##
||||~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|
##
|2.|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|
##
|2.|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|