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2022-06-30-accounts

Charity number: 219031 HCA registration number: A2993

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

HARBORNE PARISH LANDS CHARITY

CONTENTS

Page
Reference and Administrative Detais of the Charity, its Trustees and Adviser 1 - 2
Trustees' Repor 3 - 2 8
Statement of Trustees' Responsibities 29
Independent Auditor's Repor 30-32
Statement of Financial Activities 33
Balance Sheet 34
Statement of Cash Flows 35
Notes to the Financial Statements 36- 52

HARBORNE PARISH LANDS CHARITY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2022

Reference and Administration Information

Charity Name Harborne Parish Lands Charity Charity Registration Number 219031 HCA Registration Number A2993 Principal Office Holligworth House 109 Court Oak Road Harborne Birmingham B17 9AA

Board of Trustees

With effect from 1 3 June 2019 the sole Trustee is the Harborne and Smethwick Charitable Trust (Registered Company Number 11217433 and Charity Number 1177527).

The Trustees and Directors of the Harborne and Smethwick Charitable Trust at the date this report was ap­ proved are:

Cllr A Bostan Mrs B Chetiyawardana Cllr P Fowler (Resigned 29 August 2022) Mr G Hewitt BA (Hons) Mr D Jeffery (Chairman) Mrs P Ledbeater Mrs R Silber Mr V Silvester MBE Mr N Thompson Mr F Wayt

Chief Executive

Mr S J Simpson BA (Hons)

External Auditors

MHA MacIntyre Hudson Rutland House 148 Edmund Street Birmingham B32FA

Bankers National Westminster Bank pie 4t Floor 2 St Philip's Place Birmingham B32RB

HARBORNE PARISH LANDS CHARITY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (continued) FOR THE YEAR ENDED 30 JUNE 2022

Solicitors Anthony Colins
134 Edmund Street
Birmingham
B32ES
Tyndalwoods
29 Woodboure Road
Edgbaston
B17 8BY
Higgs and Sons
3 Waterrnt Business Park
Brierley Hil
West Midlands
DY51LX
Sureyors Bruton Knowles (until 9 May 2022)
42 Bul Street
Birmingham
846AF
Commercal Porflio (frm 9 May 2022)
Cotons Charered Sureyors
Cavendish House
359/361 Hagley Road
Edgbaston
B17 8DL
Residential Porflio (from 9 May 2022)
Rober Powel Charered Sureyors
7 Church Road
Edgbaston
Birmingham
B15 3SH
Investment advisor Evelyn Parners (Formaly Smith&Wliamson Investment Management
Lmited)
3Floor
9 Colmore Row,
Birmingham
83 2BJ
Interal auditor Haines Wats (HW Controls and Assurance LLP)
30 Camp Road
Farborough
Hampshire
GU14 6EW

2

HARBORNE PARISH LANDS CHARITY

TRUSTEES'REPORT FOR THE YEAR ENDED 30 JUNE 2022

Foreword by David Jeffery Chair of the Board of Trustees

Another eventful and unpredictable year. Out of the frying pan that was Covid and into the fire what was [and is] the cost-of-living and energy crises, and a year of unprecedented political chaos and turmoil. These are all issues that have diverted us away from our normal business and have impacted on the Charity in many ways as set out in the following comprehensive report.

Covid is, of course still with us and the flu is set to be a major problem this winter. Fortunately, almost all our residents are fully vaccinated against both.

On the plus side:

During the next year there will be many priorities [some not yet even foreseen!]. I think that we as Trustees will be particularly keen to ensure that:

This report is an annual opportunity, on behalf of all the Trustees, to thank the Charity's staff. We know that we are lucky to have such a well-qualified, experienced, and motivated group of people. They often work long hours and "go the extra mile" to ensure the well-being, comfort, and safety of our residents, and deal sympathetically and efficiently with our grant recipients. I would like to pay tribute to their unceasing dedication to the Charity and the professional way that they conduct themselves in sometimes very challenging situations.

3

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

I would personally like to thank the Chief Executive, Steven for all his hard work and leadership. We meet at least once a week and regularly speak on the telephone. He is always on top of the situation and his ability to spot problems long before they arise is a huge benefit to us. This has been a very challenging year for him - as will be apparent from the accompanying report - he has come through it relatively unscathed.

Finally, can I thank my fellow Trustees for their commitment and attendance at board & committee meetings, albeit sometimes via Zoom. My particular thanks to Frank Wayt, Rachel Silber, Vic Sylvester, and Nigel Thomp­ son who chair the 4 important Committees.

oae 20 · 2022

4

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

Chief Executive's Introduction

As I write this introduction in November 2022 my thoughts are understandably dominated by the cost of living crisis. The phrase 'cost of living crisis' is in many ways misleading. The word 'crisis' implies that the condition is an event in isolation but the reality is the cost of living crisis is a symptom not a cause. It is a symptom of widening inequality. It is a symptom of poor energy security. It is a symptom of deteriorating international relations. It is a symptom of global economic shocks. And, it is a symptom of the widening gap between rich and poor.

Increases to household costs will put pressure on those who can least afford it. Cost pressures will impact those who are already disadvantaged and could lead to economic exclusion for whole generations in some communi­ ties and it is against this context that we present this year's financial accounts and reports.

This crisis comes on the back of a difficult year. Post-pandemic supply chain shocks have impacted every area of the charity's operation and inflation, interest rates and the energy crisis have been a dominant theme through­ out 2022. The charity finds that the cost of its charitable activities has increased while investments are under pressure. Despite this 2022 has been a satisfactory year. Income has increased to £1,568,349 while expenditure too has increased to £1,510,655 however the total value of the charity's assets has reduced to £21,806,963. While any reduction in the charity's assets is regrettable this financial performance is reflective of the times and belies the huge labour, blood sweat and tears demanded of our staff to achieve it.

In our attempts to secure best value the charity has changed its property management consultants and is looking forward to building new professional relationships with the teams at Cottons Chartered Surveyors and Robert Powell Chartered Surveyors.

In our difficult environment we have been reliant on our staff team to once again stand tall and achieve remark­ able things. Once again, they have not been found wanting. The 'day job' for everybody working at the Harborne Parish Lands Charity has become more complex. Simple repairs and maintenance tasks now require careful scrutiny of market forces to ensure we achieve best value while procuring items for individual grant requests now requires individual negotiations as prices can change so much from week to week. The staff have also had to embrace an ever-increasing level of legislation, procedure and oversight. I personally am extremely grateful for the effort that all of my team have put into welcoming the new normal of 2022 and ensuring that no aspect of the charity's operations is neglected in their quest to continue delivery of the high-quality services our benefi­ ciaries have a reasonable right to expect at reasonable costs.

Yet these efforts take their toll. In 2022 the charity's Activity Coordinator, Hilly Beresford, resigned. The job of Activity Coordinator is a difficult one. Balancing the conflicting opinions, wants and desires of the very different groups of people that make up the charity's resident population can be challenging. Never more so in the provi­ sion of their activities programme, in musical taste alone they can range from the Glenn Miller Band to The Clash. Add to this range the challenge of the restrictions associated with the pandemic and it becomes clear just how tough the Activity Coordinator's job has been. We are grateful to Hilly for all the efforts she put in to the charity and will be appointing a successor in 2023.

As Christmas approaches, I am struck by how bleak this December will be for many families across the country but I also know that my team of capable warriors for social and economic inclusion will do all they can to continue to help people in need in The Ancient Parish of Harborne and that together, come what may, we will achieve the charity's ission.

oae. 36//72

5

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and Activities

The origins of the charity are lost in the mists of time, but it was mentioned in a document dated 1640 and may date from a bequest by Mrs Elizabeth Cowper (alias Piddock) in 1576. Today the charity owns various invest­ ments together with five almshouse properties which were part funded by the then Housing Corporation. The area of benefit is the Ancient Parish of Harborne, now in the County of West Midlands and the beneficiaries are the almspeople and those in need within the parish.

Objectives

The Harborne Parish lands Charity has two primary objectives:

The area of benefit consists of the 12 parishes, which together make up the Ancient Parish of Harborne. These are:

St Boniface Quinton Road West (Birmingham)

St Faith and St Laurence (Harborne)

St John (Harborne)

St Peter (Harborne)

St Albans (Smethwick)

St Chad (Smethwick)

St Mary (Smethwick)

St Matthew (Smethwick)

St Michael and All Angels (Smethwick)

Old Church (Smethwick)

This geographical area comprises most of Harborne and some of Quinton in the City of Birmingham as well as most of Smethwick and a small part of Bearwood in Sandwell Metropolitan Borough Council.

Activities and Structure

To achieve these objectives the charity employs a team of 1 1 people. The Trustees have appointed a Chief Executive to run the charity on a day-to-day basis.

The charity operates 99 almshouses in five schemes to provide accommodation to those who cannot meet their own housing needs. Each almshouse is a self-contained one bedroom (or in exceptional cases two bedr m) flat or cottage in a sheltered housing scheme. All schemes have communal controlled entrances to ensure our residents feel safe and secure and pull cord systems to help with moments of crisis. The almshouses are the responsibility of a Housing Manager, who is supported by a Policy and Information Officer and Senior Building Manager. Each scheme then has a Building Manager who is responsible for providing the intensive housing management service at that scheme. The charity also employs a Support Officer to help our almshouse residents live independently for longer and an Activity Co-ordinator to provide a programme of stimulating activities and trips that increase our residents' quality of life. Two of the larger schemes also have a cleaner who supports the Building Managers to keep these schemes clean, tidy and safe.

6

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

The charity invites organisations delivering services in the Ancient Parish of Harborne to apply for grants to support public groups in need. The charity sets an annual grant strategy by reviewing the needs in the ancient parish through primary data where available and through local economic and social plans. Organisations are then invited to apply for grants in one of 4 or 5 target areas such as child poverty, debt management, food and household goods distribution, older people living social isolation or younger people at risk of becoming NEET (Not in Employment, Education or Training). Grant applications are assessed in four rounds each year and applying organisations are asked to detail the group they wish to work with, the outcomes they are expecting to achieve and why this is to the benefit of the public as a whole. After twelve months ( or sooner if the project is shorter) the charity conducts a post grant monitoring exercise to ensure the money was spent on the stated purpose and the expected results were achieved. The charity aims to use grant funding to organisations to address long term structural issue that cause or result from poverty in the ancient parish of Harborne.

Finally, the charity runs an individual grants programme for those in immediate poverty and crisis. Referrals for this service predominantly come through third party agencies engaged with individuals such as health workers, family support workers and housing officers. Individual grants will not normally exceed £800 per household and could be for a diverse range of items that relieve need and cannot be easily funded elsewhere. Examples include the purchase of white goods or essential furniture. The charity employs a Grants Officer to manage and monitor grants to organisations and deliver our individual grants programme. The charity aims to use its individual grant programme to address far more acute and immediate, individualised effects of poverty.

These operations are supported by a central services team consisting of an Office Administrator and Finance Officer who are supported by the services of a part-time Finance Manager contracted from the Jericho Founda­ tion.

The organisation's key management personnel are:

Steven Simpson, Chief Executive

Steven joined the charity in January 2014 having previously worked in senior national roles with Remploy Ltd and the Jericho Foundation. Steven is responsible for working with the board to set the strategic direction of the charity and ensuring the charity meets its objectives. Steven has an honours degree in history and is a member of the Chartered Institute of Housing. As Chief Executive Steven is responsible for working with the board to set the strategic direction of the charity, realising this strategy as an operational plan and then ensuring its delivery.

Carolyn Arnold, Housing Manager

Carolyn joined the charity in 2007 and has served in a number of roles before being appointed Housing Manager in March 2016. Carolyn is responsible for delivering the charity's housing and related services. Carolyn is a member of the Chartered Institute of Housing.

Gillian Rigby, Information and Policy Officer

Gill has over 20 years of housing management experience and holds degrees in political science and housing management. Gill is also a member of the Chartered Institute of Housing. Gill manages the charity's data, trans lates government policy and guidance in practical activities and writes many of the charity's policies and proce­ dures.

