2023-03-31-accounts - Brunts Charity

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Charity Registration	213407
Trustees	Co-optative Trustees
	K F Williams - Chair ofTrustees
	D Undy —Deputy			Chair ofTrustees
	M Sage
	SHiggins
	J Benson
	R Bottomley
	H Wapplington	(resigned 13April 2022)
	Representative		Trustees
	SGarner
	Cllr BLohan (died			24	December 2022)
	Cllr T Clay
	Cllr JCoxhead
	Cllr P Henshaw		(appointed			23 May 2023)
Place ofBusiness	Brunts Chambers
	2 Toothill Lane
	Mansfield
	Nottinghamshire
	NG18 1NJ
Auditor	Bamett 8Turner		Accountants				Ltd
	Chartered Accountants				and
	Statutory Auditors
	Cromwell House
	88 West Gate
	Mansfield
	Nottinghamshire
	NG18 1RR
Solicitor	Bryan &Armstrong
	The New Meeting			House
	St Peter's Court
	Station Street
	Mansfield
	Nottinghamshire
	NG18 1EF
Bankers	National Westminster				Bank	pic
	9 Church Street
	Mansfield
	Nottinghamshire
	NG18 1AF

Champion CrescentlWestfield	Champion CrescentlWestfield	40Almshouses
Samuel Close		18Almshouses
The Patchills,	off Eakring Road	50Almshouses
John Greenwood —The Patchills		6Almshouses
The Patchiiis,	off Eakring Road	25 Flats
The Patchills,	off Eakring Road	14Two bedroomed	semi-detached	bungalows

				2022
				as restated
			EOOO	5000
Turnover			582	553
Cost ofsales			(688)	(536)
Gross (deficit)/surplus			(106)	27
Administrative expenditure			(268)	(243)
Other operating income			329	325
Operating (deficit)/surplus			(45)	109
Interest receivable and	similar income
Movement in fair value	offinancial	instruments	(347)	1,003
(Deficit)/surplus on ordinary activities for the year			(386)	1,112
Total comprehensive	income for	year	(386)	1,112

		Income and	Restricted	Endowment	Total
		expenditure	reserve	reserve
		reserve
		5000	5000	KOOO	KOOO
At 1 Apdl 2021		9,087	230	5,484	14,801
Surplus forthe year (as restated)		316		790	1,112
Transfer between	funds	319		(319)
At 31 March 2022 (as restated)		9,722		5,955	15,913
(Deficit)/surplus	for the year	(530)		153	(386)
Transfer between	funds	323		(323)
At 31 March 2023		5 515	221	5155	15521

2.	Social housing	turnover	and	costs		2023	2022
							as restated
						8000	FOOO
	Rents receivable	excluding	service charges			582	563
	Social housing activity expenditure					(688)	(536)
	Operating (deficit) from social housing				activities	(106	27
	Net (deficit) from	social housing		activities		(108	27
	Void losses
3.	Accommodation	owned	and	in management		Number of	Number of
						units	units
						2023	2022
	Completed units:
	Housing for older	people				153	153


4.	Interest and other finance income	and charges		2023	2022
				8000	8000
	Interest receivable and similar income:
	Bank interest receivable
5.	Deficit on ordinary activities			2023	2022
				8000	8000
	Deficit on ordinary activities is stated	after charging/{crediting):
	Auditor's remuneration for audit services			9	8
	Auditor's remuneration for non-audit	services		8	6
	Depreciation oftangible fixed assets			151	116
	Loss/(gain) on fair value movement Loss/(gain) on fair value movement	of investment of investments	propeity	(75) 422	(355) ~646


Tangible fixed assets —housing	properties	Housing	Almshouses	Total
		properties	improvements
		for letting
		8000	8000	8000
Cost
At 1 April 2022 (as restated)		4,575	216	4,791
Additions			296	296
At 31 March 2023		4,575	512	5,087
Depreciation
At 1 Apdil 2022		2,797		2,797
Charge for the year		126		151
At 31 March 2023		2,923	25	2,948
Net book value
At 31 March 2023		1,852	487	2,139
At 31 March 2022 (as restated)		1,778	216	1,994
Cost is stated net of Social Housing	Grant.

8.	Tangible fixed assets —housing	properties (continued)	properties (continued)	properties (continued)	2023	2022
						as restated
					KOOO	K000
	The net book value of land and buildings		comprised:
	Land and buildings:
	Freehold				2,139	1,994
9.	Fixed asset investments	Investment		Listed	Other	Total
			properties	investments	investments
			KOOO	KOOO	KOOO	KOOO
	Cost or valuation
	At 1 April 2022		1,851	4,252	69	6,172
	Revaluation		75	(259)		(184)
	At 31 March 2023		1,926	3,993	89	8 988


10.Debtors		2023	2022
		KOOO	K000
Trade debtors (gross social housing	rent arrears)	40	39
Trade debtors (others)		18	29
Other debtors		18	24
		76
11.Current asset investments		2023	2022
		KOOO	KOOO
Listed investments		6,092	6,255
Short term deposits		11	11
		6,103	6,266

Reconciliation	Reconciliation	ofpresent value	ofpresent value	of plan liabilities	of plan liabilities	of plan liabilities	2023	2022
							2000	6000
At the beginning		ofthe	year				890	865
Current	service	cost					49	57
Expense							2	2
Interest	expense						19	19
Member	contributions						12	8
Actuarial	(gains)/losses		due to scheme experience				(85)	42
Actuarial	(gains)	due to	changes	in demographic		assumptions		(12)
Actuarial	(gains)	due to	changes	in financial	assumptions		(110)	(73)
Benefits	paid and expenses						(478)	(18)
At the end ofthe year							299	890

Pension commitments	Pension commitments	(continued)
Reconciliation of present		value of plan assets	2023	2022
			KOOO	KOOO
At the beginning ofthe year			755	689
Interest income			16	15
Experience (losses)/gains		on plan assets	(162)	13
Employer contributions			95	48
Member contributions			12	8
Benefits paid and expenses			(478)	(18)
At the end ofthe year			238	755
Composition of plan	assets		2023	2022
			KOOO	KOOO
Global equity				145
Absolute return				30
Distressed opportunities				27
Credit relative value				25
Alternative risk premia				25
Emerging markets debt			1	22
Risk sharing			18	25
Insurance-linked securities			6	18
Property			10	20
Infrastructure			27	54
High Yield			11	19
Private debt			10	25
Opportunistic illiquid credit			1	7
Opportunistic credit				3
Cash				3
Corporate bond fund				50
Long lease property			7	19
Secured income			11	28
Liability driven investment			110	211
Currency hedging				(3)
Net current assets				2
Total assets			238	755
Net pension scheme	liability		2023	2022
			KOOO	KOQO
Fair value of plan assets			238	755
Present value ofplan	liabilities		299	(890)
Net pension scheme	liability		537	(135)