| Page | |||
|---|---|---|---|
| Report ofthe Trustees | I | lo | 4 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes tothe Financial Statements | 8 | lo | t6 |
| Oetaited Statement ofFinancial Activities | tf | to | t8 |
| maximising | overall returns based on an | approximate asset allocat |
|---|---|---|
| Rancte | ||
| Fixed Interest | 15-25% | |
| UK Equibes | 25-35% | |
| Overseas Equities | 30i40% | |
| Commercial | Property | 0-10% |
| Aiternative | Assets | 5-15% |
| Cash | 0-5% |
| The Harry Bottom | Charitable | Trust | ||||||
|---|---|---|---|---|---|---|---|---|
| Statement ofFinancial Activities | ||||||||
| forthe Year | Ended | oJune 2022 | ||||||
| 2022 | 2021 | |||||||
| Unrestricted | Endov;ment | Total | Total | |||||
| furlds | fui)d | funds | funds | |||||
| Notes | f | f | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Investment Property Income |
17g.428 | 179.428 | 148,216 | |||||
| Investment income |
Sg,82g | 6g,82g | 95,564 | |||||
| Total | 249257 | 24g.257 | 243,780 | |||||
| EXPENDITURE ON | ||||||||
| Raising funds | 136.106 | 24.979 | 161,085 | 93.478 | ||||
| Charitable activities |
||||||||
| Religious Grants | 33500 | 33.500 | 39.000 | |||||
| Medical | 15.235 | 15235 | 79.349 | |||||
| Educational/Sundry | 76.701 | 76.701 | 49.073 | |||||
| Other | 61,642 | 61.642 | 51.020 | |||||
| Total | 323.184 | 24.979 | 348.163 | 311,g20 | ||||
| Net gains/(losses) | on investments | (311.357) | (311.357) | 646.755 | ||||
| NET INCOME/(EXPENDITURE) | (73,927) | (336.336) | (4)0263) | 578.615 | ||||
| RECONCIUATION | OF FUNDS | |||||||
| Total funds brought forward | 1 | 007,734 | 6439,196 | 7,446,g30 | 6.868.315 | |||
| TOTAL FUNDS CARRIED FORWARD | 933.807 | 6.102.860 | 7,036,667 | 7446.930 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | f | 5 | E | ||
| FIXEDASSETS | |||||
| Investments | |||||
| Investments | 10 | 947249 | 3,700.020 | 4.647.Z69 | 4.g41.6gO |
| Investment property |
11 | 2.402.840 | 2.402.840 | 2,402.840 | |
| 947249 | 6.102,860 | 7.050,10g | 7.344.530 | ||
| CURRENT ASSETS Debtors |
12 | ui zo8 | 14208 | 66.386 | |
| Cash at bank | 6g.763 | 69,763 | 147.246 | ||
| 83.971 | 83,971 | 213.632 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
(67.4(3) | (67413) | (61.232) | ||
| NET CURRENT ASSETS | 16.558 | 16.558 | 152,400 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 963.807 | 6.)o2.860 | 7.o66.667 | 7.4g6,g30 | |
| CREDITORS Amounts falling due after more than one year |
14 | (3o.ooo) | (30.000) | (50.000) | |
| NETASSETS | 933.807 | 6.102.860 | 7.036.667 | 7.446.930 | |
| FUNDS | |||||
| Unrestricted funds |
933,807 | 1.007.734 | |||
| Endowmenl funds |
6.)oz.86o | 6,439.196 | |||
| TOTALFUNDS | 7.036.667 | 7.446.g30 |
| forthe Year Ended 0J |
une 2022 |
|||
|---|---|---|---|---|
| INVESTMENT PROPERTY | INCOME | |||
| 2022 | 2021 | |||
| E | E | |||
| Doncaster property | 16.g84I | 16.g84 | ||
| Worskop property | 125.033 | 10g.835 | ||
| Sheffield properly | 36.504 | 20.490 | ||
| Other ground rents 5wayleave | g07 | g07 | ||
| 179428 | 148.216 | |||
| 3. | INVESTMENT INCOME | |||
| 2022 | 2021 | |||
| E | ||||
| Interest 8 dividends | 6g,825 | 60.399 | ||
| Shares m group undertakings | 35154 | |||
