CHARITh REGISTRATION NUMBER.. 1161514 Hudswell Community Charity Unaudited Financial Statements 31 October 2023 IAN RISOP Chartered accountants Unit 1, Borough House Business Centre, 5 Borough Road, Richmond. North Yorkshire DLIO 4SX
Hudswell Community Charity Financial Statements Year ended 31 October 2023 Page Trustees, annual report Ind8pend8nt 8xaminerfs r8POrt to the trustees Statemenl of financial activities Statement of financial position Notes to the financial statements The followlng pag•s do not fomi part of tho flnanclal statements Detailed statement of financial activits'es 17 Notes to the detailed statement of financial activities 18
Hudswell Community Charity Trustees. Annual Report Year ended 31 October 2023 The trustees present their report aTrJ the unaudited finanrial statements of the thaiity for the y8ar ended 31 October 2023. Referen and admifti¥tralive d•tals Regl$tered ¢harlty name Hudswell Community Charity Charfty reglstratlon number 1161514 Prineipal offi¢• Sheep Dip Cottage Hudswdl Riehmond th Yorkshire DL11 6BQ The truste Rev M Fletcher Mr M T Booth Ms J A Sumner Mrs S C Fern-williams Mr I Whinray Mr P Simmonds Mrg H Swettonham Indopendont •xamin•r Mr R I Crisop Unit 1. Borough House Business Centre, S Borough Road. Rlchm¢y)d, North Yorkshire DL10 4SX Structure. governance and manaym•nt The Charrty is governed by a board ol InteaS who meet on a rngul8r basls and is ¢C$tilUtad under the Charllles, Act 2011. Objgctlves and actlvltle8 Charrtae oblts The prevention or relief of FK)vty and the relief of skneSS in Hudsvdl and thg surrounding areas. Activities Hudswell Community Charity ftjlfills ils obiec1T through wowding housing for those who are In need, providing grants ¢0 yrjung pooplo in highgr education and %Mth the maintenance. improvomont or provision of public am8nibes.
Hudswell Community Charity Trustees, Annual Report (Gonllmied) Year ended 31 October 2023 Achievements an(1 perfomiance This last year has been one of steady prtyres5 for our Iw) development PTcfjects-the Michael's Hostel and the new e homes, and slable peri¢JJ for (Mjr Education Fund our existing six homes and their tenants. Thompson and Plews Cottages I six home have been fully let throhOUl the year. wth only one chaNJe (rf tenancy. The vacancy was advertised locally, 8n(i had cons•Jerable interest and a difficult decision to make over which applicant lo accept. The tenant that we eventualty chose is very happy wlh her new home. Plews Cottages were ftjlty doccwaled exlemaly, and their appearance Vfds much improved. and the treatment also improve(I their Insulati¢. Education Fund We have made three grants from lh8 Education Fun(J during the year to peop18 in the village who are in higher or further educalion. New homes We held a public meeting and Consla'0n event atx)ut our prow)sal to build Ihree highly energy efficient, flexible and adaptable homes on land that Ihe Charity on a field lo the rear of Plew5 Cottagos. We received a good lovd of support from the village and (Iderable interesl from people wanting lo live in thern. We received grant aid frcffi RlehmCSbir& Council. prioT trj ts aix4ition. towards the cost of construclion of Ihese new homes and are currenuy negotiating the 18mis of a mortgage from Ihe Charity Bank that wlll give u5 Ihe r8st of the funds we require. The houses wll be largely built off slt8 by Norscol Homes. W9 have secured F4anniNJ pemission for the homes F4an to bu1 thom in 2024. Hudswell Hostel @ Al Mthael's. Planning p8miission lo convert Sl Mich881's Church Into a hostel for walkers and cyclists was secured in June 2022. Followng this we commissK)ned a Quanlity Surveyor lo esbmate the conversation costs and wrote a business plan which demonstrated the hostel would be a viable busin&ss. The cost of purchasing the building. ¢StrUc11j a road, solar panels and converting the building is likely lo t ground £1 Milln. DuTing Ihe lasl year we have submilled 12 aPF4icalions lo chaiitable trusts a1 national and local govemm8nl les. Six of these have been approved. 18avirwJ a shortfall of around £400,000, which we hope lo reise from lurther aFvlutsons and a loan from th8 Charity Bank. We are currendy gathering quotes lor the V•rsrk and finalising some more deSn details to be agreedwilh the YDNPA plannlng officers. As part of (wr campaign to raise the capilal furnls lo pay lor the Convers work we invrted Rishi Sunak MP to meet us at thè church lo 8xt4ain our proposals. He visited us one week before her bocame Prime Minister and was very impressed th our plans. He has subsequently supp)rted our bids lo govemmenl funds - the Communty Ownership Fund and the Shared Prosperity Fund. Our bic* lo the Shared Prospèrity Fund for £41xJ.o has been approved and we are waits'ng lo hear the outcome of our applicaticm lo the Communty ¢ershIP Fund. We remain optimistic that we will be able lo raise the financo for th8 project and eXt th lo being earfy in 2024. Two othor initiatives have sprung from the St Michael's project. The first is the Origins of Hudswell Project, which led to a ccmmmunty archaeol(KJical dig taking place in the summer place on the land in front of Al Michael's. This Vfds led by professIcal archaeologists and Hudswell residents Calh and stuart Ross, supported by over 40 adults an(J children from the village who took part in the du. eventually uncovering evidence of an old lead mine. This pr(4ect was supported by grants from the Heritage Lottery Fund and the yorkshi knhaeoloJical and Historical Society.
