2023-09-30-accounts - Farraday House Limited

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Officers and Professional Advisers
The Trustees' Report (including Directors' Report)
Independent Auditor's Report
Statement of Financial Activities	(including	Income and Expenditure	Account)
Balance Sheet
Notes to the Financial Statements

he Directors and Trustees d	uring the year	under review were:
30Se tember 202		3~03 1 0	2022
Mr R Bibby Mrs Y Creswell		Mr R Bibby Mrs YCreswell	(resigned	28/01/2022		& reappointed	29/01/2022)
Ms L Howorth		Ms L Howorth
Mr C Fogg Mrs E Shirt Mrs C McAleese		Mr C Fogg Mrs E Shirt Mrs C McAleese (appointed			17/11/2021)
Mrs J Adamson (resigned	01/11/2022)	Mrs JAdamson
Ms B Westwell (resigned Mr R Caserta (appointed	15/11/2022) 03/07/2023)	Ms B Westwell Mr A Creswell	(resigned	28/01/2022)
Mr D Wolfenden (appointed 03/07/2023)
FINANCIAL REVIEW
Results							553,365
The surplus for the year was From which is added the retained surplus Leaving a surplus carried forward of		brought forward					81786,436 71 839,801

				Unrestricted	Restricted	Year Ended	Year Ended
				Fund	Fund	30/09/2023	30/09/2022
				6		E	6
INCOME AND EXPENDITURE
Income
Investment income				75		75	166
Income from charitable	activities			472,121		472,121	455,001
Miscellaneous income				366		366	378
Total Income				472,562		472,562	455,545
Expenditure
Chaditable activities Total Expenditure			6	426 302 426,302	7778 7776, 434,078 434,078		403 178 403,178
Net Income/(Expenditure)		forthe
Year Before Other Recognised
Gains and Losses				46,260	(7,776)	38,484	52,367
Transfers between funds
Unrealised gains/(losses)		on
investments				14881		14 881	~43303
Net movement in funds				61,141	(7,776)	53,365	9,064
Fund balances brought	forward
at 1 October 2022				1,709,764	76,672	1,786,436	1,777,372
Fund balances carried	forward at
30September 2023				1 770,905	68,896	1 839,801	1 786,436

YEAR ENDED 30	SEPT	EIIBER2023
			Note	2023	2022
				E
FIXED ASSETS Housing properties Less: Housing Association		grant	13 13	1,590,951 ~991,667 599,284	1,640,172 ~991,667 648,505
Other fixed assets			14	239,403	236,896
Investments			15	471 578 1,310,265	456697 1,342,098
CURRENT ASSETS Debtors Cash at bank and in hand			16	13,597 548,021 561,618	7,308 463,116 470,424
CREDITORS: Amounts within one year		falling due	17	32,082	26,086
NET CURRENT ASSETS				529,536	444,338
TOTAL ASSETS	LESS	CURRENT LIABILTIES		1 839 801	1 786 436
THE FUNDS OF Unrestricted fund	THE CHARITY		18	1,770,905 68 896	1,709,764 76,672
Restricted Fund
				1,839,801	1,796,436

4.	MISCELLANEOUS INCONIE	Total Funds	Total Funds
		2023 6	2022 f
	Miscellaneous income	366 366	378 378
	In 2022 and 2023 all categories of income were wholly unrestricted.
5.	INTEREST RECEIVABLE AND SINIILAR INCOME	2023	2022
		6	6
	Bank interest receivable	78	166
6.	CHARITABLE ACTIVITIES	Total Funds	Total Funds
		2023	2022
		8	6
	Care and catering employee costs Employers Nl contributions Total pension costs Rates and water Light and heat Repairs and maintenance Food and other household costs Telephone Printing, stationery and advertising Miscellaneous expenses Insurance Depreciation Bank charges and interest Governance costs (see note 7)	162,279 5,513 2,719 14,226 28,034 59,168 48,839 2,629 1,172 2,917 9,621 64,810 488 31,663 434,078	145,625 4,870 2,790 13,267 30,728 49,174 44,154 4,195 1,807 2,417 10,846 64,473 495 28,337 403,178
7.	GOVERNANCE COSTS	Total Funds	TotalFunds
		2023	2022
		6	6
	Audit fees Legal and professional Affiliation fee	9,969 12,270 9,424 31,663	8,745 11,106 8,486 28,337

