Trustees’ Annual Report for the period
From 01/04/21 Period start date To 31/03/22 Period end date
Charity name: Barlow Homes For Aged Persons
Charity registration number: 203035
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Barlow Homes provides accommodation of 37 bungalows for elderly residents with links to the local area of Oldbury. There is a community hall on the estate that is used by the residents, local community groups and for local elections. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
There have been significant improvements to the bungalows and estate over the last few years to bring the properties up to a modern standard. This included renovated new kitchens and bathrooms, electrical rewiring and other improvements required. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | A high quality of homes on the estate which are popular and short periods of void lets. The community hall is used for local community groups and residents. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The final outturn as at 31/3/22 was a surplus of £67,909 which was transferred into reserves. This was higher than expected due to voids beingoccupied duringtheyear. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | There is no definitive policy but as a guide the Trust looks to have at least 10% of its annual rent income set aside in balances. The actual level of balances as at 31/3/22 is significantly above this level. |
| Amount of reserves held | Para 1.22 | £382,158.68 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Rental income from the properties is the main source of income. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Independent Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointed by Sandwell MBC |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The Trust receives administration and management support from Sandwell Council officers. Sandwell Council manage the lettings of the bungalows on the estate and ensure that all costs and income are separately accounted to the Trust. The trustees meet with key council officers approximately quarterly at the scheduled Board meetings. Decisions on the maintenance, repair and improvements of the bungalows and other estate issues are taken by the local trustee councillors on the Board. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charityname | Barlow Homes For Aged Persons |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 203035 |
| Charity’s principal address | Sandwell Metropolitan Borough Council Democratic Services Oldbury Council House, West Midlands B69 3BS |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Sandwell MBC | Sandwell MBC PO BOX 2374, Oldbury, West Midlands B69 3DE |
|||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Legal and Governan ce |
Surjit Tour Director Law and Governance and Monitoring Officer |
Sandwell Council House, Freeth Street, Oldbury. B69 3DB |
Name of chief executive or names of senior staff members (Optional information) Surjit Tour – Director Law and Governance and Monitoring Officer
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Ellen Fenton | ||
Chair Barlow Homes Management Committee |
||
| 21.11.2022 | ||
| 21.11.2022 |
BARLOW HOMES 2021/22 STATEMENT OF ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2022
| Budget 2021/22 |
Description | Actual P12 |
Profiled Budget |
Variance P12 |
|---|---|---|---|---|
| (1,400) (300) (144,000) |
INCOME Interest Receivable Hire of Hall Rents of Dwellings |
£ (538) (40) (151,139) |
(1,400) (300) (144,000) |
£ 862 260 (7,139) |
| (145,700) | Total Income | (151,718) | (145,700) | (6,018) |
| 20,200 5,100 44,400 1,000 500 800 700 1,200 4,000 50 100 550 0 1,000 7,700 0 |
EXPENDITURE Maintenance of Grounds Treeworks Response Repairs/Call Out/voids Gas - Community Hall Electricity - Community Hall Council Tax - Void Properties Water Charges - Community Hall Internal Cleaning Recharge Insurance Premiums Printing Postage Community Alarms Line Rental ICT hardware / software Events / miscellaneous Recharge from SMBC Legal Charges |
25,304 1,709 37,260 650 700 553 0 637 7,501 50 100 556 1,090 0 7,700 0 |
20,200 5,100 44,400 1,000 500 800 700 1,200 4,000 50 100 550 0 1,000 7,700 0 |
5,104 (3,391) (7,140) (350) 200 (247) (700) (563) 3,501 0 0 6 1,090 (1,000) 0 0 |
| 87,300 | Total Expenditure | 83,809 | 87,300 | (3,491) |
| (58,400) (314,244) |
Deficit/(Surplus) to date Reserves |
(67,909) | (58,400) | (9,509) |
| (372,644) | General Reserve cfwd | (382,153) | ||
[IL0: UNCLASSIFIED]
Finance Statement
I have checked that these accounts are a true and fair representation of transactions relating to Barlow Homes trust in 2021/22. It reconciled to the final ledger statements for Barlow Homes.
Neale Cooper – CIPFA Accountant
Sandwell Metropolitan Borough Council
14/12/2022