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2023-12-31-accounts

Page
Trustees'Report 1-3
Independent Examiner'sReport
Stateeeiitof FinancialActivities
BalanceSheet
StatementofCashFlows
Notes totheFinancialState,ments 8-14

Chairperson Mrs[MMar,ker:z:ie
Vice Chairperson MrRGHovey
ClerktotheTrustees Mr ARoberts /MrsNClarke
Trustecs MrSHollinshead
MrsPBarnett
MrsPMinshull
MrEka
MrsPCotton
MrsA Nevitt(appointed5 JunezAX)
MrsSBroad(appointed5June2023)
Mr TWheatcroft (appointed5June2023)
MrD Robinson(resigned9July2An)
MrsPEaton (resigned5June2423|

UnrestrictedResfricted UnrestrictedResfricted UnrestrictedResfricted TotalFunds TotalFunds TotalFunds
NoteFunds Funds 2423 2fi22
gf *. g
Income
Eamedfiomcharitable activities 115,164 115,164 11A,943
Investrnent income:
OfficialcustodianforCharincoshares 373 373 3t3
Donations
Other bank interest received 253 253 38
Totalineome Lr5,7g0 11,5,79$ lLl,354
Expenditure
Costsofraisingfunds
Expenditureonclraritable activities l19,SS; Ii9,88; 112,008
Total experditure _:3-" 119"881 ."'f-:
Netincome/(experditure) (4,091) (4,091) (654)
Transfers
Transfers between funds
Netincome/(expenditure) before
gains andlosseson investments (4,091) (4,091) (6s4|
Netgai.ns/(losses)oninvestments 54,547 54,547 (44.516)
Nefmovementinfunds 54,456 50,456 {45,470)
Reconciliation of funds
Balancesbrought forwardat1lanuary2A23 l0 6 i1,100 611,100 656,574
Balances carnedforwardat3lDecember2A23I0
651,556
-		 661,556 611,100
::::

Note 2023 202?
f s f
Fixedassets
Housingproperties 4 828,018 828,018
Less:Socialhousinggrant 4 (663,256) (663,256)
Accunulateddepreciation 4 (67,653) (63,075)
Tangibleassets 4 94,502 95,743
l9l,71I 198,430
Currentassets
Debtors 3 2,258 2,355
Investments 6 498,545 440,998
Cashatbank andinhand 7 24,697 75,984
521,494 459,337
Creditors:
amountsfallingduewithinoneyear (20,783) (15,525)
Netcunentassets 500,711 443,812
Totalassets lesscurrentliabilities 692,422 642,242
Creditors:
amountsfallingdue after more than (30,866) (31,t42:)
one year
Netassets 661,556 611,100
Funds 10
Designatedreserves
Routinemaintenance 108,845 99,942
Cyclicalmaintenance 116,059 107,178
Extraordinarymainteoancefund 33,355 ?1155
'"JJJ
Otherreserves
Investmentrevaluationreserve 4M,617 390.070
hcomeand expenditure account @132a) (19,4/.5)
661,556 611,100

2423 2422
Note {, f,
Netcashgeneratedfromoperating activities 7 7,332 7,891
Cashflowfrominveeting activities
Interestanddividends 626 411
Proceedsfromsaleofinvestments
Purchaseofinvestments (3,000) (3,000)
Purchaseoffxedassets
Repaymentofborrowings (2st; (2,725;
Netchangeincashandcashequivalents 4,747 2,574
CashandcashequivalentsatIJanuary 15,984 13,410
Cashandcashequivalents at31Deeember 2A,691 15,984

Housing properties Structure 100 years
Roofs 70years
Windowsandexternal doors 30 years
Kitchens 30years
Bathrcoms 35 years
Electrics 4Ayears
Gasboilers 30years
Communalflxtures 10years
Cenffal heating 30years
Communai meetingroom Strucfure 100 years
Windowsandexternal doors 30 years
Casboiler 30 years
Kitchen 30 years
Landscapingand car parks 10years
Sheds andallotments 20years
Wardencontrolsystem i0years

Income EarnedfromCh aritableActivitieq
Unrestricted Restricted Total Total
Funds Funds 2023 2022
*. *. *, f
Rental income ll5,l64 115,154 110,943
115,t64 tl5,l64 110.943

