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|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|
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|||||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|
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|||||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|
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|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|
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||||||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|
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||||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|
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|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|
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|||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|
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||||||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|