2023-04-05-accounts - Lady Hewley's Charity

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	8
Statement ofFinancial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	21
Detailed Statement ofFinancial Activities	22	to	23

Grants to organ	isations inst	itutions included th	e following:-
			2023		2022
Baptist Church	Redcar		35,877
Baptist Church	Hartlepool		31,064
Skelmersdale	Ecumenical	Centre	40,000
Ernmanual Baptist Church				12,000
Northern Baptist Association				25,000
Other			4 889
			130830	3	000

						2023	2022
				Unrestricted	Endowment	Total	Total
				funds	fund	funds	funds
			Notes
INCOME AND ENDOWMENTS IROM
Other trading activities				53,330		53,330	48,477
1nvestment income				320,357		320,357	266,864
Other income				3,978		3,978	123,507
Total				377,665		377,665	438,848
EXPENDITURE ON
Raising funds					65,401	65,401	64,881
Charitable activities
Grants to institutions				111,830		111,830	37,000
Grant to individuals				196,505		196,505	158,500
Almshouse maintenance		costs		40,520	52,000	92,520	73,372
Governance costs				57,160		57,160	66,449
Other				2,568		2,568	1,363
Total				408,583	117,401	525,984	401,565
Net unrealised gains	on	fixed assets			337,500	337,500	725,000
Net realised (losses) / gains on investinents Net unrealised (losses) / gains on investments					(225,424) ~207,806)	(225,424) )207,806)	11,649 483,288
NKT (EXPENDITURE) / INCOME				(30,918)	(213,131)	(244,049)	1,257,220
RECONCILIATION		OF FUNDS
Total funds brought	forward			460,156	20,120,935	20,581,091	19,323,871
TOTAL FUNDS CARRIED FORWARD				429,238	19,907,1104	20,337,042	20 381,091

			Balance Sheet	Balance Sheet
			5	April 2023
						2023	2022
				Unrestricted	Endowment	Total	Total
				funds	fund	funds	funds
			Notes
FIXEDASSETS
Tangible assets			10		5,818,018	5,818,018	5,426,722
Investments			11		13,663,560	13,663,560	13,359,121
					19,481,578	19,481,578	18,785,843
CURRENT ASSETS
Debtors			12	3,975	48,175	52,150	2,540
Cash at bank				457,533	378,051	835,584	2,045,947
				461,508	426,226	887,734	2,048,487
CREDITORS
Amounts falling	due within	one year	13	(32,270)		(32,270)	(253,239)
NET CURRENT ASSETS				429,238	426,226	855,464	1,795,248
TOTAL ASSETSLESSCURRENT
LIABILITIES				429,238	19,907,804	20,337,042	20,581,091
NET ASSETS				429 238	19,907,804	20,337,042	20,381,091
FUNDS			14
Unrestricted funds						429,238	460,156
Endowment funds						19,907,804	20,120,935
TOTAL FUNDS						20,337,042	20,581,091

			Cash Flow Statement	Cash Flow Statement
			for the Year Ended 5 April 2023
				2023	2022
			Notes
Cash flows from operating	activities
Cash generated from operations				~699,548)	(842,050)
Net cash used in operating	activities			~699,548)	~842,050)
Cash flows from investing	activities
Purchase oftangible fixed assets				(105,796)	(154,654)
Purchase offixed asset investments				(4,507,811)	(1,655,332)
Sale oftangible fixed assets					1,315,000
Sale offixed asset investments				3,899,836	2,151,344
Interest received				14,699	9,279
Dividends received				305,658	257,585
Net cash (used in)/provided	by investing		activities	~393,414)	1,923 222
Cash flows from financing	activities
Income attributable to endowment					123,266
Expenditure attributable to	endowment			~117,401)	(64,881)
Net cash (used in)/provided	by financing		activities	~117,401)	58,385
Change in cash and cash	equivalents	in
the reporting period				(1,210,363)	1,139,557
Cash and cash equivalents	at the
beginning ofthe reporting	period			2,045,947	906,390
Cash and cash equivalents	at the end		of
the reporting period				835,584	2,045,947

OPERATING ACTI	VI	TIES
					2023	2022
Net (expenditure)/income		for the reporting	period (as per the
Statement ofFinancial		Activities)			(244,049)	1,257,220
Adjustments for:
Depreciation charges					52,000	37,500
Losses/(gain) on land and investments					95,730	(1,219,937)
(Profit) on disposal of	fixed assets				(337,500)	(123,267)
Interest received					(14,699)	(9,279)
Dividends received					(305,658)	(257,585)
Income attributable to	endowment					(123,266)
Expenditure attributable		to endowment			65,401	64,881
Unrealised loss/(gain)	on investments				207,806	(483,288)
Increase in debtors					(49,610)	(1,057)
(Decrease)/increase in	creditors				~220,969	16,028
Net cash used in operations					~75),548)	~842,050)
ANALYSIS OF CHANGES IN NKT I'UNDS
				At 2022	Cash flow	At 2023
Net cash
Cash at bank				2,045,947	i7,210,363)	835,584
Total				2,045,947	~1,210,363	835,584

							2023	2022
	Maintenance		contributions				53,330	48,477
3.	INVESTMENT INCOME
							2023	2022
	Dividends	received					305,658	257,585
	Deposit account interest						14,699	9,279
							320,357	266,864
4.	RAISING		FUNDS
	Investment		management	costs
							2023	2022
	Portfolio management						~65 401	64,881
5.	CHARITABLE ACTIVITIES COSTS
						Grant
						funding of
						activities	Support
					Direct	(see note	costs (see
					Costs	6)	note 7)	Totals
	Grants to	institutions				111,830		111,830
	Grant to individuals					196,505		196,505
	Almshouse		maintenance	costs	92,520			92,520
	Governance		costs				57,160	57,160
					92 520	308,335	57 160	458,015

