2021-04-05-accounts - The Halpern Charitable Foundation

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OBJECTIVESAND ACTIVITIES..			.18
ABOUT THE HALPERN CHARITABLE FOUNOATION ..			..18
VISION..			..18
OUR VALUES..................			..19
STRATEGY..			..19
PLANS FOR2021/22..			.22
VOLUNTEERS ..................			..23
FINANCES AND GOVERNANCE .			.24
STRUCTURE, GOVERNANCE AND MANAGERIIENT			..26
TRUSTEES RESPONSIBILITIES STATEMENT.			..28
REFERENCE AND ADMINISTRATIVE	DETAILS OF THE CHARITY	ITSTRUSTEES AND ADVISORS FOR
THE YEAR ENDED 5APRIL 2020..			.30

INDEPENDENT AUDITORS' REPORT.....
STATEMENT OF FINANCIAL ACTIVITIES.	.35
BALANCE SHEET....	.36
NOTES ToTHE FINANCIAL STATEMENTS...	37

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						environment etc.
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Strategic risks						Established strategy
						Review by Board ofTrustees

				Unrestricted		Total	Total
				funds	Restricted funds	funds	funds
				2021	2021	2021	2020
			Note
Income from;
Donations and legacies				84,085	38,924	123,009	43,724
Chantable activities				88,615		88,615	I6'2 62I
Investments				71,441		71,441	66,402
Total income				244,141	38,924	283,065	272 747
Expenditure onr
Raising funds				6,945		6,945	8,163
Chantable activities				386,088	66,804	452,892	57I,OBO
Total expenditure				393,033	66,804	459,837	579,243
Net expenditure before net gatnsl fiosses) oa
investments				(148,892)	(27,880)	(176,772)	(306,496)
Net gains/(losses) on		investments		139,566		139,566	(143,Ill)
Net movement in funds				(9,326)	(27,880)	(37,206)	(449607)
Reconciliation offunds:
Total funds brought	forward			4,874,886	169,972	5,044,858	5,494,465
Net movement in funds				(9,326)	(27,880)	(37,206)	(449,607)
Total funds carried		forward		4,865,560	142,092	5,007,652	5,044,858

			Note		2021		2020f
Fixed assets
Tangible assets			11		2,454,039		2,428,550
Investments			12		1,287,657		923,612
					3,741,696		3,352,162
Current assets
Debtors			13	221,184		128,000
Investments			14	383,739		107,858
Cash at bank	and in	hand		715,884		1,505,486
				1,320,807		1,741,344
Credrtors: amounts		falling due within one year	15	(54,851)		(48,648)
Net current	assets				1,265,956		1,692,696
Total net assets					5,007,652		5,044,858
Charity funds
Restricted funds			17		142,092		169,972
Unrestricted	funds		17		4,865,560		4,874,886
Total funds					5,007,652		5,044,858

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021I	2021f	2020
Donations			848		848	1,351
Grants			43,672	38,924	82,596	42,373
Coronavirus	Job Retention	Scheme	39,565		39,565
			84,085	38,924	123,009	43,724
Total 2020			1,351	42,373	43,724

		Unrestricted	Total	Total
		funds	funds	7hnds
		2021	2021	2020
Nucleus	Arts Centre	55,695	55,695	110,363
Chatham	HeArt	132	132	4,358
Chathsm	Creative Hub	16,261	16,261	28,402
Halpem	Conservancy	16,527	16,527	19,498
		88,615	88,615	162,621
Total20	20	162621	162,621

		Unrestricted	Total	Total
		fuads	fuads	1'unds
		2021	2021	2020
			8
Property	rental income	36,779	36,779	28,846
Dividend	income	33,849	33,849	36,475
Bank interest		813	813	1,081
		71,441	71,441	66,402
Total20	20	oo;402	66,402

Unrestricted	Total	Total
funds	funds	1hnds
2021	2021	2020f
6,%5	6,945	8,163
8,163	8,163

		Grants to	Total	Total
		Institutions	funds	funds
		2021	2021	2020
		8
Grants				1,825
Total	2020	1,825	I,825

