**REGISTERED CHARITY NO 233121** ## **THE HIBBERT TRUST** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **THE HIBBERT TRUST** ## **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** |**Contents**|**Page**| |---|---| |Legal and Administrative Information|1| |Trustees’ Report|2| |Independent Examiner’s Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes forming part of the Financial Statements|7| ## **THE HIBBERT TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** |**TRUSTEES**|Michael Barber (resigned 26 April 2023)| |---|---| ||James Chiriyankandath (appointed 22 March 2023)| ||Catrin Davies| ||Dorothy Hewerdine| ||Helen Mason| ||Justin Meggitt| ||Derek McAuley (Chair)| ||Mark Pearce| ||Melanie Prideaux| ||Andrew Shenton (resigned 22 September 2022)| ||Ann Sinclair| |**CHARITY NUMBER**|233121| |**PRINCIPAL ADDRESS**|26 Loxley Avenue| ||Yardley Wod| ||Birmingham| ||B14 4LG| |**SECRETARY**|Nina Caddick| |**INDEPENDENT EXAMINER**|S Daniels FCA| ||Shaw Gibbs Limited| ||264 Banbury Road| ||Oxford| ||OX2 7DY| |**BANKERS**|CAF Bank Limited| ||25 Kings Hill Avenue| ||Kings Hill| ||West Malling| ||Kent| ||ME19 4JQ| |**INVESTMENT MANAGERS**|Redmayne Bentley| ||8-10 Victoria Avenue| ||Harrogate| ||HG1 1ED| 1 **THE HIBBERT TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **Trustees’ Report** The Trustees present their report along with the financial statements of the Charity for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the Charity’s trust deed and applicable law. ## **Reference and administrative details of the charity, its trustees and advisors** |Charity name:|The Hibbert Trust| |---|---| |Charity registration number:|233121| |Trustees:|James Chiriyankandath| ||Catrin Davies| ||Dorothy Hewerdine| ||Helen Mason| ||Justin Meggitt| ||Derek McAuley| ||Mark Pearce| ||Melanie Prideaux| ||Ann Sinclair| |Advisors:|These are set out on page 1| ## **Structure governance and management** The Hibbert Trust is constituted as an unincorporated Charity under a trust deed dated 19 July 1847. The Trustees administer two other funds within the Hibbert Trust. The Case Fund established by the will dated 23 August 1880 of George Case and the Stephanie Saville Fund established by her will dated 30 June 2018. These are held as separate funds within the Hibbert Trust. The Stephanie Saville Fund is classified as unrestricted. The Hibbert Trust Fund and Case Fund are both classified as restricted. The declaration of trust states that there shall be at least three trustees. Every future trustee shall be appointed by a resolution of the trustees passed at a special meeting, and the benefits of each selection are to be considered. The trustees are directed to revise and reconsider at least once in every quarter century any scheme they have adopted to carry the trust into effect. By his will George Case directed that the charitable fund established by the will be transferred to the trustees of the Hibbert Trust. ## **Objects and activities** ## 1. The Hibbert Trust The objects of the Trust are to apply the trust fund in such manner as the trustees think most conducive to:- - the spread of Christianity in its most simple and intelligible form; and - the unfettered exercise of private judgement in matters of religion. ## 2. The Case Fund The objects of the Case Fund are the promotion of free thought and the search after truth, the promotion of unfettered learning and frank utterance on matters connected with religion or with the nature and development and highest culture of mankind. ## 3. The Stephanie Saville Fund The objectives of the Stephanie Saville Fund encapsulate those of both the Hibbert Trust and the Case Fund. This allows the Trustees to allocate this fund to further either set of objectives and leads to this fund being classified as unrestricted. The Trustees may award grants or otherwise approve arrangements for purposes which are in accordance with these objects. ## **Achievements and performance** During the year the trust’s activities continued to be impaired by the effects of the COVID-19 pandemic. Fortunately, the trust managed to maintain its level of income but the restrictions on face to face contact disrupted the trust’s own programmes as well as the number of grant applications. The trust also received funding from investment income, enabling it to support a variety of projects and individuals in furtherance of its objects. The investments are managed by the Investment Managers and operate the portfolios on a discretionary basis. Charitable activities (including grants pledged) during the year amounted to £243,322 (2022 **-** £37,975), which includeds the creation of the below designated amount of £200,000 (2022 - none). Grants of £31,000 were outstanding as at 31 March 2023 (2022 – £21,500). The trust has spent considerable time reviewing the implications of the origins of its founding funds in a legacy from Robert Hibbert Junior, an owner of enslaved people of Jamaica. The need to redress the long-term and multiple effects of transatlantic slavery has influenced its grant-giving activities more generally. The trust decided to designate £200,000 for reparations arising from “The Legacy of Slavery”. These funds will be held separately in a deposit account and any interest earned will be added to the balance of available funds whilst one or more suitable recipients are identified. 2 ## **THE HIBBERT TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** **Trustees' Report (continued)** ## **Reserves Policy** It is the policy of the Charity to retain sufficient funds to meet future commitments. Grants are only paid from funds in hand. If insufficient suitable applications for grants are received, the surplus is invested for future income generation or retained for future grant making. ## **Public Benefit** The charitable activities for the year are in accordance with the Charity Commission’s guidance on public benefit. The charity continues to provide grants subject to satisfactory application for funding within its charitable aims and objectives as explained above. ## **Trustees responsibilities in relation to the financial statements** The trustees are responsible for preparing the Trustees’ Report and 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 & Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and 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. ## **Independent Examiner** S Daniels has been appointed as independent examiner for the ensuring year. ## **Approved by the trustees and signed on their behalf by:-** D McAuley ……………………………..…. Trustee Dated: 27 Nov 2023 **Derek McAuley** 3 ## **THE HIBBERT TRUST** ## **Independent Examiner’s Report to the trustees of The Hibbert Trust** I report to the charity trustees on my examination of the accounts of the Hibbert Trust for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s financial statements 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 giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements 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 financial statements to be reached. Samantha Daniels FCA for and on behalf of Shaw Gibbs Limited 264 Banbury Road Oxford OX2 7DY Dated: ………………. 4 ## **THE HIBBERT TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**Not**
**INCOMING RESOURCES**
Investment income
**3**
Other
**4**
**Total incoming resources**
**RESOURCES EXPENDED**
Cost of generating funds
**5**
Charitable activities
**6**
Administrative costs
**7**
**Total resources expended**
Gains/(losses) on investments
**8**
**TOTAL FUNDS BROUGHT**
**FORWARD**
**TOTAL FUNDS CARRIED**
**FORWARD**
**NET INCOMING/(OUTGOING)**
**RESOURCES FOR THE YEAR**
**NET MOVEMENT IN FUNDS IN THE**
**FINANCIAL YEAR**|**e**
**Restricted**
**funds**
**£**

