|||Page|
|---|---|---|
|Resident Social Housing Provider Information|||
|Trustees Report|||
|Report ofthe Independent|Auditors||
|Statement ofComprehensive|Income||
|Balance Sheet|||
|Statement ofChanges<br>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<br>House|||||||
|||248 Toddington|Road||||||
|||Luton|||||||
|||Bedfordshire|||||||
|||LU4 9DZ|||||||
|AUDITORS:||Miller &Co|||||||
|||5 Imperial<br>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|||||||





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





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|||||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<br>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|





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||||||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<br>at||beginning|ofthe year||95,715|52,088|
|Cash and|cash equivalents<br>at||end ofthe|year||97,695|95,715|





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||HOUSING LETTING|S|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||Turnover||||||||||
||Contributions<br>receivable||net|of|identifiable|service charges and voids|||87,562|86,464|
||Service charge income||||||||4,790|4,640|
||Amortised<br>government|grants|||||||13,707|13,707|
||Turnover<br>from social|housing|||lettings||||106,059|104,811|
||Administrative<br>expenditure|||(note 17)|||||||
||Management<br>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<br>expenditure|||on social housing|||lettings||112,221|67,683|
||Gross (deficit) / surplus||on|social housing||lettings|||~6„162)|37,128|
||Void losses||||||||||
||All turnover<br>and expenditure|||is|in respect ofhousing|||for older people.|||
|4.|TANGIBLE FIXED ASSETS||||||||||
|||||||||||Housing|
|||||||||||Property|
|||||||||||Improvements|
||Cost||||||||||
||At<br>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|





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||||||||Market|
|---|---|---|---|---|---|---|---|
||||||Dividends|Cost|Value|
|National|Association ofAlmshouses||Common|||||
|Investment<br>Fund Accumulation||Units||||||
|-Extraordinary<br>Repair Fund||/ MAG Charity||Multi Asset Fund||||
|5,389|Balance brought<br>forward|||||394,078|564,218|
|95|Additions<br>in year|||||9,876|9,876|
||Sales in year|||||||
||Accumulated<br>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|





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



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



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|15.|CASH FLO|W FROM OPERA|TING|ACTIVI|TIES|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
||(Deficit)<br>/|surplus for the year||||||(1,551)|102,184|
||Amortised|housing<br>grant||||||(13,707)|(13,707)|
||Depreciation oftangible<br>fixed assets|||||||29,875|29,875|
||(Decrease)|/ Increase in creditors||||||1,497|(959)|
||Decrease<br>/|(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<br>INSTRUMENTS|||||||||
|||||||||2022|2021|
||||||||||f|
||The carrying<br>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<br>changes infair||value)|||
|Financial|assets measured|at fair value through|the|||
|statement|ofcomprehensive|income:||~16,578)|48,766|





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|PERATING COST|S|||||
|---|---|---|---|---|---|
|||||2022|2021|
|Management<br>costs||||||
|Property<br>insurance||||3,067|2,836|
|Subscriptions||||609|647|
|Bank charges|||||10|
|Management<br>charges||||9,000|9,000|
|Auditors'<br>remuneration||||1,602|1,548|
|Auditors'<br>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<br>light and heat||||1,721|1,257|
|Warden's<br>telephone||||1,020|1,024|
|Warden's<br>council tax||||668|648|
|Warden's<br>water rates||||229|223|
|Warden's<br>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<br>repairs||||1,154|558|
|Alarm monitoring||||1,209|l,13 l|
|Warden call maintenance||||1,797|1,758|
|Replacement<br>windows||||32,280||
|Fire extinguisher<br>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|