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|CONTENTS|||PAGE|
|---|---|---|---|
|Report ofthe Executive|Committee||1-3|
|Statement ofExecutive|Committee's|Responsibilities||
|Independent
Examiner's|Report|||
|Statement ofFinancial|Activities|||
|Balance Sheet||||
|Notes to the Financial Statements|||8 —13|
|Detailed Hostel Property|Revenue Account|||
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|Committee
who served durin|g the year:|
|---|---|
|Mr BDye
MrsJMcNeal|Chairman
House Chairman|
|Miss H0 M Spurgeon||
|Mrs RFountain||
|Mrs P Pont||
|Mr SRaby||
|Mrs SBulwer|Resigned 01/06/202 1|
|Dr CJF Manning|Appointed 02/11/2021|
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|Professional|Advisors:|||
|---|---|---|---|
|Independent|Examiners|A H Cross 6Co|Limited|
|||Chartered
Certified Accountants||
|||16Quay Street||
|||Newport||
|||Isle ofWight||
|||PO30 5BG||
|Bankers||Lloyds Bank pic||
|||35 Union Street||
|||Ryde||
|||Isle ofWight||
|||PO33 2LE||
|Solicitors||Robinson Jarvis|Br.Rolf|
|||18Melville Street||
|||Ryde||
|||Isle ofWight||
|||PO33 2AP||
|Investment|Advisors|Charles Stanley|SCo Ltd|
|||55 Bishopsgate||
|||London||
|||EC2N 3AS||
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||||Notes|2022||2021|
|---|---|---|---|---|---|---|
|INCOMING RESOURCES|||||||
|Incoming
resources from|operating|activities in furtherance||ofthe Charity's|objects:||
|Residents' charges||||172,382||165,082|
|Investment
income||||29,015||28,385|
|Other income||||||300|
|Rental income||||2,400||2,200|
|Grants received||||||2 755|
|Total incoming resources||||203 797||198722|
|RESOURCES EXPENSES|||||||
|Charitable
expenditure
in|furtherance||ofthe Charity's objects:||||
|Repairs and maintenance||||11,982||12,630|
|Service costs||||165,762||155,742|
|Management
and administration||||24 341||21 679|
|Total resources expended||||202 085||190051|
|Net incoming resources
Unrealised
gains/(losses)|on investments|||1,712
34689||8,671
112917|
|||||36,401||121,588|
|Total funds brought
forward||||1497921||1 376333|
|Total funds carried forward||||R~)~4||K~147~|
|All funds are unrestricted.|||||||
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||||Notes|2022|2021|
|---|---|---|---|---|---|
|TANGIBLE FIXEDASSETS||||||
|Housin
Land and Buildin|s|||||
|Gross cost||||797,007|797,007|
|Social Housing grant||||41,007|41,007|
|Depreciation||||126585|115074|
|Net book value||||629,415|640,926|
|Furnishin
s and E ui ment|||10|11879|9 169|
|||||641,294|650,095|
|INTANGIBLE FIXEDASSETS||||||
|Investments||||748815|714 126|
|TOTAL FIXEDASSETS||||1 390 109|1 364 221|
|CURRENT ASSETS||||||
|Cash at bank and in hand||||150,129|142,729|
|CURRENT LIABILITIES||||||
|Creditors: amounts
falling due within||one year|12|5915|9029|
|NET CURRENT ASSETS||||144214|133700|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||8~4979
1|
|Represented
by:||||||
|UNRESTRICTED FUNDS|||13||k:~14 7~1|
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|3,|HOUSING STOCK|||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||Hostel accommodation|—number||ofbed||spaces|||15|
|4,|OPERATING COSTS|||||||||
|||||||||2022|2021|
||Operating costs include:|||||||||
||Independent
Examiner's
