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|Mr L Allitt — Chairman<br>Rev L Ward — Vice Chair<br>Cllr J Noble −resigned on 04/05/2023<br>ClIr M Griggs — resigned on 04/05/2023<br>Fr J Underhill −resigned on 30/04/2023<br>Cllr L Armstrong|Mrs L Forman −Secretary<br>ClIr H Staples — appointed 10/07/2023<br>Cllr N Drayton — appointed 10/07/2023<br>Mrs D Molson — Treasurer (non trustee)|
|---|---|
|Mr B Walker — resigned on 06/11/2023||



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|||||**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|





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||||**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|





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||**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|



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|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|





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||**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|





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||**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||





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||||**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**|





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