2023-03-31-accounts - Lady Lumley's Almshouses

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AND ADMINISTRATIVE INFORM	ATION	ATION	ATION
Full name ofthe Charity, .	Lady Lumley's Almshouses
Registered Charity number:	229068
HCA Registered number.	A3567
Registered Office ofthe Charity:	73 Outgang Road
	Pickering
	North Yorkshire
	YO187EL
Advisors:
Auditors:	Hallgarth Audit Ltd
	Chartered Accountants
	2 Hallgarth, Pickering,		North Yorkshire
	YO187AW
Accountants:	Hallgarth Accountants		Ltd
	Chartered Accountants
	2 Hallgarth, Pickering,		North Yorkshire
	YO187AW
Bankers:	National Westminster		Bank Pic
	27 Yorkersgate
	Malton, North Yorkshire
	YO!77AZ
Stockbrokersi	Messrs Redmayne	Bentley
	9Bond Court
	Leeds
	LS!2JZ
Solicitors:	Crombie Wilkinson	LLP
	Clifford House
	19Clifford Street
	York
	Yol 9RJ

		2023	2022
	Notes
TURNOVER		47,917	44,515
OPERATING COSTS		70993	64 135
OPERATING (DEFICIT)		(23,076)	(19,620)
NET (LOSSES)/ SURPLUS ON INVESTMENTS		(94,475)	67,293
INTEREST RECEIVABLE AND OTHER INCOME		43,459	46,074
INTEREST PAYABLE AND SIMILAR CHARGES		{2831)	{5461)
(DEFICIT)/ SURPLUS FOR THE YEAR		~69	~26

				2023	2022
		Notes			f,
TANGIBLE FIXEDASSETS
Housing properties —depreciated	costs			992,053	1,019,290
Investments Other				822,258 248	925,941 ~31
				1,814,559	1,945,541
CURRENT ASSETS
Debtors		10	4,813		4,301
Cash at bank and in hand			52648		62 020
			57,461		66,321
CREDITORS: Amounts falling due Within one year		11	~45 086		69009
NET CURRENT ASSETS/ LIABILITIES				12375	~2688
TOTAL ASSETSLESS CURRENT
LIABILITIES				1,826,934	1,942,853
CREDITORS: Amounts falling due after more than one year		12		~530047	{5569043
CAPITAL AND RESERVES
Revenue reserve		13		1,000,133	999,596
Designated reserve Bequest accounts Revaluation reserve		13 13 13		52,353 194,081 50,318	52,353 194,081 127,778
Restricted fund		13		2 ~1296	2 ~IO

Par '	lars of	turnove	r cost of	sales o er tin	costs and	o ratin de	ficit
					2023			2022
					Cost of	Operating	Operating		Operating
				Turnover	sales	costs	deficit	Turnover	deficit
Social	housing	lettings	(WMC)	46,112		47,798	(1,686)	44,259	(6,089)
Other	activities			I 805		23 195	~21 390	256	~13531
Total							~2	~44 I	~2

Particulars ofincome	a	nd	expe	n	di	ture from social housing letti	ngs
							General
							Needs	Supported			2022
							housing	housing	Other	Total	Total
Social housing lettings	(WMC) net				of
Identifiable service charges							42,212			42,212	40,411
Service income							3900			3 900	3,848
Gross social housing lettings (WMC)							46,112			46,112	44,259
Net social housing lettings (WMC)							46,112			46,112	44,259
Housing corporation		grants		for		major
repairs
Other Housing Corporation			revenue			grants
Other revenue grants
Turnover from social
Housing letting Management Services							46,112 9,898 5,554			46,112 9,898 5 554	44 259 9,981 6078
Routine maintenance							5,108			5,108	7,051
Planned maintenance
Major repairs expenditure
Bad debts
Property leasing charges
Depreciation ofhousing		properties					27,238			27,238	27,238
Impairment ofhousing	properties
Other costs
Operating costs on social		housing			lettings		47798			47,798	50 348
Operating deficit on Social housing lettings	(WMC)						I 686			I 686	6089
										2023	2022
The above figures reflect			rent	losses due to voids as follows:-						(t[5.

