Harrison and Potter Trust
Trustees, Annual Report and Financial statements
for the year ended
31 December 2022
Reglstered Charity No: 1179665

Harrison and Potter Trust
FINANCIAL STATEMENTS
Year ended 31 December 2022
CONTENTS
Page No:
OfFicers and Charity infomiation, Including reference and adminlstrative details
Report of the Trustees
Statement of Trustees. Responslbllities and Trustees, Approval
Audit Report
statement of Financial Activities lincorporating 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 2022
Reference and administrative detsils
TRUSTEES
Mr M C Andrews Ichaimianl
Dr l A Blomfield
Mrs G M Cartwright
Mr N A Walnman
Mr J Campbell
Mr M A Payne
Mrs S M Hi8gs
Mrlwshaw
Mr M J Wilson
BANKERS
NatWÈst plc
8 Park Row
LS1 IQS
Barclays Bank plc
10 Market Street
Bradford
BDI INR
INVESTMENT MANAGEMENT
Investec Wealth & Investment Ltd
4th floor
Wellington Place
Leeds
ISI 4AP
ALMSHOUSE MANAGEMENT
54 North Homes (formerly Leeds and Yorkshire Housing
A5SOtiationl
3rd Floor
White Rose House
8 Otley Road
Headingley
Leeds
LS6 2AD
AUDITOR
Saffery Champness LLP
Mitre House
North Park Road
nd(IU¥dL
HG15RX
REGISTERED OFFICE
c/0 Wrigleys Solititors LLP
3rd Floor
3 WellSngton Plate
Leeds
Lsi 4AP
REGISTERED CHARITY NUMBER
1179665
SUBSIDIARY HOMES AND COMMUNITIES AGENCY
NUMBER
A1920

Harrison and Potter Trust
REPORT OF THETRUSTEES
Year ended 31 December 2022
The Trustees present their annual report together with the financSal statements for the year ended 31
December 2022.
The financial statements comply with the Charities Ad 2011 and Accounting and Reporting by
Charities- Statement of Recommended Practice 2019 applicable to charities preparlng thelr accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective l January 20191-
OBJECTIVES AND ACTIVITIES
The objects of the CIO are two fold being the provision of almshouses and the relief of financial
hardship. The CIO carries out these objects by..
maintainlng almshouse developments at Lovell Park Road and Raglan Road In Leeds.
providing grants to organisations and to projects in Leeds which alleviate financial hardship,
particularly in relation to housing.
The Trustees reco8ni5e their dutie5 under the Charities Art 2011 and have referred to the Charity
Commission's guidance on public benefit when reviewing the Charity'5 actNitie5 and compiling thi5
report.
The attivtties described above, and explalned In more detall in the following sectlons, are consistent
with the CIO'S values and aims which, in turn, derive from its charitable objects.
Almshouse policy
The almshouse operation aims to provide comfortable and well maintained accommodation in
plèasant surroundings.
Accommodation at the almshouses comprise thirty two bedsits suitable for single occupancy and two
2 bedroomed flats at Lovell Park Road and eighteen houses/flats suitable for single occupancy or for
couples at Raglan Road. To be eligible, applicants must be in financial hardship and resident in Leeds,
although up to twenty persons can be appointed who are resident within a twenty mile radiu5 of the
Clvlc 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 54 North Homes, who report regularly
to the Trustees. The weekly maintenance contribution paid by resident5 is set annually in actordante
with national guideline5. The almshouse operation is largely self-fundin8.
Grant making policy
The CIO has established its grant making policy to achieve its objects for the public beneflt, subject
however to the geographical restraints imposed by the founding Scheme. Under the terms of the
CIO'S Scheme, the individuals supported by organi5ations must be resident in the City of Leeds.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2022
The Twstees Snvite applications from locally based charities with local projects aimed at either the
prevention or allevlation of financial hardshlp. Prolects include debt counselling, provlsion of housing
and purchase of equipment. Grants are not made towards general runnlng costs including salaries-
nor can the charity commit to repeat grants.
ACHIEVEMENTS AND PERFORMANCE
The CIO has 2 princlpal alms:
l. The maintenance and provision of shettered supported living units at Lovell Park and Raglan Road
These are available to anyone over 55 years of age who is in financial hardship and needlng sotially
supported living.
Followlng the transfer of the operations of the two almshouses, Lovell Park and Raglan Road to the
CIO the CIO seeks to maintain the standard of the almshouses following thelr refurbishment in
2010111. The CIO has sought to maintain this good standard accommodation through focused input
particularly drawing on the individual ski115 and knowledge of Trustees. The day to day review of the
properties and the provision of the soclal support are provided by the Managing Agent 54 North
Homes. Overall occupancy Is hlgh and volds are actively advertised by 54 North Homes.
2. Grant making to local Charltles
These are made wSth surplus funds from investments that have not been required by the charity for
the properties.
The Trustees have chosen to largely support a network of charrties, unique to Leeds, who support the
elderly population in the communities with particular emphasis on social isolation and hardship. They
are endeavouring to Improve quality independent life in their local communities. Grants are made for
facilities, projects and activities, not for Staffing and recurring costs. Grants to the total of £39,457
12021- £40,857) were made in thi5 financial year.
Investment performance
Durlng 2022 equlty indices tlosed at their highest level on the fi'rst tradlng day of the year and suffered
a series of declines before finding some sort of floor in October. November dellvered a second
consecutive month of gains for balanced investors. And whereas the positive correlation between
equities and bonds hèd been a decline for the first nine months of the year, 5t changed to more of a
tallwind with both assets gaining ground. This was evidenced wlthln the portfolio which fell 11.3% up
to the end of September but managed to regain some of the loss with an increase of 3.8% from
October to December.
As we look closer at the portfolio, the initSal fall In performance can be attributed to a number of
equities LEnderperforming during th@ first nine months of the year. River and Mer¢antile145.9%1, Axa
UK MSd Cap1-31.5%1, Franklin Templeton UK Mid Cap1-30.7%1 and Prudential1-29.9%1 are several
which struEgled durlng 2022 but retumed 16.3%, 9.9%, 12.7% and 26.4% respectNely in the final
quarter of the year.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2022
Bond yields continued to fall towards the end of the year. At its worst in October, the Bloomberg
Global Aggregate Index (which accounts for the whole investment grade marketl, was down more
than 25% from its peak at the beginning of 2021 and down almost 22% durlng 2022. A respectable
recovery of 9% still leaves us moving in the right direction.
Fixed Interest holdings followed a similar pattern to equities. Royal London Sterllng Credlt fell 22.3%
and then returned 5.1% as an example.
The persistence of higher inflation was the defining factor of the past year. disruption from the Covid
pandemic was a culprit, with supply chains thrown into disarrayi but that should eventually normalise.
Another driver of optimism arose is the expectations of a broader re-opening of the Chinese economv
within the next few months a￿ rising. Therefore, the plan is to continue to increase equity risk in
portfolios rather than reduce it at this sta8e in the cycle.
Flnan¢ial review
During the year the CIO continued to operate almshouses at Raglan Road and Lovell Park Road on a
broadly self-funding basis and to make @rants to individual resident5 and to local charitable
organi5ation supporting those in financial need.
Net expenditure for the year was £822,86812021'. net income £538.4201. Loss on investments for the
vear, inclu(led withln the net expenditure for the year, amounted to £585,045 12021- gains of
£585.1161.
A detailed survey was Carried out on the sites at Lovell Park and Raglan Road in the prior year. This
highltghted the need for major repair and maintenance expen5e5 at both sites. This resulted in
unusually high repair and maintenante expenditure in the year of £372,40612021-. £132,999).
Transfers of £69,628 12021.. £69,628), were made to designated reserves from the general fund in
connection with the housing propertie5 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-term objectives of the charlty.
The charity's restricted reserves consisted of the Permanent Endowment represented by the two
Almshouses at Lovell Park and Raglan Road in Leed5. In the prior year the permanent endowment on
investments was lifted and the tot31 funds were transferred to the unrestricted reserves. The
permanent endowment on the Almshouse sites remains.
The Designated funds amounting to £505,700 at 31 December 2022 are in line with the guidance
provided by the Almshotjse Association "standards of management" and a￿ considered by the
Trustees to be at an appropriate level.
The group'5 total re5erve5 amount to £6,728,418 at 31 DecerTiber 2022, wsth £6,393,109 held within
the CIO. Within this the Trustees have conSide￿d the level of free reseNes of the charity which
amount to £1,385.844. Free reserves include cash held on short term deposit with the investment
managers of £238,756. In setting the level of reserves the Trustees take Into account the need to keep

