2023-03-31-accounts

HOUSING TRUST Selby and District Housing Trust (A company limited by guarantee) Report and Flnanclal Statements For the Year Ended 31 March 2023 Charity Number 1157240 Company Number 08548526 OFFiaAL

Selby and District Hou8lng Trust (A company limited by guarantee) Financlal stateménts For the Year Ended 31 March 2023 Contents Page Report of the Board Ind8P8ndent Examiners Report ststefflent of Financial Activiti8S 10 Balance Sh88t 11 Not88 formlng part of the financlal statement8 12- 17 SELBY & DISTRI￿ HOUSING TRUST oIIciAL 2022123

Selby and Dlstrlct Houslng Trust Report of the Board for the year ended 31 March 2023 The Board present8 its directors, report and financial statements, jrKlep8ndently examlned, for the year ended 31 March 2023. Relerence and Admlnlstratlve Information Charity Name.. Selby and District Housing Tiust Charity regi5tratvJn number.. 1157240 Cornpany registration number.. 08548528 Registered Office and operational addrass: The Civic Centre, Doncaster Road, Selby Y08 9Fr Board Membern Councillor John Maurice Mackman Robert John Chambers Director and Chair (Council appointed Trustee) Oireclor and Vlce Chair (Ordinary Truslge) Councillor Stephanie Duckett Mrs Gilllan Ivey Michael Rlchard Werritt (resigned 19 December 2022) Alan Catterick Dlrector (Council appointed Trustee) Director (Council appointed Trust88) Director (Ordinary Trustee) Dlrector (Ordinary Trustee) Secretary and Dlrector Sarah Thompson Managlng Dlrector Stuart Robinson Flnance Dlre¢tor Rob Parkes Independent Examinèrn - Saffery LLP, Mitre House, North Park Road, Harrogate HG15RX Bankers - Barclays Bank plc, of Market Place, Selty. Y08 4NX Sollcltors - Trowers & Hamlins LLP {3 Bunhill Row, London, EC1Y 8YZ> SELBY & DISTRICTHOUSING TRUST OFIICIAL 2022123

Structure, Governance and Management Governin Document Selby District Housing Trust (Ihe Trust,) is a public benefft entity limited by guarantee, incorporated on 29 May 2013 and registered as a Charity on 29 May 2014. The trust is In￿rpOrated In the UK and registered in England and Wales. Tlie Gumpany was established under a Memorandum of Association which 8Stabllshed the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up members, and ex-members within I￿e1ve months of ceasing to be members, are required to Gontribute an amount not ex¢eeding £10. cruitmen an ointm he Board The directors of the company are also Charty trustees for the purposes of Charity law and under the Company's Articles ar8 known as members of the Board. There are seven trustee posttions, thr88 Council Trustees, nominated by North Yorkshire Council (previously Selby District Council'> and four individuals appointed or elected as Ordinary Trustees. The Board has Iwo vacanciés 8nd the Board is not seeking applications based on the declsion to wind up the Trust. Under th8 requirements of the Memorandum and Articles of Associatlon the Councll Trustees shall be appointed by North Yorkshire Council to $8rve for such period of office as shall be conflrmed by the Council. One Ordinary Trustee must retire al each annual General Meetlng, the longest in office retiring flrsl and the cholce behveen any of equal service being made by drawing lots. Each retiring Ordinary TTUStee shall be eligible for reappointment at the Annual General Meeting but if they are not reappointed the retiring Ordinary Trust88 shall vacate office at the conclusion of the meeting. All members of the Board give their time voluntarlly and recelved no benefits from the Charty. Any expenses reclaimed from the Charity are set out in note 5 to the accounts. Indu n and Tralni New Trustees are given an inductlon session with Trust Officers. This session provid88 the Trustee wrf(h expeclatlons of them in the role as well as governance arrangements and th8 latest position on current schemes. New Trustees are provided with a welcome pack that Includes the Articl8s of Association and the Charlty Commission Guidance entitled 'The Essential Truste8'. kman The Trust has an organisational risk reglster which is reviewed by the Finance and Governance Committee each time it meets. Systems and procedures have been established to mitigate the risks the Chanty faces and the risk register is updated on a six-monlhly basis. Key risks identified in the register are around health and safety, capacity and resilience of the Trust. All have risk mitigationlcontrols in plac8. anisalion truclure The Selby and District Housing Trust has a Board of Tru5tee8 of up to seven members who meet quarterly and are responsible for the strategic direction and policy of the Charty. At Note that on l April 2023 a new unitary council was launched for North Yorkshire. North Yorkshire Councll. This replaced 7 distrirt or borough councils includin8 Selby District Coundl. SELBY & DISTRICT HOUSING TRUST o&iaAL 2022123

