{
Chartered Accountants & Business Advisers
THE HORNCASTLE FAMILY FOUNDATION
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ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
5 APRIL, 2025
Aldgate House T: 01482 326617 1-4 Market Place Fi 01482 329863 Hull HOD ARS E: enquiries@duttonmoore.co.uk
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## THE HORNCASTLE FAMILY FOUNDATION
## CONTENTS
- 1-2, Report of the Trustees
3, Independent Examiner’s Report
## Financial Statements:
- 4.5, Fund Account and Capital Account
6. Balance Sheet
- 7, Notes to the Accounts
THE HORNCASTLE FAMILY FOUNDATION
## TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5" APRIL, 2025
The trustees present their report for the year ended 5" April, 2025.
The charity was established by a Trust Deed dated 19" April, 1993, is registered with the Charity Commission and is funded by donations from the settlor. The charity registration number is 1072384,
## OBJECTS AND ACTIVITIES
The Trustees hold the entire fund and its income to apply them both for such charitable purposes as they in their absolute and unrestricted discretion determine from time to time. No funds have been allocated to reserves.
The Trustees consider that the risks to which the Charity is exposed are not of material significance.
## PUBLIC BENEFIT
The Trustees apply the income to a wide range of charitable organisations both in the U.K, and overseas. The Trustees are of the opinion that they have complied with the duty in the Charities Acts regarding public benefit guidance published by the Charity Commission.
## ACHIEVEMENTS AND PERFORMANCE
During the year the trustees have made donations totalling £46,792 (2024 - £22,155) 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 additional trustees.
## FINANCIAL REVIEW
The charity’s position at the year end is strong with reserves totalling £1,849,340 (2024 £1,306,447) which are held to fund future charitable donations.
## TRUSTEES AND ADVISERS
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SETTLOR: W.A. Horncastle DATE OF SETTLEMENT: TRUSTEES: W.A. Horncastle OBE A.N. Horncastle J.R. Lane T.A. Horncastle J.A, Horncastle
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THE HORNCASTLE FAMILY FOUNDATION REPORT OF THE TRUSTEES
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## FOR THE YEAR ENDED 5" APRIL, 2025 (CONTINUED)
## TRUST PROVISIONS:
The income of the trust fund or any proportion of the capital may be paid or applied to any charities or charitable purpose.
## CHARITABLE STATUS:
The charity is registered with the Central Register of Charities for England and Wales, number 1072384.
## NOTE:
The summary set out above is intended as an aidememoir. For any matters requiring detailed consideration reference should be made to the relevant deed and any relevant statutes.
## PRINCIPAL OFFICE:
Unicorn House 8 Innovation Drive Green Park Road Newport HUI5 2FW
## SOLICITORS:
Rollits Forsyth House Alpha Court Monks Cross York YO32 9WN
INDEPENDENT EXAMINER: — A.R. Bullock
Dutton Moore Aldgate House 1-4 Market Place Hull HU1 IRS
## STOCKBROKERS:
Rathbones Investment Management Box 1965 Liverpool L69 3HU
Signed on behalf of the trustees:
A.N. Horncastle (Trustee)
Dated: 18" August, 2025
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
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## Report to the trustees of
The Horncastle Family Foundation
On accounts for the year ended 5" April, 2025 Set out on pages 4to7 Charity No. 1072384
Respective responsibilities of trustees and examiner The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
- e examine the accounts under the Charities Act;
- e to follow the procedures laid down in the General Directions given by the Charity Commission, and
- e to state whether particular matters have come to my attention.
