| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors | 6 | to | 9 |
| Statement of Financial Activities | 10 | ||
| Balance Sheet | 11 | ||
| Notes tothe Financial Statements | 12 | to | 21 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3 | 2451 | - | 2,451 | 10,405 |
| Charitable activities | 5 | ||||
| Housing services | 293,862 | - | 293,862 | 255,199 | |
| Investment income | 4 | 607 | 607 | 19 | |
| Total | 296,920 | 296,920 | 265,623 | ||
| EXPENDITURE ON | |||||
| Raising funds | 6 | 126 | - | 126 | 390 |
| Charitable activities | 7 | ||||
| Housing services | 229,669 | 29,232 | 258,901 | 328,114 | |
| Total | 229,795 | 29,232 | 259,027 | 328,504 | |
| NET INCOME/(EXPENDITURE) | 67,125 | (29,232) | 37,893 | (62,881) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought foward | 4,949,173 | 274,657 | 5,223,830 | 5,286,711 | |
| TOTAL FUNDS CARRIED FORWARD | 5,016,298 | 245,425 | 5,261,723 | 5,223,830 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible assets | 13 | 2,100 | 2,100 | 4,200 | |
| Tangible assets | 14 | 5,345,763 | 241,536 | 5,587,299 | 5,664,357 |
| 5,347,863 | 241,536 | 5,589,399 | 5,668,557 | ||
| CURRENT ASSETS | |||||
| Debtors | 15 | 60,299 | 60,299 | 6,619 | |
| Cash at bank | 205,053 | 3,889 | 208,942 | 1 76,969 | |
| 265,352 | 3,889 | 269,241 | 183,588 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 1 6 | (64,986) | (64,986) | (80,874) | |
| NET CURRENT ASSETS | 200,366 | 3,889 | 204,255 | 102,714 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 5,546,229 | 245,425 | 5,793,654 | 5,771,271 | |
| CREDITORS | |||||
| Amounts falling due after more than one year | 17 | (531,931) | (531,931) | (547,441) | |
| NET ASSETS | 5,016,298 | 245,425 | 5261 723 | 5,223,830 | |
| FUNDS | 20 | ||||
| Unrestricted funds | 5,016,298 | 4,949,173 | |||
| Restricted funds | 245,425 | 274,657 | |||
| TOTAL FUNDS | 5,261,723 | 5,223,830 |
| contract that evidences a residu DONATIONS AND LEGACIES |
al interest in the assets of the comp | any after deducting all of its lia | bilities. |
|---|---|---|---|
| 2023 | 2022 | ||
| Donations | £ 2,451 |
£ 10,405 |
|
| INVESTMENT INCOME | |||
| 2023 | 2022 | ||
| Deposit account interest | £ 607 |
£ 19 |
|
| INCOME FROM CHARITABLE | ACTIVITIES | ||
| 2023 | 2022 | ||
| Rental income | Activity Housing services |
£ 293,862 |
£ 255,199 |
| Other trading activities | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Trustees expenses | 174 | |||
| Just Giving charges | 126 | 216 | ||
| 126 | 390 | |||
| 7. | CHARITABLE ACTIVITIES COSTS | |||
| Direct | Support | |||
| Costs (see | costs (see | |||
| note 8) | note 9) | Totals | ||
| £ | £ | £ | ||
| Housing services | 254,143 | 4,758 | 258,901 | |
| 8. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Rates and water | 1,486 | 664 | ||
| Service costs | 59,124 | 145,147 | ||
| Grounds maintenance | 15,746 | 13171 | ||
| Managementfee | 42,619 | 41.341 | ||
| Rents | 6,000 | 6,000 | ||
| Insurance | 8,984 | 7,956 | ||
| Data processing | 348 | 120 | ||
| General costs | 767 | 650 | ||
| Appeals and donations | 254 | 100 | ||
| Bank charges | 70 | 34 | ||
| Bad debts | 1,338 | 1,401 | ||
| Internet hosting | 450 | 465 | ||
| Depreciation | 89,774 | 89,406 | ||
| Interest payable and similar charges | 27,183 | 16,211 | ||
| 254,143 | 322,726 |
| Governance costs | ||
|---|---|---|
| 2023 | 2022 | |
| Housing | Total | |
| services | activities | |
| Auditors remuneration Accountancy and legal fees |
£ 4,350 408 |
£ 4,920 468 |
| 4,758 | 5388 | |
| NET INCOMEI(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2023 | 2022 | |
| Auditors! remuneration Depreciation - owned assets |
£ 4,350 87,674 |
£ 4,g20 87,306 |
| Computer software amortisation | 2,100 | 2,100 |
| Trustee | Annual | rental | Annual | rental |
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| M Doyle M Martin |
5,393 5,563 |
5,181 5,345 |
||
| Total | 10,956 | 10,526 | ||
| Trustees’ expenses | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Trustees’ expenses | 174 |
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 10405 | - | 10405 | |
| charitable activities | ||||
