Charfty numb•r.' 219031 HCA r•gl¥lrniion number. A2993 HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Page Rofornn￿ and AdmlTrlstrth• DetallB (rfth• Chvlty, Il* Tru•t•e8 and AdvlB8ra Tnth8' R•port Stat•fflont of Trust•es' R•sponsibllllles 27 Ind•p•nd•nt Audltorfs Rèp(Kl 28-31 stat•m•nt ol Flnonclal ActMtI•8 Balanc• Sh• stth•nt of Ca•h FI(￿0 Nol•• to th• Flnffjcw 8t•t•m•nts 35-53 HARBORNE PARISH LANDS CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADMSERS FOR THE YEAR ENDED 30 JUNE 2023 R•f•rnnr• arKI Admlnl•trth Inf¢m Charity Name Charfty Ragistralon Number 219031 HCA Reg15traUon Number Prfndpal Office 109 Court Oak Road 8wmI￿affl 817 BO1￿ of Tru•t•o• The sole Trustee Is tho H8rbcffl• and Smeth*** Chwit*AoTrwt IRagl8tored Company Numbw 11217433 And Ch8r6ty N￿ber 11775271. The Truste￿ ond Lyrxtors d th8 Hwbomo SmetIf￿ Charfiable Trust at ts date tht8 report Wa8 a provod are.. ClrA Bostan (Re8lgned ￿ October 20231 Mr8 B Chetiyawardana Mr G Hewltt &41trknrn1 Mr D Jeffery (Chairm￿) Mrs P Le¥db8t Mrs R Silb8r trv s'￿88*f￿8E F Wayt G A B Taylw (8r4)olntsd 2> November 2023) Chl•f Exaculfv• Mr S J sknE*￿ Ext•rnd A￿lItorS Crow• LLP 81* County House Rounds Green Road Oklbury West MidlarKIs B69 2DG Bank•rn 4th Floc 2 St Phlp'j P*e 8wmingham 83 2RB Page 1 R￿ERENCE AND ADMINISTRATIVE DETALS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS {contlnu¢d) FOR THE YEAR ENDED 30 JUNE 2022 Solkltc•rn A￿hanY Collln• 134 EdmurKI Street Bkn7ngham B3 2ES Tynd•ll¥Mod• Edgb8ston B1788Y Hlggs and Son• 3 Watsrfronl Bu9*￿S Park Briertey Hll Wesl mKIl￿d8 OY51LX Commercl81 P(MtfoNo.' Covondish House 359n61 Hagkny Road Edgbaston 8178DL Reshjentlal Portfolio: Rob•rt Po¥MII Chart•rod Surv•yorn 7 Church Ro8(1 Edgbastrjn Bimin#bam B1S3SH InNwtm•nt •dvl•orn Ev•lyn Pwln• 14th Floor 103 C(Amoro RCM. B*rnngh8m. BN3 3AG Inl•rnal •KII¢orn VaNd•rn UrMI 3 Crompton Cc•Jrt AlIV￿￿1 Road WS7 3GG P8g6 2 TRUSTEES, REPORT FOR THE YEAR ENOED 30 JUNE 2023 A8 I wrfta thffj in late Novathr 2023.1 refrtl on 2022rJ 86 a ￿riod of immense polltlcal chaos plus tho legacy problèms of thè pandomic wi tha UK affec￿ thè Charlty. not to menUon lft th& wortd. The Charity has $urwed, and our inveslments have irKreased in the of Ihe recent re-valuation of th¢ propety Portfolio and only a 1.￿ red￿tIOn in the value of the in4￿￿ent pOrtfr￿￿. In the Ight of what has bean the financial tumoll and cost of liv￿9 cd818 were fortunate In belng able to cx)ntknu8 vthh 8 ful round of grant m8kiThJ and look- Ing 8fter our Almshouse re5klents. AN of thls Is dealt detail Lryter in thè Reports from Chaks of the 4 committ¢eB- Fwian¢o, Charitsble ActsvTbtss. Propwty and Akn8houBe. The RepDrYi fomial has changed from previous yearg. ￿ 808rd and CEO awd thot from thi¥ yaar thare should bo re￿rtY compled by the IrK11￿dUaI comnittee's Ch* rather th8n an overall report from the CEO. Thare Is therefore no report from Iha CEO bul Instood a fvly detail￿ ac¢ount of tho relevant matters. I fo•1 that l should commence my repl￿*7￿ ciMnm8nt ab¢¥Jt lh8 rcAe of ts CEO. Sto¥8n Slmpson. HIS 18adership. knowAed9e of the Charity sector, contscts and ability to foreseè problems ate a huge asseL He & I meet 81 l••t onc6 8 weak and I r*Ca￿ a full updat6 knueg arl8kn9 vlth resldents, staff. and the general bu$ineBs of the Charity. l am constanty amazed at the 1nGompgten￿. wrogance gonoralty unhelpful attl- lud88 displayed by thg various agenci8s ond cvgoni%8tions that ￿ gnd ￿ staff must daal with. An inordln818 amount of hi8 and the •taif8 tkno Is spenl In d0811ng ￿thI$S￿S that varlous 89gncles or commor¢ial org8nlsa ons cxeate through general Ineompetenco and unhdpful attitudas. One of the maln cwses of thls problem 18 on8 th8t peryades many 8$p￿ts of modom lilé- ￿ inabilty to fffid anYty￿ who is pr•par8d to deal with an S8• sue without buck posslrvJ. Who th￿uld have b818ved tho length8 wè to 90 to SIM￿ to tr8n8far £250,OLW) fmm our a(uunt at th• N•t- Wesl to Iha COIF In￿$￿78nt fund- 8pp8rentty, V•* nè8dod to $8nd a fax- we havenl 8 machine anymore- nor had Ihe bank- in the event we V•Bfe forcod lo deal Ihe trwsfw in a of 8inglo Smallor transac- on8 rather than belng able to tramler the lot at oKell steven'8 rol• requlres a 8traleglc apry￿h aThJ Ihe constsrt c*18 on hlg time goner8ted by o)mpwatIve￿ m nor. bul urgent ￿￿¢￿I¢m$ has led Ihe board lo apkYo¥e a restruct￿0 of the stsff and to dvld8 the 8dmini8lrative Staff into te8m8- Operatlons- Carotyn Arr￿￿1 h8s bean 8ppolnt•J to h88d thls team 8fKI Centr81 SaThlc88 - a head vlll be recruited to thi¥ team sho￿. The discussion8 Ihat gave iise lo this ¢h8ng0 0￿Urr•d dudng 22r23. NO￿18158￿08 durirwJ this year dealt *ith in greater delail 18*. 1ncorpornl￿ - desplte the FrfOCW appearfng to ￿ a slmple one vthen wo first embarked upon It y 10 years ago, we slill not dotted all of the i's and crossed dl of the t's. current stt- ualon is 88t out in the FInar￿8 Committee rewi and wè are nchv trustees 8nd directors of The Harbome & Smethwkk Charll8ble Trust L*l., knthlch company aci$ 88 th8 solo Irustoo of tho HAr. bome Parish Land8 Charrty. We able to help our resi(l￿ts Ihrw the energy crfsis by glving exh of a £50 grant overy mcyrth from November 2022 to M￿1 2023. This was muth appre¢iated by thèm. Maknng grants to Individuals h8s caused us over ts￿18$1 few years and ttos been rnfiectsd the Charitable Actfvllies Committee's repKxl. Vmey from the ndtvldual grant budget this y¢ar remalned unspent and V•8S trwsfeffe(i lo the orwis8t*)nal grani budget. We knowthat Ihere is need In our communlty ¥ea tArt ffind it lrtreasingly difficult to get ow m8SS8ge across as mLY8 and mre Org￿158tic￿S th8t previoU￿Y referred people to us no b)nger exist The year sow wr 2 appowrted mwagemenl ¢￿pOn￿ IAkè over and we were ploasad that prop* p￿110 L8 rThi hyng F*or￿ Page 3 TrUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023 2 reS￿entIal woperbes ihat had tJe8n reg￿8t8¢1 tenanGies bg¢ame v8ont in the18St 18 rn￿th8 *re grath￿l￿ impro*•*d d￿trYj the year w*d 8re wther or aLw)ut tt> be 80. TW wll now be let at a mwkot rent 0)nsidera￿Y iKr&gsing the rental Inc￿￿. Although OLr inY8stment portfolio. ￿￿￿tab￿. given the tumb)il crf the parbd, saw a ￿￿811 drop In Value we hav8 b8en able to fiwK16 on dgpo•t- ewntualtyl- ￿)d take adv8ntsg6 of the rfse In Interest rates. Our Amshouse stock has been knwo¥ed 88 h8ve been able to r0￿mmerth the various u 0￿18S that had been delay￿ by the eowuem18 of the p8ndemlc. Occupoiy rats8 have t48n high wilh a knwround of ￿ld5. Resklart S(KVayS have shown hlgh lovels of 88tlsfac- tion that refiect I would expect *)d hope for-0￿ rns¥Jents aro well housed and supportad. Blmingham's attempts to deal with rogue landk)rds kn tho late &Jmmer and Autumn of 2022 p d out C8uthg us 8 lot of extra Iwrk-we wwenl ewtir¥J to t• tsated a8'rogu•' iKrt wérs concom8d atr￿ addtknnAI 8rl8lng from the theL*s tt￿t lthly lo tak place. We losi one truBloo has dwkng th8 pwiod but h•d, in fA¢L not been sev for wmo timo. Genernlty. b)Jste6 8ttendarKe 8t Bowd Meetings and the ragular S￿￿mmItteeS ts Ho¥￿Ver. the absence h8$ PTobl8m8 thmg th& period due to G&￿y1n9 3 then 4 v8candes. l am th8ed tr￿1 we to trustees. Thls roport Is my opportunlty to personalty thank th• Chwty$ staff for thek tArd Thrrk dudng the year. We are blessed wth stsff al all levels ¢ommilJad, loyai arrtl ￿￿l-qUa1fiOd. l kn(Mt thèm All arAI sea them 88 team who well together wvjer Ste¥en's Wership. Flnalty. I would Ilke to thenk my fell￿ trustees for al of Iheir time, commitrnent and efforts for the Charity. Par- ticul8r thanks to th8 4 committee ChalpJ- Rachel &lbor, Fwk WayL Vlc Syfvester & Nigel Thompson. Page 4 HARBORNE PARISH LANDS CHARITY TrUSTEES' REPORT FOR THE YEAR EXDED 30 ￿lNE 2023 1.0 Obl•ctIv￿ and Actlvltl•• The origins of Ihe charity are so 8ndent as to be ob￿red by thg n*sts of tim8, but It wa¥ mentionad document dated 1640 and may date from o by Mr8 &izab9th Cowper {0li8s Piddod() in 1578. Today the charity v*ms varlous Invesknents togolher Mfjth frR *m8hou9e properties ￿re part funded by tho then Housing Corpxation. The area of beneffit 18 the Ancient Parish of Harbome, now li th8 County of West Midlands 8rKI the ben8fici8rws we akn5￿￿ WKI those in need within th8 parth. 1.1 Obl•cllv•• The H8rt>omo Parish Land8 h88 t4w ￿￿nary To reli8ve need through Ihe prwion of 8lm8housesto pWIe*l￿ ￿nn0t meet thgir own hou81ng need In tho ¥￿ent parish., To rolleve ng¢(l through th8 of to kthkknals organ158tk*n8 that support those In Tho af08 of bènefit corrdlsts of th• 12 pNts1￿. together m8ko up tho And￿t Partsh of Harbomo. Th88 Sl Bontlace Quhton Road We8t {&'rniNJlwml Sl Fallh an¢J St LaUrW￿ {HartJcffig) Sl John IH8rt>ome) 51 Potsr IH8rbDme) Sl Alb8ns (Sme1h￿r￿) Sl Chad ISmètPA•Ad¢l Sl Mary {SmethwKkl St Mathew Ismethwck) Sl Michael and Al Angels (Smettwthk) St Stephons {smettthW￿) Sl Paul ISmethwi¢kl Old Church (SM￿1•$￿) Ths geographir*l arna comwlses most ot Harboffo and some of Quinton th the City of Blrmlngham 86 w811 as most of Smethwkk arKI a small of Bear￿0￿ in Swxlwtll KtstroOltsn BwwJh COWKII. 12 AGtlvhl•• and Stru¢tur• To a¢hiova these oblecdvos Iho empbys a tsam of 11 p￿. The Tn￿¥ have oppointad a Chlef Executtvg to Fun the charlty. Tlw In tum are supported by 8 Head of Operations vtho is respon$lble for the dèllverfng the charity'q daY.{￿daY charfla1￿e acllvity and a He&1 of Central (To be appointed) wk* rnanages the charty'• bs¢k of SUFPOrt. Ghwitys dellvers support to In need Ilyee wroache8.' 