Cliai'ity Nuinber.. 1038566 HUGHES TRAVEL'fRUST TRIIS'IEES, ANiYUAL RCPORT & b'lNANCIAL STATEMENTS 31 AUGUST 2023 Wilson Pai'lnei3 Liiiiitcd Clian¢ery House, 30 St Joliiis Road, Wokihg, Siiirey GU217SA
HUCHES TRAVEL TRUST Pagc I l-RUSI'fi,ES' ANNUAI, RLVOIIT foj. tlie yeai. cDded 31 August 2023 Tlie li'ustees prcseiit tlieii. reporl aloiig witli tlie fiiiaiicial stateinents of tlie cliarity l-luglies I ravel Ti-ust (referied to as'tlie Trusl") foi. tlie ye21. elided 31 August 2023.'1'lie compaiative period was tlie yearended 31 August 2022. 'I'he financial stateinents coimply with tlie Cliai'ities A¢t 201 Accoullting and Repoiting by Cliarities.. Slatcinent of Rccominended Pj'actice applicable to chai'itie% pi'cparing tlieii. accoiinls in accordance witli tlie Finaiicial Ilepoiting Staiidai'd applicable in tlie UK aiid Repiibli¢ of Irclaiid IFRS 102) (effective l Jaiiuayy 20191. REI f4ERENCL AND ADMINISTIiATIVE DEI'AILS Tlie ti'ustees of tlie cliarity, wlio l)ave l)eld office sii)ce I September 2022, are as follows.. P C Aston A Lewis C D Parsons A Patcrsoji A Turner {rcsigii¢d 12101120241 {rcsigned 12101120241 (Irsigned 0310412025) A Diffey was appointed as trustee aftei. 31 August 2023 but prior to tlie dale of tliis IEpoil. The pi'incipal addrcss of tlie cliayity 15 tlie offices of Hughe5 Ti?vel Trust at Clianceiy House, 30 St Jolins Road. Woking, Suri'ey. GU2175A. The cliai'ity is i'egisleied under tlie charity nllmbei. 1038566. Tlie trustee5 have made the following professional appointments.. Solicitor.. Fayi'er & Co LLP, 66 Liiicoln's Inn Fields, Loiidon WC2A 3LH Accountant- Wilson Partners Lin11ted, Cliaiicery House, 30 St Joliiis Road, Wokin.. Surrey GU217SA Bankcrs.. Lloyds TSB, 73-75 Fligli slrcct, Staines, Middlesex TWI 8 4PP Handelsbanket), 2 Queens SquaiE, Lyndhui"st Road, A5cuI, SL5 9fE STRUCTURE, GOVERNANCE AiYD MANAGEMCI NT Status & Hi5loi'y Huulies Ti?vel Trust was originally setup as a trust uiidei'a deed dated l Julle 1994 and became a registeird chai'ity 011 13 June 1994. Tlie cliaritable trust is goveriied by tlie rules and I'egulatioiis set dowii IJJ its original tiwst deed ddted l June 1994. Oi'ganisgtional Sli'ucture The ove1411 %tratcgic diyeclioii of Ihe Ti'iist 15 deteriiiined by the trustee5, wlio air a15Q IESPOtisible foi. tlie day-to- day inaiiagement of Ilie ¢liarity. 'fiie Irustccs woll¢ closely togethei., holdii)g iiieetinu5 &q tieeded aiid otlicrwise keeping iti tou¢li witli oiie anotlier thr()iigli informal discussions tliat take place eitlier face to face, ovei. tlie teleplione, or by e-lnail. Sub-coithjnittees Tlie Trust does not currently use sub-¢oinillittees oftlie bOal of trustee5 to assist in the managcment of the cliarity
IIUGHESTRAVEL'I'RUST Page 2 'I'RUSI'f4 Li S, ANiYUAL Rr.poii'i' for Ilie ytgj. eNded 31 Augu%t 2023 Metliod of Reci'uitiiieiit, liiduction & Ti'aiiiiiig of Trustees Recj'uilpppenl Wliere additional or replaceineilt tl'LlStees are needed. the existiiig trustees will draw up a sliort list of ¢oinpeteiit, expei'ieiiced pei'sojis. Tliis is assessed by i'efeience to pei-.qoiial bu5iDe%s expei-ieiice, cui'i'ent ti'usteesliips and any ki)owii expertise. References froiii iiiipaitial expcrieiiced eldei's aniuiig tlie Bretliien are soughi. Indiiclion & 7i'aining Ti-ustee iiidiicti()ll is provided ill a meetlllg throiigli a piE5enlation by the existing tivstees setting oiit the followit]g'. The objcctives of tlie Tivst., Tlie terms of tlie irust deed., Tlie cliaritablc nature of tlie'frust's activities; OffJ¢e proceduies atid i'espoiisibilities. Trustee duties. Details of the exact I[C