OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-05-31-accounts

THE HAILEYBURY SOCIETY

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

Page 1 Index
Page 2 Reference and Administrative Information
Pages 3 to 6 Trustees' Report
Page 7 to 8 Auditor's Report
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Page 11 Cashflow Statement
Page 12 to 15 Notes to the Financial Statements

Charity Registration No: 310014

Registered address: 77 Railway Street
Hertford
Hertfordshire
SG14 1RP

2

THE HAILEYBURY SOCIETY

REFERENCE AND ADMINISTRATIVE INFORMATION

The Executive Officers, Trustees, General Committee members and advisers who were in office on 31[st] May 2022 are listed below. The Trustees listed were elected or re-elected at the Society's AGM on 11th December 2021.

Chairman of Trustees
T N I Colin Barber (K 61)
President
T N Nick Gandon (M 69)
Society Secretary
T N I Jane Everard (néeEtherington) (L 76 & Alb)
Treasurer
Rob Hall (E 69)
Elected Members - General Committee
Lawrence Baker (C 83)
Chris Briggs (Staff 00-19)
T Nick Courtney (M 60)
T James Dahl (L 95)
T Chris Darnell (M 65)
Sophie Day (C 11)
T N Doug Everard (BF 73)
N Suse Flint-Cahan (néeGuilbride) (Alb & B 93)
T Fiona Illingworth (néeShort) (BF 76 & Alb)
C Donald Macleod (A 50)
T I Catherine MacLeod-Smith (L & Alb 79)
Stephen Miller (LS & L 09)
Charles Richards (LS & Th 02)
T Ben Tett (Th 92)
T Peter Thomas (A 75)
T I Scott Woods (LS & Th 01)

T Trustee, N Nominations Sub-Committee, I Investment Sub-Committee C Consultant to trustees

John Cook (A 65), John Dodwell (BF 59) and Richard Goldson (BF 62) (all former Trustees) are appointed by the Trustees as members of the Investment Sub-Committee.

Stephen Hale of Perrys, the Society's Auditors, is invited to attend meetings of the General Committee and of the Trustees as and when necessary

Registered Office : The Haileybury Society, 77 Railway Street, Hertford, SG14 1RP

Bankers : National Westminster Bank Plc, 104 Fore Street, Hertford, SG14 1HF National Westminster Bank Plc, 214 High Holborn, London, WC1V 7BX CCLA Charity Funds, 80 Cheapside, London EC2V 6DZ

Investment Management : Investec Wealth & Investment, 2 Gresham Street, London EC2V 7QP

Auditors : Perrys, Churchdown Chambers, Bordyke, Tonbridge, Kent, TN9 1NR

3

THE HAILEYBURY SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2022

Introduction

An important part of our work this year has been our continued attempt to regain the full meaningful relationship with the School. Nick Gandon, Jane Everard and Peter Thomas have had numerous meetings with the Haileybury Council’s negotiating team. We remain hopeful that a formal agreement will be reached soon.

Objectives and Organisation

The functional composition of Trustees and General Committee has been the same as in the last financial year and the Rules of the Society have not changed. The Society’s officers remain accountable to the Trustees, through the Chairman, and the Society operates within the budget approved by the Trustees. Those listed in this Report as Trustees were elected and/or re-elected at the AGM on the 11th December 2021. A restructuring of the composition of the Committee is underway, to improve our organisation.

2022 Activities

This year we have had meetings in person, with some Trustees joining the meetings remotely. Full discussions have taken place to review the progress of the negotiations with the Master and Council’s representatives.

Our financial position has been well maintained by Investec and been regularly overseen by our Investment sub-committee. Many thanks are due to them all.

Our office staff, consisting of our Membership Secretary, Georgina Maszlin and our marketing and branding consultant, Michael Smith of Red Page have continued to provide continuous support to our members during the year. The team under the direction of our Society Secretary, Jane Everard, has continued to provide Society News with website postings, newsletters and a social networking presence. Additional Haileyburiana items have been available for our members to purchase.

Our Treasurer, Rob Hall, has continued to maintain our accounts.

