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% CO￿AGE 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 P￿￿Ott JP R J T￿n￿Se 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 H￿Tre{ 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￿ ￿ Ch￿1195 prep￿Ing th*r 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 xLxJMmtht￿ft for ONV the 4¢ ol th prefer￿ 0￿1 to I￿)9￿ resk*ng 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 desl9r*d acc￿mmC*Jat￿jft for elderfy 18th"•s to en8bk them ￿ load an Irllepwth￿ lifè *ithout int8rfererKo bui ¥then neceswy, the supM ofex*mal as by them ly tr￿f9M1￿. The Irus1￿ rélef b Iho Commwmin's gwwdl on benefit r6vlth¥lThJ the charitsble company s ¥*ns obpctNes WKI in rAarrirvJ fubxe acti￿tres. In pwlcdw. the tNstètrs have nsIdoT￿ how plannod *iMties will emknlNJte to th• 8tms ￿ ctyeives seL Rwl•w of th• Acdvltl The charilable Com￿nY provth$ 8TrJ m•ntws 26 ur4ts of accommodakni. With ¥fl￿1 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 aXp￿dIti￿e M Ihe fokn¥*y m*t•r¥.' 1} Upgrades to bally￿M3 kll¢hgns lor wes¢nt fesKlents' 21 ModemB8lion of flats. %then empty, prior to n¢yw ￿$#￿ent - al80 Som pl￿an1 r¢##lents who wère Yallirvj lo 8r*lufè tr￿ upheav81 thlst liv*0 in the flaL 3} LegIoMI￿ ènd Asbe8tOS 8Uf¥gyS In￿'n0 ony neceswy mwnlenanc• monityrkn9 programm•s', 4) Ongyro VKAks in *cuJrdA￿e with t￿ rec0mrr￿WjAtionS in t* i)wu￿nI4l Rewt 2020: 51 In51811aliert of a gatts barr*r in ¢xd8r lo dèter ¢8sual p*kJng al Ihe entr￿￿ to the ￿18.. 61 Inve$tsgaling a revised ￿ating Syst￿ fc* Ihe fvture: 71 Revision, reppir wlgcern•ni ol d￿Alle g18zing ￿n￿S 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 I2￿22. £577.8401. of £52.253 (2022.. £63,195) are held in dtt8ign8*d res8NO9. 01 des￿10￿ reseN85. a503 12022.. £14.4451 orn hehj kn cash eAgh equivalertS. InV￿Im•nt Pollcy There art re$lriclkv)s on the charills to •lVe81. Tr invosbxent is decid8d by the Iw5t88s. FuThJs are h•k4 n the Affim￿tiVe D¢k>)ssi Fwwj. Reth￿ Bunk. Camtrjidge ￿ County88 Py2 EVANS'S COTTAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW R•$orves Policy li is the po&cy of the trustees to maintsin Lmreslncted tunts ao the free rese￿e$ of the tharityl al minimum of 3 months m•ntenanc8 ccMtrknulThs whkth prowths suffK4ent fsmds to cover any unforeseen expertses or h"atMl*b'e5. In addit￿n designaled reserves arè hdd to cover cydical atKI exb30rdin8ry at bank and repaFr costs. The dew*d aThJ free reserves a￿ represenied ty investrnents and cash Free reseryes are defmed as bknse ufftstiicted fu￿ts that ¥e r￿1 invested in fixed assets li.e. those reserves th'ch are liquhl atxl readily ave11￿e to Ihe trustees). As at 31 March 2023 reserves weie £1eo.99212022. £144.6241 Going ￿nc￿n The tnJ￿eeS 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 Sa￿sfied that the charii*e company can onbnue to operate. These accounts have therefo￿ been prepared m a o)n(an bass. FUTURE PLANS The tNsteo5 continue *) a&8ess a￿1 devekjp Ihè proKerty. FUttJ￿ (Wpments under w)gderation I￿lUde.. 11 i￿￿J￿n9 Installation or repaK of all UPVC all flats. 21 Any necessary improvements lo alxxs fv less Mobi￿ ￿SIdents ￿ltOrS. 