## ## |Contents ofthe Financial Statements|| |---|---| |for the Year Ended 3June 2022|| ||Page| |Companf
Information|| |Report ofthe Trustees|| |Report ofthe Independent
Auditors|| |Statement ofFinancial Activities|| |Balance Sheet|12| |Statement ofChanges
in Funds|13| |Cash Flow Statement|14| |Notes to the Cash Flow Statement|15| |Notes to the Financial Statements|16| |Detailed Profit and Loss Accounts|27| |TRUSTEES:||Ex-Officio Trustees|||| |---|---|---|---|---|---| |||L Murray
I Brown|||| |||Nominative
Trustees
J Moore¹-|||| |||R Wrlbams-|||| |||LGuf|||| |||Co-optative Trustees|||| |||J Fawcett+-
M Gamage
+¹(Deceased 6 November 2022)
G W Hicks¹
V Picker+¹-
A Shaw +¹(Deceased 16September 2022)|||| |||P Simpson +|||| |||+ Member ofthe Building|Sub-Committee ¹Member of||| |||the Finance Sub-Committee|||| |||-Member ofthe Resident's||Sub-Committee|| |SECRETARY:||Mrs EGamage|||| |REGISTERED|OFFICE:|c/o Payne & Gamage|||| |||48 Lombard
Street|||| |||Newark|||| |||NG24 1XP|||| |REGISTERED|NUMBER:|Charity Commission: 217439|||| |||Housing
Association.|A2233||| |AUDITORS:||Wright Vigar Limited Statutory|||| |||Auditors|||| |||Chartered
Accountants||& Business Advisers|15| |||Newland|||| |||LincolnLincolnshireLN1|||| |||1XG|||| |BANKERS:||National
Westminster|Bank Pic 1 Market||| |||Place|||| |||NewarkNottinghamshire|||| |||NG24 1XP|||| |INVESTMENT|ADVISORS:|M&G Securities
Limited
P0Box9038|||| |||Chelmsford|||| |||CM99 2XF|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||~StL
d'
H|~StL
d'
H|| |---|---|---|---|---|---|---| |||||Statement ofFinancial Activities||| |||||for the Year Ended 3June 2022||| |||||Notes|2022
E|2021f| |REVENUE|||||337,978|335,987| |Administrative
expenses|||||374,515|276,142| ||||||(36,537)|59,845| |Other operating
income|||||200|8,403| |OPERATING (LOSS)/PROFIT|||||(36,337)|68,248| |Interest receivable|and similar||income|7|3,102|1,755| ||||||(33,235)|70,003| |Unrealised
surplus/|(defiant)||||1,076,135|117,402| |PROFIT BEFORE|TAXATION||||1,042,900|187,405| |Tax on profit||||||| |PROFIT FOR THE|FINANCIAI||YEAR||1,042,900|187,405| |OTHER COMPREHENSIVE||INCOME||||| |TOTAL COMPREHENSIVE
THE YEAR||INCOME||FOR|1,042,900|187,405| ## |StLeon|ard's
Hos|ital
Re istered num|ital
Re istered num|ber
217439||| |---|---|---|---|---|---|---| |||Balance Sheet||||| |||3June 2022||||| ||Notes|f|2022||2021|| |FIXEDASSETS||||||| |Property,
plant and equipment
Investments|10
11|||9,117,909
761,906||8,041,992
751,263| |Investment
property|12|||1 320,100||1 330,030| |||||11,199,915||10,124,185| |CURRENT ASSETS||||||| |Debtors|13|24,953|||22,663|| |Cash at bank and in hand||1,111,204|||1,128,453|| |||1,138,157|||1,151,116|| |CREDITORS||||||| |Amounts
falling due within one year|14|47,839|||29,968|| |NET CURRENT ASSETS||||1,088,318||1,121,148| |TOTAL ASSETSLESS CURRENT
LIABILITIES||||12,288,233||11,245,333| |RESERVES
Housing
property
reserve
Other restricted reserves
Unrestricted
reserves|16
16
16|||9,117,499
20,032
3,150,702||8,041,177
32,978
3,171,178| |||||12,288,233||11,245,333| ## ||||Statement ofChan
es in F
for the Year Ended 3June|unds
