2022-12-31-accounts

			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers	1-2
Trustees' report			3-7
Independent auditors'	report	on the financial statements	8-11
Statement offinancial	activities		12
Balance sheet			13 - 14
Statement ofcash flows
Notes to the financial	statements		16-37

						Unrestricted	Total	Total
						funds	funds	funds
						2022	2022	2021
					Note	F.	6
Income from:
Charitable activities					4	1,191,310	1,191,310	1,151,371
Other trading activities					5	148,083	148,083	84,487
Investments					6	13,841	13,841	7,922
Total income						1,353„234	1,353,234	1,243,780
Expenditure on:
Raising funds					7,8	91,298	9'l,298	93,400
Charitable activities					9	1,270,266	1,270,266	1,146,181
Total expenditure						1,361,564	1,361,564	1,239,581
Net (expenditure)/income			before	net gains on
investments						(8,330)	(8,330)	4,199
Net (losses)/gains	on investments					(48,740)	(48,740)	44,131
Net movement in	funds before other recognised
gains/(losses)						(57,070)	(57,070)	48,330
Other recognised	gains/(losses):
Actuarial (losses)/gains		on	defined	benefit pension
schemes					27	(7,000)	(7,000)	470,000
Net movement in	funds					(64,070)	(64,070)	518,330
Reconciliation of	funds:
Total funds brought	forward					33,622,441	33,622,441	33,104,111
Net movement in funds						(64,070)	(64,070)	518,330
Total funds carried forward						33,558,371	33,558,371	33,622,441

			Note		2022f		2021
Fixed assets
Tangible assets Investments			14 15		33,623,694 333,466		33,785,023 383,826
					33,957,160		34,168,849
Current assets
Stocks			16	7„575		10,500
Debtors			17	370,363		277,490
Cash at bank and in	hand			829,142		941,027
				1,207,080		1,229,017
Creditors: amounts year	falling due within one		18	(279,558)		(274,175)
Net current assets					927,522		954,842
Total assets less current liabilities					34,884,682		35,123,691
Creditors: amounts than one year	falling due after more		19		(1,326,311)		(1,461,250)
Net assets excluding liability		pension asset I			33,558„371		33,662,441
Defined benefit pension liability		scheme asset 1	27				(40,000)
Total net assets					33,558,371		33,622,441

					2022f	2021f
Cash flows from operating activities
Net cash	used in operating activities				54,321	195,349
Cash flows from investing activities
Dividends,	interests and rents from investments				13,841	7,922
Proceeds	from the sale oftangible fixed	assets			6,000
Purchase	oftangible fixed assets				(24,600)
Proceeds	from sale of investments				40,039	14,090
Purchase	of investments				(38,419)	(12,377)
Net cash	(used in)/provided by investing		activities		(3,139)	9,635
Cash flows from financing activities
Repayments of borrowing					(163,067)	(171,700)
Net cash	used in financing activities				(163,067)	(171,700)
Change in cash and cash equivalents		in	the year		(111,885)	33,284
Cash and	cash equivalents at the beginning		of the year		941,027	907,743
Cash and	cash equivalents at the end	of	the year		829„142	941,027
The notes	on pages 16to 37form part ofthese financial			statements

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			5	5
Solar	panel	income	148,083	148,083	84,487
Total	2021		84,487	84,487

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			6	5	8
Office rent		received	6,000	6,000	4,000
Income	from investments		4,507	4,507	3,862
Investment		income - cash deposits	2,334	2,334	60
Pension	income		1,000	1,000
			13,841	13,841	7,922
Total2	21		7,922	7,922

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				5
Loan interest	and consultancy	-solar panels	33,631	33,631	35,640
Depreciation	-solar panels		56,047	56,047	56,047
			89,678	89,678	91,687
Total2021			91,687	91,687

			Unrestricted	Total	Total
			funds	funds	funds
			2022 5	2022f	2021
Investment	management	fees	1,620	1,620	1,713
Total 2021			1,713	1,713

							Unrestricted
							funds	Total	Total
							2022	2022	2021
								6
Direct	costs	-	Provision	of	housing	services	1,270,266	1,270„266	1,146, 181
Total	2021						1,146, 181	1,146,181

							Activities
							undertaken	Support	Total	Total
							directly	costs	funds	funds
							2022	2022	2022	2021
							6	6
Direct	costs	-	Provision	of	housing	services	1,049,726	220,540	1,270,266	1,146,181
Total	2021						924,749	221,432	1,146,181

				Provision of
				Housing	'Total	Total
				services	funds	funds
				2022 6	2022 F	2021f
Pension finance costs						6,000
Staff costs				355,940	355,940	365,678
Depreciation	- housing	properties,	solar panels and vehicles	124,788	124,788	123,263
Repairs and	maintenance			502,695	502,695	364,701
Insurance				45,673	45,673	43,313
Motor expenses				26,629	26,629	21,794
Gain on disposal offixed assets				(5,999)	(5,999)
				1,049,726	1,049,726	924,749
Total2021				924,749	924,749