Our President, Nick Gandon, initiated a wonderful fundraising effort in support of fellow OH Rob Butt (B 86), who was paralysed from the neck down in a freak accident while on holiday in Malta. The Arm-in-Arm campaign raised funds to provide a bionic arm and to give his family ongoing support. Over £80,000 was raised and £20,000 was paid to Restart Lives at a Sleep Out on the 3[rd] December 2021 at which OHs and members of staff took part.

We were able to hold many other events this year, which our detailed in this annual report. However, without any regular source of life subscription income to maintain future relationships with those pupils leaving Haileybury, our programme of events has been somewhat affected.

In planning activities, the Trustees consider how they will contribute to our aims and objectives and endeavour to ensure that these activities are carried out for the public benefit as guided by the Charity Commission, as well as been valued by our members.

4

THE HAILEYBURY SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2022

Financial Results

The Statement of Financial Activities follows in the next pages.

Our income from Legacies and Gift Aided Annual Subscriptions was £5k more than last year. The amount of grants paid from both the Unrestricted and Restricted Funds were £6k less than last year.

Payments to clubs were slightly increased. We held a number of events this year which were supported at a cost of £6k. Haileyburiana sales showed a small profit.

The regular costs of managing and administering the charity remained the same as last year. These costs are a necessary part of our existence and are incurred to maintain our office and website and to produce regular informative e-news and an improved database.

Our expenses ended up for the year, similar to 2021 at £93k, more than our income. However, this year, we had a loss of £53k on sales of investments. Consequently, we ended the year with a negative movement in the value of our funds of £146k reducing our total funds to £1,651k as at the 31[st] May 2022.

Financial Review

Basis of Preparation

The financial statements that follow have been prepared in accordance with the Statement by the Financial Reporting Council on the Charities SORP (FRS102) (second edition - October 2019). The Haileybury Society is a public benefit entity and has applied the relevant public benefit provisions of FRS102. The Trustees of the Society are satisfied that The Haileybury Society has adequate resources to continue in operation for the foreseeable future and, accordingly, these financial statements have been prepared on the basis that The Haileybury Society is a going concern.

Assets and Obligations

The Society does not own any freehold or leasehold property and there are no significant liabilities.

Investment Policy and Performance

The Trustees’ Investment policy is to balance security, income and capital growth. The management of the investments, including those of the subsidiary funds, is undertaken by Investec Wealth and Investment Limited under the terms of a management agreement approved by the Trustees. The structure of the investment portfolio and the performance of the investment manager are monitored regularly by the Society’s Investment SubCommittee.

5

THE HAILEYBURY SOCIETY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2022

Grant-making Policy and Activity

The Trustees make grants to Haileybury with the aim of a) providing bursaries for pupils who might otherwise be unable to attend or remain at Haileybury and b) providing or improving facilities and prizes which the school might otherwise be unable to afford. Scholarship and bursary awards are also made from the subsidiary restricted funds administered by the Society in accordance with the purposes prescribed by their donors.

Sources of funds

The running costs of the Society, including the provision of membership services, are met from the Life Subscription fund. Grants and awards are made to the school from the Society’s investment income and from additional voluntary subscriptions made by members. From time to time the Society receives legacies from the estates of deceased members.

Reserves Policy

The Trustees aim to retain sufficient reserves to fund the Society’s ongoing activities.

The Future

We remain financially sound. We will remain committed to our objectives. We will continue to arrange events and provide services for our members. We will continue to meet our responsibilities with regard to payments from the Restricted Funds. We will continue to make grants and bursaries, as approved by the Trustees.

Constitution, Structure, Governance and Management

The Haileybury Society was constituted as an unincorporated association on 2[nd] August 1957. It is a registered charity (Number 310014) and its governing document is its Rules, as ratified at the AGM in December 2015 and available on the Society’s website and from the Society office.

Membership is open to former pupils, past and present members of staff and governors of Haileybury and Imperial Service College and its predecessor schools.

Risk Management

Monitoring the Governance of the Society, including identifying risk and any mitigation required, is an established agenda item at Trustees’ meetings to enable us to provide an audit trail if required.

We will continue to pay particular attention to changes recommended in Charity SORP guidelines and Data Protection legislation and will make amendments to operational and reporting activities accordingly.

