Charity number.. 2117S6 HAMPTON FUELALLOTMENT CHARITY ANNUAL REPORT 30 JUNE 2023 Hampton Fund lknwton Fund 15t¥JolIamÈ lot MarnpLon FuÈl l¢entm¥ (Re8StAtn No2117561 RSM UK Tax and Accwntin8 bmited Third Floor. One London Sqltare 05s lanes. Guildford Surrey GUI IUN
P4elof49 IAMPTON FUELALLOTMENT CTriARITY ANNUAL REPORT for the year ended 30 June 2023 TABLE OF CONTENTS Pa The Chairman's Report Trustee< Annual Rep IndependentAuditorfs Report 18 Statement of Flnan¢lal A¢iNrries- Current year 22 Statement of Financial Aclivrtie5- Comparativeyear 23 Balance 5heet- Crnt year 24 Balance Sheet-comparative year 25 Statement of Cash Flows 26 Note5 to the Financial Statements 27 Accountanvs Report 49 Hampton Fuel lotment Charity- Annual Report 30 June 2023
Page 2 of 49 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIRMAWS REPORT for the year ended 30 June 2023 IV5 all about people. People who benefit from the fund prirnarily of course. ThaV5 why we a here. Much more on that later. IVS a150 abtyJt those we work with and those who make it work within Hampton Fuel Allotment Charity- known more simpty as Harnpton Fund. I start then with mention ol our former Dirertor, David White. After 12 successful years at Hampton Fund that saw 518nificant change under his leadership. Davtd left us to Spend more time with his farnily and to pursue his many intere5t5. We wish him well for the future. As we have been without a Dtrettor since January 2023. 1 want to record here my personal thanks to both my fellow Trustees and ourfantastic staff. All havegone the extra mile to cover the Directorfs responsibilities during the recruitment of David'5 successor. Speoal mention here to Geraldine Locke and her P&R team for the professional and successful recruitment process. It is my sincere hope and belief thèt the work Hampton Fund doe5 has cLtinUed for those who rely on us. without noticeable disruption. a5 it has for the past 212 years. It's what we do Hampton Fund prLwide58rants and otherfornis of finanrial help to l¢)w-income familiesand individuals, primari helping them with their energycosts. core furnkshing and white good5 and a contribution to school uniform5 and school trips. While fuel continues to be very much in focus today. we continue to support other local charitie5 that provide a range of services within the community- It is our stock-market-inve5ted endowment fund that enables us to do this, and great di1 goes to our fund manager5 and our Chair ol Finance and Invostment, Dr Martin Duffy and deputy, Sharika 5harma. for steering u5 through increa5inglyvolatile Maets with a steady hand. Significantly this year. we moved some 50% of our portfolio from UBS to Barclays in pursuit of our duty as Trustees to best mana8e our resourte5. While such a move can cause a brief pause in income, our robust approach to reserves meant we have been able to meet all of our budgeted commitments and more. How have we helped indN*lualsthis year? Hampton Fund begun in 1811 to provide fuel to those in need and that long tradition continues today. Most individual award5 a fuel grants paid directly to energy suppliers on an applicanvs behalf. Durin6 2022123. we awarded 2,028 fuel grants to indThfiduals totallin6 £1.082.775120201215aw 2.579 including 650 second payments at a cost ol £1.080,4491, a modest increase after the considerable upsurge of the prewous year. In addition, we made grants for the purchase of basic white goods. for e¥ample a frTdge or a cooker. and ba5TC itern5 of furniture such as a bed. Often these 8rants were made where rehousing was needed, especially of those previously homeless. School journeygrant5 were up by just over 14% and uniform grants by 6.5%. Our Individual Grants panel was Superb Chaired by Hampton Fund Deputy Chair. David Meggitt and responses to applicants were qLsickly and transparently handled by Carole Swinburne and Sheila Pryde. Those in need could apply directly to us in person or on-line via www.ham onfvnd. Hampton Fuel Allotment Charity- Annual Report 30June 2023
Page 3 of 49 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIRMA REPORT (Continued) for the year ended 30 June 2023 How have we helped local thartttes this year? The work of the chartieS and community group5 in our borovgh has been espeoalty important in recent yeaf5 although the extraordinary tosts of lockdowns are hopefully behind us_ Community groups and local charitie5 will undoubtedly remain key in the nearfuture and theirworki5 very rnuch needed and appreciated. We continue to support those in need by making grants to many of these OanisatIons. Managed byjan Webb, Community Grants Manager. arvj compellingly led byAdele Kimber, Chair of Cornmunity Grants, Hampton Fund made 67 community grants in 2022123 to charitable or8anisations181 in 20211221 totalling £1.428.2W I£1.552.050 in 20211221. Our grants tover a wide variety of sectors. including disability. older people. children and young people, carer5 and mental health as well as community actNlties. The end-of-grant monitoring report we receive from the groups we fund is one way we evaluate the impact of Ouf funding. We are honoured to be able to contribute to such organisations. Between individual Idirectgrants and communitylcharitygrants it isestimated that Hampton Fund and the chaftties it supports have benefited approximately one in ten of the residents of our catchtnent area. How can we do more? Beyond our stock-market based fund raisin& our collaboration contsnues with Richmond Parish Land5 Chèrity IRPLCI and OneRichmond, our joint project to encourage -placed-baseil 8iwn£- or, simply puL the people of Richmond Borough helping the people of Richmond Borough. OneRichmond wa5 established jointly by Hampton Fund and RPIC. Independent research commissioned bv Hampton Fund and RPLC- Ion The Edge. available on requestl- conduded that the PerPtIon of Richmond as a wealthy place masks high leve15 of hidden need_ The aim 15 to work with others to unlock significant additioftal resources. from within and outside the Borough. in order to improve opportunities and change lives. We want a boro(h in which everyone can thrive. By additional resources, we mean fund5, expertise. time and use of faolities_ Recognising that we could not address every need at once and hope to 5u£ceed at any of it. our initial focus ha5 been on young people. Peer research showed thatcareer preparation and mentoringwas second priority for young people after mental health. The latter though is well provided for through other schemes, scme of which Hampton Fund already 5ponsor5. Mentoring on the other hand seemed to have very little provision, 8eneralty offered to limited or special needs groups. Sornewhere out there is the next Albert Einstein or Isaac Newton. Bezos or Musk or perhap5 the next Prof. Sarah Gilbert who designed the Oxford AZ vaccine in such stK)rt order. They may not know it yet but perhaps with the right inspiration and experienced guidance they may gain benefiL not just for themselves but for all of us. That is what is behind OneRichmond sponsorship ol the Young Enterprise programme. Our hope 15 that by eventually bringing this seNice to all young people in the borough it mèy provide that spar We welcomed this yearthe fir5tfvll time OneRichmond employee in Development Director. Rebecca McLoughlin who has already added great rnomentum to the projert. Hampton FundTru5tee. Launce Sewell has also joined the OneRichmond team. Thank5 once again to all those who have helped to promote and support this work at both Hampton Fund and RPLC. Hampton Fuel lotMent Charity- Annual Report 30 June 2023
P4e4of49 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIRMAWS REPORT (Continued) for the year ended 30 June 2023 Meeting local needs today and tomorrow Looking after the endowment fund and balancing the need5 of present and future generations are challenge5 that we. as Tru5tee5, have to consider carefully. Accordingty. our prime investment objective is to ensure that funds available for beneficiariesare rnaintained in real terms. sozs toensurethat futuregeneration5 may benefit from the endowment at least as well a5 the current one. In order to achieve this goal, we have adopted a Yotal Return. approach to inve5trnent which allow5 Trustees to Use both income and capital growth produced by the endowment fund to satisfy expenditure. This remove5 any reliance on income alone to meet expendittfrre and permits a more flexible and lon8er-term investment approach. In looking afterourendowment, wetake Tndependent professional atlvice on howttsfinantial a55ets a invested and managed. Durin8 the year, tnana8ement of the endowment's assets wa5 shared between UBS Asset Management, Barclay5 Private Bank and Rathbone Investment Management. Although our total inve5trnent portfolio moves up and down with the markets. we take a long-term vtew that has seen steady growth in the fund and what it can give to those in need locally. Charity governance Governance continues to be an tmportant duty of the Board of Trustees and we execute a programme of regular rewew of all our policies. 5tèff turnover 15 another important risk to manage. and l arn glad to Say that, Director aside, we have had another year with no thanges. I give my thanks once again to our team of professionals. Our Trustees Ultirnately governance sits with the Trustees. Our Trustees are permitted to serve a maximum of two five-year terms. and we can have up to 12 Ithe exception being Rev. Ben LINell. ex officio Trustee a5 Vicar of St. Marfsl. We believe thi5 offer5 a healthy balance of stability and turnover, with usually one or two new each year. Durin8 the year we welcomed Samantha BaileyarKI Rtchard Baker to the Board of Truee5. Though we are prLkactive in seeking to recruit newTrusteÈs. we atwayswelcomeenquiries from th05e who might be interested in senrin8. We have a full roster at pSent. but Trustee OrJame5 Brockbank complete5 his second five-year term in 2024 land Kim Loxton her first fivyear terrnl. Keep in touth Finally, do tap into ovr continued presence on 50cbal media and on our website www.hamptonfund.co.uk, put together by our Communications Strate8y Group, Chai by Dr James Brockbank. Otherwise. if you would like to Speak directly to us. do call our ¢)ffKe on 020 89417866. Putting people firsL Hampton Fund remasns forever in twst for the benefit of the people of Hampton and beyond. Whatever comes our way. we will be here for you. With thank5 Chairman Martin Seymou Hampton Fuel Allotment Charity- Annual Report 30June 2023
pe50f49 HAMPTON FUELALLOTMENT CHARITY TRUSTEES'ANNUALREPORT for the year ended 30 June 2023 TheTrustees present their report and the financial staternents of Hampton Fuel Allotmentcharity lalso referred to as-Harnpton Fund- or-the Charity~} for the year ended 30 June 2023. The financial statements have been prepared in accortlance with the accounting poliaes Set out in the notes to the financial statements and to comply with the chari5 governing document. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recornmersded Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES ANDAcrivmES Charitable purpose and activities The Charity exi5t5 to addre55 need in the community to improve the quality of life of inhabitants in its area of benefit. This need may arise frorn various Sour5. including financial hardship. ill-health and disability, and gaps in the funding of education and local recreational amenities. Itachieves thi5 purpose by rnakinggrants, both to individuals and families and to not-for-profit organisations wh05e work falls within these parameters. The funding lor these grants arises out of income derived from the Charit*5 investTnents. The Charity aims to balance the needs of current and potential future benefioaries by maintaining the value of the endowment in real terms. in addition to meeting current needs. The aa of benefit within the London Borough of Richmond upon Thames ILBRUT) and in ordef of priority. is- 11 Hampton arTrd Harnpton Hill,. 21 the rernainder of the former Borough of Twickenham (Hampton WICK Teddington. Twickenham and Whittonl- and 31 the remainder of the present LBRUT. Individual 8rants a restrirted to the first two of these. As5et5 of the Charity The a55ets of the Charity totaled £59.3 million at the year end. consisting of £57.1 million of inve5trnent5. £1.2 million of property and net 5h. Ilebtors and creditors of £l.O million. The total retum generated from the investments is used to meet the charitable object5. Grant making poliry l. Individual grants- Familie5 and individuals on low income To meet a proportTon of the electiicty and gas bi115 of individua15 and families who meet our crrteria.. To provide e55ential eouipment (for example white goods or items of furniturel,. and To support childn, who a in theif penultimate orfinal year at juniorschod. with the c05t5 of the school journey and school uniform. 8enefitraries must live in the Hampt0115. Teddingt(x), Twickenham. or Whitton. Hampton Fuel Allotment Charity-Annual Report 30 June 2023
