THE ELEEMOSYNARY CHARITY OFWILLIAM HOBBAYNE REPORT & ACCOUNTS YEAR ENDED 30 SEPTEMBER 2023 Charity No.. 211547
THE ELEEMOSYNARYCHARITY OFWILLIAM HO8BAVNE FOR YEAR ENDED 30 SEPTEMBER 2023 CONTENTS PAGE Page Charlty Informatlon Trustees Annual Report Audltors Report Slalement of Flnanclal Activlties li Balance Sheet 12 Notes lo the Financial Statements
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE CHARITY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2023 Trustees The Reverend Andrew Dand IEx-Oflicio, Chair) Mr Robert Coomber Mr Mark Cosstick Mrs Wendy Fazey Ms Bridget Goodman Ms Deidre Higgin5 Mr Davld Muir Dr Nicholas Robin50n Mrs Allison Rockley Mr John Sawyer Mrs Angela Wallis Auditor Johnsons Chartered Accountants Ground Floor 1-2 Craven Road London W5 2UA Banker_s CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malllng Kent ME1941Q Investment Advlsers Walker Crips Stockbrokers Ltd. Old Change House. 128 Queen Victoria Street. London EC4V4BJ
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Reference and Admlnlstratlve Details of the Charlty, Its Trustees and Adv55ers The Eleemosynary Ch8Tity of William Hobbayne Icharity Number2115471 is 21so known as the Cliarity of William Hobbayne. The principal and administrative address of the charity is The William Hobbayne Centre. St. DunslJn's Road, London W7 2HB. The Trustees ol Ihe charity during the year ended 30 Sepiember 2023 were'.- The Reverend Andrew Dand IEx-Ollicio. Chairl Mr Robeil Coomber Mr Mark Cosslick Mrs Wendy Fazey Ms Bridget Goodman Ms Deidre Higgins Mr David Muir Dr Nicholas Robinson Mrs Allison Rockley Mr John Sawyer Mrs Angela Wallis The Ex-ollicio Trustee is the Rector of the Parish of St mar5, Hanwell. The other Trustees are all Co- Opted and ale appointed lor a period 014 years. They 3re eliwble for re-appointment. Struclvre. Governance and Management The charity is a Relief in Need Charity and was founded in 1484. It is governed by a Charity Commission Scheme dated 24 lune 1991 amended by a further scheme dated 17 November 1999 and resolutions dated 31 july 2006 and 14 Marcli 2012. The Trustees are a body corporate under a Certificate of Incoiporation dated 4 February 1994. The board ol trustees. when complete. consists ol.. One Ex-otticio Trustee who is the Rector ol the Parish of St. Mary's, Hanwell. No fewer than 10 and no more than 12 Co-opted Trustees who are appointed foi a term of 4 years by a resolution ol the Trustees pa55ed at a special meeting. The major risks to which the charity is exposed. as identified by the Trustees, are regularly reviewed and systems and procedures have been established lo manage those risks.
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Oblectlves and Activities After paying lor the cost of maintaining the propety of the Charity and expenses incidental to the administration and management of tlie Chanty, the Chaiily's objects are=. 3.1 To pay the following specific sums, or other amounts as the Charity Commissioners shallfrom time to lime approve. annually.. a. £7.5001o the Churchwardens and Deputy Churchwardens lor the time being of the district seNed bythe parish church ol St. Mary's Church, Hanwell lor rhe maintenance of the bells and bell ropes and subject thereto towards the repairof the parish church. b. A sum ol £25 to the rector ol St. Mary's Church. Hanwell lor preaching a sermon on the lile of William Hobbayne and the work of the Chaiity. c. A sum to the Trustees ol the Education Charity ol William Hobbayne for the purposes of that Charity to fund to Educational Institutions an amount as required but not less than £8,000. 3.2 To apply the income in relieving either generally or individually persons resident in the Civil parish ot Hanwell and are in conditions ol need, hardship or distress. 11 the incorne cannot be applied in that tnanner it may be applied in relieving, either generally or indivldually. persons resident in the London Borough ol Ealing who are in conditions ol need. hardship or distres5. If and so lar as tlie income cannot be applied in the manner aloresaid, the income may be applied lor such charitable purposes loi the general benelii of the inhabilanls ol the London Borough ol Ealing as the Trustees think fit. The assets ol the charity comprise a fund of investments, the property at 25 Golden Manor. Hanwell, the property 8t IB St Mark's Road. H8nwell. the properly known a5 The William Hobbayne Centre. St. Dunstaii's Road. Hanwell and three pieces ol land being the Billets Hart allotments (including severed land on the other side ol the River Brent on Filzherbert Walk and kiiown as Billets Hart Cop5el, Williai Hobbayne Community Gaidens, St Margarets Road W7 and land North West of Connolly Road. known as Hobbayne Hall Acre