Reglstered number: 02618973 Chartty number: 101)0653 THE HAMLET CENTRE TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 THE HAMLET CENTRE TRUST (A Company Umlted by Guarants?) CONTENTS Ref￿9n¢¥ and Admlnlstrativ8 Dotsils of the Charity. its Trustees and Advl$eTS Trustees. Rfrport Indep9ndgnt Audilors. Report on the Flnancial Statements Statèmènt of Flnanclal Actlvllles 2-11 12-15 16 Balance She9t 17-18 Statement of Cash Flows 19 Notes to the Flnanclal Stat•m•nts 20-40 THE HAMLET CENTRE TRUST (A Company Llmltod by Guarantso) REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDEO 31 MARCH 2022 Trustè8S Stuart Ma￿￿8, Chair Ann Way Hester Coutanche Susan Coombe, Vic8 Chair Caron 89tt$ Stephen Riley-Elliott (resigned 21 July 20211 Alexandra Lynch (appointed 19 May 20211 Jonathan Nelson (appointed 19 May 20211 Company reglstered numbgr 02518973 Charity wlstered numb9r 100LE53 Reg18tered offlce The Hamlet Charity Johnson Place )twi¢h Norfolk NR21SJ Company secretary Pauline Morgan {rgsigned 26 November 20211 Eleanor Coulson lappointsd 26 November 2021) Chlef ex¢¢utlve offlcer Pauline Morgan {resigned 26 November 2021) Elèanor Cou180n (appointed 26 November 20211 Ind•pondent audllors 4 Partners Audrt LLP Chartered Accountants 7 The Close NO￿l¢h Norfolk NR14DJ Bankers CAF Bank knmited PO Box 289 West Malh'ng Kent ME19 4TA Lloyds TS8 Bank pk 16 Genueman's Walk NoNich Norfolk NR2 1LZ Page 1 THE HAMLET CENTRE TRUST IA Company Limitod by Guarante0} TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Twstees present their annual report toggther with the audited ffin8ncial ststements of thg Charity for the year 1 April 2021 to 31 March 2022. The Annual Report seryes the purposes of both a Trustees, Report and a Direclors, Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company compty wlh the ¢urrenl statutory requirements. the requirements of the charitable companls governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} (effective 1 January 20191. Since Ihe Charty qualifies as small under soclion 382 of the Companios Act 2006, the Stratggic Report required of medium and large companies under tho Companies Ad 20￿ Isliatggi¢ Report and Diredors, Reporti Regulations 2013 has been omitted. Trustees The Trustee$ who have served during the year are shown on page 1. One Trustee resigned during the year. Stephen Riley-Elliot resigned as Trustee in Juty 2021. We welcomed new Trustees Alexandra Lyn¢h and Jonathan Nelson in May 2021. ob￿CtIVeS and actlvltlgs . Policies and objective* The oty'e¢tive8 of The Hamlet Centre Trust a5 set out in our Memorandum and Articles ofAS$OCkg1ion (amended May 19931 arè.. lil the relief of persons with special needs., and, li1} th8 advancement of education of Children and young persons wlh special needs within the areas of NoThMch and Norfolk. In setting objectives and planning for aclivilies. the Trustees have given du& consideration to general guidance published by the Charity Commission relating lo public benefiL including the gLFtdance 'Public benefit.. running a charty IPB21'. b. Stratsgies for achlevlng oblectlv88 The objectives have been mel by prowding the following servicgs.. The Hive and Little Bees Support for Families and Children under 5 with disabiliti8s and ccfflplex health need Short Breaks for children wlh disabilities from 5- 17 years inclusive Early Explorers Pre-school for children from 2 years with and wthout disabilities Day Services for young aduhs from 18 10 29 years of age Out of Hours Club in the evenings and at weekends for people from 16 years of ag& wth a disabilty Saturday Club for people frrAn 16 years of age wth disabilities Pagg 2 THE HAMLET CENTRE TRUST IA Company Llmlted by Guarants8) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Obj•ctlves and actlvltles l¢onllnued} c. Actlvltles undortakgn to aGhleve obJ•rtives Th8 Strateg￿ direction to meet these 0￿.ectIveS includes the following.. To promote indusion and integration To maximise the use of The Hamlet at the three srtes To increase the provision of over the week lo meet the needs of thg people we supixjrt To incraase options and Choices for those who use our services To beeome more financialty sustainable Supporting trans(tion seNices, to Provide a 8eamles$ move from Childr*n'$ to Adum seN￿s and beyond To provide support for families and carers To explore opportunities for working th other group$ and agencRs. The Hamlet Charter Our belief is that everyone al The Hamlet.... Should be happy and safe., Is unique valued and reSp￿ted., Can explore Choi￿ and Opportuni￿e$., Is enccAJr8ged lo unbck their polenlial., Can communicate in their own way.. Be part of the wider community. d. Volunto8r¥ The Hamlet currentty ha5 10 voluntèers who work acro88 the range of 8eNic8s which the Charity providgs. Whilst we greaty value the Gontribution of our Volunte￿5, thèy are not critical lo the ongoing delivery of Part￿UlaT service or actwty. e. Publlc beneflt We have referred to th8 guhlance conlaingd in the Charty Commission'5 general guidance on public benefit when rewewing our aim and obiedives and in planning our future acliwlies. Within the report there 18 detailed information on the seNce8 provided and the benefrts to those who u80 them. f. Rlsk management The strategic risk rggistgr is wthvgd yeady and 1$ a standing agenda i18m al each fvll Board meeting. An opportunty 1$ given to adjust the register following the meeting_ Policies and procedures are in Pla￿ lo ensure compliance with hegllh and Safety of staff. volunteers, service users and ￿sitorS at 011 QUT Centres. Dependant on the nature of the policy. policies are reviewed by erf(her the staff team or by Trustees and staff. Those required by Otsled and the CQC are reviewed by the Senior Management Team. Tru$tee$ aro involved in r8vi8wing those that ¢on¢em g¢)vemance and chanty matters. Policies are available either on our website or on request lo our Head Ofte. The Senh)r Management Team regular￿ revws all the major risks to wh￿h the Charity is or may be a￿oSed. Pap3 THE HAMLET CENTRE TRUST IA Company Limlted by Guarantsel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Achiev•m•nts and pgrforman¢8 a. Revlew of actlvRles A challenge faced by all charrties in 2021122 wa$ the continuing impact of the COVID 19 par￿eMIC on charilab activty and The Hambt was no exception. Fortunately, over the course of 2020r21, our fundraising actNities were extremely successful due lo the amount of additional funding available specffic lo the pandemic. This resulted in a year end surplu8 of £266,560. Consg4ugnlty. we began 2021122 in a much stronger financial position Ihan anticipated. Our staff continued lo respond to the changing and developing nee and has settled in well. A new Training Coordinator. Natslie Noble, joined us in March 2022 ltsking over from Amy Efvinl and is aL80 doing well. Our focus for the ygar ahead is lo fill key posts across the organisalKsn which remain vacant. and we are lookrng at innovatN¢ way¥ of doing ¥0 $u¢h o¥ holdin9 ￿ruItMent events. using recruitment nsultants, and working in partnership with othor organi8atw)ns to publicise Career8 within the sector. Trustee re¢ruitme*nl remains a priority and we will be advertising via the Vdunlary Norfolk website as well as continuing to cuttivate indNiduals wlhin our networks. Flnan¢e and Funding With continued strong financial m*agement and robust monitoring of spending and reporting, we have again. despite the challenges of COVID, been able to increase our reserves. Th& doficit for 2021122 was predicted to be £45k. The monthly management