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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Group, its Trustees and advisers|1-2|
|Trustees'
report|||3-16|
|Independent
auditor's|report|on the financial statements|17-20|
|Statement
offinancial|activities||21|
|Balance sheet|||22-23|
|Statement ofcash flows|||24|
|Notes to the financial|statements||25-58|
##
|Reference||and Administrative
Details ofthe Group, its Trustees|and Administrative
Details ofthe Group, its Trustees|and Administrative
Details ofthe Group, its Trustees|and Administrative
Details ofthe Group, its Trustees|and Administrative
Details ofthe Group, its Trustees|and Administrative
Details ofthe Group, its Trustees|and Administrative
Details ofthe Group, its Trustees|snd Advisers|snd Advisers|
|---|---|---|---|---|---|---|---|---|---|---|
|For the year ended 31|||December 2022||||||||
|Trustees|||Reverend
L Gaslon, Chairperson|||||(from|November|2022)|
||||Mrs J0 K Holt, Deputy||Chairperson||||||
||||Mr RJones, (Chairperson|||to November|||2022)||
||||Mr S Ali||||||||
||||Reverend
T N Crowe||||||||
||||Reverend
N Boumenjel||||||||
||||Mr
I Iqbal (resigned 15||April 2022)||||||
||||Mrs H Jones (resigned||1|September 2022)|||||
||||Reverend J G Richards||||||||
||||Reverend
W Sands (resigned
14 December 2022)||||||||
||||Honorary
Alderman S|C Stacey (resigned 14December 2022)|||||||
||||Mr A TVeilch||||||||
||||Councillor
D Harries||||||||
||||Councillor P C Tilsley|(appointed|||12May 2022)||||
||||Ms R Begum (appointed|||12 May|2022)||||
|Company|registered||||||||||
|number|||04425107||||||||
|Charity registered|||||||||||
|number|||1091937||||||||
|Registered||office|31 Old Brookside||||||||
||||Yardley Fields Road||||||||
||||Birmingham||||||||
||||West Midlands||||||||
||||B338QL||||||||
|Chief executive officer|||Mr D Healey (appointed||31 January|||2023)|||
||||Mrs M Ryatt (to November 2022)||||||||
||||Mr A Martin (resigned 29|||July 2022)|||||
|Independent||auditor|Dains Audit Limited||||||||
||||15Colmore Row||||||||
||||Birmingham||||||||
||||B32BH||||||||
|Bankers|||Lloyds Bank pic||||||||
||||125Colmore Row||||||||
||||Birmingham||||||||
||||B33SF||||||||
|Surveyora|||T Richardson||||||||
||||51 Derwent Road||||||||
||||Stlrchley||||||||
||||Birmingham||||||||
||||B302UY||||||||
##
|Solicitors||Anthony
Collins|Anthony
Collins|Solicitors LLP|
|---|---|---|---|---|
|||134 Edmund|Street||
|||Birmingham|||
|||B32ES|||
|||Brabnsrs LLP|||
|||Horton House|||
|||Exchange Flags|||
|||Exchange St|E||
|||Liverpool|||
|||L2 3YL|||
|Investment|advisers|Evelyn Partners||LLP|
|||103Colmore|Row||
|||Birmingham|||
|||B33AG|||
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||Value for Money metrics|||2022|2021|
|---|---|---|---|---|---|
||Reinvestment|||2.4%|0.416|
|Za/Zs|New supply delivered
(Social &Non-social|Housing|Units)|0.036|0.0)6|
||Gearing|||3.716|5.196|
|4|Earnings before interest, tax, depreciation,
major repairs included interest cover|amortisation,||-1578.2'Yo|1006.9'|
|s
ea|Headline
social housing cost per unit
Social Housing
Lettings Operating
Margin|||5,138
19.1'|5,313
12.8Yo|
|66|Overall Operating
Margin|||-11.516|7.296|
||Return on capital employed|||-3.9%|1.0Ya|
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|ess
other
rt:|wise
sta|ted|,
those n|amed|below
h|ave
hel|d office as from|1 January|2|022 up to the d|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Number of|
|||||||||||Board|
|||||||||Appointed|I|meetings|
|||||||||reappolnted||attended|
|||||||||OI1||2022 (max 11)|
|CoHipted|Trustees||||||||||