Fiel(J. Achlevement5and Performance Organlz3tlonaland Indlvldual Grants Our Community and Grantteam are continuingto arrange meeting5 Wlth local groups supportingthose in need. Tlieydiscuss grant applications in detail and explain ouradministrative process. They guide through and support application5 prior to Trustee approval lor individual and organisational grants. An important part of their role is to connect groups together who in turn can 5UPPOrt each other. Duringthe yearthe Charity provided indivirjual gran15 alter sponsorassessments lo the individu21s in need. hardship and distress,. an(J lo a variety ot organisations dnd groups. Communlty Support Our Outreach Worker and Volunteer Social Worker continue to actively work on the ground in the community. They distribute donations of clothes, equipment and food to local families. The Charity receives many small donation5 01 food and clothes and we can pass them on to tamilies in need or some of the groups in our neiwork. This year workingwilh Ealing Council Neighbourhood Governance we were able lo deliver leslive hampers to residents in need. Post the Omicron variety of Covid. lack ol food Pa&FC 3
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 continued to be cl)allenging particulailyforlhose who had10st Iheiriobs, financial and emotional support was needed. Many otlier organisations on the ground liaised with the Charityto reach those most in need in our community an($ the Cliarity supported some ol them with grants, access to commuiiity spaces and networking. The Charity worked with the Ealing Together team and contacted them 10 See support they could offer Ukrainian families arriving in the borough. We have offered to use our network in the community. The team met with a Social Prescriber which is a project led by NHS in local partnership with A2 Dominion housing. The aim of the project is lo work with people in the community and prescribe local activities which they may benefit from. The Charity was able lo oller access to the Centre and a wide varlety of groups. Hall Usage This William Hobbayne Community Centre is used by a variety ol Eroups. The Middlesex Association forthe Blind use the Centre lor their lob club which includes a dedicated room lor specially adapted computers and tortheir monthly coffee mornings. Weekly Maths, English and Arttuition classes take place. Mosaic weekend courses. Community Events including 3 Quiz Night. Bums Night and other ad hoc event5. Weekly Eroups include Dementia Concern. NHS, Irish Group, Hanwell Neighbourly Care, Liiie dancing. board games, yoga. Taekwondo. Pilates, Zumba, Aerobis and Tai Chi. In addition, meets'ngs take place for the Women's Institute, Olde Hanwell Residents Association and Councillof's surgeries. A local theatre and a local ukulele band have used the Hall for rehearsal Space. The local Rotary Club have used the Centre with subsidised rate5 lor their fundraising quiz nights. The Centre was used as a polling Station lor the local Elections. AGM meetings look place for Hanwell's Allotmentgroups and the Woodcraft Folk. Hanwell Carnival used the Centre lortheir volunteer recruitment. The Charity assisted with the event helpingto decorate, providing refreshments and generally were oli hand to support them. Queen's Award forvoluntary Servlce The Queen's Award for Volunteering Eventtook placeatthe centre lo formally acceptthe award, celebrate and acknowledge thewoik of Individualvolunteers. The office team and some ol the Charity's volunteers prepared the centre for the event. Volunteeis made cakes, washed and Iioned tablecloths, put up Pa&ic 4
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 decorations, ensured the centre was rea(ty for the event and the arrival of the Richard Kornicki, tlie Queen's Representative in Ealing. Richard Kornicki presented 80 volunteers Wlth a Queen's Award lor Voluntary Servtce Badge. The Mayor of Ealing 2nd her Consort attended alongside Trustees. Councillor5 from both Hobbayne and Elthorne Ward. invited supporters ot the Charity and volunteers. A local volunteer amateur photographer kindly attended lo capture the event on camera. Attendees enjoyed an 31ternoon tea. Numerous speeches were made honourine and praising the work of our volunteers. A Trustee and our Outreacli Work represented the Charity and accepted the Queen's Award for Voluntary Setvlce from Sir Kenneth Olisa, the King's representative in Londoii at the Tower of London on beliall ol our all the Charity's volunteers. The Charity received an invitation from the Queen's Awaid lorvoluntary Serwce inviting two people from the Ch2rily to attend the Royal Garden Party in the summer. Two representatives atteiided on behalt of the Charity. Green spaces Hobbayne Half Acre Fleld The