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2023-12-31-accounts

Charity Number: 1078969

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

CONTENTS PAGE
Legal and administrative information 1
Report of the Trustees 2 – 8
Independent auditor’s report 9-11
Financial statements comprising: -
Statement of Financial Activities 12
Balance sheet 13
Cash flow statement 14
Notes to the accounts 15 – 23
List of grants 24 - 29

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

TRUSTEES

Mrs. S. J. Heath (Chairman) Mrs. J. M. Chamberlain Mrs. C. Donald Mr. R. Griffith Mr. A. J. Heath Mr. B. D. Insch Mr. J. N. van Leuven, K.C.

SENIOR MANAGEMENT TEAM: Director Mrs. D. Napierala Grant Manager Miss J. Hughes PRINCIPAL ADDRESS Hayward House, 45 Harrington Gardens, London SW7 4JU BANKERS CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ SOLICITORS Stone King, Boundary House 91 Charterhouse Street London EC1M 6HR AUDITORS Azets Audit Services Statutory Auditors, Chartered Accountants 2nd Floor, Regis House 45 King William Street London EC4R 9AN INVESTMENT MANAGERS Newton Investment Management Ltd, Mellon Financial Centre, 160 Queen Victoria Street, London EC4V 4LA OU Endowment Management, 27 Park End Street, Oxford OX1 1HU

1

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE GOVERNANCE AND MANAGEMENT

The Foundation operates from its Hayward House offices in London with a small permanent staff. Trustee board meetings are held four times a year to consider grant applications, receive reports on activities, and monitor routine operations. The Foundation’s main grant programme comprises a twostage process. A grants committee which meets on a quarterly basis selects applications to be put forward to the full Trustees’ meeting as a second and final stage of the grant making process. Decisions are made on the basis of information provided at meetings and taking into account recommendations by staff. A Finance Committee advises the Trustee board on matters of finance, investment, audit and personnel. The Foundation’s accounts are subject to an independent annual audit.

Appointment and re-appointment of Trustees is by Trustees’ resolution. The Trustees are appointed for a term of five years after which they may be re-appointed for a further three years but serve no more than eight years in total, other than in exceptional circumstances. The board may re-appoint a Trustee beyond the aggregate period of 8 years if there is a good reason for so doing and by unanimous vote of those present at a meeting. The Chairman is appointed by the Trustees for one year.

The board regularly reviews the range of skills among Trustees. The Foundation encourages training and development of Trustees by promoting attendance at events organised by the Association of Charitable Foundations, appropriate training sessions and other topical, financial and investment seminars.

New Trustees are chosen for the particular skills and experience they can bring to the Foundation. Potential Trustees are interviewed and briefed by the Chairman on their legal obligations under charity law and the Trust Deed, the function of the committees and the decision-making processes at the Foundation. They are provided with two documents from the Charity Commission: ‘Essential Trustee’ and ‘The Hallmarks of an Effective Charity’ as well as with the Foundation’s own information pack including the Trust Deed, accounts and annual report. When a new Trustee joins the board, they receive minutes of Trustees’ recent meetings and other management and financial reports and are encouraged to attend a training seminar for new Trustees organised by external bodies.

The Trustees consider the board of Trustees and the senior management team comprise the key management personnel of the charity in charge of directing and running the Foundation on a day-today basis. The Trustees give their time freely and no Trustee received remuneration in the year. Details of Trustees’ expenses are disclosed in note 5.

The remuneration of the senior staff is reviewed by the Trustees on an annual basis taking into account the requirements of their role and performance during the year. From time to time the Trustees benchmark pay levels against comparable positions in similar organisations.

The Trustees have complied with the Charities Act, having due regard for the Charity Commission guidance on public benefit when reviewing the Foundation’s aims and objectives, in setting the grant making policy and in making awards. These are made only to UK registered charities, which individually have to meet the public benefit requirement.

Achievements and performance

In 2023 the Trustees made new offers of grants, some multi-year, amounting to £2,106,000 and paid grants to 196 organisations totalling £2,579,632. At the end of the year under review the Foundation had outstanding grant offers and commitments of £1,774,548.

2

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

The relevance of each application and the potential outcome that an applicant proposes to achieve with help of a grant from the Foundation is assessed against the stated criteria and objectives in each category of the Trustees’ grant making policy. While the monitoring and evaluation of outcomes remains the responsibility of grantees, the majority of organisations are asked to send a progress report within a year of a grant being paid. With multiple grant awards, a progress report is requested within a year of each payment and prior to further payments. The report is required to detail the results and outcomes of the project and the extent to which the project is meeting the objectives stated in the original application. The Trustees and staff also make their own assessment by occasionally visiting some of the recipient organisations. Overall, these processes provide evidence that the Trustees continue to meet their charitable objectives by funding a variety of organisations, the majority of which have met, and some exceeded, their stated outcomes.

The report below provides details of grant distribution by category although it should be noted that several grants impact on more than one area. The narrative below highlights some outcomes achieved with the financial contribution from the Foundation this year.

Grants paid during the year were distributed as follows: -

Social and Criminal Justice
Heritage and Conservation
Overseas
Small Grants
Miscellaneous
TOTAL		 £1,777,000
£169,500
£249,352
£319,780
£64,000
£2,579,632		 68.9%
6.6%
9.7%
12.4%
2.5%		 80
6
17
56
37
196

This report highlights representative grants paid during 2023:

Social and Criminal Justice

The Foundation supported projects that help to prevent people entering the criminal justice system and support those already in the system to move on and rebuild their lives. Funding in this category is also aimed at early intervention programmes for young children and their families, tailored preventative work with young people at risk of offending, and support services that try to reduce re-offending and aid resettlement. The Foundation also looks to alleviate the consequences of domestic abuse and criminal exploitation of vulnerable persons. A total of 80 grants were made in this area in 2023.

Beating Time received their first of three grant payments of £25,000 towards the charity’s 'Inside Job' project – a peer-led programme that trains serving prisoners (‘Recruiters’) to support other prisoners (‘Candidates’) to find employment on release. Practical and emotional support is provided both in-prison and in the community, including help with CV writing, disclosure letters, interview preparation, opening bank accounts, and signposting to support services. Candidates are also linked to Beating Time’s network of over 130 employers. The project operates in four prisons in the West Midlands and in HMP Northumberland (in partnership with The Recruitment Junction, a North-East community-based employment charity for people with convictions), supporting 500 people a year.

