2023-03-31-accounts

Contents
				Page
Registered	Social Housing Provider		Information
Report ofthe Trustees
Independent	Auditor's	Report
Statement	of Comprehensive Income			10
Statement	of Financial	Position
Notes to the Financial		Statements

Registered	Charity number		223691
Regulator ofSocial Housing		registration	A3911
number
Trustees of	the Charity		Cllr. Mr. N. P. Mannion			(Chair)
			Mrs. D. Bentley		Smith
			Mr. P. Tyrrell
			Mr. E. Hunter
Manager			Ms. F.Wilson
Registered	office		2 Sherwood	Road
			Macclesfield
			Cheshire
			SK117RR
Auditor			Harts Ltd
			Westminster	House
			10Westminster		Rd
			Macciesfield
			Cheshire
			SK101BX
Solicitor			Wains Solicitors
			39 —43 Churchside
			Macclesfield
			Cheshire
			SK101HW
Bankers			Natwest Bank
			2 Chestergate
			Macclesfield
			Cheshire
			SK116BS

Trustees of	the Charity
Manager
Registered	office
Auditor

.
						2023	2022
Reinvestment		%				0%	0
New Su	I	Social housin units		%		0%	0%
New Su	I	Non-social	housin	units	%	0%	0%
Gearin						62%
EBITDA	MRI	interest cover %				94%	2323%
Headline	social housin		cost E			63,640	F1260
0 cretin	mar in social		housin	lettin	s %	16%	67%
0 cretin	mar in overall %					21%	65%
Return on ca		ital em lo	ed %				4

STATE	MENT	OF COMPR	EHE	N	SIVE INCOME (Including Inco	me and	Expenditure	Account)
							2023	2022
							Continuing	Cofrtlnulng
							Operations	Operations
							TOTAL	TOTAL
							5	F
Turnover
						2	58,823	63,331
Administrative expenditure						2	(49,161)	(20,604)
Operating	surplus	I(deficit)					9,662	42,727
Interest receivable		and similar	income			4	4,964	138
Interest payable and similar charges						4	(2,522)	(2,003)
Movement	in fair value offinancial			instruments			(13)	38
Surplus I	(deficit)	on ordinary	activities forthe year before tax			5	12,091	40,900
Tax on surplus 1(deficit) on ordinary					activities
Surplus I	(deficit)	for the year	after		tax		12,091	40,900
Total comprehensive income			for	the year			12,091	40,900

				2023	2022
				F
Fixed assets
Tangible fixed assets				565,000	565,000
Improvements to property				22,487	27,969
				587,487	592,969
Current assets
Current asset investments				653	666
Debtors				2,904	15,704
Cash at bank and in	hand			365,256	341,508
				368,813	357,878
Creditors: amounts	falling due within one year		10	(3,781)	(10,419)
Net current assets I(liabilities)				365,032	347,458
Total assets less current liabilities				952,519	940,428
Creditors: amounts	falling due after more than one year
Total net assets I(liabilities)				952519	940,428
Reserves
Income and expenditure		reserve	13	733,012	720,921
Endowment reserve			13	219,507	219,507
Total Reserves				952,519	940,428

culars ofturno	ver and	admi	nist	rative expenditu	re from social	housing lettings
						2023	2022
						Total	Total
Turnover
Rent receivable	net of identifiable			service charges		58,823	63,331
Turnover from	social	housing		lettings		58,823	63,331
Administrative	expenditure
Manager's remuneration						6,500	5,447
Routine maintenance						19,550	3,203
Garden upkeep						1,998	1,582
Electricity						248	360
Insurance Auditors fee Professional fees						1,596 2,586 195	1,484 2,310 132
Subscriptions						579	543
Print post and stationery						208	61
Rates						219
Bad debts						10,000
Depreciation of	property	improvements				5,482	5,482
Administrative	expenditure		on	social housing	lettings	49,161	20,604
Operating surplus I(deficit)			on	social housing	lettings	9,662	42,727
Void losses						4 508

3	Accommodation owned	Accommodation owned
							Number	of	Number of
							units at 1"April		units at 31~March
							2022		2023
	Completed units:
	Housing for older people							12	12
	Properties managed	by agents
	None ofthe properties	owned		by the RP are managed		by agents.
4	Interest and other finance income and charges
	a) Interest receivable and similar income
							2023		2022
									6
	Bank interest receivable							4,964	138
	b) Interest payable and	similar		charges
							2023		2022
								6	6
	Bank loans and overdrafts							2,522	2,003
5	Surplus / (deficit) on ordinary			activities
	Surplus / (deficit) on ordinary		activities		is stated after charging		/ (crediting):
							2023		2022
								6	6
	Auditor's remuneration							2,586	2,310
	Depreciation oftangible	fixed	assets					5,482	5,482
								8,068	7,792

					2023	2022
					F	6
	Other Investments	-	NAACIF Accumulation		Units 653	666
	NAACIF Accumulation			Units are measured	at their fair value at the balance sheet date.
9	Debtom: amounts		falling due within one		year
					2023	2022
					6	6
	Trade debtors				2,022	11,710
	Prepayments				882	840
	The Fence Trust					3,154
					2,904	15,704
10	Creditors: amounts			falling due within one year
					2023	2022
	Bank loans and overdrafts					6,783
	Rents received in advance				1,333	1,326
	Accruals and deferred			income	2,448	2,310
					3,781	10,419
11	Creditors: amounts			falling due after more	than one year

2023	2022
6	6

Reserves
							2023	2022
							6	6
Income &expenditure		reserve brought			forward		720,921	680,021
Endowment	reserve brought		forward				219,507	219,507
Balance brought forward							940,428	899,528
Income and	expenditure	surplus		/ (deficit) at year end			12,091	40,900
Total reserves carried forward							952,519	940,428
Shown as
							2023	2022
							6	6
Income and	expenditure	reserve (unrestricted				reserve)	733,012	720,921
Endowment	reserve (restricted			reserve)			219,507	219,507
Balance carried forward							952519	940,428
Average number ofemployees