Hudswell Community Charity Trustees. Annual Report {conlwnued) Year ended 31 October 2023 Secondly we have linked up wth an oiganisation ann1Thj a Camino pdgrimage route from Finchale Priory in County Durham to Santiap in Northem Spain. The roule from Durham to Rity)n Cathedral VAII pas5 through Rithmond, Hud5VlI and Downholme. The hosld will provide accommodation for pilgrims on this route. In order to draw attèntion to this the Chairty worked th the Friends of the Finchal8 Camino and St Marys Church in Richmond to organise a plgrimagè walk from Richmond lo Downholme, stopping at at Sl Michael's in Hudswell whith look ace on the feast of St Michael the 30th SeptembÈr. This WAS BttÈnded by thè Bishop of Rion and supported by about 45 pilgrims. Finaly. the hostel project has generated some televi( and print media coverage, we hope wll help with our lun¢>raising campaign. Financial rgvhw 11 is the goal ol the Charily lo maintain unrestriGted funds al a levol Ihal equates lo approximalely 3 months unrestricted expenditure. This %Uld proVe sufficient funds lo cover management, administration and support costs in advgr$9 ¢orMlitions. The trustses. annual reiy)rt Wds approved on 3 January 2024 arKI 5vJned on behalf of the board of trustees by.. Mr M T 8oolh Trustee
Hudswell Community Charity Independent Examiner's Report to the Trustees of Hudswell Community Charity Year ended 31 October 2023 I report lo the Iruslees on my 8xamination of the financial statements of HLNJswell Community Charity I'the Charity) for Ihe year ended 31 October 2023. Responsibllitles and basis of report As the trustees ol the charily you are responsible for the pparatiOn of the financial statements in a¢corLl8nce wilh the Quirements of Ihe Charities Act 2011 ('the Act.). I roport in respect ol my examination of the charitys financial statèmènts carried out under seetion 145 of the 2011 Act and in Calng out my examinat I have followed all the applicable Direcbons given by the Charity Commission under seclb)n 145151(bl of the Act. Indopondent examinerfs statement Since the charivs gross income exceeded £2.XI your examiner mugt be a member of a body 11sled in section 145 of the 2011 ACL I confim that l am qualified to undertako Ihe examination because l arn a member of Ihe 1nsb.tutg of chart Acc¢Juntants In Engand and Wales IICAEWI, which is one of Ihe listed bodies. I hav8 ¢om my examination. I confimi that no material matters have ccrfne to my attention in Connectn with Ihe examlnation gtving rne cause lo beIve Ihat in any material respect.. accounting records wef8 not kept in respect of the tharty as required by section 130 of the Act.. or the financial slalements do Th)1 accord v4ith those Cords., or the financial slalements do not compty wlh the applicabla requirements concerning the form and conlenl of accounts sot out in th8 Charities {Accounls and Reports) Regulations 2008 other than any requiremenl Ihal the aceounts gNe a 'liue and fair, wew which Is not a matter considered as part of an irKlendenl examination. I have no concerns and have Gome across no other matters in D)nnection th the examination lo whlch attention should be drawn In this rewt In order to enable a propgr underslandlng of the acwunts lo be reached. Mr R I Crisop Independent Examiner Unil 1, Borough House Business Centre, 5 Borough Road, Richmond, North Yorkshire DLIO 4SX 3 January 2024
