Charfty r•gl$tratlon nurnber 1037430
Company rogl•tr•tEon nurnbor 02919404 (England #nd Walasl
ST ANNE'S HOSTEL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

ST ANNE'S HOSTEL
LEGALAND ADMINISTRATIVE INFORMATION
Board
Mr S W Morgan ICh?Irmanl
Mr J S Martin
Mi P S Hlgman
Ms P C Shepherd
Dr A Passmor•
M6 E A Millèt
Mr S Sharma
MS Caroline Naven
Mr tJ8vid Kinnalr
M$ O HaTrl$
Sorrgtsry
M$Amanda Trappett
Chorfty numbgr
1037430
Company numb•r
02919404
Rogl$tor•d offi¢p
112 Mo8el8y Slreel
Ighgale
Blrmingham
We81 Mldlands
8120RY
Indepèndent examlnèr
Jenoms
Lum8nerl House
￿1￿he Gale
Blythe Valby Park
Solihull
WeNI Mldland$
880 8AH

ST ANNE'S HOSTEL
CONTENTS
Page
Board report
St8tsrnenl of Board respon6lblliligS
Indep¥ndgnt 8X8mlngf8 fepcrt
stalernonl of financlal a￿1￿118$
Balance sheet
9.10
Statement of c48h IksW8
Nfjt￿ to th¢ fingnclal slatomenl8
12-23

BOARD REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
Th6 Boaid prè¥ènt thelrannual report 8nd finanthl $tatement8forth8 )wr endèd 31 M•rch 2023.
The &cc¢unts hav• boonpreparod Inac¢ordon¢•vAththe aeKounYngpolicloJ88toul In nots 1 tothb Rcce
#nd comply ¥Ath th• clwrfty4 mom0M￿UM ortd a￿￿81 018880cl8kn, thè Cornperd8s A¢t 2008 ond lh•
alement of Recommènded PracUce,'Aceountlng and Reportlfig by Chorflles" Issl￿ in January 2019.
ObJ•¢tlveo Ind actlvlll
The obJectlv6s ars thè provl¥lGn of 8¢cwnm¢iJ&tton in the dty of bimiingham frjr 6lngl• lTh)eleBS mon vtho
#ra pn>vldèd 01$18t8n￿ In r8sdO6mwrtln the communty.
The Board have pall duo to quldonc4 lswod by tho Ch8rfty Camml¥•lon In deddlng what aetMOe#
the charity Should undertako.
R•nt PollGy
The cornpanY8 poIIGy1810th8ryJ8 rent at18vel8 thal are affordable srKI rnfiecttho quèNtydaccomMod8Uon.
manogement gnd oupport prov1d￿. Tho P￿n￿￿o of Bfford*bla rnnts 18 to oncourap r¢ddontè to ffnd
employmont ond gsc4p•.from th• eulturn of stats bonefits. Tp •nBbl• ￿ et>Mpary tr* 8cfvl•v• th18, the Mnt
l•vals at 8omo of N¥ exlBUng and new propoTY•B whlch are u89d for movMn aocomrnoilotlon have b
reduc4d or 8¢t at a lower leyet U)on those whern Inten81￿ support Is provided. The69 wlucod rentlgv
haw not afftttod tho q￿l￿Ofthts 8c¢ommod8Yon pwded.
Lofig t•mi •to¢k n￿l￿enant8 r•p&lr poll¢y
The comwnl8 ￿lleY IJ to m•ir*th Ito hO￿1n￿ *od( to the hlqhgBt pMlblo It￿d￿NI•. thoroby ensurfng
both staff arKf ro8ld¥nt iofoty.
E8ch fln¥ncl8lyeara dotallod pl4nlsdrafft up, %sth1¢*18 Inclu¢lod Inthel)udg9ts. tocarryrArtthewortd8t811ed
and thls IB rnosdtored by senlor manBgemenl to ¢n8ufe 811 Approprfats rep8ifS are cth•d out.
Gon8ral repdrB aroc8rThpd ¢)uton a day-tg-day t4*swhon nwl•d. Tha Compa￿ m9n¥or li rF¥pond
for •n5Urtng that rO￿lr9 8T8 Idèntmed And carrfèd whèn nO•d￿ th• p8rfom1an￿& of L¥Jntra¢tm l•
nstantly revlw**d to •n$u￿th9 c¥>rnp8ny gohljvwvaluè for rnon￿.
Re•erves pollcy
Th• Board t*ve adomed lh8 pdlty tsf putting fund8 Into è designated rp8èrve end of the de6tgn#led
re6erw 88 roqulrod. The dIrectO￿ ¢on$lder that the company h#B ￿ffiCIent au6ts to m¢et gbllgattorn 8B
thoy 8rtw an d*gntttsd and ￿n￿O.
Tho Dlroctc*r• ore of th• oplnlon thet lh• ng8rl for & d•8lgngte(I rw• h*¥ dimw191￿} 08 9 01
8uI)tstsnllo1 I￿1￿ and m8lntenan¢o 6*pondttLtyP. The Cornpayty Ims d•dded nct top up the uydlt*l
mglnlengnre reggrvo from 98wal M8erve8 thi6 ye8r.
Th& lavai rf•lMI noad forlha d￿grAte￿ r860rv8 wlll ￿)n￿n￿l0 b8 a814$8ed e*ch year.
A¢h10￿m•n￿ •nd porfoTrn•nc•
SIAnne's lo Invost In IIB fadtstses durlng th&ygsT und has8￿¥8&fUllY rnalnts1n￿ tho quBIty ofKs
proviBiOn for 88rylc¥ U$gTS gt 8 time whore fundlng 1$ con8tralned. Thè Company h85 continuod to PTogr
pl8ns for the dgvdopm8nt af fts dJ¥elopment 8W vAth tha F4an8 tr thg dovgloprnwrt ill• aqreod qnd
the ￿annInll appllcauon undèrnw.
A••M•m•nt ofhvwth• RP h •chI•¥I￿ v•lu•formon8y
The 8oatd r•cognb8B tha Importants of wnnlng tho charity in 8 bUsIn￿41k0 way in to maxmwo the
•V8lloblg lo Inve81 In the BeNlcos provtd&J to re81dent8 who 8re atlho cenlmof ￿1 Ihal we

