REGISTERED COMPANY NUMBER: 00470666 (England and Wales) REGISTERED CHARITY NUMBER: 211093
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
THE BEATRICE HANKEY FOUNDATION LIMITED
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
THE BEATRICE HANKEY FOUNDATION LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17
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THE BEATRICE HANKEY FOUNDATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report and accounts for the year ended 31 December 2021.
The accounts have been prepared in accordance with the accounting policies set out in note 1 of the accounts and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2015.)
OBJECTIVES AND ACTIVITIES
The objectives of the charity are as follows:
-
To work for the advancement of the Christian Religion throughout the world.
-
To promote any activity designed for the relief of the poor and needy and for help and comfort of the sick and aged throughout the world.
-
The advancement of any religious or other charitable object not inconsistent with the foregoing as the Trustees may think fit.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
When considering applications for grant assistance the Council bears in mind the need to ensure the activity benefitted falls within our principle activities and that each grant awarded is of public benefit.
During the year, although the Covid-19 pandemic affected us, we had one successful weekend length residential, which helped us to fulfil our task of furthering the work of the Knighthood and advancing the Christian religion, by training and enabling members in their role as Christian leaders and servants Numerous Zoom meetings were also undertaken.
The BHF underwrites the cost of these meetings, and members of the Knighthood contribute to the cost as they are able. As a result of their generosity, and the work of our investment advisors, we have been able to benefit others by making numerous grants to a wide range of charities and individuals, helping to advance the Christian religion and to relieve the poor and needy in this country and abroad.
The principal activities undertaken in pursuing the objectives include the following:
-
To continue the work of Beatrice and Eva Hankey in connection with the Fellowship known as "The Knighthood" and for "Blue Pilgrims" to work for the advancement of the Christian religion in co-operation with the Christian organisation at home and in the international field.
-
To train and send forth persons to act as Christian leaders, teachers and missionaries in deprived areas or where churches need the services of men and women of the Christian vocation.
Page 1
THE BEATRICE HANKEY FOUNDATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMENT AND PERFORMANCE
The Council is pleased to report that notwithstanding the ongoing limitations due to the Covid Pandemic, 2021 was a busy year with the Council successfully managing the financial business in a difficult and volatile financial market and thereby supporting the ongoing work of the Blue Pilgrims.
Whilst discharging its responsibility to administer the financial funds of the Knighthood the Council met both face to face and virtually on four separate occasions during 2021, including an open to all virtual AGM in September 2021.
| Date | Meeting | Chair |
|---|---|---|
| 23 January 2021 | Council meeting | Dr G Vallance |
| 12 February 2021 | Council meeting | Rev D Faulks |
| 25 September 2021 | AGM | Rev D Faulks |
| 13 November 2021 | Council meeting | Rev G Vye |
To avoid the need for voting at the virtual AGM the Trustees agreed to maintain the status quo and to co-opt Mrs T Halliday for a further year along with Rev R Sellers and Mr J Sellers. Mrs W Hill and Dr G Vallance were also willing to stand for a second term of office. Thanks were expressed to Mrs S Ormand who opted not to re-stand. There are currently 2 vacant positions on the Board of Trustees.
Full details on the grants along with the fellowship's costs and expenditure are set out in the Financial Accounts that accompany this written report, however in summary the grants agreed in 2021 are set out as follows.
