2021-12-31-accounts - George Fentham Hampton In Arden Charity

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REGISTERED COMPANY NUMBER: 04794066 (England and Wales)

REGISTERED CHARITY NUMBER: 1098618

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham B15 3BH

GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Purposes and aims

The George Fentham Hampton in Arden Charity's objects are to administer almshouses, other properties and assets owned by the charity to generate an income and to apply the income for the benefit of the residents of the almshouses and in charitable purposes for the general benefit of the inhabitants of Hampton in Arden.

Its principal activities include the following.

The provision of almshouses to provide accommodation for residents living in the area of Hampton in Arden.
The provision of a village hall for use by the inhabitants residing in the area of Hampton in Arden.
3, Making grants available to pensioners and residents in need living in the area of Hampton in Arden.
Making grants available for charitable educational purposes in the area of Hampton in Arden.
Making grants available to organisations or inhabitants residing in the area of Hampton in Arden.
To upkeep, repair, maintain and rebuild any of the charity's properties or any other recreational institution being charitable for the general benefit of the residents of the area of Hampton in Arden.

Ensuring our work delivers our aims

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people the charity is set up to help. The review also helps ensure that our aims, objectives and activities remained focused on our stated purposes.

The focus of our work

The focus of the charity's work continues to be the to administration of almshouses, other properties and assets owned by the charity to generate an income and to apply the income for the benefit of the residents of the almshouses and in charitable purposes for the general benefit of the inhabitants of Hampton in Arden.

Grantmaking The charity reviews grant applications from various organisations and individuals who support and deliver the charity's objects.

Potential recipients of grants paid by the charity are reviewed by a sub-committee of the charity on a case by case basis depending upon the available resources of the charity.

The sub-committee then makes a recommendation to the Board of Trustees who make the final decision as to whether a grant recommendation is approved or rejected.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

How our activities deliver public benefit

In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit, including the guidance on public benefit and fee charging.

Our main activities and who we try to help are described below.

All of our charitable activities focus on our ability to improve the conditions of life for the residents of Hampton in Arden.

o Almshouses

The almshouses have been continuously occupied throughout the year with only short breaks whilst premises were redecorated before being relicensed.

o Day Club

Despite the impact of the Covid-19 virus continuing into 2021 the Day Club has continued to be active throughout the year when possible with lunches, outings and functions continuing to be arranged for the occupants of the almshouses and other residents of Hampton in Arden.

o Grants to pensioners

During the year ended 31 December 2021 24 pensioners (2020: 32) benefited from grants totalling £21,903 (2020: £18,816).

oO Grants to organisations and inhabitants

During the year ended 31 December 2021 a total of 3 grants (2020: 5) totalling £2,827 (2020: £5,868) were made by the charity.

o Healthcare

During the year ended 31 December 2021 we paid respite care for residents and paid for 47 inhabitants to have emergency pendants totalling £2,858 (2020: £3,619).

o Scholarship Scheme

The Scholarship Scheme has continued during the year ended 31 December 2021 and 22 candidates (2020: 27) have received grants totalling £12,500 (2020: £13,250) to assist with their higher education expenses.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities for the year ended 31 December 2021 shows incoming resources for the year totalling £330,516 (2020: £408,304) and resources expended totalling £296,629 (2020: £310,960).

Net incoming resources after realised and unrealised gains and losses on freehold and investment properties and fixed asset investments for the year ended 31 December 2021 amounted to £352,719 (2020: £269,446).

As a result, the charity's total funds have increased from £8,653,740 as at 31 December 2020 to £9,006,459 as at 31 December 2021.

The trustees consider the current level of funding is adequate to support the continuation of the charity's existing activities.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

FINANCIAL REVIEW

Investment policy and objectives

The charity maintains an investment portfolio along with various residential and investment properties in order to provide funds so that the charity may achieve its objectives.

The trustees, in conjunction with its independent investment manager, have made changes to the charity's investment portfolio during the year ended 31 December 2021 as summarised in note 15 to the financial statements.

