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|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|





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





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023||2022|2022|2022|
|||Notes|E|E||K||K|
|Income from:|||||||||
|Charitable<br>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<br>on:|||||||||
|Charitable<br>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|





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|||||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<br>funds|||||3,150,885||3,007,365|
||||||3,186,415||3,042,895|





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|Unrestricted|Unrestdcted|
|---|---|
|funds|funds|
|Provision of|Provision<br>of|
|safe &|safe &|
|secure|secure|
|residential|residential|
|housing|housing|
|2023|2022|
|f|f|
|246,692|243,337|





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|||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<br>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|





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|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|



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|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<br>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<br>above which||fall due after five years:|||
||Payable|by instalments|||285,884|311,153|





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|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<br>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<br>f|2022f|2022<br>f|
|Fund balances at 31||||||||
|March 2023 are||||||||
|represented<br>by:||||||||
|Tangible assets||3,192,469||3,192,469|3,056,041||3,056,041|
|Current<br>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|





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|||||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|



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|||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||F||E|
|Income from:|||||||||||
|Charitable<br>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<br>activities|||||||||||
|Provision ofsafe &secure|||residential|||housing|||||
|Freehold<br>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<br>in funds||||||||143,520||216,635|





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||||||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|