THE HEMBY CHARITABLE TRUST I Charity Registration Number.. 10730281 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Off ice Copy RnfiibOnv Thist CoiKJJany Linijivd
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Index Page Trustees. Annual Report Independent Examinef s Report Statement of Financial Activities Balance Sheet 10-17 Notes to the Accounts
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Trustees. Annual Report The Tfuslees of the Hemby Charitable Trust have pleasure in submitting their Annu31 Report and Accounts for the year ended 31 January 2026. Objectlves and activities This Charitable Trust was created by Deed dated 13 February 1998. Its purposes for the public benefit, in accordance with ils governing document, are lo apply the income and capital of the Trust at such times and in such manner for exclusively charitable purposes in any part of the world as the Trustees in their discretion think fit. In order lo meet with their objectives, the Trustees, aim lo make donations of income received, after operating expenses. In accordance with their powers bestowed by the charity's governing document, capilaS and income may be distributed al the TrLJStees' discretion. The Trustees have a policy of supporting charitsble causes in Merseyside and Wirral allhough they are not precluded from making donations outside the area if they so decide. Other than the operation of the investment portfolio, no other fund raising activity is undertaken to support the work of the charity. The Trustees have complied with the duly 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 guidance is levant Achievements and Performance During the year the Trijslees SOlVed to make a number of donations from Unreslricled Funds. In placing donations in one of the categories below there is nearly always a certain amount of overlap beeen the categories. This is particularly so with Social Needs, where many of the projects supported are geared towards older people, health care and those with disabilities. During the year 63 applications for funding were received 181 in 20251. Of these $3 1840kl were offered a grant 168 84D/o In 20251 tolalling £107,8841£116,356 in 20251. Donations varied in amount belween £500 to £6,556. Not all grants awarded were paid during the year buta provision has been made in the accounts as appropriate. The total figure of grants paid during the year was divided as follows.. Social Need5 Youth and Employment Help lor the Aged The Arts 58,652 28,676 10,556 10,000 27 10 107.884 100 P4el
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Trustees, Annual Report Since the Trust started to make donations in 1998, a total in excess of £2,924.648 has been offered to over 1,769 charitable causes based mostly in Merseyside and Wirral. A full list of donations made from Unrestricted Funds during the year in alphabetical order follows. Alder Hey Children's Charity Alaxi8 Telangieclasia Society Barnslondale Centre British Wireless for the Blind Byrne Avenue Trust Centre 63 Child & Family Connect Clatterbridge Cancer Charity Collective Encounters Cruse Bereavement Support Iwirrall Dementia Together Wirral FACT Liverpool Foodcycle Freshfields Animal Rescue Friends of Alexandra and Coronation Park Friends ol Merefield School Happy Days Children's Charity Hive Wirral Youth Zone Kidney Care UK Listening Ear Live Music Now Ltd Creative Music Projecl Liverpool Biennial Livefpool Schools FA Liverpool Merseyside Theatres Trust Marine in the Community Meningitis Now Merseyside Lowland Search & Rescue Music in Hospitals and Care PDSA Porchfield Community Associalior¢ Reader Organisation Roy Castle Foundation Royal Albert Dock Charity SAFE Families for Children Sailors Children's Society Salvation Army (Southporti Sefton O.P.E.R.A Shift Multiple Sclerosis Shine - Spina Bifida st. Joseph's Hospice Association Support after Murder and Manslaughter Tall Ships Youth Trust Team Oasis 5.000 2,500 3.125 2.520 1,532 1,750 1,500 5,000 1,500 1,540 3,000 1,500 1,500 500 2,000 5,000 1,000 2,040 1,560 1,200 1,500 1,500 1,500 2,000 2,861 1,000 1,500 1,500 1,000 1,500 1,000 2,500 1,500 2,000 1,000 1,500 1,500 2,500 2,500 6,556 1,500 1,200 2,000 P4e2
