##
##
Charlty number: 1002178
THE JOHN HEMINGWAY CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
##
|||CONTENTS|||
|---|---|---|---|---|
|||||Page|
|Reference and administrative||details ofthe charity, its trustees|and advisers||
|Trustees' report||||2-3|
|Independent
examiner's|report|||4-5|
|Statement
offinancial activities|||||
|Balance sheet|||||
|Statement ofcash flows|||||
|Notes to the financial statements||||9-16|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
|||||Note|2023|2023|2022f|
|Income from:||||||||
|Donations
and legacies|||||40,000|40,000|5,347|
|Investments|||||91,781|91,781|352,783|
|Total income|||||131,781|131,781|358,130|
|Expenditure
on:||||||||
|Governance
costs|||||13,184|13,184|10,156|
|Charitable
activities|||||47,410|47,410|112,053|
|Total expenditure|||||60,594|60,594|'/22, 209|
|Net income before investment||losses|||71 187|71,187|235,921|
|Net losses on investments|||||||(310,250)|
|Net income /(expenditure)|before other recognised||gains|||||
|and losses|||||71,187|71,187|(74,329)|
|Gains/(losses)
on revaluations||offixed assets|||(145,425)|(145,425)|56,187|
|Net movement
in funds|||||(74,238)|(74,238)|(18,142)|
|Reconciliation
offunds:||||||||
|Total funds brought
forward|||||2,107,077|2,107,077|2,125,219|
|Total funds carried forward|||||2,032,839|2,032,839|2,107,077|
##
||||||BALANCE SHEET|BALANCE SHEET|||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||AS AT 5APRIL 2023||||||
||||||||2023|||2022|
||||||Note||||||
|Fixed assets|||||||||||
|Investments|||||||1,914,479||1,979,282||
|Current assets|||||||||||
|Cash at bank and|in|hand||||131,239||135,758|||
|Creditors: amounts||falling due within one|||||||||
|year||||||(12,879)||(7,963)|||
|Net current assets|||||||118,360||127,795||
|Net assets|||||||2,032,839||2,107,077||
|Charity Funds|||||||||||
|Unrestricted
funds|||||||2,032,839||2,107,077||
|Total funds|||||||2,032,839||2,107,077||
|The financial statements|||were approved|by|the Trustees on|~ i QS|+
and|signed on their|behalf,|by:|
##
##
##
||||||Note|2023f|2022|
|---|---|---|---|---|---|---|---|
|Cash flows from operating|||activities|||||
|Net cash||used
in operating|activities|||(15,678)|(768,823)|
|Cash flows from investing|||activities:|||||
|Dividends,||interest and rents from investments||||91,781|352,783|
|Proceeds||from sale of investments|||||755,500|
|Purchase||of investments||||(80,622)|(294,831)|
|Net cash||provided
by investing
activities||||11,159|813,452|
|Change|in cash and cash||equivalents|in the year||(4,519)|44,629|
|Cash and||cash equivalents|brought
forward|||135,758|91,129|
|Cash and||cash equivalents|carried forward||12|131,239|135,758|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Investmen|t
income||||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2023|2023|2022|
|||||F|||
|Dividends
from listed
Interest Income||securities||91,690
91|91,690
91|352,783|
|||||91,781|91,781|352,783|
|Total 2022||||352,783|352,783||
|Charitable|expenditure||||||
|Charitable|expenditure|for|the year is as follows||||
|Donations|||||||
|||||Unrestricted|Total|Total|
|||||funds|2023f|2022|
|Harley Foundation||||11,500|11,500|11,000|
|Mill Hill||||5,000|5,000|5,000|
|Rothermere|American|Institute||10,000|10,000|10,000|
