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2022-04-05-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 4
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	6 to 9
Statement ofFinancial	Activities	10
Balance Sheet
Notes to the Financial	Statements	12to 24

				Frank Hodson	Foundation		Limited
			Reference and Administrative				Details
Trustees				JA Lawrence
				J Ball FCA
				S Perkins BSc(Hons)
				N S G Hilton
				R H Pascual	MRICS
				A J Belfield
				JR Ball
				A P Kingswood
				A-M Price
Secretary				J Ball FCA
Charity	Registration		Number	213320
Company		Registration	Number	00461376
				The Charity	is incorporated	in England &Wales.
Registered		Office		Northgate House
				North Gate
				New Basford
				Nottingham
				NG7 7BQ
Auditor				RWB CA Limited
				Northgate House
				North Gate
				New Basford
				Nottingham
				NG7 7BQ
Solicitors:				Taylor Rose	MW
				58 Borough High Street
				London
				SE1 1XF
Bankers				Lloyds Bank	Plc
				Old Market Square
				Nottingham
				NG1 6FD

			and Los	ses)
					Total	Total
				Unrestricted	2022	2021
			Note
Income and Endowments		from:
Donations and legacies				350	350	18,760
Investment income				225,257	225,257	239,051
Total Income				225,607	225,607	257,811
Expenditure on:
Raising funds				(106,013)	(106,013)	(69,040)
Charitable activities				160,108	160,108	(191,133)
Total Expenditure				54,095	54,095	(260,173)
Gains/losses on investment		assets		709,578	709,578	757,251
Net income				989,280	989,280	754,889
Net movement in funds				989,280	989,280	754,889
Reconciliation offunds
Total funds brought	forward			10,063,473	10,063,473	9,308,584
Total funds carried	forward		21	11,052,753	11,052,753	10,063,473

			Bala	nce Sheet as a	t 5 April 2022
						2022	2021
					Note
Fixed assets
Tangible assets					13	2,290,028	2,346,124
Investments					14	7,313,485	7,005,287
						9,603,513	9,351,411
Current assets
Debtors					15	401,896	29,835
Cash at bank	and in hand				16	1,067,677	704,223
						1,469,573	734,058
Creditors; Amounts			falling due within	one year	17	(20,324)	(21,987)
Net current	assets					1,449,249	712,071
Net assets						11,052,762	10,063,482
Funds ofthe	Charity:
Unrestricted	income		funds
Called up share capital					19	9	9
Unrestricted						11,052,753	10,063,473
Total unrestricted		funds				11,052,762	10,063,482
Total funds					21	11,052,762	10,063,482

3	Income f	r	om d	onations and legacies
					Unrestricted
					funds	Total	Total
					General	2022	2021
Donations and			legacies;
	Donations	from		individuals	350	350	18,760
					350	350	18,760
4	Investment		income
					Unrestricted
					funds	Total	Total
					General	2022	2021
Interest receivable				and similar income;
	Other interest receivable				4,313	4,313	4,187
Other income			from	fixed asset investments	113,351	113,351	118,108
Income from		rents			107,593	107,593	116,756
					225,257	225,257	239,051

a) Inve	stment	managem	ent	costs
						Unrestricted
							Total	Total
						General	2022	2021
Other investment		management		costs;
Stockbrokers		portfolio	management		costs	27,312	27,312	23,934
Management		fees and expenses				6,399	6,399	6,206
Property expenses: Let						70,097	70,097	36,961
Staff	Costs					2,205	2,205	1,939
						106,013	106,013	69,040
6 Expenditure		on charitable		activities
						Unrestricted
						funds	Total	Total
						General	2022	2021
Welfare	officers	salaries				38,631	38,631	38,398
Welfare	officers	expenses				4,072	4,072	2,698
Property	expenses: Rent		free			88,628	88,628	59,606
Gifts to	residents					1,648	1,648	1,620
Sundry	expenses					2,074	2,074	876
Management fees and expenses						34,972	34,972	31,747
Depreciation of		freehold	property			45,002	45,002	45,365
(Profit)/	Loss on disposal		oftangible		fixed assets	(386,453)	(386,453)
						(171,426)	(171,426)	180,310

