Charity number.. 211756 HAMPTON FUEL ALLOTMENT CHARITY ANNUALREPORT 30 JUNE 2022 Hampton Fund Hampton Fund is theworkln8 name for H£tnptoh Fuel Allotment CharitylAÈgi5tration NO.2117561 RSM UK Tax and Accounting Limited Third Floor, One London Square Cr055 Lanes, Guildford Surrey GUI IUN Page l of 53 HAMPTON FUEL ALLOTMENT CHARITY ANNUAL REPORT for the year ended 30 June 2022 TABLE OF CONTENTS The Chalrman's Report Trustees, Annual Report Independent Auditovs Report 18 Statement ot Flnanclal A¢tlvltles- Current year 22 Statement ol Flnanclal Actlvltles- Comparative year 23 Balance Sheet- Current year 24 Balance Sheet- Comparatlve year 25 Statement of Cash Flows 26 Notes to the Flnanclal Statements 27 Accountant'5 Report 53 H3mpton Fuel Allotment Charity- Annual Report 30 June 2022 Page 2 01 S3 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIRMAN'S REPORT for the year ended 30 June 2022 stanford Emeritus Profes50T of Economlcs, Ezra Solomon, famously said,. "The purpose of economic forecasting s to make astrology look respectable" No Surprise then that I write for the third time, that this was not the y&ar l expected. And while it is true that by mid fin8ncial year Ioecember 20211, we had gre3ter resources to help those in need than ever before, then carne war. Prices, especially fuel, shot up and continue to rise. It is because we were in such a strong position that we were able to not only increase our fuel grant levels significantly but also Eive additional grants to those most in need. Th3t is after all what we were set up to do. But we are all, at Hampton Fund, very much 3ware that we are not done yet. Thu5, as uncertain times continue. Hampton Fund remains determined to be solidly, resiliently placed to continue supporting those in need In our area, as it has for the past 211 years. It'5 what we do Hampton Fund provides grants and other forms of financial help to low-lneome families and individuals, primarily helping them wlth thelr energy costs, core furnishing and white goods 3nd a contribution to school uniforms and school trips. While fuel 15 very much in focus today and an Increasing share of our grant5, we continue to 5UPPOrt other local ch3rities that provide a range of services within the communitv. It is our stock-m3rket-invested endowment fund that enables us to do thi5, and great credit goes to our fund man8ger5. Hampton Fund Director, David White and our Chalr of Finance and Investment, Dr Martin Duffy, for Steering us through increasingly volatile markets with 8 Steady hand. Of Course, we've had difflcult financial times before and learnt from them. Without doubt It is when times ar hardest that we are needed the m05t. So, we had put reserves in place for just such times as thi5 and have been able to meet all of our budgeted commitments and more. Our unlque borough There is a perception that this Is an affluent borough, but th55 brings with it particular ch3llenEes for those in real need.. less infrastructure to meet their requirements organlsations from outside the borough have little interest in providing help to those within it the gap between rleh and poor leads to isolation and mental health issues property prices exacerbate homele55ne5S All of this has of course been further aggravated by extern81 events, not least pandemics and military operations, that affect us all but undoubtedly impact sorne more than oth&rs. How we have helped Indlvlduals this year Those in need can apply directly to us Including, more recently. on-line. Under the guidance of Carole Swinburne, Iridlvidual Grants Manager, and through the very efficient meetlngs of Revd Ben Lovell, Chair of Individual Grants, response5 are quick and transparent. M05t awards are fuel grants paid directly to the energv supplier on the applicant's behalf. During 2021122, we 8warded 1.929 regular fuel grants totalling £943,949 11.847 in 2020121 at a cost of £897.7301, a conslderable increase. We awarded an additional 650 one-off fuel grants of £210 for families on top of their regular grant of £520, to help with the increase In energy prices. A150, we award grants for the purch3se ol basic white goods, for example a frldge or a cooker, 3nd bzslc Item5 of furniture such as a bed. Often these grants are made where rehousing 15 needed, especially of those previously homeless. Hampton Fuel Allotment Charlty- Annu31 Report 30 June 2022 Page 3 of 53 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIRMAN'S REPORT Icontlnuedl for the year ended 30 June 2022 How we have helped lotal charities this year The work of the charities and community group5 in our borough has been especially important in recent years, will undoubtedly rernain 50 in the near future and is very much appreciated. We continue to support those in need by rnaking grant5 to rnany of these organI5atSons. Community Grants are the responslbillty of David White, our director, supported by Jan Webb, our Community Grants Manager. I make special mention here of Hilary Hart, Chair of Comrnunity Grants, who now cornpletes her flnal year as Trustee of Hampton Fund. Our governance rules allow 3 maximum term of ten years and I thank Hilary on behalf of both the Trustees and our professional t@3m for her unwavering contribution. Under her stewardship, Hampton Fund made 81 community grants in 2021122176 in 20201211 to charitable organisation5 totalling £1.552.0501£1,354,600 in 20201211. Our grants cover a wide v3ri&ty of sectors, Including disability. older people, children and young people, carers and mental health as well as community activities. The end-of-grant monltoring report we receive from the groups we fund is one way we evaluate the impact of our funding. We are honoured to be able to contribute to such organi5ations. Between individual / direct grants and community / ch3ritV Erants, it is estimated that H3mpton Fund and the charitles it supports have, over the years, beneflted approximately one in ten of the resldents of our catchment area. How can we do more? A5 the world changes, needs ch3nEe and Eulded by our values, we must changÉ too. Practical Steps were taken during the year, by Trustee5 and professional staff alike, to both afflrm those values and ensure a cornmon, evidencÈ-based awarene55 of the current situation. Subsequent plans were drafted to ensure our activities align with those values and move us toward5 Qur longer-term vision of maximising the Eood done by each pound granted. Such plans of course can change as circumstances change and so testing, questioning and even criticising ourselve5 seeking ways to be b&tter, is an ongoin8 task. Beyond our stock-market based fund r3ising, our collaboration continues with Richrnond Parish Lands Charity IRPLCI on oneRlchmond, our joint project to encourage "placed based Bivin8' or, simply put, the people of Richmond 8orough helping the people ol Richmond 8orough. As with $0 many other things oneRichmond was, to an extent, held back by the p3ndemic. Momentum has again been restored around 3n applicatlon with the Charities Commission for Charitaljle Incorporated Organisation Icioi status for oneRlchmond 3nd a young peoples, mentorlng prograrnme. Peer research showed that career preparation and mentoring was second priority lor young people after mental health. Tho latter though is well provided for through other schemes, some of which H8mpton Fund 31re3dy sponsor5. Mentoring on the other hand seemed to have very little provision, generally offÈrÉd to lirnited or Special needs groups. Somewhere out theTe is the next Albert Einstein or Isaac Newton, Bezos or Musk or perhaps the next Prof. Sarah Gilbert who designed tho Oxford AZ vaccine in such short order. They rnay not know it yet kiut perhaps with the right inspiratlon and experienced guidance they may ealn benefit, not lust for themselves but lor all of us. Our hope is that by eventually bringing this service to all young people in the borough it may provide that spark. Thanks once agaln go to all those who have helped to promote and support this work and to Hampton Fund'5 David White. Jan Webb, G&r31dine Locke and my Deputy Chair, David Meggitt and to the RPLC team for maintaining the momentum. Harnpton Fuel Allotment Charity- Annual Report 30 June 2022 Page 4 of 53 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIRMAN'S REPORT Icontlnuedl for the year ended 30 June 2022 Meeting local needs today and tomorrow Looking after the endowment fund and balancing the need5 of present and ￿tUre generations are challenge5 that we, as Tru5tee5, have to consider carefully. Accordingly, our prime investment objective is to ensure that fund5 available for t>eneliciaries are malntain@d in real terms, so as to ensure that future gener8tions rnay benefit frorn the endowment 3t least a5 well as the current one. In order to achieve this goal, we have adopted a Yotzl Return. approach to investment which allows Trustees to use both income and capital growth produced by the endowrnent fund to satisfy expenditure. This romoves any reliance on income alone to meet expenditure and permits a more flexible and longer-term investment approach. In looking after our endowment, we take independent professional advice on how its financial assets are invested and rnanaged. During the ye8r management of the endowment'5 assets was shared between UBS Asset Managernent and Rathbone Investment Management. Although our total investment portfolio moves up and down with the markets. w& take a lon8-term view that has seen steady Erowth in the fund and what it can give to those in need locallv. Charity governance Governance continues to be an important duty of the Board of Trustees and we execute a programme of regular review of all our policies. Staff turnover is another important risk to manage, and l am glad to say that we have had another year wlth no changes. I give my thanks once again to our team of professionals. Our Trustees Ultimately governance sits with the Trustees. Our Trustees are pertnitted to serve a maKimum of two five-year terms. and we can have up to 12. We believe thi5 offers 3 h&althy balance of stability and turnover, wlth usuallv one or two new each yezr. During the year we welcomed Laurence Sewell to the Board ol Trustees. I mentioned above that Hllary Hart cornpletes her term this year as will Mark 8oyle next November. Though we 8re pro-active in seeking to recrult new Trustees, we always welcome enquirie5 from those who might be Interested in serving. Keep in touch Finally, do tap into our continued presence on social media and on our wei7slte www.hamptonfund.co.uk, put together by our Communication5 StrateEy Group, Chaired by Dr james Brockbank and supported by our technical guru and 5tatlstlcian Sheila Pryde. Otherwise, if you would like to speak directly to us, do call our offlce on 020 89417866. With another year of surprlses behind us, Hampton Fund remains forever in trust for the benefit of the peopl& of H3mpton and our wider area of benefit. Whatover comes our way, we will be here for you. With thanks Chalrman Date.. 3 November 2022 Mr Martin Seym Hampton Fuel Allotment Charity-Annual Report 30 June 2022 Page 5 of 53 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT for the year ended 30 June 2022 The Trustees present their report and the financlal statements of Hampton Fuel Allotment Charity (also referred to a5 "H8mpton Fund" or-the Charity'l for the year ended 30 June 2022. The fSnanclal statements have been prepared in accordance with the accountlng polS£ies set out in the notes to the financial statements and to comply with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 prep8ring their account5 in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJECTIVE5 AND ACTIVITIES Charitable purpose and actlvities The Charity exists to addre55 need in the community and to improve the quality of life of its Inhabitants. This need may arise from v8rious sources, including financial hardship, ill-health and disability, and gaps in the funding of education and lo¢al recreational amenities. It achieves this purpose by making grants, both to individuals 2nd famille5 and to not-for-profit organisation5 wh05e work falls within these parameters. The funding for these grants ar15e5 Out of income derived from the Charitls investments.. the strategy of the Charity is to balance the need5 of current and potential future beneficiaries by maintaining the value of the endowment In real terms, while generating a sufficient tot31 return to m@et annual needs. The area of beneflt wSthin the London Borough of Rlchmond upon Thames ILBRUTI and In order of priority. is.. 11 Harnpton and Hampton Hill., 21 the remainder of the former Borough of Twickonham IHampton Wick. Teddington, Twickenham and Whittonl,. and 31 the remainder of the present LBRUT. Indivldual grants are restricted to the first two of these. Assets of the Chorlty The assets of the Charity CQnSlSt of aPPToximately £56.6 million of investments, £1.2 million of freehold and leasehold property and other tangible fiyed assets. £0.4 million ol debtors and £2.1 tnillion of bank 8nd cash balance5. The total return gonorated frorn the investments is used to meet the charitable objects. Grant maklng pollty l. Individual grants- Families and individu81s on low income To meet a proportion of the electritity 3nd Ba5 bills of individuals and families who meet our criteria To provide essential equipment (for example white goods or items of furniture) ro support ¢hlldren, who 8re in their penultlmate or final year at junior school, wlth the c05t5 of the school journey and school uniform Beneficiaries must live In the Harnptons, Teddington, Twlckenham, or Whitton. