HASLINGFIELD UNITED CHARITIES CAMBRIDGE ANNUAL REPORT FfNANCIAL STATEMENTS FOR THE YEAR I JANUARY 2020 TO 31 DECEMBF.R 2020 REGISTERED CHARITY NUMBER: 204670 Reardon & Co Ltd Chart¢red Accountant8 Fulbourn. Cambridge HASLINGFIELD UNITED CHARITIES CHARITY INFORMA TION Governors: Mr J Offord Mrs S Watson Mr R van der Hoorn Dr Chrigtopher Burgoyne Mrs Reincmann Mr David Downes Mrs C Branch Parish Council Parish Council Parish Council University of Cambridge Co-opted Co-optcd Co-opied Fund Trnstees: Poor Fund: Mr J Offord Mrs GM Gott The Master of Trinity College, Cambridg¢ The Presidcnt of Queens College, Cambridge Church Fund: The Vicar Churchwardens Education Fund: Governors aq liqted above. Alice and James Wibscy Fund: Governors as listed above. Office: Clerk: Mrs WA Timb$ 45 Badcock Road Haslingfielé Cambridge CB3 7LF Independcnt Examiners: NJ Diss FCA Reardon & Co Limited Chartered Accountants Ash House Brcckcnwood Road Fulbourn Cambridge CB215DQ Fund Managers: Brown Shipley Richmond House 16-20 Regcnt Street Cambridge CB2 IDB Annual Report to Charity Commissioners: 2020 Thc Governors of th¢ Haslingfield United Charities have continued to perforni their statutory fimction of acting as Trustees of the Education Fund (Reg. No.311371) and ManageTS of the funds for the Church Charity, (Reg. No.265934} the Poor's Charity (Reg.No. 265935). The two very 8mall Charities, Barber's Charity (Reg.No.311388) 2ULd the Clock Lands Chatity e also administered by the Governors of the parent Charity. Almost all of the income of the Education Fund now derives from the rentsl of the school hvus¢. which togcth¢r with the 8rcatcr part of the gehool Prcmiseg And glte, 18 owned by the Charity. For some years the Trustees have n]aintained a reserve fund to meet specific needs within the school which cannot be met from LEA funding. N¢¢ds vary from year to year. Each year the Tnlstees also prescnt ¢ach child who is leaving the school with a copy of thc Pocket Oxford Dictionary containing a specially designed and individually inscribed bookplate. ID addition, the Trnstces invite applications each year from children in the village for grants to meet part of the expenses incurred in educational projects and activities and in attending for interview for courses of furtber education. In the case of these projects, each child is required to submit a brief account of his or hcr Work and a small prize is awarded if an account is judged to be of out%tsnding merit. Small grants are also offered for young persons under 18 who cngage in educational and chara¢t¢r-building activit1¢8 c.g. Dukc of Edinburgh Awards and Voluntary Service Organisations. Grants are also made to students towards the cost of books and equipment needed for educational courses and activities as well as university courses. In 1999 the cxccutors of ihe lat¥ Mr James W&sb¢y, a fonncr rcsidcnt of the villagc, requested that the Govcrnor¥ of th¢ United Charitics should manage a bequcst ot"£25,000 from Mr Wi8b¢y's will. Mr Wisbcy wished this 4um to be used to set up the 'Alice and James Wisbey Fund, for thc benefit of the village school. In view of Mr Wisbey's profession as a buildcr, his exccutors &8ked that th¢ proceeds from th¢ fund be uscd for improvemcnts to thc 8tru¢ture and fittings of the school buildings and its grounds rathcr than for ¢duLational matcrials. Thc bequest was placed in the hands of the Charitie8 financial advisers Brown Shipley, to be managed in a similar way to the assets of The Education Fund. The income and capital of the Church Chdrity derives entircly from investm¢nL8 and in the ternis of the bequest is dedicated lo th¢ upkeep of the "Church tower and the steeple thereof, and only if this need is satisfi¢d, for other purposes in the Church. Part of the incom¢ and growth of the fund have already been used. the balance remaining inv¢st¢d until the next Stage of work, The Poor's Fund, has very seldom m¢t the original intcntion of relieving real poverty but it has been used during the COVID pandemic when th¢ need has aiisen in thc village. A annual distribution of a plant, togethcr with a greetings Card, is made cach year to some 20 individuals just b¢forc Christmas. Continued Both the Trustees of the Church Charity and the Poor's Charity on behalf of whom funds are managed, have for many years been represented as fvll Governors