Greater Manchester Youth Network (GMYN) received a grant of £25,000 (second grant payment of three) towards the charity’s support programme for young people (aged 10-16) with experience of the care system in the Greater Manchester borough of Tameside. The programme supports 20-25 young people a year, providing one-to-one ‘check-ins’ with all participants to create individual development plans and help young people overcome personal issues and barriers, as well as various weekly group sessions that focus on building positive friendships, improving wellbeing, and developing confidence and skills. Sessions include: life skills; wellbeing and health lifestyle activities (e.g. sports, arts, music, outdoor activities, etc); and local volunteering/social action opportunities.

3

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

A second grant instalment (of three) of £25,000 was made to With Kids, a charity providing early intervention therapeutic services for vulnerable children (under 12) and their families in Scotland who are experiencing social and emotional difficulties. The grant focuses on the provision of Play Therapy for children who have experienced adverse childhood experiences and trauma, with the aim of equipping them with essential coping skills and resilience. Project outcomes include improved wellbeing, increased self-esteem, and children being more able to self-regulate and express their emotions, and better able to engage in learning activities. Practical and emotional support is also provided to the families of the children being supported to help improve parent-child attachment and help parents better understand their child’s needs and how to meet them.

Heritage & Conservation

The focus in this category is on protecting, restoring, and interpreting past inventions, discoveries, industrial sites and defining moments that have shaped British history and identity, and displaying them in a modern context for public engagement, use and learning. In 2023, six grants were made in this category.

UK Antarctic Heritage Trust received a grant of £20,000 towards the creation of a new virtual reality experience, bringing to life Antarctica’s history through the digitisation of its locations together with the human experience through the voices of past explorers and scientists. The resource and accompanying learning materials will support schools-based learning and wider public engagement.

A grant of £30,000 was made to the Royal Society – the UK’s independent national academy of science – towards the conservation, digitisation, and cataloguing of letters by nineteenth century British Scientist, John Herschel, making them available to historians and the general public. Herschel’s correspondence is over 10,000 handwritten letters spanning from age seven to his death at age 79, containing unpublished accounts of key inventions (such as computers and photography) and fundamental topics (mathematics, astronomy, chemistry, ethics), as well as correspondence with many of his prominent contemporaries, such as: computer pioneer Charles Babbage; astronomer, mathematician, and suffragist Mary Somerville; and author of evolutionary theory Charles Darwin.

Salisbury Museum received a grant of £30,000 towards the second phase of its redevelopment project to create a new Salisbury Gallery telling the story of the city from its foundation in 1220 to the present day, featuring new interpretation and additional items from the museum’s collection that were previously in storage. Other aspects of the redevelopment project include two new subject-specialist galleries (ceramics and natural history), a dedicated learning space and programme, and a new events space.

Overseas

In this category, Trustees made grants to charities that delivered projects in Commonwealth countries in Africa. Charities must be registered in the UK and adequate local monitoring must be demonstrated. Projects that improve access to clean water and sanitation, develop sustainable livelihoods in the context of environmental and wildlife conservation, and create self-sustainability through training in farming skills and income generation activities were considered in this category. 17 grants were paid in this group in 2023.

The Foundation supported Just a Drop with a grant of £15,000 towards a community-led and owned food and water security project in two villages in Kenya delivered in partnership with their long-term collaborator, African Sand Dam Foundation (ASDF). The project involved constructing a sand dam and installing a shallow well and pump, and community education on hygiene and sanitation practices and menstrual health. Community members were also provided with training in improved agricultural techniques and were supported to implement sustainable climate-smart farming practices to improve vegetation cover, soil, and water conservation. The project benefitted over 1,000 people by improving access to clean water, community health, hygiene, and nutrition, and increasing food security and household incomes.

4

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

A grant of £15,000 was made to Practical Tools Initiative to provide safe, clean water in Foindu town and its surrounding villages, in the east of Sierra Leone, benefiting over 780 people. The project involves drilling a borehole and establishing solar cell systems to pump water into a community water storage tank supplying accessible tap points in the town. A community water and sanitation committee will be established to manage the borehole, facilitate Practical Tools Initiative’s delivery of community hygiene and sanitation education, and oversee the collection of monthly household contributions to fund the ongoing maintenance of the water system. Four volunteers chosen by the community will be trained in key water system management skills, and provided with plumbing kits to enable them to do regular borehole maintenance and checks to help the community maintain the systems’ efficiency and yield.

Kids Alive International was awarded a grant of £15,000 towards their business skills and tailoring training project for the benefit of 36 parents/caregivers of children attending the Kids Alive Academy primary school in Zambia. Training delivered over an eight-month period will include: mending and sewing school uniforms, making reusable sanitary pads, and making kit bags for children; basic economic theory, financial accounting and savings; marketing and sales; and legal/statutory obligations. Participants will form cooperatives of 3-4 individuals and go into business together selling what they produce to establish sustainable livelihoods. Each co-op will be equipped with two sewing machines, fabrics, and start-up business materials.

Small Grants

The small grant programme makes grants of up to £7,000 to charities operating in the British Isles with an annual income of less than £350,000. The aim of the programme is make faster and more responsive grants to smaller charities delivering projects at community/grass-roots levels. In 2023, 56 small grants were made across two categories: Social and Criminal Justice and Older People. A list of small grants with the purpose for which each grant was made is attached to these statements. The small grant scheme is now limited to Older People’s projects.

FUTURE PLANS

The Trustees will continue supporting charities by making grants for projects within their grant making policy areas. They will continue monitoring the financial performance of their investment portfolio with a particular reference to the achievement of their longer-term strategy which gives greater emphasis to the preservation of capital.

TRUSTEE ACTIVITIES

Trustees, members of the finance committee and staff attended various charity events and webinars and seminars on investment management and investment strategy, including the Newton/BNY Mellon Charity Investment Conference and OUEM annual investor meeting.

INVESTMENT POWERS, GRANT DISTRIBUTION, RESERVES POLICY AND GOING CONCERN

The Charles Hayward Foundation is a grant making charity. Its assets are essential to support the activities of the Foundation and are held as investments and bank deposits.

The Trustees’ powers of investment, and to expend capital and income, are not restricted under the originating Trust Deed and, in accordance with the Deed, they have absolute discretion to invest in such shares, stocks, funds, securities and property as they see fit.

The Foundation does not seek to retain reserves as the Expendable Endowment gives Trustees the flexibility to use capital as well as income to meet the charity’s operating costs and grant making obligations. Any operating deficit arising on income is met from the endowment fund and any surplus that may arise on income is expended in future years.

