## **Hudswell Charity  2022** 

## **Housing** 

Throughout the last year all six of our properties have been fully let to local families and individuals all of whom have strong local connection. There have been no vacancies.  We are well aware of the impact of increasing fuel process on our tenants.  Our three new homes are well insulated and have ground source heating systems and solar panels which means that our tenants there are protected from the rising cost of oil. We have also continued to invest in our three older properties seeking to make them more energy efficient and attractive. Last year we reported that, as demand for our homes was strong, we were considering whether the Charity should invest further in the village by building a few more homes for rent or possibly shared equity.  We have made some progress on the idea and hope to receive a grant aid from Richmondshire District Council to explore the viability of building up to three low energy, low environmental impact homes on the land behind Plews Cottages.  We will be consulting the village about this once this proposal has been firmed up. 

## **St Micheal and All Angels Church** 

We held a well-attended public meeting in the former church in August 2021 at which we explained our plans to convert St Michaels church into a hostel for walkers and cyclists.  Those attending had a number of concerns about the proposal, most of which the trustees were able to offer reassurance on.  We were finally able to submit a planning application to the Yorkshire Dales National Park Authority last October.  However, as the Authority’s Listed Buildings Officer had a number of objections to the design, in particular to the glass walls that were included to protect the new staircase, we have asked the Planning Authority not to determine the application until we have been able to address this issue. It has taken a long time to find a Fire Engineer to work on alternative proposal that would involve a misting system to suppress fire, thus dispensing with the need for these walls.  As yet, this issue has not been fully resolved.  In the meantime, we have finalised business plan which demonstrates that the hostel will be a viable business even at fairly modest occupancy rates and we have employed a Quantity Surveyor to estimate the costs of the conversion work.  He estimates these to be around £800,000.  However, with the costs building materials continuing to rise we have to assume that the cost will be greater than this. The challenge of raising these funds largely from grant aid will be considerable. 

Richmonshire Building Conservation Trust (who own The Station) have offered us their support and have also put us in touch with a group who are developing an English Camino route (the Camino Ingles), from Finchale Priory in County Durham, via the Cathedrals of Durham, Ripon and York, on to the south coast, where a ferry can be caught to A Coruna in northwest Spain, from where the Camino continues to Santiago. These pilgrimage routes are increasingly popular and as the route passes through Richmond and then on to Leyburn it can take in Hudswell and our hostel housed in a former church.  This will boost the viability of the hostel and help with our fund-raising efforts, which have yet to begin in earnest. 

## **Grant aid** 

Following our merger with the Hudswell Schools Charity the trustees published the availability of education grants to Hudswell residents from our newly 



established Education Fund.  A few applications have received and agreed.  The Charity also provided a grant towards the cost of the Hudswell Children’s Christmas party, which, due to Covid restrictions, has not yet taken place!  As reported last year the Charity is able to support any project in the village which meets the following criteria, the grant will either: 

1. Promotes sport, recreational activities, or play 

2. Promotes health or the relief of sickness or disability 

3. Promotes education or training 

4. Promotes wellbeing. 

However, other than those mentioned above, no requests for assistance have been received.  We would be very happy to consider any idea that would add to the vitality of village life. 

## **Charity Trustees** 

Susan Ferns-Williams remains the chair of the Charity and the Hudswell Hostel @ St Michaels board of directors.  During the year Sheila Sadler resigned as a Charity Trustee, but we are pleased to report that two new villagers have joined both the Charity and the Church project, these are Heather Swettenham and Phil Simmonds. The current trustees are therefor Ian Whinray, Susan Ferns Williams, Rev Martin Fletcher, Martin Booth, Annie Sumner, Paul Chapman, Heather Swettenham and Phil Simmonds. 

## **Martin Booth Secretary Hudswell Community Charity Secretary October 2021** 



CHARITY REGISTRATION NUMBER: 1161514
Hudswell Community Charity
Unaudited Financial Statements
31 October 2021
IAN CRI
OP ACCOUNTANC
Chartered accountants
Unit 1, Borough House Business Centre.
5 Borough Road. Richmond.
North Yorkshire
DL10 4SX

Hudswell Community Charity
Financial Statements
Year ended 31 October 2021
Pagè
Trustees. annual report
Independent examinerfs report to the trustees
ststement of financial actiifjties
Statement of financial position
Notes to the financial statements
The following pages do not forni part of the financial slatements
Detailed statement of financial activities
17
Notes to the detailed statement of financial activities
18

Hudswell Community Charity
Truslees. Annual Report
Year ended 31 October 2021
The trustees present Iheir report a￿1 the unaudited financial statements of the charity for the year
ended 31 October 2021.
Reference and administrdtive detsils
Registered charity name
H￿j$W￿l Communty Charity
Chafity registration mimb¢r
1161514
Prlncipal office
Sheep Dip Cottage
Hudswell
RichrnoThJ
North Yorkshire
DL116BQ
The trustoes
Rev M Fletcher
Mr P Chapman
MrMTBooth
Ms J A Sumner
Mrss Sadler
Mrs S C Fem•Williams
Mr I Whinray
Independent examin
Mr R I Crisop
Untl 1. Borough House Business Centre.
5 Borough Road. Richmond.
North Yorkshire
DL104SX
Structure. govemance and management
The Charity is govemed by a board of trustees meet on a regular basis and is constituted under
the Charities. Act 2011.
Oblectlves and aetlvltles
Charitatle objects
The prevenb.on or ￿lef of p)verty and the rdief of sickness in Hudswell and the surrounding areas.
Activities
Hudswell Community ¢harity fuifiis its objectNes through providing housing for those are in need,
providing granls lo young people tn higher education and ￿1th the maintenance, improvement or
provision ol public amenities.