Governance costs
		Unrestricted
			Total	Total
		General	2022	2021
Audit fees
Audit ofthe financial statements		2,880	2,880	2,880
Other fees paid to auditors		480	480	432
Secretarial and accountancy	fees	6,939	6,939	6,727
Trustees indemnity insurance		1,019	1,019	784
		11,318	11,318	10,823
8 Net incoming/outgoing	resources
Net incoming/(outgoing) resources for the year include:
			2022	2021
Audit fees			2,880	2,880
Depreciation offixed assets			45,002	45,365
9 Trustees remuneration	and expenses

		2022	2021
Staff costs during	the year were:
Wages and salaries		62,574	60,189
Social security costs		1,177	265
Pension costs		1,347	1,219
Other staff costs		4,072	2,698
		69,170	64,371

2022	2021
No	No

Management	ofwelfare	and property
Welfare officers
Secretarial	and accounting

11 Auditors' remuneration	11 Auditors' remuneration
		2022	2021
Audit ofthe financial	statements	2,880	2,880
Other fees to auditors
All other non-audit services		480	432
12 Taxation

13 Tangib	le fixed assets
		Land and
		buildings	Total
Cost
At 6 April	2021	2,846,551	2,846,551
Disposals		(19,081)	(19,081)
At 5 April	2022	2,827,470	2,827,470
Depreciation
At 6 April	2021	500,427	500,427
Charge for the year		45,002	45,002
Eliminated	on disposals	(7,987)	(7,987)
At 5 April	2022	537,442	537,442
Net book	value
At 5 April	2022	2,290,028	2,290,028
At 5 April	2021	2,346,124	2,346,]24

14 Fi	xed	asset investments
					2022	2021
Investment		properties			3,105,713	3,021,000
Shares	in	group undertakings	and participating	interests	6	6
Other	investments				4,207,766	3,984,281
					7,313,485	7,005,287

Investment properties
	Investment
	properties
Cost or Valuation
At 6 April 2021	3,021,000
Revaluation	91,626
Additions	5,713
Disposals	(12,626)
At 5 April 2022	3,105,713
Provision
At 5 April 2022
Net book value
At 5 April 2022	3,105,713
At 5 April 2021	3,021,000

Participating
interests	Total
K

		Country	of		Proportion	ofvoting	rights	Principal
Undertaking		incorporation		Holding	and shares	held		activity
					2022	2021
Associates
Furlong Court (Management)	Ltd	England	and Wales	Ordinary	22%	22%		Property Management
Other investments
					Listed
					investments	Cash deposits		Total
Cost or Valuation
At 6 April 2021					3,936,697		47,584	3,984,281
Revaluation					40,927			40,927
Additions					733,356		15,570	748,926
Disposals					(566,368)			(566,368)
At 5 April 2022					4, 144,612		63,154	4,207,766
Net book value
At 5 April 2022					4, 144,612		63,154	4,207,766
At 5 April 2021					3,936,697		47,584	3,984,281

15 Debtors
	2022	2021
Trade debtors	8,088	21,182
P repayments	738	8,653
Other debtors	393,070
	401,896	29,835
16 Cash and cash equivalents
	2022	2021
Cash at bank	1,067,677	704,223

17 Credi	tors: am	ounts falling	due within one year
				2022	2021
Trade creditors				3,324	5,573
Other taxation and		social security		1,562	1,366
Other creditors				4
Accruals				9,769	9,383
Deferred	income			5,665	5,665
				20,324	21,987
				2022	2021
Deferred	income at 6 April 2021			5,665	5,075
Resources	deferred	in the period		5,665	5,665
Amounts	released from previous		periods	(5,665)	(5,075)
Deferred	income at year end			5,665	5,665

21 Funds
				Other
	Balance at 6	Incoming	Resources	recognised	Balance at 5
	April 2021	resources	expended	gains/(losses)	April 2022
Unrestricted
General	10,063,473	225,607	204,513	559,160	11,052,753

		Unrestricted	Total funds at
		funds	5 April
		General	2022
Tangible	fixed assets	2,290,028	2,290,028
Fixed asset investments		7,313,485	7,313,485
Current	assets	1,469,573	1,469,573
Current	liabilities	(20,324)	(20,324)
Total net assets		11,052,762	11,052,762

23 Analysis ofnet funds
	At 6 April	Financing cash	At 5 April
	2021	flows	2022
	K
Cash at bank and in hand	704,223	363,454	1,067,677
Net debt	704,223	363,454	1,067,677