The Foundation aims to make grants based on a formula with an annual distribution rate of 3.2% applied to the average investment value on 31[st] December each year, over five years while taking into account annual running costs. The formula is designed to smooth annual grant distribution while maintaining the capital base in real terms over time. The formula has been operational since 2013 and at the end of 2023 the value of the endowment is 4% lower than the value of the 2013 endowment expressed in 2023 terms.

5

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

At the end of 2023, the total endowment fund stands at £78,038,062 (2022: 75,181,765) and there is no balance on the unrestricted income fund.

The Trustees have considered the financial budgets and cash flow forecasts for the Foundation for the period to August 2025 covering a minimum of 12 months from date of signing, reviewed the financial performance of the investment portfolio and the ability of the Foundation to meet current and new grant commitments.

The Trustees consider the Foundation to have adequate resources to continue its activities for the foreseeable future and there are therefore no material uncertainties over the Foundation’s financial viability. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Trustees’ Responsibilities.

INVESTMENT POLICY

The financial objective of the Foundation is to grow in real terms the Foundation’s capital base in the medium term, while providing increasing income to fund the Foundation’s grant making activities. The Foundation assets are invested in line with these aims. Trustees presently see no reason to exclude particular sectors from their investments - this is reviewed annually - however, they expect their investment managers to demonstrate responsible stewardship of investment assets.

The Foundation currently adopts a total return approach to investment and the Trustees may use capital as well as income to meet the charity’s operating costs and grant making obligations. It is expected that, if in any one year the total return is insufficient to meet the charity’s budgeted expenditure, in the longterm investment gains should enable the fund to be maintained in real terms. The inflation measure most relevant to the Foundation is the Consumer Price Index. Over a longer period, the Trustees compare performance to CPI+4% after fees. The ongoing performance of investment managers is monitored quarterly, while their mandate is to manage the investment assets on a discretionary basis and in line with the overall investment policy.

Since 1[st] January 2020 the Foundation’s assets are managed by two investment houses – Newton Investment Management and Oxford University Endowment Management. The Newton portfolio is currently held in their pooled fund, the Newton Growth and Income Fund for Charities; it’s mandate is to deliver capital growth and income. The Newton Fund is managed with reference to a composite benchmark. The Oxford Endowment Fund’s aim is to preserve and grow the value of perpetuity capital whilst providing a sustainable income stream to fund charitable activities. The fund is focused on delivering absolute real returns of 5% per annum. OEF is not benchmarked; one of its key approaches is a multi-year time horizon which aligns well with the Foundation’s long-term view and aims.

FINANCIAL REPORT FOR THE YEAR

The assets of the Foundation comprise fixed assets used in its operations and investments which provide returns. The net incoming resources of the Foundation for the year ended 31[st] December 2023 and the financial position at that date is set out in the financial statements which follow.

The financial statements show that the Foundation received income of £99,342 (2022: £15,470) in the year. The cost of grant making was £2,712,362 (2022: £3,507,195). The net operating deficit for the year was £2,984,811 (2022: £3,870,812), which was funded by the sale of units in the Newton investment portfolio and receipt of investment gains from the OEF portfolio. The financial statements show that the total funds were £78,038,062 (2022: £75,181,765) at the end of the year, after total investment gains for the year of £5,841,108 (2022: loss of £4,484,725). Investment management costs amounted to £371,791 in 2023 (2022: £379,087).

FINANCIAL PERFORMANCE

In 2023 the investment assets of the Foundations were divided between two investment houses: Newton Investment Management Ltd and Oxford University Endowment Management.

6

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

In 2023 the Newton Investment fund generated 8.31% after fees, underperforming its benchmark return of 9.29% but achieving the Foundation’s longer return target of CPI+4%. The OEF portfolio recorded a return of 6.8% after fees, below its objective of 5% real return, and not meeting the Foundation’s longerterm target.

In the year total investments to the value of £1,900,000 were encashed from the Newton Portfolio to support operational activities in 2023. In addition, investment gains of £1,258,745 were released from the OEF portfolio. Investment gains of £680,605, after OEF fees were made representing 2.2% increase (2022: loss of 10.5%) of the investment portfolio value at the start of the year.

The Trustees believe that the changes made in investment strategy in 2019 and the subsequent repositioning of the Foundation’s portfolio will contribute to the aim of maintaining the value of the endowment fund in the longer term. The position will continue to be monitored in the years ahead.

On 30[th] June 2024, the Newton portfolio valuation was £49,420,909.

The latest available Oxford University Endowment Fund valuation on 31[st] March 2024 shows a value of £31,711,649.

TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of Information to Auditors

Insofar as each of the Trustees of the charity at the date of approval of this report is aware there is no relevant audit information (information needed by the charity’s auditor in connection with preparing the audit report) of which the charity’s auditor is unaware. Each Trustee has taken all of the steps that he/she should have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to establish that the charity’s auditor is aware of that information.

7

THE CHARLES HAYWARD FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

RISK MANAGEMENT

The Trustees and management assess the major risks to which the charity is exposed, and this process continued during the year. In the opinion of the Trustees the charity has established, and continues to operate, systems and controls to mitigate risks to an acceptable level in day-to-day operations.

The Trustees identified the uncertainty of financial returns to constitute the charity’s major financial risk. This is mitigated by having a diversified financial portfolio under the management of two investment houses operating to different mandates. Working through the financial sub-committee the Trustees regularly review investment strategy and monitor financial performance. They also operate a grant distribution formula which helps to ensure the stability of resources available for grant awards in any given year.

Another major risk identified during the review is a misuse of funds by a grantee charity. To mitigate this risk the Trustees restrict grants to charities registered with the UK Charity Commission or equivalent bodies. The awards are made following a due diligence process and grants are monitored; multiple grants are paid only on receipt of satisfactory progress reports.

A further major risk is and IT related fraud and cyber crime. The Foundation’s staff participate in training on tackling financial fraud and mitigating cyber risk, read related guidance and are subscribed to the charity fraud awareness hub to receive email notices about new IT scams. In addition, the Foundation has taken insurance policy against cyber threats including social engineering.

THE TRUSTEES

The Trustees in office during the year were as follows:

Mrs. S.J. Heath (Chairman) Mrs. J. M. Chamberlain Mrs. C. Donald Mr A.J. Heath Mr. R. Griffith Mr. B. D. Insch Mr. J.N. van Leuven, K.C.

No Trustee had any beneficial interest in any contract with the charity during the year.

EQUAL OPPORTUNITY POLICY

The Charles Hayward Foundation is an equal opportunities employer and will apply objective criteria to assess merit. It aims to ensure that no job applicant or employee receives less favourable treatment on the grounds of age, race, colour, nationality, religion, ethnic or national origin, gender, marital status, sexual orientation or disability.

