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||||Contents||
|---|---|---|---|---|
|Registered Social Housing||Provider Information|||
|Bomd Report||||2to 3|
|Independent<br>Auditors'|Report|||4to 6|
|Statement ofComprehensive||Income|||
|Balance Sheet|||||
|Statement ofChanges|in Reserves||||
|Cash Flow Statement||||10|
|Notes to the Financial|Statements|||11to 16|





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||||Registered<br>Social Housing Provider|Registered<br>Social Housing Provider|Registered<br>Social Housing Provider|Registered<br>Social Housing Provider|Registered<br>Social Housing Provider|Registered<br>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<br>Homes, Cottingley|||||were constructed|||in|1935.On|7 October 1935|||
|||||the Charity<br>Commission||established||||a Scheme for||the regulation||of|the Charity.||
|||||The<br>Charity<br>was|established||to|provide|||almshouses||for persons||resident|in|
|||||Cottingley<br>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<br>Accountants|||||||||||||
|||||York House|||||||||||||
|||||Cottingley<br>Business|Park||||||||||||
|||||Bradford|||||||||||||
|||||BD16IPE|||||||||||||





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Turaover||||2|30,846|29,616|
|Administrative<br>expenditure||||2|(14,725)|(21,390)|
|Operating<br>surplus/(deficit)|||||16,121|8,226|
|Income fiom fixed asset investments|||||1,152|3,320|
|Interest receivable<br>and similra|income||||15|63|
|Interest payable<br>and similar charges|||||(61)|(325)|
|Movements<br>in fair value offinancial||instruments|||5,776|(23,826)|
|Net incoming/(outgoing)<br>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<br>income|for the year||||23,003|7,198|





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||||B|alance Sheet as at31|March 2021|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Note|8||
|Fixed assets||||||||
|Tangible assets||||||228,287|236,064|
|Investments||||||31,094|24,461|
|||||||259,381|260,525|
|Current<br>assets||||||||
|Debtors||||||2,147|1,418|
|Cash at bank|and in|hand||||43,548|24,562|
|||||||45,695|25,980|
|Creditors: Amounts||falling due within||one year||(3,714)|(5,692)|
|Net current|assets|||||41,981|20,288|
|Total assets|less current||liabilities|||301,362|280,813|
|Creditors: Amounts||falling due after||more than oae year|10|(105,514)|(107,968)|
|Net assets||||||195,848|172,845|
|Funds ofthe association:||||||||
|Reserves||||||||
|Income and expenditure|||reserve|||189,136|171,909|
|Unrestricted|revaluation||reserve|||6,712|936|
|Total reserves||||||195,848|172,845|





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||Statement ofC|hanges in Reserves as|at31March 20|21|
|---|---|---|---|---|
|||Income and<br>expenditure|Revaluation<br>reserve|Total|
|||reserve|||
|At IApril 2020||171,909|936|172,845|
|Surplus/(deficit)<br>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|





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|||||2021|2020|
|---|---|---|---|---|---|
|Net income/(expenditure)||||23.003|(12,542)|
|Inveslment<br>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<br>and servicing offlnaace||||||
|Interest receivable<br>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<br>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|





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|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<br>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.|||



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|2<br>Social housing<br>t|urno|ver<br>an|d cost|s|||
|---|---|---|---|---|---|---|
||||||2021|2020|
|Turnover|||||||
|Rents receivable|||||28,392|27,162|
|Amortised<br>social housing||grant|||2,454|2,454|
|Turnover<br>from social housing|||lettings||30,846|29,616|
|Administrative<br>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<br>surplus|on social housing|||lettings|16,121|8,226|
|Void losses||||||293|
|3<br>Accommodation|awned and in maaagement||||||
||||||Number ofunits<br>Number ofunits||
||||||at|at|
||||||IApril 2020<br>31March 2021||
|Housing<br>accommodation|||||6|6|





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|4<br>Surplus<br>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<br>ofgovernment||grants||(2,454)|(2,454)|



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|6<br>Taagible fixed assets||||
|---|---|---|---|
||Land and|Fixtures &||
||buildings|fittings|Total|
|||8|f.|
|Cost||||
|At 1 April 2020|273,656|52,021|325,677|
|At 31March 2021|273,656|52,021|325,677|
|Depreciation||||
|At 1 April 2020|41,006|48,607|89,613|
|Charge for the year|7,138|639|7,777|
|At 31March 2021|48,144|49,246|97,390|
|Net book value||||
|At 31 March 2021|225,512|2,775|228,287|
|At 31March 2020|232,650|3,414|236,064|





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|7<br>Fixed asset investments|||
|---|---|---|
||2020|2020|
|Listed investments|31,094|24,461|
|Listed investments|||
||Listed||
||investments|Total|
|Valuation|||
|At I April 2020|24,461|24,461|
|Revaluation|5,776|5,776|
|Additions|857|857|
|At 31March 2021|31,094|31,094|
|Carrying<br>amount|||
|At 31March 2021|31,094|31,094|
|At 31March 2020|24,461|24,461|



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|||||2021|2020|
|---|---|---|---|---|---|
|Prepayments||||1,148|903|
|Other debtors||||999|515|
|||||2,147|1,418|
|9<br>Creditors: amounts||falling due within|one year|||
|||||2021|2020|
|Housing|Property Finance||||1,051|
|Grants||||2,454|2,454|
|Other creditors|||||987|
|Accruals||||1,260|1,200|
|||||3,714|5,692|





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