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|CONTENTS|PAGE|
|---|---|
|CompanyInformation|3|
|Report of the Trustees(incorporatingthedirectors report)|4-8|
|Statement of Trustees'Responsibilities|I|
|IndependentExaminelsReport|10|
|StatementofFinancialActivities(incorporatingtheincomeand|1l|
|expenditureaccount)||
|Statement of FinancialPosition|72|
|StatementofCashFlows|13|
|Notestothe Financial Statements|,-4-21|
|DetailedIncome andExpenditure Account|22-24|
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|Trustees/Directors|A DRobinson(Chairman)|
|---|---|
||PCollins|
||CAWiId|
||VEFisher|
||SLPopplewell (appointed23November2023)|
||ChesterCityCouncilRepresentative:-none|
|Companysecretary|PCollins|
|Administrator|BAKnight|
|Company RegistrationNumber|007781,05|
|Charity Number|233470|
|RegisteredOfficeandPdncipal|3Queen's Park Road|
|Address|Handbridge|
||Chester|
||CH47AD|
|IndependentExaminers|UHYHackerYoung|
||CharteredAccountants &RegisteredAuditors|
||Stjohn'sChambers|
||Love Street|
||Chester|
||CH11QN|
|Solicitors|DTMLegalLLP|
||ArchwayHouse|
||StationRoad|
||Chester|
||CF{13DR|
|Bankers|LloydsBankplc.Chester|
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|||Bed|Insurance|Historical|Book value|
|---|---|---|---|---|---|
|||Spaces|Value|Cost|2023|
||||(Excluding|(Including||
||||land)|land)||
||||t|f,|E|
|3|QueensParkRoad,HandbridgeChester|12|1,1,39,654|693,438|391,130|
||||||391,130|
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||Note|2423|2022|
|---|---|---|---|
|||f,|c|
|INCOME||||
|Incomefromgeneratedfunds||||
|Voluntaryincome||1|338|
|Investmentincome|4|9,464|4,253|
|Incomefromcharitableactivities||||
|Residents services|2e|133,938|138,660|
|Realised (loss)lgainon investmentassets||802|(83)|
|AmortisationofSocialHousingCrant|15|L0,052|10,053|
|Gain on disposalofproperty|||547,068|
|Otherincome||91||
|Totalincome||153,948|660,289|
|EXPENDTTURE||||
|Expenditureoncharitable activities|5|173,342|195,296|
|Net income/(expenditure) before gains and||(19,394)|464,993|
|losses||||
|Netgain/(loss) oninvestmentassets|9|1L,849|(43,301)|
|Net income/(expenditure)andnet movementin||(7,545)|421,692|
|funds||||
|Unrestrictedincomefunds broughtforward||704,329|282,637|
|Unrestrictedincomefunds carriedforward||696,784|704,329|
|Allfundsareunrestricted.||||
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||Notes|2023||2022||
|---|---|---|---|---|---|
|||f|t|f,|E|
|FIXEDASSETS||||||
|Tangibleassets|8||4A6,877||424,473|
|Investments|9||313,439||295,757|
|TOTALFIXEDASSETS|||720,316||720,164|
|CUBRENTASSETS||||||
|Stocks|L0|580||580||
|Debtors|1L|4,863||958||
|Cashondeposit|12|268,474||294,059||
|Cash atbank andin hand||2,902||5,771||
|||276,819||301,368||
|CREDITORS: Amountsfallingduewithin||||||
|oneyear|L3|'1,8,940||(25,741)||
|NET CURRENTASSETS|||257,879||275,627|
|TOTALASSETSLESSCURRENT LIABILTTIES|||978,195||995,797|
|CREDITORS: Amountsfallingdueafter|1.4|||||
|oneyearr|||881,411)||(291,462)|
|NETASSETS|||696,784||704,329|
|FUNDS||||||
|Unrestrictedincomefunds||||||
|Designatedfunds|I"9|44,120||44,120||
|Unrestrictedincomefuuds||682,657||743,s09||
|Revaluationreserve -Investments||(30,003)||{43,300)||
|Totalunrestricted funds|||696,7U||704,329|
|TOTAL CHARITYFUNDS|20||696,784||704,329|
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||2023|2A22|
|---|---|---|
||t|L|
|Cashflows fromoperatingactivities
Net income/(expenditure)|0,m5)|421,692|
|Adjustmentsfor:|||
|Depreciationoftangible fixedassets|17,536|78,520|
|Net(gains))/losses on investments|(12,651\|43,384|
|Dividends,interest and rentsfrominvestments|(7,6481|(4,21,0)|
|Otherinterest receivable andsimilarincome|(1,416t|(43)|
|Amortisationofgrant|(10,052)|(10,053)|
|Gains on disposalof tangible fixedassets||(507,068)|
|Changesin:|||
|Trade andotherdebtors|(3,905)|3,479|
|Accruals|(6800)|4,481.|
|Cashgeneratedfrom operations|(32A87'|(2e,818)|
|lnterestrecei.r'ed|L,416|43|
|Netcashusedin operating activities|(31,065)|Q9,775)|
|Cashflows from investing activities|||
|Dividends,interest and rentsfrom investments|7,648|4,210|
|Proceedsfromsaleoftangibleassets||564,933|
|Purchasesofotherinvestments|(21,577'|(353,801)|
|Proceedsfromsaleof otherinvestments|13,140|1.17,273|
|Netcash(usedin)ffrominvesting activities|$291|332,615|
