| 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 | HSBC | |||
| 3-4 Jameson Street |
||||
| Hull | ||||
| HUI 3JX | ||||
| INVESTMENT | MANAGERS | JM FINN | ||
| 4 Coleman Street | ||||
| London | ||||
| EC2R5TA |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Number | of residents at year end | 141 | 141 | |
| Changes | in residents during the year due to: | |||
| New residents | 17 | |||
| Resignations | 5 | II | ||
| Deaths | 2 | |||
| 7 | 12 | |||
| Average | age of residents | 77 | 77 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS |
FROM | ||||||
| Charitable activities |
4 | ||||||
| Charges to residents | 547,456 | 547,456 | 528,245 | ||||
| Governance costs |
744 | ||||||
| Income from laundry | 4,089 | 4,089 | 3,174 | ||||
| Electric sales | 84,879 | 84,879 | 101,893 | ||||
| Investment income |
3 | 24,270 | 24,270 | 15,274 | |||
| Total | 660,694 | 660,694 | 649,330 | ||||
| EXPENDITURE |
ON | ||||||
| Raising funds |
|||||||
| Other trading activities | 5 | 483,700 | 483,700 | 420,582 | |||
| 483,700 | 483,700 | 420,582 | |||||
| Charitable activities |
6 | ||||||
| Governance costs |
256,002 | 256,002 | 252,554 | ||||
| Total | 739,701 | 739,702 | 673, 136 | ||||
| Net gains/(losses) on investments | 42,517 | 42,517 | (71 ,609) | ||||
| NET INCOME/(EXPENDITURE) | (36,491) | (36,491) | (95,415) | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | I ,498,513 | 80,023 | I ,578,536 | I ,673,951 | ||
| TOTAL FUNDS |
CARRIED |
FORWARD | I ,462,022 | 80,023 | I ,542,045 | 1,578,536 | |
| CONTINUING OPERATIONS |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | I | |||||
| FIXED ASSETS |
||||||
| Tangible assets | 12 | 284,81 I | 76,205 | 361,016 | 455,231 | |
| Investments | 13 | 643,666 | 643,666 | 592,355 | ||
| 928,477 | 76,205 | I ,004,682 | I ,047,586 | |||
| CURRENT ASSETS |
||||||
| Debtors | 14 | 246 | 246 | 5,443 | ||
| Cash at bank and in | hand | 571 ,767 | 3,818 | 575,585 | 579,599 | |
| 572,013 | 3,818 | 575,831 | 585,042 | |||
| CREDITORS | ||||||
| Amounts falling due | within one year | IS | (38,468) | (38,468) | (54,092) | |
| NET CURRENT |
ASSETS | 533,545 | 3,818 | 537,363 | 530,950 | |
| TOT AL ASSETS |
LESS CURRENT | |||||
| IIABILITIES | 1,462,022 | 80,023 | I ,542,045 | I ,578,536 | ||
| NET ASSETS | I ,462,022 | 80,023 | ||||
| FuNDS | 16 | |||||
| Unrestricted funds |
I ,462,022 | I ,498,513 | ||||
| Restricted funds | 80,023 | 80,023 | ||||
| TOTAL FUNDS |
I ,542,045 | I ,578,536 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | l | ||||||
| Cash flows from | operating | activities | |||||
| Cash generated from operations |
(19,490) | 49, | 186 | ||||
| Net cash (used in)/provided |
by | operating |
activities | (19,490) | 49, | 186 | |
| Cash flows from | investing | activities | |||||
| Purchase of fixed | asset investments | (18,375) | (257,569) | ||||
| Sale of fixed asset | investments | 9,581 | 252, | 175 | |||
| Sale of investment | property | 129 | |||||
| Sale of social investments | (129) | ||||||
| Interest received | 5,895 | 201 | |||||
| Dividends received | 18,375 | 15,073 | |||||
| Net cash provided | by investing | activities | I 5,476 | 9,880 | |||
| Change in cash |
and cash | equivalents |
in the | ||||
| reporting period |
(4,014) | 59,066 | |||||
| Cash and cash equivalents | at the beginning | ||||||
| of the reporting | period | 579,599 | 520,533 | ||||
| Cash and cash equivalents | at the end | of | |||||
| the reporting period |
575,585 | 579,599 |
| RECONCILIATION |
OF | NET EXPENDITURE | NET EXPENDITURE | TO NET CASH | FLOW FROM OPERATING | ACTIVITIES |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| { | I | |||||