Hudswell Community Charity
Trustees. Annual Report I￿111￿1￿d}
Year ended 31 October 2021
Achievements and perfomianGg
Housing
Throughout the last year all six of our prokwties have been fulty to local families and individuals.
There has been a one vacancy cased by the death of one of our residents. There was considera￿¢
interest in this vacancy, including some from some awAicants VAV) had strong local Ix)nnections and
goo*1 reason to want to live in Hudswdl, dKJ nol qualrfy as they owned their own homes and were
not. therefore, in housing need. Thi5 led to the trustees considering whether we should look to build
some more properlies.that w(MJld be available on a shared equty basis. This is a question that we w15
address over the next 12 months. We were. however, quicky a*￿e lo fill the vacancy with 2 f8mdy who
were in housing need who fvlly met Dur criteria. For the past year, Iherefore, our aim of haviTh3 Six
untts to let lo local residents with a strong Iccal c￿ne￿￿"0n has continued to be mel
Si Micheal and All Angels Church
The lockdown caused by the Covid 19 pandemic has led to a ￿0W1￿ of progress on this project.
Neverlhel8ss. we have been al￿e to finaise a design for the hostel that wil prowde 16118 beds in a
mixture of four bgd and throe bedded rooms. all of wll have their own toilet and bathroom.
There will be a resident's lounge. kitchen. off￿e space for the centre warden and a drwr¥J room. of
this (an be achieved within the current strEII of the building so there w￿11 be no changes to the church's
external appearance. We held a meeting in Augusl lo present these proposals to the village.
The meeting was held in the church building and attended by 36 local residents. The proposals were
presented and discussed al length by the meeting and many questions were answered. The plans are
now rea(ty to be submitted lo the Yorkshire Dales National Park Authority for planning approval.
The ownership of the church has now passed from the local parish to ￿ Dictese of Leeds and they
have carried wl some minirnal works to the buikling tfvthich should prevent further decay. We conlinue
to work on a business.plan vthich is rK)w almost complete. This demonstrates Ihat Ihe hostel will be a
viable be a viable business that will eventualty generate small surrAuses that wll te gifted to the
Hudswell Community Charity. This business plan will form the basis of bids for capital fijnding to
convert the ￿lIdIng once planning consent has been achieved.
As we ex ￿ained last year the ownership and managernent of this project is vested in a separate not for
profil company, called Hudswell Hostd @St Michaels. This is legal separate from. but wholly owned by
Hudswell Communty Charty. . Merger with the Hudswell SChf￿5 Charity During the year the trustees
wefe approached by the tnJstee5 of the HLwJswdl Schods Charity who wanted us to consider taking on
the work of this Charity. Working with the Chartty Commission it was agreed to dose the Sclvjols
Charity and merge ils wc¥k wth that of Hudswell C(mmuntty Charity. The remaining funds from the
Schwls Chanty - around £8.000
w￿￿ transferred to Hudswell Community Charity and we have
established a new Education. Fund from which we wÈll fund educath)n grant to w)ung people in the
villag8. Following publicty atN)ut this we have had three applications to the fund - all of which were
agreed and we expect to recave man¥ more. We have agreed to dedicate some of the income that we
receive from rent lo the Educats"on Funds so that ￿￿ can ensure that tts funds lo not become depleted.
Grant Aid
Other than the Education Grants. we have not gNen any grant aid thi% year and the Iruslees have
agreed lo put4icise the availability grant aKI from Ihe Charity lo supporl any project in the village vthich
meets the fcAlowiThJ criteria. the grant wll either: 1. Promote srKJrt, recreational activities, or play 2.
Promote health or the relief of sickness or dBability
3. Promote education or training
4. Promote wellbeing.
We hope that this wll stimulate interest in womoting new cunmunity actmlies in the wlage as we
emerge from the COVKI 19 pandemic.

Hudswell Community Charity
Trustees. Annual Report
Year ended 31 October 2021
Financial review
It 15 the goal of Ihe Charty lo maintain unrestricted funds at a level that equates to approximately 3
months unrestricted expenditure. This would rKovbJe sufficient ftjnds to c(wer management.
Iministralion and supwt Costs in adverse coThJitM)ns.
The trustees, annual rewrt was approved on 22 D￿ember 2021 a￿1 suned on behalf of the board of
tnjstees by.
Mr M T Booth
Trustee

Hudswell Community Charity
Independent Exathinerfs Report to the Trustees of Hudswell Ccmimunlty
Charity
Year onded 31 October 2021
I report to the trustees fm my examination of the financral statements of Hudswell C[￿M￿lty Charity
{'the chaTiWI for the year ended 31 October 2021.
Responsibilities and basls of report
As the trust8es of the charity are responsible for the preparation of the financial statsments in
cordance with the requirements of the Charities Act 2011 {the ACV).
I report in respect of my examination of the chariws financial statements ￿￿led out under section 145
of the 2011 Act and in carrwng out my examination I have fdlowed all the applicable Directions given
by the Charity Commission under 145(5)Ib) of the ACL
Independent examinerfs ststement
I have completed my examination. I cx)nfirm that no material matters fAve come to my attentson in
connection wth the examinatton giving me cause to believe that in any material respect".
ac(x)unting records were rnt kept in re5pecl of the charity a5 required by section 130 of the
Act.. or
the financial statements do not accord those records.. or
the finanaal statements do not c￿PIY with the ap￿ICable requirements ¢(￿Ce￿Ing the fom
and content of acctyjnts set out in Ihe charib.es {Accounts and Reports) Regulats"on5 2008
other than any requirement that the accounts give a 'ttue and fai< view which is not a matter
considered as part of an independent examinati￿.
I have no concems and have come across no other matters in connection with the examin8tion to
which attention should be drawn in this report in iyder lo en8￿e a proper understanding of the
accounts to be reached.
MrRICriso
Independent Examiner
Unil 1, Borough House Business Centre.
5 Borough Road. RichM￿d,
North Yorkshire
DL10 4SX
22 December 2021

Hudswell Community Charity
Statemont of Financial Activities
Year ended 31 October 2021
2021
Unrestricted
funds Total funds Total funds
2020
Income and endowments
Donations and legacies
Charitable activities
Inveslmenl income
9,006
2.918
33,952
45.876
.2,918
33.952
2,727
36.444
Total incomè
45,876
39.171
Expenditure
Expenditure on charita￿e activibes
Total expenditure
26,465
17,478
26.465
17,478
Net income
19.411
19.411
21,693
Other recognised gains and losses
Fair value movements
2.999
Net movemenl in funds
22.410
22.410
21,693
Rocoficiliation of funds
Total funds brought forward
Total funds carrieil forward
445,032
467,442
445.032
423,339
467.442
445,032
The stslement of financial actiwties iThs￿leS all gains and losses recognised in the year.
All income and expenditure derive from continuing actsvibes.
Thg notes on paws 7 to 15 fornj part of th•s• financial stat•m•nts.

Hudswell Community Charity
statement of Financial Position
31 October 2021
2021
2020
Nots
Fixed assets
Tangible fixed assets
Investments
13
14
619,870
27.999
631,674
647.869
631.674
Current assets
Debtors
Cash al bank and in ha
15
766
48.690
207
59,052
49,4
59.259
Creditors: amounts falllng due wllhln one year
Nèt curront assets
16
7.925
16.080
41,531
43.179
674.853
Total assets less currant liabiliti95
689,4tK)
Crgditors: arnounts falling due after more than one year
Net assets
17
221,958
229,821
467,442
445.032
Funds of the charity
Unrestricted funds
467.442
467.442
445,032
Total charity funds
18
445,032
These financial slalemenls V￿re approved by the board of trustees and authorised for issue on 22
December 2021. and are s¥Jned on behalf of the board ty.
Mrm
Trustee
Booth
The not¢$ on pag95 7 to 15 form part of th•sè financial stat•m9nts.

