##
##
||||||||Page|
|---|---|---|---|---|---|---|---|
|Report ofthe Corporate Trustee|||||||1-13|
|Statement|on internal|control|systems||||14|
|Corporate Trustees'
responsibilities||||statement|||15|
||||||||16-18|
|Independent|Audito(s|report||||||
|Statement|of comprehensive||income|(induding|income and expenditure|account)|19|
|Statement|offinancial|position|||||20|
|Statement|of changes|in equity and||reserves|||21|
|Statement|ofcash flows||||||22|
||||||||23-32|
##
##
##
##
##
##
##
##
##
||Residents
Satisfaction|Survey||||2022|2021|
|---|---|---|---|---|---|---|---|
|Satisfaction|with overall service|||||100%|100%|
|Satisfaction|with the overall
quality
ofyour home|||||100%|100%|
|Satisfaction|offeeling safe living
in your almshouse|||||100%|99%|
|Satisfaction|that your weekly maintenance|contribution|provides||value for|97%|96%|
|mone
Satisfaction|that your utility contribution
charge provides|||value|for money|97%|97%|
|Satisfaction|with repairs
and maintenance|||||100%|96'/|
|Satisfaction|that Tiverton Almshouse
Trust|listen to your||views|and acts|95%|96%|
|u
on them||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|||||F||
|Turnover|||2|782,317|759,795|
|Less: Operating
costs|||4|1,022,481|765,498|
|Operating
deficit|||5|(240,164)|(5,703)|
|Income from fixed|asset Investments|||33,558|29,334|
|Interest receivable|and similar income||9|6,563|71,171|
|Interest payable
and similar charges|||10|(15,031)|(10,762)|
|Unrealised/realised|gains|and losses on investments|12|(314,433)|453,485|
|Revaluation
of investment||properties|||(10,000)|
|Surplus
on ordinary
activities for the year before tax||||(529,507)|527,525|
|Tax on surplus
on|ordinary|activities||||
|Surplus )(deficit)|for the|year after tax||(529,507)|527,525|
|Total comprehensive
income for the year||||(529,507)|527,525|
##
|||||||2022|2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||||
|Fixed assets
Tangible fixed assets
Investment
properties
Other fixed assets
Investments||||11
11
11
12||4,144,378
2,856,676
428,019
3,491,472||4,040,000
2,856,676
428,163
3,797,008|
|||||||10,920,545||11,121,847|
|Current assets|||||||||
|Debtors||||13|57,532||51,375||
|Cash at bank and in|hand||||727,460||1,023,993||
||||||784,992||1,075,368||
|Creditors: amounts|falling||due within|14|169|119|104,630||
|one year|||||||||
|Net current assets||||||615,873||970,738|
|Total assets less current|||liabilities|||11536418||12,092,585|
|Creditors: amounts|falling due after|||15||519,511||546,171|
|more than one year||||||11,016,907||11,646,414|
|Capital and reserves
Permanent
endowment||||18||8,710,634||8,794,548|
|Expendable
endowment
Income and Expenditure||reserves||18
17||888,707
1,417,566
11,016,601||993,611
1,758,255
11,641!,414|
##
|||Permanent|Expendable|Other|||
|---|---|---|---|---|---|---|
|||Endowment|Endowment|Reserves|Total|2021|
|||F|E|f|6|F|
|At 31 December 2021||8,794,548|993,611|1,758,255|11,546,414|11,018,889|
|Surplus
for year before|gains|||(215,074)|(215,074)|84,040|
|and losses from investments|||||||
|Unrealised/realised
gains and||(83,914)|(104,904)|(125,615)|(314,433)|453,485|
|losses on investments|||||||
|Revaluation
oftangible|fixed|||||(10,000)|
