Charity number.. 211756 HAMPTON FUEL ALLOTMENT CHARITY ANNUAL REPORT 30JUNE 2024 Hampton Fund R5M UKTax and Accounting Limited Third Floor. One London Square Cross Lanes, Guildford Surrey GUI IUN
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HAMPTON FUEL ALLOTMENT CHARITY
ANNUAL REPORT for the year ended 30 June 2024
| TABLE OF CONTENTS The Chair’s Report Trustees’ Annual Report Independent Auditor’s Report Statement of Financial Activities – Current year Statement of Financial Activities – Comparative year Balance Sheet Statement of Cash Flows Notes to the Financial Statements Accountant’s Report |
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Hampton Fuel Allotment Charity – Annual Report 30 June 2024
Page 2 of 48 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIR'5 REPORT for the yezr ended 30June 2024 It is a rule of Hampton Fund (the WOTking name of Hampton Fuel Allotment Charity) that its Chair serves in th8t role for a rnaximum of five years. This will therefore be my last Chairfs report for this organisation. This is ol course an AnnLJal Report and nor a five-year review. but I did want to take the opportunity to thank our staff and my fellow Trustees for their support and Indulgen durin8 myterm of office. Thank you. It has been a 8ood year for the fund in many way5. Not least that we have ended the year with a record overall valuation. This means we are rn a Stronger p05Tthon than everto help those who need it m05t. We have a150 been blessed with our new CEO. Richard Barron. who has brought a much-needed boost to the quality and professionalism tsf Hampton Fund. It ha5 also been a good year by the absence perhaps of some of the challenges faced by the fuod in the recent past. No more lockdown5, no more extraordinary price increases, especially in fuel costs. A fvll and healthy team of staff. Also, a sense that we can now Set our direction. lor the first tirlle in a while. rather than being driven bv events. More on this over the page. Throughout all of this we remain very much awafe that not everyone is so fortunate. The purpose of the fund remains today as it was 213 year5 ago when it was created by King George 111. to help those most in need. It is my sincere hope and belief that. by keeping our own house in ordw, thosewho on tss can continueto do $0. perhaps for centuries more. IYS whai we do Hampton Fund provide5 Brant5 and other forms of financial help to low-income families and individuals and to other locèl Chariti that provide a range of services wirhin the community. It 15 our stock-marker-investeo endowment fund that enables usto do this. The recent movement of part of th8t portfolio to Barclays Prwate Bank has seen them get off to a good start and confirmed that the rnove was the right one. Naturally we do not rely on a nice steady market improvement wortdwde and it's when times ère hardest that we are needed the most. 5ts. in the upswing we put reserves in plKe. so that we are able to meet all of our budgeted commitFnents and more in less lavourable times. How have we helped individuals this year? Hampton Fund began in 1811 to provide fud to those in need and th* long tradttion continues today. Most individual awards are fuel grants paid dIrlY to energy suppliers on an applicanys behalf. Durin8 2023124, we awarded 2,121 fuel grants to individuals totalling £1.142.860. a rwbode5t incfea5e on the previous year12022123 saw 2,028 payments at a c05L of £1.082.7751. Although not a large part of our spendin& grants for the purchase of basic white goods. for example a fridge or a cooker, were up by 29%. Often these 6rant5 wefe ma¢Je where rehousing wa5 needed, peCIallY ol those previously homeless. Meanwhile. grants awarded for school journey were down 12%. Those in need could apply directly to U5 in person oronlit)e via www.ham tonfund.co.uk Hampton Fuel l0tMerbt Ch3rity-Annual Report 30 June 2024
Page 3 of 48 HAMPTON FUEL ALLOTMEMf CHARITY THE CHAIR'S REPORT Icontinuedl for the year ended 30 June 2024 How have we helped local charities this year? Theworkof the manychartiies and community group5 in our borough 15 of vital importance and will undoubtedly Temain key In the near future. Their work is very much needed and appreciated in a tJorou8h that is perceived to be affluent but with particular challenges for those in 31 need which have resulted in.. Le55 infrastructure to rneettheir requirements,. Organis3tion5 frorn outside the PL)rough hawn8 little interest in providing help to those within it.. The gap between rich and poor compounding other issue5 such a5 1501ation and mental health problems: and Property prices exècerbaiin£ homelessness. We continue to support those in need by making grant5to many of these organisations. Our grants cover a wide variety of sectors, includin8disabiliry. older people. childien and young people. carers and mental health a5 well as community activities. Cornmunity Grants Manager. Jan Webb, rgtired during the year. and I would like to add here to the tnany words of appreciation given for her contribution. Similady. we welcome in her place zenaid Richards. who bring5 renewed energy and insi8ht to the role. Hampton Fund made 49 comrnunity grants in 2023124 to charitable organisations167 in 20221231 totalling £1.433.9111£1.428,2(X) in 20221231. Between individualldirert grants ènd communTty/charity grants, it is estimated that Hampton Fund and the charities it supports have benefited approxirnately one in ten of the residents of our catchment are8. How can we do more? Individual grant surveys aFMJ end-of*Tant montorIng pOrE$, from the groups we fund. are two ways we have evaluated the imp¥t of our funding. This year howeverwe have tèken a more straregic look 3t the impact ol our work. Our objective is increased confidence, for both us and for you. in our 8rant-makin8 decisions. For thi5 we have undergone a standèrdised. external facilitated process leading to a formal Yheory of Change". The details are less important perhaps than the desired outcome- people experience reduced hardship and more acces5 to opportunriies to live well. If this leads to a change in our criteria for grants, we will flag this well in a(Svance and tran51tion appropriately. In the long term an objective. evidence-ba5ed approach will provide assurance that we are doing all we can. to brin8 the grearest benefit to those who experience most hardship. Sorne year5 ago, and beyond our stock-market based lundrai5in& HaTnPton Fund aL%o initiated a-pled based giving" scheme to release further fvnding from wsthin the borovgh. Soon Richmond Parish Lands Charity IRPLCI signed up and have done a great deal for tt since. The resulting OneRichnKJnd was established jointly by the Hampton Fund and RPLC and this year it ha5 become n independent charity tn its own right Icharity Number 12080291. Their aim isto work with others to unlock significant additional resources. from within and outside the Borough. in order to improve opportunitie5 and change lives. Their vision is a connected and engaged Richmond where everyone has the opportunity to thrive. We want them to succeed in this and we continue to support them. Hampton Fuel Allotment Charity- Annyal Report 30 June 2024
Page 4 0148 HAMPTON FUEL ALLOTMENT CHARITY THE CHAIR'S REPORT (Continued) for the year ended 30 June 2024 mee& lotal needs today ond tomorrow Looking after the endowment fund and balancing the needs of present and future 6eneration5 are challenges that we. a5 Trustees. have to consider carefully. Accordingly. our prime investment objective is to ensure that funds available for beneficiaries are mainrained in real terms, so as to ensure that future8enerations may benefit from the endowment at least as well as the current one. In orderto achievethis goal, we have adopted a Total Return. approach to investment which allow5 Trustees to use both iniome and capital gTOWth produced by the endowment fund to satisfy expenditure. Thi5 removes any reliance on income alone to meet expenditure and pertnits a more flexible and longer-term investment approach. In looking after our endowrnent. wetake independent professional adviceon how itsfinancial assets are invested and managed. During the year. management of the endowment's assets was shared between Barclays Private Bank and Rathbone Investment Managernent. Akhough ourtotal investment portfolio move5 up and down with the rnarket5. we take a long-term view that has seen steady growth in rhe fund and what rt can give to those in need locally. Charity Kovernance Governancecontinuesto be an importarf duty of the Board ofTrustees, and we execute a pro8ramme of regular review of all our policies. Staff turnover is another important risk to manage. with just two changes this year (mentioned abovel. I give my thanks once ègain to our team of profe55ional5. Our Trustees Ultimately governance sits with rhe Trustees. Up to 12 Trustees are permitted to serve a maximutn of two five- year terms. with the exception being the ex officio Trustee a5 Vicar ol St. Marfs. We believe this offers a healthy balance of stability and turnover. wtth u5ualfy one or two new each year. At the close of this year, we will lose Drjames Brockbank. Jim is Chair of our Stakeholder Engagement Panel bur has a150 provided wonderful added valve using hks experience as a doctor and former Trustee of other organisations. Also reaching the end of her term is Kim Loxton. Kim'5 quiet dedication to the Fund and frequent personal visits to beneficiarie5 are a contributK)n that will be hafd to replace. They will both be sorely missed. Keep in tovch Finally. do tap into our continued presence on s(Kial media and on our website www.ham Otherwise. if you would like to Speak directly to us. do call our office on 020 89417866. tonfvnd.co.uk. As I sign off as Chair. I wish my 5UCte550r all good fortune as Hampton Fund femains forever in trust for the benefit ol the people of Hampton and beyond. whater comes our wèy. we wll be here for you. With thanks - Chair Date.. Martin Seymo Hampton Fuel Allotment Charity- Annual Report 30 June 2024
Page 5 of48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT for the year ended 30 June 2014 The Trustees present their report and the financial staternents of Hampton Fuel Allotment Charity (also referred to as"Hampton Fund- or.the Charl) for the year ended 30June 2024. The financial statements have been prepare(l in accordance wtth the accovnting polities set OkSt in the notes to the fin3ncial statement5 an¢J to cornply with the Charity's goveming Ik)ctsment, the Charities Act 2011 and Accounting and Reporting by Charities-. Staternent of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reportsng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019 OBJEUIVES AND A1VITIEs Charitsble purpose and actNitie5 The Charity exists to addres5 need in the community and to improve the quality of life of inhabitant5 in its area of benefit. This need may arise from variou5 50uries. including financial hardship. ill-health and disability, ènd mental health challenges ènd social i501ation. It achieve5 thi5 purpose by making grants, tx)th to individuals and families and to not-for-profit organisations whose work falls within these parameters. The funding for these grants arT5e5 Out of income derThFed from the Charty's investments. The Charity aims to ba13nce the needs of current aad potential future beneficiaries by maintaining the value ol the endowment in real tem)s, in addition to meeting cvrrent needs. The area of benefit within the London Borough of RIChnnd un Thames ILBRUTI and in order of priority, is.. 11 Hampton and Hampton Hill.. 21 the remainder of the former Borough of Twickenham (Hampton Wick. Teddington, Twickenham and Whittonl- and 31 the remainder ol the present LBRUT. Indiwdual yants are restrtcted to the first two of these. Grant making policy l. Individual grants- Families and sndwiduals on low incom To meet a proportion of the electricity and gas bills of individuals and familie5 who meet our criteria- To provide essential equipment Ifor example white goods or items of furniture)., and To support children, who are in their penuttitnate or final year at junior school. with the c05t5 of the school journey and school unrform. Beneficiafies must Iwe in the Hamptons. Teddington. Twickenham. or Whitton. 2. Community grants OrEanisations are svpported to tackle need and improve qualtEy of life, benefiting residents in the following aa$-. the Hamptons, Teddington. Twickenham. and Whttton. The Trustees may consider initiative5 that also benefit residents in the rest of rhe London Borough ol Richmond-upon-Thames. providing there is a significant proportion of beneficiarie5 from the areas ourlined above. Hampton Fuel Allotment Chartty-AHnual Report 30 June 2024