Hudswell Community Charity ststement of Financial Activities Year ended 31 October 2023 2023 Reslricled funds Tolal fund$ Total funds 2022 Unrestricted funds Incom8 and endowments Donations and legacies Charitsble actiwties Inveslmenl in¢ome 13.075 2.866 36,053 351.705 364.780 2,866 36,053 2.663 35,644 Total income 51.994 351.705 403,699 38,9)1 Expenditure Expenditure on chantable ac"tr"eS Total èxpendlture 38.014 15.941 53,955 53.955 44,720 38.014 15.941 44,720 Net inGomellexpenditurg1 13.980 335,764 349,744 15,8191 Transfers bethen funds 12,857 (12.857} Olhor r9¢0gnl$•d gal and Ios$o$ Fair value movements 854 11,832) 17.6511 Net movom•nl In funds 27,691 322,907 350.598 Reconciliation of funds Total funds brought forward Total funds rrIed loThYard 459,791 487,482 459,791 467.442 322.9)7 810,389 459.791 Tho slalement of flnan¢lal actieS indj@S all gains and losses Tecognlsed In the year. AJI income and expenditure dgrive from conlinuiThJ aclNilie5. The note5 on pages 7 10 15 forni part ofthese financial statnIS.
Hudswell Community Charity Statement of Financial Position 31 October 2023 2023 2022 Fixed asséts Tanoiblo fixed assets Inv8slments 13 14 644.172 27,021 608,16 26,167 671,193 634,233 Current assets Cash al bank and in hand 368,542 68,120 Credltors.. amounts falllng du¢ wllhln onè year Net current assets 15 19,093 27,346 349,449 40,774 Total assets l•ss current1Sabllltl•s 1,020,642 875,007 Credbtors.. amounts falllng duo after morn than one year Ngt ass•ts 210.253 215,216 810.389 459,791 Funds of Ihe charlty Re8lricled funds Unrestricted fuTrJs 322,907 487,482 459,791 Total charlty funds 19 810,389 459,791 These finar)cial statements were approved ty Ihe tx)ard of tntslees and aulhorised for issue on 3 January 2024. and ar6 signed on bèhalf of the board ty. MrMTBooth Trustee The notos on pages 7 to 15 fonn part ol these financial ststemenls.
Hudswell Community Charity Notes to the Financial Statements Year ended 31 OGtober 2023 General infomiation The charty is a publK benefit enlity arKI a registered chafty in England and Wales and is unincorTated. The address of the wncipal offKe is Sheep Dip Cotlage, HsWell, Richmond. North Yorkshire. DL116BQ. Stat8m¢nt of Compliance These financial statements have been prepared in cnEnCe with FRS 102, 'The Financial Reporting Stsndard applicalje in UK and the ReputAK of Ireland., the Ststement of Rewmmended Practice aPpIle to charitss prepanng their accounts in accordance with the Financial Reporting Standard aP41cab1e in the UK and Reput4ic of Ireland {FRS 1021 {Charille$ SORP {FRS 10211 and the Charities Ad 2011. Accountlng polici•s Basls of preparatlon The nnancial statements hAve been pparett on the hlstorical cost basis. as modified by the revaluation of certain financial assets aThJ Ikqtiliknes and investrnent properties measured al fair Value through Income or exp8nditu. The financial slaloments are prepared in storting, ¥sthich is tho fUn¢'0n4 rrencY of tha ents'ty. Golng concem Th•r8 no matsrial uncertainties about the charitys ability to conllnue. Judg•rnents and key 4our¢•s of ••tlmatlon unurtalnty The preparation of the fin8nci81 8talements requires man8gemenl to make judgement8, estimates and assumption5 Ihal affect the amounts reported. These estimates and judgements are continualty reviewed and are based on experience and other factors, including expectations ol future events that are believed lo be reasonable under the circLbmst8nces. d judgements are continually reviewed and are based on experience and olher faclors. including expectations of fulurg events Ihal are believed lo b8 reasonablo under the circumstances. Fund accountlng Unreslricled funds are available lor use al the disueli of Ihe trustees lo further any of the charllls purposes. Oesignated funds are unrestrbcaed lunds earmarked by the trustees for particular future project or commitment. Restred funds are SubjIed to reslncticms Iheir expendthire declared by the donor or through the lems of an appe81, and fall inlo one of sutpclasses". restricted income funds or endowment funds.
