## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|9| |Report ofthe Independent
Auditors|10|to|13| |Statement ofFinancial Activities||14|| |Balance Sheet||15|| |Cash Flow Statement||16|| |Notes to the Cash Flow Statement||17|| |Notes to the Financial Statements|18|to|30| |Detailed Statement ofFinancial Activities||31|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |indicators||below and are den|oted
with a|.||||| |---|---|---|---|---|---|---|---|---| |Business||Health||||||| ||||2021/22|2022/23|Quartile|Median|Quartile|Quartile| ||||||I||3|Performance| |Operating||margin||||||| |(overall)|o||41.62o/o|7.35o/o|12 70o/o|20 20o/o|25.90'/o|Bottom| |Operating||margin (social||||||| |housing|lettings)o||41 62o/o|4.02'/o|15.00'/o|22.20o/o|28.10o/|Bottom| |EBITDA||MRI (as '/o||||||| |interest)*|||N/A|N/A|121.50/o|181.90/o|248.50/o|N/A| ## ## ## ## |Development|(Capacity 8c|Supply)|||||| |---|---|---|---|---|---|---|---| |||2021/22|2022/23|Quartile I|Median|Quartile|Quartile| |||||||3|Performance| |Units developed|||||||| |(absolute)|||||||| |New Supply|Delivered %"|15.38%|0.00%|0.00%|1.20%|2.10%|Bottom| |Gearing %s||N/A|N/A|1900%|35.80%|48.60%|N/A| ## ## ||||2021/22|2022/23|Quartile I|Median|Quartile|Quartile| |---|---|---|---|---|---|---|---|---| ||||||||3|Performance| |Return on
employed|capital
(ROCE)|%"|19,59%|I 35%|2.00%|2.80%|3.70%|Bottom| |Occupancy|||76.73%|86.00%|98.90%|99.50%|99.90%|Bottom| |Ratio ofresponsive||repairs||||||| |to planned|maintenance||N/A|N/A|0.51|0.71|0.98|N/A| ## ## ## ## |Strategic
Financial
Operating|report
review
Efficiencies||||||| |---|---|---|---|---|---|---|---| |||2021/22|2022/23|Quartile I|Median|Quartfie|Quartile| |||||||3|Performance| |Headline|social housing||||||| |cost per unit K||610,451|815,145|83,658|84,230|85,519|Top| |Overheads|as %adjusted||||||| |turnover||N/A|N/A|120%|149%|189%|N/A| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||for the Year|Ended 31March|2023||| |---|---|---|---|---|---|---|---|---| ||||||||31/3/23|31/3/22| ||||||Unrestricted|Restricted|Total|Total| ||||||funds|funds|funds|funds| |||||Notes|8|||| |Income and endowments|||from|||||| |Donations|and legacies|||3|12,554||12,554|44,670| |Charitable|activities|||5||||| |Charitable|activities||||39,712|666,546|706,258|951,256| |Investment|income|||4|~7064||~7064|~6523| |Total|||||~59 330|~666 546|~725 876|~1002449| |Expenditure
on||||||||| |Charitable|activities|||||||| |Charitable|activities||||51,908|644,782|~696690|585,254| |NET INCOME
Transfers
between||funds||19|7,422
~43 559|21,764
~43,559)|29,186|417,195| |Net movement
in funds|||||50,981|(21,795)|29,186|417,195| |Reconciliation offunds||||||||| |Total funds|brought|forward|||2,084,405|44,768|2,129,173|1,711,978| |Total funds carried||forward|||~2135386|~22 973|~2158359|~2129 173| ## ## |||1|March 2023|||| |---|---|---|---|---|---|---| ||||||31/3/23|31/3/22| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|funds|funds| |||Notes||8||| |Fixed assets||||||| |Tangible assets||13|936,005||936,005|1,132,518| |Current assets||||||| |Stocks||14|124||124|87| |Debtors
Cash at bank|and in hand|15|62,631
~1190665|~22 973|62,631
1 213638|66,681
~1004,276| ||||1,253,420|22,973|1,276,393|1,071,044| |Creditors||||||| |Amounts
falling due within one year||16|(48,354)||(48,354)|(49,017)| |Net current|assets||~1205066|22,973|~1,228039|~1022,027| |Total assets|less current liabilities||2,141,071|22,973|2,164,044|2,154,545| |Deferred income||18|(5,685)||(5,685)|(25,372)| |NET ASSETS|||~2135 386|~22 973|~2158,359|~2129 173| |Funds||19||||| |Unrestricted
funds
Restricted funds|||||2,135,386
22,973|2,084,405
~44 768| |Total funds|||||~2158359|2,129,173| ## ## ||DU
AM|ACTION 0|LIMITED|| |---|---|---|---|---| |||Cash|Flow Statement|| |||for th|Ended 31March 2|| ||||31/3/23|31/3/22| |||Notes||| |Cash flows from operating
activities
