REGISTERED CHARITY NUMBER: 227319
The High Lee House Trust
Financial Statements for the Year Ended 30th September 2022
Allen Mills Howard Limited Chartered Accountants & Statutory Auditors Lewis House 56 Manchester Road Altrincham Cheshire WA14 4PJ
The High Lee House Trust
Contents of the Financial Statements
For the year ended 30th September 2022
Page Trustees’ Annual Report Independent Examiner’s Report 10 Statement of Financial Activities 11 Balance Sheet 12 Notes to the Financial Statements 13
The High Lee House Trust
Trustees’ Annual Report
Year Ended 30th September 2022
The Trustees present their report and financial statements of the Charity for the year ended 30th September 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), effective 1[st] January 2015.
REFERENCE AND ADMINISTRATIVE DETAILS
| Charity Registration Number: | 227319 | |
|---|---|---|
| Trustees: | Mr D C W Lee | Chairman |
| Mr R A Davies | Honorary Treasurer | |
| Mr M K Redhead | Honorary Secretary | |
| Mr E A Royle | Resigned 17thSeptember 2022 | |
| Ms E H Lunn | ||
| Mrs J Dickinson | ||
| Mrs L Gower | ||
| Mrs K Thomas | Appointed 17thOctober 2022 | |
| Principal address: | High Lee House | |
| 69 Broad Road | ||
| Sale | ||
| Cheshire | ||
| M33 2HL | ||
| Bankers: | Lloyds TSB Bank Plc | |
| 98 Stamford New Road | ||
| Altrincham | ||
| Cheshire | ||
| WA14 1DG | ||
| Independent Examiner: | David Allen FCCA | |
| For and on behalf of | ||
| Allen Mills Howard Limited | ||
| Chartered Accountants & Statutory Auditors | ||
| Lewis House | ||
| 56 Manchester Road | ||
| Altrincham | ||
| Cheshire | ||
| WA14 4PJ |
1
The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The High Lee House Trust is an unincorporated charity constituted under a Trust adopted on 10[th] August 1951, amended on 2[nd] September 1955 and 21[st] March 2003. The Trust was registered with The Charity Commission on 8[th] November 1963.
The Trustees are responsible for the overall supervision of the Charity. The financial affairs are delegated to the Treasurer.
Induction and training of new Trustees
The Trustees are mindful that in selecting individuals for appointment they must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. New Trustees are selected by the existing Trustees and are introduced to the workings of the Charity and are kept updated through regular Trustee meetings and communication throughout the year.
Risk Management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees consider variability of investment returns to constitute the Charity’s major financial risk. This is mitigated by the Charity’s policy of adopting a low risk approach to its investments.
OBJECTIVES AND ACTIVITIES
Objectives and Aims
The objective of the Trust is to carry out charitable work principally within the Borough of Trafford, and, in particular, the advancement of education, the furtherance of health and the relief of poverty, distress and sickness and to promote support for charitable objectives wheresoever they are located.
Donations
The Charity makes donations, in accordance with its objectives, from time to time at the discretion of the Trustees.
2
The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2022
ACHIEVEMENTS AND PERFORMANCE
Overview of the Year
The list of organisations and groups supported during the year reflects the Trust’s continuing commitment to a diverse range of activities and projects. The emphasis is still on helping locally based groups or, where possible, local branches of national bodies. A relatively small sum has been allocated to international aid, usually in response to a major humanitarian crisis. While the Trust feels it is valuable to maintain this diversity in its allocation of resources, most of the donations are to people and bodies working in familiar and key areas of community activity. The following headings under which donations are grouped reflect this spread.
Under the Chairmanship of David Lee, Trustees have continued to review roles and procedures to ensure that the Trust’s assets and income are being used as effectively as possible. Each request for funding, whether one-offs or regular, is carefully considered within the context outlined in the first paragraph.
