The Hatch Charity
Charity Number: 218894 Chairman/Treasurer: M.P.Osborne. Hayesview, 32 Old School Close, Lenham, Kent. ME17 2HD e-mail: hayesview@outlook.com. Telephone: 01622 859069
Chairman’s Report to the Annual General Meeting 23rd March 2023
The 2023 Annual General Meeting
During the year the Hatch Charity has continued to support the residents of Lenham these grants are detailed below. The Christmas Gift scheme was updated with a132 residents receiving a gift of £25,00,
In 2016 trustees had agreed to designate £2500 for a hardship fund for local residents of Lenham who had short-term difficulties and a cash payment would relieve their shortage of cash. This year there have been no applications, but we support the vicar with funds Mr Michael Moore has continued the upkeep of the Hatch Family Grave for 2022 at a cost of £1500 there is some additional work required in the coming year.
The grants paid to organisations including the Christmas Gift Scheme for the year 2022 were agreed upon at a total cost of £14,171.00.
| This was as follows. | ||
|---|---|---|
| Michael Moore Grave Maintenance | £1,600.00 | |
| John Huggins Relief Fund | £500,00 | |
| Kent Loves (afternoon teas | £250.00 | |
| Lenham Nursery (Project Manager) | £2000.00 | |
| John Collins Auditor | £150.00 | |
| Lenham Cross Refurbishment Project | £250.00 | |
| Christmas Gifts | £3300.00 | |
| Lenham Community Centre | £1500.00 | |
| St Edmonds Centre | £2000.00 | 0 |
| Charing Heath Memorial Hall | £500.00 | |
| Lenham Lighting Committee | £1000.00 | |
| Lenham Lift Scheme | £250.00 | |
| Lenham Primary School (Muddy Boots) | £271.00 | |
| Lenham Social Club (Warm Room Fund) | £500.00 | |
| Total Grants | £14,171.00 |
In July 2022 the trustees decided to withdraw our funds from the Talis Financial advisors Novia platform as it was felt the charges were too high and no longer met the charity’s obligations. Discussions took place to find an alternative investment company taking advice from our auditor Mr John Collins and our trustee Kim Bagga the decision was taken to open an account with M&G Multi Asset Charity Fund.
The sum of £681,292.31 was transferred to the charities NAT west current account and the sum of £670.00.00 was transferred to the M&G Multi Asset account.
The residue of £11292.31 was added to the current account to cover our expenditure for 2022. To return this sum to our investment fund will be discussed at a future date. The benefit of this move is now showing as the return for the last quarter of 2022 was £8202.02 this is available for distribution, as charges of 0.5% are taken out before funds are distributed. It is estimated that a sum of £25,000 will be available for the trustees to spend.
We have received thanks from St Edmunds Centre for the Grant of £2000.00 this has enabled them to insulate the hall which has reduced their heating bills to a manageable figure. The afternoon tea project where Kent Loves provides afternoon teas for residents of Lenham is still proving popular, and this is appreciated by the recipients of the teas.
The refurbishment and re-consecration of the Lenham Cross to commemorate the 100-year anniversary of the Cross. The Hatch Charity played a part in this project as well as providing £250 of funds we also were able to verify the names of the men who gave their lives in the First World War.
We were represented on the BBC news program and were able to promote the history of both the Cross and the Hatch Charity which gave us some good publicity.
We were pleased to provide the funds to the primary school to install a muddy boot store so the children could play outside and then change their boots before going back inside. as a result there is no mud on the floors and the caretaker has a much easier life.
We continue to support the Lenham Lift scheme by providing funds to cover their administration in arranging transport to and from the hospital.
I think we would all agree 2022 has been a good year as we have still supported the residents and organisations of the village, and also made sure the Hatch Charity is financially sound for the future.
I thank all the trustees for their support.
