## |||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)| ## ## ## ## ## ##