31 Onioin9 re￿thSh￿ent of nats as and wf*n they be¢(￿Re vacanL 41 A rolling progr￿rne of ￿fUr￿lShMents for the rresent resKJents based cx) need. opporlurity 8rKI wishes of Ihe residenis: 51 Further consider8tion of Ihe recoMmendabc￿S 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 upgrade￿angeS 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 res￿nI and comr1￿nal 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 Man89em￿t 8t)d meet at regLdar intervals 1hr￿h￿t thtr year. Diro¢tor Inductlon and Tralning N8w trustees We made w*8r8 of the￿ r8sponstdlrhès and lamiliarise thèmsefves wilh the pract￿1 and ffinanCI￿ oteratKJns. To assist Ihem they are prwded a Ixipy of tt)e frusl's cor￿titutIon. Ihe latest pubbshed ￿e¢￿Jnts and appTopiate tharity Comm15$ic￿ pvblicabcffts. Board members are a5stifAales a friend5 of the charilabLg company whth parlicular speaaisms Page 3 EVANS'S corrAGE HOMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Risk manag•m•nt The majority of the charilable rJ)mFony's curTWht assets afe irNest8d irb eiher Lbylts Bank, R¢th¥ood Bank. Carrtyidge Counli¢s Bank or Affilmatve Cwost FLMYI for Charit*s. Th¢ twstees are ot Ihtr view Ihat the current Inveslm8nl has a minwnal risk ts the than1*9￿ corrpny. The tNstees ¢onsid8r thè koy risks a5*xiated ¥4ith the ¢h81itat4e ¢￿p￿Y aTrJ on￿e that ttwe Is ￿ *I￿ale ¢￿Ircl onvimnment ts) mityte This rgport has been pryrnd in a¢oydance Ihe 8pedal w)Niskyts of P*1 15 of Ihe Companha8 Act 2CX)6 relating to small C(m￿e$. 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 Ox*￿Ine￿5 report to the trusttss of Evw's Cottage Homts fthe Company I repx)rt to the cl)anty truste￿ on my examinathon of the ac￿l￿1$ ol the c￿panY for the year ended 31 Marth 2023. Rgsponslbllttles and basi$ of mport A8 the charity's trustees ol the C4)N￿anY la￿1 aLso its di￿￿)rS the purposes of company lawl you afe res[on￿ble lor ihe p￿p￿all0￿ of the accounts li a(yx￿tsnce ¥Ath ￿ re￿Fr￿ne￿iS 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 ￿r￿Jent 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 oxamln*s 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 bd*ve". a¢tOL￿titi9 re￿rdS were ￿ kept fft resW of Ihe Company as requireAI by Secfion 386 of Ihe 2LI)6 the accounts ikn rK)l aCcc￿d ￿lIh those re(y)rds: or the accounts do not wlh ts accounbThJ requirrynwtts of sec1x￿ M of the 2006 Act oth than any requ￿￿nent that the ar£o￿ts gwe a faJ"r wew wlith 15 TrJt a matter consdered as part of ￿ Indeper￿n1 examin8bon", or the accounts have not keen pryed in a¢¢othnce the rnethc*Js 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 ReF￿1•r0 sI￿d a[wM￿le in UK and Republic of I￿lS￿d IFRS 1021). I have no conc£ms and have come across no other m8tters ￿ 0)n￿b"on wrth Ih& exam￿3￿"(￿ 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 Ir￿StMent Ine£Jm& 1S0 2.379 1.603 Totsl 166.135 150 171,285 1￿*.862 EXPENDrruRE ON Charltable activitl•s Ch*ita)18 actmbes Main*nan¢* contrityJthoD Day to day maintenance Eth￿dInary maintenarw ¢Yd￿#1 maintenance 72.353 15,883 15￿3 18706 47.S73 &192 25,597 2.821 97.763 47,S13 3.192 Olher 5,115 151.870 159.267 2￿.392 Nel ga*1￿00s$8s} on investments {6421 NET INCOMEIIEXPENDrruRE) TrAnsf•rs fund$ 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 uRrestr￿t4d funds 12 .768 577.840 TOTAL FUNDS 588.768 577.840 The tharilable ¢ompany is ￿ti￿ed to exenwtpjn from autht urKler Sth 477 01 the Cc4npanEs Act 2(M)6 f Ihe year 8n)Id pr￿fI18S ￿ the thai th8y 8r8 maintained regularty to high $landard and. In Ihe opinty)n of the Trustees. hgh reS1thJ￿ Val￿ of Ihe prtsperties, the d•preciab"on ch¥ge and axumuLaied dopreciatson Kwld be 1￿Materia ty ￿se acc(¥Jnl$. The Truslee5 have ca￿&JIY cOn￿d￿ed any ms>wrnent in the Val￿ of the properti9S 8nd provision is nol Conside￿d necessary. FIxtW￿ and tlttlngs- dwKl•tkni