Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **STATEMENT OF ACCOUNTS**
**YEAR ENDED**
**5 APRIL 2025**
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **CONTENTS**
||Page|
|---|---|
|Trust particulars|1|
|Trustees' report|2 - 3|
|Independent examiners’ report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes relating to the accounts|7 - 11|
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **TRUST PARTICULARS**
Year ended 5 April 2025
|Trustees|NJ Forman Hardy|
|---|---|
||JM Forman Hardy|
||Dr PG Sibly|
||V S Savile|
|Independent Examiner|Alison Fovargue|
||Cooper Parry Group Limited|
||Sky View|
||Argosy Road|
||East Midlands Airport|
||Castle Donington|
||Derby|
||DE74 2SA|
|Bankers|National Westminster Bank plc|
||16 South Parade|
||Nottingham|
||NG1 2JX|
|Registered charity number|1000687|
|Principal address|1stFloor|
||Toll Bar House|
||Landmere Lane|
||Edwalton|
||Nottingham|
||NG12 4DG|
1
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **TRUSTEES' REPORT**
Year ended 5 April 2025
The Report of the Trustees of The Forman Hardy Charitable Trust is presented for the year ended 5 April 2025.
## **Reference and administrative information**
The Forman Hardy Charitable Trust, registered charity number 1000687, operates at 1[st] Floor, Toll Bar House, Landmere Lane, Edwalton, Nottingham, NG12 4DG.
The Trustees are Mr Nicholas J Forman Hardy, Mrs Jane M Forman Hardy, Dr Paul G Sibly and Victoria S Savile. The Trustees meet at least three times each year.
## **Structure governance and management**
The Forman Hardy Charitable Trust was formed under a Deed of Settlement dated 19 September 1990 and a Deed of Variation dated 27 July 1999.
The power of appointing new Trustees is vested in the Founder, who is Mr Nicholas J Forman Hardy. The service of and facilities for Trustees are provided by Forman Hardy Holdings Limited.
## **Objectives and Activities**
The Trust exists to benefit a wide range of charitable activities but primarily focusing on the charitable needs of the City of Nottingham and County of Nottinghamshire, and does so by making donations and grants.
## **Achievements and performance**
During the year the Trust made donations and grants totaling £101,850 (2024: £94,150).
Investments are held which are considered by the Trustees to be appropriate in terms of both income generation and capital growth for the purposes of the Trust.
## **Public benefit**
The Trustees confirm that they have paid due regard to the Charity Commission’s guidance on public benefit.
## **Reserves policy**
It is the policy of the Trust to maintain unrestricted reserves which provide sufficient funds to cover grants and donations, management and administration costs on an annual basis.
At 5 April 2025, £2,659,951 (2024: £2,706,902) was held in unrestricted funds. This is freely available and it is the Trustees’ intention to retain these assets within the Trust to fund the normal annual expenditure referred to above.
## **Review of the year**
The Trust continued to have close links with the Nottingham based homeless charity Emmanuel House. The CEO and Chair of Emmanuel House update the Trustees on a regular basis. A further £21.5k was donated in 2025.
2
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **TRUSTEES' REPORT CONTINUED**
Year ended 5 April 2025
## **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 England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state 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, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to 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 operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They are also responsible 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 confirm that the attached accounts for the year ended 5 April 2025 comply with current statutory requirements and with the requirements of the Deed of Settlement dated 19 September 1990 and the Deed of Variation dated 27 July 1999.
**NJ Forman Hardy** Trustee
Date: 07 January 2026
3
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF**
## **THE FORMAN HARDY CHARITABLE TRUST**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2025 which are set out on pages 5 to 11.
## **Respective responsibilities of Trustees and examiners**
As the charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the act.