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 6 of 53 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontlnuedl for the year ended 30 June 2022 2. Communlty grants Organis3tions are supported to tackle need and improv& quality of life, benefiting residents in the followinE areas.. the Hampton5. Teddington, Twickenharn. and Whitton. The Trustees m3y consider init13tive5 that 31so beriefit residents in the rest of the London Borough of Richmond-upon-Thames, providing there is a significant proportion of beneficlaries from the areas Outlined above. What the Charlty Is unllkely to support The Charlty is unlikely to support any of the following.. Holidays Iwith the exception of severe medical or heath needl Services whlch are the responsibility of a statutory bodv Grants to individua15 for private and post compulsory educatlon Retrospective funding, both capital and revenue National general charitable appeals Endowment 8ppea15 The advancement of religion and religious groups, unle55 they offer a non-rellglous Servi￿ to the community Projects of a political nature Anlmal welfare Cornmercial and business activities Social Enterprises except Community Interest Companies ICICSI How to apply for a grant- Indlviduals Our indivldual grant application form is now available to complete online through the followlng link.. htt www.ham tonfund.co.uk For those who do not have acces5 to the internet, the application form, which should be sent to the Individual Grants Manager, 15 also available to download from our website Iwww.h3m tonfund.co.ukl. The forrM5 are also available from the Charity's office and from advice and community centres in our area of beneflt. How to apply for a grant- Organisatlons Information and guidance on the Charity's applitatlon process for a communSty grant is availzble on the Charity's website lwww.ham tonfund.co.ukl, including a copy of the application forms. Publlc benefit The Trustees have taken The Charity Commission's general guidance on public benefit Icontained within the recent publication 'Charities and Public Benefit") into con51deration in preparing thelr statements on public benefit contained within this Trustees, Annual Report. Our vislon is to give our community the chance to create a briEhter future and the opportunity to thTlVe. The Charity provides grants to individuals in need to improve quality of life and well-bÈing,' and funds charitable organisations and community Broups to provide a range of services and activities to tackle disadvantage and inequality. Hampton Fuel Allotrnent Charity- Annual Report 30June 2022 Page 7 0153 HAMPTON FUEL ALLOTMENT CHARITY rRU5TEE5' ANNUAL REPORT Icontlnuedl lor ihe yeaf ended 30 June 2022 To determine to what extent the Charlty Is achieving public benefit, the Trustee5 use the following measures of 5u£ce5s and gather evidence accordingly: Assessment of the organisations we fund to determine positive outcomes for people in our area of benefit,. Ev31uatlon and lrnpact reports of the work we fund from organisations, includlng case Studies,. 2nd Feedba¢k such as "thank you" l&tters from indlvidual recipients and frorn other people and organisations dealin8 with our beneficiaries. ACHIEVEMENTS AND PERFORMANCE Grnnt giving- Indivlduolgronts During the year. the Trustees awarded grants amountlng to £1,178.489 12020121.. £971,238). This is a significant increase of around 21% compared to the previou5 year. There are several contributing factors for this increase.. Due to the unprecedented increase in energy prices and the impact on gas and electriclty b1115, the Trustees have identified farnilies as particularly vulnerable at this time. Therefore, additional one-off payment of £210 was agreed for lamllies who were eligible for our fuel grant. Increased awareness of our support with the use of social media and online applic3tion form. Increased work with our local schools. 3s reflected by the slgnlficant increase in the number of grants for school journeys. An increase in the number of energy companies that we can work with. A summary of the indivldual grants awarded in the year Is as follows.. Grants awarded 2021122 Number Grants awarded 2020121 Number Category Fuel Erant5 650 additional payment5 to families @ £210 Essential items and furniture 1,929 943,949 136,500 67.531 1,847 897,730 64.412 3.796 5,300 School journey grants School uriiform grants t)isability grants TOTAL 105 15.669 29 76 13,400 53 1.440 1,178,489 14,4871 1,174,002 971,238 13,9621 967,276 Less.. Fuel grant refunds TOTAL Hampton Fuel Allotment Charity-Annual Report 30 June 2022 Page 8 of $3 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 30 June 2022 Grunt ulvlng- Community grants During the year, the Trustees awarded 81 grants 12020121.. 761 amounting to £1,552,050 12020121.. £1.354,6001. For a full Ilst of the community grants awarded in 2021122, please see note 16 to the financial statements. A summary of the community grants awarded in the year is as follows.. Grants Awarded 2021122 Number Grants Awarded 2020121 Number Category Advice, Advocacy & Outreach Arts, Sports & Recreatlon Carers 73,500 68,000 193,400 256,500 99,0Tr) 344,250 49,100 198,800 156,500 6,000 159,100 174,800 109.100 295,200 57,000 195,500 50,000 131,400 20,000 1,354,600 Childr&n & Young People Community Actlvitles 18 12 18 16 Education ealth & Wellbeing Housing & Homelessness Older People other li 13 45,000 196,500 28,000 1,552,050 li TOTAL 81 76 oneRlchmond oneRl¢hmond has been est3bli5hed by Hampton Fund and RPLC, two local gr3nt-rnaklnE charities with a long history and grassroots knowledge of the local community. Independent research commi55ioned by us- On The Edge, concluded that the perception of Richmond a5 a wealthy place mask5 high levels of need. oneRichmond exists to highllght and address those needs across the Borough. The airn is to work wlth others to unlock additional significant resources, improve opportunitie5 and ch3nge lives. We want a 8orough in which everyone can thrive. By additional resources. we mean funds, expertise, time and use of facilities. The lead role for this project for 2021122 was taken by RPLC12020121.. Hampton Fund). During the past year progress has been harnpered by staff change5 and lack of cap3Clty. However, the following h3s been achleved.. lil A detailed evaluation report was completed on the work funded through the £IOO,000 grant from The National Lottery Community Fund. The gr2nt was specifically to fund local youth projects to deliver activitie5 and 5eivi£es for vulnerable young people across Richrnond who have been affected by tho COVID-19 crisis. Overall, the programme of activities ha5 been a success. 1111 As a result of oneRlchmond's Covid Appeal, four local charities benefittod.. Richmond Upon Thames Crossroads Care. Integrated Neurological Service5, Homelink and the People Hive &ach received £10,000 to support their beneficiaries who have been greatly affected by the p3ndemSc. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 9 of S3 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT (Continuedl for the year ended 30 June 2022 liiil Followine the iesearch r&port and recommendations on the needs of young people in the Loncjon Borough of Richmond-upon-Thame5. a rllentoring programme for young people has been deerned a priority. In the first instance, three priority groups have been identif1ed for 5UPPOrt.' young carers, care leavers and young people at risk of involvement with the criminal justlce system. In order to bring forward some of this work, Hampton Fund agreed to fund the following organis3tions'. Crossr03ds Care Rlchmond upon Thames to provide mentoring support for younE carer5 Wlth complex needs1£30.000 grant per annuml. Rlchmond Carers Centre to provide mentoring support for young carets1£31,000 per annuml. This commitment and support will be provided for three years. subject to S2tisfactory monitoring and reports on outcomes. Ilvl An application has boen submltted to the Charity Commlsslon for oneRichmond to become 8 Charltable Incorporated Organisation. Trustees at H3mpton Fund consider that oneRichmond adds value to its existing work. For further inforrnation on oneRichmond, please visit www.onerichmond.or .uk. FINANCIAL REVIEW Flnanclal results of activities and events The Fund produced a total return Id&lined as Investment income plus capital Eains or105sesl of -0.33% or £0.20 million Ioss12020121.. +16.1% or £8.79 million gain), being Investrnent income of £1.85 million12020121.. £1.78 rnillionl less capital losses of £2.05 million12020121.. Eains of £7.02 rnillionl. The charity received income from other sources of £0.05 million 12020121.. £0.16 rnillionl 3nd incurred total expenditure of £3.23 million 12020121.. £2.87 million), rÉsultlng In a deficit of £3.38 million for the year12020121.. £6.09 million surplus). Total expenditure Included grants to individuals and charitable organisations totalling £2.73 million12020121.. 2.41 million). investment managernent fee5 totalling £0.11 million 12020121-. £0.10 million) and operating costs totalling £0.39 rnillion12020121.. £0.37 millionl. The total net assets of the Charlty at 30 June 2022 were £59.41 million 130 June 2021,. £62.79 mlllionl. cornprisinE of investment5 valued at £56.65 million 130 June 2021.. £60.19 millionl, bank t>alances of £2.09 million130 June 2021.. £1.83 million) and tangible fixed assets of £1.18 milllon130 June 2021.. £1.19 million). Resetves policy The Tru5tees' policy is to malntaln sufficient free resetwes lunrestrlcted funds not committed or invested in tangible fixed assets or designated funds) to cover 3 year5 of operating expenditure, which based on our 2022123 budget 15 around £9.7 million. At 30 June 2022, our level ol free reserves was £8.04 million130 June 2021.. £8.6S millionl, which represents 3round 30 months130 June 2021.. 36 monthsl of expendlture. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 10 of 53 HAMPTON FUEL ALLOTMÉNT CHARITY TRUSTEES. ANNUAL REPORT Icontlnuedl for the year ended 30 June 2022 Transfers pollcy The Trustees aim to protect the value of the Permanent Endowtnent Fund in real terms for future beneficiaries by making transfers periodically from the Unapplied Total Return Fund to Increase the value of the Permanent Endowment Fund in line with the CPI measurernent of inflation over time. The Trustees make transfers Irorn the Unapplied Total Return Fund to tho General Fund to cover grant payments during the year. Reflecting the exceptionally high inflation of the past 12 months would have resulted in a transfer of more than £4.5 million to the Permanent Endowment Fund this year. Thi5 would have resulted in a substantially negative Unapplied Total Return Fund at year end, precluding further transfers to cover grant payments for the time being. The Trustee5 consldered that such a transfer would unduly favour future beneficiarie5. The Trustees decided that a better b313nc@ between current and future beneficiaries would be achieved bv limitinE the transfer to the Permanent endowment to 3%1£1.46 rnillionl. being more in line with longer-term inflation expectations. The trustees transferred a total of £2.50 million to the General Fund over the year. Investment pollcy The Trustees, investment powers are those as defined by the Trustee Act 2000. The Trustees are requlred bv the Charlty's deeds to ensure that its investments are kÈpt under review by one or more experts, who are required to inform the Trustees or tnvestment manager5 of any ¢hanEes that may be in the best Interests of the Charity. The Trustees m8y only make changes to the Charitvs investments following advice from an independent Investment expert. The Charitws prime investment objective 15 to rnaintain funds available to disburse grants at their current level of around 4% of the value of the endowment (currently in excess of £2 million). in real terms over time. In order to achieve this. the Trustees have established an investment strategy which aims to produce an average annual total return Ideflned as income plus capital growth) of Consumer Price Index ICPII +4%. The Charity recognises the need to dlverslfy its investmer)ts in order to spread risk. It has been agreed by the Trustees that the Charlty's investments are actively managed. The Tru5tee5 have adopted a Total Return approach to management of the Fund. which provides a more flexible 3pproach by relaxino income constraints on its investments. A resolution to thi5 effect was passed on 29 April 2015 and the Trustees agreed to use the valu&1£39.18 million) of the Fund on 30 June 2010 as Shown in the Ch31itrfs audited financial statements for that date, as the Preserved Value of the Fund (permanent Endowment Fund). The value of the Permanent Endowrnent Fund Is protected in real term5 by mak1ng transfers periodically from the Unapplied Total Return Fund to increase its value in line with ICPII inflation. At 30 June 2022. the value of the Permanent Endowment Fund stood at £50.15 million 130 June 2021.. £48.69 UBS Asset Managernent and RathbonÉ Investment Management (both appointed in 20151 are the active manaEers of the Ch8rity's investments. The Charitws investment Strategy and the performance of its investments are reviewed regularly by the Trustees wlth Input from the Charity'5 Independent professional investment advisors. Hampton Fuel Allotment Charity- Annual Report 30 lune 2022 Page 11 of S3 HAMPTON FUEL ALLOTMENT CHARITY YRUSTEES. ANNUAL REPORT (Continued) for the year ended 30 June 2022 During the year under review, the market value of the Charitws investrnent5 fell by approxim8tely £3.