ExpenditureonCharitable Ac tivities
Unresfricted Restricted Total Tctal
Funds Funds 2023 2022
f t G f
Wardens salary 26,956 26,956 25,486
Telephone(warden)
Warden control(intercom)		 846
2,217		 846
2,27'.7		 803
),19.
Electricity
Gardening		 1,551
7,911		 1,551
7,911		 3,492
5g1g
Waterrates 9,419 9,47q 8,660
Windowcleaner r22 122 96
CommunalTVlicense 90 90 103
Mortgage interest 3,049 3,449 3,472
Routinemaintenanc.e 9,842 9,802 9,437
Cyclicalmaintenance 18,205 18,205 18.880
Depreciation 6,"72$ 6,72{} 6,864
Suooortcosts
Sur"-eyorsrepoilsetc. 5,792 5,792 2,305
Insurances 3,181 3,181 2,8$',1
Subscriptions 994 994 qt7
Sundryexpenses 723 723 550
Fees- clerk 19,596 19,595 18,84CI
Laanatangementfees 125
Accountancyfees 2,7{\8 2,708 1,754
I19,881 I19,88i 112,008

4.Tangible FixedAssets
Landscaping
&CarSheds&		 Housing Warden
Control		 Communal
Meeting
ParksAllotmerts
f,
f.		 Properties
t		 System
*.		 Room
f,		 Total
f.
Cost
LstlannryZA23 20,3-541,153 828,018 8,987 95,373 953,885
Additions
3lstDecember2023 243s4 1,153 828,018 8,987 95,373 953,885
SocialI{ousingGrant
lstJanuary2023 (663,256) (663,256)
Additions
3lstDecembet2023 (663,256) (663,256)
Depreciation
lstlanuary2023 7,452 1,153 63"075 8,088 12,430 92,198
Additions 4,578 899 1,243 6,720
3lstDecember2023 7,452 1,153 67.653 8,987 13,673 98,918
Netbookamount
3lstDecember2023 12,902 97,L09 81,700 L91",711
lstlanuary2$23 17,902 101,687 899 82,943 198.,431
5.Debtors 2423 2922
*, f
Rent debtors 392 895
Prepayments and accrued iacome 1,722 1,460
Other debtors 144
2,258 2,355
6. Investmentq
2023 2$22
f f
Costor valuation
MarketvalueatIJanuary2023 440,998 482,814
Additionsatcost 3,000 3,000
Carryingvalueofdisposals
Netunrealised {loss)/gainonrevaluatioaofinvestments 54,547 (44,816)
Marketvalueat 31December2423 498,545 44O,q9B

Reconciliation ofNetMovementinFu{rds toNet Cash FlowfromOperqtins Ac tivities
2023 2t22
g f
Net movementinfunds 50,456 (45,474)
lnvestment income (626) (411)
Addback depreciationcharge 6,72A 6,864
Losses/(gains)oninvestments (54,547) 44,815
Decreasei(increase)indebtors
Increase/{decrease)increditars		 97
\?17		 {265)
)7\7
Netcash usedinoperating activities 7,332 7,891
AnalysisofCash and Cash Equivalents
Royal BankofScotlandcurrent account		 566 5tl
Royal BankofScotlandhighiaterestaccourt 19,L"17 14,565
CCLA- Charities depositfund 948 908
2A,691 15,984

NotestotheAccountsforthe yearended3lDecembet2823
z&23 2822
8.Creditors:Amountsfallinsduewithinonevear f, f
Mortgages-secured 276 2st
Rent receivedinadvance 5,497 4,695
Accrualsandsundrycreditors 15,010 10,579
20,783 15,525
2423 2422
9,Creditors:Amountsfallin&due afteronevear f *,
Mortgages-secured 3S,866 31,142
30,866 ,tw
Maturityof debt includedabove
Betweenone andtwoyears 303 ?76
Betweentwoandfiveyears 1,106 1,005
lnfiveyears or more 29,457 29,861
30,866 31,142
#ffi
Balanee Gains/ Balance
B/F
f,		 lncoming
tf		 Outgoing Losses
f,		 c/r'
f,
a)Routinemaintenancefund 99,942 18,705 (9,802) 108,845
b) Cyclicalmaintenancefund 107,178 27,486 (18,205) t16,059
c)Extraordiaarymaintenancefuitd 33,355 33,355
d) Investmentrevaluationreserve 390,070 54,547 444,617
e)lncomeandexpenditure account (t9,445) 69,999 {91,874) {41,320)
Total capitaland reserves 611,100115,790 (119,881)54,547 661,556
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