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|Trustees||Mr C Voisey|
|---|---|---|
|||Mrs AWidger|
|||Mrs BGill|
|||Ms L Ellis|
|||Mr RA Bishop|
|Charity number||288402|
|Company|number|01743492|
|Registered|office|30Fore Street|
|||Totnes|
|||Devon|
|||TQ9 5RP|
|Auditor||Darnells Audit Limited|
|||Quay House|
|||Quay Road|
|||Newton Abbot|
|||Devon|
|||TQ12 2BU|
|Bankers||Lloyds TSB|
|||65/67 Fore Street|
|||Kingsbridge|
|||Devon|
|||TQ7 1PN|
|Solicitors||Beers|
|||29 Fore Street|
|||Kingsbridge|
|||Devon|
|||TQ7 1AA|





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|||Page|
|---|---|---|
|Trustees'<br>report||1-4|
|Statement ofTrustees'|responsibilities||
|Independent<br>auditor's|report|6-9|
|Statement offinancial|activities||
|Balance sheet|||
|Notes to the financial statements||12-19|





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2022<br>f|2022|2022|2021|2021|2021<br>E|
|Income from:|||||||||
|Charitable<br>activities|||243,337||243,337|258,573||258,573|
|Investments||||||19||19|
|Other income|||141,459||141,459|7,169||7,169|
|Total income|||384,796||384,796|265,761||265,761|
|Expenditure<br>on:|||||||||
|Charitable<br>activities||5|168,161||168,161|194,422||194,422|
|Net income for the year/|||||||||
|Net movement|in funds||216,635||216,635|71,339||71,339|
|Fund balances|at 1 April||||||||
|2021|||2,790,730|35,530|2,826,260|2,719,391|35,530|2,754,921|
|Fund balances|at 31||||||||
|March 2022|||3,007,365|35,530|3,042,895|2,790,730|35,530|2,826,260|





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||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||E||
|Fixed assets|||||||||
|Tangible assets||||||3,056,041||3,428,005|
|Current assets|||||||||
|Debtors||||10|5,154||17,292||
|Cash at bank and||in|hand||410,848||258,668||
||||||416,002||275,960||
|Creditors: <br>one year|amounts||falling due within|12|(29,089)||(66,897)||
|Net current|assets|||||386,913||209,063|
|Total assets less||current liabilities||||3,442,954||3,637,068|
|Creditors: <br>more than|amounts<br> one year||falling due after|13||(400,059)||(810808)|
|Net assets||||||3,042,895||2,826,260|
|Income funds|||||||||
|Restricted|funds|||14||35,530||35,530|
|Unrestricted|funds|||||3,007,365||2,790,730|
|||||||3,042,895||2,826,260|



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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|Provision of|Provision of|
|safe S|safe S|
|secure|secure|
|residential|residential|
|housing|housing|
|2022|2021|
||E|
|243,337|258,573|





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||||Total|Unrestricted|
|---|---|---|---|---|
|||||funds|
||||2022|2021|
||||E||
|Bank|interest|receivable||19|



|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|Net gain on disposal of16 Hillside|Drive|133,952||
|Feed in tariff||7,507|7,169|
|||141,459|7,169|



||||2022|2021|
|---|---|---|---|---|
|Depreciation<br>and impairment|||43,520|25,421|
|Repairs and maintenance|||49,397|98,935|
|Insurance|||9,431|8,856|
|Garden expenses|||6,730|6,415|
|Council tax|||600|1,409|
|Service charges and|ground|rent|1,855|1,099|
|Bank loan interest|||48,888|42,835|
|Utilities|||667|1,089|
||||161,088|186,059|
|Share ofsupport costs (see||note 6)|546|1,959|
|Share ofgovernance|costs|(see note 6)|6,527|6,404|
||||168,161|194,422|





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|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2022|Support|Governance|2021|
|||costs|costs||costs|costs||
|Bank charges||184||184|197||197|
|Sundries||362||362|262||262|
|Donations|||||1,500||1,500|
|Auditor's|fees - external|||||||
|scrutiny|||3,300|3,300||3,300|3,300|
|Auditor's|fees - other|||||||
|services|||3,175|3,175||2,954|2,954|
|Trustee travel and||||||||
|expenses|||52|||150|150|
|||546|6,527|7,073|1,959|6,404|8,363|
|Analysed|between|||||||
|Charitable|activities|546|6,527|7,073|1,959|6,404|8,363|