$ milllon 12020121.. increased by £5.7 milllonl. Please refer to note 11 to the financial statemÈnts whlch provides additional informatlon. The investments held at 30 June 2022 Include both the Endowment Funcj and the General Fund arnounts, as shown in the balance Sheet on page 24. Responslble Investment Policy Hampton Fund holds the rnalority of its investments as financial investments, with the aim of maximising returns at an appropriate level of risk. Appointed investment managers are expected to invest the assets in line with the Charity's mission and values and the Trustees reserve the right to exclude investments that conflict with these, such as (but not limited tol investments in comp3nies involved in practices such a5.. human rights vlolation5 unethical lending pr3Ctic&s Ifor example payday loans) violation of minimum labour and Ilvlng wa8e standards environmental degradatlon armament sales to rnilitary regimes pornography gambling The Trustees ask the investment managers to ÈnEaEÈ Wlth investee company management in relation to quality of governance, environmental and 50clal impact, and exercise voting rights accordin81y. PLANS FOR FUTURE PERIODS Future strategv The broad strategies and oblÈctlves of the Charity have remained constant over manv vears. However. with the impact of unprecedented high energy prices and cost of livine cri515, we have increased our support for famille5 through the level of fuel grant,. and through our community grants programme, w& have increased our funding to support charities that are t£cklin8 the needs of those on low income who are experiencing manv aspÈcts of disadvantage at thi5 tirne Ith3t is increased support for debt advlce and food poverty initiatives). Earlier this year, the Trustees held an Awayday. Trustees discussed a range Of issue5 to help Shape our medium and longer-term vision. including our v31ues, accessibility of our 8rallt5, Succession and govern8nce. In 311, 27 action point5 were identified. A working group ha5 been established to prioritise thes& action points and to determine the tirnescale to Impletnent each of these. The Charity will continue to be responsive to potentlal changes of ernphasis or new areas of work. Communlcatlons We plan to continue to be active in social medi3, both on Fac@book and Twitter, further rai5inE the profile and awarene55 of Hampton Fund, 3nd the help available. It 15 Worth noting that during the financial ye2r, the Individual Grants Application Form was available online. and this has certainly contributed to an Increase in the number of applications received. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 12 of S3 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontlnuedl for the year ended 30 June 2022 Impact of actlvltles and significant events The Charity will retain similar investment benchmarks as at present. Its grant giving priorities will also rernain slmilar to those for the year under review. A revi&w of the Charitws over811 inve5trnent strategy was planned for Spring 2020, five years since the Charity adopted a Tot31 Return approach, establishing its current strategy and appointment of the current Investment advisors and managers. However, with the outbreak of the coronavirus and the 5toek market crash in March 2020, the review was completed in Autumn 2020. Future commltments For some reportlng periods, the Trustees wlll award grants to organisations, which have not been accounted for within the year concerned, because terrns and conditions attaching to those gr3nts have not been fulfilled by the year end date. At 30 June 2022, these commitrnents subject to various terms and conditlOn5 totalled £Nil130 June 2021.. E34,0001. A detailed analysis of these commltments is given in note 17. The Trustees are 5atlsfled that the Charity has sufficient resources to meet these commitments. STRUCTURE, GOVERNANCE AND MANAGEMENT Status and hlstorv The Charlty was created following the 1811 Enclosure Act by the granting of 10.14 acres of land for produclng a supply of fuel for the poor of the ancient parish of Hampton. Subsequontly the land was rented out for nuTseries. In 1988. the land wès sold for development and the sale proceeds formed the financial base for the current woik of the Charity. Hampton Fuel Allotment Charity became 3 registered charlty on 19 November 1962. The governin8 document Was a scherne of the Charity Commission dated 26 ALJgust 1981. It was amended by schemes dated 27 July 1989, 4 December 1991, and 21 April 2004 and an order dated 19 August 2(K14. With effect from 27 April 2005. the Trustees reso5ved to make various alterations to these documents with the approval of the Charity Commission. These various documents were subsequently consolidated into a single document. Organisational structure The overall strategic direction of the Charity is determined by the Trustees. who have set up variou5 sub- committees and made varlous professional appolntmonts to assist them In Ènsuring the 5trate£ic goals of the Charlty are achieved. Trustees are normally appointed for a period of five years. The Trustees transact the Charity's business through Board meetings, whlch are held at least four times a year and throuEh the sub-cornmittee5 of the Board. The activitles of sub-committees are reported to the rnaln 8oard meeting. Hampton Fuel AllotmÈnt Charity- Annual Report 30 June 2022 Page 13 of 53 HAMPTON FUELALLOTMENTCHARITV TRUSTEES, ANNUAL REPORT (Continued) for the year ended 30 June 2022 Flnance and Investment Panel.. this p8nel usually meet5 live times a year, in¢ludlng 6-rnonthly reviews wlth our investmÈnt advlsor and investrnont rnanaEers,' 8nd oversees the Charity's investment strategy and performance. It also sets the Charity's annu31 budget. Personnel ahd Resources Panel.. this panel meets at least once a year and keeps under revlew rnatters relating to staffing, staff performance, office premises and equlptnernt. Indlvldual Grant5 Panel.. this panel rneet5 at least six time5 a year to consider application5 from individuals and familie5 in need. In urgent cases the panel Chairrnan, another Trustee and the IndivSdual Grants Manager have delegated power to agree gr8nts. The level ol awards is reviewed on a regular bas1S. Communlty Grants Panel.. thi5 panel meets at least 51x time5 3 year and con51ders applications from org3nisatlons. The panel has delegated powers to make grant5 UP to an agreed amount and to make recommendations to the 8oard for grants above that amount. The awards of both the Individual fjrants Panel and the Community Grant5 Panel are reviewed by the full board of Trustees at their regular meetings. Special ParEels may be formed by Trustees, under an @stabli5hed procedure, to consider any formal complaints related to the conduct ol the Charity and its relationship with other parties, Working Groups are also established, as and when appropriate, to look at specific areas of work. Key management personnel The day-to-day management of the Charity is entrusted to the Director and team of staff, who are responsible for delivery of the Trustees, decisions. In broad terrns, the Director services the full Board and is responsible for Comrnunity Grants and other key areas of work. The Individual Grants Manager Services the Individual Grants Panel and recelves, checks and processes gr3nt applications from Sndividuals. In the opinion of the Trustees, the Director, the Individu81 Grants Manager, and the Communlty Grants Manager meet the definition of key management personnel. The startlnE salary for new members of staff 15 determined by benchrnarking similar roles wlthln the charitable sector. Salaries are reviewed by the Personnel and Resource5 Panel in February anc5 recommendations made to the Finance and Investment Panel. Recommendations rnust be approved by the Board of Trustees and any salary increase implernented from l July, the b&ginning of the Charity's accounting year. Individual performance and inflation are critical factors that the Trustees will consider when determining any salarv Increase. Hampton Fuel Allotment Ch3rity- Annual Report 30 June 2022 PaBe 14 of 53 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT (Continued) for the year ended 30 June 2022 Method of recruitrnent, appolntment, election, inductlon, and tralnlng of Trustees Recruitment, uppointment. andelection One of the Trustees of the Charity is ex-officio, slx of the Trustees are nomlnated and up to five can be co- opted. The ox-officio Trustee is the Incumbent of St. M3ry's Parish, Hampton. When a vacancy for a nominated Trustee arises, the nominating 8Uthority is contacted, and the Charity awaits its selection. The nomlnating authority is provided with a guideline as to the skills, knowledge and experience that would be of benefit to the Trustee 8oard. Co-opted Trustees 3re recruited from those who are resident in the area of benefit or have a good knowledge of it and have skills and knowledge relevant to the activities of the Charlty and its area of benefit. In some cases, these are 'targeted' through a recognised need to have specific skills to 35515t Trustees, decision making (for example local G,P., financial ski115 and experience). Th& Ch3Tlty wlll also advertise for new Trustees when appropriate. Induction and troinlng New Trustees receive induction and a Tru5tees' Handbook containing essential material about the Charity and how it operates. Key information is he5d on the Trustee website portal for ease of access. Trustee5 receive regular reports relatin8 to the Charlty's activities, attend regular meetings and are encouraged to participate in training event5 and wo¥kshops to update knowledge. The Charity recognises the need to keep existing and new Trustees up to date with leglslative, Charitv Commission and accounting requirements. It also recognises the need for Trustees to be awaTe of developments within the area of benefit which might affect their grant making. Trustees reeelve updates from speakers at thelr meetings, on matters relatlng to the Charity, a5 well as one to one induction In place of Risk management Trustee5 believe that tho Ch8rity should manage and where appropriate reduce risk through its operatlon. The Director maintain5 a risk reg1ster. The Finance and Investment Panel review the rlsk assessment document every year and draw the attentlon of tho Board to 3rea5 where further 8Ction may be required. These are recorded 50 that the neces$3ry steps can be taken to manage thern effectivelv. The Charity has adopted the risk probubillty and risk impoct approach to rlsk assessment. Although most risks are rated low and medium, th￿S new approach highlighted the higher risk to loss of investrnent5 and Income due to external forces Ilor example stock market and polltlcal decisions). Approprlate controls are in place to mitigate these risks. In addition to risk mitigation, the Charity is aware of the need to respond to events beyond Its control that le3d to significant dlsruptlon to the running of the buslness. Accordingly, a Buslnoss Continuity Plan form5 part of the overall risk rnznagement processes and procedures, providing 3n action plan to ensure that the key functions of the Charity will be effectively carried out during any period of disruption. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 15 of 53 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT (Continued) for the year ended 30 June 2022 Trustees, responslbllltles In the preparation of ftnanclal statements The Trustees are responsible for preparing the Trustees, annual report 3nd the financial statetnent5 in accordance with applicable 18w and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practicel. The law appllcable to charities in England and Wales requires the Trustees to prepare flnanclal statements for each financial year which give a true and fair view of the state of affalr5 of the Charity and of the income and expenditure of the Charity for that period. In pr&paring those financial statements, the Trustees are required to.. select SUlt8ble 3ccounting policies and then apply them consistentlv,. observ& the methods and princlple5 in the Charities SORP,. make judgements and accounting estimates that are reasonable and prudent,. state whether applicable 8ccounting standard5 have been followed, subject to any materlal departures disclosed and &xplained in the financial statements,, and prepare the financial staternents on th& going concern basls unles5 It is inappropriate to presume that the Charlty wlll continue in business. The Trustees are respon5Ible for keeping proper accounting records that disclose with reasonable accuracy at any time the finantlal position of the Charity and enable them to ensure that th@ financial Statements comply with the Charities Act 2011, the Charlty (Accounts and Reports) Regulations 2008 and the provisions ol the trust deed. They are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention 3nd detectlon of fraud and other irregu13rities. The Trustees are responsible for the maintenance and integrlty of the corporate and financial Information on the Charity's web51te. Legislation in the Unlted Kingdom governing tho preparatlon and dissemination of financial statements may differ from legislation in other jurisdictions. Audltor M32ars LLP has indicated it5 willingness to continue in offlce. Statement as to dlsclosure of Infoymation to the audltor The Trustees at the date of approval of thls Trustee5' annual report confirm that 50 far a5 each of them is aware. there is no relevant audit information of which the Charity's auditor is unaware, and the Trustees have t3ken all steps that they ought to have taken to make themselve5 aware of 3ny relevant audit information and to establish that the auditor is aware of that information. Hampton Fuel Allotment Charity- Annual Report 30 Jun& 2022 Page 16 of 53 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 30 June 2022 REFERENCE AND ADMINISTRATIVE DETAILS From l July 2021, the following Trustees have held office.. Ex-officio Revd Ben Lovell Nomlnated.. The London Borough of Richmond upon Thames Mr Mark Boyle Ms Geraldine Locke Mr Martin Seymour (Chairman) The Parochial Church Councils of.. St Mary's, Hampton st James's, Hampton Hlll Mrs Hilary Hart Mr Clive Beaumont (until july 20211. Mr Laur&nce Sewell (from November 20211 Mrs Klm Loxton All Salnts, Hampton Co-opted.. Dr James Brockbank Dr Martin Duffv Mr Davld Meggitt Ivice-chalrmanl M5 Adele Kimber Mrs Sharika Sharma The followln8 Trustees served as rnembers of sub-comrnittees during the year ended 30 June 2022.. Flnan¢e and Investment Mr Cllve Beaumont luntil July 20211. Mr Mark 8oyle Dr Martin Ouffy Ichairl Ms Adele Kirnber (until November 20211 Mr David Meggitt Mr Laurence sewell Ifrorn November 20211 Mr Martin Seymour Mrs Sharika Sharma Personnel and Resources Mr Clive Beaumont luntll July 20211. Mrs Hilary Hart Ms Adele Kimber Ms Geraldine Lo¢ke (Chairl Mrs Kim Loxton (from November 20211 Mrs Sharika Sharma Ifrorn November 20211 Indivldual Grants Dr James Brockbank Dr Martin Duffy Ifrorn November 20211 Mrs Hilary Hart Ms Adele Kimber Mrs Klm Loxton Revd Ben Lov@11 (Chairl Mr David Meggitt Mr Martin Seymour Community Grants Mr Clive 8eaumont (until July 20211. Mr Mark Boyle Dr James Bro¢kbank Dr Martin Duffy Mrs Hilary Hart Ichairl Ms Adele Kimber Ms Geraldine Locke Mrs Kim Loxton Rovd Ben Lovell Mr David Meggitt Mr Laurence Sewell Ifrorn November 20211 Mr Martin Seymour Mr5 Sharika Sharma Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 17 of S3 HAMPTON FUEL ALLOTMENTCHARITY TRUSTEES, ANNUAL REPORT Icontlnuedl for the yeai ended 30 June 2022 The principal addre55 of the Charity is tho offlce5 of Hampton Fund, 15 High Street, Hampton, Middlesex TW12 2SA. Hampton Fund is the worklng name for Hampton Fuel Allotment Charity (registered charlty number.. 