| Pege | |
|---|---|
| ReportoftheTrustees | I to3 |
| lndependentExaminerrsReport | 4 |
| Staaementof Financial Activities | 5 |
| BalanceSheet | 6to7 |
| Notesto theFinancialStatements | 8 ro14 |
| FORTHE Y | EAREND | ED31STDECEM | BER2022 | ||
|---|---|---|---|---|---|
| 3t.12.22 | 3t.122l | ||||
| Ucstriclcd | Restricted | Total | Total | ||
| funds | tund | funds | funds | ||
| Notes | f | L | € | f. | |
| INCOMEANDENDOWMENTS FROM | |||||
| Donations andlegacies | 2 | l5 | |||
| Cbaritable activities | 4 | ||||
| Wendover | 79,446 | 79,446 | t00,637 | ||
| Investment income | 3 | 7,731 | 7;731 | 3,454 | |
| Total | 87,t17 | 8',7,t'7',7 | 104,t06 | ||
| F],XPENDITI]RE ON | |||||
| CharitableactiYities | 5 | ||||
| Administration | 53,163 | 2,396 | 555S0 | 43,O12 | |
| Wendover | I 13,006 | It3,006 | 126,'140 | ||
| Other | t.M1 | t,447 | 763 | ||
| Total | t6'7.6t6 | 2,396 | 170,0t2 | t70,515 | |
| NETINCOME(EXPENDITURE) Transfersbetween funds |
l5 | (80.439) 37,604 |
(2,396\ (31.604|(82,835) |
(66,409) | |
| OtherrecogDised gains/(losses) GainV(Josscs) on revaluationof6xedassets |
(f36,60r) | (136,601)66,952 | |||
| Net moYementinfunds | (42.83s|(176,601) | (219.436) | 543 | ||
| RECONCILIATIONOFFUNDS Totalfundsbrought forward |
1,398,045 | t,092,668 | 2,490,7t3 | 2,490,170 | |
| TOTALFUNDSCARRIEDFORWAR.D | 1,355,210 | 916,06'7 | 2,490,',l13 |
| 3ISTDE | COMBER2022 | ||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| Uruestriclcd | Restricted | Total | Total | ||
| ftrnds | fnnd | funds | funds | ||
| Notcs | r | L | r | € | |
| FIXEDASSETS Tangibleassets |
lt | 732,t32 | '732,t32 | 729,865 | |
| lnveslrnenls | t2 | 153,656 | 902,328 | 1,055,984 | 1,2f2,585 |
| 885,788 | 902,328 | 1,788,116 | 1,962,450 | ||
| CURRENTASSETS | |||||
| Debtors | l3 | 13,610 | 13,610 | 10,028 | |
| Cashal bank and in hand | 470,410 | 13,739 | 484,169 | 530,503 | |
| 484,040 | 13,739 | 497,779 | 540,531 | ||
| CREDITORS Arnounsfallingduewithinoneycar |
t4 | (14,618) | (14,618)(12,268) | ||
| NET CURRENTASSETS | 469,422 | t3,739 | 483.161 | 528,261 | |
| TOTALASSETS LESSCURRENT LIABILITIES |
1,355,2t0 | 916,067 | 2,271,211 | 2,490,713 | |
| NETASSETS | I,355,210 | 9t6,06't | 2,2'71,277 | 2,490,',7t3 | |
| FUNDS | l5 | ||||
| Unrestric(cdfi.rnds | 1.355,210 | I,398,045 | |||
| Restrictcdf'unds | 9t6,067 | 1,092,668 | |||
| TOTALFUNDS | 2,2',71,2',7',7 | 2,490;7t3 |
| FORTHE YEARENIDED3ISTDE | FORTHE YEARENIDED3ISTDE | CEMBER2022 | |||
|---|---|---|---|---|---|
| , | DONATIONS ANDLEGACIES | ||||
| 31.12.22 | 3t.t2.21 | ||||
| L | L | ||||
| Subscriptions and Donations | l5 | ||||
| 3. | INVESTMENT INCOME | ||||
| 3t.t2.22 | 3t.t2.21 | ||||
| L | |||||
| Depositaccount interesl | 7,',731 | 3,454 | |||
| 4. | INCOMEFROMCTIARITABLEACTIVITIES | ||||
| 3r.t2.22 | 31.12.21 | ||||
| Activity | L | L | |||
| ResidentsCharges | Wendovcr | '79.446 | 99,014 | ||
| Grants | Wendover | 1,623 | |||
| '79,446 | 100,637 | ||||
| 5. | CHARITABLEACTIVITIESCOSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | not€6) | Totals | |||
| L | t. | L | |||
| Administration | 11,849 | 43,'tt0 | 555Sg | ||
| Wendover | fi2,307 | 699 | 113,006 | ||
| t24,ts6 | 44,409 | 168,565 | |||
| 6. | SUPPORTCOSTS | ||||
| Govemance | |||||