Cash generated
&om operations|||~31264|~144651| |Net cash provided
by operating
activides|||~31264|~144651| |Cash flows from investing|activities|||| |Purchase oftangible fixed assets|||(10,966)|(78,015)| |Saleoftangible fixed assets
Interest received|||182,000
7064|~6523| |Net cash provided
by/(used|in) investing|activities|~178098|~71,492)| |Change in cash and cash equivalents
the reporting
period||in|209,362|73,159| |Cash and cash equivalents
beginning ofthe reporting|at the
period||~1004276|~931117| |Cash and cash equivalents|at the end|of||| |the reporting
period|||~1213638|1 004276| ## ## ## ||||||31/3/23|31/3/22| |---|---|---|---|---|---|---| ||Net income
Activities)|for the|reporting|period (as per the Statement ofFinancial|29,186|417,195| ||Adjustments|for:||||| ||Depreciation
charges
Interest received||||1,348
(7,064)|847
(6,523)| ||Deficit on disposal
(Increase)/decrease||offixed assets
in stocks||24,131
(37)|135| ||Decrease/(increase)||in debtors||4,050|(28,690)| ||Decrease in|creditors|||@20,350)|(238,313)| ||Net cash provided||by operations||31,264|144,651| |2.|ANALYSIS|OFCHANGES||IN NET FUNDS||| |||||At 1/4/22|Cash flow|At 31/3/23| ||Net cash|||||| ||Cash at bank|and in|hand|~1004276|~209362|1213638| |||||~1004,276|~209 362|~1213638| ||Total|||1,004,276|209,362|1,213,638| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |31/3/23|31/3/22| |---|---| |12,554|~44 670| ## ## |INVES|TMENT|INCOME||| |---|---|---|---|---| ||||31/3/23|31/3/22| |Deposit|account|interest|7,064|~6523| ## |INCOME|FROM CHARITABLE ACTIVITIES||| |---|---|---|---| |||31/3/23|31/3/22| |||Charitable|Total| |||activities|activities| |||6|| |Rents receivable||305,221|302,145| |Service charges||23,778|25,130| |Supporting|people funding|339,643|327,441| |Grant
Sundry income||37,361
255|295,203
~1337| |||~706258|~951256| ## |||Direct|Support|| |---|---|---|---|---| |||Costs (see|costs (see|| |||note 7)|note 8)|Totals| ||||8|| |Charitable|activities|691,534|~5156|696,690| ## ## ## ||DIRECT COSTS OF|CHARITABLE ACTIVITIES||| |---|---|---|---|---| ||||31/3/23|31/3/22| ||Staffcosts||426,082|372,843| ||Housing
management
Housing
services
Personal services||103,897
31,915
20,852|100,220
28,599
33,305| ||Administrative
costs||76,589|38,540| ||Other costs||8,068|5,763| ||Deficit on sale ofassets||24,131|| ||||691,534|579,270| |8.|SUPPORT COSTS|||| |||||Governance| |||||costs| ||Charitable
activities|||5,156| ||Support costs, included|in the above, are as follows:|31/3/23|31/3/22| ||||Charitable|Total| ||||activities|activities| ||Auditors'
remuneration||5,156|5,984| |9.|NET INCOME/(EXPENDITURE)|||| ||Net income/(expenditure)|is stated after charging/(crediting):||| ||||31/3/23|31/3/22| ||Auditors'
remuneration||5,156|5,984| ||Depreciation - owned assets
Deficit on disposal offixed assets||1,348
24,131|847| ## ## ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||31/3/23|31/3/22
I| |Wages and salaries
Social security costs
Other pension costs|||393,150
25,743
7,189|340,447
24,308
~8088| ||||~426 082|372,843| |The average monthly|number ofemployees|during the year was as follows:||| ||||31/3/23|31/3/22| |Charitable
activities|||15|13| |Management
and administration|||3|5| ||||18|18| ## |COMPARATIVKS FOR|THE STATEMENT|OFFINANCIAL ACTIVITIE|S|| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|funds|funds| |Income and endowments|from|||| |Donations
and legacies||44,546|124|44,670| |Charitable
activities||||| |Charitable
activities||154,404|796,852|951,256| |Investment
income||~6523||~6523| |Total||205,473|~796 976|~1002449| |Expenditure
on||||| |Charitable
activities
Charitable
activities||~39408|545,846|585,254| |NET INCOME||166,065|251,130|417,195| |Transfers
between funds||220,978|~220,978)|| |Net movement
in funds||387,043|30,152|417,195| |Reconciliation offunds||||| |Total funds brought