| Deposit account interest | 11 | |||
| 6g,829 | 95564 | |||
| RAISING FUNDS | ||||
| Investment management |
costs | |||
| 2022 | 2021 | |||
| E | E | |||
| Portfoiio management | 24,976 | 23.174 | ||
| Investment property expenses |
1.681 | 351 | ||
| Worksop property expenses | 118.662 | 61.810 | ||
| London road flats | 15.446 | /.823 | ||
| Other ground rents | 320 | 320 | ||
| 161.085 | 93.478 | |||
| 5. | CHARITABLE ACTIVITIES | COSTS | ||
| Grant | ||||
| funding of | ||||
| activities | ||||
| E | ||||
| Reiigious Granls | 33500 | |||
| Medical | 15.235 | |||
| Educational/Sundry | 76.701 | |||
| 125.436 |
forthe Year |
Ended oJune a |
oaa | ||||
|---|---|---|---|---|---|---|
| SUPPORT | COSTS | |||||
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| E | E | E | ||||
| Other resources expended | 35.440 | 78 | 26.124 | 61.642 | ||
| TRUSTEES' REMUNERATION | AND BENEFITS | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Trustees' | salaries | 4.580 | 4.408 | |||
| Trustees' | social security | 204 | ||||
| 4.58o | 4.612 |
| Theareragethl | number | ofemployees | dunng | the year was as | follows. | ||
|---|---|---|---|---|---|---|---|
| mony | 2022 | 2021 | |||||
| NIL | NIL | ||||||
| The only staff costs | paid in the | year were to | trustees. | ||||
| COMPARATIVES FORTHE STATEMENT OF | FINANCIAL ACTIVITIES | ||||||
| Unrestricted | Endowment | Total | |||||
| funds | fund | funds | |||||
| f. | |||||||
| INCOME AND ENDOWMENTS Investment Properly Income |
FROM | 148,216 | 148.216 | ||||
| Investment income |
95.564 | 95,564 | |||||
| Total | 243.780 | 24&3.780 | |||||
| EXPENDITURE ON Raising funds |
70.303 | 23.175 | 93478 | ||||
| Charitable activities Religious Grants Medical Educational/Sunciry |
39.000 79.349 49073 |
3g,000 79.349 49 073 |
|||||
| Other | 51.020 | 51.020 | |||||
| Total | 288.745 | 23175 | 311.g20 | ||||
| Net gains on investments | 646,755 | 645.755 | |||||
| NET INCOME/(EXPENDITURE& | i44,965& | 623.580 | 578.615 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 1.052.6gg | 5.815616 | 6.868,315 |
| Notes to the Financial Statements -continued forthe Year Ended oJune zozz |
Notes to the Financial Statements -continued forthe Year Ended oJune zozz |
|||
|---|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued | ||||
| Unrestricted | Endowment | Total. | ||
| i'Uncls | tund | funds | ||
| f | 5 | 5 | ||
| TOTAL FUNDS CARRIED FORWARD | 1.007,734 | 6.439.196 | 7446.930 | |
| so. | FIXEDASSETINVESTMENTS | |||
| Shares in | Cash and | |||
| group | seltlements | |||
| undertakings | pending | Totals | ||
| f | E | E | ||
| MARKETVALUE | ||||
| At 1July 2021 Addikons |
1453.896 | 3.487.794 275,693 |
4,g41.6go 275,693 |
|
| Disposais | (2534go) | (253.4go) | ||
| Impairments | (485) | (316.139) | (316.6z4) | |
| At 3oJune 2022 | 1,453.411 | 3.193.858 | 4.647.269 | |
| NET BOOKVALUE | ||||
| At 30June 2022 | 1.453411 | 3,193,858 | 4.647.269 | |
| At3OJune202) | 1453.8g6 | 3.487.794 | 4,941.690 |
| Ccst or v | alua | lion al.3oJune 2022 isreprese |
nted by |
||
|---|---|---|---|---|---|
| Shares in | Cash and | ||||
| group | settlements | ||||
| undeilakings | pendin(J | Tolals | |||
| E | 5 | E | |||
| Valuation | in | 2021 | 124.535 | 559.444 | 683,979 |