2117561. For further information, please visit www.harn tonfund.co.uk. The Trustees have made the following professional appointments.. Audltor.. Mazars LLP, 6 Sutton Plaza, Sutton Court Road, Sutton. Surrey SMI 4FS Accountant.. RSM UK Tax 2nd AccountSng Limited, Third Floor, One London Square, Cross Lanes, Guildford, Surrey GUI IUN Principal Banker.. Barclays Bank plc. Barclays 8u51nes5, 8-12 Church Street, Walton On Thames, Surrey Kr12 2QX Investment Advisor.. Mazars Wealth Management, 30 Old Bailey, London EC4M 7AU Investrnent Managers.. UBS AG, 3 Finsbury Avenue, London EC2M 2AN Rathbone Brother5 Plc. I Curzon Streot, London WIJ 5FB Pensions Advisor.. Punter Southall Aspire, 11 Strand. London WC2N SHR The following key senlor member5 of staff are responslble for the day-to-day management of the Charity.. MrDJ White Director Mrs C Swinburne Individual Grants Manager Mrs J Webb Community Grants Manager EXEMPTIONS FROM DISCLOSURE No exemptions from the disclosure requirements applicable to a larger charity have been taken in this Trustees, annual report. FUNDS HELD AS CUSTODIAN Although the Charity would malntain restricted funds to deal with incoming resources that are earmarked for a particular purpose by donors, sponsors, and other lunders, the Charity does not currently hold 3ny funds as Custodian for any third party. Thls report wa5 approved by Trustees on 3 November 2022, and wa5 signed for and on behalf of the Board by Chairman Date.. 3 November 2022 Mr Martln Seym Hampton Fuel Allotment Ch3rity-Annu31 Report 30 June 2022 Page 18 of 53 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY Oplnlon We have audlted the financia1 statements of Hampton Fuel Allotment Charity Ithe 'charity'l for the year ended 30 June 2022, which comprise the Statement of Financial Activlties, the Balance Sheet, the Statement of Cash Flows and the notes to the financl31 statements. including a summzry of 5Ignificant accounting policies. The financial reporting framework that has been appli&d in their preparation is applicable law and United KinEdom Accounting St3ndards, including FRS 102 'The Financial Reporting Standard 3pplicable In the UK and Republlc of Ireland" Iunlted Kingdom Generally Accepted Accountlng Practice). In our opSnlon, the f1nancial statements.. give 3 true and fair view of the state of the chariws affairs at 30 June 2022 and of its Income and expenditure for the year then ended., have been properly prepared In accordance with Unlted Kingdorn Generally Accepted Accounting Practice.. 2nd have been prepared In accordance with the requirement5 of the Charities Act 2011. Basls for oplnion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicablo law. Our responsibilities under those Standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requiretnents that are relevant to our audit of the financial statement5 in tho UK, including the FRC'S Ethlcal Standard and we have fulfilled our other ethic21 respon5ibilitles in accordance wlth thes& requirernents. We believe that the audit evidence we have obtained is sufficient and approprlate to provide a basls for our opinlon. Conclusions relatlng to £olng concern In auditing the financial statements. we have concluded that the Trustees, use of the going concern L7asis of aceounting in the preparation of the financial statements is approprlate. Based on the work we have performed, we have not Identlfled any material uncertainties relating to events or conditions that, individually or collectively. m3y cast significant doubt on the ch3rity'5 abllity to continue a5 a going concern for a period ol at least twelve months from when the financial staternent5 are authorised for Issue. Our responsibilitles and the respon5ibilltles of the Trustees with respect to golng concern are descrlbed in the relevant sections ol thls report. other informatlon The other Information comprises the information Included in the Trustees, Annual Report, other than the financial statements and our auditor's repoTt thereon. The Trustees aro responsible for the other information. Our opinlon on the financial Statements does not cover the other inforrnation and we do not express any form of 8ssurance conclusion thereon. Hampton Fuel Allotment Charlty- Annual Report 30 June 2022 Page 19 of 53 INDEPENDENT AUDITOII'S REPORTTO THE TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY (Continuedl In connection with 0￿r audit of the financial statements. OUT responsibility Is to read the other information and, in doing so, consider whether the other information is m3tÉriall¥ incon51Stent with the financial 5t3tements, or our knowledge obtained in the course of the audit, or otherwise appears to be rnateri311y misstated. If we identlfy such material incons15tencies or apparent rnaterial misstatement5, we are required to determine whether there Is a material misstatement in the financial statements or a material mlsstatement of the other information. If, based on the work we h8ve performed, we conclude that there is a material rnisstatement of thls other information, we are required to report that fact. We have nothing to report in thls regard. Matters on whlch we are requlred to report by exceptlon In light of the knowledge and understanding of the charity and its environment obtained in the course of the 3udit, we have not Identified material mlsstatements in the frustee5' Annual Report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require5 U5 to report to you if, in our opinion.. the information given In the financial statements 15 inconsistent in any material respect with the Trustees, Annual Report,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records,. or we have not received all the Information and explanations we require for our audit. Responslbllitles of Trustees As exp13ined more fully in the Trustee5' responsibilities statement set out on page IS, the Trustees are responsible for the preparation of the financi31 statements and for beinE satisfied that they give a true and fair view, and for Such internal control as the Trustees determine is necessary to enable the preparation of financial Statements that are free from material m155tatement. whether due to fraud or error. In preparing the financlal 5taternents, the Trustees are responsible for assessing the charity's abllSty to continue as a going contern, di5c105ing, as 3pplicable, mztters related to golng concern and uslng the going concern basis of accounting unless the Trustees either intend to1Squidate the charity or to cease operations, or have no realistic alternative but to do so. Audltor's responsibilities for the audit of the financlal statements Our objettive5 are to obtain reasonable a5sur3nce about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorf5 report that include5 our opinion. Re8sonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wlth ISA5 IUKI will always detect a m3t@ri31 mi55tatement when it oxists. Mi5Statements can ar15e from fraud or error and are considered material If. individually or in the aggregate, they could rea50n3bly be expected to influence the economic deci51on5 of users taken on the basis of the fin3ntial statements. The extent to which our procedures are capable of detecting irregularlties, including fr8ud is detailed below. Irregu18rities, includlng fraud, are instances of non-cornpli8nce with laws and regulations. We dosien procedures In line with our responslbS1ities. Outlined above, to detect material m155tatem&nts in respect of Harnpton Fuel Allotment Charity-Annual Report 30 June 2022 Page 20 of 53 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY Icontlnuedl Based on our understanding of the charity and its sector, we considered that non-compliance with the following laws and regulations might h3ve 3 material effect on the financial staternents.. employment rÈgulation. health and safety regulation, anti-money laundering regulation, non-compliance with irnplement3tion ol government support scheme5 relating to COVID-19. To help us identify instances of non-compliance with these laws and regulations. and In identifying and asse55ing the risks of material misstatement in respect to non-compli3nce, our procedure5 included, but were not limited to.. Inquiring of management and, where appropriate, those charged with governance, as to whether the charity is In compliance with laws and regulations. and discussing their policies and procedures regarding compliance with laws and regulations.. Inspecting correspondence, if any, with relevant Ilcensing or regulatory authoritie5,' Cornmunicating identified laws and regu13tion5 to the engagement team and remalning alert to any indication5 of non-compliance throughout our audit,. and Con51dering the risk of acts by the charity which were contrary to appllcable laws and regulations, including fraud. We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax leeis13tion. pension legislation, the Charltles Act 2011 and the Charities Statement of Recornmended Practice. In addition, we evaluated th& trustees, and management's Incentives and opportunities for fraudulent rn3nipulation of the financial statements, including the risk of rnanagement override of ¢ontrols, and determined that the prlncipal risks related to posting rnanual journal entries to manipulate financlal performance, man8gement blas through judgements and assumptions in significant accounting estimates, income recognltlon (which we pinpointed to the cut-off assertionl, and slgnilicant one-off or unusual transactions, Our 3udit procedures in relation to fraud Included but were not limited to.. Making enquirie5 of the trustees and man2gement ori whether they had knowledge of any actual, suspected or 311eged fraud. Gaining an understanding of the Internal controls e5tabllsh@d to mitigate risks related to fraud,. Discussing amongst the engagement team the risks of fraud,. and AddressinE the risks of fraud through rnanagement override of controls by performing journal entry testing. There are inherent limitations in the audit procedures described above and the primary responslbility for the prevention and detectlon of irregularitie5 including fraud rest5 Wlth management. As with any audlt, thero remalned a risk of non-detection of irregularities, as these m8y involve collusion. foTgery, intentional omi551tsns, misrepre5entaiions or the override of internal controls. A further description of our responsibilities lor the audit of the financial statements is located on the Financial Reporting Council's website at www.lrc.or auditor5Tes onsibilities. Th55 description form5 part of our audltor's report. Hampton Fuel Allotment Charity- Annual RepoTt 30 June 2022 Page 21 of 53 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY Icontlnuedl Use of the audlt report This report is made solely to the charity's trustees, as 3 body, In accordance with Part 4 of the Charitios (Accounts and Reportsl Regulatlons 2008. Our audit work has been undertaken so that we rnight state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assurne responsibility to anyone other than the charity and the charity'5 trustees as a body, for our audit work, for thi5 report, or for the opinions we have formed. LLP Ma2ars LLP Chartered Accountants and Statutory Auditor 6 Sutton Plaza, Sutton Court Road, Sutton. Surrey, SMI 4FS Date.. 3 March 2023 Malar5 LLP 15 eligible for appolntment as auditor of the charity by virtue of its eligibility for appolntment as auditor of 3 company under section 1212 of the Cornpanies Act 2006. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 22 of 53 HAMPTON FUEL ALLOTMENT CHARITY STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2022 Unrestricted Endowment funds funds Total 2022 Total 2021 Note5 INCOME AND ENDOWhAENTS FROM.. Donatlons and legacles Donations Funding in support of the oneRichmond initiative.. The National Lottery Community Fund The Harlequins Foundation Charitable actlvities Giving grants Investments Investment income 250 250 2CKJ loo,000 4,100 47,435 47,435 54,966 319.912 1,533,573 1,853,485 1,785,283 TOTAL 367,597 1,533,573 1.901,170 1,944,549 EXPENDITURE ON., Raising funds Investment m3nagement costs Charitable a¢tlvltles Giving grant5 119,6921 194,4QKII 1114,0921 197,7151 13,112.1321 13,112.1321 12,777,5941 TOTAL 13,131.8241 194,4001 13,226,224) 12,875,309) Net Ilossesl/g3ins on investment5 li 1354,6631 11,700,163) 12,054,826) 7,019.747 NET IEXPENDITUREIIINCOME 13,118,890) 1260.9901 13,379,880) 6.088.987 Transfers between funds 2,500,(X)0 12,500,000) NET MOVEMENT IN FUNDS 1618,8901 12,760,990) 13,379,880) 6,088,987 RECONCILIATION OF FUNDS Total funds brought forward at l July 2021 Is 9.843,734 $2,947,511 62,791,245 56.702.258 TOTAL FUNDS CARRIED FORWARD AT30JVNE 2022 15 9,224,844 50,186,521 59,411,365 62,791.245 Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 23 of 53 HAMPTON FUEL ALLOTMENT CHARITY STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2021 Unrestricted Restrlcted Endowment funds fund5 funds Total 2021 Total 2020 Notes INCOME AND ENOOWMENTS FROM.. Donations and legacles Donations Funding ill support of the oneRichmond initlative.. The Natlonal Lottery Comrnunity Fund The Harlequin5 Foundation Charitable activities Giving grants Investments Investment income 200 200 loo,000 4,100 100,OCM) 4.100 54,966 54,966 33,530 230,￿1 1,555,282 1.785,283 1,912,388 TOTAL 285.167 104,100 1,555,282 1,944,549 1.945,918 EXPENDITURE ON: Ralslng funds Investment management costs Charitable actlvltles fjivinE grant5 112,6251 185,0901 197,7151 190,2891 12,673,494) 1104,1001 12,777.5941 12,326,122) TOTAL 12,686,119) 1104.1001 185.0901 12,875,309] 12,416.4111 Net gain51llossesl on investments li 906,951 6,112,796 7,019,747 14,407,556) NET IEXPENDITUREIIINCOME 11,494,001) 7.582,988 6,088,987 14,878.0491 Transfers between funds 2,700.000 I2,700,￿oI NET MOVEMENT IN FUNDS 1,205,999 4,882,988 6,088,987 14,878,049] RECONCILIATION OF FUNDS Total funds brought forward at l July 2020 15 8,637,735 48,064,523 56,702,258 61,580,307 TOTAL FUNDS CARRIED FORWARD AT 30 JUNE 2021 15 9,843.734 52.947,511 62,791,24S 56,702,258 Hampton Fuel Allotment Charlty-Annual Report 30 Jun@ 2022 Pa£e 24 of 53 HAMPTON FUEL ALLOTMENT CHARITY BALANCE SHEET 30 June 2022 Unrestrlcted Endowment funds lunds Total 2022 Total 2021 Notes FIXED ASSETS: Tangible assets Financial investments Social investrnent5 Concessionary loans io li 1,180,632 1,180.632 1,192,110 8.201.740 48,446,992 56,648,732 60,194,473 12 5,CK)O 9,382,372 48,446,992 57,829,364 61,391,583 CURRENT ASSETS: Debtors Czsh at bank and in hand 13 3,252 701,757 349,710 1,389.819 352.962 2,091,576 354,108 1,834.321 705,009 1,739,529 2,444,538 2.188,429 LIABILITIES.. Creditors.. Arnounts falllng duo within one year 14 1862,5371 1862,5371 1788.7671 NET CURRENT ILIABILITIESIIASSETS 1157.S281 1.739,529 I,S82,001 1,399,662 TOTAL NET ASSETS 9,224,844 50,186,521 $9,411,365 62.791,245 THE FUNDS OF THE CHARITY.. Endowment Funds Permanent Endowment Fund Unapplied Total Return Fund Unrestricted Income Funds Gener31 Fund 15 15 50,148,160 50.148,160 48,687,534 38.361 38,361 4,259,977 15 9,224.844 9.224,844 9,843,734 TOTAL CHARITY FUNDS 15 9,224,844 50,186,521 59.411,365 62,791,245 The financial statements on pages 22 to 52 were approved by the Trustees and authorised for Issue on 3 November 2022 and are signed on its behalf by.. ?:r...... Chairman Mr Martin Sey Date.. 3 November 2022 Ch8irrn3n of the Finance and Investment Panel Dr Martin D ffv Date.. 3 November 2022 Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 25 of 53 HAMPTON FUEL ALLOTMENT CHARITY BALANCE SHEET 30 June 2021 Unrestrlcted Restrlcted Endowrnent funds funds funds Total 2021 Total 2020 Notes FIXED ASSETS: Tangible assets Flnancial investments Social investments Concessionary loan5 io li 1,192,110 8,733,278 1,192.110 1.204,628 51,461,195 60.194,473 54,485,582 12 5.000 5,OCM) 23,600 9,930,388 51,461,195 61,391,583 5S.713,810 CURRENT ASSETS: Debtor5 Cash at bank and hand 13 12,302 685,611 341,806 1,148,710 354,108 1,834,321 273.536 1.412,033 697,913 1.490,516 2,188,429 1.685.569 LIABILITIES.. Creditors.. Amount5 f311ing due within one year 14 1784,5671 14,2001 1788,7671 1697,1211 NET CURRENT ILIABILITIESII ASSETS 186,6541 1,486.316 1,399,662 988.448 TOTAL NET ASSETS 9,843.734 52,947.511 62.791,245 56,702,258 THE FUNDS OF THE CHARITY: Endowmenl Funds Permanent Endowment Fund Unapplied Total Return Fund Restricted Income Funds oneRichmond Initiative Fund Unrestricted Income Funds General Fund 15 15 48,687,534 48,687,534 47.506,429 4,259,977 4,259,977 558.094 15 15 9,843,734 9,843,734 8.637,735 TOTAL CHARITY FUNDS 15 9.843.734 52,947,511 62.791,245 56,702,258 Hampton Fuel Allotment Charlty- Annual Report 30 June 2022 Page 26 of 53 HAMPTON FUEL ALLOTMENT CHARITY STATEMENT OF CASH FLOWS for the year ended 30 June 2022 2022 2021 Note5 CASH FLOWS FROM OPEIIATING ACTIVITIES.. Net cash used in operating activities 19 13,080,761) 12,621,209) CASH FLOWS FROM INVESTING ACTIVITIES.. Dividends. interest, and rent5 from investment5 Purchase of property, plant. and equipment Proceeds from sale ol investments Purchase of Investments Repayment5 01 concessionary loans 1.845,581 1,716.471 13,4801 12.4301 5,232,411 7,365,015 13,741,496) 16.054,1591 5,000 18,600 Net cash provlded by investing activltSes 3,338.016 3,043,497 Change in cash and Cash equivalents in the reporting period 257,255 422,288 Cash and cash equivalents at the beglnninE of the reportSng period 1,834,321 1,412,033 CASH ANDCASH EQUIVALENTSATTHE END OF THE REPORTING PERIOD 20 2,091,576 1,834,321 Hampton Fuel Allotment Charity-Annual Report 30 June 2022 Page 27 of 53 HAMPTON FUEL ALLOTMÉNT CHARITY NOTES TO THE FINANCIAL STATEMENTS for the yeai ended 30 June 2022 ACCOUNTING POLICIES 8asls of a￿oUntIng These financial statements h3ve been prepared in accordance with FRS 102 "The Financial Reportlng Standard applic3ble in the UK and Republic of Ireland" and under the historical cost convention, except a5 modified for the annual revaluation of flxed a55et investments. Within the definitions of FRS 102, the Charity is a public beneflt entitv. The financial 5t8temeNts have also been prepared in accordance with the accounting policies set out in more detail below, to comply with the Ch8ritV'S Eovernin8 document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charltles preparing their accounts in accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Golng concern The global economy has been significantly impacted by the COVID-19 pandemic, war in the Ukraine, spike in energy prices 3nd high levels of inflation. This will be a challenging time for our Trustee5 and Investment Managers. However, the Trustees have considered the future likely cash flows for the Charity covering a period of at least twelve months from the date of approval of these financial statements, and they are confSdent that sufficient fundlng Is available to support the on-going activitie5 of the Charity. The financial statemÈnt5 have therefore been prepared on a going concern basis. The financial statoments do not include any adjustments that would result should the going concern basis of proparatlon not be appropriate. In the event that this basis Is not appropriate provlslons mav bÈ requlred and assets may need to be written down to their recoverable amount. Income General donations and other similar type5 of volunt8ry income are brought into account when receivable and donated income is intluded gr055 01 any attributable tax recoverable, where relevant. Donatlons given for specific purp05e5 are treated as restricted income. Investment income is accounted for on a receivable basis once the dividend h8s been declared or the interest has been earned. Income recelvable from charitable activities is recognised as income when earned by the Charity. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 PaEe 28 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTÉS TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2022 ACCOUNTING POLICIES Icontlnuedl Expenditure All expenditure Is accounted for on 3n accruals basls and is allocated to the Charity's principal act5vitv where the costs can be identified as being directly related to that 8Ctivity. All costs that cannot be identified as relatine directly to the Charity'5 principal activity 3re cateoorisod as either support costs or governance cost5. Any costs that cannot be Specifically ¢ategorised are allocated in proportions based upon a suitable ratio applicable to the nature of the c05t Involved. Governance costs are the costs assoclated in running the Charity as 3 United Kingdom charitable company and specifically include the costs of the extern31 audit. Grants payable are recognised in the perlod in which the approved offer is conveyed to the recipient except in those ca5e5 where the offer is conditional, such grants being recognised only when the conditions attaching to the award are fulfilled. Grant5 offered subject to conditions, which have not been met at the balan¢0 sheet d3te, are noted as a potential comtnltment, but are not treated as a Tanglble flxed assets All tangible as5et5 purchased th3t have an expected useful econornic Ilfe that exceeds one year are capit31ised and cla55ified a5 tangible fixed asset5. TanElble fixed asset5 are 5t8ted at historical c05t less depreciation. Depreciation is provided on all tangible fixed a55ets, other than freehold land, at rates calculated to write each asset down to Its estlmated residual value over its expected useful life, as follows: Freehold 3nd lorig leasehold property Flxtures, fittings, and equipment 2% straight line 25% reduclng balance Financial investments The Charity's investrnents are Included in the balance she@t at fair value Ithelr market value). The gains or losses 3rising upon thelr annual revaluation are included in the statement of financial Soclal Investments The Charity's social inve5trnents are comprised entirely ol concessionary loans. Concessionary 103n5 are initlally recognised and measured at the amount loaned to the beneficiary involved, with the carrying amount adjusted In subsequent years to reflect rep8yMent5 and any accrued interest that may be relevant. If there 15 objective evidence of impairment in relation to any contessionary loan, 3n impairment loss is immediately recogni5ed in the statement of flnanci31 activities. and thereafter, a revers31 of part or all of the impairment will be recognlsed through the Statement of financial activitles If the b&neficiarVs circumstances improve. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Paze 29 of $3 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2022 ACCOUNTING POLICIES (Continuedl Flnanclal Instruments A financial instrument is a contract that gives rise to a financial asset of one entity and a financlal liability or equity Instrument of another entity. Financial instruments are thÈrofore classified and accounted for according to the substance of the contr3ctU81 arrangement as financial assets, fin3ncial liabilities, or equity instruments. An equity instrurn@nt is any contract that evid@n¢es a re51dual interest in the assets of the entity after deducting all of Its1Sabilities. Flnancizl assets and Ilabllltles The Charity's debtors and creditor5 that meet the definition of elther a flnancial asset or a financlal liability are initially recogni5ed at the transaction value and thereafter are stated at amortised cost using the effective interest method. Pension contrlbutlons The Charity makes contributlons into defined contribution pension Schemes on behalf of certaln employees. The 2$5ets of the schemes are held separately frorn those of the Charity in independently administered funds. The amount charEed to the statement of financial activities in respect of pension Costs is the total contrlbutlons payat>le for the year. Fund accountlng The general fund comprises the accumulated surplu5e5 of unrestricted income over eKpenditure, which are available for use in furtherance ol the general objectives of the Charitv. Restricted funds are funds Subject to specifit Conditions Imposed by donors. The purpose and use of th& restricted funds are Set out in thÉ notes to the linaricial statements. Aniounts unspent at the year end are c3rried forward in the balance sheet. The permanent endowment fund 15 a specific type of restricted fund. which cannot be spent as income. Instead, the funds must be held permanently to produce a return for the Charity. The Unapplied Total Return Fund comprise5 that part of the total return the Charity's permanent endowment investment5 which has not yet been allocated by the Trustees to either the Eeneral fund or tho permanent endowment fund. It can be carried forward if not needed or allocated to be Spent as Income or reinvested in the permanent endowment fund in a particular year. Hampton Fuel Allotment Charlty- Annu31 Report 30 June 2022 Page 30 ot 53 HAMPTON FUEL ALLOTMENT CHARITY NOTE5 TO THE FINANCIAL STATEMENT5 Icontlnuedl forthe year ended 30 June 2022 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Charity's accountlng policies, the Tru5tee5 are required to make judgement5, estimates and as5ufTlPtions about the carrying amount of assets and liabilities that are not readilv apparent from other Sources. The estimates and underlying assumptions are b35ed on historic31 experience and other factors th3t are considered to be relevant. Actual results may differ from