Charity number: 1074025
Company number: 03667290
(England and Wales)
Helena Kennedy Foundation
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 May 2025
Helena Kennedy Foundation Contents Page For the year ended 31 May 2025
| Report ofthe Trustees | 1to7 |
|---|---|
| Independent Examiner's Report to the Trustees | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| NotestotheFinancialStatements | 11to20 |
Helena Kennedy Foundation Report of the Trustees For the year ended 31 May 2025
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and t financial statements for the charitable company for the year ended 31 May 2025. The Trustees have adopted the provisions ef Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
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Helena Kennedy Foundation Report of the Trustees Continued For the year ended 31 May 2025
Chair's report The Helena Kennedy Foundation exists to support disadvantaged students from the further and adult education sectors to transform their lives through higher education and fair access to the graduate professions. The Foundation was established In 1998to make a practical contribution to govemment policies on widening participation in higher education and promoting soclal inclusion. We aim to tackle social injustice by supporting those who face multiple barriers to participation in higher education and work to fulfil their potential. Since our creation, the Foundation has provided financial support to nearly 2440 students, With the costs associated with studying in higher education continuing to rise and a challenging employment market impacting on opportunities for students to galn accass to part time work to support their studies, this support remains more relevant and Important to students’ needs than ever, We award bursaries of £2,250to individuals who have successfully completed a programme of study at a further education sector college and are progressing on to a course in Higher Education. Many of our winners have progressed to successful careers such as accountants, audiologists, auditors, scientists, doctors and many more. They continue to stay in touch with the Foundation to help give back by mentoring current bursary winners. All the students we support come from low-income backgrounds and face financial difficulty. Our students are a testament to the power of education in overcoming social disadvantages and include:
- Students labelled as failures by the schools' system, often because of undiagnosed learning difficulties such as dyslexia. - Students lacking parental and family support. ~ Students who have made unsuitable career and course cholces early on in thelr life and want to retrain and acquire higher level skills. - Students who left school at 16 and found themselves in a string of unrewarding and low paid jobs, before recognising the need, as more mature adults, to obtain higher level skills and a degree to improve their job prospects and quality of life. - Students in transition, emotionally and geographically. These include: - Ex-alcoholies or drug addicts who have realised that education can support their rehabilitation process - Victims of sexual abuse or domestle violence struggling to lift their personal lives out of misery through education » Those fleeing from persecution and torture and seeking refuge or political asylum In the UK - Students with a history of severe health problems, physica! disabllities, or emotional difficulties, sometines as a result of a serious accidentthat has radically alterthe way th e y lived their lives and for whom education is a life saver - Casualties of oppression, discrimination, and injustice, often on the grounds of race, religion and sexual orientation - Students experiencing mental ill health - Students who are lone parents, on low Incomes and with low skills levels, many of whom come from poor, working class and black and minority ethnic communities. The pastoral support offered by the Foundation includes: - One to one support provided by the Foundation's support staff - Specialist practical and emotional support (e.g., dyslexia, victim support) brokered through partnerships with other agencies - A casework service to help troubleshooting on issues - Where funding is available, we seek to run skills tralning workshops to help students develop in areas identified by employers as the skills needed in the workplace, including leadership, team working, effective communication, writing a CV and successful interview skills. To help students develop professional networks and gain an insight Into highly competitive professions and Industries we aim to: - Run a mentoring scheme to match students up with mentors working in jobs, Industries and professions that match their interests - Broker work placement and shadowing opportunities - Run insight days and careers talks with companies across a range of industries and professions Where practicable we share our experience as practitioners around widening participation In education and fair access to the professions by contributing to publications, appearing on public platforms, commenting In the media and commissioning and producing research. We seek to give our students the opportunity to share their own experiences, which helps develop their own skills and confidence as well as giving policy makers a first-hand insight into the experiences and achievements of these remarkable individuals.
