| Page | ||
|---|---|---|
| Report ofthe Trustees | 1to4 | |
| Independent Examiner's Report |
||
| Statement ofFinancial Activities | ||
| Balance Sheet | ||
| Notes to the Financial Statements | 8 to | 14 |
| Detailed Statement ofFinancial Activities | 15 to | 16 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities |
|||||
| Subsidised housing |
207,188 | 207,188 | 189,603 | ||
| Investment income |
2,607 | 2,607 | 2,431 | ||
| Total | 209,795 | 209,795 | 192,034 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Subsidised housing |
146,579 | 146,579 | 188,143 | ||
| Net gains on investments | 1,006 | 1,006 | 52,912 | ||
| NET INCOME | 63,216 | 1%006 | 64,222 | 56,803 | |
| Other recognised gains/(losses) |
|||||
| Gains on revaluation offixed assets | 3,988,786 | 3,988,786 | 3,787,695 | ||
| Net movement in funds |
63,216 | 3,989,792 | 4,053,008 | 3,844,498 | |
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 496,642 | 13,420,209 | 13,916,851 | 10,072,353 | |
| TOTAL FUNDS CARRIED FORWARD | 559,858 | 17,410,001 | 17,969,859 | 13,916,851 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 5 | 437,678 | 16,979,995 | 17,417,673 | 13,428,887 |
| Investments | 6 | 41,960 | 430,006 | 471,966 | 470,960 |
| 479,638 | 17,410,001 | 17,889,639 | 13,899,847 | ||
| CURRENT ASSETS | |||||
| Cash at bank | 95,698 | 95,698 | 32,560 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
8 | (15,478) | (15,47S) | (15,556) | |
| NKT CURRENT ASSETS | 80,220 | 80,220 | 17,004 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 559,858 | 17,410,001 | 17,969,859 | 13,916,851 | |
| NKT ASSETS | 559,858 | 17,410,001 | 17,969,859 | 13,916,851 | |
| FUNDS | |||||
| Unrestricted funds |
559,858 | 496,642 | |||
| Restricted funds | 17,410,001 | 13,420,209 | |||
| TOTAL FUNDS | 17,969,859 | 13,916,851 |
| INVEST | MENT INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Dividends | received | 2,599 | 2,429 |
| Bank interest | 8 | 2 | |
| 2,607 | 2,431 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property | |
| COST ORVALUATION | |
| At 1 January 2022 | 13,428,8S7 |
| Revaluations | 3,9SS,786 |
| At 31 December 2022 | 17,417,673 |
| NET BOOKVALUE | |
| At 31 December 2022 | 17,417,673 |
| At 31December 2021 | 13,428,887 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| MARKET VALUE | |
| At 1 January 2022 | 470,960 |
| Revaluations | 1,006 |
| At 31December 2022 | 471,966 |
| NET BOOKVALUE | |
| At 31 December 2022 | 471,966 |
| At 31December 2021 | 470,960 |
| Listed investments | comprise the following: | comprise the following: | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Income producing | shares | |||
| 500 Charifunds | income units | at year end market value | 7,347 | 7,781 |
| 62,392NAACIF | income shares | at year end market value | 55,099 | 56,870 |
| 62,446 | 64,561 | |||
| Accumulation shares |
||||
| 3,881NAACIF | accumulation | shares at year end market value | 409,520 | 406,309 |
| 409,520 | 406,309 | |||
| Total UK quoted | shares | 471,966 | 470,960 |
| 7. | CASH AT BANK | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Total | Total | |||
| funds | funds | |||
| Current account | 76,235 | 20,039 | ||
| Deposit account | 19,463 | 12,521 | ||
| Total | 95,698 | 32,560 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Trade creditors | 15,478 | 15,556 | ||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/1/22 | in funds | 31/12/22 | ||
| Unrestricted funds |
||||
| General fund | 496,642 | 63,216 | 559,858 | |
| Restricted funds | ||||
| Emergency Repair Fund |
406,309 | 3,211 | 409,520 | |
| Unrealised Gains on Revaluation |
||||
| Reserve | 13,013,900 | 3,986,581 | 17,000,481 | |
| 13,420,209 | 3,989,792 | 17,410,001 | ||
| TOTAL FUNDS | 13,916,851 | 4,053,008 | 17,969,859 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 209,795 | (146,579) | 63,216 | ||
| Restricted | funds | ||||
| Emergency | Repair Fund | 3,211 | 3,211 | ||
| Unrealised | Gains on Revaluation | ||||
| Reserve | 3,986,581 | 3,986,581 | |||
| 3,989,792 | 3,989,792 | ||||
| TOTAL FUNDS | 209,795 | (146,579) | 3,989,792 | 4,053,008 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/1/21 | in funds | 31/12/21 | |||
| Unrestricted | funds | ||||
| General fund | 492,751 | 3,891 | 496,642 | ||
| Restricted | funds | ||||
| Emergency | Repair Fund | 359,013 | 47,296 | 406,309 | |
| Unrealised | Gains on Revaluation | ||||
| Reserve | 9,220,589 | 3,793,311 | 13,013,900 | ||
| 9,579,602 | 3,840,607 | 13,420,209 | |||
| TOTAL FUNDS | 10,072,353 | 3,844,498 | 13,916,851 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 192,034 | (188,143) | 3„891 | ||
| Restricted | funds | ||||
| Emergency | Repair Fund | 47,296 | 47,296 | ||
| Unrealised | Gains on Revaluation | ||||
| Reserve | 3,793,311 | 3,793,311 | |||
| 3,840,607 | 3,840,607 | ||||
| TOTAL FUNDS | 192,034 | (188,143) | 3,840,607 | 3,844,498 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1/1/21 | in funds | 31/12/22 | |||
| Unrestricted | funds | ||||
| General fund | 492,751 | 67,107 | 559,858 | ||
| Restricted | funds | ||||
| Emergency | Repair Fund | 359„013 | 50,507 | 409,520 | |
| Unrealised | Gains on Revaluation | ||||
| Reserve | 9,220,589 | 7,779,892 | 17,000,481 | ||
| 9,579,602 | 7,830,399 | 17,410,001 | |||
| TOTAL FUNDS | 10,072,353 | 7,897,506 | 17,969,859 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 401,829 | (334,722) | 67,107 | ||
| Restricted | funds | ||||
| Emergency | Repair Fund | 50,507 | 50,507 | ||
| Unrealised | Gains on Revaluation | ||||
| Reserve | 7,779,892 | 7,779,892 | |||
| 7,830,399 | 7,830,399 | ||||
| TOTAL FUNDS | 401,829 | (334,722) | 7,830,399 | 7,897,506 |