The, Yardley Great Trust Group
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
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The Yardley Great Trust Group
IA company limited by guarantee)
Contents
Page
Reference and admlnlstrative details of the Group, Its Trustees and advlsers
Tru8taes' report
3-19
Indgpendent auditorfs report on the flnan¢lal statemonts
20-22
statement of Ilnanclal activities
23-24
Balance sheet
25-26
Statem¢nt of cash flow5
27
Note5 to the financlal statements
28-64

The Yardley Great Trust Group
(A company Ilmlted by guarantee
RofergnGg and admlnlstratlve details of the Group, its Trnstees and advlsers
For thg year ended 31 December 2020
Trustees
Mr R Jones, Chairperson
Mrs J O K Holl, Deputy Chal￿ersOn
MrSAIi
Reverend N Boumenjel
Reverend A T Bullock
Councillor N A Eustace
Reverend L G8slon
Mr I Iqbal
Mrs H Jones
Reverend J G Richards
Reverend W Sands
Honorary Mderman S C Stacey
Mr A T Veitch
Company reglstered
numbgr
04425107
Charity registered
number
1091937
Regl8tered office
Old Brookside
Yardley Fields Road
Stechford
Birmingham
B33 8QL
Company secretary
Mr A C Martin
Senlor Staff
Mr A C Martin, Chlef Exectjlive
Mr D Pujara. Finance Manager
Mrs L Bailey. Housing Managef
Ms C Bracey, Care Manager, Grey Gables Care Home
Ms D Hambleton, Care Manager, Greswold House Care Home
Mrs M Mcmullan, Care Manager, Yardley Grange Nursing Home
Mrs K L Grice, Clerk to the Trustees
Independent audltors
Dains LLP
15 Colmore Row
Birmingham
B3 2BH
Bankers
Lloyds Bank plc
125 Colmore Row
Birmingham
B3 3SF
Surveyors
T Ri¢hardson
51 Derwent Road
Stirchley
Birmingham
B30 2UY
Page 1

The Yardley Great Trust Group
IA company Ilmited by guarantee)
Reference and administratlve details of the Group, tts Trustegs and advlsors {contlnu8dl
For the year ended 310ecember 2020
Sollcltors
Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES
Brabners
Horton House
Exchange Flags
Liverpool
L2 3YL
Investment advisers
Smith & Williamson
9 Colmore Row
Birmingham
B3 2BJ
Page 2

Th9 Yardley Great Trust Group
{A company limlted by guaranteg)
Trustees. report
For the year ended 31 D8¢ember 2020
The Trustees present their annual report together with the audited financial statements of the Group for the year
1 January 2020 10 31 December 2020. The Annual report serves the purposes of both a Trustees, report and
directors, report under company law. The Trustees confim) that the Annual report and financial statements of
the charitable company comply with the current statutory requiyemenls, the reqU1￿MentS of the charitable
company's governing document and the provisions of the Statement of Recommended Practice ISORPI
applicab)e lo charities preparing their financial statements In accordance with the Financial Repofting Standard
applicable in the UK and Republic of Ireland published in October 2019.
structure, governance and management
a. Constitution
The ¢haritable company is admlnistered in accordance with the Memorandum and Articles of Association dated
8 May 2020.
On 1 March 2019, the charitable company was by order of the Charity Commission appointed as corporate
trustee of the following charities=_
Y8rdle
Great Trust
Y8rdley Great Trust is administered in accordance with the Charity Commission Scheme dated 18 February
1987 I'lhe Scheme'l as amended by furtheT Schemes dated 19 November 1990, 8 December 1993, 1 July
1997, 17 October 2000 and 10 February 2011. Under the 1997 Scheme, the Trustees have the power lo amend
certain clauses in the 1987 Scheme and Trustees have used that power on various occasions. Its main objects
are to pay grants lo relieve poverty, to provide and maintain almshouses (housing for people in need}, and to
provide social care for people in need. The Trust manages 195 independent dwellings for older people and a
care home wlth 20 bedrooms, all for older people.
The Cha
of Job Marslon
The charity was established by Will dated 24 May 1701. The devolution of fund5 is now govemed by a Deed of
18 February 1987, The income from the charity after allowing for repairs and other outgolngs is to be applied as
follows..
lal One quarter of the net annual income to be paid to the Vicar of the Ecclesiastical Parish of St Edburgha,
Yardley, for his {or her) own use and benefit.
Ibl Three quarters of the net annual income to be paid to Yardley Great Trust
The Colehaven Trust and the Ellen Stanle
Coleman Colehaven Trust
The Yaidley Great Trust Group look on the management of the Colehaven Trust from Elizabeth Finn Homes In
March 2019, following a temporary arrangement when four trustees managed the charity btheen October 2018
and March 2019.
The Colehaven Trust is managed in accordance wth a deed dated 30 December 1930 as amended by a deed
of amendment dated 11 July 2019. Ils objects are lo provide and manage housing for people in need 2nd there
are currently eleven dwellings and a Tesidents, lounge.
Gables and the Ellen Stanle
Coleman Gre
Gables Trust.
The Grey Gables Trust is managed in accordance with 8 deed dated 10 July 1944 as amended by a Charity
Commission scheme dated 25 January 2019. Its main object is to provide equip and maintain one or more
Home or Homes on a communal basis or otherwise for elderly people who by reason of insufficient means or
age, infirmity or otherwise are unable entiFeW to support themselves. The charity runs a foty bedroomed Ga
home in Acocks Green, Birmingham.
On 9 May 2019, the above-menlioned charities were linked by the Charty Commlssion lo the Yardley Great
Trust Group.
Page 3

The Yardley Great Trust Group
{A company Ilmitod by guarantee
Trustees, report Icontlnuedl
Forthe yoarended 31 December 2020
structu￿, governance and management {contlnued)
b. Appointmont of Tru8teeslDlrectors
The Board of Trustees of the Yardley Great Trust Group consist9 of a minimum of three and a maximum of
enty people. At the time of this report, there were thirteen appointed trustees. There are three categories of
Trustee.. ex-officio lappoinled due lo the office they hold), nominative (nominated by Birmingham Council) and
co-opted. Co-opted trustees serve L*ntil the fifth annual general meeting following their co-option.
Co-opted Trustees:
Appointedl
reappolnted on
17-May-18
12-May-16
05-Dec-19
12-Sep-19
12-Sep19
17-May-18
06-Dec-18
Number of Board meetings
attended 2020 Imax 10)
Mr R Jones {Chairp8rson)
Mrs J (Deputy Chairperson)
MrSAli
Mrs H Jones
Mr I Iqba
Reverend J Richards
Mr A Veitsh
10
10
Nonwnated Tru8tge8 appointed by the Ctty of Birnmngham
Councillor N Eustace
Honorary Alderman S Stacey
14-Mar-19
14-Mar-19
Ex-officio Trustees
Reverend N Bourroniel Vicar, Ghur¢h of Ascension. PL211 Green
Rewend A Bulk)ck
Vicar. St Mary's, Acocks &e8n
Re￿rend L Gaston
Vicar, Christ church, Yardley Wo
Rel￿rend W Sands
Vicar, St Edburgha's, Yardlay
14-Mar-19
11-May-17
14-M8r-19
11-May-17
Avgrage attendance at rrngting8 2020 {2019)
61 /0 {63°Al
Page 4

The Yardley Great Trust Group
IA company Ilmlted by guarantee)
Trustees. report (contlnued)
For the year gDded 31 December 2020
structurei governance and mana9oment IcontillUgd}
Membership of commiitees and attendance
Finance and General Purpose3 Comnittee
No of meetings
attended (max 4)
Mr A Veitch Ichairpefson)
Mr R Jones
kbnorary Aklerman S Stacey
Care and Housing Corrwnlttee
No of nwgtings
attended (max 3)
Reverend J Richards (Chairperx)nl
MrsJHo
Mr RJones
¢. Recrultmont and selectlon of Trustees, Induction and tralnlng
Any vacancy amongst ¢O-OPted Trustees is advertised In Ioc81 Council Neighbourhood Offices and Citizens
Advice Bureau offices and online at Doit.org as well as being circLslated lo local community groups. An
appointment panel considers all applicatsons with reference to a person specification and makes
recommendations lo the Board of Trustees, who make the decision on whom to appoint. Trustees have Carried
out a skills audit, which 15 used to indicate skills gaps that may be filled by Iruslee5 undertaking specific training
and taken into consideration when making new appointments. Any vacarscy amongst nominated Trustees is
filled by Birmingham Council. Any vacancy amongst ex-officio Trustees is filled when a new Vicar is appointed.
Al present, one of the ex-ofticio positions is vacant due to there being no Vicar at st John's Chur¢h in Sparkhill.
New Trustees receive one fvll dals induction that Includes meeting senlor and other staff. Each new Trustee IS
given a copy of the governing document, the Group's current corporate plan, the Group's Code of Conduct for
Trustees. role deseriplion, latest annual report, the Charity Governance Code and various Charity Commission
irterature aimed at Trustees. Ongoing training is offered to all Trustees,
Page 5

The Yardley Great Trust Group
IA company limlted by guarantee)
Trustees. report Icontlnuedl
For the year ended 31 Docembor 2020
Structure, governance and managemgnt Icontlnuedl
d. Organlsatlonal $tructure and decision maklng
The Board of Trtjstees meets monlhty, except in August. Al each meeting, Trustees will consider larger grant
applications, reGeive reports from the Committees, the Chief Executive and the Managers, and approve policies.
There are iwo committees that meet r￿ularlY - the Finance and General Purposes Committee and the Ca
and Housing Committee. These Committees meet quartedy to monitor perfomiance and review policies,
making recommendations for change as appropriate lo the Board of Trustees. Another Committee. the Appeals
Committee, meets as and when necessary to hear appeals from staff against dis¢iplinary acts'on and appeals
from residents or clients of the Group against decisions made by Trust managers.
In response lo the coronavirus pandemic in 2020, trustees amended the organisation's articles of association lo
provide for online meetings and meetings have been online since April 2020 to eliminate the risk of inadvertent
coronavirus transmission. It Is expected that Trustees will continue lo rneel by video link well into 2021.
Before the start of each financial year, the Trustees consider and approve an annual plan and a budget for the
forthcoming year. The annual plan reviews the Group's ctjrrent alm5. objectives and performance and pioposes
short and longer term objectives, together with long temi finan¢ial projections. Following budget approval by
Trustees, the Group's managers are responsible for Managing the approved budget for their area of
responsibility in accordance with comprehensive financi81 regulations, which are reviewed annually. The
Finan￿ Manager presents a detailed budget monitoring statement lo the Finan￿ and General Purposes
Committee every quarter and the Board of Trustees recelves a Summary budget report every quarter,
Policies are maintained covering all aspects of the Group's operations. whe￿ necessary and appropriate,
policies have incorporated delegation of decision making lo staff, together with reporting procedures so that
Trustees can ensure that decisions made are in line wlh po51tties. Most policies are subject lo annual review and
incorporate where appropriate legal requirements such as Government Regul8tion5, and best practice, such as
Standards for Almshouse Management, published by the Almshouse Association,
The Chief Executive has prime responsibility for ensuring that policies and strategies of the Trustees are
Implemented properly bul in practice much of the operational responsibility is delegated lo the Managers.
Page 6

The Yardloy Great Trust Group
IA company limited by guarantee)
Trustees, report (continued)
For the year ended 31 December 2020
Structuroi governanco and management Icontinuedl
Financial risk management and Internal financial control
The Trustees refer to a risk appraisal matrix to help lo Identify and manage major risks faced by the TfUS1, The
matrix is reviewed regularly by the seniof mana9emenl team 8nd annualty by the Finance and General
Purposes Committee.
The Trustees have overall responsibility for estsblishing and maintalnlng the whole system of intemal control
and for reviewing its effectiveness.
The Trustees ￿cognISe that no system of internal control can provide absolute assurance or eliminate all risk.
The system of inlemal control Is designed to manage rssk and lo provide reasonable assurance that key
business objectives and expected outcomes will be achieved. 11 also exi51s to give reasonable assurance about
the preparation and reliability of financial and operational infomiation and the safeguarding of the Group's
assets and interests.
In meeting its responsibilities, the Group has adopted a risk-based approach to intern81 controls which are
embedded within the normal management and governance process. This approach includes the regular
evaluation of the nature and extent of risks to which the Group is exposed. Internal. financial control, by its
nature, piovides only reasonable and not absolute 2ssurance against material misstatement or loss.
The Trustees have reviewed the effectiveness of the internal control system which is designed to provide
reasonable but not absolute assurance, for the period from l January 2020 to 31 December 2020.
The following mechanisms have been in force which are designed to provide effective internal control:
clearly defined management and reporting structures.,
financial regulations for staff.,
management information and accounting systems with quarterly reporting of financial results.,
annual plans. forecasts and development plans., and
monitoring of the control system by Internal Auditors reporting to the Finance and General Purpose5
Committee.
l. Governancg
The trustees endorse the Charity Governance Code, which was reviewed In 2020.
ObJectlv95, activitles and achievgmonts
a. Pollcles and objeGtiv8s
The main objects cf the charitable company are the relief and care of the elderly andlor disabled persons
including but not exclusively by the provision of care services including day care and outreach services and the
maintenance and management of nursing homes in the West Midlands area, the provision of and management
of almshouses, the relief of hardship or distress and the management of allotment land.
In selling obje¢lives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to publlc benefit, including the guidance 'Publbc benefit iunning a
charity IPB2>'.
Page 7

