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|---|---|---|---|
|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|
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|||||||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|
##
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||||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|
##
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##
||||||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|||
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||||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||
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||||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||
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||||||||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||
##
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##
|||||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||
##
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|||||||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|
##
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##
|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|
##
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##
|||||||||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|
##