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|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|
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|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|
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|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:|||||||||
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|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|||||||
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|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||||||||
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|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|
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|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|
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|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|
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|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|