| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Report ofthe Independent | Auditors | 5 | to | 8 |
| Statement of Financial Activities | ||||
| Balance Sheet | 10 | |||
| Notes to the Financial Statements | 11 | to | 20 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | E | F | F | E | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
3 | 50 | 50 | |||
| Charitable activities |
5 | |||||
| Sheltered accomodation |
for the | active elderly | 484,802 | 484,802 | 447,549 | |
| Investment income |
||||||
| Total | 484,855 | 484,855 | 447,552 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
6 | |||||
| Sheltered accomodation |
for the | active elderly | 523,399 | 523,399 | 498,837 | |
| NET INCOME/(EXPENDITURE) | (38,544) | (38,544) | (51,285) | |||
| Other recognised gains/(losses) |
||||||
| Gains on revaluation offixed assets |
766,397 | |||||
| Net movement in funds |
(38,544) | (38,544) | 715,112 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
2,393,034 | 1,734,697 | 4,127,731 | 3,412,619 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,354,490 | 1,734,697 | 4,089,187 | 4,127,731 |
| BALANCE SHEET 31 DECEMBER 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Notes | 6 | 6 | |
| FIXEDASSETS | |||
| Tangible assets | 12 | 5,629,550 | 5,628,005 |
| CURRENT ASSETS | |||
| Stocks | 13 | 753 | |
| Debtors | 14 | 1,431 | 4,689 |
| Cash at bank | 2,519 | 6,486 | |
| 3,950 | 11,928 | ||
| CREDITORS | |||
| Amounts falling due within one year |
15 | (254,362) | (139,012) |
| NET CURRENT ASSE'TS | (250,412) | (127,084) | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 5,379,138 | 5,500,921 | |
| CREDITORS | |||
| Amounts falling due after more than one |
year 16 | (1,289,951) | (1,373,190) |
| NET ASSETS | 4,089,187 | 4,127,731 | |
| FUNDS | 20 | ||
| Unrestricted funds |
2,354,490 | 2,393,034 | |
| Endowment funds |
1,734,697 | 1,734,697 | |
| TOTAL FUNDS | 4,089,187 | 4,127,731 |
| FOR TH | FOR TH | FOR TH | E YE | AR ENDED | 31 | DECEMB | ER 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| DONATIONS | AND LEGACIES | ||||||||||
| 2022 6 |
2021 f |
||||||||||
| Donations | 50 | ||||||||||
| INVESTMENT | INCOME | ||||||||||
| 2022 | 2021 | ||||||||||
| 6 | F | ||||||||||
| Deposit account interest | 3 | 3 | |||||||||
| All investment | income is | derived | from | assets held | in | the United | Kingdom. | ||||
| INCOME FROM CHARITABLE | ACTIVITIES | ||||||||||
| 2022 | 2021 | ||||||||||
| Activity | F | ||||||||||
| Sheltered | accomodation | for the active | |||||||||
| Charitable | rental income | elderly | 484,802 | 447,549 | |||||||
| CHARITABLE | ACTIVITIES COSTS | ||||||||||
| Support | |||||||||||
| Direct | costs (see | ||||||||||
| Costs | note 7) | Totals | |||||||||
| 6 | F | E | |||||||||
| Sheltered | accomodation | for the | |||||||||
| active elderly | 450,403 | 72,996 | 523,399 | ||||||||
| SUPPORT COSTS | |||||||||||
| Governance | |||||||||||
| Finance 6 |
costs f |
Totals 6 |
|||||||||
| Sheltered | accomodation | for the | active | ||||||||
| elderly | 65,592 | 7,404 | 72,996 | ||||||||
| Support costs, | included | in the above, | are as follows: | ||||||||
| Finance | |||||||||||
| 2022 | 2021 | ||||||||||
| Sheltered | |||||||||||
| accomod ation | |||||||||||
| for the | |||||||||||
| active | Total | ||||||||||
| elderly | activities | ||||||||||
