2023-04-05-accounts

COWDRAY DWELLINGS TRUST ANNUAL REPORT AND FJNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023

					2023	2023	2022
				Note	Unrestricted	Total	Prior year
					funds	funds	total funds
					g		8
Income from:
Donations and	legacies				300,000	300,000
Charitable activities					546,125	546,125	560,078
Investments					1,364	1,364	1,134
Total					847,489	847,489	561,212
Expenditure on:
Raising funds					524,610	524,610	504,903
Charitable activities					6,410	6,410	54,293
Total					531,020	531,020	559,196
Net income/(expenditure)					316,469	316,469	2,016
Gains/(losses)	on investment		assets	12	(7,098)	(7,098)	7,111
Net movement	in funds				309,371	309,371	9,127
Reconciliation	offunds:
Total funds brought		forward		17	3,153,933	3,153,933	3,144,806
Total funds carried		farward			3,463,304	3,463,304	3,153,933

	Note	2023	2022
		Total	Prior year
		funds	funds
		g
Fixed Assets:
Tangible assets	13	2,920,263	2,920,263
Investments	12	136,044	143,142
Total Fixed Assets		3,056,307	3,063,405
Current Assets:
Debtors	14	14,523	24,709
Cash at bank	15	433,917	152,538
Total Current Assets		448,440	177,247
Liabilities:
Creditors: Amounts falling due within one year	16	(41,443)	(86,719)
Net Current Assets or Liabilities		406,997	90,528
Total Net Assets or Liabilities		3,463,304	3,153,933
The Funds ofthe Charity:
Unrestricted funds	17	3,463304	3,153,933
Total Charity Funds		3,463304	3,153,933

					Note	2023	2022
						Total	Prior year
						funds	funds
							K
Cash generate from	operating	activities:
Net cash provided by	(used in) operating		activities		18	(566,110)	(559,496)
Cash ttows from other sources:
Dividends, interest and rents from investments						547,489	561,212
						547,489	561,212
Application ofcash:
Purchase ofproperty,	plant and equipment						703
							703
Net increase/(decrease) in cash						18,621	2,419
Cash at bank and in hand less overdrafis			at	the beginning		152,538	150,119
ofthe year
Cash at bank and in	hand less	overdrafts		at year end	19	433,917	152,538

4	Donations	and legacies	and legacies	and legacies	and legacies		2023	2022
							K	f
	Donations	received					300,000
							300,000
5	Income from			charitable		activities	2023	2022
							g	g
	Rental income						545,442	559,613
	Other property			income			ll	350
	Wayleaves						672	115
							546,125	560,078
6	Investment		income				2023	2022
								g
	Income from investments						1,364	1,134
							1,364	1,134
7	Expenditure			on raising		funds	2023	2022
							g
	Investment		management			fees	50	52
	Rates paid						20,380	16,771
	Insurance						7,727	8,242
	Repairs and		maintenance				417,949	401,143
	Finance						176	195
	Legal and	professional			fees		76,230	78,500
	Other property			expenses			2,098
							524,610	504,903

Charitable activities
					Direct costs	Support costs	2023	2022
					(see note 9)	(see note 10)	Total	Total
								8
Charitable expenditure						6,410	6,410	54,293
Direct costs
The Charity undertook	no	direct charitable		activities	in the year.
Support costs							2023	2022
								8
Administration expenses							4,298	4,067
Currey &Co fees							2,040
Legal Entity Identification		number	fee					149
Portfolio Stewardship	fees						72	77
							6,410	4,293

Fixed asset investments	Fixed asset investments	2023	2022
Market value	brought forward	143,142	136,734
Less disposal	proceeds		(703)
Net gains/(losses) on investments		(7,098)	7,111
Market value	carried forward	136,044	143,142
Geographical	analysis	2023	2022
		X
United Kingdom investments		136,044	143,142
		136,044	143,142

13	Tangible	assets	assets		2023	2022
						8
	67 dwellings		near Midhurst,	Sussex	2,920,263	2,920,263
					2,920,263	2,920463

14	Debtors					2023	2022
							8
	Rents receivable					13,793	22,733
	Prepayments					730	1,976
						14,523	24,709
15	Cash at bank					2023	2022
						0	f
	Royal Bank ofScotland					41,318	46,109
	Schroder &Co					644	694
	National Westminster		Bank			391,955	105,735
						433,917	152,538
16	Creditors: Amounts		falling due within		one year	2023	2022
							0
	Administration	expenses				194	ll
	Accrual s					22,487	25,621
	Cowdray Estate	building		works		17,040	33,922
	Rent Deposits					1,650	27,165
	Portfolio Stewardship		fees			72
						41,443	86,719

Movement in funds						2023	2022
						g
Unrestricted funds:
Balance brought forward						3,153,933	3,144,806
Net movement in funds						309,371	9,127
Balance carried forward						3,463,304	3,153,933
Net movement in funds included		in the above		are as follows:
						Gains and	Movement
				Income	Outgoings	losses	in funds
				g	g	g
Unrestricted Funds				322,929	(6,460)	(7,098)	309,37]
Reconciliation ofnet income/(expenditure)				to net cash tlow from Operating	Activities
						2023	2022
						g	g
Net income/(expenditure)	(as per	the Statement ofFinancial Activities)				316,469	2,016
Adjustments for:
Dividends, interest and rent from			investments			(847,489)	(561,212)
(Increase)/decrease	in debtors					10,186	(1 833)
Increase/(decrease)	in creditors					(45,276)	1,533
Net cash provided by/(used	in) Operating		Activities			(566,110)	(559,496)
Reconciliation ofnet income/(expenditure)				to net cash flaw from Operating	Activities
						2023	2022
						g
Cash at bank and in hand						433,917	152,538
						433,917	152,538