2022-03-31-accounts

Richard Nichols	Chairman
Dennis Andrews	Property	Director
Roona Ellis	Chairman		ofthe Audit Risk 8 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
Steve Pryor	Community		Fund Chairman

									2022		2021
								Unrestricted	Restricted
							Notes	Funds	Funds	Total	Total
								f		f	f
Income from
Donations								33,066		33,066	19,453
Legacies								100,185		100,185	72
Christmas Appeal and Gift Aid								69,718		69,718	65,291
Charitable activities:
Hall Hire, including	grants and insurance					claim		83,946		83,946	29,278
Other income								1,449		1,449	18,977
Funds transferred	from	Harpenden		Seniors Forum							3,807
Investment income								143,442	12,542	155,984	128,847
Total Income								431,806	12,542		265,725
Expenditure on:
Raising Funds:
Christmas Appeal and other income								2,299		2,299	6,487
Investment management		and	review	fees				26,083	2,276	28,359	23,159
Charitable activities:
Grants payable								139,176		139,176	106,962
Expenditure on	charitable		activities					45,727		45,727	35,346
Direct costs —Hall hire								39,457		39,457	30,910
Support Costs								41,334		41,334	26,926
Total expenditure								294,076	2,276	296,352	229,790
Net income before gains		on investments						137,730	10,266	147,996	35,935
Net gains/ (losses) on investments
Realised gains on sale of		investments					13	71,180	6,723	77,903	148,061
Unrealised gains/(losses)		on revaluation			ofinvestments		13	291,362	25,716	317,078	1,321,611
								362,542	32,439	394,981	1,469,672
Net income/ Expenditure		for	year before			transfers		500,272	42,705	542,977	1,505,607
Transfer between funds								10,266	(10,266)
Net movement in funds		for year - carried				forward		510,538	32,439	542,977	1,505,607

					2022		2021
				Unrestricted	Restricted
			Notes	Funds	Funds	Total	Total
				f	f	f
Net movement		in funds for year —brought forward		510,538	32,439	542,977	1,505,607
Movements	in	year
Funding	movement		16	462,727	32,439	495,166	1,469,744
Income	and	Expenditure	16	47,811		47,811	35,863
				510,538	32,439	542,977	1,505,607
Reconciliation		of Funds
Funds brought		forward at 1"April 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
Balance at	31"March 2022			6,129,874	541,668	6,671,542	5,165,935
Funding			16	6,520,530	566,424	7,086,954	6,591,788
Income	and	Expenditure	16	119,882	7,683	127,565	79,754
				f 6,640,412	f574,107	7,214,519	6,671,542

						2022		2021
					Unrestricted	Restricted
				Notes	Funds	Funds	Total	Total
						f	f
Fixed assets
Tangible assets				12	12,911		12,911	16,739
Investments				13	6,449,033	557,460	7,006,493	6,488,838
Total fixed assets					6,461,944	557,460	7,019,404	6,505,577
Current assets
Debtors				14	1,655	110	1,765	1,033
Cash, Treasury deposits and bank balances					213,704	17,116	230,820	179,175
					215,359	17,226	232,585	180,208
Current liabilities:
Creditors: amounts		falling due in one year		15	(36,891)	(579)	(37,470)	(14,243)
Net current assets					178,468	16.647	195,115	165,965
Total assets less	current	liabilities
Tota I net assets					f6,640,412	f 574,107	f7,214,519	6,671,542
Funds
Funding with	investments		at cost	16	4,761,813	413,648	5,175,461	4,787,882
Revaluation	reserve			16/17	1,758,717	152,776	1,911,493	1,803,906
Total Funding				16	6,520,530	566,424	7,086,954	6,591,788
Income and Expenditure				16	119,882	7,683	127,565	79,754
Total funds					6,640,412	574,107	7,214,519	6,671,542

