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|---|---|---|
|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|
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|||||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|
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|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|
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|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|
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|||||||||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|
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|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|
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|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|