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||Page|
|---|---|
|Legal and admin¡strative information||
|ïrustees'annual report|.E|
|lndependent examlner'srepod||
|Statement of financial activities|7|
|Balance Sheet|B|
|Notestothe financial statements|9-13|





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|Name:|Hele's EducationalTrust|
|---|---|
|Registration Number:|810254|
|Pri ncipal/RegisteredAddress|EducationandLearning Finance|
||Room 180|
||DevonCountyCouncil|
||TopshamRoad|
||County Hall|
||Exeter|
||EX24QD|
|Trustees:|Barnes-Danny|
||Asvachin-Marina|
||Atkinson - Yvonne|
||Aves-SusannaMF (Chair)|
||Adams - Tracy|
||Hannaford-RobertMark|
||Leadbetter-Andrew|
||Prowse-Percy|
||Whitton-MarilynCarol(Vice Chair)|
|Dayto dayadministration||
|ClerktotheTrustees:|JHatton|
||123HamlinLane|
||Exeter|
|Finance|Educationand LearningFinance Team|
||Corporate Resources D¡rectorate|
||Room 180|
||DevonCountyCouncil|
||County Hall|
||TopshamRoad|
||Exeter|
||EX24QD|
|Bankers:|Lloyds Bankplc|
||234 HighStreet|
||Exeter|
||EX4 3NE|
|lndependentExaminer.|JohnCoombsMA(Cantab)FCA|
||SimpkinsEdwardsLLP|
||Chartered Accountants|
||Michael House|
||CastleStreet|
||Exeter|
||EX43LQ|
|lnvestmentAdvisors|CCLA-lnvestmentManagers|
||CharlesStanley lnvestmentManagers|





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|Summaryof financial|activity||
|---|---|---|
||2022|2021|
||Ê|e|
|lncome|73,290|68,057|
|Expenditure|41,O84|34,877|
|Surplus/(Deficit)|32,206|33,1B0|



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|||Unrestricted|Endowment2022Total|Endowment2022Total|2021Tolal|2021Tolal|
|---|---|---|---|---|---|---|
|||Funds|Funds||||
|||€|Ê|€||€|
|lncome andendowments from|||||||
|lnvestment income||72,887||72,887||67,650|
|Bank lnterest||e||ó||o|
|Grants received||400||400||400|
|Sundry lncome||0||0||1|
|Total|1|73,290||73,290||68,057|
|Expenditureon:|||||||
|Grants|2|19,148||19,148||20,904|
|Clerks honorarium andexpenses||5,187||5,187||1,500|
|Professional fees||8,950||8,950||4,920|
|lnvestment management charges||7,748||7,748||7,427|
|Accrued lnterest||51||51||126|
|Total||41,084||41,084||34,877|
|Surplus/(Defic¡t) onf¡xedassets||32,206||32,206||33,180|
|Assets (realised)|3||13,797|13,797||3,807|
|Assets (unrealised)|3||155,043|155,043||356,281|
|Netincome/(expenditure)||32,206|'168,840|201,046||393,268|
|Transfers||7,183|(7,183)||||
|Net movement in funds||39,389|161,657 201,046|||393,268|
|Reconciliationoffunds|||||||
|Totalfundsbrought forward||114,2202,499,063||2,613,2832,220,015|||
|Totalfundscarried forward||153,6092,660,720||2,814,3292,613,283|||





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||Notes||2022||2021|
|---|---|---|---|---|---|
|||L|€|€|r.|
|lnvestmentsatmarket value|3||2,660,720||2,499,063|
|Currentassets||||||
|Cash at bank||159,589||118,719||
|||159,589||118,719||
|Current liabilities||||||
|Creditors|7|5,980||4,499||
|||5,980||4,495||
|Netcurrentassets|||153,609||114,220|
|Netassets|||2,814,329||2,613,293|
|Representedby:||||||
|Endowment funds|5||2,660,720||2,499,063|
|Unrestricted funds|5||153,609||114,220|
||||2,914,329||2,613,283|





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|2,Grants|||
|---|---|---|
|Grants made inthe yearare analysed asshownbelow:-|||
||2022|2021|
||Ê|€|
|Toindividuals|||
|ICT Equipment||812|
|ActivitiesWeek|||
|||812|
|Toschoolsinthe Exeterarea|||
|ReadingSupport||6,900|
|Residentialvisits|1,410||
|Projects|7,000||
|RuralSkills/Building Projects|3,497|1,500|
|ICT Equipment|7,821|4,000|
|Guided ReadingOnline||499|
|Phonics System||6,000|
|OutdoorEquipment||2,365|
|Grants ReturnedRelating to<br>2020121|(580)||
|CancelledMusical lnstruments||(1,875)|
|(Creditorcancelled from2019/20)|||
||19,148|19,389|
|Tootherorganisations|||
|ChappelBequest||703|
|||703|
||19,148|20,904|





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|investmentisvalued|onthepublished|<br>marketpriceat 31Marchineach|<br>year.||
|---|---|---|---|---|
|Details|Number|lnitìal Cost<br>Valuê|Value|Increase/(decrease)|
|||March2022<br>March2021||in annual valueof|
|||||investments|
|||E<br>Ê|||
|COIF lncome Shares|7,238.56|27,273<br>140,960|129,761|'1'l,'199|
|COIF Char¡ty lnvestment|56,309.06|555,0881,096,534|1,009,41S|87,115|
|COIF Global Equity|64,837.84|82,049<br>172,715|<br>159,345|13,370|
|COIF Property|'138,977.59|249,456 180,282|<br>156,864|23,418|
|TotalCOIF|267.363.15|913,8661,590,491|1,455.389|135,102|
|Charles Stanley Cash Balance||1,695|1,328|367|
|TotalCharlesStanleyPortfolio||866,2081,068,534|1,042,346|26.188|
|Totallnvestments||1,780,0742,660,720|2,499,063|161.657|





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|nalysisofnetasset|sbetweenfunds||||
|---|---|---|---|---|
||Unrestricted|Endowment|Tolal 2022|Tolal202"1|
||Funds|Funds|||
||€|Ê|€|Ê|
|lnvestments||2,660,720|2,660,720|2,499,063|
|Current assets|159,589||159,589|118,719|
|Currentliabilities|(5,e80)||(5,e80)|(4,4ee)|
||153,609|2,660,720|2,814,329|2,613,283|



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|Chq.Ref,|PayeeDetail|Grant Detail|Chq. Total|
|---|---|---|---|
|||Clerk Honorarium1stOct 2021-31st||
|N/A|Hele'sClerk|March2O22|î.1,750|
|||Simpkins Edwards Examination||
|000534|Simpkins Edwards|Charge|81,920|
||St LukesCofE|||
|000532|Academy|Laptop3O11112021|î200|
|||Simpkins Edwards Examination||
|N/A|Simpkins Edwards|Charge|î2,110|
|Total|||€5,980|