| Trustees | Mr PJennings | ||||
|---|---|---|---|---|---|
| Mr DJ Marsden | |||||
| Mr TWatson | |||||
| Mrs B Holden | |||||
| Mr R Done | |||||
| Charity | number | 237056 | |||
| Principal | address | 29 Sunnymere | Drive | ||
| Darwen | |||||
| Lancashire | |||||
| BB31RH | |||||
| Accountants | Hindle Jepson | &Jennings | Ltd | ||
| 10Borough Road | |||||
| Darwen | |||||
| Lancashire | |||||
| BB31PL | |||||
| Bankers | National Westminster |
Bank | pic | ||
| 35 King William | Street | ||||
| Blackburn | |||||
| Lancashire | |||||
| BB17DJ |
| Unrestricted | Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| Notes | |||||||
| com n |
|||||||
| Other trading | activities | 20,157 | 18,952 | ||||
| Investments | 7,963 | 6,296 | |||||
| Other income | 200 | ||||||
| Total income | 28,120 | 25,448 | |||||
| ~Edit | |||||||
| Charitable activities |
6 | 23,145 | 21,842 | ||||
| Net gains/(losses) | on investments | 10 | (7,117) | 17,997 | |||
| Net movement | in funds | (2,142) | 21,603 | ||||
| Fund balances | at 1 January 2022 | 278,759 | 257,156 | ||||
| Fund balances | at | 31 December 2022 | 276,617 | 278,759 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F | |||||||
| Fixed assets | ||||||||
| Tangible assets | 11 | 28,291 | 28,595 | |||||
| Investments | 12 | 215,439 | 214,746 | |||||
| 243,730 | 243,341 | |||||||
| Current assets | ||||||||
| Debtors | 13 | 1,095 | 1,222 | |||||
| Cash at bank and in | hand | 32,981 | 35,732 | |||||
| 34,076 | 36,954 | |||||||
| Creditors: amounts | falling | due within | 14 | |||||
| one year | (1,189) | (1,536) | ||||||
| Net current assets | 32,887 | 35,418 | ||||||
| Total assets less current | liabilities | 276,617 | 278,759 | |||||
| Income funds | ||||||||
| Unrestricted funds |
||||||||
| Designated funds |
15 | 65,345 | 62,435 | |||||
| General unrestricted | funds | 141,346 | 139,281 | |||||
| Revaluation reserve |
69,926 | 77,043 | ||||||
| 276,617 | 278,759 | |||||||
| 276,617 | 278,759 | |||||||
| The accounts were approved | by the Trustees | on ........'.....2.'..P3 |
| Unrestricted | Ufll | asti lcted | ||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| K | ||||
| Maintenance | Contributions | 20,157 | 18,952 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Income from listed investments | 7,963 | 6,264 | ||||
| Interest receivable | 32 | |||||
| 7,963 | 6,296 | |||||
| 5 | Other income | |||||
| Total | Unrestricted | |||||
| funds | ||||||
| 2022 | 2021 | |||||
| E | E | |||||
| Other income | 200 | |||||
| 6 | Charitable | activities | ||||
| Housing | Housing | |||||
| provision | provision | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Service costs | 2,991 | 2,944 | ||||
| Day to day | maintenance | 16,209 | 15,402 | |||
| 19,200 | 18,346 | |||||
| Share ofgovernance | costs (see note 7) | 3,945 | 3,496 | |||
| 23,145 | 21,842 |
| 7 | Supportcosts | |||||
|---|---|---|---|---|---|---|
| Support | Governance | 2022 | 2021 | Baste ofallocation | ||
| costs | costs | |||||
| Depreciation | 304 | 304 | ||||
| Accountancy | 696 | 696 | 546 | Governance | ||
| Clerks honorarium | 1,555 | 1,555 | 1,488 | Governance | ||
| Sundry | 866 | 866 | 659 | Governance | ||
| Management | 524 | 524 | 499 | Governance | ||
| 3,945 | 3,945 | 3,496 | ||||
| Analysed between |
||||||
| Charitable activities |
3,945 | 3,945 | 3,496 |
| 2022 | 2021 |
|---|---|
| Number | Number |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | ||||
| Revaluation ofinvestments |
(7,117) | 17,997 | ||
| 11 | Tangible fixed assets | |||
| Land and buildings | ||||
| f | ||||
| Cost | ||||
| At 1 January 2022 | 30,420 | |||
| At 31 December 2022 | 30,420 | |||
| Depreciation and impairment |
||||
| At 1 January 2022 | 1,825 | |||
| Depreciation charged |
in the year | 304 | ||
| At 31 December 2022 | 2,129 | |||
| Carrying amount |
||||
| At 31 December 2022 | 28,291 | |||
| At 31 December 2021 | 28,595 |
| Fixed a | sset investments | |
|---|---|---|
| Unlisted | ||
| investments | ||
| 8 | ||
| Cost or | valuation | |
| At 1 January 2022 | 214,746 | |
| Additions | 7,809 | |
| Valuation | changes | (7,117) |
| At 31 December 2022 | 215,438 | |
| Canying | amount | |
