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|||Page|
|---|---|---|
|Report ofthe|Trustees and Directors|1—7|
|Report ofthe|Independent
Auditors|8-10|
|Statement
of|Financial Activities|11-12|
|Notes to the|Statement
ofFinancialActivities|13-14|
|Company
Balance Sheet|||
|Consolidated|Balance Sheet|16|
|Notes to the|Financial Statements|17-21|
##
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|Chaffty Number:|Chaffty Number:|Chaffty Number:|1003108|||||
|---|---|---|---|---|---|---|---|
|Company||Number:|02988109(Registered
in England||&Wales)|||
|Pdinclpal|Office and|||||||
|Registered||Office:|New Media Bouse, Davidsan|Road,||||
||||Lithfield WS14 9DZ|||||
|Auditors:|||Seagrave French Ll.P|||||
||||1 Poplars Court|||||
||||Lenton Lane|||||
||||Nottingham
NG7 2RR|||||
|Bankers:|||The Co-operative
Bank Pic|||||
||||118-120Colinore Row|||||
||||Birmingham
833BN|||||
|Advlseri|||Broakes Stephens
Chartered|Accountants||||
||||New Media Bouse, Davidson|Road,||||
||||Llchffield|||||
||||Staffordshire
WS14 9DZ|||||
|Directors||and Trustees||||||
|The directors ofthe charitable
company
(the charity) are its|||||trustees for the purpose of charity|law. Throughout|this|
|report any reference to|||trustees
applies equally ta directors||and vice versa.|||
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|||and a|Stateme|nt
ofTotal Recog|nt
ofTotal Recog|nised
Gains and|Losses)|||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Designated|Restricted|Total|Total|
||||||Furl dc|Funds|Funds|2020|2019|
||||Notes||E|E|E|E|E|
|Incoming Resources:||||||||||
|Incoming Resources from||||||||||
|Generated
Funds||||||||||
|Donations
from Subsidiary|||||29,576|||29,576|27,504|
|Interest on Deposits and|Investments||||104,282|||104,282|71,822|
|Incoming
ReSOurtea fram||||||||||
|Charitable
Activities||||||||||
|Social Housing
Rents|||||599,029|||599,029|587,925|
|Grants and other interne|||||68,291|||68,291|28,562|
|Total incoming
Resources||||||||||
|Resources Expended:||||||||||
|Charitable Activities||||||||||
|Provision of Services||||1|371,179|32,741|143,391|547,311|585,811|
|Governance
Costs||||2|47,647|||47,647|49,203|
|Total Resources Expended||||||||||
|Net Incoming/Outgoing|Resources|||||||||
|before Gain on Investments|||||382,352|(32,741)|(143,391)|206,220|80,799|
|Net income
ex enditure||f r he|ear||382,352|(32,741)|(143,391)|206,220|80,799|
|Unrea (ised
(Loss)/Gain
on||Investments||4|(19,960)|||(19,960)|334,289|
|Net Incoming/Outgoing|Resources|||||||||
|before Transfers|||||362,392|(32,741)|(143,391)|186,260|415,08S|
|Transfers between
Funds||||3|(362,040)|362,04D||||
|Net Movement
in Funds|||||352|329,299|(143,391)|186,260|415,08S|
|Balances brought forward||||||||||
|at 1January
202D|||||1,226,522|3,008,6D5|299,73D|4,534,857|4,119,769|
|Balances carried forward||||||||||
|at 31December 2D20||||||||||
||||Unrestricted|Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|2020|2019|
|||Notes||E|f|f|f|f|
|Incoming Resources:|||||||||
|Incoming Resources from|||||||||
|Generated
Funds|||||||||
|Interest on Deposits||||104,282|||104,282|71,822|
|Incoming Resources from|||||||||
|Char'Itable
Activities|||||||||
|Social Housing
Rents||||599,029|||599,029|587,925|
|Ground
