| Trustees | M Iredale | |||||||
|---|---|---|---|---|---|---|---|---|
| D P MAllen | ||||||||
| P M Jackson | ||||||||
| KJ RJones | ||||||||
| I Mantle | ||||||||
| MR Muir | ||||||||
| LA Needham, | Chairperson | |||||||
| CARogers | ||||||||
| C Sparshott, | Treasurer | |||||||
| JAWilliams | ||||||||
| P C Weeder | (Appointed | 16March 2023) | ||||||
| Secretary | SJenkins | |||||||
| Charity number | 273336 | |||||||
| Company | number | 00135234 | ||||||
| Principal address | 5 Gernon Walk |
|||||||
| Letchworth | Garden | City | ||||||
| Hertfordshire | ||||||||
| SG6 3HW | ||||||||
| Registered | office | PO Box501 | ||||||
| The Nexus | Building | |||||||
| Broadway | ||||||||
| Letchworth | Garden | City | ||||||
| Herts | ||||||||
| SG6 9BL | ||||||||
| Independent | examiner | UHY Hacker Young | ||||||
| PO Box 501 | ||||||||
| The Nexus | Building | |||||||
| Broadway | ||||||||
| Letchworth | Garden | City | ||||||
| Herts | ||||||||
| SG6 9BL |
| Page | ||
|---|---|---|
| Trustees' report |
||
| Independent examiner's |
report | |
| Statement offinancial activities | ||
| Balance sheet | ||
| Notes to the financial statements |
| Unrestricted | Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2023 | 2022 | |||||
| Notes | ||||||
| Income from: | ||||||
| Donations and |
legacies | 15,000 | ||||
| investments | 107,151 | 95,031 | ||||
| Total income | 107,151 | 110,031 | ||||
| Ex enditure on: | ||||||
| Charitable activities |
76,553 | 94,827 | ||||
| Net gains/(losses) | on investments | (35,501) | (8,167) | |||
| Net movement | in | funds | (4,903) | 7,037 | ||
| Fund balances | at 1 July 2022 | 'l,128,836 | 1,121,799 | |||
| Fund balances | at | 30June 2023 | 1,123,933 | 1,128,836 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | R | |||||
| Fixed assets | ||||||
| Investments | 10 | 902,077 | 937,578 | |||
| Current assets | ||||||
| Debtors | 12 | 130 | ||||
| Cash at bank and in | hand | 224,318 | 194,558 | |||
| 224,448 | 194,558 | |||||
| Creditors: amounts | falling due within | |||||
| one year | (2,592) | (3,300) | ||||
| Net current assets | 221,856 | 191,258 | ||||
| Total assets less current liabilities | 1,123,933 | 1,128,836 | ||||
| income funds | ||||||
| Unrestricted funds |
1,123,933 | 1,128,836 | ||||
| 1,123,933 | 1,128,836 |
| Total | Unrestricted |
|---|---|
| funds | |
| 2023 | 2022 |
| f. | |
| 15,000 |
| Unrestricted | Unrestricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2023 | 2022 | ||||||
| Letchworth | Housing | Investments | Limited | 86,940 | 77,760 | ||
| COIF Charities | Investment | Fund | 3,464 | 3,417 | |||
| Chadfund | 15,025 | 13,772 | |||||
| Interest receivable | 1,722 | 82 | |||||
| 107,151 | 95,031 |
| 2023 | 2022 | |
|---|---|---|
| E | E | |
| Honorarium | 3,000 | 3,000 |
| Office expenses | 1,500 | 1,500 |
| Bank charges | 128 | 175 |
| General expenses | 307 | 790 |
| 4,935 | 5,465 | |
| Grant funding ofactivities (see note 6) | 68,884 | 84,607 |
| Governance costs - Audit and accountancy | 2,734 | 4,755 |
| 76,553 | 94,827 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Grants to institutions: | |||||
| Local schools | 9,129 | 41,337 | |||
| Friends of Norton Common | 500 | ||||
| Dance Academy | 1,000 | ||||
| NHDC Citizens Advice | Bureau | 5,000 | 5,000 | ||
| Letchworth Garden City Eagles |
500 | ||||
| North Herts Speakers | 300 | ||||
| Wymondley Wood Scout Group |
12,000 | ||||
| Make Lunch Letchworth | 500 | ||||
| 26,929 | 48,337 | ||||
| 81 University students |
received average grants of6500for educational | learning | |||
| materials | 40,500 | 31,500 | |||
| 5 individuals received average grants of6400 for educational, |
medical or sporting | ||||
| support 4 individuals received an average off364for miscellaneous |
local grants | 1,455 | 2,000 2,770 |
||
| 68,884 | 84,607 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| 9 | Net gain | s/(losses) on investments |
|||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2023 | 2022 | ||||
| Revaluation ofinvestments |
(35,501) | (8,167) | |||
| 10 | Fixed asset investments | ||||
| Listed | Unlisted | Total | |||
| investments | investments | ||||
| Cost or | valuation | ||||
| At 1 July | 2022 | 467,578 | 470,000 | 937,578 | |
| Valuation | changes | (10,501) | (25,000) | (35,501) | |
| At 30June 2023 | 457,077 | 445,000 | 802,077 | ||
| Carrying | amount | ||||
| At 30June 2023 | 457,077 | 445,000 | 802,077 | ||
| At 30June 2022 | 467,578 | 470,000 | 837,578 |
| f294,905 | (2022 - 229 | 4,905). | |||
|---|---|---|---|---|---|
| Financial | instruments | 2023 | 2022 | ||
| f. | |||||
| Carrying | amount of | financial assets | |||
| Instruments measured |
at fair value through | profit or loss | 902,077 | 937,578 | |
| Debtors | |||||
| 2023 | 2022 | ||||
| Amounts | falling due | within one year: | F | K | |
| Prepayments and accrued income |
130 |
| 13 | Creditors: amounts | falling due within one year | falling due within one year | ||
|---|---|---|---|---|---|
| 2023f | 2022 | ||||
| Trade creditors | 900 | ||||
| Accruals and deferred | income | 2,592 | 2,400 | ||
| 2,592 | 3,300 | ||||
| 14 | Analysis of net assets between funds | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2023 | 2022 | ||||
| K | f. | ||||
| Fund balances at 30 | June 2023 are represented | by: | |||
| investments | 902,077 | 937,578 | |||
| Current assets/(liabilities) | 221,856 | 191,258 | |||
| 1,123,933 | 1,128,836 |