| LEGAL AND ADMINISTRATIVE | LEGAL AND ADMINISTRATIVE | INFORMATION | INFORMATION | ||||
|---|---|---|---|---|---|---|---|
| FORTHE YEAR ENDED 31ST | MARCH 2023 | ||||||
| Charity name: | Hitchin United Charities | ||||||
| Charity registration | number: | 236308 | |||||
| Charities' | address: | Shilcock House | |||||
| 99Bancroft | |||||||
| Hitchin | |||||||
| SG5 1NQ | |||||||
| Trustees: | Mrs. J.Kirby - Chair | ||||||
| Mr. D.Walmsley - Vice-Chair | |||||||
| Mr. M. Bradly-Russell | |||||||
| Mr. B.Smith | |||||||
| Mrs. J.Joe | |||||||
| Rev. C.Bunce | |||||||
| Mrs. J.Marland | |||||||
| Hertfordshire County |
Council nominated | trustees: | |||||
| Mr. D.Ashley | |||||||
| North Hertfordshire | District Council nominated | trustees: | |||||
| Cllr. T.Tyler | |||||||
| Cllr. RThake | |||||||
| Cllr. I.Albert | |||||||
| Cllr. C Strong | |||||||
| Clerk to | the trustees: | Mr. M. W. Seaman-Hill | |||||
| (Provided by John Shilcock Ltd) | |||||||
| Independent | examiner: | Philip Dean FCA | |||||
| Hicks and Company | |||||||
| First Floor, 99Bancroft | |||||||
| Hitchin | |||||||
| SG5 1NQ | |||||||
| Bankers: | Barclays Bank PLC | ||||||
| 5/6 High Street | |||||||
| Hitchin | |||||||
| SG5 1BJ | |||||||
| Solicitors: | HRJ Foreman Laws | ||||||
| 25 Bancroft | |||||||
| Hitchin | |||||||
| SG5 1JW |
| HITCHIN UNITED CHARITIES | HITCHIN UNITED CHARITIES | HITCHIN UNITED CHARITIES | HITCHIN UNITED CHARITIES | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | |||||||||||
| Incor | oratin | an Income and Ex enditure | Account | ||||||||
| FOR THE | YEAR ENDED 31STMARCH 2023 | ||||||||||
| Note | Unrestricted | Restricted | |||||||||
| Funds | Funds | 2023 | 2022 | ||||||||
| Income | |||||||||||
| Income from charitable | activities: | ||||||||||
| Occupational charges &om |
residents | 102,041 | 102,041 | 110,887 | |||||||
| Investment income: |
|||||||||||
| Dividend income |
5,439 | 5,439 | 5,562 | ||||||||
| Bank interest | 175 | 175 | 8 | ||||||||
| Other interest | |||||||||||
| Rental income | 10,250 | 10,250 | 10,250 | ||||||||
| Other income: | |||||||||||
| Insurance claim |
3,726 | 3,726 | |||||||||
| Total income | 121,631 | 121,631 | 126,707 | ||||||||
| Expenditure | |||||||||||
| Cost ofraising funds: | |||||||||||
| Cost ofcollecting occupational | charges | 6,814 | 6,814 | 7,235 | |||||||
| Investment management |
costs | 2,246 | 2,246 | 2,029 | |||||||
| Expenditure on charitable |
activities: | ||||||||||
| Charitable activities |
145,166 | 145,166 | 76,176 | ||||||||
| Total expenditure | 154,226 | 154,226 | 85,440 | ||||||||
| Net (expenditure)/income | before | gains | (32,595) | (32,595) | 41,267 | ||||||
| Other recognised gains |
and | losses | |||||||||
| (Loss) on revaluations ofproperties |
(2,895,932) | ||||||||||
| (Loss)/gain on revaluation |
ofinvestments | (9,195) | (9,195) | 27,361 | |||||||
| Realised gain on sale ofinvestments | |||||||||||
| Net movement in funds |
(41,790) | (41,790) | (2,827,304) | ||||||||
| Reconciliation offunds |
|||||||||||
| Total funds brought forward | 2,910,526 | 2,910,526 | 5,737,830 | ||||||||
| Total funds carried forward | 12/13 | 2,868,736 | 2,868,736 | 2,910,526 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2023 | 2022 | ||
| Fixed assets | ||||||
