THE HEMBY CHARITABLE TRUST
{ Charity Registration Number: 1073028)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Si &rwE-O
Rothbone Th4St Compony Limited

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Index
Page
1-6
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheel
10-17 Notes to the Accounts

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Trustees. Annual Report
The Trustees of the Hemby Charitable Trust have pleasure in submitting their Annual Report and
Accounts for the year ended 31st January 2024.
Objectives and activities
This charitable trust was created by Deed dated 13th February 1998. Its purposes for the public benefit.
in accordance with its governing document, are to apply the income and capital of the Trust at such
limes and in such manner for exclusively charitable purposes in any part of the world as the Trustees in
their discretion think fit.
In order to meet with their objectives, the Trustees, aim to make donations of income received, after
operating expenses. In accordance with their powers beslowed by the charity's governing document,
capital and income may be distributed at the Trustees, discretion.
The Trustees have a policy of supporling charitable causes in Merseyside and Wirral although they
are not precluded from making donations outside the area if they so decide.
other than the operation of Ihe investment porlfolio, no other fund raising aclivity is undertaken to support the
work of the charity.
The Trustees have complied with the duty in S17 of the Charities Act 2011 and have given due consideration
to the guidance on Public Benefit issued by the Charity Commission when exercising relevant powers or
carrying out duties to which the guidan￿ is relevant.
Achievements and Performance
During the year the Trustees resolved lo make a number of donations from Unrestricted Funds. sn placing
donations in one of the categories below there is nearly always a certain amount of overlap between the
categories. This is particularly so with Social Needs. where many of the projects supported are geared
older people. health care and those with disabilities. During the year 71 applications for funding were received
(62 in 2023). Of Ihese 55 {77 % ) were offered a grant (54 - 87 /0 in 2023) totalling £105,677 (£96,283 in 2023).
Donations varied in amount between £1.000 to £5.000.
Not all grants awarded were paid during the year but prowsion has been made in the accounts as appropriate.
The total figure of grants paid during the year was divided as follows-
Social Needs
Youth and Employment
Help for Ihe Aged
The Arts
65,912
20.265
5,500
14,000
63
19
105,677
100
Since the Trust started to make donations in 1998. a total in excess of £2.700.408 has been paid lo over to
1,648 charitable causes based mostly in Merseyside and Wirral. A full list of donations made from
Unrestricted Funds during the year in alphabelical order follows.
Page 1

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Trustees, Annual Report
1st Lydiate Scout Group
Ainsdale Lunch & Leisure
Apex Charitable Trust
Asthma Relief
Ataxia Telangiectasia Society
Bluecoat Display Centre
Bright Park
British Wireless for the Blind
Cells Project CIO
Child Brain Injury Trust
Chrysalis Holidays (The Epiphany Trust)
Clatterbridge Cancer Charity
Crosby Group Riding for Disabled
Dar ak Zahra
Deafblind UK
Dementia Together Wirral
Edge Hill Youth & Community Centre Ltd
Fields in Trust
Freshfields Animal Rescue
Go Beyond
Happy Days Children's Charity
Hive Youth Zone
Kind
Leukaemia & Myeloma Research UK
Liverpool Biennial of Contemporary Art Ltd
Liverpool Cares Ltd
Liverpool School of Tropical Medicine
Marine in Ihe Community
Meningitis Now
Merseyside Play Action Council
Music in Hospitals & Care
North West Air Ambulance
Opening Doors
Porchfield Community Association
Positivitree
Rapid Response North West
Re-engage
Rotunda
Royal Court Liverpool Trust
Sam's Diamonds (Cancer Care Charity)
Sefton Women's & Childrens Aid
Sense
Shaftesbury Youth Club
Shakespeare North Playhouse
Speke Baptist Church
Spinal Injuries Association
stick n Step
1.500
1,500
1,000
1,140
2.000
2,500
1,000
2,268
1,500
2,000
2,000
4,000
1,000
1.500
1,500
2,500
1,000
2,000
1.294
1,000
1,020
1,000
2,000
3,000
2.500
3,000
2,500
3.000
1.000
2,500
1.500
2,000
2,000
1,500
2,000
1,500
1,000
1,500
2,000
1,500
5,000
1,745
2,000
2,500
1,700
2,000
2.760
Page 2

