2025-04-05-accounts

Fu! CHARITY COMMISSION | Independent examiner's report on the (a3) FOR ENGLAND AND WALES accounts

Section A Independent Examiner’s Report

On accounts for the year 5 April 2025 Charity no 4002178 ended (if any) Set out on pages Three to Twenty | report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 5 April 2025. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent [The charity's gross income exceeded £250,000 and | am qualified to examiner's statement undertake the examination by being a qualified member of [meer-reame-oF eppieable-tsted-bedy]]. Delete [] if not applicable. |CAEW

• | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (eteemthrer-tret diselesed-betew *) which gives me cause to believe that in, any material respect: e the accounting records were not kept in accordance with section 130 of the Charities Act; or

• e the accounts did not accord with the accounting records; or e the accounts did 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.

| 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. * Please delete the words in the brackets if they do not apply. — 4 <j Signed: Wh MipwF Date: | 12 February 2026 (ws Relevant professional qualification(s) or body Chartered Accountant regulated by the ICAEW

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IER
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Oct 2018

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Address: | Mansfield & Co, Chartered Accountants
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55 Kentish Town Road

London NW1 8NX

Section B

Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose.

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Oct 2018
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Charity number: 1002178

THE JOHN HEMINGWAY CHARITABLE TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

PA.

THE JOHN HEMINGWAY CHARITABLE TRUST

eeeee CONTENTS

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Page| |Reference|and|administrative|details|of the|charity,|its|trustees|and|advisers|1| |Trustees’|report|2-3| |Independent|examiner's|report|4-5| |Statement of financial|activities|6| |Balance|sheet|7| |Statement|of cash|flows|8| |Notes|to|the financial|statements|9-16|

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THE JOHN HEMINGWAY CHARITABLE TRUST

ma as a i a a ee ee EE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025

Trustees

Mrs C Robinson Mrs R Hemingway

The Morgan Trust Company Limited

Charity registered number

1002178

Principal office

Second Floor, 41 St James's Place, London, SW1A 1NS

Accountants

Mansfield & Co, 55 Kentish Town Road, Camden Town, London, NW1 8NX

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THE JOHN HEMINGWAY CHARITABLE TRUST

i SSBe a TRUSTEES’ REPORT FOR THE YEAR ENDED5 APRIL 2025

The Trustees present their annual report together with the financial statements of the charity The John Hemingway Charitable Trust for the year ended 5 April 2025.

Objectives and Activities

a. Policies and objectives

The objectives of the Trust fall into three categories being short term - one off gifts as may be suggested at any time by one of the Trustees, medium to long term - donations to three established charities as well as two other regular recipients and long term - bursary. The Trustees’ policy is to utilise the Trust's assets, income and gifts to achieve these objectives.

b. Activities for achieving objectives

The Trustees continually review the most appropriate methods for generating the funds necessary to achieve their objectives

c. Main activities undertaken to further the charity's purposes for the public benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit and are confident that there is an identifiable public benefit.

Achievements and performance

a. Key financial performance indicators

The Trust generates income from donations and investment income. In the period to 5 April 2025, donations of £40,000 were received as well as investment income of £74,772. The Trustees consider that with the capital value of the Trust and the income received, they are able to meet their objectives.

b. Review of activities

The Trustees would like to express their thanks to those who have donated to the Charitable Trust during the year.

The donations received by the Charitable Trust was used to assist a number of different types of appeals which are of significant interest to the trust.

c. Investment policy and performance

The Charitable Trust holds shares in Troy Income and Growth Trust, City of London Investment Trust, Scottish American Investment Company, Consistent Practical Investment Trust and Cazoo Group Limited.

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THE JOHN HEMINGWAY CHARITABLE TRUST

eon Foe 8 A ws ES ee i Re ee TRUSTEES' REPORT (continued) FOR THE YEAR ENDED5 APRIL 2025

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Structure, governance and management

a. Constitution

The principal object of the charity is to assist a number of different types of appeals which are of significant interest to the trust.

There have been no changes in the objectives since the last annual report.

b. Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Organisational structure and decision making

The Trust is managed by the Trustees. All decisions are made by the Trustees at regular meetings held not less than three times a year. The Trust has no employees.

Funds held as custodian

There are no funds held as custodian.

This report was approved by the Trustees, on 9 January 2026 and signed on their behalf by:

Mrs C Robinson Trustee

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THE JOHN HEMINGWAY CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025

Independent examiner's report to the Trustees of The John Hemingway Charitable Trust (the ‘charity’)

| report to the trustees on my examination of the financial statements of The John Hemingway Charitable Trust (‘the charity’) for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes.