these estimates. The estimates ènd underlying assumption5 are revlewed on an ongoing basls. Revisions to 3ccountinB estimates are recognised in the period in which the e5tirnate Is revised if the revision affeets only that period. or in the period of the revision and future periods if the revislon affocts both current and future period5. There were no Specific judgements, estimates and assumptions that were critScal to the preparation of these financial statements. INCOME FAOM GIVING GRANTS 2022 2021 Service income received from The London Borough of Richmond upon Thames Income for the oneRichmond inltlative from Rlchmond Parish Lands Charity Rental income recelved in respect of 24 Ringwood Way 14,005 21,722 10,444 22,800 33,430 47,435 54.966 INCOME FROM INVESTMENTS 2022 2021 Arising upon the Charity's Ilsted investment portfolio. Income from s@curities- UBS portfollo Income from unit trusts- Rathbones portfolio 929,150 924,257 901,834 882.361 1,853,407 1,784,195 Arising upon cash held.. Interest ori c8sh dep051t5 78 1,088 1,853,485 1,785,283 Hampton Fuel Allotment Charlty- Annu31 Report 30 June 2022 Page 31 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) foi the year ended 30 June 2022 EXPENDITURE ON GIVING GRANTS 2022 2021 Grarits payable Inote 61 Costs of the oneRichmond Initiative Support and governance cost5 (note 81 2,725,052 2,405,341 14,996 27.865 372.084 344,388 3,112,132 2.777,594 GRANTS PAYABLE 2022 2021 Gr2nts awarded In the year Inote 71 Conditional grants awarded in previous years where condition5 fulfilled (note 171 2.726.052 2,42S,976 34,000 28,000 2,760,052 2,453,976 Grants no longer required.. St. Augustine'5 Community Care Trust YMCA St. Paul's Group Grant refunded by Marble Hill Playcentres Refunded grant re555ued to OK Music Trust Conditional gr3ntS 8W3rded in the year where conditions not yet fulfilled Inote 171 135.0001 114,6351 16,7361 6,736 134.0001 2,725,052 2,405,341 Hampton Fuel Allotm&nt Charity- Annual Report 30 June 2022 Page 32 of $3 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) forthe year ended 30 June 2022 GRANTS AWARDED IN THEYEAR 2022 2021 Gmnt Giving- Indlvlduol Grunts Fuel grants- 1,929 grants12020121.. 1,847 grantsl Less.. Fuel grant refunds Essential items and furniture School journey grants- 105 gr8nt512020121.. 29 grants) School uniform grant5- 76 grant$12020121.. 53 grantsl Disability grants 1,080,449 14,4871 67,531 15,669 13.400 1,440 897.730 13,9621 64,412 3,796 5,3(KJ 1,174,002 967,276 Grunt 61vlng- Communtity Grunts Advice, Advocacy and Outreach Art5. Sports and Recreation Carers Chlldren and Young People Community Activities 73,500 68,000 193,400 256.500 99,000 344.250 49,100 198,800 45,000 196,500 28,000 156,500 6,000 159,100 174,800 109,100 295,200 57,000 195,500 50,000 131.400 20,000 Educatlon Health and Wellbeing Housing and Homelessness Older People other 1,552,050 1.354.600 oneRlchmond initiative grants 104,100 Total grants awarded in the year 2,726,052 2,425,976 See note 16 for a more detailed analysis of community £rant$ awarded in the year. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 33 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 SUPPORT AND GOVERNANCE COSTS Support Governance 05ts costs Total 2022 Total 2021 Staff costs Inote 91 (91%..9%1 Ground rent, rate5, light, heat, and ropalrs Roof repair5 at 24 Ringwood Wav Insurance Computer and web51te costs stationery. postage. telephone, travelling and sundry Accountancy fees Auditorfs remuneration.. Auditor's fees for audit services Investment advisory sÈrvl¢e5 Legal and professional fees Depreciation 209.679 4,071 13,000 2.456 7,872 20,737 230.416 4,071 13,(KlO 2.456 7.872 223,172 3,976 2,044 16,160 10.668 47,S20 10,668 47,520 7,386 47.160 14,744 14,744 23,138 3,241 14,958 12.905 7,200 9,437 14,948 23,138 3,241 14,958 336,603 35,481 372,084 344,388 Governance costs are the costs associated In running the charity as a United Kingdom charltable company and speciflcally include the c05t5 of the external audit. STAFF COSTS 2022 2021 The average rnonthly numb@r of employees (excluding Trustee51 during the year was.. Office and adminlstration No. Staff costs for the above persons.. Wages and s313ries Social securitv C05t5 Staff pension costs Other staff costs 195.631 20,038 14,736 li 193,631 15,361 13,900 280 230,416 223,172 During the y&ar, one employee received total emolurnents of b&tw&en £70,001 and £80,00012020121.. one betwÈon £60,001 and £70,000). In respect of that employee, total pension contribution5 payable durlng the year amounted to £5,713 12020121.. £5,547). The total amount of employee benefits, Including employer's national insurance contribution5, received by key managernent personnel for their services to the Charity amounted to £195.30612020121.. £190,145). The Trustees recelved no remuneration 12020121.. ENill for their services provlded to the Charity and did not claim for any expenses incurred on behalf of the Charity during the current or previou5 year. Other than in respect of the Trustees, the Charity is not rÈliant upon the contribution of volunteer5. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 34 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTE5 TO THE FINANCIAL STATEMENT5 Icontlnuedl for the year ended 30 June 2022 io. TANGIBLE FIXED ASSETS Freehold land and bulldlngs Long Flxtures, leasehold fittings and property equlpment TOTAL Cost- l July 2021 Additions 1,102,582 254.866 105,223 3,480 1,462,671 3,480 30 June 2022 1.102,582 254,866 108,703 1,466,151 Depreciation.. I july 2021 Charged in rhe year 12,779 6,406 162,899 5.097 94.883 3,455 270,561 14,958 30 June 2022 19,185 167,996 98,338 285.519 Net book value.. 30 June 2022 1,083,397 86.870 10,365 1,180,632 30 June 2021 1,089.803 91,967 10.340 1,192,110 During 2018119, the Charity acquired the freehold of a 4-bedroom resldentlal property at 24 Ringwood Way, Hampton Hill. which it refurbished for a total cost of £638,606 8nd then leased to Spear Housing Association Limited to be managed for the benefit of formerly horneless people transitioning back Into the community. The land olement of this property with a historic31 c05t of £321,000 is not being depreciated, but the rernainlng building element is being depreciated on 3 2% per annum straight line ba5[5 wlth effect from 2019120 onwards. The Charity is the legal owner of the freehold land on which building projects have been undertaken. Grant funding to cover the costs of the building projects Was included in charitable expenditure in the years in which the expenditure was incurred. Detai15 01 the land and the recipients of the grants are as follow5.. Land Reclplent of grant Land at School Road. Hampton Hill Hampton and Hampton Hill Comrnunlty Care Group 235,973 Land at Oak Avenue. Hampton Richrnond upon Thames Churches Houslng Trust 165,309 Land at Princes Road. Teddlngton Richmond upon Thames Churche5 Hou51ng Trust 60,000 461,282 In @ach case, the recipSeTrt5 of the grants also benefit orn a contlnuing basis from operatlng rent free in these propertles. The property values are historlc values. Harnpton Fuel Allotment Charity- Annual Report 30 June 2022 Page 35 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended ao June 2022 io. TANGIBLE FIXED ASSETS (Continued) The long leasehold property represents the Charitws office at 15 Hlgh Street, Hampton. Belowls a table listing all the Charity's property interests.. LEGAL OWNER OF FREEHOLD LAND AND PROPERTIES l. The Greenwood Centre, Hampton Hlll The property is leased rent free to Hampton and Hampton Hill Community Care Group. It is 3 99- ve3r lease cornmenclng 25 March 1991 (Land Registry Tltle Numbers.. TGLS7123 and MX2484831. The registered leasehold interest was transferred to the limited company Hampton & Hampton Hill Voluntary Care (company registration number.. 064318821 on 26 October 2021 (Land Registry Title Number TGL818321. 2. Oak Avenuelmaple Close, Hampton There are 8 bungalows on tho site. The properties are le35ed rent free to Richmond upon Thames Churches Housing Trust for 99 year5, commencing 23 May 1991. Richmond upon Thame5 Churches Housing Trust is now part of Paragon Asra Housing ILand Registry Title Number TGL615171. 3. 44 and 46 Prlnces R03d/Branksome Close Teddlngton There are 4 one-bedroom homes for disabled people. The properties are leased rent free to Richmond upon Thames Churche5 Housing Trust for 99 years, commenclng 29 September 1996. Richmond upon Thame5 Churche5 Housing Trust is now part of Paragon Asra Housing. Land Registry Tltle Nurnber MX101444144 Printes Roadl Land Registry Title Number SGL168336146 Princes Ro3dl 4. 24 Rlngwood Wayi Hampton Hlll The property was purchased in October 2018 for E575,000. (Land Registry Title Nurnber,. MX4165141 The property has been l@asod to Spear Housing As50C18tion Limited for 6 year5 from June 2019. LEASEHOLD 5. Offlte at 15 High Street, Hampton, TW12 25A 999-year lease from 29 September 1988. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 36 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 io. TANGIBLE FIXED ASSETS Icontlnuedl ADDITIONAL PROPERTY INTERESYS 6. The Whlte House, The Avenue, Hampton The Charity provided a grant of £1.29 million to fund the construction of a community centre. There Was 3 long-term lease between the Trustees of Hampton on Thames Community Association and the local authority, who are the owners of the land, but the lease was surrendered in September 2020. The local authority will be worklng with other stakoholder5 to identlfy an appropriate organisation to manage the community centre with a long-terrn lease. The original lease was for 125 years from 15 January 1993. In the event that the building close5 or 15 used for non-communltv use, the Charity Is entitled to compensation. Details are Set out in the 1993 Deed between the Charlty and th& local zuthority. The Trustees conslder that the 1993 Deed is no longer 'fit for purpose,. particularly following the surrender of the long-term lease, and are keen to negotiate a new Deed with the local authoritv. 7. Property at 20 Seymour Road, Hampton Wick In 1991, the Ch3rity provided a erant of £220,500 to Richmond upon Thames Churche5 Housing Trust (now part of Paragon Asr3 Housing) to convert a property into 4 self-contained flats for highlv vulnerable people. If the current property IS sold or Is used outside the purposes for which the grant was made Ithat being support for highly vulner3ble peop1el, the Charity 15 elltitled to the original grant or 54.5% of the salo, whichever 15 greater. There is a new leg21 agreement between the Charlty and Paragon A5ra HouslnE signed in 2019,. and a charge ha5 been placed on the property (Title number MX134751. 8. All Weather sports Pitch at Hampton Academv Funding of £375,000 was provided to the local authority for an all-weather sports pitch for the then Rectory School Hampton. The funding is repayable if the covenants are broken within 60 years. Updated Trust Deed dated 19 August 2010, expiry d3te 30 April 2051. 9. Property at 26 The Green, Twickenham Funding of £IOO,000 wa5 provided in 1997 to Richmond-Upon-Tharnes Welcare, later transferred to Southwark Diocesan Welc3re. There is a charge on the property in favour of the Charity. If the property is sold within 25 years, the Charity Is to receive five elevenths of the proceeds of the sale. 10. United Reformed Church, Hampton Hlll Grant award of £290,000 for community centre. Agreement between th@ Charity and the Unlted Reformed Church (Southern Provincel Trust Ltd dated 9 February 1996. The Agreement states that if the church ceases to occupy the building or it is no longer used lor community use, the grant is to be repaid, reducing £5.000 for each ye3r that the community centre has been used by the church. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 PaEe 37 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTÉS TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2022 io. TANGIBLE FIXED ASSETS Icontlnuedl ADDITIONAL PROPERTY INTERESTS Icontinueill 11. Metropolitan Water Boaid Club and Instltute, 3 Ashley Road, Hampton Gr3rit aw3rded to Metropolitan Water Board Club of £120,000 for major refurbishment work. If the owner c105e5 andlor sells the property. the gr8nt is to be repaid. Agreement dated 27 February 2006. Theie is a charge on the property dated 25 June 2008 in favour of the Charity (Tltle Number SGL2225981. 12. Twickenham Rowlng Club A loan of £50,000 was awarded In 2011, repayable over 10 years. There is 8 legal charee on the property in favour of the Charity (Title Number TGL3507811. At 30 June 2022, the amount outstandinE 15 ENil130 June 2021.. É5,0001. ii. FINANCIAL INVESTMENTS 202Z 2021 Investment listed on a recognlsed stock exchange at market value.. Market value at l Julv Purchases at cost Sale proceeds Realised gainslllossesl on investments Unrealised11055esl/gains on investments 60,194,473 54,485,582 3.741,496 6,054,159 15,232,411) 17,365,015) 302,603 321.098 12.357.429) 6,698,649 Market value at 30 June 56,648.732 60,194,473 At the balance sheet date, the market value of the portfolio comprised- UK investments Ov&rse3s investments 53,648,336 57,218.854 3,000,396 2,975,619 56,648,732 60.194,473 Hampton Fuel Allotment Charlty- Annu31 Report 30 June 2022 PaEe 38 of S3 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontbnuedl for the year ended 30 June 2022 ii. FINANCIAL INVESTMENTS Icontlnuedl 2022 2021 At the balance sheet date, the market value of the portfolio comprised.. Unit tlU5t funds Equities Money Market deposits 33.312,777 35,968,646 23,057,677 23,947,549 278,278 278.278 56,648,732 60,194,473 The hSstor1cal cost of investments at the balance Sheet date was £51,448,050 130 June 2021.. £52,134.3461. Individual holdings representing rnore than S% of the market value of the poitlollo at the balance sheet date 3re as follows.. 