| Trustees | Mr A Barr | ||||||
|---|---|---|---|---|---|---|---|
| Dr MH Porter | |||||||
| Dr AH Taylor | |||||||
| Mrs SGreenwood | |||||||
| Mr AM Davidson | (resigned 9 | February 2022) | |||||
| Mr ED Chantler | MBE | ||||||
| Mr JF Barr | |||||||
| Mr MR Ballard | |||||||
| Ms H Thorneloe | |||||||
| Rev DrJ Huggins | |||||||
| Mr P Jarvis | |||||||
| Mrs J Gent (appointed | 9 February 2022) | ||||||
| Mr WH Alexander | (appointed | 9 February 2022) | |||||
| Registered | number | 211272 | |||||
| Principal address | The Homestead | ||||||
| Grafty Green | |||||||
| Maidstone | |||||||
| Kent | |||||||
| ME17 2AP | |||||||
| Accountants | MHA | ||||||
| Chartered Accountants |
|||||||
| Victoria Court | |||||||
| 17-21 Ashford | Road | ||||||
| Maidstone | |||||||
| Kent | |||||||
| ME14 5DA | |||||||
| RSH registration | number | A4001 | |||||
| Treasurer | Mr WJ Collins FCCA | ||||||
| Clerk | Mrs KCostain |
| Page | ||
|---|---|---|
| Report ofthe Trustees | ||
| Accountants' Report |
||
| Statement ofComprehensive | Income | |
| Balance Sheet | 6-7 | |
| Statement ofCash Flows | ||
| Analysis of Net Debt | ||
| Notes to the Financial Statements | 10-18 | |
| Detailed Statement of Financial Activities | 19-21 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | F | |||||
| Maintenance contributions and heating charges |
132,552 | 127,614 | ||||
| Investment income |
686 | 623 | ||||
| Gross income | 133,238 | 128,237 | ||||
| Operating expenses |
(112,313) | (105,881) | ||||
| Operating surplus |
20,925 | 22,356 | ||||
| Interest payable and similar |
expenses | (917) | ||||
| Surplus for the financial year | 20,008 | 22,356 | ||||
| Other comprehensive | income for the year | |||||
| Gains/(losses) on revaluation |
of investments | (68) | 14,193 | |||
| Other comprehensive | income for the year | (68) | 14,193 | |||
| Total comprehensive | income for the year | 36 549 | ||||
| All income and expenditure | has arisen from continuing | activities. |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | F | |||||
| Fixed assets | ||||||
| Tangible assets | 838,969 | 630,610 | ||||
| Investments | 59,644 | 109,715 | ||||
| 898,613 | 740,325 | |||||
| Current assets | ||||||
| Debtors: amounts | falling due within one year | 9 | 18,352 | 13,268 | ||
| Current asset investments | 10 | 16,678 | 17,214 | |||
| Cash at bank and | in hand | 85,072 | 83,963 | |||
| 120,102 | 114,445 | |||||
| Creditors: amounts | falling due within one | |||||
| year | (32,018) | (18,228) | ||||
| Net current assets | 88,084 | 96,217 | ||||
| Total assets less | current liabilities | 986,697 | 836,542 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 12 | (130,217) | ||||
| Net assets | 836 542 | |||||
| Capital and reserves | ||||||
| Unrestricted funds |
14 | 856,480 | 836,542 | |||
| 666 542 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| F | ||||||
| Cash flows from operating | activities | |||||
| Surplus for the financial year | 20,008 | 22,356 | ||||
| Adjustments for: |
||||||
| Depreciation oftangible assets |
26,089 | 24,918 | ||||
| Interest paid |
(917) | |||||
| Interest received | (686) | (623) | ||||
| (Increase) in debtors |
(5,086) | (415) | ||||
| Increase/(decrease) in creditors |
4,432 | (300) | ||||
| Net cash generated from |
operating | activities | 45,674 | 45,936 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed |
assets | (234,448) | (32,058) | |||
| Sale of unlisted and other |
