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|||||Page||
|---|---|---|---|---|---|
|Reference and Administrative||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|20|
|Detailed Statement of|Financial|Activities|21|to|22|
##
|TRUSTEES|Mr K SDonaldson|Mr K SDonaldson|Mr K SDonaldson||||
|---|---|---|---|---|---|---|
||Mr GBendon||||||
||Mr IM Steel||||||
||Mr M Foster||||||
||Mr C Galbraith||Chairman||||
||Mrs SPhillips||||||
||Mrs A Wing||||||
||Cllr JBacon||||||
||DrP Lock||||||
||Mr JBilsby||||||
||Mrs JCubison||(resigned||30/4/2023)||
||Rev P Hunt (resigned 27/10/2022)||||||
||Mr MBoles||||||
||Cllr PPragnell||(appointed||21/4/2022)||
||Rev M Phipps|(appointed|||11/9/2023)||
|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 SES||||||
|TRUSTEES EMERITUS|A Slack||||||
||GRDKellie||||||
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||||2023|2022|
|---|---|---|---|---|
||||Unrestricted|Total|
||||fund|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Investment
income|||528,922|517,915|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Grants in Aid|||657,168|359,951|
|Pensioner's
Christmas|Bonus||5,940|5,520|
|HARC-Outreach
worker|||57,295|54,183|
|Governance
Costs|||2,952|2,664|
|Support Costs|||33,414|29,711|
|Pensions|||72 si80|63,340|
|Invesunent
property cost|||107,691|79,519|
|Total|||937,040|594,888|
|Net gains/(losses)
on investments|||(393,7'77)|867,442|
|NET INCOME/(EXPENDITURE)|||(801,895)|790,469|
|RECONCILIATION|OFFUNDS||||
|Total funds brought
forward|||16,472,628|15,682,159|
|TOTAL FUNDS CARRIED FORWARD|||15,670)733|16,472,628|
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||funds|funds|
|||||Notes|||
|FIXEDASSETS|||||||
|Investments|||||||
|Investments|||||9,839,278|10,659,523|
|Investment
property|||||5,609,500|5,609,500|
||||||15,448,778|16,269,023|
|CURRENT ASSETS|||||||
|Debtors: amounts|falling due within||one year|9|12,658|16,211|
|Cash at bank|||||216,560|19$,159|
||||||229,218|214,370|
|CREDITORS|||||||
|Amounts
falling due within||one year||10|(7,263)|(10,765)|
|NET CURRENT|ASSETS||||221,955|203,605|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||||15,670,733|16,472,628|
|NET ASSETS|||||15,670,733|16,472,628|
|FUNDS|||||||
|Unrestricted
funds:|||||||
|General fund|||||15,670,733|16,472,628|
|TOTAL FUNDS|||||15,670,733|16,472,628|
##
|||||Notes|2023
8|2022f|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Cash generated
I'rom operations|||||(700,430)|(369,259)|
|Net cash used in operating|activities||||(700,430)|(369,259)|
|Cash flows from investing|activities||||||
|Sale offixed asset investments|||||426,468||
|Dividends
received|||||292,363|287,226|
|Net cash provided
by investing||activities|||718,831|287,226|
|Change in cash and cash equivalents|||in||||
|the reporting
period|||||18,401|(82,033)|
|Cash and cash equivalents|at|the|||||
|beginning
ofthe reporting|period||||198,159|280,192|
|Cash and cash equivalents|at|the end|of||||
|the reporting
period|||||216,560|198,159|
|RECONCILIATION
OFNET (EXPENDITURE)/INCOME|RECONCILIATION
OFNET (EXPENDITURE)/INCOME|RECONCILIATION
OFNET (EXPENDITURE)/INCOME|TO NET CASH FLOW FROM||
|---|---|---|---|---|
|OPERATING ACTIVITIES|||||
||||2023|2022|
|Net (expenditure)/income|for the reporting|period (asper the|||
|Statement
ofFinancial Activities)|||(801,895)|790,469|
|Adjustments
for:|||||
|Losses/(gain)
on investments|||393,777|(867,442)|
|Dividends
received|||(292,363)|(287,226)|
|Decrease/(increase)
in debtors|||3,553|(2,424)|
|Decrease in creditors|||(3s502)|(2,636)|
|Net cash used in operations|||(700,430)|(369,259)|
##
|ANALYSIS OFCHANGES IN NKT|FUNDS|||
|---|---|---|---|
||At 1.4.22|Cash flow|At 31.3.23|
||f.|||
|Net cash||||
|Cash at bank|198,159|18,401|216,560|
||198,159|18,401|216,560|
|Total|198,159|18,401|216,560|
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||||||||2023f|2022|
|---|---|---|---|---|---|---|---|---|
||Rents received||||||236,559|230,689|
||Dividends||||||292,363|287,226|
||||||||528,922|517,915|
|3.|CHARITABLE||ACTIVITIES COSTS||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 4)|Totals|
|||||||6|||
||Grants
in Aid|||||657,168||657,168|
||Pensioner's|Christmas||Bonus||5,940||5,940|
||HARC-Outreach||worker|||57495||57,295|
||Governance|Costs|||||2,952|2,952|
||Support Costs||||||33,414|33,414|
||Pensions|||||72,580||72,580|
|||||||792,983|36,366|829449|
|4.|SUPPORT|COSTS|||||||
|||||||Other|||
|||||||support|Governance||
||||||Finance|costs|costs|Totals|
||||||8||||
||Governance|Costs|||||2,952|2,952|
||Support Costs||||613|32,801||33,414|
||||||613|32,801|2,952|36,366|
