2023-03-31-accounts - The Hartlepools War Memorial Homes And The Crosby Homes

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			The	Hartlepools War Memorial homes an Trustees' annual	d the Crosby Home report and account 31 March 202
Contents
Trustees	and Advisors.				.............2
Report of	the Trustees				3
Statement	ofthe Responsibilities		ofthe Trustees	in Respect ofthe Accounts.
Report of	the Auditors.				.............6
Statement	ofcomprehensive		income for the year ended 31"March 2023 ...
Statement	ofchanges	in reserves for the year ended 31~March 2023 .
Statement	of financial	position	as at 31st March 2023.		........... 10
Notes .					.....11 - 17

			2023	2022	2021	2020	2019
Operating costs as e percentage		of
turnover (Excluding Amortisation		and	60,91%	53.00%	64 34olo	50.65%	74.28'lo
Depreciation)
Maintenance costs per unit			61,481		E1,642	F1,030	F1,959
No ofVoids in year
Routine repairs completed	on time		96.58olo	95.97%	89.68%	95.50%	98.09%

				2022
Turnover			103,109	102,574
Operating Costs			(62,803)	(54,365)
Depreciation			(14,657)	(17,656)
Operating (Deficit)/Surplus			25,649	30,553
Loss on disposal of Fixed Assets				(1,322)
Interest receivable			1,134	l,ill
Total Comprehensive	Income for the year		26,783	30,342
Transfer from Designated		Reserves
Income and Expenditure		Reserve at 1 April 22	392,555	362213
Xncome and Expenditure		Reserve at 31March 23	419,338	392,555

orthe year	e	31March 2()2	2
						Charitaafe
		Xnvestrnent	xnconfe a			Fund
		Revaluation	Expenditure	Oesfgnated	Other	Property	total
		Resenre	Account	Resenre	Reserves	Reserve	Reserves
		E	E	E		E	E
Balance as at 1"Apnl 2022		223,767	392,555	120,311	918	99,102	836,653
Total comprehensive income/(Deficit) for			26,783				30,342
the year
Revaluation surplus arising during the		(3,376)					25,988
year
Balance as at 3»0	3	2030	419338	120,311			860,060

					The	llartlepools	f4emorial homes and the	f4emorial homes and the	Crosby Homes
							Trustees'	annual report and accounts
									31 March 2023
Statement of Financial as at 33."March 2023				Position
								2022	2022
Fixed Assets
Tangible Assets Investments					6a 7		475,707 256,701		482,314 260,277
Current Assets							732,408		742,391
Debtors Cash at bank and in		hand				5,036 390,064		4,962 360,466
Creditors: Amounts		falling				395,100		365,428
due within one year						(7,468)		(7,809)
Net Current Assets							387,632		357,619
Total Assets							1,120,040		1,100,010
Creditors: Amounts	falling
due after more than			one	year	6b		(259,980)		(263,357)
Totai Net Assets							860,060		836,653
Reserves
Investment Revaluation			Reserve				220,391		223,767
Income 8 Expenditure		Account					419,338		392,555
Designated Reserve Cither Reserves							120,311 918		120,311 918
Charitable Fund Property			Reserve				99,102		99,102
							860,060		836,653

Turnover and Operating	Turnover and Operating	Surpius for the Year by Class ofBusiness	Surpius for the Year by Class ofBusiness	Surpius for the Year by Class ofBusiness
				2023
				E
Turnover from lettings
Rents and service	charges receivable			101,383	100,802
Amortised government		grants		3,376	3,376
				104,759	104,178
Operating Expenditure
Bad debts written	off
Management Day to day repairs Services (including	8 maintenance Water Rates)			16,376 35,541 10,886	15,574 28,700 10,093
Depreciation				14,657	17,656
Totai Expenditure	on	Social Housing	Lettings	77,460	72,023
Void Losses				(1,650)	(1,604)

angible Assets	The Hartlepools YYar M	emorial homes an Trustees' annual	d the CrosbY report and acc 31 March
		Fixtures
		anti
		Fittings
Cost:		g
At 1st April 2022	779,009	10,161	789,170
Additions Disposafs At 31st March 2023	8,050 (18,920) 768,139	10,161	8,050 (18,920) 7?8,300
Less: Depreciation
At 1'" April 2022 Charge for the year	296,695 14,657	10,161	306,856 14,657
Disposals At 31"March 2023	(18,920) 292,432		(18,920) 302,593
Net Book Value:
31"March 2023 1"April 2022	6 475,707 6482,314		6 475,707 6 482,314

ocial Housing A	ssisltance	- Cr	editors failing	due after more t	han one year
					2023
					6
Total accumulated	social housing		grant received	at 31March 22	337,637	337,637
Recognised in the statement		of	comprehensive	income	(77,657)	(74,280)
Held as deferred	income				259,980	263,357

No	tes (continued)
7.	Fixed Asset Investments
						2023	2022
	Valuation at 1"April 2022 Disposals					260,077	234,090
	Surplus arising on revaluation At 31 March 2023					(3,376) 256,701	25,987 260,077
The	investments comprise the following:-
						2023
	2080.17(2013:2080.17)COIF Income Shares 943.44 (2013:943.44) COIF Accumulation Shares 3'/~oyo War Stock (nominal E2,319.80)					38,927 215,945 1,829	40,443 217,804 1,829
						256,701	260,076
	The historical cost of investments			is analysed	as follows:—
							2022
	COIF Income Shares					19,089	19,089
	COIF Accumulation Shares 3'4'lo War Stock					14,666 1,750	14,666 1,75Q
						35,505	35,505
	Rental debtors					3,664	3,691
	Prepayments and accrued	income				1,372	1,271
						5,036	4,962
9.	Creditors: Amounts falling		due	within one year
	Prepaid rents					139	374
	Trade creditors and accruals					7,329	7,435
						7,468	7,809