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|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|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
||||Notes|||
|Igggtft~||||||
|Donations
and|legacies|||11,900||
|Charitable
activities||||21,632|20,157|
|Investments||||8,736|7,963|
|Total income||||42,268|28,120|
|~x~nl~iaJt0||||||
|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|
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||||||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~|||||
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|21,632|20,157|
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|||||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|
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|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||
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|2023|2022|
|---|---|
|Number|Number|
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|2023|2022|
|---|---|
|f|8|
|4,622|(7,117)|
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|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|
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|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|
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|||||||||||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|||||||||||
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