2022-03-31-accounts - Hastings Area Community Trust

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						Unrestricted	Restricted	Endowment	Total	Total
					Notes	Fund	Fund	Fund	2022	2021
Incoming Resources
Incoming Resources &om Generated				Funds:
Voluntary Income
Grants receivable:
The Isabel Blackman Foundation							15,000		15,000	10,000
Sussex Housing Trust	for the			Elderly			8,000		8,000	6,000
Orbit							0		0	0
Baby Pantry - Hastings		Rotary					0		0	500
Pantry: Sussex Community				Foundation			11,450		11,450	25,326
Pantry: Awards for All							0		0	9,984
Donations
General
Investment Income
Listed Investments -General								15,246	15,246	14,947
Listed Investments -Hart		Fund						16,063	16,063	16,026
Cash Investments -General									7	19
Incoming Resources fiom Charitable			Activities:
Properly Income						20,657			20,657	20,056
Administration Fees						4,000			4,000	4,000
Other Income
Vehicle Expenses 2018/19	refunded			by ETC
Insurance Claim - Lightning		Strike
Total Incoming Resources						24,664	34,450	31,309	90,423	106,858
Resources Expended
Charitable Activities:					2	33,730	33,458	17,815	85,003	91,357
Governance Costs:					3	1,120			1,120	1,160
Total Resources Expended						34,850	33,458	17,815	86,123	92,517
Net Incoming Resources for	the year
before other recognised gains and				losses		(10,186)	992	13,494	4,300	14,341
Other Recognised Gains and		Losses
Gains/(Losses) on Investment	Assets:
Unrealised								81,410	81,410	155,479
Realised								0	0	0
						0	0	81,410	81,410	155,479
Net Movement In Funds						(10,186)	992	94,904	85,710	169,820
Reconciliation ofFunds
Total Funds brought forward at		1stApril 2021				134,978	20,380	1,053,142	1,208,500	1,038,680
Transfer between Funds						0		0	0	0
Total Funds carried forward		at
31stMarch 2022						f124,792	f21,372	f1,148,046	f1,294,210	61,208,500

		Notes	2022	2021
FIXEDASSETS
Tangible Assets			120,000	124,000
Investments			1,099,911	1,018,501
Total Fixed Assets			1,219,911	1,142,501
CURRENT ASSETS
Debtors		7	116	103
Cash Deposits			37,689	43,485
Cash at Bank and in	Hand		40,459	25,311
Total Current Assets			78464	68,899
LIABILITIES
Creditors: Amounts	falling due within one year	8	3,965	2,900
Net Current Assets			74,299	65,999
Net Assets			g1,294,210	K1,208,500
THE FUNDS OF THE CHARITY
Endowment Funds		13	1,148,046	134,978
Restricted Funds		12	21,372	20,380
Unrestricted Funds		11	124,792	1,053,142
Total Charity Funds			81,294,210	f1308,500

F	OR THE	YEA		R EN	DED	31	ST	MA	RCH 2022
										UnrestrictedRestricted			Endowment	Total	Total
											Fund	Fund	Fund	2022	2021
2.	Charitable	Activities
	Grants - General											14,904	17,815	32,719	32,465
	Grants - towards			Projects								18,554		18,554	26,210
	Wages										11,814			11,814	Ii,599
	Electricity										9,796			9,796	6,812
	Gas										205			205	188
	Rates (including			arrears	raised on		Tenants		for
	earlier years			and less the		resulting		refund due to HACT)			3,548			3,548	632
	Water										359			359	449
	Insurance -	Buildings and General									914			914	811
	Van - Insurance		and Road Fund Licence												1,244
	Repairs										1,009			1,009	502
	Cleaning Services and Materials										1,222			1,222	2,737
	Printing, Postage,			Telephone		and	Stationery				747			747	790
	General Expenses										116			116	146
	Depreciation	of	Vehicle												2,772
	Depreciation	of	Freehold Property								4,000			4,000	4,000
											233,730	f33,458	817,815	f85,003	f91,357
3.	Governance	Costs
										UnrestrictedRestricted			Endowment	Total	Total
											Fund	Fund	Fund	2022	2021
	Independent	Examiner's			Services						1,120			1,120	1,160
											F.I,120	f0	KO	g1,120	f.l,160
4.	Employees
	Wages:													11,814	11,599
														f.11,814	f.11,599
	During the year		none ofthe staff employed						by the Charity	earned f60,000		p.a.or more.
	The average	number ofemployees					during the year was:

