2021-03-31-accounts

HOUSING TRUST Selby and District Housing Trust (A company limited by guarantee) Report and Flnanclal Statements For the Year Ended 31 March 2021 Charlty Number 1157240 Company Number 08548526

Selby and Dlstrlct Housing Trust (A company limited by guarantee) Flnanclal Statements For tho Year Ended 31 March 2021 Contents Page Report of the Board Independent Examlners Report Statement of Financlal Activitles 10 Balance Sheet Notes foming part of th8 financlal statements 12- 17 SELBY & 01STRICT HOUSING TRusr 2020121

Selby and Dlstrlct Housing Trust Report of thè Board for the year ended 31 March 2021 The Board presents its dir8Ctors' report and financial statements, independ8ntly examin8d, for the year ended 31 March 2021. Roforenca and Adrnlnlstratlve Inforniatlon Charfty Name.. Selby and District Housing Trust Charity registration number: 1157240 Company registration number.. 08548526 R8gistered Office and operational address.. The CSvic Centre, Doncaster Road, Selby Y08 9Fr Board Member8 Councillor John Maurice Mackman Robert John Chambers Director and Chair {Councll appointed Trustee) Dlrector and Vice Chalr {Ordin8ry Trustee) Councillor Stephanle Duckett Mrs Gillian Ivey Micha81 Richard W8rritt Alan Catterick Vacancy Dlrector (Council appointed Trustee) Director (Council appointed Trustee) Director (Ordinary Trustee) Dlrector (Ordinary Trustee) Secretary and Dlractor Sarah Thompson (N.B. Sarah Thompson resigned as Company Secretary on 3191 May 2021. Anna-marie MGGlanagh8y was appointed Company Se¢r8tary in June 20211 Managlng Dlrector Stuart Robinson FInan￿ Dlrector Rob Parkes Houslng Managgr Mark Palmer Independent Examlners- Saffery Champness LLP, Mitr8 House, North Park Road, Ha￿Ogate HG15RX Bankers - Barclays Bank plc. of Market Place, Selby, Y08 4NX Sollcltors - During 2020121 Bevan Brlttan LLP have provided independent advice to the Trust on a case-by-Gase basis. SELBY & DISTRICT HOUSING TRUST 2020121

Structure. Governance and Managemant Governin Document Selby District Housing Trust I'the Trust'> is a publ1¢ benefit entity limit8d by guarantee, incorporated on 29 May 2013 and règistered as a Charity on 29 May 2014. The trust is incorporated in the UK and registered in England and Wales. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles of Assoclalion. In the èvent of the company b8ing wound up members, and ex-membèrs within twelve months of ceasing to be members, are r8quired to contribute an amount not èxceeding £10. Recruitment and A ointment of the Board The directors of the company ar8 also Charity trustees for the purposes of Charity law and under the Company's Artlcles are known as members of the Board. There are seven truste8 positions, three Council Trustees, nominated by Selby District Council and four individuals appointed or elected as Ordinary Trustees. The Board has a vacancy and this was carried throughout 2020121 as there were no applications put forward for the appointment of th8 4th Ordinary Trustee. Under th8 requirements of the Memorandum and Articles of Assoclalion the Council Trustees shall be appolnted by Selby District Council lo serve for such perlod of office as shall be confirmed by the Council. One Ordinary Trustee must r8tir8 al each annual General Meeting. the longest in offi'ce retiring first and the choice between any of equal service being made by drawlng lots. Each retlring Ordinary Trustee shall be eligib18 for reappointment at the Annual General Meeting but if they are not r8appolnted the retiring Ordinary Trusl8e shall vacate office at the conclusion of the me8ting. All rnembers of the Board giv8 thair time voluntarily and r8c8ived no benefits from the Charity. Any expenses reclaimed from the Charlly are sel out in note 5 to the accounts. uction and Trainl New Trustees are givan an induction session with Trust Officers. This session provides the Trustee with expectations of them in the role as well as governance arrangements and the latest position on Current schemes. New Trustees are provlded with a welcome pack that includes the ArtiGles of Association and the Charity Commission Guidanc6 8ntitled 'The Essential Trustee,. Risk Mana ment The Trust has an organisational risk register which is reviewed by the Finance and Govemance Committee each lime it meets. Systems and procedures have been established to mitigat8 the risks the Charity faces and the risk register is UFKlaled on a six-monthly basis. Key risks identified in the register are around access to revenue funding, health and safety and capacity and resilience of the Trust. All have risk mitigationlcontrols in plaGe. anisational Structure The Selby and District Housing Twst has a Board of Trustees of up to sev8n members who meet quartedy and are responsible for the strategic direction and policy of the Charity. At present the Board has 6 members from a variety of professional backgrounds relevant to the work of the Charity. The Board is supported by a Managing Director, a Financial Director and the Corrpany Secretary. These posts are filled by volunte8rs. Selby District Council has SELBY & DISTRICT HOUSING TRUST 2020121

