2022-07-31-accounts - The Hilborne Foundation

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	`Page`
`Trustees’report`	`1`
`Trustees’responsibilitiesstatement`	`4`
`Independentauditor’sreport`	`5`
`Statementoffinancialactivities`	`8`
`Balancesheet`	`9`
`Notestothefinancialstatements`	`10`

Saffery Champness LLP, Statutory Auditor

	`Note`	`2022`	`2021`
		`£`	`£`
`Incomingresources`
`Donationincome`		`-`		`-`
`Investmentincome`	`2`	`171,650`	`155,588`
`Totalincomingresources`		`171,650`	`155,588`
`Expenditure`
`Costofraisingfunds:`
`Fundraisingcosts`		`(20,848)`	`(26,190)`
`Expenditureonothercharitableactivities:`
`Donations`		`(236,755)`	`(117,000)`
`Administrationcosts`		`(8,033)`		`-`
`Totalresourcesexpended`	`3`	`(265,636)`	`(143,190)`
`Netincoming/ (outgoing)resourcesbeforeotherrecognised`
`gainsandlosses`		`(93,986)`	`12,398`
`Gainsandlosses`
`Realisedgain/ (loss)oninvestmentassets`		`86,996`	`149,135`
`Unrealisedgain/ (loss)oninvestmentassets`	`5`	`(421,136)`	`801,934`
`Netmovementinfunds`		`(428,126)`	`963,467`
`Totalfundsbroughtforward`		`5,985,401`	`5,021,934`
`TOTALFUNDSCARRIEDFORWARD`	`10`	`5,557,275`	`5,985,401`
`Alltheactivitiesderivefromcontinuingoperations.`
`Allincomeandexpenditureisunrestricted.`

	`Note`		`2022`		`2021`
			`£`		`£`
`FIXEDASSETS`
`Investments`	`5`		`4,812,536`		`5,249,323`
`Debtorsaftermorethanoneyear`	`6`		`685,419`		`584,250`
`CURRENTASSETS`
`Debtorsduewithinoneyear`	`7`	`43,244`		`51,234`
`Cashatbank`	`8`	`23,996`		`108,514`
`CURRENTLIABILITIES`
`Creditorsduewithinoneyear`	`9`	`(7,920)`		`(7,920)`
			`59,320`		`151,828`
`TOTALNETASSETS`			`5,557,275`		`5,985,401`
`Representedby:`
`UNRESTRICTEDFUNDS`	`10`		`5,557,275`		`5,985,401`

		`2022`	`2022`	`2022`	`2022`	`2022`		`2021`		`2021` `2021`
	`Investment`			`Securitiesand`	`Total`		`Investment`		`Securitiesand` `Total`
	`properties`			`other`			`properties`			`other`
				`investments`					`investments`
`Marketvalue`			`£`	`£`		`£`		`£`		`£` `fe`
`At1 August`	`351,468`			`4,897,855`	`5,249,323`		`351,468`		`3,876,150` `4,227,618`
`Additions`			`-`	`193,778`	`193,779`			`-`	`831,623` `831,623`
`Transfer`			`-`		`-`	`-`		`-`		`-` `-`
`Disposals`			`-`	`(209,430)`	`(209,430)`			`-`	`(611,852)` `(611,852)`
`Revaluation`			`-`	`(421,136)`	`(421,136)`			`.`	`801,934` `801,934`
	`351,468`			`4,461,067`	`4,812,536`		`351,468`		`4,897,855` `5,249,323`
`TheinvestmentpropertyisinSpain`		`and`	`iscurrentlybeing`		`marketedfor`	`sale.`	`Itisstatedatitsexpectedrealisable`
`value.`
`Investmentswith`	`amarketvalue`	`of£4,461,067(2021:`			`£4,897,855)`	`aremanaged`		`onbehalfof`		`theHilborne`
`FoundationbyEvelynPartners.The`		`portfolioisspreadacrossdistinctclassesofinvestmentas`							`follows:`
								`2022`		`2021`
								`£`		`£`
`UKListedEquity`							`1,476,713`			`1,627,132`
`UKAlternativeInvestmentsMarket`								`152,815`		`204,188`
`UKFixedInterest`								`247,836`		`310,153`
`OverseasListed`	`Equity`						`1,096,502`			`1,918,980`
`MultiAsset`								`95,498`		`95,384`
`OverseasFixedInterest`								`165,192`		`158,793`
`Property`								`596,168`		`583,225`
`GloballistedEquity`								`630,343`		`-`
`Marketvalueat`	`31July`						`4,461,067`			`4,897,855`

		`2022`	`2021`
		`£`	`£`
`Loan`	`repayable`	`685,419`	`584,250`

`Debtorsduewithinoneyear`
	`2022`		`2021`
	`£`		`£`
`Accruedinvestmentincome`	`43,244`		`51,134`
`Otherdebtors`		`-`	`100`
`Debtors`	`43,244`		`51,234`
`Cash`
	`2022`		`2021`
	`£`		`£`
`Bankdeposits`	`23,996`		`108,514`
`Creditorsduewithinoneyear`
	`2022`		`2021`
	`£`		`£`
`Accruals`	`7,920`		`7,920`

		`Balanceat`	`Income`	`Expenditure`	`Investment`	`Balanceat`
	`1`	`August2021`			`asset`	`31July2022`
					`gain/(loss)`
		`£`	`£`	`£`	`£`	`£`
`Unrestrictedfunds`		`5,985,401`	`171,650`	`(265,636)`	`(334,140)`	`5,557,275`