¥eak to do th[8 by workng fogelher wlth Hknmlndod ¥upptth ond contradorn. They hgtp UB ddfver
s8rvieéBlnBmt)r8 COBI.8ffedi¥6 Bnd efflolontW44y byworklTrg coll8tsvadvety to off8rioln•d up 8oluUbn8whlch
ero moro Innovjtlvo gnd Ixtt•rlarg6tad. By*wknngtogothoran(l thldng •WII$ 8nd WèC4n JD•k
lo achlovo mo
We con81arty rovlew ourwl¢k6 and opor•U0￿*o 8n8urg wo ach￿¥ègraat8reffi￿eftdaB 8rtd dèlfr￿v$1￿0
to our rB8Jdpnts.
Sl Anno* Hotht h98 prepAr•d th8 groundwort to report 898ln8t qn agread 8¢f ol m•a8UTOa for Valup for
Money, th&1 w8rg roqulrod by.R¢gulator.for ￿•1 H¢uBlng (R6￿, Sl Anng'j Hostd can offer thb lollthvlnll
Infomi#ffonfor VFM mghtQ8 forth# wr ond March 2023.'-
2021122
ReInV￿tr￿0nI %
5.8%
' MI￿ 8xponaitttr• 8Th1
pr•pgraUon for nwBulkl,
(Flxed A588t￿idIu0￿# è8 8
I POTGÈnlage oftotsl fixed ass•ts
at Ihe end of thè WiDd)
New supply18ocl8114ouolng
un￿&)
(Soctal unltA doveloped,
acqulFfjd or leo*1 In-y8gr a8 8
pwronfag8 t)fTLtsI 80d#l unlt8
It lh& erKI 011￿ i)w(od)
No 80dJl hou￿￿ vhlts
ddfv•rod Inyear.
2b
' Ntsw Supply INI)trAodAI
Heu8lng UnSts) %
{Non-Soclg1 unllo th8lopts.
Acqulrèd or I￿8¢d In-year as a
ptrrcefitagè ofTotsl 80ci?l
I￿ocIal unl1¥ atthg end of the
¢rf¢)dl
No ￿01 houthg wl
dollv4r•d In yoar.
earfng %
Rèdudlon In cash duo to
op8ratrig10s9.
2.1%
Short and long
m loans and
¢aBh equlvaleni# ￿ a
P¢T¢¥ntago ofTAnglblts fixed
eBITDA MRI IntOT¢Bt Covpr %
Op•rdng •wplupj(defiol) Plu8
Gilnl{10081 Oh d1$p￿1 bf fflxad
447,7%
115.8%
Capltaliatd Intérost and Ihtgrnst
payabl• ancl In8Rein9 Eo¥Is.
.. Hq8dlln• SD¢tal Tr1￿1ng Coot£
Mwall•monl ¢ortfor•odg5
h￿BI￿ #nd ho•tol
accommodatlon gra nol
8eParnt¢Fy Idenufted.
nlo

I Op8rallng Margln (8o¢lal
| h￿IngtO￿n98) %
SuryAu8 aflrtbutsble lo ￿[91
hou8lw not separal8ly Id￿d.
6b
Operailng Maryln (￿¢￿51) %
.2%
Opernbng108o gnd Impacl of
addthnal (*rnddllgn
RotUTn on CèpltAI EM￿0Yed
-12A%
los5 And ImpACt of
1 8ddMlon81 doprgdAYon
.0.2%
FlnAn¢ial rgvlvw
Thb re8ults lor tho yw8lw a defldt of £83,481 (2021-22 d￿￿t01£983￿. The dofldtlj i reBuII of ￿￿￿11
opornung condltloftj, ￿1h Inmo¥d 88 a of Bplr•lllng emrw prtcts and LWI of Ilvlng Incr•e
for 8tallthldTr we hove bgen unthe to matchwhh inc¥eased ch8rge$ to T¢￿dOn15 or thè Cty Counul lthich
ha$ c*pped hO￿l￿g ben8￿1 Inc¥•a9aS to b&low Ihe rats of infidtion). Those In￿8￿￿ c99ts together v41th
8ddMlonal depredallpn reldtlng to fh8 novly a¢quI￿d Park Mew 8ccommod8tton aLwunt for the defr¢h for
the y8ar. Added to Ih98& infi4tlongry pr8B6ure8 hHs be8n Ihg City Cwndl's fl8vKd of pttlld88
dgolgnwj to fvnding for •nhan¢&d oupport whlch h88 not baen dollvernd by Dome pro￿￿erB. SI.
Anne'8 ha8 14c•d unr6a8onobl• dthb•c% ot fvndlng d• balng ong of a of provldgrj who
chl#v•d a￿￿¥(￿1&u0n through th• Coundl'B own quaNty Ital￿ord& schème.
Thg Comp8nyvlll, a8 It h96 do￿ in every previol￿ yeor, alm to lei8 br8ak4vèrn l￿dget￿￿ ftrturo y48t¥. In
oddwon, the Dlr¢ctorg belrtg mlndlul ofthevagart68 of the Clty Counc41tsftJndlng and polld89, have
8nl8rnd Into wSth ¥￿thaT provkieT to thelr ofoup olJu¢ture in orthr to streng1h￿ th•
Compgnlj flnanraol MJ8lll•nc•. tr• dllw¥•4oM b￿n ouoc486M and Ihg w￿p arrangtm•rt8
Ylll b8 In ple￿ by Iho •nd oftha 2023rd4 flnand81 y•w.
P14n8 foTfutsb¥ pfrrlod*
Tha CompAny (£4*lnu89 to progressth8 plaMln9 apws(*on for118 dw8lopmont altè.
8￿ctUT•, gLw•moncfj •nO mBn•g•m•nt
The compary hllmitad byguayantaé 08tsbll8herl Ur￿0T Com￿nI0￿A¢10nd a Ragl8t8rod Sod41 HoL￿n9
Provtd6r und8rlho HouBlng And R￿On￿￿on Ad20DJ.
Th9 8o*d, whowg 918Oth8dlrtetots for lh• purpDS8 olcompgny lew. 8ndYtho 8eNed durfng thgyearwwo..
r S Wmorgan IChalrm•nl
MrJSM9￿n
MrP S H￿MIn
MI P C Shgphwd
DrAPa6$mor•
M¥ E A Mlllet
Mrs Sharn
Ms Cirdino N4v•n
Mr D•vld lQrnolr
M$ D Hants
Tho 8owd arn $pp)Int8d w>xrdanoe ￿th the athe 0fa680c4a1i￿.
Nonè oflhe Bowd has any bonaftdd IntW•8t In thg company. AJI ofth• Bo8rd •r• momb8rn of thè ¢oMpany
and 9uttrgntso b] ¢onfrfbuto el In tha •v•ni of 8 up.
Promotlno tho 8U¢¢￿ oftha cornpany
The Brjwd ¢on6tderth8t tho current rtsk $tr4tegy and 4Me$wngntaTr￿g•mart$ are ¥uffiderrt Its &ddT￿th
major r18ks to vthich the compAny Is ey4)08ed. bul arn ujrrnntly ￿ing ￿￿oWed.

