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

PDF
Markdown

2021-12-31-accounts

			Page
Report ofthe Trustees	and Directors		1-7
Report ofthe Independent Auditors			8-10
Statement of Financial	Activities		11-12
Notes tothe Statement	of Financial	Activities	13-14
Charity Balance Sheet			15
Consolidated Balance Sheet
Notes to the Financial	Statements		17-21

Charity Number.	Charity Number.	1003108
Company	Number	02566109 (Registered	in England		Jk Wales)
Principal Offic and
Registered	Ofnce:	New Media House, Davidson		Road,
		Lichfield WS149DZ
Auditors:		Seagrave French LLP
		1 Poplars Court
		Lenten Lane
		Nottingham NG7 2RR
Bankers:		The Co-operative Bank	Pic
		118 —120COlmare ROw
		Birmingham B33BN
Adviser.		Broakes Stephens Chartered		Accountants
		New Media House, Davidson		Road,
		Lichfield
		Staffordshire WS149DZ

				Unrestricted	Unrestricted	Designated	Restricted	Total	Tata I
					Funds	Funds	Funds	2021	2020
			Notes		f	f	f	f	f
Incoming Resources:
Incoming Resources from
Generated Funds
Donations from Subsidiary					42,728			42,728	29,576
Interest on Deposits and	investments				76.046			76,046	104,282
Incoming Resources from
Charitable Activities
Social Housing Rents					599,468			599,468	599,029
Grants and other Income					77,690			77,690	68,291
Total Incoming Resources
Itasources Expended:
Charitable Activities
Provision ofServkes				1	433,795	56,052	143,300	633,147	547,311
Governance Costs				2	51,892			51,892	47,647
Total Resources Expended
xiet incoming/Outgoing	Resources
before Gain on Investments					310,245	(56,052)	(143,3DD)	110,893	206,22D
Net Income ex enditure		forthe	r		310,245	(56,0SZ)	(143,300)	110,893	206,220
Unrea lised Gain/(Loss) on		Investments		4	329,674			329,674	(19,960)
Net Incoming/Outgoing	Resources
before Transfers					639,919	(56,052)	(143,300)	440,567	186,26D
Transfers between Funds				3	(639,674)	639,674
Net Movement In Funds					245	583,622	(143,30D)	440,567	186,260
Balances broughtforward
at 1lanuary 2021					1,226,874	3,337,904	156,339	4,721,117	4,534,&57
Balances carried forward
at 31December 2021

Cansolld	ated Statem	ent of	Financial Acthiltles	Financial Acthiltles	for the Year En	ded 31Decemb	er 2021
			Unrestricted		Designated	Restricted	Total	Total
				Funds	Funds	Funds	2021	2020
		Nates		f	E	E	E	E
Incoming Resources:
Incoming Resources from
Generated Funds
Interest on Deposits				76,046			76,046	104,282
Incoming Resources from
Charitable Activities
Social Housing Rents				599,468			599,468	599,029
Ground Rents				20,087			20,087	19,740
Sale of Headleases				26,280			26,280	14,730
Grants and other income				77,690			77,690	68,291
Sundry income in subsidiary				2,550			2,550	1,141
Total incoming Resources
Resources Expended:
Charitable Actlv'Ities
Provision af Services			1	433,795	56,052	143,300	633,147	547,311
Governance Costs			2	51,892			51,892	47,647
Subsidiary Expenditure				6,189			6,189	6,035
Total Resaurces Expended
Net incoming/Outgoing	Resources
befo~e Gain on investments				310,245	(56,D52)	(143,300)	110,893	206,220
N In x n i	re for he	ear		310,245	(56,052)	(143,300)	110,893	206,22D
Unrealised Gain/(Loss)	on Investments		4	329,674			329,674	(19,960)
Net Incoming/Outgoing	Resources
before Transfers				639,919	(56,052)	(143,300)	440,567	186,26D
Transfers between Funds			3	(639,674)	639,674
Net Movement In Funds				245	583,622	(143,300)	440,567	186,260
Balances brought farward
at 1January 2021				1,226.874	3,337,904	156,339	4,721,117	4,534,857
Balances carried forward
at 31December 2021

