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|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|
##
##
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##
##
##
##
##
##
##
##
##
##
##
##
|||||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|
##