2022-07-31-accounts - The Haydn Green Foundation

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		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	3
Report ofthe Independent Auditors	4	to	5
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements	10	to	16
Detailed Statement of Financial Activities		17

Trustees		H Singh
		J Basham	(resigned 21.9.22)
		J K Ash
Principal address		The Haydn	Green Foundation
		16 High Street
		Kegworth
		Derby
		Derbyshire
		DE74 2DA
Registered	charity number	1148099
Independent	auditors	Haines Watts
		Chartered	Accountants		8 Statutory	Auditor
		10Stadium		Business	Court
		Millennium	Way
		Pride Park
		Derby
		DE24 8HP
Solicitors		Shoosmiths
		The XYZ Building
		2 Hardman	Boulevard
		Spinningfields
		Manchester
		M3 3AZ
Bankers		Lloyds Bank		pic
		25 Gresham		Street
		London
		EC2V 7HN

					FOR	THE YE	AR ENDED 31JU	LY 2022
									2022	2021
							Unrestricted	Restricted	Total	Total
							fund	funds	funds	funds
						Notes		E
Income and endowments				from
Donations	and legacies					2	2,040,000		2,040,000	6,455,594
Other trading activities						3	2,643		2,643	5,514
Investment	income					4	10,234		10,234	183,521
Total							2,052,877		2,052,877	6,644,629
Expenditure on
Charitable	activities
Donations							74,500		74,500	20,047,220
Bank charges							60		60	60
Legal fees	in relation		to probate dispute		and
mediation							153,580		153,580	48,238
Other							540		540
Total							228,680		228,680	20,095,518
Net gains/(losses)		on investments					8,643		8,643	(25,528)
NET INCOMEI(EXPENDITURE)							1,832,840		1,832,840	(13,476,417)
Reconciliation of		funds
Total funds	brought		fonvard				2,036,9&4	(6,000,000)	(3,963,016)	9,513,401
Total funds	carried		forward				3,869,824	(6,000,000)	(2,130,176)	(3,963,016)

				31	JULY 2022
							2022	2021
					Unrestricted	Restricted	Total	Total
					fund	funds	funds	funds
				Notes		E	E	F.
Fixed assets
Investments				10	430,202		430,202	1,018,271
Current assets
Debtors					13,460	5,000,000	5,013,460	5,013,460
Cash at bank and		in hand			3,427,728		3,427,728	10,006,819
					3,441,188	5,000,000	8,441,188	15,020,279
Creditors
Amounts falling due within			one year	12	(1,566)		(1,566)	(1,566)
Net current	assets				3,439,622	5,000,000	8,439,622	15,018,713
Total assets less		current	liabilities		3,869,824	5,000,000	8,869,824	16,036,984
Provisions	for liabilities			13		(11,000,000)	(11,000,000)	(20,000,000)
NET ASSETS/(LIABILITIES)					3,869,824	(6,000,000)	(2,130,176)	(3,963,016)
Funds				14
Unrestricted	funds						3,869,824	2,036,984
Restricted funds							(6,000,000)	(6,000,000)
Total funds							(2,130,176)	(3,963,016)

				2022	2021
			Notes		E
Cash flows from operating	activities
Cash generated from operations			1	(7,186,037)	1,365,590
Net cash (used in)/provided	by	operating	activities	(7,186,037)	1,365,590
Cash flows from investing	activities
Sale offixed asset investments				600,543	130,563
Dividends received				6,403	11,105
Net cash provided by investing		activities		606,946	141,668
Change in cash and cash	equivalents		in
the reporting period				(6,579,091)	1,507,258
Cash and cash equivalents	at	the
beginning ofthe reporting	period			10,006,819	8,499,561
Cash and cash equivalents	at	the end	of
the reporting period				3,427,728	10,006,819

RECONCILIATION ACTIVITIES		OF NET	I	NCOME/(EXPEN	DITURE) TO NET	CASH FLOW	FROM OPERATI	NG
							2022	2021
							E	6
Net income/(expenditure)			for the reporting		period (as per the
Statement of Financial Activities)							1,832,840	(13,476,417)
Adjustments for:
Gain on investments							(3,831)	(172,416)
Dividends received							(6,403)	(11,105)
Realised gains on	investments						(8,643)	25,528
Increase in debtors								(5,000,000)
(Decrease)/increase		in creditors					(9,000,000)	20,000,000
Net cash (used in)/provided				by operations			(7,186,037)	1,365,590
ANALYSIS OF CHANGES			IN	NET FUNDS
						At 1.8.21	Cash flow	At 31.7.22
						E	E
Net cash
Cash at bank and	in	hand				10,006,819	(6,579,091)	3,427,728
						10,006,819	(6,579,091)	3,427,728
Total						10,006,819	(6,579,091)	3,427,728

2022	2021
Z	E
2,040,000	6,455,594

					2022	2021
					E
Bank interest					2,643	5,514
INVESTMENT INCOME
					2022	2021
Gains/loss	on revaluation				3,831	172,416
Income from fixed asset investments					6,403	11,105
					10,234	183,521
CHARITABLE ACTIVITIES COSTS
			Grant
			funding	of
			activities		Support
			(see note		costs (see
				6)	note 7)	Totals
						6
Donations			74,500			74,500
Bank charges					60	60
Legal fees	in relation	to probate dispute
and mediation					153,580	153,580
			74,500		153,640	228,140
GRANTS	PAYABLE
					2022	2021
					f
Donations					74,500	20,047,220

SUPPORT COSTS
		Management
		F
Other resources expended		540
Bank charges		60
Legal fees in relation to probate dispute	and
mediation		153,580
		154,180