		Activities
		undertaken	Grant funding		Total	Total
		directly	ofactivities	Supportcosts	funds	Ihnds
		2021	2021 8	2021f	2021	2020
Nucleus	Arts Centre	76,221		188,421	264,642	293,791
Chatham	HeArt	3,160		14,527	17,687	17,503
Chatham	Cresttve Huh	33,765		14,412	48,177	114,487
Halpern	Consetvancy	38,925		80,557	119,482	128,456
Synagogue		2,904			2,904	16,843
		154,975		297,917	452,892	571,080
Total 2020		267,309	1,825	301,946	571,080

				Nucleus Arts	Cbatham		Halpern
				Centre	HeArt	Nucleus Hub	Conservancy
				2021	2021	2021	2021
					K
Staffcosts				33,361			10,134
Staffand agency related		costs		2,335
Other direct	costs			4,127	38	(79)	1,520
Advertising	and marketing			4,140
Technology	costs			945
Maintenance	ofpremises		and equipment	1,922	40	703	21,776
Rent and rates				5,400	2,052	24,000	777
Energy				23,448	1,030	5,847	(848)
Insurance				126		1,791
Other premises expenditure						1,502	5,545
Legal andpmfessional		fees
Bank charges and interest				417			21
				76,221	3,160	33,765	38,925
Total 2020				95,702	2,405	113,359	39,000
						Total	Total
					Synagogue	funds	funds
					2021	2021	2020
Staffcosts						43,495	37,311
Staff and agency related		costs				2,335	6,432
Other direct	costs					5,606	25,420
Advertising	and marketing					4,140	1,786
Technology	costs					945	3,810
Maintenance	ofpremises		and equipment		2,904	27,345	79,415
Rent and rates						32,229	39,294
Energy						29,477	28,301
Insurance						1,917	2 575
Other premises expenditure						7,047	8,857
Legal and professional		fees					32,949
Bank charges and mterest						439	1,159
					2,904	154,975	267,309
Total 2020					16,843	267,309

				Nucleus Arts	Chatham		Help era	Total	Total
				Centre	HeArt	Nudeus Hub	Conservancy	funds	thadr
				2021	2021	2021	2021	2021	2020
				8		8
	Staffcosts			107,061	9,314	9,314	46,573	172,262	140,917
	Depreciation			15,429			6,613	22,042	32,586
	Staff and agency
	related costs			4,482	345	345	1,724	6,896	13,842
	Advertising	and
	marketing			7,883	606	606	3,033	12,128	21,230
	Technology	costs		1,037	80	80	399	1,596	1,515
	Maintenance		of
	pleuuses aad
	equipment			14,381	1,106	1,106	5,531	22,124	23,027
	Rent and rates			2,443	188	188	939	3,758	697
	Energy			8,546	657	657	3,287	13,147	5,038
	Insurance			9,357	720	720	3,599	14,396	22,918
	Other premises
	expenditure			2,110	162	162	811	3,245	13,711
	Statutory audit			3,185	245	245	1,225	4,900	4,800
	Accountancy		and
	bookkeeping			8,191	630	630	3,150	12,601	9,108
	Legal fees			79	6	8	29	122	3,451
	Bank charges		and
	interest			644	50	50	247	991	832
	Other support		costs	3,449	418	301	3,397	7,565	8,274
	Governance	costs		144				144
				188,421	14,527	14,412	80,557	297,917	301,946
	Total 2020			196;266	15,097	15,097	75,486	301,946
10.	Staffcosts
								2021	2020
	Wages snd salaries							201,732	168,212
	Social security costs							9,842	7,726
	Contribution		to defined	contribution pension	schemes			4,183	2,290
								215,757	178,228

	Listed
	iavestments
Valuation
At 6Aprrt 2020	923,612
Additions	327,795
Disposals	(106,020)
Revaluations	142,270
At 5 Aprtl 2021	1,287,657
Net book value
At 5 April 2021	1,287,657
Ar 5April 2020	923,672

13.	Debtors
				2021	2020
	Due within oaeyear
	Trade debtors			8,695	9,703
	Other debtors			205,701	101,999
	Prepsyments	and accrual income		6,788	16,298
				221,184	128,000
14.	Current asset iavestments
				2021	2020
				f.
	Unlisted investments		(liquid)	383,739	107,858

