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2022-12-31-accounts
| Trustees |
Mrs
K Hancox |
|
|
|
|
|
Reverend
D Millest |
|
|
(Appointed |
9September |
|
|
|
|
2022) |
|
|
Dr F Levack |
|
|
(Appointed |
28September |
|
|
|
|
2023) |
|
|
Councilor
M Winder |
|
|
(Appointed |
28September |
|
|
|
|
2023) |
|
| Charity number |
212270 |
|
|
|
|
| Principal address |
Lanes End House |
|
|
|
|
|
15Prince Albert |
|
Street |
|
|
|
Brighton |
|
|
|
|
|
East Sussex |
|
|
|
|
|
BN1 1HY |
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|
|
|
| Accountants |
Mr N Coker FCCA |
|
|
|
|
|
c/o Price & Company |
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|
|
|
|
30-32 Gildredge |
|
Road |
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|
Eastbourne |
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|
East Sussex |
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|
|
|
|
BN21 4SH |
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|
|
|
| Bankers |
Co-Operative |
Bank pic |
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|
|
|
Delf House |
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|
|
|
Southway |
|
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|
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|
Skelmersdale |
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|
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|
Lancashire |
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|
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|
WN8 6WT |
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|
|
| Solicitors |
Coole Bevis LLP |
|
|
|
|
|
Lanes End House |
|
|
|
|
|
15 Prince Albert |
|
Street |
|
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|
Brighton |
|
|
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|
|
East Sussex |
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|
BN1 1HY |
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Page |
Trustees'
report |
|
|
|
1-3 |
| Accountants' |
report |
|
|
|
Statement
of |
comprehensive |
|
income |
|
| Statement of |
changes |
in reserves |
|
|
| Ba Iance shect |
|
|
|
|
| Notes to the accounts |
|
|
|
8-23 |
|
|
|
|
2022 |
2021 |
|
|
|
Notes |
|
|
| Turnover |
|
|
|
102,228 |
102,252 |
| Operating |
expenditure |
|
|
(72,605) |
(60,384) |
| Operating |
surplus/ |
(deficit) |
6 |
29,623 |
41,868 |
Interest
receivable |
|
|
3 |
928 |
879 |
| Movement |
in fair value of investments |
|
10 |
(16,552) |
31,654 |
| Total comprehensive |
|
income for the year |
|
13,999 |
74,401 |
|
|
Income and |
Endowment |
Endowment |
Total |
|
|
expenditure |
fund |
fund general |
|
|
|
reserve |
designated |
|
|
|
|
E |
f |
E |
|
| At 1January 2020 |
|
103,104 |
129,796 |
2,408,729 |
2,641,629 |
| Total comprehensive |
income for the year |
42,747 |
20,371 |
11,283 |
74,401 |
Revaluation
in year |
|
|
|
390,000 |
390,000 |
| At 31December 2021 |
|
145,851 |
150,167 |
2,810,012 |
3,106,030 |
| Total comprehensive |
income for the year |
30,551 |
(12,335) |
(4,217) |
13,999 |
| At 31December 2022 |
|
176,402 |
137,832 |
2,805,795 |
3,120,029 |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
Notes |
|
f |
| Fixed assets |
|
|
|
|
|
|
|
| Tangible assets |
|
|
|
|
13 |
2,725,000 |
2,725,000 |
| Investments |
|
|
|
|
11 |
213,190 |
229,741 |
|
|
|
|
|
|
2,938,190 |
2,954,741 |
| Current assets |
|
|
|
|
|
|
|
| Debtors |
|
|
|
|
14 |
3,781 |
3,247 |
| Cash at bank |
|
and in |
|
hand |
|
183,975 |
155,164 |
|
|
|
|
|
|
187,756 |
158,411 |
| Creditors: amounts |
