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|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|||
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|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||
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|.||||||||
|---|---|---|---|---|---|---|---|
|||||||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|
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|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|
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|||||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|
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|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||
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|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|
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||||||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|
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|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|||||||||
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