Charity registratlon number 1074433 RECEIVED 2 5 SEP 2024 NEWMAN & CO MPNA TR LREP RTAN UNA DITED FINAN IAL TEMENT R THE YEAR ENDED 31 DE EMBER 2
PN LTR ST AL ND DMINI TRATIV INFO ATION Trustees Barrie Masterson - Co-opted Chris Barnes- Nominated by Parish Council Christine Rodger- Co-opted Daniel Scott- Co-opted Mark Williams - Nominated by Parish Council Philip Bates - Co-opted Hannah Groom - Nominated by Parith Council Jonathan Gray - Co-opted Hannah Gray - Ex-officio Rector Nicola Ireson - Co-opted (Appointed 13 April 2023) Charlty number 1074433 Prlnclpal address Hempnall Mill Mill Road Hempnall NORWICH Norfolk NRIS 2LP Independ¢nl examlner Waveney Accountants Limited Tlas Newman & Co Chartered Accountants 4b Church Street Diss Norfolk IP22 4DD
HEMPNALL TRUST NTE Page Trustees, rert Independent examinerfs report Statement of financial activities Balance sheet Notes lo the financial statements 7- 17
HEM ALL TRUST UST RT THE EAR ED3 EMBE The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Charities Act 201 l and "A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)" Objeetlves and 8¢tlvldes The charity's objects are: The relief of persons resident in the parish of Hempnall who are in conditions of need. hardship or distress: and The provision and maintenHnce of a centre and oiher such facilities as the trnstees ihink fit for the care and recreation of sIdentS of the parish and its neighbourhood who are such conditions. The trustees confim) Ihal in exercising their powers and duties that they have ¢omplied with their duty to have due gard to the guidance on public benefit published by the Charity Commission. The trustees meet each month to make grants to individual residents of Hempnall who are in sick or need. Income is applied to the maintenance and support of the Mill which is owned and run by the charily. The trustees also make grants towards, or pay for items. services or facilities. to reduce the need, hardship or distres5 of Ihe beneficiaries described above. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achlevement$ and performance The income for the year was £40,458 (2022 £48,215). Expenditure on charitable activities in the year amounted to £55.962 (2022- £65,833). The charity has a wholly owned subsidiary The Mill Bar Company Limited which operates a bar from the Mill to generate additional net income. In 2023 the company generated a profit of £2,752 (2022 - £248). Taxable profits generated by the subsidiary are donated to the charity in the subsequent year. While the trustees have the power to make investments as they see fit. they have maintained the inveslmenl programme advi5¢d by the Charity Commission. Flnanclal revlew In 2023 the Hempnall Trust continued lo feel financial pressures from low returns on inveslmenls. The Trust adjusted to a number of change5 in Trustees and ¢oniinu¢d to review all contracts and review all areas of the charity to ensure commercial viability of each individual area of the charity. Unrestricted funds arise from income received from the Hempnall Church and Town Estate Property Charity and from the investment of surplus in¢ome to augment unrestricied funds. These are sulficient to meet current demand5 on the charity. The charity has had to sell assets from its investments in the last two years to ensure that all current demands can be met, however Ihe trustees are working to ensu that this doesn't need to happen annually. It is the policy of the ¢harity to maintain free reserves. which comprise the nel current assets. at a level sufficient to meet any major expenditure on the ageing Mill building The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
HEMPNALL TRUST TRUSTEE 'REP RT CONTINUED RTHEYE REND D31D CEMBE 023 Structure? governance and management The Hempnall Trusl (Hempnall) was constituted by a Charity Commission Scheme on 23 February 1917 varied by the schemes on 4 March 1963 and 16 February 1978 and order dated 24 May 2006, as amended 4 September 2008, and is registered charity no. 1074433. For aSOnS of administrative convenience, accounts are drawn up annually lo 311)e¢ember. The order of 4 September 2008 changed the charity's name from The Town Eslale Poor Charity (Hempnall) lo The Hempnall Trust. The trustres who served during the year and up to the date of signature of the financial stalemenls were: Barrie Masterson - Co-opted Chris Barnes - Nominated by Parish Council Christine Rodger- Co-opted Gregory Munson - Co-opted Daniel Scott - Co-opted Mark Williams- Nominated by Parish Council Philip Bates - Co-opted Hannah Groom - Nominated by Parish Council Jonathan Gray - Co-opted Hannah Gray - Ex-officio Rector Nicola Ireson - Co-opted Helena Fraser- Co-opted (Resigned 16 March 2024) (Appointed 13 April 2023) (Appointed 13 April 2023 and