## Big House Trust ## Trustees’ Report The trustees of the charity, who are also directors of the company, present their report and financial statement for year ended March 31[st] 2023 The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s Articles of Association, applicable law and the requirements of the Standard of Recommended Practice “Accounting and Reporting by Charities” issued in March 2005 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008) and the Charities Act 1993 ## **Objects of the charity** The charity is a charitable company limited by guarantee. Its objectives are to provide, for the benefit of the community and as a demonstration of the gospel of Jesus Christ, housing and associated services for people in need, hardship, distress or any other charitable circumstances, to promote the mental, moral, spiritual and physical development of the residents of the houses owned by the company. During the year the charity managed Court Oak House, which provided housing for people in need. The charity is managed by the Trustees, who delegate day to day running to a live-in support worker. ## **Review of activities** The house has been managed in accordance with best practice, with the assistance of Green Square Accord Housing Association, who manage the lease, thus helping to secure the future of the property. To strengthen our management and financial probity our house manager, who was appointed in 2017, continues to works two days per week alongside our live-in support worker. Sadly one of our residents was admitted to hospital with alcohol related problems and died shortly afterwards in a care home facility. His room required extensive refurbishment and we hope to welcome another resident shortly. The trustees and Manager meet via Zoom regularly to review the management of the house and the organisation of the charity. Looking to the future we are in the final stage of amalgamating with Pan Asia Community Housing, and the new organisation, Spring Board Housing Trust, has been approved by the Charities Commission. The process continues to be guided by our appointed solicitors. In recent weeks, under the guidance of Birmingham City Council, we have undergone a number of improvements to both the rooms and the common areas to ensure we meet the current regulations for fire precautions, health and safetly etc. ## **Trustees** Sadly this year saw the death of one of our experienced trustees, Priscilla White at the age of 65 after a short illnessThe trustees who have served during the year are unchanged and shown on page 1. None of the trustees has any beneficial interest in the company except Mr C.Wilcock, whose wife acts as book-keeper and received a fee of £120 in the year 2020/21. All trustees are members of the company and each guarantees to contribute £1 in the event of a winding up. ## **Review of financial position** The charity receives no funding other than rent from residents and small donations. We continue to review our income and expenditure streams, and our current reserve represents the costs of running the charity for in excess of 12 months, which the trustees consider adequate for the activities undertaken and the commitment to resident’s needs. However we are aware that rising fuel costs, both gas and electricity, are already having a serious impact on our income/expenditure balance and will continue to explore ways of resolving this issue. ## **Statement of trustees’ responsibilities** Company law requires the