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|||||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|
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||||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|
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||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|
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||||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|
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|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|
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|||||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|
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