2022 2021 Rathbone Active Income & Growth Units- 22.574,172.00 units130 June 2021., 23,024,822.21 units) The Charities Property Fund Income Units 2,174,707.219 units130 June 2021.. 2,174,707.219 units) 30,062,025 33,224,818 3,250,752 2.743.828 12. SOCIAL INVESTMENTS 2022 2021 Conce551onary loans: Interest free loans 5,000 13. DEBTORS 2022 2021 Amounts falling due within one year.. Other debtors- AmoLJnts due from Richmond Parish Lands Charity relating to the oneRi£hmond init13tive Prepayment and accrued income 10,444 343,664 352,962 352,962 354.108 Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 39 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 14. CREDITORS 2022 2021 Amounts falling due within one year.. Other creditors- Amounts owed to Richmond Parlsh Land5 Charitv relating to the oneRichmond initiative So¢lal security and taxation Pension contributlOM5 payable Accruals 10,000 4.494 1,761 772,512 12,304 1,814 848.419 862,537 788,767 Commitments The Tru5tee5 h3ve authorised Certain grants and loans whlch are Subject to the reclplent fulfilling specific conditions, The total amount authorised, but not accrued as expenditure at 30 June 2022, was £Nil130 June 2021.. £34.0001. Full details are given in note 17. 15. THE FUNDS OF THE CHARITY Transfers between funds l Julv 2021 Losses on Income Expenditure Investments 30 June 2022 Endowment Funds: Permanent Endowment Fund Unapplied Total Return Fund 48,687,534 1,460,626 50,148,160 4,259,977 1,533,573 194,4001 11.700,1631 13,960,626) 38,361 52,947,511 1,533,573 I94.4￿) 11,700,1631 12.500,0001 50,186,521 Unrestrlcted Income Funds.. General Fund 9,843,734 367,597 13,131,8241 1354,6631 2,500,000 9,224.844 62,791,245 1,901,170 13,226,224) 12,054,826> 59,411,365 Hampton Fuel Allotment Charity-Annual Report 30 June 2022 Page 40 of S3 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continuedl for the year ended 30 June 2022 15. THE FUNDS OF THE CHARITY Icontlnuedl The Permanent Endowment Fund was established 1988 when the Charity disposed of the freehold land granted following the 1811 Enc105ure Act. As a permanent endowment fund, the assets cannot be directly applied to cover charitable expenditure, but income derived theiefrom Can be treated as unrostricted at the dlscretion of the Truste&s and can thÈn be used in accordance with the charitable objects. Under the powers Eranted to thern by section 104AI21 of the Charlties Act 2011. the Trustees have adopted a Total Return approach to the rnanaEement of the Permanent Endowment Fund. Included within the Permanent Endowment Fund are net unre31ised gains arising on the revaluation of investments totalling £4,447,715130 June 2021.. £6,519,331). The Unapplied Total Return Fund comprlses that part of the total return on the Charity's permanent ondowment investments which has not yet been allocated by the Trustees to either the Gener31 Fund or the Perm8nent Endowment Fund. It can be carried forward if not needed or alloc8ted to be spent as income or reinvested in the Permanent Endowment Fund in a particu18r year. Included within the Unapplied Total Return Fund are net unreali5ed galns arising on the revaluation of investment5 totalllng £Nil130 June 2021.. £371,397). The oneRichrnond Imitlative Fund was set-up during the year to account for the specific funding received for this project, Including a National Lottery Grznt. Relevant expendlture is applied to this fund as incurred. The General Fund compri5e5 those funds which the Trustee5 are IrÈe to Use in accordance with the charitable objectlves. Included withln the General Fund are net unrealised gain5 arlsing on the rev31uation of investments totalling £752,967130 June 2021.. £1,169,399). For the year ended 30 lune 2022. the Trustees took the decision to transfor £1,460.626 12020121.. £1,181.1051 from the Unapplied Total Return Fund to the Permanent Endowment Fund, and to transfer £2.$00,00012020121.. £2.7(10,0001 from the Unapplied Total Return Fund to the General Fund. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 41 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 15. THE FUNDS OF THE CHARITY (Continuedl Tianslers between funds l July 2020 Gains on Income E¥pendlture investment5 30 June 2021 Endowment Funds.. Permanent Endowment Fund Unapplied Total Return Fund 47,506.429 1,181.105 48,687,534 558,094 1,555.282 185,0901 6.112,796 13,881,105) 4,259,977 48,064,523 1,5SS,282 185,0901 6,112,796 12,700,000] 52.947,511 Restricted Income Funds oneRichmond Initiatlve Fund 104,100 1104.1001 Unrestricted Income Funds.. General Fund 8,637,735 285,167 12,686,119) 906,951 2,700,000 9,843,734 56,702,258 1,944.549 12,875,309) 7,019,747 62,791,245 Hampton Fuel Allotment Charlty-Annual Report 30 June 2022 Page 42 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR 2022 Advlce, Advocacy and Outreach Richmond Cltizens Advice Bureau Service To cover thefull costs of the outreach service ot the White House13 days}, ond a contribution to the stujying costs ond rentfor the Hampton Ilill Office. Thls willsupport informotion, udvice and coseworkfor oround 2.200 people in ouroreo of benefit. 65,000 TW Money Advlce Service ITWMASI Contrlbution towards solury costsfor a port-time Manager andAdvice Worker to sijpport 26people ourorea of benefit. 8,500 Total Awarded for Advice, Advocacy and Outreach 73,500 Afts. Sport5 and Recreation Busen Martial Arts and Sports Trust Contribution towards the cost of the sprungfloor und m¢itsfor the new Busen Centre in Fulwell, providing 5PQrts ond well-being opportunitiesfvr children, young people ond local residents in our area of beneflt. S0,0(K) Orange Tree Theatre Contribution towards the costs of the Oronge Tree Communityprogromme reaching 1,250 young people odults in Our area of beneAit. The progrumme includes education outreach and communlty projects. 18,0(KJ Totsl Awarded for Arts, Sports and Recreation 68,000 Carers Richmond Carers Centre Contribution toward5 501orycosts of 2 Adult Ctsrer5 Support Worker5 providing advice, informotion and support to 90Q corers in our areo of beneflt. 49,400 Richmond Carers Centre Solory costs to provide mentoring siJpportAoryoung carers. 31,OQK) Richmond upon Thames Crossroads Care Contribution towords the running costs of the Curers Cofe 50x 2.5-hourse55lons run ut the Hompton Hill Theotre. Supporting 60 carer5 ond cared-for tsnd reducirjg isol(Jtion and loneline55. 5.000 Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 43 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR Icontinuedl 2022 Richmond upon Thames Cr0$5roads Care Contribution towords costs of providing l..1 re5Plte care1£23,0(￿) ondsoturdoy Club/Time Out Project {£15,0(POlforyoungpeople ond re5Plteforporent/corers in our oreo of benefit. 38,CKJO Richmond upon Thames Crossroads Care Contribution towards the cost5 of the Men Who Cure project to support up to 40 mole carers andcored-Ior In our orea olbenefit. iO,(MJO Richmond upon Thame5 Crossroads Care 1,200 odditionolre5plte hoursfor up to 135 curers undcored-for irj our oreu of benefit. 30,000 Richmond upon Thames Crossroad C2re Young corers Intensive support progrumrnefor up to 10 young people with complex needs. 30.000 Total Awarded foy Carers 193,400 Children and Young People Hampton Hill Junior School Contribution towards the Ploce28e mentul heulth proorumme. improving the emotional wellbging of children undstoff, andproviding specialist counselling supportforpupils, porent5 undstoff. 14,600 Home-start Richmond, Kingston and Hounslow Contribution toward5 salury costs 012 Fan7ilySupport Coordinators. 35,000 The Horse Rangers A$50cI3tion (Hampton Courtl Limited Contribution toword5 the costs of provitling riding lessoft)s ondexperierjces to 5 young people with disabilities ond 3 young pEoplÉfrom low-incomelomiliesfrom our orea of benefit. 12,900 LVA Trust Cttntribtstion towords salcFfy costs to support LVA progrumme in s¢hoo15 youth settings in our oreu of benefitplu5 the coordination of the Youth Workers Hub. 30,600 Man&8ov Contribution toward55UPPOrting 7 men ond 7 boysfrom vulnerablefamilies to participate in the M(Fn&Boy comps, attivltles events to improvefamily relotionship5. 8,1I)O MID Mediation and Counselling Ltd. Contribution towords Famlly Bridges sessions, Adult Counselling ond core costs to support 36 people it) our areu of benefit. 9,000 Hampton Fuel Allotment Charity- Annu21 Report 30 June 2022 Page 44 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR Icontlnuedl 2022 MTV Youth Hampton Contribution towards salary costs of Leod Youth Worker, Children's Workerontl Chlldren t7nd Young PersJn Support Worker. 26,600 Off The Record (Twickenhaml To continue the Support of three odditionulsotellite coun5elling services. benellrlng 52 young peoplefrom our urea of benefit. 21,600 OK Music Trust Contribution towords the costs of the OKMusicSchool provldinG¢ le5sonsfor32 young people In ouroreu of beneslt. 15.000 OK Music Trust Contributlon to sulary cost5for Operotions Coor(Ilnator Director to support strategic development of the chority andbuildpartnerships with other community organisotion5. 10,000 PCC St. Richard's Church, Hanworth Contribution towards the solory c05t5for the port-tffjme Children's und Famllles. Worker. 5,000 Pictologue Speech ond longuuge ploy theropy supportfor children with additional needsfrom our urea of beA)ellr. The project will be delivered in partnership with Skylarks. io,cx)o Purple Elephant Project Contribution towards core costsfor CEO solury and theropeutic se55ionslor27 children in ourareo of benefit. 19,800 Richmond upon Thames Performing Arts Festival Contribution towords costs of running thefe5tivolproviéing performonce und competition opportunitiesforyoung people in LBRUT. Festivul rettjrnlng tofoce-to-fuce performunces in 2022. 2,500 Riverbank Trust Contribution toward5 Salary costsfor a Support Worker to support 15 vulnerable familie5 the WhiÈton and Heuthfield oreo. 8,700 The Wild Mind Project Contribution towards the costs of the Wild Mind ProJect/OK Music Trust to provide 2 group eorly intervention emotionol ond mentul wellbeing supportfor20 young people 16-25. 1 of the groups will be specificallyforyoung people who identifya5 LGBTQ. 8,400 Twickenham Sea Cadets Contribution towords the costs olPhose 2 of the work to renew ond repoir the sllpwiyv. 3,800 Hampton Fuel Allotment Charity- Annual Report 30June 2022 PaEe 45 of $3 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR Icontlnuedl 2022 Voices of Hope Contribution towards the Brite 8oxfoodprojectfor 46fomilies in our oreo olbenefit. 15,000 Total Awarded for Chlldren and Young People 256,500 Communlty Actlvitie5 Churches Together in Teddington Chrisrmo5 Day lunch ond actlvltie5for85 vulneroble adult5 in ouroreo of benefjt. 900 ETNA Comrnunity Centre Contributlon towards improvlng outside spoce Including awning, windsensors and instollotlon C05t5. 10,400 Food for Thought Heathfield CIC CommunityprojECt provicling surplusfood to addressfood poverty in the Heathlield ond Whitton oreas. Curref)tly supporting 75fomilies and individuals ot twice weeklysessions. s.000 Hampton & Hampton Hill Voluntary Care Group Contribution towards solories and running costs. ro supportservicesfor up to 3QO older ond vulnerable clients in our olbenelit. 40,2(K) RAKAT CT Ltd Contribution towordssolaryc05t5forkeystaff to provide Community Transport services for Community organisotions providinG¢senJlce5 andactivities in our of benefit. 12,500 RAKAT CT Ltd Contribution towards the purchase of a new minibusfor the RAKA T Community Trun5POrt fleet of vehicles. 22,000 The Vineyard Community Centre Contribution towards thÉ running c05t5 of on English course (yndsupport and Cuse work lor ilkrainian refugees our area of benefit (about 200peoplg). 8,(HJO Total Awarded for Community Actlvltles 99,000 Dlsability ADHO Embrace Contribution towurd5 core solorycosts. 12.000 Hampton Fuel Allotment Charity- Annual Report 30 lune 2022 Page 46 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENYS Icontinuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR Icontinuedl 2022 Int&grated NeurologScal Services Contribution towords salary costs of Rehabilitation Team to support up to 134 clients in our areo of benefit 26,500 Middlesex Association for the Bllnd Contribution towords the costs of the Home Visitlng Service (tnd where required Ropid Response Courjselling Service in Richmond sUPPOrting 18 visuolly impoiredpeople in our area of benelit. 9.450 Richmond Advice & Information on Dlsability IRAIDI Contribution towordssolorycostsformoney Advice projectproviding advice. inlormtrrion und support to 130 disubled people onrl corers in ourareo of benefjt. 24.000 Rlchmond Advice & Information on Disability IRAIDI Contributlon towords core c05t5 Including solaries of the C80 ond Finorjce OJTicer. 30,000 Richmond Advice & Information on Disability IRAIDI Contribution tOW(7rds salury costs of Counselling Supervisor. Counselling servlce supporting up to 53 peoplefrom ourorea of benefit. 10,000 Richmond Mencap Contribution toward5 weekendondsummei holidoy doy tripsfor up to 37 children and young peoplelrom our oreo of benefit with special educationol needs ond di5obillties lugedS to 171 with the aim of improving confidence andindependence. 12,200 Richmond Mencap Contribution towards the costs of the Holiday Opportunities Progrummefor 60young odults with learning disobilAties. 12,000 Richmond M@ncap Contribution towords core salarycosts Jor the key staff team supporting up to 600 udijlts andyoung people with learning difAicultie5 ond thgirfumilie5 in ourareo of benefit. 