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|---|---|---|---|---|
|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|
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||||||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|
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|||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|
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|IiVVESTMENT INCOME|||
|---|---|---|
||2023|2022|
|Dividends
and interest on equities and securities|9,182|8,941|
|Deposit account interest|359|176|
||9,541|9,117|
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|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|
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|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|
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|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|
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||||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|
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|||||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|
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|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|
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|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)|
##
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|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)|
##
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|CAPITAL|CO|M|MITMEN|TS|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
|Contracted|but|not|provided|for|irt|the|financial|statements|33,741|73,326|
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