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||||LEGAL AND ADMINISTRATIVE|LEGAL AND ADMINISTRATIVE|LEGAL AND ADMINISTRATIVE|INFORMATION|INFORMATION|
|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31STMARCH 2021|||||
|Charity name:|||Hitchin
United|Charities||||
|Charity registration||number:|236308|||||
|Charities' address:|||Shilcock House|||||
||||99Bancrott|||||
||||Hitchin|||||
||||SGS INQ|||||
|Trustees:|||Mrs. J.Kirby -|Chair||||
||||Mr. D.Walmsley - Vice-Chair|||||
||||Mr. M. Bradly-Russell|||||
||||Mr.B.Smith|||||
||||Mrs. J.Joe|||||
||||Rev. C.Bunce|||||
||||Hertfordshire
County||Council nominated|trustees:||
||||Cllr. D.Ashley|||||
||||North Hertfordshire||District Council nominated||trustees:|
||||Cllr. T.Tyler|||||
||||Cllr. RThake|||||
||||Cllr. I.Albert|||||
||||Cllr. C Strong (From||01-May-21)|||
|Clerk to the|trustees:||Mr. M. W. Seaman-Hill|||||
||||(Provided
by Messrs. John Shilcock)|||||
|Independent|examiner:||Philip Dean FCA|||||
||||Hicks and Company|||||
||||First Floor, 99|Bancrott||||
||||Hitchin|||||
||||SG5 INQ|||||
|Bankers:|||Barclays Bank|PLC||||
||||5/6 High Street|||||
||||Hitchin|||||
||||SG5 IBJ|||||
|Solicitors:|||HRJ Foreman|Laws||||
||||25 Bancrott|||||
||||Hitchin|||||
||||SGS IJW|||||
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||||||HITCHIN UNITED CHARITIES|HITCHIN UNITED CHARITIES|HITCHIN UNITED CHARITIES|HITCHIN UNITED CHARITIES||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||STATEMENT OF FINANCIAL ACTIVITIES||||||||
|||||Inca|oratin|an Income and Ex enditure|||Account|||
|||||FOR THE||YEAR ENDED 31STMARCH 2021||||||
|||||||Note|Unrestricted|Restricted||||
||||||||Funds||Funds|2021|2020|
|Income||||||4|f||f.||f|
|Income from charitable||activities:||||||||||
|Occupational
charges from residents|||||||115,670|||115,670|103,614|
|Investment
income:||||||||||||
|Dividend
income|||||||5,949|||5,949|6,022|
|Bank interest|||||||31|||31|124|
|Other interest||||||||||||
|Rental income|||||||10450|||I0450|10,250|
|Other income:||||||||||||
|Insurance
claim|||||||4,500|||4400||
|Total income|||||||136,400|||136,400|120,010|
|Expenditure||||||||||||
|Cost ofraising funds:||||||||||||
|Cost ofcollecting occupational|||charges||||6,981|||6,981|6,724|
|Investment
management|costs||||||1,852|||1,852|1,839|
|Expenditure
on charitable activities:||||||||||||
|Charitable
activities|||||||64,487|||64,487|104,597|
|Total expenditure|||||||73320|||73320|113.160|
|Net income before gains|||||||63,080|||63,080|6,850|
|Other comprehensive
income||||||||||||
|Farmer Trust bank account brought||||into|account||12,602|||12,602||
|Other recognised
gains|and losses|||||||||||
|Gain/(loss)
on revaluations||of|properties||||||||(449,291)|
|Gain/(loss)
on revaluation||ofinvestments|||||56,773|||56,773|(26,282)|
|Realised gain on sale of|investments|||||||||||
|Net movement
in funds|||||||132,455|||132,455|(468,723)|
|Reconciliation
offunds||||||||||||
|Total funds brought
forward|||||||5,605475|||5,605475|6,074,098|
|Total funds carried forward||||||11/12|5,737,830|||5,737,83II|5,605,375|
|The notes on pages 9 to|13 form part of||||these accounts.|||||||
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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
|||Note|Funds|Funds|2021|2020|
||||f|||f|
|Fixed assets|||||||
|Properties||7|5,099,682||5,099,682|5,099,682|
|Investments||8|290,857||2903157|234,084|
|Total fixed|assets||5490439||5490439|5,333,766|
|Current
assets|||||||
|Debtors|||70442||70442|44,046|
|Cash at bank|||300,708||300,708|250,259|
|Total current assets|||371,250||371350|294,305|
|Current
liabilities|||||||
|Creditors:|||||||
|Amounts
falling due within one year||10|23,959||23,959|22,696|
|Net current|assets||347491||347391|271,609|
|Net assets|||5,737,830||5,737dt30|5,605,375|
|The funds ofthe charityi|||||||
|Unrestricted|funds|II/12|5,737,830||5,737,830|5,605,375|
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||||||FOR THE YEAR ENDED 3|1STMARCH 2021||
|---|---|---|---|---|---|---|---|
|4.|Income|||||2021|2020|
|||||||f|f|
||Income from charitable||activities:|||||
||Occupational
charges from|||residents||115,670|103,614|
||Investment
income:|||||||
||Dividend
income|||||5,949|6,022|
||Bank interest|||||31|124|
||Other interest|||||||
||Rental income|||||10450|10,250|
||Other income:|||||||
||Insurance
claim|||||4,500||
||Total income|||||136,400|IID,DID|
|5.|Anal
sis ofex enditure|||||2021|2020|
||||||||f|
||Cost ofraising funds:|||||||
||Costofcollecting occupational||||charges|6,9$1|6,724|