Thè Board Raport was approvod by the Chalrrnan ofthg Board.
MrSWM¥

ST ANNE'S HOSTEL
STATEMENT OF BOARD RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
Thé B¢grd. who ar£ also the dIre￿or$ ol St Ann8's Hostel for the purpos8 ol compary law, are re$ptsnsible for
preparing the Board Report and the financial 8lalemÈnls irt aC￿r￿an￿ wlth appli¢abl• law and United Kingéom
A¢¢ountlng Slandsrd5 Iunlted Klngdom Gonèrally Accepted Accounting Praotlcg).
Company Law requires the Board to prepafe finandal slal8monl8 for •ach finpnc1al ytrwwhlch gN8 a truè and falr
vièw of tha statè L)1 dff8irs ol th8 chArily and of th¢ IncK>ming resources and appllcallon rf ￿SOulCe8, Includlng the
income and expendilure, of lh8 charilable company for that year.
In pieparing these financlal slalgmènls. the B¢afd are Fequlred lo..
6elBCt $ull8ble a¢¢ounllng poll¢l•s and then apply Ih$m ¢on$lsl8nlly'.
- observB Ihe methods and prin¢iplg8 in the CharKl8s SORP,.
- make ludgom8n16 and estimat￿ Ihal are rga$onabla and prudenl..
818tg whelhor applleable UK Accounllng Standards have bèen follow¥d, suble¢l lo ony matsrfal departures
disdD$ed ané oxplglned In Ihfr llngn¢l818181gm¥nl$'. and
prepare the frnandal slolernenls on the uolng concem basls unles8 It Is inapproprlale bj PTEsume Ihal the ch8rty
will continue in operatitsn.
The BoaTd are respon8ible for keeplng adÉquatÈ S￿o￿n11n9 records Ih8t disclose wlth Thasonable accuracy al any
Ilmo the flnancjal p08111on of lh8 Cha￿lY and enable them lo gn8ur8 Ihol thé flnan¢lal alAl6mant8 comply wllh the
Cornp?ni8s Act 2006. They arg al$0 r•sptrnslbl6 for 88feguarding the 83881$ of thè clority and henco for taking
reaBonable 81eps for lh8 provenllon 8nd delgcllDn of fraud and other lTregularltles.

ST ANNE'S HOSTEL
INDEPENDENT EXAMINER'S REPORT
TO THE BOARD OF ST ANNE'S HOSTEL
I report lo the Boaril on my axaminallon of Ihe financial st•lem8nls of Sl Annè's HDStd Ilhe charity} for the ye6r
ended 31 March 2023.
R•8ponslbllllte8 and bag11 ol rèport
AB the Board ol the charlly land 81s0 115 directors for the purpo$os of company 18w} are re5ponslblo for the
preparation ol the financlal slalements in ?Gcordanc£ wth the requirem•nls ol the ConnBnles Act 2008 Ilhb 2006
Act},
Ha￿ftg satisfigd mysglf th81 the Inanaal 6lalemenl8 ol the Charlly ar& noi requI￿d lo ￿ audlled under PArt le ol
the 2006 Act and are efiglble for Indop$nd8nt exgminalion, I r8PQrt in respect ol my eomlnallon of the ¢hgrily'5
financlal statements carrled out under 8ecllon 145 of Iha Charflles Act 2011 Ilhe 2011 Actl. In c8rrylng out my
•xamlnation I have followed all thè appliG8ble Dlrections givÈn by the Gharily Commisskn under sectlon 145{Sllbl
of thè 2011 A¢t.
Ind•p•nd•nt •xamlnerf8 8tatamBnt
sIn￿ the char1t￿$ gr088 Incom• 9￿￿9￿0d £250,000 your ex8mSnar mu81 bo 8 memborof a body Ilsl8d In $e¢tion
145 tsf the 2011 Act. l o)nfirm that l arn quallfiÈd to uF)dertoke th8 8xaminalion b￿U8¢ l am a momber of
A6Goclallon ol Chartèred Cortmad Accountants. whlch18 one of tho listed bodies.
I havè complotsd my axamlnatlon. I confirm Ihal no mattèrs havfj ¢orne to my attenfyjn In connecllon wllh th•
examination giving me cause lo bÈllÈve thèl In any material respect..
acGounling rewrds were not kapl In ￿SpeCt of the charlty a$ requlred by $8¢llon 38001 thè 20&8 Act., or
Ihe fln8nGial $l818m8nt8 do not awjrd wllh those record8', or
thÈ flnanelal stalernents do not cf)mply wtth the 8G¢ounUng requtrements of secllon 398 ol lh¢ 2006 Act other
than any requirement thal the accounts give a true and fair view which is not a mattsr consldered as part of an
indèpèndent examination,. or
thè finaneial statements have not been pr8p8r8d In accordance wllh the melltyl$ ond prin¢lples of th•
Statement ol Rocomtnendéd Pr&clice lor a￿untInG #nd rèporting by charities applicable lo charities
prép8rino thelr accounlg in &ccordan¢¢ wllh Ihg Flnancl81 Reportlng Sialléard •ppll¢ablo ITr Ihg VK gnd
R8publi¢ of Ireland IFRS 1021.
I have no ¢oncwns and have como acro85 no oth¥r mgtters In conneetion with the eX8￿nation tv which att¢nlon
¥h
d be drawn In Ihl$ réport Sn order to enablg a proper under$18ndlng of the financlal *1gmenls lo be Teached.
lor RIGhafd Alon Horton
,thartorod Certiri•d A¢¢ountanl*
Lumaneri Hou¥9
Btythe Galo
Btyfho V811gy Pork
Solihull
We$1 Mldlonds
B90 8AH
Dated.. !":

