| Trustees'Report | 1to16 |
|---|---|
| ReportoftheAuditorsto the Trustees | 17to19 |
| StatementofFinancialActivities | 20 |
| BalanceSheet | 21 |
| Notes to theAccounts | 22to33 |
| Thisyear's grantmaking | Thisyear's grantmaking | |
|---|---|---|
| Budgetedf639,828 | ||
| Spent | f64O,759, made upof | |
| 15 largergrantstoorganisations, | f23L,200 | |
| 1Lgrantsfrom theCostofLivingFund | fL89,875 | |
| 10grantsbelowf2,500 tolocalgroups | f20,480 | |
| 259 grantstoindividualsandfamilies | f136,960 | |
| 72regularawardstopensioners | î.62,244 | |
| Details of grantsaregiven onthe followingpages |
| e rightplaceattherigh | ttime.Sm | allgrantsthisyearwere: |
|---|---|---|
| AgeUKCamden | €2,000 | ForGardening Club runningcostsat HendersonCourtday carecentrein |
| Hampstead.Thistwiceaweekprojectgivesits memberstime outside, | ||
| withgardening projectsadaptedtotheirspecificneeds andabilities. | ||
| AgeUKCamden | Ê2,500 | Running costsfor theGoodNeighboursScheme, abefriending projectto |
| supportolderCamdenresidentswho arepredominantlyhouseboundor | ||
| isolated and havepoorphysicalandmentalhealth. | ||
| Aspern andRussell | f2,000 | TheButterflySanctuaryProjectgiving peoplefacingmedical,emotional, |
| Nursery,BelsizePark | or social hardshipanopportunity togetsupport frompeople who | |
| understand,andtosocialise. Granttowardsrunningcosts. | ||
| CitizensAdvice | f2,500 | D¡rectsupporttoindividualsthroughsupermarketvouchers/cashto |
| Camden | índividuals in desperatecircumstances. | |
| FamilyAction | f1,500 | Friendshipworkproject:expensesformentorstotakeserviceusers on |
| outings and activities. | ||
| GiveHelpShare | î1,975 | Thisgroup focuses on disadvantagedchildrenandfamilies experiencing |
| foodinsecurity and related healthissues.Thegrantfundedfresh, | ||
| healthyfoodparcelsfor threemonthsfor30familieswithchildrenat | ||
| Kilburn'sKingsgate Primary School. | ||
| London Schoolof | f2,000 | ClayandCuppaproject,aweeklyceramicsworkshops,withplentyof |
| Mosaic | technicalsupport,inspirational mater¡al and creative freedomtomake | |
| whateverpeoplewouldliketomake.Providingcarerswithrespite | ||
| activit¡relaxation, stimulation,artistic satisfactionandgood company. | ||
| Plustea,coffee,biscuitsandfruit. | ||
| NorthCamden | €250 | Gardeningtools,plantsandpotsforpeoplewithsevereandenduring |
| Rehabilitationand | mental healthissueswhoaresupportedbythe communitymental | |
| RecoveryTeam | healthteam atDalehamGardens. | |
| RoyalFreeHospital: | f255 | ThreeKindlesforpatients'useinthegeriatricward. |
| Adultsoc¡alcare | ||
| RoyalFreeHospital: | f2,500 | Chairsandfurniture forlocalpeopleadmittedwithacute health |
| frailty pathway | problems andwithfrailtyanddementia and/orthosewithor atriskof | |
| deliriumandother frailty-relatedsyndromeswhileinthehospital. | ||
| StMarywithAllSouls | f2,000 | Atoyappeal aimed at offering high-qualityChristmasgiftstoat least |
| Church,Kilburn | 100childrenfromlow-income families inthelocal community. | |
| SendCoffeeCIC | f2,000 | Addingamoduleto theirtrainingcoursetogiveextra employableskills |
| totheirlearners, aimedatyoungadults(16-25)witha Special | ||
| EducationalNeedsorDisabilities. |
Fortheyea |
rend | ed 30thS |
eptember2 |
023 |
|
|---|---|---|---|---|---|
| Restricted | Endowment | Total | Total | ||
| Note | Funds | Funds | 2023 | 2022 | |
