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|Trustees'Report|1to16|
|---|---|
|ReportoftheAuditorsto the Trustees|17to19|
|StatementofFinancialActivities|20|
|BalanceSheet|21|
|Notes to theAccounts|22to33|
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|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|||
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|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.|
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|
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|
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|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|
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|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|
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|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|||
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|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|
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||
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|
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|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|
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|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|
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|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|
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|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|