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2022-12-31-accounts

Page
Report ofthe Trustee I to6
Independent Examiner's Report
Statement of Comprehensive
Income		 2022
Comparative Statement ofComprehensive Income 2021
Statement of Financial Position 10to 11
Statement of Cash Flows 12
Statement of Change
in Funds		 13
Notes to the Financial Statements 14to 26
Detailed Statements ofComprehensive Income 2022 23 to 24
Comparative Detailed Statements ofComprehensive Income 2021 25 to 26

at is being exa nuned.
31.12.22 31.12.21
Reinvestment
%		 0.00% 7.10%
2a. New su 1
delivered
%(Social Housin		 units) 0.00% 0.00%
2b New su 1
delivered %(Non-Social Housin		 units) 0.00% 0.00%
Gearin -15.59% 0.81%
Earnings
Included		 before Interest, Tax, Depreciation,
Interest Cover %		 Amortisation, Major Repairs 1736.52% -954.24%
Headline Social Housin
Cost Per Unit		 I4,878.17 I7,196.77
6a 0
ratin		 Mar
'n (social housin
lettin		 s) % 21.26% -10.49%
6b. 0
ratin		 Mar
in (overall) %		 21.26% -10.49%
Return on Ca ital Em lo ed(ROCE) % 8.28% -4.03%

within a simi lar
area ofo		 peration.
2022 2021 Taf et
Occu anc 99.55% 97.69% 95.00%
Contributions collected as a rcenta eofcontributions owed 96.61% 98.43% 100.00%
Attendance of the Board of Directors 89.20% 73.50% 48.60%

I report on the accounts for the year ended 31stDecember 2022 set out in the following pages.
Respective responsibilities
oftrustee and examiner
The charity's
trustee is responsible
for the preparation
ofthe accounts. The charity's trustee considers
that an
audit is not required
for this year (under Section 144(2)ofthe Charities Act 2011 (the 2011Act)) and that an
independent
examination
is required.
It is my responsibility
to:
examine
the accounts under Section 145ofthe 2011 Act
to follow the procedures
laid down in the General Directions given by the Charity Commission
(under Section 145(5)(b)ofthe 2011Act); and
to state whether particular
matters have come to my attention.
Basis ofthe independent
examiner's
report
My examination
was carried out in accordance
with the General Directions
given by the Charity Commission.
An examination
includes a review ofthe accounting records kept by the charity and a comparison ofthe
accounts presented
with those records. It also includes consideration
ofany unusual
items or disclosures
in
the accounts, and seeking explanations
from you as trustee concerning
any such matters. The procedures
undertaken
do not provide
all the evidence that would be required
in an audit, and consequently
no opinion		 is
given as to whether
the accounts present a 'true and fair view
' and the report is limited to those matters set out
in the statements
below.
Independent
examiner's
statement
Ihave completed
my examination.
Iconfirm that no material
matters have come to my attention
in
connection
with the examination
giving me reasonable
cause to believe that in any material respect:
accounting
records were not kept in respect ofthe charity as required
by section 130ofthe 2011
Act; or
(2)
the accounts do not accord with those records; or
(3)
the accounts do not comply
with the applicable
requirements
concerning
the form and content of
accounts set out in the Charities'
(Accounts and Reports) Regulations
2008 other than any
requirement
that the accounts give a 'true and fair view' which is not a matter considered
as part
ofan independent
examination.
I have no concerns
and have come across no other matters
in connection
with the examination
to which
attention
should be drawn
in this report in order to enable a proper understanding
ofthe accounts to be
reached.

