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|||||Page||
|---|---|---|---|---|---|
|Chairman's
Report||||||
|Report ofthe|Trustees||2|to|11|
|Report ofthe|Independent|Auditors|12|to|14|
|Consolidated|Statement ofFinancial Activities|||15||
|Consolidated|Balance Sheet|||16||
|Balance Sheet||||17||
|Consolidated|Cash Flow|Statement||18||
|Notes to the Consolidated||Cash Flow Statement||19||
|Notes to the Consolidated||Financial Statements|20|to|31|
|Detailed Statement ofFinancial Activities||||32||
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|Our|key performance|indicators are:|||
|---|---|---|---|---|
||||2023|2022|
||Grants made||f601,229|K502,031|
||Investment
income||F161,479|6145,498|
||Donations
from|subsidiaries|f412,337|K354,673|
||Bank balances||f494,942|6585,109|
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|Bradford University
Charity Futures Fund||||
|---|---|---|---|
|2023 Committed
instalment||K10,000||
|Further Commitment||||
|Marie Curie Bradford (Charity Number 207994)||||
|2023 Committed
instalment||f74,363||
|Further Commitment||||
|Single Grant||610000|610,000|
|Martin House Children's
Hospice (Charity Number|517919)|||
|2023 Committed
instalment||f61,962||
|Further Commitment||||
|St.Gemma's Hospice (Charity Number 1015941)||||
|2023 Committed
Instalment||f25,000||
|Further Commitment||||
|Bolton Villas (Charity Number
1180791)|||K2,000|
|Bradford City Disability
(Charity Number 1122310)|||K2,000|
|Bradford Ear Trust (Charity Number 1061753)|||f.35,000|
|Bradford Food Bank (Charity Number
1126516)|||f22,000|
|Bradford Hospitals
(Charity Number 1061753)|||K5,000|
|Bradford Neonatal
(Charity Number 1061753)|||f30,000|
|Bradford Soup Run (Charity Number
1001738)|||K2,000|
|Bradford Talking Media (Charity Number
1077122)|||K1,000|
|Cancer Support Yorkshire (Charity Number 519429)|||K5,000|
|Candlelighters
(Charity Number
1045077)|||f10,000|
|Daybreak for the Elderly (Charity Number 1133373)|||K6,000|
|Dogs for Good (Charity Number
1092960)|||K4,000|
|Emerge (Charity Number 1152146)|||f24,000|
|Equality Together (Charity Number 700084)|||K5,000|
|Health Action Local Engagement
(Charity Number|1123542)||K1,000|
|Lippy People (Charity Number
1162902)|||K2,000|
|Macmillan
Nurses (Charity Number 261017)|||K5,000|
|One in a Million (Charity Number
1122573)|||f24,000|
|PHAB (Charity Number 283931)|||K2,000|
|Place2be (Charity Number
1040756)|||f10,000|
|Project 6 (Charity Number
1173006)|||K3,000|
|Prism Youth Project (Charity Number 523503)|||f,5,000|
|Ravenscliffe
Community
Association
(Charity||||
|Number
1099461)|||K5,000|
|Sue Ryder Manorlands
(Charity Number
1052076)||||
|2023 Committed
instalment
Further Commitment||f110,639
f241,590||
|Single Grant||610000||
||||6362,229|
|The Breathing
Charity (Charity Number 327033)|||K5,000|
|The Cellar Trust (Charity Number 701982)|||K5,000|
|The Memory Tree (CICNumber 08257864)|||f,2,000|
|The Salvation Army (Charity Number 214779)|||62,000|
|Yorkshire Film Archives (Charity Number
1093468)|||K5,000|
||||6601 229|
##
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||Sue Ryder|Martin House|StGemma's|Bradford|Total|
|---|---|---|---|---|---|
|||||University||
|2024|120,795|63,136|25,000|10,000|218,931|
|2025|120,795||||120,795|
||241 590|663 136|625 000|610000|6339726|
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|||for t|he
ear ended 31March|2023||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and legacies||||17,407|1,935,000|