Tony Whitehouse, Senior Building Manager Tony has over 30 years of building trade experience included over 20 years spent maintaining HPLC properties on behalf of one of the charity's contractors. Having joined the charity in 2012 Tony was awarded the position of Senior Building Manager in 2016. Tony is responsible for the technical aspect of managing the charity's housing stock including planned maintenance and project management of major refurbishments.

7

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

Nick Wallace, Finance Manager

Nick joined the charity in May 2017 after the retirement of the charity's previous Finance Manager Alan Porter. Nick has over 17 years of experience working with charities across the West Midlands and is also the Finance Manager for the Birmingham based Jericho Foundation. Nick is responsible for preparing financial reports, help­ ing the Chief Executive, Senior Management Team and Trustees to analyse those reports, preparing annual budgets, drafting financial rules and regulations and formulating financial policies.

These Key Management Personnel form a Senior Management Team (SMT) that leads the charity through the­ matic responsibility for the charity's objectives and support operations. They meet weekly to monitor financial and non-financial performance, legislative changes, policy direction, staff development, strategy, health and safety, ICT, data management and any other burning issues.

Governance

Governing Documents

Under a scheme of the Charity Commissioners dated 16 November 1990 "The Harborne Parish Lands Charity" and "Grice Memorial Homes" are administered and managed as one charity under the name of "The Harborne Parish Lands Charity", subject to, and in accordance with, the Schemes dated 21 May 1979 and 9 October 1986. The charity registration number is 219031 and the HCA registration number is A2993.

In June 2019 and a new charity was incorporated as, the Harborne and Smethwick Charitable Trust (registration No. 1177527) which became the sole Trustee of Harborne Parish Lands Charity.

Trustees

The charity's corporate Trustee is the Harborne and Smethwick Charitable Trust (No. 1177527) Harborne and Smethwick charitable trusts has 12 Trustee positions, two of whom are nominated by Sandwell MBC and two by the City of Birmingham under imported nomination rights from the Harborne Parish Lands Charity. Nominative Trustees serve for a term of four years. The remaining eight Trustees are co-opted onto the board and serve for a five-year term. Co-opted Trustees must know the area of benefit through residence, employment, or another special knowledge.

The Trustees have formed four committees to govern each aspect of the charity's activity. The Almshouse Com­ mittee is formed of the almoners (Trustees who are appointed to be advocates for the beneficiaries at each of our almshouse schemes) who monitor our almshouse performance as well as reviewing and approving new applicants for housing. The Property Committee monitors the activities of the charity's appointed property man­ agement firms and makes decisions about the strategic management of our investment property portfolio. The Finance and Audit Committee monitor the charity's management accounts, the performance of the charity's investment manager, our internal arrangements for value for money, weekly maintenance charges and ensure that the charity's resources are managed wisely. The Charitable Activity Committee reviews the annual grants strategy, individual grant approvals and reviews post grant-monitoring reports. Each committee meets four times each year and the full Board of Trustees meet five times a year to review the work of the committees and make any non-devolved decisions.

Induction Arrangements

The Chief Executive and Chairperson outline the responsibilities of Trustees to all new applicants at a one-to­ one interview. During this interview they assess an applicant's eligibility to serve as a Trustee using the charity's internal declaration form and the Charity Commission's guidance on eligibility to serve. Once eligibility has been confirmed the Trustees vote at the next board meeting as to whether to accept or decline the nomination or submission. Once accepted the Trustee is presented with a copy of the charity's policies and procedures, im­ portant contact information, the charity's business plan, schedule of meetings and the Charity Commission's document CC3 the essential Trustee. They are notified of the next full board meeting and invited to attend.

8

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

After their attendance at the next board meeting Trustees are offered a one to one session with either the chair­ man or the Chief Executive to discuss any questions they may have and to tour one or more of the charity's almshouses. Trustees are encouraged to think about which sub-committees they may wish to join the following February.

Pay and Remuneration.

Trustees of the Harborne Parish Lands Charity are not paid however they may claim expenses. The charity has a documented policy for the claiming of Trustee's expenses detailing what may be claimed and what evidence is required to substantiate a claim.

The Trustees review pay and conditions annually at the February meeting of the Finance and Audit Committee who then make recommendations to the full board regarding cost of living increases, pension contributions and additional benefits. The annual review of pay and conditions is applied equally to all staff and is implemented the following April. In 2022 the Trustees awarded a 4% cost of living increase for all staff as well as a one off 4% cost of living allowance for the period August 2022 to March 2023.

The charity has a documented pay scale. The pay scale details seven key bands; trainee, staff, officer, senior officer, manager, and executive. These bands correspond to the level of management responsibility and ac­ countability each post holds. Each band has a pay level set in relation to the other bands.

Within each band there are four increments. Normally, all new staff are appointed on the lowest increment and progression to the next increment takes place at the discretion of the Trustees in reward for a member of staff either significantly increasing their skills level, or undertaking additional responsibilities that are still commensu­ rate with their banding. In April 2020 the Trustees undertook to extend the short-term, non-contractual, pension accelerator scheme originally undertaken in 2017 for another two years. The Trustees hope that this will encour­ age the staff to save more for their retirement. This scheme matches staff personal pension contributions up to an additional 5% over the contractual 5%.

All eligible staff are enrolled in an auto enrolment compliant pension scheme and the charity contributes 5% of staff earnings to these schemes.

The charity offers a number of additional benefits to all staff including. participation in a cycle2work scheme, a salary-sacrifice car scheme, BHSF healthcare cash back scheme, and a death in service insurance scheme. In 2022 the charity introduced critical illness cover for all staff who have served continuously with the charity for three months or more.

Staff expenses are paid in arrears and on the production of evidence of expenditure. The charity has a policy for the payment of staff expenses.

Only one member of staff has a remuneration package that exceeds £60,000 and the total amount of money spent on senior staff in the year is £184,867.

Participation in Wider Networks

The charity is engaged in a variety of networks and subscribes to a number of services and publications to support both strategic and operational decision-making.

Trustees have access to Personnel, Governance, Third Sector and Charity Finance magazines subscriptions while, HABM and Association of Charitable Foundations (ACF) publications are available at our Hollingworth House offices. The Senior Management Team have access to Tips and Advice Personnel, Tips and Advice Health and Safety and Tips and Advice Environment.

9

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

To ensure up to date Human Resource (HR) and Health and Safety (H&S) advice the charity contracts Citation Ltd. to provide health and safety, audits, reports, advice and protection. This year's site inspections were returned to in person visits following the disruption caused by the COVID-19 pandemic. Assessors were once again im­ pressed with the charity's attitude to health and safety noting only that fire risk assessments will need to be reviewed in early 2023 and recommending that the charity commence 3 monthly checks on the driving licence status of all staff driving as part of their job.

To ensure connectivity with best practices across the grant giving sector the charity is a member of the West Midlands Funders Network (WMFN) and the Association of Charitable Foundations (ACF).

WMFN is an organisation established to provide an exchange of intelligence, information and best practice across all funding organisations in the West Midlands. In 2021/22 staff from the charity attended sessions on:

Many of these meetings were now held in person and provided excellent opportunities for networking. The char ity's grants officer is the treasurer of WMFN and the charity's chief executive was elected chairman in 2022.

ACF is a national umbrella body for trusts and foundations that donate money, goods or services. ACF publis a series of magazines and online bulletins that highlight trends and best practice within the sector.

To ensure connections to best practice across the housing sector, the charity is a member of the National Hou ing Federation (NHF) and at a more local level, the Birmingham Social Housing Partnership (BSHP) and th West Midlands Small Housing Associations Benchmarking Group (WMSHABG) which is run by Acuity.

BSHP is an organisation that acts as an umbrella for all registered social landlords in Birmingham that aims to work together to influence housing policy in the city. BSHP is Birmingham City Council's preferred conduit for the release of information.

WMSHABG comprises 14 local providers with less than 1000 units of social housing and works together to compare performance data, share intelligence regarding contractors, sector trends and market conditions, re­ porting and where possible jointly procure goods or services. The charity chairs and hosts the Sandwell Council Social Landlords Liaison Group. This group comprises all interested social landlords with housing stock in Sand­ well and is the primary forum to receive updates on both performance and future changes from the Council.

The charity is also a member of the Almshouse Association and is registered with the Housing Ombudsman.

In addition to these more formal arrangements the charity works informally with Yardley Great Trust, Sir Josiah Mason Trust and Lench's Trust to share best practice and jointly procure/source services. For the past 4 years the partnership has participated in a joint resident scrutiny panel and appointed an external facilitator to run it. This panel has been formed in response to the difficulty in securing resident input from our small resident popu­ lations. By working together each organisation is able to benefit from an increased resident pool of potential participants and also compare and contrast services and responses within the group.

10

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

Unfortunately, the panel's activity was suspended due to dangers of meeting during the COVID-19 pandemic and since that time the panel's facilitator has moved on. The group hopes to appoint a new facilitator and re­ commence resident scrutiny reviews by June 2023.

Risk

The charity takes an active approach to managing risk. Key risks are identified, rated and mitigation strategies devised using the charity's risk register. The Trustees review the risk register twice a year. Financial risks are stress tested to understand what level of financial management is required, what impact the risk will have and how severe the situation would have to become before the risk could no longer be managed.

On the risk register the likelihood of all risks is rated using a simple numeric scale where 1 is unlikely and 3 is probable. The impact of all risks is then assessed; again, using a numeric scale where 1 is low impact and 3 is high impact. Each number is multiplied by the other to give a risk rating score between 1 and 9, where 1 is a risk of low priority and 9 is a fundamental risk. All risks scoring 6 or more are reported below.

These risks were represented on the risk register as follows:

Risk Current Control New
tions		 Mitigating
 Ac- Accountble
Changes to the Laison with Housing Beneft sections. None - Risk un- Chief Executve&Hous-
benefs system canged since last year ing Manager
impact WC col- Netoring and keeping abreast of developments.
lecton
Make use of specialist advice where required.
Information and Policy Ofcer to track polic changes in
polic at local and national level
Finance team to underake stress testing to assess the
charit's critical decision points.

1 1

HARBORNE PARISH LANDS CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022

Long term loss of Good terms and conditions wich are regularly reviewed Regular reviews of pay Chief Executve
key members of along with salaries. Use Citaton to ensure good practce and conditons to en-
staf in employment maters. sure a reasonable and
compettve response
Use of agency staf to cover gaps and ensure continuit to the cost of living cr­
of serice. sis.
Development the Senior Management Team.
Use of appraisals to antcipate prblems.
Develop succession strategy and people plans as par of
the 2017 -22 busness plan.
Increased number of social events and events that re-
ward success. Greater communication beteen Trustees
and al staf at post board meeting lunches etc.
Increased number of social events and events that re-
ward success. Greater communiction beteen Trustees
and al staf at post board meeting lunches etc.
Failure of the in- Investment managers appointed to advise and manage None - Risk un- Finance&Audit Commit-
vestment porolio porolio. changed since last year tee
to generate the ex- Use of bench-marking.
pected returs
Dynamic dialogue with investment managers to ensure
maximum fexibiity during uncerainty and volatlt.
Revising the asset alocation to move a prporion of
funds from UK equites to rest of the world should insu­
late the charity frm some more dramatic post Brexit
consequences.
Almshouses WC Regular monitoring and reporing of WC payments. Monitor recent in- Housing Manager
arrears creases in arears and
Suppor residents to claim al the bnefts they are entite manage in real tme.
too to maximise their income. Ensure consistent and
robust response to fail-
Fornightly surgeries to alow residents to 'drop in' and ure to pay
discuss fnancial maters.
KPls monitored.
Always take 1 wee's charges at signing up.
Establish new processes and working methodologies to
encourage continuit of Housing Bneft where a resi-
dent moves to Universal Credit

