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2024-09-30-accounts
| CONTENTS |
|
PAGE |
| CompanyInformation |
|
3 |
| Report of the Trustees(incorporating |
the directorsreport) |
4-8 |
| Statement of Trustees' Responsibilities |
|
9 |
| IndependentExaminer's Report |
|
10 |
| StatementofFinancial Activities |
(incorporatingtheincomeand |
11" |
| expenditureaccount) |
|
|
| Statement of FinancialPosition |
|
t2 |
| Statement ofCashFlows |
|
13 |
| Notes to the Financial Statements |
|
't4-21 |
| Trustees/Directors |
A DRobinson(resigned6lune2024) |
|
PCollins |
|
cAwild |
|
VEFisher |
|
SL Popplewell (appointed23November2023) |
|
FMKTyrie (appointed2LNovember2024) |
|
ChesterCityCouncilRepresentative:-none |
| Companysecretary |
PCollins |
| Administrator |
BA Knight |
| Company RegistrationNumber |
00778705 |
| Charity Number |
233470 |
| RegisteredOfficeandPrincipal |
3Queen's Park Road |
| Address |
Handbridge |
|
Chester |
|
Cr{47AD |
| Independent Examiners |
UHY HackerYoung |
|
CharteredAccountants |
|
4ftFloor, MerchantsHouse |
|
CrookStreet |
|
Chester |
|
CH12BE |
| Solicitors |
DTMLegalLLP |
|
ArchwayHouse |
|
Station Road |
|
Chester |
|
CH13DR |
| Bankers |
LloydsBankplc.Chester |
| h |
eTrustees arenotawareofanysignificantch |
anges sincethis valuation. |
anges sincethis valuation. |
|
|
|
|
BedInsurance |
|
Historical |
Book value |
|
|
Spaces |
Value |
Cost |
2024 |
|
|
(Excluding |
|
(Including |
|
|
|
|
land) |
land) |
|
|
|
|
f, |
t, |
f, |
| 3 |
QueensParkRoad,Handbridge,Chester |
1,2 |
7,739,650 |
693,438 |
377,537 |
|
|
|
|
|
377,537 |
|
Note |
2024 |
2023 |
|
|
f, |
f, |
| INCOME |
|
|
|
| Incomefromgeneratedfunds |
|
|
|
| Voluntaryincome |
|
20 |
1. |
| Investmentincome |
4 |
12,327 |
9,064 |
| Incomefromcharitableactivities |
|
|
|
| Residents services |
2e |
180,597 |
1,33,938 |
| Realised (loss)/gain oninvestmentassets |
|
'1,,341 |
802 |
| AmortisationofSocialHousing Grant |
L5 |
10,051 |
'1,0,052 |
| Gain on disposal ofproperty |
|
|
|
| Otherincome |
|
485 |
91 |
| Totalincome |
|
204,822 |
753,948 |
| EXPENDITURE |
|
|
|
| Expenditureon charitableactivities |
5 |
217,395 |
173,342 |
| Net income/(expenditure) beforegainsand |
|
(12,573) |
(19,394) |
| losses |
|
|
|
| Netgain/(loss) oninvestmentassets |
9 |
36,128 |
11,849 |
| Net income/(expenditure)andnet movementin |
|
23,555 |
(7,545) |
| funds |
|
|
|
| Unrestrictedincomefunds broughtforward |
|
696,784 |
704,329 |
| Unrestrictedincomefunds carriedforward |
|
720,339 |
696,784 |
| Allfundsareunrestricted. |
|
|
|
|
Notes |
2024 |
|
2023 |
|
|
|
t |
E |
E |
f, |
| FIXEDASSETS |
|
|
|
|
|
| Tangibleassets |
8 |
|
390,129 |
|
406,877 |
| Investments |
I |
|
357,317 |
|
313,439 |
| TOTALFIXEDASSETS |
|
|
747,446 |
|
720,316 |
| CURRENTASSETS |
|
|
|
|
|
| Stocks |
10 |
580 |
|
580 |
|
| Debtors |
11. |
1,510 |
|
4,863 |
|
| Cashondeposit |
12 |
245,917 |
|
268,474 |
|
| Cash atbankandin hand |
|
L7,439 |
|
2,902 |
|
|
|
265,446 |
|
276,819 |
|
| CREDITORS: Amountsfallingduewithin |
|
|
|
|
|
| oneyear |
13 |
21,192 |
|
'18,940 |
|
| NET CURRENTASSETS |
|
|
244,254 |
|
257,879 |
| TOTALASSETS LESSCURRENTLIABILITIES |
|
|
99L,670 |