| Net expenditure for |
the | reporting | period (as | per the Statement | of | |
| Financial Activities) | (36i491 ) | (95,41S) | ||||
| Adjustments for: |
||||||
| Depreciationcharges | 94,215 | 94,215 | ||||
| (Gain)/Iossesoninvestments | (42,517) | 71,609 | ||||
| Interestreceived | (5i895) | (201) | ||||
| Dividendsreceived | (18,375) | (15,073) | ||||
| Decrease/(increase)indebtors | 5,197 | (1,815) | ||||
| Decreaseincreditors | (15,624) | (4,134) | ||||
| Net cash (used in)/provided |
by operations | (19,490) | 49, 186 |
| At 1/10/22 | Cash flow | At 30/9/23 | ||
|---|---|---|---|---|
| Net | cash | |||
| Cash | at bank and in hand | 579,599 | (4,014) | 575,585 |
| 579,599 | (4,014) | 575,585 | ||
| Total | 579,599 | (4,014) | 575,585 |
| INVESTMENT |
IN | COME | ||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| UK listed investments | 9,984 | 8, 199 | ||||||
| Overseas listed investments | 8,391 | 6,874 | ||||||
| Deposit account |
interest | 5,895 | ||||||
| 24,270 | 15,274 | |||||||
| INCOME FROM |
CHARIT | ABLE | ACTMTIES | |||||
| 2023 | 2022 | |||||||
| Charges | ncome | |||||||
| from | Electric | Total | Total | |||||
| residents | laundry | sales | activities | activities | ||||
| Charges to residents | 547,456 | 547,456 | 528,245 | |||||
| Income from laundry | 4,089 | 4,089 | 3 174 | |||||
| Hall rental | 744 | |||||||
| Electric charges | to | residents | 69,702 | 69,702 | 85,210 | |||
| RHI | IS, I 77 | 15, I 77 | 6,683 | |||||
| 547,456 | 4,089 | 84,879 | 636,424 | 634,056 |
| OTHER TRADING ACTIVITIES |
||
|---|---|---|
| 2023 | 2022 | |
| Heating costs | 19.223 | 12,242 |
| Staff costs | 27.280 | 34,515 |
| Rates and water | 4.977 | 4,461 |
| Insurance | 6. 173 | I S,774 |
| Background heating | 129.089 | 118,803 |
| Garden maintenance | 3.447 | 1,175 |
| Water charges | 34319 | 28,406 |
| Cleaning | 3.248 | 4,497 |
| Routine maintenance | 42.558 | 44, 137 |
| Carried forward | 280,314 | 264,010 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| I | ||||||
| Brought forward | 280,314 | 264 010 | ||||
| Property repairs | 203,386 | 56,572 | ||||
| 483,700 | 420,582 | |||||
| CHARIT | ABLE |
ACTIVITIES | COSTS | |||
| Support | ||||||
| costs (see | ||||||
| note 7) | ||||||
| Governance | costs | 256,002 | ||||
| SUPPORT | COSTS | |||||
| Governance | ||||||
| COStS | ||||||
| Governance | costs | 256,002 |
| ST AF | F COSTS | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Wages | and salaries | 36,900 | 35,243 |
| Social | security costs | 7,591 | 7,855 |
| Other | pension costs | 7 764 | 7917 |
| 152,256 | 151,015 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Administration | l | l | |||
| Cleaning | l | l | |||
| Caretaker | I | I | |||
| Garden maintenance | I | I | |||
| 6 |
| COMPARATI | VE | S | FOR THE S | TATEMENT OF FINA |
NCIAL ACTIVITIES |
||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| INCOME |
AND |
ENDOWMENTS | FROM | ||||
| Charitable | activities | ||||||
| Charges to | residents | 528,245 | 528,245 | ||||
| Governance | costs | 744 | 744 | ||||
| Income from | laundry | 3,174 | 3,174 | ||||
| Electric sales | 101 ,893 | 101,893 | |||||
| Investment |
income | 15,274 | IS,274 | ||||
| Total | 649,330 | 649,330 | |||||
| EXPENDITURE |
ON | ||||||
| Raising funds |
|||||||
| Other trading | activities | 420,582 | 420,582 | ||||
| 420,582 | 420,582 | ||||||
| Charitable | activities | ||||||
| Governance | costs | 252,554 | 252,554 | ||||
| Tota[ | 673,136 | 673,136 | |||||
| Net gains/(losses) |
on investments | (71,609) | (71 ,609) |
| COMPARATIVES | FOR THE | STATEMENT | OF FINANCIAL | ACTIVITIES - |
continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted |
Total | ||||
| funds | funds | funds | ||||
| { | { | |||||
| NETINCOME/(EXPENDITURE) | (95,415) | (95,415) | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 1,593,928 | 80,023 | I ,673,951 | ||
| TOTAL FUNDS |
CARRIED |
FORWARD | I ,498,513 |
| T ANGIBLE FIXED ASSETS |
|||
|---|---|---|---|
| Improvements | |||
| Freehold | to | ||
| property | property | Totals | |
| COST | |||
| At I October 2022 and 30 September 2023 | 76,205 | 942,147 | 1,018,352 |
| DEPRECIATION | |||
| AtlOctober2022 | 563,121 | 563.121 | |
| Charge for year | 94,215 | 94,215 | |
| At 30 September 2023 | 657,336 | 057,336 | |
| NETBOOKVALUE | |||
| At 30 September 1013 | 76,205 | 284,81I | 361,016 |
| At 30 September 2022 | 76,205 | 379,026 | 455,231 |
| FIXED ASSE |
T |
INVESTM | ENTS | |||||
|---|---|---|---|---|---|---|---|---|
| Listed | ||||||||
| nvestments | ||||||||
| MARKET V |
ALUE | |||||||
| At I October | 2022 | 592,355 | ||||||
| Additions | 18,375 | |||||||
| Disposals | (9,581) | |||||||
| Revaluations | 42,517 | |||||||
| At 30 September |
2023 | 643,66(> | ||||||
| NET BOOK | VALUE | |||||||
| At 30 September |
2023 | 643,666 | ||||||
| At 30 September |
2022 | 592,355 | ||||||
| Analysis of |
investment |
assets | 2023 | 2022 | ||||
| Assets in the | UK | 284,552 | 265,733 | |||||
| Assets outside | the | UK | 359,114 | 326,622 | ||||
| 643,666 | 592,355 | |||||||
| Cost or valuation |
at 30 September 2023 | is represented |
by: | |||||
| Listed | ||||||||
| investments | ||||||||
| Valuation in 2023 | 643,666 | |||||||
| 14. | DEBTORS: | AMOUNTS | FALLING |
DUE WITHIN | ONEYEAR | |||
| 2023 | 2022 | |||||||
| I | ||||||||
| Other debtors | 240 | 5 443 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN |
ONE YEAR | |
|---|---|---|
| 2023 | 2022 | |
| {: | ||
| Taxation and social security | 442 | I ,202 |
| Other creditors | 37 026 | 52,890 |
| 38,468 | 54,092 |
| MOVEMENT IN F |
LINDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | ||||
| 1/10/22 | in funds | funds | 30/9/23 | ||
| Unrestricted funds |
|||||
| Restricted investment | fu nd | 260,778 | 55,630 | (66,000) | 250,408 |
| Free investment fund |
I ,228,822 | I I 1,165 | (132,000) | I ,208,087 | |
| Cyclical maintenance |
fund | 6,645 | (33,258) | 28,000 | 1,387 |
| Extraordinary repair |
fund | I ,878 | (170,128) | 170,000 | 1,750 |
| Property maintenance | fund | 390 | 390 | ||
| 1,49El,513 | (36,491) | 1,462,022 | |||
| Restricted funds |
|||||
| Property endowment | fu nd | 50,023 | 50,023 | ||
| Mortgage redemption | fu nd | 30,000 | 30,000 | ||
| 80,023 | 80,023 | ||||
| TOT AL FUNDS |
1,578,536 | (36,491) | 1,542,045 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| Restricted |
investment | fund | 220,231 | (178,773) | 14,172 | 55,630 | |
| Free investment | fund | 440,403 | (357,543) | 28,345 | 111,265 | ||
| Cyclical maintenance |
fund | (33,258) | (33,258) | ||||
| Extraordinary |
repair | fund | (170,128) | (170,128) | |||
| 660,694 | (739,702) | 42,517 | (36,491) | ||||
| TOT AL |
FUNDS | 660,694 | (739,702) | 42,517 | (36,491) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | |||||
| 1/10/21 | in funds | funds | 30/9/22 | |||
| Unrestricted funds |
||||||
| Restricted | investment | fund | 293,%0 | 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 | 0,645 |
| Extraordinary repair |
fund | 963 | (94,085) | 95,000 | 1,878 | |
| Property | maintenance | fund | 390 | 390 | ||
| I ,593,928 | (95,415) | 1,498,513 | ||||
| Restricted | funds | |||||
| Property | endowment | fund | 50,023 | 50,023 | ||
