MOORE Chartered Accountants & Bu5iT¥es5 Advisors THE HORNCASTLE FAMILY FOUNDATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 5th APL, 2024 Aldg3te House 1-4 Market Place Hull HUI IRS T. 01482 326617 F.. 01482 329863 E.. enquiries@duitonmoe.cO.uk
THE HORNCASTLE FAMILY FOUNDATION CONTEIYTS Report of the Trustees Independent Examiner's Report Financial Statements: Fund Account and Capital Account Balance Sheet Notes to the Accounts
THE HORNCIISTLE FAMILY FOUNDATION TRUSTEES AND ADVISERS FOR THE YEAR ENDED Sth AFR, 2024 The tmstees present their report for the year ended 5 April, 2024. The charity was established by a Trust Deed dated 19 April, 1993, is registered with tlie Chai'ity Coinlnission and is funded by donations fi'om the settlor. The charity registration numbei. is 1072384. OBJECTS AND AcfIviTtEs The Ti'ustees hold th¢ entire fund and its income to apply them both foi. such chai'itable purposes as they in their absolute and unrestricted discretion determine from tiine to time. No funds have been allocated to reserves. The Trustees consider that the iisks to which the Charity is exposed are not of material significance. PUBLIC BENEFIT The Ti'iistees apply the income to a wide range of charitable organisations both in the U.K, and overseas. The Trustees al'e of the opinion that they have complied with the duly in the Chai'ities Acts regarding public benefit guidaiice published by the Charity Commission. ACHIEVEMENTS AND PERFORMANCE During the year the trustees have made donations totalling £22,155 (2023 £12,750) to various charitable causes. They believe that the amounts distributed have been of great benefit to the charities chosen in their work in the wider community. ADMINISTRATION The trustees, who are appointed by deed, supervise the administration of the trust, authorise all payments and investment transactions and appoint any addilional ts'ustees, FINANCIAL REI VIEI W The charity's position at the year end is strong with reserves totalling £1,306,447 (2023 £1,218,102) which are held to fiind futur¢ chaiitable donations. TRUSTEEI S AND ADVISII RS SEI TTLOR: W.A. Horncastle DATE OF SETTLEMENT: TRUSTEI ES: W.A. Hoi'ncastle OBB A.N. Homcastle J.R. Lane T.A. Horncastle J.A. Hoi'ncastle
THLI HORNCASTLI FAMILY FOUNDATION RE( PORT OF THE TRUSTEEI S FOR THE YEAR LNDED Stb APRIL, 2024 {CONTtNUED) TRUST PROVISIONS: The income of tlie ts'ust fund or any proportion of the capital may be paid or applied to any chai'ities or chaiitable purpose. CHARITABLE STATUS: The charity is registered with the Central Register of Charities for England and Walcs, number 1072384. The summaiy set out above is intended as an aide- memoir. For any mattel's i'equii'ing detailed considei'ation reference should be made to tlie relevant deed and any relevant statutes. PRINCIPAL OFFICE: Unicom House 8 Innovation Drive Green Park Road Ncwpoit HUI52FW SOLICITORS: Rollits Forsyth Housc Alpha Court Monks Cross York Y032 9WN INDEPENDENT EXAMINER: A.R. Bullock Dutton Moore Aldgate House 1-4 Market Place Hull HUI IRS STOCKBROKERS: Brown Shipley l O Wellington Place L¢eds LSI 4AP Signed on belialf of the trustees: A.N. Horncastle (Trustee) Dated: 15 July 2024
INDLI PEI NDENT EXAMINER'S REPORT ON THE ACCOUNTS Repoi't to the trustees of The Horncastle Family Foundatioii On Accounts for the year ended 5" Api'il, 2024 4t06 Set out on pages Charity No. 1072384 Respective responsibilities of trustees and examiner The charity's trustees are responsibl¢ for th¢ preparation of the accoiints. Tl)¢ chai'ity's trustees consider tliat an audit is not rcquircd for this year under the Chai'ities Act 2011 ("tlie Chai'ities Act") and that an iiidependent examination is needed. It is Iny respoiisibility to: exainiiie the accoiints under the Charities Act; to follow the pmcedui'es laid down in the General Directions given by the Cljai'ity Cominission, aiid to state whether paiticular Inatters have come to my attention. Basis of independent examiner s report My examination was carried oiit in accordance witEI the Gene131 Directions given by the Charity Coinmission. An examinatioji includes a review of the accounting records kept by the cliai'ity and a coinpai'ison of the accounts