11 The prowsbn of hlgh quality sheftered 8knstthM wccrfnm¢yJation 21 A F￿graMMe of grants to org8nis8Uons 31 A wogT8mme of grants to indmduals The charity operates 99 almshouses In fve s(*￿M￿ to Frfovide a¢xommod8tlon to thos8 cannot me&t their own houslng need5. Each almshouse ￿ 8 self-C￿n￿l￿d on8 b8(troom lor n one case two bedroom) fial cottage in a shelter¢d h￿￿n9 scheme. Al thm&s have communal controlled entrarThs to ensure our resi- (*nts feel safe 8Th1 %(wre aTrJ wtll ¢￿d to he¥) wilh rnomrt (rf (tsi& almshouses are Ihe respon5bility ofthe Head of Opw8tions. who is SUPPOrted by 8 Poky and Infom8ti( Offlcer and s￿l0r Buildry M8n8g8r. Each scheme has a Bulding Manager*tho is responstjle ts provldlr4J tha InlertsNe h￿SIng man4ement servic• at that stheme. The charfty also eM￿oyS a Support Officer to help Pagg 5 HARBORNE PARISH LAND5 CHARrrY TRUSTeES' REPORT FOR THE YEAR ENDED 30 JUNE 2023 OLY 8lm8housé residents Ive irthperwJ8ntW fN and ¥w)uld no￿alty employ an Activity Cwrdin8lor to provide a programme of stimulatry ￿]￿lieS and trips that Wltxease ow r8sidents' qu811ty of Ilf8. Two of the 18rger schwnes dso hav8 a cioaner*tho supPc￿￿ the &￿IdlI¥J Nlanagars lo keep these schemés dean. tidy and Safe. ani The th8rity supports Feople in n**J In anuenl paii5h ty Pro￿dIng a programme of grants lo ¢xg8nisotions. The charfty sets an 8nnu81 gr8nl strategy by rev[th￿r￿j tha n6eAls in ancient wish through primary dats where available and through local e￿nOmIC and social F4ans. OTrJanis8tw)ns are then invrted lo apply for grants in one of 4 or 5 ttrget arg86 such as thild poverty, debt manag8mènl. food and household goods disthbution, olderF*ople livkng In 30clal isolatkjn orwgef people al risk of bgcoming NEET (Not in Employm8nl, Educallon or Training). Gr8nl aFplication$ 8r¢ assessed In f￿r r(xmds each yaar apptying organi8811ons are asked to d0ts11 the group thay wl8h to V￿rk tth. Ihg Outw￿ tw 8re 8XFeL*'ng to &*ieve OIKI th18 Is to the beneffit ofthe publlc as a vknol8. Aftertrmlve months (or Mth• fvct18 shorter) tho chwty conducts a F*)sl grBnt monltorlng •xerr158 to en8ure the M￿•Y was spent th? ststsd purpos8 8nd th& 6xp￿d rosults were achieved. The e*arity •im$ to U8• ry8nt fundlng to Orga￿Set1(￿5 to 8(klres¥ long tenn strudural Issue that cause or rojutt fr¢Kn poyorty In the 8nGiwt patsh of Hpthffle. Fln81ty, the chartty nms an Irdtldual grants mr•mme for tr￿$0 In Immodi818 povety and crls15. R•forralg for this prgdominanwy wmo through trwa paty 8goncw engagèd vlth indi¥￿u￿b# 8ucfb as iwaltn ￿￿rkers. famlty support Workers aThJ h¢JJsirvJ officern. IndNldual wants will not nom81ty axcood £800 per household and ould bo for 8 dNWS0 rwge of rtom$ that ro11&¥* ne•J and carnot be oaslly fvnded eL8awhere. Examples Include the purcha8e of vthite goods ￿ essentl81 fuffllw?. wogrammes are tho fesponslblty (rf th• Hegd of Opw8tion8. Th• charlty 8mploys a Gr¥nts 011￿r lo manoge and monitor grnr)ts to or9￿1$#￿0ns and dellver our indlN*JuaJ grants programma. The tharity gimj lo use its indNidu* grant programm¢ to a(klres8 farmore acule and immadlate, Indlvlduallsed effecis of poverty. These operndons affj supportgd by a central soNic6s tsam conststlng of an Office Admlnlstralor Finan¢e Offlcer WIKJ report to the Head of ftharte. These staff kew) Ihe ￿ty,8 offices operaiing 8nsuiiThJ that all ol thè Un￿n. vitsl actions requ*¢d to support the del￿￿1 of lh8 chanty's c￿rItAble xtl¥lty arn c¢)mpbgtwJ such ordartng statlonaryi ans￿l￿g th8 tele*￿￿5 and makjw payment& The organis&llon'8 key M￿agem￿rt Pernonnel we: st•v•n Slmp•on, Chief Executive Stevan lolned tho ¢h8rity in January 2014 ha￿￿j kwovl• *yYkwJ In natKThl rolo0 wllh Remploy Ltd and the Jeri¢*o Fourvjallon. Steven is re¥ponsbl8 vA)rkirvJ with the board to set the str8t8gic dirnciion of thg charity and ensuring the charity meets its rtii8cth5. SteNw h8s ￿ horKJurs degrne In hlsw and Is a member of the charter￿ Ins￿lUte of Houslng. As Chief Steven Is responsitAe for VKJrklng %*lth tre board to set the str8teglc diredon of the charity. mlislng this strategy as an ￿ratIOn81 plan and then ensuring its delivwy. Stsvon is 81s0 rnsponsible for liaising the ctharitys inv85knent managemerrt partner5 to dgllver maxlmum retLwns from the chanvs Inve5tmenl ￿￿￿(￿10. Carolyn Amold, HfAd of Operatlons Carolynjoined Ihe chadty kn 2CK17 arml has seNe(l in a number of Toles befDffj being 4>poinled Housing Managar In 2016 8nd later Head of 0￿ratIOnS in 2023. Cwdyn is a membtr of thè Chartered Institute of Houslng and hold$ a certific8te in HO￿ing man8gem6nt. Carotyn is re¥K>nslblo fordelNering the charitys C￿table actiwties. C8rotyn manay the 8lmshcv¥es WKI ta￿s. Gllllan Rlgby. Irrfomalon and Policy Officer Gill joined the tharity in 2013. c￿11 has over 20 yews of h[￿rvj managa))&tt experi8rt8 hold$ dogroès in Polit￿1 Science HO￿ing M8nagemenL Gth is 8150 a n￿bar of the Chartered Institute of Housing. Gill Page 6 HARBORNE PARISH LANDS CHARrrY TRUSTEES. REpoRr FOR THE YEAR ENDED 30 JUNE 2023 mèn#g88 the charivs data, tran￿8185 gownm•nt rthy guid8rt8 n pr8Ctkal actmlles wkll88 the chaiivs pollc188 and procedures. Tony Whit•hous•. Senior B￿ldIng Manager Tony has over 30 of building trade axperlert8 Inthd8d over 20 years spont malntaining HPLC properties on behaKofone ofthe chariws contrxtors. Ha¥Mg icrfned the dwrlty in 2012 Tony was 8W8rded the posibon of S8nior ￿NdIng IAanag8r in 2016. Ttr)y is reSp￿SIble for the teKhnl¢￿l aspect of managlng th8 charity'8 houslng sloth indudlng planned maintenance and project manag￿ent of rnaior r8furbishment Nlck Wallac•. Head of Flnance Nick joined the charity in Moy 2017 after th8 reUrem•nt of thariiY• pre4fjou$ Fnone* Manager Alsn Porter. N￿k has ¢)ver 17 year8 of oxperfenca VKHking *ith charilies 8(XOS5 the W05t MldlarKls and Is also the Fin8n¢o Manag8r ftjr the 81rm1n￿aM b8sed Jerirl￿ Foundation. Nkk is resp￿&ble for preporing financlal reports. he Ing the Chlef Executsve, Sen￿r Management Toam and Tntstèe8 to analy6e reports, prepadng annual kyAg8ts, dr8filrwJ fhanoal rukn and reguk•llon8 aThJ flym￿li￿ fin•K4•1 polKa08 These Key M8nagemenl Personnel lomi a Sonlor Management Toam (SMT) thgt108d8 the tharfty through the- rnat￿ rgsponsibility for thè chantyi obl•thes and 8UPPOrt operatlons. They meet we?￿Y to m¢)nltor ffinanclal and noTrvfinanc4al pgrlormance. 1ggSslative ¢hang¢s. poky dlrecth)n. staff development, str8tsgy, hodth and $8fety, ICT, d•ta managemerrt and any other bumiw issues. 1.3 Gov•rnanc• Under a stheme of the Charity Commissi¢Jn8rs daled 16 Novembw 19￿ The H￿L￿me Parish Lands Charity. arKI 'Gnce Memorial Hom•s' are 8dmini$t•red and managed as one charfty under thg name of'The Harix)rn• Parish Lands Charity., 8ubJect to. acCorda￿e ￿th. fv Schemes dated 21 May 1979 and 9 October 1988. The chority rogistr8tknn number b 219)31 Ihg HCA reg1stiati￿ number i¥ A2993. In JLme 2019 and a new tharity w8s inMrpcnt8d as, the Hartrf)me and Smeth￿Ck Ch8rh8ble Trust (ro918tratlan No. 11775271 vthlch became lh9 sole Trustee of Hartrtyne Pwlgh Land8 Charity. Tha charty'i ¢orwr8te Tru8te818 thè Harbom• arvj smoth¥￿ Chwilablo Tru¥i (No. 1177527) Harbomo and Smethwck Chadlable Trust has 12 Trusts¢ posltiorts. of are nomlnated ty Sondwo11 MBC and tsvo by Clty of 8*mIngh￿ under Imwtgd Tr)mination rights from the Harbom Parish Lands Charity. Nominatlve Tru8ts¢s serve for 8 lemi of four ye8r8. romalning eight Tru5tee5 are Co￿ted onto the boanS and 8erva for flv8.ygar torm. Cowoptsd Tnth must know Ihe rn of b￿fft r66vjg￿, employment. or another 5pectal knovledgts. The Trustso$ have formed tsjr COMMth￿ lo a*)ect ofthe charity's xlivlty. Tho Almshouse Com. mittee Is formed of the almoners (Trustees we appointed to be &J¥c￿leS for the bon8fici8rf85 at each of our olmshouso Èthanes) mordtor our glmshwse perfomHnce as as reviewing and 8pproving naw appllcants for ￿U5￿g. The Propety Ctynmlttee monltors Ihe 8ctiwtig$ of ihe chartys appolnted prop8ty man- agement fknis and makes decisions ab¢wt the strategK managem&rt of ow invesknent kyoperty Portfollo. The Finance and Audit Commlttee monitc* the chaiivs managtmthrt atxounts. the p8rfomance of tha charity'$ investment manager, our intemal arraroements fc* valw for money. maintenan¢e charyes and ensure that the ch¥it￿$ resources we managed wisely. The Chwitabl8 Athity Committae reviews the ￿}nual grants str818gy, indiwdu81 grant appyovals aThJ mryews P)st grant-monitoring reFrfs. Each committee mèèts four time5 each year and the full Board ofTrustees me6tfNè Imnos a >wto revlew the work of1he ￿mn￿tt895 and make any non4evofvtd decisions. Page 7 HARBORNE PARISH LANDS CHARITY TrUSTEes' REPORT FOR THE YEAR ENDED 30 JUNE 2023 The chi￿ Ex8cutive and chairper￿ ouliin8 the T8SW￿Si￿17u8S of Trustee5 to all appllcants at a on&t c#)e interview. During inteThiew Itw assess an applicant's elybility to s6rve as a Trusl8e uslng Ihg Gharity'$ inlemal dedaration fomi and the Ch#rity C¢)mmi88ion's guidance eligiblty to serye. OnL% eli9lblllty has b8 confinmed the Trustees vole ot the next bogrd meellThJ as to V4t*etr*r to actepl or dedine the nomination or submission. yted Ihe Trust88 k8 wasenteAI with a ￿pY of the charity's poli￿85 and procedur65, Im. port8nt ¢onta¢t infom8tion, the chwty'8 I￿￿ne$S Flan. Sca￿￿le of mèèungs and the Charlty Cc*nmwion'8 document CC3 the essential Truskn. They are nOtIfi￿ ofth8 nextlul tK)ani Mee￿ng and inwted to attend. After their atteNlance al the next board meeting Tnjstees we 0￿r8d a one to one session wlth 6rther the chair- man or tho Chiof Executs'v8 to dlscuss any (wesb'ons they may have and to tour one or moro of thè charty'l alm8hous88. Trustees are encouroged to think about S￿￿MMItteeS they may wlsh to join the follovAng F¢bruary. Tru8ta88 of Ihe H8rbome Pw18h Lands Chwlty ar• not p*d htr4*¥•r may d8lm axp6n8es. Tho h88 documented policy for the claknlryj of Trustee'• expenses detailing *th8t may bo cl8im•d and what ewdenco 18 roqulrad to sub8tsnlats a dakn. The Tru81ges review pay 8TrJ condrtvjns at the Few meeUThJ of the Flnance and Audlt Comm who then m8k8 recommendatio￿ to the fvll l￿rd r8gar(Ing ts)st of Ihrfrtg In¢yeases, penslon c￿nIMblrtIons and addluonal beneffts. The annual revlew of pay ¢))ndth￿S is applied gquolly to 4118tAff And Is Impl8menl?d th• follovlng April. In 2023 the Trustees awar(ied a cost of lI￿ng I￿re880 lo the poy of om stsff. All itaff are pakl more than the nation81 I￿r￿j wage as defined by the Lr4ing W8ge Found8tion. The ¢horfty h88 8 dcumenled pay 8cale. The poy se4kn dètsll$ 0*3hl kay b8nds', trahee, staff. offirnr. ￿r￿or offlear, m8nao8r, hèad of department and oxecuttve. These ban(Is correspond to the1gvéI of man8gament r tsponsibillty arKI aruuntsbllty post holds. EKh bwKI has a pay th1801 In relath)n lo tho other barKI8. Withln each b8nd therg 8r• four Increments. Nc¥malty, all new 818ff 8re appolnled on the Iow08t kncremenl and progression to the nexi incrgment takes place at th8 discrol￿Th of the TnJst6es in rtr4¥ard for 8 membgr of ¥tsff ehh¢r slgnMe8ntly Increaslng thelr skills level, or LWKlertaklng wJthVong1 re$F￿SIbIlItieS Ihat are 51111 commenlu rate wilh their bandirwJ. l eligible stsff are enro11￿ in an 8UtO 8nroknenl compllanl pensKJn Gcheme and the charlty W)trItrAJte8 5% of 8t8ff aamlngs to th08e 8thgm. The d￿rity *0 malckn staff ¢￿tribUll0n8 UP to a fijrther 5%. The chorlty offers a number of 8ddition81 b￿effits to all 8taft [￿UdIng Pa￿.