M.P. Osborne, Dated. 23rd March 2023
HATCH CHARITY Lenham
(Registered No. 218894)
Financial Statements for the Year Ended 31 December 2023
GENERAL FUND (Unrestricted) - Receipts and Payment Account
| RECEIPTS Bank Interest - Business Reserve Account WW1 Book Sales Transfer from Novia Financial M&G Distributions Total Receipts PAYMENTS Grants / Donations Brain Train - Dementia Help Club Charing Heath and Lenham Heath Memorial Hall Kent Loves (Afternoon Tea) Lenham Bowls Club Lenham Christmas Lighting Committee Lenham Community Centre Lenham Cricket Club Lenham Cross Project Lenham Food Bank Lenham Is For Transport (LIFT) Lenham Nursery School Lenham Primary School PTA Lenham Social Club Locating of Royal British Legion Flags into Lenham Church Parish Relief Fund - Rev. J.Huggins Platts Heath St Edmunds Centre Hatch Grave Maintenance Christmas Gifts Accountancy Administration Total Payments Excess of Receipts over Payments Bank and Other Deposits at 1.1.2023 Bank and Other Deposits at 31.12.2023 |
2023 2022 £p £ 108.00 4 10.00 30 349.87 292 28,603.95 8,202 |
|---|---|
| 29,071.82 8,528 |
|
| 928.00 0 500.00 500 250.00 250 600.00 0 500.00 1,000 1,500.00 1,500 2,000.00 0 403.00 250 1,000.00 0 250.00 250 113.00 2,000 0.00 271 500.00 500 489.00 0 500.00 500 500.00 2,000 |
|
| 10,033.00 9,021 2,000.00 1,712 3,250.00 3,250 200.00 150 183.00 144 |
|
| 15,666.00 14,277 |
|
| 13,405.82 -5,749 326.12 6,075 |
|
| 13,731.94 326 |
Page 1 of 3
HATCH CHARITY Lenham
(Registered No. 218894)
MOVEMENTS IN M&G INVESTMENT 2023
M&G Charity Multi Asset Fund Income Units - Permanent Endowment
| Valuation 1/1/2023 Investment 27/7/2023 Valuation 31/12/2023 Increase in Value of Investment |
Units Price £p No. p 658,443.13 745604.274 88.31 11,000.00 12318.030 89.30 669,443.13 757922.304 680,765.81 757922.304 89.82 11,322.68 |
|---|---|
MOVEMENTS IN M&G INVESTMENT 2023
M&G Charity Multi Asset Fund Accumulation Units - Community Project Fund
| Investment 27/7/2023 Valuation 31/12/2023 Increase in Value of Investment |
Units Price £p No. £p 1,000.00 9.208 108.6063 1,032.06 9.208 112.0826 32.06 |
|---|---|
Page 2 of 3
HATCH CHARITY Lenham
(Registered No. 218894)
Statement of Assets and Liabilties as at 31st December 2023
| General | Permanent | 2023 | 2022 | |
|---|---|---|---|---|
| Fund | Endowment | |||
| (Distributable) | £p |
£ | ||
| ASSETS | ||||
| Investments - at Valuation 31st December | ||||
| M&G Charity Multi Asset Fund Income Units | 0 | 680,765.81 | 680,765.81 | 658,443 |
| M&G Charity Multi Asset Fund Accumulation Unit | 1,032.06 | 0 | 1,032.06 | 0 |
| Total Investments | 1,032.06 | 680,765.81 | 681,797.87 | 658,443 |
| Nat West Bank - Business Reserve Account | 10,061.64 | 0 | 10,061.64 | 8,850 |
| Nat West Bank - Current Account | 2,670.30 | 2,670.30 | 2,507 | |
| Cash on Hand | 0 | 0 | 0.00 | 0 |
| Total Cash | 12,731.94 | 0.00 | 12,731.94 | 11,357 |
| Total Assets | 13,764.00 | 680,765.81 | 694,529.81 | 669,800 |
| less LIABILITIES | 0.00 | 0.00 | 0.00 | -31 |
| NET ASSETS at 31.12.2023 | 13,764.00 | 680,765.81 | 694,529.81 | 669,769 |
| Net Assets as at 31.12.2022 | 326 | 669,443 | 669,769 |
The Permanent Endowment Fund was established on the sale of Forge House in January 2005 and the net proceeds invested. The Book Value of the investments purchased in May 2005
was £485,162-50.
These accounts have been prepared from the cash book and supporting documents, and they are in accordance therewith.
