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|Those serving throu|ghout|the year were:|||
|---|---|---|---|---|
|Richard Nichols||Chair ofthe Board|||
|Roona Ellis||Chair ofthe Audit Risk &.Governance||Committee|
|Mike Felton||Chair ofthe Investment
Committee|||
|Lynn Kennedy||Christmas
Appeal Director|||
|Nick Luckett||Chair ofthe Care Fund|||
|Steve Pryor||Chair ofthe Community|Fund||
|Pat Ring||People Director|||
|Those newly appointed||and serving for part ofthe year were:|||
|All these Directors|were|appointed
on 12~ July 2022.|||
|Emma Deutrom||Non-Executive
Director|||
|Mike Gosling||Company Secretary|||
|Sarah Holmes||Head ofWellbeing|||
|Mike Kelly||Non-Executive
Director|||
|Andy Lynes||Finance Director|||
|Those who resigned|and|served for part ofthe year were:|||
|Dennis Andrews||Property Director (resigned 10~ January 2023)|||
|John Goodson||Finance Director (resigned 12~ July 2022)|||
|Nigel Pritchard||Company Secretary (resigned 12'" July 2022)|||
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|||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|||
|||||||Notes|Funds
f|Funds f|Totalf|Total
f|
|Income from|||||||||||
|Donations|||||||32,787||32,787|33,066|
|Legacies||||||||||100,185|
|Christmas
Appeal and Gift Aid|||||||68,848||68,848|69,718|
|Charitable
activities:|||||||||||
|Hall Hire, including|grants and insurance||||claim||52,208||52,208|83,946|
|Other income|||||||1,170||1,170|1,449|
|Investment
income|||||||146,851|12,482|159,333|155,984|
|Total Income|||||||301,864|12,482|314,346|444,348|
|Expenditure
on:|||||||||||
|Raising Funds:|||||||||||
|Christmas
Appeal and other income|||||||1,764||1,764|2,299|
|Investment
management||fees|||||20,619|1,766|22,385|28,359|
|Charitable
activities:|||||||||||
|Grants payable||||||4+5|287,229||287,229|139,176|
|Expenditure
on|charitable||activities|||6|54,465||54,465|45,727|
|Direct costs —Hall hire||||||7|171,030|3,022|174,052|39,457|
|Support Costs||||||8|41,311||41,311|41,334|
|Total expenditure|||||||576,418|4,78&|581,206|296,352|
|Net (deficit)/income|before gains on investments||||||(274,554)|7,694|(266,860)|147,996|
|Net gains/ (losses) on investments|||||||||||
|Realised gains on sale of||investments||||12|408,282|33,478|441,760|77,903|
|Unrealised
(losses)/gains||on revaluation||ofinvestments||12|(973,347)||(973,347)|317,078|
||||||||(565,065)|33,478|(531,587)|394,981|
|Net (Deficit)/Surplus|for|year|before transfers||||(839,619)|41,172|(798,447)|542,977|
|Transfer between
funds||||||10|10,716|(10,716)|||
|Net movement
in funds||for year —carried|||forward||(828,903)|30,456|(798,447)|542,977|
##
##
||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|||
||||||Notes|Funds
f|Fundsf|Total
E|Total
E|
|Net movement||in funds|foryear|—brought forward||(828,903)|30,456|(798,447)|542,977|
|Movements|in|year||||||||
|Funding|movement||(including|legacies)|15|(565,065)|33,478|(531,587)|495,166|
|Income|IExpenditure||||15|(263,838)|3,022|(266,860)|47,811|
||||||15|(828,903)|30,456|(798,447)|542,977|
|Reconciliation||ofFunds||||||||
|Funds brought||forward|at 1"April|2022||||||
|Funding|||||15|6,520,530|566,424|7,086,954|6,591,788|
