## ## |||Page| |---|---|---| |Trustees'
Annual
Report||1 lo 3| |Accountants'|Report|| |Statement of|Comprehensive
Income|| |Statement of|Financial
Position|| |Statement of|Changes
in Reserves|| |Statement of|Cash Flows|| |Notes to the|Financial Statements|9to 12| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Notes|2023
6|2022f| |---|---|---|---|---|---|---|---| |Turnover||||||251,549|257,394| |Operating
expenditure||||||(247,591)|(204,878)| |Operating
surplus||||||3,958|52,516| |Investment
Income||||||7,824|6,614| |Interest and financing
costs|||||||| |Movement
in fair value offinancial||instruments||||(27,273)|2,987| |Total comprehensive
(deficit) Isurplus|||for|the year||(15,491)|62,117| |Brought forward
Income and|Expenditure|||Reserve||1,200,995|1,130,598| |Transfer from Extraordinary|Repair|Reserve|||||| |Transfer from Revaluation
Reserve||||||4,140|8,280| |Carried forward
income and|Expenditure|||Reserve||1,189,644|1,200,995| ## ## |||ST|ATEMENT OF FINANCIAL
POSITION|ATEMENT OF FINANCIAL
POSITION|| |---|---|---|---|---|---| ||||AS AT 31 INARCH 2023||| ||||Notes|2023|2022| ||||||E| |Fixed assets|||||| |Tangible
fixed assets||||1,237,737|1,232,476| |Investments||||289,469|315,853| |||||1,527,206|1,548,329| |Current assets|||||| |Trade and other debtors||||7,322|3,849| |Cash and cash equivalents||||340,688|337,034| |Creditors: amounts|falling|due|||| |within one year|||10|(12,399)|(10,904)| |Net current assets||||335,611|329,979| |Total assets less current liabilities||||1,862,817|1,878,308| |Total net assets||||1,862,817|1,878,308| |Reserves|||||| |Income and Expenditure||Reserve||1,189,644|1,200,995| |Extraordinary
Repair Reserve||||48,600|48,600| |Revaluation
Reserve||||624,573|628,713| |||||1,862,817|1,878,308| ## ## ||||Income and|Extraordinary||| |---|---|---|---|---|---|---| ||||expenditure|repair|Revaluation|Total| ||||reserve|reserve|reserve|reserves| |||||6|6|6| |As at 1 April 2022|||1,200,995|48,600|628,713|1,878,308| |Deficit from Statement||of|(15,491)|||(15,491)| |Comprehensive|Income|||||| |Transfer|||4,140||(4,140)|| |As at 31 March|2023||1,189,644|48,600|624,573|1,862,817| ## ## |||||2023|2022| |---|---|---|---|---|---| ||||||6| |Net cash generated|from operating|activities|||| |(see Note 1)||||31,620|71,579| |Cash flow from investing
activities|||||| |Purchase oftangible|fixed assets|||(27,096)|(15,816)| |Purchase of investments||||(26,003)|(77,352)| |Sale of investments||||25,133|54,865| |Net change
in cash|and cash equivalents|||3,654|33,276| |Cash and cash equivalents
at beginning|||ofthe year|337,034|303,758| |Cash and cash equivalents
at end||ofyear||340,688|337,034| |Note 1|||||| |Cash flow from operating
activities|||||| |(Deficit) / Surplus for|the year|||(15,491)|62,117| |Unrealised
loss in market value of investments||||24,291|1,696| |Depreciation
charges||||21,835|17,362| |(Loss)/Profit
on sale offixed asset investments||||2,963|(4,683)| |(Increase)
/ Decrease|in trade and other debtors|||(3,473)|429| |Increase
/ (decrease)|in trade and other creditors|||1,495|(5,342)| |Cash generated
from|operations|||31,620|71,579| ## ## ## ## ## ## ## ## ## ## ||||FOR THE|YEAR ENDED|31 MARCH 2023|| |---|---|---|---|---|---|---| |4|Turnover|||||| ||Turnover
is derived
from||||2023f|2022
F| ||Contributions||||235,529|241,474| ||Rental income||||16,020|10,920| ||Donations
and legacies|||||5,000| ||||||251,549|257,394| ||Voids for the year amounted|to|||64,349|46,000| |5|Investment
income|||||| ||||||2023|2022| ||||||6|E| ||Dividends
