OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Mr S Chamberlain (Chair ofGovernors) (Chair ofGovernors) Mr SButterworth
Mrs FGalbraith Mrs CHarrison
Mr JJeffries Mrs ECrowson (resigned 15June 2023)
Mr SKhan Mr JLewis
Mrs H Massey Mr I A McKinlay
Mrs KMorgan Mr H Patel (appointed 30 November 2022)
Miss EC Peckett Mrs PPlumpton
Mr M Shevill Miss A JTetley
Canon Jayson Rhodes (resigned 15June 2023) Mr D Jenkins (resigned 13April 2022)

Notes Unrestricted Endowed Restricted Total funds Total funds
funds funds funds 2023 2022
Income from:
Charitable
activities		 93,550 93,550 94,087
Investments 18,354 195 150 18,699 13,138
Other Income 3,370 3,370 2,500
Total incoming resources 115,274 195 150 115,619 109,725
Expenditure
on:
Raising funds 3 6,823 6,823 5,760
Charitable
activities		 4 146,598 146,598 131,115
153,421 153,421 136,875
Net (outgoing) incoming funds from (38,147) 195 150 (37,802) (27,150)
operations
before investment		 gains
Unrealised
(losses)/gains		 on 10 (38,094) (285) (416) (38,795) 40,805
investments
Realised (losses)/gains on (4,730) (4,730) 3,912
disposals
Net movement in funds (80,971) (90) (266) (81,327) 17,567
Reconciliation offunds:
Fund balances brought forward
at 1 April 2022 2,231,935 53,644 6,112 2,291,691 2,274,124
Fund balances carried forward 2,150,964 53,554 5,846 2,210,364 2,291,691
at 31March 2023 15,16,17
Notes 2023 2022
FIXEDASSETS
Tangible assets 9 1,075,492 1,081,558
Investment
Properties		 9 80,000 80,000
Investments 10 934,132 936,333
TOTAL FIXEDASSETS 2,089,624 2,097,891
CURRENT ASSETS
Debtors 11 7,159 11,435
Cash at bank and in hand 12 235,101 234,618
242,260 246,053
CREDITORS: Amounts falling due within one year 13 (121,520) (52,253)
NET CURRENT ASSETS 120,740 193,800
TOTAL ASSETSLESS CURRENT LIABILITIES 2,210,364 2,291,691
CAPITAL AND RESERVES
Restricted reserve 15 5,846 6,112
Endowed
funds		 16 53,554 53,644
Designated
reserves		 17 169,035 142,654
Revenue reserve 17 1,712,790 1,777,318
Revaluation
reserve		 17 269,139 311,963
2,210,364 2,291,691

1 INCOME FROM CHARITABLE ACTIVITIES 2023 2022
Income from social housing
lettings		 93,550 94,087
2 INVESTMENT INCOME 2023 2022
Gross investment
income		 16,735 12,960
Bank interest receivable 1,964 178
18,699 13,138
3 EXPENDITURE ON RAISING FUNDS 2023 2022
Investment
management
fees		 6,823 5,760

Provision ofsocial housing Provision ofsocial housing Provision ofsocial housing Grants k Total Total
donations 2023 2022
Manage Services Repairs Ck @ther
ment maintenance
Estates costs
Repairs and maintenance 35,870 35,870 24,585
Service contracts and 27,833 27,833 26,615
communal
facilities
Fuel charges 8,757 8,757 11,288
Insurance 3,956 3,956 2,332
Depreciation 34,096 34,096 34,148
Water charges 3,873 3,873 5,550
Property charges 590 590 456
Audit and accountancy 3,660 3,660 3,912
Administrative expenses 21,043 21,043 9,029
Subscriptions 2,465 2,465 2,956
Legal and professional 7,331
Bank interest and charges 303 303 66
Christmas
gifts		 1,050 1,050 930
Bad Debts 901 901
Other 2,201 2,201 1,917
28,372 79,105 35,870 2,201 1,050 146,598 131,115
Provision ofsocial housing Provision ofsocial housing Provision ofsocial housing Grants k Total Total
donations 2022 2021
Manage Repairs Ck @ther
ment Services maintenance
Estates costs
Repairs and maintenance 24,585 24,585 26,629
Service contracts and 26,615 26,615 20,937
communal
facilities
Fuel charges 11,288 11,288 8,625
Insurance 2,332 2,332 2,220
Depreciation 34,148 34,148 33,478
Water charges 5,550 5,550 2, 171
Property charges 456 456 414
Audit and accountancy 3,912 3,912 3,822
Administrative expenses 9,029 9,029 4,840
Sub scriptions 2,956 2,956 3,162
Legal and professional 7,331 7,331 1,020
Bank interest and charges 66 66 137
Christmas
gifts		 930 930 825
Bad Debts 831
Other 1,917 1,917 1,083
15,897 80,389 24,585 9,314 930 131,115 110,194
Governance
costs included		 Governance
costs included		 in other operating expenses:- 2023 2022
Audit and Accountancy 3,660 3,912
3,660 3,912
5 NET INCOME FOR THE YEAR 2023 2022
The surplus
for the year		 is stated after charging:
Depreciation
on tangible		 fixed assets 34,096 34,148
Auditors'
remuneration		 3,660 4,320

