Harrison and Potter Trust
Trustees. Annual Report and Financial statements
for the year ended
31 December 2021
Regstered Charity No: 1179665

Harrison and Potter Trust
FINANCIALSTATEMENTS
Year ended 31 December 2021
CoNTE￿s
Page No-
Officers and Charity infom)ation. including reference and administratrwe details
Report of the Trustees
Statement of Trustees. Responsibilities and Trustees, Approval
Audit Report
Statement of Financial ActNities (incorporating the Income and Expenditure Account)
13
Balance Sheet
14
Statement of cash flows
15
Notes to the Financial Statements
16

Harrison and Potter Trust
OFFICERS AND CHARITY INFORMATION
Year ended 31 December 2021
Reference and admlnistrative details
TRu￿EEs
Mr M C Andrews (chaim￿nI
Or l A Blomfield
Mrs G M CartWri8ht
Mr N A Wainman
Mrj Campbell
Mr M A Payne
Mrs S M Hi88s
Mrlwshaw
Mr M J Wil%>n
BANKERS
Natwest pk
8 Park Row
Leeds
Lsi ias
Barday5 Bank plt
10 Market Street
Bradford
BDI INR
INVE5fMENT MANAGEMENT
Investec Wealth & Investment Ltd
4thfloor
Wellington Place
Leeds
LSI 4AP
ALMSHOUSE MANAGEMENT
Leeds and YorkshirÈ HousingAssociation
3° Fl¢)or
White Rose House
8 Otley Road
Headin8ley
is6 2AD
AUDITOR
Saffery Champness LLP
Mitre House
North Park Road
Haffogate
HGI 5RX
REGISTERED OFFICE
clo Wrigleys Soliotors LLP
17-21 Cookridge Street
Leeds
LS2 3AG
REGISTERED CHARITY NUMBER
1179665
SUBSIDIARY HOMES AND COMMUNMES AGENCY
NUMBER
A1920

Harrison and Potter Trust
REPORT OF THE TRusfEES
Year ended 31 December 2021
The Trustees presenttheir annual report tO8etherwith the financial statements forthe year ended 31
December 2021.
The financial statements compty with the Charit￿$ Art 2011 and Accounting and Reporting by
Charf(ies: Staternent of Recommended Practice 2019 applicable to chartties preparing their accounts
in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS
1021 leffertive l January 20191.
08JEcfivES AND AcnviTIES
The objects of the ao are two fold being the provision of almshouses and the relief of financial
hardship. The CIO carrie5 Out these ofy'ects by=
maintaining almshouse devek)￿ents at Lovell Park Road and Raglan Road in Leeds.
providing grants to organisations and to projects in Leeds which alleviate financial hardship,
particularty in relation to housing.
The Trustees recognise their dutie5 under the Charrties Act 2011 and have referred to the Charty
Commission's guidance on public benefft when reviewing the Charrty's activities and cornpiling thi5
report.
The actNities described above. and explained in more detail in the following sections. are consistent
with the CIO'S values and aims which, in turn, derive from its charitable objects.
Almshovse poliLy
The almshouse operation alms to provide comfortable and well maintained accornmodat￿n in
pleasant surroundings.
Accommodation atthe almshouse5 comprise thirty two bedsits suitable forsingle occupancy and two
2 bedroomed flats at Lovell Park Road and eighteen house5lfiats suitable for single occupancy or for
couples at Raglan Road. To be eligible. applicants must be in financial hardship and resident in Leeds,
a￿hoUgh up to tsventy persons can be appointed who are resident within a twenty mile radius of the
Civic Hall in Leeds, the Town Hall in Wakefield and the Guild Hall in York.
The day to day management of the almshouses is handled by Leeds and Yorkshire Housin8 Association
who report regular￿ to the Trustees. The weekly maintenance contribution paid by residents is set
annually in accor(lance with national guidelines. The almshouse operat￿n is largely self-funding.
Grant making policy
The CIO has established tts grant making policy to achwe its objects for the public benefft. subject
however to the geographical restraints imposed by the foundin8 Scheme. Under the terms of the
CIO'S Scheme. the indNiduals supported by organisations must be resident in the City of Leeds.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2021
The Trustees invite appllcations from locally based charitie5 With kKal projerts aimed at esther the
prevention or alleviation of finanoal hardship. Projects include debt counsellin& provision of housing
and purchase of equipment. Grant5 are not made towards general running costs including salaries.
nor can the charr¢y commit to repeat grants.
ACHIEVEMENTS AND PERFORMANCE
The CIO has 2 prinapal aim5-
l. The maintenance at)d provision of sheltered supported INin8 units at Lovell Park and Raglan Road
These are available to anyone over 55 years of age who is in financial hardship and needing socialty
supported Irving.
Following the transfer of the OperatK1￿ of the two almshouses. Lovell Park and Raglan Road to the
CIO the CIO seeks to maintain the standard of the almshouses following their refurbishment in
2010111. The CIO has sought to maintain this good standard accommodation through focused input
particularly drawing on the individval skills and knowledge of Trustees. The day to day review of the
properties and the prOvis￿n of the scKial support are provided by the Mana8in8 Agent Leeds and
Yorkshire Housing Associal￿n ILYHAI. ￿erall occupancy is high and voids are actively advertised bv
LYHh
2. Grant making to local Charities
These are made with surplus funds from investments that have not been required by the charty for
the propertie5.
The Trustees have chosen to largety support a netwo￿ of charities. unique to Leeds, who support the
elderly population in the communities wtth particular emphasis on social isolation and hardship. They
are endeavouring to improve quality independent lrfe in their local communities. Grants are made for
facilities, projects and actWTties, not for staffing and returring costs. Grants to the total of £40,857
12020: £30,825) We￿ made in this financial year.
Invertment perforn)an¢e
As we continued through the pandemK in 2021, markets were still somewhat turbulent but were on
the road to a recovery. China, with its zero-tolerance approach to Covid-19, was the first major
economy to return to its pre-pandemic growth trajectory at the turn of last year. The UK arranged
post-brexit trading agreements with the EU and as the country quickly moved out of a second
lockdown, things appeared to be k)oking up, however although the market wa5 Posttive for 2021, it
has not stood out g￿atlY from other developed markets. Shmilar in US markets, there was a solid
performance for 2021 but it was a steady year in comparwn to the rest of the world.
The trust portfolio produced a solid retum of 13.1% for 2021 which was slightfy ahead of the
benchmark which retumed 11.9%. Positive returns within our Fixed Interest holdings and Alternatives
which outperformed their benchmark have helped perfom)ance and we are slightly ahead of the
benchmark within UK equrties and Property holdings. Unfortunatety. our overseas equities have been
affected by the pandemic and its effects in different parts of the world so we a￿ slightly behind the
benchmark in this area.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2021
Overall the portfolio ha5 seen a posr¢ive return for 2021 and given that there are no major markets
that have shown above average return5 for the year. being ahead of the targeted benchmark can be
seen as a forwar(J step during a very turbulent and unpredictable 12 months.
Flnancial re￿eW
During the year the CIO continued to operate almshouses at Raglan Road and Lovell Park Road on
broadly self-funding basis and to make grants to indrvidual residents and to local charitable
organisation supporting those in fjnancial need.
Net income for the year was £538.420 {2020: net expenditure of £47.0361. Gains on investments for
the year, included within the net expenditure for the year, amounted to £585.11612020.' losses of
£110.5031.
A detailed survey wa5 carried out on the sites at Lovell Park and Raglan Road. This highlighted the
need for major repair and maintenante expenses at both sites. This resulted in unusually high repair
and maintenance expenditure in the year of £132.999. A further £386,(KM) of repair and mairtenance
expenditure is budgeted for 2022.
Transfers of £69.62812020: £69,628), were made to desgnated reserves from the general fund in
connertion with the housing properties for cyclical maintenance and extraordinary repairs.
Reserves policy
The policy of the Trust is to maintain sufficient capital to enable the Trustees to carry out both the
short term and long-tem objectNes ofthe charty.
The charity's restricted reserves conststed of the Permanent Endowment ￿presented by the two
Almshouses at Lovell Park and Raglan Road in Leeds. In the prior year the pernianent endowment on
investrnents was lffted and the total funds We￿ transferred to the unrestricted reserves. The
permanent endowrnent on the Almshouse sites remains.
The Designated funds amounting to £765,837 at 31 December 2021 are in line with the guidance
provided by the Almshouse Association "standards of management" and are conSide￿d by the
Trustees to be at an appropriate level.
The group's total reserves amount to £7,551,286 at 31 December 2021, with £7,198.785 held within
the CIO. Within this the Trustees have considered the level of frèe reserves of the charity which
amount to £959.691. Free reserves include cash held on short term deposit with the investment
managers of £294,675. In setting the level of reserves theTrustees take into account the need to keep
operating should the charity suffer a loss of income or should operations be disrupted in determinlng
the level of unrestricted funds. The Trustees abo have regard to the likely cost of updating the
properties and investing in fixed assets and to be able to withstand adverse events that can be
reasonabty foreseen. The Almhouses are likely to require additional capital expenditure going foThvard
a5 the Almhouw become older.
Given all these considerations and the fact that the Trustees have designate(i funds of £765,837 for
ad-hoc maintenance and extraordinary repairs. in addition to the free reserves. the Trustees are of

