## **YORKSHIRE LADIES COUNCIL**
**(HOSTELS) LIMITED**
## **DIRECTORS’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] AUGUST 2022**
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED CONTENTS**
|Company information|1|
|---|---|
|Directors’ report|2-3|
|Reporting accountant’s report|4|
|Statement of comprehensive income|5|
|Balance sheet|6-7|
|Statement of change in reserves|8|
|Statement of cash flows|9|
|Notes to the cash flow statement|10|
|Notes to the financial statements|11-17|
|_The following pages do not form part of the statutory accounts_||
|Detailed income and expenditure account|18-20|
Page 1
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|Directors||
|---|---|
||Mrs K M Hart|
||Mrs P C Hollis|
||Mrs S M Clarke|
||Mrs M Bradbury|
||Mrs G Roche|
||Mrs C Naylor|
||Mrs J Spencer|
||Mrs M J Pullan|
||Mrs S Shippey|
||Mrs V Saunders|
|Secretary
|Ms K Taylor|
|Company number|00547893 (England & Wales)|
|Charity Commission||
|Registered number|223653|
|Homes and Communities||
|Agency Registered number|LH 1020|
|Registered Office|Forest Hill|
||11 Park Crescent|
||Leeds|
||LS8 1DH|
|Reporting Accountant|Thomas Coombs Limited|
||Chartered Accountants|
||3365 The Pentagon|
||Century Way|
||Thorpe Park|
||Leeds|
||LS15 8ZB|
Page 2
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED DIRECTORS REPORT FOR THE YEAR ENDED 31[ST] AUGUST 2022**
The directors present their report and the financial statements for the year ended 31[st] August 2022.
## **PRINCIPAL ACTIVITY**
The company’s principal activity continues to be a non-profit making charity, providing accommodation for elderly people.
## **PUBLIC BENEFIT**
In setting and reviewing our aims the Board has given careful consideration to the Charity Commission’s guidance on public benefit.
## **DIRECTORS**
The directors who served during the year were:-
Mrs K M Hart Mrs P C Hollis Mrs S M Clarke Mrs M Bradbury Mrs G Roche Mrs C Naylor Mrs J Spencer Mrs M J Pullan Mrs S Shippey Mrs V Saunders Mrs G Owen (Deceased 11 February 2022)
Page 3
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED DIRECTORS REPORT FOR THE YEAR ENDED 31[ST] AUGUST 2022 (continued)**
## **SMALL COMPANY RULES**
These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
This report was approved by the board on 13[th] October 2022 and signed on its behalf by:
Mrs S M Clarke
Company number 00547893 (England & Wales)
Page 4
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED**
## **ACCOUNTANTS’ REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED**
We report on the accounts of Yorkshire Ladies Council (Hostels) Limited for the year ended 31[st] August 2022 which are set out on pages 5 to 17.
## **Respective responsibilities of the Board of Directors and Reporting Accountants**
The Board of the Yorkshire Ladies Council (Hostels) Limited is responsible for the preparation of the accounts, and they consider that the Yorkshire Ladies Council (Hostels) Limited is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.
## **Basis of opinion**
Our procedures consisted of comparing the accounts with the accounting records kept by the Yorkshire Ladies Council (Hostels) Limited, as Registered Social Housing Provider, and making such enquiries of the officers of the Yorkshire Ladies council (Hostels) Limited as we considered necessary for the purposes of this report. These procedures provide the only assurance expressed in our opinion.
## **Opinion**
In our opinion:
- the accounts for year ended 31[st] August 2022 are in accordance with the accounting records kept by the Registered Social Housing Provider under paragraph 135(2) of the Housing and Regeneration Act 2008;
- having regard only to, and on the basis of the information contained in the accounting records:
- the accounts comply with the requirements of the Charities Act 2011;
- the Registered Social Housing Provider has satisfied the conditions for exemption from an audit of the accounts for the year ended 31[st] August 2022 specified in section 136(3) of the Housing and Regeneration Act 2008;
- the accounts comply with the requirements of the Housing and Regeneration Act 2008 and the Accounting Direction for private registered providers of social housing in England 2015.