THE HAILEYBURY SOCIETY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2022 Statement of Trustees, RespoDsibility As ever, Ihe Trustee5 are mindful of the Charity Commission's guidance on public benefii in the execution of their So¢iety responsibilities. Charity Law requires the Trustees lo prepare financial Stat￿nents for cach financial year, which give a true and fair view of the CharitN' s stale of aftairs at the end of the period and of its surplus or deficit for that period. In preparing these Financial Statements, the Trustees are required 10: Select Suitable accounting policies and then apply theTn consistently. Make judgements and estimates that are reasonable and prndent. State whether the policies are in accordan¢e wilh applicable accounting standards. Prepare the Financia] Statements on the going concem basis unless it is inappropriate to presume that the Charity will continu¢ in operation. The Trustees are reSpO￿}ble for keeping proper ac¢ounting records, which disclose with reasonable accuracy at any time the financial Position of the Charity and enable them to ensure that the Financia] Ststements comply with the Charitie5 Art 2011. They are also responsible for safeguarding the &8sets of the Charity and hence for taking reasonable steps for the pttvention and delection of fraud aTrJ other irregulaTitie5. As Chaimian of Tnw I confinn that there is no infomation relevant to the audit of whi¢h the auditors are unaware and that the Trustees have taken the necessary steps to ensure they themselves are awa]Y of xll relevant audit inforniation and make sure the auditOT$ are aware of il. Thanks Many thatths to the Otricers. Trustees and Members of the Society. Our Society Secretary. Jane Everdrd. deserve5 special mention for all the duties she h&s catTied out tirelessly. Our Presidcnl, Nick GandoN has come up with TLew initiatives, such as the Sport5 di[￿er held in London and lead the team in our negotiations with the school. Rob Hall, our Treasurer. has maintained our a¢counts carefvlly preparing the necessary budgets and coming up with ideas to rdise fimds in order to our funds into the future. Investec, investment manager, hay wntinued to make the bcst use of our capital funds and deserve our thanks for maintaining these in what was another difficult investment financial year. John Duncan, from our firni of auditors. hLs continued to give us sound fiwwlcial advice aThJ guidan The help of all the Executive Officers. Trustees. General Commite membeys and advisery that make up the Society is invaluable. My hop< as it was last year, is that the Society ha5 better times to come with full wllaE)ration with the school. Signed on beh￿f of the Truskes ColiD Barber (K61) Chalrman

7

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF

THE HAILEYBURY SOCIETY FOR THE YEAR ENDED 31 MAY 2022

Opinion

We have audited the financial statements of The Haileybury Society for the year ended 31 May 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, Cash Flow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including 102 the Financial Reporting Standard applicable in the UK Generally Accepted Accounting Practice)

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

The trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

The trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

8

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF

THE HAILEYBURY SOCIETY FOR THE YEAR ENDED 31 MAY 2022

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinon:

Responsibilities of trustees for the financial statements

As explained more fully in the Trustees' Responsibility Statement set out on page 6, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditors responsibilities. This description forms part of our auditor’s report.

Perrys Audit Limited Statutory Auditor

Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR

Dated:

