| Page | ||
|---|---|---|
| General Information | ||
| Trustees' Report |
2-8 | |
| Statement ofTrustees' | Responsibilities | |
| Auditors' Report |
10-12 | |
| Statement ofFinancial | Activities | 13 |
| Balance Sheet | 14 | |
| Notes to the Financial | Statements | 15-23 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Capital | Year to | Year to | ||
| Income Funds | Funds | 5.4.22 | 5.4.21 | ||
| Notes | |||||
| INCOME AND ENDOWMENTS | FROM: | ||||
| Income from generated funds: |
|||||
| Voluntary income |
100,685 | 100,685 | |||
| Income from charitable activities: |
|||||
| Grant expenditure refunded |
5,000 | ||||
| Investments and other income: |
|||||
| Investment income |
2 | 346,509 | 346,509 | 361,275 | |
| Rental income | 2,551 | 2,551 | 39,206 | ||
| Total income and endowments | 449,745 | 449,745 | 405,481 | ||
| EXPENDITURE ON: | |||||
| Raising funds | 94,574 | 94,574 | 90,122 | ||
| Charitable activities: |
|||||
| Grant Giving | |||||
| Grant expenditure | 426,344 | 426,344 | 460,862 | ||
| Grant related support costs | 100,427 | 100,427 | 103,739 | ||
| Property | 27,213 | 27,213 | 8,449 | ||
| Management and administration |
28,702 | 28,702 | 28,146 | ||
| Total expenditure | 677,260 | 677,260 | 691,318 | ||
| Net income / (expenditure) before |
|||||
| gains and losses on investments | (227,515) | (227,515) | (285,837) | ||
| Net gains/ (losses) on investments: | |||||
| Realised on quoted investments | 7 | 25,691 | 25,691 | 97,634 | |
| Unrealised on quoted investments |
7 | 502,426 | 502,426 | 2,528,992 | |
| 528,117 | 528,117 | 2,626,626 | |||
| NET INCOME / (EXPENDITURE) | (227,515) | 528,117 | 300,602 | 2,340,789 | |
| Transfers between funds |
227,515 | (227,515) | |||
| NET MOVEMENT IN FUNDS | 300,602 | 300,602 | 2,340,789 | ||
| Reconciliation offunds: | |||||
| Fund balances brought forward at 6'" April 2021 |
15,050,282 | 15,050,282 | 12,709,493 | ||
| FUND BALANCES CARRIED FORWARD AT 5 "APRIL 2022 |
15,350,884 | 15,350,884 | 15,050,282 |
| THE HILDEN CHARITABLE FUND | 14 | ||
|---|---|---|---|
| BALANCE SHEET AT 5 "APRIL 2022 | |||
| 2022 | 2021 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible fixed assets | 870,604 | 869,704 | |
| Investments | 14,447,532 | 14,212,730 | |
| Total fixed assets | 15,318,136 | 15,082,434 | |
| CURRENT ASSETS | |||
| Debtors | 5,726 | 13,502 | |
| Cash at bank and in hand | 80,174 | 60,224 | |
| Total current assets | 85,900 | 73,726 | |
| CREDITORS | |||
| Amounts falling due within one year |
(42,736) | (60,385) | |
| NET CURRENT ASSETS | 43,164 | 13,341 | |
| PENSION LIABILITY | 10 | (10,416) | (45,493) |
| NET ASSETS | 15,350,884 | 15,050,282 | |
| FUNDS | |||
| CAPITAL —Expendable Endowment |
15,350,884 | 15,050,282 | |
| INCOME —Unrestricted | |||
| TOTAL FUNDS | 15,350,884 | 15,050,282 |
| NOTES TO THE ACCOUNTS | |||||||
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 5 "APRIL 2022 | |||||||
| INVESTMENT INCOME | Year to | Year to | |||||
| 5.4.22 | 5.4.21 | ||||||
| The income from investments | comprised | the following: | |||||