12

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 Increase in Alm5- house Vdds GOLYJ Irai50n wth cour￿18 to en8we the aktshouses continue to t￿￿ local need5. lfflprove ￿ebStte and H(xJsing related re- sources on the Int6rrl Housing Manager arNI Clmef Executive M8inlain laaIrt￿S got￿ order lo en$￿￿ Itw are allrac- Ve lo pro$ped￿e ￿SIdents. VKtual tours on wtbsile. Pr(￿T￿le social ac11vil￿ aThY 8UPP)rt servkes. Void contrd polity to $peed up Ftrwing wocess. H05t Open Days (where posSIb￿l. Increased Martelin9 thrwgh Loc41 Papers, GP Surger- ies, HosptsLs and Partner Organ1$a￿On&. Promole'difficutt lo fill. vcids I￿o(￿h loral 8uthoritiÈs. Adverti4e sskdfic vatrani fiats through partnw reMvrtS. Evaluate and vthere necessary Refresh It appÈar8n of If almhouses. Loss of commèr- al ienl through property voids Expert manage￿Ent of stock. Regylar Monito￿ng and re. poriiTrJ. None- Risk Un- chang&J since la81 year Propety Committee UsitvJ invest[n￿t of rttwpts frlwn sales to diversty port- Apptynt ￿￿1 agents on propert￿3 that do not let Ir￿8$￿1 monrtoriry of w5ts and income al individual property levds to ensure underFerfomirg slL) Is Identi- fie5 and removed. Incutriw sthslan- 1581 non-bud9eiert expenditure Completire re9￿ar stoc co￿￿On surveys10 asse5S and plan repairs and improveryEn151o the charity's es- tste. Monitor cost of Iw du- ratlon capital Projec15 losely lo ensure c etron vdtNn orfglnal esiimaies. Housing Manager aNI Chief ExewtNe Complete arKI woth lo a cowprehensive business pk8nto predict Income and expenditure requirements yeats in advanc8. Revw CMFIERF commiimpni$ during the budget Pr(￿SS to ensure e81imales are accurate and irwT rgte Iikdy c051 uOMts. Earrnart fiJThY8 fLY ERFICMF as a restricted reswve10 cash bad< lorg temi ca￿1a1 woièo$. Monftor COVID-19 speclfic expeNJiture and repDrt to the Trustses at each board meeting. Failure to cwty %Mlh gUKlan¢ on rese￿e5 Roknt budgeliNJ and tashflowrnonitoring. Invesl ex￿8$ surp1￿$ In easy 8t￿$ invest- rnent products to avovJ retsinirvj too much C88h arKI Ihe rnpital osion this could caLL8e FinanGe manager and Ch￿f ExecutNe 13

HARBORNE PAI￿SH LANDS CHARITY TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 Fallure lo update oper81irvJ systems, key systems anLI hardware IBIOSIFim)wwel ReGonfigured 5etver pdi¢ie5 a[￿ pemiissions Structures. Purchase and irts1811 ew seFvets W￿¢h tWI and more modern oper. aling syslems Ihst ￿11 Stay in supwrt longer. crier ExecutNe A55ess potential for user based thaulhortsed access in all new BYOD or mobile hardware addiliths. Lack of allendan at meeliNJs Allendanr mNloriNJ re￿rtI￿. N￿- Risk un- hanged since la51 year l Twslees Cafeful planning of meetlrvJ candarto avohy <x)nTrit$. Serious Damage lo Property I￿ured risk, limrts re¥￿￿d. NorE- Risk un- changed sin￿ la51 year Chief Execulive and Fi- nance Manager Regular property inspe￿10￿5. Re¥￿WinSUrar￿e orratyemÈni after 2019120 renewal point. Disrtsptbn caused by United King- dTrM's exil from t European Union Develop Brexrt aL#ion for'No Deal, scenwo None- Risk un- changed $ini last Eek Chief Executiv& arKS SMT lthite to resKJents before exil day delalliry the key con- sequences of thxit on knem and action Ilw 5houkl tske lo ￿nIM18e the impact. Assun longer lead all irnportett cc¥np(xEnl5. Manage Resident expectation regarditvj repair limes re- ducing essenllal repairs lo infr8slruclure cOmp￿nIS like lifts and ward8n call $ysiems trom 6 hour5 10 4 ￿eks. Devaop a compref*nsive wnler ￿an lo in￿ude fvel ar supply Shortages. Thp going Global COVID-19 Pandemlc neg8- impacting. sl¥ff ￿ElIbeIng, res- ellbeing, rental intome, 8lm8hou5e5 omt. inVestr￿1 inc(Nne 3nd overall ¥kqts"lty ￿muNar O￿ly. Devdop a comwehensive. scalable pa￿1¢ risk as- sessmenl and action ￿an. pandemlc actK)n plan to rnatch the Gir- mstsKe5 going f￿- ward Housing Manager ai Chief Executive Maintaln PPE slctks In 2021122 the charity has increased the number of Tisks that rate 6 or more on the charity's risk register. We feel this refflecls wider global volalilty and 1$ not limrted lo the actions of the charty alone. Relorm5 to the welfare system continue lo represent a significant risk,. a risk that becomes increasingty drficult to mana9e as government strategies regarding both housing and welfare Can best be described as fluid. Over the last 6 years the charity has contended with 7 different housing ministers, 6 secretaries of slate for Housing Communities and Local Government and 3 ministers for Charities la post now abolished and merged into the Department for Digrtal, Culture, Media and Sport of which we have had 3 minsters since 20211. This constantly hanging land￿ape has resulted in lrtlle in the way of long-temi planning. This fluidty has been further exacer- baled by the priority given to the COVID-19 pandemic, the cladding crisis and more recently an unprecedented level of political lumoil wh￿h has relegated issues to the back burner that were, in the distsnl past of 2019 or 2020, very important. 14

HARBORNE PARISH LANDS CHARITY TRUSTEES. REPORT Icontinugdl FOR THE YEAR ENDED 30 JUNE 2022 In addiiion, at a local level the situation is just as opaque with local authorities piloting projects that define and expand the scope of supported exempl accommodation alongside projects designed to reduce the cost of hous- ing benefit and remove that supported exempt status. Such projects have been short lemi and no sooner have the rules be defined than the funding has been cul and everything changes yet again. Future planning has become almost impossible in this context and assessing the impact of changes when those changes are poody detailed, some way from fruition and subject lo change becomes both time consuming and ineffectual. The lack of Certainly has only been exacerbated by the 2022 mini budget and rt now seems likely that all none-prolected government departments will experience significant real tems spending cuts at a level that parallel the austerty measures of 2010 onwards. In this environment the ch8rty ean only continue lo assess the impact of projected worst-case scenarios", even rf the capping of Housing Benefrt to local Housing Allowance rates has been scrapped, we musl assume a scheme with a similar potential saving to the state is being assessed forlhe future. The chartty thinks il prudent to continue lo forecast a £200.000 reduction in housing benefrt income in the 5-year projections and to maintain a reserve of £200,000 lo manage any transition. The UK'S cost of living crisis is poised lo affect many drfferenl aspects of the charity's operations. Increases the pressure on both the ¢harilie5 to staff and suppliers. The charity's staff team Could find that they become 'priced out, of working for the charrty as prices outpace salary increases while al the same time the charty supplier and ontraclors ¢ould inerease prices to the point that maintenance and improvement lakes up a larger proportion of the charity's resources. We also anticipate that as household incomes become more stretched, we will experi- ence an increase in WMC arrears and potentially in almshouses voids as well. The disruption and cost resulting from the United Kingdom's exil from the European Union remains a signrficanl risk that has had a substantial impad on the charty. Staff shortages and supply challenges have become a key feature of the wodd we are operating in. While the rnosl high-profile sector experiencing staff shortages is logis- tics (and this has had a signfficanl impact on the supply and cost of parts for systems sueh as the warden call Of lfftsl the greatest impact of these staff shortages for the charity is likely lo be in heatth and social care sectors where there are between 180,000 and 250,000 unfilled vacancies. This has stsrted lo affect the ability of care companies to deliver care p8ek8ges and has, perhaps inevitably, lead lo an expectation on the part of the charity residents that we will be able lo step in and bridge the gap. The staff al the charity are neither adequately trained nor resourced lo provide care and all staff need to provide a cwrdinaled response while still working lo find attemalwe providers or delivery mechanisms for that care.11 is also likely that as care packages become harder to deliver that more residents will be discharged from hospi181 with unsurtable or inappropriate arrangements for home support., staff at the charty will need to tread a lighlrope befvleen balancing the needs and time available for an individual resident, the requirements of the resident population as a whole arid the risks of resident injury or death. As the charity enters the winter of 2022 8 new range of risks have emerged. The war in Ukraine coupled with decades of poor energy planning has built an environment where energy securty is in its least reliable state for over 20 years. Coupled with post pandemic inflation and unprecedented heakh and social care resource issues winter 2022 stands as one of the most dangerous for our beneficiaries on recoTd. Thi$ has required the charity to develop a 2022 winter plan that manages the following risks.. Shortage of nalufal gas.. Planned Blackouts., Unplanned brownouts and blackouts., Food price inflation", Long wart5 for emergency medical services., Delays in accessing health care serviees., Resurgence of COVID-19,' and Greater than usual levels of snow or ice. As part of this plan the charity has evaluated the impact of each of these areas and tsken mf(igating actions to ensure should an event occur, we are in the best possible place lo deal with it. 15

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 Code of governance Thè charity uses the National Housing Federation's Code of Governance. The cha¥ity also measures itself every o years against the Charity Commission Good Governan￿ Code. The charrty is registered wth the Fundraising Regulator however, the charity did not undertake any fundraising activities in 2021122 either directly orlhrou9h a 3rd party organisalion. The charity did not employ any professional fundraisers and the charty has Trot recelved any complaints al)out ils fundraising activities. In this context lè)e ¢harily has not needed lo take any action to protect vulnerable people however should fundraising become a priority in the future the charity will ensure il has robust methods for Pfotecting vulnerable people within the context of fundraising. Intemal control The Trustees have overall responsibilty for the charity's systems of inlemal control and the Finance and Audit Committee review the effectiveness oflhese systems annualty through the charty's finance and audit committee. The charity's intemal control systems are detailed in the charity's financial iules and ¥egulalions and consist of.. A clearly defined structure which delegates aulhorrty, responsibility and accountabilty for financial ac- livty including responsibility for internal control. A clear and effective process for budgeting and reporting, budgets and perfomance against them, are monitored through both the finance and audit committee and the full board of Trustee's meetings. Investment evalu*ion process with clear perfomiance benchmarks and indicators. Regular risk review pr(￿esSeS that detail the area of risk and the steps the charity and ts Trustees have taken lo mrtigate those risks. The charity's appointed internal auditor Haines Walls audits aspects of the charity's internal conlfols annually. However, the inability of the audrtors lo attend HPLC sites and staff shortages prevented the auditors from al- lending the charrty's premises as they nomally would. The charity has worked with Haines Watts lo refine audrt briets for remote Inspection and anticipates examining key financial controls, IT systems and Information Gov- emance before the end of 2022. Public Benefit The Trustees of the Harborne Parish Lands Chartty ensures that all decision5 are made in accordance wrth the charity's purpose, are for publie benefit Iwilh the exception of individual grant approvals), lake into consideration the Charity Commission's guidance on public benefrt and are in accordance with the Charity Commission's gen- efal framework for Truslee decision making. The charity makes decisions in ways that manage risks or hami lo the charity and its beneficiaries consistent with the pijrpose of the charity and makes decisions to ensure that, outside of the indivkaual grant programme, no personal benefit is more than incidental. The obvKJu$ exception is the charty'$ individual grant prograrnme of £41,863 which provided relief lo Peop￿ in poverty and cnsi5 in the ancient parish of Harborne. Decisions made by the Tfustees regarding the individual grant programme are still consistent with the charrty's purpose byl only satisfy the 'beneff(' aspect of the public benefit requirement as detailed in Charity Commission guidanee. 16

