**Charity Number: 527204**
**George Hudson’s Charity**
**Unaudited Financial Statements For the year ended 5 April 2023**
**George Hudson’s Charity**
||**Index**|
|---|---|
||**For the year ended 5 April 2023**|
||**Charity Number: 527204**|
|**Contents**|**Pages**|
|Legal and Administration Details|2|
|Trustees’ Report|3 - 5|
|Report of the Independent Examiner|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 - 15|
Page 1
**George Hudson’s Charity**
## **Legal and Administration Details**
**For the year ended 5 April 2023 Charity Number: 527204**
**Trustees** Mr. P. W. Taylor (Chairman) Mr. G. L. Spencer Mrs. D. McKenzie Mr. G. E. Brown Mr. P. R. Wood Mrs. G. Walker Mr. M. Dixon
**Secretary** Mr. G. Johnston
**Address** 47 John Street Sunderland SR1 1QU
**Bankers** Barclays Bank plc 53 Fawcett Street Sunderland SR1 1RS
**Independent Examiners** Torgersens East Suite, Ground Floor Avalon House St Catherine’s Court Sunderland SR5 3XJ **Solicitors** McKenzie Bell Limited 47 John Street Sunderland SR1 1QU
**Investment Advisers** Brewin Dolphin Time Central Gallowgate Newcastle Upon Tyne NE1 4SR
Page 2
**George Hudson’s Charity**
**Trustees’ Report**
**For the year ended 5 April 2023**
## **Charity Number: 527204**
The trustees present this report together with the financial statements of the Charity for the year ended 5 April 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 to 10 and comply with the current statutory requirements, the requirements of the charity’s governing document and the current Statement of Recommended Practice.
1. **Structure, Governance and Management**
- 1.1 The Charity known as George Hudson’s Charity was founded by a Scheme made by the Charity Commissioners under the Charitable Trusts Acts 1853 to 1887 on 5 August 1890 – registered charity number 527204 as varied by Schemes made by the Minister of Education on 20 November 1947 and 12 October 1960 and amended by a Scheme dated 24 January 1991.
- 1.2 The Charity is an endowed charity, and all administrative charges are discharged out of income; subject thereto all the income is applied to the objects of the Charity.
- 1.3 The trustees are appointed by resolution of the existing trustees and are at present 7 in number. The maximum number is eight.
- 1.4 Meetings of the Trustees are held six times a year at which all decisions regarding investments and payments of benefits are made.
- 1.5 The Charity employs a part-time administrator who deals with the payments to beneficiaries. All other administrative matters are dealt with by the Secretary, Mr G. Johnston who is a solicitor at McKenzie Bell Limited, Solicitors, Sunderland.
- 1.6 The Charity owns the freehold premises 54 John Street, Sunderland.
- 1.7 The administrator is also employed part time by The Sunderland Orphanage and Educational Foundation (the Foundation) and the Secretary is also Secretary of the Foundation. The objects of the Foundation are to benefit persons of either sex under the age of 25 years who are resident in the former County Borough of Sunderland and the neighbourhood whose parents or one of whose parents are dead, disabled, separated or divorced and who are in need of financial assistance.
2. **Objectives and Activities**
- 2.1 The objects of the Charity are the education, maintenance, support and clothing of boys and girls whose father is dead or incapacitated first preference, other things being equal, for such of them as are children of sailors or pilots belonging to the Port of Sunderland and a second preference, other things being equal, for such of them as were born and are resident in the Ancient Township of Monkwearmouth.
- 2.2 The charity aims to meet its objects through the payment of monthly allowances and provision of clothing vouchers to those children and young people who qualify as beneficiaries under the terms defined in the said objects.
- 2.3 The charity seeks to raise the necessary funds to meet its objects through investments in listed company shares and UK gilts.
3. **Public Benefit Statement**
- 3.1 The trustees have had regard to the Charity’s Commission guidance on their legal duty on public benefit, and are satisfied that the Charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.
