Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 REGtsrERED COMPANY NUMBER: 06927379 (England and Wales) REGIsfERED CHARTfY NUMBER: 1133567 REPORT OF THE TRusfEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 313ULY 2022 FOR THE HAMBLIN TRusr (A COMPANY LIMrrED BY GLIARANTEE) Lewis Brownlee (Chich&*er) Limit Chartered Accountsnts Apjedram Barns Birdharn Road Chlthester West Sey P020 7EQ
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRL CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 JULY 2022 Page Rwrt of the Trustees 1 ts 4 Independent Examinerfs Report Statement of Financial Activitie5 Balance Sheet 7 to 8 Not&s to the Financial Statements 9 to 16 Detalled Ststement of Financial Attivities 17
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE frIAMBIIN TRusr REPORT OF THE TrUSTEES FOR THE YEAR EMDED 31 JULY 2022 The trustees who are also diretttsr5 of the charity for the purpose5 of the Companies Act 2¢X)6i present their rewrt with the finartcial ststanents of tharity for the year ended 31 July 2022. The trust have adopted the provisons of Accounting and Repotting by Charities.. Statement of Recommended practi appltsble to charities preparing theSr accounts in accordano with the nanal ReFX)rbng Stsndard aLcable In the UK and of Irdand (F 1021. OBJECtIVES AND AcmimES Objectives and aims The obiects of the Trust a to advance the Thristian religion (without regard to denomination) by the teaching, 5tyJdy and apk4icatK)n of Christtan hatmts and methods of though¢ the propagation of Chrisban spiritual doctrine, the tsaching and study of aFvlred thristian right thinmng and the adoption of Christian spiritijal values in da1 lffe and to advan the eduration of the public in ChrisfJ"an philosophy. Significant adivikne$ The acbvities of the Trust rdi awareness of the importance of R¥Jht Thinking in the way we INe our Iwes and through promoting the un¢Jerstanding of the spiritual and wattical principles that underpin heath and wel1bn9. Muth prtyJress has been made in rnt years in reduong costs and Incsing income bu¢ even with the improvements, a 5U5taillabte financTal operaJon has not bn achieved. It now seems unlikefy that we will te ab to change this situation significantly and current operating problems and emerging iggues make it éven 1¢55 like in the future. The trustees have therefore decided that it has N)w brne necessary to sell the physical se and to use the funds from the sale of the site to k¥Dmote the charilys objeLve5 online. Thls decision was taken on the 19th October 2021 and nathraty this ha$ affected all opeTrtK)ns Sin that date. The Trust has continued its work through the puili(ztion and diributh"on of its rnagaine, Hamblin Vtsion, and has continued to dwdop its progrnme of tslk5 and me&ngs alIab to both memèers and the general public but. since the ded$on to sdl, there have fewer of these. The Trust has also continued to rent rooms to a dwerse and thanging group of a)unsdlor5, pratbtioners and therapL4ts who focus on devefoprng the health and spiritual wellbe•ig of those who attend their and therdpy sessions. New theraptsts continue to find the Centre an attr3rtNe and hamionious ting to offer their servrces. The Trust has three lodge5 in grounds which are intended for quiet retreats. both for rnemrs and the public. The bdges a managed ty tsi subsKliary FrrH Ltd and the operatiJYJ ermronment in recent months has continued to be challenging. Given the deoaon to sdl the site, it was deuded to cease promoiing the lodges beyond 31st March 2022 and the marketing contratt wlth Hoseagons has been terminated. The Hamblin Want NurryI a ventttre devdoO and maint2lned ty volunteers with the IntI of generdtlng addition21 income for