|Income|and Expenditure||||15|119,882|7,683|127,565|79,754|
|||||||6,640,412|574,107|7,214,519|6,671,542|
|Balance at|31"March 2023|||||||||
|Funding|||||15|5,955,465|599,902|6,555,367|7,086,954|
|Income|and|Expenditure|||15|(143,956)|4,661|(139,295)|127,565|
|||||||5,811,509|604,563|6,416,072|7,214,519|
|||||2023||2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
|||Notes|Fundsf|Fundsf|Totalf|Totalf|
|Fixed assets|||||||
|Tangible assets||11|943,789|604,563|1,551,352|12,911|
|Investments||12|4,752,521||4,752,521|7,006,493|
|Total fixed assets|||5,699,310|604,563|6,303,873|7,019,404|
|Current assets|||||||
|Debtors||13|7,019||7,019|1,765|
|Cash, Treasury deposits and bank balances|||229,645||229,645|230,820|
||||236,664||236,664|232,585|
|Current liabilities:|||||||
|Creditors:
amounts|falling due in one year||(124,465)||(124,465)|(37,470)|
|Net current assets|||112,199||112,199|195,115|
|Total assets less current|liabilities||||||
|Total net assets|||5,811,509|604,563|f6,416,072|7,214,519|
|Funds|||||||
|Funding at cost||15|5,017,408|599,902|5,617,310|5,175,461|
|Revaluation
reserve||15/16|938,057||938,057|1,911,493|
|Total Funding||15|5,955,465|599,902|6,555,367|7,086,954|
|Income and Expenditure||15|(143,956)|4,661|(139,295)|127,565|
|Total funds|||5,811,509|604,563|6,416,072|7,214,519|
##
|||STA|TEMENT|OF CASH FLOWS FOR|THE YEAR ENDED 31
MAR|CH 2023|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|RECONCILIATION
OF NET INCOME/(EXPENDITURE)|||||||
|TO NET CASH FLOW FROM||OPERATING ACTIVITIES|||||
|Net (Expenditure)/Income||for the year (page 20)|||(798,447)|542,977|
|Adjustments
for:|||||||
|Net losses/(gains)
on|investments||||531,587|(394,981)|
|Depreciation
charge|||||11,559|3,828|
|Investment
income|||||(155,333)|(155,984)|
|(Increase) in debtors|||||(5,254)|(732)|
|Increase
in creditors|||||86,995|23,227|
|Net cash (absorbed)/generated
in operating||||activities|(328,893)|18,335|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||||
|Investment
income|||||155,333|155,984|
|Purchase of Long leasehold|||||(1,550,000)||
|Purchases ofinvestments|||||(565,797)|(978,275)|
|Sales ofinvestments|||||2,109,819|976,898|
|Net cash generated
by the||investing|activities||149,355|154,607|
|Change in cash and cash|equivalents||in the||||
|reported period|||||(179,538)|172,942|
|Cash and cash equivalents||at 31March 2022|||465,152|292,210|
|Cash and cash equivalents||at31"March 2023:|||||
|Cash at bank and with investment|||adviser||285,614|465,152|
|Comprising:|||||||
|Cash at bank (page 22)|||||229,645|230,820|
|Cash held in investment|portfolio (page 29,note 13)||||55,969|234,332|
||||||285,614|465,152|
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||||||2023||||2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||||
||||||Funds|Funds||Total|Total|
||||||f|f||f|f|
|Christmas|Appeal,|Including|Gift Aid||64,346|||64,346|68,119|
|Gift Aid,|recovered|on other|donations||4,502|||4,502|1,599|
||||||68,S48|||68,848|69,718|
|restricted|fund income was||received|in 2022.||||||
|estment|income|||||||||
||||||2023|||2022||
||||||Unrestricted|Restricted||||
||||||Funds
f|Funds
f||Total
f|Totalf|
|UK listed|equity investments||||100,156|8,516||108,672|93,341|
