Charity Registratlon No. 1063418 THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST LEGAL AND ADMINISTRATNE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mrs D S Jenkins {Chair) Mrs W J Baker MrCJHunt Mrs K D ma)erry Charty number 1063418 Prlnclpal office Ansty House Henfidd Ri>ad Small Dole West Sussèx BN5 gXH Auditors TC Group The Courtyard Shoreham Road Upper Beading West Sussex BN44 3TN Bankers Charities Aid Foundation CAFG4SH Ltd 25 Kirgs Hill Avenue Kings Hill West Malng Kent ME19 4TA
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST CONTENTS Page TFUStees' report Auditorfs report statement of Financial Activities Balance Sheet Notes to the Accounts 8-13
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their r•FJOrt alorvJ wilh Ihe finanal statements of the charity for the year ended 31 Mardi 2025. The finanGial statements have been prepared in accordan with the accounting policies sel out on pages 8- 9 and compty vrith the ¢harrty's trust deed and applicable law. Objeotlves and Acllvmes The tharity was fomied with the pnmary objective5 of relieving the hardship faced by prisoners and the families of prssoners and reli8ving the suffering of animals. In addition, d8r powers are nferred on the trustees to make other charitable donats.s at their absolute discretion. The trustees have complied with the duty in sl0n 4 of the Charths Act 2011 to have due rtyard to guidance published by the Chartty Commission. including guidance on Public Benefit. Achlevements and Perlornmnce Grant applications are generatsd from a variety of sources. PfiKipally frwn the Charity Cwimission register, the Citizens, Advice Bureau and various grant giving guides. The tFUStees' philosophy is primarTly to assist charitablè bodies with emergency opera'onal funding ralher than fijnding capital projects. The trustees insist that all grant appli110n6 be made in writing. A qUOTum of trustees reviews the applications on receipt and decides immediately or requests further infomation. Fomial meetings of all the truslees are held as and when necessary and at least annualty. The trustees have ensure(l that the Charity has delivered public benefil in the aTeas of the relief of poverty suffered by prisoners and the families of prisoners. the advancement of citiLenship in contributing to the reh8bilitalion of pnson8rs, and the advancement of animal welfare. The trustees have ¢arefvlty ccmsidered grant applications received and ensured thal they have met the Dbjectives of Ihe Gharity a5 set out aix)ve and are beneficial to the public. Financlal Review The trust has a pamianent 8ndonentOf just over£3.68million. whith generates inGome to be used for the objects of the charity. During the year inveslment income of £347.409 arose. Grants payable during the year totalled £73,008. as detailed in note 4 to the ac0)ts. to a diverse range of th institutional and individual cause$. There are no restriebons on the charity's power to invesL The investrnent strategy set by the trustees is lo protect the capital base and maximise the immedFate income retum on Ihe peThanent endowment which is being achieved by selective qualty freehold investment and deposit accounts. The trustees have not yet set monetary reseNes targ8t as Ihe expectation has been, and remains. that the potents'al primary beneficiaries of the charity are significanlly higher than Ihose currently being serviced. Once they are confidént that all has been done to idenbfy and qu8ntify the bng-tenn level of demand, the reserves wll be set accordingty. In the meantrne. the trustees are minded to be in Iheir appToa¢h to using reserves. Flnanelal Revlew- Rr¥e$ Pollcy Th& trustses are also conscious ofthe 5peufic dause in Ihe Trust Deed encouraging them to accumulate additional capital in the earfy years fcr the long temi 0d of the chwity. Structure. Governan¢e and Management The Michael and Shirtey Hunt Chaiitable Trust is cr$Uted by TNst Deod dated 26 June 1997. The truslees named on the page 1 have served throughoulthe year and since the year end. ApF>ointment oftrustees is governed by ihe Trust Deed of the Charity, whereby the existing trustees have Ihe power to appoint fvrther tTUStees as required. The day-tTrday work of the chaiity is carried by the trustees. assisted by voluntary administrats.ve and b¢>)kkeeping staff as required. Ifany furth8r trustee5 were appointed, they would be introdUd lo thr new ro and given Copies ofthe trust deed and a guide to the polieS and procedures ad(ptsd by Ghaiity. A numbeT tsf publscations fiom the Charity Commission would also be provided to ensure that new trustees would be aware of the scope of their responsiblriies under the Charities Act.