9

THE HAILEYBURY SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022

Unrestricted
£
Incoming Resources
From Members
Legacies, special donations, events and gift aid
15,610
Arm in Arm
-
Life subscriptions received
-
15,610
Annual subscriptions received
12,027
27,637
From Investments
Portfolio income (gross)
23,541
Bank interest (gross)
1
23,542
Total Incoming Resources (note 5)
51,179
Resources Expended
Charitable activities
Arm in Arm
-
Restart Lives
-
Awards and grants paid
7,910
7,910
Membership services
Officers and staff ( note 3)
44,974
Publications and website
1,812
(Profit ) Loss on sale of Haileyburiana
(312)
Events income less expenses
6,073
Clubs and promotional activities
3,878
56,425
Managing and administering the charity:
Officers and staff ( note 3)
5,291
Trustees' remuneration (note 2)
-
Trustees' expenses
-
Premises costs
13,826
Other administration costs
5,808
Computer maintenance, database and training
42,131
Legal and professional
2,450
Audit fee
3,500
73,006
Other
Investment management expense
15,689
Total Resources Expended
153,030
Net ( Loss ) Profit on sale and valuation of Investments
(22,501)
Net Movement in Funds
(124,352)
Funds brought forward at 1 June 2021
753,711
Funds carried forward at 31 May 2022
629,359		 Restricted
and
Designated
£
-
80,644
-
80,644
-
80,644
17,052
-
17,052
97,696
60,644
20,000
5,722
86,366
-
-
-
-
-
-
2,646
-
-
-
-
-
-
-
2,646
-
89,012
(30,803)
(22,119)
1,043,766
1,021,647		 2022
Total
£
15,610
80,644
-
96,254
12,027
108,281
40,593
1
40,594
148,875
60,644
20,000
13,632
94,276
44,974
1,812
(312)
6,073
3,878
56,425
7,937
-
-
13,826
5,808
42,131
2,450
3,500
75,652
15,689
242,042
(53,304)
(146,471)
1,797,477
1,651,006		 2021
Total
£
10,259
-
-
10,259
12,515
22,774
44,404
1
44,405
67,179
-
-
19,285
19,285
40,209
7,357
(107)
886
2,699
51,044
7,096
-
-
14,297
6,658
45,440
-
3,275
76,766
15,239
162,334
201,901
106,746
1,690,731
1,797,477

io THE HAILEYBURY SOCJETY BALANCE SHiEtASAt31 MAY 2022 2(J31 NDt Illxed Assets Irtvestrients at rri¥2ket vab Bookv￿ue- 2022 £1398,190 2021 EI.436,B37 I￿.45￿ 1.736.608 1,640,451 1,736,008 Cur#Dt Assets Siock of Haileyburiana Debtors and pr¢paym¢Thts BT deposit accounts BADk CurrentkCGO￿LX (i) 17,974 11,670 4.203 43.408 77.255 21,342 11,802 4.2rr2 29.014 Credltors: Amownts FAllkng due Ivlthln One Yè Arnirt Arni Cr¥difors 8nd 8ccruals (60.644) 5.491 N¢tc￿rr¢￿tAsSQts lo￿55 60,869 N¢tA$5ets 1.651,006 Funds R￿￿￿(te￿a￿dD¢SiwMled Unt¢stir¢ted ' {4) 1,021,5¥Q 629,426 1.043.766 733,711 1651XJ06 1,797,477 . Approved by the Truytstspn Nlrkcibdoty:, President Colitt Barber Ch21tman of lkn.TytsiÈ¢¥ Datsd: l>lLriovember

11

THE HAILEYBURY SOCIETY

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MAY 2022

Cash generated from operations
Net (Outgoing) Incoming Resources for the Year
Reconciliation to cash generated from operations:
Movement in investments ( Note 6 )
Cash inflow due to decrease in stocks of Haileyburiana
Cash inflow due to decrease in accrued income
Cash inflow due to increase in creditors
Movements in working capital
Net cash flow from operating activities
Net increase ( decrease ) in cash
Net cash resources at bank at beginning of year
Net cash at bank at 31 May 2022		 2022
£
(146,471)
96,157
3,368
132
61,209
160,866
14,395
14,395
33,216
47,611		 2021
£
106,746
(136,662)
2,201
4,119
1,206
(129,136)
(22,390)
(22,390)
55,606
33,216

Analysis of the Balances of Cash as Shown in the Balance Sheet

Bank deposit accounts
Bank current accounts
At 31 May 2022		 2022
£
4,203
43,408
47,611		 2021
£
4,202
29,014
33,216

12

THE HAILEYBURY SOCIETY NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

1. Accounting Policies

a) Basis of accounting

These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and reporting by charities (SORP 2015), and in accordance with Financial Reporting Standard 102 (FRS 102). The Haileybury Society is a public benefit entity and has applied the relevant public benefit provisions of FRS 102. The Trustees of the Society are satisfied that The Haileybury Society has adequate resources to continue in operation for the foreseeable future and, accordingly, these financial statements have been prepared on the basis that The Haileybury Society is a going concern.

b) Incoming resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

Investment income is accounted for in the period for which the charity is entitled to receipt. Income is the gross value after reclaiming any tax credits that are available.

c) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

d) Fixed assets for charity use

Any assets of material value held for use on a continuing basis in the activities are depreciated over their useful economic lives at 20% p.a. on a straight line basis.

e) Investments

Investments are revalued to market value as at the balance sheet date and the surplus or deficit of this revaluation is shown as an unrealised gain or loss on the face of the Statement of Financial Activities. Realised gains or losses represent the difference between the sale proceeds and the book value of an investment.

f) Stock of Haileyburiana

Stocks are valued at the lower of cost or net realisable value.

g) Charitable activities

Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.

h) Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. These are set out in the Trustees' Report together with designated funds where the trustees, at their discretion, have created a fund for a specific purpose. Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.

2. Trustees

Trustees' received no remuneration, benefits or expenses in the year. An honorarium was paid for the services of the Society Secretary of £9,900 ( 2021 £10,800 ), who is also a trustee, in recognition of her work as secretary. An Honorarium of £1,500 was paid for services of the Society Treasurer.

3. Officers and Staff

The average number of employees during the year was 1 (2021: 1). No employee received remuneration over £60,000.

Staff costs:
Salary
Social security and pension costs		 2022
£
33,620
2,138
35,758		 2021
£
30,599
5,906
36,505

13

THE HAILEYBURY SOCIETY NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

4. Fund Balances for the Year

4. Fund Balances for the Year the Year the Year
Donations
At
Capital
and life
Income
31.5.2021
received
subscriptions
surplus
(note 5)
£
£
£
£
Restricted
Colin Cobb
80,302
-
-
1,104
Roy Dore
455,021
-
-
6,255
Fawcett Family
31,202
-
-
429
R A Hall
199,927
-
-
2,748
Matthews/Thomas
36,290
-
-
499
A S Russell
88,570
-
-
1,218
W E Russell
90,587
-
-
1,246
G R Smith
35,098
-
-
483
1,016,997
-
-
13,982
Designated Funds
D J Cook
14,741
-
-
203
Alastair Macpherson
4,739
-
-
203
Ewen Macpherson
2,289
-
-
31
Michael Freegard
5,000
-
-
68
Unrestricted Funds
Life subscriptions
614,635
-
-
(109,633)
Whatton/General
81,801
-
15,610
-
Norman King
57,275
-
-
-
1,797,477
-
15,610
(95,146)
5. Calculation of income surplus
Income
£
Colin Cobb
1,306
Roy Dore
7,398
Fawcett Family
507
R A Hall
3,250
Matthews/Thomas
590
A S Russell
1,440
W E Russell
1,473
G R Smith
571
Portfolio income - restricted
16,535
Designated Funds
D J Cook
240
Alastair Macpherson
240
Ewen Macpherson
37
Michael Freegard
81
Portfolio income and bank interest - unrestricted
23,461
Annual subscriptions
12,027
52,621
Legacies and special donations
15,610
Life subscriptions received
-
Total Incoming Resources
68,231		 Donations
At
Capital
and life
Income
31.5.2021
received
subscriptions
surplus
(note 5)
£
£
£
£
80,302
-
-
1,104
455,021
-
-
6,255
31,202
-
-
429
199,927
-
-
2,748

36,290
-
-
499
88,570
-
-
1,218
90,587
-
-
1,246
35,098
-
-
483		 Awards
Gain on
paid
investments
£
£
-
(2,381)
(3,722)
(13,492)
-
(925)
-
(5,929)
(2,000)
(1,076)
-
(2,627)
-
(2,686)
-
(1,041)		 Awards
At
pledged
31.5.2022
2022/ 23
£
£
79,025
[5,000]
444,062
[11,614]
30,706
-
196,746
[6,064]
33,713
-
87,161
[2,000]
89,147
-
34,540
-
1,016,997
-
-
14,741
-
-
4,739
-
-