Hudswell Community Charity
Notes to the Financial Statements
Year ended 31 October 2021
General infonnation
The charity is a public benefit entity a registered thiity in England aThJ Wales and is
unincorporated. The address of the prir￿1Pal office is Sheep Dip Cottage, Hudswell. Richmond.
North Ycxkshire. DL116BQ.
Statement of compliance
These financial StsI￿ents have ￿en prepared in COm￿lance with FRS 102, 'The FinancLql
Reporting Standard ap￿￿l¢atAe In the UK and the ReputAic of Ireland,, the Statement of
Recommended Practice applicable lo charities preparing Iheir accounts in. accordance with the
Financial Reporting Standard aprA1Ca￿e in the UK and RepULl￿ of Ireland IFRS 1021 (Charrties
SORP IFRS 102)) and the Charities Act 2011.
counting pollcies
Ba$ls of preparation
The financial statements have been prepared on the historical ¢￿t basis, as modffied by the
revaluation of cettain financ￿1 assets aThJ liabilities and inNEStment prcve￿eS measured at fair
value through income ￿ expenditu￿.
The financial statements are prepared in $teding. ￿1¢h is the functional currency of the entity.
Going ¢onGe
There are no material uncertainlies the charitys abilty to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounls reported. These esbmales and judgements
are continually reviewed and are based on experience and other factors, induding expectations of
future events thal are believed to be reasonable under the urcumstances. d judgements are
continually rewewed and are based on exwience and other factors, induding expectations of
future event5 that are believed lo bg r￿sonab￿ under Ihe circumstances.
Fund accounting
unrestn.cted funds are aVala￿e for use at the discretion of the trustees to futher any of the
charivs purposes.
Designated funds are unrestricted funds eamiarked by Ihe Irustees for partiCU￿r future projo¢t or
commibmenl.
Restricted funds are subjected to resbictions on their expenditure declared by the donor or
through the lerms of an appeal. and fall into one of sutpdasses: restricted inc￿le funds or
endowment funds.

Hudswell Cornmunity Charity
Notes to the Financial Statements (C￿￿￿￿6
Year ended 31 October 2021
A¢￿￿nting policies (conlln
Incoming resource5
lsjl incoming resources are Ind￿led in the statement of finantia aetivibes when entitlement has
passed to the charity.. it is probable that the ecortomic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured The fdSowng spe(afic policies are
appl*d to particular categories of income..
income Imm donations or grants i% recconised there is evTdenct of enttuement to the
grft. receipt Is probable and its amount can be measured rdiabty.
legacy income is recryJnised when feceipt is tKDbable arml entiuement ia established.
income from donated 9￿dS is measured al the fair value of the gorKls unless this is
impractical to measure rel￿trAy. in whth case the value is deriv￿1 from the cost to the donor
or the estlmated resJe valu& Donated facilttie5 and services are recognised in the accounts
when re¢￿Ved rf the value be reliab￿ measurert. No amcAJnts are included for the
contribut1￿ of general volunteers.
income fro￿ Contracts for the supply of Ser￿￿$ is recognised wtih the delivery of the
contracte¢J service. This i% dassified as unresthded funds unless there is a contractual
requirement for il to be spenl on a partw)Jlar purpose aThJ ￿lumed if unspent, in which case
il may be regarded as rest￿led.
Resources expended
Expenditure is reccgnised on an &cruals basis as a liability 15 incurred. Expendtture includes any
VAT which cannot be fully recovered, and is cjassified under head1r￿ of the stalemenl Df
financial activtbes to ￿lch it rdates"
eX￿n￿lture on raisirKJ funds indudes the costs of all fvndraisiNJ acti'vrtw. events. non
charitsble trading activities, aThJ the sale of donated goods.
8xpenditsJre on Charital￿e ¥liwties indLNles all costs incurred by a charity in undertaking
activrties that further its charitthe aims for the benefit of tts beneficiarie5, including those
support costs and costs rdating to the govemance of the charity apportioned to charitable
activities.
other expendtiure indudes all expendi￿re that is neither related to raising funds for the
charity nor part ol its eX￿ndItuTe on chaiitable activities.
I wsts are alkN2ted to expenditure catewies refleckn.ng use of the resource. Direct costs
attributable to a single activity are alk)cated dir￿llY to thal activrty. Shared costs are apportioned
be￿￿en the actiwties they contribute to on a reasonable. jUsti￿bIe and consistenl ba8As.
Tangiblo assets
Tangible assets are initi.ally recorded at cosL and subsequenuy stated at cost less any
accumulated depreciation and impairmerbt 105ses. kny tangible assets carried at revalued
amounts a￿ recorded at the fair value al the d*e of revaluab.on less any subsequent
accum￿ated depreciation and subsequent accumulated impairment losses.

Hudswell Community Charity
Notes to the Financial Statements (wnthiu•dJ
Year ended 31 October 2021
Ac¢ounllng policies (¢onvnt￿dj
Tangible assets
An increase in the carying amount of an asset as a result of a rev￿UatIon, is recognised in other
recrynised gains and losses, unless ti reverses a charge for impairment that has previously been
reeognised as expenditure wilhin the statement of financial activitres. A decrease in the c2rrying
amount of an asset as a re5uII of revaluatiw. is rec(KJnised in other recognised gains and losse5,
except to which it offsets any prevK)us revaluation gain. in which case the k)ss is shown within
other rec(yJnised gains and losses on the statement of financia activities.
Depreciation
Depreciation ts calculaled so as lo vrrite off the cost or valuath)n of an asset. less its residual
value. over the useful economic lrfe of thal asset a5 folkxvs:
Freehold property
t4ant an(J machinery
5% straight line
10% straight line
Inv8Stments
Unlisted equity investments are initialy recorded 8t cost. and subsequenuy measured al fair
value. If fair value cannot be reliatly measured. assets are measured at cost less impaim)enL
Listed investsments are measured at fair walue v4ith changes in fair value being r￿ogniSed in
income or expenditure.
Investments in assoclates
Investments in associates accounted for in xoydance ￿th cost M￿e1 are reeAxded at cost
less any accumulaled impairment losses.
Investments in associates accounted for in aC￿rdance vAlh the fair value m(￿le1 are initially
recorded at the transaction price. At each reporting date, the inveslments are measured at fair
value, with changes in fair vJue taken through income or expenditure. Where it is impractica￿8
to measure fair value rellat￿Y wilhout undue cost or effort. the cost model will be adopted.
Dividends and olhei disiributions re￿IVed from Ihe investrnent are recognised as income wtthout
re9ard to whether the distributions are from accumulated profrts of the associate arising before or
after the dale of acquisition.
Investrnents in lolnt ventures
Investments in jiiintly contrdled entilies accounted ts in accordan(% the cost model are
recorded al cost less any ac¢umdated impaimlent losses.
Investments in i(xntly cmlrdled entities a￿oUnted for in accordance the fair value model are
initialy rec(xded at the transaction price. At each rewbng date, investments are measured at
fair value, with thanges in fair value taken thrixtyh income or expenditure. Where it is
impracticable to measure fair value reliably wthout undue cost or eff(*t. the cost mrylel wll be
adopted.