Reserves policy

The policy for reserves is determined by the long term material need for the maintenance of the charity's almshouses, together with an operating contingency to cover any unexpected shortfall in the charity's income.

The trustees have established a general reserves policy to ensure that the charity can meet the programme for beneficiaries and manage the impact of any unplanned fluctuations in the value of the charity's net income. General reserves provide some protection to the charity and its charitable programme.

At 31 December 2021 the level of free reserves was sufficient to enable the charity to meet its objectives.

FUTURE PLANS

During the coming year the charity will continue to carry out its principal activities to benefit the residents of the charity's almshouses and for the general benefit of the inhabitants of Hampton in Arden.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The George Fentham Hampton in Arden Charity is a company limited by guarantee (registered number 047940660) which was incorporated on 10 June 2003 and achieved charitable status on 17 July 2003 (registered number 1098618}.

The charity was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association. In the event of the charity being wound up members are required to contribute an amount not exceeding £10.

Establishment of the charity

The charity was originally established by the Will and Testament of George Fentham in 1696, subsequently constituted by a scheme of the Charity Commissioners on 23 December 1907 and further subject to a scheme of the Charity Commissioners dated 26 September 1980 varied by a scheme made on 20 January 1992 (as modified by the order of the Commissioners). On 19 May 2004 the charity changed its name from George Fentham Hampton in Arden Charity to George Fentham Hampton in Arden Endowed Charity at which time a new charitable company was incorporated and assumed the name of George Fentham Hampton in Arden Charity. The charitable company took over the expendable property of the previous charity except for all land defined as permanent endowment which is vested in the new company as trustee to be held in trust on the terms of[the][original][trust.]

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The following bodies have the right to nominate the following number of trustees.

e) Two trustees shall be nominated by the Borough Council of Solihull.

fe) One trustee shall be appointed by the Justices of the Solihull Petty Division.

(e) Three trustees shall be appointed by the Parish Council of Hampton in Arden.

The trustees also have the right to co-opt up to four additional trustees by resolution passed at an extraordinary general meeting of the charity.

The maximum length of term of office for trustees nominated by the Borough Council of Solihull and for trustees appointed by the Justices of the Solihull Petty Division and the Parish Council of Hampton in Arden is 4 years.

The maximum length of term of office for co-opted trustees is 5 years.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements.

Organisational structure

The George Fentham Hampton in Arden Charity is organised so that its Board of Trustees meet regularly to manage the charity's affairs and formulate policy and the trustees are responsible for all policy and financial decision making on behalf of the charity.

In order to do this, a sub-committee of the trustees meets four times per year and receives independent investment advice from the charity's independent investment manager. This sub-committee reports back to the Board of Trustees.

Induction and training of new trustees

Newly appointed trustees are inducted and trained by the existing trustees and are provided with various documentation in order to help them understand the workings of the charity.

Related parties

The George Fentham Hampton in Arden Charity is connected with an unincorporated charity called the George Fentham Hampton in Arden Endowed Charity (registered number 226492). Under a Charity Commission uniting direction these financial statements incorporate the transactions of both charities. Both charities are administered by the same set of trustees.

The George Fentham Hampton in Arden Charity is also connected with the Educational Foundation of George Fentham (registered number 528816) with both charities being administered by the same set of trustees.

In the current year, details of transactions between the George Fentham Hampton in Arden Charity and the Educational Foundation of George Fentham are disclosed in note 22 to the financial statements.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have examined the major strategic, business and operational risks that the charity faces and confirm that systems have been established to enable regular reporting and review so that necessary steps can be taken to lessen these risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04794066 (England and Wales)

Registered Charity number

1098618

Registered office Fentham Hall Marsh Lane Hampton-in-Arden Solihull West Midlands B92 OAH Trustees Appointed by the Borough Council of Solihull (4 Year Term) Mrs A Rolf Term of office expires 19.10.2024 MrsJ Oswald Term of office expires 8.10.2022 Appointed by the Hampton in Arden Parish Council (4 Year Term) Dr M Shalley Term of office expires 31.10.2024 Mrs C Eley ~ resigned 31.12.2021 Mr T Beresford Term of office expires 11.10.2022 Mr M Abbott - appointed 12.01.2022 Term of office expires 12.01.2026 Appointed by the Justices of Solihull Petty Sessional Division (4 Year Term) Mrs A Fisher Term of office expires 16.10.2022