| Properties | 2,203,750 | 2,203,750 | 2,203,750 | |||
| Investments | 309,024 | 309,024 | 318,218 | |||
| Total fixed assets | 2,512,774 | 2,512,774 | 2,521,968 | |||
| Current assets |
||||||
| Debtors | 10 | 51,913 | 51,913 | 72,755 | ||
| Cash at bank | 333,302 | 333,302 | 342,994 | |||
| Total current assets | 385,215 | 385,215 | 415,749 | |||
| Current liabilities | ||||||
| Creditors: | ||||||
| Amounts falling due within one year |
29,253 | 29,253 | 27,191 | |||
| Net current | assets | 355,962 | 355,962 | 388,558 | ||
| Net assets | 2,868,736 | 2,868,736 | 2,910,526 | |||
| The funds ofthe charity: | ||||||
| Unrestricted | funds | 12/13 | 2,868,736 | 2,868,736 | 2,910,526 |
| 4. | Income | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|
| Income from charitable | activities: | ||||||
| Occupational charges from |
residents | 102,041 | 110,887 | ||||
| Investment income: |
|||||||
| Dividend income |
5,439 | 5,562 | |||||
| Bank interest | 175 | 8 | |||||
| Other interest | |||||||
| Rental income | 10,250 | 10,250 | |||||
| Other income: | |||||||
| Insurance claim |
3,726 | ||||||
| Total income | 121,631 | 126,707 | |||||
| 5. | Anal sis ofex enditure |
2023 | 2022 | ||||
| Cost ofraising funds: | |||||||
| Cost ofcollecting occupational | charges | 6,$14 | 7,235 | ||||
| Investment management |
costs: | ||||||
| Clerk's salary and expenses | 1,842 | 1,628 | |||||
| Investment transaction |
costs | 404 | 401 | ||||
| 2,246 | 2,029 | ||||||
| Expenditure on charitable |
activities: | ||||||
| Managing agents fees |
6,$14 | 7,235 | |||||
| Gardening and cleaning |
5,726 | 5,404 | |||||
| General rates | 64 | 877 | |||||
| Water rates | 3,779 | 1,972 | |||||
| Electricity | 4,293 | 1,277 | |||||
| Gas | 15,953 | 7,464 | |||||
| Insurance | 10,037 | 8,508 | |||||
| Repairs to properties | 77,071 | 27,664 | |||||
| Alarm control | 564 | 546 | |||||
| Clerk's salary and expenses | 6,829 | 5,927 | |||||
| Legal and professional | fees | 6,449 | 2,436 | ||||
| Sundry expenses | $39 | 710 | |||||
| Grants | |||||||
| Independent examiners |
fee | 6,300 | 5,834 | ||||
| Trustees' insurance |
448 | 322 | |||||
| 145,166 | 76,176 | ||||||
| Total expenditure | 154,226 | 85,440 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| Income | |||||
| Income from charitable | activities: | ||||
| Occupational charges f'rom residents |
110,887 | 110,887 | |||
| Investment income: |
|||||
| Dividend income |
5,562 | 5,562 | |||
| Bank interest | 8 | 8 | |||
| Other interest | |||||
| Rental income | 10,250 | 10,250 | |||
| Other income: | |||||
| Insurance claim |
|||||
| Total income | 126,707 | 126,707 | |||
| Expenditure | |||||
| Cost ofraising funds: | |||||
| Cost ofcollecting occupational | charges | 7,235 | 7,235 | ||
| Investment management |
costs | 2,029 | 2,029 | ||
| Expenditure on charitable activities: |
|||||
| Charitable activities |
76,176 | 76,176 | |||
| Total expenditure | 85,440 | 85,440 | |||
| Net income before gains | 41,267 | 41,267 | |||
| Other recognised gains |
and | losses | |||
| (Loss) on revaluations ofproperties |
(2,895,932) | (2,895,932) | |||
| Gain on revaluation ofinvestments |
27,361 | 27,361 | |||
| Net movement in funds |
(2,827,304) | (2,827,304) | |||
| Reconciliation offunds |