9 FIXEDASSETS —FREEHOLD HOUSING PROPERTIES
Cost
At 31March 2022 1,405,977
Additions 28,030
At 31March 2023 1,434,007
Accumulated
depreciation
At 31March 2022 324,419
Charge for the year 34,096
At 31March 2023 358,515
Net book values
At 31March 2023 1,075,492
At 31March 2022 1,081,558

EXPEND ITU RE ON WORKS TO EXISTING P ROPERTIES
2023 2022
Components capitalised 28,030 14,019
Amounts charged to the income and expenditure account 35,870 24,585
63,900 38,604
INVESTMENT PROPERTIES
Valuation
At 31March 2022 and 31March 2023 80,000
Net book value
At 31March 2022 and 31March 2023 80,000

Unrestricted Restricted Endowed Total
Listed investments at market value
At 1 April 2022 877,713 4,976 53,644 936,333
Additions 92,012 92,012
Disposals (55,418) (55,418)
(Decrease)/increase in market value in (38,094) (285) (416) (38,795)
year
At 31March 2023 876,213 4,691 53,228 934,132
Analysis of Investments
Unrestricted Restricted Endowed Total
Government stock 92,015 92,015
Charity deposits 241,556 4,691 53,228 299,475
Listed investments 542,642 542,642
876,213 4,691 53,228 934,132
The following
individual		 The following
individual		 investments constitute 5%or more ofthe market value ofthe overall
investment
portfolio:
COIF income units 161,171
COIF accumulation units 75,026
UK Gilts 56,181
Artemis Funds 47,550
Vanguard
Funds		 59,389
399,317
11 DEBTORS 2023 2022
Due within one year:
Trade debtors 290 2,515
Prepayments
and accrued		 income 6,869 8,920
7,159 11,435
12 CASH AT BANK AND IN HAND 2023 2022
Capital account —deposit 73,249 117,439
Income account —current 161,852 117,179
235,101 234,618
13 CREDITORS: Amounts falling due within one year 2023 2022
Trade creditors 13,307
Accruals and deferred income 29,544 23,702
Amounts
owed to parent		 undertaking 78,669 28,551
121,520 52,253

15 RESTRICTED FUNDS Mrs Porter's Fund 2023 2022
Balance at 31March 2022 6,112 6,345
Incoming Resources 150 144
Resources expended
Investment
(loss)		 (416) (377)
Balance at 31March 2023 5,846 6,112
16 ENDOWED FUNDS Dr Caleb Crowther 2023 2022
Balance at 31March 2022 53,644 48,038
Incoming resources 195
Resources expended
Investment
(loss)/gain		 (285) 5,606
Balance at 31March 2023 53,554 53,644
Balance 31 Incoming Resources Investment Transfers Balance 31
March 2022 resources expended losses March 2023
Designated
Funds
Extra-ordinary
repairs		 73,163 666 (1,760) 13,911 85,980
Cyclical maintenance 55,330 546 (7,042) 18,060 66,894
Relief in need reserve 14,161 2,000 16,161
Designated
Funds		 142,654 1,212 (8,802) 33,971 169,035
General fund 1,777,318 114,062 (144,619) (33,971) 1,712,790
Revaluation
reserve		 311,963 (42,824) — 269,139
2,231,935 115,274 (153,421) (42,824) — 2,150,964

Balance 31 Incoming Resources Investment Transfers Balance 31
March resources expended gains March 2022
2021
Designated Funds
Extra-ordinary repairs 68,871 16 2,295 1,981 73,163
Cyclical maintenance 55,476 13 (8,159) 8,000 55,330
Relief in need reserve 13,452 (1,291) 2,000 14,161
Designated Funds 137,799 29 (9,450) 2,295 11,981 142,654
General fund 1,807,172 109,552 (127,425) (11,981) 1,777,318
Revaluation reserve 274,770 37,193 311,963
2,219,741 109,581 (136,875) 39,488 2,231,935

Revenue Revaluation Designated Endowed Restricted Total
reserve reserve funds funds reserve
Tangible assets 1,155,492 1,155,492
Investments 585,080 269,139 21,799 53,554 4,560 934,132
Cash at bank and 86,579 147,236 1,286 235,101
in hand
Other net current (114,361) (114,361)
liabilities
Balance at 31 1,712,790 269,139 169,035 53,554 5,846 2,210,364
March 2023

Revenue Revaluation Designated Endowed Restricted Total
reserve reserve funds funds reserve
Tangible assets 1,161,558 1,161,558
Investments 543,790 311,963 21,960 53,644 4,976 936,333
Cash at bank and 112,788 120,694 1,136 234,618
in hand
Other net current (40,818) (40,818)
liabilities
Balance at 31 1,777,318 311,963 142,654 53,644 6,112 2,291,691
March 2022

Year ended 31 March 2 022
Unrestricted Endowed Restricted Total funds
funds funds funds 2022
Income from:
Charitable
activities		 94,087 94,087
Investments 12,994 144 13,138
Other Income 2,500 2,500
Total incoming resources 109,581 144 109,725
Expenditure
on:
Raising funds 5,760 5,760
Charitable
activities		 131,115 131,115
136,875 136,875
Net incoming
funds from		 (27,294) 144 (27,150)
operations
before investment
gains
Net gains on investments 39,488 5,606 (377) 44,717
Net movement in funds 12,194 5,606 (233) 17,567
Reconciliation offunds:
Fund Balances brought forward at 2,219,741 48,038 6,345 2,274,124
1 April 2021
Fund balances carried forward 2,231,935 53,644 6,112 2,291,691
at 31March 2022