Page 6 of48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT Icontinuedl for the year ended 30 June 2024 What the Charity t5 vnfiketyto support The Charity is unlikely to suprK&rt any of the following= Holidays Iwi(h the exception of severe medical or health needl Services whiih are the responsibility of a statutory trK)dy Grants to indNidua15 for private and p05t compulsory educatton Retrospective funding, both capital and revenue National general charitable appeals Endowrnent appeals The advancement of religion and relF¥ious group5. unles5 they Off a non-religious service to the comrnunity Projetts of a political natu Animal welfare Commercial and bv5iness activttie5 Social Enterprises except Communrty Interest Companie5 ICICs1 How to apply for a grant- Indhviduals Our individual grant application form 15 now available to complete online through the following link.. htt www.ham tonfund.co.u For those who do not have access io the internet. the applicatioft fom, whTch should be sent tts the Individual Grants Manager, is also available to download from our website www.ham tonlund.co.ukl. The forms are also available from the Chariws office and from advice and community centres in our aa of bet)efit. How to apply for a grant- Organlsations Infomiation and guidance on the ChariW5 application proce5sfor acommunity grant is available on the Charity's website www.ham tonfund.£o.ukl. including a copy of the application forms. Public benefft The Trustees have taken the Charity Comvnis5Fon'5 general guidance on public benefft (contained within the recent publication 'Charities and Public Benefit") into considefation in preparing their statements on public benefit contained within thisTrustees' Annual Report. Our vi510n 15 an efflpowered. resilient. and compa55ionate community where everyone has an equal oprKJrtunily to thrive. The Charity provide5 grants both dirett to individuals and through charitable or8anisations. Our purpose through these grants is to create opportunities to live well by rdieving the burden of financial. physical. and emotional hardship in our community. To determine to what eent the Charity is achievtng publ benefit. the Trustee5 use the following measure5 of success and gather evidence accordinglv. A55es5ment of the orgènisatioris we fund to deteTmine posrtive outcomes foT people in our area of benefit.. Evaluation and Impact repons of the work we fund from org3ni5atioAs, incluilin8 case studies., ènd Feedback such a5 Surveying and -thank you~ letters from individual recipients. and from other people and organi5ation5 dealing with our beneficiaries. Hampton Fuel Allotment Chartty-Annual Report 30 June 2024
Page 7 of48 HAMPTON FUEL ALLOTMENT CHARITY TRUSfEES' ANNUAI REPORT (Continued) for the year ended 30 June 2024 ACHIEVEMENTS AND PERFORMANCE fjmnt gA¥trng- Indivtduolgronts During the year, the Trustees awarded grants amounting to £1.253.073 12022123.. £1,175.3061. This is higher than the previousyear. and a significant increase on prtrCOVID levels. which 15 not unexpected and is lareely due to the same contributing fartors.. Because of the continuin& unprecedented increase in energy price5 over the previous two Yea and the impart on ga5 and elettricity bills, the Trust have ident6fied that families are partiC4Jlarly vulnerable at this time.- and Increased awarene55 of our 5UPPOrt W7th the use of social media. other local prony)tional work and a new System of renewal reminders. A summary of the indiwdual grants awarded in the year 15 as follow5.. Grants awarded 2023124 Numbei Grants awarded 2022123 Number Category Fuel grants Essential item5 and furniture 2.121 1.142,860 88,798 2,028 1,082,775 67,132 15,618 8,791 990 School journey grants School uniform grants Disability grants TOTAL 13.945 7,21 120 72 81 270 1253.073 14,5911 1.248J82 1.175,306 15,2961 1.170.010 Less.. Fuel grant refunds TOTAL Grant giving- Communitygronts Duringthe year. the Tru5tee5 awarded 49 grant512022123.. 671 amountin8 to El.433.91112022123.. £1.428.20DI. For a full list of the community grants awarded in 2023n4. please see note 16 to the financial statements. A sumtnary of the community grants awarded in rhe year is as follows.. Grants Awarded Z023124 Number Grants Awafded 2022123 Number catory Advice, Advocacy & OLJtreach Arts. Sports & Recreation Carers 52.SCXJ 89,0(K) 35,0(K) 180,050 203.532 128,115 316.150 11,0 197,500 Children & Young People Comrnunity Activities Disability Education 14 269.600 88,300 305,(K)O 13 32.500 32.500 192,600 45,000 151,700 46.000 IA28.200 Health & Wellbeing Housing & Homelessness Older People Other 12 242.514 35.000 192.950 15,600 L433.911 io TOTAL 49 67 Hampton Fvel Allotment Charity- Annual Report 30 June 2024
Page 8 of 48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 30 June 2024 OneRichmond OneRichmond wa5 established jointly by Hzfflpton Fund and another important focal grant-making charity. Richmond Parish lands Charity IRPLCI. Independent research cornrnissioned by the Charity and RPLC Ion The Edge. available on request) £on£luded that the perception ol Richmond a5 3 wealthy place masks high levels of hidden need. OneRichmoNd exist5 to unlock new funding and encourage the community to enfe localty. enabling real change right on its doorstep. They do thi5 by using evidence. local voice. and insights to inform priorities and grant making. Their vision is a connected and engaged Rbchmond where everyone has the opportunr(v to thrive. OneRichrnond's priority theme is unpaid (3r$ and parent carers. There are many carer5 across the local community includin6 those caring for their spouses. parents, or childn. Whilst the needs of these different type5 of carer Fnay differ. there 15 a common theme of feeling lonely and ixjlated. In the past year. OneRichrnond ha5 5ucce55fully achieved Charitable Incorporated Organisation ICIOI status. The Board of the new CIO include5 four trustee5 nominated by both Hampton Fund and RPLC as well as three appointed independentlv. Trustee5 at Hampton Fund consider that OneRithmnd add5 walue to its existing work. For furrher information on OneRichmond. please visit www.onerichmond.or FINANCIAL REVIEW Financial resutts of activities and events The Charity's investwent5 produced a total return (defined as investment income plus capital gains or losses) of 14.7% or £8.37 million 8ain12022n3'. +S.33% or £3.02 million gain). being investment income of £1.29 million 12022123.. £1.90 million) plus capstal gains 01 £7.08 million12022123.' gains of £1.12 rnillionl. The Charity received income from other Sourc of EO.04 million12022123.. EO.03 millionl and incurred total expenditure of £3.28 million12022123.. £3.16 million). resultingin a surplvsof E5.13 million fortheyear12022123.. £0.11 million deficitl. Total expenditure of £3.28 million 12022123.. £3.16 million) induded Erants to indwiduals and charitable organi5ations totalling £2.68 million 12022123-. £2.fKJ millionl. investment management fee5 totalling £0.12 million12022123.. £0.10 millionl. support and governance cost5 totalling £0.43 million12022123.. fO.41 tnillionl and a contribution to Oneflichmond of £0.05 millioo12022123_. £0.05 million). The total net assets of the Charity at 30 June 2024 were £64.43 million130 June 2023.. £59.30 rnillionl, consisting of £62.45 million of inve5tments130 June 2023.. £57.09 million). £0.03 million of concessionary loans. £1.17 rnillion of property130 June 2023.. f 1.17 millionl and £0.78 million of net current a55ets130 June 2023= £1.04 The investments held * 30 June 2024 include both Endowment Fund and unStrICted Fund amounts, as shown in the analysi5 of net a55ets between funds- see note 16. Hampton Fuel Allotment Chartty-Annual Report 30 June 2024
Page 9 of 48 HAMPTON FUEL AILOTMENT CHARITY TRU5fEES' ANNUAL REPORT Icontinuedl for the year ended 30June 2024 Investment polity The Trustees, investment power5 are those a5 defined bytheTrustee Act 20[. TheTrustee5 are required by the CharTrWs deeds to ensu that its investments are kept under review by one or more experts. The Tru5tee5 have adopted a Total RetUTll approach to rnanagement of the Permanent Endowment Fund IPEFI. which provide5 a Fnore flexible approach by ielaxing income c005traint5 on its inve5trnents. A re501ution to this effect was passed on 29 April 2015 and the Tru5tee5 agreed to Use the value1£39.18 million) of the PEF on 30 June 2010 as shown in the Charity5 audited financial Statements forthat date. a5 the Preserved Valueol the PEF. At 30 June 2024, the value of the PEF stood at £51.15 million130 June 2023.. £51.15 million). Our prime investment objertive 15 to deliver a real return onthe endowment sufficient to satisfy its current grant programme and a19) maintain granr levds in real tems tor fre beneficiaries. In order to achieve this objtiVe. the Trustees have established an investment strategy which currently aims to produce average annual returns of Consumer Price Index ICPII +4%. The 4% real return (currently around £2.5 rnillionl would then be available to satisfy the Charity's regular gr3nt programmes land associated administration costsl each year. P¥eviou51y, our policy was to reinvest the inflationary ICPII element of the returns into the PEF for the benefit of future 8eneratlOn5. However, once allocations have been made to the PEF they are no longer accessible for grant rnakin& which could prevent the Tru5tee5 from being able to meet cuirent unanticipated acute needs. In order to address the challenge of investin8 funds foT the benefit of future generations. whilst retèining the abilityto provide helpwith meeting unanticipated current needs. theTrustee5 haveagreed to designate a portion of the General Fund primarily for the benefit of futre generations. This designated portion has been labelled "General Fund Future IGFFI~ The remai1ng non-designated portion of the General Fund 15 to be used primarily for grant maknng to current beneficiafies and has been labelled -Generèl Fund Current IGFCI". Goin8 forward the inflationary element of retum5 wll be allted to GFF ratherthan the PEF. as previously and total funds e3rmarked for the benefit of futuregenerations will bethe sum of PEF and GFF. However, funds held within GFF may be undesi8nated bytheTrustees and used forgrantmaknngto current beneficiaries in exceptional circumstances. In making decisions as to rfand when GFF rnay be accessed to make grants to current beneficiaries. the Trustees have to bear in rnind their dutyto'furtherthe (harity'5 aims both now and in the future". The Charity rogniseS the need to dNerstfy it5 investment5 in order to spread risk. Accordingly, management of the Charity's investments is split between Barclays Wealth Management (appointed in 20221 and Rathbones Investment Management (appointed in 20151. Both are attive managers but have quite different investment strategies, which bring5 further dtversification_ The CharlS investment strategy and the performance ol tt5 investments are reviewed regularly by the Trustees wtth input from the Charl5 independent professK)nal investment advisors. Hampton Fuel Allotment Chartty-Annual Report 30 June 2024
