| Page | |||||
|---|---|---|---|---|---|
| Legal g. Administrative | Information | ||||
| Report of | the Trustees | 2-4 | |||
| Independent Examiner's |
Report | ||||
| Statement | ofComprehensive Income |
||||
| Statement | of Financial | Position | |||
| Statement | ofChanges | in Reserves | |||
| Statement | of Cash Flow | ||||
| Notes to the Accounts | 10-20 | ||||
| Notes not | forming part | ofthe Financial | Statements:- | ||
| ~ Detailed income |
and expenditure | account | 21 |
| Charity No: | 218821 | ||
|---|---|---|---|
| Address of | Charity: | Leonard Street, | |
| Neath. | |||
| (Administered | by Tai Tarian Limited) | ||
| Independent | Examiner: | WBV Limited | |
| Chartered Accountants |
|||
| Statutory Auditors |
|||
| Woodfield House |
|||
| Castle Walk | |||
| Neath | |||
| SA113LN | |||
| Bankers: | Lloyds Bank Pic | ||
| Neath |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | 6 | ||||
| Turnover | 45,239 | 36,463 | ||||
| Grants received | ||||||
| Operating | expenditure | (47,243) | (41,984) | |||
| Operating | deficit | (2,004) | (5,521) | |||
| Profit on | the sale | of Investments | ||||
| Interest | receivable | and other Income | 3,996 | 3,529 | ||
| Movement | in fair | values of investments | (3,561) | 5,635 | ||
| (Deficit) | / | Surplus | before taxation | (1,569) | 3,643 | |
| Taxation | ||||||
| (Deficit) | / | Surplus | for the year | (1,569) | 3,643 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | Note | |||||||
| Housing properties | 234,527 | 236,801 | ||||||
| Less SHG | (221,153) | (221,153) | ||||||
| Plant and Equipment | ||||||||
| 13,374 | 15,648 | |||||||
| Current assets | ||||||||
| Debtors | 10 | 4,137 | 3,983 | |||||
| Investments | 113,545 | 116,983 | ||||||
| Cash and cash equivalents | 50,019 | 40,961 | ||||||
| 167,701 | 161,927 | |||||||
| Creditors: amounts | falling due within | one | year | 12 | (9,586) | (4,517) | ||
| Net current | assets | 158,115 | 157,410 | |||||
| Total assets | less current | liabilities | 1727489 | 173,058 | ||||
| Net assets | 171jl89 | 173,058 | ||||||
| Capital and | reserves | |||||||
| Exchequer Contributions |
and Endowment | Fund | 4,798 | 4,798 | ||||
| Income and | Expenditure | Reserve | 14 | 83,289 | 79,493 | |||
| Designated | Reserves | 13 | 83,402 | 88,767 | ||||
| Total capital | and reserves | 171,489 | 173,058 |
| Income & Expenditure |
Designated Reserves |
Endowment Fund |
2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Reserve | ||||||
| E | E | f | E | |||
| At beginning ofyear | 79,493 | 88,767 | 4,798 | 173,058 | 169,415 | |
| (Deficit) / Surplus | for the year | (1,569) | (1,569) | 3,643 | ||
| Transfers between |
reserves | 5,365 | (5,365) | |||
| At 31March 2023 | 83,289 | 83,402 | 4,798 | 271/l89 | 173,059 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 6 | 6 | |||||
| Net cash generated from |
operating | activities | 16 | 5,186 | (1,798) | ||
| Cash flow from investing | activities | ||||||
| Interest received | 50 | ||||||
| Dividends received |
3,946 | 3,528 | |||||
| Proceeds ofsale ofinvestments | |||||||
| Purchase ofinvestments | (124) | (102) | |||||
| Net cash flow from investing | activities | 3,872 | 3,427 | ||||