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2021
the view that the level of free reserves are at an appropriate level to enable the CIO to meet Its
objectives and actNities in the future.
Risk factors
The Trustees have assessed the major rtsks to which the ao is exposed and a￿ sattsfied that systems
are in place to mitigate exposure to the major risks.
The Trustees maintain a Risk Register which Is discussed at the quarterly rneeting5 of trustees and
updated as necessary.
Value for Money
The Trust is committed to achievingvalue for Money (VFMI and to focus on embedding good practice
into the whole Trust. The trustees have adopted a Value for Money strategy which identifies the
ambitions of the trust to move toward5 a transfomiational approach to VFM.
VFM has been defined as the relationship between economy, efficiency and effectNeness. VFM is hvgh
when there is an optimum balance between all three- relatively low cost, high productivity and
successful outcomes. VFM bs about runninga viable social trHJsiness and looking to continually improve
VFM activities have the following objectives at all leveb and functions within the Trust.
To embed the VFM strategy and continuous improvement in the organisation's cu￿￿re
To adopt further good practice in relation to VFM, reducing risk of exposure to financial and
material waste.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2021
VFM Metrics
l- Reinvestment percentage
(New investment in properties as a percentage of total properties held)
2021
7.6%
2020
6.2%
2A- New supply delivered (percentage)
INew social housing units developed as a percentage of social housing units
held)
NIA
NIA
2B- New suppty deliVe￿d Inon-social housing unitsl
(Non-social housing unrts devek)ped as a percentage of total housing unTts
owned)
NIA
NIA
3- Gearing percentage
(Loans less cash as a % of the value of housing properties)
N/A
NIA
4- EBITDA MRI interest cover percentage
NIA
NIA
5- Headline social housing cost per unit
Social housing costs excluding depreciation dNided by social housing units
ownedl
£7,491
£6,662
6A- Operating margin
Ioperating surplus as a percentage of turnover from social housrng lettin8s1
-31%
-15%
6B- Operating margin overall
(Operating surplus a5 a percentage of tumover}
-22%
7- Return on capital employed IROCEI per￿ntage
Ioperating surplus as a % of total assets less curTent liabilities)
-1%
-1%
PLANS FOR THE FUTURE
The Charity plans to continue the artivitres outlined above and no material change is anticipated in
the way the almshouse operation is managed in the next financial year. The Charity intends to
continue to make grants as part of its charitable attivities during 2022 at a similar level.
The trustees are conscious that the acCommodat￿n provided to residents is in need of significant
modernisation in the lon8 term. Trustees intend to explore all options. including redevelopment of
existing sites or building new accommodation on newsites. Since the yearend. preliminary discu55ions
have been opened with consultants specialising in almshouse development and funding.
STRucfuRE, GOVERNANCE AND MANAGEMEP
The Harrison and Potter Trust is a Charitab￿ incorporated organisation constituted under a Scheme
of the Charity Commission dated 24 August 2018 and is a Registered Charity. number 1179665. The
CIO succeeded to the charitable activities of Harrison and Potter by way of a transfer of assets on 31
December 2019 from Harrison and Potter Trust, which is a Registered Charity, number 1179665-1.