Page 10 of 48 HAMPTON FUEL ALLOTMENT CHARITY TRusfEES' ANNUAL REPORT Icontinuedl for the year ended 30 June 2024 Reser poli(v The Trustees aim to maintain sufficient free reserves to cover around 36 months of operating expenditure. At 30 June 2024, our level of free reserve5 wa5 £7.91 mtllion, representing just over 29 months of expenditure130June 2023= £6.92 million, repre5entln8 26 rnthS of expenditure). Trznsfers polKy The Unapplied Total Return Fund is used to make transfers to the GFC during the year to satisfy our ongoing grant prtsgratnme5 and a portloll 15 transferred to the GFF in orderto protect the real value tsf funds earmarked for future beneficiaries. The Trustees transferred a total of £6.85 million to the General Fund over the year. Responsible investment polKy Hampton Fund holds the majority of its ¢nvestments as finar131 investments, with the aim of maximising return5 at an appropriate level ol risk. Appointed investment managers are experted to invest the as5et5 in line with the Ch3ritls mission and values, and the Trustees reserve the right to exclude investments thai conflict with these, such as Ibut not limited tol investments in companie5 involved in prtiCe5 Such as.. Hurnan ri8ht5 violation5.' Unethical lending practice5 Ifor example payday loan51.. Violation of minimum labour and living wage stsndards,. Environmental degradation,. Armament S31es to miliiary regimes- Pornography.. and Gambling. PLANS FOR FUTURE PERIODS Future straiegy The charity ha5 undertaken a 5trategtc review in the second haff of the financial year. Following the pandemic and cost of living cri515, the value ol our grant giving has risen by 30% in response to the increased level of demand. The review therefore sought greater clarity about the needs within the community which Hampton Fund exists to meet, and our purpose in addtessing those needs, in order to maximise the impact of our increasingly stretched re50ur£es. Our history is rooted in supporting those struggling with meeting basic needs and thi5 rernains important to us. We have clarified that it is people who can experience fin3ncial and other hardship whose needs we existto address_The term'hardship. ha5 helped u5to describe a group facing definable challenge5 whether financial. related to health or disability. or emotional. It captures those who are barely surviving through to those who are just about managing. Going forward. alongside our Individual Grants. we will therefore be focusing on supporting or£anisations who are addressin8 hardship, that is those individuals and families that are most in need in our geographical area of benefit. We have also thought carefully about the type of grant maker that we want to be. and our strategy therefore places an empha515 on building an agile. collaborative organisation, one lling to develop new and different approaches. We will strwe to develop ourgrant tnaking approach and proces5e5 to be ol the highest qualrtyand efficacy and we will work hard to understsnd our impart and use the learning from this process to constant seek to improve what we do. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 11 of 48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT (Continued) for the year ended 30 June 2024 Communications Having agreed our strategy. we will aim to communicate the organi5ation's purpose. grant offer and impatt clearly, effectively, and transpa1¥. We also want to champion those we 5UPPOrt- we understand that as 3 grant maker we can amplify the voice of those thar we support, both individuals and organisations. We will therefore highlight their 5uccesse5 and increase awarene5sof challen6es they face. We will continue engaging in forums and debates in the local sector. and bryond. where we believe doing thi5 wll increase the impatt of our grant making to those we support. It 15 important that we identify areo5 where we aTe not a¢hIng thosè that could benefit from our funds and promote our grant making to them_ We will therefore undertake ongoing analysis of where our funds are reaching and how thi5 map5 to 10131 need_ Where we determine that we can reach more who may be able to benefit we will use different Vfdy5 to promote our grants to ensure we are using the most effectNe means to make this information known. Impact of activitie5 and Significant events The Charity will retain similar investment benchmarks as at present. Its grant Mang criteria will be reviewed in the Coming year to ensure that they reflect the strategii review. discussed above. Future Commitments For some reporting periods. the Trustees will award grants to oreanisations, which have not been accounted for within the year ioncerned, becau5eterryts and condition5 attachingto those grants have not been fulfilled by the year end date. At 30 June 2023 and 30June 2024. there were no 5u£h commitments. STRuURE. GOVERNANCE AND MANAGEMENT Status and history The Charity was created folbwing the 1811 Enclosure Act by the granting of JO.14 atres of13nd for producing supply of fuel for the pTh)r of the ancient parish of Hampton. Sub5equentlythe land wa5 rented OLrt for nurseries. In 1988. the land was 501d for developtnent and the sale proceeds fomed the financial base for the current work of the Charity. Hampton Fuel Allotment Charrty became a reEistefed chartty on 19 November 1962. The governing d(Kument was a schem& of the Charity Commi55ion dated 26 August 1981. It was atnended byschemes dated 27 July 1989, 4 December 1991, and 21 April 2004 and an order dated 19 August 2LK)4. With effect from 27 April 2005. the Trustee5 resolved to make various alterations to ihese documents with the approval of the Charity Commission. These variou5 documents were subsequently consolidated into a single drKument. Or8anlsational strurture The overall strategic direttton of the Charity is determined by the Trustees. who have set up various sub- committees and made various profess¢onal appointments to as515t them in ensuring the suategic goals of the Charity are achieved. Tru5tee5 are normally appointed for a period of five years. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
PaBe IZ of48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the year ended 30 June 2024 The Trustees transact the Charitvs business through Board meetings. which are held at least four time5 a year and rhrough the sub-commiuees of the Poard. The activities of sub-committees are reported to the main Board meeting. Finance and Investment Panel.. this panel usually meets fivetimes a year. including &monthly review5 Wlth our investment adviser and investment managers,. and oversees rhe Charity's investment strategy and performance. Personnel and Resources Panel.. thi5 panel meets at least once a year and keeps under rewew matters relating to staffing, staff performance, office premi5e5 and equiptnent. Individual Grant5 Pznel.. thi5 panel ffleets at least six tiffle5 a yeai to consider awards made to individuals and latnilies in need. In urgent ca5e5. the Indiwdual Grant5 Manager has tldegated power to agree grants. The level ol award5 15 reviewed on a regular basi5. ommunity Grants Panel". this panel meets al least six times a year and considers application5 from organisations. The panel has delegated powers to make grants up to an agreed amount. currently £70.000 and to make recommendations to the Board for grants above that amount. Property Group.. This panel provides govemance oversight in relation to of Hampton Fund's groperty assets and inter&sts and offers guidance and recommendations to trustees in relation to strategy as it pertains to capit31 funding,. the effective usage of existing interests- and thar legal and regulatory duties are being met. The Group also maintains oversight on the effertive management of Hampton Fund's properties. stakeholder Engagement & Communlcailons Group= This pand prowdes oversight on the ¢Jelivery of the organisation's strategy as it relates to the public perieption of the charity., communicating its purpose and impact and engaging with key Stakeholders. Ihe awards of both the Individual Grants Panel and the Community Grants Panel are reviewed by the fvll board of Trustees at their regular meetings. Special Pane15 may be formed by Trustees. under an established procedure. to consider any formal £otnplèint5 related to the conduct of the Charity and its relationship wirh other parties. Worknng Groups are a150 established. as and when appropriate, to look at Specific areas of work. Key mana8ernent personnel The day-to-day management of the Chaflty is entrusted to thechief ExecutNe Officer and tearn of Staff, who are responsible for delivery of the Trustees. decisions. The starting salary for new members of stafF. including key management personnel. is deterrHined bv benchm3rking similar roles within the charitable sector. 5alartes are reviewed by the Personnel and Resource5 Panel in April and recommendation5 rnade to the Full Board of Trustee5. any recommendations must be approved by the Board of Trvstees and any salary increase implemented from l July, the beginning of the CharitWs accounting year. Individual performance and inflation are critital fartors that the Trustees will Consider when determining any salary increase. Hammon Fuel Allotment Charity-Annual Rew)rt 30 June 2024
Pate 13 of48 HAMPTON FUEI ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT Icontinuedl for the yoar ended 30 June 2024 Method of recruitment. appointment. eledion. induction, and training of Trustees Recrultment. uppointmen¢ und election One of the Trustees of the Charity 15 ex-officio, six of theTrustees are nominated and upto five can be co-opted. The ex-officio Trustee is the irKumbent of St. Mary's Parish. Hampton. When a vacancy for a nominated Trustee ari5e5, the nominating authortty is conratted, and the Charity awaits its sdection. The riominating authority 15 provided with a guideline as to the ski115. knowledge and expefience that would be of benefit to the Trustee Board. CNpted Twstees are recruY¢ed from those who are resident in the area of benefit or have a good knowledge of it ènd have skills and knowledge relevant to the activities of the Charity and it5 area of benefit. In some cases, trustees are recruited with specific skills rhat are needed to assist in the Board'5 decision makin8 (for example loial general practitioners, financial skills and experience). The Charity will also advertise for new Trustee5 when appropriate. Indurtion ond tmining New Trusrees receive induttion and a Trustees. Handbook containing essential materi31 about the Charity and how it operate5. Key information is held ontheTrusteewebsite portal for easeof access. Tru5tee5 receive regular reports relating to the Charitrfs activrf<ies. attend reEulaf meetings and are encouraged to participate training events and workshop5 to update knowledge. The Charity recognises the need to keep existing and new Trustees up to date with legis13tive. Charity Commission and accounting requtrements_ It also recognises the need for Trustees to be aware of developments within the area of benefit which rnight affett theif grant making. Trusrees sometimes receive update5 frtsrn speakers at their meetings. on rnatter5 relating to the Charity, as well as one to one induction with the Chair. Risk manageme The Trustees believe that the Charrty should manage and where appropriate reduce risk. The Charity maintains corporate risk register, whiih 15 reviewed aftnUal by the Finance and Investment Panel. It is planned that in addition to this, there is an ongoing review of key risks on the register undertaken by the appropriate panel or. in some cases. the full Trustee Boar(J throughout the year. Thi5 15 to ensu that 311 appropriate controls to mitigate risks have been thorougbly considered and are in place. In addition. the process is tied to the charity's ongoing review of its policies to ensurethat anydevdopments orchan£es made as a result are incorporated into them. The Charity ha5 adopted the risk probubilfftty and nsk IM(1 approach to risk asses5tnent. Although most risks are rated low and medikjm. this approach highlight5 the highef risk to loss of investments and incorne due to external forces (for example stock market ènd pol*tical de£i5ion51. In addition to risk mitigatiori, the Charity 15 awa of the need to respond to events beyond its control that lead to significant disruption to the running of the busine55. Accordingly, a Business Continuity Plan forms part of the overall risk management processes and procedLtre5. providing an action plan to ensure that the key fU[tionS of the Charity will be effectively tarried out during any period of disruption. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
p140f48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT Icortinuedl for the year ended 30 June 2024 Trustees, responsibilrties in the preparation of financial statements The Trustees are responsible for preparin8 the Trustees. annual port and the financial statements in accordarTrce with applicable law and United Kingdom kcountingStandard5 Iunited Kingdom GenerallyAccepted Aciounting Pra£ticel. The law applicable to charities in England and Wales requires the Tru5tee5 to prepare financial statements for each financial year which give a true and fair view ol the state of affairs of the Charity and of the income and expenditure ol the Charity for that period. In preparing those financial statements. the Trustees are required to-. Select suitable accounting policies and then apply them consistenUy,' Observe the methods and principles in the Charities SORP.. Make judgements and accounting estimates th* ale reasonable and prudent- State whether applicable a££ounting standards have been followed. Subject to any material departure5 di5c105ed and explained in the financial statement5.- and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will conttnue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy èt any time the financial position of the ChaTity and enable them to ensure that the financial statements cOp1V with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also resporsible for safeguarding the asset5 of the Charity and hence lor taking reasonable 5tep5 for the prevention and detection of fraud and othef irregularities. TheTrustees are responsible forthe maintenance and integrity of the Corporate and financial information ori the Charitls website. Legislation in the United Kingdom 8ovÈrnin8 the preparation and dissemination of financial Statements may differ from legÈslation in other jurisdictions_ Audltor After a competitive tendering process Crirchleys Audit LLP was appointed a5 the CharTty'S audit partner in June 2024. Statement as to disrlosure of intorrnation to the avditor The Trustee5 at the date of approval of this Trustees. annual report confirm that so far as each of them is aware, there is no relevant audit information of which the Charity's auditor is unaware, and the Trustee5 have taken all steps that they ought to havetaken to make them5dvesaware of any relevant audit information and to establish that the auditor i% aware of that information. Hafflpton Fuel Allotment Charity- Annual Report 30 June 2024