The Yardley Great Trust Group
IA company Ilmlted by guarantee)
Trustees, report Icontlnu¢d)
For the year gnded 31 December 2020
Ob]ectlves, a¢tlvlties and achlevements Icontlnuedl
b. Impact
Both through the direct provisSon of nursing care servlce5 at Yardley Grange Nursing Home, and the provision of
serVI￿S through the different chariltes within the Group, the Yardley Great Trust Group has a significant impact
on the lives of many people in south east Birmingham and Coleshill.
Most, if not all, people who move into dwellings Gome from unsalisfaclory situations, whether it bg unsuitable
housing or poor health exacerbated by their current living circumstances. On occasions, we have housed
people who are effectively homeless or threatened with homelessness and we remain ￿lling and able lo do so..
the trustees, allocations policy gives priority to people in these srtuations.
Residents of the sheltered housing benefit from safe, we51 maintained and wami accommodation. In recent
years, trustees have invested substantial amoijnts in improving ellergy efficiency by replacing ageing healing
boilers ancl window5 as well as improving thermal insulation of walls and roof spaces. When considered
together with the easy weekty payment of gas charges through the Group, there is very little if any chance of any
Group resident falling into the fvel poverty trap. Where appfopriale and possible, adaptations are carried out to
ensure residents can continue lo Sive independenlty for as I0￿g as possible. In particular, baths have been
replaced with ac￿ssible showers, and other smaller scale works, such as fi'tting appropriately positioned grab
rails, have been carried out in dwellings, rnaking life easier for many residents.
Scheme managers ensure that residents receive services where appropriate to enable residents to live in the
sheltered housing for as long as possible. Resiclents are actively encouraged lo organise social activitles and
events using the communal lounges provided on all bul one of the developments. Residents on the
development with no communal lounge are encouraged and enabled b join in with activities and events on
other developments, and the local vicar, who is a trustee, also offers opportunities to gel together in the church
hall over the road. Due to these enabling factors, residents stay physically and mentally active for longer and
consequently Call on health and social services less than would otherwise be the case.
Residents in Greswold House and Grey Gables, our care homes for older people, benefit from a 24 hour care
and support servKe that helps lo reduce use of healthcare services and stays in hospital. As with the sheltered
housing, residellls in the homes are supported to organise their own activities and events, benefiting physical
and mental health.
The Group operates Yardley Grange Nursing Home, which provides high quality nursing care for people with
substantial needs, including people needing end of life care. The quality of care al the home means that many
people who would othe￿iSe be in hospital are instead accommodated in an allractive environment in single
rooms where friends and relallves can visit and enjoy p￿vate time with their loveLI ones.
Our grant making through Yardley Great Trust helps individuals in poverty or other need, including Group
residents, by paying for essential items when the individuals do not have the financial resources required. In
many Gases, a relatively small grant can make a dramatic difference lo people, removing at least some of the
stres5 associated with low income. Grants are also paid to local oryanisalions that have similar aims to Yardley
Great Trust, helping lo maximise the impact for people in need in the area.
The Group also benefits the local and national economy by employing around 180 people.
Page 8

The Yardley Great Trust Group
IA company limlted by guarantee)
Trustees. report (continued)
Forthe year ended 31 December 2020
Oblectlves, activltles and achiovgmgnts IGontlnued}
¢. A¢tivitl68 undertaken to achigvg objectivgs
Services
rovided b the Yardle
Great Trust GTOU
Yardle
Gran
e Nursin
Home
Yardley Grange Nursing Home provides forty six bedrooms with associated facilities for extremely frail older
people, the large majority of whom will spend their final days in the home, Ènd the staff ty their best to ensure
that residents and their families are supported compassionately as the end approaches, but also that residents
not yet 8pproaching the ends of their lives are engaged and stimulated to enjoy what life has to offer in spite of
physical or mental limitations. The home Consequently continues to enjoy a high reputation and the sin￿re
thanks of the trustees go lo all the dedicated staff, who are ably led by Care Manager Maxine Mcmullan.
As wlh any organisatton, staff leave from time to time, and il is vital Ihal all new staff, not lust those providing
care. are chosen carefully lo ensure that they are attuned lo the needs of older people and able to Communicate
empalhetscally wilh relatives in what can from time lo lime be stressful circumstances. In addition lo these
psychological demands of the job, most if not all jobs al the home are physically very demanding. In short, staff
need to be stron9. both men121ty and physically. They musl also lead blameless, or relatively blameless, private
lives, as all new staff are subject lo a criminal records check, renewed every three years that the person
remains employed at the home. Usu211y the check reveals a blank Griminal record, bul if a prospective member
of staff were to have a criminal record, the manager wll make a judgement in accordance with guidan￿ from
the Disclosure and Barring Service as to whether that parb'cular individual is suitable to wolk with a vulnerable
client group, taking into consideration the nijmber of offences, their severity and ohronology. In short, we need
special people, and the evidence would sugge$t that is what we get. Given thal.11 was a little disappointing lo be
assessed again only as Good. rather than Outstanding" by the Care Quality Commission {CQC). the
government appointed regulator of social care, following their inspeclton visit in April 2019. However. heart must
be taken from the facl that all aspects of the home's operation were found to be good as it IS P95sible to be
judged as good overall even if a few faults are found. That was the most recent visit by CQC, unsurprisingty
given what has happened in 2020.
Having appointed the right people lo do the job. it is necessary to ensure that staff achieve and maintain high
standards. Induction trdining is provided imMeLl￿atelY for new staff, with regular refresher training each yeai. All
staff are subject lo regular supervision sessions to ensure standards are maintained.
In addltion to providing for care needs. actlvities are provided regularly to ensure continued mental health, and
trustees give their thanks lo the Friends of Yardley Grange Nursing Home, a gFOUP of staff and local residents,
who raise funds that are used lo pay for visiting entertainets and other extra comforts for residenls, but whose
efforts were sadty restricted during 2020 due lo the coronavirus pandemic.
The year started whh a concem nationally about a virus in Wuhan, China, and relatives of the nursing home
residents were requested not to visit the home if they had visited that part of the world or if they had any of the
symptoms that have become so familiar as lime has gone on. Concern escalated quickw in the early part of the
year and the decision was taken to stop visits completely weeks before the UK government introduced the
fitst natsonal lockdown in MarGh. CQC was informed according￿ and did express some concern initially but
subsequent events vindicated the decision completely. Relatives of the residents were largely supportive of the
decision, understanding that the decision was taken in the interests of safety. Arrangements were quickly put
into place to ensure that residents Could slay in touch with their loved ones through electronic means, mainly
telephone and video calling. and exceptions made when residents were approaching end of life.
Page g

The Yardley Great Trust Group
{A company Ilmited by guarantee)
Trusteès, roport (contlnued)
For the year ended 31 Decembor 2020
Objectives, activities and achlevements (continued)
Additional expenditure soon began to be incurred on extra personal protective equipment IPPEI required to
minimise the risk of passing on infections and the assistance of Birmingham Council wth these extra costs
initially is gratefully acknowledged, as well as assistance with the costs of paying staff full pay during isolation
when they had symptoms of, or they or a member of their household had tested positive for, the virus. The
government subsequently provided funds Ihiough the council lo meet these extra costs and took on the supply
of PPE to care homes in September 2020. bul supply was not plentiful and in some cases was unsuitable.
Qulle a large number of staff isolated for the required ts'me In April and May 2020, believing they were
Symptomatic, bul not all al once, so staffing diffi'cultie5 Gould be managed satisfactorily. Tests were made
available in July 2020 and staff were tested weekly, later increased lo ￿lee weekly, and residents monthly in
accordan￿ with government requirements. The virus was detected amongst ￿SIdents for the first b'me in
September 2020, five residents testing positive, but happily none became seriously 111 and the outbreak was
successfully contained.
Due lo quick result tests being made available for visitors, arrangements were made to resume physical visiting
In November 2020, bul the arrangements did not18St long as a new national lockdown look effect in December.
So while 2020 w8s a sad year for the residents due to visiting being limited lo guard against coronaviiu5, It was
a relatively safe one as there was only one small scale outbreak in the home and that was safely contained.
Regrettably, there was a more widespread outbreak early in 2021 that stretched the resources of the homo
severely and more details will feature in the 2021 report.
Services
rovide
Yardle
Great Trus
Grant makin
Trustees have kn grant making programmes, one for indivKluals and families and the other for projects or
organisation5. Applications from individuals and families are lo be made on standard forms (paper or online)
and supported by one of the TrL*St's referral agents, mainly Council Neighbourhood Offices and Citizens Advi
Bureau offices, although any local organisalion that may be approached by people in need and has appropriate
systems and proGedures in place can apply to become a referral agent for the Trust.
Trustees reserve the right lo exerGise discretion over all applications. However. grants will usually be paid to
individuals only in respect of items which..
are necessary., or
have the potential to improve the person's quality of life,. or
have the potential to reduee suffering or discomfort.
TNstees may. al their sole dis¢￿tIOn, pay a grant via a third party supplier, and may requlre that secorsd hand
goods are obtained where reasonable and appropriate. Records are kept of the ethnic origin of grarll applicants
to facilitate analysis With the aim of ensuring fair treatment.
In deciding whether or not to award a grant to a project, Twstees may consider..
the potential benefll to the community.,
the support enjoyed by the project from the community.,
the number and likely income of people who might benefit from the project and the propoilion of such
people who live within the Group's area of benefi't.,
other possible sources of funding
the likelihood of continued success
other factors whlch the Trustees, at their sole dlstrelion. consider to be relevant.
Page 10

The Yardloy Great Trust Group
{A company limited by guarantee)
Trustee5' report {continued}
For the year ended 31 December 2020
ObJectlveB, actlvltles and achigvgments (continued)
Trustees wlll not usually make grants lo general funding appeals from national or regional charities. Trustees
have delegated to the Clerk lo the Trustees the power lo make grants of up to £250 as long as certain criteria
are met. All other grants applications are COns￿dered by the Twstees.
Grants in 2020
A total of 125 grant applications were ieceived during the year, compared wth 136 during 2019., 114 {115 in
20191 from individualslfamilies and 11 121 in 20191 from projectslorganisations.
Just over 20% (20Yo in 2019) of grant5 awarded by Trustees. or the Clerk or Chaimian under the delegated
small grants budget. went lo individualslfamilies ané just less than 80Qkn 180% in 20191 to projects {excludin9
moiety payments>-
As in most years, people who benefited most from grants lo individuals and families in 2020 were one parent
families headed by women living in council housing. The category for which most money was awarded was
carpets and curtains, followed by fridge freezers.
As usual, the thanks of the Trustees go to the organisations who help the Group to administer grants efflclentty,
particularly Furndex who supply beds, MS Carpets who supply carpets, Argos who supply the majority of white
goods and bedding, and KiddiCa￿. who co-operate on grants for mothers and expectant mothers. Thanks also
go to the referral agents who complete our application forms and write ￿pOrtS in support of applicants,
particularly health visitors and Home Start Cole Valley, who are the most prolific referrers. Trustees are
particularly gratelul to Home Start Cole Valley, who ¢o-operated with IhB Trust to set up a fast track applicats'on
process during the pandemic.
Further information on grants paid during the year is glven in the notes to the accounts and a detsiled analysis
of grant awards is published separately.
Housin
Residents living in the sheltered housing are supported by scheme managers, bul the support is tailored in
accordance with each individual's wishes. The main aims of the scheme managers are to er¢sure that services
provided for residents by the Trust and others, for instance the council's provision of refuse collection, are done
so efficiently and to enable residents to continue living independently for a5 long as they are able, wh￿h
enGompasses helping with household finances and liaising with Social Servi¢e5 as appropriate. Schem8
Managers often go beyond the regul￿ments of their job descrlption and will ensure that Social events are
or9anised, evell when no residents can be found lo do the organising.
Da
toda
re
airs
Time taken lo carry out repairs on dwellings and a5soGiated buildings is morsilored closely as this is an
important issue for residents. Where possible, the Group has a￿ayS used small local companies and this
approach is endorsed by the Birmin9ham Business Charter for Social Responsibility, to which the Group is a
slgnatory.
Repairs are classified as emergency, urgent or routine and the target is to ensure that at least 96.5% of repairs
are done within standard limes of 4 hours for emergency work, five days for urgent work and weeks for
routine work. In 2020 99.4% of jobs were completed within the appropriate timescale, which reflects well on our
contractors as well as all staff involved in administering the repairs reporting system. The number of repair jobs
dropped by 17°h between 2019 and 2020 due to restrictions associated wlh Covld-19 precautions but all gas
appliance servicing was completed on schedule. Workpeople were required lo take appropriate precautions
before entering residents, homes, in particular wearing face masks.
Page 11

