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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 tothe Statement|of Financial|Activities|13-14|
|Charity Balance Sheet|||15|
|Consolidated
Balance Sheet||||
|Notes to the Financial|Statements||17-21|
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|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||||
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|||||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|||||||||
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|||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|
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||||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|||||
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|||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|
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|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|||
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|||||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|
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||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|
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|Income||
|---|---|
|Administration|and Finance Costs|
|Het Income||
|Aggregate of|Capkal and Reserves|
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