resigned 20 June 2023) The management of the charity is the responsibility of the Irustees who are elected and co-opied under the terms of the Charity Commission Scheme. The trust advertises a posi, ¢andidales apply and meet wilh the Chair and another trustee, their applicalions are discussed al a meeting and , then i f all Ihe Iruslees are in agrttmenl, they are invited along lo the next trust meeting whereupon they officially start in their role. The trustees meet on the first Thursday in each month (except January and August) to consider needs and requests and to make grants and lo consider the overall direclionlworking of the charity. Decisions relatin8 to the Mill are made al the trustee meetings. The Mill's activities are included wiihin the charity's Slatulory accounts. The trusiees employ a s¢crelary/ireasurer who takes minutes, receives cOeSpOndenCe, issues cheques and maintains Ihe accounts. The charity has a very close relationship with The Church and Town Estate Property Charity {Hempnalll who provide fundin8 (S/0 of net income) lo ihe Trust Charity (Hempnalll. All trustees of this charily are a150 Iruslees of The Church and Town Eslale Property Charity (Hempnalll. A summary of the transactions with this party is sel out ui the financial stalemenis. The following charities also receive funding directly from The Church and Town Estate Property Charity (Hempnall).. The Church Estate Charity (Hempnall) The Town Estate Educational Foundation (Hempnall) The charity makes charges to its wholly owned subsidiary The Mill Ejar Company Limited for the use of the premises.
HEMPN LTR TR STE S'RE RT NTtNUED OR HEY AREN ED31D EMBE 23 The trustees, report was approved by the Board of Trustees. MArk Wllllams - Nominated by Parlsh Counell Trustee Dated.. Phillp Bates- CO-O Trustee Dated:..
HEMPNALL TRU NT EXAMIN EPORT TH TEE EMPNA I report to the trustees on my examination of the financial statements of Hempnall Trust (the charity) for the year ended 31 December 2023. Responslbllities and basls of report A5 the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 201 l Act). I report in respect of my examination of the charity's financial statements Caled out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the 201 l Act. Independent examlner's statemen¢ Your attention is drawn to the fact that the charity has prepared financial statements in aCcOrdae wilh Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 1021 in preference lo the Accounting and RerKyrting by Chariiies.. Statenrnt of Recommended Practice issued on l April 2005 which is referred 10 in the exlanl regulations but has now been withdrawn. understand that this has been done in order for financial stalemenis to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2019. I have completed my examination. I confirni thai no maiters have come to my attention in connection with the examinalion givin8 me cause to believe that in any material respect.. accountin8 record5 were not kept in respect of Ihe charity as required by section 130 of the 201 l Act. or the financial statements do not accord with those records. or the financial statements do not comply with ihe applicable requirements concernin8 the forni and content of accounis set out in the Charities (Accounts and Reporls) Regulatioris 2008 other than any requirement Ihat the accounis give a true and fair view which is not a maller Considered as part of an independeni examinalion. I have no concerns and have come across no other matters in connection with the examination 10 which aiteniion should be drawn in is r pori in order lo able a proper understanding of the financial siatemenls to be reached. Waveney Accountants Limited Tlas Newman & Co Charted Accountanis 4b Church Street Diss Norfolk IP22 4DD Dated. .Ilp..-..q.-.Z4
MPNA TR ST STATEMENT OF FINAN IAL ACTIVI THE YEAR END DECEMB 202 Unrestrlcted Endowment funds funds 2023 2023 Total Unrestrl¢ted Endoivmenl funds fund5 2022 2022 Total 2023 2022 Notes Donations and1¢8acies Charitable activities Other trading activities Inveslm¢nts 1,535 35,569 387 2,967 1.535 35.569 387 2,967 5.964 38,357 533 3.361 5.964 38.357 533 3.361 Total Income 40,458 40.458 48,215 48.215 Charitable activities 55,962 55.962 65.833 65,833 Net gainsl(losses) on inveslmcnts 12 14,584 14.584 (21,081) (21,081) Net loutgoing)Ilncomlng resources before transferg (15.504) 14.584 (920) (17.618) (21,081) (38,699) Gross transfers between funds 5,000 (5.000) 25,000 125,000) Net movement In funds (10,504) 9,584 (920) 7,382 (46,081) (38.699) Fund balances al l January 2023 235.416 157.023 392.439 228.034 203,104 431,138 Fund balanees at 31 December 2023 224,912 166,607 391,519 235.416 157,023 392,439 The Statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from ¢ontinuing aclivities.