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontinuodl FOR THE YEAR ENDED 30 JUNE 2022 A¢hlevements and Performance Almshouses Perfom)ance 2022 has presented many challenges for the almshouses team. While on the face of things the COVID-19 pan- dern￿ has ended COVID-19 still influences the way much of the charty's almshouses service are delivered. Many infection control measures are still in place to protect the charty's most vulnerable residents and although from a ￿Sident perspective most activities have returned to normal for the team task still take twice as long and require twice as much prep8ralion. Our almshouses have also been disproportionalety Impacted by the cost of living crisis which has already increased material costs for repair and maintenance as well as increasing the likelihood of resident arrears. Desprte these challenges the team have had another very successful year. In 2021122 the charity has provided high qu81ty housing for 113 beneficiaries. 16 flats become void, and the charty housed 17 new residents. 24 people were approved to join the waf(ing list in the year. Demand for the charty's housing remains high and the current waiting list consists of 21 applicants. The average length of lime from approval to offer is 22 weeks The almshouse team's financial perfomiance and treasury management contin4Jes to be class leading. For the sixth year in a row new arrears have been O.OO/o and current tenant arrears have reduced lo O.OOh of annual charges., both well within the Trustees target of 2.5Vh. Void Losses and bad d$bls have increased marginalty to 0.4￿ from 0.34% in 2020r21. This 1$, for the most part because the number of voids flats the chanty has had increase by 60% 10 16 from the usual average of 10. Void losses have only increased by 44.￿ and are still well within the Trustees largel of 40A. The charty spent £121,057 improving the almshouses in 2021r22 Major works of note include.. Communal Internal decoration al Firs Close, Harborne House, Dore House and Larksfield.. Tree works al Firs Close, Converting 2 balhroorns into level access shower rooms al firs close., Fitting upgraded restrictors lo the windows al Firs Close and Harbome House,. Replace all flat fire doors at Hafborne House., Replacing ceiling tiles al Harborne House., Upgrading the CCTV al Harborne House and Dore House to uttra-High Definf(ion and increasing the area of coverage.. Repointing the disabled fire exit., External decorating at Dore House," Fitting new hall and stsircase carpet al Dore House- Repairs to the chimneys at Dore House", External decorating at Harbome Cottages.. Relaying Paving at Harbome Cottages,. Refurbishing shower cubicles al Larksfield,. and Arboricullural survey at all schemes. Charltable Activity Pgrf0rn)ance In 2021122 the charity committed £205,578 10 2,788 bene￿IsrieS. £163,715 of the grants made were to organi- sal¢ons splf( across four grant priorities,. £93,802 was spent on 10 grants supporting services for older people., £17,533 was spent of 3 grants supporting debt and money management serviees., £11,734 was spent on a Single grant supporting food and household good5 dislributFon services", and £40,646 was spent on 6 grants supporting provision for 16-24 year old NEET (Not in EducatDn, Em- ploymenl or Training) provision or provision for those al risk of becoming NEET. 17

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT {contlnuedl FOR THE YEAR ENDED 30 JUNE 2022 £41.864 was spent on the chaiity's individual grant programme.. £23.249 supported 110 beneficiaries of 41 grants in Birmingham". and £18,615 Supported 101 beneficiaries of 36 grants in Smelhwick. Totsl grant funding has increased over the 2020121 fi'gure of £119,900. This increase reflect5 an increase in the Trustee's confidence regarding income and a return lo a more nomal model of grants distribution forthe charity's Grants Officer. In the 2021122 financial year the grants officer has returned lo in-person visits. This has greatly improved the effectNeness of the grant assessment systems. The charity's four largest grants were.. Cape Community Care Day Centre ICCCDCI The centre provides day-to4ay canng-based services (freshly prepared meals through their luncheon elub, crafts and gentle exercise) for the elderty and vulnerable. They also provide meals on wheels for those who are housebound. The centre is open 3 days a week and il ensures that peopk feel ￿$S isolated and can discuss any problemslissues they may have. Their service users feel more independent and more confident and can socialise. They report that dementia-focused problems affect c.70% of their clients. CCCDC asked for a grant to fund a full lime Centre Co-ordinator rok responsible for all of the training, HR and most of the administration of the day care services. She also networks and develops the centre lo meet the needs of the users. They provide a weekly structure of activities lo include crafts, gentle exercise. ¢ooked meals for three dayslweek, befriending support and shoppinglprescriptKJn collection. Also, they deliver quarterly soci81 outings, lo slimulale mental wellbeing {add￿SsIng demenlial. and help tackle social isolation. In addition, they facilitate oulpalienls, support, on leaving hospital to a strong support ne￿ork, and signposting service users to hea￿h services lo avoid long term issues. Lastly, a monthly on-slte Primary care service is available wrth Corn- munity Nurses, lo check blood pressure. Diabetes. medication checks and referrals, elc. Part of the requested grant is for upskilling a Development Manager lo manage and build on existing Sessions that are CLtrrenlly on offer, and seek new emerging communty services and revenue streams forthe cenlre. The role Wil￿ include some of the adminislralKJn duties, relevant HR associated with references, and charge rates pertaining lo SerV￿e providers etc. and to ensure activty sessions are community led. Some of the funding is for an increased slrongerlprofessional role of security and general maintenance. and also lo ftjnd a ¢enlre eleanef as the Centre Co-ordinator needs a lol of ancillary support. The Security aspect lo the funding was part ot their grant application in the last three years. Soho and Victoria Friends and Nelghbours CIC ISVF&NI SVF&N support utilises a community development approach, wi(h a good knowledge and understanding of the needs of their local community, enabling residents lo get engaged In developing their own grass root5 ne￿orkS and mutual support. building on a Iradf(ion in Sandwell of close-knit Communit￿S. The CIC was set up in 2011 lo support the older residents within Sandwelvsmethwick who may be facing isolation and lacking the community inclusion. SVF&N a￿ drawing up plans lo expand their services lo support NEETslrisk-of-NEETs within the communty, which may be of consideration with regards to future funding applications made lo HPLC. The focus of SVF&N over the past four years has been lo work with the over 555. They want to use the rnajofity of the grant lo fund an Outreach Worker for another year who will continue lo support older service users resident in the Ancient Parish through a range of servi¢esrtraining, such as safely in the home, saving money, reducing isosation. heaf(h and well-being, empowerment. advocacy. weffare rights and referrals lo other organisa- tions. Some of the grant will also be used lo cover training costs and supporting a growing team of volunteers. 18

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontinugd) FOR THE YEAR ENDED 30 JUNE 2022 The Outreach Wotker, previousty lunded by HPLC, successfulty piloted a project lo 'help people to support themselves, through the project 'Jusl Around The Comerf. developing a mobile hub as a resource for local communty from which more isolated people can be reached and able to access services. Through this outreach they reached more isolated older people Closer to where they live. The approach used has previously been successful, thus demonstrating perfomance track record. They previously t<lenlified fv40 particular hubs where residents have particular ideas they want lo develop, such as the Reger¥t Street 'one stop shop, using the local Baptist Church premises as a base from which more isolated people can access serV￿e$, particularly allowing people in new housing in the area and new-build estates, currently cul off from facil(£ies and local ne￿￿rks, to be supported, and wish to develop these further. Brushstrokes Community Project Brushstrokes offer support lo the most vulnerable residents of Smelhwick, by providing food, oulre8eh visrts, a befriending service, and advice on areas such as employment, housing. debt, and domestic abuse. They dis- tribute food, household items, and clothes lo the vulnerable, particularly those who are de5trtute and homeless, asylum seekers and newcomers with no recourse lo public funds. There is still high demand for food and other items". they cite the slatislic that Smethwick is home to over 60V¢ of the infflux lo immigrant communf(i&s as a driving factor in the massive rise in the demand for their services. Brushstrokes also continue lo deliver their Service for the prevention of infant mortalty for Sandwell and Birmingham CCG, bul to a lesser extent as the funding is reduce(f. This is linked lo the basic baby packs they provide to new mothers to be, whih were sel up with the help of local health visf(ors, and throughout the previoL¢S year they have helped over 80 people w(th baby equipment. Brushstrokes have been awarded a grant lo continue delivery of their distribution servitss. They report that as a resur( of many benefit elaimants switching to Universal Credrt, and cutbacks to many services that were once statutory but now are gone, they have seen a massThie Iseveral-fold} rise in demand for their seNices. To this end. they have increased their own targets lo 1,235 service users lo be reached with this support. The greater part of the grant would pay for the Resource Assistant in post, whose role is lo receive the donations and dis- tribute them to those in need accordingly. In addition, this year'5 funding will go towards continued support of a Resource Co-ordinator (funded in 2018 by the BKJ Lottery), who works alongsKle the Resource Assistant. The small remainder would be used to pay the FARESHARE subscriptw)n, which ensures that they gel the regular delivery of fresh food for the food bank. They have just developed a Communty Café using donated food from supemiarkels that is a ils'use-by/sell-by' date, providing local people with a cheaplfree nutritious meal, and also helping to address social isolation, and provide access to signposting services. Quinborne Communlty Association IQCAI Due to fis location, service users, QCA'S are mainly from the Harbome and Quinton area. The centre currently caters for over sixty groups which meet on a regular basis and runs an Adult Education Programme for 900 learners per yeaf. These groups include Gardening, Recorded Music, Dog Training, Chess, Rhythm Time, Craft Club, Choir, we even run and our own Luncheon Club, bowls, table tennis and Youth Clubs. QCC also have a crèche onsite, Happy Corner Nursery, allowing students lo be able lo leam whilst their children are salely cared for. The nursery is also used by parents from the surrounding community. Their aim is to provide a diverse range of actNi(ies, a welcoming meeting place for the local community. aduk education courses and provide an outreach seNice lo those in need. They were funded lo continue lo support their FriendshiplLuncheon Club, geared lo tackling loneliness and isolation in the older population of the area, particularty as the pandemic crisis passes. This will continue to be a gateway service for directing those older eenlre users who need support with dementia and associated prob- lems towards QCA'S in-house support ￿e￿ork who can then help Servi￿ users towards outside slalutory and VSO support. The service is enhanced lo include several diverse elements, including.. a meals-on-wheels out- reach {attached lo the Luncheon Clubl addressing the needs of older services users considerably more isolated than those who can use the ￿ntre. lattendance is now c.301week, up from 16-181weekl, both in terms of provid- ing a meal. but the outreach worker provides other avenues of support and relevant signposting. 19

HAR80RNE PARISH LANDS CHARITY TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 Also, a lighvgenlle exercise programme, that is delivered to participant grovps al the centre, or remotely to those wishing lo ￿ntinUe lo self-isolale. In addition. an ITlinlernel lileracylawareness group, supporting their regular older setvice users to learn lo use the inlernel lo their best advantage, thus further addressing social isolation, and how to do this safely, minimising exposure lo cyber-fraud. exploitation, elc., and also a communty craft activilies clubs was sel up, again address- ing social Isolation, bul also helping allevK4le the effects on dementia, and providing respite for dementia suffer- eis, ¢8￿r8. The four largest grants accounted for £62,362131 of the charf(y's grant spend and 1,331148Yo) of the bene- ficiaries reached. Financial Roview Financial Posltlon The Charty's Income Income received 2021- 2022 The Charity's Expenditurg How the income was s ent in 2021-20 Financial Investment Income Income from Investment Proper- lies Housing Aclivrties Other £138,260 £529,058 Grants Housing Acl¢vilies £253,590 £962,414 £901,029 Govemance Investment propety manag ment Financial investment manage- ment £57,463 £204,855 £32,333 £1,568,349 £1 510.655 Balance Sheet The value of assets (less liabilitiesl of the charrty is shown below Housing Properties Larld, fixtures & fittings Investments (stocks and shares) Investment properties 3,724,975 618.756 5,270,735 10,213,584 Sublolal 19,828,050 Current assets less liabilities Credi(ors Idue over more than one yearl 2,044.467 165,554} Not Assets 21 806 963 20

