The Welwyn Hatfield Foyer Charitable Trust
Report and
Financial Statements
For the year ended
31 March 2024
Registered Charity Number 1086217

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INDEX
Page number
Trustees. Annual Report
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7-12

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES. ANNUAL REPORT
The Trustees presenl their annual report and the finanaal statements forthe year ended 31 March 2024.
Reference and administrative infonnation:
Name of the Charity and principal address
The Welwyn Haffield Foyer Charilable Trust is a registered charity no. 1086217.
The principal address of the Charity is:
1 Glory Park Avenue. Wooburn Green. Buckinghamshire, HP10 ODF.
Trustees
Susan Jones
Mark Richardson (Chair)
Independent examiner, solicitors and bankers
Independent examiner.. BDO LLP, 55 Baker Street. London, W1U 7EU
Soliutors: Trowers and Hamlins, Sceptre CourL 40 Tower Hill, London, EC3N 4DX.
Bankers= Barclays Bank PIC
Structure, governance and management:
Constitution
The Charity is a Charitable Trust incorporated on 19 March 2001. The charity is registered with the Charity
Commission under registration no. 1086217.
Organisation
The body of Trustees, which administers the Charity shall consist of three persons. including one Trustee
nominated by Paradigm Homes Charitable Housing Association Limited I"PHCHA") and one nominated by
Welwyn Hatfield District Council. As of September 2022 one of the Trustees resigned, leaving only two
Trustees. The remaining Truslees are actively trying io ￿¢[ult a third Truslee in accordance wilh its goveming
document.
Recruilmenl and appointment of Trustees
The Trustees are appoinled for a tem of four years at a meeting convened and held in accordance with the
charities constitution. Trustees are drawn from a wde range of backgrounds to ensure an appropriate balance
of skills are on the Board.
Public benefit
The Trustees have considered the Charity Commission's general guidance on public benefit and consider that
the Trust provides a public beneffit. The application of funds is limited only by need, age and geographic
location. Details of the charity's objectives and activities are set out below.
Third party indemnity provision for trustees
Qualifying third party indemnity provision was in place for the benefit of all trustees of the Charity.

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES. ANNUAL REPORT (CONTINUED)
Objectives and activities-
The Charity's objects are:
To relieve povety by the provision of accommLNJation and any asscciated amenities for single homeless
persons in necessitous circumslances between the ages of 16 and 25 years in the administrative area of
Welwyn Hatfield and to fijrther help those so ac￿mMOdated who are in need of advice, counselling and
other fomis of aid to find employment, training education and other benefit lo prepare them for a settled
way of life in thecommunity-
To encourage, foster, assist and promote such of the activities of the Welwyn Halfield Foyer as are
charitable and those of any similar organisations established for charitsble purposes as shall be approved
by the Trustees from time to time.
These objecls are achieved through the provision of grants mainly, though not exclusively, to the Welwyn
Hatfield Foyer which is run by Paradigm Homes Charitable Housing Association. The Welwyn Hatfield Foyer
is located on the ground lo sixth floor of Goldings House, Goldings Crescent, Haffield, Hertfordshire. This
accommodation is used for the provision at an affordable rent. of high quality residential accommodation for
young people aged between 16 and 25, in or seeking low paid employment. A wide range of support ServI￿S
for job seeking, training and personal development are provided.
Financial review
In the year under review the Charity has continued to focus its activities on the provision of grants to the
support of the Welwyn Haffield Foyer.
Income for the year totalled £62,75012023'. £61,082). Grants made during the year totalled £45,90012023'.
£51,400) and at the end ofthe year its total funds were £1,025,886 {2023- £1,020,501).
Achievements
The main achievement of the trust has been to assist in providing financial support for all staff and tenants at
The Foyer. This has included working closely with staff to achieve Foyer Federation Accreditation which has
given tenants and stsff access to a large support network across the country, pooling experien￿, learning
programmes and knowledge for best praclices in a Foyer environment. Leaming and development
opportunities have also been given to residents supported by the funding re￿iVed from the Trust, these have
included employment in the aulomolive industry and some moving into higher education and their first
university Student.
Plans for future periods
In 2024-25 the Charity will continue to provide support to The Foyer and to young people in the local area
Reserves policy
The Trustees have reviewed the Charity's rese￿e$ and decided that to support its long-term commitment to
the Welwyn Hatfield Foyer and develop other activities. the Charity should aim lo keep its unrestricted
reserves above £700,000 in the coming year. This will ensure it can meet its objeclives. The Trustees will
continue to monitor expenditure closely to ensure the reserves are maintained at an adequate level to continue
to meel theirobjectives.
The undertaking holds totsl reserves of £1,025,886 {2023= £1.020,5011, made up of restricted funds of
£278,93012023.' £265,635) and £746.956 {2023-. £754.8661 of unrestricted funds. which is deemed sufficient
for the year ahead.
Investment policy
Under the Charitable Trust. the Charity has the power to make any investment which the Trustees see fit. The
Trustees have considered Ihe need to maximise the retum on their investments and minimise risk, as well as
the need to have funds available at short noti￿ for charitable purrK)ses.
As the Trustees work closely with PHCHA and rely on PHCHA for management of Ihe Trust, they have loaned
PHCHA surplus funds to invest on behalf of the Trust with financially secure organisations on short term
depx)sits at variable interest rates to obtain a better rate than if the Trust invested the funds themselves.