Depreciation|remuneration||||(including|other services)|1,656
15233|1,607
13313|
||||||||||R1!~4|
|5.|INTEREST RECEIVABLE AND SIMILAR|||||INCOME||||
|||||||||2022|2021|
||Listed investment
income (gross)
Lloyds TSBdeposit interest
(gross)|||||||28,978
2|28,293
5|
||COIF deposit interest
(gross)|||||||35|87|
|6.|GRANTS RECEIVED|||||||||
|||||||||2022|2021|
||HMRC —Job Retention
Infection Control Grant|Scheme Grants|||||||2,139
616|
||||||||||4~7~5|
|7.|EMPLOYEES|||||||||
|||||||||2022|2021|
||Employee costs;|||||||||
||Salaries and wages
Pension contributions|||||||89,089
557|87,222
586|
||National insurance
contributions|||||||||
|||||||||g8c}~a+|K~87 !M|
||Average number ofpersons employed||||during|||||
||the year including
part-time||employees:|||||||
|||||||||2022|2021|
||Hostel staff|||||||12|12|
|8.|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|ETC||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022|2021|
||Fees, remuneration
or expenses|payable||to members|||of|the|||
||Society
who
were
neither
members||of|the||Committee||of|||
||Management,
nor employees ofthe Society||||||||||
||Fees, remuneration
or expenses|payable||to members|||of|the|||
||Committee
of Management
of the Society|||who||were|neither||||
||officers nor employees
ofthe Society||||||||Nil|Nil|
||Fees, remuneration
or expenses paid||to officers|||of the|Society||||
||who were not employees|||||||||Nil|
||Payments
or gifts made, or benefits||granted,||to the||persons||||
||referred
to in section 13 and 15|of the Housing||||Associations|||||
||Act 1996||||||||Nil|Nil|
|9.|HOUSING
LAND AND BUILDINGS||||||||||
||SHG Assisted Schemes —Freehold||||||||||
||||||||||2022|2021|
||Cost —Com
leted Schemes||||||||||
||At 1 April 2021 and 31March 2022||||||||797007|797007|
||~De reciation||||||||||
||At 1 April 2021||||||||115,074|103,563|
||Charge for the period||||||||11511|11511|
||At 31March 2022||||||||126585|115074|
||SOCIAL HOUSING
GRANT||||||||41007|41007|
||Net Book Value||||||||||
||At 31March 2022||||||||K@29~41|40 926|
|10.|FURNISHINGS
AND EQUIPMENT|FURNISHINGS
AND EQUIPMENT|||
|---|---|---|---|---|
||||2022|2021|
||Cost||||
||At 1 April 2021
Additions||67,802
6432|64,744
3058|
||At 31 March 2022||74 234|67802|
||D~ereciaticc||||
||At 1 April 2021
Charge for the period
On disposals||58,633
3,722|56,331
2,302|
||At 31 March 2022||62 355|58633|
||Net Book Value||||
||At 31March 2022||8~1187|R ~91~|
|11.|INVESTMENTS||||
||||2022|2021|
||Listed investments||||
||At 1 April 2021
Shares purchased||714,126|601,209|
||Shares sold||||
||Unrealised
surplus|on revaluation|714,126
34689|601,209
112917|
||||8~748 81|R714~1|
||Historical cost at 1 April 2021
Cost ofshares purchased
Cost ofshares sold||487,654
35,997
~38402|500,474
108,946
~121766)|
||Historical cost||K4I~49|8~487
4|
|12.|CREDITORS||||
||||2022|2021|
||Amounts
failing due
Sundry creditors|within one year:|R~~l||
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||General|Revaluation|||
|---|---|---|---|---|
||Reserve|Reserve|2022|2021|
|At 1 April 2021|1,128,774|369,147|1,497,922|1,376,333|
|Net movement
offunds
Transfer ofrevaluation|36,401.
~34689|34689|36,401|121,588|
|At 31March 2022|R1 ~10~4|k~~|R~l:~@3|Pc~1497~|
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