HARBORNE PARISH LANDS CHARITY TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022 Commentary on the Accounts 2022 has presented an extremely challenging operating environment with increased eosls in almost every facet of the chanty's operation yet, desprte these challenges the charity has had a satisfactory financial year. Total income has increased by 7.90A to £1,568,349, which is broadty consistent wrth infflation al the end of the financial year (CPI in June 2022 was 9.40/0) however expend(ture has increased more subslanlialty to £1,510.655', an increase of 18°h over the 2020121 figure of £1,278,718. In part this is because the charty has increased the amount of grant making1£253,590,' an increase of 56'1D over last yearl (( is comfortable committing to in light of a more certain outlook for investment income however, investment property rnanagemenl and hous- ing costs have both increase substsntially loo. The increase in these areas is refleetive of the increased cost of buikling and cOnstruct￿n material and labour which has been disproportional￿ impacted by the cost of living risi$. Staff and central costs have also risen bul only in line with inflation and have in real lemis remained broadly slalic. PPE and special infection control related equipment costs have been lower in 2021122 al £8,3871£38,812 since the start of the pandemic.) The charty's financ￿1 and propety investments have continued Io generate greater than anticipated levels of income despite the economic tumioil. Financial investments generated £105,610 of income which was £7,810 17.9VAI over the charity's budget figure. NET Investment propety exceeded budget by £201.211117601.I h¢)wever il should be noted that most of this overperformance was achieved because of delays in large property refurbishments that pushed cost into 2022123 and improved the nel perfornance. Unfortunately, the volatile economic conditions have signrficantly affected the overall value and perfomance of the Charity's financial investments with have reduced in value to £5,270.735 la reduction of £467,283 or 8.14Qkn}- Reserves 11 is the charty's policy lo hold 6 months, operating expendi(ure {£755,3281 and 12 months. maintenance ex- pendilure1£221,8061 in reseThe in the form of cash. As of 30 June 2022 the charty was holding £2,190,9SO in Cash and a lolal of £7,461,695 in erther cash or easily liquidated investments. The ¢harty holds £221,806 of this cash and £221.806 of these easily liquidated investments as a designated planned maintenance fLtnd. whi￿ the charty's reserves policy and planned maintenance funds onty calls for £977.134 of cash and 8 further £221,8C6 of easily liquidated investments the Trustees think il prudent lo hold more in anticipation of not only any potential costs 8s50cialed with the major risks Klentified earlier in this report (principally welfare refomi and likely lo cost £200,000} bul also the high costs of refurbishing some of the charity's older investrnent properties lanlicipaled to exceed £200,000 next yearl and up lo two more residential property purchases. Nevertheless. the Trustees think that as interest rale increase it is also wise to gain some return on the pending funds and therefore plan to move £SOO.000 into easy access investment accounts during the 2022123 financial year. In light of these factors the charty's cash reserve does not seem excessive. 21

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 30 JUNE 2022 Investments 2021122 has been a drffIcU￿ year for the charity's financial inveslmenls. Investment income has held up well at £138,260 and has over performed against budget however the portlolio the overall value of the portfolio has reduced by 8.9% 10 £5,270,735. As of the 30 June 2022 the portfolio was invested in.. UK Equity Overseas Equty Bonds Allernalive Assets Cash UK Propety 28.1% 39.2% 12.10A 10.8D 0.90 8.9¥0 The portfolio has perfomied Poorly againstthe benchmark in the last year reducing by 5.10A against a benchmark reductKJn in performance of 4.4°h. this is, in part a reflection ot the charty's limited exposure to bonds which perfom)ed beller during short temi market fluctuations. While perfomance over the short term is poor the char- ity's portfolio has still significantly exceeded the benchmark over 3 year$111.8°/ts against a benehmark figure of 8.80hl, 5 years127.8% against a benchmark figure of 22.1%) and since inceptions1207.3% against a benchmark f￿Ure of 186.20/01 The Trustees have appointed Evelyn Partners to manage the charity's investment portfolio and have set the fim the following objectives.. The creation of a SUff￿lent financial return lo enable the Chafily lo carry out its Pufposes elfeclivew and without interruption. The maintenance and enhancement of the investment funds over the long term. To obtain a reasonable balance between capital growth and income so that the Charity can meet future as well as current needs. To maintain a medium risk profile. The Trustees. policy is lo invest in an appropriate mix of real assets i.e. equities, fixed interest se¢urilies. aller- nalwe assets and monetary assets. Tnislees reco9nise that the relLJrns on equities, while expected lo be greater over the longer term than those of fixed interest and rnonelary assets, are likely lo be more volatile. Investment in a mix of asset classes should nevertheless provide the levels of return required for the Trust lo achieve i(s objectives, whilst mitigating volatility. The charity's property investments were managed by Bwton Knowles until May 2022. In May 2022 the Charity appointed new property managers Robert Powell Chartered Surveyors now manage the eharty's resKlenlial properties while Cottons manage the charity's commercial assets. The charrty's property investments generated £529.058 of income in 2021122. The charty budgeted higher than 8nlicipaled void rates in the light of the commercial operating environment after the pandemic, but the charity's commercial tenants have all perfomed strongly and thè anticipated voids did not occur. The charty's investment management costs have been increased to £204.855 in 2021122. This is because of three key factors". Property repairs costs have increased significantly due to p¢)st pandemic material shortages and the following inflationary pressures. The number of propety repairs increased significantly in the last month of the financial year when the portfolio transferred to new agen15 and mainlenance'issues, emerged. The charrty is currently renovating large properties that wore handed by older tenants in poor condf(ion. 22

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2022 Value for Money Value for Money (VFMI is a￿ayS at the forefront when managing the delwery of our charitabk mission and objectives. For HPLC VFM is maximising our value to.. enable our residents lo Iwe independently in an environment that improves their health and wellbeing, thus lessening the burden on the NHS by reducing the need for GP and hospital visits and admissions lo care homes. support our individual grant recipients through provision of necessities such as whrte goods and baby items. assist local organisalions in their allempls to improve the hearth. weware and employment opportunities of the inhabilanls of the ancient parish and help them reach their full polenlial. 8.1 Arrangements to Ensure VFM VFM dTives our strategic objectives of risk, 8ssels, people and procurement. As such il runs through all aspect of our strategi¢ plans. Progress is figorously moni(ored at commrttee meetings and by the full board on a quar- terly basis. The Finance & Audi( Committee scrulinise all aspects of financial perf0rnan￿ and ensures we have sound financial rules and regulations. Our returns on investment are benchmarked so that we can be certain that our stocks and Shares are appropriate and perfomiing well. Expendf(ure against budget for all aspects ofthe charty is checked monthly by the Senior Management Team. s Commitiee monitors the perf0mlan￿ of our non-social housing and investment properties to ensure a heatthy balanee of income and long term growih. The Almshouse Commtttee monitors void loss. arrears and repairs and Maintenan￿ in relation lo our five alms- houses. We undertook our lalesl five-year stock condition survey in 2019 and this has f0m￿d the basis of oui planned maintenance programme overthe next few years. We continue lo take a balanced view of maintenance, realising the importance of keeping our properties at a high standard, so that they remain desirable and ensure low VO￿ rates, without Carying out work before f( is necessary. The almshouse committee also reviews large tendering 8Ctivi(ies to ensure that contract are competilNely len- dered and that the charity is getting the best qualty for the money it Is spending. The charrty is a member of the SPBM Benchmarking Group which assesses our performance against that of similar organisations and enables us to share good practice. We also have a robust Code of Conduct ar¢d Com- plainls polty and procedure that was revivwed in 2019 by the resident scnrtiny panel. Th s Committee oversees our programme of organisational and individual grants lo ensure we are adhering to the charity's grants strategy, which outlines our key priorities for the year. These priorf(ies are regularly reviewed and altered over time according to identified patterns of need established from local re- sources such as Sandwell's Neighbourhood Employment and Skills Plan. Any applications made to the charty are assessed against these priorf(ies and On￿ applications that demonslrale an ability lo evidence these needs are funded. The committee receNed reports on the achievements each award made and compare the costs of each intervention against the number of beneficiarEs it supported and the impad it achieved. 23

HARBORNE PARISH LANDS CHARrrY TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 Benchmarking Ranking The charity has compared f(5 perfomanee against local hovsing charities that form the SPBM Benchmarking group. The charity has a combination of mandatory metrics from the Regulator for Social Housing IRSHI and others metrics shared across this group lo assess ils relative performance. The resuf(s of this comparison arè detailed in the table below showing how this years perfomiance compares to last and giving a short narrative explanation of what the metrie means and why the charities perforrnance is what r( is. Finally, the charty has included ils rank out of the 14 SPBM members.. M•trl IA8 doflnod by tho R•gulator lor Soclal Houslngl 2019120 202W21 2021122 111 NarratSve Explan•tlon SPBAI Rank lout of 141 SlrKk managed The lolal 50rgal houro St￿k managed by d)artty has remai￿ unchanged since 2017118 NIA The pertsnlage ofirK0￿￿ losl to VOKIS lenwty Unit51 ha5 irveased. This year the charty had 17 voK18.1n an aver8geyear Ihat fig￿e would be 10. V￿d losse51%1 0.38 0.49 3rd Ave. rtrlel tine or1 re-lets Idaysl A%r4e re4et lime have reduted n(A¥that covi 19 restrktlorts have been kfted arÈ Mell ￿￿thirt the Trusl8Wd tsrget of 21 days. 17 22 18 4th Rent (WMCI collecled a5 a percentsge of charges has decreased 51ightty. ￿lIe the total slighlly le55 than 100% of the Charges due thi5 fig- ure does not indude HousirvJ Benefit payment5 that are IftrEse payments are included the ¢d- lect￿ figure ￿Uld just exceed 1LNJ%. Rent cdlected (% of charyes duel 100.29 99.37 95.8% 3r(t Cwrent tenant arrears have re(kKxJ as those few loroer-tenn (Jebts are pald off and no rw a￿earS are created. V¥ exped Ihk% 5Wion 10 ch8rvJe as cost of INiTrJ ￿￿15 bite5 CuTent frnant . 0.37 {%) The charty'5 overall operating maryJln has de- creased The charities cperaling margin has been Severe￿ irnpacted by the c.8% reducuon in Ihe value of Ihe inveslnErt portfolio in a yeai Ihat wa already budgeted lo be a Lleficrf year because of large Inve5trnerils in tt* tharitie5 non-s￿81 hous- g stock. Thi5 will IrTwrove signffjcaniiy In rA)mlng year. Overall operattng maryln (%) IRSH 1011 63.13 -24.05 24

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT {contlnuedl FOR THE YEAR ENDED 30 JUNE 2022 IAS dèflned by the Regulator for So¢L81 Houslngl 111 SPBM Rank lout of 141 201912 2020121 2021122 NarrnUv6 Explafiatlon Sou ho￿1￿ kt. rgs cyeraiing nwr- 111 The ¢lwtiV5 swal housiNJ tyra1￿9 marghts h•$ (cregsed skJnMcartly. oflhe in. creased the almsho￿e5 and t tost of Slaff thalare iiotdwrged lo ￿dents sthe SUPFXt offiw 8CtNtycoordlnal¢r. ffj.81 IRSH 1021 E81TDA MRI las a per￿ntage of inter- 8sll 111 11 The chanty's EBITDA MRI Taling has deueased because of iriyear proflablllty ho%%￿r liouidity should ni)t an issue forthÈ tharity hohJing re- 5etves in £￿)0,000 in excess oiifÈ annual lum ver. 1.53 146.83% 4t.8f NIA IRSH 1031 Gearry IRSH The I￿￿geared. The ¢harfty Is paylro off its one small loan $ltrAty and the ￿jt81andity bal- arte decreases fmm year lo yeat. Tr chanty h8$ ow irto pwng the loan off eafy rgjemptitx) J5ts maktsthi% {m&￿Ornical. -39.16% 47% -$7.04% WA IRSH 203) New supply of swal ho￿￿ng units deliv- ere(J as a per(niage of t￿81 $ocral housing unrts hdd The thatty has not develokd any rEw soclal housing units this year The chadty vth1￿ like lo develop new soual hou￿￿￿ utiit5 bul fequire8 greater darity regaFdlNJ future weffare ref0M￿ be- fore it can commit The r&nking is eslablislELI on the basi5 of h)w recently unrf5 were athjed. 3rd IRSH 2041 New Supwy deliv- ered Inon-swal housng L¢)its New metrk. The charity has not dellv&red any T non-s(￿181 ￿USIng units in 2021122. Tr ranklw i% based on how recenlty rw non.social LN)its were added lo ow ptrtfolio. Our ran￿r￿j show5 the char- lty added uni15 rnosl recenty out of our Feers. NIA NIA 1st Rdntsesknni % IRStI 3041 Rein¥mtnnt irw88d sirrtty I￿￿erfor mLth oftheyeaycovid reslrfthwts reTnwned in tyace 8rn1 limrted ghe tharity's polenlal lo wxlertake large 4.69 25