members of the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the charitable company’s state of affairs at the end of the year and its income and expenditure for the period. In preparing those financial statements the Board of Trustees is required to: Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent; Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Board of Trustees is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable it to ensure that the accounts comply with the Companies Act 1985. Also, it is responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Revd Dr Barry Clark Chair of Trustees. Charity remioD tW4nber.' 1089019 Big House Trust (A ￿Y limit¢d by 8uaTante¢) rorthe Year Ended 31 March 2022 David Dixie F C A Dixie A&s(Kiates 167 Black Hayne5 Road Selly Oak Bxrmingha B29 4RE Big House Trnst Contents Ref¢rence alld Administrative Ddails Tn￿te&S, Report S￿ement of TTh￿. R¢4wiI)iliLies IDdep¢nd¢nt Examinerfs Report Stawnent of Financial A¢tivities Balance Sheet Notes to the FiDati¢i81 Statrments 7t013 Big HoL%e Trust Referenee and Admioistralive Details Tn￿te¢S Rev Bury ClaTk. Chair Ms A Nicholas MBE Mr C R Wilc(K Ms S Edward% Other Offleers PrindpAI OffK¢ 150 Court O•k RWJ B17 9AB Re8bt¢red Oflk¢ Harbome B17 9AB Cornpxmy Re8Jstrn¢lon NMmb¢r 04096669 Cbarlty R¢%kn¢lDD NtAmhr 1089019 Soll¢ltsr• Anthony Collins Solicitors LLP Binninghom B3 2ES B*nkers 301 St VAKent Sts Glwow G2 5NT Independ¢nt Eumlu¢r David Dixie F C A 167 Bl¥* Hayw R(*d S¢lty Oak B29 4RE Big House Trust Trnstees, Report financial *at¢￿￿ts of the cbaTitabl¢ Com￿Y foT the year aKkd 31 Marcb 2022. Objtctives *Dd aetivfili Objects of tkne chartty Thc charity is a charitable company litnit¢d by guarBntee. Its objectives are to PTovide, for the benefit of the rnmunity and as a d¢rnokntion of th¢ gos￿1 of Jes￿% Chri5L hO￿l￿g and services for people in nee& Iwdship, distress or any other clwTtsbl¢ to the mental. mordl. spirithal and physi¢ut dcvelopment of the residents of th¢ house5 owned by the company. thritig the year th¢ charity m&taged Court Oak House. which provided housiTr8 for people in need. The ¢h8rity is m¥naged by the Tn￿lee5. who del¢8ate day to day nllming to a live-iD SUPWt WLthr and a House Manaw. R¢view of #thltks Housing A&wciat1o￿ who tnanagc th¢ lease. The future of the propety is seCt￿e as Accord are now mat]agiD8 the lease. To strentsn our tnaDa8ement and financial wobity our maDW ￿ w&$ 8pwintcd in 2017 Contin￿ ￿ work two days w week alongside our live-ln yupiy)rt WOTker. Du¢ to Covid 19 wc havc been unable to hold any ￿uP aciivities for OV¢T 12 m(x)ths and have introdu¢ed various hy8iene facilitie5 within th¢ hO￿$e to minimis¢ risk. The trusEces and Manaw mcet vta r¢guiarly to review the mana8¢ment of th¢ hO￿se and the organisation of th¢ chariiy. [￿king ￿ the futh we are in the rm￿ stageof amalgamatin8 with Pan Asia Community Housin& and thc new organasatioo Sprin8 BoArd HO￿ing Trns( ba8 been approved by th¢ Charities Conuniksiots. The priKes5 cowinucs to ￿ gutded by appointed solTCltors. Tntstrtj Th¢ tnLSte4s who have served duriftg the year are unchanged and shown on p8ge l. Nonc of the trustees has any boD¢ficial int¢rc5t in th¢ Company except Mr C.Wilcock whose wife acts as bookthttper 4Dd rcceiv¢d 4 fee of £120 in the y¢ar {2021- £120). All trusteu are ￿￿1[￿$ of the mpany a￿3 each guar￿ to contribute £1 in the event of a windtn8 UP. Revlew of flnan¢l41 ￿3￿10￿ The charity re¢¢iv¢5 no fi￿ding other reni from residents ar•J small donation5. We