provided funding for the appointment of a part-tim8 Housing Manager who also supports the Board. The Housing Manager requests aulhorlty to deliver e18ments of the build projects as necessary through r8gular report5 to the Board. Urgent it8ms for which no delegated authority exists ara progressed via ele¢troni¢ mail to Board members as perniitted under the Articles of Association. Related Partl8S In so far as it is ¢omp18m8ntary to the Charity's objects, the Charity is guided by both local and national policy. At a local level S81by District Council has off8r8d funding and has donated services as well as allowing its staff to provid8 sèNices under their volunteer programme al no cost to the Trust. Our Alms and obloctlv•s es and Aims Our Charity's purposes as set out in the objects contained in the company's memorandum of association are to cary on for the benefit of the Community lon a not-for-profit basls).. a. The provision and management of housing, social houslng, host81s and other r8sidential accommodation to people in necessitous circumstances; b. The provision of associated amenities, facilities and services for those housed by the Charity or for the relief of aged, disabled (whether physl¢ally or mentally) or chronlcally sick people; and on 8 basis which is associated wlth or Incidental to obJectiV88 a and b c. The provision of recreation or other leisur8 facllltles in the Interest of social welfare., d. Th8 relief of poverty., e. The advancement of education, trainlng or retraining, particularly among unemployed paople and providing unemployed people with work experience; f. Th8 maintenance, improvement or provlsion of publiG amenities for the publlc benefit in the int8r8sls of regeneration in areas of social and economic deprivatlon; g. Any oth8r charitable object that can be carried out from time to time by 8 company registered as a provider of soclal housing with th8 Regulator. The alms of our Charity are to provlde housing at 80% of market rent to those meeting the crit8ria set out in a. or b. above. rin our wor IIv8rs our aims During th8 course of 2020121 the Trust developed a 30 year Finance Plan. We review our govemance arrangements each year, and we have refe￿ed to the guidance contain8d in the Charity Commission's general guidance on public benefit when we review our alms, objectives and in planning future activities. The focus of our w￿rk Our main obj8Ctives for the y8ar were to continue to identify, in partnership with Selby District Council, property that could be used to enable us lo meet our Charitable aims. The Trust's original five year plan was to provide 56 homes which w8 can offer at 800h of the prevailing market rent to thos8 who meet our tenant criteria SELBY & DISTRICT HOUSING TRUST 2020121

