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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||
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||||||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|
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|||||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|
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|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|
##
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|||||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|
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|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|
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|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|
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|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|
##
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|7|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|
##
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|10|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|
##
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|12|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|
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||||2023|2022|
|---|---|---|---|---|
||||6|E|
|Social|Housing|Grant|764,224|764,224|
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