|Netincrease/(decrease)incashandcashequivalents|(31,89413A2,840||
|Cashandcashequivalentsatbeginningof year|332,582|
19,742|
|Cashandcashequivalentsat endofyear|290,688|322,582|
|Analysis ofcashandcashequivalents|||
|Cash atbank andin hand|2,902|5,771|
|Cashondeposit|268,474|294,A59|
|Cashheldwithininvestmentportfolio|19,31:L|))7q')|
||290,688|322,582|
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|GAIN/(DEFICIT)ONORDINARYACTIVITIES|||
|---|---|---|
||2023|2022|
||t|f,|
|Deficitonordinary activitiesbeforetaxationisarrivedatafter charging:|||
|Depreciation|17,536|18,520|
|Independentexaminer'sremuneration,includingvat|||
|Accountancy|4,5U|4,L20|
|Independent examination|1,200|1,100|
|INVESTMENT INCOME|||
||2022|202L|
||f,|f,|
|Bankinterest|1,416|43|
|Dividends(re-invested)|7,648|4,214|
||9,064|4,253|
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|EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||St:rtf|Deprec|Direct|0ther|2023|2422|
||costs|-iation|co$ts||Total|Total|
||fr|E|f,|f,|E|f,|
|Charitableactivities|||||||
|Residents services|80,280|77,536|50,602|19,1.40|167,558|19A,076|
|Governancecostg
Independent Examination||||5,7W|5,784|5,220|
|and accountancy|80,280|17,536|50,602|24,924|773,342|795,296|
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|EMPLOYEEINFORMATION|||
|---|---|---|
||2023|2022|
||t,|t|
|Wagesand salaries|79,480|80 689|
|Socialsecuritycosts||1A74|
|Pensioncosts|800|'l..,364|
||80,280|83,527|
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|The averagenumber ofstaff|employedby thecharity|duringthefinancialyear|amountedto|
|---|---|---|---|
|||2023|2422|
|||No.|No,|
|Housekeepers and assistants|Full time|'1.|2|
||Parttime|c|2|
|Administration|Parttime|2|2|
|||6|6|
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|YEA
8.TANGIBLEFIXEDASSETS|R ENDED30SEPT|EMBER2023||
|---|---|---|---|
|||Fixtures,fitfrngs||
||Freeholdp/operty|&Equipment|Total|
||f|f.|f,|
|COST||||
|AtLOctober2022|693,438|1L4,255|807,693|
|Additions||||
|Disposals||||
|At30September2023|693,438|114,255|807,693|
|DEPRECIATION||||
|Atl"October2022|288,709|94,571|383,280|
|Chargeforthe year|13,599|3,937|17,536|
|Eliminated ondisposal||||
|At30September2023|3W,308|98,508|400,816|
|NETBOOKVALUE||||
|At30September2023|39t,130|15,747|406,877|
|At30September2O22|404.729|L9,6M|424,413|
|9.FIXEDASSETINVESTMENTS||||
|||2023|2022|
|||E|E|
|Fixedassetinvestrrents||||
|UK Quoted investmentsatmarket|value|294.127|272,999|
|Cashheldaspart of investment||19,312|)) 1\)|
|||313,439|295,751|
|Movementinmarket value||||
|Marketvalue atlOctaber 2022||272,999|79,854|
|Disposalvalue||(12,298)|(117,355)|
|Acquisitionsatcost||21,577|353.801|
|UnrealisedgainI(loss)||I1,849|(43,301)|
|Marketvalueat 30September2023||294,127|272,999|
|Historicalcostat30September2023||324,129|316,299|
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|YEAR ENDED30SEPTEM|BER2023||
|---|---|---|
|10.STOCKS|||
||2023|2022|
||f,|f,|
|Stockofconsumables|580|580|
|11.DEBTORS:Amountsfallingduewithinoneyear|||
||2023|2022|
||f,|f,|
|Otherdebtors|4,863|958|
|L2.CURRENTASSETINVESTMENTS|||
||2023|2022|
||f.|t|
|Cashondeposit|268,474|294,059|
|13.CREDITORS:Amountsfallingduewithinoneyear|||
||2023|2022|
||t|f,|
|Deferred grantincome|10,052|10,053|
|Accruals|&888|15,688|
||18,940|25,741|
|14.CREDITORS:Amountsfallingdue afterone year|||
||2023|2022|
||f,|f,|
|Deferredgrantincome|28'1,41L|29'1.,462|
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|DEFERREDGRANT INCOME|||
|---|---|---|
||2023|2022|
||t,|f,|
|At1October2022|301,513|371,566|
|Releasedto incomeinthe year|(10,050)|(10,053)|
|At30September2023|291",463|301,513|
||2023|2022|
||t|f,|
|Amountstobe releasedwithinoneyear|10,052|10,053|
|Amountstobe releasedafteroneye€rr|281,411|29L,M4|
|At30Septembev2023|291",463|301,513|
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|ANALYSISOFCHANGEINNE|T DEBT|||
|---|---|---|---|
||At1||At30|
||o(*2022
f,|Cashflows
f|Sept2023
f|
|Unrestricted funds|299,ffio|Q8,454)|271,376|
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|'9.UNRESTRICTED FUND|S||||||
|---|---|---|---|---|---|---|
||Balanceat|||||Balanceat|
||1.October|||Gains||30September|
||2422
t|IncomingOutgoing
E
f,||(Losses)
E|f,
Transfer|2023
t|
|Unrestricteddesignatedfunds|||||||
|Future capital o