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2023-04-05-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 25

				Frank Hodson	Foundation		Limited
			Reference and Administrative				Details
Trustees				J A Lawrence
				JBall FCA
				SPerkins BSc(Hons)
				RH Pascual	MRICS
				A J Belfield
				JRBall
				A P Kingswood
				A-M Price
				S Snaith
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
				58Borough High Street
				London
				SE1 1XF
Bankers				Lloyds Bank	Plc
				Old Market Square
				Nottingham
				NG1 6FD

			and Los	ses)
						(As restated)
					Total	Total
				Unrestricted	2023	2022
			Note
Income and Endowments		from:
Donations and legacies				50,582	50,582	350
Investment income				266,743	266,743	225,257
Total Income				317,325	317,325	225,607
Expenditure on:
Raising funds				(87,178)	(87,178)	(106,013)
Charitable activities				(230,248)	(230,248)	(181,343)
Total Expenditure				(317,426)	(317,426)	(287,356)
Gains/losses on investment		assets		95,325	95,325	1,122, 125
Net income				95,224	95,224	1,060,376
Net movement in funds				95,224	95,224	1,060,376
Reconciliation offunds
Total funds brought	forward			14,402,725	14,402,725	13,342,349
Total funds carried	forward		21	14,497,949	14,497,949	14,402,725

			Bala	nce Sheet as a	t 5 April 2023
							(As restated)
						2023	2022
					Note
Fixed assets
Tangible assets					13	6,965,303	5,645,713
Investments					14	7,241,374	7,307,772
						14,206,677	12,953,485
Current assets
Debtors					15	25,722	401,896
Cash at bank	and	in hand			16	285,739	1,067,677
						311,461	1,469,573
Creditors: Amounts			falling due within	one year	17	(20,180)	(20,324)
Net current	assets					291,281	1,449,249
Net assets						14,497,958	14,402,734
Funds ofthe	Charity:
Unrestricted	income		funds
Called up share capital					19	9	9
Unrestricted						14,497,949	14,402,725
Total unrestricted		funds				14,497,958	14,402,734
Total funds					21	14,497,958	14,402,734

3 Incom	e	from donations and legacies
			Unrestricted
			funds	Total	Total
			General	2023	2022
			K
Donations	and legacies;
Donations		from individuals	50,582	50,582		350
			50,582	50,582		350

		Unrestricted
		funds	Total	Total
		General	2023	2022
Interest receivable	and similar income;
Other interest receivable		5,656	5,656	4,313
Other income from	fixed asset investments	118,844	118,844	113,351
Income from rents		142,243	142,243	107,593
		266,743	266,743	225,257

a) Investment	manag	em	ent	costs
						Unrestricted
							Total	Total
						General	2023	2022
Other investment	management			costs;
Stockbrokers	portfolio		management		costs	25,434	25,434	27,312
Management	fees and		expenses			953	953	6,399
Property expenses:		Let				50,492	50,492	70,097
Trustee remuneration			and expenses			10,299	10,299	2,205
						87,178	87,178	106,013
6 Expenditure	on charitable			activities
						Unrestricted
						funds	Total	Total
						General	2023	2022
Welfare officers	salaries					41,887	41,887	38,631
Welfare officers	expenses					4,086	4,086	4,072
Property expenses: Rent			free			114,270	114,270	88,628
Gifts to residents						2,280	2,280	1,648
Sundry expenses						1,812	1,812	2,074
Management fees and		expenses				10,481	10,481	10,710
Trustee remuneration		and expenses				40,475	40,475	24,262
						215,291	215,291	170,025

			Unrestricted
			funds	Total	Total
			General	2023	2022
Trustees	remuneration	and expenses
Wages	and salaries		7,547	7,547
Social	security costs		435	435
Other	staff costs		485	485
Audit fees
Audit	ofthe financial	statements	3,900	3,900	2,880
Other	fees paid to auditors		1,796	1,796	480
Management fees and		expenses			6,939
Trustees	indemnity insurance		794	794	1,019
			14,957	14,957	11,318

		2023	2022
Staff costs during	the year were:
Wages and salaries		94,445	62,574
Social security costs		3,445	1,177
Pension costs		1,803	1,347
Other staff costs		5,521	4,072
		105,214	69,170

2023	2022
No	No

Management	ofwelfare	and property
Welfare officers
Secretarial	and accounting

11 Auditors' remuner	ation
		2023	2022
Audit ofthe financial	statements	3,900	2,880
Other fees to auditors
All other non-audit services		1,796	480
12 Taxation

13 Tangible fixed	13 Tangible fixed	assets
				Land and
				buildings	Total
Cost
At 6 April	2022			5,645,713	5,645,713
Revaluations				118,814	118,814
Additions				660,776	660,776
Transfers	to/from	investment	properties	540,000	540,000
At 5 April	2023			6,965,303	6,965,303
Depreciation
At 5 April	2023
Net book	value
At 5 April	2023			6,965,303	6,965,303
At 5 April	2022			5,645,713	5,645,713

14 Fixed	asset inv	estments
					2023	2022
						f, (As restated)
Investment	properties				3,275,000	3,100,000
Shares in group undertakings			and participating	interests	6	6
Other investments					3,966,368	4,207,766
					7,241,374	7,307,772
Investment	properties
						Investment
						properttes
Cost or Valuation
At 6 April	2022					3,100,000
Revaluation						186,440
Additions						528,560
Transfers	to/from	land and	buildings			(540,000)
At 5 April	2023					3,275,000
Provision
At 5 April	2023
Net book	value
At 5 April	2023					3,275,000
At 5 April	2022					3,100,000

Participating
interests	Total

capital are as f	ollows:
		Country	of		Proportion	ofvoting rights	Principal
Undertaking		incorporation		Holding	and shares	held	activity
					2023	2022
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 2022	4,144,612	63,154	4,207,766
Revaluation	(246,016)		(246,016)
Additions	386,765	38,182	424,947
Disposals	(420,329)		(420,329)
At 5 April 2023	3,865,032	101,336	3,966,368
Net book value
At 5 April 2023	3,865,032	101,336	3,966,368
At 5 April 2022	4,144,612	63,154	4,207,766

15 Debtors
	2023	2022
Trade debtors	24,633	8,088
Prepayments	1,089	738
Other debtors		393,070
	25,722	401,896
16 Cash and cash equivalents
	2023	2022
Cash at bank	285,739	1,067,677

17 Credit	ors: amo	unts falling	due within one year
				2023	2022
Trade creditors				3,495	3,324
Other taxation and		social security		2,932	1,562
Other creditors				343	4
Accruals				5,352	9,769
Deferred	income			8,058	5,665
				20,180	20,324
				2023	2022
Deferred	income at 6 April 2022			5,665	5,665
Resources	deferred	in the period		8,058	5„665
Amounts	released from previous		periods	(5,665)	(5,665)
Deferred	income at year end			8,058	5,665

21 Funds
				Other
	Balance at 6	Incoming	Resources	recognised	Balance at 5
	April 2022	resources	expended	gains/(losses)	April 2023
Unrestricted
General	14,402,725	317,325	(339,455)	117,354	14,497,949

ZZ Anal	ysis ofnet assets between funds
		Unrestricted	Total funds at
		funds	5April
		General	2023
Tangible	fixed assets	6,425,303	6,425,303
Fixed asset investments		7,781,374	7,781,374
Current	assets	311,461	311,461
Current	liabilities	(20,180)	(20,180)
Total net assets		14,497,958	14,497,958