the trust, cOnued to thrive with the Sukwrt of its very enthusiasbc and hard-working volunteers but, sod, once the deosion to sell the sts was tsken, ti was a rnatter of running-down the operation until it aSed artmties at the end of December. Athough the deasion has bn tsken trj sell, the intention is ts pa55 the gte to buyer5 wfth a similar ethos who WIN contir7ue to offer the same sort of acbvitrs. Accordingty. the trustees dece to keep the site open and the staff ernployed to rnaintain a ntinUity of Presen to help ensure a succes5Ful future operation under the new owners. aearty, this has a cost impKt during a period when income is reducing but is cDnsrstent wth the desire to hejp ensure that the tranquil and ther3peutic benefts clthe sf(e remain avaitsble to those who The tnjstees are now very focused on cornpleting the le and developiThJ the new online platfom) and products. Page I
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBIIN TRusr REPORT OF THE TRuEE$ FOR THE YEAR EfiDED 31 JULY 2022 OBJECMs AND AcnvfTIES Public benefit The trustees continue to follow the Charty Commwon's ouidance on putlic tener and in patticular the speafic guidance on tharilie5 for the advancement of religion. Both thè publishing work of the Trust, and the gUlar grouF6, mng5, and IreS and seminars are opèn to the public wthout any restrtction on any grounds. Indeed, the Trust seeks to widen ts influen, and Its membershlp on an on4Joing bJ5is, and put>licty is always an ongoing prtcess. Memters of the public are free to the ntre at Bosham throughout tt)e week ènd partioJkJrW on weekdays where the siaff are available to gwe help and axsistance, and the meditation sanctuary is open to the publK. Prayers are offer daiw, and th& pU1C are free to attend iespeCtIve of religion or spiritual bdief. The trustees have made available b) the public the use of the fr4cllths. induding the wonderfulty maintsinaj gardens, lebrntions of WdriOUS types. ACHIEVEMEKf AND PERFORMANCE The figures for perf0mlan this year have all been affetted by the rent decision to sell the Centre and to c8 pftting the lodges for letbng Wond the 31st March 2022. For the rnain trust, totsl income excluding recharged to e trusts Whol owned subsidiary FttH Vision Ltd, deueased, ty £40.3k (53.0%) compared to 2021. The biggest (rntThbutor to this decrease was the loss of grant income, rna(k worse by a COnnUed reduction In membership and a rauction in donations. ¢knhead support costs iTKreased signfficantly, by £45.3k (42.0%), principalty due to untaTrcY fw for ad and iuntancy support acbwlies following the decision to sell. Most t)ther co&5 remained very slmilar to last year. Despts the overall poor resu, it is posgble to pick out orie from the figures. The income from room rents inuease(J fll £13.3k kst year to £22.6k this year. This dernonthtes the continued attractiven of the Centre ag a pla for srA"rthal, holistic and therapeutic and will hopefully help the new owners to devdop a strong base from which to grow. The lodg, whith are managed by the FrrH WTrsion Ltd, have also producey a poor Tlt this r. wth a Ioss of Q4.Ik cotnpared to è profft of £52.6k last year, mainty duè to the bss of grant funding and management retharge5 for bOOkkee.n9 and adw.sory semces paNJ by the trusL The main achievements in tsrms of our non-fi"nanaal obiecbve5 for the year have bn to proVe a wide varw of activiti& and classes intended to faciltsts inner peace and phwcal and spiribJal wellbeing and to ensure that Msitors stawng in our lodges have had the opportunlty to experience a Fthod of and trdnquillity in an athBctive and well-maiThtsined environment Following the enfor lockdowns required due to the CoronthiTUS pandemic the TN*, with the support of tts teachers and prattiboRersJ pyovhled variou5 talks, medtstsons and da on-line, either INe or pr&recorded and these ad]w¢S are being developed furthw to provide the focus for our Intendej online operation. Page 2
