| Page | |||
|---|---|---|---|
| Reference aad Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement ofFinancial Activities | |||
| Statement ofFinancial Position | |||
| Statement ofCash Flows | 10 | ||
| Notes to the Statement ofCash Flows | |||
| Notes to the Financial Statements | 12 to | 19 | |
| Detailed Statement ofFinancial Activities | 20 | to | 21 |
| TRUSTEES | Mr KSDonaldson | Mr KSDonaldson | ||||
|---|---|---|---|---|---|---|
| Mr GBendon | ||||||
| MrIM Steel | ||||||
| Mr MFoster | ||||||
| Mr C Galbraith | Chairman | |||||
| Mtx SMParsons (resigned | 1/1/2022) | |||||
| Mrs SPhillips | ||||||
| Mrs A Wing | ||||||
| Cllr APatmore | (resigned | 1/1/2022) | ||||
| Cllr JBacon | ||||||
| DrPLock | ||||||
| Mr JBilsby | ||||||
| Mrs JCubison | ||||||
| Rev P Hunt | ||||||
| Mr MBoles (appointed | 13/1/2022) | |||||
| PRINCIPAL ADDRESS | Old Hastings House | |||||
| 132High Street | ||||||
| Hastings | ||||||
| East Sussex | ||||||
| TN34 3ET | ||||||
| REGISTERED CHARITY | 211415 | |||||
| NUMBER | ||||||
| AUDITORS | Acuity Professional Unit 2.02 |
Partnership | LLP | |||
| High Weald House | ||||||
| Gtovers End | ||||||
| Bexhill | ||||||
| East Sussex | ||||||
| TN39 5ES | ||||||
| TRUSTEES EMERITUS | A Slack | |||||
| GRDKellie |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| Notes | fund | fundsf | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
1,244 | |||
| Investment income |
517,915 | 514,190 | ||
| Total | 517,915 | 515,434 | ||
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Grants in Aid | 359,951 | 159,462 | ||
| Pensioner's Christmas |
Bonus | 5,520 | 5,790 | |
| HAEC-Outreach worker |
54,183 | 29,463 | ||
| Governance Costs |
2,664 | 2,640 | ||
| Support Costs | 29,711 | 33,712 | ||
| Pensions | 63440 | 66,690 | ||
| Investment properly cost |
79,519 | 87,543 | ||
| Total | 594,888 | 385,300 | ||
| Net gains on investments | 867,442 | 1,695,127 | ||
| NET INCOME | 790,469 | 1,825,261 | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 15,682,159 | 13,856,898 | |
| TOTAL FUNDS CARRIED FORWARD | 16,472,628 | 15,682,159 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Total | Total | |||
| funds | funds | |||
| Notes | 8 | |||
| FIXEDASSETS | ||||
| Investments | ||||
| Investments | 10,659,523 | 9,792,081 | ||
| Investment property |
5,609,500 | 5,609,500 | ||
| 16,269,023 | 15,401,581 | |||
| CURRENT ASSETS | ||||
| Debtors: amounts | falling due within one year | 10 | 16411 | 13,787 |
| Cash at bank | 198,159 | 280,192 | ||
| 214470 | 293,979 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
(10,765) | (13,401) | ||
| NET CURRENT | ASSETS | 203,605 | 280,578 | |
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 16,472,628 | 15,682,159 | ||
| NET ASSETS | 16,472,628 | 15,682,159 | ||
| FUNDS | 12 | |||
| Unrestricted funds: |
||||
| General fund | 16,472,628 | 15,682,159 | ||
| TOTAL FUNDS | 16,472,628 | 15,682,159 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated fiom operations | (369459) | (100,925) | ||||
| Net cash used in operating | activities | (369459) | (100,925) | |||
| Cash flows from investing | activities | |||||
| Dividends received |
287426 | 279,099 | ||||
| Net cash provided by investing | activities | 287,226 | 279,099 | |||
