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2021-04-05-accounts

Reference and Administrative
Details		 and Administrative
Details
Trustees' Report 2 to4
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 6 to 9
Statement ofFinancial Activities 10
Balance Sheet
Notes to the Financial Statements 12to 23
Frank Hodson Foundation Limited
Reference and Administrative Details
Trustees J A Lawrence
J Ball FCA
S Perkins BSc(Hons)
N S G Hilton
R H Pascual MRICS
A J Belfield
J R Ball
A P Kingswood
A-M Price
Secretary J Ball FCA
Principal Office Northgate
House
North Gate
New Basford
Nottingham
NG7 7BQ
The charity is incorporated in England k Wales.
Company Registration Number 00461376
Charity Registration Number 213320
Solicitors Taylor Rose MW
58 Borough High Street
London
SE1 IXF
Bankers Lloyds Bank Plc
Old Market Square
Nottingham
NG1 6FD
Auditor RWB CA Limited
Northgate
House
North Gate
New Basford
Nottingham
NG7 7BQ

and Los ses)
Total Total
Unrestricted 2021 2020
Note
Income and Endowments from:
Donations
and legacies		 18,760 18,760 70,488
Investment
income		 239,051 239,051 272,995
Total Income 257,811 257,811 343,483
Expenditure
on:
Raising funds (69,040) (69,040) (83,187)
Charitable
activities		 (191,133) (191,133) (192,554)
Total Expenditure (260,173) (260,173) (275,741)
Gains/losses
on investment		 assets 757,251 757,251 (498,430)
Net income/(expenditure) 754,889 754,889 (430,688)
Net movement
in funds		 754,889 754,889 (430,688)
Reconciliation
offunds
Total funds brought forward 9,308,584 9,308,584 9,739,272
Total funds carried forward 21 10,063,473 10,063,473 9,308,584

2021 2020
Note
Fixed assets
Tangible
assets		 13 2,346, 124 2,391,489
Investments 14 7,005,287 5,526,193
9,351,411 7,917,682
Current
assets
Debtors 15 29,835 30,656
Cash at bank and in hand 16 704,223 1,386,814
734,058 1,417,470
Creditors:
Amounts		 falling due within one year 17 (21,987) (26,559)
Net current assets 712,071 1,390,911
Net assets 10,063,482 9,308,593
Funds ofthe charity:
Unrestricted income funds
Called up share capital 19 9 9
Unrestricted 10,063,473 9,308,584
Total unrestricted funds 10,063,482 9,308,593
Total funds 21 10,063,482 9,308,593

Unrestricted
funds Total Total
General 2021 2020
Donations
and		 legacies;
Donations from individuals 18,760 18,760 70,488
18,760 18,760 70,488
4 Investment income
Unrestricted
funds Total Total
General 2021 2020
Interest receivable and similar income;
Other interest receivable 4,187 4,187 8,054
Other income from fixed asset investments 118,108 118,108 148,102
Income from rents 116,756 116,756 116,839
239,051 239,051 272,995

a) Investment managem ent
c		 osts
Unrestricted
Total Total
General 2021 2020
Other investment management costs;
Stockbrokers portfolio management costs 23,934 23,934 24,152
Management fees and expenses 6,206 6,206 8,350
Property
expenses: Let		 36,961 36,961 50,685
Staff Costs 1,939 1,939
69,040 69,040 83,187
6
Expenditure		 on charitable activities
Unrestricted
funds Total Total
General 2021 2020
Welfare officers salaries 38,398 38,398 37,824
Welfare officers expenses 2,698 2,698 3,568
Property
expenses: Rent		 free 59,606 59,606 57,844
Gifts to residents 1,620 1,620 1,590
Sundry
expenses		 876 876 962
Management
fees and expenses		 31,747 31,747 34,230
Legal fees 754
Depreciation
of&eehold		 property 45,365 45,365 45,365
180,310 180,310 182,137

Unrestricted
Total Total
General 2021 2020
Audit fees
Audit of the financial statements 2,880 2,880 2,760
Other fees paid to auditors 432 432 432
Secretarial and accountancy fees 6,727 6,727 6,544
Trustees indemnity
insurance		 784 784 681
10,823 10,823 10,417
8
Net		 incoming/outgoing resources
Net (outgoing)/incoming resources for the year include:
2021 2020
Audit fees 2,880 2,760
Depreciation offixed assets 45,365 45,365

The aggregate
payr		 oll costs were as follows:
2021 2020
Staff costs during the year were:
Wages and salaries 60,189 60,732
Social security costs 265 1,809
Pension costs 1,219 1,163
Other staff costs 2,698 3,568
64,371 67,272
2021 2020
No No
Management ofwelfare and property
Welfare officers
Secretarial and accounting

11 Auditors'
remuner		 ation
2021 2020
Audit ofthe financial statements 2,880 2,760
Other fees to auditors
All other non-audit
services		 432 432

13 Tangible
fixed assets
Land and
buildings Total
Cost
At 6 April 2020 2,846,551 2,846,551
At 5 April 2021 2,846,551 2,846,551
Depreciation
At 6 April 2020 455,062 455,062
Charge for the year 45,365 45,365
At 5 April 2021 500,427 500,427
Net book value
At 5 April 2021 2,346,124 2,346,124
At 5 April 2020 2,391,489 2,391,489

2021 2020
Investment properties 3,021,000 2,183,650
Shares in group undertakings and participating interests 6 6
Other investments 3,984,281 3,342,537
7,005,287 5,526, 193

17 Credit ors: amo unts
falling d		 ue within
one year
2021 2020
Trade creditors 5,573 9,598
Other taxation
and		 social security 1,366 2,912
Other creditors 400
Accruals 9,383 8,574
Deferred income 5,665 5,075
21,987 26,559
2021 2020
Deferred income at 6 April 2020 5,075 4,776
Resources deferred in the period 5,665 5,075
Amounts released from previous periods (5,075) (4,776)
Deferred income at year end 5,665 5,075

21 Funds
Other
Balance at 6 Incoming Resources recognised Balance at 5
April 2020 resources expended gains/(losses) April 2021
Unrestricted
General 9,308,584 257,811 (103,626) 600,704 10,063,473
Unrestricted Total funds at
funds 5 April
General 2021
Tangible fixed assets 2,346, 124 2,346, 124
Fixed asset investments 7,005,287 7,005,287
Current assets 734,058 734,058
Current liabilities (21,987) (21,987)
Total net assets 10,063,482 10,063,482
At 6 April Financing
cash		 At 5 April
2020 flows 2021
Cash at bank and in hand 1,386,814 (682,591) 704 223
Net debt 1,386,814 (682,591) 704,223