present the Board has 6 members from a variety of professional backgrounds relevant to the work of the Charty. The Board is supported by a Managing Director, a Financial Director and the Company Secretary. These posts are filled by volunteers. Until last financial year, North Yorkshire Council provided funding for the appointment of a part-time Housing Manager who also supported the Board. The full services of this role are no longer required and responsibility for support to the Board has passed to the Company Secretary. Relatsd Parties In so far as it is complementary to the Charity's objects, the Chartty is guided by both Ioc81 and national policy. At a local level North Yorkshir8 Council has offèred funding and has donated services as well as allowing rf(s staff to provide services under th8ir volunteer programme at no cost to the Trust. OurAlm8 and objectlves oses and A. Our Charity's purposes as s8t out in the objects contained in the Company's memorandum of association are to carry on for the benefit of the community (on a not-for-profft basis).. a. The provision and management of housing, social housing, hostels and other resldential accommodation to peopl8 in necessitous circumstances., b. The provlslon of associated amèniti8s, facilities and services for those housed by the Charlty or for the reli8f of aged, di58bled (whether physically or mentally) or chronically sick people., and on a basis which 18 associated vAth or incidental to objectives a and b c. The provision of recreation or other18lsure faclllties in the Interest of 50¢1al welfare; d. The relief of povety.. e. The advancement of educa￿0￿, tr8inlng or retraining, particularty among unemployed people and providing unemployed people with work experience., f. The maintenance, improvement or provision of publlc amenities for the public bgneflt in the interests of regeneration in areas of social and economic deprivation., g. Any other charitable object that can bè carried out from time to time by 8 comp8ny registered as a provlder of social housing Wlth the Regulator. The aims of our Charity are to provid8 housing at 80% of market rent to those meeting the criteria set out in a. or b. above. EnsLsrin our work our aim The Trust has a 30 year Finance Plan, which will be handed over to the Councll upon the sal8 of the homes. We review our govemanee arrangements each year, and we have referred to the guidan￿ contained in the Charity Commission's general guidance on public benefit when we review our aims, objectives and in planning future activities. Th focus of our work The Trust's original five year plan was to provide 56 homes which we can offer at 80 % of the prevailing market rent to those who meet our tenant criteria. In 2014115 we acquired two separate sites in Tadcaster which provide 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 Ulleskelf, our first s106 purchase. Six homes were handed SELBY & DISTRICT HOUSING TRUST oIIciAL 2022123

over to us in late 2018, and the remaining six came across in April 2019, all were let immediately. In addition, the Trust took handover of a further 12 new bulld houses in Selby town in the first half of 2019120. At the end of 2021122 the Trust owned 34 homes. No development opportunities have been pursued since then ￿yond the discussion stage. As such the Trust has not added to its portfolto over the past year. In 2021, North Yorkshire Council (then Selby District Council) updated its Medium Term Financial Strat8gy. The updated Strategy materially changed the Council's approach lo its housing development plans as the Council will now support the development of homes in Selby solely through its own means (i.e. rt Mll only support direct delivery by the Coundl itselfj. As such, Council loans and grants will no longer be made available to the Charity for development purposes. Th6 Trust has not sought to expand its portrolio through third paty developers in the year. There are no paid employees of the Trust. The Council ceased employing a part time Housing Manager in March 2022. The Housing Manager's role was to support the Trust to develop and grow its business and, working closely wilh the Council, ensurlng our properties are managed well giving excellent CU8tom8r service. The Trust's homes are managed and maintained by North Yorkshire Council through a Service Level Agreement. Because the Trust is not developing or growing at this stage it has not been necessary to flll the vacant Housing Manager role. In addition, the Trust pay North Yorkshire Councll for 180 hours per annum of financial administration support. Other managerial and administrative servlces are being provided on a volunteer basis by Staff with the relevant Skills and qualifications. Staff are sometimes, but not exclusively employed by North Yorkshire Council. This is estimated to b8 approximately 266 hours per annum in total with the value equal to £5,778 (this is included in the Accounts a8 a donated servlc8) (£5,300 also for the previous year ended 31￿ March 2022). How our actlvltlos dellver publlc bonefft Our main activities and who Y￿ ty to help are described in our purposes and alms. All our charitable activities focus on the housing market and are und8rtaken to further our charitable purposes for the public benefit. sed and ben fited from our services? At the end of 2022123 the Trust provided 34 affordable homes for rent to the residents of Selby District. Occupation has been good wrth four of the Trust's properties coming void in the year and tenants have been satisfied with the homes provided by the Trust. The main area of charitable activity and the achievements that flowed from our work during 2022123 are related to the provision of affoTdable homes for rent in Selby District. The Trust continued to operate as a Landlord dudng 2022123, providing 34 homes in the District. The Twst continued to work closely with North Yorkshire Council. Flnanelal Revlew Wrth continuing limited resources the Charity had satisfactory financial perfoimance for the period. We successfully managed the 34 properties but with some void loss- four properties became void in the year with our occupation rate at 98.70/0 against a target of 97.5%. Our rent arrears remain low at 4.9°A las al March 2023), just below our target of 50k. The Trust made a loss in the financial year of £4k. There was no capital expenditure in the year. SELBY & DisTricf HOUSING TRUST OFlIc￿L 2022123