##
##
|5.|TRUSTEES' REMUNERATION|AND BENEFITS - continued|AND BENEFITS - continued||
|---|---|---|---|---|
||TRUSTEES' EXPENSES||||
||During the year no Trustee has been|reimbursed|for expenses totalling anil (2022 - gnil).||
|6.|COMPARATIVES FOR THE STATEMENT||OFFINANCIAL ACTIVITIES||
|||||Unrestricted|
|||||fund|
|||||8|
||INCOME AND ENDOWMENTS|FROM|||
||Investment
income|||517,915|
||EXPENDITURE ON||||
||Charitable
activities||||
||Grants in Aid|||359,951|
||Pensioner's
Christmas
Bonus|||5,520|
||HAEC-Outreach
worker|||54,183|
||Governance
Costs|||2,664|
||Support Costs|||29,711|
||Pensions|||63,340|
||Investment
property cost|||79,519|
||Total|||594,888|
||Net gains on investments|||867,442|
||NET INCOME|||790,469|
||RECONCILIATION
OF FUNDS||||
||Total funds brought forward|||15,682,159|
||TOTAL FUNDS CARRIED FORWARD|||16,472,628|
##
|7.|FIXEDASSETINVESTMENTS|FIXEDASSETINVESTMENTS|||
|---|---|---|---|---|
|||||Listed|
|||||investments|
||Market value||||
||At 1 April 2022|||10,659,523|
||Disposals|||(444,917)|
||Revaluations|||(375,328)|
||At 31March 2023|||9,839,278|
||Net book value||||
||At 31 March 2023|||9,839,278|
||At 31March 2022|||10,659,523|
||There were no investment|assets outside the UK.|||
||Cost or valuation
at 31March 2023 is represented||by:||
|||||Listed|
|||||investments|
||Valuation
in 2022|||10,214,606|
||Valuation
in 2023|||(375,328)|
|||||9,839,278|
||INVESTMENT PROPERTY||||
||Fair value||||
||At
1 April 2022||||
||and 31March 2023|||5,609,500|
||Net book value||||
||At 31 March 2023|||5,609,500|
||At 31March 2022|||5,609,500|
##
|9.|DEBTORS:|AMOUN|TS FALLING DUE W|ITHIN ONE YEAR|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Other debtors||||8,580|12,133|
||Rent arrears||||4,078|4,078|
||||||12,658|16,211|
|10.|CREDITORSt AMOUNTS FALLING DUK|||WITHIN ONE YEAR|||
||||||2023|2022|
||Other creditors||||1,000|1,000|
||Unpaid
grants||||3,467|7,123|
||Accruals and|deferred|income||2,796|2,640|
||||||7463|10,765|
|11.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
|||||At 1.4.22|in funds|31.3.23|
||||||5||
||Unrestricted|funds|||||
||General
fund|||16,472,628|(801,895)|15,670,'733|
||TOTAL FUNDS|||16,472,628|(801,895)|15,670,733|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||||5|
|Unrestricted||funds|||||
|General|fund||528,922|(937,040)|(393,777)|(801,895)|
|TOTAL|FUNDS||528,922|(937,040)|(393,777)|(801,895)|
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.4.21|in funds|31.3.22|
|||||8||
|Unrestricted||funds||||
|General|fund||15,682,159|790,469|16,472,628|
|TOTAL|FUNDS||15,682,159|790,469|16,472,628|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||8||||
|Unrestricted||funds|||||
|General|fund||517,915|(594,888)|867,442|790,469|
|TOTAL|FUNDS||517,915|(594,888)|867,442|790,469|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.4.21|in funds|31.3.23|
|Unrestricted||funds||||
|General|fund||15,682,159|(11,426)|15,670,733|
|TOTAL|FUNDS||15,682,159|(11,426)|15,670,733|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|||||8|||
|Unrestricted||funds|||||
|General|fund||1,046,837|(1,531,928)|473,665|(11,426)|
|TOTAL|FUNDS||1,046,837|(1,531,928)|473,665|(11,426)|
##
##
##
|||2023|2022|
|---|---|---|---|
|||8||
|Unrealised||||
|Revaluation|on fixed asset investments|(375,328)|(867,442)|
|Realised||||
|Loss on disposal offixed asset investments||(18,449)||
|Total (Loss/(Gain)||~393777|~867 442|
##
##
||||2023|2022|
|---|---|---|---|---|
|INCOME AND ENDOWMENTS|||||
|Investment
income|||||
|Rents received|||236,559|230,689|
|Dividends|||292463|287,226|
||||528,922|517,915|
|Total incoming
resources|||528,922|517,915|
|EXPENDITURE|||||
|Charitable
activities|||||
|HAEC - Outreach|worker contribution||57,295|54,183|
|Pensioner's
bonus|||5,940|5,520|
|Pensions|||72,580|63,340|
|Grants to institutions|||657,168|359,951|
||||792,983|482,994|
|Investment
property||cost|||
|Insurance|||3,673|11,761|
|Expenditure
on properties|||656|846|
|Rent collection|||30,889|29,517|
|Property repairs|||68486|35,275|
|Legal fees|||4,187|2,120|
||||107,691|79,519|
|Support costs|||||
|Finance|||||
|Bank charges|||613|667|
|Other support
costs|||||
|Sundries|||7,639|4,709|
|MdcL contribution|to|OHH office|5,032|8,353|
|MdtL contribution|to|OHH payroll|20,130|15,982|
||||32,801|29,044|
|Governance
costs|||||
|Audit fees|||2,952|2,664|
|Total resources expended|||937,040|594,888|
|Net expenditure
before gains and losses|||(4081118)|(76,973)|
##
|||2023|2022|
|---|---|---|---|
|Realised recognised|gains and losses|||
|Realised gains/(losses)|on fixed asset|||
|investments||(1$,449)||
|Net expenditure||(426,567)|(76,973)|