| for the year ended 31 | Dece | Dece | mber 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted Funds 2022 8 |
Restricted Funds 2022 F |
Total Funds 2022 8 |
Unrestricted Funds 2021 8 |
Restricted Funds 2021 |
Total Funds 2021 8 |
||
| Income from | ||||||||
| Donations 5 grants Charitable activities Other activities investments Other |
38,700 203,170 73,119 204,304 11,049 |
29,408 436 |
68,108 203,170 73,119 204,740 11,049 |
22,938 192,162 67,005 171,614 16,490 |
18,723 425 |
41,661 192,162 67,005 172,039 16,490 |
||
| Total income | 530,342 | 29,844 | 560,186 | 470,209 | 19,148 | 489,357 | ||
| Expenditure on |
||||||||
| Raising funds: | 7 | 37,509 | 37,509 | 38,237 | 38,237 | |||
| Charitable activities: |
||||||||
| Housing Advice Services Grant giving Cost of Charitable |
273,692 167,393 127,649 |
31,534 | 273,692 198,927 127,649 |
239,275 153,402 125,288 |
18,737 | 239,Z75 172,139 125,288 |
||
| activities | 15 | 568,734 | 31,534 | 600,268 | 517,965 | 18,737 | 536,702 | |
| Total expenditure | 606,243 | 31,534 | 637,777 | 556,202 | 18.737 | 574,939 | ||
| Net (loss)/gain before |
||||||||
| gains on investments | (75,901) | (1,690) | (77,591) | (85,993) | 411 | (85,582) | ||
| Net (losses)/gains on |
12 | (955,471) | (1,920) | (957,391) | 951,459 | 2059 | 953,518 | |
| Net gain on investment | ||||||||
| land | 6,198,652 | 40,520 | 40,520 | |||||
| Net income for the | ||||||||
| year | 9 | 5,167,280 | (3,610) | 5,163,670 | 905,986 | 2,470 | 908,456 | |
| Balances at 1 January | 11,037,615 | 24,581 | 11,062,196 | 10,131,629 | 22,111 | 10,153,740 | ||
| Balances at 31 December | 16,204,895 | 20,971 | 16,225,866 | 11,037,615 | 24,581 | 11,062,196 |
| Bala | nce Sheet | as at 3 | 1 De | cember 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| Notes | 2022 | 2022 | 2022 | 2027 | 2021 | 2021 | |||
| 2 | 6 | 2 | 6 | ||||||
| Fixed | Assets | ||||||||
| Tangible fixed | assets | 16 | 2,508,136 | 2,508,136 | 2,562,622 | 2,562,622 | |||
| Investments | 17 | 9,688,066 | 12,337 | 9,700,403 | 8,886,623 | 13,820 | 8,900,443 | ||
| 12,196,202 | 12,337 | 12,208,539 | 17,449,245 | 73,820 | 71,463,065 | ||||
| Current Assets | |||||||||
| Cash | Debtors 18 at bank and in hand |
3,990,287 108,368 |
— 8,635 |
3,990,287 117,003 |
68,098 62.463 |
~t0.76' | 68,098 73,225 |
||
| 4,098,655 | 8,635 | 4,107,290 | 730,561 | 70,762 | 741,323 | ||||
| Creditors: amounts | |||||||||
| falling due within one | 19 | (89,963) | — | ( 89,963) | (542,192) | — | (542,192) | ||
| year | |||||||||
| Net current (liabilities) |
4,008,692 | 8,635 | 4,017,327 | (411,631) | 10,762 | (400,869) | |||
| Total | Net Assets | 16,204,894 | 20,972 | 16,225,866 | 11,037,614 | 24,582 | 11,062,196 | ||
| Funds | |||||||||
| General reserve | 95,337 | 95,337 | 58,142 | 58,142 | |||||
| Designated | funds | 16,109,557 | 16,109,557 | 10,979,472 | - | 10,979,472 | |||
| Total unrestricted | funds | 16,204,894 | 16,204,894 | 17,037,674 | 71,037,614 | ||||
| Restricted | funds | 20,972 | 20,972 | 24,582 | 24,582 | ||||
| 21 | 16,204,894 | 20,972 | 16,225,866 | 77,037674 | 24,582 | 17,062,196 |
| the v ). |
alue | ofthe food donat | ed. An equiva |
lent expendi |
|---|---|---|---|---|
| 2022 | 2021 | |||