|Other trading activities||||349,090|364,585|
|Investment
income||||161479|145498|
|Total income||||527,976|2445 083|
|EXPENDITURE ON||||||
|Raising Funds||||235,603|165,146|
|Charitable
activities||||||
|Grants||||621,678|521,219|
|Total expenditure||||857,281|686365|
|Net income before gains/losses||on investments||(329,305)|1,758,718|
|Net gains/(losses)
on investments||||~343699)|90415|
|NET INCOME||||(673,004)|1,849,133|
|Gains/(losses)
on the revaluation||offixed assets|||711,250|
|Taxation charges|||||152955|
|NET MOVEMENT IN FUNDS||||(673,004)|2,713,338|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought forward||||12,878,427|10,165,089|
|TOTAL FUNDS CARRIED FORWARD||||12,205,423|12,878,427|
##
|T|he Har
dt M|ar
Foundation|||
|---|---|---|---|---|
||Consolidated|Balance Sheet|||
||31March 2023||||
||||31.3.23|31.3.22|
||||Unrestricted|Total|
||||fund|funds|
||Notes||||
|FIXEDASSETS|||||
|Investments|13||12,107,680|11,741,839|
|CURRENT ASSETS|||||
|Debtors|14||89,008|1,046,271|
|Cash at bank|||494,942|585,109|
|NET CURRENT ASSETS|||583,950|1,631,380|
|CREDITORS|||||
|Amounts
falling due within one year|15||(365,412)|(396,656)|
|NET CURRENT ASSETS|||218538|1,234 724|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||12,326,218|12,976,563|
|CREDITORS|||||
|Amounts
falling due after more than one year|16||(120,795)|(98,136)|
|NET ASSETS|||12205,423|12878427|
|FUNDS|17||||
|Unrestricted
funds|||12205,423|12878,427|
|TOTAL FUNDS|||12205 423|12878427|
##
||Balance Sheet|||
|---|---|---|---|
||31March 2023|||
|||31.3.23|31.3.22|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Investments|13|11,795,967|10,688,359|
|CURRENT ASSETS||||
|Debtors|14|29,328|990,000|
|Cash at bank||87,014|199,456|
|NET CURRENT ASSETS||116,342|1,189,456|
|CREDITORS||||
|Amounts
falling due within one year|15|(277,657)|(243,942)|
|NET CURRENT ASSETS/(LIABILITIES)||~161,315)|945 514|
|TOTAL ASSETSLESSCURRENT||||
|ASSETS/(LIABILITIES)||11,634,652|11,633,873|
|CREDITORS||||
|Amounts
falling due after more than one year|16|(120,795)|(98,136)|
|NET ASSETS||11,513,857|11535,737|
|FUNDS|17|||
|Unrestricted
funds||11,513,857|11535,737|
|TOTAL FUNDS||11,513,857|11535,737|
|||||The Harr|The Harr|&Ma|Foundation||
|---|---|---|---|---|---|---|---|---|
|||||Consolidated||Cash|Flow Statement||
|||||for the|ear|ended|31March 2023||
||||||||31.3.23|31.3.22|
|||||Notes|||||
|Cash flows from|operating|activities|||||||
|Cash generated
from operations|||||||337,521|782,053|
|Tax paid|||||||||
|Net cash provided|by operating||activities||||337,521|782053|
|Cash flows from|investing|activities|||||||
|Purchase offixed|asset investments||||||(3,127,105)|(3,673,337)|
|Sale offixed asset investments|||||||2,537,424|1,861,466|
|Investment
income received|||||||161,993|145,498|
|Net cash (used in)/provided||by|investing|activities|||427,688|i1,666,373)|
|Change in cash|and cash equivalents|||in the|||||
|reporting
period|||||||(90,167)|(884,320)|
|Cash and cash equivalents||at|the beginning||||||
|ofthe reporting|period||||||585 109|1479670|
|Cash and cash equivalents||at|the end|ofthe|||||
|reporting
period|||||||494 942|585,109|
##
##
|||Notes to the Consolidated
Cash Flow Statemen
for the
ear ended 31March 2023|Notes to the Consolidated
Cash Flow Statemen
for the
ear ended 31March 2023|t|t|
|---|---|---|---|---|---|
|RECONCILIATION||OFNET INCOME TO NET CASH FLOW FROM||OPERATING ACTIVITIES||
|||||31.3.23|31.3.22|