## **Independent examiners’ statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alison Fovargue FCA Sky View Argosy Road East Midlands Airport Castle Donington Derby DE74 2SA
Date: 12 January 2026
4
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
Year ended 5 April 2025
|**Notes**
**Income from**
Investment income
2
**Total income**
**Expenditure on**
Charitable activities
- Grants
3
- Management and administration of the charity
4
**Total expenditure**
Loss on sale of investments
Net gains on investments
**Net (loss)/income for the year**
Fund balance brought forward at 6 April 2024
**Fund balance carried forward at 5 April 2025**|**2025**
**£**
41,830
**41,830**
(101,850)
(5,449)
**(107,299)**
-
18,518
**(46,951)**
2,706,902
2,659,951|**2024**
**£**
34,395
**34,395**
(94,150)
(5,419)
**(99,569)**
(4,011)
91,138
**21,953**
2,684,949
2,706,902|
|---|---|---|
The notes on page 7 – 11 form part of these financial statements.
5
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **BALANCE SHEET**
||At 5 April 2025|||
|---|---|---|---|
||**Notes**|**2025**|**2024**|
|||**£**|**£**|
|**Fixed assets**||||
|Investments|5|2,531,286|2,507,469|
|**Current assets**||||
|Debtors|6|395|186|
|Cash at bank||131,718|202,635|
|||132,113|202,821|
|**Creditors:**amounts falling due within one year|7|(3,448)|(3,388)|
|**Net current assets**||128,665|199,433|
|**Net assets**||2,659,951|2,706,902|
|**Funds**||||
|Unrestricted funds||2,659,951|2,706,902|
Approved by the Trustees on
|**NJ Forman Hardy**
Trustee||
|---|---|
|……………………………………………..
Geby:
248161E1435C432|07 January 2026|
|**JM Forman Hardy**
Trustee||
|Signed by:||
|………………………………………………..
Jane Forman Hardy
5E6A1EAGF4A04D2.|………………………………………………..
12 January 2026|
|**Dr PG Sibly**
Trustee||
|Signed by:||
|…………………………………………..
06 January 2026
Paul Sthly
C9D1B868E0C8487.||
|**V S Savile**
Trustee||
|…………………………………………..
06 January 2026
(Vconeby:
5B19114CAC23451|06 January 2026|
The notes on page 7 – 11 form part of these financial statements.
6
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **NOTES RELATING TO THE FINANCIAL STATEMENTS**
Year ended 5 April 2025
## **1 Accounting policies**
## **a) Basis of accounting**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The Trust constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Charities Act 2011.
The accounts are prepared in £ sterling and rounded to the nearest £1.
The Trust constitutes a public benefit entity as defined by FRS 102.
## **b) Going concern**
At the time of signing these financial statements, the Trustees are confident that the Trust has adequate resources to continue in operation and, accordingly, have adopted the going concern basis in preparing the financial statements.
## **c) Grants and donations**
Grants and donations are accounted for on the basis of amounts paid during the accounting period.
## **d) Investment income**
Investment income is accounted for on the basis of amounts receivable in the accounting period.
## **e) Expenditure recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
## **f) Support costs allocation**
Support costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objectives of the charity. The analysis of these costs is included in note 4.
7
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **NOTES RELATING TO THE FINANCIAL STATEMENTS**
Year ended 5 April 2025
## **1 Accounting policies (continued)**
## **g) Cash flow statement**
In accordance with FRS 102 as applicable to small charities, a cash flow statement has not been prepared.
## **h) Investments**
Quoted investments are stated at market value as required by the Statement of Recommended Practice (SORP 2019 FRS 102) Accounting and Reporting by Charities.
Changes in market value are taken to the Statement of Financial Activities as they arise.