In 2014115 we acquired Iwo separate sites in Tadcaster which provlde 5 homes towards this target. During 2017118 work began on a further 2 sites, one in Selby and one in Riccall. Our Riccall scheme of five houses, was handed over in 2018. Also in 2018. we agreed the purchase of 12 s106 homes in Ullesk81f, our first s106 purchase. Six homes were handed over lo us In lale 2018, and the remaining six came across in April 2019, all were let imm8diately. In addition, th8 Trusl t(￿k handover of a furth8r 12 new build houses in Selby town in the first half of 2019120. At the end of 2020121 the Trust owned 34 hornes. As with many organisations 2020121 has been a challenging year, with development opporlunities generally slowing down or being delayed. As such tha Trusl has not added to its portfolio over the past y8ar. The overall Housing Development Programme has slowed due lo a number of factors mainly around planning and uncertainty around costs. In addrtion, although the Trust has been in discussion with a number of developers regarding purchas8 of further s106 hom8S. the number of tangible opportunities coming forward over the year has been minimal. The Trust has also been exploring the potentlal of buylng properties on th8 open market. While the Trust is being developed there ar8 no paid employees. Selby District Council employ a part time Housing Manager and this Is provided to the Trust as a donated service. (The equivalent costs are included in the Accounts as a donated service). The Housing Manager's ro181s to support the Trust to develop and grow its business and, working closely with the Council, enSu￿ng our properties are managed well giving excellent customer service. The Trust's hom95 are managed and maintained by Selby District Council through a Service Level Agreement. In addition, the Tnjst pay Selby District Councll for 180 hours per annum financlal administration support. Other managerial and administrative $8rvic8s are being provided on a volunteer basis by staff with the relevant skills and qualifications. Staff are sometimes, bul not 8x¢lusively employed by Selby District Council. Thls is estimated to be approximately 266 hours per annum in total wlth the value equal to £5,300 (this is includ8d in the Accounts as a donated service). How our actlvltles doliver publlc bonofit Our maln activities and who we ty to help ar8 described in our purposes and alms. All our charitable activities focus on the housing market and are undertaken to further our charitabl8 purposes for th8 public benefit. Who use an bènefi d from ur services? At the end of 2020121 the Trust provided 34 affordable homes for rent to the residents of Selby District. Occupation has been good wth only four propert185 coming void in the year and tenants have been satisfied wtth the hornes provided by Ihe Trust. The main area of charitable activity and the achievements that flowed from our work during 2020121 are related lo the provision of affordable homes for rent in Selby District. The Trust continued to operate as a Landlord during 2020121, providing 34 homes in the District. Th8 Trust wntinued to work dosely with Selby & District Council to ensure that vlable development schemes are brought forward and that 8 pipeline of land and development opportunities are identified to ensure the Trust Can meet its targets. In addition, having seGured our first s106 scheme, we are keèn lo build on this success and identify further opportunities to work In partnership with wivate developers to secure additional homes across the District. SELBY & DISTRicf HOUSING TRUST 2020121

Financlal Review With continuing limlted resources the Charity, with the aid of sound financial appraisal and the knowledge and support of both its donated staff and volunteers generated a positive outcome for the perlod. We have Suc￿ssfUllY managed the 34 prop8rties with minimal void loss. Only four properties became void in the year with our occupatlon rate at 98.70/0 against a target of 97.5 %.Voids took slightly longer to turn around than target, but this was mainly due to the impact of COVID-19 on serviGe delivery and the fact that two of these properties were vold over the Christmas period. Our rent arrears remain low at 4.67%, which is below our target of However, due to the complexities experienced bringing forward small developm8nts, capital Spend plans have been delayed in year. A careful review of future plans has been required and work is taking place in partnershlp with Selby District Council to review the viability and various delivery options available to The Trust. l Fundin Sour There are currently two principal funding sources for the Charity. The firs115 8 grant of up to £30,000 per annum for five years from Selby District Council. Selby District Council has also funded the Trust by offering loans and grants where applicable, to acquire and develop suitable property for the Trust. The loans ar8 repayable ovèr a period of 30+ years and incur interesl charges abov8 the prevailing Public Works Loan Board interest rale at the time of signing the loan. Inv8 Aside frorn retaining a modest amount In the General Reserve 8ach year mosl of the Charlty's funds are lo be spent in the short term so currently there are no funds for long temi investment. The Board has declded that repaying the loans advanced by Selby District Councll at present takes priority over buildlng up reserves to inv88t 8Xtemally. There ar8 no restricted funds at 3111 March 2021 (Nil at 3181 March 2020). unrestricted fund5 musl b8 used to further the charitable purpos8 of the Trust. Reserves as at 31 st March 2020 wer8 £473,295 reducing to £469,255 as at 31 st March 2021. After making appropriate enquiries, the trustees have reasonable expedatlon that the company has adequate resources to continue operations for at least 12 months frorn th8 date of signing. The Trust remains reliant on the Council for Services and ther8 are no indications that the Council intends to remove or restrict th8 access lo these services in this period. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details r8garding the adoption of the going concern basis can be found In the accounting policies. Plans for Future Perlods The Trust is currently urKlertaking a review of its activities as a result of the Council's recent decision to raview its own housing developmeni plans. This follows a change in the operating environment du8 to Covid-19 and the Local Government re-organisation across North Yorkshlre. SELBY & DISTRI￿ HOUSING TRUST 2020121

