2021-03-31-accounts - Butterfield Homes -(Cottingley)

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			Registered Social Housing Provider	Registered Social Housing Provider	Registered Social Housing Provider	Registered Social Housing Provider	Registered Social Housing Provider	Registered Social Housing Provider		Information	Information
Charity registration			number	226852
Regulator	of	Social Housing		A3825
registraiion	number
Almshouse	Association			1353
membership		number
Establishment		oftbe	Charity	The Buttedietd Homes, Cottingley					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
				Cottingley or within	a radius		offive			miles	therefiom	and who are		either aged		not
				less than sixty years ofage or			infirm.
Members ofthe board				Mr Mark Silver (Chair)
				Mrs Jean Bestow
				Miss Margaret Holmes (resigned				3	Februmy 2021)
				Mrs Amy Booth
				Mrs Astrid Hansen
				Mr Albert Pratt
				Mr Simon Watts
				Mr Alistair Docherty
Registered	office			The Tmstees ofButterfield Homes,						Cottingley
				C/o Mr Alistair Docherty
				17Farndale Road
				Wilsden
				Bradford
				BD15OLW
Bankers				Barclays Bank pic
				10Market Street
				Bradford
				BD1 1EG
Auditors				Watson Buckle Limited
				Chmtered Accountants
				York House
				Cottingley Business	Park
				Bradford
				BD16IPE

					2021	2020
				Note
Turaover				2	30,846	29,616
Administrative expenditure				2	(14,725)	(21,390)
Operating surplus/(deficit)					16,121	8,226
Income fiom fixed asset investments					1,152	3,320
Interest receivable and similra	income				15	63
Interest payable and similar charges					(61)	(325)
Movements in fair value offinancial		instruments			5,776	(23,826)
Net incoming/(outgoing) resources before other recognised			gains and
losses					23,003	(12,542)
Realised gains on investment	assets					19,740
Surplus for the year					23,003	7,198
Total comprehensive income	for the year				23,003	7,198

	Statement ofC	hanges in Reserves as	at31March 20	21
		Income and expenditure	Revaluation reserve	Total
		reserve
At IApril 2020		171,909	936	172,845
Surplus/(deficit) for	the year	17,227		17,227
Revaluation ofinvestments			5,776	5,776
Total comprehensive	income	17,227	5,776	23,003
At 31March 2021		189,136	6,712	195,848

				2021	2020
Net income/(expenditure)				23.003	(12,542)
Inveslment income				(1,167)	(3,383)
Interest payable				61	325
Depreciation				7,777	8,516
(Profit) /loss on revaluation offixed asset investments				(5,776)	23,826
(Increase)/decrease	in debtors			(729)	506
Decrease in creditors				(3,381)	(2,172)
Net cash inflow				19,788	15,076
Cash flow statement
				2021	2020
Net cash inflow fiom operating		activities		19,788	15,076
Returns on investments and servicing offlnaace
Interest receivable and similar income				15	63
Interest payable				(61)	(325)
Other income Rom	fixed asset investments			1,152	3,320
				1,106	3,058
Capital expenditure	and financial investment
Purchase oftangible	fixed assets				(71,945)
Purchase ofinvestments				(85/)	(3,025)
Sale ofinvestments					69,504
				(857)	(5,466)
Financing
Repayment ofloans	and booowings			(1,051)	(2,344)
Increase in cash in	the year			18,986	10,324
Reconciliation ofnet cash flow to movemeat			ia net funds
Increase in cash				18,986	10,324
Net funds at 1 April	2020			24,562	14,238
Net funds at 31March 2021				43,548	24,562

Asset class							Depreciatioa	Depreciatioa	method	and	and	rate
Plant and equipment							10%straight		line basis
Properties							50years
Doors and windows							30years
Kitchens							20 years
Bathroom							25 years
Boilers							15years
Elecbical and heating		installations					25 years
Major components	of housing			properties	have	been accounted	for and depreciated	separately		from		the connected
housing property,	over	their expected useful			economic lives. The		costs ofreplacing these		components		are capitalised		in
fulL The costs ofpmtially			replacing or repairing			these components	are ohmged to the comprehensive				income.

2 Social housing t	urno	ver an	d cost	s
					2021	2020
Turnover
Rents receivable					28,392	27,162
Amortised social housing		grant			2,454	2,454
Turnover from social housing			lettings		30,846	29,616
Administrative expenditure
Management					(3,065)	(8,504)
Service chmge costs					(1,037)	(562)
Routine maintenance					(2,846)	(3,497)
Depreciation ofhousing		propeities			(7,777)	(8,516)
Other costs						(311)
					(14,725)	(21,390)
Operating surplus	on social housing			lettings	16,121	8,226
Void losses						293
3 Accommodation	awned and in maaagement
					Number ofunits Number ofunits
					at	at
					IApril 2020 31March 2021
Housing accommodation					6	6

4 Surplus an ordiaary	ac	tivities	is stated after charging/(crediting):
				2021	2020
Audit fees
Audit ofthe financial	statements		excluding VAT	525	525
Depreciation offieehold	property			7,138	7,138
Depreciation offixtures	and	fittings		639	1,378
Amortisation ofgovernment		grants		(2,454)	(2,454)