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|||||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||||
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||||||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|
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|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|
##
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##
||||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|
##
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|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|
##
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||||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|