Chai'ity regisiralion nuniber.. 226853
Regulator of Social Housing i'eiTislI'alion iiuniber.. A3163
Alii)sliouse Association iiieiiJbei's1iip nuinbcr.. 1355
Butterfield Homes, Crosshills
Aiinual Report and Financial Stateinents
for ¢l)e Year Ended 31 Marcli 2023

Butterfield Homes, Crossliills
Cojiteiits (¢ontii)ued)
Board Report
I to3
Indcpendent AudittslE' Repoit
4t06
Statement of Compreh¢Jisive Iiieoine
Balance Slieet
Statejil￿7t of Changes in Reseives
C&8h Flow Statement
10
Notes to Ilie Firtancial Sialetiietits
I I to 16

Butterfield Homes, Crosshills
Board Report
The trustees i)resent the annual report together with tlie fsjiaiicial s(atenienls of tlie association foi. the year ended 31
Mareli 2023.
Structure* governaiice and nianAgetnent
Tlie chai'ity 1$ regulated by a De¢laratioii of Trust dated 7 JAnuary 1932 and a Sclienie daied 26 February 1986.
The Itvstee% hcld foul. nieeiings duiing ihe year and remain the owne&'s of six dwellings at Main Stieet, C.TOSShills.
Keigliley BD20 8SL. Mark Silver was again re-elecled for ilie year as Cliati. iii Februaiy 2022. Amy Booili and Siinon
Watts resigned as li'ustees during the yeai. but Reverend h4ike GIEen was appointed reducing the number of triistees lo
All iJew Irustees are given ati iiitix>duction to the woili of the Irust by existing tiwstees aiid ale a150 pl￿Vided ivitli
Cliarity C.oiJ)mission piiblication CC3 'Thc Esset]tial Truste¢. wliat yoii need to kjiow, and the Cliai'ity Governance
Code.
A iiew Clerk, Sandra Haigli, was appoilited in June 2022 but rcsigiied at the cnd of June 2023. Another clerk is ¢urrently
being 50ugh¢.
Tl)e tl'LlStees continued witli their p¥ogrartime of improveinenÉ and IModeJ't]i5alion of the Alinsliouses by iipgiading units
whet) appropi'iate. There were variou5 significant IEpai1s to 1Sie buildings alld bouiidai'y railings dui'iiig the year.
Trustee5 and officei's
Mie Irllstees aiid offjcers seiving during tl)e year aiid since tl)e year end weir as follows..
Ti'ustees..
Mr Mayk Silver {Cliair)
Mrs Aiiiy Bootli {resigned 6 Septenibei. 2022)
Mr Alben Pratt
Mr Sinion Watts (iysigiied 6 January 20231
Mr Ali5tair Docherty
Mr Peter Earp
Mi's Helen Pliilips
Revereiid Michael Green (appoint¢d 9 February 20231
Obje¢tives arhd aetivlties
Tlie tiwstees reii)ain coiiiinitted to tlieir aiiii of providing a liigh standard of aeconiinodation and comfort al ali
affoi'dable iveekly coiili'ibuiion (£91 per week fi'oiii Api'il 2019) aiid to eoillpeie willi oilier social housing pi'ovideis 111
siipplyingj conipai'able Jnodein fa¢ililies foi. tlieii. iesidents at a lowel. weekly ¢ost. Decisions aiE Inade by tlie tr115t¢es on
a Inajority basis wilh tlie Cliair liaviiig a castitig vote in Ilie eveiit of a tied vote. For their to be a quoi'iiiii Ilie iiuimbei. of
Iiiis¢ecs prescnt should be foul. alld all Ineetiiigs iti tlie year were quoi?te.
Tl)¢ trustees contiiiue to liaise witli Ilie Ix)¢al Auiliority serviee departtiieiits. the Alnisliouse Associatiot), Ihe Hoiiie and
Coiiiii)uiiiiies Agency aiid tlie VOA wlio liave replaccd tlie Relit Seivice foi. tlie pui'pose of assessiiig tlie weekly
n)ainlenance ¢riniiibiition. The VOA reas%e%sed the WMC. at £108 p¢i' week in Febj'iiaiy 2019. Tlie ti'iislees air keenly
w81'c of tlie need to ensuiE a W#Tlt), safe, and cornfui1able elivi1￿lil￿eIit foi. tlie residents uiider the Deceiil Hoimes
Standards aiid will continue to Inake iinprovements wliicli eiiliaiice eiiei'gy saviiig and liclp to ¥educc resid¢iits' heating
costs.
Page I