| February 2021 | |
|---|---|
| Sisters in Assisi | £1,000 |
| Corrymeela | £2,000 |
| Restorative Practices Pilot Project in Bridgewater | £1,000 |
| The Community Hub - Hackney & Haringey | £200 |
| HART Humanitarian Aid Relief Trust | £500 |
| Prodigal Arts - rehabilitation through art creation and sales | £350 |
| Encounter Christianity - Bristol | £500 |
| Gift of Years - Rugby | £500 |
| Carer's Leader Fund | £500 |
| Purity Mugarie Youth | £750 |
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THE BEATRICE HANKEY FOUNDATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
| November 2021 | |
|---|---|
| Carer's Leader Fund | £500 |
| Africa Greater Life Mission UK (AGLMUK) | £1,000 |
| Hope in Action Peterborough | £2,500 |
| London Institute for Contemporary Christianity (LICC) | £750 |
| MEM Middle East Media - Jolita Paton | £2,000 |
| CWS | £500 |
| MAF Flying for Life | £500 |
| HART Humanitarian Aid Relief Trust | £1,000 |
| Proclamation Zambia | £500 |
| Living Hope Belfast | £1,000 |
| Kintsugi Hope | £500 |
| Sixty One | £1,500 |
| Gift of Years - Rugby | £1,000 |
| Sisters in Assisi | £1,000 |
| CheAfrica | £1,000 |
| The Matthieson Music Trust | £1,500 |
| Matthew Henderson | £750 |
| Total | £24,800 |
FINANCIAL REVIEW
Reserves policy
The Beatrice Hankey Foundation Limited exists to support the organisation known as the Blue Pilgrims and to make grants to individuals and other charitable organisations in accordance with the terms of its governing document.
Our investment policy states that we require medium risk investments and are looking for some growth in capital and an income of around £35,000 per annum. It is our policy to spend the greater part of this income, in line with the aims of our governing document, whilst ensuring that the bank accounts remain in credit at all times.
At 31 December 2021 the total funds held are £1,626,254. This includes £1,542,178 in an investment portfolio. There are no restricted funds and no tangible fixed assets of significant value.
The amount of reserves remaining after taking into account those held in tangible fixed assets and the investment portfolio equates to £83,569. The charity considers it necessary to hold this level of reserves to enable normal operating activities to continue over a period of up to twelve months. Total resources expended in the year to 31 December 2021 were £44,387 (2020: £43,981).
Page 3
THE BEATRICE HANKEY FOUNDATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
The trustees have established a policy whereby they aim to protect the capital to generate income in order to fulfil the charity's objectives.
The trustees intend that the real value of their assets and the income from them being maintained and enhanced over the long term by investment in a portfolio which may comprise equities, fixed income stocks and cash, in proportions to be varied a required from time to time.
For the purpose of the charity, the trustees wish to withdraw sums each year to meet their expenditure, such requirement being discussed with the stockbrokers as necessary. The Investment Manager will provide for withdrawals from incomes, although the trustees may undertake expenditure of capital from time to time.
In order to meet these objectives, the trustees use Redmayne Bentley as their agent to manage a diversified portfolio of suitable investments on a discretionary basis during the year. As advised by the trustees, Redmayne Bentley selected a balanced investment objective with medium risk. The proportions invested in equities, fixed income stocks and cash were reviewed with the Investment Managers from time to time to provide guidance on the ongoing suitability of that element of investment policy and the level of income to be achieved. Additionally, with due regard to diversification, the suitability of investments is taken to include the avoidance, to a reasonable degree, of investments in companies predominantly involved with alcohol, armaments and tobacco. After discussion at the company AGM, the trustees resolved that, having in mind the challenge of climate change and care for the environment, investment in companies predominantly involved with fossil fuels should be avoided as far as reasonably necessary. Redmayne Bentley was advised of this change.
The trustees actively review the risks which the charity faces on a regular basis and, combined with their annual review of the controls over key financial systems carried out, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a charitable company limited by guarantee and was incorporated on 9 July 1949 and registered as a charity on 17 October 1962. It is governed by a memorandum and articles of association which were amended on 6 September 2003.
The members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
00470666 (England and Wales)
Registered Charity number
211093
Registered office
11 Staverton Road Werrington Peterborough Cambridgeshire PE4 6LY
Page 4
THE BEATRICE HANKEY FOUNDATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
Mr D B Churchill Mrs M A Faulks Rev D W Faulks Mrs T Halliday Mrs S P Ormond Rev R Sellers Mr J Sellers Dr G D Vallance Mr C T P Wedell Mrs W Hill Mrs H Walker Mrs H Maunder Rev G A Vye
Company Secretary
Mrs M Churchill
Independent Examiner
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
Approved by order of the board of trustees on 22 September 2022 and signed on its behalf by:
Mrs H Walker - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BEATRICE HANKEY FOUNDATION LIMITED
Independent examiner's report to the trustees of The Beatrice Hankey Foundation Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our work, for this report, or for the opinions we have formed.
