|||Page| |---|---|---| |Trust Information||| |Report ofthe Trustees||| |Report ofthe Independent
Auditors||| |Statement ofComprehensive
Income||12| |Statement ofFinancial Position||13| |Statement ofChanges
in Equity||14| |Statement ofCash Flows||15| |Notes to the Statement ofCash Flows||16| |Notes to the Financial
Statements||17| |Detailed Income and Expenditure|Account|26| |TRUSTEES:|RGladwell|(Chair —resigned January 2022)|(Chair —resigned January 2022)|(Chair —resigned January 2022)| |---|---|---|---|---| ||W Woolicy|||| ||P Painter (Chair from|||Januaty 2022)| ||JWallace|||| ||LMilner|||| ||A Pritchard|||| ||A Ridgers|||| ||N Botley|||| ||BHayre Singh|||| ||C Stone (appointed||December 2022)|| |SECRETARY:|EL Pannell|||| |TREASURER:|SOrme FCCA|||| |REGISTERED OFFICE:|The Lodge|||| ||StThomas's|Almshouses||| ||Old Road West|||| ||Gravesend|||| ||DA11 7LA|||| |REGISTERED NUMBER:|A3969|||| |CHARITY NUMBER:|210365|||| |AUDITORS:|Beak Kemmenoe|||| ||Chartered Accountants|||| ||&Statutory|Auditors||| ||1-3Manor Road|||| ||Chatham|||| ||Kent|||| ||MFA 6AE|||| ||National Westminster|||Pic| ||30King Street|||| ||Gravesend|||| ||DA12 2XX|||| |LEGAL REPRESENTATIVE:|Third Sector|Law||| |HUMAN RESOURCES||||| |ADVISOR:|Populo HR|||| |PROPERTY CONSULTANT:|PSW Building|||| ||Consultancy|||| ## ## ## ## ## ## ## ## ## ## ## ## |5.
Headline
|Soci|al|Housing Cos|t K||||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||Total Social Housing Units|||||| |ManrNment
costs||||178,724|Managed|at period end||60||| |Service charg: costs||||21,561||||||| |Repairs
/h maintenance
costs||||62,805||||||| |Other (social housing|letting)||costs|||||||A/B| |||||263,090 A||||60|B|84,385| |6.
Operating|Margin %|||||||||| |a) Social Housing letting|||||b) Overall|||||| |Operating
surplus/(deficit)||from social||||||||| |housing
lettings||||77,190 A|Operatingsurplus/(deficit)||overall|(36,48)|A|| |Turnover
from social|housing||lettings|254,851 B|Turnover|(overall)||365,492|B|| |||||3029% A/B||||-996%|A/B|| |7.
Retmn on|Capital Employed|||||||||| |Operating
surplus/(deficit)||overall||(36,48)|Total assets less current||liabilities|8,675,019||| |||||||||||A/B| |||||(36,48) A||||8,675,019|B|-0.42%| ## ## ## ## ## ## ## ## ## ## ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Notes||||| |TURNOVER|||||365,492||319,112| |Administrative
expenses|||||(402,679)||(433,903)| |Otheroperating
income|||||778||365| |OPERATING SURPLUS/(DEFICIT)|||||(36,409)||(114,426)| |Income 0om feed asset investments||||20407||193)32|| |Interest receivable
and similar income||||3,450||7,107|| ||||||23,957||26,939| |RETAINED (DEFICfl) / SURPLUS FORTHEYEAR|||||(12,452)||(87,48/)| |Unrealised
movement
ofrevaiuation|ofinvestments||||(4435)||236470| |Unrealised
movement
ofrevaluation|ofproperties||||0||| |TOTAL COMPREHENSIVE INCOME FORTHE
YEAR|||||~16,788||1483)83| |NOTEOFHISTORICAL COSTSURPLUSES AND DEFICITS|||||||| |Retained
surplus
forthe year|||||(12,452)||(87,487)| |Difference between a historical cost depreciation||charge|and the||||| |actual depreciation
