Goodwin Development Trust
Annual Report and Financial Statements
For the year ended 31 March 2021
Charity number: 1098520
Company number: 04454814
Homes and Communities Agency registratlon number: 4799

Goodwin Development Trust (A Company limited by Guarantee)
CONTENTS
Company Information............................ ...........
Strategic Report for the year ended 31 March 2021
Board Report and Operating and Financial Review for the year ended 31 March 2021...........
Independent auditovs report to the members, as a body, of Goodwin Development Trust..10
Consolidated Statement of Comprehensive Income for the year ended 31 March 2021 .
.14
Consolidated Statement of Financial Position as at 31 March 2021
.15
Statement of Changes in Equity for the year ended 31 March 2021........................................16
Consolidated Statement of Cashflows for the year ended 31 March 2021
.17
Notes to the Financial Statements for the year ended 31 March 2021.................................
.18

Goodwin Development Trust (A Company limited by Guarantee)
Company Information
Chairperson
S Igoe
Dlrectors
S Igoo (Chairl
A Guney
K Ainley
L Dimanle
M Berin (Appointed 8 June 20211
M Tymczak (Appointed 17 June 20211
A Heddle (resigned 10 November 2020}
N Balare (resigned 10 November 20201
Company secretary
D Hamilton
Reglstered Offico
The Octagon
Walker Street
Hull
HU3 2RA
Sollcltors
Rollits
Wilberforce Court
High Street
Hull
HU1 1YJ
Bankers
Handelsbanken
Hull Marina Court
18 Marina Court
Castle Street
Hull
HU1 1TJ
Audltors
Armstrong Walson Audit Limited
Third Floor
10 South Parade
Leeds
LS1 5QS
Key management
Andrea Mennell

Goodwin Development Trust (A Company limited by Guarantee)
Strategic Report for the year ended 31 March 2021
REVIEW OF BUSINESS
We began this financial year in a national lockdown as a result of the Government's response lo the worldwide
Covid-19 pandemic, and at the time of going into lockdown, were led to believe it would last a maller of weeks.
As we sign off these accoLJnls, the country has only just lifted reslriclions allogelher, and we now begin our
slow and steady return to usual business, closely lollowing Government guidelines.
Despite financial support, many businesses became casualties of the pandemic. Goodwin was in a fortunate
position lo be able to respond quickly and effectively to the rapidly changing operating environment and was
able lo ensure all staff and beneliaaries were kept safe and away from unnecessary risk. All staff teams
adapted to working from home. online and over the telephone.
Our strength has always been grounded in a combination of our dedicated, hard-working staff team, supported
by our wide and diverse range of activities and funding sources. This was tested lo ils limit in the first quarter
of FY 2020121 and we went from strength lo strength, pulling together not only as a group of staff and
volunteers, bul as a community and as a key partner with the local authority in the shape of one of the three
food parcel distribution ￿nIres. with Go(xlwin playing a key role with food banks in the city through the
lockdown.
Linked with this, our Fareshare project saw uNPre￿denled levels of both food donations and requests for
food, from our 150+ Community Food Members, serving those people most in need. Food distribution in April
2020 was 155 tonnes, compared with April 2019 37 lonnes. This equated lo 369,507 me81s in April 2020. In
the full financial year. we redislribuled enough food to provide 3.5 million meals.
As a board. we are incredibly proud of the way all of our staff and volunteers pulled together throughout this
exceptional period and continued lo deliver mLJch needed services to the community.
The current year's results refle¢l the charity's continued response to meeting the needs of the community, and
being responsive lo the changes in those needs, and the funding available to help us meet them. Whilst
delivering our services. we also continued our review of our assets, and were successful in the sale of the
Queen House apartments. which were our last non-social housing units. The disposal, along with the
additional Covid-relaled funding during the year puts us in the fortunate position of reporting a surplus for the
year, with a strong balance sheet to carry us into the next year.
PRINCIPAL RISKS AND UNCERTAINTIES
There has been a comprehensive review of the risk register 2nd other governance documents undertaken
during the year, as part of a continuous review schedule, and a revised focus following the response lo the
Covid-19 Pandemic.
The Board continue lo effectively use the services of their independent financial advisor, and have undertaken
a series of Structur￿ training courses during the year.
GOING CONCERN
In spite of the current balance sheet position, the Board remain confident that Goodwin is a Going COn￿rn.
We have restructuring plans prepared for certain areas of the organisation, should action be required, and our
main debt lies with Hull City Council in respect of the loan taken out lo finance the new housing scheme. This
facility is secured on the housing scheme and could, if needed, be settled by a transfer of the property if any
unforeseen circumstances occur.
Throughout the pandemic period, the Board have had a monthly review of the rolling 12 month reforecast. a
13 week cashflow, and a long term cashflow and forward plan. all of which show that the group is a going
COn￿rn. and has many routes lo suslainabilily, through income growth, cost reduction or, most likely. a
combination of both.
The past year has given the Board an opportunity to refocus, and the budget for the next financial year shows
a clear path to achieving a break even re5LJIt. This is our first slep to turning around and beginning lo rebuild
our reserves position. Compared lo previous years, we are confident in our reserves position.

Goodwin Development Trust (A Company limited by Guarantee)
DEVELOPMENT AND PERFORMANCE
Goodwin has continued lo develop ils delivery programme and ils strategy, with focus on sustainability and
delivery of the Trust's objectives. The Strategic Business Plan has been reviewed and updated, and inroads
have been made lo new housing developments. and supported housing provision, both of which will generate
a stable income stream for the Trust, contributing to the sustainability of the Trust which is in line with our
Strategic Business Plan.
FINANCIAL KEY PERFORMANCE INDICATORS
The Board have established certain key performance indicators IKPI'S) which are important for monitoring
monthly results against budget and re-forecasl and monthly cash flow figures at the Finance Sub Committee.
As part of this monitoring process the Trustees review incoming resources and expenditure against budget,
and challenge and investigate signifKant variances. Staff have been working incredibly haid towards the
challenges sel by Trustees.
NON FINANCIAL KEY PERFORMANCE INDICATORS
Goodwin operates a sel of non financial KPI'S for each project. which are reported quarterly to the External
SLJb Committee.
ON BEHALF OF THE BOARD
Sharon Igoe - Chairperson
Date.. 3 11