Once again, it has been most encouraging and satisfying to receive so many letters of thanks from so many of the organisations we have supported. Some are from those who the Trust has helped over a number of years; others from new recipients. These are difficult times for all charitable and voluntary groups. Piecing together enough funding to sustain the often growing workload is a challenge indeed. Although the actual sums the Trust can afford to give to any one organisation may often seem modest, set against the work and responsibilities they take on, the thank you letters convey one important point. Whatever the sum given, the fact that the Trust recognises the value of their work, and offers support, is in itself greatly appreciated.
Although, the organisations and charities we have supported this year are still working through the impact Covid-19 has had on their work and finances, the Trust itself has largely been able to function in its usual way, that is by receiving and responding to requests for donations by post. Further information about requesting organisations and their projects, where helpful, is usually sought via email and phone. Opportunities to meet representatives of different organisations and to see their work and projects first hand, have still been fewer than in previous years.
Donations made 2021/22
Please note the headings used below to group donations are necessarily broad and overlapping and the work of some of the organisations listed has, of course, different elements.
Older People
High Lee House Social Fund: A contribution towards the cost of putting on a Platinum Jubilee afternoon function at High Lee House. This included a talk and small exhibition about the history of High Lee House and the origin of the High Lee House Trust, also celebrating its platinum anniversary. £750
High Lee House (Anchor Hanover): A donation to purchase a new sideboard for the communal foyer at High Lee House. £469
Total
£1,219
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2022
Young People
Halle for Youth: Continuing our support for this well-established aspect of the Orchestra’s work. This year, the orchestra will be back in the Bridgewater Hall to give four live concerts for young people, the theme this year being citizenship. Halle for Youth also continues to work in schools, this year in Salford and Stockport.
| £2,000 |
|---|
| Prince’s Trust:Continuing our support for the Trust’s work in Greater Manchester, working with young |
| people “often facing tremendous barriers, such as homelessness, disability, growing up in care, recovering |
| from abuse or leaving prison”. Our donation will go towards the Future Workforce Fund, a skills project |
| delivered in partnership with the Greater Manchester Combined Authority. £1,000 |
| SKCV (Street Kid’s Community Villages):A further donation to this trust, based in Vijayawada, India. |
| The “street” children it helps are orphans, abandoned or working for abusive and unscrupulous employers. |
| Boys and girls “try to be as self-sufficient as possible”. £1,000 |
| The Outward Bound Trust:The Trust’s mission is “to enable young people to defy their limitations |
| through learning and adventure in the wild”. The Trust is now restarting its residential work after a period of |
| providing adapted programmes – activity days and school courses – during the pandemic. £1,000 |
| Goodwood Scout Active Support Unit: Adonation towards the cost of repairing a marquee used during |
| their Weekender activity camps which have not taken place since 2019. £1,000 |
| Friends of Templemoor (PTA for Templemoor Infant and Nursery School, Sale):A donation towards |
| the cost of purchasing a set of gazebos and outdoor trestle tables to enable fund-raising events to go ahead |
| whatever the weather. £1,000 |
| Prevent 2 Protect:A contribution towards the funding of this charity’s GANG for LIFE project, designed to |
| protect young people “from gang violence, crime and exploitation”. Areas of particular concern, and work, |
| include gang recruitment, county lines and substance abuse. £1,000 |
| BBC Children in Need:Purchase of Countryfile calendars to support this familiar, annual appeal. £70 |
| Total £8,070 |
| Sport |
| Brooklands Bowling Club:A donation towards the cost of erecting a shelter at the Club, much needed for |
| members and visitors when the weather is bad. £930 |
| Total £930 |
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2022
The Arts
Venture Arts: A donation to help support this Manchester-based charity. They provide a “safe and empowering space (a studio in Hulme) where learning disabled (LD) people make great art and play a valued role in culture.” Artists are enjoying being back in the studio after COVID lockdowns, and have also managed to mount an exhibition in Manchester Central Library . £1,000