Harrison and Potter Trust
REPORT OF THE TRusfEES (Continued)
Year ended 31 December 2021
The linked Charity, Harrison and Potter Trust Charity Number 1179665-1. is registered with Homes
and Communities Agency A1920.
The CIO Harrison and Potter Twst Charity Number 1179665 ts not registered with Homes and
Communities Agency. It is the intention of the Trustees to applyfor registration of the CIO as soon as
is practicable.
The body of Trustees comprises a maximum of eleven persons. minimum of four persons.
Other than the original tmstees appointed on 24 August 2018. new trustees are appointed for a temi
of 3 years, after which period, they may put themsefves forward for ￿appoIntment. The Trustees
meet quarterty in February, May. August and November and atthe February meeting elert a Chaimian
for the forthcoming year.
The meetings in May and November focus primarity on finanaal and investment matters including
annual accounts, budgets for the almshouse operntions, investment perforniance and funding
available for grants. The almshouse operat￿n and welfare and needs of the residents of the
almshouse5 are reviewetl with the managing agents at the quarterly meeting5.
To asslst the day to day administration of the cio, there is a finance and investment5 sub-committee.
In addition, individual Trystees liaise wtth the managing agents regarding welfare or property matters
throughout the year.
All Trustees give of their time free￿ and rbo Trustee remuneration is paid. Trustees are appointed by
a resolution of the exi5tingTrustees passed at a speaal meeting.
On 16th July 2021 the trustees entered into a new almshouse management agreement with Leeds &
Yorkshire Housing Association. This supersedes the previous agreement entered into on 22nd May
2014. This agreement sets out in detail the management services to be provided by LYHA in relation
to the almshouses. key performance measures, delegation levels and management reporting
mechanisms. The agreement is subject io review on an annual basis and the first such revwi took
place in March 2022.
STATEMENT ASTO DISCLOSURE OF INFORMATION TO THE AUDITOR
The Trustees who were in office on the date of approval of these financial statements have confimied,
as far as they are aware, that there is no relevant audit information of which the auditor is unaware.
Each of the Trustees has confirmed that they have taken all the 5tep5 that they ought to have taken
as Trustees in orderto make themselves awa￿ of any relevant audit information and to establish that
it has been communicated to the auditor.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2021
STATEMErif OF THE RESPONSIBIUTIES OF THETRvsfEES
The Trustees are reS￿nSIble for preparing the T￿￿tee$. report and the finantial Statements in
accordan￿ with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generalty
Accepted Accounting Practice).
Charity law, in England and Wales, requires the Trustees to prepare financial statements for each
financial year which 8Ne a true and fair view of the state of affairs of the charTty and of tts incoming
SoUr￿S and application of resources of the charity for that period. In preparing these financial
statements, the Truslees are required to:
select suitable accounting policies and then apply them consistentty:
obseNe the methods and principles in the Charities SORP IFRS1021:
make judgements and estimates that are reasonable and prudent-
stste whether applicable accounting standards have been followed, subject to any material
(Jepartures (lisclosed and explained in the financial statefflents.. and
prepare the financial statements on the going concern basis unless it ￿ inappropriate to
presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with ￿8$Onable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
Statements comply with the Charities Act 2011 and the provIs￿nS of the trust deed. They are also
responsible for safeguarding the assets of the charty and hence for taking reasonable step5 for the
prevention and detection of fraud and other irregularities.
Mr N Wainrnan
Trustee
Mr J Campbell
Trustee

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THETRUSTEES
Year ended 31 December 2021
Oplnion
We have audited the financial statements of Harrison and Potter Trust for the year ended 31
December 2021 which comprise the Statement of Financial Activities, Balance Sheet, Statement of
Cash Flows and note5 to the financial statements, including s48nificant actounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards. including Financial Reporting Standard 102, the Financial Reporting
Standard applicable in the UK and Republ￿ of I￿land Iunited Kingdom General￿ Accepted Accounting
practi￿).
In our opinion the financial statements-
give a true and fair view of the state of the charl￿5 affaits as at 31 December 2021 and of its
incoming resources and applicatbon of resources forthe year then ended-
have been property prepared in accordance with United Kingdom Generalty Accepted
Accounting Practice: and
have been prepared in accordance with the requirements of the Charities Art 2011.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, includhng the FRCS Ethical Standard, and we have fulfilled our other ethical
responsibilitie5 in accordance with these requirements. We believe that the audit eviden￿ we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclu￿0￿$ relating to 8dng concern
In auditlng the financial ststements. we have concluded that the trustees. use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that. indNidually or collectively. may cast significant doubt on the charity's ability
to continue as a going concem for a per*)d of at least twelve months from when the financial
Statements are authori5ed for issue.
Our responsibilities and the responsibilit*s of thetrustees with respectto goingconcern are descrlbed
in the relevant sections of this report.
Other inforn)atlon
The trustees are responsible for the other inforniation. The other infomiation comprises the
information included inthe annual report, other thanthe financial statements and ourauditorfs report
thereon. Our opinion on the flnancial statements does not cover the other information and, except to
the extent otherwise explicitly stated in our reporL we do not express any form of assuran
concluslon the￿on.