|assets|||||||
|Total comprehensive
income||(83,914|(104,904)|(340,689)|(529,507)|527,525|
|Transfers|||||||
|At 31 December 2022||8,710,634|888,707|1,417,566|11,016,907|11,546,414|
##
|||||2022|2021||
|---|---|---|---|---|---|---|
||||Note||8||
|Net cash flow from operating|activities||23|(96,590)|52,102||
|Cash flow from investing
activities|||||||
|Rents received
from investment
properties|||||||
|Payments
to acquire tangible
Proceeds from investments|fixed assets|||(185,305)
244,989|(6,289)
26,464||
|Purchase
ofinvestments||||(229,499)|||
|Interest received||||6,383|6,171||
|Dividends
received||||33,558|29,334||
|Net cash flow from investing|activities|||(129,874)|55,680||
|Cash flow from financing
activities|||||||
|Repayment
oflong-term
loans
Net cash flow from financing
activities||||(45,681)
(45,681)|(43,007)
(43,007)||
|Net Increase
I (decrease)
In|cash and cash|equivalents||(272,145)|64,775||
|Cash and cash equivalents|as at 1 January|2022||1,056,272|991,497||
|Cash and cash equivalents|as at 31 December 2022|||784127|, 1856272,|.|
|Cash and cash equivalents
Cash at bank and
in hand|consist of:|||727,460|1,023,993||
|Cash held as part of investment
porffolio||||56,667|32,279||
|||||784,127|1,556,272||
##
##
##
##
##
##
##
||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Rents|receivable|||excluding|||service charges|||448,679||427,262|
|Service charges||||receivable||||||104,808||99,507|
|Rent and service||||charge||losses from voids||||(6,250)||(3,789)|
|Guest|room|income||||||||1,950|||
|Social|Housing||Turnover|||||||549,187||522,980|
|Investment||property|||Income|||||233,130||236,815|
|||||||||||782317,||759,795|
|3.
UNITS|IN MANAGEMENT||||||||||||
||||||||||||2022|2021|
|Social|housing||for older|||people|||||84|83|
|Warden
accommodation|||||||||||2|3|
||||||||||||86|88|
|4.
OPERATING||COSTS|||||||||||
|||||||Support
Costs
f||Social
Housing|Investment
Properties
f||Total 2022|Total
2021
f|
|Estate management||costs:|||||||||||
|Wages and salaries||||||||28,579|50,000||78,579|101,160|
|Estate costs|||||||||||||
|Repairs and maintenance||||||||294,529|22,|105|316,634|234,643|
|Professional
fees||||||||18,413|64,241||82,654|54,683|
|Utilitie s||||||||90,718|43,500||134,218|106,871|
|Insurance||||||||9,157|16,789||25,946|25,150|
|Sundry expenses||||||||8,514|5,198||13,712|9,158|
|Waste|||||||42|7,062|||7,104|6,762|
|Cleaning||||||||4,823|2,454||7,277|6,923|
|Administrative|costs||||||||||||
|Wages and salaries||||||209,003|||||209,003|163,583|
|Staff costs|||||||2,688||||2,688|90|
|Office running|costs||||||31,884||||31,884|25,512|
|Audit services|||||||4,158||||4,158|3,780|
|Accountancy|services||||||10,238||||10,238|8,324|
|COVID19 expenses|||||||307||||307|2,078|
|Plinsurance|||||||578||||578|578|
|Subscriptions|||||||5,684||||5,684|3,042|
|Bank charges|||||||894||||894|908|
|Depreciation|||||||3,071||||3,071|2,104|
|Profit/loss
on|disposal||||||78,000||||78,000||
|Investment
mgm't fees|||||||9,852||||9,852|10,149|
|||||||356,399||461,795|204,287||1,022,481|765,498|
|Apportionment||||||(356,399)||225,602|130,797||||
|||||||||687,397|335,084||1,022,481|765,498|
