2022-12-31-accounts

		Page
Resident Social Housing Provider Information
Trustees Report
Report ofthe Independent	Auditors
Statement ofComprehensive	Income
Balance Sheet
Statement ofChanges in Reserves		10
Statement ofCash Flows
Notes to the Financial Statements		12

	ROB	ERTHIBBERT'S ALMSHOUSE	ERTHIBBERT'S ALMSHOUSE	ERTHIBBERT'S ALMSHOUSE	CHARITY	CHARITY	CHARITY	CHARITY
	RESIDENT	SOCIAL HOUSING PROVIDER			INFORMATION
		for the Year Ended 31December			2022
STATUS:		Unincorporated	charity governed			by a Scheme dated 16August 1963
		sealed by order ofthe Charity			Commission			for England &Wales
		Charity registration		number 227358
		Regulator ofSocial		Housing	registration		number A2567
TRUSTEES
CHAIRMAN	'	Mrs M Bailey SRN
OTHER TRUSTEES:		Mrs C Nulty
		Mr R Daniells
		Mr A Colson
		Dr D Roberts
		Mrs JHoar
CLERKTO	THE TRUSTEES:	Mrs S Harrison
REGISTERED OFFICE:		Conquest House
		248 Toddington	Road
		Luton
		Bedfordshire
		LU4 9DZ
AUDITORS:		Miller &Co
		5 Imperial Court
		Laporte Way
		Luton
		Bedfordshire
		LU4 gFE
BANKERS:		Metro Bank
		10 - 20 Castle Street
		Luton
		Bedfordshire
		LU1 3AJ
INVESTMENT MANAGERS:		M &G Investtnents
		PO Box9039
		Chelmsford
		Essex
		CM99 2XG

	for the	Year Ended 31De	cember 2022
			2022	2021
		Note
Turnover			106,059	104,811
Operating expenditure			(112,221)	(67,683}
Gross (deficit) / surplus			(6,162)	37,128
Other income
Operating (deficit) Isurplus			(6,162)	37,128
Income from fixed asset investments			21,189	16,290
Movement in fair value of
financial instruments			(16,578)	48,766
Total comprehensive	income for the year		1,551	102,184

				2022		2021
			Notes
FIXEDASSETS:
Freehold Housing Properties					119,502		149,377
Investments					578,705		564,218
					698,207		713,595
CURRENT ASSETS:
Debtors				4,074		4,427
Cash at bank and in hand				97,695		95,715
				101,769		100,142
CREDITORS: Amounts		falling
due within one year				19,240		17,743
NKT CURRENT ASSETS					82,529		82,399
CREDITORS: Amounts		falling
due after more than one year					41,118		54,825
TOTAL NET ASSETS					739,618		6741,169
RESERVES:
Unrestricted funds:
Income and expenditure	reserve		11	586,056		571,029
Fair value reserve			12	153,562		170,140
					739,618		6741,169

			Income and
			expenditure	Fair value
			reserve	reserve	Total
At 1 January 2021			517,611	121,374	638,985
Surplus for the year			102,184		102,184
Total comprehensive	income		619,795	121,374	741,169
Transfer to fair value	reserve		(48,766)	48,766
At 31 December 2021 and		1 January 2022	571,029	170,140	741,169
Deficit for the year			(1,551)		(1,551')
Total comprehensive	income		569,478	170,140	739,618
Transfer from fair value reserve			16,578	(16,578)
At 31 December 2022			586,056	153,562	739,618

					Note	2022	2021
						f.	E
Net cash	flow from	operating	activities		15	11,856	53,503
Net cash	flow from	investing	activities
Dividends	received					21,189	16,290
Proceeds	from sale ofinvestments
Payments	to acquire	investments				(31,065)	(26,166)
Net cash	flow from	investing				(9,876)
Net increase in cash		and cash	equivalents			1,980	43,627
Cash and	cash equivalents at		beginning	ofthe year		95,715	52,088
Cash and	cash equivalents at		end ofthe	year		97,695	95,715