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|9|Tangible|fixed assets|fixed assets|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Freehold<br>land|Leasehold|Plant and|Frxtures and|Total|
||||||and buildings|land and|equipment|fittings||
|||||||buildings||||
||Cost|||||||||
||At 1 April|2021|||3,045,551|488,242|53,482|141,258|3,728,533|
||Additions|||||||1,101|1,101|
||Disposals||||(343,275)|||(84,936)|(428,211)|
||At 31 March||2022||2,702,276|488,242|53,482|57,423|3,301,423|
||Depreciation||and impairment.|||||||
||At 1 April|2021|||117,598|28,458|48,132|106,340|300,528|
||Depreciation||charged|in the year|9,008|2,619|5,346|9,583|26,556|
||Eliminated|in|respect. ofdisposals||(13,730)|-|-|(67,972)|(81,702)|
||At 31 March||2022||112,876|31,077|53,478|47,951|245,382|
||Carrying|amount.||||||||
||At 31 March||2022||2,589,400|457,165||9,472|3,056,041|
||At 31 March||2021||2,927,953|459,784|5,350|34,918|3,428,005|



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|Debtors||||
|---|---|---|---|
|||2022|2021|
|Amounts<br>failing due within one year:||||
|Trade debtors||338|20|
|Prepayments|and accrued income|4,816|17,272|
|||5,154|17,292|





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||||2022|2021|
|---|---|---|---|---|
|Bank loans|||419,634|848,728|
|Payable|within one year||19,575|37,920|
|Payable|after one|year|400,059|810,808|
|Amounts|included|above which fall due after five years:|||
|Payable|by instalments||311,153|638,779|



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|Creditors: amounts|falling due within one year||||
|---|---|---|---|---|
||||2022|2021|
|||Notes|||
|Bank loans|||19,575|37,920|
|Trade creditors|||5,084|3,334|
|Accruals and deferred|income||4,430|25,643|
||||29,089|66,897|
|Creditors: amounts|falling due after more than one year||||
||||2022|2021|
|||Notes||E|
|Bank loans|||400,059|810,808|



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|||||Movement||Movement||
|---|---|---|---|---|---|---|---|
|||||in funds||in funds||
|||1|Balance at<br>April 2020|Incoming<br>resources|Balance at<br>1April 2021|Incoming<br>resources|Balance at<br>31 March|
||||||f.||202II|
|Restricted|legacy||35,530||35,530||35,530|





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|15|Analysis ofnet assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2022|2022f|2022<br>F|2021<br>E|2021<br>E|2021<br>F|
||Fund balances at 31|||||||
||March 2022 are|||||||
||represented<br>by:|||||||
||Tangible assets|3,056,041||3,056,041|3,428,005||3,428,005|
||Current assets/(liabilities)|351,383|35,530|386,913|173,533|35,530|209,063|
||Long term liabilities|(400,059)|-|(400,059)|(810,808)|-|(810,808)|
|||3,007,365|35,530|3,042,895|2,790,730|35,530|2,826,260|



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|||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E|
|Income from:|||||||||||
|Charitable<br>activities|||||||||||
|Rental income||||||||243,337||258,573|
|Investment<br>income|||||||||||
|Bank interest receivable||||||||||19|
|Other income|||||||||||
|Gain on disposal of16 Hillside||||Drive||||133,952|||
|Feed in tariff||||||||7,507||7,169|
|Total income||||||||384,796||265,761|
|Resources expended:|||||||||||
|Charitable<br>activities|||||||||||
|Provision ofsafe &|secure||residential|||housing|||||
|Freehold<br>and leasehold||property|||depreciation||11,627||12,256||
|Plant and machinery|depreciation||||||5,346||5,864||
|Fixtures and fittings depreciation|||||||26,547||7,301||
|Repairs and maintenance|||||||49,397||98,935||
|Insurance|||||||9,431||8,856||
|Garden expenses|||||||6,730||6,415||
|Council tax|||||||600||1,409||
|Service charges and|ground||rents||||1,855||1,099||
|Bank loan interest|||||||48,888||42,835||
|Utilities|||||||667||1,089||
|Share ofsupport costs|||||||546||1,959||
|Share ofgovernance|costs||||||6,527||6,404||
|||||||||(168,161)||(194,422)|
|Net movement<br>in funds||||||||216,635||71,339|





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|||||2022||2021|
|---|---|---|---|---|---|---|
|Supportcosts|||||||
|Bank charges||||184||197|
|Sundries||||362||262|
|Donations||||||1,500|
|||||546||1,959|
|Governance costs|||||||
|Auditor's|fees - external|scrutiny|3,300||3,300||
|Auditors's|fees - other services||3,175||2,954||
|Trustee travel and expenses|||52||150||
|||||6,527||6,404|
|||||7,073||8,363|