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2022-03-31-accounts

Forest Hill Community Church

Report and Accounts Year ended 31st March 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

FOREST HILL COMMUNITY CHURCH

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Fiona Taylor Rosemary Thompson Elaine Willett Luke Aylward Tim Greenlaw (resigned June 2021) Ben Hobbons Ben Hobbons

Company Secretary Ben Hobbons Key Staff Nigel Desborough (Pastor and Team Leader) Joanna Sayer (Pastor)

Governing Document Memorandum and Articles of Association dated 18 De Company Registration Number 5022460 Charity Registration Number 1103398 Registered Office Here For Good 17 Sydenham Road Sydenham, London, SE26 5EX Independent Examiner Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

National Westminster Bank plc

Contents Page
Company Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-14
Detailed Statement of Financial Activities with Comparatives 15

Page 1

FOREST HILL COMMUNITY CHURCH

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Formation & Objects of the charity

FHCC was incorporated as a company limited by guarantee (Company no. 5022460) on 22/1/2004, and registered as a charity on 26/4/2004. It became operational on 26/11/2003.

The objects of the charity are to promote and advance the Christian faith, to relieve poverty, hardship, sickness and distress, and to promote education and training.

Membership

In March 2022 we had somewhere between 150 and 200 people, including children, connected to the FHCC community. After the Covid 19 pandemic lockdowns we began to meet physically at Sydenham High School every week again from Easter 2021.

Support for overseas work

We continued to support overseas mission work in different locations particularly in South East Asia and Turkey. The Covid 19 pandemic with lockdowns and travel restrictions has had a big impact on this area, and some workers have still been unable to travel.

Regular Activities

In planning the activities of FHCC the Trustees have had regard to the guidance issued by the Charity Commission on ‘public benefit.’ FHCC continues to meet for Sunday services at Sydenham High School. We are members of Transform Network (T-net), an association of independent church congregations in South East London; of iNet, an overseas mission’s organisation; and we are also members of the Evangelical Alliance. We work and collaborate with numerous other Christian groups including: XLP; Churches Together in Sydenham and Forest Hill; London City Mission; and New Wine Network. We also joined the Pioneer Network of churches in October 2020.

We lease and manage the Hope Centre, Malham Road, Forest Hill, which belongs to London City Mission. Our current 2-year lease runs until August 2024, with a 2-month break clause on either side. Since March 2020 the hall has been exclusively used by Lewisham Foodbank. The work of the Foodbank expanded substantially because of the Covid-19 pandemic, and we have provided a premises vital for thousands of local people affected by food poverty. Foodbank has made a very significant contribution to the needs of people in food crisis across the Borough of Lewisham. As we approach the tenth anniversary of the founding of the Foodbank we have mobilised 2,000 volunteers and fed 100,000 people.

Trustees

There are 5 Trustees at present. We started the financial year with 6, but Tim Greenlaw moved to Reading and ceased as a Trustee in the summer of 2021.

Page 2

FOREST HILL COMMUNITY CHURCH

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Staffing

Nigel Desborough continued as Pastor and Team Leader. On 1st November 2020 Joanna Sayer began to work for FHCC as the Associate Pastor. Stephen Desborough was appointed part-time Youth Pastor in September 2017 and continued in that role until November 2021. He left to become a language teacher, but continues to do some youth work voluntarily. Dragana Ivanovic was appointed as part-time administrator in January 2016 and remains in post.

Specific additional activities in 2021-2022

In 2020-2021 we ran a number of online courses, due to the restrictions of Covid. Going into 2021-2022 we began to meet in person again, and open up our Here For Good building for church and community activities. We began a weekly coffee morning drop-in for the local community, re-started Meeting Point (for the elderly), and ESOL (basic English language teaching), hosted a Job Club, ran an Alpha Course, and had a women’s breakfast and an event for families with primary aged children. We ran a thriving youth group on Friday evenings, and other youth activities. Our Sunday evening prayer meeting continued on Zoom as did our early morning prayer meeting on Thursdays.