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 ST JANUARY 2024
Trustees. Annual Report
Support Through the Court
Tall Ships Youth Tnjst
Teenage Cancer Trust
Toxteth Women's Centre
Williamson & Priory Friends
Willowbrook Hospice
Yellow House
Ykids
1,500
2,000
4,000
2,500
500
2,000
750
2.500
Total
105,677
Financial review
Income from investrnents totalled £107.816 (£125,177 in 2023) with £14,439 (£14,514 in 2023) being spent
raising funds in the form of investment management charges. A total of £121.808 (£111,682 in 2023) was
applied directly towards charitable purposes, of which £105,677 (£96,283 in 2023) was awarded in grants.
The Trustees met wilh their objective to distribute the majority of net income received during the financial year
After taking net losses on investment assets of £104.905 into account (gains of £52.379 in 2023). the charity's
funds decreased during the year by £133.337 (£51.359 increase in 2023).
Total Unrestricted Funds of £3,512,218 were held as at 31st January 2024 {£3.645.555 at 31st January 2023).
The charity's funds were represented primarily by investments and cash.
Investments..
The Trust's capital is invested in marketable investments or held in cash. As there are no specific
restrictions under the governing deed. the Trustees have full discretion over the investments and so
have delegated Rathbones Investment Management to have full discretionary day to day control of
the investments. They have agreed objectives with the Investment Manager to secure a reasonable
growth in income consistent with the long tenn preSe￿allOn of capital in real terms. Investment
decisions should be made based on the views of a prudent person in accordance with the standard
of investment criteria relating to suitability and diversification. These objectives are reviewed
annually.
The Trustees wish to ensure that the objectives outlined above are achieved with an acceptable
risk. This implies the need for diversificalion of investmenl of the Trusl to include a range of
assets, including fixed interest stocks. UK and overseas shares.
Investments continue to comprise of holdings in UK. large overseas listed companies, unit and
investment trusts, induding those investing in major international markets and also fixed interest
securities. The portfolio can therefore include a proportion of medium-sized or smaller UK
companies and has exposure to international markets.
The Investment Managers are required to operate within the constraints applying to trusts
governed by the Trustee Act 2000. The performance of the fund is currently monitored against
the benchmark of WM Unconstrained Funds.

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Trustees. Annual Report
The Investment Managers provide regular reports to the Trustees who review the performance of
the portrolio and of the Investment Managers at least three times a year. The Trustees were
pleased to note the maintained value of the investments over the last ten years despite the total grants
thal have been made during the same period.
Reserves
The Trustees do not consider the underlying capital to be reserves since they form the sole source
of income for the Trust. It is not the intention of the Trustees to build up or maintain income
reserves, with any under expenditure of income being balanced by over expenditure IT) preceding
or subsequent years. The Charity had no long-term commitments as at the Balance Sheet date and net funds
held were Unrestricted Funds, considered to be free resenies and fully available for spending at the Trustees,
discretion.
Risk Mana
ement
The Charity Trustees have given consideration to the major risks to which the charity is exposed and are
satisfied that systems or procedures have been established in order to manage those risks. After
considering the areas of governance. operational, financial, environmental and compliance the Trustees
have identified that major negative fluctuations in investment assets could cause a material risk to the
Charity's funds. In order to mitigate this risk and in accordance with s15 Trustee Act 2000 the Truslees
have established a Policy Statement to be adhered to by the Investment Manager, which is reviewed
at leasl once a year in line with investment perfomiance.
Structure, governance and management
This charitable trust was created by Deed dated 13th February 1998. Its governing body are the
Board of Trustees.
The power of appointing new Trustees is vested in the then current Trustees. The Trustees are
selected due to their connection with the current Trustees in accordance with their skills,
experience and understanding of the obligations imposed on such an appointment. The Trustees
do not undergo formal training as such but ensure they operate in accordance with current
practice and meet with their duties within their powers as advised by Rathbones Trust Company
Limited and from guidanGe published by the Charity Commission.
The Trustees meet three times a year to review applicalions for funding. investment performance,
income levels and the financial ststements. The chariws goveming document does not impose meetings to
be held in person.
Future plans
The Trustees intend to continue with their policy of distribuling income after expenses to charilable causes
throughout Merseyside and Wirral normally in one-off grants. From time to time, grants may be
spread over a period of two or more years but this would be exceptional and the charity's reserves policy
should be reviewed accordingly.
Page 4

