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|---|---|---|---|
|Council Members'
report|||1-3|
|Independent|auditor's|report|4-5|
|Statement
of|financial|activities||
|Balance sheet||||
|Statement
of|cash flows||10|
|Notes to the|financial|statements|11 —14|
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|During
the year grants|During
the year grants|During
the year grants|totalling|totalling|totalling|f252,654 (2020:|E286,989) were awarded
to 26 organisations.|E286,989) were awarded
to 26 organisations.|E286,989) were awarded
to 26 organisations.|E286,989) were awarded
to 26 organisations.|A grant of 6550|A grant of 6550|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|awarded
to Luton||Shopmobility||||was subsequently|refunded
due to the charity
being closed. Grants|||||awarded
in|
|previous
years refunded||||were|f4,080 (2020; nil). Grants awarded
are detailed
below:||||||||
|Recipient|||||||Purpose||||||
|HFT (Home Farm Trust)|||||||Towards|25tablets, cases and zoom|costs for||||
||||||||adults
with learning
disabilities
in Bedfordshire|||||5,525|
|Herts Inclusive Theatre|||||||Towards|Augmentative
and Alternative|||||
||||||||Communication
Device for disabled||children||||
||||||||and young
people|||||3,200|
|Wheathampstead||United||Church|||Towards|damp
proofing
at their NFP gym, The|||||
||||||||Chapel
Gym|||||17,012|
|Bucks Search|and|Rescue|||||Towards|IT equipment
for their new|control||||
||||||||vehicle|||||1,684|
|Hatfield
House Chamber||||Music||Festival|Towards|music parts hire, piano hire and|||||
||||||||streaming|costs for their Education|and||||
||||||||Outreach|Programme
2021||||2,040|
|YMCA Milton|Keynes||||||Towards|a new dedicated
employment
support|||||
||||||||suite|||||10,000|
|Ellesborough|Guide Centre||||||Towards|refurbishment
oftheir residential|||||
||||||||activity centre and a new extension|||||25,000|
|Ride High|||||||Towards|new roofs for two oftheir|buildings|||30,524|
|Luton Shopmobility|||||||Towards|a manual
wheelchair||||550|
|The Recover|Team||||||Towards|a new low emissions
van||||5,000|
|Macintyre
Care|||||||Towards|an outdoor sofa for their|residential||||
||||||||care home|||||750|
|Herts Disability Sports Foundation|||||||Towards|a storage container for adapted|||||
||||||||bicycles|||||9,000|
|Edge Grove|||||||Towards|two new trophy cabinets||||5,000|
|Isabel Hospice|||||||Towards|the replacement
of fridges|and freezers|||5,289|
|Link to Change|||||||Towards|furniture
and equipment
for their||new|||
||||||||premises|||||2,590|
|MAGPAS Air|Ambulance||||||Towards|a new patient ventilator||||16,856|
|King's Arms|Project||||||Towards|Four new laptops and installation||costs||3,160|
|Viva Arts and|Community||||||Towards|an access road for their new centre||||20,000|
|Enterprising|Youth|Education|||( E.Y.E)||Towards|updating
their kitchen||||3,959|
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|Achievements|Achievements|and performance|(continued)||||
|---|---|---|---|---|---|---|
|TOKKO||||Covid Support|Grant|20,000|
|Kids in|Action|||Covid Support|Grant|15,000|
|SPACE||||Covid Support|Grant|16,140|
|Potton|Hall for All|||Covid Support|Grant|10,000|
|Aspire||||Covid Support|Grant|10,000|
|Ross Park Scout Group||||Covid Support|Grant|4,375|
|The Crescent Support Group||||Covid Support|Grant|10,000|
|Total||||||252,654|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Notes|6|f|
|Income from:||||||
|Investments||||381,229|360,944|
|Total income||||381,229|360,944|
|~Edit
*||||||
|Grants|||3|(248,024)|(278,989)|
|Administration|fees|||(1,020)|(1,020)|
|Audit services||||(2,520)|(2,758)|
|Other services||||(1,404)|(1,040)|
|Investment
management||||(230)|(230)|
|Total expenditure||||(253,198)|(284,037)|
|Net gains/(losses)||on investments|4|1,836,285|(1,810,675)|
|Net movement||in funds||1,964,316|(1,733,768)|
|Fund balances|at|1January 2021||11,008,508|12,742,276|
|Fund balances|at 31December 2021|||12,972,824|11,008,508|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|E|6|