**53,874**

**1,795**
**55,669**

**10,635**

**12,500**

**4,891**
**28,026**
**27,643**

**(198,804)**
**(171,161)**
**1,822,558**
**1,651,396**|**2023**
**Unrestricted**
**fund**
**£**
**18,074**
**-**
**18,074**
**3,659**
**30,822**
**1,641**
**36,122**
**(18,048)**
**(98,983)**
**(117,031)**
**723,069**
**606,038**|**Total**
**£**
**71,948**
**1,795**
**73,743**
**14,294**
**43,322**
**6,532**
**64,148**
**9,595**
**(297,787)**
**(288,192)**
**2,545,627**
**2,257,434**|Restricted
funds
£
48,461
60
48,521
10,294
37,975
5,099
53,368
(4,847)
73,453
68,606
1,753,952
**1,822,558**|2022
Unrestricted
fund
£
16,275
10,952
27,227
3,470
-
1,581
5,051
22,176
23,671
45,847
677,222
**723,069**|Total
£
64,736
11,012
75,748
13,764
37,975
6,680
58,419
17,329
97,124
114,453
2,431,174
**2,545,627**| |---|---|---|---|---|---|---| The notes referred to above form part of these Financial Statements. 5 **THE HIBBERT TRUST BALANCE SHEET AS AT 31 MARCH 2023** |**Note**
**Fixed assets**
Investments
**8**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**10**
**Current liabilities**
Amounts falling due within one year
**11**
**Net current assets**
**Net assets**
**Represented by**
Current funds
**12**
Capital fund
**12**
Unrestricted fund
**12**|**Restricted**
**funds**
**£**

