| Trustees | ST Hargrave | ST Hargrave | ||||||
|---|---|---|---|---|---|---|---|---|
| D RS Moseley | ||||||||
| M A Parkin | ||||||||
| Charity number | 1106524 | |||||||
| Company | number | 05249160 | ||||||
| Principal address | Flat 2,47 Lambs Conduit Street | |||||||
| London | ||||||||
| WC1N 3NG | ||||||||
| Registered | office | Alexandra | House | |||||
| St.Johns Street | ||||||||
| Salisbury | ||||||||
| Wiltshire | ||||||||
| SP12SB | ||||||||
| Independent | Examiner | TT Midlands | Services | Limited | t/a TT Chartered | Certified Accountants | ||
| First Floor, | 2 | Hampton | Court | Road | ||||
| Birmingham | ||||||||
| B179AE | ||||||||
| Solicitors | Wilsons | |||||||
| Alexandra | House | |||||||
| St.Johns Street | ||||||||
| Salisbury | ||||||||
| Wiltshire | ||||||||
| SP1 2SB |
| Table ofcontents | ||||
|---|---|---|---|---|
| Page | ||||
| Trustees' Annua I Report |
||||
| Statement ofTrustees' | Responsibilities | |||
| Independent Accountant's |
Report | |||
| Funds Statements: | ||||
| Statement of Financial |
Activities | |||
| Income and Expenditure | Account | |||
| Balance Sheet | ||||
| Statement ofCash Flows | ||||
| Notes to the Financial | Statements | 10 |
| Statement of | Fi | nancia | l Activities for the year end | ed 31 | March 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Current year | Current year | Current year | Prior year | |||||
| Unrestricted | Endowment | Total Funds | Total Funds | |||||
| o es | Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| E | 6 | E | E | |||||
| Income from: | ||||||||
| Donations and |
legacies | 500,000 | 500,000 | |||||
| Investments | 121,730 | 121,730 | 113,009 | |||||
| Total income | 121,730 | 500,000 | 621,730 | 113,009 | ||||
| ~E* e dit eo: | ||||||||
| Charitable activities |
5 | 130,436 | 130,436 | 306,824 | ||||
| Net gains/(losses) | on investments | 334,683 | 334,683 | 648,887 | ||||
| Net incoming/(outgoing) | resources before transfers | (8,706 | 834,683 | 825,977 | 455,072 | |||
| Gross transfers | between | funds | ||||||
| Net movement | in funds | (8,706) | 834,683 | 825,977 | 455,072 | |||
| Reconciliation | of | funds: | ||||||
| Total funds brought forward | 403,955 | 3,564,521 | 3,968,476 | 3,513,404 | ||||
| Total funds carried forward | 395,249 | 4,399,204 | 4,794,453 | 3,968,476 |
| Summary Inco |
me and Expenditure Account f |
or the Year Ended 31 March 2022 | |
|---|---|---|---|
| All income funds | |||
| 2022 | 2021 | ||
| f. | |||
| Gross income | 121,730 | 113,009 | |
| Total expenditure | from income funds | 130,436 | 306,824 |
| Net (expenditure) | for the year | (8,706) | (193,815) |
| The Hargrave Fo Balance Sheet as |
undation at 31 March 2022 |
|||
|---|---|---|---|---|
| Notes | 2022 | 2021 | ||
| Fixed assets | ||||
| Investments | 12 | 4,761,130 | 3,647,720 | |
| Current assets | ||||
| Cash at bank and in | hand | 34,763 | 324,896 | |
| Total current assets | 34,763 | 324,896 | ||
| Creditors: amounts year |
falling due within one | 14 | 1,440 | 4,140 |
| Net current assets | 33,323 | 320,756 | ||
| The total net assets | ofthe charity | 4,794,453 | 3,968,476 | |
| The total net assets | ofthe charity are funded | by the funds ofthe | charity, as follows: | |
| Capitalfunds | ||||
| Endowment funds —general |
4,399,204 | 3,564,521 | ||
| Income Funds | ||||
| Unrestricted funds |
395,249 | 403,955 | ||
| Total charity funds | 4,794,453 | 3,968,476 |
| Statemen | t ofCash Flo | ws for t | he | Year Ended 31 | March 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | 2022 | 2021 | |||||||
| R | |||||||||
| Cash flows from operating | activities | ||||||||