Hudswell Communlty Charity Note5 to the Financial Statements (conrfn¢Rd) Year ended 31 October 2023 A¢Gounting policies Icondnwdl Incoming resources All incorning resources are induded in the statement of finaftcia acITV¢tS when enlillernenl has passed to the charity, it is probable that the eC0M1¢ benefits a5stlated with the transaction wll fl¢)w lo the charity and the amount can be reliably measured. The fdlowing specific policie5 are applied to particular calegorEs of income.. Ineome from don81ions or grants is recognised when there is evidence of enlillement lo the gift. receipt 15 probable and its amount can be measured reliatrAy. legacy income is recognised when receipt is probable and enbllement 15 established. irorne from donated g)ods 15 rneasured al the fair value of the 9oods unless this is impracbcal lo measure reliably. In which case the value is derived frorn the cosl to the donor or the estimated resale value. Donated faul1t$ and service5 are recognised In the accounts when ieceived if the value can bg relkgt4y measured. No am(xJnts are induded for the contribution of general vc4unleers. income from contracts for the supply of $eNces Is recognlsed wlh the delivery of the contracted service. This Is dassified as un$triCt0d funds unless there is a contractual requirement for il lo be spent on a partilar purpose aTrJ rfrlumgd if Lsnspent, In whlch case il may be regarded as restrict8d. Regourcos expgnded Exp8ndilur6 is recognised on an accnJals basis 8S 8 liability ts incurred. Expgnditur8 indudes any VAT thich cannot be fully recovered. and is dassffied under headings of Ihe statement of firsancial activities lo which it relates.. expenditure on raising funds indudes the costs of all fvndraisiTh3 activities. events, non- charitable trading activilJ"es. and the sale of donated good&. eXpallUre on chanlable aclMti8s indudes all costs incurred by a charity in undertaking activities that further its charita18 aims for the benefit of its beneficiaries. including those supporl costs and costs rdaling lo Ihe pvemance of the charty apportioned to tharilable acliwbes. other expenditure indvdes all expendi that 1$ neither related to raising funds for the charity nor part of its expeTrJthre on charitable activities. All costs a alkncaled to expendilure calegL¥ies reflecting Ihe use of the resource. D1ct costs allribulable lo a single actiwty are altocated directy lo Ihal aclivty. Shared costs are apportioned belween the activities they contribute to on a reasonable. juslrfiatje and consislenl basis. Tanglble asyJets Tangible asse15 arg inibaly rBcord8d at cost, and subsaqu8nly 5talgd at C05t Igss any accumulated depreciation alld irnpaimient losses. Any tangii4e assets carried at revalued amounts are recorded at the fair value at the date of revaluation 55 any subsequent accumulated deprtsciats aThl subsequent aCmUlated impaimient losses.
