Charity Re8istration No. 208898 UNAUDITED RECEIPTS AND PAYMENT5 ACCOUNT OF HILGAY UNITED CHARITIES ALSO KNOWN AS HILGAY FEOFFEE CHARITY YEAR ENDED 31 DECEMBER 2023
HILGAY UNITED CHAIIITIES TRUSTEES REPORT FOR THE YEAR ENDED ai OECEMBER 2023 The Trustee5 are pleased to present their report tO8ether with the finanaal statements of the tharily for the year ended 31 December 2023. The account5 have been prepared in accordance with the accounting polieies set out in note I to the accounts and comply with the charity's governing document. the Charities Act 2011 and "Accounting and Reporting by Charities-. Staternent of Recommended Practice applicable to charitSes preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las arnended for accounting periods commencing from l January 20161. Referen¢e and Administrative Details Charity name.. Hilgay United Charities INon-Ecclesiastical Branthl Charity number.. 208898 Operational address.. Windru5h Church Road Ten Mile Bank Downham Market Norfolk PE38 OEJ Independent eKaminers'. Mapus-smith & Lemmon LLP 23 London Road Downham Market Norfolk PE38 9BJ Trustees The Trusiees serving during the year and stnce the year end were as follows.. Colin Wills (Chairman) Michael Starling Ivice-chairmanl David Barrington Peter Bates Graham Carter Briall Charlesworth Lesley Dent John Evans Charlie Kisby Peter Mesher Rev Nigel Moat (Appointed 20231 The Senior official to whom the day to day management of the charity is delegated by the charity Trustees is Anthony Hall.
Structyre, G¢)vernan¢e and Management Governing Document The charity 1$ governed by its Constitution dated 4th July 1913. It was registered a5 3 charity with the Charity Cornmission on 21st January 1963. Appolntment of new Trustees All members are invited to nominate Trustees, together with nominations from the rnanagernent team and the existing Trustees. Those nominated and appointed are elected at the first AGM followin8 appointment. One Trustee was appointed in 2023. Charivs maln obje¢tlves The Charity's main objectives are as follows.. l. To provide apprenticeship and Further Education grants to the younger generation To provide assistance to the elderly with Winter Fuel The Maintenance and upkeep of two village h311s The maintenance of all charity land arnd property in good order The provision of grants to two village schools to purchase additional items such as books, computers and play equipment 6. The provision of 8rants for projects ol beneflt to the local community Charirfs main artivitie5 The main activity undertaken to generate income to fulfil the objectives is that of land rent. Main aehievements of the Charity durln8 the year The charity has had five main achievements in the year. Ten Mile Bank Village Hall received a major refurbishment and the Charity has ensured the continued dav to day running and maintenance of the village halls for the community. £15,050 ha5 been paid out to elderly residents to assist them with their winter fuel costs. An increase of £5.400 over 2022. The provision of £5,669 of educational grant5 to two villa8e schools for the purchase of items lo enhante the children's education chosen by the teaching staff. An increase of £500 over 2022. The award of Apprenticeship Grants totalin8 £130. No Community Grants were applied for. Review of the financial position of the charlty and reserves pollcy Financially the organisation remains healthy. and we continue to meet our objectives. The 8oard of Trustees have agreed a Reserves policy in line with the organisation objectives and this gives the charity at least two yearf5 running Costs should funding be seriously compromised in the future or major buildings repair expenditure be required. The present level of reserve5 held 15 £62,502. of which £41.080 15 held in a savings account to provide additional income in the form of interest. Investment selertion The inve5tment5 are managed by cc who specialise in Charity and religious or8anisation investments. The funds are invested into a specifie Chaty Ollicial Investment Fund ICOIFI and are restricted to receipt of income generated. The trustees, report was approved by the Board of TrSteeS Date...............................................-... C Wills Ichalrmanl
HILGAY UNITED CHARITIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HILGAY UNITED CHARITIES For The Year Ended 3111 December 2023 I rèport to thé trustees on my examination tsf the financial statements of the Hilgay United Charities Ithe Charityl for the yeèr ended 31 December 2023. Responslbllbtles and basls of report As the trustees of the Charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 Ithe 20L Actl. Having satisfied myself that the financial statemenis of the Charlty are not required to be audited under Part 16 of the 2006 Act and are eli8ible for independent examination, I report in respect of my examination of the Charity's rinancial statements carried out under Section 145 of the Charities Act 2011 Ithe 2011 Act). In carrying out mv examination I have followed all the applicable Directions given by the Chanty Commission under Section 14515llb of the 2011 Act. Independent examinerfs 