HEMPNALL TR ALAN IDE 2023 2023 2022 Notes Flxed assets Tangible assets Investments 14 15 218.252 166.607 225,389 157,023 384,859 382,412 Current assets Stocks Debtors Cash at bank and in hand 17 18 200 220 9,763 200 1,661 10,995 10,183 12,856 Credltors: lmounts falllng due wlthln one year 19 (3.523) (2,829) Net current assets 6.660 10,027 Total assets less current Ilabllltles 391.519 392,439 Capltal funds Endowment funds - general Income funds Unrestricted funds 20 166.607 157.023 224,912 235.416 391,519 392.439 The financial slalements were approved by the Trustees on Mark Williams - Nominated by Parish Council Trustee Philip Bales - Co-opted Trustee
HEMPNALL TRUST TE THE FINANCIAL STATEME R ENDED 31 DECE Accountlng pollcles Charlty Information The Hempnall Trnst (Hempnall) was Constituted by a Charity Comrnission Scheme on 23 FebNary 1917 varied by the schemes on 4 March 1963 and 16 February 1978 and order dated 24 May 2006. as amended 4 September 2008, and is a registered charity no. 1074433. 1.1 Ac¢ountlng conventlon The financial statements have been prepared in accordance with the charity's governing document. the Charities Act 201 l and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SOIiP for charities applying FRS 102 Update Bulletin I not lo prepare a Siatemenl of Cash Flow$. The financial statements have departed from the Charities (Accounts and Report5) Regulations 2008 only to the exlenl required io provide a true and fair view. This departure has involved following the Ststement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Pra¢ti¢e which is refeed to in the Regulations bul which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monelary amounts in thes¢ financial Slalemenls are rounded lo the nearest £. The financial statements have been prepared under Ihe historical cost convention. The principal accountin8 policies adopted are set out below. 1.2 Golng concern Al the time of approving the financial sialements, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus Ihe trustees continue to adopt the going concern basis of accounling in preparin8 the financial statements. 1.3 Charlt*ble funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject 10 Specific conditions by donors as to how Ihey may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial siatemenis. Endowment funds are subject lo specific conditions by donors that the capital must be maintsined by the charity. .4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been mel. the amounts can be measured reliably. and il is probable that income will be received. Income lax recoverable in relation to investment income 15 recognised at the lime the investment income is receivable. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless perf0mnCe condition5 require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expe¢led. If the amount is not known, the Icgacy is treated as a conlingenl asset. Government grants are recognised when there is evidence of entitlement and its amount c&n be reliably measured. Charttable distributions a in respect of one half Share of the net income for the year of The Church and Town Estates Property Charity (Hempnall).
HEMPNALL TRUST TES TO THE F AN TATEM CONTIN ED R THE YEAR ENDED MBER 2023 Accounting policies (Contlnued) 1.5 Exp¢ndlture Expenditure is recogni5ed once there is a legal or Constructive obligation to transfer economic benefit to a third party, it is probable that a Irdnsfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. ExnditU is classified by activity. The costs of each activity are made up of the total of di ct costs and shared costs. including Support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated dire¢ily io that activity. Shared costs which contribute to more than one activity and support costs which are not altribulable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocaled on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird party. it is probable thai a transfer of economic benefits will be required in seltlemenl and th¢ amount of the ligatIOn can be measured reliably. 1.6 Tanglble flxed 4ssets Tangible fixed assets are initially measured at cost and subsequently measured ai cost or valuation. net of depreciation and any impairmeni losses. Depreciation is recognised so as lo write off the cost or valuation of assets less Iheir residual values over their useful lives on ihe ftillowing bases.. Freehold land and buildings Fixtures and fitting5 20/0 slraighi line l 0% straight line The gain or loss arising on the disposal of an asset is detemined as the difference between the sale proceeds and the carying valu¢ of the asset. and is recognised in the slatem¢nt of financial activities. 1.7 Flxed asset Investment$ Fixed asset investments are initially measured ai transaction price excluding transaciion costs, and are subsequently measured al fair value at each reporting date. Changes in fair value are recognised in nel incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.8 ImpAlrment of Ilxed assets Ai each porting end dale, the charity reviews the carying amounts of its tangible assets io deterniine whether there is any indication that those assets have suffered an impairnient loss. If any such indication exis15, the recoverable amount of the asset is eslimaled in or(kr to delem)ine ihe extent of the impairment loss (it anyl- 1.9 Sto¢ks Stocks are staled al the lower of cost and estimated selling price less costs to complete and sell. Cost comprises dire¢¢ malerials and, where appli¢able. direct labour cosls lind those overheads that have been incurred in bringing the stocks to their present location and ¢ondilion. Iiems held for distribution at no or nominal consideration are measured the lower of replacement Cost and cost. Net realisable value is the estimated selling price les5 all estimated costs of completion and costs lo be incurred in marketing, selling and distribution. 1.10 Cash and Cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within 1K)QWingS in current liabilities.
