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2021-03-31-accounts

Pacaee
Registered
Social Housing
Provider		 Information
Trustees'
Report		 2-6
Report ofthe Auditors
Statement
ofComprehensive
Income
Balance Sheet 10
Statement
ofChanges		 In Reserves
Statement ofCash Flows 12
Notes to the Financial Statements 13-26
The City Charity ofJohn Cockesonne
Statement
of Financial		 Activities 27
Balance Sheet 28
Notes to the Financial Statements 29
Lane Educational
Foundation
Statement ofFinancial Activities 30
Balance Sheet 31
Notes to the Financial Statements 32

REGISTERED NUMBERS: Charity Commissioners 228486
Reguiator ofSocial Housing - Homes England A0581
TRUSTEES: Three appointed
by the Council ofthe		 City of Coventry
Pursuant
to Clause 27
Councillor J.Clifford
D. Kershaw CBE
Councillor
L. Bigham
Two appointed
by the Trustees of Bond's Hospital Estate Charity
Pursuant
to Clause 27
R.M.B.Kenyon
Ms. S.C. Forte
Seven Co-optative Trustees pursuant to Clause 28
V.W. Keene MBE (Chairman)
Mrs. V.E.Rigby (Vice Chair)
Dr. R.M. Spokes
R.B.K. Dyott DL
M. Harban
N. Williams
P. Bhabra
CHIEF EXECUTIVE AND CLERK: M.F.H White, M.R.I.C.S., F.A.A.V.
REGISTERED OFFICE: Bond's Hospital
Hill Street
Coventry
CV1 4AX
AUDITORS: Dafferns
LLP
Chartered
Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB
SOLICITORS: Rotherham
8 Co Limited
8-9The Quadrant
Coventry
CV1 2EG
INVESTMENT ADVISORS: Quilter Cheviot
8'"Floor
Two Snowhill
Birmingham
B46GA
BANKERS: Lloyds Bank pic.
30 High Street
Coventry
CV1 5RA

2021 2020
Notes
TURNOVER 776,210 656,085
Cost ofSales (481,970) (480,956)
Gross Surplus 294,240 175,129
Administrative
expenditure		 (277,852) (212,522)
Other operating income 434,103 511,071
Operating
Surplus		 450,491 473,678
Income from fixed asset investments 99 3,442
Interest receivable and similar income 30 32
Interest payable and similar expenses (89,754) (8,345)
Gain/(loss)
on fair		 value movement of investments 13 902 (3,258)
Surplus for the year being
Comprehensive Income for the year 22 361,768 465,549

2021 2020
Notes
FIXEDASSETS
Housing
properties
at valuation		 11 15,624,438 14,536,793
Other fixed assets 12 20,000 20,000
Investments 13 3,570 3,104
Cash awaiting
investment		 100,750 100,639
15,748,758 14,660,536
CURRENT ASSETS
Debtors —falling due within one year 15 49,338 107,355
Debtors —falling due after more than one year 15 38,985 40,000
Cash at bank 231,696 241,695
320,019 389,050
CREDITORS: Amounts falling due
within one year 16 (251,358) (554,133)
NET CURRENT ASSETS 68,661 (165,083)
CREDITORS: Amounts falling due after
more than one year 17 (5,597,285) (4,637,087)
TOTAL NET ASSETS 10,220,134 9,858,366
RESERVES
Restricted
Revaluation
reserve		 21 3,000,000 3,000,000
Endowment
Fund		 21 4,773,473 4,772,571
Bonds Lodge fundraising 21 50,000
Unrestricted
Designated
reserves		 20 2,441,413 2,028,717
Revenue reserve 22 5,248 7,078
TOTAL RESERVES 10,220,134 9,858,366

Restricted Revaluation Endowment Designated Revenue
Reserve Reserve Fund Reserve Reserve Total
F E
At 1 April 2019: 3,000,000 4,775,829 1,432,071 184,917 9,392,817
Surplus
/ (Deficit) for		 the year: 50,000 (3,258) 596,646 (177,839) 465,549
(Total comprehensive income)
At 31 March 2020: 50,000 3,000,000 4,772,571 2,028,717 7,078 9,858,366
Surplus
/ (Deficit) for		 the year: (50,000) 902 412,696 (1,830) 361,768
(Total comprehensive income)
At 31 March 2021: 3,000,000 4,773,473 2,441,413 5,248 10,220,134

