REGISTERED CHARITY NUMBER: 0289171
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
How Hill Trust
East Coast Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR31 8TX
How Hill Trust
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Chairman's Report | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
How Hill Trust
Chairman's Report for the Year Ended 31 December 2021
This year has, understandably, been overshadowed by the pandemic. We thought last year was bad, but 2021 has seen a complete year without residential guests at How Hill. Restrictions were gradually lifted during the year, enabling us to run our 'table service' tea room during the summer months bringing in much needed revenue.
Staff continued to be furloughed during most of the year, and this, like last year, was crucial in being able to retain our staff.
Due to the lack of residential visitors, the Trustees took the decision to put en suites onto all our bedrooms. There were many reasons behind this decision, not least that adult visitor numbers had been declining over the past twenty-five years - mainly due to changing expectations such as en suite rooms - and the Trust really needed to increase occupancy when schools are not in residency.
The work, due to building staff contracting covid together with the seemingly worldwide problems associated with getting hold of building supplies, meant that the work is taking rather longer than initially expected. Indeed, the work was expected to be completed by the end of the year but is now not anticipated to finish until the beginning of 2022. I must put on record my thanks to Soter SMS Ltd who have been extremely professional throughout very difficult conditions in the building trade.
Despite the sizeable financial investment, I am convinced this has 'futureproofed' the Trust for many years to come and, looking at next year's bookings, the future is very positive indeed.
As always, I must thank my fellow trustees for all their help and support during the year. Equally, my thanks must go to all our staff who have not had an easy year!
01/10/2022
Page 1
How Hill Trust
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Objectives of the Charity
The primary objective of the Trust is to promote, maintain , improve and advance public education in the broadlands by the provision of educational facilities at How Hill in Norfolk and the conservation of the How Hill House for the benefit of the public
Public benefit
The Trustees have taken due regard to the information published by the Charity Commission on Public Benefit. The range of Public Benefits provided by the How Hill Trust includes the following;
Heritage;
How Hill House is a prominent landmark at the heart of the Broads which is very much cherished by the public. The Trustees undertake to maintain this building and its grounds for the good of the community.
Recreational access;
How Hill Trust provides a free access point for walkers, boaters and other casual visitors at all times and on every day of the year. The Trust makes no charge for this provision. The Trust also provides unrestricted free car parking and access to the extensive, regularly mown, "Fisherman's Field", a large open space which is made available without constraint for picnics, kite flying, dog walking, ball games and other informal recreation.This area also leads to waterside paths where the public may freely walk and enjoy the exterior views of three contrasting Broadland drainage windmills, as well as angling in the river. The "Fisherman's Field" is used freely almost every day by groups visiting the Broads by river, particularly disabled children brought from Neatishead by the Nancy Oldfield Trust. Public toilet facilities are provided during daylight hours throughout this period, and this facility is cleaned and serviced.
Education;
The Trust's central role, enshrined in its Trust Deed, is the provision of residential environmental educational courses for schoolchildren, there is no restriction as to age or ability of pupils, ethnic or geographic origin,creed or class. All the courses which the Trust offers may be subsidised if required.
Adult courses;
The Trust offers a number of adult courses, which are also open to anyone regardless of background or ability.
Information for Schools and Schoolchildren;
The Trust provides, at no charge, an unlimited advisory and information services for children, students or teachers who may request information on any topic associated with the Trust's work, in particular with respect to the Broadland environment. Occasionally the Trust is asked by members of the public to provide a more general conservation and natural history service, and this is also provided free of charge.
Achievements and performance;
The Trust derives a significant proportion of its income from the charges made for courses, as well as from open days and sundry sales. Income is also derived from donations and grants, details of which are given in the accounts. The costs of running How Hill are under constant review, but inevitably repairs and maintenance of this thatched listed building take a high priority. A further review of the Trust's activities is given in the Chairman's statement.
Page 2
How Hill Trust
Report of the Trustees for the Year Ended 31 December 2021
FINANCIAL REVIEW
Investment policy and objectives
The Trustees have determined that all investment decisions will be taken by the entire Board of Trustees and not delegated to any individual officer or agent.. The Trustees review investments at any meeting and will in any case review all investments annually. They seek advice from outside agencies, advisers or brokers but will not delegate responsibility to them. The Trustees will at all times exercise caution and discretion in their choice of investments and will seek stability and balance through proven investment vehicles.
