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|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|
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|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:|||||
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||||||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|
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|||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|
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|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|
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||||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|
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|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|
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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)|
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|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|
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|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).||||||||
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