2022-03-31-accounts - Coventry Church (Municipal) Charities

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			~Pa e
Registered Social Housing Provider		Information
Trustees' Report			2-8
Report ofthe Auditors			9-10
Statement ofComprehensive Income
Balance Sheet			12
Statement of Changes	In Reserves		13
Statement ofCash Flows			14
Notes to the Financial	Statements		15-28
The City Charity ofJohn Cockesonne
Statement of Financial	Activities
Balance Sheet			30
Notes to the Financial	Statements		31
Lane Educational Foundation
Statement ofFinancial	Activities		32
Balance Sheet			33
Notes to the Financial	Statements

REGISTERED NUMBERS:	Charity Commissioners				228486
	Regulator ofSocial Housing	—Homes		England	A0581
TRUSTEES:	Three appointed by the Council ofthe			City of Coventry
	Pursuant to Clause 27
	Councillor J.Clifford
	Mr D. Kershaw CBE
	Councillor L. Bigham
	Two appointed by the Trustees of Bond's Hospital				Estate Charity
	Pursuant to Clause 27
	Mr R.M.B.Kenyon
	Ms. S.C. Forte
	Seven Co-optative Trustees	pursuant		to Clause 28
	Mr V.W. Keene MBE (Chairman		up to	3 March 2022)
	Mrs. V.E. Rigby (Chairman	from	3 March 2022)
	Mr M. Harban (Vice Chair from 3 March 2022)
	Dr. R.M. Spokes
	Mr R.B.K. Dyott DL
	Mr N. Williams
	Mrs 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 &Co Limited
	8 - 9The Quadrant
	Coventry
	CV1 2EG
BANKERS:	Lloyds Bank pic.
	30 High Street
	Coventry
	CV1 5RA

			2022	2021
		Notes
TURNOVER			1,098,359	776,210
Cost ofSales			(641,731)	(481,970)
Gross Surplus			456,628	294,240
Administrative expenditure			(191,631)	(277,852)
Other operating income			83,283	434,103
Operating Surplus			348,280	450,491
Income from fixed asset investments			23	99
Interest receivable and similar income			48	30
Interest payable and similar expenses			(94,661)	(89,754)
Gain/(loss) on fair value movement	of investments	13	358	902
Surplus for the year being Comprehensive Income for the year		22	254,048	361,768

			2022	2021
		Notes
FIXEDASSETS
Housing properties at valuation		11	15,662,721	15,624,438
Other fixed assets		12	20,000	20,000
Investments		13		3,570
Cash awaiting investment				100,750
			15,682,721	15,748,758
CURRENT ASSETS
Debtors —falling due within one year		15	37,552	49,338
Debtors —falling due after more than one year		15	37,246	38,985
Cash at bank			457,923	231,696
			532,721	320,019
CREDITORS: Amounts	falling due
within one year		16	(292,517)	(251,358)
NET CURRENT ASSETS			239,004	68,661
CREDITORS: Amounts	falling due after
more than one year		17	(5,448,743)	(5,597,285)
TOTAL NET ASSETS			10,474,182	10,220,134
RESERVES
Restricted
Revaluation reserve		21	3,000,000	3,000,000
Endowment Fund		21	4,773,831	4,773,473
Unrestricted
Designated reserves		20	2,588,158	2,441,413
Revenue reserve		22	112,193	5,248
TOTAL RESERVES			10,474,182	10,220,134

		Restricted	Revaluation	Endowment	Designated	Revenue
		Reserve	Reserve	Fund	Reserve	Reserve	Total
				F		F
At 1 April 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 At 31 March 2021:	income)		3,000,000	4,773,473	2,441,413	5,248	10,220,134
Surplus / (Deficit) for (Total comprehensive At 31 March 2022:	the year: income)		3,000,DDD	358 4,773,831	146745 2,588, 'l58	1D6945 112,193	254 048 10,474,182