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Tru5tees' Annual Report Teenage Cancer Trust Triple C Liverpool University Hospitals Liverpool Whizz Kids Vvillow Foundation Wirral Churches Ark Project Wirral Mencap Woodvale & Ainsdale Community Association YMCA Sl. Helens Young Lives v Cancer 2,500 2,500 1.500 3.000 1,000 1.500 2.000 1.000 1,SOO 3,000 Total 107,884 Financial review Income from inve51menls and intere51 lolalled £109,634 (£112,821 in 20251 with £14,651 (£14,613 in 20251 being spent raising funds in the form of investment management charges. A lolal of £126,867 1£131.762 in 20251 was applied directly towards charitable purposes, of which £107,8841£116,356 in 20251 was awarded in grants. The Trustees mel with their objective lo distribute the majority ol net income received during the financial year. After taking net gains on investment assets of £327.801 into account (gains of £192,162 in 20251. the charily's funds increased during the year by £295,9171£158,608 increase in 20251. Total Unreslricled Funds of £3,966,743 were held as al 31 January 2026 1£3.670,826 at 31 January 20251. 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 Ralhbones Investment Management to have full discretionary day lo day control of the investment5 They have agreed objectives with the Investment Manager lo secure a reasonable growih in income consistent with the long term preservation of capital in real terms. Investment decision5 should be made based on the views of a prudent person in accordance with the Standard of investment criteria relating lo suitability and diversification. These objectives are reviewed annually. The Trustees wish lo ensure that the objectives outlined above are achieved with an acceptable risk. This implies the need for diversilicalion of investment of the Trust lo 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, including 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 lo international markets. Paoe 3
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Trustees. Annual Report The Investment Managers are required to operate within the constraints applying to trusts governed by the Trustee Act 2000. The perforrnance of the fund is currently monitored against the benchmark ol FTSE 100 Index, the ARC Charff(y Equity Risk Index and the ARC Charity Steady Growth index. The Investment Managers provide regular reports lo the Trustee5 who review the performance of the portfolio and of the Investment Managers at least three limes a year. The Trustees were pleased lo note the maintained value of the investments over the last len years despite the 10181 grants that have been made during the same period. Reserves The Trustees do not consider the underlying eapilal to be reserves Sin they fomi the sole source of Income for the Trust. 11 is not the intention ol the Trustees lo build up or maintain income reserves. with any under expenditure of income being balanced by over expenditure In preceding or subsequent years The Charity had no long-term commitments as al the Balance Sheet date and nel held were Unreslricled Funds, considered lo be flee reserves and fully available for spending al the Trustees, discretion. Risk Mana emenl 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 lo manage those risks. After considering the areas of governance. operational, financial, environmental and Complian the Trustees have identified Ihal major negative fluclualions in investment assets could cause a material risk lo the Charity's funds. In order to rniligate this risk and in accordance with s15 Trustee Act 2000 the Trustees have est2blished a Policy Slalemenl to be adhered to by the Investment Manager, which is reviewed at least once a year in line with investment performance. Structure, governance and management This Charitable Trust was created by Deed dated 13 February 1998. Its governing body are the Board of Tiustees. The power of appointing new Trustees is vested in the then current TrLJStees. The Trustees are selected due lo their connecb.on with the current Trustees in accordance with their skills, experience and understanding of the obligations imposed on such an appoinlmenl. The Trustees do not undergo formal training as such bul ensure they operate in accordan with current practice and meet with their duties within their powers as advised by Rathbones Tru51 Company Limited and from guidance published by the Charity Commission. The Trustees meet three times a year lo review applications for funding, investment performance, income levels and the financial slalements. The charity's governing document does not impose meetings lo be held in person. Paye 4