This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the charity's trustees those matters | am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions | have formed.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

As permitted by Direction 2, issued by the Charity Commission the firm for which | work has provided the Company with bookkeeping services during the year ended 5 April 2025. As a consequence | have followed the requirement of the FRC’s Ethical Standard when undertaking this assignment.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently | express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner's statement.

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THE JOHN HEMINGWAY CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED5 APRIL 2025

Independent examiner's statement

| have completed my examination. | can confirm that no 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 2011 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.

| 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.

Signed:

Dated: 9 January 2026

David Mansfield FCA

Mansfield & Co Chartered Accountants

55 Kentish Town Road Camden Town, London NW1 8NX

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THE JOHN HEMINGWAY CHARITABLE TRUST

A i ee SSE EEE EE ————————— SS STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 5 APRIL 2025

		Unrestricted	Total	Total
		funds	funds	funds
		2025	2025	2024
	Note	£	x	£
Income from:
Donations and legacies	2	40,000	40,000	40,000
Investments	3	74,772	74,772	74,687
Total income		114,772	114,772	114,687
Expenditure on:
Governance costs	4	12,951	12,951	15,124
Charitable activities	4	291,009	291,009	130,015
Total expenditure		303,960	303,960	145,139
Netexpenditure before investment gains		(189,188)	(189,188)	(30,452)
Netgains on investments		5,894	5,894	-
Net expenditure before other recognised gains and
losses		(183,294)	(183,294)	(30,452)
Gains/(losses) on revaluations offixed assets		(19,076)	(19,076)	33,699
Net movement in funds		(202,370)	(202,370)	3,247
Reconciliation offunds:
Total funds broughtforward		2,036,086	2,036,086	2,032,839
		1,833,716	1,833,716	2,036,086
Totalfundscarriedforward		ee)	eee,

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 16 form part of these financial statements.

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THE JOHN HEMINGWAY CHARITABLE TRUST

BALANCE SHEET AS AT 5 APRIL 2025

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£|£|£| |Fixed|assets| |Investments|7|1,782,359|1,979,771| |Current|assets| |Cash|at|bank|and|in|hand|60,626|76,178| |Creditors:|amounts|falling|due|within|one| |year|8|(9,269)|(19,863)| |Net|current|assets|51,357|56,315| |Net assets|1,833,716|2,036,086| |Charity|Funds| |Unrestricted|funds|9|1,833,716|2,036,086| |Total funds|1,833,716|2,036,086|

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The financial statements were approved by the Trustees on 9 January 2026 and signed on their behalf, by:

Mrs C Robinson, Trustee

The notes on pages 9 to 16 form part of these financial statements.

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THE JOHN HEMINGWAY CHARITABLE TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED5 APRIL 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Note|£|£| |Cash|flows|from|operating|activities| |Net cash|used|in|operating|activities|a4|(274,554)|(98, 155)| |Cash|flows|from|investing|activities:| |Dividends,|interest|and|rents|from|investments|74,772|74,687| |Proceeds|from|sale|of|investments|255,769|-| |Purchase|of|investments|(71,539)|(31,593)| |Net cash|provided|by|investing|activities|259,002|43,094| |Change|in|cash|and|cash|equivalents|in|the year|(15,552)|(55,067)| |Cash|and|cash|equivalents|brought|forward|76,178|131,239| |Cash|and|cash|equivalents|carried|forward|12|60,626|76,178| |The|notes|on|pages|9|to|16|form|part|of these|financial|statements.|

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THE JOHN HEMINGWAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. Accounting policies

1.1 Basis of preparation of financial statements The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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 notes to these accounts. 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) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The John Hemingway Charitable Trust constitutes a public benefit entity as defined by FRS 102.

1.2 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

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THE JOHN HEMINGWAY CHARITABLE TRUST

EIEe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

1. Accounting policies (continued)

• 1.4 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliabily in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.6 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

2: Income from donations and legacies

	Unrestricted funds	Total funds	Total funds
	2025	2025	2024
	£	£	£
Donations	40,000	40,000	40,000
Total2024	40,000	40,000

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THE JOHN HEMINGWAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

3. Investment income

	Unrestricted	Total	Total
	funds	funds	funds
	2025	2025	2024
	£	£	£
Dividends from listed securities	73,401	73,401	73,761
Interest Income	1,371	1,371	926
	74,772	74,772	74,687
Total2024	74,687	74,687