					2022	2021
				Note
Cash flow	from operating	activities		25	363,575	123,894
Cash flow	from investing	activities
Payments	to acquire fixed assets				(38,283)	(1,087,645)
Payments	to acquire investments					(1,396)
Receipts from sales ofinvestments					3,928	1,832
Grants received						393,750
Interest received					48	30
Dividends	received				23	99
Net Cash	flow from investing		activities		(34,284)	(693,330)
Cash flow	from financing	activities
Receipt of	new long-term loans					651,500
Repayment	of long-term loans				(109,153)	(2,198)
Interest Paid					(94,661)	(89,754)
Net Cash	flow from financing		activities		(203,814)	559,548
Net (decrease)/increase in cash and cash equivalents					125,47?	(9,888)
Cash and	cash equivalents	at	1 April 2021		332,446	342,334
Cash and	cash equivalents	at	31March 2022		457,943	332,446
Cash and	cash equivalents	consist of:
Cash at bank and in hand					457,943	231,696
Cash awaiting investment						100,750
Cash and	cash equivalents	at	31March 2022		457,943	332,446

TURNOVER,		OPERATING	C	OSTS	AND O	PERATING S	URPLUS
								2022
							0 eratin		costs	note 3
						Turnover	Cost of		Admin		~Qeratin
							Sales			Costs	sur	lus/ deficit
Social Housing		lettings:				F
Contributions:		118supported		housing	units	861,111
Service charges						201,188
Light and heat		contributions				69,350
Less: Voids						(33,290)
						1,098,359	641,731		145,586		311,042
Non-Housing	activities:
Donations - Bond's Hospital				Estate Charity		75,652
- Other sundry			donations			3,820
						79,472
Room hire						3,597
Other income						214
						83,283			46,045			37,238
Total						1,181,642	641,731		191,631		348,280
								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

fo	r the	year ende	d 31 M	arch 2022
					2022	2021
OPERATING COSTS
ALMSHOUSE COSTS
Primary costs of lettings
Management:
Scheme managers' salaries, national		insurance,	and pensions		145,083	82,040
Service charge costs: Rent					9,124
Rates and water					25,536	20,632
Insurance					22,070	15,889
Light and heat Laundry, cleaners, and cleaning Telephone Gardener and garden expenses	materials				134,182 41,560 19,597 33,151	118,173 41,999 18,946 20,367
Other charges: Staff training and expenses Sundry expenses Central control and Careline					1,222 36,812 15,154	233 21,733
ITfacilities					8,974	23,003
Planned Maintenance: Cyclical	maintenance				149,266	118,955
OPERATING EXPENDITURE ON SOCIAL HOUSING				LETTINGS	641 731	481 870
ADMINISTRATIVE EXPENSES
Management: Chief Executive, Operations Manager national insurance, and pensions		and Administrative		staff salaries,	115,032	151,217
Other charges: Professional fees					22,323	12,000
Computer and office expenses Bank charges Pension administration					5,905 1,930 396	10,204 1,968 396
ADININISTRATIVE EXPENDITURE		ON SOCIAL HOUSING LETTINGS			145586	175785
NON-HOUSING ADMINISTRATIVE		EXPENSES
Governance Costs
Chief Executive					24,199	24,387
Audit					3,750	3,500
Accountancy					4,299	4,085
Legal and professional fees Subscriptions					3,649	5,204
					35897	37176
Other expenditure: Bond's Lodge project Grants (see note 6) Costs to generate funds					10,148	49,944 15,117 (170)
TOTAL NON-HOUSING ADMINISTRATIVE EXPENSES					46 045	102067
TOTAL OPERATING COSTS					833,362	759,822

NOTES TO THE FINANCIAL STATENIEN for the year ended 31 Nlarch 2022	NOTES TO THE FINANCIAL STATENIEN for the year ended 31 Nlarch 2022	NOTES TO THE FINANCIAL STATENIEN for the year ended 31 Nlarch 2022	TS
INTEREST RECEIVABLE AND INVESTMENT INCOME			2022	2021
			E
Equities			23	99
Cash deposits			48	30
			71	129
INTEREST PAYABLE		AND SIMILAR CHARGES	2022	2021
				F
Loan interest			94,661	89,754
			94,661	89,754
GRANTS			2022	2021
Grants to insfitutions
National Association	ofAlmshouses		213	138
Carers Trust				500
Fridays				500
Tiny Tims				500
House ofEmpowerment				500
Woodfield School				500
Kairos				1,500
Happy Days Mercia Therapy Coventry Boot Fund				750 500 1,000
The Lighthouse Myton Hospice Revitalise			572 550	500
Coventry Independent Coventry Foodbank Cyrenians Shine A Light		Advice Service	1,000 1,440 500 1,000
			5,275	6,888
Grants to individuals				1,560
Residents' Welfare			4,873	6,669
Total			10,148	15,117

s follows:
2022	2021
No.	No.