s￿￿ernent of trustees, responsibilities The trustees {who are also directors of Selby & District Housing Trust for the purposes of company law) are responsible for prèparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Cofflpany law requires the trustees to prepare financial stalements for each financial year which giv8 a true and fair view of the state of affairs of the charitable company and of the Incoming resources and application of resources, including the income and expenditure, of the charilable company for that period. In preparing these financial statements, the trustees are required to: select sult8ble accounting policles and then apply thèm ¢onsistently- observe th8 methods and principles in tha Charities SORP (FRS 1021., make judgements and 8Stimales that are reasonable and prudent., state whether applicable accounting standards hav8 béan followed, subject to any material departures disclosed and explained in the financial statements; and prepare th8 financial statements on the going Concern basis unless it is inappropriate to presume that the charity will continu8 In business. Th8 trustees are responsible for keeplng proper accounting records that disclose with reasonable accuracy at any time the financlal position of the charitable company and 8nable them lo ensure that the financial statements comply with the Companies Act 2006. They are also r8sponsible for safeguarding the assets of the charitab18 company and hence for taking reasonable steps for the prevention and detection of fraud and other irr8gularltles. Memb8rs of the Board Members of the Board, who are directors for the purpos8 of company law and trustees for tha purpos8 of Charity law, who served during the year and up to the date of this report are set out on pag8 2. In accordance with company law, as the company's dlrèctors, we certify that.. so far as we arè aware. there is no r81evant audit information of which the company's independent examiners are unaware. and as the directors of the company we have taken all the steps that we ought to have tak8n in order lo make ourselves awa￿ of any re18vant audit infomiation and to establish th8t the Charlty's independent examiners are aware of that information. Independont Examlnern Saffery Champness were appointed as the charit8ble company's independent examiners in 2021. This report has been prepared in accordance with the Statement of Recommend8d Practice applicable to charities preparing th8ir accounts in accordance AGcounting and Reporting by Charitles.. Stat6ment of Recommended Practi￿ IFRS102)12019) and in accordance with the special provisions of Part 15 of the Companles Act 2006 r81ating io small entities. Approved by the Board on 8th November 2021 and signed on its bèhalf by: Councillor John Mackman, Chalr SELBY & DISTRICT HOUSING TRUST 2020121

