||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||,448| ||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)|I,092,668| |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|||,325,t t4| |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|