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2022-09-30-accounts

Page
Reference and Administrative
 Details I
Report
of		 the Trustees 2
to		 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance
Sheet		 7
Cash Flow Statement 8
Notes
to		 the Cash Flow Statement 9
Notes
to		 the Financial Statements 10
to		 20
Detailed
 Statement
 of Financial Activities 21 to 22
TRUSTEES Adrian Mark Horsley
Mrs Patricia Anne Booth
Kevin Simon Webster
James Needler
Nicholas Luffingham
Mr Anthony
 Nicholson
Neil Riseham
Mrs Karen Woods
PRINCIPAL
 ADDRESS Anlaby Road
Hull
East Yorkshire
HU4 6XA
REGISTERED CHARITY
 NUMBER 221523
INDEPENDENT EXAMINER Sowerby
Chartered
Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF
BANKERS HSEIC
3-4 Jameson
Street
Hull
HU I 3JX
INVESTMENT MANAGERS JM FINN
4 Coleman Street
London
EC2R5TA

2022 2021
Number of residents at year end 141 136
Changes in residents during the year due to:
New residents 17 23
Resignations
Deaths
12 12
Average age of residents 77 76

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes I I
INCOME
AND
 ENDOWMENTS FROM
Donations
and legacies		 3 7,691
Charitable
activities		 5
Charges to residents 528,245 528,245 470,742
Governance
costs		 744 744 762
Income from laundry 3,174 3,174 2, 193
Electric sales 101,893 101 ,893 78,551
Investment
income		 4 IS,274 15,274 9,439
Total 649,330 649,330 569,378
EXPENDITURE ON
Raising
funds
Other trading activities 6 420,582 420,582 446, 119
420,582 420,582 446, 119
Charitable
activities		 7
Governance
costs		 252,554 252,554 225,677
Total 673, 136 673, 136 67 I,79(>
Net gains/(losses) on investments (71 ,609) (71,609) 42,564
NET INCOME/(EXPENDITURE) (95,415) (95,415) (59,854)
RECONCILIATION OF FUNDS
Total funds brought forward 1,593,928 80,023 1,673,951 1,733,805
TOTAL
FUNDS		 CARRIED
 FORWARD 1,498,513 80,023 1,578,536 1,673,951

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes I
FIXED
 ASSETS
Tangible assets 13 379 026 76,205 455,231 549,446
Investments 14 592,355 592,355 658,570
971 ,381 76,205 I ,047,586 I ,208,016
CURRENT
 ASSETS
Debtors IS 5,443 S,443 3,628
Cash at bank and in hand 575,781 3,818 579,599 520,533
581,224 3,818 585,042 524, 161
CREDITORS
Amounts falling due within one year 16 (54,092) (54,092) (58,226)
NET CURRENT
ASSETS		 527,132 3,818 530,950 465,935
TOT
AL		 ASSETS
 LESS CURRENT
LIABILITIES 1,498,513 80,023 1,578,536 1,673,951
NET
ASSETS		 I ,498,513 80,023 I ,578,536 I ,673,951
FUNDS 17
Unrestricted
 funds I ,498,513 I ,593,928
Restricted funds 80,023 80,023
TOT
AL		 FUNDS 1,578,536 I ,673,951

2022 2021
Notes
Cash flows from operating
 activities
Cash generated from operations 49,186 49,812
Net cash provided by operating activities 49, 186 49,812
Cash flows from investing
 activities
Purchase of fixed asset investments (257,569) (309,366)
Sale of fixed asset investments 252,175 5,867
Interest received 201 73
Dividends received 15,073 9,366
Net cash provided by/(used in) investing activities 9,880 (294,060)
Change
in cash		 and cash equivalents in the
reporting
period		 59,066 (244,248)
Cash and cash equivalents
 at the beginning
of the reporting period 520,533 7(i4,78 I
Cash and cash equivalents
 at the end of
the reporting
period		 579,599 520,533
RECONCILIATION OF NET EXPENDITURE OF NET EXPENDITURE OF NET EXPENDITURE TO NET CASH FLOW FLOW FROM OPERATING ACTIVITIES
2022 2021
{ {
Net expenditure
 for the reporting
 period (as per the Statement of
FinancialActivities) (95-415) (59-854)
Adjustments
for:
Depreciationcharges 94,215 92,322
Losses/(gain)oninvestments 71,609 (42,564)
Interestreceived (20') (73)
Dividendsreceived (15,073) (9,366)
(Increase)/decrease
 in debtors (1,81 S) 51,982
(Decrease)/increaseincreditors (4,134) 17,365
Net cash provided by operations 49, 186 49,812
ANALYSIS
OF CHANGES		 IN NET FUNDS
At 1/10/21 Cash flow At 30/9/22
Net cash
Cash at bank and in hand 520,533 59,066 579,599
520,533 59,066 579,599
Total 520,533 59,066 579,599