Independent examlnorfs report to the trustees of Selby and District Houslng Trust {Ihe Company.) I rewl to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021. Respectlve responslbllltles of trustees and oxamlnor As the charity's trustees of the Company (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requir8ments of the Companies Act 2006 (the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 18 of th8 2006 Act and ar8 eligible for independent examination, I report in resped of my examination of your charity's accounts as Garried out under section 145 of the Charities Act 2011 ('th8 2011 Act'l. In carrying out my examinatlon I have followed the Directions given by Ihe Charity Commission under s8ciion 145{51 (b) of the 2011 Act. Bas18 of Indapondont oxamlner'• rnport My examination was carried out In accordance with the general Directions glv8n by the Charity Commisslon. An examination includes a review of the accounting records kept by the tharity and a Comparison of the accounts presented with those racords. It also includes consideration of any unusual it8m8 or disclosures in the accounts, and seeking explanatlons from you as trustees ¢onc8ming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and consequently no opinion Is given as to whether the accounts present a 'true and falr view, and the report is Ilmited to those matters set oul In the statement below. Indopondont oxamlner's statement I have completed my examlnation. I confirm thal no matters have come to my attention in connection with the examination giving me caus8 to believ8= accounting records were not kept in respect of ihe Company as required by section 386 of the 2006 Act", or the accounts do not accord wlth those rècords,. or the accounts do not comply with the accounting requirements of section 396 of lh8 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 8xamination', or the accounts have not been prepared in accordan￿ wlth the methods and principles of the Statement of Recommended Practice for accountlng and reportlng by charities applicable to ch8rilles preparing their accounts in accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no ¢on¢ems and have Come across no other matt8rs in connedion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: SELBY & DISTRICT HOUSING TRUST 2020121

1* 4plts Sally Appleton FCA Saff8ry Champness LLP Mltre House North Park Road Harrogate HG15RX Date: 21 December 2021 SELBY & DISTRICT HOUSING TRUST 2020121

Selby and District Houslng Trust Statomont of Flnanclal Activitles (Includlng Income & Expendlture Account) for the year ended 31 March 2021 ilnre8tr1ct•J Fund8 2019120 Total Fund8 2014QO Unrgstrlcled Fund$ 2oIY21 Totsl RMlrict•d Funds 2020R1 2021￿1 R••tricled 2019r20 In¢omlng Resour￿¥ Ineoming Fle80urces fr 1207,6601 Rent Incorne Other IneA)ming Resourc8S 1301,0961 Grants 122,7351 Donated Servtes Net Proce8ds Irc4n Asset held lor Sale 1207,6601 1219.8581 1219,8581 1301,0961 122,7351 128,3411 128,3411 1531,4911 1531,4911 Total Incomirrfj R880urces 1248,1991 1248,1991 Re8ourc•• Expendvd Charitable Activities 211,936 Property Management 4.249 Govemance Co618 22.735 Other R850urces Expended 238,920 Total Resources E4Dwded 211,936 4,249 22,735 222,215 1,683 28,341 222,215 1.683 28,341 238,￿) 252,239 252,239 292,S71 292,571 Nel Ilncomlnglloulgolng Rosources Qlher R•cowl4ed Galn8lLou•• Gains on revaluation ol Fixed A858ts 1292,5711 1292,5711 Nel Movement in Funds 12 R•conclllalion d Fund• 1160,7241 Toial Funds Brougm Fo￿ard 1473,295) Totfjl Fundg Carrled Fonvwd 1180,7241 1473395) 1473,2951 1469,255) 1473,2951 {469,2551 The statoment of financlal acllvltlos includes all gains and lovJos In th• year. All incomlng resources and resources expended darlvo from continulng actlvities. SELBY & DISTRicf HOUSING TRUST io 2020121