Mr P Bott FCA BSc (Hons) Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
30 September 2022
Page 6
THE BEATRICE HANKEY FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM Charitable activities Advancement of Christian religion Investment income 2 Total EXPENDITURE ON Charitable activities 4 Advancement of Christian religion Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 3,135 35,378 38,513 44,387 147,686 141,812 1,484,442 1,626,254 |
2020 Total funds £ 2,300 34,327 |
|---|---|---|
| 36,627 | ||
| 43,981 62,834 |
||
| 55,480 1,428,962 |
||
| 1,484,442 |
The notes form part of these financial statements
Page 7
THE BEATRICE HANKEY FOUNDATION LIMITED
BALANCE SHEET 31 DECEMBER 2021
| Notes FIXED ASSETS Tangible assets 11 Investments 12 CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 507 1,542,178 1,542,685 7,432 78,504 85,936 (2,367) 83,569 1,626,254 1,626,254 1,626,254 1,626,254 |
2020 Total funds £ 676 1,416,077 1,416,753 6,902 67,405 74,307 (6,618) 67,689 1,484,442 1,484,442 1,484,442 1,484,442 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
THE BEATRICE HANKEY FOUNDATION LIMITED
BALANCE SHEET - continued 31 DECEMBER 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 September 2022 and were signed on its behalf by:
Mrs H Walker - Trustee
Mrs M A Faulks - Trustee
The notes form part of these financial statements
Page 9
THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Voluntary income is received by way of donations and is included in full in the Statements of Financial Activities when receivable.
Investment income is accounted for in the period in which the charity is entitled to receipt.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance Computer equipment - 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Fixed Asset Investments
Investments held as fixed assets are re-valued at mid-market value at the balance sheet date and the gain or loss is taken to the Statement of Financial Activities.
2. INVESTMENT INCOME
| Income from listed investments Interest receivable |
2021 £ 35,224 154 35,378 |
2020 £ 34,290 37 |
|---|---|---|
| 34,327 |
continued...
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THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. INCOME FROM CHARITABLE ACTIVITIES
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Activity | £ | £ | ||||
| Assemblies, conferences and | ||||||
| meetings | Advancement of Christian religion | 3,135 | 2,300 | |||
| 4. | CHARITABLE ACTIVITIES COSTS | |||||
| Direct | Grant | Support | ||||
| Costs (see | funding of | costs (see | ||||
| note 5) | activities | note 6) | Totals | |||
| £ | £ | £ | £ | |||
| Advancement of Christian religion | 6,416 | 24,800 | 13,171 | 44,387 | ||
| 5. | DIRECT COSTS OF CHARITABLE ACTIVITIES | |||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Secretarial and treasurers | 1,092 | 1,593 | ||||
| Assemblies, conferences and meetings | 5,155 | 6,068 | ||||
| Depreciation | 169 | 226 | ||||
| 6,416 | 7,887 | |||||
| 6. | SUPPORT COSTS | |||||
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| £ | £ | £ | £ | |||
| Advancement of Christian religion | 10,751 | 41 | 2,379 | 13,171 | ||
| Support costs, included in the above, are as follows: | ||||||
| 2021 | 2020 | |||||
| Advancement | ||||||
| of | ||||||
| Christian | Total | |||||
| religion | activities | |||||
| £ | £ | |||||
| Travelling | - | 420 | ||||
| Investment management fees | 10,751 | 9,796 | ||||
| Bank charges | 41 | 49 | ||||
| Independent examiners remuneration | 2,379 | 2,293 | ||||
| 13,171 | 12,558 |
continued...