		Long term
		Leasehold	Freehold
		~Pro erties	Property	Total
Cost or valuation	1 April 2021	10,994,090	4,630,348	15,624,438
Additions		38,283		38,283
Cost or valuation	31 March 2022	11,032,373	4,630,348	15,662,721
Net Book Value	31 March 2021	10,994,090	4,630,348	15,624,438
Net BookValue	31 March 2022	11,032,373	4,630,348	15,662,721
The long-term leasehold properties are:

INVESTMENTS	INVESTMENTS			Quoted
				investments
Market value at 1 April 2021				3,570
Additions
Disposals				(3,928)
Investment	gains/(losses)			358
Market value at 31 March 2022
Historical	cost at 31 March 2022
			2022	2021
Quoted investments		at market value comprise:
UK fixed interest				85
Overseas	fixed interest			59
Unit trusts				3,426
				3,570

		for th	for th	e year ended 31 March 2022
14.	ACCOMMODATION	OWNED AND		IN MANAGEMENT	2022	2021
					No. flats	No. flats
	Social housing:
	Housing for older people		—affordable	rent
	Ford's Hospital				5	5
	Bond's Hospital Bond's Court				42 26	41 26
	Bond's Lodge				45	45
	Total Owned and Managed				118	117
15.	DEBTORS				2022	2021
	Social housing rent arrears Prepayments and accrued interest				24,742 50,056	33,884 54,185
	Vat recoverable					254
					74,798	88,323
	Debtors falling due Debtors falling due	within after	one year more than one year		37,552 37,246	49,338 38,985
					74,798	88,323
16.	CREDITORS: Amounts		falling due within one year		2022	2021
	Royal Bank ofScotland		Loan		768	691
	Charity Bank Loan				122,098	79,636
	Almshouse Loan					3,150
	Accruals and other	creditors			169,651	167,881
					292,517	251,358
17.	CREDITORS: Amounts		falling due after more		2022	2021
	than one year				F
	Royal Bank ofScotland Charity Bank Loan		Loan		74,378 3,799,365	75,146 3,920,364
	Almshouse Loan					26,775
	Deferred capital grant-		Homes England		1,575,000	1,575,000
					5,448,743	5,597,285

An analysis ofthe maturity of	loans is given below:
		2022	2021
Amounts falling due within one year or on demand: Royal Bank ofScotland Loan		768	691
Charity Bank Loan		122,098	79,636
Almshouse Loan			3,150
Amounts falling due between	one and two years:
Royal Bank ofScotland Loan		852	768
Charity Bank Loan		124,981	138,445
Almshouse Loan			3,150
Amounts falling due between	Iwo and five years:
Royal Bank ofScotland Loan		3,164	2,850
Charity Bank Loan		393,654	432,979
Almshouse Loan			9,450
Amounts falling due in more than five years:
Royal Bank ofScotland Loan		70,362	71,528
Charity Bank Loan		3,280,730	3,348,940
Almshouse Loan			14,175
		3,996,609	4,105,762

out ofunre	stri	cted funds by the Trustee	s for specific purposes.
			Bond's	Extraordinary	Cyclical
			Lodge	Repair	Maintenance
			Fund	Fund	Fund	Total
Balance at 1		April 2021	2,389,165	40,299	11,949	2,441,413
Investment	income
Transfers	in		146,745		149,266	296,011
Transfers	out				(149,266)	(149,266)
Balance at 31 March 2022			2,535,910	40,299	11,949	2,588,158
Represented		by:
Fixed Assets			8,032,373			8,032,373
Debtors
Creditors			(5,496,463)			(5,496,463)
Cash				40,299	11,949	52,248
			2,535,910	40,299	11,949	2,588,158

		Revaluation
		Reserve
		Housing	Endowment
		~Pro erties	Fund	Total
				F
Balance at. 1	April 2021	3,000,000	4,773,473	7,773,473
Surplus for the year			358	358
Balance at 31 March 2022		3,000,000	4,773,831	7,773,831
Represented	by:
Fixed Assets		3,000,000	4,650,348	7,650,348
Investments
Debtors
Creditors
Cash			123,483	123,483
		3,000,000	4,773,831	7,773,831