Selection criteria and procedures are reviewed to ensure that individuals are selected, promoted and treated on the basis of their relevant merits and abilities. All employees are given equal opportunity and, where appropriate and possible, special training to enable them to progress both within and outside the organisation. The Charles Hayward Foundation is committed to a programme of action to make this policy effective and has brought it to the attention of all employees.

Approved by the Trustees on 23[rd] July 2024 and signed on their behalf by:

Susan Heath

8

THE CHARLES HAYWARD FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Independent Auditor’s Report to the Trustees of the Charles Hayward Foundation

Opinion

We have audited the financial statements of The Charles Hayward Foundation (the ‘charity’) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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THE CHARLES HAYWARD FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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THE CHARLES HAYWARD FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

John Howard FCA (Senior Statutory Auditor) for and on behalf of Azets Audit Services Statutory Auditors, Chartered Accountants 2nd Floor, Regis House 45 King William Street London EC4R 9AN

Date:

11

THE CHARLES HAYWARD FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income from:
Investments
2
Total income
Expenditure on:
Raising funds
- Investment management costs
3
Charitable activities
- Grant making
12
- Grant related support costs
4
Cost of grant making
Total expenditure
Net operating deficit
Net (losses)/gains on investments
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11*		 Unrestricted
Income Fund
2023
£
99,342
99,342
-
(2,391,880)
(320,482)
(2,712,362)
(2,712,362)
(2,613,020)
-
(2,613,020)
2,613,020
-
-
-		 Expendable
Endowment
2023
£
-
-
(371,791)
-
-
-
(371,791)
(371,791)
5,841,108
5,469,317
(2,613,020)
2,856,297
75,181,765
78,038,062		 Total
2023
£
99,342
99,342
(371,791)
(2,391,880)
(320,482)
(2,712,362)
(3,084,153)
(2,984,811)
5,841,108
2,856,297
-
2,856,297
75,181,765
78,038,062

All recognised gains during the year are included in the Statement of Financial Activities.

The accompanying notes form part of this Statement of Financial Activities.

The notes on pages 15 to 23 form part of these accounts.

12

THE CHARLES HAYWARD FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
6
Investments
7
Total Fixed Assets
CURRENT ASSETS
Debtors and prepayments
8
Short-term deposits
Cash at bank and in hand
Total Current Assets
LIABILITIES:
Creditors: Amounts falling due within one year
9
NET CURRENT LIABILITIES
Total assets less current liabilities
Creditors: Amounts falling due after more than
one year
10
TOTAL NET ASSETS
The Funds of the Charity:
Expendable Endowment funds
11		 Total Funds
2023
£
2,021,090
77,623,526
79,644,616
16,111
165,000
55,782
236,893
(1,503,947)
(1,267,054)
78,377,562
(339,500)
78,038,062
78,038,062		 Total Funds
2022
£
2,054,971
74,893,434
76,948,405
15,779
200,000
50,615
266,394
(1,337,334)
(1,070,940)
75,877,465
(695,700)
75,181,765
75,181,765

Approved by the Trustees on 23[rd] July 2024

and signed on their behalf by Susan Heath

The notes on pages 15 to 23 form part of these accounts.

13

THE CHARLES HAYWARD FOUNDATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

Reconciliation of net income to net cash flow
from operating activities
Net income for the reporting period
Dividends, interest and rents from investments (note 2)
Losses/(Gains) on investments (note 7)
Decrease/(Increase) in debtors (note 8)
(Decrease)/Increase in creditors (notes 9 & 10)
Depreciation (note 4)
Net cash (used in) operating activities
CASH FLOW STATEMENT
Net cash (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from sale of investments
Investment Distribution
Net cash provided by investing activities
Increase/(Decrease) in cash
2022
Analysis of cash and cash equivalents
£
Cash at bank and in hand
50,615
Short term deposits
200,000
Cash balances held by investment management for
re-investment
1,800,927
2,051,542		 2023
£
2,856,297
(99,342)
(5,656,130)
(332)
(189,587)
33,881
(3,055,213)
(3,055,213)
99,342
1,900,000
1,258,745
3,258,087
202,874
Cash
Flow
£
5,167
(35,000)
232,707
202,874		 2022
£
(8,355,537)
(15,470)
4,678,270
(436)
501,459
33,881
(3,157,833)
(3,157,833)
15,470
3,205,205
1,212,954
4,433,629
1,275,796
2023
£
55,782
165,000
2,033,634
2,254,416

The notes on pages 15 to 23 form part of these accounts.

14

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. PRINCIPAL ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared to give a ‘true and fair’ view and 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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Foundation constitutes a public benefit entity as defined by FRS 102.

The Trustees have considered the financial budgets and cash flow forecasts for the Foundation for the period to August 2024 covering a minimum of 12 months from date of signing.

The Trustees consider the Foundation to have adequate resources to continue its activities for the foreseeable future and there are therefore no material uncertainties over the Foundation’s financial viability. Accordingly, they continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Trustees’ Responsibilities.

The financial statements are presented in Sterling and rounded to the nearest £.

(b) Income

Income is derived from the encashment of investment units.

Any recoverable taxation, which are included on an accruals basis.

(c)

Expenditure

Costs of generating funds represent amounts paid to the Foundation's external investment advisors.

Charitable activities expenditure comprises grants and donations awarded by the Trustees in accordance with criteria set out in the Trust Deed, together with grant related support expenditure. Grants are charged to the statement of financial activities when a legal or constructive obligation arises when the other party has a reasonable expectation of receipt.

Grant related support costs represent staff, office and governance costs incurred in managing the grant award programme.

(d) Investments

Investments are included in the accounts at mid-market value at the balance sheet date and the surplus or deficit on this revaluation, together with realised gains and losses, is included within investment gains or losses on the face of the Statement of Financial Activities. Investment management costs are charged against the expendable endowment.

15

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. PRINCIPAL ACCOUNTING POLICIES – CONTINUED

(e) Governance Costs

These comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

(f) Pensions

Employees of the Foundation are entitled to avail themselves of a pension scheme whereby individual money purchase contributions are matched by contributions by the Foundation as a percentage of salary. The Foundation’s contribution is charged to the Statement of Financial Activities in the year. No contributions were outstanding at the year end.

(g) Taxation

The Foundation carries on activities which are exempt from corporation tax and income tax.

(h) Fixed assets

Freehold property is stated at valuation in 1990 by the predecessor charity, The Hayward Foundation, less depreciation. Furniture and office equipment, including computer equipment, is stated at cost, or valuation by the predecessor charities, less depreciation. Tangible assets with costs of £500 or more are capitalised.

