2022-12-31-accounts

	Page
Report o f the Trustees	1 to 6
Independent Examiner's Report	7
Statement o f Financial Activities	8
Balance Sheet	9
Notes to the Financial Statements	10 to 16
Detailed Income and Expenditure Account	17

					31.12.22	31.12.21
		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds	funds	funds
	Notes	£	£	£	£	£
Income and endowment from:
Donations and legacies	2	20	500		520
Charitable activities	4	87,828			87,828	84,643
Grant amortisation		−		11,225	11,225	11,225
Investment income	3	190	5,572		5,762	4,360
Total income		88,038	6,072	11,225	105,335	100,228
Expenditure on:
Charitable activities
− Provision for social	5	36,211	27,356		63,567	37,581
living
− Depreciation		2,615		26,727	29,342	42,557
Total expenditure		38,826	27,356	26,727	92,909	80,138
Net (losses)/gains on			(4,388)		(4,388)	13,084
investments
Net income/(expenditure)
before transfers		49,212	(25,672)	(15,502)	8,038	33,174
Transfers between funds		(27,549)	10,000	17,549
NET MOVEMENT IN
FUNDS		21,663	(15,672)	2,047	8,038	33,174
RECONCILATION OF
FUNDS:
Total funds brought forward		160,331	199,652	91,257	451,240	418,066
TOTAL FUNDS CARRIED
FORWARD		181,994	183,980	93,304	459,278	451,240

						31.12.22	31.12.21
		Unrestricted	Designated	Restricted		Total	Total
		funds	funds	funds		funds	funds
	Notes	£	£	£		£	£
FIXED ASSETS
Tangible assets	8	30,087		183,248		213,335	240,727
Investments	9		151,043			151,043	149,859
		30,087	151,043	183,248		364,378	390,586
CURRENT ASSETS
Debtors	10	2,743				2,743	1,752
Cash at bank and in hand		153,414	32,937			186,351	180,359
		156,157	32,937			189,094	182,111
CREDITORS
Amount falling due within one
year	11	(4,250)		(29,073)		(33,323)	(31,725)
NET CURRENT ASSETS /		151,907	32,937	(29,073)		155,771	150,386
(LIABILITIES)
TOTAL ASSETS LESS
CURRENT LIABILITIES		181,994	183,980	154,175		520,149	540,972
CREDITORS
Amounts falling due after more
than one year	12			(60,871)		(60,871)	(89,732)
NET ASSETS		1817994	183,980	93,304		459,278	451,240
FUNDS	15&
	16
Unrestricted funds						181,994	160,331
Designated funds						183,980	199,652
Restricted funds						93,304	91,257
TOTAL FUNDS						459,278	451,240
he financial statements were approved and		authorised for issue by the Board o f Trustees on			( 0	and	were

Roof	40 years
Bathrooms	30 years
Doors and Windows	15 years
Heating	20 years
Kitchens	20 years
Lifts	20 years

		31.12.22	31.12.21
Donations and gifts		520
INVESTMENT INCOME
		31.12.22	31.12.21
Income from investments		5,572	4,360
Deposit account interest		190
		5,762	4,360
INCOME FROM CHARITABLE ACTIVITIES
		31.12.22	31.12.21
	Activity
Contributions from residents	Provision o f social housing	87,828	84,643
**CHARITABLE ACTIVITIES **	COSTS
		31.12.22	31.12.21
Staff costs		10,837	12,536
Direct costs		49,183	21,203
Administrative costs			715
Independent Examiner's fees		2,336	2,225
Loan interest		1,211	902
		63,567	37,581

			Fixtures,
		Freehold	fittings &
		Property	equipment	Total
COST
At 1 January 2022		964,996	3,413	968,409
Additions		1.950		1.950
•At 31 December 2022		966.946	3.413	970.359
DEPRECIATION
At 1 January 2022		725,946	1,736	727,682
Depreciation for the year		28.444	898	29.342
At 31 December 2022		754.390	2.634	757.024
NET BOOK VALUE	'
At 31 December 2022		212,556	779	213,335
At 31 December 2021		239,050	1,667	240,727

At 1 January 2022	149,859
Net income	5,572
Unrealised loss	(4,388)
At 31 December 2022	151,043

