2022-08-31-accounts - Hitchin Youth Trust

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					Pages
Trustees' annual report (incorporating		the	Directors'	report)	1 to 11
Independent auditor's	report to the members				12to 15
Statement offinancial	activities (including		income and
expenditure account)					16
Statement offinancial	position				17
Notes to the financial	statements				18to 27

The Trustees, who are also the	The Trustees, who are also the	The Trustees, who are also the	The Trustees, who are also the	The Trustees, who are also the	Directors for the purposes	Directors for the purposes	ofcompany	law, present	law, present	their report	and the
financial	statements		ofthe charity for the year ended 31 August 2022.
Reference		and administrative			details
Registered		charity	name		Hltchln Youth Trust
Charity registration				number	302398
Company		registration		number	00399872
Principal	office and registered				Lambourne House
office					111Walsworth	Road
					Hitchin
					Herffordshire
					SG4 9SP
The trustees
					Mr P A T Kelly
					Mr AJ Hardy
					Mrs J Morgan
					Mr D R Mclntosh
					Mr TC Stalkartt
					Mrl R Hankin		(Resigned		30ih	November	2022)
					Miss L Evans
					Mrs C Skeels
					Mr M Emmerson		(Resigned		2Ti"	April2022)
					Mrs S Brown
					Mrs AJ Mills
					MrJ G Edwards
					Mrs T Hoque
					Mrs J Donnelly
					Ms K Bennet
					Mrs SWatklnson
					Ms G Carpenter		(Appointed		28e	September	2022)
Company		secretary			Mr D R Mclntosh
Auditor					Hicks and Company
					Chartered Accountants		and Statutory	Auditors
					First Floor
					99Bancroft
					Hitchin
					Herffordshire
					SG51NQ
Bankers					Barclays Bank
					5/6 High Street
					Hitchin
					Herffordshire
					SG5 1BJ

									2022
									6
		Net expense							(189,664)
		Realised		loss on investments					(87,196)
		Unrealised		loss on	revaluation	of investments			(735,802)
		Total net		decrease	in funds				(1,012,662)
As	at	the 31 August 2022			the Trust	had Unrestricted	General	Funds off4,928,495.	This comprises;
									2022
		Tangible		fixed assets and investments					5,000,719
		Current	assets						14,817
		Current	liabilities						(87,041)
		Total							4,928,495

Year ended 31	Augu	st 20	22
					2022		2021
					Unrestricted
					funds	Total funds	Total funds
				Note	5	f.	f
Income and endowments
Donations and legacies				5	38,780	38,780	25,419
Investment income				6	16,489	16,489	76,104
Total income					55,269.	55,269	101,523
Expenditure
Expenditure on raising funds:
Net investment	management		costs	7	31,410	31,410	17,350
Expenditure on charitable		activities		8,9	213,848	213,848	127,052
Other expenditure				10
Total expenditure					245,258	245,258	144,402
Net (expense)/income					(189,989)	(189,989)	(42,879)
Net (losses)/gains	on investments			11	(822,998)	(822,998)	854,030
Net Income and net movement			In funds		(1,012,987)	(1,012,987)	811,151
ReconciliatIon of	funds
Total funds brought	forward				5,941,157	5,941,157	5,130,006
Total funds carried forward					4,928,170	4,928,170	5,941,157

Donations and	legacies receivables
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
			6	f
Donations
Donations		35	35	215	215
Other donations	and legacies
Cost of providing	facilities free of
charge to other youth organisations		38,745	38,745	25,204	25,204
		38,780	38,780	25,419	25,419

Investment income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
	f	6		6
Income from listed investments	16,205	16,205	76,104	76,104
Bank interest receivable	284	284
Fixed Interest Securities - Interest
	16,489	16,489	76,104	76,104

8.	Expenditure on	ch	arit	able	activities	by fund type
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds f	2022 8	Funds 8	2021
	Grants, Awards,	Bursaries			and
	Donations					150,863	150,863	79,580	79,580
	In house Youth Groups					58,215	58,215	43,002	43,002
	Support costs					4,770	4,770	4,470	4,470
						213,848	213,848	127,052	127,052
9.	Expenditure on	charitable			activities	by activity type
						Activities		Total	Total
						undertaken	Support	funds	funds
						directly 8	Costs f	2022 8	2021 f
	Grants, Awards,	Bursaries			and
	Donations					150,863		150,863	79,580
	In house Youth Groups					58,215		58,215	43,002
	Governance costs						4,770	4,770	4,470
						209,078	4,770	213,848	127,052
10,	Other expenditure
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds f	2022	Funds 8	2021 f
	Loss on disposal	of	tangible		fixed
	assets held for charity's			own	use
11.	Net gains/(losses)		on	Investments
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds 5	2022 f	Funds f	2021 5
	(Losses)/gains on	exchange			on cash
	held for investinent purposes Realised (losses)/gains on listed							(2,593)	(2,593)
	investments					(87,196)	(87,196)	412,119	412,119
	Unrealised (losses)/gains			on listed
	Investments					(735,802)	(735,802)	444,504	444,504
	Net (losses)/gains	on Investments				(822,998)	(822,998)	854,030	854,030

isted investments	are	split a	s follows:
				2022	2021
				6	f
Bond investments				1,166,007	1,061,670
Equity investments Money Market Time Accounts and Investments			on call	3,554,101 132,731 23,595	4,497,105 168,280 96,543
				4,876,434	5,823,598
Historical cost at	31	August		5,273,607	5,379,110
Debtors
				2022	2021
				6	F
Prepayments and Other debtors	accrued Income			4,676 38	4,628 38
				4,714	4,666
Creditors: amounts		falling	due within one year
				2022	2021
				6
Grants approved	unpaid			50,559	34,516
Trade creditors					446
Accruals and deferred		income		36,037	13,363
Social security and other taxes
Other creditors				770	800
				87,366	49,125