| Gross income from investments | listed on | ||||||
| recognised stock exchanges | 346,362 | 361,022 | |||||
| Gross interest on cash held by | investment | managers | 146 | 242 | |||
| Gross interest on bank deposit | account | 1 | 11 | ||||
| 346,509 | 361,275 | ||||||
| GRANTS MADE | |||||||
| Year to | Year to | ||||||
| 5.4.22 | 5.4.21 | ||||||
| An analysis ofthe grants by category is as | follows: | ||||||
| ASYLUM SEEKERSAND REFUGEES | |||||||
| Aid BoxCommunity | 5,000 | ||||||
| Asha North Staffordshire | 5,185 | ||||||
| Asylos, London | 5,000 | ||||||
| Asylum Link Merseyside |
5,000 | ||||||
| Benefits Advice Shop, Rhyl | 5,000 | ||||||
| Birmingham Community Hosting Network |
5,000 | ||||||
| Devon &Cornwall Refugee Support |
7,500 | ||||||
| ECPAT UK„London | 5,000 | ||||||
| Education and Skills Development Group, |
London | 3,500 | |||||
| Enthum Foundation, Hove |
5,000 | ||||||
| Independent Advocacy North |
East, North | Shields | 5,610 | ||||
| Migrant Support, Manchester |
6,052 | ||||||
| Migrateful, London |
6,000 | ||||||
| Play for Progress, London | 4,300 | ||||||
| Rainbow Home (NE England) | 5,000 | ||||||
| Refugee Cafe, London | 5,000 | ||||||
| Safe and Sound group, Derby | 4,250 | ||||||
| The Harbour Project for Swindon Refugees and Ayslum | Seekers | 6,000 | |||||
| Together Now, Lancashire | 5,000 | ||||||
| 98,397 | 133,750 | ||||||
| Carried forward | 98,397 | 133,750 |
| NOTES TO THE ACCOUNTS | NOTES TO THE ACCOUNTS | ||||||
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 5 "APRIL 2022 | |||||||
| Year to | Year to | ||||||
| 5.4.22 | 5.4.21 | ||||||
| 3 | GRANTS MADE (continued) | ||||||
| Brought forward | 98,397 | 133,750 | |||||
| COMMUNITY BASEDINITIATIVES FOR | |||||||
| DISADVANTAGED YOUNG PEOPLE AGED 16TO 25 |
|||||||
| Alchemy Arts Limited, Manchester |
5,000 | ||||||
| Carousel Project, Brighton | 3,000 | ||||||
| Chopwell Regeneration CIO |
5,000 | ||||||
| EP Youth Ltd | 3,060 | ||||||
| Face Front Inclusive Theatre, London | 5,000 | ||||||
| Football Journeys, London |
4,000 | ||||||
| GASP Motor Project, Guildford | 5,000 | ||||||
| Goldstar Creative Marketing, London |
5,000 | ||||||
| Kinship Care Northern Ireland |
3,495 | ||||||
| Neesie CIC, Bradford | 7,000 | ||||||
| Portsmouth Sail Training Trust |
5,000 | ||||||
| Salaam Peace, London | 5,000 | ||||||
| Sandwell African Women Association | 5,000 | ||||||
| Strength &Learning Through Horses, |
Edgware | 5,000 | |||||
| The Community Impact Initiative, |
Bridgend | 5,000 | |||||
| UK Bangladesh Education Trust, London |
5,000 | ||||||
| Woodpecker Wood CIC, Dover | 5,000 | ||||||
| 80,555 | 50,500 | ||||||
| HOMELESSNESS | |||||||
| Aspirations Program CIO, Essex |
5,000 | ||||||
| Devon &Cornwall Furniture Reuse Project |
5,000 | ||||||
| Embassy, Northwich | 5,000 | ||||||
| Gilgal, Birmingham | 7,500 | ||||||
| Healthy Living Projects Ltd, Ilford | 5,000 | ||||||
| Helping Hands Community Project, Leamington |
Spa | 5,000 | |||||
| Kings Lynn Winter Night Shelter | 5,000 | ||||||