Harrison and Potter Trust
REPORT OF THE TRUSTEES Icontinuedl
Year ended 31 December 2022
operating should the charity suffer a loss of Income or should operations be disrupted in determining
the level of unrestricted fund5. The Trustees also have regard to the likely cost of updatlng the
properties and investing in fixed assets and to be able to withstand adverse events that can be
reasonably foreseen. The Almhou5e5 are likely to require addttional capital expenditure going forward
as the Almhouses become older.
Given all these conslderatlons and the fart that the Trustees have designated funds of £505,700 for
ad-hoc maintenance and extraordinary repairs, in addition to the free reserves, the Trustees are of
the view that the level of free reserves are at an appropriate level to enable the CIO to meet its
objectives and actwities in the future.
Risk fa¢tors
The Trustees have assessed the major risk5 to which the CIO is exposed and are satlsfied that systems
are in place to mitigate exposure to the malor risks.
The Trustees maintain a Risk Reglster whlch Is discussed at the quarterly meetings of trustees and
updated as necessary.
Value for Money
The Trust is committed to achieving Value for Money IVFMI and to focus on embeddlng good practice
into the whole Trust. The trustees have adopted a Value for Money strategy which i(lentifies the
ambitions of the trust to move towards a transformational approach to VFM.
VFM has been defined as the relationship between economyi efficiency and effectiveness. VFM is high
when there 15 an optimum balance between all three: relatively low cost, high productivity and
successful outcomes. VFM 15 about running a viable social business and lookingto continually improve
VFM activbties have the following objectlves at all levels and functlons withln the Trust.
To embed the VFM strategy and continuous improvement in the organisation's culture
To adopt further good prartice 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 2022
VFM Metric$
l- Reinvestment percentage
INew investment in properties as a percentage of total properties held)
2022
2021
7.6%
2A- New supply delivered Ipercentagel
(New social housing units developed as a percentage of Social housing units
heldl
NIA
NIA
2B- New supply delivered Inon-social housing unitsl
(Non-social housing unlts developed as a percentage of total housing units
owned)
NIA
NIA
3- Gearing percentage
(Loans less cash as a % of the value of housing propertiesl
NIA
NIA
4- EBITDA MRI interest cover percentage
NIA
NIA
5- Headllne social housing cost per unit
(Social housing costs excluding depreciatlon dlvlded by social housing units
owned)
£11,618 £7,491
6A- Operating mar8in
Ioperatlng gurplus as a percentage of turnover from social housing lettings)
-93%
-31%
6B- Operating margin overall
(Operating surplus as a percentage of turnoverl
-62%
-22%
7- Return on capital employed IROCEI percentage
Ioperatlng svrplus as a % of total assets less current liabilities)
-1%
PLANS FOR THE FUTURE
The Charity plans to continue the activities outlined above and no material change is anticlpated in
the way the almshouse operatloll 15 managed in the next financial year. The Charity intends to
continue to make grant5 as part of its charitable actwities during 2023 at a similar level.
The Charity has continued to look Into options regarding the Lovell Park site. Currently. the Trustees
are working with architects as to ways in which the site could be redeveloped in a way that would
provide addltional units. In addition, the Trustees will be considering adoption of modern construction
methods to ensure low energy use and the provision of facilities appropriate to the aims of the Charity.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continued)
Year ended 31 December 2022
STRucfuRE, GOVERNANCE AND MANAGEMENT
The Harrison and Potter Trust Is a charitable 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 activitie5 of Harri50n 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.
The linked Charity. Harrlson and Potter Trust Charity Number 1179665-1. is registered with Homes
and Communities Agency A1920.
The CIO Harrison and Potter Trust Charity Number 1179665 Is not registered with Homes and
Communitie5 Agency. It is the intention of the Trustees to apply for registration o*the CIO as soon as
15 practicable.
The body of Trustees comprises a maximum of eleven persons; minimum of four persons.
Other than the orlglnal trustees appolnted on 24 August 2018, new trustees are appointed for a term
of 3 years, after which period, they may put themselves forward for reappointment. The Trustees
meet quarterly in Februaryi May* August and November and at the February meeting elect a Chairman
for the forthcoming year.
The meetings in May and November focus primarily on financial and irbvestment matters including
annual accounts, budget5 for the almshouse operations, Investment performan￿ and fundlng
available for grants. The almshouse operation and welfare and needs of the residents of the
almshouses are reviewed with the managing agents at the quarterly meetlngs.
To assist the day to day admlnistratlon of the CIO, there is a finance and investments sub-committee.
In addition, individual Trustees liaise with the managing agent5 regarding welfare or property matters
throughout the year.
All Trustees give of their time freely and no Trustee remuneration 15 paid. Trustee5 are appointed by
a resolution of the exlsting Trustees passed at a special meeting.
On 16th July 2021 the trustees entered into a new almshouse management agreement wlth 54 North
Homes. This supersedes the previous ag￿eMEnt entered into on 22nd May 2014. This agreement sets
out in detail the management sèrvlces to be provided by 54 North Homes in relation to the
The agreement 15 subject to review on an annual basis.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO THE AUDITOR
The Trustees who were in offlce on the date of approval of these financial statements have confirmed,
as far as they are aware, that there is no relevant audit information of which the auditor is unaware.
Each of the Trustee5 ha5 confirmed that they have taken all the steps that they ought to have taken
as Trustees in orderto make themselves aware of any relevant audit information and to establish that
it ha5 been communicated to the auditor.