|Mr RJones||||||||i7-May-ia||11|
|Mrs J Holt|(Deputy Chairperson)|||||||29-Apr-21||9|
|MrSAli||||||||05-Dec-19||5|
|Mrs H Jones (resigned|||September 2022)|||||12-Sep-19||6|
|Mr
I Iqbal|(resigned|April 2022)||||||12-Sep-19||0|
|Reverend|J Richards|||||||17-May-18||10|
|Mr AVeitch||||||||06-Dec-18||10|
|Ms R Begum||||||||12-May-22||6|
|Nominated
Trustees|||appointed|by the|City of Birmingham||||||
|Honorary|Alderman|SStacey (resigned December 2022)||||||14-Mar-19|||
|Counmsor|P C Tilsley|||||||12-May-22|||
|ExHifflclo|Trustees||||||||||
|Reverend|N Boumeniek||Vicar, Church ofAscension,|||Hall Green||14-Mar-19||7|
|Reverend|T Crows:|Vicar, StJohns,||Sparkhis||||31-Aug-21||10|
|Reverend|LGaston:|Vicar, Christ Church,|||Yardley Wood (Chairperson)|||14-Mar-19||7|
|Reverend|W Sands:|Vicar, St Edburgha's,|||Yardley (resigned||December 2022)|11-Mar-17||0|
|Average|atlendance||at meetings|2022 (2021)||||||5714(55%)|
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##
||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2022|2022|2022|2022|2021|
|||Note|6|f||6||
|Income and endowments||||||||
|from:||||||||
|Donations
and legacies||4|110,665|||110,665|286,793|
|Charitable
activities||5|4,953,601|||4,953,601|4,994,088|
|Investment
income|||192,244|||192,244|133,241|
|Other income|||28,091|||28,091|37,607|
|Total income and||||||||
|endowments|||5,284,601|||5,284,601|5,451,729|
|Expenditure
on:||||||||
|Charitable
activities||8|5,697,407|112,804|103,415|5,913,626|5,447,357|
|Other expenditure||11|3,000|||3,000|4,000|
|Total expenditure|||5,700,407|112,804|103,415|5,916,626|5,451,357|
|Net (expenditure)/income||||||||
|before investments|||(415,806)|(112,804)|(103„415)|(632,025)|372|
|Net (losses)/gains|on|||||||
|investments|||(795,059)||(104,961)|(900,020)|670,834|
|Net (expenditure)fincome|||('I,210,865)|(112,804)|(208,376)|(1,532,045)|671,206|
|Transfers
between|funds|25|890,298||(890,298)|||
|Net movement
in|funds|||||||
|before other gains|||(320,56?)|(112,804)|(1,098,674)|(1,532,045)|671,206|
|Other recognised|gains:|||||||
|Actuarial
gains on defined||||||||
|benefit pension schemes||32|30,000|||30,000|76,000|
|Net movement
in|funds||(290,567)|(112,804)|(1,098,674)|(1,502,045)|747,206|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward|25|6,196,946|366,754|8,162,087|14,725,787|13,978,581|
|Net movement
in funds|||(290,567)|(112,804)|(1,098,674)|(1,502,045)|747,206|
|Total funds carried||||||||
|forward||25|5,906,379|253,950|7,063,413|13,223,742|14,725,787|
##
##
||||||Note||2022f||2021|
|---|---|---|---|---|---|---|---|---|---|
|Fixed assets||||||||||
|Housing
properties|||||15||7,886,592||7,913,537|
|Other tangible assets|||||17||230,327||236,283|
|Investments|||||||5,918,615||6,851,191|
|Investment
property|||||18||306,104||306,104|
||||||||14,341,638||15,307,115|
|Current assets||||||||||
|Stocks|||||20|||1,278||
|Debtors|||||21|525,178||338,769||
|Investments|||||22|200,352||||
|Cash at bank and|in hand|||||1,792,084||2,642,145||
|||||||2,517,614||2,982,192||
|Creditors: amounts|falling||due within one|||||||
|year|||||23|(760,286)||(577,158)||
|Net current assets|||||||1,757,328||2,405,034|
|Total assets less|current||liabilities||||16,098,966||17,712,149|
|Creditors: amounts|falling||due after more|||||||
|than one year|||||24||(2,875,224)||(2,933,362)|
|Net assets excluding||pension||liability|||13,223,742||14,778,787|
|Defined benefit pension||scheme||liability|32||||(53,000)|
|Total net assets|||||||13,223,742||14,725,787|
|Charity funds||||||||||
|Endowment
funds|||||25||7,063,413||8,162,087|