PaEe 6 of 49 HAMPTON FUELALLOTMENT CHARITY TRUSTEE5' ANNUAL REPORT (Continued) for the year ended 30 June 2023 2. Community grant5 Or8anisations are supported to tackle need and improve quality of life, beneftting residents in the following areas-. the Hamptons, Tedéin6ton. Twickenham. and Whitton. The Trustees may consider initiatives that also benefit re5ident5 In the rest of the London Borough of Aichmond-upon-Tharnes. providing there is a 518nificant proportion ol beneficiarie5 from the area5 Outlined abo¥e. What the Charity is unlikely to support The Charity is unlikely to support any of the following: Holidays Iwith the exteption of severe medical or health needl Services which are the responsibility of a statutory body Grant5 to individuals for private and post compulsory educati Retr05pertive fundin& both capital and ventse National general charitable appeaLs Endowment appeals The advancement of religion and religious groups, unless they offei a nOn-re110US service to the community Projects of a political nature Anirnal welfare Commercial and business activities Social Enterprises except Commvnity Interest Companies ICICS) How to apply for a zrant- Indi¥Kluals Our individual grant application form is now available to cc*nplete onlinethrough the followin8 link.. For those who do not have acce55 to the intemet. the applicatson form. which should be sent to the Individual Grants Manager. is also available to download from our website kl. The forms are also available from the Charity's office and from adwce and C(Mmunity centres in our aa of benefit. How to apply for a grant- Organisalions Information and guidance on the Charity'53pplication prLKe5sfor a community grant 15 avarlable on the ChariW5 web51te vKww.ham ton kl. including a copy of the application forms. Public benefit The Trustees have taken The Charity Commi55iOFt's general guidance on public benefit (contained within the recent publication -Charitie5 and Public Benelifl into considerdtion in preparing their statements on public benefit contained within this Trustees, Annual ReporL Ourvi5ion is to give our commurÈity the Chan to (ate a brighterfvture and the opportunity to thrive. The Charity prowde5 grants to individuals in need to improve quality of life and well-being- and funds charitable organisations and community groups to prwde a range of and attiwties to tackle disadvantage and inequalitv. Hampton Fuel Allotment chaty-AnnUal Report 30Jurie 2023
Page 7 of 49 IAMPTON FUELAiLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 30 June 2023 To determine to what extent the Charity 15 achieving public benefit. the Trustees use the following measures of success and gather evidente accordingly= Assessment of the organisations we fvnd to deterrnine posttNe outcomes for people in our area of benefit., Evaluation and Impact reports of the work we fund from or8anisations. induding case studie5,' and Feedback such ès -thank you- letters from indiwdual recipients and from other people and organisations dealing with our beneficiaries. ACHIEVEMENTS AND PERFORMANCE Gn7llt giving- Individuolgronts During the year, the Tru5tee5 awarded grants amounting to £1.175,30612021122.. £1.178,4891. Thi5 very similar level to the preVioS year is not unexpected and is largefy due to the 5arne contributing factors.. Due to the unprecedented increase in energy prlces and the impact on gas and electricity bills, the Trustees have identified that familie5 are particuladyvulnerable at this time. Increased awareness of our sUPPOrt with the use of social media online application form. Increased work with our local schools. as reflected by the significant inuease in the number of grant5 for school journeys. An increase in the number of ener8y companies that we can workwith. A sumrnary of the individual grants awarded in the year is as follows.. Grants awarded 2022123 Number Grants awarded 2021122 Number Category Fuel grants 650 additional payments to families @ oio Essential items and furniture 2.028 l.(B2,775 1.929 943,949 136,500 67,531 15,669 13,400 1,440 1.178.489 14,4871 1,174,002 67.132 15,618 8,791 990 School journey grants School uniform grants Disability grants TOTAL 120 105 81 76 1.175.306 15,2961 1.170,010 Le5s.' Fuel grant refund5 TOTAL Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 8 of 49 HAMPTON FUELALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the yeai ended 30June 2023 Grunt giving- Comrnunty gmnts Durin8 the year. the Tru5tee5 awarded 67 8rènts12021122- 811 amounting to £1,428,2CM)12021122.. £1,552,0501. For a full list of the community grants awarded in 2022123. please see note 15 to the financial statements. A summary of the community grants awarded in the year is a5 follow5= Grants Awardèd 2022123 Number Grants Awarded 202V22 Number Category Advice, Advocary & Outreach Arts. Sports & Recreation caTs 73.5 Ii.(XM) 197,500 269.600 193,400 256,500 99.000 344,250 49,100 Children & Young People Community Artivities Disability Education 14 18 13 305.CKJO 32.5C(I 192.600 45.(KN) 151.700 18 Health & Wellbeing Housing & Homelessness Older People Other io li 198,800 45.000 196.500 28,LN)O 1,552.050 li TOTAL 67 1.428200 81 OneRichmond OneRichmond was estsblished jointly by the Charity and another important local grant-making charity, RPLC. Independent searCh commi5510ned by the Charity and RPLC (On The Edge. available on requestl concluded that the perception ol Richmond as a WeahY Pla masks high leve15 01 hidden need. Acting as a catalyst for change. OneRichmond exists to identify. highlight and addres5 unrnet needs acros5 the London Borou8h of Richmond, that neither the Charity nor RPLC has sufficient resources to meet. The aim is to work with others to unlock additional Significant resources. from within and outside the Borough, in order to improve opportunitie5 and change live5. We want a borough in which everyone caft thrwe. By additional re50urce5. we mean funds. expertise. time and use of faalities. In the past year. OneRichmond ha5 made grants.. lil to Young Enterprise 1£16.500I towards the provision of their Can¥ Programme. Leam to Eam, Launchpad and Enterprise Mastwdass in three local schools- and lill to Citizen5 Advice Richmond 1£40.CKIOI and Richrnond Aid 1£20.LKIOI to prwde additional capacity and resources for advice services relating to the government's Household Support Fund. Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 9 of 49 HAMPTON FUELALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 30 June 2023 Looking to the future. OneRichmond will pursue its aiFnS by.. bein8 an active member of the London Giving NetworL' raising funds from residents. local businesses and other funders,- 8rant-makin8to organisations addressing speofic needs identified by OneRithmond.. sharing infomation and ideas with local partners and working collaboratively to address and seek solutlOn5 to the cau5e5 and symptom5 of prioriti5ed issues- and maximise the useof ourcollective resources and avoid duplication- and commissioning reseafch to inform declsiorHnzki. This programme is being driven by the OneRIchmcd DlOpMent Director. Rebecca McLoughlin. who was appointed in March 2023. We are ift the process of Setting up OneRichmond as a Charitable Incorporated Organisation ICIOI. The Board of the new 00 will include twstees nominated by Hampton Fund and RPLC. Trustees at Hampton Fund consider that OneR1chmcd adds value to its existing work. For further inforrnètion on OneRichmond, please vi51twww.reRithMOnd. FINANCIAL REVIEW Financial results of activÉties and e*nts The Charitvs inve5trnents produced a totral return Idefined as investment income plus capital gains OT Iossesl of +5.33% or £3.02 million gain1202y22'. -0.33% or £0.20 million Ios51. being investment income of £1.90 million 1202y22.. £1.85 rnillionl pluscapital gains of £1.12 million12021122-. losses of £2.05 millionl.The Charity received income from other sources of £0.03 rnillion1202V22.. £0.05 millionl and incurred total expenditure of £3.16 million12021122= £3.23 million). resulting in a deficit of £0.11 million for theyear12021122= £3.38 million deficit). Total expenditure of £3.16 million 12021n2.. £3.23 million) induded grants to individuals and charitable organisations tota11in8 £2.60 million 1202ty22.. £2.72 million), investment management fees totalling £0.10 million 12021122= £0.12 millionl, operating costs totalling £0.41 million 12021122.. £0.37 million) and a contribution to OneRichmond of £0.05 million12021122.. £0.02 million). The totsl net assets of the Charity at 30June 2023 were£59.30 rnillion130 June 2022.. £59.41 million). consisting 01 £57.09 milliori of inve5tments130June 2022- £56.65 million). £1.17 million of property130 June 2022.. £1.18 million) and £1.04 million of net current a5sets130June 2022.. £2.44 millionl. Reserves policy The Trustees, poliry is to maintain sufficient free reseNe5 lunre5tricted fund5 not committed or invested in tangible fixed assets or designated funds) to cover three years of operating expenditure, which based on our 2023124 budget 15 around £9.69 million. At 30 June 2023, our level of free re5erve5 wa5 £6.92 rnillion130 June 2022.- £8.04 million). which represents 3ro4Fnd 26 months130June 2022: 30 months) of expenditure. Hamptor5 Fuel Allotment Charity-Annual Report 30 June 2023
Page 10 of 49 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontsrtuedl for the yeai ended 30 June 2023 Translers policy The Unapplied Totsl Return Fund rs used to rnake tr3nsfer5 to the General Fund during the year to meet grant payments to current beneficiaries, whilst periodically investin8 back into the Permanent Endowment Fund for the benefitof futLJre beneficiaries. Charitycommission regulations requirethat the amovnts spent on grants and the amounts reinvested have to be cornpatible with the tr415tees' duty to furtherthe aims of the charity- The Trustees aspire to maintain grant levels over time in real terms but given the variability of market return5 and inflation levels. cannot always achieve this overshort time periods. In parbcular, reflectin8 the exceptionally high levels of inflation over the past two year5 would have resulted in high levels of r&inves¢ment in the Permanent EndtswFnent Fund to meeL as yet unknown. future needs with a corresponding redvction in funds available to meet current. known. needs. Accordingly. the Trustees decided that a fairer balante between meeting current and future needs would be achieved by limiting the transfer to the Permanent Endowment Fund to 2% If 1.0 million). being more in line with longer-term inflation e¥pettations. TheTrLStee5 trèn5ferred a total of El.5 million to the General Fund over the year. Invtstrnent policy The Trustees. investment powers a those as defined bythe Tntstee Act21KX). The Trustees are required by the Charity's deeds to ensure that it5 investments are kept under revtew by one or more eMpert5, who are reqvired to inform the Trustees or investment managers of any changes that may be in the best interests of the Charity. The Trustees may ortly make changes to the Charity5 investments following advice from an independent investment expe The ChariW5 prime investment objectwe is to maintain funds available to disburse in grants at their current level of afound 4% of the value of the endowment (Current in excess of £2 million), in real terms over time. In order to achieve this. the Trkjstees have established an investment 5trate8y which airn5 to produce an average annual total return (defined as income plus capttal growth) of Consumer Price Index ICPII +4%. The Tru5tee5 have adopted a Total Retum approach to management of the Pemianent Endowment Fund, whith provides a more flexible approach by relaxin8 incorne (onstraints on tts investments. A re501ution to thi5 effect was passed on 29 April 2015 and the Trustees agreed to use the value 1£39.18 million) of the Permanent Endowment Fund on 30 June 2010 as shown ia the Charitys audited financial Statements for that date, a5 the Preserved Value of the Fun¢J (Pernianent Endowment Fund). The trustees aspire to protect the value of the Pertnanent Endowment Fund in real terms by making transfers periodically from the Unapplied Total Return Fund. At 30 June 2023. the value of the Permanent Endth¥ment Fund stood at £51.15 million130 June 2022.. £S0.IS millionl. The Charity recogni5e5 the need to dtversify its irniestments in oiderto spreèd risk. Accordingly, management of the Charl$ investrvents ts Split between BarclaysWe8lth Managementlappointed in 2022 to replace UBS Asset Management) and Rathbone Investment Management lappointed in 20151. Both are active manager5 but have quite diffeient investment strategies, which brings further diversification. The Charitys investment strategy and the perforrnance of its investments a reviewed regvlarly by the Trustee5 with input from the Chariws independent professional investment advisor5. Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 11 of49 HAMPTON FUELALLOTMENT CHARrrY TRUSTEES, ANNUAL REPORT (Continued) for the year ended 30 June 2023 During the year under review, the market value of the Chari$ investments increased by approximately £0.44 million12021122.. fell by approximately £3.55 rnillionl. Please refer to note 11 to the financial statements which provides additional infomiation. The investments held at 30 June 2023 indude both the Endowment Fund and the General Fund amounts. as shown in the balance sheet on page 24. Responsible Investrnent Policy Hampton Fund hold5 the majority of its investments as finanoal ¢nvestments. with the aim of rnèximising returns at an appropriate level of risk. Appointed investment managers aTr expected to invest the assets in line with the Charity's rnission and values and the Tru5tee5 reserve the right to exdudÈ investments that conflict with these, such as (but not limited tol tnve5tments in companies involved in practices such as.. human rights violation5 unethical lending practices Ilor example payday loans) Violatic of minimum labour and living wage standards environmental degradation amarnent sales to military regimes pornography 8amblin8 The Trustees ask the investment managers to engage with investee company management in relatyon to quality of governance. environmental and social impatt, and exercise voting ri8hts aCcor(Sing. PLANS FOR FUTURE PERIODS Future strategy The broad strategie5 and obje¢twe5 of the Charity have remained cot)stant over many year5. However, with the impact of unprecedented high energy price5 and cost of INin8 Iri5is. we have increased our support for faMIle5 throu8h the level of fuel grant- and through our community grants programme, we have increased our funding to 5UPPOrt charities that are tackling the needs of those on low income who are experienong many aspects of disadvantage at this time (that is increased supportfordebt advice and food poverty initiatives). Earlier this year. the Trustees held an Awayday. Trustees discussed a range of issues to help shape our medium and longer-term vision, including our values. accessibility of our grant5. succession and governance. In all. 27 action point5 were identified. A workn.ng group has been established to prioritise these actitsn points and to ijetermine the timescale to implement each of these. The Charity will continue to be re5ponsNe to potential than8es of emphasis or new areas of work. Communications We plan to continue to be actpve in social media. both on Facebook and Twitter, further raising the profile and awareness ol Harnpton Fund. and the help available. It is worth noting that during the financial year. the Individual Grants Application Form wa5 available onli. ènd this has rtainlY contributed to an increase in the number of applications recewed. Hampton Fuel Mlotment Charity- Annual Report 30 June 2023
Page 12 of 49 HAMPTON FUELALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontsnuedl for the year ended 30 June 2023 Impatt of activities and significant events The Charity will retain similar investment benthmarks as at present. Its grant gi8 priorities will also remain similar to those for the year under review. Future comrnitments For 50rne reporting period5, the Tru5tee5 will award grants to OanIsatIOns. which have not been accounted for within the year concemed, because terms and CrditIOnS attaching tothose grants have not been fulfilled by the year Ènd date. At 30 June 2022 and 30 June 2023, theTe were no such comTnitments. sTRUURE, GOVERNANCE AND MANAGEMEP Status and history The Charity was created following the 1811 Enclosure A¢i by the granting of 10.14 acres of land for producing a supply Of fuel for the poor of the ancient parish of HarnptL. Subsequentlythe land was rented out for nurseries. In 1988. the land wa5 sold for development and the Sale proceed5 formed the financial base for the current work of the Charity. Hampton Fuel Allotment Charity became a registered charity on 19 November 1962. The goveming document was a scheme ol the Charity Commission dated 26 Au8USt 1981_ It was amended by schemes dated 27 July 1989. 4 tlecember 1991, and 21 April 2(MH and an or¢Jer dated 19 August 2LM)4. With effect from 27 April 21K>5, the Trustees resolved to make various alterations to these documents with the approval of the Charity Commission. These various documents We subsequently corsolidated into a Single d¢xument. Organlsational strurture The overnll Strategic direction of the Charity is determined by the Trnstees. who have set up various sub- committees and made various professional app(xntments to assist them in ensurfng the strategic goals of the Charity are achieved. Twstees a normalfy appointed for a period of five year5. The Trustees transact the Charitvs business through Board meetings. which a held at least four times a year and through the sub-committees of the Board. The attivities of sub-committees are reported to the main Board meeting. Hampton Fuel Allotma)t Charity-Annual Report 30June 2023
Page 13 of 49 HAMPTON FUELALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Iconiinuedl for the year ended 30June 2023 Finance and Investrnent Panel.. thi5 panel usualty meets five tirne5 a year. induding 6-mornthly reviews with our investmEnt advisor and investment managers,. and oversees the Charity's investment strategy and performance. It also set5 the Charity5 annual budget. Personnel and Resources Panel.. this panel meets at least once a year and keeps under review rnatters relatin8 to staffing. staff performance. office premises and equipment. Individual Grants Panel.. this panel rneets èt least six times a Veèr to consider OpiCationS from individuals and families in need. In urgentcases. twoTrustee members and the Individual Grants Mana8er havedelegated power to age grants. The level of awards is reviewed on a regular basis. Community Grants Panel.. this panel meets at least six t15 a year and considers applications from organi5ations. The panel has delegated power5 to make grants lo an aged amount, currently £40,000 and to make recommendations to the Board forgrants above that amwnt. The awards of both the Individual Grants Panel the Community Grants Panel are reviewed by the full board of Trustees at therr regular meetings. Special Panels may be formed by Trustees. under an established procedure. to consider any formal cornplaints related to the conduct of the Charityand its relationship with other partie> Working Group$a also established. as and when appropriate, to look at specific areas of work. Key managernent personnel The day-tTrdèy management of the Charity s entrusted to the Director and team of stsff. who are responsible for delivery of the Trustees, decisions. The starting salary for new members of staff. indtsding key management personnel. is determined by benchmarking similar roles within the charitable settor. Salaries a reviewed by th@ Personnel and Resources Panel in Februaryand recommend3t&ons made to the Finance and Investment Panel. Recommendations must be approved by the Board of Trustee5 and èny Salary increase implernented from l JU. the beginning of the Ch3riWs accounting year. Individual performance and inflation I critical factors that theTrustees will consider when determining any salary inCaSe. Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 14 of 49 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT Icontinvedl for the year ended 30 June 2023 Method of recruitment. appolntment. election. InductK)n. and training of Trustees Recruitment, uppointment, and elertton One of the Trustees of the Charity is ex-officto. six of the Trustees are nominated and up to five can be co-opted. The ex-officio Trustee is the incLJmbent of St. Marfs Parish, Hampton. When a vacancy lor a nominated Trustee arises, the nominating authority is contacted. and the Charity awaits its selection_ The nominating authority is provided with a guideline as to the skills. knowledge and experience that would be of benefit to the Trustee Board. Co-opted Trustees are recruited from those who are resident in the area ol benefit or have a good knowledge ol it and have skills and knowledge relevant to the artivities of the Charity and its area of benefit. In some cases, these are 'targeted' through a recognised need to have specific skills to assist Trustees, decision making Ifor example local G.P.. finèncièl 5ki115 and experience). The Charity will a150 advert15e for new Trustees when appropriate. Induction ond troining New Tru5tee5 receive induction and a Trustees, Handbook £ontain¢ng essential material about the Charity and how it operates. Key information is held on theTrustee website ponal for easeof access. Trustees receive regular reports relating to the chari5 activities. attend regular meetings and a encourageil to participate in trainin8 events and workshops to update knowledge. The Charity recogn4ses the need to keep existing and new Trustees up to date with legislative, Charity Commission and accounting requ1MentS. It a150 recognisesthe need forTrustee5 to be aware of development5 within the area of benefit which might affect their grani making. Trustees receive updates from sakerS at their meetings. on rnatters relating to the Charity, as well as one to one induCtic in pla of training. Risk management The Trustees believe that the Charity should manège and where appropriate reduce risk. The Charity maintain5 a corporate risk register. which is reviewed annually by the Finance and Investment Panel. The Panel will draw the attention of the Btsard to areas where further action may be required. These are recorded 50 that the necessary steps can be tsken to manage them effectively. The Charity has adopted the rk probabilty and nsk impou approach to risk assessment. Although most risks are rated low and medium, this approach highlight5 the higher risk to Ios5 of investments and income due to externa1 fOrS Ifor example stock market and political decision51. Appropriate controls are in Pla to rnitigate these risks. In addition to risk mitigation. the Charity is aware of the need to respond to events beyond its control that lead to S18nificant disruption to the running of the bvsiness. Accordingly. a Business Continuity Plan form5 part of the overall risk management processes and procedures. providing an artion plan to ensvre that the key funrtion5 of the Charity will be effertively carried out durin8 any period of disrvptiOII. Hampton Fuel Alotment Charity- Annual Report 30 June 2023
