2023-03-31-accounts

			Page
Report ofthe Trustees		1	to	3
Report ofthe Independent	Auditors	4	to	6
Statement ofBnancial Activities
Balance Sheet		8	to	9
Notes to the Financial Statements		10	io	17

					for the Year E	nded 31March	2023
								2023	2022
					Unrestricmd	Restricted	Endowment	Total	Total
					funds	funds	fund	funds	funds
				Notes		f
INCOME AND
ENDOWMENTS		FROM
Charitable activities				3
Social housing					329,057	500		329,557	263,030
Investment income				2	9,541			9,541	9,117
Total					338,598	500		339,098	272,147
EXPENDITURE		ON
Raising funds				4	7,900			7,900	8,296
Charitable activities
Social housing					375,058	75		375,133	372,247
Total					382,958	75		383,033	380,543
Net gains/(losses)	on
investments					(28,678)			(28,678)	22,218
NKT
INCOME/(EXPENDITURE)					(73,038)	425		(72,613)	(86,178)
RECONCILIATION			OF
FUNDS
Total funds brought		forward			2,081,080	291	98,000	2,179,371	2,265,549
TOTAL FUNDS	CARRIED
FORWARD					2,008,042	716	98,000	2,106,758	2,179,371

		31M	arch 2023
					2023	2022
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes			6		f.
FIXEDASSETS
Tangible assets	11	1,486,042	109	98,000	1,584,151	1,358,253
Investments	12	459,122			459,122	586,518
		1,945,164	109	98,000	2,043,273	1,944,771
CURRENT ASSETS
Debtors	13	15,778			15,778	10,411
Cash atbank and in hand		144,981	607		145,588	284,540
		160,759	607		161,366	294,951
CREDITORS
Amounts falling due within one
veai	14	(97,881)			(97,881)	(60,351)
NET CURRENT ASSETS		62,878	607		63,485	234,600
TOTAL ASSETSLESS
CURRENT LIABILITIES		2,008,042	716	98,000	2,106,758	2,179,371
NET ASSETS		2,008,042	716	98,000	2,106,758	2,179,371
FUNDS	15
Unrestricted funds					2,008,042	2,081,080
Restricted funds					716	291
Endowment funds					98,000	98,000
TOTAL FUNDS					2,106,758	2,179,371

IiVVESTMENT INCOME
	2023	2022
Dividends and interest on equities and securities	9,182	8,941
Deposit account interest	359	176
	9,541	9,117

INCOME FROM CHAR	ITA	BLE ACTIVITIES
				2023	2022
		Activity
Residents' Room Charges		Social housing		323,756	257,086
Other income		Social housing		301	1,225
Grants		Social housing		500	719
Employment allowance		Social housing		5,000	4,000
				329,557	26'3,030
RAISING FUNDS
Investment management	costs
				2023	2022
Portfolio management				7,900	8,296
CHARITABLE ACTIVITIES		COSTS
			Direct	Support
			Costs (see	costs (see
			note 6) f	note 7) f.	Totals
Social housing			291,630	83,503	375,133
DIRECT COSTS OF CHARITABLE ACTIVITIES
				2023	2022
					6
Staffcosts				127,691	118,165
Rates and water				10,013	9,843
Insurance				13,304	10,540
Light and heat				25,454	27,042
Telephone				3,740	4,592
Food and other household	costs			23,149	23,099
Repairs and Maintenance				63,835	58,610
Council Warden Service				8,221	7,769
Gardening				2,169	5,423
Hire ofplant and machinery				3,672	3,744
Depreciation				10,382	9,231
				291,630	278,058

SUPPORT COSTS
			Governance
		Management	costs	Totals f
Social housing		81,303	2,200	83,503
Support costs, included	in the above, are as follows:
			2023	2022
			Social	Total
			housing	activities
Salaries			62,023	70,366
Marketing costs			286	2,414
Sundries			1,711	2,384
Subscriptions and Affiliation Fees			8,951	9,085
Professional fees			8,332	7,840
Auditors' remuneration			2,200	2,100
			83,503	94,189
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
			2023	2022
Auditors' remuneration			2,200	2,100
Depreciation —owned assets			10,382	9,231

STAFF COSTS
			2023	2022
Wages and salaries			171,595	171,379
Social security costs			9,996	9,370
Other pension costs			8,123	7,782
			189,714	188,531
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
Total staff			12	13

			Fixnues
		Freehold	fittings
		property	k equipment f	Totals f.
COST
At	1 April 2022	1,333,260	211,297	1,544,557
Additions		230,479	5,801	236,280
At	31March 2023	1,563,739	217,098	1,780,837
DEPRECIATION
At	1 April 2022		186,304	186,304
Charge for year			10,382	10,382
At	31 March 2023		196,686	196,686
NET BOOK VALUE
At	31March 2023	1,563,739	20,412	1,584,151
At	31 March 2022	1,333,260	24,993	1,358,253

				2023	2022
					6
Value ofinvestments		at 1 April 2022		586,518	563,655
Dividend	and interest received			9,182	8,941
Investment	portfolio	management	charges	(7,900)	(8,296)
Withdrawals during		the year		(100,000)
Movement	in value	during year		(28,678)	22,218
Value ofinvestments		at 31 March	2023	459,122	586,518
Analysis:
Listed investments				439,423	567,960
Cash held	as part ofthe investment		portfolio	19,699	18,558
				459,122	586,518

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
		f
Prepayments aud accrued income	15,778	10,411
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
Trade creditors	60,528	44,279
Social security and other taxes	2,]92	2,398
Other creditors	5,968	1,149
Accruals and deferred income	29,193	12,525
	97,881	60,351

MOVEMENT IN	FUNDS
			Net
			movement	At
		At 1/4/22	in funds	31/3/23
Unrestricted funds
Revenue Reserve		1,993,508	(73,038)	1,920,470
Cyclical repairs reserve		14,000		14,000
General Charitable	Reserve	73,572		73,572
		2,081,080	(73,038)	2,008,042
Restricted funds
Monisons Garden Grant		291	(75)	216
Ward Councillors			500	500
		291	425	716
Endowment funds
Endowment Reserve		98,000		98,000
TOTAL FUNDS		2,179,371	(72,613)	2,106,758

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
Revenue Reserve	338,598	(382,958)	(28,678)	(73,038)
Restricted funds
Morrisons Garden Grant		(75)		(75)
Ward Councillors	500			500
	500	(75)		425
TOTAL FUNDS	339,098	(383,033)	(28,678)	(72,613)

Comparatives for	movement in funds
			Net
			movement	At
		At 1/4/21	in funds	31/3/22
		6
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
Momsons Garden Grant		366	(75)	291
Endowment funds
Endowment Reserve		98,000		98,000
TOTAL FUNDS		2,265,549	(86,178)	2,179,371

	Incoming	Resources	Gains and	Movement
	resources f	expended	losses	in funds
Unrestricted funds
Revenue Reserve	272,147	(380,468)	22,218	(86,103)
Restricted funds
Morrisons Garden Grant		(75)		(75)
TOTAL FUNDS	272,147	(380,543)	22,218	(86,178)

CAPITAL	CO	M	MITMEN	TS
									2023	2022
Contracted	but	not	provided	for	irt	the	financial	statements	33,741	73,326