||||||||Page||
|---|---|---|---|---|---|---|---|---|
|Reference|and Administrative<br>||||Details||I||
|Report<br>of|the|Trustees||||2|<br>to|4|
|Independent||Examiner's||Report|||5||
|Statement|of|Financial||Activities|||6||
|Balance<br>Sheet|||||||7||
|Cash Flow|Statement||||||8||
|Notes to|the|Cash Flow||Statement|||9||
|Notes to|the|Financial||Statements||10|<br>to|20|
|Detailed<br>|Statement<br>||of|Financial|Activities|21|to|22|





|TRUSTEES|||Adrian Mark|Horsley|
|---|---|---|---|---|
||||Mrs Patricia Anne Booth||
||||Kevin  Simon|Webster|
||||James<br>Needler||
||||Nicholas Luffingham||
||||Mr  Anthony<br>|Nicholson|
||||Neil  Riseham||
||||Mrs Karen Woods||
|PRINCIPAL<br>|ADDRESS||Anlaby Road||
||||Hull||
||||East Yorkshire||
||||HU4  6XA||
|REGISTERED|CHARITY<br>|NUMBER|221523||
|INDEPENDENT|EXAMINER||Sowerby||
||||Chartered<br>Accountants||
||||Beckside Court||
||||Annie Reed Road||
||||Beverley||
||||East Yorkshire||
||||HU17 0LF||
|BANKERS|||HSBC||
||||3-4 Jameson<br>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<br>AND ENDOWMENTS||FROM||||||
|Charitable<br>activities|||4|||||
|Charges to residents||||547,456||547,456|528,245|
|Governance<br>costs|||||||744|
|Income from laundry||||4,089||4,089|3,174|
|Electric sales||||84,879||84,879|101,893|
|Investment<br>income|||3|24,270||24,270|15,274|
|Total||||660,694||660,694|649,330|
|EXPENDITURE<br>|ON|||||||
|Raising<br>funds||||||||
|Other trading activities|||5|483,700||483,700|420,582|
|||||483,700||483,700|420,582|
|Charitable<br>activities|||6|||||
|Governance<br>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<br>FUNDS<br>|CARRIED<br>|FORWARD||I ,462,022|80,023|I ,542,045|1,578,536|
|CONTINUING<br>OPERATIONS||||||||





## 

||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|I||||
|FIXED<br>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<br>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<br>|ASSETS||533,545|3,818|537,363|530,950|
|TOT<br>AL ASSETS<br>|LESS CURRENT||||||
|IIABILITIES|||1,462,022|80,023|I ,542,045|I ,578,536|
|NET ASSETS|||I ,462,022|80,023|||
|FuNDS||16|||||
|Unrestricted<br>funds|||||I ,462,022|I ,498,513|
|Restricted funds|||||80,023|80,023|
|TOTAL<br>FUNDS|||||I ,542,045|I ,578,536|





## 

||||||2023|2022||
|---|---|---|---|---|---|---|---|
|||||Notes||l||
|Cash flows from|operating||activities|||||
|Cash generated from<br>operations|||||(19,490)|49,|186|
|Net cash (used in)/provided<br>||by|operating<br>|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<br>in cash|and cash|equivalents<br>||in the||||
|reporting<br>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<br>period|||||575,585|579,599||





|RECONCILIATION<br>|OF|NET EXPENDITURE|NET EXPENDITURE|TO  NET CASH|FLOW FROM  OPERATING|ACTIVITIES|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||{|I|
|Net expenditure<br>for|the|reporting|period  (as|per  the  Statement|of||
|Financial Activities)|||||(36i491 )|(95,41S)|
|Adjustments<br>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<br>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<br>|IN|COME|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|UK  listed  investments|||||||9,984|8, 199|
|Overseas listed investments|||||||8,391|6,874|
|Deposit account<br>|interest||||||5,895||
||||||||24,270|15,274|
|INCOME<br>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<br>TRADING<br>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<br>||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<br>OF FINA|NCIAL<br>ACTIVITIES|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
|INCOME<br>|AND<br>||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<br>|income||||15,274||IS,274|
|Total|||||649,330||649,330|
|EXPENDITURE<br>|||ON|||||
|Raising<br>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)<br>|||on  investments||(71,609)||(71 ,609)|





|COMPARATIVES|FOR THE|STATEMENT|OF FINANCIAL|ACTIVITIES<br>-|continued||
|---|---|---|---|---|---|---|
|||||Unrestricted|<br>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<br>FUNDS|CARRIED<br>|FORWARD||I ,498,513|||