￿Pat￿)n in a ¢ycle2th scheme. a Salary-58c￿￿Cfj car sc*emo, BHSF health(xre cash b8d( scheme, a death in servke Inswance scheme. In 2022 the chadty inlr(*Juced critical illness for dl staff hav8 sep•pd contlnucwty wllh thg tharity for tr*eè months or more. Staff gxpenses are p8ld In arr￿$ arKI on the rKOd￿lIon ofelde￿e 0lexpwxli￿[e. The chatlty has 8 polloy for the payment of Staff expenses. Onty one mwnber ol staff has A r•mthèr8tkn package that exceeds £60.000 arKI the total amount of money spent on senior 51aff in the year Is £197,7641£184.867 n 2021r22). The charity is engaged in 8 variety cl netw￿￿ wbsuibgF b a nunbèr of 8nd publlcatlons to 8UPPQrt both strategic (verat￿81 d8cisKM8klTrJ. Trustees have access to Pefsonnel. Governa￿8, Third S8ctor and CharTty FinAnce magazines subscriptions ik8, HABM and AsSoaa￿n of CharftalAe FC￿dati0ns {ACF) pthllcations are available al ow Hollingworth Page 8 TRU8TEES' REPORT FOR THE YEAR ENDED 30 JJNE 2023 House LrffiG¢s. Tha Seruor Monagemenl Team havè ac£ess lo mps and A¢)Skn Per8onn81. Tsps and Ad￿ce H881th arKI Safety and rips ￿¥j Att*ice En￿ronment To snsurè up to data Human Re¥owce (HR) aThl Heth Safety {H&SI the charfty contracts Cltalh)n Ltd. to provide haalth and saf8ty. audits. reFwyts. arfvice proteCb￿. Thls yea¢8 Sitè Inspecuons ￿re com- elgd on the 1P and 13th of Sept¢mt*r. Assassorn once again Impressed ￿ thè charity's attllude to health and Safety a￿81ng orly that vlrvknv restrKtm bo to of 1d Ilo(y flats. To ensure connectrthty wth b8St practlc8s across thb ￿ gvllng $￿tOr th8 charity is 8 m￿bar of tho West Midlands Fundws Network {VIMFN) 8fKI ts Assodth of ChwTtablg FO￿￿•tIOnS IACF). WMFN Is an oryanisation established to F￿0v￿38 an exchange of intellgerKe. infomation and best wacti¢e aGrM8 811 lundlng org8nlsations in th8 West Mkllands. In 2022r23 stoff from tho Charfty attende(180881ons on: Embedding 8quality WKI dlvffl5ity in y￿r org8nlsation What we havo 16wnt from ¥trategi08 for k•eplw Ihe best thng from tho Co￿d-19 crisis Oe81ing Permaryl¥es: what good gr*tt maklThJ 8trrfyJd bok Ilke In an 890 of Ch￿ge IChalr8d by the chwiV• ¢*18f executibp) A Nmber of regulw'catch up. ses8krf the want mok•r8 8hwe tslr (wrmt 8latU8 ￿dIsSueS Th888 m8eUngi o1$0 woNide ox¢•11￿1 (pp￿￿nIlI06 for ￿t￿￿￿kn9. ACF18 8 nallonal umbro118 b)ty for trusts fwndation$ that don8t• monty. gt)od8 or soNIc86. ACF publl8h 8erieB of magazlrns and online bulletins that hlthliohl trends arKI best pracic• wthln th8 sector. To ensure ¢onnqdon8 to best prxlK¢ across thè 80clor. ts charSty18 a m￿b￿r ol the Natlonal Hou Ing Feder8Uon INHF) and at 8 more local level. ￿rnInghaM Sog91 Housing Pkn8rship IBSHPI gnd the Wo8t Mkllands Small Housing AsyocthrA Bonchmarkry GfWP {WMSHABG) vthiGh18 fun by Aculty. NHF is a mgmbefship organSsatK¥n Ihat rewesents the vitrw6 ofits mèmbern to govemmentto help shApe pdicy vknile 8lso ¥haring best pr8Ctice aLYOSS its mombors top increase the ¢wality of housing 5ervicas In Ihe UK. Tho ¢harfty has adopted the NHF code of Cond￿1 aryj u5iro the NHF'S gukle to servke chwgeg to propare the 8SHP Is ￿ organisalon tho18cts a$ ￿ umbrelL4 for atl regtstered so¢ial ￿ndlord8 in 81rmingham that aimg to wclrt together to lrfflu¢r￿e I￿U91n9 ￿￿'aY In thg clty. BSHP 1$ Birmingham Cty Council's preferred ￿nduit for the relea80 d informlllon. WMSHABG com￿£•8 14 1(K•l Fxovldws *ith 188s than 1(KKI un￿3 of 80081 houglrs arKI woths logettror to mpare pgrfofmance data, sh8r• intèlllgence Tegarding I￿ntraCtOrS. sector trends and market condllions. re- polling and possible jolnty goods ¢y s8r¥rfce5. The charity ¢halrs and hosts thg san(fv￿lI Council Social Landlords Liaison Group. This group comprises 81 Interested sociol bndlord8 Wth housing stock In Sa well 8fKI Is the ￿rnary fcffum to recefve UFkn on iw)th fu￿re chaNdeS fr¢rfn the Councl. The charity is aLw a member ofthe Almshouse A580(aation and is r44stered th8 Regulator for Scdal Hous- ing. All of the charity's h¢)using stock Is registered as surwled exempl amnM￿ation 8imiin9ham City Council or Sanol¥ell Metropolitan Borough depending on ￿ geogwhkal location. The chathy takes an active apw0￿h to managing risk. Key iisks id￿11￿ed. ratod and Mib￿0￿ stralagles devised using the charity's risk register. The Trustees review the risk re&i51er 8 ye¥. FSnanci81 rfsk5 are stress tested to under51and what level of fin￿cial mon8gement is requirgd. what impact the risk wll have 8nd hthv sov8ra the 8iiuath)n ￿XId have to be(xThe berue the iisk o)uld no longer bfr managed. Page g HARBORNE PARISH LANDS CHARrrY TRUSTEES, REpoffr FOR THE YEAR ENDED 30 JUME 2023 ckn the risk registsr the likelihoc*J of 8U risks is rated usltvj a slmpla numeric 8ca18 vthere 1 is unlikaly and 31$ probable. The impact of all risks is then assess8d'. again. ￿Sing a numerk srale b*th8re 1 low impad and 3 is hwjh Impa￿ Each n￿ber Is mulliplied by the other to gN¢ a risk Tating SCOTe bets¥88n 18nd 9. where 1 Is a rfsk of low and 9 is a fundamental li￿<. AM risk6 scxiring 6 (Y nx)re roportod bel¢)w. In th0 2022123 finand81 ￿r, the p￿M￿ rlsks ts) tha ¢￿ty boen: Changes in rent regulatio￿ arKI th8 *￿(sTa beneffts sySt￿n Dr8￿ng errors and mista(88 In histixk thes caus¥¥J fnanci81 k>s8 ordi50dv8ni898,' Loss of key membws of stsff.. Loss ofcommerclal rent property Nvids: Incufflry substantid nOn￿￿1981¢d expenthtwe: Fa￿Urn to Lpd8te operating systwns. key sy&tems aTrl Lack of 8tt8ndanc8 at Truslee mogWrwJ8: Serious domage to wopety: Ckngolng uncertainty rosultirwJ from thé Urtted K￿g￿l.* d￿lthn lo loave1he Ewopgan Unlon: 8Th Changtt loth• th1r4•d l•#y#r knpact r Drafdw enDrn an rnl•tsk•s ChWEX•Jrt￿O. PrDperty Cornmlt•e and M8n*a. agerts rrf•J out ty thodw. • c4nm¢rrJg1 p ca80 thaTrSal ord*8d¥onwto th•dw L￿1 ath¥k• ia*en L 8W5 Iwhwe dknlld. do 80} knse5 aff¥￿ed •1 vnpKIq￿r1. daTrJ pknr•d kn. Pa99 10 TRUSTEES, REPORT FOR YEAR ENDED 30 JUNE 2023 L(￿ terrn ￿501 kof rf empWn¢ntmatrors. iknn rnaklno ￿$$ th• ar•J Ih 2017.r2 bJ•kn•u Regular r•vlN* ofF•y *r￿ ¢l•l ront ptop•ty vc*J¥ ft4 Mw**r¢x¥lof du. I non.LYJrlu**1 p￿￿ ¥KI dwW¥ Exxu1￿8 rA8tkM wlhln or*h Rtrrfiw all CMFIERF mlkn•NS durt Earn•rkfvrnl% fry ERF￿￿ M a ra•w4•kn Page 11 TRUSTeE8' REPORT FOR ThE YEAR ENDED 30 JUNE 2023 F￿lUre to Fknwca manag8rarwJ ChKI Exwthe wodu(4S rf*avclJ r8thlnSr¥J h and the c8plal Falure lo upaat• or*r8tlr•J sy*6m•, y syjlm •Thl Chw IBIOSFknA¥4r•l ufv Al Tru•t•8• CN•l Ex￿1￿• •ThJ F ProF•rty rknrlpd Inc• Ctsnylon rAw•d byth• UnW Kkng- dom'i •¥*fr￿ lh• Unk•) Ex•xlh• aTrJ SMT onfr Gljbal ¢OWD-19 Par•J￿￿ rw HtyJsh9 kjent ￿b￿n9, , M*rl•kn PPE *Jth¥ sImJh￿tr me. Invegkneffl InccThe and ovw 0￿y. In 2022123 Ihe ch￿ty ha$ d¢Mgr8ded many of the risks Ih81 have previously ￿Ored above 6 on the register. Thls is in part due to the abatement of the par¥j￿1¢ thgh, COVID-191s sfill very much ¥￿th the c*arity and gfven the nature of the chwty's aims1￿uSes dent group risks tt) them ran81n hlgh. The charity's On￿ rmv rlsk relatss to that F*ve be￿ kjentlfied in th8 chantys hlstoric le8888 Thes6 Issues are ￿rrendY bewig evaluated arKI resoWI a combinalK)n of the charity's soliator5. com merual propety m￿agem￿t agents and the Trustees of the kyoperty committee and while we 8xpect leg81 cos18 to Incfease ￿ do not anliripato Mthi￿ ths because of the L8sues. Page 12 HARBWE PARISH LANDS CHARrtY TRUSTEES, REpoirr FOR THE YEAR ENDED 30 JUNE 2023 Code of The charity us8s the NaUona Housing Federation'8 Cod8 ofGovem•Ke. Thg thar1ty d80 me8sures ltsaifevery iwo y88TS against Ihe Charity Commls8ion Gc¥Jd Go4*manc* Cod8. The chadty is r8gisl8r8d with the Funth8181ng Regukgtor lkn•mer, Ihe chartty dld not undertgke any fvndralslng pAMties in 2022r2023 ether (threctty or through a 3TO paty (Yg￿1¥8￿0n. Tho tharlty dKI rlot employ any profeB- sional fundr81ser5 and the charity has not r¢¢¢ivad 8ry complaints ab)ul ils fundraising actfvilies. In this context tha charity has not needed to tskè any action to protect vulnw8bl¢ pwl6 hch¥ever should fundralslng be¢oma prforfty In the future the ch￿ty will 8n8ure It h88 robu￿ methods for prOt￿tIng wlnerable peoplo wthln the ontext of fvrwJrni31ng. Th8 Tru6ts88 have overall re¥py)sblty for tho th￿￿8 sy8tem8 of Internal control Ind tho Fln8r*c* 8nd Audll Committao rev￿wth0 effectiV￿eSS ofthe5e systthms anNalty t￿￿￿9h ts chwty'8 finance 8nd audltcommittoe. The GhaW• InttTrmo1 control 8y8tems ￿ dèt8118d kn thè Ch￿.¥ fina￿￿1 rules 8ThJ regulations Ond wns18t of.. A ejeaty defined Structure th delogakn8 aulhority. and a￿oUnt8bllHY for flnanclal • tlvity Indudkng responslbrfty for kntemal A clear and effectNe Fxctess ft>r budgetiTrJ arKJ r4x*Ung, b￿￿gets ernl perfomonco agoin81 Ihem, are monitor¢d through the ffinance a￿1 0￿j11 ¢•mmthe and the full bo8rd of trus*. me•Ung8. Inveslmenl evaluation pro¢•ss with déar p8rformanc8 benthmwks and Ind￿￿tOrS. Regular ril( review proc889es tho1 dètall Iho 8rn8 of rfsk and thg Steps the ch8rfty and Its Tru8too8 have taken to m￿gate th0￿ rok& Thè char*y'$ 8pwinted Inlem818LKlittK, Va￿dera, audtts 8sp8cts of the ch•rity'8 intomal Lyjntrols annually. Thi¥ year Validera completed an audit of the charty'8 •ivestment mana9gmont processes. The report asserted Ihal the chwity's prowluros provided ade(w•t8 assur￿ bul recOmm￿(￿J. The charfty revis￿ and refresh its Statement of Invèslment prhYAt*8 Enhancé the rewong from the th4nty'8 FXCWty agents Publlc The Trustees L* the Harbm Parlsh Land5 Chwlty ensww thgt all d&*loM are mod# In accordance ￿ryth tho ¢hariWg wrpose, are for p￿*11¢ ber￿fit{lmth the except*￿ of Ind￿Ual uT8nt approvals), tako into conslderatlon the Charity Conwni88ion'J guidance on public ber*fft 8rrfJ are in xcordw¢X vAth the Charfty CorrKni88ion's gen- er81 framework for Trustee de¢i8lon mthwvJ. Tho ¢h8dty makes dedsk)ns In ways that manage rlsks or hwm lo tre tharity and boneficlades conslslenl ilh tha purpose ￿ the th8rity 8nd makes dwa8ioM k) ewro th*( CArtskl8 of thè Inthvldual grant progr8mm•, no pgrsonal ben&fil is more Ih8n incidentAI. The obvi￿5 exception is the ¢h•rW8 ln(IWu￿ grant &Wr￿rne of£41,864 which provkled relief to pgople in poverty and cxtsls in ts ancient Parish of H8thme ar¥J Ihg Q5.000 Spend on the wnter hardship gronl prgramme. DKi$ions m&le by the Trustaes regarding th& Indwldual granl prc¥yamme vn still cnnsislent wth the chjnty's purpose only Selsfy the 'b6nèfft' aspect of Ihe Publ￿ b8nefft requiremenl as detsiled in Charfty Commi881on guKlon¢6. Page 