Princi al Fundin Sources North Yorkshir8 Council has funded the Trust by offering loans and grants where appllcable, to acquire and dévelop suttable propety for th8 Trust. The loans ar8 repayable over a p8rlod of 30+ years and incur interest charges abovè thè prevailing Public Works Loan Board interest rate at the time of signing the loan. Investment Polic Aside from retaining a modest amount in the General Reserve each year most of th8 Charity's funds are to be spent in the short term so currently there are no funds for long term investment. The Board has decided that repaying the loans advanced by North Yorkshire Council at present tskes priority over building up reserves to invest extérnally. rves Pdic There are no restricted fvnds at 31￿ March 2023 (Nil at 31* March 2022). All unrestrlcted funds must be used to further the charitable purpose of th8 Trust. Reservés as at 31 st March 2022 vRre £22,412 reduclng to £18,454 as at 31 st March 2023. nc The Financial Statements have been prepared on a basis other than going concern. The Trust is in the process of selling its housing assets to North Yorkshire Council prior to winding up the Trust. The housing assets have been written down to thelr net realisable value. No oth8r accountsng adjustrnents have been made in relation to this matter. There are no other foreseen costs of winding up thè Trust with the exception of18gal and administrallve costs. The Trust remains rellant on the Council for services up to the point of sale and there are no indications that the Council intends to remove or restrict the acce5S to these services in this period. The transaction dale for the gale and completion of the wind up process have yet to be set. Further detsils can be found In the accounting policies and in the Plans for Future Periods. for Futur The Trust has undertaken a revlew of its 8Ctlvit18s as a resuK of the Council's decision to review its own housing development plans. This followed a change in the operating environment due to Covid-19 and the Local Government re-organisation across North Yorkshire. The Trustees have delermined that th8 best outcome for the Trust and its original aims is to sell the houslng assets to North Yorkshire Council and subsequentty wind up the Trust. The Trust is in the process of finalising the sale transaction and will then seek to wind up the Trusl. It is anticipated that the sale proceeds will allow the Trust to meet all of its obligatlons and to settle all of its liabiliti8S. SELBY & DISTRICT HOUSING TRUST o&IciAL 2022123

Statement ol trustees. responsibilities The trustees (who are also directors of Selby & District Housing Trust for the purposes of company lawl are responsible for preparing the Trustees, Report and the finanaal statements in accordancè with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable cornpany and of the incoming resources and applicab'on of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting pollcies and then apply them conslstently; observe the methods and principles in the Charities SORP IFRS 1021,. make Judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepar8 the financial Statements on the going concem basis unless it is inappropriate to presume that the charty will continue in business. The trustees are responsible for keeping proper accounting records that disclose w￿h rèasonable accuracy at any time the financial position of the charitable company and enable them lo ensure that the financial statements compty with the Companies Act 2006. They are also responsible for safeguarding the assels of the charitable company and hénce for taking reasonable steps for the prevention and detection of fraud and other irregularities. embe e Board Memb8rs of the Board, who are director8 for the purpose of company law and trustees for the purpose of Charrty law, who served during the year and up to the date of this report are set out on page 2. In accordanc8 with ¢omp8ny law. as the company's directors, we certify that.. so far 8s we ar8 aware, there is no relevant examiners 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 ougm to have taken in order to make ourselves aware of any relevant examiners information and to establish that the Charity's independent examiners are aware of that infomation. This report has been prepared in accordance with the Statement of Recommended Practlce applicable lo charities preparing their accounts in accordance Accounting and Reporting by Charities.. Statemenl of Recommended Practice IFRS1021 {2019) and in accordance w￿h th8 special provisions of Part 15 of the Companies Act 2006 relating to small entities. Approved by the Board on 18, December 2023 and signed on its behalf by: Counclllor John Maekman. Chalr SELBY & DISTRIC[ HOUSING TRUST oAiaAL 2022123