						Provision of	Provision of	Provision of
							Housing		Total	Total
							services		funds	funds
								2022 E	2022 E	2021f
Staff costs							116,069		116,069	130,024
Depreciation								5,093	5,093	5,498
Insurance								4,071	4,071	3,860
Premises costs								24,262	24,262	17,019
General administrative		expenses						17,210	17,210	17,043
Legal and professional		costs						13,789	13„789	8,117
Loan interest								26,431	26,431	28,441
Motor expenses								855	855	690
Governance	costs							10,920	10,920	10,740
Bad debt								1,840	1,840
							220,540		220,540	221,432
Total 2021							221,432		221,432
Governance	costs comprise		fees	in	respect of the auditor	including		VAT. See	note 11 below	for details
net ofVAT.
Auditors' remuneration
									2022	2021
									E
Fees payable	to the Charity's		auditor		for the audit of the Charity's		annual
accounts									5,000	4,335
Fees payable	to the Charity's		auditor		in respect of:
All non-audit	services not included			above					4,100	4,315
Fees payable	to the Charity		auditor's		associates in respect	of:
All non-audit	services not included			above					6,000	3,405

Staff co	sts
		2022	2021
		8
Wages and salaries		321,899	305,307
Social security costs		31,065	28,395
Pension	strain creditor re former employee	(28,955)
Operating	costs of defined benefit pension schemes	148,000	162,000
		472,009	495,702

2022	2021
No.	No.

			Vehicles
	Housing	Office and	and	Other fixed
	properly	depot	equipment	assets	Total
	F	E	E	F	E
Cost orvaluation
At 1 January 2022	32,877,047	340,793	106,544	2,241,881	35,566,265
Additions			24,600		24,600
Disposals			(13,194)		(13,194)
At 31 December 2022	32,877,047	340,793	117,950	2,241,881	35,577,671
Depreciation
At 1 January 2022	822,327	73,650	100,610	784,655	1,781„242
Charge for the year	60,617	5,066	8,152	112,093	185,928
On disposals			(13,193)		(13,193)
At 31 December 2022	882,944	78,716	95,569	896,748	1,953,977
Net book value
At 31 December 2022	31,994,103	262,077	22,381	1,345,133	33,623,694
At 31December 2021	32,054,720	267,143	5,934	1,457226	33,785,023

					Other fixed
				Listed	asset
				investments	investments	Total
				6	6	F.
	Cost or valuation
	At 1 January	2022		380,830	2,996	383,826
	Additions			35,420	2,999	38,419
	Disposals			(46,878)		(46,878)
	Revaluations			(41,901)		(41,901)
	At 31 December 2022			327,471	5,995	333,466
	Net book value
	At 31 December 2022			327,471	5,995	333,466
	At 31December 2021			380,830	2,996	383,826
16.	Stocks
					2022	2021
					6
	Finished goods and goods		for resale		7,575	10,500
17.	Debtors
					2022	2021
					6
	Due within one year
	Maintenance	contribution	debtors		9,608	9,360
	Other debtors				13,730	9,452
	Prepayments	and accrued	income		347,025	258,678
					370,363	277,490

		2022f	2021
Other loans		110,868	108,885
Trade creditors		56,123	41,380
Other creditors		81,391	72,144
Accruals and deferred	income	31,176	51,766
		279,558	274,175

Creditors: Amounts falling due after	more than one year
		2022	2021
		F
Other loans		1,326,311	1,438,499
Other creditors			22,751
		1,326,311	1,461,250
Included within the above are amounts	falling due as follows:
		2022f	2021f
Between one and two years
Otherloans		112,188	112,188
Between two and five years
Otherloans		336,565	336,565
Over five years
Other loans		877,558	989,746

					2022f	2021
Payable	or	repayable	by	instalments	877,558	989,746
					877,558	989,746

								Balance at
			Balance at 1					31
			January			Transfers	Gains/	December
			2022 6	Income 6	Expenditure 6	in/out 6	(Losses)f	2022 6
Unrestricted
funds
Designated
funds
Designated		fixed
asset fund			33,785,023		(185,928)	24,599		33,623,694
General	funds
General	fund		(122,582)	1,353,234	(1,028,636)	(218,599)	(48,740)	(65,323)
Pension	reserve		(40,000)		(147,000)	194,000	(7,000)
			(162,582)	1,353,234	(1,175,636)	(24,599)	(55,740)	(65,323)
Total
Unrestricted
funds			33,622,441	1,353,234	(1,361,564)		(55,740)	33,558,371

Stateme	nt	offund	s - prior year
								Balance at
			Balance at					31
			1 January			Transfers	Gains/	December
			2021	Incomef	Expenditure	inyoul	(Losses)f	2021
Unrestricted
funds
Designated
funds
Designated		fixed
asset fund			33,969,831		(184,808)			33,785,023
General	funds
General	fund		(328,720)	1,243,780	(886,773)	(195,000)	44,131	(122,582)
Pension	reserve		(537,000)		(168,000)	195,000	470,000	(40,000)
			(865 720)	1,243,780	(1,054,773)		514,131	(162,582)
Total
Unrestricted
funds			33,104,111	1,243,780	(1,239,581)		514,131	33,622,441