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Trustees. Annual Report
Reference and administrative details
Registered No:
1073028
Principal office=
Clo Rathbones Investmenl Management. Port of Liverpool Building. Pier Head
Liverpool. L3 1 NW
Trustees who
served during the
year..
Andrew Timothy Morris
Caroline Jane Lucy Tod
David Fairclough
Stuart Neild Keppie
Roy Alfred Morris (retired 6th November 2023)
Secretaries-
Thomas William Evans
Valerie Hewitt
Accountancy:
Rathbones Trust Co Ltd, Port of Liverpool Building. Pier Head. Liverpool, L3 1 NW
Independent
Examiner:
Laura Cross. Clo Port of Liverpool Building, Pier Head. Liverpool. L3 1 NW
Bankers and
Investment-
Rathbones Investment Management, Port of Liverpool Building, Pier Head, Liverpool,
L3 1NW
Trustses. Responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and Financial Statement in
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the charity and its income and
application of resources for that year.
In preparing these accounts, the Trustees are required to..
select suitable accounting polices and then appty them consistentty:
observe the methods and principles in the Charities SORP {FRS 102);
make judgements and estimates that are reasonable and prudenL
state whether applicable UK accounting standards (FRS102) have been followed. subject to any material
departures disclosed and explained in the financial statements: and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in operation.
P￿5

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Trustees, Annual Report
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the
Charity and enable them to ensure the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible
for safeguarding the assets of the Charily and hen￿ for taking reasonable steps for the prevention and
deteclion of fraud and other irregularities.
Declaration
The Trustees declare that they have approved the Trustee's report above.
As agreed and signed on behalf of the Board of Trustees
24
Andrew Tlmothy Morris
Chalrman
Date
Page 6

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Independent Examiner's Report
Independent examiners report to the Trustees of the Hemby Charitable Trust- charity no: 1073028
I report on my examination of the accounts of the above charity {"the Trust") for the year ended 31st
January 2024, which are set out on pages 7 to 17.
Responsibilities of the Trustees and Independent Examiner
As the charity's truslees, you are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Charities Act 2011 ('the Act")- You consider that an audit is not required under s144
of the Act and that an independent examination is needed.
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 the applicable Directions given by the Charity Commission
under section 145{5)(b) of the Act. It is my responsibility to state whether particular matters have come to
my attention.
Basis of Independent Examlner's Report
My examinalion 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 wth those records. It also includes consideration of any unusual
items or disclosures in the accounts and seeking 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. The report is
limited to those matters set out in the statement below.
Independent Examiner's statement
l am a member of an approved body subject to the provisions of the Revised Ethical Standard 2019 issued
by the Financial Reporting Council {FRC). Rathbones Trust Company has provided book keeping services
in accordan￿ with the terms of engagement signed by the Trustees and I do not report to the book-keeper
in any respect. I give due consideration to the FRC'S Revised Ethical Standard 2019 at all times.
I have completed my examination and confinn that no matters have come to my attention which give me
cause to believe that in any material respect:
the accounting records were not kept in accordan￿ wth section 130 of the Charities Act, or
the accounts did not accord with the accounting records, or
the accounts did 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 give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
lob/ 102
Laura Cross TEP MAA T
Port of Liverpool Building, Pier Head. Llverpool
Date

