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2021-03-31-accounts

Page
Report ofthe Trustees 1 to 9
Report ofthe Independent
Auditors		 10 to 12
Consolidated Statement of Financial Activities 13
Consolidated Balance Sheet 14
Parent Charity Balance Sheet 15
Consolidated Cash Flow Statement 16
Notes to the Consolidated
Cash Flow Statement
Notes to the Financial Statements 18 to 36

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,042 250 lp292 980
Charitable
activities
General
Housing
and Sycamore		 Court 1,327,443 1,327,443 1,241,127
Housing
Development		 31,250 31,250 8,200
Perry Common
Community		 Hall 22,876
Flourishing
Communities		 930,796 930,796 344,759
Association
Development		 11,777 11,777 1,345
Erdington
Enterprise
Hub		 98,122 98,122
Investment
income		 4,128 4,128 11,725
Other income 6,144 6,144
Total 1,479,906 931,046 2,410,952 1,631,012
EXPENDITURE ON
Charitable
activities
General
Housing
and Sycamore		 Court 585,010 172,197 757,207 730,363
Housing
Development		 770 770 68,857
Perry Common
Community		 Hall 36,428 36,428 42,143
Flourishing
Communities		 662,726 662,726 361,150
Association
Development		 173,940 173,940 234,912
Eco Hub 39,257 39,257 26,467
Erdington
Enterprise
Hub		 98,122 98,122
Total 933,527 834,923 1,768,450 1,463,892
NET INCOME 546,379 96p123 642,502 167,120
TRANSFERS BETWEEN FUNDS 21 226,356 (226,356)
RECONCILIATION
OF FUNDS
Total funds brought forward 6,314,185 6,135,621 12,449,806 12,282,686
TOTAL FUNDS CARRIED FORWARD 7,086,920 6,005,388 13,092308 12449 806

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E
FIXEDASSETS
Tangible assets 13 6,593,622 5,963,423 12,557,045 12,291,890
CURRENT ASSETS
Debtors 15 537,082 537,082 174,915
Cash at bank and in hand 1,847,808 41,965 1,889,773 1,780,681
2,384,890 41,965 2,426,855 1,955,596
CREDITORS
Amounts
falling due within one year		 16 (451,632) (451,632) (262,294)
NET CURRENT ASSETS 1.933,258 41,965 1,975,223 1,693,302
TOTAL ASSETS LESSCURRENT LIABILITIES 8,526,880 6,005,388 14,532,268 13,985,192
CREDITORS
Amounts
falling due after more than one year		 17 (1,439,960) (lp439p960) (1535 386)
NET ASSETS 7,086,920 6,005,388 13,092,308 12,449,806
FUNDS 21
Unrestricted
funds		 Tp086~920 6314185
Restricted funds 6,005,388 6,135,621
TOTALFUNDS 13,092,308 12,449,806

2021 2020
Unrestricted Restricted Total Tata
I
funds funds funds funds
Notes E E 6 E
FIXEDASSETS
Tangible assets 13 5,865,800 5,963,422 11,829,222 12,289,840
Investments 14 2 2 2
5,865,802 5,963,422 11,829,224 12,289,842
CURRENTASSETS
Debtors
Cash at bank and		 in hand 15 1,005,507
1,810,238		 41,965 1,005,507
210,126
.8 2.283» 3,
2,815,745 41,965 2,857,710 1,953,600
CREDITORS
Amounts
falling due within one year		 16 (443,420) (443,420) (248,229)
NET CURRENT ASSETS 2,372,325 41,965 2,414,290 1,705,371
TOTAL ASSETS LESSCURRENT LIABILITIES 8,238,127 6,005,388 14,243,514 13,995,213
CREDITORS
Amounts
falling due after more than one year		 17 (1,4392960) (1,439,960) (1,535,386)
NET ASSETS 2DD,388 »,8D3,
FUNDS 21
Unrestricted
funds		 6,798,166 6,324,206
Restricted funds 6,005,388 6,135,621
TOTAL FUNDS 2.~ 388». 38.822