				2021	2020
				K
	Trade creditors			21,174	6;865
	Other taxation and social security			5,791	1,875
	Other creditors			736	4,736
	Accruals and deferred mcome			27,150	35,172
				54,851	48,648
				2021	2020
	Deferred income at 6 April 2020			1,700	5,798
	Resources deferred during	the year		775	1,700
	Amounts released from previous periods			(1,700)	(5,798)
				775	1,700
16.	li'inancial instruments
				2021	2020
	Financial assets
	Financial assets measured	at fair value through	income and expenditure	1,099,623	1,6'13,344

Statement	offunds	offunds
Statement	offunds - current year
		Balance at 6			Transfers	Gidns/	Balance at 5
		Aprfi 2020	Income	Expenditure	in/out	(Losses)	April 2021
				5	8		8
Unrestricted funds
Designated	funds
Tangible fixed		asset
fund		2,428,550		(22,042)	47,531		2,454,039
Investmcnt	share
fixed asset		923,612			224,479	139,566	1,287,657
		3,352,162		(22,042)	272,010	139,566	3,741,696
General funds
General Funds		1,522,724	244,141	(370,991)	(272,010)		1,123,864
Total Unrestricted
funds		4,874,886	244,141	(393,033)		139,566	4,865,560
Restricted	funds
Synagogue		60,097		(2,904)			57,193
Mental Health		Es
Socially Isolated
tluougb Art		86,612		(22,112)			64,500
Creative Cabin		4,485		(1,592)			2,893
Energy Efficiency 395							395
Arts Award		7,438	21,775	(18,313)			10,900
Volunteers		3,845		(2,278)			1,567
Social Art		500					500
Lightbox		6,600	2,900	(7,334)			2,166
Community
Engagement			7,500	(7,500)
Young at Ari			2,495	(517)			1,978
Intern			4,254	(4,254)
		169,972	38,924	(66,804)			142,092
Total offuads		5,044,858	283,065	(459,837)		139,566	5,007,652

Statement of	funds - p	rior year
		Balance at					Gains/	Balance at
		1Apri! 2019	Income	Expendtyors	Transfers	tnyout 6	(Losses)	5Apri(2020f
Unrestricted	funds
Designated funds
Tangible fixed asset
fund		2,321,050		(32,58li)	140,086			2 428,550
Investment properly
fixed asset fund		1,550,001			(1,500,000)		(50,001)
Investment share
fixed asset		1,099,998			(83,276)		(93,110)	923,612
		4,97L049		(32,586)	(1,443,190)		(143,111)	3,352,162
General funds
General Funds		350,193	230,374	(501,033)	1,443,190			1,522,724
Total Unrestricted
feeds		5,321,242	230,374	(533,619)			(143,111)	4,874,886
Restricted funds
Synagogue		76,940		(16,843)				o0,097
Mental Health	&
Socially Isolated
thmugh Att		86,612						86,612
Creative Cabin		5,271		(786)				4,485
Red Zebra
Community		1,500		(1,500)
Energy EAiciency		2800		(2,405)				395
Young atArt		100		(100)
Intern			765	(7i55)
Mid Kent			500	(500)
Whitehall Marketing			442	(442)
Arts Award			21,483	(14,045)				7,438
Whitehead
Monckton			725	(725)
Moto In The
Community			500	(500)
Volunteers			10,000	(6,155)				3,845
Artsfest Bluewater			358	(358)
Charlie Joy			500	(500)
Cole Charity			500					500
Lightbox			6,600					6,600

Analysis	ofnet assets between funds —current year
		Unrestricted	Restricted	Totrd
		funds	funds	funds
		2021	2021	2021
		8	6
Tangible	fixed assets	2,454,039		2,454,039
Fixed asset investments		1,287,657		1,287,657
Current	assets	1,178,715	142,092	1,320,807
Creditors	due within one year	(54,851)		(54,851)
Total		4,865,560	142,092	5,007,652
Analysis	ofnet assets between funds - prior year
		Unrestricted		Total
		funds	Resrncred funds	funds
		2020	2020	2020
Tangible	fixed assets	2,428,550		2,428,550
Fixed asset investments		923,612		923,612
Current	assets	1,571,372	169,972	L 74L344
Creditors	due within one year	(48,648)		(48,648)
		4,874,886	169,972	5,044,858

		2021	2020
Not later	than 1 year	29,810	29,400
Later than	1 year and not latsx than 5 years	72,684	77,400
Later than	5 years	48,000	72,000
		150,494	178,800