# 



## 

## 

## 

|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|ohn'sChambers|
||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<br>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<br>Changeincashelementofinveakn€ntsheld|117,273<br>IlsIrst|73,557w|
|Netcash(usedioyfrominvesting activities|316836|,9,U52|
|Netincreaee/(decreaselincaehandcaehequivalentr|287,ffi||(11,000)|
|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|<br>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<br>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<br>Unrestrictedinr-'ome-generai|44,724<br>722,065|660,289(795,296)(43,301)||||<br>59,752|44,124<br>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|