Page 3
**George Hudson’s Charity**
**Trustees’ Report**
**For the year ended 5 April 2023**
## **Charity Number: 527204**
## 4. **Achievements and Performance**
- 4.1 As at 5 April 2023 there were 29 children receiving allowances and all children eligible to receive allowances during the year received their allowances.
5.
## **Financial Review**
- 5.1 The trustees’ policy in relation to reserves is to ensure that in the event of a significant reduction in income the trustees could at least maintain the regular payments to those beneficiaries who have come to rely on them.
- 5.2 The free reserves of the charity excluding investments are currently negative of £8,999.
- 5.3 The cash funds of the charity at 5 April 2023 have decreased by £17,525.
- 5.4 Total payments to beneficiaries have increased by £166 over the previous year.
- 5.5 The income of the charity has decreased during the year by £11,685.
6. **Statement of Trustees’ Responsibilities**
- 6.1 The Trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the Statement of Financial Activities of the Charity for that period. In preparing those accounts the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- follow the recommendation of the Charity Commission and of the accounting profession with regard to form and content of the financial statements and to disclose and explain any departures therefrom; and
- prepare accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue to operate.
The Trustees are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and the detection of fraud and other irregularities.
- 6.2 Insofar as the trustees are aware:
- there is no relevant information of which the charity’s independent examiners are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish the independent examiners are aware of that information.
## 7. **Investment Policy and Performances**
7.1 The Trustees’ investment objective is to maintain and enhance the value of the fixed assets over the long term in order to maintain and if possible, increase the income available for the purposes of the Charity.
Page 4
**George Hudson’s Charity**
**Trustees’ Report**
**For the year ended 5 April 2023**
## **Charity Number: 527204**
8. **Risk Assessment**
8.1 The Trustees have considered any risks to which the Charity might be exposed and are satisfied that the administrative, investment and financial procedures which are in place minimise the risk of any loss to the Charity.
Approved by the Trustees on and signed on their behalf by:
Chairman
Trustee
Page 5
**Report of the Independent Examiner’s to the Trustees of**
**George Hudson’s Charity**
**Year Ended 5 April 2023**
I report on the financial statements of the Charity for the year ended 5 April 2023 which are set out on pages 7 to 15.
## **Respective responsibility of trustees and examiner**
The Charity’s Trustees are responsible for the preparation of the financial statements. The Charity’s Trustees consider that an audit is not required for the year under Section 144(2) of the Charities Act 2011 (“the 2011 Act”) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the unaudited financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the unaudited financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the unaudited financial statements present a “true and fair view”, and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements;
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare financial statements which accord with the accounting records, comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Mrs Alison Henshaw FCCA Torgersens Chartered Accountants East Suite, Ground Floor Avalon House St Catherine’s Court Sunderland SR5 3XJ
Date:
Page 6
**George Hudson’s Charity**
## **Statement of Financial Activities**
**For the year ended 5 April 2023**
|||**Unrestricted**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|---|
|||**Income**|**Income**|**Capital**|**Total Funds**|**Total Funds**|
|**Notes**||
**Fund**|**Fund**|**Fund**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|**£**|
|**Income**|||||||
|Donations and Legacies|2|
100|8,816|-|8,916|19,611|
|Other income|3|
3,000|-|-|3,000|4,564|
|Investment Income|4|
15,826|-|-|15,826|15,252|
|||______|______|_____|______|______|
|**Total Income and endowments**||18,926|8,816|-|27,742|39,427|
|**Expenditure**|||||||
|**On Charitable Activities**|5|
44,143|8,791|6,001|58,935|45,866|
|**Net Losses/(Gains) on**|||||||
|**investments**||||33,714|33,714|(28,607)|
|**Gains on revaluation of freehold**|9|