We continued our Race Group to discuss the important issue of racial justice and unity, and plan events to express the racial diversity in our church. We have had training mornings, discussion evenings, international services and lunches, and celebrated Black History Month.

In July 2021 we worked with other churches to particularly mobilise youth to make a positive difference to local communities through an initiative called ‘Summer ‘21’. We ran a number of activities on the Hazel Grove estate in Sydenham, including garden clearance, football coaching, rubbish clearance, and a large family fun event with a barbecue, bouncy castles, face painting and other activities. This was well attended and very well received.

Financial review

Unrestricted income for the year was £239,536 (2021: £256,667) a decrease of £17,131 on the previous year. This was mainly due to the receipt of a Retail, Leisure & Hospitality Covid support grant from the London Borough of Lewisham in the previous year. Unrestricted expenditure was £231,986 (2021: £178,848), an increase of £53,138 on the previous year. This was mainly due to the impact of Covid on activity levels in the previous year & increased staff costs in the current year. Restricted income was £22,771 (2021: £20,884) and restricted expenditure was £30,791 (2021: £16,064).

Fund balances at the end of the year were: General fund: £147,412 (2021: £144,781), Designated fund: £81,895 (2021: £77,059), Restricted funds: £7,975 (2021: £15,912).

Reserves policy

Free reserves, defined as the general fund bank balances adjusted for amounts due to be received and paid in the subsequent six months, are maintained where possible between £20,000 and £30,000.

Income broadly matched expenditure for 2021-2022 and reserves continue to exceed this level. A budget has been set for the year 2022-2023 with expenditure exceeding income by £39,000. This excess expenditure will be funded from excess reserves and/or funds raised at the annual gift days.

Page 3

FOREST HILL COMMUNITY CHURCH

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Risk Management

The major risks to which the Charity is exposed, as identified by the Trustees, are reviewed from time to time and, if considered appropriate, systems or procedures are established to manage those risks. All major insurable risks are subject to commercially available charities and employers’ insurance

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

FIONA TAYLOR ELAINE WILLETT _____ _____ FIONA TAYLOR ELAINE WILLETT

Date: 15 December 2022

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

FOREST HILL COMMUNITY CHURCH ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 6 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Archie McDowall

Archie McDowall BA, CA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 16 December 2022

Page 5

FOREST HILL COMMUNITY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
192,117
47,344
75
239,536
231,986
231,986
-
7,550
(83)
7,467
221,839
229,306		 Restricted
Funds
£
22,771
-
-
22,771
30,791
30,791
-
(8,020)
83
(7,937)
15,912
7,975		 Total
Funds
2022
£
214,888
47,344
75
262,307
262,777
262,777
-
(470)
0
(470)
237,751
237,281		 Total
Funds
2021
£
230,745
46,722
84
277,550
194,912
194,912
-
82,638
-
82,638
155,113
237,752

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 8-14 form part of these accounts.

Page 6

FOREST HILL COMMUNITY CHURCH

BALANCE SHEET

AS AT 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
11
after more than one year
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
181,500
181,500
31,058
129,643
160,701
(24,820)
135,881
317,381
(88,076)
229,306
147,412
81,894
229,306
-
229,306		 Restricted
Funds
£
-
-
2,473
5,502
7,975
-
7,975
7,975
-
7,975
-
-
-
7,975
7,975		 Total
Funds
2022
£
181,500
181,500
33,531
135,145
168,676
(24,820)
143,856
325,356
(88,076)
237,281
147,412
81,894
229,306
7,975
237,281		 Total
Funds
2021
£
187,000
187,000
30,462
141,663
172,125
(22,962)
149,163
336,163
(98,411)
237,752
144,781
77,059
221,840
15,912
237,752

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

FIONA TAYLOR ELAINE WILLETT --------------------------------------------------------------------------------------------------------------FIONA TAYLOR ELAINE WILLETT

Date: 15 December 2022

The notes on page 8-14 form part of these accounts.

