| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Report of the Independent | Auditors | 4 | to | 6 |
| Statement ofFinancial Activities | ||||
| Balance Sheet | 8 | to | 9 | |
| Notes to the Financial Statements | 10 | to | 17 |
| Statement ofFinancial | Statement ofFinancial | Statement ofFinancial | Statement ofFinancial | Activities | Activities | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Incor | oratin an Income and |
Ex enditure | Account | |||||||||
| for the Year Ended | 31 | March | 2022 | |||||||||
| 2022 | 2021 | |||||||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||||||
| funds | fund | fund | funds | funds | ||||||||
| Notes | ||||||||||||
| INCOME AND | ||||||||||||
| ENDOWMENTS | FROM | |||||||||||
| Charitable activities |
||||||||||||
| Social housing | 263,030 | 263,030 | 281,696 | |||||||||
| Investment income |
9,117 | 9,117 | 7,972 | |||||||||
| Total | 272,147 | 272,147 | 289,668 | |||||||||
| EXPENDITURE | ON | |||||||||||
| Raising funds | 8,296 | 8,296 | 7„274 | |||||||||
| Charitable activities |
||||||||||||
| Social housing | 372,172 | 372,247 | 337,901 | |||||||||
| Total | 380,468 | 75 | 380,543 | 345,175 | ||||||||
| Net gains on investments | 22,218 | 22,218 | 90,858 | |||||||||
| NET | ||||||||||||
| INCOME/(EXPENDITURE) | (86,103) | (75) | (86,178) | 35,351 | ||||||||
| RECONCILIATION | OF | |||||||||||
| FUNDS | ||||||||||||
| Total funds brought forward | 2,167,183 | 366 | 98,000 | 2,265,549 | 2,230,198 | |||||||
| TOTAL FUNDS CARRIED | ||||||||||||
| FORWARD | 2,081,080 | 291 | 98,000 | 2,179,371 | 2,265,549 |
| 31M | arch 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | fund | funds | funds | ||
| Notes | E | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 11 | 1,260,069 | 184 | 98,000 | 1,358,253 | 1,268,907 |
| Investments | 12 | 586,518 | 586,518 | 563,655 | ||
| 1,846,587 | 184 | 98,000 | 1,944,771 | 1,832,562 | ||
| CURRENT ASSETS | ||||||
| Debtors | 13 | 10,411 | 10,411 | 13,489 | ||
| Cash at bank and in hand | 284,433 | 107 | 284,540 | 442,357 | ||
| 294,844 | 107 | 294,95 1 | 455,846 | |||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 14 | (60,351) | (60,351) | (22,859) | ||
| NET CURRENT ASSETS | 234,493 | 107 | 234,600 | 432,987 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 2,081,080 | 291 | 98,000 | 2,179,371 | 2,265,549 | |
| NET ASSETS | 2,081,080 | 291 | 98,000 | 2,179,371 | 2,265,549 | |
| FUNDS | 15 | |||||
| Unrestricted funds |
2,081,080 | 2,167,183 | ||||
| Restricted funds | 291 | 366 | ||||
| Endowment funds |
98,000 | 98,000 | ||||
| TOTAL FUNDS | 2,179,371 | 2,265,549 |
| INVESTM | ENT INCOME | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Dividends | and interest on equities | and securities | 8,941 | 7,421 |
| Deposit account interest | 176 | 551 | ||
| 9,117 | 7,972 |
| INCOME FROM CHAR | ITA | BLE ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Activity | ||||||
| Residents' Room Charges | Social housing | 257,086 | 274,579 | |||
| Other income | Social housing | 1,225 | 400 | |||
| Grants | Social housing | 719 | 2,717 | |||
| Employment allowance |
Social housing | 4,000 | 4,000 | |||
| 263,030 | 281,696 | |||||
| 4. | RAISING FUNDS | |||||
| Investment management |
costs | |||||
| 2022 | 2021 | |||||
| Pot%folio management | 8,296 | 7,274 | ||||
| 5. | CHARITABLE ACTIVITIES | COSTS | ||||
| Direct | Support | |||||
| Costs (see | costs (see | |||||
| note 6) | note 7) | Totals | ||||
| Social housing | 278,058 | 94,189 | 372,247 | |||
| 6. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 2022 | 2021 | |||||
| Staffcosts | 118,165 | 120,168 | ||||
| Rates and water | 9,843 | 9,865 | ||||
| Insurance | 10,540 | 10,175 | ||||
| Light and heat | 27,042 | 29,050 | ||||
| Telephone | 4,592 | 4,546 | ||||
| Food and other household | costs | 23,099 | 27,740 | |||
| Repairs and Maintenance | 58,610 | 16,896 | ||||
| Council Warden Service | 7,769 | 6,816 | ||||
| Gardening | 5,423 | 2,792 | ||||
| Sundries | 102 | |||||
| Hire ofplant and machinery | 3,744 | 3,744 | ||||
| Depreciation | 9,231 | 8,249 | ||||
| 278,058 | 240,143 |
| Governance | ||||||
|---|---|---|---|---|---|---|
| Management | costs | Totals | ||||
| Social housing | 92,089 | 2,100 | 94,189 | |||
