The Hulme Hall Trust Foundation Flnancial Statements and Governors, Report for the Year Ended 30 June 2022
| 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 of term |
|---|---|---|---|---|
| Commencement | ||||
| Richard Young | Co-optative | member | 19October 2018 | 5years |
| Chairman | ||||
| Susan Jee | Hulme Trust | Estates | 15October 2019 | 3years |
| Treasurer | (Educational) | |||
| Rt. Rev. Mark Davies | Bishop of Manchester | 12 March 2021 | 3 years | |
| Bishop of Middleton | ||||
| Canon lan Gomersall |
Bishop of Manchester | 15October 2019 | 3years | |
| Dr Gareth Hughes | University of |
Manchester | 19October 2021 | 3 years |
| Mike Mercer | Hulme Trust | Estates | 19October 2021 | 3years |
| (Educational) |
| Total Return | for 2021/22 was | : |
|---|---|---|
| Hulme Hall |
-7.0% | |
| 8enchmerks: | ||
| MSCI PIMFA | Growth | -2.6% |
| ARC Charity | Equity Risk | -8.9% |
| Statement of Financial |
A | ctivities —for the Ye | ar Ended 30June | 2022 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Note | Accumulated | Permanent | Funds | Funds | ||
| Income Fund | Endowment | 2022 | 2021 | |||
| Income and endowments | from: | |||||
| Donations and legacies: University of Manchester |
1,400 | 1,400 | 1,400 | |||
| Investment income |
37727 | 37727 | 32 846 | |||
| Total | 39,127 | 39,127 | 34,246 | |||
| Expenditure on: |
||||||
| Raising Funds | ||||||
| Investment Management |
charges | 2719 | 8 158 | ~10877 | 10292 | |
| Charitable Activities: Grants |
||||||
| Accommodation | 29,928 | 29,928 | 30,065 | |||
| Contribution to hall 5 community |
352 | 352 | 502 | |||
| Travel & Conference | ||||||
| Chaplaincy | 1,452 | 1,452 | 1,059 | |||
| Amenities, equipment and |
hall activities | |||||
| Cost of Grant making | ~31 732 | ~31 732 | 31 626 | |||
| Total Expenditure | ~34451 | 8 158 | ~42 609 | 41 918 | ||
| Net Income/expenditure | and net movement | |||||
| of funds before gains and | losses on | 4,676 | (8,158) | (3,482) | (7,672) | |
| investments | ||||||
| Other recognised gains |
and losses: | |||||
| Realised gains on investments | (890) | (890) | 9,607 | |||
| Unrealised gains on investments |
~140328 | ~140328 | 218376 | |||
| Net movement in funds |
4676 | ~149376 | ~144700 | 220 313 | ||
| Reconciliation of Funds |
||||||
| Total Funds brought forward |
64 252 | 1 527 372 | ~1591624 | 1 371 311 | ||
| Total Funds carried forward |
| Balance Sheet a | s at 30 | June 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Total | |||||
| Accumulated | Permanent | Funds | Funds | ||||||
| Income | Fund | Endowment | 2022 | 2021 | |||||
| 5 | 5 | 5 | 5 | ||||||
| Investments | 1 | 375 179 | ~1375179 | 1 527 | 551 | ||||
| Current Assets | |||||||||
| Debtors | |||||||||
| Cash at Bank and | in hand | 77,450 | 77,450 | 70,706 | |||||
| Due from Income to Perm | (5,292) | 5,292 | |||||||
| Fund | |||||||||
| Total current assets | 72 158 | 5 292 | 77450 | 70 | 706 | ||||
| Liabilities | |||||||||
| Creditors falling due within one |
3230 | 2 475 | ~5705 | L66633 | |||||
| year | |||||||||
| Net Current Assets | 68,928 | 2,817 | 71,745 | 64,073 | |||||
| Total Assets less | Current | QQ 928 | 1 | 377996 | ~159 | 624 | |||
| Liabilities | |||||||||
| Total net assets | 1 591 | 624 | |||||||
| The funds ofthe Charity | |||||||||
| Unrestricted Income Fund |
68,928 | 68,928 | 64,252 | ||||||
| Permanent Endowment |
Fund | 1,377,996 | 1,377,996 | 1,527,372 | |||||
| Total Charity Funds | ~159 | ||||||||
| Approved by the |
Board | ofGovernors | |||||||
| Richard Young - | Chairman | Susan Jee - Treasurer | |||||||
| g'ctrl | Q | ||||||||
| Date: |
| Grant | Governance | Bank | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funded | costs | Charges | 2022 | 2021 | ||||
| activity | ||||||||
| Grants | to individuals | |||||||
| -Accommodation | 26,797 | 3,063 | 68 | 29,928 | 30,065 | |||
| -Travel | & Conference | |||||||
| -Contribution to hall community |
315 | 36 | 352 | 502 | ||||
| Total toindividuals | 27,112 | 3,099 | 69 | 30,280 | 30,567 | |||
| Grants | to institutions | |||||||
| -St Ch | sostom's | Chaplaincy | 1,300 | 149 | 1,452 | 1,059 | ||
| -Hulme | Hall: amenities, | equipment | ||||||
| and activities | ||||||||
| Total to | institutions | 1,300 | 149 | 1,452 | 1,059 | |||
| Total | 28,412 | 3,248 | 72 | 31,732 | 31,626 |
| Permanent Endowment Fund |
30June 2022 | 30 June 2021 | ||
|---|---|---|---|---|
| f | 8 | |||
| Brought forward at 1 July 2021 |
||||
| Cost | 1,069,323 | 1,061,544 | ||
| Add unrealised gains/ losses |
4~38 555 | 220 177 | ||
| Market value at 1 July 2022 | ~1507878 | 1 281 721 | ||
| Changes in year |
||||
| Additions to investments at cost |
179,411 | 226,382 | ||
| Disposals at carrying value |
(192,651) | (218,603) | ||
| Add net unrealised gain/loss |
on | revaluation | ||
| Net change | ~153568 | 226 157 | ||
| At 30June 2022 Closing Balance | ||||
| Cost | 1,056,083 | 1,069,323 | ||
| Unrealised gains/losses |
298227 | 438 555 | ||
| Market value as at 30June | 2022 | |||
| Investments at fair value comprised: |
||||
| UK Equities 8, Equity Funds |
496,395 | 507,373 | ||
| Global (exc. UK) Equities & Equity Funds |
601,210 | 778,329 | ||
| Fixed Interest (gilts) & Fixed Interest Funds | 37,980 | 43,630 | ||
| Alternatives | 218725 | 178546 | ||
| 1 354310 | 1 507 878 | |||
| Cash held within the investment | porffolio | ~20 869 | 19673 | |
| Total |
| .Analys | .Analys | is ofCurrent Assets & Liabilities | |||
|---|---|---|---|---|---|
| Current | assets | 31June 2022 E |
30June 2021f | ||
| Cash | at | bank | 75,906 | 70,033 | |
| Cash | in | the income account with investment | manager | 1,544 | 673 |
| Total | 70706 |