4. Charitable expenditure

Charitable expenditure for the year is as follows

Donations

	Unrestricted	Total	Total
	funds	2025	2024
	£	£	£
Harley Foundation Mill Hill	12,750 -	12,750 -	12,750 5,000
RothermereAmerican Institute	10,000	10,000	10,000
StAndrews Church Grinton	4,500	4,500	4,000
The Lotus Foundation	7,991	7,991	8,109
Ellen MacArthurCancerTrust	255,768	255,768	-
Woksop College Grinton Award	-	-	90,156
Total	291,009	291,009	130,015
Total2024	-	-

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THE JOHN HEMINGWAY CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

Governance costs

	Unrestricted	Total	Total
	funds	funds	funds
	£	2025	2024
		£	£
Accountancy fees	3,428	3,428	2,798
Trustees fees	7,107	7,107	10,382
Broker fees	2,416	2,416	1,944
Interest	a	=	--
Total	12,951	12,951	15,124
Total2024	=	-

5. Transactions with trustees

During the year The Morgan Trust Company Limited received a fee of £7,107 (2024 - £10,382) for professional services provided.

6. Independent examiners’ remuneration

The Independent Examiner's remuneration amounts to an Independent Examination fee of £ 960 (2024 - £ 960).

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		THEJOHN HEMINGWAY CHARITABLE TRUST		:
		NOTES TOTHE FINANCIAL STATEMENTS
		FORTHEYEAR ENDED 5 APRIL 2025
7.	Fixed asset investments
				Listed
				securities
				£
	Market value
	At 6 April 2024			1,979,771
	Additions			71,539
	Disposals Revaluations			(235,520) (33,431)
	At 5 April 2025			1,782,359
	Investments at market value comprise:
			2025	2024
			£	£
	Listed investments		1,782,359	1,979,771
	All the fixed asset investments are held in the UK
8.	Creditors: Amounts falling due within one year
			2025	2024
			£	£
	Trade creditors		450	6,717
	Accruals and deferred	income	8,819	13,146
			9,269	19,863

7. Fixed asset investments

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THE JOHN HEMINGWAY CHARITABLE TRUST

cS Bm ee a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

9. Statement of funds

Statement of funds - current year

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at|Gains/|Balance|at| |6|April|2024|Income|Expenditure|(Losses)|5|April|2025| |£|£|£|£|£| |Unrestricted|funds| |Designated|Funds-|all funds|2,036,086|114,772|(303,960)|(13,182)|1,833,716| |Statement|of funds|-|prior year| |Balance|at|Gains/|Balance|at 5| |6 April 2023|Income|Expenditure|(Losses)|April 2024| |£|£|£|£|£| |Designated|Funds-|all funds|2,032,839|114,687|(145, 139)|33,699|2,036,086| |Summary|of funds|- current year|

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at|Gains/|Balance|at| |6|April|2024|Income|Expenditure|(Losses)|5|April|2025| |£|£|£|£|£| |Designated|funds|2,036,086|114,772|(303,960)|(13,182)|1,833,716| |Summary|of funds|-|prior year| |Balance|at|Gains/|Balance|at|5| |6 April 2023|Income|Expenditure|(Losses)|April 2024| |£|£|£|>a|£| |Designated|funds|2,032,839|114,687|(145, 139)|33,699|2,036,086|

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THE JOHN HEMINGWAY CHARITABLE TRUST

areta a EEE EEE —————E——————S a

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

10. Analysis of net assets between funds

Analysis of net assets between funds - current year

Analysis of netnet assets between funds - current yearcurrent yearyear
	Unrestricted	Total
	funds	funds
	2025	2025
	£	£
Fixed asset investments	1,782,359	1,782,359
Current assets	60,626	60,626
Creditors duewithin one year	(9,269)	(9,269)
	1,833,716	1,833,716
Analysis ofnetassets between funds- prioryear
	Unrestricted	Total
	funds	funds
	2024	2024
	£	i
Fixed asset investments	1,979,771	1,979,771
Current assets	76,178	76,178
Creditors duewithin oneyear	(19,863)	(19,863)
	2,036,086	2,036,086

1. Reconciliation of net movement in funds to net cash flow from operating activities

		2025	2024
		£	£
	Netexpenditure fortheyear (as perStatement of Financial Activities)	(183,294)	(30,452)
	Adjustment for: Gain on investments	(5,894)	-
	Dividends, interestand rentsfrom investments (Decrease)/increase in creditors	(74,772) (10,594)	(74,687) 6,984
	Netcash used in operating activities	(274,554)	(98,155)
12.	Analysis ofcash and cash equivalents
		2025	2024
		£	£
	Cash in hand	60,626	76,178
	Total	60,626	76,178

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THE JOHN HEMINGWAY CHARITABLE TRUST

SBEEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

13. Related party transactions

There were no related party transactions.

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