H-bFrF c
The Hulme Hall Trust Foundation
Financial Statements and Governors, Report
for the Year Ended 30 June 2021
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|---|---|---|---|---|
|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|
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|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)||||
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|Total|Return|for 2020/21 was:||
|---|---|---|---|
|Hulme|Hall||+20.5%|
|MSCI|PIMFA|Growth|+18.8%|
|ARC Charity||Equity Risk|+20.6%|
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|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|
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||||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|
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|||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|
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|rnance cos|ts:|||
|---|---|---|---|
|||30June 2021|30June 2020|
|||F|E|
|Independent|Examiner's fee|828|792|
|Clerk's fee||~2400|2 400|
|||~3228|3 192|
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|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|
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|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||||
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|.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|
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