## 

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|Trustees'<br>Report|3to12|
|---|---|
|Report ofthe Auditors to the Trustees|13to 16|
|Statement of Financial Activities||
|Balance Sheet||
|Notes to the Accounts|19to 29|





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|Trust Director|Trust Director|Stuart Woltkamp-Moon|
|---|---|---|
|Trust Registered ONce||344-354 Gray's lnn Road, London WC1X 8BP|
|Bankers||Barclays Bank pic, 28 Hampstead<br>High Street, London<br>NW3 1QB|
|||Charities<br>Aid Foundation,<br>25 Kings Hill Ave, West Mailing ME194TA|
|Auditors||Moore Kingston<br>Smith<br>LLP,9Appold Street, London<br>EC2A 2AP|
|Principal Solicitors||Bates, Wells 5. Braithwaite<br>LLP, 2-6 Cannon Street, London EC43 6YH|
|||Manuel Swaden<br>Ltd, 340West End Lane, London NW6 1LN|
|Property Advisers||Cedar Harp, 70/78 West Hendon<br>Broadway,<br>London<br>NW9 7BT|
|Investment|Managers|CCLA, 1Angel Lane, London<br>EC4R 3AB|
|||The Charities<br>Property<br>Fund, 33Margaret Street, London W1G OJD|
|||The Property Income Trust for Charities, 55Wells Street, London W1T3PT|
|||Ruffer LLP, 80Victoria Street, London SW15JL|
|||Troy Asset Management<br>Ltd, 33Davies Street, London W1K4BP|
|||Vanguard<br>Investments<br>UK Ltd, 25 Walbrook,<br>London<br>EC4N 8AF|





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||||Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||Note|Funds|Funds|2022|2021|
|Income and endowments|from:||||||
|Investments|||||||
|Property income||||16,333|16,333|88,960|
|Dividends<br>and interest|on securities|||362,571|362,571|271,025|
|Bank deposit and other|interest||549||549|27|
|Donations||||||26,665|
|Total|||549|378,904|379,453|386,677|
|Expenditure<br>on:|||||||
|Raising funds||||4,963|4,963|4,472|
|Charitable<br>activities|||533,383||533,383|495,841|
|Total|||533,383|4,963|538,346|500,313|
|Gains/(Losses} on investments|||||||
|Realised|||||||
|Unrea lised||||(538,537)|(538,537)|2,919,453|
|Net income/(expenditure)|||(532,834}|(164,596)|f697,430)|2,805,817|
|Transfers between<br>funds|||517,834|{517,834)|||
|Net movement<br>in funds|||{15,000)|{682,430)|(697,430)|2,805,817|
|Reconciliation offunds:|||||||
|Total funds brought forward|||15,000|19,562,474|19,577,474|16,771,657|
|Total funds carried forward||13,14||18,880,044|18,880,044|19,577,474|





## 

|||Note|2022|2022|2021|2021|
|---|---|---|---|---|---|---|
||||f|f|f|f|
|Fixed Assets|||||||
|Tangible assets||||2,000||2,000|
|investments<br>and investment|||||||
|properties||10||18,726,775||19,386,676|
|Total Fixed Assets||||18,728,775||19,388,676|
|Current Assets|||||||
|Debtors|||110,571||73,285||
|Cash at bank and in|hand||151,941||134,213||
|Total Current Assets|||262,512||207,498||
|Creditors: Amounts|falling due||||||
|within one year||12|(111,243)||(28,422)||
|Net Current Assets||||151,269||179,076|
|Long term debtors||||||9,722|
|Total Net Assets||||18,880,044||19,577,474|
|The Funds ofthe Charity|||||||
|Capital Funds|||||||
|Endowments||13||18,880,044||19,562,474|
|(including<br>revaluation|reserves ofE4,904,604)||||||
|(2021:65,443,141)|||||||
|Income Funds|||||||
|Restricted income funds||14||||15,000|
|Total Charity Funds||||18,880,044||19,577,474|





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|entals|fro|m commercial<br>lettings|||
|---|---|---|---|---|
||||2022|2021|
|Rentals|in|advance brought forward|||
|Receivable||in the year|16,333|88,960|
|Rentals|in|advance carried forward|||



|||||||16,333|88,960|
|---|---|---|---|---|---|---|---|
|xpenditure|on raising|funds||||||
|||||Restricted|Endowment.|2022|2021|
|||||||f||
|Building management||and maintenance||||||
|costs and|investment|management|fees||4,963|4,963|4,472|



