This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2022-09-30-accounts
| CONTENTS |
PAGE |
| ComparryInformation |
J |
| Reportof the'Irustees (incorporatingthe directorsreport) |
4-8 |
| Statement of Trustees' Responsibilities |
9 |
| lndependentExaminer's Report |
10-11 |
| StatementofFinanciaiActivities(incorporatingtheincomeand |
12 |
| expenditureaccount) |
|
| Statement of FinancialPosition |
13 |
| Staten-rentofCashFlor,r,,s |
"1"4 |
| Notes to the Financial Statements |
15-22 |
| Detailedlncome andExpenditure Account |
23-25 |
| Trustees/Directors |
ADRobinson (Chairnran) |
|
I'Collins |
|
M Wild-resigned27January2022 |
|
CA Wilcl |
|
VE]risher |
|
ChesterCityCouncilRepresentative:-none |
| Companysecretary |
PCoilins |
| Administrator |
BA Knight |
| Company RegistrationNumber |
00778705 |
| Charity Number |
233470 |
| RegisteredOfficeandPrincipal |
3Queen's Park Road |
| Address |
Handbridge |
|
Chester |
|
CH{7AD |
| Independent Examiners |
UHYHackerYoung |
|
CharteredAccountantsctRegisteredAuditors |
|
St |
|
LoveStreet |
|
Chester |
|
cH11QN |
| Solicitors |
DTl\4 Legal LLP |
|
ArchwayHouse |
|
StationRoad |
|
Chester |
|
CHi3DR |
| Bankers |
LloydsBankplc.Chester |
|
|
Bed |
Insurance |
Historical |
Book value |
Book value |
|
|
Spaces |
Value |
Cost |
|
2022 |
|
|
|
(Excluding |
(Including |
|
|
|
|
|
land) |
land) |
|
|
|
|
|
f, |
f, |
|
f, |
| 3 |
QueensPark Road,Handbridge,Chester |
72 |
1,139,650 |
693,438 |
|
404,729 |
|
|
|
|
|
|
444,729 |
|
Note |
2422 |
2027 |
|
|
f, |
t, |
| INCOME |
|
|
|
| Incomefromgmeratedfunds |
|
|
|
| Voluntary income |
|
338 |
434 |
| Investment income |
4 |
4,253 |
2,074 |
| Incomefromcharitableactivities |
|
|
|
| Residentsservices |
2e |
738,66A |
176,371. |
| Realiged(loss)lgain oninvesffircntass€ts |
|
(83) |
1,255 |
| AmortisationofSocialtlousingGnt |
15 |
10,053 |
10,054 |
| Gain on dlsposal ofproperty |
|
507,069 |
|
| Total income |
|
660,289 |
190,lU |
| EXPENDITURE |
|
|
|
| Expenditureon charitableactivities |
5 |
(195,296) |
(233,59n |
| Net income/(expenditure) before gains and |
|
464,93 |
(43,413) |
| losses |
|
|
|
| Netgain/(loss) oninvestmentassets |
I |
(43,301) |
71,876 |
| Netelpenditureandnet movementinfunds |
|
..42t,692 |
(3t,537) |
| Unrestrictedincomefunds broughtforward |
|
282,637 |
314,174 |
| Unrestrictedincomefunds carriedforward |
|
744329 |
282,637 |
|
Notes |
20?2 |
|
2021 |
|
|
|
f, |
f, |
f, |
f |
| FIXEDASSETS |
|
|
|
|
|
| Tangibleassets |
8 |
|
424,413 |
|
500,796 |
| Investments |
9 |
|
295,751. |
|
85,827 |
| TOTALTIXEDASSETS |
|
|
t |
|
587,623 |
| CT'RRENT ASSETS |
|
|
|
|
|
| Stocks |
10 |
580 |
|
580 |
|
| Debtors |
11 |
958 |
|
4A37 |
|
| Cashondeposit |
12 |
294,A59 |
|
10,516 |
|
| Cash atbank andin hand |
|
5,77t |
|
2,2s,9 |
|
|
|
301,358 |
|
17,786 |
|
| CilEDITORS;Amountsfallingduewithin |
|
|
|
|
|
| oneyear |
13 |
(25,7411 |
|
(21,261) |
|