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Helena Kennedy Foundation Report of the Trustees Continued For the year ended 31 May 2025
OBJECTIVES AND ACTIVITIES
Statement on public benefit
The trustees have considered the Charity Commissions guidance on public benefit, including the guidance ‘public benefit: running a charity {(PB2y.
Trustees review the Foundations alms, objectives, activities, achievements, and performance each year, Performance is monitored against our Strategic Plan and Annual Operating Plan. Trustees refer to the guidance contained in the Charity Commissions general guidance on public benefit and ensure that planned activities contribute to the aims and objectives set.
Trustees conclude that, since the Helena Kennedy Foundation exists primarily to overcome social injustice by providing support for disadvantaged students fo access higher education, the charity can demonstrate beyond doubt that each of the principles outlined In the Charity Commissions guidance on Charities and Public Benefit are being met.
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Helena Kennedy Foundation Report of the Trustees Continued For the year ended 31 May 2025
ACHIEVEMENTS AND PERFORMANCE
Significant activities The financial year 24/25 continues to see HKF grow financially stable. Whilst HKF navigated through the impact p COVID19, we now are dealing with the challenges of the cost of living and potential increase in tuition feep. During the year the charity was Invited to take part in a commurications strategy programme and small leadership training, Both programs ran overa period ofaround9 months. We were pleased to welcome PA Foundation as a strategic partner, This was secured through the recommendation of ja previous bursary winner. The fifty bursaries sponsored by PA Foundation will be reserved for students undertaking ST subjects. Our Bursary awards provide financial support that makes a real difference to our students’ ability to meet the rising costs associated with studying. It remains the primary reason for students’ application to the Foundation. The Trustees are delighted to report that the number of new students receiving a bursary award during this financial year was 107. HF received 539 applications, around 10% were not reviewed due to ineligibility or duplication, This is considerably higher the usual and is attributable to raising awareness of the charity, cost of living crisis and changing the application procesp. Notwithstanding this increase in application, wea were significantly over-subseribed and many more would benefit from the financial support we offer, as well as the wider package of mentoring, advice and guidance, training and work placements should we be able to secure additional funding. We also expect our application numbers to rise next year. Progression rates for our students are typically in the 90-95% range. Of those that do not progress fram one year to the neat, many go on to retum to their studies a year or two later and continue to receive advice and guidance from the charity. Around 96% of our students graduate - which is significantly above the national average. This is even more impressive give the serious hurdles our students have overcome to succeed in education. We are immensely proud of this achievement and of our students. Ensuring that our students complete their studies not only helps their fife chances, but saves the studert higher education Institutions and the taxpayer @ great deal of money, due to the high direct costs and social costs non-completion. NCFE We are delighted too that our strategie partnership with NCFE continues. The DISCOVER programme anables 15 F colleges to take part in a college bursary scheme, whereby 15 Students are awarded a bursary of £1,500to support their success and progression to higher education or employment. NCFE also sponsors 10HE bursaries each year, where winners recelve £2,250. NCFE staff also mentor HKF bursary winners. The partnership is going from strength fo strength, and we enjoy great support from The CEO and their team. Skills Education Group The Skills and Education Group supported the annual House of Lords reception. Through the partnership they provide £ bursaries per year for FE students from their member colleges progressing to Higher Education. Any applicants we al unable to support are encouraged to apply to SEG's own funds and a secure bursary of £350 each. PA Consulting Thanks to former winner PA Foundation sponsored 10 bursaries in 2021for Stem related subjects. Subsequent PA Foundation sponsored 50 bursaries. We are delighted they will continue their support in 2025, Pastoral and Mentoring Support We continue to offer one to support with Improving your cv, improve your Linkedin profile amongst others which is alsp now available as a resource on ‘YouTube. This is also an opportunity for winners to discuss any Issues in 4 safe environment, The meet and greet week as part of the welcome to HF was well received. We continue to offer one to org support alongside a monthly drop-in chat session. Impact report An impact report was commissioned for the time frame of 2019-2023. Going forward this will be used as a basis to measurp future data. 4 of 20 | a —_— J