Company number: 5022460

Charity number: 1103398

Page 7

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention [as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities].

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Fixed assets acquired for use by the company are capitalised and depreciated over their estimated useful life. Items with a cost of under £5,000 are treated as an expense of the year in which purchased.

Freehold land Not depreciated Freehold buildings Over 50 years Equipment Between 3 and 7 years

Page 8

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

f) Pension scheme arrangements

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3 Donations and legacies

Donations of cash and similar
Government grants (note 3a)
Legacies receivable
Income tax recoverable
a
Government grants comprise:
Retail, Hospitality & Leisure Business grant
4
Income from charitable activities
Rental & service income
Events
5
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Property costs
Church activities
Other costs
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Staff costs
Loan interest & charges
Depreciation of tangible fixed assets
Other support costs
Total expenditure		 2022
£
184,850
-
30,038
214,888
2022
£
-
-
2022
£
44,179
3,165
47,344
2022
£
104,528
39,640
24,155
1,810
170,133
50,331
220,464
2,400
2,400
21,302
(2,220)
5,500
15,331
42,313
262,777		 2021
£
154,702
25,000
23,784
27,259
230,745
2021
£
25,000
25,000
2021
£
46,672
50
46,722
2021
£
81,005
33,352
2,772
3,157
120,285
38,243
158,528
2,400
2,400
14,596
1,783
5,500
12,105
36,384
194,912

Total expenditure

Page 9

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

c Grants payable

Mission support
Relief of poverty and need
The comparatives for the previous year are as follows:
Mission support
Relief of poverty and need
The charity's principal grants to institutions comprised:
I-Net
T-Net
Catford Church for One Way School, Zimbabwe
Grants to institutions for less than £1,000 each		 Institutions
£
11,390
6,390
17,780
Institutions
£
10,460
3,200
13,660		 Individuals
£
27,104
5,446
32,550
Individuals
£
19,870
4,713
24,583
2022
£
8,790
7,590
-
1,400
17,780		 2022
£
38,494
11,836
50,331
2021
£
30,330
7,913
38,243
2021
£
8,380
1,360
3,200
720
13,660

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs		 2022
£
103,047
5,464
11,758
120,269		 2021
£
84,363
3,219
5,506
93,088

The average monthly number of employees during the year was 6 (2021: 6). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page.

Remuneration payable to key management (excluding trustees and related parties) amounted to £73,965 in the year (2021: £50,211) .

7 Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2021
Additions
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021		 Equipment
& Fittings
£
4,989
4,989
4,989
4,989
-
-		 Freehold
Property
£
275,000
275,000
88,000
5,500
93,500
181,500
187,000		 Total
2022
£
279,989
-
279,989
92,989
5,500
98,489
181,500
187,000

Page 10

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

8 Debtors

Trade debtors
Tax recoverable
Other debtors
9
Cash at Bank and in Hand
Bank operating accounts
Bank deposit accounts
Petty cash
10
Creditors: liabilities falling due within one year
Trade Creditors
Taxation & social security
Mortgage loan payments
Deposits held
Accruals
Other creditors
11
Creditors: amounts falling due after more than one year
Mortgage loan for freehold property		 2022
£
120
32,038
1,373
33,531
2022
£
109,873
24,972
300
135,145
2022
£
5,514
2,018
11,530
1,350
2,400
2,008
24,820
2022
£
88,076
88,076		 2021
£
1,203
29,259
-
30,462
2021
£
119,843
21,520
300
141,663
2021
£
5,278
2,405
11,530
1,350
2,400
-
22,962
2021
£
98,411
98,411

The mortgage loan is secured on the freehold of 17 Sydenham Road, London SE26 5EX, with an interest rate of 1% above Bank of England base rate.

