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|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|
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||||||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)|
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||||||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|
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||||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|
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|||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.|||||||
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|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)|
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|---|---|---|---|
|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|
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|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.||
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|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|
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|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.||||