| Change in cash and cash equivalents | in | |||||
| the reporting period |
(82,033) | 178,174 | ||||
| Cash and cash equivalents | at | the | ||||
| beginning ofthe reporting | period | 280,192 | 102,018 | |||
| Cash and cash equivalents | at | the end | of | |||
| the reporting period |
198,159 | 280,192 |
| RECONCILIATION | RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OFNET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 790,469 | 1,825,261 | |||
| Adjustments for: |
|||||
| Gain on investments | (8675442) | (1,695,127) | |||
| Dividends received |
(287326) | (279,099) | |||
| (Increase)/decrease | in | debtors | (2,424) | 42,727 | |
| (Decrease)/increase | in | creditors | (2,636) | 5,313 | |
| Net cash used in operations | (3699259) | (100,925) | |||
| ANALYSIS OFCHANGES IN NET FUNDS | |||||
| At 1.421 | Cash flow | At 31.3.22 | |||
| 8 | |||||
| Net cash | |||||
| Cash at bank | 280,192 | (82,033) | 198,159 | ||
| 280,192 | (82,033) | 198,159 | |||
| Total | 280,192 | (82,033) | 198,159 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Rents received | 230,689 | 235,091 | ||||||
| Dividends | 287,226 | 279,099 | ||||||
| 517,915 | 514,190 | |||||||
| 4. | CHARITABLE | A~S COSTS | ||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs | note 5) | Totals | ||||||
| 5 | ||||||||
| Grants in Aid | 359st51 | 359rt51 | ||||||
| Pensioner's | Christmas | Bonus | 5420 | 5,520 | ||||
| HARC-Outreach | worker | 54,183 | 54,183 | |||||
| Governance | Costs | 2,664 | 2,664 | |||||
| Support Costs | 29,711 | 29,711 | ||||||
| Pensions | 63440 | 63440 | ||||||
| 4829994 | 32@75 | 515r369 | ||||||
| 5. | SUPPORT | COSTS | ||||||
| Other | ||||||||
| support | Governance | |||||||
| Finance | costs | costs | Totals | |||||
| Governance | Costs | 2,664 | 2,664 | |||||
| Support Costs | 667 | 29,044 | 29,711 | |||||
| 667 | 29,044 | 2,664 | 32475 |
| 7. | COMPARATIVES FOR THE STATEMENT OFFINANCIALAC~S | COMPARATIVES FOR THE STATEMENT OFFINANCIALAC~S | |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| 8 | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
1,244 | ||
| Investment income |
514,190 | ||
| Total | 515,434 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Grants in Aid | 159,462 | ||
| Pensioner's Chrishnas |
Bonus | 5,790 | |
| HARC-Outreach worker |
29,463 | ||
| Governance Costs |
2,640 | ||
| Support Costs | 33,712 | ||
| Pensions | 66,690 | ||
| Investment property cost |
87,543 | ||
| Total | 385,300 | ||
| Net gains on investments | 1,695,127 | ||
| NET INCOME | 1,825,261 | ||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought forward | 13,856,898 | ||
| TOTAL FUNDS CARRIED FORWARD | 15,682,159 | ||
| 8. | FIXEDASSETINVESTMENTS | ||
| Listed | |||
| investments | |||
| 8 | |||
| Market value | |||
| At 1 April 2021 | 9,792,081 | ||
| Revaluations | 867,442 | ||
| At 31March 2022 | 10,659,523 | ||
| Net book value | |||
| At 31March 2022 | 10,659423 | ||
| At31March 2021 | 9,792,081 |
| Listed | ||
|---|---|---|
| investments | ||
| Valuation | in 2021 | 9,792,081 |
| Valuation | in 2022 | 8678442 |
| 10,659423 | ||
| INVESTMENT PROPERTY | ||
| Fair value | ||
| At 1April | 2021 | |
| and 31March 2022 | 5,609,500 | |
