REGISTERED COMPANY NUMBER: 00003846 (England and Wales REGISTERED CHARITY NUMBER: 236070 REPORT OF THE TRVSTEES AND UNAUIXTED ANANCIAL STATEMEIITS FOR THE YEAR ENDED 31 MARCH 2023 FOR EVANS% COAGE HOMES Chartered Atrounta)ts Comer 08k l Hcther Ro&J Sclihull B91 3QG
EVANSE COTTAGE HOMES CONTENTS OF THE FINANCIAL 5TATEMEi¥rs FOR THE YEAR ENDED 31 MARCH 2023 R•f•r•n Ind Admlnl¥tr•tl¥• Iht•l R•port olth• TrustM• Ind•p•nd•nt Exwnlnwts R•port Stat•m•nt •1 FIDwcl•l ALIMtI•• 2 b) 4 ell•n Sh•ot 7 *) 8 9 10 10
EVANSE COTfAGE HO REFERENCE AND AOMINISTRATIVE OETAJLS FOR THE YEAR ENDED 31 MARCH 2023 TrUSTEES L(rd Mwof BtmiW R JP A M Gwney JP J Has%*ins JP J E POtt JP R J TnSe JP Ire5yned 171111221 RMTriwJP REGISTERED OFFICE 64 Road B617JY REGISTERED COMPANY MUMBER I))6 (EnglaTra Wales) REGISTERED CHARITY NUMBER 236070 INDEPENDENT EXAAMr tme Corrw Oak 1 HTre{ Road Solihl B913QG Page 1
EVANSS COThAGE HOIAES REI>ORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trusiees vtho are al dirvLknS of the for lh• pjrposes of the Compantt Ad XQ6. present Iheir report 1th the fnaniyal staternents of the dw.ty for Ihe ye¥ efided 31 Mafch 2023. The trustw havè adopted the promsions of A¢¢ounbr¥J R8PCXtmg by Chwths.. Stathefit ol Rets)mmenfled Pr8ctKa apptIc8b Ch1195 prepIng thr accourhts in a¢nce w7th Ihe nancIal ReporNng Stsndard applicable in Ihe UK and Repth¢ ol trelaThJ (FRS 102) {•ffeclive 1 2019). OBJECTIVES AND ACTMnES Obl•ctlv•s and alms The charitsble obi•ctN88 are to shdtèred xLxJMmthtft for ONV the 4¢ ol th prefer 01 to I)9 reskng vth'n mibEs ofthe crty of BIM. The strategy emF4oy•d lo assist the chatity to meet trms c¥ectNe B to promdé and m8lnt suirabty desl9rd accmmCJatjft for elderfy 18th"•s to en8bk them load an Irllepwth lifè ithout int8rfererKo bui ¥then neceswy, the supM ofexmal as by them ly trf9M1. The Irus1 rélef b Iho Commwmin's gwwdl on benefit r6vlth¥lThJ the charitsble company s ¥ns obpctNes WKI in rAarrirvJ fubxe actitres. In pwlcdw. the tNstètrs have nsIdoT how plannod iMties will emknlNJte to th• 8tms ctyeives seL Rwl•w of th• Acdvltl The charilable ComnY provth$ 8TrJ m•ntws 26 ur4ts of accommodakni. With ¥fl1 from wa 2022 the Montrly Mwgemerf Chwge (MMC) per in(x•as•d to £5 per m¢{2021.22. £472.501 Dyrfftg iho year there ha$ b8en gor4fwt aXpdItie M Ihe fokn¥y mt•r¥.' 1} Upgrades to ballyM3 kll¢hgns lor wes¢nt fesKlents' 21 ModemB8lion of flats. %then empty, prior to n¢yw $#ent - al80 Som plan1 r¢##lents who wère Yallirvj lo 8rlufè tr upheav81 thlst liv0 in the flaL 3} LegIoMI ènd Asbe8tOS 8Uf¥gyS In'n0 ony neceswy mwnlenanc• monityrkn9 programm•s', 4) Ongyro VKAks in cuJrdAe with t rec0mrrWjAtionS in t i)wunI4l Rewt 2020: 51 In51811aliert of a gatts barrr in ¢xd8r lo dèter ¢8sual pkJng al Ihe entr to the 18.. 