2023-03-31-accounts - Coventry Church (Municipal) Charities

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		~Pa e
Registered Social Housing Provider	Information
Trustees' Report		2-7
Report ofthe Auditors		8-9
Statement ofComprehensive Income		10
Balance Sheet
Statement ofChanges In Reserves
Statement ofCash Flows		13
Notes to the Financial Statements		14-27
The City Charity ofJohn Cockesonne
Statement of Financial Activities		28
Balance Sheet		29
Notes to the Financial Statements		30
Lane Educational Foundation
Statement of Financial Activities		31
Balance Sheet		32
Notes to the Financial Statements		33
Income and Expenditure		34

			2023	2022
		Notes
TURNOVER			1,133,519	1,078,079
Cost ofSales			(721,957)	(641,731)
Gross Surplus			411,562	436,348
Administrative expenditure			(203,430)	(191,631)
Other operating income			397,693	103,563
Operating Surplus			605,825	348,280
Income from fixed asset investments				23
Interest receivable and similar income			2,528	48
Interest payable and similar expenses			(159,876)	(94,661)
Gain / (loss) on fair value movement	of investments	13	(1,684)	358
Surplus for the year being
Comprehensive Income for the year		22	446,793	254,048

		31 March 2023
			2023	2022
		Notes
FIXEDASSETS
Housing properties at valuation Other fixed assets		11 12	15,663,994 20,000	15,662,721 20,000
Investments		13	98,316
			15,782,310	15,682,721
CURRENT ASSETS
Debtors —falling due within one year Debtors —falling due after more than one year Cash at bank		15 15	62,752 35,507 628,805	37,552 37,246 457,923
			727,064	532,721
CREDITORS: Amounts within one year	falling due	16	(237.785)	(292,517)
NET CURRENT ASSETS			489,279	240,204
CREDITORS: Amounts	falling due after
more than one year		17	(5,350,614)	(5,448,743)
TOTAL NET ASSETS			10,920,975	10,474,182
RESERVES
Restricted
Revaluation reserve		21	3,000,000	3,000,000
Endowment Fund		21	4,650,348	4,773,831
Unrestricted
Designated reserves Revenue reserve		20 22	2,797,674 472,953	2,588,158 112,193
TOTAL RESERVES			10,920,975	10,474,182

		Restricted	Revaluation	Endowment	Designated	Revenue
		Reserve	Reserve	Fund	Reserve	Reserve	Total
			E	E
At 1 April 2021:			3,000,000	4,773,473	2,441,413	5,248	10,220,134
Surplus / (Deficit) for	the year:			358	146,745	106,945	254,048
(Total comprehensive	income)
At 31 March 2022:			3,000,000	4,773,831	2,588,158	112,193	10,474,182
Surplus / (Deficit) for	the year:			(123,483)	209,516	360,760	446,793
(Total comprehensive	income)
At 31 March 2023:			3,000,000	4,650,348	2,797,674	472,953	10,920,975

					2023	2022
				Note
Cash flow	from operating	activities		26	544,615	363,575
Cash flow	from investing	activities
Payments	to acquire fixed assets				(1,273)	(38,283)
Payments	to acquire investments				(100,000)
Receipts from sales of investments						3,928
Grants received
Interest received					2,528	48
Dividends	received					23
Net Cash	flow from investing		activities		(98,745)	(34,284)
Cash flow	from financing	activities
Repayment	of long-term loans				(115,112)	(109,153)
Interest paid					(159,876)	(94,661)
Net Cash	flow from financing		activities		(274,988)	(203,814)
Net increase in cash and cash			equivalents		170,882	125,477
Cash and	cash equivalents	at	1 April 2022		457,923	332,446
Cash and	cash equivalents	at	31 March 2023		628,805	457,923
Cash and	cash equivalents	consist of:
Cash at bank and in hand					628,805	457,923
Cash and	cash equivalents	at	31 March 2023		628,805	457,923

								2023	2023
							0 eratin		costs	note 3
						Turnover	Cost	of		Admin	~Oeratin
Social Housing		lettings:				E	Sales			Costsf	sur	lus/ deficit
Contributions:		118supported		housing	units	738,785
Service charges						322,452
Light and heat		contributions				105,418
Less: Voids						(33,136)
						1,133,519	721,957		150,638		260,924
Non-Housing	activities:
Donations - Bond's Hospital				Estate	Charity	345,854
- Other sundry			donations			2,359
						348,213
Other rental income						20,720
Room hire						5,382
Other income						23,378
						397,693			52,792			344,901
Total						1,531,212	721,957		203,430			605,825
								2022
							0 eratin		costs	note 3
						Turnover	Cost	of		Admin		~Qeratin
							Sales			Costs	sur	lus/ deficit
Social Housing		lettings:				E
Contributions:		118supported		housing	units	840,831
Service charges						201,188
Light and heat		contributions				69,350
Less: Voids						(33,290)
						1,078,079	641,731		145,586			290,762
Non-Housing activities:
Donations - Bond's Hospital				Estate	Charity	75,652
- Other sundry			donations			3,820
						79,472
Other rental income						20,280
Room hire						3,597
Other income						214
						103,563				46,045		57,518
Total						1,181,642	641,731		191,631			348,280