HEMP LTR ST TES TO THE F AN TATEMENTS CONT Accounting polleles (Continued) 1.11 Flnanclal instruments The charity has elecled to apply the provisions of Section 11 'Basi¢ Financial Instrnments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instNmenl. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basicfinancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective inleresi method unless the arrangement constitutes a financing Ifdnsaction, where the transaction is measured at the prtsent value of the fiJture receipts discounted at a markei rate of interest. Financial assets classified as Teceivable wiihin one year are not amortised. BasieJ7tt4n¢lal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangemenl consiitules a financin8 transaction. where the debt insirumenl is measured al the present value of the future payments discounied al a market rale of interest. FinanLial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounls payable are classified as Current liabililies if paymeni is due within one year or le55. If nol, they are presented as non-current liabilities. Trade creditors are recognised iniiially al transaction price and subsequenily measured at amortised cost using the effective Inle81 method. Derecogni¢lon off1tt4n¢lal li4billiies Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee beneflts The cosl of 8ny unused holiday entitlement is recogniscd in the period in which the employee's services are received. Temiination benefits are recognised imrnedialely as an expense when the charity is demonstrably committed to temiinale the employment of an employee or to provide lerniination benefits. Critical aeeounting estlmates and judgements In the application of the charity's accounting policies. the INstees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities thal are not readily apparent from other sources. The estirnales and associated assumptions are based on historical experience and other factors that are LDn5idered to be relevant. Actual resulis may differ from these eslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in whi¢h the estimate is revised where the revision affects only that p¢ri(yJ, or in the period of the revision and future periods where the revision affects both current and fulure periods.
EMPN LLTR CIA STATEMENTS NTIN HE R ENL)ED 31 DE EMBER 202 Donatlons and legacies Unrestricted Unrestrlcted funds funds 2023 2022 Donations and gifts 1,535 5,964 Charitable actlvltles The Mlll Centre 2023 The Mlll Centre 2022 Charitable distribution Sale of meals Hire of hall and sundry income 15,213 14,260 6,096 15.789 11,979 10,589 35,569 38.357 Other tradlng actlvltles Unrestrleted Unrestrlcted funds funds 2023 2022 Rental income 387 533 Investments Unrestricted Unrestrlcted funds funds 2023 2022 Investment income 2,967 3,361 10-
HEM NALL TRUST TE TOT E FINANCIAL STATE EN TIN ED Charlt*ble aetlvltles The MIRI Centre 2023 People in need 2023 Total 2023 The Mlll Centre 2022 P¢opl¢ In need 2022 TotAI 2022 Siaff costs Depreciation and impairnient 16,246 16,246 17,041 17,041 7.397 8,859 7,397 8,859 6,745 9,321 6,745 9.321 Light. heat. rates and insurance Telephone Sundries Cleaning Repairs and maintenance 7,553 543 580 2.866 1.288 7.553 543 580 2,866 1.288 7,704 741 621 ,602 8,614 7.704 741 621 1,602 8,614 45.332 45.332 52.389 52,389 Grant funding of activities (see note 8) 2.960 2,960 6,845 6,845 Share of support costs (see note 9) Share of governance eosls (see note 9) 4.970 810 5,780 4,079 720 4,799 1.890 1,890 1,8(M) 1,800 52,192 3,770 55,962 58,268 7,565 65,833 Grants payable People In need People in need 2023 2022 Grants to individuals 2,960 6,845 2,960 6.845 11
HEMPNALL TRUST NOTES TO THE FNAN TS NTI FOR THE YEAR ENDE DECEMBER 202 Support eosts Support eosts Governance eosts 2023 Support ¢o$ts Governance costs 2022 Secretary'5 expenses Computer costs 5,656 124 5,656 124 4,649 150 4,649 150 Independent examiner's fee 1.890 1,890 1,800 1,800 5,780 1,890 7,670 4.799 1,800 6,599 Analysed between Charitable aclivilies 5.780 1,890 7,670 4,799 1.800 6,599 10 Trustees During the year, expenses of £505 were reimbursed lo two Irustee in respect of maintenance and suTrlry costs (2022 £15). None of Ihe trustees (or any persons connected with them) received any remuneration or bfflefils from the charity during the year. I l Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Employment costs 2023 2022 Wages and salarie5 16.246 17,041 There were no employees whose annual remuneration was more Ihan £60,000. 12 Net galnsl(losses) on investments Endowment Endowment funds funds general general 2023 2022 Revaluation of investments Gainl(loss) on Sale of investments 15,393 (809) (19.442) (1,639) 14,584 (21,081) 12-