that tlic iiew Irustee is expected to fulfil., and All as5¢ssiiient of any additional ti'aiiiing that Jiiay b¢ I'equii'ed. Additiotjal training is provided eithei. by one of the existing trustecs or is outsourced wliere necessary. Policy for i'emun¢rating l(ey iii#n%geineJit personnel Tlic ti'ustee5 I¥1io are the key Inaiiageinent personnel manage the day to day oper3tioJis of the trust. They receive no remuiiei'atlOl1. Risk & GovernAnee Mgttei'5 Tlie ti'ustees #re geneially I'isk avei-se and will try wlieiEver possible to ensiiiE tliat the'fru51 fulfjls its charitable obje¢tives willi a iiiiniiiiuin possible exposure to i'isli. Thc tl'U5tees aiE coi)iinuing ti) docuiiieiil the chai'ity's I'isk piofilc and to foi'nialise ilieir approach to risk Inaiiageiiieiit. Tliey liave already tal<en sigiiifi¢anl slcps to address key financial i'isks Ilirougli updated sy%teins and coiitrols.
IIUGHESTRAVEL TRUSI, Pag¢ 3 TRIIS-I'LI Ci S> ANNUAL RF.PORT foi. Llie yeAI' endLd 31 Augusl 2023 Ti'ustecs Responsibilities iii tlie Pi'¢p81'litioii of f4iiiAiicial St#teEiieiJts The tl'lLStees are i'esponsible for pieparing tli¢ Iriistees, aiiniial J'cpoi'l and the financial staleiiients in accordance with applicable law and United Kingdoin Accounting Standaids Iuiiite(I Icingdotn Generally Accepled Accounting Practice). The law applicable to ¢liarsties in Englaiid & Wales requires the trustees to prepare finaiicigl slateiiieiils for cacli finaiicial yeai. wliicli give a ii'Lie aiid fair view of tlic state of affairs ofihe cliai'ity and of tlic iiitoniing IE50urces aiid applicatioii of resouites of tlie chai-iiy for tlial period. Iii preparing thosc fiiiancial staten)ents. tlie I¥ustees are reqiiired to.. sclect suitable accouiiting policies and then apply tliein consisteiitly. obsei've tli¢ nieiliods and pi'iticiples in tlie Chai'ilics SORP IFRS 1021. make judgeiiieiils and estimates that ale ieasollable and pi'udent. state wlietlier applicable accountivg stalldai'd5 have been followed. subject to any imaterial departui'es disclosed aiid explaiiied in ihc fjiiancial slateiiiet)Is' alld prepaie Ilie financial siatcnieiits oil the going concei'n basis unless Éi is inappropriate to presume tliatthe ¢h3rity 'nie ti-ustees al'e iesi)onsible foi. keeping piupci. accouiitino records tl)at di5¢1ose witli i'ea%onable accuracy at any Cliai'ities Att 2011 aiid tlie provisio1)% of t]ie ti'ust deed. miey are also i'cskK)nsible foi. safeguarding Ilie a8sets of the chai'ity and heiice foi. taking irasoi)able step5 foi. the preventioji and detectioji of fi'aud ld othei. iri'egularities. OIIJCI CTIVES AND AcfiviTIES Charit&ble Objectives Tlie ¢liaritable objectives for ivliicli tlie cliarity was establislied are tli¢ ielief of poveity aiid sickiiess aiid tlie advaiiceiiient of religion amongst tlic BTetlii'en. Chai'itAble Activitles The trust is iio longei. actively orgatiising Iravel ai'i'aiigeiiicjils to aid the IEligious piii'PDses of the Breil)reii. Accoi'dingly, tl)e tiuslees coiitlDually i'eview liow the trust can best fiirilier it5 cliai'itable objective, iiainely 'l'lie relicf of poverty aiid 5i¢kness aiid ilie advallceiiient of i'eligion aniongst the Bretlii-en. Gi'aiit Mgking Policy Hiiglies Ti3vel Tiust is not primarily a grant making chaiity, hawever specific Teqiiests for fiinding and assistance ib considei'ed oji a case-by-case basis by tlie trustecs, who Inakc the final decision regarding tlje giviiig of any grants. ReprestiitAtion on Otliei. Bodies Tlie TTUSt does not ¢ui'reiitly pursue its charilable obj¢¢tives Ihrougli i'epre5entalion oil any otlier bodies.