Hudswell Community Charity
Notes to the Financial Statements
Year ended 31 October 2021
Accounting policies (coftwnwdj
Investments in joinl ventures (¢ontsn
Diwdends and other distriEKJlw6 rece￿1 frc4n the invesknenl are recognised as income wilho
regard to whether the distributions are from accumuLqted piofits of the joint venture arising before
or after the date of acquisi￿n.
Impairment of fixed assels
A review for indicators of impairment is carrEd out at each reportiw dale, with Ihe recoverable
amount being estimated where such indicators exist. Where the carrwng value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impaimients are also remewed for
possitle reversal at each reporting date.
For the purKX)$es of impaimient testiTh3. when it is not pJssiLle to estimate the recoveraNe
am￿nI of an indiwdual asset, an estimate is made of the recoverable .aM￿nt of the cash-
generating unit to which the asset bdongs. The rash-generabng unit is the smallest identifiable
group of assets that includes the assel and generates cash infiows that largely independent of th&
cash inflows fr(￿ other assets or grcwps of assets.
For impaimient lests.ng of g)QKlvAII, the g0cmy￿11 acquired in a business combination is, from the
acquisition dale, allocated lo each of the caslpgenerating unrls that are expected to benefrt from
the synergies of the combination. irrespective of whether other assels or liabilities of the charity
are assigned to those unils.
Financial Instruriients
A financial asset or a financial liabilty is recc*Jnised only when the charity becomes a paty lo the
contractual provisi¢￿S of the irtstwmenL
Basic financi81 instruments are intliaty rwnised at the amount receivable ¢x payable induding
any related transacli￿ costs.
Current assets and current liabilities are subsequendy measured at the cash or other
onsideration expectad to be paid or receiv￿￿ and not discounled.
Debt instnjments are 5ub5equenty rneasur8d at amortised cosL
Wher8 investments in shares are putAidy traded or theÉr fair Val￿ can otherwse be measured
reliably, the investment 1$ sub$equenlly measured at fair value wtth th8nges in fair value
recognised in income and 0X￿ndIture. All other such investments are subsequently measured at
cost less impaiment.
Other financial iostruments, Ind￿Jing derivatives, are initially rec(KJnised at fair V￿Ue, unless
payment for an asset is deferred besr)nd nomal busines$ tem)s or financed at a rate of Inte￿$t
that is not a market rate. in which case the asset is measured at the present value of the future
payments discwnted at a market rate of interest for a wmilar debt ir6trumenl.
Other finanual instruments are subsequenly measured at fair value, with any changes
recognised in the 9talefnent of finanual acts¥ib'e5. Imth the excepb.on of hedging instnjments in
designated hedging relationship.
10

Hudswell Community Charity
Notes to the Financial Statements (cothinu8dJ
Year ended 31 October 2021
Accounting polirAes (ctylUnt￿dj
Financial instruments (eonttnwd)
FInar￿la1 assets that are measurèd at Cost or amortised c05t are revie*Ed for objective evklence
of impaimient at the end of each reporting date. If there is objeclive evidence of impaiment, an
impairment loss is recognised under the appropriate heading in the slatement of financial
actNilies in which the inilial gain was recA)gnised.
For al equity instruments regaroless of significance. and other financial assets that are
individualty significant. these are assessed indiwdually for impairment Other financial assets are
either assess￿ indmdualty or grouped on the basis of simi￿r credrt risk characteristiGS.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrwng amount of the financial asset that exceeds *that the Carr￿ng aMi￿nt woL￿d
have been had the impaim)ent not previously been recognised.
Donations and legacigs
Unrestricted Total Funds Unrestrided Total Funds
Funds
2021
Funijs
2020
Donations
Donations
9.oc
Charitable actlvltles
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2021
Funds
2020
Renewable energy
other income from charttstde activities
2,688
230
2,727
2,727
230
2.918
2.918
2.727
2,727
Investmgnt income
unresi￿￿j Total Fund5 Unresthded Total Funds
Funds
2021
Funds
2020
Renl and utilities contribution received
Bank interest receivable
33.￿1
51
33.901
51
35,247
1.197
35,247
1.197
36.444
33,952
33.952
Expenditur¢ on charitable activities by fund type
Unrestricted Total Funds Unrestrict&J Total Funds
Funds
2021
Funds
2020
Charits￿e activity
26.465
26.465
17.478
17.478
11

Hudswell Community Charity
Notes to the Financial Statements (wthinu•dJ
Year ended 31 October 2021
Expenditurg on Gharitable activities by activity type
Actr¥ilies
undertaken Total funds
direcdy
2021
Total fund
2020
Charitable activity
26.465
26.465
17.478
Net income
Nel income is stsled after chargirul{credibng):
2021
2020
Depreciat￿ of tangible fixed assets
11.804
10. Independent exarnlnatlon fees
2021
2020
Fees payable lo the independent examiner for.
Independent examination of the financial statements
360
360
11. Staff costs
The tot81 staff CAxts and emFloyee benefits for the rwrbng perKJd are analysed as follows:
2021
2020
The average heay cwnt of emtAoypes during the sear was Nl (2020". Nll ).
No em￿oyee received employee benefits of more than £60.(KKI during the yEar12020: Nill.
12. Trustee Temuneralion and expenses
No rernuneralion or other benefiis from emplownent wilh Ihe charity or a rdated entity were
received by the trustees.
12

Hudswell Community Charity
Notes to the Financial Statements
Year ended 31 October 2021
13. Tangible flxed assets
Frethjd
Plant and
property machin8ry
Total
Cost
At 1 November 2020 and 31 Octobgr 2021
636,521
8,695
645,216
Depreciation
Al 1 Wember 2020
Charge for the year
At 31 Odober 2021
10,935
10,935
21,870
2,607
869
13,542
11,804
3,476
25,346
Carrylng amount
Al 31 October 2021
614,651
5.219
619,870
At 31 octo1￿r 2020
625,586
6,088
631,674
14 Investments
Othgr
investments
Cost or valuation
Al 1 NOveM￿r 2020
Additions
Fair value movements
25.000
2.999
At 31 October 2021
27.999
Impairn)ent
At 1 November 2020 and 31 October 2021
Carrying amount
At 31 October 2021
27,999
At 31 October 2020
Al investments sknm above are hdd al valuakn"on.
15. Demors
2021
2020
Prepawnenls and accrued income
766
207
13

Hudswell Community Charity
Notes to the FinaDcial Statements (cothuq
Year ended 31 October 2021
16. Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
Accruals and deferred income
Other creditC¥5
7.000
925
6,055
910
9.115
7,925
16,080
17. Credit¢)rs: amounts falllng due"after more than one year
2021
2020
Bank loans and ￿lerd[afts
221.958
229.821
18. Analysis of charitsble funds
Unregtri¢ted funds
Al
Gains and 31 October 2
losses
021
1 Novernber 2
020
Income E￿ndItuTe
General furKJs
Fair value reserve
445.032
45.876
(26,4651
464.443
2,999
445.032
45.876
(26.4651
467,442
At
Gains and31 October 20
losses
1 Novernber2
019
Income Exp8nditu
General funds
Fair value reserve
423,339
39,171
(f7.4781
445.032
423.339
39.171
(17.4781
445.032
14

