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|TENTS|||
|---|---|---|
|||Page|
|Directors' and Trustees'
report||1 —15|
|Auditors'
report||16-18|
|Statement offinancial|activities||
|and income 8 expenditure
account||19|
|Balance sheet||20|
|Cash flow statement||21|
|Notes to the financial|statements|22- 32|
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|Company|number|number|1450892||
|---|---|---|---|---|
|Registered|charity number||278720||
|Scottish charity||number|SCO39512||
|Registered|office||10Wellesley Terrace||
||||London
N1 7NA||
|Auditor|||Rouse Audit LLP||
||||55Station Road||
||||Beaconsfield||
||||Bucks||
||||HP9 1QL||
|Banks|||HSBC Bank pic||
||||Kensington
&Chelsea Commercial|Banking Centre|
||||Heathrow
House||
||||785 Bath Road||
||||Cranford,
Middlesex TW5 9AT||
||||Royal Bank ofScotland||
||||Charities 8 Not for Profit Sector||
||||6'"Floor, 1 Princes Street||
||||London EC2R 8BP||
|Solicitor|||Ann C. Bennett||
||||2 Chelsea Embankment||
||||London||
||||SW3 4LG||
|Chief Executive||Officer|Maria Alvarez de Toledo||
|Chief Finance Officer|||Isabel Abad||
|Directors„who||are also trustees|Ann Catherine
Bennett (Chair)||
||||Mary Mulhall||
||||Marta Sauri||
||||Vivian Chinwe
Nzewi||
||||Anna Burbidge||
||||Elena Cardenal||
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|||||Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|8|6|
|income||||||
|Donations
and|Legacies|||684,309|759,144|
|Charitable
Activities||||S46,61S|578,835|
|HMRC furlough|grant||||39,313|
|Other Trading|Activities|||46,475|79,378|
|Investments||||35,073|8,067|
|Other income,|exchange|rate vadiance|||80,676|
|Total||||1,612,475|1,545,413|
|endlture on:||||||
|Chaditable
activities||||1,324,572|1,089,521|
|Exchange Rate Variance||||48,824||
|||||1,373,396|1,089,521|
|Total|||6,7|||
|Operating
Profit||||239,079|455,892|
|Profit on sale ofassets|||||2,148,119|
|Net movement|in funds|||239,079|2,604,011|
|Fund Balances|At 1 January 2022|||20,721,365|18,117,354|
|Fund Balances At 31 December 2022||||20,960,444|20,721,365|
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Tangible assets|||14||18,432,803||12,294,673|
|Assets under construction|||19||399,341|||
|Current assets||||||||
|Debtors: amounts
falling due within one
year||||||29,803||
|Loan to PACT falling
year|due within one||15|253,500||||
|Other debtors falling
year|due within one||15,19|||6,142,543||
|Loan to PACT falling
than one year|due atter more||15|520.000||773.500||
|Cash at bank and in hand|||23|3,485,206||3,984,776||
|||||4,319,079||10,930,622||
|Creditors: amounts
one year|falling due within|||||(1,747,528)||
|Net current assets|||||2,933,526||9,183,094|
|Total assets less current liabilities|||||21,765,670||21,477,767|
|Creditors: amounts
more than one year|falling due after||||(805,226)||(756,402)|
|Funds|||18||20,960,444||20,721,365|
|Unrestricted||||||||
|General
Fund|||||2,527,641||8,426,692|
|Designated
Fund|||||18,432,803||12,294,673|
||||||20,960,444||20,721,365|
|The notes on pages 22to 32 form part||ofthese accounts.||||||
|Approved
by the Board and authorised||for|issue on||q
ooo|||
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||||2022|2021||
|---|---|---|---|---|---|
|||Notes||||
|Net cash flows from operating
activities||21|556,453||717,634|