##
|5.|OPERATING DEFICIT|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f|f|
||Operating
deficit is stated after
Operating
leases - other assets||charging:|1,524|1,524|
|6.|AUDITORS'
REMUNERATION|||||
|||||2022f|2021
f|
||Audit services|||4,158|3,780|
|||||4,158|3780,|
|7.|BOARD OF DIRECTORS OF|THE|CORPORATE TRUSTEE AND KEY MANAGEMENT|||
||PERSONNEL REMUNERATION|||||
|||||2022f|2021f|
||The aggregate
emoluments
payable to key
management
personnel
excluding
employer|||78,579|70,540|
||pension
contributions|||||
##
##
|MPLOYEE|INFORM|ATION||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|The average
number||of persons employed||during|the year|||
|expressed|In full time equivalents||(16 hours|or more per||||
|week) was:||||||||
|Office staff||||||||
|Wardens,|cleaners|and handyman||||||
|||||||10||
|Staff costs (for the above persons)
Wages and salaries
Employer's
National
Insurance
Contributions
Other pension costs||||||254,137
19,057
14,388
267, 582|233,130
17,800
13,813
264,743|
##
|9.|INTEREST|RECEIVABLE AND SIMILAR INCOME|RECEIVABLE AND SIMILAR INCOME|RECEIVABLE AND SIMILAR INCOME|RECEIVABLE AND SIMILAR INCOME|||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2021|
||||||||f||f.|
||Interest received||||||6,383||6,171|
||Miscellaneous||Income||||180||65,000|
||||||||6,563||71,171|
|10.|INTEREST|PAYABLE AND SIMILAR CHARGES||||||||
||||||||2022||2021|
||Mortgage|interest|||||15,031||10,762|
||||||||15,031||10,782|
|11.|TANGIBLE|FIXED||ASSETS||||||
|||||Housing
Properties
f|Investment
Properties|Freehold
Property
f|Computer
Equipment||Total|
|COST OR|VALUATION|||||||||
|At 1 January 2022||||4,040,000|2,856,676|425,000||15,264|7,336,940|
|Additions
Disposals|||182,378
~78,0001|||||2,927|185,305
~78,000|
|At 31 December 2022||||4,144,378|2,856,676|425,000||18,191|7,444,245|
|DEPRECIATION||||||||||
|At 1 January 2022||||||||12,101|12,101|
|Charge for|year|||||||3,071|3,071|
|At 31 December 2022||||||||15,172|15,172|
|NET BOOK VALUE||||||||||
|At 31 December 2022||||4,144,378|2,856,676|425,000||3,019|7,429,073|
|At 31 December 2021||||4,040,000|2,856,676|425,000||3,163|7,324,839|
##
##
|Expenditure
on works to existing|Expenditure
on works to existing|2020|2019|
|---|---|---|---|
|properties||||
|Amounts|charged to income and|228,879|238,598|
|expenditure|account|||
##
|Valuation
is represented
by:|Valuation
is represented
by:|2022
F|2021f||
|---|---|---|---|---|
|Historical cost||296,927|296,927||
|Revaluation||2,559,749|2,559,749||
|||2,856,676|2856676,|,|
|Revaluation:||2022
f|2021f||
|Balance as at 31 December 2021||2,559,749|2,566,487||
|Net ofadditions
Revaluation
Balance as at|and transfers
31 December 2022|2559749,|3,262
~70.000
2,559,749||
##
##
##
||||||2022
f|2021f|
|---|---|---|---|---|---|---|
|MARKET VALUE OF LISTED INVESTMENTS|||||||
|At 31 December 2021|||||3,797,008|3,359,604|
|Additions|||||229,499||
|Disposal proceeds|||||(244,989)|(26,464)|
|Realised gains/(losses)|||||(2,336)|9,332|
|Unrealised
gains/(losses)|||||~0372,097|444,153|
|At 31 December 2022|||||3,467,085|3,786,625|
|Cash held as|part of investment|||portfolio (movement)|24,387|10,383|
||||||3,491,472|37970,06,|
|Historical cost|||||2,603,782|2,592,324|