Hudswell Community Charity
Notes to the Financial Statements (rontinu
Year ended 31 October 2021
19. Analysls of net assets between funds
Unre5tri¢ted Total Funds
Funds
2021
Tangitle fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
647.869
647,869
49.456
49,456
{7,925)
17,9251
(221.958) {221,958}
467,442
467,442
Unrestricted Total Funds
Funds
2020
Tangit4e fixed aspts
Current assets
Creditors less than 1 year
Creditors g￿ter than 1 year
Net assets
631.674
631,674
59,259
59,259
116,0801
116,080)
(229,821) (229,8211
445,032
445,032
15

Hudswell Community Charity
Management Inforniation
Year ended 31 October 2021
The following pages do not fomi part of the financial statements.
16

Hudswell Community Charity
Detailéd Statement of Financial Activities
Year ended 31 October 2021
2021
2020
Income and endowments
Donations and legacies
Donations
9.006
Charltable activities
RenewatAe energy
Olher income from charitable acttvities
2.688
230
2.727
2,918
2,727
Investment income
Rent and utilities contribution re￿Ived
Bank interest rewvable
33.9)1
51
35,247
1,197
36,444
33,952
Total incorne
45,876
39,171
Expenditure
Expenditure on ¢harltable activili¢s
Repairs and maintenan
InsLJrance
Acwuntancy
Depreciation
Mortgage interest and bank charyes
SLJndry expenses
Donations
1.814
806
459
11.804
9.623
4,082
589
860
869
10,554
204
320
.1.950
26,465
17.478
Total expendilu
26.465
17,4T8
Net income
19,411
21,693
17

Hudswell Community Charity
Notès to the Detabled Statement of Financial Activities
Year ended 31 October 2021
2021
2020
Expenditure on charltable artivities
Activity type 1
Actlvltles undertaken dlrectly
Repairs & maintenan
Insurance
Accounlancy
Depreciation
Mortgage inlerest and bank charge5
Sundry expenses
Donations
1.814
806
459
11,804
9.623
4,D82
589
869
10.5S4
204
320
1,950
26,465
17,478
Expenditurg on charitable activities
26.465
17,478
18

CHARITY REGISTRATION NUMBER: 1161514
Hudswell Community Charity
Unaudited Financial Statements
31 October 2021
IAN CRI
OP ACCOUNTANC
Chartered accountants
Unit 1, Borough House Business Centre.
5 Borough Road. Richmond.
North Yorkshire
DL10 4SX

Hudswell Community Charity
Financial Statements
Year ended 31 October 2021
Pagè
Trustees. annual report
Independent examinerfs report to the trustees
ststement of financial actiifjties
Statement of financial position
Notes to the financial statements
The following pages do not forni part of the financial slatements
Detailed statement of financial activities
17
Notes to the detailed statement of financial activities
18

Hudswell Community Charity
Truslees. Annual Report
Year ended 31 October 2021
The trustees present Iheir report a￿1 the unaudited financial statements of the charity for the year
ended 31 October 2021.
Reference and administrdtive detsils
Registered charity name
H￿j$W￿l Communty Charity
Chafity registration mimb¢r
1161514
Prlncipal office
Sheep Dip Cottage
Hudswell
RichrnoThJ
North Yorkshire
DL116BQ
The trustoes
Rev M Fletcher
Mr P Chapman
MrMTBooth
Ms J A Sumner
Mrss Sadler
Mrs S C Fem•Williams
Mr I Whinray
Independent examin
Mr R I Crisop
Untl 1. Borough House Business Centre.
5 Borough Road. Richmond.
North Yorkshire
DL104SX
Structure. govemance and management
The Charity is govemed by a board of trustees meet on a regular basis and is constituted under
the Charities. Act 2011.
Oblectlves and aetlvltles
Charitatle objects
The prevenb.on or ￿lef of p)verty and the rdief of sickness in Hudswell and the surrounding areas.
Activities
Hudswell Community ¢harity fuifiis its objectNes through providing housing for those are in need,
providing granls lo young people tn higher education and ￿1th the maintenance, improvement or
provision ol public amenities.

Hudswell Community Charity
Trustees. Annual Report I￿111￿1￿d}
Year ended 31 October 2021
Achievements and perfomianGg
Housing
Throughout the last year all six of our prokwties have been fulty to local families and individuals.
There has been a one vacancy cased by the death of one of our residents. There was considera￿¢
interest in this vacancy, including some from some awAicants VAV) had strong local Ix)nnections and
goo*1 reason to want to live in Hudswdl, dKJ nol qualrfy as they owned their own homes and were
not. therefore, in housing need. Thi5 led to the trustees considering whether we should look to build
some more properlies.that w(MJld be available on a shared equty basis. This is a question that we w15
address over the next 12 months. We were. however, quicky a*￿e lo fill the vacancy with 2 f8mdy who
were in housing need who fvlly met Dur criteria. For the past year, Iherefore, our aim of haviTh3 Six
untts to let lo local residents with a strong Iccal c￿ne￿￿"0n has continued to be mel
Si Micheal and All Angels Church
The lockdown caused by the Covid 19 pandemic has led to a ￿0W1￿ of progress on this project.
Neverlhel8ss. we have been al￿e to finaise a design for the hostel that wil prowde 16118 beds in a
mixture of four bgd and throe bedded rooms. all of wll have their own toilet and bathroom.
There will be a resident's lounge. kitchen. off￿e space for the centre warden and a drwr¥J room. of
this (an be achieved within the current strEII of the building so there w￿11 be no changes to the church's
external appearance. We held a meeting in Augusl lo present these proposals to the village.
The meeting was held in the church building and attended by 36 local residents. The proposals were
presented and discussed al length by the meeting and many questions were answered. The plans are
now rea(ty to be submitted lo the Yorkshire Dales National Park Authority for planning approval.
The ownership of the church has now passed from the local parish to ￿ Dictese of Leeds and they
have carried wl some minirnal works to the buikling tfvthich should prevent further decay. We conlinue
to work on a business.plan vthich is rK)w almost complete. This demonstrates Ihat Ihe hostel will be a
viable be a viable business that will eventualty generate small surrAuses that wll te gifted to the
Hudswell Community Charity. This business plan will form the basis of bids for capital fijnding to
convert the ￿lIdIng once planning consent has been achieved.
As we ex ￿ained last year the ownership and managernent of this project is vested in a separate not for
profil company, called Hudswell Hostd @St Michaels. This is legal separate from. but wholly owned by
Hudswell Communty Charty. . Merger with the Hudswell SChf￿5 Charity During the year the trustees
wefe approached by the tnJstee5 of the HLwJswdl Schods Charity who wanted us to consider taking on
the work of this Charity. Working with the Chartty Commission it was agreed to dose the Sclvjols
Charity and merge ils wc¥k wth that of Hudswell C(mmuntty Charity. The remaining funds from the
Schwls Chanty - around £8.000
w￿￿ transferred to Hudswell Community Charity and we have
established a new Education. Fund from which we wÈll fund educath)n grant to w)ung people in the
villag8. Following publicty atN)ut this we have had three applications to the fund - all of which were
agreed and we expect to recave man¥ more. We have agreed to dedicate some of the income that we
receive from rent lo the Educats"on Funds so that ￿￿ can ensure that tts funds lo not become depleted.
Grant Aid
Other than the Education Grants. we have not gNen any grant aid thi% year and the Iruslees have
agreed lo put4icise the availability grant aKI from Ihe Charity lo supporl any project in the village vthich
meets the fcAlowiThJ criteria. the grant wll either: 1. Promote srKJrt, recreational activities, or play 2.
Promote health or the relief of sickness or dBability
3. Promote education or training
4. Promote wellbeing.
We hope that this wll stimulate interest in womoting new cunmunity actmlies in the wlage as we
emerge from the COVKI 19 pandemic.