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRusr REPORT OF THE TRvsfEES FOR THE YEAR ENDED 31 JULY 2022 FINANcfAL REw Reserves and prtnciple financial management policy The Trusfs principal financial management poliaes adopted during the year have been to exerase control over operdbng eynses, to wew and Incre prices where and focus on gerherdting income from digtsl products. GNen ongoing opeTrting diffrulbe5, the Tru5Vs ability to manage finanoal polKy has been liMed. Whilst the trustees have continued to exeruse control over Oting expenses, the has been no scope for considering any price increases, and pLan increases in room hire rat& have been put on hold until the ecoDomlc sf(uatron INcks up and confiden returns. The frusvs Reserve policy is to hold sufficient reseNes, within the Hamblin Group to be able, Should it LErome ]iecery, to cease trading under control and with wfficientfunds to discharge OLJr ststutory obligalions to stsff. The Rdjeat Lodges, although they do not usudly produce an acwunting profit, general remain cash p0sVe and, in previous years, have provhjed the Trust wh extra thsh rewurw to ftjnd operations. Given the Trusvs inabillty to athieve a sustainable financial operntton, the trustees. matn focus is n¢>w on the successfvl sale of the and the devdopment of an onllne plthrni for the Tru5¥s adivities going forward. Going cOnrn The on90ing diffuhj'es In relation to the successful management of the Trusvs OptionS and thé Tnjst's inabl1Y to achEve flnanaal sustainability have led the trust to the view that the Centre does not have a Mable sustainable future and must be sold. It wll continue to prornote Hamblin s teathlng5 large online. The tNstees befieve that the cutTent level of r¥¢rves is ad4uote to supwrt the Trust until sale. RUCTURE, GOVERNANCE AND MANAGEMENT Governiny document The Trust is incorpornted as a cornnY limit6J by guarantee governed by its memordndum and artides c assouation and Is a registered chariLy. The liabilty of the members in the evertE of the Tnjst tng wound up is limtsd to a sum rhot exceeding £1. The total of such guarantees at the rnd was £4. The Trusts are empower&l under the Trust Deed to the funds of the Char(iy for the purpose of the objects descrtbed bejow and are at libety to pay the Qxpenses for the pwaration, publicatK)n and disseminabon of religious Ilteraknre. ReCrYent and appolntment of new tr1ts5 The Trustees are elrgibje, in committee, to arwint addioonal Trustees under the terms of the Trust . REFERE14CE AND AOMINISTrATIVE DETAILS Registered Company number 0692n79 (England and Wa) Registered Charity number 1133567 Registered office Bosham Hou Main Road Bosham ichestsr West Sussex P018 8PJ Trustees M J Asthby D M Wrllson N E Raine V A Willson Page 3
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2022 REFERENCE AND ADMINIsfKATIVE DEfAILS IndependeTht Examiner Sam Ede BFP FCA FCCA Lewis Brownlee (thichester) Lim&ted Chartered Accountsnts Appledram Bams Birdham Road ithester West Sussex P020 7EQ SUBSIDIARY UNDERTAKING The Trustees acknowledge that prrm Vi&on Ltd, the tradirhg subsidiary for the TrusL has largdy been operating with an under5wng financial defiat thèt, despts prKe and acbve promotional activlty, ha5 been unable to achieve finanaal sustainatilty. It has reverted to a IDSS in the current financial year of Q4.Lk Comr ts) a proft of £52.6k last year. The ongolng sS-man9 *bJatiun with the lodg& is one of the factors that has I1 to the trustees deoding to sell the site. The contract wh our rnarketing agent for the lodges has been terminated and no JÈtbngs promoted beyond 315t Marth 2022. The lodge operab.on 1] be %)kJ to the approlate buyer afong with the main Appro1 by order of the L#)ard of trustees on ... D M Willson - Twstee dge4