forward||1,697,362|14,616|1,711,978| |Total funds carried forward||~2084 405|44,768|2,129,173| ## ## ## ## |TANGIBLE FIXEDASSETS|||| |---|---|---|---| ||Social||Assets in| ||housing|Freehold|course of| ||properties|property|construction| |COST|||| |At I April 2022
Additions|613,975|200,000|325,858
7,065| |Disposals
Reclassification|(206,131)
324,407||(8,516)
~324407)| |At 31March 2023|~732 251|~200 000|| |DEPRECIATION|||| |At I April 2022|||8,516| |Charge foryear|||| |Eliminated
on disposal|||| |At 31March 2023|||| |NET BOOK VALUE|||| |At 31March 2023|732,251|200,000|| |At 31March 2022|1
613975|200 000|317,342| ## ## ## |TANGIBLE FIXEDASSETS - continued|||| |---|---|---|---| |||Fixtures,|| |||fittings|| ||Motor|and|| ||vehicles|equipment|Totals| ||g||6| |COST|||| |At 1 April 2022|14,020|22,422|1,176,275| |Additions||3,901|10,966| |Disposals||(8,930)|(223,577)| |Reclassification|||| |At 31March 2023|14020|~17393|~963664| |DEPRECIATION|||| |At 1 April 2022|14,020|21,221|43,757| |Charge foryear
Eliininated
on disposal||1,348
~8938|1,348
~17446)| |At 31March 2023|~14020|~13639|~27 659| |NET BOOK VALUE|||| |At 31March 2023||3 754|936005| |At 31March 2022||1,201|~1132518| ## |STOCKS|||| |---|---|---|---| |||31/3/23|31/3/22| |||8|| |Stocks||124|87| |DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR||| |||31/3/23|31/3/22| |Trade debtors||1,381|3,222| |Prepayinents|and accrued income|~61 250|63,459| |||62,631|~66 681| ## ## ## ## |CREDITORS|: AMOUNTS FALLING DUE WITHIN|ONE YEAR|| |---|---|---|---| |||31/3/23|31/3/22| |Trade creditors||27,505|31,181| |Social security
Other creditors|and other taxes|7,662
1,190|6,908
1,086| |Accruals and deferred income||11,997|9,842| |||~48 354|49,017| ## ||Minimum|lease payments
under non-cancellable
operating|lenses fall due as follows;|| |---|---|---|---|---| ||||31/3/23|31/3/22| ||Within one year
Between one and five years||15,013|17,045
2,050| ||||15,013|19,095| |18.|DEFERRED INCOME|||| ||||31/3/23|31/3/22| ||||6|| ||Deferred|income|5,685|25,372| ||||31/3/23|31/3/22| ||As at 1 April
Additions
during the year
Amounts
released during the year||25,372
5,685
~25 372)|213,896
12,324
~200,853)| ||As at 31|March|~5685|25,372| ## ## ## ## ## |MOVEMENT IN FUN|DS|||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1/4/22|in funds|funds|31/3/23| |Unrestricted
funds||||||| |General fund
Fixed Asset Designated|Fund||1,789,202
~295 203|7,422|38,762
~4797|1,835,386
300,000| ||||2,084,405|7,422|43,559|2,135,386| |Restricted funds||||||| |Harry Mears House
Vulnerable
Women's Project|||2,077|24,810
(30,957)|(26,887)
30,957|| |Private Landlord
Partnership|||7,757|13,573|(21,330)|| |Long Term Support and
Volunteer
Co-ordinator|Other Properties||26,313|(14)
18,234|(26,299)|18,234| |Durham Police Fund|||4,217|(267)||3,950| |Welcome Packs
Health and Wellbeing|||1,176
3,228|(602)
~3,013)||574
215| ||||44 768|~21764|~43,559|22973| |TOTAL FUNDS|||~2 129173|~29 186||~2158,359| |Net movement
in funds,|included|in the above are as follows:||||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |Unrestricted
funds||||||| |General fund||||59,330|(51,908)|7,422| |Restricted funds||||||| |Harry Meara House||||141,693|(116,883)|24,810| |Vulnerable
Women's Project||||270,185|(301,142)|(30,957)| |Private Landlord
Partnership||||90,704|(77,131)|13,573| |Long Term Support and
Volunteer
Co-ordinator|Other Properties|||133,103
30,861|(133,117)
(12,627)|(14)
18,234| |Durham
Police Fund|||||(267)|(267)| |Welcome Packs
Health and Wellbeing|||||(602)
~3,013)|(602)
~3013)| |||||~666 546|(644,782)|21,764| |TOTAL FUNDS||||725,876|~696,690)|29,186| ## ## ## |MOVEMENT IN FUNDS -c|MOVEMENT IN FUNDS -c|MOVEMENT IN FUNDS -c|ontinued||||| |---|---|---|---|---|---|---|---| |Comparatives
for movement|||in funds||||| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1/4/21|in funds
6|funds|31/3/22
f| |Unrestricted