The Yardley Great Trust Group
IA company limited by guarantee)
Trustoe8' report Icontlnued)
For the year ended 31 December 2020
Objectives, activlties and achievgmgnts Icontinuedl
Relettin
vacancies
Another key perfomiance indicator for the Group is the lime tsken to relel vacancies. In the sheltered houslng.
there were 20 vacancies that were relet in 2020 {17 in 20191 in an average of 29 days113 in 2019), well above
the laryet figure of 21 days, but this figure was very much affected by precautions against Covid-19, particularty
the first lockdown between March and May 2020. The occupancy rate of 99.2% was also affected by the
lockdown. bul not a cause for concern.
The high occupancy rate, when considered together with sab'sfaction survey results 1930h of residents who
responded to a survey early in 2020 said that they were very or faiHy satisfied with services provided),
demonslrales that the Group's housing contsnues to be popular and helps lo provide good quality of life in
peaceful, attracbve surroundings.
C clical and ma
or re airs and re
lacemenls
The trustees Intend that all the Trusvs housing Comlinues to be maintained to high standards lo ensure
maximum comfort for residents. To that end, a live year rolling plan foi major repairs and replacements is
maintained, and that feeds into a long term financial forecast, which incorporates projecte(S capital expenditure,
and is tjpdated annually. The Housing Manager, Lynn Bailey, drafts for Trustee 2pproval an annual works
programme in consultation with residents and supervises delivery, taking advice and assistance as necessary
from surveyors.
The followirig works were carried out on the Group's housing during 2020.. this was less than planned due lo the
coronavirus pandemic and works not carried out during 2020 will be carried fornaré lo 2021:_
The electrical wiring inspeclion and remedial work was completed al Foliot Fields, Old Brookside, Yardley
Gardens and Cottrells Close",
Fire precaution works were carried out at Carrs Lane Gardens.,
External repaints'ng was carried out al Foliol Fields and Gieswo5d Gardens.
Annual gas servicing was carried out on schedule.
Ene
efficien
At their meeting in October 2020, Trustees considered a report evaluating the efficacy of installing solar panels
on all the buildings wthin the control of the Group and authorised a pilot installation of solar panels at Yardley
Grange Nuising Home and Yardley Gardens during 2021 before consid8ring a wider roll out in subsequent
years.
During 2021 il is intended, subject to coronavirus pandemic restriotions, that..
Solar panels will be installed at Yardley Grange Nursing Home and Yardley Gardens..
Electrical wiring inspection and remedial work will be carried out at Carrs Lane Gardens and Greswold
Gardens lo complete the programme.,
Repainting will be carried out at Carrs Lane Gardens.,
Signage will be renewed al all schemes
A small number of Kitchen units will be replaced depending on condition, and some need reconfiguring,.
Boundary fence repainting wll be car¥ied out at Old Brookside.,
Fire prevention works will be carried out al Carrs Lane Gardens and Old Brookside.,
Heating reconfiguralion works will be carried out al Carrs Lane Gardens.,
Roof tile replacement will be carried out al Carrs Lane Gardens and Old Brookslde.,
Mine accessible showers wtll be replaced according lo need
and the estimated cost of th8 work will be around £360,000.
Page 12

The Yardley Great Trust Group
IA company Ilmited by guarantee)
Trusteg5' report (continued)
Forthe year ended 31 December 2020
ObJectlve8. activltlos and achlovoment$ Icontlnued)
Value for mone
metri
Yardley Great Trust's performance against th8 Value for Money metrics prescribed in the Value ft)r Money
standard are shown below".
Value f(r Mongymetric8
P&'fiv&menl
New supply ddlvwwj
(knring
F3rningsbefore int&e8t,tax, depr￿lation,
amorti￿tIon, major repairsincluda intw&%l co
dIlne￿¢121 hou9ng cost w unit
U￿ng
Ings
Ing rgin
(￿￿all c¥￿81•ng ￿￿rgin
Pdurn on caFYtal anplop
2020
0.4%
O.CP/o
S.￿/0
2019
O.(P/o
6.1Yo
1716.4¥0
5,112
5.835
8.8D/o
-1.3%
Greswold House Care Home
Greswold House provides residential care for up to 29 older people who are unable to live independentty without
support. The home provides services thal are regulated under the Health and Social Care Act and is subject to
inspectlon by the Care Quality Commission ICQCI. CQC last visited the home in February 2019 and Judged the
home lo be good overall but requiring improvement with some pape￿Ork.
As with the other care homes managed by the group, Greswold House was closed lo visitors in advance of the
national lockdown imposed by the Government in March. Residents were assisted lo keep in touch with loved
ones through phone calls and video calls and membership of a Facebook group bul there can be no doubt that
this is a poor sub51itule for face to face contact. When the lockdown was lrfled, arrangements were made for
visits in the garden and at a window to the reception area and these We￿ well weived, bul very much weather
dependent.
When liers of restrictions were introduced in October 2020, the area of Birmingham ft)und its way into the most
restrictive tier and visits in the garden or at the window were suspended. Regrettably, all the restrictions did not
prevent the virus taking hold in the home in November 2020, causing acute staffing difficultie5, but it wa5
possible with the help of agency staff, particularly from the home's rnain provider Fairway, and support from the
Enhanced Health in Care Homes team. lo get through the diffioutties wilhoul compromising the safety of
residents. The Trustees are especially grateful to Elaine Jones, appointed in 2019 as Quality and Compliance
Officer for the Group. for stepping into the shoes of the manager while she isolated after a positive test for
Covid-19. Very sadly, Ihfee residents died during this difficult period.
eGr
Gables Trust- Gre
Gables Residenlial Care Home
The Grey Gables Trust Joined the Yardley Great Trust Group in March 2019. The main functson ot the Trust is to
operate the Grey Gables Resident*al Care Home in Acocks Green, Birmingham.
Deputy Manager Vicky Sheridan look on the reins from Manager Claire Bracey. who started maternity leave in
August 2020, and Senior Care Assistant Claire Leahey stepped into the Deputy Manager role. Truslees are
grateful to them both for tasang on the extra responsibility during such a diflicull time.
Page 13

The Yardloy Great Trust Group
IA company limlted by guarantee)
Trustees. report (contlnued)
For the year ended 31 December 2020
Objectives. actlvltles and a¢hl¢vgmgnts {continuedl
As with the kn other homes, Grey Gables look eady action lo reduce the risk of coronavirus entering the home
by closing to visitors in advarnce of the national lockdown in March 2020. Staff were reqUI￿d to wear appropriate
protective equipment in accordance with guidance form Public Health England, and this mainty consisted of
surgical face masks, disposable gloves and aprons, in addition to appropriate hancl hygiene. Staff helped
residents to keep in touGh with triends and relatives via phone and video calls. Changes to use of rooms
resulted in social distancing being easier to achieve and regular lests'ng for the virus in accordance with
government requirements helped ensure that there were no outbreaks until late December 2020, when a
serious outbreak started, or at least was made much worse, by delays in positive test results being received.
Ironically, the reason for the delay was a coronavirus outbreak al the testing ￿ntre.
Garden visits were enabled but of course these were w8alher dependent and were suspended when the city
was designated as tier 4 under coronavirus regulations. A dedicated post was created lo ensure that acb'viliès
were increased for residents to ameliorate the lack of visiting, but despite this the acting manager noted a
marked delerioralion in mental heakh due to the necessary lack of social iriteraGts'on,
Care servlces duttn
2020 and earl 2021
The extreme difficulties experienced in malntaining services at Greswold House during a Covid-19 outbreak
were also experienced al Grey Gables during January 2021 and at Yardley Grange during February 2021.
Trustees are sincerely grateful 10 5tsff at the homes for working through the difficulties, knowing that they were
at risk of serious illness and passing the infection on lo their loved ones.
Many staff tested positive for the virus and were required to self isolate in accordance with government
requirements. Thankfully, most of the affected staff did not SL*ffer serious or long lemi symptoms, bul a small
number did and the trustees hope that everyone is restored to good health eventually.
Managers at all the homes were supported during the outbreaks by the local incident management team,
consisting of representatives form Public Health, Birmingham Community Health Trust, Bimiingham Council
and Birmingham and Solihull Clinlcal Commissioning Group. Practical support was provided by the Enhanced
Health in Care Homes team, who arranged visiting by nurses to oversee care provision.
The fact that outbreaks look hold In spite of all the precauliDns taken in accordance with guidance might add
more weight to recent suggestions that surgical face masks are Inadequate to prevent virus transmission.
Services
rovided b
Colehaven Trust- Colehaven
otta
The Colehaven Trust joined the Yardley Great TrL*St Group on 1 March 2019, following a short period in which
four of the trustees managed the charity while arrangements were made for the Group to lake on the charity.
The charity was started by John Sumner, who made money importing and selling tea under the well known
brand name Typhoo. The charity macle provision for the building and equipping of homes for the free use and
benefit of 'indigent Gentlewomen" and providing them with pensions or allowances. Eleven bungalows, known
as Colehaven Cottages, and a residents, lounge were built either side of Sumner Road in Coleshill, and the
bLsngalows still prtsvide comfortable accommodation in an attractive selling for local older people today. The
objects of the charity have been updated to remove outdated and inappropriate reslriclions on letting vacancies
and ensure Ihal all local people in need can be consider8d as potential occupants of the bungalows.
As soon as the charity came under the auspices of the Group, a scheme manager was allocated lo support the
residents. Her regular visits and the local presence of the Group are much appreciated by the residents.
The 2020 occupanty rate of 90.4Yo Was rather low but of the three vacancies that occurred during the year
coincided with the first lockdown, which delayed reletting of the vacancies. Any vacancies that occur in fvture
are expected to be filled much quicker. All repalrs ordered during 2020 were Completed within target times¢ale5.
Page 14

Thg Yardley Great Trust Group
IA company limited by guarantee)
Trustees, report (continued)
Forthe year ended 31 December 2020
ObJeGtlve8, actlvltles and achl8vomonts {¢ontlnuedl
There were pSans to fund the replacement of some baths with accessible showers and the lining of kitchen walls
during 2020 bul this work was delayed due lo the coronavirus pandemic. It is intended lo carry out the work
dtjring 2021. subject to pandemic restrictions, as well as other remedial works lo stone work and roof liles,
which are eslimaled will cost around £35.000.
Workin
with others
The Almshousg Association
The Group remains an active member of the Almshouse Association through Yardley Great Trust.
Supportlng smaller 8lmshouse charities
As a laTger almshouse charity employing professional staff, the Group is able and willing to take on the
management or trusteeship of other almshouse charities where appropriate, perhaps where there are dwficuhies
in providing efficient services for residents or in recruiting trustees.
Y8nlley Educational Foundation
Following the retirement of the Clerk to the Trustees of Yardley Educational Foundats'on in April 2018, Yardley
Great Trust has provided clerking services for the charity. Both charities will remain as separate entities, each
with its own Board of Trustees, but closer links between the charities could enable more collaborative and
strategic grant making for the area.
Residents Scrutiny P8n&l
The Group ha5 joined forces with local almshouse ¢hadties Len¢h's TrusL Harbome Parish Lands Charity and
Sir Josiah Mason Trust to support a joint residents, scrubny panel, under which volunteer residents from each
charity compare and contrast seNice provision and re￿MMend improvements where possible. The charities
have joint funded an advlser to help the residents through the process and were pleased lo receive in 2019 the
panel's first report, relating to complaints procedures and policies. which was extremely usefL*l. The report was
considered by the Group's Care and Housing Committee, following which the Group's complaints policy and
procedures were rewritten to take into account the panels, recommendations. The Panel chose resident
Involvement as their next topic for scrutiny during 2020, bul were not able to meet during the year because of
the pandemic.
d, Complalnts
The Ghgrity aims to be open and Irarisparent and to welcome complaints as opportunities to leam and improve.
A Gornpletely new complaints policy (incorporating concerns and compliments} was lnt￿￿uCed in 2019 following
thorough review by the residents, Scfutiny panel Isee above for further informatlon about the scrutiny panel).
During 2020, five expressions of concern and five complaints were registered. In each case, the service
manager responsible responded to the concern 0¢ complaint and none proceeded to the appeal stage. On the
other hand, twenty sti comp5imenls were received.
Flnancial review
a. Golng concem
Under the govemance requirements, the Trustees confirm that after makino enquiries they have a reasonable
expectation that the Group has adequate resources to continue in operational existence for the foreseeable
ftjlure. Accordingly they contlnue lo adopt the going concem basis in preparing the accounts.
Page 15

