2021-04-05-accounts - The Hilden Charitable Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
General Information
Trustees' Report		2-7
Statement ofTrustees'	Responsibilities
Auditors' Report		9-11
Statement ofFinancial	Activities	12
Balance Sheet		13
Notes to the Financial	Statements	14-22

					Total	Total
			Unrestricted	Capital	Year to	Year to
			Income Funds	Funds	5.4.21	5.4.20
	Notes		g	g		g
INCOME AND ENDOWMENTS	FROM:
Income from charitable activities:
Grant expenditure refunded			5,000		5,000
Investments and other income:
Investment income		2	361,275		361,275	391,443
Rental income			39,206		39,206	46,055
Total income and endowments			405,481		405,481	437,498
EXPENDITURE ON:
Raising funds			90,122		90,122	86,878
Charitable activities:
Grant Giving
Grant expenditure			460,862		460,862	415,900
Grant related support costs			103,739		103,739	95,409
Property			8,449		8,449	17,959
Management and administration			28,146		28,146	27,697
Total expenditure			691,318		691,318	643,843
Net income / (expenditure) before
gains and losses on investments			(285,837)		(285,837)	(206,345)
Net gains/ (losses) on investments:
Realised on quoted investments		7		97,634	97,634	21,898
Unrealised on quoted investments		7		2,528,992	2,528,992	(566,817)
				2,626,626	2,626,626	(544,919)
NKT INCOME / (EXPENDITURE)			(285,837)	2,626,626	2,340,789	(751,264)
Transfers between funds			285,837	(285,837)
NET MOVEMENT IN FUNDS				2,340,789	2,340,789	(751,264)
Reconciliation offunds:
Fund balances brought forward
at 6a April 2020				12,709,493	12,709,493	13,460,757
FUND BALANCES CARRIED FORWARD AT 5r" APRIL 2021				15,050,282	15,050,282	12,709,493
The notes on pages 14to 22 form part		ofthese accounts

			2021	2020
		Notes
FIXEDASSETS
Tangible fixed assets			869,704	869,400
Investments			14,212,730	11,835,557
Total fixed assets			15,082,434	12,704,957
CURRENT ASSETS
Debtors			13,502	13,830
Cash at bank and in hand			60,224	59,205
Total current assets			73,726	73,035
CREDITORS
Amounts falling due within	one year		(60,385)	(14,595)
NET CURRENT ASSETS			13,341	58,440
PENSION LIABILITY		10	(45,493)	(53,904)
NET ASSETS			15,050,282	12,709,493
FUNDS
CAPITAL —Expendable	Endowment		15,050,282	12,709,493
INCOME —Unrestricted
TOTAL FUNDS			15,050,282	12,709,493

INVESTMENT INCOME			Year to		Year to
			5.4.21		5.4.20
					g
The income from investments	comprised	the following:
Gross income from investments	listed on
recognised stock exchanges			361,022		390,952
Gross interest on cash held by	investment	managers	242		467
Gross interest on bank deposit	account		ll		24
			361,275		391,443
GRANTS MADE
			Year to		Year to
			5.4.21		5,4.20
An analysis ofthe grants by category is as follows;
ASYLUM SEEKERSAND REFUGEES
Assist Sheffieid			5,000
Beyond the Page Ltd, Kent			6,000
Bradford City ofSanctuary			5,000
English for Action, London			5,000
Fightback Charity, Sunderland			5,000
Happy Days Ministries UK, Halifax			5,000
Hodan Somali Community			5,000
Home4U Cardiff			6,000
Hull Women's Centre			6,000
JCWI, London			20,000
Malvern Welcomes			3,000
Refugee Workers' Cultural Association,		London	5,000
Ruth Hayman Trust, South Croydon			6,000
Samphire, Kent			7,500
Slough Refugee Support			6,000
Soundmix, Twickenham			10,000
The Forge Project, Scunthorpe			5,000
Tunbridge Wells Welcomes Refugees (TWWR)			5,000
Voluntary Action Coventry			5,000
Watford and Three Rivers Refugee Partnership			8,250
Welcome Group Halesowen			5,000
				133,750	141,500
Carried forward				133,750	141,500

