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2023-03-31-accounts

Unrestricted Restricted Endowment Endowment TotaI Total
NotesFund Fund Fund 2023 2022
IncomingResources
IncomingResourcesfromGeneratedFunds:
VoluntaryIncome
Grants receivable:
The IsabelBlackmanFoundation 0 0 15,000
SussexHousing Trust fortheElderly 6,000 6,000 8,000
Orbit 0 0 0
Baby Pantry - Hastings Rotary 0 0 0
Pantry:SussexCommunityFoundation 0 0 11,450
Pantry:Awards forAll 0 0 0
Donations
General 400 400 0
Investment Income
ListedInvestments-General 15,967 75,967 15,246
ListedInvestments-Hart Fund 15,609 15,609 16,063
CashInvestments - General 318 318 7
IncomingResourcesfromCharitableActivities:
Property Income 22,616 22,616 20,657
AdministrationFees 4,000 4,000 4,000
Other Income
VehicleExpenses2018119refunded byETC 0 0
InsuranceClaim-LightningStrike 0 0 0
Total IncomingResources 27,334 6,000 37,576 64,910 90,423
ResourcesExpended
CharitableActivities: 7 30,883 15,307 21,779 67,969 85,017
GovernanceCosts: 3 960 960 1,120
TotalResourcesExpended 3r,843 15,307 21,779 68,929 86,137
NetIncomingResourcesfortheyear
beforeotherrecognised gains andlosses (4,509) (9,307) 9,797 (4,019) 4,286
OtherRecognisedGains andLosses
Gains/(Losses) on InvestmentAssets:
Unrealised (52,512) (52,512) 81,410
Realised 0 0 0
(52,512) (52,512) 8i,4i0
NetMovementInFunds (4,509) (9,307)(42,715) (56,531) 85,696
Reconciliation ofFunds
TotalFundsbrought forward atlstApril2022
Transfer between Funds		 124,77821,372
0		 1,148,046l,294,196
00		 1,208,500
0
TotalFundscarriedforward at
31stMarch2023 f.120,269 f.12,065 f1,105,331f.l,237,665 {.r,294,196
Notes 2023 2022
FIXEDASSETS
TangibleAssets 116,000 120,000
Investments 1,047,399 1,099,911
TotalFixedAssets 1,763,399 1,2I9,9L1
CURRENTASSETS
Debtors t52 tr6
CashDeposits 37,949 37,689
Cash atBankandinHand 40,064 40,445
Total CurrentAssets 78,164 78,250
LIABILITIES
Creditors:Amountsfallingduewithinoneyear 3,898 3,965
NetCurrentAssets 74,266 74,285
NetAssets "23?,66t f.
THEF'UNDSOF'THECI{ARITY
EndowmentFunds 13 1,105,33i 1,148,046
Restricted Funds t2 12,065 21,372
Unrestricted Funds t1 120,269 124,779
Total CharityFunds f1,237,665 81,294,196

UnrestrictedRestricted Endowment UnrestrictedRestricted Endowment UnrestrictedRestricted Endowment UnrestrictedRestricted Endowment Total Total
Fund X'und Fund 2023 2022
2.Charitable Activities
Grants -General
Grants-towards Projects		 11,985
17))		 21,77933,764
3,322		 32,719
19,554
Wages
Electricity
Gas		 14,379
8,383
./.5i		 14,379
9,393
233		 11,814

9,796

20s
Rates(includingarrears raised on Tenantsfor
earlieryears andlesstheresultingrefunddueto
Water		 HACr)
88
231		 88
23r		 3,549
3s9
Insurance-Buildingsand General l,lg2 l,lg2 gl4
Van-Insurance and RoadFund Licence
Repairs
CleaningServices andMaterials
Printing,Postage,Telephone and Stationery		 729
620
748		 729
620
748		 1,009
t,222
747
General Expenses 290 290 130
Depreciationof Vehicle
DepreciationofFreehold Property 4,00; 4,000 4,000
f30,883
:::::		 f.ts,307 {2t,779 f.67,969f,95,017
Governance Costs
UnrestrictedRestricted Endowment Total Total
X'und Fund
Fund		 2023 2022
Independent Examiner'sServices 960 960 1,120
f960 f0 f0 f960 f.1,120