| donations | 25,702 | 16,001 | ||
| grants | from | other charities | 32,271 | 15,750 |
| gifts in kind | 10135 | 9,910 | ||
| 68,108 | 41,661 |
| 5 Charitable activities costs |
5 Charitable activities costs |
5 Charitable activities costs |
5 Charitable activities costs |
5 Charitable activities costs |
5 Charitable activities costs |
5 Charitable activities costs |
|---|---|---|---|---|---|---|
| Accounting policy: Resources expended are recognised in the period in which they are incurred and include irrecoverable VAT where applicable. Resources are allocated to the particular activity where the cost relates directly to an activity. Salary costs are allocated on the basis of hours worked. Support and governance costs are allocated based on an estimate of staff time. |
||||||
| Year to 31 December 2022 Housing |
Advice Services |
Grant Giving | 2022 Total |
|||
| Costs directly allocated to activities | 2 | 2 | ||||
| Grants over E1,000 Smaller grants Property Maintenance 225,248 Personnel costs 26,391 |
54,515 96,079 |
23,224 6,652 68,271 |
23,224 61,167 225,248 190,741 |
|||
| Training | ||||||
| food bank gifts in kind Support costs allocated to activities |
10,135 | 10,135 | ||||
| Professional fees 13,802 Insurance 1,228 Irrecoverable VAT Office admin costs 3,439 ITcosts 1,752 Governance costs |
4,470 8,160 12,519 6,377 |
3.176 8,160 8,895 4,530 |
13,802 8,874 16,320 24,853 12,659 |
|||
| Audit &other finance costs 1,832 273,692 |
6,672 198,927 |
4,74 I 127,649 |
13,245 600,268 |
|||
| Year to31December 2021 Housing 6 Costs directly allocated to activities |
Advice Services |
Grant | Giving | 2021 Total 2 |
||
| Grants over 21,000 Smaller grants Properly Maintenance Personnel costs Training food bank gifts in kind Support costs allocated to activities |
38,831 88,952 229 9,910 |
26,004 5,714 66,097 228 |
26,004 44,545 178,700 180,863 546 9,910 |
|||
| Professional fees 26,798 Insurance 1,023 Irrecoverable VAT Office admin costs 3,763 ITcosts 1,627 Governance costs |
3,525 7,088 12,968 5,602 |
2,619 7,088 9,636 4,162 |
26,798 7,167 14,176 26,367 11,391 |
|||
| Audht & other finance costs 1,461 |
5,034 | 3,740 | 10,235 | |||
| 239,275 | 172,139 | 125,288 | 536,702 |
| Land & | Office | ||
|---|---|---|---|
| Buildings | Equipment | ||
| Costs | |||
| As at 1 January 2022 | 3,445,065 | 15,025 | 3,460,090 |
| Additions | 15,328 | 15,328 | |
| As at 31 December 2022 | 3,460,393 | 15,025 | 3,475,418 |
| Depreciation | |||
| As at 1 January 2022 | 882,443 | 15,025 | 897,468 |
| Charge for year | 69,814 | 69,814 | |
| As at 31 December 2022 | 952,257 | 15,025 | 967,282 |
| NBV at 31 December 2022 | 2,508,136 | 2,508,136 | |
| NBV at 31 December 2021 | 2,562,622 | 2,562,622 |
| The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
The Nursery is considered to be held as a fixed asset investment property, is stated not depreciated. The Trustees, taking professional advice, valued the property at 31 best estimate of market value using a calclulation which is based on rental income. reason to believe the valuation would have changed materially subsequently. |
at market value and is December 2016 at their The Trustees have no |