Helena Kennedy Foundation Report of the Trustees Continued For the year ended 31 May 2025 FINANCIAL REVIEW During the year, the total income received was £439,496 (2023-24 : £462,828), Total expenditure was £409,283 {2023-24 - £315,892), resulting in a total net income before investment gains of £30,213 (2023-24 : £146,936} net income. The gain attributable to unrestricted funds was £31,458 (2023-24: £31,566) after investment gains and adjustments, whi consolidated the Charity's unrestricted reserves position from £339,358 at the start of the year to £370,816at the end of year. Of this, £75,000 is represented by general fund reserves, representing six months’ running costs to cover unforese: costs and commitments in line with the reserves policy. The remaining £295,816ls accounted for as designated funds the balance sheet, baing earmarked by the charity for future spending on charitable objects, in line with the reserves policy. The financial numbers represent a robust position. The Charity has achieved a secure financial footing through combination of fundraising activity and keeping operating costs under control over this period of tight fiscal restraint whi has, regrettably, resulted in many small charities like HKF ceasing to operate, In this regard, the positive achievements the Foundation over the last six years cannot be understated and praise for this is due in no small measure to the dedica efforts of our operations Manager and her small team. Our Treasurer, who brings with him a wealth of finance experience, has also resulted in significant improvements to © financial processes and financial planning. Restricted funds increased by £130,919 after adjustments, from £666,600to £669,283. Of this balance, the whole £669,268 related to the Badged Bursary Scheme. In line with the reserves policy, restricted funds are managed to ensure that they a spent in line with donor requiraments and do not go into a negative position. The Trustees are pleased to note that direct charitable expenditure through student bursaries in 2023/24 amounted £264,256 (2023-24 : £202,318). Investment Powers and Policy Under the Memorandum and Articles of Association, the charity has the power to invest in any way the Trustees wish. present policy is to invest surplus liquid deposits in income generating cash deposits and investments. Reserves Restricted funds are managed to ensure that they are spent in line with donor requirements and do not go into a neg position. The Charity regularly reviews its reserves policy, as It has done during this year, and sets aside at least six months runni costs to cover unforeseen costs and commitments in the event of a sudden reduction in funding or cessation of activitleg. These are accounted for as general fund (unrestricted) reserves and are also index linked to inflationary pressures. Any additional unrestricted funds which remain unspent are accounted for as contingency funds on the balance sheet, bei held in reserve by the charity to cover bursary as well as other forms of student support, in line with charitable objects a the reserve pollcy. In addition, this year CRM systems are being fine-tuned to streamline the charity data base and stude selection processes. Other unrestricted funds are accounted for as designated fund reserves or invested over the short medium term.
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Helena Kennedy Foundation Report of the Trustees Continued For the year ended 31 May 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The Helena Kennedy Foundation is a company limited by guarantee, governed by its Memorandum and Articles Association dated 13th November 1998. It is registered as an independent educational charity with the Charity Commission. The members (currently 13) undertake to contribute the sum of £1 in the event of the charity winding up.
Organisation and Management The Board of Trustees delegates the day-to-day leadership and management of the charity to paid fulHime employees who during the year comprised a Director of Operations Manager and a Projects Coordinator.
The charity Is fortunate to be supported by a range of volunteers who help the charity through the generous donation of their time, skills and experlence in a number of ways:
giving careers talks on a range of sectors and industries
allowing students to shadow them at work
organising fundraising activities
assisting within the foundation with activities including administration, student support and organising events
Many of our volunteers are previous beneficiaries of the charity who want to give something back. Our beneficiaries al come back to the Foundation to give talks at events as ambassadors.