| Shiloh Rotherham | 4,000 | ||||||
| Springfield Domestic Abuse Support, |
South Lakeland | 10,000 | |||||
| The Cowshed, Hurst |
5,000 | ||||||
| Warming up the Homeless, Bexhill |
4,800 | ||||||
| Waters Edge Arts Ltd, Manchester | 5,000 | ||||||
| West Midlands Anti Slavery Network, |
Birmingham | 5,000 | |||||
| 71,300 | 83,000 | ||||||
| PENAL AFFAIRS | |||||||
| Alternatives to Violence Project, Britain, London |
5,000 | ||||||
| Changing Tunes, Bristol |
5,000 | ||||||
| Cleveland Housing Advice Centre |
5,000 | ||||||
| Inside Justice, Kingston upon Hull | 5,000 | ||||||
| Prisoners' Advice Service, London |
7,500 | ||||||
| Sussex Prisoners' Families, Brighton |
&Hove | 3,900 | |||||
| YDance (Scottish Youth Dance), Glasgow | 4,500 | ||||||
| 35,900 | 47,312 | ||||||
| Carried forward | 286,152 | 314,562 |
| THE HILDEN CHARITABLE FUND | THE HILDEN CHARITABLE FUND | 19 | |||
|---|---|---|---|---|---|
| NOTES TO THE ACCOUNTS | |||||
| FOR THE YEAR ENDED 5 "APRIL 2022 | |||||
| Year to | Year to | ||||
| 5.4.22 | 5.4.21 | ||||
| 3 | GRANTS MADE (continued) | ||||
| Brought forward | 286,152 | 314,562 | |||
| OVERSEAS DEVELOPMENT | |||||
| UK Based Charities | |||||
| Ecologia Youth Trust, Moray | 6,000 | ||||
| Entraide Mutual Aid, Dem. Rep. ofCongo | 10,000 | ||||
| Joint Aid Management UK, Africa |
6,000 | ||||
| LUV+ (Leprosy at Utale Village Plus), Southern Africa | 8,000 | ||||
| Norwich Dedza Partnership, Malawi |
5,000 | ||||
| Peace Child International, Sierre Leone |
5,000 | ||||
| SafeHands, Ethiopia |
5,000 | ||||
| Southern A&ica Resources Centre | 5,000 | ||||
| Tanzania Development Trust |
8,370 | ||||
| Tiyeni, Malawi | 5,000 | ||||
| 63,370 | 56,500 | ||||
| Overseas Charities | |||||
| Afri-Tanzania Volunteers for Change |
5,000 | ||||
| Baseline Foundation, Uganda |
3,500 | ||||
| Community Initiatives for Rural Development |
(CIFORD), Kenya | 5,822 | |||
| Cricket Association ofthe Blind, Nepal | 5,000 | ||||
| Do Good Charity Initiative, Nigeria | 5,000 | ||||
| Hope for Kids Zimbabwe | 5,000 | ||||
| Innovative Youth With Action, Uganda |
1,500 | ||||
| Missing Link, Uganda | 6,000 | ||||
| Molo Mhlaba School, South Africa | 5,000 | ||||
| Sustainable Nature Concern, Tanzania |
5,000 | ||||
| Women Without Poverty, Uganda | 5,000 | ||||
| Young African Women Initiatives (YAWI), Kenya | 5,000 | ||||
| 56,822 | 18,000 | ||||
| SPECIAL —Summer Play Schemes | |||||
| 44,800 | |||||
| SPECIAL —Other | |||||
| Guild ofPsychotherapists, London |
10,000 | ||||
| George Padmore Institute, London |
10,000 | ||||
| 20,000 | 27,000 | ||||
| 426,344 | 460,862 |
| 5 | INVESTMENT RELATED EXPENSES | INVESTMENT RELATED EXPENSES | INVESTMENT RELATED EXPENSES | ||
|---|---|---|---|---|---|
| Year to | Year to | ||||
| 5.4.22 | 5.4.21 | ||||
| Investment | managers' | fees | 94,574 | 90,122 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Long | ||||
| Leasehold | Investment | Office | Total | |
| Property | Property | Equipment | ||
| Cost or Fair Value | ||||