**1,486,330**

**125,176**

**349,829**
**475,005**

**(309,939)**
**165,066**
**1,651,396**

**621,709**

**1,029,687**

**-**
**1,651,396**|**2023**
**Unrestricted**
**fund**
**£**
**487,336**
**126,723**
**12,744**
**139,467**
**(20,765)**
**118,702**
**606,038**
**-**
**-**
**606,038**
**606,038**|**Total**
**£**
**1,973,666**
**251,899**
**362,573**
**614,472**
**(330,704)**
**283,768**
**2,257,434**
**621,709**
**1,029,687**
**606,038**
**2,257,434**|Restricted
funds
£
1,702,456
108,256
298,019
406,275
(286,174)
120,101
1,822,557
594,066
1,228,491
-
1,822,557|2022
Unrestricted
fund
£
574,984
140,438
9,399
149,837
(1,752)
148,085
723,069
-
-
723,069
723,069|Total
£
2,277,440
248,694
307,418
556,112
(287,926)
268,186
2,545,626
594,066
1,228,491
723,069
2,545,626| |---|---|---|---|---|---|---| Approved by the Trustees on and signed on their behalf by: ## **27 Nov 2023** D McAuley Ann Sinclair Derek McAuley Ann Sinclair Chair and Trustee Trustee The notes referred to above form part of these Financial Statements. 6 ## **THE HIBBERT TRUST NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1 PRINCIPAL ACCOUNTING POLICIES** ## **(a) Accounting Convention** The accounts have been prepared in accordance with the Trust's Deed Poll, 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102. ## **(b) Investment Income** Investment income is accounted for in the period in which the Charity is entitled to receipt. ## **(c) Resources Expended** Expenditure is included on an accruals basis. Direct payments are made voluntarily to institutions or to individuals. The value of services provided by volunteers has not been included. ## **(d) Fixed Asset Investments** Fixed asset investments are included at mid-market value at the balance sheet date. All changes in value during the year, whether realised or unrealised, are reported in the Statement of Financial Activities. ## **(e) Taxation** The Charity does not trade for tax purposes and hence is not liable to Corporation Tax on its surplus. ## **(f) Fund Accounting** Within the restricted funds the amounts available for distribution are called current funds. The Charity maintains a capital fund within the restricted funds. The capital funds are established to protect the real value of the funds into the future and are not available for distribution. An amount equal to the increase in value of investments in line with RPI is set aside from realised or unrealised gains in the year and credited to the capital fund up to the total amounts of any gains. Any excess realised or unrealised gains are allocated to the current fund within the appropriate restricted fund and are to be used in accordance with the appropriate charitable objects. This is a change from previous years where an additional 30% of any gains were allocated to the capital fund. 7 **THE HIBBERT TRUST NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2 RELATED PARTY TRANSACTIONS** None of the trustees were paid any remuneration by the Charity during the year (2022 – none). For administrative purposes, all of the bank transactions of the John Gregson Trust are undertaken by the Hibbert Trust. This results in an amount due to or from the Hibbert Trust. That amount at the year end is £34,213 due from the Hibbert Trust (2022: £12,155 due from the Hibbert Trust). All of the trustees of the John Gregson Trust are also trustees of the Hibbert Trust and vice versa. Administrative costs of the Hibbert Trust are incurred in common with the John Gregson Trust. The Hibbert Trust charges an appropriate amount to the John Gregson Trust annually. The amount for the current year is £2,797 (2022: £2,745). During the year the 3 trustees (2022: 7) were reimbursed expenses of £804 (2022:£1,356) to cover travel costs to meetings and small items of expenditure made on behalf of the Hibbert Trust. These amounts are included in the accounts of the Hibbert Trust. ## **3 INVESTMENT INCOME** **----- Start of picture text -----**