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Trustees. Annual Report Future plans The Trustees intend lo continue with their policy of di51ribuling income after expenses lo charitable causes throughout Merseyside and Wirral normally in one-off grants. From time lo lime. grants may be spread over a period ol iwo or more years bul this would be exceptional and the charily's reserves policy should be reviewed accordingly. Reference and administrative details Registered No.. 1073028 Princip81 office.. Clo Ralhbones Investment Management, Port of Liverpool Building, Pier Head Liverpool. L3 1 NW TTuslees who served during the year.. Andrew Timothy Morris stuart Neild Keppie Caroline Jane Lucy Tod David Fairclough Bernard Kenny- Appointed 16 April 2025 Secretaries.. Thomas William Evans Valerie Hewitt Accountancy.. Ralhbones Trust Co Ltd, Port of Liverpool Building, Pier Head, Liverpool, L3 1 NW In(Sependenl Examiner.. Laura Cross. Clo Port of Liverpool Building, Pier Head, Liverpool, L3 1 NW Bankers and Inveslrnenl. Ralhbones Investment Management, Port of Liverpool Building, Pier Head, Liverpool. L3 1NW Ptye5
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUL)ITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Trustees. Annual Report Statement of Tru5tees' responsibilities for the annual accounts The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable lo charities in England and Wales reqUIS the Trustees lo prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources ol the charity for that year. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting polices and then apply them consistently., observe the methods and principles sel out in the Charities SORP IFRS 1021, as updated., make judgements and eslimales that are reasonable and prudent", slate whether applicable UK accounting standards have been followed, subject to any material departLtres disclosed and explained In the financial slalements.. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The Trustees have assessed the charity s ability to continue as a going concern and considered any material uncertainties that may impact this assessment. The Trustees are responsible for.. keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy al any lime the financial position of the chanty", ensuring compliance with the Charities Act 2011, Ihe Charity IAc¢ounls and Reportsl Regulations 2008, and the provisions of the Tnjst Deed., safeguarding the assets of the ¢harily and taking reasonable Steps for the prevention and detection of fraud and other irregularities". maintaining appropriate systems of internal control and risk management., and ensuring that digital records and electronic filings comply with slalulory requirements. Declaration The Tnjslees confirm that they have approved the Trustees. Report and the financial slalements above and are satisfied that the charity has adequate assets available to fulf11 ils obligations and that the accounts comply with current slalulory requirements As agreed and signed on behalf ofthe Board of Trustees Andrew Timothy Morris Chairman Dote Page 6
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Independent Examiner's Report Independent examinerfs report to the Trustees of the Hemby Charitsble Trust - charity no: 1073028 I report on my exarninalion of the accounts of the above charity I'the Trust") for the year ended 31 January 2026, which are sel out on pages 7 10 17. Responsibilities of the Trustees and Independent Exarnlner As the charity's Trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"Ihe ACV'I. You eonsider th81 an audit is not required under $144 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 14515llbl of the Act. It is my responsibility lo stale whether particular matters have come lo my attention. Basls 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 ol the accounts wesenled with those records. It also includes consideration ol any unusual items or disclosures in the accounts and seeking explanalKJns 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 lo whether the accounts present a 'lrue and fair, view. The report is limited lo those matters sel out in the slalemenl tEIow. Independent Examlnerfs statement l am a member of an approved body subject lo the provisions of the Revised Ethical Standard 2024 issued by the Financial Reporting Council IFRCI. Ralhbones Trust Company has provided bookkeeping services in accordance wlh the terms of engagement signed by the Trustees and I do not report to the bookkeeper in any respect. I give due consideration lo the FRC'S Revised Ethical Standard 2024 al all limes. I have completed my examination and confirm that no mallers have come to my attention which give me cause to believe that in any malerial respect.. the accounting records were not kept in accordance with 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 sel out in the Charities IAccounts 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 ol an 1ndependent examination. I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. E JULLL Laura Cross fEP MAAr Port of Liverpool Building. Pier Head. Liverpool Date Page 7