Harrison and Potter Trust
INDEPENDENT AUDFTOR'S REPORTTO THE TRUSTEES Icontinuedl
Year ended 31 December 2021
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financral statements or our knowledge obtained in the
course of the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencie5 or apparent material misstatements, we are required to determine whether this gNes
rise to a material misstatement in the financial statements themsefves. If, based on the work we have
performed, we conclude that there is a material mi%statement of this other infonnation- we are
required to report that fatt.
We have nothing to report in this regard.
Matters On whlth we are required to report by exceptio
We have nothing to reF)Ort in respect of the following matters in relation to which the Charrties
(Accounts and Reports) Regulations 2fX18 require us to re￿rt to you rf. in our opinion..
the information given in the Trustees. Annual Report is inconststent in any material respect
with the financial statement5.' or
the charity has not kept sufficient accounting records; or
the financial ststements are not in agreement with the accounting records and returns,. or
we have not receNed all the informatK)n and explanations we require for our audit.
Responsibllities of trustees
As explained more fully in the Trustees. Responsibilities Statement set out on page 8, the trustees are
responsible for the preparation of the financial statements and for being satisfied that they give a true
an(1 fair view, and for such internal control as the trustees detemiine is necessary to enable the
preparation of financial statements that are f￿e from material misstatement. whether due to frnud
or error.
In preparingthe financial statements. the trustees are reS￿)nSIble for assessing the chartV5 abilityto
continue as a going concern, disclosin& as applicable, matters related to going concern and using the
going contern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations. or have no reallstic altemative but to do so.
Audltorf responsibillties for the audit of the financial statements
We have been appointed as auditors under the Chartties Art 2011 and ￿port in attordance with
regulations made under that Act.
Our objectives are to obtain reasonable assurance alx)ut whether the financial statements as a whole
a￿ free from material misstatement. whether due to fraud or error, and to issue an auditors, report
that include5 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 deted a material misstatement when
it exists. Misstatements can arise from frèud or error and are considered material if, indNldual￿ or in
the aggregate, they could reasonab￿ be expected to influence the economic decisions of users taken
on the basis of these financial statements.
Irregularities. induding frdud, are instances of non-compliance with laws and regulations. We design
prt)cedures in line wrth our responsibilities, outlined above. to detect material misstatement5 in

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THETRUSfEES (continued}
Year ended 31 December 2021
respect of irregularities. inclu(11￿ fraud. The specifK procedures for thi5 engagement and the extent
to which these are capable of detecting irregularities. including fraud are detailed below.
Identifying ènd assessing risks related to i￿e8VIarit1eS.
We assessed the susceptibility of the charitvs financial statements to material rnisstatement and how
fraud might occur, includin8 through discussions with the trustees, discussions within our audit team
planning meetin& updating our record of internal controls and ensuring these controls operated as
intended. We evaluated p055ible incentNes and opw)rtunities for fraLbdulent rnanipulatlon of the
financial Statements. We *Jentified laws and regulations that are of significance in the context of the
charity by discussions with trustees and upd￿1Th8 our understanding of the sector in which the charity
operates.
Laws and regulations of direct signtficance in the context of the charty include the Charities Act 2011,
the Charities (Accounts and Reports) Regulations 2008 and guidance issued bythe Charity Commission
for England and Wales.
Audit response to risks identified:
We considered the extent of compliance with these laws and regulations as part of our audit
procedures on the relatetl financial statement items including a review of financial statement
disclosure5. We reviewed the charirfs records of breaches of laws and regulations, minutes of
meetings and correspondence with relevant authorit￿$ to identify potential material misstatements
arising. We discussed the chariVs policies an(1 procedures for compliance with laws and regulations
with members of management responsible for complian￿.
During the planning meeting with the audit team, the engagement partner drew attention to the key
areas which might Invo￿ non-cornpliance with laws and regulations or fraud. We enquired of
management whetherthey We￿ aware of any instances of non-compliance wrih Liws and regulations
or knowledge of any actual. SU5￿ted or alleged fraud. We addressed the risk of fraud through
management override of controls by testing the appropriateness of journal entrie5 and identifying any
518nificant transactions that We￿ unusual or outside the normal course of business. We assessed
whether judgements made in making accounting estimates gave rise to a possible indication of
management bias. At the completion stage of the audit, the engagement partnerfs review included
ensurin8 that the team had approached their work with appropriate professional scepticism and thus
the capacty to identify non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed non-
compliance with laws and regulations is from the evenis and transactions reflected in the financial
statements, the less likely we would become aware of it. Also. the risk of not detecting a material
misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud
may involve deliberate concealment by, for example. forgery or intentional misrepresentations, or
through collusion.
A further description of our responsibilities is available on the Financial Reporting Council's websrte
at- www.frc.or
.uk
auditorsres
onsibilrties. This description forms part of our auditorfs report.
il

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTOTHE TRUSTEES {continued)
Year ended 31 December 2021
Use of our report
This report is made sole￿t0 the charivs trustees. a5 a body. in accordante with Part 4of the Charities
IAccounts and Reportsl Regulations 21X)8. Our audtt work has been undertaken so that we might state
to the trustees those matters we are require(I to state to them in an auditorfs report and for no other
purpose. To the fullest e￿ent permitted by law, we do not accept or assume responsibilty to anyone
otherthan the charwty and the trustees as a t￿¥, forouraudrt work. forthis report, orforthe opinions
we have fonyjed.
S,&t-] QJW '
Saffery Champness LLP
Statutory Auditors
Mitre House
North Park Road
Harrogate
North Yorkshi
HG15RX
Date-
28 June 2022
Saffery Champness LLP is eligible to act as an auditor in ternis of section 1212 of the Companies Act
12

