Report of the Directors and Unaudited Financial Statements for the year ended 31 March 2025 for The Housley Bequest Limited ## The Housley Bequest Limited Contents of the Financial Statements for the year ended 31 March 2025 ||Page|| |---|---|---| |Company information||1| |Report of the Directors||2| |Profit and Loss Account||3| |Balance Sheet||4| |Notes to the Financial Statements||5-6| |Report of the Accountant||7| |Profit and Loss Account detail||8| |**Directors:**
**Secretary:**
**Registered Office:**
**Registered Number:**
Accountant|The Housley Bequest Limited
Company Information
for the year ended 31 March 2025| |---|---| ||
Mrs P M Torry
J W Torry
R Housley
Mrs P M Torry
Highcliffe House
Sheffield Road
Hathersage
Hope Valley
England
S32 1DA
4179409
M E Vinall
Haycot
8 Gill Close
Wickersley
Rotherham
S66 1EX| Page 1 ## The Housley Bequest Limited Report of the Directors for the year ended 31 March 2025 The Directors present their report with the financial statements of the company for the year ended 31 March 2025 ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of charitable purposes. The Company is a registered charity with the Charity Commission, number 1088555. ## **DIRECTORS** The Directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report. Mrs P M Torry J W Torry R Housley ## **Notes** The Bequest has made a number of donations to charities during the year totalling £21,622. These included: Valley CIDS, Mind the Gap (Africa), Rising Souls School (Ghana), Safe at Last, Burton Street Foundation, Sheffield Mencap, Golddigger Trust, Sunshine Yordors, Fountain of Life Ministries, Caritas Salford, Amber Bee CIC, Susie Oldfield for teaching at Eyam Church and Sheffcare Ltd. The apartment at 18 Weetwood Gardens has been tenanted throughout the period and rent fully paid. There have been a number of maintenance issues but the apartment continues to be a reliable source of income. Early 2025 saw significant turbulence in the markets and a fall in the value of investments. The global situation continues to be uncertain and remains under discussion by the Trustees. During the year the Housley Bequest Ltd was pleased to receive further monies from the Bethany Trust as the latter moved towards closure. However it came to light that the Bethany Trust funds were a permanent endowment. David Kirkby of DK Legal has applied to the Charities Commission, on our behalf, for a linking direction in order to preserve the capital for the future. Further information relating to the treatment of the permanent endowment is detailed in the explanation of the restricted funds in Note 7 of the financial statements. The founder of the Housley Bequest Ltd, Herbert Housley MBE, died April 21st 2024. He and his wife, Margaret, who died 10 years ago, have helped thousands of children and people throughout the world through their generosity and dedication. The Trustees are determined that their legacy will continue to be a blessing to many, in perpetuity. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015) ## **ON BEHALF OF THE BOARD:** Signature P M Torry Director Page 2 ## The Housley Bequest Limited ## Profit and Loss Account for the year ended 31 March 2025 |Notes
**TURNOVER**
Property Rental Income
Administrative Expenses
Donations Made
Other Operating Income
**OPERATING LOSS**
2
Interest Receivable and similar income
Profit/(loss) on disposal of investments
Unrealised profits/(losses)
3
Donations Rec'd
**PROFIT/(LOSS) ON ORDINARY ACTIVITIES**
**BEFORE TAXATION**
Tax on profit/(loss) on
ordinary activities
4
**PROFIT/(LOSS) FOR THE FINANCIAL YEAR**
**AFTER TAXATION**|31.3.25
31.3.24
£
£
13,200
13,200
-27,018
-17,332
-21,622
-21,520
-35,440
-25,652
0
0
-35,440
-25,652
37,810
9,928
4,560
1,207
10,830
16,192
40
13
17,800
1,688
0
0
17,800
1,688| |---|---| The notes form part of these financial statements Page 3 |**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Cash at bank and in hand
Investments managed by Rathbones
Investments managed by RD
**CREDITORS**
Amounts falling due within 1 year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**|The Housley Bequest Limited
Balance Sheet
31 March 2025
Notes
£
£
£
£
5
264,519
272,275
121,697
28,198
5a
435,141
431,625
5b
740,067
0
6
0
0
1,296,905
459,823
1,561,424
732,098
7
1,561,424
732,098
1,561,424
732,098
31.3.25
31.3.24|The Housley Bequest Limited
Balance Sheet
31 March 2025
Notes
£
£
£
£
5
264,519
272,275
121,697
28,198
5a
435,141
431,625
5b
740,067
0
6
0
0
1,296,905
459,823
1,561,424
732,098
7
1,561,424
732,098
1,561,424
732,098
31.3.25