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Statement Of Financial Activities
Unrestricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Income from..
Investments
Other income
105.777
2,039
105,777
2,039
124,614
563
Total
107,816
107,816
125,177
Expenditure on:
Raising Funds
Charitable activities
14,439
121.808
14,439
121.808
14,514
111,682
Total
136,247
136,247
126,196
Net Gainsl{Losses) on investments
12
(104,905) {104,905)
52,379
Net movement in Funds
(133,337)
(133,337)
51,359
ReconGiliatlon of funds:
Total Unrestricted Funds as at 1st February 2023
3,645.555
3.645.555
3,594, 196
Net movement in Funds
(133,337)
{133.337)
51,359
Total Unrestricted Funds as at 31st January 2024
3,512,218
3,512,218
3, 645, 555
Page 8

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Balance Sheet
Unrestricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Notes
Fixed Assets
Investments
12
3.431.773
3.431.773
3,570,218
Total Fixed Assets
3,431,773
3,431,773
3,570,218
Current Assets
Debtors
Cash at Bank and in hand
13
14
2,943
89.626
2,943
89,626
3,184
77.446
Total Current Assets
92,569
92,569
80,630
Liabilities:
Creditors:
Amounts falling due within one year
15
12,125
12,125
5, 293
Net Current Assets l (Liabilities)
80,445
80,445
75,337
Total Net Assets as at 31st January 2024
3.512,218
3,512,218
3,645,555
Funds of the Charlty
Total Charity Funds as at 31st January 2024
3,512,218
3,512,218
3,645,555
Approved by the Board of Trustees on
lol
and signed on its behalf by-
Andrew Timothy
Chalrman
orris
The notes on pages 10 to 17 form part of these accounts.
Page 9

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
q Charity Information
The Hemby Charitable Trust is a Public Benefit Entity governed by a Settlement Deed dated 13th
February 1998 registered in England and Wales. Its principal address is Clo Rathbones Investment
Management, Port of Liverpool Building. Pier Head, Liverpool, L3 1 NW.
2 Accounting Policies
The financial statements have been prepared in accordance with the accounting policies set out in note
1 to the accounts and comply with the charity's goveming document. the Charities Acl 2011 and
Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charilies
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)° (second edilion published in October 2019).
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include the
revaluation of investments at fair value. The principal accounting policies adopted are set out below.
The charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going Concern
The Trustees have assessed whether the use of Going Concern is appropriate and have concluded
the charity has adequate resources and reserves to enable it to continue in operational existence for
foreseeable future and there are no material uncertainties about the charitls ability to continue as a
going concern and thus the Trustees continue to adopt the 'going concern, basis of accounting in
preparing the financial statements.
Charitable Funds
Unrestricted funds are available for use at the discretion of the charity in furtherance of their
charitable objectives unless the funds have been designated for other purposes.
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have
been met. the amounts can be measured reliably and it is probable that income will be received.
Cash donations are recognised on receipt. Other donalions are recognised once the charity has
been notified of the donation. unless performan￿ conditions require deferral of the amount.
Income Tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
All dividend income is recorded net and includes tax deducted only when it is repayable to the Charily.
Page 10