|Restricted funds|||||25||253,950||366,754|
|Unrestricted
funds|||||25||5,906,379||6,196,946|
|Total funds|||||||13,223,742||14,725,787|
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|f|f|
|Cash flows from operating|activities||||||
|Nst cash used
in operating|activities|||28|(605,305)|4,491|
|Cash flows from Investing|activities||||||
|Dividends,
interests
and rents from investments|||||192,244|133,241|
|Purchase oftangible
fixed assets|||||(227,067)|(107,497)|
|Proceeds from sale of investments|||||93,614|300,683|
|Purchase ofinvestments|||||(6,246)|(229,549)|
|Net cash provided
by investing
activities|||||52,545|96,878|
|Cash flows from financing|activities||||||
|Repayments
of borrowing|||||(19,138)|(17,398)|
|Net cash used in financing|activities||||(19,138)|(17,398)|
|Change
in cash and cash|equivalents|in|the year||(571,898)|83,971|
|Cash snd cash equivalents|at the beginning||ofthe year||2,765,682|2,681,711|
|Cash and cash equivalents|at the end|of|the year|29|2,193,784|2,765,682|
|The notes on pages 25 to 58 form part ofthese financial statements|||||||
##
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##
|valu|e, over its expecte|d useful economic life.|||||
|---|---|---|---|---|---|---|
|The|group depreciates|the major components|of its housing|properties at the following|annual|rates:|
||Main fabric||100years||||
||Roof structure|and covering|70years||||
||Windows
and external doors||30years||||
||Gas boilers||15years||||
||Kitchen||20 years||||
||Bathroom
and WCs||30years||||
||Mechanical
systems||30years||||
||Electrics||40 years||||
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##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022
6|2022f|
|Donations||10,791|10„791|
|Government|grants|99,874|99,874|
|||110,665|110,665|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||f.|6|
|Donations||875|875|
|Government|grants|285,918|285,918|
|||286,793|286,793|
##
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||6|6|
|Social Housing||1,314,218|1,314,218|
|Residential|Care|3,639,383|3,639,383|
|||4,953,601|4,953,601|
|||Unrestricted|Total|
|||funds|funds|
|||2021f|2021|
|Social Housing||1,280,854|1,280,854|
|Residential|Care|3,713,234|3,713,234|
|||4,994,088|4,994,088|
##
|Units
In|manageme|nt|||
|---|---|---|---|---|
||||2022|2021|
|Housing|units||206|206|
|Care home units|||69|69|
|Nursing|home units||46|46|
|Scheme|managers'|houses|2|2|
||||323|323|
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
||||6|
|Rent receivable||10,263|10,263|
|Dividends|and interest receivable|177,057|177,057|
|Bank interest receivable||4,924|4,924|
|||192,244|192,244|
|||Unrestricted|Total|
|||funds|funds|
|||2021f|2021
6|
|Rent receivable||21,906|21,906|
|Dividends|and interest receivable|111,035|111,035|
|Bank interest receivable||300|300|
|||133,241|133,241|
##
##
##
|||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|---|
|||funds|funds|funds|Total|
|||2022
6|2022
6|2022
E|2022f|
|Yardley Great Trust Group||4,405,134||79,211|4,484,345|
|Charity of|Job Marston|4,799|||4,799|
|Grey Gables||1,211,351|112,804|16,645|1,340,800|
|Colehaven|Trust|76,123||7,559|83,682|
|||5,697,407|112,804|103,415|5,913,626|
|||Unrestricted|Restricted|Endowment||
|||funds|funds|funds|Total|
|||2021|2021|2021|2021|
|||6|f|6||
|Yardley Great Trust Group||4,066,511|32,808|76,948|4,176,267|
|Charity of|Job Marston|9,952|||9,952|
|Grey Gables||1,196,227||26,872|1,223,099|
|Colehaven|Trust|28,788||9,251|38,039|
|||5,301,478|32,808|113,071|5,447,357|
##
##
##
##
|||Activities|Grant|||
|---|---|---|---|---|---|