								2023	2022
OPERATING COSTS
ALMSHOUSE COSTS
Primary costs of lettings
Management:
Scheme managers' salaries,		national		insurance,		and pensions		147,685	145,083
Service charge costs: Rent								8,060	9,124
Rates and water								30,676	25,536
Insurance								16,909	22,070
Light and heat								165,576	134,182
Laundry, cleaners, and	cleaning		materials					45,083	41,560
Telephone								22,281	19,597
Gardener and garden expenses								36,930	33,151
Other charges: Staff training and expenses Sundry expenses Central control and Careline								896 36,358 6,072	1,222 36,812 15,154
ITfacilities								16,590	8,974
Planned Maintenance:
Cyclical maintenance								160,941	149,266
Extraordinary repairs								27,900
OPERATING EXPENDITURE ON SOCIAL					HOUSING LETTINGS			721 957	641 731
ADMINISTRATIVE EXPENSES
Management:
Chief Executive and Administrative staff salaries,						national	insurance,
and pensions								126,920	115,032
Other charges: Professional fees								14,290	22,323
Computer and office expenses Bank charges Pension administration								6,657 2,375 396	5,905 1,930 396
ADMINISTRATIVE EXPENDITURE				ON SOCIAL		HOUSING LETTINGS		150638	145586
NON-HOUSING ADMINISTRATIVE				EXPENSES
Governance Costs
Chief Executive								27,271	24,199
Audit								4,150	3,750
Accountancy								4,564	4,299
Subscriptions								1,283	3,649
								37268	35897
Other expenditure: Grants (see note 6)								15,524	10,148
TOTAL NON-HOUSING	ADMINISTRATIVE				EXPENSES			52 792	46 945
TOTAL OPERATING COSTS								925,387	833,362

	NOTES TO THE FINANCIAL STATEMEN for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMEN for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMEN for the year ended 31 March 2023	NOTES TO THE FINANCIAL STATEMEN for the year ended 31 March 2023	TS
4.	INTEREST RECEIVABLE AND INVESTMENT INCOME				2023	2022
					F	F
	Equities					23
	Cash deposits				2,528	48
					2,528	71
5.	INTEREST PAYABLE AND SIMILAR CHARGES				2023	2022f
	Loan interest				159,876	94,661
					159,876	94,661
	GRANTS				2023	2022
					E	E
	Grants to institutions
	Tiny Tims				1,000
	Kairos WWT				2,000
	Happy Days				500
	The Lighthouse Trust				500
	The Salvation Army and Childrens			Choir	120
	Coventry City Mission				2,000
	Wandering Wellies				1,000
	Sea Cadets				1,250
	Redeemed Christian		Church ofGod		600
	Coventry Rape 8 Sexual Abuse Centre				1,000
	Oasis Community	Hub and Cafe			1,000
	National Association ofAlmshouses				100	213
	Myton Hospice				911	572
	Coventry Cyrenians				1,000	500
	Shine A Light					1,000
	Revitalise					550
	Coventry Independent		Advice Service			1,000
	Coventry Foodbank					1,440
					12,981	5,275
	Residents' Welfare				2,543	4,873
	Total				15,524	10,148

AUDITORS REMUNERATION	AUDITORS REMUNERATION	2023	2022
		E	F
Fees payable (exclusive	ofVAT) to the
auditor in relation to the period ofaccount
for the audit ofthe annual accounts		4,150	3,750
Fees payable (exclusive	ofVAT) to the
auditor for other services	in relation to the
period ofaccount.		7,312	8,857
STAFF COSTS		2023	2022
		P	E
Wages and salaries Social security costs		291,065 23,639	279,219 22,044
Pension costs		8,376	8,630
		323,080	309,893

follows:
2023	2022
No.	No.