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AIARCH 2025 Reference and Admlntstratlve Detalls The Michael and Shirley Hunt Charitable Tnjst is a registered charity. number 1Q63418. See the legal and administrative inforniation page for tt address of the principal office and the detaiL% of the individuals WIKJ $erved as Trustees during the year. Exemptions Irom dlsclosure None. Funds held as Custodian Trustee on behalf of others None Trustee5' Responslbllllles In relallon to the Flnanclal Statements Law applicable to charities in England and Wales requires the trustees to prepare finan¢ial ststements for eath financial year which give a true and lair view of the charity's financial Nities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: al select suitable ac¢ounting pcliues and apply them con5ls1enll, bl make judgements and estimates that are reasonable and prudent c) state vhether applicable accounting standard5 statements of recommended practice have been followed, subject to any departures disclosed and explaimd in the finanual stalements: d) prepare the financial statements on a wng concem basis unless it is inappropriale to presume that the charity will continue in opersknon. The trustees are reSP(S11)Ie for keeping a1x0ting reccKds vthich dis(kne wilh reasonable ac£uracy at any kn'me thefinanThal position ofthe charity and enable them to ensure that the finanal Statements comply with Ihe Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for th8 prevention and detection of fraud and other irregularities. Approval This repKJrt was approved by the trustees on 2026 arKI signed on their behalf Trustee
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST AUDITOR'S REPORT TO THE TRUSTEES OF THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST We have audited the financial stataments of The Michael and SIMrley Hunt Charilable Trust for the year ended 31 March 2025 which comprwiise the Ststement of Financial Aclivitses. Balance Sheet and notes to the finanal statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢wuntiry Standards. induding Financial Reporting Standard 102 The Financial Report'ng Standard applicable in the UK (United "ngdoM Generally Accepted Accounting Practice). In our cpinion, the financial statements: give a true and fair wew of the state ol the charitable Iw5t's affair5 as at 31 March 2025 and of its incoming resources and applicab'on of resour¢es. induding its inc4xne and expenditure. for the year then ended. have been properly prepared in accordance United Kingdom Generally Accepted Accounting Pradi¢e; and have been prepared in acrdanCe with the rBqurernents of the Charities Act 2Q11. Basls of oplnlon We conducted our audit in accofdance with Intemational Stsndayds on Audlting (UK) {ISAs (UK)) and appfic8ble law. Our responsibilities under those standards are further described in the Audibrfs respMsibililies for the audit of the financial statements section of our P[¥t. We are independ8nt of the charitable trusl in a¢cordance with Ihe ethical iequirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical Standa. and the provisions available for small enlities. and we have fulfilled our ethical responsibilities in aco)rdance with these requirements. We believe that audit evidence we have cbtained is sufficient and appropriate to provide a basis ft)r our opinion. Con¢luslons relatlng to golng concern In auditing the financial statements, we have cmcludeil Ihat the tntstees, use of the going MrKem ba515 of accounting in the preparation of the financial statements is wpropriats. 88sed on the work we have perfomied, we have not identified any materlal uncertainli8s relating to events or ccndilions that, individually or collectively, may cast doubt cm the Charitable trusvs ability to continue as a going concem for a period of at least 1ve months from when the financial statements are aLthtirized for issue. Our responsibilities and the responsibilities of the tnthes with respect to gOg o)ncem are described in the relevanl secbons of this report. Other infomiallon The other infomation o)mprises the information included in the annual report. including the trusiees. report, other than the finan¢ial statements and our auditorfs report thereon. The trustees are responsibl8 for the other information. Our opinion on the financial statements does Thot cover the other InfOatr"0 and. except to the extent otherwise explicilly stated in our port. we do not express any forni of assurance condusion thereon. In connection th our audrt of the finanual Statents, our responsibilty is to read the other infomiation and, in doing so. consider whether the other informalion is mateTiaty inconsistent with the financial statements or our knowl8dg6 obtained in the audit or t)IheTwise appears to be materially misstated. It we i¢Jentify suth material inconsistencies or apparent material misslalements. we are required to determine whether thwe 15 a Material misstatement in the finanal statements or a material misstatement of the other informatpm. if, based on the work we have perfomied. we conclude that there is a material misstatement of this other InfoatiOn. we are required lo report that fact. We have nolhing to report in this regard.
