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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|
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|Independent|Examiners|A H Cross 8 Co 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 SRolf|
|||18Melville Street|
|||Ryde|
|||Isle ofWight|
|||PO33 2AP|
|Investment|Advisors|Charles Stanley R Co Ltd|
|||55 Bishopsgate|
|||London|
|||EC2N 3AS|
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||||Notes||2023||2022|
|---|---|---|---|---|---|---|---|
|INCOMING RESOURCES||||||||
|Incoming resources from|operating|activities in furtherance|||ofthe Charity's|objects:||
|Residents' charges|||||179,794||172,382|
|Investment
income|||||30,222||29,015|
|Other income|||||1,000|||
|Rental income|||||2,400||2,400|
|Grants received||||||||
|Total incoming resources|||||213416||203797|
|RESOURCES EXPENSES||||||||
|Charitable
expenditure
in|furtherance||ofthe Charity's|objects:||||
|Repairs and maintenance
Service costs|||||17,437
169,206||11,982
165,762|
|Management
and administration|||||24 428||24 341|
|Total resources expended|||||211071||202 085|
|Net incoming
resources
Unrealised
(losses)/gains|on investments||||2,345
~56771||1,712
34689|
||||||(54,426)||36,401|
|Total funds brought
forward|||||1 534 323||1497922|
|Total funds carried forward|||||Ri1479~||R~l-)~4|
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|BALANCE SHEET|||||
|---|---|---|---|---|
|FOR THE YEAR ENDED 31|MARCH 2023||||
|||Notes|2023|2022|
|TANGIBLE FIXED ASSETS|||||
|Housin
Land and Buildin|s||||
|Gross cost|||811,890|797,007|
|Social Housing grant
Depreciation|||41,007
138812|41,007
126585|
|Net book value|||632,071|629,415|
|Furnishin
sand E ui ment||10|9 232|11879|
||||641,303|641,294|
|INTANGIBLE FIXED ASSETS|||||
|Investments|||692 044|748815|
|TOTAL FIXED ASSETS|||1 333347|1 390 109|
|CURRENT ASSETS|||||
|Debtors and prepayments
Cash at bank and in hand||12|151221|150 129|
||||151,221|150,129|
|CURRENT LIABILITIES|||||
|Creditors: amounts
falling due within one year||13|4 671|5 915|
|NET CURRENT ASSETS|||146550|144214|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||8~14~7997|R~14~$|
|Represented
by:|||||
|UNRESTRICTED FUNDS||14|K~47~$7|f~153~423|
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|3.|HOUSING STOCK|||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
||Hostel accommodation
—number|||ofbed||spaces|||15|
|4.|OPERATING COSTS|||||||||
|||||||||2023|2022|
||Operating
costs include:
Independent
Examiner's
Depreciation|remuneration||||(including|other services)|1,674
14873|1,656
13233|
||||||||||K~189|
|5.|INTEREST RECEIVABLE|AND SIMILAR||||INCOME||||
|||||||||2023|2022|
||Listed investment
income (gross)
Lloyds TSBdeposit interest
(gross)
COIF deposit interest
(gross)|||||||28,712
39
1 471|28,978
2
35|
|||||||||8~30 22||
|6.|OTHER INCOME|||||||||
||Donations
and legacies|||||||900||
||Other income|||||||100||
|||||||||R~NtQ||
|7,|EMPLOYEES|||||||||
|||||||||2023|2022|
||||||||||R|
||Employee costs:
Salaries and wages
Pension contributions|||||||92,851
615|89,089
557|
||National
insurance
contributions|||||||||
|||||||||R9,'~4/j|8~8646|
||Average number ofpersons||employed||during|||||
||the year including
part-time||employees:|||||2023|2022|
||Hostel staff|||||||12|12|
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|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,|PAYMENTS TO MEMBERS, COMMITTEE MEMBERS, OFFICERS,|ETC||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
||Fees, remuneration
or expenses||payable||to members|||of|the|||
||Society
who
were
neither|members||of|the||Committee||of|||
||Management,
nor employees|ofthe Society||||||||Nil||
||Fees, remuneration
or expenses||payable||to members|||of|the|||
||Committee
of Management
of the Society||||who||were|neither||||
||officers nor employees
ofthe|Society||||||||Nil||
||Fees, remuneration
or expenses
paid|||to officers|||of the|Society||||
||who were not employees|||||||||Nil|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|||||||||||
|||||||||||2023|2022|
||Cost —Com leted Schemes|||||||||||
||At 1 April 2022 and 31 March 2023|||||||||797,007|797,007|
||Property
improvements|||||||||14883||
||At 31March 2023|||||||||811 890|797007|
||~De reciation|||||||||||
||At 1 April 2022
Charge for the period|||||||||126,585
12 227|115,074
11511|
||At 31 March 2023|||||||||138812|126585|
||SOCIAL HOUSING
GRANT|||||||||41 007|41 007|
||Net Book Value
At 31 March 2023|||||||||f.~2.(j71||
|10.|FURNISHINGS
AND EQUIPMENT|FURNISHINGS
AND EQUIPMENT|||
|---|---|---|---|---|
||||2023|2022|
||Cost.||||
||At 1 April 2022
Additions||74,234|67,802
6432|
||At 31 March 2023||74 234|74 234|
||~De reciation||||
||At 1 April 2022
Charge for the period||62,355
2 647|58,633
3 722|
||At 31 March 2023||65 DD2|62 355|
||Net Book Value
At 31 March 2023||8~923||
|1l.|INVESTMENTS||||
||||2023|2022|
||Listed investments||||
||At 1 April 2022||748,815|714,126|
||Shares purchased||||
||Shares sold||||
||||748,815|714,126|
||Unrealised
(deficitj/surplus|on revaluation|56771|34689|
||||0692 044|f.~7/~1|
||Historical cost at 1 April 2022
Cost ofshares purchased
Cost ofshares sold||485,248
62,133
~44 898|487,654
35,997
$38402)|
||Historical cost||85D2 483||
|12.|DEBTORS AND PREPAYMENTS||||
||||2023|2022|
||Amounts
falling due within|one year:|||
||Other debtors||||
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|CREDITORS|||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|Amounts
falling
Sundry creditors|due|within|one|year:|X~471||
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|
ofthe investments
each|year,||||
|---|---|---|---|---|
||General|Revaluation|||
||Reserve|Reserve|2023|2022|
|At 1 April 2022
Net movement
offunds
Transfer ofrevaluation|I,130,486
(54,426)
56771|403,836
~56 771|1,534,323
(54,426)|1,497,922
36,401|
|At 31 March 2023|R~l:~2~31|K~47 1~|K~147~97|R~l,'L4~|
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