13 HARBORNE PARISH LANDS CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 2.0 Achl•v¢monts, Perfornianc• and Plfrn for th• Futurn 2.1 A R•port from th• Alm•houM• Commllt•• The Almshou8& Commhtee contilL* to gwj qudlty 8c(xxnmodation to 118 benefid8fie8 in th8 fNa sthemes that have: Dore House, Harb Ftr8 Close, Smethwi Harbjme Cottages. SmetrTh LArknfidd. Smdh In the la8t yew we have let 14 fiats to aPp1k￿ and Stll have 34 pwla on th8 waiting lisL Thg average length of timo frc*n tho applIc8t￿n boffig approved to an (rflef bthg made 18 156 days or 22 w88k3 Ilhe same as18st yoarl. From1he ilme a vold t￿OMeS av8i18blg ￿ en¢JeaNw to havo It kt witr¥n 21 wOr￿ng d•y8, the re4et Ime18 al wesent IS 19.8 day•. Cw•nt arr•w8 aro 0.0% on anrnHI agalnst a twgot fvJur• of 2.5%. Void108606 and bAd d8bts ts 1.53%% agdnst 8 t8rg8t of léss 4% {0.49%18s1 yew... this Is likely becau88 3 of thè vold8 ￿re filled Inlèm81 tr#nsférs whlch giv•5 u$ doublè thè Void thpeks alch nèw rèsidént comlng In, Dudng th•18sl flnand81 ya8f. th8 rthArfty has £1￿.208 knyo%lrwJ th• almshouses. FITr Close- Repladng da**Jkng ond maktvj the ffi shaft watww Dorn Hou8e . Cleanlng and mlnor r*r5 to the thalns HarboN* Hou88- Ckonkng and mlnor rep81rs to the drakn¥ Installlng new 8ecurfty gates Re￿8¢In9 tho floor In the lawthy rooms. Fitt•d rvw in main IouwE Dore Hou8e- r th8 ftrtwe The Almshouse Committee conllrvje to make knwO¥em￿ts to the ￿riou5 8(thffi￿ In Hart￿ff0 ar*J Smeth￿￿ ond have the follwNJ Flans fty Ilw futsTe: R8cruIt Acltv5ty CoordlrAtor and Hr￿￿0￿ Officer. Hathme Houge - Resurface the car park (delayed in 202V231 Refvrbish 4 Show Ro￿$ C￿l￿ting the CoMM￿al Into 8 ThwJftihxKkn ¥a¢x. Repla(3ng hlps. r*es arnl evas C￿ the roofs C(￿Verting some ofthe into a Wikj Fk74•w Garden Page 14 HAR80RNE PARISH LANDS CHARrrY TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2tr23 Ftrs Close- ReplaclryJ hlp8 and on the Roof Roplaclng the windvws Assessing optiorts for fepladtryJ the p18ttorm IIL Repladng the ffloor in th& taun(try room. Dore Hou80- UpgTading Ihe CCTVcamera8 Repalrs r￿￿al of Jtorn Victor SilveslBr MBE Chak of Amshous6 Commlttea 22 A R•port from th• Ch•rft•bl• A¢tlvlty Cammltt•• In 2022123 the charity comThAttod £￿0.878 to 4.538 benefith￿ Grants totsllkng £230,657 were rn￿1• k> or- ganl8allon8 9pIII acr08s the followng wl wlodlles.. £83.225 was sp￿t ￿ 7 grants 8uppLvting for cAd6r people £58,181 was spent of 5 grant$ suppNtkng debt and money man8gamènt ser41cos £80,188 was spent ￿ 4 grants ¥upprylin9 for*J and hwgehold goods dlsldbution ￿p¥1( £29,080 w85 8PWt on 3 kvants SuPp￿Ing provision ￿ 1 &24 yaw oid NEET (Not In Edwlon, Em- ployment ¢x Tr￿ing> prov1￿On or prokniw￿ for Iho¥e 81 rlsk of twJming NEET £41,864 wa8 gpent on th? charivi indl¥*lLsal grant rKogr8mme: £18.803 supported 83 beneficiaries with 27 grants In 8lmh¥Jham: and £28.222 supyorted 122 b￿￿￿arleS with 42 kv8nts In Smètw. 88c8u8e of th8 axceplon ImpKI of tho (a)81 crt Imng crtsls on the chwty'8 almshou888 residents tho trust00 dosigned 8 ￿nter hardshl) grant for the rosidents Ihg charty's almshoL￿O3. TNS grant comprfsed of 5 pay- ments of£50 e￿￿ month befvfftn Novembgr 2022 and Marth 2023. £25,000 was spent on tho whnter hardshlp t progremme". £9.600 8UPPOrted 38 IndhriduÈl$ wllh 38 grants fft 8irnthghgm £15.400 supported 65 1ndm￿alS S9 smetFMf￿k The low largest grants mode by the tharlty In 2022r23 8(wunted ft￿£90.￿ {32%) of tho charW8 grant spond and 952121%} of Ihe benefi(iori&s rathd. The8e gr￿ we dgtsil#d bel¢)vr. FOC￿ BInnIng￿M Focus BwmirvJh8m requ8sted the kv8nt to continua the work of the Communlty Worker who covers th8 HPLC area. TNS work9r carries oirt home assessmerts *ilhin 72 hourn of 8 rvferral to estaLllsh vh)at hslp can b6 offered. such a8 benefits a￿starKe or enrolment onto an eye contact irrfomalion course. Th8 Community Worker also njns weekty sodal groups ￿ Hathmo for the wsually wnpa1￿ (and Ihoge wrth du81 sensory l¢)SS. where hearng Is an Issue too), vtho gttend coffee mornings and enjoy a variety of Bctmues such as singlng. qulzza4 genue exerti￿. as wdl 89 the Ic* p￿PIe vAth simllar c(mthtlons to sociali58 tcgelher. Women Actlng In T¢)day'¥ So¢lety IWArrs) WArrs used Ihe grant to defv8r 8 financial health Kvogramme forw￿en arn Imng at th8lr r￿uge in Ihe Andent Parish of Harbome. They also del￿red a ffinarKial hoath programme tr V￿Men who are survtvors of or at risk of domestic atyjse. They repwt that Ihe prThary reason the women they V•rJrf( wilh stay in 8busive relation8hip5. is Ihat they rely on thek partr*rs for finarwl SUPFQrt. ContrDlling money In o relationshlp is Pa9e 15 HARBORNE PAIIISH LANDS CHARITY TrUSTEES' REPORT FOR TrE YEAR ENDED 30 JUNE 2023 fomi of a)use and thos• wC￿n oftén fed trÈpF& in a reladortshlp as Itw fe8r leavlng WMI make them h¢)m¢. less destriute wth no means of supporling lh￿'T duldr￿. also repwt Iho pondem6c h8s mad8 th8 situauon even harder as COViD-19 lockdowns led to an 81arynirwJ increase in domestiG abuse. Ail•n Famlly Coun¥•lllng S•rvlc• {AFCSI AFCS applied for 8 ￿n￿b￿liOn low•rds thé costs of prDvklng fam1￿. and Indwual eounso11ing in the HPLC catchment area. AFCS eM￿DY Asian cwnsetlorn wlK> wderstsnd Ihe ¢ulbJral aThJ feliglous bgliets of service u88rs, speak a numbw of community Lqr¥Juages. sh8r8 a common wd. AFCS stsle that the mo81 common rea50n lor counsellifVJ is anxiètyldepressiorvpanic altscks often link8d to the stress poorfy managad finantss, ultim•l•ty h￿Nd a rffj8ti￿ Kvt on their •er%fjea us•r8' r•lallon8hlp8. Thelr usual refer- r818 are made thmugh GP surgenes. CAAIHS and h¢•th Caro 8gan¢ies. They also dir￿tty outreach to Icral Ilbrarfes, commLmlty centres and f8Mh4￿ nelmyks. Sm•thwkk ClbWGh Actlon P4•lwork {Sm•thvAck CAN) Sm6thvAck CAN requested a want lo hefp $upport iho costs of a part4mo Fc<*d A¢kn W0￿0r and Food Ac- 'on Cwdlnator. These part.￿me staff I￿1￿0￿ toward8 lgckling the Issues surrounding food povety and th• tr￿p￿t this ha8 on p•opl•8' fv•8 {8uth as saW4st88m. 8odal i8018lon) rathar than lust dIS￿bu￿n9 (ood packs. Tlw fvrthar develop¢d foodb8nk log18Ic8, l￿draISIng and partn8rsNps, and the SmethvAck CAN Foodstom la 8affrye8leem Step away I￿rn ￿ foodbankl, users Lx>ming Out of absolute pov6ty are invrted to p8y a nomind cost for Ihe food they take. 8nd $hop for thew specific needs. as opposod to slmpty I0￿ng o food porcel. Ffy)d Acllon Workef 0180 managed thg Sm8thw￿k CAN Gr(w communlty allol- ment Scheme, encouraglnq seNt• ￿*r$ kn grtyw thelr Lhvn l￿d. b￿thg ho8llh, wellb8lvJ and sodol InctL slon kn the proce88. In 2023124 the charlty plans to.. Spènd £215,000 on grnnts to organigallons SFWKI £SS,000 on grants lo indi*AduÈls Increase the communty 1rNoN￿onI n the preparakn of tr* gra'nt straleoy Develop a rotW8t PTQCO88 to addres8 I￿ iB8uo of k*(xeaslr#J Nmbws of 88lf.r8ferras Rachol &lb•r cha￿ of the Chaiitat40 ACW Commitkno 13 A R•port from lh• Prnp•rty Commltt•• 2022123 has been 8 I￿SY yew for the property commlttoè. Th8 88dier part of the year was dryniiated ￿1th embedding the in m￿gift9 ag•ts and r•Ly)ncilkng tho outgolng agents dosing dats with the posiOon th8 nv•V agents inh8rit8d. Thi5 was 8 dlffi(yJlt time and revealed a number of unaddreswj maint¢n•n¢e i86ue within thè chantys restd&rthl 8ststo that our re8hdontial agonts have worked to cotrecl. It is ple8slng lo see Ihol Ixcyety rnoirrtonanGe wsts havp rv)w reduced significanty indicating our estate has been tjrought bod( into top ￿￿1110n. Alongsidg the charvJe in manging agents th8 ch* also rnwe5ted a of IpM18a58s by the charTVs r commerd81 agent. Thls r￿eW Ident￿ed a Tr￿ts8r of hith¢ i55LW that our agonl has investigated, analysed and prowsed str8t8gi8S to resolve. Where nec8ssary the tru51e8s sought arxl ￿￿1Ve￿ outslde legel ad￿Ce. The charity'8 prcyerty investment8 gener*ed £543,443 of wKome', an increase rf2.7% Dn the previous yearfs foure of £529.058. Unfortunat8ty, costs have also incre8wI 8KJnrftsntly to £331.852'. an increa8e of£126,9S6 overlost year. This increase in cost was pl￿ne￿ ￿ted and FS due to the wmplets refurbishmgnl of the ts¥0 of the ch*TV$ residential propth. one whKh was wmF4etwJ in ygar while the other near8 comp tion as we write this rewrL When refurbishgd the rental inc))m8 go￿18ted by ihase prope￿.6S wll incr888e gnffK8nty with the c(ryl*ed so lar rKreawrvJ fr(¥n £525 pw mcrfrth to £1550 per rTK>rth. Page 16 TRU8TEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023 The has revaluad Its invest￿ properlies in 2022r23 8ryJ is pleasgd to rewt that tha portfollo has in- crea88d in valu8 from £10.182,500 at 30th June 2019 to £11.618,ociI at 30th Jun8 2023. An increase of £1,195,500 and even all￿Wing for properties purchased b81ween the vawion the chwity has Still exper enced an kncrease of 16.7% in the ￿)rt[0￿0 over81. Avw yields ¥8 3.5% for resldential pffjpertles 8rKI 6.1% fcrf c￿MMerda1 properbe In 2023124 the chafity intertds to pu￿ orlM> odthtioMI rnthllal properts5 in th& Hartjome aroa for c. £3Cx),CKJO - £350,000 each. The charly tho plen8 to fffli8h the rnlurtxshment ofth• remaiiing prey•ty currenty VLWJ in tha charity's Inve8tm8nl pro￿ty portlollo. After the refwbishmanl expect Ihe monthly rentsl figure lo achieve or exceed the £1550 comparoble pro• wthin ts estate have achiev￿. Thè tru8tees anticipats Ihat 88 time pa5se$ other long-t¢m tenancies Wbthin the charityg estate may •nd. IAtrere th￿ happen8, the ch8rity wlll Initratg the same assessment and relurbishment proces8 on th880 to ensuro the ests10 18 kept in wod order and maxlmum rantal perfcfm8nce Is achievod. Tho d)8rlty T￿olve the last rem8lThng hi8lorie ￿￿8 Issues tho wll on8uro that all docum tion 18 back under rt8 direct Gonlrol either in the Charity'$ Tynd8llwo¢xI'G secure do¢um•nt Ilorage or t￿r• not of ¥uGh hKJh valua or,1￿. h*tork fi1•9 be moved to othw Mcurn knig-term Jtorage solu￿n8. Thé chArlty wll also nv68t in its Hollngwvth Hou8e I￿rt￿$ upw8dln9 ￿ 81￿1 sy8tem and In- stalling LED Ilghllrrfd thry)ughouL Nlgel Thompson Chair of the Property Commlltee 2A A R•port frpm th• Fln•nc• •KI Audlt C4x7wnlll•• men nd Perf 2022123 has been a busy yo8r for tho Ilnance arKI a￿rt c¢)mmittso a$11 hebs to 8toorthe ¢*grfty through SUII thallenglng econc¥nic time8. rf8k framwfk adopted by the nvestmwrt aggnl Ev*n Partn•r•. In February the commntee WMC ratss p8td by aknJhW￿ r8sklents the Fry80d IncTe880 prepared by th6 charity m8n8g8m8nt tèan. The committée insligated a poliGy