## ## ## |||||Page| |---|---|---|---|---| |Significant|information|||1-2| |Trustees'|report|||3-5| |Independent||Examiner's
report||| |Statement|of|Comprehensive|Income|| |Statement|of|Changes
in Reserves||| |Statement|of|Financial
Position||| |Statement|of|Cash Flows||10| |Notes to the||Financial Statements||11 - 18| |The following
page does not form part ofthe Statutory accounts||||| |Apportionment||ofexpenses||19| ## ## ## |Trustees||||||| |---|---|---|---|---|---|---| |Chairman
Chairman|- Executive Committee|||His Grace the Duke of
Mrs A E Oliver' '|Somerset|FRICS| |Chairman|-Finance||and Building Committees|Mr M Gibson""||| |Chairman|-Pastoral||Committee|Mrs A E Oliver'"||| |Other trustees||||Mr C Cooke'"||| |||||Mr R Nocton"||| |||||Dr ROwendones"||| |||||Mrs J Cowley'||| |||||Mr N Loweth'|(resigned|19April 2022)| |||||Mrs
I-I Geary'||| |||||Mrs SCranstone|(appointed|1 September 2022)| |' Executive Committee
' Finance Committee
' Pastoral Committee
' Building Committee|||Members
Members
Members
Members|||| |Officers||||||| |Steward||||Mrs LCaterer||| |Warden||||Mrs E Holborow||| |Address||||Duchess ofSomerset's|Hospital|| |||||Froxfield||| |||||Wiltshire||| |||||SN8 3LA||| |Charity Number||||202650||| |Homes England||Number||A3036||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Notes|Notes|2022||2021|| |---|---|---|---|---|---|---|---|---|---| |TURNOVER|||||||||| |Income|||||||||| |Maintenance
contributions|from||residents||||263,424||255,192| |Less: Losses from voids|||||||(3,620)||(12,325)| ||||||||259,804||242,867| |OPERATING INCOME|||||||29,452||41,881| |OPERATING EXPENDITURE|||||||||| |Services||||||161,679||135,106|| |Management||||||46,376||41,205|| |Repairs and servicing||||||46,747||39,336|| |Extraordinary
maintenance||||||40,324||54,506|| |Depreciation||||||37,661||32,825|| |Deficit / (surplus)
on disposal||of|tangible assets||||||| ||||||||(332,787)||(302,978)| |OPERATING SURPLUS / (DEFICIT)|||||||(43,531)||(18,230)| |Surplus
/ (deficit) on investment|||disposals||||(966)||6,184| |Release ofdeferred
capital|grant||re property||||3,960||3,960| |Release ofdeferred
capital|grant||re plant||||2,880||2,880| |Surplus
/ (Deficit) on ordinary||activities before||interest and taxation|||(37,657)||(5,206)| |Interest receivable
and other||income|||5||32,341||31,789| |Investment
expenses|||||||(2,379)||(2,487)| |SURPLUS / (DEFICIT) FOR|THE||YEAR||6||(7,695)||24,096| |Unrealised
surplus/(deficit)
on||investments|||||(55,302)||77,153| |TOTAL COMPREHENSIVE|INCOME
/ (DEFICIT)||||FOR|THE YEAR|(62,997)||101,249| ## ## ||||Investments|Investments||| |---|---|---|---|---|---|---| ||||revaluation|realised|Unrestricted|| ||||reserve|reserve|general fund|2022| |||||6|6|6| |Brought forward as at 1 January 2022|||227,609|383,717|723,608|1,334,934| |Surplus for the year|||||(7,695)|(7,695)| |Transfer from Investments|revaluation|reserve|(4,652)|4,652||| |Transfer to Investment
realised reserve||||(966)|966|| |Unrealised
loss in the year|||(55,302)|||(55,302)| |Carried forward as at 31 December 2022|||167,655|387,403|716,879|1,271,937| ||||||Note 14|| ||||investments|Investments||| ||||revaluation|realised|Unrestricted|| ||||reserve|reserve|general fund|2021| |Brought forward as at 1 January 2021 as previously|||155,768|372,222|536,062|1,064,052| |stated||||||| |Prior year adjustments
(note 15)|||||169,633|169,633| |Brought forward as at 1 January 2021 as restated|||155,768|372,222|705,695|1,233,685| |Surplus for the year|||||24,096|24,096| |Transfer from Investments|revaluation|reserve|(5,312)|5,312||| |Transfer to Investment