charge for the year calculated||on the|||||| |revalued
amount|||||||| ||||||(I2/152)||(87,487)| |||Statement ofFinancial Position|Statement ofFinancial Position|||| |---|---|---|---|---|---|---| |||31st December 2022||||| ||||2022||2021|| |||Notes||||| |RXED ASS EIS||||||| |Tangible assets||||5)859,621||5,902,164| |Investments||||2&179,144||2,183,479| |||||8,038,765||8,085,643| |CURRENT ASS EIS||||||| |Debtors||8|34,132||38,985|| |Cash at bank|||680461||5873)27|| ||||714,493||626')12|| |CREDITORS||||||| |Amounts
falling due within one year||9|(78438)||(20,647)|| |NEI' CURRENT ASSEFS||||636455||606,165| |TOTAL ASSEfSLESS|CURRENT|LIABILITIES||6.676,619||9,6916166| |IBSERVES||||||| |Revaluation
reserve||||4412,414||4816,772| |Other reserve||||2,955||500,474| |Designated
reserve||||3,859,650||954,506| |Income and expenditure|account|||300,000||2,720,056| |||||8,675,019||8,691,808| ## ## |||Retained|Retui uation|Other|Designated|Total| |---|---|---|---|---|---|---| |||earnings|resene|resenes|resene|equity| |Balaace|at 1stJanuary 2021|2,807,543|4,280,908|499,968|954,506|8,542,925| |Surplus|&om statement of|||||| |comprehensive
income||148,883||||148,883| |Increase|in property
valuation|0||||0| |Increase|in market value of|||||| |investments
transfer||(236,370)|235,864|506||| |Interest|arising
in the year transfer|0|0|0||| |Transfer|&omprior periods|0|0|0||| |Transfer|from income and|||||| |expenditure
account||||||| |Balance|at31stDecember 2021|2,720,056|4,516,772|500,474|954,506|8,691,808| |Surplus|from statement of|||||| |comprehensive
income||(16,788)||||(16,788)| |Increase|in property
valuation|0||||0| |Increase|in market value of|||||| |investments
transfer||4,335|(4,358)|23||(0)| |Interest|arising
in the year transfer|0|0|0||0| |Transfer|from prior periods|0|0|0||0| |Transfer|from income and|||||| |expenditure
account||(2,407,603)||(497,542)|2,905,145|| |Balance|at31stDecember 2022|300,000|4812,414|2,955|3JI59,651|8,675,020| ## |||||2022|2021| |---|---|---|---|---|---| ||||Notes||f| |Cash Ilows from operating|activities||||| |Cash generated
fromoperations||||151,028|6454| |Net cash from operating
activities||||151,028|6454| |Cash Ilows from investing|activities||||| |Purchase oftangible
fixed|assets|||(82,451)|(93480)| |Purchase offixed asset investments||||0|0| |Interest received||||3,450|7,106| |Dividends
received||||20407|19,832| |Net cash from investing
activities||||(58,494)|(66,442)| |lacrease in cash and cash|equivalents|||92434|(60,088)| |Cash and cash equivalents|at beginniag|ofyear||587,827|647,915| |Cash and cash equivalents|at ead ofyear|||680461|587,827| ## |||2022|2021| |---|---|---|---| |Surplus before tamtion||(16,788)|148,883| |Depreciation