|**2**
**Investment income**
Bank interest
Dividends|**2025**
**£**
2,139
39,691
41,830|**2024**
**£**
2,323
32,072|
|---|---|---|
|||34,395|
8
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **NOTES RELATING TO THE FINANCIAL STATEMENTS**
Year ended 5 April 2025
|**3**
**Grants**
Beaumond House Hospice
Belvoir Cricket and Country Club
Childline NSPCC
Children’s Bereavement Centre
Cornwater Evergreen
Criminon UK
Cruse Bereavement
Emmanuel House
Framework
Foodcycle
Headway Nottingham
Improving Lives Notts Ltd
Literacy Volunteers
Meadows Food Bank
Muslim Hands
NCFC Community Fund
Nottingham Arimathea Trust
Nottingham Arts Theatre
Nottingham Music Service
Nottingham Refugee Forum
Nottingham Young Musician of the Year
P Lord - Alzheimers/Parkinson
Portland College
Reach Learning Disability
REACT
Renewal Trust
Safe Families
Scottish Game & Wildlife Conservation Trust
St Annes Allotment
St Annes Community Orchard
St Mary’s Childrens Choir
St Mary's Magdalene Church, Newark
STAA Ltd
Standing in this Place
Stone Soup Academy
Stonebridge City Farm
Strongbones Children’s Charitable Trust
The Arches (Trent Compassion Trust)
The University of Sheffield
The University of Edinburgh
Welbeck Primary School
Amounts under £1,000
Grants in the period
Total Grants to institutions|**2025**
**£**
2,000
10,000
--
1,000
1,000
-
-
-
21,500
4,000
1,000
-
-
1,000
-
1,500
-
2,000
1,000
1,000
-
3,000
-
1,000
-
1,000
2,000
-
-
-
-
5,000
-
3,000
5,000
2,500
-
2,000
2,000
15,000
1,000
2,000
10,350
101,850
101,850|**2024**
**£**
-
-
1,000
-
1,000
1,000
1,000
20,000
4,000
-
2,000
2,000
1,000
1,000
-
1,000
-
-
1,000
2,000
-
1,000
1,000
1,000
-
1,000
1,000
1,000
1,000
1,000
5,000
5,000
1,000
-
2,000
3,000
-
1,000
15,000
-
2,000
14,150|
|---|---|---|
|||94,150|
|||94,150|
9
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **NOTES RELATING TO THE FINANCIAL STATEMENTS**
Year ended 5 April 2025
## **3 Grants (continued)**
## **Type of grant**
|Medical
Education
Children/youth
Elderly
Homeless
HM Forces
Performing arts
Christian/Religious
World relief agencies
Environmental
Other
Grants in the period|**2025**
**£**
25,800
9,000
3,000
-
26,000
2,250
5,000
5,550
500
-
24,750
101,850|**2024**
**£**
24,050
9,000
4,750
3,500
24,000
2,250
6,000
5,550
500
1,300
13,250
94,150|
|---|---|---|
## **4 Management and administration of the charity**
|Independent examination fee
Annual management fee
Bank charges
**Investments**
Market value at 6 April 2024
Dividends at cost reinvested
Sales at valuation
Revaluation
**Market value at 5 April 2025**
Cost at 5 April 2025
The market value of investments at 5 April 2025 was represented as follows:
Quoted UK Managed Funds|**2025**
**£**
1,408
3,960
81
5,449
**2025**
**£**
2,507,469
5,299
-
18,518
2,531,286
1,372,632
100%|**2024**
**£**
1,378
3,960
81|
|---|---|---|
|||5,419|
|||**2024**
**£**
2,480,343
-
(64,012)
91,138|
|||2,507,469|
|||1,367,333|
|||100%|
## **5 Investments**
10
Docusign Envelope ID: 9BA7A0C5-535D-4EC3-8231-5FC492816409
## **THE FORMAN HARDY CHARITABLE TRUST**
## **NOTES RELATING TO THE FINANCIAL STATEMENTS**
Year ended 5 April 2025
|**6**
**Debtors**
Accrued interest
**7**
**Creditors:**amounts falling due within one year
Accruals|**2025**
**£**
395
395
**2025**
**£**
3,448
3,448|**2024**
**£**
186|
|---|---|---|
|||186|
|||**2024**
**£**
3,388|
|||3,388|
## **8 Related Party Transactions**
The Forman Hardy Charitable Trust holds 535,070 units (2024: 535,070) of the WS T. Bailey Global Thematic Fund A Accumulation Class. The market value of the units at 5 April 2025 is £1,098,177 (2024: £1,113,320).
The trust also holds 2,050,521 units (2024: 2,050,521) of the WS T. Bailey Multi-Asset Dynamic Fund A Income Class. The market value of the units at 5 April 2025 is £1,433,109 (2024: £1,394,149).
These funds are managed by T. Bailey Asset Management Limited. NJ Forman Hardy is a director of T. Bailey Holdings Limited which owns T. Bailey Asset Management Limited.
## **9 Controlling Party**
The Trustees consider that there is no controlling party.
11