accounts to January 2022 show a $urplu$ to date of £13k. The Charty has perfomed better than anticipated and it is reasonable lo assum8 that tha finanea tèam ara prudont in their forecasting. We expect a budget deficit for the current financial year as we arg still having to rent additv)nal premises and UK in)lation is currèntly sitting at 9%_ The Board is satisfied that this is a prud8nl budgat and ac¢ept$ that gNen current ¢1￿￿M81anceS - in the year 2022r23 The Hamlet will need to draw on its r8tained reselves lo meet the projected deficit. We have bulm Some m¢)de$l addrtional reseryes in 2021122 on the back of another successful year of grant income as follows". COVID expenses - Community Action Norfolk Contain Outbreak Managoment Fund,. Norfolk County Council Infedion Control Fund {AduM Servlce81 Family Support- Thfr Haramea(l Trust The Hamlet at HtYF7e- Alan Boswell Group Charitabl8 Trust., FourAcre Trust; Edward Goslling Foundation Specialisl Play Loadar(Childron's CentrgJ- BBC Children in Ne8d Eaty Years Practiboner- Norfolk Community Foundation Sensory Equip￿￿11 and Refurbishment (Children'$ Cents?) - The RC Snelling Charitable Trust., Screwfr Foundation Page 5 THE HAMLET CENTRE TRUST IA Company Umit9d by Guarantso) TRUSTEES. REPORT ICONTINUEDI FOR TplE YEAR ENDED 31 MARCH 2022 Achievements and p•rfomMnce Iconllnuedl Touch and TV (Adult's CenttE)- OINer Ford Foundat￿￿ Achggva thgrapy bed (Adult's C8ntm)- David Family FOUndat￿n., 29th May 1961 Charitabte Trust H￿sts fChildren'$ cen￿)- Smurfil Kappa Eèty Ye8rs Sleep ATra- yo￿$hire Building Swety Charitable Foundation Costs to convert T￿ Squ8re for use by the Adutts ServiGe- The Pennycre5s Trust., Paul Bassham Trust Property Sea￿h1ng/Purch88e- Reach Fund Cor& Costs and redecoration - The National Lottery Communrty Fund,. PAR Charitsble Trust., The Innes Famity Trust,. The Giey Court Trust- The Ellerdale Trust,. The Pinching Trust," The Woodmill Tru$t,' Thg Anne French Memorial Twst., The Moncrieff Charitabl8 Trust,. The Laura Stuart Memorial Trust,. The Douglas Arter Trust., The Red Sock Charitable Trust.. The JC Sondhi Charitable Trust.. The Yare Education Trust. Taverham & District Lions,. The Oddfellows Trafalgar Branch.. Tralnlng Fo￿ to face training has recommenced as COVID restrictions hav¢ lifted. Training has been offered and ddivered lo other organisalions and our staff training is n¢)w a blend of online and in person as appropriate. We We￿ suc¢es$ful in our tender lo become an appr(Ived provTder for Signalong training for Norfolk County Council and h8V8 a contract in place until 2026. Funding was recéived from the National Lottery in 2019 to deliver disability awareness workshops and Signalong sessions lo families free of charge. Due to the pandemic a proportion of this fund remained unspent as 'in person, sessions were not possib￿. We have gained agreement to use the remaining monies to provide sleep workshops and Signalong training ovor tha coming months. b. Fundralslng actlvlllgs and incorno g•n•rntlon The Hamlet is ahNays striwng to provide the best possible support lo those vtho use our servicgs. To promdo a highqualty service, we need to secure fvnds to support the pU￿haSe of equipment, building improvements and lo fund salary costs of specialist posts. The Hive Family Support. Little Bees and the Adult Out of Hours seNces are enlirety supported by charitsble giwng. To meet th68e aims we do not have a dedicated fundraising team bul work closely wlh our professional fundraising firm which has worked Y4rth The Hamlet for 18 year5 and supports us in our applications for funding alongside our CEO and Senior Manayers. Felton Fundraising rais9d £120k in 2021122 and a similar level of support is expected for 2022123. As of 10 June 2022. of the forecast donations of £263k for 2022r23 The Hamlet has already received or had ￿nfIrmed £105k. Our ￿ntral office team supports indNidual voluntary fundraisers. Our Marketing and Communications Lead left in December 2021 to reluin lo leaching. We are Gurrenlty recrurting for a full tsme Marketing, Communications and Fundraising Officer with a v7ew to increasing corporate gwing, individual fundraising. and legacies. The￿ have been no complaints about fijndraising &tMty. All fundraisers. families and others Inlerested in our work are given the option of signlng up lo our newsletters and infom)ation on events and h¢)W to opt out of this Should they wish lo do that. In accordanGo ￿th our Fundraising Stralegy, we have signed up to th8 Fundraising RegLtlatorfs Code of Fundraising Practice. Voluntary fundraisers are given a pad( which includes our F¥Jndraising Ethics Policy. Page 6 THE HAMLET CENTRE TRUST (A Company Limlted by Guarantee> TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Flnanclal rovlow a. Going ¢on¢em After making appropri*e enquiries, the Trustees have a rea80nable expectation that tho Charity ha$ adequate resou￿￿$ to continue in 0￿ratIon￿ existence for the foreseeable fvlure. For thi$ reason, they continue to adopt th& going ¢onc8m basis in preparing the financial statements. Further detail$ regarding the adoption of the going ¢ono8m basis can be found in the accounting policie8. The Board accepts that. as the country adapts to new ways of lI￿n9 and working, there may be some fluduation in The Haml81'$ financial position over th8 next few month8 but is ¢Onm￿t that it$ robust managemant and governance will maintain stability 0￿r the longgr temi. b. Reserves pollcy The Trusleos, haviro considered the potential risks facing The Hamlet and assessed the future plans, wish lo relain reserves sufficient to pnsure an orderly withdrawal from operations, megling contractual obligations and covering redundancy payments. Funds of £315,000 have been designated for thi$ purpose following a detailed revw of costs {Janu8ry 2022}. The Chanty also has designalod funds for Buildings {£40,0001. £200,000 for Ne•V Premises for Adults Services and £50.000 for The Square (rental property for adult services). fijrther details of which are gNen in note 16 of the k¢¢Junts. At 31 March 21)22, the Charty had fro9 r￿rVeS of £210.S62 (2021.. £135.962) (unrestricted funds which have not been designated and are not represented by fixed assets). We are mindful of the balance of free reserves we currently hold and will be reducing these in the next financial period, by designating a further £100,1)00 towards a￿ullIng a n8w premises for ourAdull Servitss. c. Principal risks and uncertaintifjs Although fundraising was at a heatthy level during 2021122. we are mindful of the fact that much of this fvnding was COVID specific and Iherefofe not available h)nger tem. We must also take into account the increase to National Living and Minimum Wage and National Insurance that comes in April 2022. In addthon, the Current cost of living crisis with UK inflation sitknng at 9QA has to be managed. Continued PTQVi5ion of se$$ions across hvo siles for Adult Services 1$ rellant on add￿Onal $ludents and vlll be closely monitored. In tho event wg are unable to recruit enough staff lo deliver the service across tsvo premises. operation$ could be ￿ntracted and movod back to Ella Road. We woukl have to ¢ontinue paying rent * Thg Square, but all other Overhe￿15 woukl be reduced. Lftilities prices have been fixed wlh Supplièrs. Gas prrces are fixed until September 2025 for both Ella Road and Johnson Place. H¢)wever. electricity pri￿$ at these $f(es due for renewal in D￿rnber 2023. Eleclricty pr￿ for The Square are fixed until March 2024. A key Chllongg in tho ahead is the ability lo recwit and retsin