| Mortgage | redemption | fund | 30,000 | 30,000 | ||
| 80,023 | 80,023 | |||||
| TOTALFUNDS | I ,673,951 | (95,415) | I ,578,536 |
| ncoming | 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) | 40,7n | ||
| Cyclical maintenance |
fund | (62,487) | (62,487) | ||||
| Extraordinary |
repair | fund | (94,085) | (94,085) | |||
| 649,330 | (673, 136) | (71,609) | (95,415) | ||||
| TOTAL |
FUNDS | 649,330 | (673, I36) | (71,609) | (95,415) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | |||||
| 1/10/21 | in funds | funds | 30/9/23 | |||
| Unrestricted funds |
||||||
| Restricted investment | fund | 293,060 | 76,015 | (118,667) | 250,408 | |
| Free investment fund |
1,293,383 | 152,037 | (237,333) | I ,208,087 | ||
| Cyclical maintenance |
fund | 6, I 32 | (95,745) | 91,000 | I ,387 | |
| Extraordinary repair |
fund | 963 | (264,213) | 265,000 | 1,750 | |
| Property maintenance | fund | 390 | 390 | |||
| I ,593,928 | (131,906) | I ,461,011 | ||||
| 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 | (131,906) | I ,542,045 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted |
funds | |||||
| Restricted investment | fund | 436,675 | (350,962) | (9,698) | 76,015 | |
| Free investment | fund | 873,349 | (701,918) | (19,394) | 152,037 | |
| Cyclical maintenance |
fund | (95,745) | (95,745) | |||
| Extraordinary |
repair | fund | (264,213) | (264,213) | ||
| 1,310,024 | (1,412,838) | (29,09Q) | (131,906) | |||
| TOTALFuNDS | 1,310,024 | (1,412,838) | (29,092) | (131,906) |
| 2023 | 2022 | ||
|---|---|---|---|
| INCOME AND |
ENDOWMENTS | ||
| Investment income |
|||
| UK listed investments | 9,984 | 8,199 | |
| Overseas listed investments | 8,391 | 6,874 | |
| Deposit account | interest | 5,895 | 201 |
| 24,270 | IS,274 | ||
| Charitable activities |
|||
| Charges to residents | 547,456 | 528,245 | |
| Income from laundry | 4,089 | 3,174 | |
| Hall rental | 744 | ||
| Electric charges to residents | 69,701 | 85,210 | |
| RHI | 15,177 | 16,683 | |
| 636,424 | 634,056 | ||
| Total incoming |
resources | 660,694 | 649,330 |
| EXPENDITURE | |||
| Other trading |
activities | ||
| Heating costs | 19,223 | 12,242 | |
| Wages | 24,734 | 31 ,243 | |
| Social security | I ,310 | I ,469 | |
| Pensions | I ,236 | I ,803 | |
| Rates and water | 4,977 | 4,46 I | |
| Insurance | 16,173 | 15,774 | |
| Background heating | 129,089 | 118,803 | |
| Garden maintenance | 3,447 | 1,175 | |
| Water charges | 34,319 | 28,406 | |
| Cleaning | 3,248 | 4,497 | |
| Routine maintenance | 4 2,558 | 44,l37 | |
| Property repairs | 203,386 | 156,572 | |
| 483,700 | 420,582 | ||
| Support costs |
|||
| Governance |
costs | ||
| Salaries | 112, 166 | 104,000 | |
| Carried forward | 112, 166 | 104,000 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Governance |
costs | |||||||
| Brought forward | 112, 166 | 104,000 | ||||||
| Social security | 6,282 | 6,386 | ||||||
| Pensions | 6,528 | 6, 114 | ||||||
| Brokers fees | 9,58 I | 9,679 | ||||||
| Bank charges and | interest | 586 | 1,028 | |||||
| Legal and professional | fees | 2, 101 | 4, 180 | |||||
| General administration, | stationery |
telephones etc. | 10,323 | 10,932 | ||||
| Accountancy | I 4,110 | 16,020 | ||||||
| Depreciation | 94,215 | 94,215 | ||||||
| 256,002 | 252,554 | |||||||
| Total resources | expended | 739,702 | 673, 136 | |||||
| Net expenditure | before | gains and losses | (79,008) | (23,806) | ||||
| Realised recognised |
gains | and losses | ||||||
| Unrealised gains | on | investments | 36,691 | (79,229) | ||||
| Realised gains/(losses) | on | programme | related | |||||
| investments | 5,826 | 7,620 | ||||||
| Net expenditure | (36,491) | (95,415) |