CRAMER COTTAGES REGISTERLD CHARITY NO. 221519 STATEMENT OF AC'C'OUF4 I'S FOR THE Yfi AR ENDFD 31%1 DF.CF,MHF.R 2023 Sei'eatons Lid. Chartered A¢coun¢aiils Forimei. Athei"stone College R&t¢liffe Road ATHE.RSTONE Warwickshire CV9 ILF GRAMER COTTACES CONTEINTS Trustees, Annual Report Report ofthe Accouiilanls Receipts & Payineiits Account Balaiice Shect Notes to the Accoun15 6- 11 Page I GRAMER COTTAGES TRUSTEES REPORT FOR THE YLI AR II NDED 3151 DEO CEMBCI R 2023 TRUSTEES: Mrs. J. Bamfoi'd Mrs. B. Evans Mrs. L. Evans Mrs. J. Sauiiders Mr. T. Hardy Mr. D. Hai'vey {Vice-Chairinan} Prof. M. Eiiscol Mrs. A. Whoitley CHAIRMAN: ADMINISTRATOR: WARDEI N: Mrs. M. Evans Mrs. S. l. Di-akeford Mrs. S. l. Drakeford The Trustees prescnt their Annual Report aiid Accounts for the ycai. ended 31 . Deceinbcr 2023. Our five one-bedrooi)I cottages and Olir bedsit al'e all occupied. Oui. Rc5idents, Mi-. & Mrs. B. Stevenson, Mr5. J. Davies, Ms. T. CavanaLigFh, Mr. D. Wigley, Mr. D. Lindon aiid Mr. R. Ball 31E all well and enjoy theii. lioines at Gi'ainer Cottages. The financial situation of the Charity remains healthy with piDvision beiiig In8de aiinually foi. cyclical and eKtI'a ordiiiary repaii's ii) futLire years. We ¢ontiiiii¢ with oiii. annual pi'ogi'ainine of work aiid iinpioveinents. W¢ give 'tliaiiks' to Baioii Davenpoit Charily foi. tli¢ii' conliniied suppoit. This year we wei'e foi'lunate to receive a grant fi'om theiii of £5,900. Tliis ivas used towards I'eplacing two walk- in baths with walk-in showei's. Our systeim of visiting Resideiils once a month and cai'rying out phone calls thc other three weeks is still working well and slill has appi'oval froin Residents. Page 2 GRAMEIR COTTAGEI S TRUSTEES REPORT FOR THE YEAR ENDID 31" DECEMBEI R 2023 (continued) Tlie Ti'ustees held six nieetings ihis year to discuss the day to day runiiing of tlie Charity. The Trustees al'e in frequent contact with Administrator aiid Resideiils via einail, texts and lelcphone. It was decided we woiild lake our Residents out for a pre-CliristlT]as luiicli. We went to 'Bai'leys Barn, al Smithy Fai'm, Gi'endon. A wonderful luncli ivas pi'ovided and eiijoyed by The Chai'ity paid for the Residents, illeals. The Ti'ustces paid for theinselves. Grainer Cotta es Trustee Deceinber 2023 Page 3 INDEPENDENT EXAf*glNLI RS, RLI POR'I I"0 THE TRUSTEES OF GRAMER COTTAGES I I'eport oli Ilie accounts of the Trust for the year ended 31 ' Deceinber 2023 which al'e sel out on pages4to 11. Respeetive Responsibilities of Trustees and xaminer The ¢harily's Ii'ustees are I'esponsible for the preparatioii ol'ilie accuunls. The ¥hai'ity's ti'ustccs coiisidei. thk]t an audit IS 1101 I'cqiiii'Ld for this ycar (undci. seLlion 43(2} ofthc Cliarities Act 1993 {the 1993 ALt)) and that ali iiidepend¥nl examination is neLdcd. It is my respoiisibility to- Examine the accoiints (uiidei. section 43(3){a) of tlie 1993 Act- To follow the procedui'es laid dowii iii the Genei'al Dii'ectioiis giveii by the Chai'ity Cominissioners {uiider section 43{7){b} of the 1993 Act). aiid To state whether pai'ticular Inatters have COlT)e to my attenlion. Basis of Indepeiidenl ExAminers' Repoi't My exainintstion was cai'ried out iii accoi'daii¢e with the (ieiiei'al Directions given by the Charity Coinmissioners. An examinatioii includes a revieiv of tl)e a¢couiiling I'ecords kept bj, the cliarity and a coinparison of the accounts i)reseI)tcd witli tliose reeoi'ds. It also inuludes considei'ation ofany unusual iteins or dis¢losures in the accounts, and ihe seekina ot explanatioiis froin you as Il'ustccs coiicernii)g aiiy such Inatlers. The piocedures uiidertaken do not provide all the evidence that wovld be reqiiired in an aiidil and, ¢oiisequeiitly. I do not expi'ess an audit opinion oli the vicw gFiveii by tl)e accounts. Independent ExAminers' Statement In connectioii with m )' exainiiiatioii, no Inattei. has coine to Illy attention: l. Which gives ine reasonable ca115e lo believe that. iii aiiy Inatei'ial I'especl. the requireinen1s'. to keep accounting records in accoi'dance with S41 of the 1993 Act; aiid to pi'epare accounts wliich accoi'd with the accounting recoi'ds aiid lo Comply with Ihe accouiiting requii'einents of the 1993 Act liave not beeii met; or 2. To whi¢h, in Iny opinion. att¢ntioii should be diawn in order to enablc a proper understanding of the accouiils lo be reached. Screalons Lid. Chailered Accounlaiits Iiistilule of Charl¢r¢d Accouiitanls in Eiigland & Wales Foriner Atlierslone College, Ralcliffe Road, Atl)eisloi)e, WAI'wickshire, CV9 1 LF 30, Seplember 2024 Page 4 GRAMER COTTACES RECEIPTS & PAYMEiYTS ACCOUNT FOR THE YEI AR ETrIDE4 D 31st DECEMBER 2023 