| Ê | € | I | r. | ||
| lncomeandendowmentsfrom: | |||||
| lnvestments | |||||
| Propertyincome | 2 | 16,333 | |||
| Dividendsand interest onsecurities | 485,965 | 485,965 | 362,571 | ||
| Bank depositandother interest | 1,488 | 1,488 | 549 | ||
| Total | 1,489 | 485,965 |
487,453 | 379,453 | |
| Expenditureon: | |||||
| Raisingfunds | 3 | 1,980 | 1,980 | 4,963 | |
| Charitableactivities | 4 | 805,216 | 805,216 | 533,383 | |
| Total | 805,216 | 1,980 | 807196 | 538,346 | |
| (Losses)/Gains on investments Unrealised |
I | (675,308) | (675,308)(538,537) | ||
| Net(expenditure) / income | (803,728) | (1e1,323) | (ee5,051)(6e7,430) | ||
| Transfersbetweenfunds | 13,14803,728 | (803,728) | |||
| Netmovementinfunds | (995,051) | (995,051)(6e7,430) | |||
| Reconciliationoffunds: | |||||
| Total fundsbroughtfonruard | 18,880,04418,880,044 | 19,577 .474 | |||
| Totalfundscarriedforuvard | 17,884,99317,884,993 | 18,880,044 |
| Note | 2023 |
2023 | 2022 | 2022 | |
|---|---|---|---|---|---|
| â | Ê | Ê | â | ||
| Fixed Assets | |||||
| Tangibleassets | I | 2,000 | 2,000 | ||
| lnvestments and investmentproperties10 | 17,851,467 | 18,726,775 | |||
| TotalFixedAssets | 17,853,467 | 18,728,775 | |||
| Current Assets | |||||
| Debtors | 11 | 135,876 | 110,571 | ||
| Cash at bank andinhand | 112,422 | 151,941 | |||
| Total CurrentAssets | 248,298 | 262,512 | |||
| Creditors:Amountsfallingdue withinone year |
12 | (216,772) | (111,2431 | ||
| NetCurrentAssets | 31,526 | 151,269 | |||
| Long termdebtors | |||||
| Total NetAssets | 17,884,993 | 18,880,044 | |||
| The Funds ofthe Charity | |||||
| Gapital Funds Endowments |
13 | 17,884,993 | 18,880,044 | ||
| (includingrevaIuation reservesof | t4,229,297) | ||||
| (2022:84,9A4,6A4) | |||||
| lncome Funds | |||||
| Restricted incomefunds | 14 | ||||
| Total Charity Funds | 17,884,993 | 18,880,044 |
| RentalsfromCommercialLettings | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Ê | â | ||
| Receivableintheyear | 16,333 | ||
| 16,333 | |||
| Expenditure onraising funds | |||
| Restrlcted Endowment ââ |
2023 â |
2022 € |
|
| Buildingmanagement and maintenance | |||
| costs and investment management fees | 1,980 | 1,980 | 4,963 |
| Expenditure oncharitable activities | ||||
|---|---|---|---|---|
| Grants(note 5) | RestrictedEndowmenl2023 €€Ê 578,515 - 579,515 |
2022 Ê 265,014 |
||
| Pensions(note 5) | 62,244 | 68,796 | ||
| Totalgrants | 640,759 | 640,759 | 333,810 | |
| Grant making support costs (note6) | 88,959 | 88,959 | 124,809 | |
| Governance costs (note6) | 75,499 | 75,498 | 74,764 | |
| 805,2't6 | 805,216 | 533,383 |
| Grants andpensionspayable | comprises: | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Grantstolndividuals | Number | Ê | Number | Ê |
| Clothing | 19 | 7,192 | 32 | 10,822 |
| Furniture and starterpacks | l83 | 97,884 | 128 | 58,780 |
| Summer vouchers | 17 | 16,830 | ||
| Removals and transport | 1 | 500 | ||
| Christmas | 5 | 4,003 | ||
| Medical | 4 | 1,299 | 2 | 933 |
| Baby ltems | 2 | '1,250 | 6 | 1,828 |
| Miscellaneous | 18 | 8.502 | 21 | 6,029 |
| 248 | 136,960 | 190 | 78,892 | |
| GrantstoOrganisations | 36 | 441,555 | 19 | 186,122 |
| Grants returned | ||||
| 284 | 578,515 | 209 | 265,014 | |
| Pensions | 72 | 62,244 | 76 | 68,796 |
| GrantstoOrganisationsfellin thefollowingranges: Ê1-€2,500 10 20,480 Ê2,500 - Ê60,000 (seebelow) 26 421,075 |