P4e 15 of 49 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT (Continuedl for the year ended 30 June 2023 TfU5teeg responsibilrties In the preparation of financial 5tstements The Trustee5 a responsible for preparing the Trustees. annual report and the finallcial Statements in accordance with applioble law and United Kingdom Accountin8Standards (United Kingdom Generally AcEept Accounting Practice). The law applicable to charities in England and Wale5 reqvires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state ol affairs ol the Charity and of the income and expenditure of the Charity for that period. In preparin8 those finanoal ststements. the Trustee5 are required to.. selert suitable accounting policie5 and then apply them Consistent,. observe the methods and principles in the Charities SORP,. make judgements and accountir¥g estimates th&t are reasonable and prudent state whether applicable accounting standard5 have t)een followed. svbjert to any material departures disclosed and explained in the financial 5taternents.' and prepare the financial statements on the 8oin8 concern basis unle$5 tt is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial POSTtion of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charyty (Accounts and Repo) Regulation$ 2CtJ8 and the provisions of the twst deed. They are also responsible for safeguafding the as5et5 of the Charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregvlaritie5. The Trustees are re5pon5tbleforthe rnalntenanand inte8rity of the corporate and financial information on the Charitvs web51te. Legi518tion in the United Ki0M 8oveming the preparation and dissemination of financial statements may differ from lewslation in other jurisdittions. Audltor Mazars LLP ha5 indtcated its willingness to continue in office. Statement asto disclosure of infomiation to the auditor The Trustees at the date of approval of thisTrUStee anUal report confimi that 50 far a5 each of them is awa, there is no Televant audit information of which the Charity's avdttor is unaware, and the Trustees have taken all steps that they ought to have taken to makethemsefves aware of any relevant audit information and to establish that the auditor 15 aware of that infwmation. Hampton Fud Allotment Charity- Annual Report 30 June 2023
Page 16 of 49 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT (Continued) for the year ended 30 June 2023 REFERENCE ANDADMINISTFiATf41E DETAIiS From l July 2022. the following Trustees have held office= Ex-officio Revd Ben L1 Nominated: The London Borough of Richmond upon Thames Richard Baker Ifrom November 20221 Mark Boyle luntil November 20221 Geraldine Locke Martin Seymour (Chairl The Parochial Church Counols of.. St Marfs, Hampton Hilary Hart lutil November 20221 Sarnantha Bailey (from November 20221 Laurence Sewell Kim Loxton St James's, Hampton Hill All Saints, Hampton Co-opted: Dr James BrLkbank Dr Martin Duffy Dawd Meggitt (Vice-chairl Adele Kimber Shèrska Sharma The followingTrustees served as members ofsub-committees during the year ended 30 June 2023- Finance and Investment Richard Baker (from November 20221 Mark Boyle (until Novernber 20221 Dr Martin Duffy (Chairl David Meggitt Laurence Sewell Martin Seymour Sharika 5harma Personnel and Resource5 Sam3ntha Bailey (from November 20221 Hilary Hart (until November 20221 Adele Kirnber Geraldine Locke (Chairl Revd Ben L(Nell (from November 20221 Kim Loxton Martin Seymour Sharika Sharma Individual Grants Richard Baker (from November 20221 Samantha Bailey (from November 20221 Dr James Brkbank Dr Martin Duffy Hilary Hart (until November 20221 Adele Kirnber Revd Ben Lovell (Chair until November 20221 Kim Loxton David Meggitt (Chair from November 20221 Martin Seymour Sharika Sharma Community Grants Richard Baker (from November 20221 Mark Boyle luntil November 20221 Dr James BrCkbank Dr Mèrtin Duffy Hilary Hart Ichair until November 20221 Adele Kimber (Chair from November 20221 Geraldine Locke Revd Ben lovdl Kim Loxton David Meggitt Launce Sewell Martin Seymour Hampton Fuel Allotment Charity- Annual Report 30 June 2023
Page 17 of 49 HAMPTON FUELALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontsnuedl fof the year ended 30 June 2023 The principal address of the Charity is the offi$ of Hampton Fund, 15 High Street. Hampton, Middlesex 7W12 2SA. Hampton Fund is the working name for Hampton Fuel Allotment Charity Iregistered charity number.. 2117561. Forfurther information. please visitw¥Kw.ham tonfund. The Tmstees have made the following professional appointments.. Auditor. Mazars LLP. 6 Sutton Plaza. Sutton Court Road. Sutton. Surrey SMI 4FS Accountant- RSM UK Tax and Accounting Limited. Third FILhJf. One LLd0 Square. Cross Lanes. Guildford. Surrey GUI IUN Principal Banker.. Barclays Bank plc. Bardays Business, 8-12 Church Street, Walton On Thames, Surrey K[12 2QX Investsnent Advisor- Mazar5 Weahh Management. 30 Old Bailey. London EC4M 7AU Investment Managers= Barclays Wealth Management, I Churchill Place. London, E14 5HP Rathbone Brothers plc. I Curzon Street. London WU 5FB Pensions Advi50r= Puntersouthall Aspire. 11 Strdnd. London WC2N SHR The followin8 key members of staff a responsible forthe day-to-day managernent of the Charity.. David White D1Ctor luntil April 20231 Carole Swinburne Individual Grants Manager Jan Webb CommL*nity Grants Manager Sheila Pryde Assistant Grants Manager EXEMPTION5 FROM D15CLOSURE No exemptions from the di$dosu requirements applicable to a laer tharity have been taken in this Trustees. annual report. FUNDS HELD AS CUSTODIAN Although the Charity would maintain restricted funds to deal with 5ncomin8 sOUrceS that aTr earmarked for a particular purpose by donors, sponsors, and other fundet5, the Charity does not cuntIv hold any funds as custodian for any third party. This report was approved by Trust5 on 9 Novernber 2023. arml wa5 signed for and on behalfof the Board by . Chairman Date.. Martin Seym Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 18 of 49 INDEPENDENT AUDITOIYS REPORT TO THE TRUSTEES OF HAMPTON FUELALLOTMENT CHARITY Oplnlon We have audited the financial statements of Hampton Fuel Allotment Charity Ithe'charity'l for the year ended 30 June 2023. which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements. induding a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standards. including FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom GenerallyAccepted Accounting practi). In our opinion. the financial statements.. give a true and fairview of the State of thechariV5 affair5 at30June2023 and of its tncome and expenditure for the year then ended- have been Properly prepad in accordante with United Kingdom Generally Accepted Accwnting Practice. and have been prepared in accordance with the requirements of the Charities AcL2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities underthose standards are furtherde5cribed intheAiJditorfsresponsibilities lorthe audit of the financial statements settion of our report. We a indendent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRfs Ethical StandarLI and we have fulfilled our other ethical re5ponstbilities in accordance with these requirements. We believe that the audit evidetTrce we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the finanaal Statements 15 appropriate. Based on the work we have performed. we have not identified ary material uncertainties relating to event5 or conditions that. individually or collectively, may cast significant ijoubt on the charitys ability to continue as 3 80in8concern for a periotl of at least twelve months from when the finanual statements are authorised for issue. Our responsibilitie5 and the responsibilities of the Trustees with respert to goi concern are described in the relevant 5ection5 of thi5 report. Other Information The other information cornprises the information included in the TTUStees' Annual Report, other than the financial statements and our auditorfs repwt thereon. The Trv5tees are responsible for the other information. Our opinion on the finanaal ststements does not cover the other inlorniation anil we do not express any form of assurance conclusion thereon. Hampton Fuel Allotment Charity- Annual Report 30 June 2023
Page 19 of 49 INDEPENDENT AUDITOWS REPORT TO THE TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY Icontlnuedl In connection with our audit of the financial ststements. our responsibility is to ad the other information and, in doing 50, consider whether the other information is materially inconslstent with the financial statement5. or our knowledge obtained in the course of the audiL OrOtheise appears to be materiallymisstated. If we identify such rnaterial incon515tencie5 or apparent material misstatements. we are required to deterrnine whether there is a material mi5Statement in the financial statements or a material misstatement of the other information. If, based on the work we have performe(J, we conclude that there is a material misstatement of this other informètion. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by eption In li8ht ot the knowledge and understandin8 of the chartty and its environment obtained in the course of the audit, we have not identified material mi55tstements in theTru5tee< Annual Report. We have nothing to report in respect of the followng matters in relation to which the Charities (Accounts and Reportsl Regulations 21J18 requires tss to report to you if. in oijr opinion". the information given in the financial statements is inconsistent in any material respect with the Trustees. Annual Report., or sufficient accounting records have not been kept,. or the finèllcièl 5taternent5 are not in 3greernent with the accounting records- or we have not received all the information and explanations we require for ovr audit. Responsibilities of Trustees A5 explained rnore fvI in the Trustee5' re5ponsrbilities statement set out on p3ge 15. the Trustees a responsible lor the preparation of the financial ststements and for being Satisfied that they 8ive a true and fair view, and for such internal control as the TTU5tees determine is necessary to enable the preparation of financial statements that are free from material mi55tstement. whetherdue to fraud or error. In preparing the financial statements, the Trustees are responsible foi assessing the charitvs ability to continue as a going concern. disclosin& as applicable. matters related to going concem and using the going concem basis of accounting unlesstheTrusteeseitherkntendto liquidate the charity orto ase operations, or have no realistic alternative but to do so. Auditorfs responsib41itiesfor the audit of the financial ststements Our objectives a to obtain reasonable aSSurnn about whether the financial Statements as a whole are free frorn material misststement. whether due to fraud or error. and to ¢ssue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fr3ud or error and a considered material il, individuèlly or in the aggregate, they could reasonably be expected to influence the econornic deosions ol users taken on the basis of the finanaal statements. The extent to which our procedures are capable of detetting irregularities. indudtng fraud is detailed below. Irregularities, including fraud. are in5tance5 of non<ompliance with law5 and regulation5. We design procedures in line with our responsibilities. outlined atrthe. to detect material misstatement5 in respect of irregularitie5, indudin8 fraud. Hampton Fuel Alotment Chafity-Annual Report 30 June 2023