Butterfield Homes, Crosshills
Board Report (continued)
Publle beiiefil
The Trustees pay due regard to tlie charity comniission guidance on PuL)li¢ Beiiefit and believe that the provision to
sotial liousing wiihit) the local cotjimunily conforms ivith tlieir guidance.
Value foi. Inoiiey
The trustees ar¢ mindlul of the tjeed io obtain value for nioney in all transactions entered ijito oil belialf of the Charity.
When majoi. works air undertaken a conipeiitive Eeiidei. is carried out. the charity Irgulai'ly reviews its invcstnieiils to
eiisur¢ they still acliievt a good i?le of relurn.
FinanciAI I'eview
The trustees are pleased to report a surplu5 foi. the year of £l1.496 12022 £31.410}. The figures havc been adversely
affected by increased adiii(nisli?live expenses, Inaithly clerks fees, property repairs and a fall in tlie value of tlie
Pollejy oil r¥serves
Tlie Trustee5 have Irviewed tl)e Cliai'ity's needs foi. tlie reserves in line ivith tlie guidance issued by tlie Cliai'ity
Coii)mission and considet it prudent that ie5¢1v¢s slioiild be sufticient to avoid Ihe necessity to realise fixed assets.
Tjie Trust¢es are ¢oiifident that future income will enable tlie Ch2rity to tneet its foreseeable need$ on ihe basis of
platined expenditure.
Tlie level of re5erve% at 31 Marcli 2023 was £243.11] {2022- £230,588). Aft¢i' taking into consideration the amount (lie
al￿Oi1￿t tEed Up in ffixed assets and Ilje assocfated grant wliicli is being ainoilised over the life of the assets the aii)oiint
available in free reserves at tlie year end was £193,506.
'rhe inlemal ¢onlrols ofihe cliarity aTe revieived aiid iiionitored aniiually. A new major Tisk lias beeii eiicounleird by tlie
Chai'ity in tlie foriij of ilie CoiDnavirus pandei)iic. To date tliis Ilas liad no iiiaterial effcct oil tlie in¢oiiie of tlie cliai'ity as
all tlie properties r¢niain occupied atid Ilie ienls have been collected by standiiig ordei.. Tlie investment income has not
been iijaterially I'educed on accouiit of tlie paiideii)ir and it has be¢oine easiei. over ihe period to oi'ganise repairs to tli¢
properties.
Page 2

Butterfield Homes, Crosshills
Board Report (continued)
Statement of BoAI'ds RespoiisSbilities
The Board is responsibl¢ for prepariiig the Report aiid Ilie fillathcial statemeiits iii accordance with the applscable law
aiid regulations.
The re8lStered social Iiousing legislation reqiiii'¢ the Board to piepai'e finaneial statettlents for eacli financial year wht¢h
give a truc and fair view of tlie s18te of affai13 of the association ajid of ils iiicoiiie aiid expeiiditure foi. that period. In
preparing tliese financial statrmejits, Ilie Board is required 10:
selcet suitible accountiiig policie5 aiid tlieii apply tliem consisieiiily.
niake judgements and estimates tliat are ieasoiiable and prudent;
state wlietlie¥ applicable accounting standai'ds have been follomed, subject to any material departures disclosed aiid
explained ill ihe finan¢ial slaleinettts. aiid
i)repair Ilie fi￿8￿¢7a1 5tatemenis on the going conceri) basis unless it ss inappropriate to presuit)e tliaL tlie association
will conliniie in business.
The Board is responsible foi. keeping proper actouiiling ircoi'ds tliat disclose witli reasonftble a¢cui2ey at any lin)e Ihe
fiiian¢ial posilioii of tlie associalioii and enable Ilieit) io ensure that tlie financial statciiients coinply wthtl) Ilie Housit)g
aiid Regeiieiaiion Aet 2008 aiid tlie A¢¢ouiiiing Dii'ection foi. pi'ivate rcgisteied piDvid¢rs of social l)ousing iii England
2022. It118s genei'al i'esponsibility for taking ieasonable steps ÉO 5afegiiai'd ilie assets of ihe association and to prevent
and d¢te¢t fraud and other irregularities.
Tlie ti'ustees are respoiisible for tl)e niainteiiatice aiid integi'ity of the corpoi'ate aiid finan¢ial inforiiialion iii¢luded oji tlie
c112ritable coiiiparty's website. Le8i51ation goveniing the preparation and disseinirtation of finallcial stalenienls iiiay
Approved by Ilie Board on 8 January 2024 arid signed on its behalf by..
Mi. Alistai
Ti'ustee
herty
Pa8e 3