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST AUDITOR'S REPORT TO THE TRUSTEES OF THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST Oplnlons on other matters prescrlbed by the Charlues Act 2011 In our opinion, based on the work urKlertaken in th8 cOue of the audit the information given in the trustees, report for th8 fjnancial year for vknich the financial statements are prepared is consistent vrith the financial stalements. and the ttee5, report has been prepared in accord¢e with applcable legal requirements. Matters on whlch we are requlred to report by excep In the light of our knowledge and ufider5t8nding of the ¢hatitabt8 trust aTrl bts envIr(rne obtained in the ourse of the audit, we have not identified rnalenal mi5Statem8nts in Ihe tnjstees. rewt. We have nolhing to report in respectof the follong malters in relation lo the Chatities 2011 requires us lo report to you rf. in our opinion: adequate accounting records have not been kepL or relums adequate for our audit have not been received from branches rK)t VTSited by . or the financial statements a not in agreement Wbth the accountirvJ records and retrJrn$; or certaln disclosures of tsustees, remunerab'on specified by law are not made," or we have not received all the informalK)n and explanalions we reqiure. R•sponsibllltles of trustees As explained more fijlty in the Irustees, respw5ibtlities statemen( the are responsible for the preparalton of the financial ststements and for being satisf1 Ihat they give a true and faiT view. and for such intemal control as the trustees detemiine is ne¢e$5ary to enable the preparation ot finanual statements that are free from material misstatement. Wheth due kn fraud CY erffjr. In preparing the financial ststements, the trustees are reswisible for assessi the charitable tfusfs ablty lo continue as a o)ing conrm, disd(6ing, as applicable, matters related to going concem and using the going concem basss of alxountr'ng unless the trustees either intend to liquidate the charitabie trust or to cease operalions, or have no realistic altemallve to do so. Audltofs responslbllllles for the audft of the flnanclal staternents Our objedives are to obtain reasonable assurance about whether the financial statements as a whole are tree from material misstatement, ether due to fraud or error, and to issue an auditorfs report that indudes our OFNni¢)n. Reasonable assurance is a high level of asSUCe, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always deteLt a material nmsslatement when it exists. Misstatements rAn ari88 frn fraud or error and are nsIdered material rf. indtvidualty w in the aggregate. they could reasonably be expected to influence the eGoMmic dec4sions of laken on lh8 basis of thése financid Statements. Irregularitres. including fraud, are instances of nOn•mplIance with laws and regulations. The extènt to which our wocedures are pae of detecting iwularities induding fraud. is detai below. Extent to which the audlt was consldered rApable ol detecllng Irregularluts, Includlng fraud The objectives ol our aLKlit, in respeGt lo fraud, are". to identify and assess the risks rA mat8rial misstatement of the financial statements due to fraud; to obtsin suffi¢ierrt appropriate audit eviden¢e regarding the as585sed risks of material misstatement due to fraud. through desYJning and implemenling appropriate respons8s' and lo respond appropnatsly to fraud or susFected fraud entifd during Ihe audit. HoweveT, Ihe primary responsibility for the prevention and detedion of fraud rests with both trK>se charged with goveman¢e of the entity and its managemenL