-|-|-|-|-|
|**property**|||||||
|||_______|___ __|_______|_______|______|
|**Net Income/Expenditure**||(25,217)|25|(39,715)|(64,907)|22,168|
|**Transfers between funds**||-|-|-|-|-|
|||______|______|_______|_______|______|
|**Net movements in funds**||(25,217)|25|(39,715)|(64,907)|22,168|
|Total funds at 6 April 2022||16,218|6,139|667,870|690,227|668,059|
|||______|____|_______|_______|_______|
|**Total funds at 5 April 2023**||(8,999)|6,164|628,155|625,320|690,227|
## **All operations are classed as continuing.**
_The notes on pages 9 to 15 form part of these financial statements_
Page 7
**George Hudson’s Charity**
**Balance Sheet**
**as at 5 April 2023**
|**Unrestricted**
**Restricted**
**Endowment**
**Income Fund Income Fund Capital Fund**
**Notes**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**Fixed Assets**
Property
9
-
-
40,717
Investment Property
10
-
-
112,500
Investments
11
-
-
455,018
-
-
608,235
**Current Assets**
Debtors
12
-
-
20,154
Balances at Bank
2,202
6,164
(234)
_______
_______
_______
2,202
6,164
19,920
Creditors: Amounts falling
due within one year
13
(11,201)
-
-
_______
_______
_______
**Net Current Assets**
(8,999)
6,164
19,920
**Net Assets**
(8,999)
6,164
628,155
**Represented by:**
**Funds**
14
(8,999)
6,164
628,155|**2023**
**£**
40,717
112,500
455,018
608,235
20,154
8,132
_______
28,286
(11,201)
_______
17,085
625,320
625,320
|**2022**
**£**
40,897
112,500
503,472
656,869
11,256
25,657
_______
36,913
(3,555)
_______
33,358
690,227
690,227|
|---|---|---|
Authorised & Approved by the Trustees on_________________
…………………………………………………….Trustee
…………………………………………………….Trustee
_The notes on pages 9 to 15 form part of these financial statements_
Page 8
**George Hudson’s Charity**
**Notes to the Financial Statements**
**for the year ended 5 April 2023**
## **1 Accounting Policies**
**a Basis of Preparation**
These unaudited financial statements have been prepared under the historical cost convention as modified by the inclusion of investments at market value, and in accordance with:
- i) the Statement of Recommended Practice: Accounting reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 (SORP 2019)
- ii) the Financial Reporting Standard applicable in the UK and republic of Ireland (FRS 102)
- iii) the Charities Act 2011
The unaudited financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these unaudited financial statements are rounded to the nearest £. **b Incoming resources**
Dividends are included in the Statement of Financial Activities when the right to receive payment is established.
Bank interest is included in the Statement of Financial Activities on receipt.
Cash donations are included in full in the Statement of Financial Activities as soon as they are received.
Rental income is included in the Statement of Financial Activities when receivable.
Investment gains and losses includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **c Expenditure and liabilities**
All expenditure, other than that which has been capitalised is included in the Statement of Financial Activities. The value of purchase invoices received before the year end but not paid until after the year end has also been included in the Statement of Financial Activities.
Grants payable to beneficiaries are included in the Statement of Financial Activities when the charity’s obligation has been established. The value of such grants that are unpaid at the year end is accrued.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## **d Fixed asset investments**
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The charity does not acquire put options, derivatives or other complex financial instruments.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
## **e Tangible fixed assets**
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Page 9
**George Hudson’s Charity**
**Notes to the Financial Statements**
**for the year ended 5 April 2023**
## **1 Accounting Policies** _**(continued)**_
## **f Depreciation**
Depreciation is calculated to write off the cost or valuation, less estimated residual value, of tangible fixed assets (excluding freehold land) over their estimated useful lives to the business. The annual depreciation rates and methods are as follows:
Improvements to property – 5% straight line
## **g Impairment**
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.
## **h Funds**
_Endowment funds_ are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Transfers to and from funds are made as designated by the trustees.