investments | 50,539 | ||||
| Interest received | 25 | |||||
| Dividends received |
661 | 623 | ||||
| Net cash from investing | activities | (183,223) | (31,435) | |||
| Cash flows from financing | activities | |||||
| New secured loans | 60,000 | |||||
| Repayment of loans |
(425) | |||||
| Other new loans | 80,000 | |||||
| Interest paid |
(917) | |||||
| Net cash used in financing | activities | 138,658 | ||||
| Net increase in cash and |
cash equivalents | 1,109 | 14,501 | |||
| Cash and cash equivalents | at beginning | ofyear | 83,963 | 69,462 | ||
| Cash and cash equivalents | at the end | ofyear | ~~}Z2. | 83963 | ||
| Cash and cash equivalents | at the end | ofyear comprise: | ||||
| Cash at bank and in hand |
85,072 | 83,963 | ||||
| ~69633 | 83963 |
| At | 1 | At 31 | ||||
|---|---|---|---|---|---|---|
| January | December | |||||
| 2022 | Cash flows | 2022 | ||||
| f. | E | E | ||||
| Cash | at bank and | in hand | 83,963 | 1,109 | 85,072 | |
| Debt | due after 1 year | (130,217) | (130,217) | |||
| Debt | due within 1 |
year | (9,358) | (9,358) |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Dividends | received | 661 | 623 |
| interest receivable | 25 | ||
| 623 |
| The operating surplus is stated after charging: |
||
|---|---|---|
| 2022 | 2021 | |
| F | ||
| Honoraria | 18,860 | 18,543 |
| Depreciation | 24 918 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| F | ||||
| Turnover comprises: | ||||
| Maintenance | contributions | 120,072 | 115,384 | |
| Heating charges | 12,480 | 12,230 | ||
| ~i' | 127614 | |||
| Losses arising | from voids amounted | to E1,527 (2021:F2,226). |
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| f. | f. | E | |
| Cost or valuation | |||
| At 1 January 2022 | 1,197,165 | 2,440 | 1,199,605 |
| Additions | 234,448 | 234,448 | |
| At 31 December 2022 | 1,431,613 | 2,440 | 1,434,053 |
| Depreciation | |||
| At 1 January 2022 | 566,555 | 2,440 | 568,995 |
| Charge for the year on owned assets | 26,089 | 26,089 | |
| At 31 December 2022 | 592,644 | 2,440 | 595,084 |
| Net book value | |||
| At 31 December 2022 | ~N+969. | ~SQK | |
| At 31 December 2021 | 630610 | 630610 |
| Shares | |||
|---|---|---|---|
| Cost or valuation | ofaccumulation | shares | |
| At 1 January 2022 | 109,715 | ||
| Disposals | (50,539) | ||
| Revaluations | 468 | ||
| At 31 December 2022 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| F | |||||
| Maintenance | contribution | and heating charges arrears | 3,687 | 2,535 | |
| Maintenance | contribution | accrued income | 12,581 | 10,733 | |
| Insurance | claim | 2,084 | |||
| ~~i2 | 13268 |
| Current | asset investments | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Income | shares | 16,678 ~l |
17,214 1Xa&O |
| Creditors: Amounts |
falling due within one year | ||
|---|---|---|---|
| 2022 | 2021 | ||
| F | |||
| Bank loans | 1,358 | ||
| Other loans | 8,000 | ||
| Other creditors | 14,362 | 10,819 | |
| Accruals and deferred | income | 8,298 | 7,409 |
| 18228 |
| Credi | tors: Amounts falling due after more th |
an one year | |
|---|---|---|---|
| 2022 | 2021 | ||
| E | F | ||
| Bank | loans | 58,217 | |
| Other | loans | 72,000 |
| 2022 | 2021 | |
|---|---|---|
| E | F | |
| Amounts falling due within one year |
||
| Bank loans | 1,358 | |
| Other loans | 8,000 | |
| 9,358 | ||
| Amounts falling due 1-2years |
||
| Bank loans | 1,426 | |
| Other loans | 8,000 | |
| 9,426 | ||
| Amounts falling due 2-5years |