	HOUSING LETTING	S
									2022	2021
	Turnover
	Contributions receivable		net	of	identifiable	service charges and voids			87,562	86,464
	Service charge income								4,790	4,640
	Amortised government	grants							13,707	13,707
	Turnover from social	housing			lettings				106,059	104,811
	Administrative expenditure			(note 17)
	Management costs								15,646	15,361
	Service charge costs								12,494	11,147
	Repairs and maintenance								53,056	10,100
	Grants to tenants								1,150	1,200
	Depreciation ofhousing		properties						2~9875	29,875
	Administrative expenditure			on social housing			lettings		112,221	67,683
	Gross (deficit) / surplus		on	social housing		lettings			~6„162)	37,128
	Void losses
	All turnover and expenditure			is	in respect ofhousing			for older people.
4.	TANGIBLE FIXED ASSETS
										Housing
										Property
										Improvements
	Cost
	At 1 January 2022 and	31 December 2022								303,277
	Depreciation
	At 1 January 2022									153,900
	Charge for year									29,875
	At 31 December 2022									183,775
	Net book value
	At 31 December 2022									119,502
	At 31 December 2021									149,377

							Market
					Dividends	Cost	Value
National	Association ofAlmshouses		Common
Investment Fund Accumulation		Units
-Extraordinary Repair Fund		/ MAG Charity		Multi Asset Fund
5,389	Balance brought forward					394,078	564,218
95	Additions in year					9,876	9,876
	Sales in year
	Accumulated income				21,189	21,189	21,189
	Change in market value						(16,578)
5,484	Balance carried forward				21,189	425,143	578,705
At 31 December 2022					21,189	425,143	S78,705
At 31 December 2021					16,290	394,078	564,218

	DUE WITHI	N ONE YEAR
					2021
	Contribution	arrears		930	1,076
	Other debtors			41
	Prepayments			3,103	3,351
				4,074	4,427
7.	CREDITORS: AMOUNTS		FALLING
	DUE WITHIN ONE YEAR
				2022	2021
	Contributions	paid in advance		2,381	946
	Accrued expenses			3,152	3,090
	Deferred income			13,707	13,707
				19,240	17,743

DUE AF	TER MORE THAN ONE YEAR
		2022	2021
		f.
Deferred	incoine	41,118	54,825
		41,118	54,825

FAIR VALUE RESERVE
			2022	2021
Brought forward			170,140	121,374
Transfer from / (to) income and	expenditure	reserve	~16,578)	48,766
Carried forward			153,562	170,140
Represented by:
Unrealised gain on Extraordinary	Repair Fund investments		153,562	170,140
			1531562	170,140

15.	CASH FLO	W FROM OPERA	TING	ACTIVI	TIES
								2022	2021
	(Deficit) /	surplus for the year						(1,551)	102,184
	Amortised	housing grant						(13,707)	(13,707)
	Depreciation oftangible fixed assets							29,875	29,875
	(Decrease)	/ Increase in creditors						1,497	(959)
	Decrease /	(Increase) in debtors						353	1,166
	Dividends	receivable						(21,189)	(16,290)
	Movement	in fair value offixed	asset	investments				16578	(48,766)
	At 31 December 2022							11,856	53,503
16.	FINANCIAL INSTRUMENTS
								2022	2021
									f
	The carrying amounts ofthe charity's			financial	instruments	are	as follows:
	Financial	assets
	Measured	at fair value through	the statement of		comprehensive		income:
	- Fixed asset listed investments		(note	5)				578,705	564,218

Financial	assets measured	at fair value through	the
statement	ofcomprehensive	income:		21,189	16,290
Net gains	and losses (including changes infair		value)
Financial	assets measured	at fair value through	the
statement	ofcomprehensive	income:		~16,578)	48,766

PERATING COST	S
				2022	2021
Management costs
Property insurance				3,067	2,836
Subscriptions				609	647
Bank charges					10
Management charges				9,000	9,000
Auditors' remuneration				1,602	1,548
Auditors' remuneration		—non audit work		1/68	1,320
				15,646	15,361
Service costs
Water rates				4,790	4,639
Council tax on empty	properties
Sundry expenses				766	135
Lighting ofcommon	areas			2/00	2,221
Warden's light and heat				1,721	1,257
Warden's telephone				1,020	1,024
Warden's council tax				668	648
Warden's water rates				229	223
Warden's Christmas	box			1,000	1,000
				12,494	11,147
Day to day repairs and		maintenance
Repairs and servicing	to boilers			3,S60	3,150
Plumbing repairs				1,154	558
Alarm monitoring				1,209	l,13 l
Warden call maintenance				1,797	1,758
Replacement windows				32,280
Fire extinguisher servicing			and replacements	730	650
Electrical repairs				6,496	1,027
Gardening				1/10	1,532
General repairs				3„620	294
				53,056	10,100