2023-03-31-accounts - The Hinchingbrooke Foundation

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Trustees		Mr PCox, Vice chair, former	Mr PCox, Vice chair, former	Mr PCox, Vice chair, former	Mr PCox, Vice chair, former	Governor ofSt	Governor ofSt	Governor ofSt	Peter's School	Peter's School	Peter's School
		Mr P Fenney, Chair		ofTrustees
		Mr M Paterson,	Principal of			Hinchingbrooke			School
		Mr A Butler, Representing			Huntingdon Almshouse					Charity
		Mr M Joyner, former		Governor ofHinchingbrooke						School
		Mr TRWheeley,	Teacher		Hinchingbrooke			School
		Mr J E Brown, Governor of Hinchingbrooke						School
		Mr J Leaver, former		Governor ofSt Peter's				School
		Mrs M Bartimus,	former Governor				ofHinchingbrooke				School
		Ms L Inskip, former student				at Hinchingbrooke			School
		Mr P Sadler, Governor ofSt Peter's School
Charity number		1188401
Principal address		cfo Hinchingbrooke		School
		Brampton Road
		Huntingd on
		Cambridgeshire
		United Kingdom
		PE29 3BN
Auditor		Azets Audit Services
		Ruthlyn House
		90 Lincoln Road
		Peterborough
		Cambridgeshire
		United Kingdom
		PE12SP
Solicitors		Roytho mes
		The Incubator
		Alconbury Enterpdse		Campus
		Huntingdon
		Cambridgeshire
		PE28 4XA
Investment	advisors	COLA Fund Managers Limited
		One angel Lane
		London
		EC4R 3AB

		Page
Trustees' report		1-5
Statement ofTrustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities	10-11
Balance sheet		12
Notes to the financial	statements	13-22

Current financial year	Current financial year
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds
				2023	2023	2023	2023	2022
~ln ~mfr I;			Notes	E	8	f	E
Donations and legacies								50
Investments				17,291	4,191	275,589	297,071	290,797
Total income and	endowments			17,291	4,191	275,589	297,071	290,847
gZp~nl gre on:
Charitable activities			5	253,052	3,500		256,552	244,276
Other			10			14,200	14,200	14,200
Total expenditure				253,052	3,500	14,200	270,752	258,476
Net gains/(losses)	on investments		11	(17,134)	(5,549)	(425,459)	(448,142)	805,375
Net (outgoing)/incoming		resources	before
transfers				(252,895)	(4,858)	(164,070)	(421,823)	837,746
Gross transfers between		funds		261,389		(261,389)
Net movement in	funds			8,494	(4,858)	(425,459)	(421,823)	837,746
Fund balances at 1 Apdil		2022		636,563	156,096	10,104,522	10,897,181	10,059,435
Fund balances at	31 March 2023			645,057	151,238	9,679,063	10,475,358	10,897,181

Prior financial year	Prior financial year
					Unrestricted	Restricted	Endowment	Total
					funds	funds	funds
					2022	2022	2022	2022
				Notes	6	6	8	5
~n~mf~rm:
Donations and legacies						50		50
Investments					18,494	3,906	268,397	290,797
Total income and	endowments				18,494	3,956	268,397	290,847
E8g~nl ~r
Charitable activities					241,476	2,800		244,276
Other				10			14,200	14,200
Total expenditure					241,476	2,800	14,200	258,476
Net gains/(losses)	on investments				34,889	11,300	759,186	805,375
Net (outgoing)/incoming		resources before		transfers	(188,093)	12,456	1,013,383	837,746
Gross transfers between		funds			254,198		(254,198)
Net movement in	funds				66,105	12,456	759,185	837,746
Funds transferred	on conversion		to CIO		570,458	143,640	9,345,337	10,059,435
Fund balances at	31 March 2022				636,563	156,096	10,104,522	10,897,181

							2023	2022
					Notes		f	6
Fixed assets
Investment	properties				12		364,780	364,780
Investments					13		9,546,870	9,980,812
							9,911,650	10,345,592
Current assets
Debtors					15		474,201	475,245
Cash at bank and in		hand					98,057	82,164
							572,258	557,409
Creditors:	amounts	falling	due within
one year					16		(8,550)	(5,820)
Net current	assets						563,708	551,589
Total assets less current liabilities							10,475,358	10,897,181
Capital funds
Endowment	funds - general				17		9,679,063	10,104,522
Income funds
Restricted	funds				18		151,238	156,096
tfntgatflgta~da
Designated	funds						100,000
General unrestricted		funds					545,057	636,563
							645,057	636,563
							10,475,358	10,897,181
Tt n	il tt	t	pp	dtyth	'l	t	l+K
r PCox,	Vice chair,	former	Governor	ofSt	Peter's	School
Trustee

			Total	Restricted
				funds
			2023	2022
				F
Donations	and	gifts		50

		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds
		2023	2023	2023	2023
		6	6	6	6
Rental	income			5,718	5,718
Income	from listed investments	13,226	4,191	269,871	287,288
Interest		4,065			4,065
		17,291	4,191	275,589	297,071
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds
				general
		2022	2022	2022	2022
			f	6	6
Rental	income			6,760	6,760
Income	from listed investments	13,641	3,906	261,637	279,184
Interest		4,853			4,853
		18,494	3,906	268,397	290,797

				Grant	Grant
				funding	funding
				2023	2022
				6	6
Grant funding		ofactivities (see note 6)		224,263	211,156
Share of	support costs (see note 7)			25,803	27,300
Share of	governance		costs (see note 7)	6,486	5,820
				256,552	244,276
Analysis	by	fund
Unrestricted		funds		253,052	241,476
Restricted	funds			3,500	2,800
				256,552	244,276