2022||| |---|---|---|---|---|---|---| |||||Housing|Other|| ||||Unrestricted|property|restricted|Total| ||||reserves|reserve|reserves|equity| ||||8|E|6|6| |Balance|at 4June|2020|2,974,217|8,041,177|42,534|11,057,928| |Changes
in equity
Total comprehensive||income|196,961||~9,555)|187,405| |Balance|at 3June|2021|3,171,178|8,041,177|32,978|11,245,333| |Changes
in equity
Total comprehensive||income|~0, 75)|1,075,322|~)2,940)|1,042,9110| |Balance|at 3June|2022|3,150,702|9,117,499|20,032|12,288,233| ## |fo|r the Year Ended|3June 2022|| |---|---|---|---| |||2022|2021| |Notes||8|8| |Cash flows from operating
activities
Cash generated
from operations||~20,350)|65,235| |Net cash from operating
activities||~20,350)|65,235| |Cash flows from investing
activities
Purchase oftangible
fixed assets
Interest received||3,102|(1,203)
1,755| |Net cash from investing
activities||3,102|552| |Cash flows from financing
activities
Government
grant|||8,000| |Net cash from financing
activities|||8,000| |((3ecrsase)/increase
in cash and cash equivalents||(17,248)|73,787| |Cash and cash equivalents
at beginning
ofyear|2|1,128,453|1,054,666| |Cash and cash equivalents
at end ofyear|2|1,111,204|1,128,453| ## ## ## ## |RECONCILIATION
OPERATIONS|OF PROFIT BEFORE TAXATION TO CASH|GENERATED FROM|| |---|---|---|---| |||2022|2021| |||f|| |Profit before taxation||1,042,900|187,405| |Depreciation
charges
Gain on revaluation
offixed assets||406
(1,076,135)|697
(117,402)| |Government
grants
Finance income|||(8,000)
~1,755)| |||(35,931)|60,945| |(Increase)/decrease
Increase/(decrease)|in trade and other debtors
in trade and other creditors|(2,290)
17,871|13,399
~9,109)| |Cash generated
from operations||~20,349)|65,235| ## ## ## |Year|ended3June2022||| |---|---|---|---| |||36.22
F|4.6.21
f| |Cash|and cash equivalents|1,111,204|1,128,453| |Year|ended 3June 2021|36.21|46.20| |||E|5| |Cash|and cash equivalents|1,128,453|1,054,666| ## |ANALYSIS OF CHANGES
IN NET FUNDS|||| |---|---|---|---| ||At4.6.21|Cash flow|At 3.6.22| ||6||| |Net cash
Cash at bank and in hand|1,128,453|~17,249)|1,111,204| ||1,128,453|~17,249)|1,111,204| |Total|1,128,453|~17,249)|1,111,204| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |OTHER OPERATING INCO|ME|||||| |---|---|---|---|---|---|---| ||||||03/06/22|03/06/21| ||||||5|| |Rents receivable|||||259,084|251,035| |Management
costs
Clerk and receiver's fees
Insurance|||||16,889
20,581|16,800
18,610| ||||||37,470|35,410| |Service costs||||||| |Rates|||||23,051|23,726| |Heat and light
Garden maintenance
Telephone
Television licences|||||19,503
4,982
1,642
169|12,539
4,811
3,155
118| |Cleaning
Monitoring
ofcareline
Sundry expenses
Wages
Legal and professional
Advertising|||||14,295
33,430
216
20,413
6,143
180|12,981
32,668
682
20,781
3,380
540| ||||||124,024|150,161| |Routine Maintenance|||||42,311|45,796| |Planned
Maintenance|||||5 595|9,830| |Operating
costs on social|housing|lettings|||2529
2|205,78?| |Operating
surplus/(deficit)|on social||housing|lettings|1,183|45,248| |Void losses netted off rents|receivable||above||831|3,166| ## ## ## ||||||||03/06/22|03/06/21| |---|---|---|---|---|---|---|---|---| |||||||||5| |Investment
property|income||||||78,894|84,952| |Clerk and receiver's fees|||||||12,666|12,600| |Rates