## **Thomas Coombs Limited -** Chartered Accountants
Reporting Accountants 3365 The Pentagon Century Way Thorpe Park Leeds LS15 8ZB
13[th] October 2022
Page 5
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|||**Notes**|**2022**|_2021_|
|---|---|---|---|---|
||||**£**|_£_|
|**Turnover**|||**217,815**|_208,993_|
|Less: Operating costs|||**(273,354)**|_(199,310)_|
||||**_________**|___________|
|Operating (deficit)/surplus||2|**(55,539)**|_9,683_|
|Interest receivable and other income||4|**8,444**|_6,778_|
||||**_________**|___________|
|**(Deficit)/surplus on ordinary activities before**||5|**(47,095)**|_16,461_|
|**taxation**|||||
|Tax on (deficit)/surplus on ordinary activities||6|**-**|_-_|
|Unrealised
and
realised
gains/(losses)|on|8|**(23,980)**|_51,659_|
|investments|||**_________**|___________|
||||**(71,075)**|_68,120_|
|Revenue reserve brought forward|||**664,527**|_596,407_|
||||**_________**|___________|
|Revenue reserve carried forward|||**593,452**|_664,527_|
The above results relate wholly to continuing activities
The notes on pages 11 to 17 form part of these financial statements.
Page 6
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED BALANCE SHEET AS AT 31[ST] AUGUST 2022**
|**2022**
Notes
**£**
**TANGIBLE FIXED ASSETS**
Housing properties
**575,808**
Depreciation of housing properties
**(286,380)**
**________**
Other fixed assets
7
**FIXED ASSET INVESTMENTS**
Investments
8
**CURRENT ASSETS**
Stock
**800**
Debtors
9
**3,088**
Cash at bank and in hand
**77,654**
**_______**
**81,542**
**CREDITORS:**
Amounts falling due within one year
10
**(12,255)**
**_______**
**NET CURRENT ASSETS**
**CREDITORS:**
Amounts falling due after more than one year
11
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
Capital up share capital
12
Revenue reserves
– represented by tangible fixed assets
(and deferred income)
– represented by other assets (free reserves)|**2022**
Notes
**£**
**TANGIBLE FIXED ASSETS**
Housing properties
**575,808**
Depreciation of housing properties
**(286,380)**
**________**
Other fixed assets
7
**FIXED ASSET INVESTMENTS**
Investments
8
**CURRENT ASSETS**
Stock
**800**
Debtors
9
**3,088**
Cash at bank and in hand
**77,654**
**_______**
**81,542**
**CREDITORS:**
Amounts falling due within one year
10
**(12,255)**
**_______**
**NET CURRENT ASSETS**
**CREDITORS:**
Amounts falling due after more than one year
11
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
Capital up share capital
12
Revenue reserves
– represented by tangible fixed assets
(and deferred income)
– represented by other assets (free reserves)|_2021_
**£**
_£_
_575,808_
_(269,821)_
__________
**289,428**
**2,771**
**________**
**292,199**
**336,940**
**________**
**629,139**
_750_
_4,011_
_119,382_
_________
_124,143_
_(17,602)_
_________
**69,287**
**(104,901)**
**________**
**593,525**
**73**
**182,423**
**411,029**
**_____ __**
**593,525**|_2021_
**£**
_£_
_575,808_
_(269,821)_
__________
**289,428**
**2,771**
**________**
**292,199**
**336,940**
**________**
**629,139**
_750_
_4,011_
_119,382_
_________
_124,143_
_(17,602)_
_________
**69,287**
**(104,901)**
**________**
**593,525**
**73**
**182,423**
**411,029**
**_____ __**
**593,525**|_£_
_305,987_
_6,237_
__________
_312,224_
_355,611_
__________
_667,835_
_106,541_
_(109,776)_
__________
_664,600_
_73_
_197,573_
_466,954_
______ ___
_664,600_|
|---|---|---|---|---|
||||||
The notes on pages 11 to 17 form part of these financial statements.
Page 7
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED BALANCE SHEET (Continued) AS AT 31[ST] AUGUST 2022**
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provision of s.477(1), of the Companies Act 2006. Members have not required the company under s.476 of the Companies Act 2006 to obtain an audit for the year ended 31[st] August 2022.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s.386 and s.387 of the Companies Act 2006, and for preparing accounts which give a true and fair view of the state of affairs of the company as at 31[st] August 2022 and of its profits for the year ended in accordance with the requirements of s.396 and which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the company.