Goodwin Development Trust (A Company limited by Guarantee)
Board Report and Operating and Financial Review for the year ended 31 March 2021
BOARD MEMBERS
The directors ol the charitable company (the charilyl are its Trustees for the purpose of charity law and
throughout this report are collectively referred to as the Trustees.
The Trustees servlng during the year and up to the date of signing this report were as follows..
S Igoe {Chairl
A Guney
K Ainley
A Heddle (resigned 10 November 20201
N Batare (resigned 10 November 2020)
L Dimanle
M Berin (Appointed 8 June 2021)
M Tymczak IAppoinled 17 June 20211
NATURE OF THE BUSINESS. OBJECTIVES AND STRATEGIES
Vision & Mission
The charity's vision is of a diverse and thriving community within which everyone has the opportunity to benefit
from, and contribute lo, the wellbeing of the community on a fair and equal basis and as a locally controlled
Development Trust we are commilled lo improving the quality of life in our community.
Values
The Trustees have composed an explicit a set of values which will govern the charity's behaviours both
internally and externally and provide a framework 2gainsl which both we, and those we deal with, can measure
our performance.
We will be honest & fair in all we do
We will listen lo and lo learn from all those we work with and for
We will encourage innovative & entrepreneurial behaviour, always seeking new and better ways to do things
We will show respect for our community, our slafl, our volunteers and our partners
We will be a champion for equality and opportunity for all
Slrale
ic Priorities for 2021-26
To be a fair and trusted employer who values our people.
To fight poverty in all ils forms within our community.
To be financially strong and sustainable.
To care for the health and wellbeing of our community.
To provide and support access to education, training, and employment opportunities.
To make our community safe. resilient and a happy place lo be.
PERFORMANCE IN THE PERIOD, MAIN INFLUENCES AND POTENTIAL RISKS
The Trust's overarching objective is to improve the quality of life of the residents of Hull and surrounding areas.
The Trustees recognise their obligation to demonslrale the public benefit of the charity and are aware of the
Charity Commission guidance. The charity delivers public benefit by operating projects across a broad
spectrum of social interventions that serve lo meet the charity's strategic objectives. In 2020121, the
performance is reported against the Trust's Strategic Priorities

Goodwin Development Trust (A Company limited by Guarantee)
To be a falr and trusted em
lo
er
The Board are pleased lo report that as well as implementing the National Minimum Wage increase at the
start of the year. Goodwin was also able lo improve the salary banding structure for all the employees. The
Trust made use of the Government's furlough scheme throughout the year, and as a result, we had no
redundancies occurring as a result of the Covid-19 pandemic.
Staff retention levels are good, and the Trust continues to develop its staff through in-house and external
training.
Tofi
ht
overt In all its forms within our communi
Faresharè Hull & Humber
The project has contributed lo over 3.5 million meals over the last year, redislribuling 1746 lonnes of food in
the 12 month period. As the pandemic hil, and the need for food became much greater, Fareshare became a
lifeline to thousands of people in the city through our food network.
We received a number of grants lo assist with the volumes of food, and the increased demand through the
last year. These included WRAP Ilhe Vvasle and Resources Action Group), ERC Local Community Aid,
Sainsburys, Hull Daily Mail. Albert Gubey Foundation, Re¢kill Benckiser, Asda Foundation and TNLCF. These
grants also allowed us lo move lo new premises at the end of the financial year, providing us a more up to
dale waiehouse, with training facilities and officeslmeeting rooms.
Youth Employment Inltlative (YEI) / Create to Chang9 /Family Futures /Befriending
We run a number of successful projects which serve the community and exist to engage the economically
inactive and Ih05e suffering with hidden disabilities, such as mental health. Over the past year, these projects
have provided essential lifelines for the most vulnerable people on our estate.
To
rovide affordable and sustainable homgs.
We are incredibly proud of the continued 1000/0 occupancy of our portfolio of Social Housing.
We are pleased that we are a fully compliant Registered Housing provider with Investment Partner status. We
hope lo use this status in the future lo allow us lo provide tangible support for other organisalions wishing to
become Registered Providers and lo apply for funding from Homes England.
We continue to explore new opportunities for creating additional, good quality, affordable homes.
To be financiall stron
and stable
We are confident in the continuing success of Goodwin. Our diverse income streams including the rental
income from our social housing stock ensures we can continue to grow and consolidate our position, We also
have robust financial prO￿dureS and risk management in place which are overseen by a monthly Audit and
Finance subcommittee.
To care for the health and wellbein
of our communi
and all of the individuals within it
Children's C8ntrés
Goodwin continues lo deliver the Children's Centre provision out of Fenchurch, Marvell and the Octagon.
Goodwin works closely with Hull City Council, the contract provider, lo ensure that the Children's Centre
provision remains ￿ntral lo changes to the safeguarding and early help seNices in Hull.
Nurs9ri0S
Our nurseries are both Ofsled raled"Good" and we are continuing to build on our quality learning environments
both inside and out focussing on the communicating friendly spa￿S approach. Whilst our nurseries had lo
close for the initial period of the lockdown al the start of the year, we SUC￿$sfUllY reopened both nurseries
safely within the Government guidelines and with support from Hull City Council.