| At 31 December 2022 | 215,438 | |
| At 31 December 2021 | 214,746 |
| 13 | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Amounts falling due |
within one year: | E | E | ||
| Trade debtors | 176 | ||||
| Prepayments | and accrued income | 1,095 | 1,046 | ||
| 1,095 | 1,222 | ||||
| 14 | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| E | E | ||||
| Accruals and | deferred | income | 1,189 | 1,536 |
| Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Resources | Investments | Balance at | Incoming | Resources | Balance at | |
| 1January 2021 |
expended | gains/loosest | January 2022 |
resources | expended | 31 December | |
| 2022 | |||||||
| E | E | E | E | E | E | ||
| Major Repair | |||||||
| Reserve | 63,546 | (7,221) | 6,110 | 62,435 | 7,809 | (4,899) | 65,345 |
| 63.,546 | (7,221) | 6,110 | 62,.435 | 7.809 | (4.899) | 65.345 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Reinvestment % -Amounts spent on new |
properties | as a | 0% | 0% | ||||
| %ofexisting tangible fixed asset value | |||||||||
| 2 | New Supply %-Number of new properties |
acquired | as a % | ||||||
| ofexisting properties owned |
0% | 0% | |||||||
| a. Social Housing Units |
0'/0 | 0% | |||||||
| b. Non Social Housing Units |
|||||||||
| 3 | Gearing %-how much of assets is made |
up | of debt. | This | -1.17% | -1 25% | |||
| result may be negative where the Provider |
has | no | loan | ||||||
| agreements in place |
|||||||||
| 4 | EBITDA MRI Interest Cover %-level of |
earnings | (before | 0% | 0 | ||||
| tax, depreciation, amortisation, major |
repairs | included) | |||||||
| compared to interest payable (financing costs) |
|||||||||
| 5 | Headline Social Housing Cost-total annual |
running | costs | 62,855 | 62,692 | ||||
| per Social Housing Unit owned |
|||||||||
| 6 | Operating Margin %-operating surplus |
as | a % | of | total | ||||
| income | -0.11% | 1.14% | |||||||
| a. Social Housing Letting |
-0.11% | 1.14% | |||||||
| b. Overall | |||||||||
| 7 | Return on Capital Employed %-operating |
surplus | as | a % | -0.01% | 0.07% | |||
| ofnet current assets employed |
| Trustees | Mr PJennings | ||||
|---|---|---|---|---|---|
| Mr DJ Marsden | |||||
| Mr TWatson | |||||
| Mrs B Holden | |||||
| Mr R Done | |||||
| Charity | number | 237056 | |||
| Principal | address | 29 Sunnymere | Drive | ||
| Darwen | |||||
| Lancashire | |||||
| BB31RH | |||||
| Accountants | Hindle Jepson | &Jennings | Ltd | ||
| 10Borough Road | |||||
| Darwen | |||||
| Lancashire | |||||
| BB31PL | |||||
| Bankers | National Westminster |
Bank | pic | ||
| 35 King William | Street | ||||
| Blackburn | |||||
| Lancashire | |||||
| BB17DJ |
| Unrestricted | Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| Notes | |||||||
| com n |
|||||||
| Other trading | activities | 20,157 | 18,952 | ||||
| Investments | 7,963 | 6,296 | |||||
| Other income | 200 | ||||||
| Total income | 28,120 | 25,448 | |||||
| ~Edit | |||||||
| Charitable activities |
6 | 23,145 | 21,842 | ||||
| Net gains/(losses) | on investments | 10 | (7,117) | 17,997 | |||
| Net movement | in funds | (2,142) | 21,603 | ||||
| Fund balances | at 1 January 2022 | 278,759 | 257,156 | ||||
| Fund balances | at | 31 December 2022 | 276,617 | 278,759 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F | |||||||
| Fixed assets | ||||||||
| Tangible assets | 11 | 28,291 | 28,595 | |||||
| Investments | 12 | 215,439 | 214,746 | |||||
| 243,730 | 243,341 | |||||||
| Current assets | ||||||||
| Debtors | 13 | 1,095 | 1,222 | |||||
| Cash at bank and in | hand | 32,981 | 35,732 | |||||
| 34,076 | 36,954 | |||||||
| Creditors: amounts | falling | due within | 14 | |||||
| one year | (1,189) | (1,536) | ||||||
| Net current assets | 32,887 | 35,418 | ||||||
| Total assets less current | liabilities | 276,617 | 278,759 | |||||
| Income funds | ||||||||
| Unrestricted funds |
||||||||
| Designated funds |
15 | 65,345 | 62,435 | |||||
| General unrestricted | funds | 141,346 | 139,281 | |||||
| Revaluation reserve |
69,926 | 77,043 | ||||||
| 276,617 | 278,759 | |||||||
| 276,617 | 278,759 | |||||||
| The accounts were approved | by the Trustees | on ........'.....2.'..P3 |
