This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-12-31-accounts
|
Note |
|
|
|
|
|
|
|
Unrestricted
General
Designated |
|
Restricted |
Total
2022 |
Total
2021 |
| INCOME & ENDOWMENTS FROM |
|
|
|
|
|
|
| Charitable activities |
3 |
105,130 |
|
|
105,130 |
99,630 |
| Investment income |
4 |
3,538 |
|
|
3,538 |
2,748 |
| TOTAL INCOME |
|
108,668 |
|
|
108,668 |
102,378 |
| EXPENDITURE ON: |
|
|
|
|
|
|
| Charitable activities |
6,7 |
117,857 |
|
|
117,857 |
106,831 |
| TOTAL EXPENDITURE |
|
117,857 |
|
|
117,857 |
106,831 |
| (Losses)/Net gains on investments |
|
|
|
(5,029) |
(5,029) |
9,227 |
(EXPENDITURE)/NET INCOME BEFORE
TRANSFERS |
|
(9,189) |
|
(5,029) |
(14,218) |
4,774 |
| Transfers Between Funds |
14 |
4,187 |
5,000 |
(9,187) |
|
|
| (EXPENDITURE)/NET INCOME AFTER |
|
|
|
|
|
|
| TRANSFERS BETWEEN FUNDS |
|
(5,002) |
5,000 |
(14,216) |
(14,218) |
4,774 |
| RECONCILIATION O F FUNDS: |
13 |
|
|
|
|
|
| FUNDS BROUGHT FORWARD |
|
68,804 |
139,380 |
454,589 |
662,773 |
657,999 |
| FUNDS CARRIED FORWARD |
|
63,802 |
144,380 |
440,373 |
648,555 |
662,773 |
|
|
2022 |
|
2021 |
|
|
Notes |
|
|
|
|
| FIXED ASSETS |
|
|
|
|
|
| Housing and other property |
10 |
|
512,553 |
|
468,333 |
| Investments |
8 |
|
103,775 |
|
106,383 |
|
|
|
616,328 |
|
574,716 |
| CURRENT ASSETS: |
|
|
|
|
|
| Debtors and prepayments |
11 |
4,585 |
|
6,631 |
|
| Cash at bank and in hand |
|
122,828 |
|
93,677 |
|
|
|
127,413 |
|
100,308 |
|
| CREDITORS: Amounts falling |
|
|
|
|
|
| due within one year |
12 |
(95,186) |
|
(12.251) |
|
| NET CURRENT ASSETS: |
|
|
32,227 |
|
88,057 |
| TOTAL ASSETS LESS LIABILITIES: |
|
|
648,555 |
|
662,773 |
| RESERVES: |
13 |
|
|
|
|
| Unrestricted:− |
|
|
|
|
|
| Income and expenditure account (General |
fund) |
|
63,802 |
|
68,804 |
| Designated reserves |
|
|
144,380 |
|
139,380 |
| Restricted:− |
|
|
|
|
|
| Endowment fund |
|
|
205,993 |
|
205,993 |
| Social Housing Grant fund |
|
|
202,113 |
|
211,300 |
| Revaluation reserve |
|
|
32,267 |
|
37,296 |
|
|
|
648,555 |
|
662,773 |
|
2022 |
2021 |
| (Expenditure)/net income for the reporting period (as per the statement |
|
|
| o f fmancial activities) |
(14,218) |
4,774 |
| Adjustments for: |
|
|
| Depreciation charges |
30,379 |
27,352 |
| Interest received |
(155) |
(8) |
| Dividends received |
(3,383) |
(2,740) |
| (Gains)/losses on investments |
5,029 |
(9,227) |
| (Increase) in debtors |
(2,054) |
(2,492) |
| Increase/(decrease) in creditors |
87,035 |
(1,651) |
| Loss on disposal o f fixed assets |
6,964 |
|
| Net Cash provided/(used in) by operation activities |
109,597 |
16,008 |
| STATEMENT OF CASH FLOWS |
|
|
|
2022 |
2021 |
| Cash flows from operating activities: |
|
|
| Cash generated from operations (See above) |
109,597 |
16,008 |
| Cash flows from investing activities: |
|
|
| Interest received |
155 |
8 |
| Dividends received |
3,383 |
2,740 |
| Dividends reinvested |
(2,421) |
(1,810) |
| Purchase of tangible fixed assets |
(81,563) |
(12,565) |
| Net cash provided by investing |
|
|
| activities |
80,446 |
(11,627) |
| Change in cash and cash equivalents in the |
