2023-03-31-accounts

STURGE FLATS CHARITABLE TRUST

(Registered Charity Number 219780)

BALANCE SHEET AT 31 MARCH 2023

Note Housing Land and Buildings 2 Investments (at market value) 3 Current Assets 4 Less: Current Liabilities 4 Net Current Assets Net Assets Represented by: General Fund Improvements and Major Repairs Fund	£ 2023 22,086 557,259 579,345 75,062 1,946 73,116 652,461 652,341 - 652,461	£ 35,059 539,988 575,047 91,987 851 91,136 666,183 666,183 - 666,183	35,059 539,988
			666,183
			666,183 -
			666,183

These financial statements were approved by the Trustees on 4 July 2023 and signed on their behalf by:

Michael Sturge	Anne Ullathorne
Michael Sturge	Anne Ullathorne
Chair	Trustee

2

STURGE FLATS CHARITABLE TRUST

(Registered Charity Number 219780)

Notes to the Accounts for the year ended 31 March 2023

1 Basis of preparation

The accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice, applicable accounting standards, and with the Companies Act 2006. The charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statment on the grounds that it is a small charity.

Housing Land and Buildings

Freehold property is stated at the cost of acquisition.

2 Housing Land and Buildings At 1 April 2022 Less: Amortisation of Leasehold Property in year At 31 March 2023	£ 35,059 (12,973)
	22,086

Analysed as follows:

Freehold Property Leasehold Property 3 Investments Market Value at 1 April Addition during year (Decrease)/increase in market value at year end Market Value at 31 March	22,086 - 22,086 2023 2022 £ £ 539,988 500,907 50,000 - (32,729) 39,081	22,086 -
		22,086
	557,259 539,988

Investments consist of 19,422 Units (2022 19,422 Units) Charifund Income Units and 95,474 Units (2022 78,693) COIF Charities Ethical Investment Fund Income Units.

4 Net Current Assets

Net Current Assets CAF Deposit and CAF Cash COIF Deposit Due from Bournville Village Trust Rent due Rent paid in advance Debtors Less: Current Liabilities 3	2023 2022 £ £ 71,013 80,986 252 248 1,953 10,537 1,035 216 - (662) 809 - (1,946) (189)
	73,116 91,136

5 Rents Gross Rents Receivable Less: Voids 6 Support Costs Repairs and Renewals Major Repairs Gardening Insurance Others 7 Management Costs Bournville Village Trust	2022/23 2021/22 £ £ 24,745 34,991 - -
	24,745 34,991
	8,284 6,680 2,017 - 2,177 2,856 796 999 305 668
	13,579 11,203
	3,387 5,001

4

StURGE FLATS CMARITABLE TRusr Re8iSter¢d Charity Nurnber 219780 REPO1￿ OF THE INDEPENDEKf EXAMINER FOR THE YEAR ENDED 31- MARCH 2023 I rep(￿ to the charity trustees on the accounts otthe Charity for the year ended 315t M4r¢h 2023. Respecttve reSp￿SIbIlItIeS ol trustees and eyamlner As the Charitys tNJtees you are responsible for the prep•r•tlon of aceounts in accordance with the requirements of the Charities Art 2011 (the 2011 Act). I report in respectof my examination of the Trusvs accounts carried out under section 145 of the 2011 Act. and in carrying out my examination. I ha¥e followed the appliuble directions given by the Charity Cornmission under sertion 14515)Ib} of the Act. Independent Examln*s Statern￿¢ I have completed my examination. I confirm that no material matters have come to my atteTrtbon in connection with the examination givi￿ me Cause to believe that The accountin8 records were not kept in accordarKe with section 130 ofthe Charities Art; or The accounts did not accord with the accounting records: or The accounts did not comply with the appliuble requirpJnents ¢oKèrnlng the forn) and content ofacu)unts set out in the Charities (Accounts and Reports} Regulations 21XVd other than any requirernent that the accounts give a 'true and falrf viewwhlch Is not a matter C¢)nsldered as partof afi IndÈpefidÈnt Èxamlhatloh: or the accounts have Mt been prepareql in acrordance with the methods and principlès of the Statement of Recomrnended Practice for accounting and reP(￿tIng by charities IFRS102). I have no concerns and have tome across no other matters in connection with the examination to whiih attention should be drnwn in this report in order to enable a proper understandin8 of the accounts to be reached. Keith Barne5, FCMA 2 Beeforth Close New Earswick York Y032 4DF