## HASLINGFIELD UNITED CHARITIES ## CAMBRIDGE ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2022 TO 31 DECEMBER 2022 REGISTERED CHARITY NUMBER: 204670 John Offord Chairperson Haslingfield United Charities 2022 ## **HASLINGFIELD UNITED CHARITIES** ## CHARITY INFORMATION Governors: Mr J Offord Parish Council Mr B Mavely Parish Council Reverend Claire Robertson Church Dr Christopher Burgoyne University of Cambridge Mrs M Golder` Co-opted Mr David Downes Co-Opted Mr B Sewell Co-Opted Fund Trustees: Poor Fund: Mr J Offord Reverend Claire Robertson University of Cambridge Church Fund: The Reverend Claire Robertson Education Fund: Governors as listed above. Alice and James Wibsey Fund: Governors as listed above. Office: Clerk: Mr M Woodall 81 New Road, Haslingfield Cambridge CB23 1LP Independent Examiners: D J Rowe FCMA CGMA 16 Wytherlies Drive, Bristol B16 1HX Fund Managers: Brown Shipley Richmond House 16-20 Regent Street Cambridge CB2 1DB 1 ## **Annual Report to Charity Commissioners: 2022** The Governors of the Haslingfield United Charities have continued to perform their statutory function of acting as Trustees of the Education Fund (Reg. No.311371) and Managers of the funds for the Church Charity, (Reg. No.265934) the Poor’s Charity (Reg.No. 265935). The two very small Charities, Barber’s Charity (Reg.No.311388) and the Clock Lands Charity are also administered by the Governors of the parent Charity. All of the income of the Education Fund derives from the rental of the school house and investment income, which together with the greater part of the school premises and site, is owned by the Charity. For some years the Trustees have maintained a reserve fund to meet specific needs within the school which cannot be met from LEA funding. Needs vary from year to year. Each year the Trustees also present each child who is leaving the school with a copy of the Pocket Oxford Dictionary containing a specially designed and individually inscribed bookplate. In addition, the Trustees invite applications each year from young people in the village for grants to meet part of the expenses incurred in educational projects and associated activities, costs associated with attending for interview for courses of further education and for those seeking apprenticeships and other forms of industrial training. The young people are required to submit a brief account of his or her reasons for their application. Small grants are also offered for young persons under 18 who engage in educational and character-building activities e.g. Duke 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 and industrial training courses. In 1999 the executors of the late Mr James Wisbey, a former resident of the village, requested that the Governors of the United Charities should manage a bequest of £25,000 from Mr Wisbey’s will. Mr Wisbey wished this sum to be used to set up the ‘Alice and James Wisbey Fund’ for the benefit of the village school. In view of Mr Wisbey’s profession as a builder, his executors asked that the proceeds from the fund be used for improvements to the structure and fittings of the school buildings and its grounds rather than for educational materials. The bequest was placed in the hands of the Charities financial advisers Brown Shipley, to be managed in a similar way to the assets of The Education Fund. The income for the Church Charity derives entirely from its capital investments and in the terms of the bequest is dedicated to the upkeep of the “Church tower and the steeple thereof” and only if this need is satisfied, for other purposes