# # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |uring the|year and their va|year and their va|rious teams:||||| |---|---|---|---|---|---|---|---| |Care Fund|Committee||Chairman:
Nick Luckett||||| ||||Gill Parkes (Secretary),
Lynn Kennedy,
Sally Arbuthnott,|Diana|Brimblecombe,||Sue| ||||Daglish
(until 31December 2020), Rosemary
Farmer, John Goodson, Judy Halsey,||||| ||||Di McCurley,
Alison Neville,
Richard Nichols, Cheryl Noakes (until 31December||||| ||||2020), Julia Pryor, Joy Reynolds,
Val Salkeld, Michael Snowden||and Sarah Holmes.||| |Home Visits Team|||Leader: Nick Luckett; Treasurer:
Jim McGown; Secretary:|Catherine
Edwards and|||| ||||the team ofsix home visitors.||||| |Christmas|Appeal|Team|Leader: Lynn Kennedy; Team members: James Johnson,|Joss McGregor and||Sarah|| ||||Jane Cooley||||| ||||Area Organisers:
Selena Greaney, Andrew
Waldrum,
Janet Blanchard,
Sarah||||| ||||Vickers, Phil Murray, Joss McGregor,
Lin Cotton, Sarah Jane Cooley, Graham||||| ||||Westwell,
Ken Scott, Christine
Darby, Christine
Walden,|Maria|O'Loughlin,|Karen|| ||||Blackwell, Steve Maynard,
Jenny Wiles.||||| |People|||Director: Pat Ring; James Johnson
(volunteer
manager),|lain Pritchard
(Workplace|||| ||||administrator)
and Lucinda Tonathy
(training officer).||||| |Youth &Schools Team|||Leader: Joy Reynolds.||||| |Utilities Team|||Leader: Michael Snowden
and his team ofvolunteers||||| |Christmas|Parcels|Team|Leader: Di McCurley and her team ofvolunteers.||||| |Offic Administration|||Leader Val Salkeld and her team ofvolunteers.||||| |Team|||||||| |Coffee Mornings||Team|Leader: Judy Halsey and her team ofvolunteers||||| |Befriending Team|||Leader: Sally Arbuthnott
and her team of70volunteers;||||| |Senior Outings Team|||Joint Leaders: Cheryl
Noakes, Sue Daglish
(until 31December||2020),Joy Reynolds||| ||||(from 31December 2020)||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Richard Nichols|Chairman||||||| |---|---|---|---|---|---|---|---| |Dennis Andrews|Chairman|ofProperty Committee|||||| |Roona Ellis|Chairman|ofthe Investment||Committee|and the|Audit &Governance|Committee| |John FGoodson|Finance Director and Member ofthe Investment|||||Committee|| |Nick Luckett|Care Fund|chairman|||||| |Lynn Kennedy|Christmas|Appeal Director|||||| |Pat Ring|People Director||||||| |Nigel Pritchard|Company|Secretary|||||| |ose serving for part ofthe year were:|||||||| |Steve Pryor|Appointed|11November|2020||||| |Rodger Livesey|Resigned|11November|2020||||| |Norman
Hoare|Resigned|11November|2020||||| |Jan Seager|Resigned|11November|2020||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||2021|||2020| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||Unrestricted||Restricted||| ||||||||Notes|funds||Funds|Total|Total| |||||||||f||f|f|f| |Income from:||||||||||||| |Donations||||||||19,453|||19,453|10,298| |Legacies||||||||72|||72|103,259| |Christmas
Appeal and|Gift Aid|||||||65,291|||65,291|55,123| |Charitable
activities:||||||||||||| |Hall hire, including|grants|||||||29,278|||29,278|47,787| |Investment
Income||||||||118,408||10,439|128,847|156,662| |Funds transferred
from Harpenden|||||Seniors Forum|||3,807|||3,807|| |Other income||||||||18,977|||18,977|| |Total income||||||||255,286||10,439|265,725|373,129| |Expenditure
on:||||||||||||| |Raising funds:||||||||||||| |Christmas
Appeal|and|other income||||||6,487|||6,487|2,724| |Investment
management|||and review fees|||||21,280||1,879|23,159|19,009| |Charitable
activities:||||||||||||| |Grants payable||||||||106,962|||106,962|185,472| |Expenditure
on charitable||||activities||||35,346|||35,346|20,123| |Direct costs —Hall|hire|||||||30,910|||30,910|44,644| |Support costs||||||||26,926|||26,926|38,389| |Total expenditure||||||||227,911||1,879|229,790|310,361| |Net income before gains|on investments|||||||27,375||8,560|35,935|62,768| |Net gains/(losses)
