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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 of Financial Activities|13-14|
|Charity Balance Sheet||15|
|Consolidated|Balance Sheet|16|
|Notes to the|Financial Statements|17-21|
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|Charity Number.|Charity Number.|1003108||||
|---|---|---|---|---|---|
|Company|Number:|02588109(Registered|In England||&Wales)|
|Principal Office and||||||
|Registered|Office:|New Media House, Davidson||Road,||
|||Llchfield WS149DZ||||
|Auditors:||Seagrave French
LLP||||
|||1Poplars Court||||
|||Lenton Lane||||
|||Nottlngham
NG7 2RR||||
|Bankers:||The Co-operative
Bank|Pic|||
|||118- 120Colmore Row||||
|||Birmingham
83 3BN||||
|Adviser:||Brookes Stephens
Chartered||Accountants||
|||New Media House, Davidson||Road,||
|||Llchfield||||
|||Staffordshire
WS149DZ||||
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|||||Unrestricted|Unrestricted|Designated|Restricted|Tota I|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|Funds|2022|2021|
||||Notes||E|E|E|E|E|
|Incoming Resources:||||||||||
|Incoming Resources from||||||||||
|Generated
Funds||||||||||
|Donations from Subsidiary|||||30,717|||30,717|42,728|
|Interest on Deposits and Investments|||||112,587|||112,587|76,046|
|Incoming Resources from||||||||||
|CharItable Activities||||||||||
|Social Housing
Rents|||||597,051|||597,051|599,468|
|Grants and other Income|||||58,781|||58,781|77,690|
|Total Incoming Resources||||||||||
|Resources Expended:||||||||||
|Charitable
Activities||||||||||
|Provision ofServices||||1|595,869|77,158||673,027|633,147|
|Governance
Costs||||2|55,824|||55,824|51,892|
|Total Resources Expended||||||||||
|Net Incoming/Outgoing
Resources||||||||||
|before Gain on Investments|||||147,443|(77,158)||70,285|110,893|
|N
Income
dlture|for|h|r||147,443|(77,158)||70,285|110,893|
|Unrealised
(Loss)/Gain
on|Investments|||4|(533395)|||(533,395)|329,674|
|Net Outgoing/Incoming
Resources||||||||||
|before Transfers|||||(385,952)|(77,158)||(463,110)|440,567|
|Transfers between
Funds||||3|242,793|(229,754)|(13,039)|||
|Net Movement
In Funds|||||(143,159)|(306,912)|(13,039)|(463,110)|440,567|
|Balances brought forward||||||||||
|at 1January 2022|||||1,227,119|3,921,526|13,039|5,161,684|4,721,117|
|Balances carried forward||||||||||
|at 31December 2022||||||||||
||||Unrestricted|Unrestricted|Designated|Restricted|Tote
I|Tota I|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|2022|2021|
|||Notes||E|E|E|E|E|
|Incoming Resources:|||||||||
|Incoming Resources from|||||||||
|Generated
Funds|||||||||
|Interest on Deposits||||112,587|||112,587|76,046|
|Incoming Resources from|||||||||
|Charitable
Activities|||||||||
|Social Housing
Rents||||597,051|||597,051|599,468|
|Ground
Rents||||19,645|||19,645|20,087|
|Sale of Headleases||||15,400|||15,400|26,280|
|Grants and other Income||||58,781|||58,781|77,690|
|Sundry Income in subsidiary||||2,224|||2,224|2,550|
|Total Incoming Resources|||||||||
|Resources Expended:|||||||||
|Charitable
Activities|||||||||
|Provision ofServices|||1|595,869|77,158||673,027|633,147|
|Governance
Costs|||2|55,824|||55,824|51,892|
|Subsidiary
Expenditure||||6,552|||6,552|6,189|
|Total Resources Expended|||||||||
|Net Incoming/Outgoing|Resources||||||||
|before Gain on Investments||||147,443|(77,158)||70,285|110,893|
|N t income
ex
I|re forthe|ear||147,443|(77,158)||70,285|110,893|
|Unreallsed
(Loss)/Gain|on investments||4|(533,395)|||(533,395)|329,674|
|Net Outgoing/Incoming|Resources||||||||
|before Transfers||||(385,952)|(77,158)||(463,110)|440467|
|Transfers
between
Funds|||3|242,793|(229,754)|(13,039)|||
|Net Movement
ln Funds||||(143,159)|(306,912)|(13,039)|(463,110)|440,567|
|Balances brought
forward|||||||||
|at 1January 2022||||1,227,119|3,921,526|13,039|5,161,684|4,721,117|