2,289
-
-
5,000
-
-
614,635
-
-
81,801
-
15,610
57,275
-
-
13,982

203

203

31

68

(109,633)
-

-		 (5,722)
(30,157)
-
(437)
-
(141)
-
(68)
-
(148)
-
(18,228)
(7,910)
(2,426)
-
(1,698)		 995,100
[24,678]
14,507
-
4,801
-
2,252
-
4,920
-
486,774
-
87,075
-
55,577
-
1,797,477
-
15,610		 (95,146) (13,632)
(53,303)		 1,651,006
[24,678]
Income
£
1,306
7,398
507
3,250
590
1,440
1,473
571		 Membership
Other
services
expenses
£
£
-
(202)
-
(1,144)
-
(78)
-
(502)
-
(91)
-
(222)
-
(227)
-
(88)
-
(2,554)
-
(37)
-
(37)
-
(6)
(13)
(56,425)
(88,695)
-
-
(56,425)
(91,342)		 Income
surplus
£
1,104
6,254
429
2,748
499
1,218
1,246
483
13,981
203
203
31
68
(121,659)
12,027
(95,146)
16,535
240
240
37
81
23,461
12,027
52,621
15,610
-
68,231

14

THE HAILEYBURY SOCIETY NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022

6. Net movement of valuation of investments 6. Net movement of valuation of investments Market Cost Net
value value movement
£ £ £
At 31 May 2022 1,640,451 (1,398,190) 242,261
At 31 May 2021 1,736,608 (1,436,837) 299,771
(96,157) 38,647 (57,510)
7. Investments Book Book Market Dividends
value Purchases Profit value value and interest
31.5.2021 (Sales) (Loss) 31.5.2022 31.5.2022 received
£ £ £ £ £ £
24,000 A2D Funding Ii plc 4.5% 24,298 - - 24,298 25,467 1080
470 Anglo American - 11,786 - 11,786 18,270 603
400 Astrazeneca Ord 19,190 - - 19,190 41,812 840
13,786 Aquila Energy - 13,786 - 13,786 10,925 -
4,530 Baillie Gifford American W3 Dis 49,830 - - 49,830 42,799 -
940 BHP Billiton Plc USD0.50 10,542 (11,160) 618 - - 866
2,300 BP Ord USD0.25 10,863 (7,557) (3,306) - - 176
1,400 Baillie Gifford Japanses W3 Dis 23,767 - - 23,767 21,504 223
19,150 Blackrock Fm Ltd 42,071 - - 42,071 45,437 -
4,300 Blackrock Throgmor Ord GBP0.05 11,567 - - 11,567 27,370 452
6,000 Brown Advisory Fds US Sustainable 73,800 - - 73,800 81,060 -
550 Burberry Group - 10,069 - 10,069 9,419 64
570 Ceres Power Hldgs Ord 4,101 - - 4,101 3,818 -
54,000 Charities Prop Fd Property Fund 60,051 - - 60,051 77,995 2761
27,802 CCLA Investment Ma Property Inc 29,000 - - 29,000 37,819 1556
700 Compass Group Ord 7,978 - - 7,978 12,444 98
240 CRH Ord 6,010 (7,485) 1,475 - - 170
247 Croda Int - 17,440 - 17,440 17,053 -
800 Diageo Ord GBX28.935185 15,965 - - 15,965 29,398 592
580 Experian Ord USD0.10 6,003 - - 6,003 15,396 205
6,000 Federated Hrms 11,005 - - 11,005 8,744 87
340 Findlay Park 18,081 - - 18,081 45,026 -
12,000 Franklin Temp 17,747 (9,719) 2,620 10,648 12,756 324
14,500 GCP Infrastructure Ord 18,750 - - 18,750 16,313 1016
1,300 GSK Ord GBP0.25 - - - - - 247
930 Halma Ord 9,821 - - 9,821 20,725 168
470 Hargreaves Lansdwn Ord 7,607 - - 7,607 4,027 239
40,530 Henderson Investment European Sel Ops 37,868 - - 37,868 48,960 823
14,394 HICL Infrastructure 23,750 - - 23,750 25,506 1188
3,900 HSBC Holdings Plc Ord USD0.50 (UK Reg) 24,006 - - 24,006 20,785 739
30,000 HSBC Holdings Plc 5.75% Sub 37,041 - - 37,041 32,660 1725
2,610 ITM Power Ord 8,427 - - 8,427 7,700 -
24,946 INT Public Patrner Ord 34,909 - - 34,909 41,535 1861
165 Intertek Group Ord GBP0.01 5,764 - - 5,764 7,649 174
140 Invesco 18,074 - - 18,074 19,774 -
560 Ishares FTSE 500 Ucits Etf (inc) GBP 7,145 - - 7,145 18,274 289
14,907 I shares USD Treasury - 71,492 - 71,492 71,479 -
7,926 Ishares Ii Plc USD 49,619 (7,932) 152 41,839 41,837 320
2,330 Jupiter Gbl 24,591 - - 24,591 21,622 1064
22,000 Jupiter Fund Mgrs 32,658 - - 32,658 32,696 83
22,700 JP Morgan Funds - 33,825 - 33,825 35,026 68
Jackson Financial - - (53) - - -
Carried forward 781,899 114,545 1,506 898,003 1,051,080 20101