			2022	2021
			f
RECONCILIATION OF NET INCOME/(EXPENDITURE)
TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(expenditure) for the		year (page 20)	542,977	1,505,607
Adjustments for:
Net losses/(gains) on investments			(394,981)	(1,469,672)
Depreciation charge			3,828	3,828
Investment income			(155,984)	(128,847)
Decrease/ (increase) in debtors			(732)	2,881
(Decrease) in creditors			23,227	(2,716)
Net cash (absorbed) in operating	activities
			18,335	(88,919)
CASH FLOWS FROM INVESTING	ACTIVITIES
Investment income			155,984	128,847
Purchases of investments			(978,275)	(1,248,736)
Sales of investments			976,898	1,208,573
Net cash generated by the investing activities			154,607	88,684
Change in cash and equivalents	in	the
reported period			172,942	(235)
Cash and equivalents at 31March		2021	292,210	292,445
Cash and cash equivalents at31"March 2022:
Cash at bank and with investment		adviser	465,152	292,210
Comprising:
Cash at bank (page 22)			230,820	179,175
Cash held in investment portfolio	(page 29, note 13)		234,332	113,035
			465,152	292,210

							2022			2021
							Unrestricted	Restricted
							Funds	Funds	Total	Total
							f	f		f
Christmas		Appeal,	Including		Gift Aid		68,119		68,119	64,678
Gift Aid,		recovered	on other		donations		1,599		1,599	613
							69,718		69,718	65,291
o restricted		fund income was			received	in 2021.
vestment		income
							2022		2021
							Unrestricted	Restricted
							Funds	Funds	Total	Total
							f	f.	f	f
UK listed		equity investments					85,880	7,461	93,341	78,646
UK fixed	and variable interest stocks						14,372	1271	15,643	20,181
Overseas		listed equity investments					37,778	3340	41,118	23,870
Overseas		fixed and	variable	interest		stocks	5311	470	5,781	5,781
							143,341	12,542	155,883	128,478
Bank interest							101		101	369
							143,442	12,542	155,984	128,847
stricted	Fund income off10,439 is included						in the total income off128,847 in	2021.
ants payable
							2022		2021
							Unrestricted	Restricted
							Funds	Funds	Total	Total
							f	f	f
Payable	to individuals:
Grants (569recipients)							28,932		28,932	22,218
Utilities grants (72			recipients)				23,440		23,440	22,771
Christmas		parcels (150recipients)					2,620		2,620	2,340
Youth Grants (78recipients)							9,789		9,789	1,486
Total grants to individuals							64,781		64,781	48,815
Donations		to organisations		(note 6)			74,395		74,395	58,147
							139,176		138,176	106,962

Donations to organisations (	n	ote	5)
							2022		2021
					Unrestricted		Restricted
						Funds	Funds	Total	Total
						f	f	f	f
The following single donations			were made:
Friends of Roundwood Primary			School						12,995
Harpenden Plus Partnership		of	Schools			6,000		6,000
Harpenden Rovers Youth Football Club									3,195
Harpenden Swimming Club									3,000
High Beeches School									10,000
Highfield Preschool PTA									5,000
Hornbeam Wood Hedgehog		Sanctuary				1,280		1,280	4,150
Lea School Association						9,500		9,500	12,000
Playpark Action Rothamsted						30,000		30,000
Salvation Army						9,353		9,353
Sing from the Heart Harpenden						4,179		4,179
St Nicholas Primary PTA									918
Other organisations: under		f3,000 each				14,083		14,083	6,889
						74,395		74,395	58,147
No restricted fund grants were		paid in 2021.
Expenditure on charitable activities
							2022		2021
					Unrestricted		Restricted
						Funds	Funds	Total	Total
						f	f		f
Seniors Fare						85		85
Wellbeing (80 recipients)						17,574		17,574
Coffee mornings						58		58	79
Children's outing (43 recipients)						2,888		2,888	2,287
Coach outings 5tea party	costs (44 recipients)					2,987		2,987	2,621
Furniture services (39recipients)						14,068		14,068	9,862
Wheelchairs (32 recipients)						435		435	223
Vaccination centre						7,632		7,632	9,965
'Harpenden Cares'									10,309
						45p727		45,727	35,346
There was no restricted fund	expenditure			on charitable	activities	in 2021.
Direct costs —Hall Hire
							2022		2021
					Unrestricted		Restricted
						Funds	Funds	Total	Total
						f	f	f	f
Trust Centre costs and maintenance						35,629		35,629	27,082
Trust Centre depreciation	(note		12)			3,828		3,828	3,828
						39,457		39,457	30,910
There were no restricted fund		direct costs		in 2021.