Page 20 of 49 INDEPENDENf AUDITOW5 REPORT TO THE TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY (Continued) Based on our understandin8 of the charity and its Sector, we considered that non-compliance with the following laws and regulation5 rright have a material effect on the financial statements." employment regulation. health and safety regulation and 3nti-money launderin8 regulation. To help us Tdentify instances ol non<ompliance with these law5 and regulations. and In identifying and assessing the risk5 of material misstatement in respertto norKompliance. our procedures induded. but were not limited to.. Inquiring of rnanagement and. whereappropriate. those tharged with 8ovemance, as to whetherthe charity is in compliance with laws and regulations, and di5CU55ing their poliaes and procedures regarding compliance with laws and regulations.. Inspecting corresponderice, if any. with relevant licensing or regLtlatory authorities." Communicating identified laws and regulations to the engagement team and remaining alert to èny indications ol non-compliance throughout our audit,. and Considering the risk of acrs by the charity which were contrary to 3pplscable law5 and regulation5. including fraud. We a150 C0fi5idered those laws and regulations that have a direct effect on the preparation of the financial 5tatement5, such as tax legislation, pension legislati. the Charities Act 2011 and the Charitie5 Statement of Recommended Prattice. In addition. we evaluated the trustees. and mana8emenfs incentNes and opportunitie5 for fraudulent manipulation ol the financial statements, induding the risk ol management override of controls. and determined that the princip31 risks related to posting manual journal entries to manipulate financial pÈrformance, managernent bias through judgements and assumptions in signifiGHnt accounting estimates, income recognition Iwhich we pinpointed to the cut-off a55ertionl. and significant one-off or unusual tranrtIonS. Our audit procedures in relètion to fraud included but were not limited to.. Making enquiT*es of the trustees and mana8ementon whetherthey had knowledge of any actual. suspected or alleged fraud., Gaining an understanding of the intemal controls established to mitigate risks related to fraud- Di5CU55ing amongst the engagement team the risk5 of fraud-, and Addressing the risks of fraud through management override of controls by perfom)ing joumal entry testing. There are inherent limitations in the audit procedure5 described above and the primary responsibility for the PTevention and detection of irregularities sncluding fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities. as these may invofve collusion. forgery, intentional omission5. MispresentatiOnS or the override of intemal controls. A further description of our responsibilities for the audit of the financial Statements is located on the Financial Reportin8 Council'5 website at www.frc.o auditors sibilities. This ¢Jescription form5 part ol our auditorfs feport. Hampton Fuel Allotment Char¥ty-Annual Report 30June 2023
Page 21 of 49 INDEPENDENfAUDifows REPORT TO ThE TRUSTEES OF HAMPTON FUELALLOTMENT CFiARITY (Continued) Use of the audrl report This report is made sdely to the chariws tTUStees. as a body. in accordance with Part4 of the Charities (Accounts and Reports) Regulation5 20. Our audit work has been undertaken so that we might state to the charitrfs trustees those matters we are required to State to them in an aL*Jitorfs port and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charl5 trustee5 a5 a body. for our audit work. for this report. or for the opinions we have formed. LLP Maiars LLP Chartered Accountants and StatutoryAuditor 6 Sutton Plaza, Sutton Court Road, Sutton. Surrey. SMI 4FS Date". 25 April 2024 Mazar5 LLP is eligible for appointment as auditor of the charity by vtrtue of its eligibility for appointment as auditor of a company under section 1212 of the Companie5 Act 2(X)6. Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Pase 22 gf 49 HAMPTON FUELALLOTMENT CHARITY STATEMENT OF FINANCLAL A1VITIEs for the year ended 30 June 2023 Unre5tricied Endowrnent funds fvnds Total 2023 Total 2022 INCOMEAND ENDOWMENTS FROM: Donation5 and legacie5 Donations Charitable aar¥ities Giving Erant5 Investments Investment income 350 350 250 27.592 27,592 47,435 250.030 1.652.541 L902.571 1,853,485 TOTAL 277.972 1,652.541 1.930.513 1.901,170 EXPENDMJREON.. Raising funds Irivestment management costs ChaTltable activities Giving grants 113.8591 188,0441 1101,9031 1114.0921 13.057.292) 13.057.292) 13,112,132) TOTAL 13,071,151) 188,0441 13.159.195) 13.226,2241 Net 8ains/llossesl on investments li 163.C66 954.249 1,117,315 12,054,826) NET IEXPENDITUREIIINCOME 12.630.113) 2.518.746 1111.3671 13,379,880) Transfers between funds I.5,(X} I1.5,{KI)I NETMOVEMENT IN FUNDS 11.130.113) 1.018.746 1111.3671 13.379.880) RECONCILIATION OF FUND5 Total fund5 brought forward at l July 2022 14 9.224,844 50,186.521 59.411.365 62.791.245 TOTAI FUNDS CARRIED FORWARD AT 30 JUNE 2023 14 8.094.731 51.205.267 59.299.998 59,411.365 Hampton Fuel Allotrno)t a)arity-Annual Report 30 lune 2023
Page 23 of 49 HAMPTON FUELALLOTMENT CHARITY STATEMENT OF FINANCL4I A1vITIEs for the year ended 30 June 2022 Unrestricted Endowment fund5 funLts Total 2022 Total 2021 Notes INCOMEAND ENDOWMENTS FROM: Donations and legac DonatlOn5 Funding in support of the OneRichmond initiative.. The National Lottery Community Fund The Harlequins Foundation Charitable activities Giving grants Investments Investment incne 250 200 100,wo 4.ICIJ 47.435 47,435 54,966 319,912 1.533,573 1,853.485 1.785.283 TOTAL 367.597 l.S33.573 1.901.170 1,944,549 EXPENDITURE ON- Raising funds Investment management costs Charitable actpiities Giving grants 119.6921 I94,4) 1114.0921 197.7151 13.112.132) 13,112.1321 12,777.5941 TOTAL 13,131.8241 194.4001 13.226.224) 12.875,3091 Net Ilossesl/gains on investments li 1354.6631 11.7Crf).1631 12.054.826) 7,019,747 NET IEXPENDITUREIIINCOME 13.118.890) 1260.9901 13.379.880) 6,088,987 Tran5fets between funds 2.SQ).Cm I2.5.0(x)I NEfMOVEMENT IN FUNDS 1618.8901 12.760,99)1 13,379,880) 6.088,987 RECONCILIATION OF FUNDS Total funds brought forward at l July 2021 14 9.843,734 52.947.SII 62.791.245 56,702.258 TOTAI FUNDS CARRIED FORWARD AT 30 JUNE 2022 14 9,224.844 50.186,521 59.411.365 62.791.245 Hampton Fuel Allotrnent Charity-Annual Report 30 June 2023
Page 24 of 49 HAMPTON FUELALLOTMENT CHARITY BALANCE SHEET 30 June 2023 Unrestricted Endowment funds fvnds Total 2023 Tot31 2022 Notts FIXED ASSETS: Tangible as5et5 Finanaal investments io li 1.172.823 1,172,823 1.180,632 6.521.338 50.56S.797 S7.087.135 56.648,732 7,694.161 50,565,797 58.259.958 57.829,364 CURRENT ASSEI5: Oebto Cash at bank and in hand 12 2.473 1.225.227 314.834 324.636 317.307 1.549,863 352.962 2.091.576 1,227.7CLI 639,470 L867.170 2.444.538 LIABIIITIES.. Creditors.. Amounts falling due within one year 1827.1301 1827.1301 1862.S371 NETCURRENT A55ETS 4.570 639.470 1.040.040 1.582,C#Jl TOTAL NAsSET5 8.094.731 51.205.267 59.299.998 S9.411.365 THE FUNDS OF THE CHARITY: Endowment Funds PermatFent EndowtDerEt Fund Unapplied Total Return Fund Unrestricted Income Funds General Fund 14 14 SL151,123 51.151,123 50.148,160 54,144 54,144 38,361 14 8.094.731 8.094.731 9.224.844 TOTAL CHARITY FUNDS 14 8,094,731 51,205,267 59,299.998 59,411.365 The financial statements on page$ 22 to 48 were approved by the Tfustees ar authorised for issue on 9 November 2023 and are signed on it5 behalf by.. . Chairman Martin Seymo Date.. A/oo 4"Tr25 - Chairman ol the Finance and Investment Panel Dr Martin Duffy Date.. Hampton Fuel Allotment Chèrity-Annual Report 30June 2023
Pège 25 of 49 HAMPTON FUELALLOTMENT CHARITY BALANCE SHEET 30 June 2022 Unrestrirted Endowment funds fvnds Total 2022 Total 2021 Notes FIXED ASSETS.. Tangible as5et5 Finanaal investments Social investments Concessionary loans io li 1.180.632 1.180.632 1.192.110 .201.740 48,446.992 56,648.732 60.194.473 9,382,372 48,446.992 57.829,364 61.391,583 CURRENT ASSETS: Debtors Cash at bank and in hand 3.252 701.757 349,710 1.389,819 352.962 2.091,576 354,108 1.834.321 705.(X)9 1,739,529 2.444.538 2.188.429 UABILITIES- Creditors.. Amounts fallin8 due within one year 13 1862.S371 1862.5371 1788.7671 NET CURRENT ILIABIUTIESIIASSETS 1157.5281 1.739.529 L582.DJI 1.399.662 TOTAL NET ASSETS 9.224.844 50.186.521 59,411,36S 62.791,245 THE FUNDS OF THE CHARITY: Endowment Funds Permanent Endowment Fund Unapplied Total Retum Fund Unrestricted Income Fund5 General Fund 14 14 50,148.160 50.148.160 48,687,534 38.361 38.361 4.259.977 14 9.224.844 9,224.844 9.843.734 TOTAL CHARITY FUNDS 14 9.224.844 50.186.521 59.411,365 62.791,245 Hampton Fuel Allotment Charity-Annual Report 30 June 2023
P<e 26 of 49 HAMPTON FUEL ALLOTMENT CHARITY STATEMENTOF CASH FLOW5 for the year erlded 30 June 2023 2023 2022 CLSH FLOWS FROM OPERATING ACTIVITIE&. Net cash used in operatin8 attltIeS 17 13.151,6571 13.080,7611 CASH FLOWS FROM INVESTING ACTIVlllES: Dividend5, interest, and rents from investFnents Purchase of property. planL and equipment Proceeds from sale of investments Purchase of investments Repayments of concessionary loans 1.937.446 1,845,581 16,4141 13.4801 45,172,264 5.232,411 144.493.3521 13.741.4961 Net cash provided by investing aciivitbes 2.609.944 3,338,016 Change in cash and cash equivalents in the reporting period 1541.7131 257.255 Cash and cash equivèlents at the be8inning of the reporting period 2,091.576 1,834,321 CASH ANDCASH EQUIVALENTSATTHE ENDOFTHE REPORTING PERIOD 1,549.863 2,091,576 Note-. The hi8h level of purchases and sales of investments in 2023 resulte¢J from the change of investment manager Ireferenced above under -Investrnent Policfl. Whilst scme individual equity investments were transferred from the outgoing to incoming manager -in specie- in order to msnimi5e transaction costs, investments in third-party lund5 were sold. transferred in ¢a5h and reinvetted. Hampton Fuel Allotment Charity- Annu31 Report 30 June 2023
Page 27 of 49 HAMPTON FUELALLOTMENTCHARITY NOYES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2023 ACCOUNTING POUCIES Basis of accounting These financial statements have been prepa in accordance with FRS 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland- and under the historical cost convention, except as modified for the annual revaluation of rtxed asset investments. Within the definltions of FRS 102. the Charity 15 a public benefit entity. The financial statements have asso been prepared in accordan with the accounting policies set out in more detail below, to comply with the ChariW5 governing document, the Charities Att 2011 and Accounting and Reporting by Charities.. Statement of Recommended Prartice applitable to charities preparing their accounts in accordance with the Finanoal Reportin8 Stantlard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. Going concern The global economy has been significantly impacted by the COVID-19 pan¢Jernic. war in the Ukraine, a spike in energy prices and high levels of inflation. This will be a challenging time for our Trustees and Investment Managers. However, the Trustee5 have con&dered the future likely cash flows for the Charity toverin£ a period of at least twe months Irom the date of approval of these financial statements, and they are confident that sufficient funding is available to support the on-goin8 activities of the Charity- The financial statements have therefore been prepared on a 80in8 concern ba515. The financial statements do not indude any adjustments that would result Should the going concern basis of preparation not be appropriate. lry the event that this basi5 is not appropriate provisions mav be requiced and assets may need to be written down to their recoverable amount. Income General donations and other similar types of voluntary income a brought into account when receivable and donated inc(me is induded 6ros5 of any attributsble tax recoverable. where relevant. Donations given for speiific purposes are treated a5 restricted income. Investment income is accounted for on a receNable basis once the dividend has been declared or the interest has been earned. Income re1vable from charitable actwitie5 is recognised as income when earned by the Charity. Hampton Fuel Allotment Charity- Annual Report 30 June 2023
