##
|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||||
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|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)|||||||
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||||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|
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|||||||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|
##
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##
|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|