| PAGE | |||
|---|---|---|---|
| Board Report | |||
| Independent Auditor's |
Report | 2-4 | |
| Statement of Comprehensive Income |
|||
| (Including Income S. |
Expenditure | Account) | |
| Balance Sheet | |||
| Statement of Changes |
in Reserves | ||
| Notes to the Financial | Statements | 8 —12 |
for the year ended |
p (ncu 31stDecember, 2022 |
ng nco |
e and | xpenditure Ac |
count) | |
|---|---|---|---|---|---|---|
| Note | 2022 | |||||
| Turnover | 33,236 | 31,966 | ||||
| Operating Costs: |
||||||
| Management Services Maintenance Depredation including |
loss on disposal | (9,777) (6,022) (35,657) ~4150 |
(9,337) (3,911) (2,229) ~4057 |
|||
| $5~6~06 | 19534 | |||||
| Operating Deficit |
(22,370) | 12,432 | ||||
| Interest Receivable and Other Income Interest Payable and Similar Charges Movement on fair value ofInvestments |
274 (2,531) ~142 |
132 (2,742) 375 |
||||
| Deficit on ordinary | activities before taxation | 7 | (24,769) | ZO,ag7 | ||
| Tax on surplus | ||||||
| Surplus/(Deficit) for the year |
24 769 | 10197 | ||||
| Total Comprehensive | Income forthe year | (244~79+ |
| IFor the Year Ended | 31s | tDecember, 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | ||||||
| FIXEDASSETS | ||||||
| Housing land and buildings |
(net ofdepreciation) | 9 | 438,035 | 439,948 | ||
| Investments | 10 | 4 400 | 4 541 | |||
| 442,435 | 444,489 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 1,030 | 907 | ||||
| Cash at Bank | 81766 | 82 929 | ||||
| 82,796 | 83,836 | |||||
| CURRENT LIABILITIES | ||||||
| Creditors: Amounts | falling due within | |||||
| onle year | 12 | ~40 756 | 13339 | |||
| NET CURRENT ASSETS | 42 040 | 70497 | ||||
| TQTAL ASSETSLESS | ||||||
| CURRENT LIASILXTIES | ~4~475 | 514986 | ||||
| Creditors. " Amounts | falling due | |||||
| after one year | 13 | (145,587) | (151,329) | |||
| NET ASSETS | ||||||
| CAPITAL AND RESERVES | ||||||
| Revenue Reserve | 15 | 338,888 | 363,657 |
| Note | Revenue | Revaluation | Total | ||
|---|---|---|---|---|---|
| Reserve | Reserve | ||||
| At 13anuary 2021 | 3~5460 | 353460 | |||
| Total Comprehensive | Income for 2021 | 10 197 | 10197 | ||
| At 31December 2021 | 363657 | 363657 | |||
| Total Comprehensive | Income for 2022 | ~74 769 | 24 769 | ||
| At 31December 2022 | 338888 | 338888 |
| The Charity employs |
no sta | ff. | |||
|---|---|---|---|---|---|
| 4.TURNOVER | 2022f | 2021 | |||
| Rent | 27,686 | 26,761 | |||
| Service Charge | 4,524 | 4,179 | |||
| Amortisation of Government |
Grants | 1026 | 1 026 | ||
| 33236 | 31966 | ||||
| 5. INTEREST RECEIVABLE | AND | OTHER INCOME | 2022 | 2021 | |
| Bank Interest | 274 | 13 | |||
| Investment Income |
0 | 119 | |||
| .132 | |||||
| 6.INTEREST PAYABLE | AND | SIMILAR CHARGES | 2022f | 2021 | |
| Housing Loan Interest |
|||||
| 7. SURPLUS ON ORDINARY | ACTIVITIES | 2022 | 2021 | ||
| BEFORE TAXATION | |||||
| This is stated after charging: | |||||
| Auditors Remuneration |
(including | VAT) | |||
| in their capacity as Auditors |
| 9. FIXED ASSETS | 2022 | 2021 | ||
| E | ||||
| HOUSING LAND AND BUILDINGS —Freehold |
||||
| Cost | ||||
| As at 31"December 2021 | 531,921 | 531,921 | ||
| Additions in year |
2,237 | |||
| Disposals in year |
(2,035) | |||
| As at 315' December | 2022 | 532 123 | 531 521 | |
| Depreciation As at 31"December |
2021 | 91,973 | 87,916 | |
| Charged in year |
'l,150 | 4,057 | ||
| Disposed in year |
(2,035) | |||
| As at 31"December | 2022 | |||
| Net Book Value | ||||
| At beginning of year |
L48 | 5~ 005 | ||
| At end of year | 035 | |||
| Land with an estimated | cost of E121,560 is not depreciated. | |||
| 10. INVESTMENTS | 2022f | 2021 | ||
| Other Investments | ||||
| At Valuation: | ||||
| NAA Common Investment |
Fund | |||
| As at 31"December 2021 | 4,541 | 4,166 | ||
| Revaluation As at 31" December 2022 |
~141 4~0 |
375 4~5 |
||
| At Cost | 2327 | ~2377 | ||
| Total | ||||
| At beginning of year |
'l,541 | 4,166 | ||
| At end of year | 9M% | |||
| At Cost |
| FOR THE YEAR ENDED 31 | STDECEMBER, 2 | 022 | ||||
|---|---|---|---|---|---|---|
| 11. Debtors | 2022 | 2021 | ||||
| E | ||||||
| Rent Arrears | 772 | 500 | ||||
| Prepayments and Accrued |
Income | 258 | 'l07 | |||
| 12.CREDITORS: Amounts within one year |
falling due | 2022f | 2021f | |||
| Trade Creditors | 0 | 4, 142 | ||||
| Rent Prepayments | 1,389 | 1,999 | ||||
| Housing Loans |
4,716 | 4,494 | ||||
| Accruals | 33,625 | 1,678 | ||||
| Government Grants |
2 026 | 2 026 | ||||
| 13.CREDITORS: Amounts falling due after more than one year |
2022f | 2021 E |
||||
| Government Grants |
103,667 | 104,693 | ||||
| Housing Loans |
~536 | |||||
| 14.SECURED LIABILITIES | ||||||
| 2022f | 2021f | |||||
| Housing Loans |
||||||
| The housing loan is secured by a legal charge Repayable by 31"March 2031, by instalments |
on the freehold property. at a rate of0.45% above |
It is base |
rate. | |||
| The housing loan falling due after more than |
one year falls due as follows:- | |||||
| 2022 f. |
2021f | |||||
| Between one and two years | 4,949 | 4,716 | ||||
| Between two and five years | 16,367 | 15,595 | ||||
| After more than five years | 20 604 | 26 325 | ||||
| 41 920 | 4~636 |
| 15.REVENUE RESERVES | 2022 | 2021 |
|---|---|---|
| Brought forward | 363,657 | 353,460 |
| Deficit for the year At 31"December 2022 |
~29 769 338888 |
10 197 ~7 |
| estments in current and earlier years as follows: |
|
|---|---|
| Totalf | |
| At 1"january 2022 |
4,541 |
| Investment Revaluation |
(141) |
| At 31"December 2022 |