2023-03-31-accounts

				Page
Legal and administrative		Information
Description ofthe charity and its organlsatlonal			structure
Statement of trustees'		responsibilities
Public benefit
Trustees' report
Investment managers'		report
Independent auditor's	report			6-6
Statement offinancial	activities			9-10
Balance sheet
Notes to the financial	statements			12-21

Trustees		Trustees are appointed	Trustees are appointed	to	hold office	for	the term shown	the term shown	In brackets:
		Alan Alvsy			(Reappointed			18May 2023)	(4years from May 2023)
		Sean Cullen			(Rsappolnted			18May 2023)	(4years from May 2023)
		Sandra Delsmare			(Reappointed			18May 2023)	(4years from May 2023)
		Christopher Hanison			(Appointed		18May 2023)		(4years from May 2023)
		Pat Hedges			(Retired	28	June 2023)
		Christina James							(5years fmm October 2022)
		Suzanne Elizabeth	Kellett		(Appointed		20June 2023)		(5years from June 2023)
		Simon Lodge			(Retired	18	May 2023)
		Daniel Pools							(5years from September 2021)
		Judith Saxby			(Yics Chair)				(4years from July 2020)
		Jill Tomlin			(Chair)				(5years from July 2019)
Clerk to the Trustees		Yalerie Stewart
Charity number		255778
(England	and Wales)
Address:		7 Drummond Court
		Prospect Place
		Hylhe
		Hampshire
		SO45 6HD
Banker		HSBC Pic
		55Above Bsr Street
		Southampton
		SO14 7DZ
Investment	Manager	Rathbones Investment		Management		Limited
		Fiennes House
		32Southgate Street
		Winchester
		Hampshire
		SO23 9EH
Auditor		Azets Audit Services
		Athenia House
		10-14Andover Road
		Winchester
		Hampshire
		SO237BS

Current Financial Year						Total	Total
			Unrestricted	Restricted	Endowment	Funds	Funds
		Note	Funds 8	Funds 8	Funds	2023f	2022 8
income and endowments	from:
Charitable activities			607	16,519		17,126	17,569
Investmsnts					401,595	401,595	397,597
Total			607	16,519	401,595	418,721	415,166
Expenditure on:
Raising funds		5			37,786	37,786	37,920
Charitable activities		6	423,947	16,519		440,466	344,064
Governance costs		9	25,542			25,542	21,834
Total			449,489	16,519	37,786	503,794	403,818
Net {losses)/gains on investments					(1,071,386)	(1,071,386)	678,852
Net (expenditure)/income			448,882		~707577	~, 1,156,4N	$90,2NI
Transfer between funds		15	494,206		(494,206)
Net movement In funds			45,324		(1,201,783)	(1,156,459)	690,200
Total funds brought forward			173,949		11,463,587	11,637,536	10,947,336
Total funds carried forward			219,273	-	10,261,804	10,481,077	11637,536

Prior Financial Year	Prior Financial Year						Total	Total
				Unrestricted	Restricted	Endowment	Funds	Funds
				Funds	Funds	Funds	2022	2021
			Note	6	6	6		6
Income and endowments		from:
Charitable activities			3	541	17,028		17,569	15,648
Investments			4			397,597	397,597	312,891
Total				541	17,028	397,597	415,166	328,539
Expenditure on:
Raising funds			5			37,920	37,920	37,920
Charitable activities			6	327,036	17,028		344,064	220,394
Governance costs			9	21,834			2'l,834	20,691
Total				348,870	17,028	37,920	403,818	279,005
Net gains/(losses)	on investments		12			678,852	678,852	1,427,435
Net Incomsl(expenditure)				~348,329		1,038,529	690,200	1,476,969
Transfer between funds			15	343,427		(343,427)
Net movement In funds				(4,902)		695,102	690,200	1,476,969
Total funds brought	forward			178,851		10,768,485	10,947,336	9,470,367
Total funds carried forward				173,949		11463,687	11837338	19,947,336

			2023	2022
		Note	8
Fixed assets
Tangible assets		10	88,309	90,021
intangible assets		11	2,360	2,622
investments		12	10,252,756	11,324,142
Total fixed assets			10,343,425	11,416,785
Current assets
Debtors		13	13,836	13,078
Cash at bank and In hand			232,371	266,134
Total current assets			246,207	279,212
Creditors: amounts	falling due within one year	14	~108,555	58,461
Net current assets			137,652	220,751
Total assets less current liabilities			10,481,077	11,637,536
Net assets			10.481,077	11637536.	,
Funds
Endowmentfunds		15	10,261,804	11,463,587
Unrestricted funds		15	219,273	173,949
		15	10,481,0tt	11637,536

NOTES TO THE	NOTES TO THE	FINANCIAL STATEMENTS (CO	FINANCIAL STATEMENTS (CO	FINANCIAL STATEMENTS (CO	NTINUED)
FOR THE YEAR		ENDED 31MARCH 2023
4	Investments						2023		2022
	Income from	listed Investments					398,938		397,535
	Interest receivable						2,657		62
							401,595		397,597
5	Expenditure	on Raising	Funds
	Investment management		costs				37,786		37,920
							37780		37030
								,
6	Expenditure	on Charitable		Activities
				Note
	Gardening scheme						3,204		2,839
	Allotmsnt costs						1,404		1,340
	Grants payable - individuals						181,655		138,129
	Grants payabls - organisations						195,044		151,185
	Supportcosts						59,159		50,571
							440 486		344 064
7	Grants payable -individuals
					2023		2022
					Number		Number
	General				121	105,578	100		62,279
	Education						1		1,500
	Gardening				166	60,525	169		61,111
	Shoe project				518	15,552	441		13,239
					805	181,655	711		138,129

