| Statement ofCompre | h | ensive | Incom | e forthe year ended 31M | arch 2023 | |
|---|---|---|---|---|---|---|
| Notes | 2023 | 2022 | ||||
| f | f | |||||
| Income | ||||||
| Charges receivable from almspeople | 45,159 | 42,412 | ||||
| Less:void losses | (1,436) | (1,230) | ||||
| Lease rent from Chislehurst and Sidcup |
||||||
| Housing Association | (net) | |||||
| Donations (Chislehurst |
S.Sidcup Housing Assoc. ) | |||||
| Bank deposit account | interest | 294 | 7 | |||
| Extraordinary repair fund investment |
income | 1323 | 1,075 | |||
| 45,344 | 42,268 | |||||
| Expenditure | ||||||
| Service charge payable | to Chislehurst | and Sidcup | ||||
| Housing Association | 19,749 | 18,361 | ||||
| Bad debts | 374 | |||||
| Audit and accountancy | charges | 770 | 730 | |||
| Legal and professional | fees | 162 | ||||
| Maintenance costs (including |
cyclical | maintenance) | 2,915 | 5,849 | ||
| Cyclical Repairs —voids | 5,344 | 1,554 | ||||
| Major repairs | 13,217 | |||||
| Management liability |
insurance | 487 | ||||
| Bank charges | 127 | 70 | ||||
| 29,067 | 40,642 | |||||
| Surplus forthe year | 16,277 | 1,626 | ||||
| Unrealised (loss) in investment |
(4,861) | (2,959) | ||||
| Total Comprehensive | Income | for the | year (2022 negative) | f11,416 | F(1,333) | |
| Total Reserves at 1April 2022 | 147,705 | 149,038 | ||||
| Total Comprehensive | Income | forthe | year | 11,416 | (1,333) | |
| Total Reserves at 31March 2023 (See page 7) | F159,121 | f147,705 |
| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| f | f | ||||
| Investments | |||||
| Extraordinary | repair fund | investment | 67,488 | 71,026 | |
| Current Assets | |||||
| Cash at bank | 91,984 | 77,129 | |||
| Debtors | 814 | 442 | |||
| 92,798 | 77,571 | ||||
| I.ess:Creditors | |||||
| Amounts falling due within one year |
1,165 | 892 | |||
| Net Current Assets | 91,633 | 76,679 | |||
| Total Assets Less Current | Liabilities | f159,121 | f147,705 | ||
| Reserves | |||||
| Maintenance | Designated | Reserve | 53,141 | 45,141 | |
| Extraordinary | Repair Fund | 67,488 | 71,026 | ||
| Revenue Reserves | 38,492 | 31,538 | |||
| Total Reserves | f159,121 | f147,705 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| 4 | Creditors: amount falling due within |
one | year | ||||
| Almspeoples' charges in advance |
370 | 107 | |||||
| Other creditors and accruals | 795 | 785 | |||||
| f1,165 | f892 | ||||||
| 5 | Maintenance Designated |
Reserve | |||||
| At 1April 2022 | 45,141 | 45,141 | |||||
| Transfer from/(to) income |
and Expenditure | account: | |||||
| for routine and cyclical maintenance | 8,000 | ||||||
| At 31March 2023 | f53,141 | f45,141 | |||||
| 6 | Extraordinary Repair Fund |
and Related | Investment | ||||
| Extraordinary Repair Fund |
at 1April | 2022 | 71,026 | 72,910 | |||
| Transfer from Income and | Expenditure | account: | |||||
| for income arising re-invested in the extraordinary |
|||||||
| repair fund investment | 1,323 | 1,075 | |||||
| (Loss)/gain arising on revaluation ofthe |
investment | ||||||
| at market value | (4,861) | (2,959) | |||||
| Extraordinary Repair Fund |
at31March | 2023 | f67,488 | f71,026 | |||
| Represented by: Extraordinary |
Repair | Fund Investment | Market | Market | |||
| Value | Value | ||||||
| 1,715 Charibond Charities Fixed Interest Investment Fund Accumulation Shares |
Common | f67,488 | f71,026 | ||||
| (2022- 1,715shares) | |||||||
| 7 | Revenue Reserves | ||||||
| At 1April 2022 | 31,538 | 30,987 | |||||
| Transfer Maintenance Designated |
Reserve | (8,000) | |||||
| Transfer Extraordinary Repair Fund |
|||||||
| Income arising re-invested | (1,323) | (1,075) | |||||
| Surplus forthe year | 16,277 | 1,626 | |||||
| At 31March 2023 | f38,492 | f31,538 |