The land was revalued	The land was revalued	The land was revalued	on	16 May 2005 by Messrs. Godfrey-Payton,	16 May 2005 by Messrs. Godfrey-Payton,	Chartered	Surveyors,	on an open
market basis and		on transition to			FRS102 in 2015,was taken as the deemed cost.
INVESTMENTS								Quoted
								investments
Market value at	1	April	2022
Additions								100,000
Disposals
Investment gains		/ (losses)						(1,684)
Market value at	31 March 2023							98,316
Historical cost at		31 March		2023				100,000
Investments at	market		value comprise:				2023f	2022 F
COIF Charities	Investment			Fund		49,443
COIF Charities	Ethical		Investment		Fund	48,873
						98,316

	for th	for th	e year ended 31 March 202	3
14.	ACCOMMODATION OWNED AND		IN MANAGEMENT	2023	2022
				No. flats	No. flats
	Social housing:
	Housing for older people	—affordable	rent
	Ford's Hospital			5	5
	Bond's Hospital			42	42
	Bond's Court			26	26
	Bond's Lodge			45	45
	Total Owned and Managed			118	118
15.	DEBTORS			2023	2022
				E
	Social housing rent arrears			44,747	24,742
	Prepayments and accrued interest			53,512	50,056
				98,259	74,798
	Debtors falling due within one year			62,752	37,552
	Debtors falling due after	more than one year		35,507	37,246
				98,259	74,798
16.	CREDITORS: Amounts	falling due within one year		2023	2022
				E
	Royal Bank ofScotland	Loan		852	768
	Charity Bank Loan			105,031	122,098
	Accruals and other creditors			131,902	169,651
				237,785	292,517
17.	CREDITORS: Amounts	falling due after more		2023	2022
	than one year
	Royal Bank ofScotland	Loan		73,526	74,378
	Charity Bank Loan			3,702,088	3,799,365
	Deferred capital grant —Homes England			1,575,000	1,575,000
				5,350,614	5,448,743

An analy	sis ofthe maturity of	loans is given below:
			2023	2022
				F
Amounts	falling due within one year or on demand:
Royal Bank ofScotland Loan			852	768
Charity	Bank Loan		105,031	122,098
Amounts	falling due between	one and two years:
Royal Bank ofScotland Loan			946	852
Charity	Bank Loan		110,035	124,981
Amounts	falling due between	two and five years:
Royal Bank ofScotland Loan			3,514	3,164
Charity	Bank Loan		362,064	393,654
Amounts	falling due in more than five years:
Royal Bank ofScotland Loan			69,066	70,362
Charity	Bank Loan		3,229,989	3,280,730
			3,881,497	3,996,609

rate of3.65'%%d for 5 y E3,921,463).	rate of3.65'%%d for 5 y E3,921,463).	ears. The aggregate secured liabilities a	ears. The aggregate secured liabilities a	t 31 March 2023, were E3,8	07,119(2022
DEFERRED GRANT		INCOME		2023	2022
					E
At 1 April	2022			1,575,000	1,575,000
Capital grant received		in	year
Released	in year
At 31 March 2023				1,575,000	1,575,000
Amounts	to be released		within one year
Amounts	to be released		in more than one year	1,575,000	1,575,000
				1,575,000	1,575,000

out ofun	restri	cted funds by the Trustee	s for specific purposes.
			Bond's	Extraordinary	Cyclical
			Lodge	Repair	Maintenance
			Fund	Fund	Fund	Total
			F
Balance	at 1	April 2022	2,535,910	40,299	11,949	2,588,158
Loss on	investments'			(1,684)
Transfers	in		115,617	123,483	160,941	400,041
Expenditure				(27,900)	(160,941)	(188,841)
Balance	at 31 March 2023		2,651,527	134,198	11,949	2,797,674
Represented		by:
Fixed Assets			8,033,646			8,033,646
Investments				98,316		98,316
Debtors
Creditors			(5,382,119)			(5,382,119)
Cash				35,882	11,949	47,831
			2,651,527	134,198	11,949	2,797,674

		Revaluation
		Reserve
		Housing	Endowment
		~Pro ertiee	Fund	Total
			E
Balance at 1	April 2022	3,000,000	4,773,831	7,773,831
Transfers out			(123,483)	(123,483)
Balance at 31 March 2023		3,000,000	4,650,348	7,650,348
Represented	by:
Fixed Assets		3,000,000	4,650,348	7,650,348
Investments
Debtors
Creditors
Cash
		3,000,000	4,650,348	7,650,348

RESERVES
	Restricted	Designated	Unrestncted
	Reserves	Reserves	Revenue
	~note 21	(note 20)	Reserves	Total
		E		E
Balance at 31 March 2022	7,773,831	2,588,158	112,193	10,474,182
Surplus for the year		(190,525)	637,318	446,793
Transfers for the year	(123,483)	400,041	(276,558)
Balance at 31 March 2023	7,650,348	2,797,674	472,953	10,920,975