Butterfield Homes, Crossliills
Independent Auditor's Report to the Members of Butterfield Homes, Crosshills
Opinio
We liavc audited the financial siatements of Butlerfield Homes, Crosshills (tlie 'association') for the year cnded 3
Marcli 2023, wliicli coniprise tl)e Stateinent of C.omprelieJisJv¢ Incojiie, Balance Slieet. and Notes to the Fin8n¢ial
Sialeinenis, ijiclllding a suininaiy of significant accounting policies. The finai)cial Irpoi'ting fraimewoj'k t1￿( lias beeii
api)lied iii Ilieir prepai'ation is applicable law aiid United Kingdoni Accounting Siandai'ds, in¢ludiiig Fijiancial Reporting
Standai'd 102 Tlie Fiiiai)cial Reportiiig Standard applicable in the UK and Republic of Ireland Iuitriled Kiiigydon?
Gciierally Accepted Accounting Pi'aclice).
In our opinion the fijiancial statements..
giv¢ a true aiid fair view of tlie slate of the association's affairs as at 31 Mar¢li 2023 8nd of its incoining resoui¢es
and application of resources, iiicludittg 115 incoine and expenditure, for tlie yeai. tliet) ended,.
IIBve beeii properly prepaird it] accordance with United Kiiigdoni Geneially Accepted Accounliiig Practice. and
Iiave been prepaTed in 2ccordan¢e witli tlie requirenienis of th¢ Cliai'ities Act 201 I, Ilie Housing and Regeneiztion
Act 2008 and tlie Accounting Dii'cctioii for private registered pi'ovide¥5 of social liousing in England 2019.
BAsis for opinion
We Cond￿Cted oui. audit in a¢¢oi-dance willi li)teriiational Staiidards on Auditing IINKI IISAS {UK)l and applicable law.
Oui. responsibilities uiidei. tliose siaijdai'ds are fuitlier des¢i'ibed in tl)e auditoi. iespoiisibililies foi. tlie audit of tlie
fin2ncial statcinenls sectioii of our I￿pol.1. We al'e independent of tlie association in a¢¢ordan¢e witli tl)e ethical
r¢quireinents that are relevant to our audit of the financial 51aleinenls in tlie UK. including Ihe FRC'S Etl)i¢al Standard,
aiid we liave fulfilled our othei. eilii¢al re5poiisibililies its accordaiite with these requiieittenis. We be1￿¢ve tliat the 2udit
evidence ive have obtained is sufficient 2nd appropriate to provide a basis for oui. qualified opinion.
Conelusions relitirtg to goiiig conttrn
Iii auditing the fiijaneial staienieiils, we liave concluded that ilie trustecs use of the goiiig conceni basis of accounting iii
tlie pyepaiation of tlie financial 5taleinenls is appiopriate.
Based Oll the wojk wc have performed. we have not ideiitifjed any Inaterial uncertainties relatijig to ¢venis or conditions
tliat, iiidividually or colle¢lively. Inay cast significant doubt on the associalioii's ability lo coÈitinue as a goillg con¢ern
for a peiiod of ai least iwelve monilis froiii i¥heii the original financial staleiiJeJit* were auiliorised fo¥ issue.
Oui. responsibilities and th¢ responsibilities of tlie trust¢¢5 Wltlj respect to goÈt]8 concern ale described in the IElevant
sections ortliis report.
Other infoi'mgtio
Tlie ti'uslee5 are Irsponsible for tlie otlier inftsimiation. Tlie otl)eY inforination comprises tlic iiifoimialioii included in Ilie
annual iepoil, oihei- than tlie financial stat¢Jiieiils and our aiiditor's ieport thei'con. Oiir opinion on tl)e financial
statenieiits does not covei. the oiliei. inforimatioii aiid, ex¢¢pt to (lie ex¢enl otliei'wi5e explicitly stated in our report, we do
not express aiiy foi'm ofassuianee conclusioii IlieiEan.
In ¢ohneclioii willi oui. audit of Ilie finaiicial siateinents, our responsibility is lo read the otliei. infoTination aiid, in doing
so, considei. whetlier the otliei. inforiiiation is Inaleiially iThconsisteni with the financial statemenls or oiii. kiiowled8e
obtaiiicd iii tlie audit oi. otli¢rwise appeal's to be niatei'ially JiiisstJted. If we idet)tify SULli iiiatcrial inconsistciicies or
appaient inaiei-ial misslatemenls, we ale requiiEd lo deteriniiie wlietlier Iliere is 2 niateKial 1rt15StateJJietJi in the fiiiaiicial
slaleiiietits oi. a Inalerial tnisstatement of the otlier iiiforniaiion. If. based oil ilic work we liave ￿rformed. ive coiiclude
tliat Iliere is a iiialerial iiiisstaiement of tliis oiliei. inforjiiation, we al'e iequired fo i'epoit Iliat fact.
We have notliiiig to iepoit Ili Iliis I'egaTd.
Page 4