|Cash flows from investing|activities|||||
|Purchase ofproperty,
plant and
equipment|||(314,755)|(200,058)||
|Proceeds from sale ofassets||||2,282,134||
|Payments
to acquire tangible|assets||(399,341)|||
|Interest received|||35,073|8,067||
|PACT loan repayment||||253,500||
|Net cash flows from investing
activities|||(679,023)||2,343,643|
|Cash flows from financing|activities|||||
|New short-term
loans|||9,000|380,900||
|Repayment
ofshort-term
loans|||(26,000)|(9,181)||
|New long-term
loans||||||
|Repayment
oflong-term
non|secured|||||
|loans|||(360,000)|(781,027)||
|Interest paid||||(3,716)||
|Net cash flows from financing
activities|||(377,000)||(413,024)|
|Net increase/(decrease)
in|cash and|||||
|cash equivalents
in the year|||(499,570)||2,648,253|
|Cash and cash equivalent
at
beginning
ofthe year|the|22|3,984,776||1,336,523|
|Cash and cash equivalents
at the end of
the year||22|3,485,206||3,984,776|
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||DHEF|Ashwell|Hazelwood|Total|Total|
|---|---|---|---|---|---|
|||House||2022|2021|
|Fees|1,148|446,795|212,776|662,719|386,203|
|Contributions|149,996|31,119|2,764|183,899|192.632|
|Covid Grants|||||39,313|
|Unrestricted|151,144|479,914|215,560|846,618|618,148|
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|6.Analysis ofexpenditure|6.Analysis ofexpenditure|6.Analysis ofexpenditure|on charitable|activities||||
|---|---|---|---|---|---|---|---|
|||||DHEF|Ashwefi|Hazelwood|Total|
||||||House||2022|
|Activities undertaken||directly||323,915|361,179|116,062|801,156|
|Grants to other charities||||132,544|||132,544|
|Supportcosts||||273,610|58,631|56,631|390,872|
|||||730,069|419,810|174,693|1,324,572|
|Governance|8Su|ort costs||||||
|Head oflice salary costs||||49,438|10,594|10,594|70,626|
|Head office &insurance costs||||42,750|9,151|9,161|61,072|
|Interest Paid||||572|123|123|818|
|Depreciation||||169,930|36,413|36,413|242,756|
|Governance||||10,920|2,340|2,340|15,600|
|||||273,610|58,631|58,631|390,872|
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||||DHEF|Ashwell|Hazelwood|Total|
|---|---|---|---|---|---|---|
|||||House|||
|Costs|||(323,915)|(361,179)|(116,062)|(801,156)|
|Fees|||151,144|479,914|215,560|846,618|
|Net cost funded
from other|||||||
|income|||(172,771)|118,735|99,498|45,462|
|8.|Interest Payable||||||
||||||2022|2021|
|Interest|payable on non-secured|loans||||3,716|
|9.|Net income/(expenditure)|for the year|||||
|This is stated after expenses I(income) of:|||||2022|2021|
|Depreciation
oftangib(e assets|||||319,167|249,127|
|Audit fee|||||15,600|14,400|
|Interest|payable|||||3,716|
|Foreign|exchange loss (gain)||||48,824|(80,676)|
|10.|Taxation||||||
|1.
Grants paid out|||
|---|---|---|
||2022|2021|
|Paid to institutions|58,239|60,033|
|PACT Grant Paid|74,305|41,442|
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||||2022|2021|
|---|---|---|---|---|
|Delivery of charitable||activities|18|22|
|Management|and administration||5|4|
||||23|26|
||||2022|2021|
||||8|K|
|Wages and salaries|||420,448|332,773|
|Social security|costs||34,017|7,767|
|Pension costs|||15,813|12,425|
||||470,278|352,965|
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|||2022|2021|||
|---|---|---|---|---|---|
|||6||||
|Clark Marjory||1,500||||
|Mulhall J||750||||
|MA Mulhall|||100|||
|14.