|||undertaken|funding
of|Support|Total|
|||directly|activities|costs|funds|
|||2022|2022|2022|2022|
||||||6|
|Yardley Great Trust Group||3,734,663|96,422|653,260|4,484,345|
|Charity of|Job Marston|||4,799|4,799|
|Grey Gables||1,232,606||108,194|1,340,800|
|Colehaven|Trust|31,394||52,288|83,682|
|||4,998,663|96,422|818,541|5,913,626|
|||Activities|Grant|||
|---|---|---|---|---|---|
|||undertaken|funding
of|Support|Total|
|||directly|activities|costs|funds|
|||2021f|2021f|2021f|2021|
|Yardley Great Trust Group||3,634,449|68,528|473,290|4,176,267|
|Chadty of|Job Marston|96|4,887|4,969|9,952|
|Grey Gables||1,119,481||103,618|1,223,099|
|Colehaven|Trust|20,221||17,818|38,039|
|||4,774,247|73,415|599,695|5,447,357|
##
##
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022
6|2021f|
|Staff costs||||3,406,594|3,237,494|
|Agency costs||||294,323|440,411|
|Depreciation||||205,421|221,534|
|Catering||||188,178|159,948|
|Hygiene
and medical||||50,588|83,298|
|Cleaning,
laundry|and waste||disposal|154,586|127,006|
|Motor and travel||||11,761|28,465|
|Gardening
and grounds||maintenance||81,563|51,782|
|Equipment
hire||||37,372|42,867|
|Clothing
and uniforms|||||1,654|
|Training||||28,810|33,208|
|Health and safety||||54,816|41,618|
|Sundryexpenses||||81,150|14,153|
|Repairs and maintenance||||364,359|319,015|
|Registration
fees||||17,338|10,644|
|Loss on disposal|offixed|assets||60,654||
|Amortisation
ofsocial housing|||grant|(38,850)|(38,850)|
|||||4,998,663|4,774,247|
##
##
|||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||funds|funds|
|||||||||||2022f|2021|
|Investment
management||fees||||||||32,556|32,016|
|Insurance||||||||||46,903|39,898|
|Heat and light||||||||||403,200|223,887|
|Bank charges||||||||||3,808|5,007|
|Audit and accountancy|fees|||||||||28,480|18,641|
|Legal and professional|fees|||||||||44,667|43,266|
|Postage, telephone
and|stationery|||||||||60,911|62,925|
|Rent and rates||||||||||121,224|98,408|
|Loan interest||||||||||44,377|35,556|
|Sundryexpenses||||||||||32,415|40,091|
|||||||||||818,541|599,695|
|Grants awarded
by Yardley Great Trust during 2022||||||||||||
||||||||||||2022|
|The Springfield
Project|- to help|||towards|running|costs of the food pantry|||||9,920|
|Narthex - to help with the||cost ofthe food|||bank||||||10,000|
|The Coffee Morning - to provide||||events forfamilies who|||could otherwise|||not afford a trip to||
|the cinema|||||||||||600|
|Glebe Farm Library - to|support|||summer|reading|challenge||activities,|up|to 100children||
|supported
with the end ofscheme event|||||||||||500|
|Birmingham
8 Solihull Womens||||Aid - to support||women|and|children|in their shelter within|||
|the Ancient Parish|||||||||||5,000|
|Langley School - to provide|||skills to reduce food|||cost|||||200|
|Grants to organisations|||||||||||26,220|
|Moieties: money distributed|||on behalf oftrustees||||||||3,750|
|Grants to families/individuals|||||||||||66,452|
|Total grants awarded|||||||||||96,422|
##
##
##
##
##
|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2022|2022|
|Social Housing|||Pension Scheme costs|||3,000|3,000|
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2021f|2021|
|Social Housing|||Pension Scheme costs|||4,000|4,000|
|Auditor's|remuneration|||||||
|||||||2022|2021|
|Fees payable|||to the Group's|auditor|for the audit ofthe Group's annual|||
|accounts||||||19,695|18,038|
|Fees payable|||to the Group's|auditor|in respect of:|||
|All non-audit||services not included|||above|665|605|
##
##
##
##
||2022f|2021f|
|---|---|---|
|Wages and salaries|3,125,007|2,979,427|