|EBTORS —ALL RECEIVABLE||||WITHIN ONE YEAR|||
||||||2022|2021|
||||||f||
|Trade debtors|||||||
|Social housing||rent arrears|||528|1,655|
|Social housing||utility|arrears||||
|Other|||||5,575|1,824|
||||||6,103|3,479|
|Prepayments|and accrued income||||43,110|41,985|
|Other debtors|||||8,319|5,911|
||||||57,532|51,375|
|REDITORS -|AMOUNTS||FALLING DUE WITHIN ONE||YEAR||
||||||2022|2021f|
|Mortgages|||||29,404|33,395|
|Trade creditors and||rents|paid in|advance|95,283|20,531|
|Other creditors|and|accruals|||44,432|50,704|
||||||169,119|104,630|
|REDITORS - AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2022|2021|
||||||f|F|
|Mortgages|||||519,511|546,171|
##
##
##
##
##
##
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||Analysis
of maturity
of debt:||||||f|F|
|||Less than one year or on demand
Between one and two years
Between two and five years
Afier five years||||||29,404
30,440
97,916
391,155
548,915|33,395
33,948
105,297
406,926
572,566|
|||The mortgages
mature
in July||2037.||||||
|||Capital
is repayable
in monthly
instalments,
which commenced
loans
in calculated
based on SONIA and include
an Adjustment||||||in August 2004. Interest
Spread.|for both|
|||The mortgages
are secured|on certain freehold|||housing|and investment
properties.|||
||17.|INCOME AND EXPENDITURE RESERVES||||||||
|||||Surplus||||||
|||2021
f||for yearf|Revaluation
f||Transferred
f
Utilised
f.||2022
f|
|Programme
ofworks fund
Extraordinary
repair fund
Cyclical maintenance
fund
Routine works
20,814
42,833
63,400
47,433||||||||992,799
200,095
60,527
(20,814)
(225,129)
(194,983)
(56,729)|810,503
68,512
51,231|
|Other||1,583,775||(215,074)||(125,615)|(1,253,421)
497,655||487,320|
|||1,758,255||(147,558(||(125,6 5(|||1,417,566|
##
##
##
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||6|f|
|Surplus
/ (deficit) for|the year|(529,507)|527,525|
|Mortgage
interest
paid||15,031|10,762|
|Interest received||(6,383)|(6,171)|
|Dividends
received||(33,558)|(29,334)|
|Depreciation/impairment|oftangible
fixed assets|3,071|2,104|
|Realised (gain)
/ loss on disposal of investments||2,336|(9,332)|
|Profit/loss
on disposal|of tangible
fixed assets|78,000||
|Unrealised
(gains)
/ loss on investments||312,097|(444,153)|
|Revaluation
on tangible
fixed assets|||10,000|
|(Increase)
/ decrease
Increase
/ (decrease)|in trade and other debtors
in trade and other creditors|(6,157)
68,480|(2,141)
~i7, 158|
|Net cash flow from operating
activities||(96,590)|52,152|
##
##
|LYSIS OF|CHANGES
IN NET|DEBT||||
|---|---|---|---|---|---|
|||2021|Cashgows|Non-cash
changes|2022|
|||||f||
|Long-term|borrowings|546,171||(26,660)|519,511|
|Short-term|borrowings|33,395|(30,651)|26,660|29,404|
|Total liabilities
Cash and cash equivalents||579,566
~7, 666,2 72|(30,651)
272,145||548,915
~7%127,|
|Total||(476,706)|241,494||(235,212)|
##
##
||||||||Page|
|---|---|---|---|---|---|---|---|
|Report ofthe Corporate Trustee|||||||1-13|
|Statement|on internal|control|systems||||14|
|Corporate Trustees'
responsibilities||||statement|||15|
||||||||16-18|
|Independent|Audito(s|report||||||
|Statement|of comprehensive||income|(induding|income and expenditure|account)|19|