61 Inve$tsgaling a revised ating Syst fc Ihe fvture: 71 Revision, reppir wlgcern•ni ol dAlle g18zing nS aTcthd the site.. FIK4NCIAL REVIEW FlnJncl•l pojlllon Oudng the year therfty mth a suWus 01 £10,928 12022.. defhit W.172). Overall the charitsble mpany h8$ a¢wmulaled reseNes of £S88,768 I222. £577.8401. of £52.253 (2022.. £63,195) are held in dtt8ign8d res8NO9. 01 des10 reseN85. a503 12022.. £14.4451 orn hehj kn cash eAgh equivalertS. InVIm•nt Pollcy There art re$lriclkv)s on the charills to •lVe81. Tr invosbxent is decid8d by the Iw5t88s. FuThJs are h•k4 n the AffimtiVe D¢k>)ssi Fwwj. Reth Bunk. Camtrjidge County88 Py2
EVANS'S COTTAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW R•$orves Policy li is the po&cy of the trustees to maintsin Lmreslncted tunts ao the free resee$ of the tharityl al minimum of 3 months m•ntenanc8 ccMtrknulThs whkth prowths suffK4ent fsmds to cover any unforeseen expertses or h"atMlb'e5. In additn designaled reserves arè hdd to cover cydical atKI exb30rdin8ry at bank and repaFr costs. The dewd aThJ free reserves a represenied ty investrnents and cash Free reseryes are defmed as bknse ufftstiicted futs that ¥e r1 invested in fixed assets li.e. those reserves th'ch are liquhl atxl readily ave11e to Ihe trustees). As at 31 March 2023 reserves weie £1eo.99212022. £144.6241 Going ncn The tnJeeS have prwwed a pkn kn 202&24 ha4ryng conssdered the c8shlh)w knec851 the 12 months fdlowing the date ol nIng of these a¢(xMJnts. are Sasfied that the chariie company can onbnue to operate. These accounts have therefo been prepared m a o)n(an bass. FUTURE PLANS The tNsteo5 continue ) a&8ess a1 devekjp Ihè proKerty. FUttJ (Wpments under w)gderation IlUde.. 11 iJn9 Installation or repaK of all UPVC all flats. 21 Any necessary improvements lo alxxs fv less Mobi SIdents ltOrS. 31 Onioin9 rethShent of nats as and wfn they be¢(Re vacanL 41 A rolling progrrne of fUrlShMents for the rresent resKJents based cx) need. opporlurity 8rKI wishes of Ihe residenis: 51 Further consider8tion of Ihe recoMmendabcS made li the l)Jmiwrid reFort {20201: O) Improvemefti to the landscaplng of the gfjjunds. 71 A 0)ntinuatic of Ihe SLwvey of the erw ijsage on Ihe sile * approwrate upgradeangeS to the 9a5 and electhcity proM510ns', ai Energy Performance Cerifftaies fw Ilats., 91 A5b&sios Survey update to tncbjde the boiler roorn,. 101 PAT testing Oicy for equipmant for resnI and comr1nal eqiwnenl.. 11) Regular visits to fiats regdents in der to morritrhea#h arKI WElkbwg. STRUCTURE, GOVERNANCE AND MAPi4GEMENT Governing document The organisation is a tharitab unfimrted u)mpany wfrlhout share Fncorpor8ted m 6 JanLrary 1888 and registered as a chartty on 10 Septemtw IW. The company eslablished under a MeTh)rar7dvm of ssociation whth 85tsbh"sh8d its oey'ects twMr5 aThJ is govemed L¥Klertr¥s ¢knument. R¢cruitm•nt and Appointm•nt of Trnst•Ès and DY&tors The direclors of the compary are atso chatity trustees the purpctse of djarity l&Y and utNJer the