| CONTENTS | |
|---|---|
| Page | |
| Reference and Administrative details |
|
| Trustees Report | 2-6 |
| Independent Examiner's Report |
|
| Statement ofFinancial Activities | |
| Balance Sheet | |
| Notes to the Financial Statements | 10-19 |
| Reference | and Administrative Details |
and Administrative Details |
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|---|---|---|---|---|---|---|
| Name of Charity: | Housing the Homeless Central |
Fund (HHCF) | ||||
| Registered | Charity No: | 233254 | ||||
| Patrons: | Professor Lord Peter Hennessy | BA PhD | ||||
| Sir Andrew Parmley PhD |
||||||
| Bob Roberts MA MCLIP |
||||||
| Trustees: | Elizabeth Rogula - Chair |
|||||
| Keith Bottomley | ||||||
| Christopher Hayward |
||||||
| Henry Jones | ||||||
| Colin J Mason | ||||||
| Wendy Mead OBE | ||||||
| Ruby Sayed | ||||||
| Jeremy Simons OBE | ||||||
| Tony Zotti MBE | ||||||
| Officers: | Frankie Salton-Cox, Clerk to the | Trustees | ||||
| Andrew Fuller, Treasurer |
||||||
| Registered | Address: | c/o Redmayne Bentley LLP |
||||
| Mortimore House, 40 Chatsworth |
Parade, | Petts Wood BR5 1DE | ||||
| Stockbrokers: | Redmayne Bentley LLP |
|||||
| Mortimore House, 40 Chatsworth |
Parade, | Pelts Wood BR5 1DE | ||||
| Bankers: | Virgin Money (Yorkshire Bank | Pic) | ||||
| 144-158 Kensington High |
Street, | London, | W8 7RL | |||
| Independent | Examiner: | Matthew Bather ACA |
||||
| Moore (South) LLP | ||||||
| Priory House, Sydenham | Road, | Guildford | GU1 3RX |
| Unrestricted | Restricted | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| Note | 6 | E | |||||||
| Incoming Resources From | |||||||||
| Donations and |
legacies | 43,869 | 2,500 | 46,369 | 71,019 | ||||
| Other trading | activities | 2,906 | 2,906 | 5,240 | |||||
| Investments | 15,953 | 15,953 | 14,654 | ||||||
| Total Incoming | Resources | 62,728 | 2,500 | 65,228 | 90,913 | ||||
| Resources Expended | On | ||||||||
| Raising funds | 9,331 | 9,331 | 9,829 | ||||||
| Charitable activities |
64,043 | 5,274 | 69,317 | 59,857 | |||||
| Other | 4,488 | 4,488 | 4,416 | ||||||
| 77,862 | 5,274 | 83,136 | 74,102 | ||||||
| Total | (15,134) | (2,774) | (17,908) | 16,811 | |||||
| Net realised / |
unrealised | gains / (losses) | |||||||
| on investments | 11 | (44,755) | (44,755) | 21,525 | |||||
| Net incoming | resources | ||||||||
| for the year | (59,889) | (2,774) | (62,663) | 38,336 | |||||
| Net Movement | in Funds | (59,889) | (2,774) | (62,663) | 38,336 | ||||
| Reconciliation | of Funds | ||||||||
| Fund balances | brought | forward | 455,223 | 5,049 | 460,272 | 421,936 | |||
| Fund Balances Carried | Forward | 15 | 395,334 | 2,275 | 397,609 | 460,272 |
| Donation | s | and Legacies | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Funds | Funds | Total | Total | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| 6 | 6 | 6 | |||||
| Donations | 43,869 | 2,500 | 46,369 | 71,019 | |||
| In 2022 there were restricted donations | of616,000. | ||||||
| Other trading activities | |||||||
| Unrestricted | Restricted | ||||||
| Funds | Funds | Total | Total | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| 6 | 6 | 6 | |||||
| Fundraising | income | 2,906 | 2,906 | 5,240 | |||
| 2,906 | 2,906 | 5,240 | |||||
| In 2022 there was no restricted fundraising | income. | ||||||
| Investment | Income | ||||||
| Unrestricted | Restricted | ||||||
| Funds | Funds | Total | Total | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| 6 | F | 6 | |||||
| Dividends | and interest | 15,744 | 15,744 | 14,454 | |||
