2024-04-05-accounts

Charity registration number 1078091

THE MAIDENHEAD MALACHI TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

THE MAIDENHEAD MALACHI TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr J Hyde Mrs M Hyde S Hyde S Hyde Mr J Hyde Mr M Sabiers Charity number 1078091 Registered office 4a Castlebar Park London W5 1BX Independent examiner Azets Audit Services 3Mc Middlemarch Business Park Siskin Drive Coventry United Kingdom CV3 4FJ

THE MAIDENHEAD MALACHI TRUST

CONTENTS

	Page
Trustees' report	1 - 3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 16

THE MAIDENHEAD MALACHI TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2024

The trustees present their annual report and financial statements for the year ended 5 April 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Trustees shall hold the trust fund and its income upon trust to apply them for all charitable purposes, in accordance with the laws of England and Wales, particularly by means of making grants and providing other support (whether of a financial nature or otherwise) in the UK and elsewhere in the world as the trustees may from time to time think fit.

The trust will look to fund:

1. Grants to charities, individuals and groups in the UK and internationally to relieve poverty and hardship. These will include running costs such as staff salaries and overheads.

2. The promotion of the Christian gospel by a variety of means.

3. Grants for the purpose of relieving sickness and promoting good health, particularly in under-developed nations.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The applications for funding of projects are reviewed by the board of trustees for approval.

Achievements and performance

Charitable activities

The Trust was able to offer 15 different grants as well as continuing to support work in the Diocese of Kigeme in Rwanda. The Trust continued to follow the funding strategy of each of the trustees assigning an equal amount per year to individuals and small organisations.

In the UK and overseas, Trustees were able to support a variety of projects. The total value of projects supported this year was £69,302. As well as UK project, the trust supported work in Rwanda, Guatemala and the Middle East.

The reports received from individuals and organisation on the use of their grant made encouraging reading to the trustees who were extremely glad to be able to offer support and encouragement to an number of people. All grants met the objectives of the Trust and are in line with the Charity Commissions’ guidance on public benefit.

Income was £32,234 whilst loan repayments of £9,323 were received. During the year, the trustees decided to change their policy of charging 2% above bank base rate to limited the interest rate payable on loans to 5% per annum.

Total expenditure was £83,126.

The investment performance was an improvement on last year within the main portfolio, managed by Rathbone Greenbank, increasing in value from £470,198 to £481,177.

Last year’s report included the decision to sell the property in Queen Street, Maidenhead. This proved to be a very slow process. Considerable interest was expressed in the property and an offer was accepted from a purchaser who allegedly had proof of funds. However, progress was extremely slow and eventually the potential purchaser revised their offer to a considerably lower amount. The Trustees rejected this offer and, as reported last year, following the end of the charity’s financial year in 2023, a second purchaser was identified and the sale was eventually completed in October 2023.

The Trustees met and discussed what should happen with the proceeds of the Queen Street sale. It was decided that approximately 50% of the proceeds should be distributed in response to grant requests over the subsequent 12 months. This meant each trustee has £40,000 available in addition to their usual £10,000.

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THE MAIDENHEAD MALACHI TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

Financial review

The Maidenhead Malcahi Trust relies for its grant making on income from its investments and funds donated by individuals and other grant-making organisations.

At the balance sheet date total fund balances were £1,319,419 (2023: £1,338,258) of which restricted fund balances were £0 (2023- £0). Although there was a small increase in the value of the investment portfolio, the charity again had total charitable expenditure exceeding total income.

The investment portfolio managed by Rathbones increased in value from £470,198 to £481,177.

One of the main challenges faced by the Trustees was where to invest proceeds from Queen Street to ensure they were not at risk in the event of a bank failure, and where they were easily accessible. It was decided to invest in treasury bills and a cash deposit using Rathbone Greenbank.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The board of trustees have examined the major strategic, business and operational risks to which the charity is exposed, particularly related to the operations and finances of the trust, and are satisfied that systems are in place to mitigate its exposure to them.

Plans for future periods

Given the current difficult financial conditions, the Trust will focus on trying to maximise its income whilst ensuring that the assets of the Trust are not put at significant risk. The Trust continues to remain committed to relieving individuals from the pressures of poverty and will seek new ways to do this in the coming financial year.

Structure, governance and management

The charity was established by a charitable trust deed on 29th September 1999.

The trustees who served during the year were: Dr J Hyde Mrs M Hyde S Hyde S Hyde Mr J Hyde Mr M Sabiers

Trustees are appointed and elected in accordance with the terms set out in the governing document.

