The Hampton Settlement Annual Report and unaudited financial statements for the year ended 31 December 2022 Charity number NIC102421 The Hampton Settlement Unaudited financial statements for the year ended 31 December 2022 Pages Reference and administrative details Trustees, Report Independent examiner's report Statement of financial activities Balance sheet Statement of Cash flows Notes to the financial statements 8-11 The Hampton Settlement Reference and administrative details Chairperson Honorary Secretary Professor Ann Marie Gray Liam Hannaway Vice Chairperson Honorary Treasurer Jim Nicholson OBE Cathal Maneely Trustees Professor Ann Marie Gray Jim Nicholson OBE Liam Hannaway Cathal Maneely Registered Office I Principal Office 14 College Square North Belfast BTI 6AS Bankers Danske Bank Limited Donegall Square West Belfast BTI 6JS Solicitors Carson & McDowell Murray Street Belfast BTI 6DN Chartered Accountants Maneely Mccann Chartered Accountants Chartered Accounlanls & Siatulory Auditors Aisling House 50 Siranmillis Embankment Belfa51t BT9 5FL The Hampton Settlement Trustees, report for the year ended 31 December 2022 The Trustee5 of the Trust submit their annLtal report and the unaudited financial statements for the year ended 31 December 2022. The Trustees confirni that the Annual report and financial statements of the charity comply with the current slatulory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP). applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Reference and administrative details Details of the principal address, Trustees, independent advisors and other relevant information are given ¢)n page l. Structure? governance and management The Hampton Settlement has been operating since 7 January 2010 a5 an unincorporated Trust which is r¢cognised as having charitable objectives. This Trust is governed and managed by a Committee of Trustees in accordance with the Trust Deed. Risk management The Trustees have overall responsibility for ensuring that the Trust has in place an appropriate system of controls, financial and othcnvise, to provide reasonable assurance that- the Trust is operating efficiently and effectively- its assets are safeguarded against unauthorized use or disposition,. proper records are maintained and financial infomation used within the Trust or for publication is reliable,. the Trust complies with relevant laws and regulations,. and the Trust's systems of financi&l control are designed to provide reasonable, but not absolute assurance against material misstatement or loss. The major risks. lo which the Trust is exposed. as identified by the Trustees have been reviewed and systems have been established lo miligale those risks. Objectives and aetivities/ public benefit test The Hamplon Settl¢ment exists to maintain a Trust Fund for the benefit of the beneficiaries. The beneficiaries are voluntary youth work organisations that meet certain criteria and have objectives regarding the help and education of young people in Northem Ireland primarily, bul not exclusively, through their leisure activitics with a view lo the developmcnls of their physical, mental and spiritual capacities. The direct benefits which flow from the Hampton Settlement includes improving the physical, mental and spiritual capabilities of young people in Northem Ireland through education services, during leisure pursuit5. Achievements and performanee The Trust Fund has been held in a fixed interest deposit account while the Trustees decide on the be51 investment options for the future of the Trust Fund during 2022, The Hampton S¢ltlement has been looking for opportunities during the year lo help organisations through this difficult period. During the twelve month period ended 31 December 2022. the Trust had net incoming resources of £2,697 {2021.' £2.438). Financial review Th¢ Statement of Financial Activities for the year is set out on page 5. The net incoming resources for the year arnounted to £2,697, compared with nel incoming resources of £2.438 for the previous year. The accumulated funds amounted to £835,277 as of 31 December 2022 (2021.. £832,580). The Hampton Settlement Trustees, report for the year ended 31 December 2022 (continued) Flnaneial risk management The charity's operations expose it lo a variety of financial risks that include the effects of changes in liquidity risk and interest rate cash flow risk. The charity has in place a risk management programme that seeks lo limit the advers¢ effe¢ls on the financial performance of the charity by monitoring levels of cash and maintaining no debt. Given the size of the charity. the Trustees have not delegated the responsibility of monitoring financial risk management to a sub-committee of the board. Reserves The charity's policy is to relain a level of reserves which matches the needs of the charitable charity both at the current time and in the foreseeable future. This also allows the charity to plan for future developments. This is estimated at a reserve level of £10,000 and general reserves are currently above this level. The reserves policy is reviewed annually. Free reserves are those unrestricted reserves not designated for, nor invested in fixed assets and which are available for generdl