These financial statements were approved by the directors and authorised for issue by the Board on 13[th] October 2022
On behalf of the Board
Mrs K Hart Mrs S M Clarke Director Director
Company Number 00547893
The notes on pages 11 to 17 form part of these financial statements.
Page 8
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED STATEMENT OF CHANGE IN RESERVES AS AT 31[ST] AUGUST 2022**
|**At 31st August**
**2020**
Surplus/(Deficit)
for the year
Share capital
issued
Dividends
**At** **31st August**
**2021**
Surplus/(Deficit)
for the year
**Total**
**comprehensive**
**income**
Share capital
issued
Dividends
**At** **31st August**
**2022**|**Called-up**
**share**
**capital**
**£**
73
-
73
-
-
73
-
73
-
-
73|**Income and**
**expenditure**
**reserve**
**£**
596,407
68,120
664,527
-
-
664,527
(71,075)
593,452
-
-
593,452|**Designated**
**reserve**
**£**
-
-
-
-
-
-
-
-
-
-
-|**Total**
**£**
596,480
68,120|
|---|---|---|---|---|
|||||664,600
-
-|
|||||664,600|
|||||(70,461)|
|||||593,525
-
-|
|||||593,525|
The notes on pages 11 to 17 form part of these financial statements.
Page 9
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED STATEMENT OF CASH FLOWS AS AT 31[ST] AUGUST 2022**
|Note
**Cash (outflow) from operating activities**
1
**Net cash (outflow) from operating activities**
**Cash inflow (outflow) from investing activities**
Payments to acquire tangible fixed assets
Payments to acquire investments
Receipts from sales of investments
Interest received and other income
Dividends received
**Net cash inflow (outflow) from investing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the reporting period**
**Cash and cash equivalents at the end of the reporting period**|**2022**
**£**
**(44,863)**
**(44,863)**
**-**
**(30,474)**
**25,165**
**1,083**
**7,361**
**3,135**
**(41,728)**
**119,382**
**77,654**|_2021_
_£_
_29,141_|
|---|---|---|
|||_29,141_|
|||_-_
_(34,165)_
_28,885_
_180_
_6,348_|
|||_1,248_|
|||_30,389_
_88,993_|
|||_119,382_|
Page 10
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE CASH FLOW STATEMENT AS AT 31[ST] AUGUST 2022**
## **1. Reconciliation of operating surplus to cash (outflow) from operating activities**
|**Surplus/(deficit) for the year**
Depreciation and impairment of tangible fixed assets
Investment income
(Gains)/Loss on investments
(Increase) / decrease in trade and other debtors
Increase / (decrease) in trade and other creditors
(Increase) / decrease in stock
**Net cash (outflow) from operating activities**|**2022**
**£**
**(71,075)**
**20,025**
**(8,444)**
**23,980**
**923**
**(10,222)**
**(50)**
**(44,863)**|_2021_
_£_
_68,120_
_20,448_
_(6,528)_
_(51,659)_
_(1,046)_
_(194)_
_-_|
|---|---|---|
|||_29,141_|
The notes on pages 11 to 17 form part of these financial statements.
Page 11
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] AUGUST 2022**
## **1 Accounting policies**
The company is incorporated under the Companies Act 2006 and is a registered Charity under the Charities Act 2011 and a registered provider of Social Housing. The company is limited by shares incorporated in England & Wales within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
## **(a) Accounting basis**
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 _The Financial Reporting Standard Applicable in the UK and Republic of Ireland_ (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2014, and with the Accounting Direction for private registered providers of social housing in England 2015. The financial statements are also prepared under the requirements of the Housing and Regeneration Act 2008 and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the RP, and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **(b) Turnover**
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows:
Turnover represents rental and service charges income receivable in the year, net of rent and service charges and losses from voids, together with sundry rental income and charges.
## **(c) Income from investments**
With the exception of bank interest this is credited in the accounts as received.
## **(d) Fixed assets and depreciation**
Tangible fixed assets, except freehold land, are stated at cost, less accumulated depreciation. Depreciation is charged on a straight line basis over the expected economic useful lives of the assets at the following annual rates:
|Housing properties|2% - 5%|
|---|---|
|Property and office furniture and equipment|10% - 20%|
The useful economic lives of all tangible fixed assets are reviewed annually.
