##
|||~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|