_Restricted funds_ represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the year end must be carried forward as a balance on that fund. Transfers to and from funds are made as designated by the trustees.
_Unrestricted (General) funds_ represent the funds of the charity that are not subject to any restrictions regarding their use and are available for application on the general purposes of the charity. Transfers to and from funds are made as designated by the trustees.
## **i Operating leases**
Lease income is recognised in profit and loss on a straight-line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
## **j Investment Property**
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
## **k Going Concern**
There are no material uncertainties about the charity’s ability to continue.
Page 10
**George Hudson’s Charity**
**Notes to the Financial Statements**
## **for the year ended 5 April 2023**
|**2**
**Donations and Legacies**
**2023**
**£**
Donations
8,916
Donations comprised of £100 unrestricted (2022: £10,491) and £8,816 restricted (2022: £9,120).
**3**
**Other Income**
**2023**
**£**
Rents receivable
3,000
Rents receivable comprised of £3,000 unrestricted (2022: £4,564)
**4**
**Income from investments**
**2023**
**£**
Dividends – Equities
15,777
Interest on cash deposits
49
UK fixed interest
-
________
15,826
Income from investments comprised of £15,826 unrestricted (2022: £15,252).
**5**
**Expenditure on Charitable Activities**
**2023**
**£**
_Education, Maintenance & Support of Beneficiaries_
Monthly cash payments
7,968
Clothing & footwear
8,791
Christmas bonus
700
______
17,459
_Management & Administration of the Charity_
Cleaner
311
Rates
256
Heat, light & water
374
Insurance
1,705
Repairs & maintenance
23,540
Depreciation (Endowment Fund)
180
Telephone
-
Postage
-
Administrator
2,350
Audit and accountancy
2,766
Management Fees (£4,905 Endowment Fund)
9,641
Mr Clarke
353
Legal & professional fees
-
Marketing
-
______
41,476
58,935
|**2022**
**£**
19,611
**2022**
**£**
4,564
**2022**
**£**
15,250
2
-
_______
15,252
**2022**
**£**
9,735
6,678
880
______
17,293
307
256
-
995
11,739
180
-
54
2,200
2,514
8,645
340
1,013
330
______
28,573
45,866|
|---|---|
Expenditure on charitable activities comprised of £44,143 unrestricted (2022: £34,103), £8,791 restricted (2022: £6,678) and £6,001 relating to the Endowment Capital Fund (2022 : £5,085)
Page 11
**George Hudson’s Charity**
**Notes to the Financial Statements**
**for the year ended 5 April 2023**
|**6**
**Staff Costs and Numbers**
Gross wages
|**2023**
**£**
2,350
_____
2,350|**2022**
**£**
2,200
_____
2,200|
|---|---|---|
No employee had employees benefits in excess of £60,000. The average number of employees during the period was 1 (2022: 1)
## **7 Trustees Remuneration, Expenses and Key Management Personnel**
During the current and preceding year, the trustees did not receive any remuneration.
During the year trustees were reimbursed for out of pocket expenses amounting to £nil (2022: £nil).
