| PAGES | ||
|---|---|---|
| Trustees' Annual Report |
||
| Statement of Trustees' |
Repsonsibilities | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8-11 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | ||||
| INCOllllE (all unrestricted) | ||||
| Rents | 49,362 | 46,554 | ||
| Charities deposit fund interest | 39 | 9 | ||
| NAACIF income shares | 265 | 244 | ||
| Other | 30 | |||
| TV Licence refund | 8 | |||
| TOTAL RECEIPTS | 49,703 | 46,807 | ||
| EXPENDITURE (all | unrestricted) | |||
| Water and drainage | rates | 1,319 | 1,225 | |
| Outside lighting |
867 | 505 | ||
| Gas | 2,256 | 1,668 | ||
| Insurance | 1,633 | 1,561 | ||
| Property maintenance | 6,485 | 4,392 | ||
| Garden maintenance |
4,972 | 4,761 | ||
| Repairs 8 maintenance | 9,314 | 4,041 | ||
| National Association |
of Almshouses | 539 | 187 | |
| Clerk's fees | 6,000 | 6,000 | ||
| Accountancy | 1,080 | 960 | ||
| Professional fees | 720 | |||
| General expenses | 298 | 246 | ||
| Piper lifeline | 337 | 374 | ||
| TOTAL EXPENDITURE | 35,099 | 26,640 | ||
| Net Surplus/(deficit) | for the year | 14,605 | 20,167 | |
| Unrestricted funds B/F |
61,325 | 41,158 | ||
| Unrestricted funds C/F |
75,930 | 61,325 | ||
| Revaluation Reserve |
movement | 3,339 | (1,324) | |
| Unrestricted Revaluation |
Reserve B/F | 968,010 | 969,334 | |
| Unrestricted Revaluation |
Reserve C/F | 971,349 | 968,010 | |
| Total funds | 1,047,279 | 1,029,335 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | E | |||||
| ASSETS | ||||||
| FIXEDASSETS | ||||||
| Freehold property | 971,617 | 971,617 | ||||
| Less social housing | grant | (35,717) | (35,71 7) | |||
| 935,900 | 935,900 | |||||
| CURRENT ASSETS | ||||||
| Debtors and | prepayments | 5 | ||||
| Investments | 8 | 55,746 | 52,407 | |||
| Cash at bank | 26,212 | 64,796 | ||||
| COIF deposit | funds | 50,931 | 892 | |||
| 132,889 | 118,095 | |||||
| 1,068,789 | 1,053,995 | |||||
| LIABILITIES | ||||||
| CREDITORS | (21,510) | (24,660) | ||||
| 1,047,279 | 1,029,335 | |||||
| REPRESENTED BY | ||||||
| Unrestricted | funds | 75,930 | 61,325 | |||
| Unrestricted | Revaluation | Reserve | 971,349 | 968,010 | ||
| 1,047,279 | 1,029,335 | |||||
| APPROVED | ON BEHALF | OF THE TRUSTEES: | ||||
| ~....,....Trustee | Trustee | |||||
| r T Hannah | Mr J Attwater | |||||
| ~9... ..P...:.+4.DATE | ~....~..kf.....DATE |
| T |
O THE ACCOUNTS (CONTINUED) |
O THE ACCOUNTS (CONTINUED) |
||
|---|---|---|---|---|
| E | YEAR ENDED 31DECEMBER 2023 | PAGE 9 | ||
| 4. | FIXEDASSETS | Total | ||
| E | ||||
| VALUATION | ||||
| At1 January2023 | 971,617 | |||
| At 31 December 2023 | 971,617 | |||
| Less | ||||
| SOCIAL HOUSING | GRANT | |||
| At 1 January 2023 and 31 December 2023 | 35,717 | |||
| NET BOOK VALUE | ||||
| At 1 January2023 | 935,900 | |||
| At 31 December 2023 | 935,900 |
| CREDITORS | |||
|---|---|---|---|
| 2023 | 2022 | ||
| E | 6 | ||
| Accountancy | 960 | 960 | |
| Loan From Almshouses | Association | 20,550 | 23,700 |
| 21,510 | 24,660 |
| COST | MARKET | VALUE | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | E | |||
| NAACIF | Accumulation | 11,798 | 49,125 | 46,254 |
| NAACIF | Income | 2,731 | 6,621 | 6,153 |
| 14,529 | 55,746 | 52,407 |