2023-03-31-accounts - Henry Burton Almshouse Charity

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CONTENTS	CONTENTS		Page
Officers and professional advisors
Report of	the Trustee		4-6
Report of	the Auditors to the Trustee		7-11
Statement	ofcomprehensive income		12
Statement	ofchanges in reserves		13
Statement	offinancial position		14
Statement	ofcash flows		15-16
Notes to the financial statements			17-25
The followin a es do not form		art ofthe
statuto	financial statements:-
Statement	ofcomprehensive income (detailed)		26


Trustee:		Melin Homes Limited
Clerk to the Trustee:		Paula Kennedy
Registered	Office:	T'yr Efail
		Lower Mill Field
		Pontypool
		Torfaen NP4 OXJ
Managing	Agents:	Melin Homes Limited
		T'yr Efail
		Lower Mill Field
		Pontypool
		Torfaen NP4 OXJ
Auditors:		Haines Watts Wales LLP
		Chartered Accountants	8
		Statutory Auditors
		7 Neptune Court
		Vanguard Way
		Cardiff
		CF 24 5PJ
Bankers:		Barclays Bank Pic
		PO Box1015
		3rd Floor, Windsor Court
		3Windsor Place, Cardiff
		CF103ZL
Solicitors:		Blake Morgan
		Llys Tawe
		Kings Road
		SA1 Swansea Waterfront
		Swansea, SA1 8PG

					Notes	Notes		2023		2022
								6		E
Income
Turnover								143,910		143,717
								143,910		143,717
Operating costs
Management	fee						36,464		35,402
Water Rates
Day to day repairs							57,602		21,163
Major Repairs							3,960		281
Service costs							14,919		15,058
Cyclical maintenance							72		122
Bad debts						3	(89)		(459)
Depreciation						3	20,439		19,931
Insurance							2,280		2,460
Audit fee						3	4,296		4,098
I egal Fees
Subscriptions							315		299
Advertising
Minor Scheme		Inventory		&6100
Sundry Charges							120		99
								140,378		98,454
Operating surplus								3,532		45,263
Interest receivable			and	similar income
Miscellaneous		Income				4
Interest from	investments					4	16,182		14,779
Bank & Building		Society		deposit interest		4	215		213
Sundry Income
								16,397		14,992
								19,929		60,255
Interest payable and similar charges						5		(1,000)		(1,055)
Surplus for the		year						18,929		59,200
Movement on	fair value of Financial				Instruments	7		(20,991)		97,328
Surplus I(deficit) for the year								(2,062)		156,528

HENRY BURTON ALNISHOUSE CHARITY	HENRY BURTON ALNISHOUSE CHARITY	HENRY BURTON ALNISHOUSE CHARITY	HENRY BURTON ALNISHOUSE CHARITY
Statement ofComprehensive Income
For the year ended	31st March 2023
					2023	2022
				Notes	f	6
Turnover					143,910	143,717
Less Operating	costs				(140,378)	(98,454)
Operating surplus					3,532	45,263
Movement in fair	value	offinancial	instruments	7	(20,991)	97,328
Interest receivable and		similar income		4	16,397	14,992
Interest payable	and similar charges			5	(1,000)	(1,055)
Surplus for the year before taxation					(2,062)	156,528
Taxation
Surplus for the year after taxation					(2,062)	156,528
Total Comprehensive		Income for the year			(2,062)	156,528

				Extraordinary
				Repair	Unrestricted
				Restricted	Revenue
				Reserve	Reserve	Total
				F	f
At 1st April 2022				855,118	485,900	1,341,018
Deficit from statement		of comprehensive	Income		(2,062)	(2,062)
Transfers	to restricted			(28,807)	28,807
Transfer	of Revaluation	on Restricted shares		(20,991)	20,991
At 31st March 2023				805,320	533,636	1,338,956