HUCHCI S TRAVIL TRUSI. Pag¢ 4 TRIIS'I'LI f4.S' ANNUAI. RCI PUIIT foi. Ilit yeai. ciided 31 August 2013 OBJECTivfi.S AND ACTIVITIES {Contillue<ll Publie Benefit Tlie trustees have takeii The Chai'ity Coinmission's specific ai)d gcllei?I guidance oji public beiiefit (contained withi13 the guidance piiblication 'l'lic Advancciiieiit of Religioii for thc Public Benefit" and with tlie i'evised guidance publication"Charitie5 and Public Bencfit") into coiisi(leiation wlieii ieviewitig tlieii. aims aiid objectives, aiid ill planiling tlieir futurc activities. FINANCIAL REVIEI W FinAncial Rtsults of Activitie5 & Iv¢nts The Trust generated total illconJing i'esour¢es of £96,659 {Year elided 31 August 2022.. £2,854) and eypended resources of £108,624 (Year elided 31 Augu%t 2022.. £313,792), principally in reqpect of providiiig fiiiiding to 5upporL ti'avel costs to aid Ilie rcligious puyposes of tlie Bretliren and Inaking grants to ¢liaritable insltlutions. Future developiiients In 202212023 tl)e trustees rcviewed liow tlie tl'LlSt can be%1 fiii'tlier its cliaritablc objectlvc. llainely 'Tlie ielief of poverty and sickness and tlie advanceinent of i'eligion aniongst the Bretliien" the ¢liarity will continiie to provide funding to support travel costs and inake gYantS to ¢haritable instilutioiis. Gi'aiit Mgkiiig In 202212023, tlie Tiust gave £iiil in giants12021122.. £21,350) to cliarilable iiislitutions, see note 3. Fundraising Tlie 'fru5tees lake tlieii- rcsponsibility uiidei. tlie Cl)ai'ities {Pix)tection aiid Social Iiivestiiieiit) A¢t 2016 seriously and liave con8idei.cd tlie iimplication oil tlieii. aclivities. Tliechai'ity does not activcly raise fuiids OL. solicit donaliorts diie¢ily fiN)In tlie genei'al public. Tlie Cliarity does iiot woi'lc dii'ectly witli coiniiiercial .qpoiisoi's iii i'elation to fi]ndTaising. I'lie Trustees are not aware of any cojiiplaints niade iii i'espect of fundi'8ising dui'iiig the period. Resei'ves Policy Tl)e"frec J'eserves" {general utJi'csti'ict¢d fund less fixcd assets) of tlie Cliarity at 31 August 2023 aniountcd to £1,785,241 131 Aligllst 2022.. £1,797,206). It is Ilie trustees, view that it is pi-udeiit lo maiiitaiii tliat accuniulated level of fire reserves wliilst tliey IEfle¢t on lio1¥ bcst to fui'ihci. th¢ ¢l)ai'ilable objectives of Ilie li'ust.