Altrincham Little Theatre: A donation to this greatly valued small theatre which can trace its history back to 1896. Performing at their current theatre since 1962, one of their key aims is to select new works, to encourage new authors and new plays. “We like many local theatres provide low cost theatre, an artform that must not be lost in the rush to digital output”. £500 Sale Festival: Our usual donation to this well-established, multi-faceted and popular festival. Money raised goes to local charities . £1,500 Total £3,000 Community
The Friends of Walton Park: Continuing our support for The Friends’ ongoing work to improve the amenities and appearance of this popular park. This donation will pay for a bench “on the perimeter path around the redeveloped rose garden beds”. £1,000 Salvation Army, Sale: As always, this donation will be used to help support people in the local community, the money this year going to help provide food parcels and toys for “nearly 600 needy families” and a Christmas Day lunch for people who would otherwise be alone . £1,000 Friends of The Devisdale and Denzell Gardens : Support for this friends group which was established to help with the care of an area which includes both formal gardens and open parkland, on the southern edge of the Greater Manchester conurbation. £500 Sale and District Lions Club: Sale Lions are planning to hold their Fathers’ Day Fete and Family Fun Day in June 2022, after a two year break owing to Covid. As usual, our donation will help them fund essential toilet and first aid facilities. £1,000 G-Force: Continuing our support for this well-established and enterprising local charity. This year’s donation went towards the funding of two community “Platinum Jubilee Family Fun Days”, one in Broomwood Park the other in Woodstock Park, Broadheath . £1,000 Sale U3A: A donation to help with the purchase of two table tennis tables. One of the Sale U3A’s objectives is to provide “facilities for leisure time and recreational activities in the interest of (members’) social welfare ”. £1,000 Acting on Impulse : A donation to this charity, based in Manchester, which works with “homeless, vulnerable and marginalised” people. It provides acting workshops that lead to the making of a film, with professional film crews, which is then premiered at Home arts cinema and theatre complex. £1,000 Total £6,500
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2022
Health
Alzheimer’s Society: Continuing our support for the Society’s work within the local area. In the aftermath of the pandemic, “renewed investment” is more vital than ever, our donation being used to help fund the Dementia Adviser service. £2,000 Stockdales: Our annual contribution to this local charity which helps people with learning disabilities live life to the full. Their mission is to put “ability into disability”. £2,000 The Christie Charitable Fund: Continuing support for this major hospital and cancer research centre. This year’s donation will be credited to the Cancer Appeal Fund, a general fund which allows The Christie to “allocate money to the greatest need, wherever it is within the hospital, at any given time ”. £2,000 St Ann’s Hospice : Continuing our support for the work of this long-established local charity which provides an extensive range of care services for people with life-limiting illnesses, their families and carers, across three sites in Greater Manchester, and in patients’ own homes. £2,000 Asthma Relief: A further donation to enable AR to purchase more, much-needed and greatly appreciated nebulisers. The Trust has funded 63 nebulisers so far (for patients at Wythenshawe and Trafford General Hospitals, for home use). Providing nebulisers allows many patients to be cared for by families and visiting community nurses, rather than in hospital . £2,000 Francis House Children’s Hospice: Continuing support for the Hospice which provides care and support for children and young adults with life limiting and life shortening conditions, and their families . Our donation this year will be used for Reaching Communities, a “project to ensure accessibility of children’s hospice care to black and ethnic minority communities in the North West”. £3,000 Macmillan Wellbeing Centre (Manchester University NHS Foundation Trust): The Centre, based at Trafford General Hospital, supports “people trying to manage the psychological and emotional impact of a cancer diagnosis, whether their own or someone’s close to them”. Continuing our support . £2,000 Macmillan Cancer Support: A response to the charity’s urgent appeal for funding. “With the challenges created by the coronavirus pandemic, and the economic uncertainty surrounding the cost of living crisis, Macmillan has a critical role to play in providing the urgent support people living with cancer need”. Our donation will go towards the Macmillan Grants programme in Trafford. £3,000
Newlife: This is a charity providing care and support for children with “any disability or terminal illness” Our donation is to help fund their Equipment Grant Service in Greater Manchester . This year, our donation has helped fund a specialist car seat and bed. £2,000
