## ## ## ## ## ## |||||Page| |---|---|---|---|---| ||Charity
Information|||| ||Report of|the Board ofTrustees||2-5| ||Reporting|Accountants
report||| ||Statement|of comprehensive|income|| ||Statement|of changes
in reserves||| ||Statement|of financial
position||| ||Statement|ofcash flows||10| |10|Notes to the financial statements|||11-20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Measuring
value for money||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Under the "Value for Money Standard 2018"|||||issued||by the Regulator,
additional|||measures|required|to be reported|annually|by the| |Charity are:||||||||||||||| |Matrix||||||||2023||2022||||| |Reinvestment
'/0||||||||0'/0||0'/o||||| |New Supply Delivered
(Social Housing||Units)|||'/0|||0'/0||0'/0||||| |New Supply Delivered
(Non-Social|Housing|||Units)|||'/0|0'/0||0'/0||||| |Gearing
'/0||||||||N/A||N/A||||| |EBITDA MRI Interest Cover
'/0||||||||N/A||N/A||||| |Headline
Social Housing
Cost Per|Unit||||||L'|6,616.00|5 5,620.87|||||| |Operating
Margin (social housing|lettings||only)|||'/0||-28'/0||-56'/0||||| |Operating
Margin
(overall)
'/0||||||||280/0||-56'/0||||| |Return
on Capital Employed
(RODE) '/0||||||||-1'/0||-2'/0||||| ## ## ## ## ## ## ## ## ## ## ||||||2022| |---|---|---|---|---|---| ||||Notes||| |Turnover||||166,388|128,719| |Operating
Costs|||3|(213,165)|(201,266}| |Operating
Surplus|Ideficit|||(46,7?6)|(?2,547)| |interest receivable|and similar|income||4,589|3,470| |Surplus I (deficit} on ordinary||activities before|taxation|(42,188)|(69,077)| |Tax on surplus
on|ordinary
activities||||| |Surplus i (deficit)|for the year|||(42,188)|(69,077)| |Other Comprehensive
income|||||| |Revaluation|||14|6,023|(5,054)| |Total Comprehensive
income for the year||||(36,165)|(74,131)| ## ## ## ## ||AS AT30JUNE|2023|| |---|---|---|---| ||Notes|2023|2022| |||F|F| |Tangible fixed assets|||| |Tangible
fixed assets||2,798,372|2,822,050| |Investments||177,881|171,859| |||2,976,254|2,993,909| |Current Assets|||| |Debtors||42,648|27,465| |Cash and cash equivalents||48,242|76,762| |||90,890|'104,226| |Less: Creditors|||| |Amounts
falling due within one year|12|(15,993)|(10,821)| |Net current assets I (liabilities)||74,896|93,405| |Total assets less current liabilities||3,051,150|3,087,314| |Reserves|||| |Revenue Reserve||979,417|1,021,605| |Designated
Reserves|13|78,769|78,769| |Restricted Reserve|14|1,992,963|1,986,940| |Total Reserves||3,051,150|3,087,314| ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |||||Note|F|E| |Cash inflow from operations||||15|36,039|2,709| |Corporation
tax paid||||||| |Net cash inflow from operating
activities|||||36,039|2,709| |Cash flow from investing|activities|||||| |Purchase
offixed assets|||||(69,148)|(43,600)| |Interest received|||||4,589|3,470| |Transfer from investment||||||| |Net cash inflow from
/ (used||in) investing|activities||(64,559)|(40,130)| |Net increase
in cash and|cash equivalents||||(28,520)|(37,421)| |Cash and cash equivalents|at|the beginning|ofthe year||76,761|114,182| |Cash and cash equivalents||at the end of|the year||48,241|76,761| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2023| |---|---|---|---|---|---|---|---|---| |||||||Operating|Operating|surplus| ||||||Turnover|costs||I(deficit)| |||||||||f.| |Income and|Expenditure||from Lettings||166,388|(203,896)||(37,507)| |Management|services|||||(9,269)||(9,269)| ||||||166,388|(213,164)||(46,776)| |||||||||2022| |||||||Operating|Net surplus|| ||||||Turnover|costs||I(deficit)| ||||||f.|F||| |Income and|Expenditure||from Lettings||128,719|(192,276)||(63,557)| |Management|services|||||(8,990)||(8,990)| ||||||128,719|(201,266)||(72,547)| |Turnover from||Lettings||||2023||2022| |Rents receivable||net of|identifiable|service|charges|(134,816)||(124,281)| |Service charge||income||||(37,355)||(24,917)| |||||||(172,171)||(149,198)| |Losses from|voids|||||5,783||20,478| |Total turnover||from lettings||||(166,388)||(128,719)| |Operating
Costs from|||Lettings|||2023||2022| |||||||f.||| |Housing
accommodation||||||||| |Management||||||83,304||77,575| |Routine maintenance||||||25,047||30,589| |Depreciation|of|housing|properties|||92,826||88,093| |Decrease