funds|||||||| |General fund||||1,697,362|166,065|(74,225)|1,789,202| |Fixed Asset Designated|Fund|||||295,203|295,203| |||||1,697,362|166,065|220,978|2,084,405| |Restricted funds|||||||| |Harry Mears House
Vulnerable
Women's Project
Private Landlord
Partnership
Long Term Support and Other
Hudson House|||Properties|6,021|2,077
(124,722)
7,757
70,815
295,203|124,722
(50,523)
(295,203)|2,077
7,757
26,313| |Durham Police Fund||||4,217|||4,217| |Welcome Packs||||1,176|||1,176| |Health and Wellbeing||||3202||26|3,228| |||||14,616|~251 130|~220,978)|~44 768| |TOTAL FUNDS||||~1,711978|~417 195||~2129173| |Comparative
net movement||in|funds, included|in the above are|as follows:||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||g||| |Unrestricted
funds|||||||| |General fund|||||205,473|(39,408)|166,065| |Restricted funds|||||||| |Harry Meara House
Vulnerable
Women's Project
Private Landlord
Partnership
Long Term Support and Other
Hudson House|||Properties||124,352
147,965
94,275
135,181
295,203|(122,275)
(272,687)
(86,518)
(64,366)|2,077
(124,722)
7,757
70,815
295 203| ||||||~796976|545,846|~251 130| |TOTAL FUNDS|||||~1 002 449|~585 254)|~417 195| ## ## ## |A current year 12month|s|and prior year 12months|combined|position is as fo|llo|ws:|| |---|---|---|---|---|---|---|---| |||||Net||Transfers|| |||||movement||between|At| ||||At 1/4/21|in funds||funds|31/3/23| |Unrestricted
funds|||||||| |General fund|||1,697,362|173,487||(35,463)|1,835,386| |Fixed Asset Designated|Fund|||||300,000|300,000| ||||1,697,362|173,487||264,537|2,135,386| |Restricted funds|||||||| |Harry Meara House||||26,887||(26,887)|| |Vulnerable
Women's Project||||(155,679)||155,679|| |Private Landlord
Partnership||||21,330||(21,330)|| |Long Term Support and||Other Properties|6,021|70,801||(76,822)|| |Hudson House||||295,203||(295,203)|| |Volunteer
Co-ordinator||||18,234|||18,234| |Durham Police Fund|||4,217|(267)|||3,950| |Welcome Packs
Health and Wellbeing|||1,176
3,202|(602)
~3,013)||26|574
215| ||||14,616|272,894||~264,337|22,973| |TOTAL FUNDS||1,711,97$||446 381|||~2158359| |A current year 12months||and prior year 12months|combined|net movement|in|funds, included|in the above a| |as follows:|||||||| |||||Incoming||Resources|Movement| |||||resources||expended|in funds| ||||||||6| |Unrestricted
funds|||||||| |General fund||||264,803||(91,316)|173,487| |Restricted funds|||||||| |Harry Meara House||||266,045||(239,158)|26,887| |Vulnerable
Women's Project||||418,150||(573,$29)|(155,679)| |Private Landlord
Partnership||||184,979||(163,649)|21,330| |Long Term Support and||Other Properties||268,284||(197,483)|70,801| |Hudson House||||295,203|||295,203| |Volunteer
Co-ordinator||||30,861||(12,627)|18,234| |Durham Police Fund||||||(267)|(267)| |Welcome Packs
Health and Wellbeing||||||(602)
~3013)|(602)
~3,013)| |||||1~463,522||(1~190628|~272 894| |TOTAL FUNDS||||1~728325||(1~281944)|~446 381| ## ## ## ## ## ## ## ## ## ## ## |tement o||| |---|---|---| ||31/3/23|31/3/22| |Income and endowments||| |Donations and legacies||| |Donations|12,554|44,670| |Investment
income||| |Deposit account interest|7,064|6,523| |Charitable
activities||| |Rents receivable|305,221|302,145| |Service charges
Suppornng
people funding
Grant|23,778
339,643
37,361|25,130
327,441
295,203| |Sundry income|255|1,337| ||~706 258|~951256| |Total incoming
resources|725,876|1,002,449| |Expenditure||| |Charitable
activities||| |Wages
Social security|393,150
25,743|340,447
24,308| |Pensions|7,189|8,088| |Housing
management
Housing services
Personal services|103,897
31,915
20,852|100,220
28,599
33,305| |Administrative
costs|76,589|38,540| |Other costs|8,068|5,763| |Loss on sale oftangible fixed assets|24,131|| ||691,534|579,270| |Support costs||| |Governance
costs||| |Auditors'
remuneration|5,156|5,984| |Total resources expended|~696 690|585,254| |iVet income|~29 186|~417 195|