that capped 811 res￿ent'S uUIty charge inCre￿e to a max¥num of£8.00 por ￿tek and al￿ volunlwity cappgd Management and M8inlan8nce tharge increases at the govemmenl Imposed limit for soci81 housing {88 an almshousè the charfty was exempt but tsit incffja￿ng boyond th* lo￿ could thrnoly 8ffect tho th•ity's r•8Kl8nts) The c￿MIll￿ ha8 recewed an wrtemal audit report frrxn the Ch￿￿$ intemal audm fimi V8lid&ra whKh exanF ingd investment rnanag6ment at the thgrfty. The ￿POrt gab* the ch*lty an adgquate 8ssur8nce r8ting and recornD*nded rece1￿n9 a narrative rep￿1 in Oddilion to the quantrtative data from Ihe property managers as 118s mknor thanges to the reporting 5thedLdes [￿afit property ltsts etol The committee will ￿th the Propety Crjmrnitlee and the chwvs managoment t￿ to implemert tho findmig of the report In the future. The committee has aso con5klered the treafynent ofthe chwi¥s reserves noling that whlle until ￿nlY managwig short term cash investrnent aoxxmts Vlruld cost more than h wwld yiekl. Inueastng Inter85t rates have Made sh¢Kt temi cesh ￿NeStrr￿ ftYAe attradrrfe. As a resuK ts commlltee has Ov￿5e8￿ the Page17 IIARBORNE PARISH LANDS CHARITY TRUSTEE8' REPORT FOR THE YEAR ENDED 30 JUNE 2023 01 £250,000 into thg Ch￿*S COIF inve8lrnrtt accI￿rrt and thg wthdrawal crf£150,1)00 from the char- '8 ca8h re8erve that was u8ed to purchase a mi%turé of drflwont lypes of bor#Js: an m In vthlch the thar. s investrnent portlolio has tradI￿nalty been undepwevJhL The Committee ha8 8crutinised tho aclDiiti•s of the charrty's ¥ivestsnent manogern in¢ludiNJ receiving 4 wrltten quart8ty f¢PQrt5 m8ètin9 w6th inv8strn8nt M￿098TS twite in Fol￿Ary and September to dis￿85 per- fomiance and strelegy. On 30b Jun• 2023 th• tharity'• portfdK* was wrrth £5.168,656 a reduction of £102,079 from Its June 2022 value of £5,270,735. As at 30th Junè tha VMS inv88ted 88 folh)¥rJ: UK Equltles Ov8tsè8s Equitio8 45.1% 14.W• 7.4% 3.1% North Arnork4 Europe l&duding the U.K) Japon Paclfic Ba8ln {Exduding J8p8n) Emerglng Markets 2.1% Bonds 11.P UK Govemmthit UK Index Llnkèd UK COrp￿te 0.0% 2.0% 8.4% ternal￿e A888ts UK Propgty 9.7% 6.1% 0.5% In 2022r23 the portfollo gen•8￿1 £159,140 8 fvbj rf 3.1%. Perf0M￿nCe a9èilSt b￿cthark has bean d168ppdnOTrJ wlth rnalwd pwformarKe tsming to m8tch bench. mark * ￿terVal¥ of 3 month$14).5% 8gginst a berKhmath ofO.1%), 6 morrths {1.2% gg8in51 a benthmark of 3.1 %>, 1 year (1.6% ogalnsl 8 bench m8rk of 4.0%) and 3 yws {4.0 agalnst a benchmerk of 4.7%) althoub the charity notes that perfornance in rn￿h imkyoved vA)en conshjen'ng 5 year timescales (4.IYh ggalnst a benchmark of 3.5%) and •inco the porttdK+'• WWI￿(8.1% agw6t a bwKhmark figufo of 7.8%) Thi$ undorperfomiance aganst b¢nthmork£ has been dfven mosty by the larger th8n 8vgrage amount of proFeTty and Infrastruclurg holding¥ in tho chwrty's p￿trOllo. Nèwty 10% of th• Charit￿$ portfolio 18 hold in propety and infrastructure funds and at rnsent many of these are tradiry at a subskntial discount of ￿tI￿n 13 8nd 30%. In part these thcounts are being (tri￿1 by nryeosed LxNnpetiU¢Jn from bonds whlch have roF centy started to off8r investor5 and even I¢y4•W rfsk a￿eMaI￿9 lo propety fiJrKls fly Ihose with Income de- monds but a lo*Er ap￿rte for risk than tyuitles wesenL The tr￿te0S slill believe that holdlng these furKI$ is tha rfght lorvJ-temi str8t8gy nollng Ihgl Ihgre are not any StrU￿ra1 issues wlth these funds (rents arn rlslng faster than ant5c4patsd commercial void ral8s are slaywbg b)wl and Ihe trustees ￿rtI￿pat8 better long le relums fmm FKopty fLAvJ8 as well 88 lawls ol lo b￿d$. The Trustees have appointed E￿tyn Partn•rs to manage the charity's In￿Stma￿ pththlio and have 8etthe firn the follchwng obpclives: Page 18 HARBORNE PARISH LANDS CHARirY TRU8TEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023 The uealon of 8 SLrffident finarKial retym to enable thè Chartty tt> c•ry oul 118 pufKX%8S eff8cUvePy and viithout 1ntam1p￿n. The malntenance ond etharThment ofthe inNtsknent fvnds ovtr the long tsrm. To obtain 8 reasonable balwKo bet**w capital N)oynti so that tha Charity can meet fu. ture as VAryII as current needs. To maintain 0 madlum rlsk woffilo. The Trustees, polcy Is to invest in an Approfvte mix of wl 8888ts 1.8. oqulties. fixed Interest se￿￿tles, alter• notive 8sséts and monetsy as*. Trustees recognrae Ihat Ihe Tebjms ￿ equilios. vthll8 expectsd to bo greater over the longor lam than ttM)se of fix￿ internst and monetsry assets, are likety lo be more volalllè. rnvestment In 8 mlx d a￿t d88ses should n•v8rttr￿ wovldg the lo¥d8 of ielum requlred for the Trust to achieve its obiodNe8, ￿lIst Mitiga￿rwj volatllty. Future Plans In 2023124 the ￿mM￿O 16 lookJrvJ for￿r￿ to rec*ith9 ts)temal autht re￿rtS on inforniation 9ovem8n¢8 and tha ICT 8tnxture of the charty. These reP￿S *ill b8 axtrematy Ilmely a￿1 will allow 8Xtem81 scnrtlny of the haiity'• ICT upgr8do plam. Tha eommthe will th (w¥80 th• ￿Poin1M￿nt of o replacemont IT contractor ono• th• ¢h•rtty'8 k￿9 rr provKl•f r•tire8. Tha committee wll COn￿nu0 to monltor the perforn￿ of the chanty *iv88kn8nl m8n8gers I￿11 receivo reports and 8tr81ogy upd8ts# In SepteMi￿r 2tr23 and February 2024. The tharity So￿ to move addltion81 lunds inlo bonds though tho Inwstmenl managers 81K)uld bè conduin. In FebnJ8ry 2024 th• ch￿ty revlew tho maiitwlance Ewor￿881 to onsuTO tho charlty18 bo anckng the ffinandal capabllith'es ofts resKlents ￿6n$t tr* ￿One1a1 ￿bIlIty ofthe The committ•• wll 8160 ￿)0k lo rn0￿ morn of the ￿Bb into Mly acce88 in￿&t￿nt a￿￿nI# to maxim18e the rebjm of th1$ morw. The c¢mmltte• wll vKrf( with tharity'j •taff tewn *KI prDfe8sK)ns to finalty complete th8 proce98 of incor- poration 8n8urino that the chariV$ rngi•lration with the Regul•tor for Social Housin9 16 novated to tho now cor- porate Iwstees, TUPE transfers are made for exllng 8taff finaly req￿sted o ¢Joèd of Un￿ed iJlreGtb)n from thé Charity Commlssion. Finalty. Ihe charity VAII upgrade bts onllne b￿r￿j systems to better m881 Its day to day need8 and avThd i5sUO that ha￿ recenly presenknl regwthrKJ onllng wymont Ilmlt Frank Wayt Chair of the Financa and Audit Cc4NnKt Page19 TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 3.0 Fknancial Rfrvl 3.1 Flnan¢lal Po¥ltlon Th• Charfty's Incom• 22-2 Th• Charfty's Exp•ndltur• Hc•N the irthm6 WAS ntln FI￿claI Invesknent Ino)me Ir￿m0 from InN*stsnert Prop8r- ties Hou8kng Acb%fjbo• Olher £163,636 Grw £355,446 £1.045.227 £956.S29 Go¥Bm8nc* InNp8tment wcperty manag ment Fwlaniial in%*skn•nl m•rAg £68.355 £331,851 £30.308 £1831 185 Balanc• Sh••1 V8luè of 4880ts11080 Ilab114déB) of Is ghm bok Housing Properties Land, fixtures & fitting0 knvaslments (stocks and ghare8> vestment pfopertie8 3.e￿.038 5.168,656 11,143.1)00 Sutso¢ Current asg•ts18s5 Ilabl1￿e9 Credltor8 (due over mm> tlwn ¢)ne year) 1.942,464 (64.719) Net A•Aets Page 20 TRUSTEE8' REPORT FOR THE YEAR ENDED 30 JUNE 2023 32 Commentary on lh• Accow 2U23 has teen a th8llerwJing y¢arforthecharlfy. Thecost of1￿1￿ and Investments in Ihe portfolio have increased the ch¥rty'$ Gosts the Opport￿lts.8s to Incrvase the charty's Income have bean more Ilmlted. Total income h8s Increased by 6% from £1.￿8.349 In 20211f2 to £1.663,969 in 2022123. Incom8 growth has not kept pace Nbith fftflation over the same fram817.Wth} and has been cnrtslderabty oul¥trippad by expendl. ture costs wh1(* have risen 21% from £1,510.657 to £1.831.185. Th15 Incr888e In expervjiiwe InCI￿leS £247,432 8￿t refvwts8hlng vokl unlts in the ¢horWs prop8rty hwe8lnwnl portfollo. These one-off costs will not be repeot•J in fvlurn years a￿1 on Ihis b8SiS the ch8rtty had budgeted reduction in fiJnd$ in 2022r23,' the lknanc4al rèsults We nol WXP8L#od aTrJ 8ra #idkative of slgnkficanl InVestrn￿t In the charl￿$ inveslrnent propertles to securn highw194￿Ls of fv￿re ino)mé. The ¢harty'8 arffjy c08ts have olw rllon siwifi¢antry Sn 2022r23 with ga¥ prfces kncreaslry from ¢.7￿Vh to c.9wKWh and eloctrlclty prbces rfsing from c.18Wth to c.2WKWh 88 contracts originally negotlaled in 2018 finally come lo an end. Staff and ¢ontral costs have Incrna￿ as but onty in41ne thryth in11a￿On and have. In al terms, remain￿ bro8dty stafjc at £387,503 an incre85e of 4%. In year, tho <*18rty ha8 red￿•d its thondd poslkn by £167,216. Whlle the Imm•di81o woblems WKI dwnand8 of 2023 ha￿ a118cted th• In year opornlkng POS￿¢￿ th¢ révaluation of the charity's propety PO￿￿10 has m￿leaSed its v8lue by £929,417. Inve8trnent Fwfvmonca has￿￿r￿*d to F¥88ent th8118rys wlth tho p¢yttdlD value redLKJng by £102,078 h¢)w. ever it shoukl ￿ noted that In spite of unrolea¥ed loss•8 Incomè from th8 portlollo to$ hgld up wall 01 £163,63e. 3.3 R•Mrv•• It Is the chari￿8 Olcy to IvJkl 6 rr￿h&. oper8Ung 9￿?￿1￿￿1£91s.Sg2) and 12 ￿KIntt￿, malnt•n8nce éx- penditure1£221,806) li reservg kn the form of cash. As of 30 Jur* 2023 the tharfty holding £2.145,804 In ¢8$h and 8 totsl of £7.314.520 ￿ eithw or 8881ty IquKJatod knvestmonts. The charity hold8 £221,8C6 of ttI8 cash aTrJ £221.￿ of th8$0 ea8lly I￿￿dated inv98trnents 81 8 deslgnated planned maint¢n8nce find. While the chwtyi r￿rVeS pthky and plonned m8lnt8nanLY fimds rnll# fc* £1,128.398 of c88h and fvrth8r £221.8C6 of 9asily liquldated investrnents Ihe Tn￿tee5 ￿ emrgnuy holding more In antSdp8tion of Purchaslng addllonal r￿ld￿lIA1 wopwtie¥ 8$ detsllod in the report frc¥n th? propety (yJmmitt88 (£6CKJ,000) Future relurbishmenl of retumed h￿g temi resNJ8ntlal lease8 (£250.