or the Year Ended 31 December 2022 31.12.22 31.12.21
Unrestricted
General and
Designated Restricted
funds funds Total funds Total funds
Notes K
TURNOVER 18. 201,974 201,974 185,719
Operating
Costs		 18. (158,531) (500) (159,031) (205,208)
OPERATING SURPLUS/(DEFICIT) 43,443 (500) 42,943 (19,489)
Donations 20 20 1,200
Interest receivable and other income 18. 4,853 4,853 3,607
Interest payable
and finance costs		 18. (3,228) (3,228) (3,171)
Realised gains/ (losses) on investments 18.
SURPLUS/(DEFICIT) FOR THE YEAR 45,088 (500) 44,588 (17,853)
Unrealised
(loss)/gains		 on investments 7. (3,627) (3,627) 10,816
TOTAL COMPREHENSIVE
INCOME/(DEFICIT) FORTHE YEAR
BEFORETRANSFE OF FUNDS 41,461 (500) 40,961 (7,037)
Transfer between
funds		 12.
TOTAL COMPREHENSIVE
INCOME/(DEFICIT) FORTHE YEAR 41,461 (500) 40,961 (7,037)
Total funds brought
forward		 12. 434,152 434,952 441,989
TOTAL FUNDS CARRIED FORWARD 12. 475,613 300 475,913 434,952

Comparative
Statement ofComprehensive
or the Year Ended 31December 2021		 Income 31.12.21 31.12.20
Unrestricted
General and
Designated Restricted
funds funds Total funds Total funds
Notes
TURNOVER 19. 185,719 185,719 191.355
Operating
Costs		 19. (205,008) (200) (205,208) (173,662)
OPERATING (DEFICIT)/SURPLUS (19,289) (200) (19,489) 17,693
Donations 19. 200 1,000 1,200 650
Interest receivable aad other income 19. 3,606 3,606 4,421
Interest payable and finance costs 19. (3,171) (3,171) (3,189)
Realised gains/ (losses) on investments 19.
(DEFICIT)/SURPLUS FOR THE YEAR (18,653) 800 (17,853) 19,575
Unrealised
gains/(loss)
on investments		 19. 10,816 10,816 (7,997)
TOTAL COMPREHENSIVE
(DEFICIT)/ INCOME FOR THE YEAR
BEFORETRANSFE OF FUNDS (7,837) 800 (7,037) 11,579
Transfer between
funds		 13.
TOTAL COMPREHENSIVE
(DEFICIT)/INCOME FOR THE YEAR (7,837) (7,037) 11,579
Total funds brought
forward		 13. 441,989 441,989 430,410
TOTAL FUNDS CARRIED FORWARD 13. 434,152 800 434,952 441,989
31.12.22 31.12.21
Restricted Extra-
and Ordinary
Unrestricted Repair Capital Property Total Total
Funds Reserve Fund Fund funds funds
Notes
FIXEDASSETS
Tangible assets 6. 1,106 - 89,726 214,062 304,894 317.960
Investments 7. 37,359 87,500 - - 124,859 123,880
38,465 87,500 89,726 214,062 429,753 441.840
CURRENT ASSETS
Debtors 8. 9,240 9,240 7,773
Cash at bank and in hand 14. 96,096 96,096 52,389
105,336 105,336 60,161
CREDITORS
Amounts
falling due within one year		 9. (16,448) (252) (16,700) (18,320)
NET CURRENT ASSETS 88,888 (252) 88,636 41,842
TOTAL ASSETSLESSCURRENT
LIABILITIES 127,353 87,500 89,726 213,810 518,389 483,681
CREDITORS
Amounts
falling due more than one
year 10. (24,000) (18,476) (42,476) (48,729)
NET ASSETS 103,353 87,500 89,726 195,334 475,913 434.952
FUNDS 12.
Unrestricted
funds		 103,053 49,359
Designated
funds		 372.560 384,793
Restricted
funds		 300 800
TOTAL FUNDS 475,913 434.952