Notes 2023 2023 2022 2022 Turnover- Recei ts Maintenance Contributions from Residents Wayleave Field Income l{b) 21.133 57 21,190 17,663 57 17,720 Olhei. O Grants eratin Costs Manageinent & Service Repairs & Maintenance Social Needs erati R¢c¢i 5,900 7,250 12.804 20,424 649 8.709 14.977 584 33,877 24,270 Int¢rest Received & Similar Receipts Surplusl{Deficil) On Ordinary Activiti¢s Before Taxation Surplus/{Deficit) For The Year 2,682 2,056 -4,105 -4,105 2,756 2,756 Movement On Reserves B￿ance Brought Forward Surplusl(Deficit) For The Year Transfer TolFrom Cyclical Repairs & Maintenance Reserve Extraordtnary Repairs Reserve Balance Carried Forward 83,953 -4,105 81,197 2,756 79.848 83,953 Gramer Cottages has not acquired or discontinued any fundamental activities during th¢ abov¢ two financial years. The charity has no Yecognised gains and losses oth¢r than those included in the above receipts and payments account. Therefore no separate statement of iolal recognised gains and losses is needed. Page 5 GRAMER COTTAGES BALANCE SHEI Ei T AT 31st DECEMBER 2023 Note 2023 2023 2022 2022 Fixed Assels ui Housin At Cost Less Gi'aiits Received 10 181 12 Land & Buildin 124,069 -103,556 124,069 ~103,5S6 20,513 20,513 Ciiii'¢nt Assets liivestments Cash At Bank & In Hand 28.709 39,320 27,147 45,156 68,029 88,72.2 72,301 92,828 Financed B Receipts & Payinents Account Designated Resei'ves 79,848 8,875 83,953 8,875 92,828 These accounts wei'e approv¢d by tl)¢ committee of Inanagement and signed on ils behalt by: Ti'ustee Ti'uslec Date PagFe 6 GRAMI,'R COTT AGEI S NOTF,S TO THF ACCOUNTS FOR THE YF.AR ENDED 31$1 DLICLMBER 2023 Priiici al Accoiinlill Policies The accounts have been pi'eparcd in accordance witli applicablc accoui)ting stai)daYds iii tl)e United Kingdom. The suinmary of the mol'e iinpoilai)l accounling policies is set out below= Basis of Accountin Tlie accounts al'e prepai'ed under the historical cost basis of accounting. b. Turnover Turnover represents mainlenance coiitributions received. in Land & Buildin There is no record of the oi'igiiial cost of housing. land and buildings aiid no value is allributed Iher¢to. The cost iiicluded iii Ilie balaiice sheet relates to iinpi'oveinents carricd out which were funded by grants received and the cl)arity's own resoui'¢es. As tlie properties al'e iiiaiiilained iii a state of I'epair such thal their estimated I'esidual value is iiot less than their iinpioveineiit cost or cariyiiig amouiit, the aniiual charge for depreciation would be nil. d. Grants Received Housing Association Grants (HAG) and other grants wei'e I'eceived to I'educe the cosl of developinent aiid are Ihei'efoie shown as a dediiclion froin the cost ot housing properties oil the balance sheet. Extraordina Re ail's Cost of exti'aoi'dinary Itpaii's unless Irpirs¢ntii)g improveinenls lo the pi'operties are charged to the receipts aiid payinents accouiil iii Ilie year in wliich tliey are iiicui'i'ed. f. Extraordinai. ail's Resei've This revenue represenls amounls set aside to carry out Inajor I'epaii's on housing pi'operties. g. Chai'ilable Fund ert Reserve This I'eprcseiits the balance of chai'itable grants received lowai'ds specific propeity improveinenls. h. Social N.eeds Reserve This reprcs¥nls the balance of fuiids tliat have been specifically allocated for social need pui'p05es. clical Re airs & Maintei)ance Reserve This reserve I'epresents amouiits set aside foi- cyclical Inaiiilenance ai)d to Ineet costs in excess of biidgeted payi*ents for any year. j. Cash Flow Siateinenl Undei. Fii)ancial Repoi1in¥ Standard i)0. I the charity is iiot I'eqvii'ed lo produc¢ a cash flow statement. Pagie 7 (JliAMEII CU'I"I"AGES NOTES TO THF, AC.C.nUNTS (e4)nttnucd) FOR THF YEAR ENDED 31st DECEMBLI R 2023 Eqiiipmenl is staled al cosi less depi'eciatioii. Depi'ecialioii is provided at a l'ate calculated to write off the cost ot'equipmenl. less the estimated residiial valiie over the expected useful life on tlie followiiig? basis.. Equipinent 25D/o reducing balance l. Illusti'alive DisclosLire In cominoi) with Inaiiy oihey busiiiesses of our size and iiatui'e we Lise our auditors lo pi'epare aiid assist Miith the pi'eparalion of tlie financial staleinents. P(Ige 8 GRAMER COTTAGEI S NOTFS TO THE ACCOUNTS (Continued) FOR THE YEAR EP¥DED 31st DECEMBER 2023 2023 2022 Administi'ator's Einoliiinents Non¢ ol Ili¢ li￿SteeS i'eceived enioliiinents. The einoluments of the adn)inists'aloi' to the trustees and the w￿-delI wei'e as follows: Eilloluments 6,093 5.468 Ititeirst Receivable & Siinilai. Recei Baiik Deposil Intei'est Investnient Receipts ts 425 2,257 48 2,008 2,056 Taxation The associalion is a i'eLJiStei'ed cli