Butterfield Homes, Crosshills
Independent Auditor's Report to the Members of Butterfield Homes, Crosshills (contiiiued)
Mgttei's oil ivliich we are required to repoi't by exception
We liave noiliing to repoil in respecl of tlie following niattei'5 in relatioji to which the Charities (Accounts aiid Reports)
Regulations 2008 requiJE U5 to report to you if, in our opinion..
Ilie infoi'mation given in ilie finaneial statements Es ineonsisteiii in any material respect witii tlie board report; oj.
gutyicient accounting records liave rhot ￿ert kept. or
the fiii8ncial statements ale not in agreeiiient witli tlic accounting records; oi.
we liave not received all tlie inforinalion and explanatioiis we requiie for our Audit.
In addition, we liave notliit]g to report in iespeci of tlie following mattel. wliere the Housing and Regeiieixtion Att 2008
requiitS US to report to you if, in oui. opinion..
a satisfactory syslein of control over transaclions has not been tnaintained.
Ruponsibilities of tyustees
As explained Inoi'e fLilly in tl)e Statement of Responsibiliiies (set out 011 page 2 and 2}, the trustees Ineinbcrs Iwlio are
also Ilie Iruslees ()f the association foi. the pui'poses (Jf Charity lawl are responsÉble foi. tlie prepai'aiion of the fit)ancial
slatenieiits and for l)eing saiisfied tliat they give a Iiue aiid fair view, and for sucli internal control as ilie ti'ustees
detemiine is nece5saiy to enable tl)e preparation of financial siateiiienls rI￿l are free froin Jiiaierial 11)isstaletiieJil,
wlietlier due io fiaud or errol..
In preyaring tlie fiiiai)cial statements, the Ii'ustees are responsible for assessiiig the association's ability to wniiiiue as a
going concern, disc105in
s applicable, niatters related to going concern and using tlie IToiJig concern basis of
accourtiing uiiless tlie trustees eitlier iiiiend ro liquidate tlie a5SOCliltion or to c¢ase operalions, or have no realisti¢
altcrllative but to do so.
Auditoi. Re5poiisibilities for the audit of the financifil stitements
Our objective5 ale to obiaiii i'easoiiable assurdnce about wliethei. the financial statements as a wliole are fre¢ from
mal¢rial ii)isstateinent, whellier due to fraud oi. error. and to issue an auditoj s report tliat includes our opinion.
Reasonable ossurance is a hig]i level of assurai)¢e, but is not a guarantee tliat an a￿dit eoiiducled in accoi'daiicc with
ISAS (UK) will always detect a t))atei'ial niisstaienient when it exists. Mi5Stateiii¢nts ¢an arise froin fi'aiid oi. ei'ror and
are conS￿del,¢d material if, it]dividually or iji Ilie aggiegate, they collld i'easonably be expected to influeiice tlie ecoiioiiiic
d¢cisions of users taken on Ilie basis of these financial 5tateii)ents.
In plathiisng and designiiig our audit tests. we ideiitify and assess the I'isks of Inaierial misstatetnetjl withiii tlie fitiaiicial
statenients. wlidlier due to fraud or ei'ror. OUT assessnient OF t]iese risks illcliides consideration of ilie naiiire of ilie
indiisiiy ￿ld secto¥, tlie ¢oiitrol eiiviiDnmenl and ihe busine55 perfoj'inance aloii8 WLth Ilie results of our enquiries of
Inanagejneiil, about tlieii. owr) iderttificalion and assessiiieiil of the I'isks of irreg￿larities. We are also iequired to
perforrn specifjc piDceduirs to re8poiid to the risk o(maMagemeiit OVelTide.
Following this a%sessmeiit we considei'cd tlic OPPOTtuiiitEes aiid iii¢entives tliat tnay exist witliiii (lie eiitiiy foi. fra￿d and
'dentified the greatest potential for fraud in ¢valuatiiig die tangTibl¢ assets.
We also obtained ali undei'staiidiiig of tlie legal and regulatory franiewoTk5 that the et)tity op¢ixLes in, through
discussioiis witli tiusiees and oiliei. rnanageiiicnt, aiid frtsn) our coi)iiiiercial knowledge and expei'ie¢)ce of the sector iii
wliicli ilie eiitily operate%, ¢0 eiiable us io ideiilify tlic key laws and iegulatioiis applicable to tlie entity. We fo¢used oi)
spe¢ifi¢ laws and Irgulations wliicli we consideiEd i?iay liave a direcl i)iarer&al effect ot) the rJ￿￿1claI sta¢ements o¥ Ilie
operations af Ilic cnlity. incliiding the Hoiising and Regeneration Act 2008, taxation legislation, dala piDtKtiort,
aiiti-bribery, env&ronineiital aiid liealtli aiid safety leg>islatton.
Page S

