||||Page| |---|---|---|---| |Report ofthe Trustees|||1 to 3| |Independent
Examiner's|Report||| |Statement
of Financial|Activities||| |Statement
of Comprehensive
Income|||| |Balance Sheet|||| |Cash Flow Statement|||| |Notes to the Cash Flow|Statement||| |Notes to the Financial Statements|||10to 16| |Detailed Statement
of Financial||Activities|17| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022|202i| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total|Total| ||||Notes|funds
E|fund
E|fund
E|funds|funds
I| |INCOME AND||||||||| |ENDOWMENTS
FROM||||||||| |Charitable
activities||||214,074||7,368|221,442|2i8,293| |Investment
income|||2|7157|||71~7|3667| |Total||||221 231||7 368|22' 99|221960| |EXPENDITURE ON||||||||| |Charitable
activities||||||||| |Maintenance
of social||||||||| |housing||||13~ 144||32 078|167 222|160 564| |Net gains/(losses)
investments|on||||2 108|~2892)|216|36 072| |NET||||||||| |INCOME/(EXPENDITURE)
7
f
01
f
6|||86,087
11 ~65762)||27108|(267602)
6' 762|61,593|97,468| |Net movement
in|funds|||20,325|2,108|397160|617593|97468| |RECONCILIATION|OF|||||||| |FUNDS||||||||| |Total funds
brought|forward|||715,682|266,789|6747996|176577467|I 559 999| |TOTAL FUNDS CARRIED||||||||| |FORWARD||||736007|268897|714 156|1719060|1657 467| ## |||||2022|2021| |---|---|---|---|---|---| |||||Year ended|Year ended| |||||31December|31 December| |||||2022|2021| ||||Notes|E|6| |Turnover||||221,444|218,293| |Operating
expenditure||||(167,062)|(160,190)| |Realised|(losses)/gains|on|2|216|36,072| |investments|||||| |Operating
Surplus/(deficit)||||54,598|94,175| |Financing
Interest
Interest|income
receivable
and financing|costs||4,766
2,391
(160)|2,199
1,468
(374)| |Total Comprehensive||Income||61,593|97,468| ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|Total|Total| ||Notes|funds
I|fund
E|fund
I|funds
E|funds
6| |FIXEDASSETS||||||| |Tangible assets
Investments|||268 897|1,156,417
58 840|1,156,417
327 737|1,124,467
327 521| ||||268,897|1,215,257|1,484,154|1,451,988| |CURRENT ASSETS||||||| |Debtors
Cash at bank|8|2,809
738 208|||2,809
738 208|5,312
715 791| |||741,017|||741,017|721,103| |CREDITORS||||||| |Amounts
falling
due within||||||| |one year|9|(5,010)|||(5,010)|(7,154)| |NET CURRENT ASSETS||736007|||736007|713 949| |TOTAL ASSETS LESS||||||| |CURRENT LIABILITIES||7367007|2687897|172157257|272207161|2 165937| |PROVISIONS FOR||||||| |LIABILITIES|10|||(5017101)|(5017101)|(508470)| |NET ASSETS||736007|268 897|714 1~6|1719060|1 657 467| |FUNDS||||||| |Unrestricted
funds|||||736,007|715,682| |Restricted
funds
Endowment
funds|||||268,897
714 1~6|266,789
674 996| |TOTALFUNDS|||||1719060|1 657 467| ## ## ||2022|2021| |---|---|---| |Notes|E|E| |Cash flows from operating
activities||| |Cash generated
from operations
1|~110497|~102 779| |Net cash provided
by operating
activities|~110497|~102 779| |Cash flows from investing
activities||| |Purchase
of tangible
fixed assets
Interest
received|(65,761)
~2391|(54,454)
~1468| |Net cash used
in investing
activities|~63370)|~52 986)| |Cash flows from financing
activities||| |Income attributable
to endowment
Expenditure
attributable
to endowment|7,368
~32078)|7,370
~25 890)| |Net cash used
In financing
activities|~24 710)|~18520)| |Change
in cash and cash||| |equivalents
