||||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|
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||||||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|
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|||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|
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|||2022|2021|
|---|---|---|---|
|||F|F|
|Auditors|remuneration|6,000||
|Depreciation
- owned assets||3,939|4,537|
|Previous|auditors
remuneration|500|6,760|
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|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|
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##
|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|
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|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|
##
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|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|
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|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|
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