HOUSING STUDIES CHARITABLE TRUST REGISTERED CHARITY No. 1095480 FINANCIAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021
Thornby Associates The Old Rectory, Church Lane Thornby Northampton NN6 8SN
HOUSING STUDIES CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021
| Registered Charity Number | 1095480 |
|---|---|
| Trustees | |
| J. Flint | A. Murie |
| P. Kemp | D. Robinson |
| C. Leishman | A. Wallace |
| A. Marsh | P.Williams |
| M.Munro |
Correspondence Address
12 Southborough Close Surbiton Surrey KT6 6PU Accountants Thornby Associates The Old Rectory Church Lane Thornby Northampton NN6 8SN
Bankers
Lloyds TSB 34 Aston Triangle Aston University Birmingham B4 7HZ
Objects of the Charity
To promote and disseminate research in the field of housing studies, through its publication ‘Housing Studies’ and other activities, to stimulate national and international debate on policies to improve housing provision
The Charity is governed by its Trust Deed dated 1st November 2002, superseded by a further deed issued in 2009.
HOUSING STUDIES CHARITABLE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021
Review of Activities for the Period
Total editorial and royalty income from the publishers for 2021 was up on the previous year at £103,678. On the expenditure side, the main costs were, as previously, journal support & legal and administration expenses.
Overall the accounts show a surplus of receipts over payments of £51,998. We have continued to delay opening a further fixed term deposit and as a consequence total cash and bank balances stood at a healthy £287,754.60 at the end of 2021.
No new trustees were appointed at the 2020 AGM. However, the Trustees plan to renew the membership over time and we can thus expect further change. With 9 trustees now in place we are well placed to do this.
The 5 year agreements with the Housing Studies Association (HSA, for bursaries) and the Chartered Institute of Housing (for support of the annual UK Housing Review) continued and are now in their final year.
As noted in previous reports an increased budget for the editors of Housing Studies had been settled alongside a memorandum of understanding between the Trustees and the Editors regarding the respective roles of both parties in terms of the publication of the publication of the journal
The pandemic did result in some rescheduling/reworking of grants previously agreed. The Trustees agreed to adopt a policy of flexibility so that grants could be rescheduled/repurposed - as long as they continued to meet the Trust's charitable objectives.
Alex Marsh was Chair of the HSCT in 2021. Peter Williams stood down as secretary/treasurer after the 2021 AGM although remaining on the Board. A consultant Heather Sugden was appointed to carry out these duties. Unfortunately after a very successful start a change in her own plans meant she could no longer continue in this role. After further discussion and consideration of the options the Trustees appointed Thornby Associates to take on this role and would begin work in April/ May 2022.
Peter Kemp took on the role of Secretary after the 2021 AGM and Christopher Leishman became Treasurer. Alex Marsh maintained regular contact through the year with the other trustees , not least via virtual meetings. The annual return to the Charities Commission was submitted in accordance with the requirements.
Signed on behalf of the Trustees
Alex Marsh Chairman
Dated:
HOUSING STUDIES CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
OF THE HOUSING STUDIES CHARITABLE TRUST
I report on the accounts of the Housing Studies Charitable Trust for the year ended 31st December 2021 which are set out on pages 4 and 5.
Respective Responsibilities of trustees and examiner
As the trustees of the charity you are responsible for the preparation of the financial statements.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by Section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Philip Lickfold Accountant Thornby Associates The Old Rectory Church Lane Thornby Northampton NN6 8SN
Dated:
HOUSING STUDIES CHARITABLE TRUST
REGISTERED CHARITY No. 1095480
STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31ST DECEMBER 2021
| CASH FUNDS Lloyds Current Account DEBTORS LIABILITIES SURPLUS OF ASSETS OVER LIABILITIES Approved by the Board of Trustees Peter Williams - Treasurer Dated: |
2021 £ 339,253 - - 339,253 |
2020 £ 287,755 - 500 |
|---|---|---|
| 287,255 | ||
HOUSING STUDIES CHARITABLE TRUST
REGISTERED CHARITY No. 1095480
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2021
| Operating Activities Royalties received Editorial expenses received Investment Income Deposit account Interest TOTAL RECEIPTS Support Costs Grants made Housing Studies Association Bursaries Housing Studies Association Seminars Chartered Institute of Housing for support of annual UKHR Sheffield Hallam University - Housing Studies editorial support Management and Administration Costs Bank charges Professional & Legal fees Administration expenses TOTAL PAYMENTS SURPLUS OF RECEIPTS OVER PAYMENTS Net assets at 1st January 2021 Net assets as at 31st December 2021 |
2021 £ £ 46,863 56,815 103,678 - 103,678 - - 50,000 580 1100 1680 51,680 51,998 287,255 339,253 |
2020 £ £ 44,518 56,815 101,333 - 101,333 - . - 10,000 61,000 - 480 - 480 71,480 29,853 257,402 287,255 |
2020 £ £ 44,518 56,815 101,333 - 101,333 - . - 10,000 61,000 - 480 - 480 71,480 29,853 257,402 287,255 |
|---|---|---|---|
580 1100 |
- 480 - |
||
| 101,333 | |||
| - . - 10,000 61,000 480 |
|||
| 71,480 | |||
| 29,853 257,402 |
|||
| 287,255 |