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment policy {continued)
There were no gains or losses on investments during Ihe year. Inveslment income during the year was
£51,28512023= £51,133).
Risk management
The Trustees have assessed the principal risks and uncertainties to which the Charity is exposed, in particular
those relating to the operations and finances of the Charity and confirm that they have established systems to
mitigate the significant risks the Charity faces.
Going concern
The trustees have reviewed the circumStan￿S of the charity and consider that it is a going concern and that
they believe that sufficient resources are available to fund the aclivities for the foreseeable future. There are
no material uncertainties about the charity's ability to continue as a going concem. please refer to note 1 of the
accounting poliues.
Trustees. responsibilities in relation to the financial statements
The charity truslees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practi￿).
Charity law requires the Trustees to prepare financial statements for each financial year in accordance wth
United Kingdom Generally Accepted Accounkn'ng Prackn'ce (United Kingdom Accounkn'ng Standards and
applicable lawl.
Under charity law the Trustees must not approve the financial stalemenls unless they are satisfied that they
give a true and fair view of the state of affairs of the charity and of the incoming resources and application of
resources, including the income and expenditure. of the charity for that period. he law applicable to charities
in England and Wales requires the charity trustees to prepare financial ststements for each year which give
a true and fair view of Ihe state of affairs of the charity and of the incoming resources and application of
resources, of the charity for that period.
In preparing the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable charib.es SORP-
make judgements and estimates Ihal are reasonable and prudent-
state whether applicable accounting standards have been followed. subject to any material
departures that must be disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that Ihe charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them lo ensure that the financial
statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions of the Trust deed. They are also ￿spOnsible for safeguarding ihe assets of
the charity and taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Approved by the Trustees and signed on their behalf on 31 January 2025.
Mark Richardson
Trustee

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WELWYN HATFIELD
FOYER CHARITABLE TRUST
I report to the trustees on my examination of the accounts of The Welwyn Hatfield Foyer Charitable Trust I'the charity,)
for the year ended 31 March 2024, which are set out on pages 5 to 12.
This report is made solely to the charity's trustees, as a body, in accordance with Regulation 31 of the Charilies
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees
those matters l am required to slate lo them in an independent examinerfs report and for no other purpose. To the fullest
exlenl permitted by law, I do not accept or assume responsibility to anyone other Ihan the charity's trustees as a body,
for my work, for this report, or for the stalemenl I have made.
Responsibilities and basis for report
As Ihe trustees oflhe charity you are responsible forthe preparation ofthe accounts in accordance with the requirements
of the Charities Act 2011 ("the Acr)
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying
out my examinalion I have followed all the applicable Directions given by the Chartty Commission under section
14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confiTh that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the charity as required by section 130 of the Act., or
the financial ststements do not accord with those records., or
the financial statements do nol comply with the accounting requirements concerning the fomi and
content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than
any requirement that the accounts give a 'true and fair view, which is not a matter considered as part
of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the
Slatemenl of Recommended Practice for accounting and reporting by charities (applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021).
I have no concerns and have CAime across no other matters in connection with the examination to which attention
should be drawn in this report in orderto enable a proper understsnding of the accounts to be reached.
Signed=
DoEuSvJned by..
DA1SAED7SD4S453
Name..
Heather Wheelhouse ACA
BDO LLP
55 Baker Street
London
W1U 7EU
Dale=
03 February 2025