|Fixed assets|||||||||
|Investments|||||||12,496,518|10,682,016|
|Current assets|||||||||
|Debtors|||||||2,100|39,937|
|Cash at bank and||in|hand||||480,516|290,155|
||||||||482,616|330,092|
|Creditors:|amounts||falling due within||||||
|one year||||||6|(6,310)|(3,600)|
|Net current|assets||||||476,306|326,492|
|Total assets less||current|||liabilities||12,972,824|11,008,508|
|Income funds|||||||||
|~dd'd|d||||||||
|Designated|revaluation|||reserve|||5,261,216|3,639,248|
|General
unrestricted|||funds||||7,711,608|7,369,260|
||||||||12,972,824|11,008,508|
||||||||12,972,824|11,008,508|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|f||f||
|Cash flows from operating|||activities||||||
|Cash absorbed
by operations||||12||(212,651)||(286,129)|
|Investing|activities||||||||
|Purchase|of investments||||(1,885,724)||(471,322)||
|Proceeds|on disposal of investments||||965,245||1,505,581||
|Dividends|and interest from||investments||381,229||360,944||
|Income re-invested|||||942,032||(1,034,259)||
|Charges|paid||||230||230||
|Net cash|generated
from|investing|||||||
|activities||||||403,012||361,174|
|Net increase in cash and cash equivalents||||||190,361||75,045|
|Cash and|cash equivalents|at beginning||ofyear||290,155||215,110|
|Cash and cash equivalents|||at end of|year||480,516||290,155|
|Relating|to:||||||||
|Cash at bank and
in hand||||||480,516||290,155|
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|Investment
inc|ome|||
|---|---|---|---|
|||2021|2020|
|Listed investments:||||
|Held within the|UK|380,674|360,181|
|Held outside the UK||555|763|
|||381,229|360,944|
|Grants payable||||
|||2021|2020|
||||6|
|Grants awarded|in the year to instutions|252,654|286,989|
|Grants refunded|from institutions|(4,630)|(8,000)|
|||248,024|278,989|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||f|f|
||Market value at 1January 2021|||10,682,016|12,492,921|
||Transfer (to)/from
income account|||(21,559)||
||Charges
paid|||(230)|(230)|
||Cash received|||6||
||Movement
in realised|and unrealised|gain|1,836,285|(1,810,675)|
||Market value at 31December 2021|||12,496,518|10,682,016|
||Historical cost at 31December 2021|||6,702,831|5,972,236|
||Held within the UK|||12,465,186|10,661,308|
||Held outside the UK|||31,332|20,708|
|||||12,496,518|10,682,016|
||Individual
holdings
which comprised||more than 5%ofthe total market value were as follows:|||
|||||2021|2020|
|||||f|f|
||Persimmon
10p shares|||1,428,000|1,383,500|
||Severn Trent 97p shares|||1,473,500|1,144,500|
||GlaxoSmithKline
9.8p|shares (&5%in|2021)||671,000|
||WH Smith 22.09p shares|||740,000|755,000|
||Experian 10cshares|||1,089,600|833,100|
||Diageo 28p shares|||2,018,000|575,600|
||Prudential
5p shares|||637,250|673,500|
||Legal 8r General 25p|shares (&5%in|2021)||532,400|
||Compass
Group 11.05p shares (&5%||in 2020)|825,500||
|5|Debtors|||||
|||||2021f|2020f|
||Prepayments
and accrued income|||2,100|39,937|
|6|Creditors: amounts|falling due within one year||||
|||||2021
f|2020f|
||Other creditors|||2,590||
||Accruals|||3,720|3,600|
|||||6,310|3,600|
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|||2021|2020|
|---|---|---|---|
|||6|E|
|Balance at 1January||3,639,248|5,222,793|
|Add: Movement
in unrealised|gains|1,621,968|(1,583,545)|
|Balance at 31December||5,261,216|3,639,248|
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||nature we use our audit|nature we use our audit|ors to assist with the|ors to assist with the|preparation|ofthe accounts.|||
|---|---|---|---|---|---|---|---|---|
|12|Cash generated
from||operations||||2021|2020|
||Surplus/(deficit)
for|the|year||||1,964,316|(1,733,768)|
||Adjustments
for.||||||||
||Investment
income|recognised||in statement|of financial|activities|(381,229)|(360,944)|
||Fair value gains and|losses on||investments|||(1,836,285)|1,810,675|
||Movements
in working||capital:||||||
||Decrease/(increase)|in|debtors||||37,837|(2,152)|
||Increase
in creditors||||||2,710|60|
||Cash absorbed
by|operations|||||(212,651)|(286,129)|