2023-03-31-accounts

		Page
Legal and Administrative	details
Trustees' Report		4-5
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Statement ofcash flows
Notes to the Accounts		11-18
The following does not	form part ofthe financial statements
Detailed Profit and Loss	Account	19

ear ended 3	1March	2023
					Notes
						2023f	2022 E
Income from:
Charitable activities						49,124	48,189
Investments						675	653
Other						7,152	7,152
						56,951	55,994
Expenditure	on:
Charitable activities						(45,292)	(37,544)
Net (loss)/gain on movement			of			(4,085)	10,764
investments
Net income	and net	movement		in funds		7,574	29,214
for the year
Reconciliation offunds
Total funds	brought	forward			18	298,699	269,485
Total funds	carried	forward				306,273	298,699

Year ended 31March	2	023
				Notes		2023		2022
						f		f
Fixed assets
Tangible assets				9		330,652		337,092
Investments				10		121,481		125,566
						452,133		462,658
Current assets
Debtors					983		940
Cash and cash equivalents					35,717		24,287
					36,700		25,227
Creditors: Amounts	falling due within one			12	(10,909)		(10,383)
year
Net Current Assets						25,791		14,844
TOTAL ASSETS LESS	CURRENT LIABILITIES					477,924		477,502
CREDITORS: Amounts		falling due after		13		(171,651)		(178,803)
more than one year
Total Net Assets						306,273		298,699
CAPITAL AND RESERVES
Unrestricted funds
General reserves				18		101,946		95,991
Designated reserves				18		204,327		202,708
Total Charity Funds						306,273		298,699
The financial statements		were approved	and	authorised	for issue	by the Board	on .......'.....~...~52023 ~~ a
and signed on their behalf by:

ear ended 31March 202	3
					2023	2022
					f	f
Net cash generated from/(used				in)	10,755	17,424
operating activities (see	below)
Cash flows from investing		activities
Interest received					10
Dividend income					665	653
Purchase of investments						(25,000)
Net cash flows from investing			activities		675	(24,347)
Net increase/(decrease)	in	cash		and cash	11,430	(6,923)
equivalents
Cash and cash equivalents		at 1	April		24,287	31,210
Cash and cash equivalents		at 31March			35,717	24,287
					2022	2022
						f
Cash flows from operating		activities
Surplus/(Deficit) for the year					7,574	29,214
Adjustments to cash flows		from		non-cash	(7,152)	(7,152)
items
Depreciation oftangible	fixed assets				6,440	6,743
Financial instrument net	(gains)/losses				4,085	(10,764)
through profit and loss
Investment income					(675)	(653)
					10,272	17,388
Working capital adjustments:
(Increase)/decrease in debtors					(43)
Increase/(decrease) in creditors					526
Net cash generated from/(used				in)	10,755	17,424
operating activities

4.	Charitable	activities income	activities income	activities income	activities income
								2023	2022
								f	E
	Weekly maintenance				contributions			49,352	48,189
	Voids							(228)
								49,124	48,189
5.	Income from		Investments
								2023	2022
								f	f
	Interest	on	bank deposits					10
	COIF dividend/interest				income			665	653
								675	653
6.	Otherincome
								2023	2022
									f
	Social Housing grant released							7,152	7,152
7.	Analysis ofexpenditure				on direct charitable		activities
								2023	2022
									E
	Direct costs							31,301	25,818
	Administrative			costs				13,991	11,726
								45,292	37,544
	Included	within the above costs are the following
	governance		costs:
								2023	2022
								f	E
	Accountancy			and independent		examination		750	750
	Clerk							6,271	5,948
								7,021	6,698
	Trustees'	remuneration

8.	Net income for the year	Net income for the year
	Is stated after	charging:
					2023		2022
					f		f
	Depreciation	oftangible	fixed assets		6,440		6,743
	Independent	examiner's	remuneration	—current	750		750
	examiner
					7,190		7,493
9.	Tangible fixed	assets
				Land and	Fixtures	and	Total
				building	Fittings
				f	f
	Cost
	At 1April 2022 and 31March 2023			464,582		66,216	530,798
	Accumulated	depreciation
	At 1April 2022			131,119		62,587	193,706
	Depreciation	charge for	year	5,533		907	6,440
	At 31March	2023		136,652		63,494	200,146
	Net BookValues
	At 31March	2023		327,930		2,722	330,652
	At 31March	2022		333,463		3,629	337,092
10.	Investments
					Listed		Total
					investments
					f		f
	At 1April 2022				125,566		89,802
	Additions						25,000
	Revaluation				(4,085)		10,764
					121,481		125,566
11.Debtors
					2023		2022
					f		f
	Other debtors
	Prepayrnents				983		940
					983		940

12.Creditors:	Amounts	falling d	ue	within one year
					2023	2022
					f	f
Maintenance fees		received	in advance		2,707	2,181
Accruals					1,050	1,050
Deferred	income				7,152	7,152
					10,909	10,383
13.Creditors:	Amounts	falling due		after more than one year
					2023	2022
					f	f
Deferred	income				171,651	178,803
					171,651	178,803
14.Deferred income
Deferred income consists of a Social Housing Grant which					was used to purchase the
properties.	This grant is released			in line with the property	depreciation method.
					2023	2022
					f	E
Balance as at 1April 2021					185,955	193,107
Amount	released	in the year			(7,152)	(7,152)
Balance as at 31March 2022					178,803	185,955

8.Reserves
		Cyclical	Emergency	Capital	Unrestricted	Total
		maintenance	repair fund	reserve	general
		reserve			reserve
		f.	E	f	f	f
At 1April 2021		5,200	50,000	145,889	68,397	269,486
Surplus for year					29,214	29,213
Rounding					(1)
Depreciation				(5,533)	5,533
Release ofSHG deferred				7,152	(7,152)
income
Transfers between	funds
At 1April 2022		5,200	50,000	147,508	95,991	298,699
Surplus for year					7,574	7,574
Rounding
Depreciation				(S,S33)	5,533
Release of SHG deferred				7,152	(7,1S2)
income
At 31March 2023		5,200	50,000	149,127	101,946	306,273

d 31March 202	3
				2023	2022
				E	E
Income
Weekly maintenance		contributions		49,124	48,189
Interest received				10
Dividend income				665	653
Release of social	housing grant			7,152	7,152
				56,951	55,994
Expenditure
Property costs
Heating and lighting				153	116
Insurance				2,049	1,952
Repairs and renewals				22,966	17,666
Cleaning				600	551
Depreciation of buildings				5,533	5,533
				31,301	25,818
Administrative expenses
Clerk				6,271	5,948
Clerk's expenses				420	508
Television licence				27
Sundry expenses				109	58
Accountancy				750	750
Other professiona	Ifees			2,395
Gardener				1,440	1,690
Advertising
Almshouse Association			subscription	589	548
24 hour alarm				1,083	1,014
Depreciation ofsundry			equipment	907	1,210
				13,991	11,726
Total Expenditure				(45,292)	(37,544)
Movement in fair	value		of investments	(4,085)	10,764
Surplus/(Deficit)	for	the year		7,574	29,214