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2023-03-31-accounts

Hungarton Charities

Registered Charity 1197960

Annual Report 2022-2023

Objectives and activities

The name of the Charitable Incorporated Organisation (“the CIO”) is Hungarton Charities

The objects of the CIO are

To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time in particular but not limited to the village of Hungarton, Leicestershire. This will be for the public benefit of residents and visitors to the village and surrounding area.

Specifically, to provide support by the means of grants, advice and other support as required for

To further such other purposes which may be charitable according to the law of England and Wales as the trustees see fit from time to time.

Achievements and performance

Hungarton Charities considers request from village organisations to support projects for the benefit of the local community towards the preservation, maintenance of village buildings and community areas, as well as supporting projects for young people and families.

The main fund raising event is our biannual Open Gardens weekend where several gardens are open to the public as well as demonstrations, craft stalls, refreshments and games. This brings the community together all working to raise money for our Youth and Sports Clubs, the Millennium Green ecology project, our Parish Church and Village Hall, as well as encouraging other environmental schemes in Hungarton.

Over very many years that this event has been held we have learned what is important to the visiting public and what we can offer to provide an enjoyable experience and value for money. Consideration is given to what activities and attractions appeal to all ages so we can present something for all the family. Very successful weekends have raised funds for the previously mentioned groups and visitors leave praising the organisation and community spirit evident throughout the visit.

In 2022 we researched the possibility of offering contactless payments for the entrance fee and all the attractions and this was successfully introduced and proved to be very popular for visitors and stall holders. It avoided having large amounts of cash being held overnight in a safe until it could be paid into a bank.

Grant Requests and Outcomes 2022-2023

Requester Purpose Amount Outcome Cost
[Actual]
Youth
Group
Trip to London £500 Approved £546.13
[tbc]
Youth
Group
Village Hall Hire £160 Approved £160 [tbc]
Church Annual Insurance £2400 Paid £2400
Sports
Club
Equipment £250 Approved £250 [tbc]

Plan for the next period (open gardens 2024), further grants etc.

We hope that in 2024 when we next hold our Open Gardens weekend we offer as much variation in what the vendors and demonstrators provide as well as more village gardens being open. We aim to encourage new families who have recently moved into Hungarton to get involved and experience the community coming together as ultimately they will hopefully reap some benefits from one or more of the organizations we are raising money to support. These new residents may also be able to offer different ideas for exhibitions, demonstrations and how best we can improve the visitor experience.

Financial review 22-23

The Charity began the year with £8641.56 in unrestricted funds.

During this year income from fundraising profit £9126.91 and donations £423.46 totaled £9550.37, whilst non fundraising costs amounted to £378.97

The Charities income is largely from fundraising that occurs in alternate years. With this in mind the Trustees have decided to create an unrestricted reserve fund to ensure adequate funds to enable grants throughout all financial years and for unexpected emergencies.

In accordance with the Hungarton Charities grant award policy the trustees allocated £4000 for grants in 2022-2023. The remaining funds used towards the running costs of the charity and to create an unrestricted reserve.

The trustees have elected to move the banking facilities from HSBC to CAF Bank as soon as practically possible. The unrestricted reserve is to be placed in a nominated CAF Gold Account.

Expenditure on charitable activities

In total the Charity approved £3310 in grants this year towards the charitable objectives, these are outlined above. Actual grant expenditure was slightly lower at £2400 as not all grants were accessed during the reporting period.

Expenditure on Costs

Bank and other service charges amounted to £196.56

Balance Sheet

Balance Sheet
April 23 April 22 Feb221
Fixed assets:
Intangible assets - - -
Tangible assets - - -
Heritage assets - - -
Investments - - -
Total fxed assets 0 0 0
Current Assets:
Stocks 0 0 0
Debtors 0 0 0
Investments 0 0 0
Cashatbankandin hand 2528.99 8641.56 6023.62
Total currentassets 2528.99 8641.56 6023.62
Liabilities:
Creditors< 1year (1006.13) 0 0
NetCurrent Assets 1522.86 8641.56 6023.62
Provisionsfor liabilities 12003 0 0
Total Net Assets 322.86 8641.56 6023.62
Funds of the Charity
Unrestrictedreserve2 13,000 0 0
Total Charity Funds 13,222.86 8641.56 6023.62

Notes

  1. Charity formed in Feb 2022

  2. Allocated Reserve; dedicated CAF Gold Reserve Account

  3. £400 Banking and Accounting, £800 for Village Hall Wi-Fi provision

Structure, governance and management

The charity trustees manage the affairs of the CIO and for that purpose exercise all the powers of the CIO. The CIO is managed in accordance with the foundation document and the Hungarton charities grant making policy.

The CIO does not employ staff or any external advisors.

There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. The maximum number of charity trustees is nine. The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum.

Current trustees

The trustees maintain communication with the local charities and groups that request grants on a frequent basis namely St John the Baptist Church PCC, Hungarton Village Hall, the Hungarton Sports Club and the Hungarton youth group. This is to ensure that activities within the area achieve maximum benefit in accordance with the charitable aims of these organizations.

Reference and administrative details

Registered Address: The Cottage, Main St, Hungarton, LE7 9JR Email: info@hungartoncharities.org.uk Website: www.hungartoncharities.org.uk

Banking Services are provided by

HSBC, 2 - 6 Gallowtree Gate, Leicester LE1 1DA

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