## **(e) Housing properties**
Tangible fixed assets (including social housing properties) are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended such as the cost of acquiring land and buildings, developments costs, interest charges on loans during the development period and expenditure on improvements. Expenditure on improvements will only be capitalised when it results in incremental future benefits such as increasing rental income, reducing maintenance costs or resulting in a significant extension of the useful economic life of the property.
Page 12
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
## **(f) Works to existing housing properties**
Works are charged to the income and expenditure account unless they result in an enhancement of the economic benefits of the property in excess of the previously assessed standard of performance. This is measured by an increase in the net rental income, including a reduction in maintenance costs or result in a significant extension of the useful economic life of the property.
## **(g) Social housing grant**
The grant is held as deferred income within creditors and released over the estimated useful life of the assets to which it relates. SHG received for items of cost written off in the Income and Expenditure account is matched against those costs as part of turnover. SHG can be recycled by the RSL under certain conditions if a property is sold, or if another relevant event takes place. In these cases the SHG can be used for projects approved by the Homes and Communities Agency. However SHG may have to be repaid if certain conditions are not met. In certain circumstances, SHG may be repayable, and, in that event is a subordinated unsecured repayable debt.
## **(h) Investments**
Current and fixed asset investments are included at market value. All losses and gains are taken direct to the income and expenditure account (adjusted for other recognised gains and losses) as they arise.
Realised gains and losses on investments are calculated as the difference between sales proceeds and the opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or purchase date if later).
## **(i) Value Added Tax (VAT)**
Irrecoverable VAT which can be attributed to a capital item or revenue expenditure is added to the cost of the capital item or expenses where practicable and material.
## **(j) Pension costs**
The company contributes to defined contribution pension schemes including the National Employment Savings Trust (NEST) scheme. Contributions payable to the schemes are charged to the income and expenditure account in the period to which they relate.
## **(k) Judgements in applying accounting policies and key sources of estimation uncertainty**
No significant judgements have been made in applying the accounting policies adopted.
## **(l) Stocks**
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.
## **(m) Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.
Page 13
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
## **2. Operating (deficit)/surplus**
|**Operating (deficit)/surplus**|||||
|---|---|---|---|---|
||**2022**||_2021_||
||**£**|**£**|_£_|_£_|
|**General needs housing**|||||
|Rent receivable net of identifiable service|**133,797**||_129,121_||
|charges|||||
|Service charge income|**83,529**||_80,350_||
|Other support services|**11,728**||_13,642_||
|(including lunches and dinners)|||||
||**_______**||_________||
|**Gross rent receivable**|**229,054**||_223,095_||
|Less voids|**(12,161)**|**216,893**|_(14,247)_|_208,848_|
||**______**||_________||
|**Other rental income**|||||
|Guest room|**798**||_70_||
|Yorkshire Ladies office|**60**||_60_||
|Wayleave|**5**||_5_||
|Sundry income|**59**|**922**
|_10_|_145_|
||**________**|**_______**|__________|_________|
|**Turnover – lettings**||**217,815**||_208,993_|
|||**_______**||_________|
|**Operating costs – lettings**|||||
|Management|**63,624**||_63,114_||
|Service charge costs (including food)|**89,763**||_94,322_||
|Routine and planned maintenance|**108,283**||_30,190_||
|Depreciation of freehold property|**16,559**||_16,559_||
|Release of social housing grant for property|**(4,875)**||_(4,875)_||
||**_______**||_________||
|||**(273,354)**||_(199,310)_|
|||**_________**||___________|
|**Operating surplus/(deficit) – lettings**||**(55,539)**||_9,683_|
Page 14
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
## **3. Employee information**
|Total average weekly number of persons
employed during the year was:-
Office staff
Supervisor & household staff
Staff costs (for the above persons)
Wages and salaries
Social security costs
Pension costs|**2022**
**£**
**2**
**3**
**________**
**5**
**2022**
**£**
**68,764**
**-**
**3,702**
**________**
**72,466**|_2021_
_£_
_2_
_3_
__________
_5_|
|---|---|---|
|||_2021_
_£_
_74,263_
_-_
_3,532_
__________
_77,795_|
The key management personnel are considered to be the board of directors. No remuneration was received by the directors in either the current or previous year.