Tho Yardley Great Trust Group
IA company limited by guarantee)
Trustees. report (continued)
For the year ended 31 December 2020
Financlal revlew (¢ontinuedl
b. Revlew of tho yoar
P9rsonn81
Dtje to the pandemic, the Group's annual general meeting in 2020 was delayed until September 2020, when il
was held online. Robert Jones was re-elected as Chairperson of the Group and Joy Holl was re-elected as
Deputy Chairperson at the meeting.
There were no changes to Trustees or senior staff at the Group during the year.
Fin8nci81 results andposition
Overall turnover increased in 2020 by 4.9% compared to 2019.
Total costs increased in 2020 by 1.2% compared to 2019.
There was a healthy operating SU￿luS and surplus overall of £630,176 for the y8ar (2019 - £2,005,062), which
included a surplus of £51,355 for Charity of Job Marston12019 - £103,443>, a surplus of £22,190 for Colehaven
Trusl12019 - £31,579), a surpl(Js of £3,70CI for The Y8rdley Great Trust Group 12019 £76,475), a surplus of
£516,094 for The Yardley Great Trusl12019 - £747,403), a surplus of £36,838 for The Grey Gable5 Trusl12019
deficit of £17,934), and assets ol £Nil 12019 £1,064,296) transferred into the Group from the Grey Gables
Trust.
The Grotjp's net overall worth Increased to £14.0 million. The Group remains financially strong and well
resourced.
. Rgserrfes pollcy
11 is the policy of the Trustees to maintain resetve funds..
lo ensure that dwellings owned by the Group can be maintained in go1￿ condition well Into the future and
continuè lo provide high quality accommodation that is fit for purpose.. and th81 re5idenls' lounge5 in the
sheltered housing Gan be refurbished al appropriate intervals. The charity is required by a Charity
Commission SGheme lo fund a reserve for the long term maintenance of the almshouses. The amount to
be held in the Extraordinary Repair Fund - Almshouses is calculated by reference to an annually reviewed
plan that shows when the almshouse buildings can be expected lo require major reftjrbishmenl and
maintenance. A further reserve (the Extraordinary Repair Fund - Other Buildings) has been established
by the Trustees lo fund major refurbishme￿1 and replacement of equipment In the other buildings
managed by the Trust. The amount Is similarly calculated by reference lo an annually reviewed plan of
expenditure..
lo fund new developments.,
to provide a contingency reserve to allow for expenditure that ha5 not been foreseen. The aim is for the
amount held in the contingency reserve lo represent up to four months, expenditure.
Page 16

The Yardley Great Trust Group
{A company limited by guarantee)
Trusteo¥' rnport {contlnued}
For the ygar ended 31 December 2020
Investment policy and perfomiance
The Group's Flnance and General Purposes Committee receives regular reports from the investment manager
on the performance of the Group's investment portfolio. The portfolio perfomied relatively well again during
2020, comfortably oulperformlng tt)e benchmark for total return. Trustees will continue where possible to make
a small number of posillve inveslmenls as long as the investment manager advises that the risk is aGGeptable.
During the year, the Group was informed that the investment managers had merged with another company but
this has made no discernible difference to the service or investment performance.
Overall. the value of the Group's investments increased by 5.3% duiing the year and the ratio of value to C05t
increased from 151.80kn in 2019 to 155.1Yo in 2020.
b. Stalement of Investment prlnclples
The Trustees have prepared this statement after consultation with. and receiving advice from, the investment
manager, having regard to the Trustee Act 2000 and in accordance with guidelines issued by the Charity
Commissioners. The ￿￿lmate power and responsibility for Ihe present policy rests with the Trustees.
The investrment objectives are..
the creation of a sufficient financial return to enable the Trust to carry out its purposes effectively and
without interruption.,
the maintenance and, if possible, enhancement of the investment ftjnds whilst they are invested,.
to obtsin a reasonable balance be￿e8￿ capital growih and Income so that the Trust can meet future as
well as current needs.,
to avoid investments that..
are unduty risky.,
are incompab'ble with the aims of the charity,.
might result in a reduction In support for the charity.
The Trustees, policy is to invest In an appropriate mix of assets i.e. equities, propety and monetary assets.
Trustees recognise that the returna on equities, while expected to be greater over the longer-lerm than those of
fixed interest and monetary assets, are likely to be more volatile. Investment in a mix of asset classes should
nevertheless provide the levels of ￿luM ￿qllIred and mltigate volalilily for the Trust to achieve its objectives.
Page 17

The Yardley Great Trust Group
IA company limited by guarantee)
Trustees. report {continuedl
Forthe year ended 31 DgcembBr2020
Flnanclal revlew Icontlnued)
The invesknent policy pursued durlng the year ended 31 December 2020 aimed to achieve stsadily growing
income and capital growth from within the market, During the reporting period, the Trust, ag8insl a background
of highly volatile bond and eqully markets, continued to pursue a medium risk strategy that should protect and
grow the charity's income and capital value over the medium term.
The Trustees have delegated their investment powers to an appointed investment manager. The investment
manager is responsible for carrying out all day-lo-day investment decisions including acquisition and realisalion
of investments. The investrnenl manager is required to exercise the power to give effect lo the principles as
contained in thi5 Statement and, in particular, must have regard to the need for diversificatlon and suitability of
investments selected. The Trustees have granted the investment manager dis¢retion to invest in overseas
investments. Due lo changing investment practice. the investment manager is appointed on a discretionary
basis.
Whilst the Trustees are not involved in the day-lo-day operation of the investment portfolio and cannot directly
influence atlainrnent of a performance target, they will assess performance on an annual basi5. Measurable
targets have been developed for the investment manager consislenl with the achievemenl of the objectives set
out above and an acceptable level of risk with no holding in a single equity or pooled vehicle having a value that
is more than 12°k of the total equity portfolio The Trustees do not wish lo participate in any underwriting
arrangement or hold direct investments quoted on the market.
The appointment of the investment manager is reviewed from time to lime by the Trustees, based upon the
resu115 of their monitoring of performance, investment process and the manager's compliance with the
requirements of the Trustee Act 2000 and guidance of the Charity Commissioners,
The investment manager will continL*e to meet the Trust's Flnan¢e & General Purposes Committee tsvice per
year to review performance over the preceding half year and to discuss and agree the strate9y to be adopted.
Although generally the interests of 8 Charit15 beneficiaries are best served by seeking lo obtain a sound
rinancial return from a suitably diverse portfolio of inveslmenls, the investment manager will have due regard to
those areas which could be detrtmental to the objeGlives and aims of the Trust. Having previously pursued an
ethical investment remit that precluded direct investment in a number of sectors. the Trustees decided during
2016 to extend its coverage to the use of Collective funds. After discussion with the investment manager, the
Trusl8es concluded that the Charity's best interests were served by pursuing a policy that precludes inveslmenl
in..
companies that derive more than 10'/o of turnover from POTnographyladL+It entertainment servrEs,'
tobacco production,. alcohol Production,. strategic military (including weapon systems. nuclear weapon
systems, anti-peisonnel landmlnes and cluster munilionsl., gambling or high intere8t rale lending.,
funds that Contain holding5 In the above.
The Trustees also wish to invest positively and will make a small proportion of investmenls accordlngly In areas
such as health promotion or the provision of social housing, after taking advice from Ihe investment manager.
Page 18

The Yardley Great Trust Group
(A company limitod by guarantee)
Trustees. report {¢ontlnued)
For the year ended 31 Docgmber 2020
statement of Trugtees. responslbillties
The Trustees (who are also the directors of the Group for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial slalements in accordance with appliGable law and United
Kingdom Accounting Standards IUnf(ed Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees lo prepare financial statements for each financial year. Under company law,
the TTuslees must not approve the financial stalemersls unless they are satisfied that they give a true and fair
view of the state of affairs of the Group and of its incoming resources and application of resources, including its
income and expenditure. for that period. In preparing these financial statemenls, the Tiuslees are required to..
select suitable aGcounts'ng policies and then apply them consistently.,
observe the methods and principles of the Ch2rities SORP IFRS 102).,
make judgements and accounting esb'mates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards {FRS 102) have been followed. subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufFicient to show and explain
the Group's transactions and dlsclose with reasonable accuracy al any lime the financial position of the Group
and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the asse15 of the Group and hence for taking reasonable steps for the prevention
and detectlon of fraud and other irregularrties.
Dlsclosuro of Informatlon to auditors
Each of the persons who are TrL*Stees at the time when this Trustees, report is approved has conflm)ed that..
so far as thal TrL*Stee is aware, there 1$ no re￿vant audit information of which the charity5 auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be awa￿ of
any relevant audit information and to establish that the charitys auditors are aware of that information.
Auditors
The auditors, Dains LLP, have indicated their wlllingness to continue in office. The designated Trustees will
propose a motion reappointing the aLtditors at a meeting of the Tfuslees.
Approved by order of the members of the board of Trustees on 17 June 2021 and sTrgned on their behalf by..
Mr R Jones
Chairperson
MrsJOKHolt
Deputy Chairperson
Page 19

The Yardley Great Trust Group
IA company limited by guarantègl
Independent audltors, report to the Members of The Yardley Great Trust Group
Opinion
We have audited the financial statements of The Yardley Great Trust Group (the 'group'l for the year ended 31
December 2020 which comprise the Statement of financial aclivilies, the Balance sheet, the Statement of cash
ows and the related notes, including a summary of significant accounts'ng policies, The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporttng Standard 102 'The Financial Reporting Stan(lard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Ac￿pIed Accounting Pracb'Gel.
In our opinion the financial statements..
give a true and falr view of the stste of the charitable companls affairs as at 31 December 2020 and of
its incoming resources and applicatson of resourc8s, including Its Income and expenditure for the year
then ended.,
have been properW p￿pared in accordance with United ￿ngdorn Generalw Accepted AGwunting
Pr2cllce', and
have been prepared in a¢¢ordance with the requirements of the Companies Act 2006.
Basls for opinlon
We conducted our audit in aGGordance with Internatronal Stanclards on Auditing IUKI IISAS (UK>I and applicable
law. Our responsibilib'es under those standards are further described in the Auotilors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in a¢cordance
wlth the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
Ineluding the Financial Reporting Council's Ethical Standard, and we have fulfi'lled our other ethical
responsibilits'es in accordance with these requiiemenls. We believe that the audit evidence we have obtained is
suffScient and appropriate lo provide a basis for our opinion.
Conclusion8 relatlng to going concern
In auditing the financial stalemenls, we have concluded that the Trustees, use of the going concern basis Df
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncerlainlies relating lo evonts or
condikn'ons that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as 8 going concern for a period of al least twelve months from when the financial statements are
aL+lhorised for issue.
Our responsibllities and the respon8ibili1Ses of the Trustees wllh respect lo going concem are described in the
relevant se¢tions of this report.
Page 20

The Yardley Great Trust Group
{A company Ilmited by guaranteel
Independent audltors. report to the Memb8rs of The Yardloy Great Trust Group (continupdl
Other infomiation
The Trustees are responsible for the other information. The other informab'on comprises the information
included in the Annual report, other than the linancial statements and ovr Aud(fors' report thereon. Our opinion
on the financial statements does not cover the other information and, except to the extent otherwise explicitly
staled in our report, we do not express any form of assurance conclusion thereon.
In connectlon with ou¥ audit of the financlal slalements, our responsibility is to read the other information and, In
doing so, ¢onsider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audr£ or othe￿ise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misststemenls, we are required to determine whether there is a material
misslalement in the linanclal statements or a material misstatement of the other information. If, based on the
work we have performed, we ¢onclude that there is a material misslatemenl of this other Information, we are
required to report that fact.
We have nothing to report in Ihls regard.
Opinlon on other matters prescrlbgd by the Companles Act 2008
In our opinion, based on the work undertaken Sn the course of the audit..
the information given in the Trustees. report for the financial year for which the financial statements are
prepared is consistenl with the financial statements.
the Trustees. report has been prepared in accordance with applicable legal requirements.
Matterd on whlctt we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained sn the
course of the audit, we have not identified material misstalemenls in the Trustees, report.
We have nothing to report in respect of the following matters in relation to whiGh Companies Act 2006 require5
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial statements are not in agreomenl with the a¢¢ounting records and returns,. or
certain disclos￿reS of Trustees, remuneralioTr specified by law are not made., 01
we have not received all the information and explanations we require for our audit.
Rosponolbilltles of trustoes
As explained more fully in the TNstees' responsibilities statement, the Trustees {who are also the directors ol
the charitable Company for the purposes of company lawl are responsible for the Pfeparalion of the financial
statements and for bein9 satisfied that they give a true and fair view. and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatemenL whether due to fraud or error.
In preparing the financlal statements, the Trustees are responsible for assessing the char'rtable companls
ability to continue as a going concern, disclosing, as applicable, matters reSated to going concern and using the
going concern basis of attcounling unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realistic alternative but lo do so.
Page 21

The Yardley Great Trust Group
{A company Ilmited by guarantee)
Indop¢ndgnt audltors. report to the Members of The Yardley Great Trust Group Icontinugdl
Audltors. responsibilities for the audit of thg financial statements
Our obje¢lives are lo obtain reasonable assurance about whether the finar¢cial statements as a whole arg free
from material mi5Stalement, whether due lo fraud or error, and to issue an Auditors, report that include5 our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit GonduGted in
accordance with ISAS (UK) will always delect a material misstatement when il exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected to influence the economic decisions ot users taken on the basis of these financial stalemenls.
Irregularit￿s, including fraud, are instances of non-compliance with laws and regulation5. We design
procedures in line wlh our responsibilities, outlined above, lo detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities,
including fraud is detailed below..
Enquiry of management around actual and potential litigation and claims.,
Enquiry of management to identify any instances of non-compliance with laws and regulations.,
Reviewing minutes of meetings of those charged with governance.,
Reviewing internal audit reports,.
Reviewing financial slalemenl disclosL*res and testing to supporting do¢umentalion to assess compliance
with appliGable laws and regulations.
Perfomiing audit work over the risk of management override of controls, including lesb'ng of joumal
entries and other adjustments for appropri2teness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will nol delecl all irregLtlarities, incltjding
those leading lo a material misstatement in the financial slalements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment. forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
.uklauditorsres
onsibili
e5. This description forms part of our
ALtditors' report.
U8e of our report
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies A¢t 2006. Our audit work has been undertaken so that we might slate to the
charitable company's members those matters we are requifed to slate to them in an Auditors, report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other
than the charitable company and its members, as a body, for our audit work. for this report, or for the opinions
we have form8d.
Andrew Morrls FCA (Senior statutory auditor)
for and on behalf of
Dalns LLP
Slatulory Auditor
Chartered Accountants
17June2021
Page 22