				Notes		2023		2022
Fixed Assets								6
Building Improvements
-gross cost less	depreciation					340,538		294,813
						340,538		294,813
Investments						1,059,320		1,109,118
						1,399,858		1,403,931
Current assets
Debtors				8	5186		5,029
Cash at Bank					152,288		152,627
					157,474		157,656
Current liabilities
Creditors: amounts		falling	due within one year	9	(47,427)		(34,924)
Grants: amounts	falling due within one year			10	(14,581)		(14,581)
					(62,008)		(49,505)
						95,466		108,151
Net current assets
Total assets less	current		liabilities			1,495,324		1,512,082
Non-current liabilities
Creditors. amounts		falling	due after more than one year	10		(10,963)		(11,078)
Grants amounts	falling due after more than one year			10		(145,405)		(159,986)
						(156,368)		(171,064)
Provisions for liabilities			and charges
Net assets						1,338,956		1,341,018
Capital and Reserves
Restricted Reserve						805,320		855,118
Revenue Reserve						533,636		485,900
						1,338,956		1,341,018

Year Ended 31 March 2	0	23
							12m ended	12m ended
						Note	31 Mar 2023	31 Mar 2022
Net cash inflow from operating			activities				21,726	52,202
Returns on investment	and servicing			offinance
Interest paid							(1,000)	(1,055)
Interest received							16,397	14,992
Tax paid							0	0
Net cash inflow/(oufflow)		from	returns	on investment		and	15,397	13,937
servicing offinance
Capital expenditure and		financial investment
Purchase of investments							(22,895)	(40,632)
Government grants received							0	0
Grants repaid							0	0
Purchase ofcomponents							(66,164)	0
Sale of investments							51,702	0
Sale of housing properties		and fixed asset investments					0	0
Homebuy loans							0	0
Net cash inflow/(oufflow)		from	investing		activities		(37,357)	(40,632)
Free cash inflow/(oufflow)		before financing					(234)	25,507
Financing
Housing loans received							0	0
Housing loans repaid							(105)	(96)
Free cash (outflow)/inflow		from	financing				(105)	(96)
Increase in cash							(339)	25,411

				12m ended	12m ended
				31 Mar 2023	31 Mar 2022
				F'000	E'000
1	Operating surplus			3,532	45,263
	Depreciation oftangible assets			20,439	19,931
	Surplus on sale ofassets			0	0
	(increase)/decrease	in debtors		(157)	338
	increase/(decrease)	in creditors		12,493	1,251
	Increase in stock			0	0
	Non cash movement	in pension		0	0
	Amortisation of grant			(14,581)	(14,581)
	Net cash inflow from	operating	activities	21,726	52,202

				12m ended	12m ended
				31 Mar 2023	31 Mar 2022
				K'000	K'000
2	(Decrease)/Increase	in cash in the year		(339)	25,411
	Cash inflow from changes		in debt	105	96
	Non cash movement	on debt		0	0
	Movement in net debt	in the period		(234)	25,507
	Net debt at start ofyear			141,443	115,936
	Net debt at end ofyear			141,209	141,443

		31 Mar 2022	Cash flows	Non cash		31 Mar
		E.'000	E'000	amendments		6'000
Cash	in hand and at bank	152,627	(339)		0	152,288
		152,627	(339)		0	152,288
Debt	due in less than one year	(106)	(10)			(116)
Debt	due in more than one year	(11,078)	115		0	(10,963)
Balance at end ofyear		141,443	(234)		0	141,209

Deprecation is ch	arged	on	cost on a stra	ight line basis over the c	omponent's ex
				2023	2U22
Building structure	less	SHG
-'/0 on cost				2	2
Windows/Doors			D/	4	4
Roofs			'/o	2	2
Bathrooms			'/o	4	4
Kitchens			'/o	6.67	6.67
Heating System			0/	3.33	3.33
Boiler			'/0	6.67	6.67

