| CONTENTS | PAGE | |||
|---|---|---|---|---|
| Officers and | professional advisers |
|||
| Trustees' report | ||||
| Chartered accountants report to the board ofdirectors on the preparation of |
||||
| the unaudited | statutory financial |
statements | ||
| Statement of | income and retained | earnings | ||
| Statement of | financial position |
|||
| Statement of | cashflows | |||
| Notes to the financial statements |
||||
| The following | pages do not form | part ofthe financial statements | ||
| Detailed income statement | 17 |
| THE BOARD OFDIRECTORS | LMullen | Chair |
|---|---|---|
| M Archer | ||
| A Kendall | ||
| M Archer | ||
| JKendall | ||
| J Walker | ||
| C Walker | ||
| JHudson | ||
| P Bowerman | ||
| SPrice | ||
| REGISTERED OFFICE | Arden Road | |
| Halifax | ||
| West Yorkshire | ||
| HX1 3AA | ||
| ACCOUNTANTS | Spenser Wilson | Ltd |
| Chartered Accountants |
||
| Equitable House |
||
| 55 Pelion Lane | ||
| Halifax | ||
| West Yorkshire | ||
| HX1 5SP | ||
| BANKERS | Barclays Bank Plc | |
| P0Box 14 | ||
| Halifax | ||
| West Yorkshire | ||
| HXI 1BG | ||
| SOLICITORS | Wilkinson Woodward |
|
| 11Fountain Street |
||
| Halifax | ||
| West Yorkshire | ||
| HX1 1LU |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | g | |||
| INCOME | 4 | 105,808 | 101,394 | |
| Operating expenditure |
117,611 | 113,730 | ||
| Other operating income |
5 | 13,197 | 14,658 | |
| NET INCOME | 6 | 1,394 | 2,322 | |
| (Loss)/gain on financial assets at fair value through |
profit or loss | (16,405) | 15,076 | |
| DEFICITFOR THK FINANCIAL YEAR | (15,011) | 17,398 | ||
| RETAINED RESERVESAT THE START OF | THK YEAR | 264,774 | 247,376 | |
| RETAINED RESERVESAT THK KND OFTHK YEAR | 249,763 | 264,774 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | g | ||||||||
| FIXEDASSETS | |||||||||
| Tangible assets | 511,823 | 518,844 | |||||||
| CURRENT ASSETS | |||||||||
| Debtors | 10 | 616 | 632 | ||||||
| Investments | 11 | 204,658 | 218,927 | ||||||
| Cash at bank and in hand | 63425 | 105,012 | |||||||
| 268,599 | 324,571 | ||||||||
| CREDITORS: amounts | falling due | ||||||||
| vvithin one year | 12 | 26,454 | 68,190 | ||||||
| NET CURRENT ASSETS | 242,145 | 256,381 | |||||||
| TOTAL ASSETSLESS | CURRENT | ||||||||
| LIABILITIES | 753,968 | 775,225 | |||||||
| CREDITORS: amounts | falling due | after | |||||||
| more than one year | |||||||||
| Accruals and deferred | income | 443,325 | 449,571 | ||||||
| NKT ASSETS | 310,643 | 325,654 | |||||||
| CAPITAL AND RESERVES | |||||||||
| Capital reserve | 60,880 | 60,880 | |||||||
| Revenue reserve | 249,763 | 264,774 | |||||||
| 310,643 | 325,654 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||
| Net income/(expenditure) for the |
financial | year | (15,011) | 17,398 | |
| Adjustments for: | |||||
| Depreciation oftangible assets | 7,021 | 7,021 | |||
| Government grant income |
(6,246) | (6,246) | |||
| Loss/(gain) on financial assets at |
fair value | through | profit or loss | 16,405 | (15,076) |
| Accrued (income)/expenses | (42,672) | 50,239 | |||
| Changes in: | |||||
| Trade and other debtors | 16 | 3,579 | |||
| Trade and other creditors | 936 | (13,123) | |||
| Cash generated from operations |
(39,551) | 43,792 | |||
| Net cash (used in)/from operating |
activities | (39,551) | 43,792 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchases ofother investments | (16,405) | (2,459) | |||
| Proceeds from sale ofother investments | 14,269 | ||||
| Net cash used in investing activities |
(2,136) | (2,459) | |||
| NKT (DECREASE)/INCREASE | IN CASH AND | CASH | |||
| EQUIVALENTS | (41,687) | 41,333 | |||
| CASH AND CASH EQUIVALENTS ATBEGINNING OFYEAR | 105,012 | 63,679 | |||
| CASH AND CASH EQUIVALENTS AT KND OFYEAR | 63,325 | 105,012 |
| 2022 | 2021 | ||
|---|---|---|---|
| Maintenance | contribution | 116,480 | 116,480 |
| Less: Losses | from debts and voids | (10,672) | (15,086) |
| 105,808 | 101,394 |
| 5. | OTHER OP | ERATING INCOME | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Government | grant income | 6,246 | 6,246 | ||
| Investment income |
6,792 | 7,176 | |||
| Bank interest | receivable | 159 | 410 | ||
| Other income | 826 | ||||
| 13,197 | 14,658 | ||||
| 6. | OPERATING PROFIT | ||||
| Operating profit or loss is stated after charging: |
|||||
| 2022 | 2021 | ||||
| Depreciation | oftangible assets | 7,021 | 7,021 | ||
| Fees payable | for the audit ofthe financial | statements | 2,500 | ||
| Independent | examination | 1,560 |
| The average n amounted to: |
umber ofpersons emp | loyed by the charity during the year, including t |