Insurance|||||||5,044
4,778|3,165
4,586| |Heat and light
Cleaning
Routme maintenance|||||||2,475
2,301
15,270|1,288
2,754
751| |Garden maintenance||||||||1,920| |Planned
maintenance|||||||861|98| |Sundry
Wages
Legal and professional
Monitoring
ofcareline
Bad Debt|fees||||||10
16,907
5,340
5,521
15,160|14,404
2,190| |Operating
costs on|non~octal||housing||activities||66.3 3|3766| |Operating
surplus
on non-social||||housing||activities|~743
7|1,166| |Governance costs|||||||03/06/22|03/06/21
f| |Clerk and receiver's fees
insurance
Accountancy
Auditors
remuneration
Sundry expenses
Advertising
Telephone
Subscriptions
Bank charges
Depreciation
ofcomputer||equipment|||||12,666
2,761
5,492
5,360
553
1,212
1,023
808
406|12,600
575
5,436
4,500
561
372
315
880
663
697| |Operating costs on|non-social||housing||activities||30,281|26,599| ## ## ## ## ## ||||Total|Social housing|Investment||| |---|---|---|---|---|---|---|---| ||||allocated|lettings
f|properties
f||Governance
f| |Clerk
fees|and|receiver's|42,315|~16926 40'/)|~1269|30'/)|~12899 30'/)| ## ## |PROPERTY, PLANT AND EQUIPMENT|||| |---|---|---|---| ||Land and|Computer|| ||Buildings
f|equipment
8|Totals
f| |COST OR VALUATION|||| |At 4 June 2021|8,041,177|2,112|8,043,289| |Revaluations|1,076,323||1,076,323| |At 3June 2022|9,117,500|2,112|9,119,612| |DEPRECIATION|||| |At 4 June 2021||1,297|1,297| |Charge for year||406|406| |At 3June 2022||1,703|1,703| |NET BOOK VALUE|||| |At 3June 2022|9,117,500|409|9,117,909| |At 3 June 2021|8,041,177|815|8,041,992| ## ## |PROPERTY, PLANT
~Hi
*i|AND EQUIPM|ENT -continued||||| |---|---|---|---|---|---|---| ||||Bishop|||| ||Cottage|Bakewell|Alexander|Parson' s|Piano|| ||Homes
f|Almshouses
f|Court
f|Mountf|School
f|Total
f| |Cost or valuation||||||| |At 4th June 2021|1,609,000|350,000|2,460,000|3,085,000|537,177|8,041,177| |Additions||||||| |Disposals
Revaluations|546,000|287,500|245,000|185,000|~187,177)|1,076,322| |At 3rd June 2022|2,155,000|637,500|2,705,000|3,270,000|350,000|9,117,499| |Depreciation||||||| |At 4th June 2021||||||| |and 3rd June 2022||||||| |Net book value||||||| |At 3rd June 2022|2,155,000|637,500|2,705,000|3,270,000|350,000|9,117,499| |At 3rd June 2021|1,609,000|350,000|2,460,000|3,085,000|537,177|8,041,177| |Valuation|2,962,990| |---|---| |Cost|6,154,510| ||9,117,500| ||||Land and|Computer|| |---|---|---|---|---|---| ||||Buildings
f|equipment
f|Totals
f| |Valuation|in|2022|2,962,990||2,962,990| |Cost|||6,154,510|2,112|6,156,622| ||||9,117,500|2,112|9,119,612| ## ## ## ## ## |FIXEDASSET INVE|STMENTS||||| |---|---|---|---|---|---| ||||||Listed| ||||||investments| ||||||5| |COST OR VALUATION|||||| |At 4 June 2021|||||751,263| |Revaluations|||||10,643| |At 3June 2022|||||761,906| |NET BOOK VALUE|||||| |At 3June 2022|||||761,906| |At 3June 2021|||||751,263| |Listed investments:|UK||||| |General fund (unrestricted)|||||| |||||03/06/22|03/06/21| |||||5|6| ||COIF inv fund accum units-||||| ||recoupment|Bishop Alexander|||| |80.29|Court|||17,515|15,185| ||M&G charity|multi-asset||income|| |39,744.00|units|||34,542|35,360| |6,986.80|M&G chadity
accumulation|multi-asset
