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|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|
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|||||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|
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|||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|
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|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|
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||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|
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||||||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|
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|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|
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|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|
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|||||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|
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|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)|
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||||||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|
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