Pa8e 28 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2023 ACCOUNTING POUCIES Icontinuedl Expendr<ure All expenditure 15 accounted for on an accruals basis and is allocatetl to the Chèriws principal attivity where the costs be identified as being dIreV related to that activity. All costs that cannot be identif1ed as relating directly to the Charity's principal attiwty are categOriS as either support costs or governance costs. Any costs that cannot be specifically cètegori5ed a allocated in proportions based upon a suitable ratio applicable to the nature ol the c05t involved. Governance costs are the costs associated in running the Charity as a United Kingdom charitable cornpany and specifically include the costs of the external audit. Grants payable are recognised in the period in which the approved offer is conveyed to the recipient except in those cases where the offer is conditional. such grants bein8 recognised only when the condition5 attaching to the award are fulfilled. Grants offered subject to corKlitions, which have not been met at the balan sheet date, a noted as a potential commitment. but are not treated as a Tangible fixed assets All tangible assets purchased that have an expected useful economic life that exceeds one year are capitali5ed and classTfied as tangible fixed 355ets. Tangtble fixed a55ets are stated at historical cost less depreciation. Depreciation 15 provided on all tangible fixed assets, other than freeholij land, at rates calculated to write each asset down to its estimated residual value over its expected useful life. a5 follows= Freehold al long leasehold property Fixtures, fittings. and equiprnent 2% straight line 25% reducing balance Financial investments The Chariws investments are included in the balance sheet at fair value Itheir market value). The gains or losses arising upon their annual revaluation are irKluded in the ststement of financial activities. Sotial inve5trnent5 The Charivs social investments a comprised entiwefy of concessionary loans. Concessionary loans are initially recogni5ed and measured at the amount loaned to the beneficiary invoed, with the carrying amount adjusted in subsequent year5 to reflect repayments and any accrued interest that may be relevant. If there is objective evidence of imp3irn)ent in relatton to any Cons1Onary loan, an impairment loss is immediately recognised in the statement of finatscial attivities, and thereafter. a reversal tsf part or all of the impairment will be recognised through the statement of linancial activities if the beneficiarV5 orcumstances improve. Hampton Fuel Mlotment Charity-Anntsal Report 30June 2023
Page 29 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL5fATEMENTS Icontinuedl for the ¥ear ended 30 June 2023 ACCOUNTING POUCIES (Continued) Financial instrurnents A financial instrvment 15 a contractthatgives rise to afinanual asset of one entity and a finaricial liability or equity instrument of another entity. Financial instruments ère trefOre classified and accounted for according to the substsnce of the contractual aangernent as finallcial as5et5, financial liabilities, or equity instrument5. An equity instrument 15 any contratt that evidences 3 residual interest in the a5set5 of the entity after deducting all of its lizbilits"es. Financial assets and liabilitles The Charivs debtors and creditors that meet the definition of eIttr a finanaal asset or a financial liability a initially Tecognised atthe transaction value and thereafterare stated at anrtISed cost using the effective interest method. Pension contributions The Charity make5 contributions into defined contribution pension Schemes on behalf of certain employees. The assets of the schemes are held separately from those of the Charity in independeTltIy administered funds. The amount charEed to the 5taternent of financial activities in respect of pension costs is the totsl contributions payable for the year. Fund accounting The general fund comprises the accumulated surpluses of unrestrirted income overexpenditure, which are avatlable for use In furtherdnce of the general objectives of the Charity. Restricted funds a funds subjecttospeufK wnditions imposed bydonor5. The purpo and use ofthe restricted funds are Set out in the note5 to the finanoal ststements. Amounts unspent at the year end are carried forward in the balan sheet. The permanent endowment lund 15 a specific type of resttitted fund. which cannot be spent as income. Instead. the lund5 must be held perm3nentW to Produ a retum for the Charity. The Unapplied Total Return Fund comprises that part of the total return on the Charit¢s permanent endowrnent inve5trHents which has not yet been allocated by the Trustees to eitherthe general fund or the permanent endowment fund. It can be carried forward if not needed or allocated to be spent as income or renvested in the permanent endowmeat fund in a partfjcular year. Hampton Fuel lotMent Charity-Annual Report 30 June 2023
Pa8e 30 of 49 HAMPTON FUELALLOTMEMT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl for the year ended 30 June 2023 CRITICALACCOVNTiNGJUDGEMENTS AND KEY SOUR(ES OF ESTIMATION UNCERTAINTY In the application of the Charitvs accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets aTrJ liabilities that are not readilv apparent from other sources. The estimates and underlwn8 assumptions are b35ed on historical experience ènd other facto that are tonsidereLI to be relevant. Actual results may differ frorn these estimates. The estimates and underlwne assumptions a reviewed on an ongoing basis. Revisions to accounting estimate5 are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future period5 if the revision affects both current and future periods. There were no specific judgements. estimates and assumptions that were Critical to the preparation of these financial Statements. INCOME FROM GIWNG GRANT5 2023 2022 Service income received frorn The London Borough of Richrnond upon Thame5 Rental income receNed 14,005 33.430 27.592 27,592 47,435 INCOME FROM INVESTMENTS 2023 2022 Arising upon the Charit15 li5teiJ investment portfolio.. Income frorn securities- UBS portfolio Income frorn unit trusts- Rathbones Portfolio Income from equities- Barclays Wealth 6(X).016 1.039,734 260,053 929,150 924,257 L899.803 1,853.407 Arising upon cash held-. Interest on tash deposits 2,768 78 1.902,571 1,853,485 Hampton Fuel Allotma)t (harity-Annual Report 30June 2023
Page 31 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTESTO THE FINANCIAL STATEMENTS {Continuedl ft>r the year ended 30 June 2023 EXPENDtWRE ON GINllNG GRANTS 2023 2022 Grants payable (note 61 Costs of the Or*Richmond initiative Support and governance tosts Inote 81 2.598,210 2,725.052 45.(KK> 14,996 414.082 372,084 3,057,292 3,112,132 GRAr5 PAYABLE 2023 2022 Grant5 awarded in the year (note 71 Conditional grants awarded in previous years where condttion5 2.598.210 2,726,052 34,(M)O 2.598,210 2,760,052 Grants no longer require<J.. St. Augustine's Community Care Tt 135.0(M)I 2.598,210 2,725,052 Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 32 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2023 GRANfS AWARDEO IN THE YEAR 2023 2022 Gn7rJt Giving- I11vId016rots Fuel 8rants- 2,028 8rants12021122- 1.929 grantsl Less= Fuel grant refunds Essentièl items and furniture School joumey grants- 120 8rants12021122.. 105 grantsl School uniform grants- 81 grants12021122= 76 grantsl Disability grants 1,082,775 1.080,449 15,2961 14,4871 67,132 67,531 15,618 15,669 8,791 13,400 1.170.010 L174,002 Gront Giving-community Gronts Advice, Advi)cary and Outreath Art5. Sport5 and Recreation Carers Children and Young People Community Activities Disability Education Health and Wellbeing Housing and Homele55ne55 Older People Other 89.A) Ii.(KN) 197,SOO 269,600 88,3(N) 305.1)JO 32.51XJ 192,600 45,(KKI 151,700 73,51XJ 68.OLKI 193.400 256.500 99.IJQK) 344,250 49,1 198,800 45,OLK) 196,500 28,C 1.428.2CQ 1.552,050 Total grants awarded irs the year 1598.210 2.726,OS2 See note 15 for a more detailed analysis of community grants awarded in the year. Hampton Fuel lotMent Charity- Annual Report 30 June 2023
Page 33 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIALSTATEMENTS Icontinyedl for the year ended 30 June 2023 SUPPORT AND GOVERNANCE COSTS Support Go¥ern3rKe costs costs Total 2023 Total 2022 5tèff costs Inote 91191%_-9%J Ground rent. rates, light. heat. and repairs Property costs Insurance Computer and website costs Stationery. p05tage. telephone. travejling and sundry Accountancy fees Auditorfs remuneration-. Auditorfs fee5 for audit servi Investment advi50ry services Le8al and professional fees Depreciation 257.289 6.536 147 2.977 5.711 25.446 282.735 6,536 147 2.977 5.711 230,416 4,071 13,(M)O 2,456 7.872 11,249 51512 11.249 52.512 10,668 47,520 17.497 17.497 20.495 14,744 23,138 3,241 14,958 20.495 14,223 14.223 371.139 42,943 414,082 372,084 Governance costs are the costs associated in running the charity as a United Kingdom charitable company and specifically indude the costs of the external audiL STAFF COSTS 2023 2022 The average rnonth number of employees lexdudin8Trusteesl during the yearwas.. Office and admini5trntion No. Staff costs for the above Persor.. Wa8Ès and salaries Social security costs Staff pension costs Settlement agreement costs Other staff costs 209.644 19.107 15.990 30,(KX) 7,994 195.631 20.038 14.736 li 282.735 230.416 During theyear. one employee leceived totsl emoluments lincludingsettlernent51 of between EllO,001 and £120.00012021122'. one between £70.1 and £80,(XM)l. In respect of that employee, total pension contributions payable durin6 the year atnounted to £6,875 12021122.. £5.7131. The total amount of employee benefits. including employerf5 national Insuran contributyons, receiva by key rnanagement personnel for their seryices to the Charity amounte¢J to £274.74112021122.. £195.3051. The Trustees received no remuneration12021122.. £Nill fortheir services provided to the Charity and did not claim lor any expenses incurred on behalf of the Charity duringthe currentor previousyear. Otherthan in respect of the Trustees. the (harity is not reliant upon the contribution of volunteer5. Hampton Fuel Allotment Charity-Annual Report 30 June 2023
Page 34 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTESTO THE FINANCIAL STATEMENTS Iconiinuedl lor the year ended 30 June 2023 io. TANGIBLE FIXED ASSETS Freehokl land and buildi Long Fi¥tures. leasehold frttings and property equlpment TOTAL C05t'. l July 2022 Addition5 1.102.582 6.414 254,866 108.703 1.466,151 6.414 30 June 2023 1.108.996 254,866 108.703 1,472,565 Depreciation.. l July 2022 Charged in the year 19.185 6.534 167.996 98.338 2.591 285,519 14.223 30 June 2023 25.719 173.094 l(Kl.929 299,742 Not book value= 30 June 2023 1,083.277 81.772 7.774 1,172.823 30 June 2022 1.083.397 86,870 10,365 1.180,632 During 2018119, the Charity acquired the freehdd of 3 4-bedroom residential property at 24 Ringwocmj Way. Hampton Hill, which it refurbished for a total cost of £638,6( and then leased to Spear Housing Association limited to be managed lor the benefit of formerly homeless people ttsnsitioning back into the community. The land element ol thi5 property with a historical cost of £321,(K)O is not bein8 depreciated, but the remaining bLJilding element is being depreoated on a 2% per annum straight line basis with effect from 2019120 onwards. The Charity is the legal owner of the freeh<Ad land on which buildioq projects have been undertakon. Grant funding to cover the costs of the building projects was induded in charitable expenditure in the year5 in which the expenditu was incurred. Detsils of the land and the CipIents of the grant5 are as follows.. Land Recipient of grdnt Land at school Road, Hampton Hill Hampton and Hampton Hill Community Care Group 235.973 Land at Oak Avenue. Hampton Richmond upon Thames Churches Housing Trust 165.309 Lènd at Princes Road, Teddington Richmond upon Thames Churches Housin8 Trust 60.OLK) 461,282 In each case, the recipient5 of the grants also benefit on a continuing bays from operating rerit free in these properties. The property values are hisloric value5. Hampton Fuel AllotmentCharity-Annual Report 30 lune 2023