Harrison and Potter Trust
REPORT OF THE TRUSTEES (Continuedl
Year ended 31 December 2022
STATEMENT OF THE RESPONSIBILITIES OF THE TRUStEES
The Trustees are responsible for preparlng the Trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty
Accepted Accounting Practice).
Charity law, in England and Wales, require5 the Trustees to prepare financi315tatements for each
financial year which give a true and fair view of the state of affairs of the charity and of its incoming
resources and application of resources of the charity for that period. In preparing these financial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charlties SORP IFRS1021;
make judgernents 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 financlal statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to
pre5umo that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial p051tion of the charity and enable them to ensure that the financial
statements compty with the Charities Act 2011 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularSties.
This r
ort was ap
2 May 2023
oved by the Trustee5 on........................
Mr N Wainman
Trustee
Mr J Campbell
Trustee

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES
Year ended 31 December 2022
Oplnlon
We have audited the financial statement5 of Harrison and Potter Trust for the year ended 31
December 2022 which comprise the Statement of Financial Activities, Balance Sheet, Statement of
Cash Flows and note5 to the financial statements, including significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standard5, including Financial Reporting Standard 102, the Financial Reporting
Standard applicable in thè UK and Republic of Ireland (United Kingdom Gerkerally Accepted Accountlng
Practicel-
In our opinion the financial statements..
give a true and falr view of the state of the charitVs affair5 as at 31 December 2022 and of Its
incoming resources and application of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practi￿. and
have been prepared in accordance with the iequirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditorfs
responsibilitie5 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 audSt of the financial
statement5 in the UK, including the FRCS Ethical Standard. and we have fulfilled our other ethical
responsibilities 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.
Conclusions relating to going Concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the flnanclal statements is appropriate.
Based on the work we have performed, we have not identifSed any material uncertainties relating to
events or conditions that, indivldually or collectively, may cast significant doubt on the charity'5 abilwty
to continue as a going concern for a period of at least twelve months from when the financial
SLdLtiiiétli> thUiII¢iI Ij¥V IVI lj>iif.
Our responsibilities and the responslbilltles of thetru5tees with respectto going concern are described
in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the
information Included in the annual report, otherthan the financial statements and our auditorfs report
thereon. Our opinion on the flnancial statements does not coverthe other information and, except to
the extent otherwise explicitly stated in our report, we do not expres5 any form of assurance
conclusion thereon.