|Ellen McArthur Cancer||Trust|||||
|StAndrews
The Lotus|Church
Grinton
Foundation|||4,000
8,510|4,000
8,510|3,500
7,474|
|Mail Force|||||||
|Children's
The Royal|Hospices across London
Marsden
Cancer Charity|||||5,000
5,000|
|Thrombosis
Guy's and|UK
StThomas'|Charity||||5,000
5,000|
|Worksop College Scholarship||||3,000|3,000|49,679|
|Worksop College Student|||Award|5,400|5,400|5,400|
|Total||||47,410|47,410|112,053|
|Total 2022||||112,053|112,053||
##
##
##
|Governance
costs||||
|---|---|---|---|
||Unrestricted|Total|Total|
||funds|funds|funds|
|||2023|2022|
|Accountancy fees|2,798|2,798|2,688|
|Trustees fees|6,581|6,581|5,328|
|Broker fees|1,874|1,874|2,107|
|Interest|||33|
|Total|11,253|11,253|10,156|
|Total 2022|10,156|10,156||
##
##
##
##
##
|Fixed asset investments||
|---|---|
||Listed|
||securities|
|Market value||
|At 6 April 2022|1,979,282|
|Additions|80,622|
|Revaluations|(145,425)|
|At 5 April 2023|1,914,479|
##
|Invest|ments
at market value comprise:|||
|---|---|---|---|
|||2023|2022|
|Listed|investments|1,914,479|1,979,282|
##
|Creditors: Amounts
|falling due within one year|||
|---|---|---|---|
|||2023f|2022|
|Trade creditors||6,332||
|Accruals and deferred|income|6,547|7,963|
|||12,879|7,963|
##
##
||||Balance at||||Gains/|Balance at|
|---|---|---|---|---|---|---|---|---|
||||6April 2022
f|Income
f|Expenditure|f|(Losses)
f|5April 2023
f|
|Unrestricted|funds||||||||
|Designated|Funds|- all funds|2,107,077|131,781|(60,594)||(145,425)|2,032,839|
|Statement|offunds - prior year||||||||
||||Balance at||||Gain@'|Balance at 5|
||||6April 2021|Income|Expenditure||(Losses)|April 2022|
|Designated|Funds|- all funds|2,125,219|358,130|(122,209)||(254,063)|2,107,077|
|Summary||offunds - current year|||||||
||||Balance at||||Gains/|Balance at|
||||6April 2022f|Income
f|Expenditure|f|(Losses)
f|5April 2023
f|
|Designated|funds||2,107,077|131,781|(60,594)||(145,425)|2,032,839|
|Summary||offunds - prior year|||||||
||||Balance at||||Gainsl|Balance at 5|
||||6 Ap/7'I 2021f|Income|Expenditure||(Losses)|April 2022f|
|Designated|funds||2,125,219|358,130|(122,209)||(254,063)|2,107,077|
##
##
##
##
|Analysis of net assets between funds -current year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2023|2023|
|Fixed asset investments|1,914,478|1,914,478|
|Current assets|131,239|131,239|
|Creditors due within one year|(12,878)|(12,878)|
||2,032,839|2,032,839|
|Analysis of net assets between funds - prior year|||
||Unrestricted|Total|
||funds|funds|
||2022|2022|
|Fixed asset investments|1,979,282|1,979,282|
|Current assets|135,758|135,758|
|Creditors due within one year|(7,963)|(7,963)|
||2,107,077|2,107,077|
|11.|Reconciliation
of|net|movement|movement|in funds to net cash|flow from operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||Net income/(expenditure)||for|the year (as per Statement||of Financial|||
||Activities)||||||71,187|(74,329)|
||Adjustment
for:||||||||
||Losses on investments|||||||(310,250)|
||Dividends,
interest|and|rents|from|investments||(91,781)|(352,783)|
||Increase/(decrease)|in|creditors||||4,916|(31,461)|
||Net cash used in|operating||activities|||(15,678)|(768,823)|
|12.|Analysis ofcash|and|cash|equivalents|||||
||||||||2023|2022|
||Cash
in hand||||||131,239|135,758|
||Total||||||131,239|135,758|
##
##