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|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|||
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||||||||||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|
##
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||||||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|
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||||||||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|
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|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.||||||
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##
|||||||||||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|
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||||||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|
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