|
978,195 |
| CREDITORS: Amountsfallingdueafter |
'1.4 |
|
|
|
|
| oneyear |
|
|
(271,,361) |
|
(281,,41,1) |
| NETASSETS |
|
|
720,339 |
|
696,784 |
| FUNDS |
|
|
|
|
|
| Unrestrictedincomefunds |
|
|
|
|
|
| Designatedfunds |
19 |
44,120 |
|
44,120 |
|
| Unrestrictedincomefunds |
|
669,792 |
|
682,667 |
|
| Revaluationreserve -Investments |
|
6,427 |
|
(30,003) |
|
| Totalunrestricted funds |
|
|
720,339 |
|
696,784 |
| TOTAT CHARITYFUNDS |
20 |
|
720,339 |
|
696,784 |
|
2024 |
2023 |
|
f |
f. |
| Cashflows fromoperatingactivities |
|
|
| Net income/(expenditure) |
23,555 |
(7,545) |
| Adjustmentsfor: |
|
|
| Depreciationoftangible fixedassets |
'1,6,748 |
17,536 |
| Net(gains))/losses oninvestments |
(37,469) |
(12,651) |
| Dividends,interest and rentsfrom investments |
(8,885) |
(7,648) |
| Otherinterest receivable andsimilarincome |
(3,442) |
(1,41.6) |
| Amortisationofgrant |
(10,051) |
(10,052) |
| Gains on disposal oftangible fixedassets |
|
|
| Changesin: |
|
|
| Trade andotherdebtors |
3,354 |
(3,905) |
| Accruals |
2,252 |
(6,800) |
| Cashgeneratedfromoperations |
(13,938) |
(32,481) |
| Interest received |
3,442 |
1,41,6 |
| Netcashusedin operating activities |
(10,496) |
(31,065) |
| Cashflows from investing activities |
|
|
| Dividends,interest and rentsfrominvestments |
8,885 |
7,648 |
| Proceedsfromsaleoftangibleassets |
|
|
| Purchasesof otherinvestments |
(37,771) |
(2L,577) |
| Proceedsfromsaleofotherinvestments |
21,373 |
13,100 |
| Netcash(usedin)/frominvesting activities |
(7,513) |
(82e) |
| Netincrease/(decrease)incashandcashequivalents |
(18,009) |
(31,894) |
| Cashandcashequivalentsatbeginningof year |
290,688 |
332,582 |
| Cashandcashequivalentsat endof year |
272,679 |
290,688 |
| Analysis ofcashandcashequivalents |
|
|
| Cash atbankandin hand |
17,439 |
2,902 |
| Cashondeposit |
245,917 |
268,474 |
| Cashheldwithininvestmentportfolio |
9,323 |
19,312 |
|
272,679 |
290,688 |
| GAIN/(DEFICIT) ON ORDINARY ACTIVITIES |
|
|
|
2024 |
2023 |
|
t |
t |
| Deficitonordinaryactivitiesbeforetaxationisarrivedataftercharging: |
|
|
| Depreciation |
1.6,748 |
17,536 |
| Independentexaminer'sremuneration,including vat |
|
|
| Accountanry |
5,194 |
4,584 |
| Independent examination |
1,200 |
1,200 |
| INVESTMENT INCOME |
|
|
|
2024 |
2023 |
|
t, |
t |
| Bank interest |
3,442 |
1,416 |
| Dividends(re-invested) |
8,885 |
7,648 |
|
12,327 |
9,064 |
| EXPENDITURE |
|
|
|
|
|
|
|
Staff |
Deprec |
Direct |
Other |
2024 |
2023 |
|
costst |
-iation
t |
costs
f. |
f, |
Total
t |
Total
f, |
| Charitableactivities |
|
|
|
|
|
|
| Residentsservices |
98,996 |
16,748 |
75,3U |
19,975 |
211.,001 |
167,559 |
| Governancecosts |
|
|
|
|
|
|
| Independent Examination |
|
|
|
6,394 |
6,394 |
5,784 |
| and accountancy |
|
|
|
|
|
|
|
98,996 |
16,748 |
75,382 |
24,837 |
217,395 |
173,342 |
| EMPLOYEEINFORMATION |
|
|
|
2024 |
2023 |
|
t |
E |
| Wagesandsalaries |
97,740 |
79,480 |
| Socialsecuritycosts |
|
|
| Pensioncosts |
1,256 |
800 |
|
98,996 |
80,280 |
| The averagenumberof staff |
employedbythecharity |
duringthefinancialyear |
amountedt |
|
|
2024 |
2023 |
|
|
No. |
No. |
| Housekeepers and assistants |
Full time |
1. |