Fully rented housing	accommodation	accommodation	accommodation	accommodation	accommodation	2023			2022
					Turnover		Operating	Operating	Turnover		Operating	Operating
							Costs	Surplus			Costs	Surplus
							F	6	6		6	6
Social housing lettings		(Note		2(b))		143,910	(140,378)	3,532	143,717		(98,454)	45,263
						143,910	(140,378)	3,532	143,717		(98,454)	45,263
Income and expenditure			from social housing			lettings
											2023	2022
							General
							needs and		Other social
							sheltered	Supported	housing	letting
Income							housing 6	Housing F	income 6		Total 6	Totalf
Rent recewable							120,043				120,043	119,790
Service charges income							9,286				9,286	9,346
Income for support services
Other revenue grants
Amortised Grant							14,581				14,581	14,581
Turnover from social housing				lettings			143,910				143,910	143,717
Cost
Management fee							36,464				36,464	35,402
Service charge costs							14,919				14,919	15,058
Routine maintenance							57,674				57,674	21,285
Major repairs expenditure							3,960				3,960	281
Bad debts							(89)				(89)	(459)
Depreciation of housing			properties				20,439				20,439	19,931
Impairment of housing		properties
Other costs							7,011				7,011	6,956
Operating costs on social				housing	activities		140,378				140,378	98,454
Operating surplus on	social			housing	lettings		3,532				3,532	45,263
Rent loss due to voids		(memorandum			note)		3,751				3,751	283

3	Operating surplus
				2023	2022
				f	f
	The operating surplus	is stated	after charging:-
	Depreciation			20,439	19,931
	Bad Debt Provision			(89)	(459)
	Auditors' remuneration
	- In their capacity as	auditors		4,296	4,098
4	Interest receivable	and similar income
				2023	2022
				f	f
	Income from hire of	communal	hall
	Income from listed investments			16,182	14,779
	Income from building	society account		215	213
	Sundry Income
				16,397	14,992
5	Interest payable and similar		charges
				2023	2022
				f	f
	On loans repayable	in instalments
	wholly or partly in more than five years			1,000	1,055

Listed investments
	C.O.I.F	C.O.I.F.
	Accum. ERF	Accum. ERF
	No.	f
At 1st April 2022	1,871	432,527
Additions
Disposals	(225)	(51,702)
Revaluation		(3,777)
At 31stMarch 2023	1,646	377,048
	C.O.I.F	C.O.I.F.
	Income	Income
	No.
At 1st April 2022	20,518	399,555
Additions	1,208	22,895
Disposals
Revaluation		(15,383)
At 31stMarch 2023	21,726	407,067

	C.O.I.F	C.O.I.F	C.O.I.F.
	Accum.	CMF	Accum. CMF
	No.		f
At 1st April 2022		69	16,013
Additions
Disposals
Revaluation			(142)
At 31st March 2023		69	15,871

		Total Listed
		Investments
		f
At 1stApril 2022		1,109,118
Additions		22,895
Disposals		(51,702)
Revaluation		(20,991)
At 31st March	2023	1,059,320
2023		2022
89.32	p	91.88	p
10,766.74	p	10,647.59	p
1,873.66	p	1,947.35	p
22,917.11	p	23,123.01	p
f340,626		f369,433

8	Debtors			2023	2022
				F
	Rent arrears			1,642	1,761
	Less: bad debts provision			(953)	(1,073)
				689	688
	Service Charge Debtor				350
	Prepayments	and accrued income		4,497	3,991
				5,186	5,029
9	Creditors: Amounts		falling	2023	2022
	due within	one year
	Prepayments	of rent		11,407	10,668
	Sundry creditors and		accruals	35,512	24,150
	Service Charge Creditor			392
	Fresh PLC	loan due	within one year	116	106
				47,427	34,924

Creditors: Amounts	falling
due after more than	one year	2023	2022
		6	F
Housing loans		10,963	11,078

	2023	2022
	6
One year or less	116	106
Between one and two years	127	116
Between three and five years	458	418
In five years or more	10,378	10,544
	11,079	11,184
Gross grant creditor
At 1 April 2022	613,792	613,792
Additions during the year
Component disposals
At 31 March 2023	613,792	613,792
Amortisation
At 1 April 2022	439,225	424,644
Credit for the year	14,581	14,581
Component disposals
At 31 March 2023	453,806	439,225
Net grant creditor
At 31 March 2023	159,986	174,567
At 1 April 2022	174,567	189,148
Amounts falling due:
Within one year or less	14,581	14,581
Between one and two years	14,581	14,581
Between two and five years	43,743	43,743
In five years or more	87,081	101,662
In more than one year	145,405	159,986
Total grant creditor	159,986	174,567

Number of	Units in	Management	2023	2022
			No.	No.
At beginning	and end	ofyear	32	32
No. of units	managed	by other bodies	NIL	NIL

			2023	2022
			6	E
Social	Housing	Grant	764,224	764,224