| 6 | |||||||||||
| Bank charges | 1,178 | 1,040 | |||||||||
| Bank loan | interest | 64,414 | 51,009 | ||||||||
| 65,592 | 52,049 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | F | ||
| Auditors | remuneration | 6,000 | |
| Depreciation - owned assets |
3,939 | 4,537 | |
| Previous | auditors remuneration |
500 | 6,760 |
| STAFF COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| F | ||
| Wages and salaries | 209,774 | 204,174 |
| Social security costs | 14,707 | 12,007 |
| Other pension costs | 3,200 | 3,329 |
| 227,681 | 219,510 |
| NOTES TO THE FINANCIAL STATEMENTS - continue FOR THE YEAR ENDED 31 DECEMBER 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continue FOR THE YEAR ENDED 31 DECEMBER 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continue FOR THE YEAR ENDED 31 DECEMBER 2022 |
NOTES TO THE FINANCIAL STATEMENTS - continue FOR THE YEAR ENDED 31 DECEMBER 2022 |
d | |
|---|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Endowment | Total | |||
| funds | funds | funds | |||
| f | 8 | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Charitable activities |
|||||
| Sheltered accomodation | for the | active | |||
| elderly | 447,549 | 447,549 | |||
| Investment income |
|||||
| Total | 447,552 | 447,552 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Sheltered accomodation |
for the | active | |||
| elderly | 498,837 | 498,837 | |||
| NET INCOME/(EXPENDITURE) | (51,285) | (51,285) | |||
| Other recognised gains/(losses) |
|||||
| Gains on revaluation offixed assets |
41,397 | 725,000 | 766,397 | ||
| Net movement in funds |
(9,888) | 725,000 | 715,112 | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward |
2,402,922 | 1,009,697 | 3,412,619 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,393,034 | 1,734,697 | 4,127,731 | ||
| TANGIBLE FIXEDASSETS | |||||
| Fixtures | |||||
| Freehold | and | ||||
| property | fittings | Totals | |||
| F | E | E | |||
| COST | |||||
| At 1 January 2022 | 5,606,833 | 123,830 | 5,730,663 | ||
| Additions | 5,484 | 5,484 | |||
| Disposals | (7,706) | (7,706) | |||
| At 31 December 2022 | 5,612,317 | 116,124 | 5,728,441 | ||
| DEPRECIATION | |||||
| At 1 January 2022 | 102,658 | 102,658 | |||
| Charge for year | 3,939 | 3,939 | |||
| Eliminated on disposal |
(7,706) | (7,706) | |||
| At 31 December 2022 | 98,891 | 98,891 | |||
| NET BOOK VALUE | |||||
| At 31 December 2022 | 5,612,317 | 17,233 | 5,629,550 | ||
| At 31 December 2021 | 5,606,833 | 21,172 | 5,628,005 |
| 13. | not revalued is 2295,0 STOCKS |
15. | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | 5 | |||||
| Finished goods | 753 | |||||
| 14. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| F- | ||||||
| Trade debtors | 1,431 | 3,342 | ||||
| Prepayments | 1,347 | |||||
| 1,431 | 4,689 | |||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| 6 | F | |||||
| Bank loans and overdrafts | (see note 17) | 179,662 | 104,355 | |||
| Trade creditors | 14,807 | 15,284 | ||||
| Social security and other | taxes | 20,081 | 6,858 | |||
| Other creditors | 6,000 | |||||
| Accruals and deferred | income | 33,812 | 12,515 | |||
| 254,362 | 139,012 | |||||
| 16. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 2022 f |
2021 E |
|||||
| Bank loans (see note 17) | 1,289,951 | 1,373,190 | ||||
| 17. | LOANS | |||||
| An analysis ofthe maturity | of | loans is given below: | ||||