Page 11

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Capital
Youth weekend 2021
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Missionary funds
PA/worship activities fund
Relief funds
Other funds
Aggregate of funds		 Opening
balance
2022
£
77,058
-
77,058
144,781
221,839
2,021
2,572
9,630
1,689
15,912
237,751		 Incoming
resources
2022
£
-
3,115
3,115
236,421
239,536
12,541
-
2,880
7,350
22,771
262,307		 Outgoing
resources
2022
£
(6,736)
(4,135)
(10,870)
(221,116)
(231,986)
(12,465)
-
(11,090)
(7,235)
(30,791)
(262,777)		 Transfers
in the year
2022
£
11,572
1,020
12,591
(12,674)
(83)
-
-
83
-
83
0		 Closing
balance
2022
£
81,895
-
81,895
147,412
229,306
2,097
2,572
1,502
1,804
7,975
237,281

The transfers referred to above were made for the following reasons:

a) The transfer from General Fund to the Capital Fund is the mortgage payment during the year

b) The transfer from General Fund to the Youth weekend fund is to cover the deficit on the fund.

c) The transfer from the General Fund to Relief funds is to top up a payment to support an appeal for Afghanistan

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

ysis of net assets by fund
assets and liabilities of the various funds were as follows:
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
-
181,500
31,058
129,643
(13,290)
(11,530)
-
(88,076)
147,412
81,894
Unrestricted Funds		 Restricted
funds
£
2,473
5,502
7,975		 2022
£
181,500
33,531
135,145
(24,820)
(88,076)
237,281

Page 12

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Capital
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Missionary funds
PA/worship activities fund
Relief funds
Other funds
Aggregate of funds		 Opening
balance
2021
£
72,323
72,323
71,920
144,243
1,709
2,821
4,852
1,489
10,870
155,113		 Incoming
resources
2021
£
-
-
256,667
256,667
11,380
-
8,928
575
20,884
277,550		 Outgoing
resources
2021
£
(6,794)
(6,794)
(172,054)
(178,848)
(11,290)
(249)
(4,150)
(375)
(16,064)
(194,912)		 Transfers
in the year
2021
£
11,530
11,530
(11,752)
(222)
222
222
-		 Closing
balance
2021
£
77,059
77,059
144,781
221,840
2,021
2,572
9,630
1,689
15,912
237,752

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
-
187,000
30,462
125,751
(11,432)
(11,530)
-
(98,411)
144,781
77,059
Unrestricted Funds		 Restricted
funds
£
15,912
15,912		 2021
£
187,000
30,462
141,663
(22,962)
(98,411)
237,752

Designated Funds

The Capital Fund is an unrestricted fund designated by the Trustees to separate the investment on property The Youth Weekend 2021 fund is to keep separate the income & expenditure related to this particular activity

Restricted Funds

Missionary Funds are used to support mission partners & related work around the world. The PA/worship activities fund is for the purchase of PA & other worship related equipment. Relief Funds support the work of social need in the UK and developing countries. Other Funds relate to other gifts for specific causes.

Page 13

FOREST HILL COMMUNITY CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

13 Transactions with related parties During the year the charity:

14 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 14

FOREST HILL COMMUNITY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
Designated
2022
2022
£
£
189,002
3,115
47,344
-
75
-
236,421
3,115
221,116
10,870
221,116
10,870
-
15,305
(7,755)
(12,674)
12,591
2,631
4,836
144,781
77,058
147,412
81,894
Unrestricted funds		 Restricted
2022
£
22,771
-
-
22,771
30,791
30,791
(8,020)
83
(7,937)
15,912
7,975		 Total
2022
£
214,888
47,344
75
262,307
262,777
262,777
-
(470)
0
(470)
237,751
237,281		 General
Designated
2021
2021
£
£
209,861
46,722
84
256,667
-
172,054
6,794
172,054
6,794
-
84,613
(6,794)
(11,752)
11,530
72,861
4,736
71,920
72,323
144,781
77,058
Unrestricted funds		 Restricted
2021
£
20,884
-
-
20,884
16,064
16,064
4,820
222
5,042
10,870
15,912		 Total
2021
£
230,745
46,722
84
277,551
194,912
194,912
-
82,639
-
82,639
155,113
237,752

Page 15