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF THE HAMBLIN TRusr Independent examineVs report to the trustees of The Hamblin Trust ('the Compan) I report to the charity trusW on my MinatiOn of the accounts of CrpanY for the year ended 31 2022. Responsibilities and basi$ of report As the charivs trusths of the Company (and also its dlrettors for the pu0 company law) you are responsible for the prepaTrOon of the accounts In accordan with the requirements of the Q)mpanies Att 2006 (kne 2006 Act). Hawng SBtisfied myself that the accounts of the Company are not requiral to te audited under P•rt 16 of the 2006 Art and are ebgible for Independent eKamination, I reFOrt in spert of my examination of your charitys accotjnts as carri out under secth)n 145 of the Charthes Act 2011 (the 2011 Art). In carying out my exwrnination I hove fojlowed the DiTeLtions by the Charity CommiSOn under secbon 145(5) (b) of the 2011 Att. Independent miner'S statement I have completed my exBm1nan. I conffrm that no matters have come to my attention in connection with the examinètion ging me cause to believe.. accounung record5 wer not kept in respert of the Company as by section 386 of the 2006 ALt; or the accounts do not accord w(ch those records. or the accounts do not Comp with the accounting requirements of secbon 396 of the 2006 Att other than any requirement that the accounts gwe a tnje and fair view which is not a rnatter conSided as part af an independent mInation. or the accounts have not been prepared in accordance with the meth&ts and principles of the Ststsment of Re¢gmrnended PltiCe for accounting and by tharitses (applicable to thatiknes preparing their accounts in accordan wrth the FInara1 Reporting Stsndèrd app11(ae in the UK and RerAtblic of Irebnd (FRS 102)). I have no concems and have come across no other matters in connettton with the exatninatJn to which attent5on should be drawn in thi5 reFort In order to enable è prtsper underthnding of the accounts to be thed. DocuSdtsy'. IDF6E047884CD Sam Ede BFP FCA FCCA Lavis Brownlee (Chichester) Umit Chartered Accountsnts AprAedr3m Bams 8irdham Chichester West Sussex P020 7EQ 04 November 2022 1 08:56 GI[ Page 5
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBUN TRLisr ATEmETr OF FINANCIAL AcmiIT FOR THE YEAR ENDED 31 JULY 2022 2022 Total fvnds 2021 Totsl funds Unr85tricted Restricted funds funds Notss INCOME AND ENDOWMENTS FROM Donations and legaaes 6,715 6,715 56,385 Other trading actiwties Investrnent income 89JMIO 89,000 56,740 Totsl 95,719 95,719 113,125 EXPENDITURE ON Charitsble activrties Cost of (Jaritsble Acbwbes NET INCOMEI(EXPENDrruRE) 153,123 (57A04) 153,123 (57A04) 107,820 5,305 RECONCILIATION OF FUNDS Totsl funds brought forward 247.024 247,024 241,719 TOTAL FUNDS CARRIED FORWARD 189,620 189,620 247,024 The notes fonn part ofthe* finanaal stathwlts Page 6