units||709,849|700,717| |Total listed investments||||761,905|751,263| |The historic cost ofthe above investments|||on 3rd|June 2022 was 5223,380(2021:5223,377).|| |INVESTMENT PROPERTY|||||| ||||||Total| ||||||f| |FAIR VALUE|||||| |At 4 June 2021
Revaluations|||||1,330,930
~10,830)| |At 3June 2022|||||1,320,100| |NET BOOK VALUE|||||| |At 3June 2022|||||1 320100| |At 3June 2021|||||1,330,930| ## ## |Cost or valuation
at 3rd|June 2022 is represented
by:||| |---|---|---|---| ||Commercial|Agricultural|| ||properties
f|properties
f|Totalf| |Valuation|815,000|505,100|1,320,100| |Cost|||| ||515,000|505100|1,3201011| ## ## |Fair value at3June 2022 i|s represented
by:||| |---|---|---|---| |Valuation
in 2021
Valuation
in 2022|||1,330,930
~10,830)| ||||1,320,100| |DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR||2022|2021| |||f|6| |Debtors (non-social
housing
rent arrears)
Prepayments||4,764
20,189|4,029
18,634| |||24,953|22,663| |CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|2022
f|2021
f| |Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred
income
Rents received
in advance||13,167
743
2,634
11,816
19,479|868
2,631
8,856
17,613| |||47,839|29,968| ## ## ## |||Restricted|Unrestricted|Total| |---|---|---|---|---| |||reserves|reserves|reserves| |||f|f|f.| |Property,
plant and equipment
Investments||9,117,500|409
761,906|9,117,909
761,906| |Investment
Debtors|properties||1,320,100
24,953|1,320,100
24,953| |Cash at bank and in hand||20,031|1,091,173|1,111,204| |Creditors:
year|amounts
falling due within one||47 839|~4,9393| |||9,137,531|3,150,702|12,288,233| ## ## ## ||||||Housing|Other|| |---|---|---|---|---|---|---|---| |||||Unrestricted|property|restricted|| |||||reserves
K|reserve
6|reserves|Totals
f| |At 4 June
Profit for
Transfers|2021
the year
in/out|||3,171,178
1,042,900
~1,063,3 6)|8,041,178
1,076,322|32,977
~2,946)|11,245,333
1,042,900| |At 3June|2022|||3,150,702|9,117,500|20,031|12,288,233| |RESTRICTED RESERVES- HOUSING PROPERTY|||||||| |||||||03/06/22|03/06/21| |||||||5|6| |Housing
Balance
Transfer
Transfer|property
reserve
brought
forward
to general
fund- housing
to general fund-housing||property
property|addition
revaluation||8,041,178
1 076,322|8,036,725
4,452| |Balance|atyear end|||||9,117,500|8,041,177| ## |OTHER RESTRICTED|R|ESERVES||| |---|---|---|---|---| ||||03/06/22|03/06/21| ||||F|5| |Bakewell Almshouses|Fund|||| |Balance brought forward
Transfer from/(to) general||fund|20,266
~2,23 )|22,618
~2,352)| |Balance at year end|||18,032|20,266| |Miss BD Crowden
Fund||||| |Balance brought forward
Transfer from/(to) general||fund|10,712
~10,71 )|17.916
~7,204)| |Balance at year end||||10,712| |Rose Sherpa Fund
Balance brought
forward|||2,000|2,000| |Balance at year end|||2,000|2,000| |Total other restricted
reserves|||20,032|32,978| ## ## ## ## ## |General fund|||||| |---|---|---|---|---|---| |||||03/06/22|03/06/21| ||||||f| |Balance brought
forward
Total comprehensive
income for the||year||3,171,178
1,042,900|2,974,217
187,405| |Transfer to/from|Miss BD Crowden|Fund||10,712|7,204| |Transfer to/from
Transfer to/from|Bakewell Almshouses
Housing
Reserve||Fund|2,234
~1,076,3227|2,352| |Balanceatyear|end|||3750.70|3,171,178| ## |The num|ber ofunits of h|ousing|accommodation|for the elderly
