## ||||Page|Page| |---|---|---|---|---| |Reference and Admiaistrative|Details|||| |Report ofthe Trustees||2|to|4| |Report ofthe Independent
Auditors||5|to|8| |Statement ofFinancial Activities||||| |Statement ofFinancial Position|||10|| |Statement ofCash Flows||||| |Notes to the Statement ofCash|Flows||12|| |Notes to the Financial Statements||13|to|21| |Detailed Statement ofFinancial|Activities|22|to|23| ## |TRUSTEES|Mr KSDonaldson|Mr KSDonaldson||| |---|---|---|---|---| ||Mr GBendon Chairman|||| ||Mr IM Steel|||| ||Mrs JBlackburn|(resigned 31/12/2020)||| ||Mr MFoster|||| ||Mr CGalbraith|||| ||Mrs SM Parsons|||| ||Mrs SPhillips|||| ||Mrs A Wing|||| ||Cllr A Patmore|||| ||Cllr JBacon|||| ||Dr PLock|||| ||Mr JBilsby|||| ||Mrs JCubison (appointed 22/3/2021)|||| ||Rev P Hunt (appointed||22/3/2021)|| |PRINCIPAL ADDRESS|Old Hastings
House|||| ||132High Street|||| ||Hastings|||| ||East Sussex|||| ||TN34 3ET|||| |REGISTERED CHARITY|211415|||| |NUMBER||||| |AUDITORS|Acuity Professional|Partnership||LLP| ||Unit 2.02|||| ||High Weald House|||| ||Glovers End|||| ||Bexhill|||| ||East Sussex|||| ||TN39 5ES|||| |TRUSTEESEMERITUS|A Slack|||| ||GRDKellie|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2021|2020| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|8|8| |INCOME AND ENDOWMENTS FROM|||| |Donations
and legacies||1444|| |Investment
income||514&190|476,987| |Total||515,434|476,987| |EXPENDITURE ON|||| |Charitable
activities|||| |Grants in Aid
Pensioner's
Christmas
Bonus
HAEC-Outreach
worker
Governance
Costs
Support Costs
Pensions||159,462
5,790
29,463
2,640
33,712
66,690|122,126
6,330
56,250
2,640
27&273
70,410| |Investment
property cost||87,543|85,365| |Total||385,300|370,394| |Net gains/(losses)
on investments||1,695,127|(245,433)| |NET INCOME/(EXPENDITURE)||1&825,261|(138,840)| |RECONCILIATION
OF FUNDS|||| |Total funds brought forward||13,856,898|13,995,738| |TOTAL FUNDS CARRIED FORWARD||15,682,159|13,856,898| ## ||||2021|2020| |---|---|---|---|---| ||||Total|Total| ||||funds|fuads| |||Notes||| |FIXEDASSETS||||| |Investments||||| |Investments|||9792081|8096954| |Investment
property|||5,609,500|5,609,500| ||||15,401,581|13,706,454| |CURRENT ASSETS||||| |Debtors: amounts
Cash at bank|falling due within one year|10|13,787
280&192|56,514
102,018| ||||293,979|158,532| |CREDITORS||||| |Amounts
falling due within one year|||(13,401)|(8,088)| |NET CURRENT ASSETS|||280,578|150,444| |TOTAL ASSETS|LESSCURRENT|||| |LIABILITIES|||15,682,159|13,856,898| |NET ASSETS|||15&682&159|13 856 898| |FUNDS||12||| |Unrestricted
funds:||||| |General
fund|||15,682,159|13,856,898| |TOTAL FUNDS|||15,682,159|13,856,898| ## ||||2021|2020| |---|---|---|---|---| |||Notes||| |Cash flows from operatiag activities||||| |Cash generated kore operations|||(100,925)|(209,044)| |Net cash used in operating
activities|||(100&925)|(209,044)| |Cash flows from investing
activities||||| |Purchase ofInvestment
property
Dividends
received|||279,099|(90,000)
272,549| |Net cash provided
by investing
activities|||279,099|182,549| |Change in cash and cash equivaleats|in the|||| |reporting
period