|
|
| Reporting period |
29,151 |
4,381 |
| Cash and cash equivalents at the beginning of |
|
|
| the reporting period |
93,677 |
89,296 |
| Cash and cash equivalents at the end of the |
|
|
| reporting period |
122,828 |
93,677 |
| Freehold Property |
20 years |
| Building |
50 years |
| Warden Call system |
20 years |
| Mains water conversion |
20 years |
| Kitchens & Bathrooms |
20 years |
| Communal lounge furniture |
10 years |
| Fire Alarm system |
20 years |
| Communal areas radiators |
20 years |
| Electric heating (all flats) |
20 years |
| Kitchen Flat |
20 years |
| Windows |
30 years |
|
Unrestricted
General
Designated |
Unrestricted
General
Designated |
Restricted |
Total 2021 |
| INCOME & ENDOWMENTS FROM: |
£ |
£ |
£ |
£ |
| Charitable activities |
99,630 |
|
|
99,630 |
| Investment income |
2,748 |
− |
|
2,748 |
| TOTAL INCOME |
102,378 |
|
|
102,378 |
| EXPENDITURE ON: |
|
|
|
|
| Charitable activities |
106,831 |
|
|
106,831 |
| TOTAL EXPENDITURE |
106 831 |
|
|
106 831 |
| Net gains on investment assets |
|
|
9,227 |
9,227 |
| NET INCOME BEFORE TRANSFERS |
(4,453) |
|
9,227 |
4,774 |
| Transfers Between Funds |
(15,813) |
25,000 |
(9,187) |
|
| NET INCOME AFTER |
|
|
|
|
| TRANSFERS BETWEEN FUNDS |
(20,266) |
25,000 |
40 |
4,774 |
| NET MOVEMENT IN FUNDS |
(20,266) |
25,000 |
40 |
4,774 |
| RECONCILIATION OF FUNDS: |
|
|
|
|
| FUNDS BROUGHT FORWARD |
89,070 |
114,380 |
454,549 |
657,999 |
| FUNDS CARRIED FORWARD |
68,804 |
139,380 |
454,589 |
662,773 |
| EKLY MAINTENANCE CONTRIBUTIONS |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Gross amount receivable |
105,713 |
101,626 |
| Less: Voids |
(583) |
(1,996) |
|
105,130 |
99,630 |
| EREST RECEIVABLE AND SIMILAR INCOME |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Dividends |
3,383 |
2,740 |
| Interest received |
155 |
8 |
|
3,538 |
2,748 |
| Direct Expenditure |
2022 |
2021 |
|
£ |
£ |
| Repairs & maintenance |
18,273 |
17,083 |
| Repairs — voids |
19 |
12,126 |
| Gardening |
1,950 |
1,274 |
| Lighting & heating and water |
11,366 |
7,807 |
| Property operating costs |
3,549 |
4,168 |
| Bad debts |
5,666 |
|
| Insurance |
2,769 |
2,605 |
| Depreciation |
30,379 |
27,352 |
| Loss on disposal of fixed assets |
6,964 |
|
| Support costs (see below) |
33,622 |
31,290 |
| Governance costs (see below) |
3,300 |
3,126 |
|
117,857 |
106,831 |
| Support costs |
2022 |
2021 |
| Management Fee |
30,506 |
29,648 |
| Other expenditure |
3,116 |
1,642 |
|
33,622 |
31,290 |
| Governance costs |
2022 |
2021 |
| Independent Examiner's fees |
3,300 |
3,126 |
|
3,300 |
3,126 |
|
2022 |
2022 |
2021 |
2021 |
|
Market
Value |
Cost |
Market
Value |
Cost |
|
£ |
£ |
£ |
£ |
| Investments comprise the following: |
|
|
|
|
| 1,244 COIF Income Shares |
22,610 |
5,739 |
25,584 |
5,737 |
| COIF Deposit Fund |
11,228 |
11,228 |
11,120 |
11,120 |
| M&G Charity Asset Income Fund |
7,252 |
2,843 |
7,485 |
2,843 |
| M&G Charity Asset Accumulation Fund |
62,685 |
17,441 |
62,194 |
15,129 |
| 31 December 2022 |
103,775 |
37,251 |
106,383 |
34,829 |
|
|
|
2022 |
2021 |