2023 2022
Investment income £ £
Hibbert Trust 30,926 27,957
Case Fund 22,948 20,504
Total restricted funds 53,874 48,461
Unrestricted fund 18,074 16,275
Total 71,948 64,736
4 OTHER INCOME
2023 2022
Other Income £ £
Hibbert Trust 1,795 60
Case Fund - -
Total restricted funds 1,795 60
Unrestricted fund - 10,952
Total 1,795 10,952
5 COST OF GENERATING FUNDS
2023 2022
Investment management costs £ £
Hibbert Trust 5,969 5,763
Case Fund 4,666 4,531
Total restricted funds 10,635 10,294
Unrestricted fund 3,659 3,470
Total 14,294 13,764
**----- End of picture text -----**
8 **THE HIBBERT TRUST NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **6 CHARITABLE ACTIVITIES** **----- Start of picture text -----**
2023 2022
Grants Grants from Grants
Grants from awarded Total previous awarded Total
previous years and years not and
not required activities required activities
£ £ £ £ £ £
Hibbert Trust (3,500) - (3,500) (4,200) 44,675 40,475
Case Fund - 16,000 16,000 (2,500) - (2,500)
Total restricted funds (3,500) 16,000 12,500 (6,700) 44,675 37,975
Unrestricted fund - 30,822 30,822 - - -
Total (3,500) 46,822 43,322 (6,700) 44,675 37,975
**----- End of picture text -----**
**Analysis of charitable activities** **Grants awarded Restricted funds** |**Hibbert Trust**
Black Lives Matter (grant)
Cape Town, South Africa (grant)
Colin Bossen (grant)
Mark Hutchinson - Transformers (grant)
Oscar Lugasa Malande (grant)
The Lunar Society (grant)
Unitarian Digital Resources Network (grant)
Ministry in the Making
Total
**Case fund**
Black Lives Matter (grant)
Culham St Gabriels Trust (grant)
Malvern Festival (grant)
Simphiwe Neo Swakamisa (grant)
The Lunar Socity (grant)
Total
**Unrestricted funds**
Lay Leadership
Leading into the future (grant)
Ministry in the Making
Total
**Grants from previous years not required**
**Restricted funds**
**Hibbert Trust**
Black Lives Matter (grant)
Lewisham Beyond Congregation (grant)
Wakefield Westgate (grant)
Findhorn (grant)|**2023**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2023**
**£**
**3,500**
**5,000**
**500**
**4,000**
**3,000**
**16,000**
**2023**
**£**
**5,000**
**20,000**
**5,822**
**30,822**
**2023**
**£**
**(3,500)**
**-**
**-**
**-**
**(3,500)**|2022
£
7,000
15,000
3,000
2,000
3,000
3,000
2,000
9,675
44,675
2022
£
-
-
-
-
-
-
2022
£
-
-
-
-
2022
£
-
(500)
(3,000)
(700)
(4,200)| |---|---|---| 9 ## **THE HIBBERT TRUST NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **6 CHARITABLE ACTIVITIES (continued)** **Grants from previous years not required Restricted funds** **----- Start of picture text -----**
2023 2022
£ £
Case fund
IARF British Chapter - (1,500)
IARF EME - (1,000)
- (2,500)
ADMINISTRATI0N COSTS
2023 2022
£ £
Hibbert Trust 2,808 2,941
Case Fund 2,083 2,158
Total restricted funds 4,891 5,099
Unrestricted fund 1,641 1,581
Total 6,532 6,680
**----- End of picture text -----**
**7 ADMINISTRATI0N COSTS** The Independent Examiners fee of £3,714 (2022:£2,460) is included in total adminisration costs. Part of this fee, £1,114 (2022:£728) has been recharged to the John Gregson Trust. - **8 FIXED ASSET INVESTMENTS** |**1**
**Restricted funds**
**a**
**Hibbert Trust**
**Market Value as at 1 April 2022**
Acquisitions at cost
Disposals
Gain/(loss) on revaluation
**Market Value as at 31 March 2023**
**Cost as at 31 March 2023**
**Statement of gains and losses on investments**
Realised gain /(loss) on sale of investments
Gain / (loss) on revaluation
**b**
**Case Fund**
**Market Value as at 1 April 2022**
Acquisitions at cost
Disposals
Gain/(loss) on revaluation