31.3.24| |---|---|---| |||732,098| |||732,098| |||732,098| For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors onxxxxxxxxxx and were signed on its behalf by: P M Torry Director The notes form part of these financial statements Page 4 ## The Housley Bequest Limited Notes to the Financial Statements for the year ended 31 March 2025 1 **ACCOUNTING POLICIES** ## **Accounting convention** The financial accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Buildings 40 yrs 2 ## **OPERATING Profit** |The operating profit is stated after charging:|31.3.25|31.3.24| |---|---|---| ||£|£| |Directors emoluments and other benefits etc|0|0| 3 ## **INVESTMENTS** Investments, managed by Rathbones and Rowan Dartington, are included in the accounts as at 31st March 2025 at the current market value as reported by them. Unrealised profits or losses have been included in the Profit and Loss account recognising the difference between the market value and book cost of the investments. 4 ## **TAXATION** ## **Analysis of the tax charge.** No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2025 nor for the year ended 31 March 2024. 5 |**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2024
Additions
Disposals
31 March 2025
**DEPRECIATION**
At 1 April 2024
Depreciation Apr24-Mar25
Less Depreciation on Disposals
31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
Page 5|Land and
Buildings
£
310250
0
0
310,250
37975
7756
45,731
264,519
272,275
continued...| |---|---| The Housley Bequest Limited ## Notes to the Financial Statements - continued for the year ended 31 March 2025 |5a|**Rathbones Investment Funds**||31.3.25|31.3.24| |---|---|---|---|---| ||||£|£| ||Cash held by Rathbones||5462|3813| ||Dividends in transit from Rathbones||2616|2643| ||Investments managed by Rathbones**||427063|425169| ||||435141|431625| ||** Book cost||394360|395422| |5b|**Rowan Dartington Investment Funds**||31.3.25|31.3.24| ||||£|£| ||Cash held by RD||15701|| ||Dividends held by RD||2679|| ||Investments managed by RD ***||721687|| ||||740067|0| ||*** Book cost||684199|0| |6|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.3.25|31.3.24| ||||£|£| ||Other Creditors||0|0| |7|**RESERVES**|||| |||Unrestricted|Restricted|Total| |||Funds|Funds*|Funds| |||||£| ||At 1 April 2024|732098||732,098| ||Profit for the year|17800||17,800| ||Funds transferred from The Bethany Trust|58243|753283|811,526| ||At 31 March 2025|808,141|753,283|1,561,424| * The restricted funds comprise the permanent endowment funds which The Housley Bequest received as a gift from The Bethany Trust on 11th June 2024. The permanent endowment funds are to be held in perpetuity and only the income arising may be used in furthering the Bequest's charitable purposes. The permanent endowment funds are to be held on separate charitable trusts of which the Bequest is the sole trustee. The permanent endowment funds are held for the general charitable purposes of the Bequest. Accordingly, there are no particular restrictions on how the income generated from the permanent endowment funds may be applied in furthering the Bequest's charitable purposes. Page 6 ## The Housley Bequest Limited ## Report of the Accountant to the Directors of The Housley Bequest Limited As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to six and you consider that the company is exempt from an audit. In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me. M E Vinall Haycot 8 Gill Close Wickersley Rotherham S66 1EX I have conducted an Independent Examination of the accounts and can confirm that no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the - accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. P E Brown 21A Meadowhead Sheffield S8 7UA Page 7 ## The Housley Bequest Limited ## Profit and Loss Account for the year ended 31 March 2025 |**Incoming Resources**
Property Rental Income
Donations received
Bank Interest
Dividends receivable
Accrued Dividends/Interest - incr/(decr)
Profit/(Loss) on Disposal of Investments
Unrealised Profits/(Losses) - incr/(decr)
**Expenditure**
Insurance
Rent & Rates
Property Management Fees
Legal & Professional Fees
Companies House
Service Charges
House Running Costs
Sundries
Donations
Investment Management Fees
Depreciation on Fixed assets
Finance costs - Bank charges
**NET PROFIT/(LOSS)**|£
£
£
£
13200
13200
40
13
1,121
385
36,714
8,161
-26
1,382
4,560
1,207
10,830
16,192
66,439
40,540
746
788
100
100
660
2,034
3,824
0
34
13
2,229
2,200
1,311
558
372
0
21,622
21,520
9,802
3,683
40,700
30,896
25,739
9,644
7,756
7,756
183
200
17,800
1,688
31.3.25
31.3.24| |---|---| ||| This page does not form part of the statutory financial statements Page 8