| NET CUARENTASSETS |
|
|
275,627 |
|
(3,475) |
| TOTATASSETSLESSCUBNENTLIABITITIES |
|
|
995,79L |
|
584,L48 |
| CREDITOftS:Amountsfailirgdueafter |
t4 |
|
|
|
|
| one year |
|
|
(291,,462) |
|
(301,511) |
| NET A$SXTS |
|
|
704,329 |
|
282,637 |
| rUNDS |
|
|
|
|
|
| Unrestrictedinmme funde |
|
|
|
|
|
| Designatedfunds |
L9 |
44,120 |
|
M,120 |
|
| Unrestrictedirrcomefunds |
|
703,549 |
|
222,465 |
|
| Revaluationresrve-Investments |
|
(43,300) |
|
't6,452 |
|
| Total unrestricted funds |
|
|
7A4329 |
|
292,637 |
|
|
|
|
|
:- |
| TOTAT CHARITYFUNDS |
20 |
|
704,ry |
|
282,637 |
|
2022 |
2021, |
|
E |
E |
C-ashflows fromoperatingactivities
Net income/(expenditure) |
tyrl,6r2 |
{31,537) |
| AdjustmentsJar: |
|
|
| Depreciationoftangible fixedassets |
1&520 |
73,275 |
| Net(losses)/gainsoninvestments |
43,3M |
(13,131) |
| Dividends,interest and rentsfrom investments |
(4,2101 |
Q,MgI |
| Otherinterest receivable andsimilarincome |
(43) |
(1) |
| Gains on disposal oftangible fixedassets |
(soz06E) |
|
| Changesin: |
|
|
| Tiadeand otherdebtors |
3,479 |
(3,106) |
| Trade and othercreditors |
(100s3) |
(10,054) |
| Accruals |
4,481 |
(x830) |
| Cashgeneratedfromoperations |
(29,818) |
(40,453) |
| Interest received |
43 |
1 |
| Netcashusedin operating activities |
(29,7751 |
(40,452) |
| Cashflcwa from investing activitiee |
|
|
| Dividends,interest and rentsfrom invesknents |
n,r: |
2,059 |
| Purchaseof tangibleassets |
|
(1,450) |
| Proceedsfromsaleof tangibleassets |
564,932 |
|
| Purdrases ofotherinvestrnents |
(353,801) |
$3,A6) |
Proceedsfromsaleofotherinvestnaents
Changeincashelementofinveakn€ntsheld |
117,273
IlsIrst |
73,557w |
| Netcash(usedioyfrominvesting activities |
316836 |
,9,U52 |
| Netincreaee/(decreaselincaehandcaehequivalentr |
287,ffi |
|
| Cash and carhequivater*satbcginningolyear |
1176, |
w |
| Cashandcaehequivalmtsat€ndofyear{note18} |
299,830 |
12,769 |
| GAIN/(DEFICIT)ONORDINARYACTIVITIES |
|
|
|
|
|
2022 |
2021 |
|
|
t |
f, |
| Deficitonordinary activitiesbeforetaxationisarrivedatafter charging: |
|
|
|
| Depreciation |
|
18,520 |
23,275 |
| lndependentexaminer'sremuneration,includingvat |
|
|
|
| Accountancy |
|
4,120 |
4,030 |
| Inclependentexamination |
|
1,100 |
1,010 |
| INVESTMENT INCOME |
|
|
|
|
2A22 |
|
2021 |
|
E |
|
t |
| Bank interest |
+i |
|
7 |
| L)ividends (re-invested) |
4,210 |
2,469 |
|
|
4,253 |
)o)) |
|
| EXPENDITURE |
|
|
|
|
|
|
|
Staff |
Deprec |
Direct |
Other |
2022 |
2021 |
|
costs |
-iation |
costs |
|
Total |
Total |
|
f, |
f |
f" |
t |
t |
f, |
| Charitableactivities |
|
|
|
|
|
|
| Ilesidentsservices |
83,527 |
18,520 |
70,380 |
17,649 |
190,076 |
228,557 |
| Governancecosts |
|
|
|
|
|
|
| Independent Examination |
|
|
|
1,220 |
3,220 |
5,{)+0 |
| and accountancy |
|
|
|
|
|
|
|
83,527 |
18,520 |
70,380 |
22,869 |
19s,295 |
233,597 |
| EMPLOYEEINFORMATION |
|
|
|
2422 |
2021 |
|
f, |
f. |
| Wagesandsalaries |