2021 2020
Notes 6 E
Cash flows from operating activities
Cash generated
from operations		 809,762 531,402
Interest paid (52,000) (82,314)
Net cash provided
by operating
activities		 757,762 449,088
Cash flows from investing activities
Purchase oftangible fixed assets (570,648) (704,786)
Sale oftangible fixed assets
Interest received 4,128 11,725
Net cash used in investing activities (566,520) (693,061)
Cash flows from financing activities
Capital repayments
in year		 (82,150) (60,981)
Net cash used
in financing		 activities (82,150) (60,981)
Change
in cash and cash equivalents		 in the
reporting
period		 109,092 (304,954)
Cash and cash equivalents at the beginning of
the reporting
period		 1,780,681 2,085,635
Cash and cash equivalents at the end ofthe
reporting
period		 1,889,773 1,780,681

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
E E
Net income for the reporting period (as per the Statement ofFinancial Activities) 642,502 167,120
Adjustments
for:
Depreciation
charges		 279,760 267,347
Loss on disposal offixed assets 25,732 30,405
Interest received (4,128) (11,725)
Interest paid 52,000 82,314
Increase
in debtors		 (362,167) (38,482)
Increase
in creditors		 176,063 34,423
Net cash provided by operations 809,762 531,402
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.20 Cash flow At31.3.21
f f E
Net cash
Cash at bank and in hand 1,780,681 109,092 22189,773
1,780,681 109,092 1,889,773
Debt
Debts falling due within 1year (72,825) (13,276) (86,101)
Debts falling due after 1year (1,535,386) 95,426 (1,439,960)
(1,608,211) 82,150 (1,526,061)
Total 172,470 191,242 363,712

Depreciation
is provided
on		 the following b ases:
Housing property -see below
Perry Common
Community		 Hall -over 50years
Fixtures and fittings -20%on cost
Office equipment - 25Yo on cost

General need housing General need housing General need housing
Building and roof -75 years
Kitchen -20years
Bathroom —30years
Radiators and electrics -30years
Windows and external doors —30years
Boiler -15years
Sheltered housing
Building and roof -75years
Kitchen and bathroom —20years
Radiators —30years
Windows, emergency lighting and fire alarms —30years
CCIV and warden call system —15years
Lifts and external doors -15years
Laundry
and door		 entry -20years
Boiler —15years

DONATIONS
AND LEGACIES
2021 2020
E E
Donations 1,292 980
INVESTMENT INCOME
2021 2020
f E
Deposit account interest 4,128 11,725

2021 2020
Activity E
Rental income General Housing and Sycamore Court 1,277,787 1,192,434
Room hire and solar panel
income General Housing and Sycamore Court 40,638 46,193
Sundry income General Housing and Sycamore Court 9,018 2,500
Grants Housing Development 31,250 8,200
Grants Flourishing Communities 741,499 257,081
Contract income Flourishing Communities 169,452 89,409
Room hire and solar panel
income Flourishing Communities 1,145 1,713
Sundry income Flourishing Communities 18,700 19,432
Sundry income Association Development 11,777 1,345
Grants Erdington Enterprise Hub 98,122
2,399,388 1,618,307
Grants received, included in the above, are as follows:
2021 2020
E
Department
of Health
and Social Care		 18,847 45,300
Birmingham
City Council		 —Near Neighbourhood Network Scheme Erdington
Constituency 108,000 122,300
West Midlands
Combined		 Authority 83,181
Groundwork
UK		 8,200
The Active Wellbeing
Society		 Project 45,917 9,183
Future Parks Accelerator Programme 27,280 12,720
Homes England 30,500 10,000
Birmingham
Adult Education		 Service 39,950
Greater Birmingham
and		 Solihull Local Enterprise Partnership 98,122
National
Lottery Community		 Fund —Covid-19 Emergency 84,700
Birmingham
City Council		 - Near Neighbourhood Network Scheme Small Grants 63,178
Birmingham
City Council		 - Emergency
Assistance		 67,895
Reach Fund 750 14,190
Power to Change 97,500
IES - Employment
and Skills
ESF Priority 1.1- Ignite Aspirations		 500
223,101
North Birmingham
Economic		 Recovery Taskforce 4,581
870,871 345,024