|Social security costs|218,575|172,214|
|Pension costs|63,013|85,853|
||3,406,595|3,237,494|
||||As restated|
|---|---|---|---|
|||2022|2021|
|||No.|No.|
|Scheme manager,|care and maintenance|56|43|
|Care home staff||97|74|
|Other staff||5|5|
|||158|122|
##
##
##
##
|Housing
properties||
|---|---|
||Housing|
||propertiesf|
|Cost||
|At 1 January 2022|11,003,535|
|Additions|189,587|
|Disposals|(88,121)|
|At 31 December 2022|11,105,001|
|Depreciation||
|At 1 January 2022|3,089,998|
|Charge for the year|155,877|
|On disposals|(27,466)|
|At 31 December 2022|3,218,409|
|Net book value||
|At 31 December 2022|7,886,592|
|At 31 December 2021|7,913,537|
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
|Carrs Lane Gardens|||47|47|
|Old Brookside|||67|67|
|Yardlay Gardens|||10|10|
|Greswold
House|||29|29|
|Cottrells Close|||10|10|
|Foliot Fields|||31|31|
|Greswold
Gardens|||30|30|
|Yardley Grange
Nursing||Home|46|46|
|Grey Gables Care Home|||40|40|
|Colehaven
Cottages|||11|11|
|Scheme managers'|houses||2|2|
||||323|323|
##
##
||Freehold||Trust, GHS|Fixtures and||
|---|---|---|---|---|---|
||land and|Motor|&YGNH|office||
||buildingsf|vehicles|equipment
f|equipment|Total
6|
|Cost||||||
|At 1 January 2022|129,933|25,250|534,154|1,149,033|1,838,370|
|Additions|||37,480||37,480|
|At 31 December 2022|129,933|25,250|571,634|1,149,033|1,875,850|
|Depreciation||||||
|At 1 January 2022|49,659|19,894|471,195|1,061,339|1,602,087|
|Charge for the year|1,759|1,339|21,167|19,171|43,436|
|At 31 December 2022|51,418|21,233|492,362|1,080,510|1,645,523|
|Net book value||||||
|At 31 December 2022|78,515|4,017|79,272|68,523|230,327|
|At 31 December 2021|80,274|5,356|62,959|87,694|236,283|
##
##
##
||Freehold|
|---|---|
||investment|
||property|
|Valuation||
|At 1 January 2022|306,104|
|At 31 December 2022|306,104|
##
|Fixed asset investments||||
|---|---|---|---|
|||2022|2021|
|Valuation||||
|At 1 January||6,727,654|6,208,754|
|Additions||6,246|229,549|
|Disposals||(147,543)|(252,334)|
|Revaluations||(869,090)|541,685|
|||5,717,267|6,727,654|
|Cash held by investment|managers|201,348|123,537|
|At 31 December||5,918,615|6,851,191|
|||2022|2021|
|Historical cost||3,979,401|4,110,825|
##
##
##
||||2022|2021|
|---|---|---|---|---|
||||6||
||Materials|and consumables||1,278|
|21.|Debtors||||
||||2022
6|2021f|
||Trade debtors||206,018|140,730|
||Amounts|owed by linked charities|256,177|86,177|
||Other debtors||5,796|13,658|
||Prepayments
and accrued income||57,187|98,204|
||||525,178|338,769|
|22.|Current asset investments||||
||||2022|2021|
||||6||
||Cash held|on deposit|200,352||
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||F||
|Housing|loans||||18,289|18,139|
|Trade creditors|||||179,412|159,785|
|Amounts|owed to linked charities||||256,177|86,177|
|Other taxation and||social|security|||50,084|
|Other creditors|||||27„098|25,102|
|Accruals|and deferred
income||||279,310|237,871|
||||||760,286|577,158|
||||||2022|2021|
||||||6||
|Deferred|income at 1 January 2022||||65,620|75,124|
|Resources deferred||during|the year||51,057|65,620|
|Amounts|released|from previous||periods|(65,620)|(75,124)|
||||||51,057|65,620|
##
##
##
##
||||2022|2021|
|---|---|---|---|---|
|Housing|loans||433,864|453,152|
|Deferred|income||2,441,360|2,480,210|
||||2,875,224|2,933,362|
|Included|within the above are amounts|falling due as follows:|||
||||2022f|2021|
|Between|one and two years||||
|Housing|loans||18,139|18,139|
|Between|two and five years||||
|Housing|loans||54,418|54,418|
|Over five years|||||
|Housing|loans||361,307|380,595|
