OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Report ofthe Trustees 1 to 12
Report oftha Independent
Auditors		 13 to 16
Statement ofFInancial Activities 17
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow Statement
Notes tothe Financial Statements 21 to 33
Detailed Statement
ofFinancial'Activities		 34 to 35

OBJECTIVESAND ACTIVITIES
Over the last two years we have managed
our services through
a global		 pandemic by introducing robust preventable and
containing
work practices which were welcomed
by our workforce, tenants		 and their relatives alike.
An enhanced
cleaning
programme
is now
well established
this ensures		 all areas of the organisation are cleaned twice
daily, these steps have been taken
in addition
to routine
systems
of infection
control		 and where appropriate the use of
personal
protective
equipment
(PPE).
Staff receive
induction,
ongomg
training,
professional
development
and		 performance reviews to ensure that they remain
up to date
with
recommended
practice
and
regulatory
requirements		 to enable them to carry out their role and
responsibilities
to the standards
we expect.
We use safe recruitment
and
selection
procedures.
All members
of staff undergo		 an enhanced Disclosure and Barring
Service (DBS)check and have pre-employment
checks to confirm that they		 are suitable to work with vulnerable people.
Comments
about staff included
in our last Care Quality Commission
report include:
Relatives
told
us they felt confident
staff were
appropriately
trained
and
equipped
to carry out
included,
"The staff are very good. They know what they' re doing, " and "Ithink the staff are excellent.		 their
"		 role. Comments
A professional
who
has
regular
contact
with
the
service
told
us staff		 had
been		 very
supportive		 when a person was
physically
unwell.
They said, "[Staff) went above and beyond
their remit
were available at night to support
[them) and were aery accommodating
to		 to support
the patient
[their) needs. "		 after the operation They
Our Services
We offer flexible person-centred
support
packages
with the aim to maximise
tenant's		 life opportunities, achieve greater
independence,
develop
daily living skills and promote social inclusion.
We support tenants
by:
-Offenng one-to-one, tailored support from staff who are onsite 24 hours a day, 7days a week
- Providing
home-cooked,
healthy
meals
if required', catering for dietary requirements)
- Providing a clean, comfortable
and friendly
livmg environment
We support tenants
with:
—Managing
finances (budgeting,
claiming benefits, debts)
—Personal care and medication
management
-Attending
medical appointments
- Developing
hobbies / interests
-Access to education,
training,
volunteering
and employment
-Access to leisure, cultural
and social activities (holidays,
day trips and celebrations)
-Maintaining
a tenancy
- Developing
daily living skills
- Maintaining
physical,
mental and emotional
well-being
-Developing
and maintaining
soaai networks
and positive relationships

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31MARCH 2022
STRATEGIC REPORT
We will also endeavour to:
-Advance our reputation
and position to be the		 preferred
choice		 for referrals due performance and quality.
- Bean employer
ofchoice.
- Provide specialist developmental
mental
health		 and social inclusion trainmg to staff on an annual basis.
-To maintain
an occupancy rate ofover 9SIE
STRUCTURE, GOVERNANCE
AND MANAGEMENT
Governing
document
Wordsley
Housing
Society
is a company
limited
by guarantee		 in England
(registered		 company number 02337864) which
was incorporated
on 7 September
1990and achieved		 charitable status on 11December 1990 (registered charity number
1001178).
The Society was established
under
a Memorandum		 of Association, which estabhshed the objects and powers of the
Society, and a Board of Trustees,
which acts for and		 in the name of the Society, governs the Society under its Articles of
Association.
Recruitment
and appointment
ofnew trustees
Trustees are recruited
through
an open process		 of selection
and		 are appointed at the Annual General Meeting for a period
ofthree years after which they may stand for re-election.
The
Society
endeavours
to recruit
trustees		 with
appropriate		 skills and local knowledge who will make a positive
contribution
tothe work ofthe Society.
As the Society is incorporated
as a company
limited
by		 guarantee, the trustees are deemed to be directors of the Society
Organisational
structure
The Society's Board of Trustees
consists of up		 to six members and is comprised of the Chairman, Deputy Chairman and
other elected trustees
all of whom are unpaid.
The Board of Trustees
would
meet bi-monthly		 throughout
the		 year and day to day responsibility for the management of
the Society rests with the manager
who
is directly
accountable		 to the Board of Trustees. However due to the pandemic
the manager
kept the board informed
via email
initially		 until we had the facilities to hold Zoom meetings.
The Board ofTrustees
retains
ultimate
control over all		 aspects of the Society's work and ensures that its financial and legal
responsibilities
are properly fulfilled.
All trustees give their time voluntarily
and receive no benefits from the		 Society.
Induction
and training ofnew trustees
New trustees
receive a trustee
handbook
and		 undergo
an induction		 process to brief them on their legal obligations and
responsibilities.
New trustees
undertake
a skills audit and are asked to identify		 any training needs, which are addressed either by in-house
training
sessions or by encouraging
them to attend appropriate		 external training events.

REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
IW Hinks
LLP
Chartered
Accountants
and Statutory
Auditors
19Highfield
Road
Edgbaston
Birmingham
8153BH
Solicitors
Higgs and Sons
3Waterfront
Business Park
Brierley
Hill
West Midlands
DY5 1LX
Bankers
Lloyds Bank pic
134 High Street
Stourbridge
West Midlands
DYS5AF

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 13
Charitable
activities
Grants receivable 51,542 51,542 64,819
Fees receivable forcare and support 465,621 465,621 426,598
Rent and service charges 361,084 361,084 355,477
Investment
income		 3 6,965 6,965 5,730
Other income 23 23 904
Total 833,693 51,542 885,235 853,541
EXPENDITURE ON
Charitable
activities
Charitable
activities		 650,258 51,542 701,800 686,340
Support costs 132,603 132,603 133,835
Total 782,861 51,542 834,403 820;175
Net gains on investments 4,742 4,74Z 33,000
NET INCOME 55,574 55,574 66,366
RECONCILIATION
OF FUNDS
Total funds brought forward 451,871 451,871 385,505
TOTAL FUNDS CARRIED FORWARD 507,445 507,445 451,871
The notes form part ofthese financial statements

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
FIXEDASSETS
Tangible assets 13 2,655 2,655 3,767
Investments 14 163,256 163,256 158,747
165,911 165,911 162,514
CURRENT ASSETS
Debtors 15 56,324 56,324 53,915
Cash at bank and in hand 315,394 315,394 310,373
371,718 371,718 364,288
CREDITORS
Amounts
falling due within one year		 16 (30,184) (30,184) (74,931)
NET CURRENT ASSETS 341,534 341,534 289,357
TOTAL ASSETS LESSCURRENT LIABILITIES 507,445 507,445 451,871
NET ASSETS 507WS 507,445 451,871
FUNDS 18
Unrestricted funds 507/45 451,871
TOTALFUNDS 507,445 451,871

2022 2021
Notes 6 E
Cash flows from operating activities
Cash generated
from operations		 (1,961) 42,707
Net cash (used in)/provided by operating activities (1,961) 42,707
Cash flows hom investing activities
Purchase oftangible fixed assets (216)
Purchase ofcurrent asset investments (32,767) (183,317)
Sale ofcurrent asset investments 33,000 184,190
Interest received 6,965 5,730
Net cash provided
by investing
activities		 6,982 6,603
Change in cash and cash equivalents in the
reporting period 5,021 49,310
Cash and cash equivalents atthe beginning
ofthe reporting
period		 310,373 261,063
Cash and cash equivalents atthe end ofthe
reporting
period		 315,394 310,373

2022 2021
E E
Net income forthe reporting period (as per the Statement ofFinancial
Activities) 55,574 66,366
Adjustments
for:
Depreciation
charges		 1,328 1,883
Gain on investments (4,742) (33,000)
Interest received (6,965) (5,730)
Increase in debtors (2/N9) (37,245)
(Decrease)/increase in creditors (44,747) 50,433
Net cash (used In)/provided by operations (1,961) 42,707
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At31.3.22
6 E 6
Net cash
Cash at bank and in hand 310,373 5,021 315,394
310,373 5,021 315,394
Total 310,373 5,021 315,394