North West Air Ambulance Charity: A donation to this service which operates three helicopters and three critical care vehicles , carrying paramedics and doctors, based at Barton and Blackpool. “Whenever access is difficult or time is critical, the speed and accessibility of our helicopters makes our service absolutely vital”. (The NWAA is a charit y and receives no funding from the NHS or Government ). “So far this year “we have already completed 1,380 missions to those in emergency need.” £2,000
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The High Lee House Trust
Trustees’ Annual Report (Continued)
Year Ended 30th September 2022
Health (continued)
Support Dogs: A donation to this charity which provides “medical alert and assistance dogs” for people with epilepsy, autism and physical disabilities. Our money will be used, once again, to fund the ongoing cost of supporting one particular client and her support dog. £1,000
ParkinsonsUK (Trafford Branch): This branch of the UK charity offers “information, friendship and support to local people with Parkinsons, their families and carers”, the primary focus being a monthly meeting at the Larkhill Centre, Timperley. £2,000
Kidscan : A donation to this Salford-based charity that “funds and manages research into new and improved treatments for children with cancer.” One important area of interest is the prevention of “side effects of current treatments such as learning difficulties, mobility issues and infertility”. £1,000
Together Trust: A response to a request for funding for the Inscape House School Library Expansion Project. Inscape House School is one of three educational establishments which “sit under the auspices of Together Trust”. This is a charity which provides specialist care for disadvantaged children and young people, with learning difficulties. autism spectrum conditions and sensory impairments, for example. £2,500
Calm Connections: A donation to this “community interest company” established in 2018, and now based in Stretford Mall. Their key objective is to provide “activities and support to benefit the community and in particular to develop children’s mental health and wellbeing”. The emphasis is on working with families “going through rough times”, to help them “feel secure, positive and connected to the people around them .”
£1,000 Total £29,500 Other Royal British Legion Poppy Appeal 2021: Continuing our support for this major, annual appeal (in the Sale area). “The appeal is now in full swing…and returning to somewhere approaching normal”. £1,200
Medecins Sans Frontieres: Our donation will be used by MSF to support their work in South Sudan, including the hospital in the Bentui camp, where recent flooding is leading to a rise in infectious diseases like Hepatitis E. £1,000 British Red Cross: A donation to help BRC “to be there for people in crisis no matter whoever, or wherever, they are”. It reached over 827 million in 164 countries through its pandemic response. This year, our donation was made in response to their Afghanistan Crisis Appeal. £1,000 British Red Cross: A response to the Ukraine Crisis Appeal. BRC “are working closely with our partners to help support refugees with cash assistance, so that families can buy what they need locally with dignity”. They also have teams in the UK, supporting arrivals. £1,000 Total £4,200 All donations total £53,419
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The High Lee House Trust
Trustees’ Annual Report (continued)
Year Ended 30th September 2022
FUTURE PLANS
The Trustees do not anticipate any significant change to the Charity or its activities over the next few years.
FINANCIAL REVIEW
Results for the year
A summary of the results for the year can be found on page 10 of the accounts.
The Trust’s work is reliant on income from its investments.
The income that the Trust has received from its investments increased by 14.8% on the previous year which in turn had fallen by 21.8% from 2020. The market value of non-cash investments at the balance sheet date rose by 13.6% during the year, (13.9% increase in the previous year).Cash on long term deposits at the balance sheet date totalled £140,000 (2021: £100,000). The donations the Trust has made in the year have been disclosed under charitable activities on the Statement of Financial Activities.
The income from all its investments represent return of 3% (2021: 3%).
There was an unrealised loss of £86,981 (2021: gain of £77,695) on the Trust’s investment assets during the year. However the trustees are of the opinion that this loss was exacerbated by the effects of the Chancellor’s mini budget. The Trustees will continue to review performances but, given that their investments are being held for the long term, they remain confident that the policy adopted is appropriate for the charity.
