2020-12-31-accounts

CONTENTS
Officers and Charity information,		including		reference		and administrative	details
Report ofthe Trustees
Statement ofTrustees'	Responsibilities		and	Trustees'		Approval
Audit Report
Statement of Financial Activities		(incorporating			the Income and Expenditure			Account)
Balance Sheet
Statement ofcash flows
Notes to the Financial Statements

TRUSTEES			Dr I A Blomfield (Chairman)	Dr I A Blomfield (Chairman)	Dr I A Blomfield (Chairman)
			Mrs G M Cartwright
			Mr N A Wainman
			Mr M CAndrews
			Mr J Campbell
			Mr M A Payne
			Mrs S M Higgs
			Mr I W Shaw
			Mr M J Wilson
BANKERS			NatWest pic
			8 Park Row
			Leeds
			LS11QS
			Barclays Bank pic
			10Market Street
			Bradford
			BD11NR
INVESTMENT	MANAGEMENT		Investec Wealth 5	Investment		Ltd
			4th floor
			Wellington Place
			Leeds
			LS14AP
ALMSHOUSE	MANAGEIVIENT		Leeds and Yorkshire	Housing		Association
			2 Shire Oak Road
			Leeds
			LS6 2TN
AUDITOR			Saffery Champness	LLP
			Mitre House
			North Park Road
			Harrogate
			HG1 SRX
REGISTERED	OFFICE		c/o Wrigleys Solicitors		LLP
			17-21Cookridge Street
			Leeds
			LS2 3AG
REGISTERED	CHARITY NUMBER		1179665
SUBSIDIARY HOMES AND COMMUNITIES		AGENCY
NUMBER			A1920

Harrison and Potter Trust	Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31December 2020
VFM Metrics								2020	2019
1—Reinvestment percentage								6.290	27.790
(New investment in properties as a percentage		oftotal		properties		held)
2A —New supp!y delivered (percentage)								N/A	N/A
(New social housing units developed	as a percentage			of social	housing		units
held)
2B —New supply delivered (non-social	housing	units)						N/A	N/A
(Non-social housing units developed	as a percentage			of total	housing		units
owned)
3 —Gearing percentage								N/A	N/A
(Loans less cash as a %ofthe value of	housing	properties)
4 —EBITDA MRI interest cover percentage								N/A	N/A
5 —Headline social housing cost per unit								E6,662	66,748
{Social housing costs excluding depreciation		divided		by social	housing		units
owned)
6A —Operating margin								-15'Yo	-31%
{Operating surplus as a percentage of	turnover	from	social housing			lettings)
6B—Operating margin overall								-10'Yo	-21%
(Operating surplus as a percentage of	turnover)
7- Return on capital employed (ROCE)	percentage							-1%	-190
(Operating surplus as a %oftotal assets less current			liabilities)

			Unrestricted	Restricted	Total funds	Total funds
		Notes	funds	funds	2020	2019
			f		f	f
Income from:
Charitable activities			351,412		351,412	339,815
Investments			180,312		180,312	165,199
Total			531,724		531,724	505,014
Expenditure on:
Raising funds			30,208		30,208	30,935
Charitable activities			420,858	17,191	438,049	443,934
Total			451,066	17,191	468,257	474,869
Net {losses)/gains on		13	{110,503)		{110,503)	583,889
investments
Net (expenditure)/income			(29,845)	(17,191)	(47,036)	614,034
Transfers between	funds
Net movement in funds			(29,845)	(17,191)	(47,036)	614,034
Reconciliation offunds:
Total funds brought	forward		6,673,018	386,884	7,059,902	6,445,868
Total funds carried	forward	18	6,643,173	369,693	7,012,866	7,059,902

