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The Hulme Hall Trust Foundation
Flnancial Statements and Governors, Report
for the Year Ended 30 June 2022
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||||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|
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|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)||||
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|Total Return|for 2021/22 was|:|
|---|---|---|
|Hulme
Hall||-7.0%|
|8enchmerks:|||
|MSCI PIMFA|Growth|-2.6%|
|ARC Charity|Equity Risk|-8.9%|
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|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|||||||
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|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:|||||||
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|||||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|
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|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|||||
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|.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|
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