| Net increase in cash and |
cash | equivalents | 9,058 | 1,629 | |||
| Cash and cash equivalents | at | beginning | ofyear | 40,961 | 39,332 | ||
| Cash and cash equivalents | at | 31March 2023 | 50,019 | 40,961 | |||
| Cash and cash equivalents | consists | of:- | |||||
| Cash at bank and in hand | 50,019 | 40,961 | |||||
| Cash and cash equivalents | at | 31March 2023 | 50,019 | 40,961 |
| 2.TURNOVER, OPERATING COSTS | 2.TURNOVER, OPERATING COSTS | AND OPERATING | AND OPERATING | SURPLUS | ||
|---|---|---|---|---|---|---|
| INCOME AND EXPENDITURE | FROM | SOCIAL HOUSING | LETTINGS | 2023 | 2022 | |
| Income | ||||||
| Rents receivable | 45,239 | 36,463 | ||||
| 45,239 | 36,463 | |||||
| Grants received | ||||||
| Other income from social housing | lettings | |||||
| Turnover from social housing |
lettings | 45,239 | 36,463 | |||
| Expenditure | ||||||
| Management costs |
14,660 | 14,660 | ||||
| Other costs | 14,225 | 20,735 | ||||
| Maintenance costs |
16,061 | 4,361 | ||||
| Losses from bad debts | 23 | (46) | ||||
| Depreciation and amortisation |
2,274 | 2,274 | ||||
| Operating costs on social housing |
lettings | 47,243 | 41,984 | |||
| Operating Deficit on social housing |
lettings | (2,004) | (5,521) | |||
| Rent loss due to voids (memorandum | note) | (6,994) | (12,846) |
| 3.INTEREST RECEIVABLE AND OTHER INCOME | 3.INTEREST RECEIVABLE AND OTHER INCOME | 3.INTEREST RECEIVABLE AND OTHER INCOME | 2023 | 2022 |
|---|---|---|---|---|
| f | E | |||
| Dividends | receivable | from Investments | 3,946 | 3,528 |
| Bank and | short term | deposit interest receivable | 50 | 1 |
| 3,996 | 3,529 |
| 4.OPERATING | SURPLUS/ | (DEFICIT) | (DEFICIT) | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| 6 | E | |||||
| Operating surplus / (deficit) for |
the year is stated after charging: | |||||
| Depreciation | and amortisation | offixed | assets | 2,274 | 2,274 | |
| Independent | examiners | remuneration | (inclusive of VAT) | |||
| —Non audit services | (330) | 2,820 |
| 6.EMPLOYEES | |
|---|---|
| Care/Domestic | Staff |
| Staff Costs:- | |
| Wages and Salaries |
| 2023 | 2022 |
|---|---|
| Number | Number |
| E | E |
| Property | ||||||
|---|---|---|---|---|---|---|
| Improvements | Equipment | Total | ||||
| f | f | E | ||||
| Cost | ||||||
| At beginning | of | year | 284,807 | 11,324 | 296,131 | |
| At 31March | 2023 | 284,807 | 11,324 | 296,131 | ||
| Depreciation | ||||||
| At beginning | of | year | (48,006) | (11,324) | (59,330) | |
| Charged during |
the | year | (2,274) | (2,274) | ||
| At 31March | 2023 | (50,280) | (11,324) | (61,604) | ||
| Net book value | ||||||
| At 31March | 2023 | 234,527 | 234,527 | |||
| At 31March | 2022 | 236,801 | 236,801 | |||
| 9.SOCIAL HOUSING | GRANT | 2023 | 2022 | |||
| E | E | |||||
| Balance brought | forward | 221,153 | 221,153 | |||
| Received in |
the | year | ||||
| Balance carried | forward | 221,153 | 221,153 |
| 10.DEBTORS | 2023 | 2022 | ||
|---|---|---|---|---|
| E | E | |||
| Amounts due within one year |
||||
| Arrears of rent | and service charges | 1,012 | 900 | |
| Less: provision | for bad and doubtful | debts | (212) | (189) |
| 800 | 711 | |||
| Sundry Debtors | 1,844 | 2,401 | ||
