2022-10-31-accounts

Board Report			1to2
Independent Auditors'	Report		3to 5
Statement ofComprehensive		Income
Balance Sheet
Cash Flow Statement
Statement ofChanges	in Reserves
Notes to the Financial	Statements		10to 14

The tru	stees and off	ice	rs serving du	ring the year and
Board:				KParker
				AJBradley
				D Arrowsmith
				FHanson
				A Cathey
				RGrosschmidt
				JAnderton
Senior	Management	/	Leadership	C Stratton
Team:

					2022	2021
				Note
Turnover					28,021	27,379
Administrative expenditure					21,558	(22,846
Operating surplus					6,463	4,533
Income &om fixed	asset investments				897	799
Interest receivable	and	similar income			16	1
Movements in fair	value offinancial		instruments		(2,345)	4,178
Surplus for the year					5,031	9,511
Total comprehensive		income for the year			5,031	9,511

		Balance Sheet as at 31O	ctober 2022
				2022	2021
			Note
Fixed assets
Tangible assets				266,852	273,997
Investments				22,279	23 727
				289,131	297,724
Current assets
Debtors				685	798
Cash at bank and in	hand			57,704	45,028
				58,389	45,826
Creditors: Amounts	falling due within one year		10	(7,305)	(5,965)
Net current assets				51,084	39,861
Total assets less current		liabilities		340,215	337,585
Creditors: Amounts	falling due after more than one year			100,865	103,266
Net assets				239,350	234,319
Reserves
Income and expenditure		reserve		236,718	229,342
Unrestricted revaluation		reserve		2,632	4,977
Ttl				239,350	234,319

Reconciliation ofnet movement	Reconciliation ofnet movement	Reconciliation ofnet movement		in funds to net cash flow from operating	in funds to net cash flow from operating	activities
							2022	2021
Net income							5,031	9,511
Investment income							(913)	(800)
Depreciation							8,644	8,544
(Profit) /loss on revaluation		offixed asset investments					2,345	(4,178)
Decrease/(increase)	in debtors						113	(22)
Decrease in creditors							(1,061)	(2,582)
Net cash inflow							14,159	10,473
Cash flow statement
							2022	2021
Net cash inflow &om operating			activities				14,159	10,473
Returns on investments		and servicing of finance
Interest received							913	800
Capital expenditure	and	financial investment
Purchase oftangible	fixed	assets					(1,499)	(3,400)
Purchase ofinvestments							(897
							2,396	(4,199
Increase in cash in	the year						12,676	7,074
Reconciliation ofnet cash flow				to movement	in net funds
Increase in cash							12,676	7,074
Net funds at 1 November		2021					45,028	37,954
Net funds at 31 October 2022							57,704	45,028

			Income and expenditure	Revaluation reserve	Total
			reserve
At 1November	2021		229,342	4,977	234,319
Surplus for the	year		7,376		7,376
Revaluation of	investments			(2,345)	(2,345)
Total comprehensive		income	7,376	(2,345)	5,031
At 31October	2022		236,718	2,632	239,350

2 Social housing turnover		and costs	and costs	and costs
						2022		2021
Turnover
Rents receivable						25,620		24,978
Amortised government grants						2,401		2401
Turnover from social housing			lettings			28,021		27,379
Administrative expenditure
Management						(4,846)		(4,492)
Service charge costs						(5,796)		(5,141)
Routine maintenance						(2,012)		(4,501)
Depreciation ofhousing properties Other costs						(8,644) ~(260 ~21,558)		(8,544) (168) (22,846)
Operating surplus on social housing					lettings	6463		4533
Void losses
3 Governance costs
						Total		Total
						2022		2021
External auditors remuneration;
The audit ofthe charity's	annual			accounts		1,598		1,000
4 Accommodation owned		and in management
						Number ofunits	Number ofunits
						at 1November		at31October
						2021		2022
Housing accommodation
5 Surplus on ordinary activities is stated after charging/(crediting):
						2022		2021
Depreciation ofhousing properties				for	letting	8,644		8,544
Amortisation ofgovernment		grants				(2,401)		(2,401)

6 Tangible fix	ed assets
		Housing
		properties for
		letting	Total
Cost
At 1November	2021	320,192	320,192
Additions		1,499	1,499
At 31October 2022		321,691	321,691
Depreciation
At 1November	2021	46,195	46,195
Charge for the year		8,644	8,644
At 31October 2022		54,839	54,839
Net book value
At 31October 2022		266,852	266,852
At 31October 2021		273,997	273,997

8 Fixed asset	investments
		2022		2021
Other investments		22,279		23 727
Other investments
		Listed
		investments		Total
Valuation
At 1November	2021		23727	23,727
Revaluation			(2,345)	(2,345)
Additions			897	897
At 31October	2022		22,279	22,279
Carrying amount
At 31October	2022		22,279	22,279
At 31October	2021		23,727	23,727

9 Debtors
					2022		2021
Prepayments					685		798
10 Creditors:	amounts	falling due	within one year
					2022		2021
WMC paid in advance					1,952		1,952
Grants					2,401		2,401
Accruals					2,952		1,612
					7,305		5,965
11Creditors:	amounts	falling due	after	one year
					2022		2021
Grants					100,865		103,266
The grants are	repayable	ifthe properties		are sold,
Social Housing Housing Grant	Grant totalling f120,073 has been received. This will be repaid ifthe properties is being recognised in income on a systematic basis over the expected useful life					are sold. The Social ofthe struchue (50
years).