## 

## 

|xpenditure<br>o|n charitable<br>activities|||||
|---|---|---|---|---|---|
|||Restricted Endowment||2022|2021|
||||E|f|f|
|Grants (note|5)|265,014||265,014|245,956|
|Pensions (note 5)||68,796||68,796|74,880|
|Total grants||333,810||333,810|320,836|
|Grantmaking|support costs (note 6)|124,809||124,809|106,624|
|Governance|costs (note 6)|74,764||74,764|68,381|
|||533,383||533,383|495,841|





## 

|5<br>Grants and Pensio|5<br>Grants and Pensio|ns|ns|ns||||
|---|---|---|---|---|---|---|---|
|Grants and pensions||payable comprise:||||||
||||||2022||2021|
|Grants to Individuals||||Number||Number|E|
|Holidays||||||||
|Education||||||3|300|
|Clothing||||32|10,822|24|5,574|
|Furniture<br>and starter||packs||128|58,780|170|64,354|
|Help with debts||||||1|500|
|Removals and transport|||||500|1|300|
|Gas, electricity 8|fuel|||||4|1,300|
|Christmas||||||200|4,952|
|Medical|||||933|||
|TV 8 Phone||||||2|350|
|Baby Items|||||1,828|5|2,385|
|Covid Emergency<br>Miscellaneous|Grant||||6,029|9<br>35|16,680<br>9,751|
|||||190|78,892|454|106,446|
|Grants to Organisations||||19|186,122|20|139,510|
|Grants returned||||||||
|||||209|265,014|474|245,956|
|Pensions|||||||74,880|
|Grants to Organisations|||fell in the following||ranges:|||
|E1 - E1,000||||2|2,000|4|2,950|
|E1,000 - f25,000|(see below)|||17|184,122|16|136,560|
|||||19|186,122|20|139,510|



|Abbey Community|Centre|1,800|
|---|---|---|
|Age UK Camden||5,000|
|Centre Point||1,000|
|Citizens Advice Camden||83,487|
|Christians<br>Against|Poverty|7,000|
|Community<br>Assoc.|West Hampstead|10,000|
|Doorstep||11,000|
|Family Action||1,500|
|Give Help Share||2,000|
|Kids Out UK||9,378|



|year ended 30'" September|2022||
|---|---|---|
|North London Cares||10,000|
|Reverse The Trend Foundation||2,000|
|SHAK||10,000|
|Simple Therapy<br>CIC||1,960|
|St Marys with<br>All Souls||3,500|
|The Winchester<br>Project||12,997|
|The Russell Nurseries||1,000|
|WAC Arts||5,000|
|West Hampstead<br>Women's|Centre|7,500|





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|Support and||Go|vernance<br>costs|||||
|---|---|---|---|---|---|---|---|
|||||Support|Governance|2022|2021|
|||||Costs|Costs|Total|Total|
|||||||Costs|Costs|
|||||f|f|f|f|
|Office expenses||||54,191|9,563|63,754|37,044|
|Professional||Charges||||||
|Legal fees|||||8,520|8,520|4,770|
|Consultancy||fees|||||1,200|
|Auditors'|remuneration||||13,320|13,320|11,016|
|Accountancy|||fees||30,898|30,898|32,579|
|Staff costs|(see||below)|70,618|12,463|83,081|88,396|
|Total costs||||124,809|74,764|199,573|175,005|
|2021||||106,624|68,381|175,005||



||||2022|2021|
|---|---|---|---|---|
|||||f|
|Wages and <br>Employer's|salaries<br>National|Insurance|73,384<br>2,073|69,035<br>1,599|
|Pension costs|||7,624|17,762|
||||83,081|88,396|



## 



## 

## 

||Forthe year|en|ded 30th Septembe|r 2022||
|---|---|---|---|---|---|
|8|Gains on Investments|||2022<br>f|2021<br>f|
||Gain/(loss)<br>on disposal oflisted investments|||||
||Gain/(loss)<br>on disposal offixed asset property|investment||||
||Total realised gains/(losses)|||||
||Increase<br>in market value offixed asset property||investments||1,401,364|
||Increase/(Decrease}<br>in market value of Property||Trust Funds|325,367|256,308|
||Increase/(Decrease)<br>in market value of listed|investments||(863,904)|1,261,781|
||Total unrealised<br>gains/(losses)|||(538,537)|2,919,453|
|||||(538,537)|2,919,453|
|9|Tangible Fixed Assets||||Property<br>under|
||||||Licence|
||Cost||||f|
||At 1stOctober 2021and 30th September 2022||||2,000|
||Depreciation|||||
||At 1stOctober 2021and 30th September 2022|||||
||Net BookValue|||||
||At 30th September 2022||||2,000|
||At 30th September 2021||||2,000|