P<e 35 of49 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2023 io. TANGIBLE FIXEOASSETS Icontinued) The long leaseh)Id propety represents the Chariws office at 15 High Street. Hampton. Below 15 a tsble listing all the Charitys property Inte$t5. LEGAL OWNER OF FREEHOLD LAND AND PROPERTIES l. The fjreenwood Centre. Hampton Hill The property 15 leased rent free to Hampton and Hampton Hill Community Care Group. It 15 a 99- year lease commencing 25 March 1991 (Land Registry fitle Nurnbers.. TGL57123 and MX2484831. The registered leasehold interest Wa5 transferred to the limited company Hampton & Hampton Hill Voluntary Care Icompany registration number= C64318821 on 26 October 2021 ILand Registryfide Number TGL818321. 2. Oak Avenuelmaple Ch)se. Hampton There are 8 bungalows on the site. The properties a leased rent free to Richrnond upon Thames Churches HOUng Trust for 99 years, commencing 23 May 1991. Richmond upon Thames Churches Housing Trust is now part of Paragon A5ra Housing ILand Registry fitle Number TGL615171. 3. 44 and 46 Princes Roadl8ranksome Close Teddington There are 4 ontrbedroom homes for disabled people. The properties a leased t free to Richmond upon Thames Churches HousinE Trust for 99 year5, commenciTrg 29 Septernber 1996. Richmond upon Thèmes Churches Housing Trust 15 now part of Paragon Asra Housing. Land Registry fitle Number MX101444144 PrInS Road) Land RegistryTrtle Number LI68336146 Princes Road) 4. 24 Ringwood Way, Hampton Hill The propertywa5 purchased in October2018 lor£575.0(KI. (Land Registryritle Number-. MX4165141 The property has been leased to Spear Housing Association timited for 6 Yea from June 2019. LEASEHOLD 5. office at 15 High Street. Hampton, TW12 2SA 999-year lease from 29 Septgnber 1988. Hampton Fuel lotMent Chaiity-Annual Report 30 lune 2023
Page 36 of 49 HAMPTON FUEL ALLOTMENT CHARtrY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2023 io. TANGIBLE FIXEDA55ETS (Coned} ADoloAL PROPERTY INTERESTS 6. The White House.The AnUe. Hampton The Charity provided agrant of £1.29 million tolund the construction of a cornrnunity centre. The was a long-term lease between the Trustees ol Hampton on Thames Community Association and the local authority, who a the owners of the lènd, but the lease was SUrned in September 2020. The loc31 authLYity will be working with other stakeholders to identify an appropriate or8ani5ation to manage the communtty centre with a long-term lease. The original lease was for 125 years from 15 January 1993. In the event that the building closes or is used for non-community use, the Chariry is entitled to compensation. Details a set out in the 1993 Deed between the Charity and the lotsl authority- The Trustees consider that the 1993 Deed 15 no longer 'fit for purpose., particulady following the surrender of the long-term lease. and a keen to ne8Otiate a new Deed with the local authority. 7. Property at 20 Seymour Road. Hampton Wick In 1991, the Charity provided a grant of £220.5¢J) to Richmond upon Thames Churche5 Housing Trust Inow part of Paragon Asra Hou5iRgl to convert a property into 4 5ell-contained flats for highly vulnerable people. If the current property is sold or is used outsidethe purposes forwhich the grant w35 made (that being support for highly vulnerable people). the Charity is entitled to the original grant or 54.5% of the sale. whichever isgreater. There 15 a new le6al a6reernent between the Charity and Paragon Asra Housing signed in 2019." and a charge has been placed on the property (Title number MX134751. 8. All Woather5ports Pitch at Hampton Academy Fundin6 of £375.000 was provided to the local authority foran all-weather 5PJrts pitch forthe then Rectory School Hampton. The funding is repayable if the covenants are broken within 60 years. Updated Trust Deed dated 19 August 2010. Èxpiry date 30 April 2051. 9. PropetTY at 26 The Green.Twickenharn Funding of £IOO.IKIO was provided in 1997 to Richmond-Upon-Thames Wdcare. later transferred to Southwark Diocesan Welcare. There is a charge on the property in favour of the Charity. If the property is SL4d within 2S years. the Charity is w receive five elevenths of the proceeds of the sale. 10. United Reformed Church. Hampton Hill Grant award of £290,0(KJ for community centre. 4reement between the Charity and the United Aefom)ed Church Isouthem Prowncel Trust Ltd dated 9 February 1996. The Agreement 5tate5 that if the church aSe5 to occupy the building or it is no longer used for CLYnmunity use. the grant 15 to be repaid. reducing £5.(m for each year that the community centre has been used by the church. Hampton Fuel Allotment Charity- Annual Report 30 June 2023
Page 37 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2023 io. TANGIBLE FIXED ASSETS (Continued) ADDlONAL PROPERTY INTERESTS Icontinuedl 11. Metropolitan Water Board Clvb and Institute. 3 Ashley Road, Hampton Grant awarded to Metrowlitan Water Board Club of £120,0(M) for major refurbishment work. If the owner closes andlor 5dls the property. the grant is to be repaid. A8reement dated 27 February 2006. The is a charge on the property dated 25 JLsne 2CQ8 in favour of the Charity (Title Number 56L2225981. ii. FINANCLAL INVESTMENT5 2023 2022 Investment listed on a recL¥nised stock exthange at market value.. Market Value at l Ju Purchases at cost Sale pred5 Reali5ed gains on Trivestnents ilnrealised gains/llossesl on investments 56,648,732 60,194,473 44,493,352 3,741,496 145,172,264) 15,232,411) 58,966 302,603 1,058,349 12,357.4291 Market value at 30June 57.087.135 56,648.732 At the balance sheet date. the marketvalue of the portfolio comprised.. UK investments Overseas investments 41,842.162 53,648,336 15,244,973 3.(m.396 57.087.135 56,648,732 Hampton Fuel Allotment Charity-Annual Report 30June 2023
Page 38 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2023 ii. FINANCLAL INVESTMENTS Icontinuedl 2023 2022 At the balance sheet date. the market value of the portfolio comprised= Unit trust funds Equities Money Market deposits 29.127.482 33.312.777 27.959,653 23,057,677 278.278 57,087,135 56.648,732 The historical cost of investsnents at the balance sheet date was £52.044.908 130 lune 2022.. £51.448,0501. Indivitjual holdings representing morethan 5% of the maTketwalue of the portFolio at the balance sheet date are as follows". 2023 2022 Rathbone Active Income & Growth Units- 21,808,537 units130June 2022.. 22.S74.172 units) The Charities Property Fund Income Units- No units130June 2022.. 2,174.707.219 units) 29,127,482 30.062,025 3.250,752 12. DE8TOIiS 2023 2022 Arnounts falling due within one year.. Prepayment and accrued income 317.307 352,962 13. CREDITOIIS 2022 2021 Amounts falltng due within one year. Social security and taxation Pension contributions payable Actrua15 13.777 2.710 810.643 12.304 1,814 848,419 827,130 862.537 Hampton Fuel Alotment Charity- Annual Report 30 June 2023
Page 39 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2023 14. THE FUNDS OF THE cHAlTy Transfers between fvnds l July 2022 Gains on Incorne Expenditure investments 30 June 2023 Endowment Funds-. Permanent Endowment Fund Unapplied Total Retum Fund 50.148.160 i.(K)2.963 51,151,123 38.361 1.652.541 188.0441 954.249 12.S02.9631 54.144 50.186.521 1.652,541 188.0441 954.249 11,5(X),O(K)1 51.205.267 Unrestricted Income Funds.. General Fund 9.224,844 277.972 13.071.151) 163.066 1,5CQ.(x& 8.094,731 59.411.365 1.930.513 13.159.195) 1.117.315 59,299,998 Transfers betwee fvnds l July 2021 Losses on Income Expendiiure investments 30 June 2022 Endowment Funds: Permanent Endowment Fund Unappl¢ed Totsl Retum Fund 48,687.534 1.460.626 50.148.160 4.259.977 1.533.573 194.4(KJI 11.7O).1631 13.960,6261 38.361 52,947,511 1.533.573 194.4QK)I 11,7(K).1631 12.SCQ.OLW)1 50.186,521 Unrestricted Income Funds: General Fund 9,843,734 367.597 13.131.824) 1354,6631 2.SLK).L 9,224,844 62.791,245 1.901.170 13.226.224) 12,054.8261 59,411.365 Hampton Fuel lOtMa1t (harity- Annual Report 30June 2023
P4e 40 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2023 14. THE FUNDS OF THE CHARITY (Continued) The Permanent Endowmeni Fund was established in 1988 when the Charity disposed of the freehold land granted following the 1811 End05ure Act. As a pemianent endowment fund, the assets cannot be directly applied to cover charitable e¥penditure, but income derwed therefrom can be treated as unrestricted at the discretion of the Tru5tee5 aad can then be used in accordance with the charitable objects. Under the powers granted to them by section 104AI21 of the Chariti Act 2011, the Tru5tee5 have adopted a Total Return approach to the management of the Perm8nent Endowment Fund. Included within the Pernianent Endowrnent Fund a net unrealised gains arising on the revaluation of investment5 totalling £4,446.229130 June 2022= £4.447,7151. The Unapplied Total Return Fund compri5e5 that part of the total return on the Charttvs permanent Èndowment investments which has not yet been allocated by the Trustees to either the General Fund or the Pem)anent Endowment Fund. It can be Caled forward if not needed or allocated to be spent a5 income or reinvested In the Pemènent Endowment Fund in a particular year. Included within the Unapplied Tot31 Retum Fund are net unrealised gaFn5 arisire on the revaluation of investments totalling £Nil130June 2022.- £Nill. The Genernl Fund comprises those funds which the Trustees are free to use in accordance with the charitable objectwe5. Included within the General Fund are net unreali5ed gains arisin8 on the revaluation of investments totalling £575.998130June 2022.. £752.9671. For the year ended 30 June 2023. the Truslee5 tOL* the decision to transfer £l.¢X12.963 1202V22.. £1,460,626) from the Llnapplied Total Retum Fund to the Pemianent Endowment Fund, and to transfer £1,51K),QKKI12021122= £2,5CK),0I from the Unapplied Total Return Fund to the Genefal Fund. Hampton Fuel Allotment Charity- Annual Report 30 June 2023
P<e 41 of49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIALSTATEMENfs IContin¥edl for the year ended 30 June 2023 15. GRAKfs AWARDED IN THE YEAR 2023 Advice. AdVa(¥and Outreach Richmond Advice & Information on Disability IRAIDI MoneyAdviceServiceforfomilies with complexneeds (With CitizensAdvice Bvreov}- solury tosts 34,0(KJ Richmond Qtizen5 Adwce Bureav Outreoch odvice 5ervice5- 5alory und runnitJ9 Costs 50.000 TW Money Advtce SeNice MoneyAdwceservire-solorycosts Totsl Awarded for Advi, Advocacy and Outreach 89,OC¥J Art5. Sports and Recreation OrangeTree Theatre Primoryond5econdoryShokespeore progromme5 in schools the HForeo- costs ii.o(x) Totsl Awarded for Arts. Sports and Recreation 11,000 Carers Richmond Carer5 Centre Curers 5UPPOrtseThice- st710ry costs Young Corers in Schtsols Projert- solorycosts Youf)g Corer5 Mentoring Projert- sulory und ortivities costs 49,500 34,000 31.0 Richmond upon Thames Crossroads Care Re5Plte Core l.-l undsoturdoy Club YoLing Ctsrers with complex needspeciolst mentoring project AdditionolHour5 1..1 Respite core 38,000 30,000 1S,(M)O Total Awarded for Care 197.500 Children and Young Peop 3rd Hampton Hill 1st Jame51 Scout Group Contribution toword5 new minibus to be used byscout Group ondHompton Hlllj(JnrSchool 22.500 Hampton Fuel Allotment (harrty-Annual Report 30 June 2023