3. INVESTMENT INCOME
2022 2021
E f
Bank interest receivable 3,499 2,759
Dividends
received		 3,466 2,971
6,965 5,730
INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Activity E E
Grants receivable Grants receivable 51,542 64,819
Fees received from residents Fees receivable forcare and support 465,621 426,598
Fees received from residents Rent and service charges 361,084 355,477
878r247 846,894
Grants received, included in the above, are as follows:
2021 2021
E E
Dudley MBC 49,623 63,186
Grants under E1,000 1,919 1,633
51,542 64,819
5. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 6) note 7) Totals
E E E
Charitable
activities		 701,800 701,800
Support costs 132,603 132,603
701,800 132,603 834rNS
DIRECT COSTS OF CHARITABLE ACTIVITIES
2022 2021
E E
Staff costs 536,076 481,651
Covld-19 expenditure 5,085 26,697
Rent„rates and water 48,483 48,482
Light and heat 27,275 27,054
Repairs
and maintenance		 16,686 41,717
Insurance 5,783 5,067
Motor and travel costs 61 162
Food costs 47,232 46,958
Cleaning costs 10,344 4,325
Recreational
and occupational		 3,447 2,344
Depreciation 1,328 1,883
701.800 686.340
7. SUPPORT COSTS
Governance
Other costs Totals
E E
Support costs 129,003 3,600 132,603
Support costs, included
in the above, are as follows:
2022 2021
Support Total
costs activities
E E
Wages 64,169 63,940
Social security 6,414 6,399
Pensions 13,380 12,522
Hire ofequipment 9,802 9,710
General expenses 4,772 5,382
Legal and professional 5,197 4,559
Telephone 3,075 2,718
Subscriptions 3,151 3,134
Secunty 2,885 3,711
Printing,
postage and stationery		 8,178 10,004
Stafftraining costs 7,980 8,026
Bad debts 130
Carried forward 129,003 130,235

SUPPORT COSTS - continued SUPPORT COSTS - continued
2022 2021
Support Total
costs activities
6 E
Brought forward 129,003 130,235
Auditors'
remuneration		 3,600 3,600
132,603 133,835
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
E f
Auditors'
remuneration		 3,600 3,600
Depreciation
-owned assets		 1,328 1,883
Hire ofplant and machinery 9,802 9,710
Other operating
leases		 5,085 26,697

STAFF COSTS
2022 2021
E E
Wages and salaries 579,076 534,951
Social security costs 27,583 17,039
Other pension costs 13,380 12,522
620,039 564,512
The average monthly number ofemployees during the year was as follows;
2022 2021
Management, administration and support 40 35
No employees received emoluments in excess ofE60,000.

TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
E E E
COST
At 1April 2021 100,444 14,711 115,155
Additions 216 216
At31March 2022 100,660 14,711 115,371
DEPRECIATION
At 1April 2021 96,677 14,711 111,388
Charge for year 1,328 1,328
At 31March 2022 98,005 14,711 112,716
NET BOOK VALUE
At 31March 2022 2,655 2,655
At 31March 2021 3,767 3,767

2022 2021
E
163456 158,/47
2022 2021
E E
Broughtforward 158,747 126,620
Adjustments/Transfers (233) (621)
Capital decrease (252)
Revaluations 4,742 33,000
163,256 158,747

DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YE		 AR
2022 2021
E E
Trade debtors 49,915 51,614
Other debtors 659
Accrued income 6,280 1,513
Prepayments 129 129
56,324 53,915

CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR
2022 2021
E E
Trade creditors 826 21,753
Social security and other taxes 7,189 8,379
Other creditors 4,532 35,170
Accrued expenses 17,637 9,629
30,184 74,931