			2023	2022
Surplus for the period			446,793	254,048
Interest payable			159,876	94,661
Interest received			(2,528)	(48)
Dividends received				(23)
(Gains)/losses on investments			1,684	(358)
Decrease/(increase)	in debtors		(23,461)	13,525
Increase/(decrease)	in other creditors		(37,749)	1,770
Net cash flow from	operating	activities	544,615	363,575

Analysis ofchanges in net deb	t
	2022	Cashflows	Non-cash	2023
	E			E
Borrowings	3,996,609	(115,112)		3,881,497
Total liabilities	3,996,609	(115,112)		3,881,497
Cash at bank	(457,923)	(170,882)		(628,805)
Total net debt	3,538,686	(285,994)		3,252,692

		Unrestricted	Endowment	Total
		funds	funds	2023	2022
		E			E
Income
Investment income		7,986		7,986	4,212
Interest receivable		4		4
Total income		7,990		7,990	4,212
Expenditure
Charitable activities:
Distribution of cash to certain
Trustees to be used for relief purposes		600		600	600
Grants: Relief in need:
- Foleshill Baptist Church -13'"Scout Group					1,500 1,000
-Coventry Food Bank					240
—Mercia Therapy Centre		1,300		1,300
- Coventry Children's	Boot Fund	1,000		1,000
Total expenditure		2,900		2,900	3,340
(Losses) / Gains on investments			(5,252)	(5,252)	15,177
Net income/(expenditure)		5,090	(5,252)	(162)	16,049
Fund balances brought forward at 1 April 2022		10,853	207,080	217,933	201,884
Fund balances carried forward
at 31 March 2023		15,943	201,828	217,771	217,933

				31 March		31 March
				2023		2022
			Notes
FIXEDASSET INVESTMENTS				201,828		207,080
CURRENT	ASSETS
Cash at bank:
Business Instant Access		Account		1,653	1,648
Treasurers	account			9,029	9,205
Debtors				5,261
				15,943	10,853
CREDITORS: Amounts		falling due
within one	year
NET CURRENT ASSETS				15,943		10,853
NET ASSETS				217,771		217,933
FUNDS
Endowment				201,828		207,080
Unrestricted				15,493		10,853
				217,771		217,933

1.	FIXEDASSET	FIXEDASSET	INYESTMENTS	INYESTMENTS	INYESTMENTS	INYESTMENTS			2023	2022
									F
	Market value 1		April 2022						207,080	191,903
	Investment	(losses) /			gains				(5,252)	15,177
	Market value 31			March 2023					201,828	207,080
	The investments			are:
									Market
									value
									E
	Charishare	Common			Investment		Fund		108,680
	COIF Charities		Investment			Fund			93,148
									201,828
2.	DEBTORS								2023	2022
										E
	Accrued income								5,261
									5,261
	Debtors falling due within one year								5,261
3.	ANALYSIS	OF	NET ASSETS BETWEEN FUNDS						Net current
								Investments	assets	Total
	Endowment	fund						201,828		201,828
	Unrestricted	fund							15,943	15,943
								201,828	15,943	217,771

			Unrestricted	Endowment	Total
			funds	funds	2023	2022
			F			P
Income
Investment income			3,173		3,173	930
Total income			3,173		3,173	930
Expenditure
Charitable activities:
Grants: Educational purposes: -Coventry School Foundation			750		750	1,000
-Coventry School Opportunity			2,000		2,000
Total expenditure			2,750		2,750	1,000
(Losses) / Gains on	investments			(705)	(705)	4,729
Net income/(expenditure)			423	(705)	(282)	4,659
Fund balances brought at 1 April 2022		forward	3,324	66,254	69,578	64,919
Fund balances carried		forward
at 31 March 2023			3,747	65,549	69,296	69,578

			I
1.	FIXEDASSET INVESTMENTS			2023	2022
				E	E
	Charishare Common Investment		Fund
	Market value	1 April 2022		66,255	61,526
	Investment (losses) / gains			(706)	4,729
	Market value	31 March 2023		65,549	66,255
2.	DEBTORS			2023	2022
				E	F
	Accrued income			3,173
				3,173
	Debtors falling	due within one year		3,173

ANALYSIS	OF NET ASSETS BETWEEN FUNDS		Net current
		Investments	assets	Total
			P	E
Endowment	funds	65,549		65,549
Unrestricted	funds		3,747	3,747
		65,549	3,747	69,296