Cash and cash equivalents
at the beginning|||178&174|(26,495)| |ofthe reporting
period|||102,018|128,513| |Cash and cash equivaleats
at the end|ofthe|||| |reporting
period|||280,192|102,018| ## ## ## |RECONCILIATION
OF
ACTIVITIES|NET INCOME/(EXPENDITURE)
TO NET CASH|FLOW FROM|OPERATING| |---|---|---|---| |||2021|2020| ||||f.| |Net income/(expenditnre)
ofFinancial Activities)
Adjustments
for:|for the reporting period (as per the Statement|1,825461|(138,840)| |(Gain)/losses
on investmcnts
Dividends
received
Decrease/(increase)
in debtors
Increase/(decrease)
in creditors||(1,695,127)
(279,099)
42,'727
5,313|245,433
(272,549)
(30,459)
(12,629)| |Net cash used in operatioas||(100%925)|(209,044)| |ANALYSIS OFCHANGES IN NET FUNDS|||| ||At 1.4.20|Cash flow|At31.3.21| |Net cash||5|5| |Cash at bank|102,018|178,174|280,192| ||102,018|178,174|280,192| |Total|102,018|178,174|280,192| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|DONATIONS
AND LEGACIES||| |---|---|---|---| |||2021|2020| ||||6| ||Donations|1444|| |3.|INVESTMENT INCOME||| |||2021|2020| ||Rents received
Dividends|235,091
279,099|204,438
272,549| |||514,190|476,987| ## |||||||Support|| |---|---|---|---|---|---|---|---| ||||||Direct|casts (see|| ||||||Costs|note 5)|Totals| |Grants in Aid
Pensioner's
Christmas
Bonus
HARC-Outreach
worker
Governance
Costs
Support Costs
Pensions|||||159,462
5,790
29,463
8,511
66,690|2,640
25,201|0
159,462
5,790
29,463
2,640
33,712
66,690| ||||||269,916|27,841|297,757| |SUPPORT|COSTS||||||| ||||||Other||| ||||||support|Governance|| |||||Finance|COStS|casts|Totals| |Governance
Costs
Support Costs||||718|24,483|2,640|2,640
25401| |||||718|24,483|2,640|27,841| ## ## ## ## |COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACT|IVITIES| |---|---| ||Unrestricted| ||fund| |INCOME AND ENDOWMENTS FROM|| |Investment
income|476,987| |EXPENDITURE ON|| |Charitable
activities|| |Grants
in Aid|122,126| |Pensioner's
Christmas
Bonus|6,330| |HAEC-Outreach
worker|56,250| |Governance
Costs|2,640| |Support Costs|27:273| |Pensions|70,410| |Invesnnent
property cost|85,365| |Total|370,394| |Net gains/(losses)
on investments|(245,433)| |NET INCOME/(EXPENDITURE)|(138,840)| |RECONCILIATION
OFFUNDS|| |Total funds brought forward|13,995,738| |TOTAL FUNDS CARRIED FORWARD|13,856,898| ## ## ||||||Listed| |---|---|---|---|---|---| ||||||investments| ||Market value||||| ||At 1April 2020||||8,096,954| ||Revaluations||||1,695,127| ||At 31March 2021||||9,792,081| ||Net book value||||| ||At 31March 2021||||9,792,081| ||At 31March 2020||||8,096,954| ||There were no investment||assets outside the UK.||| ||Cost or valuation|at 31March 2021 is represented||by:|| ||||||Listed| ||||||investments| ||Valuation
