##
##
|Contents||Page|
|---|---|---|
|Officers and professional|advisors||
|Trustees Annual
Report||2 to 3|
|Independent
Examiners'|report to the trustees||
|Statement ofComprehensive
Income|||
|Statement of Financial
Position|||
|Statement ofCash Flows|||
|Notes to the financialstatements||8to 13|
|Income and Expenditure|Account|14|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Briants||
|---|---|
|Chartered|Accountants|
|Maritime House||
|Discovery|Quay|
|Falmouth||
|TR11 3XA||
##
|Turnover|||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|
|||||||96,785|98,352|
|Operating||costs||||70,160|71,861|
|Operating||surplus||||26,625|26,491|
|Interest receivable|||and|similar income|2|27,264|33,225|
|Interest payable||||||||
|Surplus|on ordinary|||activities||53 889|59115|
|The financial||statements||were approved|29/07/2022
by the trustees
on . ... ... .||.. and signed on|
|behalf by:||||||||
|||||||A&~~||
|P Hobson|—Chairman|||||ATredget - Trustee||
##
##
##
||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||
|Tangible
Fixed Assets||||||2,500,000|2,500,000|
|HAG Grant||||||~267,410|~267,410|
||||||6|2,232,590|2,232,590|
|Investments|||||7|636,912|561,137|
|||||||2,869,502|2,793,727|
|Current Assets||||||||
|Debtors|||||8|6,757|5,347|
|Cash at bank and|in|hand||||166,014|189,306|
|||||||172 771|194663|
|Current
Liabilities||||||||
|Creditors;
Amounts||falling|due within|1 year|9|(5,693)|(5,689)|
|Net Current Assets||||||167,078|188,964|
|Total Assets less|Current||Liabilities|||3,036,580|2 962,691|
|Capital
&Reserves||||||||
|Charitable
reserve|||||10|178,390|173,892|
|Revenue
reserve||||||929,479|880,088|
|Revaluation
reserve||||||1,928,711|1,928,711|
|||||||3,036,580|2,982,691|
##
##
##
|CASH FLOWS FROM OPERATING|CASH FLOWS FROM OPERATING|||Notes|2022|2021|
|---|---|---|---|---|---|---|
|ACTIVITIES:|||||||
|Net cash provided
by (used in) operative||||13|25,219|28,847|
|activities|||||||
|CASH FLOWS FROM INVESTING|||||||
|ACTIVITIES:|||||||
|Purchase oftangible fixed|assets||||||
|Investment
income|||||27,264|33,225|
|Purchase of investments|||||(75,775)|(30,923)|
|CASH FLOWS FROM FINANCING|||||||
|ACTIVITIES:|||||||
|Interest paid|||||||
|Change
in cash and cash|equivalents|in the|year||(23,292)|31,149|
|Cash and cash equivalents|at the beginning||of|14|189,306|158,157|
|the year|||||||
|Cash and cash equivalents|at the end|ofthe|year|14|~14|159306|
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|2.Interest Received||||||||
|Charitable
donations||||||||
|Interest received||||||662|1,426|
|Investment
income||||||26,602|31,799|
|||||||22,264|33225|
|3.Interest Payable||||||2022|2021|
|On loans repayable|in fewer||than 5 years|||||
|4.Employees||||||2022|2021|
|Wages &Salaries||||||21,715|21,948|
|Social security costs||||||||
|Warden's
council tax||||||1,517|1,411|
|||||||23,232|23,359|
|Average
number
of|people||employed|in||||
|year:||||||||
|Hostel staff||||||||
|Secretarial
support||||||||
|5.Trustees'
Emoluments||||||||
|Emoluments||||||NIL|NIL|
|Total expenses
reimbursed|||to the trustees||not|||
|chargeable
to United||Kingdom
income tax||||NIL|NIL|
##
||||Freehold|||
|---|---|---|---|---|---|
||||Housing|||
|6.Tangible
Fixed Assets|||Properties|Equipment|Total|
|Cost||||||
|At 6th February 2021|||2,500,000|5,185|2,505,185|
|Additions||||||