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF FINANCIAL ACTIVITIES
2024
2023
Unrestri¢ted
income funds
Restricted Totsl charity Total charity
income funds
funds
funds
Notes
Income from:
Investments
37.990
13,295
51.285
51,133
9.949
Donations
11.465
11.465
Total
49.455
13,295
62.750
61.082
Expenditureryc
Charitable activities
57,365
57,365
61,349
Total
57.365
57.365
61.349
Net (expendilureyincome & nel
movement in funds
(7,910>
13,295
5,385
12671
Total funds brought fO￿ard
Total funds Carried forward
754.866
265.635
1,020.501
1,020.768
746.956
278.930
1,025.886
1,020.501
The notes on pages 7 to 12 form part of these financial staternents.

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BALANCE SHEET
As restated
2024
2023
Notes
Current assets
Debtors
1,030,686
1.023,381
Creditors
Amounts falling due within one year
{4.800}
{2,880)
Net current assets
1,025,886
1,020,501
Total net assets
1.025.886
1,020,501
The funds of the charity
Reslricled income funds
10
278,930
265,635
Unrestricled income funds
746,956
754,866
Total charity funds
1.025.886
1.020.501
These financial slatemenls were approved by the Trustees on 31 January 2025.
Signed on behalf of the Trustees
Mark Richardson
Trustee
The notes on pages 7 to12 form of these financial statements.

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
GENERAL INFORMATION
The Welwyn Hatfield Foyer Charitable Trust ("the ChariV} is a registered charity regulated by the Charity
Commission, regislered number 1086217. The address of the Charity's registered office is 1 Glory Park
Avenue, Wooburn Green, Bucks. HP10 ODF.
BASIS OF ACCOUNTING
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Slatemenl of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland - (Charities SORP IFRS 10211, the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act
12011)
The financial statements have been prepared in steding, which is the functional currency of the Charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements are prepared under the historical cost convention and in accordance with the
Charities Act 2011 and applicable accounling standards. In preparing the financial stalernents the Charity
follows the recommendations of the Statement of Recommended practi￿ 'Accounting and Reporting by
Charities, (SORPI including FRS 102 issued in January 2019. The financial statements have been prepared to
give a 'lrue and fair, view and have departed from the Charilies (Accounts and Reports) Regulations 2008 only
to the extent required to provide a 'true and fair view,. This departure has involved following Accounting and
Reporting by Charities preparing iheir accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 rather than the Accounting and
Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been
withdrawn.
The Welwyn Hatfield Foyer Charitable Trust meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in
the relevant accounting policy.
Going concern
After reviewing the charity's forecasts and projections. the Trustees have reasonable expectation that the
undertaking will continue in operational existen￿ for the foreseeable future, being a period of at least twelve
months afler the date on which the report and financial ststemenls are signed. As part of the review. the
trustees have evaluated the ability of PHCHA to continue to pay the interest and maintain the fund balances
invested on behalf of the charity- The charity therefore ￿ntinUeS to adopt the going cOn￿M basis in the
financial statements. There are no material uncerlainties about the charity's ability to continue as a going
concern.
Income
Income is recognised in the period to which it relates.
Investment income is treated as unrestricted unless the income has been derived from the investment of
restricted income funds.
Donations are recognised in the statement of financial activities when the charity has been nolified in writing of
both the amount and setUement date. In the event that a donation is subject to condikn'ons that require a level of
performance before the charity is entitled to the funds, the income is deferred and not recognised unlil either
those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and
it is probable that those conditions will be met.
Donated Goods and Services
Donations in kind are for the accounting services provided pro-bono by Paradigm Homes Charitable Housing
Association ("PHCHA"I thal the Charity would otherwise had to purchase on the open market are estimated al
their open market value to the Charity-