DEBTORS
	31.12.22	31.12.21
Residents' fees due	2,662	1,603
Prepayments	81	149
	2,743	1,752

11.	CREDITORS: AMOUNTS FALLING DUE WITHIN O	NE YEAR
		31.12.22	31.12.21
	Deferred government grants (Note 14)	11,225	11,225
	Bank loans	17,848	18,162
	Other creditors and accruals	4,250	2,338
		33,323	31,725
12.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		31.12.22	31.12.21
	Deferred government grants (Note 14)	32,886	44,111
	Bank loans	27,985	45,621
		60,871	89,732
13.	BANK LOANS
		31.12.22	31.12.21
	Due within one year	17,848	18,162
	Due within 2 −5 years	27,985	45,621
		45,833	63,783

GOVERNMENT GRANTS
	31.12.22	31.12.21
Deferred:
Due within one year (Note 11)	11,225	11,225
Due after one year (Note 12)	32,886	44,111
	44,111	55,336
Amortised to date	190,825	179,600
Total government grants received	234,936	234,936

					Designated	Restricted	Restricted
			Designated				Repairs &
	General		Repairs		Charity	Renovation	Maintenance	Total
	Fund		Fund		Donations	Fund	Fund	Funds
					Fund
	£		£		£	£	£	£
Year ended 31.12.2021:
Funds at 01.01.2021	143,938		172,208			101,520	400	418,066
Income	84,643		4 ,360			11,225		100,228
Expenditure	(40,078)					(40,060)		(80,138)
Net unrealised gain on
investments			13,084					13,084
Transfer between funds	(28,172)		10,000			18,172
Funds at 31.12.2021	160,331		199,652			90,857	400	451,240
Year ended 31.12.2022:
Income	88,038		6,072		−	11,225		105,335
Expenditure	(38,826)		(17,756)		(9,600)	(26,727)		(92,909)
Net unrealised loss on
investments			(4,388)					(4,388)
Transfer between funds	(27,549)				10,000	17,549
Funds at 31.12.2022	181,994		183,580		400	92,904	400	459,278
		,		,

					31.12.21		31.12.20
		Unrestricted	Designated	Restricted	Total		Total
		funds	funds	funds	funds		funds
	Notes	£	£	£	£		£
Income and endowment from:
Donations and legacies	2						2,000
Charitable activities	4	84,643			84,643		81,879
Grant amortisation				11,225	11,225		11,225
Investment income	3		4,360		4,360		5,322
Total income		84,643	4,360	11,225	100,228		100,426
Expenditure on:
Charitable activities
− Provision for social	5	37,581			37,581		30,231
living
− Depreciation		2,497		40,060	42,557		42,052
Total expenditure		40,078		40,060	80,138		72,283
Net gains/(losses) on			13,084		13,084		(9,672)
investments
Net income/(expenditure)
before transfers		44,565	17,444	(28,835)	33,174		18,471
Transfers between funds		(28,172)	10,000	18,172
NET MOVEMENT IN
FUNDS		16,393	27,444	(10,663)	33,174		18,471
RECONCILATION OF
FUNDS:
Total funds brought forward		143,938	172,208	101,920	418,066		399,595
TOTAL FUNDS CARRIED
FORWARD		160,331	199,652	91,257_	451,240		418,066
						_

	31.12.22	31.12.21
INCOME
Voluntary income
Donations	520
Investment income
Deposit account interest	190
Income from investments	5,572	4,360
Incoming resources from charitable activities
Contributions from residents	87,828	84,643
Total income	94,110	89,003
EXPENDITURE
Charitable activities
Wages	10,837	12,536
Water rates	2,852	2,604
Insurance	1,311	1,205
Light and heat	1,534	669
Telephone	1,325	1,124
Sundries	−	−
Maintenance	27,544	10,732
Alarm system	3,347	3,347
Subscriptions	800	616
Christmas meal and gifts for residents	700	700
Co−op Loan interest	1,211	902
Bank charges	170	156
Professional fees		715
Independent examiners fee	2,336	2,225
Donation	9,600	50
	63,567	37,581
Depreciation (net o f grant amortisation)	18,117	31,332
Total expenditure	81,684	68,913
Unrealised (losses)/gains on investments	(4,388)	13,084
Net income	8,038	33,174