|Balances carried forward|||||||||
|at 31December 2022|||||||||
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|||Unrestricted|Designated|Restricted|Tota I|Tote I|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|2022|2021|
|||E|E|6|f|E|
|PROVISION|OF SERVICES||||||
|Management|and Maintenance|182,947|||182,947|171,323|
|Major Repairs|||67,556||67,556|56,052|
|Disability Adaptations|||9,602||9,602||
|Insurance||13,724|||13,724|11,119|
|Ground Rent||300|||300|300|
|Depreciation|of Housing Properties|239,124|||239,124|239,124|
|Donations||1,440|||1,440|500|
|Investment|Fund Fees|34,943|||34,943|34,668|
|Support to Youth Activities||14,423|||14,423|8,983|
|Resource Centre||8,029|||8,029|8,157|
|Events||19,378|||19,378|360|
|Grant expenditure||58,341|||58,341|79,652|
|Downsizing|incentive|1,500|||1,500|1,500|
|Consultancy||21,720|||21,720|21,409|
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|Professional|Fees|3,101|3,101|2,725|
|---|---|---|---|---|
|Financial Services||19,539|19,539|19,003|
|Administration|Services|27,646|27,646|24,814|
|Auditors'
Remuneration||4,764|4,764|5,014|
|Insurance||654|654|616|
|Bank Charges||120|120|120|
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|3.|TRANSFERS||BETVYEEN|FUNDS|||||
|---|---|---|---|---|---|---|---|---|
||||||Opening|||Closing|
||||||Balance|Transactions|Transfers|Balance|
||||||E|E|E|E|
||Unrestricted
Income and||Funds
Expenditure|Account|1227 119|385952|~242 7|~160|
||Designated||Funds||||||
||Major Repairs||||2,799,113|(67,556)|335,418|3,066,975|
||Unrealised||Gains||788,745||(533,395)|255,350|
||Cyclical Maintenance||||205,000||22,289|227,289|
||Disability Adaptations||||30,000|(9,602)|(5,398)|15,000|
||Community||Facility||98,668||(48,668)|50,000|
||||||3,921,526|(77,158)|(229,754)|3,614,614|
||Restrkted|Funds|||||||
||Capital Grants||||13,039||(13,039)||
|4.|UNREALISED INVESTMENT MOVEMENT||||||||
||||||||2022|2021|
||||||||E|6|
||Llnrealised||investment|loss/(gain)|||||
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|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
||||||Land gt|
||||||~lldi|
|COST:||||||
|At 1January
2022|||||5,986,492|
|Additions||||||
|At 31December 2022|||||5,986,492|
|DEPRECIATION:||||||
|At 1January
2022|||||5,687,813|
|Charge for year|||||239,124|
|At 31December 2022|||||5,926,937|
|NET BOOK VALUE:||||||
|At 31December 2022|||||59,555|
|At 31December 2021|||||298,679|
|DEBTORS:AMOUNTS|FALLING|||||
|DUE WITHIN ONE YEAR||||||
|||||2022|2021|
|||||E|E|
|Rents due from Bromford Housing Group||||155,325|95,668|
|Rent In arrears||||15,258|14,043|
|Other debtors||||||
|Ground
rents||||12,776|13,187|
|Prepayments
and accrued Income||||34829|~225|
|CURRENT ASSET INVESTMENTS||||||
|||||2022|2021|
|||||E|E|
|72 Ordinary Shares in|Lloyds Bank pic|||49|49|
|Managed
Investment|Fund|||3,505,350|4,038,745|
|Birmingham
City Council||Consolidated|Loan Fund|9QLiZk|5263K|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||f|f|
||Accrued Expenses|||170,364|105,056|
|7.|OPERATING
LEASE COMMITMENTS|||||
||The following operating||lease payments|are committed to be paid within one year:||
|||||2022
f|2021f|
||Expiring:|||||
||Within one year|||4,740|4,740|
|8.|RESTRICTED FUNDS|||||
|||||2022
f|2021f|
||Capital Grants||||13,000|
||Community
Watch||||39|
|9.|DESIGNATED FUNDS|||||
|||||2022
f|2021f|
||Major Repairs Sinking|Fund||3,066,975|2,799,113|
||Unrealised
Gains Sinking||Fund|255,350|788,745|
||Cyclical Maintenance|Sinking Fund||227,289|205,000|
||Disability Adaptation
Sinking Fund
Community
Facility Fund|||15,000
~00|30,000
98668|
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||||Tangible|Net||
|---|---|---|---|---|---|
||||Fixed|Current||
||||Assets|Assets|Total|
||||E|E|6|
|Restricted|Funds|||||
|Unrestricted||Funds|59555|1,024,405|1,083,960|
|Designated||Funds||3,614,614|3,614,614|