Harrison and Potter Trust
STATEMENT OF FINANCIAL AcfiviTIES (incorporating the Income and Expenditure account)
Year ended 31 December 2021
Unrestricted
funds
Restricted Totsl funds
funds
2021
Totsl funds
2020
Notes
Income frorn:
Charitable activities
Investments
Total
342.892
136,235
479.127
342,892
136,235
479.127
351,412
180,312
531.724
Expenditure on:
Raising funds
Charrf(able artivities
Totsl
33,775
474,856
508.631
33,775
492,048
525.823
30,208
438,049
468.257
17.192
17,192
Net gains/llossesl on
investments
12.13
585.116
585,116
1110,5031
Net In¢ome/lexpenditurel
5S5,612
117.1921
538,420
147.0361
Transfer5 between funds
18
Net m¢)vement In fvnds
555.612
117,192)
538.420
147.036}
Re¢ondllatioTh of funds:
Total funds brought forward
6.643.173
369.693
7.012,866
7.059.902
Total funds arrfed forward
18
7.198,785
352.501
7,551,286
7.012,866
The financial statements were approved by the Trustees orb
- and signed on their behalf by-
Mr N Wainman
Trustee
Mr J Campbell
Trustee
The note5 on pages 16 to 29 fom) part of these attounts.
13

Harrison and Potter Trust
BALANCE SHEET
as at 31 December 2021
Note
2021
2020
Fixed a￿ets
Tangible assets
Investment properties
Investments
li
12
13
659.154
345.C
5,882,116
687,676
320,LX)O
5,322,217
Total fixed assets
6,886.270
6,329,893
Current assets
Debtor5
Investments
Cash at bank and in harKI
14
15
29,258
345,642
3￿,397
30,850
552.058
362.989
Total furyent assets
765.297
945.897
Creditors: Amounts falling due within one year
16
I1￿.281)
1262.9241
Net current assets
665,016
682,973
Totsl assets less current liabilities
7,551,286
7.012.866
Net assels
7551.286
7,012.866
The funds ¢f the charity:
Unrestricted fvnds
Unrestricted general funds
Designated funds
18
18
6.432.948
765.837
5.978.252
664,921
Totsl unrestrfrted funds
18
7,198.785
6,643,173
Restrlcted funds
18
352,501
369,693
7.551.286
7,012.866
The financial statements were approved by the Trustees on
and s￿ned on their behalf by..
Mr N Wainman
Trustee
Mr J Campbell
Trustee
The notes on pages 16 to 29 form part of these accounts.
J4

Harrison and Potter Trust
STATEMENT OF CASH FLOWS
as at 31 December 2021
Notes
2021
2020
Cash flows {used in)Ipro¥ided ￿ operating activrtie5
1284.9621
111,115
Cash flows provided byllused in) ibwestiry artivities
Purchase of tangible fixed assets
Investment income
Disposal of current asset investments
Purchase of listed investments
Proceeds from sale of listed investments
Increase) in cash held by the investment manager
Net Cash Ilows generated from In¥estin8 activities
129,928} 124,3891
135.665
180,312
206,416
1415,3851 1833.9961
470,104
821,095
154.5021 132.9791
312370
110.043
Net Increase in cash and equivalents in the year
27A08
221.158
Cash and fash equiv*ents at l January 2021
362.989
141,831
C•sh and &75h equl¥alents at 31 December 2021
390,397
362.989
a) Analysis of net fvnds
Asatl
January
2021
Cash
flows
Asat31
December
2021
Cash at bank and in hand
362.989
362,989
27,408
27,408
390.397
390,397
15

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2021
ACCOUNTING POLICIES
BASIS OF ACCOUNTING
These financial statements have been prepared underthe historical cost convention, as modified by the
revaluath)n ol investments and in¥e5tment properties. in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland IFRS 1021
120191 Icharities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 and the Charities Att 2011.
Harri50n and PotterTrust ICIO} meet the definition of a public benefrt entity under FRS 102.
On 31 December 2019, all of the assets of Harrison and Potter Trust We￿ transferred into Harrlson and
PotterTrust ICIOI with the exception of the Almshouses, which are pemianently endowed and remain in
Harrison and Potter lunincorporatedl. This transfer wa5 accounted ft)r under the merger accounting
method and the comparatbve amounts have been presented on the same basis in accordance with the
Charities SORP IFRS1021.
In 2020 Harrison and Potter CIO and Harrison and Potter lunincorporatedl became linked charities. This
has been accounted for under the branch accounting method in accordance with the Charities SORP IFRS
1021. For more details see note 21.
GOING CONCERN
The financial statements have been prepared on a going concern basis. The Trustees have considered
how the Trust will meet the challenges presented by the current economic climate. They have carried
out a detailed review of the Trust's resources includin8 the adequacy of w0￿1ng capital for the next
twelve months. The Trustees are satisf*d that the Trust has sufficient cash flows to meet its liabilities as
they fall due for at least one year from the date of approval of these financial statements.
SOCIAL HOUSING GRANT
Social Housing Grant ISHGI is paid by the Housing Corporation to reduce the cost of development and is
recognised as income on re￿Ipt and completron of the project to which it relate5. 5HG is repayable under
certain circumstances. primari￿ following the sale of a property but will nomially be restricted to net
proceeds of sale.
A Social Housing Grant of £675.042 was received in connettion to the refurbishrnent of Raglan Road and
was recognised in unrestricted reserves. Should a triggering event ocoJr. this amount would be repayable
by Harrison and PotterTrust lunincorporatedl la linked charity. charity number: 1179665-11. TheTrustees
have obtained confimiation from Homes England that the transfer of almshouse operations to Harri50n
and Potter Trust CIO wa5 not a triggering event subject to Harrison and Potter Trust lunincorporatedl
(charity number- 1179665-11 remaining a Reg￿tered Provider.
io

