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2023-04-05-accounts

Reference and Administrative	Reference and Administrative	Details
Trustees' Report			2to4
Independent Auditors'	Report		5to7
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements		10to 24

Chairman			Mrs P H Connolly
Secretary			D Harding
Principal Office			Stonehenge
			13Laton Road
			Hastings
			East Sussex
			TN34 2ES
Cbarity Registration		Number	313577
Investment	Manager		CCLA investment	Management		Ltd
			Senator House
			85 Queen Victoria	Street
			London
			EC4V4ET
Bankers			HSBC Bank PLC
			4 Robertson Street
			Hastings
			East Sussex
			TN34 IHW
Accountants	and Independent		Manningtons
Auditors			Chartered Accountants
			39High Street
			Battle
			East Sussex
			TN33 OEE
Solicitors			Heringtons
			5-6 Albert Road
			Hastings
			East Sussex
			TN34 IQT
Trustees			Mrs P H Connolly
			D Harding
			M H Comes
			Mrs CSDeacon
			M JGratton (appointed		18October 2022)
			M L Holgate

An analysis ofthe grants payable	by the Foundat	ion this year show	s:
Classification	No.	Amount (K)	ay
Education		19,600		13.2
Culture and Recreation		15,500		10.4
Health	22	59,450		40.0
Social Services	14	46,000		30.9
Religion		5,250		3.5
Environinent		3,000		2.0
	55	148,800		100.0

				Unrestricted	Total
				funds	2023
			Note
Income and Endowments		from:
Charitable activities				31,308	31,308
investment income				279,728	279,728
Total Income				311,036	311,036
Expenditure on:
Charitable activities			4	(188,770)	(188,770)
Other expenditure			5, 6	(31,185)	(31,185)
Governance costs			6	(5,550)	(5,550)
Total Expenditure				225,505)	(225,505)
Gains/losses on investment		assets		(583,063)	(583,063)
Net movement in funds				(497,532)	(497,532)
Reconciliation offunds
Total funds brought	forward			9,639,661	9,639,661
Total funds carried	forward		17	9,142,129	9,142,129
				Unrestricted	Total
				funds	2022
			Note
Income and Endowments		from:
Charitable activities				27,064	27,064
Investment income				270,629	270,629
Total Income				297,693	297,693
Expenditure on:
Charitable activities			4	(259,348)	(259,348)
Other expenditure			5, 6	(26,652)	(26,652)
Governance costs			6	(5,100)	5,100)
Total Expenditure				(291,100)	291,100
Gains/losses on investment		assets		902,396	902,396
Net movement in funds				908,989	908,989
Reconciliation offunds
Total funds brought	forward			8,730,672	8,730,672
Total funds carried	forward		17	9,639,661	9,639,661

		Balance Sheet as a	t 5April 2023
				2023	2022
			Note
Fixed assets
Tangible assets			11	27,400	27,400
Investments			12	8,839,067	9,422,130
				8,866,467	9,449,530
Current assets
Debtors			13	1,475	2,346
Cash at bank	and in hand		14	283,755	194,703
				285,230	197,049
Creditors: Amounts		falling due within one year	15	(9,568)	(6,918)
Net current	assets			275,662	190,131
Net assets				9,142,129	9,639,661
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds			9,142,129	9,639,661
Total funds			17	9,142,129	9,639,661

			Unrestricted	funds
				Auxiliary		Total	Total
			General Fund	Fund		2023	2022
Provision	ofresidential
accommodation			31,308			31,308	27,064
Investment		income
			Unrestricted	funds
				Auxiliary		Total	Total
			General Fund	Fund		2023	2022
Dividends	and	interest receivable
from listed	investments		264,956	10,114		275,070	270,487
Interest receivable on bank
deposits			3,756		902	4,658	142
			268,712	]	1,016	279,728	270,629

4 Expenditure on charitable	activities
	Unrestricted	funds	Total	Total
		Auxiliary
	General Fund	Fund	2023	2022
Grant making	148,800		148,800	234,050
Provision ofresidential
aceomodation	39,970		39,970	25,298
	188,770		188,770	259,348

	Total	Total
	2023	2022
Rates and water		756
Insurance	1,991	1,473
Light and heat	15,888	7,236
Cleaning	2,050	2, 100
Repairs and maintenance	7,075	4,905
Garden expenses	8,735	5,186
Agents fees and commission	3,381	3,169
Bad debts	850	473
	39,970	25,298

		Unrestricted	funds
			Auxiliary	Total	Total
		General Fund	Fund	2023	2022
Support	costs	30,180	1,005	31,185	26,652
		30,180	1,005	31,185	26,652

