The Hulme Hall Trust Foundation
Financial Statements and Governors, Report
for the Year Ended 30 June 2023
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|||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|||
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|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)||||
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|Hulme|Hall||1.8%|
|---|---|---|---|
|Bench|marks:|||
|MSCI|PIMFA|Growth||
|ARC Charity||Equity Risk|4.1%|
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|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|
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|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~||||||
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|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|
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|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|
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|.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|
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|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|
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