2023-04-05-accounts

		Page
Report ofthe Trustees	1	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	7	to	12
Detailed Statement ofFinancial Activities

				2023	2022
		Unrestricted	Endowment	Total	Total
		funds	fund	funds	funds
	Notes				6
INCOME AND ENDOWMENTS FROM
Contributions trom residents		22,246		22,246	21,361
Investment income		27,164		27,164	25,739
Total		~49 410		49,410	47,100
EXPENDITURE ON
Support costs		20,654		20,654	20,718
Management and administration
Management and administration		18,780	8,841	27,621	25,677
Total		39,434	8 841	48275	46395
Net gains/(losses) on investments			~81,9977	~81197	28,187
NET INCOME/(EXPENDITURE)		9,976	(90,438)	(80,462)	28,892
RECONCILIATION OP FUNDS
Total funds brought forward		110,274	1,399,416	1,509,690	1,480,798
TOTAL FUNDS CARRIED PORWARD		120250	1308978	1,429 228	1,509,690

						2023	2022
				Unrestricted	Endowment	Total	Total
				fimds	fund	funds	funds
			Notes		f.
FIXEDASSETS
Tangible assets			5		400,000	400,000	400,000
Investments			6	73,804	908,978	982782	~1077,057
				73,804	1,308,978	1,382,782	1,477,057
CURRENT ASSETS
Debtors Cash at bank			7	26,937 27,147		26,937 27,147	17,449 ~22 599
				54,084		54,084	40,048
CREDITORS
Amounts falling	due within one year		8	(7,638)		(7,638)	(7,415)
NET CURRENT ASSETS				46446		~46446	32,633
TOTAL ASSETSLESSCURRFPK
LIABILITIES				120,250	1,308,978	1,429,228	1,509,690
NET ASSETS				120250	I 308 978	1,429228	1 509,690
FUNDS
Unresnicted funds:
General fund						91,780	90,704
Extraordinary	Repair	Fund				12,035	4,535
Cyclical Maintenance		Fund				16435	15,035
						120250	110,274
Endowment Funds						~1308978	1,399416
TOTAL FUNDS						~1429,228	1,509 690

			2023	2022
			8
Investment	income	- Fixed Interest Securities	2,483	2,033
Investment	Income	- UK Equities	~24681	~23 706
			27,164	~25 739

		Unrestricted	Endowment	Total
		funds	fund	funds
INCOME AND ENDOWMENTS FROM
Contributions	trom residents	21,361		21,361
Investment income		25,739		~25 739
Total		47,100		47,100
EXPENDITURE ON
Support costs		20,718		20,718
Management	and administration
Management	snd administration	25 677		25,677
Total		46,395		46,395

	for the Year	for the Year	for the Year	Ended 5April 20	Ended 5April 20	23	23	23	23
	COMPARATIVES FORTHE STATEMENT			OFFINANCIAL		ACTIVITKS - continued
						Unrestricted		Endowment		Total
						funds			End	funds
						6
	Net gains/(losses) on investments								28,187	~28 187
	NET INCOME/(EXPENDITURE)					705			28,187	28,892
	RECONCILIATION	OF FUNDS
	Total funds brought forward					109,569		1,371,229		1,480,798
	TOTAL FUNDS CARRIED FORWARD					110374		1,399,416		1,509 690
5.	TANGIBLE FIXED	ASSETS
										Freehold
										property
	COST
	At 6April 2022 and 5	April 2023								400,000
	NET BOOKVALUE
	At 5 April 2023									~400 000
	At 5April 2022									~400 000
	The properties were revalued		by Independent	surveyor	Cottons	Chartered	Surveyors		in November 2020 at
	6400,000.
6.	FIXEDASSETINVESTMENTS
										Investment
										portfolio
	MARKET VALUE
	At 6 April 2022									1,077,057
	Additions									88,226
	Disposals Revaluations									(85,209) ~97 292
	At 5April 2023									982,782
	NET BOOKVALUE
	At 5April 2023									982,782
	At 5April 2022									~1077057

