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|||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||||||
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||||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|
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||||||||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|
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|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|
##
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|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|
##
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|||2021|2020|
|---|---|---|---|
|Unrealised||||
|Revaluation|on fixed asset investments|(866,650)|(1,695,127)|
|OIF income|share|||
|Total (Loss/(Gain)||~866650|~1695127}|
##
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||||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|
##
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||2022|2021|
|---|---|---|
|Total resources expended|594i888|385,300|
|Net (expenditure)/income|(76,973)|130,134|