company's Atb"cles of Associatron are kTh>s as the commrttee. The adry¥ni5tration ol the charitable company 1$ conducted by Ihe bo¥d. They dèiide all matters ol and Man89emt 8t)d meet at regLdar intervals 1hrht thtr year. Diro¢tor Inductlon and Tralning N8w trustees We made w8r8 of the r8sponstdlrhès and lamiliarise thèmsefves wilh the pract1 and ffinanCI oteratKJns. To assist Ihem they are prwded a Ixipy of tt)e frusl's cortitutIon. Ihe latest pubbshed e¢Jnts and appTopiate tharity Comm15$ic pvblicabcffts. Board members are a5stifAales a friend5 of the charilabLg company whth parlicular speaaisms Page 3
EVANS'S corrAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Risk manag•m•nt The majority of the charilable rJ)mFony's curTWht assets afe irNest8d irb eiher Lbylts Bank, R¢th¥ood Bank. Carrtyidge Counli¢s Bank or Affilmatve Cwost FLMYI for Charits. Th¢ twstees are ot Ihtr view Ihat the current Inveslm8nl has a minwnal risk ts the than19 corrpny. The tNstees ¢onsid8r thè koy risks a5xiated ¥4ith the ¢h81itat4e ¢pY aTrJ one that ttwe Is Iale ¢Ircl onvimnment ts) mityte This rgport has been pryrnd in a¢oydance Ihe 8pedal w)Niskyts of P*1 15 of Ihe Companha8 Act 2CX)6 relating to small C(me$. Approved ty orfer ol the board ol trustsès .- d on its b¢hall by.. R Cknm•nts JP. Page 4
INDEPENDENT EXAMINER% REPORTTO THE TRUSTEES OF EVANS? COThAGE HOMES Ind•Pw•nt OxIne5 report to the trusttss of Evw's Cottage Homts fthe Company I repx)rt to the cl)anty truste on my examinathon of the acl1$ ol the cpanY for the year ended 31 Marth 2023. Rgsponslbllttles and basi$ of mport A8 the charity's trustees ol the C4)NanY la1 aLso its di)rS the purposes of company lawl you afe res[onble lor ihe ppall0 of the accounts li a(yxtsnce ¥Ath reFrneiS of the Companies Act 21J)6 Ilhe 2CO6 Acri. Hav?ng salisfied myselt that the accounts of the Company we not required to be aLKJted undw 16 01 the 2CQ6 A¢t and are dyble for rJent exAmnal, I report in respect of my examination of your charivs accounts as carried out uNJer Sectt(m 145 01 the Charib'es Act 2011 2011 ¥). In canying ¢yJt my examina1ith I have followed the Th"re¢lKffls gven by tr Charity Commission under Section 14515) Ibl of the 2011 Ind•p8nd•nt oxamlns Statem¢nt I have cornpleted my I confirm that rTr) matters have Con to my attenbon in conn8ction th tt examinab'on givmg mè se to bdve". a¢tOLtiti9 rerdS were kept fft resW of Ihe Company as requireAI by Secfion 386 of Ihe 2LI)6 the accounts ikn rK)l aCccd lIh those re(y)rds: or the accounts do not wlh ts accounbThJ requirrynwtts of sec1x M of the 2006 Act oth than any requnent that the ar£ots gwe a faJ"r wew wlith 15 TrJt a matter consdered as part of Indepern1 examin8bon", or the accounts have not keen pryed in a¢¢othnce the rnethcJs ar prmaplgs of the Slatemenl of Recomrnended Pracknce for 8ccc¥Jniing and repoftmg by charib.es laFvlicable to charit*s pr6parin9 their accounts In acclxdaw wth FrnKaal ReF1•r0 sId a[wMle in UK and Republic of IlSd IFRS 1021). I have no conc£ms and have come across no other m8tters 0)nb"on wrth Ih& exam3"( to thich attention should be drwi in this in order lo W$ab a pwr yndeistanding of the 8¢count$ lo be Jeremy Kitson FCA PN'me Chartered Accountants Comer Oa( 1 Homer Road Sdihull B913QG Dale.. PaJ8 S