Independent exomlner's report to the trustees of Selby & Dlstrict Houslng Trust {'tho Ccrfnpany'l I report to the charity trusteès on my examination of the accounts of the Company for the year ended 31 March 2023. Respective responsibilit188 of trustees and examiner As the ch8rty's trustees of the Company (and also its dir8Ctors for the purpos8s of company law) you are responsible for the preparation of the accounts in accordance with th8 requirements of the Companies Act 20061.the 2006 ACY). Having satisfied myself that the accounts of the Company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respgct of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying OLrt my examination I have followed the Direction5 given by the Charity Commlsslon under section 145(5) {b) of the 2011 Act. Basis of independent examiner's r8POrt My examinatlon was carried out In accordance Mth the general Directlons given by the Charity Commission. An examinatlon includes a revSew of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanallons from you as trustees concerning any such matters. The procedures undertaken do not provlde all the evldence that would be required in an audSt and consequently no opinion is given as to whether the accounts present a 'true and falr view, and the report is limited to those matters set out in the statement below. Independent examlner's statement I have completed my examination. I confirm that no rnatt8rs have come to my attention In connection wlth the examination gNing me cause to believe that in any material r8spect.' 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Acl., or 2. the accounts do not accord with those records., or 3. the a￿Ounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair vi8w' which is not matter consldered as part of an Independenl examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charitie5 preparing their aGcounts in accordance wtth the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021. Other matters We draw attention to note 1 of the fsnancial statements which describes how The Board of Selby & District Housing Trust have made the decision to wind up the Irusl, and as such the Board Members do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial ststements have been prepared on a basis other than going concern as described in note 1. SELBY & DISTRICT HOUSING TRUST okiciAL 2022123

I have no concerns and havè come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a pro under6tanding of the accounts to be reached. Slgned.. Sally Appleton Institute of Chartered Accountants in England and Wales Saffery LLP Mitre House North Park Road Ha￿09a18 HG15RX Data: 20 December 2023 SELBY & DISTRICT HOUSING TRUST oaiciAL 2022123

Selby and Distrlct Housing Trust statement of Flnanclal Activities lincluding Income & Expenditure Account) for the year ended 31 March 2023 Unr•th¢tsd Funds 2021122 Unr•stri¢tsd Fund$ 2022r23 Tot41 Fun 2021Q2 T+)tsl Fundi Incoming R•8oufe IrKoming Resc￿¢9frOM 1229,8021 1229,802) Rent IrKom8 r Inco￿ng Rajources 128,7551 ￿aknj 1229.8741 1229.8741 13.3811 13.3811 15,7781 15.7781 128,7551 1258.5571 Q58.55n Tclol IrMmir¥J Rès￿r¢s3 1239.0331 1239.0331 R••ourw Exp•nd•d Chitat49 Acbvth'05 670,537 Property manage￿nI 6,108 GJvemanc4 Costs 28,755 Otr*r Reg)WCg8 Exwdfjd 705,400 Toll Resourc89 ExwThled 670,537 6,108 28,755 216,816 216,616 20,gJ6 5,718 5,778 705.400 242,9)) 242,￿0 446 843 Nel ￿01￿ Re￿U[Cès (￿h•r R•cognl••d &inwLou Gain$ on rgvabJatKfi ol Fix 446,843 446.843 Not Movem￿1 In Fur￿$ 12 3,867 3,867 R•con¢lll•llon ol Funth 1469.2551 1469,2551 Total Brwght FcThThd (214121 122,4121 Totsl Funth Clrrfed Forward 122,4121 118.5451 122.4121 118,5451 The statement of flnanclal actlvltle8 Includgs all galns and losses in the year. SELBY & DISTRICT HOUSING TRUST oIAciAL 2022123

