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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|3|
|Independent<br>Examiner's<br>Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|12|
|Detailed Statement of Financial Activities||13||





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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||funds|funds|fund|funds|funds|
|||||Notes|8|||||
|INCOME AND||||||||||
|ENDOWMENTS||FROM||||||||
|Residents maintenance||||||||||
|contributions|||||64,934|||64,934|61,620|
|Investment<br>income|||||9,496|||9,496|13,886|
|Total|||||74,430|||74,430|75,506|
|EXPENDITURE||ON||||||||
|Charitable<br>activities||||||||||
|Operating<br>costs|||||230,294|||230,294|83,487|
|Net gains/(losses)|on|||||||||
|investments|||||(28,884)|||(28,884)|1,886,434|
|NET||||||||||
|INCOME/(EXPENDITURE)|||||(184,748)|||(184,748)|1,878,453|
|RECONCILIATION|||OF|||||||
|FUNDS||||||||||
|Total funds brought||forward|||499,768||2,600,000|3,099,768|1,221,315|
|TOTAL FUNDS|CARRIED|||||||||
|FORWARD|||||315,020||2,600,000|2,915,020|3,099,768|





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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|||
|FIXEDASSETS||||||
|Tangible assets||||2,600,000|2,600,000|
|Investments||||23,356|24,826|
|||||2,623,356|2,624,826|
|CURRENT ASSETS||||||
|Debtors|||9|46,542|1,944|
|Investments|||10|187,005|467,220|
|Cash at bank||||61,687|8,944|
|||||295,234|478,108|
|CREDITORS||||||
|Amounts<br>falling|due within one year|||(3,570)|(3,166)|
|NET CURRENT ASSETS||||291,664|474,942|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||||2,915,020|3,099,768|
|NET ASSETS||||2,915,020|3,099,768|
|FUNDS|||13|||
|Unrestricted<br>funds:||||||
|General<br>fund||||18,132|7,196|
|Capital Fund||||23,882|25,352|
|Cyclical Maintenance||Fund||40,420|159,665|
|Extra Ordinary|Repair|Fund||45,581|100,239|
|Expansion Fund||||187,005|207,316|
|||||315,020|499,768|
|Endowment<br>funds||||2,600,000|2,600,000|
|TOTAL FUNDS||||2,915,020|3,099,768|





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|RESIDENTS MAINTENANCE<br>CONTRIBUTIONS|||
|---|---|---|
||2023|2022|
|Resident maintenance|64,934|61,620|
|INVKSTMKNT INCOME|||
||2023|2022|
|||8|
|Investment<br>income|9,233|13,886|
|Interest receivable|263||
||9,496|13,886|



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|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds|fund|funds|
|INCOME|AND ENDOWMENTS||FROM|||||
|Residents|maintenance|contributions||61,620|||61,620|
|Investment|income|||13,886|||13,886|
|Total||||75,506|||75,506|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Operating|costs|||83,487|||83,487|
|Net gains/(losses)<br>on investments||||(37,980)||1,924,414|1,886,434|
|NET INCOME/(EXPENDITURE)||||(45,961)||1,924,414|1,878,453|





|||FORTHE YEAR|FORTHE YEAR|END|ED 31MARC|H 2023|H 2023||
|---|---|---|---|---|---|---|---|---|
||COMPARATIVES|FORTHE STATEMENT||OF|FINANCIAL|ACTIVITIES -continued|||
|||||Unrestricted||Restricted|Endowment|Total|
||||||funds<br>I|funds|fund<br>I|funds|
||RECONCILIATION<br>OF FUNDS||||||||
||Total funds brought|forward|||545,729||675,586|1,221,315|
||TOTAL FUNDS CARRIED FORWARD||||499,768||2,600,000|3,099,768|
|7.|TANGIBLE FIXEDASSETS||||||||
|||||||||Freehold|
|||||||||properly<br>I|
||COST OR VALUATION||||||||
||At 1 April 2022 and|31|March 2023|||||2,600,000|
||NET BOOK VALUE||||||||
||At 31 March 2023|||||||2,600,000|
||At 31 March 2022|||||||2,600,000|
||Cost or valuation<br>at|31March 2023 is represented||by:|||||
|||||||||Freehold|
|||||||||property|
||Valuation<br>in 2022|||||||1,924,414|
||Cost|||||||675,586|
|||||||||2,600,000|
||The I'reehold properties||were valued by the trustees at||market value at 31 March 2023.||||
|8.|FIXEDASSETINVESTMKNTS||||||||
|||||||||Unlisted|
|||||||||investments|
||MARKET VALUE||||||||
||At 1 April 2022|||||||24,826|
||Revaluations|||||||(1,470)|
||At 31March 2023|||||||23,356|
||NET BOOK VALUE||||||||
||At 31 March 2023|||||||23,356|
||At 31 March 2022|||||||24,826|
||There were no investment||assets outside the UK.||||||