Depreciation has been calculated at the following annual rates, in order to write off each asset over its estimated useful life.

Buildings 2% straight line Furniture and office equipment 20% straight line Computer equipment 33% straight line

The furniture in the office is mainly antique and has a residual value in excess of book value. Depreciation is not therefore provided, as the amount of any depreciation charge would not be material.

The freehold property requires routine internal and external refurbishment reflecting its age. Costs arising from meeting these needs are expensed in the year the expenditure is incurred as the need is identified and the refurbishment takes place. Material expenditure is disclosed in the notes to the accounts.

(i) The Trust Fund

Expendable Endowment

The trust deed provides that the Trustees shall hold the capital of the Trust Fund as expendable endowment and the income thereof for the benefit of such charitable purposes as the Trustees may determine. This fund as a whole therefore provides the core cash receipts of the Foundation and thereby the finance for its continuing activities. In 2013 and for future years the Trustees agreed to allocate an amount to the grant programme based on a percentage of the fund value on 31[st] December, calculated on a five-year moving average basis and taking into account annual running costs. The Fund is subject to review by the Trustees from time to time to take account of the impact of inflation and so ensure that so far as possible its value is maintained in the accounts in real terms.

16

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. PRINCIPAL ACCOUNTING POLICIES – CONTINUED

Unrestricted Income Fund

The policy of the Trustees is to expend within a reasonable time its cash receipts from investments after deducting the costs of generating funds and administrative costs. Any balance on the Fund is transferred to the expendable endowment at the end of the year and remains available for future years.

(j) Financial instruments

The Charles Hayward Foundation 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 amortised cost using the effective interest method. Financial assets held at amortised cost comprise cash at bank and in hand, together with accrued interest and other debtors. Financial liabilities held at amortised cost comprise grants payable and accruals.

Investments are held as part of an investment portfolio are held at fair value at the Balance Sheet date, with gains and losses being recognised within income and expenditure.

(k) Cash and cash equivalents

Cash and cash equivalents include cash at bank and in hand, cash held for reinvestment and short-term deposits with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(l) Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, which are described in note 1, Trustees are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

2.
INVESTMENT INCOME
Investment income
Interest on deposits		 2023
£
93,183
6,159
99,342		 2022
£
13,778
1,692
15,470

Investment income represents interest earned on cash held within the investment portfolio. The cash requirements of the portfolio are mostly met from the sale of investment units from the Foundations investment portfolio held with Newton and distributed gains from the Oxford Endowment Fund.

17

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. COST OF GENERATING FUNDS

These costs comprise the investment manager’s fees. The Trustees are of the opinion that these relate to the generation of a total return on the investment portfolio and as such have charged the Expendable Endowment with these fees.

4. GRANT RELATED SUPPORT COSTS
GRANT RELATED SUPPORT COSTS
Establishment expenses
Personnel and pension costs (note 5)
Audit and Accountancy
Other expenses
Depreciation (note 6)
Included in support costs are governance related costs, analysed
as follows:
Establishment expenses
Personnel and pension costs
Audit and accounts preparation
Depreciation
Other expenses		 2023
£
52,898
193,377
20,255
20,071
33,881
320,482		 2022
£
132,595
194,812
19,429
19,675
33,881
400,392
2023
£
3,065
6,346
15,000
1,694
1,005
27,110		 2022
£
7,032
6,456
14,500
1,694
984
30,666

(Included in the above figures is an audit fee of £14,000 (2022: £13,500)).

Governance costs are charged in the following manner Establishment expenses, Depreciation and other expenses - 5% Personnel costs based on the estimated % of each employee spent on governance issues.

Establishment expenses includes property refurbishment of £14,901 (2022: £90,260).

18

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

5.
PERSONNEL AND PENSION COSTS
Personnel costs
Social security costs
Pension and other benefit contributions
Average number of staff employed in year:
Full time
Part time		 2023
£
136,723
9,569
47,085
193,377
No.
2
2		 2022
£
136,261
10,741
43,112
190,114
No.
2
2

The average number of employees during the year was four (2022: four) of which three were employed on charitable support or governance activities.

Having regard to the small number of full-time employees the Foundation considers its key management personnel to comprise the two full time employees and trustees. The total employment benefits including employer pension contributions of these key management personnel were £171,797 (2022: £175,949).

One employee earned between £100,000 and £109,999 (2022: one employee earned between £90,000 and £99,999)

No Trustee received any remuneration for their services during the year; travelling & sundry expenses incurred on behalf of or reimbursed to three Trustees amounted to £1,852 (2022: £1,754).

19

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

6.
TANGIBLE FIXED ASSETS
Cost or Valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation & amortisation
At 1 January 2023
Charge for year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
Property
£
2,959,000
-
2,959,000
1,040,310
32,510
1,072,820
1,886,180
1,918,690		 Furniture
£
148,160
-
148,160
14,440
-
14,440
133,720
133,720		 Office &
Computer
Equipment
£
26,529
-
26,529
23,968
1,371
25,339
1,190
2,561		 Total
£
3,133,689
-
3,133,689
1,078,718
33,881
1,112,599
2,021,090
2,054,971

(a) The freehold property was donated to The Hayward Foundation in 1991 for the specific purpose of providing accommodation for the Foundation and its related charity The Charles Hayward Trust on a permanent basis. On transfer to The Charles Hayward Foundation, the Trustees adopted the transitional provisions of Financial Reporting Standard No 15 ‘Accounting for Fixed Assets’,

(b) All tangible assets are held for continuing use in the Foundation's activities.

(c) Freehold Property comprises a land element of £1,333,500 which, in line with Financial Reporting Standard 102, is not depreciated, and a buildings element of £1,625,500 which is subject to an annual charge for amortisation.