2022 2021
6 E
85,393 32,256
Within one year 338,249 48,489
Between one and five years
423,642 80,745

MOVEMEN T
IN F		 UNDS
Net
movement At
At 1.4.21 in funds 31.3.22
E E f
Unrestricted funds
General fund 1,340 55,865 57,205
Designated fund- Fundraising 531 (291) 240
Designated fund -Reserves fund 450,000 450,000
451,871 55,574 507WS
TOTALFUNDS 451471 55,574 507,445
Incoming Resources Gains and Movement
resources expended losses in funds
E E f E
Unrestricted
funds
General fund 833,693 (782,570) 4,742 55,865
Designated
fund - Fundraislng		 (291) (291)
833,693 (782,861) 4,742 55,574
Restricted funds
Workforce Capacity Grant through Dudley
CVS paid for by Dudley MBC 9,954 (9,954)
Infection Protection Control 3,783 (3,783)
Rapid Test Fund 9,861 (9,861)
Infection Control and Testing 9,343 (9,343)
Discretionary
Testing		 Fund 8,174 (8,174)
Vaccine Grant 427 (427)
Workforce Capacity Fund DCVS 10,000 (10,000)
51,542 (51,542)
TOTALFUNDS 885,235 (834,403) 4,742 55,574
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
E E E E
Unrestricted funds
General fund $5,491 65,849 (150,000) 1,340
Designated fund - Fundraising 14 517 531
Designated fund - Reserves fund 300,000 150,000 450,000
385,505 66,366 451,871
TOTALFUNDS 385,505 66,366 451,871
Incoming Resources Gains and Movement Movement
resources expended losses in funds
E E E E
Unrestricted
funds
General fund 787,818 (754,969) 33,000 65,849
Designated
fund - Fundraising		 904 (387) 517
Designated
fund - Covid		 Grant from Dudley
MBC 22,305 (22,305)
Designated
fund - Tenant Grant (Telford gr
Wrekin Council) 1,634 (1,634)
812,661 (779,295) 33,000 66,366
Restricted funds
Infection Control Grant Round 1from
Dudley MBC 10,483 (10,483 I
Infection Control Grant Round 2 from
Dudley MBC 10,334 (10,334)
Rapid Testing Discretionary Fund 4,266 (4,266)
Workforce Capacity Grant through Dudley
CVS paid for by Dudley M BC 15,797 (15,797)
40,880 (40,880)
TOTALFUNDS 853,541 (820,175) 33,000 66,366
Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.22
E 6 E E
Unrestricted funds
General fund 85,491 121,714 (150,000) 57,205
Designated fund - Fundraising 14 226 240
Designated fund - Reserves fund 300,000 150,000 450,000
385,505 121,940 507,445
TOTALFUNDS 385,505 121,940 507,445

Incoming Resources Gains and Movement
resources expended losses in funds
E 6 6 E
Unrestdcted
funds
General fund 1,621,511 (1,537,539) 37,742 121,714
Designated
fund - Fundraising		 904 (678) 226
Designated
fund - Covid Grant from		 Dudley
MBC 22,305 (22,305)
Designated
fund - Tenant Grant (Telford		 gr
Wrekin Council) 1,634 (1,634)
1,646,354 (1,562,156) 37,742 121,940
Restricted funds
Infection Control Grant Round 1from
Dudley MBC 10,483 (10,483)
Infection Control Grant Round 2from
Dudley MBC 10,334 (10,334)
Rapid Testing Discretionary Fund 4,266 (4,266)
Workforce Capacity Grant through Dudley
CVS paid for by Dudley MBC 25,751 (25,751)
Infection Protection
Control		 3,783 (3,783)
Rapid Test Fund 9,861 (9,861)
Infection Control and Testing 9,343 (9,343)
Discretionary
Testing Fund		 8,174 (8,174)
Vaccine Grant 427 (427)
Workforce Capacity Fund DCVS 10,000 (10,000)
92,422 (92,422)
TOTAL FUNDS 1,738,776 (1,654,578) 37,742 121,940