¢h)> P￿￿$10n for rlsks Id￿lIfied on the risk reglstw, SP￿al￿ Y￿lfare refomi ArKI h15torfG lease em)rs {£2tsJ,000) Taken trjgethor these provI￿On8 c￿• to £2,178,39B TwhKh o dosw ta the charit*8 cash res8rve. In Ilght of Despite movvw ￿$h into short 18rm easy access acxomts kn 2022123 d￿n9 2023124 the ¢tharity will ain lo move ￿ addluonal £51￿.000 into 30-day aGGounts to grn8te rthrn5 on YA)at Y￿Uld otherwls8 be inaG. ve money. Page 21 HARBORNE PARISH LANDS CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 O Valu• for Ilon•y Value for m￿eY {VFM) b theys at ts f￿tr£￿rt *t)en managiw ts dèlivwy af ow charitabsg missK>n and otyeCti￿. For HPLC VFM is M￿MIS1ng i)ur value to: enable our wdents to Ilvè indèpèndanty In ￿ 8￿ronment that IrroroNw th8lr he•lth and w8llb8lng, Ihus lessening Ihe burden on the NHS by TO(kong the ￿ for GP and hosrAtal wsits WKI admi8sions to caré IbJm88. $upwrt tyjr widfrd 3.58 0.46 .81 tM*m•rtln kn• •rpJ th• that rth ¢hWt4f#lOgrts 8LKh WPPDrt ofv IRSH 1021 EBITDA M la5 a p*¢•rt. aqe ofknts 1111 Th• tr•rV• EBrrL14 MRI MUr•J hats b rAVJ8•0fthe d•fid¢ y•ar. TM m•hM*lnB •ufficbènt Iquidty re￿￿* 14e.oyh 41.87% -1954% WA IRSH 1031 11 O•thrYd (RSH L** l• bb OM Smal arvj thtr¢xrt¥tsr¥Jkno -￿.1 47% -s7￿* WA IRSH 2031 N¥￿* SUFpty of unb unl8 yw. Tha Ik• tode¥81gp xthl h￿￿r¥I ur*E bLrt rnqUVB5 grpRtW fvjbjre thyms befDre MIL The wklng l& e*atlL*h8d onthe b88b of h auo of In￿ s dol h¢x untsP IRSH 2041 1111 11 nwo¢W unrt8 In 2021rt2. Th• r•r*Jng NIA *JwJ k• c4K PJrtk4b. Ourrnr*Jw SI￿the th•rlty 4.69 2rvJ IRSH 3041 wanme kn fiA pDHt￿djrn1C Pa9e 24 HARBORNE PARISH LANDS CHARITY FOR THE YEAR ENDED 30 JUNE 2023 M•trlc IA• defflnod by SPBIA R•nk Icxrt $od•l *al EmF4yl IROCEI % 1111 Tr) efflk4tr￿d i¥ • bM*J*ts oftsdutrAL*L*•J tyth• knvulm•nt I lh• 1VA 4.12% 4174% IRSH 4011 11 ¢yBuqd sbJl•y. ThL* * ro1￿Cl￿ ofth• IrK¥••wd •mow*olr*l yro ar￿ hoJ•kng (ost ur*1 1111 £10,146 £1Q £11.440 lo arn nL* HB •lNlble m*•r t￿tth• WMC r•Thikn• wkh IRSH fj011 9• oIEin.84 W• m19MAknoBtde￿h ou •$ pro￿￿ to ZBVM arn ub- thBtgou •Lvrt ofa •t•n Thls wll ￿ the1•8t yearth8t the chwity ttM$ 8uhe of VIM m*lcs In this fum). In 2023r24 the ¢hority will stsrt using new tsnanl sallsfacion measures as part cl the Vfm statement how8vèr. whlle compar81or dats may ceas8 to b8 av8llable thè tharfty *ll continu? to rowt of pthmance against some of th88e metrics as wg think they are relevant in as5es5ing the mr perforynance of ts ¢harfty. Page 25 TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 D18¢108urn of Infomiatlon to Audltors Each of the persons ￿tr￿ 8fe Tntstees 8t the Ime thls Trustees, Rwt Is approved has confimièd that., so far as that the Trustees are wware. there is relevant audrt infomiation of wtht¢h th6 tharfty'8 authtor 18 unaware., and the Trustees have tsk￿ 81 stsps that Ilw Wt to hwe tsken to m&*e them¥efrth awara of any relevant audlt Inlorm8tion 8Tr3 to e8tablsh that the audtor Is aware of that Infonna￿On. Awlltorn Th8 audlor#, cru￿ UK LLP. hove inthxtéd UwirTMllvwn8ss to con11n￿ kn ofllce. The deglgnatfjd Trustees proposo 8 mo1)￿ to ￿[pOInting Ihe aLKlits at the meelwvJ of tr* TNsto8s. Truste08' ropoit In¢orFMxaOrYJ a strthgk rewt Vd8 apwovthj ty rxde*oftho Boord of Tru8tee8 81gn8d on th8 knr(1'8 beh*f by: MrD chai￿9n Date.. 21 December 2023 Page 28 HARBORNE PARISH LAND8 CHARITY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2023 Trust¢e8 we respon￿￿￿ for prep2rirvJ ￿ Tru&ee8' rep¢xt and Iho finan¢lal *tatwnents in aCC￿danCe vthh applKable Iww and United 1fjrQd￿n A￿n11ft9 Standards {UniW King¢kn Generally A¢cOp￿d Accountlng pra￿Ce). The I￿ ¥plKablo lo charitits in Engl￿d & Walès requires the Trustges to prepare financlal statements f¢y each finar￿181 year vthich giN* a true and viww of state cf affairs ol the Charity and of rt8 incoming resour￿$ arKI applicalwi of re80ur¢e8. its rKLYn• •yp8nditur•. for that period. In PTep•rinp th88e nancial statements. the Tru8teeJ are roqu1￿1 to.. select Suitsb￿ &countiro poI￿les ￿ then appfy con8Ntenty: obsem the methods and pmciple5 of the Chwbt*s SORP (FRS 102): make I￿{g¢M•n￿ and accounting e61*nats8 that arn reasonablo and wudont., stal• whether ¥Jpli¢able UK Accountlng Standards IFRS 102) b￿n folkMEd. •ubject to any mat•rhl d¢partures di8ck)Bed and explainwj in the fin￿¢181 Stateme￿., prnpare the fina￿1•181818m8nts on thé golThJ &)ncem baswi unle81 1 ts Inapwoprl•te to presume th•t th• Charty *il ￿ntIn￿ kn b￿1n6￿. The Tru8te•• ar• rn8pon8ible for k•wiNJ edoqu*• accountiw racord8 that arg •uffici8nt lo Shw and explain tho Charws tr8n8adv)n8 and d18cl￿ I￿onable accury at •ny t#no the ftnanthl p0s￿on of th• Charfty Ind en8ble to 8n8ure that th• fin8nci•l ¥tatwnort8 compty the charrtI￿ Act 2011. thfr Charity (Accounts and Reports) Regulation8 2008 and pro¥i8iw of the Trust d•od. They ar• alw ￿ponsIble for saf•]uarding th8 a88ets of the Charty and hence for td(ing T•JJ(xthl• •top8 for thè prevention and detection of fraud and ¢Jther irregularitjm. Appro4*d by ￿der of lh• ffl￿b¢￿ oftho bowd of Tru•te88 and signed M ts by.. MrD Chalrn)an Dato.. 21 December 2023 Page 27 INDEPENDENT AUIXTOR% REpoKf TO THE ￿MBERs OF HARBORME PARISH LANDS CHARITY Oplnlon We have audited the fina￿141 ststemerts of Hatknm Partsh LarA18 Charity {the 'chgriVI for th8 year end*J 30 June 2023 wthi¢h comprise the Statement of financial xINit￿. the Balance sh881. statement of ts$h flows and the relat&1 notes, includiThJ a s￿￿rnary of signifiwt aC￿U￿ting polici8s. Tho finarKial reporting framework that boen applied in their PTepar*K*n 18 applK4ble and United ￿'ngdorn Accol￿ting Stsndard8, including Finanual Reporting Standard 102 'The Financial Reporbng Standard applicable in the UK arKI Republic of Ireland. {Unitod ￿ngdoM G•noralty PKc•pW Accwmng Prnctice). Tho financial thments hm b••n propwed wlh A¢¢ounting and R￿orting by Chartheo preparing their accounts in &cordance with the Fingncial Repry￿9 Stand¥d$ applbcable in the UK and Republle of lrnland {FRS 1021 in prèforen¢e to tho Att￿an￿'ThA aThJ Reporting by Char*i88: Staloment of ReGommendod Prn¢tu i5su•d on 1 April 2￿5 whkh i• r8ferrv•J to in thè extant f•]￿•1￿+￿8 but has bogn withdrowm. ThlB has been dc(￿ in onl•r th• accounts to prniide • tru• l*r in a¢¢ordonco wlth tho G•n•ral Accepted Attountirwj Practice •ff•cti¥o for rewting peri￿ b•glMlrvJ on or 8ft•r 1 January 2015. In our oplnlon Ih¢1kngn¢l•l •tatemeth'. glw ¥ tnM and fair of thè 8tat• of the chwW4 thlrn 88 at 30 Juno 2023 and of Its Incomlng reuourcu 8ppli¢4tion of r•wrc8s for th•n end•J.' h•v• b••n proprty pr•p8r•J ￿1h Unit&J G•nernlty Acc•ptsd **CO￿tIng Practice,. and have beM prepwed in accothnc• with the requwem•rts cl th• Charli88 Ad 2011. B¥1• lor oplnlon W• eonducted our •wJit in •cc(xdanc• *ith Int8malional StAThJard8 on Audrtlng (UK) IISA8 {UK)} and applicabl• kqw. Our re8pon8*ilitie8 under th08e starKlards are fwtheT d￿¢￿bod in the ALKlitorfs wpon$lbl1￿os for the aud of the financial statements sKtion of our reprt We are independent of the charity in accordan¢o tho eth1￿1 r8quir•ment6 that •[• r•l•vanl to wlil of fina￿4*1 8tatemrt8 in the United Kingdom, including tho Finanaal Reporting Council's Ethical Standgrd, and wa h•v& fvffilled (￿r oth&r thlc81 re8pon6ibilrtwJ in accordanc• wilh th080 rwuimments. We bdim thg evidence we hava ct*tw'ned li 8ufficienl and 8ppr¢)priat• lo provide a ba818 for our opinK>n. concl￿10￿# r•l*lng to grAng concern In auditing the finan¢to1 stat¢m•nts. have Cond￿￿0￿ that the Tru8tO88' U8e of the going ¢onc8m balis af a(wunling in the pryatw)n oftho f￿ncIal statements io apprcpr Based on the WO￿ ￿ haN* perfomied. haw not identffied any material uncertainlie5 rnlating lo events or onditions that, individually or coll8ctivety, m8y Wt ¥iynffic8nt doubt on the Char￿￿8 abilty to continue 85 a goin9 Concem for a period ofat least Ivnlvè months Irom whan th8 statoments ar8 aulhorised for i88ue. Our respon￿bilItieS the of the Tnjstees vAth r•Gt to gowvJ corKem are dewibed in the r8l*Ant 8ecti¢ns ofthiy rwrt. Page28 INDEPENDENT AUDITOW8 REPORT TO THE MEMBERS OF HAR80RNE PAR18H LANDS CHARITY (CONllNUED) oth•r Informatlon The other inf0m0￿on comprfses the informakn th• AMu&I reyl Ltherthan the financial Stat￿nts and our Auditorfs report thereon. The Tru81808 are responsible lor the other information containod within the Annual report. Our opinion on tho fin￿¢181 8l&ements does not co￿[ the other infomation and, •xcgpl to the extent othe￿188 expliatty Sta￿ in our r8port. do not •>¥ress any lomi of 8s8uranco conclu$ion th8reon. Our r￿PonsIbl1fy r6 to r8ad the other inft)fftwtk?n t￿. in doing so. conwder whethèr t￿ othar irrfom)ation 18 matorial￿ Inconsistent wilh ths financial Stat￿nents Of ¢)ur kn¢y•A¢dga obtained in th8 course of the audlt, or olheM8e appearn lo be mat8rialty missiaed. M wo such material incon8¢5ttsncl•J or apparent material mis$tsl8mgnts, we aro required to dotom￿a w*￿th￿ thi$ gr488 ri8e to 8 materfal mi88lat¢ment in the finandal $t4tements them88fve8. If, based on tho work wè habp perfom)ed. condude thgt th•re 1$ a material ml88tatement of this other Inform￿10￿. rnwtred to r•wt thatf&*. We ha￿ nothlng to r•port in thi8 r•gard. Matt•rn on vknl¢h w• arn r•qulr•d to r•port by •xwthn We have nothing to f•POrt In r•8PXt of lh• fo*MryW matt•r• Chwttl•s {AccountB and R•portol 2008 r•quirn8 ￿ to rnport to you rf, in ow qiniL)n.' th¢ Infomiatkni In the Tru&•os' r•port li IKc￿l￿1•rrt In ary mat•rl•l ro•pect wlh the fifi￿CL81 statements., or •uffici8nl accounting r•cord8 have been kep( or th8 financial statemellls •r• not in wlth xCo￿tIng records •nd retum4: or have nol rKeiN*d •ll tho Information and e>planaIv￿1 wuire for our aud R••pon•lblllll•• d1ft￿t• A8 explainad morn fulty in th6 T￿￿. refjponsIy￿ljOs statWT*nt, th• Truste￿ are resp¢￿sibl9 for the preparation of ts financb81 statement$ ¥th￿h gi¥e a tru• and fair viww, for Such intemal control as tho T￿￿tee8 deterniino 1$ ne¢e88ary to enth the pfepwation of finwal staten￿nIS that are fr•• from material mi￿t￿￿￿onI, wttether du• to frwd or wror. In prwjarsng thé f￿￿¢181 Jtatemonts. the Trujtees ￿p￿S1b10 for a$$wsiThJ tho charity8 abilty to continuo as a wng concam. dithlng, ￿ aFpfic8blè. mattwa rnlatod to &w+g concem and using tho goiig concom ba¥ts of a¢￿)Untirvj unl¢s$ the Trustees grther inlerNI to li]iMdatè th charity or to ce88e OPOTalion$, or have no realistic dtoma1r￿ to do SO. Page 29 DEPENDEKf AufATORE REPORT TO THE MEMBERS OF HARBORNE PARISH LANDS CHARITY (CONTINUED Audltot• rn•pon•lbllltlM for th• •udlt of th• flnwKknI stat•ffl We hav8 b88n ar4)olrled al audit￿ under seclim 144 af th• Ch•iib8 Art 2011 and report in accordance with the A¢t and relevonl regulalh)ns mode w h8￿ng therwr￿. from material miSstat￿n8nt, whether due to fra￿ or error. and to i88ue an Audrtorfs report that indude8 L>ur opinion. Reasonablo a88uranca 18 a hyh le¥el of assurance, bui 18 not a guarnfttoè that an audtt conducted In atrnrdonce with Is￿ IUIQ wll det￿t a maten81 mNlatem8nt 0￿$ts. Misstatements Gan 0ri8& from fraud or error and cons#lerod material IF. kndNwJualty ar in th• aqortyat¢. thay could reasonabty bo ected to infiuenc• the ecOr￿M￿ doci8ion8 of u86r8 takèn on ba•18 of these financial Statements. Irregulariti￿. Induding fraud, arn Instanc￿ of nonn of fund¥: Total fund8 brought lorward Ngt moveThnl in funds 6,242,771 16.S64,186 428,515 21Moe,963 690,843 22.184.219 (37T,256) Tot•1 fvnd• c•rrl•d forwwd 504208 15,9917IXI 22N97,906 21.806,963 The Statement of Flnand81 Acti¥itseJ Ir￿Ude$ al gawis WKI Iou￿ rwnised in the year. The noles on pages 35 to 53 f¢Ym part ofthue financaal Page 32 BALANCE SHEEr 8 AT 30 JUNE 2023 2023 2022 Fix•d assots Tangible a88els Investment property In￿lMents 12 13 14 4,308,505 11.143,IJ01 4168,857 4,343. 