20

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. INVESTMENTS

Listed investments
As at 1 January
Additions at cost
Disposals
Unrealised & realised gains
Investment gain distribution
At 31 December
Cash held by investment managers for re-investment
Balance at 31 December
Historic cost of listed investments at 31 December
Analysis of investments:
Newton Growth & Income Fund for Charities
Oxford University Endowment Management
Cash held for re-investment
8.
DEBTORS
Prepayments & accrued income
Other Debtors
9.
CREDITORS: amounts falling due within one year
Grants payable(see note 12)
Trade creditors
Taxation and social security
Accruals		 2023
£
73,092,507
-
(1,900,000)
5,656,130
(1,258,745)		 2022
£
82,188,936
-
(3,205,205)
(4,678,270)
(1,212,954)
75,589,892 73,092,507
2,033,634
77,623,526
51,334,699
2023
£
44,142,880
31,447,012
2,033,634
77,623,526
2023
£
14,501
1,610		 1,800,927
74,893,434
54,362,975
2022
£
42,326,100
30,766,407
1,800,927
74,893,434
2022
£
15,779
-
16,111 15,779
2023
£
1,435,048
2,908
3,902
62,089
1,503,947		 2022
£
1,267,100
2,318
7,480
60,436
1,337,334

21

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. CREDITORS: amounts falling due after more than one
year
2023
£
Grants payable(see note 12)
339,500
11.
ANALYSIS OF ASSETS BETWEEN FUNDS
2023
Fixed assets
£
Investments
£
Other assets
& liabilities
£
Expendable endowment
2,021,090
77,623,526
(1,606,554)
Unrestricted income fund
-
-
-
2,021,090
77,623,526
(1,606,554)
2022
Fixed assets
£
Investments
£
Other assets
& liabilities
£
Expendable endowment
2,054,971
74,893,434
(1,766,640)
Unrestricted income fund
-
-
-
2,054,971
74,893,434
(1,766,640)		 2022
£
695,700
Total
£
78,038,062
-
78,038,062
Total
£
75,181,765
-
75,181,765

12. GRANTS

The Trustees consider that grant making is the Foundation’s sole charitable activity. The following is an analysis of the movement on grants account:

Obligations at 1 January
Payable within one year
Payable more than one year
Approvals in year
Small grants paid in year
Offers cancelled
Trustee grants paid
Total Grants
Grant charge for the year
Payments in year
Obligation at 31 December
Payable within one year
Payable more than one year		 2023
£
1,267,100
695,700
1,962,800
2,106,000
319,780
(97,900)
64,000
2,391,880
2,391,880
(2,580,132)
1,774,548
1,435,048
339,500		 2022
£
1,203,400
253,400
1,456,800
2,768,300
299,502
-
39,000
3,106,803
3,106,803
(2,600,803)
1,962,800
1,267,100
695,700
1,774,548 1,962,800

22

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

13. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Notes
Income from:
Investments
2
Total income
Expenditure on:
Raising funds
- Investment management costs
3
Charitable activities
- Grant making
12
- Grant related support costs
4
Cost of grant making
Total expenditure
Net operating deficit
Net (losses)/gains on investments
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Income Fund
2022
£
15,470
15,470
-
(3,106,803)
(400,392)
(3,507,195)
(3,507,195)
(3,491,725)
-
(3,491,725)
3,491,725
-
-
-		 Expendable
Endowment
2022
£
-
-
(379,087)		 Total
2022
£
15,470
15,470
(379,087)
-
-		 (3,106,803)
(400,392)
- -
(379,087) (3,886,282)
(379,087)
(4,484,725)		 (3,870,812)
(4,484,725)
(8,355,537)
-
(4,863,812)
(3,491,725)
(8,355,537)
83,537,302		 (8,355,537)
83,537,302
75,181,765 75,181,765

14. RELATED PARTY TRANSACTIONS

There are no related party transactions in the report period which require disclosure.

23

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

SOCIAL & CRIMINAL JUSTICE

Action4Youth Breakout - intervention program for at risk youth £19,000
Amber Foundation 2 bed spaces at Bythesea Lodge, Wiltshire, for young
people with offending backgrounds		 £24,500
Barca Leeds Discover Programme for young people at risk of
involvement in crime		 £22,600
Beating Time 'Inside Job' employment support for people leaving prison £25,000
Blackburn and Darwen
District Without Abuse
(BDDWA)		 Therapeutic group sessions for domestic abuse victims £18,000
Blackpool FC Community
Trust		 Tower Above mentoring programme £25,000
Bolton Lads & Girls Clubs Outreach project to support at-risk youth £25,000
Brent Centre For Young
People		 Youth Offending Project £25,000
BUMPY Ltd Outreach program for at risk girls centred around
motorcycle skills and training		 £21,000
CARA (Centre for Action
on Rape and Abuse)		 Integrated Support project £15,000
Cardinal Hume Centre
Trust London		 Targeted support at Cardinal Hume Family Centre £20,000
Circle, Edinburgh Families affected by imprisonment – Women’s Outreach
Team		 £20,000
Circles South West 'Circles of Support and Accountability' for young people
displaying sexually harmful behaviour		 £25,000
Citizens Advice Somerset Access to Justice - Litigants in person £25,000
Cyrenians Key to Work early intervention project for young people in
Edinburgh		 £15,000
DASH Charity (Domestic
Abuse Stops Here)		 Refuge Family Practitioner £25,000
Early Years Scotland 'Children Affected by Parental Imprisonment' programme £20,000
Ella's Outreach Service £18,800
Fine Cell Work Support for women prisoners at HMPs Downview and
Send to undertake needlework in prison and progress to
post release training and employment scheme		 £20,000
Foundation of Light Prepared to Play Programme for young people aged 9 to
13 and their families		 £23,000
Gilgal Birmingham Frontline Support Worker at the Refuge £18,000
Greater Manchester Youth
Network (GMYN)		 Programme for young people with experience of the care
system in Tameside		 £25,000
Her Centre Post of Young Women and Girls IDSAA £25,000
Hope Housing, Training &
Support		 10 for 10 Support for Homeless, Vulnerable Adults in
Dorset		 £10,000
Hope into Action 'This Positive Futures' project - empowerment worker £25,000
Hull FC Rugby Community
Sports and Education
Foundation		 Tackling Challenges Programme £18,000
Iceni Ipswich Rapport Programme for families with children aged 0-5 £22,500
Irene Taylor Trust Making Tracks £25,000
Key 4 Life Preventative programme for young men (aged 18-25) from
London who are at risk of offending		 £25,000
Khulisa Face It preventative program supporting disadvantaged
young people		 £25,000
Leap Confronting Conflict Improving Prospects £25,000
Link to Change The Choice Project £20,000