P4e 42 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENfs (Continued) fof the year ended 30 June 2023 15. GRANTS AWARDED IN THE YEAR (Continuedl 2023 ADHD Embrace Advice, inforrnotion & workshopsforyoung people, pOrert carers ondprofe55ionuls- solory costs 12,(A)O Art & Soul Theropeuticort cour5E5foryoung people experiencing rnentol heolth issues- s010ry ond running cts5ts io.(MJo Brighter Together IntergenerotionGI pmiert Anvolving nursery ugechildren and olderpeople (Ktending o spite d¢ry Centre- running costs Home-start Richrnonij. Kingston aff HounslTr Volunteer Coordinotion ond troining supporting Vulnerae111es with children under 5-solories ondrunntng costs 35.OtK) LVA Trust PSHEles50ns und mentoring supportfor youngpeople-suloryc05ts. 28.(MlO MID Mediation and Counselling Ltd Counsellin9 ondsupportproiectfor children undfvmilies- s010ry ondrunnftng costs 16,500 MTV Youth Hampt(xi Yolrth clubs ond ortivittiesfor chtildren andyoung people- solory costs 30,0 Off The Record (Twickenhaml Counselling supptytforyoung peO- 5uIoryc05ts 24.000 OK Mu5iiTrust Mu5iclessons ondperformonceopwrtvnitiesfor youn9 people with dtisuknlities iO.IMXJ PCC St Richard's Church Chsldren &fomilies urtivit$ und support proiert- solorycostS Richmond Borough MINO fe Skills workshop undemotionol wellLEing 5essionsforyeor 11 pupils- soIuryc05ts Richmond Music Trtast Sub5idi5ed fflu5ic lessons undinstrument hftrefor young people fromfomilies living on o low income 26,(XXI Richmond Llsers Independent tiwng Scheme IRUILSI SENDAdviceService- solury c05t5 36.000 Total Awartled for Chlldren and Young People 269,6CKI Hampton Fuel lOtmt Charity-Annual Report 30June 2023
Page 43 of 49 HAMPTON FUEL ALLOrMEr CHARITY NOTES TO THE FINANCIAL STATEMENT5 Iconiifiuedl for the year ended 30 Jvne 2023 15. GFiANfs AWARDED IN THE YEAR (Continued) 2023 Cornmunity AciNrties Churche5 Together irTr Teddington Contribvtion toword5 Chri5tmos Doylunch ondortwitsforvulnemble olderpeople nden Hall Community Centre Ltd Coordinuti£Jn of Qctivitiesfvrolder0P1e und othercommuntygmups. st71orycosts Never Hungry in Hompton-foodprojects in the Hompron oreo- Nunning costs Summer htslidoy ocrivity tsnd lunchschemeforvu1neroblefvmi15- running costs 35,0(KJ 10.000 1.6rx) Multicultural Richmond Community (FCtivitie5 to redUSOCi1isolOtion-sO1ary ondrunning costs 6.5 Richmond and Kingst( Accessible Transport Coordination of Community Tronsportfor locolcommunity groups-sulory ondrunntng costs 14,300 The Wineyard Community Centre Supportfor Ukroinion Refvgees Itving tn thelocol community-nJnning Costs June. December 2022 Ukrainian social aub CIC Support ond octivitie5lor Ukroinion refugees livin9 in the locoloreo 12,0(KJ Totsl Awaydedfor Community ArtivitFes 88,3LYI Disability Integrated Neurological Services Rehabilitotion Teom 5UPPOrting people with neurologicalcondtitn5- solory costs 29,8LK) Middlesex Association for the Blind Mobile Resource Unit- Owofeness Home Visiting Service ond Ropid Respon5eCoun5elling 13.0 OK Music Trv5t Music lessons tsndperformonce opportunitie5fvr young people with addit01 needs- stilorS ondwnnin9 Costs 15.000 People Hive Volunteering & employment twportunittes & (Jrtwits progrommeforpeople with leornin9 disobJ"lities- solory costs 33.CX)O Hampton fvel Allotmwt Chartty- Annual Report 30 June 2023
Page 44 of 49 HAMPTON FUEL ALLOTME CHARITY NOTES TO THE FINANCIAL5TATEMENTS Icontinuedl for the ye3r ended 30 June 2023 GRANTS AWARDED IN THE YEAR Icontinuedl 2023 Richmond Advice & Information on Disability IRAIDI MoneyAdvice Projecr- stsltsryond runnino costs Contribution towords core 3olttries ondrunning costs 26.OiX) 40,000 Rithmond Mencap WEEkend ortivitie5 progrommefor young people with leorning disobilities- st71ories ondrunning cosrs Solory cost51orkey stuff LTnd Holiday t1VleS progrummefor young people with leurning di50bilities 12.21K) 32,(X)O Richmond Users Independent Living Scheme IRUILSI Fomify m¢Xters Projert supportingf(Jmilie5 With di5Gbledchildren- soluries ondrunning costs 32,0(Kl Skylarks SENDAdviceService- 501ury costs Development &fundrossing- 501ury costs 30.0(K) 25.000 TAG Youth Club for Disabled Young PpIe Youth club ondortivitse5for children ond ytwng people with di50bilities- solories ondrunning costs 15.OCM) Totsl Awa¥ded for Disability 305,CNXI Education Learn Engltsh at Home Provision of l."1, cl(ysses, ondcommunity Englsh lunguGge support- 5ulories ond running costs 22,500 Richmond EAL Friendship Group C1055es ond commvnify bosed English longuuge 5UPPOrt-5alorie5 ond running r05t5 10.0 Total Awarded for EducatTron 32.SOO Hampton Fuel Allotment Charity- Annual Report 30 June 2023
Page 45 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMEMfs (Continuedl for the year ended 30 June 2023 15. GRANTS AWARDED IN THE YEAR (Continued) 2023 Health and Wellbeing Food forThought Heathfield CJC Food5urplu5 projert- soloryondrunning costs io,(xYtr The Mulberry Centre Advice, ther0e5. ond5UPPOrtforpEopleofferted by concer- solory costs Richmond Borovgh MIND Support ondinformotion to improve mentol heutth ond wellbEing- solories und running costs 40,000 SEEN Schools progromme supporting PSHEleurning-5ubryondrnnnitJg ctssts Sheddington Community ortivitNes ondsupport to impmve emotional wrllbetng und reduce i501ution- running costs Space2Grieve Provision of bereovement5UPPQrtforodults. children ondfvml1- salary ond wnning costs 22.000 Still Building Bridges Support Gndortivitse5forpeople with long term mentol heolth condition5- runnin9 Costs The Re31 Junk Food Project trpJFPI Foodsurplus project and community cafes-501one5 ondrunning costs 24,6(X) The Vineyard Community Centre Coordinotion of Ioctilfood bonks. crisi5SUPPOrtfor vulneroble wple- solorie5 LTndrunning costs 30,CQ) Voice5 of Hope Brite Box nutrition cooking projert in rtnership wtth local schwls- runnin9 Costs 20,WO Total Awaed fly Heath and WellbeFng 192,6C Hampton Fuel Allotment (harity- Annual Report 30 June 2023
Page 46 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENT5 Icontinuedl for the year ended 30 June 2023 15. GRArS AWARDED IN THE YEAR (Continued) 2023 Housintènd Homelessness Spear Housing Association Limtted Troining, volunteering Dndemployment opptrtvn1tS project 5UPPOrting people who hove experiencedhonle55ne55- solury costs 45.OLKJ Totsl Awarded for Housing and HOMeSnesS 45.000 Older People Age UK Richmond upon Thame5 Advice seFvicesfor olderpeople- solury c05t5 SubsAdised Person serviceforolder people- nmning costs 64,200 ii,o(x) Elleray Community Association Volunteer co-ordinotion undort1vitie5forolderp1e- solarycosts 26.500 Embracing Age Volunteer c(pordlnotn to support to olderpeople Iwing in cure IrneS- solury cost5 Homelink (St Augustine's Community ca Tnstl Re5Plte doy core ondoctivits fvrolderKEople ond5UPPOrtond informt7tAonforcorers- sulors undrunning costs 35.CQO Whitton Network Volunteer co-tsrdftn0t to provide community trun5W)rtforolder ond vulneroble people- salary c05t5 Total Awarded for Older People 151.700 Other Richmond Furniture Scheme Volunteer co-ordinatAonforcommuntyfurniture recycling proiett-soknrycosts 28,(XJl Roorn For Work Contribution towords 2 x 12-weekcour5esAorunemployedpeople oged40*- rnnning costs 7,5(NJ Shepherd's Star Mentoring, troinin& ond volunteering opportunities proiertfor lne[Oble people- running costs 10,5(X) Totsl Awarded for Other 46,0j Hampton Fuel Mlotment tharity- Annual Report 30 lune 2023
PaBe 47 of 49 HAMPTON FUELALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl tor the year ended 30 June 2023 16. RELATEO PARTY TRANSACTIONS All the Charity'5 Trustees are drawn from the London Borough of Richmond upon Thèmes orwill have a strong connection to the Borough. Many a very active in the community and brin6valuable knowledge and information to the deosion-makin8. When ihe possibility of awarding a grant to an organisation wth which they or their fam*ty a connected is being considered, the Trustee concerned declare5 an inteTe5t and if present atthe meettn& will leave the room before any discussion takes place and a final decision is made. Related partytransartlOn5 will beOrded even if a Trusteewith a potential conflict of interest is not in attendance at the meeting when a decision is made. During the year, the Tru5tee5 awarded the following 5 grants totalling £133.1XJO12021122.. 9 8rant5 totalling £276,0) of which the followin8Trustee or dose farnily, may be re8arded as a related party.. DeScrIp0 Amount 1£) MTV Youth Hampton Ben Lovell ITwstee of Mfv Youth Homptonl 30,000 The Mulberry Centre Dovid Me9gitt (Former Tnjstee at The Mulberry Centrej 30.000 Richmond Usors Independent Scheme IRUILSI Richmond Users Independent knving Scheme IRUILSI D(Jvid Meggitt (Portner is o volunreer ot RUILSJ 32.000 36.OLK) TW Money Adwte Service Miyrtin Duffy ifrustee ot TWMoneyAdvice Service) S,()0 Total 133,CU) In addition to the abtsve, durin8 the year. Mel grants amounting to £520 were awarded to a relative ol member ol the Charity5 stsff. 17. RECONCILIATION OF NET EXPENDITURE TO NETCASH FLOW FROM OPERATING ACTIVfflES 2023 2022 NET EXpENDuRE FOR THE REPORTING PERIOD 1111.3671 13.379.8801 Adjustments for.. Dividend5, interesL and rents from investments Net Igain511105se5 on investments Depreciation charges Decrease in debtors IDecreasellincrea5e in creditors 11,902.5711 11.853,4851 11,117.3151 2.054,826 14.223 14,958 9.050 73.770 135,4071 NET CASH USED IN OPERATJNG AcfivinES 13,151,657) 13.080.761) Hampton Fuel Allotrnent Charity- Annual Report 30 June 2023
Pa8e 48 of 49 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIALSTATEMENTS (Continued) foi the year ended 30 June 2023 18. ANALYSIS OF CHANGE5 IN NET FUNDS At l July 2022 Cashflows At 30 June 2023 Cash at bank and in hand 2.09L576 1541,7131 1.549.863 NETFUNDS 2,091,576 1541.7131 1.549,863 19. FINANCIAL INSTRUMEfr¥fs 2023 2022 Carying amount of financial assets= Equity instruments measured at fairvalue 57.087,135 56,648,732 Hampton Fuel Ajlotment Charity-Annual Report 30 June 2023
Page 49 of 49 HAMPTON FUEL ALLOTMENT CHARITY FINANCIAL STATEMENfs for the year ended 30 June 2023 ACCOUNTANf5 REPORT TO THE BOARD OF TRUSTEES OF HAMPTON FUEL ALLOTME CHARITY ON THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 In order to assist you to fulfil your duties under Charities Act 2011 and regulationsthereunder. we prepared for your approval the financial statements of Hampton Fuel Alotment Charity. which comprise the Statements of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related note5 as Set out on page5 22 to 48 accordance with the financial reportingframeworkset out therein from the CharlS accounting record5 and from infomiation explanations you have given us_ As a practi5ing member firm ol the InstitLrte of Chartered Accountsnts in England and Wales IICAEW), we are subject to its ethical and other professional requirements which a detailed at= http.'//www.icaew.comleA/members/re8ulations-standards-and-guidatsce_ Thi5 report is made Sole to the Board of Trustee5 of Hampton Fuel Allotment Charity. as a body. in accordance with the term5 01 our engagement letter dated 7 July 2022. Ourwork has been undertaken solely to prepare for vour approval the financial statements of Hampton Fuel Allotment Charity and stste those matters that we have agreed to state to you in accordance with ICAEW Technical Release 08116 AAF a5 detailed at icaew.com/compilation. This report 5houliJ not therefore be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against RSM UK Tax and Accounting bmited for èny purpose or in any context. Any party other than the Board of Trustees. which obtains access to this report or a topy and chooses to rely on this report lor any part of itl will do $0 at its own risk. To the fullest extent permitted by law, RSM UK Tax and Accounting Limited will accept no responsibility or liability in respect of this reporr to any other party and shall not be liable for any loss. damage or expense of whatsoever natu wh5ch is caused by any person's reliance on repre5entstions in thi5 report. It is your duty to ensure that Hampton Fuel Allotment Charity has kept adeouate accounting records and to prepare statutory financial statements thèt give a tiue and fair wew of the assets, liabilities. finèncièl position, and net movement in fund5 of Hampton Fuel Allotment Charity under the Charities Act 2011 and regulations thereunder. We have not been instructed to carry out an audit or a review ol the finanaal statements of Hampton Fuel Allotment Charity. Forthi5 reason, we have not verified the accuracy or completeness of the accounting record5 or information and explanations you have given to us, and we do not. therefo, exp$$ any opinion on the financial statements. RSM UK Tax and Accounting Limited Chartered Accountallts Third Floor. One London Square Cross Lanes Guildford Surrey GUI IUN 26 April 2024 Hampton Fuel Allotment Charity-Annual Report 30June 2023