Thè fixl(Yes ènd ffttsrys we dep￿￿tell 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 r9￿nI WdWion. Any ￿gregate ￿[plUS or d&fficil ari&ng liom thanges In far value is recog1N￿l ￿ the Statement of Pinan(xl kbvities. Page 9 O￿tinUed... EVANSE COThAGE HOUES NOTES TO THE FIMANCIAL STATEME1￿5. ¢ontk FOR The YEAR ENDED 31 IMRCH 2023 ACCOIAITING IIOUCIES. contmu•d As & tharItab￿ 0)Mp￿Y. The Evws's Cottag• Fk*nes. Is exempt from on i￿ome 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 4PF*ed to Is dwthbie ca￿cts. No tsx charges hève ari v￿h1n Ihe ¢haritstrAe Q￿PanY. Fund Kcountifftg unresln.cted lunds feprwnt that arn exp￿thb￿ at the dryxetion of the tnJst8•$ in th¢ lutherwco of Ihe objects of the ¢￿1$l￿• ￿PonY. S￿h fuThJs mayo• hdd in ty(knr kn finan¢x both ca&¥t81 and ca￿181 investynent. D•slgnit•d Fund• Designated funds are I￿Se I[*￿S vthi¢h are wKeslric*d irb nalum l)ul deS￿nated ty the Iwstees to u8¢d In Ihe I¢￿￿n9 m¥nn8r. thay we ¢yJU**d 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 t*Jdgoled èYnLl￿le for any yw. Extr•wdlMry ¢•palrn This rewve r8prts¢nts omounts $41 ask* to cary (xrt r8p•wJ on hw51rwJ lo mget ¢ost3 in exces6 of budgeted exwr¥JitLX8 for any yew. R￿trICI•d l￿d Restri¢i•d frjnds w onty be for partKuLw rn5tricted wp058s vthin the obhgcts ol the tha￿1&bI ompany. Rèslriction¥ aii8e sp￿￿ed by the dw Of whw fwds ore ratsed kn parbcular restricled purwsè$. •lon• The charfl8ty9 comFOny o)ntrllxrtes b) th6 pers(fflal pewon sth&mes ol empk)yees. Pen8lon Costs Ofged kn tho Sta*mw)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 CO￿AGE HOMES NOTES TO THE FIPIANCIAL STATEMENTS . contknued FOR THE YEAR ENOED 31 MARCH 2023 NEf lTrmEIIEXPENDITURE) Not inct¥nel(8xp&tr*luTe) 1$ stat*J aft￿￿ar9￿(CxedltiThj 2023 2022 *￿eFendent e¥amination costs 3,192 4,500 5,115 TRUSTEES. REMUNERAT￿1 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￿$, ewses ￿MI for ended 31 March 2023 nor frJr the ye¥ ende(I 31 Marth 2022. STAFF COSTS The averag8 wmber of slaff ernF4oyed by the Chgrity duriThJ th8 per4)d vras 1 {2022: 2). No emptyes120Z2: Th)nel total empbyeg bonths 6xceothTrJ t￿l.(￿NI. The chanty operaÈs a defin￿1 ¢￿tr￿ut￿ F*n$￿Il scheme. The ¢hwJ& to the Stslemenl of Finartr41 Adiviti"e3 for year i8 £70212022." £760}. T￿re 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- cOntin￿d FOR THE YEAR ENDED 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF F114ANGIAL ACTMTIES L#)kod Unrestrthd Ch￿ty (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,$97 2,821 97,763 3.830 5,115 5,115 Totsl 200,3V2 Nel gam￿￿)￿8) ￿ In¥•slffwts 1842) {642) NET INCOMEI(EXPEMDITUREI 149,750) 14221 150,1721 RECONaUATION OF FUNDS Tolal fu[￿S foThvw¢l 619.017 628,012 TOTAL FUNDS CARRIED FORWARD .287 8.573 577.840 Page 12 continued... evANS? COTTAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- Ccrt1n￿d FOR THE YEAR ENDED 31 MARCH 2023 TANGIBLE FIXED ASSETS FixiE¥es and fftiirwJs Fteehold proptrrty Totsly At 1 April 20r2 #nd 31 PA¥¢h ZJ23 3KIA30 42mS 409.728 DEPRECIATION At 1 April 2022 ch￿ge It￿ year 13.833 4.500 4,500 At 31 M8r¢h 2023 38,333 38.333 NET BOOK VALUE At 31 March 2023 371,393 31 March 2022 367.330 8,563 375.893 FIXED ASSET INVESTMENTS Unlisteo in¥pslments MARKET VALUE Al 1 April 2022 Additions Revaluations 8.sn Iso 11,0901 At 31 Mard) 2023 7,633 MET BOOK VALUE At 31 Mwch 2023 7.633 Al 31 2022 8.573 There were no trwestmwit assets outskge Ihe UK. The investment bdongs io The AKred s￿th Ev￿5 Trust Fund a Jir*ed