in mana|gement
at 3rd| |---|---|---|---|---|---| |||||03/06/22|03/08/21| |||||number|number| |Housing|accommodation|for letting|||| ||1 bedroom||flats|68|68| ||Warden's||flats|3|3| |||||71|71| ## ## ||||Elston|||| |---|---|---|---|---|---|---| ||||Detailed Profit and Loss Account|||| ||||for the Year Ended 3June 2022|||| ||||2022||2021|| ||||5|||| |Turnover||||||| |Investment|property|income||2,018||2,268| |Other income||||||| |Sundry receipts||||200||403| |||||2,218||2,671| |Expenditure
Insurance||||168||197| |||||2,050||2,474| |Unrealised|surplus/|(deficit)||||| |Unrealised|surplus|on||||| |revaluation|of investment|||||| |property-unrestricted||reserves||25,490||| |NET PROF|IT|||27,540||2,474| ## ## ||||f|2022||2021|| |---|---|---|---|---|---|---|---| |Turnover|||||||| |Investment|property|income|||650||1,050| |Expenditure
Insurance|||||85||98| ||||||565||952| |Unrealised|surplus/|(deficit)|||||| |Unrealised|surplus|on|||||| |revaluation|of investment||||||| |property-unrestricted||reserves|||9,000||| |NET PROFIT|||||9,565||952| ## |||fo|r the Year Ended 3|June|2022||| |---|---|---|---|---|---|---|---| |||||2022||2021|| ||||E||||| |Turnover|||||||| |Investment|property|income|||3,000||(3,485)| |Expenditure
Insurance|||||106||122| ||||||2,894||(3,607)| |Unrealised|surplus/|(deficit)|||||| |Unrealised|surplus|on|||||| |revaluation
of investment
property-unrestdicted
reserves|||||~5045||| |NET PROFIT/(LOSS)|||||7,939||~3,607)| ## ## |||2022||2021| |---|---|---|---|---| |||6||| |Turnover||||| |Investment
property|income||62,942|| |Expenditure||||| |Planned
maintenance||861||98| |Rates and water||103||637| |Insurance||3,310||3,090| |Light and heat||1,733||1,143| |Routine maintenance||15,270||751| |Cleaning||2,300||2,754| |Sundry expenses||10||| |Legal &professional|fees|4,200||| ||||27,787|| ||||35,155|| |Unrealised
surplus/|(deficit)|||| |Unrealised
surplus|on|||| |revaluation
ofinvestment
property-unrestricted
reserves|||~51,650)|| |NET (LOSS)/PROFIT|||~16,495)|| ||||2022||2021| |---|---|---|---|---|---| ||||5||8| |Turnover|||||| |Investment
Legacies|property
received|income|3
~10280||3
40,000| |||||10,283|| |Expenditure|||||| |Rates and|water||3,400||1,700| |Monitoring|ofcareline||5,521||| |Wages|||16,642||14,166| |Pensions|||265||238| |Clerk and|Receiver's|fees|12,667||12,600| |||||38,495|| |NET (LOSS)/PROFIT||||~28,212)|| ## ||||2022||2021| |---|---|---|---|---|---| |Rent received||||60,889|| |Expenditure|||||| |Planned
maintenance|||6,743||1,919| |Rates and water|||6,664||7,287| |Insurance|||4,471||3,986| |Light and heat|||949||483| |Routine maintenance|||6,365||5,286| |Garden maintenance|||1,212||948| |Tt/ licences|||||8| |Cleaning|||1,619||1,092| |Monitoring
ofcareline|||14,153||4,703| |Wages|||20,000||20,368| |Pensions|||413||413| |Telephone|||87||573| |Advertising|||180||| |Sundry expenses|||35||499| |Legal &professional|fees||636||| |||||63,527|| |||||(2,638)|| |Unrealised
surplus/|(deficit)||||| |Gain/loss
on revaluation||ofassets||546,000|| |NET PROFIT||||543,362|| ## ||||2022||2021| |---|---|---|---|---|---| |Rent received||||15,230|| |Expenditure|||||| |Planned
