2021-03-31-accounts - The Hadley Trust

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CONTENTS		PAGE
Trustees and professional advisers
Trustees' annual report		2-10
Independent auditors	report	11-13
Statement offinancial	activities	14
Statement offinancial	position
Notes to the financial	statements	16-21

The Trustees	The Trustees	Philip Hulme
		Jan Hulme
		Tom Hulme
		Juliet Lyon
		Kate Prideaux
		Sophie Swift
Charity Offices		'Gladsmuir'
		Hadley Common
		Barnet
		Herts.
		EN5 5QE
Auditors		Newton 8 Gamer Limited
		Chartered Accountants		&Registered	Auditors
		Building 2
		30 Friern Park
		North Finchley
		London, N12 9DA
Accountants		City Tax Consultants	Limited
		Building 2
		30 Friern Park
		North Finchley
		London, N12 9DA
Bankers		Barclays Bank pic
		One Stanhope Gate
		Mayfair
		London W1K 1AF
Solicitors		Linklaters
		One Silk Street
		London
		EC2Y8HQ
Investment	Advisers	Goldman Sachs International
		Piumtree Court
		25Shoe Lane
		London
		EC4A 4AU

					Total Funds	Total Funds
			Unrestricted	Endowment	Year to	Year to
		Note	Funds f	Funds 0	2021f	2020f
INCOME AND ENDOWMENTS
Donations and legacies		4				2,852,100
Investments		5	1,749,245		1,749,245	3,410,574
TOTAL INCOME			1,749,245		1,749,245	6,262,674
EXPENDITURE
Expenditure on raising funds:
Investment management costs		5	(415,311)		(415,311)	(421,696)
Expenditure on charitable activities		71$	+33785,759		~2785750	~3, 86, 4263
TOTAL EXPENDITURE			4,201070		~420107,0	,~4,286,319
Net gains on investments		12		4,835,255	4,835,255	3,592,477
Net income			(2,451,825)	4,835,255	2,383,430	5,568,832
Transfer between funds		13	2451 825	~2,451 $25
				2,383,430	2,383830	5,566,632
OTHER RECOGNISED GAINS AND LOSSES
(Losses)/gains on revaluation	offixed assets			74682,183	74662183 ,	18,693,891
NET INOVEMENT IN FUNDS				77,045,513	77,045,513	24,172,723
RECONCILIATION OF FUNDS
Total Funds brought forward				210174915	210174915	185002192
TOTAL FUNDS CARRIED FORWARD				287 220 528	287220528	210174915

		31S	TMARCH	2021
				2021		2020
		Note	E
FIXEDASSETS
Tangible assets		14					1,813
Investments		15		285,626,848		209,399,455
				285,626,848		209,401,268
CURRENT ASSETS
Debtors		16	453,341		59,885
Cash at bank			1,184,298		757,517
			1,637,639		817,502
CREDITORS: Amounts due within one year	falling	17	~43009		43855
NET CURRENT ASSETS				1,593,680			773,647
TOTAL ASSETSLESS	CURRENT	LIABILITIES		287,220,528		210,174,915
NET ASSETS				207 220 520		210,174,915
FUNDS OF THE CHARITY
Endowment funds		18		287,220,528		210,174,915
TOTAL CHARITY FUNDS				207 220520		210	174915

4.	DONATIONS AND LEGACIES				2021 f	2020 f
	Other voluntary income					2,852,100
5.	INVESTMENT INCOME				2021f	2020 f
	Income from investment properties				57,932	57,433
	Income from listed investments				1,886,885	3,336,351
	Income from cash investments				(572)	11,790
	Income from other investments				5,000	5,000
					1,749,245	3,410,574
6.	INVESTMENT MANAGEMENT		COSTS		2021f	2020f
	Portfolio management				385,512	405,595
	Rent collection and investment	property		management	7,442	7,372
	Property repairs and maintenance		charges		22357	8,729
					415311	421,696

out in the Truste	es' Repo	rt on page 3.
						TotalFunds	Total Funds
				Support	Governance	Yearto	Year to
		Grants f		Costs f	Costs f	2021f	2020 f
Crime and Justice		1,447,437		44,630	54,233	1,546,300	1,520,744
Young People		588,195		18,113	22,012	626,320	473,558
Social investment		421,000		12,985	15,779	449,764	93,935
Hospices		345,000		10,584	12,882	368,446	740,278
Local		324,028		9,930	12,067	348,023	319,501
Medical		228,383		6,984	8,486	241,853	215,143
Disabilities		164,000		5,019	6,100	175,119	164,301
International		30,000		873	1,061	31,934	37,462
Climate change						0	299,702
		3.644 041		109,110	132600	3700 750	3,864,624
SUPPORT AND	GOVERNANCE COSTS					2021 f.	2020f
The breakdown	ofsupport costs attributable		to	charitable activities is:
Staff salaries &	Nl					105,517	104,250
Depreciation						1,813	8,405
Motor						1,526	1,166
Office						262	382
Travel							650
Governance costs —Legal, audit &accountancy						132000	139200
						241 710	254 053

STAFF COSTS AND EMOLUMENTS	STAFF COSTS AND EMOLUMENTS	STAFF COSTS AND EMOLUMENTS		2021	2020
The aggregate	payroll costs were:
Wages and salaries				97,600	95,500
Social security	costs			8,017	8,750
				105511	104,250
Particulars of	employees:
The number of	staff employed	by the charity during the financial year amounted	to:
				2021	2020
				No.	No.

NET INCOME
This is stated after charging:		2021f	2020 5
Depreciation		1,813	5,405
Auditors remuneration:
-audit ofthe financial statements		4,800	3600
NET GAINS ON INVESTMENTS		2021	2020
		6	5
Gains/(Losses) on cash held for investment	purposes	669,081	(148,828)
Gains on listed investments		3,349,57$	1,647,200
Gains on other investments		010621	2,004 105
		4,835,255	3,592,477

UK investment properties Services Limited.	were revalued at 31st March 2017by Mr.	C.D. Scorer ofScorer Prope	rty
16.DEBTORS		2021f	2020f
Other debtors		64,885	59,885
Payments reported to Police		388,456
		453,341	59,885
17.CREDITORS: Amounts	falling due within one year:	2021f	2020f
Taxation and social security		4,359	4,255
Accruals		39600	39,500
		43059	43855