|The aggregate|The aggregate|amount|amount|of liabilities|of liabilities|payable or repayable|wholly|or in part more than five|years after the|
|---|---|---|---|---|---|---|---|---|---|
|reporting|date|is:||||||||
|||||||||2022|2021|
|||||||||f|6|
|Payable|or repayable||by|instalments||||361,307|380,595|
|Social housing||grant|releasable||to|income||2,285,960|2,324,810|
|||||||||2,647,267|2,705,405|
##
##
##
|Statement of|funds|- current year||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Balance at|
|||Balance at 1|||||||31|
|||January||||Transfers|Gains/||December|
|||2022
6|Income
6|Expenditure|f|in/(out)f|(Losses)
E||2022|
|Unrestricted|funds|||||||||
|Designated
funds||||||||||
|Yardley Great|Trust|||||||||
|-Contingeny|fund|714,575|||||||714,575|
|Yardley Great|Trust|||||||||
|- Extraordinary||||||||||
|repair fund -|other|||||||||
|buildings||50,500|||||||50,500|
|Yardley Great|Trust|||||||||
|-Development||||||||||
|fund||2,899,569|||||||2,899,569|
|Yardley Great|Trust|||||||||
|Group
—Furniture||||||||||
|and equipment||||||||||
|fund||107,017||||(24,185)|||82,832|
|Colehaven
Trust-||||||||||
|Residents'
leisure||||||||||
|fund||3,626|||||||3,626|
|Grey Gables-||||||||||
|Property fund||||||904,577|||904,577|
|||3,775,287||||880,392|||4,655,679|
|General funds||||||||||
|Charity ofJob||||||||||
|Marston||(1,446)|10,493|(4,799)|||||4,248|
|Colehaven
Trust||219,319|97,497|(76,123)|||(13,269)||227,424|
|Grey Gabies||(39,590)|925,249|(1,090,330)||(14,279)|-||(218,950)|
|Yardley Great|Trust|2,088,270|2,315,838|(2,093,161)||24,185|(751,790)||1,583,342|
|Yardley Great|Trust|||||||||
|Group||155,106|1,935,524|(2,435,994)|||||(345,364)|
|||2,421,659|5,284,601|(5,700,407)||9,906|(765,059)||1,250,700|
|Total Unrestricted||||||||||
|funds||6,196,946|5,284,601|(5,700,407)||890,298|(765,059)||5,906,379|
##
##
##
|Statement offunds|(continued)|||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||Balance at 1||||||31|
||January||||Transfers|Gains/|December|
||2022f|Income
5|Expenditure|f|in/(out)
6|(Losses)
6|2022|
|Endowment
funds||||||||
|Charity ofJob||||||||
|Marston|838,352|||||(104,961)|733,391|
|Colehaven
Trust|618,159||(7,559)||||610,600|
|Grey Gables-||||||||
|Bailey Cox||||||||
|memorial
fund|906,943||(16,645)||(890,298)|||
|Yardley Great Trust|5,798,633||(79,211)||||5,719,422|
||8,162,087||(103,415)||(890,298)|(104,961)|7,063,413|
|Restricted funds||||||||
|Grey Gables - Ellen||||||||
|Stanley Coleman||||||||
|Rhodes fund|59,561||(59,561)|||||
|Grey Gables-||||||||
|Residents
fund|53,243||(53,243)|||||
|Yardley Great Trust||||||||
|- Extraordinary||||||||
|repair fund—||||||||
|Almshouses|253,950||||||253,950|
||366,754||(112,804)||||253,950|
|Total offunds|14,725,787|5,284,601|(5,916,626)|||(870,020)|13,223,742|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Statement of|funds -|prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||||31|
|||1 January|||Transfers|Gains/|December|
|||2021|Income|Expendituref|in/out|(Losses)
6|2021f|
|Unrestricted|funds|||||||
|Designated
funds||||||||
|Yardley Great|Trust-|||||||
|Contingeny|fund|714,575|||||714,575|
|Yardley Great|Trust-|||||||
|Extraordinary||||||||
|repair fund - other||||||||
|buildings||55,000||(4,805)|305||50,500|
|Yardley Great|Trust-|||||||
|Development|fund|3,149,569|||(250,000)||2,899,569|
|Yardley Great|Trust|||||||
|Group - Furniture||||||||
|and equipment||||||||
|fund||41,290|||65,727||107,017|
|Colehaven
Trust-||||||||
|Residents'
leisure||||||||
|fund||3,626|||||3,626|
|Grey Gables-||||||||
|Properly fund||||||||