DONATIONS
AND
LEGACIES
2022 202
Grants 7 69
Grants received, included in the above, are as follows:
2022 202
Coronavirus Job Retention scheme 7 69
INVESTMENT
INCOME
2022 2021
I
UK listed investments 8, 199 5,814
Overseas listed investments 6,874 3,552
Deposit account interest 201 73
IS,274 9,439

Charges Income
tO Governance from
residents costs laundry
l
Charges to residents 528,245
Income from laundry 3,174
Hall rental 744
Electric charges to residents
RHI
528,245 744 3,174
2022 2021
Electric Total Total
sales activities activities
Charges to residents 528,245 470,742
Income from laundry 3,174 2,193
Hall rental 744 762
Electric charges to residents 85,210 85,210 63,742
RHI 16,683 16,683 14,809
101 ,893 634,056 552,248
OTHER TRADING ACTMTIES
2022 202
Heating costs 2,242 3 459
Staff costs 34,515 24 655
Rates and water 4 46 9,537
Insurance 5 774 4 442
Background heating 8,803 22,734
Ggrden maintenance 2,499
Water
 charges 28,406 27,277
Cleaning 4 497 4 687
Routine maintenance 44 137 38,616
Property repairs 56,572 88,21 3
420,582 446, 119

CHARITABLE ACTIVITIES
COSTS
Support
COStS (See
note
8)
Governance costs 252,554
SUPPORT COSTS
Governance
costs
I
Governance costs 252,554

STAFFCOSTS
2022 202
Wages and salaries 35,243 2,240
Social security costs 7,855 5,370
Other pension costs 7917 7 627
151 ,015 125,237
The average monthly number of employees during the year was as follows:
2022 2021
Administration 2 2
Cleaning 2 2
Caretaker I I
Garden maintenance I I
6

The number of employees to whom retirement The number of employees to whom retirement The number of employees to whom retirement The number of employees to whom retirement benefits
were accruing under defined contribution schemes
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES
Unrestricted Restricted Total
funds funds funds
I I
INCOME
AND
ENDOWMENTS		 FROM
Donations
and legacies		 7,691 7,691
Charitable
activities
Charges to residents 470,742 470,742
Governance
costs		 762 762
Income from laundry 2, 193 2, 193
Electric sales 78,551 78,551
Investment
income		 9,439 9,439
Total 569,378 569,378
EXPENDITURE
 ON
Raising
funds
Other
trading activities		 446, 119 446, 119
446, 119 446, 119
Charitable
activities
Governance
costs		 225,677 225,677
Total 671 ,796 671 ,796
Net gains on investments 42,564 42,564
NET INCOME/(EXPENDITURE) (59,854) (59,854)
RECONCILIATION OF FUNDS
Total funds brought forward I ,653,782 80,023 I ,733,805
TOTAL
FUNDS
 CARRIED
 FORWARD I ,593,928 80,023 I ,673,951

Improvements
Freehold to
property property Totals
L
COST
At I October
2021 and 30 September		 2022 76,205 942, 147 1,018,352
DEPRECIATION
At I October
2021		 468,906 468,906
Charge for year 94,21 S 94,21S
At 30 September
 2022 563,121 563, 121
NETBOOKVALUE
At 30 September
 2022 76,205 379,020 455,231
At 30 September
 2021 76,205 473,241 549,446
14. FIXED
ASSET
 INVESTMENTS
Listed
investments
MARKET
V ALUE
At I October
2021		 658,570
Additions 257,569
Disposals (252, 175)
Revaluations (71 ,609)
At 30 September
 2022 592,355
NETBOOKVALUE
At 30 September
 2022 592,355
At 30 September
 2021 658,570
Analysis
of investment		 assets 2022 2021
Assets in the UK 265,733 422,804
Assets outside the UK 326,622 235,766
592,355 658,570

Listed
rnvestments
Valuation in 2022 592,355
DEBTORS: AMOUNTS
 FALLING
 DUE WITHIN ONE YEAR
2022 202
Other debtors 5 443 2,484
VAT
5,443 3,628
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Taxation and social security I ,202
Other creditors 52,890 58,226
54,092 58,226
MOVEMENT IN FUNDS
Net Transfers
movement between
1/10/21 in funds funds 30/9/22
Unrestricted funds
Restricted investment fund 293,060 20,385 (52,667) 260,778
Free investment fund I ,293,383 40,772 (105,333) I ,228,822
Cyclical maintenance
 fund 6, 132 (62,487) 63,000 6,645
Extraordinary repair fund 963 (94,085) 95,000 I ,878
Property
 maintenance fund 390 390
I ,593,928 (95,415) I ,498,S13
Restricted funds
Property
 endowment fund 50,023 50,023
Mortgage redemption fund 30,000 30,000
80,023 80,023
TOT
AL		 FUNDS 1,673,951 (95,41 S) I ,578,536

