2022-12-31-accounts

			Page
Officers and professional advisers
Report ofthe	Trustees		2-5
Independent	Auditors' Report to the Trustees		6-11
Statement of	Comprehensive Income		12
Statement of	Changes in Reserves		13
Statement of	Financial Position		14
Statement of	Cash flows		15
Notes to the financial statements			16-25
The following	pages do not form part ofthe
statutory financial statements:-
Statement of	Comprehensive Income (detailed)		26
Notes to the Statement of Comprehensive		Income	27

National	Assembly	Assembly	for	Wales
Registered		Number:		A070
Registered		Charity
Number:				219137
Trustees:				Dean of Newport		(resigned			13th	January	2023)	Mr H L Clatworthy		(resigned			13th January 2023)
				Cllr M A Nuaimi	(resigned				13th January 2023)			MrA1hraves	(resigned			13th January 2023)
				Mr I Metheun (resigned				13th January 2023)				Mrs JJones	(resigned			13th	January 2023)
				Mr A Ford (resigned			13th January 2023)					Mrs G Mills (resigned			13th January 2023)
				Mayor of Newport		(resigned			13th January		2023)	Ms M Jacobs	(resigned			13th January 2023)
				Matin Homes Limited			(appointed			13th January 2023)
				Ty'r Efail
Registered		Office:		Lower Mill Field
				Pontypool
				Torfaen NP4 OXJ
				Matin Homes Ltd
Managing		Agents:		Ty'r Efail
				Lower Mill Field
				Pontypool
				Torfaen NP4 OXJ
				Haines Watts Wales			LLP
Auditors:				Chartered Accountants				&
				Statutory Auditors
				7 Neptune Court
				Vanguard Way
				Cardiff
				CF 24 5PJ
				National Westminster				Bank pic
Bankers:				High Street
				Newport
				South Wales NP20			1GG
				Hugh James
Solicitors:				Hodge House
				114-116St Mary	Street
				Cardiff
				CF10 IDY
				(Property deeds	(No.2508)				are deposited		here)

Vanguard Way Cardiff CF 24 5PJ Date..

						2022	2021
					Notes	6	6
Turnover					2	35,594	37,354
Less: Operating	costs					(90,185)	(35,810)
Operating surplus					3	(54,591)	1,544
Movement in fair	value		offinancial	instruments	7	(17,164)	38,118
Interest receivable		and	similar income		4	3,399	3,042
Interest payable	and similar charges				5
Surplus/(Deficit)		before tax				(68,356)	42,704
Tax
Surplus/(Deficit)		after	tax			(68,356)	42,704
Total Comprehensive			income for	the year		(68,356)	42,704

			Notes		2022		2021
					6		6
Tangible fixed assets			6
Building Improvements
-gross cost less depreciation					75,557		56,072
					75,557		56,072
Listed Investments					262,079		314,880
					337,636		370,952
Current assets
Debtors			8	2,444		2,364
Building Society Deposit				17,693		17,535
Cash at Bank				491		36,611
				20,628		56,510
Creditors: Amounts	falling
due within one year			9	(16,931)		(13,629)
Net current assets					3,697		42,881
Total assets less current		liabilities			341,333		413,833
Creditors: Amounts	falling
due after more than	one year		10		(39,261)		(43,405)
Net assets					302,072		370,428
Capital and Reserves
Restricted Reserves					160,344		206,840
Revenue Reserves					141,728		163,588
					302,072		370,428

				2022	2021
				E
Net cash generated	from operating activites (see note 1)			(50,366)	3,807
Cash flow investing	activities
Interest received				3,399	3,042
Disposal/(Purchase)	of Investments			35,637	(5,672)
Cash flow from financing activities
Component Replacements				(24,632)
Interest paid				0
Net change in cash	and cash equivalents			(35,962)	1,177
Cash and cash equivalents		at beginning	ofthe year	54,146	52,969
Cash and cash equivalents		at end ofthe	year	18,184	54,146
Note 1				2022	2021
Operating Surplus/(Deficit)		for the year		(54,591)	1,544
Adjustments for non	cash items:
Depreciation of tangible fixed asset				5,147	5,152
Amortisation ofgrant				(4,144)	(4,144)
Decrease/(Increase)	in trade	debtors		(80)	371
Increase/(Decrease	in creditors)			3,302	884
Proceeds from Investments		sale
Total				-50,366	3,807
Cash and Cash Equivalents		Consist of:
Cash at bank				491	36,611
Deposits				17,693	17,535
				18,184	54,146

	Applied
Building structure	2
Windows/Doors	4
Roofs	2
Bathrooms	4
Kitchens	6.67
Heating System	3.33
Boiler	10

