THE FENCE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
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|Contents||||
|---|---|---|---|
||||Page|
|Registered
Social Housing
Provider||Information||
|Report ofthe Trustees||||
|Independent
Auditor's|Report|||
|Statement of Comprehensive
Income|||10|
|Statement of Financial|Position|||
|Notes to the Financial|Statements||12|
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|Registered|Charity number||237291|
|---|---|---|---|
|Regulator|ofSocial Housing|registration|A3989|
|number||||
|Trustees of|the Charity|
|---|---|
|Manager||
|Registered|office|
|Auditor||
|Solicitor||
|Bankers||
|Cllr.Mr. N. P.|Cllr.Mr. N. P.|Mannion|Mannion|(Chair)|
|---|---|---|---|---|
|Mis. D. Bentley|||Smith||
|Mr. P. Tyrrell|||||
|Mr. E. Hunter|||||
|Ms. F.Wilson|||||
|2 Sherwood|Road||||
|Macclesfield|||||
|Cheshire|||||
|SK11 7RR|||||
|Harts
Ltd|||||
|Westminster||House|||
|10Westminster|||Rd||
|Macclesfield|||||
|Cheshire|||||
|SK101BX|||||
|Wains Solicitors|||||
|39 —43 Churchside|||||
|Macclesfield|||||
|Cheshire|||||
|SK101HW|||||
|Natwest
Bank|||||
|2 Chestergate|||||
|Macclesfield|||||
|Cheshire|||||
|SK11BBS|||||
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|STATE|MENT OF COMPR|EHEN|SIVE
INCOME (Including
Inco|me and|Expenditure|Account)|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||Contfnufng|Continuing|
||||||Operations|Operatfons|
||||||TOTAL|TOTAL|
|||||||6|
|Turnover||||2|63,075|63,025|
|Donations|received||||||
|Administrative
expenditure||||2|(52,490)|(38,727)|
|Operating|surplus I(deficit)||||10,585|24,298|
|interest receivable and similar income||||4|189|5|
|Interest payable and similar charges||||4|(1,511)|(2,387)|
|Surplus I|(deficit) on ordinary|activities for the year before tax|||9,263|21,916|
|Tax on surplus
/ (deficit) on ordinary|||activities||||
|Surplus I|(deficit) for the year|after|tax||9,263|21,916|
|Total comprehensive
income||for the year|||9,263|21,916|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||~e|6||
|Fixed assets||||||||
|Tangible
fixed assets|||||7|625.418|625,418|
|Improvements
to property|||||7|56,434|67,588|
|||||||681,852|693,006|
|Current assets||||||||
|Debtors|||||8|6,834|14,665|
|Cash at bank and
in||hand||||59,756|45,962|
|||||||66,590|60,627|
|Creditors: amounts||falling||due within one year|9|(15,328)|(18,344)|
|Net current assets|/|(liabilities)||||51,262|42,283|
|Total assets less current||||liabilities||733,114|735,289|
|Creditors: amounts||falling||due after mors than one year|10|(2,070)|(13,508)|
|Total net assets I(liabilities)||||||||
|||||||731,044|721,781|
|Reserves||||||||
|Income and expenditure|||reserve||15|253,933|244,670|
|Endowment
reserve|||||15|477,111|477,111|
|Total Reserves||||||||
|||||||731,044|721,781|
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|ulars
ofturnov|er
|and|admin|istr||ative
expenditu|re
from social|housing
lettings||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||Total|Total|
|Turnover||||||||||
|Rent receivable|net|of|identNable|||service charges||63,075|63,025|
|Donations
received||||||||||
|Turnover from|social||housing||lettings|||63,075|63,025|
|Administrative|expenditure|||||||||
|Manager's
remuneration||||||||6,500|5,447|
|Routine maintenance||||||||10,928|11,661|
|Garden
upkeep||||||||2,130|2,836|
|Council tax||||||||||
|Electricity||||||||244|282|
|Insurance||||||||3,212|4,469|
|Legal &Professional||||||||||
|Auditors fee||||||||2,586|2,310|
|Subscriptions||||||||521|506|
|Training||||||||||
|Print, post &stationery||||||||214|61|