Butterfield Homes, Cro￿h11]S
Independent Auditoi s Report to the Members of Butterfield Homes, Crosshi118 (continued)
We tlien peiloi'nied audit procedures after ¢ollsideratioii of Ilie aknve visk5 wliicl) included ilie followiiig..
evaluatijig the existence and valuation of the fixed assets, aiid evaluating the appropriateness and ¢onsislency of the
deprecialion p()li¢ies applied.,
enquiring of tnan2geinent conce1￿Ing actual and potenti&l litigatioii aiid claiJi)s',
perforiiiiiig analytical procedlli'es io ideiitify ￿]Y unusual oi. unexpected r¢latioi)sliips that niay indicate I'isks of
Inaterial iiiis5tatenient due to fraud.,
reviewing Correspondence wtth the charity's legal advisors;
readiiiu iiiinutes of tneetings of those cliai'ged witl) goveriiai)ce' aiid
in addressing tlie risk of f12ud throiigli nianagement override of coiitrols, tcsling Ui¢ appi'opi'iateness of juuriial
enirie5 and othei adjuslineiits, assessing whether the judgemeiits made in Inaking accountin8 estimates are ijidicative
of a polential bias,. aiid evalua¢iiig the busiiiess 13tioiiale of any sTrgnificaiit transactions that are unusiial OT outside
tlie iiormal course ofbusiiiess.
All eiigagemenl teajn members were infoiiiied of the relevant laws and regulations and potential fraud r&5ks at the
plaTiiiing stage and iemiiided to ieiiiaiji alert ro aiiy indicalions of fraud or noii-compliaiice witli law.% amd regulations
Ihrouglioiit the audit. The ¢ngageJiienl paitner eiisured (liat Ilie engagement teain collectively had the api)ropi'iate
competence, capabiliries and skills lo idelitify 5ucli ilen?s.
There are iiih¢i'eiit limitatioi)S 12) our audii piu¢eduL'e5 dc5cribed above. The niore reinoved that laws aiid regulatiojis are
frojn fjnaticial ¢13nsactions. the less likely it is that we would he¢oine aware of noii-coinpliaiice. Audititig slandai'ds also
liniit the audil procedures Irquii'ed lo identify non-compliaiice witli laws and regulations to enquiry of the ti'ustecs and
otli¢r niat)ageiii¢nt aiid the inspectton of regulatory and le8al correspot)dence, if at)y.
Matei'ial Inisstateii)ents tliat a)'ise due to fraud Can be harder to detect than tliose that arise from error &8 they may
nvolve deliberaie coticealineiit or collusion.
A fuitl)er desci'iption of our respoiisibilities is available on the Filigncial Reporting Council's ivebsite at-.
wwiv.frc.org.uklauditorsresponsibilities. Tliis des¢riptioii forms part of our auditor's repoi't.
Use of report
Tliis repoit is i￿ade solely lo the associatiott Iru5te¢s iii accoilance witl) Part 4 of tlie Cliarilies (Accounts aiid Reports)
R￿￿[allOnS 2008 and Section 137 of the Housing aiid Regener4tton Act 2008. Oiir audit work has been undertaken so
tliat we Imiglit state to the trusiees those Inatters we a￿ Yeqiiiitd to state to Iliem iii ali auditojs, IEpoJt and for iio otlier
purpose. To tl)e fulles( ext¢nt permitted by law, we do not accept or assume respoiisibility to anyone oilier tliaii the
association and ils trustees as a body. foi. oui. audit work, foi. thi5 rcport, or foi. the opinions we hav¢ fomied.
Waisoii Buckle LiinEt¢d
Statuioiy Auditoi.
Bizdfoi'd
8 Januaiy 2024
Page 6

Butterfield Homes, Crosshills
Statement of Compreheiisive liieome for the Year Ended 31 March 2023
(Including Income and Expenditure Aecount)
2023
2022
Note
Turnover
31,921
31,986
Administrative cxpehdittjre
122,3371
13,1691
Opergting 5uI'plusl{deficlt)
Incotne fi'oiii fixed asset investnienls
Interest ieceivable aiid similar ineonie
oveinenis in fair value of financial in5¢riinients
9,5È4
5.727
179
13,9941
18.817
3,653
10
8,9.30
Sui'pluslldefieit) foi. the yefir
Total eomprehen$ive income foi. the ye3v
11,496
31.410
11,496
31,410
All of tlie regisiered so¢ial liollsing providels activities derive froni continuirtg operations during the above two period5.
The financial siatement5 were approved by tlie board and authtsi'ised for issue on 8 January 2024 and signed on tlieir
belialf by,
Trustee
Trusi¢e
Tlie notes on pages I I to 16 forii) an int¢wal part oftliese fiJiallciAI slatejiienis.
Pa8e 7

Butterfield Homes, Crossllills
Balanee Sheet as at 31 March 2023
2023
2022
Not¢
Flxed gissets
Tangible assets
Iiiveslments
196,458
157.700
193.969
156.847
354.158
350,816
CurreRt assets
DebtOL'5
Cash and sliorl-teri* dep051t5
2,872
34,755
2,412
30,889
37,627
33,301
Creditor5: Ainounts fallSng due wlthiii one year
Net curi'ent 115sets
5,342)
15,649
32,285
27,052
TDtAI asstt$ less cui'reiit lial)ilities
386,443
378,468
Cieditoi's: Amounts fAlling due gftei. moi* thali oiie year
Net #ssets
10
{144,3591
(147.8801
242,084
230,588
Fund% (bf the ehai'ity:
liicotjie and expenditure r¢serve
Unreslri¢tcd I'evalua(ioii reserve
203,433
38,651
187.943
42,()45
Total funds
242,084
230,588
The financial statemenis wei'e approved by the board and aulhorised for issue on 8 Januaiy 2024 and signed on theii.
belialf by..
Trustce
Ti'usLee
Tlie notes on pages I I to 16 forin an integral pai'l of Iliese financial statetnents.
Poge 8