The Yardley Great Trust Group
{A company limited by guarantee)
statement of flnaTrGlal activitle8 Ilncorporatlng Income and expendituro ac¢ountl
For the year ended 31 December 2020
As reststed
Total
funds
2019
Unrestrlcted
funds
2020
Restricted
funds
2020
Endowment
funds
2020
Total
fund8
2020
Noto
Income and
endowments from:
Donations and
legaG+es
Charitable activities
Investments
Other income
254,828
5,285,271
133,114
31,131
254,828
5,285,271
133,114
31,431
21,631
5,084,648
143.886
27,647
Total Income and
endowments
Expgnditurg on-
Chalitable activities
Other expenditure
5,704,344
5,704,344
5,277,812
5,185,405
S,OlXI
32,365
144,360
5,362,130
5,000
5,134,720
6,000
Total expgndituro
5,190A05
32,365
144,360
5,367,130
5.140,720
Net incomo 1
{expenditurel
before not gains on
investments
513,939
(32,365
{144,360)
337,214
137,092
Net gains on
investments
283,607
51,355
334,962
801,674
Net (ncome I
(oxpenditure)
Transfers be￿een
funds
External transfers
797,546
132,365)
{93,005
672,176
938,766
25
1290,059)
74,363
215,696
1,064,296
Total transfers
1290.OS91
74,363
215,696
1,064,296
Net movoment in
funds bgforg other
recognisgd
{lossesllgains
Other recognlsed
{los8e8} I galns:
Actuarial
Ilossesllgalns on
defined benefit
pension schemes
307,487
41,998
122,691
672,176
2,003,062
142,000)
{42,0001
2,000
Net movemgnt in
funds
465,487
41,998
122,691
630.176
2,005,062
Page 23

The Yardl¢y Great Trust Group
(A Company limited by guarantee)
Statomont of flnanclal actlvlties lincorporatlng Income and expenditure account) (continued)
For the year ended 31 December 2020
As restated
Total
funds
2019
Unrestrlcted
funds
2020
Restricted Endowment
funds
fund$
2020
2020
Total
funds
2020
Reconclllatlon of
funds:
Total funds brought
forw?rd as
previously staled
Prior year adiuslment
4,855,159
375,104
7,$52,875
565.267
12,783,138
565,267
11,343,343
24
Total funds brought
fomard as restated
Net movement in
funds
4,855,159
375,104
8,118,142
13,348,405
11.343,343
465,487
41,998
122,691
630,176
2,005,062
Total funds carrled
forward
6,320,646
417,102
8,240,833
13,978,581
13,348,405
The notes on pages 28 to 64 form part of these financial Statements.
Page 24

The Yardley Great Tru8t Group
IA company limitgd by guaranteel
8alance sheet
For the year ended 31 Decembèr 2020
As restated
2019
2020
Note
Flxed ass8ts
Housing prOpert￿S
Other tangible assets
Investments
Investment propety
14
16
18
8,020,341
252,120
6,208,754
297,500
8,137.014
302,060
5,896,103
297,500
17
14,778,71S
14,632,677
Current assets
Stocks
Debtors
Cash at bank and in hand
19
20
1,278
302,769
2,S82,061
1.278
371,884
2,059,773
2,886,108
2,432,935
Creditors.. amounts falling due w￿thin one
year
21
(547,632}
{544,905)
Net current assets
2,338,476
1.888,030
Total assgts less curvent liabllities
17,117,191
16,520,707
Creditors.. amounts falling due after more
than one year
22
12,989,610)
{3.047,302}
Net assets excludSng penslon Ilablllty
Defined benefit pension scheme liability
14,127,581
1149.0001
13,473,405
1125,000)
30
Total net assgts
13,978,581
13,348,405
Charlty funds
Endowment funds
Restricted funds
Unrestricted funds
25
25
8,240,833
417,102
S,320,646
8.118.142
375,104
4,855,159
25
Total funds
13,978,581
13,348,405
Page 25

The Yardley Great Trust Group
(A company limited by guarantee)
8alance sheet (continued)
Forthe year ended 31 December2020
The Trustees acknowledge their responsibiliues for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 17 June 2021 and signed
on their behalf by..
Mr R Jongs
Chairperson
MrsJOKHolt
Deputy Chairperson
The notes on pages 28 10 64 foTm part of these financial statements.
Page 26

The Yardley Great Trust Group
IA company Ilmlted by guardnte8)
Slatement of ca8h flow8
For the year ended 31 December 2020
A8 restated
2019
2020
Noto
Cash flows from operating activities
Net cash used in operating activities
27
491,624
299,619
Cash Ilows from Investlng activities
Dividends, interests and rents from investments
Purchase of tsngible fixed assets
Proceeds from sale of investments
PurGhase of investments
133,114
143,886
187,923) {115,7361
356.041
468,627
1446,7131 1498,0241
Net cash used In Investlng a¢tlvltles
145,481)
11,247)
Cash flows from flnancln9 activitips
Repayments ol borrowing
(18,842)
126,5351
Nèt cash used In flnanclng actlvltles
{18,8421
126,5351
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
Cash transf8rred in
427.301
271,837
2,254,410
1,929,612
52,961
Cash and cash equlvalents at the end ofthe yoar
28
2,681,711
2,254,410
The notes on pages 28 to 64 form part of these financial slalements
Page 27

The Yardley Great Trust Group
IA company limlted by guarantee)
Notè$ lo the flnanclal statements
Forth¢ year ended 31 December 2020
General Information
The Yardley Great Trust Group is a charitable company. In the event of the charity being wound up, the
liability in respect of the guarantee is limited to £1 per member of the charity. The address of the
registered office is given in the charity Infomiation on page 1 of these financial Statements. The nature of
the charity's operations are the ￿lIef and care of the elderly andlor disabled persons including but not
exclusively by the prowsion of care services including day care and outreach services and the
maintenance and management of nursing homes in the Wesl Midlands area, the provision of and
managoment of almshouses, the ￿lIttf of hardship or distress and the management of allotment land.
Accountlng pollcSe8
2.1 Basis of preparatlon of flnancial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charilie5.' Statement of Recommended Practice applicable to ¢harilies
preparing their financial statements in accordance with the Financial Reporting Slandarol applicable
in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Slanda¥d
applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act
2006 and UK Generally Accepted Accounb'ng Practlce.
The Yardley Great Twst Group meets the definition of a public benefi't entity under FRS 102.
The financial statements are prepared on 8 going ¢on¢ern basis under the historical cost convention,
modified to include certain items at fair value. The flnancial statements are presented In steding
which is the functional Gurrency of the charity and rounded lo the nearest £.
The significant acttounling polic￿8 applied in the preparation of these financial stslemenls are sel
out below. These policies have been con$islenUy applied lo all years presented unless otherwise
stated.
2.2 Company status
The charitable company is a company limited by guarantee. The members of the company are the
Trustees names on page 1. In the event ol the charitable company being wound up, the liability in
respect of the guarantee is limited to £1 per meTnber of the charitable company.
2.3 Income
All income 15 recognisecs once the Group has enlittement to the income, il is probable that Ihe
income wll be received and the amount of income re￿1vable can be rneasured reliably.
Grants are included in the Statement of financial actwilies on ? receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entillemenl of receipt, its
recognition is deferred and included in creditors as deferred income, Where enb'llement o¢¢urs
before income is received, the income is acctued.
Page 28

The Yardley Great Trust Group
{A company limlted by guarantee)
Notes to the financlal statements
For the year ended 31 December 2020
Accounting pollcles (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constrL>Ctive obligation to transfer economic
benefit to a third paty, it 1$ probable that a transfer of economic benefits will be required in
settlement and the amount of the obligatson can be measured reliably. Expenditure 15 classrfied by
activity.
Expenditure on charitable activities is incurred on directly undertaking the aGtlvitSes which further thg
GTOUP'S objectives, as well as any associated SLJPPOrt costs.
Expenditure on governance is incurred in connection with administration of the Group and
compliance with eonslitulional and statutory requirements.
Grants payable a￿ charged in the year when the offer Is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the condits'ons attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted a5 a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount Gan be measured
reliably by the Group., this is normally upon notlfication of the interest paid or payable by th8
institution with whom the funds are deposited.
Page 29

Tho Yardley Great Trust Group
{A company lirnlted by guarantee)
Notes to the financlal statements
For the year ended 31 D8c8mber 2020
Accounting policies {continued}
2.6 Houslng proporti9S
Housing properties are staled al cost less any provision for impairment (representing a diminution in
the recoverzble service potential of the 8sset below its carrying value in the balance sheell less
depreciation. Cost includes the cost of a¢quiring land and buildings, development costs. interest
charges incurred csuring the development and expenditure incurred in respect of improvements.
Land held separately lo the housing properties is Included at valuation.
Improvements are works to existing properties which result in an increase in the nel rental income,
including a reduction in maintenance costs, or result in a signiticant extension of the useful
economic life of the property.
Tangible fixed assets are staled al cost or valuation less depreciation. Depreciation on housing
properties is provided at rates calculated to write off the cost of those assets, less their estimated
residual value, over their expected useful lives on the following bases..
Main fabric
Roof structure and covedng
Windows and external doors
Gas boilers
Kitchen
Bathroom and Wcs
Mechanical sy5terns
Electrics
- 10CI years
70 years
- 30 years
15 years
- 20 years
- 30 years
- 30 years
- 40 years
Impalrment
All properties are considered for impairment annually and detailed reviews of assets for Impairment
are carried out if there is an indication that impairment has occurred or if they are not being
depreciated.
Works to existing propgrties
Expenditure on housing properties which results in an enhancement of the e¢onomiG benefits of the
propety is capitalised.
Soclal Housing Grant {SHGI and other grants
Grants for capital expenditure are rec￿nIsed as deferred income and released to the Statement of
financial activities annu811y over the Ilfe of the main fabric of the propety they relate to. SHG is
repayable under certain circumstances. primarily following sale of a property, bul will normally be
reslricled lo nel proceeds of the sa￿. Grants received in advance of the relevant expenditure are
inGluded in short-temi creditors and ￿present amounts lo be utilised In the next accounting period.
Page 30

The Yardley Great Trust Group
{A company limited by guarantee)
Notes to the ftnanclal Statements
For the year ended 31 December 2020
Accounting policigs Icontinuedl
2.7 Other tangible fixed assgts and depreclatlon
Other tangible fixed assets costing £500 or more are capitali5ed and recognised whers future
economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed 2S8ets are inits'alty recognlsed at cost. After recognition, under the cost model,
tangible fixed assets are measured al cost less aGcumu18ted depreciation and any accumulated
impairment losses. All costs incurred lo bring a langlble fixed asset into its intended working
condition should be included in the measurement of cost.
At each reporting dale the Group assesses whether there Is any Indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of its fair value
less costs to sell and ils value in use. An impairment loss is recognlsed where the carrying amount
exceeds the recoverable amount.
Depreciallon is charged so as to allocate the Cost of tangible fixed assets less their residual value
over their estimated useful lives, on a straight line and reducing balance basis,
Depreciation 15 provided on Ihe following bases:
Freehold property
Motor vehicles
Trust, GHS & YGNH equipment -
Fixtures and office equlpm8nt
2% slrai9hl line
250A reducing balance
200A reducing balance
100A slraighl line
Freehold land 18 not depreciated.
2￿ Investments
Fixed asset Investments are a foTh of finan¢ial instrument and are initially recognised at their
transaction Gosl and subseguently measured at fair value at the Balance sheet date, unless the
value cannot be measured reliably in which case it is measured al cost less impairment Investment
gains and losses, whether realised or unrealised, are combined and presented as 'net gains on
investments, in the Statement of financial activitie5.
2.9 Inv6stm8nt ploperty
Investment property is carried at fair value determined annually and derived from the CLsrrent market
rents and investment property yields for comparable real estate. adjusted if necessary for any
difference in the nature, location or condition of the specific asset. No depreciation is provided.
Changes in fair value are recognised in the Statement of financial activities.
2.10Stocks
stocks are valued at the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks.
2.11 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of arsy trade discounls due.
Page 31