|Statement|offinancial|position|||||20|
|Statement|of changes|in equity and||reserves|||21|
|Statement|ofcash flows||||||22|
||||||||23-32|
##
##
##
##
##
##
##
##
##
||Residents
Satisfaction|Survey||||2022|2021|
|---|---|---|---|---|---|---|---|
|Satisfaction|with overall service|||||100%|100%|
|Satisfaction|with the overall
quality
ofyour home|||||100%|100%|
|Satisfaction|offeeling safe living
in your almshouse|||||100%|99%|
|Satisfaction|that your weekly maintenance|contribution|provides||value for|97%|96%|
|mone
Satisfaction|that your utility contribution
charge provides|||value|for money|97%|97%|
|Satisfaction|with repairs
and maintenance|||||100%|96'/|
|Satisfaction|that Tiverton Almshouse
Trust|listen to your||views|and acts|95%|96%|
|u
on them||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Note|2022|2021|
|---|---|---|---|---|---|
|||||F||
|Turnover|||2|782,317|759,795|
|Less: Operating
costs|||4|1,022,481|765,498|
|Operating
deficit|||5|(240,164)|(5,703)|
|Income from fixed|asset Investments|||33,558|29,334|
|Interest receivable|and similar income||9|6,563|71,171|
|Interest payable
and similar charges|||10|(15,031)|(10,762)|
|Unrealised/realised|gains|and losses on investments|12|(314,433)|453,485|
|Revaluation
of investment||properties|||(10,000)|
|Surplus
on ordinary
activities for the year before tax||||(529,507)|527,525|
|Tax on surplus
on|ordinary|activities||||
|Surplus )(deficit)|for the|year after tax||(529,507)|527,525|
|Total comprehensive
income for the year||||(529,507)|527,525|
##
||||||2022|2021||
|---|---|---|---|---|---|---|---|
||||Notes|6||||
|Fixed assets
Tangible fixed assets
Investment
properties
Other fixed assets
Investments|||11
11
11
12||4,144,378
2,856,676
428,019
3,491,472||4,040,000
2,856,676
428,163
3,797,008|
||||||10,920,545||11,121,847|
|Current assets||||||||
|Debtors|||13|57,532||51,375||
|Cash at bank and in|hand|||727,460||1,023,993||
|||||784,992||1,075,368||
|Creditors: amounts|falling due within||14|169|119|104,630||
|one year||||||||
|Net current assets|||||615,873||970,738|
|Total assets less current||liabilities|||11536418||12,092,585|
|Creditors: amounts|falling due after||15||519,511||546,171|
|more than one year|||||11,016,907||11,646414|
|Capital and reserves
Permanent
endowment|||18||8,710,634||8,794,548|
|Expendable
endowment
Income and Expenditure||reserves|18
17||888,707
1,417,566
11,016,601||993,611
1,758,255
11,641!,414|
##
|||Permanent|Expendable|Other|||
|---|---|---|---|---|---|---|
|||Endowment|Endowment|Reserves|Total|2021|
|||F|E|f|6|F|
|At 31 December 2021||8,794,548|993,611|1,758,255|11,546,414|11,018,889|
|Surplus
for year before|gains|||(215,074)|(215,074)|84,040|
|and losses from investments|||||||
|Unrealised/realised
gains and||(83,914)|(104,904)|(125,615)|(314,433)|453,485|
|losses on investments|||||||
|Revaluation
oftangible|fixed|||||(10,000)|
|assets|||||||
|Total comprehensive
income||(83,914|(104,904)|(340,689)|(529,507)|527,525|
|Transfers|||||||
|At 31 December 2022||8,710,634|888,707|1,417,566|11,016,907|11,546,414|
##
|||||2022|2021||
|---|---|---|---|---|---|---|
||||Note||8||
|Net cash flow from operating|activities||23|(96,590)|52,102||
