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2023-03-31-accounts

				INDEX
					~Pa e
Charity's	Advisers
Trustees'	Report				2-4
Independent Chartered		Accountants'		Review Report
Income and Expenditure		Account
Balance	Sheet
Statement ofChanges		in Equity
Notes to	the Accounts				9-14
The following pages do		not form	part	ofthe statutory accounts:-
Detailed	Income and Expenditure		Account		15

			Note	2023		2022
Turnover				72,411		68,189
Lestn Operating costs				138,380	-	97,435
O~iii .'(~ ii ii)iii	pi			65,969	-	29,246
Interest receivable and	similar	income		1,457		1,289
Revaluation ofinvestments				9,149		12,212
(Deficit) ISurplus on ordinary		activities and total
comprehensive income	for the year			73,661	-	40,169

		Note	2023		2022
Fixed assets
Housing properties				385,115	396,876
Investments				184,536	235,703
				569,651	632,579
Current assets
Debtors			3,517		3,393
Cash at bank and in hand			74,004		90,270
			77,521		93,663
Creditors; amounts	falling
due within one year		10	6,837		9,583
Net current assets				70,684	84,080
Creditors: amounts	falling
due after one year				332,709	335,371
Net assets				307,626	381,288
~Cit I d
General reserves		12		265,700	336,724
Endowment reserves		12		41,926	44,564
				307,626	381,288
These accounts were approved		and authorised	for issue by the board	~	fi7lk. Sagt~

		Endowment	Reserves	Gen	Gen	eral Reserve	s
		Earl of	F.M. Clements	Income and		Investment	~ER	dt	TOTAL
	~Ndh		Will	~E*	dtt	R		~re air
							reserve f		f
At 1 April	2022	35,388	9,176		145,585	91,126		100,013	381,288
Movement	for the year -	2,095	543	-	14,512 -	29,467	-	27,044 -	73,661
Transfer					7,982			7,982
At 31 March 2023		33,293	8,633		123,091	61,659		80,951	307,627

		Endowment	Endowment	Reserves	Reserves	Gen	Gen	eral	Reserve	s
		Earl of ~Nhh t		Will F.N. OI t		F~d'I I d		R N	t t	~ER	~re air dt	TOTAL
									f	reserve f.
At 1 April	2021		38,100		9,879		180,679		99,923		92,876	421,457
Movement	for the year-		2,712		703 -		27,957 -		8,797			40,169
Transfer							(7,137)				7,137
At 31 March 2022			35,388		9,176		145,585		91,126		100,013	381,288

Housing	property,	structure	150years
Roof			65years
Kitchen			10years
Bathroom			15years
Electrics			25years
Boiler			10years
Heating			15years
Windows	and Doors		30years

1.7 ~lnv en
Investments are	recognised			iniTially	at fair		value		which		is normally		the transaction		price exduding
transaction costs.		Subsequently,			they	are		measured			at	fair value through		the		siatement of
comprehensive	income		iT	the shares		are	publicly			traded		or their	fair value	can		otherwise be
measured reliably.
Turnover
													2023f			2022
Grants receivable													13,000			13,000
Sundry income													3,031			1,181
Rents receivable													56,380			54,008
													72,411			68,189
Rents receivable	excluding			service	charges								56,380			54,008
Social housing operating			costs									~138380				97,436
Net surplus/(deficit)		from	social housing			activities							82,000			43,428
Void losses													1,025			576

						2023 6	2022f
	Bank	interest		receivable		1,457	1,289
						1,457	1,289
4.	~Ot	S
	Operating	Surplus		is stated after charging the following:
						2023	2022
						6	8
	Depreciation		ofowned		tangible fixed
	assets	-	Housing		Properties	11,761	11,761
	Accountancy		fee			2,400	2,300

Tangible fixed assets represents freehold	housing properties as follows:
	2023	2022
		6
Cost
Brought forward	669,197	669,197
Carried forward	669,197	669,197
~Di 9
Brought forward	272,323	260,562
Charge for year	11,761	11,761
Carried forward	284,084	272,323
~Nt ggk value
Brought forward	396,874	408,635
Carried forward	385,113	396,874

F' t i v n
	Listed
Valuation:	investments	Totalf
At 1 April 2022	235,703	235,703
Additions	7,982	7,982
Disposals	50,000	50,000
Revaluation	9,149	9,149
At 31 March 2023	184,536	184,536

9.	~Dbtora
						2023f	2022 f
	Trade debtors					1,214	1,575
	Prepayments					2,303	1,818
						3,517	3,393
10.	Creditors.	amounts	faiiin	due within one	ear
						2023	2022f
	Trade creditom					4,175	6,922
	Other creditors and		accruals
	Deferred	grant income				2,662	2,662
						6,337	9,584
11.	Creditors	amounts	falli	due after one	ar
						2023	2022f
	Deferred	grant income				332,709	335,371
						332,709	335,371

~Mv ~nt in
	~5 E ~999 0	"IR I I E.R.EI 7W~EI f f		I	I	gggg~lR 880tgg I 0 I t t ~E~ ~0EIiR M! I f			dl f		TOTAL
At 1 April 2022		35388			9176	145,585	91,126		100,013		381288
Movement forthe year		(2,095)			(543)	(14,512)-	29,467	-	27,044	-	73,661
Transfer						(7,982)			7,982
At 31 March 2023		33293			8033	123091	61.659		00951		307627