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|||Page|
|---|---|---|
|Trustees'<br>Report|||
|Independent<br>Examiner's|Report||
|Statement of FinancialActivities|||
|Balance Sheet|||
|Notes tothe Financial Statements||7 —12|
|This page does notform|part ofthe statutory accounts|13|
|Summary<br>of Expenditure||14|





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|OR THE YEAR ENDED 3|1DECEMBE|R 2022|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricte|Total|Total|
||||Funds|d Funds|Funds|Funds|
|INCOMING<br>RESOURCES||NOTES|2022|2021|2022|2021|
||||f|f|f|f|
|Maintenance<br>contributions|||31,138||31,138|32,477|
|Investment<br>income|||351||351|331|
|Interest receivable|||(6)||(6)|22|
|Other income|||1,500||1,500|1,500|
||||32,983||32,983|34,330|
|RESOURCES EXPENDED|||||||
|Charitable<br>activities|||52,334||52,334|33,981|
||||52,334||52,334|33,981|
|Net (outgoing)/income|resources||(19,351)||(19,351)|349|
|Other recognised gains/losses|||||||
|Gain/(loss)<br>on revaluation<br>investments|of||(97)||(97)|3,534|
|Revaluation<br>ofproperties|||(380,000)||(380,000)|2,952,058|
|Net movement<br>in funds|||(399,448)||(399,448)|2,955,941|
|Reconciliation<br>offunds|||||||
|Total funds brought|forward||3,040,150||3,040,150|84,209|
|Total funds carried forward|||2,640,702||2,640,702|3,040,150|





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|BALANCE SHEET AS AT|31D|ECEMBER 202|2|2||||
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Total|Total|
||||Funds||Funds|Funds|Funds|
|TANGIBLE FIXEDASSETS|||2022||2021|2022|2021|
|||NOTES||f|f|f|f|
|Housing Properties||8|2,743,457|||2,743,457|3,123,457|
|(Housing Association|||(163,457)|||(163,457)|(163,457)|
|Grant)||||||||
||||2,580,000|||2,580,000|2,960,000|
|Other Tangible<br>Fixed||||||||
|Assets||||||||
|INVESTMENTS||||32,913||32,913|33,010|
|||||32,913||32,913|33,010|
|CURRENT ASSETS||||||||
|Debtors||10||1,118||1,118|950|
|Building Society Deposit||||||||
|Cash at Bank||||28,360||28,360|48,970|
|Cash in hand||||46||46|65|
|||||29,524||29,524|49,985|
|CREDITORS: Amounts||||||||
|Falling||||||||
|due within one year||12||(1,735)||(1,735)|(2,845)|
|Net Current Assets||||27,789||27,789|47,140|
|TOTAL ASSETS LESS|||2,640,702|||2,640,702|3,040,150|
|CURRENT LIABILITIES||||||||
|NET ASSETS|||2,640,702|||2,640,702|3,040,150|
|Represented<br>by:||||||||
|Total funds||13|2,640,702|||2,640,702|3,040,150|
||||2,640,702|||2,640,702|3,040,150|
|The Trustees approved|the|financial statements||on:||||
|Rev. M Strange||||||||
|||Trustees||||||
|MrjBrain||||||||
|The Notes on pages 7to 12||form part ofthese||accounts||||





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||||2022|||2021||
|---|---|---|---|---|---|---|---|
|||||Charitable|||Charitable|
|||Turnover||Activities|Turnover||Activities|
|||f||f|f||f|
|Maintenance<br>contributions||||||||
|Housing Accommodation||31,138||(52,334)|32,477||33,981|
|Extraordinary<br>Repairs||||||||
|Other Income and Expenditure||||||||
|Other Income||1,500|||1,500|||
|Interest Receivable||(6)|||22|||
|||32,632||(52,334)|33,999||33,981|
|(Deficit)/surplus<br>before taxation||(19,702)||||||
|Investment<br>income||351|||331|||
|Total surplus/(deficit)<br>before taxation||||||||
|Forthe period ofaccount||(19,351)|||349|||
|INCOME FROM LETTINGS||2022|||2021|||
|||f|||f|||
|Maintenance<br>contributions||31,138|||32,477|||
|Grant from Local Authority||||||||
|||31,138|||32,477|||
|OPERATING COSTS FROM|LETI1NGS|2022|||2021|||
|||f|||f|||
|Housing Accommodation|(10units)|||||||
|Services||824|||639|||
|Management||13,778|||12,012|||
|Routine Maintenance||37,732|||21,330|||
|Depreciation||||||||
|||52,334|||33,981|||