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES (CONTINUED)
Expenditure
Expenditure is recognised in the pericml to which it relates.
Charitable expendilure comprises expenditure directly related to the objects of the Charity- Included within this
amounl is an estimate of the servi￿$ provided pro-bono by PHCHA as noted above. There were no costs of
raising funds.
Fund accounting
The Charily holds both unrestricted and restricted income funds. Unrestricted income funds are available for
use in furthering the general objectives of the Charity at the discretion of the Trustees. Restricted income
funds are funds which can only be used for parlicular restricted purposes within the objects of the Charity.
Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Inslrumenls Issues. of FRS 102, in fvll, to all of its financial instrumenls.
Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual
provisions of the instrument, and are offset only when the Charity currently has a legally enforceable right lo
set off the recognised amounts and intends either to setue on a net basis, or to realise the asset and settle the
liability simultaneously.
Creditors payable within one year that do nol constitute a financing transaction are initially measured al the
transaction price and subsequently measured at amortised cost, being the transaction price less any amounts
settled.
Derecognition of financial assets and liabilities
A financial asset is derecognised only when the contractual rights to &8sh flows expire or are settled, or
substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks
and rewards of ownership are retained bul control of the asset has transferred to anolher party that is able to
sell the asset in its entirety to an unrelated third paty- A financial liability (or part thereof) is derecognised
when the obligalion specified in the contract is discharged, Can￿lled or expires.
Significant judgements and estimates
The preparation of financial stalements in compliance with FRS 102 requires management to exercise
judgement in applying the Charity's accounting policies. Estimates and judgments are continually evaluated by
the Trustees based on historical experience and other factors including expectations of future events that are
believed to be reasonable under Ihe circumstances.
There are not considered to be any key areas of judgement in these financial statements.
PRIOR PERIOD ADJUSTMENT (PPA
In the prior year, the independent examination fee was not recognised as an accrual. This cost is paid annually
by Paradigm Housing Group Limited and had been recognised correctly in the SOFA as a donation and an
expense. The balance sheet and the corresponding notes have been restated to reflect the independent
examination fee as an accrual, and the associated donalion receivable of £2.880. The related party
transactions note (note 13} has been updated to include the balance re￿1vable from Paradigm Housing Group
Limited at the year end. The adjustment ensures the financial statements CO￿ectlY present the substance of
the Iransaction.

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
INVESTMENT INCOME
2024
2024
2024
Unrestricted
Restricted
Total
Interest receivable from PHCHA
37,990
13,295
51,285
2023
2023
2023
Unrestricted
Restricted
Total
Interest receivable from PHCHA
38,473
12,660
51,133
DONATIONS
2024
2024
2024
Unrestricted
Restricted
Total
Donation in kind from PHCHA
11,465
11,465
2023
2023
2023
Unrestricted
Restricted
Total
Donation in kind from PHCHA
9.949
9,949
EXPENDITURE ON CHARITABLE ACTIVITIES
2024
2024
2024
Unrestricted
Restricted
Total
Costs directly attributable to charitable activities:
Donations to PHCHA:
Welwyn Haffield Foyer
Support & Govemance costs (see note 6)
45,900
45,900
11,465
11,465
Total Expenditure
57,365
57,365
2023
2023
2023
Unrestricted
Restricted
Total
Costs directly attributable to charitable activities:
Donations to PHCHA:
Welwyn Hatfield Foyer
Herts Young Homeless
45.900
45,900
5.500
5,500
Total
51,400
51,400
Support & Govemance costs (see note 6)
9,949
9,949
Total
61.349
61.349