								Investment
								portfolio
	Valuation in	2023						29,540
	Cost							~953242
								982,782
7.	DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
							2023	2022
							f
	Other debtors						25,994	15,749
	Prepayments						943	1,700
							26,937	17,449
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
							2023	2022
	Other creditors						7,638	~7415
9.	MOVEMENT IN FUNDS
							Net
							movement	At
					At	6.422	in funds	5.4.23
	Unrestricted	funds
	General fund				90,704		1,076	91,780
	Designated Extraordbrsry Repair Designated Cyclical Maintenance			Fund Fund	4,535 15035		7,500 ~1400	12,035 16,435
					110,274		9,976	111,409
	Endowment	funds
	Permanent Endowment				1,399,416		(90,438)	1,308,978
	TOTAL FUNDS				1,509690		~80462	14292211

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				8		f
Unrestricted		funds
General fund			49,410	(39,434)		9,976
Endowment		funds
Permanent	Endowment			(8,841)	(81,597)	(90,438)
TOTAL FUNDS			49,410	~48 75	81597	80,462
Unrestricted		funds

						Net
						movement	At
					At 6.4.21	in funds	5.422
Unrestricted		funds
General fund					89,999	705	90,704
Designated		Extraordinary	Repair	Fund	4,535		4,535
Designated		Cyclical Maintenance		Fund	15035		15,035
					109,569	28,892	110,274
Endowment		funds
Permanent	Endowment				1,371,229	2$,187	1,399,416
TOTAL FUNDS					1,4$0798	28 892	~1509,690

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
					8
Unrestricted	funds
General fund		47,100	(46,395)		705
Endowment	funds
Permanent Endowment				28,1&7	28,187
TOTAL FUNDS		47 100	~46,395	28,1$7	28,892

						Net
						movement	At
					At 6.421	in funds	5.4.23
					f
Unrestricted		funds
General fund					89,999	1,781	91,780
Designated		Extraordinary	Repair	Fund	4,535	7,500	12,035
Designated		Cyclical Maintenance		Fund	15,035	1,400	16,435
					109,569	10,681	111,409
Endowment		funds
Permanent	Endowment				1371,229	(62,251)	1,308,97$
TOTAL FUNDS					I 499799	~51,5711	I 429 229

					Income k.	Resources	Gains snd	Movement
					transfers f,	expended 8	losses f	in funds
Unrestricted		funds
General fund					96,510	(94,729)		1,781
Designated		Extraordinary	Repair	Fund	7,500			7,500
Designated		Cyclical Maintenance		Fund	2,000	(600)		1,400
Endowment		funds
Permanent	Endowment					(8,841)	(53,410)	(62451)
TOTAL FUNDS					106,010	(1~04,170	53,410	~51,570)

for the	Year Ended 5April 20	23
		2023	2022
INCOME AND ENDOWMENTS
Donations and legacies
HB Receipts		22,246	21,361
Investment income
Investment income - Fixed Interest Securities		2,483	2,033
Inveslment Income - UK Equities		24,681	23,706
		27,164	25,739
Total incoming resources		49,410	47,100
EXPENDITURE
Support casts
Insurance		7,313	5,804
Water rates		1,700	1,155
Light and heat		471	480
General repairs and heating		3,850	7,722
Cleaning and pest contml		1,145	1,343
Grants paid		5,775	4,214
Christmas gifts to residents		400
		20,654	20,718
Management and administration
Legal fees - Tyndalwoods		9,264	7,525
Accountancy		3,922	3,634
Brokers Management fee (charged to endowment	fund)	8,841	9,636
BCOP Management fees		5,594	4,333
Trustees msulance			549
		27,621	~25 677
Total resources expended		~48 275	~46 395
Net income before gains and losses		1,135	705
Net gains and losses
Net gains/(losses) on fixed asset investments		81 59	~28 187
Net (expenditure)/income		L80,462)	~28 892