Hok)bayne Half Acre Field continues to flourish and be ulilised for a variety ol activities and educational programmes. The area along the River Brent continued 10 recelve the 5UPPOrt ol the Ealing Park Rangers. Thi5 enables activities close to the liver and also allows local residents to enjoy sitting by the waier. The Charity has encouraEed use ol the area for picnics and general outdoor enjoyment. Haven Woo(J in collaboration with the john Lyons Charity have been delivering forest school workshops lor children with special needs in the Easter, May lialtterm and summer breaks. The team were contacte by a Eroup of locallapanese familieswho are keen to integrate in the communityand enjoysome activities on the site. There weTe summer sessions for menopatjsal women, healing and sound therapy drumming. Men shed actlvities also took place on ihe site throughout the year. The Haven Wood team are now member ol the Young Ealing Foundation working together they support each other and other members of the group lielping lo expand acce55 to our green spaces. A navigatioii course lor young adult5 from Ealine Alternative Provision look place. Pupils have been excluded from school for a variety ol reasons and this course allows them to gain a certilicate and enjoy learning outdoors. Regularvolunteering litter picking days on the 51te have ensured the space is clean and sale for users. We continue to liaise with Ealing Council lor repair of the fence at the top of the field as this is the main access foi rough sleepers and dumplng. Website BIOES Pagie 5
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Charity continues to wiite blogs lor its website lo update on its activities ènd the project5 11 support5 n the community. The blogs give updates on individual projects, Elves an insight into some ol the organisations the Charityworks with and how it supports them. Financlal Review General The Charity has recorded a net income of £22,82512022.' net expenditure of £4161 forthe current linancialyear. ReseThes Pollcy The charity maintained the unrestricted reserves amounting to £88,735 12022.. £88,7351 which the Trustees deem are sufficient. The charity has sei aside funds to meet any emergency maintenance needs at its properties, wth reserve funds held for each of 25 Gol(Sen Manor, The William Hobbayne Centre, Billets Hart allotments and the Community Gardens. Any regular or planned mabntenance wll be met out ol income. Plans for ihe Future It is hoped that the outreach work ol the Charilywill continue to identitynew ways in which the charitycan work wilh local charities, organisations. and individuals to meet the growing loc31 need lor a551Staiice to combat need, hardship and distress. Approved bythe Trustees on . and signed on their behalf by -JP £4tr4.V..rft PagFe 6
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Opinion We have audited Ihe financial statements ol The Eleemosynary Charity of William Hobbayne Ithe'charityl fortlie year ended 30 September 2023 which comprise the Statement of Financial Activities. the Balance Sheet and notes to the financial slalements. including a summary ol significant accounting policie5. Tl)e financial reporting frameworkthat has been applied in their preparation is applicable lawand Vniled Kingdom Accounting Stcindcirds (United Kingdom Generally Accepted Accounting Praclicel, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland.. In our opinion the h"nancial stalemenls.. give a true and fair view ol the state of the charity's allairs a5 at 30 September 2023 and ol its incoming resources and application ot resources, for the yearthen en(Sed' have been properly prepared in accordancewith United Kingdom Generally Accepte(J Accounting Practice. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK anrj Republic of Ireland.; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities underthose standards ale further described irithe Auditors, responsiL)ilities lor the audit of the linancialstatements Section ol our report. We are Independentol the charityin accordance willi the ethical requirements that are relevant to our audit ol the financial statements in the UK. including the FRC'5 Ethical Standard, aiid we have fulfilled our other ethical responsibilities in accordance with these requiremeiits. We believe that the audit evidence we have oL)lained is sullicient and appropriate to provide a basis loi our opinion. Conclusions relating to going concern In auditing the financial staternents, we have concluded that the trustees, use of the going concern basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identilied any material uncertainties relating lo events or conditions that, individually Of collectively, may cast significant doubt on the charity's ability