	Operating surplus is stated after charging/(crediting):	Operating surplus is stated after charging/(crediting):	Operating surplus is stated after charging/(crediting):
				2023	2022
				6	6
	Depreciation			64,810	64,473
	Auditors remuneration			9,500	8,400
9.	AUDITORS REMUNERATION
				2023	2022
				8	8
	Fees payable to auditor for audit of the annual	accounts		9,500	8,400
	Fees payable to auditor for other services			469	345
10.	DIRECTORS REMUNERATION
	None ofthe directors were paid any remuneration		during the year for services as directors.
11.	EMPLOYEE INFORMATION
				2023	2022
				8	f
	Wages and salaries			162,279	145,625
	Social security costs			5,513	4,870
	Other pension costs			2,719	2,790
				170,511	153,285

COST At 1 October 2022	2,300,186
Additions Housing Association grant	(991,667)
Disposals At 30September 2023	1,308519
DEPRECIATION At1 October 2022	660,014 49 221
Charge for the year At 30 September 2023	709,235
NET BOOK VALUE At 30September 2023	599,284
	548 505
At 30 September 2022

Housing	properties	comprise:
		2023	2022
		E	E
Freehold	land and buildings	599,284	648,505

OTHER TANGIBLE FIXED	ASSETS
			Computer	Improvements	Fixtures 8
			Equipment	to Property	Fittings	Total
			8		8	8
COST
At 1 October 2022			1,273	235,920	148,541	385,734
Additions				12,997	5,100	18,097
Dieposals
At 30September 2023			1 273	248,917	153,641	403,831
DEPRECIATION
At 1 October 2022			1,273	31,478	116,087	148,838
Charge forthe year				9,957	5,633	15,590
Depreciation on disposal
At 30September 2023			1 273	41 435	121 720	164,428
NET BOOK VALUE
At 30September 2023				207,482	31,921	239,403
At 30September 2022				204 442	32,454	236 896
FIXEDASSET INVESTMENTS
				2023		2022
				8		6
Market value at 1 October 2022				456,697
Additions						500,000
Disposal proceeds Net investment gains/(losses)				14,881	~43303
Market value at 30September	2023			471 575		456,697
Historical cost - original				500 000		500000
Investments at market value	comprised:			2023		2022
AJ Bell Investcentre General	Investment	Account		471,578		456,697

6	DEBTORS
.				2023	2022
				f
	Trade debtors Prepayrnents and accrued Sundry debtors		income	13,418 179 13337	6,252 1,056 7,308
17.	CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR	2023	2022
					9
	Trade creditors Other taxation and social security Other creditors Accruals and deferred income			14,784 2,477 2,426 12,395 32,082	6,817 1,323 1,366 16,580 26,086

STATEMENT OF FUN	DS
	Brought Forward 6	Income	Expenditure 6	Transfers In/Out 6	Unrealised Gain 6	Carried Forward 6
Restricted fund Unrestricted fund	76,672 1 709,764	472 562	7,776 426 302		14,881	68,896 1 770,905

CAPITAL COMMIT	MENTS
			2023	2022
Capital expenditure	that has been authorised	by the trustees
but has not yet been contracted for

inal bala	nces at 30September 2023 are r	epresented by:-
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
			E	E
Tangible Current Current	Fixed Assets Assets Liabilities	1,241,369 561,618 ~32,082	68,896	1,310,265 561,618 ~n. 082
		1 770905	68,896	1 839 801