## ## ||||| |---|---|---|---| |Contents|||Page| |Charity
Information|||1-2| |Trustees'
Report|||3-10| |Auditor's
Report|||11-14| |Statement
of Comprehensive||Income|| |Balance Sheet|||16| |Statement
ofChanges|in Reserves||| |Notes to the Financial|Statements||16-26| |Charity Registration|Number|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|Lane|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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Note||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| ## |||||Note|2023|2022| |---|---|---|---|---|---|---| |||||||as restated| ||||||2000|6000| |Fixed assets||||||| |Tangible fixed assets|||||2,139|1,994| |Investments|||||5,988|6,172| ||||||8„127|8,166| |Current assets||||||| |Debtors||||10|76|92| |Investments||||11|6,103|B,266| |Cash at bank and|in|hand|||1,320|1,5B4| ||||||7,499|7,922| |Creditors: amounts||falling due within one year||12|(99)|(175)| |Net current assets|||||7,400|7,747| |Total net assets|||||15521|15513| |Reserves||||||| |Income and expenditure|||reserve|13|9,515|9,722| |Restdicted reserve||||13|227|236| |Endowment
reserve||||13|5,785|5,955| |Total reserves|||||15,527|15,913| ## |||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| ## |14.|Pension commitments|Pension commitments|(continued)|(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)| ## ## |The amounts|recognised|recognised|recognised|recognised|in|the|statement|statement|of|comprehensive|comprehensive|comprehensive|income are as follows:|income are as follows:|income are as follows:|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||2023||2022| |||||||||||||||5000||6000| |Current service|cost|||||||||||||49||57| |Expenses||||||||||||||2||2| |Net interest expense||||||||||||||3||4| |||||||||||||||||63| |The amounts|recognised||||in|other comprehensive|||||income are|||as follows:||| |||||||||||||||2023||2022| |||||||||||||||5000||5000| |Experience
(loss)/gain||||on plan||assets||(excluding||amounts||included||in net||| |interest cost)||||||||||||||(162)||13| |Experience gain/(loss)||||arising||on|plan|liabilities||||||85||(42)| |Effects of changes||in||the demographic||||assumptions|||underlying||the|||| |present value ofthe|||defined||benefit obligation|||||||||||| |Effects ofchanges||in||the financial|||assumptions|||underlying||the|present|||| |value ofthe defined|||benefit||obligation|||||||||110||73| |||||||||||||||33||| |Principal
actuarial|||assumptions||||at|the balance sheet||||date (expressed as weighted|||averages):|| |||||||||||||||2023||2022| |||||||||||||||4/O||Vo| |Discount rate||||||||||||||4.88||2.79| |Inflation
(RPI)||||||||||||||3.20||3.59| |Inflation (CPI)||||||||||||||2.74||3.20| |Salary growth||||||||||||||3.74||4.2Q| |||||||||||||||2023||2022| |||||||||||||||years||years| |Mortality rates:||||||||||||||||| |For a pensioner aged||||65 now||||||||||22.2||22.4| |At 65for a future pensioner|||||now|||||||||23.6||23.8| ##