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
Expenditure
Expenditure is recognised when paid or when there is a legal or constructive obligation for which it
is more likely than not that a transfer of economic benefit will be required in settlement and the
amount can be reliably measured as at the reporting date. A constructive obligalion exists where
the charity has communicated the commitment to provide particular funding to the recipienl by the
reporting date and there are no conditions attached to tts payment falling due after the reporiing date.
Provisions for liabilities must be recognised when either the timing or the amount of future
expenditure required to settle the obligation is uncertain. These are distinguished separately on the
balance sheet. If a transfer of resources is no longer required. provisions are reversed and
charged to the SOFA.
Support Costs and Employee Benefits
All support costs and employee benefits are paid from Unrestricted Funds.
The employees of the charity do not accrue holiday entitlement. Any termination benefits awarded
are recognised immediately as an expense.
Tangible Fixed Assets
Tangible assets are capitalised if they can be used for more than one year and cost at least £1,000.
They are valued at cost or, if gifted, at their value on receipt. The charity does not have any capitalised
tangible assets at present.
Investments
Investments held in the fund are included at Iheir market value as follows-.
(a)
(b)
Listed securities are valued at the mid market value ruling at the balan￿ sheet date.
Listed securities held in foreign currencies have been valued at the mid market value
and translated into their sterling equivalents at the rates ruling at the balance sheet date.
Gilts are valued at the mid market value ruling at the Balance Sheet date and include
interest which has accrued up to that date.
(c)
Investments are classified as a fixed asset ex￿pt when classified as a current asset where the
inlention of the trustees is to dispose of the asset and not reinvest the proceeds.
Other recognised Gains and Losses
Realised gains and losses on investments are calculaled as the dtfference between sales
proceeds and their market value at the start of the year, or their subsequent cosl and are charged
or credited lo the Ststemenl Of Finan￿al Activities in the year of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities resulting from revaluing investments to
market value at the Balance Sheet date.
Taxation
The charity is not liable to income or capital gains lax on its charitable activities. Irrecoverable VAT
is included in the asset cost or the expense to which it relates.
Pagell

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
Cash at bank and in hand
Cash at bank and in hand is held to meet short-term cash commilments as they fall due rather than
for investment purposes. Cash and cash equivalents include cash in hand. deposits held at call with
banks, other short-term liquid investments with original maturities of three months or less.
Financial Instruments
The Charity has elected to apply the provisions of S11 'Basic Financial Instruments, and S12
other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements when there is a legally enfor￿able right to set off the recognised amounts and there is
an intention to settle on a nel basis or to realise the asset and settle Ihe liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured
at transaction pri￿ including transaction costs and are subsequently carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction,
where the transaction is measured at the present value of the future receipts discounted al a
market rate of interest. Financial assets classified as receivable wthin one year are not amortised.
Basic financial liabilitles
Basic fi'nancial liabilities. including creditors and bank loans are initially recognised at transaction
price unless the arrangement constitutes a financing transaction. where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities c5assified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interesl rale method.
Trade creditors are obligations to pay for goods or Servi￿ that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment is
due withing one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Derecognition
A financial asset is derecognised when it is settled or when the contractual rights to the cash flows
expire. A financial liability is derecognised only when it is discharged. cancelled or expires.
Pag8 12

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
3 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
4 Investment income
2024
2023
UK Gilts l Fixed Interest
UK Equities and Unit Trust Income
Overseas
Foreign Withholding Tax
Excess Reportable Income
8,479
70,689
30,016
(3,413)
4,869
72,102
51,114
(3,471)
105.777
124,614
5 Other income
2024
2023
Bank interest
2.039
563
2.039
563
6 Raising funds
2024
2023
Investment management costs
14,439
14,514
14,439
14,514
7 Charitable Activities
Grant making..
Charilable donations made to institutions
Returned donation
Office costs
Staff costs (note 9)
Governance costs (nole 11)
2024
2023
105,677
(2,873)
911
9,758
8,334
96.283
{1 ,720)
788
8.966
7,365
121,808
111,682
Details of the charilable donations made during the year are included in the Trustees, Annual Report.
Page 13

