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|---|---|---|---|---|---|---|
|Report ofthe|Trustees|||I|to|3|
|Independent|Examiner's
Report||||||
|Statement
of|Financial|Activities|||||
|Balance Sheet|||||||
|Notes to the|Financial|Statements||7|to|I2|
|Detailed Statement
of||Financial|Activities||13||
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||General|Designated|Total|Total|
||||fund|fund|funds|funds|
|||Notes|F.||E||
|INCOME AND ENDOWMENTS|FROM||||||
|Donations and legacies||||||350|
|Charitable
activities|||||||
|Residents'
contributions|||86,474||86,474|80,967|
|Other trading
activities|||22,049||22,049|22,865|
|Investment
income|||449||449|86|
|Total|||108,972||108,972|104,268|
|EXPENDITURE ON|||||||
|Charitable
activRies|||||||
|General|||111,818||111,818|85,122|
|Net gains/(losses)
on investments|||$14,297)||~14,297)|22,784|
|NET INCOME/(EXPENDITURE)
Transfers between funds||12|(17,143)
~5,000)|5,000|(17,143)|41,930|
|Net movement
in funds|||(22,143)|5,000|(17,143)|41,930|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||786,269|45,000|831,269|789,339|
|TOTAL FUNDS CARRIED FORWARD|||764,126|50,000|814,126|831,269|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||General|Designated|Total|Total|
||||fund|fund|funds|funds|
|||Notes||E|E|E|
|FIXED ASSETS|||||||
|Tangible assets||5|669,092||669,092|669,092|
|Investments||6|147,929||147,929|157,226|
||||817,021||817,021|826,318|
|CURRENT ASSETS|||||||
|Debtors||7|3,466||3,466|3,155|
|Cash at bank|||66,490|50,000|116,490|137,969|
||||69,956|50,000|119,956|141,124|
|CREDITORS|||||||
|Amounts
falling due within one year||8|(16,540)||(16,540)|(19,774)|
|NET CURRENT|ASSETS||53,416|50,000|103,416|121,350|
|TOTAL ASSETS LESS CURRENT LIABILITIES|||870,437|50,000|920,437|947,668|
|CREDITORS|||||||
|Amounts
falling due after more than one|||||||
|year||9|(106,311)||(106,311)|(116,399)|
|NET ASSETS|||764,126|50,000|814,126|831,269|
|FUNDS|||||||
|Unrestricted|funds||||814,126|831,269|
|TOTAI. FUNDS|||||814,126|831,269|
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|2.|OTHER TRADING ACTIVITIES|||
|---|---|---|---|
|||2022|2021|
||Garage rents|22,049|22,865|
|3.|INVESTMENT INCOME|||
|||2022|2021|
|||E|E|
||Dividends|85|82|
||Interest received|364|4|
|||449|86|
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|TA|NGIBLE FIX|ED ASSETS||||
|---|---|---|---|---|---|
|||||Fixtures||
||||Freehold|and||
||||properly|fittings|Totals|
||||E||E|
|COST||||||
|At|I January|2022|859,094|6,736|865,830|
|Social housing||grant|LI90,002)||) 190,002)|
|At|31 December 2022||669,092|6,736|675,828|
|DEPRECIATION||||||
|At|I January|2022 and||||
|31|December|2022||6,736|6,736|
|NET BOOK VALUE||||||
|At|31 December 2022||669,092||669,092|
|At|31 December 2021||669,092||669,092|
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|FIXED ASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At
I January
2022|157,226|
|Additions|5,000|
|At 31 December 2022|162,226|
|PROVISIONS||
|Net loss on revaluation|14,297|
|NET BOOK VALUE||
|At 31 December 2022|147,929|
|At 31 December 2021|157,226|
||||Listed|
|---|---|---|---|
||||investments|
|Valuation|in|2021|91,130|
|Valuation|in|2022|(14,297)|
|Cost|||71,096|
||||147,929|
|7.|DEBTORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||Trade debtors|||||1,257|1,151|
||Prepayments|||||2,209|2,004|