										Unrestricted		Restricted	Restricted
										Funds			Funds		Total
										f			f		f
	Movement
	Market Value at 1"April 2021									5,961,613			527,225		6,488,838
	Additional Funds invested									150,000					150,000
	Management fees		paid							(25,122)			(2,204)		(27,326)
	Realised	gains on investments								71,180			6,723		77,903
	Unrealised gains on			revaluation		of investments				291,362			25,716		317,078
	Market value at31"March 2022									6,449,033			557,460		7,006,493
	The historical cost of			charity investments				at 31"March 2022 was f5,095,005			(2021f4,684,932).
										2022					2021
										Unrestricted	Restricted
										Funds	Funds			Total	Total
										f	f				f
	Market Value
	UK Listed equity investments									2,416,638	208,897		2,625,535		2,065,570
	UK fixed	interest government				stocks				174,585	15,091			189,676	179,617
	UK variable interest			company		bonds				163,502	14,133			177,635		333,117
	UK Property and Infrastructure					funds				474,079	40,980			515,059		428,775
	Overseas	Index Linked			Fund					158,330	13,686			172,016
	Overseas	listed equity			investments					2,655,828	229,572		2,885,400		3,235,274
	Overseas	variable interest company					bonds		fund	190,383	16,457			206,840		133,450
	Cash									215,688	18,644			234,332		113,035
	Total Investments									6,449,033	557,460		7,006,493		6,488,838
14.	Debtors
										2022					2021
										Unrestricted	Restricted
										Funds	Funds			Total	Total
										f	f				f
	Taxation	recoverable													30
	Dividends receivable									1,270		110		1,380	1,003
	Other Debtors									385				385
										1,655		110		1,765	1,033
	The value	ofdebtors		held on restricted				funds	in 2021 was f81.
15.	Creditors:	amounts	falling due			within	one year
										2022					2021
										Unrestricted	Restricted
										Funds	Funds			Total	Total
										f	f			f	f
	Expense	Accruals								18,891		579		19,470	14,243
	Prepaid	Expenses								18,000				18,000
	Total									36,891		579		37,470	14I243

Funds
							Unrestricted	Restricted
					Community	Care	Total	Gibbons
					Fund	Fund	Funds	Fund	Total Funds
Fund balances at1"April	2021				f	f	f	f
~Fundin
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 Ex enditure
Surplus/ (Deficit)					173,481	(101,410)	72,071	7,683	79,754
Total funds brought forward			(page 23)		4,743,440	1,386,434	6,129,874	541,668	6,671,542
Movements in year
~Fundin
Legacies						100,185	100,185		100,185
Realised investment gains					56,738	14,442	71,180	6,723	77,903
Transfer: Realised gains					153,273	39,013	192,286	17,205	209,491
Total Funding with investments				at cost	210,011	153,640	363,651	23,928	387,579
Unrealised investment gains					232,243	59,119	291,362	25,716	317,078
Transfer: realised gains					(153,273)	(39,013)	(192,286)	(17,205)	(209,491)
Total Funding Revaluation		Reserve			78,970	20,106	99,076	8,511	107,587
Total Funding					288,981	173,746	462,727	32,439	495,166
Income and Ex enditure
Surplus					121	47,690	47,811		47,811
Total Funds Movement in		year		(page
23)					289,102	221,436	510,538	32,439	542,977
Funds balances at 31"March			2022
~Fundin
Funding with investments	at		cost		3,548,387	1,213,426	4,761,813	413,648	5,175,461
Revaluation reserve					1,310,553	448,164	1,758,717	152,776	1,911,493
Total funding					4,858,940	1,661,590	6,520,530	566,424	7,086,954
Income and Ex enditure
Surplus/(Deficit)					173,602	(53,720)	119,882	7,683	127,565
Total funds carried forward		(page 23)			5,032,542	1,607,870	6,640,412	574,107	7,214,519

					f
At 1"April	2021				1,803,906
Unrealised	investment	revaluation	gains for the year (note 13)		317,078
Release of	the reserve	in respect	of realised investment	gains ofthe
year (note	16)				(209,491)
					107,587
At 31"March 2022 (see note 16)					1,911,493