L |
|
Parttime |
3 |
J |
| Administration |
Parttime |
2 |
2 |
|
|
6 |
6 |
| 8. |
YEAR
TANGIBLEFIXEDASSETS |
ENDED30SEPT |
EMBER2024 |
|
|
|
|
Fixtures,fittings |
|
|
|
Freeholdproperty
f |
&Equipment
t |
Total
f |
|
COST |
|
|
|
|
At 1October2023 |
693,438 |
114,255 |
807,693 |
|
Additions |
|
|
|
|
Disposals |
|
|
|
|
At30September2024 |
693,439 |
LL4,255 |
807,693 |
|
DEPRECIATION |
|
|
|
|
At1October2023 |
302,308 |
98,508 |
400,816 |
|
Chargefortheyear |
13,599 |
3,1.49 |
16,748 |
|
Eliminatedon disposal |
|
|
|
|
At30September2024 |
315,907 |
101,657 |
417,564 |
|
NETBOOKVALUE |
|
|
|
|
At30September2024 |
377,531 |
12,591 |
390,129 |
|
At30September2023 |
391,130 |
15,747 |
406,877 |
| 9. |
FIXEDASSETINVESTMENTS |
|
|
|
|
|
|
2024 |
2023 |
|
|
|
t |
f, |
|
Fixedassetinvestments |
|
|
|
|
UKQuotedinvestmentsatmarket value |
|
347,994 |
294,127 |
|
Cashheldaspartofinvestment |
|
9,323 |
19,312 |
|
|
|
357,317 |
313,439 |
|
Movementinmarket value |
|
|
|
|
Market valueat'1.October2023 |
|
294,127 |
272,999 |
|
Disposalvalue |
|
Q0,032) |
(12,298) |
|
Acquisitionsatcost |
|
37,772 |
21,577 |
|
Unrealisedgain/(loss) |
|
36,129 |
11,849 |
|
Marketvalueat 30 September2024 |
|
347,995 |
294,127 |
|
Historicalcost at30Septembet2024 |
|
341,568 |
324,129 |
| 1,0.STOCKS |
|
|
|
2024 |
2023 |
|
f, |
f, |
| Stockof consumables |
580 |
580 |
| 1.'1..DEBTORS:Amountsfallingduewithinoneyear |
|
|
|
2024 |
2023 |
|
E |
f, |
| Otherdebtors |
1,510 |
4,863 |
| 12.CURRENTASSETINVESTMENTS |
|
|
|
2024 |
2023 |
|
t |
f |
| Cashondeposit |
245,917 |
268,474 |
| 13.CREDITORS:Amountsfallingduewithinoneyear |
|
|
|
2024 |
2023 |
|
f, |
f, |
| Deferred grantincome |
10,051 |
1,0,052 |
| Accruals |
17,147 |
8,888 |
|
2L,192 |
18,940 |
| 14.CREDITORS:Amountsfallingdueafteroneyear |
|
|
|
2024 |
2023 |
|
t |
t |
| Deferred grantincome |
271,361 |
28],41L |
| DEFERREDGRANT INCOME |
|
|
|
2024 |
2023 |
|
t |
t |
| At1October2O23 |
291,463 |
301,513 |
| Releasedto incomeinthe year |
(10,051) |
(10,050) |
| At30September2024 |
281,412 |
291,463 |
|
2024 |
2023 |
|
E |
E |
| Amountstobe releasedwithinoneyear |
10,051 |
1,0,052 |
| Amountstobe releasedafteronevear |
27',1.,361" |
281,411 |
| At30September2024 |
281,412 |
29L,463 |
| ANALYSISOFCHANGEINNE |
T DEBT |
|
|
|
Atl |
|
At30 |
|
Oct2023
t |
Cashflowst |
Sept2024
f |
| Unrestricted funds |
271,376 |
(8,020) |
263,356 |
9.
UNRESTRICTED FUND |
S |
|
|
|
|
|
|
Balance at |
|
|
|
|
Balance at |
|
LOctober |
|
|
Gains |
|
30September |
|
2023 |
lncomingOutgoing |
|
(Losses) |
Transfer |
2024 |
|
f, |
f |
f, |
t |
t |
E |
| Unrestricteddesignatedfunds |
|
|
|
|
|
|
| Future capital expenditure |
9,120 |
|
|
|
|
9,120 |
| Futuremajorrepairs |
35,000 |
|
|
|
|
35,000 |
| Unrestricted-designated |
44,120 |
|
|
|
|
44,120 |
| Unrestrictedincome-general |
682,667 |
204,U2 |
217,395 36,128(36,430) |
|
|
669,792 |
| tund |
|
|
|
|
|
|
| Revaluationreserye- |
(30,003) |
|
|
|
36,430 |
6,427 |
| Investments |
|
|
|
|
|
|
|
696,784 |
|
|
|
|
720,339 |
|
Tangible |
|
Other |
|
|
Fixedassets |
Investments |
Netassets |
Total |
|
E |
E |
t |
f, |
| Unrestricted funds |
390,129 |
357,317 |
Q7,109) |
720,339 |