**Market Value as at 31 March 2023**
**Cost as at 31 March 2023**
**Statement of gains and losses on investments**
Realised gain /(loss) on sale of investments
Gain / (loss) on revaluation
**Total gains and losses on investments**
Hibbert Trust
Case fund|**2023**
**£**
**952,498**
**-**
**(7,765)**
**(109,880)**
**834,853**
**769,625**
**2023**
**£**
**2,240**
**(109,880)**
**(107,640)**
**2023**
**£**
**749,958**
**-**
**(5,429)**
**(93,052)**
**651,477**
**574,805**
**2023**
**£**
**1,888**
**(93,052)**
**(91,164)**
**2023**
**£**
**(107,640)**
**(91,164)**
**(198,804)**|2022
£
917,481
57,093
(44,228)
22,152
952,498
777,389
2022
£
14,645
22,152
36,797
2022
£
719,720
50,995
(42,678)
21,921
749,958
580,234
2022
£
14,735
21,921
36,656
2022
£
36,797
36,656
73,453| |---|---|---| 10 ## **THE HIBBERT TRUST NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **8 Fixed asset investments (continued)** **Analysis of investments market value** |**Hibbert Trust**
Fixed interest
UK equity funds
Overseas equity funds
Multi-asset funds
Property
Alternative funds
**Case Fund**
Fixed interest
UK equity funds
Overseas equity funds
Multi-asset funds
Property
Alternative funds
**Total investments**
Hibbert Trust
Case Fund
**2 Unrestricted fund**
**Market Value as at 1 April 2022**
Acquisitions at cost
Disposals
Gain/(loss) on revaluation
**Market Value as at 31 March 2023**
**Cost as at 31 March 2023**
**Statement of gains and losses on investments**
Realised gain /(loss) on sale of investments
Gain / (loss) on revaluation
**Analysis of investments market value**
Overseas equity funds
Multi-asset funds
Property
Alternative funds|**2023**
**£**
**241,891**
**77,000**
**204,171**
**95,297**
**92,516**
**123,978**
**834,853**
**2023**
**£**
**111,930**
**46,200**
**200,524**
**97,514**
**84,983**
**110,327**
**651,478**
**2023**
**£**
**834,853**
**651,478**
**1,486,331**
**2023**
**£**
**574,984**
**11,335**
**-**
**(98,983)**
**487,336**
**529,208**
**2023**
**£**
**-**
**(98,983)**
**(98,983)**
**2023**
**£**
**82,529**
**155,780**
**57,187**
**191,840**
**487,336**|2022
£
272,744
79,350
207,585
113,402
144,663
134,754
952,498
2022
£
126,706
47,610
203,233
113,402
132,498
126,509
749,958
2022
£
952,498
749,958
1,702,456
2022
£
535,645
53,620
(45,600)
31,319
574,984
517,873
2022
£
(7,648)
31,319
23,671
2022
£
77,482
171,522
117,044
208,936
574,984| |---|---|---| 11 **Drafts 09/11/2023** ## **THE HIBBERT TRUST** ## **NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** **----- Start of picture text -----**
9 DEBTORS 2023 2022
Accrued Other Accrued Other
income debtors Total income debtors Total
£ £ £ £ £ £
Hibbert Trust 2,980 - 2,980 1,926 - 1,926
Case Fund 1,933 120,263 122,196 1,394 104,936 106,330
Total restricted funds 4,913 120,263 125,176 3,320 104,936 108,256
Unrestricted fund - 126,723 126,723 1,253 139,185 140,438
Total 4,913 246,986 251,899 4,573 244,121 248,694
10 CASH AT BANK AND IN HAND 2023 2022
£ £
Hibbert Trust 345,867 295,444
Case Fund 3,962 2,575
Total restricted funds 349,829 298,019
Unrestricted fund 12,744 9,399
Total 362,573 307,418
**----- End of picture text -----**
## **11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Hibbert Trust
Case Fund
Total restricted funds
Unrestricted fund
Total
**12 ACCUMULATED FUNDS**
**Restricted funds**
**a**
**Hibbert Trust**
**Balance as at 1 April 2022**
Movement on investments
Surplus/(deficit) in year
**Balance as at 31 March 2023**|**Accruals**
**£**
**5,746**
**994**
**6,740**
**765**
**7,505**
**Current**
**fund**
**£**
**272,866**
**-**
**27,444**
**300,310**|**2023**
**Other**
**creditors**
**£**
**292,199**
**11,000**
**303,199**
**20,000**
**323,199**
**2023**
**Capital**
**Fund**
**£**
**693,085**
**(107,640)**
**-**
**585,445**|**Total**
**£**
**297,945**
**11,994**
**309,939**
**20,765**
**330,704**
**Total**
**£**
**965,951**
**(107,640)**
**27,444**
**885,755**|Accruals
£