Page 15 of48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES. ANNUAL REPORT Icontinuedl for the year ended 30 June 2024 REFERENCE AND ADMINISTRATIVE DETAIL5 Frorn l ju 2023. the following Trustees have held office: Ex-officio Revd Ben lovell Nominzted: The London Borough of Richmond upon Thame5 aif Richard Baker Geraldine Locke Martin Seymour Ichairl The Parochial Church CouNci15 of.. St Mary s. Hampton St James'5. Hampton Hill All saints. Hampton Samantha Bailev Laurence Sewell Kim Loxton to.opted: Dr James Brockbank Dr Martin Duffy David Meggitt {WicchaIr} Adele Kimber Sharika 5harma The following Trustees served as members of SU0mMittee$ during the year ended 30 June 2024= Finance and In¥e5tment Cllr Richard Baker Dr Martin Duffy Ichairl David Meggitt Laurence Sewell Martin Seymour Sharika Sharma Personnel and Resources Samantha Bail Adele Kimber Geral(line Locke (Chairl Revd Ben Lovell Kirn Loxton Martin Seymour Sharika Sharma Community Grants Cllr Richard Baker DrJame5 Brockbank Dr Martin Duffy Adele Kimber (Chairl Geraldine Locke Revd Ben Lovell Kim Loxton David Meggitt Laurence Sewell Martin seymour Individual Grants Cllr Richard Baker Samantha Bailey Dr Jame5 Brockb3nk Dr Martin Duffy Adele Kimber Revd Ben Lovell Ichair from 3 November 20231 Kirn Loxton luntil November 20231 David Meggitt (Chair up to 2 Novetnber 20231 Martin Seymour Sharika Sharma The principal addres5 of the Charity is the offtces of Hampton Fund. 15 High Street, Hampton. Middlesex TW12 2SA. Hampton Fund is the working name for Hampton Fuel Allotment Charity Iregistered charity number.. 2117561. For further information. please visit www.ham tonfund.co.u Hampton Fuel Allotrnent Charity-Annual Report 30 June 2024
Pa8e 16 of 48 HAMPTON FUEL ALLOTMENT CHARITY TRUSTEES, ANNUAL REPORT (Continued) for the year ended 30 June 2024 The Trustees have made the foll¢)wing professKtrnal apwintments= Auditor.. Critchleys Audit LLP. First Floor. Park Central. 4041 Park End StreeL Oxford OXI IJD Accountant.. RSM UK Tax and A(counting Limited. Thir(l Floor. One London Square. Cross Lanes, Guildlord. Surrey GUI IUN Principal Banker.. Barclays Bank plc. Barclays Business, &12 Church StreLX. Walton on Thames, Surrey KT12 2QX Investment Advi5er= M3iars Wealth Managennt. 30 Old Bailey. London EC4M 7ALJ Investment Managers.. Barclèys Wealth Management, I Churchill Place, London, E14 5HP Rathbone BrotheTS plc. I cuon Street, London WLJ 5FB Pensions Advisor.. Punter Soulhall Aspire. 11 Strand. lond WC2N SHR The followin8 key member5 of staff are responsible for the day-to-day management of the Charity.. Richard Barron Chief Executive Officei lfrotn December 20231 Carole Swinburne IndNidual Grants Manag Jan Webb Communtty Grants Manager luntTI December 20231 Zenaid Richards Community Grant5 Manager lfrotn December 20231 Sheila Pryde Operations Manager Joseph Imber Grants Administrator (from July 20231 EXEMPTIONS FROM DISCLOSURE No exemptions from the disclosure requirefflents applicable to a larger charity have been taken in thi5 Trustees, annual report. FUNDS HELD AS CUSTODIAN Although the Charity would maintain restricted fund5 to deal with incoming resources that are earmarked for a particular purpose by donor5. swnsors. and other fttnders. the Chaf4ty does not currently hold any funds as custodian for any third party. This report was approved by Tru5tee5 on 14 November 2024. and was signed for and on behalf of the &)ard by .r....... Chair Date.. Martin S Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 17 of 48 HAMPTON FUEL ALLOTMENT CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSfEES OF HAMPTON FUEL ALLOTMENT CHARITY for ihe year ended 30 June 2024 Opinion We have audited the financial ststements of Hampton Fuel Ajlotment Charity Ithe-(haritf I for the year ended 30 June 2024, which iomprise the Statements of Financial Activities. the Balance Sheet, the Statement of Cash Flow5, and notes to the financial statements. including a summary of significant aciounting policies. The financial reporting framework that ha5 been applied in th¥r preparation is applicable law and United KirFgdom Accounting Standards. including Financial Reporting Standèrd 102.. The Financial Reportingstandard applicable in the UK and Republic of Ireland (United Ksngdom Generally A£cepted Accounting Prdcticel. In our opinion. the financial statements". give a true and fèir view of the state of the Charity's affairs as at 30June 2024 and of the Charl5 income and expenditure for the year then ended- have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounting Prattice.. and have been prepared in xcordance wth the reqUIrennts of the Charitie5 Act 2011. Ba515for opinion We condutted our audit in accordance wrth International Standard5 on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities underthosestandards arefurther described in the Auditorfs re5ponsibTlitiesforthe audit of the financial statement5 seition of our reFy)rt. We are independent of the Charty in accordance with the ethical requirements that are felevant to our audit of the financial statements in the UK including the Financial Reporting Council's Ethical Standard. and we have luifilled our other ethical responsibilities in accordance with these reouirements. We believethatthe audtt evidencewe have obtained 15 sufficient and appropriateto Provide a basi5 for our opinion. Conclusions relating to goi1¥ concern In auditing the financial statements, we have concluded that the Tru5tee5' use of the going concern basi5 of accounting Iri the preparation of the finanoal statements is appropriate. Based on the work we have performed, we have not idenrified any material uncertaintie5 relating to events or conditions that, indNidually or collectively. may cast significant doubt on the Charitws ability to continue as a going concern fora period of at least twelve TrN)nthsfrorn when thefinancial statements are authorised for issue. Our responsibilleS and the re5ponsibilr(ies of the Twstees with respect to going concern a described in the relevant settions of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the annual repK)rt other than the financial statements and our auditorfs report thereDn. Our opinion on the financial 5tatement5 does not cover the other information and, except to the extent Othe explicitly stated in our report. we do not eKpres5 any forrn of assurance conclusion thereon. Hampton Fuel Allotment Charty-Annual Report 30 June 2024
Page 18 of 48 HAMPTON FUEL ALLOTMENT CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUStEES OF HAMPTON FUEL ALLOTMENT CHARITY Icontinuedl for the year ended 30 June 2024 In connection with our audit of the financial st*ements, our feskN)nsibility is to ad the other information and, in doirig so. consider whether the other information 15 materially Tncon515tent with the financial statements, or our knowledge obtained in the audit or otherwise appearsto be rnaterially misstated. If we identify such material incon5i5tencies or apparent rnaterial misstatements. we are required to determine whether there 15 a material mi55tatement in the financial statements or a matefial m155tatement of the other information. If. based on the work we have perfomed, we conclude that there is a material misstatement of this other information, we are required to report that fatt. We have nothing to report in ihis regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charitie5 (Accounts and Report51 Regulations 2008 qUireS us to report to you if. in our opinion: sufficient accounting retord5 have not been kept,. the financial 5tatetnents are not in agreement with the attountine recorlls and retums- Certain di5c105ure5 of Tru5tees' remuneration 5petifie¢J by law are not made., tsr we have not obtained all the snforr¥batton and explanations necessary forthe purpose5 of our audit. Responsibilttie5 of the Trustees A5 explained more lully in the Trustees. responsibilities stateIbt set out on page 13. the Trustee5 are responsible for the preparation of the financial siatements and lor being satisfied that they give a true and lair view, and for such internal control as they determine is necessary to enable the preparation of finar%ciaS Statements that are free from material misstatement. whetherdue to fraud or error. In preparing the financi?15tateFnent5. the Trustee5 are re5P0115ible fof as5e55ing the ChariW5 abilityto continue as a going ioniern, di5closin& a5 applicable. matters related to going concem and using the going £oncern ba515 of accounting unless the trustees er(her intend to liquidatethe Chartty ortocease operations, or have no realistic alternative but to do so. Auditoes respon5ibilrtie5 for the audit of the financial ststements Our objectives are to obtain reasonable assurance èbout whether the financial statements as a whole are free from material misstaterllent. whether due to fraud or error. and to 155ue an auditorfs report that includes our opinion. Reasonable assurance is a h¢gh level ol assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of u5er5 taken on the basis of these financial statemenis. Hampton Fuel Allotment CharTty-Annual Report 30 June 2024
Page 19 of48 HAMPTON FUEL ALLOTMENT CHARITY INDEPENDENT AUDITOP'S REPORTTO THE TRU5tEES OF HAMPTON FUELALLOTMENT CHARITY (Continued) for the year ended 30 June 2024 Irregularities. includingfraud, are Instanc of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detert material misstatements iri respect of irregularities. includin£ fraud. The extent to which our procedure5 afe capable of detecting irregularitie5, including fraud, is detailed below= the engagement partner ensured that the engagement team collettively had the appropriate cornpetence, capabilities, and skills to idtify or recogni5e non-compliance with applKable laws and regulations.. we identified rhe laws and re8ulation5 applicable tothe Charitythrough discu556ons with Trustees and other management, 3nd from our knowledge and experience- we focused on specific laws and regulations whi£h we considered may have a direct material ettett on the rinèncial Statements or the operations of the Charity. we a5ses5ed the extent of compliance wth the laws and regvlations identified above through makiTTrg enquiries of management and inspecting legal correspondence where applicable.. and identified laws and regulatiOll5 were communicated within theaudiiteam regularlyand the team remained alert to instances of nOnOMpliance throughout the audit. We assessed the susceptibility ofthecharity's financ4al statementsto material misstatement. incltsdin6 obtaining an understanding of how fraud might occur. by.. making enquiries of management as to where thry considered there was su5ceptibilily to fraud, rheir knowledge ol artual. 5U5pected, and alleged fraud.. and considering the internal contro15 in place to mitigate ri5k5 of fraud and non-compliance with laws and gulations. To address the risk of fraud through management bias override of contfols, we: performed analytical procedure5 to identify any unusual or unexpetted relationships.. tested journal entries to identify unusual transartions.. assessed whether judgements and assumptions made in determin¥nE the accounting estimates were indicaiive of potential bias.. and investigated the rationale behind stgnificant or unusual transaction5. In Te5POn5e to the risk of irregularitie5 and non-compliance with laws and regulations. we designed procedures which included. but were not lirnited to.. agreeing financial statement di5c105ure5 to underlying supporting documentation- reading the minute5 of meetings of those charge£l wth Eovernance,. enquiring of management a5 to Ktual 3nd potential Ir(igation and claims- and rwewing relevant correspondence. There are inherent limitatn5 in our audit procedu$ described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we wou5d become aware of nOnompli8nCe. Auditing standards a150 lirnit the audit procedures required to identify nOnompliance with laws and regulations to enquiry of the Trustees and other rnanagement and the inspettion of regu13tory and 831 correspondence, if any. Material mi5Statemellt5 that arise due io fraud can be harder to detectthan those that arise from error as thev may involve deliberate concealnnt or collusion. A further description of our responsibiliiies for the audit ol the financial statements is located on the Financial Reporting Council's websrte = www.frc.org.uklaudiiorsresponsibil¢tie5. This description forms part of our auditorfs report. Hampton Fuel Allottnent Charity- Annual Report 30 June 2024