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRusr BALANCE SHEEr 31 JULY 2022 2022 Totsl funds 2021 T¢)tsl funds funds funds FIXED ASSErs T3ngibJe asséts Investments ID li 271996 loo 272,996 loo 288,242 273096 273A196 288,243 CURRENT ASSErs st(Kks Debttsrs Cash at bank a1 in hand 12 13 IA90 IS76 16,982 IM90 15,576 16,982 3,697 6,953 96,276 106.926 CREDThORS Amounts falfrng due within one year 14 (26081) (26ffj81) (50,123) NEf CURRENT ASSErs 7,367 7.367 56,803 TOTAL ASSEfs LESS CURRENT LIABILITIES CREDITORS Amounts fallir¥J due after more than one year 280,463 280,463 345,046 15 (90W) {90043) (98,0221 NET ASSETS 189,620 189,620 247,024 FUNDS Unrestritted funds 18 Is920 247,024 TOTAL FUNDS 189,620 247,024 The charitaNo company is enyded to exemFtion from aud under Secbon 477 of the Companles Art 20D6 for the year end&J 31 july 2022. The rnembers have not required the company to obtsln an audl of its financial statrments for Ihe year end8J 31 ju 2022 in accordall wth Section 476 of the Companies Att 2006. The trustee5 3cknovAedge their responsibilities for (al enrIng th4t the d)aritatle company keeps accounting rewrds that comply Sectsons 386 and 387 of the Companres Art 2006 and preparing fjnanaal statements which give a true and fair vlew of the stats of afrdirs of the charFtsble company as at the end of each financial year and of its surplus or defiot for each finhnaal year in accordance with the requirements of kntv)ns 394 aThJ 395 and which otherwise cornp with the requirements of the ComnIeS Att 2006 relab"rMJ to financial *atements, so frdr as applK3ble to the charitable company. (b) The notss form part ofthese finanoal ststements Page 7 conUnuod...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBUN TRusr BALANCE SHEEf- continued 31JULY 2022 These finanaal ststements have been prepared in attordance wtih tt* pruM&ons applicab to charltaNé cornpanies 5ubiett to the small companiÉ8 regime. The ffnanckl statements were approved by the Board of Trust and authorised for issue . and were on its behalf by.. N E Raine- Trust D M Willson- Thjstee The notes form part of these finanaal siatements Page 8
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRusr NOTES TO ThE FINANCIAL sfATEMEiirs FOR THE YEAR ENDED 31 JULY 2022 srATufoRY INR)RMATION Thè Charity is an incorporated charity, ¥egistered with the Charity Commlssi¢Trers for EngL4nd and Wales (1133567) and 3 company incorporated in England and Wales (06927379). The Charty rs firned tsy Guarantee to a maximum of £1 contribltrion per member. There are currendy four {2020.' four) members. The Charity is governed by tts Arbdts of Assoclation. Its prinaple objecbves registered office can be found in the report of the twstees. The Financial Ststernents have prepar in Sterfing. the tharitys funCnal CurMLy. ACCOUNTING POLICIES Basis of preparing the financial statsments The finanaal ststements of the charitsbse companyi whlch is a puNlc benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounts"n9 and Reporknng by Charibes.. Ststsrrent of Recommended Prathce applicaNe to charibes preparing their accounts in accordan with the FinancSal Reporting Standard appliCae in the UK and Repub.¢ of IreLind {FRS 102)., Financial Reporting Standard 102 The Finanoal Rep)rting Standard appbrAble in the UK and Republic of Irdand, and the coMnieS Att 2006. PrÈparatioTh of consolidated finanaal statements The finanaal statsments contain infomiation abjut The Hamblin Trust as an indivhdual a>mpany and do not contsin tonsolldated financTBI information as the parent of a group. The ch4rity is exempt under SettJ"on 399{2A) of the Companies Act 2D06 from the requirements to prepare tt)nsolidated finanaal sthternts. In(me Income rnISed in the accounts as follows: - Donations and other MIlIaneOuS ino)me- on è re1 - Legacies- date the legw is recewed - Membership fee5- on a receipts bas induding lifetime mernbershlps - Dmdends and Int- d&e the dfvidends and Interest is recewj Grant ineome Grants relating to revenue are recognised in Inmme on a systematJc basis over the periods in which the entity recognises the rdated costs for which the grant is intend& to compensats. Grants that become re1Vab[e as compensation for expe or losses alre&gy incurred or for the purrose