The Hampton Settlement Trustees, report for the year ended 31 December 2022 The Trustees of the Trust submit Iheir annual report and the unaudited financial statements for the year ended 31 December 2022. The Trustees confimi Ihat the Annual report and financial Siatements of Ihc charity comply with the current statutory requircmcnts, the r¢quireThents of the charity's 8ov¢ming document and the provisions of the Slolcment of Recommended Pratlie£ (SORP), applicable lo Chariti preparing their accounls in acrdanCe with thc Financial Reporting Standard applicable in Ihe UK and R¢pLbbli¢ of Ireland (FRS 102). Reference and admlnislrative detafil$ Detsils of th¢ prin¢ipa5 addre4 Trustees, independeni advisors and other Televant information ar¢ given on pa8c I. Struclur< governanee and management Th¢ Hamplon Settlement has been OPBrntin8 since 7 January 2010 Is ID unincorporated Trust whith is recolSed as h•vin8 charitable ci>j¢¢lives. This TTUSt is 8overned and m4na8ed by a Commitle¢ of Trustees in ae¢ordance with the Trust Deed. Risk management The Truste¢s have overall r¢5ponsibilily for ensurin8 that th¢ Trust has in plxc an oppropriAl¢ syaem ofcontrols. finfyn¢ial and otherwiK to provid¢ r¢ascffjablc assurance that., the Trust is operating ¢fficiently and effectively. its a85¢1s are 5afe8uarded a8ainst unauthorizcd usc or disposition: proper records are maintained and financial inforMlon used within Ihe Trust or for publi¢alion 1$ reliable: Ih¢ Trust ¢omplies with relevant laws and UlationS. And the Ttust's syslems of financial control are designed lo provide r¢asonable, bul not absolute assur&n¢e against material misslaiemenl or lo. The major risks, lo which the Trust is ¢xposed. as ideniified by the TTU51e¢5, have been Tevi¢w¢d and sy$iems have been established to mitigale those risks. ObJeetlv¢s and ACtlvfitle&l public beneflt test The Hampton Settlement exi515 to maintain a Trust Fund for the benefit of the beneficiaries. The b¢neficiaric5 are voluntary youth work organisalions that meet certain ¢rileria and have objeclives regarding the help and edu¢8lion of young people in Northern Ireland primarily, bul not ¢x¢lusively, Ihrou8h iheir leisure activities with a vi¢w lo the developmenls of their physical, mental and spiritual capacilics. The dire¢¢ benefits which flow frorn the Hampton Sclllement includes improvin8 th¢ physical. mentsl and spiritual capabilitics of young p¢ople in Northern Ireland ihrou8h education servicu. durin8 Icisure pursuil$. Acblevements and performance The TDJst Fund has been held in a fixed interest deposi¢ a¢counl while the Trulees decide on th¢ b¢st invesiment oplions for the fvture of Ihe Trust Fund duTin8 2022. Th¢ Hampton Sdilcm¢ni has been looking for opportunilies during the year to help organisations through this diffiwlt period. During Ihc Iwelvc monih period ¢nded 31 December 2022. the Trust had net incoming r¢5our¢es of £2,697 {2021: £2,438). Financlal revlew The Stalement of Financial A¢livitie5 for the year is 5¢t out on page 5. The net incorning resources for the year amounl¢d ¢0 £2,697. compared wilh net incoming r¢souTce5 of £2.438 for the previous year. The ae¢umulated funds amounlcd to £835,277 as of 31 December 2022 (2021; £832.580),
The Hampton Settlement Trustees, report for the year ended 31 December 2022 {continued) FlnAnclil rlsk mAnagern¢nt The charity's operation5 ¢xpose Il lo a variety of financial risks thAI include the effecis of changes in liquidity risk and interest rate cash flow Tisk. The charity has in place a risk managem¢nl programme thal sceks to limit the adverse ¢ff¢¢¢s on the finoncial performance of Ihe charity by rnonitorin8 levels of cash and maintaining no d¢bi, Given th¢ siz¢ of the Charity, the Trnslees have not delegated the responsibility of moniloring financial risk management lo a subrfommillee of the board. Reserv Th¢ chaTity's policy is lo retain a level of reserves which matches the needs of the charilable charily both at Ihe ¢urrenl lime and in the for¢Keable future. This also allows the charity lo plan for future developments. This 15 estimated ai a reserve level of £10,000 and generkl reserves are currently above this level. The reserves policy is reviewed annually. Free reserves are those unre51ri¢td Teserve8 nol des1(¢d for, nor invested in fixed assets and which are avgilable for general use and can b¢ designated for fure d¢v¢lopments. PlaDS for future perlod$ The Hampton Settlement In1dS lo continu¢ lo eiiher relain Ihc Tnjsl Fund or 11 il and invcsl the proceeds in w upon any investmen15 auihoTised by law with power from lime lo lime to chang¢ Such inveslm¢nls upon Irust Ih4t both ihe income and the capital thereof shall be applied in the unfettered discretion of the Truslees to or for the benefil of any one or mor¢ of the B¢n¢fleliries. Statement of Trustee$, responslbilitie5 Th¢ Iruslees are responsible for preparin8 Ihe Trustee5' Annual Report and the financial slalements in accordance wlth applicable law and United Kin8dom Aecounling Slandords (United Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in Northem Ireland T¢quires the Irusi¢es to prepare fin•n¢ial Slatem¢nls fw each financi81 year which 8ive a true and fair view of lh¢ state of affairs of Ihe charity and of Ihe incoming resources and applicalion ofrcsourccs of (he charity for that period. In preparing these financiAI siatemenls, the truslces ar¢ required 10: s¢l¢cl suitable accounting policic5 and then apply them Cs)nsislenily* observe the meihods and principles in the Charilies SORP. mak¢ judgments and estimates Ihat are reasonable and prudent. sthie whether applicable a¢¢ounling s¢andards, comprisin8 FRS 102, hav¢ been followed, subject to any mal¢rial departure$ disclosed and explained in the financial slatemenll., and prepare the financial statemenls on the goiT)8 concern ba¥is unless11 is inapproprihle lo presume that the charlty wlll eonlinue in business. The tn151ees are Tespon$ibl¢ for kecping proper accounting records that disclose with reasonable accuracy al any lime the financial posilion of the ch&rity and en8ble them lo ensure thai th¢ financial 51alernen15 comply with the Charities Act (Northcrn Ireland) 2008 and The Charities (Ants and Reports) Re8ulalions (Northem Ireland) 2015. Th¢y ar¢ also responsible for safeguardin8 the assels of the ¢harity and h¢ncc for takin8 [SOnAble steps for the prevention and detection of fraud and oiher irre8ulariti¢s. The trustee8 ar¢ responsible for the maintenance and integrity of the charity and financial inforniation included on ihe charity's website. Legislation in the United Kingdom governing Ihe preparation and dibseminalion of financial slal¢m¢nls may differ from le8isl4tion in other juri5diGlions. y order of ihe Trustees aA¢ry PTof¢ssor Ann Mèric Gray Chalrperson