| Note | Unrestricted | Restricted | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | ||||||
| • | |||||||
| Turnover | 86,317 | 86,317 | 84,753 | ||||
| Net Operating Expenses. | |||||||
| Administrative Expenses | 3 | 111,986 | 111,986 .'• | '63,344 | |||
| Operating Surplus | 5 | (25,669) | (25,669) | • | 21,4,09 | ||
| Interest Receivable & Other Income | 804 | •804: | 8 | ||||
| Surplus/(Deficit) on Ordinary Activities Before andAfterTaxation − |
i, (24,865) |
(24,865) | • | ,, 21,417 | |||
| Transfers To (From) Designated Reserve.; | |||||||
| Extraordinary Repair Fund | 10 | (28,371) | (28,371) | 9,964 | |||
| Cyclical Maintenance Fund | 11 | 11,099 | 11,099 | (14,302) | |||
| Routine Maintenance Fund | 12. | (24,356) | (24,356) | 8,774 | |||
| 41,628 | 41,628. | (4,437) | |||||
| Surplus for the Year | 16,764 | 16,764 | 16,980 | ||||
| − | z− | ||||||
| Statement of Retained Surplus | |||||||
| Retained Surplus Brought Forward | 405,742 | 405,742 | 388,762 | ||||
| Surplus (Deficit) for the Year | 16,764 | 16,764 | 16,980 | ||||
| Retained Surplus Carried Forward | 422,506 | 422,506 | 405,742 |
| Balance Sheet | Balance Sheet | Balance Sheet | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| As At | 31 | December | 2022 | • | |||||||||
| , | |||||||||||||
| Notes | 2022 | 2021 | |||||||||||
| Fixed Assets | |||||||||||||
| • | Housing Properties • Fixtures and Fittings |
6 7 |
739,677 , 7,850 •• |
• | − | **• ** | 739,677 8,722 |
||||||
| 747,527 | • | 748,399 | |||||||||||
| Current Assets | |||||||||||||
| Debtors | 8 | 7,062 | |||||||||||
| Bank Accounts | 592,808 | −−−609,803− | − | ||||||||||
| 592,808 | 616,865 | ||||||||||||
| Creditors : Amounts falling due within one year | 9 | (1,500) | (1.365) | ||||||||||
| Net Current Assets ' | 591,308 | , | 615;300 | ||||||||||
| Total Assets Less Current | Liabilities | **' ** | 1,338,835 | 1,363,699 | |||||||||
| Funds −Unrestricted | |||||||||||||
| ,Income and Expenditine Account | 422,506 | 405,742 | |||||||||||
| Extraordinary Repair Fund | 10 | 205,602 | 233,973 | ||||||||||
| Cyclical Maintenance Fund | 11 | ' | 179,382 | 168,283 | |||||||||
| **Routine Maintenance Fund ** | , − |
12 | 92,027 | 116,383 | |||||||||
| Revaluation Reserve s |
15 | .439,318 1,338,835 ,• |
.. | −... | , | 439,318 1,363,699 |
|||||||
| , |
| 2 | Employee Information | Employee Information | • | − | **2022 ** | _ | .2021 | ||
|---|---|---|---|---|---|---|---|---|---|
| Honoraria | 10,264 | • 9,330 | |||||||
| The average weekly number o f employees during the year was as | follows: | ||||||||
| 2022 | 2021 | ||||||||
| No | • | No | |||||||
| Office Staff | 2 | 2 | |||||||
| Other | 0 | 1 3 |
1 3 |
||||||
| 3 | AdministrativeExpenses | ,2022 | −.2021 | ||||||
| Honoraria | £ _ 10,264 |
, £ . 9,330 |
|||||||
| Committee Room Expenses Printing Stationery and Advertising |
, ., |
1,000 167 |
1,397 293 |
||||||
| Subscriptions | 614 | 300 | |||||||
| Security Charges | 7,694 | 6,970 | |||||||
| Property Repairs | • | 86,647 | 39,563 | ||||||
| Insurances | 2,339 | 2,407 | |||||||
| Sundry Expenses | • | 754 | .0 | 566 | |||||
| −−.Arec•:iuntancy− − |
., | 1,500 | .1,406 | ||||||
| Professional Fees | |||||||||
| − | |||||||||
| Depreciation... | ' 872 | . | 969 | ||||||
| Bank Charges | 135 | • | 144 | ||||||
| 111,986 | 63,344 | ||||||||
| Interest Receivable & | Other Income | 2022 | 2021 | ||||||
| 4 | |||||||||
| Sundry Income | |||||||||
| −Bank Interest Received | 581 | 8 | |||||||
| Grants & Donations Received | 223 | ||||||||
| 804 | |||||||||
| Operating Surplus | |||||||||
| 2022 | 2021 | ||||||||
| The Operating Surplus is Stated after charging: | |||||||||
| Property Maintenance | 86,647 | _39,563 | |||||||
| Depreciation o f Tangible Fixed Assets •10,264 |
872 | 969 | |||||||
| _ | Honoraria −note 2 | .9,330 | |||||||
| Accountancy Charges | 1,500 | 1,406 |
| Fixtures & Fittings | Total | |
|---|---|---|
| Cost | ||
| At 1 January 2022 | 26,927 | |
| Additions | ||
| At 31 December 2022 | 26,927 | |
| Depreciation | ||
| At 1 January 2022 | 18,205 | |
| Charge for Year | 172 | |
| At 31 December 2022 | 19,077 | |
| Net Book Value | ||
| At 31 December 2022 | 7,850 | |
| At 31 December2021 | 8,722 | |
| Debtors | 2022 | |
| Prepayments | ||
| Creditors | 2022 | 2021 |
| Amounts falling due within one year: | ||
| Accruals | 1,500 | 1,370 |
| Creditors | 195 | |
| 1,500 | 1,565 |
| **10 ** | Extraordinary Repair Fund | 2022 | ° 2021 | ||
|---|---|---|---|---|---|
| Balance at startof year | 233,97t | 224,009 | |||
| Transfer to (from) fund in year (page 3) | (28,37;1) | 9,964 | |||
| Balance at end of year | 205,602 | • | 233,973 | ||
| , . |
|||||
| **11 ** | CYclicul Maintenance−Fund | 2022 ' | 2021 | ||
| £ | £ | ||||
| Balance at start of year | 168,283 | 182,488 | |||
| Transfer (from) to fund in year (page 3) | 11,099 | (14,204) | |||
| Balance at end of year | 179,382 | • | 168,283 | ||
| **12 ** | Routine Maintenance Fund | 2022 | 2021 | ||
| Balance at start o f year | 116,383 | 107,676 | |||
| Transfer to fimd in year (page 3) | (24,356) | 8,707 | |||
| Balance at end of year | 92,027 | 116,383 | |||
| **13 ** | Rents | 2022 | 2021 | ||
| • £ | |||||
| Rents Receivable | 86,317 | 84,753 | |||
| **14 ** | Homes and Bedspaces | 2022 | 2021 | ||
| £ • | i ' | ||||
| Number of units in management | 20 | 20 | |||
| , | |||||
| **15 ** | RevaluationReserve | 2022 | 2021 | ||
| Balance at 1 January 2022 | 439,318 | 439,318 | |||
| Revaluation during the year | |||||
| Balance at 31 December 2022 | 439,318 | 439,318 |