Goodwin Development Trust (A Company limited by Guarantee)
Youth Provision
The delivery ol our setvice is underpinned by the National Occupational Standards for Youth Work practice
and aims to facilitate the personal, social and educational development of young people. We also engage with
our young people through the Youth Arts Takeover and Youth Music projects.
Doul? /BFPS
The Doula and Breaslfeeding Peer Support Service IBFPSI has continued lo deliver excellent services to
pregnant women and new mums across the city, ensuring that much needed support is given where il is
needed most. The service continues to recruit, train and support 100 active volunteers across the City of Hull.
Danny's Draam
Danny's Dream continued lo deliver an exceptionally high-qualily service. retaining ils overall Care Quality
Commission ICQCI rating of "Oulslanding. We understand that this is the only provision currently in Hull and
East Riding with an overall Oulslanding judgement. Our focus is currently working with the Local Aulhorily,
Adult Social Care, lo increase the safe working capacity of the club, back lo the usual levels. We used the
period of reduced operating capacity al thè club to relocate this service into the Octagon building, which has
refreshed and reinvigorated the service, and has been mel with an overwhelmingly positive response from our
service users and their families.
Social Prescribing
Through the year our two estate-ba5ed initiatives, Fil and Fed and Thornton Befrienders, have established
themselves as key community wellness services. Their ability lo react, respond and support following Covid
19 pul the organisation al the forefront of supporting the residents of Great Thornton Street Estate through
delivering food aid to those Shielding, Isolating and struggling to afford to eat and providing friendships lo
tackle social isolation and support mental wellbeing.
Veterans Hub
Our longstanding support to Veterans and their families has been cemented though the establishment of the
City's one slop shop for all veteran's support agencies. This has been delivered in partnership with Hull City
Council and funded through Hull's Veterans Covenant Fund and the Armed Forces Covenant Fund Trust.
Though this we now lacililale weekly Coffee mornings, walking clubs, choirs, model making and linkages lo
specialist Health, Wealth and Housing agencies
To
rovide and su
ort access to education trainin
and em
lo
ment o
ortunities
Employment. Enterprise ond Training (EET)
The provision of EET support has long been at the centre of Goodwin's mission. Based at the Community Hub
we have delivered specific employability programmes for unemployed 16-29 year olds through the Youth
Employment Initiative Springboard IYEII. Also through the Building Better Opportunities programme we have
been able lo support older people lo gain employment. In developing a more holistic support offer we provide
a¢￿$S lo ICT through our UK Online status, access to the Thornton Pantry and co-locate delivery partners,
such as Hull and East Riding Citizens Advice Bureau. lo provide a one slop shop.
Aligned lo this we have seen a growth in the number of apprentices we employ across the organisation
investing in young people and supporting our own workforce development.
To make our communit
safe resilient and a ha
lace to be
Estate ol all Nations
We were successful in an application for £100k grant from CCLORS, which we used lo create the Eslale of
All Nations project, which brought together and enhanced many of our estale-based inilialives.
Crgative P8ople and Places
Creative People and Places brings with it a wealth of opportunities to the Eslale, and Goodwin continues lo
seek ways in which il can be an active partner in the delivery of arts events across Hull. We are now halhmay
through our second CPP grant from Arts Council England, and have adapted well to moving the Servi￿ online
during the year. As we see restrictions easing, we have a programme of "in person. events planned for the
summer.

Goodwin Development Trust (A Company limited by Guarantee)
In addition to this. we have received funding from Esmee Fairburn and the National Lollery lo run the"Living
Room. project, based on North Point shopping cenlre, and additional funding from ACE for our Loneliness
Project, which ensured that our incredibly popular Shindigs could continue in the safely of people's own
homes.
AMIF project
The AMIF housing support to Refugees project in partnership with Refugee Council provides specific SUPFK)rt
and advice including language support lo refugees in Hull. We were pleased to not only gain an extension for
the initial grant lo December 2020, but also to gain a new 2-year grant which allows us lo continue the setvice
through lo December 2022.
FINANCIAL REVIEW AND POSITION AT YEAR END INCLUDING FACTORS AFFECTING THAT
POSITION
The group is pleased to be able lo report a surplus of £102k in the year12020'. loss of £4.3ml.
The company has sufficient reserves and funds available for at least 12 months from the approval date of the
accounts. The Board have reviewed cashflows and reforecasts on a monthly basis throughout the pandemic
and are pleased al the level of emergency support which has boen available lo cover the Group's additional
costs and reductions in income which have occurred as a result of the pandemic. On the basis of sufficient
cash flows the Trustees believe that the financial slalemenls should be prepared as a going concern.
CAPITAL STRUCTURE AND TREASUR Y POLICY
The Goodwin Development Trust is a company limited by guarantee.11 has no share capital and is a charity
registered with the Charity Commission. The guarantee of each member is £1. The governing document is
the Articles of Association of the company lamended by specia1 resolutions 9 December 2002. 7 May 2003,
10 May 2005. 21 November 2005, 13 March 2007 and February 20141 and members of the Board of Trustees
are the Members and Directors of the Company. 11 is a member of the Homes and Communities Agency,
registration number 4799.
The Registered Provider's IRPI decision-making body is the Board of Trustees that meets on a monthly basis
on the first Tuesday of each month. The Articles allow for a maximum of 11 Trustees, 7 of whom have to be
residents of the Thornton Estate (known as resident direclorsl and 4 others (known as partner direclorsl.
There are also three sub-commillees, each of which are chaired by a Trustee from the main Board and have
a senior staff member as support. These sub-boards all have their own Terms of Reference. They are'.-
Sub Board
Chair
Finance
External Services
Audit Committee
Alt
na
Gune
Kellock Ainle
All
na
Gune
Reports appertaining to project progress are taken lo the appropriate sub-committee and details recorded in
the minutes. All sub-commillee minutes are supplied to Trustees al the following Board meeting.
The RP has two trading subsidiary companies..
Goodwin Communlty Trading Limited is a wholly owned subsidiary of the charity. The Articles of
Association provide for unlimited directors, two being independent directors. Currently the board comprises
o directors in total. one of whom is a Goodwin Development Trust director. The minutes of each board
meeting are taken lo the main board of Goodwin Development Trust.
Goodwin Communlty Housing Limited is a wholly owned subsidiary of the charity and has been sel up as
a vehicle to hold the housing stock purchased and renovated by the charity. Currently the board comprises
o directors, both of whom are Goodwin Development Trust directors.

Goodwin Development Trust (A Company limited by Guarantee)
CASH FLOWS AND CURRENT LIQUIDITY
The year end cash position shows a nel group overdraft position of £1,801k12020..£3,178k), which includes
loans and overdrafts of £1,801 k. The change in the economic environment and move from grant funding to
earned income has resulted in the need for an overdraft from our main bankers, Handelsbanken.. In addition
to this, a loan of £3m was taken out with Hull City Council in 2019, to fund the new housing development
alongside the grant from Homes England. Rental income remains at a level sufficient to service this debt. The
long term Cash flow indicates a return to a positive group cash balance.
VALUE FOR MONEY
The Trust's finance manual is updated annually and contains specific guidance over procurement in order lo
ensure best value is achièved al all limes.
KEY ACCOUNTING POLICIES ADOPTED
The Trust's accounting policies are detailed within the notes lo the financial stalemenls.
REGULATOR'S INTERVENTION IN THE YEAR
There has been no intervention frotn the regulator during the year.
FUTURE DEVELOPMENTS INCLUDING FACTORS AND INFLUENCES ON FUTURE PERFORMANCE
Future developments for the group focus on strategic working with Hull City Council within the housing sector,
looking particularly at new-build opportunities and the provision ol supported housing. The long-lerm strategy
remains the same as always, with a focus on improving the quality of life for residents of the Thornton eslale,
bul in light of the impact of the Covid-19 pandemic, the need for financial stability and secure income streams
is at the root ol the 51ralegy. Whilst we generated a surplus this year, and have a positive outlook for the next
year, it is yel lo be seen what impact ltriere will be in the long term, as the world economy copes with the fall
out from the pandemic, and the UK continues lo adjust lo the impact of Brexit.
EVENTS SINCE THE END OF THE YEAR INCLUDING THE IMPACT ON FUTURE OPERATIONS OF
SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE
There have been no events of significanTr Sin￿ the end of the financial year.
AUDITORS
The auditors, Armstrong Walson Audit Limited, wi11 be proposed for reappointment in accoTdance with section
485 of the Companies Act 2008.
PUBLIC BENEFIT
In selling and reviewing our aims the Board has given careful consideration lo the Charity Commission's
guidance on public benefit.