in|bad debt provision|||||2,720||(3,980)| |Total operating||costs from lettings||||203,896||192,276| ## ## |2023|2022| |---|---| |E|E| ## ||2023|2022| |---|---|---| ||E|E| |Other|4,589|3,470| ||4,589|3,470| ||||SURPLUS ON ORDINARY|ACTIVITIES BEFORE TAX| |---|---|---|---|---| ||||2023|2022| |Is stated after|charging|I||| |(crediting):||||| |Depreciation|of housing|||| |properties|||92,826|88,093| |Depreciation|of other tangible|||| |fixed assets||||| |Auditors'
remuneration||||| |(including
VAT):||||| |for their audit|ofthe financial|||| |statements||||| ## ## ## ## ## ||Housing|Security|Motor|| |---|---|---|---|---| ||properties|lighting|vehicles|Total| |||E||| |Valuation
/ Cost||||| |At 1 July 2022|3,002,194|3,990|9,780|3,015,964| |- Additions|69,148|||69,148| |—Disposals||||| |—Revaluation||||| |At 30June 2023|3,071,341|3,990|9,780|3,085,111| |Accumulated||||| |depreciation||||| |At 1 July 2022|180,144|3,990|9,780|193,914| |Write
off
Structure||||| |Depreciation||||| |Charge for the year|92,826|||92,826| |At 30June 2023|272,969|3,990|9,780|286,739| |Net book value||||| |At 30June 2023|2,798,372|||2,798,373| |At 30 June 2022|2,822,051|||2,822,052| |Net Book Value before|depreciation
and excl. valuation|||| ||||2023|2022| |Net Book Value|||830,718|865,469| |10|INVESTMENTS||||||| |---|---|---|---|---|---|---|---| ||Listed investment||||||| ||Valuation
as at|1 July 2022|||||171,859| ||Revaluation||||||6,023| ||Transfer to current account||||||| ||At 30June 2023||||||177,881| ||Analysis
of investments|||||2023|2022| |||||||E|E| ||Investment
fund|portfolio||||157,881|171,859| ||Total charity|||||157,881|171,859| ||All investments|are held|in the UK.||||| ||The historical cost ofthe investments||||is f55,059.||| |11|DEBTORS||||||| |||||||2023|2022| |||||||E|E| ||Rent and service charge||arrears|||18,517|5,639| ||Less: provision|for bad debts||||(3,665)|(1,141)| |||||||14,852|4,498| ||Other debtors|||||27,796|22,966| |||||||42,648|27,465| |12|CREDITORS: amounts||falling|due|within one year||| |||||||2023|2022| |||||||E|E| ||Prepaid
rent|||||9,876|5,879| ||Other creditors|and accruals||||6,118|4,942| |||||||15,994|10,822| |13|DESIGNATED|RESERVES|||||| |||||At1 July||Utilised|At 30June| ||||||2022|in the year|2023| ||Cyclical maintenance||||56,655||56,655| ||Emergency
repairs||||15,761||15,761| ||Furniture
and white goods||||3,829||3,829| ||Enhancement||||2,524||2,524| ||||||78,769||78,769| |14|REVALUATION
RESERVES|REVALUATION
RESERVES|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||Investment||Total| |||||||||Property|f||in the year
E||| ||At 1 July 2022|||||||1,870,139|||116,801||1,986,940| ||Revalution
Surplus/(Loss)|in the|year||||||||6,023||6,023| ||Accumulated
Depreciation|W/off|||||||||||| ||At 30June 2023|||||||1,870,139|||122,824||1,992,963| |15|NOTE TO THE STATEMENT OF CASH FLOWS||||||||||||| |||||||||||2023||2022|| |||||||||||E||E|| ||Surplus
/ (deficit) for the|financial||year||||||(42,188)||(69,077)|| ||Taxation for the year||||||||||||| ||Surplus
/ (deficit) for the|financial||year before|||taxation|||(42,188)||(69,077)|| |||||||||||(4,589)||(3,470)|| ||Operating
surplus
/ (deficit)|||||||||(46,776)||(72,547)|| ||Depreciation|||||||||92,826||88,093|| ||(Increase)
/ decrease
in debtors|||||||||(15,184)||(9,810)|| ||(Decrease)
/ increase
in creditors|||||||||5,173||(3,027)|| ||Net cash inflow from operating||activities|||||||36,039||2,709|| |16|CAPITAL COMMITMENTS||||||||||||| |||||||||||2023||2022|| |||||||||||E||E|| ||Expenditure
that has been|contracted|||for but has||not||||||| ||been provided
for in the financial||statements||||||||||| ||Expenditure
that
has
been||authorised|||by|the||||||| ||Committee
of Management
but||has||not yet been||||||||| ||contracted
for||||||||||||| ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||Capital|Development||Grant||649,000|649,000| |18|UNITS|AND BEDSPACES|||IN MANAGEMENT||| |||||||2023|2022| |||||||Number|Number| ||Units|in management||and|owned||| ||Elderly|and learning|difficulty||units|27|27| ||Total Owned|||||27|27|