|Net income for the|reporting||period (as per the Statement ofFinancial|||
|Activities)||||(673,004)|2,560,383|
|Adjustments
for:||||||
|Losses on investments||||401,658|283,773|
|(Gains) on investment||properties||(119,870)|(711,250)|
|Profit on disposal ofinvestments||||(57,948)|(374,190)|
|Investment
income||||(161,993)|(145,498)|
|Increase in debtors
Increase/(Decrease)|in|creditors||957,263
~8,585|(941,756)
110,591|
|Net cash provided|by|operations||337,521|782,053|
##
##
|ANALYSIS OF CHANGES IN NET F|UNDS|||
|---|---|---|---|
||At 1.4.22|Cash fiow|At 31.3.23|
|Net cash||||
|Cash at bank|585,109|90,167|494,942|
||585,109|90,167|494,942|
|Total|585 109|90,167|494942|
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||||3L3.23|31.3.22|
|---|---|---|---|---|
||Property|letting|349 090|364 505|
|4.|INVESTMENT INCOME||||
||||31.3.23|31.3.22|
||Income|from listed investments|161,479|1~45498|
|5.|CHARITABLE ACTIVITIES COSTS||||
||||31.03.23|31.03.22|
||Grants|(see note 6)|601,229|502,031|
||Support|Cost|20,449|19,188|
||||621,678|521,219|
##
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##
##
|GRANTS PAYA|B|LE|||||
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
|Grants|||||601,229|502,031|
|The total grants paid to institutions||||during the year was as follows:|31.3.23|31.3.22|
|The Ear Trust||||||5,000|
|Sue Ryder, Manorlands|||||362,229|10,000|
|Marie Curie|||||10,000|10,000|
|Bradford Nightstop||||||34,200|
|Bradford Hospitals|||||5,000|5,000|
|Daybreak for the Elderly|||||6,000|5,000|
|Emmaus||||||2,000|
|Cancer Support Yorkshire|||||5,000|5,000|
|Bradford Soup Run|||||2,000|2,000|
|The Sequal Trust||||||8,321|
|Bradford City Disability|||||2,000|2,000|
|Bradford Food Bank|||||22,000|11,600|
|Health Action Local||Engagement|||1,000|1,000|
|Bradford Ear Trust|||||35,000||
|Ravenscliffe
Community|||Association||5,000|5,000|
|The Cellar Trust|||||5,000|5,000|
|Prism Youth Project|||||5,000|5,000|
|Equality Together|||||5,000|5,000|
|The Salvation Army|||||2,000|2,000|
|St.Gemma's||||||185,910|
|Martin House||||||116,000|
|Bradford Talking Media|||||1,000|1,000|
|The Breathing
Charity|||||5,000|5,000|
|Dogs for Good|||||4,000|4,000|
|Bradford Neonatal|Unit||||30,000||
|Candlelighters|||||10,000|10,000|
|One in aMillion|||||18,000|18,000|
|Bolton Villas|||||2,000||
|Macmillan
Nurses|||||5,000|5,000|
|PHAB|||||2,000|2,000|
|Bradford University||Futures Fund||||30,000|
|The Memory Tree|||||2,000|2,000|
|Emerge|||||24,000||
|Lippy People|||||2,000||
|Place2be|||||10,000||
|project 6|||||3,000||
|Yorkshire Film Archives|||||5,000||
||||||601,229|502,031|
##
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##
|RAISING FUNDS||||
|---|---|---|---|
|||31.3.23|313.22|
|Investment
management|fees|35,476|34,279|
|Property cost||200 127|130,867|
|||235603|165,146|
|SUPPORT COSTS||||
|||31.3.23|31,3.22|
|Governance
cost||20449|19188|
|||20449|19,188|
|Governance
costs||31.3.23|31.3.22|
|Auditors fee||9,667|2,100|
|Accountancy
Fee||1,685|3,420|
|Management
Fee||5,000|5,000|
|Office overheads||4097|8668|
|||20449|19188|
|NET INCOME/(EXPENDITURE)||||
|Net income/(expenditure)|is stated after charging/(crediting):|||
|||31.3.23|31.3.22|
|Auditors'
remuneration||16,667|12,100|
|Surplus
in disposal offixed assets||61,911|374 190|
##
##
##
##
##
##
|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
||Investment|Fixed asset||
|Consolidated|properties|investments|Totals|
|MARKET VALUE||||