24

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Mental Health Innovations Shout - training and development of Little Book of Coping
Skills		 £22,800
Music Works Making It 2 £20,000
Nene Valley Christian
Family Refuge (Eve)		 Evolve - behaviour change programme for perpetrators of
abuse		 £20,000
NEPACS Court based early intervention project for families in the
criminal justice system		 £25,000
New Horizon Youth Centre Youth Outreach Project £25,000
NIDAS Domestic Abuse Outreach Worker £21,000
No Limits Salary of a specialist dedicated youth worker at No Limits
Advice Centre to specifically support highly vulnerable
young people aged 12-25		 £23,600
No Limits Salary of a specialist dedicated youth worker at No Limits
Advice Centre to specifically support highly vulnerable
young people aged 12-25		 £24,600
Oasis Children's Venture
London		 Girl Space £15,000
One 25 Limited Outreach support for women street sex-working or at risk
of entering street sex work		 £25,000
One Small Thing Community Partner Post at the Southampton Hub £25,000
Ormiston Families 'Breaking Barriers' - individual support for children and
young people who have a close family member imprisoned		 £20,000
Pecan Women's Services in Southwark and Lewisham £25,000
Prisoners' Advice Service Legal advice and support for female prisoners £15,000
Prisoners' Education Trust Distance learning courses for female prisoners £15,000
Rape & Sexual Violence
Project (RSVP)		 Red Project - sex workers' advocacy service £20,000
Redthread Youth Violence Intervention Programme (YVIP) in
Homerton University Hospital in Hackney.		 £25,000
Regenerate The Feel Good Bakery Social Enterprise supporting young
people with training and employment		 £20,000
Resurgo Trust Post of Graduate Coach at the Kennington Spear Centre £25,000
RFEA - The Forces
Employment Charity		 Continuation funding for Project Nova Co-ordinator
providing early intervention support to veterans involved
with the criminal justice system in Greater Manchester		 £25,000
RSACC Rape and Sexual
Abuse Counselling Centre		 Peer support groups for sexual abuse survivors £20,000
Saracens Foundation Breakdown Project at the Pavilion Pupil Referral Unit in
Barnet		 £25,000
Save the Family Family mentor post £23,000
School of Hard Knocks Rugby and mentoring project for schools in North
Hertfordshire		 £25,000
School-Home Support
(SHS)		 School-Home Support in the Holme Wood Estate, Bradford £35,000
Sharks Community Trust Tackling Challenges - early intervention program at risk
young people		 £18,300
Southside Family Project Family Support worker to provide targeted early
intervention for the most vulnerable families		 £25,000
Spark Inside Delivery of Hero’s Journey, Hero’s Journey from a Black
Perspective and Hero’s Journey in the Community		 £25,000
Springboard Charity Galvin's Chance - upskilling employment programme £21,000
St. Michael's Fellowship
London		 'Fathers Included' intervention program for young dads £15,000
Streets of Growth 'Inspire' project for women at risk £25,000
Support After Rape and
Sexual Violence Leeds
(SARSVL)		 Develop and expand specialist counselling service £25,000

25

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

TDAS (Trafford Domestic
Abuse Services)		 Accommodation-based support service for children and
young people affected by domestic abuse		 £20,000
TLC Talk Listen Change Behaviour Change Programmes for Children and Young
People in Salford		 £15,500
TLG (Transforming Lives
for Good)		 Early intervention programme £17,300
Trailblazers Mentoring Trailblazers Prison Mentoring Program £25,000
Venture Trust Next Steps Outreach program for at risk women £25,000
Why Me? To increase and embed the use of Restorative Justice
within Youth Offending Teams as part of their work
diverting children and young people away from crime.		 £25,000
Wigan Athletic Community
Trust		 ‘Empowered’ program for girls vulnerable to crime and
child sexual exploitation		 £19,500
Wigan Youth Zone Outreach youth work and diversionary activities for young
people at risk of offending		 £20,000
With Kids Play Therapy for children who have experienced adverse
childhood experiences and trauma		 £25,000
Woman's Trust Pan London therapeutic support groups for women
affected by domestic abuse		 £25,000
Working Chance Limited Providing employment support to female ex-offenders £25,000
Yellow Door Early years domestic abuse programme for parents and
children of under 5 years of age living in Southampton		 £25,000
YMCA West London Crime Diversion project supporting young people involved
in complex serious violence, crime, and gang affiliation		 £25,000
YMCA Worcestershire HMP Hewell Rainbow project £25,000
Young Lives Foundation Mentoring and support for at risk youth £20,000
Youth Federation for
Cheshire		 Back on Track Programme £25,000
TOTAL £1,777,000
HERITAGE & CONSERVATION
Natural History Museum
Development Trust		 Digitisation of Sir Joseph Banks Insect collection £39,500
Royal Albert Hall London Archive Rescue and Stabilisation Project £25,000
Royal Society Conserve, digitise and catalogue the letters of nineteenth
century British scientist John Herschel		 £30,000
Salisbury Museum 'Past Forward' - Salisbury Museum for Future Generations £30,000
Sir John Soane's Museum Restoration and renewal of the Soane’s Drawing Office £25,000
UK Antarctic Heritage Trust To create an immersive digital story telling using gaming
techniques and virtual reality to evoke a sensory
experience of being in Antarctica and bringing its heritage
and science to the widest possible audience		 £20,000
TOTAL £169,500
OVERSEAS
African Revival Construction of drainable latrines at Busia Community
Primary School, Uganda		 £15,000
Busoga Trust Rehabilitation of 6 non-functioning boreholes, each with a
WASH package, in Uganda		 £15,000
Cecily's Fund 1st year GROW (Grass Roots Owning our Wealth)
programme in Chingola, Zambia		 £8,000
Chevening Scholarship -
Association of
Commonwealth
Universities		 Chevening Scholarship £18,502
Deki Agricultural cooperative and training in Togo £13,500