HARBORNE PARISH LANDS CHARITY TRUSTEES. REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 IA8 deffned by the Rtrgulator for Soclal Housifigl 111 2019120 2020121 2021122 Narratl¥o Explanatfjon SPBM Rank Return on Capital Employed IROCEI % 111 The retum on caplal enB)loyed Y6 IfK1dil￿Y Ilnked lo Ihe perfonnance of the charty's inve51tnent5. The tharity'5 invest[ne￿ Portfolio reduced in Value by c. £S00,CrfJO this year vthich inevitaNy lOv￿red the re- lum on capital employed. 0.19% 4.12% 1.72%% IRSH 4011 11 The total ￿ad11r Cost per hC￿Tr) uThl has Inreased ￿lgIrt￿. This ￿ refiettNe oflhe inueased amount of captsl speThJ and refuTbi5hrrnls Ihe charity has undertaken. Oe8pMe this If charity is nrw first peer gtoup. Thts i% impressive ¢OnSKJering Ihal the chanty's cos15 8re often higher n cornpar￿ tg 01￿[ prowdets because ofthe Idilional wst ￿ cary lo suptxyt and wowde ac- tivplaes to wr residents. These costs are not passed on lo residents arnl are HB elYJiNè me8nlNJ Ihatthe charity's WMC remain5 comWiti¥e ith sl of our setlor wlth an a¥erage lolal weekty charge of£172 ￿. We mvJht almost describe (xJr- selves 85 prwj to be exp￿r￿￿e tre as ub- lisiry charws fLmd8 to provwJe aThY an eTr hanced service that goe5 atw aThl beyoThJ that of 8 StaTrJ8rd 8h8ttered acc0Th￿a￿th ￿ty￿￿er. Headli￿ sodal ￿￿1￿. cost 1111 £10,146 £10.057 11 181 IRSH 5011 Plans for the future The outlook for 2022r23 is increasingly just as gloomy as the outlook lor 2020 and 2021 had been. While the pandemic and global supply shortage may be drawing to a close the charfty will be signrficantly impacted by the cost of living crisis The cost of living crisis will likely impact every area of the charity's operation from grant giving lo almshouse WMC collection, from grant costs lo ERF and CMF spend. In light of the crisis the charty has the following plans. Charltable actSvlty The charity hopes lo increase the amount committed lo mainstream grant making lo pre-pandemic levels of £270,000 per year by the 2022123 financial year. The charity intends to achieve pre-pandemic individual grant spending levels in 2022123. The chaiity will establish a one-off cost of living grant fund for almshouses residents of £50 each resident for 5 months. 26

HAR80RNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 30 JUNE 2022 Almshouses The almshouse improvement programme for 2022123 is expected to lolal £256,450 and includes.. me House Installing new gates to the external fences., Installing new flooring in Laundry and Meter rooms., Renovating the parker bathroom into a murtrfunclion space.. Resurfacing the car parks,. and Cleaning and refurbishing the drains a necessary. Harborne otta es Repairing windows and doors as required,. Repointing and re-hipping roof tiles., Installing a self<losing front gale", and Repairing or replacing all tam)ac paths. Do House Replacing tsvo sheds., Surveying the drains., and Checking and fixing all extern81 stonework. Upgrading the satellite television system lo accept Sky Q installations. and Surveying the drains. Close Re-pointing, fe-hipping and general repair5 to the roof., Replacing the cladding to the platform lrft shaft,. and Replace carpark surfaces and all block paved pathways. The charity will recrutt a new activity coordinator in the first haw of 2023. We anlicipale 8 full programme of resident a¢livilies wll Commen￿ in the first half of 2023. The charity will renew ils electricity and gas contracts in 2023. The charty will endeavour lo use its usage to gel the best possible rate for the charty's residents. Finance and Investment Management The charty's two major con￿M$ regarding investment management in 2022123 are inflation and interest rates. To this end the charity's investment managers are reviewing all equities owned by the charty lo ensure that all those in the portfolio offer some degree of inflation fesilience. This is not lo assume that the investment managers will be able lo grow income lo offset inflation. this certainly will not happen, rather the charity portfolio will be reviewed to ensure il is not negallvely impacted by ils equity bias and is as protected as il can be against current economic conditions. A further protection against the pressures of inftation and interest rnay be to further reduce the amount of the portfolio invested in the UK. The charty may well reduce ils UK holdings in 2022123. The charty will also be monitoring the bonds and gill markets. Historically equilie$ have significantty OLrt-per- formed bon(Js however should 30-year government bond rate exceed 50A the ¢harty may choose to increase the weighting of ljonds and gitts in the portfolK). 27

HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT Icontinuedl FOR THE YEAR ENDED 30 JUNE 2022 The charty will monitor the property market and should favourable buying conditions present themselves the charity may purchase another tsvo residential properties. Planed refurbishments include completing the Tenova- lion of two properties in the centre of Harborne. Governance The charity hopes lo finish the process of incorporation by unrting both Harborne and Smethwick Chari(able Trust and Harbome Parish Lands Charity with a deed of unrted direction from the Charity Commission making future accounts and submissions easier. Inforniation Communlcatlons Technology {ICTI The charity will install two new servers In 2023. This programme originally planned for complelion in 2022 was delayed lo allow the upgrade of the charity network and telephone infrastructure however we anlicipale the project will be completed by the end of the 2023 calendar year. The charty will review mobile phones and mobile computing Solut￿nS in 2023 wf(h a view lo e$tsblishing a standard package of hardware that allow5 for mobile and peripatetic staff depk)ymenl. Resident computer labs will be installed at Firs Close and Hafbome House lo help tackle a widening digital divide experEnced by older people. Hollingworth House New door entry and security Systems includirsg CCTV will be installed at Hollingworth House", the charity's Har- borne headquarters. Hollingworth House will also receive new healing and hol water equipment in the form of a single unvented hol water cylinder and three commercial boilers. The project is anticipated lo cost £25.000. Disclosure of Infornialion to Auditors Each of the persons who are Trustees al the lime when this Trustees, Report is approved has confimied that.. so far as that the Trustees are aware. there is no relevant audit information of which the charity's auditor is Unawa￿., and the Trustees have taken all Steps that they ought lo have taken lo make themselves aware of any relevant audr( infomiation and lo e$tablish that the auditor is aware of that infomwtion. Auditors The audf(ors, MHA Maclntyre Hudson, have indicated their willingness lo continue in office. The design*ed Trustees will propose a motion lo reappointing the audits al the meeting of the Trustees. Trustees, report, incorporating a strategic report. was approved by order of the Board of Trustees and signed on the board's behalf by". ?c,I,,I 28

THE HARBORNE PARISH LANDS CHARITY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2022 The Trustees are responsible for preparing the Tru5tees' Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practi¢el. The law applicable to charf(ies in England & Wales requires the Trustees lo prepare financial statements for each financial which give a true and fair view of the Stale of affairs of the Charty and of ils incoming resources and application of resources, including its income and expendrtufe, for that Pelitxl. In preparing these financial slatemenls, the Trustees are required lo.. se*1 suitable accounting polic￿$ and then apply them consistently, observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards IFRS 1021 have been followed. subject lo any material departures disclosed and explained in the financ￿1 slatemenls,. and prepare the financial statements on the going Con￿rn basis unless il is inappropriate to presume that the Charty will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charty and enable them lo ensure that the financial stslements comply wrth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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 irregularities. Approved by Order of the members of the Board of Truste8s and signed on ts behalf by. MrF Trust4e Dal8'. Page 29

THE HAR80RNE PARISH LANDS CHARITY INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE HARBORNE PARISH LANDS CHARITY Opinion We have audf(ed the financial $tslemenls of The Harborne Parish Lands Charty Ilhe'charit¥l for the year ended 30 June 2022 which comprise the Statement of Financial Aclivi(ies, the Balance Sheet, the Statement of Cash Fbws and the related nolgs. including a summary of significant accounting 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 Stsndaro applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted A¢¢ounling Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in a￿OrdanCe with the Financial Reportit)g Stsndards applicable in the UK and Republic of Ireland IFRS 1021 in prefe￿nce to the Accounting and Reportin9 by Chafi(ies.' Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extsnl regulations bul has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance wrth the Generolty Accepted Accounting Practice effective fof ieporting periods beginning on or after 1 January 2015. In our opinion the financial slalemenls.. give a true and faif view of the slate of the charW5 affairs as al 30 June 2022 and of its incoming resources and application of resources for the year then ended., have been properly prepared in accordance with Unrted Kingdom Genefalty Accepted Accounting Practice.. and have been prepared in accordance %Mth the requirements of the Charities Act 2011. Basis for oplnion We conducted our audit in accordance wtth Intemalional Stsndards on Aud(ting IUKI {ISAs IUKII and appI￿able law. Our respon5ibililies under those standards are further described in the Auditors, respon5ibilrties lor the audit ol the financHI statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audrt of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fU￿illed our other elhic81 responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtained is Suff￿lent and appropriate lo provide a basis for our opinion. Coneluslons relatlng to golng concem In audi(ing the financial stslemenls. we have concluded that the Trustees, use of the goin9 concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not idenlrfied any materpl uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charty's ability to eonlinue as a gosng concern for a period of at ￿ast ￿e1ve months from when the financial statements aro aulhorised for issue. Our respon5ibililies and the responsibilities of the Trustees wf(h respect lo going concern are d￿rIbed in the relevant sections of this report. Page 30

THE HARBORNE PARISH LANDS CHARITY 5NDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE HARBORNE PARISH LANDS CHARITY {CONTINUEDI other Infomiatlon The other infomiation comprises the information included in the Annual Report other than the ftnancial stslements and our Auditors. Report Ihereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other infomialion and, except to the exlenl otherw5e explicitly slated in our report. we do not express any form of assuranee conclusion Ihereon. Our respon51bilty is to read the other information and, in doing so, consider whether the other inform*ion is materially inconsislenl wi(h the financial statements or our kno￿edge obtained in the course of the audit, or othemise appears lo be materially misstsled. If we identify such material inconslstencies or apparent material misslatemenls, we are required to determine whether this gives rise to a material misststemenl in the financial statements theMSe￿s. If, based on the work we have perfomed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which we are rgqulred to Teport by 0x￿ptIOn We have nothing lo report in respect of the followng matters where the Charities (Accounts and Reports) Regulations 2008 requires Lts to report to you if, in our opinion.. the information given in the Trustees. Report is inconssstent in any material respect wth the financkgl statements., or sufficient accounting T￿OrdS have not been kept,. or the financial statements are not in agreement wfÉh the accounting records and retums.. or we have not received all the infomalion and expU4nations we require for our audit. Responsibilities of Trustees As explained more fully in the Trustees. Responsibilities Statement set out on page 28, the Twslees are responsible for the preparation of the finaneial slalements which give a true and fair view, and for such intemal control as the Trustees detemiine is necessary lo enable the preparation of financial stslemenls that are free from materkgl misslalemenl, whether due lo fraud or error. In preparing the financial stslements, the Trustees are responsible for assessing the chartys ability lo continue as a going concern, disclosing, as applicable, matter5 related lo going concern and using the going coneern basis of accounting unless the Trustees ef(her intend lo Iv4uidate the charity or lo cease operations, or have no realistic allernalive bul to do so. Audltors, responsibilities for the audit of tho financlal statements We have been appointed as audrtor under section 144 of the Charities Act 2011 and report in accordance wi(h the Act and relevant regulations made or havsng effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from m8lerFal misslalemenl, whether due lo fraud or error, and to Issue an Auditors. Report that includes our opinion. Reasonable assurance is a high ￿Ve1 of assurance. but is not a guarantee that an audit conducted in accordance wrth ISAS IUKI will always delecl a material misslatemenl when (( exists. Misslatemenls can arise from fraud or error and are wnsidered material if, Individual￿ or in the aggregate, they could reasonably be expected to influence the econom￿ decisions of users taken on the basis of these financial statements. Page 31

