| PAGE | ||||
|---|---|---|---|---|
| Board Report | ||||
| Independent | Auditor's | Report | 2-4 | |
| Statement of |
Comprehensive Income |
|||
| (Including Income 5. |
Expenditure | Account) | ||
| Balance Sheet | ||||
| Statement of |
Changes | in Reserves | ||
| Notes to the | Financial | Statements | 8 —11 |
| for the yea | r ended |
3 |
1st |
March, 2023 |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | |||||||
| Turnover | 58,370 | 56,157 | |||||||
| Operating | Costs: | ||||||||
| Management | (18,204) | (17,098) | |||||||
| Services | (3,208) | (2,965) | |||||||
| Day to Day | Maintenance | (3,839) | (0,237) | ||||||
| Planned and Depreciation |
Cyclical | Maintenance | (2,296) ~4199 |
(2,228) ~4164 |
|||||
| 31786 | 30692 | ||||||||
| Operating | Surplus | 26,582l | 25,465 | ||||||
| Interest Receivable |
and | Other Income | 1 374 | ||||||
| Surplus on | ordinary | activities before taxation | 27,958 | 25,382 | |||||
| Tax on surplus | |||||||||
| Surplus for | the financial | year | |||||||
| Total Comprehensive | Income for the year |
for the year ended |
31st | March, 2023 | ||||
|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | ||||
| FIXEDASSETS | ||||||
| Housing land and buildings |
(net of depreciation) | 9 | 344,129 | 348,328 | ||
| Investments | 10 | 0 | 0 | |||
| 344,129 | 348,328 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 748 | 755 | ||||
| Coif Investment | 83,785 | 42,411 | ||||
| Cash at Bank | 89803 | 88 452 | ||||
| 174,336 | 131,618 | |||||
| CURRENT LIABILITIES | ||||||
| Creditors: Amounts | falling due within | |||||
| one year | 12 | ~24 210 | 10959 | |||
| NET CURRENT ASSETS | 150 126 | 120659 | ||||
| TOTAL ASSETS LESS | ||||||
| CURRENT LIABILITIES | 468~Z | |||||
| Creditors: Amounts | falling due | |||||
| after one year | 13 | (204,428) | (207,118) | |||
| NET ASSETS | ||||||
| CAPITAL AND RESERVES | ||||||
| Unrestricted Reserves |
289,827 | 261,869 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Reserve | Reservef | ||
| At 1April 2022 | 261,869 | 236,486 | |
| Total Comprehensive | Income | 27 958 | 25 383 |
| At 31March 2023 | 289 827 | 262 869 |
| The Charity employs no st |
aff. | |||
|---|---|---|---|---|
| 4.TURNOVER | 2023f | 2022f | ||
| Maintenance Contribution |
51,831 | 50,73 l | ||
| Service Charge | 6,688 | 6,130 | ||
| Voids | (2,839) | (3,17 l) | ||
| Bad Debt Provision | (223) | |||
| Amortisation of Government 5. INTEREST RECEIVABLE |
Grants AND OTHER INCOME |
2 690 | 2 690 ~7 |
|
| 2023 | 2022f | |||
| Bank Interest | (100) | |||
| Investment Income |
I 37'I | 17 | ||
| 6.INTEREST PAYABLE AND | SIMILAR CHARGES | 2023 | 2022f | |
| Housing Loan Interest |
||||
| 7. SURPLUS ON ORDINARY | ACTIVITIES | |||
| BEFORE TAXATION | 2023f | 2022f | ||
| This is stated after charging: | ||||
| Auditors Remuneration (including |
VAT) | |||
| in their capacity as Auditors |
| 9. FIXED ASSETS | 2023 | 2022f | ||
|---|---|---|---|---|
| HOUSING LAND AND |
BUILDINGS —Freehold | |||
| Cost | ||||
| As at 19" April 2022 | 41'},513 | 414,513 | ||
| Additions | 0 | 0 | ||
| As at 31'" March 2023 | M4~Q | 414@13 | ||
| Depreciation As at 1"April 2022 |
66,185 | 62,021 | ||
| Charged in year As at 31"March 2023 |
'1 199 20821$ |
6 166 MM5 |
||
| Net Book Value | ||||
| At beginning of year |
%A&2 | 35~92 | ||
| At end of year | 3~122 | 3M328 | ||
| Land with an estimated | cost off55,896 is not depreciated. | |||
| 10.DEBTORS | 2023f | 2022 | ||
| Contribution in Arrears |
757 | 251 | ||
| Provision for Bad Debt |
||||
| Sundry Debtors |
||||
| Prepayments | 504 | |||
| 11.CREDITORS: Amounts within one year |
falling due | 2023 | 2022f | |
| Trade Creditors | 18,940 | 6,515 | ||
| Contribution Prepayments |
2,580 | 1,754 | ||
| Government Grants |
2,690 | 2,690 | ||
| Sundry Creditors |
||||
| ~210 | ||||
| 14.CREDITORS: Amounts after one year |
falling due | 2023 f |
2022 f. |
|
| Government Grants |
20'1 628 | 207 118 |
| UNRESTRICTED RESE | RVES | |
|---|---|---|
| Revenue Reserve | Totalf | |
| At 1'" April 2022 | 198,869 | |
| Surplus for the year |
27,958 | |
| Transfer to Extraordinary | Repair Fund | ~1000 |
| At 31"March 2023 |
| Designated | Reserves | |||
|---|---|---|---|---|
| Extraordinary | ||||
| Repair | ||||
| At 1"April 2022 | Fundf 63,000 |
Totalf 63,000 |
||
| Transfer from | Revenue | Reserve | 1000 | 1 000 |
| At 31"March | 2023 |