|At 1 April 2022|5,681,450|6,060,389|11,741,839|
|Additions|990,130|2,136,975|3,127,105|
|Disposals
Revaluations|(1,918,750)
119870|(598,227)
~364 157)|(2,516,977)
~244 287)|
|At 31March 2023|4 872700|7234980|12 107,680|
|NET BOOKVALUE||||
|At 31March 2023|4 872700|7234,980|12 107,680|
|At 31March 2022|5,681,450|6,060,389|11,741,839|
|and the directors. Ifthe investment
|properties
had not been re|value|d,
they would ha|ve been included|at K3,644,424|
|---|---|---|---|---|---|
|Charity|Shares in|||||
||Group||Investment|Fixed assets||
||Undertakings||properties|investment|Totals|
|MARKET VALUE||||||
|At 1 April 2022|6,538,370||175,000|3,974,989|10,688,359|
|Additions|||990,130|335,717|1,325,847|
|Disposals||||(253,097)|(253,097)|
|Revaluations
At 31March 2023|653~83|Q|309,870
1475 000|+2275,011
~82~|34,859
11795 967|
|NET BOOK VALUE||||||
|At 31March 2023|6 538 370||1475 000|3 782597|~11 ~967|
|At 31March 2022|653~89||175,000|~39 4989|10688 359|
##
##
##
|DEBTORS:AMOUNTS FALL|ING DUE WITHIN ONE YEAR|ING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||Consolidated||Charity||
||31.3.23|31.3.22|31.3.23|31.3.22|
|Trade debtors|34,798|17,957|||
|Other debtors|26,398|1,013,454|16,039|990,000|
|Prepayments|27 812|14860|13289||
||89008|1 046 271|29 328|990000|
|CREDITORS: AMOUNTS FALLING|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||Consolidated||Charity||
||31.03.23|31.3.22|31.03.23|31.3.22|
|Other Creditors|25,360|3,925|26,820|5,805|
|Other taxes and social society|20,901|20,254|||
|Accrued expenses|319151|372477|250 837|238,137|
||365412|396656|277 657|243 942|
|CREDI|TORS: AMOUNTS FAL|LING DUE AFTER MORE THAN ONE Y|LING DUE AFTER MORE THAN ONE Y|EAR||
|---|---|---|---|---|---|
|||Consolidated||Charity||
|||31.03.23|31.3.22|31.03.23|31.3.22|
|Accrued|expenses|120795|98 136|120795|98 136|
|||120795|98 136|120795|98 136|
##
##
##
|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
|||||Net||
|Consolidated||||movement|At|
||||At 1.4.22|in funds|31.3.23|
|Unrestricted|funds|||||
|General fund|||10,695,351|(391,216)|10,304,135|
|Fair Valuation|reserve||2,183,076|(281,788)|1,901,288|
|TOTAL FUNDS|||12,878,427|~673,004)|12205 423|
|Net movement|in funds, included|in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||527,976|(857,281)|(61,911)|(391,216)|
|Fair Valuation|reserve|||(281,788)|(281,788)|
|TOTAL FUNDS||527976|~857,281)|~343,699)|~673,004|
|Charity||||Net||
|||||movement|At|
||||At 1.4.22|in funds|31.3.23|
|Unrestricted|funds|||||
|General fund|||11,247,027|(56,740)|11,190,287|
|Fair Valuation|reserve||288,710|34,859|323,569|
|TOTAL FUNDS|||11,535,737|~21 881|11513,856|
|Net movement|in funds, included|in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||632,781|(680,424)|(9,097)|(56,740)|
|Fair Valuation|reserve|||34,859|34,859|
|TOTAL FUNDS||632,781|~680,424|~25,762)|~21881)|
##
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##
|Comparatives|for movement|in|funds||||
|---|---|---|---|---|---|---|
|Consolidated|||||movement|At|
|||||At 1.4.21|in funds|31.3.22|
|Unrestricted|funds||||||
|General fund||||8,577,299|2,118,052|10,695,351|
|Fair Valuation|reserve|||1,587,790|595,286|2,183,076|
|TOTAL FUNDS||||10,165089|2 713338|12878,427|
|Net movement|in funds, included||in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted|funds||||||
|General fund|||2,445,083|(695,513)|368,482|2,118,052|
|Fair Valuation|reserve|||162,103|433,183|595,286|
|TOTAL FUNDS|||2 929 558|~533,4107|801,655|2 713328|