|||3,964,060||(4,805)|(183,968)||3,775,287|
|General funds||||||||
|Charity ofJob||||||||
|Marston|||8,506|(9,952)|||(1,446)|
|Colehaven
Trust||151,628|83,804|(28,788)||12,675|219,319|
|Grey Gables||36,380|1,120,257|(1,196,227)|||(39,590)|
|Yardley Great|Trust|847,139|2,193,651|(1,853,862)|231,292|670,050|2,088,270|
|Yardley Great|Trust|||||||
|Group||321,439|2,045,511|(2,211,844)|||155,106|
|||1,356,586|5,451,729|(5,300,673)|231,292|682,725|2,421,659|
|Total Unrestricted||||||||
|funds||5,320,646|5,451,729|(5,305,478)|47,324|682,725|6,196,946|
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at|||||31|
|||1 January|||Transfers|Gains/|December|
|||2021|Income|Expenditure
6|in/outf|(Losses)
F.|2021f|
|Endowment
funds||||||||
|Charity ofJob||||||||
|Marston||774,243||||64,109|838,352|
|Colehaven
Trust||627,410||(9,251)|||618,159|
|Grey Gables -|Bailey|||||||
|Cox memorial|fund|933,815||(26,872)|||906,943|
|Yardley Great Trust||5,905,365||(76,948)|(29,784)||5,798,633|
|||8,240,833||(113,071)|(29,784)|64,109|8,162,087|
|Restricted funds||||||||
|Grey Gables -|Ellen|||||||
|Stanley Coleman||||||||
|Rhodes fund||59,561|||||59,561|
|Grey Gables-||||||||
|Residents
fund||53,243|||||53,243|
|Yardley Great Trust-||||||||
|Extraordinary|repair|||||||
|fund - Almshouses||304,298||(32,808)|(17,540)||253,950|
|||417,102||(32,808)|(17,540)|-|366,754|
|Total offunds||13,978,581|5,451,729|(5,451,357)||746,834|14,725,787|
##
##
##
|Summary|offund|s - current year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||||31|
|||January|||Transfers|Gains/|December|
|||2022f|Income|Expendituref|in/outf|(Losses)
6|2022|
|Designated|funds|3,775,287|||880,392||4,655,679|
|General funds||2,421,659|5,284,601|(5,700,407)|9,906|(765,059)|1,250,700|
|Endowment|funds|8,162,087||(103,415)|(890,298)|(104,961)|7,063,413|
|Restricted|funds|366,754||(112,804)|||253,950|
|||14,725,787|5,284,601|(5,916,626)||(870,020)|13,223,742|
|Summary|offunds|- prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at|||||31|
|||1 January|||Transfers|Gains/|December|
|||2021f|Income
6|Expenditure
6|in/out|(Losses)f|2021
6|
|Designated|funds|3,964,060||(4,805)|(183,968)||3,775,287|
|General funds||1,356,586|5,451,729|(5,300,673)|231,292|682,725|2,421,659|
|Endowment|funds|8,240,833||(113,071)|(29,784)|64,109|8,162,087|
|Restricted|funds|417,102||(32,808)|(17,540)||366,754|
|||13,978,581|5,451,729|(5,451,357)||746,834|14,725,787|
##
##
##
##
|Analysis|ofnet assets between funds - c|urrent year||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||2022f|2022
F.|2022
f|2022f|
|Tangible|fixed assets|230,327|||230,327|
|Housing|properties|4,068,370||3,818,222|7,886,592|
|Fixed asset investments||2,105,114|253,950|3,559,551|5,918,615|
|Investment
properiy||191,104||115,000|306,104|
|Current|assets|2,494,971||22,643|2,517,614|
|Creditors|due within one year|(742,147)||(18,139)|(760,286)|
|Creditors|due in more than one year|(2,441,360)||(433,864)|(2,875,224)|
|Total||5,906,379|253,950|7,063,413|13,223,742|
##
|Analysis|of net assets between|funds - pri|or year||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|funds|
||||2021
6|2021|2021f|2021|
|Tangible|fixed assets||204,922||31,361|236,283|
|Housing|properties||3,678,890||4,234,647|7,913,537|
|Fixed asset investments|||2,543,963|253,950|4,053,278|6,851,191|
|Investment
property|||8,604||297,500|306,104|
|Current|assets||2,852,806|112,804|16,582|2,982,192|
|Creditors|due within one year||(559,019)||(18,139)|(577,158)|
|Creditors|due in more than one|year|(2,480,220)||(453,142)|(2,933,362)|
|Defined|benefit pension scheme|liability|(53,000)|||(53,000)|