Selby and Distrlct Houslng Trust Balance Sheet as at 31 March 2023 2021r22 2022123 Flx•d Ass•ts 2,769,994 T￿gI￿Ae A#%ts 2,Th.585 2,769,W Total Fixed Asgets 2,720.585 Curr•ntA•Mts 186,899 Dobio 15,427 Cash a1￿k aTrJ in 82.072 128,778 202.327 T¢)11 CU￿￿nIA5?8ts 210,850 Curr•nt U4bNIII 1270.6e61 Crndilors th wlhin year 1294,4761 168.3591 Nel Curwert 183,6251 2 701625 Total As2ets1855 CLwf8nt L￿1￿•5 Long T•mi U•bllhl 12.679,2121 tn@rYa 10 12.618.415) 12,679.2121 Total Long T6ym Llabilliks (2,618,415) 22.413 Il•tAu•l• 18,546 Unr••tsl¢t•d Funth Revajth FLmdJ 122,412) Gemral F 118,5451 122,4121 Totsl Unmgtrthd FurKts 118.Y51 14121 Totsl Fun 111,5451 For the period ended 31" March 2023 th8 company was entttlèd to eX￿npIlon from Audlt under section 477 of the Compantes Act 2006 relatlng to small companies. The members have not required the company lo obtain an audit of its 8ccounts for the year in question, in accordance with sectlon 476, and The directors acknowledge their responsibillties for complying with the requirements of the Act wrth respect to accounting records and the preparation of accounts. These accounts are prepared in a￿ordanCe wkh the provisions applicable to the companies subject to the small companies, regime. Approved by the Board on 18th December 2023 and signed on Its behalf by.. Counclllor John Mackman, Chalr Company nUm￿r 08548526 Rob Parkes, Finance Director SELBY & DISTRICtHOUSING TRUST 2022123

Notes fomilng part of the Flnanclal Slatements for tho year onded 31 March 2023 1. Accountlng Pollcles The principal accounting policies are summarised below. The accounting wlicies have been applied Consistently throughout the year. {a) Ba818 of a¢countlng The financial statements have been prepared under the historical cost convention, as modified by the Inclusion of fixed asset Investments at market value, and in accordance with the Companies Act 2006 and Accounting and Reporting by Charities.. statement of Recommended Practi￿ (FRS 1021 issued in 2019. The use of the going concern basis of accounting is not appropriate and so the accounts have been prepared on a basis other than going concern. The Trust is in the process of sèlling its housing assets to North Yorkshire Council prior to winding up the Trust. The housing assets have been wrltten down to their net realisable value. Fixed assets continue to be recorded as non-current assets as their use has not changed. No other accounting adjustments have been made in relation to this matter. There arè no other foreseen costs of windlng up the Trust wlth the exception of legal and administrative costs. The Trust remains rellant on the Councll for services up to the point of sale and there are no indicatSons th8t the Councll intends to removè or restrict th8 access lo these services in this period. The transaction date for the sale and completion of the wind up process have yet to bè set. At Ihe lime of 5811ing the properties to North Yorkshire Council, the intention Is to settle the loans to North Yorkshire Council. The contractual temis of the loans, however, have not changed and thérefore part of the loans continue to b8 recorded as non-current despite the inlenlion to settle them within 12 months. {b) Fund accountlng Unr8Strict8d fijnds are available for use at the dis¢rellon of the trustees in furtherance of the general objectives of the Charity. Designated funds are unrestricted funds earmarked by the Board for particular purposes. Restricted funds are subject to r8Strictions on their expenditure imposed by the donor or through the terms of an appeal. (cl Incomlng resources All incoming resources are included in the statement of financial activilles when the Charty is entitled to, and virtually certain to receive, the income and Ihe amount can be quantified with reasonable accuracy. The following policies are applled to particular categories of income- Voluntsry income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grant5, where entitlement is not conditional on the delivery of a specific performance by the Charty, are recognised when the Charity becomes unconditionally entitled to the grant. Donated services and facilities are included al the value to the Charity where this can be quantified. This includes the services of Senior Management and Company Secretary. The Trust from time lo time may call on the services of other general volunteers and the value of these services is not includ8d in the accounts. Inv8Stm8nt income is induded when receivable. SELBY & DISTRICT HOUSING TRUST oèAciAL 2022123