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
8 Trustee and Staff Remuneration
The Trustees resolved to exercise the Power under clause 7.8 of the original settlement deed dated
13th February 1998 (the deed) and employ persons lo assist with the day-to-day running of the Trust
and to pay, enter into agreements and fix such reasonable salary as they in their discretion think fit.
9 Staff Costs and Employee Benefits
2024
2023
Salary- Gross
9.758
8,966
Employment Allowance reduced Employerfs NIC contributions for the year to nil.
The Trustees were not required to make a pension available to the current staff during the year ended
31st January 2024 or 31st January 2023.
The average number of part time equivalent employees during the year was 2 (2 in 2023) with all
employee time involved in providing support to the charitrfs activity of grant making.
No employees received employee benefits of more than £60,000 during the year ended 31st January
2024 or year ended 31st January 2023.
10 Trustee expenses, remuneration and benefits
None of the Trustees have been paid remuneration or received any benefits from employment with
the charity during the year ended 31st January 2024 or year ended 31st January 2023.
No Trustee expenses have been incurred during the year ended 31st January 2024 or year ended
31 st January 2023.
11 Governance Costs
2024
2023
Accountancy, compliance and administration fees
Independent Examination fees
Taxation fees - PAYE
Insurance '
Trafalgar Fiduciary Sem
4,944
840
1,290
720
540
4,800
840
1,010
715
8,334
7,365
Section 189 of the Charities Act provides a general power to buy Trustee Indemnity Insurance using
charity funds. The charity paid £720 during the year ended 31st January 2024 for insurance cover, which
included Trustee Indetnnity Insurance.
Page 14

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
12 Investment assets
Value al Purchases
Sales
Realised
Unrealised
Value at
31/01/2023
at cost proceeds Gainl(Loss) Gainl{Loss) 3110112024
Listed investments..
Total Fixed Interest
Total Overseas
Total Equity
160, 749
1.696, 650
1,712.819
9,768
(45)
3,020
153,956
52,803 1,751,312
(160,360) 1,526,505
1,859
25,631
(324)
3,570,218
1.859
35.399
368
104,537
3,431,773
13 Current assets
Debtors
Dividends receivable
2024
2023
2.943
3,184
2.943
3,184
14 Cash at bank and in hand
2024
2023
Cash at bank
89,626
77,446
89,626
77,446
15 Creditors and Provisions
Creditors.. Amounts falling due within one year
Other creditors and accruals
PAYE & Nl contributions
Office costs
Grant payable
2024
2023
5,404
201
19
6.500
4,060
182
51
1,000
12,125
5,293
16 Capltal commitments and Contingent liabilities
At the 31 January 2024 and 31 January 2023 the Trust had no capital commitments or contingent
liabilities.
Page 15

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024
Notes to the Accounts
17 Financial Instruments
2024
2023
Carrying amount of flnancial assets
Debt instruments receivable within one year
Debtors
Cash
2,943
89.626
3,184
77,446
92,569
80, 630
Carrying amount of financial liabilities
Payable within one year
Creditors
12,125
5,293
Instruments measured at fair value through SOFA
Investments at value
3,431,773
3,570,218
18 Comparative Statement of Financial Activities
Unrestricted
Funds
2023
Tofal
Funds
2023
Income from:
Investments
Other income
124,614
563
124,614
563
Total
125,177
125,177
Expenditure on:
Raising Funds
Charitable activities
14,514
111,682
14,514
111,682
Total
126,196
126,196
Net Gainsl{Losses) on investments
52,379
52,379
Net movement in Funds
51,359
51,359
Reconciliation of funds:
Total Unrestricted Funds as al 1st February 2022
3,594.196 3,594.196
Net movement in Funds
51,359
51,359
Total Unrestricted Funds as at 31st January 2023
3.645,555 3,645,555
Page 16

THE HEMBY CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31STJANUARY 2024
Notes to the Accounts
19 Transactions with related parties
Interests are always properly declared and acknowledged during determination of applications. In
these situations the person with the related party interest does not participate in the decision making
other than to clarify facts. This includes the giving due consideration to trustees in common.
David Fairclough seNed as a Trustee of Marine in The Community. who received a grant of £3,000 and
took no part in the grant decision.
There have been no further related party transactions during the year ended 31st January 2024 or year
31st January 2023 requiring disclosure.
Pag8 17