							2022				2021
							Turnover	Operating	Operating		Turnover	Operating		Operating
								Costs	Surplus				Costs	Surplus
										6				f
Social housing licence charges							35,594	(90,185)		(54,591)	37,354		(35,810)	1,544
(Note 2(b))
							35,594	(90,185)		(54,591)	37,354		(35,810)	1,544
Income and expenditure			from social housing				licence charges
														2022	2021
									General
									needs	and		Other social
									sheltered		Supported	housing	letting
									housing		Housing	income		Total	Total
										6	6				f
Income
Licence charge income										31,450				31,450	33,210
Service charge income
Income for support	services
Other revenue grants
Amortised grants										4, 144				4, 144	4,144
Turnover from somal housmg				licence charges						35,594				35,594	37,354
Cost
Management costs										10,846				10,846	10,530
Service charge costs
Routine maintenance										50,726				50,726	11,314
Major repairs expenditure
Cyclical Redecoration										13,207				13,207
Bad debts
Depreciation of housing		properties								5,152				5,152	5,152
Other costs										10,254				10,254	8,814
Operating costs on	social		housing		activities					90,185				90,185	35,810
Operating (deficit)/surplus			on	social housing		licence charges				(54,591)				(54,591)	1,544
Licence charge loss	due		to voids		(memorandum		note)			(2,528)				(2,528)	(386)

3	Operating Surplus
				2022	2021
	The operating surplus/deficit		is stated after char!	f	f
	Depreciation			5,152	5,152
	Bad Debt Provision
	Auditors' remuneration, including
	- In their capacity as auditors			2,633	1,755
4	Interest receivable	and similar income
				2022	2021
				f	f
	Income from listed investments			3,320	2,963
	Income from building	society account		79	79
				3,399	3,042
5	Interest payable and similar		charges
				2022	2021
				f	f
	Interest payable on	bank loans

	2022	2021
		F
Cost
At beginning ofyear	165,526	165,526
Components	24,632
At end ofyear	190,158	165,526
Depreciation
At beginning ofyear	109,454	104,299
Charge for year	5,147	5,155
At end ofyear	114,601	109,454
Net book value
At end ofyear	75,557	56,072

		Charity						Charity
		Multi Asset	M&G Charity	Multi Asset	M8 G Charity	Multi Asset		Multi Asset
		Accumulation	Accumulation			Income		Income
		No.		Value		No.		Value
				6
At 1 January	2022	1,168		122,258			34,085	31,070
Additions
Disposals
Revaluation				966				(969)
At 31 December 2022		1,168		123,224			34,085	30,101
		C.O.I.F		C.O.I.F.		C.O.I.F		C.O.I.F.
		Accumulation	Accumulabon			Income		Income
		No.		Value		No.		Value
				f				6
At 1 January	2022	349		84,582			3,741	76,970
Additions							199	3,651
Disposals		(180)		(39,288)
Revaluation				(8,174)				(8,987)
At 31 December 2022		169		37,120			3,940	71,634

		Total Listed
		Investment
		Value
At 1 January	2022	314,880
Additions		3,651
Disposals		(39,288)
Revaluation		(17,164)
At 31 December 2022		262,079

The s being	hares have been valued at 31stDecember 2 as follows:	022, the values used
		2022		2021
M&G	Income Shares	88.31	p	91.15	p
M&G	Accumulation Shares	10,553.09	p	10,470.35	p
COIF	Accumulation Shares	22,069.90	p	24,252.25	p
COIF	Income Shares	1,817.49	p	2,056.64	p

8	DEBTORS			2022	2021
				f	f
	Arrears			397	610
	Less: bad debts provision
				397	610
	Prepayments &accrued income			2,047	1,754
				2,444	2,364
9	Creditors: Amounts falling due			2022	2021
	within one year			f	6
	Licence charge creditor			1,548	1,476
	Maintenance and Service Charges		Creditors	6,160	3,404
	Audit Creditor			2,275	1,788
	Management fee payable			2,711	2,632
	Prepaid Income			93	185
	Deferred Income net ofamortisation			4,144	4, 144
				16,931	13,629
10	Creditors: Amounts falling due
	after more than one year			2022	2021
	Deferred Income net of amortisiation			39,261	43,405
	Brought forward Social Housing	Grant		138,475	138,475
	Amortised to 31 December 2021			(86,780)	(82,636)
	Amortised during year			(4,144)	(4,144)
	Carried forward Social Housing	Grant		43,405	47,549

11	Number of	Units in	Management
					2022	2021
					Number	Number
	At beginning	and end	ofyear
	All units are	managed	by Melin Homes	Ltd

			2022	2021
			F
Social	Housing	Grant	158,453	158,453

		Notes	Notes	2021		2020
INCOME				8		f
Income				35,594		37,355
				35,594		37,355
EXPENDITURE
Management	fee			10,846		10,530
Rates				0		0
Day to day repairs				50,726		11,314
Major Repairs				0		0
Cyclical Redecoration				13,207		0
Bad Debts				0		0
Service costs				5,890		5,124
Depreciation				5,152		5,152
Insurance				1,444		1,278
Audit fee				2,633		1,755
Subscriptions				224		182
Miscellaneous				63		476
				90,185		35,811
Operating surplus		/ (deficit)		(54,591)		1,544
Add: Other Income
Income from investments			3,320		2,963
Building Society deposit interest			79		79
				3,399		3,042
				(51,192)		4,586
Movement on	fair value of Financial		Instruments	(17,164)		38,118
Surplus / (deficit) for the year				68,356		42,704

1	Income			2022	2021
	Gross contributions	receivable	from occupants	33,978	33,597
	Less: Voids			(2,528)	(386)
	Grant Amortised			4,144	4,144
				35,594	37,355

2	MISCELLANEOUS	2022	2021
	Flowers for Residents
	Vouchers		476
	Postage
	TV Licence	63
	Taxis
		63	476