EVANSE COffAGE HOMES STATEMENT OF FtP4ANCIAL ACTMnes IINCORPORATING AN INCOME AMD EXPENCfftIRE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 UnrestrKted CharÈty RestrÈct fvnds {Nots 13) Total furKI¥ Totsl hjnds Notes INCOME AND ENDOVIMENTS FROM Donations g?e5 10.OKI 4(Ll Maintwarr ntrI)U Donats"ons 158, 158.W8 148.352 )7 IrStMent Ine£Jm& 1S0 2.379 1.603 Totsl 166.135 150 171,285 1.862 EXPENDrruRE ON Charltable activitl•s Chita)18 actmbes Mainnan¢ contrityJthoD Day to day maintenance EthdInary maintenarw ¢Yd#1 maintenance 72.353 15,883 153 18706 47.S73 &192 25,597 2.821 97.763 47,S13 3.192 Olher 5,115 151.870 159.267 2.392 Nel ga100s$8s} on investments {6421 NET INCOMEIIEXPENDrruRE) TrAnsf•rs fund$ 14265 12.397) 1940) 12.397 2,397 10,928 150,172} 12 Net mov•n Im lunds 11.868 (9401 10.92B 150.172} RECONCIUATION OF FUNDS Total funds brwht fmrd 8.573 628.012 TOTAL FUNDS CARRIED FORWARD 581,135 7.633 577.840 Page 6
EVANS'S corrAGE HOMES BALANCE SHEET 31 MARCH 2023 2023 2022 Linked Total Total funds (Note 13) fund Noles FIXEO ASSETS Tangible assets In¥$tments Investmenls Investment propety 371,393 371,393 375,893 7M33 10 48,750 8.573 48,79) 48.75Q 420.143 7.633 427.776 433.216 CURRENT ASSETS Prepaymenrs and inc(Mne C8sh at b 161,984 164.984 147,989 165.672 165.672 148,585 CREOfORS Amounts lalling due willin or year 11 {4.6001 14.680 13.961) NET CURRENT ASSETS 100,992 160.9>2 144.Q4 TOTAL ASSETS LESS CURRENT LIA81LITIES 581.135 $88.768 577.840 NET ASSETS 501.135 7.633 588.768 577.840 FUNOS uRrestrt4d funds 12 .768 577.840 TOTAL FUNDS 588.768 577.840 The tharilable ¢ompany is tied to exenwtpjn from autht urKler Sth 477 01 the Cc4npanEs Act 2(M)6 f Ihe year 8n<kd 31 Marth 2023. Thts memb¢rs have required Ihe company lo ¢J)iain an atyjit ol its financial sktements kn the year erK18d 31 March 2023 accordance V+ith Secti(x4 476 of the Ccwnpa)tes Acl 201. The trust8•s theirrgsponsitih'ties lor la) ensuring that the tharitsble MpanY keeps coun11 0)rS that COM w¢th secti5 386 and 387 of the Companies Act and pr8parfng finanaal s&iem8nts gwe a true fair of the stat8 of affairs d the tharitable ¢(mpany as al the end of fin8Thia ytrdr and of its svryAus or defits"t for each ffinan¢ial year in a¢¢ordan¢e with the Tewwements of Seci)n5 394 al 395 8nd ¥¥*i¢h Obtse comply wth Ihe requirements of ihe Compari Acl 2(%)6 relating to ffnancial so frdr as aw)ItratAe to the Charttae company, Ib} The notes fcffti part ofttEse fffw(ial statements Pagè 7 tinued...
