2025-03-31-accounts - Eric Hosking Trust

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REGISTERED CHARITY NUMBER: 1018588

`Report of the Trustees and`

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Eric Hosking Trust

Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR

The Eric Hosking Trust

`Contents of the Financial Statements for the Year Ended 31 March 2025`

	`Page`
`Report of the Trustees`	`1 to 3`
`Independent Examiner's Report`	`4`
`Statement of Financial Activities`	`5`
`Balance Sheet`	`6`
`Notes to the Financial Statements`	`7 to 10`
`Detailed Statement of Financial Activities`	`11`

The Eric Hosking Trust

`Report of the Trustees for the Year Ended 31 March 2025`

Throughouthislonganddistinguishedcareer,EricHoskingOBE,HonFRPS,FBIPP(1909-1991),was widely
acknowledgedas one of the world's most eminent naturalhistoryphotographers.The superb qualityof his images,  his
meticulouscareforhissubjectsandhisboundlessenthusiasminspiredthreegenerationsofyoungnaturalists and
photographers to follow in his footsteps. Following his death, the Eric Hosking Trust was established in his memory.

The Trustees have pleasure in presenting their report with the financialstatementsof the charity for the year ended 31
March2025.TheTrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The Charity'saim is to maintainand if possible,increasethe valueof its investmentsto continueto fulfilits objectives
statedbelow.At the same time,the Trusteesconsiderthe importanceof continuingto attractapplicationsof  suitable
quality to enable awards to be made.

The Charity'sobjectivesare to promotethe advancementof educationthroughthe encouragementof the production
of photographs,paintings,illustrationsand writing of scientificand educationalvalue relatingto naturalhistory,with  a
particularemphasisonornithology,forpublicationor exhibitionandtheencouragementof excellenceinsuch works,
orofanysuchotherexclusivelycharitableobjectsandpurposesintheUnitedKingdomorinanyotherpartof the
world as the Trustees shall in their discretion think fit.

`Significant activities`

The Charity has provided two bursaries in the year under review.

Thefirstwasfor£1,376.26toRobHuntonforLandInterpretationBoardsatSpurnBirdObservatory.The five
interpretationboards will provide educationalresources about the natural habitatsand biodiversityand will be seen  by
many visitors.

Thesecondwasfor£1,000toBTOYouthRepresentativeJose-MariaKimburiforhisapplication'Bioverse TV:
UnpluggingfromSocialMedia'.Thisproject,whichisaimedatyoungerpeople,willemphasisetheimportance of
disconnectingfromthebusynessofeverydaylife,spendinglessscreentimeandreconnectingwithnatureand the
natural world.

`Public benefit`

TheTrusteesconsiderthattheyhavecompliedwiththedutyregardingPublicBenefitasdetailedinsection4of the
Charities Act, having due regard to guidance published by the Charity Commission.

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

TheCharity'smainachievementthisyearhasbeentoselecttwothoroughlydeservingcandidatesforthe bursaries
mentioned above.

`FINANCIAL REVIEW`

`Reserves policy`

The Trust's investments are currently managed by appropriately qualified professional advisors.

The Trust's policy has been to utilise a proportionof the unrealisedgain on its investmentsto pay selected bursaries. In
recentyears,theTrusteeshavedeterminedtoreducetheriskprofileoftheinvestments,consideringwhat they
perceivetobeamorevolatilefinancialclimate.TheTrust'sinvestmentsarenotnecessarilydesignedto provide
sufficientincometocoverannualawards,andtheTrustees,underthepowersconferredontheminthe Trust's
settlement,are preparedwhere necessaryto utilisea portionof the Trust'scapitalto facilitatethe continuationof  the
grantofsuitableawards.However,ifnosuitableapplicationsareforthcominginanyparticularyear,theTrustees do
not consider themselves duty bound to make any awards.

Page 1

The Eric Hosking Trust

`Report of the Trustees for the Year Ended 31 March 2025`

`FUTURE PLANS`

The Trusteesplan to continuewith the same policyof attractingworthwhileapplicationsto make appropriate awards.
At the same time, they are consciousof the fact that taken as a whole, the investmentsof the Trust are relatively small
andasaresulttheywillconsideranysuitableopportunitytomergetheinvestmentsoftheTrustwith another
charitable body whose aims are similarly aligned.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The Charity is controlled by its governing settlement document, duly signed on 1 March 1993.

`Recruitment and appointment of new trustees`

The power of appointingan additionalor new Trustee or Trustees is vested in the Original Settlor, Mr D Hosking, during
his lifetime,andafterhis deathin the Trustees.Trusteesdo notretainofficefor anyspecificnumberof yearsand are
notrequiredtoretireandstandforreappointment.NewTrusteeshave,inthepast,beenappointedbecauseof the
deathorillnessofanexistingTrustee.ThesettlementagreementoftheCharitydoesnotprovidefora minimum
number of Trustees.New Trusteesare appointedbased on their experience,their empathytowardsthe Charity's aims
and their willingnessto act. The skills of potentialnew Trusteesare consideredand how those skills would benefit the
Charity as a whole.