Reserves policy
The charity's free reserves ( represented by cash balances, stocks, debtors less creditors in unrestricted funds) at 31st December 2021 were in surplus by £244,643 ( 2020 were in surplus by £412,414) . The Trustees recognise the need to maintain a certain level of reserves in order to have funds available for major repairs and maintenance. It is their intention to build up the charity's free reserves to the equivalent of four months operating expenditure which would amount to approximately £100,000. The Trustees are constantly aware of the need to protect and maintain How Hill, the Trust's sole property. As an important listed building, more than a century old, with a substantial thatched roof, future maintenance of the house will require considerable resources to be expended.
FUTURE PLANS
After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Throughout this document, any reference to How Hill shall be construed to mean the enterprise operated by the How Hill Trust, including How Hill House, its grounds and gardens, and leased domain, situated in the hamlet of How Hill at Ludham in the County of Norfolk , in distinction to any other property situated in the same area of the Parish of Ludham
Governing document and history
The Trust is a registered charity ( registered number 289171), created under a deed dated 21 February 1984
Recruitment and appointment of new trustees
Trustees shall be persons who through residence, occupation, employment or otherwise have special knowledge of the area of benefit or who are otherwise able by virtue of their personal or professional qualifications to make a contribution to the pursuit of the objects or management os the charity. The Trustees have the power to appoint new Trustees
Organisational structure
The Trustees meet quarterly and the director of the Trust reports directly and fully to their meetings. In addition, an Executive Committee of the Chairman, Vice Chairman and Director meet on a regular basis. Day to day management, including recruitment and control of staff, is entirely devolved to the Director.
The Trustees have established a Finance Committee which comprises three Trustees and the Director and are able to provide guidance and assistance to the Board in all matters relating to budgeting and finance. The Committee meets three times a year and reports to the Board
Induction and training of new trustees
All new Trustees will be provided with;
The Trust Deed of the charity The latest accounts of the charity
Details of the Charity Commission publication - The Essential Trustee "What you need to know"
In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
The Trustees who held office throughout the year are listed on page 4. Changes in the year are also noted on page 4
Page 3
How Hill Trust
for the Year Ended 31 December 2021
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
0289171
Principal address
How Hill Ludham Norfolk
Trustees
N Price FRICS D Hopkins MA Dr K Bacon M Flett T Harper Prof. T Jickells R Batson
Independent Examiner
East Coast Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR31 8TX
Advisers
Honorary Environmental Consultant; Professor T O'Riordan MA,MSc,PhD,FBA,DL
PLANS FOR FUTURE PERIODS
The Trust will continue to work with schools to ensure our education "offer" is appropriate and cost effective. Income generation to support the core environmental education work will continue to expand.
01/10/2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ N Price FRICS - Trustee
Page 4
Independent Examiner's Report to the Trustees of How Hill Trust
Independent examiner's report to the trustees of How Hill Trust
I report to the charity trustees on my examination of the accounts of How Hill Trust (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Fellow of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sue Rolfe MA.FCA Fellow of ICAEW East Coast Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR31 8TX
Date: .............................................
Page 5
How Hill Trust
Statement of Financial Activities for the Year Ended 31 December 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Incoming resources from charitable activities Other trading activities 2 Investment income 3 Other income Total EXPENDITURE ON Raising funds Charitable activities Costs of charitable activities Total Net gains on investments NET INCOME/(EXPENDITURE) Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 75,972 2,966 47,283 5,851 130,959 263,031 3,798 269,654 273,452 16,199 5,778 6,949 12,727 1,171,663 1,184,390 |
Restricted funds £ - - - - - - - - - - - (6,949) (6,949) 10,887 3,938 |
31.12.21 Total funds £ 75,972 2,966 47,283 5,851 130,959 263,031 3,798 269,654 273,452 16,199 5,778 - 5,778 1,182,550 1,188,328 |
31.12.20 Total funds £ 103,665 59,645 2,631 5,073 114,111 285,125 430 324,496 324,926 9,275 (30,526) - (30,526) 1,213,076 1,182,550 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
How Hill Trust
Balance Sheet 31 December 2021
| Notes FIXED ASSETS Tangible assets 7 Heritage assets 8 CURRENT ASSETS Stocks 9 Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 11,377 928,370 939,747 6,765 8,906 323,106 338,777 (94,134) 244,643 1,184,390 1,184,390 |
Restricted funds £ 2,350 - 2,350 - - 1,588 1,588 - 1,588 3,938 3,938 |
31.12.21 Total funds £ 13,727 928,370 942,097 6,765 8,906 324,694 340,365 (94,134) 246,231 1,188,328 1,188,328 1,184,390 3,938 1,188,328 |
31.12.20 Total funds £ 18,548 750,000 768,548 6,065 8,554 455,013 469,632 (55,630) 414,002 1,182,550 1,182,550 1,171,663 10,887 1,182,550 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 01/10/2022 ............................................. and were signed on its behalf by:
.............................................