EVANS8 COThAGe HOMES BALANCE SHEEf. ¢gntlrKd 31 IIARCH 2023 The8e financial StateMts have been w4paryl #i wilh tho prtivis¥)ns ar4)lb to charitabk8 C4)mpanies su4.ect lo tho smal eompani85 TlMe. Tho fin4)81 slatemwts aF(Th£d ty Ihe Boaryl of Trustees authryised lor 186ue on Kl *re sv4n•d its ty. R Cl•ments JP. Page 8
EVANS'S COThAGe HOMES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 PRINCIPLE ACCOUNnNG POUCIES The Evans's Cottage kh)mes i8 an inuypmted Chwity in the Unite(l Kin9dtyn. The a(Jress ol tho off4ce is gv8n in lh8 charity iifi)rmation on page 1 01 these finanoal stat•mgnts. The griwpal accounling policies a summarised be&. accolj have been w)tied consistently Ihroughoul tho year and the pIttedr Cl. ACCOUNTING FIOUCIES B•sls of prepwlng th• fin•nci•l •tat•m•nts The finanaal stalemenls have be prepa under the historical cosl actounllrg convenbon except that inve51m8nls h•kl as ftted ass•ts •• carn1 at markot valuè. Thèy are tawft up in accordanc with the CurnFonies 2006. Tho th8rity ¢S111U1es a benefit entity 85 defined by FRS102. Thti finanaal stsWmènts have been pared in accofdm ith the Charities SORP IFRS 102) 'Accounbng arhl R•p)rtin9 by Charl1.. Stskmw)l of Recommeth PiKe applicable to charitios preparing their 8ccounls nce N4Tth the Finartial Rem'ng StBrMJ8rd appl819 in the UK and Republic of Iland IFRS 1021 leffed1 l JarKw 2019).. Finw)al ReFortirg SlaThJard 102 'The Finanri81 Roportirw3 Sta¥d aFtyk4bltr in th• UK And R•wbth'c of Ireland, lh• CPanIeS Act 2fJ)6. Tho financl81 slatwnenls wa prer•&1 on ¥ Cc1•M b88 ufKl8r Ihg 1¥9vJriC cosl c)nvenlhJn. Th8 pro81310n ofthe rn'al $tst&nents Sterkng (£). In¢¢n JI income 18 re¢cgnl8¢d In the Sment of Fin Ihe ha8 entlll8mrt to thg lund$, it is wc&t4e that IIYI irume receNed ard Ihe pjnount can be rne•swed rdw. Exp•ndltur• Llobllilies are recognl8d 88 txpen(lilur• a$ as thère is a 10gal or constructN& obllgalN)n cnMItt1n9 the Charity lo that ¢xpen(Murn. it rn wob8$ that a tran5f•r of eoJnomi¢ bonofits will bo rwired in gettkment and of the Ot181 can be meagwed fy. Expgndlture l• accounted lor an a¢ctys basis hag be•n dassifwd undor heJings Ihat ag9f898¢e 811 cost the Gat¢g0ry. cosis nn0¢ be th'redy ottnbud io pthcutsr hdI6 Ihty have bll 8llttatod lo acb.wtss on a ba&s ¢onsistent with the Ltse of reswces. TnqSbl• flx•d a¥xt8 Ho19 prop•rtl¢s . dw•ctatlon No deprnciaiw fjs Fo¥Kl¢d on fre61>)Id prfI18S the thai th8y 8r8 maintained regularty to high $landard and. In Ihe opinty)n of the Trustees. hgh reS1thJ Val of Ihe prtsperties, the d•preciab"on ch¥ge and axumuLaied dopreciatson Kwld be 1Materia ty se acc(¥Jnl$. The Truslee5 have ca&JIY cOnded any ms>wrnent in the Val of the properti9S 8nd provision is nol Consided necessary. FIxtW and tlttlngs- dwKl•tkni Thè fixl(Yes ènd ffttsrys we deptell on a 2S% straght kne basis. A ftjn ye8fs tharge h85 been pffjvided fu in the year of 8CqiM8itThi and no provisw)n wdl be made in the ytar of dispos. It8ms cos*ng less then £1,OtK) are not capilalised. In¥Mtmwt wop•rty Imiestment propety Is shovm at most r9nI WdWion. Any gregate [plUS or d&fficil ari&ng liom thanges In far value is recog1Nl the Statement of Pinan(xl kbvities. Page 9 OtinUed...