HUGIIES TRAVLL TRIJSI- PRge S TRUSI'LI r.s' ANNUAL REI POIIT roi. Ilie yeai. ciided 31 August 2023 FINANCIAL REVIEW (Continued) Investment$ Policy The ti'usiees are eii)powered to invest any Inoney that tlie Trust d0¢5 llot iminedialely Jieed in such a Inaiiner as tlicy niay deteriiiine. Iii pi'actice. the Irustee5 historically lield the Ti'u5t's"free IEsei'ves' as cash in iiilcrest beai'ii)g bank accuurtts to e115ure Ilial siifficient liqiiidity 1$ maintaiiied to enable payimetit in advance for charter flight5 as aiid when Itquiitd, but also lo maxiTnise ietums upoii Il)05e casl) funds it] tlie sliort tei'jii. The triistees al'e considering options lo diversify tlicir itlvestinents and seeking prudent investinents to generate a retlli on the resej'vcs wliilst Ill tliis pei'iod of J'efle¢tion. Dui'ing 202212023, the Tiiist's'free reserves" held as cash genernted iiivestnient income of £15,684 (202112022.. £1,965). Tliis ieport was approved by the tiiistees on 23 June 2025, and was signed for aitsd on behalf of tlie boaiyj by C D P3rsons Ti'ustce A Turncr TrLlStee
Page 6 INDEPLiNDf,NT EIXAMINF.R'S RLPORT TO'I'HC TRUSI"LEIS OF HUGHLS TRAVLL'I'IIUST Xijdepeiidtiit examiiiei s I'epoi't to the ti'ustees of Huglies Ti'avel Ti'ust l irporl to the cliai'ity lyllstees on my examination of the ac¢ounls of Hugli¢s Travel Ti'u5t Itlje Tiiist) foi. the yeai. ended 31 August 2023. Respotisibilities and bAS15 of report A5 the chai'ity tiustees of thc Trust you aiE responsible for the pieparatioji of tlie accoiiiits in accordance with the reqiiii'ernents of tlie Cliarities Act 2011 I'tlie Act,). l L'eport in i'espect of niy exainindtion of the Ti'ust's accounts carried out undei. section 145 of tlie Act and in cai'iying oiit iny exainination I have followed all applicable Diiections given by tlie Cliarity Cominission under section 145{5)Ib) of tlie A¢l. Indepejident examiner5 Statemeijt I liave Coniplcted niy exaniinatioii. l ¢onfJi'ni thal ijo Jnaterial iiiattei's liave conie to ii)y attention iii coniie¢tion willi the exaii)iiiation gsviiig me cause lo believe tliat in aiiy nialerial respcct.. tlie accounting record5 werc iiot kcpt in accoi'daii¢e witli sectioii 130 of tlie Cliarities Act., or tlie accounts did not accord with tlie accounliii£ recoi'ds. or the accounts did not comply with tlie applicable Irquirements conceJTriDg the fortn and content of ac¢oui)Is set out Ill ihc Cliaritie5 (Accoullts find Reports) Regulations 2008 othei. tlian aiiy Itquiretiieiit tliat tlie aceounts give a'ti'lle and laii view wliicli is not a Inatter ¢onsideJ'ed as pai% of an independent exainination. tlie accoutits have not becii prepaied iii accoi'dwice with the Inetliod5 aiid principles of tlie Stateinciit of R¢coiiinieJided PraGticc foi. accountiiig aiid reportlllg by cliarilies (applicable 10 cliai'ities pirpai'ing their accounts In accoi'dati¢e with the Financial Repoi"ling Standard ai)plicable in the UK aiid Republic of lyeland IFRS 1021). I have no conceims and liave coni¢ across no otljer matters in connection witli tlie exaimination to wliicli dttenlion sliould be drawn in this report lll oi'dei. to enable a propcr utLderst2nding of the accounts to be i'eacl)ed. Aiidi'cw Carpeiiter Wilson Parlneis Lin)ited Cliaiiceiy I louse 30 St Johns Road Wokiiig, Suirey GU217SA Date.. 23 June 2025
HUGIIEIS TRAVEL'fRusr PAge 7 STA'I'EMLNT OF FINANCIAL ACI'IVITIES foi. tlie yeai. ended 31 August 2023 Totxl foi. tlie ye#i' elided Uiiiestrietcd Resti'ictcd 31 Augiist fund5 funds 2023 Tot%1 loi. tlie yeai. 31 August 2022 Notes INCOME Donatson5 Investiiient iii¢ome Ineoiiie fj'oni chai'itable activitles Provision of tiavcl ai'rallgeillents to aid tlie i'eligious purposes of tlic BJ'etl)ren 886 5.684 886 15,684 889 1,965 80,089 80,089 TOTAL INCOM 96,659 96,059 2,854 EXPENDITIIRE ClIAI'itAble activiti&8 Pr()vision of Iravel arratigenieiils to aid tl)e IEligious puiposes of tlie Bretliirn Gi'ants given Othei. 76,721 79,721 258.695 21,350 33,747 31,903 31.903 TOTAL EXPCt NDITURE 108,624 108,624 313,792 NET INCOMK AND NET MOVEMENT IN f4UNDS 111,965) {11,9651 {310,938) RLICONC.ILIATION or FUNDS Fiiiid balances brOilt foi'wai'd at I Septenibei. 2022 1.797,206 1,797,206 2,108,144 riUND BALANcf,s CARRIED FORWARD AT 31 August 2023 1,785,241 1,785,241 £ 1,797,206 Tlie net inovenient in funds for the y¢ai' ai'ises fiojii the ¢harity's continuing activities.