he trustees, |
|---|---|---|---|
| 2022 | 2021 | ||
| No. | No. | ||
| Administrative | staff | I | 1 |
| The aggregate | payroll costs incurred | during the year, relating to the above, were: | |
| 2022 | 2021 | ||
| Wages and salaries | 10,801 | 10,661 | |
| Other pension | costs | 138 | 131 |
| 10&939 | 10,792 |
| 9. | TANGIBLE ASSETS | |||
|---|---|---|---|---|
| Freehold | ||||
| property | ||||
| Cost | ||||
| AtIJuly 2021 and 30June 2022 | 702,080 | |||
| Depreciation | ||||
| At I July 2021 | 183436 | |||
| Charge for the year | 7,021 | |||
| At 30June 2022 | 190,257 | |||
| Carrying amount |
||||
| At 30June 2022 | 511,823 | |||
| At 30 June 2021 | 518,844 | |||
| 10. | DEBTORS | |||
| 2022 | 2021 | |||
| Prepayments and accrued income |
616 | 632 | ||
| 11. | INVKSTNIKNTS | |||
| 2022 | 2021 | |||
| NAACIF investment | 55,097 | 56,403 | ||
| COIF investment | 86,853 | 91,664 | ||
| Charinco investment |
62,708 | 70,860 | ||
| 204,658 | 218,927 | |||
| 12. | CREDITORS: amounts | falling due &vithiu one year | ||
| 2022 | 2021 | |||
| 5 | ||||
| Trade creditors | 6,844 | 5,108 | ||
| Accruals and deferred income | 19,360 | 62,032 | ||
| Social security and other | taxes | 250 | 55 | |
| Other creditors | 995 | |||
| 26,454 | 68,190 |
| GOVERNM | ENT GRANTS |
||||
|---|---|---|---|---|---|
| The amounts | recognised in the financial |
statements | for government | grants are as follows: | |
| 2022 | 2021 | ||||
| Recognised | in creditors: | ||||
| Deferred government grants due within |
one year | 6446 | 6,246 | ||
| Deferred government grants due after more than one year |
443,325 | 449,571 | |||
| 449,571 | 455,817 | ||||
| Recognised | in other operating income: |
||||
| Government | grants released to profit or | loss | 6,246 | 6,246 |
| ANALYSIS OF CHANGES IN NET | DEBT | |||
|---|---|---|---|---|
| At | ||||
| At | 1 JUI 2021 | Cash flows | 30Jun 2022 | |
| Cash at bank and in hand | 105,012 | (41,687) | 63,325 | |
| Current asset investments | 218,927 | (14,269) | 204,658 | |
| 323,939 | (55,956) | 267,983 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| TURNOVER | |||||
| Contributions from residents |
105,808 | 101,394 | |||
| OPERATING EXPENDITURE | |||||
| Rates and water | 1&909 | 1,660 | |||
| Council tax vacant property | 3,176 | 2,220 | |||
| Light and heat | 1,547 | 3,065 | |||
| Insurance | 6,655 | 6,975 | |||
| Routine repairs | 7323 | 10,856 | |||
| Gardening | 7,560 | 6,960 | |||
| Major repairs | 59,626 | 54,919 | |||
| Warden's salary |
10,801 | 10,661 | |||
| Warden's pension |
138 | 131 | |||
| Telephone | 461 | 403 | |||
| Chapel expenses | 3,107 | 1,156 | |||
| Printing postage stationery | &sundries | 1,138 | 494 | ||
| Cleaning windows |
1,690 | 1,540 | |||
| Subscriptions &donations |
634 | 799 | |||
| Gifts to residents | 525 | 510 | |||
| Honoraria - Clerk | 1,000 | 1,010 | |||
| Honoraria - Treasurer | 1,000 | 850 | |||
| Accountancy fees |
2&300 | ||||
| Auditors remuneration |
2,500 | ||||
| Depreciation oftangible assets | 7,021 | 7,021 | |||
| 117,611 | 113,730 | ||||
| OTHER OPERATING INCOME | |||||
| Government grants released |
to profit or loss | 6,246 | 6,246 | ||
| Other operating income |
702 | ||||
| NAACIF investment | income | 2,092 | 2,219 | ||
| COIF investment income |
2,564 | 2,498 | |||
| Charinco investment |
income | 2,136 | 2,459 | ||
| Bank deposit interest | 159 | 410 | |||
| Donations received | 124 | ||||
| 13,197 | 14,658 | ||||
| OPERATING PROFIT | 1,394 | 2,322 | |||
| (Loss)/gain on financial assets at fair value through |
profit or loss | (16,405) | 15,076 | ||
| DEFICIT FORTHK FINANCIAL YEAR | (15,011) | 17,398 |
| Cyclical | ||||
|---|---|---|---|---|
| General | Extra-ordinary | maintenance | 2022 | |
| fund | repair fund | fund | Total | |
| 1 | ||||
| Balance at I July 2021 | 166,933 | 97,841 | 264,774 | |
| Appropriation from income |
(76,602) | 48,420 | 28,182 | |
| Loss on share revaluation | (16,405) | (16,405) | ||
| 73,926 | 48,420 | 126,023 | 248,369 | |
| Income and expenditure | 61,020 | (48,420) | (11,206) | 1,394 |
| Balance at 30June 2022 | 134,946 | 114,817 | 249,763 | |
| Cyclical | ||||
| General | Extra-ordinary | maintenance | 2021 | |
| fund | repair fund f |
funCl | Total | |
| Balance at I July 2020 | 150,731 | 96,645 | 247,376 | |
| Appropriation from income |
(56,116) | 27,934 | 28,182 | |
| Gain on share revaluation | 15,076 | 15,076 | ||
| 109,691 | 27,934 | 124,827 | 262,452 | |
| Income and expenditure | 57,242 | (27,934) | (26,986) | 2 322 |
| Balance at 30June 2021 | 166,933 | 97,841 | 264,774 |