No employee earned more than £60,000 in either the current or previous year.
|**4. Interest receivable and similar income**
Interest receivable
Donations, fund raising events and Trust income
Dividends received
**5. Surplus/(Deficit) on ordinary activities before taxation**
Surplus/(Deficit) on ordinary activities before taxation is stated after charging:-
Depreciation of tangible owned fixed assets|**2022**
**£**
**814**
**269**
**7,361**
**________**
**8,444**
**2022**
**£**
**20,025**|_2021_
_£_
_180_
_250_
_6,348_
__________
_6,778_|
|---|---|---|
|||_2021_
_£_
_20,448_|
## **6. Taxation**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Page 15
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
## **7. Tangible fixed assets**
|**7. Tangible fixed assets**||||
|---|---|---|---|
|**Cost**
1stSeptember 2021
Additions
Disposals
**31st August 2022**
**Depreciation**
1stSeptember 2021
Charge for the year
Elimination on disposals
**31st August 2022**
**Net book value**
**31st August 2022**
_31st August 2021_|**Housing**
**Land and**
**Buildings**
**For Letting**
**£**
575,808
-
-
_________
**575,808**
**_________**
269,821
16,559
-
_**_**_______
**286,380**
**_________**
**289,428**
_305,987_|**Fixtures**
**and**
**Fittings**
**£**
115,453
-
-
________
**115,453**
**________**
109,216
3,466
-
________
**112,682**
**________**
**2,771**
_6,237_|**Total**
**£**
691,261
-
-
_________
**691,261**
**_________**
379,037
20,025
-
_________
**399,062**
**_________**
**292,199**|
||||_312,224_|
The cost of the freehold land has been estimated at £500.
Page 16
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|**8. Investments: long term**|**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|**Quoted investments:**|||
|Market value at 1stSeptember 2021|**355,611**|_298,673_|
|Additions|**35,095**|_28,053_|
|Disposals|**(26,640)**|_(25,513)_|
|Net unrealised gains (losses)|**(22,505)**|_48,287_|
|Movement in cash at bank awaiting re-investment|**(4,621)**|_6,111_|
|(2022 : £20,515 2021 : £25,136)|||
||**________**|__________|
|Market value at 31stAugust 2022|**336,940**|_355,611_|
The investments are held in a portfolio consisting of 30 individual holdings together with cash awaiting reinvestment.
The investments representing more than 5% of the portfolio value are Old Mutual UK Alpha U1 Inc. Nav, Artemis Fund Managers Income Institutional, Brown Advisory Funds North American, Findlay Park Funds American Sterling and J P Morgan US Equity.
|**9. Debtors**
Rental debtors
Prepayments
Other debtors
There were no rent losses in the current or previous years.
**10. Creditors – amounts falling due within one year**
Accruals
Other creditors
Deferred income
**11. Creditors – amounts falling due after more than one year**
Deferred income|**2022**
**£**
**33**
**2,915**
**140**
**________**
**3,088**
**2022**
**£**
**5,747**
**1,633**
**4,875**
**________**
**12,255**
**2022**
**£**
**104,901**|_2021_
_£_
_116_
_2,913_
_982_
__________
_4,011_|
|---|---|---|
|||_2021_
_£_
_12,722_
_5_
_4,875_
__________
_17,602_|
|||_2021_
_£_
_109,776_|
Page 17
**YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|**12. Share capital**
Authorised ordinary shares of £1 each
Allotted, issued and fully paid ordinary shares of £1 each|**2022**
**£**
**100**
**£**
**73**|_2021_
_£_
_100_|
|---|---|---|
|||_£_
_73_|
The shares provide members with the right to vote at General Meetings but do not carry any rights to a dividend or to distribution on a winding up.
## **13. Future major projects**
The directors anticipate the need for the following funds for future major projects with replacement cycles between ten and fifty years. The directors have ear-marked an element of the revenue reserves to cover these amounts.
||**Future major works**|**Future major works**|
|---|---|---|
||**2022**|_2021_|
||**£**|_£_|
|Balance brought forward|**155,075**|_150,850_|
|Additional provision required|**4,225**|_4,225_|
|Relating to projects completed in the year|**(48,800)**|_-_|
||**___________**|_____________|
|Balance carried forward|**110,500**|_155,075_|
## **14. Ultimate parent undertaking**
The company is a subsidiary of the Yorkshire Ladies Council of Education (Incorporated) a company incorporated in England, Registered charity number 529714.