| Net book | value | |
| At 31March 2022 | 5,609,500 | |
| At 31March 2021 | 5,609,500 |
| DEBTORS:AMOUNTS FALLING DUE WIT | HIN ONE YEAR | |
|---|---|---|
| 2022 | 2021 | |
| Trade debtors | 1,836 | |
| Other debtors | 12,133 | 7,873 |
| Rent arrears | 4,078 | 4,078 |
| 16411 | 13,787 |
| CREDITOR | S: AMOUNTS FALLING DUK | WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Other creditors | 1,000 | 1,000 | ||
| Unpaid grants | 7,125 | 9,761 | ||
| Accruals and | deferred income | 2,640 | 2,640 | |
| 10,765 | 13,401 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| f. | ||||
| Unrestricted | funds | |||
| General fund | 15,682,159 | 790,469 | 16rt72,628 | |
| TOTAL FUNDS | 15,682,159 | 790,469 | 16,472,628 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources 8 |
expended f |
losses 5 |
in funds 5 |
|||
| Unrestricted | funds | |||||
| General fund | 517,915 | (594,888) | 867,442 | 790,469 | ||
| TOTAL FUNDS | 517,915 | (594,888) | 867,442 | 790,469 | ||
| Comps ratives for movement | in funds | |||||
| Net | ||||||
| movement | At | |||||
| At 1.420 | in funds | 31.3.21 | ||||
| 8 | ||||||
| Unrestricted | funds | |||||
| General fund | 13,856,898 | 1,825,261 | 15,682,159 | |||
| TOTAL FUNDS | 13,856,898 | 1,825,261 | 15,682,159 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| 8 | f. | ||||
| 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 | |||
| At 1.4.20 | in funds | 31.322 | ||
| 8 | ||||
| Unrestricted | funds | |||
| General fund | 13,856,898 | 2,615,730 | 16,472,628 | |
| TOTAL FUNDS | 13,856,898 | 2,615,730 | 16,472,628 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 1,033,349 | (980,188) | 2,562,569 | 2,615,730 | |
| TOTAL FUNDS | 1,033,349 | (980,188) | 2,562,569 | 2,615,730 |
| 2021 | 2020 | ||
|---|---|---|---|
| Unrealised | |||
| Revaluation | on fixed asset investments | (866,650) | (1,695,127) |
| OIF income | share | ||
| Total (Loss/(Gain) | ~866650 | ~1695127} |
| 2022 | 2021 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and | legacies | |||
| Donations | 1,244 | |||
| Investment income |
||||
| Rents received | 230,6$9 | 235,091 | ||
| Dividends | 287,226 | 279,099 | ||
| 517'15 | 514,190 | |||
| Total incoming | resources | 517,915 | 515,434 | |
| EXPENDITURE | ||||
| Charitable activities |
||||
| HARC - Outreach worker contribution | 54,183 | 29,463 | ||
| Pensioner's bonus |
5,520 | 5,790 | ||
| Pensions | 63440 | 66,690 | ||
| Grants to institutions | 359,951 | 126,382 | ||
| Grants to individuals | 41,591 | |||
| 4$2,994 | 269,916 | |||
| Investment property |
cost | |||
| Insurance | 11,761 | 7,782 | ||
| Expenditure on |
propernes | 846 | 9,993 | |
| Rent collection | 29417 | 26,397 | ||
| Property repairs | 35475 | 38,550 | ||
| Legal fees | 2,120 | 4,821 | ||
| 79,519 | 87,543 | |||
| Support costs | ||||
| Finance | ||||
| Bank charges | 667 | 718 | ||
| Other support costs | ||||
| Sundries | 4,709 | 551 | ||
| MAL contribution | to OHH office | 8,353 | 8,294 | |
| MdrL contribution | to OHH payroll | 15tt82 | 15,638 | |
| 29,044 | 24,483 | |||
| Governance | costs | |||
| Audit fees | 2,664 | 2,640 |
| 2022 | 2021 | |
|---|---|---|
| Total resources expended | 594i888 | 385,300 |
| Net (expenditure)/income | (76,973) | 130,134 |