staff. The has carried out an analysis of pay in thg local sector and, as a result, has agreed a minimum salary uplift of at least 10A for all of ils staff. This. combined with a package of beneffts, training, and the options of full and part-lime worting, will ensure the Charrty remains a compelitwe employw in th8 markètplace. An activè recruitment programme has been launched. P4e7 THE HAMLET CENTRE TRUST (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 The commission8r8 of Short Break$ funding at Norfolk County Council are inviting tenders for provthry6 who sh lo be included on a new framewoth beglnning on 1 April 2023 and wnning for 3 years. As an existing provider we have part￿Ipated in the consultation pr￿e$S and plan to submit our appli¢ation in autumn 2022. We have identified that our ¢urr8nl fees are bel¢)w market rate, and therefore when we submit our application il wll be with a revised linc¥easedl lee structure. Looking ahead to 2023124 we would an1￿1pate the Short Breaks $eTvice being able lo cover ils costs. The new framework wil also include provision for the Hamlet al Home Seiwice. d. Prlnclpal funding The Hamlet has 3 main fundraising sources= Norfolk County Council (Personal I IndNidual budgets, Early Education Granll., Norfolk Community Heahh and Care {Conlinuing Heatth Carel,. and Charitable Trusts and Foundations and fundrai$in9. End of yfrar rosults The behx are the headline resuhs of thg Charity for the year.. Total in¢oming r•sources: £1,397,788 (2021.. £1,538,488) Totsl resourees expended: £1.372.719 (2021.- £1,271,928) Nel surplus for the year £25.047 (2021.. £266,560) The fvll results be f￿Jr￿1 in the Statement of Financial Activrties. on page 16. f. Dgvelopment Plan The next year is going lo be challenging and we have budgeted accordingty, making savings where we can. Our main targets are lo establish the Hamlet * Home service and continuing to explore an improved srte for Adult SeNces. Until such time as a sullable and affordable option is found, we will continue to operale over two 5Fies IElla Road and The Squarel. Any polenlial opportunities for new premises will be fvlly costed for review by th Board, prior to making any financial commilmenls. In Septembgrloctober the Trustees and CEO will meet to complete the review of our prèvious fNe-year strategi plan and lo fim up our strategic planning for the coming years. These sessions will bg facilitated by an èxtemal piofessional and will involve input trom Staff from across the organisation. service users and their familwd. Structur9¥ governance and management . Constitutlon The Company is con$tilLrted under a Memorandum of Assctiation and Is a registered charity number 1000653.The organisation was set up as a charty in 1972 under the name of the Norfolk and No￿￿h Toy Library. It changed it8 name to The Hamlet Centra Trust in 1984. It became a company limited by guarantee with charitable slalus on 5 July 1990. Its Memorandum of Association eslablishgs the objects and powers of the Company and the oiganisalion is governed under its Articles of Association. The Memorandum and Articles of A$50cialion were revised in 1993. In the event of the Company being wound up membeTS are required to contribute an amunt not ex￿edIng £1. Page 8 THE HAMLET CENTRE TRUST (A Company Limit8d by Guarnnl•e} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Structure. goveman¢e and management l¢ontlnued} b. Method8 of appolnlment or elKtlon of Trust￿$ The management of the Company is the responsibilty of the Trustges, who are elected and ccpopted under the temis of the Trust deed. The Trustees who seNed during tho year are Shown under Legal and Administrative Information on page 1 of the Annual Accounts. The Directors of the Company are the Trustees. Under the requirements ol the Memorandum and Articles of Association the three longest standing Tru5t8e$. or up to one third of the total numbèr. musl resign al each AGM. They are eligible for re-election. The Hamlet works with chiklren and young people with dis&ilities and their families. The Trustees seek to ensure that their needs are reflected through the diversty of th& Trustee body. To Ihls end, some Trustees come from the families of chlldren or young people with disabilities and their experience assists the aims of the Charity. The more traditional bu$inesS. Professional, educational and soual care skills are well represented. In the event of particular ski118 being108t lo the Council, because of the relir8ment of Truglees. new Trustees are sought from a lange of sources. ¢. Organlsatlonal structur• and decisionllmaking poli¢i85 The Board of Trustees have six full Board meetings a year as well as holding an annual'away day. (not P088ible this last year due lo COVID restrictions). There is a standing group for policy revithv. T88k 9roups meet to work on different asp¢¢t$ of a¢ti¥ty a$ required throughout thè yèar. Staffing slrudure.. The Chority currendy has 86 staff across the drfferènl sites. Atthough hlgher than in 2021r22, this is Still bwer than in previous years due lo the reduction in casual staff during the pandemic. The day to day operalKin of the Charity is delegated lo the CEO. The CEO is supported by the Opgrations Manager IRegistered Manager) for Adutt serV￿e$, the Children's ServKe Senior Manager and the Finance Managers. Tho Workforce consists of contracted staff and casual workets. The teams at the Children and Adults Centres are supported by a small Gentral servi¢e$ team of finance officers. HR administrator and training team. Volunteers". The Charity has a long history of engaging volunteers lo work wrth both children and aduhs. Currontly there are 10 volunteers. engaged in various actNrtwJ across the organisation. d. Pollcles adopted for the Inductlon and tralnlng of Truste Trustees experignce a programme of brpfings, visits to services and formal presentations, such as on the re5ponsibililie$ of a Charity Trustee. The website has a Trustee Login with infomalion for new and estsblishad Board members. Infonnalion can be accessed about the pc4Kies in use, staffing, infomation such as that available from the Chality Commission and other item8 that are considered to be of interest to the Trustees. Al Board meeting papers are published on the login for Twstaes to access and an archive is kept of previous meetings. e. Pay poll¢y for personnel The pay and remunerdlion of The Hamlet's personnel are reviewed by the senior management team and Board on an annual basis. Salaries are benchmarked against other charrtres in the local market and are voted on and approved by the Board altsng wrth the annual budgot. Page 9 THE HAMLET CENTRE TRUST IA Company Limitod by Guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Plan$ for future periods The Board has agreed that the centre 81 EIL9 Road does not have the capacity, on ils own, lo continue lo be fil for purpose in the k)ng term and is continuing to explore an additional or altemalive permanent site for Adult Services. Any potential opportunf(ies for new premises wll be lulty ¢osled for review by the Board, prior to making any financial commitments. Reseryes have been set aside towards the cost of a new sile and a loan facilty on favourable terms has been secured with Charity Bank. As well as endeavouring to meet the needs of future students as ful￿ as possible, and suitabty furthering the objectives of The Hamlet Centre Trust, the Board has been mindfvl of the importanco of living within ils means and not incurring onerous capital exp8nse. Stalement of Trustegs. rnsponsibilitiOS The Twslees (who are also the Directors of the Charty for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordan￿ with applicable law and Untted Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practi￿1. Company ￿qUI￿$ the Trustees to prepare ffinan¢ial state￿nIS for each financial year. Under Company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charty and of ts incoming resources and application of resources, including its In￿M9 and expenditure, for that ￿r1¢Xl. In preparing these financial slalements, the Trusl8es are required to.. select suitable &counting poI￿leS and then apply them con8iStently, obsgrvo the methods and principles of the Charit￿9 SORP IFRS 102)., make judgments and aC￿unting estimates that are reasonable and prudent., slate whether applicable UK kcounting Standards IFRS 1021 have been foliowed, subject lo any material departu￿$ disclosed and explained in the financial stalemenl$', prepare the financial statements on the going concem basis unless ￿ is inappropriate lo presume that the Charity will ￿ntInue in business. The Trustees are responsible for ke&ping adequ*e accounting re￿rdS that ar& suff￿ent to show and explain the Charitys transactions and disclose with raasonable accuracy al any time the financial position of the Charity and enable them to ensure Ihal the financial stalem8nts comply wrth the Companies Act 2006. They are 81$0 responsible for safeguarding th& assals of the Charity and hence for taking reasonablè steps for lhe prevention and detection of fraud and other irregularities. Dlsclosurfr of Infomiallon to audlto Each of the persons who ar& Trustees at the lime when thi8 Twstees. Report is approved has confimed that.. so far as that Trustee is awa￿, there is no relevant audi( information of which th& Charitys auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any relevant audit infomiation and lo eStabl￿h that the charws auditors are aware of that infomiation. Audltoys The audrtors, MA Partners Audit LLP. havo indÉc*ed their wllingness to Continue in office. The dèslgnaled Trustees will propose a motion rwpolnting the auditors at a meellng of the Trustees. Page 10 THE HAMLET CENTRE TRUST IA Company Umlted by Guarantee) TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Approved by order of the members of the Board of Truste8s and signed on their behalf by.. Stu¥rt IAary)ole Date.. 20 July 2022 Page11 THE HAMLET CENTRE TRUST IA Company Limitsd by Guarants•l INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE HAMLEf GENTRE TRUST Opinion We have audited the financial statements of The Hamlet Centre Trust {the 'Charilable Companl) for the year ended 31 March 2022 which comprise Ihe Ststemenl of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has begn applied in their preparation is applicab￿ law and United Kingdom Accounting Standards. induding Financial Reporting St8nd8rd 102 The FinancBI Reporting Standard applicable in the UK and Republic of Ireland, (Unfled Kirsgdcvn GenerallyAccepled Accounting Practice). In our opinion the financial statemonts-. glve a true and falr of the state of the CharitabFe Companls affalrs as at 31 March 2022 and of rts incoming reSOu￿e$ and application of ￿oUrces, including rts irKomo and expenditur8 lor the year then ended., have been properly prepared in accordance with United Kingdom General￿ Accepted Accounting Practice,. and have been prepared in accordan￿ with the requirements of the Charrties Act 2011. Bas1$ for oplnlon We conducted our audft in accordance wlh IntemalK)nal Standards on Auditing {UKI IISAS {UKII and applicable law. Our responsibilities under those stsndards are further described in the Auditors. responsibilitie8 for the audrt of the financial statements $8clion of our report. We are independent of the charitab￿ Company in accordance wlh the ethical requir8rnenls that are relevant lo our audrt of the financial statements in the United Kingdom, including the Financial Roporting Council's Ethieal Standard. and we have fU￿illed our other ethical sponsibilities in accordance wf(h these requirements. We believe that the audit evidence we have obtalned is sufficlent and apprcpriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of 8ccounting in the preparation of the finanaal statements is appropriate. Based on the woth we have performed, we have not identified any material uncertainties relating to events or conditions that, individualty or collectively, may cast signfficant doubt on the Charitable Companrfs ability lo continue a$ a going concem for a period of at teast ￿1ve months from when the financial statements are auth0ri8ed for issue. Our responsibilil¢e$ and the responsibilities of the Trusloes with respect lo going concem a￿ describ￿ in the relevant sections of this report. Page 12 THE HAMLET CENTRE TRUST IA Company Limitsd by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE HAMLET CENTRE TRUST {CONTINUED) Other InfomMtSon The other information comprises the information included in the Annual Report other than the financial statements and OUT AL￿ltOrs, Report Ihereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on tho financial statements doas not cover the other infomialKJn and, except to the extent olheNise explic1t￿ stated in our report, we do not express any form of assurance conclusion ther8on. Our re$pon$ibility is lo read the othor informats.on and, in ¢Joing $0, ￿nSider whether the other infomiation is materialty inconsistent w(th thè financial stat8mènls or our knowledge obtained in the course of the audri. or oth8n￿ls8 app8ars lo be materialty misstated. If we Kl8nlfy such malgrial in¢onsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misslalement in the financial slalemenls themselves. If. based on tha work we have performed. we conclude that there 18 a materi misstatement of this other irrfomiation, we aro rfjquired to report that fact We have nothing to report in this regard. attors on vthlch wo are roqulred to roport by ex¢•ption We have nothing to report in respect of the following matters where the Charities {Ac¢ourrts and Rewrts) Regulations 2008 requires us to report to you rf. in our opinion- the information given in the Trustees. Report is inconsistent in any material respect wth the financial 5tstements' or sufficient accounting records have not b8en kept., or the financial statements are not in agreement wrfch the accounting records and returns. or we have not received all the infornialion and explanations we require for our audit. Rospon$lbllltlo8 of Tru¥tè8g As èxplained more fulty in the Trustees. Responsibilitias Statamanl, the Tru$teo$ Iwho ar& also the Directors of the Charitable Company for the purposes of ¢t)mp8ny lawl are responsible for the preparation of the financial statements and for being satisfied that they gwe a true and fair view, 8nd for such intemal control as the Tru$19es dglemiine 18 necessary to enable the prepalation of financi81 ststements th* are free from material misslalem8nl, whether du? to fraud or effor. In preparing the financial slatam8nls. tha Trustees are responsible for assessing the Charitable Companls abilty lo continu6 as a going concern, disclosing, as applicable, matters ielaled to going concem and using the ing concem basis of accounting unless the Trustees either intend lo Ib]uidate the Charitable Company or to ea$9 operations, or have no realiskn'¢ aFtomatNe but to do so. Page13 THE HAMLET CENTRE TRUST {A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE HAMLET CENTRE TRUST (CONTINUED) AudltOfS' fesponsibilities for the audit of the financial statements We have been appoinlgd as auditor under section 144 of the Charities Act 2011 and report in xcordance with the Act and relevant Tegulations made or having effect thereunder. Our objectives are to obtain reasonobb assurance about whether the fi'nanclal statements a8 a Who￿ 8re free from material misstatement. whether due to fraud or error, and to Issue an Auditors, Report that inclu¢Je$ our opinion. Reasonable assurance is 8 high level of assurance, but is not a guarantee that an audit conducte(l in accordance with ISAS (UK) will athys deted a material misslalement when it exists. Misstalemenls Can arise from fraud or error and afe considered material rf, ind￿￿UaIty or in the aggregate, they could reasoneJ)ly be expected to influence the economic de¢isi)ns of users taken on the basis of these financi81 stslemenls. Irregularities, including fraud. 