2 '17 |
2,000 184,',122 |
||
| 36 | 441,555 | 19 | 186,122 |
September2023: |
|||
|---|---|---|---|
| Ê | € | ||
| Abbey Gommunity Centre cost | |||
| Gingerbread | 5,000 | oflivinggrant | 8,825 |
| Camden Carers Servicecostof | |||
| UmojaHealthForum | 7,79r | livinggrant | 15,000 |
| ChristiansAgainst Poverty- | Homeless Project costof living | ||
| Camden Debt Centre | 7,950 | grant | 15,000 |
| Kids | 9,920 | Community AssociationWest | 5,290 |
| CommunityAssociationot | Doorstep Reg Charity costof | ||
| WestHampstead | 10,000 | livinggrant | 6,750 |
| Henna AsianWomen's Group | 10,000 | CACcost oflivinggrant | 57,362 |
| Home StartCamden | 10,000 | Centre costoflivinggrant | 15,000 |
| Sapphire lndependentHousing | |||
| London SchoolofMosaic | 10,000 | cost of livinggrant | 4,500 |
| TheSouth Hampsteadand | Sidings CommunityCentre | ||
| KilburnCommunity | 15,000 | cost of living grant | 32,145 |
| WestHampstead Women's Centre | L5,000 | ST Mungos cost oflivinggrant | 15,000 |
| TheWinchester Projectcostof | |||
| AgeUKCamden | 15,000 | livinggrant | 15,003 |
| TheWinchesterProject | L7,075 | ||
| DoorstepHomeless FamiliesProject | 20,000 | ||
| cAc | 2r,262 | 421,O75 | |
| CamdenCAB | 57,362 |
| SupportandGovernancecosts | ||||
|---|---|---|---|---|
| Support | Governance | 2023 | 2022 | |
| Gosts | Gosts | Total | Total | |
| I | € | Gosts Ê |
Costs Ê |
|
| Officeexpenses | 20,340 | 3,588 | 23,928 | 63,754 |
| ProfessionalCharges | ||||
| Legalfees Consultancyfees |
12,620 il7 |
12,620 547 |
8,520 | |
| Auditfees forworkonaudit | 17,199 | 17,199 | 13,320 | |
| Accountancy fees | 28,460 | 28,460 | 30,898 | |
| Recruitment fees | 975 | 975 | ||
| Staff costs(see below) | 68,619 | 12,109 | 80,728 | 83,081 |
| Totalcosts | 88,959 | 75,498 | 164,457 | 199,573 |
| 2022 | 124,809 | 74,764 | 199,573 | |
| 2023 | 2022 | |||
| Ê | â | |||
| Wagesandsalaries | 69,228 | 73,384 | ||
| Employer's National lnsurance | 3,534 | 2,073 | ||
| Pensioncosts | 7,966 | 7,624 | ||
| 80,728 | 83,081 |
Fortheyearended30thSeptemb |
er2023 |
||
|---|---|---|---|
| I | Gainsonlnvestments | 2023 | 2022 |
| t | € | ||
| lncrease/(Decrease) inmarketvalueofProperty TrustFunds | (664,464) | 325,367 | |
| lncrease/ (Decrease) inmarketvalueoflisted investments | (10,844) | (863,904) | |
| (675,308)(s38,537) | |||
| 9 | TangibleFixedAssets | Property | |
| under | |||
| Licence | |||
| Gost | Ê | ||
| At1stOctober 2022and30th September2023 | 2,000 | ||
| Depreciation | |||
| At1stOctober 2022and30th Septembe¡2023 | |||
| Net Book Value | |||
| At30th September 2023 | 2,000 | ||
| At30th September 2022 | 2,000 |
attributed any value to this propertyinthe account |
s. | ||||
|---|---|---|---|---|---|
| 10 | lnvestmentsand investmentproperties | Property | |||
| Trust | Listed | 2023 | 2022 | ||
| Funds Ê |
lnvestments Ê |
Total Ê |
Total I |
||
| Marketvaluebrought forward | 3.771,632 | 14,055,143 | 17,826,775 | 19,386,676 | |
| Additions at cost | 2,000,000 | ||||
| Disposals (at proceeds value) | (3,021,364) | ||||
| Realised gain/(loss) on disposals Unrealised gain/(loss) on investments |
(664,465) | (10,843) | (675,308)(538,537) | ||
| Market value carriedfonrard | 3j07,167 | 14,044,300 | 17,151,467 | 17,826,775 | |
| Cash held by investment manager | 700,000 | 700,000 | 900,000 | ||