N Price FRICS - Trustee
The notes form part of these financial statements
Page 7
How Hill Trust
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Direct costs attributable to a single activity are allocated directly to that activity on an actual basis. Shared costs which contribute directly to more than one activity are apportioned between those activities based on the time spent by the relevant staff members.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Other assets - 25% on cost Living Marshes Building - 25% on cost Other equipment - 25% on cost Motor vehicles - 25% on cost Computer and office equipment - 33% on cost and 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 8
How Hill Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
2. OTHER TRADING ACTIVITIES
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| £ | £ | ||
| Shop income | 1,452 | 2,631 | |
| Tea room income | 45,831 | - | |
| 47,283 | 2,631 | ||
| 3. | INVESTMENT INCOME | ||
| Dividends received | 31.12.21 £ 5,136 |
31.12.20 £ 3,059 |
|
| Deposit account interest | 715 | 2,014 | |
| 5,851 | 5,073 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Support staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 103,665 Charitable activities Incoming resources from charitable activities 59,645 Other trading activities 2,631 Investment income 5,073 Other income 114,111 Total 285,125 EXPENDITURE ON Raising funds 430 |
31.12.21 11 Restricted funds £ - - - - - - - |
31.12.20 12 Total funds £ 103,665 59,645 2,631 5,073 114,111 285,125 430 |
|---|---|---|
continued...
Page 9
How Hill Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Charitable activities Costs of charitable activities Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
ACTIVITIES Unrestricted funds £ 315,135 315,565 9,275 (21,165) 1,192,828 1,171,663 Other assets £ 103,598 10,901 114,499 101,599 4,453 106,052 8,447 1,999 |
- | continued Restricted funds £ 9,361 9,361 - (9,361) 20,248 10,887 Living Marshes Building £ 61,967 - 61,967 61,967 - 61,967 - - |
Total funds £ 324,496 324,926 9,275 (30,526) 1,213,076 1,182,550 Other equipment £ 152,463 - 152,463 136,442 10,913 147,355 5,108 16,021 |
|---|---|---|---|---|
continued...
Page 10
How Hill Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. TANGIBLE FIXED ASSETS - continued
| COST At 1 January 2021 Additions At 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Computer and Motor office vehicles equipment £ £ 3,300 51,935 - - 3,300 51,935 3,300 51,406 - 357 3,300 51,763 - 172 - 529 |
Totals £ 373,263 10,901 384,164 354,714 15,723 370,437 13,727 18,549 |
|---|---|---|
8. HERITAGE ASSETS
The Trust has designated How Hill as a heritage asset as it is an asset of historical importance that is held to advance the preservation and conservation objectives of the Trust. The very long expected life of the property , due to it's nature, value and need to be protected and preserved means that depreciation is not material and will, therefore, not be provided.
9. STOCKS
10.
| Stocks | 31.12.21 £ 6,765 |
31.12.20 £ 6,065 |
|---|---|---|
| DEBTORS | ||
| Amounts falling due within one year: | 31.12.21 £ |
31.12.20 £ |
| Trade debtors | 144 | - |
| Prepayments | 7,845 | 7,622 |
| 7,989 | 7,622 | |
| Amounts falling due after more than one year: | ||
| Other debtors | 917 | 932 |
| Aggregate amounts | 8,906 | 8,554 |
continued...
Page 11
How Hill Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts (see note 12) | 45,300 | 50,000 |
| Trade creditors | 304 | 272 |
| Taxation and social security | 4,439 | 3,852 |
| Other creditors | 44,091 | 1,506 |
| 94,134 | 55,630 | |
| LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
31.12.21 £ 45,300 |
31.12.20 £ 50,000 |
12. LOANS
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Property Fund ( designated) Restricted funds Norman Foundation for the replacement boat and future repairs TOTAL FUNDS Net movement in funds, included in the above ar Unrestricted funds General fund TOTAL FUNDS |
At 1.1.21 £ 421,663 750,000 1,171,663 10,887 1,182,550 e as follows: Incoming resources £ 263,031 263,031 |
Net movement in funds £ 5,778 - 5,778 - 5,778 Resources expended £ (273,452) (273,452) |
Transfers between funds £ (171,421) 178,370 6,949 (6,949) - Gains and losses £ 16,199 16,199 |
At 31.12.21 £ 256,020 928,370 1,184,390 3,938 1,188,328 Movement in funds £ 5,778 5,778 |
||
|---|---|---|---|---|---|---|
continued...