EVANSE COThAGE HOUES NOTES TO THE FIMANCIAL STATEME15. ¢ontk FOR The YEAR ENDED 31 IMRCH 2023 ACCOIAITING IIOUCIES. contmu•d As & tharItab 0)MpY. The Evws's Cottag• Fknes. Is exempt from on iome and gains f8llmg wtr#n sections 481489 of CTA X)10 or Se¢lion 256 of Ihe Taxobon ol orge8b Ga Act 1992 tr) tho èxtent that theye we 4PFed to Is dwthbie cacts. No tsx charges hève ari vh1n Ihe ¢haritstrAe QPanY. Fund Kcountifftg unresln.cted lunds feprwnt that arn expthb at the dryxetion of the tnJst8•$ in th¢ lutherwco of Ihe objects of the ¢1$l• PonY. Sh fuThJs mayo• hdd in ty(knr kn finan¢x both ca&¥t81 and ca181 investynent. D•slgnit•d Fund• Designated funds are ISe I[S vthi¢h are wKeslricd irb nalum l)ul deSnated ty the Iwstees to u8¢d In Ihe I¢n9 m¥nn8r. thay we ¢yJUd bebw. Cycll¢al, R•p•lrn arKI m•lnt•n•nu Iwbd Tho res¢rve rewesents amounts sel asth maintsnarte tr) costs in exces6 01 tJdgoled èYnLlle for any yw. Extr•wdlMry ¢•palrn This rewve r8prts¢nts omounts $41 ask to cary (xrt r8p•wJ on hw51rwJ lo mget ¢ost3 in exces6 of budgeted exwr¥JitLX8 for any yew. RtrICI•d ld Restri¢i•d frjnds w onty be for partKuLw rn5tricted wp058s vthin the obhgcts ol the tha1&bI ompany. Rèslriction¥ aii8e sped by the dw Of whw fwds ore ratsed kn parbcular restricled purwsè$. •lon• The charfl8ty9 comFOny o)ntrllxrtes b) th6 pers(fflal pewon sth&mes ol empk)yees. Pen8lon Costs Ofged kn tho Stamw)l of Fm¥Ki knlies rtprewl c4)ntribU¢¥S pay¥b$8 by the Sn th8 yew. VAT The chwitaNe thnpany Is exempt frcAn VAT. In th• f$1 sIJtyMen *th•r• èpplkable. expenditure is shown irtlusive of VAT. VESTMENT INCOME 2023 2022 Sundry ift¢ome Deposit gccountintére81 ln 1107 227 1,378 2,379 1.603 Pa98 10 nb'rwd...
EVANS3 COAGE HOMES NOTES TO THE FIPIANCIAL STATEMENTS . contknued FOR THE YEAR ENOED 31 MARCH 2023 NEf lTrmEIIEXPENDITURE) Not inct¥nel(8xp&trluTe) 1$ statJ aftar9(CxedltiThj 2023 2022 eFendent e¥amination costs 3,192 4,500 5,115 TRUSTEES. REMUNERAT1 AND BENEFrrs There weie no trustw. feiThJn8ratrun tr ottw benefits fr&r the year gThJed 31 M8r¢h 2023 nor for the yegr ended 31 M¥rth 2022. Tru¥te•s' expènses There werè no trus$, ewses MI for ended 31 March 2023 nor frJr the ye¥ ende(I 31 Marth 2022. STAFF COSTS The averag8 wmber of slaff ernF4oyed by the Chgrity duriThJ th8 per4)d vras 1 {2022: 2). No emptyes120Z2: Th)nel total empbyeg bonths 6xceothTrJ tl.(NI. The chanty operaÈs a defin1 ¢trut Fn$Il scheme. The ¢hwJ& to the Stslemenl of Finartr41 Adiviti"e3 for year i8 £70212022." £760}. Tre We no otstsianthng ntribu1*xIS 8nd no prepaid conln"twions at the year end 31 March 2023 al 31 March 2022. Pa9e11 tonknued...