| Helpcard | income | 209 | 209 | 200 | |||
| 15,953 | 15,953 | 14,654 |
| Raising F | unds | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds | Total | Total | |||
| 2023 | 2023 6 |
2023f | 2022 6 |
|||
| Investment | manager's | fee | 3,269 | 3,269 | 3,792 | |
| Support costs (Note 8) | 6,062 | 6,062 | 6,037 | |||
| 9,331 | 9,331 | 9,829 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | Total | |||
| 2023 6 |
2023 | 2023 f |
2022 | |||
| Grants | to Institutions | (Note 9) | 57,981 | 5,274 | 63,255 | 53,818 |
| Support | costs (Note | 8) | 6,062 | - | 6,062 | 6,039 |
| 64,043 | 5,274 | 69,317 | 59,857 |
| Other Costs | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| Funds | Funds | Total | Total | |||
| 2023 | 2023 | 2023 | 2022 | |||
| 6 | 6 | |||||
| Independent | Examiner's | fee | 1,488 | 1,488 | 1,416 | |
| Honorarium | 3,000 | 3,000 | 3,000 | |||
| 4,488 | 4,488 | 4,416 |
| Support Costs | ||||
|---|---|---|---|---|
| Raising | Charitable | Basis of | ||
| Funds | Activities | Total | Allocation | |
| 6 | 6 | 6 | ||
| Salaries | 6,000 | 6,000 | 12,000 | Time spent |
| Administrative | 62 | 62 | 124 | Time spent |
| 6,062 | 6,062 | 12,124 |
| Grants to Institutions | 2023 | ||
| Bexley Council | 730 | ||
| Citizens Advice Halton | 1,478 | ||
| City of London | 1,460 | ||
| Clarion Housing | Going Forward | 2,379 | |
| Community Links |
Team | 150 | |
| Housing First |
255 | ||
| Hull Probation Service |
200 | ||
| Live West Limited | 6,860 | ||
| LLAMAU | 2,610 | ||
| London Borough | of Hackney | 300 | |
| National Probation |
Service | 200 | |
| Newman Youth Community |
2,700 | ||
| Parish ofSt Paul's | West Hackney | 250 | |
| POBL | 200 | ||
| Redthread Youth |
250 | ||
| Safer London | 1,050 | ||
| SHAP Ltd | 1,020 | ||
| Single Homeless | Project | 8,860 | |
| St Michael's Fellowship |
1,700 | ||
| St Mungo's | 11,750 | ||
| Test Valley | 1,250 | ||
| Thames Reach | 14,563 | ||
| The Connection | 1,350 | ||
| The Passage | 520 | ||
| The Wallich | 950 | ||
| TVBC | 180 | ||
| Two Saints | 1,100 | ||
| Grants made in year |
64,315 | ||
| Grants written back re 2021/22 | (180) | ||
| Grants written back in year | (880) | ||
| 63,255 |
| gg23 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 8 | |||||||
| Salaries | 15,000 | 15,000 | |||||
| Employers | National | Insurance | contributions | ||||
| 15,000 | 15,000 | ||||||
| Number | ~Numb | r | |||||
| Average number of | employees | ||||||
| No employees | earn | over f60,000(2022:F60,000) |
| ixed Asset Investments | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | 8 | |||
| UK Quoted Investments: | ||||
| Market value at 1st April | 2022 | 430,898 | 402,582 | |
| Additions | 26,207 | |||
| Disposals Net realised/unrealised |
investment | (losses) igains | (8,743) (44,755) |
(19,416) 21,525 |
| Market value at 31st March 2023 | 377,400 | 430,898 | ||
| Cash held by Investment | Manager | 5,585 | ||
| 382,985 | 431,009 | |||
| Historical cost or value ofgift at | ||||
| 31st March 2023 | 343,456 | 350,908 |
| 11. | Fixed Asset Investments | Fixed Asset Investments | (cont.) | |||
|---|---|---|---|---|---|---|
| The following investments |
are held: | |||||
| Market | Market | |||||
| Holding | Value | Value | ||||
| 2023 | 2023 | 2022 | ||||
| K | 8 | |||||
| Dunedin Inc Growth |
Inv Trust | 2,480 | 7,130 | 7,490 | ||
| Pls% Standard Chartered |
Prefs | 23,000 | 22,943 | 28,520 | ||
| M&G Securities Charibond | 28,000 | 30,674 | 33,048 | |||
| Invesco Bond Income Plus | 15,200 | 24,624 | 27,360 | |||
| Helpcards | 11 | 11 | 11 | |||
