H-bFrF c The Hulme Hall Trust Foundation Financial Statements and Governors, Report for the Year Ended 30 June 2021
| Page | ||||
|---|---|---|---|---|
| Governors | and Advisors | |||
| Governors' | Report and | Statement | of Responsibility | 2-7 |
| Report of | the Independent Examiners |
|||
| Statement | of Financial | Activities | ||
| Balance Sheet | 10 | |||
| Notes to the Financial | Statements | 11-16 |
| Governors: | Appointing | Body | Term | Length ofterm |
|---|---|---|---|---|
| Commencement | ||||
| Richard Young | Co-optative | member | 19October 2018 | 5 years |
| Chairman | ||||
| Susan Jee | Hulme Trust | Estates | 15October 2019 | 3years |
| Treasurer | (Educational) | |||
| Rt. Rev. Mark Davies | Bishop of Manchester | 12 March 2018 | 3years | |
| Bishop of Middleton | ||||
| Canon lan Gomersall | Bishop of Manchester | 15October 2019 | 3years | |
| Dr Gareth Hughes | University of |
Manchester | 19October 2018 | 3years |
| Mike Mercer | Hulme Trust | Estates | 19October 2018 | 3years |
| (Educational) |
| Total | Return | for 2020/21 was: | |
|---|---|---|---|
| Hulme | Hall | +20.5% | |
| MSCI | PIMFA | Growth | +18.8% |
| ARC Charity | Equity Risk | +20.6% |
| Financial Statements f |
or the Year Ended 30June 2021 | or the Year Ended 30June 2021 | or the Year Ended 30June 2021 | |||
|---|---|---|---|---|---|---|
| Statement of Financial |
Activities -for the Year Ended 30June | 2021 | ||||
| Unrestricted | Restricted | Total | Total | |||
| Accumulated | Permanent | Funds | Funds | |||
| Income Fund | Endowment | 2021 | 2020 | |||
| Income and endowments | from: | |||||
| Donations and legacies: University of Manchester |
1,400 | 1,400 | 1,400 | |||
| Investment income |
32 846 | ~32 846 | 36605 | |||
| Total | 34,246 | 34,246 | 38,005 | |||
| Expenditure on: |
||||||
| Raising Funds | ||||||
| Investment Management |
charges | 2,573 | 7719 | ~10292 | 9071 | |
| Charitable Activities: Grants |
||||||
| Accommodation | 30,065 | 30,065 | 39,470 | |||
| Contribution to hall &community |
502 | 502 | 634 | |||
| Travel 8 Conference | (100) | |||||
| Chaplaincy | 1,059 | 1,059 | 1,410 | |||
| Amenities, equipment and |
hall activities | 385 | ||||
| Cost of Grant making | 31 626 | ~31 626 | 41799 | |||
| Total Expenditure | 34199 | ~7719 | ~41 918 | 50870 | ||
| Net Income/expenditure | and net movement | |||||
| offunds before gains and | losses on | 47 | (7,719) | (7,672) | (12,865) | |
| investments | ||||||
| Other recognised gains |
and losses: | |||||
| Realised gains on investments | 9,607 | 9,607 | (16,667) | |||
| Unrealised gains on investments |
218378 | 218378 | 43386 | |||
| Net movement in funds |
47 | 220 266 | 220 313 | 13 854 | ||
| Reconciliation ofFunds |
||||||
| Total Funds brought forward |
64205 | 1 307 106 | 1 371 311 | 1 357457 | ||
| Total Funds carried forward | Z2 | ~6L624 | 12713.W |
| Notes | Unrestricted | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| Accumulated | Permanent | Funds | Funds | |||||
| Income | Fund | Endowment | 2021 | 2020 | ||||
| f | f | f | f | |||||
| Fixed Assets | ||||||||
| Investments | 1 527551 | 1 527551 | 1 302611 | |||||
| Current Assets | ||||||||
| Debtors | 8,578 | |||||||
| Cash at Bank and | in hand | 70,706 | 70,706 | 66,215 | ||||