FOR THE YEAR ENDED 31S	FOR THE YEAR ENDED 31S	FOR THE YEAR ENDED 31S	FOR THE YEAR ENDED 31S	FOR THE YEAR ENDED 31S	TMARC	TMARC	H 2022
5.Tangible Fixed Assets (at Cost or					Valuation)									2022	2021
								Freehold Land			Motor			Total	Total
									dh Buildings	Vehicles
At 1stApril 2021									200,000		11,085			211,085	211,085
Addition - at cost [FiatDoblo		Regn.			No:	KT67FON]								0	0
									200,000		11,085			211,085	211,085
Less: Disposals - Transferred		at no cost to ETC Sussex													0
At 31stMarch 2022									200,000		11,085			211,085	211,085
Depreciation
At 1st April 2021									76,000		11,085			87,085	80,313
Provision for the year									4,000					4,000	6,772
At 31stMarch 2022									80,000		11,085			91,085	87,085
Written Down Value
At 31stMarch 2022									120,000					f120,000	f124,000
At 31stMarch 2021									124,000	I		-		$124,000	f130,772
The Freehold Property 48-49		Cambridge				Gardens, Hastings,			was valued in March 2003				by Estate Agents		'Rush,
Witt k Wilson".
The Motor Vehicle which had		been			written down to "nil"			in	earlier years was		donated	to	ETC Sussex (Charity No: 1147918)
during 2021/22
6.Investments (Listed)				Market			Additions/		Realised	Unrealised				Market
				Value at			(Sales)	Gains/(Loses)		Gains/(Loses)				Value at
			01.04.2021						for the year	for the year			31.03.2022		2021
Endowment F'and [General]
28,545.87 COIF Investment	Fund
Income Units				511,725							44,163			555,888	511,725
[Historical Cost - f291,703]
Endowment Fund [Hart]
14231.36 COIF Investment	Fund
Income Units				255,117							22,017			277,134	255,117
[Historical Cost - 5177,215]
50323.51 COIF Fixed Interest			Fund
Income Units					67,816						(4,826)			62,990	67,816
Piistorical Cost - 870,000]
45983.05 COIF Global Equity			Inc.		Fund
Income Units				113,008							9,482			122,490	113,008
[Historical Cost - f70,000]
62757.76 COIF Property Fund
Income Units					70,835						10,574			81,409	70,835
Piistorical Cost - f70,000]
			f	1,018,501							81,410		f.	1,099,911	f 1,018,501

FO	RTHE YEAR E	NDED 31STMARCH 2022
			2022	2021
7.	Debtors
	Other Debtors		116	103
			116	$103
8.	Creditors: Amounts	falling due within one year
	Other Creditors		3,965	2,900
			3,965	$2,900

	Unrestricted	Restricted	Endowment
	Fund	Fund	Fund	Total
Tangible Fixed Assets	120,000			120,000
Investments			1,099,911	1,099,911
Current Assets	8,757	21,372	48,135	78,264
Current Liabilities	(3965)			(3,965)
	124,792	21,372	1,148,046	81,294,210

11.Unrestricted Funds	11.Unrestricted Funds			Balance at	Movemeat	in Resources	Balance st
				1.4.2021	Incoming	Outgoing	313.2022
General				10,978	24,664	30,850	4,792
Designated - Property Reserve				124,000		4,000	120,000
				134,978	24,664	34,850	F124,792
12.Restricted Funds				Balance at	Movement	in Resources	Balance at
				1.4.2021	Incoming	Outgoing	31.3.2022
The Isabel Blackman Foundation			Fund	5,421	15,000	6,247	14,174
Sussex Housing	Trust for the Elderly			1,217	8,000	7,613	1,604
Orbit Fund				195			195
Baby Pantry				3,121		1,044	2,077
Pantry - Awards	for All			902		902
Pantry - Sussex	Community	Fund		9,524	11,450	17,652	3,322
				20,380	34,450	33,458	f21,372

Endowment Funds	Endowment Funds
				2022	2021
Permanent
Balance at	1stApril 2021			511,725	424,089
Unrealised	GainJ(Losses)	on Investment	Assets	44,163	87,636
Balance at	1stApril 2022			f555,888	f511,725
Expendable [General]
Balance at	1stApril 2021			21,887	15,937
Investment	Income			15,246	14,947
				37,133	30,884
Less: Resources Expended				11,244	8,997
Balance at	1stApril 2022			f25,889	$21,887
Expendable [Hart Fund]
Balance at	1stApril 2021			519,530	446,352
Investment	Income			16,063	16,026
Unrealised	Gains/(Losses)	on Investment	Assets	37,247	67,843
				572,840	530,221
Less: Resources Expended				6,571	10,691
Balance at	1stApril 2022			$566,269	5519,530
Summary
Permanent	- General			555,888	511,725
Expendable	- General			25,889	21,887
Expendable	- Hart			566,269	519,530
				KI,148,046	f.1,053,142