of the Parent CIMrity. The Clerk to the Governors of the United Charities also acts as Clerk in rnatteTS concerning the subsidiary chaTities, for example in convening the annual meeting of the TTUSte¥ii of Ihe Poor's Chatity. The incom¢ of the Barber's Charity is very small. The original bequest which provided for a prize of fifteen shillings for proficiency in recitation of the CateLhism has long been Inapplicable to ¢urr¢nt timcs. The Clock tAnds Charity owns about l acre of meadowland in the village that offers no in¢ome or fund raising capability. Chaimian of the Governors HASLINGFIELD UNITED CHARITIES Independent examiner's report to the trll8tees of Hasllngfleld United ChAr1d￿. I report on the a￿oUnt8 of the Trust for the year ¢nded 31 December 2020. which are set out on pages 5tolO. Respective responsibilitses of trustees and ex8dmlner The charity's trustee5 are responstble for the prcparation of the accounls. The charity's trusttees consider that all audit is not required for this y¢ar under scction 144 of the cI￿ltieS Act 2011 (the 2011 Act) but an independent examination has been arranged. It is my responsibility to.. Examine th¢ arKountS Lmdcr s¢ction 145 of the Charities Act To follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and To slate wbether particular matters have come to my attention Basls of Independent examiner's statement. My examination wa5 ¢attied out in accordaDC¢ with the General Directions given by the Charity Commission. An examination includ¢b a review of th¢ accounting records kept by the charity and a comparison of the a￿oUntS presented with those records. It also includes coosideration of any unusual items or dis¢10svres in the accounts. and secking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidenc¢ thai would be required in an audit. and Con￿quentIY no opinion is given as to wh¢th¢r the accounts present a 'ttue and fair view, and th¢ report 18 limited to those matters s¢t out in the next stat¢ment. Independent examiner's statement. In connection with my examination, no material matters have come to my all￿tion which gives me cause to believe that in any material respect.. The accounting reeords were not kept in accordance with section 130 of the Charities Act. or The accounts did not accord with the accounting rccords. or The accounts did not comply with the applicable requirements concerning th¢ forni and content of accounts set out in the Charttics (Accounts & Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair. view which is not a matter considered As part of an indq)endent examinkn"on. I have no concerns and have come acros&no other tnatter5 in connection with the examination to which attention should be drawn in this port in OTd r to enable a proper understandillg of the accounts kn be reached. NJ Diss, Independent Examiner Chartered Aocountant Reardon & Co Limited, Ash House, Breck¢nwood Road Fulbourn, Cambridge, CB215DQ ll 2011 HASLINGFIELD UNTTED CHARMES STATEMENT OF FINANCIAL ACTMr (INCORPORATING RECEIPTS AND PAYMENTS Accoupifs- INDMDUAL FUNDS) FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 TOTAL TOTAL CHUR EDUC POOR GH ATION CLO CK BER HOLT PRIZE wis BEY FUND RFSOURCFS ARISING- INCOME Rental IDcom¢- School HOU￿ H￿11￿85eId Investmont Inwtt*". ross int¢￿st T#eived Divid¢nd8 wific fimd Donauolls C4pltalr•ceipts Pmceeth from 8th of itivestmcDt• 14,478 14,478 14,124 23 4.729 1.100 ioi 4,753 1,164 i.ILxJ 10.21B 5.022 4.293 19,533 24.283 TOTAL RECEim 11909 21A 5.+160 39163 43,261 RESOURCES USED- PAYMENTS Dlrecl Charlt#ble plymenti EdHe4lioA Fmnd Haslingfield S¢hool lI￿lingfIeld Pr￿￿hL￿)I Student grat)t$ Church Fund Chur¢h rcsioraiion fund Poor Fund DO￿tionS 7,8C 78C 520 2LK) 1,197 Other EipeDdl¢ure School Hou$¢. Flaslin8ficld Management ¢hJr8¢8 R¢pairs to property L737 1293 1,737 3,143 1,569 5,114 951 1.758 1,390 62 343 1,044 Grass cutting & gardenth8 Fund managers fees LEI irtvoi¢¢ New laMop Distribution account C•ipknlpyments PurrhA8¢ of investments Sundry expenses TOTAL PAYMENTS 479 156 597 447 5,0$7 2.018 7.075 13 24,284 6￿74 17 1255 25,945 45.952 {Defi¢itySurpI￿ for the year Accllmulated Incom¢ ai l Jalluary 2020 Accumulaie41 Income at 31 December 2020 6335 3￿51 4258 9.2Tr) ¥969 IOA93 12.752 L969 1741 iioii 11751 4205 13,918 IL6911 lo￿51 26,184 28,909 I4￿56 40.102 16,184 207 207 HASLINGFIELD U￿D CHARITIES STATEME￿[ OF ASSETS AND LIABILITIES AT 31 DECEMBER 2020 FIXED ASSETS 2020 2019 Fr¢¢hold ProF¢rty (Note 3) tnvestments (Note 4) 205,388 216,461 CURRENT ASSETS Cash at bank Cash at Cater Allen accounts 301 39.801 934 25.237 NET CURRETrrr ASSF.TS 40,102 26,184 245,490 242,645 TOTAL ASSETS £245,490 £242,645 2020 2020 2020 2019 REPRESENTED BY FLfNDS: Capital Income Total Totsl Barber Prize Fund Clock Holt Fund Poor Fund Church Fund Education Fund Wisbey Fund 4,514 207 142 15,621 12,463 7,155 4,514 207 142 128,522 63,389 48,716 4,588 207 142 127,651 54,140 55,917 112,901 50.926 41,561 205,388 40,102 245,490 242,645 SIGNED ON BEHALF OF TRUSTEES JOAA O/for Chairnian APPROVED B Y THE TRUSTEES ON 11110 12021 HASLINGFIEIJ) UNrrED CHARITIES OTES TO THE FtNANCIAL STATEMENTS 2020 ACCOUNTtNG POLICIES I. BASIS OF ACCOUNTING The financial statcrn¢nts have been pr¢par¢d under the historica] cost eonvention on receipts al￿ payments basis. DONATtONS & GRATrrrs RECEIVED Donations are recognised immediately on receipL INVESTMENT INCOME Interest and dividends are recogntsed on receipt RENTAL INCOME Rental income is recognised on receipt from the managing agenL CHARITABLE & EXPENSE PAYMENTS Charitable and expcnse payments are recogllised at the tim¢ of payment. INVESTMENTS Quoted investments stated at th¢ market value at the balance sheet date. TANGIBLE FIXED ASSETS The residential investment property and the Haslingfield Primary School propety are not included at valuation in the statement of Assets and liabilities. The trustees wnsider the cost of obtaining an appropriate valuation to exceed th¢ b¢n¢fit to the rcader of th¢ Charity's financial statements. 2. RESTRICTED FUNDS All the Funds of the Charity considered to k r¢stricted in that thc funds are subject to 8pecAfic conditions imposed by the donor and binding on the trustces. Apart from the Education fiu)d which is endowed with a freehold interest in the H&slingfi¢ld Primary School, the division between capital and accumulated income is designated by the trustees and remains at the discretion of the trustees. The specific objectives of the funds are for the benefit of the H&8lingfield Community as set out in the annual report. HASLINGFIELD UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS 2020 3. FREEHOLD PROPERTY The Education Fund owns significant freehold property which is not reflected as having a value in the Statement of Assets and Liabilities. The Fund owns the School House in Ilaslingficld lel al an annual rent of £14,478 (2019.. £14,124) and also thc gr¢at¢r part of the grounds and school buildings of Haslingfield Primary School whi¢h is leased on a long and full repairing lease to Cambridge County Council. The Trustees consider the cost of obtaining an appropriate valuation of these properties cxc¢¢ds the benefit to the r¢ader ot the accounts of including them at a monetary valuc in the Statem¢nt of Assets. HASLINGFIELD UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS 2020 4. INVESTMENTS 2020 2019 Investments at Market value 1,000 M&G charifi￿d Units 1,000 Aberfortb Small¢r Cos Trust 11,400 Smith & Williamson 1.475 BMO Global 4,425 Perpetual Inc & Growth 15,804 Smith & W Short Corp Bond 19,245 Baillie Gifford Cory Bond Fund 6,000 Trojan Fund 2,700 Alliance Trust 2,475 Monks Investment Trnst 2,000 Law Debenture Corp 6.768 Schroder UK Mid 400 Temple Bar Investment Trust 1,860 AVI Global Trust 896.539 JP Morgan US 2,478,776 Blackrock & EU 13,726 12,360 13,383 21,299 16,607 15,400 12,502 21,402 14,824 14,360 17,619 15.997 22,680 23,735 13,000 7,959 5,904 14.471 14,208 18,061 17,127 24,327 33,660 13,800 16.405 3,078 3,954 205,388 216,461 HASLINGFIELD UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS 2020 5. Common costs, accountancy £1,044 is apportioned in the following ratio: Church Fund Education Fund 417th 317" 6. OTHER LiABILITIES At .31 December 2020 liabilities not rcflected in the reccipts or paymcnts account or the Statemcnt of Assets or Liabilitics were.. Accountancy fee: £1,044 io Signature Certificate .z. Document Ref.: KSZZX-WQBNP-CUAHZ-ETFTR Document signed by: John Offord Verified E-mail. john offord@hotmail.co.uk O/fv Document completed by all parties on: 11 Oct2021 18:13:15 UTC Pago1of1 Signed with PandaDoc.com PandaDoc is a document workflow and certified esignature soluts'on trusted by 25,000+ companies worldwide.