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|8.|FIXEDASSETI|FIXEDASSETI|NVESTMENTS - continued|NVESTMENTS - continued||||||
|---|---|---|---|---|---|---|---|---|---|
||Cost or valuation||at 31March 2023 is represented||by:|||||
||||||||||Unlisted|
||||||||||investments|
||Valuation<br>in 2020||||||||115|
||Valuation<br>in 2021||||||||(369)|
||Valuation<br>in 2022||||||||(1,902)|
||Valuation<br>in 2023||||||||(1,470)|
||Cost||||||||26,982|
||||||||||23,356|
|9.|DEBTORS:AMOUNTS FALLING DUK|||WITHIN||ONE YEAR||||
|||||||||2023|2022|
||Debtors and prepayments|||||||46,542|1,944|
|10.|CURRENT ASSETINVKSTMKNTS|||||||||
|||||||||oo23|2022|
||||||||||I|
|||||Purchase|||Units|Market|Market|
||Cyclical Maintenance<br>Fund||||||||159,665|
||Extra Ordinary|Repairs Fund|||||||100,239|
||Expansion Fund|||206,983|||158,802|187,005|207,316|
|||||206,983|||158,802|187,005|467,220|
|11.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR||||||||
|||||||||2023|2022|
||Sundry creditors|||||||3,570|3,166|
|12.|ANALYSIS OF NKT ASSETSBETWEEN FUNDS|||||||||
|||||||||2023|2022|
||||Unrestricted||Restricted||Endowment|Total|Total|
||||funds|||funds|fund|funds|funds|
||Fixed assets||||||2,600,000|2,600,000|2,600,000|
||Investments||23,356|||||23,356|24,826|
||Current assets||295,234|||||295,234|478,108|
||Current liabilities||(3,570)|||||(3,570)|(3,166)|
||||315,020||||2,600,000|2,915,020|3,099,768|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.4.22|in funds|31.3.23|
|Unrestricted<br>funds|||||
|General<br>fund<br>Capital Fund<br>Cyclical Maintenance<br>Extra Ordinary<br>Repair <br>Expansion<br>Fund|Fund<br> Fund|7,196<br>25,352<br>159,665<br>100,239<br>207,316|10,936<br>(1,470)<br>(119,245)<br>(54,658)<br>(20,311)|18,132<br>23,882<br>40,420<br>45,581<br>187,005|
|Endowment<br>funds||499,768|(184,748)|315,020|
|Endowment<br>Fund||2,600,000||2,600,000|
|TOTAL FUNDS||3,099,768|(184,748)|2,915,020|



||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||c||f|
|Unrestricted<br>funds|||||||
|General fund<br>Capital Fund<br>Cyclical Maintenance<br>Extra Ordinary<br>Repair <br>Expansion<br>Fund|Fund<br> Fund||74,430|(63,494)<br>(109,652)<br>(49,148)<br>(8,000)|(1,470)<br>(9,593)<br>(5,510)<br>(12,311)|10,936<br>(1,470)<br>(119,245)<br>(54,658)<br>(20,311)|
||||74,430|(230,294)|(28,884)|(184,748)|
|TOTAL FUNDS|||74,430|(230,294)|(28,884)|(184,748)|
|Comparatives<br>for movement||in funds|||||
|||||Net|Transfers||
||||At ].4.21|movement<br>in funds|between<br>funds|At<br>31.3.22|
||||||f||
|Unrestricted<br>tunds|||||||
|General<br>fund<br>Capital Fund<br>Cyclical Maintenance<br>Fund<br>Extra Ordinary<br>Repair Fund<br>Grant Redemption<br>Fund<br>Expansion Fund|||15,177<br>27,254<br>171,968<br>107,989<br>223,341|42,266<br>(1,902)<br>(62,550)<br>(7,750)<br>(16,025)|(50,247)<br>50,247<br>(207,316)<br>207,316|7,196<br>25,352<br>159,665<br>100,239<br>207,316|
|Endowment<br>funds|||545,729|(45,961)||499,768|
|Endowment<br>Fund|||675,586|1,924,414||2,600,000|
|TOTAL FUNDS|||1,221,315|1,878,453||3,099,768|





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|||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|Unrestricted|funds|||||||
|General fund||||75,506|(33,240)||42,266|
|Capital Fund||||||(1,902)|(1,902)|
|Cyclical Maintenance|||Fund||(50,247)|(12,303)|(62,550)|
|Extra Ordinary<br>Repair|||Fund|||(7,750)|(7,750)|
|Grant Redemption||Fund||||(16,025)|(16,025)|
|||||75,506|(83,487)|(37,980)|(45,961)|
|Endowment|funds|||||||
|Endowment|Fund|||||1,924,414|1,924,414|
|TOTAL FUNDS||||75,506|(83,487)|1,886,434|1,878,453|



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||F|OR THE YEAR ENDED 31MAR|CH 2023||
|---|---|---|---|---|
||||2023|2022|
|INCOME AND ENDOWMENTS|||||
|Residents maintenance|contributions||||
|Resident maintenance|||64,934|61,620|
|Investment<br>income|||||
|Investment<br>income|||9,233|13,886|
|Interest receivable|||263||
||||9,496|13,886|
|Total incoming<br>resources|||74,430|75,506|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Rates and water|||2,125||
|Insurance|||3,071|2,786|
|Sundry expenses|||117|204|
|Management<br>fees|||15,600|7,200|
|Unidial charges|||1,830|1,830|
|Stair lift maintenance|||1,721|2,840|
|Service charges|||1,905|4,006|
|National<br>association ofalmshouses|||198|203|
|Ombudsman|||55|52|
|Repairs and maintenance|||1,930|1,783|
|Room hire|||74|212|
|Repairs - Electrical works|||552|1,463|
|Repairs<br>—Fire protection|||497|505|
|Repairs<br>—Gas Fires||||828|
|Repairs - Water|||4,555|2,343|
|Refurbishment|||192,476|50,247|
|Independent<br>examiner's|fee||1,512|1,440|
|Clerk's expenses|||1,224|2,322|
|Accountancy<br>and administration|||780|851|
|Professional<br>fees|||72|2,372|
||||230,294|83,487|
|Total resources expended|||230,294|83,487|
|Net expenditure<br>before|gains and losses||(155,864)|(7,981)|
|Realised and unrealised|recognised|gains and losses|||
|Surplus/deficit<br>on investments|||(28,884)|(37,980)|
|Unrealised<br>surplus/deficit|on fixed assets|||1,924,414|
|Net (expenditure)/income|||(184,748)|1,878,453|