5taternent I have completed my examination. I confirm that no rnatters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect.. 111 accounting records were not kept in respect of the Charity as required by Section 386 of the 2006 Act., or 121 the financSal statements do not accord wlth those records.. or 131 the financial statements do not comply with the accounting requirements of Section 396 of the 2006 Act other thall any requirement that the account5 give a true and fair view which is not a matter con5ideTed as part of an independent examination,. or 141 the fin3ncial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prattice for accounting and reporting by Charities applicable to Charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable the UK and Republic of Ireland IFRS 1021. I have no concerns and have come acr055 no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Date.. Paul Farrow FCA FCCA MAAT For ènd on behalf of Mapus.5mlth & Lemmon LLP Chartered Accountants and Registered Auditors 23 London Road Downham Market Norfolk PE38 9BJ
HILGAY UNITED CHARITIES RECEIPTS AND PAYMENTS ACCOUNT for the Year Ended 31 Oecember 2023 2023 2022 RECEIPTS: Land rent and rnoorings Investments 26,016.73 8,748.88 3,491.70 27,916.73 8,030.97 2.473.25 Government grènts 38.257.31 38,420.95 TOTAL INCOME 38.257.31 38,420.95 PAYMENTS: 19.183.75 4,269.17 6,205.61 1,557.45 3,627.42 4,239.10 4,458.60 941.41 Insurance Administration expenses Maintenance Other payments: Education grant Apprenticeships Fuel donations Comrnunity grants 5.669.68 130.97 15.050.00 5,169.62 990.00 9,650 52,066.63 29.076.16 SurplusllDeficitl for the year 113.809.321 9.344.79 Surplus brought fonward 76.311.46 66.966.67 Surplus carried forward 62,502.14 76,311.46
HILGAY UNITED CHARITIES STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2023 Total 2023 Totsl 2022 MONETARY ASSETS Bank currernt accounts 8ank deposit accounts CCLA Investments 21,421.50 41,080.65 289,833.84 36,022.32 40,289.14 265.068.34 TOTAL BANK AND CASH 352,335.99 341,379.80 RESERVE5 Gener31 fund- Surplus General fund- Investments 62,502.15 289.833.84 76,311.46 265.068.34 352,335.99 341.379.80 Approved and si8ned on behalf of the Charity C Wlll$ (Chairman)
HILGAY UNITED CHARITIES NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2023 Accounting policiès Charlty information Hilgay United Charities INon-Ecclesiastical Branch) is a charlty registered with the Charity Commission in England. The operational address is Windrush. Church Road, Ten Mile Bank, Downham Market. Norfolk PE38 OEI. Accounting convention The accounts have been prepared in accordance with the Iharity's governing document, the Charitie5 Act 2011 and -Accountin8 and Reportin8 by Charitie5'. staternet of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- las amended for accounting periods commencing from I january 20161. The charity is a Public Benefit Entity as defined by FR5 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update 8ulletin I not to prepare a Statement of Cash Flows. The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice lor charities applying FRS 102 rather than the version of the sratement of Recommended Practice which is referred to In the RegLblations but which has Since been withdrawn. The accounts are prepared in sterling. which is the functional ojrrency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The account5 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. Goin¥ concern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existenee for the loreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparin8 the accounts. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of thelr chariiable objectives unless the funds have been desl8rnated for other purposes. Incomlng resources Incorne is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured rellably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity ha5 been notified of the donation, unless performance tondition5 require delerral of the amount. Income tax recoverable in relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are reco8nised on receipt or otherwise if the ehaTity has been notrfied of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy Is tated as a contingent asset. Turnover is measured at the fair value ol the consideration received or receivable and represents amounts receivable for good5 and service5 provided tn the normal course of business, net of discounts. VAT and other sale5 related taxes.
Re50urce5 expended Expenditure is recognised when a liability is incurred. Contractual arran8ements and performance related grants are recognised as goods or services are supplied. Other grant payrnent5 are recognised when a constructive obligation arises that result in the payment bein8 unavoidable. Costs of generatlng funds are those costs Inturred in trading activities that raise funds. Charitable activilies are those cost5 incurred bylhe charity in meetin8 its charitsble objectives. Governance costs include those incurred in the govemance of the charity and its assets and are primarilv asstsciated with the constitutional and statutory requirements.