| As at 6~ April 2021 | 168,446 | 700,000 | 7,885 | 876,331 |
| Additions | 1,660 | 1,660 | ||
| Disposals | ||||
| As at 5'" April 2022 | 168,446 | 700,000 | 9,545 | 877,991 |
| Depreciation | ||||
| As at 6'" April 2021 | 6,627 | 6,627 | ||
| Charge for the year | 760 | 760 | ||
| Eliminated on disposal |
||||
| At 5'" April 2022 | 7,387 | 7,387 | ||
| Net BookValue | ||||
| At 5~ April 2022 | 168,446 | 700,000 | 2,158 | 870,604 |
| At 5'" April 2021 | 168,446 | 700,000 | 1,258 | 869,704 |
| Year to | Year to | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 5.4.22 | 5.4.21 | ||||||||
| 7 | FIXEDASSETINVESTMENTS | ||||||||
| Quoted investments: | |||||||||
| Market value 6'" April 2021 | 13,964,531 | 11,741,356 | |||||||
| Additions | 46,197 | 37,300 | |||||||
| Disposals | (136,250) | (330,000) | |||||||
| Net gains realised on disposals | 25,691 | 97,634 | |||||||
| Increase/ (Decrease) in | net unrealised | gains | 502,426 | 2,528,992 | |||||
| Investment management |
fees deducted | within | fund | (118,260) | (110,751) | ||||
| Market value at 5'" April | 2022 | 14,284,335 | 13,964,531 | ||||||
| Cost 5'" April 2022 | 8,282,449 | 8,346,811 | |||||||
| Investment cash with At 6'" April 2021 |
investment | managers: | 248,199 | 94,201 | |||||
| Additions Proceeds ofdisposals |
(46,197) 136,250 |
(37,300) 330,000 |
|||||||
| Reinvested income |
346,508 | 361,264 | |||||||
| Net transfers to Fund's | bank account | (545,000) | (520,250) | ||||||
| Bank charges | (10) | (10) | |||||||
| Investment management |
fees refunded | 23,447 | 20,294 | ||||||
| At 5~ April 2022 | 163,197 | 248,199 | |||||||
| Total fixed asset investments | at market value at 5'" April 2022 | 14,447,532 | 14,212,730 | ||||||
| The quoted investments | held | at 5' | April 2022 comprised: | ||||||
| Global balanced funds |
14,284,335 | 13,964,531 | |||||||
| Total quoted investments | at market | value at 5'h April 2022 | 14,284,335 | 13,964,531 |
| FO | R THE YEAR EN | DED | 5 "APRIL 2022 | ||
|---|---|---|---|---|---|
| Year to | Year to | ||||
| 5.4.22 | 5.4.21 | ||||
| 8 | DEBTORS | ||||
| Investment managers' |
fees rebate | 5,726 | 5,488 | ||
| Accrued income | 8,014 | ||||
| 5,726 | 13,502 | ||||
| 9 | CREDITORS: falling | due within one year | |||
| Accountant's fees |
4,800 | 4,800 | |||
| Grants committed | but | not yet paid | 29,792 | 37,000 | |
| PAYE and NIC creditor | 1,828 | 907 | |||
| Sundry other creditors | 4,216 | 11,318 | |||
| Rental deposits held | 6,360 | ||||
| Deferred income | 2,100 | ||||
| 42,736 | 60,385 |
| Changes in the present value oft | e defined benefit | deficit obligati | ons were as follows: |
||
|---|---|---|---|---|---|
| Provision at start ofperiod | 45,493 | 53,904 | |||
| Unwinding ofthe discount factor |
(interest expense) | 262 | 1,210 | ||
| Deficit contributions paid |
(11,512) | (11,177) | |||
| Remeasurements —impact ofany |
change in assumptions | (239) | 1,556 | ||
| Remeasurements —amendments |
to the contribution | schedule | (23,588) | ||
| Provision at end ofperiod |
10,416 | 45,493 |