The Yardley Great Trust Group
IA company limlted by guarantee)
Notes to the financlal statements
For the year ended 31 December 2020
Accountlng policies Icontinugdl
2.12 Cash at bank and in hand
Cash at bank and in hand includes cash anos shorl-term highly liquid investments with a short
maturity of three months or less from the date of a￿ulSItion or opening of the dep0511 or similar
account
2.13 Llabllltles
Liabilities and provisions are recognised when there is an oblig8tion at the Balance sheet datè as
result of a past event, il is probable that a transfer of economic benefit will be required in settlement,
and the amount of the selllement Gan be estimated reliably.
Liabilities are recognised at the amount that the Group antscipates it wtll pay to settle the debt or the
amount il has received as advanced payments for the goods or seNi¢es il must provide.
Provisions are measured at the best estimate of the amounts reqUI￿d to sellle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present valL*e of those
amounts, discounted al the pre-tax discount rate th8t reflects the risks specific lo the liability. The
nwinding of the discount is recognised in the Statement of financial activities as a linance cost.
2.14 Financlal Instruments
The Group only ha5 financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al trans8Ction value and
subsequently measured at their sethement value with the exception of bank and other loans which
are subsequenuy measured at amortised cost using Ihe effective interest method.
2.15 Operatlng lèases
Rentals paid under operating leases are charged to the Statement of financial activities on a straight
line basis over the lease term.
2.16 Penslon$
The Group oporates defined contribution employer sponsored pension 5ohemes and the pension
charge represents the amounts payable by the Group to the funds in respect of the yeai.
The Grotjp participates in the Social Hovsing Pension Scheme (the Scheme), a multi-employer
scheme which provides benefits lo some 500 non-associated employers. The Scheme is a defined
benefit scheme in the UK. The pension eharge is based on tsvo actuarial valuations carried out with
effective dales of 31 March 2018 and 30 September 2018.
Page 32

The Yardley Great Trust Group
IA company Ilmlted by guarantee)
Notes to the flnanclal statements
Forthe year ended 31 December 2020
Accountlng policies (continued)
2.17 Fund accountlng
General funds are unrestricted funds whlch are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes,
Designated funds comprise unrestricted fvnds that have been Sel aside by Ihe Trustees for
particular purposes. The alm and use of each deslgnated ftjnd is set out in the notes to the financial
statements.
Restricted funds are ftjnds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The c0515 01 raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out In the notes to the financial ststements.
Investment income, galns and losses are allocated to the appropriate fund.
The endowment fund comp¥ises property of the Group which the Trustees may not spend as if it
were income. It must be held permanently. but Gan be used in furthering the Group's purposes or to
produGe an income for the Group.
Investment income, gains and losses are allocated to the appropriate fund.
Incomg from donatlon8 and legacl05
Unrestrlcted
funds
2020
Total
funds
2020
Donatlons
Government grants
1,164
253,664
1,164
253,664
Total 2020
254,828
254,828
The Group has been eligible to claim from the govemment support schemes In response to the Covid-19
outbreak.
UnrestriGtgd
funds
2019
Tolal
funds
2019
Donations
21,631
21,631
Total 2019
21,631
21,631
Page 33

Thg Yardley Great Trust Group
IA company Ilmitgd by guaranteel
Note8 to the flnancial statements
For the year ended 31 December 2020
Income from charitable actlvitigs
Unrestricted
funds
2020
Total
funds
2020
So¢ial Housing
Residentl81 Care
Management Charges
1,262,507
3,856,372
166,392
1,262,507
3,856,372
186,392
Total 2020
5,285,271
5.285,271
Unrestricted
funds
2019
Total
funds
2019
Social Housin9
Re5idents'al Care
Home Care
Management Charges
1,243,162
3,583,044
90.400
168,042
1,243,162
3,583,044
90,400
168,042
Total 2019
5,084,648
5,084,648
Unlts in management
2020
2019
Housing units
Care home L¢nits
Nursing home units
Scheme managers, hoLtses
206
69
206
69
45
323
322
Page 34

The Yardley Great Trust Group
(A company limited by guarantee)
Notes to the flnanclal statements
For tho year ended 31 December 2020
Investmenl Income
Unrestrictod
funds
2020
Total
fundg
2020
Rents receivable
Dividends and interest receivable
Bank interest receivable
19,882
112,135
1,097
19,882
112,133
1,097
Tolal 2020
133,114
133,114
Unrestricted
funds
2019
Total
fvnds
2019
Rents receivable
Dividends and interest receivable
Bank interest receivab
19,145
123,512
1,229
19,145
123,512
1,229
Total 2019
143,886
143,886
Page 35

The Yardley Great Trust Group
{A company Ilmlted by guarantee)
Notes to the flnanelal statements
For the year ended 31 December 2020
Analysis of expenditurg on charitable actlvltles
Summary by fund typo
Unrestricted Restrlcted Endowment
funds
funds
funds
2020
2020
2020
Total
funds
2020
Yardley Grange Nursing Home
Yardley Great Trust
Charity of Job Marsto
Grey Gables
Colehaven Trust
2,157,089
1,864,663
3,082
1.104,872
55,699
2,157,089
1,977.894
3,082
1,163,568
80,497
32,365
80,866
58,696
4,798
Total 2020
5,185,405
32,365
144,360
5,362,130
Unrestrlctèd Rgstrlcted Endowment
fund5
funds
funds
2019
2019
2019
Total
funds
2019
Yardley Grange Nursing Home
Yardley Great Trust
Charity of Job Marston
Grey Gables
Colehaven Trust
1,949,322
2,164.557
3,585
892,542
54,580
1.949,322
2,224,785
3,585
892.542
64.486
60,228
9,906
Total 2019
5,064,586
60,228
9,906
5,134,720
Page 36

The Yardley Great Trust Group
{A company limlted by guarantee
Notgs to thg financlal statements
For the ygar onded 310ecember 2020
Other expendlture
Unrestrlcted
funds
2020
Total
funds
2020
Social Housing Pension Scheme Costs
5,000
5,000
Unrestrictgd
funds
2019
Total
funds
2019
Social Housing Pension Scheme costs
6,000
6.000
Page 37

The Yardley Great Trust Group
IA company limitod by guarante8)
Notes to the financial statements
For the year ended 31 December 2020
Analysls of expenditure by actlvltles
Activitle8
undertaken
directly
2020
Grant
fundlng of
activities
2020
Support
costs
2020
Total
funds
2020
Y2rdley Grange Nursing Home
Yardley Great Trust
Charity of Job Marston
Grey Gables
Colehaven Trust
1,853,417
1,603,774
81,095
222,577
374,121
3,082
78,191
18,675
2,157,089
1,977,895
3.082
1,163,568
60,496
1,085,377
41,821
Total 2020
4,584,389
81,095
696,646
5,362,130
Activitles
undertaken
directly
2019
Grant
lundlng of
actlvities
2019
Support
costs
2019
Total
funds
2019
Yardley Grange Nursing Home
Yardley Great Trust
charity of Job Marslon
Grey Gables
Colehaven Trust
1,681,440
1,896,855
89,189
178,693
327,929
3,585
65,846
24,536
1.949,322
2,224,784
3,585
892,542
64,487
826,696
39,951
Total 2019
4,444.942
89,189
600,589
5,134,720
Page 38

The Yardley Great Trust Group
IA Company Ilmited by guarantee)
Notes to the flnanclal statements
Fortho yèar ended 31 Decombor 2020
Anatysls of expendituro by activltles {continuedl
Analysi$ of dlrect costs
Yardley
Grange
Nursing
Yardley
Home Great Trust Grey Gables
2020
2020
2020
Colehaven
Trust
2020
Total
funds
2020
staff costs
Depreciation
Catering
Hygiene and medlcal costs
Cleaning, laundry and waste
disposal
Sundry expenses
Management charges
Repairs and maintenance
Agency costs
Gardening and ground5
maintenance
EquSpment hire
Clothing and uniforms
Training
Health and safety
Loss on disposal of fixed assets
Motor and travel
Registration fees
Amortisation of soclal housing
grant
1,369,748
13,649
75,558
64.628
1,048,049
171,824
44.967
46,056
820,939
58,696
52,744
5,960
3,238,736
248,967
173,269
116,644
4,798
41,502
10,234
2,680
49,905
8,330
101,641
17,689
50,050
306,148
202,037
6,189
6,600
22.547
43,450
56,738
112,916
199,012
51,133
27,851
37,988
4,561
9,284
2,070
6,691
39,607
37,243
1,220
1,505
11,509
11,948
3,885
1,134
225
2,682
10,125
44,486
20,629
3,575
21.317
56,681
5,572
2,516
13,282
3.117
5,126
1,687
321
12,204
1,061
853
(38,8501
{38,850)
Total 2020
1,853,417
1,603,774
1,085.377
41,821
4,584.389
Page 39

The Yardley Great Trust Group
IA company lirnited by guarantee)
Notes to the flnanclal statements
For the year ended 31 December 2020
Analysis of expenditure by activities {continued}
Analysis of dlrect costs {continued}
Yardley
Grange
Nurslng
Yardley
Home Great Trust Grey Gables
2019
2019
2019
Colehavon
Trust
2019
Total
funds
2019
Staff costs
Depreciation
Catering
Hygiene and medical costs
Cleaning, laundry and waste
disposa
Sundry expenses
Management charges
Repairs and maintenan
Agency costs
Gardening and grounds
maintenance
Equipment hire
Clothing and unifomis
Training
Health and safely
Loss on clisposal of fixed assets
Motor and travel
Registration lees
Amortisation of social housing
grant
1,202,431
14,560
68,684
59.983
1,192.138
213,056
53,914
40,736
600,105
30,806
46,015
5,417
2,994,674
268.328
168,613
106,136
9,906
43,945
12,726
13.543
21,348
13,285
go
8.317
6,600
14,339
78.109
35,145
50,050
404,298
240,302
43,450
44,530
169,871
307,367
30,693
38,C62
39,738
4,960
12,028
1,940
5,334
2.248
39,511
912
1,171
10,114
8,310
1,297
1,705
8,512
2,899
8,166
47,370
21,106
3,111
19,698
15,650
1,297
3,483
26.422
4.250
4,393
699
280
1,498
10,714
7,196
138,8501
{38.8501
Total 2019
1,681,440
1,896.855
826,696
39,951
4.444,942
Page 40

The Yardley Great Trust Group
{A cornpany Ilmitod by guaranteel
Notgs to the flnancial statements
For the year ended 31 December 2020
Anaty816 of expendlturo by actlvltles Icontlnued)
Analys18 of support Costs
Yardley
Grange
Yardley
Nursing Home Great Trust
2020
2020
Charlty of Job
Marston
2020
Grèy Gables
2020
Investrnent managers fees
Sundry costs
Insurance
Heal and light
IT costs
Bank charges
Audit and accountancy fees
Legal and professional fees
Postage, talephone and stationery
Rent and rates
Loan interest
22,311
3,171
8,421
118.631
22.693
4,722
3,840
26,865
38,747
89.938
34,782
3,082
11,619
3.155
42,390
1,434
4,977
39,727
32
516
5,960
3,931
12,965
8,681
28.403
10,261
126,717
Total 2020
222,577
374,121
3,082
78,191
Colehaven
Trust
2020
Total
funds
2020
Investment managers fees
Sundry costs
Insurance
Heat and light
IT costs
Bank charges
Audlt and accountancy fee5
Legal and professional fees
Postage, telephone and stationery
Rent and rates
Loan interest
26,393
16,224
17,761
217.870
23,038
5.270
9,800
59,199
61,973
225,336
34,782
1,208
17,122
345
Total 2020
18,675
696,646
Page 41

The Yardley Great Trust Group
IA company limited by guarantgel
Notes to the financlal statements
For lh8 year 8nded 31 December 2020
Analysis of expendlture by activitios Icontlnuedl
Analysis of support cost$ {continuod
Charlty ol
Job
Marston Grey Gables
2019
2019
Yordley Grange
Yardley
Nursing Home Great Trust
2019
2019
Investment managerfs fees
Sundry costs
Insurance
Heal and light
IT costs
Bank charges
Audit and accountancy fees
Legal and professional fee8
Postage, telephone and stationery
Rent and rates
Loan interest
22,025
4,093
19,207
81,024
10.033
4,854
14.970
2e,533
30,996
77,805
36,389
2,935
3,653
5,670
30,916
1,951
6,657
32,057
30
843
4,085
5.379
8,899
5,975
650
973
11,966
125.485
Total 2019
178,693
327,929
3,585
65,846
Colehaven
Trust
2019
Total
funds
2019
Investrnenl managers fees
Sunclry costs
Insurance
Heat and light
IT costs
Bank charges
Audrt and accountancy fees
Legal and professional fees
Postage, telephone and stationery
Rent and rates
Loan inleresl
24,960
9,697
32,778
166,305
10,033
5,741
18,805
34,755
51,861
209,265
36.389
1,244
22,308
14
19001
1,870
Total 2019
24,536
600.589
Page 42

