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|CC|M|tll|
|---|---|---|
|ca|||
|4|||
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||||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|
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##
|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|
##
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##
||||||
|---|---|---|---|---|
|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|
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