| Valuation Cost |
in | 2022 | (485) 1.329,361 |
(zg3.g36) 2.g28.350 |
(294421) 4257,711 |
| 1453.411 | 3.193858 | 4.64726g |
forthe YearEnded oJun |
e2022 |
|---|---|
| INVESTMENTPROPERTY | |
| FAIR VALUE | |
| At 1July 2021 and 3oJune 2022 |
2,402.840 |
| NET BOOKVALUE | |
| At 30June 2022 | 2.402.840 |
| At 30June 2021 | 2402840 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | E | |||
| Other debtors | 55.462 | |||
| Rental Debtors | 13.768 | 8.803 | ||
| Prepayments | and accrued income | 440 | 2.121 | |
| 14.208 | 66.386 | |||
| 13. | CREDITORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | |||
| r. | E | |||
| Bank ioans and overdrafts (seenote 15) Grants payable |
8.644 58769 |
61.232 | ||
| 67.413 | 61.232 | |||
| 14. | CREDITORS: | AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
||
| 2022 | 2021 | |||
| E | E | |||
| Grants payable | 30,000 | 50.000 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Amounls falling due within one year on demand |
||||||
| Bank overdrafla | 8.644 | |||||
| MOVEMENT | IN FUNDS | |||||
| Nel | ||||||
| movement | At | |||||
| Al 1.721 | in funds | 3o6zz | ||||
| E | E | |||||
| Unrestdicted | funds | |||||
| Unrestricted | Income Fund | L007.734 | (73.927) | 933807 | ||
| Endowment | funds | |||||
| Endowment | Fund | 6.439.196 | (336.336) | 6,1oz.86o | ||
| TOTAL FUNDS | 7.446.930 | (410.Z63) | 7.036.667 | |||
| Nel movement in Funds. included |
in lhe above are as follows | |||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| E | E | f | E | |||
| Unrestricted | funds | |||||
| Unrestricted | Income Fund | 24g 257 | (3z3.184) | (73.g27) | ||
| Endowment | funds | |||||
| Endowment | Fund | (24,079) | (311.357) | (336.336) | ||
| TOTALFUNDS | 249 257 | (348.163) | (311.357I | (mo.z63) | ||
| Comparatives forrnovernent |
in | funds | ||||
| Net | ||||||
| movement | At | |||||
| Al 1.7.20 | in funds | 306.zr | ||||
| f | E | E | ||||
| Unrestricted | funds | |||||
| Unrestricted | Income Fun(i | 1.052.69g | (44.g65) | 1007734 | ||
| Endowment | funds | |||||
| Endowmenl | Fund | 5815.616 | 623.580 | 643g.lg6 | ||
| TOTAL FUNDS | 6.868,3(5 | 578,615 | 7446.930 |
| Comparative | net movement in funds, in |
cluded in the above ar |
e as fol | iows | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| f | E | 5 | ||||
| Unrestricted | funds | |||||
| Unrestricted | Income Fund | 243.780 | (288.745) | (44.965) | ||
| Endowment | funds | |||||
| EndowmentFund | (23.175) | 646.755 | 623.58o | |||
| TOTAL FUNDS | 243.780 | (311.g20) | 646.755 | 578.615 | ||
| A current year tZ months and prior year | 12 months combined | position | is as follovrs: | |||
| Net | ||||||
| movement | At | |||||
| AI.1720 | in funds | 3o622 | ||||
| 2 | 2 | |||||
| Unrestricted | funds | |||||
| Unrestricted | Income Fund | 1.052.69g | (UB.Bg2) | 933.807 | ||
| Endowment | funds | |||||
| Endowment | Fund | 5.815,616 | 287.244) | 6.102860 | ||
| TOTALFUN | DS | 6.868,315 | 168,352 | 7.036.667 |
| A current. ye as follows |
ar 12mo | nths and prior yea |
r 12 monlhs combined ne |
t movement in f |
unds. included i |
n the above a |
|---|---|---|---|---|---|---|
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
|||
| r | f | E | 2 | |||
| Unrestricted | funds | |||||