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES Icontinuedl
Year ended 31 December 2022
Our responsibility is to read the other information and, in doing 50, conslder whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the
course of the audit or otherwise appears to be materially mi55tated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statenients themselves. If, based on the work we have
performed, we conclude that there is a material migstatement of this other information,. we are
required to report that fart.
We have nothing to report in this regard.
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following matters in relation to which the Chartties
(Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the Trustees, Annual Report is inconslstent In any material respect
wlth the financial statements: or
the charity has not kept sufficient accounting records,. or
the financial statements are not in agreement with the accounting records and returns,. or
we have not recelved all the information and explanations we requlre for our audit.
Responsibilities 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
and fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statementg, the trustees are responsible for assessing the charity's ability to
continue as a going concern, di5c105inB, as applicable, matters related to going concern and using the
going cOn￿rn basis of accounting unless the trustees either intend to liquidate the charity orto cease
operations, or have no realistic alternative but to do 50.
Auditors, responsibillties for the audlt of the financial statements
We have been appointed as auditors under the Charftles Act 2011 and report in accordance with
regulations made under that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditors, report
that includes our opinion. Reasonable assurance is a high level of assurance, but is r>ot a guarantee
that an audit conducted in accordan￿ with ISAS IUKI will always detect a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
io

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES Icontinuedl
Year ended 31 December 2022
Irregularities. including fraud. are instances of non-compliance with laws and regulations. We desi8n
procedure5 in line with our responsibilities. outlined above, to detect material mi5Statements In
respect of irregularities, including fraud. The specific procedure5 for tliis en8a6eiiieiil aiia iliv ¥xlEwiL
to which these are capable of detecting irregularities, induding fraud are detailed below.
Identifying and assessing risk5 related to irregularities..
We assessed the susceptibility of the charity's financial statements to material misstatement and how
fraud might occur, including through discussions with the trustees, discussions within our audit team
planning meetingi updating our record of internal controls and ensuring these controls operated as
intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the
financial statements. We identified laws and regulations that are of SiEnificance in the tontext of the
charity by dlscusslons with trustees and updating our understanding of the sector In which the charity
operates.
Laws and regulations of direct significance in the context of the charity include the Charities Act 2011,
the Charities (Accounts and Reports) Regulatkons 2008 and guidance issued by the Charity Commission
for England and Wales.
Audit response to risks identified..
We considered the extent of compllance wlth these laws and regulations as part of our audit
procedures on the related flnancial statement items including a review of financial statement
disclosures. We reviewed the charity's records of breaches of laws and regulation5, minutes of
meetings and correspondence with relevant authorities to identify potential material rni5Statements
Ari£ing Wp di.¢r.ii%%pA thp rharit¢s pnliripE xnd procediires for compliance with 13ws and re8ulations
with members of management responsible for compliance.
During the planning meeting with the audit team, the engagement partner drew attention to the key
areas which might involve non-compliance with laws and regulations or fraud. We enquired of
management whether they were aware of any instances of non-compliance with laws and regulations
or knowledge of any artual, suspected or alleged fraud. We addressed the risk of fraud through
management override of controls by testing the appropriateness of journal entries and identifying any
slgniftcant transactions that were unusual or outside the normal course of business. We assessed
whether judgements made in making accounting estimate5 gave rise to a possible indication of
management bias. At the completion stage of the audit, the engagement partnerfs review included
ensuring that the team had approached their work with appropriate professional scepticism an(1 thus
the tapacity 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 events and transattions reflected in the financlal
statements. the less likely we would become aware of it. A150, the risk of not detecting a material
mi55tatement due to fraud is hlgher 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 furthp.r Ag%rriptinn nf nijr rpf pnnE4hilitipg IE Available on the Financial Reportine Coun¢il'5 website
at- www.frc.or
auditorsres
onsibilities. This description forms part of our auditorfs report.
il

Harrison and Potter Trust
INDEPENDENT AUDITOR'S REPORTTO THETRUSTEES Icontinuedl
Year ended 31 December 2022
Use of our report
This report is made solelyto the charitvs trustees, as a body, In accordance with Part 4 of the Charities
(Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state
to the trvstees those matters we are required to state to them in an auditorfs report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
otherthan the charity and the trustees as a body, forour audit work, for this report, orforthe opÉnions
we have formed.
[.fvx CJNfy4w-W
Saffery Champne55 LLP
Statutory Audwtors
Mitre House
North Park Road
Harrogate
North Y0r￿h1re
HGI SRX
Date:
12 June 2023
Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act
2006.
J2

Harrison and Potter Trust
STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating the Income and Expenditure accountl
Year ended 31 December 2022
Unrestrlcred
fund5
Restrirted
funds
Total funds
2022
Total funds
2021
Notes
Income from:
Charitable activities
Investments
Total
344,438
170,854
515,292
344,438
170,854
515,292
342,892
136.235
479,127
Expenditure on:
Raising funds
Charitable activities
Total
31,777
704,146
735.923
31,777
721,338
753,115
33,775
492,048
525,823
17,192
17,192
Net IIos5esl/gains on
investments
12,13
1585,0451
1585,0451
585,116
Net lexpenditure}Ilncome
{805,6761
117,1921
1822,868)
538.420
Transfers between funds
18
Net movement In funds
{805.6761
117,1921
1822,8681
538,420
Reconclliation of funds:
Total funds brought fo￿ard
7,198.785
352,501
7,551,286
7,012,866
Total funds carried forward
18
6,393,109
335.309
6.728.418
7,551,286
215123
The financial statements were approved by the Trustees on..............
and signed on their behalf by-
Mr N Wainman
Trustee
Mr J Campbell
Trustee
The notes on pages 16 to 29 fom) part of these accounts.
13