|
|
|
falling due within |
|
|
|
| one year |
|
|
|
|
|
(5,917) |
(7,122) |
| Net current |
assets |
|
|
|
|
181,839 |
151,289 |
| Total assets |
|
less current liabilities |
|
|
|
3,120,029 |
3,106,030 |
| Capital funds |
|
|
|
|
|
|
|
| Endowment |
|
funds |
— |
eneral |
|
|
|
| General endowment |
|
|
|
funds |
|
103,605 |
107,822 |
| Revaluation |
|
reserve |
|
|
|
2,702,190 |
2,702,190 |
|
|
|
|
|
16 |
2,805,795 |
2,810,012 |
| Income funds |
|
|
|
|
|
|
|
| Highlighted |
fund |
|
|
|
|
137,832 |
150,167 |
| Unrestricted |
|
funds |
|
|
|
176,402 |
145,851 |
|
|
|
|
|
|
3,120,029 |
3,106,030 |
|
|
|
Unrestricted |
Unrestricted |
|
|
|
funds |
funds |
|
|
|
2022 |
2021 |
|
|
|
f |
f |
| Income |
from listed investments |
|
9 |
4 |
| Income |
from unlisted |
investments |
911 |
859 |
| Interest |
receivable |
|
8 |
16 |
|
|
|
928 |
879 |
|
|
|
|
|
2022 |
2022 |
|
|
|
Note |
Turnover |
Cost of |
Operating |
Operating |
|
|
|
|
|
sales |
expenditure |
surplus/(d |
|
|
|
|
|
|
|
|
eficit) |
|
|
|
|
f |
|
f |
f |
| Social housing |
lettings |
|
102,228 |
|
(72,605) |
|
29,623 |
| Other social housing activities |
|
|
|
|
|
|
|
| Other |
|
|
|
|
|
|
|
|
|
|
102,228 |
|
(72,605) |
|
29,623 |
| Activities other |
than social housing |
|
|
|
|
|
|
|
|
|
102,228 |
|
(72,605) |
|
29,623 |
| Social housing |
lettings |
lettings |
| Other social housing |
|
activities |
| Other |
|
|
| Activities other |
than |
social housing |
|
|
|
2021 |
|
| Note |
Turnover |
Cost of |
Operating
Operating |
|
|
|
sales |
expendituresurplus/(d |
|
|
|
|
|
eficit) |
|
|
f |
f |
f |
|
102,252 |
|
(60,384) |
41,868 |
|
102,252 |
|
(60,384) |
41,868 |
|
102,252 |
|
(60,384) |
41,868 |
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
|
|
|
|
No of |
No of |
|
|
|
|
|
|
|
|
|
|
properties |
properties |
|
Social housing |
|
|
|
|
|
|
|
|
|
|
|
General
housing: |
|
|
|
|
|
|
|
|
|
|
|
—social rent |
|
|
|
|
|
|
|
|
12 |
12 |
|
Total owned |
|
|
|
|
|
|
|
|
12 |
|
|
Future planned |
|
accommodation |
|
|
in development |
|
at the year end |
|
|
|
| 6 |
Operating
surplus/(deficit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
|
|
|
|
f |
f |
|
The operating |
|
surplus/ |
(deficit) is arrived at |
|
|
after |
charging/ |
(crediting): |
|
|
|
Accountants |
remuneration |
|
|
for independent |
|
examination |
|
|
3,000 |
3,000 |
|
|
|
|
|
Housing |
Charitable |
Total |
Total |
|
|
|
|
|
management |
administration |
2022 |
2021 |
|
|
|
|
|
costs |
costs |
|
|
| Management |
fees |
|
|
|
9,324 |
|
9,324 |
9,077 |
| Rates and water |
|
|
|
|
3,194 |
|
3,194 |
2,800 |
| Insurance |
|
|
|
|
1,460 |
|
1,460 |
897 |
| Electricity |
|
|
|
|
728 |
|
728 |
479 |
| Gas |
|
|
|
|
3,775 |
|
3,775 |
5,021 |
| Repairs and |
maintenance |
|
|
|
37,985 |
|
37,985 |
15,717 |
| Garden expenses |
|
|
|
|
2,905 |
|
2,905 |
4,255 |
| Maintenance |
and survey |
|
report and inspection |
|
|
|
|
|
| fees |
|
|
|
|
1,226 |
|
1,226 |
9,094 |
Television
expenses |
|
|
|
|
23 |
|
23 |
23 |
| Legal and professional |
|
fees |
|
|
4,800 |
2,400 |
7,200 |
9,313 |
National
Association |
|
of Almhouses |
|
subscription |
282 |
|
282 |
276 |
| Sundry expenses |
|
|
|
|
1,503 |
|
1,503 |
432 |
| Independent |
examination |
|
fee |
|
2,095 |
905 |
3,000 |
3,000 |
|
|
|
|
|
69,300 |
3,305 |
72,605 |
60,384 |
|
|
|
|
|
69,300 |
3,305 |
72,605 |
60,384 |
Analysis
by |
fund |
|
|
|
|
|
|
|
| Unrestricted |
funds |
|
|
|
69,300 |
3,305 |
72,605 |
|
|
|
|
|
|
69,300 |
3,305 |
72,605 |
|
| For the year |
