2022-12-31-accounts

finance c	osts.
				2022	2021
Headline	social housing costper unit				996
Cost per unit has increased by 53%due to an increase			in day to day repairs of129%.
				2022	2021
Operating	Margin	%		(21+0	~0
				2022	2021
				8
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		Notes	2022	2021
TURNOVER			22,488	21,728
OPERATING COSTS			(23,029)	(21,533)
Operating (deficit)/surplus			(541)	195
Disposal ofinvestments		10	1,954	1,786
Interest receivable and other income			8,763	7,079
SURPLUS ON ORDINARY ACTIVITIES
BEFORETAXATION			10,176	9,060
Tax on surplus on ordhary	activities
SURPLUS FORTHE YEAR

					2022	2021
Surplus for the year					10,176	9,060
Unrealised surplus/(deficit)	on investment (note 10)				(21,100)	21,776
Total surplus/(deficit) recognised			since last annual	report
Note ofHistorical Cost Surpluses			and Deficits
					2022	2021
Surplus on ordinary activities before			taxation		10,176	9,060
Realisation ofinvestment	revaluation		gains/(deficit)	in prior years
Historical cost surplus on	ordinary	activities before and after taxation

	Notes		2022	2021
TANGIBLE FIKEDASSETS
Housing Properties —cost less depreciation			105,418	105,117
Site Improvements —cost less depreciation			105,379	85,861
Investtnents	ioa		43,979	49,766
			254 776	240 744
CURRENT ASSETS
Investments	lob		224,176	229,113
Debtors	11		3,189	10,701
Cash at bank -Current	Account		40,592	30,466
-Deposit	Accounts		41475	41 075
			309,432	311,355
CREDITORS: Amounts	falling due
within one year	12		17,593	9,972
NET CURRENT ASSETS			291,839	301,383
TOTAL ASSETSLESSCURRENT LIABILITIES			~4
CREDITORS: Antounts	falling due after more
than one year	13		173,092	157,680
CAPITAL AND RESERVES
Designated reserves	15	55,600		54,080
Revaluation reserve	16	83,807		104,907
Revenue reserve	17	215,989		209,741
General capital account	19	18,127		15,719
Restoration work fund	18
			373,523	384,447
			~41	~4

	SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION	SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION	SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION			2022		2021
								8
	This is stated after charging:
	Examiners' remuneration:
	in their capacity as examiners		(net ofVAT)			1,887		1,733
	in respect ofother services
	Depreciation					6,399		7,574
	Amortisation ofother capital grants					(999)		(855)
	Amortisation ofS.H.G.
	TANGIBLE FIXEDASSETS					Freehold		Total
					Site	Housing		Fixed
			Improvements			Property		Assets
					g		g
	COST OR VALUATION
	At 1 January 2022 Addinons		86,728 20,547			235,147 5,671		321,875 26,218
	Disposals					(1,972)		(1,972)
	At 31December 2022		107		275	238846		346 121
	DEPRECIATION
	At 1 January 2022 Charge for the year Disposals			867 1,029		130,030 5,370 (1,972)		130,897 6,399 (1,972)
	At 31December 2022			1	896	133428		135324
	NET BOOK VALUE
	At 31December 2022
	At 31December 2021
	SOCIAL HOUSING GRANT					2022		2021
	Total accumulated housing grant at 31December 2022
	Recognised in statement ofcomprehensive Held in deferred income	income				70,910 74,310		69,642 76,308
1b.	INVESTMENTS		(a) Fixed			(b) Current
			Asset			Asset
			Investments			Investments		Total
						g
	Market value at 1 January 2022		49,766			229,113		278,879
	Interest reinvested					5,741		5,741
	Net invested					2,681		2,681
	Gains/(Losses)
	Unrealised Realised		(5,787)			(15,313) 1,954		(21,100) 1,954
	Market value at 31December 2022		43979			224 176		268 155
	Cost at 31December 2022					~1		~44
	Cost at 31December 2021					~4
	Investment at market value comprised
	UK Equities UK Unit Trusts					68,301 155,875		68,301 155,875
	COIF		43,979					43,979
						~24

11.	DEBTORS		2022	2021
	Arrears ofrent Prepayments and accrued	income	958 2,231	909 9,792
12.	CREDITORS: Amounts within one year	falling due	2022	2021
	Accruals and deferred income		14,558	6,668
	Social housing grant (note Other capital grants (note	14a) 14b)	1,998 1,037	2,449 855
13.	CREDITORS: Amounts after more than one year	faUing due	2022 f.	2021 8
	Social housing grant (note Other capital grants (note	14a) 14b)	72,312 100,780	73,859 83,821
14.	SOCIAL HOUSING AND OTHER CAPITAL GRANTS (a) Social Housing Grant		2022	2021
	Grant At 1 January 2022 Disposals		145,950 (730)	145,950
	At 31 December 2022		~22
	Amortisation
	At 1 January 2022 Released in year Disposals		69,642 1,998 (730)	67,194 2,448
	At 31December 2022
	Net total at 31December 2022
	Net total at 31December 2021
			2022	2021
	Amounts to be released within one year Amounts to be released in more than one year		1,998 72,312	2,449 73,859
			2441}

14.	SOCIAL HOUSING AND OTHER CAPITAL GRANTS (conti	nued)
	(b) Other Capital Grants	2022	2021
	Grant
	At 1 January 2022 Additions	85,531 18,140	85,531
	At 31December 2022
	Amortisation
	At 1 January 2022 Released in year	855 999	855
	At 31 December 2022
	Net total at 31December 2022
	Net total at 31December 2021
		2022	2021
	Amounts to be released within one year	1,037	855
	Amounts to be released in more than one year	100,780	83,821
15.	DESIGNATED RESERVES
	Reserve for Cyclical Maintenance	2022	2021
	At 1 January 2022	15,130	14,610
	Transfer &om revenue reserve	520	520
	Spend
	At 31December 2022
	Reserve for Extraordinary Repairs	2022	2021
		f.
	At 1 January 2022	38,950	37,950
	Transfer &om revenue reserve	1,000	1,000
	At 31December 2022
	Total designated reserves at 31December 2022

REVALUATION RESERVE	REVALUATION RESERVE	2022	2021
At 1 January 2022 Revaluation during the year	(note 10)	104,907 (21,100)	83,131 21,776
Transfer (&om)/to designated	reserves
At 31December 2022

17.	REVENUE RESERVE								2022		2021
									8
	At 1 January 2022 Surplus for the year Transfer (1'rom)/to designated		reserves					209,741 10,175 ~3927		203,398 9,060 ~2717
	At 31December 2022
18.	RESTORATION WORK FUND								2022		2021
									8
	At 1 January 2022										5,000
	Deficit for the year Transfer fi'om/(to) revenue reserves								(2,408) 2408	(6,197) 1197
	At 31December 2022
	Restoration works relate	to	restoring	the walls	and	railings	around	the Almshouses.	The work	was	fully
	completed by 31December 2022.
19.	GENERAL CAPITAL ACCOUNT								2022		2021
	At 1 January 2022 Ahnshouses contribution	to restoration		work					15,719 2,408	14,522 1,197
	At 31December 2022