charges||124,994|149,972| |Gain on revaluation offcied assets||4435|(236470)| |Finance income||(23,957)|(26,939)| |||885184|35,546| |Decrease/(increase)|in trade and other debtors|43153|193| |(Decrease)/increase|in trade and other creditors|57 8191|(29485)| |Cash ge aerated from operations||151,528|5554| ## ## |Year ended 31stDecember|2022|||| |---|---|---|---|---| ||||31.12.22|1.1.22| |||||f| |Cash and cash equivalents|||680461|5872127| |Year ended 31stDecember|2021|||| ||||31.12.21|1.1.21| |||||f| |Cash and cash equivalents|||587,827|647,915| |ANALYSIS OFCHANGFS|IN NET FUNDS|||| |||AtI.I22|Cash flow|At31.1222| |||||f| |Net cash||||| |Cash at bank||587,827|92 8134|680461| |Total||587,827|928734|680461| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Number ofunits|maaaged|by|| |---|---|---|---|---|---|---|---|---| ||||||RegisteredSocisl|Landlordst||| ||||||31December|1|January|| ||||||2022|||2022| |Social Housing
units —almshouses|||||60|||| |Other rental|properties|-non-social|housing||9|||| |Other rental|properties|—commercial|||1|||| ||||||70|||70| ||||Maiateaance|Other Rental|2022|2021||| ||||Charges|Income|Total|Total||| |||||||8||| |Gross rents|||265,200|119,905|385,105||378,474|| |Rent losses|from voids||(10,140)|0|(10,140)||(12,759)|| |Rent losses|fiom bad debts||0|0|0|||0| |Management|charges||(209)|(9,264)|(9,473)||(46,603)|| |Total income fiom lettings|||254,851|110,641|365,492||319,112|| ||||||2022|2021||| |||||||8||| |Wages and|salaries||||164,478||77,021|| ## ## ## ## ||The operating
deficit is stated after charging:|The operating
deficit is stated after charging:||||| |---|---|---|---|---|---|---| |||||2022||2021| ||Depreciation
-owned assets||||124,994|149,972| |6.|TANGIBLE FIXEDASSETS|||||| |||Social Housing|Freehold|Plant|and|| |||Properties|Property|machinery||Totals| |||8||0||| ||COSTOR VALUATION|||||| ||At 1st January
2022|3428,655|2443,675||10406|6,082dt36| ||Additions|82,451|0||0|82,451| ||Revaluation|||||0| ||Disposals|(22,774)||||(22,774)| ||At 31stDecember 2022|3488431|2443,675||10406|6,142412| ||DEPRECIATION|||||| ||At 1st January
2022|75,488|94,678||10,506|180,672| ||Charge foryear|70405|35,702||0|105,907| ||Revaluation|||||0| ||Eliminated
on disposal|(3,688)||||(3,688)| ||At 31st December 2022|142,005|130480||10,506|282,892| ||NEI' BOOKVALUE|||||| ||At 31stDecember 2022|3,446426|2,413495||0|5459,621| ||At 31stDecember 2021|3,453,167|2,448,997||0|5,902,164| ## ## ||Housing|Freehold||| |---|---|---|---|---| ||Properties|Property|Total|Total| ||2022|2022|2022|2021| ||||8|8| |Amount ofrevaluation|(720414)|2,149,681|1,429,467|1,429,467| |Historic cost|4 308 546|393,994|4.702 540|4 642 863| ||3,588,331|2,543.675|6, 132006|6,072,330| |FIXEDASSET INVESTMENTS||||| |||||Other| |||||investments| |COST OR VALUATION||||| |At 1st January 2022||||2,183,479| |Additions
Revaluations||||0
~4,335| |At 31stDecember 2022||||2,179,144| |NET BOOK VALUE||||| |At 31stDecember 2022||||2.179 144| |At 31stDecember 2021||||2 183479| |Historical cost information||||| |The historical cost ofinvestments|held at valuation|is as follows:||| ||||2022|2021| |Historical cost|||773,023|773,023| ## ## |DEB|TORS:AMOUNTS
FAL|LING DUK WITHIN ONK YEAR|||| |---|---|---|---|---|---| ||||2022|2021|| |Trade|debtors|off|2,613||29,529| |Other|debtors||31,520||9,456| ||||34,132||38,985| ## |CRKDIIORS: AMOU|NIS