Grant
DED 31MARCH 2021 funding of
activities Support
Direct (see note costs (see
Costs 8) note 9) Totals
E E E E
General Housing and Sycamore Court 733,710 23,497 757,207
Housing Development 770 770
Perry Common Community Hall 36,354 74 36,428
Flourishing Communities 508,601 138,932 15,193 662,726
Association Development 120,732 53,208 173,940
Eco Hub 2,147 37,110 39,257
Erdington Enterprise Hub 12,066 86,056 98,122
1,413,610 138,932 215,908 1,768,450
Grant
DED 31MARCH 2020 funding of
activities Support
Direct (see note costs(see
Costs
E		 8)f note 9)
E		 Totals
E
General Housing and Sycamore Court 713,403 16,960 730,363
Housing Development 68,857 68,857
Perry Common Community Hall 41,889 254 42,143
Flourishing Communities 333,629 15,189 12332 361,150
Association Development 166,784 68,128 234,912
Eco Hub 26,467 26,467
Erdington Enterprise Hub
1,351,029 15,189 97,674 1,463,892

8. GRANTS PAYABLE GRANTS PAYABLE
2021f 2020
f
Flourishing Communities 138,932 15,189
138,932 15,189
The total grants
paid		 to institutions during the year was as follows:
2021
6		 2020f
Associated grants to institutions 138,932 15,189
138,932 15,189
9, SUPPORT COSTS
YEAR ENDED 31MARCH 2021 Governance
Management cost's Totals
f f f
General
Housing
and		 Sycamore Court 22,497 1,000 23,497
Housing
Development		 770 770
Perry Common
Community		 Hall 74 74
Flourishing Communities 15,193 15,193
Association Development 39,479 13,729 53,208
Eco Hub 23,364 13,746 37,110
frdington Enterprise Hub 86,056 86,056
187,433 28,475 215,908
YEAR ENDED 31MARCH 2020 Governance
Management
f		 costs
f		 Totals
f
General
Housing
and		 Sycamore Court 16,960 16,960
Housing
Development
Perry Common
Community		 Hall 254 254
Flourishing Communities 12,332 12332
Association Development 48,472 19,656 68,128
fco Hub
Erdington Enterprise Hub
78,018 19,656 97,674

2021 2020
E E
Auditors' remuneration 14,040 15,350
Accountants' remuneration for other services 16,075 4,306
Depreciation —owned assets 279,760 267,347
Deficit on disposal offixed assets 25,732 30,405

STAFF COSTS
2021 2020
E E
Wages and salaries 552,111 491,886
Social security costs 47,464 42,709
Other pension costs 22,568 19,676
622,143 554,271
2021 2020
Charitable activities 15 15
Management and administration 3 3
18 18

Fixtures
Freehold Long and Office
property leasehold fittings equipment Tota Is
E f E E E
COST
At 1April 2020 866,144 15,087,955 65,625 121,519 16,141,243
Additions 360,472 208,946 1,230 570,648
Disposals (69,288) (69,288)
At 31March 2021 1226616 15p227p613 66,855 121,519 16,642,603
DEPRECIATION
At 1April 2020 7,580 3,685,670 53,432 102,672 3,849,354
Charge for year 16,721 243,639 7,618 11,782 279,760
Eliminated
on disposal		 (43,556) (43,556)
At 31March 2021 24,301 3,885,753 61,050 114f454 4~085 558
NET BOOK VALUE
At 31March 2021 1,202,315 11,341,860 5,805 7,065 12,557,045
At 31March 2020 858,564 11,402,285 12,193 18,848 12291890

Fixtures
Freehold Long and Office
property leasehold fittings equipment Totals
f E E f E
COST
At 1April 2020 866,144 15,087,955 55,376 121,519 16,130,994
Additions 222,842 208,946 1,230 433,018
Disposals (599,269) (69,288) (668,557)
At 31March 2021 489,717 15,227,613 56,606 121,519 15,895~5
DEPRECIATION
At 1April 2020 7,580 3,685,670 45,232 102,672 3,841,154
Charge for year 14,913 243,639 5,569 11,782 275,903
Eliminated
on disposal		 (7,268) (43,556) (50,824)
At 31March 2021 15,225 3,885,753 50,801 114,454 4p066,233
NET BOOK VALUE
At 31March 2021 474,492 11,341,860 5,805 7,065 12429,222
At 31March 2020 858,564 11,402,285 10,144 18,847 12,289,840