Selby and District Housing Trust Balance Sheet as at 31 March 2021 2019rdo Note 2020r21 FLx•d A¥s8ts 3293,012 Tangble As8ets 3,251.963 3293,012 Totsl FvA8d Assets 3,251,963 Curr•nl Aoset$ 75,717 Debbis 211,784 Cath albank and wi Iwnd 80,811 148,697 287,501 Tottl CurrenlAss8ts 9,508 Cumnt LiibllllleB 1289,1031 Credfors due witrn on8 year 1274,2401 11,6021 NelCurrentkne￿(L￿￿ll1eSI 144.7321 3,291,410 Totsl Assets ￿8S Current LllqblMe8 3,207,fJ1 Long Tenn Ll•bllltlo• 12,818,1 ISI LDan8 10 12,737,976) 12,818,115) TOÈI Long Tarm LkqblMe8 12,737,97ei 473,295 N•t 469,255 Unre￿rICt•d Fundi 1109,1391 fieval￿10n Funds 1364,1561 G&ngrd Fund5 1109,1391 1360,1161 14732951 Totsl Unre8ithd Funds 1469.2551 1473,2951 Tolol Fund• 1469,2551 For the p8ri0d ending 3111 March 2021 the company was entitled to eX8mption from Audit under section 477 of the Companies Act 2006 relating to small companies. The members have not ￿qUIred the company lo obtaln an audit of its accounts for the year in question, in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and the preparation of accounts. These accounts ar8 prepared in accordanc8 wlih the provisions applicable to the companies subject to the small companies, regime. Approved by th8 Board on 8th November 2021 and signed on its behalf by.. Councillor John Mackman. Chair Rob Parkes, Finance Director Trustee SELBY & DISTRICT HOUSING TRUST Co number 08548526 li 2020121

Notes forming part of the Flnancial Statements for the year ended 31 March 2021 1. A¢¢ountlng Pollcles The principal accounting poli¢les ar8 summarised below. Thé accounting policies have b8en applied consistently throughout the year. (a) Ba818 of accountlng The financial statements have been pr8pared under the historical cost convention, 8S modlfled by the inclusion of fixed asset investments at market value, and in accordance wtth the Companies Act 2006 and Accounting and Reporting by Charitles,. Statement of R8commended Practice {FRS 1021 issued in 2019. The use of the going concern basis of accounting Is appropriate because there are no material uncertainties r81at8d to events or Conditions that may cast significant doubt on the ability of the Trust to continue as 8 golng ¢on¢em. (b) Fund accountlng Unre5triGted funds are available for use at the discretion of the tW8tees in furtherance of the general objectlves of the Charity. Designated funds are unr8Stricted funds eamarked by the Board for particular purposes. Reslricled funds are subject lo restrictions on their expendrtur8 imposed by th8 donor or through the temis of an app8al. {c) Incomlng resources All incomlng r8sources are included In the statement of financial activlties wh8n th8 Charity is entitled lo, and virtually certaln to receive, th8 income and the amount can be quantified with reasonable accuracy. The following polici8s are applied to particular categories of Income.. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activilles when receivable. Grants, where entitlement is not condltion81 on thè delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to th8 grant. Donated s8rvices and facilities ar8 included at the value to the Charity where this can be quantified. This includes the seNIc8s of Senior Management and Company Secrelary. The Trust from time to time may call on the services of other general volunteers and the value of these services Is not included in the accounts. Investment income is includ8d when receivable. Incorning resources from granls, wh8re related to perfomiance and sp8cffic delivèrables, are accounted for as the Charity eams the right to consideration by its performaneA. Id) Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be recovared. and is reported as part of the expenditure to which it relates.. Cosls of generating funds comprise the costs associated with attractlng voluntary Incom8 and the costs of tradlng for fundraising purposes. Charitable expenditure comprises those costs incurred by th8 Charity in the delivery of its a¢tivlties and services for its beneficiaries. It includes both costs that can be allocat8d directly to such activities and those costs of an indirect natu￿ necessary to support th8m. SELBY & 015TRicf HOUSING TRUST 12 2020121