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THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 169 | 226 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
Expenses for travel and meetings amounting to £1,092 (2020: £1,593) was reimbursed trustees.
9. STAFF COSTS
There were no employees during the year.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 DECEMBER 2020
| INCOME AND ENDOWMENTS FROM Charitable activities Advancement of Christian religion Investment income Total EXPENDITURE ON Charitable activities Advancement of Christian religion Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 2,300 34,327 |
|---|---|
| 36,627 | |
| 43,981 62,834 |
|
| 55,480 1,428,962 |
|
| 1,484,442 |
continued...
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THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. TANGIBLE FIXED ASSETS
| Office Computer equipment equipment £ £ COST At 1 January 2021 and 31 December 2021 1,711 2,684 DEPRECIATION At 1 January 2021 1,259 2,460 Charge for year 113 56 At 31 December 2021 1,372 2,516 NET BOOK VALUE At 31 December 2021 339 168 At 31 December 2020 452 224 12. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2021 Additions Disposals Revaluations At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Totals £ 4,395 3,719 169 3,888 507 676 Listed investments £ 1,416,077 129,557 (150,130) 146,674 1,542,178 1,542,178 1,416,077 |
|---|---|
During the year, the charity had £185,763 (2020: £176,881) investments outside the UK.
There was 1 material investment held with a total of 10.23% of the investment portfolio (2020- 10.12%). Cost or valuation at 31 December 2021 is represented by:
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2021 | 1,542,178 |
continued...
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THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 15) Accruals and deferred income 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 16. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 1,484,442 TOTAL FUNDS 1,484,442 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 38,513 (44,387) TOTAL FUNDS 38,513 (44,387) |
2021 £ 1,568 5,864 7,432 2021 £ - 2,367 2,367 2021 £ - Net movement in funds £ 141,812 141,812 Gains and losses £ 147,686 147,686 |
2020 £ 1,692 5,210 6,902 2020 £ 4,319 2,299 6,618 2020 £ 4,319 At 31.12.21 £ 1,626,254 1,626,254 Movement in funds £ 141,812 141,812 |
|
|---|---|---|---|
Page 15
continued...
THE BEATRICE HANKEY FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 1,428,962 TOTAL FUNDS 1,428,962 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 36,627 (43,981) TOTAL FUNDS 36,627 (43,981) |
Net movement in funds £ 55,480 55,480 Gains and losses £ 62,834 62,834 |
At 31.12.20 £ 1,484,442 1,484,442 Movement in funds £ 55,480 55,480 |
|---|---|---|
17. RELATED PARTY DISCLOSURES
There were no disclosable related party transactions during the year (2020- none).
Page 16
THE BEATRICE HANKEY FOUNDATION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Income from listed investments | 35,224 | 34,290 |
| Interest receivable | 154 | 37 |
| 35,378 | 34,327 | |
| Charitable activities | ||
| Assemblies, conferences and meetings | 3,135 | 2,300 |
| Total incoming resources | 38,513 | 36,627 |
| EXPENDITURE | ||
| Charitable activities | ||
| Secretarial and treasurers expenses | 1,092 | 1,593 |
| Assemblies, conferences and meetings | 5,155 | 6,068 |
| Office equipment depreciation | 113 | 75 |
| Computer equipment depreciation | 56 | 151 |
| Grant funding of activities | 24,800 | 23,536 |
| 31,216 | 31,423 | |
| Support costs | ||
| Management | ||
| Travelling | - | 420 |
| Investment management fees | 10,751 | 9,796 |
| 10,751 | 10,216 | |
| Finance | ||
| Bank charges | 41 | 49 |
| Governance costs | ||
| Independent examiners remuneration | 2,379 | 2,293 |
| Total resources expended | 44,387 | 43,981 |
| Net expenditure before gains and losses | (5,874) | (7,354) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset investments | 147,686 | 62,834 |
| Net income | 141,812 | 55,480 |
This page does not form part of the statutory financial statements
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