| Finance | costs | Totals | |||
| L | f. | € | |||
| Administration | t42- | 43,568 | 43,'tto | ||
| Wendovet | 699 | 699 | |||
| t42 | M,26',7 | 44,409 | |||
| 7 | NETINCOME/(EXPENDITURE) | ||||
| Net income(expenditure)is s(atedaflercharging/(crediting): | |||||
| 31.12.22 | 31.t2.21 | ||||
| L | f. | ||||
| Depreciation -owredassets | 1,448 | '762 |
| Theaveragemonthlynumberofemployeesduring | the yearwasasfollows: | ||
|---|---|---|---|
| 31.t2.22 | 3t.12 | 2l | |
| CaringSewices | 6 | 1 | |
| Administration | 3 | 2 | |
| 9 | 9 |
| Noemployces received emolumentsinexcessof€60,000 | Noemployces received emolumentsinexcessof€60,000 | ||
|---|---|---|---|
| COMPARATIVESFORTHE STATEMENTOFFINANCIAL ACTIVITIES | |||
| Unrestrictcd | Restricted | Tolal | |
| firnds | filnd | funds | |
| L | L | ||
| INCOMEAND ENDOWMENTSFROM | |||
| Donationsandlegacies | l5 | l5 | |
| Chariaablesctivities | |||
| Wendover | 100,637 | 100,63'7 | |
| Investment income | 3,454 | 3,454 | |
| Totd | 104,106 | 104,106 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Administration | 43,0t2 | 43,0t2 | |
| Wendover | t2J,463 | 3,2',7'7 | t26,'740 |
| Othcr | '763 | '163 | |
| Total | t6'7,238 | 3,277 | 170,515 |
| NETTNCOME/(EXPENDITUR,E) | (63,r32) | (3,217) | (6630e) |
| TransfersbetweeDfunds | 42,984 | (42,984) | |
| Otherrecognisedgains(losses) | |||
| Cains on revaluationoffixedassets | 66,9s2 | 66,952 | |
| Net movemetrtinfunds | (20,148)2O,69t | 543 | |
| RECONCII-IATIONOFFUNDS Totalfunds broughtforward |
1,418,193 | t,071,9'7',7 | 2,490,1'.70 |
| FORTHE YEARENDED3ISTDECE | FORTHE YEARENDED3ISTDECE | MBER2022 | MBER2022 | ||
|---|---|---|---|---|---|
| 10. | COMPARITMSFORTHE STATEMENTOFFINANCIAL | ACTMTIES-continued | |||
| Unrestricted | |||||
| funds | |||||
| L | |||||
| TOTALFUNI'S CARRIED FORWARI) | I,398,045 | ||||
| 11. | TANGIBLEFLXED ASSETS | ||||
| Fixtures | |||||
| Freehold | and | Computer | |||
| property t |
fittings f |
equipment | Totals L |
||
| cosT | |||||
| AtlstJanuary 2022 | '728,6s9 | 58.46',7 | 2,621 | 789,',l4'1 | |
| Additions | 3,008 | '70'7 | 3,1t5 | ||
| At3lstDccember 2022 | 728.659 | 6t,4',75 | 3,328 | 793,462 | |
| DEPRECTATION | |||||
| AtIstJanuary 2022 | s'7,441 | 'I/.At | 59,882 | ||
| Chargefor ycar | 1,21t | 23',7 | |||
| At3lstDeccmber 2022 | 58,652 | 2,6',78 | 61,330 | ||
| NETBOOK VALUE At3lstDecembcr 2022 |
728,659 | ?er1 | 650 | 2!" | |
| A(31st December2021 | 728,659 | t,026 | 180 | '729,865 | |
| 12. | FIXEDASSETINVESTMENTS | ||||
| Unlistcd | |||||
| tnvestments | |||||
| L | |||||
| MARKETVALUE | |||||
| AtlstJanuary2022 | t,232,58s | ||||
| Disposals | (40,000) | ||||
| Rcvaluations | (136,601) | ||||
| At3lst December 2022 | 1,055,984 | ||||
| NETBOOK VALUE | |||||
| At3lst Decembcr 2022 | |||||
| A13lstDccember2021 | |||||
| There werenoinvestmentassetsoutside theUK. | |||||
| Cost orvalualionat3lstDecember 2022isrcpresentedby | |||||
| Unlisted | |||||
| investmcnts | |||||
| r | |||||
| Valuation in2022 | 1,055.984 |
| DEBTORS:AMOUNTS FALLINGDUEWI | THINON | EYEAR | |||
|---|---|---|---|---|---|
| 3t.12.22 | 1t.t2.21 | ||||
| t | L | ||||
| Trade debtors | 3,4',7't | 4,56'7 | |||
| Prepayments | 10,133 | 5,461 | |||
| 13,610 | 10,028 | ||||