Buttei'field Homes, Crosshills
Statement of Chaiiges in R￿erVeS 48 at 31 March 2023
Income an
expenditui'e
r¢serve
RevAlu#tion
reserve
To(Al
At l Apiil 21112
suivlu￿{defI¢ltI foi. tlie year
Revaliiation of investin¢nts
187,943
15,490
42,645
230,588
15.490
13.9941
11,496
242,og4
{3,9941
{3.9941
38,651
TDt#l eompi'ehensive incorne
At 3 I MArcli 2023
15,490
203,433
'riie notes on pages 1 I to 16 forn) an integial part ofthe5e ftnancial slateinen¢s.
Page 9

Butterfield Homes, Cros5hills
Cash Flow Statement for the Year Ended 31 March 2023
ReeoneillAtion of net MoveM￿lt Itb fund5 to net cgsh flow from opei'ating Activities
2023
2022
Net income
Investiii¢nt income
DepirciatLOII
(Profit) Iloss on ievaluaiion of fixed asset investittents
Increase in deb(ors
Decrease Eji ¢r¢ditoi's
11,496
{S,9061
5,485
3,994
{460)
13,828)
31.410
(3,663
5,166
18,9301
1591
13,2271
Net casli inflow
10,781
20,697
Cgsh flow statement
2023
2022
Net cash inflow from operatsn8 aclivtties
10,781
20,697
Returns oil iiive$tm¢nls and servicing (bf finance
Inteirst receivable and similar inconie
Otlier income from fjxed asset iiivestments
179
5,727
10
3,653
3,663
5,906
Capital expendituie Hrid finAncixl Investment
Puicliase of tangible fixed assets
Purch&se of investmeiits
17.9741
4,847
12,8211
{42,823
42.823)
Inci'eAsel(decveAse) in ca$li iv the yeAI'
3,866
(18,463)
Recot)ciliAtion of net cash tlow to Niovement Lll Ilet fund$
Inciraselldecre&%el in cash
3,866
118,4631
Nei fiinds at l Api'il 2022
Nel funds at 31 Mairli 2023
30,889
49,352
34,755
30,889
All of ilie cash flow5 are dei'ived tron) coiitinuing apeJxiioDS du¥ing the above two i)eriods.
The notes on pages I I to 16 forjii ali integral pait of these fjnancial siatenients.
Page 10

Butterfield Homes, Crosshi118
Notes to the Finaii¢ial Statements for Éhe Year Eilded 31 March 2023
l Aceountlng policies
Geiieral irtforniAtion
The cliarity is a registered so¢ial housing provider, iegistered in EnglAnd and Wales
Cl)ai"ity registration numher.. 226853
Regulator of Social H0115En¥ registration nuiMber.' A3163
Alinsliouse Asso¢iation nietnbeiship iiumbei.: 1355
The address of Élle registered office 15..
17 Fai'iidale Road
Wilsden
B Tadfoi'd
BD150LW
BASIS of pi'tp#v8tio
Tlie fiiiai)cial stateii)enls liave been prepared in accordaiice witl) applicable #ceovniing slaiidards iiicluding fiiiancial
Repoitiiig Standard 102. tlie Si2teiMetit of Reconimended Pi'a¢¢ice fol. Social 14ou%iiig Providei's 2018, and witli Ilie
Accounting Dire¢iion for pi'ivate iegistered pix>vider5 of social 110115ing in England 2019. Tlie financial statenients are
also pr¢par¢d undei. ￿le ￿equirej￿CJIts of tl)e Housiiig and Regciieration Act 2008.
The finan¢ial slateiiieiits l)ave been prepaitd on a going concem basis under the historical cost conveiitioji, njodified to
include certain ittiiis at fair value.
Tlie registered social housing provider constitutes a publi¢ benefit entity a5 defined by FRS 102.
The signifi¢ani accounting policies applied itl the preparation of tliese fillaiicial stateinents are set out below. These
policies have been consisteiitly api)lied to all yeaTS presented uiiless oiherwise slated.
Tlie cliarity's functiortal and i)resentation ¢urr¢iicy is pounds stei'ling.
Signific8llt judgements e5tiinates
Prei)aration of tlie fiiiancial stateinents Tequires Iiiaiiagement to Inake sigiiifi¢anijudgements and estimate5. The items in
tl)e finan¢ial staleiiieiits where iliese judgeinenis aiid egtimates liave been illade include..
Depi'eeiaiion
Management IEview irs estimates of tlie useful live5 of tlie depreciable assets at each reporting dote. However, by ¢lieir
nature coiiiponent life cartiiol be detei'iiiii)ed witli absolute certainty.
Tui'nover
Turnover iepresents weekly niaintenaiice chai'ge iEceivable, including ivater rates in ihe yeai. net of losses frojn voids,
ai)d aiiiortisation of goveriiinen¢ giants.
Soel#l Housiiig Gi'ajit
Social Housing Grant (SHGI is Irceivable fi.om the Home5 aiid Coinniiinitie5 Agency aiid is utilised 10 reduce the
cai)ital costs of housing pi'opeities. The SHG is I'ecognised iii income oil a systeiMati¢ basis over the expe¢ied useful
eeoiiojiiic life of the asset.
Page 11