to continue as a going concerii for a period ol at least twelve months from when the financial statements are authori5ed lor issue. Our respon51bilitles 2nd the responsibilitie5 of the trustees with respect to going concern are described in tlie relevant sections of this report. Othei Information The trustees are responsible lor the otller information. The other ii)formation comprises the information included in tl)e Annual Report. other than the financial statements and our Report of the Independent Auijitors thereon. Our opinion on the financial statements does notcover the other information and. except to the extent otherwise explicbtly slated in our report. we do not expre55 any form ol assurance concluslon thereon. In connection with our audit of the financial statements, our responsibility is lo read the other information aiid, iii (Joing so. consider whether the other information is materially inconsistent with the financial statemeiits cir our knowledge obtained in the au(lit or otherwise 8ppears to be materially misstated. If we identify such rnaterial inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. i)ased on the work we have performed. we conclude that there 15 a material misstatement ol this other intorm8tion, we are required to report that fact. We have nothing to report in this regard. P<igc 7
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Matlers on which we are required to report by exception We have nothing to report in respect of the lollowing matter5 wliere the Charities (Account5 and Reports RegulaliorTrs 2008 requires us to report to you If. in our opinion.. the information given in the Report ol the Trustees is inconsistent in any material respect with the financial statements., or sufficient accounting records have not been kept.. the linanci31 statements are not in agreement with the accounting records and returns,. or we have not received all the information and explanations we require lor our alidil. Respon5ibilltles of trustees As explained more lully in the Statement ot Trustees, Responsibilities. the trLJStees are responsible lor the preparation of thefinancialstatemenls which givea true and fairview, and forsuch internalcontrol as the trustees determine is necessary to enable the preparation ol financi21 Statements that are free trom material misstatement, whether due to fraud or error. In pieparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disc105ing, as applicable. matters lelated to going concern and usingthe goingconcern basis ol accounting unless the trustees either intend to liouidate the charity or lo cease operations. or have no realistic alternative but lo do so. Auditor's responsibilities for the audit of the Ilnancial statements We have been appointed as auditors under Section 144 01 the Charities Act 2011 and report in accordance ¥Arith the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free Irom material mi55tatement, whether due to fraud orerror. and to issue a Report olthe Independent Auditors that includes our opinion. Reasonable assurance is a high level ol assurance, bul is not a guarantee tliat an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from trauij or error and are considered material if, individu311y or in tlie aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basi5 01 these financial statements. Irregularities, includingfraud. are instances ol non-compliance with laws and regLrlations. We design procedure5 in line with our responsibilities, outlined above, to detect material mi5Statements in respect of iiregul3rities, including fraud. The extent to which our procedures are capable of detecting irregularitie5, including fraud is detailed below.. We identify and assess the risks ol material misstatement ol the financial slatemenls, whether due to fraud 01 erTor. andthen design and perform audit procedures responsive tolhose risks. includingobtaining auditevidence that is sufficient and appropriate lo provide a basis for our opiiiion. Identlfication and assessment of potential risks In Identifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatement in respect ol irregularities, Including fraud and non-compliance with law5 and regiilations, we conducted: Meetings throughout the year with those charged with Eovernaiice and who reviewtlie charity's internal ethics and compliance reporting summaries, Includingthose concerning investigations Enquiries of management. Including obtainiiig and reviewing supporting docufflentation, conceiiiing the charity's material policies and procedures relating to.. identifying, evaluating and complying with laws and regulations and whether they were aware of any inslaiices of non-compliaiice relating to the detecting aTrd responding to the risks of fraud and whetlier they have knowledge ol any actual,