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THE MAIDENHEAD MALACHI TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 The chariiy is headed by its tnjstees who are umimately responSi￿e for day to day operations. DeGisions made in formal trustee meeting8 are communicated to staff who perforni direct and administralive roles, and oVe￿een by Ihe trustees. The ujrrent membern of the Board of Tntstses are set out on the inforniatFon page. All appointments were approved at the Charity's AGM and there were no other movements during the year. The trustees meet on a regular basis and delegate the day-to-day organEation of the Trust to the Chair and Administrator. The Chair and the Administrator report to the trustees on a regular basis. New trustees may be CO￿oPted by the existing trustees aid undergo familiarisation training in the nabjre and objects of the charity and financial ￿Unting matters. New trjstees benefitfrom an induction and training period to enable them to acdimatise to the way that the charty operates. This may indude attending meetings with exisling trustees and staff and taknng part in the day to day operalions of the charity to f&ilitate a greater under5tanthng of its objectives and actvtbes. The trustees, report was giproved by the Board of Tnjstees. rJHyde Trustee

THE MAIDENHEAD MALACHI TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MAIDENHEAD MALACHI TRUST I report to the trusteas on my examlnation of the financlal statements of The Maidenhead Malachl Trust (the charity) for the y8ar end8d 5 Aprrl 2024. Responslbllltios and basls of report As the trustees of the charity you are responsible for the preparation of the flnanclal Statements In accordance wlth th8 requirements of the Charities Act 2011 (the 2011 Act). I report In respect of my examination of the charfWs tlnanclal statements carried out under sectlon 145 of the 2011 Act. In carying out my examination I have followed all the applicable Dlrectlons given by the Charlty Commission under section 145(5)(b) of the 2011 Act. Independent oxamln6rf$ statsment Your attention is drawn to the fact thal the charlty has prepared financlal statements in accordance wlth Accountlng and Reporting by Charitles preparlng thelr accounts In accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 102) In preference to the Accounting and Reportlng by Charlties: Statement of Recommended PraGtlce Issuad on 1 Aprll 2005 whlch Is referred to In the 8Xtant regulations but has now been withdrawn. l understand that thls has been don8 In order for financial stat8ment8 to provlde a twe and falr vlew In accordance wlth Generally Accepted Accountlng PractSc8 effeGtlve for r8POrtlng periods beglnnlng on or afler 1 January 2015. I have completed my 8xamlnatlon. I conflrm that no matters have come to my att8ntlon In connectlon wlth the examln8tlon givlng me cause to belleve that In any material respect.. accoundng records were not kept Sn respect of the charlty as requir8d by $8ctlon 130 of the 2011 Ad; or the flnanclal statements do not accord with those r8ciyds', or the financlal statements do not comply with the appllcable requlrements concemlng the form and content of accounts set out In the Charitlgs (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a true and fair vlaw which Is not a matter considered 8s part of an Independent examlnalion. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon lo whlch attentlon should be drawn In thls report In order to enab r understanding of the financlal statements to be reached. Robert Anderson FCA Azets Audlt Servlc88 3Mc Middlemarch Business Park Slskln Drive Coventy CV3 4FJ Dated".

THE MAIDENHEAD MALACHI TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2024

Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 20 1,000 Charitable activities 4 15,678 - Investments 5 15,536 - Total income 31,234 1,000 Expenditure on: Raising funds 6 4,468 - Charitable activities 7 77,658 1,000 Total expenditure 82,126 1,000 Net gains/(losses) on investments 11 32,053 - Gross transfers between funds - - Net movement in funds (18,839) - Fund balances at 6 April 2023 1,338,258 - Fund balances at 5 April 2024 1,319,419 -	Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 1,020 - 5,100 15,678 13,113 - 15,536 16,427 - 32,234 29,540 5,100 4,468 4,362 - 78,658 48,492 5,906 83,126 52,854 5,906 32,053 (67,800) - - (54) 54 (18,839) (91,168) (752) 1,338,258 1,429,426 752 1,319,419 1,338,258 -	Total 2023 £ 5,100 13,113 16,427 34,640 4,362 54,398 58,760 (67,800) - (91,920) 1,430,178 1,338,258

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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THE MAIDENHEAD MALACHI TRUST BALANCE SHEET ASAT 5APRIL 2024 2024 2023 Flxed assets Investrnent propety Invesknents 13 14 450,000 540,199 968,026 990,199 Current assets Debtors falling due after one year Debtors falling due wthin one year Cash at bank and in hand 15 15 299.878 9,500 43,539 307.700 13,145 28,664 352.917 349,509 Credltors: amounts falllng due wlthln one year 16 (1,524) (1,450) Net cu￿ent assets 351.393 348.059 Total assets less current Ilabllltles 1,319,419 1,338,258 Income fvnds Unrestricted fvnds 1.319.419 1,338,258 1,319.419 1,338,258 30(1211c, The financial statements were appn)ved by the Tntstees on ....................... . Dr J Hyde TTUStee

THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

Charity information

The Maidenhead Malachi Trust is a charitable trust.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

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.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 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 donations are recognised once the charity has been notified of the donation, unless performance 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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

1.6 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘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 enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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 at a 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 at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within 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.

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 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 are 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.