at market value and is December 2016 at their The Trustees have no |
|
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Investment property |
|||||||||
| Opening value |
675,000 | 675,000 | |||||||
| Market value at 31 December | 675 000 | 675,000 | |||||||
| Portfolio | held with investment manager |
||||||||
| Opening value |
7,764,739 | 6,987,039 | |||||||
| Additions at cost Disposais at carrying value Unrealised gains/ on revaluation 2,172,914 ( 1,108,277) ~831,346 |
1,779,403 (1,843,360) 841,657 |
||||||||
| Market value at 31 December | 7,998,030 | 7,764,739 | |||||||
| Cash | 790,843 | 223,360 | |||||||
| Total value at 31 December | 8,788,873 | 7,988,099 | |||||||
| 2022 | 2021 | ||||||||
| UK equities Fixed interest Overseas equities |
1,876,031 906,795 4,024,862 |
3,368,057 590,860 3,137,666 |
|||||||
| Other | 1,190,342 | 668,156 | |||||||
| Cash held within the portfolio | 790,843 | 223,360 | |||||||
| 8,788,873 | 7,988,099 | ||||||||
| Other quoted Investment Funds |
|||||||||
| Opening value |
237,344 | 210,135 | |||||||
| U | * | Capitalised income 7,602 ll 611 I/3 1 1 1'* ~8,416 Market value at 31 December 236,530 |
5,946 21,263 237,344 |
||||||
| Total valuation at 31 December |
9,700,403 | 8,900,443 | |||||||
| Total cost at 31 December | 7,787,212 | 6,481,176 | |||||||
| No | investments | represent more than 5%ofthe market value ofthe |
portfolio at year | end. |
| Accounting policy: ofthe objects ofthe particular purposes. |
Unrestricted funds are available for use at charity. Designated funds are unrestricted Restricted funds are subject to restrictions |
Unrestricted funds are available for use at charity. Designated funds are unrestricted Restricted funds are subject to restrictions |
the discretion ofthe Trustees in furtherance funds earmarked by the Trustees for on their spending, imposed by the donor. Realised 8 |
the discretion ofthe Trustees in furtherance funds earmarked by the Trustees for on their spending, imposed by the donor. Realised 8 |
the discretion ofthe Trustees in furtherance funds earmarked by the Trustees for on their spending, imposed by the donor. Realised 8 |
the discretion ofthe Trustees in furtherance funds earmarked by the Trustees for on their spending, imposed by the donor. Realised 8 |
|---|---|---|---|---|---|---|
| Unrestricted Funds |
Incoming Resources Resources Expended f |
unreali sed gains & (losses) f |
Transfers f |
Balance at 31 December 2022 |
||
| General reserve Designated Funds |
58,142 | 529,714 (419,979) |
70,726 | ( 143,266) | 95,337 | |
| Capital Reserve Charitable Projects Cyclical Maintenance Extraordinary Repairs Mordante House Repairs Restricted Funds |
10,765,721 27,114 131,125 30,959 24,553 10,979,472 |
628 ( 69,814) ( 29,876) ( 37,903) ( 25,410) ( 23,260) 628 ( 186,264) |
5,171,348 91 1,015 5,172,455 |
12,680 37,762 18,432 36,392 38,000 143,266 |
15,879,935 35,000 111,745 43,584 39,293 16,109,557 |
|
| Other restricted income Spicer Fund |
10,762 13,820 24,582 |
29,408 ( 31,534) 436 29,844 ( 31,534) |
( 1,920) ( 1,920) |
8,636 12,336 20,972 |
||
| 11,062,196 | 560,186 ( 637,777) |
5,241,261 | 16,225,866 | |||
| prior year for comparison Unrestricted Funds |
Balance at 7 January 2021 |