on investments:||||||||||||| |Realised gains on sale|ofinvestments||||||13|136,031||12,030|148,061|37,561| |Unrealised
gains/(losses)||on revaluation||||ofinvestments|13|1,214,228||107,383|1,321,611|(489,601)| |||||||||1,350,259||119,413|1,469,672|(452,O4O)| |Net income/expenditure|for|year||before transfers||||1,377,634||127,973|1,505,607|(389,272)| |Transfer between
funds||||||||8,560||(8,560)||| |Net movement
in funds for year|||- carried forward|||||1,386,194||119,413|1,505,607|(389,272)| ## ## ||||||2021|||2020| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|||| ||||~Ntes|funds||funds|Total|Total| |||||E||E|E|E| |Net movement|in funds for year - brought forward|||1,386,194||119,413|1,505,607|(389,272)| |Movements
in|year|||||||| |Funding
movement|||16|1,350,331||119,413|1,469,744|(348,781)| |Income and|Expenditure|movement|16|35,863|||35,863|(40,491)| |Reconciliation|of Funds|||1,386,194||119,413|1,505,607|(389,272)| |Funds brought
forward||at 1st April 2020||||||| |Funding|||16|4,707,472||414,572|5,122,044|5,470,825| |Income|and Expenditure||16|36,208||7,683|43,891|84,382| |||||4,743,680||422,255|5,165,935|5,555,207| |Balance at 31st March||2021||||||| |Funding|||16|6,057,803||533,985|6,591,788|5,122,044| |Income|and Expenditure||16|72,071||7,683|79,754|43,891| |||||E 6,129,874|E|541,668|E 6,671,542|E 5,165,935| ## ## ||||||||||2021|||2020| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||Unrestricted||Restricted||| ||||||||Notes|funds||funds|Total|Total| |||||||||f||f|f|f| |Fixed assets||||||||||||| |Tangible|assets||||||12|16,739|||16,739|20,567| |Investments|||||||13|5,961,613||527,225|6,488,838|5,041,828| |Total fixed assets||||||||5,978,352||527,225|6,505,577|5,062,395| |Current assets||||||||||||| |Debtors|||||||14|952||81|1,033|3,914| |Cash, Treasury|||deposits|||and bank balances||164,305||14,870|179,175|116,585| |||||||||165,257||14,951|180,208|120,499| |Liabilities:||||||||||||| |Creditors:|amounts|||falling due in one year|||15|(13,735)||(508)|(14,243)|(16,959)| |Net current|assets|||||||151,522||14,443|165,965|103,540| |Total assets|less|current|||liabilities|||||||| |and Total net assets||||||||f 6,129,874|f|541,668 f 6,671,542||f 5,165,935| |Funds||||||||||||| |Funding|with|investments||||at cost|16|4,372,787||415,095|4,787,882|4,569,154| |Revaluation||reserve|||||16/17|1,685,016||118,890|1,803,906|552,890| |Total Funding|||||||16|6,057,803||533,985|6,591,788|5,122,044| |Income|and|Expenditure|||||16|72,071||7,683|79,754|43,891| |Total funds||||||||f 6,129,874|f|541,668 f 6,671,542||f 5,165,935| ## ## |||||2021||2020| |---|---|---|---|---|---|---| |||||E||f| |RECONCILIATION
OF NET|INCOME/(EXPENDITURE)|||||| |TO NET CASH FLOW FROM OPERATING ACTIVITIES||||||| |Net income/(expenditure)|for the year (page 20)|||1,505,607||(389,272)| |Adjustments
for:||||||| |Net losses/(gains)
on investments|||(1,469,672)|||452,040| |Depreciation
charge||||3,828||3,828| |Investment
income||||(128,847)||(156,662)| |Decrease/(Increase)
in|debtors|||2,881||6,129| |(Decrease) in creditors||||(2,716)||(3,509)| |Net cash (absorbed)
in operating
activities||||(88,919)||(87,446)| |CASH FLOWS FROM INVESTING ACTIVITIES||||||| |Investment
income||||128,847||156,662| |Purchases ofinvestments|||(1,248,736)||(1,060,959)|| |Sales ofinvestments||||1,208,573||1,085,773| |Net cash generated
by investing
activities||||88,684||181,476| |Change
in cash and cash|equivalents|in the||||| |reporting
period||||(235)||94,030| |Cash and cash equivalents|at 31st March 2020|||292,445||198,415| |Cash and cash equivalents|at 31st March 2021:|||||| |Cash at bank and with|investment|adviser|E|292,210|E|292,445| |Comprising:||||||| |Cash at bank (page 22)||||179,175||116,585| |Cash held in investment|portfolio|(page 29, note 13)||113,035||175,860| ||||E|292,210|E|292,445| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Christmas