in the Church. Part of the income and growth of the fund have already been used, the balance remaining invested until the next stage of work. The Poor’s Fund, has very seldom met the original intention of relieving real poverty but it has been used to support vulnerable members of the community during the COVID pandemic when the need has arisen in the village. The Trustees of Haslingfield United Charities (HUC) were approached by the Trustees of the Haslingfield Community Warden Scheme (HCWS) in March 2022 as they wished to discuss the closure of the HCWS and the potential transfer of their residual assets to the Haslingfield United Charities. Representatives of the two charities met during 2022 culminating in the Trustees of the HCWS deciding to transfer their residual assets to HUC with a view to those funds being combined with the Poor’s Fund to create a Haslingfield 2 Community Fund. The HCWS funds were transferred to the HUC account at the end of December 2022 and will reside there until the 19[th] Century governing document for the Poor’s fund has been reviewed and, with the Charity Commission’s approval, revised to create the new Haslingfield Community Fund. 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 full Governors of the Parent Charity. The Clerk to the Governors of the United Charities also acts as Clerk in matters concerning the subsidiary charities, for example in convening the annual meeting of the Trustees of the Poor’s Charity. The income of the Barber’s Charity is negligible. The original bequest which provided for a cash prize from the income from the invested capital for proficiency in recitation of the Catechism has long been inapplicable to current times. As the Trustees of the HCWS have closed their Charity and transferred the funds to HUC the HUC Trustees have decided not to continue with the 2021 proposal to merge the Barber Charity and the Poor’s Charity. The HUC Trustees have reviewed that proposal and decided that the funds transferred from the HCWS should be merged with the existing Poor’s Fund to create one new Charity to serve vulnerable members of the Community. The Charity Commission are to be approached with a view to closing the anachronistic Barber’s Fund and to transfer any residual funds in that Charity into the Education Fund. The Clock Lands Charity owns about 1 acre of meadowland in the village that offers no income or fund raising capability. Chairman APPROVED BY THE TRUSTEES ON Chairman of the Governors 2022 3 ## **Haslingfield United Charities** ## **Church Fund** ## **Receipts and Payments Account** ## **Year ended December 31 2022** |**Receipts**
**Investment income**
**Interest on Brown Shipley cash account**
**Payments**
**Church tower maintenance**
**Fund managers fees**
**Administrative**
**( email set up costs )**
**Accountancy**
**Deficit for the year ( pre Investment transactions )**
**Sales of investments**
**Purchase of investments**
**Deficit for the year**
**Income balance at 1 January 2022**
**Income balance at 31 December 2022**|**£**
**2,434**
**70**| |---|---| ||**2,504**| ||**20,195**
**685**
**13**
**0**| ||**20,893**| ||**-18,389**
**32,049**
**15,590**| ||**-1,930**
**3,060**| ||**1,130**| **yr ended 31.12.21 £** **2,175 0 2,175** **0 819 0 597 1,416** **759 9,254 17,306 -7,293 10,353 3,060** ## **Haslingfield United Charities** ## **Education Fund** ## **Receipts and Payments Account Year ended December 31 2022** ## **£** |**Receipts**
**Rental income - school house**
**Investment income**
**Interest on Brown Shipley cash account**
**Payments**