in the reporting
period|22,417|31,273| |Cash and cash equivalents
at the
beginning
ofthe reporting
period|~715791|~684 518| |Cash and cash equivalents
at the||| |end ofthe reporting
period|~738 208|~715791| ## ||RECONCILIATION|OF|NET INCOME TO NET CASH FLOW FROM|NET INCOME TO NET CASH FLOW FROM|NET INCOME TO NET CASH FLOW FROM|OPERATING|| |---|---|---|---|---|---|---|---| ||ACTIVITIES||||||| |||||||2022|2021| |||||||E|6| ||Net income for the reporting
of Financial Activities)|||period (as per|the Statement|61,593|97,468| ||Adjustments
for:
Depreciation
charges|||||33,811|27,624| ||Gain on investments
Interest
received
Income attributable
to endowment
Expenditure
attributable
to endowment|||||(216)
(2,391)
(7,368)
32,078|(36,072)
(1,468)
(7,370)
25,890| ||Decrease
in debtors
Decrease
In creditors|||||2,503
~9513)|1,594
~4887)| ||Net cash provided|by operations||||~110497|~102 779| |2.|ANALYSIS OF CHANGES IN|||NET FUNDS|||| ||||||At 1.1.22|Cash flow|At 31.12.22| ||||||6|6|E| ||Net cash||||||| ||Cash at bank and
in|hand|||~715791|~22 417|~738 208| ||Total||||~715791|~22 417|~738 208| ## ## ## ## ## |Windows|ik|doors|20 years||Boilers|15years| |---|---|---|---|---|---|---| |Kitchens|||20 years||Electrics|40 years| |Bathrooms|||30 years|Wiring,|plumbing|30 years| |Roofs|||70 years||Structure|100years| |Equipment|||5 years|||| ## ## ## ## |INVESTME|NT INCOME||| |---|---|---|---| |||2022|2021| |||E|E| |Investment|Income|4,766|2,199| |Deposit account interest||~2391|~1468| |||~7157|~3667| ## ## |There are no other trustees'
expenses
paid for
year ended 31 December 2021.|the year ended 31 December 2022 no|r for the| |---|---|---| |STAFF COSTS||| ||2022|2021| ||E|E| |Wages and salaries
Other pension costs|58,985
~2957|44,614
2 217| ||~61942|~46 831| ## |2022|2021|| |---|---|---| |3||3| ## |COMPARA|TIVES
FOR THE ST|ATEMENT|OF FINANCIAL|ACTIVITIES||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total| ||||funds|fund|fund|funds| ||||E|E|E|E| |INCOME AND ENDOWMENTS||FROM||||| |Charitable|activities||210,923||7 370|218 293| |Investment|income||3 667|||3 667| |Total|||214 390||7 370|221 960| |EXPENDITURE ON||||||| |Charitable|activities|||||| |Maintenance|of social housing||134,674||25,890|160,564| ## ## ||||Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---|---| ||||funds|fund|fund|funds| ||||E|E|E|E| ||NET INCOME/(EXPENDITURE)
Transfers
between
funds||79,916
~54453)|31,055|(13,503)
54 453|97,468| ||Net movement
in|funds|25,463|31,055|40,950|97,468| ||RECONCILIATION|OF FUNDS||||| ||Total funds
brought|forward|690,219|235,734|634,046|1,559,999| ||TOTAL FORO6 CARRIRO 76826686||715 682|266 789|674 996|1 657 467| |6.|TANGIBLE FIXEDASSETS|||||| |||||Freehold|Plant and|| |||||property|machinery|Totals| |||||E|E|E| ||COST|||||| ||At 1st )anuary
2022
Additions|||1,615,424
6~ 761|87668|176244092
6~ 761| ||At 31st December 2022|||168118~|8668|1659 853| ||DEPRECIATION|||||| ||At 1st )anuary
2022
Charge for year|||492,690
32 678|67935
1733|4997625