## 

## 

|T  ANGIBLE<br>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<br>ASSE|T<br>|INVESTM|ENTS|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Listed|
|||||||||nvestments|
||MARKET<br>V|ALUE|||||||
||At I October|2022||||||592,355|
||Additions|||||||18,375|
||Disposals|||||||(9,581)|
||Revaluations|||||||42,517|
||At  30 September<br>||2023|||||643,66(>|
||NET BOOK|VALUE|||||||
||At  30 September<br>||2023|||||643,666|
||At  30 September<br>||2022|||||592,355|
||Analysis<br>of|investment<br>||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<br>||at 30 September 2023||is represented<br>|by:|||
|||||||||Listed|
|||||||||investments|
||Valuation in 2023|||||||643,666|
|14.|DEBTORS:|AMOUNTS||FALLING<br>|DUE WITHIN|ONEYEAR|||
||||||||2023|2022|
||||||||I||
||Other debtors||||||240|5 443|





## 

|CREDITORS:<br>AMOUNTS<br>FALLING<br>DUE WITHIN<br>|ONE YEAR||
|---|---|---|
||2023|2022|
|||{:|
|Taxation and social security|442|I ,202|
|Other creditors|37 026|52,890|
||38,468|54,092|



## 

|MOVEMENT<br>IN F|LINDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between||
|||1/10/22|in funds|funds|30/9/23|
|Unrestricted<br>funds||||||
|Restricted investment|fu nd|260,778|55,630|(66,000)|250,408|
|Free investment<br>fund||I ,228,822|I I 1,165|(132,000)|I ,208,087|
|Cyclical maintenance<br>|fund|6,645|(33,258)|28,000|1,387|
|Extraordinary<br>repair|fund|I ,878|(170,128)|170,000|1,750|
|Property maintenance|fund|390|||390|
|||1,49El,513|(36,491)||1,462,022|
|Restricted<br>funds||||||
|Property endowment|fu nd|50,023|||50,023|
|Mortgage redemption|fu nd|30,000|||30,000|
|||80,023|||80,023|
|TOT<br>AL FUNDS||1,578,536|(36,491)||1,542,045|



|||||Incoming|Resources|Gains  and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|Unrestricted||funds||||||
|Restricted<br>|investment||fund|220,231|(178,773)|14,172|55,630|
|Free investment||fund||440,403|(357,543)|28,345|111,265|
|Cyclical maintenance<br>|||fund||(33,258)||(33,258)|
|Extraordinary<br>||repair|fund||(170,128)||(170,128)|
|||||660,694|(739,702)|42,517|(36,491)|
|TOT<br>AL|FUNDS|||660,694|(739,702)|42,517|(36,491)|





## 

## 

|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between||
||||1/10/21|in funds|funds|30/9/22|
|Unrestricted<br>funds|||||||
|Restricted|investment|fund|293,%0|20,385|(52,667)|260,778|
|Free investment<br>fund|||I ,293,383|40,772|(105,333)|I ,228,822|
|Cyclical|maintenance<br>|fund|6, 132|(62,487)|63,000|0,645|
|Extraordinary<br>repair<br>||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<br>|||fund||(62,487)||(62,487)|
|Extraordinary<br>||repair|fund||(94,085)||(94,085)|
|||||649,330|(673,  136)|(71,609)|(95,415)|
|TOTAL<br>|FUNDS|||649,330|(673,  I36)|(71,609)|(95,415)|





## 

||||Net|Transfers|||
|---|---|---|---|---|---|---|
||||movement|between|||
|||1/10/21|in funds|funds||30/9/23|
|Unrestricted<br>funds|||||||
|Restricted investment|fund|293,060|76,015|(118,667)||250,408|
|Free investment<br>fund||1,293,383|152,037|(237,333)|I ,208,087||
|Cyclical maintenance<br>|fund|6, I 32|(95,745)|91,000||I ,387|
|Extraordinary<br>repair|fund|963|(264,213)|265,000||1,750|
|Property maintenance|fund|390||||390|
|||I ,593,928|(131,906)||I ,461,011||
|Restricted<br>funds|||||||
|Property endowment|fund|50,023||||50,023|
|Mortgage redemption|fund|30,000||||30,000|
|||80,023||||80,023|
|TOT<br>AL FuNDS||1,673,951|(131,906)|||I ,542,045|



||||Incoming|Resources|Gains  and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted<br>|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<br>||fund||(95,745)||(95,745)|
|Extraordinary<br>|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<br>AND<br>|ENDOWMENTS|||
|Investment<br>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<br>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<br>incoming|resources|660,694|649,330|
|EXPENDITURE||||
|Other<br>trading<br>|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<br>costs||||
|Governance<br>|costs|||
|Salaries||112, 166|104,000|
|Carried forward||112, 166|104,000|





## 

||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|Governance<br>|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<br>||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<br>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)|