| HICL Infrastructure | 16,500 | 25,575 | 29,370 | |||
| COIF Charity Funds | 13,354 | 33,989 | 36,189 | |||
| Schroders Charity Equity |
8,069 | 36,272 | 36,998 | |||
| Places for People Finance | 4.25% | 25,000 | 24,688 | 25,625 | ||
| Primary Health Properties |
11,500 | 11,638 | 27,436 | |||
| Tritax Big BoxReit | 12,400 | 17,348 | 29,983 | |||
| 3i Infrastructure | 4,155 | 13,005 | 14,439 | |||
| John Laing Environ Asset Group | 15,700 | 18,777 | 17,710 | |||
| Valu-Trac Investment | Management | 12,947 | 21,684 | 22,923 | ||
| Baillis Gifford &Co | 9,643 | 14,851 | 14,629 | |||
| Finsbury Growth &Income |
Trust | 2,250 | 20,250 | 18,743 | ||
| Fundsmith LLP |
13,976 | 23,849 | 23,775 | |||
| Aegon Asset Management | 19,080 | 18,244 | 20,799 | |||
| JPM Asia Growth &Income |
1,840 | 6,826 | 7,084 | |||
| Tritax Eurobox Pic | 8,300 | 5,022 | 8,766 | |||
| 377,400 | 430,898 | |||||
| 12. | Debtors | |||||
| 2023 | 2022 | |||||
| 6 | E | |||||
| Other debtors | 1,529 | 1,446 | ||||
| Accrued income | 7,000 | 14,000 | ||||
| 8,529 | 15,446 | |||||
| 13. | Creditors: amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| E | 6 | |||||
| Taxation and social security | 600 | 600 | ||||
| Accruals and deferred | income | 1,720 | 1,703 | |||
| 2,320 | 2,303 |
| Deferred | income | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | 6 | |||
| Deferred | income | b/fwd | 232 | 1,432 |
| Deferred | income | in year | 70 | (1,200) |
| Deferred | income | c/fwd | 302 | 232 |
| Funds | ||||||
|---|---|---|---|---|---|---|
| Realised/ | ||||||
| Opening | Unreallsed | Closing | ||||
| Balance | IncomeExpenditure | Losses | Balance | |||
| F | 6 | 8 | F | |||
| General | 20,498 | 62,728 | (77,862) | 5,364 | ||
| Designated - Gift ofShares |
301,593 | (44,755) | 256,838 | |||
| - Legacies and in | ||||||
| Memoriam | funds | 133,132 | 133,132 | |||
| 434,725 | (44,755) | 389,970 | ||||
| Total Unrestricted | 455,223 | 62,728 | (77,862) | (44,755) | 395,334 | |
| Restricted | 5,049 | 2,500 | (5,274) | 2,275 | ||
| Total Funds | 460,272 | 65,228 | (83,136) | (44,755) | 397,609 |
| Reallsedl | ||||||
|---|---|---|---|---|---|---|
| Opening | Unrealised | Closing | ||||
| Balance | IncomeExpenditure | Losses | Balance | |||
| 6 | 6 | |||||
| General | 3,901 | 74,913 | (58,316) | 20,498 | ||
| Designated - Gift ofShares |
280,068 | 21,525 | 301,593 | |||
| - Legacies and in | ||||||
| Memoriam | funds | 133,132 | 133,132 | |||
| 413,200 | 21,525 | 434,725 | ||||
| Total Unrestricted | 417,101 | 74,913 | (58,316) | 21,525 | 455,223 | |
| Restricted | 4,835 | 16,000 | (15,786) | 5,049 | ||
| Total Funds | 421,936 | 90,913 | (74,102) | 21,525 | 460,272 |
| Other | |||||
|---|---|---|---|---|---|
| Investments | Assets | Total | |||
| 6 | |||||
| Restricted Funds |
2,275 | 2,275 | |||
| Unrestricted | Funds | ||||
| General fund |
5,364 | 5,364 | |||
| Gift ofshares | 244,268 | 12,570 | 256,838 | ||
| Legacies and | In Memoriam | Fund | 133,132 | 133,132 | |
| Total Unrestricted | 377,400 | 17,934 | 395,334 | ||
| Total Funds | 377,400 | 20,209 | 397,609 |
| Analysis of | Net Assets be | tween Fun |
ds forthe year ended | 31 March 2022 | |
|---|---|---|---|---|---|
| Other | |||||
| Investments | Assets | Total | |||
| 6 | |||||
| Restricted Funds |
5,049 | 5,049 | |||
| Unrestricted | Funds | ||||
| General fund | 21,098 | 20,498 | |||
| Gift ofshares | 297,766 | 3,827 | 301,593 | ||
| Legacies and | In Memoriam | Fund | 133,132 | 133,132 | |
| Total Unrestricted | 430,898 | 24,925 | 455,223 | ||
| Total Funds | 430,898 | 29,374 | 460,272 |