evANS% corrAGE HOMES NOTES TO THE FINANCIAL STATEMEIUS- cOntind FOR THE YEAR ENDED 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF F114ANGIAL ACTMTIES L#)kod Unrestrthd Chty (Note 131 Regthctsd Tot81 fvnd8 INCOMÉ AMD ENDOIWENTS FROM Cmuons and les 400 h•rltabl• actlvltl•s Maintenance contribjb'on D¢)ngtiNbS 148.352 507 148.352 507 Investmenl 1,383 1.803 150.842 193,862 EXPENDITURE ON ChaTlt•bl• actfvlth• Chariiabb adimties Maintsnon¢• ¢tr Day to day mdnlenar Extrdordlnary mainlonart• Cydicd mainlen0n¢o 25.597 2,821 97,763 25,$97 2,821 97,763 3.830 5,115 5,115 Totsl 200,3V2 Nel gam)8) In¥•slffwts 1842) {642) NET INCOMEI(EXPEMDITUREI 149,750) 14221 150,1721 RECONaUATION OF FUNDS Tolal fu[S foThvw¢l 619.017 628,012 TOTAL FUNDS CARRIED FORWARD .287 8.573 577.840 Page 12 continued...
evANS? COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- Ccrt1nd FOR THE YEAR ENDED 31 MARCH 2023 TANGIBLE FIXED ASSETS FixiE¥es and fftiirwJs Fteehold proptrrty Totsly At 1 April 20r2 #nd 31 PA¥¢h ZJ23 3KIA30 42mS 409.728 DEPRECIATION At 1 April 2022 chge It year 13.833 4.500 4,500 At 31 M8r¢h 2023 38,333 38.333 NET BOOK VALUE At 31 March 2023 371,393 31 March 2022 367.330 8,563 375.893 FIXED ASSET INVESTMENTS Unlisteo in¥pslments MARKET VALUE Al 1 April 2022 Additions Revaluations 8.sn Iso 11,0901 At 31 Mard) 2023 7,633 MET BOOK VALUE At 31 Mwch 2023 7.633 Al 31 2022 8.573 There were no trwestmwit assets outskge Ihe UK. The investment bdongs io The AKred sth Ev5 Trust Fund a Jir*ed charfty to Evans's Cottage Homes as detai in note 13. The fvnds we hdd 8$ 8n investml in the Blackrvck Charilses VK BotKJ FurKI. Th%$ investh7ent Js the sok asset of the chanty aTrJ Ihe purpose of is to generate funds forthe use of Evans's Cottage Fk)mes. p13 cCtiru8d...
EVANSE corrAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- wrtlnu•d FOR THE YEAR ENDED 31 I1CH 2023 10. INVESTMENT PROPERr¢ FAIR VALUE Al l Aprll 2022 aTrY 31 Marth 20ZJ 48,750 NET 800K VALUE At 31 March 2023 41.780 At 31 M¥th 2022 48,75) The block of slx lot$ in Cottage Homes 1$ th# Lllimote freehokyer Vre revaed by Nick Piotnek Assoclo108 In Jaw¥ry 2018 as t97.. belng Ihe awaragè ffx Ihe flats rem8inlng on short bases. Tha ValuatiC w8s wepared a leasehokl reiOn basis with the valuation being averw bas lh8 propwUè$ are SO uThJer Ihg Leasohokl Refomi, Housing and Urban Devebwnenl PKI 19P3 or on w (Fen market $81• the Ldtsd and Ten N£t 1987. At dats of thé valU•ti. Ihere lYJ1O ngwng the oTrJ of the pwknd. During the year endad 31 March 2020 thgre was ono remainty 198se urxt8TrJed. 11 was d8emed appropnate lo revahje the mvesknenl pwty In Ihe attounts aor¢InglY as haw the 2018 va9. Thereforg al the year 8nded 31 March 2020, Ihp rem*ping shcrft k888e w8s at £48,750. 11 ha been deom8d •pwcyrlal• lorthe at Iho y•ar er¥Jed 31 M8r¢h 2023 to akI ai t48,7. 