731 10,213,584 4270, 735 20.620.183 19.828,050 Curnint a¥¥•ts Deblorn Cash at bank w#J in hand 15 186,166 2,14U63 123,375 2,190,960 2,311019 Z314,335 CrvJrtDrd: amounts fdlirvJ due within ¢)na 16 lJ89.66n (269,868) 1.941462 2044,467 TolAI •u•i• l••• ¢uN•nt Il•blllil•• 2U61626 21.87Z51T Creditors. amunt8 falllng due after mm than one y¢ar 17 184,719) (65,554) aM•ts •xcludlng p•nslon ••••1 21497,906 21.806,963 Totsl n•t 4•HI• 22,497,906 21,806.963 Ch•rlty fun EndcAbThent fuThl8 Reslrid¢d fund8 Unrestricted fund8 18 18 18 1V9I700 1&564,185 6J05,208 ¢242, TT8 Total fund• 22.497.906 21.8Q6.963 The financial Slat0n￿tts ￿Te approv•d arKI autPrried ftjr i88ue by tho Trusts89 ¥*d 5ignod on thok bohaf by. (Chairman Date". 21 December 2023 The note$ on pages 35 to 53 fo￿￿ part ¢Alh88e finwKaal 8ta•wts. Page 33 HARBORNE PARISH LANDS CHARITY STATEMENT OF CASH FLOWS FOR ThE YEAR ENDED 30 JUNE 2023 2023 2(r22 Cmh flows from op•rntlng actfvltl•s ￿1h used In opernting acti¥iti8• 20 {6TTN98) (349.329) Cuh flo￿ fvom Invastlng 4GtMU Diwdendl, intemt8 and rents from in¥e8tments Purehuo oftangiblo fixed a8A•ts PrrKeeds from sae of inwstrT*nts arKI Inwstnwnt Purcham of knwd8tmnts and irNMknent 707.079 (100.6241 667,318 (33.253) 351,560 1436,719) (424.847) N•t ¢Mh pro¥ld•d by Inv••*lng a¢ll¥ltl•• 614,342 C••h IIM fffjm flnanelw a¢tMU Rep•ymonts ol borr¢MfiNJ {8301 56J N•t ￿#h ui•d In flnanclng actlvftl•• (8351 17061 Chang• In c•¥h •rKI c•sh •qulval•nt• kn th• y••r Ca8h and oquivalents at b•ginnirvJ Cl1￿ >Yar (63,9911 210,893 2337,002 2,026.309 Ca•h •nd ¢Mh •qulval•nts al th• •nd of th• y••r 21 1173,011 2,237,LX Thé nol•• on page8 3510 53 fwm part ￿th￿8 financial *al•m￿ts Pag¢ 34 HARBORNE PA141SH LANtKS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 G•nernl Informatlon Th& Hathme Parish Lands Charity is an unNworaled charity regi5twad with the Charity Commi88lon in England and Wales. registrati￿ number 219031. Its principal afbjrnss is 109 Court Oak Road. Hathme. Bimiingham, B17 9A Tho n&ure ¢fthp opwatiorA WKI prkncpd fdioving need wi tho ancient parlsh of Harbomg. Accountkn9 poll¢l•• 2.1 Ba•1¥ of prnp•r￿I0fi of Ilnancl•l •tal•m•nts Th8 fjnancia •tat•m•nts ha*i been wepar•J In Ihe Ch*tlkn¥ 8QRP IFRS 1021 . PuountlThJ and Reporting by Chariti8s'. Statement of R8rA>mmendad Practic6 applicablé lo charit preparfng th•ir &counts In •ccordance vthh the Financial Rap0￿"n9 Standard applicabkn in the UK and R•publiG of Ir¢lond IFRS 102) {affedlv8 1 J8nuary 20191. the Financial Reporting Sta￿jard •ppllcabl• In tho UK •KI R•w4)l¢ crf Ir•I￿d {FRS 102) and tho ch￿11•5 kt 2011. The fin8ndal #talwr￿nl• hava been prepared lo a 'In￿ and fairf vw and have deport•d from the Charities (A¢¢ounts and Reports) Regulgtws 21)08 or*y to t￿ ext•nt r•quired to provid• a Irug and fairf vle4V. This departur• ha8 Invo￿ loll¢Mng tho Charibes SORP (FRS 102) published in Octobar 2019 rather than ￿ Ac£ountiry and Reporting by Chariti•8'. St*wnent of Rem￿￿nded Practic• effefy*ive from 1 Aw'l 2005 whi¢h Iw6 ilnce been withdravm. Hathme Poriah Lands Charity meds Iho d￿nitIOn of a Publ￿ ber*fit entity und•r FRS 102. Assets and liobltii89 are ￿￿allY recogniwJ * histori¢41 c4)st or transxtion value unless otherwiw st818d In The fin8naal 8talem•nts ar• w•s•nted In Brlhh PowKI Storfinp bèing th• funL*lono1 ¢urr•n¢y of th Ch•iity and rounded lo ￿ n••ro* L 2.2 Incon AJI wicome 1$ r¢¢ognised once tm Ch•rity hag entttlement to the inwm. it is prob8bl8 that th• Incune wil be and the of incomo wNable can ￿ m•asur¢d reliabty. In¢omo fmm hou$irvJ xtNitie8 repre8ents renlal chwges in¢¢yne re¢eiv2ble in the net Lrf rent and g•rvKe charges hw•s frcffl ¥oTra8. Inv88trnent incom from InwStrr￿ prcyrties ro recogni6ed a8 Trt I￿1$ due. Dlvldends and int8re8t in￿e 18 recogniseAI a8 Ch8rtys to receive p￿ent is estsbli8hed. Page 35 NOTES TO THE ANANCIAL STATEMEKr8 FOR THE YEAR ENDED 30 JUNE 2023 Accountlng pollcl•s {contlnu•d) 13 Exp•ndfturn Exyend*uro 18 racogni8ed once thtt& Is a legal or constrLth• Obligat￿ to transfer 8conomK benefit lo a third paty, k 18 pKI)ablg that a I￿nSfer of ben8ffts w• be requited in s8ttlernent 8nd the amount of the oblryation can be me95urad r8kabty. Expenditure 18 d88srfied by activity. Tho Costs of each acw are m&18 ￿ of the total of drect C08t8 and sh•6d costs, including support Go8t8 Involved in undertaking •ath acllvlty. Direct costs Attributable to a single actswty are alocatèd dire to that aclwty. Shared costs which c¢ntribut8 to mom than one actNty and &upport W8to whi¢h are not attributats￿ lo a •ingle actiwty are apportvjned between th080 a¢tiwbo$ on a basis consistent wrth th6 use of rasourc08. Corrtral staff e08ts are 8ll¢xat•d on th8 basis of timo SFenl. and depreciation (*aryM &ll¢)cth tjn tho of tho au6V8 Ute. Support cost8 arn tho88 costs irKurred directy in of owdlture on th• obpcts of the Charfty. Govomanut co8t8 are thc4e incufred In conn•ction adminwtrntKn of11￿ ChMty and complianc wth con8ituli¢x•I ond statutory r¢wlrwn8nts. Co8t8 of g•n•r*lng fund8 are co•t8 Incurred in managiw inlxtrnent aBBOt8. Investment management costs arn b•tw••n fund8 ba￿d on the portontago of the relevant a88ets hekl in the lund. Chaiitabh acts¥it￿ WKI govdmance co* •Te co•ts inGvrred kn th• Ch•rftys oper•tlon•, Includlng Support costs and coth ￿latI￿j to the govwnance ofthe Ch•nty ¥pwlwJn•d lo Gharrtable activiti￿. Grants payabl• ¥0 ¢harwl In tho th• off•r h mode •xcept in those cas•$ *4)ér• t￿ offer Is ￿ndit¥)nal. such grants beiig rocognisad as èxp8n¢Jture when the conditions attaGhirKJ are fuifilled. Gf8nls offered subject to conditions whth have not boen mot at tha end a￿ noted commitm8nt. but not acen￿d 88 ayperrtlituro. All •xwnd￿U￿e [• of iTheeryrt*l• VAT. 2A Tawlbl• flx•d ••••ts and d•pr•clallon T￿gIbl0 fryed a8s•ts lindudiry ho￿*79 propgrd88) are camed at coBt {or d••m•d costl, n•t of depreciation and ￿ wvrfi8iDn lor any ryalm￿nt. Co8t includes co818 directy attllbutabl8 to m8klNJ the a88et capable of operating aB wrtended Such a$ th& Mst of acquiring land and buildiw8, dovelopm•nt costs, interest chwge8 on Soans duriw the dw*Jpment and expenditurn on improvemgnts. EypeTrJiture ￿ impr¢w4Tments *il onty b8 capitalised vthen it r8suM8 in incromental fvture benefts such as incrwg Tentsl inw[￿, r•lurAn9 m•nknanGe ¢08ts or re8ults.ng in a $1gnifie*rt extension of tho usdul ecorKrfnK kf• of the propwty. Hou$ing Prrp•rti￿ In ￿ cour9• of eonglnthn are [r￿l￿ded at costs incurred to date. Depre¢latlon on these assets is not Unt￿ Ily we bn)W into use. 4or Components of ho￿9 prrwlm, s￿h as lffts arKI ward•n alami syst￿% have begn arLounted for and depr￿￿ted sepwately from the conr*rted lyjusing PTopety, ovw their axp8thd useful ecor￿MiC INes. The useful econ(xnic of ￿9[b1è fmd assets are revith¥ed annualty. Page 38 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 AGGountlng polkl•• Icontlnu•d) 2A T•nglbl• fix•d •sT•ts and d•pvKl•kn (contlnu•d) Deprnciaknon * chwged w a8 to aloc*o th• ¢08t ¢1 taryh*i fwl ao86ts 1888 thair residual val ovor thatr e•tlmat4d uwfiA INO5, . Lwd OffKe building Fixtures and fith. Computer equipment .3￿18 Roof 8tructurn and - 70 Windm and oxl•mal dcx)r8 - 30 yeard Hoating -8-15>wrn Kitchen¥ -20￿rn 8alhroomJ M•thankal Eleclri¢al Lfft8 . 30￿rn -20￿rn 2.5 Inv••lrn•nt• FLx•d •M8t Invest￿￿ •re a form of fin￿1￿ In•trUff￿￿ arKI in6twlly r¢¢ognlMd at I￿1r I￿n$￿tIon cost ar￿ 8ubwuently measurnd at fair Val￿ at th& Balance sheet date, unleBs the valu• cgnnot be mo$ured rdiabty in which ew rt18 mg0$ur8d at COBt beJ$ lnpalm￿nt. Investmant gai d Ioss88, wh8thor rEalised or uNealwJ, ￿ c4Jmbir*od and pr05ented 08 'G￿n￿{Lo•s*S1{)n 2A Inv••tm•nt prop•ty All inv•¥1m￿l prnpeths Includ￿ al Any d￿r¥￿ wi fvlr vluo ar• recognl8•d In tho Stat•ffl•nt of FInW¢￿ Aclivths. op8rtie8 r•nted to s(Kiol hou$ry we tr*d a• taryible fixed •$￿ts no* inwgtm8nl oparti•8. 2.7 Flnanclol kn¥trum•nts The Charity t)nty has ffinanraal assets and finartial laknlities of a kind that qualrfy a8 basic financial In8trumenls. Basic financi￿ instruments we initi81ty rec(y3nised at transathon value and sub8equgntty measured at Ih*r setderr￿￿t value with the exception of bank loarffj ￿thIch are 8ub8equentty 2.8 Dobtor8 Trade and oth8r d8btorB are at th8 B8ttkn￿ amounL Prepayments are valued at thé )Nwnt pryaKI net ofany trndo discounts due. 2.9 Cash at bank and In hand Cash 8t bank and in harvj indudes cash and short4efft highty l*]ubJ investrnents with a Short maturity ofthre8 months or ￿ from d*a d wii5ilA)n or o￿lTha ofthe deposit or similar account. Page 37 HARBmE PARJSH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng pollclu Icontlnu•d) 110 Llablllllm •nd provl•k• #trM'Irt608 8r• rwnisad wtth Mb w c*kgation at th• balance shaot date ¥$ a re8uK of a past errt, it r6 prcèable that a transfer cl ¢C4YYMniC bwfft wll b8 requKed in 8ettleff￿rt, and th• amount of th• s•ttlam4Mt can be estimat•d reliabty. littes 8re reccqn150d at the amount that tho Charity rffjtK4Pgt08 it *il pay to 6ettl• the debt or tha ount it has received 8$ pa￿￿nIS for thè g(xxdi or ￿p￿ice1 It musl provide. Prtrltslonts •ro m•a8urnd at the be•t e8tlm*o of the •rruJnls rw4ulred to s•ttle the obligation. Wh•r• the eff•ct of the llno Volue of monoy mknial. the prowsion 18 ba8ed on the prwint valua of thosg rrfnounts, discountad at the pr&lax dilco￿t rale that rdects tha risk* ipacrf￿ to th6 Ilabilty. The urr**lndln9 ofthe discount is rocogniwl in the Statoment of fin*Ki41 a8 a financ• r)Jst. 2.11 P•n*lon• Th• Charity opffates • d•fir￿ eontrtskn w)sk*) 8¢hwn• p￿SlOn ¢harge repre•Mt• th• lmothits payabl8 by tho Charfty to lh• ftmd in re8ped of the 2.12 Fund •ccountlnB Genwal fvr￿S are unr•slitl•d lund$ ar• •v•l*JK* for use at th• dMcr8tk￿ of t￿ Tru9ta•s In fvrtheran¢o of the genorol obixtibw of Ih Chaty arKI vthich havg not been dosignated tor oth pu￿. End￿￿d funds thos• lundi whth arn availabl8 for accordance with the wishe• of the fvnder or wulatory bady. Endol￿nt fvnds represent gifts wthor¢ t￿ wi¢¢xne moy be used for g8Mral ¢hwltabl• purpo8e8 but the c¥ilo1 must b• rela1r￿d. Incom g•nerth fmm porrna￿ pANlryKd aso*8 IB akn*d to unre•trth Ineom•. Gains and IrMg¥ on th*>*￿ng e8knates arKI 8BwmptkYYd that hw• o synffirnnt impoct on th8 amounts recogni86d in th• fintir￿ •t*ty)￿n1&. U￿Ul liv68 of buddings comporthts . thii r& $88M8ed basod n Inve¥trnent manag&ment fea Voidi 4,680 225 451 787 19,1T4 151.336 7,265 14,559 25,451 13, 159 156,016 7,490 15.010 26,238 32.333 loi Totsl 2022 25320 211,868 237, 188 Pag8 41 NOTE8 TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Ana￿1* ol grants Grnnts to Grants to Inslltudon• Indi¥lduAIg 2023 2023 Totsl funds 2023 Grants fvr relièf in ne&J 230,259 71,313 301.672 During the yaar, 16412022.. 