Hudswell Community Charity
Trustees. Annual Report
Year ended 31 October 2021
Financial review
It 15 the goal of Ihe Charty lo maintain unrestricted funds at a level that equates to approximately 3
months unrestricted expenditure. This would rKovbJe sufficient ftjnds to c(wer management.
Iministralion and supwt Costs in adverse coThJitM)ns.
The trustees, annual rewrt was approved on 22 D￿ember 2021 a￿1 suned on behalf of the board of
tnjstees by.
Mr M T Booth
Trustee

Hudswell Community Charity
Independent Exathinerfs Report to the Trustees of Hudswell Ccmimunlty
Charity
Year onded 31 October 2021
I report to the trustees fm my examination of the financral statements of Hudswell C[￿M￿lty Charity
{'the chaTiWI for the year ended 31 October 2021.
Responsibilities and basls of report
As the trust8es of the charity are responsible for the preparation of the financial statsments in
cordance with the requirements of the Charities Act 2011 {the ACV).
I report in respect of my examination of the chariws financial statements ￿￿led out under section 145
of the 2011 Act and in carrwng out my examination I have fdlowed all the applicable Directions given
by the Charity Commission under 145(5)Ib) of the ACL
Independent examinerfs ststement
I have completed my examination. I cx)nfirm that no material matters fAve come to my attentson in
connection wth the examinatton giving me cause to believe that in any material respect".
ac(x)unting records were rnt kept in re5pecl of the charity a5 required by section 130 of the
Act.. or
the financial statements do not accord those records.. or
the finanaal statements do not c￿PIY with the ap￿ICable requirements ¢(￿Ce￿Ing the fom
and content of acctyjnts set out in Ihe charib.es {Accounts and Reports) Regulats"on5 2008
other than any requirement that the accounts give a 'ttue and fai< view which is not a matter
considered as part of an independent examinati￿.
I have no concems and have come across no other matters in connection with the examin8tion to
which attention should be drawn in this report in iyder lo en8￿e a proper understanding of the
accounts to be reached.
MrRICriso
Independent Examiner
Unil 1, Borough House Business Centre.
5 Borough Road. RichM￿d,
North Yorkshire
DL10 4SX
22 December 2021

Hudswell Community Charity
Statemont of Financial Activities
Year ended 31 October 2021
2021
Unrestricted
funds Total funds Total funds
2020
Income and endowments
Donations and legacies
Charitable activities
Inveslmenl income
9,006
2.918
33,952
45.876
.2,918
33.952
2,727
36.444
Total incomè
45,876
39.171
Expenditure
Expenditure on charita￿e activibes
Total expenditure
26,465
17,478
26.465
17,478
Net income
19.411
19.411
21,693
Other recognised gains and losses
Fair value movements
2.999
Net movemenl in funds
22.410
22.410
21,693
Rocoficiliation of funds
Total funds brought forward
Total funds carrieil forward
445,032
467,442
445.032
423,339
467.442
445,032
The stslement of financial actiwties iThs￿leS all gains and losses recognised in the year.
All income and expenditure derive from continuing actsvibes.
Thg notes on paws 7 to 15 fornj part of th•s• financial stat•m•nts.

Hudswell Community Charity
statement of Financial Position
31 October 2021
2021
2020
Nots
Fixed assets
Tangible fixed assets
Investments
13
14
619,870
27.999
631,674
647.869
631.674
Current assets
Debtors
Cash al bank and in ha
15
766
48.690
207
59,052
49,4
59.259
Creditors: amounts falllng due wllhln one year
Nèt curront assets
16
7.925
16.080
41,531
43.179
674.853
Total assets less currant liabiliti95
689,4tK)
Crgditors: arnounts falling due after more than one year
Net assets
17
221,958
229,821
467,442
445.032
Funds of the charity
Unrestricted funds
467.442
467.442
445,032
Total charity funds
18
445,032
These financial slalemenls V￿re approved by the board of trustees and authorised for issue on 22
December 2021. and are s¥Jned on behalf of the board ty.
Mrm
Trustee
Booth
The not¢$ on pag95 7 to 15 form part of th•sè financial stat•m9nts.

Hudswell Community Charity
Notes to the Financial Statements
Year ended 31 October 2021
General infonnation
The charity is a public benefit entity a registered thiity in England aThJ Wales and is
unincorporated. The address of the prir￿1Pal office is Sheep Dip Cottage, Hudswell. Richmond.
North Ycxkshire. DL116BQ.
Statement of compliance
These financial StsI￿ents have ￿en prepared in COm￿lance with FRS 102, 'The FinancLql
Reporting Standard ap￿￿l¢atAe In the UK and the ReputAic of Ireland,, the Statement of
Recommended Practice applicable lo charities preparing Iheir accounts in. accordance with the
Financial Reporting Standard aprA1Ca￿e in the UK and RepULl￿ of Ireland IFRS 1021 (Charrties
SORP IFRS 102)) and the Charities Act 2011.
counting pollcies
Ba$ls of preparation
The financial statements have been prepared on the historical ¢￿t basis, as modffied by the
revaluation of cettain financ￿1 assets aThJ liabilities and inNEStment prcve￿eS measured at fair
value through income ￿ expenditu￿.
The financial statements are prepared in $teding. ￿1¢h is the functional currency of the entity.
Going ¢onGe
There are no material uncertainlies the charitys abilty to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounls reported. These esbmales and judgements
are continually reviewed and are based on experience and other factors, induding expectations of
future events thal are believed to be reasonable under the urcumstances. d judgements are
continually rewewed and are based on exwience and other factors, induding expectations of
future event5 that are believed lo bg r￿sonab￿ under Ihe circumstances.
Fund accounting
unrestn.cted funds are aVala￿e for use at the discretion of the trustees to futher any of the
charivs purposes.
Designated funds are unrestricted funds eamiarked by Ihe Irustees for partiCU￿r future projo¢t or
commibmenl.
Restricted funds are subjected to resbictions on their expenditure declared by the donor or
through the lerms of an appeal. and fall into one of sutpdasses: restricted inc￿le funds or
endowment funds.