Goodwin Development Trust (A Company limited by Guarantee)
DIRECTORS, RESPONSIBILITIES
The Board is responsible for preparing the report and financial slalements in accoidance with applicable law
and regulations.
The Registered Social Housing legislation require the Board to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the association and of its income and expenditure
for that period.
Company law requires the directors to prepare financial statements for each fi'nancial period. Under that law
the directors have elected lo prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company
law the directors musl not approve the financial statements unless they are satisfied that they give a true and
fair view of the slate of affairs of the company and of the profil or loss of the company lor that period. In
preparing those financial stalemenls, the directors are required to..
select suitable accounting policies and then apply them consislenlly.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any material departures
disclosed and explained in the financial statements., and
prepare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that
the company will continue in business.
The Board is resFX)nsible for keeping adequate accounting records that are sufficient lo show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the
company and to enable them to ensure that the financial statements comply with the Companies Act 2006.
the Housing and Regeneration Act 2008 and the Accounting Direction for private registe￿d providers of social
housing in England 2012.
They are also ￿Sponsible for safeguarding the assets of the company and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS
We, the Board members of the RP who held office al the date of approval of these Financial Statements as
sel out above each confirm, so far as we are aware, Ihal..
there is no relevant audit information of which the RP'S auditors are unaware., and
we have taken all the steps that we ought to have taken as Board members in order lo make
ouiselves aware or any relevant audit informats'on and lo establish that the RP'S auditors are aware
of that information.
ON BEHALF OF THE BOARD
Sharon Igoe - Chairperson
Dale.. 24

Goodwin Development Trust (A Company limited by Guarantee)
Independent auditor's report to the members, as a body, of Goodwin Development Trust
Opinion
We have audited the financial statements of Goodwin Development Trust Ilhe 'parenl Company'l and its
subsidiarie5 Ilhe 'Group'l for the year ended 31 March 2021, which comprise the Group Slalemenl of
Comprehensive Income. the Group and Company Statements of Financial Position, the Group Slalemenl of
Cash Flows, the Group and Company Statement of Changes in Equity and the related notes. including a
summary of significant accounting policies. The fi'nancial ￿porting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting
standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. Iuniled
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial slalemenls..
give a true and fair view of the stale of the Group's and of the parent Company's affairs as al 31 March
2021 and of the Group's surplus for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordanee with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the AudiloT'S responsibilities
for the audit of the financial statements section of our report. We are independent ol the Group in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Counci5's Ethical Standard and we have fulfilled OLJr other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined
Is sufficient and appropriate to pmvide a basis for our opinion.
Concluslons relating to going concem
In auditing the financial slatemenls, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the Group's or the paienl Company's
ability to continue as a going concern for a period of al least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
10

Goodwin Development Trust (A Company limited by Guarantee)
Independent auditor's report to the members of Goodwin Development Trust Icontlnued)
Other information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditor's Report Ihereon. The Iruslees are responsible for the other information contsined
within the Annual Report. Our opinion on the financial slalements does not cover the other information and.
except to the extent olhetwise explicitly staled in our report, we do not express any form of assurance
conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the
course of the audit. or otherwise appears lo be materially misslaled. If we identify such material
inconsistencies or apparent material misslalemenls, we are required lo delemiine whether this gives rise to a
material misstalemenl in the financial statements themselves. If, based on the work we have performed, we
conclude that there is a material misslalemenl of this other information, we are required lo report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Group Strategic Report and the Trustees, Report for the financial year for
which the financial slalemenls are prepared is consistent with the financial slatemenls., and
the Group Strategic Report and the Trustees, Report have been prepared in accordan￿ with applicable
legal requirements.
Pjlatters on which we are required to report by exception
In the light of the knowledge and understanding of the Group and the parent Company and its environment
obtsined in the course of the audit, we have not identified material misslalements in the Group Strategic Report
or the Trustees, Report.
We have nothing lo report in respect of the following mallers in relation lo which the Companies Act 2006
requires us to reFX)rt to you if, in our opinion..
adequate accounting records have not been kept by the parent Company, or retums adequate for our
audit have not been received from branches not visited by us.. or
the parent Company financial statements are not in agreement with the accounting records and returns.,
or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we ￿qUIre for our audit.

Goodwin Development Trust (A Company limited by Guarantee)
Independent auditor's report to the members of Goodwin Development Trust (Continued)
Responslbllities of directors
As explained more fully in the Director's Responsibilities Ststemenl sel out on page 9, the Iruslees are
responsible for the preparation of the financial statements and foi being satisfied that they give a true and fair
view, and for such internal wntrol as the trustees determine is necessary lo enable the prep8ration of financial
slalements that are free from material misstalemenl, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Group's and the parent
Company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern
and using the going concem basis of accounting unless the trustees either intend lo liquidate the Group or the
parent Company or to cease operations, or have no realistic alleinalive but lo do so.
Auditor's responsibilities for the audit of the financial Statements
Our objectives are to obtain reasonable assurance about whelherthe financial statements as a whole are free
from material misstatement, whether due lo fraud or error, and lo issue an Auditorfs Report that incSudes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstalemenl when il exists. Misslalements 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 of users taken on the basis of these Group financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
prO￿dureS in line with our responsibilities, outlined above, to detect material misslalemenls in respect of
irregularities, including fraud. The exlenl lo which our procedures are capable of detecting irregularities.
including fraud is detailed below..
Our approach to identifying and assessing the risks of material misslatemenl in respeGI of irregularities.
including fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills lo identify or recognise non-compliance with appluble ￿wS and
regulations.,
we identified the laws and regulations applicable lo the company through discussions with directors
and other management, and from our commercial knowledge and experience of the industry,.
we assessed the extent of compliance with the laws and regulations identified above through making
enquiries of management., and
identified laws and regulations were communicated within the audit team regularfy and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the enlily's financial statements lo material misslatemenl, including obtaining
an understanding of how fraud might occur, by..
making enquiries of management as lo where they conSide￿d there was susceptibility to fraud. their
knowledge of actual, suspected and alleged fraud., and
considering the internal controls in place lo miligale risks of fraud and non-compliance wilh18ws and
regulations.
12