continue to Teview our Income and expenditure streams, and our current r¢5erve rrpre5ents th¢ costs of runuiD8 the ¢harity for in ¢x¢ess of fiv¢ rnonths, which the truste￿ coft$ider for the xtivitie5 unde]1a¢D and thc wmmitm¢nt to TesidcDt's need* However we are awaro that ri5iDg fiKI costs. both gas and electricty. arc having a serious impact OD our Atwom4lexpellditUTe b8laDce atKI will cojjtln￿ to explor¢ ways of rE501viDg this issue. blle b¢ftefli The trustees ¢otthm they h&ve complied with the of 4 of th¢ Charitists Are a]l(Kated to the applicable expelldltl5￿ h¢adin8 that a8￿ similar lo tbat ¢ate80ry. Whu¢ c4)5LS cat)not be directty attnbutrd to particular headings they have been allocated on 8 E45is CODSiSteDt with the use of nwurces. with centraj staff ¢OSi$ allocated on the basis of t[￿¢ 5p¢nL and depreciation Charges all(￿ated OD the wKiion of the assct'5 use. Oth¢r supprt costs are allocated b￿¢d on the 4xe&l of #aff Churlluble 4ethlrfes Cl)arttabl¢ ¢X￿dIt￿re comprises costs incurred by the Chw in the delivery of its activities and ￿1¢¢$ for its benefi¢i0ries. 11 inclth Ixjth costs that can be 4llocabJ direaly th such 8¢ttvKiies aDd those wsts of an indire¢t nature necessary to support thetn. Covernante tosts Th¢s¢ in¢lude the costs atthljutablc to the chm's eompliattce with col￿ti￿10Th81 and statutory requiroment4 includin8 audiL strategic man8g¢meDt and trustces's meetings aDd re]mbu￿¢d expet) T*xatlon The charity is consider¢d fo the tests set out in Pornwh I Sch¢dul¢ 6 of the Finance Act 2010 and therefore it meets the definition of 8 chBritsble ¢ornpfjny for UK c4Yw*ion tsx purp(ws. A¢eordin8ty, the charity is potentially ¢xempt from tsx8tion in r¢Sp￿ of income or ¢apifyl gains rx¢ivd within cat¢gories cov¢r¢d by Chapter 3 Part I l of the CorporalioD Tax Aci 2010 or SLYlyon 256 of the T8xaiion of Charg¢abl* Gains Act 1992. to th¢ exwnt that such income or gains are applied exCl￿1Ve￿ lo clwitsble purpr)s¢s. D¢preciatiOD aDd amortkn*tloD tkpre¢iation is provided oll tawTrJle fixed a8ycts to write off the cost (Y Valuatio￿ I¢s$ ooy estimated rthidual valu¢, over their ¢xp¢cted ec(xM)miG life as follows: Trade dÈhto Trad¢ debtors are from custLUn￿ f(* sold IA Jervic¢3 IKrforn￿ in th¢ ordinary ¢oursc of business. TT#de de￿013 are rwised initi￿ty at the ti3￿￿10n price. ltsy are wbw4u¢ndy measured at aMorri￿d cost ing the effeciive inier¢sf rneth￿ le55 FWVISI(￿ for impairm￿L A provision for the impatrmeni of trade debtors is establi51Kd when the￿ ts objective eviden¢¢ that the charity will not be able to collect all ¥mounts due according to the OTigiDJi t¢rnis of the receivable5. Cash a•d ¢•gh equlvalents Cash alld c&8h equiyalents romryise (ash OD i¥nd and oll deposi￿ and other short4enn highly liquid invcsttnents that are readily wnvertsl)k to a known wn(burtt of c&th and subject ￿ an ins18tiifi¢￿tt risk of change in Wdlue. Fund struthr¢ of the objectives of the charity. Big House Trust Iyotes to the Finantial StstemeDts for th¢ Year Ended 31 M•r¢h 2022 Fth4n¢lal1#8lrnmMts Financial &ss¢ts snd fin￿¢)&1 liabilities are reco8nised WI￿0 th• cbvity b￿0M8$ a paty to the contractual provisions of the i￿$tru￿￿t. Financial liabilities and equty Énstn]meDts classified according ro substsllce of the contracts]ai grrdngements entered into. An equity It￿Tr￿ is otly ciw thot ¢vKknK¢5 a rEsidual intryest iti the assets of the chority after ded￿tting all of its liabilities. All fij￿￿la1 assets and liabilittes •Te snilsaity at wic% (iDcluding