|UK fixed and variable interest stocks|||||8,701||739|9,440|15,643|
|Overseas|listed equity investments||||24,381|2071||26,452|41,118|
|Overseas|fixed and|variable interest||stocks|9,399||798|10,197|5,781|
||||||142,637|12,124||154,761|155,883|
|Bank interest|||||4,214||358|4,572|101|
||||||146,851|12,482||159,333|155,9S4|
##
##
|||2023|||2022||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||||
|||Fundsf|Funds
f|Total
f||Total
f|
|Payable to individuals:|||||||
|Grants (648 recipients)||38,589||38,589||28,932|
|Utilities grants (70recipients)||24,500||24,500||23,440|
|Christmas
parcels (150|recipients)|3,325||3,325||2,620|
|Youth Grants (44 recipients)||6,117||6,117||9,789|
|Total grants to individuals||72,531||72,531||64,781|
|Grants to organisations|(note 5)|214,698||214,698||74,395|
|||287,229||287,229||139,176|
##
##
##
|Grants to organisations||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2023||2022||
||||||||Unrestricted|Restricted||||
||||||||Funds|Funds|Total|Total||
||||||||f|f|f|f||
|The following
single|donations||||were made:|||||||
|Batford Nursery
School|||||||2,500||2,500|||
|Crabtree School Parents|||Association||||10,000||10,000|||
|Harpenden
Academy|||||||15,000||15,000|||
|Harpenden
Trust Care||Fund|||||5,115||5,115|||
|Harpenden
Mencap|||||||5,000||5,000|||
|Harpenden
Plus Partnership||||of|Schools|||||6,000||
|Harpenden
Rovers Youth|||Football|||Club|5,793||5,793|||
|St Dominic School|||||||10,000||10,000|||
|Fusion Pre-School|||||||5,000||5,000|||
|Grove Infant &Nursery||School|||||10,000||10,000|||
|Grove Junior School|||||||17,810||17,810|||
|High Beeches School|||||||15,000||15,000|||
|Highfield
Preschool|PTA||||||4,000||4,000|||
|Hornbeam
Wood Hedgehog||||Sanctuary|||5,825||5,825|1,280||
|Katherine
Warrington||School|||||15,000||15,000|||
|Lea Junior School|||||||12,500||12,500|9,500||
|Manland
Primary
School|||||||25,000||25,000|||
|Network
Church|||||||3,645||3,645|||
|Playpark Action Rothamsted||||||||||30,000||
|Rea I Inspiration|||||||5,000||5,000|||
|Salvation
Army||||||||||9,353||
|Sauncey Wood School|||||||17,000||17,000|||
|Sing from the Heart|Harpenden|||||||||4,179||
|St Nicholas
Primary|PTA||||||2,310||2,310|||
|United Reform Church|||||||5,000||5,000|||
|Wood End School|||||||10,000||10,000|||
|Other organisations:|under f3,000each||||||8,200||8,200|14,083||
||||||||214,698||214,698|74,395||
|No restricted
fund grants||were||paid||in 2022.||||||
|Expenditure
on charitable|||activities|||||||||
|||||||||2023||2022||
||||||||Unrestricted|Restricted||||
||||||||Funds|Funds|Total|Total||
||||||||f|f||f.||
|Seniors Fair|||||||542||542||85|
|Wellbeing|||||||35,127||35,127|17,574||
|Coffee mornings|||||||563||563||58|
|Children's
outing|||||||1,249||1,249|2,888||
|Coach outings &tea|party costs||||||3,704||3,704|2,987||
|Furniture
services|||||||13,075||13,075|14,068||
|Wheelchairs|||||||205||205||435|
|Vaccination centre||||||||||7,632||
||||||||54,465||54,465|45,727||
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##
||||Unrestricted|Restricted||
|---|---|---|---|---|---|
||||Fundsf|Funds
f|Totalf|
|Movement||||||
|Market Value|at 1"April 2022||6,449.033|557,460|7,006,493|