|Cash flow from investing
activities|||||||
|Rents received
from investment
properties|||||||
|Payments
to acquire tangible
Proceeds from investments|fixed assets|||(185,305)
244,989|(6,289)
26,464||
|Purchase
ofinvestments||||(229,499)|||
|Interest received||||6,383|6,171||
|Dividends
received||||33,558|29,334||
|Net cash flow from investing|activities|||(129,874)|55,680||
|Cash flow from financing
activities|||||||
|Repayment
oflong-term
loans
Net cash flow from financing
activities||||(45,681)
(45,681)|(43,007)
(43,007)||
|Net Increase
I (decrease)
In|cash and cash|equivalents||(272,145)|64,775||
|Cash and cash equivalents|as at 1 January|2022||1,056,272|991,497||
|Cash and cash equivalents|as at 31 December 2022|||784127|, 1856272,|.|
|Cash and cash equivalents
Cash at bank and
in hand|consist of:|||727,460|1,023,993||
|Cash held as part of investment
porffolio||||56,667|32,279||
|||||784,127|1,556,272||
##
##
##
##
##
##
##
||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Rents|receivable|||excluding|||service charges|||448,679||427,262|
|Service charges||||receivable||||||104,808||99,507|
|Rent and service||||charge||losses from voids||||(6,250)||(3,789)|
|Guest|room|income||||||||1,950|||
|Social|Housing||Turnover|||||||549,187||522,980|
|Investment||property|||Income|||||233,130||236,815|
|||||||||||782317,||759,795|
|3.
UNITS|IN MANAGEMENT||||||||||||
||||||||||||2022|2021|
|Social|housing||for older|||people|||||84|83|
|Warden
accommodation|||||||||||2|3|
||||||||||||86|88|
|4.
OPERATING||COSTS|||||||||||
|||||||Support
Costs
f||Social
Housing|Investment
Properties
f||Total 2022|Total
2021
f|
|Estate management||costs:|||||||||||
|Wages and salaries||||||||28,579|50,000||78,579|101,160|
|Estate costs|||||||||||||
|Repairs and maintenance||||||||294,529|22,|105|316,634|234,643|
|Professional
fees||||||||18,413|64,241||82,654|54,683|
|Utilitie s||||||||90,718|43,500||134,218|106,871|
|Insurance||||||||9,157|16,789||25,946|25,150|
|Sundry expenses||||||||8,514|5,198||13,712|9,158|
|Waste|||||||42|7,062|||7,104|6,762|
|Cleaning||||||||4,823|2,454||7,277|6,923|
|Administrative|costs||||||||||||
|Wages and salaries||||||209,003|||||209,003|163,583|
|Staff costs|||||||2,688||||2,688|90|
|Office running|costs||||||31,884||||31,884|25,512|
|Audit services|||||||4,158||||4,158|3,780|
|Accountancy|services||||||10,238||||10,238|8,324|
|COVID19 expenses|||||||307||||307|2,078|
|Plinsurance|||||||578||||578|578|
|Subscriptions|||||||5,684||||5,684|3,042|
|Bank charges|||||||894||||894|908|
|Depreciation|||||||3,071||||3,071|2,104|
|Profit/loss
on|disposal||||||78,000||||78,000||
|Investment
mgm't fees|||||||9,852||||9,852|10,149|
|||||||356,399||461,795|204,287||1,022,481|765,498|
|Apportionment||||||(356,399)||225,602|130,797||||
|||||||||687,397|335,084||1,022,481|765,498|
##
|5.|OPERATING DEFICIT|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f|f|
||Operating
deficit is stated after
Operating
leases - other assets||charging:|1,524|1,524|
|6.|AUDITORS'
REMUNERATION|||||
|||||2022f|2021
f|
||Audit services|||4,158|3,780|
|||||4,158|3780,|
|7.|BOARD OF DIRECTORS OF|THE|CORPORATE TRUSTEE AND KEY MANAGEMENT|||