||Investment
management|||costs:||||
||Clerk's salary and expenses|||||1,504|1,305|
||Investment
transaction|costs||||348|534|
|||||||1,852|1,$39|
||Expenditure
on charitable|||activities:||||
||Managing
agents fees|||||6,981|6,724|
||Gardening
and cleaning|||||2,661|10,433|
||Water rates|||||3,168|239$|
||Electricity|||||936|1,501|
||Gas|||||8,566|7,041|
||Insurance|||||7474|6,444|
||Repairs to properties|||||14,713|52,666|
||Alarm control|||||546|571|
||Clerk's salary and expenses|||||6,018|5,221|
||Legal and professional|fees||||4,026|4,278|
||Donations|||||360||
||Sundry expenses|||||356|806|
||Grants|||||2,100|1,000|
||Independent
examiners||fee|||6460|5,292|
||Trustees'
insurance|||||322|322|
|||||||64,487|104,597|
||Total expenditure|||||73420|113,160|
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|7.|7~ill
ll|dd|The|Skynners|Warner's|||
|---|---|---|---|---|---|---|---|
||||Biggin|Almshouses|Almshouses|Polls rds||
||||Hitchin|Hitchin|Hitchin|Cottage||
||Properties||(i)
f.|(ii)f|(iii)|Pirton|Total
f|
||Valuations
at|31st March 2020|1,908,464|1,593,957|1,367,335|229,926|5,099,682|
||(Decrease)/increase
in valuations|||||||
||Valuations
at|31st March 2021|1,908,464|1,593,957|1467335|229,926|5,099,682|
||(i),(ii) and (iii) are listed buildings||and only useable as almshouses.|||||
|8.|Fixed Asset|Investments||||||
||Quoted Investments|||COIF||Barclays||
|||||Charity|CAIF|Investment||
|||||Fund|Investment
f|Management
f|Totalf|
||Market values at 1st April 2020|||69,391|46,278|118,415|234,084|
||Additions|||||||
||Equalisation|||||||
||Increase/(decrease)
in values|||13,663|10,520|32,590|56,773|
||Market values at 31stMarch 2021|||83,054|56,798|151,005|290,857|
||Historic cost|at 1st April 2020||49,703|40,003|104,341|194,047|
||Equalisation|payment||||||
||Historic cost|at 31st March 2021||49,703|40,003|104341|194,047|
|9.|Debtors|||||2021|2020f|
||Rent in arrears|||||2426|14,986|
||Other debtors|||||61,935|23,$86|
||Prepayments|||||6481|5,174|
|||||||70,542|44.046|
##
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||||||
|---|---|---|---|---|
|Creditors: Amounts|Fallin|Due Within One Year|2021f|2020
f|
|Creditors|||498|584|
|Rent in advance|||6,063|6,30$|
|Clerk's salary and expenses|||7,146|6,527|
|Other creditors|||975|1,000|
|Accruals|||9477|8,277|
||||23,959|22,696|
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|||Balances|||Revaluations|Investment|Balances|
|---|---|---|---|---|---|---|---|
|||1st April|||of|revaluation|31st March|
|||2020
f|Incoming
f|Outgoing
6|properties
6|(losses)|2021
6|
|Unrestricted|Funds:|||||||
|Almshouses|Account|5,170,554|124,222|(66,299)||38,789|5,267,266|
|Pension Charities||13367|204|||926|14,497|
|Eleemosynary|Account|71,251|967|||4,396|76,614|
|Apprenticeships||111,772|14,806|(2,100)||12,385|136,863|
|Pollards Cottage, Pirton||238,431|$,803|(4,921)||277|242,590|
|||5,605,375|149,002|(73,320)||56,773|5,737,830|
|||Balances|||Revaluations|Investment|Balances|
|||1st April|||of|revaluation|31st March|
|||2019
f|Incoming|Outgoing
6|properties
6|(losses)
f|2020f|
|Unrestricted|Funds:|||||||
|Almshouses|Account|5,604,314|112,473|(108,573)|(417,473)|(20,187)|5,170,554|
|Pension Charities||14,045|204|||(882)|13,367|
|Eleemosynary|Account|74,456|96$|||(4,173)|71,251|
|Apprenticeships||111,628|2,161|(1,000)||(1,017)|111,772|
|Pollards Cottage, Pirton||269,655
4,204
6,074,098120,010||(3,587)
(i13,160)|(31,$18)
(449,291)|(23)
(26,282)|238,431
5,605,375|
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||||||||Net assets|
|---|---|---|---|---|---|---|---|
|||Fixed|assets:||Current|Current|31st March|
|||Properties|Investments|Bank|assets|liabilities|2021|
|||f|f|f|f|f|f|
|Unrestricted|Funds:|||||||
|Almshouses|Account|4,869,756|185,146|165,098|70,234|(22967)|5,267,267|
|Pension Charities|||4,999|9,498|||14,497|
|Eleemosynary|Account||23,742|52,871|||76,613|
|Apprenticeships|||75,289|61,573|||136,$62|
|Pollards Cottage, Pirton||229,926|1,6$1|11,668|308|(992)|242,591|
|||5,099,682|290,857|300,708|70,542|)33.959)|5,737,II39|
||||||||Net assets|
|||Fixed|assets:||Current|Current|31st March|
|||Properties|Investments|Bank|assets|liabilities|2020|
|||f|||||f|
|Unrestricted|Funds:|||||||
|Almshouses|Account|4,869,756|146,357|132,573|43,793|(21,924)|5,170,555|
|Pension Charities|||4,073|9,294|||13,367|
|Eleemosynary|Account||19,346|51,904|||71,250|
|Apprenticeships|||62,904|4$,867|||111,771|
|Pollards Cottage, Pirton||229,926|1,404|7,621|253|(772)|238,432|
|||5,099,682|234,084|250,259|44,046|(22,696)|5,605,375|