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|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|
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|||||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|
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||||||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|
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||||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|
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||||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|
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|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)|
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|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|
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||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|
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|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||||||
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|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.||||