||
| Bank loans | 5,033 | |
| Other loans | 24,000 | |
| 29,033 | ||
| Amounts falling due after more than 5years |
||
| Bank loans | 51,758 | |
| Other loans | 40,000 | |
| 91,758 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement in |
between | ||||
| At 1/1/22 | funds | funds | At 31/12/22 | ||
| f. | f. | F | F | ||
| Unrestricted | funds | ||||
| General fund |
726,827 | 19,470 | 50,539 | 796,836 | |
| Extraordinary | repair fund | 109,715 | 468 | (50,539) | 59,644 |
| 836 542 | ~QUES | 856480 |
| Incoming | Resources | Gains and | Movements | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| F | F | ||||||
| Unrestricted | funds | ||||||
| General | fund | 133,238 | (113,230) | (536) | 19,470 | ||
| Extraordinary | repair | fund | 468 | 468 | |||
| ~~BL~~~~68 | 19938 |
| Compara | tives | for movements in funds: |
|||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | in | between | |||||
| At 1/1/21 | funds | funds | At 31/12/21 | ||||
| F | F | ||||||
| Unrestricted | funds | ||||||
| General | fund | 703,049 | 23,778 | 726,827 | |||
| Extraordinary | repair fund | 96,944 | 12,771 | 109,715 | |||
| 799993 | 36 | 549 | 836 542 | ||||
| Total funds |
| Compara | tive | net mo | vements in funds |
included in the above a |
re as follows: | ||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movements | ||||
| resources | expended | losses | in funds | ||||
| F | F | ||||||
| Unrestricted | funds | ||||||
| General | fund | 128,237 | (105,881) | 1,422 | 23,778 | ||
| Extraordinary | repair | fund | 12,771 | 12,771 | |||
| 128237 | ~105881 | 14 193 | 36 549 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Maintenance contributions |
and heating charges | 132,552 | 127,614 |
| Investment income |
686 | 623 | |
| Total incoming resources |
'~}8 | 128237 | |
| Less: overheads | |||
| Operating expenditure |
(112,313) | (105,881) | |
| Operating surplus |
20,925 | 22,356 | |
| Interest payable | (917) | ||
| Net income for the year | ~}J}98 | 22 356 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| F | |||||||
| Income | |||||||
| Maintenance contributions |
and heating charges | 132,552 | 127,614 | ||||
| 127614 | |||||||
| 2022 | 2021 | ||||||
| Cost ofsales | |||||||
| Dividends | 661 | 623 | |||||
| Interest | 25 | ||||||
| 623 | |||||||
| 2022 | 2021 | ||||||
| E | F | ||||||
| Administration | expenses | ||||||
| Printing and stationery |
289 | 275 | |||||
| NAA subscription | 120 | 56 | |||||
| Accountancy fees |
1,900 | 1,770 | |||||
| Bank charges | 104 | 86 | |||||
| Sundry expenses | 294 | 1,293 | |||||
| Water and sewerage | 6,066 | 5,376 | |||||
| Electricity | 1,868 | 1,681 | |||||
| Gas | 7,927 | 10,359 | |||||
| Insurances | 3,564 | 3,387 | |||||
| Depreciation | 26,089 | 24,918 | |||||
| Monitoring lifelines |
663 | 666 | |||||
| 23 High Street - | running | costs | 519 | 2,862 | |||
| Day to day maintenance | 15,863 | 16,715 | |||||
| Cyclical and major | maintenance | 24,677 | 14,744 | ||||
| Insurance claim |
received | against repair costs | (3,745) | ||||
| Christmas alms |
3,190 | 2,555 | |||||
| Honoraria | 18,860 | 18,543 | |||||
| Home and Communities | Agency subscription | 300 | 300 | ||||
| Housing ombudsman |
subscription | 309 | 295 | ||||
| 400th anniversary | expenses | 2,918 | |||||
| Loss on sale of investments | 538 | ||||||
| 105881 |
| 2022 | 2021 | |
|---|---|---|
| E | F | |
| Interest payable | ||
| Loan interest payable | 917 |