||PERSONNEL REMUNERATION|||||
|||||2022f|2021f|
||The aggregate
emoluments
payable to key
management
personnel
excluding
employer|||78,579|70,540|
||pension
contributions|||||
##
##
|MPLOYEE|INFORM|ATION||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|The average
number||of persons employed||during|the year|||
|expressed|In full time equivalents||(16 hours|or more per||||
|week) was:||||||||
|Office staff||||||||
|Wardens,|cleaners|and handyman||||||
|||||||10||
|Staff costs (for the above persons)
Wages and salaries
Employer's
National
Insurance
Contributions
Other pension costs||||||254,137
19,057
14,388
267, 582|233,130
17,800
13,813
264,743|
##
|9.|INTEREST|RECEIVABLE AND SIMILAR INCOME|RECEIVABLE AND SIMILAR INCOME|RECEIVABLE AND SIMILAR INCOME|RECEIVABLE AND SIMILAR INCOME|||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2022||2021|
||||||||f||f.|
||Interest received||||||6,383||6,171|
||Miscellaneous||Income||||180||65,000|
||||||||6,563||71,171|
|10.|INTEREST|PAYABLE AND SIMILAR CHARGES||||||||
||||||||2022||2021|
||Mortgage|interest|||||15,031||10,762|
||||||||15,031||10,782|
|11.|TANGIBLE|FIXED||ASSETS||||||
|||||Housing
Properties
f|Investment
Properties|Freehold
Property
f|Computer
Equipment||Total|
|COST OR|VALUATION|||||||||
|At 1 January 2022||||4,040,000|2,856,676|425,000||15,264|7,336,940|
|Additions
Disposals|||182,378
~78,0001|||||2,927|185,305
~78,000|
|At 31 December 2022||||4,144,378|2,856,676|425,000||18,191|7,444,245|
|DEPRECIATION||||||||||
|At 1 January 2022||||||||12,101|12,101|
|Charge for|year|||||||3,071|3,071|
|At 31 December 2022||||||||15,172|15,172|
|NET BOOK VALUE||||||||||
|At 31 December 2022||||4,144,378|2,856,676|425,000||3,019|7,429,073|
|At 31 December 2021||||4,040,000|2,856,676|425,000||3,163|7,324,839|
##
##
|Expenditure
on works to existing|Expenditure
on works to existing|2020|2019|
|---|---|---|---|
|properties||||
|Amounts|charged to income and|228,879|238,598|
|expenditure|account|||
##
|Valuation
is represented
by:|Valuation
is represented
by:|2022
F|2021f||
|---|---|---|---|---|
|Historical cost||296,927|296,927||
|Revaluation||2,559,749|2,559,749||
|||2,856,676|2856676,|,|
|Revaluation:||2022
f|2021f||
|Balance as at 31 December 2021||2,559,749|2,566,487||
|Net ofadditions
Revaluation
Balance as at|and transfers
31 December 2022|2559749,|3,262
~70.000
2,559,749||
##
##
##
||||||2022
f|2021f|
|---|---|---|---|---|---|---|
|MARKET VALUE OF LISTED INVESTMENTS|||||||
|At 31 December 2021|||||3,797,008|3,359,604|
|Additions|||||229,499||
|Disposal proceeds|||||(244,989)|(26,464)|
|Realised gains/(losses)|||||(2,336)|9,332|
|Unrealised
gains/(losses)|||||~0372,097|444,153|
|At 31 December 2022|||||3,467,085|3,786,625|
|Cash held as|part of investment|||portfolio (movement)|24,387|10,383|
||||||3,491,472|37970,06,|
|Historical cost|||||2,603,782|2,592,324|
|EBTORS —ALL RECEIVABLE||||WITHIN ONE YEAR|||
||||||2022|2021|
||||||f||
|Trade debtors|||||||
|Social housing||rent arrears|||528|1,655|
|Social housing||utility|arrears||||
|Other|||||5,575|1,824|
||||||6,103|3,479|
|Prepayments|and accrued income||||43,110|41,985|
|Other debtors|||||8,319|5,911|