26

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Feed the Minds Power to Choose: reducing poverty and gender-based
violence among women smallholder coffee and maize
farmers in Gomba District, Uganda		 £15,000
Fields of Life Strengthening sustainable clean water supply and
livelihoods in Kole District, Uganda		 £15,000
Just a Drop Food and water security project in Mikwili and Kamutungu
villages, Kenya		 £15,000
Kids Alive International Business skills and tailoring training for the parents of
children attending the Kids Alive Academy, Zambia		 £15,000
Legacy of War Foundation 'Land for Women' project - Rwanda £15,000
Practical Tools Initiative Drilling a borehole (pumped by solar power) and
associated WASH activities in Foindu town, Sierra Leone		 £15,000
Pump Aid Expansion of water entrepreneur development
programme		 £15,000
Railway Children Kivuko: agricultural training and business support for
vulnerable families in Mwanza, Tanzania		 £14,650
Rory's Well Clean water provision and improvements to communal
rice farms in Sierra Leone		 £15,000
Sand Dams Worldwide Support a self-help group build a sand dam and learn
climate-smart agricultural techniques in Ukambani, Kenya		 £15,000
Tanzania Development
Trust		 Mdughuyu integrated development programme, Tanzania £14,700
Temwa Improving Access to Water, Sanitation and Hygiene
(WASH) project in Thoto Msinjae and Sanga communities
of Nkhata Bay		 £15,000
TOTAL £249,352
SMALL GRANTS
Age Concern Barnstaple &
District		 Community activity programme for older people £4,000
Age Concern Merstham,
Redhill, Reigate		 Support services for older people £4,000
Age Concern Windsor Ongoing delivery of services for older people £5,000
Archway Foundation Social groups, activities and telephone support for older
people		 £4,000
Bright Futures NE Piot intervention programme for at risk young women £10,000
Bury Defence Academy 'Gloves Up, Guns Down' project for young people involved
in the criminal justice system/at risk of offending		 £7,000
Cannon Street Memorial
Baptist Church (CSMBC)		 ‘Reducing Isolation for Older Adults’ (RIOA) project £4,000
Caring Hands Better Living at Home Project for older people £5,000
Coundon Care at Allseley
Park		 Fit & Healthy Elders project £4,500
Crosslight Advice Debt advice and support for women who've experienced
domestic abuse		 £10,000
Cyril Flint Befrienders Befriending services for older people £5,000
Dementia Friendly
Swansea		 Mobile Dementia Hwb £6,700
East London Cares Ongoing delivery of support services for older people £5,000
Friends of Jesmond Library Sing and Socialise group for older people £5,500
GASP Motor Project Training in Motor Mechanics for young people in the
criminal justice system		 £4,255
Godolphin Cross
Community Association		 The Reach Out project for older people £5,000
Helpful Bureau Practical home support services for older people £5,000
Hour Community Help at Home service for older people £7,000

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THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Ilkley and District Good
Neighbours		 Additional weekly ‘Moving On Friendship Group’ for older
people		 £5,000
Island House Community
Centre		 Digital skills training for older people £5,000
Luminary Limited Luminary training and support programme for
disadvantaged women in London		 £7,000
Margaret Carey Foundation Bike repair programmes for young people involved in the
criminal justice system		 £7,000
Maryvale Community
Project		 Expansion of support services for older people £4,000
Mediation Buckinghamshire 'Room to Talk' project supporting families, children, and
young people to manage conflict		 £6,800
Memories Are Golden
Community Hub		 Costs of a trained carer to provide day care services for
older people		 £5,000
Musical Connections Intergenerational music activities £5,000
Muslim Women's Network
UK		 Caseworker support and counselling for women who've
experienced abuse		 £10,000
Neighbours in Poplar Healthy Living Project for older people £5,000
NEPHRA Good Neighbours Handy Helper project for older people £7,000
Normandy Community
Therapy Garden		 Garden Pastimes project for those suffering from
dementia and their carers		 £3,000
Northumbria Coalition
Against Crime		 Odysseus Mentoring Project (OMP) £7,000
Norwich Men's Shed Workshop sessions £4,000
Omega, the National
Association for End of Life
Care		 Chatterbox, Action Against Loneliness programme £5,000
Oswin Project Newcastle Cathedral Café 16 £10,000
Rainbow Friendship Centre
Ltd		 Activities programme at the Rainbow Friendship Centre
for older people		 £4,000
Rape and Sexual Abuse
Centre North Wales
(RASASC)		 Towards the costs of Children and Young Persons
Sessional Counsellors		 £10,000
Rosebery Centre Befriending service for older people with dementia £4,000
Rutherglen Community
Carers		 Early Diagnosed Dementia Group and Dementia Craft
Club		 £5,000
Salcare McKenzie Friends support service for domestic abuse
victims		 £10,000
Signpost (Stafford) Limited Chair-based exercise sessions for the Open House
project for older people		 £1,000
Silverfit Ltd Silverfit in Kingston £3,000
Somerford ARC
Community Centre		 ADaPt Café for older people and their carers £5,000
Southmead Project Trauma focused long term counselling for adults who
have experienced abuse		 £10,000
Springfield Domestic Abuse
South Lakes		 The Freya Project – trauma-informed counselling service
for victims of abuse		 £7,000
Stirling4Community Lunch club for older people £3,000
Streetlight UK London support services for women involved in
prostitution		 £7,000
Strength and Stem Vocational floristry training programme for women who
have survived human trafficking and modern slavery		 £5,000
The No Way Trust Ltd
(Prison Me No Way)		 Interactive workshops for at risk youth £10,000
The Open Door Edinburgh Thursday friendship club for older people £3,000
The Wells Trust Step Out Mentoring £5,000
Trinity Methodist Church
Barton upon Humber		 'Living Later Life Well' project for older people £4,000

28

THE CHARLES HAYWARD FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

Upper Norwood Library
Trust		 'Chairs, Chat & Connect' project for older people £3,250
Wag and Company (North
East Friendship Dogs)		 Dog befriending for older people £5,000
YES Outdoors ‘Break the Cycle – Fixing Bikes, Changing Lives’ £6,775
YOPEY YOPEY Dementia Befriender scheme in Ipswich £5,000
You Can Flourish Community workshops for girls on the edge of education £7,000
TOTAL £319,780
MISCELLANEOUS
Amber Trust £500
Bucks Association for the Care of Offenders (BACO) £2,000
Chalke Valley History Trust £850
Claire House £2,000
Compassion in Dying £500
Dodford Children's Holiday Farm Worcestershire £5,000
Ebbesbourne Wake PCC £650
Epilepsy Research UK £500
Friends of Fairford and Lechlade Communities £1,000
Friends of Priaulx Library £5,000
Game and Wildlife Conservation Trust £500
Highland Cross £500
Macular Disease Society Andover £10,000
Marie Curie £500
National Autistic Society £1,000
PACE Centre £1,000
Parkinson's Disease Society London £1,000
Princess Alice Hospice Surrey £500
Prostate Cancer UK £10,000
Ripple Effect (formerly Send a Cow) £1,000
Royal Agricultural Benevolent Institution RABI £500
Salisbury District Hospital Charitable Fund - Stars Appeal £1,000
Salvation Army £500
Seeds4Success £2,000
Songbird Survival, Norfolk £500
SOS Children's Villages UK £500
Spinal Injuries Association £500
St Mungo's £500
St. Barnabas Hospice (Chestnut Tree House) £500
St. David's Foundation Hospice Care £6,000
St. Raphael's Hospice £500
Thames Valley Air Ambulance £1,000
The Brain Tumour Charity £2,000
The Compassionate Friends (TCF) £2,000
Tusk Trust £1,000
Welsh Air Ambulance Charitable Trust £500
Young Minds London £500
TOTAL £64,000

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