Support	costs
						Unrestricted	funds
							Auxiliary	Total	Total
					Genera	I Fund	Fund	2023	2022
								f.
Trustees remuneration						20,952		20,952	20,952
Rates and	water					570		570	351
Insurance						336		336	358
Light and	heat					967		967	345
Cleaning						492		492	472
Printing, stationery		and postage				353		353	144
Telephone						474		474	426
Computer	costs					230		230	264
Accountancy						3,324		3,324	2,520
Bank charges						54		59	113
Sundry expenses						500		500	707
Trustees dinners						882		882
Purchase	ofcomputer		equipment			2,046		2,046
Contribution from		Auxiliary		Fund
to General	Fund					(1,000)	1,000
						30,180	1,005	31,185	26,652

Governance costs
		Unrestricted	funds
			Auxiliary	Total	Total
		General Fund	Fund	2023	2022
Audit fees
Audit ofthe financial	statements	5,520		5,520	5,100
Legal fees		30		30
		5,550		5,550	5,100

Analysis ofgrants
			Grants to	Grants to
			institutions	individuals
Analysis
General Fund			138,800	10,000
The grants payable during the year were as follows;
Education
Villiers Park Educational	Trust		2,500
Hastings Storytelling Festival			2,100
Sacred Heart Catholic Primary		School	3,000
National Literary Trust			2,000
Grants to 5 individuals			10,000	19,600
Culture and Recreation
International Composers	Festival		500
Hastings Litfest			1,500
Hastings and StLeonards	Sailing Club		3,000
Hastings Music Festival			2,500
London Mozart Players			3,000
Create Music - Brighton	Dome	and Festival	5,000	15,500
Carried forward				35,100

Brought forward					35,100
Health
SASBAH				3,000
Strongbones Children's	Charitable		Trust	2,500
Kent, Sussex and Surrey	Air	Ambulance		3,000
CLIC Sargent				1,000
Lifelites				3,000
Demelza Children's Hospice				3,000
Dame Vera Lynn Children's		Charity		1,000
Calibre Audio				1,000
East Sussex Hearing				1,000
Fairlight Hall RDA				2,000
Little Gate Farm				4,000
Carers UK				2,000
Chestnut Tree House				5,000
East Sussex Vision Support
Caudwell Children				2,000
British Wireless for the	Blind			800
MacMillan Cancer Support				5,000
StMichaels Hospice				7,000
Blind Veterans UK				1,250
Westerleigh Judokwai				4,000
Handicapped Children's	Action Group			900
Grassroots Suicide Prevention				5,000	59,450
Carried forward					94,550

7 Grant making	(continued)	(continued)	(continued)
Brought forward					94,550
Social Services
Police Community	Clubs		ofGreat Britain	2,000
Missing People				1,000
Oasis Project				2,000
Transom Trust				2,000
East Sussex Recovery Alliance				5,000
StJohn Ambulance				3,000
Royal National Institute		for the Blind		2,000
Hastings Citadel Salvation			Army	2,000
Surviving Christmas				5,000
Family Support Work				5,000
HARC				4,000
Fellowship ofStNicholas				5,000
Education Futures Trust				5,000
Dens and Signals				3,000	46,000
Religion
StJohn's PCC				4,000
Christ Church Ore				1,250	5,250
Environment
Hands ofHope				1,000
Cleanup UK				2,000	3,000
					148,800
All grants were made by		the General Fund.

Other investments
	Listed
	investments	Total
Cost or Valuation
At 6 ApA'I 2022	9,422,130	9,422,130
Revaluation	(583,063)	(583,063)
At 5 April 2023	8,839,067	8,839,067
Net book value
At 5 April 2023	8,839,067	8,839,067
At 5 April 2022	9,422,130	9,422,130
Historic Cost
At 5 April 2023	4,334,760	4,334,760
At 5 April 2022	4,334,760	4,334,760

						Other
			Balance at 6	Incoming	Resources	recognised	Balance at 5
			April 2022	resources	expended	gains/(losses)	April 2023
					f,
Unrestricted		funds
General	Fund		9,256,062	300,020	(224,500)	(561,555)	8,770,027
Auxiliary	Fund		383,599	11,016	(1,005)	(21,508)	372,102
Total funds			9,639,661	311,036	(225,505)	(583,063)	9,142,129
						Other
			Balance at 6	Incoming	Resources	recognised	Balance at 5
			April 2021	resources	expended	gains/(losses)	April 2022
Unrestricted		funds
General	Fund		8,389,197	287,719	(290,080)	869,226	9356,062
Auxiliary	Fund		341,475	9,974	(1,020)	33,170	383,599
Total I'unds			8,730,672	297,693	(291,100)	902,396	9,639,661