| Unreslricted | Income | Fund | 493.037 | (611.g29) | (118,892) | |
| Endowment | funds | |||||
| Endowment | Fund | (48.154) | 335.308 | 287.244 | ||
| TOTALFUNDS | 493037 | (660.O83) | 335,3gB | 168352 |
| Charitable | Commitments | Accrued | ||
|---|---|---|---|---|
| Grant commitments recognised |
at start ofyear | E102.500 | ||
| New grant commitments charged to SOFA in year (seenote 5) |
E125.436 | |||
| Grants paid during the year |
(E)47,936) | |||
| Amount ofgrant commitments | recognised as at 30th June 2022 | EBo.ooo |
| primarily to provide an in |
vestment return |
for the charity | ||
|---|---|---|---|---|
| Subsidiary Undertaking |
Class ofshare | Proportion held | ||
| Harry Bottom (Holdings) | Ltd | 75/ Cum Pref Shares of Eteach | 100% | |
| 16-18Station Road | Ordinary | shares of Sopeach | 100% | |
| Chape(town | Ordinary shares ofH each | 100% | ||
| Sheffield | ||||
| S352XH | ||||
| Year-end | Year-end | |||
| 3O/OS/22 | 30/06/21 | |||
| Turnover | 32.300 | 30.511 | ||
| Administrative expenses |
14.66g | (35.188) | ||
| Gain/(loss) on revaluation | (100.007) | 136.770 | ||
| Gain on dispo al | 86222 | 9933 | ||
| ProFit (Loss) For finical year | 33.184 | 142.026 | ||
| Assets | 1,457958 | 'L493745 | ||
| Liabikties | (30420) | (gg.391) | ||
| Capital &Reserves |
1427,538 | L394.354 |
| The Har Bottom Charita |
ble Trust | ||||
|---|---|---|---|---|---|
| Detailed Statement of | FinancialActivities | ||||
| forthe Year Ended | olune2022 | ||||
| 2022 | 2021 | ||||
| 5 | 8 | ||||
| INCOME AND ENDOWMENTS | |||||
| Investment Property Income Doncaster property Worskop property Sheffield property Other ground rents &vrayleave |
16.g84 125.033 36.504 907 |
16.984 109.835 20490 907 |
|||
| 179.428 | 148,216 | ||||
| Investment income |
|||||
| Interest 8 dividends | 6g.825 | 60,399 | |||
| Shares in group undertakings Deposit account interest |
35.154 11 |
||||
| 6g.82g | 95564 | ||||
| Totai incoming resources | Z49.257 | 243.780 | |||
| EXPENDITURE | |||||
| Investment management |
costs | ||||
| Portfoiio management Investment property expenses Worksop property expenses London road flats |
24.976 1.681 118.662 15.446 |
23,174 351 61,810 7,823 |
|||
| Other ground rents |
320 | 320 | |||
| 161,085 | 03478 | ||||
| Charitable activities |
|||||
| Grants to institutions | 1254I36 | 167.422 | |||
| Supportcosts | |||||
| Management | |||||
| Charily admin fees | 35.440 | 31.152 | |||
| Finance | |||||
| Bank charges | |||||
| Governance costs | |||||
| Trustees' salaries | 4580 | 4.408 | |||
| Trustees' social security Independent examiner Insurance |
2.400 8.737 |
204 2.400 4.790 |
|||
| Accountancy and legal |
fees | 10407 | 8.054 | ||
| 26.124 | 19,856 | ||||
| Total resources expended | 348,163 | 311.920 | |||
| Net expenditure before |
gains and | losses | (g8.g06) | &68440I |
| The Har Bottom Ch |
aritable Trust | ||||
|---|---|---|---|---|---|
| Detailed Statement of | Financial Activities | ||||
| forthe Year Ended | oJune aoaa | ||||
| 2022 | 2021 | ||||
| f | E | ||||
| Realised recognised | gains and losses | ||||
| Realised gains/ilosses) | on fixed asset | ||||
| investments | f3)).357) | 646,755 | |||
| Net iexpenditure)/income | f410,263) | 578.615 |