| 2022 | 2021 | |||||
| F | f | |||||
| Amounts falling due within |
one year on demand: | |||||
| Bank overdrafts | 19,950 | 21,027 | ||||
| l3ank loans | 159,712 | 83,328 | ||||
| 179,662 | 104,355 | |||||
| Amounts falling between Bank loans -1-2 years |
one | and two years: | 83,329 | 83,231 | ||
| Amounts falling due between |
two and five years: | |||||
| Bank loans - 2-5years | 249,984 | 333,321 |
| LOANS - | continued | 2022 f |
2021 F |
|---|---|---|---|
| Amounts | falling due in more than five years: | ||
| Repayable | by instalments: | ||
| Bank loans more 5 yr by instal | 956,638 | 956,638 |
| Minimum | lea | se payments under non |
-cancellable operating |
leases fall du | e as follows: | |
|---|---|---|---|---|---|---|
| 2022 6 |
2021 f |
|||||
| Within one year | 3,856 | 3,856 | ||||
| Between | one and five years | 3,856 | 6,748 | |||
| 7,712 | 10,604 | |||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||||
| 2022 | 2021 | |||||
| Unrestricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | |||
| E | E | F | 6 | |||
| Fixed assets | 3,894,853 | 1,734,697 | 5,629,550 | 5,628,005 | ||
| Current | assets | 3,950 | 3,950 | 11,928 | ||
| Current | liabilities | (254,362) | (254,362) | (139,012) | ||
| Long term liabilities |
(1,289,951) | (1,289,951) | (1,373,190) | |||
| 2,354,490 | 1,734,697 | 4,089,187 | 4,127,731 | |||
| MOVEMENT | IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.1.22 | in funds | 31.12.22 | ||||
| F | 6 | F | ||||
| Unrestricted | funds | |||||
| General | fund | 1,250,299 | (38,544) | 1,211,755 | ||
| Revaluation | reserve | 1,142,735 | 1,142,735 | |||
| 2,393,034 | (38,544) | 2,354,490 | ||||
| Endowment | funds | |||||
| Property | equity fund | 124,217 | 124,217 | |||
| Revaluation | reserve | 1,610,480 | 1,610,480 | |||
| 1,734,697 | 1,734,697 | |||||
| TOTAL | FUNDS | 4,127,731 | (38,544) | 4,089,187 |
| Net movemen | t |
in funds, incl |
ude | d in the above |
are as follow | s: | ||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Movement | ||||||
| resources f |
expended F |
in funds E |
||||||
| Unrestricted | funds | |||||||
| General fund | 484,855 | (523,399) | (38,544) | |||||
| TOTAL FUNDS | 484,855 | (523,399) | (38,544) | |||||
| Comparatives | for movement | in funds | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.21 | in funds | 31.12.21 | ||||||
| 8 | E | |||||||
| Unrestricted | funds | |||||||
| General fund |
1,301,584 | (51,285) | 1,250,299 | |||||
| Revaluation | reserve | 1,101,338 | 41,397 | 1,142,735 | ||||
| 2,402,922 | (9,888) | 2,393,034 | ||||||
| Endowment | funds | |||||||
| Property equity |
fund | 124,217 | 124,217 | |||||
| Revaluation | reserve | 885,480 | 725,000 | 1,610,480 | ||||
| 1,009,697 | 725,000 | 1,734,697 | ||||||
| TOTAL FUNDS | 3,412,619 | 715,112 | 4,127,731 | |||||
| Comparative | net movement | in | funds, included | in the above | are as follows: | |||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended | losses | in funds | |||||
| F | F | 6 | F | |||||
| Unrestricted | funds | |||||||
| General fund |
447,552 | (498,837) | (51,285) | |||||
| Revaluation | reserve | 41,397 | 41,397 | |||||
| 447,552 | (498,837) | 41,397 | (9,888) | |||||
| Endowment | funds | |||||||
| Revaluation | reserve | 725,000 | 725,000 | |||||
| TOTAL FUNDS | 447,552 | (498,837) | 766,397 | 715,112 |