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST AUDITOR'S REPORT TO THE TRUSTEES OF THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST Our approach was as lollows: We identified areas of laws arKI regulations ihat eoukl reasonably be expeded to have a material effect on the finan¢s81 statements from our general se¢tor experience, and through discussion with the Iw51ees and other management (as required by auditing standards), and discussed with the trustees and other management the policies and prcu[eS regardiTrJ Gompliance wilh laws and regulations (see below)" We identified the folk>wing areas as those most likely to have such an effpd: heath and safety, General Dala Protection Regulation IGDPR)" fraud: snd brib8ry and Co[wp.0n. Auditing standards limit thé required audit pro¢edures lo idenbfy nonrycompliance wth these Lqws and regulations to enquiry of the tNstees and other management and inspection of regulatory and legal correspondence. if any. We wnsidered the legal and regulatory frameworks diredly aPIcable to the financial statements reporting framework (FRS 102 and the Charitses Act 2011) and the relevant tax compliance regulatsons in the UK. We considered the nature of the charitable Irust's operations. the control environment and financial perfomiance. We cornmunicated identsfied laws and regulations Ihroughout t)ur team and rémained alert to any indications of non-(X)miance throughout the audiL We considered Ihe procedures and controls that the charitle trust has established to address risks identified. or that otheThvise prevenL deter and detsct fraud: a] hr)w senior management nliorS those Procedures and Controls. Based on this Urerstanding we de5tgned our audit procedures to identify non-compliance with such labv5 and regulations. Where the risk was considered to be higher, we Perform audrt wocedures to address eath identified fraud risk. These procedures induded." testing manual joumals. relievng the financial statemenl disclosures and testing to supporting documentab'on; perfoming analytical procedures: and enquiring of management. and were designed to provide reasonable assuranr that the financial 51atements were free from fraud or error. Owing to the inherenl limitsttons of an audi(1here is an unavcidable risk thal we may not have deteced some matenal misstatements in the finanGial statements. even though we have property anned and performed our audit in accordance with audn9 Standards. For example. the fvther removed non-compliance wilh laws and regulation5 (irregularities) is fn)m the events and transaGIN)ns rellected in the fjnanci81 statements. the less likely the inherently limited prcjcedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud invofves intentional concealment, forgery, collusic. OMs1on or misrepresentation. We are not responsible for prevenling non-complian and cannot be expected to detect nm-¢ompliance with all laws and regulations. Use of OUT report This report is made solely to the tharitable trusfs members. as a t#)dy, in accordance with the Charities Acl 2011. Ouraudit work has been undertaken so thatwe might state to the Lantable trusfs rnembers those matters we are required to state to them in an auditors, rewrt and lor no other Pur[e. To Ihe fullest extent pennitted by law. we do rK)t accept or assume responsibility to anyone other than the charitable trust and the charitable trust's members. as a body. lor our audit work, or for the opinions hava fomed. Gro Mark Cummins FCCA (Senior Statutory AudltQT) for and on behalf OITC Group statutory Audltors Office: Steyning. West Sussex Oated..
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 MARCH 2025 Unrestrl¢ted Endowment nds nds Total 2025 Total 2024 Incomlng resources: Investment income 347,409 347,409 378.393 Total Incomlng resources 347,409 347.409 378.393 Resources expended: Charitable expendilure". Grants payable Management and administrats. 73.008 8,024 73.008 18.903 105.050 7.296 10.879 Total resources expended 81,032 10,879 91.911 112,346 Nel movement In funds Sn the year before revaluatlon GainllL05s) on revaluatIt of investment PToperty 286,3 (10.879) 185,000) 255,498 266.047 186,000) 413.000 Net movemenl In funds 2W377 195,879) 170,498 679.047 Reconclliatlon or funds Totsl funds brought forward 4978,7S6 3.761,831 8,740,587 8,061,540 Total funds carrled forward 5.245.133 3.665,952 8.911,085 8.740,587 Al InMe and gains for the period are rec(¥Jni58d above. All cl the charitys activitie$ are classffied as continuing. The notes on pages 8 to 13 forni part of these financial statements.