Basis of independent examiner’s report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given 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 attention:
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
- e to keep accounting records in accordance with the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A.R. Bullock FCA Dutton Moore Aldgate House 1-4 Market Place Hull HU1 IRS
Dated: 18" August, 2025
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THE HORNCASTLE FAMILY FOUNDATION
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## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5" APRIL, 2025
||||2025|||2024|||
|---|---|---|---|---|---|---|---|---|
|INCOMING RESOURCES|||||||||
|INVESTMENT INCOME|||||||||
|Dividends received netoftax|- quoted|15,588|||12,954||||
||- unquoted|28,974||44,562|28,974||41,928||
|Interest received||||4,450|||1,289||
|Total incomingresources||||£49,012|||£43,217||
|RESOURCESEXPENDED|||||||||
|Governance costs|||||||||
|Accountancy charges||3,000|||2,700||||
|Legal charges||-|||1,966||||
|Bankcharges
Website production||155
-||3,155|53
1,800||6,519||
|InvestmentManagement costs
Stockbrokers fees||||6,192|||13,218||
|||||9,347|||19,737||
|Charitable donations|||||||||
|EastRiding Theatre||1,500|||1,500||||
|GC & EJ Cross||500|||-||||
|Hessle Road Network||2,000|||-||||
|Howden ScoutTroop||500|||-||||
|Hull Samaritans||§,000|||-||||
|Hull Women’s Aid||2,000|||-||||
|Martin House||5,000|||10,000||||
|Puffins Galore Limited||5,400|||-||||
|Rotary ClubofHowden||5,000|||1,350||||
|She Productions||2,001|||-||||
|Sick Children’s Trust||2,000|||-||||
|Sight Support
St. Paul’s BoxingAcademy CIO||500
1,391|||-
1,515||||
|Teenage CancerTrust||1,000|||-||||
|Two ChurchesOneTown||10,000|||-||||
|ZANE (ZimbabweA National Emergency)||3,000|||-||||
|CatZero||-|||2,400||||
|Rotary Club ofSkiptonCraven||-|||3,000||||
|Ryan Powers
TheTribune Trust||-
-||46,792|515
1,875||22,155|-|
|||||£56,139|||£41,892||
|Net (expenditure)/income before investment gains
carriedforward||||(7,127)|||1,325||
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THE HORNCASTLE FAMILY FOUNDATION
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## STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
|||2025||2024|
|---|---|---|---|---|
|Net(expenditure)/income before investment gains|||||
|brought forward||(7,127)||1,325|
|(Losses)/gains on investment assets during the year|||||
|Realised
Unrealised|43,300
(120,707)|(77,407)|(17,895)
104,915|87,020|
|Net movement in funds||(84,534)||88,345|
|Total unrestricted funds, brought forward||1,306,447||1,218,102|
|Investments introduced||627,427||-|
|Totalunrestrictedfunds,carriedforward||£1,849,340||£1,306,447|
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## THE HORNCASTLE FAMILY FOUNDATION
## BALANCE SHEET AS AT 5" APRIL, 2025
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|2025|2024|
|ASSETS|
|FIXED|ASSETS|
|Investments,|at market value|1,746,185|1,119,086|
|CURRENT ASSETS|
|Bank|accounts|75,819|177,019|
|Cash|with|Stockbrokers:|
|Brown|Shipley|35|12,542|
|Rathbones|29,092|~|
|Other|debtors|1,209|500|
|£106,155|£190,061|
|CURRENT|LIABILITIES|
|Professional|fees:|
|Dutton|Moore|£3,000|£2,700|
|NET CURRENT ASSETS|103,155|187,361|
|NET ASSETS|£1,849,340|£1,306,447|
|REPRESENTING:|
|Unrestricted funds|of the|charity — page|5|£1,849,340|£1,306,447|
**----- End of picture text -----**
We approve the accounts set out on pages | to 7 and confirm that we have made available all relevant records and information for their preparation.
**----- Start of picture text -----**
W.A. Horncastle
Aone
A.N. Horneastle
sees ee, ee Oo, Cee Seerre
T.A. Horncastle
J.A“ Horpcastle
J.R. Lane
**----- End of picture text -----**
Dated: 18" August, 2025
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THE HORNCASTLE FAMILY FOUNDATION
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5" APRIL, 2025
## Basis of Accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated.
The accounts 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 with the 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 received by the Charity.
## Taxation
Asa registered Charity, the Charity is generally exempt from income tax and capital gains tax.
Investments held as fixed assets are valued at their mid-market value by the Trusts’ stockbrokers. Movements in their value during the year have been adjusted through the Statement of Financial Activities in accordance with the Statement of Recommended Practice.
## Going Concern
The going concern basis of accounting has been used in view of the financial strength of the charity.
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