## 

## 

||||Property||||
|---|---|---|---|---|---|---|
||||Trust|Listed|2022|2021|
|||Properties|Funds<br>f|investments<br>f|Total|Total|
|Market value brought forward<br>Additions<br>at cost||3,021,364|3,446,265|12,919,047<br>2,000,000|19,386,676<br>2,000,000|15,525,223<br>942,000|
|Disposals|(at proceeds value)|(3,021,364}|||(3,021,364)||
|Realised gain/(lass)<br>on disposals<br>Unrealised<br>gain/(loss} on investments|||325,367|(863,904)|(538,537}|2,919,453|
|Market value carried forward|||3,771,632|14,055,143|17,826,775|19,386,676|
|Cash held|by investment<br>manager||3771632|900,000<br>14,955,143|900,000<br>18,726,775|19,386,676|
|Historical|cost at 30th September||2,866,166|13,077,368|15,943,534|13,001,534|





## 

|Listed|investments|comprise:|comprise:|||
|---|---|---|---|---|---|
|Other|listed investments||-pooled|14,055,143|12,919,047|
|Cash|Instruments|||||
|||||14,055,143|12,919,047|



|||Investment|||
|---|---|---|---|---|
|Brought|Total|management|Applied to|Carried|
|forward<br>E|Return<br>f|costs|income<br>f|forward|
|9,617,857|(159,084)|(4,963)|(533,383)|8,920,427|



## 

|Debtors||||
|---|---|---|---|
|||2022|2021|
||||f|
|Trade debtors||9,?22|15,278|
|Dividends|and interest receivable|97,164|49,434|
|Other debtors||3,685|8,573|
|||110,571|73,285|



|Creditors: Amounts<br>falling due within one ye|ar||
|---|---|---|
||2022|2021|
||f||
|Trade creditors|7,860|10,643|
|Other creditors|926||
|Taxation payable<br>Accruals|1,249<br>101,208|17,779|
||111,243|28,422|





## 

|13Endowment|13Endowment|13Endowment|Funds - 2022|Funds - 2022||Balance||Transfers|Balance|
|---|---|---|---|---|---|---|---|---|---|
|||||||Brought|Investment|Out /|Carried|
|||||||Forward<br>f|gains<br>f|Amalgamations<br>f|Forward<br>f|
|The HWCT|||Fund|||19,562,474|{538,537)|(143,893)|18,880,044|
|Wharrie|Cabmen's|||Shelter Fund||||||
|||||||19,562,474|(538,537)|(143,893)|18,880,044|
|The purposes|||and restrictions||of each fund are set out in the Trustees'|||report.<br>Fund amalgamations<br>are||
|pursuant<br>to||the Charity<br>Commission||||Scheme dated 18'" July 2018 and Trustee resolutions|||under s268 and|
|s275 ofthe|Charities|||Act 2011.||||||
|Endowment||Funds - 2021||||Balance||Transfers|Balance|
|||||||Brought|Investment|Out /|Carried|
|||||||Forward|gains|Amalgamations|Forward|
|||||||f|f|f||
|The HWCT|||Fund|||16,711,769|2,919,453|(68,748)|19,562,474|
|Wharrie|Cabmen's|||Shelter Fund||||||
|||||||16,711„769|2,919,453|{68,748)|19,562,474|



|||||Balance|Incoming||||
|---|---|---|---|---|---|---|---|---|
|||||Brought|Resources|Resources||Balance|
|||||||Expended|and|Carried|
|||||Forward|8 Transfers<br>In|Transfers|out|Forward|
||||||f||||
|The HWCT||Fund||15,000|518,383|{533,383)|||
|Wharrie|Cabmen's||Shelter Fund||||||
|||||15,000|518,383|(533,383)|||
|Restricted||Funds - 2021|||||||
|||||Balance|Incoming||||
|||||Brought|Resources|Resources||Balance|
|||||||Expended|and|Carved|
|||||Forward|S.Transfers<br>In|Transfers|out|Forward|
||||||f||f||
|The HWCT||Fund||59,888|450,953|(495,841)||15,000|
|Wharrie|Cabmen's||Sheiter Fund||||||
|||||59,888|450,953|(495,841)||15,000|