2021 2020
Note
Cash flow from operating activities 26 123,894 744,981
Cash flow from investing activities
Payments to acquire fixed assets (1,087,645) (4,938,064)
Payments to acquire investments (1,396) (43,463)
Receipts from sales of investments 1,832 220,637
Grants received 393,750
Interest received 30 32
Dividends received 99 3,442
Net Cash flow from investing activities (693,330) (4,757,416)
Cash flow from financing activities
Receipt of new long-term
loans		 651,500 3,380,000
Repayment of long-term
loans		 (2,198) (639)
Interest Paid (89,754) (8,265)
Net Cash flow from financing activities 559,548 3,371,096
Net (decrease)/increase
in cash and cash equivalents		 (9,888) (641,339)
Cash and cash equivalents at 1 April 2020 342,334 983,673
Cash and cash equivalents at 31 March 2021 332,446 342,334
Gash and cash equivalents consist of:
Cash at bank and
in hand		 231,696 241,695
Cash awaiting
investment		 100,750 100,639
Cash and cash equivalents at 31 March 2021 332,446 342,334

2021 2021
0 eratin costs note 3
Turnover Cost of Admin ~Oeratin
Sales Costs sur lus/ deficit
Social Housing lettings:- F
Contributions: 117supported housing units 597,648
Service charges 206,336
Light and heat contributions 56,094
Less: Voids (83,868)
776,210 481,970 175,785 118,455
Non Housing
activities:-
Donations - Bond's Hospital Estate Charity 400,000
- Other sundry donations 29,580
429,580
Room hire 383
Other income 4,140
434,103 102,067 332,036
Total 1,210,313 481,970 277,852 450,491
2020
0 eratin costs note 3
Turnover Cost of Admin ~Oeratin
Sales Costs sur lus/ deficit
Social Housing lettings:- E
Contributions: 73supported housing units 421,589
Service charges 197,319
Light and heat contributions 60,416
Less: Voids (23,239)
656,085 480,956 136,384 38,745
Non Housing activities:-
Donations — Bond's Hospital Estate Charity 360,000
- 29 May 1961 Charitable Trust 100,000
- General Charities 35,000
- Other sundry donations 8,600
503,600
Room hire 3,531
Other income 3,940
511,071 76,138 434,933
Total 1,167,156 480,956 212,522 473,678

2021 2020
OPERATING COSTS
ALMSHOUSE COSTS
Primary costs of lettings
Management:
Scheme managers'
salaries,		 national insurance and pensions 82,040 59,104
Service charge costs:
Rates and water 20,632 15,974
Insurance 15,889 12,766
Light and heat 118,173 97,042
Laundry,
cleaners and		 cleaning materials 41,999 42,432
Telephone 18,946 16,504
Gardener
and garden expenses		 20,367 27,619
Other charges:
Staff training
and expenses		 233 2,959
Sundry expenses 21,733 9,981
ITfacilities 23,003 7,176
Professional fees 450
Planned
Maintenance:		 Cyclical maintenance 118,955 188,509
Bad debt 440
OPERATING EXPENDITURE ON SOCIAL HOUSING LETTINGS 481 970 480 956
ADMINISTRATIVE
EXPENSES
Management:
Chief Executive, Operations manager and Secretary's salaries,
national
insurance
and		 pension 151,217 118,969
Other charges:
Professional fees 12,000 12,000
Computer
and office expenses		 10,204 5,415
Bank charges 1,968
Pension Administration 396
ADMINISTRATIVE
EXPENDITURE		 ON SOCIAL HOUSING LETTINGS 175785 136384
NON-HOUSING
ADMINISTRATIVE		 EXPENSES
Governance
Costs
Chief Executive and Clerk 24,387 23,734
Audit 3,500 3,300
Accountancy 4,085 4,391
Legal and professional fees
Subscriptions 5,204 2,710
37176 34135
Other expenditure:
Bond's Lodge project 49,944 13,964
History ofBonds and Fords Hospital book 3,073
Grants (see note 6) 15,117 22,575
Costs to generate
funds		 (170) 2,391
TOTAL NON-HOUSING ADMINISTRATIVE EXPENSES 102067 76138
TOTAL OPERATING COSTS 759,822 693,478

NOTES TO THE FINANCIAL STATEMEN
for the year ended 31 March 2021		 NOTES TO THE FINANCIAL STATEMEN
for the year ended 31 March 2021		 TS
4. INTEREST RECEIVABLE AND INVESTMENT INCOME 2021 2020
F
Equities 99 3,442
Cash deposits 30 32
129 3,474
5. INTEREST PAYABLE AND SIMILAR CHARGES 2021 2020
F
Bank interest 15
Loan interest 89,754 8,330
89,754 8,345
GRANTS 2021 2020
Grants to institutions
National Association ofAlmshouses 138 202
Carers Trust 500 500
Fridays 500
Tiny Tims 500
House of Empowerment 500
Woodfield School 500
Kairos 1,500
Revitalise 750
Coventry
Cyrenians		 300
Tea and Talk Club 200
Coventry
City Mission		 1,000
Enterprise
Club for Disabled People		 500
Risen Christ Lunch Club 750
Happy Days 750 750
Coventry
Independent		 Advice Service 1,000
Zoe's Place Baby Hospice 1,500
Mercia Therapy 500 1,000
Coventry
Boot Fund		 1,000 500
The Lighthouse 500 500
6,888 9,452
Grants to individuals 1,560 6,389
Residents'
Welfare		 6,669 6,734
Total 15,117 22,575