| CREDITORS:AMOUNTSFALLINGDUEWITHIN | ONEYEAR | ||||
| 31.t2.22 | 3t.12.21 | ||||
| L | |||||
| Trade creditors | I,4',72 | 895 | |||
| Othercrcditors | 13,146 | ll,373 | |||
| t4,618 | t2,268 | ||||
| MOVEMENT INFUNDS | |||||
| Net | Transfers | ||||
| movemeDl | between | ||||
| At t/t/22 | infunds | funds | 3t/t2/22 | ||
| L | L | L | f. | ||
| Unrestricted funds Generalfund |
t,36',7,949 | (80,439) | 31,604 |
1,325,1l4 | |
| Designated Fund(EquipmentReplacement) | 30,000 | 30,000 | |||
| Repairsfiud | 96 | 96 | |||
| 1,398,045 | (80,439) | 37,604 | 1,355,210 | ||
| Restricted funds | |||||
| CooperMemorialFund | t,092,668 | (138,997) | (37,6M) | 9t6,06'7 | |
| TOTALFUNDS | |||||
| Net movementinflrnds,includedintheaboveare asfollows: | |||||
| lncoming | Resources | Gainsand | MoYement | ||
| resoluces t |
expended f. |
losses t |
in funds f |
||
| Unrestricted funds Generalfund |
87,177 | (167,616 ) | (80,439) | ||
| Resarictcdfunds CooperMcmorialf-und |
(2,396) | (136,601) | (138,9e7) | ||
| TOTALFUNDS | 8',1,t'77 | (r70,012) | (136,601) | (219,416) |
| Net | Transfcrs | |||
|---|---|---|---|---|
| movement | between | At | ||
| Atln/21 | infunds | funds | 3t/t2/21 | |
| t | E | L | L | |
| Unrestricted funds Generalfund |
1,388,097 | (63,132|42,984 | 1,367,919 | |
| Designated Fund(EquipmentReplacement) | 30.000 | 30.000 | ||
| Repairsfund | 96 | 96 | ||
| I,418,193 | (63,132) | 42,984 | 1,398,045 | |
| Restrictedfunds | ||||
| CooperMemorialFund | I,07 | ,97',7 | 63,67s | (42,984) |
| TOTALFUNDS | 2,490,1',70 | 2.490,713 |
| Comparative net movcment rn funds,i | ncluded intheaboveare asfoll | ows | ||
|---|---|---|---|---|
| Incoming | Resources | Gainsand | Movement | |
| resources LE |
expended | losses f |
infunds L |
|
| Unrestrictedfunds Gcncral fund |
104,106 | (161,238) | (63,t32) | |
| Restrictedfunds | ||||
| Coopcr MemorialFund | (3,2'7'7|66,9s2 | 63,615 | ||
| TOTALFUNDS | 104,106 | (170,515) | 66,9s2 | 543 |
| Acurrcnt year12monthsandprior ycar12mo | nths combinedpos | itionisasfollows | ||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At lll/21 | infunds | funds | 3t/t2/22 | |
| f. | t. | t | f | |
| Unrestrictedfurds Generalfund |
1,388,097 | (r43,s71)80,s88 | ||
| DesignatedF'und(EquipmcrtReplacement) | 30,000 | 30,000 | ||
| Repairsfund | 96 | 96 | ||
| t,4t8,t93 | (r43.571) | 80,588 | 1,355,210 | |
| Restrictedfunds | ||||
| CooperMcmorialFund | t,071,977 | (7s,322) | (80,588) | 916,06'7 |
| TOTALFUNDS | 2,490,1',70 | (2r8,893) | 2,271,2',7'l |
| Acurrentyear12 months andpriory asfo[[ows: |
ear12months combinednet | movement infun | ds, includedi |
ntheabove |
|---|---|---|---|---|
| lncoming | Rcsources | Gainsand | Movement | |
| rcsources | expended | losscs | infunds | |
| L | f. | T | € | |
| Unrestricted futlds Generalfund |
191,283 | (334,854) | (r43,57r) | |
| Re$tricted funds CoopcrMemorialFund |
(s,673) | (69.64e)('.7s,322) | ||
| TOTALFUNDS | r9r,283 | (340,s2',7) | (69,649|(2r8,893) |
| 2022 | 2021 | |
|---|---|---|
| Reinvesknent | 0% | 0% |
| NewSupplyDelivered | 0o/o | 0% |
| Gearing EBITA MRIlnterestCover |
-65% N/A |
-73% N/A |
| Headline Social Housing Cost | f.t41,733 | €154,659 |
| OperatingMargin | -t040/" | -6',t% |
| Retum on CapitalEmployed | -6% | -3yo |