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2023-03-31-accounts

Trustees Mr C Voisey
Mrs A Widger
Mrs B Gill
Ms L Ellis
Mr RA Bishop
Charity number 288402
Company number 01743492
Registered office 30 Fore Street
Totnes
Devon
TQ9 5RP
Auditor Darnells Audit Limited
Quay House
Quay Road
Newton Abbot
Devon
TQ l2 2BU
Bankers Lloyds TSB
65/67 Fore Street
Kingsbridge
Devon
TQ7 1PN
Solicitors Beers
29 Fore Street
Kingsbridge
Devon
TQ7 1AA

Page
Trustees'
report		 1-4
Statement
ofTrustees'		 responsibilities
Independent
auditor's		 report
Statement
offinancial		 activities 10
Balance sheet
Notes to the financial statements 12-19

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2022 2022 2022
Notes E E K K
Income from:
Charitable
activities		 246,692 246,692 243,337 243,337
Other income 6,785 6,785 141,459 141,459
Total income 253,477 253,477 384,796 384,796
Expenditure
on:
Charitable
activities		 109,957 109,957 168,161 168,161
Net income for the year/
Net movement in funds 143,520 143,520 216,635 216,635
Fund balances at 1 April
2022 3,007,365 35,530 3,042,895 2,790,730 35,530 2,826,260
Fund balances at 31
March 2023 3,150,885 35,530 3,186,415 3,007,365 35,530 3,042,895

2023 2022
Notes E
Fixed assets
Tangible assets 3,192,469 3,056,041
Current assets
Debtors 15,054 5,154
Cash at bank and in hand 387,844 410,848
402,898 416,002
Creditors: amounts falling due within
one year 12 (29,379) (29,089)
Net current assets 373,519 386,913
Total assets less current liabilities 3,565,988 3,442,954
Creditors: amounts falling due after
more than one year 13 (379,573) (400,059)
Net assets 3,186,415 3,042,895
Income funds
Restricted funds 15 35,530 35,530
Unrestricted
funds		 3,150,885 3,007,365
3,186,415 3,042,895

Unrestricted Unrestdcted
funds funds
Provision of Provision
of
safe & safe &
secure secure
residential residential
housing housing
2023 2022
f f
246,692 243,337

Unrestricted Unrestricted
funds funds
2023 2022
f
Net gain on disposal of 16 Hillside Drive 133,952
Feed in tariff 6,785 7,507
6,785 141,459

2023 2022
f
Depreciation
and impairment		 20,199 43,520
Repairs and maintenance 40,275 49,397
Insurance 9,050 9,431
Garden expenses 2,809 6,730
Council tax 1,801 600
Service charges and ground rent 2,792 1,855
Bank loan interest 21,089 48,888
Legal and professional fees 1,000
Utilities 1,867 667
100,882 161,088
Share of support costs (see note 5) 853 546
Share ofgovernance costs (see note 5) 8,222 6,527
109,957 168,161

Support costs
Support Governance 2023 Support Governance 2022
costs costs costs costs
F
Bank charges 167 167 184 184
Sundries 686 686 362 362
Auditor's fees - external
scrutiny 4,770 4,770 3,300 3,300
Auditor's fees - other
services 3,154 3,154 3,175 3,175
Trustee travel and
expenses 183 183 52
Meeting costs 115 115
853 8,222 9,075 546 6,527 7,073
Analysed between
Charitable activities 853 8,222 9,075 546 6,527 7,073

Tangible fix ed asset s
Freehold land Leasehold Plant and Fixtures and Total
and buildings land and equipment fittings
buildings
f
Cost
At 1 April 2022 2,702,276 488,242 53,482 57,423 3,301,423
Additions 156,627 156,627
At 31 March 2023 2,702,276 644,869 53,482 57,423 3,458,050
Depreciation and impairment
At 1 April 2022 112,876 31,077 53,478 47,951 245,382
Depreciation charged in the year 9,008 3,054 4 8,133 20,199
At 31 March 2023 121,884 34,131 53,482 56,084 265,581
Carrying
amount
At 31 March 2023 2,580,392 610,738 1,339 3,192,469
At 31 March 2022 2,589,400 457,165 9,472 3,056,041

10 Debtors
2023 2022
Amounts falling due within one year: E E
Trade debtors 20 338
Prepayments and accrued income 15,034 4,816
15,054 5,154
11 Loans and overdrafts
2023 2022
Bank loans 400,058 419,634
Payable within one year 20,485 19,575
Payable after one year 379,573 400,059
Amounts included
above which		 fall due after five years:
Payable by instalments 285,884 311,153

Creditors: amounts fal ling due within o ne year
2023 2022
Notes f f
Bank loans 20,485 19,575
Trade creditors 3,404 5,084
Accruals and deferred income 5,490 4,430
29,379 29,089
Creditors: amounts falling due after more than one year
Notes 2023f 2022
f
Bank loans 379,573 400,059
Analysis ofnet assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023f 2023f 2022
f		 2022f 2022
f
Fund balances at 31
March 2023 are
represented
by:
Tangible assets 3,192,469 3,192,469 3,056,041 3,056,041
Current
assets/(liabilities)		 337,989 35,530 373,519 351,383 35,530 386,913
Long term liabilities (379,573) (379,573) (400,059) (400,059)
3,150,885 35,530 3,186,415 3,007,365 35,530 3,042,895

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming Balance at
1 April 2021 resources 1 April 2022 resources 31 March 2023
E f
Restricted legacy 35,530 35,530 35,530

2023 2022
F E
Income from:
Charitable
activities
Rental income 246,692 243,337
Other income
Gain on disposal of 16 Hillside Drive 133,952
Feed in tariff 6,785 7,507
Total income 253,477 384,796
Resources expended:
Charitable
activities
Provision ofsafe &secure residential housing
Freehold
and leasehold		 property depreciation 12,062 11,627
Plant and machinery depreciation 4 5 346
Fixtures and fittings depreciation 8,133 26,547
Repairs and maintenance 40,275 49,397
Insurance 9,050 9,431
Garden expenses 2,809 6,730
Council tax 1,801 600
Service charges and ground rents 2,792 1,855
Bank loan interest 21,089 48,888
Legal and professional fees 1,000
Utilities 1,867 667
Share of support costs 853 546
Share ofgovernance costs 8,222 6,527
(109,957) (168,161)
Net movement
in funds		 143,520 216,635

2023 2022
E f
Support costs
Bank charges 167 184
Sundries 686 362
853 546
Governance costs
Auditor's fees - external scrutiny 4,770 3,300
Auditors's fees - other services 3,154 3,175
Trustee travel and expenses 183 52
Meeting costs 115
8,222 6,527
9,075 7,073