The key management personnel of the charity comprise of the secretary only. The total employee benefits of the key management personnel of the charity were £nil (2022: £nil)
|**8**
**Realised Gains & Losses on Investment Assets**
(Endowment Fund unless otherwise stated)
**Gains on Sale/Reorganisation of Investments**
Compass Group
IMI
PIMCO Global
Reckitt Benckiser
**Losses on Sale/Reorganisation of Investments**
Aviva
BHP Billiton Plc
Blackrock
MSIM Fund Mgmt Asia
Pimco
Smith + Nephew
|**2023**
**£**
-
4,058
-
815
______
4,873
(916)
-
(1,810)
(2,135)
(305)
(1,401)
_______
(6,567)
(1,694)
|_
_
|**2022**
**£**
3,694
-
213
-
_____
3,907
-
(303)
-
-
-
-
_____
(303)|
|---|---|---|---|
|||
|
3,604|
Page 12
**George Hudson’s Charity**
**Notes to the Financial Statements**
**for the year ended 5 April 2023**
|**9**|**Fixed Assets**|**2023**|**2022**|
|---|---|---|---|
||**Property**|**£**|**£**|
||**Cost**|||
||At 6 April 2022|41,100|41,100|
||Additions|-|-|
||**Fair Value at 5 April 2023**|41,100|41,100|
||**Depreciation**|||
||At 6 April 2022|203|23|
||Charge for the year|180|180|
||At 5 April 2023|383|203|
||**Fair Value**|||
||At 5 April 2023
**Net Book Value**|40,717|40,897|
||At 5 April 2022|40,897|41,077|
|**10**|**Investment Property**||**Property**|
||||**£**|
||**Fair Value**|||
||At 5 April 2023||112,500|
||At 5 April 2022||112,500|
||The property held within fixed assets and investment property is classified as a mixed-use property. The|||
||property was revalued on 23rdJune 2020 by Lofthouse & Partners on the basis of open market value.|||
||The historic cost of the building is as follows:|||
|||**2023**|**2022**|
|||**£**|**£**|
||Freehold property|5,460|5,460|
||Property improvement|79,468|79,468|
|||84,928|84,928|
||The historic cost is split on the same proportion as the fair value at 25%|fixed assets and 75% investment||
||property.|||
|**11**|**Fixed Assets Investments**|**2023**|**2022**|
|||**£**|**£**|
||Quoted U.K. Investments|||
||Market Value at 6 April 2022|503,472|474,849|
||**Less**Disposals at market value (Proceeds £14,164)|(34,820)|(14,164)|
||**Add**Acquisitions at Cost|18,386|17,785|
||Net Loss on Revaluation at 5 April 2022|(32,020)|25,002|
||Market Value at 5 April 2023|455,018|503,472|
||**Investments at market value comprised:**|||
||UK Equities|131,341|156,902|
||UK Fixed Interest Securities|-|-|
||Unit Trusts and Investment Trusts|323,677|346,570|
|||455,018|503,472|
||Historical Cost at 5 April 2023|392,135|408,600|
||There were individual investments held at 5 April 2023 which are over 5%|of the portfolio by value.||
|||**Market Value**|**%**|
||Blackrock FM|||
||Holding of 15,750|28,707|6.31|
||JP Morgan US Equity|||
||Holding of 23,000|34,063|7.49|
||Ishares|||
||Holding of 1,200|39,131|8.60|
||SSGA|||
||Holding of 660|35,914|7.89|
|**12**|**Debtors**|**2023**|**2022**|
|||**£**|**£**|
||Prepayments|-|256|
||Other debtors|20,154|11,000|
|||20,154|11,256|
Page 13
**George Hudson’s Charity**
## **Notes to the Financial Statements**
**for the year ended 5 April 2023**
|**13**
**Creditors: amounts falling due within one year**
**2023**
**£**
Accruals
11,201
_____
11,201
**14**
**Funds**
**B/fwd**
**Incoming**
**Outgoing**
**Gains**
**@ 06.04.22**
**Resources**
**Resources**
**Transfers**
**& (Losses)**
**@**
**£**
**£**
**£**
**£**
**£**
Endowment Fund
564,468
- (6,001)
- (777)
Other Reserves
103,402
-
-
- (32,937)
Total
________
______
_______
______
_______
Endowment Funds 667,870
- (6,001) - (33,714)
Restricted Funds:
Clothing Fund 5,939 8,816 (8,791) - -
Confectionery Fund
200
-
- - -
Total
________
______
________
______
________
Restricted Funds:6,139 8,816 (8,791) -
-
**B/fwd**
**Incoming**
**Outgoing**
**Gains**
**@ 06.04.21**
**Resources**
**Resources**
**Transfers**
**& (Losses)**
**@**
**£**
**£**
**£**
**£**
**£**
Endowment Fund
565,949
- (5,085)
- 3,604
Other Reserves
78,399
-
-
- 25,003
Total
________
______
_______
______
_______
Endowment Funds644,348
-
(5,085)
-
28,607
Restricted Funds:
Clothing Fund
3,497
9,120
(6,678)
-
-
Confectionery Fund
200
-
-
-
-
Total
________
______
________
______
________
Restricted Funds
3,697
9,120
(6,678)
-
-
|**2022**
**£**
3,555
_____
3,555
**Balance**
**05.04.23**
**£**
557,690
70,465
_______
628,155
5,964
200
_______
6,164
**Balance**
**05.04.22**
**£**
564,468
103,402
_______
667,870
5,939
200
_______
6,139|
|---|---|
The clothing fund represents a donation from the Sir John Priestman Charity to help towards the purchase of clothing vouchers to be distributed to the beneficiaries. There were some funds remaining at the year end.
