 January 2022 11,057,670 306,255 19,176 11,383,101
Additions 25,922 2,466 28,388
Interest capitalised
Transfers
Disposals (780) (780)
At 31 December 2022 11,057,670 332,177 20,862 11,410,709
Depreciation
and
Impairment
At 1 January 2022 1,905,995 16,634 1,922,629
Charge for year 209,583 1,701 211,284
Elimination
on disposal		 (780) (780)
At 31 December 2022 2,115,578 17,555 2.133 133
Net BookValue
At 31 December 2022 8,942,092 332,177 3,307 9,277,576
At 31 December 2021 9,151,675 306,255 2,542 9,460,472

INVESTMENTS INVESTMENTS INVESTMENTS
2022 2021f
Listed investments (note 13a) 996,263 1,109,580
996,263 1,109,580
2022f 2021
8/forward 1,109,580 1,023,688
Additions at cost 192,420 345,931
Dispose(a at value (196,859) (369,909)
Revaluation (deficit)/surplus (108,848) 109,870
996,293 1,109,580

Almshouse Branch Exeter Relief in Need Exeter Advancement
in life		 Exeter Advancement
in life
2022
E		 2021
E		 2022
f		 2021
f		 2022
f		 2021
f
8/forward 400,753 364,547 437,947 407,249 270,880 251,892
Additions at cost 56,567 25,885 83,938 197,740 51,915 122,306
Dispose)a stvalue (58,034) (27,190) (85,772) (211,749) (53,053) (130,970)
Rsvalusdon
surplus/(deficit) (35,240) 37,511 (45,480) 44,707 (28,128) 27,652
Carried forward 364,046 400,753 390,633 437,947 241,614 270,880

FOR THE YEAR ENDED 31DECEMBER 202 2
14. DEBTORS
2022
6		 2021f
Maintenance
contributions		 in arrears 13,931 12,514
Other debtors and prepaymsnts 18,020 11,147
31,951 23,661
15. CASH AT BANK AND IN HAND
2022f 2021
E
Lloyds Bank- Trustees' account 968,623 734,146
Brewin Dolphin
dealing account		 61,645 46,823
1,030,268 780,969
16. CREDITORS: Amounts falling due within one year
2022
6		 2021f
Trade creditors 8,839 25,799
Other taxes and social security costs 3,396 3,231
Accruals 27,210 37,758
Social house grant —current (note 18) 22,976 22,976
Maintenance
contributions		 in advance 2,923 1,640
Bankloan 15,404 21,685
80,748 113,089
17. CREDITORS: Amounts falling due after more thsn one year
2022 2021
Social Housing
Grant (note		 18) 1,121,518 1,144,494
Mortgage 54,918 58,309
Bank loan (note 19) 665,454 678,315
1,841,890 1,881,118

2022 2021f
Capital grants b/forward 1,167,470 1,190,446
Capital grants received in the year
Released to income in ths year (22,976) (22,976)
HCA Grant c/forward 1,144,494 1,167,470
2022 2021
6
Amount to be released within one year 22,976 22,976
Amount to be released in more then one year 1,121,518 1,144,494
1,144,494 1,167,470

Based on earliest repayment Based on earliest repayment date, the bank loan is repayable as follows:
2022f 2021
E
Amount due within ons year 15,404 21,685
Amount due within two to five year 61,616 86,740
Amount due in more than five years 603,838 591,575
680,858 700,000

UMMARY STATEMENT OF UMMARY STATEMENT OF MOVEMENTS ON FUNDS
2022 MOVEMENTS Exeter
Almshouse Exeter Relief Advancement
Branchf in Need in Life Totalf
Restricted Funds - Endowment
At 1 January 2022 6,423,063 493,869 315,702 7,232,634
Income 22,976 22,976
Expenditure (233,505) (233,505)
Gains/(losses) (35,240) (28,129) (46,477) (108,846)
Transfers
At 31 December 2022 6,177,294 465,740 270,225 6,913,259
Unrestricted Funds
At 1 January 2022 2,140,218 4,479 3,144 2,147,841
Income 808,768 14,763 9,131 832,662
Expenditure (462,446) (11,068) (6,798) (480,312)
Gains/(losses)
Transfers
At 31 December 2022 2,486,540 8,174 5,477 2,500,191
TOTALFUNDS 8,663,834 473,914 275,702 9,413,450

UMMARY STATEMENT OF UMMARY STATEMENT OF MOVEMENTS ON FU NDS (co ntinued)
2021 MOVEMENTS Exeter
Almshouse Exeter Relief Advancement
Branch In Need in Life Total
6
Restricted Funds - Endowment
At 1January 2021 6,590,369 449,162 288,050 7,327,591
Income 22,976 22,976
Expenditure (227,800) (227,800)
Gains/(losses) 37,518 44,707 27,652 109,877
Transfers
At 31December 2021 6,423,063 493,869 315,702 7,232,634
Unrestricted Funds
At 1 January 2021 1,676,883 2,373 1,816 1,681,072
Income 815,146 10,295 6,367 831,808
Expenditure (351,811) (8,189) (5,039) (365,039)
Gains/(losses)
Transfers
At 31 December 2021 2,140,218 4,479 3,144 2,147,841
TOTAL FUNDS 8,563,281 498,348 318,846 9,380,475

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he total ofthe Almsho use
Branch current asse		 ts ss shown
in note 22 is made up		 ssfollows:
2022f 2021
Extraordinary Repair Fund 100,000 100,000
Cyclical Repair Fund 50,000 50,000
General Fund 791,527 543,886
941,527 693,886