charfty to Evans's Cottage Homes as detai￿￿ in note 13. The fvnds we hdd 8$ 8n investm￿l 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. p￿13 cC￿tir￿u8d... EVANSE corrAGE HOMES NOTES TO THE FINANCIAL STATEMENTS- wrtlnu•d FOR THE YEAR ENDED 31 I1￿CH 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 V￿re reva￿ed 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 re￿iOn 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 $81• the L￿dtsd and Ten￿￿ N£t 1987. At dats of thé valU•ti￿. Ihere l*YJ1O￿ ngwng the oTrJ of the pwknd. During the year endad 31 March 2020 thgre was ￿ ono remainty 198se ur*xt8TrJed. 11 was d8emed appropnate lo revahje the mvesknenl pwty In Ihe attounts a￿or¢InglY as haw the 2018 va￿9. Thereforg al the year 8nded 31 March 2020, Ihp rem*ping shcrft k888e w8s at £48,750. 11 ha been deom8d •pwcyrlal• lorthe at Iho y•ar er¥Jed 31 M8r¢h 2023 to ￿akI ai t48,7￿. 11. CREDITORS: AMOUNTS FALUNG DUE VaThWI 0￿ YEAR 2023 20r2 S(Ki4 security and other laxe Other ¢roth'tors 520 2.957 4192 3,961 12. MoveMENT W4 FUNDS Trnn$fws At 31.3ZJ At 1.4.22 ift fijrwjs Umtrlct•d lund• Gwal fuTh Designated fund: R￿r5 & m8inten￿ Dèsignated luTrJ.. Extr84)th0ry Repairs Linked Ch•rty. Alfr•d Snmth Evans Tnjst Deggnated hjnd.. rwalJ8tiCV) sNon 70207 {47,3971 $28,862 Qos 147,S73) 45.071 18J691 8.573 48,750 1940) 7,633 48,750 577 11326 113971 58B.768 R•strkt•d lund• Restrid8J l￿d (1397 1397 TOTAL FUNDS 10,928 588.768 Pa9e 14 EVANS'S COThAGE HOMES NOTES TO THE ANANCIAL STATEMENTS- wntknued FOR THE YEAR ENDED 31 MARCH 2023 12. MOVEMENT IN FUNDS- ¢¢ntinwd Nel movement in hmds. in Ihe th)ve as frAhMB: ing ResoLYC8S Gains and Movemenl ssès in funds Unrestri¢ted fund5 General fvnd Desiwated Ivrkl" Repars & mainl￿an¢* 08signat8d fijnd.. Extra-CkdIn￿Y Repaw5 Linked Chaiity- AIITed Srnth Evans Trust 16Q135 195.W281 70207 147.573) {47,573Tr 18.3691 18,3691 11,0901 1940) 166,285 R•stri¢l•d fvnd$ Resbicted l￿d 1151M7QI I1.0￿1) 13,325 17R97) (2,397) TOTAL FUNDS 171,285 1159,267) 11.0901 10,928 Tran51ers be￿een f￿dS movement At 31.3.72 At 1.4.21 Unr•strb¢ted funds General fund Designated lurhd: Ryirs & Mairtenan¢e DeSI￿ated fLmd.. Extra.LTr SC6.072 13.788 {97.7631 6.¢)05 11261 12.K211 8.440 fund.. F¥operty reydluation 14221 8.573 48.7YJ 48,7 8.012 (5),172) 577.840 TOTAL FUNDS 628,012 {9),1721 577,840 Page 15 ntiiued... EVANSE COThAGE HOAES NOTES TO THE FINANCIAL STATEMEiifs. cortlnwd FIJR THE YEAR ENDED 31 MARCH 2023 11 MOVEMEKf IN FUNDS • contwM*d Gxiparative net moNvwt in f￿. inthded in the are as fdb4V&' IncomiThJ Resources Gains and IAc>vèment resoLwces ey¥*￿ed losses in tunds Gene￿1 fund 0osignate(l Awwl: Repaws & Maintenance Des1￿818d 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} i￿1.862 (200,392) (8421 150.172} TOTAL FUNDS 1&1.862 12Cfj,392) {6421 I￿,172> PURpose OF THE RESTRICTED FUND tkrring the yew the c*aiity received £S.O(X) frofft FixJr**bon for the F4ffchase instalatKJn of new ￿hl￿e b8rriers. Thi8 was SFent dumg the year aThl Ihe bdance on the restr￿ed 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 Sr*ed CW of The Evans's Cottag8 Homes Lmder a S￿￿e dated 29 *)rl 1982. By a Irusl deed dated 14 Wtemt*F 1868. WKX)rne fr￿1 The Alfred Smtth Ewans TnJ$t FurKI, Is to be d in aL¥rnenting of E￿S'S Cottage Hcffies. These lunds 8re held 8$ 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 E￿S Tnjst FUYKI. Acco￿ts c()nS￿￿tirvj this substdrary are prep*ed 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 a￿1•1 theshc43. Page 16