Incoming Resources Resources Expended f |
Realised 8 unreallsed gains 8 (losses) |
Transfers f |
Balance at31 December 2027f |
|
| General reserve Designated Funds |
85,728 | 469,922 ~382,5137 | 40520 ~155576t | 56,t42 | ||
| Capita/ Reserve Charitable Projects Cyclical Maintenance Extraordinary Repairs Mordanfe House Repairs 9, 797,708 52639 135,985 27,763 32,405 10,045,900 Restricted Funds |
(68, 792) (31,718) (33,497) 287 (23,837) ~t5,852 287 ~tt73,890 |
926,306 10,199 74,954 957,459 |
110,499 6,793 18,432 72,392 8,000 155,516 |
10,765,727 27,114 131,125 30,959 24,553 70,979,472 |
||
| Other restricted income Spicer Fund |
10,246 77,866 |
18,723 ( 78,207) 425~530 |
2,059 | 70,762 13820 |
||
| 22,172 | 19,148 ( 18,737) |
2,059 | 24j582 | |||
| 10,153,741 | 489,357 (574,940) |
994,038 | 17,062,796 |
| Company | number | 6045630 | Charity number | Charity number | Charity number | 1118574 | 1118574 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Registered | Office | John Huntingdon | Centre | |||||||
| 189High Street | ||||||||||
| Sawston CB223HJ | ||||||||||
| Trustees | who are also directors under company date of this report were as follows: |
law, who | served during | the year and up to the | ||||||
| David Baslington | ||||||||||
| Tom Butler | ||||||||||
| Eleanor Clapp | ||||||||||
| Kieran Cooper | Vice Chair | |||||||||
| Reg Cullum | ||||||||||
| Sandra Davidson | Chair | |||||||||
| Holger Grundel | ||||||||||
| Chris Ingham | ||||||||||
| Sue Reynolds | ||||||||||
| Sue Snape | ||||||||||
| Kathryn Waite |
||||||||||
| Key management | ||||||||||
| personnel | Jill Hayder. | Charity Manager 8 Company | Secretary | |||||||
| Auditors | Saffery Champness | LLP | Suite 12, Westpoint, | Peterborough | Business Park | |||||
| Peterborough | PE2 6FZ | |||||||||
| Solicitors | Taylor Vinters | Merlin Place | ||||||||
| Investment | Cambridge | CB40DP | ||||||||
| Advisers | Rathbones | Finsbury Circus |
||||||||
| London W1J | SUB | |||||||||
| Insurance | ||||||||||
| Brokers | Gibbs Denley | Crystal House | ||||||||
| Swavesey CB4 | 5UG | |||||||||
| Bankers | Barclays Bank | pic | Woollards Lane |
|||||||
| Gt Shelford CB22 SNA | ||||||||||
| Co-operative Bank |
PO Box250 | |||||||||
| Skelmersdale | WN8 | 6WT | ||||||||
| CAFcash | West Mailing | |||||||||
| Sussex ME194JQ |
| Governance | & HR | Kieran Cooper Sandra Davidson |
Staff: Jill Hayden | Staff: Jill Hayden | Staff: Jill Hayden | and Trudy Carder |
|---|---|---|---|---|---|---|
| Holger Grundel | ||||||
| Chris Ingham | ||||||
| Property & | Land | Tom Butler Eleanor Clapp |
Staff: Jill | Hayden | and Trudy Carder | |
| Kieran Cooper | ||||||
| Reg Cullum | ||||||
| Sue Snape | ||||||
| Grant Giving | Kieran Cooper Sandra Davidson |
Staff: Jill Hayden, | Sarva Babla &Trudy Carder | |||
| Holger Grundel | ||||||
| Chris Ingham | ||||||
| Sue Reynolds | ||||||
| Advice Services | Kieran Cooper Sandra Davidson |
Staff: Jill Hayden, | Sarva Babla &Kay Deering | |||
| Sue Reynolds | ||||||
| Chris Ingham | ||||||
| Finance | Tom Butler Eleanor Clapp |
Staff: Jill Hayden | &Trudy Carder | |||
| Kieran Cooper Reg Cullum |
Accountant: | Hilary | Seaward | |||
| Holger Grundel | ||||||
| Sue Snape |