| Unrestricted | Ufll | asti lcted | ||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| K | ||||
| Maintenance | Contributions | 20,157 | 18,952 |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Income from listed investments | 7,963 | 6,264 | ||||
| Interest receivable | 32 | |||||
| 7,963 | 6,296 | |||||
| 5 | Other income | |||||
| Total | Unrestricted | |||||
| funds | ||||||
| 2022 | 2021 | |||||
| E | E | |||||
| Other income | 200 | |||||
| 6 | Charitable | activities | ||||
| Housing | Housing | |||||
| provision | provision | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Service costs | 2,991 | 2,944 | ||||
| Day to day | maintenance | 16,209 | 15,402 | |||
| 19,200 | 18,346 | |||||
| Share ofgovernance | costs (see note 7) | 3,945 | 3,496 | |||
| 23,145 | 21,842 |
| 7 | Supportcosts | |||||
|---|---|---|---|---|---|---|
| Support | Governance | 2022 | 2021 | Baste ofallocation | ||
| costs | costs | |||||
| Depreciation | 304 | 304 | ||||
| Accountancy | 696 | 696 | 546 | Governance | ||
| Clerks honorarium | 1,555 | 1,555 | 1,488 | Governance | ||
| Sundry | 866 | 866 | 659 | Governance | ||
| Management | 524 | 524 | 499 | Governance | ||
| 3,945 | 3,945 | 3,496 | ||||
| Analysed between |
||||||
| Charitable activities |
3,945 | 3,945 | 3,496 |
| 2022 | 2021 |
|---|---|
| Number | Number |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | ||||
| Revaluation ofinvestments |
(7,117) | 17,997 | ||
| 11 | Tangible fixed assets | |||
| Land and buildings | ||||
| f | ||||
| Cost | ||||
| At 1 January 2022 | 30,420 | |||
| At 31 December 2022 | 30,420 | |||
| Depreciation and impairment |
||||
| At 1 January 2022 | 1,825 | |||
| Depreciation charged |
in the year | 304 | ||
| At 31 December 2022 | 2,129 | |||
| Carrying amount |
||||
| At 31 December 2022 | 28,291 | |||
| At 31 December 2021 | 28,595 |
| Fixed a | sset investments | |
|---|---|---|
| Unlisted | ||
| investments | ||
| 8 | ||
| Cost or | valuation | |
| At 1 January 2022 | 214,746 | |
| Additions | 7,809 | |
| Valuation | changes | (7,117) |
| At 31 December 2022 | 215,438 | |
| Canying | amount | |
| At 31 December 2022 | 215,438 | |
| At 31 December 2021 | 214,746 |
| 13 | Debtors | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Amounts falling due |
within one year: | E | E | ||
| Trade debtors | 176 | ||||
| Prepayments | and accrued income | 1,095 | 1,046 | ||
| 1,095 | 1,222 | ||||
| 14 | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| E | E | ||||
| Accruals and | deferred | income | 1,189 | 1,536 |
| Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Resources | Investments | Balance at | Incoming | Resources | Balance at | |
| 1January 2021 |
expended | gains/loosest | January 2022 |
resources | expended | 31 December | |
| 2022 | |||||||
| E | E | E | E | E | E | ||
| Major Repair | |||||||
| Reserve | 63,546 | (7,221) | 6,110 | 62,435 | 7,809 | (4,899) | 65,345 |
| 63.,546 | (7,221) | 6,110 | 62,.435 | 7.809 | (4.899) | 65.345 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Reinvestment % -Amounts spent on new |
properties | as a | 0% | 0% | ||||
| %ofexisting tangible fixed asset value | |||||||||
| 2 | New Supply %-Number of new properties |
acquired | as a % | ||||||
| ofexisting properties owned |
0% | 0% | |||||||
| a. Social Housing Units |
0'/0 | 0% | |||||||
| b. Non Social Housing Units |
|||||||||
| 3 | Gearing %-how much of assets is made |
up | of debt. | This | -1.17% | -1 25% | |||
| result may be negative where the Provider |
has | no | loan | ||||||
| agreements in place |
|||||||||
| 4 | EBITDA MRI Interest Cover %-level of |
earnings | (before | 0% | 0 | ||||
| tax, depreciation, amortisation, major |
repairs | included) | |||||||
| compared to interest payable (financing costs) |
|||||||||
| 5 | Headline Social Housing Cost-total annual |
running | costs | 62,855 | 62,692 | ||||
| per Social Housing Unit owned |
|||||||||
| 6 | Operating Margin %-operating surplus |
as | a % | of | total | ||||
| income | -0.11% | 1.14% | |||||||
| a. Social Housing Letting |
-0.11% | 1.14% | |||||||
| b. Overall | |||||||||
| 7 | Return on Capital Employed %-operating |
surplus | as | a % | -0.01% | 0.07% | |||
| ofnet current assets employed |