Incoming resources from grants, where relatéd to performance and spectf deliverables, are account&J for as the Charty eam5 the right to consideration by its perfomiance. {d) Resources expended Expenditure is recognised on an accrual basis as a liabilty is incurred. Expenditure includes VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the Charity In the delivery of its activities and serVI￿S for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governanc8 c05t5 include those costs associated with meeting th8 constitutional and statutory requirements of the Charity and include the indep8ndgnt examination fees and costs linked to the strategic management of th8 Charity. All costs are allocated between the expenditure categories of the Statement of Financial Accounts on a basis designed lo 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) Flxed asset8 Fixed assels are initially mèasured at cost. which includes purchase ￿ee and costs attributable to bringing the asset into use. They are then valued at fair value, determined as the amount that would be p81d for it in its existing use as social housing, less accumulated depreciation. Depreciation is provided at rates calculated lo write off the cost of each asset over its expected useful1rf8, which in all cases is estimated at 80 years. Depreciats'on is charged from the first year thè asset is brought into use. Revaluation of buildlngs are undertaken al least five yearly but may be done more often rf there is evidence of rapid changes in property values. Impairment revlaws are c8rried out as and when evidence comes to light that that the recoverable amount of a fvnctional fixed asset is below ils nel book value due to damage, obsolescence, or other relevant factors. Flxed assets were Impaired In the year ended 31•t March 2022 to reflect the recoverable value under the sale to the Council. lfj Flnanclal Instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value wth the exception of th8 North Yorkshire Council Loans which ar8 subsequently measured at amortised cost uslng the effective interest method. SELBY & DISTRICT HOUSING TRUST oIAaAL 2022123

1. Total Incoming Resources Unr951Ykt•d Restricted Funds Funsts Tt)tal 2021122 Unr•5ts1eted Restrkt•d Funds Funds Total 2022123 128,7551 1229,8021 128.7551 o￿ated Setvl¢es 1229.8021 Rent & Service Ch8rg8S Olher Inco 15,7781 (229.8741 13.3811 15,7T81 1229,8741 13.3811 1258.5571 1258.5571 1239.0331 1239.033 The donated services are for tha value of the donated sefvices for th8 Managing Director, Flnance Director and Company Secretary. The related costs can be seen in note 3. There are no unfulfilled conditions attached.
2. Total Re8ourco8 Expended Basls 01 Charltsbl• Gov•fnanc• Alloc•tlon Ruourc•s Actlvltl•• Total 2022123 Costs dlr•ctly Allocal•d lo actlvltl•¥ Trust Admlnlslrallon Expenses Dlrecl Property Development Dlrecl Property Management Direct 14,673 115,423 86,520 20,506 35,179 115,423 92.298 5.778 5,778 216,616 20,506 242.900 Basls of oth•r Charitsbl• Oov•man¢• Allocauon R•sourc•s Actlvltles Tol41 2021122 Costs dlrnetly 4lloc•t•d to artlvltl•s Trust Adminislralion Expense8 Direct Property Development Direct Property Management Direct 18,089 127.981 524,467 8.108 24,197 127,981 553,222 28,755 28 755 670.537 6,108 705.4 Other resources refers to the donated servic8s of the Managing Dlrector, Finance Director and Company Secretary.
3. staff Costs and Numbern The Trust employs no staff directly. The Trust pays North Yorkshire Council (NYC) for financial adrnin support. The Trust's properts.es are managed by NYC through a se￿ICe level agreement. Other functions, e.g. Managerial Services, are provided by volunteers.

4. Trusteo Remunoration No members of the Board received any remuneration during the year. No travel costs were reimbursed during 202212312021122 - Nil). No trustee or other person related to the Charty had any personal interest in any contract or transaction entered into by the Charity during the year (2021122 - Nil). SELBY & DISTRICT HOUSING TRUST oIIciAL 2022123

5. Taxatlon As a Charity, Selby and District Housing Trust is exempt from tax on income and gains falling within sectlon 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to tts charitable objects. No tax charges have arisen in the Charity.