presented with those record5. It also includes consideration of any unusiial items or disclosures in the accounts, and seeking of explaIiations from the tl'LlStees concei'ning any such matters. Tlie pr¢x¢dures undeitaken do not provide all the evideiice tliat would be required in an audit and, consequently no opiiiion is givcn as to whether the accounts present a 'true and fair view, and the report is limited to those matter set out in the statement below. Independent exAminer's statement In connection with my examination, no matter has come to my attcnlion: which 8ives me reasonable cause to believe that, ii) any material respect, the requii'einertts.. to keep accounting rccords in accordaiice with the Charities Act; and to prepare accounts which accord witli the accounting records and coinply witli the accounting requirements of the Charities Act have not been met. or 2. to which, in my opinion. attention should be drawn in ordei. to eiiable a proper Iindei'standing of the accounts to be reached. A.R. Bullock FCA Dutton MooiE Aldgate House 1-4 Mai'ket Placc Hiill HUI IRS Dated: 15 July 2024
THE HORNCASTLE FAMILY FOUNDATION STATEMEIYT OF FJNANCIAL ACTIvrriES FOR THE YEAR ENDED 51bAPRIL, 2024 2024 2023 INCOMING RESOURCES INvTMENT llYCOME Dividends rcccived net of tax - quoted unquoted 12,954 28,974 13,868 28,974 41,928 42,842 Intei'est received 1,289 Total incoming i'esources £43,217 £42,842 RESOURCEI S IXPENDEI D Governance Costs Accountancy charges Legal charges Bank charges Website productioii 2,700 1,966 53 1,800 2,640 6,519 2,640 Investment Management costs Stockbrokers fees 13,218 13,247 19,737 15,887 Charitable donatlons Cal Zei'o Disaster Emergency Committee- Ukraine East Riding Thealre Maittin House Mires Beck Nursery Pai'kinsons U.K. Rotary Club of Howden Rotary Club of Skipton Craven Ryan Powers St. Paul's Boxing Acadeiny CIO The Tribune Trust 2,400 1,000 1,500 1,500 10,000 10,000 250 1,350 3,000 515 1,515 1,875 22,155 12,750 £41,892 £28,637 Net income before investment gains (Losses) oil investment assets during the year Realised Uni'¢alised 1,325 14,205 (17,895) 104,915 (56,820) (35,355) 87,020 (92,175)) Net movement in fLinds Total unrestricted fuiids, brought forward 88,345 1,218,102 (77,970) 1.296,072 Total iinreslricted funds, carried forward £1,306,447 £1,218,102
THEI HORNCASTLE FAMILY FOUNDATION th BALANCE SHEEI T AS AT 5 APRIL, 2024 2024 2023 ASSETS FIXED ASSETS Investm6nts, at market value 1,119,086 1,042,742 CURRENT ASSETS Bank accounts Cash with Stockbrokers Othei. debtors 177,019 12,542 500 162,329 15,084 587 £190,061 £178,000 CURRENT LIABILITIEI S Professional fees: Diitton Moor¢ £2,700 £2,640 NET CURRENT ASSEITS l87,36l 175,360 NEI T ASSII TS £1.306.447 £1,218,102 REPRESENTING: Unrestricted funds of the charity- page 4 £1,306,447 £1,218,102 We approve the accounts set out on pages I to 6 and confimi that we have made available all relevant I'ecoids and information for their preparation. W.A, H Incastle A.N. Hoi'ncastle Trustees T.A. Horncastle J.A. Vorncastle J.R. Lane Dated: 15 July 2024
THE HORNCASTLE FAMILY FOUNDATION NOTLI S TO THE ACCOUNTS FOR THE YEAR ENDED 5tII APL, 2024 Basis of Accounting These accounts have been prepared under the historical cost conventioi) with items recognised at cost or ti'ansaction value unless otherwise stated. The accounts have been prepared in accordance with the Ststement of Rccoinmended Practice: Accounting and Repolting by Chai'ities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July, 2014 and with th¢ Charities Act 2023. The charity constitutes a public benefit entity as defined by FRS 102. Income Dividends received and bank interest are accounted for when receiv¢d by th¢ Charity. Taxation As a registeitd Charity, the Charity is genei?Ily exempt from income tax and capital gains tax. Investments held as fixed assets are valued at their mid-market value by the Trusts, stoclcbi'okers, Movements in their value during the year have beeii adjusted through ihc Statement of Financial Activities in accordance with the Statement of Recommended Pra¢tic¢, Going Concern The going concern basis of accouiiting has be¢n used in view of the financial strength of th¢ charity.