			2023	2022
Grants	to	institutions	111,830	37,000
Grant	to	individuals	196,505	158 500
			308,335	195 500

	2023	2022
Ministers	55,655	24,500
Retired Ministers	74,900	66,300
Widows	30,550	33,400
Students	34,100	34,300
	196,505	158,500

					Governance
					costs
Governance		costs			57,160
Support	costs, included		in the above, are as follows:
				2023	2022
				Governance	Total
				costs	activities
Trustees'	expenses			1,374	1,015
Auditors'	remuneration			5,880	5,400
Trustees'	indemnity insurance			1,632	1,008
Legal fees				188	9,160
Trustees'	meeting costs			3,381	4,597
Clerk to	the	Trustees fees		44,400	44,400
Sundries				305	869
				57,160	66,449

				Freehold
				land	Almshouses	Totals
COST ORVALUATION
At 6 April	2022			3,164,222	2,600,000	5,764,222
Additions				105,796		105,796
At 5 April	2023			3,270,018	2,600,000	5,870,018
DEPRECIATION
At 6 April	2022				337,500	337,500
Charge for Revaluation	year adjustments				52,000 ~337,500)	52,000 ~337,500)
At 5 April	2023				52,000	52,000
NET BOOK VALUE
At 5 April	2023			3,270,018	2,548,000	5,818,018
At 5 April	2022			3,164,222	2,262,500	5,426,722
Cost or valuation		at 5 April 2023 is represented	by:
				Freehold
				land	Almshouses	Totals
Valuation	in 2022				725,000	725,000
Cost				3,270,018	1,875,000	5,145,018
				3,270,018	2,600,000	5,870,018

	2%on cost to 2%on fair value from 2022, releasin	2%on cost to 2%on fair value from 2022, releasin	2%on cost to 2%on fair value from 2022, releasin	2%on cost to 2%on fair value from 2022, releasin	g f337,500to the stateme	nt	offinancial activ	ities in 2023.
11.	FIXEDASSETINVESTMENTS
							2023	2022
	Shares						13,538,067	12,813,376
	Funds held	by broker					125,493	545,745
							13,663,560	13,359,121
	Additional	information		as follows:
					Shares	in
					group		Listed
					undertakings		investments	Totals
	MARKET	VALUE
	At 6 April	2022				1	12,813,375	12,813,376
	Additions						4,507,811	4,507,811
	Disposals Revaluations						(3,575,314) ~207,806)	(3,575,314) ~207,806)
	At 5 April	2023				1	13,538,066	13,538,067
	NET BOOK VALUE
	At 5 April	2023				1	13,538,066	13,538,067
	At 5 April	2022				1	12,813,375	12,813,376
	Quoted investinent		analysis
					2023			2022
	Equities				12,372,475			10,250,700
					12,372,475			10260 700

						2023	2022
	Funds held by broker					125,493	545,745
12.	DEBTORS:	AMOUNTS FALLING	DUE WITHIN ONE YEAR
						2023	2022
	Other debtors					52,150	2,540
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
						2023	2022
	Taxation and	social security					222,309
	Other creditors					32,270	30,930
						32,270	253,239
14.	MOVEMENT IN FUNDS
					Net	Transfers
				movement		between
			At 2022	in	funds	funds	At 2023
	Unrestricted	funds
	General fund		375,156	(30,918)		(15,000)	329,238
	Designated repair fund		85,000			15,000	100,000
			460,156	(30,918)			429,238
	Endowment	funds
	Endowment	funds	20,120,935	(213,131)			19,907,804
	TOTAL FUNDS		20,581,091	(244,049)			20,337,042

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		377,665	(408,583)		(30,918)
Endowment	funds
Endowment	funds		(117,401)	(95,730)	(213,131)
TOTAL FUNDS		377,665	[525,984)	~95,730)	~244,049)

			Net	Transfers
			movement	between
		At. 2021	in funds	funds	At 2022
Unrestricted	funds
General fund		411,258	(21,102)	(15,000)	375,156
Designated	repair fund	70,000		15,000	85,000
		481,258	(21,102)		460,156
Endowment	funds
Endowment	funds	18,842,613	1,278,322		20,120,935
TOTAL FUNDS		19,323,871	1,257,220		20,581,091

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
Unrestricted	funds
General fund				315,582	(336,684)		(21,102)
Endowment	funds
Endowment	funds			123,266	(64,881)	1,219,937	1,278,322
TOTAL FUNDS				438,848	~403,5657	1,219,937	1,257,220
A current year 12months		and prior	year 12months	combined	position is as follows:
					Net	Transfers
					movement	between
				At 2021	in funds	funds	At 2023
Unrestricted	funds
General fund				411,258	(52,020)	(30,000)	329,238
Designated	repair fund			70 000		30,000	100,000
				481,258	(52,020)		429,238
Endowment	funds
Endowment	funds		18,842,613		1,065,191		]9,907,804
TOTAL FUNDS			19,323,871		1,013,171		20,337,042

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		693,247	(745,267)		(52,020)
Endowment	funds
Endowment	funds	123,266	(182,282)	1,124,207	1,065,191
TOTAL FUNDS		816,513	(927,549)	1,124,207	1,013,171