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||||||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|
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|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||
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||||||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|
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|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|
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|6.EMPLOYEES||
|---|---|
|Care/Domestic|Staff|
|Staff Costs:-||
|Wages and Salaries||
|2023|2022|
|---|---|
|Number|Number|
|E|E|
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|||||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|
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|---|---|---|---|---|---|
|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|
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|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|
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||||||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|
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|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)|