2022-12-31-accounts

Report of	the Trustees		2-5
Reporting	Accountant's	Report
Statement	ofComprehensive Income
Balance Sheet
Statement	of Changes	in Reserves
Statement	of Cash Flows		10
Notes forming part of		the financial statements	11-17

				Notes	2022	2021
					f.	K
TURNOVER					166,869	154,878
Cost of Sales					(128,628)	(120,222)
Gross Deficit/(Surplus)					38,241	34,656
Administrative Expenditure					(40,390)	(30,160)
Other operating income
Operating (deficit)/profit					(2,149)	4,496
Gain on disposal of investments Interest receivable and other income					1,152	1,963
Movement in fair value offinancial		instruments			(100,045)	108,044
Surplus/(deficit) on ordinary	activities before taxation				(101,042)	114,503
Tax on surplus on ordinary	activities
Surplus/(deficit) -total comprehensive			income for the year		(101,042)	114,503

					2022		2021
			NOTE
FIXEDASSETS
Tangible assets
Housing properties —depreciated		cost	9		1,115,036		1,156,461
Other tangible fixed assets			10		559		814
Investments			11		989,088		1,094,750
					2,104,683		2,252,025
CURRENT ASSETS
Debtors			12	3,779		3,673
Cash at bank and in hand				336,808		318,688
				340,587		322,361
CREDITORS: AMOUNTS	FALLING
DUE WITHIN ONE YEAR			13	(36,622)		(33,446)
NET CURRENT ASSETS					303,965		288,915
TOTAL ASSETSLESSCURRENT LIABILITIES					2,408,648		2,540,940
CREDITORS: AMOUNTS	FALLING DUE
AFTER MORE THAN ONE YEAR			14		(864,082)		(895,332)
NET ASSETS					1,544,566		1,645,608
RESERVES:
Income and expenditure reserve Revaluation reserve			16 16		606,896 122,432		707,938 122,432
Designated reserve-maintenance Designated reserve Designated reserve-chapel			16 16 16		63,500 137,994 613,744		63,500 137,994 613,744
TOTAL FUNDS					1,544,566		1,645,608

			Designated	Designated	Designated	Revaluation	Income &
			Chapel	Maintenance	Investment	Reserve	Expenditure	Total
				f	Reserve f.	f.	Reserve	E
At 1"January 2022			613,744	63,500	137,994	122,432	707,938	1,645,608
Surplus for the year/
total comprehensive		income					(101,042)	(101,042)
Gain materialised	on	sale	of
investments
Transfers
At 31"December	2022		613,744	63,500	137,994	122,432	606,896	1,544,566

			Notes		2022		2021
Cash flow from operating	activities		17		16,968		18,722
Cash flow from investing	activities
Development of property
Purchase of other fixed assets
Capital grants received
Receipts from sales of investments
Investments bought
Interest received				1,152		1,963
Net cash flow from investing		activities			1,152		1,963
Net cash outflow before use		of liquid
resources and financing					18,120		20,685
Net decrease in cash and	cash equivalents				18,120		20,685
Cash and cash equivalents		at 1"January	2022		318,688		298,003
Cash and cash equivalents		at 31"December 2022			336,808		318,688

TURNOVER
				2022	2021
All relates to housing		for older persons.		E	E
Gross rents receivable				132,846	123,340
Amortised government		grants		31,250	31,250
Donations receivable				1,733	100
Grants released
Other income				1,040	188
				166,869	154,878
COST OF SALES
				2022	2021
				E	E
Services				33,731	39,254
Routine maintenance				18,683	10,343
Cyclical maintenance				13,464	6,671
Extraordinary maintenance				20,620	22,252
Depreciation				41,680	41,702
Other costs				450
				128,628	120,222
OTHER OPERATING	INCOME
Other operating income
OPERATING SURPLUS/(DEFICIT)
				2022	2021
				E	E
Operating surplus/(deficit)			is stated after
charging/(crediting):
Reporting Accountant's remuneration (including		VAT)		2,284	1,416
Depreciation ofowned		assets		41,680	41,702
Amortisation ofgrants				(31,250)	(31,250)

OTHER TANGIBLE FIXEDASSETS
	Equipment
COST
At 1st January 2022	51,130
Additions in the year
At 31"December 2022	51,130
DEPRECIATION
At 1"January 2022	50,316
Charge for the year	255
At 31"December 2022	50,571
NET BOOK VALUE
At 31"December 2022	559
At 31"December 2021	814

	Aviva
	Wrap
	E
Valuation
At 1st January 2022	1,094,750
Additions
Disposals
Costs	(5,617)
Revaluation	(100,045)
At 31"December 2022	989,088

12.	DEBTORS				2022	2021
						E
	Prepayments				3,779	3,673
					3,779	3,673
13.	CREDITORS: AMOUNTS			FALLING DUE WITHIN
	ONE YEAR				2022	2021
	Accruals and	deferred	income		5,372	2,196
	Government	grants			31,250	31,250
					36,622	33,446
14.	CREDITORS: AMOUNTS			FALLING DUE AFTER
	MORE THAN	ONE YEAR			2022	2021
					F	K
	Government	grants			864,082	895,332
15.	RELATED PARTIES

CASH FLOW NOTE	CASH FLOW NOTE						2022	2021
							E
Reconciliation	ofoperating			deficit to net
cash flow from	operating		activities
Operating surplus/(deficit)							(102,194)	112,540
Decrease/(increase		in debtors)					(106)	(71)
(Decrease)/increase		in creditors					3,176	(670)
Asset additions								(699)
Depreciation							41,680	41,702
Release of grant
Amortisation of grants							(31,250)	(31,250)
(Gains)/Losses	on investments						105,662	(102,830)
Net cash outflow	from operating				activities		16,968	18,722
UNITS
							Units	Units
						1s January	at 2022	at 31"December 2022
Social Housing							25	25
None ofthese units		is managed			by agents.