The inductionprocess for new Trustees involves an initialmeeting with the Chairmanof the Trustees who provides the
newTrusteewithrelevantinformationregardingthehistoryandbackgroundoftheTrustanditsprojects. New
Trusteesare introducedto all existingTrustees,who are availableto answer any questionsthe new Trustee may  have.
They are given a brief history of the Trust, and informationabout any current applicationsfor bursaries,if appropriate.
Theyarealsofurnishedwithcopiesofpreviousyears'annualreportsandaccounts,minutesofrecent Trustee
meetings,a copy of the Settlementdocumentand they are encouragedto accessthe Charity'sCommission's guidance
papers"TheEssentialTrustee:WhatYouNeedtoKnow,WhatYouNeedToDo"and"CharityTrustee: What's
Involved".

`Organisational structure`

Trusteesmeetasappropriateandarefurnishedwithanyapplicationsforbursaries,suchapplications having
undergone a preliminarypre-selectionby the Settlor and one of the other Trustees.At Trustee meetings, the  Trustees
review the financialperformanceof the Trust over the previous year and determine the strategyfor the following  year.
This involves considerationof current funding levels, anticipateduse of funds, recent and proposed fundraising efforts,
any immediate needs raised in connectionwith the Charity'scurrent project(s)and risk managementconcerns, policies
and procedures.

`Risk management`

TheTrusteeshaveconsideredthemajorriskstowhichtheCharityisexposedandhavereviewedthoserisks and
establishedsystemsandprocedurestomanagethoserisks.ThemajoroperationalrisktotheCharityis financial; the
Trusteesbelievetheyhave mitigatedthisrisk by the appointmentof an experiencedfundmanageranda reduction in
the risk profile of the Trust's investments.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

`Principal address`

5 Pightles Lane
Rectory Road
Hollesley
Suffolk
IP12 3JU

Page 2

The Eric Hosking Trust

`Report of the Trustees for the Year Ended 31 March 2025`

`Trustees`

D Hosking
M J Hosking
D E Balmer
E Keeble
P Williams
R Hosking
R Chandler

`Independent Examiner`

Michael Mortimer FCA FCCA (Senior Statutory Auditor)
Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

`STATEMENT OF TRUSTEES' RESPONSIBILITIES`

The trusteesare responsiblefor preparingthe Reportof the Trusteesandthe financialstatementsin accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charitylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw,the trustees
haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).

Under charitylaw the trustees must not approve the financialstatementsunless they are satisfied that they give a  true
and fair view of the state of affairs of the charityand of the incomingresources and applicationof resources, including
theincomeandexpenditure,ofthecharityforthatperiod.Inpreparingthosefinancialstatements,thetrustees are
required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionof thecharityandtoenablethemtoensurethatthefinancialstatementscomplywith the
CharitiesAct2011andTheCharity(AccountsandReports)Regulations2008.Theyarealsoresponsible for
safeguardingthe assets of the charityand hence for takingreasonablesteps for the preventionand detectionof fraud
and other irregularities.

Approved by order of the board of trustees on 30 January 2026 and signed on its behalf by:

D Hosking - Trustee

Page 3

Inde ndent Examiner's Re ort to the Trus The Eric Hoskin Trust esof Independent examiner's report to the trustees of The Eric Hosking Trust I report to the charity trustees on my examination of the accounts of The Eric Hosking Trust (the Trust) for the year ended 31 March 2025. Responslbilitles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 2011 {'the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llb) of theAct. Independent examlner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection wlth the examination giving me cause to belleve that In any material respect: accountlng records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or 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 8ive a true and fair vlew which is not a matter considered as part of an independent examination, I have no concerns and have come acros5 no other matters In tonnection wlth the examination to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Michael Mortimer FCA FCCA (Senlor Statutory Auditor) Knights Lowe Chartered Accountants Eldo House Kempson Way Suffolk Business Park Buryst Edmunds Suffolk IP32 7AR 30January 2026 Page 4

The Eric Hosking Trust

`Statement of Financial Activities`

`for the Year Ended 31 March 2025`

2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
40
Investment income
3
75
Total
115
EXPENDITURE ON
Charitable activities
Bursaries and Prizes awarded
2,376
Other
1
Total
2,377
Net gains on investments
25,749
NET INCOME/(EXPENDITURE)
23,487
RECONCILIATION OF FUNDS
Total funds brought forward
24,990
TOTAL FUNDS CARRIED FORWARD
48,477 2024
Total
funds
£
127
102
229
2,840
25
2,865
1,171
(1,465)
26,455
24,990

The notes form part of these financial statements

Page 5

The Eric Hosking Trust

`Balance Sheet`

`31 March 2025`

`2025` `Unrestricted` `fund` `Notes` `£` `FIXED ASSETS` `Investments` `7` `48,134` `CURRENT ASSETS` `Cash at bank` `343` `NET CURRENT ASSETS` `343` `TOTAL ASSETS LESS CURRENT LIABILITIES` `48,477` `NET ASSETS` `48,477` `FUNDS` `8` `Unrestricted funds` `48,477` `TOTAL FUNDS` `48,477`	`2024` `Total` `funds` `£` `24,746` `244`
	`244`
	`24,990`
	`24,990`
	`24,990`
	`24,990`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30January2026 and
were signed on its behalf by:

D Hosking - Trustee

The notes form part of these financial statements

Page 6

The Eric Hosking Trust

`Notes to the Financial Statements for the Year Ended 31 March 2025`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CharitiesAct 2011. The financialstatementshave been preparedunder the historicalcost convention,with the
exception of investments which are included at market value.