Goodwin Development Trust (A Company limited by Guarantee)
Independent auditor's report to the members of Goodwin Development Trust (Continued)
To address the risk of fraud through management bias and overrKle of controls, we..
performed analytical procedures lo identify any unusual or unexpected relationships.,
tested journ81 entries lo identify unusual transactions., and
assessed whether judgements and assumptions made in determining the accounting eslimales were
indicative of potential bia5.
In response lo the risk of irregularities and non-compliance with laws and regulations, we designed pr(Kedures
which included, bul were not limited lo..
agreeing financial slalemenl disclosures to underlying supporting documentation., and
enquiring of management as to actual and potential liligalion and claims.
A further description of our responsibilities for the audit of the financial slalemenls is located on the
Financial Reporting Council's website at.. www.fr¢.org.uklaudilorsosponsibililies. This description forms
part of our Audilovs Report
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Parl 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's
members those mallers we are required lo slate lo them in an Auditor's Report and for no other purpose. To
the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the
Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Simon Turner {Senior Statutory Auditor)
for and on behalf of
Armstrong Watson AudSt Llmlted
Chartered Accountsnls
Statutory Auditor
Leeds
Dale.. 27 August 2021
13

Goodwin Development Trust (A Company limited by Guarantee)
Consolidated Statement of Comprehensive Income for the year ended 31 March 2021
Note
2021
£k
2020
£k
Turnover
Operating expenditure
4,703
4,613
5,757
6,121
Operating Ideficitl I surplus
Interest and financing costs
Loss on disposal of assets
90
11181
1364)
1143)
3,843
Deficit before tax
1361
14,3511
Taxation
138
Surplus l{deficitl for the year
102
14.3511
Total comprehensive income forthe
year
102
14,3511
There is no difference between the reported result for the period and historical cost surpluses or deficits.
On behalf of the Board
TRUSTEE Isharon Igoel
TRUSTEE IKellock Ainleyl
The annexed notes form part of these financia1 statements.
14

Goodwin Development Trust (A Company limited by Guarantee)
Consolidated Statement of Financial Position as at 31 March 2021
Company registration number.. 4454814
Com
an
Grou
Notes
2021
2020
2021
2020
Fixed assets
Housin
ro
erties
Tangible fixed
assets
£k
£k
£k
4,368
£k
£k
£k
£k
4.368
£k
12
13
5,239
5,455
5.239
5,455
9,823
9.607
Current assets
Trade and other
debtors
Assets held for
resale
Cash and cash
uivalenls
14
609
567
501
568
405
15
584
961
10
1193
661
983
Less: Creditors:
amounts falling
due within one
ear
16
11,8751
11,3861
11,8901
11,6531
Net ourrent
assetsl
liabilities
16821
17251
14281
{6701
Total assets less
current liabilities
8,925
9,098
9,179
9.153
Creditors:
amounts falling
due after one
gar
Provision for
deferred tax
17
{2,6231
12,561)
12,6231
12,5611
11381
Total net assets
6,537
6,556
6.454
Reserves
Housing property
revaluation reserve
Restricted reserve
Desi
naled reserve
Income and
ex
enditure reserve
Total reserves
21
21
1,476
110
1,487
110
1.476
110
1,487
110
4,716
4.940
4.970
4,857
6,537
6,454
These financial statements were approved and aulhorised for issue by the Board on 24 August 2021 on behalf
of the Board
TRUSTEE ISh8ron Igoel
TRUSTEE IKellock Ainleyl
The annexed notes fom part of these financi81 statements.
15

Goodwin Development Trust (A Company limited by Guarantee)
Statement of Changes in Equity for the year ended 31 March 2021
Revaluation Restricted Designated
reserve
reserve
Reserve
Income &
expenditure
Total
At 1 April 2020
1,487
110
4,857
6,454
Deficiusurplus for the year
Total comprehensive
incomelldeficill
At 31 March 2021
113
102
113
102
1,476
110
4,970
6.556
Revaluation Restricted Designated
reserve
reserve
Reserve
Income &
expenditure
Total
At 1 April 2019
2,609
110
8.085
10,804
Deficit for the year
Total comprehensive deficit
3,228
13,2281
4,350
14,3501
{1.1221
At 31 March 2020
1.487
110
16

Goodwin Development Trust (A Company limited by Guarantee)
Consolidated Statement of Cashflows for the year ended 31 March 2021
Note
2021
2020
Cash flow from operating activities
£k
£k
Surplus (deficit} for the year
102
(4,3511
Adjustments for non-cash items..
Depreciation and impairment
160
4,236
(Prolitl l Loss on disposal
Decrease in trade and other debtors
472
631
Decrease I Ilncreasel in trade and other creditors
735
1481
Not cash generated from operating a¢tivitiey
1A69
468
Cash flow from investing actlvities
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Investing cash flow
1711
127
56
13951
461
66
ash flow from investing actlvities
Repayment of debt
Financing cash flow
{1481
1148)
{2381
12381
Net change In cash and cash equivalents
1,377
296
Cash and cash gquivalents at the beginning of the year
Cash and cash equivalents at the end of the year
3,178
3,474
3,178
17