Rents||||19,74D|||19,740|17,301|
|Sale ofHeadleases||||14,73D|||14,730|15,425|
|Grants and other Income||||68,291|||68,291|28,562|
|Sundry Income in subsidiary||||1,141|||1,141|825|
|Total Incoming Resources|||||||||
|Resources Expended:|||||||||
|Charitable
Activities|||||||||
|Provision of Services|||1|371,179|32,741|143,391|547,311|585,811|
|Governance
Costs|||2|47,647|||47,647|49,203|
|Subsidiary
Expenditure||||6,035|||6,035|6,047|
|Total Resources Expended|||||||||
|Net Incoming/Outgoing
Resources|||||||||
|before Gain on Investments||||382,352|(32,741)|(143,391)|206,220|80,799|
|Net incom
x
nditure|forthe|ear||382,352|(32,741)|(143,391)|206,220|80,799|
|Unrealised
(Loss)/Gain
on|Investments||4|(19,960)|||(19,960)|334.289|
|Net incoming/Outgoing
Resources|||||||||
|before Transfers||||362,392|(32,741)|(143,391)|186,260|415,DBB|
|Transfers between
Funds|||3|(362,04D)|362,040||||
|Net Movamerit
iri Funda||||352|329,299|(143,391)|186,260|415,088|
|Balances brought
forward|||||||||
|at 1January 202D||||1,226,522|3,008,605|299,730|4,534,857|4,119,769|
|Balances carried forward|||||||||
|at 31December 2020|||||||||
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|||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|
|||Funds
E|Fundsf|Funds
f|2D20
f|2019
f|
|L|PROVISION OF SERVICES||||||
||Management
and Maintenance|135,661|||135,661|168,449|
||Major Repairs||32,741||32,741|43,094|
||Disability Adaptations|||||5,131|
||Insurance|11,649|||11,649|11,704|
||Ground
Rent|713|||713||
||Depreciation
ofHousing Properties|97,171||143,391|240,562|239,215|
||Donations|1,750|||1,750|1,177|
||Investment
Fund Fees|28,549|||28.549|27,420|
||Support to Youth Activities|||||12,733|
||Resource Centre|8,044|||8,044|7,521|
||Events|(130)|||I130)|52,44D|
||Grant expenditure|67,376|||67,376||
||Downsizing
incentive|3,300|||3,3DD||
||Consultancy|17,D96|||17,096|16,927|
|2.|GOVERNANCE COSTS||||||
||Professional
Fees|694|||694|4,318|
||Financial Services|18,631|||18,631|15,959|
||Administration
Services|22,822|||22,822|23,176|
||Auditors'
Remuneration|4,764|||4,764|5,014|
||Insure nce|616|||616|616|
||Bank Charges|12D|||120|120|
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|||||Opening|||Closing|
|---|---|---|---|---|---|---|---|
|||||Balance|Transactions|Transfers|Balance|
|||||f|f|f|f|
||Unrestricted
Funds|||||||
||Income and Expenditure||Account|1226 522|362392|~362 D40|1226 874|
||Designated
Funds|||||||
||Major Repairs|||2,275,9D6|(32,741)|342,DDO|2,585,165|
||Unreaiised
Gains|||479,031||(19,960)|459,071|
||Cyclical Maintenance|||145,DDO||3D,DDO|175,000|
||Disability Adaptations|||1D,ODD||10,DOO|20,000|
||Comrnumty
Facility|||98,668|||98,668|
|||||3,008,605|(32,741)|362,040|3,337,904|
||Restricted
Funds|||||||
||Capital Fund|||286,691|(143,391)||143,300|
||Capital Grants|||13,039|||13,039|
|4,|UNREALISED INVESTMENT MOVEMENT|||||||
|||||||2020|2D19|
|||||||f|f|
||Unrealised
mvestmant|loss/(gain)||||||
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||||2020||2019||
|---|---|---|---|---|---|---|
|||Notes|||||
|FIXEDASSETS:|||||||
|Tangible assets||||537,802||772,978|
|CURRENT ASSETS:|||||||
|Debtors|||265,293||190,171||
|Investments||5|3,880.153||3,553,559||
|Cash at bank and in hand|||155,037||76,471||