|Charity|||||Net||
||||||movement|At|
|||||At 1.4.21|in funds|31.3.22|
|Unrestricted|funds||||||
|General fund||||9,336,226|1,910,801|11,247,027|
|Fair Valuation|reserve|||275,833|12,877|288,710|
|TOTAL FUNDS||||9,612059|1 923 678|11535 737|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||2,356,193|(541,240)|95,848|1,910,801|
|Fair Valuation|reserve|||12,877|12,877|
|TOTAL FUNDS||2,356,193|(541,240)|108,725|1,923,678|
##
##
##
|Consolidated|||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.4.21|in funds|31.3.23|
|Unrestricted|funds||||
|General fund||8,577,299|1,726,836|10,304,135|
|Fair Valuation|reserve|1,587,790|313,498|1,901,288|
|TOTAL FUNDS||10,165089|2040334|12205,423|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||2,973,059|(1,552,794)|306,571|1,726,836|
|Fair Valuation|reserve||162,103|151,395|313,498|
|TOTAL FUNDS||2,973,059|~1,390,691)|457,966|2040334|
|Charity||||||
|||||Net||
|||||movement|At|
||||At 1.4.21|in funds|31.3.23|
|Unrestricted|funds|||||
|General fund|||9,336,226|1,854,061|11,190,287|
|Fair Valuation|reserve||275,833|47,736|323,569|
|TOTAL FUNDS|||9612059|1,901797|11513856|
##
##
##
|follows:||I|||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||2,988,974|(1,221,664)|86,751|1,854,061|
|Fair Valuation||reserve|||47,736|47,736|
|TOTAL|FUNDS||2 988974|~1,221 664|134487|1 9131797|
##
##
|||||Holmfirth|Blenheim|
|---|---|---|---|---|---|
|||||Properties|House|
|||||Limited|Properties|
||||||(Bradford)|
||||||Limited|
|Company
Number||||01041624|00670117|
|Turnover||||80,963|156,755|
|Cost ofsales||||||
|Gross Profit||||80,963|156,755|
|Other expenses||||(105,469)|(71,389)|
|Other operating
income||||35,848|33,966|
|Unrealised
gains/|(losses)|||(16,744)|(352,717)|
|Tax on profit on ordinary|||activities|||
|Profit on ordinary|activities after tax|||(5,402)|(233,385)|
|Qualifying
charitable||donation||187,566|224,771|
|Retained profit for|the|period||(192,968)|(458,156)|
|Tangible fixed assets||||2,837,539|4,012,544|
|Net current assets||||204,768|175,085|
|Provisions||||||
|Net Assets||||3,042,307|4,187,629|
|Share Capital||||1,000|100|
|Other Reserves||||851,611|480,996|
|Profit and loss account||||2,189,696|3,706,533|
|Shareholder's
funds||||3,042,307|4,187,629|
##
##
|||||31.3.23|31.3.22|
|---|---|---|---|---|---|
|INCOME AND ENDOWMENTS||||||
|Donations
and legacies||||||
|Donations
and legacies||||429,744|2,289,673|
|Investment
income||||||
|Rents received||||111,372|5,030|
|Income from listed investments||||91665|61,490|
|||||203 037|66 520|
|Total incoming resources||||632,781|2,356,193|
|EXPENDITURE||||||
|Raising Funds||||||
|Property Expenses||||27,516||
|Charitable
activities||||||
|Grants to institutions||||601,229|502,031|
|Support costs||||||
|Governance
costs||||||
|Auditors'
remuneration||||9,667|2,100|
|Accountancy
fees||||1,685|3,420|
|Legal and professional||||9,949||
|Investment
management||fee||21,281|20,021|
|Management
fees||||5,000|5,000|
|Office overheads||||4 097|8,668|
|||||51 679|39209|
|Total resources expended||||680,424|541240|
|Net income before gains||and losses||(47,643)|1,814,953|
|Realised gains and losses||||||
|Gains/ (losses) on sale of||fixed asset investment||(9,097)|95,848|
|Unrealised
recognised|gains and losses|||||
|Unrealised
gains/(losses)||on fixed asset investments||(275,011)|(17,123)|
|Unrealised
gains/(losses)||on investment|property|309870|30000|
|Net income||||~21,881)|1 923,678|