Harrison and Potter Trust
BALANCE SHEET
as at 31 December 2022
Note
2022
2021
Fixed assets
Tangible asset5
Investment properties
Investments
li
12
13
598,851
345,000
4,637,479
659,154
345,000
5,882,116
Total fixed assets
5,581.330
6,886,270
Current assets
Debtors
Investments
Cash at bank and in hand
14
15
38.481
799,226
750,806
29,258
345,642
390,397
Total wrrent assets
1.588.513
765297
Credltors: Amounts falling due within one year
16
1441,425
1100,2811
r+Jet current assets
1.147,088
665,016
Total assets less current liabilities
6,728,418
7,551,286
Net assets
6.728,418
7.551.286
The funds of the charfty:
Unrestrirted funds
Unrestricted general funds
Deslgnated funds
18
18
5,887,409
505,700
6,432,948
765,837
Total unrestricted funds
18
6,393,109
7,198.785
Restricted funds
18
335,309
352,501
6.728,418
7,551,286
215123
The financial statements were approved by the Trustees on .................... and signed on their behalf by:
Mrmwainman
Trustee
Mr J Campbell
Trustee
The notes on pages 16 to 29 form part of these accounts.

Harrison and Potter Trust
STATEMENT OF CASH FLOWS
as at 31 December 2022
Note5
2022
2021
Cash flows (used Inl operatlng actlvltles
23
116,183) 1284,9621
Cash flows provided by investing actlvltles
Purchase of tangible fixed assets
Investment income
IPurchasel/Disposal of current asset Investments
Purchase of listed investments
Proceeds from sale of listed investments
Decreaselllncreasel in cash held by the investment manager
Net Cash flows generated from investing activities
129,9281
170,584
135,565
{453,5841
206,416
1549,5641 1415,3851
1,153.237
470,104
55,919
154,5021
376,592
312,370
Net Increase In cash and tash equivalents in the year
360,409
27,408
Cash and cash equivalents at l January 2022
390,397
362,989
Cash and cash equlvalents at 31 December 2022
750,806
390,397
al Analysis of net funds
Asatl
Januarv
2022
Cash
flov
Asat31
December
2022
Cash at bank and in hand
390,397
390,397
360,409
360,409
750,806
750.806
JJ

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2022
ACCOUNTING POLICIES
BASIS OF ACCOUNTING
These flnancial statements have been prepared under the historical cost convention, as modified by the
revaluation of investments and investment properties, in accordance with Accounting and Reporting by
Charitie5.' 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 Charitles Act 2011.
Harrison and Potter Trust ICIOI meet the definition of a public benefit entity under FRS 102.
On 31 December 2019, all of the assets of Harrison and Potter Trust were transferred into Harri50n and
Potter Trust ICIOI with the exception of the Almshouse5. which are pemianently endowed and remain
Harrison and Potter lunincorporatedl. This transfer was accounted for under the merger accounting
method and the comparative amounts have been presented on the same basis in accordance with ihe
Charitie5 SORP IFR51021.
In 2020 Harrison and Potter CIO and Harrison and Potter luniJ)corporatedl became linked charities. This
ha5 been accounted for under the branch accounting method in accordance with the Chèrities SCIRP 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'5 resosjrces including the adequacy of working capital for the next
twelve months. The Trustees are satisfied 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 finan¢ial statements.
SOCIAL HOUSING GRANT
Social Houslng Grant ISHGI is paid by the Housing Corporation to reduce the cost of development and is
recognised as income on receipt and completion of the project to which it relates. SHG is repayable under
certain circumst3nce5i primarily following the sale of a property but will normally be restricted to net
proceeds of sale.
A Social Housing Grant of £675.042 wa5 received in connection to the refurbishment of Raglan Road and
was recognised In unrestrlrted reserves. Should a triggering event occur, thls amount would be repayable
by Harrison and PotterTrust lunincorporatedl la linked charity, charity number.. 1179665-11. TheTrustees
have obtalned confirmation from Homes England that the transfer of almshouse operations to Harri50n
and Potter Trust CIO was not a triggering event subject to Harrison and Potter Trust lunincorporatedl
(charity number.. 1179665-11 remaining a Registered Provider.
16

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2022
ACCOUNTING POLICIES Icontinuedl
FIXED ASSETS- HOUSING PROPERTIES
Housing properties are stated at cost which includes the following:
cost of acquiring land and buildings..
development expenditure.
Works to existing properties are works which result in an increase in the net rental income. such as a
reduction In the tuture maintenance costs, or result in a significant Èxtension of the useful economit Ilfe
of the property in the Trust. Only the direct overhead costs associated with these improvements are
capltalised.
FIXED ASSETS- OTHER
Othertanglble fixed assets are stated at cost with the exception of property held for investment purposes.
DEPRECIATION
Housing properties
Housing properties are depreciated at a rate of 2% per annum on cost. The depreclatlon on
the 2 almshouse propertie5 15 charged to Festricted funds. Land 15 not depreciated.
Investment propertie5
Investment properties are not depreciated.
Other fixed assets
Depreciation is provided on the following base5-
Heating 5VStems- 6.67% per annum on cost.
Other fixture5 & fittings- 15% per annum on cost.
INVESTMENT PROPERTIES
Investment propertie5 are stated at their estimated value on an open market basis at the balance sheet
Surveyor5 on an open market basis.
No depreciation is provlded in respect of freehold investment propertles or on leasehold Investment
properties where the uneXpl￿d lease term exceeds 20 years.
Details of the currentvalue and historical cost information for investment properties are given in note 12.
17