maintenance|||228||320| |Rates and water|||629||493| |Insurance|||1,079||971| |Routine maintenance|||2,006||2,032| |Garden maintenance|||2,081||1,095| |TV licences|||(7)||| |Cleaning|||327||312| |Monitonng
ofcareline|||1,658||1,326| |Telephone|||752||637| |Legal & professional|fees||540||| |||||9,293|| |||||5,937|| |Unrealised
surplus/|(deficit)||||| |Gain/loss
on revaluation||ofassets||287,500|| |NET PROFIT||||293,437|| ||||2022||2021| |---|---|---|---|---|---| ||||6||| |Rent received||||84,149|| |Expenditure|||||| |Planned
maintenance|||40,472||3,224| |Rates and water|||13,708||13,851| |Insurance|||4,990||4,462| |Light and heat|||9,493||4,756| |Routine maintenance|||17,055||21,632| |Garden maintenance|||86||846| |TV licences|||15||15| |Cleaning|||3,377||3,649| |Monitoring
ofcareline|||9,998||7,434| |Telephone|||606||1,580| |Advertising|||||540| |Sundry expenses|||128||129| |Legal &professional|fees||540||| |||||100,468|| |||||(16,319)|| |Unrealised
surplus/|(deficit)||||| |Gain/loss
on revaluation||ofassets||245,000|| |NET PROFIT||||228,681|| ## ## |||for|the Year Ended 3June 2|022|| |---|---|---|---|---|---| ||||2022||2021| |Rent received||||98,817|| |Expenditure|||||| |Planned
maintenance|||6,653||4,367| |Rates and water|||2,050||1,616| |Insurance|||8,744||7,881| |Light and heat|||9,062||7,573| |Routine maintenance|||14,921||15,524| |Garden maintenance|||1,603||1,922| |TVlicences|||161||95| |Cleaning|||8,973||7,928| |Monitoring
ofcareline|||7,621||19,205| |Telephone|||197||365| |Sundry expenses|||53||| |Legal &professional|fees||2,187||| |||||62,225|| |||||36,592|| |IJnrealised
surplus/|(deficit)||||| |Gain/loss
on revaluation||ofassets||185,000|| |NET PROFIT||||221,592|| ||for the Year Ended 3|June|2022|| |---|---|---|---|---| |||2022||2021| ||6|||| |Income||||| |Expenditure||||| |Clerk and Receiver's fees|||16,889|| |NET LOSS|||~16,889)|| ||||S~Ld'|S~Ld'|H||| |---|---|---|---|---|---|---|---| ||||Investment|Income-|Listed Investments||| ||||Detailed|Profit and Loss Account|||| ||||for the|Year Ended 3June 2022|||| ||||||2022|2021|| ||||||K||| |Income|||||||| |Other income|||||||| |Listed investments|||||3,093||1,391| ||||||3,093||1,391| |Unrealised|surplus/|(deficit)|||||| |Unrealised|defihmt on||||||| |revaluation|ofinvestments-||||||| |unrestricted|reserves||||10,643||117,402| |NET PROFIT|||||13,736||118,793| ||for the Year Ended 3|June 2022||| |---|---|---|---|---| |||2022|2021|| ||6|||| |Income||||| |Other income||||| |Deposit account interest||||364| |||||364| |NETPROFIT||||364| ## ## |||for the Year Ended 3June|2022||| |---|---|---|---|---|---| |||2022||2021|| |Income|||||| |Other income|||||| |Government|grants||||8,000| ||||||8,000| |Expenditure|||||| |Insurance||2,761||575|| |Clerk and Receiver's fees||12,666||12,600|| |Telephone||1,212||315|| |Advertising||||372|| |Sundry expenses
Accountancy||553
5,492||561
5,436|| |Subscriptions||1,023||880|| |Auditors'
remuneration||5,360||4,500|| ||||29,067||25,239| ||||(29,067)||(17,239)| |Finance costs|||||| |Bank charges|||808||663| ||||(29,875)||(17,902)| |Depreciation|||||| |Computer
equipment|||406||697| |NET LOSS|||~30,281)||~18,599)|