Almshouses
and the remaining
25/		 Almshouses
and the remaining
25/		 o is allocated to Governance
of		 the Charit y.
8. AUDITORS REMUNERATION 2021 2020
F F
Fees payable (exclusive ofVAT) to the
auditor
in relation to the period ofaccount
for the audit ofthe annual accounts 3,500 3,300
Fees payable
(exclusive ofVAT) to		 the
auditor for other services in relation to the
period ofaccount. 4,085 5,232
9. STAFF COSTS 2021 2020
E
Wages and salaries 252,602 208,738
Social security costs 23,144 18,970
Pension costs 6,040 8,145
281,786 235,853
The number ofemployees earning overf60,000per year (including benefits) in the period is as follows:
2021 2020
No. No.
f90,001- f100,000 1 1
The average
number ofemployees		 during the year, expressed
in full time equivalents,
was:-
Chief Executive
Manager
Administrator
Scheme managers
Other staff

market basis and o market basis and o n transition
to FRS102 in 2015,was taken as		 the deemed cost.
13. INVESTMENTS Quoted
investments
Market value at 1 April 2020 3,104
Additions 1,396
Disposals (1,832)
Investment gains/(losses) 902
Market value at 31 March 2021 3,570
Historical cost at 31 March 2021 3,130
2021 2020
Quoted investments at market value comprise: E
UK fixed interest 85 128
Overseas fixed interest 59 26
Unit trusts 3,426 2,950
3,570 3,104

for th for th for th e year ended 31 March 202 1
14. ACCOMMODATION
OWNED AND		 IN MANAGEMENT 2021 2020
No. flats No. flats
Social housing:
Housing
for older		 people —affordable rent
Ford's Hospital 5 5
Bond's Hospital 41 42
Bond's Court 26 26
Bond's Lodge 45
Total Owned
and		 Managed 117 73
Accommodation in development
Bond's Lodge 45
15. DEBTORS 2021 2020
Social housing
rent arrears		 33,884 22,436
Prepayments
and accrued interest		 54,185 68,094
Vat recoverable 254 6,655
Dividends 170
Accrued donations 50,000
88,323 147,355
Debtors falling due within one year 49,338 107,355
Debtors falling due after more than one year 38,985 40,000
88,323 147,355
16. CREDITORS: Amounts falling due within one year 2021 2020
Royal Bank ofScotland pic loan 691 623
Charity
Bank Loan		 79,636
Almshouse
Loan		 3,150
Accruals 167,881 553,510
251,358 554,133
17. CREDITORS: Amounts falling due after more 2021 2020
than one year
Royal Bank ofScotland pic loan 75,146 75,837
Deferred capital grant —Homes England 1,575,000 1,181,250
Charity Bank Loan 3,920,364 3,380,000
Almshouse
Loan		 26,775
5,597,285 4,637,087

An analysis
ofthe maturity
o		 floans is given below:-
2021 2020
E F
Amounts
falling due within one year or on demand:
Bank loan - RBS 691 623
Charity Bank Loan 79,636
Almshouse
Loan		 3,150
Amounts
falling due between		 one and two years:
Bank loan 768 691
Charity Bank Loan 138,445 79,636
Almshouse
Loan		 3,150
Amounts
falling due between		 two and five years:
Bank loan 2,850 2,567
Charity Bank Loan 432,979 423,990
Almshouse
Loan		 9,450
Amounts
falling due in more		 than five years:
Bank loan 71,528 72,579
Charity Bank Loan 3,348,940 2,876,374
Almshouse
Loan		 14,175
4,105,762 3,456,460

F3,150per annum. The loan is unsecured
and attracts no inte		 F3,150per annum. The loan is unsecured
and attracts no inte		 F3,150per annum. The loan is unsecured
and attracts no inte		 F3,150per annum. The loan is unsecured
and attracts no inte		 rest.
DEFERRED GRANT INCOME 2021 2020
F
At 1 April 2020 1,181,250 1,181,250
Grant received in year 393,750
Released in year
At 31 March 2021 1,575,000 1,181,250
Amounts to be released within one year
Amounts to be released in more than one year 1,575,000 1,181,250
1,575,000 1,181,250

out of unre stri cted
funds by the Trustee		 s for specific purposes.
Bond's Extraordinary Cyclical
Lodge Repair Maintenance
Fund Fund Fund Total
P
Balance at 1 April 2020 1,933,977 90,186 4,554 2,028,717
Investment income 113 113
Transfers in 455,188 126,350 581,538
Transfers out (50,000) (118,955) (168,955)
Balance at 31 March 2021 2,389,165 40,299 11,949 2,441,413
Represented by:-
Fixed Assets 7,994,090 7,994,090
Debtors 4,498 4,498
Creditors (5,604,925) (3,110) (5,608,035)
Cash 40,299 10,561 50,860
2,389,165 40,299 11,949 2,441,413