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Flnancial Statements for the year ended 31 March 2021
1. STATUTORY INFORMATION
Goodwin Development Trust is a charitable company domiciled in England and Wales, registration number
04454814 and charity number 1098520. The company is also reglstered with the Homes and Communities
Agency, number 4799.
The registered office is Pod 5. The Octagon. Walker Street, Hull, HU3 2RA.
2. PRINCIPAL ACCOUNTING POLICIES
The RP is incorporated under the Companies Act 2006 and the Charities Act 2011 and is a Registered Provider
of Social Housing.
Basis of Accounting
The financial slalemenls have been prepared in accordan￿ with applicable United Kingdom financial
reporting standards, the Statement of Recommended practi￿.. Accounting by Registered Social
Housing Providers Iupdale 201418nd the Accounting Direction 2015. The accounts are prepared in
accordance with the historical cost basis of accounting except as modified by the revaluation of
investments and certain fixed assets.
Group accounts
The RP is required by the Companies Act 2006 to prepare group accounts. The consolidated
accounts comprise the financial slatÈments of Goodwin Development Trust and of its subsidiaries
Goodwin Community Trading Limited and Goodwin Community Housing Limited.
Government grants
Government grants are recognised when is it reasonable to expect that the grants will be received
and that all related conditions will be met. Government grants in respect of capital expenditure have
been accoLJnled for using the performance model, this being when all performance conditions have
been mel the income is recognised as turnover in the Statement of Comprehensive Income.
Turnover
Turnover represents rental and service charges income receivable in the year net of rent and service
charge losses from voids, revenue grants from loca5 authorities and the Homes and Communities
Agency. 11 also includes income from charitable activities and activities for generating funds in the
year.
Turnover is recognised On￿ the company has enlitlemenl lo the income, to the extent that il is
probable that the economic benefits will flow to the Group and the revenue can be reliably measured.
Turnover is measured as the fair value of the consideration received or receivable, excluding
discounts. rebates, value added tax and other sales taxes.
Going concem
The Trustees have prepared the financial slalements on a going concem basis. This assessment
was made after taking account of all factors including consideration of the impact of COVID 19. In
assessing these factors management have, for a period of at least twelve months from financial
slalement approval..
Prepared profit and loss budgets that demonstrate the continued generation of income that ensures
financial headroom remains sufficient to meet obligations
Ensured the budgeted operating surpluses provide sufficient financial resource lo cover third party
funding obligation
Identified income streams from non operating activity, such as the disposal of capital assets, and
assessed the high likelihood of these receipts
In doing so the Trtjstees have sufficed themselves that the Group will meet ils obligations for a period
of at least twelve months from dale of approval of these financial slalemenls, and that in doing so they
have considered that any uncertainty in the economy, including due lo COVID 19, will not materially
change this assessment.
18

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
Fixed Assets and Depreciation
The cost of tangible fixed assets is wrillen off over their expected useful lives on a straight line basis.
Rates used for this year's provision are..
Freehold Pro
ert
Leasehold Pro
ert
Motor Vehicles
ment
20
2°A or lease term
25,/
15.1
33.30
The useful economic lives of all tangible fixed assets are reviewed annually.
Housing Properties
Housing properties are recognised initially al cost and thereafter carried at fair value less depreciation
and impairment Charged subsequent to the date of the revaluation. Fair value is based on periodic
valuations prepared by key management personnel with guidance from professional valuers and is
determined from market-based evidence by appraisal. Valuations are performed frequently enough
to ensure that the fair value of a revalued asset does not differ materially from ils carrying amount.
Fair value gains and losses are recognised in other comprehensive income.
Any revaluation surplus is credited to the revaSualion reserve in eqLtily ex￿p1 to the exlenl that rt
reverses a decrease in the carrying value of the same asset previously recognised in profit or loss, in
which case the increase is recognised in profil or loss, except lo the extent of any existing surplus in
respect of that asset in the revaluation reserve.
The Carrying values of property, plant and equipment are Teviewed for impairment if events or changes
in circumstances indicate the carrying value may not be recoveTable and are written down immediately
to their recoverable amount.
Works to existlng housing properties
Expenditure on existing housing properties is capitalised when it is either capable of genewting
increased future rents, extends their useful economic lives or signilicanlly reduces future maintenance
costs. All other expenditure in respect of general repairs to the housing stock is charged to the income
and expenditure accounts as il is incurred.
Impairment
All properties are considered for impairment annually and detailed reviews of assets for impaiment
are carried out if there is an indication that impairment has occurred or if they are not being
depreciated.
Impairments that are a result of a major reduction in the service potential of a property are recognised
in the income and expenditure account. Impairments that reflect general changes in price are, where
the property is shown at a valuation, recognised in the slalement of total recognised surpluses and
deficits until the value of the asset falls to depreciated historical cost.
Further impairments, or the full impairment if the property has not been revalued, are then recognised
in the income and expenditure account.
Donated land
Donated land which is unconnected with any intended development is measured at current value and
recognised in turnover with other donations, where the donation is from a non-public body and as a
government grant where it is from a public body.
Where land is donated or transferred al a price less than ils open market value, or where it has been
donated as part of a development scheme. it is included at its current value on the dale il is received.
The difference between the current value and the transfer price of land transferred from central or
local government or other public authorities is Irealed as a government grant. Where land is donated
or transferred by a non-public body the difference is recognised in turnover.
stock
Stocks are valued al the lower of cost and nel realisable value, after making alSowance for any
obsolete or slow moving items.
19

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
Trade and other debtors
Trade debtors are recognised and carried at the lower of their original invoiced value and recoverable
amount Where the lime vale of money is material. receivable are carried al amortised cost. Provision
is made when there is objective eviden￿ that the Company will not be able lo recover balan￿S in
full. Balan￿S are wrillen off when the probability of recovery is considered remote.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly
liquid investments that are readily convertible to a known amount of cash 2nd are subject to an
insignificant risk of change of value
Trade creditors
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary
course ol business from suppliers. Accounts payable are classified as current liabilities if the Company
does not have an unconditional right, al the end of the reporting period, to defer selllemenl of the
creditor for at least twelve months after the reporting dale. If there is an unconditional right to defer
settlement for al least twelve months after the reporting date, they are presented as non-currenl
Leased assets
Tangible fixed assets aCqUi￿d under finance lèases or hire purchase contracts are capilalised and
depreciated in the same manner as other tangible fixed assets. The related obligations. nel of future
finance charges, are included in creditors.
Rentals payable under operating leases are charged to the income and expenditure account on a
slraighl-line basis over the period of the lease.
Interest income
Interest income is recognised in the Piofit and Loss Account using the effective interest method.
Borrowing costs
All borrowing costs are recognised in the Profi'l and Loss Account in the year in which they are
incurred.
Current Taxation
No laxalion is payable by the RP, since il has charitable status and ils activities are exempl from lax.
Current lax assets and liabilities are measured at the amount expected lo be recovered from or paid
lo the laxalion authorities based on tax rates and laws that are enacted by the balance sheet dale.
Deferred in¢ome lax is recognised on all temporary differen￿$ arising between the lax bases of
assets and liabilities and their carrying amounts in the fi'nancial slalemenls, with the following
exceptions..
Where the temporary difference arises from the initial recognition of goodwiS1 or an asset or liability in
a transaction that is not a business combination that al the time of the transaction affects neither
accounting nor tsxable profit or loss.
In respect of taxable temporary differences associated with investments in subsidiaries, associates
and joint ventures, where the liming of the reversal of the temporary differences can be controlled and
il is probable that the temporary dillerences will not reverse in the foreseeable future., and
Deferred income tax assets are recognised only lo the extent that it is probable that taxable profit will
be available against which the deductible temporary differen￿, carried fomard tax credits or lax
losses can be ulilised.
Deferred income lax assets and liabilities are measured on an undiscounted basis al the tax rates that
are expected to apply when the related asset is released or liability sellled, based on lax rates and
laws enacted or subslanlively enacted al the balance sheet dale. The carrying amount of deferred
income lax assets is reviewed at each balance sheet dale.
20