The Yardley Great Trust Group
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2020
10. Grants paid by Yardley Great Trust during 2020
2020
Springfield Project. to help wrth the ¢osls of debt and money management advice sessions
Job Marslon Centre.. to help with the costs of providlng debt advice
Acocks Green Foodbank.. to help with the costs of providing food for disadvantaged people
st Richards Church.. to help with the costs of facilities for the community
Immanuel Church.. to help with the costs of facilits'es for the communrty
Birmingham and Solihull Women's Aid.. to help wlh the costs of providing refuge for people
who have suffered domestiG abuse
Summerfield Stables.. lo help with the costs of maintaining facilf(ies to enable riding
lessons for young people with disabilits'es
House of Play and Education.. to help with the costs of providing services for
disadvantaged families
Narthex Sporkhill Foodbank.. lo help with the costs of providing food for dlsadvantaged
people
stechford Baptist Church.. lo help with feasibility costs for a new community building
Highteis Heath School.. to help disadvantaged families
7,486
5,000
5,000
5,000
4.000
4,000
3,820
2,620
1,000
1,000
849
Grants to organl$atlon8
39,775
Moielies.. money distributed on behalf of trustees
Grants to familieslindividuals
7,050
29,193
Total grants paid In 2020
76,018
The totsl above does not include grants to the value of £4,549 that were awarded but not paid out at 31
December 202012019- £17,127).
11. Auditovs remuneratlon
2020
2019
Fees payable to the Group's auditor fr)r the audit of the Group's annual
account5
17,112
16,869
Page 43

The Yardley Great Trust Group
{A company Ilmlted by guarantee)
Notes to the Ilnanclal statoments
For the year ended 31 December 2020
12. Staff costs
2020
2019
Wages and salaries
Social security costs
Pension costs
2,968,495
182,178
88,063
2,761,064
155,597
78,013
3,238,736
2,994,674
The average number of pe￿OnS employed by the Group dLtring the year was as follows..
2020
No.
2019
No.
Scheme manager, care and maintenance
Care home staff
Warden
Other staff
63
112
65
112
180
185
No employee received remuneration amounting lo more than £60.000 in either year.
Key management remuneration paKI in the year by the Group tolalled £86,23812019 - £82,460}
13.
Tru8tees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefils12019 - £NILI.
Ouring the year ended 31 December 2020, no Trustee expenses have been incurred12019 - £Nill.
P8ge 44

The Yardley Great Trust Group
{A company Ilmited by guarantee)
Notes to the flnancial statements
For the year ended 31 December 2020
14. Houslng properties
Housing
propertles
Cost
Al 1 January 2020 las previousty staled)
Prior Year Adjustm8nl
10,924,7
14,249
At 1 January 2020 (a8 restated)
Additions
Disposals
10,939,026
42,845
115,4141
Al 31 December 2020
10,966,457
Amortisatlon
At 1 January 2020 (as previously stated)
Prior Year Adjustment
3,265,735
{463,722)
At 1 January 2020 (as restaledl
Charge for the yoar
On disposals
2,802,013
153,945
(9,8421
At 31 December 2020
2,946,116
Net book valuo
At 31 December 2020
8,020,341
At 31 De¢ember 2019 (as restated}
8,137,013
Page 45

The Yardley Great Trust Group
IA company lim5ted by guarantee)
Noles to the financlal statements
For the year ended 31 December 2020
15.
Housing property units
The housing properties inclL+de the following properties..
2020
2019
Carrs Lane Gardens
Old Brookside
Yardley Gardens
Greswold Hous8
47
67
10
29
47
67
10
2g
L li
Cotlrells Close
Foliol Fields
Greswold Gardens
Yardley Grange Nursing Home
Grey Gables ca￿ Home
Colehaven Cottage5
Scheme managers, house5
10
31
10
31
30
30
46
40
11
45
40
11
323
322
Page 46

The Yardley Great Trust Group
(A company limlled by guarantee
Notes to the financlal statements
Forthe year ended 31 December 2020
16. Other tanglble flxed assets
Freehold
land and
bulldlngs
Tru$t, GHS Flxtures and
& YGNH
offlce
equlpment
gqulpment
Motor
vehlcles
Total
C05t
Al 1 January 2020
Additions
129.933
25,250
479,916
8,S35
fj,107,920
36,543
1,743.019
45,078
At 31 December 2020
129.933
25,250
488,451
1,144N63
1,78B.097
Depreciation
At 1 January 2020
Charge for the yeai
46,141
1,759
15,727
2,381
444,343
9,800
934,748
81,078
1,440,959
95,018
Al 31 December 2020
47,900
18,108
454,143
1.015,826
1,535,977
Net book value
At 31 December 2020
82,033
7,142
34,308
128,637
252,120
Al 31 December 2019
83,792
9,523
35.573
173,172
302.060
Included within freehold land and buildings is 7.9 acres of land at Springfield Road, whKh is not
depreciated. The original cost of the land is unknown. The land was 5881 formally valued al £42,000 on
31 December 2017 by Lynette Somers MRICS of Bridgehouse Valuation SeNices on the basis of open
market value.
Page 47

The Yardley Great Trust Group
IA company limited by guarantee)
Notes to the fln8ncl81 ststements
For the year ended 31 Deeembor 2020
17. Invostment property
Freehold
investment
property
Valuatlon
At 1 January 2020 la8 restaledl
297,500
At 31 December 2020
297.500
The 2017 valuations of £115,000 were made by Bridgehouse Property Consullanls in DecembeT 2017,
on an open market for existing use basis.
The 2020 valuations of £182,500 wefft made by Pinders Professional and Consultancy Services in
September 2020, on an open market for exi51ing use basis.
18. Fixed a8S¢t Inv¢stments
2020
2019
Valuitlon
At 1 January 2020
Addit￿￿$
Disposals
Revaluations
5,896,103
4.973,289
446,713
498,024
1317,7571 (365,1671
84,045
595,321
6,109.104
5,701,467
Cash held by investment managers
99.650
194,636
At 31 December 2020
6,208,754
5,896,103
2020
2019
Historical cost
3,939.784
3,756,991
Page 48

The Yardley Great Trust Group
IA Gompany Ilmlted by guaranteg)
Nolgs to the flnanclal statements
For th9 year ended 31 December 2020
19. Stocks
2020
2019
Materials and consumables
1,278
1,278
20. Debtors
2020
2019
Trade debtors
Amounts owed by linked charities
Other debtors
Prepayments and accrued income
147,348
61,451
4,424
89,$46
85,999
148,517
25,039
112,329
302.769
371,884
Page 49

The Yardley Great Trust Group
IA company limlted by guarantee)
Notes to the financial stotements
For the year ended 31 December 2020
21. Creditors.. Amounts falllng duo wlthln ono year
2020
2019
Houslng loans
Trade creditors
Amounts owed to linked charities
other taxation and social security
Other creditors
Accwals and deferred income
18,139
204,092
61,451
45,827
30,673
187,450
26,014
134.526
148,517
48,384
24,487
162,977
647,632
544,905
2020
2019
Oeferred income
Deferred income al 1 January 2020
Resources deferred during the year
Amounts ￿ le88ed from previous periods
56,435
75,124
15fj,435)
45,431
56.435
145.4311
75.124
56.435
Income has been deferred as it ￿lateS to income recelved in advance. Deferred income also includes
social housing grants whioh are to be recognised over the life of each propety to which the grants relate
Page 50

The Yardley Great Trust Group
IA company Ilmited by guarantee)
Notes to the flnancial 8tatements
For the year ended 31 December 2020
22. Creditors: Amounts falling due after more than one year
2020
2019
Houslng loans
Accrua15 and deferred income
470,550
2,519,060
489,392
2,557,910
2,989,610
3,047,302
The aggregate amount ol liabilities repayable wholly or In part or lo be released to income in more than
five years after the reporbng date is..
2020
2019
Payable or repayable by instalments
Releasable to income
399.644
2,363,660
418.486
2,402.510
2,763,304
2.820,996
The Nationwide and Orchardbrook loans, inGluded in housing loans above. are made in respect of, and
secured on, the housing properties of the Group's Housing Activities. as shown in note 14. The loans are
repayable by Instalments - interest payable on the Nationwide Building Society loan is at a variable rate
and interest on the Orchardbrook loan is fixed between 14.5% and 10.75Yo.
The Almshouse Associatlon loans are unsecured. interest free and repayable over a ten year and four
year period respectively.
Page 51

The Yardley Great Trust Group
{A company limited by guarantee)
Notes to the financlal Statements
For the ygar ended 31 December 2020
23.
Flnanclal instrumgnts
2020
2019
Financlal assets
Financial assets measured at undiscounted amounts receivable
213.223
259,555
2020
2019
Flnanclal liabilities
Fin8ncial liabilities measured at amorb'sed cost
Financial liabilities measured at undiscounted amounts payable
(488,6891
1515,406)
1408,542) 1414,0721
1897,231}
{929.4781
Financial assets measured at undiscounled amounts receivable Gomprise trade debtors, other debtors
and amounts owed by linked Charities.
Financial liabilities measured aè amortised cost comprise housing108llS.
Financial liabilities measured at undiscounled amounts payable comprise trade creditors, amounts owed
to linked charities, other creditors and accruals.
24. Prior year adjustments
A prior year adjustment has been processed due to a professional valuation report being made available
for the properties held by The Grey Gables Trust. The properbes were previously transferred into the
Group in 2019 at thelr book value in the absence of a reliable valuation.
The adjustment has increased the value of investment property transferred into the Group in 2019 by
£87.296 and housing properties transferred in by £478,172. The increase in value of the housing property
has resulted in an additional £201 of depreciation being charged in 2019, therefore resulting in an overall
net increase to Grey Gable's funds al 31 December 2019 of £565,267.
Page 52

The Yardley Great Trust Group
{A company Ilmlted by guaranteo)
Notes to the flnanclal statements
For the year ended 31 December 2020
25. Statement of funds
Stat8mgnt of fvnds- current year
As re9tated
Balance at 1
January
2020
Balance at
31
Galnsl Decembèr
(Losses)
2020
TransfeTS
inlout
Income Expendlture
Unrestrlcted funds
Deslgnated funds
Yardley Great Trust-
Contingency fund
Yardley Great Trust -
Extraordinary repair
fund - other
buildings
Yardley Great Trust-
Devebpment fund
Yardley Great Trust
Group- Furniture
and equipment fund
Colehaven Trust-
Residents, leisure
fund
714,575
714,575
34,500
11,404)
21,904
65,000
3,149,569
3,149,569
8,964
32,336
41,290
3,626
3,626
3,911,224
11,4041
54,240
3,964,060
General funds
Charity of Job
Marston
Colehaven Trust
8,158
18,158)
126,7S4
77,116
155,698}
(59,1531 1,200.40S 11,104,872)
484,259
2,338,971 {1,944,2791 {309,849)
(2,114
5,570
151,628
36,380
805,139
Grey Gables
Yardley Great Trust
Yardley Great Trust-
Revaluation reserve
Yardley Great Trust
Group
236,037
42,000
42,000
350,075
2,079,694 12,075,994)
{32,3361
321 N39
943,935
5,704,344 15,189,001) 1344,2991
241,607
1,356,586
Total Unrestrlcted
funds
4,855,159
5,704,344 {5,190,4051
{290,059)
241,607
5,320,646
Page 53

The Yardley Great Trust Group
IA company Ilmited by guaranteè)
Notes to the flnanclal statements
For tho year ended 31 December 2020
25. Statement of funds Icontlnued)
As restated
Balance at I
January
2020
Balance at
31
Gainsl December
{Lossesl
2020
Transfors
inlout
Income Expendlture
Endowrnont funds
Charity of Job
Marslon
Colehaven Trust
Grey Gables - Bailey-
Cox memorial fund
Yardley Great Trust
722.888
630,094
51,355
774,243
627,410
(4,798)
2,114
992,511
,772,649
(58,696)
180,8661
933.815
5,905,365
213.582
8,118,142
{144,3601
215,696
51,355
8,240,833
As restated
Balance at 1
January
2020
Balance at
31
Gainsl Oecgmber
(Losses)
2020
Trnnsfers
inlout
Income Expendlture
Restrictgd fuTrds
Grey Gables - Ellen
Stanley Coleman
Rhodes fund
59,561
59,561
Grey Gables-
Residents fund
Y8rdley Great Trust-
Extraordinary repair
fund - Almshouses
63,243
53,243
262,300
(32,365)
74,363
304,298
375,104
(32,365)
74,363
417,102
Total of funds
13,348rt05
5,704,344 {5,367.1301
292,962 13,978,$81
Page 54

The Yardley Great Trust Group
IA company Ilmited by guarantee)
Notes to the flnanclal statements
For the yearended 31 December 2020
25. Statement of funds (continued)
Statement of funds - prior year
As restated
Balance at
As restated
31
Transfer8
Galn81 Decemb8r
inlout ILos88s)
2019
Balance at
1 January
2019
Income Expendituro
Unrostricted funds
Deslgnated funds
Yardley Great Trust-
Contingency fund
Yardley Great Trust-
Extraordinary repair
lund other buildings
Yardley Great Trust-
Development fund
Yardley Great Trust
Group - Furniture and
equipment fund
Colehaven Trust-
Residents, leisure fund
614,576
100,000
714,575
16,164
13,020)
21,356
34,500
2,949,569
200,000
3,149.569
23,366
{14,412)
8,954
3,628
3,626
3,607,300
{3,0201
306,944
3,911,224
As restated
Balan¢e at
31
Galnsl Decembor
ILos8e81
2019
Balance at
1 January
2019
AS re8tated
Transler8
inlout
Income Expendhure
Ggneral funds
Charity of Job Marslon
Colehaven Trust
Grey Gables
Yardley Great TrLtst
Yardley Great Trust-
Revaluation reserve
Yardley Great Trust
Group
8,986
(8,9861
82,848
154,5811
874,407
{892,340}
141,2201
98,853 2,374,962 (2,251,325> {425,244}
85,269
13.218
126,754
(59,1531
484,259
687,013
42,000
42,000
259,187 1,936,608
11,860,133)
14,413
350,075
485,309 5.277.811 15,067,365) 1452,0511
700,231
943,935
Total Unrgstrictéd
funds
4,092.609 5,277,811
{5.070,385) 1145,107)
700,231
4,855,1 $9
Page 55