			IVote	2020	2019
				f
Fixed assets
Tangible assets			ll	687,676	719,404
Investment properties			12	320,000	320,000
Investments			13	5,322,217	5,386,840
Total fixed assets				6,329,893	6,426,244
Current assets
Debtors			14	30,850	35,219
Investments			15	552,058	552,058
Cash at bank and in		hand		362,989	141,831
Total current assets				945,897	729,108
Creditors: Amounts		falling due within one year		(262,924)	(95,450)
Net current assets				682,973	633,658
Total assets less current liabilities				7,012,866	7,059,902
Net assets				7,012,866	7,059,902
The funds ofthe charity:
Unrestricted funds
Unrestricted general funds			18	5,978,252	6,086,741
Designated funds			18	664,921	586,277
Total unrestricted	funds		18	6,643,173	6,673,018
Restricted funds			18	369,693	386,884
				7,012,866	7,059,902

at 31December 2	020
						Notes	2020	2019
							f	f
Cash flows provided	by/(used in) operating		activities			23	111,115	(75,555)
Cash flows provided	by/(used in) investing		activities
Purchase oftangible	fixed assets						(24,389)	(14?,962)
Investment income							180,312	165,199
Purchase of listed investments							(833,996)	(307,278)
Purchase ofcurrent	asset investments							(70,000)
Proceeds from sale	oflisted investments						821,095	230,537
(Increase)/decrease	in cash held by the	investment		manager			(32,979)	75,488
Net Cash flows generated from/(used		in) investing			activities		104,571	(54,016)
Net increase (decrease) in cash and cash equivalents					in the year	a	221,158	(129,571)
Cash and cash equivalents at 1January		2020					141,831	271,402
Cash and cash equivalents at 31December			2020				362,989	141,831

						As at01	Cash	As at31
						January	flows	December
						2020		2020
						f	f
Cash	at	bank	and	in	hand	141,831	221,158	362,989
						141,831	221,158	362,989

						2020	2019
						f	f
Investment management			fees			30,208	30,935
nalysis ofexpenditure		on	charitable	activities
			Social housing		Provision of	Total	Total
				lettings f	gran'ts	2020 f	2019 f
Management costs				88,655		88,655	89,793
Depreciation				56,117		56,117	49,686
Bad debts				9,?19		9,719	8,049
Service costs				147,430		147,430	143,386
Routine maintenance				27,185		27,185	41/36
Planned maintenance				29,095		29,095	14,208
Support costs				46,523		46,523	50,987
Vouchers for residents					2,500	2,500	5,000
Grants to external	bodies				30,825	30,825	41,289
(note 7)
				404,724	33,325	438,049	443,934
overnance costs included			in support	costs:
						2020	2019
						f	f
Audit and accountancy						15,079	15,886
Legal fees						10,017	18,370
Clerk to the Trustees						20,284	15,688
						45,380	49,944
nalysis ofgrants made
						2020f	2019
Vulnerable people and		the	homeless			16,319	25,616
Support to the over	60's					14,506	15,673
Resident food vouchers						2,500	5,000
						33,325	46,289

his is stated a	fter chargi	ng:
				2020	2019
					f
Depreciation	ofhousing	properties		17,191	17,191
Depreciation	ofother tangible		fixed assets	38,926	32,495
Operating lease rental				3,110	778
Auditor's remuneration
Current year:
-for audit services				7,800	9,792
-for non-audit	services	—accountancy		4,080	6,094
Prior year:
-for audit services				3,199

			2020	2019
			No.	No.
Average	number	ofemployees	1	1

	Freehold land and buildings	Freehold land and buildings
		Lovell Park	Heating	Fixtures &
	Raglan Road	Road	Systems	Fittings	Total
Cost/Valuation
Cost b/fwd	719,326	146,115	590,606	102,750	1,558,797
Additions			7,826	16,563	24,389
Disposals
Revaluation
Cost c/fwd	719,326	146,115	598,432	119,313	1,583,186
Depreciation
Depn b/fwd	422,458	56,099	258,086	102,750	839,393
Charge for the year	14,387	2,804	37,328	1,598	56,117
Disposals
Revaluation
Depn c/fwd	436,845	58,903	295,414	104,348	895,510
NBV c/fwd	282,481	87,212	303,018	14,965	687,676
NBV b/fwd	296,868	90,016	332,520		719,404

