2023-12-31-accounts

CONTENTS	Page
Report ofthe Trustees	2-5
Reporting Accountant's Report
Statement of Comprehensive Income
Balance Sheet
Statement ofChanges in Reserves
Statement ofCash Flows	10
Notes forming part ofthe financial statements	11-17

					Notes	2023	2022
						E	E
TURNOVER						177,223	166,869
Cost ofSales						(130,240)	(128,628)
Gross Deficit/(Surplus)						46,983	38,241
Administrative	Expenditure					(54,152)	(40,390)
Other operating	income
Operating (deficit)/profit						(7,169)	(2,149)
Gain on disposal of investments
Interest receivable and other income						3,180	1,152
Movement in fair value offinancial			instruments			99,530	(100,045)
Surplus/(deficit)	on ordinary	activities before taxation				95,541	(101,042)
Tax on surplus	on ordinary	activities
Surplus/(deficit)	-total comprehensive			income for the year		95,541	(101,042)

					2023		2022
			NOTE	E
FIXEDASSETS
Tangible assets
Housing properties —depreciated		cost	9		1,073,611		1,115,036
Other tangible fixed assets			10		489		559
Investments			11		1,082,398		989,088
					2,156,498		2,104,683
CURRENT ASSETS
Debtors			12	4,533		3,779
Cash at bank and in hand				345,878		336,808
				350,411		340,587
CREDITORS: AMOUNTS	FALLING
DUE WITHIN ONE YEAR			13	(33,970)		(36,622)
NET CURRENT ASSETS					316,441		303,965
TOTAL ASSETSLESSCURRENT LIABILITIES					2,472,939		2,408,648
CREDITORS: AMOUNTS	FALLING DUE
AFTER MORE THAN ONE YEAR			14		(832,832)		(864,082)
NET ASSETS					1,640,107		1,544,566
RESERVES:
Income and expenditure reserve			16		702,437		606,896
Revaluation reserve			16		122,432		122,432
Designated reserve-maintenance			16		63,500		63,500
Designated reserve			16		137,994		137,994
Designated reserve-chapel			16		613,744		613,744
TOTAL FUNDS					1,640,107		1,544,566

			Designated	Designated	Designated	Revaluation	Income &
			Chapel	Maintenance	investment	Reserve	Expenditure	Total
			f	E	Reserve E	f	Reserve f	6
At 1"January 2023			613,744	63,500	137,994	122,432	606,696	1,544,566
Surplus for the year/
total comprehensive		income					95,541	95,541
Gain materialised	on	sale	of
investments
Transfers
At31"December	2023		613,744	63,500	137,994	122,432	702,437	1,640,107

		Notes		2023		2022
Cash flow from operating	activities	17		5,890		16,968
Cash flow from investing	activities
Development of property
Purchase ofother fixed assets
Capital grants received
Receipts from sales of investments
Investments bought
Interest received			3,180		1,152
Net cash flow from investing activities				3,180		1,152
Net cash outflow before use of liquid
resources and financing				9,070		18,120
Net decrease in cash and	cash equivalents			9,070		18,120
Cash and cash equivalents	at 1"January 2023			336,808		318,688
Cash and cash equivalents	at 31"December 2023			345,878		336,808
The notes on pages 11to 17form part ofthese accounts.

TURNOVER
			2023	2022
All relates to housing	for older persons.
Gross rents receivable			143,436	132,846
Amortised government	grants		31,250	31,250
Donations receivable			1,661	1,733
Grants released
Other income			876	1,040
			177,223	166,869
COST OF SALES
			2023f	2022
Services			19,490	33,731
Routine maintenance			21,938	18,683
Cyclical maintenance			18,545	13,464
Extraordinary maintenance			28,415	20,620
Depreciation			41,495	41,680
Other costs			357	450
			130,240	128,628
OTHER OPERATING	INCOME
Other operating income
OPERATING SURPLUS/(DEFICIT)
			2023	2022
			6
Operating surplus/(deficit)		is stated after
charging/(crediting):
Reporting Accountant's
remuneration (including	VAT)		1,676	2,284
Depreciation ofowned	assets		41,495	41,680
Amortisation ofgrants			(31,250)	(31,250)

HOUSING PROPERTIES	Property	Housing
	Fixtures and	Properties	Total
	Fittings	- Freehold
	6	E
COST
At 1stJanuary 2023	139,479	2,000,856	2,140,335
Additions in the year
At31"December 2023	139,479	2,000,856	2,140,335
DEPRECIATION
At 1"January 2023	132,045	893,254	1,025,299
Charge for the year	3,894	37,531	41,425
At 31"December 2023	135,939	930,785	1,066,724
NET BOOK VALUE
At 31"December 2023	3,540	1,070,071	1,073,611
At31"December 2022	7,434	1,107,602	1,115,036

OTHER TANGIBLE FIXEDASSETS
	Equipment
	E
COST
At 1stJanuary 2023	51,130
Additions in the year
At31"December 2023	51,130
DEPRECIATION
At 1"January 2023	50,571
Charge for the year	70
At 31"December 2023	50,641
NET BOOK VALUE
At31"December 2023	489
At 31"December 2022	559

		Aviva
		Wrap
		E
Valuation
At 1stJanuary	2023	989,088
Additions
Disposals
Costs		(6,220)
Revaluation		99,530
At31"December 2023		1,082,398
Investments	are valued at mid market value.

12.	DEBTORS				2023	2022
					6	6
	Prepayments				4,533	3,779
					4,533	3,779
13.	CREDITORS: AMOUNTS			FALLING DUE WITHIN
	ONE YEAR				2023	2022
					E
	Accruals and	deferred	income		2,721	5,372
	Government	grants			31,250	31,250
					33,971	36,622
14.	CREDITORS: AMOUNTS			FALLING DUE AFTER
	MORE THAN	ONE YEAR			2023 E	2022f
	Government	grants			832,832	864,082

CASH FLOW NOTE					2023	2022
					8	6
Reconciliation ofoperating		deficit to net
cash flow from operating	activities
Operating surplus/(deficit)					92,361	(102,194)
Decrease/(increase in debtors)					(755)	(106)
(Decrease)/increase in creditors					(2,651)	3,176
Asset additions
Depreciation					41,495	41,680
Release ofgrant
Amortisation ofgrants					(31,250)	(31,250)
(Gains)/Losses on investments					(93,310)	105,662
Net cash oufflow from operating			activities		5,890	16,968
UNITS
					Units	Units
				1"January	at 2023	at 31"December 2023
Social Housing					25	25
None ofthese units is managed			by agents.