W.J.Collins 21.5.2024
Page 3 of 3
HATCH CHARITY Lenham
(Registered No. 218894)
Financial Statements for the Year Ended 31 December 2023
GENERAL FUND (Unrestricted) - Receipts and Payment Account
| RECEIPTS Bank Interest - Business Reserve Account WW1 Book Sales Transfer from Novia Financial M&G Distributions Total Receipts PAYMENTS Grants / Donations Brain Train - Dementia Help Club Charing Heath and Lenham Heath Memorial Hall Kent Loves (Afternoon Tea) Lenham Bowls Club Lenham Christmas Lighting Committee Lenham Community Centre Lenham Cricket Club Lenham Cross Project Lenham Food Bank Lenham Is For Transport (LIFT) Lenham Nursery School Lenham Primary School PTA Lenham Social Club Locating of Royal British Legion Flags into Lenham Church Parish Relief Fund - Rev. J.Huggins Platts Heath St Edmunds Centre Hatch Grave Maintenance Christmas Gifts Accountancy Administration Total Payments Excess of Receipts over Payments Bank and Other Deposits at 1.1.2023 Bank and Other Deposits at 31.12.2023 |
2023 2022 £p £ 108.00 4 10.00 30 349.87 292 28,603.95 8,202 |
|---|---|
| 29,071.82 8,528 |
|
| 928.00 0 500.00 500 250.00 250 600.00 0 500.00 1,000 1,500.00 1,500 2,000.00 0 403.00 250 1,000.00 0 250.00 250 113.00 2,000 0.00 271 500.00 500 489.00 0 500.00 500 500.00 2,000 |
|
| 10,033.00 9,021 2,000.00 1,712 3,250.00 3,250 200.00 150 183.00 144 |
|
| 15,666.00 14,277 |
|
| 13,405.82 -5,749 326.12 6,075 |
|
| 13,731.94 326 |
Page 1 of 3
HATCH CHARITY Lenham
(Registered No. 218894)
MOVEMENTS IN M&G INVESTMENT 2023
M&G Charity Multi Asset Fund Income Units - Permanent Endowment
| Valuation 1/1/2023 Investment 27/7/2023 Valuation 31/12/2023 Increase in Value of Investment |
Units Price £p No. p 658,443.13 745604.274 88.31 11,000.00 12318.030 89.30 669,443.13 757922.304 680,765.81 757922.304 89.82 11,322.68 |
|---|---|
MOVEMENTS IN M&G INVESTMENT 2023
M&G Charity Multi Asset Fund Accumulation Units - Community Project Fund
| Investment 27/7/2023 Valuation 31/12/2023 Increase in Value of Investment |
Units Price £p No. £p 1,000.00 9.208 108.6063 1,032.06 9.208 112.0826 32.06 |
|---|---|
Page 2 of 3
HATCH CHARITY Lenham
(Registered No. 218894)
Statement of Assets and Liabilties as at 31st December 2023
| General | Permanent | 2023 | 2022 | |
|---|---|---|---|---|
| Fund | Endowment | |||
| (Distributable) | £p |
£ | ||
| ASSETS | ||||
| Investments - at Valuation 31st December | ||||
| M&G Charity Multi Asset Fund Income Units | 0 | 680,765.81 | 680,765.81 | 658,443 |
| M&G Charity Multi Asset Fund Accumulation Unit | 1,032.06 | 0 | 1,032.06 | 0 |
| Total Investments | 1,032.06 | 680,765.81 | 681,797.87 | 658,443 |
| Nat West Bank - Business Reserve Account | 10,061.64 | 0 | 10,061.64 | 8,850 |
| Nat West Bank - Current Account | 2,670.30 | 2,670.30 | 2,507 | |
| Cash on Hand | 0 | 0 | 0.00 | 0 |
| Total Cash | 12,731.94 | 0.00 | 12,731.94 | 11,357 |
| Total Assets | 13,764.00 | 680,765.81 | 694,529.81 | 669,800 |
| less LIABILITIES | 0.00 | 0.00 | 0.00 | -31 |
| NET ASSETS at 31.12.2023 | 13,764.00 | 680,765.81 | 694,529.81 | 669,769 |
| Net Assets as at 31.12.2022 | 326 | 669,443 | 669,769 |
The Permanent Endowment Fund was established on the sale of Forge House in January 2005 and the net proceeds invested. The Book Value of the investments purchased in May 2005
was £485,162-50.
These accounts have been prepared from the cash book and supporting documents, and they are in accordance therewith.
W.J.Collins 21.5.2024
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