8re instances of non4omplianc8 with laws and regul*ions. We design procedures in line swth our responsibilities, outlined above, lo detect material misstatements in respect of irregularitl8S. including fraud. The extent to which our procedures are capable of detecting irregulariti'es, including fraud is datailed below.. The objectives of our audit in respect of fraud, are., lo Idenltfy and assess the risks of maleriol mi$5tatement of the financial statements due to fraud. lo obtain sufficient appropriate audit evidence regarding the assassed risks of material misstatemgnt due to fraud, through designing and implementing appropriate responses to thos8 assessed risks,. and to respond appropriatety to instances of fraud or suspected fraud idenlrfied during the audit. H¢)wever. the primary responsibilty for the prevention and deledion of fraud résts wrth both management and those ¢harged with governance olthe Charitable Company. Our approach was as follrA¥8: We obtained an understanding of the legal and regulatory requirements applicable lo the Charitable Company and considered that the most significant are thè Companies Act 20C6, UK financial reporting standards a3 issued by the Financial Reporting Council, Charities SORP {FRS 1021 and UK taxation legislation. We obtained an understanding of how the charitab￿ c￿mPanY complies with these requirements by discussions with management and those tharged w((h govemance. We ass9$3ed the risk of material mi88tatement of the financial slalemenls, including the risk of material misslalem&nt due lo fraud and how 6t mighl occur. by holding di8cuss#)ns with management and those charged with govemance. W8 inquired of management and those charged with g0Veman￿ as to any known instances of non- compliance or Suspected non-complian￿ with laws and reguktions. Based on this understanding, w& designed Specific appropriate audit procedures to identfy instsnces of non- compliance with laws and regulation$. This included making enquiries of management and Ih¢)se charged th govemance and obtaining additional corroboralivg 8vidence as required. Because of the inherent limitatic￿ of an audit, there is a risk that we will not detect all irwularities. induding those leading to a material misstslement in the financial statements or non-corr￿lIance wlh rogulalion. This risk increases the more that clxnpliance with a law or regulation is removed from the events and transactions refiecled in the financial stalemenls. as we wll be less likety to become aware of instances of nonunts falling due within one year 15 {78.555) (46.683) Net current assets 875,542 857,508 Total a880ts less ¢urMnt liabilities 2,240,990 2.215.943 Total net ass•ts 2,240,990 2.215,943 Charity funds Restricted funds Unroslrictod fvnds 16 960,515 1380A75 1,035, 131 1, 180.812 16 Total funds 2.240.990 2215,943 Page 17 THE HAMLET CENTRE TRUST {A Company Limited by Guarantee) REGISTERED NUMBER: 02518973 BALANCE SHEET {CONTINUED) AS AT 31 MARCH 2022 The entity was enlrtled to exemption from audrt under sects.on 477 of the Companies 2006. The members have not required the entity to obtsin an audit for the year in question in aGGordance wth seGlion 476 ofthe Companies Act 2006. H¢)wever. an audit is required in acwdance with SeCt￿n 144 of the Charitie$ Act 2011. Th8 Trustees acknowl￿ge their responsibilities for Complwro with the requirements of the Act with respect to accounting records and preparatK>n of financial stalem&nl$. The financial slalements have been prepared in accordance with the provisions applub￿ to entities sul¥ect to tho small companie8 regime. The financial statements were approved and authorised for I￿￿e by the Trustees and signed on Ihelr behalf by.. Stuart Marpolo Dale.. 20 Juty 2022 The notes on pa9es 20 to 40 fomi part of these financial statements. Page 18 THE HAMLET CENTRE TRUST {A Company Llmltod by Guaranteè) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from op•ratsng activities Net cash used li operating activities 149,271 311,046 Cash flows fN)m Inv•sting activltles Purchase of tsngibk fixed assets Sale of langible fixed assets 184,262) (22,388) Net cash used In Inva8tlng acllvlllos 181.0171 122.3881 Chango in cash and cash equivalents in the year Cash and cash equrvalents at the beginning of the year 68,254 288,658 771,851 483, 193 Cash and cash •quival•nts at th• •nd of th• y•ar 840.105 771,851 The n¢)tes on pages 20 to 40 fomi part ofthese financial 8tstgmgnts Page 19 THE HAMLET CENTRE TRUST (A Company Limitsd by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Genoral Infomation The Charity is a company lim(ted by guarantee. The Charity is both incorporated and domiciled in England and Wales. The address of its registered officg Is The Ham191 Ch8r?ty Head Office, Johnson Place, Nomch. NR2 1SJ. The membgrs of the Company are the Trustees and named on page 1. In the event of the Charty being wound up, the liability in respect of the guarantee is limited lo £1 per member of the Charty- The principal accounting poli¢ies are summarised below. Accounting pollcles 2.1 Basls of preparatlon ol financial ststfjmwts The financial statements have been prepa￿d in a¢¢ordan¢e wth the Charitie8 SORP IFRS 102) - Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their a¢wunts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019}, the Financial Reporting Standard applicablg in Ihe UK and Ropublic of Ireland (FRS 1021 and the Companies 2CQ6. The Hamlet Centre TTUSI meets the definition of a public beneff( entty under FRS 102. Assets and liabilrties are initially re¢ogniséd at historical cost or transaction value unles$ othe￿iSe stated in the relevant accounting policy. 2.2 Going concem The Trustees are satisfied that the Charity have adequate resources to meet it8 liabiltties as they fall due for a period of al least ￿Fve months from the date of approval of the financial statements. The Trustees thereft)re wnsider it appropriat• to pr8par• the financial Statements on the basis that the Charty will Continue as a going concern. 2.3 In¢om• All income is re￿nised once the Char￿Y has enlillemenl to the income. il 15 probable that th& income will be received and the amount of income receivable can be meaSu￿d reliably. Grants are included in the St*ment of Financial Activrties on a receDiable basis. The balance of income rèceived for specifi¢ purposes bul not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advanco of entitlement of receipt, ils recogn(tion 1$ deferred and included in creditors a$ deferred income. Where entillemenl ¢xcurs before income is re¢eNeil, the ineome is accrued. Income tax recoverable in relation to investrnent in¢c*ne is recognised at the time the investment income is rgceivable. Other income is recognise(l in the period in wh￿h it 18 receivable and to the extent the goods have been provided or on wmplelion of the seNice. Page 20 THE HAMLET CENTRE TRUST IA Company Limitod by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ￿RCH 2022 Accounting polici8s Icontlnued} 2A Expendlture Expenditure is recognised once there is a legal or constructive obltqation to transfer economic benefrt to a third paty, it is probable that a transfer of economic beneffts will be required in 8ettlement and the amount of the obligation can be measured reliabty. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directty undertaking the activrties which further the Charitws objectives, as well as any associated support costs. All expenditure is Inclusive of irrecoverable VAT. 2.5 Govemmont grants Govemment grants relating lo tanglble flxed assets are treated as deferred income and released to thé Statement of Financial Actwities over the expected useful lives of the assets concèmed. Othèr gronts •r• ¢rodTisd to tho Slatemenl of Fir￿nCIal ActNibes as the Telaled expenditurè is incurr￿. 2.6 Int•rnst rttelvable Interest on funds held on deposit 18 included when ￿￿1Vable and the amount can be measured reliably by the Charity. thi$ Ys normalty upon notrficalron of the in￿￿51 paid or payabl8 by tho institution with whom the funds are depostted. 2.7 Tangible fixed as$gts •nd dopreclatlon Tangible fixed assets costing £500 or moro are capitalised and reC￿J￿4sed when fvture economic benefits are probable and the wst or value of the asset can be measured reliabty. Tangible fixed assets are initially recognised al cost. After reccpynition. under the cost model, tangible fixed assets are measured at cost less accumulated depreualion and any accumulated impaimient l¢)sses. All costs incurred to bring a tangible fixed asset into its interKl8d working condilK)n should be included in the measurement of cost. Depreciation is charged 80 as to aliocale the cost of tangible ffxed assets less their residual value over their estimated useful INes. Depreciation is charged in fvll in the year of acquisitson and no d¢precialKJn is charged in the year of di8po8al. Depreciat￿ is provided on the following bases: Freehokl property Fittings and oquipment Motor veh￿reS Office equipment Computer equipment 2.5% Straight line 10_ 200A strabjht line 2S% reducing balance 200h straight line 25°h Stra￿h1 line Page 21 THE HAMLET CENTRE TRUST {A Company Umited by Gu•rantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies I￿ntInued) 2.8 Dabtors Trade and other debtors are r￿nISed al the settlement amount after any trade discount offered. Prepayments are valued at the amount p￿paid nel of any trade dls¢ounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-tem highty liquid investments wlh 8 short maturty of thrge months or less from thé daté of acquisition or opening of the deposit or similar account 2.lQ u:abilities and provlslons Liabilities are recognised when there is an obligalKJn al the Balance Shgel da16 as a resu￿ of a past evenl, (( is probable that a transfer of economic bgnefft will be required in 5elUement, and the amount of the settbm8nt be eslimaled reliabty. Liabilities are rewJnised at the amount thal the Charity anticipates it will pay lo settlg thg debt or the nount (( has received as advanced payments for the goods or seNces it must provide. Promsions are moasurgd at the best estimate of the amounts required lo settle the obligation. Where the effect of tha time value of money 1$ material, the provision is based on the present value of those amounts, discounted at the pr&tax discount rate that rafflects the risks specific to the liability. The unwinding of the discount Is recognised in the Staemgnt of Financial Acliwties as a finance cost. 2.11 Flnanclal Instrumgnts The Charity only ha8 financial assets and financial li8bililies of a kind that qualfy as basic financial inslruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans whi¢h are subsequently measured at amortised cost using the effeclive interest method. 2.12 Ponslons The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fiJnd in respect of the year. Page 22 TrIE HAMLET CENTRE TRUST {A Company Umltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 A¢counling policies Icontlnuedl 2.13 Fund ac¢ountlng General funds are unrestricted funds which are available for use at th& discrotion of the Trustees in furtherance of the general objeclNes of the Charity and which have not b88n designated for other purposes. Designated funds comprise unrgslricted funds that have been set aslde by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial Statements. Restricted funds are funds which are to be used in accordan¢e with $peGitic restrictions imposed by donors or which have been raised by the Charity for particular PUTposes. The costs of raising and administering such funds arg charged agginsl the sp8cific fund. The aim and usé of restricted fund is set out in the notes to the financial statements. Inveslmenl inccme. gains 8nd losses are alkxaled lo the appropriate fund. In¢ome from donation8, grants and l•gacios Restrlctsd Unrostrlctgd funds funds 2022 2022 Total funds 2022 Total funds 2021 Donati¢)rys Grants Govarnment grants 129,152 115,536 49.816 178,968 115,536 296,042 121,840 17.515 244,688 49,816 294.504 435,397 Total 2021 364,837 70,566 434397 Pag8 23 THE HAMLET CENTRE TRUST IA Company Limitgd by Guarants8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incom• from charltable activitles Rostri¢tod Unr•stri¢t funds funds 2022 2022 T¢>tal Total funds 2021 2022 ServicE level agreemen18 SeNce provision Personal budgets 24,580 24,580 (363) 1.064.273 18.028 1.037.584 18.028 1.037.S84 24.580 1,055,612 1.080.192 1,088,490 Tot812021 24,580 1,063,910 1,088,490 Income from fundrnlsing Incom• from fundraSslng events Unrestrlctsd nds 2022 Total fuTrd$ 2022 Total fvnds 2021 Fundraising 10,237 10,237 13,377 Inveslment Income Unr•stricted funds 2022 Totsl funds 2022 Total funds 2021 Bank interest receNeable 79 79 88 Pa9e 24 THE HAMLET CENTRE TrUST {A Company Llmitfjd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Other Incomo Unr•slridod funds 2022 Total funds 2022 Tot funds 2021 Training Hlre of facllities 11,035 1.719 11,035 1,719 1, 136 12,754 12,754 1, 136 Expgnditure on raising funds Costs of raising voluntary incom• Unrestrl¢ted fvnd5 2022 Total funds 2022 Tot81 funds 2021 Fundratsing Consultancy 9.402 9N02 9.098 Fundralslng tradlng expenses Unrnstrict•d funds 2022 Total funds 2022 Tot funds 2021 FundraK8ing trading expenses t.078 Page 25 THE HAMLET CENTRE TRUST {A Company Limit•d by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2022 Anaty$is of oxp•ndlture by a¢tlvltles Activitios undertaken dlrectly 2022 Support costs 2022 Total funds 2022 Total funds 2021 Charitable actmlies 923,240 439,917 1,363,157 1,261,812 Total 2021 827, 161 434,651 1.261,812 Analysls of dlrect costs Total funds 2022 Total fvnds 2021 staff costs Depreciation Other dir¥t costs 832.609 76.489 15.142 760. 154 59,492 7,515 923.240 827,161 Page 26 THE HAMLET CENTRE TRUST IA Company Limited by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Anatysls of expendlture by actlvlties Icontinued} Analysls of $upport costs Total funds 2022 Tot81 funds 2021 Staff costs Eslablishmanl 184.295 129.377 104,817 9,770 5,603 6,730 810 11,486) 191,238 t 14,330 87, 775 18,671 17,897 4.740 AdminiStrat￿n Legal and professional Technology other support eosts Baj debt write off Profft on disposal of tangible fixed asset$ 439.917 434.651 10. Auditors. remunerntlon The auditors, remuneratKJn amounts lo an auditor fee of £4,880 (2021- £4.620J, and payroll services of £8,019 {2021- £8,514). P8g6 27 THE HAMLET CENTRE TRUST (A Company Llmlt9d by Guarantegl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. 