| CC | M | tll |
|---|---|---|
| ca | ||
| 4 |
| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| 8 | |||||
| TURNOVER | 24,333 | 22,488 | |||
| OPERATING COSTS | (25,802) | (23,029) | |||
| Operating deficit |
(1,469) | (541) | |||
| Disposal ofinvestments | 10 | 637 | 1,954 | ||
| Interest receivable | and other income | 10,496 | 8,763 | ||
| SURPLUS ON ORDINARY ACTIVITIES | |||||
| BEFORETAKATION | 9,664 | 10,176 | |||
| Tax on surplus on | ordinary | activities | |||
| SURPLUS FOR | THE YEAR | 9664 | ~101 6 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| g | ||||||||
| Surplus for the year | 9,664 | 10,176 | ||||||
| Unrealised surplus/(deficit) |
on investment | (note 10) | 9,726 | (21,100) | ||||
| Total surplus/(deficit) | recognised | since | last annual | report | 19390 | ~924 | ||
| Note ofHistorical Cost Surpluses | and Deficits | |||||||
| 2023 | 2022 | |||||||
| f. | ||||||||
| Surplus on ordinary activities before |
taxation | 9,664 | 10,176 | |||||
| Realisation ofinvestment | revaluation | gains/(deficit) | in prior years | |||||
| Historical cost surplus | on | ordinary | activities before and after taxation |
| Notes | 2023 | 2022 | ||
|---|---|---|---|---|
| TANGIBLE FIXEDASSETS | ||||
| Housing Properties —cost |
less depreciation | 103,058 | 105,418 | |
| Site Improvements —cost |
less depreciation | 251,322 | 105,378 | |
| Investments | ioa | 48,020 | 43,979 | |
| 402 400 | 254 775 | |||
| CURRENT ASSETS | ||||
| Investments | lob | 235,618 | 224,176 | |
| Debtors | 11 | 3,453 | 3,189 | |
| Cash at bank - Current Account |
24,547 | 40,592 | ||
| -Deposit Accounts | 33210 | 41 476 | ||
| 296,828 | 309,433 | |||
| CREDITORS: Amounts | falling due | |||
| within one year | 12 | 10,073 | 17,593 | |
| NET CURRENT ASSETS | 286,755 | 291,840 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 689 155 | 546615 | ||
| CREDITORS: Amounts | faging due after more | |||
| than one year | 13 | 296,243 | 173,092 | |
| CAPITALANDRESERVES | ||||
| Designated reserves |
15 | 154,829 | 147,559 | |
| Revaluation reserve |
16 | 93,533 | 83,808 | |
| Revenue reserve | 17 | 92,680 | 107,485 | |
| General capital account | 18 | 51,870 | 34,671 | |
| 392,912 | 373,523 | |||
| ~68 155 |
~41 |
| Turnover re |
presents r |
ental income receivable on 8 units ofh | ousing | accom | modation (2022:8uni |
ts) as follows: |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Rents receivable (net |
ofvoid losses) | 20,2.80 | 19,491 | |||
| Amortisation Amortisation |
ofsocial housing grant ofother capital grants |
1,972 2,081 |
1,998 999 |
|||
| 24 333 | 22488 | |||||
| Void losses | included | above, represent aproportion ofthe year when | no rent was being received | from the properly | ||
| due to itbeing empty. | There was no (2022:0)void property | in the | year. | 2023 | 2022 | |
| Voids | ||||||
| EMPLOYEE INFORMATION | ||||||
| The charity | has no employees. | |||||
| The charity | is controlled by trustees who received no remuneration | during | the year (2022: I',nil). | |||
| INTEREST RECEIVABLE AND OTHER INCOME | 2023 | 2022 | ||||
| Investment | income | 8,748 | 8,362 | |||
| Bank interest | 1,748 | 401 | ||||
| 10496 | 8 763 |
| 7. | SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION | SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION | SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION | SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION | SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION | 2023 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| This is stated after charging: | ||||||||
| Examiners' | remuneration: | |||||||
| in their capacity as examiners in respect ofother services |
(net ofVAT) | 2,045 | 1,887 | |||||
| Depreciation | 7,637 | 6,399 | ||||||
| Amortisation | ofother capital grants | (2,081) | (999) | |||||
| Amortisation | ofS.H.G. | ~1972 | ||||||
| TANGIBLE FIXEDASSETS | Freehold | Total | ||||||
| Site | Housing | Fixed | ||||||
| Improvements | Property | Assets | ||||||
| 8 | ||||||||
| COST OR VALUATION | ||||||||
| At 1 January 2023 | 107,275 | 238,846 | 346,121 | |||||
| Additions | 148,011 | 3,210 | 151,221 | |||||
| Disposals | (1,664) | (1,664) | ||||||
| At 31December 2023 | 255 | 286 | 240 392 | 495 678 | ||||
| DEPRECIATION | ||||||||
| At 1 January 2023 | 1,897 | 133,428 | 135,325 | |||||
| Charge for the year | 2,067 | 5,570 | 7,637 | |||||
| Disposals | (1,664) | (1,664) | ||||||