Hudswell Cornmunity Charity
Notes to the Financial Statements (C￿￿￿￿6
Year ended 31 October 2021
A¢￿￿nting policies (conlln
Incoming resource5
lsjl incoming resources are Ind￿led in the statement of finantia aetivibes when entitlement has
passed to the charity.. it is probable that the ecortomic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured The fdSowng spe(afic policies are
appl*d to particular categories of income..
income Imm donations or grants i% recconised there is evTdenct of enttuement to the
grft. receipt Is probable and its amount can be measured rdiabty.
legacy income is recryJnised when feceipt is tKDbable arml entiuement ia established.
income from donated 9￿dS is measured al the fair value of the gorKls unless this is
impractical to measure rel￿trAy. in whth case the value is deriv￿1 from the cost to the donor
or the estlmated resJe valu& Donated facilttie5 and services are recognised in the accounts
when re¢￿Ved rf the value be reliab￿ measurert. No amcAJnts are included for the
contribut1￿ of general volunteers.
income fro￿ Contracts for the supply of Ser￿￿$ is recognised wtih the delivery of the
contracte¢J service. This i% dassified as unresthded funds unless there is a contractual
requirement for il to be spenl on a partw)Jlar purpose aThJ ￿lumed if unspent, in which case
il may be regarded as rest￿led.
Resources expended
Expenditure is reccgnised on an &cruals basis as a liability 15 incurred. Expendtture includes any
VAT which cannot be fully recovered, and is cjassified under head1r￿ of the stalemenl Df
financial activtbes to ￿lch it rdates"
eX￿n￿lture on raisirKJ funds indudes the costs of all fvndraisiNJ acti'vrtw. events. non
charitsble trading activities, aThJ the sale of donated goods.
8xpenditsJre on Charital￿e ¥liwties indLNles all costs incurred by a charity in undertaking
activrties that further its charitthe aims for the benefit of tts beneficiarie5, including those
support costs and costs rdating to the govemance of the charity apportioned to charitable
activities.
other expendtiure indudes all expendi￿re that is neither related to raising funds for the
charity nor part ol its eX￿ndItuTe on chaiitable activities.
I wsts are alkN2ted to expenditure catewies refleckn.ng use of the resource. Direct costs
attributable to a single activity are alk)cated dir￿llY to thal activrty. Shared costs are apportioned
be￿￿en the actiwties they contribute to on a reasonable. jUsti￿bIe and consistenl ba8As.
Tangiblo assets
Tangible assets are initi.ally recorded at cosL and subsequenuy stated at cost less any
accumulated depreciation and impairmerbt 105ses. kny tangible assets carried at revalued
amounts a￿ recorded at the fair value al the d*e of revaluab.on less any subsequent
accum￿ated depreciation and subsequent accumulated impairment losses.

Hudswell Community Charity
Notes to the Financial Statements (wnthiu•dJ
Year ended 31 October 2021
Ac¢ounllng policies (¢onvnt￿dj
Tangible assets
An increase in the carying amount of an asset as a result of a rev￿UatIon, is recognised in other
recrynised gains and losses, unless ti reverses a charge for impairment that has previously been
reeognised as expenditure wilhin the statement of financial activitres. A decrease in the c2rrying
amount of an asset as a re5uII of revaluatiw. is rec(KJnised in other recognised gains and losse5,
except to which it offsets any prevK)us revaluation gain. in which case the k)ss is shown within
other rec(yJnised gains and losses on the statement of financia activities.
Depreciation
Depreciation ts calculaled so as lo vrrite off the cost or valuath)n of an asset. less its residual
value. over the useful economic lrfe of thal asset a5 folkxvs:
Freehold property
t4ant an(J machinery
5% straight line
10% straight line
Inv8Stments
Unlisted equity investments are initialy recorded 8t cost. and subsequenuy measured al fair
value. If fair value cannot be reliatly measured. assets are measured at cost less impaim)enL
Listed investsments are measured at fair walue v4ith changes in fair value being r￿ogniSed in
income or expenditure.
Investments in assoclates
Investments in associates accounted for in xoydance ￿th cost M￿e1 are reeAxded at cost
less any accumulaled impairment losses.
Investments in associates accounted for in aC￿rdance vAlh the fair value m(￿le1 are initially
recorded at the transaction price. At each reporting date, the inveslments are measured at fair
value, with changes in fair vJue taken through income or expenditure. Where it is impractica￿8
to measure fair value rellat￿Y wilhout undue cost or effort. the cost model will be adopted.
Dividends and olhei disiributions re￿IVed from Ihe investrnent are recognised as income wtthout
re9ard to whether the distributions are from accumulated profrts of the associate arising before or
after the dale of acquisition.
Investrnents in lolnt ventures
Investments in jiiintly contrdled entilies accounted ts in accordan(% the cost model are
recorded al cost less any ac¢umdated impaimlent losses.
Investments in i(xntly cmlrdled entities a￿oUnted for in accordance the fair value model are
initialy rec(xded at the transaction price. At each rewbng date, investments are measured at
fair value, with thanges in fair value taken thrixtyh income or expenditure. Where it is
impracticable to measure fair value reliably wthout undue cost or eff(*t. the cost mrylel wll be
adopted.

Hudswell Community Charity
Notes to the Financial Statements
Year ended 31 October 2021
Accounting policies (coftwnwdj
Investments in joinl ventures (¢ontsn
Diwdends and other distriEKJlw6 rece￿1 frc4n the invesknenl are recognised as income wilho
regard to whether the distributions are from accumuLqted piofits of the joint venture arising before
or after the date of acquisi￿n.
Impairment of fixed assels
A review for indicators of impairment is carrEd out at each reportiw dale, with Ihe recoverable
amount being estimated where such indicators exist. Where the carrwng value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impaimients are also remewed for
possitle reversal at each reporting date.
For the purKX)$es of impaimient testiTh3. when it is not pJssiLle to estimate the recoveraNe
am￿nI of an indiwdual asset, an estimate is made of the recoverable .aM￿nt of the cash-
generating unit to which the asset bdongs. The rash-generabng unit is the smallest identifiable
group of assets that includes the assel and generates cash infiows that largely independent of th&
cash inflows fr(￿ other assets or grcwps of assets.
For impaimient lests.ng of g)QKlvAII, the g0cmy￿11 acquired in a business combination is, from the
acquisition dale, allocated lo each of the caslpgenerating unrls that are expected to benefrt from
the synergies of the combination. irrespective of whether other assels or liabilities of the charity
are assigned to those unils.
Financial Instruriients
A financial asset or a financial liabilty is recc*Jnised only when the charity becomes a paty lo the
contractual provisi¢￿S of the irtstwmenL
Basic financi81 instruments are intliaty rwnised at the amount receivable ¢x payable induding
any related transacli￿ costs.
Current assets and current liabilities are subsequendy measured at the cash or other
onsideration expectad to be paid or receiv￿￿ and not discounled.
Debt instnjments are 5ub5equenty rneasur8d at amortised cosL
Wher8 investments in shares are putAidy traded or theÉr fair Val￿ can otherwse be measured
reliably, the investment 1$ sub$equenlly measured at fair value wtth th8nges in fair value
recognised in income and 0X￿ndIture. All other such investments are subsequently measured at
cost less impaiment.
Other financial iostruments, Ind￿Jing derivatives, are initially rec(KJnised at fair V￿Ue, unless
payment for an asset is deferred besr)nd nomal busines$ tem)s or financed at a rate of Inte￿$t
that is not a market rate. in which case the asset is measured at the present value of the future
payments discwnted at a market rate of interest for a wmilar debt ir6trumenl.
Other finanual instruments are subsequenly measured at fair value, with any changes
recognised in the 9talefnent of finanual acts¥ib'e5. Imth the excepb.on of hedging instnjments in
designated hedging relationship.
10