Risk Management
Trustees regularly review the major organisational, financial and reputational risks assessments laid out by the Foundation, Recruitment and appointment of trustees
Appointment of Trustees
New Trustees are appointed through an open process following completion of a Trustees skills audit undertaken fo as any gaps in the overall profile and competencies of the Board. As set out in the Articles of Association, Trustees a appointed by agreement at the annual general meeting normally held in October or November each year.
Trustees Induction and Training
New Trustees are offered an induction program. This includes: + An opportunity to visit the Foundation's offices to meet staff to familiarise themselves with the Foundation's work. * A copy of the Trustees information pack, containing relevant literature on charity trusteeship from the Charity Commission, including details of the Trustee appraisal system. + Relevant information from Companies House on the responsibilities of directorship.
There are also ongoing development opportunities for Trustees to attend conferences and seminars on issues relevant their roles. These are provided on an ad hoc basis.
REFERENCE AND ADMINISTRATIVE INFORMATION
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Name of Charity Helena Kennedy Foundation
Charity registration number 1074625
Company registration number 036672590
Principal address South & Clty College Birmingham Handsworth Campus
The Council House, Soho Road
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Birmingham
England
B21 9DP
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Helena Kennedy Foundation Report of the Trustees Continued For the year ended 31 May 2025
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Dr Julie Mills OBE DL (Chair) Mr John Sandiford Haigh (Treasurer} (Resigned: 05 December 2024}
Ms Elizabeth Hess
Ms Mica Coleman Jones
Ms landra MacCallum Tchoudnowsky
Mr Mark Cooper
Ms Rachael Shimmin OBE
Mr Philip Le Feuvre
Mr Paul Anthony Eeles
(Resigned: 23 October 2024)
independent examiner
Victoria Anderson BA (Hons) FCA DChA Carpenter Box
2 St Andrews Place
Lewes, East Sussex
BN7 1UP
Bankers
The Co-operative Bank pic
PO Box 101
1 Balloon Street
Manchester, M60 4EP
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill, West Malling
Kent
ME18 4JQ
Aldemore Bank
50 St Mary Axe
London,
EC3A 8FR
Virgin Money
Jubilee House
Gosforth
Newcastle Upon Tyne,
NE3 4PL
Approved by the Board of Trustees and signed on its behalf by
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Mr Sra ana
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Helena Kennedy Foundation Independent Examiners Report to the Trustees For the year ended 31 May 2025
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 May 2025.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act asd are eligible for independent examination, | report in respect of my examination of your charity's accounts carried out und section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b} of the 2011 Act. independent examiners statement Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed [in section 145 0f the 2011Act. | confirm that { am qualified to undertake the examination by virtue of my membership Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do net accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which Is not a matter considered as part of an independent examination; or 4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102).
| 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.
Victoria Anderson BA(Hons)FCADChA
Carpenter Box
2 St Andrews Place Lawes, East Sussex
BN7 1UP
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Helena Kennedy Foundation Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 May 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|2025|2024|
|funds|funds|
|£|£|£|E|
|Income|and|endowments|from:|
|Donations|and|legacies|2|243,134|185,250|428,384|447,829|
|Other trading|activites|3|351|“|351|1,507|
|Investments|4|10,761|-|10,761|13,492|
|Total|254,246|185,250|439,496|462,828|
|Expenditure|on:|
|Raising|funds|(6,245)|-|(6,245)|(4,892)|
|Charitable|activities|5/6|(138,782)|(264,256)|(403,038)|(311,000)|
|Total|(145,027)|(264,256)|(409,283)|(31|5,892)|
|Net gains/(losses)|on|investments|3,928|-|3,928|15,549|
|Transfers|between|funds|(81,689)|81,689|=|7|
|Other|recognised|gains/losses|
|Net movement|in funds|31,458|2,683|34,141|162,485|
|Reconciliation|of|funds|
|Total funds brought forward|339,358|666,600|1,005,958|843,473|
|Total funds carried forward|370,816|669,283|1,040,099|1,005,958|
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Registered Number :
03667290
Helena Kennedy Foundation Statement of Financial Position As at 31 May 2025
Statement of Financial Position
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 12 | 2,863 | > |
| Investments | 13 | 270,289 | 273,381 |
| 273,152 | 273,381 | ||
| Current assets | |||
| Debtors | 14 | 17,478 | 47,471 |
| Cash at bank and in hand | 756,458 | 701,986 | |
| 773,936 | 749,457 | ||
| Creditors: amounts falling due within one year | 15 | (6,989) | (16,880) |
| Net currentassets | 766,947 | 732,577 | |
| Total assets less current liabilities | 1,040,099 | 1,005,958 | |
| Net assets | 1,040,099 | 1,005,958 | |
| Thefunds ofthe charity | |||
| Restricted income funds | 16 | 669,283 | 666,600 |
| Unrestricted income funds | 16 | 370,816 | 339,358 |
| Totalfunds | 1,040,099 | 1,005,958 |
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: a,
Trustee
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Helena Kennedy Foundation Notes to the Financial Statements For the year ended 31 May 2025
1, Accounting Policies
Basis of accounting
The financlal statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019), Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Helena Kennedy Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The financlal statements are prepared, on a going concem basis, under the historical cost convention.
