## ## ## ||||||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| ## ## ## ## ## ## ## ## |||||2022|2021| |---|---|---|---|---|---| |||||E|E| |Additions|at cost|||1,883,043|6,802,684| |Disposals|at carrying|value||(2,021,458)|(6,274,198)| |Movement|on accounts and Investments||on call|(72,948)|(143,247)| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |||||Note|6|6| |Fixed assets||||||| |Tangible
fixed assets||||15|124,285|122,937| |Investments||||16|4,876,434|5,823,598| ||||||5 000 719|5946 535| |Current assets||||||| |Debtors||||17|4,714|4,666| |Cash at bank and|in|hand|||10,103|39,081| ||||||14,817|43,747| |Creditors: amounts||falling|due within one year|18|87,366|49,125| |Net current assets|||||(72,549j|(5,378)| |Total assets less|current||liabilities||4,928,170|5,941,157| |Net assets|||||4,928,170|5,941,157| |Funds ofthe charity||||||| |Unrestricted
funds|||||4,928,170|5,941,157| |Total charity funds||||20|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| ## |Investment
|management
cos|ts|||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2022
6|Funds|2021
f| |Porffolio management||31,410|31,410|29,878|29,878| |Commissions|paid|||(12,528)|(12,528)| |||31,410|31,410|17,350|17,350| ## ## ## ## ## ## |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| ## ## ## ## ## ## ## ## |||||At||||Transfer|At| |---|---|---|---|---|---|---|---|---|---| ||||I|September|||Gains and|between|31August| |||||2021
8|Income
f|Expenditure
5|(losses)|funds
6|2022
6| |General|funds|||5,818,220|55,269|(244,671)|(822,998)|(1,935)|4,803,885| |Capital|||||||||| |expenditure||fund||122,937||(587)||1,935|124,285| |||||5,941,157|55,269|(245,258)|(822,998)||4,928,170| |||||At||||Transfer|At| ||||I|September|||Gains and|between|31August| |||||2020
6|Income
f|Expenditure
F|(losses)
6|funds|2021
f| |General|funds|||5,006,676|101,523|(144,009)|854,030||5,818,220| |Capital|||||||||| |expenditure||fund||123,330||(393)|||122,937| |||||5,130,006|101,523|(144,402)|854,030||5,941,157| ## |Analysis|of net as|sets between
funds||| |---|---|---|---|---| ||||Unrestricted|Total| ||||Funds|Funds| |||||2022| |||||8| |Tangible|fixed assets||124,285|124,285| |Investments|||4,876,434|4,876,434| |Current|assets||14,817|14,817| |Creditors|less than|1 year|(87,366)|(87,366)| |Net assets|||4928 170|4928 170| ||||Unrestricted|Total| ||||Funds|Funds| ||||f|2021
6| |Tangible|fixed assets||122,937|122,937| |Investments|||5,823,598|5,823,598| |Current assets|||43,747|43,747| |Creditors|less than|1 year|(49,125)|(49,125)| |Net assets|||5941 157|5 941 157|