Co-optative Trustees (5 Year Term) Mrs CA Grant Term of office expires 31.10.2022 Mr G Ryland Term of office expires 15.07.2025 Mr D Adams Term of office expires 19.10.2025 Mr C Rickard Term of office expires 24.01.2023

Senior Statutory Auditor

Peter Smith ACA

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

REFERENCE AND ADMINISTRATIVE DETAILS Auditors J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham B15 3BH

Clerk to the Trustees and Principal Office

Mrs S Jarratt George Fentham Meeting Room Marsh Lane Hampton in Arden West Midlands B92 OAH

Banker

HSBC Bank plc 130 New Street Birmingham B2 4JU

Solicitor

Veale Wasborough Vizards LLP Second Floor 3 Brindleyplace Birmingham Bi 2JB

Investment manager Brewin Dolphin Limited 9 Colmore Row Birmingham B3 2B)

Surveyor

NC Russell MRICS Nick Russell Associates Lavender Cottage Lucton Leominster Herefordshire HR6 9PH

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of George Fentham Hampton in Arden Charity incorporating George Fentham Hampton in Arden Endowed Charity for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, J W Hinks LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 6 July 2022 and signed on its behalf by:

Mrs CA Grant - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

Opinion

We have audited the financial statements of George Fentham Hampton in Arden Charity incorporating George Fentham Hampton in Arden Endowed Charity {the ‘charitable company’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Repubiic of Ireland’.

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of lreland'; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY {REGISTERED NUMBER: 04794066)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course ofthe audit:
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

enquiring with management and others to gain an understanding of the organisation itself including operations, financial reporting and known fraud or error;
evaluating and understanding the internal control system;
. performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear;
testing documentation supporting account balances or classes of transactions; and
. confirming accounts receivable and other accounts with a third party.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Peter Smith ACA (Senior Statutory Auditor) for and on behalfof J W Hinks LLP Chartered Accountants

and Statutory Auditors

19 Highfield Road Edgbaston Birmingham B1i5 3BH

Date: 6 July 2022

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN

ARDEN ENDOWED CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes	£	£	£	£
INCOMEAND ENDOWMENTS FROM
Donations and legacies	3	28,459	-	28,459	112,500
Charitable activities
Fentham Green		85,136	-	85,136	81,713
Fentham Hall		27,338	-	27,338	16,560
Day Club		820	-	820	527
George Fentham Meeting Room		2,110	-	2,110	3,569
Arboretum, forestry and fencing		255	-	255	-
Investment income	4	112,894	73,504	186,398	193,435
Total		257,012	73,504	330,516	408,304
EXPENDITURE ON
Raising funds	5	22,281	-	22,281	19,917
Charitable activities	6
Fentham Green		49,469	-	49,469	34,425
Fentham Hall		55,784	-	55,784	66,579
Day Club		5,966	.	5,966	5,814
George Fentham Meeting Room		3,347	-	3,347	2,710
Fentham Lodge		2,849	-	2,849	2,823
Arboretum, forestryand fencing		10,509	-	10,509	15,906
Orbit Response charges		2,658	-	2,658	3,619
Grants payable		102,489	-	102,489	107,944
Support costs		41,277	-	41,277	51,223
Total		296,629	.	296,629	310,960
Net gains on investments		20,116	298,716	318,832	172,102
NETINCOME/(EXPENDITURE)		(19,501)	372,220	352,719	269,446
RECONCILIATION OF FUNDS
Totalfundsbrought forward		344,639	8,309,101	8,653,740	8,384,294
TOTALFUNDSCARRIEDFORWARD		325,138	8,681,321	9,006,459	8,653,740

The notes form part of these financial statements

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY {REGISTERED NUMBER: 04794066)