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
Restricted
 investment fund 216,444 (172,189) (23,870) 20,385
Free investment fund 432,886 (344,375) (47,739) 40,772
Cyclical maintenance
 fund (62,487) (62,487)
Extraordinary
 repair fund (94,085) (94,085)
649,330 (673, 136) (71 ,609) (95,4 IS)
TOTAL
 FUNDS 649,330 (673, 136) (71 ,609) (95,415)

Net Transfers
movement between
1/10/20 in funds funds 30/9/2I
I
Unrestricted
funds
Restricted investment fund 308,941 42,786 (58,667) 293,060
Free investment
fund		 1,325,143 85,573 (117,333) I ,293,383
Cyclical maintenance
 fund 20,783 (74,651) 60,000 6, 132
Extraordinary
repair		 fund (1,475) (113,562) 116,000 963
Property maintenance fund 390 390
I ,653,782 (59,854) I ,593,928
Restricted funds
Property endowment fund 50,023 50,023
Mortgage redemption fund 30,000 30,000
80,023 80,023
TOT
AL		 FUNDS I ,733,805 (59,854) I ,673,951

Incoming Resources Gains and Movement
resources expended losses in funds
{ {
Unrestricted funds
Restricted
 investment fund 189,794 (161, 196) 14, 188 42,786
Freeinvestmentfund 379,584 (322,387) 28,376 85,573
Cyclicalmaintenancefund (74,651) (74,651)
Extraordinary repair fund (113,562) (113,562)
569,378 (671,796) 42,564 (59,854)
TOT
AL FUNDS		 569,378 (671,796) 42,564 (59,854)
Net Transfers
At movement between
l/I O/20 in funds funds 30/9/22
I {
Unrestricted funds
Restricted investment fund 308,941 63, 171 (111,334) 260,778
Free investmentfund 1,325,143 126,345 (222,666) I ,228,822
Cyclical maintenance
 fund 20,783 (137, 138) 123,000 6,645
Extraordinaryrepairfund (1,475) (207,647) 21I ,000 I ,878
Propertymaintenancefund 390 390
I ,653,782 (155,269) I ,498,513
Restricted funds
Property endowment fund 50,023 50,023
Mortgage redemption fund 30,000 30,000
80,023 80,023
TOT
AL		 FUNDS 1,733,805 (155,269) I ,578,536

Incoming Resources Gains and Movement
resources expended losses in funds
I l
Unrestricted funds
Restricted
 investment fund 406,238 (333,385) (9,682) 63, 171
Free investment fund 812,470 (666,762) (19,363) I 26,345
Cyclical maintenance
 fund (137,138) (137,138)
Extraordinary repair fund (207,647) (207,647)
I ,218,708 (I ,344,932) (29,045) (155,269)
TOT
AL FUNDS		 I ,218,708 (I ,344,932) (29,045) (155,269)

2022 2021
I
INCOME
AND		 ENDOWMENTS
Donations
and		 legacies
Grants 7,691
Investment
income
UK listed investments 8, 199 5,814
Overseas listed investments 6,874 3,552
Deposit account interest 201 73
15,274 9,439
Charitable
activities
Charges to residents 528,245 470,742
Income from laundry 3,174 2, 193
Hall rental 744 762
Electric charges to residents 85,210 63,742
RHI 16,683 14,809
634,056 552,248
Total
incoming		 resources 649,330 569,378
EXPENDITURE
Other
trading
 activities
Heating costs 12,242 13,459
Wages 31 ,243 22,445
Social security I ,469 1,074
Pensions I ,803 I , 136
Rates and water 4,461 9,537
Insurance I S,774 14,442
Background
heating		 118,803 122,734
Garden maintenance 1,175 2,499
Water
charges		 28,406 27,277
Cleaning 4,497 4,687
Routine maintenance 44, 137 38,616
Property
repairs		 156,572 1K213
420,582 446, 119
Support
costs

2022 2021
Support
costs
Governance
 costs
Salaries 104,000 89,795
Social security 6,386 4,296
Pensions 6, 114 6,491
Brokers
fees		 9,679 5,867
Bank charges and interest I ,028 207
Legal and professional fees 4, 180 4,95 I
General
administration,		 stationery telephones etc. 10,932 9,873
Accountancy 16,020 II ,875
Depreciation 94,215 92,322
252,554 225,677
Total resources
 expended 673,136 671 ,796
Net
expenditure		 before gains and losses (23,806) (102,418)
Realised
recognised		 gains and losses
Unrealised
gains		 on investments (79,229) 39, 189
Realised gains/(losses) on programme related
investments 7,620 3,375
Net
expenditure		 (95,415) (59,854)