PaKe 20 of48 HAMPTON FUEL ALLOTMENT CHARtTY INDEPENDENT AUDITOR'5 REPORT TO THE TRU5fEES OF HAMPTON FUEL ALLOTMENT CHARITY (Continued) for the yeav ended 30 June 2024 Critchleys Audit LLP is eligible for appointment as auditorof the charity by virtue of it5 eli&bility for appointment as auditor of a company under settion 1212 of the Cofflpanies Art 21K. Use of our report This report 15 made solely to the Charitl5 Trustees. asa body. inaccordancewih part 4 ofthecharities (Accounts and Report51 Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to State to them in an auditorfs rew)rt and for no other purpose. To the fullest extent permitted by law, we do not &cept or a55ume re5pon5ibility to anyone other than the Charity'5 mernbers a5 a body. for our audit work. for this rert. or fof the opinions we have form1. Date.. 13112124 Critchleys Audit LLP Staturory Auditor First Floor, Park Central 4(k41 Park End Street Oxford OXI UD Hampton Fuel Allotment Chartty-Annual Report 30 June 2024
Page 21 of48 HAMPTON FUEL ALLOTMENT CHARITY STATEMENT OF FINANCIAL ACTNMES for the year ended 30 June 2024 un$trIed Endowment fund5 funds Totsl 2014 Total 2023 Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Donations Charitable activffties Giving grants Investments Investment income 871 871 350 39.864 39,864 27,592 175.756 1,115,619 1.291,375 1.902.571 TOTAL 216.491 1,115,619 1,332.110 1.930,513 Net gains on inve5tment5 li 963.093 6.113.267 7.076.360 1,117,315 Transfers between funds= Total return allocated to income 6,848,8r/ 16.848.877? Total available for funding current and future expenditure 8.028.461 380,LM)9 8.408,470 3,047.828 EXPENDrruRE ON: Raising lund5 Investment rnanagement costs Charitable activities Giving grants 116.9301 1107.4631 1124,3931 1101,9031 13.158.1641 13.158,1641 13.057.292) TOTAL 13.175.094) 1107.4631 13.282,5571 13.159.195) NET MOVEM£NTIN FUNDS 4,853.367 272.546 5.125,913 1111,3671 RECONCILIATION OF FUND5 Total lund5 brought forward at l July 2023 15 8.094.731 51.205.267 59.299,998 59,411,365 TOTAL FUNDS CARRIED FORWARD AT 3QJUNE 2024 12.948.LB8 51,477.813 64.425.911 59.299.998 Note.. On the 3dvice of the Charit¢s audilOI, IheTrusiees have chosen to adaptthe fortnat of the Statement ol Financial Activities to bettor reflett the total return approach being taken to the management of investrNent5 and the consequent way in which thecharl$ expendsture isfunded in practice each year. This re-presentation ha5 been applied above with the prior year Statement of Financial Activitie5 on thefollowing page presented in the format as previously reported. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Paze Z2 of 48 HAMPTON FUEL ALLOTMENT CHARITY STATEMENT OF FINANCIAL AcrivtllES for the year ended 30 June 2023 Unre5trirted Endowment fund5 funds Total 2023 Totsl 2022 NotÈs INCOME AND ENDOWMENTS FROM: DonHtions and legacies Donations Chafitable activities Giving grants Investments Investment income 350 350 250 27592 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 EXPENDITURE ON.. Raising funds Investment management costs Charitable actrvities Giving grants 113.8591 188,0441 1101.9031 1114,0921 13.057.2921 13.057,2921 13,112,132) TOTAL 13.071.1511 188.0441 13.159.1951 13.226,2241 Net gainslllossesl on investments li I63.6 954.249 L117.315 12.054.826) NET IEXPENDffUREIIINCOME 12.630.113) 2,518,746 1111,3671 13,379,8801 Transfers between fund5 I.5.0() 11.5c*).rNxil NET MOVEMENT IN FUNDS 11.130.113) 1.018.746 1111,3671 13,379,8801 RECONCILIATION OF FUNDS Total funds brought forward at l July 2022 9.224.844 50.186.S21 59.411.365 62.791.245 TOTAL FUNDS CARRIED FORWARD AT30JUNE 2023 15 .094.731 51.205.267 59,299,998 59,411.365 Hampton Fuel Allotment Charity- Annual Report 30 June 2024
Page 23 of 48 HAMPTON FUEL ALLOTMENT CHARITY BALANCE SHE 30 June 2024 Totsl 2024 Totsl 2023 Notes FIXED ASSEfS- Tangible a55ets Financial investments )cial investment- Concessionary loans io li 12 1.167,510 1,172,823 62.448,530 $7.087,135 29,895 63.645.935 58.259,958 CURRENT A55ETS: Debtors Cash at bank and in hand 246,738 1.119.014 317.307 1,549,863 1.365.752 1.867.170 LIABILITIES.. Creditors.. Arnount5 falling dve within one year 14 1585,7161 1827.1301 NET CURRENT ASSErs 779.976 1,040.040 TOTAL NEf ASSErs 64.425.911 59,299,998 THE FUNDS OF THE CHARITY.. EndowmÈnt Funds Permanent Endowment Fund Un3pplied Total Return Fund Unrestricted Income Funds General Fund Current General Fund Future 15 51,151.123 51.151.123 326.690 54,144 9.099.221 3,848.877 8,094,731 15 TOTAL CHARrrY FUNDS 16 64,425,911 59.299.998 The financial statements on pages 21 to 47 were approved by the Trvstees and authorised for issue on 14 November 2024. and are signed on the¢r behalf by- Chair Martin Sev Date-. . Chair of the Finance and Investment Panel Dr Martin Duffy Date.. Hampton Fuel Allotment Chartty- Annual Report 30 June 2024
Page Z4 of 48 HAMPTON FUEL ALLOTMÉNT CHARITY STATEMENT OF CASH FLOWS for the year ended 30 June 2024 2024 2023 Note5 CASH FLOWS FROM OPERATING ACTivmES: Net cash used in operating activities 13.398,1551 13,151.6571 CASH FLOWS FROM INVESTING AcfiviTIES.. Dividends. interest, and rents from investments Purchase ol property, plant. and eouipment Proceeds from sale ol investments Purchase of investments Issue ol concessionary loans 1.291,375 L937,446 19.1391 16,4141 14.152,801 45,172,264 112,437,8361144,493,3521 129,8951 Net Cash provided by investing artsvities 2,967,306 2.609,944 Change in cash and ¢ash eOuNants in the reporting period 1430.8491 1541.7131 Cash and cash equivalents at the beginning of the reporting period 1.549.863 2.091.576 CASH AND CASH EQUIVALENTS ATTHE END OF THE REPORTING PERIOD 20 1.119.014 1.549.863 Note.. The high level of purchases and sales of investments in 2023 5VIted from the change of inve5trnent manager. Whi15t some individual equityinvestment5 weretran5ferred from the outgoin8to incotning investment rnanager 'in specie" in ordÈr to minimise transaction cost5. ttwe5tment5 in third-party funds were sold and transferred in cash to be reinvested. Harnpton Fuel Allotment Charity- Annual Report 30 June 2024
Page 25 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTE5TO THE FINANCIAL STATEMENTS for the year ended 30 June 2024 ACCOUNTING POIICIES Hampton Fuel Albtrnent Chartty 15 a Charitable Trust gISted wtth the Charity Commission in England anil Wales. The gIStered public addre55 is IS High Street. Hampton. Middlesex TW12 2SA. Basis of accounting These financial Statements have been prepared in accordance with FRS 102 "The Financial ReportinE Standard applicable in the UK and Republic of Ireland" and Under the historical cost convention, except as modified forthe annual revaluation of fixed asset investment> Within the definr(ions of FRS 102. the (harity is a public benefit errttty. The financial statement5 have a150 been prepared in accordance vAth the accounting policies Set out in more detail below, to comply with the CharTWs governing document, the Charities Act 2011 and Accounting and Reporting by Charities= Statement of Recommended Prattice applicable to charities preparing their account5 in accordance with the Financial Reporting Standar¢J applicable in the UK and Republic ol Ireland IFRS 1021 leffectwe l January 20191. Going concern The global economy has remained resilient despite bein8 IWnPaCted in recent years by the war in the Ukraine. a spike in energy prices and high levels of inflation. The Trustees and Investment Manager5 continue to be diligent on the global economic outlook. The Tru5tee5 have considered the future likely cash flows for the Charity covering a perio¢J of at least twelve monihs from the date of approval of these financial statements, and they are confident that sufficient funding is available to support the onoing artivitie5 of the Charity- The financial statements have therefore been prepared on a going concern basis. The financial stements do not include any adjv5tments that would SuIt should the going concern basis of preparation not be appropriate. In the event that this basi5 is not appropriate provision5 rnay be required and a5set5 may need io be written down to their rÉroverable amount. Intome General donation5 and other similar types of voluntary income are brought into account when receivable and donated income 15 included gr055 of any attributable tax recoverable. where relevant. Donations given for specific purp05e5 are t¥eated a5 restritted income. Investment income is accounted for on a Te1Vable basis once the dNtdend ha5 been dlared or the interest has been eamed. Income receivable from charr(able attivities is recognised a5 income when earned by the Charity. Hampton Fuel Allotrnent Charity-Annual Report 30 June 2024
Page 26 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL sfATEMENTS (Continued) for the year ended 30 June 2024 ACCOUNTING POLICIES Icontinuedl EXndIture All expenditure is actounted for on an accruals basis and ts allocated to the CharlS printipal artivity where the costs can be identified as being lttly related to thèt activity. All costs that cannot be identified as relatTn8 directlyto the Charl$ principal attivity a categorised as either support costs or governance costs. Any costs that cannot be specifically categori5ed are allocated in proportions b85ed upon a 5Ultable ratio applicable to the nature of the c05t involved. Governance iosts are the costs associated in runHirTrg the Chartty as a United Kingdom charitable company and 5Pe(tfically include the costs of the external audtt. Grants payable are recognised in the period in which the approved offer is conveyed to the recipient except in those cases where the offer 15 condttional. such gfant5 being retognised On when the condition5 attaching to the award are fulfilled. Grants offered subject to conditions, which have not been met at the balance sheet date. are noted as a potential commitment but are not treated as a Tangible fixed a55ets All tangible assets purchased that have an eXpted useful eCon0C life that exceeds one year are caprf(alised and classified as tangible fixed assets. Tangible fixed assets are stated at historical cosr less depreciation. Depreciation 15 provided on all tangible fixed a55et5, Other than freehold land, at rates calculated to write each a55et down to it5 estimated re5i¢Jual value over its expetted useful life, a5 follow5.. Freehold and long leasehold property Fixtkjres, fittings, and equipment 2% straighi lin 25% Teducing ba13nce Fin4WKial investments The Charity's inve5ttnents are included in the balance sheet at fair value Itheir market valuel. The gain5 or1055es arising upon thelr annual revaluation are included in the statement of financial activities. Social investments The Char$ social investments are comprised entiretyof conces5ionary lo3. Concessionary loans are initially recognised and measured at the amount loaned to the beneficiary involva, with the carrying anKJunt adjusted in subsequent year5 to reflect repayment5 and any accrueil interest that tnay be relevant. If there is objective evidence ol impairrTTrent in relation to any conces5ionary loan, an impairment loss is immediately recognised in the statement of financial activities, and thereafter, reversal of part or all of the impairment will be recognised through the statement of financial activities if the beneficiarls circumstances improve. Hampton Fuel Alfotment Charity-Annual Report 30 June 2024