realised reserve||||6,183|(6,183)|| |Unrealised
loss in the year|||77,153|||77,153| |Carried forward as at 31 December 2021|||227,609|383,717|723,608|1,334,934| ## ## ||||Notes|2022||2021|| |---|---|---|---|---|---|---|---| |FIXEDASSETS|||||||| |Housing
properties|||||620,988||628,988| |Other fixed assets|||||||| |Cost|||8|431,874||372,171|| |Less: Accumulated|depreciation||8|(286,760)||(257,099)|| ||||||145,114||115,072| |Investments|||||701,317||759,690| ||||||1,467,419||1,503,750| |CURRENT ASSETS|||||||| |Trade and other debtors|||10|30,086||57,057|| |Cash at bank and
in|hand||11|60,198||53,557|| |||||90,284||110,614|| |Less:|||||||| |Creditors: Amounts|falling due within one||||||| |year|||12|(41,600)||(28,423)|| |NET CURRENT ASSETS|||||48,684||82,191| |TOTAL ASSETS LESS||CURRENT LIABILITIES|||1,516,103||1,585,941| |CREDITORS: Amounts||falling due after more|than||||| |one year|||13||(244,166)||(251,007)| |NET ASSETS|||||1,271,937||1,334,934| |CAPITAL AND RESERVES|||||||| |Income and expenditure||account|14||716,879||723,608| |Investments
realised|reserve||Page 8||387,403||383,717| |Investments
revaluation||reserve|Page 8||167,655||227,609| ||||||1,271,937||1,334,934| ## ## ## ||||2022|2021| |---|---|---|---|---| |Net cash generated
from operating
activities (See Note 1)|||41,199|(18,122)| |Cash flow from investing
activities||||| |Purchase oftangible fixed assets|||(59,703)|(169,781)| |Proceeds from sale offixed assets||||| |Purchase of investments|||(27,236)|(18,179)| |Proceeds from sale ofinvestments|||53,444|51,380| |Investment
income received|||23,040|23,094| |Net change
in cash and cash etluivalents|||30,744|(131,608)| |Cash and cash equivalents
at beginning||ofthe year|55,512|187,120| |Cash and cash equivalents
at end ofthe||year|86,256|55,512| |Note 1||||| |Cash flow from operating
activities||||| |Total comprehensive
(deficit) / income for the year|||(62,997)|101,249| |Adjustment
for noncash
items:||||| |Unrealised
(surplus)/deficit
on investment|||55,302|(77,153)| |Depreciation
oftangible
fixed assets|||37,661|32,825| |(Profit)/loss
on disposal oftangible||assets||| |Amortisation
ofgovernment
grants|||(6,840)|(6,840)| |Decrease/(Increase)
in trade and|other debtors||26,971|(44,944)| |Increase/(decrease)
in trade creditors and other creditors|||13,176|6,019| |Adjustments
for investing
or financing|activities:|||| |(Profit)/loss
on disposal of investments|||966|(6,184)| |Investment
income receivable|||(23,040)|(23,094)| ||||41,199|(18,122)| |Note 2||||| |Cash and cash equivalents||||| |Cash included
in investments|||26,058|1,955| |Cash at bank and
in hand|||60,198|53,557| ||||86,256|55,512| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |EMPLO|YEE INFORMATION||| |---|---|---|---| |||2022|2021| |The average weekly number ofpersons||No.|No.| |employed|during the year was-||| |Warden|||| |Steward|and other staff||| |Wages and salaries||50,911|44,687| |Social security costs||4,996|3,863| |Pension|costs|1,527|1,341| |||57,434|49,891| ## ## ## ## |5.|INTEREST RECEIVABLE|AND OTHE|R INC|OME|||| |---|---|---|---|---|---|---|---| ||||||2022||2021| ||Bank deposit interest|||||133|| ||Investment
income||||22,907||23,094| ||||||23,040||23,094| ||Rent from land|||||755|910| ||Other income||||8,546||7,785| ||||||32,341||31,789| ||Investments
are managed|on a total return basis.|||||| |6.|DEFICIT ON ORDINARY|ACTIVITIES|BEFORE TAXATION||||| ||||||2022||2021| ||Deficit on Ordinary
activities before taxation||||||| ||is stated after charging-||||||| ||Depreciation - Tangible fixed assets||||37,661||32,825| ||Independent