use and can be designated for future developrnents. Plans for future periods The Hampton Settlement intends to continue to either relain the Trust Fund or sell it and invest the proceeds in or upon any investment5 auihorised by law with power from time to lime to change such investments upon trust that both the inwme and the capital thereof shall be applied in the unfettered discretion of the Tru51ees lo or for the benefit of any one or more of the Beneficiaries. Statement of Trustees, responsibilities The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. th¢ trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgments and estimates that are reasonable and prudcnt,. state whether applicable accounting standards. comprising FRS 102, have been followed, subject lo any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustee5 are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time th¢ financial position of the charity and enable them to ensure that the financial 51atemenls comply with the Charities Act (Northern Ireland) 2008 and The Charities (Accounts and Report5) Regulations (Northern Ireland) 2015. They are also responsibl¢ for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees arc responsible for the maintenan¢¢ and integrity of the charity and financial inforniation included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ froTn legislation in other jurisdictions. By order of the Trustees Professor Ann Marie Gray Chairperson The Hampton Settlement Independent examiner's report to the charity trustees of The Hampton Settlement (the "Trust") I report on the accounts of the Trust for the year ended 31 December 2022. which are set out on pages 5 to I l. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. Examine the accounts under section 65 of the Charities Act. Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Aet. State whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the a￿oUnts presented with those records. It also tneluded consideration of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state where any material maters have come to my attention giving me cause to believe-. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charitie5 Act. That there is further information necded for a property understanding of the accounts lo be reached. Independent examiner's statement I have completed my examination and have no concems in respect of the matters (l) to (4) listed above and, in connection with the following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing lo your attention. Edel Kerr Independent Examiner Aisling House 50 Stranmillis Embankment Belfast BT9 5FL 2qIIiL4. The Hampton Settlement Statement of fjnancial activities for the year ended 31 December 2022 2022 2021 Note Incoming resources Incoming resources from generated funds - Investment income 2,853 2,853 2,470 2,470 Total Incoming resources Resources expended 156 32 Total resources expended Net ineoming resources for the year Reeonciliation of funds Total funds brought fonvard Total funds Carried forward 156 32 2.697 2,438 832,580 835,277 830,142 832,580 All amounts above relate lo continuing unrestricted operations of the Trust. The Hampton Settlement Balance sheet as at 31 December 2022 2022 2021 Note Current assets Debtors 1,838 833.439 1,838 830,742 Cash al bank and in hand Creditors- amounts falling due within on¢ year Net assets 835,277 832,580 Trust funds Unreslricled funds 835,277 832,580 The financial statements on pages 5 to I I were approved by the Trustees on 13 and were signed on its behalf by.. Professor Ann Marie Gray Chairperson Cathal Maneely Honorary Treasurer The Hampton Settlement Statement of Cash flow statement for the year ended 31 December 2022 2022 2021 Note CAsh flows from operating activities Nel cash provided by operating activities Change in eash and eash equivalents in the yeAr Cash and cash equivalents al the beginning of year C#5h and cash equivalents at the end of the year io 2,697 2,697 830,742 833,439 2,188 2.188 828,554 830,742 The Hampton Settlement Notes to the financial statements for the year ended 31 December 2022 Accounting policies The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 2015 - (Charities SORP {FRS102)). The principal accounting policies which have been applied consistently throughout the year, are set out below. Incoming resources Voluntary ineome Voluntary ineome is received by way of donations and sponsorships gifts and is included in fvll in the Statement of Financial Activities when receivable. Other incoming resources Other income is included in full in the Statement of Financtal Activities when received. Grants Revenue grants are Credited to incoming resources on the earlier dale of when they are received or when they are receivable, unless they relate to a specifie future period in which case they are deferred. Impairment of non-finaneial assets At each balance sheet date non-financial assets not carried at fair value are assessed to determine whether there is an indication that the asset (or asset's cash generating unit) may be impaired. If there is such an indication the recoverable amount of the asset (or asset's cash generaling unit) is compared to the carrying amount of the asset (or asset's