EMPNALL TR NOTES TO FINANCIAL STATEMENT ED R THEY DED I DECEMBER 2 13 Taxation The charity is exempt from tax on income and gains falling within section 505 of Ihe Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 ¢0 Ihe extent that these are applied to its charitable objects. 14 Tanglble flxed assets Freehold land nd bulidlttgs Flxtures Ind flltlngs Tot1 Cost At l January 2023 Additions 251.165 35.944 259 287,109 259 At 31 December 2023 251.165 36,203 287.368 Depreelatlon And Impalrment At l January 2023 Depreciation char8cd in the year 39,304 5.023 22,415 2,374 61.719 7.397 Ai 31 Decembcr 2023 44.327 24,789 69.116 Carrylng Amount Ai 31 Decembcr 2023 206,838 11,414 218,252 Ai 31 December 2022 211,861 13.528 225,389 Invesimenl properties rented in part lo another group entity have been accounted for using the cost model. The ¢arryin8 value of these inveslment properties included within tangible fixed assets is £206,838 (2022 £211.861). In accordance with the FRS 102 transitional rules. the property's cost is deemed to include £230,(MJO thai was its valuation at l January 2015. which derivcs from A fomal valuation undertaken on 24 February 2015 by George Durrant and Sons Ltd, Chartered Surveyors. 15 Flxed asset Investments Ll$ted Investments Cost or valyatlon Ai l January 2023 Valuation changes Di5P05als 157,023 15,393 (5.809) At 31 December 2023 166.607 Carrylng amount Al 31 December 2023 166,607 At 31 December 2022 157,023 13-
HEMPNALL TRUST NOTES TO THE FtNANCIAL TAT NTS CONTINUED R THE YEAR ENT)ED IDE EM ER 16 Financial instruments 2023 2022 Carrylng amount of financlal assets Instruments measured at fair value through profit or loss 166,607 157,023 17 Stocks 2023 2022 Raw materials and consumables 200 200 18 Debtors 2023 2022 Amounts falllng due wlthln one year: Amounts owed by subsidiary undenakings Olher debtors Prepaymenis and accrued income 1,000 446 215 220 220 1.661 19 Credltors: Vdmounts falllng due wlthln one year 2023 2022 Other creditors Accruals and deferred income 379 3.144 379 2,450 3.523 2,829 14-
HEMPN LL TRU NOTES TO THE FINANCIAL STATEMENTS ONTIN ET) FOR THE YEAR ENDED 31 DE EMBER 2 21 AnAly$l$ of D¢t assets behveen funds Unrestrlcted Endowment funds fund$ 2023 2023 Totsl Unrestrlcted Endowment funds fund$ 2022 2022 Totsl 2023 2022 Fund balances at 31 December 2023 are represented by.. Tangible assets Investments Current assets1(liabilities) 218,252 218.252 166,607 6.660 225,389 225.389 157,023 10.027 166,607 157,023 6,660 10,027 224,912 166,607 391,519 235.416 157,023 392.439 22 Related party tran5actlons Transactlons wlth related partles During the year the charity entered into the following transactions with related parties: Donatlons 2023 Room rental 2023 2022 2022 Entities over which the entity has control, joint control or significant influence 1,452 5,964 1,280 500 1.452 5.964 1,280 500 The following amounts were outstanding at the reporting end date: Amounts owed by related pirtles 2023 Balance Amounts owed by related partles 2022 Balance Nel Net Enlilies over which the enlily has control. joint control or significant influence 1.000 1,000 I,(0 1,000 Loans are unsecured. intere5t-free and repayable on demand. 16-
HEMPNALL TRU NOTES T TH STATEMENT NTINUED FOR THE AR BER2 23 Subsidi4rie5 These financial statements are separate charity financial statements for The Hempnall Trust. Details of ihe charitys subsidiaries at 31 December 2023 are as follow5: Name of undertaklng Registered offlce Nature of buslness Class of shares held Dlrect Indlrect The Mill Bar Company LimitedHempnall Mill, Mill Road, Hempnall, NR15 2LP Trading Ordinary £1 loo.00 The subsidiary's company number is 11307290. The subsidiary's results wcrc.. 2023 2022 Turnover enditure Net (loss)Iprofit 19,447 (16,6951 2.752 13.849 (13.601) 248 Net assets 2,861 1,561 17-