15

THE HAILEYBURY SOCIETY

NOTES ON THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

7. Investments (cont) Book Book Market Dividends
value Purchases Profit value value and interest
31.5.2021 (Sales) (Loss) 31.5.2022 31.5.2022 received
£ £ £ £ £ £
Brought forward 781,899 114,545 1,506 898,003 1,051,080 20101
3,400 Legal & General Gp Ord 8,323 - - 8,323 8,828 176
4,000 Londonmetric Prop Ord GBP0.10 7,732 - - 7,732 10,232 358
23,000 London Stock Exch. 4.75% 24,623 (23,000) (1,623) - - 546
165 London Stock Exch. Ord 12,735 - - 12,735 12,215 157
65,000 Mayfair Capital Inc Trust for Charities 66,179 - - 66,179 64,776 2718
10,550 Mercantile Investm Ord GBP0.25 15,516 - - 15,516 21,575 727
975 Mondi plc 18,246 - - 18,246 14,998 533
1,400 National Grid 13,425 (15,390) 1,965 - - 691
27,000 Nestle Finance 2.25% 27,237 - - 27,237 27,360 608
14,842 Pantheon Infrastructure - 12,369 - 12,369 13,365 -
1,410 Polar Cap Tech Tst GBP0.25 17,537 - - 17,537 27,410 -
490 Polar Capital Fund Global Technology GBP I 22,589 - - 22,589 27,509 -
1,300 Prudential GBP0.05 16,981 - - 16,981 13,491 860
24,000 Rabobank Nederland 0.25% 23,932 (24,000) 68 - - 540
140 Reckitt Ord 10p 8,786 (8,258) (528) - - 244
930 Relx plc GBP0.144 10,260 - - 10,260 21,162 444
600 Rio Tinto Ord GBP0.10 22,436 (4,242) 1,898 20,092 34,497 4539
2,140 Royal Dutch Shell 'B' Ord EUR0.07 41,761 (41,761) - - - -
1,500 Sage Group GBPO 9,013 (10,570) 1,557 - - 265
75 Schroder Inv Mgmt E ISF Asian 27,780 - - 27,780 31,500 758
18,100 Schroder Unit TSt Smaller Co 31,367 (34,448) 3,081 - - -
1,350 Shaftesbury Ord GBP0.25 9,001 - - 9,001 8,060 86
2,140 Shell plc Ord Euro - 17,097 (880) 16,217 19,755 1,411
480 Smith &Nephew Ord USD0.20 4,577 - - 4,577 6,210 138
1,400 T. bailey Fund 21,500 162 - 21,662 20,049 163
11,425 Templtn Emg Mkt 12,911 - - 12,911 17,515 434
4,894 Tesco Ord GBP0.06 14,070 (12,547) (1,523) - - 291
29,590 The Renewables Inf Ord 31,520 - - 31,520 39,414 2000
630 Unilever Plc Ord GBP0.031111 19,006 - - 19,006 24,093 921
1,200 Vanguard Funds plc 51,283 15 - 51,298 74,529 884
310 Vontobel Asst Mgmt MTX Sust Asian Leader 34,943 - - 34,943 35,352 -
270 Whitbread Ord GBP0.76797385 9,312 (7,863) (1,449) - - -
1,416,480 (37,891) 4,072 1,382,714 1,624,975 40593
Cash held by Investec Capital 20,357 (4,881) - 15,476 15,476 -
1,436,837 (42,772) 4,072 1,398,190 1,640,451 40,593