RESERVES
	Restricted	Designated	Unrestricted
	Reserves	Reserves	Revenue
	~note 21	ioote 20i	Reserves	Total
				F
Balance at 31 March 2021	7,773,473	2,441,413	5,248	10,220,134
Surplus for the year Transfers for the year	358	146,745	253,690 (146,745)	254,048
Balance at 31 March 2022	7,773,831	2,588,158	112,193	10,474,182

CASH FLOW FROM	OPERATI	NG ACTIVITIE	S
					2022	2021
					F	F
Surplus for the period				254,048		361,768
Interest payable				94,661		89,754
Interest Received					(48)	(30)
Dividends Received					(23)	(99)
(Gains)/Losses on investments					(358)	(902)
Decrease/(Increase)	in debtors			13,525		59,032
Increase in other creditors					1,770	(385,629)
Net cash flow from operating		activities		363,575		123,894
Analysis ofchanges	in net debt
			2021	Cashflows	Non-cash	2022
						F
Short-term borrowings			83,477		39,839	122,866
Long-term borrowings			4022 285	(109153)	(39,839)	3,873,743
Total liabilities			4,105,762	(109,153)		3,996,609
Cash at bank			(231,696)	226,227		(457,923)
Total net debt			3,874,066	117,074		3,538,686

		Unrestricted	Endowment	Total
		funds	funds	2022	2021
INCOME AND ENDOWMENTS
Incoming resources
Investment income		4,212		4,212	5,587
Interest receivable
Total incoming resources		4,212		4,212	5,587
Resources expended
Charitable activities:
Distribution ofcash to certain
Trustees to be used for relief
purposes		600		600	360
Grants: Relief in need:
- Foleshill Baptist - 13~Scout Group	Church	1,500 1,000		1,500 1,000	1,000
- Coventry Food Bank		240		240
Governance costs:
Bank charges
Total resources expended		3,340		3,340	1,360
(Losses) / Gains on investments			15,177	15,177	26,308
Net incoming/(outgoing)	resources for the year	872	15,177	16,049	30,535
Fund balances brought at 1 April 2021	forward	9,981	191,903	201,884	171,349
Fund balances carried	forward
at 31 March 2022		10,853	207,080	217,933	201,884

ANALYSIS	OF NET ASSETSBETWEEN FUNDS		Net current
		investments	assets	Total
				E
Endowment	fund	207,080		207,080
Unrestricted	fund		10,853	10,853
		207,080	10,853	217,933

			Unrestricted	Endowment	Total
			funds	funds	2022	2021
			F
INCOME AND ENDOWMENTS
Incoming resources from	generated	funds
Investment income			930		930	1,790
Total incoming resources			930		930	1,790
RESOURCES EXPENDED
Charitable activities:
Grants: Educational purposes
-Coventry School	Foundation		1,000		1,000
Governance costs:
Audit and accountancy
Bank charges
Total resources expended			1,000		1,000
Gains on investments				4,729	4,729	12,117
Net incoming/(outgoing)	resources	for the year	(70)	4,?29	4,659	13,907
Fund balances brought forward at 1 April 2021			3,394	61,525	64,919	51,012
Fund balances carried forward
at 31 March 2022			3,324	66,254	69,578	64,919

		BALANCE 31 March	SHEET 2022
			31 March		31 March
			2022		2021
		Notes
FIXEDASSET INVESTMENTS			66,255		61,526
CURRENT ASSETS
Cash at Lloyds Bank pic			3,323	3,393
CREDITORS: Amounts	falling due
within one year
NET CURRENT ASSETS			3,323		3,393
NET ASSETS			69,578		64,919
FUNDS
Endowment			66,254		61,526
Unrestricted			3,324		3,393
			69,578		64,919

FIXEDASSET INVESTMENTS		2022	2021
		E
Charishare Common Investment	Fund
Market value 1 April 2021		61,526	49,409
Investment gains/(losses)		4,729	12,117
Market value 31 March 2022		66,255	61,526

ANALYSIS	OF NET ASSETS BETWEEN FUNDS		Net current
		Investments	assets	Total
		F		E
Endowment	funds	66,254	1	66,255
Unrestricted	funds		3,323	3,323
		66,254	3,324	69,578