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 suspected or alleged fraud., and the internal controls established to mitigate risks relate(J to fraud o¥ on-compliance with laws and regulations.. Our reviews of the charity's remuneration policies. and key drivers for remuneration and bonus levels. Our as5e55ment of the influence of public officials over the operations ol the charity including any material transactions with related parties and key individuals- and Discussions among the engagement team regarding how and where fraud miEhl occur in the linanclal statements and any potential indicators of fraud. The engagement team includes IheAudit Director aiid staff who have extensive experience of working with charities in the same sectors as the charity, and rhis experience was relevant to the discussion about where fraud risks may arise. Risks ari51ng from legal an(i regulatoryframewoiks We are also required to pertorm specific procedures to respond lo the risk ol management override. We also obtained an understanding ol the legal and regulatory frameworks in which the charity operates, focusing on provisions of those areas that had a direct ettect on the determinalioii ol material amounts and disclosures in the financial statements. We did not identify any material audit rnatters related to the potential risk of fraud or noncompliance with laws and regulatlons from ourwork.. Reviewing management override of controls. Testing the appropriateness oljDurnal entries and other accounting adiu5tments. Assessing whether the judgements made in making accounting estimates are indicative ol a potential bias,. and Evaluating the buslness rationale of any significant transactions that are unusual or outside the normal course ol business. We a150 communicated our assessment of the ielevant laws and regulations and potential fraud risks to all engagement team merllbeis including internal speciali51s and significant component audit teams and remained alert to any indications ol fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limitation5 of an audit, there is a risk that we will not delect all irregularitie5, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This Tisk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likelyto become aware ol instances of non-compliaiice. The risk is also greater regarding irregularities occurringdue to fraud rather than error. a5 fraud involves intentional concealment, forgery, collusion, omission. or misrepreseniation. A further description of oui responsibilities lor the audit of tlie financial statements 15 locate(S on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms parl ol our auditor's report. We communicate with those chareed with g(>vernance regarding, among otl)er matters, tlie planned scope and liming of the 2udil and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. P<igc 9
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Use of our report This report is made Solely to the charity's trustees, as a body, in accordance with Part 4 01 the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we miglil state to the charity's trustees those matters we ale required to stale tothem in an auditors, reportand lor no other purpose. Tothe lullestextent permitted by law, we do not accept orassume iesponsibililyto anyone other than the charity and the charity'5 trustees as a body. for our auditwoik. lor this report, or lor the opinions we have formed. Eclmund Cartwright FCCA FMAAT for (ind on behalf ol johnsons, Chartered Accountants Statutory Au(Jitor 1-2 Craven Road Ealing London W5 2UA Date= 10
THE ELEEMOSYIIARYCHARITYOFWILLIAM HOBBAYNE STATEMENT OF FINANCIALACTIVITIES FOR THEYEAR ENDED30 SEPTEMBER2023 Unrestrlcted Endowment funds Total 2023 Total 2022 Iunaudiiedl i0oomlnL&eUIc Notes lTrcoming resources from generated funds: Investtnent income 153.697 153,697 165.659 Income from charitaL)le actlvities 106.299 106,299 65.476 Total Incoming resources 259.996 259,996 231,135 Re.sourcRslxMdR Note 4.1 74.630 74.630 77,568 Charitable activities Note 4.2 I,860 185,860 laf3.983 Other Note 4.3 Total resources expended 260.491 260.491 231,551 Net incornellexpenditurel befoTe investment gainslllos5e51 Gainsllloss5esl on investments 14951 14951 14161 23,320 23,320 1144,9121 Galnslllosesl on in¥estineni properties ?04.375 Net movemenl in fund5 22.825 22,825 59,047 Toialfun(Js brouEhlforwar(J 88.735 7.172,680 7,261,415 7,202.368 Totalfunds carvied fotward 88.735 7.195,505 7.284.240 7,261,415 Pag811
