2021-03-31-accounts - Butterfield Homes,crosshills

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Registered Social Housing Provider Information	Registered Social Housing Provider Information
Board Repott		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	11to 16

			Registered Social Housing Provider	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	Information
Charity registration			number	226853
Regulator	of	Social Housing		A3163
registratioa	Number
Almshouse	Association			1355
membership		number
Establishment		ofthe	Charity	Butterfield Homes,		Crosshills		was		founded		by a will dated 7 Janumy			1932and
				on 25 February	1986 the		Charity			Commission			established	a Scheme		for the
				regulation ofthe	Charity.		The	Charity			is registered		under the Housing		Act 1996
				and the Charities	Act 1960.
Members of		the board		Mr Mark Silver (Chair)
				Mrs Jean Bestow
				Miss Margaret Holmes (resigned					3	Fehmmy		2021)
				Mrs Amy Booth
				Mrs Astrid Hansen
				Mr Albert Pratt
				Mr Simon Watts
				Mr Alistsir Docherty
Registered	office			The Trustees ofButterfield			Homes,			Crosshills
				C/o Mr Alistair Docheity
				17Farndale Road
				Wilsden
				Bradford
				BD15OLW
Bankers				Barclays Bank pic
				10Market Street
				Bradford
				BDI 1EG
Auditors				Watson Buckle Limited
				Chartered Accountants
				York House
				Cottingley Business		Park
				Bradford
				BD161PE

			2021	2020
		Nate
Turnover		2	31,921	30,593
Administrative expenditure		2		(19,779)
Operating surplus/(deficit)			18,702	10,814
Income fiom fixed asset investments			3,878	4,050
Interest receivable and similar income			18	72
Movements in fair value offinancial	instruments		19,525	(17,961)
Surplus/(deficit) for the year
Total comprehensive income for the year			42,123	(3,025)

Recoaciliation ofnet movement	Recoaciliation ofnet movement	in funds to net cash flow from operating	in funds to net cash flow from operating
				2021	2020
Net income/(expenditure)				42,]23	(3,025)
Invesnnent income				(3,896)	(4,122)
Depreciation				5,166	5,166
(Profit) /loss on revaluation of	fixed asset investments			(19,525)	17,961
(Increase)/decrease in debtors				(1,287)	110
Decrease in creditors				(3,402)	(4,218)
Net cash inflow				19,179	11,872
Cash flow statement
				2021	2020
Net cash hdlow from operating		activities		19,179	11,872
Returns on investments and	servicing offinance
Interest receivable and similar	income			18	72
Other income from fixed asset	investments			3,878	4,050
				3,896	4,122
Capital expenditure and fmancial investment
Purchase oftangible fixed assets					(2,484)
Purchase ofinvestments				(2,998)	(3,170)
				(2,998)	(5,654)
Financing
Repayment ofloans and borrowings				(2,100)
Increase in cash in the year				17,977	10,340
Reconciliatinn ofnet cash flow to movement			in net funds
Increase in cash				17,977	9,290
Cash outflow from repayment	ofloans			2,100
Net funds at I April 2020				31,375	22,085
Net funds at 3I March 2021				49,352	31,375

value, over their e	xpec	ted	useful	economic l	ife a	s follows:
Asset class							Depreciation		method	and rate
Plant and equipment							20%straight		line basis
Propeities							50years
Doors and windows							30years
Kitchens							20 years
Bathroom							25 years
Boilers							15years
Electrical and heating		installations					25 years
Major components	of housing			properties	have	been accounted	for and depreciated	separately		&om the connected
housing property,	over	their expected useful			economic lives. The		costs ofreplacing these		components		are capitalised	in
fulh The costs ofpmtially			replacing or repairing			these components	are chmged to the comprehensive				income.

						2021	2020
Turnover
Rents receivable						28,392	27,072
Other income						8
Amortised social	housing		grant			3,521	3,521
Turnover from	social housing			lettiugs		31,921	30,593
Administrative	expenditure
Management						(3,250)	(7,461)
Service charge costs						(540)	(812)
Routine maintenance						(4,263)	(6,340)
Depreciation ofhousing			properties			(5,166)	(5,166)
						(13,219)	(19,779)
Operating surplus		on social housiag			lettings	18,702	10,814
3 Accommodation		owned and in management
						Number ofunits Number ofunits
						at	at
						1April 2020 31March 2021
Housing accommodation						6	6

4 Surplus on ordinary	activities is stated after charging/(cr	editing):
		2021	2020
Audit fees
Audit ofthe financial	statements	525	525
Depreciation offieehotd	propeity	5,166	5,166
Amortis ation ofgoveounent grants		(3,521)	(3,521)