Hudswell Community Charity Notes to the Financial Statements (co Year ended 31 October 2023 Accountlng policies {rOntIn) Tanglble assets (Con An increase in the carrying amount of an asset as a result of a revdualion, is recognised in other recognised gains and losses, UesS it reverses a charge for Impaimient that has previously been recognised as expendrture within the statement of financsal actNilies. A decrease in the c8rrying amount of an asset as a res1 ol revduats"on, 15 Tecognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in case the loss is shown within other wognised gains and losses on the 6tatem8nt of finanud x1ivrt5. Dep¥eciation Depreciation ts calculated so as lo wrrte off Ihe cost or valuatlcm of an asset, less its residual value, ovor lh8 useful eccw7omic1rf8 ol that assel a5 follows: Freehold property Plant and machlnery 5% straight line 10% straight line Invostmonts Unlisted equity investments ale InitilY recorded al cost. and subsequ8nlly measured al fair value. 11 fair valu• cannot be reliably measur. assgts arg measured at cost less impaimienl. Listed inveslrnenls are measured al fair value wth Changes in fair value being recognised in incom& or expenditure. Inv•stm•nts In assoclat•s Investments in associates accounted for in accordanc8 th8 cost m&Jel are recorded at cost less any 8ccumulaled impaimienl losses. Inveslmenls in a$Sl8te5 acccMJnted in a(rordance with the fair value mc*Jd are initially recorded 31 the transaction pn.. Ai each reporting dale. the investments are measured al fair value, wlh changes in fair value taken through IrMe or expendilure. Where it is impraclThble lo measure lair value reliably wilhoul undue cost or effort. Ihe cost model will be a(Jopled. Dividends 8nd other distributions received from lh8 investment are recognised as income wlhoul regard lo lthelher the distributions are from accumulated profits of the associate arising belorg or after the d8t6 ol acquisrtion. Invostments In joint v•nluro8 Investments in Icmntly contrc4led ents.lies aco)unted in accordance with Ihe cost model are recorded al cost less any acCUmaled impa'rm8llt losses. Investments in j(ynUy controllerj entitS accwnted for In accordance wth the fair value rnodel are Initially recorded at the tran5X1 prlcg. Al 98th repffling (la. Ihe Inv8stsm8ni$ 8re measured Bl fair value, with changes in fair value taken Ihrough income or expendilure. Where il is impracticable lo measure tsir value reliably lthOU1 undue cost or effort, the cost model will be adopted.
Hudswell Community Charity Notes to the Financial Statements Year ended 31 OGtober 2023 AGcountln9 pollcles (conllntsedj Investments In Jolnt ventUrn8 (conènwdj Dividends and other disM"butions received trom the investment are C0]niSed as income wilhoul regard lo vthether the distributions are from ac£umulaled profrts of the joint venture arising before or after the dale of acqu1sitir. Impalnnent of flxed assets A roview for indicators of impairment is Carr at ea¢h reporting dal8, wth the recoverable amount being esbrnaled where such indi¢%lors exist. Where the carrying value exceeds the recoverable amount. the asset ts impaired accordingly. Prior Impalrments are also reviewed for possitAe reversal at each reporting dale. For the purposes of impaimienl lesling. when it is not possible to eslimate the recoverabl8 amount of an individual asset. an eslimale is made of the recoverable amounl of the cash- generaliry unit lo whieh the asset belongs. Th8 cash4Jeneratiro unit is the smallest Idenllfiable group ol assets that includes the asset and generates cash Inftows that largely ind8pènd8nl ol the cash inflows from othèr assets or groups of assets. For impairment lesting of gc11. the 9)0.11 acquired in a business combinats'on 1$, from the acquI110n dale, located to each ol the cash4Jenerating units that are expected lo benefit from the synergies ol the combinats'on, irrespective of whether other 8ssets or liabililies of the charity are asSn¢d to those unit& Gov•mmént grants Government grants are reccgnised 81 the fair value of tho asset rec4ived or receivable. Gr8nts are not recnISed until there is reasonable assurance that the charty w711 comply wrth the condrtions allaching to them and the grants wll be received. Where the grant does nol impose specified fvture perfomiancfrrelated conditsons on the recipient, il