THE ELEEMOSYNARYCHARITY OFWILLIAM HOBBAYNE BALANCE SHEET AS AT30 SEPTEMBER 2023 Notes Llnrestricted Endowment funds funds Total Total 2022 Iunaudltedl 2023 Flxed AssRts Tangible 3sse15 Itlvestments Invesrmeni properties 1.906.811 924.959 4,300.000 1.906.811 924.959 4.300.000 1.906,811 901.639 4.300,000 Note9.2 Noie 9.3 Totalflxed assets 7,131.770 7,131,770 7.108,d50 CurrentAssEtS Debtors Cash at bank and in liand Note 10 Note 11 44.998 68.771 44.998 157.506 48.002 150.050 88,735 Toial current assets 88,735 113.769 202.SOd 198,052 Credltors.. amounts falling due Note 12 wilhin oneyear 50,034 45.087 Net cuvtent assets 88.735 63,735 152.470 152.965 NET ASSETS 88.725 7,195.505 7,284,240 7,261.415 EilPJQS C_apital Funds Perinanenl endowtnent funds Note 13 1 Expendable endwneiitfunds Note 13.1 1.649.789 5.545,716 1.649.789 5,545.716 1.570.696 5,601,984 Total capitaltunds 7,195,505 7.195.505 7,172,680 INcomeEunds Unresiricled funrss Note 13.1 88.ns 88,735 88,735 Total incomefunds 88,735 88,735 88.735 TOTAL FUNDS 88,735 7,195.505 7,284,240 7.261,415 Sigied bytwo trusiees on behaifof aiiihe trustees on......................... Nome.. John Sawyer Name.. MaikC05Stick P8ge 12
IHE ELEEMOSYNARYCHARITYOFWILLIAM HOBBAYME .WOTESTOTHE FINANCLAL STATENENFFOR THE YEAR ENDED30 SEPIEMBER2023 Accountlnkpoltcie5 asiG of aGrountin& The financial statemenls of the charity. which is a Dubtic beneflr enli1yunderFRS 101 have been DreDared in accorilance tb.. ChaFlttes 50RP IFRS 1021 Accountinu and Reporting by Chariiie5.' Staternent ol Recom mendeo Practice apP"Cable io charitie5 prBparing ih?Ir accounis sn a¢¢ordance with the FinaTrGial 51eportlng standaid appllcable In the UK and Republlc of Ireland IFRS 1021 lefferfNe l January 20191,, Financial Reporting andard 102 'The Flnantlal Reportlng Standard applicable in the UK and Republi¢ ot Ii•land' and the Charities Act 201L Th& f(nanciaL slat8m8nts have been propared under the histarical cost convelltS0n. Goln¢concem Havlngassessed the pncIpaLSksand Olhermatters In connecdon ¥th thegoing concern olthe charity. theTru5tees consider it appropri*10 Continue to adopt the golng concern basis ot accouniing in preparlng thesefinancial $taternents.The charity 55 In a net asset POSIOn at year end and ha5 adequate resources to meet ts financial obligations when they fall due for a period of at Itast 12 months fromthe dats of signing ofthefinancialststemgnts. Income and Eypendltuve Investmeni income cornprises dIdendS trom Invesimenis. bank Interest Ceived and rent from the irwestsnent propenles held bythe charity. orher Incomlng resouices comprfse donadonsand grantslorspeclltc prolects or purposes. Expendltur• i¢ c12s$ified basod on th8 requir8mentsolthe cha¥iVs prinCtpalsrCingof ftjndingand is detailed in noteA. There has been no Dff52ttingon IncomeaTrd expense5 unle55 Tequtred orpermitted bythe Charilie5 SORP Tanglbig FlxodAssets Tanglblefixed assetg Gonslstot. Thése comprfse the tollowlni The WAllam Hobbayllè Cèntre ststed at cost. The freehold bulldlng at Wiwam Hobbayne Centre Is ftot depreciated as it has an @Sllmated economic life gxceedinu 50 yaars with a high rèsldual value and rs kept in a good state of repair. The value ol the propenyremalns sratsle ano Increases oveitlme. The Hobbayne HalfAert Field sitecomprises histor¢c land held bythe charltywth no knoiyn ¢osi. Thi5 eompt¥se$ improvernents arKI extension work on the Wlltiam Hobabyne Centre and the accoursting poliry is the same a5 for freehold land and bui(din8S. - the Aii(Ét Hart 8ll¢tmontland was revalued previousLyat£580.OOOvA)Ich Istaken as fts deemed eost on transitionto FRSIO2. - the Hobbayne CommunltyGatdens is stated at its costof £97,990. The auotsnents and gardens belng land are noi depreclated. rixiures.fittirsg & equipment at the Wiuiam Hobbayne Centre are stated at cost less depreciatton. Depre¢latlon is probyded at the annualrate of 2S% on a straight line basis in ordertOWTite off the assers overtheirestimated usefullwes. Pag8 13
THE ELEEMOSYNARY CHARITY OF WILLIAM HO8BAYNE NOTES TO THEFINANCIALSTATEMENT FOR THE YEAR ENDED 30 SEPTEMBER2023 Inve5trnents Inwestinents are iiiiiially recowiised ai Ilieir purchase c05t and subse4uently measiired at tlieir laii value using Ihe quoted tllr)rkci piice ai rhe reportii)g date. All gain5 ènd losses arising on ievaluationand disposa15 duriiig the year are iakeii 10 tlie siatemeni ol Investment properties Investmoni properties are rneasured at fair value at the Balance Sheet date Willi gains or losse5 in fair value being recognised in tho siaternent ol Finan¢ialA¢tivltles. No depreciaiion Is provido(l on the investtneni properties in accordancewlh FRSIO2. Taxatio H5 a non-prorir maKinB vooy. Ine cnarity Deiieves Inai IE Is exernpi rrom au Torms or iaxaiion oiner rnan VMI. InE ¢nariiy ooes nDI make taxable supplies of goDds or services and is therefore nor required to be iegislered for VAT The charity is un<7ble to ieco¥er inptjt lay.where this is charged.and this lax Is include(J within ielevant ileins of exppnditure. Income All income is recognised in the Statement of Financial ActilieS once the clianly has entitlemeni to the Iiicome income. it 15 probable tliatthe ncomewill L)e recelved and the amount can beffleèsured reliably. Expenditure Expenditure is recognised once there is a legal or consiiuciive oblieaiion to Ir3iisfer economic benefits to a iliird pomj, it Is probable Ihal a transfer of economr benefits will be required in setlleinenl and the amount of the obligatioii be tneasuod Page 14
