| Trustees: | Vacancy for Secretary | |
|---|---|---|
| Mr R.H. Ayre | ||
| Mr R.P. Ayre | ||
| Mr D. Clark | ||
| Mr J.Fox | ||
| Mr M. Geen | ||
| Mr W. Geen (Chairman) | ||
| Mr S.Kellaway | ||
| Mr P. Parker | ||
| Mrs R.J.Taylor (Treasurer) | ||
| Mr C.Whinney | ||
| Principal Office: | Coombesh cad | |
| South Molton | ||
| Devon | ||
| EX363ER | ||
| Bank: | Nat West | |
| 41 High Street | ||
| Barnstaple | ||
| Devon | ||
| EX31 1DA | ||
| Independent | Examiner: | Stevens 8 Willey |
| Grenville House |
||
| 9 Boutport Street | ||
| Barnstaple | ||
| Devon | ||
| EX31 1TZ |
| CONTENTS | |||
|---|---|---|---|
| Page | |||
| 1-2 | Trustees Report | ||
| Independent Examiner's |
Report | ||
| Receipts 8 Payments | Account | ||
| Statement ofAssets | and | Liabilities |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| RECEIPTS | |||||||
| Rental Income | |||||||
| Bakery Cottage | 8,400 | 7,250 | |||||
| Bradfords Cottage | 6,300 | 7,350 | |||||
| Hillside View No 1 | 5,670 | 5,670 | |||||
| Hillside View No 2 | 6,300 | 6,300 | |||||
| Mole Bridge House | 7,452 | 7,452 | |||||
| MBH Garage | 2,400 | 2,400 | |||||
| Painters Cottage | 8,400 | 8,400 | |||||
| Painters Paddock | 600 | 650 | |||||
| Old school Flat 1 | 3,675 | 5,225 | |||||
| Old school Flat 2 | 6,125 | 5,225 | |||||
| Old School Hall | 2,230 | ||||||
| Other Income | 57,552 | 55,922 | |||||
| Wayleave | 17 | 17 | |||||
| Deposit from No 1 Old | School Flats | 525 | |||||
| Deposit from new tenant | Bakery Cottage | 700 | |||||
| Deposit from new tenant | Old School Flat 2 | 475 | 475 | ||||
| 1,017 | 1,192 | ||||||
| Investment Income |
|||||||
| Charity Official Investment |
Fund | ||||||
| 25 | 24 | ||||||
| Bank Interest Received | |||||||
| Reserve Account | 765 | 20 | |||||
| 765 | 20 | ||||||
| 59,359 | 57,158 | ||||||
| Total Income | |||||||
| EXPENDITURE | |||||||
| Insurance (Old School) |
1,870 | 2,523 | |||||
| Insurance (Houses) |
3,988 | 3,967 | |||||
| Property Repairs | 8,057 | 16,858 | |||||
| Electrical Testing | 259 | 1,071 | |||||
| Electricity | 443 | 370 | |||||
| Water | 769 | 696 | |||||
| Independent Examination |
Fee | 384 | 360 | ||||
| Honoraria | 913 | 870 | |||||
| Property Management |
Fees | 11,431 | 9,921 | ||||
| Deposit Protection Service | 1,000 | 1,175 | |||||
| Printing Postage 8 Stationery | 127 | 128 | |||||
| Fire Alarm OS | 448 | 498 | |||||
| Surveyor Report Old School | 94 | ||||||
| Architect Old School development | 300 | 1,223 | |||||
| Pest Control | 120 | ||||||
| Chimney Sweep |
60 | ||||||
| Sundries | 78 | 21 | |||||
| Hospitality | 27 | ||||||
| Rubbish removal OS |
120 | ||||||
| Total Expenditure | 30,291 | 39,888 | |||||
| Deficit/Surplus for year prior |
to | donations | 29,068 | 17,270 | |||
| Deficit/Surplus foryear |
29,068 | 17,270 | |||||
| Bank Balances 1st May 2022 | 133,372 | 116,102 | |||||
| Bank Balances at 30th April 2023 | F | 162,439 | F | 133,372 |
| Monthly | Annual | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Property | Tenant | Rent | Rent | |||||||
| Bakery Cottage | Messrs Fry & Bolton | E700 | E8,400 | |||||||
| Bradford's Cottage | Mr Lowe | E525 | E6,300 | |||||||
| Hillside View No 1 | Messrs Lynch 8 Shaw | E473 | E5,670 pa - Includes water | |||||||
| Hillside View No 2 | Mr Ken Hildrew | E525 | E6,300 pa - Includes water | |||||||
| Mole Bridge House | Mr D Peters | E621 | E7,452 | |||||||
| Mole Bridge Garage | Traditional Finishes |
E200 | E2,400 | |||||||
| Painters Cottage | Mr & Mrs. R | Partridge | E700 | E8,400 | ||||||
| Painters Field |
Mr 8 Mrs. R | Partridge | E50 | E600 | ||||||
| Old School Flat 2 | Ms M McCarthy | E475 | E5,700 | |||||||
| Old School Flat 1 | Ms N Brown | E525 | E6,300 | |||||||
| Investments | ||||||||||
| 45 Units | Charities Official Investment |
Fund | Shares | |||||||
| Recent valuations | have not been obtained | for the | investments | or freehold | properties. | |||||
| 2023 | 2022 | |||||||||
| E | E | |||||||||
| Debtors | ||||||||||
| Cash at Bank | ||||||||||
| Current Account | 1,000 | 1,000 | ||||||||
| Reserve Account | 161,439 | 132,371 | ||||||||
| 162,439 | 133,371 | |||||||||
| LIABILITIES | ||||||||||
| Receipt in Advance | ||||||||||
| Mr K Strickland - one months | rent paid in advance | |||||||||
| 2 Old | School Flats E375 paid | so far for deposit | of | E475. | ||||||
| Mr Partridge | paid one months | paddock rent | in | advance | 50 | |||||
| 50 | ||||||||||
| Creditors | ||||||||||
| Mr R Carder | - property management |
expenses | April | 891 | ||||||
| EDF Fire &Smoke alarm at Old School | 48 | |||||||||
| 939 |