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 202q Continued
Designated reserves
Designated reserves are part of unrestricted reserves which have been earmaTked by the Board for a
particular purpose. Such designations may be reversed by future Board decisions. Expenditure
cannot be directly sel against designated reserves bul is taken through the income and expenditure
account. A transfer is then made from designated reserves as appropriate.
Restricted reserves
Reslricled reserves are those reserves which are only expendable in accordance with the wishes of
the funder or regulatory body. Reslricled reserves include funds raised in response lo a specific
appeal. Expenditure cannot be directly sel against reslricled reserves bul is taken through the income
and expendrture account. A transfer from reslricled reserves is then made as appropriate.
Where a restricted reserve is represented by assets that are then revalued, the revaluation element
is added to the fftslricled reserve.
Value Added Tax
Irrecoverable VAT which can be atlribuled to capital item or revenue expenditure is added lo the cost
of the capital item or expenses where practicable and material.
The activities of the RP are partially exempt from VAT. A cost Cent￿ structure is utilised lo accoLJnt
for VAT in the most appropriate manner. Some activities are therefore shown net of VAT where the
VAT can be recovered in whole or in parl. The irrecoverable element of the partially recoverable VAT
is shown as a cost within Operating costs
Pension costs
The RP operates a defined contribution scheme for the benefit of ils employees. A defined
contribution plan is a pension plan under which the Company pays fixed contributions into a separate
entity. Once the contributions have been paid the Company has no further payments obligations.
Judgement in applying accounting pollcles and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
sssumplions that affect the amounts reported for assets and liabilities al the balance sheet dale and
the amounts reported for revenue and expenses during the year. Due to the nature of estimations
actual outcomes may differ from initial expeGlalions. Key sources of estimation uncertainty included
within these financial slalemenls include several eslimalions which are detailed within the above
accounting policies.
Management apply judgement and estimates in determining the classification of property, plant and
equipment. With regards assets subject lo full rental li.e. not used for charitable purposesl where the
assets are actively marketed management apply a judgement that these should be presented as a
current asset over non-current asset. This includes having eslimaled any impairment likely to arise
on disposal. This impairment is calculated by management as the difference between carrying value
and anticipated selling price. Where anticipated selling prices exceeds carrying value no uplift in value
is recognised within assets.
21

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Staternents for the year ended 31 March 2021 Continued
3. ACCOMMODATION IN MANAGEMENT
Units at Start
Unlts at End
Units under development
General needs housing..
Affordable Rent
4. REVENUE
The analysis of the group's revenue for the year from continuing operations is as follows..
2021
£k
1,817
1.166
315
329
192
389
200
295
4,703
2020
£k
835
2,510
1,232
426
188
90
189
287
5,757
Voluntary income
Income from charitable activities
Arts Council grants
Nurseries & cafe
Octagon
Other incoming reSoUr￿S
Rent receivable
Social rent receivable
All turnover arose within the United Kingdom.
SOCIAL HOUSING TURNOVER AND COSTS
Included within the above turnover..
Supported
housing
and
housing
for older
people
£k
General
needs
housing
Other
Total
2021
Total
2020
£k
£k
£k
£k
Income
Rent receivable excluding SeN1￿ charge
295
295
287
Service charge income
Turnover from social houslng letting8
Social housing activity expenditure
295
295
287
182
182
145
Operating surplus I Idelicit} on soclal
housing lettings
Void losses
114
114
142
22

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
5. FINANCIAL ASSISTANCE AND OTHER GOVERNMENT GRANT RECEIVABLE
Total government grants received in the period was £303k12020'. £140kl.
OPERATING DEFICIT
2021
£k
2020
£k
Operating surplus is slated after charglng..
Auditors, remuneration (see note 81
Depreciation and amortisalion of owned assets
Operating leases- other assets
14
159
11
3.400
and after crediting..
Deficit on sale of tangible fixed assets
7. AUDITOR'S REMUNERATION
2021
£k
13
2020
£k
10
Fees payable (exclusive of VATI lo the RP'S auditor in
relation lo the period of awount forthe audit of the RP'S
annual accounts
Tax Fee
8. KEY MANAGEMENT PERSONNEL
Remuneration paid lo key management personnel in the period was £65k12020.. £125k), paid to 1
Employees12020'. 21, as defined on the company information page.
The Chief Executive is an ordinary member of the RP'S ¢Jefined contribution pension scheme. No enhanced
or special terms apply. There are no additional pension arrangements. The aggregate contribution made by
the RP and ils subsidiaries was £1 k {2020.. £1 kl in addition to the personal contributions of the Chief Executive.
The Board of Trustees IDireclorsl received no expenses or remuneration in the year.
23

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
9. EMPLOYEE INFORMATION
2021
2020
The average number of persons employed during the
year expressed in full time equivalents was..
Administration stsff
Housing development staff
164
1S4
£k
£k
staff costs (including members of the Board)
Vvages and salaries
Social Security costs
other pension costs
2,750
179
3,098
215
92
2,975
2021
2020
The of number of staff employed during the year
expressed in full time equiv8lenls whose remuneration
payable (including compensation for loss of office) fell
within the following bands-
£60,001- £70,000
10. TAX ON SURPLUS ON ORDINARY ACTIVITIES
Current tax
The RP is a registered Charity and no provision is considered necessary for taxation. Goodwin Community
Trading has a retained loss which is exempl from taxation under the provisions of the Income and Corporation
Taxes Act 2000. Goodwin Community Housing has non-laxable income in the period.
Deferred tax
There is no deferred lax liability in Goodwin Community Housing {2020.' £138kl relating lo potential tax on the
value of the land and buildings.
24

