## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year **To** 31 03 2022 Day Month Year **From** 01 04 2021 ## Section A Reference and administration details **Charity name** BRIGHTER FUTURES ALMSHOUSE TRUST LIMITED **Other names charity is known by**[Formerly “Walsall Corporation Almshouses” and “Moseley’s ] ” Dole **Registered charity number (if any)** 216315 **Charity's principal address** 5 Whittle Court, Town Road Stoke-on-Trent Staffordshire **Postcode** ST1 2QE ## **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)**| |---|---|---|---|---| ||Brighter Futures Housing
Association Limited|||The Charity Commission for England and
Wales| ||Helena Evans|||Brighter Futures Housing Association Ltd| ||Simon Wilson|Chair||Brighter Futures Housing Association Ltd| ||Fern Basnett|||Brighter Futures Housing Association Ltd| ||Steve Rowley|||Brighter Futures Housing Association Ltd| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** 1 ## **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**||| |Bank|Lloyds Bank Plc|New Street, Birmingham, B2 4LP| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** The Charity has no employees ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document The “Scheme” is the governing document registered with the Charity Commission (eg. trust deed, constitution) on 5[th] October 2011 How the charity is constituted[The Charity is an unincorporated trust ] - (eg. trust, association, company) The Corporate Trustee (Brighter Futures Housing Association Limited) was Trustee selection methods appointed by the Scheme. - (eg. appointed by, elected by) - The Corporate Trustee has appointed specific members of its Board to act in its capacity as a Corporate Trustee. In selecting Board members for appointment the Corporate Trustee takes into consideration the relevant skills and experience of potential members. ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: Brighter Futures Almshouse Trust (“the Trust”) is a member of the National Association of Almshouses which provides helpful advice and assistance. • policies and procedures The Trust has adopted the Financial Standing Orders of its Corporate Trustee, adopted for the induction and Brighter Futures Housing Association Limited. The Orders ensure that financial training of trustees; risks are managed, an adequate system of internal control is in place and • the charity’s organisational accurate financial books and records are maintained. structure and any wider Brighter Futures Housing Association Limited provides general management, network with which the charity housing management and accounting / financial management services to the works; Brighter Futures Housing Association Limited provides general management, network with which the charity housing management and accounting / financial management services to the works; Trust. The provision of these management services and arrangements for their • relationship with any related reimbursement are set out in a Management Agreement between the two parties. parties; No payments (or other benefits) are made to Brighter Futures Housing • trustees’ consideration of Association Limited (or any designated members of the Board) in respect of its major risks and the system role as a Corporate Trustee. and procedures to manage them. **TAR** March **2012** 2 ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** The Trust provides 11 high quality self-contained homes in the Borough of Walsall for the relief of poverty, hardship or distress of its residents. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** The transfer of the Corporate Trusteeship to Brighter Futures Housing Association Limited too place on 5[th] October 2011. This was a key event in the history of the Trust. Following this transfer, the Trustees approved a complete refurbishment and redecoration works programme for all 11 homes. The works took place between November 2011 and May 2012 and have bought the homes up to a modern and habitable standard for the first time in many years. Prior to the transfer date only one home was occupied but from May 2012 other residents started to move in and by 23[rd] July 2012 all 11 units were fully occupied. In agreeing our plans and activities for the period the Trustees have kept in mind the Charity Commission’s guidance on public benefit. The focus of our activities has been to bring the properties of the Trust back into use for the benefit of the residents of Walsall. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 3 Section D Achievements and performance ## **Summary of the main achievements of the charity during the year** The scheme continues to be a success for its residents and for the Charity. Continued support provided by Brighter Futures Housing Association Limited has ensured that residents have again been able to successfully maintain their tenancies. There were no vacancies within the 11 properties during the course of the year. The continues to be financially strong, allowing all ongoing existing expenditure to be met alongside the repayment of capital and interest on the refurbishment loans. Contributions to the repair and maintenance funds have continued in the year and will enable future maintenance liabilities to be met. The tenants are supported by Brighter Futures Almshouse Trust are people living in the Walsall area who are in need, suffering hardship or distress. They are supported to make sure they are in receipt of benefits they are eligible for and helped with day to day aspects of their lives. **TAR** March **2012** 4 ## **Section E Financial review** Cash at bank and in hand of £117,223 is held as at 31[st] March 2022. This cash **Brief statement of the** has been created from charitable activities operating surplus. **charity’s policy on reserves** The Trust established maintenance reserves for extraordinary repairs, routine maintenance and cyclical maintenance in line with the National Association of Almshouses recommendations, at the year ending 2022 a further £19,564 has been transferred to the reserves. These reserves currently stand at £150,584. **Details of any funds materially in deficit** N/A ## **Further financial review details (Optional information)** During the year a 30-year business plan was produced. The plan shows that the You **may choose** to include Trust is a feasible business for the foreseeable future; making sufficient surplus additional information, where to cover all obligations. relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Simon Wilson **Position (eg Secretary, Chair,** Chair **etc) Date** 21/12/2022 **TAR** March **2012** 5 ||Charity Name
**BRIGHTER FUTURES ALMSHOUSE TRUST**|Charity Name
**BRIGHTER FUTURES ALMSHOUSE TRUST**|Charity Name
**BRIGHTER FUTURES ALMSHOUSE TRUST**|Charity No
(if any)|**216315**|**CC17a**| |---|---|---|---|---|---|---| ||Annual accounts for theperiod|||||| ||Period start date|**01/04/2021**|**To**|Period end
date|**31/03/2022**|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||81,976|-|-|81,976|79,587| |||-|-|-|-|-| |||81,976|-|-|81,976|79,587| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||52,355|-|-|52,355|49,339| |||900|-|-|900|900| |||-|-|-|-|-| |||53,255|-|-|53,255|50,239| |||28,721|-|-|28,721|29,348| |||-|-|-|-|-| |||28,721|-|-|28,721|29,348| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||28,721|-|-|28,721|29,348| |||220,174|-|-|220,174|190,826| |||248,895|-|-|248,895|220,174| CC17a (Excel) 11/01/2023 1 ## **Section B Balance sheet** |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05| |---|---|---|---|---|---|---| |||193,742|-|-|193,742|192,308| |||-|-|-|-|-| |||-|-|-|-|-| |||193,742|-|-|193,742|192,308| |||||||| ||||-|-|-|-| |||2,746|-|-|2,746|1,034| ||||-|-|-|-| |||117,223|-|-|117,223|120,511| |||119,969|-|-|119,969|121,545| |||||||| |||12,243|-|-|12,243|18,502| |||||||| |||107,726|-|-|107,726|103,043| |||||||| |||301,468|-|**-**|301,468|295,351| |||||||| |||52,576|-|-|52,576|75,177| |||-|-|-|-|-| |||||||| |||248,892|-|-|248,892|220,174| |||||||| |||98,308|||98,308|89,154| |||150,584|||150,584|131,020| ||||-||-|-| |||||-|-|-| |||||||| |||248,892|-|-|248,892|220,174| |||||||| |||Signature||Date of
approval
Print Name||| |||||Simon Wilson||21/12/2022| |||||||| CC17a (Excel) 11/01/2023 2 ## **Independent examiner’s report to the trustees of Brighter Futures Almshouse Trust** I report to the trustees on my examination of the accounts of the Brighter Futures Almshouse Trust (the Trust) for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 2 of 2 Signed: Name: Lee Cartwright Relevant professional qualification or membership of professional bodies (if any): ACA Address: The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT Date: 25 October 2022