The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concem,
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees In furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictlons placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that
described above
Incoming resources
Income is recognised when the charity has entittement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be recelved and that the amount can be measured refably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and Is not deferred.
Income received in advance of the provision of a specified service Is deferred until the criteria for income recognition are met,
Interest receivable Interest on funds heki on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the Interest paid or payable by the bank.
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, itis probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose - Expenditure on charitable activities Includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs
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Other expenditure represents those items not falling into any other heading
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred,
Allocation and appointment of costs
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, 4 proportion of the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned to the bursary programme based on the value of uncomitted bursary amounts.
Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities.
Taxation
As a registered charity, the company is exempt from income and corporation fax to the extent that its income and galns are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment - 4 years
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Current asset Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in falr value will be recognised in the statement of financlal activities and any excess of fair value over the historic cost of the investments will be shown as a fair value reserve in the balance sheet. Investment gains and losses, whether realised or unrealised, ara combined and shown in the heading “Net gains/(losses) on investments” In the statement of financial activities, The charity does not acquire put options, derivatives or other complex financial instruments.
Realised galns and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
42 af 20
Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. Income from donations and legacies
| Income from donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2025 | 2024 | |
| funds | funds | |||
| £ | £ | £ | ‘£ | |
| Donations received | 237,134 | 185,250 | 422,384 | 447,829 |
| Sponsorships received | 6,000 | - | 6,000 | - |
| 243,134 | 185,250 | 428,384 | 447,829 + |
|
| Income earned from other activities | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| Fund raising and Publicity | 351 | 1,507 | ||
| 351 | 1,507 | |||
| + | ||||
| Investment income | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| Income from listed investments | 7,115 | 7,822 | ||
| Bank interest receivable | 3,646 | 5,670 | ||
| 10,764 | 13,492 | |||
| $ |
3. Income earned from other activities
4, Investment income
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
5. Costs of charitable activities by fund type
| Costs of charitable activities by fundfund type | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2025 | 2024 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Bursary Programme | - | 264,256 | 264,256 | 202,318 |
| Supportcosts | 138,782 | . | 138,782 | 108,682 |
| 138,782 | 264,256 | 403,038 | 311,000 | |
| Costs of charitable activities by activity type | ||||
| Activities | Support | 2025 | 2024 | |
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| BursaryProgramme | 264,256 | 138,782 | 403,038 | 311,000 |
6. Costs of charitable activities by activity type