Page 27 of48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontirtuedl foi the year ended 30 June 2024 ACCOUNTING POUCIES Icontinuedl Inancial instrufflents A financial instrument is a contractthatENes riseto a financial asset of one entity and a financial liability or equtty instrument of another entity. Financial in5trument5 are therefore classified and accounted lor according to the 5ub5tance of the contraaual arrangement as financial a55ets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the a5set5 of the entity after dedurting all ol its liabilitie5. Ftnancial assets and liabilities The Charity's debtors and creditors that meet the definition of either a financial asset or a financial liability are initially recognised at thetransaction value and thereafter arestated at amortised tost using the effective interest method. Pensknn contriblOn$ The Charity make5 contributions into defined contribution pension Schemes on behalf of certain ernployees. The a55ets of the schemes are held separately from those of the Charity in independently administered funds. The amount charged to the Statent of rtnancial activitie5 in respett of pension costs is the total Contribut5 payable for the year. Fund accounting The general fund cornprises the accumulated surpluses of unrestTlCted income overexpenditure, which are available for use in furtheran of the general objectaves of the Charity- Restricted fund5 aTe fund5 subject to sprfific conditions imposed by donors. The purpose and use of the restricted funds are Set out in the notes to the financial statements. Amoufits unspent at the year end are tarried forward in the balance sheet. The permanent endowmeni fund is a specrfic type of restricted fvnd. which cannot be spent as income. Instead. the funds must be held permanent to Produce a return for the Chafity. The Unapplied Total Retum Fund comprises that part of the total tUrn on the Charity's permanent endowment investments which ha5 not yet been allocated by theTru5tees to eithei the Eeneral fund or the permanent endowment fund. It can be tsrried forward if not needed or allocated to be spent as income or reinvested in the permanent endowment fvnd in a particular year. Hampton Fuel Alloiment Charity-Annual Report 30 June 2024
Page 28 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Iconiinuedl for the year ended 30 June 2024 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Chafitl5 accountln8 policie5. the Trustee5 are requir to make judgements, e5tirnates and a55umption5 about the carrying amount of 355ets and liabilitie5 that are not readily apparent from other sources. The estimates and vnderlyin8 assumptions are based on historical experience and other faLtors that are considered to be Televènt. Actual resu1t5 may differ frotn these estimates. The estimates and underlwng a55umptions are reviewed on an ongoin£ basis. Revisions to accounting estimates are recognised ia the period in which the estirnate 15 revised if the revi5itsn affect5 only that period. or in the period of the revision and future periods if the revision affects both current and future periods. There were no 5pectfic judgernents. estimate5 and 355UmPtiOn5 that were critical to the preparation of these financial statements. INCOME FROM GIVING GRANTS 2014 2023 Service income received from The london Borough of Richmond upon Thames Rental income received 14,124 25,740 27.592 39,864 27,592 INCOME FROM INVEENTs 2024 2023 Arisin8 upon the Charity's listed inve5tmerf Portfolio- Income from 5ecuritie5- LSBS portfolio Income from untt trust5- Rathbones portfolio Income from equittes- Barclays Wealrh 600.016 926.232 1.039.734 354,409 260,053 1,280.641 1,899.803 Arising upon cash helij.. InterE5t on cash dew)ssts 10.734 2.768 1,291.375 1,902,571 EXPENDITURE ON GIVING GRANTS 2024 2023 Grants payable (note 61 Costs of the OneRichmond initiative Support and governance costs Inote 81 2,680,258 2,598,210 45,640 45,WO 432.266 414,082 3,158,164 3.OS7,292 Hampton Fuel Allotment Charity- Annual Report 30 June 2024
Pate 29 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL ATEmENTs IConOnuedl for the yeaf ended 30 June 2024 GRANTS PAYABLE 2024 2023 Grants awardeij in the year Iriote 71 2,682,393 2.598,210 2,682.393 2,598,210 Grant5 refunded.. Marble Hill Play Centre 12,1351 2.680.258 2.598,210 GRANT5 AWARDED IN THE YEAR 2024 2023 Gront Giving- IndividuulGrunts Fuel grants- 2.121 grants12022123.. 2,028 grants) Less". Fuel grant refunds and individual refuF)ds Essential items and furniture School journey 8rants- 70 grants12022123.. 120 grants) School uniforTn grant5- 72 Brants12022123". 818rantsl Disability grants 1,142,860 1,082,775 14.5911 15,2961 88.798 67,132 13.945 15,618 7.200 8,791 270 990 1.248,482 1.170,010 Grunt fjiving- Communlty Gronts Advice, Advoiacy and oUta(h Art5, Sports and Recreation Carers Children and Young People Community Activittes 52.SQ) 35.000 180,050 203,532 128,115 316.150 32,500 242.514 35,000 192.950 15.6(Ml 89,000 11,000 197,500 269,600 88,3 305,000 32.$00 192,600 45,000 151,700 46.(K)O Education HeaKh ènd WellbeinE Housing and Homelessne5S Older People Other 1.433.911 1,428,200 Total grants awafded in the year 2,682,393 2,598.210 See note 17 for a rTx>re detailed analysis of cOnUnitY grants awarded in the year. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
PaBe 30 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTE5 TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2024 SUPPORT AND GOVERNANCE COSTS SuFPOrt Governance costs Costs Totsl 2024 Totsl 2023 Staff costs Inote 91 (91%..9%1 Ground rent. rates. light. heaL and repairs Property Costs Insurance Computer and webstte costs Stationery. ptsstage, telephone. travelline and sundry Accountancy fee5 Auditof's fees for audit services Imazarsl Investment advisory services IMaEarsl Auditor's fee5 lor audit 5erviie5 Icritchleysl Other legal and professional fees Depreciation 231,184 6.656 7.313 3,034 22,864 254.048 6,656 7.313 3.034 8.686 282,735 6,536 147 2,977 5,711 13.340 61.440 13.340 51.440 1.897 12.273 17,4(X) 31,727 14.452 11.249 52.512 17,497 20,495 1.897 12.2n 17.400 31.727 14.452 14,223 390.105 42.161 432,266 414.082 Governance cost5 are the associated in running the charity as a United Kingdom charitable company and specificèlty inilude the costs of the external audit. STAFF cosrs 2024 2023 The average mnthly number of employees lexcludingTrusteesl during the year was". Office and administration No. Staff costs forthe above persons: Waees and 5alèrie5 Social Security costs Staff pension costs Settlernent agreement Costs Other staff costs 196.774 17.092 16,248 209,644 19.107 15,990 30,000 7.994 23.934 254,048 282.735 The iotal amount of employee benefits. including employerfs n*ional insurance contributions, received by key management personnel for their services to the Charity anKJunieiJ to £241.65412022123.. £274,741). The Trustees received no remuneration 12022123." £Nill for their services provided to the ChaTity and did not claim for any expenses incurred on behalf of the Charity durin£ the current or previou5 year. Other than in respect of the Trustees, the Charity is not reliant upon the contribution of volunteers. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 31 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued} for the year ended 30 June 2024 5fAFF COSTS (Continued) 2024 2023 The number of employees whose erlUments anM)unted to over E60.0(K) in the year was a5 follow5.. £60.001- £70.000 £70.001- £80.000 £80,001- £90.000 £90.001- £1(K),O(MJ £ioo,ooi - £110.0 £iio.ooi- £0.{]0 No. In respect of the ernployee noted above in the prior period, the amount disclosed is inclusive of settlements and rotal pension contributions payable during 2022123 amounted to £6.785. io. TANGIBLE FIXED ASSETS Freehold land and buildin85 Long Fixtvres. leasehold ffttings and property equipment TOTAL Cost.. l July 2023 Addition5 1.108.996 4.197 254.866 108,703 4,942 1.472,565 9.139 30June 2024 1.113.193 254.866 113.645 1.481,704 Depreciation: l July 2023 Charged in the year 25.719 6.618 173.CffJ4 5.097 100.929 2.737 299,742 14,452 30June 2024 32.337 178.191 103.666 314,194 Net book value.. 30 June 2024 1,080.856 76.675 9.979 1.167,510 30 June 2023 1.083.277 81,772 7.774 1.172.823 During 2018119, the Chartty acovired the freehold of a 4-bedroom residential property at 24 Ringwood W3y. Hampton Hill. whiih it refurb¥shed for a total cost of E638,606 and then leased to Spear Housing Association Limited to be managed for the beneftt of forrner homeless people transitioning back into the community. The land element of thi5 property with a hi5toriial cost of £321.(K)O is not bein8 depreciated, but the fÈmaining building element Is bng depreciated on a 2% per annum straight line basis with effett from 2019120 onwards. Hampton Fuel Allotment Char- Annual Report 30 June 2024
Page 31 of 48 HAMPTON FUEL ALLOTMENT CHARETY NOTES TO THE FINANCIAL STATEMENTS (Continued) lor the year ended 30 June 2024 io. TANGIBLE RXED ASSETS Icontlnuedl The Charity is the legal owner of the freehold land on which building projects have been undertaken. Grant funding to cover the cost5 of the building Projects wa5 included in charitable expenditure in the years in which the expendr(ure was incurred. Detai15 of the land and the recspients of the grant5 are as follows.. Land RecFpient of grant Lalld at Sihool Road. Hampion Hill Hampton and Hampton Hill Communrty Care Group 235.973 Land at Oak Avenue, Hampton RKhmond upon Thames Churches Housing Trust 165.309 Land at Prince5 Road. Teddington RichId upon Thames Churches Hous1 Trust 461,282 In each case, the iecipients of the grawtt5 also benefrt on a continuing ba515 frorn operating rent free in these properties. The property value5 afe histor¥c values. The long leasehold properry represents the Charl$ office at 15 High Strert, Hampton. Below is a table Itsling all the Chan$ property interest LEGAL OVINER OF FREEHOLD LAND AND PROPERTIES l. The Greenwood Centre. Hampton Hlll The property is leased rerit free to Hampton and Hampton Hill Community Care Group. It 15 a 99- year lease commencin8 25 March 1991 (Land Registry fitle Numbers.. TGL57123 and MX2484831. The fegistered leasehold sntÈrest was transferre(J to the limited company Hampton & Hampton Hill Voluntary Care (Company registration number.. 064318821 on 26 October 2021 (Land Registry Title NurnbeT TGL818321. 2. Oak Avenue/Mae Close, Hampton There are 8 bun8alow5 on the site. The properties are leased rent free to Richmond upon Thames Churches Housing Trust for 99 years. commencing 23 May 1991. Richmond upon Thames Churches Housing Trust is now part of Paragon Asra Housing (Land Reeistry fitle Number TGL615171. Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 33 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Iconiinyedl for the year ended 30 June 2024 io. TANGIBLE FIXED ASSETS (Continued) LEGAL OWNER OF FREEHOLD LANO AND PROPERTIES Iconiinuedl 3. 44 and 46 Printes RoadlBranksorne Close Teddington There are 4 ontrbedroom homes for disabled people. The properties are leased rent free to Richmond upon Thames Churches Housing Trust for 99 years. commencing 29 September 1996. Richmond upon Thames Churches Housing Trust is now parr of Paragon Asra Housing. Land Registry fitle Number MX101444144 Princes Roadl Lènd Registry Title Number 5GL168336146 Princes Road) 4. 24 Ringwood Way. Hampton Hill The property Wa5 purchased in Ottober 2018 for£575.0(MI. (Land Registry fitle Number.. MX4165141 The property has been leased to Spear Housing Association Mited for 6 years from June 2019. LEASEHOLD 5. Office at 15 High Street. Hampion. TW12 2SA 999-year lease from 29 September 1988. ADOlONAL PROPERTY INTERE5T5 6. The White House, The Avenue. Hampknn The Charity provided a grant of £1.29 million to fund the construttion of a community centre. There was a long-term lease between the Trustee5 of Hampton on Thames Community Association and the local authortty. who are the owners of the land, the lease wa5 surrendered in September 2020. Ir was subsequently taken over by YMCA but transferred ro Achieving for Children in April 2024. The original lease wa5 for 125 years from 15January 1993. In the event that the building closes or 15 used for non-community tsse. the Charity 15 entitled to compensation. Details are set out in the 1993 Deed between the Charity and the local authoriry. The Trustees consider that the 1993 Deed is no longer 'lit for purpose., particularly following the surrender of the long-twm lease, and are kepn to negotiate a new Deed with the local authority. Hampton Fuel Allotrnent Charity-Annual Report 30 June 2024