is reccgnisèd in income when the grant proceeds are received or receivable. Where the grant does impose Speryfd lulure performance-related condibons on Ihe recipient, il is recognised in income only when the performance-relaled condiknons have been mel. Where grants received are prk)r lo satisfyiTrJ the revenue rQgnItiOn crrteTia. they are rewnised as a Financlal Instruments A financ1 asset or a rmanCl liabilty is recognised only vtn the charity becornes a party lo the contractual provi¥ions of the instrumenl. Basic financial Instruments ar8 initially recc¥Jnised at the amount receivable or payable Inc1ling any Telated Iransaclion costs. Current asseis and current liabilities are subsequenify measured at the cash or other consideration exwcted lo be paKI or rec8ived and not dis¢ounte(l. Debt instrurnents are subseqLnliy measureAI at amortised $1. 10
Hudswell Community Charity Notes to the Financlal Statements f¢oithiw Year ended 31 October 2023 Accountlng pollcles iconunwdj Flnanclal Instruments (¢orfni* Where investments in shares a pUt¥Y tra(Jed rx their fair value can olherwise be measured reliably, the investment is subsequenlly measuTed at fair value changes in fair value recognised in income afKI expenditure. All other such investments are subsequentty measured at cost less impaimienl. Other financial instnjmenls. IndJing d8rfvaUves, are initially recognised 31 fair v81ue, unless payment for an assat is defoffe(I beyond normal Iwsiness 16rms or financed at a rate of interest that is not a market rate, in which case the asset is measured al the present value of the lulure payments discounted at a market rate of Interest fcw a similar debl InstrumenL Other financial instruments are subseqijently measured al fair value. wlh any changes reco9nised in the slatemenl ol financial aclivities. with the exception of h8dging instrumen15 in a designaled hedglng relatIShi Financial assets thal are measured at cost or 8mortised cost ore reviewed for objecb've evidence of impairment al the end of èach reporting dale. If there is objectNe evidence of impairment. an impairmenl loss is recognised under the appropnale heading in Ihe slalement of financlal aclwilies in thè inrtial gain was reco9nised. For 011 equity instruments regardless tsf synitlcance. a1 other financial assets that are individually significant. Ihose are assessed individually for impairmenL Other financial assets are eilher assessed individually or grwped on the basis of similar credit risk chaiacterislics. Any reversals of Impaimi8nl are recognised immedialely, lo ts extent Ihal the reversal doès not result in * Gary'ng amount ol th8 financial asset that 8xceeds what the carrying 8mounl would have be had the Impairment not proviousty been reLwnised. Donatlons And legacles Unre$irided Funds Restricted Total Funds Funds 2023 Grgnts Grants 13.075 351,705 364,780 Unrestrithd Funds Restncted Tolal Funds Funds 2022 Grants Grants $94 594 Charltable actlvlt10S Unrestri(led Totsl Funds Unrestricted Total Funds Funds 2023 Fund$ 2022 Renewable energy 2.663 2,663 11
Hudswell Community Charity Notes to the Financial Statements (c Year ended 31 October 2023 Investment in¢(Mne unrestrict Total Fundg Unrestricted Total Funds Funds 2023 Funds 2022 Rent and utilitie8 witn'bution rece¥ved Bank Interest receivable 33.895 2.158 33,895 2,158 35.612 32 35.612 32 36.053 36.053 35.644 Expendlture on chafltaNe actlvltltrs by fund type Unrestricted Restricted Total Funds Fun(ts Funds 2023 Charltat48 aclivily 38,014 15,941 53,955 unstrICted Funds Reslricled Total Funds Funds 2022 Charitat48 activty 44,126 594 44.720 Expendituro on ¢harftabl• a¢tlvitlo¥ by a¢tl¥lty type Activities undertaken Total funds Uirecuy 2023 Total fund 2022 CharitstAe activty 53,955 53,955 44.720 Net incomellexpendlturel Net Incomel(expgndrtuiel ks slated after Gharging1{uediting)'. 2023 2022 D8precialion of tsn9ibl8 fixed assets 12,090 11,804 10. Ind•pendent exarn•natlon fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of th8 financial statements 477 11. Stoff ¢o•1• The average head counl of emoYeeS during the year was Nl (2022.. NI). No emFloyee recewed erntdoyee beneffts of more than £60,000 during the year12022.' Nill. 12