FO	R THE YEAR ENDED 31MARCH 20	23
8	Grants payabls ~orgsnlsations			2023 6		2022 8
	a) SchoolslCollegss/Prsschools Hythe Primary School Wildground Junior School Repayment of grant issued in prior year New Forest Academy Orchard Junior School			6,500 1,030 (3,765) 2,000 2,100		2,000 1,800
	Noadswood School					1,000
	Mulberry Pre School Waterside Primary School Blackfield Primary School Cadland Primary School					5,893 4,708 5,000 25,476
				7865		45877
					,
	b) Youth Fawley Parish Council Handy Trust			3,207 34,000		5,480 22,220
				312D7		27.70D
	c) Community Fawley Rugby and Football Club Families Matter			50,000 25,000		5,000
	The Crossings Hythe United Reform Church Fswley Parish Council Marchwood Community Centre Totton Timber East Boldre Community -New Forest Marchwood Men's Shed	Homes	for Ukraine	10,000 9,900 5,000 5,000 3,826 2,003 1,140
	Waterside Foodbank			1,000
	Fawlsy Events Fawlsy Association Football Club Hyths Pier Heritage			500		500 5,000
	Healthy Haven Garden Oakhavsn Hospice Trust Waterside Gateway Club Waterside Christmas Fire engine NCL Calshot Tower					3,000 2,500 2,000 1,269 7,500
	Thursday Afternoon Short Mat Bowling Club Solent Mind			35,000		1,065 45,733
	Residents Group Charley Ley Court Stop Domestic Abuse					251 1,120
				148369		74938
	d) Medical welfare Wessex Cancer Trust					2,000
	Ags Concern Hampshire HART (Hampshire Art for Recreation Covid Support	and Therapy)		1,000 603		670
				1,603		2,670
	Total grants payable to orgsnlsstions			195044		151,185

Other expenditure con	sists ofMa	nagement and Administration costs	which are allocated as follows:
			2023f	2022f
Support costs			59,159	50,571
Governance costs			25,542	21,834
			84,701	72,405
Management and Administration		costs consist of:
Rent rates and utilitlss			4,355	5,100
Staff costs (sss below)			49,258	44,692
Postage and stationery			2,199	2,185
Computer maintenance	and support		9,820	4,427
Telephone			1,796	1,553
Publicity costs			631	320
Sundry expenses			63	125
Repairs and maintenance			1,357	577
Insurance			1,505	1,503
Auditors' remuneration			11,200	8,000
Recrultmsnt				97
Depreciation and loss	on disposal	of fixed assets	1,974	2,742
Bank charges			239	149
Travel			429	455
SeminarlCourse			(125)	480
			84,701	72,405
Staff costs comprise:
Salaries			44,780	40,629
Defined Contributions	Pension		4,478	4,063
			49 258	44692

FO	R THE YEAR ENDED 31NARCH 2023
10	Tangible Fixed Assets	LonQ
		Leasehold	Office
		Property	equipment	Total
		6	6	E
	Cost:
	At 1 April 2022	110,050	25,503	135,553
	Additions Dieposals		~2lt56	~2D56
	At 31 March 2023	110,050	23,447	133,497
	Depreciation:
	At 1 Aprg 2022 Charge for the year Disposais	22,040 110	23,492 1,602 ~2056	45,532 1,712 ~2000
	At 31 March 2023	22,150	23,038	45,188
	Net BookValue:
	At 31 March 2023	87,900	409	88,309
	At 31 March 2022	88,010	2,011	DD,D21
11	Intangible Fixed Assets
			Software	Total
			6	6
	Cost:
	At 1 April 2022		2,622	2,622
	Additions
	Disposals
	At 31 March 2023		622	2,622
	Amortlsation:
	At 1 April 2022
	Charge for the year		262	262
	Disposals
	At 31 March 2023
	Net BookVaiue:
	At 31 March 2023		2,360	2,360
	At 31 March 2022		2,622	2,622

12	Investments
					2023	2022
					6	6
	Listed				10,174,473	11,244,017
	Cash and settlements	pending	held as part ofthe investment	portfolio	78,283	80,125
					1D252 756	11324142
	Market Value:				f
	Brought forward				11,324,142	10,616,111
	Additions at cost Disposal proceeds Unrealised gains I(losses) Net cash movement Carried forward				1,208,2'I 5 (1,266,373) (1,071,386) ~4,842 10252 756	1,025,007 (863,357) 678,852 ~432,477 11324142
13	Debtors				2023	2022
					2	8
	Debtors due In less	than one	year:
	Accrued income				9,995	9,810
	Preps ymsnts				771	738
	Other debtors and deposits				3,070	2,530
					13 836	1~ DTD
14	Creditors: amounts	falling due within one year
	Accruals				108,555	58,283
	Other					178
					108555	58461

As at 31	March 2	023 th	e Fu	nd h	ad a	nnual commitmsnts under non	wancellable operating leases	as follow	s:
							2023		2022
							2		E
Operating	leases	within	one	year				106		317
Operating	leases	within	two	snd	five	years				106