The Hulme Hall Trust Foundation Financial Statements and Governors, Report for the Year Ended 30 June 2023 Iv
| Page | ||
|---|---|---|
| Governors | and Advisors | |
| Governors' | Report and Statement of Responsibility | 2-8 |
| Report of | the Independent Examiners |
|
| Statement | of Financial Activities | 10 |
| Balance Sheet | ||
| Notes to the Financial Statements |
| Governors: | Appointing | Body | Term | Length ofterm |
|---|---|---|---|---|
| Commencement | ||||
| Richard Young | Co-optative | member | 19October 2018 | 5years |
| Chairman | ||||
| Susan Jee | Hulme Trust | Estates | 15October 2022 | 3years |
| Treasurer | (Educational) | |||
| Rt.Rev. Mark Davies | Bishop ofManchester | 12March 2021 | 3years | |
| Bishop of Middleton | ||||
| Canon Ian Gomersail | Bishop of Manchester | 15October 2022 | 3years | |
| Dr Gareth Hughes | University ofManchester |
19October 2021 | 3years | |
| Mike Mercer | Hulme Trust | Estates | 19October 2021 | 3years |
| (Educational) |
| Hulme | Hall | 1.8% | |
|---|---|---|---|
| Bench | marks: | ||
| MSCI | PIMFA | Growth | |
| ARC Charity | Equity Risk | 4.1% |
| Statement of Financial | A | ctivities —for the | Year Ended 30June | 2023 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Accumulated | Permanent | Funds | Funds | |||
| Income Fund | Endowment | 2023 | 2022 | |||
| Income and endowments | from: | |||||
| Donations and legacies: University of |
1,400 | 1,400 | 1,400 | |||
| Manchester | ||||||
| Investment income |
43325 | ~43 325 | 37727 | |||
| Total | 44,725 | 44,725 | 39,127 | |||
| Expenditure on: |
||||||
| Raising Funds | ||||||
| Investment Management |
charges | 2437 | 7313 | ~9750 | 10877 | |
| Charitable Activities: |
||||||
| Accommodation grants |
33,176 | 33,176 | 29,928 | |||
| Contribution to hall &community |
352 | |||||
| Travel and Conference | ||||||
| Chaplaincy | 1,452 | |||||
| Amenities, equipment and |
hall activities | |||||
| Cost ofGrant making | ~33176 | ~33176 | 31 732 | |||
| Total Expenditure | ~35613 | ~7313 | ~42 926 | 42609 | ||
| Net Income/expenditure | and net | |||||
| movementof funds before losses on investments |
gains and | 9,112 | (7,313) | 1,799 | (3,482) | |
| Other recognised gains |
and losses: | |||||
| Realised gains on investments | 10,209 | 10,209 | (890) | |||
| Unrealised gains on investments |
~27 962 | ~27962 | ~140325 | |||
| Net movement in funds |
9112 | 25 066 | ~15954 | ~144 700 | ||
| Reconciliation ofFunds |
||||||
| Total Funds brought forward |
1 377996 | 1 446 924 | 1 591 624 | |||
| Total Funds carried forward | M1~24 |
| Balance Sheet a | s at 30 | June 2023 | |||||
|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Total | |||
| Accumulated | Permanent | Funds | Funds | ||||
| Income Fund | Endowment | 2023 | 2022 | ||||
| Investments | 1 | 347626 | 1 347 626 | 1 375 173 | |||
| Current Assets | |||||||
| Debtors | |||||||
| Cash at Bank and | in hand | 92,639 | 92,639 | 77,450 | |||
| Due from Income to | |||||||
| Permanent Fund |
(7,729) | 7,729 | |||||
| Total current assets | 84910 | 7729 | ~92 639 | 77450 | |||
| Liabilities | |||||||
| Creditors falling due within one |
6870 | 2425 | ~9295 | 5705 | |||
| year | |||||||
| Net Current Assets | 78,040 | 5,304 | 83,344 | 71,745 | |||
| Total Assets less | Current | ~74 | W5233Q | ~~ | ~4%924 | ||
| Liabilities | |||||||
| Total net assets | A~a | Mm24 | |||||
| The funds ofthe Charity | |||||||
| Unrestricted Income Fund |
78,040 | 78,040 | 68,928 | ||||
| Permanent Endowment |
Fund | 1,352,930 | 1,352,930 | 1,377,996 | |||
| Total Charity Funds | |||||||
| Approved by the |
Board | ofGovernors | |||||
| Richard Young - | Chairman | Susan Jee - Treasurer | |||||
| Q'm~4 | Y~ |
| nalysis | ofcharita | ble |
expenditure: | |||||
|---|---|---|---|---|---|---|---|---|
| Grant | Governance | Bank | Total | Total | ||||
| funded | costs | Charges | 2023 | 2022 | ||||
| activity | ||||||||
| Grants | to individuals | |||||||
| -Accommodation | 26,200 | 6,904 | 72 | 33,176 | 29,928 | |||
| -Travel | 8 Conference | |||||||
| -Contribution to hall community |
352 | |||||||
| Total to | individuals | 26,200 | 6,904 | 72 | 33,176 | 30,280 | ||
| Grants | to institutions | |||||||
| -StChrysostom's | Chaplaincy | 1,452 | ||||||
| -Hulme | Hall: amenities, | equipment | ||||||
| and activities | ||||||||
| Total to | institutions | |||||||
| Total | 26,200 | 6,904 | 72 | 33,176 | 31,732 |
| Permanent Endowment Fund |
30June 2023f | 30June 2022f | ||
|---|---|---|---|---|
| Brought forward at 1 July 2022 | ||||
| Cost | 1,056,083 | 1,069,323 | ||
| Add unrealised gains/ losses |
298 227 | 438 555 | ||
| Market value at 1 July 2023 | 1 354310 | 1 507 878 | ||
| Changes in year |
||||
| Additions to investments at cost |
205,988 | 179,411 | ||
| Disposals at carrying value |
(211,630) | (192,651) | ||
| Add net unrealised gain/loss |
on | revaluation | {2L2521 | |
| Net change | 33604 | ~153568 | ||
| At 30June 2023 Closing balance | at cost | 1,050,438 | 1,056,083 | |
| Unrealised gains/losses |
270 265 | 298 227 | ||
| Market value as at 30June | 2023 | 1Z~& | ||
| Investments at fair value comprised: |
||||
| UK Equities & Equity Funds |
448,082 | 496,395 | ||
| Global (exc. UK) Equities 8 Equity Funds | 616,764 | 601,210 | ||
| Fixed Interest (gilts) 8 Fixed Interest Funds | 44,844 | 37,980 | ||
| Alternatives | 211016 | 218725 | ||
| 1 320706 | 1 354310 | |||
| Cash held within the investment | portfolio | ~26 920 | 20 869 | |
| Total | ~17~!y |
| .Analysis ofCurrent Assets &Liabilities | |||
|---|---|---|---|
| Current assets | 30June 2023f | 30June 2022f | |
| Cash at bank | 91,724 | 75,996 | |
| Cash in the income account with investment | manager | 915 | 1 544 |
| Total | 77450 |
| Creditors | 30June 2023 | 30June 2022 | |
|---|---|---|---|
| F | |||
| Independent | Examiners fee | 870 | 830 |
| Investment | Managers fee | 2,425 | 2,475 |
| Legal Costs | re Merger | 3,600 | |
| Clerk's fee | ~2400 | 2400 | |
| Total | ~9295 | 5705 |