||||4,300,483||3,820,201||
|CREDITORS: Amounts|falling||||||
|due within one year|||117,168||58,322||
|NET CURRENT ASSETS.'||||4,183,315||3,761,879|
|TOTAL ASSETS LESSCURRENT|||||||
|LIABILITIES:|||||||
|RESERVES:|||||||
|Restricted
Funds||||156,339||299,730|
|Designated
Funds
Accumulated
Funds||||3,337.904
1,226,874||3,00S,605
1226 522|
|||||~72|||
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||||asat 31|December 2020||||
|---|---|---|---|---|---|---|---|
|||||2020||2019||
||||Notes|||||
|FIXEDASSETS:||||||||
|Tangible assets|||||537,802||772,978|
|CLIRRENT ASSETS:||||||||
|Debtors||||214,733||179,434||
|Investments||||3,880,153||3,553,559||
|Cash at bank and|in hand|||207,150||88,693||
|||||4,302,036||3,821,686||
|CREDITORS: Amounts||falling||||||
|due within one year||||118,721||59,807||
|NET CURRENT ASSETS:|||||4,183,315||3,761,879|
|TOTAL ASSETS LESSCURRENT||||||||
|LIABILITIES:||||||||
|RESERVES:||||||||
|Restricted
Funds|||||156,339||299,730|
|Designated
Funds
Accumulated
Funds|||||3,337,904
1,226,&74||3008 605
1.226,522|
||||||472|||
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|3.|TANGIBLE FIXEDASSE|TS||||||
|---|---|---|---|---|---|---|---|
||||||||Land fk|
||||||||~ildi|
||COST:|||||||
||At 1January
2020||||||5,981.106|
||Additions||||||5.386|
||At 31December 2020||||||5,986,492|
||DEPRECIATIOIs:|||||||
||At 1January 2020||||||5,208,128|
||Charge for year||||||240,562|
||At 31December 2020||||||5,448,690|
||NET BOOKVALVE:|||||||
||At 31December 2020||||||537,802|
||At 31December 2019||||||772,978|
|4.|DEBTORSr AMOUNTS|FALLING||||||
||DUE WITHIN ONE YEAR|||||||
||||||2020||2019|
|||||||E|E|
||Rents due from Bromford||Housing Group||144,460||140,809|
||Rent in arrears||||17,605||15,026|
||Other debtors||||17,648|||
||Ground rents||||12,495||9,480|
||P repayments
and accrued||income||~22|2|14119|
|5|CURRENTASSET INVESTMENTS|||||||
||||||2020||2019|
|||||||E|E|
||72 Ordinary Shares in|Lloyds Bank pic||||49|49|
||Managed
Investment|Fund|||3,234,071||3,179,031|
||Birmingham
City Counril||Consolidated|Loan Fund|646|033|374479|
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|||||||202D|2D19|
|---|---|---|---|---|---|---|---|
||||||||6|
||Accrued|Expenses||||118,721|59,807|
|7.|OPERATING||LEASE COMMITMENTS|||||
||The following||operating|lease payments|are committed|to be paid within one year;||
|||||||2020|2019|
|||||||E|E|
||Expiring:|||||||
||Within one year|||||4,740|4,740|
|8.|RESTRICTED||FUNDS|||||
|||||||202D|2D19|
|||||||E|f|
||Capital|Fund||||143,30D|286.691|
||Capital|Grants||||13,00D|13,000|
||Community||Watch|||39|39|
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|DESIGNATED FUNDS|||
|---|---|---|
||2020|2019|
|||E|
|Major Repairs Sinking Fund|2,585,165|2,275,906|
|Unrealised
Gains Smkmg Fund|459,071|479,031|
|Cyclical Maintenance
Sinking Fund|175,000|145,000|
|Disability
Adaptation
Sinking Fund|20,DDD|10,00D|
|Community
Facility Fund|98668|~98668|
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||||Tangible|Net||
|---|---|---|---|---|---|
||||Fixed|Current||
||||Assets|Assets|Total|
||||E|6|f|
|Restricted|Funds||143,300|13,039|156.339|
|Unrestricted||Funds|394,502|832,372|1,226,874|
|Designated||Funds||3,337,904|3,337,904|