7. Analysis of support costs
| Analysis of supportsupport costs | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Bursary Programme | ||
| Other Office Expenses | 6,331 | 5,636 |
| Investment | 2,382 | 2,324 |
| Management Costs | ||
| Website and IT | 5,086 | 9,450 |
| Staff Costs | 93,150 | 77,579 |
| Accountancy | 12,100 | 12,013 |
| Consultancy | 17,975 | - |
| Governance costs | 1,758 | 1,680 |
| 138,782 | 108,682 |
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
8. Nat income/(expanditure) for the year
This is stated after charging/(crediting): is stated after charging/(crediting): stated after charging/(crediting): after charging/(crediting): charging/(crediting):
This is stated after charging/(crediting): is stated after charging/(crediting): stated after charging/(crediting): after charging/(crediting): charging/(crediting): 2025 2 £ Depreciation of owned fixed assets 141 261 Accountancy fees 1,758 1,680 Staff pension contributions 1,941 1,736
- Staff costs Total staff costs for the year ended 31 May 2025 were:
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|||||
|---|---|---|---|
|2025|
|£|
|Salaries and wages|84,337|70,348|
|Social security costs|2,998|2,197|
|Pension|costs|1,941|1,736|
|89,276|74,281|
|2028|2|
|Management|2|
|2|
|No employee eamed more than £60,000 during|the year|{nil:2024).|
|Both members|of staff are key management and their remuneration|{s outlined above.|
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40, Trustee remuneration and related party transactions
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024:Enil). No charity trustee received payment for professional or other services supplied to the charity (2024:£nil}. The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024:£nil). Trustees’ expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2024:£nil).
There are no related party transactions to disclose for 2025 (2024:none).
There are no donations from related partles which are outside the normal course of business and no restricted donations from related parties.
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
11, Comparative for the Statement of Financial Activities
| 11, | Comparative for the Statement of Financial Activities | |||
|---|---|---|---|---|
| Unrestricted | Restricted | 2024 | ||
| funds | funds | |||
| £ | £ | £ | ||
| Income and endowments from: | ||||
| Donations and legacies | 151,579 | 296,250 | 447,829 | |
| Othertrading activites | 1,507 | - | 1,507 | |
| Investments | 13,492 | - | 13,492 | |
| Total | 166,578 | 296,250 | 462,828 | |
| Expenditure on: | ||||
| Raising funds | (4,892) | - | (4,892) | |
| Charitable activities | (108,682) | (202,318) | (311,000) | |
| Total | (113,574) | (202,318) | (315,892) | |
| Netgains/(losses) on investments | 15,549 | - | 15,549 | |
| Transfers between funds | (36,987) | 36,987 | - | |
| Other recognised gains/losses | ||||
| Net movement in funds | 31,566 | 130,919 | 162,485 | |
| Reconciliation offunds | ||||
| Total funds brought forward | 307,792 | 535,681 | 843,473 | |
| Totalfunds carried forward | 339,358 | 666,600 | 1,005,958 | |
| $ | ||||
| 12. | Tangible fixed assets | |||
| Office | ||||
| Cost orvaluation | equipment | |||
| £ | ||||
| At 01 June2024 | 25,643 | |||
| Additions | 3,004 | |||
| At 31 May 2025 | 28,647 | |||
| Depreciation | ||||
| At 01 June 2024 | 25,643 | |||
| Charge foryear | 141 | |||
| At 31 May2025 | 25,784 | |||
| Net book values | ||||
| At31 May2025 | 2,863 4 |
|||
| At31May2024 | I |
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
Investments
13. Analysis of movement of commercial investments
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Market value at 01 | 273,381 | |
| June 2024 | ||
| Additions to | 31,077 | |
| investment at cost | ||
| Disposals at carrying | (38,097) | |
| value | ||
| Netgain/(loss) on | 3,928 | |
| revaluation | ||