cash generating unit). The rewverable amount of the asset (or asset's cash generating unit) is the higher of the fair value less costs to sell and value in use. Value in use is defined as the present value of the future cash flows before interest and tax obtainable as a result of the asset's (or asset's cash generating unit) continued in use. These cash flows are discontinued ustng a pre-tax discount rate that represents the current market risk-free rate and the risks inherent in the asset. If the recoverable amount of the asset (or asset's cash generating unit) is estimated to be lower than the carying amount, the carrying amount is reduced to it5 recoverable amount. An impainnent105S is recognised in the statement of financial activities. If an irnpairnienl loss is subsequently reversed, the carrying amount of the asset (or asset's cash generating unit) 15 increased the revised estimate of ils recoverablc amount, but only lo the exlenl that the revised carrying amount does not exceed the carrying amount that would have been delennined (net of depreciation or amort15alion) had no impaimient loss been recognised in prior periods. A reversal of an impaimjent Ios5 is recognised in the statemcnt of financial activities. Resources expended All expenditure is accounted for on an a¢¢ruals basis and has been ¢l&ssified under headings that aggregate all c051s related to the category. Where costs cannot be directly attributed to particular headings they have been allocat￿ lo activities on a basis con51Stent with use of the resource5. Cost of generating funds These include direct expenditure and overhead costs incurred in generating fvnds for the Trust. The Hampton Settlement Notes to the financial statements for the year ended 31 December 2022 Accounting policies (continued) Charitable activities Charitable expenditure comprises those costs it)curred by the Trust in the delivery of its aclivilie5 and services for its beneficiarie5. It includes both costs that can be allocated directly to such activities and those Costs of an indirect naNre necessary to supply them. Governance eosts Govemance costs include those incutred in the Governance of its assets which are associated with constitutional and statt]tory requirements. Taxation The Trust is recognised by the HM Revenue & Customs as a charity and, accordingly. ha5 no liability to laxalion on its charitable a¢livilies. Financial instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instrumen15 are initially r¢cognised al transaction price and subsequently measured at their settlement value, unless the arrangement constitutes a financing transaction. Financing transactions are initially measured at the present value of the ￿tUre receipts discounted al a market rale of interest. and are subsequently Ca￿led al amortised cost, using the effective interest rale method. Fund accounting All funds received are unrestricted in use and are expendable al the discretion of the Trust in furtherance of the objects of the Trust. Critical accounting judgements and estimation uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Ci-iticaljiidgemenls in applying the enlily's accoiinlingpolicie There are Do critical judgements in applying the company's accounting policies. Critical accoiinting eslimales and assiimplions There are no critical accounting estimates and assumptions. The Hampton Settlement io Notes to the financial statements for the year ended 31 December 2022 Incoming resources from generated funds 2022 2021 Investment income Bank interest 2,853 2,853 2,470 2,470 Incoming resources from generated funds Charitable activities 2022 2021 Vouchers Accountancy fees Bank Fees 156 32 156 32 Analysis of staff costs, trustee remuneration and expenses, and the key cost of key management personnel The Trust employs no staff and therefore no key management personnel that needs to be disclosed (2022: Nil). The Trustees received no emoluments or reimbursement of expenses during the year {2022: Nil). No indemnity insurance for Trustees. liability has been purchased by the Trust (2022: Nil) Taxation The Trust is a registered charity, and as such 15 entitled to certain lax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Trust's primary objectives. if these profi15 and surpluses ar¢ applied solely for charitable purposes. Creditors - amounts falling due within one year 2022 2021 Accruals Debtors - amounts falling due within one year 2022 2021 Accrued income 1,838 1,838 1,838 1,838 The Hampton Settlement li Notes to the financial statements for the year ended 31 December 2022 Statement of funds At l January 2022 At31 December Income Expenditure 2022 Total funds 832,580 2,853 156 835,277 10 Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Net In￿rne for the year (as per Statement of financial activities) {Decrease)/lncre2se in creditors (Increase) in debtors Net cash provided by operating activities 2,697 2,438 (250) 2,697 2.188 11 Financial instruments The company has the following financial instrument held at amortised cost 2022 2021 Cash al bank and in hand 833,439 830,742 12 Related party transactions and ultimate controlling party There were no related party transactions during the year (2022: Nil). There is no ultimate controlling party.