Hudswell Community Charity
Notes to the Financial Statements (cothinu8dJ
Year ended 31 October 2021
Accounting polirAes (ctylUnt￿dj
Financial instruments (eonttnwd)
FInar￿la1 assets that are measurèd at Cost or amortised c05t are revie*Ed for objective evklence
of impaimient at the end of each reporting date. If there is objeclive evidence of impaiment, an
impairment loss is recognised under the appropriate heading in the slatement of financial
actNilies in which the inilial gain was recA)gnised.
For al equity instruments regaroless of significance. and other financial assets that are
individualty significant. these are assessed indiwdually for impairment Other financial assets are
either assess￿ indmdualty or grouped on the basis of simi￿r credrt risk characteristiGS.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrwng amount of the financial asset that exceeds *that the Carr￿ng aMi￿nt woL￿d
have been had the impaim)ent not previously been recognised.
Donations and legacigs
Unrestricted Total Funds Unrestrided Total Funds
Funds
2021
Funijs
2020
Donations
Donations
9.oc
Charitable actlvltles
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2021
Funds
2020
Renewable energy
other income from charttstde activities
2,688
230
2,727
2,727
230
2.918
2.918
2.727
2,727
Investmgnt income
unresi￿￿j Total Fund5 Unresthded Total Funds
Funds
2021
Funds
2020
Renl and utilities contribution received
Bank interest receivable
33.￿1
51
33.901
51
35,247
1.197
35,247
1.197
36.444
33,952
33.952
Expenditur¢ on charitable activities by fund type
Unrestricted Total Funds Unrestrict&J Total Funds
Funds
2021
Funds
2020
Charits￿e activity
26.465
26.465
17.478
17.478
11

Hudswell Community Charity
Notes to the Financial Statements (wthinu•dJ
Year ended 31 October 2021
Expenditurg on Gharitable activities by activity type
Actr¥ilies
undertaken Total funds
direcdy
2021
Total fund
2020
Charitable activity
26.465
26.465
17.478
Net income
Nel income is stsled after chargirul{credibng):
2021
2020
Depreciat￿ of tangible fixed assets
11.804
10. Independent exarnlnatlon fees
2021
2020
Fees payable lo the independent examiner for.
Independent examination of the financial statements
360
360
11. Staff costs
The tot81 staff CAxts and emFloyee benefits for the rwrbng perKJd are analysed as follows:
2021
2020
The average heay cwnt of emtAoypes during the sear was Nl (2020". Nll ).
No em￿oyee received employee benefits of more than £60.(KKI during the yEar12020: Nill.
12. Trustee Temuneralion and expenses
No rernuneralion or other benefiis from emplownent wilh Ihe charity or a rdated entity were
received by the trustees.
12

Hudswell Community Charity
Notes to the Financial Statements
Year ended 31 October 2021
13. Tangible flxed assets
Frethjd
Plant and
property machin8ry
Total
Cost
At 1 November 2020 and 31 Octobgr 2021
636,521
8,695
645,216
Depreciation
Al 1 Wember 2020
Charge for the year
At 31 Odober 2021
10,935
10,935
21,870
2,607
869
13,542
11,804
3,476
25,346
Carrylng amount
Al 31 October 2021
614,651
5.219
619,870
At 31 octo1￿r 2020
625,586
6,088
631,674
14 Investments
Othgr
investments
Cost or valuation
Al 1 NOveM￿r 2020
Additions
Fair value movements
25.000
2.999
At 31 October 2021
27.999
Impairn)ent
At 1 November 2020 and 31 October 2021
Carrying amount
At 31 October 2021
27,999
At 31 October 2020
Al investments sknm above are hdd al valuakn"on.
15. Demors
2021
2020
Prepawnenls and accrued income
766
207
13

Hudswell Community Charity
Notes to the FinaDcial Statements (cothuq
Year ended 31 October 2021
16. Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
Accruals and deferred income
Other creditC¥5
7.000
925
6,055
910
9.115
7,925
16,080
17. Credit¢)rs: amounts falllng due"after more than one year
2021
2020
Bank loans and ￿lerd[afts
221.958
229.821
18. Analysis of charitsble funds
Unregtri¢ted funds
Al
Gains and 31 October 2
losses
021
1 Novernber 2
020
Income E￿ndItuTe
General furKJs
Fair value reserve
445.032
45.876
(26,4651
464.443
2,999
445.032
45.876
(26.4651
467,442
At
Gains and31 October 20
losses
1 Novernber2
019
Income Exp8nditu
General funds
Fair value reserve
423,339
39,171
(f7.4781
445.032
423.339
39.171
(17.4781
445.032
14

Hudswell Community Charity
Notes to the Financial Statements (rontinu
Year ended 31 October 2021
19. Analysls of net assets between funds
Unre5tri¢ted Total Funds
Funds
2021
Tangitle fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
647.869
647,869
49.456
49,456
{7,925)
17,9251
(221.958) {221,958}
467,442
467,442
Unrestricted Total Funds
Funds
2020
Tangit4e fixed aspts
Current assets
Creditors less than 1 year
Creditors g￿ter than 1 year
Net assets
631.674
631,674
59,259
59,259
116,0801
116,080)
(229,821) (229,8211
445,032
445,032
15

Hudswell Community Charity
Management Inforniation
Year ended 31 October 2021
The following pages do not fomi part of the financial statements.
16

Hudswell Community Charity
Detailéd Statement of Financial Activities
Year ended 31 October 2021
2021
2020
Income and endowments
Donations and legacies
Donations
9.006
Charltable activities
RenewatAe energy
Olher income from charitable acttvities
2.688
230
2.727
2,918
2,727
Investment income
Rent and utilities contribution re￿Ived
Bank interest rewvable
33.9)1
51
35,247
1,197
36,444
33,952
Total incorne
45,876
39,171
Expenditure
Expenditure on ¢harltable activili¢s
Repairs and maintenan
InsLJrance
Acwuntancy
Depreciation
Mortgage interest and bank charyes
SLJndry expenses
Donations
1.814
806
459
11.804
9.623
4,082
589
860
869
10,554
204
320
.1.950
26,465
17.478
Total expendilu
26.465
17,4T8
Net income
19,411
21,693
17

Hudswell Community Charity
Notès to the Detabled Statement of Financial Activities
Year ended 31 October 2021
2021
2020
Expenditure on charltable artivities
Activity type 1
Actlvltles undertaken dlrectly
Repairs & maintenan
Insurance
Accounlancy
Depreciation
Mortgage inlerest and bank charge5
Sundry expenses
Donations
1.814
806
459
11,804
9.623
4,D82
589
869
10.5S4
204
320
1,950
26,465
17,478
Expenditurg on charitable activities
26.465
17,478
18