FIXEDASSET INVESTMENTS - COMPANY
-continued		 FIXEDASSET INVESTMENTS - COMPANY
-continued		 FIXEDASSET INVESTMENTS - COMPANY
-continued		 FIXEDASSET INVESTMENTS - COMPANY
-continued		 FIXEDASSET INVESTMENTS - COMPANY
-continued
WLCA Enterprises Limited
Registered office: United Kingdom
Class ofshare: holding
Ordinary 100
2021 2020
E E
Aggregate
capital		 and reserves 2 2
Profit forthe year 19,401 22,721
Witton Lodge Community Interest Company
Registered office: United Kingdom
Class ofshare: holding
Voting rights 100
2021 2020
6 E
Aggregate
capital		 and reserves 288,754 (10,021)
Profit/(loss)
for the year		 298,775 (3,894)
Company
investments		 at cost comprise of WLCA Enterprises Limited - f2 (2020:62).
DEBTORS
Group Company
2021 2020 2021 2020
E E E E
Amounts
falling		 due within 1year:
Trade debtors 205,318 107,863 193,862 96,759
Amounts
owed		 by group undertakings 46,479
Prepayments
and accrued income		 331,764 67,052 331,764 66,888
537.082 174,915 525,626 210,126
Amounts
falling		 due after more than 1year:
Amounts
owed		 by group undertakings 479,881
Aggregate
amounts		 537,082 174,915 1,005,507 210,126

Group Company
2021 2020 2021 2020
E E E E
Bankloans 56,048 47,049 56,048 47,049
Otherloans 30,053 25,778 30,053 25,776
Trade creditors 71,411 88,462 71,411 88,462
Amounts
owed to group undertakings		 7,516 7,264
Social security and other taxes 13,895 11,683 13,895 11,683
Other creditors 11,739 11,923 11,739 11,924
Accruals and deferred income 268,486 77,399 252,758 56,071
451,632 262,294 443,420 248,229
Deferred income included
above consists of:		 Group Company
2021 2020 2021 2020
E E 6 E
Deferred income as at 1April 2020 53,955 23,914 39,766 23,914
Resources deferred
during the year		 124,551 36,292 111,011 22,103
Amounts
released from previous years		 (15,006) (6,251) (817) (6,251)
Deferred income as at 31March 2021 163,500 53,955 149,960 39,766
CREDITORS: AMOUNTS FALLING OUE AFTER MORE THAN ONE YEAR
Group Company
2021 2020 2021 2020
E f E E
Bankloans 1,404,898 1,465,999 1,404,898 1,465,999
Otherloans 35,062 69,387 35,062 69,387
1,439,960 1,535,386 1~439p960 1535 386
BANK AND OTHER LOANS —CONSOLIDATED AND COMPANY
An analysis ofthe maturity of loans is given below:
2021 2020
E E
Amounts
falling due within one year on demand:
Bank and other loans 86,101 47,049
Amounts
falling between		 one and two years:
Bank and otherloans
-1-2years		 86,101 51,878
Amounts
falling due between two and five years:
Bank and other loans -2-5 years 173,155 155,636
Bank and other loans more 5year by instalments 1,180,704
1,258,485

Minimum
lease payments
fall due as follows:
Non-cancegable operating
leases
2021 2020
E E
Within one year 3,995 6,191
Between one and five years 4,047 8,042
8,042 14,233

21.
MOVEMENT
IN FUNDS
Net Transfers
CONSOLIDATED movement between At
At 1.4.20 in funds funds 31.3.21
E E E E
Unrestricted
funds
General
Fund		 609,028 546,379 445,859 1,601,266
Major and Cyclical Repairs Fund 365,800 365,800
Disability Adaptations Fund 10,000 10,000
Small Grants
Fund		 5,000 5,000
Housing
Development		 Fund 700,000 700,000
Fixed Asset Fund 4,624,357 (219,503) 4,404,854
6,314,185 546,379 226,356 7,086,920
Restricted funds
Capital
Fund		 6,128,708 (165,286) 5,963,422
Flourishing
Communities
Fund		 261,408 (226,356) 35,052
Power to Change Grant Fund 6,913 6,913
6,135,621 96,123 (226,356) 6,005,388
TOTAL FUNDS 642,502 13,092,308