						Balance at
	Balance at 1					31
	January			Transfers	Gains/	December
	2022f	Income E	Expenditure 6	in/out 6	(Losses) 6	2022 6
Designated
funds	33,785,023		(185,928)	24„599		33,623,694
General funds	(162,582)	1,353,234	(1,175,636)	(24,599)	(55,740)	(65„323)
	33,622,441	1,353,234	(1,361,564)		(55,740)	33,558,371

Summary offun	ds - prior year
						Balance at
	Balance at					31
	1January			Transfers	Gainer	December
	2021	Income f	Expenditure	inlout	(Losses)	2021f
Designated funds	33,969,831		(184,808)			33,785,023
General funds	(865,720)	1,243,780	(1,054,773)		514,131	(162,582)
	33,104,111	1,243,780	(1,239,581)		5'/4, 131	33,622,441

Analysis ofnet assets between funds - current year
	Unrestricted	Total
	funds	funds
	2022f	2022
Tangible fixed assets	33,623,694	33,623,694
Fixed asset investments	333,466	333,466
Current assets	1,207,080	1,207,080
Creditors due within one year	(279,558)	(279,558)
Creditors due in more than one year	(1,326,311)	(1,326,311)
Total	33,558,371	33,558,371

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2021	2021
Tangible fixed assets	33,785,023	33,785,023
Fixed asset investments	383,826	383,826
Current assets	1,229,017	1,229,017
Creditors due within one year	(274,175)	(274,175)
Creditors due in more than one year	(1,461,250)	(1,461,250)
Provisions for liabilities and charges	(40,000)	(40,000)
Total	33,622,441	33,622,441

Reconciliation ofn	et movement	in fun	ds t	o ne	t cas	h flow	from operating	activities
								2022 8	2021f
Net income/expenditure for the		year	(as	per	Statement		of Financial
Activities)								(57,070)	48,330
Adjustments for:
Depreciation charges								185,928	184,808
(Losses)/gains on investments								48,740	(44,131)
Dividends, interests	and rents from	investments						(13,841)	(7,922)
Loss/(profit) on the sale offixed assets								(5,999)
Decrease/(increase)	in stocks							2,925	(1,629)
Increase in debtors								(92,873)	(22,120)
(Decrease)/increase	in creditors							(19,351)	8,132
I oan interest								52,862	56,881
Defined benefit pension scheme finance			cost						6,000
Defined benefit pension scheme cost less contributions						payable		(47,000)	(33,000)
Net cash provided	by operating	activities						54,321	195,349

		2022	2021
		5
Cash	in hand	829,142	941,027
Total	cash and cash equivalents	829,142	941,027

			At 1		At 31
			January		December
			2022 5	Cash flowsf	2022 5
Cash	at bank and in hand		941,027	(111,885)	829,142
Debt	due within	1 year	(108,885)	(1,983)	(110,868)
Debt	due after 1 year		(1,438,499)	112,188	(1,326,311)

Principal actuarial assumptions at the Balance she	et date (expressed as weighted averages):
	At 31	Af 31
	December	December
	2022	2021
Discount rate	4.8	2.0
Future salary increases	4.1	4.3
Pension increases	2.6	2.8
CPI inflation	2.6	2.8

	At 31	At 31
	December	December
	2022	2021
	Years	Years
Mortality rates (in years)
-for a male aged 65 now	21.8	21.9
- at 65for a male aged 45 now	23.5	23.6
-fora female aged 65 now	25	25.1
-at 65fora female aged 45 now	26.7	26.9

The Charit	y's share ofthe assets in the scheme was:
		At 31	At 31
		December	December
		2022f	2021
Equities		1,918„000	2,135,000
Gilts		49,000	76,000
Corporate	bonds	730,000	732,000
Property		393,000	303,000
Cash and	other liquid assets	67,000	148,000
Other		419,000	398,000
Multi asset credit		168,000
Total fair	value ofassets	3,744,000	3,792,000

			2022f	2021
Current service cost			148,000	162,000
Interest income			(77,000)	(47,000)
Interest cost			76,000	53,000
Total amount recognised	in the Statement offinancial	activities	147,000	168,000

Moveme	nts in th	e presen	t value ofthe defined benefit obl	igation were as follows:
				2022	2021
				6
Opening	defined	benefit	obligation	3,832,000	3,815,000
Current	service	cost		148,000	162,000
Interest	cost			76,000	53,000
Contributions by		scheme	participants	22,000	23,000
Actuarial	gains			(252,000)	(136,000)
Benefits	paid			(82,000)	(65,000)
Closing	defined	benefit	obligation	3,744,000	3,832,000

			2022	2021
			F.
Opening	fair	value ofscheme assets	3,792,000	3,278,000
Expected	return on assets		77,000	47,000
Actuarial	(losses)/gains		(259,000)	334,000
Contributions		by employer	194,000	195,000
Contributions		by scheme participants	22„000	23,000
Benefits	paid		(82,000)	(65,000)
Closing	fair	value ofscheme assets	3,744,000	3,792,000