Page 34 of 48 HAMPTON FUEL ALLOTMENT CHARirY NOTES TO THE FINANCIAL sfATEMENTS Icontinuedl for the year ended 30 Juno 20Z4 io. TANGIBLE FIXED ASSEYS IContinued} ADDITIONAL PROPERTY INTERESTS Icontinuedl 7. Property at 20 Seymour Road. Hampton Wick In 1991. the Charity provided a grant of £220,500 to Richmond upon Thames Churches Housing Trust (now part of Paragon Asra Housingl to convert a property into 4 self-contained flats for highly vulnerable people. If the current property is sold or 15 used outside the purpose5 for which thegrant was made (that being suppon for hsghly vulnerable people), the Charity is entitled to the original grant or 54.5% of the sale, whichever is greater. There is a new legal agreement between the Charity and Paragon Asra Housing signed In 2019.. and a charge has been pl¥ed on the property Ifitle number MX134751. 8. All Weather Sport5 Pitch at Hampton Academy Funding of £375.(M)O was provided to the local authority for an all-weather sports pitch for the then Recrory School Hampton. The funding rs repayable if the covenants are broken within 60 years. Updated Trust Deed dated 19 Au6USt 2010. expiry date 30 April 2051. 9. Property at 26 The Green. Twickenham Funding of £IW,000 was piovided in 1997 to Richmond-Upon-Thames Welcare, later transferred to Southwark Diocesan Welcare. There is a charge on the property in favour of the Chèrity. If the property 15 sold within 25 year5. the Charity is to receive five eleventh5 of the proceed5 of the sale. 10. Llnited ReformÈd Church, Hampton Hill Granr award of £290.000 for community centre. Agreement between the Charity and the United Reformed Church Isouthern Provincel Trust Ltd dated 9 February 1996. The Agreement states that if thechurch ceases to occupy the building or it 15 no longer used for community use, the grant 15 to be paId. reducing £5,(X)O for each year that the community centre has been used by the church. 11. Metropolltsn Water Bo•rd Club and Institute. 3 Ashley Road. Harnpton Grant awarded to Metropolitan Water Board Club of £120.000 for major refurbishment work. If the owner c105es and/or sells the property, the grant is to be repaid. Agreement dated 27 FebruaTV 2006. Thefe is a charge on the property dated 25 June 2008 in favour of the Charity ITitle Number SGL2225981. Hampton Fuel Alkjtment Chariry-Annual Report 30 June 2024
Page 35 of48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL sfATEMENTS (Continued) for the year ended 30 June 2024 ii. FINANCIAL INVEStMEpirs 1024 2023 Inve5trnent listed on a recognised stock exchange * marketvalue.. Market value at l Julv Purchases at cost Sale proceeds Realised gains on investments Unrealised gains on investments 57,087,135 56.648.732 12.437.836 44,493,352 114,152,8011145,172.2641 272.120 58,966 6.804.240 1.058,349 Market value at 30 June 62.448.530 $7,087,135 At the balance sheet d*e, the market value of the portfolio comprised.. UK investments Overseas investments 33.902.772 41.842,162 28.545,758 15,244,973 62,448,530 57.087.135 At the balance Sh date. the market value of ihe portfolio comprised-. Unit trust funds Equities 30.300,210 29.127,482 32,148,320 27,959.653 62.448,530 57,087,135 The historical cost of investments at the balance Sheet date was £SL017.213 130 June 2023= £52.044,9081. Individual holdings representing morethan 5% of the market value of the portfolio atthe balance sheet date are a5 follow5= 2024 2023 Rathbone Active Incorne & Growth Untts- 21,079,874 units130 June 2023.. 21.808.S37 unit51 30,3(X).210 29.127.482 The Trustee5 have a¢Jopted a polt(v of total retum accounting for the Charit¢5 general endowment investment returns. Thiswas approved bytrustees on 29April 2015. The investment return to be applied as income is based on a judgement as to what $5 required to meet grant payments to current beneficiaries. Alongside this, the Trustees, poliry 15 to maintain sufficient free reserves to cover three years of operating expendtture. The balance of the total investment return 15 reinv&ted primarily for the benefit of future generations. The preserved value of the invested endowrnent capital represents its on market value a5 0130 June 20101£39.18 million). as shown in rhe Charity'5 auLlited financial statements for that date. together with arUts added to the eftdowed capital at the decision of the Trust5. Harnpton Fuel Allotment Charity- Annual Report 30 June 2024
Page 36 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL ATEmENTs IContinued} for the ye4r ended 30 June 2024 12. SOCIAL INVESTMENT5 2024 2023 Conce55ionzry loan5'. Interest fee loans 29,895 Included in interest fvee loans are arYKJunt5 falling the aftei more than one year of £29,895130 June 2023.. £Nill. 13. DEBTORS 2024 2023 Atnount5 falling due within one year-. Prepayment and accrued income 246.738 317.307 14. CREDITOKS 2024 2013 Amounts fallifig due within one year.. jcial Security and taxation Pension Contributions payable Accruals 13.777 2,710 810.643 2.227 578.060 585.776 827.130 15. THE FUNDS OFTHE CHARITY Transfers between funds l July 2023 Gain5 on Income Expenditure investments 30June 2024 Endowment Fund5= Pertnanent Endowrnent Fund Unapplied Total Rerurn Fund 51.15L123 51,151,123 $4.144 1.115.619 1107,4631 6.113.267 16,848,877) 326,690 51,205,267 1.115.619 1107.4631 6.113.267 16.848.877) 51,477,813 Unrestrirted Income Funds: General Fund Current General Fund Future Idesignated fund) 8,094.731 216.491 13.175.CV341 963.093 3.cKxJ.orN) 9.099.221 3.848.877 3.848,877 8.094.731 216.491 13.175.094? 963.093 6.848,877 12.948,098 59,299.998 1.332.110 13.282.557) 7.076.360 64,425,911 Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 37 of 48 HAMPTON FUEL ALLOTMEMT CHARITY NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2024 15. THE FUNDS OF THE CHARITY (Continued) The Permanent Endowment Fund was e5tablishe(l in 1988 when the U)artfy disposed of the freehold land granted following the 1811 Eni105ure Act. As a permanent endowrrent funé. the assets cannot be dirertly applied to cover charitable expenditure. but income derived therefrom can be treated as unre5trirted at the discretion of the Trustees and can then be used in accordance with the charitable objects. Under the powers granted to thern by section 104AI21 of the Charities Att 2011. the Trustees have adopted a Total Return approach to the management of the Permanent Endowment Fund. Included within the Permanent Endowment Fund are net unrealised gains arising on the revaluation of investments totalling £9.363,3([30 June 2023.- £4.446.2291. The Unapplied Total Return Fund comprises that part Df the total return the Charity'5 permanent endowment investrnent5 which has not yet been allocated by the Trustees to 3ny other fund. It can be carried forward, allocated io be spent as income or reinvested in any particular year. Included within the Unapplied Total Retum Fund are net UnalIsed gains arising on the revaluation ol investments totalling £Nil130 JLne 2023. £Nill. The Charitrf5 unrestricted income funds comprise those amounts which the Tru5tee5 are free to use in accordance with the charitable objective5. Included within the unrestricted income lund5 are net Linrealised gains arising on the revaluatTOn of investments of £2.068,011130 June 2023.- £575,998>. To address the challenge of reinvesting some of the total return for the benefit of future generations, whi15t retainingtheflexibility to help with meeting unanticipaied acute needs of the current generation, the Trustees have agreeij to designate £3,848.877 of the vnrestritted income to the General Fund Future for this purpose with effert Irorn 30 June 2024. The combined value of the General Fund Future and the Permanent Endowment Fund of £5S.O million at 30 June 2024 is approximately equal to the nflation adjusted value of the original value of endowed funds1£21.6 million) received in 1988. The remaining unrestricted intome fuftd5 recognised within the General Fund Current, afe the amounts used to satisfy the Chariws on80ing grant proErammes. For the year ended 30 June 2024, rhe TrustÈes took the decision to transfer £Nil12022123.. £1,OD2,9631 from the Unapplied Total Retum Fund to the Permanenr Endowment Fund. to tfan5fer £6,848.877 12022123.. £1,500.0(K>l frorn the Unapplied Total Return Fund to the General Fund Current. and then to de5igne £3,848.87712022123= £Nill of the General Fund Current balance to the General Fund Future. Hampton Fuel Allotrnent Charrty- Annual Report 30 June 2024
Page 38 of48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Iconlinuedl foi thè year ended 30 Junè 1024 15. THE FUNDS OF THE CHARtTY (Continued) Transfers between funds l July 2022 Gains on Income Expenditure investments 30June 2023 Endowmeni Funds= Perrnanent Endowment Fund Llnapplied Total Return Fund 50.148.160 I.CM12.963 51.151.123 38.361 1.652,541 188.0441 954.249 12.502.963) 54,144 50.186.521 1.652.541 188.0441 954.249 11.500,0(M)1 51,205.267 Unrestricted Income Funds= General Fund 9.224.844 277.972 13.071.151) 163.066 1.5CQ.( 8,094,731 59.411.365 1.930.513 13.159,1951 1.117,315 59.299,998 16. ANALYSIS OF NET ASS5 BETWEEN FUNDS Unrestrftted Income Funds Endowrnent Furtds Unapplied Total Return Fund Permanent Endowment Fund General Fund Current GeneTrl Fund Future A5 at 30 June 2024 Totsl FIXED ASSETS: Tangible assets Financial investments Social investments Concessionary loans CURRENT ASSETS.. Debtor5 Cash 31 bank and in hand LIA81LITIES.. Creditors.. Amounts falling due within one year 1.167,510 1171.1991 7,619.729 1,167,510 3.848.877 62.448.530 51.151.123 29.895 29.895 244.528 253.361 2.210 865.653 246,738 1,119,014 1585.7761 1585.7761 TOTAL NET ASSETS 51.151.123 326.690 9,099.221 3.848.877 64.425,911 Hampton Fuel Allotment Charity- Annual Reptsrt 30 June 2024
Page 39 of 48 HAMPTON FUEL ALLoTmEcNAAITY NOTES TO THE FINANCIAL STATEMENTS Iconiinuedl for the year ended 30 June 2024 16. ANALYSIS OF NET A55Ffs BEfwEEN FUNDS (contin1) Unrestrirted Incoffle Funds Endowrnent Fun& Unapplied Total Return Fund Pemianent Endowment Fund General Fund Current General Fund Ftrture As at 30 June Z023 Total FIXED ASSETS- Tangible a55et5 Financial investments CURREMt Ass5. Debtor5 Cash at bank and in hand UABILITIES.. Creditors." Amounts falling due within one year 1.172.823 1585.3261 6.521.338 1,172,823 57,087,135 51,151,123 314.834 324.636 2.473 1.225.227 317.307 1,549.863 1827.1301 1827,1301 TOTAL NEf ASSETS 51.151.123 54.144 8,lJ94,731 59.299.998 17. GRAMfS AWARDED IN THE YEAR 2024 Ad¥t. Advo¢a¢y and OLrtreach Richmond Cttizen5 Advice BuaU Contribution toword5 501ories undo550CjUted costs fo SUPPOrt ot leust 1.520people in the HF urea including vio outre¢ych work tn or leost 4 locolvenues in orLler to Secure odditionol £l.IMlor tse houselrolds. 52,5(KJ Totsl Awarded for AdvFce. Palvoc3cy and Oulrezch 52,500 Arts, Sports and Recreation HaFnpton Rangers Junior Football Club Contribution toward5 C05ts of o new toilet building for the club. 35.000 Totsl Awarded for Art5. Sports and Re¢reatFon 35.000 Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 40 of48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANaAL STATEMENT5 Iconiinuedl for the year ended 30 June Z024 17. GRANT5 AWARDED IN THE YEAR (Continued) 2024 Carers RiChrnd Carer5 Centre Contribution towt7rds s010ry costsAor2 Adult Corers Support Workers. Towords the solory ond ossocNotedcosts of o Young Curer5 Wellbeing undArtivitie5 Worker to work with the Young Corers Support tet7m to deliver the menroring support ond OttivitiespfO4Tromme to young corers in the HForeo. 82.050 RKhmond upon Thame5 Crossrozijs Care Contribution toword5 1..1 re5Plte core ond community respite core15oturdoy Clubl. ro provide un intensive mentoring support progrommefvvp to IQ young people with complex needs theirfomilies in the Hompton FuAJdoreu of benefit. 98,000 Total Awarded for C3rers 180.050 Children and Young People Home-start Richmond, Kifigston and Hounslow Contribtstion towords solury costs to coordinote undmunuge supportft>r vulnerLrblefumilie5 With children unders Iiviftig in the HF oreLT. LVA Trusi Contribution towurds core 5uILTry C05t5. 36.750 28.000 Mid Mediation and Con5uliing Ltd Contribution rowords costs olFJmilyBrid9es proje¢ odultcounsellin ond child counsellino. 16,500 Off the Record (Twickenhaml Contribution towards 501uryc05tsforthe core5roff teom. Contribution towords njnnino costsAor3 sutellite counselli services in rhe HForeo. 2 ot Greenwood Centre und l ot Orange Tree Clinic in Teddington. 48.850 Park Lane Stables RDA Contribution toworLIs 5uIory costsfor RDA workers who olso have ddItOI needs. 20,OIX) Hampion Fuel Allotment Charity-Annual Report 30 June 2024