|4|TRUSTEES' REMUNERATION|TRUSTEES' REMUNERATION|TRUSTEES' REMUNERATION|AND|BENEFITS|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||f|f|
||Remuneration|and benefits||||||Nil|Nil|
||The total expenses reimbursed<br>to||||the Trustees|and||||
||not chargeable|to United|Kingdom||Tax|||Nil|Nil|
|||||||||2022|2021|
|||||||||No.|No.|
||The number of|Trustees|who|received no remuneration|||and|||
||benefits<br>in the|disclosed|financial||years were:|||||
|5|INTEREST RECEIVABLE|||||||||
|||||||||2022|2021|
|||||||||f|f|
||Interest Receivable from||Bank and Building Society|||||||
||Investment<br>Accounts|||||||(6)|22|
|6|NET INCOME/OUTGOING||RESOURCES BEFORE|||TAXATION||||
||Net income/outgoing<br>resources before taxation|||||is stated after||charging:||
|||||||||2022|2021|
|||||||||f|f|
||Depreciation:|||||||||
||Housing Properties|||||||||
|7|TAXATION|||||||||
|||||||||2022|2021|
|||||||||f|f|



||Depreciation:|||
|---|---|---|---|
||Housing Properties|||
|7|TAXATION|||
||United<br>Kingdom|Corporation|Tax at 19/0 (2020:19/0)|





|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|
|||Freehold|Fixtures||
|||Housing|And||
|||Properties|Fittings|TOTAL|
|||f|f|f|
|Cost or Valuation|||||
|At 31December 2021||2,979,811|2,151|2,981,962|
|Revaluation||(380,000)||(380,000)|
|At 31December 2022||2,599,811|2,151|2,601,962|
|Depreciation|||||
|At 31December 2021||19,811|2,151|21,962|
|Charge for the Year|||||
|At 31December 2022||19,811|2,151|21,962|
|Net BookValue|||||
|At 31December 2022||2,580,000||2,580,000|
|At 31December 2021||2,960,000||2,960,000|
|Freehold<br>Housing Properties||2022<br>f||2021<br>f|
|Cost ofProperties||191,210||191,210|
|Less: Housing Association|Grant||||
|from the Housing<br>Corporation||(163,457)||(163,457)|
|||27,753||27,753|



|Cost|or|valuation<br>at31"Decemb|er 2022 is represente|d<br>by:|||
|---|---|---|---|---|---|---|
|||||Freehold|Fixtures||
|||||Housing|And||
||||.|Properties|Fittings|TOTAL|
|||||f|f|f|
|Valuation|in|2021||2,952,058|2,151|2,954,209|
|Valuation|in|2022||(380,000)||(380,000)|
|Cost||||27,753||27,753|
|||||2,599,811|2,151|2,601,962|





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||||||Market value at 31December|Market value at 31December|
|---|---|---|---|---|---|---|
||||Cost or base|value|||
||||At 24 December 1979||2022|2021|
||||f||f|f|
||228 Accumulation<br>Shares|||334|24,061|23,873|
||10,0241ncome Shares|||2,787|8,852|9,137|
|||||3 121|32,913|33,010|
|10|DEBTORS||||||
||||||2022|2021|
||||||f|f|
||Prepayments|and Accrued Income|||1,118|950|
||||||1,118|950|
||All debtors are due within one year.||||||
|11|CASH AT BANK||||||
||||||2022|2021|
||||||f|f|
||Bank Current Account||||9,345|48,970|
||Savings Account||||19,015||
||||||28,360|48,970|
|12|CREDITORS: Amounts||Falling Due||||
||Within One|Year|||||
||||||2022|2021|
||||||f|f|
||Accruals 5Deferred Income||||1,735|2,845|
||||||1,735|2,845|





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|13|TOTAL FUNDS||||
|---|---|---|---|---|
|||General|Extraordinary||
|||Income S.|Repair||
|||Expenditure<br>f|Reserve<br>f|Total<br>f|
||As at 31December 2021|3,040,503|(353)|3,040,150|
||Surplus / (deficit) for the Year|(19,448)||(19,448)|
||Revaluation<br>reserve|(380,000)||(380,000)|
||As at 31December 2022|2,641,055|(353)|2,640,702|
|14|EMPLOYEES (full time equivalents)||||
||||2022|2021|
||||No.|No.|
||Average weekly number ofemployees||nil|nil|