Harrison and Potter Trust
NOTES ON THE ACcOU￿s Icontinuedl
Year ended 31 Decernber 2022
ACCOUNTING POLICIES Icontinuedl
INVESTMENTS
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 15 included in the balance sheet under either creditors or debtors as appropriate.
COIF FUNDS IN CURRENT INVESTMENTS
COIF fvnds are included within current investments as they are a cash deposit with a maturity date of le5S
than one year which is held for investment purp05e5 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 to the Trustees. reserves policy. The
Fund 15 maintained by annual transfer out of the CIO'S income and used to cover items of extraordinary
repair.
CYCLICAL MAINTENANCE FUND
The Cyclical Malntenance 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 Énfrequent
inteNals.
RESTRICTED FUND5
These are funds that can only be used for particular restricted purpose5 WTthin the objects of the charity.
Restrictions arise when specified by the donor or when the funds are raised for particular restricted
purposes.
INCOME
Income represents income from social housing lettings, investment income and surpluses on disposal of
investments. Credit is taken for social housing letting income as it falls due. Investment income is
credited to the income and expenditure account on a receivable basi5.
APPORTIONMENTOF MANAGEMENT EXPENSES
Direct employee, administration and operating costs have been apportioned to relevant sections of the
income and expenditure account on the basis of actual expenditure. Flnance and administration costs are
further apportioned on the basi5 of estimated tirne spent on each activity.
18

Harrison and Potter Trust
NOTES ON THE ACcOU￿s (continued)
Year ended 31 December 2022
ACCOUNTING POLICIES Icontinuedl
GRANTS PAYABLE
Grants payable are recognised at the point at which they are approved and the recipient is notrfied.
Where the Trust has agreed to make a grant payment in the future to a specific recipient this is accrued
as expenditure.
TAXATION
For taxation purposes the Trust has charity status and accordingly is exempt from tax on its investment
nd rental income and on its capital gain5.
VALUE ADDED TAX
The Trust is not registered for Value Adtled Tax and expenditure 15 shown indu5ive of VAT in these
fsnancial statements.
FINANCIAL INSTRUMENTS
The charrly onty ha5 financial assets and financlal liabllities of a kind that qualify as basic financial
instru￿ents. Basic financial instruments are initially recognised at tran5artion value and subsequently
measure at their settlement value.
DEBTORS
Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered.
Prepayments are valued at the amount prepared net of any trade discounts due.
CREDITORS AND PROVISIONS
Creditors and provisions are recogni5ed where the charity has a present obliEation resulting 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 reliabty. Creditors and provisions are normally recognised at
their settlement amount after allowing for any trade discounts due.
vrEr¥M J II¥4J LE1￿[ LVIVII¥II I IVICIY I)
Rent315 payable underoperating leases, Whe￿ substantially all the risks and reward5 of ownership remain
with the lessor, are charged to the statement of financial activities in the year in which they fall due.
19

Harrison and Potter Trust
NOTES ON THE ACCOUNTS {continuedl
Year ended 31 December 2022
ACCOUNTING POLICIES Icontinuedl
CRITICALACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the Charit￿$ accountlng 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 h￿tOrICal
experience and other factor5 that are considered to be relevant. Actual results may differ from these
estimates.
The estimate5 and underlying assumptions are revlewed on an ongolng basis. Revislons to accounting
estimates are reco8nised in the period in which the estimate is revised whether the revisions affects only
that period, or in the period of the revision 3nd future periods where the revision affects both current
and future periods.
Comparative SOFA
Unrestrirted
funds
Restrlrted Total funds
fund5
2021
Income from:
Charitable activities
Investments
Total
342,892
136,235
479.127
342,892
136,235
479.127
Expenditure on..
Raising fund5
Charitable artivitie5
Total
33.775
474,856
508.631
33,775
492,048
525,823
17,192
17,192
Net gain51 IIOsse5lon investments
585,116
585,116
Net lexpenditure)l income
555,612
117,1921
538,420
Tr3n5fer5 between funds
Net movement In fvnds
555,612
117,1921
538,420
Reconciliation of fund5:
Total funds brought forward
6,643,173
369,693
7,012,866
Total fvnds carried fonvard
7.198,785
352,501
7,551,286
20

Harrison and Potter Trust
NOTES ON THE ACCOUNTS (continued)
Year ended 31 December 2022
Income from charitable activltles
2022
2021
Income from social housing lettings
344,438
342,892
Investment Income
2022
2Q21
Interest and dividend5 from investment portfolio
Rent81 income from rented land
165,854
5,000
170,854
131,235
5,000
136,235
Expendlture of ralslng lunds
2022
2021
Investment management fees
31,777
33,775
Analysis of expenditure on charitable arttvitles
Social housing
letting5
Provlslon of
grants
Totsl
2022
Total
2021
Mana8emerbt costs
Depreciation
Bad debts
Setvice costs
Routine maintenance
Planned maintenance
Support costs
Vouchers for residents
(note 71
Grants to external bodies
(note 71
95,753
60,303
11,5931
109,378
359,340
13,066
28,784
95,753
60,303
11,5931
109,378
359,340
13,066
28,784
16,850
86,925
58,450
3.293
125.525
115,469
17,530
40,799
3,200
16,850
39,457
39,457
40,857
665,031
56,307
721,338
492,048
Included in the above Is a £17,192 12021- £17,192) depreciation charge of the Almhouses whith is
restricted.
Governance costs included in support costs:
2022
2021
Audit and accountancy
Legal fees
Clerk to the Trustee5
13,260
12,756
5,802
20,309
38,867
13,291
26,551
21