| Total valueofinvestments | 3,107,16714,7M,30O | _17,851,467__18,7 26I75 | |||
| Historical costat30th September | 2,866,16613,077,368 | 15,943,53415,943,534 |
| For the yearend | ed30thSeptember2023 | ||
|---|---|---|---|
| l0 | Investments (Continued) | ||
| 2023 | 2022 | ||
| Listed investments comprise: | € | Ê | |
| Other listed investments | 17,15"t,467 | 17,826,775 | |
| Cashlnstruments | 700,000 17,851,467 |
900,000 18,726,775 |
| Trustfor | Unapplied | Total | |
|---|---|---|---|
| ¡nvestment | TotalReturn | endowment | |
| f | f | f | |
| Atbeginningolthereportingperiod: | |||
| Gift component of the permanent endowment | 9,959,617 | 9,959,617 | |
| Accumulated inflationary uplift | 2.820,965 | 2,820,965 | |
| Unapplied total return Total |
6,099,462 12,780,5826,099,46218,880,044 6,099,462 |
||
| Movementsinthe reporting period: | |||
| Allocationforinvestment | 856,299 | (856,2ee) | |
| lRvestment return: dividends and interest | 487,453 | 487,453 | |
| lnvestment return: gains and losses | (675,308) | (675,308) | |
| Less; lnvestment management costs Total |
(1,e80) (1,e80) 856,299(1,046,134)(189,835) |
||
| Unappliedtotalreturnallocotedto | |||
| income/(expenditure)in thereporting period: Netmovementsinreportingperîod |
(805,216) (805,216) 856,299(1,851,350)(995,051) |
||
| At,endolthereportíng perÍod | |||
| Gift component of the permanent endowment | 9,959,617 | 9,959,617 | |
| Accumulated inflationary uplift | 3,677,264 | 3,677,264 | |
| Unapplied totalreturn | 4,248,112 | 4,248,112 | |
| Total | 13,636,881 | 4,248,11217,884,993 |
| Debtors | ||
|---|---|---|
| 2023 t |
2022 â |
|
| Trade debtors | 9,722 | |
| Dividends and interest receivable | 132,583 | 97,164 |
| Other debtors | 3,293 | 3,685 |
| 135,876 | 110,571 |
| 12 | Greditors:Amounts fallingdue | withinoneyea | r | ||
|---|---|---|---|---|---|
| 2O,,g | 2022 | ||||
| € | |||||
| Trade Creditors | 2,304 | 7,860 | |||
| Other creditors | 926 | ||||
| Taxation payable | 1,674 | 1,249 | |||
| Accruals | 212,794 | 101,209 | |||
| 2'16,772 | 111,243 | ||||
| f3 | EndowmentFunds -2023 | Balance Brought |
Transfers lnvestmentOut/ |
Balance Garried |
|
| TheHWCTFund | Fonrard t 18,880,044 |
gains (losses) It |
Amalgamations (319.743) |
Fon¡vard t 17 993 |
|
| 18 | _rczggggl | ß1 9,7431 |
17,884,993 |
| s268 and s275of the CharitiesAc | t2011. | |||
|---|---|---|---|---|
| EndowmentFunds -2022 | Balance | Transfers | Balance | |
| Brought | lnvestment | Out/ | Garried | |
| Forward | gains | Amalgamations | Fonrard | |
| f, | Ê | Ê | Ê | |
| TheHWCTFund | 19,562,474 | fi43,893) | 18,880,044 | |
| 1 | (538,537) | n43,893) | 18 044 |
heldon trust tobe appliedfo |
r special purposes: |
|||
|---|---|---|---|---|
| Balance | Balance | |||
| Brought | lncome | Carried | ||
| Fonrard I |
&Transfers ln t |
Expenditure Ê |
Forward Ê |
|
| TheHWCTFund | 805,216 | (805,216) | ||
| 805,216 | 16) |
| Balance | Balance | |||
|---|---|---|---|---|
| Brought | lncome | Garried | ||
| Forward | &Transfers ln | Expenditure | Forward | |
| Ê | Ê | Ê | € | |
| TheHWCTFund | '15,000 | 519,393 | (533,383) | |
| Wharrie Cabmen's ShelterFund | ||||
| 15,000 | 518,383 | (s33,383) |
| haveoccurredin the yearwhichgothrough the rest funds to cover theexpenses. Analsis ofFd b |
rictedfundwhen the | re isnotenoug | hrestricted |
|---|---|---|---|
| yuns etweenGharities -2023 | 2023 | ||