|At 5th February 2022|||2,500 000|5,185|2 505,185|
|Housing Association|Grant|||||
|At 6th February 2021|and 5th|February 2022|267,410|-|267410|
|Depreciation||||||
|At 6th February 2021||||5,185|5,185|
|Charge for year||||||
|At 5th February 2022||||5185|5 185|
|Net Book Value||||||
|At 5th February 2022|||2,232,590||2 232,590|
|At 5th February 2021|||2,232,590||2,232,590|
|Property cost is represented||by:|2022||2021|
|Valuation
in 2019|||2,196,121||2,196,121|
|HAG Grant|||(267,410)||(267,410)|
|Cost|||571,289||571,289|
|Total|||2,500,000||2,500,000|
##
|7.Investments|7.Investments|2022|2021|
|---|---|---|---|
|Cost at 6th|February 2021|561,137|530,214|
|Accumulated|dividends|25,775|30,923|
|Additions
in|year|50,000||
|Cost at 5th|February 2022|636912|561 137|
|8.Debtors||||2022|2021|
|---|---|---|---|---|---|
|Residential
contributions|||receivable|1,525|1,242|
|Other debtors||||722|809|
|Prepayments|and accrued income|||4,510|3,296|
|||||6,757|5,347|
|9.Creditors:|Amounts||falling due in under one year|2022|2021|
|Trade creditors||||1,881|1,442|
|Tax and social security||||300|353|
|Due back to residents||||||
|Accruals
and|deferred|income||3,512|3,894|
|||||5,693|5669|
##
##
##
|||Revaluation|Revenue|Charitable||
|---|---|---|---|---|---|
|10.Reserves||Reserve|Reserve|Reserve|Total|
|At 6th February 2021||1,928,711|880,088|173,892|2,982,691|
|Surplus for year|||53,889||53,889|
|Revaluation
of property||||||
|Transfer to charitable|reserve||(4,498)|4,498||
|At 5th February 2022||1,928,711|929,479|178,390|3,036,580|
|11.Accommodation
in Management|2022|2021|
|---|---|---|
|Number
of units of housing
accommodation|20|20|
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Net income/(expenditure)
for the||reporting||period as|||
|per the statement|ofcomprehensive||income||53,889|59,716|
|Adjustments
for:|||||||
|Depreciation
of tangible
fixed assets|||||||
|Interest
paid|||||||
|Investment
income|||||(27,264)|(33,225)|
|(Increase)/decrease|in debtors||||(1,410)|1,298|
|Increase/(decrease)|in creditors||||4|1,058|
|Net cash provided|by operating|activities|||25,219|28,847|
|14.Analysis
of Cash and Cash|||||||
|Equivalents|||||2022|2021|
|Cash at bank and|in hand||||166,014|189,306|
##
||FOR THE|YEAR ENDED 5 FEBRUARY 2022|YEAR ENDED 5 FEBRUARY 2022||
|---|---|---|---|---|
|||Notes|2022|2021|
|Income From Lettings|||||
|Residential
contributions|||67,444|67,685|
|Service charges|||29,408|30,105|
|Gross Income Receivable|||96 852|97,790|
|Other income received||15||562|
|Losses arising
from voids|||67||
|Net Income Receivable|||00785|98,352|
|Expenditure|||||
|Services|||||
|Counciltax|||||
|Heat & light|||21,827|16,332|
|Water charges|||4,386|4,611|
|Telephone|||528|774|
||||26 741|21 717|
|Management|||||
|Insurance|||2,165|2,010|
|Subscriptions|||558|554|
|Stationery
8 general expenses|||698|268|
|Accounting
fees|||1,020|1,020|
|Employee costs|||23,232|23,359|
|Lifeline system|||1,253|1,811|
|Professional
fees|||2,472|2,472|
|Depreciation|||||
||||31,398|31 494|
|Routine Maintenance|||12,021|18,298|
|Charitable
Expenditure||||352|
|Total Operating
Expenditure|||70 160|71861|
|Operating
Surplus|||26 625|26 491|
|Other Operating
Income|||||
|Charitable
donations|||||
|Interest received|||662|1,426|
|Investment
income|||26,602|31,799|
|Interest payable|||||
|Surplus
on Ordinary|Activities||53,889|59,716|