					Unrestricted	Restricted	Total
					fund	funds	funds
					E	E	E
Income and endowments			from
Donations and legacies					1,455,594	5,000,000	6,455,594
Other trading activities					5,514		5,514
Investment income					183,521		183,521
Total					1,644,629	5,000,000	6,644,629
Expenditure on
Charitable activities
Donations					9,047,220	11,000,000	20,047,220
Bank charges					60		60
Legal fees in relation		to probate dispute		and
mediation					48,238		48,238
Total					9,095,518	11,000,000	20,095,518
Net gains/(losses)	on investments				(25,528)		(25,528)
NET INCOME/(EXPENDITURE)					(7,476,417)	(6,000,000)	(13,476,417)
Reconciliation of	funds
Total funds brought		forward			9,513,401		9,513,401
Total funds carried		forward			2,036,984	(6,000,000)	(3,963,016)

							Listed	Unlisted
							investmentsf	investments Z	Totals 6
	Market value
	At 1 August 2021						1,016,573	1,698	1,018,271
	Revaluations						12,474		12,474
	Reclassification/transfer						(600,543)		(600,543)
	At 31 July 2022						428,504	1,698	430,202
	Net book value
	At 31 July 2022						428,504	1,698	430,202
	At 31 July 2021						1,016,573	1,698	1,018,271
	There were no investment		assets outside the UK.
	The historical cost at 31	July 2022		is represented	by:
						Listed	Unlisted
				investments			investments		Totals
						F	F		L
	Cost				354,195		1,698		355,893
11.	DEBTORS:AMOUNTS	FALLING		DUE WITHIN ONE		YEAR
								2022	2021
								E	F
	Other debtors							13,460	13,460
	Contingent asset							5,000,000	5,000,000
								5,013,460	5,013,460
12.	CREDITORS: AMOUNTS		FALLING DUE WITHIN		ONE YEAR
								2022 F	2021f
	Other creditors							1,566	1,566
13.	PROVISIONS FOR LIABILITIES
								2022f	2021f
	Provisions							11,000,000	20,000,000

MOVEMENT	IN FUNDS
						Net
						movement
					At 1.8.21	in funds	At 31.7.22
					E	E	E
Unrestricted	funds
General fund					2,036,984	1,832,840	3,869,824
Restricted funds
General					(6,000,000)		(6,000,000)
TOTAL FUNDS					(3,963,016)	1,832,840	(2,130,176)
Net movement	in funds,	included		in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
						E	F
Unrestricted	funds
General fund				2,052,877	(228,680)	8,643	1,832,840
TOTAL FUNDS				2,052,877	(228,680)	8,643	1,832,840
Comparatives	for movement		in	funds
						Net
						movement
					At 1.8.20	in funds	At 31.7.21
					F.		E
Unrestricted	funds
General fund					9,513,401	(7,476,417)	2,036,984
Restricted funds
General						(6,000,000)	(6,000,000)
TOTAL FUNDS					9,513,401	(13,476,417)	(3,963,016)

Comparative	net movement in fund	s, included in the above are	as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
			E	F	E
Unrestricted	funds
General fund		1,644,629	(9,095,518)	(25,528)	(7,476,417)
Restricted funds
General		5,000,000	(11,000,000)		(6,000,000)
TOTAL FUNDS		6,644,629	(20,095,518)	(25,528)	(13,476,417)

A current year	12	months	and prior year 12 months	combined	position is as fo	llows:
							Net
						movement
					At 1.8.20f	in fundsf		At 31.7.22f
Unrestricted	funds
General fund					9,513,401	(5,643,577)		3,869,824
Restricted funds
General						(6,000,000)		(6,000,000)
TOTAL FUNDS					9,513,401	(11,643,577)		(2,130,176)
A current year	12 months		and prior year 12 months	combined	net movement	in funds,	included	in the above are
as follows:
			Incoming		Resources	Gains and		Movement
			resourcesf		expendedf		losses f	in funds f
Unrestricted	funds
General fund			3,697,506		(9,324,198)		(16,885)	(5,643,577)
Restricted funds
General			5,000,000		(11,000,000)			(6,000,000)
TOTAL FUNDS			8,697,506		(20,324,198)		(16,885)	(11,643,577)
DESIGNATED FUNDS
							2022	2021
								f
Haydn Green	doctoral programme						17,000	51,000
Marie Curie project ECHO							51,200	91,700
Total designated		funds					68,200	142,700

					2021	2021
Individual	Savings	Accounts		Limited	1,800,000
The PEP	Shop Limited				240,000
Expatriate	Advisory	Service PLC				1,419,499
Chapel Bar Securities			Limited			35,754
					2,040,000	1,455,253

		FOR THE YEAR ENDED 31	JULY 2022
			2022	2021
				E
Income and endowments
Donations and legacies
Donations			2,040,000	6,455,594
Other trading activities
Bank interest			2,643	5,514
Investment income
Gains/loss on revaluation			3,831	172,416
Income from fixed asset	investments		6,403	11,105
			10,234	183,521
Total incoming resources			2,052,877	6,644,629
Expenditure
Charitable activities
Grants to institutions			74,500	20,047,220
Support costs
Management
Professional fees			154,180	48,298
Total resources expended			228,680	20,095,518
Net income/(expenditure)		before gains and
losses			1,824,197	(13,450,889)
Realised recognised gains and losses
Realised gains/(losses)	on	fixed asset
investments			8,643	(25,528)
Net income/(expenditure)			1,832,840	(13,476,417)