E W KING MEMORIAL HOMES Fif4ANCIAL STA'fEMEIYTS YEAR ENDED 31 ocfoBER 2022
| Pages | ||
|---|---|---|
| Charity Information | ||
| Trustees' Annual Report |
2&3 | |
| Statement ofTrustees' | Responsibilities | |
| Independent Examiner's |
Report | |
| Income and Expenditure | Account | |
| Balance Sheet | ||
| Notes to the Financial Statements |
8to 11 |
| Notes | Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| TURNOVER | ||||||
| Contributions from residents |
24,954 | 25,323 | ||||
| EXPENSES | ||||||
| Services | 3,910 | 3,792 | ||||
| Management | 10 | 3,812 | 7,330 | |||
| Independent examiners fees |
780 | 768 | ||||
| Day to day maintenance | 44,452 | 5,292 | ||||
| Sundry expenses | 487 | 482 | ||||
| 53,441 | 17,664 | |||||
| OPERATING (DEFICIT) | SURPLUS | 2 | (28,487) | 7,659 | ||
| Interest receivable and other |
income | 3 | 6,553 | 5,808 | ||
| (DEFICIT) SURPLUS ON ORDINARY | ||||||
| ACTIVITIES BEFORETAXATION | (21,934) | 13,467 | ||||
| Tax on surplus on ordinary |
activities | 4 | ||||
| (DEFICIT) SURPLUS FOR THE FINANCIAL YEAR AFTER TAXATION |
(21,934) | 13,467 | ||||
| RETAINED (DEFICIT) SURPLUS FOR | YEAR | (2i,934) | 13,467 |
| EW KING MEMORIAL HOMES | EW KING MEMORIAL HOMES | ||||||
|---|---|---|---|---|---|---|---|
| BALANCE SHEET | |||||||
| AS AT 31OCTOBER 2022 | |||||||
| Notes | 2022 | 2021 | |||||
| FIXEDASSETS | |||||||
| Housing property |
at | cost | 163,951 | 163,951 | |||
| Less: social housing | grant | (63,718) | (63,718) | ||||
| 100,233 | 100,233 | ||||||
| CURRENT ASSETS | |||||||
| Debtors and prepayments | 6 | 718 | 7,469 | ||||
| Cash at bank and | in | hand | 78,385 | 102,045 | |||
| Investments | 7 | 126,190 | 119,611 | ||||
| 205,293 | 229,125 | ||||||
| CREDITORS: Amounts | falling | due | |||||
| within one year |
1,803 | 3,701 | |||||
| NET CURRENT | ASSETS | 203,490 | 225,424 | ||||
| NET ASSETS | 303,723 | 325,657 | |||||
| RESERVES | |||||||
| Revenue reserve | 303,723 | 325,657 | |||||
| 303,723 | 325,657 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Independent | examiners | fees | 780 | 768 | |
| 3. | INTEREST | RECEIVABLE AND OTHER INCOME | |||
| 2022 | 2021 | ||||
| Dividends | 6,553 | 5,808 | |||
| Bank Interest | |||||
| 6,553 | 5,808 |
| TANGIBLE FIX | EDASSETS | |
|---|---|---|
| Housing | ||
| Property | ||
| As at 1 November | 2021 and | |
| 31 October 2022 | 163,951 | |
| NET BOOK VALUE | ||
| As at 31 October | 2022 | 163,931 |
| As at 31 October | 2021 | 163,951 |
| 6. | DEBTORS | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Prepayments and accrued income |
718 | 7,469 | ||||||
| 7. | INVESTMENTS | |||||||
| The National Association of |
Almshouses | Common | Investment | Fund | ||||
| 2022 | 2021 | |||||||
| Number ofshares at I November | 2021 | 5,463 | 5,461 | |||||
| Purchases in the year |
I | 2 | ||||||
| Number ofshares at 31 October 2022 | 5,464 | 5,463 | ||||||
| 2022 | 2021 | |||||||
| Cost ofshares at I November | 2021 | 119,611 | 113,784 | |||||
| Purchased in the year |
150 | 150 | ||||||
| Income on respect ofAccumulation | Shares retained | in the fund | 6,429 | 5,677 | ||||
| Cost ofshares at 31 October | 2022 | 126,190 | 119,611 |
| 8. | CREDITORS amounts | falling due within one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Independent examiners |
fees | 780 | 768 | |
| Other provisions and accruals |
1,023 | 2,933 | ||
| 1,803 | 3,701 |
| 9. RESERVES | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Revenue reserve | |||||
| At 1 November |
2021 | 325,657 | 312,190 | ||
| Retained (deficit) surplus | for the year | (21,934) | 13,467 | ||
| At 31October 2022 | 303,723 | 325,657 | |||
| 10. HOUSING CORPORATION | ALLOWANCES/COSTS | ||||
| 2022 | 2021 | ||||
| 8 Units (2019-8) | |||||
| Allowances | 3,812 | 7,330 | |||
| Costs | 3,812 | 7,330 |