ended 31December 2021 |
|
|
|
|
|
|
|
| Unrestricted |
funds |
|
|
|
57,153 |
3,231 |
|
60,384 |
|
|
|
|
|
57,153 |
3,231 |
|
60,384 |
| 9 |
Particulars
of income and |
Particulars
of income and |
expenditure |
from |
social housing |
lettings |
|
|
|
|
|
|
|
|
|
|
|
Note |
Rental |
2022 |
2021 |
|
|
|
|
|
|
|
|
income |
|
|
|
Rent and other charges receivable |
|
|
|
|
|
|
102,228 |
102,228 |
102,252 |
|
Administrative
expenses |
|
|
|
|
|
|
|
|
|
|
Management |
|
|
|
|
|
|
18,481 |
18,481 |
18,274 |
|
Routine maintenance |
|
|
|
|
|
|
42,116 |
42,116 |
29,066 |
|
Other costs |
|
|
|
|
|
|
12,008 |
12,008 |
13,044 |
|
Operating
expenditure |
on |
social housing |
lettings |
|
|
8 |
72,605 |
72,605 |
60,384 |
|
Operating
surplus/(deficit) |
|
on social housing |
|
lettings |
|
|
29,623 |
29,623 |
41,868 |
|
Void losses |
|
|
|
|
|
|
|
|
|
|
|
Endowment |
Endowment |
Total |
Endowment |
Endowment |
Total |
|
|
funds |
funds |
|
funds |
funds |
|
|
|
designated |
general |
|
designated |
general |
|
|
|
2022 |
2022 |
2022 |
2021 |
2021 |
2021 |
|
|
f |
f |
f |
f |
|
f |
| Revaluation |
of |
|
|
|
|
|
|
| investments |
|
(12,335) |
(4,217) |
(16,552) |
20,371 |
11,283 |
31,654 |
|
Unlisted |
|
investments |
| Cost or valuation |
|
| At 1January 2022 &31December 2022 |
229,741 |
| Carrying amount |
|
| At 31December 2022 |
229,741 |
| At 31December 2021 |
229,741 |
| 13 |
Tangible fixed assets |
|
|
|
Social housing properties |
|
|
for letting |
|
|
f |
|
Cost or valuation |
|
|
At 1January 2022 |
2,725,000 |
|
At 31December 2022 |
2,725,000 |
|
Carrying amount |
|
|
At 31December 2022 |
2,725,000 |
|
At 31December 2021 |
2,725,000 |
| 14 |
Debtors |
|
|
|
|
|
|
|
|
2022 |
2021 |
|
Amounts |
falling due within one year: |
|
f |
f |
|
Rent and |
service charges receivable |
|
1,452 |
1,051 |
|
Prepayments |
|
and accrued income |
2,329 |
2,196 |
|
|
|
|
3,781 |
3,247 |
|
|
|
2022 |
2021 |
|
|
|
f |
f |
| Rent and service charges received |
|
in advance |
1,684 |
1,241 |
| Accruals and deferred |
income |
|
4,233 |
5,881 |
|
|
|
5,917 |
7,122 |
|
|
|
|
Movement |
in funds |
|
|
|
|
|
Balance at |
Incoming |
Resources |
Transfers |
Revaluation |
|
Balance at |
|
|
1January |
resources |
expended |
|
gains/(losse |
31 |
December |
|
|
2022 |
|
|
|
s) |
|
2022 |
| Expendable |
endowments |
|
|
|
|
|
|
|
| Fund CapitalAccount |
|
2,810,012 |
|
|
|
(4,217) |
|
2,805,795 |
|
|
2,810,012 |
|
|
|
(4,217) |
|
2,805,795 |
|
|
|
|
Balance at |
Investments |
|
Balance at |
|
|
|
|
1January |
gains/(losse |
31 |
December |
|
|
|
|
2022 |
s) |
|
2022 |
| Extraordinary |
Repair and Improvement |
|
Fund |
137,607 |
(12,335) |
|
125,272 |
| Cyclical Repairs and Maintenance |
|
Fund |
|
12,560 |
|
|
12,560 |
|
|
|
|
150,167 |
(12,335) |
|
137,832 |
| Analysis of |
net assets between
funds |
|
|
|
|
|
|
|
|
|
|
Unrestricted |
Designated |
Endowment |
Total |
Unrestricted |
Designated |
Endowment |
Total |
|
|
funds |
funds |
funds |
|
funds |
funds |
funds |
|
|
|
2022 |
2022 |
2022 |
2022 |
2021 |
2021 |
2021 |
2021 |
|
|
f |
f |
f |
f |
f |
f |
f |
f |
| Fund balances at 31December 2022 are |
|
|
|
|
|
|
|
|
|
| represented |
by: |
|
|
|
|
|
|
|
|
| Tangible assets |
|
|
|
2,725,000 |
2,725,000 |
|
|
2,725,000 |
2,725,000 |
| Investments |
|
|
132,395 |
80,795 |
213,190 |
|
144,729 |
85,012 |
229,741 |
| Current assets/(liabilities) |
|
176,402 |
5,437 |
|
181,839 |
145,851 |
5,438 |
|
151,289 |
|
|
176,402 |
137,832 |
2,805,795 |
3,120,029 |
145,851 |
150,167 |
2,810,012 |
3,106,030 |