BALANCE SHEET

31 DECEMBER 2021

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|2020| |Unrestricted|Restricted|Total|Total| |funds|fund|funds|funds| |Notes|£|£|£|£| |FIXED|ASSETS| |Tangible|assets|14|-|5,360,751|5,360,751|5,421,126| |Investments| |Investments|15|205,487|2,235,109|2,440,596|2,164,361| |Investment|property|16|-|950,000|950,000|850,000| |205,487|8,545,860|8,751,347|8,435,487| |CURRENT|ASSETS| |Debtors|17|11,788|3,257|15,045|53,892| |Cash|at|bank|197,619|132,204|329,823|255,430| |209,407|135,461|344,868|309,322| |CREDITORS| |Amounts|falling due|within|one|year|18|(89,756)|-|(89,756)|(91,069)| |NET CURRENT ASSETS|119,651|135,461|255,112|218,253| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|325,138|8,681,321|9,006,459|8,653,740| |NET ASSETS|325,138|8,681,321|9,006,459|8,653,740| |FUNDS|19| |Unrestricted|funds|325,138|344,639| |Restricted|funds|8,681,321|8,309,101| |TOTAL FUNDS|9,006,459|8,653,740|

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The notes form part of these financial statements

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continued...

GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY (REGISTERED NUMBER: 04794066)

BALANCE SHEET - continued 31 DECEMBER 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 6 July 2022 and were signed on its behalf by:

----- Start of picture text -----
Mrs C A Grant - Trustee
Mr C Rickard - Trustee
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The notes form part of these financial statements

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Fe ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

General information

The George Fentham Hampton in Arden Charity is a charity incorporated in England and Wales. The address of the charity's registered office is Fentham Hall, Marsh Lane, Hampton-in-Arden, Solihull, West Midlands, B92 OAH.

Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Companies Act 2006 and the Charities Act 2011.

The financial statements have been prepared using the historic cost convention as modified by the revaluation of investments and are presented in sterling which is the functional currency of the charity, rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below, These policies have been consistently applied to all years presented unless otherwise stated.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The charity has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

the requirement of Section 7 Statement of Cash Flows.

COMPANY STATUS

The charity is a company limited by guarantee. The members of the charity are the trustees named in the Report of the Trustees. In the event of the charity being wound up the liability in respect of the guarantee is limited to £10 per member ofthe charity.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The policies adopted for the recognition of income are as follows.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from charitable activities includes income earned from services such as residents’ contributions and lettings income to raise funds for the charity. Income is received in exchange for supplying services in order to raise funds and is recognised when entitlement has occurred.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES - continued

INCOME

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest receivable. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy, investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest rate method and dividend income is recognised as the charity's right to receive payment is established.

Grant income from other third parties is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

EXPENDITURE

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

It is categorised under the following headings.

fe) Expenditure on charitable activities. o Other expenditure representing those items not falling into the above categories.

Support costs are those that assist with the work of the charity but do not directly represent charitable activities and include office costs, governance costs and other administrative costs.

Grants payable to third parties are within the charity's charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant as this gives rise to a reasonable expectation that the recipient will receive the grant. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

TANGIBLE FIXED ASSETS

Housing land and buildings

Some years ago it was the practice of the charity to include housing land and buildings used for charitable purposes at a nominal value of £1 each (with the exception of Fentham Hall which had a nil value due to the building's nature, usage and position held within the charity) which is in accordance with traditional practice as the properties were considered to be a permanent endowment of the charity at that time.

In order to comply with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) (effective 1 January 2019)" and with the Companies Act 2006, these assets have been revalued to their market value by the trustees with the help of the charity's professional adviser, N C Russell MRICS of Nick Russell Associates. They have been included at market value as at 31 December 2021.

The properties involved are Fentham Green (including the Warden's House), the Fentham Hall Caretaker's Lodge and the garage plot at Belle Vue Terrace.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS

Commercial and agricultural properties were revalued as at 31 December 2017 by the trustees with the help of their professional adviser, N C Russell MRICS of Nick Russell Associates. These have been included at market value as at 31 December 2021.