| At 31December 2023 | 3 | 964 | 137334 | 141298 | ||||
| NET BOOK VALUE | ||||||||
| At 31 December 2023 | 103058 | 354380 | ||||||
| At 31December 2022 | 105418 | 2lid | ||||||
| SOCIAL HOUSING | GRANT | 2023 | 2022 | |||||
| 8 | ||||||||
| Total accumulated housing |
grant at 31December 2023 | 144770 | ~145 0 |
|||||
| Recognised in statement ofcomprehensive Held in deferred income |
income | 72,432 72,338 |
70,910 74,310 |
|||||
| 144770 | 145220 | |||||||
| 10. | INVESTMENTS | (b) | ||||||
| Fixed | Current | |||||||
| Asset | Asset | |||||||
| Investments | Investments | Total | ||||||
| Market value at 1 January 2023 | 43,979 | 224,176 | 268,155 | |||||
| Interest reinvested | 5,751 | 5,751 | ||||||
| Net invested | (630) | (630) | ||||||
| Gains/(Losses) | ||||||||
| Unrealised | 4,041 | 5,684 | 9,725 | |||||
| Realised | 637 | 637 | ||||||
| Market value at 31December 2023 | 48 020 | 235 618 | 283 638 | |||||
| Cost at 31December | 2023 | 181 112 | 190105 | |||||
| Cost at 31 December | 2022 | ~15355 | ~14348 | |||||
| Investment at market |
value | comprised | ||||||
| UK Equities UK Unit Trusts |
69,521 166,097 |
69,521 166,097 |
||||||
| COIF | 48,020 | 48,020 | ||||||
| 48 020 | 235 618 | 2 6 8 |
| 11. | DEBTORS | 2023 | 2022 | |
|---|---|---|---|---|
| Arrears ofrent | 964 | 958 | ||
| Prepayments and accrued |
income | 2,489 | 2,231 | |
| 12. | CREDITORS: Amounts | falling due | ||
| within one year | 2023f | 2022f | ||
| Accruals and deferred income | 3,804 | 14,558 | ||
| Social housing grant (note |
14a) | 1,972 | 1,998 | |
| Other capital grants (note | 14b) | 4,297 | 1,037 | |
| 17593 | ||||
| 13. | CREDITORS: Amounts | falling due | ||
| after more than one year | 2023f | 2022 | ||
| Social housing grant (note |
14a) | 70,366 | 72,312 | |
| Other capital grants (note | 14b) | 225,877 | 100,780 | |
| 6243 | 1 30 2 | |||
| 14. | SOCIAL HOUSING AND OTHER CAPITAL GRANTS | |||
| (a) Social Housing Grant |
2023 | 2022f | ||
| Grant | ||||
| At 1 January 2023 | 145,220 | 145,950 | ||
| Disposals | (450) | (730) | ||
| At 31December 2023 | 144740 | 145220 | ||
| Amortisation | ||||
| At 1 January 2023 | 70,910 | 69,642 | ||
| Released in year | 1,972 | 1,998 | ||
| Disposals | (450) | (730) | ||
| At 31December 2023 | 72 432 | 70910 | ||
| Net total at 31December 2023 | 12338 | 74310 | ||
| Net total at 31December 2022 | ~4310 | 63 8 | ||
| 2023 | 2022 | |||
| Amounts to be released within one year |
1,972 | 1,998 | ||
| Amounts to be released in |
more than one year | 70,366 | 72,312 | |
| 338 | ~4310 |
| SOCIAL HOUSING AND OTHER CAPITAL GRANTS (cont | inued) | ||
|---|---|---|---|
| (b) Other Capital Grants |
2023 | 2022 | |
| Grant | |||
| At I January 2023 | 103,671 | 85,531 | |
| Additions | 130,438 | 18,140 | |
| At 31December 2023 | 234 109 | 103671 | |
| Amortisation | |||
| At 1 January 2023 | 1,854 | 855 | |
| Released in year | 2,081 | 999 | |
| At 31December 2023 | ~335 | 1 854 | |
| Net total at 31 December 2023 | 230 174 | 101817 | |
| Net total at 31December 2022 | |||
| 2023 | 2022 | ||
| Amounts to be released within one year |
4,297 | 1,037 | |
| Amounts to be released in more than one year |
225,877 | 100,780 | |
| 230 174 | 101817 | ||
| DESIGNATED RESERVES | |||
| Reserve for Cyclical Maintenance | 2023 | 2022 | |
| At 1 January 2023 | 39,000 | 38,000 | |
| Transfer &om revenue reserve | 1,000 | 1,000 | |
| Spend | |||
| At 31December 2023 | 40 000 | ~00 | |
| Reserve for Extraordinary Repairs |
2023 | 2022 | |
| At 1 January 2023 | 108,559 | 102,298 | |
| Income | 5,750 | 5,741 | |
| Transfer I'rom revenue reserve | 520 | 520 | |
| At 31December 2023 | ~114 29 | ||
| Total designated reserves at 31December 2023 |
154829 | ~14 | 55 |
| REVALUATION | RESER | VE | 2023 | 2022 |
|---|---|---|---|---|
| At 1January 2023 | 83,808 | 104,907 | ||
| Revaluation during |
the year | (note 10) | 9,725 | (21,099) |
| Transfer (from)/to | designated | reserves | ||
| At 31 December 2023 | 93533 | 83 808 |
| 17. | REVENUE RESERVE | 2023 | 2022 | |
| At 1 January 2023 Surplus for the year Transfer (from)/to designated reserves At 31December 2023 |
107,485 7,498 ~22 303 92 680 |
109,248 4,434 ~6197 ~085 |
||
| 18. | GENERAL CAPITAL ACCOUNT | 2023 | 2022 | |
| At 1 January 2023 Deficit for the year Almshouses contribution to restoration Transfer from revenue reserve |
work | 34,671 (21,157) 17,573 20783 |
29,995 (2,407) 2,407 4 676 |
|
| At 31 December 2023 | 51870 | 34641 |