Notes 31.12.22 31.12.21
OPERATING ACTHVITES
Net cash generated
from operations		 14. 52,713 (1,505)
interest paid (2,834) (2,864)
NET CASH GENERATED FROM OPERATING ACTIVITIES 49,879 (4,368)
CASH FLOW FROM INVESTING ACTIVITIES
Improvements
to housing
properties		 6. (23,363)
Interest and dividends
received on		 investments 2. 4,653 3,607
Purchase of investments 7. (4,606) (3,604)
Sale proceeds ofinvestments
NET CASH FLOW FROM/(USED IN) INVESTING ACTIVITES 47 (23,360)
CASH FLOW FROM FINANCING ACTIVITIES
Repayment ofborrowings (6,219) (6,189)
NET (DECREASE)/INCREASE IN CASH AND CASH
EQUIVALENTS 43,707 (33,918)
CASH AND CASH EQUIVALENTS AT THE BEGINNINING
OF THE YEAR 52,389 86.307
CASH AND CASH EQUIVALENTS AT THE END OFTHE
YEAR 14. 96,096 52,389
Extra-
Income and Ordinary
Expenditure Repair Capital Property Total
Funds Fund Fund Fund Funds
Balance at 1 January 2021 68,845 87,500 89,726 195,918 441.989
(Deficit)/Surplus
for the year		 (18,685) 11,649 (7,037)
Balance at 31 December 2021 50,159 87,500 89,726 207,567 434,952
Surplus/(Deficit)
for the year		 53,194 (12,233) 40,961
Balance as 31December 2022 103,353 87,500 89,726 195,334 475.913
Statement ofChanges in Funds
for the Year Ended 31December 2021
Extra-
Income and Ordinary
Expenditure Repair Capital Property Total
Funds Fund Fund Fund Funds
f f
Balance at 1 January 2020 46,603 87,500 89,726 206,581 430,410
Surplus/(Deficit)
for the year		 22,241 (10,663) 11,579
Balance at 31 December 2020 68,845 87,500 89,726 195,918 441,989
(Deficit)/Surplus
for the year		 (18,686) 11,649 (7,037)
Balance as 31 December 2021 50,159 87,500 89,726 207,567 434,952

Trustee's donations Trustee's donations
There were no trustee's donations for the year ended 31December 2022 or for the year ended 31 December
2021.
STAFF COSTS
31.12.22 31.12.21
E E
Wages and salaries 46,249 31,225
Social security costs
Other pension costs 1,388 706
47,637 31,931
The average
monthly		 number of employees during the year was as follows:
3L12.22 31.12.21
2 2
No employees
received		 emoluments in excess off60,000.
INTEREST PAYABLE AND SIMILAR CHARGES
31.12.22 31.12.21
E E
Mortgage
interest payable		 2,834 2,864

TANGIBLE FIXEDASSETS
Freehold Property Fixtures and
property improvements
f		 fittings
f		 Totals
f
COST
At
1 January 2022		 299,350 245,106 29,316 573,772
Additions
Disposals
Less Housing Grant (132,112) (132,112)
At 31 December 2022 167,238 245,106 29.316 441,660
DEPRECIATION
At I January 2022 37,098 59,007 27,596 123,701
Eliminated
on disposals
Charge for year 1,686 10,765 614 13,065
At 31 December 2022 38,784 69,772 28,210 136,766
NET BOOK VALUE
At 31 December 2022 128,454 175,334 1.106 04.004
At 31 December 2021 130,140 186,100 1,720 317,960

M480G
MUG General
ERFFund Fund Totals
f f f
MARKET VALUE
At I January 2022 50,289 73,591 123,880
Additions 1,870 2,736 4,606
Disposals
Revaluations (1,472) (2,155) (3,627)
At 31 December 2022 50,687 74,172 124,859
NET BOOK VALUE
At 31 December 2022 50,687 74.172 124,859
At 31 December 2021 50,289 73,591 123,880
All investments
were held in the UK.

31.12.22
f		 31.12.21
f
Residents contributions in arrears 5,930 3,358
Bad debt provision
Prepaid expenses 3,310 2,999
Other debtors 1,415
9,240 7,773
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
f f
Residents contributions received in advance 524 1,5 18
Mortgage 252 219
Accrued expenses 9,343 10,105
National Almshouse Association loan 6,000 6,000
PAYE/NIC/Pension 581 479
16,766 18,320
CREDITORS: AMOUNTS FALLING DUE MORE THAN ONE YEAR
31.12.22 31.12.21
f f
Mortgage 18,476 18,729
National Almshouse Association loan 24,000 30,000
42,476 48,729