8tsff costs 2022 2021 Wages and salaries Social security costs ContribUt￿n lo defined contribulb)n pension schemes 941.262 53.078 22,574 880.675 47,99T 22, 720 1.016.904 951,392 The average number of persons employed by the Charity during the year was as follows.. 2022 2021 No. Direct charitable actiwtes Management and administration of the Charity io 13 86 81 No employee receivod remun8iation amounting to more than £60,000 in either year. The tot81 remuneration for key managemènt personnel for Ihg year lotalled £180N18 (2021." £153,296). A$ at the year end, key managerrEnt personnel consisted of 5 gmploy•es (2021.. 5 employees). 11 Trustees. r•mungration end expen805 During the year, no Twstees received any remuneration or other benefrts {2021- £NIL). During the year ended 31 March 2022. no Trustee expenses have been incurred (2021- £NIL). Page 28 THE HAMLET CENTRE TRUST IA Company Llmlted by Gu•ran¢88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Tangible fixèd assets Flttlngs Freehold and Motor Offl¢e Computer property equipnent vehlcles equlpment equipment Total Cost or valuation At 1 April 2021 Additions Disposals 1,898,152 39N78 31,999 31.678 38,286 {6851 {12,0001 81.980 14,298 42.489 2.094.098 84.262 17111 113,3961 At 31 March 2022 1￿98.152 70.471 58,285 96,278 41,778 2,164,964 Depreciation At 1 April 2021 Charge for the year On disposals 583,006 47,202 11,696 9,841 28,TTS 10,153 111,1021 76A79 5,495 36.707 736.663 2,798 75,489 15341 (11,6361 At 31 March 2022 630.208 21,537 27.826 80.974 38,971 799,516 Net book value At 31 March 2022 1,287,944 48,934 30,459 15,304 2,807 1,365,448 At 31 Ma￿h 2021 1,31&146 27. 782 3.224 6,501 &782 1,358,435 Included in freèhold prop8rty is freehc4d fand at Cost of £10,000 {2021 - £IO.CIXI) whiGh 1$ not d*pr¥¢iat￿. On 30 Juty 2010 the Charity enl&rod into an agreement with St Raphael Club, Charity number 209103, wherety St Raphaol Club agregd to transfer 50Dh of tts legal and equitable interest in the freehold property known as St Raphael Club. Johnson Place, Norwch {Ihe property'} lo The Haffllel Centre Trust. Under the agreement, Sl Raphael Club will transfer the remainder of its inloiest in the property to The Hamlet Centre Twsl on 30 Juty 2025 or earlier by arrangemgnt. Howev&r, by mutual agreem8nl the transfer now lake place during 2022. Due to the condition of the propety on the dale of transfer, the Trustèes considered that it had negligible gross value to the Charty and have therefore ne4 included value for this grfi in kind in the financial statements. Pago 29 THE HAMLET CENTRE TRUST {A Cornpafty Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Dgbto 2022 2021 Due within ong yoar Trade debtors other debtors Prepayments and accrued income 53.8S7 67,849 57.135 64.491 113.992 132,340 15. Crndltors: Amounts falling due wrthln on• y•ar 2022 2021 Trade creditors other taxation and social se¢urity Accruals and deferred income 25.071 10.973 42.511 15.954 8,747 21,982 78.555 46,683 2022 2021 Deferred income at 1 April 2021 Resources deferred during the year Amounts released from preV￿u$ periods 982 22,202 {9821 95 982 (95) 22.202 982 Induded in deferred income is £14,000 relating to a commitment to pay rent to Dacember 2022 and £4,503 relating to a grant covering the post year end period to August 2022. Page 30 THE HAMLET CENTRE TRUST IA Company Llmlted by Guarants8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statemont of funds Slatemont olfvnds - ¢urrent year Balan¢9 at 31 Plarch 2022 Balance al 1 Aprfl 2021 Trnnsfors Inlout Income Eyndlturn Unrestrlcted fund$ Dosignated funds Contractual ctslKJations Buildings New Buikling The Square 315.000 315.000 40.000 200,000 200,000 50,000 605,000 605,000 General fvnds Reserve5 576,812 1,128.498 (1.063.369 ¥524 675.475 T(knl Unrestrictod funds 1,180,812 1,128,498 11,063,359 34,524 1.280A76 Page 31 THE HAMLET CENTRE TRUST IA Company Limited by Guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds (conunugd) Bala￿? at 31 Mar¢h 2022 Balance at 1 April 2021 Transfe Inlout Income Exp8nditure Rgstri¢tgd funds Convgrsion (Johnson Placè) Sensory room (Johnson Place) Extefnally funded salaries- Children's Services Educational Grant Minibus fundraiser New Adult Services centre National Lottery training bu￿ary Johnson Place Dad's W6lb8ing group COVID Lottery Fund NCC Infection Control Property rent Julia & Hans Rausing Trust Garfield Weston Norfolk CCGS Hamlet al Home Capital purchases Reach Fur Redecoration COMF Infection Control Sleep Area 739.335 160.397 123,489) (8,4291 715.846 159.439 7,471 23.81X) 23,062 92,873 141,SS2} 192,873} 19,5721 5.310 38.286 28.714 124) 7,010 13.8381 3,172 2,034 859 6.072 19,965 11.367 15,982 (2,0341 {859) 17.606) 36.406 134,8721 119,9651 13.0871 {12,0281 {24.5801 {23.8931 18,280) {3,954) 24.580 32,LlOO 21,901 14395 10.000 5.080 10.000 18.107 8,100 11.675 10.000 {13,801) 12.8201 15.0801 262 1,035,131 269,268 1309.3601 134,624) 960,515 Total of ￿ndS 2,215,943 1.397,766 (1.372.719} 2,240.990 Page 32 THE HAMLET CENTRE TRUST IA Company Llmfted by Guarantso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinugd Desi nated funds The Charty has the following designatsd funds: Contractual obllgatlon3- the8e funds are to cary out contractual obligalw)ns to staff and othèr parti88 In the event of the Charity ceasing to be able to continue as a wabL9 Otganisation. Buildings these funds have been set aside for emergency and essential property repairs and expendrture Ihal 1$ OUts￿e the ￿)pe of the ordinary budget for such expendrture. Now Buildin9- these funds are for the costs associated with the purchase of a new premises. Tho Squarn- th0$9 furKl$ aro for the costs aSs￿lated with a rentsl property for adutt seNices. Restricted funds The restricted funds are for the following purpo$es.' Convorsion Johnson Pl•¢9 - this represonl$ funding rocgived to go IvNards capital buikling costs for the Children's Services deveknpmenl. The resources expended in the year represent the depreciation charge on assets purchased and capitalised from the funds received. Sensory Room Johnson Place - this represents funding received toward the cost of adaplalions and 8ensory equipment at the Children's Service al Johnson Place. We reGeived donation¥ during the year to replace some ol the old equipment. The resources expended in the year repre88nl the depreciation charge on assets purchased and caprtdised from th8 fvnds received. Externally funded salaries - Childron's S•rvt¢g9 - this represents funding re￿Ned towards specialist salaries as part of the appeal process. Edu¢atlonal grant - this represents a grant from Norfolk County Council for Earty Education for the provision of early education for 3 arKI 4 year olds, disadvantaged 2 year olds and children ￿th special e(lucational needs. Mlnlbus fundrdis•r - the minibus fund rgpresents monies raised for a now minibus for Aduh Services. The resources expended in the year repras8nt the dapreciation charge on th8 minibus purchased and capilali8ed from the funds received. New Adull Sepilcos Contre - this fund has be￿ Set up for morti88 donated towards a w centre for Adults Sorvices. Matlonal Lottery training bursary - this fvnd ha8 been set up to provKJe training for parents and carers of chiklren and aduM$ who access The Hamlet. It has beèn used thi8 year to provKle free pl8¢e$ to parents on Signaiong