## **15. Capital commitments**
There were no capital contracts committed to, or authorised by the board, at the year end.
Page 18
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|||**2022**||_2021_|
|---|---|---|---|---|
||**£**|**£**|_£_|_£_|
|**Rents & services receivable**|||||
|Rent|**133,797**||_129,121_||
|Service charges|**83,529**||_80,350_||
|Less: voids|**(12,161)**||_(14,247)_||
||**________**||__________||
||**205,165**||_195,224_||
|Guest room|**798**||_70_||
|Office|**60**||_60_||
|Wayleave|**5**||_5_||
|Lunches & dinners|**11,727**||_13,624_||
|Sundry income|**60**||_10_||
||**_________**||___________||
|||**217,815**||_208,993_|
|**Employee costs**|||||
|Office manager (including NIC & Pension)|**35,378**||_35,888_||
|Finance officer|**7,707**||_7,540_||
|Residents support supervisor (including NIC & Pension)|**19,441**||_16,470_||
|Senior housekeeper (including NIC & Pension)|**6,998**||_8,043_||
|Ancillary staff (including NIC & Pension)|**7,170**||_7,748_||
|Employers NIC allowance|**(4,228)**||_(3,769)_||
|Staff Training|**738**||_-_||
|Agency Staff|**-**||_5,875_||
||**________**||__________||
||**73,204**||_77,795_||
||**________**||__________||
Page 19
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|**Operating costs**||**2022**||_2021_|
|---|---|---|---|---|
||**£**|**£**|_£_|_£_|
|Rates – void flats|**3,443**||_3,364_||
|Rates – warden room|**1,422**||_1,373_||
|Rates – communal rooms|**785**||_1,170_||
|Light & heat|**38,522**||_40,902_||
|Insurance|**7,264**||_5,728_||
|General maintenance|**77,763**||_15,411_||
|Planned maintenance|**5,090**||_3,960_||
|Void flats repairs|**25,430**||_10,819_||
|Alarm, entry system & lifts|**3,884**||_3,735_||
|Gardening|**3,677**||_2,863_||
|Window cleaning|**775**||_274_||
|Cost of food & drink|**4,737**||_5,788_||
|Sundry household costs|**816**||_929_||
|Depreciation of freehold property|**16,559**||_16,559_||
|Release of social housing grant|**(4,875)**||_(4,875)_||
|Depreciation of fixtures & fittings|**3,466**||_3,889_||
||**________**||__________||
||**261,962**||_111,889_||
||**________**||__________||
Page 20
## **YORKSHIRE LADIES COUNCIL (HOSTELS) LIMITED DETAILED INCOME & EXPENDITURE ACCOUNT (Continued) FOR THE YEAR ENDED 31[ST] AUGUST 2022**
|**Administration costs**
**£**
Telephone
**1,781**
Printing, post & stationery
**606**
Advertising & website
**197**
Computer expenses
**1,738**
Travel & subsistence
**24**
Independent examination and accountancy
**2,482**
Professional fees
Investment portfolio management fees
**486**
**2,117**
NFHA subscription
**997**
Bad debt write off
**-**
Sundry expenses
**965**
**_______**
**11,393**
**_______**
**Rent losses from bad debts**
**-**
**_______**
**(Deficit)/surplus before other income**
**Other income**
Bank and other interest receivable
Dividend received
**814**
**7,361**
Trust Income
**269**
Donations, gifts and bequests
**-**
**_______**
**_**
**Net (deficit) for the year (before unrealised and realised gains**
**and losses)**|**2022**
**£**
_£_
_1,501_
_822_
_-_
_1,735_
_-_
_2,334_
_478_
_1,070_
_989_
_(2)_
_699_
_________
_9,626_
_________
**(273,354)**
_-_
_________
**(55,539)**
_180_
_6,348_
_250_
**8,444**
_-_
**_______**
_________
____
**(47,095)**|_2021_
_£_
_(199,310)_|
|---|---|---|
|||
_9,683_
_6,778_
________
_16,461_|