**Haslingfield school grants**
**Haslingfield pre - school**
**Haslingfield music makers**
**Student grant**
**School house & garden**
**Management agents charges**
**Repairs and maintenance**
**Grass cutting and gardens maintenance**
**Insurance**
**Topographical survey**
**Architects fees**
**Fund managers fees**
**LEI paid by Brown Shipley**
**Wiring of funds**
**Administrative**
**( email set up costs )**
**Accountancy**
**Surplus for the year ( pre Investment transactions )**
**Sales of investments**
**Purchase of investments**
**(Deficit)/ Surplus for the year**
**Income balance at 1 January 2022**
**Income balance at 31 December 2022**|**15,216**
**932**
**170**| |---|---| ||**16,318**| ||**5,935**
**282**
**298**
**25**
**1,826**
**1,144**
**590**
**1,038**
**0**
**1,042**
**410**
**156**
**25**
**13**
**0**| ||**12,784**| ||**3,534**
**12,175**
**19,823**| ||**-4,114**
**22,296**| ||**18,182**| ## **yr ended 31.12.21 £** **14,778 539 0 15,317** **0 0 0 0** **1,773 689 1,035 977 660 0 415 0 0 0 447 5,996 9,321 4,131 3,768 9,684 12,612 22,296** ## **Haslingfield United Charities** ## **Wisbey Fund** ## **Receipts and Payments Account** **Year ended December 31 2022** |**Receipts**
**Investment income**
**Interest on Brown Shipley cash account**
**Payments**
**School house**
**Mains water supply**
**New boiler**
**Builders works**
**Fund managers fees**
**(Deficit)/ Surplus for the year ( pre Investment transactions )**
**Sales of investments**
**Purchase of investments**
**Deficit / Surplus for the year**
**Income balance at 1 January 2022**
**Income balance at 31 December 2022**|**£**
**1,043**
**122**| |---|---| ||**1,165**| ||**2,005**
**6,551**
**1,585**
**291**| ||**10,432**| ||**-9,267**
**5,320**
**3,988**| ||**-7,935**
**18,808**| ||**10,873**| **yr ended 31.12.21 £** **833 0 833** **0 0 0 308 308** **525 4,483 1,056 3,952 14,856 18,808** ## **Haslingfield United Charities** ## **Barber fund, Clock Holt, Poor. Other** ## **Receipts and Payments Accounts** ## **Year ended December 31 2022** |**Receipts**
**Interest on Brown Shipley cash account**
**East West Rail - survey fees**
**Monies from Haslingfield Warden Scheme**
**Payments**
**Grant - Haslingfield Colts**
**Surplus / ( Deficit ) for the year**
**Income balance at 1 January 2022**
**Income balance at 31 December 2022**|**Barber**
**£**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**105**
**105**|**Clock**
**£**
**0**
**1,000**
**0**
**1,000**
**0**
**0**
**1,000**
**1,450**
**2,450**|**Poor**
**£**
**2**
**0**
**0**
**2**
**515**
**515**
**-513**
**1,969**
**1,456**|**Other**
**£**
**0**
**0**
**72,316**| |---|---|---|---|---| |||||**72,316**| |||||**0**| |||||**0**| |||||**72,316**
**0**| |||||**72,316**| |**Yr ended**|**31.12.2021**|||| |---|---|---|---|---| |**Barber**|**Clock**||**Poor**|| |**£**|**£**||**£**|| ||**0**|**0**||**0**| ||**0**|**1,243**||**0**| ||**0**|**1,243**||**0**| ||**0**|**0**||**0**| ||**0**|**1,243**||**0**| ||**105**|**207**||**1,969**| ||**105**|**1,450**||**1,969**| **Haslingfield United Charities Balance Sheet Consolidated As at December 31 2022** ## **Investments ( see attached )** ## **Current Assets Cash at bank - Santander Cash with investment manager** ## **Total Assets** |**Represented by Funds**
**Church**
**Education**
**Wisbey**
**Barber**
**Clock Holt**
**Poor**
**Other**|**Capital**
**Income**
**101,572**
**1,130**
**51,690**
**18,182**
**36,357**
**10,873**
**0**
**105**
**0**
**2,450**
**0**
**1,456**
**0**
**72,316**| |---|---| ||**189,619**
**106,512**| |**Dec-31**
**2022**
**£**
**189,619**
**2,487**