|||||||3,466|3,155|
|B.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|||||||2022|2021|
||Mortgage|loan (see|note||11)|11,851|11,851|
||Trade creditors|||||3,107|6,519|
||Accruals|||||1,582|1,404|
|||||||16,540|19,774|
|9.|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR||||
|||||||2022|2021|
||Mortgage|loan (see|note||11)|106,311|116,399|
|10.|I.OANS|||||||
||An analysis ofthe maturity||||of loans is given below:|||
|||||||2022|2021|
|||||||E||
||Amounts|falling due|within||one year on demand:|||
||Mortgage|loan||||11,851|11,851|
||Amounts|falling due|between
two and five years:|||||
||Mortgage|loan||||106,311|116,399|
##
##
|MOVEMENT|IN|FUNDS||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.22|in funds|funds|31.12.22|
|||||E||E|E|
|Unrestricted|funds|||||||
|General
fund||||786,269|(17,143)|(5,000)|764,126|
|Designated|fund|||45,000||5,000|50,000|
|||||831,269|~17,143)||814,126|
|TOTAL FUNDS||||831,269|J17,143)||814,126|
|Net movement||in funds, included||in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||E|||E|
|Unrestricted|funds|||||||
|General
fund||||108,972|(111,818)|(14,297)|(17,143)|
|TOTAL FUNDS||||108,972|(111,818)|~14,297)|~17,143)|
|Comparatives||for movement|in funds|||||
||||||Net|Transfers||
||||||movement|between|AI|
|||||At 1.1.21|in funds|funds|31.12.21|
|||||||E||
|Unrestricted|funds|||||||
|General
fund||||749,339|41,930|(5,000)|786,269|
|Designated|fund|||40,000||5,000|45,000|
|||||789,339|41,930||831,269|
|TOTAL FUNDS||||789,339|41,930||831,269|
|Comparative
net movement
in|funds, included
in the abov|e are as follows:|||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
|Unrestricted
funds|||||
|General
fund|104,268|(85,122)|22,784|41,930|
|TOTAL FUNDS|104,268|~85,122)|22,784|41,930|
##
|A current|y|ear 12months and pri|or year 12months combine|d
position
is as|follows:||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.21|in funds|funds|31.12.22|
|||||E|E||
|Unrestricted||funds|||||
|General|fund||749,339|24,787|) 10,000)|764,126|
|Designated||fund|40,000||10,000|50,000|
||||789,339|24,787||814,126|
|TOTAL FUNDS|||789,339|24,787||814,126|
|above a|re|as follows;|||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||E||E|
|Unrestricted||funds|||||
|General|fund||213,240|(196,940)|8,487|24,787|
|TOTAL FUNDS|||213,240|) 196,940)|8,487|24,787|
##
##
##
|||2022|2021|
|---|---|---|---|
|INCOME AND|ENDOWMENTS|||
|Donations and|legacies|||
|Donations|||350|
|Other trading|activities|||
|Garage rents||22,049|22,865|
|Investment
income||||
|Dividends||85|82|
|Interest received||364|4|
|||449|86|
|Charitable
activities||||
|Residents'
contributions||86,474|80,967|
|Total incoming|resources|108,972|104,268|
|EXPENDITURE||||
|Charitable
activities||||
|Repairs||68,016|50,466|
|Christmas
gifts||900|875|
|Water||5,147|5,266|
|Insurance||1,731|1,620|
|Electricity||858|605|
|Office expenses||314|168|
|Cleaning||2,012|970|
|Dues and subs||309|351|
|Sundnes||60|352|
|Warden's
expenses||680|680|
|Community
alarm service||7,578|7,278|
|Residents'
outings||1,225||
|Mortgage
interest||5,163|3,909|
|Clerk's expenses||8,550|8,510|
|Management|fees|2,635|2,668|
|||105,178|83,718|
|Support costs||||
|Governance|costs|||
|Accountancy||1,440|1,404|
|Professional
fees||5,200||
|||6,640|1,404|
|Total resources|expended|111,818|85,122|
|Net (expenditure)/income||~2,846)|19,146|