| Mr L Allitt — Chairman Rev L Ward — Vice Chair Cllr J Noble −resigned on 04/05/2023 ClIr M Griggs — resigned on 04/05/2023 Fr J Underhill −resigned on 30/04/2023 Cllr L Armstrong |
Mrs L Forman −Secretary ClIr H Staples — appointed 10/07/2023 Cllr N Drayton — appointed 10/07/2023 Mrs D Molson — Treasurer (non trustee) |
|---|---|
| Mr B Walker — resigned on 06/11/2023 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Turnover | 39,451 | 38,293 | ||||
| Less Operating costs | ||||||
| Services | 8,584 | 11,649 | ||||
| Management | 10 | 13,696 | 10,497 | |||
| Day to Day Maintenance | 10 | 16,308 | 8,758 | |||
| Cyclical Maintenance | 10 | 4,590 | 5,230 | |||
| 43,179 | 36,134 | |||||
| 3,728 | 2,159 | |||||
| Add | ||||||
| Interest Receivable and other income | 2 | 2,344 | 340 | |||
| Profit / (Deficit) for the year | 1,384 | 2,499 | ||||
| Movement on Reserves | ||||||
| Balance brought forward as previously reported | 171,442 | 165,213 | ||||
| Profit for the year | − | 1,384 | 2,499 | |||
| Transfer (to): | ||||||
| Cyclical Repairs & Maintenance Reserve | 9' | 4,590 | 5,230 | |||
| Emergency Repair Fund | 9" | 1,500 | 1500 | |||
| 173,148 | 171,442 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed Assets | |||||
| Housing properties −cost | 4 | 102,758 | 102,758 | ||
| Less: Housing association Grant | 4 | 98,109 | 98,109 | ||
| 4,649 | 4,649 | ||||
| Current Assets | |||||
| Debtors | 6 | 5,571 | 5,134 | ||
| Investments | 7 | 83,000 | 1,500 | ||
| Cash at bank & in hand | 161,842 | 246,786 | |||
| 250,414 | 253,420 | ||||
| Creditors | |||||
| Due within one year | 3,005 | 4,628 | |||
| Net Current Assets | 247,408 | .248,792 | |||
| Total Net Assets | 252,057 | 253,441 | |||
| Represented by: | |||||
| Capital & Reserves | |||||
| Designated reserves | 9 | 78,909 | 81,999 | ||
| Income & expenditure account | 173,148 | 171,442 | |||
| 252,057 | 253,441 |
| 2023 | 2022 | |
|---|---|---|
| 2. Interest Receivable and Other Income | ||
| Bank Deposit & Building Society Interest | 1,827.00 | 262.00 |
| Investment Income | 52.00 | 44.00 |
| Other Rents Received | 35.00 | 35.00 |
| Other income | 420.00 | |
| 2,334.00 | 341.00 |
| Housing Properties | Completed | Completed |
|---|---|---|
| Housing | Housing | |
| Properties | Properties | |
| As At 1st January 2023 | 102,758.00 | 102,758.00 |
| Additions −Improvement to Properties | ||
| As At 31st December 2023 | 102,758.00 | 102,758.00 |
| Less: Housing Association Grant | ||
| As at 1st January 2023 | 98,109.00 | 98,109.00 |
| Grant Received in Year | ||
| As At 31st December 2023 | 98,109.00 | 98,109.00 |
| Net Book Value As At 31st December 2023 | 4,649.00 | 4,649.00 |
| 2023 | 2022 | |
|---|---|---|
| 5. Fixed Assets | ||
| Investments | ||
| Base Cost: | ||
| As at 1st January 2023 | ||
| As at 31st December 2023 | ||
| Barclays Ord .25p Shares (Holding 524) | 1,171 | 1,171 |
| Market Value as at 31st December 2023 | 1,171 | 1,171 |
| 6. Debtors | ||
| Prepayments & Accrued Income | 5,571 | •' 5,134 |
| 7. Current Assets | ||
| Investments | ||
| Cost or Base Cost | 1,500 | |
| Additions During the Year | 81,500 | 1,500 |
| Withdrawals in year | ||
| 83,000 | 1,500 | |
| The Investments comprise the following: | ||
| M&G Investments | 83,000 | 1,500 |
| Balance as at 31st December 2023 | 83,000 | 1,500 |
| Market Value as at 31st December 2023 | 83,365 | 1,865 |
| 2023 | 2022 | |
|---|---|---|
| E | E | |
| 8. Creditors: due within one year | ||
| Other Creditors & Accruals | 4,628 | |
| 9. Designated Reserves | ||
| i) Cyclical Repairs & Maintenance Reserve | ||
| Balance as at 1st January 2023 | 51,210 | 56,440 |
| Transfer from Income & Expenditure Account (page 3) | 4,590 | 5,230 |
| Balance as at 31st December 2023 | 46,620 | 51,210 |
| ii) Emergency Repair Fund | ||
| Balance as at 1st January 2023 | 30,789 | 29,289 |
| Transfer from Income & Expenditure Account (page 3) | 1,500 | 1,500 |
| Transfer to Income & Expenditure Account (page 3) | ||
| Balance as at 31st December 2023 | ||
| 32,289 | 30,789 | |
| 10. Housing Corporation Costs | ||
| 10 Units (2022−10) | ||
| Management | ||
| Day to Day Repairs & Maintenance | 16,308 | |
| Cyclical Repairs & Maintenance | 4,590 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Income from Tenants Contributions & Service Charges | 39,451 | 38,293 | |||
| Income from Investments etc: | |||||
| NAACIF Income Share Interest | 11 | 11 | |||
| Lloyds & Nationwide Interest | 1,838 | 262 | |||
| Barclays Dividend & Investment Income | 40 | 33 | |||
| 1,889 | 306 | ||||
| ' | Other Rents | 35 | 35 | ||
| Other income | 420 | ||||
| 41,795 | 38,634 | ||||
| Less: Services | |||||
| TV Licence | 53 | 60 | |||
| Insurance | 1,125 | 1,122 | |||
| Heating & Lighting | 3,982 | 4,155 | |||
| Rates | 2,892 | 3,812 | |||
| Telephone Rentals | 532 | 610 | |||
| Celebration Costs | 0 | 1,388 | |||
| Residents Gifts | 0 | 501 | |||
| 8,584 | 11,649 | ||||
| Management: | |||||
| Clerks' Remuneration | 5,508 | 5,200 | |||
| Audit & Accountancy Fees | 744 | 738 | |||
| Postages, Stationery & Advertising | 248 | 366 | |||
| Subscriptions | 584 | 555 | |||
| Sundry Expenses | 395 | 115 | |||
| Professional Fees | 6,218 | 3,523 | |||
| 13,696 | 10,497 | ||||
| Repairs & Maintenance | 16,308 | 8,758 | |||
| Cyclical Maintenance | 4,590 | 5,230 | |||
| 20,898 | 13,988 | ||||
| 43,179 | 36,134 | ||||
| **Excess / (Deficit) of Income over Expenditure for the ** | Year | 1,384 | 2,500 |