Incoming Resources Movement
resources expended in funds
E E f
Unrestricted
funds
General
Fund		 1+792906 (933,526) 546,379
Restricted funds
Capital Fund (165,2$6) (165,286)
Flourishing
Communities		 Fund 707,945 (446,537) 261,408
Power to Change Grant Fund
ESF Priority 1.1—Ignite Aspirations 223,101 (223,101)
931,046 (834,924) 96,123
TOTAL FUNDS 2,410,952 (1,76$,450) 642,502
Comparatives
for movement		 in funds
Net Transfers
movement between AI
At 1.4.19 in funds funds 31.3.20
f E E E
Unrestricted
funds
General
Fund		 596,653 404,215 (391,840) 609,028
Major and Cyclical Repairs Fund 365,800 365,800
Disability Adaptations Fund 10,000 10,000
Small Grants
Fund		 5,000 5,000
Housing
Development		 Fund 1,022,000 (322,000) 700,000
Fixed Asset Fund 3,926,019 698,338 4,624,357
5,925,472 404,215 (15,502) 6,314,185
Restricted funds
Capital
Fund		 6,289,644 (160,936) 6,128,70$
Flourishing
Communities		 Fund (15,502) 15,502
Power to Change Grant Fund 67,570 (60,657) 6,913
6,357,214 (237,095) 15,502 6,135,621
TOTAL FUNDS 2.282.686 167,120 12,449,&06

Incoming Resources Movement
resources expended in funds
6 E 6
Unrestricted
funds
General
Fund		 1,278,053 (873,838) 404,215
Restricted funds
Capital
Fund		 (160,936) (160,936)
Flourishing
Communities		 Fund 344,759 (360,261) (15,502)
Power to Change Grant Fund (60,657) (60,657)
Community
Led Housing		 Fund 8,200 (8,200)
352,959 (590,054) (237,095)
TOTALFUNDS 1,631,012 (1,463,892) 167,120
Net Transfers
COMPANY movement between At
At 1.4.20 in funds funds 31.3.21
f E f E
Unrestricted
funds
General
Fund		 619,049 247,604 445,859 1,312,512
Major and Cyclical Repairs Fund 365,800 365,800
Disability Adaptations Fund 10,000 10,000
Small Grants
Fund		 5,000 5,000
Housing
Development		 Fund 700,000 700,000
Fixed Asset Fund 4,624,357 (219,503) 4,404,854
6,324,206 247,604 226,356 6,798,166
Restricted funds
Capital
Fund		 6,128,708 (165,286) 5,963,422
Flourishing
Communities		 Fund 261,408 (226,356) 35,052
Power to Change Grant Fund 6,913 6,913
6,135,621 96,123 (226,356) 6,005,388
TOTALFUNDS 12,459,827 343,727 12,803,554

Incoming Resources Movement
resources expended in funds
E f E
Unrestricted
funds
General
Fund		 1,473,174 (1,225,569) 247,604
Restricted funds
Capital
Fund		 (165,286) (165,286)
Flourishing
Communities		 Fund 707,945 (446,537) 261,408
Power to Change Grant Fund
ESF Priority 1.1 —Ignite Aspirations 223,101 (223,101)
931,046 (834,924) 96,123
TOTAL FUNDS 2,404,220 (2,060,493) 343,727
Comparatives
for movement		 in funds
Net Transfers
movement between At
AI 1.4.19 in funds funds 31.3.20
E E E E
Unrestricted
funds
General
Fund		 573,552 437,337 (391,840) 619,049
Major and Cyclical Repairs Fund 365,800 365,800
Disability
Adaptations		 Fund 10,000 10,000
Small Grants Fund 5,000 5,000
Housing
Development		 Fund 1,022,000 (322,000) 700,000
Fixed Asset Fund 3,926,019 698,338 4,624,357
5,902,371 437,337 (15,502) 6,324,206
Restricted funds
Capital
Fund		 6,289,644 (160,936) 6,128,708
Flourishing
Communities		 Fund (15,502) 15,502
Power to Change Grant Fund 67,570 (60,657) 6,913
6,357,214 (237,095) 15,502 6,135,621
TOTALFUNDS 12,259,S85 200,242 12,459,827

Incoming Resources Movement
resources expended in funds
E E E
Unrestricted
funds
General Fund 1,289,035 (851,698) 437,337
Restricted funds
Capital Fund (160,936) (160,936)
Flourishing
Communities		 Fund 344,759 (360,261) (15,502)
Power to Change Grant Fund (60,657) (60,657)
Community
Led Housing		 Fund 8,200 (8,200)
352,959 (590,054) (237,095)
TOTAL FUNDS 1,641,994 (1,441,752) 200,242

At 31March 2021 6
Tangible
Fixed Assets		 —net book value 11,829,222
Associated debt outstanding (1,460,946)
Capital Fund (5,963,422)
Fixed Asset Fund 4,404,854