`Income`

All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Grants offered subject to conditionswhich have not been met at the year end date are noted as a  commitment
but not accrued as expenditure.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`2. DONATIONS AND LEGACIES`

`DONATIONS AND LEGACIES`
	`2025`	`2024`
	`£`	`£`
`Book Sales`	`40`	`32`
`Print Sales`	`-`	`95`
	`40`	`127`

continued...

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The Eric Hosking Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 31 March 2025`

`3. INVESTMENT INCOME`

`INVESTMENT INCOME`
	`2025`	`2024`
	`£`	`£`
`Investment income`	`75`	`102`
`SUPPORT COSTS`
		`Finance`
		`£`
`Other resources expended`		`1`

`4. SUPPORT COSTS`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`127`
`Investment income`	`102`
`Total`	`229`
`EXPENDITURE ON`
`Charitable activities`
`Bursaries and Prizes awarded`	`2,840`
`Other`	`25`
`Total`	`2,865`
`Net gains on investments`	`1,171`
`NET INCOME/(EXPENDITURE)`	`(1,465)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`26,455`
`TOTAL FUNDS CARRIED FORWARD`	`24,990`

continued...

Page 8

The Eric Hosking Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 31 March 2025`

`7. FIXED ASSET INVESTMENTS`

`FIXED ASSET INVESTMENTS`
	`Listed`
	`investments`
	`£`
`MARKET VALUE`
`At 1 April 2024`	`24,746`
`Additions`	`48,134`
`Disposals`	`(24,746)`
`At 31 March 2025`	`48,134`
`NET BOOK VALUE`
`At 31 March 2025`	`48,134`
`At 31 March 2024`	`24,746`

There were no investment assets outside the UK.

`8. MOVEMENT IN FUNDS`

`MOVEMENT IN FUNDS`
			`Net`
			`movement`	`At`
		`At 1.4.24`	`in funds`	`31.3.25`
		`£`	`£`	`£`
`Unrestricted funds`
`General fund`		`24,990`	`23,487`	`48,477`
`TOTAL FUNDS`		`24,990`	`23,487`	`48,477`
`Net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`115`	`(2,377)`	`25,749`	`23,487`
`TOTAL FUNDS`	`115`	`(2,377)`	`25,749`	`23,487`
`Comparatives for movement in funds`
			`Net`
			`movement`	`At`
		`At 1.4.23`	`in funds`	`31.3.24`
		`£`	`£`	`£`
`Unrestricted funds`
`General fund`		`26,455`	`(1,465)`	`24,990`
`TOTAL FUNDS`		`26,455`	`(1,465)`	`24,990`

continued...

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The Eric Hosking Trust

`Notes to the Financial Statements - continued for the Year Ended 31 March 2025`

`8. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`229`	`(2,865)`	`1,171`	`(1,465)`
`TOTAL FUNDS`	`229`	`(2,865)`	`1,171`	`(1,465)`

A current year 12 months and prior year 12 months combined position is as follows:

		`Net`
		`movement`	`At`
	`At 1.4.23`	`in funds`	`31.3.25`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`26,455`	`22,022`	`48,477`
`TOTAL FUNDS`	`26,455`	`22,022`	`48,477`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:

	`Incoming`	`Resources`	`Gains and`	`Movement`
	`resources`	`expended`	`losses`	`in funds`
	`£`	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`344`	`(5,242)`	`26,920`	`22,022`
`TOTAL FUNDS`	`344`	`(5,242)`	`26,920`	`22,022`

`9. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 March 2025.

Page 10

The Eric Hosking Trust

`Detailed Statement of Financial Activities`

`for the Year Ended 31 March 2025`

	`2025`	`2024`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Book Sales`	`40`	`32`
`Print Sales`	`-`	`95`
	`40`	`127`
`Investment income`
`Investment income`	`75`	`102`
`Total incoming resources`	`115`	`229`
`EXPENDITURE`
`Charitable activities`
`Grants to institutions`	`2,376`	`2,840`
`Support costs`
`Finance`
`Bank charges`	`1`	`25`
`Total resources expended`	`2,377`	`2,865`
`Net expenditure before gains and losses`	`(2,262)`	`(2,636)`
`Realised recognised gains and losses`
`Realised gains/(losses) on fixed asset`
`investments`	`25,749`	`1,171`
`Net income/(expenditure)`	`23,487`	`(1,465)`

This page does not form part of the statutory financial statements

Page 11