2023-03-31-accounts

Trustees			Mrs R Crovvther
			Countess De La Warr
			CIRolley
			Mrs A Durrant FCA from 5 September 2022
Registered	Charity Number		220488
Homes England		No.	A0809
Principal	Address		Sackville College
			High Street
			East Grinstead
			West Sussex
			RH19 3BX
Primary Bankers			Lloyds TSBBank	Plc
			London Road
			East Grinstead
			West Sussex
			CCLA Investment	Management	Limited
			COIF Charity Funds
			80 Cheapside
			London
			EC2V 6DZ
Auditors			Darren Harding
			For Richard Place	Dobson Services Ltd T/A
			Alexandra Durrant
			10A/12A High Street
			East Grinstead
			West Sussex
			RH19 3AW

				2023		2022
			Note
Turnover					89,029	73,789
-Operating	Expenditure
General Management				15,091		21,541
Property Management			4	67,644		63,475
Repairs and	Maintenance			55,132		35,152
					137,867	120,168
Operating	Surplus/Deficit				(48,838)	(46,379)
Interest Receivable &Investment		Income	5		17,437	16,370
					(31,401)	(30,009)
Movement	in Fair Value ofInvestments				(15,934)	21,040
Surplus/(Deficit) for the Year					47,335	(8,969

		Income 8c	Extraordinary	Extraordinary	Total
		Expenditure	Repairs Reserve	Repairs Reserve
		Reserve	(designated)	(restricted)
Brought forward	31March 2021	139,467	342,221	8,375	490,063
Surplus/(deficit)	for the year	(28,740)	(1,818)	549	(30,009)
Transfer between	funds	(15,000)	15,000
Revaluation ofinvestments			21,040		21,040
At 31 March 2022		95,727	376,443	8,924	481,094
Surplus/(deficit)	for the year	(31,401)			(31,401)
Transfer between	funds	(15,000)	15,000
Revaluation ofinvestments			(15,934)		(15,934)
At 31March 2023		49,326	375,509	8,924	433,759

				2023		2022
			Note
Fixed Assets
Tangible I'ixed Assets					5,733		5,797
Ilivcstliieiits					293,875		309,108
Current Assets
Trade and other debtors			10	7,364		7,137
Cash and cash equivalents				135,714		164,620
				143,078		171,757
Creditors: amounts	falling duc within	one year	11	8,927		5,568
Net Cnrrcut Assets					134,151		166,189
Tots I Net Assets					433,759		481,094
Reserves;
Income P. Expenditure	Reserve		12		49,326		95,727
Extraordinaiy Repairs	Rcscrve (designated)		12		375,509		376,443
Extraordinary I&cpairs	Reserve (restdctcd)		12		8,924		8,924
TotalReserves					433,759		481,094

				2023	2022
Cash flows from operating activities
Operating surplus/(deficit)	for the year			(48,838)	(46,379)
Adjustments for:
Depreciation oftangible fixed assets				1,644	1,779
Decrease/(increase)	in trade and other debtors			(227)	(2,335)
Increase/(decrease)	in hade and other creditors			3,359	(4,190)
Net cash generated/(expended) from operating			activities	~4'	,062
Cash flows from investing	activities
Purchase oftangible fixed	assets			(1,580)	(518)
Interest received				2,197	55
Investment income				14,539	15,632
Loss on disposal offixed assets				0	475
				15,156	15,644
Net change in cash and cash equivalents				(28,906)	(35,481)
Cash and cash equivalents	at beginning	ofthe	year	164,620	200,101
Cash and cash equivalents	at end ofthe year			135,714	164,620

which has not been r	ecognis	ed in the balance sheet as noted unde	ed in the balance sheet as noted unde	r (d) above,
No material estimates	have	been made in the course ofpreparing		these financial statements.
3) Turnover
				2023	2022
Weekly maintenance	contributions		receivable	68,280	66,634
Special events				7,304	1,149
Donations and legacies				12,907	3,733
Sundry income				22	373
Visitors fees and booklets				516	1,080
Insurance claim				0	820
				89,929	73,789
4)Property Management		Expenses		2023	2022
Included in property	management		expenses were staff costs:
Wages and salaries				29,381	27,074
				29,381	27,074