| Support costs, | included | in the above, are as follows: | ||||
| 2022 | 2021 | |||||
| Social | Total | |||||
| housing | activities | |||||
| Salaries | 70,366 | 74,261 | ||||
| Marketing costs |
2,414 | 3,973 | ||||
| Sundries | 2,384 | 2,317 | ||||
| Subscriptions | and Affiliation | Fees | 9,085 | 8,797 | ||
| Professional fees |
7,840 | 6,410 | ||||
| Auditors' remuneration |
2,100 | 2,000 | ||||
| 94,189 | 97,758 | |||||
| NET INCOME/(EXPENDITURE) | ||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2022 | 2021 | |||||
| Auditors' remuneration |
2,100 | 2,000 | ||||
| Depreciation - | owned assets | 9,231 | 8,249 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Wages and salaries | 171,379 | 176,1]4 | |||
| Social security costs | 9,370 | 10,799 | |||
| Other pension costs | 7,782 | 7,516 | |||
| 188,531 | 194,429 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 2022 | 2021 | ||||
| Total staff | 13 | 12 |
| TA | NGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | fittings | |||
| property | Scequipment | Totals | ||
| COST | ||||
| At | I April 2021 | ],243,731 | 202,249 | 1,445,980 |
| Additions | 89,529 | 9,048 | 98,577 | |
| At | 31March 2022 | 1,333,260 | 211,297 | 1,544,557 |
| DEPRECIATION | ||||
| At | 1 April 2021 | 177,073 | 177,073 | |
| Charge for year | 9,231 | 9,23I | ||
| At | 31 March 2022 | 186,304 | 186,304 | |
| NET BOOK VALUE | ||||
| At | 31March 2022 | 1,333,260 | 24,993 | 1,358,253 |
| At | 31March 2021 | 1,243,731 | 25,176 | 1,268,907 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Value ofinvestments | at 1 April 2021 | 563,655 | 472,650 | ||
| Dividend | and interest received | 8,941 | 7,421 | ||
| Investment | portfolio | management | charges | (8,296) | (7,274) |
| Movement | in value during year | 22,218 | 90,858 | ||
| Value ofinvestments | at 31 March | 2022 | 586,518 | 563,655 | |
| Analysis: | |||||
| Listed investments | 567,960 | 543,477 | |||
| Cash held | as part ofthe investment | portfolio | 18,558 | 20,178 | |
| 586,518 | 563,655 |
| DEBTORS:AMO | UNTS FALL | ING DUE WITHIN ONE Y | EAR | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Trade debtors | 69 | |||||
| Prepa~nents and accrued income |
10,411 | 13,420 | ||||
| 10,4] 1 | 13,489 | |||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 2022 | 2021 | |||||
| Trade creditors | 44,279 | 13,239 | ||||
| Social security and | other taxes | 2,398 | 2,171 | |||
| Other creditors | 1,149 | 2,671 | ||||
| Accruals and deferred income | 12,525 | 4,778 | ||||
| 60,351 | 22,859 | |||||
| MOVEMENT IN | FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1/4/21 | in funds | 31/3/22 | |||
| Unrestricted funds |
||||||
| Revenue Reserve | 2,079,611 | (86,103) | 1,993,508 | |||
| Cyclical repairs reserve | 14,000 | 14,000 | ||||
| General Charitable | Reserve | 73,572 | 73,572 | |||
| 2,167,183 | (86,103) | 2,081,080 | ||||
| Restricted funds |
||||||
| Morrisons Garden Grant |
366 | (75) | 291 | |||
| Endowment funds |
||||||
| Endowment Reserve |
98,000 | 98,000 | ||||
| TOTAL FUNDS | 2,265,549 | (86,178) | 2,179,371 | |||
| Net movement in funds, included |
in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| Revenue Reserve | 272,147 | (380,468) | 22,218 | (86,103) | ||
| Restricted funds |
||||||
| Momsons Garden Grant |
(75) | (75) | ||||
| TOTAL FUNDS | 272,147 | (380,543) | 22,218 | (86,178) |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1/4/20 | in funds | 31/3/21 | ||||
| Unrestricted funds |
||||||
| Revenue Reserve | 2,042,617 | 36,994 | 2,079,611 | |||
| Cyclical repairs reserve | 14,000 | 14,000 | ||||
| General Charitable | Reserve | 73,572 | 73,572 | |||
| 2,130,189 | 36,994 | 2,167,183 | ||||
| Restricted funds |
||||||
| MoiTisons Garden Grant | 2,009 | (1,643) | 366 | |||
| Endowment funds |
||||||
| Endowment Reserve |
98,000 | 98,000 | ||||
| TOTAL FUNDS | 2,230,198 | 35,351 | 2,265,549 | |||
| Comparative net movement |
in funds, included | in the above are as follows: | ||||
| IncomlIlg | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| Revenue Reserve | 289,668 | (343,532) | 90,858 | 36,994 | ||
| Restricted funds | ||||||
| Morrisons Garden Grant |
(1,643) | (1,643) | ||||
| TOTAL FUNDS | 289,668 | (345,175) | 90,858 | 35,351 |