Fentham Hall, as stated earlier, has no value in the financial statements for charitable purposes in accordance with traditional practice as the property is considered to be a permanent endowment of the charity and is, therefore, not included in the financial statements valued as at 31 December 2021. However, the trustees did obtain a value "on a contractor's basis" of £1,500,000 in 2017 with the help of their professional adviser, N C Russell MRICS of Nick Russell Associates. This is considered only to act as an "aide-memoire" to the financial statements and not as a monetary valuation.

INVESTMENT PROPERTY

Investment property is measured using the fair value model and is stated at its fair value as at the reporting end date. The surplus or deficit on revaluation is recognised in the Statement of Financial Activities.

TAXATION

The charity is exempt from corporation tax on its charitable activities.

EMPLOYEE BENEFITS

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts are shown within borrowings in current liabilities.

INVESTMENTS

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in "net gains/(losses) on investments" in the Statement of Financial Activities if the investments are publicly traded or their fair value can otherwise be measured reliably.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial statements.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021

ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settie on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Other financial assets Other financial assets are initially measured at fair value which is normaily the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the income and expenditure account, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as “loans and receivables". Loans and receivables are measured at amortised cost using the effective interest method less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income and expenditure account.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the income and expenditure account.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

Li ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all of the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in the income and expenditure account in finance costs or finance income as appropriate unless hedge accounting is applied and the hedge is a cash flow hedge.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

GOING CONCERN

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The expected income and expenditure is sufficient with the level of reserves for the charity to continue as a going concern.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021

2: CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
			2021	2020
			£	£
Donations			1,690	-
Grants			26,769	112,500
			28,459	112,500
Grants received, included in the	above, are as follows.
	Unrestricted	Restricted
	funds	funds	2021	2020
	£	£	£	£
Solihull Metropolitan
Borough Council:
Covid-19 revenue grants	18,269	-	18,269	12,260
National Lottery:
Covid-19 revenue grant	-	-	-	15,634
The Julia and
Hans Rausing Trust	8,500	-	8,500	8,498
Elegant Homes	.	-	-	75,000
Other grants received	-	-	-	1,100
	26,769	”	26,769	112,500

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021

INVESTMENT INCOME

INVESTMENT INCOME
	2021	2020
	£	£
Rack rents receivable	52,561	52,837
Other rental income receivable	55,350	67,000
Dividend income receivable	78,487	73,594
Bank interest receivable	.	4
	186,398	193,435

RAISING FUNDS

INVESTMENT MANAGEMENT COSTS

INVESTMENT MANAGEMENT COSTS
	2021	2020
	£	£
Broker's fees	11,048	10,209
Surveyor's fees	10,380	8,650
Commercial property insurance	853	1,058
	22,281	19,917

CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
		Grant
		funding	of
	Direct	activities		Support
	Costs (see	(see note		costs	(see
	note 7)	8)		note 9)		Totals
	£	£		£		£
Fentham Green	49,469		.		.	49,469
Fentham Hall	55,784		-		-	55,784
Day Club	5,966		-		-	5,966
George Fentham Meeting Room	3,347		-		-	3,347
Fentham Lodge	2,849		-		-	2,849
Orbit Response charges	2,658		-		-	2,658
Arboretum, forestry and fencing	10,509		-		-	10,509
Grants payable	-	102,489			-	102,489
Support costs	.		~	41,277		41,277
	130,582	102,489		41,277		274,348

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

7.	DIRECT COSTS OF CHARITABLE ACTIVITIES
		2021	2020
		£	£
	Staffcosts	28,097	27,701
	General and water rates	6,905	7,705
	Insurance	3,755	3,668
	Lightand heat	10,373	8,268
	Repairs and maintenance	60,179	58,032
	Garden maintenance	10,096	14,981
	Telephone and Piper system	2,553	2,088
	Day Club expenditure	5,966	5,814
	Orbit Response charges	2,658	3,619
		130,582	132,146
8.	GRANTS PAYABLE
		2021	2020
		£	fe
	Grantspayable	102,489	107,944

During the year ended 31 December 2021 the charity made the following grants in order to contribute towards the benefit of the inhabitants of Hampton in Arden.

