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||**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|
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|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|
##
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##
||**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|
##
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##