Hudswell Community Charity Notes to the Financial Statements (c Year ended 31 October 2023 12. Trustee remuneratlon and expen8e8 No remunerathy) or other benefits from emF4oyTnenl with the charity or a related entity were receNed by the trustees. 13. Tanglble ftxed a88018 Freehdd propety Plant and machinery Total Cost At 1 November 2022 Additions 636,521 48,196 684.717 8,695 645,216 48,196 At 31 October 2023 8.695 693,412 Depr¢Giation Al 1 November 2022 Charge for the year At 31 October 2023 32.805 11.221 44.026 4,345 37.150 12.090 5,214 49,240 Carrylng amount At 31 October 2023 640,691 603,716 3,481 4,350 644.172 608.066 Al 311)ctober 2022 14. In¥gstments Other Inve8tm8nt8 Cost or valuatlon Al 1 November 2022 Additions Fair value movements 26,167 At 31 Octob6r 2023 27,021 Impalrment At 1 Novembor 2022 and 31 OGtob•r 2023 Carrylng amount At 31 October 2023 27,021 At 31 October 2022 26,167 AJI investments Sh aboNF are held 8t valualion. 13
Hud5well Community Charlty Notes to the Financial Statements (Cotibndj Year ended 31 October 2023 15. Creditors: amounts falllng due within onè year 2023 2022 Bank loans and overdrafts Accruals and deferred InccKne 7,000 12,093 7,000 20,346 19,093 27.346 16. Cr8dltors: amounts lalllng due aftor more Ihan one year 2023 2022 Bank loans and overdrafts 210,253 215.216 17. Deferred Income 2023 2022 Amount iJef8rr8(J in ar 11.013 19,406 18. Gov•mm•nt grants The amounts recognised in th8 financial stalemants for government grants are as follows.. 2023 2022 Recognised In creditors.. Deferred govemmenl grants due within one year 11,013 19.406 19. Analy818 of charltabl• funds Unrestrlctod funds At 1 Nov 2022 Gains and 108888 31 Oct 2023 In9 Expenditur8 Transfgr3 General funds Fair valug reserve 458,624 1.167 51,994 (38.014) 12.857 485,461 2,021 459.791 51.994 (38.014) 12,857 487,482 Al 1 Nov 2021 Gains arKI At losses 31 Ocl 2022 Income Expenditure Transfer5 General funds Fair value resèrve 464.443 38.307 {44.126) 458,624 1,167 (1,832) 11,832) 467.442 38.307 {44.126) 459,7g1 14
Hudswell Community Charity Notes to the Financial Statements (conb Year ended 31 October 2023 19. Analysis of ¢harftable fun(ts Iwibknwd) strictod funds Al 1 Nov 2022 Gains and At losses 31 Oct 2023 Inwme Expenditure Tran5fer5 Church Affordable Housing Gr8nt RDC Hudswdl Origins Project 18.000 {5,143) {12,8571 325.0 {8.8731 316,127 8,705 351,705 {1,9251 (15,9411 {12,8S7) 6,780 322,907 Al 1 Nov 2021 Gains and Al losses 31 Ocl 2022 Income Expendilurg Transfers Church AffordatAe Housing Grant RDC Hudswell OrKJSns Project 594 (5941 594 (594) 20. Analysls of not ass•t* b•iw••n funds Unreslncled Funds Restricted Totsl Funds Funds 2023 Tangible fixed assets Current asset5 Credltors less than 1 Crgditors gre8ler than 1 year Not a88el8 671,193 45.635 119,0931 1210.253} 487.482 671,193 368.542 119,0931 1210,2531 810,389 322,7 322,17 Unrestricled Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current asse15 Creditors less than 1 ar Cr8ditors 9reater than 1 year Net a88ets 634,233 48,714 17.9401 1215,216} 459,791 634,233 68,120 127.3461 1215.2161 459.791 19,406 119,406) 15
Hudswell Community Charity Management Infomiation Year ended 31 October 2023 The folkmlng page• do not forni part of the flnancl•l $totgmgnt•. 16
Hudswell Community Charity Detailed Statement of Financial Actlvities Year ended 31 OGtober 2023 2023 2022 Income and ondowments Donations and legaclas Grants 364,780 594 Charitable actlvltles Renewable energy 2,866 2.663 Inv8stm•nt Income Rent and ulililies contribution reCeIj Bank interest receivabl¢ 33,895 2,158 36,053 35.612 32 35,644 Total Incomo 403.699 38,901 Expendbture Expondlture on ¢harltsble a1VIll•l 489 2,714 14,439 818 4,515 12,090 18,025 Repairs & maintenare Insurance Accountancy Legal and professial fts¥ Depreciahon Mortgage interest and b8nk ¢h8rges Sundry expenses Donabons 15,029 766 477 4.764 11.804 11,043 217 620 830 53,955 44,720 Total expondlturo 53,955 44,720 Net In¢om81{expendlturo) 349.744 15,8191 17
Hudswell Community Charity Notes to the Detailed Statement of Financial Activities Year ended 31 October 2023 2023 2022 Expenditure on charttable activities Activify typ• I Activities undertaken directty 489 2.714 14,439 818 4,515 12,0 18,025 Repairs & maintenance Insurance Accountancy Legal and professional fees Depreciation Mortgage interest and bank charges SurKlry expenses Donations 15,029 766 477 4.764 11.804 11,043 217 620 830 53,955 44,720 Expondlturo on charttable •¢tlvltl•8 53,955 44,720 18