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST BALANCE SHEET AS AT31 MARCH 2025 Unrestrlcled Endowment fvnds funds Total 2025 Total 2024 Investments Freehold property 2.876.831 2,87&831 3,761.831 Currént assets DebtQT5 Cash at bank and in hand 10 135,954 5,157,565 789.121 925,075 5,157.666 161,908 4,867,594 5293,519 789.121 6,082.640 5,029,502 Credltors: amounts falllng wllhln one year 11 (48.386) (48,386) {50,746) Net Guryent assets 5246.133 789,121 6,034,254 4,978.756 Total net assets 4244133 3.665,952 .911,085 8,740,587 Funds 12 246,133 3.665,9S2 8,911.085 8.740.587 ..2026 and signed on their behalf. Mrs D J¢nklns - Tntstee {Chalr)
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Publlc Benefit Enllty The Michad and Shidey Hunt Charilable Trust is conslitirted as a charitable trnst and Tegistered in the Uniled Kingdom. It is a Publtc Benefii Enbty. Accountlng pollcks Basis ol preparatlon The financial statements are wepared in a¢wrdance vdth the Accounting and Reporting by Charities: ststement of Recommended Practic* applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UKand R8public of Ireland (FRS 102, effective 1 January 20191- (Chariti8s SORP (FRS102)). Assets and liabiliti'e5 are initially recognised at historical cost ortrsaCtion value 4mless otheTh¥ise stated in the relevant accounting Folicy note(s). The finonclal statements are prepared in sterling, 1¢h is tho functional curren¢y of the charitsble company. Monetary arnounts in these financial ststements are rounded to the nearest pound. Golng Concern The trustees considerthat the charity witl be a goiig concern for a period of at lea5tlwelve rnonlhs following the date of the audit reporL Income Investment InMe is accounted for in the period in whi¢h the chwity is enlilled to rlpt. 2A Resources expended Expenditure accoted for an au85 basi5. Grants payable are charged in the year when the offer bs wnveyed tr• Ihe reCient ep1 in those cases where the offer is conditional. such grants beiw recognised as expendiiure wthen the conditrons attaching are fulfilled. Management and administration ccryri58s costs for the running of the chaiity itself as an organisation. 2.5 Fund accountlng Unrestricted funds comprise those fijnds which Ihe trustees arefree to use in accordancewith the Gharitsble objeclives. Endowment funds represent those assets which must be held pernianenty by th8 chartty. Inme arising on the endowment fund can be used in accordan¢e with the objects of the thatity and is included as unrestriGted income. Any capitals gains or losses arising on the endowment fund investments fonn part of the fvnd. 2.6 Investment property Investment Property is measured at Fairvalue 1th gains or losses in Fairvalue rec(yJni$ed in the Ststemenl of Financial Activthes. Cash at bank and In hand Cash at bank and in hand includes cash and short4em). highly liquid investments. The trustees seek lo use short-temi depo to maximise 1he retum on monies held at the bank and lo manage cash flow.
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2.8 Debtors Trade and other debth are rec¥)gnised at the setu8nt arnunt due. Cred6tOTS and prov151ons Crediknrs and provisions are recognised wthere the dBiity has a present obligation resulting from a past event that will probably resultin a transfer offunds to a third patyand the amountdue to setue the obligation can be measured or estimated reliably. 2.10 Accountlng estimate5 and Judgennts In 1he application of the charrts¢s accounting policies. the trustees are wuired to make judgements. estimates and assumplion$ sttthe carrying amnts of assets arnl liatmliknes that are not readily apparent from other sources. The estirnates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Aclual results differ from these estimates. The eslimates and underlying assumptions are rlewed on an ongoing basis. Revisions to accountirYJ estimates are re¢cgnised in the period in which the estimate is revised ifthe rewsion onty affects that period, or in the periods of the revi5w)n and fulure Deriods rf the revision affects both current and tUre periods. InvestwRnt Incorne 2025 2024 Rent rèceivable Less: Rent expenses 211,641 156,136) 231.431 {27,130) 155,505 191,904 204.301 174,092 Intèrest on cash deposits 347,409 378.393 Grants payable 202S 2024 The amount payable in the year comprise5: Relief of hardship of prisoners and prisoner5. famlies Grants to 22 individuals {2024'.19 #idividuals) Relief of suffeTing of anim@ls Other deseTving cause$ 30,650 858 31.000 10.500 30,160 8,777 38.113 28,000 TOTAL GRANTS PAYABLE IN YEAR 73,1)08 105,050 Of vthic were patd to institutK)ns Of1Ch were paid to individuals 72,160 858 96,273 8.777 73,008 105.050