Butterfield Home8, Crosshills
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
Investnient income
Income is eai'ned f1￿M lioldiiig fixed assets for investment purposes and is Ircogrttscd when receivable and the amount
can be nieasured by the charity.
Iiiterest on funds held on deposii is ilicluded ivhen receivable and the ainouiit cali be measuird by tlle cliarity.
Iri'ecoverHble VAT
Irre¢overable VAT is charged &8aTnst tlie categoiy of resources expeiided for ivhicli it was incurred.
Taxation
Tlie i'¢gistered soctal liousing pix>videi is con5ideiEd to pass the Icsts set oiit in Pai'agraph I Scliediile 6 of the Fiiiance
Act 2010 and tlieiEf¢Jre il Ineels the definition of a charitable coinpany for UK corpoi?tion tax purpose%. Accordingly,
Ihe Chai'ity is i)otentially exeiiipi fr(1111 taxation in iespeci of iiieonie or capital gains received witliii) ¢alegoi'ic5 coveied
by Cliaprer 3 Part I l of the Corporation T&x Aci 201 O or Section 256 of tlie Taxation of Cliargeable Gairts Aci 1992, to
the ext¢iii Ihai sucli iiieoine or gaiiis are api)lied exclusively lo cliarilable purposes.
Tangible fixed asset5
Taiigible fixed assets Itncluding social housiiig PiDperties} are stated ai cost oi. deemed cost less ac¢uinulated
depreciÈtTon and a¢cumulated iiiipairmeiit losses. Cost includes costs directly altribulable to iiiaking the assei capable of
operating as ititetided sucli as Ilie cost of acquiring land and buildiiigs, developiiients costs. iiiteiEst cliarges oil loans
dui'iiig ilie developinent period and expendituit on improveinents. Expeiidilure oti inipi'oveinenls of thiore Ilian £500
will only be capilalised wlien it results in incremental future benefits sll¢li a5 incieasing IEntal incojiie. reducing
Inainleiiance costs or resuliing in a significallt extension of ihe useful ecortomic life of Ilie properly.
Depre¢iation is pl￿Vided on laiigible fixed assets 50 as to write off tlie cost or valuatton, less any estiinaled residual
value, over their expetted useful econoiiiic life as follows..
Asset elAss
Depieciation method and late
Plant and equipnieiit
l O°A slr2iglit line basis
Propei1ies
50 years
t)oors and iwndows
30 years
Kitchens
2Q yeais
BathiDom
25 years
Boiler5
IS years
Electrical and lieating illstallations
25 year5
Majoi. components of housing pJx)perties have been accounted foi. and depi'ecialed separately fj'om tlie connected
housing i)Ix>perty, over Il)eir expected useful eeononiic lives. The eosts of rei)lacing tliese roinponenls aJE capiialised i
full. Tlie costs of partially replacing oi. repatrijig ihese colmpon￿l1S ale Charged to tlie ¢OiliPTeliensive iiicome.
Investnitvts
Invesiniertls ale Ircognised inltially at fair value wliicli 1% nortnally tlie tian%a¢iion pj'ice excludiog tiunsaction costs.
Subsequeiitly, tliey air nieasured at fail. value Ilirougih tlic stateiijeiit of compieliensive iiicoiiie iftlie sliares air pllblicly
traded or their fair value can otherwise be Jii¢asured reliably. O¢liei' inv¢stiKenis air measuiEd at cost less iiiipaiinieiit.
FinAnci21 in$ti'umeiits
The registei-ed social liollsiiig provider Ollly lias financial liabilities of a kitid th1( t quality as basic fiiiajicial inslixJJi)ei)Is.
Basic financial iiistiwiiie&iis ale illilially IE¢ognised at transa¢iioE) value and subsequently measuied at tlieii. setllenieiit
value.
PagT¢ 12

Butterfield Homes, Crossliills
Notes to the Fiiiancial Statements for the Year Ended 31 March 2023 {continued}
Debtors
Debtors are recognised iniiially wlien tliey beeoiiie due at the transaction pyice. They air subsequently i)i¢asui'ed al
amortis¢d cost using tlie e(fective interest rate nietliod. less PiDViSiOJi for iinpairment. A provisioii for iii)pairineiit of
debtors is eslablislied wlien thei'e is objective evidence tliat (lie ¢liarity will not be able to colle¢1 all ainounis due
accol￿illg to ihe original ¢ernis of the debtor8.
Cish cAsh eqviwalents
Casli and casli equivalenis cuinprise casli on liand and call dep08its. and other short-term highly liquid inves¢inents that
are readily conveitible to a kiiown ainount of casli and are subject to aN lllsignificant i'isk of cliang¢ in value.
Ci'tditors
Credi101s are obligaliot]s to pay for goods and services that liave been Rcqiiii'ed by the charity. CIEditors al'e initially
Ircognised al tlie transaction pi'ice and subsequently Ineasured at ainortised cost usii)g (lie effective interesl niethod.
2 Social liousing turnovcy gnd costs
2023
2022
Turnover
Reiits I'eceivable
Othei. incoine
28.392
28,392
73
Aniortised social housing gyant
3,521
Turnover fi'oin weial housing letting$
31,921
31,986
Adniinisti'ative expenditure
Manag¢ment
SeJ'vi¢e cliarge costs
RouliE)e maiiiienaiice
Depreciation of liousing pyoperties
Giants to individiials
{7,203)
1560)
17,5891
15.485)
11,500
(3.1641
13091
(4,530)
15.1661
122,337
13,169
Operating suiylus on soeiAI letti￿gS
9.584
3 AcconiiiiodAtion owned gild in min8genient
Number of unlts
Number of units
at
I Apyil 2022
31 MAreh 2023
Housing a¢¢omi?iodation
Pa8e 13