Reserves Policy
At their discretion, the trustees may spend all or part of the capital of the charity in the furtherance of the charity’s objects.
Investment Policy and Objectives
The Charity adopts a low risk approach to its investments. The Charity’s investments consist of cash, fixed interest securities and investment funds.
Public benefit
The Trustees confirm that they have, when and where necessary to do so, paid regard to the Charity Commission’s Guidance on Public Benefit when considering and making the decisions.
8
The High Lee House Trust
Trustees’ Annual Report (continued)
Year Ended 30th September 2022
The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 20[th] March 2023 and signed on its behalf by:
D C W Lee – Trustee
9
The High Lee House Trust
Independent Examiner’s Report to the Trustees of the High Lee House Trust
Year Ended 30th September 2022
I report to the trustees on my examination of the accounts of The High Lee House Trust (the Trust) for the year ended 30th September 2022.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr David Allen FCCA Allen Mills Howard Limited Chartered Accountants Lewis House 56 Manchester Road Altrincham Cheshire, WA14 4PJ
21[st] March 2023
10
The High Lee House Trust
Statement of Financial Activities
Year Ended 30th September 2022
| Total Funds | Total Funds | ||
|---|---|---|---|
| Note | (Unrestricted) | (Unrestricted) | |
| 2022 | 2021 | ||
| £ | £ | ||
| Income from: | |||
| Investments | 2 | 25,166 | 21,915 |
| __ | __ | ||
| Total income | 25,166 | 21,915 | |
| __ | __ | ||
| Expenditure on: | |||
| Charitable activities | 3 | 53,419 | 40,876 |
| Fundraising activities | 4 | 747 | 379 |
| Other | 5 | 1,088 | 1,046 |
| __ | __ | ||
| Total expenditure | 55,254 | 42,301 | |
| __ | __ | ||
| Net expenditure | (30,088) | (20,386) | |
| Net (losses)/gains on investment assets | (86,981) | 77,695 | |
| __ | __ | ||
| Net movement in funds | (117,069) | 57,309 | |
| Reconciliation of funds | |||
| Funds at the beginning of the year | 911,514 | 854,205 | |
| __ | __ | ||
| Funds at the end of the year | 10 | 794,445 | 911,514 |
| __ | __ |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes form part of these financial statements.
11
The High Lee House Trust
Balance Sheet
| Year Ended 30th September 2022 2022 Note £ Fixed assets Investments 7 773,800 Current assets Debtors 8 - Cash at bank 21,695 _ 21,695 Creditors: Amounts falling due in one year 9 1,050 _ Net current assets 20,645 _ Net assets 794,445 _ The funds of the charity Unrestricted funds 10 794,445 _ Total charity funds 794,445 _ |
_ |
2021 £ 739,865 200 172,469 _ 172,669 1,020 _ 171,649 _ 911,514 _ |
|---|---|---|
911,514 _ |
||
911,514 _ |
These financial statements were approved by the Trustees on 20[th] March 2022 and signed on their behalf by:
…………………………… Mr R A Davies Treasurer
The notes form part of these financial
statements
12
The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2022
1. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS102) effective 1[st] January 2015, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), and the Charities Act 2011.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The Charity constitutes a public benefit as defined by FRS102.
The accounts are presented in sterling and rounded to the nearest pound.
Funds structure
The charity’s funds consist of unrestricted funds for use at the discretion of the trustees in furtherance of the general objectivity of the charity.
Income recognition
All incoming resources are recognised once the charity has entitlement to the resources, it is certain the reserves will be received, and the monetary value of the incoming resources can be measured with sufficient reliability.
Interest on funds held on deposits is included upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been received.
Expenditure recognition
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to that expenditure.
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs to that category.
All expenditure is stated inclusive of irrecoverable VAT.
Donations payable are payments made to third parties in the furtherance of the charitable objects of the Trust. There are no long term commitments to give donations.