| Market Value: |
|
|
|
|
| 1 January 2022 |
|
|
106,383 |
95,346 |
| Accumulated Income reinvested |
|
|
2,421 |
1,810 |
| Unrealised (losses)/gains |
|
|
(5,029) |
9,227 |
| 31 December 2022 |
|
|
103,775 |
106,383 |
|
2022 |
2021 |
| Balance brought forward |
37,296 |
28,069 |
| Unrealised gains/(losses) |
(5,029) |
9,227 |
| Balance carried forward |
32,267 |
37,296 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
Freehold |
|
|
|
|
Housing |
New Build |
Plant & |
|
|
Property |
Property |
Machinery |
Total |
| COST OR VALUATION: |
|
|
|
|
| At 1 January 2022 |
807,882 |
40,487 |
165,003 |
1,013,372 |
| Additions |
|
− |
81,563 |
81,563 |
| Disposals |
|
|
(9,788) |
(9,788) |
| At 31 December 2022 |
807,882 |
40,487 |
236,778 |
1,085,147 |
| DEPRECIATION: |
|
|
|
|
| At 1 January 2022 |
456,313 |
38,746 |
49,980 |
545,039 |
| −Charge for year |
16,156 |
1,741 |
12,482 |
30,379 |
| Eliminated on disposal |
|
|
(2,824) |
(2,824) |
| At 31 December 2022 |
472,469 |
40,487 |
59,638 |
572,594 |
| NET BOOK VALUE: |
|
|
|
|
| At 31 December 2022 |
335,413 |
|
177,140 |
512,553 |
| At 31 December 2021 |
351,569 |
|
115,023 |
468,333 |
|
2022 |
2021 |
| Weekly maintenance contributions |
7,126 |
4,967 |
| Less: Bad Debt Provision |
(4.100) |
|
| Prepayments |
1,559 |
1,664 |
|
4,585 |
6,631 |
|
2022 |
2021 |
| Weekly maintenance contributions |
|
104 |
| Trade creditors |
86,704 |
7,922 |
| Accruals |
8,482 |
4,225 |
|
95,186 |
12,251 |
|
Funds |
|
|
Gains/(losses) |
Gains/(losses) |
Transfers |
Funds |
|
balances |
|
|
on |
|
between |
balances |
|
31.12.21 |
Income |
Expenditure |
investments |
|
funds |
31.12.22 |
| General funds |
68,804 |
108,668 |
(117,857) |
|
|
4,187 |
63,802 |
| Designated ERF |
60,380 |
|
|
|
|
|
60,380 |
| Designated CMF |
79,000 |
|
|
|
|
5,000 |
84,000 |
| Endowment Fund |
205,993 |
|
|
|
|
− |
205,993 |
| Social Housing |
|
|
|
|
|
|
|
| Grant Fund |
211,300 |
|
|
|
|
(9,187) |
202,113 |
| Revaluation Reserve |
37,296 |
|
|
(5,029) |
|
− |
32,267 |
|
662,773 |
108,668 |
(110,893) |
(5,029) |
|
− |
648,555 |
|
Funds |
|
|
Gains/(losses) |
|
Transfers |
Funds |
|
balances |
|
|
on |
|
between |
balances |
|
31.12.20 |
Income |
Expenditure |
investments |
|
funds |
31.12.21 |
|
£ |
£ |
£ |
£ |
|
£ |
£ |
| General funds |
89,070 |
102,378 |
(106,831) |
|
− |
(15,813) |
68,804 |
| Designated ERF |
60,380 |
|
|
|
|
|
60,380 |
| Designated CMF |
54,000 |
|
|
|
|
25,000 |
79,000 |
| Endowment Fund |
205,993 |
|
|
|
|
− |
205,993 |
| Social Housing |
|
|
|
|
|
|
|
| Grant Fund |
220,487 |
|
|
|
− |
(9,187) |
211,300 |
| Revaluation Reserve |
28,069 |
|
|
|
9,227 |
− |
37,296 |
|
657,999 |
102,378 |
(106,831) |
|
9,227 |
− |
662,773 |
|
Fixed
assets |
Current
assets |
Current
liabilities |
Net assets |
|
£ |
£ |
£ |
£ |
| General funds |
38,172 |
131,513 |
(99,286) |
70,399 |
| Designated ERF |
60,380 |
|
|
60,380 |
| Designated CMF |
84,000 |
|
|
84,000 |
| Endowment |
205,993 |
|
|
205,993 |
| SHG Fund |
202,113 |
|
|
202,113 |
| Revaluation Reserves |
32,267 |
|
|
32,267 |
|
622,925 |
131,513 |
(99,286) |
655,152 |