## 

## 

|Trustees|Mrs<br>K Hancox|||||
|---|---|---|---|---|---|
||Reverend<br>D Millest|||(Appointed|9September|
|||||2022)||
||Dr F Levack|||(Appointed|28September|
|||||2023)||
||Councilor<br>M Winder|||(Appointed|28September|
|||||2023)||
|Charity number|212270|||||
|Principal address|Lanes End House|||||
||15Prince Albert||Street|||
||Brighton|||||
||East Sussex|||||
||BN1 1HY|||||
|Accountants|Mr N Coker FCCA|||||
||c/o Price & Company|||||
||30-32 Gildredge||Road|||
||Eastbourne|||||
||East Sussex|||||
||BN21 4SH|||||
|Bankers|Co-Operative|Bank pic||||
||Delf House|||||
||Southway|||||
||Skelmersdale|||||
||Lancashire|||||
||WN8 6WT|||||
|Solicitors|Coole Bevis LLP|||||
||Lanes End House|||||
||15 Prince Albert||Street|||
||Brighton|||||
||East Sussex|||||
||BN1 1HY|||||





## 

## 

|||||Page|
|---|---|---|---|---|
|Trustees'<br>report||||1-3|
|Accountants'|report||||
|Statement<br>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<br>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<br>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<br>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<br>housing:|||||||||||
||—social rent|||||||||12|12|
||Total owned|||||||||12||
||Future planned||accommodation|||in development||at the year end||||
|6|Operating<br>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<br>expenses|||||23||23|23|
|Legal and professional||fees|||4,800|2,400|7,200|9,313|
|National<br>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<br>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<br>of income and|Particulars<br>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<br>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<br>expenditure|on|social housing|lettings|||8|72,605|72,605|60,384|
||Operating<br>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<br>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|





## 

##