3 Donations and legacies

	Unrestricted	Restricted	Total	Restricted
	funds	funds		funds
	2024	2024	2024	2023
	£	£	£	£
Donations and gifts	20	1,000	1,020	5,100

• 4 Charitable activities

	2024	2023
	£	£
Interest received on loans for charitable purposes	15,678	13,113

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

5 Investments

	**Unrestricted **	Unrestricted
	funds	funds
	2024	2023
	£	£
Rental income	-	3,611
Income from listed investments	9,422	9,316
Interest receivable	6,114	3,500
	15,536	16,427

6 Raising funds

	**Unrestricted **	Unrestricted
	funds	funds
	2024	2023
	£	£
Investment management	4,468	4,362
	4,468	4,362

7 Grants payable

During the year grants were made to various institutions within the remit of the charity's objectives.

Total grants amounted to £69,282 (2023 £43,006).

Grants totalling £1,000 (2023: £5,906) were made to Rwanda of which £1,000 (2023: £5,096) related to amounts funded from the restricted fund.

Of the remaining grants of £68,282 this included:

• £20,000 to The Canaan Trust

• £12,500 to The Church Mission Society

• £10,000 to Azalea

• £6,000 to St Peters Church, Stevenage

• £3.000 to International Fellowship

• £2,500 each to Church Pastoral, Young People First, and to Yeldall Manor

• Grants totalling £8,000 paid to indviduals.

• £1,282 of grants each individually under £1,000

There were 15 separate grants (2023: 10). Two were to an individual and the remainder to instituitions.

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

8 Support costs

Support costs Governance costs £ £ Printing and postage - - Rates 5,379 - Insurance 965 - Legal and professional fees - - Administrative Support 1,500 - Legal and professional - 1,532 7,844 1,532 Analysed between Charitable activities 7,844 1,532	2024 Support costs Governance costs £ £ £ - 92 - 5,379 7,000 - 965 687 - - 2,132 - 1,500 - - 1,532 - 1,480 9,376 9,911 1,480 9,376 9,911 1,480	2023 £ 92 7,000 687 2,132 - 1,480
		11,391
		11,391

Governance costs includes payments to the accountants of £1,532 (2023: £1,480) for the independent examination.

9 Trustees

No expenses were reimbursed to any trustees during the year (2023 - £92).

No trustees received any remuneration during the current or previous year.

10 Employees

The average monthly number of employees during the year was:

	2024	2023
	Number	Number
Total	-	-

No employees received remuneration in excess of £60,000.

There were no employees whose annual remuneration was more than £60,000.

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

11 Net gains/(losses) on investments

	**Unrestricted **	Unrestricted
	funds	funds
	2024	2023
	£	£
Revaluation of investments	18,201	(50,094)
Gain/(loss) on sale of investments	2,519	-
Revaluation of investment properties	-	(17,706)
Gain/(loss) on sale of investment properties	11,333	-
	32,053	(67,800)

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Investment property

Investment property
	2024
	£
Fair value
At 6 April 2023	450,000
Disposals	(450,000)
At 5 April 2024	-

14 Fixed asset investments

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

14	Fixed asset investments					(Continued)
		Listed	Other	Treasury Bills	Cash in	Total
		investments	investments		portfolio
		£	£			£
	Cost or valuation
	At 6 April 2023	459,355	70,000	-	10,844	540,199
	Additions	91,460	-	732,250	(393,710)	430,000
	Valuation changes	15,285	-	5,433	1,577	22,295
	Cash transfer out	-	-	-	(20,000)	(20,000)
	Investment manager charges	-	-	-	(4,468)	(4,468)
	Disposals	(92,700)	-	(402,500)	495,200	-
	At 5 April 2024	473,400	70,000	335,183	89,443	968,026
	Carrying amount
	At 05 April 2024	473,400	70,000	335,183	89,443	968,026
	At 05 April 2023	459,355	70,000	-	10,844	540,199
15	Debtors
					2024	2023
	Amounts falling due within one year:				£	£
	Other debtors				9,500	11,000
	Prepayments and accrued income				-	2,145
					9,500	13,145
					2024	2023
	Amounts falling due after more than one year:				£	£
	Other debtors				299,878	307,700
	Total debtors				309,378	320,845

The debtors relate to loans granted under mortgage terms to enable recipients to purchase properties in circumstances that might not be available to them under normal circumstances. The nature of these instruments therefore means that a substantial part of the loan is categorised as falling due after more than one year.

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

16	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Accruals and deferred income	1,524	1,450

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

			Movement in funds	Movement in funds			Movement in funds	Movement in funds
		Balance at	Incoming	Resources	Transfers	Balance at	Incoming	Resources	Balance at
	6	April 2022	resources	expended		6 April 2023	resources	expended	5 April 2024
		£	£	£	£	£	£	£	£
Rwanda - Kigeme Diocese		752	5,100	(5,906)	54	-	1,000	(1,000)	-

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THE MAIDENHEAD MALACHI TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

18 Capital commitments

There were no commitments outstanding at the year end.

19 Related party transactions

There was no remuneration of key management personnel.

Transactions with related parties

During the year the charity entered into the following transactions with related parties: A donation of £1,000 was received from the Hyde family, who are Trustees of the charity. The charity paid a grant of £5,000 to Mr and Mrs Clayton. Mr Clayton is the chair of trustees of the organisation that employes S Hyde.

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