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|---|---|---|---|---|
|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|
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|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||||||||
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|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|
##
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|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|
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||||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||
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|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|
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|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|
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|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|
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|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|
##
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|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|
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|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|