ST ANNE'S HOSTEL
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
UnreBtrloled Rfr8lfkted
funds
funds
2023
2023
Total Unre81rlcted Re6trSct8d
funds
funds
2022
2022
Total
2023
2022
Noles
ncome and Èndowments fiom..
Donations and leg8cles
Charilable •clwrti¢$
Other Inc¢m¥
27,766
647,443
1,938
93.756
121,522
647,443
1,938
16,820
661,650
1,382
103,446
120.26e
651,550
1,382
Totsl In¢omÈ
677,145
93.756
770,901
869,752
103,446
773,198
dlturè on..
ChaTltabl• actlvjtles
726,724
107,658
834,382
689,186
85,025
774,191
Net outgolng regour¢o¥
bgfor* tr4naf•Yg
149.5791
113.9021
{63,4811
{19.4141
18,421
{993}
Gro$s tr8nsfèrs beiweèn
nd8
15,860
(15,6601
Net *xp•ndlture for thè y•arl
Net movèment In tund¥
(33,779)
P9.7821
183,4811
(19,414}
18,421
19931
Fund balances al 1 April 2022
204,575
181,008
365.583
223.989
142,587
386,576
Fund b#l*n¢•• •t 31 March
2023
170,8S6
131,248
302,102
204,575
181.006
385.583
The slalemenl tsf fin8nclal activllle8 In¢ludès all galn$ and lossès roGognls8d In the y&ar.
All Iricome anfl expendfture dèrlvg from conllnulng a¢lMtI•8.
The statément of financlal acllvS1ies also tA)mpllo$ wlth Ihe requiremèftts for an inwme And tsxpandSluro ?co)unt
under the Companles Act 2008.

ST ANNE'S HOSTEL
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Gross In￿m&
770,901
773.198
Tol¥l expend[tU￿ fwm Income fvnds
834,382
774.191
Not •xp•ndltur• for thè yé$r
163,4811
19931

ST ANNE'S HOSTEL
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Note$
Flxed aB8ets
Tangible a88els
Granls
1,573.996
11,163.648)
1,552,495
{1,125,9841
10
41D.348
428,531
Curr•rtt a•••ts
Dèbtors
Ish pl bank And in hand
11
47.84S
181,482
39,702
208.242
209.327
247.944
CrÈdltors: amounts folllng duo within
one ygar
13
1117,e441
168,5311
Nel ¢urrenl a$$els
91,883
159,413
Toiol ass#l8 1089 eurrnnt Ilabllltt•$
502.031
$85,944
Cr•dStorn: 4mount• falllng du• &ft•r
moro than ya•r
1199.929)
<220,361>
N•t agsets
302,102
365,583
Incomo fund•
Reslrlcted fundi
Unréglrlctèd I￿ndS
Designalgd lund6
G6n?r81 unrastricled funds
16
131.246
161,008
ie
14,044
158,812
14,044
190,531
170,658
204,575
302,102
365,583

ST ANNE'S HOSTEL
BALANCE SHEET (CONTINUED)
ASAf31 MARCH2023
The company 1$ to th8 exempfjon frDm Ihg Judit requlrernenl rxjntalnad In s8Gtton 477 ￿ the Companlg$Act
2006, fortho yoarended 31 March 2023.
Tho Board acknowlodge thelr rwonsibilwes for on8udng that fhe Eh8rtty kegP8 8c¢x)unlJno record8 whlch comply
wllh 58obon 388 of the Act and for pr8paring Iln8nokl etstgFn&rnts Ythlch gfve a fnJ• and fèlr wgw of the stai8 01
aff3lYs of th¢ company &5 at the end of th• 14nanc481 y￿¢ and of Its Incoming f950urcos and appllcalSon of resour￿,
lTrcludlng Its inLxJme ond &xpendItsj￿, for th9 finan14al yoar In accotd8nc* ￿1th Ihe r•quirement8 of 80¢tiO￿ 394 ond
305 and whlch othetw188 txjmpty Tr￿th the ￿quIrernOThts of th8 Comp8nles Act 2006 relaltn9 to fln8n¢lo18tat6monts,
80 far 88 applli*bl8 to the ¢ompsny.
Tho members hov8 not requtrod th8 ￿MpanY to (thln #n audll of Ingnctal 8latsm•nts for tho yur In qub81lon In
a¢¢ordonce wth 6e¢tion 476.
These finan¢l818t4t•m6nts bo8n pr8par8d In accordanco wTrth th8 pfDvL4lon8 8ppIIc8ble to compon1￿ Bubl&ct
to th8 small COTnpan1&8 wim8.
Tha fin*ndal stat•ments were 8ppmved by ihts Bosrd on 17 November2023
Mr S W Moili
Tru•t•g
Company rogl¥trallon mumb•r 112919404
io-