Tangible fixed assets for use by||the charity||||
|||Land and|Fixtures||Total|
|||buildings|fittings 8|||
|||freehold|equipment|||
|||8|6|||
|Cost||||||
|At 1 January|2022|13,781,672|1,985,237||15,766,909|
|Additions||6,191,420|265,877||6,457,297|
|Disposals||||||
|At 31 December 2022||19,973,092|2,251,114||22,224,206|
|Depreciation||||||
|At 1 January|2022|2,424,271|1,047,965||3,472,236|
|Charge for the year||165,622|153,545||319,167|
|Depreciation|on disposal|||||
|At 31 December 2022||2,589,893|1,201,510||3,791,403|
|Net book value||||||
|At 31 December 2022||17,383,209|1,049,604||18,432,803|
|At 31 December 2021||11,357,401|937,272||12,294,673|
|15.
Debtors||||||
||||2022|2021||
||||6|6||
|Tex recoverable|||8,892|6,241||
|Other debtors|||51,481|23,563||
|Loan to PACT|||773,500|773,500||
|Deposits and|shortfalls (see note 19)|||6,142,543||
||||833,873|6,945,846||
##
|||||||2022|2021||
|---|---|---|---|---|---|---|---|---|
|Loan to PACT||||||520,000|773,500||
|16.
Creditors: amounts||||falling due within one||year|||
|||||||2022|2021||
||||||||6||
|Bank and other|loans||||||||
|Concessionary|loans||||1,318,073||1,695,073||
|Taxation and social security||||||3,061|2,350||
|Other creditors|and accruals|||||64,419|50,105||
||||||1,385,553||1,747,528||
|All the loans are|unsecured||loans.||||||
|17.
Creditors:|amounts||falling due||after more than one year||||
||||||||2022|2021|
||||||||f||
|Otherloans|||||||||
|Concessionary|loans||||||805,226|756,402|
|Analysis ofloans|||||||||
|Not wholly repayable||within||five years|by instalments||106,676|82,352|
|Wholly repayable
within five||||years|||2,016,623|2,369,123|
|Included
in current
liabilities|||||||2,123,299
~1,318,933)|2,451,475
~1695933,|
||||||||805,226|756,402|
|Loan maturity|analysis||||||||
|Between two and five||years|||||698,550|674,050|
|In five years or|more||||||106,676|82,352|
##
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|Unrestricted|Funds|1 January|Income|Expenditure|Transfers|31 December|
|---|---|---|---|---|---|---|
|||2022||||2022|
|General|||||||
|Fund||8,426,692|1,612,475|(1,373,396)|(6,138,130)|2,527,641|
|Designated||12,294,673|||6,138,130|18,432,803|
|||20,721,365|1,612,475|(1,373,396)||20,960,444|
##
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||||Unrestricted|Designated|Total|
|---|---|---|---|---|---|
||||Funds|Funds|Funds|
|Analysis ofnet assets between||funds||||
|Tangible fixed assets||||18,832,144|18,832,144|
|Current assets|||4,319,079||4,319,079|
|Creditors: amounts|failing due|||||
|within one year|||(1,385,553)||(1,385,553)|
|Creditors: amounts|falling due|||||
|after one year|||(805,226)||(805,226)|
|Total net assets|||2,128,300|18,832,144|20,960,444|
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|||||2022|2021|
|---|---|---|---|---|---|
|Operating
profit||||239,079|455,892|
|Depreciation
oftangible||assets||319,167|249,127|
|Interest receivable||||(35,073)|(8,067)|
|Interest payable|||||3,716|
|Decrease/(Increase)|in|debtors||(30,569)|121,428|
|Increase
in /(decrease)||in creditors||15,025|(23,786)|
|Foreign exchange|loss|||48,824|(80,676)|
|Net cash (outflow)/inflow||from operating|activities|556,453|717,634|
##
|2.
Analysis ofcash and cash equivalents|||
|---|---|---|
||2022|2021|
||8|f:|
|Cash in hand|2,325,206|3,574,776|
|On deposit|1,160,000|410,000|
|Total cash and cash equivalents|3,485,206|3,984,776|