|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| ## ## ## ## ## ## ## ##