ST ANNE'S HOSTEL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Nots•
Cash Ilow8 from op•ralln9 aGtlvltl•8
CaBh ganeraled fr¢mllabsorbed byl
operations
21
22,740
18,7411
Inve8tln# aetlvltles
Purcha$• of tangible f4xed assets
Grant8 recglved
Release ol grants
187,6281
11,362.2381
1,004.812
37,684
Not ¢a$h usèd in inv•sllng a¢tivltles
149,944}
(357.428}
Flnanelng actlvlti•s
Pro¢8ed5 01 now bank loan8
Repayment of bank loan8
260,OIX)
{8.7701
119,6581
Net ca*h lusod Inllyènorated from
finarnelng actIvI￿•S
119,5581
241,230
Not doGr•i•o In ￿8h and ¢#gh oquival•nts
{46,760)
{124,93n
Cash and ¢ash aqulvalents al b8ginDlng DI year
208,242
333.179
Cosh and ￿9h equlvalènts at end of y•aT
161.482
208,242

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
A¢countlng pollcles
Ch•rlty Inlomltlon
Sl Annb's Host81 56 a prtV81e cornpany Ilmlled by gusrgnlee IntorpDratod In Engl8nd and Wale6. Th*
registered offi¢• is 112 Moseley Street, High9ale. Blrmlngharn, Wosl Midland8, 8120RY.
1.1 Ac¢ounting Gonvgntion
The assoclatlon is a registered charSly, a company limitèd by guarantee and a Regi81èr•d SoclAI Housing
Provldgr under th$ Houslng and Reg8neralion Act 2008. The flnan¢lal slal8ments have been p￿Parad In
aGcordan¢s w5th FRS 102 'Th8 Flnanc141 RÈportlng Standard applicable In th8 UK and 'Rèpublle of Ireland
I FRS 1021. Tha Statement of R?commend¢d Practice.. Accountlng by R&gl8t6r¥d Soclal Hou$lng Provlders
(Updatè 2018) and with the Attounling Requlrefflenl for ReglBlered Soelal Landloril$ General Detemilnatlon
2019.
The accounts afe prepared In sterling, wNch Is the fvndltsnal currency of the chwtty. Monatary 8mounls in
Ihej? flnènclal 8lalemenl$ 818 rounded lo th$ n$ar8st £.
The acttDunt8 have been prgpgrgd undor tho hlstorlcal ¢ost convenllon. The prindpel 8¢CDunting pollcle6
adopted are 891 out bèlow.
4.2 Qolng ¢onc•m
The Board hgve revlewed lh8 cash p¢8lllon and forecasts and belleva Ih9y hw• $uffi¢l•nt r8s•rv88 10
etsn15nue Irodlng lorlhe foreseeable lulur8.
1.3 Charltable fund8
Unre511ieted funds arts avallable for u$t al the di¥¢retlon of the Bogrd In furtlwran¢¢ of Ihelr ch8rttable
oblècllves.
Rg8liicl8d reseN8s aro those reserves whl¢h are only expendablg In ac¢ordqnL* with th• wishès Of lh8
lunder or rngulslory bpdy. Re8lrfGted r•s8rve8 include lund5 Nl8Èd In r8SPODB¢ to 9 3poclflc appeal.
Expenditure cannot b8 dirvolly Set a9olnsl re61ilcted rgsaNe8 bul Is taken Ihrough thè in¢om& and
expenditure Bccounl. A tran8f8rfiom restricted resetves is then madè as apprtspria*.
Endowmént frjnds are 8ubjed to sp￿fiC wndlll￿5 by donors that the capltol mval ba malnlained ty the
charlly.
1A Infjom•
InGome Is r#wni5ed when tha ch8Tity18 legally enlllgd lo It after any pèrformonce￿ndl1lOns have been met,
tho amoiitils ¢an be rn¢a$ured reli4bly. and 5t 13 probable that Income ￿11 ba ree*ived.
CoBh donations are recogni$ed on reeespt. Olher dvnatlons are rg¢0onlsod onc& thè ¢hgrlty has been nolM8d
of the dc￿a￿on, unle88 perfom8nce condlllon$ requlre defgrral of tho #mount.
Houslng bonpfil ov8r payment8 have been dèf8Thed to the ngxt yegr whgn Ihpse over paymènts wlll bè sertled
agaln81 other clalm8.
Turnover ropr¢senl$ rental and servi¢E charges income receivable In the year nat of T¢nl ond servlce char#È8
losge6 from vold8 and revenue grants.
12