80,689 |
93,093 |
| Socialsecuritvcosts |
1,474 |
2,542 |
| Pensioncosts |
1,364 |
1,428 |
|
83,527 |
97,063 |
| The averagenurnber ofsta{f |
emplorredb-vthe cl'rarity |
dr-rring thefinancialyear |
amountedt |
|
|
2022 |
2021 |
|
|
No. |
No. |
| llousekeepers and assistants |
Full time |
2 |
2 |
|
Parttime |
2 |
6 |
| Administration |
Parttime |
2 |
2 |
|
|
6 |
1t) |
YEA
8.TANGIBLEFIXEDASSETS |
R ENDED30SEPT |
EMBEr(aOZZ |
|
|
|
Fixtures,fittings |
|
|
Freeholdproperty |
&Equipment |
TotaI |
|
f, |
f. |
{. |
| COST |
|
|
|
| At1October2021 |
775,506 |
1.72,428 |
947,934 |
| Additions |
|
|
|
| Disposals |
(82,068) |
(58,173) |
{140,241) |
| At30September20?Z |
693,438 |
11L)\ |
807,593 |
| DEPRECIATION |
|
|
|
| AttrOctober2021 |
307,052 |
r40,08-5 |
,147,131 |
| Chargefortheyear |
13,599 |
4q)1 |
18,520 |
| Redisposals |
(l1.e42) |
(50,435) |
(82,377) |
| At30September2022 |
288,749 |
91.571 |
383,280 |
| NETBOOKVALUE |
|
|
|
| At30September}0l2 |
404,729 |
19,684 |
424,473 |
| At30September2021 |
468,454 |
32,343 |
500,796 |
| 9.FIXEDASSETINVESTMENTS |
|
|
|
|
|
2022 |
202"!. |
|
|
f, |
f |
| Fixedassetinvestments |
|
|
|
| UKQr,rotedinvestmentsatmarket |
value |
272,999 |
19.854 |
| Cashheldaspartofinvestrnent |
|
))75) |
6.973 |
|
|
?q57iI |
86,827 |
| Movementinmarket value |
|
|
|
| Marketvalue at1October2021 |
|
79,8-54 |
95,803 |
| Disposal value |
|
(1r7.355) |
(72,301) |
| Acquisitionsat cost |
|
3,53,801 |
43,476 |
| Unrealised(loss)/gain |
|
(43,30r) |
11,876 |
| Marketvalueat30September2022 |
|
?77qqq |
79,854 |
| Historicalcost at 30September2022 |
|
316.299 |
$.4A2 |
|
YEAR ENDED30SEPTEMBER |
2022 |
|
| 1.0. |
STOCKS |
|
|
|
|
2022 |
2021 |
|
|
f. |
f, |
|
Stockofconsurnables |
580 |
580 |
| 1..1.. |
DEBTORS:Amountsfallingduewithinoneyear |
|
|
|
|
2022 |
2021 |
|
|
f |
f, |
|
(ltherdebtors |
958 |
+,4J/ |
| 12. |
CURRENTASSETINVESTMENTS |
|
|
|
|
2022 |
2t21 |
|
|
c |
f, |
|
Cashondeposit |
294,059 |
10,516 |
| L3. |
CREDITORS:Amountsfallingduewithinone year |
|
|
|
|
2422 |
2021 |
|
|
c |
f |
|
Deferredp;rantincome |
10,053 |
10,054 |
|
Accruals |
15,68E |
11,247 |
|
|
25,741 |
21,261 |
| 14. |
CREDITORS:Amountsfallingdueafteroneyear |
|
|
|
|
2022 |
202] |
|
|
f. |
s |
|
Deferred grantincome |
291,462 |
301,511 |
| DEFERREDGRANT INCOME |
|
|
|
2022 |
2021 |
|
f |
f, |
| At1October2021 |
311,566 |
321,620 |
| Releasedto incomeintheyear |
(10,053) |
(10,054) |
| At30September2022 |
301,513 |
311,566 |
|
2022 |
2021 |
|
f, |
f |
| Amountstobereleasedwithinoneyear |
10,053 |
10,055 |
| Arnountstobereleased afteroneyear |
291,460 |
301,511 |
| At30September2022 |
301,513 |
371,566 |
|
At1 |
|
At30 |
|
Oct2021 |
Cashflows |
Sept2022 |
|
f. |
f. |
f. |
| Unrestricted funds |
72,769 |
297,067 |
299,830 |
|
Balanceat |
|
|
|
|
|
Balance at |
|
1October |
|
|
Gains |
|
|
30September |
|
2021 |
IncomingOutgoing |
|
(Losses) |
Transfer |
|
