## **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