|Management
fees||||||||||
|Bad debts||||||||15,000||
|Depreciation
of|housing||properties|||||11,155|11,155|
|Administrative|expenditure|||on||social housing|lettings|52,490|38,727|
|Operating
surplus||I(deficit)||on||social housing|lettings|10,585|24,298|
|Void losses||||||||||
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|3|Accommodation
owned and|Accommodation
owned and|Accommodation
owned and|in management|in management||||
|---|---|---|---|---|---|---|---|---|
|||||||Number|of|Number of|
|||||||units at||units at|
|||||||31~March||31~March|
|||||||2023||2022|
||Completed|units:|||||||
||General|needs housing|||||||
||Housing|for older people|||||||
||Commercial
property||||||||
|4|Interest and other finance||income and charges||||||
||a)
Interest|receivable
and similar income|||||||
|||||||2023||2022|
||Bank interest receivable||||||189||
||b) Interest|payable and similar charges|||||||
|||||||2023||2022|
||||||||8||
||Bank loans|and overdrafts|||||1,511|2,387|
|5|Surplus
/ (deficit) on ordinary|||activities|||||
||Surplus
/ (deficit) on ordinary||activities||is stated after charging|/ (crediting):|||
|||||||2023||2022|
||||||||8||
||Auditor's
remuneration||||||2,586|2,310|
||Depreciation|oftangible
fixed|assets|||11,155||11,155|
||Impairment|losses current asset investments|||||||
|||||||13,741||13,465|
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||Housing|Housing|||
|---|---|---|---|---|
||properties||Improvements
to||
||for letting
including
non-||property|Total|
||social housing||||
||letdngs||||
|Cost|||||
|At1"April 2022||625,418|111,546|736,964|
|Additions|||||
|At31"March 2023||625,418|111,546|736,964|
|Depreciation:|||||
|At 1"April 2022|||43,957|43,957|
|Charge for year|||11,155|11,155|
|At31"March 2023|||||
||||55,112|55,112|
|Net book value:|||||
|At31"March 2023||625,418|56,434|681,852|
|At31"March 2022||625,418|67,589|693,007|
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||The net book|The net book|value of land and buildings|value of land and buildings|value of land and buildings|comprised:|||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||Land and buildings:||||||||
||Freehold||||||681,852|693,006|
|8|Debtors||||||||
||||||||2023|2022|
||||||||6|F|
||Trade debtors||||||5,218|12,076|
||Other debtors||||||801|801|
||Prepayments||and accrued||income||815|1,788|
||||||||6,834|14,665|
|9|Creditors:|amounts||falling due within||one year|||
||||||||2023|2022|
|||||||||6|
||Bank loans|and overdrafts|||||8,250|8,250|
||Rents paid|in advance|||||2,029|2,029|
||Stanley and|Brocklehurst|||Almshouses|||3,154|
||Other creditors||||||2,601|2,601|
||Accruals and deferred|||income|||2,448|2,310|
||||||||15,328|18,344|
|||2023|2022|
|---|---|---|---|
|Bank loans and overdrafts||2,070|13,508|
|Stanley and Brocklehurst|Almshouses|||
|||2,070|13,508|
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|Reserves|||||||||
|---|---|---|---|---|---|---|---|---|
|a) Total reserves|||||||||
||||||||2023|2022|
||||||||6|F|
|Income &expenditure|reserve|||brought|forward||244,670|222,754|
|Endowment
reserve brought|||forward||||477,111|477,111|
|Balance brought
forward|||||||721,781|699,865|
|Income and expenditure||surplus||I(deficit) at year end|||9,263|21,916|
|Total reserves carried forward|||||||731,044|721,781|
|b) Shown as|||||||||
||||||||2023|2022|
||||||||8|6|
|Income and expenditure||reserve (unrestricted||||reserve)|253,933|244,670|
|Endowment
reserve (restricted||||reserve)|||477,111|477,111|
|Balance cerned
forward|||||||731,044|721,781|