| Prepayments | 1,493 | 871 | ||
| 4,137 | 3,983 |
| 11.INVESTM | ENTS | 2023 | 2022 | ||
| f | f | ||||
| At beginning | ofyear | 116,982 | 111,245 | ||
| Reinvestment | ofaccumulation | dividends | 124 | 102 | |
| Disposal at valuation | |||||
| Revaulation | in year | (3,561) | 5,635 | ||
| At 31March | 2023 | 113,545 | 116,982 | ||
| The historical | cost of investments | above is as follows:- | |||
| At 1April 2021and 31March | 2023 | 76,436 | 76,313 |
| 2023 | 2022 |
|---|---|
| f | f |
| 3,946 | 3,528 |
| 12.CREDITORS |
|---|
| Amounts due within one year |
| Trade Creditors |
| Accruals |
| 2023 | 2022 |
|---|---|
| f | |
| 463 | 271 |
| 9,123 | 4,246 |
| 9,586 | 4,517 |
| Extraordinary | Cyclical | |||||||
|---|---|---|---|---|---|---|---|---|
| Repair | Maintenance | 2023 | 2022 | |||||
| Fund | Fund | |||||||
| 2023 | 6 | f | ||||||
| Balance brought | forward | 50,754 | 38,013 | 88,767 | 122,947 | |||
| Transfer from revenue | reserve | 3,200 | 6,200 | 9,400 | 13,560 | |||
| 53,954 | 44,213 | 98,167 | 136,507 | |||||
| Transfer to expenditure |
revenue in the |
reserve re year |
(13,713) | (1,052) | (14,765) | (2,740) | ||
| Transfer to | revenue | reserve | 0 | (45,000) | ||||
| Balance carried | forward | 40,241 | 43,161 | 83,402 | 88,767 |
| Extraordinary | Cyclical | ||||||
|---|---|---|---|---|---|---|---|
| Repair | Maintenance | 2023 | |||||
| Fund | Fund | ||||||
| f | f | ||||||
| Repair expenditure | incurred | on project | |||||
| General repairs | 13,713 | 1,052 | 14,76S | ||||
| Professional | fees | ||||||
| 13,713 | 1,052 | 14,765 | |||||
| Transfer from designated | funds | 13.713 | 1,052 | 14,765 |
| PROPERTY REVENUE ACCOUNT | PROPERTY REVENUE ACCOUNT | PROPERTY REVENUE ACCOUNT | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|
| E | E | ||||||||
| Income | |||||||||
| Rents receivable | 45,239 | 36,463 | |||||||
| Grant received | |||||||||
| 45,239 | 36,463 | ||||||||
| Expenditure | |||||||||
| Repairs and Maintenance | 16,061 | 4,221 | |||||||
| Heating and Lighting |
9,718 | 11,943 | |||||||
| Insurance | 1,025 | 1,140 | |||||||
| CouncilTax | 1,714 | 3,339 | |||||||
| Water Rates | 1,770 | 1,340 | |||||||
| Management Charges |
14,660 | 14,660 | |||||||
| 44,948 | 36,643 | ||||||||
| Surplus / (Deficit) | for year transferred | to Income | and | Expenditure | Account | 291 | (180) | ||
| GENERAL INCOME AND EXPENDITURE | ACCOUNT | 2023 | 2022 | ||||||
| E | E | ||||||||
| Other Income | |||||||||
| Deposit Account | 50 | 1 | |||||||
| Other Investment | income | 3,946 | 3,528 | ||||||
| Surplus on sale of investments | |||||||||
| 3,996 | 3,529 | ||||||||
| Community Alarm |
Service | 140 | 140 | ||||||
| Professional Fees |
|||||||||
| Bank Charges | (30) | ||||||||
| Subcriptions | 189 | 183 | |||||||
| Accountancy Fee |
(330) | 2,820 | |||||||
| Losses from Bad Debts | 23 | (46) | |||||||
| Depreciation | 2,274 | 2,274 | |||||||
| Other | |||||||||
| 2,296 | 5,341 | ||||||||
| Surplus for the year | 1,700 | (1,812) | |||||||
| Surplus / (Deficit) | transferred | from Property | Revenue | Accounts | 291 | (180) | |||
| Surplus / (Deficit) | for the year | before investment | revaluation | 1,992 | (1,992) |