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 statement Of Financial Activities Unrestricted Funds 2026 Total Fund5 2026 Total Funds 2025 Income from: Investments Other income 107,869 1,765 107,869 1,765 110,075 2, 746 Total 109.634 109,634 112,821 Expenditure on-. Raising funds Charitable activities 14,651 126.867 14,651 126,867 14,673 131, 762 Total 141,518 141,518 146,375 Nel Gainsl(Lossesl on investments 12 327,801 327,801 192, 162 Net movernent in Funds 295,917 295,917 158.608 Reconciliation of Funds: Total Unrestricted Funds as al 1 February 2025 3,670,826 3,670,826 3.512,218 Net movernent in Funds 295.917 295,917 158,608 Total Unrestricted Fund5 as at 31 January 2026 3,966,743 3,966,743 3.670,826 The notes on pages 10 10 17 form part of these accounts. Page 8
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AN[) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Balance Sheet Unrestricted Funds 2026 Total Fund9 2026 Total Funds 2025 Notes Fixed Assets Investments 12 3.890,940 3.890,940 3,590.952 Total Fixed Assets 3.890,940 3,890,940 3,590, 952 Current Assets Debtor5 Cash al Bank and in hand 13 14 5,908 79,223 5,908 79,223 6. 742 83,110 Total Current Assets 85.131 85,131 89,852 Llabilities.. Credilors.. Amounts falling due within one year 15 9,328 9,328 9,978 Net Current Assets I (Liabllltlesl 75,803 75,803 79,874 Total Net Assets as at 31 January 2026 3,966,743 3,966.743 3,670,826 Funds of the Charity Total Charity Fund$ a9 at 31 January 2026 3,966,743 3,966,743 3,670,826 Approved by the Board of Trustees on and signed on its behalf by. Andrew Timothy Morris Chairman The notes on pages 10 10 17 form parl of these accounts. Page 9
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Accounts Charity Information The Hemby Charitable Trust 15 a Public Benefit Entity governed by a Selllemenl Deed dated 13 February 1998 registered in England and Wales. Ils principal address is Clo Rathbones Investment Management, Port of Liverpool Building, Pier Head, Liverpool, L3 1 NW. 2 Accounting Policies The financial slalemenls have been prepared in accordance with the accounting policies set out in 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities. Slalemenl ol Recommended Practice applic3ble lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (second edition published in October 20191. The accounts are prepared in sterling, which ig the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The accounts have been prepared on the historical cost convention, modified lo include the revaluation of investments al fair value. The principal accounting policies adopted are sel out below. The charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not lo prepare a Slalemenl 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 lo enable il lo continue in operational existence for foreseeable fulufft and there are no material uncerlainlies about Ihe charity's ability lo continue as 8 going concern and thus the Trustees continue lo adopt the 'going concern. basis of accounting in preparing the financial stslements. Charitable Funds Unreslricled funds are available for use al the discretion of the charity in furtherance of their charitable objectives unless the funds have been designated for other purposes. Income Income is recognised then the charity is legally entitled lo it alter any performance conditions have been mel, the amounts can be measured reliably and il Is probable that income 11 be received. Cash donations are recognised on receipt. Other donations afe recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income Tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. All dividend income is recorded nel and includes tax deducted only when it is repayable lo the Charity. Page 10
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Accounts Expenditure Expenditure is recognised when paid or when there is a legal or conslruclive obligation for which il is more likely than not that a transfer of economie benefit wll be required in settlement and the amount can be reliably measured as al the reporting dale. A constructive obligation exists where the charity has communicated the commitment lo provide particular funding to the recipient by the reporting date and there are no conditions allached to rts payment falling due after the reporting date. Provisions for liabilities musl be recognised when either the timing or the amount of future expenditure required lo sellle the obligation is uncertain. These are distinguished separatdy on the balance sheeL If a transfer of resources is no longer required, provisions are reversed and charged to the SOFA. Support Costs and Employee Benefits ASI support costs and employee benefits are paid from Unrestrict1 Funds. The employees of the charity