2022 |
|
E |
f. |
f |
t |
|
f. |
f, |
| Unrestricteddesignatedfunds |
|
|
|
|
|
|
|
| Futurc.capital expenditure |
9,120 |
|
|
|
|
|
9,720 |
| Ftrture nrajor repairs |
35,000 |
|
|
|
|
|
35,000 |
Unrestricted-designated
Unrestrictedinr-'ome-generai |
44,724
722,065 |
660,289(795,296)(43,301) |
|
|
|
59,752 |
44,124
703,509 |
| fund |
|
|
|
|
|
|
|
| Revaluationreserve- |
76,452 |
|
|
|
|
(59,752) |
(43,300) |
| Investnrents |
|
|
|
|
|
|
|
|
282,637660,289(795,296)(13,301) |
|
|
|
|
|
704,329 |
|
Tangible |
|
Other |
|
|
Fixedassets |
Investments |
I\ietassets |
Total |
|
E |
f, |
f. |
f, |
| Unrestricted funds |
I??RgR |
295,757 |
285,680 |
704,329 |
|
2022 |
2A2l |
|
f, |
f |
| Incomefrom residentiaicharges: |
|
|
| Potential residentialincome |
r81,983 |
261,735 |
| Lossesarising fronrvacanciesetc. |
(4s.323) |
(85,364) |
| lncomc. received |
138,660 |
176,371. |
| Expenditure |
|
|
| Househol<1expenditure: |
|
|
| Staffcosts |
60,58,5 |
72,088 |
| Food |
t1.361 |
13,6,51 |
| Other housekeeping |
2.38,+ |
3.545 |
| Agencvcleaners |
7.122 |
t1.572 |
|
8l,458 |
i08.8s6 |
| Repairs |
18.342 |
13.066 |
| Alarmrentalandmaintenancc. |
16.069 |
15,r62 |
|
34,411 |
28,228 |
| Ratesandwatercharges |
5.005 |
5.537 |
| Ligl-rtandheat |
8,613 |
I5.3l7 |
| Depreciationoffixtures, fittingsandequipment |
4.921 |
8.085 |
| Depreciatiorrofbuild ings |
13,599 |
15,190 |
| Telephor-reand TV |
r.478 |
t,914 |
|
33,6r6 |
46"043 |
| Totaldirect expenditure |
149,485 |
778,127 |
| Managementexpenses: |
|
|
| Staffcostsadntinistration |
22.942 |
24.915 |
| Advertising |
5t1l |
5,798 |
| Insurance |
2.570 |
5.3t2 |
| Administrationand sundries |
3,s33 |
6,759 |
| Firesurveyar-rdotherfees |
300 |
300 |
| Affiliationfees |
3,870 |
6,385 |
| Independent exarninationand Accountancyfees |
<llfr |
5,040 |
| lnvestmentcharges |
i,902 |
90r |
|
45,811 |
55,470 |
| Totalexpenditure |
195,296 |
233,591 |
| Deficitcarr:ied for..vard |
(56.636) |
(s1.226| |
| YEAR ENDED30SEPTEM |
BER2022 |
|
|
2422 |
2021 |
|
t |
f, |
| Deficit broughtfonvard |
(56,636) |
(s7,226) |
| Donations-general |
338 |
435 |
| Operatingdeficit |
(56,298) |
(55,791) |
| Other Income |
|
|
| Bankir-rterest |
+-1 |
1 |
| Dividends(re-invested) |
4,270 |
2,069 |
| AmortisationofSocialHousing Grant |
10,053 |
10,054 |
| Gain on disposal ofChristietonproperty |
502068 |
|
|
521,374 |
12,724 |
| Gainl(deficit) foryear before realised/ unrealised(loss)/ |
465,476 |
(44,667) |
| gain on investments |
|
|
| Real-ised(loss)/gain on investments |
(83) |
1,255 |
| Cain/(deficit) foryearbeforeunrealisedgain |
464,993 |
(43,412) |
| on investments,asper Income& Expenditure Account |
|
|
| Unrealised(1oss)/gainon investments |
(43,301) |
11,876 |
| Net expenditure foryear,asper SOFA |
421.692 |
(31,537) |
| Unrestrictedincomefunds brought fornard |
282.631 |
314,112 |
| Unrestrictedincomefunds carriedforlvard |
101.329 |
282,63',7 |