received||||7,516|6,490| ||Interest received||||308|124| ||||||7,824|6,614| |6|Staff costs|||||| ||Staff costs were as follows:|||||| ||||||2023|2022| ||||||6|6| ||Wages and salaries||||58,141|55,217| ||Pension costs||||1,675|1,615| ||Social Security costs|||||| ||||||59,816|56,832| ||The average number of full-time||equivalent|staff employed|by the charity was as follows:|| ||Administration|||||| ||Warden
support|||||| ||Estate|||||| ## ## ## |Administration|Administration| |---|---| |Warden|support| |Estate|| ## ## |7
Tangible Fixed Assets||||||||| |---|---|---|---|---|---|---|---|---| ||||||Plant and||Housing|| ||||||Equipment|Properties||Total| ||||||6||F|E| |Cost Irevaluation:||||||||| |As at 31 March 2022|||||33,519||1,250,000|1,283,519| |Additions|||||27,096|||27,096| |Disposals||||||||| |As at 31 March 2023|||||60,615||1,250,000|1,310,615| |Depreciation:||||||||| |As at 31 March 2022|||||18,243||32,800|51,043| |Charge for the year|||||5,435||16,400|21,835| |As at 31 March 2023|||||23,678||49,200|72,878| |Net book value:||||||||| |At 31 March 2023|||||36,937||1,200,800|1,237,737| |At 31 March 2022|||||15,276||1,217,200|1,232,476| |Housing
Properties were valued based on the|||existing use, occupation,
and|||covenants
on 3||August 2017 by| |the Board, supported
by a chartered||surveyor.|The land and||building
content|of|the valuation|was 6430,000| |and 6820,000 respectively.||||||||| |Ifthe Housing
Properties|had not been revalued,|||they would|have been included||in the Balance Sheet at the|| |following
histoncal cost —2023:6613,007(2022:||||f613,007).||||| ## ## ## |8|Investments|Investments|||| |---|---|---|---|---|---| |||||2023|2022| |||||E|E| ||UK based|investments
(listed)|||| ||Market value||at 1 April 2022|315,853|290,379| ||Additions|||26,003|77,352| ||Equalisations
and adjustments
Disposals (proceeds f25,133,realised loss E2,982)|||19
(28,115)|(50,182)| ||Unrealised|loss in market value||(24,291)|(1,696)| ||Market value||at 31 March 2023|289,469|315,853| ||Historical|cost at 31 March 2023||285,562|284,578| |9|Debtors||||| |||||2023|2022| |||||8|E| ||Other debtors|||7,322|3,849| |||||7,322|3,849| |10|Creditors:|amounts
falling due within one year|||| |||||2023|2022| |||||E|E| ||Creditors|and|accruals|12,399|10,904| |||||12,399|10,904| ## ## ## |||||2023||2022|| |---|---|---|---|---|---|---|---| |Income|||||||| |Contributions||||235,529|||241,474| |Rental income||||16,020|||10,920| |Donations
and legacies|||||||5,000| |||||251,549|||257,394| |Less overheads|||||||| |Salaries and wages||||58,141|55,217||| |Social security costs|||||||| |Pension scheme contributions||||1,675|1,615||| |Mobile warden||||15,620|14,761||| |Telephone||||1,451|1,320||| |Grounds||||10,020|5,622||| |Council tax and water rates||||20,680|20,908||| |Heating
and lighting||||38,667|37,629||| |Repairs and renewals||||29,904|26,101||| |Borehole Investigation||||16,362|||| |Insurance||||5,986|5,576||| |Sundries||||14,571|6,858||| |Warden
call system||||2,478|1,756||| |Legal and professional||fees||6,184|6,267||| |Bookkeeping etc.||||1,923|1,892||| |Reporting
accountants'||remuneration||2,094|1,994||| |Depreciation||||21,835|17,362||| |||||247,591|||204,878| |Net operating
surplus|for|the year||3,958|||52,516| |Other income|||||||| |Bank deposit interest|||308||124||| |Dividends|||7,516||6,490||| |Profit on sale offixed asset investments|||||4,683||| |||||7,824|||11,297| |Other Expenses|||||||| |Loss on sale offixed asset investments||||(2,982)|||| |Net surplus
for the year||||8,800|||63,813| |Change
in market value|of|investments||(24,291)|||(1,696)| |Overall (deficit)i surplus
for the year||||(15,491)|||62,117| |This page does not form|part ofthe Statutory||Accounts.|||||