MOVEMEN T IN FUN DS
At 1.0122 Net movement Transfer At 31.12.22
in funds between
funds
Unrestricted funds
Income and Expenditure Fund 49,359 41,461 12,233 103,053
Designated funds
Extraordinary Repair Fund 87,500 87,500
Capital Fund 89,726 89,726
Property
Fund		 207,567 (12,233) 195,334
Unrestricted and designated funds 434,152 41,461 475,613
Restricted funds
Gardening 500 (500)
Physical Activity 300
Restricted funds 800 (500)
Gardening
Physical Activity
TOTAL FUNDS 434,952 40,961 475,913
Incoming Resources Gains and Movement
resources expended losses on in funds
investments
Unrestricted funds
Income and Expenditure Fund 206,847 (161,759) (3,627) 41,461
Designated funds
Extraordinary Repair Fund
Capital Fund
Property Fund
Restricted ihnds
Gardening (500) (500)
Physical Activity
FUNDS MOVEMENT BEFORE
TRANSFERS 206,847 (162,259) (3,627) 40,961

2021COMPARAT IVE MOV E ME NT IN FUND S
At 1.01.21 Net movement Transfer At 31.12.21
in funds between
funds
g
Unrestricted
funds
Income and Expenditure Fund 68,845 (7,837) (11,649) 49,359
Designated
funds
Extraordinary
Repair Fund		 87,500 87,500
Capital Fund 89,726 89,726
Property
Fund		 195,918 11,649 207.567
Unrestricted
and designated		 funds 441,989 (7,837) 434,152
Restricted funds
Gardening 500 500
Physical Activity 300 300
Restricted funds
TOTAL FUNDS 441,989 (7,037) 434,952
The Extraordinary repair fund is held across the total ofthe investment portfolio.
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses on in funds
investments
Unrestricted
funds
Income and Expenditure Fund 189,526 (208,179) 10,816 (7,837)
Designated
funds
Extraordinary
Repair Fund
Capital Fund
Property
Fund
Restricted Itmds
Gardening 500 500
Physical Activity 500 (200) 300
FUNDS MOVEMENT BEFORE
TRANSFERS 190,526 (208,379) 10,816 (7.037)

14. RECONCILIATION
OFSURPLUS		 AFTER TAX TO CASH
GENERATED FROM/(USED IN) OPERATIONS
31.12.22 31.12.21
Surplus for the year 40,961 (7,037)
Adj ustments for:
Depreciation
and loss on disposal oftangible fixed assets		 13,065 11,692
Grant amortisation
Movement
in fair value ofinvestments		 3,627 (10,816)
(Gain) on disposal ofinvestments
Interest and investment
income receivable		 (4,653) (3,607)
Interest payable 2,834 2,864
Operating
cash flows before movement		 in working capital 55,834 (6,903)
Decrease/(Increase)
in trade and other		 debtors (1,467) 7,026
(Decrease)/Increase
in trade and other		 creditors (1,654) (1,628)
Cash generated
from operations		 52,713 (1,505)
CASH AND CASH EQUIVALENTS
31.12.22 31.12.21
8
Cash and cash equivalents
represented		 by
Cash at bank and in hand 71,804 28,144
Deposit 24,292 24,245
Cash at bank and in hand 96,096 52,389

Unrestricted Restricted
funds funds 31.12.22 31.12.21
g g
TURNOVER
Residents'
Maintenance		 Contribution 201,823 201,823 187,210
Less voids (881) (881) (4,195)
Rental income Hall/Church 400 400 2,100
Laundry 632 632 604
201,974 201,974 185.719
OPERATING COSTS
Service costs
Rates and water 2,327 2,327 83
Gas and Electricity 7,052 7,052 2,841
Gardening
and cleaning		 8,821 500 9,321 9,859
Insurance 2,579 2,579 2,428
Scheme Manager cost 24,199 24,199 23,725
Pension 1,388 1,388 706
Central Control system maintenance 1,269 1,269 1,693
Depreciation 13,065 13,065 11,692
Residents
welfare		 620 620 840
TV Licences 377 377 159
61,695 500 62,195 54,026
Management
and administration
Secretary to the Trustee and CEO 22,050 22,050 15,256
Telephone,
printing,		 stationery, post and
computer exp 3,024 3,024 2,878
Accounts production and Independent
Examiner's
fee		 2,352 2,352 2,170
Advertising
and website
Sundries
and subscriptions		 1,213 1,213 1,235
Professional
fees		 2,277 2,277 83
Consultancy
fees
Payroll Bureau
Bookkeeping
service		 4,212 4,212 3,960
Training
costs statf welfare		 375 375 50
Trustee insurance 705
Bad debt 15 15 384
Trustee expenses 18 18
Travel 30 30 46
35,567 35,567 26,766