				2023		2022
2(c)	Particulars ofincome and ex enditure	from other	activities
	Grant received				160		160
	Donations			1	645		96
	Management			14,888		12,302
	Routine maintenance			8,279		1,450
	Depreciation ofproperty				28		35
	Operating costs on other activities Operating (deficit) on other activities			~21		13 8 ~1
3	Em lo informatio
	The average weekly number ofpersons	employed	during the year was:
	Office staff
	Staff costs (for the above)
	Wages and salaries

							2023	2022
4	Interest receivable and imilar	income
	Income from fixed assets and	investments					43,459	46,074
	Other interest receivable
5	Interest a able and similar char		es
	On bank loans, overdratts and	other loans:
	Repayable wholly or partly	in more than five years
6	Sur lus/ Deficit on ordina	activities before taxation
	Surplus/ (Deficit) on ordinary		activities	before taxation	is stated	after
	charging:
	Depreciation;
	Tangible owned fixed assets
	Auditors' remuneration:
	In their capacity as auditors						2~20
	For other services

	Freehold
	housing
	Properties	Fixtures,
	held for	fittings	and	2023		2022
	letting	equipment		Total		Total
Cost or valuation
At beginning ofyear	1,196,885		18,643	1,215,528		1,215,528
Additions
Disposals At end ofyear		~1		~21	52	~11	28
D~iti
At beginning ofyear Charge for the year Disposals At end ofyear	177,594 27,238 ~2	18,332 62 ~18		195,926 27,300 ~22 22		168,611 27,315 ~19 92
Net book value
At 31March 2023 At 31March 2022			~1	~ll		~1 ~146	91

The invest	ments held	are as follows:-
			2023	2022
			g
Cost or base cost
At beginning ofyear Additions			798,164 314,041	749,074 477,995
Disposals			-340265	-428 905
At end of	year
Market value
At beginning ofyear Additions			925,941 314,041	858,370 477,995
Disposals			-323249 916,733	-477708 858,657
Net gain/	(loss) on investments		-94475	67284
At end of	year		822 2	2 9 1
Listed investments			612,071	712,670
Common	investment	funds	210 187	213271
			~222 8	925 941

			2023	2022
10	Debtors: Amounts falling due within	one year
	Maintenance debtors
	Other debtors		4 813	4 301
				~4
11	Creditors: Amounts falling due within one year
	Loan repayable within one year (see note 12) Housing grant Other accruals and deferred income		26,376 12,620 6090	50,732 12,620 5 657
			~4
12	CreditrCri Amounts falling due after	more than one year
	H~it:
	The housing grant is held in creditors	and released over the useful	life ofthe structure	which is estimated
	to be 50years.
			2023	2022
	Repayable over one year: Between one and two years		12,620	12,620
	Between three and five years		37,860	37,860
	In five years or more		479 567	492 187

The loan ha is repayable	s been secured with a as follows:-	fixed legal	charge over	the Association's housing prop	erties. The loan
				2023	2022
Repayable Between	over one year: one and two years				26,376
Between	three and five years
In five years or more					26,376
Repayable	within one year (see note 11)				50732 ~108
The loan is	repayable by monthly	instalments	and interest	is charged at 5.25%.
Total amounts falling due after more than one			year		~43
			[17]

Revaluation	reserve
			2023	2022
Investment	revaluation	reserve	~1	~12

2022 Total							2023 Total	Housing M~	Services	Repairs Current	Depreciation Housing ~pro eriies
		Estate Costs
	7,051	Repairs					5,108			5,108
	1,419	Insurance					1,593	1,593
	6,057	Telephone &		Lifeline			5,537		5,537
		Electricity
		Office overheads
	620	Accountancy					740	740
	1,240	Audit					1,360	1,360
	548	Subscription					888	888
	6,133	Secretarial expenses					5,300	5,300
	42	Depreciation		—office		equipment	34	17	17
27238 ~04		Depreciation-		housing		properties	27238		~4	~51	27238 ~2
Mn	mn			herse		i
	2022						2023
	1,450	Repairs					8,279
	2,370	Insurance					2,485
	620	Accountancy					740
	1,240	Audit					1,360
	1,676	Sundries					2,963
	379	Heating					529
	308	Cleaner					777
	35	Depreciation Investment	(inci. loss on sale) admin fee				28 ~34
		Total management			expenses		0 99