6. Tanglblo FIX￿ Assets Fr••hold Lea8ehold Land & Land & undor Bulldlng¥ Bulldlng• Conknuctlon Total Coal or Valuatlon At 1 April 2022 Additlon8 Transfers Ro￿lusI10n Increase recoJnS8ed in Revaluation ReseThe At 31 March 2023 3.369,807 239,220 3,809,027 3,369,807 239.220 3,609,027 Accumulat•d D•pv•¢lallon Al l April 2022 Charge for the Year Impairrnent Wrfte OLrt Acc Dep'n on Re*luatli 1826,22n {45.S951 {12,8161 13,7041 1839,0431 149,3991 Al 31 March 2023 1871,9221 116,5201 1888,4421 Not Book V•lue At 31 March 2022 At 31 March 2023 2,543.580 2.497,886 228,404 222,71)0 2,769,984 2.720.585 An independent, professional valuation using the Exlsting Use Value- Social Housing m8lhodology was last completed on all properti8s in July 2019, and it was calculated as at 31 st March 2019. An impairment of £425k was charged in 2021122 because the Trust Implemented plans to sell rts assets to North Yorkshire Council at less than the previous book value. This transaction and pricing has been agreed with the Charity Commlssion. This greement was provided by way of an Order. which expires on 25lh January 2024. The valu8 8131" March 2023 is the Impaired asset value less depreciation.

7. Current Assets 2021122 2022123 D•btor 179.111 North Yorkshlre Council 7,788 PrepayrntrThts and accrued inco 15.427 Cash al bank and In hand 73.CM)6 9,087 128,778 202,327 Totsl 210,850 SELBY& DISTRICT HOUSING TRusr olaciAL 2022123

8. Creditors: Amounts Falling Du6 wlthln One Year 2021122 2022123 Cvedltor 1193,754) North Yorkshire Council 157,5261 Loans INorth Yorkshiie Council) 119.4061 Other Creditors 1209,3941 159.5111 125.5711 1270.6861 Total 1294,4761

9. Credltors: Amounts Falllng Duo after more than One Y•ar 2021122 2022123 Cr•dltor 12,679,212) Loans 12,618,415) 12,679,212) Tot•1 12,618,415) The fixed assets are primarity being funded by loans from North Yorkshire Council. Existing loans are repayable over 30 years. All of the loans are secured against the title of th8 properties, which they were used to fund.

10. An41y$ls of Net A88et8 between Fund8 G•n•ral Fundg 31 March 2022r23 Tangible Flxed A$8et8 Current A8sets Current Liabilities Long-Term Liablliltes 2,720,585 2,720,585 210,850 210,850 1294,4761 {294,4781 12,618.4151 12,818.4151 Net Assets al 31 March 2023 18,545 18.545 O•n•ral Funds 31 March 2021122 Tangible FrAed Assets Current Assets Current Llabililies Lona-Term Liabllilles Net Assets al 31 March 2022 2,769,984 2,769.984 202,326 202.328 1270.686} 1270,6861 12.679.212} {2.679,2121 22.412 22,412 SELBY & DISTRICT HOUSING TRUST oèficiAL 2022123

11. Movements in Funds 1 Aprll 2022 Incomlng Outyolng Resources Resoureès 31 March 2023 Llnr•stri¢t•d Funds General Fund 122,412) 1239.0331 242.900 --L22:412J....._L239:033)......-..-.........-.......... 242.900 118,545) Total Unrestri¢led Funds Total Furttls (22,4121 (239.033) 242,900 118.545) For further details of the rèvaluab'on see note 7.

12. Remunoratlon for the Independent Examlnatlon The remuneration of £8,000 related solely to the Independ8nt ExaminatSon wlth no additional work undertaken (£11,000 in 2022 for the Ind8pendenl Audit with no addttlonal work undertaken).
13. Related Party Tran8a¢tlons North Yorkshire Council (NYC) nominates thr88 of the seven Trustees positlons of the Trust. provides funding and has donat8d services at no cost. It also provides paid-for services under 8 servic818vel agreement. Related Party transactions with North Yorkshire Council were as follows.. Tran8a¢tlon6 wlth NYC 2021122 2022123 Income Grants Donated SeNices Total Incorne {28,7551 15,7781 128,7551 16.7781 Expenditure Trust Admlnistration exFense8 Property Development Property Management Total expendlture 4,607 4,655 127,981 115,423 22,700 24.562 155.288 144.640 Amount receivable from NYC at 31 March Amount payabl8 to NYC at 31 March 179,111 73,006 12,930,492112,887,3201 SEL8Y & DISTRI￿ HOUSING TRUST ICIAL 2022123