33511| ||At 31st December 2022|||524 768|8 668|533436| ||NET BOOK VALUE|||||| ||At 31st December 2022|||1 156417||1156417| ||At 31st December 2021|||1 122 734|1 733|1 124467| ## ## ## |||||||Listed| |---|---|---|---|---|---|---| |||||||investments| |||||||6| |MARKET VALUE||||||| |At 1january|2022|||||327,521| |Revaluations||||||216| |At 31 December 2022||||||3~27 737| |NET BOOK|VALUE|||||| |At 31 December 2022||||||3~27 737| |At 31 December 2021||||||~327 521| ||||Extraordinary||Permanent|| ||||Repair|Fund|Endowment|| ||||NAACIF||NAACIF|| ||||Accumulation||Income|2022| ||||Shares
f||Shares
E|Total
E| |Valuation
at 1st january
2022
Revaluation
to Market Value|||266,788
2 198||60,733
~1892)|327,521
216| |Valuation|at 31 December 2022||268 896||68 841|327 737| |8.|DEBTORS: AMOUNTS|FALLING|FALLING|DUE WITHIN|ONE YEAR||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||E|E| ||Trade debtors|||||261|2,993| ||Other debtors|||||~2548|~2319| |||||||~2809|~5312| |9.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||| |||||||2022
f|2021
6| ||Trade creditors||||||194| ||Taxation
and social security||||||2,227| ||Other creditors|||||~5010|~4733| |||||||~5010|~7154| ## ## |PROVISIONS|FOR LIABILITIES||| |---|---|---|---| |||2022|2021| |||E|E| |Provisions||~501 101|~508 470| |||2022|2021| |Social Housing|Grant|E|I| |At 1 )anuary 2022
Released to income||508,470
~7369)|515,839
~7369)| |Balance carried|forward at 31 December 2022|~01 101|508470| ## |OVEMENT I|N FUNDS|||||| |---|---|---|---|---|---|---| |Analysis of|funds during the|year||||| ||8/fwd at|||||C/fwd at| ||17an||||Investment|31Dec| |Fund|2022|Income|Expenses|Transfers|Gain|2022| |General|565,682|221,231|(135,144)|(80,762)||571,007| |Designated
Restricted|150,000
266,789|||15,000|2,108|165,000
268,897| |Permanent
Endowment|674 996|7 369|~32 079)|65 762|~1892)|714 156| |Total|1 657 467|228 600|~167223)||216|1 719060| |Analysis ofc|arried f|orward
fu|nds|||| |---|---|---|---|---|---|---| |||||Net||| |||||Current||C/fwd at 31| |Fund|Fixed|Assets|Investments|Assets|Provisions|Dec 2022| |General||||576,054|(5,010)|571,007| |Designated||||165,000||165,000| |Restricted|||268,897|||268,897| |Permanent
Endowment|1|156417|58840||~501101)|714 156| |Total|1|156417|327 737|741 054|~506 111)|1 719060| ## ## ## ## ## ## ||2022|2021| |---|---|---| ||E|| |INCOME AND ENDOWMENTS||| |Charitable
activities||| |Grants
Maintenance
contributions|7,369
2~14073|7,369
~210924| ||221,442|218,293| |Investment
Income||| |Investment
Income
Deposit account interest|4,766
~2391|2,199
~1468| ||~7157|~3667| |Total incoming
resources|228,599|221,960| |EXPENDITURE||| |Charitable
activities||| |Wages|58,985|44,614| |Pensions|2,957|2,217| |Water|6,302|6,497| |Insurance
Light and heat|4,162
3,312|4,460
3,922| |Telephone|1,474|1,517| |Postage and stationery|261|1,136| |Sundries
Repairs and maintenance|4,562
40,834|1,633
36,506| |Alarm fees and line rental|2,413|2,598| |Garden expenses
Rates
Freehold
property
depreciation
Plant 8i machinery
depreciation|3,075
(118)
32,078
~1733|7,486
356
25,890
~1734| ||162,030|140,566| |Support costs||| |Management||| |Examination
and accounts fee
Bank charges
and interest|3,290
160|2,860
374| |Clerk's fee and expenses|191|15,954| |Subscriptions|920|715| |Computer
expenses|631|95| ||~5192|~19998| |Total resources
expended|1~67 222|~160 564| |Net income before gains and losses|61,377|61,396| |Realised recognised
gains and losses||| |Realised gains/(losses)
on fixed asset||| |Investments|216|~36072| |Net income|61,593|97,468|