Harrison and Potter Trust
NOTES ON THE ACCOUNTS (continued)
Year ended 31 December 2021
ACCOUNTING POUCIES Icontinuedl
FIXED AssEfs- HOUSING PROPERTIES
Housing properties are stated at cost which includes the following:
cost of acquiring land and buildings-
developmenl expenditure.
Works to existing properties a￿ works which result In an increase in the net rental income, such ès a
reduction in the future maintenance costs. or ￿5VIt in a signrficant extension of the useful economic life
of the property in the Trust. on￿ the direct overhead costs associated with these improvements a
capitalised.
FIXED ASSETS- OTHER
Othertangible r￿ed a5setsare stated at costwiih the exception of property held forinvestment purposes.
DEPRECIATION
Housing properties
Housing properties are depreciated at a fate of 2% per annum on cost. The depreclatlon on
the 2 almshouse properties is charged to restricted funds. Land is not depreciated.
Investment propertie5
Investment properties are not dep￿oated.
Other fixed assets
Depreciation is provided on the following bases:
Heating systems- 6.67% per annum on cost.
Other fixtures & fitting5- 15% per annum on cost.
INVESTMENT PROPERTIES
Investment properties a￿ stated at their estimated value on an open market basis at the balance sheet
date. Valuations are updated annualfyl by the Trustees and every third year by independent Chartered
Surveyors on an open market basi5.
No depreciation is provided in respert of freehokl investment properties or on leasehold investment
properties where the unexpired lease tenn exceeds 20 yeats.
Details of the currentvalue and hbstorical cost inforniation for investment properties are grven in note 12.
17

Harrison and Potter Trust
NOTES ON THE ACCOUNTS (continued)
Year ended 31 December 2021
ACCOUNTING POLICIES Icontinuedl
INVESTMEN75
Investments are stated at market value.
Purchases and sales of investments are dealt with by reference to the date of contract. When a contract
has been entered into during the year but settlement does not take place until after the end of the year
an amount is included in the balance sheet under either creditors or debtors as appropriate.
COIF FUNDS IN CURRENT INVESTMENTS
COIF funds are included within current investments as they are a cash dewsit with a maturTty date of less
than one year which is held for investment purposes rather than to meet short term cash commitments
as they fall due.
EXTRAORDINARY REPAIR FUND
The Extraordinary Repair Fund is a designated fund held pursuant lo the Trustees. reserves poliry. The
Fund is maintained by annual transfer out of the CIO'S income and used to cover items of extraordinary
repair.
CYCLICAL MAINTENANCE FUND
The Cyclical Maintenance Fund is a designated fund held pursuant to the Trustees, reserves policy, used
for providing for items of ordinary maintenance and repair of the almshouses which recur at infrequent
intervals.
RESTRICTED FUNDS
These are fund5 that can only be used for particular ￿$tricted purposes within the objects of the charity.
Restrictions arise when specif￿1 by the donor or when the funds are raised for particular restricted
purposes.
INCOME
Income represents income from social housing lettings. investment intome and surpluses on disposal of
investments. Credr( is taken for social housing letting income as it falls due. Investment income is
uedlted to the income and expendrfrture account on a re￿r*able basis.
APPORTIONMENT OF MANAGEMENT EXPENSES
Direct employee, administration and operating costs have been apportioned to relevant sections of the
income and expendtture account on the basis of actual expendtture. Finance and adminlstration costs are
further apportioned on the basis of estimated time spent on each activity.
18

Harrison and Potter Trust
NOTES ON THE ACCOUNTS {continuedl
Year ended 31 December 2021
ACCOUNTING POLICIES Icontinuedl
GRANTS PAYABLE
Grants payable are recognised at the point at which they are approved and the recipient is notified.
Where the TnASt has agreed to make a grant payment in the futu￿ to a specrfic recipient this is accrued
as expendtture.
TAXATION
For taxation purposes the Trust has charity status and accordingly is exempt from tax on its investment
and rental income and on its capital gains.
VALUE AODED TAX
The Trust is not registered for Value Added Tax and expenditure ￿ shown inclusive of VAT in these
financial statements.
FINANCIAL INSTRUMENTS
The charty onty has financial assets and financial liabilities of a kind that qualify as basic financial
Instruments. Basic financial instruments are initialty reco8ni5ed at transaction value and subsequent
measure at their settlement value.
DEBTORS
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepared net of any trade discounts due.
CREDITORS AND PROVISIONS
Creditors and provisions are recognised where the charty has a present obligation resutting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normal￿ recognised at
their settlement amount after albwing for any trade discounts due.
OPERATING LEASE COMMITMENTS
Rentals payable underoperating leases. wheresub5tantialty all the risks and rewards of ownership remain
with the lessor, are charged to the statement of financial actr¥ities in the year in which they fall due.
J9

Harrison and Potter Trust
NOTES ON THE ACCOUNT5 Icontinued}
Year ended 31 December 2021
ACCOUNTING POLiaES Icontinuedl
CRIMCAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINT
In the application of the chariws accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revi5iOnS to actounting
estimates are reco8nised in the period in whKh the estimate is ￿Vised whether the revisions affects only
that period. or in the ￿rIOd of the revlsion and future periods where the revision affects both current
and future period5.
Comparatlve SOFA
Unrestricted
funds
Restrfrted Total funds
fvnds
2019
Income from:
Charitable activities
Investments
Total
351,412
180.312
531.724
351.412
180,312
531,724
Expenditure on:
Raising funds
Charitable activit￿$
Total
30.208
420.858
451.066
30,208
438,049
468,257
17,191
17,191
Net gainsl Ilosseslon investments
1110.5031
1110,5031
Net lexpenditurell Income
129,8451
117,1911
147,0361
Transfers between funds
Net m¢)¥ement In funds
129.845}
117.191
147,0361
Reconciliation of fvrth..
Total funds brought forward
6.673,018
386.884
7.059,902
Total funds Carried for¥vard
6,643.173
369.693
7.012,866
20