Total grants payable to institutions during the year were as follows.

	2021	2020
	£	£
Educational Foundation ofGeorge Fentham	66,000	69,206
Hampton in Arden Church	-	500
Hampton in Arden Badminton Club	-	2,000
Hampton in Arden Bowls Club	500	-
Lady Katherine Leveson Foundation	-	1,634
	66,500	73,340

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions are fulfilled.

Total grants payable to individuals during the year were as follows.

Total grants payable to individuals during thethe year werewere as follows.
	2021	2020
	£	£
Scholarship grants	12,500	13,250
Hampers	699	804
Other grants to individuals	22,790	20,550
	35,989	34,604
Totalgrantspayabletoinstitutionsandindividuals	102,489	107,944

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021

SUPPORT COSTS

Support costs, including governance costs, are as follows:

	Support costs, including governance costs, are as follows:
		2021	2020
		£	£
	Advertising	70	369
	Bank charges	85	80
	Consultancy fees	6,475	15,748
	Printing, postage and stationery	261	521
	Sundry expenses	9,603	3,985
	Wages	15,023	17,253
	Pensions	1,142	107
	Auditors’ remuneration	4,560	4,440
	Insurance	4,058	3,894
	Legal fees	-	4,826
		41,277	51,223
10.	NETINCOME/(EXPENDITURE)
	Netincome/(expenditure)isstatedaftercharging/(crediting):

		2021	2020
		£	£
Auditors'	remuneration	4,560	4,440

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021

11. TRUSTEES' REMUNERATION AND BENEFITS - continued

TRUSTEES' EXPENSES

During the year ended 31 December 2021 a total of £1,499 (2020: £311) was reimbursed in expenses to 2 trustees (2020: 3) by the charity.

STAFF COSTS

12.	STAFF COSTS
			2021	2020
			£	£
	Wages and salaries		43,096	44,954
	Other pension costs		1,166	107
			44,262	45,061
	The average monthly number ofemployees during the yearwas as	follows:
			2021	2020
	Management and administration		4	5
	No employees received emoluments in excess of£60,000.
13.	COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES
		Unrestricted	Restricted	Total
		funds	fund	funds
		£	£	£
	INCOMEAND ENDOWMENTS FROM
	Donations and legacies	112,500	-	112,500
	Charitable activities
	Fentham Green	81,713	-	81,713
	Fentham Hall	16,560	-	16,560
	Day Club	527	-	527
	George Fentham Meeting Room	3,569	-	3,569
	Investment income	123,981	69,454	193,435
	Total	338,850	69,454	408,304
	EXPENDITURE ON
	Raising funds	19,917	-	19,917
	Charitable activities
	Fentham Green	34,425	-	34,425
	Fentham Hall	66,579	-	66,579
	DayClub	5,814	-	5,814
	George Fentham Meeting Room	2,710	-	2,710
	FenthamLodge	2,823	-	2,823

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021

13.	COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES - continued	COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted	Total
		funds	fund	funds
		£	£	£
	Arboretum, forestry and fencing	15,906	.	15,906
	Grants payable	107,944	.	107,944
	Support costs	54,842	-	54,842
	Total	310,960	-	310,960
	Net gains/(losses) on investments	(10,163)	182,265	172,102
	NET INCOME	17,727	251,719	269,446
	RECONCILIATION OF FUNDS
	Total funds brought forward	326,912	8,057,382	8,384,294
	TOTALFUNDSCARRIED FORWARD	344,639	8,309,101	8,653,740
14.	TANGIBLE FIXED ASSETS
			Commercial
		Residential	and
		Properties	Agricultural	Totals
		£	£	£
	COST
	At 1 January 2021	2,510,251	2,910,875	5,421,126
	Disposals	-	(60,375)	(60,375)
	At31 December 2021	2,510,251	2,850,500	5,360,751
	NET BOOK VALUE
	At 31 December 2021	2,510,251	2,850,500	5,360,751
	At31December2020	2,510,251	2,910,875	5,421,126