5.Tangible FixedAssets(atCostorYaluation) 2023 2022
FreeholdLand Motor Total Total
&Buildings Vehicles
AtlstApr1l2022 200,000 11,085 211,095 2l1,085
Addition- at costlFiat DobloRegn.No: KT6TFONI 0 0
200,000 11,095 211,085 21I,095
Less: Disposals-TransferredatnocosttoETCSussex 0
At 3lstMarch2023 200,000 11,095 211,085 211,085
Depreciation
AtlstApri12022 80,000 I1,085 91,085 87,085
Provision forthe year 4,000 4,000 4,000
At 3lstMarch2023 84,000 11,095 95,085 91,085
WrittenDown Value
At31stMarch2023 f 116,000 f,
-		 f,116,000 f120,000
At 3lstMarch2022 f
::::		 120,000 f - f.124,000 f.124,00a
6. Investments(Listed) Market Additions/ Realised Additions/ Realised Additions/ Realised Unrealised Market
Valueat
(Sales)Gains/(Loses)
01.04.2022
fortheyear		 Gains/(Loses)
fortheyear		 Value at
31.03.2023		 2022
EndowmentFund[General]
28,545.87 COIFInvestmentFund
IncomeUnits 555,888 (21,035) 534,853 555,888
[HistoricalCost -f291,703]
EndowmentFundffIart]
14231.36COIF lnvestmentFund
IncomeUnits 277,134 (10,487) 266,647 277,734
[HistoricalCost - f,177,2751
50323.51COIF FixedInterest Fund
IncomeUnits 62,990 (3,729) 59,261 62,990
[HistoricalCost -f,70,000]
45983.05COIF Global Equity Inc.Fund
IncomeUnits 722,490 (4,346) I18,144 122,490
fHistoricalCost -f70,000]
62757.76COIF PropertyFund
IncomeUnits 81,409 (12,915) 68,494 81,409
[HistoricalCost-f70,000]
f,1,099,917 f. - f - f,(52,512) f.1,047,399f.t,0gg,g71
HASTINGS AREACOMMUNITYTRUST
NOTESTO THE ACCOUNTS(CONTTNUED)
FORTHE YEARENDED31STMARCH2023		 Page 9
2023 2022
7.Debtors
Other Debtors t52 116
t52 f116
8.Creditors: Amountsfallingduewithinoneyear
Other Creditors 3,898 3,965
3,898 f3,965

Unrestricted Restricted Endowment
Fund Fund Fund Total
TangibleFixedAssets 116,000 116,000
Investments 1,047,399 1,047,399
CurrentAssets 8.167 D,06; <7 0?? 78,164
CurrentLiabilities (3,898) (3,898)
120,269 12,065 1,105,33I f,t,237,66s

11.UnrestrictedFunds Balanceat Movementin Resources Balanceat
1.4.2022 Incoming Outgoing 31.3.2023
General 4,779 27,334 27,843 4,269
Designated - PropertyReserve 120,000 4,000 116,000
124,778 27,334 31,843 t120,269
12.Restricted Funds Balanceat Movementin Resources Balanceat
L4.2422 Incoming Outgoing 31,3,2023
The IsabelBlackmanFoundation Fund
SussexHousingTrust fortheElderly		 14,174
1,604		 -
6,000		 7,239

4,236
6,936

3,369
OrbitFund 195 195
Baby Pantry 2,077 - 511 1,566
Pantry -Awards forAll
Pantry-SussexCommunityFund 11// - 3.322
21,372 6,000 15,307 f,12,065

EndowmentFunds
2023 2022
Permanent
Balanceat1stApril2021 555,888 511,725
Unrealised Gains/(Losses) on lnvestmentAssets (2t,035) 44,163
Balanceat1stAprI2A22 _f534,853 f,555,999
Expendable[General]
Balanceat1stApril2021 25,ggg 21,887
Investment Income 15,967 15,246
41,856 ) I,L))
Less: ResourcesExpended 7,929 11,244
BalanceatlstApil2022 _f34,0r? f25,889
Expendable[HartFund]
Balanceat1stApril2021		 566,269 519,530
Investment Income 15,609 16,063
Unrealised Gains/(Losses) on InvestmentAssets (31,477) 37,247
550,401 572,840
Less: ResourcesExpended 13,950 6,571
Balanceat1stApil2022 j36n f.566,269
Summary
Permanent-General 534,853 555,888
Expendable-General 34,027 25,889
Expendable -Hart 536,451 566,269
_flffi1 Lr,148,046