Governance costs include those costs associated with m8eting the Gonstitutional and statutory requirements of the Charity and include the indep8nd8nt examlnation fee5 and costs linked to the strategic management of the Charity. All costs are allocated belween the expenditure catégories of the Statement of Financial Accounts on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. others are apportioned on an appropriate basis e.g. estimated usage as set out in Note 3. (e) Fixed assets Fixed assets are initially measured at cost, which includes purchase price and costs attributable to bringing the asset into use. They ar8 then valued at fair value, detennin8d as the amounl that would be paid for it in its existing use as social housing, less accumulated depreciation. Depreciation is provid8d at rates calculated to write off the cost of each asset OV8r Its expected useful life, which in all cases is estimated at 60 years. Depreclalion is charged from the first year the asset is brought into use. Revaluation of buildings are undertakan at least five yearly but may be done more often if there Is evidenc8 of rapid change5 in propety values. Impaimient reviews are carried out as and when evidence comes to lighl that that the recoverable amount of a functional fixed asset is below its net book value du8 to damage, obsol8SC8nce, or other relevant factors. lfj Flnanclal Instruments The trust only has financial assets and financial Ilabilities of a kind that quallfy as basic financial Instrum8nls. Basic finan¢lal instrurnenls ar8 initl8lly r8cognised at transaction value and subsequently measured at their settlement value with the exception of the Selby District Loans which are subsequently measured at arnortised cost using the effective interest method. 2. Totsl Incomlng Rosourco8 Unr•strlct•d Rgstrlcted Fund8 Fund¥ Total 2019120 Unrostrlct•d Restrlcted Fund• Fund¥ Total 2020121 Grant from Selby Dl$trt¢t 1301.0961 Councll 122,7351 Donated Servlce8 1207.6601 Rent & Service Charges (301,096) (22,7351 {207,660} 128,3411 (219,8581 {28,3411 1219,8581 {531,491 } {531,491) 1248,1991 {248,1991 The donated seTvices are for the part-time housing manager and the v81ue of the donated services for the Managing Director, Finance Director and Company Secretary. The related costs can be seen in note 3. Thera are no unfulfilled conditions attached. 3. Total Resources Expended 8asi5 of Allocatlon Other Resourcès Charltable Actlvltles Govornance Total 2020121 Cosls dlrectly allocatgd to aGtlvltle8 Trust Administration Expenses Direct Property Development Direct Property Management Direct 11,776 119,723 90,716 1.683 13,459 119,723 119,057 28,341 28,341 222,215 1.683 252,239 SELBY & DISTRICT HOUSING TRUST 13 2020121

Basis of Oth•r Charltable Governanee AllorAtion R09)urces Activitlgs Totsl 2019120 Co*s dlroctly alloGatod to actlvltles Trust Adminislralion Expenses Direcl Property De￿loPMent Direct Property Management Direct 8,078 133,602 70.256 3,763 11,841 133,602 93,477 22,735 22,735 211,936 4,249 238,920 Other resources r8fers to the donated servlces of the Housing Manager, and for 2020121 the donated services of the Managing Dlredor, Finance Dlrector and Company Secretary. 4. Staff Costs and Numbers The Trust employs no staff directly. The Trust is provided fijnding by Selby Dlstrfct Council to employ a part-time Housing Manager. In addition, the Trust pays SDC for financial admin support. The Trust's properties are managed by SDC through a service level agreement. Other functions, e.g. Managerial Services, ar8 provided by volunteers. 5. Trustee R•munaratlon No members of the Board received any remuneration during the year. No travel costs were reimbursed during 2020121 (2019-20 - £75.IJO}. No trustee or other person related to the Charity had any personal interest in any contract or transaction entered into by the Charity during the y88r (201 ￿20 - Nil). 6. Taxatlon As a Charity, S8lby and Distrlct Houslng Trust is exempt from tax on Income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. SELBY & DISTRICT HOUSING TRusr 14 2020121

