2021-03-31-accounts

Registered Social Housing Provider Information	Registered Social Housing Provider Information
Board Report		2to 3
Independent Auditors'	Report	4 to 6
Statement ofComprehensive Income
Balance Sheet
Statement ofChanges	in Reserves
Cash Flow Statement		10
Notes to the Financial	Statements	11 to 16

Charity registration	Charity registration	Charity registration	number	225965
Regulator	of	Social Housing		A3623
registration	Number
Almshouse	Association			1354
membership		number
Establishment		ofthe	Charity	The Butterfield Homes,		Wilsden			were constructed			in 1935.On 7 October 1935
				the Charity Commission		established				a Scheme for		the	regulation	of	the Charity.
				The Charity was	established			to	provide		almshouses		for persons		resident	in
				Wilsden or within	a radius		offive miles theretrom					and who are		either aged		not
				less than sixty years	ofage		or infirm.
Members of		the board		Mr Mark Silver (Chair)
				Mrs Jean Bastow
				Miss Margaret Holmes (resigned					3 February		2021)
				Mrs Amy Booth
				Mrs Astrid Hansen
				Mr Albert Pratt
				Mr Simon Watts
				Mr Alistair Docherty
Registered	office			The Trustees ofButterfield			Homes,			Wilsden
				C/o Mr Alistair Docherty
				17Farndale Road
				Wilsden
				Bradford
				BD15OLW
Bankers				Barclays Bank pic
				10Market Street
				Bradford
				BD1JEG
Auditors				Watson Buckle Limited
				Chartered Accountants
				York House
				Cottingley Business Park
				Bradford
				BD16 1PE

			2021	2020
		Note	8
Turllover		2	30,267	33,000
Administrative expenditure		2	(14,159)	(19,949)
Operating surplus/(deficit)			16,108	13,051
Income from fixed asset investments			3,731	3 933
Interest receivable and similar income			14	55
Movements in fair value offinancial	instruments		19,188	(17,529)
Deficit forthe year			39,041	(490)
Total comprehensive income for the year			39,041	(490)

			B	alance Sheet as at31	March 2021
						2021	2020
					Note
Fixed assets
Tangible assets						136,966	139,717
Investments						103,214	80,502
						240,180	220,219
Current assets
Debtors						1,087	1,913
Cash at bank	and in	hand				40,436	20,917
						41,523	22,830
Creditors: Amounts		falling due within		ane year		(4,705)	(3,209)
Net current	assets					36,818	19,621
Total assets	less current		liabilities			276,998	239,840
Creditors: Amounts		falling due after		more than one year	10	(80,979)	(82,862)
Net assets						196,019	156,978
Reserves
Income and	expenditure		reserve			168,872	149,019
Unrestricted	revaluation		reserve			27,147	7,959
Total reserves						196,019	156,978

		Income and expenditure	Revaluation reserve	Total
		reserve
AtIApril 2020		149,019	7,959	156,978
Surplus/(deficit) for	the year	19,853		19,853
Revaluation ofinvestments			19,188	19,188
Total comprehensive	income	19,853	19,188	39,041
At 31March 2021		168,872	27,147	196,019

Reconciliation ofnet movement	Reconciliation ofnet movement		ia funds to net cash flow from operating	ia funds to net cash flow from operating	activities
						2021	2020
Net income/(expenditure)						39,041	(490)
Investment income						(3,745)	(3,988)
Depreciation						6,726	7,720
(Profit) /loss on revaluation offixed asset investments						(19,188)	17,529
Decrease in debtors						826	478
Decrease in creditors						(387)	(1,676)
Net cash inflow						23,273	19,573
Cash flaw statement
						2021	2020
							8
Net cash inflow from operating		activities				23,273	19,573
Returns on investments	and servicing offinance
Interest receivable and similar income						14	55
Other income lorn fixed	asset investments					3,731	3,933
						3,745	3,988
Capital expenditure and	financial investment
Purchase oftangible fixed assets Purchase ofinvestments						(3,975) 47	(17,452) ~73.7 6
						(7,499)	(21,178)
Increase in cash in tbe year						19,519	2,383
Reconciliatioa ofnet cash flow			to movement	ia net fuads
Increase in cash						19,519	2,383
Net funds at I April 2020						20,917	18,534
Net funds at 31March 2021						40,436	20,917

2 Social housing t	urno	ver and costs
				2021	2020
Turnover
Rents receivable				28,384	26,208
Donations and legacies					4,909
Amortised social housing		grant		1,883	1,883
Turnover from social housing lettings				30,267	33,000
Administrative expenditure
Management				(3,211)	(7,869)
Service charge costs				(930)	(1,917)
Routine maintenance				(3,292)	(2,095)
Depreciation ofhousing		propeities		(6,726)	(7,720)
Other costs					(348)
				(14,159)	(19,949)
Operating surplus	on social housing		lettings	16,108	13,051
3 Accommodation	owaed and in management
				Number afunits Number ofunits
				at	at
				1April 2020 31March 2021
Housing accommodation				6

4 Surplus on ordinary	ac	tivities	is stated after charging/(crediting):
				2021	2020
Audit fees
Audit ofthe financial	statements		excluding VAT	525	525
Depreciation offreehold	property			5,122	4,923
Depreciation cffixtures	and	fittings		1,604	2,797
Amortisaticn ofgovernment		grants		(1,883)	(1,883)

6 Tangible fixed assets
	Lead and	Fixtures &
	buddings	fittings	Total
	8
Cost
At 1April 2020	165,828	51,389	217,217
Additions	3,975		3,975
At 31March 2021	169,803	51389	221 192
Depreciation
At 1April 2020	34,538	42 962	77500
Charge for the year	5,122	1,604	6,726
At 31March 2021	39,660	44,566	84,226
Net book value
At 31March 2021	130,143	6,823	136,966
At 31Mtuch 2020	131,290	8,427	139,717

7 Fix	ed asset investments
		2019	2020
		8
Listed	investments	103,214	80,502

		Listed
		investments	Total
Valuation
At 1 April	2020	80,502	80,502
Revaluation		19,188	19,188
Additions		3,524	3,524
At 31March 2021		103,214	103,214
Carrying	amount
At 31 March 2021		103,214	103,214
At 31 March 2020		80,502	80,502

8 Debtors
			2021	2020
				8
Prepayments			1,087	926
Other debtors				987
			1,087	1,913
9 Creditors: amounts	falling due within	one year
			2021	2020
			8
Grants			1,883	1,883
Other creditors			1,562	126
Accruals			1,260	1,200
			4,705	3,209