Fentham Hall

As in prior years, Fentham Hall has no value in the financial statements as at 31 December 2021 as this property is considered to be a permanent endowment of the charity and not an asset of value. The trustees obtained a value in 2017 "on a contractor's basis" of £1,500,000 with the help of their professional adviser, N C Russell MRICS of Nick Russell Associates. This is considered only to act as an "aide-memoire" to the financial statements and not as a monetary valuation.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued

FOR THE YEAR ENDED 31 DECEMBER 2021

15.	FIXEDASSETINVESTMENTS
			Endowed
		General	Capital
		Fund	Fund	Total	Total
		2021	2021	2021	2020
		£	£	£	£
	Market value at 1January 2021	139,445	2,024,916	2,164,361	1,911,079
	Additions at cost	76,729	197,538	274,267	611,669
	Sale proceeds on disposal	(30,803)	(186,436)	(217,239)	(295,489)
	Gain/(loss) in the year:
	- realised	989	19,657	20,646	(26,498)
	- unrealised	19,127	179,434	198,561	(36,400)
	Market value at 31 December 2021	205,487	2,235,109	2,440,596	2,164,361
	Historic cost at 31 December 2021	190,891	1,721,616	1,912,507	1,522,755
	ANALYSIS OF INVESTMENTS
				2021	2020
				£	£
	UK quoted equities			863,336	809,923
	UK quoted bonds			127,831	163,473
	Non-UK quoted equities			1,221,143	967,806
	Non-UK quoted bonds			228,286	223,159
				2,440,596	2,164,361
16.	INVESTMENT PROPERTY
					£
	FAIR VALUE
	At 1January 2021				850,000
	Revaluation				100,000
	At 31 December 2021				950,000
	NET BOOKVALUE
	At 31 December 2021				950,000
	At 31 December 2020				850,000
	Fair value at 31 December 2021 is represented	by:
					£
	Valuationin2021				950,000

Investment properties were valued on an open market basis on 31 December 2021 by Nick Russell Associates.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS- continued

FOR THE YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |17.|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR| |2021|2020| |£|£| |Other|debtors|15,045|53,892| |18.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR| |2021|2020| |£|£| |Social|security|and|other|taxes|1,021|226| |Other|creditors|81,736|76,603| |Deferred|income|-|8,500| |Accrued|expenses|6,999|5,740| |89,756|91,069| |19,|MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|1.1.21|in|funds|31.12.21| |£|£|£| |Unrestricted|funds| |General|fund|116,139|(19,501)|96,638| |Maintenance|fund|86,000|-|86,000| |Extraordinary|Repairs|fund|66,500|-|66,500| |Almshouses|Maintenance|fund|76,000|-|76,000| |344,639|(19,501)|325,138| |Restricted|funds| |Endowed|Capital|fund|8,309,101|372,220|8,681,321| |TOTAL|FUNDS|8,653,740|352,719|9,006,459| |Net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Gains|and|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|257,012|(296,629)|20,116|(19,501)| |Restricted|funds| |Endowed|Capital|fund|73,504|-|298,716|372,220| |TOTAL FUNDS|330,516|(296,629)|318,832|352,719|

----- End of picture text -----

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Net| |movement|At| |At|1.1.20|in|funds|31.12.20| |£|£|£| |Unrestricted|funds| |General|fund|98,412|17,727|116,139| |Maintenance fund|86,000|-|86,000| |Extraordinary|Repairs fund|66,500|:|66,500| |Almshouses|Maintenance|fund|76,000|-|76,000| |326,912|17,727|344,639| |Restricted|funds| |Endowed|Capital|fund|8,057,382|251,719|8,309,101| |TOTAL|FUNDS|8,384,294|269,446|8,653,740|

----- End of picture text -----

Comparative net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Incoming|Resources|Gains|and|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|338,850|(310,960)|(10,163)|17,727| |Restricted|funds| |Endowed|Capital|fund|69,454|-|182,265|251,719| |TOTAL FUNDS|408,304|(310,960)|172,102|269,446|