Page 12
How Hill Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 442,828 Property Fund ( designated) 750,000 1,192,828 Restricted funds Norman Foundation for the replacement boat and future repairs 20,248 TOTAL FUNDS 1,213,076 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 285,125 (315,565) Restricted funds Norman Foundation for the replacement boat and future repairs - (9,361) TOTAL FUNDS 285,125 (324,926) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.1.20 in funds £ £ Unrestricted funds General fund 442,828 (15,387) Property Fund ( designated) 750,000 - 1,192,828 (15,387) Restricted funds Norman Foundation for the replacement boat and future repairs 20,248 (9,361) TOTAL FUNDS 1,213,076 (24,748) |
Net movement in funds £ (21,165) - (21,165) (9,361) (30,526) Gains and losses £ 9,275 - 9,275 Transfers between funds £ (171,421) 178,370 6,949 (6,949) - |
At 31.12.20 £ 421,663 750,000 1,171,663 10,887 1,182,550 Movement in funds £ (21,165) (9,361) (30,526) At 31.12.21 £ 256,020 928,370 1,184,390 3,938 1,188,328 |
|---|---|---|
continued...
Page 13
How Hill Trust
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Norman Foundation for the replacement boat and future repairs TOTAL FUNDS |
Incoming resources £ 548,156 - 548,156 |
Resources expended £ (589,017) (9,361) (598,378) |
Gains and Movement losses in funds £ £ 25,474 (15,387) - (9,361) 25,474 (24,748) |
|---|---|---|---|
14. RELATED PARTY DISCLOSURES
During the year Friends of How Hill donated £6,500 (2020 £ 2,250 ) direct to the Trust and in addition have paid direct on behalf of the Trust items amounting to £871 (2020 £1,164). These amounts are included within Donations received
15. COVID 19
As detailed in the chair's report, How Hill has taken advantage of all Covid 19 to the fullest extent possible. The Trustees are confident that the "normal" offering to schools and other users will be resumed once the renovations have been completed.
Page 14
How Hill Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 72,997 | 18,390 |
| Gift aid | 2,975 | 339 |
| Legacies | - | 84,936 |
| Other trading activities | 75,972 | 103,665 |
| Shop income | 1,452 | 2,631 |
| Tea room income | 45,831 | - |
| Investment income | 47,283 | 2,631 |
| Dividends received | 5,136 | 3,059 |
| Deposit account interest | 715 | 2,014 |
| Charitable activities | 5,851 | 5,073 |
| School courses | - | 56,943 |
| Adult courses | - | 1,335 |
| Day visits | 2,966 | 1,367 |
| Other income | 2,966 | 59,645 |
| Special events | 732 | 1,563 |
| Other income | 12,282 | 12,754 |
| Covid 19 related grants | 117,945 | 99,794 |
| 130,959 | 114,111 | |
| Total incoming resources | 263,031 | 285,125 |
| EXPENDITURE | ||
| Other trading activities | ||
| Shop costs | 1,653 | 430 |
| Tea room costs | 895 | - |
| Bank loan interest | 1,250 | - |
| 3,798 | 430 | |
| Charitable activities | ||
| Wages | 174,438 | 195,040 |
| Hire of plant and machinery | 773 | 874 |
| Carried forward | 175,211 | 195,914 |
This page does not form part of the statutory financial statements
Page 15
How Hill Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 175,211 | 195,914 |
| Rent & rates | 1,255 | 4,514 |
| Insurance | 20,640 | 20,526 |
| Light, heat and fuel | 9,736 | 9,850 |
| Postage and telephone | 2,033 | 2,120 |
| Advertising | 1,000 | - |
| Training and Sundries | 1,974 | 7,639 |
| Course expenses | - | 611 |
| Catering | 11,140 | 4,757 |
| Event expenses | 271 | 200 |
| Laundry | - | 120 |
| Repairs and maintenance | 26,463 | 55,041 |
| Computer expenses and software | 1,651 | 2,126 |
| Books & educational costs | - | 45 |
| Printing and stationery | 88 | 610 |
| Depreciation of tangible fixed assets | 15,722 | 16,195 |
| Bank charges & interest | 820 | 983 |
| Support costs | 268,004 | 321,251 |
| Governance costs | ||
| Auditors' remuneration | 780 | 775 |
| Professional fees | 870 | 2,470 |
| 1,650 | 3,245 | |
| Total resources expended | 273,452 | 324,926 |
| Net expenditure | (10,421) | (39,801) |
This page does not form part of the statutory financial statements
Page 16