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2022-03-31-accounts

Pacae
Reference and Administrative Details
Trustees' Report 2-6
Reporting Accountants' Report
Profit and Loss Account
Statement ofChanges in Reserves
Balance Sheet 10
Statement ofCash Flows
Notes to the Financial Statements 12-20

Notes 2022f 2021
Turnover 56,931 58,633
Operating expenditure (30,427) (42,085)
Operating surplus 26,504 16,548
Interest receivable
and other similar income 2,426 2,461
Movement in fair value
offinancial instruments 10,509 27,893
Surplus before tax 39,439 46,902
Taxation
Surplus for the year 39,439 46,902
Total comprehensive income for the year 39,439 46,902
Income
and
expen- Reval- Endow-
diture uation ment Total
reserve reserve reserve reserves
f
Balance at 1 April 2021 423,990 123,737 205,216 752,943
Surplus from statement of
comprehensive
income		 39,439 39,439
Transfer from income and expenditure
reserve to revaluation reserve (10,509) 10,509
Balance as at 31 March 2022 452,920 134,246 205,216 792,382
Income
and
expen- Reval- Endow-
diture uation ment Total
reserve reserve reserve reserves
Balance at 1 April 2020 404,981 95,844 205,216 706,041
Surplus
from statement		 of
comprehensive
income		 46,902 46,902
Transfer from income and expenditure
reserve to revaluation reserve (27,893) 27,893
Balance as at 31 March 2021 423,990 123,737 205,216 752,943
Notes 2022 2021
Fixed assets
Tangible
fixed assets		 128,899 128,899
Investments 150,013 139,504
278,912 268,403
Current assets
Debtors 10 69 2
Cash and cash equivalents 11 516,030 485,885
516,099 485,887
Creditors
Amounts
falling due within		 one year 12 (2,629) (1,347)
Net current assets 513,470 484,540
Total assets less current liabilities 792,382 752,943
Total net assets 792,382 752,943
Reserves
Income and expenditure reserve 452,920 423,990
Revaluation
reserve		 134,246 123,737
Endowment
reserve		 205,216 205,216
Total reserves 16 792,382 752,943
2022 2021
Net cash generated
from operating		 activities (see below) 27,719 14,445
Cash flow from investing
activities
Interest and similar income received 2,426 2,461
Cash flow from financing
activities
Net change
in cash and cash equivalents		 30,145 16,906
Cash and cash equivalents
at beginning		 ofthe year 485,885 468,969
Cash and cash equivalents
at end		 ofthe year 516,030 485,885
Net cash generated
from operating		 activities (see above)
Cash flow from operating
activities
Surplus
for the year		 39,439 46,902
Adjustments
for non-cash
items:
Decrease/(increase)
in fair value of		 investments (10,509) (27,893)
Decrease/(increase)
in debtors		 (67) 344
(Decrease)/increase
in creditors		 1,282 (2,437)
Adjustments
for investing
or financing		 activities:
interest and similar income received (2,426) (2,461)
Net cash generated
from operating		 activities 27,719 14,455

Social housing turn ove r
2022 2021
f.
Rent receivable 56,931 58,633
Accommodation owned and in management:
2022 2021
No. No.
Almshouses
brought		 forward and carried forward 11 11
Garages brought forward and carried forward 12 12

3 Operating
expend		 itu re
2022 2021
Property
management		 charges 2,730 5,100
Property
routine maintenance		 18,013 26,072
Property
planned		 maintenance
Rates and water 854 1,978
Light, heat and power 331 231
Telephone 84 223
Insurance 2,526 1,876
Marketing 132 132
Bank Charges 84 80
Accountancy
fees		 1,410 1,218
Professional fees 4,000 4,000
Sundries 263 1,175
30,427 42,085
4 Interest receivable and other similar income
2022 2021
Interest 148 228
Dividends 2,278 2,233
2,426 2,461
5 Surplus for the year
This is stated after charging:
2022 2021
Reporting
accountants'		 remuneration
Reporting
accountant		 services 353 305
Accountancy
services		 1,057 913

Tangible fixed assets
Freehold
land and
buildings Total
Cost
As at 01.04.21 128,899 128,899
As at 31.03.22 128,899 128,899
Depreciation
As at 01.04.21
As at 31.03.22
Net book value
As at 31.03.21 128,899 128,899
As at 31.03.22 128,899 128,899
9 Investments Investments
COIF
Charities
Investment
Fund
f.		 Totalf
Valuation
As at 01.04.21 139,504 139,504
Additions in year at cost
Fair value adjustment 10,509 27,893
As at 31.03.22 150,013 139,504
Cost
As at 01.04.21 15,767 15,767
Additions
As at 31.03.22 15,767 15,767
10 Debtors
2022 2021
Trade debtors 69
Prepayments
69
11 Cash and cash equivalents
2022 2021
Cash at bank - current accounts 325,495 295,350
COIF Charities Deposit Fund 190,535 190,535
516,030 485,885
12 Creditors: Amounts falling due within one year
2022f 2021
Accruals 2,629 1,347
2,629 1,347

Statement
offunds
Gains
Balance Expen- and Balance
01.04.21 Incomef diture Transfers
f		 Losses
E		 31.03.22
E
Designated
funds
Extraordinary
Repair Fund (ERF)		 1,800 1,800
ERF fair value reserve 59,523 5,627 65,150
61,323 61,323
General funds
General
unrestricted		 funds 422,190 59,357 (30,427) 451,120
Fair value reserve 64,214 4,882 69,096
Total unrestricted funds 486,404 59,357 (30,427) 10,509 525,843
Endowment
funds
Permanent
endowments		 205,216 205,216
Total charity funds 752,943 59,357 (30,427) 10,509 792,382
Gains
Balance Expen- and Balance
01.04.20 Income diture Transfers Losses 31.03.21
Designated
funds
Extraordinary
Repair		 Fund (ERF) 1,800 1,800
ERF fair value reserve 46,464 13,081 59,523
48,242 13,081 61,323
General funds
General
unrestricted		 funds 403,181 61,094 (42,085) 422,190
Fair value reserve 49,402 14,812 64,214
Total unrestricted funds 500,825 61,094 (42,085) 27,893 486,404
Endowment
funds
Permanent
endowments		 205,216 205,216
Total charity funds 706,041 61,094 (42,085) 27,893 752,943

Analysis of n et ass ets between funds
Unrest- Endow- Total Unrest- Endow- Total
ricted ment Funds ricted ment Funds
Funds Funds 2022 Funds Funds 2021
Tangible fixed assets 128,899 128,899 128,899 128,899
investments 150,013 150,013 139,504 139,504
Current assets 439,782 76,317 516,099 409,570 76,317 485,887
Creditors due within one year (2,629) (2,629) (1,347) (1,347)
587,166 205,216 792,382 547,727 205,216 752,943

2022 2021
Financial assets that are debt instruments measured at amortised cost 516,030 485,887
Financial assets measured at fair value through profit and loss account 150,013 139,504
666,043 625,391
Financial liabilities measured at amortised cost 2,629 1,347