2022-03-31-accounts - Bradford Flower Fund Homes

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		Page
Reference and administrative details ofthe Charity, its Trustees and advisers		1-2
		3-4
Chairman's statement
		5-10
Trustees' report
Trustees' responsibilities	statement
Independent auditors'	report on the financial statements	12-15
Consolidated statement	offinancial activities	16
Consolidated balance sheet		17-18
Charity balance sheet		19-20
Consolidated statement	ofcash flows	21
Notes tothe financial statements		22- 37

Trustees				Christopher Malcolm	Christopher Malcolm	Wood, Chairman
				lan Frank Whitley, Treasurer
				Richard Norman	Farrar
				John Phillip Whitaker
				Pauline Wood
				Mark Theodore Gerdes
				Stephen Russell Thornton
				Andrew Houldsworth
Company	registered
number				601785
Charity registered			number	227170
Registered	office			4a Flower Mount
				Baildon
				Shipley
				BD176SB
Honorary	life	members		Ron Jennings FRICS
				Norman Hudson	MBE
				John Charles Clapham
				Geoffrey Lister CBE
				Susan Kilding
				Wendy Cope
Company	secretary and			David Tarren
Manager
President				Robert Marriott
Independent		auditors		Sagars Accountants		Ltd
				Chartered Accountants
				Gresham House
				5-7St Pauls Street
				Leeds
				West Yorkshire
				LS12JG
Accountants				BHP LLP
				New Chartford	House
				Centurion Way
				Cleckh eaton
				West Yorkshire
				BD193QB

BRADFORD	FLOWER FUND HOMES
(Acompany	limited by guarantee)
TRUSTEES'	REPORT (CONTINUED)
FOR THE YEAR ENDED 31MARCH 2022

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
		Note		f	f
Income from:
Donations and legacies			1,003,700	1,003,700	21,150
Charitable activities			691,754	691,754	643,633
Total income			1,695,454	1,695,454	664,7&3
Expenditure on:
Charitable activities			584,155	584,155	574,424
Total expenditure			5&4,155	584,155	574,424
Net income before	net losses on investments				90,359
Net losses on investments
Net movement in funds			1,111,298	1,111,298	90,359
Reconciliation offunds:
Total funds brought	forward		5p357,552	5,357,552	5,267,193
Net movement in funds			1,111,298	1,111,298	90,359
Total funds carried	forward		6,46&,850	6,468,850	5,357,552

CONSOLIDATED	BALANCE SHEET
ASAT31 MARCH 2022
				2022		2021
		Note		f		F
Fixed assets
Tangible assets				5,623,505		4,954,113
Investments
				5,623,505		4,954,114
Current assets
Debtors		12	14,729		17,496
Cash at bank and in	hand		1,259,769		427,529
			1,274,498		445,025
Creditors: amounts	falling due within one year	13	(66,553)		(41,587)
Net current assets				1,207,945		403,438
Creditors: amounts	falling due after more than
one year		14		(362,600)
Net assets excluding pension asset				6,468,&50		5,357,552
Total net assets				6,468,850		5,357,552
Charity funds
Restricted funds		16
Unrestricted funds		16		6,468,850		5,357,552
Total funds				6,468,850		5,357,552

						2022		2021
				Note		E		f
Fixed assets
Tangible assets				10		4,620,141		3,966,922
Investments
						4,620,141		3,966,923
Current assets
Debtors				12	1,066,436		1,068,836
Cash at bank	and in		hand		873,756		397,469
					1,940,192		1,466,305
Creditors: amounts		falling due within one year		13	(58,232)		(31,326)
Net current	assets					1,881,960		1,434,979
Total assets	less current liabilities					6,502,101		5,401,902
Net assets excluding			pension asset			6,502,101		5,401,902
Total net assets						6p502,101		5,401,902
Charityfunds
Restricted funds				16
Unrestricted	funds			16		6,502,101		5,401,902
Total funds						6,502,101		5,401,902

