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2023-02-05-accounts

Contents Page
Officer and professional advisors
Trustees
Annual
Report		 2to 3
Independent
Examiners'		 report to the trustees
Statement
ofComprehensive
Income
Statement ofFinancial
Position
Statement ofCash Flows
Notes to the financial statements Sto13
Income and Expenditure Account 14

Notes 2023 2022
Turnover 09,383 96,785
Operating costs 111,825 70,160
Operating surplus/(deficit) 12442 26 625
Interest receivable and similar income 2 36,037 27,264
Interest payable
Surplus on ordinary activities 23 595 53 889

Notes 2023 2022
Fixed Assets
Tangible
Fixed Assets
HAG Grant		 2,501,199
~207 410		 2,500,000
~267,440
6 2,233,789 2,232,590
Investments 7 671,207 636,912
2 904 906 2,869,502
Current Assets
Debtors 8 5,441 6757
Cash at bank and In hand 162,437 166,014
167878 172771
Current
Liabilities
Creditors: Amounts falling due within 1 year 9 (12,699) (5,693)
Net Current Assets 155 179 167070
Total Assets less Current Liabilities 3 D60 175 3 036,5011
Capital &Reserves
Charitable
reserve		 10 184,354 178,390
Revenue
reserve		 947,110 929,479
Revaluation
reserve		 1,928,711 1928,711
3,060,175 3036 58D

CASH FLOWS FROM OPERATING CASH FLOWS FROM OPERATING Notes 2023 2022
ACTIVITIES:
Net cash provided
by (used In) operative		 13 (3,370) 25,219
activities
CASH FLOWS FROM INVESTING
ACTIVITIES:
Purchase oftangible
fixed
Investment
Income
Purchase of investments		 assets (1,499)
35,587
(34,295)		 27,264
(75775)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Interest paid
Change
In cash and cash		 equivalents in the year (3,577) (23,292)
Cash and cash equivalents atthe beginning of 14 166,014 189,306
the year
Cash and cash equivalents at the end ofthe year 14 ~66

2023 2022
2.Interest Received
Charitable
donations		 450
Interest received 416 662
Investment
Income		 35,171 26,602
36 637 27 264
3.Interest Payable 2023 2022
On loans repayable in fewer than 5 years
4.Employees 023 2022
Wages & Salaries 24,080 21,715
Social security costs
Warden's
council tax		 1,561 1,517
26 647 23 232
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 2022
Additions		 2,500,000 5,185
1,499		 2,505,185
1,499
At 5th February 2023 2,500 000 6684 2 506 684
Housing
Association		 Grant
At 6th February 2022 and 5th February 2023 267410 267 410
Depreciation
At 6th February 2022
Charge for year		 5,185
300		 5,185
300
At 5th February 2023 5485 5485
Net Book Value
At 5th February 2023 2 232590 1 199 2 233,789
At 5th February 2022 2,232,590 2,233,789
Property cost is represented by: 2023 2022
Valuation
In 2023		 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 2023 2022
Cost at 6th February 2022 636,912 561,137
Accumulated dividends 34,295 25,775
Additions
In		 year 50,000
Cost at 5th February 2023 671 267 635912
8.Debtors 2023 2022
Residential
contributions		 receivable 2,401 1,525
Other debtors 835 722
Prepayments and accrued income 2,205 4,510
5 441 6757
9.Creditors: Amounts falling due in under one year 2023 2022
Trade creditors 7,852 1,881
Tax and social security 534 300
Due back to residents
Accruals and deferred income 4,313 3,512
12,699 5 693

Revaluation Revenue Charitable
10.Reserves Reserve Reserve Reserve Total
At 6th February 2022 1,928,711 929,479 178,390 3,036,580
Surplus for year 23,595 23,595
Revaluation
of property
Transfer to charitable reserve (5,964) 5,964
At 5th February 2023 1,928,711 947,110 184,354 3,060,175
11.Accommodation
in Management		 2023 2022
Number
of units of housing
accommodation		 20 20

2023 2022
Net income/(expenditure)
for the reporting
period as
per the statement
ofcomprehensive
Income		 23,595 53,889
Adjustments
for;
Depreciation
of tangible
fixed assets		 300
Interest paid
Investment
income		 (35,587) (27,264)
(Increase)/decrease in debtors 1,316 (1,410)
Increase/(decrease) in creditors 7,006 4
Net cash provided by operating activities 3,370 25,219
14.Analysis ofCash and Cash
Equivalents		 2023 2022
Cash at bank and in hand 166461 166614
INCOME AND EXPENDITURE ACCOUNT AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 FEBRUARY 2023
Notes 2023 2022
Income From Lettings
Residential
contributions		 72,183 67,444
Service charges 29,746 29408
Gross Income Receivable 101 929 96,852
Other income received
Losses arising
from voids		 2,546 67
Net Income Receivable 99,383 96,785
Expenditure
Services
Council tax
Heat 8 light 23,652 21,827
Water charges 3,010 4,386
Telephone 744 528
27406 26741
Management
Insurance 2,214 2,165
Subscriptions 617 558
Stationery
8 general expenses		 1,182 698
Accounting
fees		 1,020 1,020
Employee costs 25,641 23,232
Lifeline system 1,521 1,253
Professional
fees		 4,376 2,472
Depreciation 300
36 871 31,398
Routine Maintenance 47,332 12,021
Charitable
Expenditure		 216
Total Operating Expenditure 111,825 70,180
Operating
Surplus/(Deficit)		 12442 26 625
Other Operating Income
Charitable
donations		 450
Interest received 416 662
Investment
income		 35,171 26,602
Interest payable
Surplus
on Ordinary		 Activities 23,595 53889