|||||
| Total funds brought forward | 5,737,830 | 5,737,830 | |||
| Total funds carried forward | 2,910,526 | 2,910,526 |
| Creditors: Amounts | Fallin | Due Within One Year | 2023 | 2022 |
|---|---|---|---|---|
| Creditors | 346 | 1,360 | ||
| Rentin advance | 7,177 | 6,882 | ||
| Clerk's salary and expenses | 8,311 | 7,555 | ||
| Other creditors - key | deposits | 100 | 500 | |
| Accruals | 13,319 | 10,894 | ||
| 29,253 | 27,191 |
| Balances | Revaluations | Balances | ||||||
|---|---|---|---|---|---|---|---|---|
| 1stApril | of | Investment | 31stMarch | |||||
| 2022 | Incoming | Outgoing | properties | revaluation | 2023 | |||
| E | ||||||||
| Unrestricted | Funds: | |||||||
| Almshouses | Account | 2,553,872 | 109,637 | (114,236) | (5,201) | 2,544,072 | ||
| Pension Charities | 15,037 | 204 | (149) | 15,092 | ||||
| Eleemosynary | Account | 79,180 | 968 | (709) | 79,439 | |||
| Apprenticeships | 145,645 | 2,320 | (3,067) | 144,898 | ||||
| Pollards Cottage, Pirton | 116,792 | 8,502 | (39,990) | (69) | 85,235 | |||
| 2,910,526 | 121,631 | (154,226) | (9,195) | 2,868,736 | ||||
| Balances | Revaluations | Balances | ||||||
| 1stApril | of | Investment | 31stMarch | |||||
| 2021 | Incoming | Outgoing | properties | revaluation | 2022 | |||
| Unrestricted | Funds: | |||||||
| Almshouses | Account | 5,267,267 | 118,968 | (82,535) | (2,768,506) | 18,678 | 2,553,872 | |
| Pension Charities | 14,497 | 192 | 348 | 15,037 | ||||
| Eleemosynary | Account | 76,613 | 913 | 1,654 | 79,180 | |||
| Apprenticeships | 136,862 | 2,248 | 6,535 | 145,645 | ||||
| Pollards Cottage, Pirton | 242,591 | 4,386 | (2,905) | (127,426) | 146 | 116,792 | ||
| 5,737,830 | 126,707 | (85,440) | (2,895,932) | 27,361 | 2,910,526 |
| Anal sis of |
Assets and Liab | ilities to Funds | |||||
|---|---|---|---|---|---|---|---|
| Net assets | |||||||
| Fixed | assets: | Current | Current | 31stMarch | |||
| Properties | Investments | Bank | assets | liabilities | 2023 | ||
| E | |||||||
| Unrestricted | Funds: | ||||||
| Almshouses | Account | 2,101,250 | 198,623 | 220,414 | 51,551 | (27,766) | 2,544,072 |
| Pension Charities | 5,198 | 9,894 | 15,092 | ||||
| Eleemosynary | Account | 24,688 | 54,751 | 79,439 | |||
| Apprenticeships | 78,757 | 66,141 | 144,898 | ||||
| Pollards Cottage, Pirton | 102,500 | 1,758 | (17,898) | 362 | (1,487) | 85,235 | |
| 2,203,750 | 309,024 | 333,302 | 51,913 | (29,253) | 2,868,736 | ||
| Net assets | |||||||
| Fixed | assets: | Current | Current | 31stMarch | |||
| Properties | Investments | Bank | assets | liabilities | 2022 | ||
| E | |||||||
| Unrestricted | Funds: | ||||||
| Almshouses | Account | 2,101,250 | 203,823 | 202,871 | 72,409 | (26,481) | 2,553,872 |
| Pension Charities | 5,347 | 9,690 | 15,037 | ||||
| Eleemosynary | Account | 25,397 | 53,783 | 79,180 | |||
| Apprenticeships | 81,824 | 63,821 | 145,645 | ||||
| Pollards Cottage, Pirton | 102,500 | 1,827 | 12,829 | 346 | (710) | 116,792 | |
| 2,203,750 | 318,218 | 342,994 | 72,755 | (27,191) | 2,910,526 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | |||
| INCOME | |||
| JOHN KEMP'S - THE BIGGIN | |||
| Dividend income |
101 | 95 | |
| Occupational charges &om residents |
32,830 | 41,193 | |
| 32,931 | 41,288 | ||
| DANIEL WARNER'S CHURCHYARD | |||