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
11. TANGIBLE FIXED ASSETS HOUSING PROPERTIES-GROUP and COMPANY
Properties for social
housing lettings
£k
Total
£k
Cost or valuation
Al 31 March 2020
Al 31 March 2021
6,855
6,855
6,855
Depreciation and impalrment
Al 31 March 2020
Charge for year- impairment
Transfer lo current assets
At 31 March 2021
Net book value
At 31 March 2020
At 31 March 2021
2,487
2,487
2,487
2,487
4.368
4.368
4,368
4,368
The company only housing properties consist of the properties for social housing lellings wlh a Nel Book
Value of £4,368k12020'. £4,368kl.
All social housing is wholly owned by Goodwin Development Trust.
During the year, the non-social housing properties were put up for sale, and as such, sold.
12. OTHER TANGIBLE FIXED ASSETS- GROUP and COMPANY
Land and buildings Fixtures and fillings Motor vehicles
£k
£k
£k
10.848
197
70
71
38
103
Totsl
£k
11,115
71
475
10.711
Cost
At 31 March 2020
Additions
Disposals
At 31 March 2021
253
10.595
184
13
Depreciation and impairment
At 31 March 2020
Charge for the year- depreciation
Disposals
Al 31 March 2021
5,395
138
125
5408
197
68
21
38
51
5,660
159
347
5,472
184
13
Net book value
Al 31 March 2020
5,455
At 31 March 2021
5.187
52
5,239
The net book value of land and buildings al 31 March 2021 compiised..
£k
2,266
2,921
Freehold
Long leasehold
The cost of depreciable assets included in land and buildings al 31 March 2021 was £10,595k
Included in the total net book value of tangible fixed assets held al 31 March 2021 was £nil in respect of assets
held under finance leases and hire purchase contracts.
25

Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
13. DEBTORS- ALL RECEIVABLE WITHIN ONE YEAR
Company
2021
2020
£k
£k
145
253
343
312
121
609
Group
2021
£k
145
355
2020
£k
254
312
Trade debtors
Prepaymènts and accrued income
Amounts owed from group undertakings
567
501
568
14. CASH
Company
2021
2020
£k
£k
584
94
11391
13831
12,623) 12,5611
Group
2021
£k
961
11391
12.6231
2020
£k
10
18271
12,5611
Cash at bank and in hand
Loans due within one year
Loans due after one year
2,178
2,850
1,801
15. CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR
Company
2021
2020
£k
£k
Group
2021
£k
2020
£k
Loans and overdrafts
Trade creditors
Other lax and social security
Accruals and deferred income
VAT
139
172
45
1093
426
383
311
48
633
12
139
172
45
1108
426
627
318
48
646
12
1,875
1,890
1.653
Loans and overdrafts please see note 16 for securities.
26

Goodwin Development Trust (A Company limited by Guarantee)
Notss to the Financial Statements for the year ended 31 March 2021 Continued
16. CREDITORS- AMOUNTS FALLING DUE AFTER ONE YEAR
Company
2021
2020
£k
Group
2021
2020
£k
£k
Loans and overdrafts
2,623
2,561
2.561
2,623
2,623
2,561
2,561
The bank overdraft is secured by a group-wide debenture. An unlimited Inlercompany composite guarantee
by and between each of the borrowers, Goodwin Development Trust, Go(xlwin Community Trading and
Goodwin Community Housing exists.
The Group loans figure comprtses.. £93,750 from Handelsbanken, repayable over 6 years, secured on a small
portfolio of residential properties, and £2,668,473 from Hull City Council, secured on the leasehold interest in
the Hugh Webster site, and repayable over 30 years.
17. CALLED UP SHARE CAPITAL
The RP is limited by guarantee and has no equity or non-equity share capital.. Members of the RP guarantee
lo contribute a maximum of £1 should there be a call on their guarantee.
18. RESTRICTED RESERVES- Group & Company
Fund at 31.
Incoming Resources
March 2020 Resources
Expended
£k
Fund at 31°
March 2021
£k
£k
£k
Fixed Assets
Asda Fareshare
Fil & Fed
Thornton Befriending
Military Work Club
MVC Coordinator
BBO
AMIF Therapy
Armed Forces Covenant
CLLD
Do IIAug 18
CILM Aug 18
Youth Music
ACE Youth takeover
Fareshare CILM
Eslale of all Nations- Power to Change
Living Room - National Lollery
Creative People and Places - Ph 2
1,487
1121
{21
iioi
1181
1821
1271
1801
1501
1131
1921
12021
{1381
161
1351
117}
150}
183}
326
1.243
1,476
10
18
82
27
81
50
13
92
202
138
35
17
50
83
326
1,476
Designated reyerve:
During a previous year, the group disposed of Kingfisher Rise, which resulted in a Recycled Capital Grant
Fund IRCGFI balance of £11 Ok, which is held as a dèsignated reserve. There are no amounts of RCGF which
are more than three years old where a repayment may be required.
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Goodwin Development Trust (A Company limited by Guarantee)
Notes to the Financial Statements for the year ended 31 March 2021 Continued
19. PENSION COSTS
The RP operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the RP in an independently administered fund, The pension cost charge represents contributions
payable by the RP lo the fund and amounted to £46k12020 £92kl. Contributions lotalling £nil12020 £nil) were
payable lo the fund al the year-end and are included in creditors.
20. RELATED PARTY TRANSACTIONS
At the dale of these financial slalemenls no Board and Committee members were tenants I shared owners of
RP properties.
There have been no related party transactions which would require disclosure.
21. GROUP AND RELATED UNDERTAKINGS
During the period ended 31 March 2021 the RP had the following related and associated undertakings
Name
Relationship.
Status
Registered by Social
Housing Regulator
Non-regulaled
Goodwin Community Trading Ltd
100¥0 Subsidiary Trading
company
Goodwin Community Housing Ltd 1000/0 Subsidiary Trading
company
Non-regulaled
The RP'S Board confirm that the company has no ultimate parent undertaking.
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