IIUCFIEI S I'IIAVFL TRUS'T PAge 8 'I'RUST BALANcf. SHC4 ET A5 ILt 31 August 21)23 31 August 31 August 2023 2022 Note5 CURRENT ASSEITS Debtors Casli at baiik aiid in liand 72,422 1,770.597 1,801.570 1,843,019 1,801,570 CURREINT LIABII.I'l'lbS Ci'editOTS'. Amounts falling due witliin one year 57,778 4,364 NET CURRENT ASSEI'S 1,785,241 1,797,206 TOTAL ASSETS LE4SS CURRENT LIABILITIES 1.785,241 1.797,206 NET ASSETS £ 1,785,241 £ 1,797,206 THE FUiYDS OF TIIL CIIARITY Unrestyicted incollie funds Gcjieial Fund 10 1,785,241 1,797,2Q6 TOTAL CHARITY FUNDS 10 £ 1,785,241 £ 1,797,206 Tlie financial 5tatemeiits ot] pages 7 to 14 weie approved by tlic tl'l15te¢s and autliorised foi. issiie on 23 Junc 2025. and are signed on tlieir behalf by C D Par50ns Tiwstce A Turner Ti'ustee
HUGIIF.STRAVEL TRUST Page 9 r4 iiiAticixl Stgtemeiits foi. tlie yeai. eDdtd 31 August 2023 ACCOUN'I'ING POLICICIS BASIS OF AC.COUNTING The fLnan¢ial statements liave been prepared undci. tlie liistoi'ical c05t convention willi iteins iecogniscd at Cost oi. transaction valuc uiiless otheiwi5e sialed in tlie IElevant notes to th¢5e accounls. Th¥ financial stalemellt5 liave beert pirpai'ed in aceordantye willi Ilie Stateiiieiit of Recoininended PJ?ctice'. Aceoiiiitingand Reporting by Cliai'itie5 prepai-ing tlieii. accounts Ill Ii¢¢oI'dance with thc Finaii¢ial Repoiting Standard applicable in tlle UK and Republic of Ireland IFRS 1021 (secoiid editioii O¢tobei' 20191 and the Finaiicial Reportiiig Siaiidai'd applicable in tlie United Kingdoni and Republic of Ireland IFRS 102) and tlie Charitie5 Act 2011. The Chai'ity conslitutcs a publi¢ benefjt entity as defined by FRSIO2. The financial statements are pi'epared in sterling) wliich is the fut)ctional currency of tlie Chai'ity. Monetary amoiin15 111 these finan¢ial stateinents aiE rouiided to tlie nearest £. At tlie tijiic of appi'oviiig the fiiiancial staten)et]ts, the ti'ustees have a reasonable expectation that the Cliai'ity lias adequate resource5 10 eontinue iii opei'ational exisleiice for tlie foie5eeablc futui'e wliilst tliey reflect oli how best to fuitlier Ille cliai'itable objective of ilie Iiiist. Tlius tlie Tru8tecs conliiiuc to adopt tlie goinu conccin basis of accounting in pirpai'iiig tlie fijiancial statcii)ents. INCOME Gi2nts. donations and othei. sitnilar types of voluntary income are biDiiglit into account wlien there is entitlement, except that dollatcd iiicoine is iiicluded gross of any atti'ibutable tax recoverable, wheir relevai)t. Donations given for spccific puiyoses are treated as restricted ijicome. All othei. types of intojiie are also accounted for on an a¢¢iuals ba51S. EXPkNDITURE Expenditiii'e is allocated to the eliai'ity's principal activities where tlie costs Can be identified as being diiEctly i'elaled to Iliat activity. All costs that cannot be ideiitified d% relatiiig diiectly to Ilie ¢liai'ity's i)rincipal activities al'e catcgoi'ised as citliei. suppoit C05t5 or governanee costs. Any costs that cantiot be specifjcally Categorised al'e alloeatcd ill PIDPOltion5 based upon a siiilable i'atio applicable to the nature of tlie c05t involved. Goveriiance costs include tlie ¢osts of maiiitaiiiinu tlie cliarity a5 a legal elltiiy sucli as audit fees, costs of trustces Ineetings and otlier costs incurred ¢omplying witli statutory iEquiremenls. Giants payable are recognised in the period ill whicli tlie approved offei. is conveyed lo tlie Ircipienl except in tliose cases wlieie tljc offei. is eonditioiial and Ilie condiliolls ale uiidei. tlie ¢liarity's coiitrol, siicli graiits beiiig recoginised Ollly when the conditions attaching to the awaid al'e fiilfilled. Gi'aiits offti'ed subject to sucli coii(fitions, wliicli liave not been met at the balance sheet dale, ait noted as a potential coinniitmejit, but aiE not ti'eated as a riOREIGN CURRLNCIES I'i'aiisaclioiis deiioininated in f()I'eign cui'rencies ale i'e¢oi'ded iising Ihe rate of excliange Ivling at tlie date of tlie ti'ansaction. Molletary assets and liabilitie5 denoininate<l in foreign ciii'i'encies are ti?nslat¢d Lising tlie l'ate of excliange ruling at the balance sheet date. All excliange gains or 1055e5 are included in tlie statement of financial aGtivities 111 tlie pei'iod to wliieli tliey relale.
lUGIIF.S TRAVCI L TRUST PRge 10 FiiiAnciRI st8tenients foi. tlic yeAr eijded 31 August 2023 ACCOUN'I'ING POLICICI S FUND ACCOUNTING Tlie gener81 flind coii)pi'ises tlie a¢cllii)ulaled 511rplll%es of iinrestricled incojiiing resoiii'ce5 ovei. resoiiires expcnded, which are available foi. Iise itl furilieratjce of ihe general ubJLIve of tlie cliarily. Designatcd fiiiids aye a pai1iculai. form of uiire5tr&¢ted fiijids con%isting of amounts, wliicli liave been allocated or desigiiated for 5Pt¢ifJt plli'w)ses by the ti'ustee5. Tlle use of designated fund5 remains at tlie disciclion of the trustee5. Restricted fi]iids ale funds subject io specific conditions imposed by donoiE. The purpose and use of tlie resti'icled fund5 ai"e set oiit in tlie notcs to tlie accounts. Aiiiounts unspent at tlie year end ai"e ¢ai'ried foiward itj the balance sliect. FINANCIAL INSTRUMENTS Tlie charity has finai)¢ial assets and finaneial liabilities of a kind that qualify &s basi¢ financial instruments. Fsiiallcial iiisirllii)ents are iecogniscd in tl)e tliarity's 5tateinent of finaiicial positioii wl)en the cliarity becomes paity to tlie contractual piDvisions of tlie lllstruinent. Basic fjnancial insti'iiiiients are recognised initially in the accounts at transaction pi'ice. including any transaction Costs. At the et)d of eacli accounting period. basic finaiicial insti'umeiils are recognised at amortised c05t. For debt instruments this is calculated using tlie effective ijitertst rate method.
