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|---|---|---|---|
|Board Report||||
|Independent<br>Auditor's|Report||2-4|
|Statement<br>of Comprehensive<br>Income||||
|(Including<br>Income S.|Expenditure|Account)||
|Balance Sheet||||
|Statement<br>of Changes|in Reserves|||
|Notes to the Financial|Statements||8 —12|





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|<br>for the year ended|p<br> (ncu<br> 31stDecember, 2022|ng<br>nco|e and|xpenditure<br>Ac|count)||
|---|---|---|---|---|---|---|
|||Note||2022|||
|Turnover||||33,236||31,966|
|Operating<br>Costs:|||||||
|Management<br>Services<br>Maintenance<br>Depredation<br>including|loss on disposal||(9,777)<br>(6,022)<br>(35,657)<br>~4150||(9,337)<br>(3,911)<br>(2,229)<br>~4057||
|||||$5~6~06||19534|
|Operating<br>Deficit||||(22,370)||12,432|
|Interest Receivable<br>and Other Income<br>Interest Payable and Similar Charges<br>Movement<br>on fair value ofInvestments||||274<br>(2,531)<br>~142||132<br>(2,742)<br>375|
|Deficit on ordinary|activities before taxation|7||(24,769)||ZO,ag7|
|Tax on surplus|||||||
|Surplus/(Deficit)<br>for the year||||24 769||10197|
|Total Comprehensive|Income forthe year|||(244~79+|||






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|IFor the Year Ended|31s|tDecember, 2022|||||
|---|---|---|---|---|---|---|
|||||2022|||
|FIXEDASSETS|||||||
|Housing<br>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|






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|||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|





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|The Charity<br>employs<br><br>|no sta|ff.||||
|---|---|---|---|---|---|
|4.TURNOVER||||2022f|2021|
|Rent||||27,686|26,761|
|Service Charge||||4,524|4,179|
|Amortisation<br>of Government||Grants||1026|1 026|
|||||33236|31966|
|5. INTEREST RECEIVABLE||AND|OTHER INCOME|2022|2021|
|Bank Interest||||274|13|
|Investment<br>Income||||0|119|
||||||.132|
|6.INTEREST PAYABLE|AND|SIMILAR CHARGES||2022f|2021|
|Housing<br>Loan Interest||||||
|7. SURPLUS ON ORDINARY||ACTIVITIES||2022|2021|
|BEFORE TAXATION||||||
|This is stated after charging:||||||
|Auditors<br>Remuneration|(including||VAT)|||
|in their capacity as Auditors||||||





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|---|---|---|---|---|
|9. FIXED ASSETS|||2022|2021|
|||||E|
|HOUSING<br>LAND AND BUILDINGS —Freehold|||||
|Cost|||||
|As at 31"December 2021|||531,921|531,921|
|Additions<br>in year|||2,237||
|Disposals<br>in year|||(2,035)||
|As at 315' December|2022||532 123|531 521|
|Depreciation<br>As at 31"December|2021||91,973|87,916|
|Charged<br>in year|||'l,150|4,057|
|Disposed<br>in year|||(2,035)||
|As at 31"December|2022||||
|Net Book Value|||||
|At beginning<br>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<br>Investment||Fund|||
|As at 31"December 2021|||4,541|4,166|
|Revaluation<br>As at 31" December 2022|||~141<br>4~0|375<br>4~5|
|At Cost|||2327|~2377|
|Total|||||
|At beginning<br>of year|||'l,541|4,166|
|At end of year||||9M%|
|At Cost|||||





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|FOR THE YEAR ENDED 31|STDECEMBER, 2|022|||||
|---|---|---|---|---|---|---|
|11. Debtors|||2022|||2021|
|||||||E|
|Rent Arrears|||772|||500|
|Prepayments<br>and Accrued|Income||258|||'l07|
|12.CREDITORS: Amounts<br>within one year|falling due||2022f|||2021f|
|Trade Creditors|||0|||4, 142|
|Rent Prepayments|||1,389|||1,999|
|Housing<br>Loans|||4,716|||4,494|
|Accruals|||33,625|||1,678|
|Government<br>Grants|||2 026|||2 026|
|13.CREDITORS: Amounts<br>falling due<br>after more than one year|||2022f|||2021<br>E|
|Government<br>Grants|||103,667||104,693||
|Housing<br>Loans||||||~536|
|14.SECURED LIABILITIES|||||||
||||2022f|||2021f|
|Housing<br>Loans|||||||
|The housing<br>loan is secured<br>by a legal charge <br>Repayable<br>by 31"March 2031, by instalments||on the freehold<br>property.<br>at a rate of0.45% above||It is<br> base||rate.|
|The housing<br>loan falling due after more than||one year falls due as follows:-|||||
||||2022<br>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||





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|15.REVENUE RESERVES|2022|2021|
|---|---|---|
|Brought forward|363,657|353,460|
|Deficit for the year<br>At 31"December 2022|~29 769<br>338888|10 197<br>~7|



|estments<br>in current and earlier years as follows:||
|---|---|
||Totalf|
|At 1"january<br>2022|4,541|
|Investment<br>Revaluation|(141)|
|At 31"December 2022||



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