courses. Johnson Place Dad's Wgllbelng group - this fund supports the work of Parenting Practilionars aimed specifi￿llY * fathers. and has been u8ed to pmwde specialist training for staff to worf( with fathers and also a sories of Wa￿ShOP ovent$ and other 8CtNities involving fathers. COVID Lottery Fund - this fvnd has been set up for fijnding towards tho purchasa of PPE and oth8r a$S￿lated costs of COVID 19 on the WO￿ ofthe Charity. Page 33 THE. HAMLET CENTRE TRUST {A Company Umltgd by Guarnnteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds {¢ontinu•dl NCC Infg¢tlon Control this fund was set up to support Staff costs in¢urred by COVID 19 and adaplations lo premises to enable infection control and social distancing, including rent for addi(ional premises and equipment within Adutt Services. Propety rent - this fund wa$ Set up to enab￿ the Charity to 8ecure additional premises during the pandern￿. Julla & Hans Rauslng Trust - this fvnd was sel up to support losses in revenue incurred by COVID including the rent for addrt￿nal premises, the salary costs of the Behavtour and CommunicatKryn Specialist and IT improvement costs incurred during the pandemic. Garfleld Woslon- this fvnd was Set up for core costs impacted by the pandemic. Norfolk CCGS - provided fundinging towards the ¢o$t of the Senior Manag8r at thè Childran's Service5. The Hamlet at Homo - this fund was merged with the Childwick Trust (where fvnds wère received in the prior year for running Hamlgl at Homel and was set up for running Hamlet at Home and to covor ¢o$ts a$S￿lated wth setting up the seNlCe. Capltal purchases - this fund relates to the purchase of several capital items duiing the year, induding an Acheeva bed, Tih and Mumi Touch TV and Fire Safety doors. Funding for new hoists has also been received, and they wll be installed shortly. Rgach Fund- this fund is being used to assess property needs and find potential $ites forAduM Sem￿s. Redecoratlon- this fund will be used for the redewration of both the Adult and Children's Centres. COMF Infectlon Control - this fund has been used to support staff Costs incurred bguuse of COVID and adaptations lo assist infection control, in¢luding equipment and cleaning materials. Sleep Area- this fund represents monie¥ rKeived lo create a sleep area within the Early Years settlng. Transfers have b6en made to unro$tridgd funds where the restrictions on funds have been fully Satisfied. Page 34 THE HAMLET CENTRE TRUST IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds {contiTr￿d) Statem•nt of fund$. prlor yoar Balance 8t 31 Ma￿h 2021 Balan¢8 at l Apnl 2020 Trnnsfers Income E¥penditu Unrestrfcted funds Deslgnated funds Contractual obligations Buildings Devolopm&nt and strategy New Buikling The Square 300,OG(t 40,000 i&(X 315,OC 40.000 (&568) 345,568 259,432 605,OC G•n•ral lunds Reserve8 617,116 1,149,077 (924,621) (265, 760) 575.812 Total unr9str1￿ funds 962.684 1, 149.07T (924,621) (6,328) 1, 180.812 Page 35 THE HAMLET CENTRE TRUST IA Company Limitsd by Guaranto0) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statgmgnt of fund5 (continued} Balance al 31Ma 2021 Balance at 1 Apnl 2020 Translers in/out Incom& Expenditu Restrlcted funds Convorsion (Johnson Place) Sensory room lJohnson Place} Extemallyfvnded salari8s- Children's Services Exlemally funded salaries- Adult's Services Educational Grant Norfolk CCGS IT grants Minibus fundraiser New Aduh Services Centre National lottery training bursary Johnson Pl&e Dad'8 Wellbeing group COVID Response Fund PPE Fund COVID Loltw Fund NCC Infection Control Property rent CAF Resiliance Julia & Hans Rausing Trust Garfield We$lon Childwick Trust 762,824 166,292 (23,489) (5,895) 739,335 160,397 11,829 44.175 (32,204) 23,8CQ (2.000) f97,666J f24,580) (3,C4)0) 97.666 24.580 3t,958 24 7.010 6,328 38,286 24 7,010 3, 762 (1, 728) (I,oooJ (iO,C190J (9, 141) (22, 162) (13,OCXIJ (15,485J 176,939J (9.Ot8J 2,034 10,000 10,000 28,234 32,965 15,485 88,306 25,000 10,000 859 6,072 19,965 11,367 1&982 10,Llll 986.899 389,411 (347,307) 6,328 1,034 131 Total of fvnds 1,949,383 1,538,488 (1,271,928) 2,275,943 Page 36 THE HAMLET CENTRE TRUST {A Company Limitad by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Summary of fund$ Summary of funds. currènt y•ar Balance at 31 Mar¢h 2022 Balance at 1 Aprll 2021 Transfgrs Inlout Income Expendlture Designated fund$ General funds Restricted fvnd$ 605.000 575.812 1.036.131 606,000 675,475 960,515 1.128A98 {1.063.369) 269.268 1309.360} 34,524 134,5241 2,215,943 1,397,766 11,372,719) 2,240.990 Summary of funds - prior y￿r Balance al 31 Ma￿h 2021 B818nc& at t Aprfl 2020 Trnnsf&rs I￿out Income EX￿nditU De5ignalod fund$ General lunds Restridad funds 345.568 6t7,It6 986,699 259,432 (924.621) (265. 760) (347,307) 6,328 601C 575,812 1,034t31 1. 149.or7 389.411 1,949.383 1,538.488 (1,271,928J 2,215,943 Page 37 THE HAMLET CENTRE TRUST IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 18. Anatysls of net assets between funds Anaty$is of ngt assets between funds- current year R•stricted Unrestrlcted funds fund8 2022 2022 Total funds 2022 Tangible fixed assets Current assets Credf(ors due within one year 900,535 64,483 {4,5031 464.913 889,614 (74.052) 1,365,448 954,097 178,555} Total 960,515 1.280,475 2.240.990 Anatysis of net assots ￿t￿O￿n funds- prfor year Resbycled Un￿$t￿¢t￿d fvnds funds 2021 2021 Tof81 funds 2021 Tangib￿ fLYed assets Current assets Creditors due within one year 918.585 116,546 439,th) 787,645 (46,683) 1,358.435 904, 191 {46.683J Total 1,035, 131 1. 180,812 2,215,943 19. R￿OnCIlIatIOn of net movement in funds to net cash flow from operating a¢tNItI¢$ 2022 2021 Net income forthe year (as per Statement of Financial Activ((iesl 25.047 266,560 Adjustments for: Depreciation charges LO$￿(Profit) on th8 sale of fixed assets Decreasellincreasel in debtors Increase in ¢redrtors 75.a89 {1,4851 18.348 31.872 59,492 (22.268) 7,262 Net provided by oparating actlvltle• 149.271 311,046 Page 38 THE HAMLET CENTRE TRUST (A Company Limit•d by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 20. Analysis of cash and cash ￿￿1¥a￿nts 2022 2021 Cash in hand 840,105 771,851 Total cash and cash equlvalents 840.105 771,851 21. Analysls of Net Debt At 1 April 2021 Cash flowts At 31 March 2022 Cash at bank and in hand 771,861 68,254 840,105 771.851 68.254 840.ios Capital commltmenls 2022 2021 Contracted for but not provided in these financial statements Acquisition of tangible fixed assets 21.623 Pen$lon commitments The Charity op8rates a defir￿ eonlribution$ pension s¢hemfr. The assets of Ihfr sGheme are hekl Separate￿ from those of the Charity in an 1ntjeponden￿Y administered fund. The pensions cost charge represents contributions payable by the Charity to the fund and amounted to £21574 {2021.' £22, 720J. Pag• 39 THE HAMLET CENTRE TRUST (A Company Limited by Guarantèè} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Operatilng lease commitments Al 31 March 2022 Ihe Charity had commitments to make future minimum leas6 payments under non- anGellable operating leases a5 follows- 2022 Not tater than 1 year Laer than 1 year and not later than 5 years Later than 5 years 22.298 74,611 96.809 The following lease payrnents hav8 been reeognised as an expense in the Ststement of Financial Aclivilies.. 2022 Operatingloase rentals 15,154 26. Relatod party transactions The Charty has not entared into any reloled party transaction during tha year, nor are there ary outstanding balances owng between related parties and the Charity at 31 Mar¢h 2022. Controlling party Ther8 is no controlling party. Page 40