Appeal and|other in|c|ome|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||2021|||||2020| ||||||Unrestricted||~Restri ted|||||| |||||||Funds||Funds||Total||Total| |||||||f||f||f||f| |Christmas
Appeal,|including||Gift Aid|||64,678||||64,678||54,646| |Gift Aid, recovered|on other||donations|||613||||613||477| ||||||E|65,291|E|-|E|65,291|E|55,123| |No restricted
fund|income was received|||in 2020.||||||||| |Investment
income||||||||||||| ||||||||2021|||||2020| ||||||Unrestricted||Restricted|||||| |||||||Funds||Funds||Total||Total| |||||||f||f||f||f| |UK listed equity investments||||||72,256||6,390||78,646||92,463| |UK fixed and variable interest stocks||||||18,541||1,640||20,181||20,378| |Overseas listed equity investments||||||21,931||1,939||23,870||37,396| |Overseas fixed and|variable|interest stocks||||5,311||470||5,781||5,781| |Brokers Interest||||||||||||230| |||||||118,039||10,439||128,478||156,248| |Bank interest||||||369||||369||414| ||||||E|118,408|f|10,439|E|128,847|E|156,662| |Restricted
Fund income ofE12,844 is included|||||in the total income|off156,662 in||2020.||||| |Grants payable||||||||||||| ||||||||2021|||||f020| ||||||Unrestricted||Restricted|||||| |||||||Funds||Funds||Total||Total| |||||||f||f||f||f| |Payable to individuals:||||||||||||| |Grants (475 recipients)||||||22,218||||22,218||41,512| |Utilities grants (79|recipients)|||||22,771||||22,771||22,595| |Christmas
parcels (140recipients)||||||2,340||||2,340||2,561| |Youth grants (4 recipients)||||||1,486||||1,486||9,920| |Total grants to individuals||||||48,815||||48,815||76,588| |Donations to organisations||(note 6)||||58,147||||58,147||108,884| ||||||f|106,962|||f|106,962|E|185,472| ## ## |ations to organisations
(note|5)||||||| |---|---|---|---|---|---|---|---| |||||2021|||2020| |||Unrestricted||Restricted|||| ||||Funds|Funds||Total|| ||||f|f||f|| |The following
single donations|were made:||||||| |Batford Memorial
Hall|||||||5,480| |Batford Springs Volunteer|||||||7,400| |Crabtree Schools PTA|||||||10,000| |1st Harpenden
(Methodist)|Scout Group||||||8,000| |Friends ofSauncey Wood|||||||9,700| |Friends ofRoundwood
Primary School|||12,995|||12,995|| |Harpenden
Rovers Youth Football Club|||3,195|||3,195|4,000| |Harpenden
MENCAP|||||||4,369| |Harpenden
Swimming
Club|||3,000|||3,000|| |High Beeches School|||10,000|||10,000|4,000| |Highfield
Preschool
PTA|||5,000|||5,000|| |Hornbeam
Wood Hedgehog|Sanctuary||4,150|||4,150|| |Kitchen Front|||||||5,590| |Lea School Association|||12,000|||12,000|7,800| |Pop-up Pottery|||||||3,858| |St Nicholas
Primary School|PTA||918|||918|10,000| |United
Reform Church,
Harpenden|||||||10,000| |Other organisations:
under f3,000 each|||6,889|||6,889|18,687| |||E|58,147||E|58,147|E 108,884| ## |||||||2II21||||2020| |---|---|---|---|---|---|---|---|---|---|---| |||||Unrestricted||Restricted||||| ||||||Furlds|Funds||Total||Total| ||||||f|f||f||f| |Coffee mornings|||||79|||79||260| |Lunch transport||||||||||823| |Children's
Outing (54 recipients)|||||2,287|||2,287||3,243| |Coach outings S.tea party costs (115recipients)|||||2,621|||2,621||3,529| |Furniture
services (34recipients)|||||9,862|||9,862||10,804| |Wheelchairs|(12recipients)||||223|||223||250| |Vaccination|Centre||||9,965|||9,965||| |'Harpenden|Cares'||||10,309|||10,309||1,214| |||||E|35,346|E|E|35,346|E|20,123| |There was|no restricted|fund expenditure|on charitable|activities|in 2020.|||||| ## |||||||2021||||2020| |---|---|---|---|---|---|---|---|---|---|---| |||||Unrestricted||Restricted||||| ||||||Funds|Funds||Total||Total| ||||||f|f||f.||f| |Trust|Centre|costs and maintenance|||27,082|||27,082||40,816| |Trust|Centre|depreciation|(note 12)||3,828|||3,828||3,828| |||||f|30,910||f|30,910|f|44,644| ## ## ## ## ## ## |Investments||||||| |---|---|---|---|---|---|---| ||||~un estricted||Restricted|| ||||Funds||Funds|Total| ||||E||E|E| |Movement||||||| |Market value|at 1st April 2020||4,632,174||409,654|5,041,828| |Management|fees paid||(20,820)||(1,842)|(22,662)| |Realised gains|on investments||136,031||12,030|148,061| |Unrealised