Unrestricted Restricted
funds funds 31.12.22 31.12.21
Maintenance
Dwellings 36,754 36,754 90,364
Communal
areas		 23,983 23,983 33,450
Service contracts 379 379 602
Waste and pest control 154 154
61,270 61,270 124,416
TOTAL OPERATING COSTS 158,531 500 159,031 205,208
OPERATING SURPLUS/(DEFICIT) 43,443 (500) 42,943 (19,489)
Donations 20 20 1,200
Interest receivable and other income
Interest receivable 47 47 3
Investment
income		 4,606 4,606 3,604
Other income 200 200
4,853 4,853 3,607
Interest and financing costs
Interest payable (2,834) (2,834) (2,864)
Bank charges and loan arrangement fees (394) (394) (307)
(3,228) (3,228) (3,171)
Realised gains/(losses) on fixed asset
SURPLUS/(DEFICIT) FOR THE YEAR 45,088 (500) 44,588 (17,853)
Unrealised
(loss)/gains		 on investments (3,627) (3,627) 10,816
TOTAL COMPREHENSIVE
INCOME/(DEFICIT) FORTHE
YEAR BEFORETRANSFE OF
FUNDS 41,461 (500) 40,961 (7,037)

COMPARATIVE D ET AILED STATEM ENT OF COMPR EHENSIVE IN COME
Unrestricted Restricted
funds funds 31.12.21 31.12.20
g g g
TURNOVER
Residents'
Maintenance		 Contribution 187,210 187,210 191,144
Less voids (4,195) (4,195) (3.842)
Rental income Hall/Church 2,100 2,100 3.600
Laundry 604 604 454
185,719 185,719 191,355
OPERATING COSTS
Service costs
Rates and water 83 83 169
Gas and Electricity 2,841 2,841 8,231
Gardening
and cleaning		 9,859 9,859 8,559
Insurance 2,428 2,428 2,367
Scheme Manager cost 23,725 23,725 22,923
Pension 706 706 501
Central Control system maintenance 1,693 1,693 1,693
Depreciation 11,692 11,692 13,045
Residents
welfare		 640 200 840 356
TV Licences 159 159 293
53,826 200 54,026 58,136
Management
and administration
Secretary to the Trustee and CEO 15,256 15,256 12,852
Telephone,
printing,		 stationery, post and 2,878 2,878 3,323
Accounts production and Independent
Examiner's
fee		 2,170 2,170 2,170
Advertising
and website
Sundries
and subscriptions		 1,235 1,235 725
Professional
fees		 83 83
Consultancy
fees
Payroll Bureau 240
Bookkeeping
service		 3,960 3,960 3,600
Training costs staff welfare 50 50 462
Trustee insurance 705 705 806
Bad debt 384 384 258
Trustee expenses
Travel 46 46
26,766 26,766 24,439

Unrestricted Restricted
funds funds 31.12.21 31.12.20
g g g g
Maintenance
Dwellings 90,364 90,364 51,548
Communal
areas		 33,450 33,450 39,466
Service contracts 602 602 72
Waste and pest control
124,416 124,416 91,087
TOTAL OPERATING COSTS 205,008 200 205,208 173,662
OPERATING (DEFICIT)/SURPLUS (19,289) (200) (19,489) 17,693
Donations 1,000 1,200 650
Interest receivable and other income
Interest receivable 2 2 22
Investment
income		 3,604 3,604 4,399
3,606 3,606 4,421
Interest and financing costs
Interest payable (2,864) (2,864) (2,889)
Bank charges and loan arrangement fees (307) (307) (300)
(3,171) (3,171) (3,189)
Realised gains/(losses) on fixed asset
(DEFICIT)/SURPLUS FOR THE YEAR (18,653) 800 (17,853) 19,575
Unrealised
gains/(loss)		 on investments 10,816 10,816 (7.997)
TOTAL COMPREHENSIVE
(DEFICIT)/INCOME FOR THE
YEAR BEFORETRANSFE OF
FUNDS (7,837) 800 (7,037) 11,579