5)Interest R	eceivab	le	and Other Incom	e
					2023	2022
Income from	investments				15,240	16,315
Bank deposit	interest				2,197	55
					17,437	16,370
6) Surplus/(deficit)		for	the year
					2023	2022
This is stated	after charging;
Depreciation,	owned	tangible fixed assets			1,644	1,779
Auditor's remuneration			(net ofVAT)		1,250	1,800
Auditor's remuneration			for bookkeeping,	payroll & financial repoiting
services	(net of	VAT)			3,035	4,510
7) Taxation

therefore exempt from liability to tax	ation on its income and capital	gains.
8) Tangible Fixed Assets			Equipment
Cost
At I April 2022			46,324
Additions			1,580
Disposals			(37,182)
At 31March 2023			10,722
Depreciation
At I April 2022			40,527
Charge for year			1,644
Eliminated on disposal			(37,182)
At 31 March 2023			4,989
Net BookValue
At 31 March 2023			5,733
At 31March 2022			5,797
9) Fixed Asset Investments
Quoted investments	Extraordinary
	Repairs Reserve	Total	Total
	(designated)	2023	2022
Cost at I April 2022	113,331	113,331	112,649
Accumulated income	701	701	682
At 31 March 2023	444,032	114,032	113,331
Market Value	293,875	293,875	309,108

Notes to the Fina	Notes to the Fina	ncial Statements	ncial Statements	for the Year End	ed 31March 2023 (co	ntinued)
9) Fixed Asset Investments		(continued)
Market value at I April 2022					309,108
Accumulated income					701
Revaluation					~75,9347
Market value at 31 March 2023					293,875
10)Debtors
					2023	2022
Other debtors					541	512
Prepayments and accrued income					6,823	6,625
					7,364	7,137
11)Creditors, amounts	falling		due svithin one year
					2023	2022
Trade creditors					4,022	300
Tax and social security					540	292
Accruals &deferred income					4,255	4,922
Sundry creditors					110	53
					8,927	5,567
12) Reconciliation ofMovement			on Funds
		Extraordinary		Income &	Extraordinary
		Repairs Reserve		Expenditure	Repairs Reserve
		(designated)		Reserve	(restricted)	Total
						f.
Brought forward 2022			376,443	95,727	8,924	481,094
Surplus/(Deficit) for the Transfer between funds	year		(15,934) 15,000	(31,401) ~35,000		(47,335)
At 31 March 2023			375,509	49,326	8,924	433,759

Purlin repair	16,997
Roofrepair	2,390
Electrical works and repairs to Flats	9,990
	29,377

14)Analysis ofNet As	sets between Funds
	Extraordinary	Income &	Extraordinary
	Repairs Reserve	Expenditure	Repairs Reserve
	(designated)	Reserve	(restricted)	Total
			8
Fixed Assets		5,733		5,733
Investments	293,875			293,875
Current Assets	81,634	52,520	8,924	143,078
Current Liabilities		8,927		8,927
At 31 March 2023	375,509	49,326	8,924	433,759

					2023		2022
Income
Donations						2,907		3,733
Le acies g						10,000
Sundty income						22		373
Events &room hire						7,304		1,149
Visitors fees and booklets						516		1,080
						20,749		6,335
Income from investments			-	net	15,240		16,315
Interest receivable					2,197		55
						17,437		16,370
						38,186		22,705
General management		expenses
Purchases - goods for resale					182
Special events costs					860
Printing, postage, stationery,				publicity
and secretarial expenses					206		535
Insurance					6,722		7,082
Ex-gratia payments	to residents				400		540
Audit and accountancy			fees		5, 142		7,572
Sundry expenses					1,249		2,163
Bank charges					310		236
Professional services							3,396
Donations					20		17
						15,091		21,541
Surplus for the year						23,095		1,164

					2022	2021
Income
Weekly maintenance	contributions			receivable	68,280	66,634
Insurance claim						820
Expenditure
Property management		expenses
Salaries					29,381	27,074
Water and council tax					9,312	10,889
Garden, cleaning &household			expenses		3,772	1,635
Telephone					1,907	2,873
Depreciation, tangible		fixed assets			1,644	1,779
Loss on disposal ofassets						475
					46,016	44,725
Extraordinary &general repairs			&	maintenance	55,132	35,152
Light and heat					21,628	18,750
Total expenditure					122,776	98,627
Deficit for the Year					54,496	31,173

					Market
				Cost	Value
				g
Quoted
2,205.101	Blackrock Charities UK Equity Fund			4,496	15,628
	Income Units
1,015.757	Blackrock Charities UK Equity Fund			8,082	23,166
	Accumulation	Units
15,538.899	M &G Cbarifund		-Income Units	94,374	230,468
25,936	M &G Charity	Multi Asset Fund		7,080	24,613
	Income Units
At 31March	2023			f.114,032	f293,875
At 31March	2022			f.113,331	f309,108