of gmng imm&iate finandal supp)rt to the entity wth no future related costs are recognised in Inctsme in the period in which it borneS eoble. ExpEnditure Uabiliknes are recognlsed as expendlbjre as soon as there is a legal or coftgtructwe oblwJatv)n commitbng the charity to that ewdlture, it is probable that a transfer of e¢onomic LEneffts will be quired in sdernent and the amount the obligation be measured rdiaw. Expenditure accounted for on an accYu115 ba&s aJ)d ha5 been daffied under headings that aggrate all cost retated to thè category. Where costs cannot be dirett attributed to parti(JJlar headings they have been alocated to athvltiÉs on a basis consistent with the use of resources. Tangible fixed assets Depreaab"on is provided at the folbwing annual rates in order to wrfte off eath asset over its eimated u5efvl Ie. Freehold property FrAtures and fittings at varwng rates on cost at vaNable rates on reducing balan Where applitable, assets at a valuatioTh in excess of £100 are captsllsed as fed assets. These assets are held cost less depreciation in accordance th the above depreclation Oicy. Strks are valuejj at the lower of cost and net realisable value, after makong due allowan fvr obsolete and sbw rnoving ems. Page 9 o)ntinued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRUST NOTES TO THE FINANCIAL ATEMENrs- conttnued FOR THE YEAR ENDED 31 JULY 2022 ACCOUNTING POLICIES- continued Taxation The chaiity is exempt from Corat1)n tsx on its charitsble acbvibes. Financial instruments nancial instruments are dasyfieé by the dirertors as basic following the conditions in 102. BasK financial instrurnents are reccwJn at arnortised cost using the effective inter8St method. Invèstments in subsldSaries Investments in 9JbsdiaNes are measured at cost less accumulatsj impainnent. Going contorn The ongoing drff1ojeS in Teknn to the successful management of the Trusvs operations and the Trusys In?biltiy to achieve financial sustsinabilty have the tnISte to the vw that the Centre does not have a Mab sustainable fubjre and must be g)Id. It 11 ¢(tinue to promote Hamblin's teathings large online. ThÈ trustees belleve that the ojrrent levd of reseNes ES adequate to gJPk¥)rt the Trust until sale. DONATIONS AND LEGACAES 2022 Total funds 2021 Total funds Unr•strirted R¢*rirted funds funds Donattons Gift aid Legaaes Gr3nt5 Memtwship 260 2A60 4,589 2,053 5,116 38,146 6,481 4,155 4,155 6.715 6,715 56,385 Gonts reNed, Included in the above. are as folows.. 2022 2021 Govemment gTrnt income 38,146 OTHER TRADING A[VITIEs 2022 Total funds 2021 Total funds funds funds Expenses rharged Rentsl income (Xher incorne Sale of publications 59081 2297 6,082 340 s91 22,697 6m2 36,923 13,322 5,923 572 89,000 89,000 56,740 Page 10 continued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 The HAMBLXN TRUST NOTES TO THE FINANCIAL STATEMEPITS- continued FOR ThE YEAR ENDED 31 JULY 2022 INVEsfMENT INCOME 2022 Total funds 2021 Total funds Unrestrirted Restricted funds fund$ Deposfc ac£ount interest CHARTfABLE AcrnirrIES cosrs The dlrett costs of tharitsb artNieS, were as follows: 2022 2021 Cost of charitse Actrmbes 153,123 107,820 NEf INCOME/(ExpeNDrruRE) Fees for the independent examinatyon amounted to £4,725 during the year (2021: £4,500), 6ookkeep.ng and athsory services paid to independent exBminer amounted to £29,598 (2021: £NILI. TRUSTEES. REMUNERATION AND BENEFrrs There We no trust* remuntrotion or other benefits for the year ended 31 Juty 2022 nor for the year ended 31 July 2021. Trustees, expenses Travel and meet5ng expenses rejrnbued to trustees arTh)unted to £190 12021 - £NIL). srAFF cosrs The average monthty numEer of ernployees during the year was as f01bv. 2022 Support superVs Lodge 2021 ) employee5 recefved emoluments in excESS of É60.000. Totsl stsff costs may be anaw as fOlls.. 