13
The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2022
Allocation of support and governance costs
Support costs have been differentiated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent review and legal fees together with an apportionment of overhead and support costs.
Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the quoted market price.
The Charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors
Realised gains and losses on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.
Cash at bank
Cash at bank includes cash and short term highly liquid investments with a short maturity date of three months or less from the date of acquisition or opening of the deposit or similar account. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.
2. Investment income
| UK fixed interest UK investment funds Interest on cash deposits |
2022 £ 4,297 20,672 197 _ 25,166 _____ |
2021 £ 5,810 15,625 480 _ 21,915 _____ |
|---|---|---|
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The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2022
| 3. Charitable activities Charitable donations 4. Fundraising activities Investment management costs 5. Other expenditure Other expenses Independent review fees Irrecoverable VAT Comparatives for other expenditure Other expenses Independent review fees Irrecoverable VAT |
2022 £ 53,419 _ 53,419 _ 2022 £ 747 _ 747 _ Support Governance Costs Costs £ £ 38 - - 875 - 175 _ ___ 38 1,050 _ _ Support Governance Costs Costs £ £ 26 - - 850 - 170 _ _ 26 1,020 _ _____ |
2021 £ 40,876 _ 40,876 _ 2021 £ 379 _ 379 _ Total £ 38 875 175 _ 1,088 _ Total £ 26 850 170 _ 1,046 _ |
|---|---|---|
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The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2022
6. Trustees’ remuneration and benefits
There were no trustees’ remuneration or other benefits for the year ended 30th September 2022 nor for the year ended 30[th] September 2021.
The charity has no employees.
Trustees’ expenses
There were no trustees’ expenses during the year (2021: £nil).
7. Investments
| Listed Investments £ Market value at 1stOctober 2021 639,519 Additions at cost 100,239 Disposals at market value - Withdrawals - Unrealised gains/(losses) on revaluation (86,981) Realised gains/(losses) on disposal - _ Market value at 30th September 2022 632,777 __ |
Cash £ 100,346 140,000 - (99,323) - - _ 141,023 __ |
Total £ 739,865 240,239 - (99,323) (86,981) - _ 793,800 __ |
|---|---|---|
Material listed investments with a market value of over 5% of the total market value of investments due as follows:
| No of units/ Listed Investments Shares M & G Charibond 203,683.251 M & G Charifund 18,712.460 HL Multi Manager Income & Growth Trust 8. Debtors Accrued income |
2022 £ 211,036 256,716 40,812 _ 2022 £ - _ |
2021 £ 248,926 287,702 47,052 _ 2021 £ 200 _ |
|---|---|---|
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The High Lee House Trust
Notes to the Financial Statements
Year Ended 30th September 2022
| 9. CREDITORS: Amounts falling due within one year 2022 £ Accruals 1,050 _ 10. Movement in funds Net B/Fwd Movement 01.10.21 in funds £ £ Total charity funds 911,514 (117,069) _ __ |
2021 £ 1,020 __ |
|---|---|
| C/Fwd 30.09.22 £ 794,445 __ |
Net movement in funds included in above are as follows:
| Loss on | Movement | |||
|---|---|---|---|---|
| Income | Expenditure | Investments | in funds | |
| £ | £ | £ | £ | |
| Total charity funds | 25,166 | (55,254) | (86,981) | (117,069) |
| __ | __ | __ | __ | |
| Comparative figures for movement in funds | ||||
| Net | ||||
| B/Fwd | Movement | C/Fwd | ||
| 01.10.20 | in funds | 30.09.21 | ||
| £ | £ | £ | ||
| Total charity funds | 854,205 | 57,309 | 911,514 | |
| __ | __ | __ |
Net movement in funds included in above are as follows:
Total charity funds |
Gain on Movement Income Expenditure Investments in funds £ £ £ £ 21,915 (42,301) 77,695 57,309 _ _ _ _ |
|---|---|
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