THE HARBORNE PARISH LANDS CHARITY INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE HARBORNE PARISH LANDS CHARITY ICONTINUED) Irregularrties, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misslalements in respect of iffegularilies, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detsiled bel(w4". Obtaining and understanding of the legal and regulatory frameworks that the Charity operates in, focusing on those laws and regulations that have a direct effect on the financial statements., Enquiring of management and Tlustees around known or suspected instances of non-¢¢ynpli4rice of laws and regulations and fraud., Di$cussing among the engagemenl team regarding how and where fraud might occur in the financial statements and any potential indications of fraud., Reviewing minutes of meetings of those charged wlh governance., Reviewing Financial Slalemenl disclosures and lesling lo supporting documentstion to assess complLance with applicable laws arsd regulations., and Performing audrt work in relation lo the risk of management override, including testing of journal entries and other adjustments for appropriateness and reviewng accounting estimates for bias. Because of the inherent limitations of an audit, there is a risk that we wll not detect all irregularf(ies. including those leading to a material misstslemenl in the financial statemen15 or non-compliance with regulation. This risk increases the more that compliance wth a law or regulation is removed from the ovenls and transactions relected in the financial stalemenls, as we will be less likely lo become aware of Instan￿ of non-compliance. The risk is also greater regarding irregularities ￿cUrring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's websrte al. ￿V.fr¢.OT .uklaudilorsres onsibililies. This de￿rIptIOn fomis part of our Audifors, Report. Use of our report This report is made solely lo the chartys Trustees, as a body, in accordance wrth Part 4 of the Chanties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's Trustees those matters we are required to slate lo them in an Audrtors. Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charty and its Trustees as a body for Ouf audit work, for this report, or for the opinions we have formed. MHA Maclntyre Hudson Stalulory Auditors Dale. 3 December 2022 MHA Maclntyre Hudson are eligible lo act as auditors in tems of section 1212 of the Companies Act 2006. Page 32

THE HAR80RNE PARISH LANDS CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022 Unrestricted Endowment funds funds 2022 2022 Total funds 2022 Total fvnds 2021 Note Income and endowments from: Chari(able adiwlies Investments Other income 901.029 667.318 901.029 667.318 870,605 580,023 2,450 Totsl Income and endowments 1,568,349 1.568,349 1,453,OT8 Expenditure on.. Raising funds Charrtable aclivilie5.. Housing Activities Grants for relief in need Governance costs 25.320 211,868 237,188 198,674 838,097 253,590 57,463 124,317 962.414 253.590 57.463 869,937 162.490 47,617 Total expenditurn 1.174,470 336,185 1.510,655 1,27& T18 Net movgment in funds bafore Ilossesllgains on investments Nel Ilossesllgains on investments 393,879 1257,9261 {336,1851 1177,0241 57.694 1434,9501 174,360 742,916 Net movement In funds 135.953 1513.2091 1377.2561 917.276 Reconeiliation of funds.. Total funds brought forward Net movement in funds 18 6.106,825 135.953 16.077.394 1513,2091 22.184,219 {377,2561 21,266,943 917,276 Total funds Carrled forward 6,242.778 15,564,185 21,806.963 22, 184,219 The Statement of Financial Activities includes 811 gains and losses recognised in the year. The notes on page5 36 10 52 form part of these financial statements. Page 33

THE HARBORNE PARISH LANDS CHARITY BALANCE SHEET AS AT 30 JUNE 2022 2022 2021 Note Flxed a$sets Tangible assets Investment propety Investments 12 13 14 4.343,731 10.213.584 5.270.735 4,450,710 10,213,584 5,738,018 19.828,050 20,402,312 Current assets Debtors Cash at bank and in hand 15 21 123,375 2.190.960 219,071 1.880,256 2,314.335 2,099,327 Creditors.. amounts falling tlue within one 16 {269,8681 (251, 110J Not current assets 2,044,467 1,848.217 Total assets less current Ilabllities 21.872.517 22, 250,529 Creditors.. amounts falling due after more than one yeaf 17 165.5541 (66,310) Total net assots 21.806.963 22, 184,219 Charity fund$ Endowment fvnd5 UnreStr￿ted funds 18 18 15,S64,185 6,242,778 16,07T,394 6, 106,825 Totsl funds 21,806,963 22.184,219 The financial slalemenls were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Wtyt Tru The notes on pages 36 10 52 form part of these financial statements. Page 34

THE HARBORNE PARISH LANDS CHARITY STATEMENT OF CASH FLOWS FOR THE YUR ENDED 30 JUNE 2022 2022 2021 Note Cash flobvs from operating actlvltles Nel cash used in operating activities 20 1349.3291 {305, 608) Cash flow$ from Investing activities Dividends, interests and fents from investments Proceeds Ircrtn the sale of investments and investment piopety Purchase of tangible fixed assets Purchase of investments and investment propety 667.318 351.560 133.2531 1424.8471 580,023 884,458 (32, 746) (888,594) Net cash provlded by Investing activitles 560.778 543.141 Cash flows from financing adlvltles Repaymen15 of borrowing {7561 (684) Nèt cash used In flnanclng activitie5 17561 {684} Change In cash and cash equlvalgnts In the year Cash and cash equThiatents al the beginning of the yeaf 210,693 236,849 2.026,309 1, 789,460 Cash and ca$h equlvalents at the end of the year 21 2.237,002 2,026,309 The nolos on pages 36 10 52 form part of these financial slatem¢nts Page 35

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCSAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 General infomiatlon The Harbome Parish Lands Charty is an unincorporated charity registered wth the Charity Commisston in En9land and Wales registr81ion number 219031. Ils principal 8ddress is 109 Court Oak Road, Harborne, Birmingham, B17 9AA. The naturo of the operations and principal activities are relieving need in the ancient parish of Harborne. Accounting policies 2.1 Basls of preparation of financlal Statements The financHI slalemenls have been prepared in accordance wf(h the Charfiies SORP IFRS 1021 Accounting and Reporting by Charrtie5". Slalemenl of Rec¢Jmmended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and Ihe Charities Ad 2011. The financial statements have been prepared lo give a 'lrue and fair, view and have departed from the Charities IAceounls and Reportsl Regulations 2008 onty to the extent reqUI￿d lo provide a 'lrue and fairf view. This departu￿ has involved folbwing the Chafilies SORP IFRS 1021 published in October 2019 rather than the Accotjnling and Reporting by Charities.. Statement of Recommended Practice effective Irom 1 April 2005 which has since been w(thdrawn. The Harborne Parish Lands Charity meets the definition of a publi benefrt entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless olherwse stated in the relevant accounting policy. The financial statements ale presented in Brf(ish Pound Sterling being the functional currency of the charity and rounded lo the nearest £. 2.2 Income All income is recognised once the Charity has entillemenl lo the income, rt is probable that the income will be received and the amount of income receivable can be measured ￿lIablY. Income Irom housing activities represenls rental and service charges income receivable in the year net of rent and service charges losses from voids. Investment I￿orne from investment properties is recognised as il falls due. Dimdends and interest income is recognised as the charity's right lo receNe payment is established. Rentsl income from investment properties is recognised on a receivable basis. Page 36

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Accounting policies (continued) 2.3 Expenditure Expendsture is recognised On￿ there is a legal or eonslruclive obligation lo transfer economic benefit lo a third paty, il is probable that a transfer of economic benefits will be required in settlement and the amount of the oblvJalion can be measured reliably. Expenditure is classrfied by activity. The costs of each activrty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that activrty. Shared costs which contribute to more than one adivity and support costs which are not attributable lo a single activity are apportioned betW￿n those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis ol ts.me spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incuried directly in support of expenditure on the object5 of the charity. Governance ¢osls are those incurred in connection wlh administration of the charity and complHnce th consf(ulion81 and statutory requirements. Costs of generating funds are costs incurred in managing investrnenl assets. Investment management costs are apportioned between furKls based on the percentage of the relevant assets held in the fund. Charitable activities and governance costs are costs incurred in the charty's ¢)peralions, including support costs and co$ls relating to the governance of the charty apportioned lo charitable 8Ctiwttes. Grants payable are charged in the year when the offei is made except in those cases where the offer is condib'onal, such grants being recognised as expenditure when the conditions attaching are fU￿illed. Grants offered SLibjecl to conditions which have not been mel 81 the year end are noted as a commrtment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.4 Tangible fixed assets and dgpreclatlon Tangible fixed assets (including social housing properties) are carried al cost (or deemed costl, nel of depreciation and any provision for any impairment. Cost includes costs directly attributable to making the asset capable of ¢Jperaling as intended such as the ¢osl of acquiring land and buildings, development costs, interest charges on loans during the development and expendf£ure on improvements. Expenditure on improvements will onty be capitalised when il resuts in incremental future benefits such as increasing rental income, reducing maintenance costs or resulting in a signrficanl extension of the useful economic lrfe of the propety. Housing properties in the course of construction are included al costs incurred lo date. Depreciation on these assets is not charged until they are brought into use. Major components of housing properties, such as lffts and warden alami systems have been accounted for and depreciated separately from thè connected housing prcpety, over their expected useful economic INes. The useful economic lives of tsngible fixed assets are reviewed annually. Page 37

THE HAR80RNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Accounting poll¢los Icontinuedl 2.4 Tangible flxed assets and depreciation (continued} Depr￿latIOn is charged so as lo albcate the cost of tangible fix￿ assets less their residtjal value over their estimated useful Iwes. Depreciation is prowded on the following bases.. Land offi￿ building Fixtures and fittings Computer equipment Housing". R¢x)f structure and covering Windows and exiemal doors Healing Kitchens Bathrooms Mechanical Electrical Lrfts Not depreciated 20 years 15.kn slraighl line 3 years 70 yeafs 30 year5 8- 15 years 20 years 30 years 30 years 40 years 20 yeafs 2.S Investments Fixed asset investments are a fomi of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet dale, unless the value cannot be measured reliably in which case rt is measured al cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investsnents, in the Slalemenl of Financial Aclivilies. 2.6 Investment proporty All investment propeth'es are included at market value. Any changes in lair value are recognised in the Ststement of Financial Activitios. Properties rented to piov¥Je sockql housing are treated as langibk fixed assets and not investrnenl properties. 2.7 Dèbtors Trade and other debtors are recogni5ed at the settlement amount. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.8 Cash at bankand in hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short malurty of Ihree months or less from the dote of acquisffion or opening of the deposit or similar account. Page 38

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Accounting pollcles Icontinuedl 2.9 Liabilltles and provisions Liabiltties are recognised when there is an obligation al the balance sheet date as a result of a past event, il is probab￿ that a transfer ot economic benefit will be reqUI￿d in settlement. and the amount of the settlement can be estimated reliabty. Liabilities are recognised at the amount that the Charity anlicipales il will pay to settle the debt or the amount it has received as advanced payments for the goods or services r( must provide. Provisions are measured al the best estimate of the arnounls required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that refiects the risks specrfic lo the liability. The unwinding of the discoLtnl is recognised in the Sialement of Financial Activf(ies as a finance cost. 2.10 Flnancial instruments The Charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are inrtially recognised at transadion value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effecti￿ interest method. 2.11 Pensions The Charity operates a defined contribution pensk)n scheme and the pension charge represents the amounts payable by the Charty to the fund in respect of the year. 2.12 Fund accountlng General funds are unTeslricted funds which are available for use at the discretion of the TrLtslees in furtherance of the general objectives of the Charty and which have not been deswnated for other purposes. Endowed funds aTe those funds which are available for use in accordance wtih the wishes of the funder or regulatory body. Endowment funds represent grfts bvhere the income may be used for general charitable purposes bul the capital must be retained. Income geneiated from permanently endowed assets is allocated lo unrestricted income. Gains and losses on those assets are attributed to the endowment fund. Where income funds are used lo build. extend or improve buildings which are endowed properties or on endowed land, then the enhancement lo the asset will be included within the endowment furKf. Page 39

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Critical accountlng estimat8s and areas of ludgemont Estimates and judgements are continually evaluated and are based on historscal experience and other factors, including expectations of future events th81 are believed lo be reasonable under the cireumslances. Crf(i¢al accounting estimates and assumptions.. The charity has made the following eslimales and assumptions that have a sHJnificant impact on the amounts recognised in the financial stslemenl$'. Useful lives of buildings and components this is assessed based on experience and best practice in the sector. The useful lives are regularly reviewed. Valuation of investment properties fair value is assessed based on a combination of professional opinKJn, market values, actual occupancy and knowledge of the local area. Crf(ical areas of judgement". Permanent endowment funds - due to the age of the charity and changes in modern day regulation, the Trustees are aware that rt is drfficuf( lo a￿ertain with certainty the absolute values 8nd components of the permanent endowment funds. They have applied judgement to the split of assets and allocation and apportionment of eligible costs to those funds based on historic evidence and practice. Valuation of investment properties - the Trustees ￿nSider the assessment of the valuation of investment properties to be a key area of judgement. wlh the factors impacting upon this assessment being outlined above. Income from charltable a¢tivities Unrestrictod funds 2022 Total funds 2022 Total fiJnds 2021 Rent charges receivable servi￿ charges receivable Ulil¢ties recharges 535,618 265,370 100.041 535,618 265.370 100.041 526,569 255,917 88,119 901,029 901,029 870,605 Page 40