The confectionery fund represents a donation received to purchase Easter eggs to distribute to the beneficiaries. At the balance sheet date £200 remained to be spent on Easter eggs.
|**@**
Unrestricted Funds
General Reserves
Other Reserves
Total
Unrestricted Funds
**@**
Unrestricted Funds
General Reserves
Other Reserves
Total
Unrestricted Funds|**B/fwd**
**Incoming**
**Outgoing**
**Gains**
**Balance**
**06.04.22**
**Resources**
**Resources**
**Transfers**
**& (Losses)**
**@ 05.04.23**
**£**
**£**
**£**
**£**
**£**
**£**
15,995
18,926
(44,143)
-
-
(9,222)
223
-
-
-
-
223
_______
_______
_______
_______
_______
_______
16,218
18,926
(44,143)
-
-
(8,999)
**B/fwd**
**Incoming**
**Outgoing**
**Gains**
**Balance**
**06.04.21**
**Resources**
**Resources**
**Transfers**
**& (Losses)**
**@ 05.04.22**
**£**
**£**
**£**
**£**
**£**
**£**
19,791
30,307
(34,103)
-
-
15,995
223
-
-
-
-
223
_______
_______
_______
_______
_______
_______
20,014
30,307
(34,103)
-
-
16,218|
|---|---|
Page 14
**George Hudson’s Charity**
**Notes to the Financial Statements**
**for the year ended 5 April 2023**
## **15 Related Party Transactions**
There were no related party transactions incurred during the year (2022: £nil) and £nil were outstanding to related parties at the balance sheet date (2022: £nil).
## **16 Analysis of Net Assets Between Funds**
||**Unrestricted**|**Restricted**|**Endowment**|**Total Funds**|
|---|---|---|---|---|
||**Income Fund**|**Income Fund**|**Capital Fund**|**2023**|
||**£**|**£**|**£**|**£**|
|Tangible Fixed Assets|-|-|40,717|40,717|
|Investment property|-|-|112,500|112,500|
|Investment|-|-|455,018|455,018|
|Other debtors|||20,154|20,154|
|Cash at bank|2,202|6,164|(234)|8,132|
|Creditors|(11,201)|
-|-|(11,201)|
||_______|______|_______|_______|
||(8,999)|6,164|628,155|625,320|
||**Unrestricted**|**Restricted**|**Endowment**|**Total Funds**|
|---|---|---|---|---|
||**Income Fund**|**Income Fund**|**Capital Fund**|**2022**|
||**£**|**£**|**£**|**£**|
|Tangible Fixed Assets|-|-|40,897|40,897|
|Investment property|-|-|112,500|112,500|
|Investment|-|-|503,472|503,472|
|Other debtors|255|-|11,001|11,256|
|Cash at bank|19,518|6,139|-|25,657|
|Creditors|(3,555)|
-|-|(3,555)|
||_______|______|_______|_______|
||16,218|6,139|667,870|690,227|
Page 15
INSERT 2022 INTrISTMENTS EXCEL SCHEDULE