| Market value at 31 | 270,289 | |
| May 2025 | ||
| Debtors | ||
| 2025 | 2024 | |
| £ | £ | |
| Amounts due within one year: | ||
| Trade debtors | 15,000 | 43,000 |
| Prepayments and accrued income | 2,478 | 4,471 |
| 17,478 | 47,471 | |
| Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Other creditors | 331 | 1,234 |
| Accruals and deferred income | 6,658 | 15,646 |
| 6,989 | 16,880 |
14. Debtors
15. Creditors: amounts falling due within one year
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
16. Movement in funds
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Transfers | Gains and | Balance at | |
| 01/06/2024 | resources | resources | losses | 31/05/2025 | ||
| £ | £ | £ | £ | £ | £ | |
| General | ||||||
| Designated funds | 264,358 | 254,246 | (145,027) | (81,689) | 3,928 | 295,816 |
| General | 75,000 | - | - | - | - | 75,000 |
| 339,358 | 254,246 | (145,027) | (81,689) | 3,928 | 370,816 | |
| Unrestricted Funds - Previous year | ||||||
| Balance at | Incoming | Outgoing | Transfers | Gains and | Balance at. | |
| 01/06/2023 | resources | resources | losses | 31/05/2024 | ||
| £ | £ | - | £ | £ | £ | |
| General | ||||||
| Designated funds | 232,792 | 166,578 | (113,574) | (36,987) | 15,549 | 264,358 |
| General | 75,000 | - | - | - | - | 75,000 |
| 307,792 | 166,578 | (113,574) | (36,987) | 15,549 | 339,358 |
Purpose of unrestricted Funds
Designated funds
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
General
Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.
Restricted Funds
| Balance at 01/06/2024 |
Incoming resources |
Outgoing resources |
Transfers | Balance at 31/05/2025. |
||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Badged | Bursaries | 666,600 | 185,250 | (264,256) | 81,689 | 669,283 |
| 666,600 | 185,250 | (264,256) | 81,689 | 669,283 |
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Helena Kennedy Foundation
Notes to the Financial Statements Continued For the year ended 31 May 2025
Restricted Funds - Previous year
| Balance at | Incoming | Outgoing | Outgoing | Transfers | Transfers | Balance at | Balance at | |
|---|---|---|---|---|---|---|---|---|
| 01/06/2023 | resources | resources | 31/05/2024 | |||||
| E | £ | £ | £ | £ | ||||
| Badged Bursaries | 535,681 | 296,250 | (202,318) | 36,987 | 666,600 | |||
| 535,681 | 296,250 | (202,318) | 36,987 | 666,600 | ||||
| Purpose of restricted funds | ||||||||
| Badged Bursaries | ||||||||
| The Badged Bursary Fund relates to projects involving payment ofbursaries to students. | ||||||||
| Analysis of net assets between funds | ||||||||
| Tangible | Investments | Net current | Net Assets | |||||
| fixed assets | assets / | |||||||
| (liabilities) | ||||||||
| £ | £ | £ | £ | |||||
| Unrestricted funds | ||||||||
| General | ||||||||
| Designated funds | 2,863 | 200,289 | 92,664 | 295,816 | ||||
| General | - | 70,000—Cti. | 5,000 | 75,000 | ||||
| Restricted funds | ||||||||
| Badged Bursaries | - | - | 669,283 | 669,283 | ||||
| 2,863 | 270,289 | 766,947 | 1,040,099 | |||||
| Previous year | ||||||||
| Tangible | Investments | Net current | NetAssets | |||||
| fixed assets | assets / | |||||||
| (liabilities) | ||||||||
| £ | £ | £ | £ | |||||
| Unrestricted funds | ||||||||
| General | ||||||||
| Designated funds | - | 203,381 | 60,977 | 264,358 | ||||
| General | - | 70,000 | 5,000 | 75,000 | ||||
| Restricted funds | ||||||||
| Badged Bursaries | - | - | 666,600 | 666,600 | ||||
| - | 273,381 | 732,577 | 1,005,958 |
17. Analysis of net assets between funds
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Helena Kennedy Foundation Notes to the Financial Statements Continued For the year ended 31 May 2025
18. Company limited by guarantee
Helena Kennedy Foundation is a company limited by guarantee and accordingly does not have a share capital.
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