CONSOLIDATED STATEMENT OF CASH FLOWS	CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED31MARCH 2022
		2022	2021
		f	E
Cash flows from operating	activities
Net cash used in operating	activities	861,188	236,415
Cash flows from investing	activities
Purchase oftangible fixed	assets	(28,948)	(1,001,416)
Net cash used in investing	activities	(28,948)	(1,001,416)
Change in cash and cash equivalents in the year		832,240	(765,001)
Cash and cash equivalents	at the beginning of the year	427,529	1,192,530
Cash and cash equivalents	atthe end ofthe year	1,259,769	427,529
The notes on pages 22to	37form part ofthese financial statements

					Unrestricted	Total	Total
					funds	funds	funds
					2022f	2022f	2021 f
Donations					1,000,000	1,000,000	21,150
Government	grants				3,700	3,700
					1,003,700	1,003,700	21,150
Total 2021					21,150	21,150
Income from charitable		activities
					Unrestricted	Total	Total
					funds	funds	funds
					2022f	2022 f	2021 f
Rents receivable					691,754	691,754	643,633
Analysis of expenditure		on charitable		activites
					Providing
					rented	Total	Total
					property	funds	funds
					2022 f	2022 f	2021 f
Exenditure	oncharitab	le	activities		584,155	584,155	574,424

					Providing
					rented	Total	Total
					property	funds	funds
					2022f	2022 f	2021f
Staff costs					117,326	117,326	105,011
Depreciation					59,556	59,556	60,172
Repairs and maintenance				of buildings	239,388	239,388	262,468
Maintenance	ofgrounds				66,111	66,111	59,964
Water					452	452	151
Gas and electricity					9,176	9,176	15,411
Cleaning					16,726	16,726	12,222
insurance					20,500	20,500	20,416
Council tax					425	425	633
Property management			fees		983	983
Advertising					1,846	1,846	1,390
Bank charges					417	417	652
Accountancy	fees				12,739	12,739	12,666
Office expenses					6,508	6,508	7,476
Professional	fees				16,839	16,839	4,221
Site development		costs			8,608	8,608	3,669
Governance	costs				6,555	6,555	7,902
					584,155	584,155	574,424
2021					574,424	574,424

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		f	f	f
Auditors'	remuneration	4,400	4,400	4,140
Directors'	and officers' liability insurance	193	193	2,705
Travelling		1,081	1,0&1	500
Board expenses		836	836	199
Sundries		45	45
Total 2022		6,555	6,555	7,544

Staff costs
		Group	Group	Charity	Charity
		2022 f	2021 f	2022 f	2021 f
Wages and salaries Social security costs		109,536 5,907	99,103 4,273	109,536 5,907	99,103 4,273
Contribution to defined contribution schemes	pension	1,883	1,635	1,883	1,635
		117,326	105,011	117,326	105,011

Group	Group	Charity	Charity
2022	2021	2022	2021
No.	No.	No.	No.

	Freehold land		Fixtures and	Office
	and property E	Motor vehicles f	fittings E	equipment E	Total E
Cost or valuation
At 1April 2021	5,795,501	6,600	18,843	3,210	5,824,154
Additions	728,948				728,948
At 31March 2022	6,524,449	6,600	18,843	3,210	6,553,102
Depreciation
At 1April 2021	860,768	2,476	4,464	2333	870,041
Charge for the year	54,67&	1,650	2,877	351	59,556
At 31March 2022	915,446	4,126	7,341	2,684	929,597
Net book value
At 31March 2022	5,609,003	2,474	11,502	526	5,623,505
At 31March 2021	4,934,733	4,124	14,379	877	4,954,113

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10. Tangible fixed assets (continued)
Charity