FALLING DUK WITHIN ON|E YEAR||| |---|---|---|---|---| |||2022|2021|| |Other creditors||39,453||12,826| |Accruals and deferred|income|38,785||7,821| |||78438||20,647| ## |RESERVES||||||| |---|---|---|---|---|---|---| ||Income and|||||| ||expenditure|Revaluation|Other|Designated||| ||account|resene|reserses|resene|Totals|| ||||f||f.|| |At 1st January
2022|2,720,056|4,516,772|500,474|954,506|8,691,808|| |Surplus
forthe year|(16,788)|0|0|0|(16,788)|| |Market value ofinvestment|4,335|(4,358)|24|0||I| |Valuation ofproperties|0|0|0|0||0| |Interest received transfer|0|0|0|0||0| |Transfers
&om prior periods|0|0|0|0||0| |Reserves transfer|(2,407,603)|0|(497,542)|2,905,145||0| |At 31stDecember 2022|300,000|4812,414|2,955|3JI59,651|8,675,021|| |Revaluation
Reserve||||||| ||||Property|investment||| ||||Resene|Reserve|Total|| |At 1st January
2022|||2,808,911|1,707,861|44\6,|772| |Increase in market value|||0|(4,358)|(4458)|| |At 31stDecember 2022|||23108,911|1,703403|4,512,414|| |Other reserves||||||| |||||Minnie||| ||||Caroline|Selina||| |||Capital|Richards|Dowsing||| |||Account|Trust|Trust|Total|| |At 1stJanuary
2022||497,258|2,931|285|500,474|| |Increase in market value|||24|(I)||24| |Reserves Trans fer||(497,258)|0|(284)|(497,542)|| |At 31stDecember 2022||0|2,955|0|2,956|| ## |Designated
Re|serves|||||| |---|---|---|---|---|---|---| ||||||Emergeacy|| |||Public|Extraordinary|Cyclical|k Cyclical|| |||Benefit|Repair|Maintenaace|Maiatenance|Total| |At 1st January|2022|0|354,396|571,034|29,076|954,506| |Reserves Transfer||3,609,650|(104,396)|(571,034)|(29,076)|2,905,144| |At 31stDecember 2022||3,609,650|250,000|0|0|3859,650| ## ||||2022|2021| |---|---|---|---|---| |||||6| |Contracted|but not provided|for in the||| |financial statements||||| ## ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| |Turnmer|||||||||| |Rents receivable||||||110,641||103,693|| |Residents
weekly||contributions||||2543151||215,4]9|| ||||||||365,492||319,112| |Other income|||||||||| |Sundry receipts||||||778||366|| |Listed investment||income||||20407||19,832|| |Deposit account interest||||||3,450||7,107|| ||||||||24,735||27405| ||||||||390427||346,417| |Expenditure|||||||||| |Insurance||||||9,622||9,719|| |Utilities||||||10,577||9427|| |StaffCosts||||||164,658||77403|| |Telephone||||||2,884||1,877|| |Repairand
maintenance||||||68,425||175,525|| |Administration|expenses|||||8,433||3,658|| |Legal and professional|||fees|||9,701||33127|| |Accountancy
&Auditors'||||remuneration||2,640||2,640|| |Depreciation oftangible|||fixed assets:||||||| |Housing
property||||||89492||87,950|| |Other &eehold|property|||||35,702||61410|| |Plant and machinery||||||0||511|| ||||||||401,934||433,747| ||||||||(11,706)||(87429)| |I|nance costs|||||||||| |Bank charges|||||||746||156| ||||||||(12,452)||(87,486)| |Gain/(loss)
on revaluation||||ofassets|||||| |(Loss)/ gain on|revaluation|||ofinvestments||(4435)||236470|| |Gain on revaluation||ofinvestment|||property|0||0|| ||||||||(4435)||236870| |NEf SURPLUS|||||||(16,788)||148,884|