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Investmont income Unrestrict8d funds 2022 Total funds 2022 Tolal funds 2021 Rental income from investment propert￿$ Dwidends and interest receivable 529,058 138,260 529.058 138.260 455,232 124, T91 667,318 867,318 580,023 Investment management costs Unrestricted Endowment funds funds 2022 2022 Totsl funds 2022 Repairs Insurance Legal and propety management fees Agenfs commissKsn Investment management fee Voids 4,680 225 151,336 7,265 14,559 25,451 13,159 98 156,016 7,490 15.010 26.238 32,333 451 787 19,174 Total 2022 25.320 211.868 237,188 Unrestricted Endowmenl funds funds 2021 2021 Total fvnds 2021 Repairs Insurance Legal and propety management fees Agent's commission Investment management fee Voids 3,043 229 714 98,392 7,416 23,068 24,425 12,293 10,713 101.435 7, 645 23, 782 25, 181 30,205 10,426 756 17,912 313 Total 2021 22,967 175,707 198.674 Page 41

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Analysls of expenditure on charitsble aetlvltSes Summary by fund type Unrestrictod Endowment funds funds 2022 2022 Total 2022 Housing actM"lie5 Grants for relief in need 895,558 253,592 124,317 1.019.875 253.592 Total 2022 1,149,150 124,317 1,273.467 Unrestricted Endowmenl funds funds 2021 2021 Total 2021 Housing activities Grants for relief in need 789,312 162,490 128,242 917,554 162,490 Total 2021 951,802 128,242 7,080,044 Included wrthin housing aclivi(ies is governance costs of £57.46312021.. £47,617}. See note 9 for details. Analysls of grants Grants to Grants to Instltution$ Individuals 2022 2022 Total funds 2022 Grants for relv&f in need 163,715 41,331 205.046 Grants to Institutions 2021 Grants to Individuals 2021 Tot81 funds 2021 Grants for relief in need 23,963 119,963 Page 42

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Analysi$ of grnnts Icontinuedl During the year, 7212021.. 721 grants were awarded lo indiwduals referred to the chanty by agencies in Bimiingham and Sandwell. Analysis of expenditur8 by actlvlties AdivltSes undertaken dlrectly 2022 Grant funding of a¢tivltles 2022 Support costs 2022 Total funds 2022 Housing activities Grants for relief in need 2,412 57,483 48,546 1.019.875 253.592 205.046 Total 2022 2,412 205,046 1(￿,009 1,273,467 Actwibes undertaken directly 2021 Grdnl funding ol activities 2021 Support costs 2021 Tolal funds 2021 Housing activities Grants for rel￿f in need 869,937 47,617 42,527 917.554 162.490 119,963 Total 2021 869.937 119,963 90, 144 1,08Q,044 Analysis of dI￿t costs Housing activitiOS Total fund$ 2022 Tol81 funds 2021 2022 Staff costs Opeialing costs Interest payable 302,267 653,310 6,835 302,267 653,310 6.83S 291,820 571,210 6,907 962,412 962.412 869,937 Page 43

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 Analysis of expenditure by a¢tlviti¢s Icontinuedl Analysls of support Costs Grants for reliaf in n&od 2022 Houslng activities 2022 Total funds 2022 Staff costs Premises and office running expenses Governance costs 44,930 3,616 44,930 3,616 57A63 57,463 Total 2022 57,463 48.546 106.009 Housing Grants fof activities ￿lEf need 2021 2027 Total funds 2021 staff costs Governance costs 42,527 42,527 47,617 47,617 Total 2021 47,617 42.527 90, 344 10. Govemance Costs Unrestrlctgd funds 2022 Total funds 2022 Audrtorfs remuneration Other wsts P￿MiseS and office running expenses Wages and Salaries National Insurance 19,199 10,286 2,655 20.877 2.392 2,054 19,199 10.286 2.655 20.877 2.392 2.054 Pension cost Totsl 2022 57,463 S7,463 Page 44

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 10. Governan￿ Costs Icontlnuedl Unrestricted funds 2021 Total funds 2021 Auditor's remuneration Other costs Premises and office running expenses Wages and Salaries National Insurance Pension Cost 13,806 9,388 1,311 19,187 2,063 1,862 13,806 9,388 1.311 19. 187 2.063 7.862 Total 2021 4T,617 47,617 Auditorfs remuneration contsins £2,75012021.. £2,710) of non-audil fees. 11. Staff costs 2022 2021 Wages and salaries Social security cos15 Other pension costs 316,989 26.332 29.199 306,845 24,080 26,534 372,520 357,459 The average number of persons employed by the Charity during Ihe year was as foll¢)ws.' 2022 No. 2021 No. Employed wholly on housing activf(es Employed on housing activities, grant making and governance 12 12 The number of employees whose employee benefrts lexcluding employer pension costs} exceeded £60,000 was.. 2022 No. 2021 No. In the band £60,001- £70,000 Aggregate remuneration and benefits received by Key Management Personnel lincluding employer pension contributions, national insurance and benefrtsl amounted lo £184,86712021.' £174,499). Key Management Personnel comprises the Trustees, Chief ExecutNe, Housing Manager, Senior Buildings Manager and Information and Policy Officer. Trustees receive no remuneration or benefts. Page 45

THE HAR8ORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 12. Tanglblo fixed assets Freehold Fixtures and property rittings Houslng Properties Total Cost or valuation Al 1 July 2021 Additions 657.493 104,475 10,052 5.980.948 23.201 6,742,916 33.253 At 30 June 2022 657,493 114,627 6,004,149 6.776,169 Depreclation Al 1 July 2021 Charge for the year 41,168 6,547 96,181 9,368 2,154,857 124,317 2.292,206 140.232 AI 30 June 2022 47,715 105.549 2,279,174 2,432.438 Net book valug At 30 June 2022 609,778 8,978 3,724,975 4.343,731 AI 30 June 2021 616,325 8.294 3, 826,091 4,450,710 Page 46

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 13. Investment property Freehold investment property Valuation Al 1 July 2021 10.213.584 At 30 June 2022 10.213,584 The chartys investment properties were fom?ally valued as al 30 June 2019, valuations were made by Martin Wilson IMRICSI of Bruton Knowles, on an open marf(el value. The Trustees consKler this valuation to remain appiopri8le as at 30 June 2022. The majority of these properties were bequeathed lo the charity many years a90 and the historical cost of these properties is not known. 14. Flxed asset investments Cash held by Listed Investment Investments manager Total Cost or valuation At 1 July 2021 Addrtions Disposals Revaluations Management fees 5.591.966 424.847 1351,5601 1440,559} 146.052 1424,847} 351,560 6.738,018 {440,5591 126,724} 128,7241 AI 30 June 2022 5.224,694 46.041 5,270.735 Page 47

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 15. Debtors 2022 2021 Due within one year Trade debtors Rents held by managing agent Other debtors Prepayments and 8￿rUed in¢(xne 18.615 830 7, 618 170,345 210 40,898 103.930 123.375 219,071 16. Creditors: Amount5 falling dug within one year 2022 2021 Other loans Trade creditors Other laxalion and social security Other creditors Aecyuals and deferred income Grants payable 560 40,943 8,194 4,341 77,173 138,657 560 41,330 8,054 5, 687 119, 751 75, 728 269.868 251, 110 Included within accruals and defeired income is rental income invoiced in advance of £62,211 12021.. £74,859}. 17. Creditors: Amounts falling due after more than one year 2022 2021 Bank loans 65,554 66,310 The above loan included in ¢￿d￿orS within and after one year is secured by a charge over Harborne House. one of the charity's housing properties. The loan is repayable in inslalmenls over a lerrn of 60 years ending on 31 Juty 2044. The interest accrues al a rale of 10.250A. The loan represents 6.2%12021'. 6.10A1 of the book value of the property. Page 48

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 18. Statement of funds ststgment of funds- current year Balance at 30 June 2022 8alancg at 1 July 2021 Gainsl Itosse$l Incomo Expenditure Unrestrleted funds General Funds 6,106,825 1.568.349 11.174,4701 1257.9261 6,242.778 Endowment funds Endowment Funds 16,077,394 {336,1851 1177.0241 15.564,185 Total of funds 22,184.219 1,568,349 11,S10,6551 1434.9501 21.806.963 Statemgnt of funds- prlor year Balan￿ al 30 June 2021 B818nce al l July 2020 G8in&l (losses) Income E¥pendilure Unr8Strlded funds General Funds 5. 187,965 1,453,078 (974, 769J 440,551 6, 106,825 Endowmont funds Endowmenl Funds 16.078,978 (303,949) 302,365 16.07T,394 Total of funds 21,266,943 1,453,078 (1,278, 718) 742,916 22, 184.219 Page 49

THE HAR80RNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 19. Analysls of net assets between funds Analysts of net assets between funds- currnnt year Unrestrlcted Endowment funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investments Investment propety Current asseis Creditors due within one year Creditors due in more than one year Loan beknn funds 8,975 3.125,546 521,086 2,314,335 1269,3081 4,334,756 4.343,731 2,145,189 5.270,735 9,692.498 10.213.584 2.314,335 1560} 1269.8681 165,554} {65.554} {542,144} $42,144 Total 2022 6.242,778 15.564,185 21,806,963 Analysls of net assets b•twgon funds- prior year Unrestncfed Endowmenl funds funds 2021 2021 Total funds 2021 Tangible lixed assets Fixed asset investments Investment prop*rty Current assets Creditors due within one year Creditors due in more than one year Loans betsveen funds 8.294 3,402.645 521,084 2,099.327 (250,550) 4.442,416 4,450, 710 2,335,373 5, 738,078 9,692,5C(J 10,213,584 2,099,327 (560) (251, 110) {66,310J (66,310) (326,025) 326,025 Total 2021 6, 106,825 16,077,394 22, 184,219 Page 50

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 20. Reconclllation of net movement In funds to not cash fk)w from opgrating activities 2022 2021 Net lexpendilurellincome for the year las per Statement of Financial Acliviliesl 1377.2561 917,2T6 Adjustments for: Depreciation charges Gainslllossesl on investments Dividends, interest and rents from investments Decreasellincreasel in debtors Increaselldecreasel in creditors 140.232 440.559 {667,3181 95,696 18,758 144,881 (546,467) (580,023) (100, 777J {140,504J Net cash used In 0￿ratIng activities {349,3291 (305,608) 21. Analysts ol cash and cash gquivalents 2022 2021 Cash in hand Cash held at investrnenl manager 2,190.960 46.042 1,880,256 146,053 Total cash and ca$h oqulvalents 2.237,002 2,026,309 22. Analysis of changes in net debt At 1 July 2021 Cash fl<>ws At 30 June 2022 Cash * bank and in hand Debt due wlhin 1 year Debt due after 1 year 1.880.256 {560 166,310 310.704 2,190.960 756 {65,$541 1,813.386 311.460 2,124,846 Page 51

THE HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 23. Capital commltments 2022 2021 Contracted for but not provlded In thgso financial statements Acquisition of tangible fixed assets 161.2S7 24. Penslon ¢ommltments The charity operates a tlefined contributions pension scheme. The assets ol the scheme are held separately from those of the charty in an independently administered fund. The pension cost charge represents contributions payable by the charty lo the fund and amounted to £29,199 12021". £26,534). Contributions lolalling £3.40312021.. £3,207) were payable lo the lund al the balance sheet date and are included within creditors. 25. Related party tronsactlons None of the Trustees or any persons connected with them received any remuneration during the year 12021.. £Nill. The total amount of expenses reimbursed to Trustees or third parties in relation lo Trustees expenses was £Nil during the year12021'. £Nil} There were no further transactions wtth related path.es during the year12021.. £Nill. Page 52