| Housing services | 255,199 | - | 255,199 | |
| Investment income | 19 | 19 | ||
| Total | 265,623 | 265,623 | ||
| EXPENDITURE ON | ||||
| Raising funds | 390 | - | 390 | |
| Charitable activities | ||||
| Housing services | 298,882 | 29,232 | 328,114 | |
| Total | 299,272 | 29,232 | 328,504 | |
| NET INCOME/(EXPENDITURE) | (33,649) | (29,232) | (62,881) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 4,982,822 | 303,889 | 5,286,711 | |
| TOTAL FUNDS CARRIED FORWARD | 4,949,173 | 274,657 | 5,223,830 | |
| 13. | INTANGIBLE FIXED ASSETS | |||
| Computer | ||||
| software | ||||
| £ | ||||
| COST | ||||
| At 1 April 2022 and 31 March 2023 | 10,500 | |||
| AMORTISATION | ||||
| At 1 April 2022 | 6,300 | |||
| Charge for year | 2,100 | |||
| At 31 March 2023 | 8,400 | |||
| NET BOOK VALUE | ||||
| At 31 March 2023 | 2,100 | |||
| At31 March2022 | 4.200 |
| Improvements | Fixtures | - | |||
|---|---|---|---|---|---|
| Freehold | to | and | Computer | ||
| property | property | fittings | equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 1 April2022 Additions |
6,047048 10,174 |
43,280 - |
19,795 442 |
2,978 - |
6,113,101 10,616 |
| At 31 March 2023 | 6,057,222 | 43,280 | 20,237 | 2978 | 6,123.717 |
| DEPRECIATION | |||||
| At 1 April 2022 Charge for year |
431,189 81,408 |
5,112 1,732 |
10,362 3,995 |
2,081 539 |
448,744 87,674 |
| At 31 March 2023 | 512,597 | 6,844 | 14,357 | 2,620 | 536,418 |
| NET BOOK VALUE | |||||
| At 31 March 2023 | 5,544,625 | 36436 | 5,880 | 358 | 5,587,299 |
| At 31 March 2022 | 5,615,859 | 38168 | 9,433 | 897 | 5664.357 |
| DEBTORS: AMOUNTS FALLING DUE WITHIN O | NE YEAR | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Other debtors Prepayments |
58,769 1,530 |
5,287 1,332 |
| 60,299 | 6,619 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Bank loans and overdrafts (see note 18) | 16,955 | 22,823 |
| Other creditors | 35,538 | 48,801 |
| Accruals and deferred income | 12,493 | 9,250 |
| 64,986 | 80.874 |
| CREDITOR | S: AMOUNTS FALLING DUE AFTER MORE THAN ON | E YEAR | |
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Bank loans | (see note 18) | 531,931 | 547,441 |
| LOANS | |||
| An analysis of the maturity of loans is given below: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Bank loans | 16,955 | 22,823 | |
| Amounts falling due between two and five years: | |||
| Bank loans | - 2-5 years | 50,996 | 100.774 |
| Amounts falling due in more than five years: | |||
| Repayable by instalments: | |||
| Bank loans | more Syr by instal | 450,935 | 446,667 |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Bank | loans | 548,886 | 570,264 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/4/22 | in funds | funds | 31/3/23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1218,322 | 67,125 | 10,202 | 1,295,649 |
| Revaluation fund | 3730,851 | - | (10,202) | 3,720,649 |
| 4,949,173 | 67,125 | - | 5016,298 | |
| Restricted funds | ||||
| Welfare fund | 3,889 | - | - | 3,889 |
| Property redevelopment | 270,768 | (29,232) | 241,536 | |
| 274,657 | (29,232) | - | 245,425 | |
| TOTAL FUNDS | 5,223,830 | 37,893 | - | 5,261,723 |
| Net movement in funds, included in the above | are as follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 296,920 | (229,795) | 67,125 |
| Restricted funds | |||
| Property redevelopment | - | (29,232) | (29,232) |
| TOTAL FUNDS | 296,920 | (259,027) | 37,893 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/4/21 | in funds | funds | 31/3/22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 1,241,769 | (33,649) | 10,202 | 1,218,322 |
| Revaluation fund | 3,741,053 | - | (10,202) | 3,730,851 |
| 4,982,822 | (33,649) | - | 4,949,173 | |
| Restricted funds | ||||
| Welfare fund | 3,889 | - | - | 3,889 |
| Property redevelopment | 300,000 | (29,232) | 270,768 | |
| 303.889 | (29,232) | 274,657 | ||
| TOTAL FUNDS | 5,286,711 | (62,881) | 5,223,830 |
| Comparative net movement in funds, included | in the above are as follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 265,623 | (299,272) | (33,649) |
| Restricted funds | |||
| Property redevelopment | - | (29,232) | (29,232) |
| TOTAL FUNDS | 265623 | (328,504) | (62,881) |