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| ##