| PAGE | ||||
|---|---|---|---|---|
| Board Report | ||||
| Independent | Auditor's | Report | ||
| Statement of |
Comprehensive Income |
|||
| (Including Income 5. |
Expenditure | Account) | ||
| Balance Sheet | ||||
| Statement of |
Changes | in Reserves | ||
| Notes to the | Financial | Statements | 8-11 |
| for the ye | ar ended 3 |
1st March, 2023 |
||||
|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | ||||
| Turnover: | ||||||
| 62,204 | 60,225 | |||||
| Operating | Costs: | |||||
| Management | (18,086) | (17,6'}9) | ||||
| Services | (3,147) | (2,858) | ||||
| Day to Day | Maintenance | (3,057) | (8,228) | |||
| Void/Major Depreciation |
Repairs | (4,603) ~8531 |
(1,740) ~8'f28 |
|||
| 37424 | 38903 | |||||
| Operating | Surplus | 24,780 | 21,322 | |||
| Interest Receivable and Movement in Fair Value |
Other Income of Investments |
2,310 ~1002 |
755 2 132 |
|||
| Surplus on ordinary | activities before taxation | 6 | 26,088 | 24,209 | ||
| Tax on surplus | ||||||
| Surplus for the financial year |
for the Year Ended |
31st | March, 2023 | |||||
|---|---|---|---|---|---|---|---|
| Note | 2023 | 2022 | |||||
| FIXEDASSETS | |||||||
| Housing land and buildings |
(net of depreciation) | 8 | 581,888 | 589,724 | |||
| Investments | 25 723 | 26 725 | |||||
| 607,611 | 616,449 | ||||||
| CURRENT ASSETS | |||||||
| Debtors | 10 | 961 | 1,205 | ||||
| Cash at Bank | 206 038 | 169 175 | |||||
| 206,999 | 170,380 | ||||||
| CURRENT LIABILITIES | |||||||
| Creditors: Amounts | falling due within | ||||||
| one year | 11 | ~21 327 | 16 178 | ||||
| NET CURRENT ASSETS | 185 672 | 156202 | |||||
| TOTAL ASSETS LESS | |||||||
| CURRENT LIABILITIES | |||||||
| Creditors: Amounts | falling due | 12 | |||||
| after one year | |||||||
| NET ASSETS | |||||||
| CAPITAL AND RESERVES | |||||||
| Unrestricted Reserve |
13 | 595,900 | 569,812 |
| 2023 | 2022 | ||
|---|---|---|---|
| Revenue | Revenue | ||
| Reserve | Reserve | ||
| At 1April 2022 | 5692812 | 545i603 | |
| Total Comprehensive | Income | 26 088 | 29 209 |
| At 31March 2023 | 595900 | 569812 |
| The Charity employs no |
staff. | staff. | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 4. | TURNOVER | |||||
| iviaintenance Contribution |
56,740 | 53,768 | ||||
| Service Charge | 4,068 | 4,198 | ||||
| Voids | (2,060) | (1,197) | ||||
| Amortisation of Government |
Grants | 3 'f56 | 3656 | |||
| 62,204 | 60,225 | |||||
| 5. | INTEREST RECEIVABLE AND OTHER INCOME | 2023 | 2022 | |||
| Bank Interest | ||||||
| Investment Income |
2 310 | 755 | ||||
| 6. | SURPLUS ON ORDINARY | ACTIVITIES | 2023 | 2022 | ||
| BEFORE TAXATION | ||||||
| This is stated after charging: | ||||||
| Auditors Remuneration |
(including | VAT) | ||||
| in their capacity as Auditors |
| 8. FIXEDASSETS | 2023 | 2022 | |||
|---|---|---|---|---|---|
| HOUSING LAND AND |
BUILDINGS —Freehold | ||||
| Cost | |||||
| As at 1'" April 2022 | 672,042 | 669,979 | |||
| Additions | 695 | 2 063 | |||
| As at 31'" March 2023 | 6&737 | 622@42 | |||
| Depreciation As at 1"April 2022 |
82,318 | 73,890 | |||
| Charged in year |
8 531 | 8 428 | |||
| As at 31"March 2023 | |||||
| Net Book Value | |||||
| At beginning of year |
|||||
| At end of year | |||||
| Land with an estimated | cost | of | 265,174 is not depreciated. | ||
| 9. INVESTMENTS | 2023 | 2022f | |||
| At Valuation: | |||||
| Charity Commissioners | —COIF Shares | ||||
| Cost | |||||
| 10.DEBTORS | 2023 | 2022f | |||
| Prepayments | 466 | ||||
| Contribution Arrears |
961 | 739 | |||
| ll. CREDITORS: Amounts within one year |
falling due | 2023 | 2022f | ||
| Trade Creditors | 4,047 | 7,164 | |||
| Contribution Prepaid |
976 | 2,069 | |||
| Government Grants |
3,456 | 3,456 | |||
| Accruals | 12 848 | 3489 | |||
| 12.CREDITORS: Amounts After one year |
falling due | 2023 | 2022f | ||
| Government Grants |
197383 | 200 839 |
| . REVENUE RESERV | E | ||
|---|---|---|---|
| Total | Total | ||
| At 1'" April 2022 | 509,812 | 485,603 | |
| Surplus for the year |
26,088 | 24,209 | |
| Transfer from Capital | Fund | ||
| At 31"March 2023 | |||
| DESIGNATED RESERVES | |||
| Capital | Capital | ||
| Fundf | Fund | ||
| At 1"April 2022 | 60,000 | 60,000 | |
| Transfer to Revenue | Reserve | ||
| At 31"March 2023 |