1. Tanglbla Flxed Assets Freehold Ltrasehold Asset8 Land & Land & undor Bulldlngs Bulldlngs Construcllon Total Cost or Valuatlon At 1 April 2020 Additions Transfers Revaluation Increase recognised in Revaluation Reserve At 31 March 2021 3,354.150 15,657 239,220 3,593.370 15.657 3,369.807 239.220 3 609,027 Accumulat•d D•pr•clatlon At 1 April 2020 Charge for the Year Impalrment Wrlte out A¢¢ Dep'n on Revaluation {296.0861 152,434) 14,2721 14,2721 {300,3581 (￿.708) Al 31 March 2021 (348,520) (8.544) (357,064) . Not Book Valu• At 31 March 2020 At 31 March 2021 3.058,064 3.021,287 234,948 230,676 3,293.012 3,251,983 An independent, professional valuatlon using the Existing Use Value - Social Housing methodology w85 last completed on all properties In July 2019, and it was calculated as at 31st March 2019. . Current Assets 201W20 2020121 Debtor 70,094 Selby District Council 5,623 Prepayments 8nd accrued Ir￿oMe 211,784 Cash al bank and in hand 72,580 8,231 148,697 287,501 Total 229,508

2. Credltors: Amunts Falllng Due wlthln One Year 2019120 Ré-stated 2020121 Cr•dltor 1193,3741 Selby District Council {58.5171 Loans (Selby District Council) (37.2121 Olher Creditors {188,001) 155.241) 130.998) (289,103) Total (274,240) Prior year numbers a￿ re-stated to split out the amount due within one year and due after more than one y8ar. SELBY & DISTRICT HOUSING TRUST 15 2020121

3. Creditors: Amounts Falllng Duo after morn than One Yèar 2019120 Re-statsd 2020121 Credltor {2,818,1151 Loans 12,737.9761 {2,818,115) Total (2,737.9761 The flxed assets are primarily being funded by loans from Sèlby District Council. Existing loans are rèpayable over 30 years. All of the loans ar8 secured against the title of the properties. which they wer8 Used to fund.

4. Analysls ol Net Assets between Fund8 Gon•ral Dodgnat•d Rastrlctod 31 March Funds Fund• Fund8 2020121 T8rvJible Flxed Assets Currènt Assets Current Llabilitles LOr￿Te￿n Ll8bllltles 3,251,963 229,508 {274,240} 12.737.976) 3,251.963 229,508 1274.2401 12,737,976) Net A$s•ls al 31 March 2021 469.255 469,255 Gen•rnl Dodgnatsd R•*rfct•d 31 March Fund• Fund• Funds 2019120 TaThJlble Flxed A88ets CuThenl Assets Current Liabllilies Long-Tem Liabllllios Net Ass81s at 31 March 2020 3.293,012 287,501 1289,1031 12,818.1151 473,295 3,293.012 287,501 1289.103) 12.818,1151 473,295

5. Movements In Fund8 Incomlng Outgolng Trnnthrn Rewurc&8 R•wurco$ GaSn8 & Loss0¥ 31 March 2021 2020 Unrestrlcted Funds Revaluation Funds Ge￿ra1 Fun {109.1391 {364, 1561 1248,1991 1109, 1391 1360.1161 252,239 Total Unrestricted Funds {473,2951 1248,199} 252,239 1469,2551 Total Fund5 1473,2951 1248.199} 252.239 (469,255) For further details of the revaluation see note 7. SEL8Y& DISTRICT HOUSING TRUST 16 2020121

6. Remunèration for the Independent Examlnatlon The remuneration of £4,680 related solely to the Independent Examination with no additional work undertaken.

7. Related Party Transactlons Selby District Council (SDCI nominates three of the seven Trustees positions of the Trusl. It provides funding and has donated services at no cost. It also provides paid-for servic8s under a service level agreement. Related Party transactions wilh Selby District Council were as follows.. Transactlons with SDC 2019120 2020121 Income Grants Donated Servlces Total Income 1301,0961 122,7351 (26,2631 (323,831) (26,263 Expenditure Trust Administratlon expenses Property Development Property Management Totsl expendlture 5,556 7,115 132,103 119,723 31.843 49.632 169,502 176,470 Amount r8ceivable from SDC at 31 March Amount payable to SDC at 31 March 70,094 72.580 13.070.006112,981,2181 SELBY & DISTRicf HOUSING TRUST 17 2020/21