gains on revaluation||of investments|1,214,228||107,383|1,321,611| |Market value|at 31st March 2021||E 5,961,613|E|527,225|E 6,488,838| ||||||||2021||||2020| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted||Restricted||||| ||||||Funds||Funds||Total||Total| ||||||E||E||E||E| |Market value|||||||||||| |UK listed|equity investments||||1,897,740||167,830||2,065,570||2,113,314| |UK fixed|interest government||stocks||165,023||14,594||179,617||361,838| |UK variable||interest company|bonds||306,051||27,066||333117||369,077| |UK Property||and Infrastructure|funds||393,937||34,838||428,775||362,325| |Overseas|listed equity investments||||2,972,405||262,869||3,235,274||1,641,164| |Overseas|variable interest company|||bonds|122,607||10,843||133,450||18,250| |Cash|||||103,850||9,185||113,035||175,860| |Total investments|||||5,961,613|E|527,225|E|6,488,838|E|5,041,828| |ebtors|||||||||||| |||||||2021|||||2020| ||||||Unrestricted||Restricted||||| ||||||Funds||Funds||T~ot
I||Total| ||||||E||E||E||E| |Taxation|recoverable||||30||||30||| |Dividends|receivable||||922||81||1,003||3,051| |Prepayment|||||||||||857| ||||||952|E|81|E|1,033|E|3,914| ## |editors:|amounts
falling due within on|e year|||||| |---|---|---|---|---|---|---|---| ||||2021||||2020| |||Unrestricted|Restricted||||| |||Funds|Funds||Total||Total| |||E|E||E||E| |Expense|accruals|13,735|508|E|14,243|E|16,959| ||||THE HARPENDEN|THE HARPENDEN|TRUST|||| |---|---|---|---|---|---|---|---|---| |NOTES FORMING||PART OF THE|FINANCIAL STATEMENTS FOR THE|||YEAR ENDED|31STMARCH 2021|| ||||(continued)|||||| |16.Funds||||||||| |||||||Unrestricted|Restricted|| ||||Co~munity||Care|Total|Gibbons|Total| ||||Fund||Fund|Funds|Fund|Funds| ||||E||E|E||E| |Fund balances at 1st April 2020||||||||| |Funding||||||||| |Funding
with investments||at cost|2,928,615|1,243,210||4,171,825|397,329|4,569,154| |Revaluation
reserve|||577,538||(41,891)|535,647|17,243|552,890| |Total Funding|||3,506,153|1,201,319||4,707,472|414,572|5,122,044| |Income and Ex enditure||||||||| |Surplus/(Deficit)|||165,273||(129,065)|36,208|7,683|43,891| |Total Funds brought forward||(page 21)|3,671,426|1,072,254||4,743,680|422,255|5,165,935| |Movements
in year||||||||| |~Fundin||||||||| |Legacies|||||72|72||72| |Realised investment
gains|||107,172||28,859|136,031|12,030|148,061| |Transfer: Realised gains|||51,099||13,760|64,859|5,736|70,595| |Total Funding
with investments
at cost|||158,271||42,691|200,962|17,766|218,728| |Unrealised
investment|gains||956,634||257,594|1,214,228|107,383|1,321,611| |Transfer: Realised gains|||(51,099)||(13,760)|(64,859)|(5,736)|(70,595)| |Total Funding
Revaluation||Reserve|905,535||243,834|1,149,369|101,647|1,251,016| |TotalFunding|||1,063,806||286,525|1,350,331|119,413|1,469,744| |Income and Ex endIture||||||||| |Surplus|||8,208||27,655|35,863||35,863| |Total Funds Movement|in year (page 21)||1,072,014||314,180|1,386,194|119,413|1,505,607| |Funds balances at 31st March 2021||||||||| |F~undin||||||||| |Funding
with investments||at cost|3,086,886|1,285,901||4,372,787|415,095|4,787,882| |Revaluation
reserve|||1,483,073||201,943|1,685,016|118,890|1,803,906| |Total Funding|||4,569,959|1,487,844||6,057,803|533,985|6,591,788| |Income and
E
enditure||||||||| |Surplus/(Deficit)|||173,481||(101,410)|72,071|7,683|79)754| |Total Funds carried forward||(page 21)|E 4,743,440 E 1,386,434|||E 6,129,874|541,668|E 6,671,542| ## ## ## ## ||||||||E| |---|---|---|---|---|---|---|---| |At 1st April|2020||||||552,890| |Unrealised|investment||revaluation|gains for year (note 13)|||1,321,611| |Release of|reserve|in respect of realised investment|||gains||| |ofthe year (note||16)|||||(70,595)| ||||||||1,251,016| |At 31st March 2021(see note 16)||||||E|1,803,906| ## ##