THE ELEEMOSYNARY CHARITY OF WILLIAM HOBBAYNE NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Rèsourcés expendèd The charity has analysed ils rÉsour¢e$ on thè basis provided by the SORP. The main items or expen(Jiture are summarised below 2023 2022 Iunauditedl Cost of generating funds maintenan of Investrnenl properties mainten8fi of William Hobbayne Cent maintenan of Billets Hart allotments 38.497 24.591 11.543 74,630 51,487 21.835 4.246 77,568 Charitable Activities l. Activities in furtherance of the charity's objectiv•s Outreach worker costs Activities at William Hobbayne Centre Lobby maiftlenan 238 13,517 2,493 16,248 28,907 18,115 47,022 11. Support staff costs - ClerklAssistant Clerk Less Clerk's services lo trustees Accounting servi5 Investtnenl rnan3gernent fees Other Office costs 50.321 17.958 11,1001 4,553 65 19,120 40.596 5.058 260 9,610 65.249 111. Govemance Independent examination of accounts HMRC Clerk's services to Iruslees 2.160 8,981 1,100 3,260 8.981 IV. Grants Made 95.382 63,105 Total expenditur8 on Charitabl• Actlvltles 185,860 153,983 Audit services A sum of £7,500 has been allowed for in the accounts for the year ended 30th Septernber 2023 in respect of audit fees. Stsff costs 2023 2022 Iunauditedl Salaries and soci81 security CA)St Pension 48,504 1.817 50,321 53.692 788 54,480 No. No. Avera98 nulnber of 8rnployees Page 15
THE ELEEMOSYNARYCHARITY OFWILLIAM HOBBAYNE NOTESTOTHE FINANCIAL STATEMÉNT FOR THE YEAR ENOED 30SEPTEMBER2023 Grant5 Made 2023 2022 Iunauditedl Grants made to institutions Giants made to individuals Giants from Hanwell Communily Centie funds 77.546 17.835 47.233 13.604 2.268 63,104 95.382 TartgSble Flxed A55ets Freehold Land & Btsildlng Improvements to property Allotment5 & Garden5 Tot81 Cost At l Qciober 2022 742.368 486.453 677.990 1.906.811 At30 September 2023 742.368 486,453 677,990 1,906.811 Depreciation 411 Ociobei 2022 Cliarge ft)ryear AI 30 5epternb2r2023 Net Book Value AI 30Septembei 2022 742.368 486.453 677.0 1,906,811 At 30September2023 742,368 486.453 677.990 1.906.811 Freehold land & bulldSngs cornprise the William Hobbayne Centre and the land known a5 William Hobbayne Half Acie Field and the Land a(Jiacentthereof. The Hobbayne HallAcre Field site comprises historic lai)d lield bytlie chaiitywith no known cost. The trusteps havo <idopied a policy noi 10 depreciate properties that gre owner occupied because Ihe value ol Ihe properly remains stable aiTrd increases overtime. The trustees have reclassified the eillets Hart alloimemts and William Hobb3wie Community Gardens a5 land held lor Imestment purp05e5. Consequeniiy. the cost of tN)th allotments ha5 been Iiansferred from investment properiies to iangible fixed assets of the trust. Page 16
THE ELEEMOSYNARYCHARITY OFWILLIAM HOBBAYNE NOTESTO THE FINANCIALSTATEMENTFOR THE YEAR ENDED 30 SEPTEMBER 2023 FIKedA55et Inve5tment$ Movement in fixed a55et investments Llsie(l equitle5 and ¢ash In¥estmet)t propertles Total Mathet value carried forward al 1 October 2022 Tiansler lo tangiL)le fixed assets Add.. Additions at COSt Less.. Eliiniiialed on disposals Less.. Uftrealised gainlllossl on revaluation 901.639 4.300,000 5.201.639 23,320 23,320 Market value carrled foNard at 30 Septernber 2023 924.959 4,300,000 5,224.959 Invp5tmeni$ All investmeiitassetswere held In the UK and cotDprise'. 9.11 Permanent EndowmEntlund Lrsted Investments and cash no. unitslprfce Hi5torlc cost Marketvalue at 30.09.23 M3rketvalue at30.09.22 19.000 Blackrock A55et Management UK Ch8rishare Income Fund 10.000 COIF Charity Fund Income Units 15.460 Dunedin Income Growth InvesimontTrusi 25p ordinary shares 16.500 Edlnburgh InvcstmeiitTrust Ip ordinary slTrares 5p 13.050 Invesco Income Growth Tru51 ordinary shares 25p 4,000 JPMorgan ClaveFhou5e IT PLC ordinary shares 25p 3,000 Monks InveslmentTIu5t ordinary5hares 5p 57.000 Invesco Trust Managers Exèmpt 6,500 M&C Securities Charilund 950 Unilever Orolnary 6.ow Meichants Tnjst Ord 25p 18.500 Trilax Big 8ox REIT pAc 1p 49,600 136.245 120,280 44,256 18.645 186.438 41.587 J90.639 40.814 13,392 23.001 28.776 23,676 19.771 19,706 24.59J 26.800 25,840 11.538 28,260 29,100 9.681 14.229 16.538 24,677 25.120 93.144 93.017 38,589 32.340 25,863 84,537 89.174 37.706 30.120 25.121 Total Permanent Endowment Fund 275.945 745.055 721.Bll Page 17