Harrison and Potter Trust
NOTES ON THE Accou￿rS (continued)
Year ended 31 December 2022
Analysis of grants made
2022
2021
Vulnerable peDple and the homeless
Support to the over 60,5
Resident food vouchers
Grant to residents
22.777
16,680
3,850
13,000
56,307
23,080
17,777
3,200
44,057
All grants were made to Charitable organisations or beneficiaries in furtherance of the Charitls
objectives.
Net incomellexpenditurel for the year
This is stated after charging..
2022
2021
Depreciation of housing properties
Depreciation of other tangible fixed assets
Operating lease rental
Auditorfs remuneration
Current year:
for audit Services
for non-audit se￿ICe5- accountanry
17,192
43,111
3,379
17,192
41,258
3,110
12,960
2,280
8,640
4,320
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
The employees have their contracts of employment with 54 North Horn￿.
2022
2021
Employee costs during the year..
Wage5 and Salaries
38,640
38,696
None of the Trustees lor any persons connected with them) received any remuneration durlng the year.
Travel and SL¢b5iStence expenses amounting to £nil were reimbursed to the Tru5tees12021.' £nill.
No employee YeceNed emoluments of more than £60,CKJO during the current or preceding year.
22

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2022
10 Staff numbers
The average month number of employees lincluding part-time staffj during the year was as follows..
2022
No.
2021
Average number of employees
11 Tanglble flxed assets
Freehold land and bulldings
Lovell Park
Road
Heating
Systems
Fixiures &
Fittings
Raglan Road
Total
Cost/Valuation
C05t bl￿d
Additions
Disposals
Revaluation
Cost clfwd
719,326
146,115
605,644
142,029
1,613,114
719,326
146,115
605.644
142,029
1,613,114
Depreciation
Depn b/fwd
Charge for the year
Disposals
Revaluation
Depn c/fwd
451,232
14,387
61,708
2,805
333,603
38,579
107,417
4.532
953,960
60,303
465.619
64,513
372,182
111,949
1.014,263
NBV cllwd
253,707
81,602
233,462
30,080
598.851
I¥DV IJIIWrfU
Loo,v?*
At 31 December 2022 the Harrison & Potter Trust owned and managed 52 units 12021: 52 unitsl of
housing accommodation. All 52 units represented supported housin8 and housing for older people.
23

Harrison and Potter Trust
NOTE5 ON THE ACCOUNTS Icontinuedl
Yearended 31 December 2022
12 Investment properties
Freehold Land at
Barwick in Elmet
Valuation
At l January 2022
Revaluation
345,000
At 31 December2022
345,000
Net Book Value
At 31 December 2022
345,000
At l January 2022
345,000
This parcel of land was revalued on an existing use basis at £345.000 by Bartle & Son, Valuer5 &
Auctioneer5, as at 31 December 2021 and this value was in¢orpor8ted into the financial statements at
that date. The original cost of thi5 land is £5,465. The Trustee5 have reviewed this valuation at the year-
end and consider it to remain appropriate.
13 Investments
2022
2021
At market value:
At beginning of year
Additions
Disposal proceeds
IDecrea5el/increa5e in market value
5,587,441
549,564
11,153,236)
1585,0461
5,082,044
415,385
1470,1041
560,116
At end of year
Cash held by the investment manager
4,398,723
238,756
5,587,441
294,675
4,637,479
5,882,116
Further analysis of this is shown in note 22.
24

Harrison and Potter Trust
NOTES ON THE ACCOUNT5 Icontlnuedl
Year ended 31 December 2022
14 Debtors
2022
2021
Due w￿h1n one year..
Rent and service charges due
Bad debt provision
other debtors and accrued income
29,940
124,7151
33,256
38,481
33,384
127,5741
23,448
29,258
15 Current a55et investmènt
2022
2021
Charities Official Irbve5tment Fund Deposit
799,226
799,226
345.642
345,642
16 Credltors: amounts fallin8 due within one year
2022
2021
Trade creditors
Prepayments of rent and service charges
Other creditors and accrvais
41.326
27,174
372,925
441,425
35,025
18,728
46,528
100,281
The Trustee5 policy for payment of purchase invol￿5 is one month between receipt and payment
12021- one monthl.
17 Transfer of assets
In 2019, a transfer of net assets totalling £6,673,018 was made from Harrison and Potter Trust
lunincorporatedl to Harrison and Potter Trust ICIOI. This transfer was accounted for under the merger
accouniing metnoa ana tne comparative arnounis are preparea as IT ine assei5 nao alway5 [￿erE neiti oy
the CIO.
25