----- End of picture text -----

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Net| |movement|At| |At|1.1.20|in|funds|31.12.21| |£|£|£| |Unrestricted|funds| |General|fund|98,412|(1,774)|96,638| |Maintenance|fund|86,000|-|86,000| |Extraordinary|Repairs|fund|66,500|-|66,500| |Almshouses|Maintenance|fund|76,000|-|76,000| |326,912|(1,774)|325,138| |Restricted|funds| |Endowed|Capital|fund|8,057,382|623,939|8,681,321| |TOTAL FUNDS|8,384,294|622,165|9,006,459|

----- End of picture text -----

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Incoming|Resources|Gains|and|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|595,862|(607,589)|9,953|(1,774)| |Restricted|funds| |Endowed|Capital|fund|142,958|-|480,981|623,939| |TOTAL FUNDS|738,820|(607,589)|490,934|622,165|

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Purpose of Unrestricted Funds

General fund

This fund represents the free funds of the charity that are not designated for particular purposes.

Purpose of Designated Funds

Maintenance fund, Extraordinary Repairs fund and Almshouses Maintenance fund

The trustees have established these designated funds for the purpose of providing for general, maintenance and extraordinary repairs concerning the charity's almshouses and other property belonging to the charity.

Purpose of Restricted Funds

Endowed Capital fund

This fund represents the historic endowed capital as amended for the revaluation of investments, the income from which is taken to the General fund.

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity contributes to the individual pension plans of certain employees. The assets of these schemes are held separately from those of the charity in independently administered funds.

The total contributions for the year amounted to £1,166 (2020: £107) and outstanding contributions as at 31 December 2021 amounted to £nil (2020: £3).

21. CONTINGENT LIABILITIES

Hampton-in-Arden Sports Club Limited

The trustees intend to award a grant totalling £75,000 as a contribution towards improving facilities at Hampton-in-Arden Sports Club Limited (limited company registered in England and Wales, company registration number 01179485).

This grant is conditional upon Hampton-in-Arden Sports Club Limited securing planning permission from Solihull MBC and achieving full funding in order to improve facilities at their premises.

As at the time of approving the charity's financial statements for the year ended 31 December 2021 planning permission has not yet been secured by Hampton-in-Arden Sports Club Limited and full funding has not been achieved.

It is the trustees’ intention that this grant award will be progressed upon the eventual securing of planning permission and the achievement of full funding by Hampton-in-Arden Sports Club Limited.

Mrs J Oswald, a trustee of the George Fentham Hampton in Arden Charity, was appointed a director of Hampton-in-Arden Sports Club Limited on 7 February 2022.

Mr C Rickard, a trustee of the George Fentham Hampton in Arden Charity, resigned as a director of Hamptonin-Arden Sports Club Limited on 31 January 2022.

22. RELATED PARTY DISCLOSURES

George Fentham Hampton in Arden Endowed Charity

Educational Foundation of George Fentham

During the year ended 31 December 2021 the George Fentham Hampton in Arden Charity made grants totalling £66,000 (2020: £69,206) to the Educational Foundation of George Fentham.

It also supported the Foundation with a total of 22 scholarship awards to individuals (2020: 27) and made payments directly to the beneficiaries totalling £12,500 (2020: £13,250).

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GEORGE FENTHAM HAMPTON IN ARDEN CHARITY INCORPORATING GEORGE FENTHAM HAMPTON IN ARDEN ENDOWED CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2021

22. RELATED PARTY DISCLOSURES - continued

As at 31 December 2021, included within other creditors falling due within one year, is £75,961 (2020: £75,961) due from the George Fentham Hampton in Arden Charity to the Educational Foundation of George Fentham.

23. OPERATING LEASE COMMITMENTS - LESSOR

At 31 December 2021 the charity had contracted with tenants future minimum lease payments under noncancellable operating leases as follows.

	2021	2020
	£	£
Within one year	96,787	96,787
Between two and five years	370,484	385,565
In morethan five years	626,947	708,653
	1,094,218	1,191,005

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