**104,025**|**December**
**2021**
**£**
**231,090**
**168**
**47,520**| |---|---| |**106,512**|**47,688**| |**296,131**
**Total**
**102,702**
**69,872**
**47,230**
**105**
**2,450**
**1,456**
**72,316**|**278,778**| ||**Total**
**137,748**
**76,532**
**60,974**
**105**
**1,450**
**1,969**
**0**| |**296,131**|**278,778**| **Haslingfield United Charities** ## **Notes to the financial statements 2022** ## **Investments** ## **Investments at market value** **1,000 M & G Charifund Units 1,000 Aberforth Smaller Co's Trust 11,400 MLC Global Strategy ( prev Smith & Williamson ) 13,224.56 Baillie Gifford Corp Bond Fund ( part sold 30.11.22 ) 14,921.55 Trojan Investment Fund 2,700 Alliance Trust 2,000 Law Debenture Corp 9,300 AVI Global Trust ( 5:1 in 2022 ) 896.539 JP Morgan US 2,478.776 Blackrock European ABS 4500 Federated Hermes High Yield 265.072 BMO Global Equity Fund 375 I Shares MSCI 10 SPDR S & P 500 7,000 Global Smaller Companies 108 Amundi EM Green bond fund 600 Colchester GBL Global bond fund 1,110 I Shares JPM 654 I Shares USD 164 Brown Advisory US sustainable growth fund 300 UBS MSCI USA social A 0.22 Esssental Portfolio Selection Quintet Earth 14,750 BMO Global Smaller Companies 2,475 Monks Investment Trust 518 Blackrock Asian** |**2022**
**£**
**14,695**
**13,140**
**11,526**
**9,656**
**18,489**
**25,596**
**15,420**
**17,558**
**4,076**
**4,176**
**4,091**
**3,499**
**1,727**
**3,179**
**10,024**
**4,152**
**5,005**
**3,959**
**2,954**
**3,534**
**4,029**
**9,134**
**189,619**|**2021**
**£**
**15,562**
**14,660**
**13,989**
**17,374**
**19,211**
**27,864**
**15,980**
**20,125**
**3,846**
**4,294**
**4,752**
**3,973**
**2,209**
**3,520**
**0**
**0**
**0**
**0**
**0**
**0**
**0**
**25,606**
**34,007**
**4,118**| |---|---| ||**231,090**| Rotate (Ctrl+ R) (HARITY COMMISSION ! Independent examiner's report on the FOR ENGIAND ANO WAiES accounts Section A Ind•ptndeni Ex•mtner's Report R•port to th• I￿%1• [H￿b￿d Unrted Charfijs On •cc¢)unt• for th• y￿r .' 31* Decemter 2022 Ch•rlty no Ilf any) 2¢)4670 S•t oth on PAg•s , 6 atta¢J￿d I repjrt to Intst•¥s On my eX￿)InabL￿ oflhe accwnts ol the ab)¥e chanty Ilh• Trust") for the year ended 3111212022. R￿pOnSIbIlItIe# And As tm charrty's irustees. you are responsible for Ihtr pr¢p•ralion ol the accounts in aCc￿d￿r￿ vffjth the reqwrement$ of the chant￿ Act 2011 rthÈ Act'i. I r•p)rt in r•sF*d ol my examin•ts'on of Ihe Trust's accounts carr￿1 under soctiw 145 of the 2011 Act and in carryiro rny examiTratw. I ha¥e folhjwed all the C*reclions gwen by Chanty Cormltssi und8r É•(IK>n 14515Kbl ol th? Act Indep•nd•nl I h8v• ccth ￿tte￿ my ex8mmatMJn I corffirm thal no moterTral matters have ox•mlntre• st•tsmèni come to my att9nt￿n in ¢onnecti¢)n ￿￿th the examK)4tion whKh gNes me au5* to tel￿¥* that In, any malerial respect of the Charrties Act". or t￿ accounts ditj not accord wlh Ihe accgurttiThJ rècords. ¢ acMunl3 did not ctfft￿Y wrth the ap￿iCab￿ requi￿rnents concemiThJ Ihe forni arnl content of accounts sèi out in thè Charit￿$ (Account¥ and Reytsl Regulations 2008 other than any requiremertl that the accounts gNe a Irue and fair, view wh¢h Is not a matter cwwdered a$ part of an Ir￿per￿n1 8x￿lnal￿n. I hpve no wi¢ems and hav• comé auoss no crther matters in C￿￿C￿on ilh the examination to which atlenljon should te dra¥vn In this report in order to enable a proF¢r understaf%ling ol the accounts to be reached. ' Please d8lele thg th¥ bra¢kels rfthey ￿ Tr)t ap￿Y 151023 Slgmd: N*m•: DavKJ J Rowe Relevant profe￿10￿*1 qu•l￿¢￿tIOn{lI or body (Trf any): FCW CG AddrMs.' 16 Onv•. kntol 8S16 IHX IER O¢t 2018