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (GONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Ac¢guntlng pollclg8
ICtsnUnu¢dl
1.5 Expendlturo
Expenditure 18 recognl6ed one• there 18 0 18gol Dr conslruct5ve Dblig#tlon lo tr8n•fer ecDnomlc beTh8fil lo a
Ihlrd paty, 11 Is probable that a Iransfer ol economic benefits wlll be required in 5atlBmenl. and thè Amount trf
the obligation ran be méÈsuréd ieliably.
Expendillwe 1$ ¢la$slfle4 by aellvity. The cost6 of each actlvlly are made up ol lot81 of dlrect costs and
6h¥r•d ¢0818, Including 8upporl cos18 involved in undgrtaklno Ooch aotivity. Dlreot COBtB attribulabl• to • slngl8
aCtI￿tY ar0 alloc41od dlrectly to that acllvlly, Shared cost8 whlth cpnlilbulg lo th8n ong actlvity an(t
support Costs whlch are not attrlbutablè to a singla activity 8r• apportioned befv488n those actlvltl•s on a ba$15
consistènl with the UBe of resources. Central stafl co$1$ aro ¥lloc8t8d on th¢ b8sls of tlm¥ $p8nt. and
dgpreciatTon ehargès arè alkn￿led on the portlon of the asset's uso.
All axpendilures are a￿OUnted for on the aeLruals b•$is. In partlcular, the cclls of charil&bl? 8eltviti88
r•pr686nts all co814 of the d)aTrty èxcludlng those 8ppolnled lo qovornance co¥ty. Wnero c0616 cannot be
dlr8cily attributed lo partl¢ul4r headings théy hav• b•8n allochted lo acti*ilie¥ on B b•sis conslBlenl wlth use
of th• r88ourc•6.
1.6 T•nglblg fixed Agsèts
Deprecl8llon Is reGognlsed so as lo write off the co81 or valuallon of Assets less thek r8sldu81 value8 over Ihelr
useful liv9$ gn the followlng bas8s'.
Freehold property
Leasehold prtsp8rty
Freehold imprtsv6ment5
Fixtu￿3, ffttino¥ & gqulpmènt
40 yeors slralghl line
15- 30 years straight line
1&30 years $lr8ighl line
10- 25 y88rs slralght Ilne
The gain or106$ 8rl$ing on dlsposal of on BBsg1 is delermlnad 88 the drfTerencè befvleen the 8ale PToce8d$
and the ¢8rrylng value of th8 88Sèt, and16 recognI8ed In the s1o16m8ft ol ffnanclol ￿l￿118s.
Freehold Improvement relaleB ttTr Park vlfw. These eo$l$ waro incurred prlor to acquwing Park View.
1.7 Imp)Im10nt of flxed a88•1•
At 88ch reportlng end dalè, lh6 charlly rpvkn thè c8rrylng 8mounls of Its lawlble asse15 to d¢tormln•
whether there Is any Indtcalion that those assets have 5uffèr8d an impaimient hJGS. 11 any such indiGalk>n
exl81s, the recoverable amount of th$ o$¥?1 IB a611maled In order to delamiin& th extonl of the impalnnant
loss lif anyl.
1A ¢•¥h and u•h •qulval•nls
CAsh And ea6h equlvalén18 Includ8 ¢88h in halld. dèpo8118 held at call with ba￿, other 8hort.t8mi Ilquid
Investments wlth orlglnal malurilte$ of three rnonlhs or ie8s, and bank overdrafts. Bank ovordrafts are shown
wlthln boThowings irs ¢urr8nt Ilabllitiè¥.
13

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
A¢¢ountlNg policles
IContlnu*d}
1.9 Flnon¢lal In8trumgnts
The charfty hes el8ctèd to #ppfy th8 prov161ons of Section 11 '8wsl¢ Flnancial In*um•ntJ' and Soction 12
'Oth¢r Flnanual Instruments 18$uès' of FRS 11)2 to all of its financial inBlrurnenl5.
Flnenclal Instruments are recx)gni8ed in the ¢haflty's balance sheet when Iho charfty beoomo8 party lo Iha
contradual prov151ons ol the in$lrumenl.
Fln4nd81 o$89ts and IIBbllkties ore offyÈl, wllh the not amounts pre8ènt6d In the kn&ndal slalements. when
there Is 8 legAlly ènforce8blg rtyht to 8et off th9 recognlsed amounts ond Iharo 1$ arnkntgntlon lo settlg n9t
ba85s or to realise the asget and 8ettle thè118bility $irnultaneously.
Basle linanclal assets
Basie financial assets, whlch includ& d¢blor9 And cash 8nd b8nk bal8neès. gre Inlli8lly mÉÈ$urtrd at
Irans8cllon prtce Includlng Iransactlon cDgt$ gnd subsequently ￿rrIed al am¢rtrf•d cosl u$inE the effo￿1v0
intere81 method unle$s th• 8rran9ement r¥)n5tllul69 a tlnanclng Irgn89¢tlon. where th8 tran89¢tlgn Is
m•asuiÉd al Ihe present v8lug of th9 lulure re￿Ip1S dl8Gounled al a market rata rflnterest. Fh8ndal assèts
¢la8sified as r8c&bv8ble within one year are not amtsrtised.
88&le flnaneialllabllltles
Baslc Inancial liabilbtie6, indudlnq ¢redllors and bank loans are Inlllalty recogni$8d 81 Irat)8acllon pr1¢& unleB$
tho airanggmtrnt constllulos a Inanclng Iransa¢tiDn, wher& tha d8bl inslfumenl Is mt8sured al th8 preeenl
V8lu• of the fvlure payment$ dls¢ount8d at a malkel rula of Inl?ro$1. Flnanclal118Wrfes cla5slfled 98 payhble
within gne ytsar ar8 not amortised.
Dèbt in$lNments ar• subsequenlly caitiad 01 amortls8d cost, uslng IhÈ éffediv¢ Intwest rÈt¢ mfrthod.
Tradè credrtor5 a￿ obligations lo pay for goods or services that hAvè been acqu1r￿ in Ihe ordlnary eourse ol
OPor8llon$ from supplior8. Amounts paygblÈ Bre d9$8117gd as eurronl liabllllie8 If ￿Y￿ent 18 du? withln on
y8ar or less. 11 not, Ih*y arp pr8s8nt8d as noTrcurrenl liabllitlos. Trede creditors ar8 r8cognls8d Inrflolty 01
Ir8nsacllon prfco and 6tsb$èquonlty mg8$ursd al anv)rt18ed cost using gff•cllvè ￿th1O$1 melho(l.
Derécognluon of fln4n¢lal Il¥bllltlg5
Flnanclal Ilabllllles are derg¢ognlsed when the charily'8 CtsEilratiual obllgatlons e>yire or are di$¢hargad or
oncg11od.
1.10 Employ•• bgn•flts
The usl of 8ny unused hollday enllllernenl 18 r￿g￿lsed In the perk)d In whith IhB employe&'8 serviceB are
rècèived.
rermlnation beneffts arg rewgnlsed Immedlalely as on ttxpense wh8n the Charity kn demonstrably eommrtted
lo terrnlnata tho employrnènl of an tmployaè or to prO￿￿e lermlnallon ben8fi1s.
1.11 R•tlrem•nt beneflts
Payrnent8 to dennèd tontdbutlon retlr8monl benefrt 8¢hèm88 8r8 charped as an exFn$e as they fall due.
1.12 Grants for capltal expendllur•
Grallls roc8lv•d as & corstrlbuuon toward$ tha capltal costs of o $¢h8mg ar8 lho￿1 in tha flxerl o$set note8.
VVhèr• piopgrties arè Included gt h181orlcal ¢081, tho lolal orant recelvabla18 doduchl trom the COBI of hou81ng
propertles.
14.