| Due from Income to Perm | (2,571) | $571 | ||||||
| Fund | ||||||||
| Total current assets | 68 135 | 2 571 | 70706 | 74793 | ||||
| Liabilities | ||||||||
| Creditors falling due within one |
3883 | ~2750 | ~6633 | 6 093 | ||||
| year | ||||||||
| Net Current Assets | 64,252 | (179) | 64,073 | 68,700 | ||||
| Total Assets less | Current | 64 252 | 1527372 | ~~24 | 1371311 | |||
| Liabilities | ||||||||
| Total net assets | &2L372 | M~4 | ~371 3 | |||||
| The funds ofthe Charity | ||||||||
| Unrestricted Income Fund |
64,252 | 64,252 | 64,205 | |||||
| Permanent Endowment |
Fund | 1,527,372 | 1,527,372 | 1,307,106 | ||||
| Total Charity Funds | ~372 | ~lji24 | 1 371 311 |
| 30June 2021 | 30June 2020 | ||
|---|---|---|---|
| F | E | ||
| Dividends-equities | 31,832 | 34,732 | |
| Interest-fixed | interest securities | 1,014 | 1,624 |
| Interest on cash deposits | 249 | ||
| ~32 846 | 36605 |
| rnance cos | ts: | ||
|---|---|---|---|
| 30June 2021 | 30June 2020 | ||
| F | E | ||
| Independent | Examiner's fee | 828 | 792 |
| Clerk's fee | ~2400 | 2 400 | |
| ~3228 | 3 192 |
| nalysis | ofcharita | ble |
expenditure: | |||||
|---|---|---|---|---|---|---|---|---|
| Grant | Governance | Bank | Total | Total | ||||
| funded | costs | Charges | 2021 | 2020 | ||||
| activity | ||||||||
| Grants | to individuals | |||||||
| -Accommodation | 26,928 | 3,069 | 68 | 30,065 | 39,470 | |||
| -Travel | & Conference | (100) | ||||||
| -Contribution to hall community |
450 | 51 | 502 | 634 | ||||
| Total to | individuals | 27,378 | 3,120 | 69 | 30,567 | 40,004 | ||
| Grants | to institutions | |||||||
| -St Chrysostom's | Chaplaincy* | 948 | 108 | 1,059 | 1,410 | |||
| -Hulme | Hall: amenities, | equipment | 385 | |||||
| and activities | ||||||||
| Total to | institutions | 948 | 108 | 1,059 | 1,795 | |||
| Total | 28,326 | 3,228 | 72 | 31,626 | 41,799 |
| Permanent Endowment Fund |
30June 2021 | 30June 2020 | |
|---|---|---|---|
| f | E | ||
| Brought forward at 1 July 2020 |
|||
| Cost | 1,061,544 | 1,064,371 | |
| Add unrealised gains/ losses |
220 177 | 176791 | |
| Market value at 1 July 2021 | 1 281 721 | 1 257837 | |
| Changes in year |
|||
| Additions to investments at cost |
226,382 | 290,466 | |
| Disposals at carrying value |
(218,603) | (293,293) | |
| Add net unrealised gain/loss on |
revaluation | 21LZZ9 | 43386 |
| Net change | 226 157 | 40 559 | |
| At 30June 2021 Closing Balance | |||
| Cost | 1,069,323 | 1,061,544 | |
| Unrealised gains/losses Market value as at 30June 2021 |
438 555 ~~376 |
220 177 3~1421 |
|
| Investments at fair value comprised: |
|||
| UK Equities & Equity Funds |
507,373 | 434,795 | |
| Global (exc. UK) Equities 8 Equity Funds | 778,329 | 632,655 | |
| Fixed Interest (gilts) & Fixed Interest Funds | 43,630 | 43,437 | |
| Alternatives | 178546 | 170834 | |
| 1 507878 | 1 281 721 | ||
| Cash held within the investment | portfolio | 19673 | 20 890 |
| Total |
| .Analys | .Analys | is ofCurrent Assets & Liabilities | |||
|---|---|---|---|---|---|
| Current | assets | 31June 2021 | 30June 2020 | ||
| E | |||||
| Cash | at | bank | 70,033 | 65,837 | |
| Cash | in | the income account with investment | manager | 673 | 378 |
| Refund | due | 8,578 | |||
| Total | IRK' | 74 793 |