20,000 Richrnond User5 Independent Living Scheme IRUILSI Contribution towurd5 the costs of the FriendBee befriending service to support33 young people with disabilities living in our urea olberjefit. 8,000 Richmond Users Independent Llving Scheme IRUILSI Contribution towords the salorie5 und tssso¢ioted costsfor2 port-time Fomily Support workers. The Farnily Matters projectSUPPQrts around 140fumilie5 wlth disabled children. 28,300 Richmond Users Independent LivlnE Scheme IRUILSI Contribution toward5 the s(71rJry und 0550ClQted costsIor the SEND Advisorsupporting about 134f¢ymilies in our urea of benefit. 30.000 Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 47 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 16. GRANT5 AWARDED IN THE YEAR Icontlnuedl 2022 Skylark5 Towards the solory of the Development Monoger ond runnlng costs, supporting the chority to providE o range of services onrl octivitles to help around 225 childrÉn wlth additional neec15 anddi5abilities theirfamily/corer) within ourorea of benefit. 25,000 Skylarks Tow(Trd5 the salary costsfvr the SEND Advitt Munu9er {30 hours) tsndpart of the SEND Advice Service supporting over2(K)families In our oreo of benefit. 20,000 TAG Youth Club for Disabled Young People Contribution to solarie5 und running costsfor TAG activities. clubs. duy trips residentiols5lJPPOrting up to 97young pecple in ourareo olbenefit. 15.000 The Auriga Academy Trust Toward5 the c05t of u new minibu5 thot will benefitpupils with oddltional rjeeds. 19,300 The People Hive Ilormerly RHLTI Contributlon towards core solary ¢ost5 to SLlPPOrt 133 young people with leorning difficulties ouroreo of benefit. 30,000 Visually Impaired Society Of Richmond IVISORI Corjtribution towords the costs of u VISOR orgunised holldoy in Devonfor5 visuolly impt7iredpeoplefrom our areo olbenefit. 2,500 Total Awarded for Dlsability 344,250 Educatlon Learn English At Home Contribution toward5 core costs to provlde l..1 and group ESOL tuition and5UPPOrt In ourureu of benefit. 15.600 Richmond EAL Friendship Group Centre Contrlbution towurds the running costs of ESOL tuition ontl EAL FrNendship group ond octivities in Whitton. 7,500 Richmond Music Trust Contribution toward5 subsidisetl music tuitlon 5chemefor up to 100 children and young people LTttending schools in ourareu of benefit. 26.000 Total Awarded for Educatlon 49,100 Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 48 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR (Continued) 2022 Health and Wellbelng Addictlon Support and Care Agency IASCAI 5(710ry and ossocioted cost5for the Service Manoger. The sefrvice supports up to 60 people living in our ureu olbenefit. 12,300 Art & Soul Contribution towurds the art projectfor 170 odults and young people with mental heofth conditions in our oreo of benefit. Is.000 MID Medlation and Coun5elling Ltd. Interim gront- contribution towurd5 counsellingfor children. 2.500 Richrnond Borough Mind Contrlbution towards core solory costs ond asSOClOted running costs. 40.600 River Thames Boat Project Contribution toward5 the cost of running 20 theropeutic crulses oroctivity sesslons on the River Thumesfor 240 people Jrom ourarea of benefit. 9,000 South West London Stroke Club- Moving On Contribution to Stroke Club Manuger's sult7ry to support J4 members and their carers living In our oreo of beneflt. 4.500 Space2Grieve Froffl September2022, u grant of £20.000 to covgr the port-tlme Service Manuger's salory ond contrlbute towards running costs. The service willsupport oround 66people in our orea of beneflt. 20,0 2,0(X) Contributlon towurds runnlng costsfor the Stlll Building Bridge5 projectsupportlny up to 2Qpeople wlth long term mental heolth condition5 living in our areu of benefit. The Mulberry Centre Contribution towards core cost5 including solories to provide seFvice5for people offected by cancer. 15% of new registrotion5 (89 out of 6Q3) ond 15% ofpeople accesslng services 1137out of 9211 werefrom our ureu of beneflt. 45.000 The Real Junk Food Project ITRIFPI stoffing und runnlnu costsfor TRJFP coles ond surplusfvod hubs ocross our tjreu of benefit. 24,900 The Vineyard Community Centre Contribution towurds the salory olH8od of Care Services. 23,000 Total Awarded for Health and Wellbelng 198,800 Hampton Fuel Allotment Charity- Annua1 Report 30 June 2022 Page 49 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR Icontlnuedl 2022 Houslng and Homelessness Spear Housing Assoeiation Lirnited Two solories to Provide intense troining and employmentSUPPOrtfor 130 homeles5 people ourureo of benefit and to recruit, trjin andsUPPOrt volunteers. 45.000 Total Awarded for Houslng and Homelessness 45,000 Older People Age UK Richmond upon Tharnes Contribution toword5 the saluries14)lor theAdvice Extro Informution & Advice services, provlding speciolist welfare benefits/fJnoncialodvlce andspeciolist cosework for elderly people in ouroreo of benefit. 64,200 Age UK Richmond upon Thames Contribution towarrls the c05t5 of the Hondyperson ServNce to support oround560 elderly peoplelrom our tsrea of benelit, providing afree orsubsidised5ervice. IS,(K)O Brighter Together Inter-generutionalproject with Homelink und Whitton Doy Nvrseryfor 7 olderpeople und 7 nursery age children in our area of benefit. 5,400 Connaught Opera Contribution towards 10 concert5forup to 150 olderpeople in our ureo of benefit livirjg irj core homes or attending duy centres. 4,500 Elleray Community Associatlon Contribution towords the salary ondossociated costs of the Activities and Volunteers Manuger. Supporting up to 150 olderpeople in ouroret7 olbenefit. 24,900 Embracing Ag& Contribution toward5 recruiting, trulning undsupporting volunteers to spend time anrl buildfriendships with 65 care home residents in our areu of benefit. 8.(X)O Linden Hall Community Centre Limited Contribution towords soltsry c05tsfor the Centre Manoger. Services provlded were of benefitforup to 550 people in ouroreo of benefit. 25,000 OK Music Trust Contribution towards the costs olgroup muslc therapy sessions with Homelink. The sessions ore run in person ond onllnefor olderpeople with dementio ond theircorers. 8,000 Harnpton Fuel Allotment Charity- Annual Report 30 June 2022 Page 50 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2022 16. GRANTS AWARDED IN THE YEAR Icontinuedl 2022 St. Augustine's Community C3re Trust IHomelinkl Towords the 5alury of the Volunteer und Client Engogement Monoger, to support up to 200 clients (cored-forj und curersfrom ourorea of beneflt over the next year. 35,000 Whitton Network Contribution rowords the 5alory of the Co-ordinator511PPOrting 260 olderpeople In our oreu of benefit. 4,500 Whitton Network Gront to support odditionul hoursfor Co-ordin(rtor5alory due to irJcreu5ed demand forservice5 and support. 2,000 Total Awarded for Older People 196,500 Other Richmond Furniture Scherne The salaryfor ufull-time Volunteer Co-ordln4tor137.5 hours perweekl ontl assoclated costs to provide ski115 ancl opportunities to uround 75 volunteer5 to improve well-being ond support the work of the charity. 28,000 Total Awarded for Other 28,000 17. GRANT AND LOAN COMMITMENTS OutStandlng at301une 2021 Unspent Payable Outstsndlng during at 30 June the year 2022 Grants awarded in prior years.. Richmond Advice & Information on 34.CM)O 134,0001 34,000 134,0001 Awarded durlng the year ended 30 June 2022 Grants awarded in the current year: None Total grants outstanding at 30 June 2022 Outslznding grant payments are subject to terms and conditions that have not yet been met. Hampton Fuel Allotment Charity- Annual Report 30 June 2022 Page 51 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 18. RELATED PARTY TRANSACTIONS All the Charity's Trustee5 are drawn from the London Borough of Richrnond upon Thames or will have 3 Strong connection to the Borough. Many are very active in the community and bring valuable knowledge and information to the Charity's decision-rnaking. When the possibillty of awarding 3 Erant to an organisation with which they or their family are connected is being considered, the TIu5tee concerned declares an interest and if present at the meeting. will leave the room before any dSscu55ion t3kes place and a final decision is made. With COVIO-19 and the necessity for meetings to take place via video conferenclng, the principles remain the s3me'. Trustee5 are excluded from the video conference and once the item has been discussed and a decislon made, the Trustee 15 able to return to the meetlng. Related party transactions will be recorded even if a Trustee with a potentSal conflict of interest Is not in attendance 3t the meeting when a decision is made. During the year, the Trustees awarded the following 9 grants totalling £276,00012020121.. 7 grants tot311ing £208.5001 of which tho following Trustee or close family, may be regarded as a related partv.. Description Amount 1£) Citizens Advlce Bureau Service Richmond Advice & InformatSon on Disability IRAIDI- appllcation in partnership wlth CStliens Advice Blrreau SÈrvl£e Adele Kimber is a volunteerat the CAB. 65.000 34,000 LVA Trust Geruldine Locke is o Member of the Richmond West Schools Trust that will use the Services olthe LVA Trust. Ben Lovell is o Trustee of MTV Youth Hompton that has been working c105ely with L VA Trust. 30.600 MTV Youth Hampton Sen Lovell {Trust8e olMTV Youth Hampton) 26,600 The MulbÈrry Centre Dovid Meggltt (frustee ot rhe Mulberry Centre} 45.000 Rlchmond Users Independent Living Scheme IRUILSI Richmond Users Independent Llving Scheme IRUILSI Richmond Users Independent Livlng Scheme IRUILSI Duvid Meggitt (Partner is o volunteer ut RUILSI 8,000 28,300 30,000 TW Money Advice Servlce Martin Duffy Ifrustee ot TW MoneyAdvice Service) 8,500 Total 276.000 Harnpton Fuel Allotrnent Charity- Annual Report 30 June 2022 Page 52 of 53 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2022 19. RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022 2021 NET IEXPENDtruREIIINCOME FOR THÉ REPORTING PERIOD 13,379,880) 6,088,987 Adjustments for.. Dividend5, Interest, and rent5 from Investments Net losses/lg3in51 on Snvestments Depreciation charges Decrea5e/lincreasel in debtor5 Increase in creditors 11,853,485) 11,785,2831 2.054.826 17,019,747) 14.958 14,948 9,050 111,7601 73,770 91,646 NET CASH USED IN OPERATING ACTIVITIES 13,080.7611 12,621,209) 20. ANALYSIS OF CHANGES IN NET FUNDS At l July 2021 Cashflows At 30 June 2022 Cash at bank and in hand 1,834,321 257,255 2,091,576 NET FUNDS 1,834,321 257,255 2,091,576 21. FINANCIAL INSTRUMENTS 2022 2021 Carrying amount of financi31 assets.. Equity instruments rne3sured at fair value 56,648,732 60,194,473 Hampton Fuel Allotment Charlty- Annual Report 30 luno 2022 Page 53 of 53 HAMPTON FUEL ALLOTMENT CHARITY FINANCIAL STATEMENTS for the year ended 30 June 2012 ACCOUNTANT'S REPORT ro THE BOARD OF TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY ON THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 In order to assist you to fulfil your duties under Charities Act 2011 and regulations thereunder, we prepared for your approval the fi'nancial staternents of Harnpton Fuel Allotment Charity which comprise the Statements of Financial Activities, th& Balance Sheet, the Statement of Cash Flow5 and the related notes a5 Set out on p3ges 19 to 46 in accordance wlth the financial reportlng frarnework set out therein from the Charity's accountlng records and from Information and explanation5 you have given us. A5 a practising member fSrm of the Institute of Chartered Accountants in England and W31es IICAEWI, we are subject to ethical and other professional requirements which are detailed at http'.//www.Ic3ew.corn/en/members/regu13tions-standards-and-guidance. This report is made solely to the Board ol Trustees of Hampton Fuel Allotment Charity, as a body. in accordance with the terms of our engagement letter dated 7 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Harnpton Fuel Allotment Charity and State thos@ matters that we have agreed to state to you in accordance with ICAEW Technical Release 08116 AAF a5 detailed at Icaew.com/compilation. Thi5 report should not therefore be regarded as suitible to be used or relied on by any other partv W15hing to acquire any riEhts against RSM UK Tax and Accounting Limited for any purpose or in anv context. Any party other than the Board of Trustees. which obtaln5 acces5 to this report or a copy and chooses to rely on this report lor any part of it) will do so at its own risk. To the fullest extent permitted bylaw, RSM UK Tax and Accounting Limited will accept no responsibility or liabillty in respect of this roport to any other party and shall not be liable for any1055, darnage or expense of whatsoever nature which Is caused by any person's reliance on representation5 in this report. It Is your duty to ensure that Hampton Fuel Allotment Charity ha5 kept adequate accounting records and to prepare statutory financial staternents that give a true and fair view of the assets, liabilities, financial posltion, and net movement In funds of Hampton Fuel Allotrnent Charity under the Charities Act 2011 and regulatiolls thereunder. We have not been instructed to carry out an 3udit or 3 review of the financi81 staternents of Harnpton Fuel Allotrnent Ch3rity. For this rea50n. we have not verified the accuracy or completenes5 of the accounting records or information and explanations you have given to us and we do not, therefore, express any oplnion on the financial statement5. RSM UK Tax and A¢countlng Limited Chartered Accountants Third Floor. One London Square Cross Lanes Guildford Surrey GUI IUN Date.. 2022 Hampton Fuel Allotment Charity-Annual Report 30 Ju￿e 2022