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Donatsona and lega¢le#
Unro9tr4ctsd RèBtrtded
fund8
nd6
Total Unroslridèd R¢strlcled
fund$
funds
Totsl
2023
2023
2023
2022
2022
2022
Don9tions ond glft$
Support 8t8ff $alary-
don3llons
27.780
29,183
5e,929
18,820
2,448
19,266
84.593
04.593
101,000
101.000
27.768
93,756
121,S22
10.820
103,448
120,286
15-

111111" 811

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
othèr Incorn•
Unre81rlGtgd Unrg8lrfct8d
furtd6
fundB
2023
2022
oth#r in¢0¢
1,936
1,382
charItab￿ act5VI￿Ès
2023
2022
Staff costs
Loan inièrèÈt
Renl and r8les
In8ur8n¢8
Llchl and tr881
Gèner81 ￿paIrS and Tllalnlenance
Cydi¢81 mainienance
Equlpment rnalnlenanco
Moier and travel èxpens8s
Gon8ral admln ￿penseS
Houslng ¢08ts
Tralning and recrullment
Fundr3i8lng and publlclly
Consum8bl85
Release ol grAnl income
Depie¢latlon
Bad debt6
Oth¥r chgrllabl8 expèndllure
557,024
13,547
19,934
12,847
31,645
27,445
12,831
15,385
313
11,650
13.521
5.181
17,380
40,169
(49,7451
66,12e
24,978
13,941
513,596
3,896
57,266
12,008
26,446
17,546
2,401
13.531
147
12.071
13.B52
5,005
14,801
28.901
(29.121?
34.626
28,909
20,312
834.382
774.191
834.382
774,191
An#lysls by fund
Unrestilcled fvnds
Rèsfficled ￿ndÈ
726,724
107.858
689.188
85.025
8Y.382
774,191
Olhar chaTitable 8xpense8 Indud$$ remunetatlcfi pald for an Independ8nl eX￿sn*T of £3,eoo p022
£3.1001.
17.

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Board
No m•mber ol tho Bogrd w010 in receipt ol expens98 or romunèr8tEon durSng th• y•r.
Employ￿¥
The averogg monthly numbar of omployees durfng the yèarwas..
2023
Numb•r
2022
Numb•r
Dlrecl charllabie art1￿118$
Admlnlstratlon
20
19
Total
23
22
Employmgntco¥ts
2023
2022
W#g¢8 #nd 69larte8
SoeAal Bacurily Gosts
Other pen51on cost8
501.877
40,652
14,495
4e7,800
35,259
10,537
557,024
513.596
Th&ro ww¢ ￿ 8mployeas who8& annual remunerabon was mor• than £60,000,
T•x•tlon
The cornpany has charllable $18lus and no ILqbSTityto 18xallon art5è8 from 11$ aclivltlB¥.
18-

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Tanglbts fixgd a8setg
Frgehold
Frgohold
prop•ty Improv•m•ntB
F1xluT•Si
flttlno8 &
04ulpmont
Totsl
Cost
At 1 April 2022
Addition8
1.217.501
48,812
438,807
14,225
250.745
26.591
1.907.053
87,628
Al 31 Mts￿h 2023
1.264,313
453,032
277,336
1,994.881
D8preclatlon ond Impalrnient
Al 1 April 2022
Deprecittlion ¢haro8d in the yèar
5.360
25.355
193,003
21,340
156,197
19,430
354.580
86,125
Al 31 Morch 2023
30,715
214,343
175,827
420,e85
Carrylng amount
Al 31 March 2023
1,233,598
238,689
101.709
1,573,996
Al 31 hrtaTch 2022
1,212,141
241,290
94,549
1,552,495
Freehold Improvement relmlgs lo Park View. These expèn¥e$ were illcuN$d prfor ts ooqulrlng Park Mew. Thlo
wlll bg deprèd&t8d over the Irf? of th8 bulldlng.
10 Grant• and donltloni
Cosl
Al 1 Aprll 2022
Additions
R¢leased
11,125,964)
87,4291
49,745
Al 31 March 2023
{1.163,6481
Carrylng amount
At 31 Mart¢ 2023
11,163,e48}
Al 31 Moreh 2022
{1,125,964}
19-