		Unrestricted	Designated	Restricted	Total	Total
		Funds	Funds	Funds	2021	2020
		E	E	E	E	E
1.	PROVISION OF SKRVICKS
	Management and Maintenance	171,323			171,323	135,661
	Major Repairs		56,052		56,052	32,741
	Disability Adaptations
	Insurance	11,119			11,119	11,649
	Ground Rent	300				713
	Depreciation of Housing Properties	95,824		143,300	239,124	240,562
	Donations	500			5DO	1,750
	Investment Fund Fees	34,668			34,668	28,549
	Support to Youth Activities	8,983			8,983
	Resource Centre	8,157			8,157	8,044
	Events	360			360	j130)
	Grant expenditure	79,652			79,652	67,376
	Downsiring incentive	1,500			l,SDO
	Consultancy	21,409			21,409	17,096
2.	GOVERNANCE COSTS
	Professional Fees	2,725			2,725	694
	Financial Services	19,003			19,003	18,631
	Administration Services	24,414			24,814	22,822
	Auditors' Remuneration	5,014			5,014	4,764
	Insurance	616			616	616
	Bank Charges	120			120	12D

			Opening			Closing
			Balance	Transactions	Transfers	Balance
			f	f	f	f
	Unrestricted Funds
	Income and Expenditure	Account	122 74			27 1
	Designated Funds
	Major ilepairs		2,585,165	(56,052)	270,00D	2,799,113
	Unreaiised Gains		459,071		329,674	788,745
	Cyclical Maintenance		175,00D		30,00D	205,ODD
	Disability Adaptations		20,000		10,000	30,000
	Community Fadlity		98,668			98,668
			3,337,904	(56,052)	639,674	3,921,526
	Restricted Funds
	Capital Fund		143,300	(143,300)
	Capital Grants		13,039			13,039
4.	UNREALISED INVESTMENT MOVEMENT
					2021 E	2D20f
	Linrealised investment	(gain)/loss

		StockVield Community	StockVield Community	StockVield Community	Assodatlon
		Consolidated		Accounts
		REGISTERED NUMBER: 25&8109
		Charity Balance Sheet As		At	31December	2021
					2021		2020
		Notes
FRIED ASSETS:
Tangible assets						298,679		531,802
CURRENT ASSETS.'
Debtors				152,756			265,293
Investments		5	4,635,097				3,880,153
Cash at bank and in hand				178,697			155,037
			4,966,550				4,300,483
CREDITORS:Amounts	falling
due within one year				103,545			117,168
NETCURRENTASSETS:					4,863,005			4,183,315
TOTAL ASSETS LESSCURRENT
LIABILITIESr
RESERVES:
Restricted Funds						13,039		156,339
Designated Funds					3,921,526			3,337,904
Accumulated Funds					1,227,119			1,226,874

3.	TANGIBLE FIXEDASSE	TS
						Land gd
						~dlldl
	COST:
	At 1January 2021					5,986,492
	Additions
	At 31December 2021					5,986,492
	DEPRECIATION:
	At 1January 2021					5,44S,6S9
	Charge for year					239,124
	At 31December 2021					5,6S7,813
	NET BOOKVALUE:
	At 31December 2021					298,679
	At 31December 2020					537,802
4.	DEBTOIIS:AMOUNTS	FAlLING
	DUE WITJIIN ONE YEAR
					2021	2020
					f	f
	Rents due from Bromford		Housing Group		95,668	144,460
	Rent in arrears				14,043	17,605
	Other debtors					17,64S
	Ground rents				13,187	12,495
	Prepayments and accrued		income			~22
						2l922k
5.	CURRENT ASSETINVESTMENTS
					2021	2020
					f	f
	72 Ordmary Shares in	Lloyds Bank pic			49	49
	Managed Investment	Fund			4,038,745	3,234,071
	Birmingham City Council		Consolidated	Loan Fund

				2021	2020
				f	f
	Accrued Expenses			1D5,056	118,721
7.	OPERATING	LEASE COMIIEITMENTS
	The following	operating	lease payments	are committed to be paid within one year:
				2021	202D
				f	f
	Expiring:
	Within one year			4,740	4,740
B.	RESTRICTED	FUNDS
				2021	2020
				f	f
	Capital Fund				143,300
	Capital Grants			13,000	13,000
	Community	Watch			39

	2021f	202Df
Maior Repairs Sinking Fund	2,799,113	2,585,165
Unrealised Gains Sinking Fund	788,745	459,071
Cyrlical Maintenance Sinking Fund	205,DDO	175,000
Disability Adaptation Sinking Fund	3D,DDD	20,00D
Community Facility Fund	98666	2LSE

Income
Administration	and Finance Costs
Het Income
Aggregate of	Capkal and Reserves