| Dividend income |
130 | 122 | |
| Occupational charges &om residents |
27,071 | 31,500 | |
| 27,201 | 31,622 | ||
| JOHN AND RALPH SKYNNERS' - BANCROFT | |||
| Dividend income |
549 | 518 | |
| Dividend income |
183 | 179 | |
| Occupational charges from residents |
37,415 | 33,858 | |
| 38,147 | 34,555 | ||
| ELIZABETH ANN LUCAS' | |||
| Dividend income |
255 | 240 | |
| RANSOM AND SEEBOHM | |||
| Dividend income |
112 | 106 | |
| 98,646 | 107,811 | ||
| BANCROFT CAR PARK | 10,250 | 10,250 | |
| 108,896 | 118,061 | ||
| OTHER INCOME | |||
| Dividend income -Barclays |
594 | 900 | |
| Bank interest - High Interest Account | 147 | 7 | |
| Interest gross - Barclays Income Account | |||
| Interest gross - Barclays Dealing Account | |||
| Other interest | |||
| 741 | 907 | ||
| Total income | 109,637 | 118,968 | |
| EXPENDITURE | |||
| Total expenditure (see attached) |
114,236 | 82,535 | |
| NET INCOME | (4,599) | 36,433 |
| S | CHEDULE A CONTINUED -AL |
MSHOUSES EXPENSES | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Cost ofraising funds: | |||||
| Cost ofcollection occupational | charges | 6,525 | 6,975 | ||
| Investment management |
costs: | ||||
| Clerk's salary and expenses | 1,615 | 1,553 | |||
| Investment transaction |
costs | 404 | 401 | ||
| 2,019 | 1,954 | ||||
| Expenditure on charitable |
activities: | ||||
| Managing agent's fees |
6,525 | 6,975 | |||
| Gardening and cleaning |
5,726 | 5,404 | |||
| General rates | 64 | 877 | |||
| Water rates | 3,443 | 2,186 | |||
| Electricity | 4,293 | 1,277 | |||
| Gas | 15,104 | 6,778 | |||
| Insurance | 9,535 | 8,083 | |||
| Repairs to premises | 44,138 | 26,860 | |||
| Alarm control | 564 | 546 | |||
| Clerk's salary and expenses | 5,923 | 5,626 | |||
| Legal and professional | fees | 3,127 | 2,436 | ||
| Sundry expenses | 839 | 710 | |||
| Independent examiner's |
fee | 5,985 | 5,542 | ||
| Trustees' insurance |
426 | 306 | |||
| 105,692 | 73,606 | ||||
| Total expenditure | 114,236 | 82,535 |
| HITCHIN UNITED CHARITIES FOR THE YEAR ENDED 31STMARCH 2023 |
||||
|---|---|---|---|---|
| SCHEDULE B - PENSION CHARITIES | ||||
| 2023 | 2022 | |||
| INCOME | ||||
| Dividend | income | 204 | 192 | |
| SCHEDULE C - ELEEMOSYNARY ACCOUNT | ||||
| 2023 | 2022 | |||
| INCOME | ||||
| Dividend | income | 965 | 910 | |
| Dividend | income | 3 | 3 | |
| 968 | 913 | |||
| SCHEDULE D - APPRENTICESHIPS | ||||
| 2023 | 2022 | |||
| INCOME | ||||
| Dividend | income | 2,292 | 2,247 | |
| EXPENDITURE | ||||
| Grant | ||||
| NET INCOME/(EXPENDITURE) | 2,292 | 2,247 | ||
| Other comprehensive | income | |||
| Bank interest | 28 | |||
| TOTAL INCOME/(EXPENDITURE) | 2,320 | 2,248 |
| HITCHIN UNITED CHARITIES FOR THE YEAR ENDED 31STMARCH 2023 |
||||||
|---|---|---|---|---|---|---|
| SCHEDULE E - POLLARDS COTTAGES PIRTON | ||||||
| 2023 | 2022 | |||||
| INCOME | ||||||
| Income from charitable activities: |
||||||
| Occupational charges &om |
resident | 4,725 | 4,336 | |||
| Other income: | ||||||
| Insurance claim |
3,726 | |||||
| Investment income: |
||||||
| Dividend income |
51 | 50 | ||||
| Total income | 8,502 | 4,386 | ||||
| EXPENDITURE | ||||||
| Cost ofraising funds: | ||||||
| Cost ofcollecting occupational | charges | 2$9 | 260 | |||
| Investment management |
costs: | |||||