do not accrue holiday entillemenl. Any termination benefits awarded are recognised immediately as an expense. Tanglble Fixed Assets Tangible assets are capilalised if they can be used for more than one year and cost at least £1,000. They are valued al cost or. if gifted. al their value on receipt. The charity dcEs not have any capilalised tangible assets al present. Investments Investments held in the fund are included al their market value as follows. lal {bl Listed securities are valued al the mid market value ruling al the balance sheet dale. Listed securities held in foreign currencies have been valued al the mid market value and translated into their sterling equivalents al the rates ruling al the balance sheet dale. Gills are valued al the mid market value ruling at the Balance Sheet date and include interest which has accrued up lo that dale. 1¢) Investments are classified as a fixed asset except when classified as a current asset where the intention of the trustees is lo dispose ol the asset and not reinvest the proceeds. other recognised Gains and Losses Realised gains and losses on investments are calculated as the differen between sales proceeds and their market valLJe at the start of the year, or their subsequent cost and are charged or credited lo the Statement Of Financial Activities in the year of disposal. Unrealised gairis and losses represent the movement in market values during the year and are credited or charged lo the Slalemenl of Financial Activities resulting from revaluing investments to market value at the Balance Sheet dale. Taxation The charity is not liable to income or capital gains lax on ils charitable aclivilies. Irrecoverable VAT is included in the asset cost or the expense lo which it relates. Page11
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Accounts Cash at bank and In hand Cash al bank and in hand is held lo meet short-term cash commitments 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 ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity bewrnes party lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset. with the net arnounts presented in the financial slalemenls when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and sellle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al Iransaclion price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing transaction, where the transaction is measured at the present value of the future receipts discounted al market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslitules a financing Iransaclion, where the debt instrument Is measured at the present value af the future receipts discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditor5 are obligations lo pay for goods or Service that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classi11ed as current liabilities if payment is due withing one year or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured at amorlised cost using the effective interest method. Derecognition A financial asset is derecognised when il is settled or when the contractual rights lo the cash flows expire. A financial liability is derecognised only when il is discharged, cancelled or expires. Page 12
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Accounts 3 Critical accounting estimates and judgements In the application of the charity's accounting policies. the Trustees are required lo make judgements, eslimales and assumptions about the carryino amount of assets and liabilities that not readily apparent from other sources. The estimates and associated assumptions are based on historical exper1ence and other factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. RevisK)ns to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only thal period, or in the period of the revision and future periods where the revision affects both current and fulure periryls. 4 Investment income 2026 2025 UK Gilts l Fixed Interest UK Equities and Unit Trust Income Overseas Foreign Withholding Tax Excess Eieportable Income Accrued Income 8.387 71.524 31.484 13.5671 41 8,718 74,811 29,945 13.4551 107,869 110,075 S Other income 2026 2025 Bank interest 1.765 2,746 1.765 2, 746 6 Raising funds 2026 2025 Investment management costs 14,651 14,613 14,651 14,673 7 Charitable Activities Grant making." Charitable donations made lo institutions Returned donation Cancelled grants Office costs Staff costs Inole 91 Governance costs Inole 111 2026 2025 107,884 11,5001 t16,356 (4,000) 963 70.433 8,010 1,477 10,846 8,160 126,867 131. 