|Funds withdrawn|||(1,110,828)|(589,172)|(1,700,000)|
|Management|fees &bank charges paid||(20,619)|(1,766)|(22,385)|
|Realised gains|on investments||408,282|33,478|441,760|
|Unrealised
loss on revaluation||of investments|(973,347)||(973,347)|
|Market value|at31"March 2023||4,752,521||4,752,521|
|he historical cost ofcharity in|vestmen|ts
at31"Mar|ch 2023 was f3,814,468|(2022f5,095,0|05).||
|---|---|---|---|---|---|---|
||||2023|||2022|
||||Unrestricted|Restricted|||
||||Funds|Fundsf|Total
f|Total
f|
|Market Value|||||||
|UK Listed equity investments|||1,773,509||1,773,509|2,625,535|
|UK fixed interest government|stocks||183,159||183,159|189,676|
|UK variable interest company|bonds||388,410||388,410|177,635|
|UK Property
and Infrastructure|funds||338,512||338,512|515,059|
|Index Linked Fund|||152,528||152,528|172,016|
|Overseas listed equity investments|||1,760,874||1,760,874|2,885,400|
|Overseas variable interest company||bonds fund|99,560||99,560|206,840|
|Cash|||55.969||55,969|234,332|
|Total Investments|||4,752,521||4,752,521|7,006,493|
##
|ebtors|||||||
|---|---|---|---|---|---|---|
||||2023|||2022|
|||Unrestricted||Restricted|||
|||Funds||Funds|Total|Total|
|||f||f|f|f|
|Taxation|recoverable|2,487|||2,487||
|Dividends|receivable|||||1,380|
|Other Debtors||4,532|||4,532|385|
|||7,019|||7,019|1,765|
##
|reditors:|amounts
falling due within|one year||||
|---|---|---|---|---|---|
|||2023|||2022|
|||Unrestricted|Restricted|||
|||Funds|Funds|Total|Total|
|||f|f||f|
|Trade Creditors||2,748||2,748||
|Expense|Accruais|111,217||111,217|19,470|
|Prepaid|Expenses|10,500||10,500|18,000|
|Total||124,465||124,465|34,470|
##
|unds||||||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||
||||~Communi|Care|Total|Gibbons||
||||Fund|Fund|Funds|Fund|Total Funds|
||||f|f|f|f||
|Fund balances at 1"April|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|
|Tota I 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 brought forward (page 23)|||5,032,542|1,607,870|6,640,412|574,107|7,214,519|
|Movements
in year||||||||
|~Fundin||||||||
|Realised investment
gains|||312,323|95,959|408,282|33,478|441,760|
|Transfer: Realised gains|||89||89||89|
|Total Funding
with investments||at cost|312,412|95,959|408,371|33,478|441,849|
|Unrealised
investment
(losses)|||(761,917)|(211,430)|(973,347)||(973,347)|
|Transfer: realised (losses)|||(89)||(89)||(89)|
|Total Funding
Revaluation|Reserve||(762,006)|(211,430)|(973,436)||(973,436)|
|Total Funding|||(449,594)|(115,471)|(565,065)|33,478|(531,587)|
|Income and Ex enditure||||||||
|Deficit|||(135,997)|(127,841)|(263,838)|3,022|(266,860)|
|Total Funds Movement
in|year|(page||||||
|23)|||(585,591)|(243,312)|(828,903)|30,456|(798,447)|
|Funds balances at 31"March 2023||||||||
|~Fundin||||||||
|Funding
with investments|at cost||3,708,023|1,309,385|5,017,408|599,902|5,617,310|
|Revaluation
reserve|||701,323|236,734|938,057||938,057|
|Total funding|||4,409,346|1,546,119|5,955,465|599,902|6,555,367|
|Income and Ex enditure||||||||
|Surplus / (Deficit)|||37,605|(181,561)|(143,956)|4,661|(139,295)|
|Total funds carried forward (page 23)|||4,446,951|1,364,558|5,811,509|604,563|6,416,072|
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