| Clerk's salary and expenses | 227 | 75 | ||||
| 516 | 335 | |||||
| Expenditure on charitable |
activities: | |||||
| Managing agent's fees |
2$9 | 260 | ||||
| Repairs to properties | 32,933 | 804 | ||||
| Water rates | 336 | (214) | ||||
| Gas | 849 | 686 | ||||
| Insurance | 502 | 425 | ||||
| Clerk's salary and expenses | 906 | 301 | ||||
| Independent examiner |
fee | 315 | 292 | |||
| Legal and professional | fees | 3 | 322 | |||
| Trustees' insurance |
22 | 16 | ||||
| 39,474 | 2,570 | |||||
| Total expenditure | 39,990 | 2,905 | ||||
| NET INCOME/(EXPENDITURE) | (31,4$$) | 1,481 | ||||
| SUMMARY OF INCOME OVER EXPENDITURE | ||||||
| SCHEDULE A - ALMSHOUSES ACCOUNT | (4,599) | 36,433 | ||||
| SCHEDULE B - PENSION | CHARITIES | 204 | 192 | |||
| SCHEDULE C - ELEEMOSYNARY ACCOUNT | 968 | 913 | ||||
| SCHEDULE D - APPRENTICESHIPS | 2,320 | 2,248 | ||||
| SCHEDULE E - POLLARDS | COTTAGES, PIRTON | (31,488) | 1,481 | |||
| (32,595) | 41,267 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Dividend | Dividend | ||||
| Share- | Income | Income | |||
| holding | 2023 | 2022 | |||
| No. | E | ||||
| (i) | Almshouses Account |
||||
| John Kemp | 2,887 | 101 | 95 | ||
| Daniel Warner | 3,709 | 130 | 122 | ||
| John and Ralph Skynner | 15,682 | 549 | 518 | ||
| Elizabeth Lucas Charity | 7,282 | 255 | 240 | ||
| Ransom &Seebobm | 3,207 | 112 | 106 | ||
| 32,767 | 1,147 | 1,081 | |||
| (ii) | Pension Account | ||||
| Lucy Allison Carter | 4,052 | 142 | 134 | ||
| Richard Henry Pedder | 771 | 27 | 25 | ||
| Elizabeth Hailey | 996 | 35 | 33 | ||
| 5,819 | 204 | 192 | |||
| (iii) | Eleemosynary Account |
||||
| Arris God&ey and Ewesdin | 1,015 | 27 | 25 | ||
| Arris Godfrey and Ewesdin | 771 | 36 | 34 | ||
| William Chambers | 244 | 9 | 8 | ||
| James Huckle | 15,049 | 527 | 497 | ||
| Joseph Kynges | 147 | 5 | 5 | ||
| Elizabeth Radcliffe | 1,658 | 58 | 55 | ||
| Unknown Donor |
3,599 | 126 | 119 | ||
| Thomas Whittamore | 926 | 32 | 31 | ||
| Ralph Skynner-Byde | 333 | 12 | 11 | ||
| William Dawes | 275 | 10 | 9 | ||
| James Carter | 457 | 16 | 15 | ||
| John Crabble | 217 | 8 | 7 | ||
| Mrs. Leckie | 349 | 12 | 12 | ||
| Eleemosynary account |
2,495 | 87 | 82 | ||
| 27,535 | 965 | 910 | |||
| 66,121 | 2,316 | 2,183 |
| Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Dividend | Dividend | ||||||||
| Share- | Income | Income | |||||||
| holding | 2023 | 2022 | |||||||
| No. | |||||||||
| (i) | Almshouses | Account | |||||||
| Whitehurst | 335 | 183 | 179 | ||||||
| (ii) | Apprenticeships | Account | |||||||
| J.Marson | 2,193 | 1,195 | 1,171 | ||||||
| W. Guyver | 21 | 11 | 11 | ||||||
| Farmer Trust | 929 | 506 | 496 | ||||||
| John Kemp | 331 | 180 | 177 | ||||||
| Accumulation | of | Income | 734 | 400 | 392 | ||||
| 4,208 | 2,292 | 2,247 | |||||||
| (iii) | Eleemosynary | Account | |||||||
| J.Skynner - Free | School | ||||||||
| (iv) | Pollards Cottages Account | ||||||||
| Pollards Cottages | 94 | 51 | 50 | ||||||
| 4,642 | 2,529 | 2,479 | |||||||
| SCHEDULE OF DIVIDEND INCOME FOR SHARES IN | |||||||||
| BARCLAYS UK BALANCED PLUS PORTFOLIO | |||||||||
| Holding | 2023 | 2022 | |||||||
| (i) | Almshouses | Account | |||||||
| Multi Asset | Class and Others | ||||||||
| Barclays UK | Balanced (Income | &Growth) | 137,277.42 | 594 | 900 |