||||||57,532|51,375|
|REDITORS -|AMOUNTS||FALLING DUE WITHIN ONE||YEAR||
||||||2022|2021f|
|Mortgages|||||29,404|33,395|
|Trade creditors and||rents|paid in|advance|95,283|20,531|
|Other creditors|and|accruals|||44,432|50,704|
||||||169,119|104,630|
|REDITORS - AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2022|2021|
||||||f|F|
|Mortgages|||||519,511|546,171|
##
##
##
##
##
##
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||Analysis
of maturity
of debt:||||||f|F|
|||Less than one year or on demand
Between one and two years
Between two and five years
Afier five years||||||29,404
30,440
97,916
391,155
548,915|33,395
33,948
105,297
406,926
572,566|
|||The mortgages
mature
in July||2037.||||||
|||Capital
is repayable
in monthly
instalments,
which commenced
loans
in calculated
based on SONIA and include
an Adjustment||||||in August 2004. Interest
Spread.|for both|
|||The mortgages
are secured|on certain freehold|||housing|and investment
properties.|||
||17.|INCOME AND EXPENDITURE RESERVES||||||||
|||||Surplus||||||
|||2021
f||for yearf|Revaluation
f||Transferred
f
Utilised
f.||2022
f|
|Programme
ofworks fund
Extraordinary
repair fund
Cyclical maintenance
fund
Routine works
20,814
42,833
63,400
47,433||||||||992,799
200,095
60,527
(20,814)
(225,129)
(194,983)
(56,729)|810,503
68,512
51,231|
|Other||1,583,775||(215,074)||(125,615)|(1,253,421)
497,655||487,320|
|||1,758,255||(147,558(||(125,6 5(|||1,417,566|
##
##
##
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|||6|f|
|Surplus
/ (deficit) for|the year|(529,507)|527,525|
|Mortgage
interest
paid||15,031|10,762|
|Interest received||(6,383)|(6,171)|
|Dividends
received||(33,558)|(29,334)|
|Depreciation/impairment|oftangible
fixed assets|3,071|2,104|
|Realised (gain)
/ loss on disposal of investments||2,336|(9,332)|
|Profit/loss
on disposal|of tangible
fixed assets|78,000||
|Unrealised
(gains)
/ loss on investments||312,097|(444,153)|
|Revaluation
on tangible
fixed assets|||10,000|
|(Increase)
/ decrease
Increase
/ (decrease)|in trade and other debtors
in trade and other creditors|(6,157)
68,480|(2,141)
~i7, 158|
|Net cash flow from operating
activities||(96,590)|52,152|
##
##
|LYSIS OF|CHANGES
IN NET|DEBT||||
|---|---|---|---|---|---|
|||2021|Cashgows|Non-cash
changes|2022|
|||||f||
|Long-term|borrowings|546,171||(26,660)|519,511|
|Short-term|borrowings|33,395|(30,651)|26,660|29,404|
|Total liabilities
Cash and cash equivalents||579,566
~7, 666,2 72|(30,651)
272,145||548,915
~7%127,|
|Total||(476,706)|241,494||(235,212)|
##
##
##
##
##
##
##
##
##
##
##
|Tiverton Almhouse
Accounts
and audit
adjustments|T|ru|st||||
|---|---|---|---|---|---|---|
||||Profit &Loss|Balance|B/forward||
||||Account|Sheet|reserves|Profit|
||||Dr/(Cr)
E|Dr I(Cr)
8|Dr/(Cr)f|effect
E|
|Accounts adjustments|||||||
|1 Fixed asset disposal
Loss on disposal|||78,000|(78,000)||(78,000)|
|Dispose of original cost||of|||||
|windows|||||||
|2 Depreciation
(BS)
Depreciation
expense|||(9,119)|9,119||9,119|
|Remove depreciation|of||||||
|windows|||||||
|3 Bank
Interest income|||(1,315)|1,315||1,315|
|Shawbrooks interest|not posted||||||
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