||||6,196,946|366,754|8,162,087|14,725,787|
##
##
||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|Net
(expenditure)/income||for the||year|(as|per|Statement|of financial|||
|activities)|||||||||(1,532,045)|671,206|
|Adjustments
for:|||||||||||
|Depreciation
charges|||||||||199,313|221,534|
|Losses/(gains)
on investments|||||||||900,020|(670,834)|
|Dividends,
interests|and rents||from|investments|||||(192,2441|(133,241)|
|Loss on the sale of|fixed assets||||||||60,654||
|Decrease
in stocks|||||||||1,278||
|Increase
in debtors|||||||||(186,409)|(36,000)|
|Increase/(decrease)|in creditors||||||||144,128|(48,174)|
|Net cash provided|by/(used||in) operating||activities||||(605,305)|4,491|
##
||||2022|2021|
|---|---|---|---|---|
|Cash|in hand||1,792,084|2,642,145|
|Cash|held by investment|managers|201,348|123,537|
|Cash|held on deposit||200,352||
|Total|cash and cash equivalents||2,193,784|2,765,682|
##
|||||At 1||Other non-|At 31|
|---|---|---|---|---|---|---|---|
|||||January||cash|December|
|||||2022|Cash flows|changes|2022|
||||||E||E|
|||||E||||
|Cash|at bank and||in hand|2,642,145|(850,061)||1,792,084|
|Debt|due within|1|year|(18,139)|19,138|(19,288)|(18,289)|
|Debt|due after|1 year||(453,152)||19,288|(433,864)|
|Cash|held on deposit||||200,352||200,352|
|||||2,170,854|(630,571)||1,540,283|
##
##
##
##
##
##
||||At 31|At 31|
|---|---|---|---|---|
||||December|December|
||||2022|2021|
||||0/||
|Discount|rate||5.06|1.83|
|Future salary increases|||3.70|3.96|
|Inflation|assumption|(RPI)|3.19|3.49|
|Intlation|assumption|(CPI)|2.70|2.96|
||At 31|At 31|
|---|---|---|
||December|December|
||2022|2021|
||Years|Years|
|Mortality rates (in years)|||
|-for a male aged 65 now|21.1|21.6|
|- at 65for a male aged 45 now|22.4|22.9|
|-for a female aged 65now|23.7|23.5|
|-at 65for a female aged 45 now|25.2|25.1|
|The Grou|p's share of the assets
in the scheme was:|||
|---|---|---|---|
|||At 31|At 31|
|||December|December|
|||2022|2021|
|||6'000|F.'000|
|Global Equity|||171|
|Absolute|Return||43|
|Infrastructure|||57|
|Corporate|Bond Fund||61|
|Alternative|Risk Premia||34|
|Secured|Income||29|
|Emerging|Markets Debt||31|
|Risk Sharing|||27|
|Liability Driven Investment|||276|
|Other investments|||188|
|Totalfair|valueofassets||917|
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||F.'000|f.'000|
|Interest income|||||||9|11|
|Interest cost|||||||(10)|(13)|
|Administrative
expenses|||||||(2)|(2)|
|Total amount recognised|in the|Statement|offinancial|activities|||(3)|(4)|
|Movements
in the present value ofthe defined|||benefit obligation|||were as follows:|||
|||||||||2022|
|||||||||9'000|
|Opening
defined
benefit obligation||||||||970|
|Interest expense||||||||10|
|Actuarial
gains due to experience,||demographic
and financial|||assumptions|||(129)|
|Losses on curtailments||||||||(853)|
|Administrative
expenses||||||||2|
|Closing defined benefit obligation|||||||||
|Movements
in the fair value ofthe||Group's share ofscheme|||assets were as follows:||||
|||||||||2022|
|||||||||f.'000|
|Opening
fair value ofscheme assets||||||||917|
|Interest income||||||||9|
|Experience
on plan assets||||||||(99)|
|Employer
contributions||||||||26|
|Benefits paid||||||||(853)|
|Closing fair value ofscheme assets|||||||||
##
##
||2022|2021|
|---|---|---|
||F|6|
|Recharge ofexpenses|||
|Grey Gables||33,851|
|Charity ofJob Marston||10,050|
|||43,901|
||2022
8|2021f|
|---|---|---|
|Balances due to the Yardley Great Trust Group|||
|Charity ofJob Marston|10,050|10,050|
|Grey Gables|246,127|76,127|
||256,177|86,177|
##