Butterfield Homes, Crosshi118
Notes to the Finaneial Statements for the Year Ended 31 Marcli 2023 (continued)
4 Surplus on oi'diiiai'y Activities Is stAted 8fter ehArgingl{cttditingl:
2023
2022
Audit fees
Audit of the financial slateiments ex¢ludin8 VAT
Depreciatioii of freehold prop¢ny
Ajiiortisatioii of goveriiment SI￿tS
655
5,485
525
5,166
13.521
13,5211
5 BoArd and key mAnag¢ment personnel remunergtion expenses
No board n)eTt)ber or key managenieni personnel iiei¢liei' received nor waived any remunei2lioii duiing tlie year.
6 Tangible fixed assets
Land And
buildings
rixtures &
rittiiigs
Total
Cost
At l April 2022
Additions
230,844
7,974
20,625
251,4Cb9
7,974
At 31 Marclj 2023
2J8,818
20.625
259,443
D¢pi'eeiation
At l April 2022
Cliarge foj. the year
At.I l Mareh 2023
36,875
5,485
20,625
57,500
5.485
42,360
20,625
62,985
Net book value
At.31 Mareli 2023
196,458
196,458
At 31 Marcl) 2022
193,969
193,969
7 Fixed fisset investrnei)t5
1020
2022
Li5kd investments
157,700
156.847
Page 14

Butterfield Homes, Crossliills
Note5 to the Finaiicial Statements for the Year Ended 31 March 2023 (eontinued)
Li¥ted inve5tNients
Listed
inve5lni¢nts
Total
At l April 2022
156,847
{3.994)
4,847
156,847
{3,9941
4.847
Revaluation
Additions
Ai 31 Marcli 2023
157,700
157,700
Cayrying Ainouiit
At 31 Mairh 2023
157.700
157,700
At 31 March 2022
156,847
156,847
The fair value of 5isted investnients is delemiined by IEfereiice to the quoted price for idenlieal assets in an active
market ai tlie balance sheet da*. Historical costs of investmeiits are £119,048 (2022- £114,202).
8 Debtors
2023
2022
Piepaynieiits
Otlier d¢btors
1,762
2,872
2.412
9 Crediloi'5: amounts fAlling due within one ye¥i'
2023
2022
Gi?iits
Oiliei. Creditors
Accruals
3.521
105
3.521
688
1,440
5,342
5,649
10 CveditOl'5: amounts fAlling due *ftti' one yeai.
2023
2022
Grant
144,359
147,880
Tlic gixnts &ir repayable if tl)e properties are sold.
Social Housing Graiils totallirtg £183.3911113ve been received. Tliis ivill be iepaid if ihe piDpei-lies ait sold. 'fiie Social
Hoiising Grants are b¢iiio recogni5ed itl iiicoine on a systeiiiaiic basis ovei. Ilie expected useful life of tlie siriicliiTe {50
yeais) aiid equipmen[15 yeai's).
Page 15

Butterfield Homes, Crossliills
Notes to the Financial Statements for Ihe Year Ended 31 March 2023 (cotttinued)
I l Reseryes
} Inconie And expendituie reserve
The incoiiie and expeiiditure reseive repiesents Ilie cuii)ulatlVC 511rplus and deficits n¢¢ of oiher adjuslments.
b) Rev¥luatioii i'eserve
Tlie ievaliiation I'¢se&'ve iEpi'es¢ots the cuiknulate effect of Irvaluaiions of the fjxed assets investments.
12 Relatéd pRrty transActtons
During tlie year Ilie asso¢iaiioii made tlie following related party ti?nsactioiis'.
Buttei'field Honies, Cottingley
IComiE)on trustees)
At the b&laiice slieet date tlie aihouiit due to Butterfield Hornes, Coltin8ley was £10512022- £6881.
Buttei'field Homes, Wil$den
{Coinnion tl'USteesl
At the balaiice slieet date the aiiiount due fi'oin ButteifIeld Flonies, Wilsden was £1,76212022- £1,2S I I.
Tlie above amounts al'e ijiteresr fire.
Page 10