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
STAFF COSTS AND TRUSTEES. REMUNERATION
No stsff were employed during the current or prior year.
None of the Trustees received remuneration during the current or prior year.
No expenses were reimbursed to Trustees during the current or prior year.
SUPPORT COSTS
2024
2023
Governance costs..
Independent Examiner fee
Insurance
4,800
2,880
2,075
1,929
Accountancy & admin fees (donated service)
Total support costs
4,590
5,140
11.465
9.949
DEBTORS
As restated
2024
2023
Amounls owed by PHCHA
Amounls owed by Related Parties
1,025,886
1,020,501
4,800
2,880
1,030,686
1,023,381
The above balance represents funds invested, via Paradigm Homes Charitable Housing Associalion
I'PCHCA"), in the short temi with various financial institutions at variable interest rates. Average interest of
5.0 % 12023: 5.0% ) was charged on the amounts included within amounts owed by PHCHA during the year.
The loan is repayable on demand.
CREDITORS
As restated
2024
2023
Accruals
4,800
2,880
10

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
10.
RESTRICTED INCOME FUNDS
2024
2023
Training and employment fund:
Opening balance
Income
265,635
13,295
252,975
12,660
Expenditure
Closing balance
278,930
265,635
These are funds which can only be used for particular restricted purposes within the objects ofthe Charity.
The reslriclion was specified by the donor when the fvnds were given.
The training and employment fund is to be used for the followng reslricted purposes:
To provide small grants to local employers lo help them offer modem apprenticeships in areas of skill
shortages to young people in the Welwyn Hatfield area.
To provide general support for local employment and training schemes for young people in the Welwyn
Hatfield area. linked to the Welwyn Haffield Foyer project.
To provide community initiatives in the Welwyn Ha￿le1d area which support activities such as anli-povety,
community development, equality, economic regeneration and improving the environment.
11.
FUNDS
2024
Opening
balance
1 April 2023
Closing
balance
31 March 2024
Income Expenditure
Unrestricled funds
754.866
49.455
(57.365)
746.956
Reslricled funds
265.635
13.295
278.930
Total Funds
1.020.501
62.750
(57.365)
1.025.886
2023
Opening
balance
Closing
balance
Income Expenditure
1 April 2022
31 March 2023
Unrestricted funds
767,793
48.422
(61.349)
754,866
Reslricled funds
252.975
12.660
265.635
Total Funds
1.020.768
61.082
(61.349)
1.020.501

WELWYN HATFIELD FOYER CHARITABLE TRUST
REGISTERED CHARITY NUMBER 1086217
REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Unrestricted
Restricted
Total
Net current assets
746.956
278,930
1,025,886
2023
Unrestricted
Restricted
Totsl
Net current assets
754,866
265.635
1,020,501
13.
RELATED PARTY TRANSACTIONS
The Charity and Paradigm Homes Charitable Housing Association (PHCHA) are related parties due to Mark
Richardson being a Trustee and also a member of key management personnel of PHCHA. Paradigm Homes
Charitable Housing Association IPHCHA) is a subsidiary of Paradigm Housing Group Limited (PHGLI.
Any surplus funds held by the Charity are invested, via PHCHA, in short-tem investments with income
generated from the investments returned to the Charity by PHCHA. Interest received in the year was £51,283
12023.. £51,133).
PHCHA nominates one of the trustees of the Charity.
Transactions between the entities during the year were asfollows..
The Charity provides support to the Welwyn Hatfield Foyer through the provision of grants to
PHCHA. In the year the grants tolalled £45,900 {2023.' £49,500).
PHGL has paid for Truslee Indemnity Insuran￿ on behalf of The Welwyn Hatfield Foyer Charitable
Trust. The approximate annual value of this is £2,075 {2023.' £1,9291-
The independent examination fee for the charity is paid on an annual basis by PHGL. This is
recognised as a donation in the year. At the year end the amount of £4,800 in respect of the
independent examination fee is recognised as a debtor {2023= £2,880).
PHGL has provided, free of charge, accountancy and administrative seNices, to The Welwyn Hatfield
Foyer Charitable Trust. The approximate annual value of this is £4,590 (2023.. £5.140) and it has
been recognised as a donation in kind and reciprocal expense.
12