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2022
18 Analysis of charitable fund5
Balance I
January Incomlng
2022 resources
Funds 31
December
2022
Resources L0$5e5 on
expended investments
Transfers
Unrestricted funds
General fund
Revaluation reserve
6,093,413
339,535
511,423
1422,8571
1564,4771
169,6281 5,547,874
339,535
Designated extraordinary
repair fund
Designated cyclical
maintenance fund
Total designated funds
508,504
3,869
1300,0001
120,5681
26,416
218,221
257,333
765,837
113,0661
1313,0661
43,212
69.628
287,479
505.700
3.869
120,5681
Total unrestrlrted funds
7,198,785
515,292
1735.9231
1585,0451
6,393,109
Permanently endowed
almshouses
Totsl restricted funds
352.501
352,501
{17.1921
{17,1921
335,309
335,309
Total funds
7,551,286
515,292
1753,1151
1585,0451
6,728,418
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 maintenance fund) in order to fund future repairs
alld maintenance at the almshouses.
The designated extraordinary repair fund is used for any future extraordlnary repair. improvemerit or
rebuilding of the almshou5e5. Dye to the significant repairs in year the trustees agreed to utili5e the find for
£300,000 of repairs. The income is interest on the COIF Deposit apportioned based on the brought forward
value of the fund.
The designated cyclical maintenance fund is used forthe ordinary malntenance and repair of the almshouses.
This fund is to be utilised overthe short term and in 2022, £13,066 of void rep)ir5 expenditu￿1202l.. £17,531)
has been allocated to the fund. In 2021, £25,681 of day to day repairs were also added to this fund.
Pursuant to the Scheme effective 31 December 2019, Harrison and Potter Trust (unincorporated charity)
cannot hold expendable property free to use without restriction and therefore the restricted fund represent5
the carrying value of the almshouses which belon8 to Harrison and Potter Trust (unincorporated charity) a
linked charlty. For more detail see note 21. The restricted expenditure above represents the depreciation
charge on the two almshouse properties in 2022.
As detailed in note 22 the investments are split between various funds.
30

Harrison and Potter Trust
NOTES ON THE ACCOUNTS (continued}
Year ended 31 December 2022
19 Analysis of net a$sets between funds
General
fund
Designated Restricted funds
funds
Totsl
Fixed assets
Current asset investments
Cash at bank and in hand
Other net current assets
5.246,021
581,005
463,327
1402,9441
335,309 5.581,330
799,226
750,806
1402,9441
218,221
287,479
Total
5,887,409
505,700
335,309 6,728,418
Generdl
fund
Designated
funds
Restricted funds
Total 2021
Fixed a55ets
Current asset investments
Cash at bank and in hand
Other net current asset5
6,025,190
345,642
133,139
71,0231
508,579
352.501 6.886,270
345,642
390,397
171,0231
257.258
Total
6,432,948
765,837
352.501
7,551,286
20 Operating lease commitments
2022
Laundry
Equlpment
2021
Laundry
Equipment
Not later than l year
Later than l year and not later than 5 years
uver s years
3,110
11,664
3,110
12,442
2,333
17,885
14,774
27

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2022
21 LIDked Charity
On 31 December 2019 all assets with the exception of the two almshouses were transferred from Harrison
and Potter Trust lunincorporatedl to Harrison and Potter Trust ICIOI. The two alm5hou5e 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 charlties having ihe same Trustees, the charities became linked. The funds of Harrison and Potter Trust
lunincorporatedl are shown separately within the fund note as permanently endowed almshouses.
Harri50n and Potter Trust lunincorporatedl
Charity Number: 1179665-1
Home5 and Communities Agency: 224941
Total funds.. £352,501
22 Fixed Asset Investsnents
Cost
Marf(et Value
2022
2022
2021
2021
C4PITAL ACCOUNTS:
Capital Fund
Government Bonds and Fixed
Interest Stocks
Listed Equitie5
1,008,963
2,599,376
948,508
2,644,538
903,441
3,495,282
989.992
3,915,023
3,608,339
3,593,046
4,398,723
4.905,015
Special Range=
- The Charitie5 Official Investment
Fund
42,052
173,847
Total investments on capital
account
3,608,339
3,635,098
4,398,723
5.078,862
EXTRAORDINARY REPAIR FUND..
The Charities Official Investmet)t
Fund
256,060
508,579
CASH HELD
238,756
294,675
238,756
294,675
TOTAL INVESTMENTS
3,847,095
4,185,833
4,637,479
5.882,116

Harrison and Potter Trust
NOTES ON THE ACCOUNTS Icontinuedl
Year ended 31 December 2022
Investments
The investments are spllt between different funds as follows..
Capital ac¢ounts
Capltal Account- This is unrestricted
Special Range-This is unrestricted, and the Investment units were sold in the year. This has subsequently been
invested within the Current ￿setS Investment Charities Official Investment Fund Deposit, see note 15.
Income a¢wunts
Extraordlnary Repair Fund - Within the year the trustees sold the investment units within the Extraordlnary
Repair Fund. This has subsequently been invested within the Current Assets Investment Charlties Official
Investment Fund Deposit, see note 15. Subject to further consideration of suitable investments by the
trustees, the funds will be reinvested within a fixed asset investment account in line with the Almshouse
Investment Guidance.
The fijnd Is designated in that although it can be spent, it must be spent on "extraordinary repair"
23 Net Cash from operatlng activities
2022
2021
Net income for the reporting period before gainslllossesl on
investments
Adjusted for:
Depreciation of houslng properties
Depreciation of other tangible fixed assets
IlncreasellDecrease in debtors
Increase/{Decreasel in creditors
Investment income
1237,8231
146,6961
17,192
17,192
43,111
41,258
19,2231
1.592
341,144
1162,6431
1170,5841 1135,6651
Net cash (used inllprovided by operating activities
116,1831 1284,9621
29