The Yardley Great Trust Group
{A company limitsd by guarantee)
Notes to thè financlal statements
For the yoar ended 31 Decembor 2020
25. Statement of funds Icontinuedl
As restated
Balance at
31
December
2019
Balance at
1 January
2019
A8 restated
Transfers
Inlout
Gains1
(Losses)
In¢ome ExpendSture
Endowment funds
Charty ofJob
Marston
Colehaven Trust
Grey Gables- Bailey-
Cox memorial fund
Yardley Great Trust
619,445
640.000
103.443
722,888
630,094
19,906)
992,511
44,735
992,511
5,772,649
5,727,914
6,987,359
(9.906}
1.037,246
103,443
8.118,142
A5 restatod
Balance at
31
Galnsl December
{L￿se$l
2019
Balance at
1 January
2019
AS restated
Transfer8
Inlout
Income Expendlture
Restrlcted fund8
Grey Gables- Ellen
Stanley Coleman
Rhodes fund
Grey Gables -
Residents fund
Yardley Great Trust
Extraordinary
repair fund -
Almshouse5
59,561
59,561
53,243
53,243
263,375
160.228}
5g,153
262.300
263,375
{60,2281
171,957
375,104
Total of funds
11,343,343
5.277,811
{5,140,5191
1.064,096
803,674 13,348,405
Page 56

The Yardley Great Trust Group
(A ¢ompany Ilmited by guarantee)
Notes to the flnanclal 8tatemonts
For the year ended 31 December 2020
Statement of funds Icontinuedl
Dosignated reserve8
Designaled reseNes have been set aside for the following purpose8'.
Contingency fund
The Trustees consider that they need to hold at least four months, expendlture as a contingency reserve.
Extraordlnary ropalr fund - other bulldlng8
The amount to be held is calculated by rèference to a plan that shows when bullding components and
equipment cars be expected to require ￿plaCement. The plan is updated annually.
Development fund
A development fund has been set aside by the Tnjslees to contribute towards tho Gosl of new housing
evelopmenllsl as and when opportunities arise.
Fumlture and Equlpment fund
The furniture and equipmenl fund has been established lo ensure there are sufficient funds availab18 to
Serv￿ce the Furniture and Equipment plan. The amount to be held is calculated by reference lo a plan
that shows when building components and equipment can be expected to requife replacement. This plan
is upd8ted annually.
Resldents. 1818ure fund
This fund has been sel LSP With the object of using the income from the fund for the benefit of the home's
residents.
Endowm¢nt fund$
The endcwment funds ¢omprise property of the Group li.e. land, buildings, investments OT cash) which
the Trustees may not spend as if it were income. 11 musl be held permanently, bul can be used in
furthering the Group's purposes or to produce an income for the Trust.
Restrlcted resorves
Ellen Stanley Coleman Rhodes fund
This fund has been set up with the object of using the income from the funé for the benefit of the home's
residents.
Residents fund
This fund has been set up with the object of using the income trom the fund for the benefit of the home's
residents and staff.
Extraordinary repairfund - almshouses
The amount to be held is calculated by reference to a plan that shows when building components and
equipment can be expected to require repla￿Ment. The plan is updated annually. The Charity
Commission Scheme for Yardley Great Trust provides that each year a transfer Should be made from
unrestricted income lo the restricted Extraordinary Repair Fund and the amount is to be determined by
the Truslees in light of the demands whlch may be made upon the funds.
Page 57

Th8 Yardloy Great Tru8t Group
IA company limlted by guarantee)
Notes to th8 flnanclal statements
For the yoar ended 31 De¢embBr 2020
26. Analysis of net assets between funds
Analysis of net assets between funds - current perlod
Unrestrlcted Rostricted Endowment
funds
funds
funds
2020
2020
2020
Total
funds
2020
Tangible fixed assets
Intangible fixed asset5
Fixed asset investments
Inveslm8nl property
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
204,453
3,762,449
1.794,575
47,667
252,120
4,257,892
8,020,341
4,109.881
6,208,754
297,500
297,500
16,582
2,886,107
{18,1391
1547,6311
{470,5501 12,989,610)
1149,000)
304,298
2,756,721
1529,492)
12,519,060}
1149,0001
112,804
Total
5,320,646
417,102
8,240,833 13,978,581
Analysls of net assets bgtwegn funds - prlor perlod
A8 restated As reststed
Unio$trictgd Restrlcted Endowment
Totsl
funds
funds
funds
funds
2019
2019
2019
2019
Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Investment propety
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charge8
213,646
3,792,647
1,754,992
88,414
302,060
4,344.366
8,137,013
3.878,811
5,8g6,103
297,500
297,500
16,582
2,432,935
118.1391 (544,9051
(489,392) {3,047,3021
{125,0001
262.300
2,303,549
(526.7661
12,557,910)
(125.QOOI
112,81)4
Total A8 reststed
4,855,158
375,104
8,118,142 13,348,404
Page 58

The Yardley Great Trust Group
IA company Ilmlted by guarantee)
Notes to Ihe financlal statem8nt6
For the year ended 31 DoGember 2020
27.
Reconclllatlon of net movement In funds to net cash flow from operatlng actlvities
As restated
2019
2020
Net income for the period las per Statement of Financial Actwiliesl
672,176
938,766
Adbustments for.
Depreciation charges
Amortisation charges
(Gainsylosses on investments
Dividends, interests and rents trom investments
Loss on the sale of fixed assets
Increase in stoeks
Increase in debtors
Inorease in creditors
Defined benefft pension scheme adjustment
248,960
268,323
138,850)
138,850)
{334,962)
(801,6741
{133,114) {143,8861
6,572
1,297
11,2781
12S,6081
116.529
(14,0001
{97,2761
169,118
Net cash provldod by operatlng a¢tlvltles
491,624
299,619
28. Analysls of cash and ¢a$h equlvalents
2020
2019
Cash in hand
Cash held by investment rnanagers
2,582,061
99,650
2,059,774
194,636
Total t•sh and cash oqulval8nts
2,681,711
2,254,410
29. Analy318 of changes in net dobt
Atl
January
2020 Cash flows
At31
December
2020
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
2,059,774
(26,0141
{489,392
522,287
7,875
18,842
2,582,061
118,1391
{470,5501
1,544,368
549,004
2,093,372
Page 59

The Yardley Great Trust Group
IA company limlt8d by guarantee}
Notes to the financlal statements
For th¢ year ended 31 December 2020
30. PensSon commitments
The Group conlribule5 to defined contribution employer sponsored pension plans, managed and
administered by Aviva and Zurich insurance. The asset5 of the plans are held separately from those of
the Group in independently administered funds. The pension cost charge represents contributions
payable by the Group to the funds and amounted to £88,06312019 - £40,595). Contributions amounting
10 £12,511 12019 £7,596) were payable to the ftjnds al the balance sheet date and are included in
creditors.
The Group operates a defined benefit pension scheme.
The Scheme is subject lo the funding legislation oullinecj in the Pensions Act 2004 which came into force
on 30 December 2005. This, togett)er with documents issued by the Pensions Regulator and Technical
Actuarial Slandarcls issued by the Financial Reporting Council, sel OL*1 the fffjmework for funding defined
benefit occupational pension schemes In the UK.
The last triennial valuation of the scheme for funding purposes was c8rried out as at 30 September 2017.
This valuation revealed a deficit of £1,522m. A Recovery Plan has been put in place with the aim of
removing this deficit by 30 September 2026.
The Scheme is classified as a 'last-man standing arrangement,. Therefore the Group is potentially liable
for other participating employers, obligations if those employers are unable to meet their Share of the
scheme deficit following wlhdrawal from the Scheme. Participating employers are legally required to
meet Iheii share of the Scheme deficit on an annuity purchase basis on withdrawal from the Scheme.
For financi81 years ending on or befor8 28 February 2019, it has not been possible for the Group to obtain
sufficient information to enable il lo account for the Scheme as a defined benefit scheme, therefore the
Group has accounted for the Scheme as a defined contribulioii sGhemo.
For financial years ending on or after 31 March 2019, il 15 Possible to obtain sufficient information to
enable the Group to account lor the Scheme as a defined benefit s¢hem8.
For accounting purposes, Iwo actuarial valuations for the scheme were carried out with effeclwe dales of
31 March 2018 and 30 September 2018. The liability figures from each valuation are rolled fotward to the
relevant acoDunling dales, if applicable, and are used in conjunction with the Group's fair share of the
Scheme's total assets to calculate the Group's net deflcil or surplus at the accounting period start and
end dates.
Principal actuarial assumptsons at the Balance sheet date (expressed as weighted averages)..
At31
December
2020
At31
December
2019
Discount rale
1.31
3.47
3.03
2.47
1.93
3.06
3.06
2.06
Future salary increases
Inflation assumption {RPII
Inflation assumption ICPII
Page 60

The Yardley Great Trust Group
(A Company Ilmlted by guarantee)
Notgs to tho financlal statements
Forthg year onded 31 Dècember 2020
30. Penslon commltment8 Icontinued)
At31
Oecornber
2020
Years
At31
Dpcgmber
2019
Ygars
Mortality rates {in years)
- for a male aged 65 now
- at65 for a male aged 45 now
- for a female aged 65 now
- at 65 for a female aged 45 now
21.5
22.9
23.3
21.8
23.2
23.5
24.7
The Group's share of the assets in the scheme was..
At31
Decembor
2020
At31
December
2019
Global Equity
Absolute Re￿rn
Infrastructure
Corporate Bond Fund
Alternative Risk Premia
Secured Income
Emerging Markets Debt
Risk Sharing
Liability Driven Investment
Other Investments
138
41
53
so
30
29
138
33
48
33
45
22
36
31
25
22
255
203
208
109
Total fair value of assets
866
683
The athal return on scheme assets was £162,00012019- £63,000).
The amounts recognised in the Stalemenl of financial activities are as follows..
2020
2019
Interest income
Interest cost
Administrative expenses
13
16
1201
121
{2}
Total amount recognised in tho Ststement of financlal actlvftles
15)
16)
Pa9e 61

The Yardley Great Trust Group
{A company limited by guarantee)
Notes to the financial statements
For the year ended 31 Dgcember 2020
30. Pen61on commltments {contlnued)
Movements in the present value of the Llefined benefbt obligation were as follows..
2020
Opening defined benefit obligation
Benefits paid
Interest expense
Administrative expenses
Actuarial losses
808
121
16
191
Closlng defined benorrt obligation
1,015
Movements in the fair value of the Group's share of scheme assets were as follows:
2020
Opening fair value of scheme assets
Interest income
Benefits paid
Contributions by employer
A¢tuarial gains
683
13
12)
23
149
Closing falr value of schème a55ots
866
31.
Operating leaso commitments
At 31 Decemb8r 2020 the Group had commitments to rnake future minimum lease payments under non-
eancellable op8raling leases as follows:
2020
2019
Not later than 1 year
Later than 1 year and not later than 5 years
624
104
728
728
1,592
Page 62

The Yardley Great Trust Group
{A company limited by guarantee)
Notes to the financial statements
Forthe year ended 31 December 2020
32. Relaled party transactions
During the year, Yaidley Great Trust entered into the followin9 transactions with other linked charllles..
2020
2019
Yardl•y Great Trust Group
Rent
Management charge
Recharge of expenses
116,342
43,450
22,195
116.342
43,450
22.423
181,987
182,215
The Golehaven TTUSt
Management charge
Recharge of expenses
6.600
17,413
6,600
24,013
6,600
Grey Gables
Recharge of expense8
13,665
10,491
During the year, Yardley Great Trust Group entered into the following transactions with other Ilnked
charities in the Group..
2020
2019
Grey Gables
Recharge of expenses
6,779
5,779
Page 63

Thg Yardloy Great Trust Group
IA company limited by guarantee)
Notos to the linanclal stat8m8nts
For the year ended 31 December 2020
32. Related party tTan5actions (contlnuedl
At the year end, the following amounts were due be￿een linkecl charities in the Group..
2020
2019
Balan¢o5 due to the Yardley Great Trust
The Yardley Great Trust Group
The Charity of Job Marslon
The Colehaven Trust
Grey Gables
350
18,067
4,051
9,129
111,491
30,718
31,068
142,738
Balances dug to The Colèhaven Tn￿t
Yardley Great Trust
18,825
18.825
Balances due to Yardley Great Trust Group
Grey Gables
The Yardley Great Trust Group
11,658
5,779
61,451
148,517
During the year the Group received Income of £20,170 (2019 £18,750} from Yardley Educational
Foundation, which has one Twslee in common with the Group.
33. Conlrolllng party
The ullim8ts Controlling paty is the Board of Trustees.
Page 64