	Freehold		Fixtures and	Office
	property E	Motor vehicles f	fittings f	equipment f	Total E
Cost orvaluation
At 1April 2021	4,811,811	6,600	2,170	3,210	4,823,791
Additions	700,000				700,000
At 31March 2022	5,511,811	6,600	2,170	3,210	Sp523,791
Depreciation
At 1April 2021	850,931	2,476	1,129	2.333	856,869
Charge for the year	44,571	1,650	209	351	46,781
At 31March 2022	895,502	4,126	1,338	2,684	903,650
Net book value
At 31March 2022	4,616,309	2,474	832	526	4,620,141
At 31 March 2021	3,960,880	4,124	1,041	877	3,966,922

Investments in
subsidiary
companiesf

Debtors
		Group 2022 E	Group 2021 E	Charity 2022f	Charity 2021 E
Due within one year Trade debtors		2,894	6,017	2,719	6,017
Amounts owed by group undertakings				1,051,882	1,051,340
Other debtors		171		171
Prepayments	and accrued income	11,664	11,479	11,664	11,479
		14,729	17,496	1,066,436	1,068,836

		Group	Group	Charity	Charity
		2022	2021	2022	2021
		f	f	f	f
Trade creditors		5,128	8,367	2,898	206
Other taxation and social security			1,644		1,644
Other creditors		1,301	1,197	1,301	1,197
Accruals and deferred	income	60,124	30,379	54,033	28,279
		66,553	41,587	58,232	31,326

Group	Group
2022	2021
f	f
362,600

		Group 2022f	Group 2021 f	Charity 2022 f	Charity 2021f
Deferred Resources	income at 1April 2021 deferred during the year	2,912 372,774	10,582 2,912	2,912 6,243	10,582 2,912
Amounts	released from previous periods	(2,912)	(10,582)	(2,912)	(10,582)
Deferred	income at31March 2022	372,774	2,912	6,243	2,912

Statement	offunds	- current yea	r
			Balance at 1			Gains/	Balance at31
			April 2021 f	Incomef	Expendituref	(Losses) f	March 2022 f
Designated	funds
Designated	Funds -	all funds	650,000				650,000
Generalfunds
General Funds			4,751,902	1,640,470	(540,270)	(1)	5,852,101
Retained in	subsidiary		(44,350)	54,984	(43,885)		(33,251)
			4,707,552	1,695,454	(584,155)	(1)	5,818,850
Total Unrestricted		funds	5,357,552	1,695,454	(584,155)	(1)	6,468,850

NOTES	TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 32 MARCH 2022
16.	Statement offunds (continued)
	Statement offunds - prior year
					Balance at
		Balance at			31March
		1April 2020	Income	Expenditure	2021
		E	E	E	E
	Unrestricted funds
	Designated funds
	Designated Funds - all funds	650,000			650,000
	General funds
	General Funds	4,617,193	627,799	(499,764)	4,745,228
	Retained in subsidiary		36,984	(74,660)	(37,676)
		4,617,193	664,783	(574,424)	4,707,552
	Total Unrestricted funds	5,267,193	664,783	(574,424)	5,357,552

Analysis	of net assets between funds -current year
		Unrestricted	Total
		funds	funds
		2022	2022
		E	E
Tangible Current	fixed assets assets	5,623,505 1,274,498	5,623,505 1,274,498
Creditors	due within one year	(66,553)	(66,553)
Creditors	due in more than one year	(362,600)	(362,600)
		6,468,850	6,468,850

Analysis ofnet assets between funds - prior year
	Unrestricted	Total
	funds	funds
	2021 f	2021f
Tangible fixed assets	4,954,113	4,954,113
Fixed asset investments
Current assets	445,025	445,025
Creditors due within one year	(41,587)	(41,587)
Total	5,357,552	5,357,552

				Group	Group
				2022	2021
				f	f
Net income for the	year (as per		Statement of Financial Activities)	1,111,298	90,359
Adjustments for: Depreciation charges Decrease in debtors				59'556 2,767	60,172 101,965
Increase/(decrease)		in creditors		387,567	(16,081)
Freehold property	donated			(700,000)
Net cosh provided	by operating		activities	861,188	236,415
Analysis ofcash and		cash equivalents
				Group	Group
				2022	2021
				f	f
Cash in hand				1,259,769	427,529