Revaluation
Reserve Bond's
Housing Endowment Lodge
~Pro erties Fund ~Fundraisin Total
E
Balance at 1 April 2020 3,000,000 4,772,571 50,000 7,822,571
Surplus for the year 902 902
Transfers for the year (50,000) (50,000)
Balance at 31 March 2021 3,000,000 4,773,473 7,773,473
Represented by:-
Fixed Assets 3,000,000 4,650,348 7,650,348
Investments 104,320 104,320
Debtors
Creditors
Cash 18,805 18,805
3,000,000 4,773,473 7,773,473

RESERVES
Restricted Designated Unrestricted
Reserves Reserves Revenue
~note 21 (note 20) Reserves Total
Balance at 31 March 2020 7,822,571 2,028,717 7,078 9,858,366
Surplus for the year 902 113 360,753 361,768
Transfers for the year (50,000) 412,583 (362,583)
Balance at 31 March 2021 7,773,473 2,441,413 5,248 10,220,134

CAPITAL FUNDING AND COM MITM ENT S
2021 2020
E E
Expenditure
that has been contracted		 for, but has
not been provided
for in the financial		 statements 1,080,000
It is intended
that this anticipated		 capital expenditure will be financed by:
Loans 650,000
Other sources 430,000
1,080,000
CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
E E
Surplus for the period 361,768 465,549
Interest payable 89,754 8,265
Interest Received (30) (32)
Dividends
Received		 (99) (3,442)
(Gains)/Losses
on investments		 (800) (4,919)
Proceeds ofsale offixed asset investments (1,832) (220,637)
Carrying
amount offixed asset		 investment disposals 1,730 228,813
Decrease/(Increase)
in debtors		 59,032 (59,279)
Increase
in other creditors		 (385,629) 330,663
Net Cash flow from operating activities 123,894 744,981
Unrestricted Endowment Total
funds funds 2021 2020
E P E
INCOME AND ENDOWMENTS
Incoming resources
Investment
income		 5,587 5,587 4,919
Interest receivable 1
Total incoming
resources		 5,587 5,587 4,920
Resources expended
Charitable
activities:
Distribution
ofcash to certain
Trustees to be used for relief
purposes 360 360 330
Grants: Relief in need:
- Foleshill Baptist Church 1,000 1,000 2,000
- Broad Street Meeting Hall Ltd 2,000
- Feeding Coventry 2,000
Governance
costs:
Bank charges
Total resources expended 1,360 1,360 6,330
(Losses) / Gains on investments 26,308 26,308 (12,301)
Net incoming/(outgoing) resources for the year 4,227 26,308 30,535 (13,711)
Fund balances brought forward
at 1 April 2020 5,754 165,595 171,349 185,060
Fund balances carried forward
at 31 March 2021 9,981 191,903 20'l,884 171,349

FIXEDASSET INVESTMENTS 2021 2020
F F
Market value 31 March 2020 165,595 177,896
Investment
gains		 26,308 (12,301)
Market value 31 March 2021 191,903 165,595
2. ANALYSIS OF NET ASSETSBETWEEN FUNDS Net current
Investments assets Total
F
Endowment fund 191,903 191,903
Unrestricted fund 9,981 9,981
191,903 9,981 201,884

Unrestricted Endowment Total
funds funds 2021 2020
F F E
INCOME AND ENDOWMENTS
Incoming resources from generated funds
Investment
income		 1,790 1,790 1,419
Total incoming
resources		 1,790 1,790 1,419
RESOURCES EXPENDED
Charitable
activities:
Grants: Educational
purposes
—Coventry School Foundation 1,000
Governance costs:
Audit and accountancy
Bank charges
Total resources expended 1,000
Gains on investments 12,117 12,117 (8,805)
Net incoming/(outgoing) resources for the year 1,790 12,117 13,907 (8,386)
Fund balances brought forward
at 1 April 2020 1,603 49,409 51,012 59,398
Fund balances carried forward
at 31 March 2021 3,393 61,526 64,919 51,012

FIXEDASSET INVESTMENTS 2021 2020
E
Charishare
Common
Investment		 Fund
Market value
1 April 2020		 49,409 58,214
Investment
gains/(losses)		 12,117 (8,805)
Market value 31 March 2021 61,526 49,409
2. ANALYSIS OF NET ASSETSBETWEEN FUNDS Net current
Investments assets Total
E
Endowment funds 61,526 61,526
Unrestricted funds 3,393 3,393
61,526 3,393 64,919