HUGHES'I'RAVF,l.Tiiusr Page 11 NOTfÉ.S'l'O'I'IIL II'lNANC.IAL SI'ATEMEI NTS for tlie year tnded 31 August 2023 Total for tlie year enlled UElI'estricttd Resti'icted 31 AuBu.8t runds futhds 2023 Total foi. thu yeai. ciidcd 31 August 2022 DONATIONS Donations and otlier similar iiicoine £ 886 £886 891 INVESI'MENT INC.OME Bat]k interest receivable on short term casl) deposits 15,684 15,684 1.965 £ 15.684 £ 15,684 £ 1,965 INCOME f4ROM THL PROVISIOiY OF TRAVEL ARRANGEMLN'IS Travel arraiigement inconie 80,089 80,089 £ 80,089 £ 80,089 TotAI for tlie year ended Uni'estl'LCtcd Resti'ieted 31 Augu$¢ funds rurtds 2023 Tothl for tlic year elided 31 August 2022 GRANTS GIVEN Grants givell to institiitions.. Gospel Hall Trusts 21,350 £ 21,350
IIUGHES TIIAVEI, TRUST PAge 12 NOTEI S l-C)-I'IIL lilNANC.IAI. S-I'A'fEMCI NTS for tlie year ¢iided 31 August 2023 .1 otal for tlie yeai. etided Suppoi't Govei'nAnce 31 Augu%t C0515 eosts 2023 Total foi. tlie yeAI' enil¢d 31 August 2022 SUPPORT & GOVCI RNANCE COSTS Legal and piDfessioiial A¢countaiicy and advisory Excliange losse8llgainsl Telephone Postage, printing and stationery Coinpiitcr expeiise5 dnd %iippoi Motoi., ti'avcl, rooin liire and subsistence Bank ¢h#i'ges oilier office costs Depreciatioii 18,600 18,600 3,680 4.180 4,180 4,527 5,614 2,351 919 247 5,614 2,351 919 247 13,765 9,859 1,682 212 £ 13,303 £ 18,6QO £31,903 £ 33,747 YeAI' etided 31 August 2023 YeAI' ettded 31 August 2022 STAFF COSTS Tlie aveiage Imonilily numbei. of persons einployed by tl)e ¢harity (excludijig trusieesl dllriiig the yeai. was, as follows.. Adininistixtive staff Tlie trustee8 i'eceivcd no reiniineratioii foi. their seiviees to the charily oi. its subsidiary dLiring ilie ciii'rent or previous year. I r115tees i-eceived reiinbuiEeinent for expenses incuried on belialf of tlie chai'ity dui'ing the year of £460 {2022.. £nill. Dui'ing tlie year Ihe chai'ity settled pei3onal expciiditure of £19.80212022.. £iiill on behalf of a truslce. At the year end Ilie trustee owed tlic cliarity £19,80212022 £nil). This aniount has been iepaid irt full aftei. tlie yeai. end witli interest cli21.gcd at FIMRC'5 official ixte. Tlie trustees aye tlic only key maiiageinent personnel.
HUGIIES TRAVCI L TRUST Pagc 13 INO'I'LI S'l'o Tlll,: f4lNANLIAL STATEMENTS for tli¢ yeai. eiide(131 August 2023 DEBTORS 31 Augu8t 31 August 2023 2022 Ainounls falling due witliin one year.. Tiade debtoi's oilier debtor5 26,595 45.827 £ 72,422 CREDII'ORS: AMOUNTS FALLING DUE WII'HIN ONE YEAR 31 August 31 August 2023 2022 Ainouiils falling dlle within one year.. Trade creditors Otlier creditors Accruals 3,420 26,278 28,080 703 2.100 £ 57.778 £ 4,364 THE fiUNDS OFTHE CHARITY Tr#n5fei's betiveen funds I Septeillbe 2022 Incoming i'esoui'ces OutgoÉng i'esources 31 August 2023 Uiiyesti'icttd ineoine funds.. Genei'al Fulld 1,797,206 96,659 1108,6241 1,785,241 TOTAL fi UNDS £ 1,797,206 £ 96,659 £1108,624) £ 1,785.241 io. ANALYSIS OF NET ASSETS BETWEEN FUNDS Net cui'j'ent assets Fixe 115sets Provisi0115 TotAI Unrestricted income funds: Gellei'al Fuiid 1,785,241 1,785,241 TOTAL TrUNDS £1,785,241 £ 1,785,241
HUGHES TRAVII I, TllUS'I' Page 14 NO'I'ES'fo TIIE filiYANCIAL s'fATEMC4 NTS fui. tlit year eijded 31 Aiigust 2023 COMPARA TIVE STAI'EI MCI NT OF FINANCIAL ACTIVITIE% Total for tlie year Unie5trieted Re5trictcd fuiids funds 31 Aiigust 2022 INCOMI Donations It]V¢5tinent income 889 1,965 889 5,965 TOTALINCOME 2,854 2,854 EXPENDEDITURE Cliai'itable attivities Provisioii of travel arratigeiiieiits to aid tlie religious purposes of ilie Brctliren Grants give Otlier 258,695 21,350 33,747 258,695 21,350 33,747 TOTAL EXPEI NDEDITURE 313,792 313,792 NET INCOME AND NEIT MOVEMEiYT IN FUNDS (310,938) (310.938} REICOiYCII,IATION ov f4UNDS Fiiiid balances broLiglit foi'wai at I Septernbei. 2021 2,108,144 2,108,144 FUND JIAI.ANCES CARRIED FORWARD at 31 Aiigu.%l 21)22 1,797,206 1.797,206