THE ELEEMOSYNARYCHARITYOFWILLIAMHOBBAYNE NOTESTOTHE FINANCIAL 5TATEMENTFOR THE YEAR ENDED 30 SEPTEMBER 2023 9.2.2 ExpendablE Endowments Listed Investments and tash no. unltslprtcè Hlstorlc co$t Marketvalue at 30.09.23 Marketv?lue at 30.09.22 28000 Liontrust Fund Partner5 LLP Hr0 11000 Temple Bar InvestmenrTrust ordiinary 6000 Merchaiits Trust Or(J 25p 18500 TritaK 8ig 8DX REIT plc Ip 24.7 25.767 36.061 25.960 32,999 22.055 23.440 24,924 24.639 24.527 19.979 18,570 18.600 23,750 26.720 29.680 22,770 24.240 23,400 22,120 31,680 Total Perrnanent EnrlowmentFund 8000 IMPAX Environtnent31 Mafkels Subtotal 168,029 179.342 179,264 Cash held within investment portlolio 562 562 Total Expendable En¢Jowrn?ntS 179.904 179.826 TOTAL INVESTMENTFUNDS 924,959 901,637 Investment properties Hlstorlc cost Market value at 30.09.23 NarkÈtvalue at 30.09.22 Propertydet311S Fair Value 2of Golden Manoi. London W7 3EE 561.185 3.475.000 3.475.000 IB Si Mark5 Road. LondonW7 2PN 772,000 825.CX)O 825,000 Billei HartAllotmen15 Williain Hobbayne Comtnuniiy Gar(Jens 1,333,185 4.300,000 4.300.000 A market appraisal of both inve5trnent propertie5 was eaffied oul in lune 2023 by a local esrate ageni Doyle Sales and LetlitTrgs aiid tlie Tiiistee5 have oL)tained confirmaiion thai the value of these i)ropertie5 liave not clianged maieri211y since 30 June 2023. The valiialion5 of both invesimeDI properties has been based on research o151milar local properties tliot have been sold recently, Tl)e market vaLue of 25 Goloen Manor ai 30 Septetnber 2023 15 the SLlrn of the markei value of ecich of the 9 flat5 coinpri5ing tliis property L)ased on the si& and conditlon of each flat. rhe trustees have reclassifierl the 8illets Hart allotinenr5 and William Hobbayne Catnmuity Gardeiis a5 Iall lield for non-lnvestment purpose5. Con5eoueniiy. the cost of both allotrnenis has been tr3n5ferred froim ii)vestment pioperties to nE1b[e fixed assets of the Iriist. Page18
THE ELEEMOSYNARYCHARITY OFWILLIAMHOB8AYNE NOTE5TO THE FINANCIALSTATEMENT FOR THE YEAR ENDED30 SEPTEMBER2023 io Debtor5 2023 2022 Iunauditedl 14.339 21,050 9,609 44.998 18.083 20,310 9.609 48,002 Trade deblofs Prepayments 11 C?5h at bankand in hand 2023 2022 Iunaudltedl Shortterm (lep051t5 Cash ai bank Cash in hand Matalan vouchers 97.151 55.655 154 4.5d6 157.506 94.534 50.231 1.784 3.SOO 150.050 12 Credltors amounts fallingdue within one year 2023 2022 Iunaudltedl Tenants. (Jeposits Rent5 received In aovance Other creditors Wages 8 5D¢ialsecurity Granis payable 17.106 20,077 936 736 533 9.125 139 1.383 50,034 16.731 20.077 802 736 5.555 139 1.046 45,087 Penslon Fund Allotments M31ntenance Fund 13 Ftsnd5 13.1 Analysls of charltable funrts-currentyear Permanent Endowfflent Funds E¥pendable Endowrne#t Funds Urbrestrlcted Income Furtds Total Funds 1.570.696 80,884 11.7911 5,601.984 179,112 1258.7001 88.735 7,261.415 259.996 1260,4911 Incoining resoiirces Resources expended Gain on revaluation of listed Investment5 Gain on revaluaiion on invesimeni properties Fun(J carried foward 23,320 23.320 1.649,789 5,545.716 88.735 7.2B4,240 Page 19
THE ELEEMOSYNARY CHARITYOF WILLIAM HOBBAYNE NOTES TO THE FINANCIALSTATEMENT FOR THE YEAR ENDED 30 SEPTEMBER2023 13.2 Netasset5 byfund Permanent Endowrnenl Funds ExpendaLTrle Endowment Unrestricted Income Funds Total Funds Fund5 Tangiblefixed assei Fixe(J asset invosirnent Investment properties Net currentasseis Tolalfunds 1,906,811 179,904 3.475.000 40.167 5.601,882 1.906.812 924.959 4.300.000 152.470 7,284,240 745,055 825.000 23,568 1,593,623 88.735 88.735 13.3 Unre5tiicted Incomefunls De5ignatedfunds'. The runS contain monies set aside lor einergencyrepairs and mainionance of the land and properiy35sels of Ilie charity, namely 25 Golden Manor. Ihe William Hobbayne CentFe. the Billets Hari alloimenis 3iid 11)e Williain Hobbayne Cotnrnunily GaFdens. The balances in the indimdual funds as at3011I Sepletnbpr 2023 are as follow5 Emereeiicy repair fLind for 25 Golden Mil nor Elmergency repair fund for The William Hobbayne Cenrre Cyclical maintenance fund torBillets HaitAllotments Cyclical maintenance fund forwilliam Hobbayne Cornmunity Gardens Greening projects to maintain the spaces vegeiaiion. Total fund5 3Q.(M)O 40.(100 8.000 3.000 7.735 88.735 14 TSte£S other Related Partie5 2023 2022 Trustees reimbursed for expenses 7,320 77 r5.407was reimbursed to Angela Wallis. husband forwater leak deiÈ¢iioii seNices. EI.400 was reimL)urse(J to Nico$ Roblnson lor organisatioiial grants ORG02 aiio ORG18, boih approved L)y Ihe board. Trusiees submit expeTrsefortns anrs receip153ndthe expenses are signeo off by Ihe Clerk and No trustees were paid expenses fortravelor subsistence. Page 20