examiners fees (including||VAT)||||| ||In their capacity as independent|||examiners|1,845||1,800| ||In respect ofother services||||7,433||7,250| |7.|HOUSING PROPERTIES|- Freehold|||||| ||||||||Housing| ||||||||Properties| ||||||||6| ||COST||||||| ||At 1 January 2022 as restated||||||800,019| ||Additions||||||| ||At 31 December 2022||||||800,019| ||DEPRECIATION||||||| ||At 1 January 2022 as restated||||||171,031| ||Charge for the year||||||8,000| ||At 31 December 2022||||||179,031| ||NET BOOK VALUE||||||| ||At 31 December 2022||||||620,988| ||At 31 December 2021 as restated||||||628,988| ## ## ## ## ## ## ## |OTHER FIXEDASSETS||||| |---|---|---|---|---| |||Plant and|Fixtures and|| |||machinery|fittings|Total| |||8|6|6| |COST||||| |At 1 January 2022 as restated||309,256|62,915|372,171| |Additions||18,671|41,032|59,703| |Disposals||||| |At 31 December 2022||327,927|103,947|431,874| |DEPRECIATION||||| |At 1 January 2022 as restated||219,304|37,795|257,099| |Charge for the year||21,634|8,027|29,661| |Disposals||||| |At 31 December 2022||240,938|45,822|286,760| |NET BOOK VALUE||||| |At 31 December 2022||86,989|58,125|145,114| |At 31 December 2021||89,952|25,120|115,072| |FIXEDASSET INVESTMENTS||||| ||2022|2021|2022|2021| ||E|E|f|E| ||Market|value|Cost|| |Share porffolio at 31 December|675,259|757,735|507,604|530,126| |Cash held|26,058|1,955|26,058|1,955| ||701,317|759,690|533,662|532,081| ## ## ## |10.|DEBTORS|||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||Arrears of maintenance
contributions||||2,164|1,958| ||Prepayments|and accrued|income||24,393|51,353| ||Other debtors||||3,529|3,746| ||||||30,086|57,057| |11.|CASH AT BANK AND IN||HAND 8|CASH EQUIVALENT||| ||||||2022|2021| ||General funds||||13,556|13,584| ||Extraordinary|repair fund|||39,893|33,224| ||Convalescent|and benefit|fund||6,749|6,749| ||||||60,198|53,557| |12.|CREDITORS:|Amounts|falling due within one year|||| ||||||2022|2021| ||Maintenance
contributions||received|in advance|14|661| ||Accruals||||31,348|19,096| ||Other creditors||||3,398|1,827| ||Deferred capital grants re||property||3,960|3,959| ||Deferred capital grants re||plant||2,880|2,880| ||||||41,600|28,423| |13.|CREDITORS:|Amounts|falling due after more than one year|||| ||||||2022|2021| ||Deferred capital grants re||property||238,394|242,355| ||Deferred capital grants re||plant||5,772|8,652| ||||||244,166|251,007| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2022|||2021|| |---|---|---|---|---|---|---|---| |||||Manage-|||Manage-| |||Total|Services|ment|Total|Services|ment| |||6|8|8|6|f|6| |SALARIES AND STAFF|EXPENSES||||||| |Warden (75%:25%)||30,689|23,017|7,672|27,560|20,670|6,890| |Steward &secretarial||26,745|-|26,745|22,331||22,331| |Chaplain||3,744|3,744|-|3,184|3,184|| |Warden
call cover||7,363|7,363||7,851|7,851|| |ESTABLISHMENT EXPENSES|||||||| |Central heating
fuel||66,117|66,117||41,740|41,740|| |Property insurance||10,313|10,313||10,191|10,191|| |General and water rates||2,167|2,167||2,731|2,731|| |Electricity charges||14,682|14,682||14,382|14,382|| |Garden expenses||17,098|17,098||20,423|20,423|| |Website and computer costs||1,432|1,432||351|351|| |GENERAL EXPENSES|||||||| |Convalescent
contributions|etc.|3,784|3,784||1,597|1,597|| |Telephone
charges less receipts||3,312|1,656|1,656|3,575|1,788|1,787| |Accountancy||9,278|4,639|4,639|9,050|4,525|4,525| |Administration
and stationery||299|150|149|614|307|307| |General expenses
Professional fees||6,199
4,233|3,100
2,117|3,099
2,116|3,333
6,798|1,667
3,399|1,666
3,399| |Trustee expenses||600|300|300|600|300|300| |TOTAL EXPENSES||208,055|161,679|46,376|176,311|135,106|41,205|