## 

|15|Analysis|of Funds|between Charities -2022|||2022|
|---|---|---|---|---|---|---|
|||||Endowment|Restricted|Total|
|||||Funds|Funds|Funds|
||The HWCT Fund|||18,880,044||18,880,044|
||Wharrie|Cabmen's|Shelter Fund||||
|||||18,880,044||18,880,044|



|Analysis of Funds|between Charities -2021|||2021|
|---|---|---|---|---|
|||Endowment|Restricted|Total|
|||Funds|Funds|Funds|
||||f||
|The HWCT Fund||19,562,474|15,000|19,577,474|
|Wharrie Cabmen's|Shelter Fund||||
|||19,562,474|15,000|19,577,474|



## 

## 

|Endowment|Restricted|Total|
|---|---|---|
|Funds|Funds|Funds|
|f.|||
|2,000||2,000|
|18,726,775||18,726„775|
|151,269||151,269|
|18,880,044||18,880,044|
|Endowment|Restricted|Total|
|Fund|Funds|Funds|
|E|E|f|
|2,000||2,000|
|19,386,676||19,386,676|
|173,798|15,000|188,798|
|19,562,474|15,000|19,577,474|





## 

## 

|17<br>Analysis of N|et Assets between<br>C|harities 2022||||
|---|---|---|---|---|---|
|||Tangible||Net||
|||Fixed||Current|Total|
|||Assets|Investments|Assets|Funds|
|||f||f||
|The HWCT Fund||2,000|18,726,?75|151,269|18,880,044|
|Wharrie Cabmen's|Shelter Fund|||||
|||2,000|18,726,775|151,269|18,880,044|



||||Tangible||Net||
|---|---|---|---|---|---|---|
||||Fixed||Current|Total|
||||Assets|Investments|Assets|Funds|
|The HWCT Fund|||2,000|19,386,676|188,798|19,577,474|
|Wharrie|Cabmen's|Shelter Fund|||||
||||2,000|19,386,676|188,798 -|19,577,474|



## 

||Land and|Buildings|Other equipment|Other equipment|
|---|---|---|---|---|
||2022|2021|2022|2021|
|Not later than one year||14,?50||829|
|Between two to five years||615||864|
|||15,365||1,693|



## 



## 

## 

|2021Statement of|Financial Activities|Financial Activities|Financial Activities||||
|---|---|---|---|---|---|---|
|||||Restricted|Endowment|Total|
|||||Funds|Funds|2021|
|Income and endowments||from:|||||
|Investments|||||||
|Property income<br>Dividends<br>and interest on securities|||||88,960<br>271,025|88,960<br>271,025|
|Bank deposit and|other|interest||27||2?|
|Donations||||26,665||26,665|
|Total||||26,692|359,985|386,677|
|Expendit:ure on:|||||||
|Raising funds<br>Charitable<br>activities||||495,841|4,472|4,472<br>495,841|
|Total||||495,841|4,472|500,313|
|Gains/{losses} on investment|||assets||||
|Realised|||||||
|Unrea lised|||||2,919,453|2,919,453|
|Net (expenditure)|/ income|||{469,149)|3,274,966|2,805,81?|
|Transfers between|funds|||424,261|(424,261)||
|Net: Movement<br>in|Funds|||(44,888)|2,850,705|2 805817|
|Total funds brought|forward|||59,888|16,711,769|16,771,657|
|Total funds carried|forward|||15,000|19,562,474|19,577,474|
|2021Support: and|Governance||costs||||
|||||Support|Governance|Total|
|||||Costs|Costs|Costs|
|||||f|f|f|
|Office expenses||||31,488|5,556|37,044|
|Professional<br>Charges<br>Iegal fees<br>Auditors' fees for audit||work|||4,770<br>11,016|4,770<br>11,016|
|Accountancy<br>fees<br>Consultancy<br>fees<br>Staff costs||||?5,136|32,579<br>1,200<br>13,260|32,579<br>1,200<br>88,396|
|Total costs||||106,624|68,381|175,005|