72) wer• thvwdod to kndivwjualb rofmd to the Charty by agenci￿ in Blrningh8m SanthA￿. Grnnts to Grants lo lnstilutK￿S IndNidu81$ 2022 2022 Grants tr relief In ne•d 163, 715 41,331 205,046 An•ly•l• of •xp•ndftw• on ¢h•rlt•bl• acthilil•• 8umm•ry by lund typ• fvnd• 2023 fund• 2023 Total 2023 Hou8iig actMli88 Grants for reliol in n•&1 984,432 355,446 115.953 1,100,386 Total 2023 1,339,878 115,953 1,405.831 fiinds 2022 2022 2Q22 Housing adivities Grart¥ ts reli9f in n￿1 895,558 253.592 124.317 1,019,875 253,592 1. 149. 1&1 124.317 1,273.467 P4e 42 NOTE8 TO THE FINANCIIL STATEMENTS FOR THE YEAR ENDED ao JUNE 2023 Analysls of •XpendIt￿ on charttablo actth leontlnu•d) SunMn4ry by fund Icontlnu•dl Incknled within hwBing adi¥itw is govémance costs af£44.901 <2022.. £57 463). Se8 fKrte g for dfrtsils, Analy81• of •xp•ndllur• by aetlvlll•• Gf• fundlng of actlvltl undortak•n dlrK Support Totsl fund* 2023 2023 H￿SIng actpiiti Grants for r•li8f in need 1.032.030 68,355 53,874 1,100,386 306,446 301,572 1,032,0 301,572 122,229 1,455,831 Grnnl Tot81 direGty 8¢tMto5 2022 2022 cosls 2022 2022 Hou8ing activitie• Gt8nts for r•li•f In nood 96Z412 57,463 48,546 1,019,875 253,592 20&046 96Z412 204016 106,009 1,273,467 Analy¥l¥ of dlr•¢t M•t• Hou•lng Actlvlti 2023 Totsl funds 2023 311,304 713,970 6,756 311,304 713,970 6,706 Operating ¢08ts Interest payabl6 1,032,030 1,032,030 P•Je 43 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JO JUNE 2023 Anaty•ls of exp•ndltur• by •elividM {tontlnu• Anatyikn of dlr•Gt co•1¥ {Gontlnu•d) Tol ActwlO98 2022 2022 staff Gojts Opwating CCAt• Int•re¥t payd)l• 302,267 653.310 6,835 302,267 6S3,310 96Z412 962,412 Anaty•l• of •upport c¢xts Grnnl• for r•ll•f Sn Hoy•ing Actmtl 2023 Total fuhd• 2023 2023 48,894 4,980 Prnmlw Ond olfi¢• runnlrq •xp•n 4,gBO 88.355 68,355 53.874 122.229 Totsl fund¥ 2022 Activfty 2 2022 2022 44,930 1616 Premises offKe runniig 8xp0n80s Gov8mance costs 3,6t6 57,463 57,463 57.463 48,546 106.C Page 44 HARBORNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 10. Gov•rnanc• colts Unrn8trlctsd nd8 2023 Tolal fundB 2023 Auditc¢$ remun8r* Other costs Prernioe8 and offic• runnirq ew Wag68 and •alw National Insura￿1 P•n8ion coit 24,182 14,197 2,692 22.496 2,561 2,248 24,162 14,197 2.892 22A96 2,661 68,356 68,306 Audit¢rf4 omumration contslni £3.Cth (2022." £27&Y) of non4udrt fw. Unrnstiicted lunds 2022 2022 AuditoV8 r•nwrwal othT Gojts Pr•mi•98 and offie• rumkw èxpen￿9 Wage• and $818rie8 National in6uranco P•nsion co8t 19, 199 10.286 2,655 20,877 2.392 2,054 19, 199 10,286 20,877 2,392 57,483 57,463 11. Staff ¢o•ts 2023 2ff22 W•g•s and salaries Soclal i￿ur￿ costs Oth8r ponsv)n costs 328,749 27,611 31,143 316,989 26,332 29, 199 387,503 372,520 Pag845 HARBORNE PARISH LAMDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 JUNE 2023 11. Staff cost• {contlnu•d) The averaga rbumber of persons efflpkn￿d bythe Charty duthg the yaar wa8 as folky￿. 2023 2022 No. Emplo5wJ vtholly on housing act Empwd on housing actNities, grant m•klry go¥wn•nr* 11 12 Th• number rf ¢mplo>•M amplo>Ye b•nrfts lexeludlng pension wil•) •x¢e¢d•d £eo,ryxi wi•.. 2023 No. 2tr22 In b￿d £70.001- £80.C Aggrngat• remunwatton WKI bonofft• by Key Management Porsonnel IlnchJdin9 empl¢Jy pension contrfbutKJni, national insurance arKI l)6nafft8> to E197.764 (2022.. £184,867). Key Manag•ment Personn•l compris•s thè TN8tees, Chief Executr4e, Housing Mana9•r. SeTr￿r Buildin Manaw and InforrrAtiDn and Policy OITKW. Tru8to88 no remweratlon or benefts. Page 46 NOTES TO THE FINANCIAL 8TATEMEKrs FOR THE YEAR ENDED 30 JUNE 2023 12. Tanglbl• Ilxed as••ts Fwhold FlxbJr•s and Houslng flttlng• Prop•rths Totsl Co•t or v•lu•tk•n At 1 Jlly 2022 Additions 657,493 1145ZI 1,004141 61,015 1.776,169 100,524 At 30 Jun• 2023 667￿3 1640 6.056,164 0,876,693 D•pr•clatlon At 1 Juty2022 Cth•rg• fty thé ye 47,715 105,649 2379.174 2A32A38 13.250 11S,954 136,700 AI 30 June 2023 64,261 118.799 2,39S.128 2,868,188 M•t b¢)ok valu• AI 30 June 2023 603,232 46337 3,860.036 4,308.606 At 30 June 2022 609,T18 8.978 3,724,975 4,343, 731 13. Inv••tm•nl fvYop•rty Frnohold Invmtmont prop•rty V•luatlon At 1 Juty2022 Revaluation gain 10,213,684 929N17 At 30 Jun8 2023 11,143,IX11 InveStrn￿ prop*ty comprim e4)mmercI￿ pmperties and res*lenkn"o1 prcyrtl8S Wlth fair values of £5.7m and £5.5m respective￿ on 30 June 2023. The Chanty8 investr*nt propwti85 ware forn￿lIy valued a8 at 30 June 2LY23, comrnercid propwties were valued by Rthard D Longden IMRICS) of Cottons ChartPTed Surveyors arKI r¢$idential properties v&Jed ty Jrn Peet IMRICS) of Carters Chartered Sur¥eyors, on an open mork8t valu8. The Trustees conswjer thè relevarrt a8SLrnPt*)ns applied by the surveyo[¥ aFpropiiate 89 at 30 June 2023. The rna1￿ of th8se prty*(i88 wwe bgque*hed to th6 Ch*ity many years ago arKI the hiS￿e81 cost ofth8se propertM is not krKv*n. Pgje 47 frIAR80RNE PARISH LANDS CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Flxed ass•t Inv•slm• C••h hold Ll•t•d knvMtm#rrt Inv••tm•nts m•nag•r Total Co•t or valuatlon At 1 JU￿2022 AdditKm8 Oi8poJal8 Revaluation$ Management f• 6224694 46.041 4W719 (436.7191 1444,5061 444608 176.3981 6,270,735 {75,3981 126,6801 (28,6￿) At 30 Jun• 2023 5,141,5 27,148 6,168,867 1& D•btorn 2023 Xt22 Du• wmhln ono ymr Tr•d• debt Rents held by managing agont Prapayrn￿ts and accrued income 18,324 100,676 47,167 18,615 830 103.930 166,166 123,375 Page 48 NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 30 JUNE 2023 16. Cr•dltord: Amounts fallng vAlhln on• y•ar 2023 2022 Bank loons Trade Credit Other taxati(Jn Jjoual securly Other creditorn A¢¢ru81s and ddÉrr8d Grants payable 68,5¢)0 9,231 7.336 132,57S 161,36S 40.943 8,194 4,341 77,173 138,657 269,868 IrKluded *ithh accruah •rKI dofeThed incom• li rental income ￿1￿)1c*d in •dvanc• of £70.883 (2022.. £62,211J. 17. Cr•dltor•: Amounts falllng du• *ft•r morn than on• y••r 2022 eank loans 64.719 64554 Tho almm loan irKluded in credmorg wtthkn after on• s•cur•d ty a charye over Harbome House. on8 of the Charty8 housing properti80. The is mpayable in instalments a term of 60 yoar8 ending on 31 July 2044. Th• interest at a rnle of10.25%. Th• loan row•s•nt8 8.3% (2022.. 6.2%) ofthe book value ofthe property. Pa9e 49 NOTE8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 18. Statsm•nl of funds Stat•m•nt of funds. Gurr•nt y••r Balanc• at 30 Junv 2023 G•ln•l Incom• Exp•ndliurn ILo•M•l J* 2022 Unr0￿1￿ fvnd8 Géneral Funds 241778 1.663.970 (1.380.203) {33.339) 6,606,%16 Endowmwt lund• End(r•*Thent FundB 18,6H186 1461986) 891,601 15,992,71)0 T*)tsl of fund* 21,806,983 1,163,970 {1,831.18•1 868,162 22,497,906 Stat•fflqnt of funds. prlor yw Balanc6 81 30 Juno 2022 k981an¢g at l Juty 2021 Gains/ (Losses) Inc(yne &penditurn Unr••trlct•d fund• G•neral Funds 6,106,825 1,564349 (1,174,470) (25T,928) 6,242,778 Endowwnt funds Endwn8nt Fund• 16.077,394 (336,185) (17T,024) 14564, 185 Total of fvnd• 21 184,219 1.564349 (1,510.655) (434,950) 21,806,983 Page 50 IIOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 19. Analy•i8 of nat asmts b•I￿n fund• Analy•l8 of n•t a8s•ts b•l*••n funds. ¢uvrnnt ymr UThr•Strict￿ Endomnenl fund# fund• 2023 2023 Total fundi 2023 Tan¥iblo fixed assets FLK8d usot knvestrnnts Invealment propwty Curr•nt a$￿ts Credftorn duD wlthln ong yJ£r Credrtors du• in mor• Ihon bet￿￿n fvrKI8 45,235 4.263,270 4,308,506 3.065.014 2,103,643 5,168,657 530,000 10.613,001 11,143,001 2.312.019 1311019 (368.99n {5601 1369,0571 12,805 In,5241 IM.7191 909.130 1909,1301 Tot•1 6.505.206 15,992,700 22,497.906 Unrnstiicled Endowment funds fvnds 2022 2022 fvnds 2022 Tangible fLxed a8s•ts F￿ed a¥8th InVestsY￿nts Inv88trnenl propéty Currnnt as8ots Cr•ditors du• wittrin Creditors in ThK>re than one Loan b8tw•en ftinds 8,975 3, 125.546 521,086 1314.175 (269,308) 4,334.756 4,343,731 2.14&189 &270,735 9.692,498 10,213,584 2,314,335 (560) 1269,868J (64554) f64554J (542, 144) 542.144 Tolal 6.242. 778 15,564,185 21,806,963 Page 51 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 R•conclllatlon rf n•t MOV•￿ kn fund• io n•1 Guh from oporntlng •Ctlvhl•s 2023 2022 Net NIcorT￿leY￿ndl1Urt for the per St*emant of Fhancknl Activit￿8) 690,943 (377.256J Adlu•tm•nts I￿. Depr¢¢lation ¢har {Gainsllloues on inv•stm8nts DNid•nd8. intwwt• and r•nts Irom iibwlnwt• D￿re•S￿l{lne￿o0$O) in d•blorn Increue in croditorn 1¥700 140,232 1854,0¥ 440,559 1707,079) f667.318) 142,7811 95,696 99.691 18, 758 N•t ¢a•h uwl In QP•MOng •ctlvlU 1677.498) (349,329) 21. Anatysl• ￿ cuh and ¢•h •qulval•nts 2023 C88h in h•)d Ca•h hdd 01 inve8trnont manag8r 2,145,863 27.148 2, 190,960 46,042 Total eash Ind e••h •qulv•l•nl• 2,173.011 2,237,002 21 Anatyth of changm In n•t d•bt At1Juty 2022 CMh Ilo At 30 Jun• 2023 Cash at bank and in h￿￿1 Debt due within 1 ya Debt due after 1)ear 1191960 {060) 16&664) 145,097) 2,146.883 . 836 164.7191 1124816 (44.262) 2,080,684 Page 52 HA￿RNE PARISH LANDS CHARrrY PKITES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Caplt•l commltm•nts 2022 Contract•d for I￿t na¢ provld•d In thM• Ilnancl•l ¥t•t•m Aequlsltlon cl tanglble f￿d al￿￿ 191.626 161,257 X P•n•lon wmnthmlts The Charty operates a defined cortrt*￿lo￿ ponsh￿ sc￿￿m￿. Tho 888Ot• crf the Schemg are hdd 8•p¥at•ty from those of the Charity in an indyndantly administered fund. The ponsion tt0￿ charg• repre8ents contributlons paya>lo by the Ch8nty to the fund •nd ￿Ounted to £31,143 (2022.. £29,199). ContribLrtioM totaltsng £4.018 (2022." £3,403J Payab￿ to ￿ fvnd 01 the balance #h•el dale arKI arn indudod wmhln ￿ed￿or*. 2& R•l•t•d party trnn•actk>n• Non• of lh• Tru8l•e8 or p￿￿n8 Come(￿ thom rOc￿￿d ary r￿Unerth durlnp yoar (2022.. £NrfJ. Thè tctsl *￿Unt of eyn•os reimbursed to TnMl8Bs or thlrd partie• In rel￿on to TnMt•o8 ayn808 was £Nil durww the year (2022 W). Tho1• worn r￿ fvrthr tran80cli0￿ ￿ rol*•d p¥t*8 durir¥J the (2tr22.' £NII). Paga 53