2022-12-31-accounts

				2022	2021
Income from:			Note
Legacies				117,779	1,524
Charitable activities				998,221	964,385
Other activities				2,159,048	1,410,296
Tota I income				3,275,048	2,376,205
Expenditure on	charitable	activity	3	(1,985,823)	(1,686,901)
Net income				1,289,225	689,304
Net movement	in funds			1,289,225	689,304
Total funds brought forward				13,373,342	12,684,037
Total funds carried forward				14,662,567	13,373,342

			2022	2021
			F.	6
Cash flows from operating activities
Net cash inflow/(outflow) from	operating	activities	(2,186,468)	299,070
Cash flows from investing activities
Proceeds from sale oftangible	fixed assets		3,756,029	2,190,438
Payments to acquire tangible fixed assets			(883,872)	(2,057,377)
Net cash provided by investing	activities		2,872,157	133,061
Change in cash and cash equivalents			685,688	432,131
Cash and cash equivalents at beginning		ofyear	1,271,460	839,329
Cash and cash equivalents at	end ofyear		1,957,148	1,271,460
Reconciliation ofnet income	to net cash flow from
operating activities
Net income for the year ended	31 December		1,289,226	689,304
Adjustments for
Depreciation charges			611,499	632,644
Profit on disposal offixed assets			(2,139,941)	(1,297,316)
Decrease/(increase) in debtors			(73,701)	10,604
Increase/(decrease) in creditors			(1,873,551)	263,834
			(2,186,468)	299,070
Analysis ofcash and cash equivalents
Current account			1,957,148	1,271,460
Analysis ofchanges in net debt
Current account:
As at 1January			1,271,460	839,329
Movement in year			685,688	432,131
As at 31 December			1,957,148	1,271,460

	2022	2021
	6	6
Legacies	117,779	1,524
Rental income	998,221	964,385
Bank interest	19,107
Profit from the disposal of properties	2,139,941	1,297,316
Other income (MOD receipts on adaptations)		112,980
	3,275,04&	2,376,205

			2022	2021
			E	E
General rates			11,692	3,022
Insurance			39,032	15,000
Repairs and renewals			840,152	594,018
Occupational	therapist	fees	11,500	8,277
l.egal fees			2,708	7,088
Property management		fees	269,340	272,867
Lease amortisation			12,619	12,377
Property depreciation			598,880	620,267
Audit fees			8,520	5,880
Staff costs			172,023	147,650
Others			19,357	455
			1.985.823	1,686,901

he RAF Benevolent Fund Housing Trust L 1December 2022	imited Report and Financial Statem	ents
Staff costs include:	2022	2021
	6	6
Wages and salaries	134,374	121,775
Pension costs	22,824	13,126
Social security	14,825	12,749
	172,023	147,650

Tangible fixed assets
			Long
		Freehold	leasehold
		properties	properties	Total
		E	6	6
Cost at 1January 2022		31,018,999	618,840	31,637,839
Additions during the year		871,775	12,097	883,872
Disposals during the year		(1,946,767)		(1,946,767)
Cost at 31 December 2022		29,944,007	630,937	30,574,944
Depreciation at 1 January	2022	7,626,748	225,264	7,852,012
Depreciation for the year		598,880	12,619	611,499
Depreciation on disposals	during the year	(330,679)		(330,679)
Accumulated depreciation	at 31 December 2022	7,894,949	237,883	8,132,832
Net book value:
At 31 December 2022		22,049,058	393,054	22,442,112
At 31 December 2021		23,392,251	393,576	23,785,827

				2022	2021
				E	E
Accrued income - legacy				47,297
Prepayment				40,829	15,784
Other				1,359
				89,485	15,784
Creditors: amounts	falling due	within one year
				2022	2021
				E	E
Trade creditors				328,534	333,407
The Royal Air Force Benevolent		Fund —Gulf Trust		74,360	55,770
Interest free finance provided		by the RAF Benevolent	Fund	9,423,284	11,310,552
				9,826,178	11,699,729