| Cash generated from/(absorbed by) |
operations | 17 | 366,864 | (306,824) | |||||
| Investing | activities | ||||||||
| Purchase | of investments | (778,727) | |||||||
| Interest and dividends received |
121,730 | 113,009 | |||||||
| Net cash | generated from |
investing | activities | (656,997) | 113,009 | ||||
| Net cash | used in financing | activities | |||||||
| Net decrease in cash and |
cash equivalents | (290,133) | (193,815) | ||||||
| Cash and | cash equivalents | at beginning | ofyear | 324,896 | 518,711 | ||||
| Cash and | cash equivalents | at end | of | year | 34,763 | 324,896 |
| Donations | and legacies | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| 2022 | 2021 | |||
| f | ||||
| Donations | and gifts, including | Endowments | 500,000 | |
| Investments | ||||
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| 2022 | 2021 | |||
| f | ||||
| Dividends | 121,700 | 112,827 | ||
| Interest on | cash deposits | 30 | 182 | |
| 121,730 | 113,009 |
| Charitable | activiti | es | ||
|---|---|---|---|---|
| Research and | Research and | |||
| welfare | welfare | |||
| 2022 | 2021 | |||
| f | ||||
| Grant funding | ofactivities (see note 6) | 126,000 | 301,250 | |
| Share ofgovernance | costs (see note 7) | 4,436 | 5,574 | |
| 130,436 | 306,824 | |||
| Analysis by |
fund | |||
| Unrestricted | funds | 130,436 | 106,824 | |
| Restricted funds | 200,000 | |||
| 130,436 | 306,824 |
| Research and | Research and | ||
|---|---|---|---|
| welfare | welfare | ||
| 2022 | 2021 | ||
| Grants to | institutions: | ||
| The Virtual | Doctors | 10,000 | 10,000 |
| University | ofEast Anglia | 30,000 | 30,000 |
| Other institutions | 86,000 | 261,250 | |
| 126,000 | 301,250 |
| Governance costs |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| f | |||
| Audit fees | 3,140 | ||
| Non audit fees | 1,440 | 1,000 | |
| I egal and professional | fees | 367 | 367 |
| Bank and broker charges | 2,629 | 1,067 | |
| 4,436 | 5,574 |
| 2022 | 2021 |
|---|---|
| Number | Number |
| 11 | Net gains/(losses) on |
investments | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| (Losses)/gains on listed |
investments | 334,683 | 648,887 | |
| 12 | Fixed assets investments | |||
| Listed | ||||
| investments | ||||
| F | ||||
| Cost or valuation | ||||
| At 1 April 2021 | 3,647,720 | |||
| Additions | 778,727 | |||
| Valuation changes |
334,683 | |||
| At 31 March 2022 | 4,761,130 | |||
| Carrying amount |
||||
| At 31 March 2022 | 4,761,130 | |||
| At 31 March 2021 | 3,647,720 | |||
| Fixed asset investments | revalued |
| Analysis of net as |
sets bet | ween funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Unrestricted | Endowment | ||||
| fund | funds | Totalfunds | fund | funds | Total funds | ||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| E | |||||||
| Fund balances at 31 | March | ||||||
| 2022 are represented | by: | ||||||
| Investments | 361,926 | 4,399,204 | 4,761,130 | 83,199 | 3,564,521 | 3,647,720 | |
| Current assets/(liabilities) | 33,323 | 33,323 | 320,756 | 320,756 | |||
| 395,249 | 4,399,204 | 4,794,453 | 403,955 | 3,564,521 | 3,968,476 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| F. | E | |||||||
| Surplus for the year |
825,977 | 455,072 | ||||||
| Adjustments for: |
||||||||
| Investment | income recognised | in | statement | offinancial | activities | (121,730) | (113,009) | |
| Fair value | gains and losses on | investments | (334,683) | (648,887) | ||||
| Movements | in working | capital: | ||||||
| Decrease | in creditors | |||||||
| Cash generated from/(absorbed |
by) operations | 366,864 | ~306,824 |