6,202
2,258
8,460
1,752
10,212
Curent fund
£
294,028
-
(21,162)
272,866|2022
Other
creditors
£
277,714
-
277,714
-
277,714
2022
Capital
Fund
£
656,288
36,797
-
693,085|Total
£
283,916
2,258
286,174
1,752
287,926
Total
£
950,316
36,797
(21,162)
965,951| |---|---|---|---|---|---|---| The trustees have designated £200,000 of the current fund to the Hibbert Reparation Fund. 12 **THE HIBBERT TRUST NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **12 ACCUMULATED FUNDS (continued)** **Restricted funds** **b Case fund** |**Balance as at 1 April 2022**
Movement on investments
Surplus/(deficit) in year
**Balance as at 31 March 2023**
**Total restricted reserves**
**Balance as at 1 April 2022**
Movement on investments
Surplus/(deficit) in year
**Balance as at 31 March 2023**|**Current**
**fund**
**£**
**321,200**
**-**
**199**
**321,399**
**Current**
**fund**
**£**
**594,066**
**-**
**27,643**
**621,709**|**2023**
**Capital Fund**
**£**
**535,406**
**(91,164)**
**-**
**444,242**
**2023**
**Capital Fund**
**£**
**1,228,491**
**(198,804)**
**-**
**1,029,687**|**Total**
**£**
**856,606**
**(91,164)**
**199**
**765,641**
**Total**
**£**
**1,822,557**
**(198,804)**
**27,643**
**1,651,396**|Current
fund
£
304,886
-
16,314
321,200
Current
fund
£
598,914
-
(4,848)
594,066|2022
Capital
Fund
£
498,750
36,656
-
535,406
2022
Capital
Fund
£
1,155,038
73,453
-
1,228,491|Total
£
803,636
36,656
16,314
856,606
Total
£
1,753,952
73,453
(4,848)
1,822,557| |---|---|---|---|---|---|---| ## **Unrestricted fund** |**Balance as at 1 April 2022**
Movement on investments
Surplus/(deficit) in year
**Balance as at 31 March 2023**|**2023**
**£**
**723,069**
**(98,983)**
**(18,048)**
**606,038**|2022
£
677,222
23,671
22,176
723,069| |---|---|---| 13 **Issuer** Shaw Gibbs **Document generated** Mon, 27th Nov 2023 8:31:40 UTC **Document fingerprint** 2f0058734c93c4d60d7e4c30651b28bd ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Mon, 27th Nov 2023 9:55:26 UTC Mon, 27th Nov 2023 10:05:49 UTC Derek McAuley - Signer (7e2f58637a3b63f8dd5d4a32fd2e49e0) Ann Sinclair - Signer (c0390cee03559534f724a0b01635dd90) ## **Audit history log** ## **Date** ## **Action** Mon, 27th Nov 2023 10:05:50 UTC Mon, 27th Nov 2023 10:05:49 UTC Mon, 27th Nov 2023 10:05:49 UTC Mon, 27th Nov 2023 10:03:20 UTC Mon, 27th Nov 2023 9:55:29 UTC Mon, 27th Nov 2023 9:55:27 UTC Mon, 27th Nov 2023 9:55:27 UTC Mon, 27th Nov 2023 9:55:27 UTC Mon, 27th Nov 2023 9:54:43 UTC Mon, 27th Nov 2023 9:54:32 UTC Mon, 27th Nov 2023 8:42:49 UTC Mon, 27th Nov 2023 8:42:48 UTC Mon, 27th Nov 2023 8:36:49 UTC Mon, 27th Nov 2023 8:36:49 UTC Mon, 27th Nov 2023 8:31:51 UTC Mon, 27th Nov 2023 8:31:44 UTC Mon, 27th Nov 2023 8:31:40 UTC Ann Sinclair viewed the envelope (81.147.134.152) This envelope has been signed by all parties (81.147.134.152) Ann Sinclair signed the envelope (81.147.134.152) Ann Sinclair viewed the envelope (81.147.134.152) Document emailed to annsinclair530@btinternet.com (13.40.129.172) Derek McAuley viewed the envelope (86.176.207.148) Sent the envelope to Ann Sinclair (annsinclair530@btinternet.com) for signing (86.176.207.148) Derek McAuley signed the envelope (86.176.207.148) Derek McAuley viewed the envelope (86.176.207.148) Derek McAuley opened the document email. (87.248.115.85) Document emailed to dmca123@aol.com (13.40.129.172) Sent the envelope to Derek McAuley (dmca123@aol.com) for signing (89.197.20.206) Ann Sinclair has been assigned to this envelope (89.197.20.206) Derek McAuley has been assigned to this envelope (89.197.20.206) Document generated with fingerprint 2f0058734c93c4d60d7e4c30651b28bd (89.197.20.206) Document generated with fingerprint 83454fa74c232de9827801ca26b63f14 (89.197.20.206) Envelope generated by Sue Whitthread (89.197.20.206)