Harrison and Potter Trust
NOTES ON THE ACCOUNTS {continuedl
Year ended 31 December 2021
Income from charitable activities
2021
2020
Income from social housing iettings
342,892
351,412
Investment income
2021
2020
Interest and dNidends from investment porrfolio
Rental income frorn rented land
131,235
175,312
5,LKIO
180,312
136,235
5 Expenditure of rai5in8 fvnds
2021
2020
Investment management fees
33,775
30,208
An*ls ol expenditure on charltable acti¥itie5
Social housiry Pro¥lsion of
Ti>tal
2021
Total
2020
Management costs
Depreciation
Bad debts
Service costs
Routine maintenance
Planned maintenance
Support costs
Vouchers for residents
Grants to external bodies
(note 71
86.925
58,450
3.293
125.525
115.469
17.530
40.799
86,925
58,450
3,293
125,525
115.469
17,530
40,799
3.2LN)
40.857
88,655
56,117
9,719
147,430
27.185
29.095
46,523
2,500
30,825
3.200
40.857
447.991
44.057
492,048
438,049
Included in the above is a £17,192 depreaation charge of the Almhouses which is restricted.
Governance costs intluded in support costs:
2021
2020
Audrt and accountsncy
Legal fees
Clerk to the Trustees
12.756
5,802
20,309
38,867
15,079
10,017
20,284
45,380
21

Harrison and Potter Trust
NOTES ON THE ACCOUNTS (continued)
Year ended 31 December 2021
Anatysis of grants made
2021
2020
Vulnerable peop￿ and the homefess
Support to the over 60's
Resident food vouchers
23,080
17,777
3,200
44,057
16,319
14,506
2,5CKJ
33.325
All grants were made to Charitable organisat￿n5 or beneficiaries in furtherance of ihe Charitys
objectNes.
Net in¢omelleMpenditure) for the year
This is stated after charging=
2021
2020
Depreciation of housing properties
Depreciation of other tangible fixed assets
Operating lease rental
Auditorfs remuneration
Current year-
for audit services
- for non-audit services- a¢¢ountancy
Prior year-
for audit services
17,192
41.258
3,110
17,191
38,926
3,110
8,976
3.780
4.080
3,199
Analysls ofstaff ¢osts, tnlstee remuneration and expenses. and the cost of key man•8ement personnel
The employees have their contracts of employment with Leeds and Yorkshire Housing Association.
2021
2020
Employee costs during the year:
Wages and salaries
38,696
36,064
None of the Trustee5 lor any persons tonnected with them) recetved any remuneration during the year.
Travel and sub5iStence expenses amountin8 to £nil were reimbursed to the Trustees12020.. £nill.
No employee ￿￿1Ved emoluments of MO￿ than £60.LKIJ during the current or preceding year.
22

Harrison and Potter Trust
NOTES ON THE ACCOUNTS (continued)
Year ended 31 December 2021
10 Stsff numbers
The average month number of empbyees lincluding part-time stsffl during the year was as follows-
2021
No.
2020
No.
Average number of employees
li
Tangible flxed a￿ts
Freehold land and buildings
Lovell Park
Road
Heating
Systems
Flxtures &
Fittings
Raglan Road
Total
C￿tIvaluation
Cost blfwd
Additions
Disposals
Revaluatbjn
Cost cl￿d
719.326
146,115
598.432
7.212
119,313
22,716
1,583,186
29,928
719.326
146.1
E￿5.644
142,029
1,613,114
Deprecithion
Depn blfvid
Charge for the year
Disposals
Revaluation
Depn clfwd
436.845
14.387
58.903
2.805
295,414
38,189
104.348
3,069
895,SlO
58,450
451,232
61,708
333.f￿3
107.417
953,960
NBV cllwd
268,094
84.407
2n,041
34,612
659,154
NBV blfwd
282.481
87,212
303.018
14,965
687,676
At 31 December 2021 the Harrison & Potter Trust owned and managed 52 unit5 12020: 52 unit51 of
housing accommodation. All 52 units represented supported housin8 and housing for older people.
23

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2021
12
Investment properties
Freehold Land at
Barwick in Elmet
Valuation
At l January 2021
Revaluation
320.iJ)O
25,000
At 31 December 2021
345,(KK)
Net Book Value
At 31 December 2021
345,C(L)
At lJanuary2021
320,CMXI
This parcel of land was revalued on an existing use basis at £345,IX() by Bartle & Son, Valuers &
Auctioneers. as at 31 December 2021 and this value wa5 incorporated into the financial statement5 at
that date. The original cost of this land is £5.465. The Trustees have ￿vIeWed this valuation at the year-
end and consider it to remain appropriate.
13 Investments
2021
2020
At market value:
At beginning of year
Additions
Disposals
Increase/ldecreasel in market value
5.082.1144
415,385
1470.1041
560.116
5,179,646
833.996
1821,0951
1110,5031
At end of year
Cash held by the investment manager
5.587,441
294.675
5,082,044
240,173
5.882,116
5,322,217
Further ana￿SiS of this is shown in note 22.
24

Harrison and Potter Trust
NOTES ON THE ACCOUNT5 (continued)
Year ended 31 December 2021
14 Debtors
2021
2020
Due within one year.
Rent and seNice char8e5 due
Bad debt provision
Other debtors and accrued income
33.384
127,5741
23,448
29,258
31,974
124,2811
23,157
30,850
15 Current asset investment
2021
2020
Charities OffKial Investment Fund Dewsit
345,642
345,642
552,058
552.058
16 C￿dItOrs. amounts falli￿ due within one year
2021
2020
Trade creditors
Prepayments of rent and ser¥ice charges
Other creditor5 and accruals
35,025
18,728
46,528
IIXJ,281
207,412
15,485
40,027
262,924
The Trustees policy for payment of purchase Invol￿ is one month between receipt and payment
{2020: one monthl.
17 Transfer ol assets
In 2019, a transfer of net assets lotalling £6,673.018 was made from HaThison and Potter Trust
lunincorporatedl to Harrison and Potter Trust ICIOI. This transfer was accounted for under the merger
accountin8 method and the comparative amounts are prepared as if the assets had always been held by
the CIO.
25