in 2021||||1,695,127| ||Cost||||8,096,954| ||||||9,792,081| |9.|INVESTMENT|PROPERTY|||| ||Fair value||||| ||At 1April 2020||||| ||and 31March 2021||||5,609,500| ||Net book value||||| ||At 31March 2021||||5,609400| ||At 31March 2020||||5,609,500| ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||5|| ||Trade debtors|||||1,836|| ||Other debtors|||||7,873|52,436| ||Rent arrears|||||4,078|4,078| |||||||13,787|56,514| |11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE||||YEAR||| |||||||2021|2020| ||Other creditors|||||1,000|1,000| ||Unpaid grants|||||9,761|4,449| ||Accruals and|deferred income||||2,640|2,639| |||||||13,401|8,088| |12.|MOVEMENT||IN FUNDS||||| |||||||Net|| |||||||movement|At| ||||||At 1.4.20|in funds|31.3.21| ||Unrestricted|funds|||||| ||General fund||||13,856,898|1,825,261|15,682,159| ||TOTALFUNDS||||13,856,898|1,825,261|15,682,159| ||Net movement||in funds, included|in the above are as follows:|||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |||||g|||| ||Unrestricted|funds|||||| ||General
fund|||515,434|(385,300)|1,695,127|1,825,261| ||TOTAL FUNDS|||515,434|(385,300)|1,695,127|1,825,261| ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At1.4.19|in funds|31.3.20| |Unrestricted|funds|||| |General fund||13,995,738|(138,840)|13,856,898| |TOTAL FUNDS||13,995,738|(138,840)|13,856,898| ||||Incomiag|Resources|Gains and|Movem eat| |---|---|---|---|---|---|---| ||||resources|expended|losses|in funds| |||||8|f,|| |Unrestricted||funds||||| |General|fund||476,987|(370,394)|(245,433)|(138,840)| |TOTAL|FUNDS||476,987|(370,394)|(245,433)|(138,840)| |||||Net|| |---|---|---|---|---|---| |||||movement|At| ||||At 1.4.19|in funds|31.3.21| |Unrestricted||funds|||| |General|fund||13,995,738|1,686,421|15,682,159| |TOTAL|FUNDS||13,995,738|1,686,421|15,682,159| ## |||Incoming|Resources|Gains aad|Movement| |---|---|---|---|---|---| |||resources|expended|losses|in funds| ||||5||| |Unrestricted|funds||||| |General fund||992,421|(755,694)|1,449,694|1,686,421| |TOTAL FUNDS||992,421|(755,694)|1,449,694|1,686,421| ## ## ## |GAINS /(L|OSSES) ON INVKSTMKNTS||| |---|---|---|---| |||2021|2020| ||||5| |Unrealised|||| |Revaluation|on fixed asset investments|(1,695,127)|245,433| |COIF income share|||| |Total (Loss/(Gain)||~1695127|~245 433| ## ## ## |||||2021|2020f| |---|---|---|---|---|---| |INCOME AND||ENDOWMENTS|||| |Doaations and legacies|||||| |Donations||||1444|| |Investment
income|||||| |Rents received||||235,091|204,438| |Dividends||||279,099|272,549| |||||514,190|476,987| |Total incoming|resources|||515,434|476,987| |EXPENDITURE|||||| |Charitable
activities|||||| |HARC - Outreach||worker contribution||29,463|56,250| |Pensioner's
bonus||||5,790|6,330| |Pensions||||66,690|70,410| |Grants to institutions||||126,382|85,597| |Grants to individuals||||41,591|36,529| |||||269,916|255,116| |Investment
property|||cost||| |Utilities|||||13,158| |Insurance||||7,782|4,093| |Expenditure
on properties||||9,993|2,234| |Rent collection||||26,397|23,266| |Property repairs||||38,550|42,380| |Legal fees||||4,821|234| |||||87,543|85,365| |Support costs|||||| |Finance|||||| |Bank charges||||718|601| |Other support|costs||||| |Sundries||||551|3,300| |Carried forward||||551|3,300| ## |||2021|2020| |---|---|---|---| |||K|8| |Other support costs
Brought forward
M&L contribution
to OHH office
M&L contribution
to OHH payroll||551
8,294
15,638|3,300
8,100
15,272| |||24,483|26,672| |Governance
costs
Audit fees||2,640|2,640| |Total resources expended||385400|370,394| |Ni||130,134|106,593|