fran5a¢tson costs). except for thos¢ filw￿l￿1 a55ets classified as at fair value throu8b profit or lo￿ wbicb inilially Me&sU￿1 at faiT v4lue (which is nort[￿1￿ the traDsartiOn Frice excI￿lD¥ iransactioo c05tsk UDkss the aTrangement ¢onstitut¢s a financing trunsactists Are a]l(Kated to the applicable expelldltl5￿ h¢adin8 that a8￿ similar lo tbat ¢ate80ry. Whu¢ c4)5LS cat)not be directty attnbutrd to particular headings they have been allocated on 8 E45is CODSiSteDt with the use of nwurces. with centraj staff ¢OSi$ allocated on the basis of t[￿¢ 5p¢nL and depreciation Charges all(￿ated OD the wKiion of the assct'5 use. Oth¢r supprt costs are allocated b￿¢d on the 4xe&l of #aff Churlluble 4ethlrfes Cl)arttabl¢ ¢X￿dIt￿re comprises costs incurred by the Chw in the delivery of its activities and ￿1¢¢$ for its benefi¢i0ries. 11 inclth Ixjth costs that can be 4llocabJ direaly th such 8¢ttvKiies aDd those wsts of an indire¢t nature necessary to support thetn. Covernante tosts Th¢s¢ in¢lude the costs atthljutablc to the chm's eompliattce with col￿ti￿10Th81 and statutory requiroment4 includin8 audiL strategic man8g¢meDt and trustces's meetings aDd re]mbu￿¢d expet) T*xatlon The charity is consider¢d fo the tests set out in Pornwh I Sch¢dul¢ 6 of the Finance Act 2010 and therefore it meets the definition of 8 chBritsble ¢ornpfjny for UK c4Yw*ion tsx purp(ws. A¢eordin8ty, the charity is potentially ¢xempt from tsx8tion in r¢Sp￿ of income or ¢apifyl gains rx¢ivd within cat¢gories cov¢r¢d by Chapter 3 Part I l of the CorporalioD Tax Aci 2010 or SLYlyon 256 of the T8xaiion of Charg¢abl* Gains Act 1992. to th¢ exwnt that such income or gains are applied exCl￿1Ve￿ lo clwitsble purpr)s¢s. D¢preciatiOD aDd amortkn*tloD tkpre¢iation is provided oll tawTrJle fixed a8ycts to write off the cost (Y Valuatio￿ I¢s$ ooy estimated rthidual valu¢, over their ¢xp¢cted ec(xM)miG life as follows: Trade dÈhto Trad¢ debtors are from custLUn￿ f(* sold IA Jervic¢3 IKrforn￿ in th¢ ordinary ¢oursc of business. TT#de de￿013 are rwised initi￿ty at the ti3￿￿10n price. ltsy are wbw4u¢ndy measured at aMorri￿d cost ing the effeciive inier¢sf rneth￿ le55 FWVISI(￿ for impairm￿L A provision for the impatrmeni of trade debtors is establi51Kd when the￿ ts objective eviden¢¢ that the charity will not be able to collect all ¥mounts due according to the OTigiDJi t¢rnis of the receivable5. Cash a•d ¢•gh equlvalents Cash alld c&8h equiyalents romryise (ash OD i¥nd and oll deposi￿ and other short4enn highly liquid invcsttnents that are readily wnvertsl)k to a known wn(burtt of c&th and subject ￿ an ins18tiifi¢￿tt risk of change in Wdlue. Fund struthr¢ of the objectives of the charity. Big House Trust Iyotes to the Finantial StstemeDts for th¢ Year Ended 31 M•r¢h 2022 Fth4n¢lal1#8lrnmMts Financial &ss¢ts snd fin￿¢)&1 liabilities are reco8nised WI￿0 th• cbvity b￿0M8$ a paty to the contractual provisions of the i￿$tru￿￿t. Financial liabilities and equty Énstn]meDts classified according ro substsllce of the contracts]ai grrdngements entered into. An equity It￿Tr￿ is otly ciw thot ¢vKknK¢5 a rEsidual intryest iti the assets of the chority after ded￿tting all of its liabilities. All fij￿￿la1 assets and liabilittes •Te snilsaity at wic% (iDcluding fran5a¢tson costs). except for thos¢ filw￿l￿1 a55ets classified as at fair value throu8b profit or lo￿ wbicb inilially Me&sU￿1 at faiT v4lue (which is nort[￿1￿ the traDsartiOn Frice excI￿lD¥ iransactioo c05tsk UDkss the aTrangement ¢onstitut¢s a financing trunsacti