ST ANNE'S HOSTEL
NQTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11 D•btors
2023
2022
Amounts folllno duo wlthln one yoar:
Trade debto
PrepaymÈnts 8nrl accrued income
3S,588
12.257
30.237
9,465
47,845
39,702
12 Loans And overdrafts
2023
2022
Bank loans
221,674
241,230
Payable wilnln one year
Payable after one year
21,745
199,929
20.869
220.3e1
On 21 October 2021, a ffixod ¢h8rg8 ovèr Ihg freghold property was registered wllh Tha Charlly Bank.
13 Crodltors: amounts falllng duo wlthln onè year
2023
2022
BBnk108n$
Other18X8tlon and Boclal 8gcuIHy
Trad• credttors
Olh¢r credltors
Awu4ls and deferred incomè
12
21,745
8,811
6.405
59,198
21.485
20,889
9,954
6,406
43,363
7,939
117.644
86,531
14 Credltorn: amounts hlling du• after mtsrè than one year
2023
2Q22
Nots8
B4nk loanB
12
198,929
220,381
-20-

ST ANNE'S HOSTEL
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2Q23
15 RoStriGtsd fund8
The Income fundg ol the ¢harity Includ8 restrfcted funds comprtslng the followln9 unoxpended bal8n¢es ol
donallon& 8nd grant$ held on Iru$l for 8p8cbfic purpo$8S'.
ovèment In fund•
Movemèntln fund¥
Intomlnq
Ro$our¢oJ
Balan¢• at
•xponded 31 MaTeh 2023
8al&n¢o tyt
1 Aprll 2D21
oxp&nd•d 1 Apdl 2022
Courtyard
projèct
Support slaff
$al81ie8
Pet Support
Wndow
R8fytorallon
Park Vlew
Move on
residents
Arts & Crafts
Bond
S¢h8mo
Warm room
0,712
3,282
<8.2001
4.794
11,9861
3,708
116.724
642
101.000
900
181,4781
12241
136,248
1,318
84.593
800
1103,7911
11631
97,050
1,95S
10
148
100
100
4,318
11481
18.192
113,8741
1,250
4,281
1,250
7.548
1,250
11.137
5,048
11.7591
8,903
13,3141
9,760
9.780
9,750
1,978
2,368
{3901
142,587
110,228
191,8071
161.008
93.756 1123.518)
131.248
18 Dos1gnJtsd funds
Thg inwne fvnds ol the tharfty Include tho foll¢)wing d88ignAted funds whkh ha¥e s81 aside out of
unreslriGtod fund8 by the Iwstaes for specific purposes..
Mov•mont
In lundg
Incomlnq
Bobn¢o at
r••ourr&s $1 March 20Z3
Tran¥fvr•
Bol&nce at
1 Aptll 2ri22
l Aprfl 2021
Cy¢51cal malntananca
16,445
114011
14,Q44
14,044
16,445
12.401}
14,044
14,044
Th9 Dasl9n8ied Funds brought lomard Telalèd to amounts $¢t asid¢ lo c￿￿r cydicol malrntenance
¢xptndilure In the futur•
21

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
17 Analygls of net a$$ats be￿**n fundg
Unrgstrlcted Re8trl¢tgd
2023
2023
Totsl Unr•8trlct•d Restrlctgd
2023
2022
2022
Totsl
2022
Fund balances 8t 31
M8r¢h 2023 are
repr88enled by..
Tanglble assèts
Inve$lm•n(8
Cuffenl 88get￿(lI&bIlltI6$)
Long torrn liablliliel
1.573,996
11.163,6481
139,5831
1199,9291
1,573.998
1,552,495
{1,163,8481 11,125,964)
91,883
11,595)
1199.9291 {220.3611
1,552,495
{1,125,9641
169,413
1220.3811
131,246
181.008
170,85e
131,248
302,102
204,575
161,008
365,583
18 Capltsl ¢ommltmonts
Tho comp8ny has no capltal commilmtnl 0$ al 31 Mar¢h 202312022..ÈOJ
19 Ev•nt8 aftor the r•portlng date
In Sapl8mb6r 2023. 81Tmlngham Clly Council has Issued 0 8e¢tl¢n 114 nolloe, • odmls6lon that ft Gannol
manage Ils fin•n¢ig1 crlsls wilhoul h$lp, Thls declslon was made as tha coundl a gap of £87 million
betweén Income and expendSlur8 for the 2024r25 financial year.
The govornmont has appulnt•d Comml8sloners to t8ke over Blmilngham City ¢0￿ClI. Comml$8lono￿ would
bè In charye of the eouncifs Inanclal governanc8 ¥nd $crU￿nY.
As per Sectlon 114, no new fyxpendllurg l¥ pemiSttod. Thero arg exceplltsns for thndlng slalulory 8èNl¢e8,
Includlng 8afegu8rdlno vulnerablè paople, end oxlsting commttm8nts ond Contracts wlll contlnuo lo b&
honoured. occordlng lo Iha Local Governrnonl Flnance A¢1 1988, Section 114131.
20 R•l•t•d party tran8a¢tlon8
Th8r8 were no dSs¢losable relglad party Iran$aclions durhg th? yaar (2022- nonè).
21 fA8h gèn•rated from oporallo
2023
2022
D8flclt lorlhe year
{63,4811
1893}
AdSuElments for..
Galn on dSsposal of langlbl¥ fixod a8sei8
Depreclallon and impairmenl of tangible flxed assets
129.1211
34.625
88,126
Mov8men16 In wgrting capltal-.
{Incr6asel in dèbtor$
Increa8elldeGfe8$e} In crodito
(8.1431
26,238
112,3881
(6841
CaBh 9gn•rnted fronVlab¥orb•d byl opèratlons
22,740
{8,7411

ST ANNE'S HOSTEL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2Q23
22 Analy8lB of changes In net Idgbtllfund8
At l Aprll 2022
¢•8h ftowsAt31 March 2023
Cash at bank #nd In hand
208,242
{48.7601
161,482
Loans falllng due within one year
Loans falllng due •fter moro than one year
120,8691
1220,3e11
18761
20,432
121,745)
1199,9291
132.9881
(27,2041
180,1921
-23-