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2021
18 Analysis of Charitable funds
Balance I
January Incoming
Resources Gains on
2021 resources expended in¥e5tments
Funds 31
December
2021
Transfers
Unrestrlrted funds
General ￿nd
ReValuat￿n ￿serye
5.663.717
314.535
479.127
{465,4191
485.616
25.(￿)
169,6281 6,093,413
339.535
Designated extraordrnary
repair fund
Oesignated cyclical
maintenance fund
Total designated funds
407,588
74.5
26,416
508,504
257.333
664.921
143,2121
143.2121
43.212
69,628
257,333
765,837
74.5
Total unrestrlrted funds
6.643,173
479,127
1508.6311
585,116
7,198.785
Pemiènentty endowed
almshouses
Totsl restrirted f￿dS
369,693
369,693
117.1921
117.1921
352,501
352,501
Total funds
7.012.866
479,127
1525.8231
585,116
7.551,286
During the year transfers from the general fund were made to the designated funds of £69.6281£26,416 to
the extraordinary repair fund and £43,212 to the cyclical rnaintenan￿ fundl in order to fund future repairs
and maintenance at the almshouses.
The designated extraordinary repair fund is used for any future extraordinary repair, improvement or
rebuildlng of the almshouses.
The designated cyclical maintenance fund is used forthe ordinary maintenance and repair of the almshouses.
This fund is to be utilised over the short tem) and in 2021, £17.531 of void ￿paIrS expenditure12020: £29.0961
has been allocated to the fund and £25,681 of day to day repair5.
Pursuant to the Scheme effective 31 December 2019, Harrison and Potter Trust (unincorporated charity)
cannot hold expendable property free to use without reStriCt￿n and therefore the restricted fund represents
the tarrying value of the almshouses which belong to HarrI￿n and Potter Trust (unincorporated charity) a
linked charrty. For more detail see note 21. The ￿Stricted expenditure above represents the depreciation
charge on the two alrnshouse properties in 2021.
As detailed in note 22 the investments are split between various funds.
20

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2021
19
Analysis of net assets between funds
General Deggnated Restricted funds
fvnd
funds
Totsl
Fixed assets
Cash at bank and in hand
Other net current assets
6.025.1
133,139
274,619
508,579
257,258
352.501 6.886,270
390,397
274,619
Total
6.432,948
765,837
352,501
7,551,286
General
fund
Designated Restricted funds
funds
Total 2020
Fixed assets
Cash at bank and in hand
Other net current assets
5.552,537
105,731
319,984
407,663
257,258
369,693
6,329,893
362,989
319,984
Total
5.978,252
664.921
369.693
7.012.866
Operating lease commitments
2021
Laundry
Equipment
2020
Laundry
Equipment
Not later than l year
Laterthan l year and not later than 5 years
Over 5 yea
3,110
12,442
2,333
17,885
3,110
12,442
5,443
20,995
27

Harrison and Potter Trust
NOTES ON THE ACCOUNTS {continued)
Year ended 31 December 2021
21
Linked Charity
On 31 De￿mber 2019 all assets with the exception of the two almshouses We￿ transferred from
Harrison and Potter Trust lunincorporatedl to Harrison and Potter Trust ICIOI. The two almshouse
sites at Lovell Park and Raglan Road continue to be held in the linked charity as Permanent
Endowment. In 2020, on the basis of the charities having the same Trustees, the charities became
linked. The funds of Harrison and Potter Trust lunincorporatedl are shown separatety within the fund
note as penTranently endowed almshouses.
Harrison and Potter Trust {unincorporatedl
Charity Number- 1179665-1
Homes and Communities &gency: 224941
Total funds- £352.501
22
Irwestments
Market Value
2021
2021
2020
2020
CAPITAL ACCOUNTS:
Capital Fund
-Government Bonds and Fixed
Interest Stocks
Listed Equities
947.612
2.494.788
989.992
3,915,023
988,039
3,533,714
2.644,538
3.593.046
3.442,400
4,￿5.015
4,521.753
Special Range..
- The Charities OffKial Investment
Fund
42,052
42.052
173.847
152.628
Total
account
investments
on capital 3,635,098
3.484.452
5,078,862
4,674,381
E￿RAORDINARy REPAIR FUND:
The Charities Official Investment
Fund
256,060
229.630
508,579
407,663
CASH HELD
294,675
240,173
294,675
240,173
TOTAL INVESTMENTS
4,185.833
3,954,255
5.882,116
5,322,217
28

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2021
Investments
The investments are split between different fund$ as follows..
Capital accounts
Capital Account- This is unrestrirted
Special Range- This is unrestricted
Income accounts
Extraordinary Repair Fund - This was created by a Scheme,. funds are set aside each year from the income of
the Charity and invested in units. The fund is designated in that although it can be spent. it must be spent on
"extraordinary repair"
23
Net cash from operating artivities
2021
2020
Net income for the reporting period before gèinslllosses) on
investments
Adjusted for-
Depreciation of housing properties
Depreciation of other tangible fixed assets
Decrease in debtors
IDecreasel/increase in creditors
Investment income
146.6961
63,467
17,192
17,191
41,258
38,926
1,592
4,369
1162,6431
167.474
1135.6651 1180,3121
Net cash Iu5ed inllprovided by operating activities
1284,9621
111,115
29