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Management and adrnlnlstratlon 2025 2024 Audit fee 7,920 104 10,879 7,200 Bank charges Legal and professional fees 18,903 7,296 staff costs and trustees, remunerallon No remuneration was paid to the trustees in the year, wwe any trustees, expenses reimbursed. Al duties were perfomied by the tFUStees themselves. with occasional vduntary administrative assistance. Taxatlon All cf the charivs income f811s within exempliorts under Part 11 of the Corpor8lh?n Tax A¢t 2010. io
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Comparative Fund5- Statement of Financlal Artivities for the Year Ended 31 March 2024 Unrestricted Endowment fund5 Funds Total 2024 Incominz resource5: Investment income 378,393 378393 Total incom6n8 resource5 378,393 378393 Resources expended: Charitable expenditure: Grants payable Management and administration 105,050 7,296 105050 7.296 Total resources expended 112,346 112,346 Net movement in funds In the vear before revaluation Gain on revaluation of investment property 266,047 266W7 413,IK)D 413.000 Net movement in fuTKI$ 266,047 413,000 679.047 Reconclllatlon of funds Total funds brought forward 4.712,709 3,348,831 8,061,540 Total funds Carrled fonvard 4,978,756 3,761,831 8 740,587 li
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2025 Inve51ments 2025 2024 Market value brought foThvard Disposal in the year Revaluation in year 3,761,831 3,348.831 1800,0001 IBS,000} 413.000 Market value carried for*¥ard 1876,831 3.761.831 Investments at market value cr)mprised UK freehold property. Historical cost as at 31 Marth 2.282,536 2.782.836 The investment properties are situated in the UK and were valued on the basis of fair value by the trustees at 31 March 2025. The Itee5, valuations ol the properties are bas on 2025 exiemal fonnal valuations, or the cost of pur¢hase where a property has not ten fomially valued, adjusted lor movemenis in appropriate market indices. The tAte8S are aware of thanges in malerial value. 10 AG¢rued Income and debtors 2025 2024 Olher debtors and prepayments Accrued InMe 800,000 125,07S 3.438 158.470 925,075 161.908 11 Cr8ditors and accruals 2026 2024 A¢¢ruals Deferred income 14,88S 33,501 17.245 33,501 48.386 50.748 Deferred in¢cKne repret5 rent paid in advance Fertairing ta the financial year e[ed 31 March 2026. 12 Endowment fund B41ance at 1 Aprll 2024 In¢omlng Resource5 Galnl(lo5ses) Balance at 31 March 2025 3.761.831 (10.879) (85.000) 3.666.952 The endowment fund represents the amount inth.ally doWed the Charity that is invested at the trustee5' dis¢retion in order to maximis8 a retum and adjusted for any revaluation in investments. During the year, £nil12024: £nill was transfrTred into the endOt fund. 12
THE MICHAEL AND SHIRLEY HUNT CHARITABLE TRUST NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Analy515 of net assets between funds Unrestrirted fund5 Endowment funds Trtal Fund balances at 31 March 2025 are represented by: Investments 2.876,831 789,121 2,876,831 6,082.640 148,386} 8.911,085 Current asset5 Creditors 5.293,519 {48.386) 5,245,133 3,665,952 unrestri Endowment funds funds Total Fund balances at 31 March 2024 are represented by: Investments Current assets Creditors 3.761.831 3,761.831 5,029.502 150,7461 ,740,587 5.029.502 150,746) 478,756 3.761.831 14 Related party transactlons The Twst receives rental income from a related paty. B1h)( G*ages Limited, whid) i¥ related due to one of the twstees being a dyector of the cx>mwy. The amount of rontal in¢4)me receivable from the Telated party the year was £142.000 <2024: £142,000). Also during the year. The Michael and Shirfey Hunt Chartlab18 Tnjst re¢eNed an additional £2.840 {2024: £3,720) from BirchW0 Garages. being recharges of insuranc8 cnsts incurred on behall of Birclwiood Garages. 13