11. CREDITORS: AMOUNTS FALUNG DUE VaThWI 0 YEAR 2023 20r2 S(Ki4 security and other laxe Other ¢roth'tors 520 2.957 4192 3,961 12. MoveMENT W4 FUNDS Trnn$fws At 31.3ZJ At 1.4.22 ift fijrwjs Umtrlct•d lund• Gwal fuTh Designated fund: Rr5 & m8inten Dèsignated luTrJ.. Extr84)th0ry Repairs Linked Ch•rty. Alfr•d Snmth Evans Tnjst Deggnated hjnd.. rwalJ8tiCV) sNon 70207 {47,3971 $28,862 Qos 147,S73) 45.071 18J691 8.573 48,750 1940) 7,633 48,750 577 11326 113971 58B.768 R•strkt•d lund• Restrid8J ld (1397 1397 TOTAL FUNDS 10,928 588.768 Pa9e 14
EVANS'S COThAGE HOMES
NOTES TO THE ANANCIAL STATEMENTS- wntknued
FOR THE YEAR ENDED 31 MARCH 2023
12. MOVEMENT IN FUNDS- ¢¢ntinwd
Nel movement in hmds. in Ihe th)ve as frAhMB:
ing ResoLYC8S Gains and Movemenl
ssès
in funds
Unrestri¢ted fund5
General fvnd
Desiwated Ivrkl" Repars &
mainlan¢*
08signat8d fijnd.. Extra-CkdInY
Repaw5
Linked Chaiity- AIITed Srnth Evans
Trust
16Q135
195.W281
70207
147.573)
{47,573Tr
18.3691
18,3691
11,0901
1940)
166,285
R•stri¢l•d fvnd$
Resbicted ld
1151M7QI
I1.01)
13,325
17R97)
(2,397)
TOTAL FUNDS
171,285
1159,267)
11.0901
10,928
Tran51ers
beeen
fdS
movement
At
31.3.72
At 1.4.21
Unr•strb¢ted funds
General fund
Designated lurhd: Ryirs &
Mairtenan¢e
DeSIated fLmd.. Extra.LTr
EVANSE COThAGE HOAES NOTES TO THE FINANCIAL STATEMEiifs. cortlnwd FIJR THE YEAR ENDED 31 MARCH 2023 11 MOVEMEKf IN FUNDS • contwMd Gxiparative net moNvwt in f. inthded in the are as fdb4V&' IncomiThJ Resources Gains and IAc>vèment resoLwces ey¥ed losses in tunds Gene1 fund 0osignate(l Awwl: Repaws & Maintenance Des1818d fur¥J.. Extrathlin ReFYdirs Linked Ch8nty- Ajfred &nth Ewdns TnJ8t 19).842 I99,8) ),834 197.7631 197,7631 (2.8211 (2,8211 1642) 14r2} i1.862 (200,392) (8421 150.172} TOTAL FUNDS 1&1.862 12Cfj,392) {6421 I,172> PURpose OF THE RESTRICTED FUND tkrring the yew the caiity received £S.O(X) frofft FixJrbon for the F4ffchase instalatKJn of new hle b8rriers. Thi8 was SFent dumg the year aThl Ihe bdance on the restred fund as al 31 frAafth W23 is £NW. 11 RELATED PARTIES LINKED CHARifY- Allred fAnith EV• Trust Chwity No. 23607fy1 The fre(l Smilh Evans Trust F(tt is a Sred CW of The Evans's Cottag8 Homes Lmder a Se dated 29 )rl 1982. By a Irusl deed dated 14 WtemtF 1868. WKX)rne fr1 The Alfred Smtth Ewans TnJ$t FurKI, Is to be d in aL¥rnenting of ES'S Cottage Hcffies. These lunds 8re held 8$ an Invesbneni kn 8¢kr(k UK 8()d FLmd slwes. Thè marf(et valLE ol this investment at 31 arch 2023 VAS £7,633 {2022'. £8,573). Investsnent incryne of £19) (2022.. £220) has reiained d rèinvested by Thè Alrtd Smth ES Tnjst FUYKI. Accots c()nStirvj this substdrary are preped rn th& basis that ihe gmss kn¢(Mne ol the 5jbsrd1 charty lor Ihe year ended 31 IAarch 2023 is inmaleTtal lo the grDUP WKI herre the in¢c ot Ihe gfoLV does not ex(thts Ihe a1•1 theshc43. Page 16