NOT	ES TO THE ACCOUNTS
FOR	THE YEAR ENDED 5 "APRIL	2021
						Year to		Year to
						5.4.21		5.4.20
							5
3	GRANTS MADE (continued)
	Brought forward						133,750	141,500
	COMMUNITY BASEDINITIATIVES FOR
	DISADVANTAGED YOUNG PEOPLE			AGED 16TO 25
	Change Please Foundation, London					5,000
	Communities First Charitable Foundation,			London
	(Committed but not paid at year-end)					4,000
	Grennock Morton Community Trust,		Wemyss Bay, Scotland			5,000
	Health Energy Advice Team (HEAT), London					5,000
	Multi-Story Music, Richmond					6,500
	Rubygirl Ltd (Ruff and Ruby), Hanley					5,000
	Sister System, London					6,000
	Stonebridge City Farm, Nottingham					5,000
	Swamp Circus Trust Ltd, Cornwall					5,000
	Swansea Music Art Digital					4,000
							50,500	49,700
	HOMELESSNESS
	All People All Places, London					5,000
	Belfast and Lisburn Community Project					4,000
	Coatham House, Redcar					5,000
	Daylight Centre Fellowship, Wellingborough					5,000
	High Peaks Homeless Help Ltd, Buxton, Derbyshire					3,000
	Hope at Home, Bromsgrove					5,000
	Hope House Essex					5,000
	Inverness Foodstuff					5,000
	Manna House (Kendal)					5,000
	Number Eight (Tamworth)					6,000
	Riverside Community Trust, Prestwick					5,000
	Safe Steps, Essex					5,000
	Shiloh Rotherham					5,000
	The Macari Foundation, Stoke-on-Trent					2,500
	The Minehead Hope Centre Trust					5,000
	The Sbrewsbury Ark					5,000
	The Vine Centre, Aldershot					6,500
	The Woking Community Furniture	Project				1,000
							83,000	55,000
	PENALAFFAIRS
	Aldates Community Transformation		Initiatives		(ACT), Oxford	5,000
	CELLS Project CIC, Liverpool					5,000
	Cleveland Housing Advice Centre					5,000
	Friends ofErlestoke Prison, Marlborough					6,000
	Kairos Women Working Together,	Coventry				5,000
	Kestrel Theatre Company, Oxford					10,000
	Project Colt, Elland Bridge					5,312
	Steps 2 Recovery, London					6,000
							47,312	43,600
	Carried forward						314,562	289,800

NOTES TO THK ACCOUNTS	NOTES TO THK ACCOUNTS
FOR THK YEAR ENDED 5r" APRIL 2021
		Year to		Year to
		5.4.21		5.4.20
			5
3	GRANTS MADE (continued)
	Brought forward		314,562	289,800
	OVERSEAS DEVELOPMENT
	UK Based Charities
	Create International, India	10,000
	Healthprom, London —Afghanistan	7,500
	Livingstone Tanzania Trust	4,000
	Margaret Pyke Trust, Uganda	10,000
	Sal's Shoes —Developing Countries	5,000
	Tanzania Development Trust	15,000
	Wonder Foundation —India	5,000
			56,500	53,000
	Overseas Charities
	Cricket Association ofthe Blind Nepal	5,000
	Hope Walks Zambia	5,000
	Save the Needy, Sierra Leone	3,000
	Welcome to My Yard Nepal	5,000
			18,000	30,000
	SPECIAL —Summer Play Schemes
	Social Farms and Gardens	30,000
	Ten other smaller grants (2020:Twenty)	14,800
			44,800	24,000
	SPECIAL —Other
	Barts Health NHS Trust, London	7,000
	George Padmore Institute, London	10,000
	The Everyone Project SCIO, Edinburgh	5,000
	The Kingston and District Welcare Association	5,000
			27,000	19,100
			460,862	415,900

INVESTMENT RELATED EXPENSES	INVESTMENT RELATED EXPENSES	INVESTMENT RELATED EXPENSES
			Year to	Year to
			5.4.21	5.4.20
			g	g
Investment	managers'	fees	90,122	86,878

FO	R THE YEAR ENDED 5	r" AP	RIL	20	21
							Year to	Year to
							5.4.21	5.4.20
							g	g
7	FIXEDASSETINVESTMENTS
	Quoted investments:
	Market value 6o April 2020						11,741,356	12,576,982
	Additions						37,300	54,772
	Disposals						(330,000)	(238,026)
	Net gains realised on disposals						97,634	21,898
	Increase/ (Decrease) in net unrealised				gains		2,528,992	(566,817)
	Investment management	fees deducted			within	fund	(110,751)	(107,453)
	Market value at 5n April	2021					13,964,531	11,741,356
	Cost 5n April 2021						8,346,811	8,541,877
	Investment cash with investment			managers:
	At 6n April 2020						94,201	39,569
	Additions						(37,300)	(54,772)
	Proceeds ofdisposals						330,000	238,026
	Reinvested income						361,264	391,419
	Net transfers to Fund's bank account						(520,250)	(540,000)
	Bank charges						(10)	(20)
	Investment management	fees refunded					20,294	19,979
	At 5'" April 2021						248,199	94,201
	Total fixed asset investments		at market value at 5'" April 2021				14,212,730	11,835,557
	The quoted investments	held	at 5'" April 2021 comprised:
	Global balanced funds						13,964,531	11,741,356
	Total quoted investments	at	market		value at 5'" April 2021		13,964,531	11,741,356

			Year to	Year to
			5.4.21	5.4.20
8	DEBTORS
	Investment managers'	fees rebate	5,488	5,153
	Prepayments			440
	Accrued income		8,014	3,207
	Pension debtor			3,808
	Sundry other debtors			1,222
			13,502	13,830
9	CREDITORS: falling	due within one year
	Accountant's fees		4,800	4,200
	Grants committed but	not yet paid	37,000
	PAYE and MC creditor		907	1,769
	Sundry other creditors		11,318	2,266
	Rental deposits held		6,360	6,360
			60,385	14,595

Changes in the present value oft	h	e defined benefit	deficit obligati	ons were as follows	:
Provision at start ofperiod				53,904	65,390
Unwinding ofthe discount factor		(interest expense)		1,210	828
Deficit contributions paid				(11,177)	(10,852)
Remeasurements —impact ofany		change in assumptions		1,556	(1,462)
Remeasurements —amendments	to the contribution		schedule
Provision at end ofperiod				45,493	53,904