2023-12-31-accounts

Trustees	Mr P Jennings
	Mr DJMarsden	(vice	chair)
	Mr TWatson
	Mrs BHolden (chair)
	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
	BBI7DJ

		Page
Trustees' report
Accountants' report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	5-12

				Unrestricted	Unrestricted
				funds	funds
				2023	2022
			Notes
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Donations and	legacies			11,900
Charitable activities				21,632	20,157
Investments				8,736	7,963
Total income				42,268	28,120
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Charitable activities			6	23,006	23,145
Net gains/(losses)		on investments	10	4,622	(7,117)
Net movement	in	funds		23,884	(2,142)
Fund balances	at 1 January 2023			276,617	278,759
Fund balances	at	31 December 2023		300,501	276,617

					2023		2022
				Notes
Fixed assets
Tangible assets				12		27,987		28,291
Investments				13		228,642		215,439
						256,629		243,730
Current assets
Debtors				14	1,232		1,095
Cash at bank and	in	hand			43,872		32,981
					45,104		34,076
Creditors: amounts		falling	due within	15
one year					(1,232)		(1,189)
Net current assets						43,872		32,887
Total assets less current liabilities						300,501		276,617
Income funds
t)gt~stric ~I8KLs
Designated funds				18	66,730		65,345
General unrestricted		funds			159,224		141,346
Revaluation reserve					74,547		69,926
						300,501		276,617
						300,501		276,617
					I
The accounts were	approved		by the Trustees	on ......../.../.....'j... gI/g/g~

Unrestricted	Unrestricted
funds	funds
2023	2022
21,632	20,157

				Unrestricted	Unrestricted
				funds	funds
				2023	2022
				6	6
Income	from	listed	investments	8,736	7,963

		Housing	Housing
		provision	provision
		2023	2022
		6
Service costs		3,272	2,991
Day to day maintenance		15,642	16,209
		18,914	19,200
Share ofgovernance	costs (see note 7)	4,092	3,945
		23,006	23,145

7	Supportcosts
		Support	Governance	2023	2022	Basis ofallocation
		costs	costs
			5
	Depreciation		304	304	304
	Accountancy		762	762	696	Governance
	Clerks honorarium		1,656	1,656	1,555	Governance
	Sundry		828	828	866	Governance
	Management		542	542	524	Governance
			4,092	4,092	3,945
	Analysed between
	Charitable activities		4,092	4,092	3,945

2023	2022
Number	Number

2023	2022
f	8
4,622	(7,117)

Tangible fixed assets
		Land and buildings
		8
Cost
At 1 January 2023		30,420
At 31 December 2023		30,420
Depreciation and impairment
At 1 January 2023		2,129
Depreciation charged	in the year	304
At 31 December 2023		2,433
Carrying amount
At 31 December 2023		27,987
At 31 December 2022		28,291

		Unlisted
		investments
		f
Cost or	valuation
At 1 January 2023		215,439
Additions		8,582
Valuation	changes	4,621
At 31 December 2023		228,642
Carrying	amount
At 31 December 2023		228,642
At 31 December 2022		215,439

14	Debtors
				2023	2022
	Amounts falling due		within one year:	6	6
	Prepayments	and accrued income		1,232	1,095
15	Creditors: amounts		falling due within one year
				2023	2022
				6
	Accruals and	deferred	income	1,232	1,189

		Movement	in funds		Movement	in funds
	Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1 January 2022	resources	expended1	January 2023	resources	expended	31 December
							2023
	6	f	6		6	6
Major Repair
Reserve	62,435	7,809	(4,899)	65,345	8,582	(7,197)	66,730
	62,435	7,809	(4,899)	65,345	8,582	(7,197)	66,730

										2023	2022
1	Reinvestment % -Amounts spent on		new		properties				as a	0'k	P%
	%ofexisting tangible fixed asset value
2	New Supply %-Number of new	properties		acquired				as a 'k
	ofexisting properties owned
	a. Social Housing Units									0%	0'/o
	b. Non Social Housing Units									0%	0'/0
3	Gearing %-how much of assets	is made			up	of debt.			This	-1.57%	-1 17%
	result may be negative where	the Provider				has	no		loan
	agreements in place
4	EBITDA MRI Interest Cover %-level		of	earnings				(before		0%	p
	tax, depreciation, amortisation,	major		repairs			included)
	compared to interest payable (financing		costs)
5	Headline Social Housing Cost-total annual					running			costs	f2,838	82,855
	per Social Housing Unit owned
8	Operating Margin 'k-operating	surplus		as		a %		of	total
	income
	a. Social Housing Letting									1 10%	-0 11%
	b. Overall									071%	-0.11%
7	Return on Capital Employed %-operating				surplus		as		a %	P P8%	-P P1%
	ofnet current assets employed