762 Details of the charitable donations rnade 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 31 JANUARY 2026 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 13 February 1998 Ilhe deed) and employ persons lo assist with the day-lo-day running of the Trust and lo pay, enter into agreements and fix such ieasonable salary as they in their discretion think fit. 9 stsff Costs and Employee Benefits 2026 2025 Salary- Gross No employer's National Insurance 1$ payable as the liability is covered by the Employment Allowance. 10,846 10,433 The Trustees were not required lo make a pension availatle lo the current staff during the year ended 31 January 2026 or 31 January 2025. The average number of part lime equivalent employees during the year was 2 12 in 20251 with all employee time involved in providing SLJPPOrt to the charity's activity of grant making. No employees reiVed employee benefits of more than £60,000 during the year ended 31 January 2026 or year ended 31 January 2025. 10 Trustee expenses, remuneration and benef its None of the Trustees have been paid remuneration or received any benefits from employment with the charity during the yeaf ended 31 January 2026 or year ended 31 January 2025. No Trustee expenses have been incurred during the year ended 31 January 2026 or year ended 31 January 2025. 11 Governance Costs 2026 2025 Accountancy, compliance and adminislralion fees Accountancy fee - prior year overprovisitin Independent Examination fees Payrdl Fee Payroll Fee- prior year overprovision Insurance. Trafalgar Fiduciary Service 5,220 11441 870 1,200 13001 804 510 5, 100 840 1.314 756 8,070 secb.on 189 of the Charities Act provides a general power to buy Trustee Indemnity Insurance using charity funds. The charity paid £804 during the year ended 31 January 2026 for insurance cover, thich included Trustee Indemnity Insurance. Page 14
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Accounts 12 Investment assets Value al Purchases Sales Realised Unrealised Value al 07/0%?025 at cost prweeds GainllLossl GainllLossl 3110112026 2,780 126,873 92,638 2,073.775 219,187 1,690.292 Listed inveslments.- Fixed Interest Overseas UK Equities 174, 093 1.981,218 1,435.641 268,133 1319,0001 390,786 1389.6381 231,035 1209. 1291 11.2291 13,558 3,590.952 889,954 917,767 13,196 314,605 3,890,940 13 Current assets Deblors Ex-Diwdends due Dividends due Other Debtors 2026 2025 5.589 5,028 1, 714 319 5,908 6, 742 14 Cash at bank and in hand 2026 2025 Cash al bank 79,223 83,110 79,223 83,110 15 Credltors and Provisions Creditors.. Amounts falling due within one year Other creditors and accruals PAYE & Nl contributions Office costs Grant payable 2026 2025 8.060 229 39 1.000 9, 728 214 36 9,328 9,978 16 Capital commitments and Contingent liabilities At the 31 January 2026 and 31 January 2025 the Trust had no capital commitments or conlingenl Pa92 15
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Ac¢ounts 17 Financial Instruments 2026 2025 Carrying amount of financial assets Debt instruments receivable within one year Debtors Cash 5,908 79,223 6, 742 83.110 85,131 89,852 Carrying amount of financial liabilities Payable within one year Creditor5 9.328 9,978 Instruments measured atfair value through SOFA Inveslments al value 3,890,940 3.590, 952 18 Comparative Statement of Financial Activities Unrestricted Funds 2025 Total Funds 2025 Income from: Investments Other income 110,075 2,746 110,075 2.746 Totsl 112,821 112.821 Expenditure on: Raising Funds Charitable 8clivilies 14,613 131,762 14,613 131.762 Total 146,375 146,375 Net GainsllLossesl on investments 192,162 192,162 Net movement in Funds 158,608 158,608 Reconelliation of funds.. Total Unrestricted Funds as al 1 February 2024 3,512,218 3,512,218 Nel movement in Fund5 158,608 158,608 Total Unrestricted Funds as at 31 January 2025 3,670,826 3,670,826 Page 16
THE HEMBY CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 Notes to the Accounts 19 Transactions wlth related parties Interests are always properly declared and acknovAedged during determination of applications. In these situations the person wlh 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 served as a Tfustee of Marine in The Community. who received a grant of £2,861 year. so he took no part in the grant decision. David Fairclough also declared a close family member is associated with Frsends of Merefield School, which roceived a grant of £5,000 in the financial year. He took no part in the Trustees decision. BenaTd Kenny disclosed 8 close family member is associated with Alder Hey Hospital and was excluded from the grant making decision for Alder Hey Children's Charity, which received a £5,000 grant in the financial year. There have been no further related party transactions during the year ended 31 January 2026 or year 31 January 2025 requiring disclosure. Paoe 17