	Freehold Land at
	Barwick in Elmet
	f
Valuation
At 1January 2020	320,000
Revaluation
At 31December 2020	320,000
Net BookValue
At 31December 2020	320,000
At 1January 2020	320,000

		2020	2019
		f	f
At market value:
At beginning ofyear		5,179,646	4,519,016
Additions		833,996	307,278
Disposals		(821,095)	(230,537)
(Decrease) in market value		(110,503)	583,889
At end ofyear		5,082,044	5,179,646
Cash held by the investment	manager	240,173	207,194
		5,322,217	5,386,840

Debtors
			2020	2019
			f	f
Due within one year:
Rent and service charges due			31,974	26,685
Bad debt provision			(24,281)	(20,09?)
Other debtors and	accrued	income	23,157	28,631
			30,850	35,219
Current asset investment
			2020 f	2019f
Charities Official Investment		Fund Deposit	552,058	552,058
			552,058	552,058
Creditors: amounts	falling due within one year
			2020	2019
			f	f
Trade creditors			207,412	28,366
Prepayrnents ofrent and service charges			15,485	18,004
Other creditors and	accruals		40,027	49,080
			262,924	95,450

8 Analysis	ofcha	ritable	funds
			Balance 1			(Losses)/		Funds 31
			January	Incoming	Resources	Gains on		December
			2020	resources	expended	investments	Transfers	2020
			f	f	f	f	f	f
Unrestricted	funds
General fund			5,772,206	531,724	(421,970)	(148,615)	(69,628)	5,663,717
Revaluation	reserve		314,535					314,535
Designated	extraordinary
repair fund			343,060			38,112	26,416	407,588
Designated	cyclica	I
maintenance	fund		243,217		(29,096)		43,212	257,333
Total designated funds			586,277		(29,096)	38,112	69,628	664,921
Total unrestricted		funds	6,673,018	531,724	(451,066)	(110,503)		6,643,173
Permanently	endowed
almshouses			386,884		(17,191)			369,693
Total restricted funds			386,884		(17,191)			369,693
Total funds			7,059,902	531,724	(468,257)	(110,503)		7,012,866

19	Analysis ofnet assets between funds
		General	Designated	Restricted funds	Total
		fund	funds
		f	f	f
Fixed	assets	5,552,537	407,663	369,693	6,329,893
Cash	at bank and in hand	105,731	257,258		362,989
Other	net current assets/(liabilities)	319,984			319,984
Total		5,978,252	664,921	369,693	7,012,866
		General	Designated	Restricted funds	Total 2019
		fund	funds
		f	f	F	f
Fixed	assets	5,696,225	343,135	386,884	6,426,244
Cash	at bank and in hand	(101,311)	243,142		141,831
Other	net current assets/(liabilities)	491,827			491,827
Total		6,086,741	586,277	386,884	7,059,902
20	Operating lease commitments
				2020	2019
				Laundry	Laundry
				Equipment f	Equipment f
Not later than 1year				3,110	3,110
Later	than 1year and not later than 5years			12,442	12,442
Over	5years			5,443	8,554
				20,995	24,106

					Cost	Market	Yalue
				2020	2019	2020	2019
				f	f	f	f
CAPITAL ACCOUNTS:
Capital Fund
—Government	Bonds	and	Fixed
Interest Stocks				947,612	859,662	988,039	929,739
—Listed Equities				2,494,788	2,572,561	3,533,714	3,763,011
				3,442,400	3,432,223	4,521,753	4,692,750
Special Range:
-The Charities Official		Investment
Fund				42,052	42,052	152,628	143,761
Tota I investments		on	capital	3,484,452	3,474,275	4,674,381	4,836,511
account
EXTRAORDINARY	REPAIR FUND:
The Charities Official Investment
Fund				229,630	203,214	407,663	343,135
CASH HELD				240,173	207,194	240,173	20?,194
TOTAL INVESTMENTS				3,954,255	3,884,683	5,322,217	5,386,840