Page 41 of48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontsnuedl for the year ended 30 June 2024 17. GRANTS AWARDED IN THE YEAR Icontinuedl 2024 PCC St Richard's Church. Hanworth Contribution towords sulorycostsforport-time f22hrsl Children ond Fomilies Worker c05t5. Purple Elephant Project Conrribution toword5 5uIoryc05ts of o theropist to deliver2 doys offree thert7peutlC ses5nSfOr8 children in HForeu of benefft. 21.432 Richmond Music Twst Contribution towords subsidAsed ploces sthemeAor music tuition l..1 ond in group5fvr vp to J30 youno people tsttending schools in the HFLrreu. 26,000 Totsl Awarded for Chlldren and YOU People 203,532 Colnmunity A¢ti¥ltles Churche5 Together in Teddington Contribution towords Chri5tmo5 Duy lunch undortivitiesfor up to 85 sociolly i501oted ond vulnemble residents. 7W Hampton & Harnpton Hill Voluntary Care Group Contribution toword5 501oryiostsforprovision of befrie*7ding service, community tronspor¢ und running of ientre. 30,000 Multicultuol Richmond Contribution towords s¢ylory ortdcore octiviries costs to promote rutj community outreuch 5e5510115 (rt the Hounslow Heoth Community Cerfre ond to support30+ isoluied Mem[r5 in the Heuthfield communty. Rakat Ltd Contribution toword5 5o10ry core costs 5UPPOrtYlTr9 J20+ community orgunisutions & troinino l(Xl+ volunteerdrivers 15.015 Richmond Furniture kheme Contribution towords solory costs ol VolunteerCoordin(rtoT. 28,000 Shepherd's Star Contribution towords CO costs of running oll theproierts offered. 10.500 Hampton Fuel Allotment Charity-Annual Report 30 June 2024
Page 42 of 48 HAMPYON FUEL ALLOTMENT CHARITY NOTE5 TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2024 17. GRANTS AWARDED IN THE YEAR (Continued) 2024 Ukrainian Social Club CFC Contribution rowords solories ond runniw costs. ContribLrtion towords core cost5for 0 12-monrhperiod.- to support SODF Ukroin refugees Iwing in rhe HForeo. 36.900 Total Awarded for Communrty Artivities IZ8,115 Disabillty ADHD Embrace Contribution roword5 rhe core solorycosrs rosupport chAldren ond young people with ADHD ond rheirfumilie5/cgrers in the HF ureu. 12,600 Integrated Neurological SeEvice5 Contribution toworL15 the s010ry costs of the Rehobili¢Otion teom supporting 15&F client5 in the HForeo. 40.1 Middlesex Assoctation for the Blind Contribution towords rhe solory ond mnning costs ol the Horne Visiting Service, Rap Response Counselling sessions tsnd Mobile Resource Unit in Richmondsupporting ot leost 23 vNsuolfy impoired people in the HForeo. 13.250 RIchnnd Advice and Information on Disability IRAIDI Contribution towords the coresolory c05t5 fFinunce Officer ond CEOJ d toword5 core runnino costs of Coun5elling. MoneyAdvice service. PeerNerwork ondother ortivities. 66.000 RUILS Independent LNing Contriburton towords stsluryc05t5 of Fomily MLrtters Projert 5LlPPOrtingfomilies with Ihildren with di5obilAties. 32.000 RUILS Independent VIng Corttribution toword5 the 5010ry t7nd Dssoc4Jted costs olthe SEND1Speciol Educotionol Needs ondDisubilitie5J Advice tecrm to supportfomilie5 111 the HForeu. 37,800 Skylarks Conrriburion towords the SLrluryc05tsfvr u newHeod of OpErution5 Qnd core costs,. in ordErro reach over 4(K)lomilie5 in HFS oreo of benelit. Corjtribijrion towords the sJlorycostsAor the SEND 15claI ErJucotK)nol Needs t7nd Disobilitie51 Advice Munoger. 66,S(K) Hampton Fuel Allotment Charity- Annual Report 30 June 2024
Page 43 of 48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2024 17. GRANTS AWAROED IN THE YEAR Icontinuedl 2024 TAG Youth Club for Disabled Young People Contribution towurds solorycosts. 1S.OtMI The People Hive Contribution towords core solorycosts t0prove sUPPOrtund LTrtivitie5ftJrpeople with leornino difficulties. 33,(K)O Totrl Awarded for Disability 316,150 Education Learn English at Home ContributiOA) tokv¢irds soloryond running costsfor l..1 ond group ESOL (Englishfor Speokers of OrherLonguoge51 le550115. 22.5(X) Richmond EAL Friendship Group Contribution towurd5 solories ondrunnin9 costs to provide EAL IEngli5h t75 on AdditionulLLJnguogel c(purses. iO,O(K) Totsl Awarded for Education 32.500 Health and Wellbeint Addiction Support and Care Agency IASCAI Contribution towords the p/t5tJlory ond a55lted¢O5ts of the Coun5elling Monooer, roprovide support 57peoplefrom the HForeo. 12,300 Brighter Together Contriblon towords rwo intergenerotionulprojects ot l(rolcore hoffle5fof the elderly with two nur5erysclM)015. 7.350 Food for Thought Heathfield CIC Contrib(rtion towards the 5UPPOrt of 5LFIurycostsforProjert C(Troréinotor/Direttorfor21 hours o week. 4.704 OK Music Trust Contribution towords Musicschool running c05t5 contribution rowords core running costs. 25.ClXI Richmond Borough MIND Corrtribution towords the solorie5 und 0550ctEd costs of the Volunteering ServNces Monager. Peerservices Olficer ondservice Mtynager. 42.lY)O Hampton Fuel Allotment Chartty-Annual Report 30 June 2024
Page 44 of 48 HAMPTON FUEL ALLOTMENT CHARtTY NOTES TO THE FINANCIAL sfATEMENTS (Continuedl for the year ended 30 June 2024 17. GRANTS AWARDED IN THE YEAR Ict)ntinuedl Z024 SEEN Contribution towurd5 5uIoryc05t5 Qndcosts of 5chLY)Iprogromme. 9.oc Space2Grieve Contribution toward5 the 501urycLsts of theport-timeService Monugerond o contribut toward5 Kunning iort5. 22.0 Still Building Bridge5 Contribution rowords running costs. The Mulberry Centre Contribution towards core suluries tsnd running costs.. to support 2(X) people in the HForeo living with oruffecteLlby concer. The Real Junk Food Project ITFPl Contribytion tov/ords sulory costs to ccFordinoteondmonoge the community ctsles in HForeo. 24.600 The Wineyard Community Centre Conrribution towords the 5o10ry costs of keystoff supporting vulnerable people reuctivelyondpreventutivety. exrnCIng cornplex crisis in the HF oreo. 31,500 Voice5 of Hope Contrib$0 ro delftver rhe BRITE Boxprojett in portnership with schoots to 60f0mll$ in t1 HFureu. 21.060 Total Awarded for Health and Wellbeirkg 242.514 Housing and Hornelessness Spear Housi AssociatFon knmiie(I Contribution towards running costs ol the Speor Twsckenhum Hub supporting homele55people in the HFureo of benefit. 35.0(Kl Total Awaided for Housing and Homelessness 35,000 Older People Age UK Richmond urM)n Thames Contribution toword5 501oryondwnning c05t5 of the Inforniutio ndAdvice seThice ond rhe HondypersonSer¥ice.' supporting 1.4OIdereOPIe in the HF fjTeu. 79.200 Hampton Fuel Allotment Charity- Annual Report 30 June 2024
Page 45 of 48 HAMPTON FUEL ALLOTMENT CHARirY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl for the year ended 30 June 2024 17. GRANTS AWARDED IN THE YEAR Icontinuedl 2024 Elleray Comrnuntty A550Ciation Conrriburion towords 5LTIuryc05ts of Activities ond Volunteer Coordinotor. 35,000 Linden Hall Community Centre Ltd ContribLirion towords rhe 501ury c05tsfor thE Centre Monoger ond towords running cost5. 35,000 Homelink 1st Augustine's Community Care Trusrl Contribution towords sulories ond ossociored costs topmvmje respite t7nd supportfor clients theircorer& 36,750 Whitton Network Contribution towards st71oryoACoordin(rtor. 7.000 Totsl Awarded for Older People 192.950 Other Room For Work Contribution towurd5 2 x 12-week Room For Work Coue5fr nempl(ryedpeople oged 4& livirjg the HF oreo. 15,600 Total Awarded for Other ,600 Hampton Fuel Allotrnent Chartfy-Annual Report 30 June 2024
Page 46 of 48 HAMPTON FUEL ALIOTMENTCHARITY NOTE5 TO THE FINANCIAL STATEMENTS (Continued) for the year ended 30 June 2024 18. RELATED PARTY TRANSAUIONS All the Chariws Trustees are drawn from the London Borough of RKhmond upon Thame5 OT will have a strongconnection tothe &)rough. Many are very active in thecommunity and bring valuable knowledge and information to the ChariW5 decision-making. When the possibility of awarding a grant to an or8ani5ation with which they or their famity are connected is being considered, the Trustee concerned declare5 an interest and if present at the meetin& will leave the room before any discussion takes place and a final decision is made. Relared party transattionswill be recorded even if aTrusiee with a potential conflict of interest is not in attendance at the meeting when a d&ision is made. During the year. the Twstees awarded no grnnts where there was a related party12022123= 1 grant totalling £5,tKK)l of which the followng Tfustee or close family, may be regariled as a lated party.. Description Arnourtl£l 23124 Amount 1£) 22123 TW Money Advice Ser¥ice Mortin Duffy ITru5ree or TWMoneyAdvice Ser¥iceJ Total In addition to the above. during the year. fuel grants amountin8 to £520 were awarded to a relative of member ofthe Charity's staff_ 19. RECONCILIATION OF NEf INCOMEIIEXPENDfTUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 NET INCOMEIIEXPENDITUREI FOR THE REPORTING PERIOD 5.125.913 1111.3671 Adjustments for.. Dividends, inte$t. and rents fvom inve5trnents Net gains on investrnents Depreciation charge5 Decrease in debtors Decrease in credr(ors 11.291.375) 11.902.571) 17.076.360) 11.117,3151 14,452 14,223 70,569 1241.3541 135,4071 NET CASH USED IN OPERATING AcrivtnES 13,398,155) 13,151,657) 20. ANALYSIS OF CHANfjES IN NET FUNDS At l July Z023 At 30 June 20Z4 Cashfiows Cash at bank and tn hand Iy9.863 1430.8491 1.119,014 NETFUNDS 1,549.863 1430,8491 1,119,014 Hampton Fuel Allotfflent Charity-Annual Report 30 June 2024
Page 47 of48 HAMPTON FUEL ALLOTMENT CHARITY NOTES TO THE FINANCIAL STATEMENT5 Iconiinuedl tor the year ended 30 June 2024 21. FINANCIAL INsfRUMENTS 2024 2023 Carryin£ amount of financial assets.. Equity instruments measured at lair value 62.448,530 $7.087.135 Hampton Fuel Allotment Ch3rity-Annual Report 30 June 2024
Pa8e 48 of 48 HAMPTON FUEL ALLOTMENT CHARirY FINANCIAL STATEMENTS for the year ended 30 June 2024 ACCOUNTANT'S REPORT TO THE BOARD OF TRUSTEES OF HAMPTON FUEL ALLOTMENT CHARITY ON THE UNAUDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30 JUNE 2024 In order to assist you to fulfil your duties under Charilies Act 2011 and gUlatiOnS thereunder. we prepared for vour approval the financial sratements of Hampton Fud Allotment Charity. which comprise the Statements of Financial Activities. the Balanie Sheet. thestatement of Cash Flow5 and the led notes as set out on pages 21 to 47 in accordance with the financial reporting f¥amework Set out theIft from the Charity's accounting records antj from information and explanations you have given u5. As a practisine membeT f1rm of the Institute of Chartered Accountants in England and Wales IICAEWI, we are subject to Its ethical ènd other profe55ional requirements which are detailed at." http'.//www.icaew.comlen/members/re8ulations-standards-and-guidance. This port is made solely to the Board of Trustees of Hampton Fuel Alloiment Charity. as a body, in accordance with the terms of our engagement letter dated l May 2024_ Our work has been underraken solelyto prepare for your approval the financial 5tatement5 of Hampton Fuel Allotment Charity and slate those matters that we have agreed to state to you in accordance wtth ICAEW Technical Release 08116 AAF as detailed at icaew.comlcompilation. This rew)rt should not therefore be regarded as suitable to be used or relied on by anv other party wishing to atquire any rights agalr1 RSM UK Tax and Accounting Mited for any purpose or in any conrexi. Any party other than rhe Board of Trusrees. which obtains access to thts report or a copy and chooses to rely on this report lor èny pèrt of it) will do 50 at it5 own risk To the fullest extent permitted by law, RSM UK Tax and Accounting Limited will accept no responsibility or liability in respert ol thi5 report to any other partv and shall not be liable for any 105s. damage or expense of whatsoever nature which 15 laU5ed by any person's reliance on representatiOFTrS in this report. It is your duty to ensure rhat Hampton Fud Allotment Charity has kept adequate accounting records and to prepare statutory financial statemenrs that give a true and fair view of the assers. liabilities, financial position, and net movernent in funds of Hampton Fuel Allotment Chartty under the Charities Art 2011 and regulation5 theTeunder. We have not been in5trutted to carry out an audit or a review of the financi31 statements of Hampton Fuel Allotment Charity. For thi5 rea50n. we have not verifieij the accuracy or completeness ol the accounting records or information and explanations you have given to us. and we do not, therefore. express any opinion on the financial statements. R5M UK Tax and A£iounting Lirnited Chartered Accountant5 Third Floor. One Londofi Square Cros5 Lanes Guildford Surrey GUI IUN 21 December 2024 Date Hampton Fuel Alk)tment Charity- Annual Report 30 June 2024