| Endowment | Restricted | Total | |
| TheHWCTFund | Funds t 17 |
Funds â |
Funds Ê 17,894,993 |
| 17.884,993 | 17 993 |
||
| AnalysisofFundsbetweenCharities-2022 | 2022 | ||
| Endowment | Restricted | Total | |
| Funds | Funds | Funds | |
| TheHWCTFund | € 18.880,044 |
â | Ê 18.880,044 |
| 18 044 |
18.880,044 |
| Endowment | Restricted | Total |
|---|---|---|
| Fund Ê |
Funds t |
Funds Ê |
| 2,000 | 2,000 | |
| 17,851,467 | 17,851,467 | |
| 31,526 | 31,526 | |
| '17 | 17.884,993 |
| 2022 | |||
|---|---|---|---|
| Endowment | Restricted | Total | |
| Fund | Funds | Funds | |
| t | € | Ê | |
| Tangible fixed assets | 2,000 | 2,000 | |
| lnvestments | 18,726,775 | 18,726,775 | |
| Netcurrent assets | 151,269 | 151,269 | |
| 18,880,044 | 18,880,044 |
| 2022StatementofFinancialActivities | |||
|---|---|---|---|
| Restricted | Endowment | Total | |
| Funds | Funds | 2022 | |
| t | â | â | |
| lncome and endowments from: | |||
| lnvestments | |||
| Property income | 16,333 | 16,333 | |
| Dividends andinterest on securities | 362,571 | 362,571 | |
| Bank deposit andother interest | 549 | 549 | |
| Total | il9 | 378,904 | 379,453 |
| Expenditure on: | |||
| Raisingfunds | 4,963 | 4,963 | |
| Charitable activities | 533,383 | 533,383 | |
| Total | |||
| Gains/(losses)oninvestment assets | 533,383 | 4,963 | 538,346 |
| Realised | |||
| Unrealised | |||
| Net(expenditure) / income | 538,537) | (538,537) | |
| Transfersbetweenfunds | (532,834) | (164,596) | (697,430) |
| 517,834 | (517,834) | ||
| NetMovement in Funds | |||
| (15,000) | (682,430) | (6e7,430) | |
| Totalfundsbrought forward | 15,000 | 19,562,474 | 19,577,474 |
| Totalfundscarriedforuvard | 18,880,044 | 18,880,044 | |
| 2022Supportand Governancecosts | |||
| Support | Governance | Total | |
| Gosts | Costs | Costs | |
| Ê | â | Ê | |
| Office expenses | 54,191 | 9,s63 | 63,754 |
| Professional Charges | |||
| Legalfees | 8,520 | 8,520 | |
| Accountancy fees | 13,320 | 13,320 | |
| Auditfees for workonaudit | 30,898 | 30,898 | |
| Staff costs Totalcosts |
70,618 124,809 |
12,463 7L7A^ |
83,081 199,573 |
| 2023 | 2022 | |
|---|---|---|
| Ê | â | |
| Operating expenses | ||
| OfficeExpenses | ||
| Office rent and maintenancecharge | 1,208 | 19,066 |
| Rates, electricity, waterrates andcleaning | 2,000 | |
| Telephone | 32 | 2,505 |
| Printingand stationery | 318 | 2,092 |
| Postage | 138 | 82 |
| lnsurance | 2,183 | 2,954 |
| Computer expensesandoffice equipment | 5,115 | 5,078 |
| Subscriptions | 4,777 | 3,839 |
| Bankcharges | 320 | 465 |
| Office closure costs | 5,144 | 20,420 |
| Sundry expenses | 4,693 | 5,263 |
| 23,928 | 63,754 | |
| Less: 85% allocatedtograntmakingsupport costs | QO,340) | 191) |
| 3,588 | 9,563 | |
| ProfessionalCharges | ||
| Legalfees | 12,620 | 8,520 |
| Auditors'feesforauditwork | 17,199 | 13,320 |
| Accountancy fees | 28,460 | 3O,B98 |
| Consultancy fees | 547 | |
| Recruitment fees | 975 | |
| 59,801 | 52,738 | |
| Salaries | 69,228 | 73,384 |
| Employers National lnsurance | 3,534 | 2,073 |
| Pensioncosts | 7,966 | 7,624 |
| 80,728 | 83,091 | |
| Less: 85% allocatedtogrant making support costs | 19) | (70,618) |
| 12,109 | 12,463 | |
| Governancecosts | 75,498 | 74,764 |
| Grant MakingSupportCosts | ||
| 85o/oallocated from officeexpenses | 20,340 | 54,191 |
| 85%allocated from salariescosts | 68,619 | 70,618 |
| 88,959 | 124,809 |