						Grant funding	Grant funding	Grant funding
							2023	2022
							8
Grants to institutions:
School Grants							135,166	129,126
Community grants							31,789	31,162
Arts &Special	Projects - Hinchingbrooke			School			15,476	13,000
St John's Almshouse		Charity					5,000	5,000
Hinchingbrooke	School Prizes						3,500	2,800
							190,931	181,088
Grants to individuals							33,332	30,068
							224,263	211,156
Support costs
			Support	Governance	2023	Support costs	Governance	2022
			costs	costs			costs
			8	6	6	F		f
Accountancy and
Professional fees			2,320		2,320	3,914		3,914
Miscellaneous	expenses		126		126	153		153
Admin Fee			22,000		22,000	22,000		22,000
Insurance			1,357		1,357	1,233		1,233
Audit fees				6,486	6,486		5,820	5,820
			25,803	6,486	32,289	27,300	5,820	33,120
Analysed between
Charitable activities			25,803	6,486	32,289	27,300	5,820	33,120

2023	2022
Number	Number

		Endowment	Endowment
		funds	funds
		2023	2022
Deferred	grant	14,200	14,200

			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds
			2023	2023	2023	2023
				8	F	6
	Revaluation	ofinvestments	(17,134)	(5,549)	(425,459)	(448,142)
			(17,134)	(5,549)	(425,459)	(448,142)
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds
					general
			2022	2022	2022	2022
				6	F	F
	Revaluation	of investments	34,889	11,300	759,186	805,375
			34,889	11,300	759,186	805,375
12	Investment	property
						2023
						6
	Fair value
	At 1 April 2022 and 31 March 2023					364,780

				2023	2022
				5	8
	Freehold			364,780	364,780
	Long leasehold
	Shortleasehold
13	Fixed asset investments
					Listed
					investments
					8
	Cost or valuation
	At 1 April 2022				9,980,812
	Additions				14,200
	Valuation changes				(448,142)
	At 31 March 2023				9,546,870
	Carrying amount
	At 31 March 2023				9,546,870
	At 31 March 2022				9,980,812
14	Financial instruments			2023	2022
				8	8
	Canying amount of	financial assets
	Instruments measured	at fair value through	profit or loss	9,546,870	9,980,812
15	Debtors
				2023	2022
	Amounts falling due	within one year:		6	6
	Other debtors			49,200	21,843


Debtors																			(Continued)
																	2023			2022
Amounts	falling due				after more than one year:												F			8
Other debtors																425,001				453,402
Total debtors																474,201				475,245
Creditors:		amounts		falling due within one					year
																	2023			2022
																	E			8
Accruals and			deferred		income												8,550			5,820
Endowment			funds
Endowment		funds represent assets which						must		be held permanently		by the Foundation.					Income arising on the
endowment		funds can			be used	in accordance			with the objects ofthe Foundation						and	is	included	as
unrestricted		income. Any capital					gains or losses			arising on the assets		form		part	ofthe	fund.
											Movement	in	funds
							Balance at		Incoming		Resources		Transfem			Revaluations				Balance at
						1April 2022			resources		expended						gains and 31			March 2023
																	losses
											E				E			6		8
Permanent		endowments
Endowment		fund				10,104,522				275,589	(14,200)		(261,389)				(425,459)			9,679,063
						10,104,522				275,589	(14,200)		(261,389)				(425,459)			9,679,063
											Movement	in	funds
							Balance at		Incoming		Resources		Transfers			Revaluations				Balance at
						1 April 2021			msources		expended						gains and			1April 2022
																	losses
											E				8			8		8
Permanent		endowments
Endowment		fund					9,345,337			268,397	(14,200)		(254,198)				759,186		10,104,522
							9,345,337			268,397	(14,200)		(254,198)				759,186		10,104,522

				Movement	Movement	In funds	In funds
			Balance at	Incoming	Resources		Revaluations,	Balance at
		1	April 2022	resources	expended		gains and 31 March 2023
							lassos
				8		8	6	8
Prizes	fund		156,096	4,191		(3,500)	(5,549)	151,238
				Movement		In funds
			Balance at	Incoming	Resources		Revaluations,	Balance at
		1	April 2021	resources	expended		gains and	1April 2022
							losses
				8		8	5
Prizes	fund		143,640	3,956		(2,800)	11,300	156,096
			143,640	3,956		(2,800)	11,300	156,096

				Movement
				in funds
				Incoming	Balance at	Transfers	Balance at
				resoui'ces	1 April 2022		31alarch 2023
				8	F		8
Hinchingbrooke	House	contingency	fund			100,000	100,000
						100,000	100,000

Analysis o	fnet assets between funds
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds
			2023	2023	2023	2023
				6	6	6
Fund balances at 31 March 2023are represented		by:
Investment	properties				364,780	364,780
Investments			422,018	136,684	8,988,168	9,546,870
Current assets/(liabilities)			223,039	14,554	326,115	563,708
			645,057	151,238	9,679,063	10,475,358
			Unrestncted	Restricted	Endowment	Total
			funds	funds	funds
			2022	2022	2022	2022
			F	8		F
Fund balances at 31 March 2022 are represented		by:
Investment	properties				364,780	364,780
Investments			439,152	142,233	9,399,427	9,980,812
Current assets/(liabilities)			197,411	13,863	340,315	551,589
			636,563	156,096	10,104,522	10,897,181