2022 2021 Wageg and salaries Social security c05tS Cther pension cD&s 56,703 59,710 1,318 1,648 Page 11 ctsntinued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRUST NOTES TO THE FINANCIAL sfATEMENTS. continued FOR THE YEAR ENDED 31 JULY 2022 10. TANGIBLE FfxED ASSErs Fixtums and fittings Freehold property Totsls cosr At l August 2021 AddOnS Dsp)sals 396,750 16,7SO 1,242 (5,663) 413,51 1,242 {5,663) At 31 2022 396,750 12,329 409,079 DEPRECIATIOM At l August 2021 cha for year irninated on dispogl 111,425 13,788 13,833 1,352 {4,315) 125,258 15,140 (4,315) At 31 Juty 2022 125,213 10,870 136,083 NET BOOK VALUE At 31 JU 2022 271,537 1,459 272,996 At 31 Juty 2021 285,325 2,917 288,242 11. FIXED ASSEf INvEmENTs Unlist inve5th1ents COST LESS IMPAIRMEKr At l AugLtst 2021 Additions 99 At 31 ju 2022 loo NET BOOKVALUE At 31 Juty 2022 loo At 31 JU 2021 There were no investment assets outside the UK. The companys irhvestments at the baTh sheet date in the share captsl of companies Include the folk)wing.' HTh WlOn Limited Register& ¢.. Bosham Hou Main Road, Bosham. thithester, We Sus5eK, K)18 8PJ Nature Df business.. providing actornmodatEon Class of share: Ordinary Wo holding loo 2022 2021 Aggrate cai*al and reserves Profiv (Los5) for the year (755) (34,ID2) 26,931 52,622 Page 12 continued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBUN TRvsr NOTES TO THE FINANaAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 JULY 2022 12. sfocKS 2022 2021 IA90 3,697 13. DEBTORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Tra( debtors Amounts owed by group undertaknngs Other debtors VAT Prepayments 3,789 2.500 2,533 715 1,158 1,920 15,576 6,953 I& CREDrroRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2022 2021 Bank loans and overdTrfts (see nots 161 Tt7de credrtors Amounts owed tts group undetsknngs Social security and other taxes VAT rued ¢Ypenses 7,353 13,662 7,467 4,373 35,982 521 555 1,225 1,670 26,681 50,1 15. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2022 2021 Bank loans (see nots 161 90 98,022 16. LOANS An aasIS of the maturty of loans glveA below: 2022 2021 Amounts falling Oue within one year on demaThJ.. Bank kjans 7,353 7,467 Amounts falling tetweeTh one and Iwo r5. Bank bans- 1-2 years 7,748 7,779 Amounts falling due ben Iwo and five years.. Bank loans- 2-5 years 25,836 25,342 Amounts falling due in more than five years.. Repryable by insttlments: Bank104ns- over 5 years $7,259 64,901 Inter2gt on the above ban ts induded at a wdriable rate of 4% aPA7ve the base r4te. Page 13 condnued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRUST NOTES TO THE FINANCIAL sfATEMEMTS- continued FOR THE YEAR ENDED 31 JULY 2022 17. SECURED DEErs The following SeCuj debts are induded w(thln creditors.. 2022 2021 Bank loans 98,196 ID5,489 The bank loan has sttured against the fr&hold propety at Bosham House, MaKn d, &)sham. Chiche5trer, FQ18 8PJ. MOVEMENT IN FUNDS Net movement in funds At 3117122 At 118121 Unrestricted funds General fund 247,024 (57A04) 189,620 TOTAL FUNDS 247,024 (57004) 189,620 Net movement In fund4 induded in the above are as follows.. Zncomino Résources Movement resources wènded in ftinds Unrestricted funds General fund 95,719 (153,123) {57,404) TOTAL FUNDS 95,719 (153,123) (57,404) Comparatfves for movement In fund$ Net movement in fund5 TrarferS betwean funds At 3117121 At 118120 Unrestri¢ted funds General fund 241,719 1,845 247,024 Shed Donab)n amboo Hoor DonatEon 1,150 2,310 11,150) 12.310) 3,460 13,460) TOTAL FUMDS 241,719 5205 247,024 Page 14 continued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBUN TRUST NOTES TO THE FIfiANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 MOVEMErfr IN FUNDS- ¢onttnued Cornparntwe net movement in funds, included in the ab)ve are as follows: Encomlng Resour resources expended Movement in funds Unrestricted funds neral fund 109,665 (107,820) 1,845 Restricted funds Shed Donation Bamboo Floor Donation 1,150 2,310 L,150 2210 3,460 3,460 TOTAL FUNDS 113,125 (107,820) 5,305 No restrfcted gt7nts were reWed during the year. Restrthd grants arnounting to £3,460 were received in the prior year a5 a contribution towards the new Sh bamboo floor. These grants have been fvlly utilised for the SFvific purpose in the prior year. 19. EMPLOYEE BENEFIT OBLIGATIONS The trust operates a defined conth"bubon pension scheme. The assets of the pension sthème are held sete from ttit)se of the (harity in an Independendy administered fund. The pension cosr represents coniributions payable by the tharty to the fund and amguntsd to £1,318 (2021: £1,648). Outstanding contribubons at the year end amounted to £207 (2021 .. £4231. 20. RELATED PARTY DISCLOSURE The trust inajrred expendthre related to it5 Subsidiary. The principle exFendtture recharged to FrrH Ifison Ltd is set out below.. The trust incurred Éxpendknre of £32,906 (202L: £23,437) relating to wages. This amount hès been recharged to sudiary and included in the recharged In the accounts. The trust incurred depreciation of £9,075 (2021- £9,075). This amount has been rethorged to its gjbsidlary and included in the eypenses recharged in the occounts. The trust Incurred expenditure of £4,581 (2021.. £4,412) relaiing to loan intere* This amount has been recharg&J ts irs SdIary and included in the expenses recharged in the COUnts. The trust incurred e%penditsre Df £13219 (2021 . £NILI relating to btyJkke&ping and advsory Servi provtded by the indereTrJent examiner. Thi5 amount has been Tharged to ts subsidiary and Induded in the exw re¢harg8J in the account Page 15 ccmts"Thued...
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 THE HAMBLIN TRusr NOTES TO THE FINANCIAL ATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2022 2L ULTIMATE CoPRoLLING PARTY The trust is contr(Jlled by the Trustees. Pag@ 16
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85 niE HAMBLIN TRusr DETAILED ATEMENT OF FINANCUL AcnvmES FOR THE YEAR ENDED 31 JULY 2022 2022 Total funds Unrestrlcted Restrirted fund5 funds 2021 Totsl nds INCOME AND ENDOWMEP4TS Donations and legacles Donation5 Grft aKJ Legaaes Grants Membership l560 60 4,589 2,Q53 5,116 38.146 6,481 4,155 4,155 6,715 6,715 56,385 Other trading artivities Expen*5 retharged Rentsl income Other inctsme Sale of publKètions 59,881 22,697 6,082 340 59A81 21697 6,082 36,923 13,322 5,923 572 8900 89,000 56,740 Investment income DeS(t account interest Total incomin9 resources 95,719 95,719 113,125 EXPENDrnIRE Charitable artivlties Wages Pensions Rates and water Inra ght and heat Teletthone Printing, p05tsge & ststionery A¢Jverbsing Sundr$ Trustees expenses Entertsining Subscrlptions Comwter Repairs and renewals Accountsn Bank cha5 Legal and professional Bank knan interest Deprecobon of tsnglIe fixed assets Loss on gale of tsngiue fixed èÉsets 56,703 1,318 723 2fv92 3,519 807 4A42 2,126 565 1,090 56,703 1.318 723 2A92 3,519 807 4A42 1126 565 59,710 226 1,827 3,247 641 2,239 928 640 403 960 14,033 1,317 1,210 48 4,412 13,809 782 1,293 16,385 34,323 I,ios 3,977 4,581 15.140 782 L293 14385 34,323 1,105 3,977 4,581 15,140 1,348 IS3,123 153,123 107,820 Total resources expended 153,123 153,123 107,820 Net Income (57h04) (57,41M} 5305 This page dws not form part of the ststutory finènci31 siatements Page 17
Docusign En¥ÈlopÈ ID." 2544F672-OE2C414&ADEF-BD4B72ACBC85