## **THE HUTTON FOUNDATION** _**Financial statements for the year ended 31 December 2021**_ _Registered charity (No. 1106521) in England and Wales_ THE HUThON FOUNDATION Trust••s Trusteerf report si•temiTrt of flnandal acll B•l•n¢e sheet Notes to the fln•nd•l statem•nts THE HU￿oN FOUNDATION ADMINISTRA TION Reglstered office address The Old ￿￿$¢ Brnmley Rthid Slkhester RG7 2LU Rqtstered ch•rRy M: IW6521 Secretwy & Treasurer jad￿ Oonnln• clo 25• SolK4 Sryw• LcI￿On 3aR THE HLrrroN FOUNDATION PROFESSIONAL ADVISERS 8ankers CHO￿&CO 37 Fleet Strtet London EC4P 4DQ Independent revlewer . Coly FCA 85G V•Sentlne LynloD House 7-12 T•vlstock Squ•re WCIH 98a Sollcltors Slone Klry iLP 16 St knhn's L•ne ECIM 485 THE HLrrroN FOUNDATION TRUSTEES Mrn. Am•nd• H Mr. Grnhm Hutton Mr. James Ilrtton Mr. PJth•nl Trlutton THE HU￿ON FOUNDATION TRUSTEES REPORT Trurtws rnport for the year ended 31 Decernber 2021 flMftcl•l ststerneftts for tr* yur ended 31 Dttemb•r 2Q21. Thts reFx)rt 15 prtpared In cordance wfth ihe Charltles Act 2011 and the stsiemeni of Recommended Prx¢k "AccouTrtin8 and Reportlry Ch•ritie< (reV￿ed 2CK181 I￿￿ed by #ki (jarity Commlssknn Marth 2￿5. I Ktmty of th• ch•rlty thTOU8hwt t •r was to recehe donatlons Ind donl mon*s for charftable wrF#)ses for the ￿nefft of the •ny of the world ￿ t try5ttts mty. inthew absokrte dlscrètlon. Ihlnk fft. The trustee5 WMI cotrtlnue to cNslder •pplkthu lor don•tlon% and T*tll rn•ke suth •s they thlnk fft lfi the fweulA• luture. Th• Charltl•s Act 2011 r•qulr¢s the tntst••s to prepare flnfrtl•l st•tements for e•ch fiMnd•l yeirwhKh • tru• •nd hlr of the state of affalts of the ch•rlty •Thl ol the Surp￿ or defidt of the thorlty for that perknd In Pfep•dw ihose fin1nd￿ stateme•ts. th• trust•es •ro requlred to: Th• th4rlty h•d • surplus for ye•r of £SS.227 12020 defieJt: £1652851 l￿d made tharftable don*tloffs In the furthernnce ol Its oWectP4es of £192.2191202Tr. É445.2011. The trustee5 •re sallsiled ih•t the owects the th•rty contlnue to ￿ •chltsryd. o%*rnllsurplus on ihe Income •ccouffl •mounts to £IML076 12020- £1,425.8491 •nd Is •vailable fviure donatlons In •c(￿th￿e wkh the th•riirfs objeclfvek The ch*rWs fvnds art relalr*d in •n interes1 beJrirw b•nk •Cu￿nI to enable the trustees to m•ke donatlons whhout •ry co￿ern for Nestmert rtsk •sXKlat￿ wlth loyr t•rffl ihth •pply them C(xJI5t￿tty' M•ke Judiements •nd estlm•t•s th•t •r• reasomble and prudent: Pfepare the I￿a￿l•l st•tements on • 8oln8 ¢oficern b•sSs unless 11 Is IMppr¢priète to pr•wn* th•t the th•rky WHI ccmllw• In emlstenctr. Determlne Wnoufrts •re presenied wlthlffl the st•tement of fin•ncl•l •rtMtl•s and b•knn¢e sheel rry•rd to the subst*nce of the rewrted trnftsartknn Of •rr•n8em¢fiL In K¢tyd•nc• wfth yner•lty •ccept•d Trust•• •ppolntsll•l( Indth •nd trnlrf The exbtln8 tTYSttts haby power to •pw¥rt rrusm tt) fill sped•llst When rx)nslderln8 •ny nev Op￿]4￿tfflerrts. the trustees hwt rne¥d to the requirement for •ny specwhst skblb needed to assk51 kn meetl chaf*able obfvrtfv New trustees Are lfftfed on thelr leg•1 obF4itions under th•rity and the conlents ol the d￿1￿% conslftutlL#i. The¥ JI •d¥ts•d of the dedslon m•klr¢ wocess. t prlndp•l •Ct￿RIeS •nd the fin•￿1•] ptrfomianco of the th•rfty. Durlni th•ir h￿IDn. n•w inirtees meet k*y trustees and a￿ •lso encoura8ed to attend •pproprl)tr extern•l v•lnlni vthere these wlll f•dfft*t th• Undertaki￿ ol thtlr The trustees •rn respomlble for keepl oper accounilna r•conls whl¢h dlsclose the rnasonatde •ccurxy It •ry Ilffle the I1￿￿¢1•1 positlon of the charfty and to enable them 10 ¢f￿re thal the finandal rtJtwnents mmply wlth the c￿lItIeS Art 2011. Thy •rn •1 r•sp¢thsible for s•frfuirdl￿ th* assets of the tharfty and hence for tsklnz reasonable steps for the w￿errtk+n and d￿ectkffl ol Ir•ud •nd other lryul•rldes. The ch•rity w*s crnated urnl•r • Trust D••d dated 15 oaob•r 21XM und•r a sdwml THE HurroN FOUNDATION TRUSTEES REPORT All the of th• are Vnrettr￿•d wtth the excwkn ol funds kn rel•tkn to tl Internation•1 Theokn8uI 1n5knt￿. The c￿rity has iwo fwd¥ ihe and the generated Irrton* deri¥*d Irom donations •NI 15 Used to m•*• charbtsL4t th)natiws whlth meet ib The c•th•l Kc¢xrt L* derr*d Maln￿ trtyn th¢ orkn'nal in￿l￿tfit as S*L o In TruA deed. lar as the twstees ar* awa￿. It￿ Is no le¥•nt Itrfrymatlon of wlKhthe kndependent ex•rniner Is unknvare. ar￿ eKh trustee h tsken all the steps thai they wht to taken lsatrustee kn onlerto mike t￿ffl IVA of ary knfo¢rn•t•on •nd W tstsbwl that thry Tr* trumees h•NY ref￿r￿ tt) the 8uldarKe the Ch•rliy ¢c*nmlsslon'$ lener￿ VIda￿¢ on bk benef* when •x*rtisln8 P￿￿$ and obieLttr *¢rwknce wtth the f•qwements of tt* Cha¢itksArt XIJI. Grnlwi Hutt¢n THE HUThON FOUNDATION INDEPENDENT REVIEWER'S REPOR T Independent revlewerfs report to the Trustees of the Hutton Foundatlon I report on Ihe•¢¢ounts ofihe Trum forthe ye•r Énded 31 Deonber 2021. whkh •r¢ set out on pws 7tolO. R•spethe r¢spMslbllhles ol trustees •nd exwnl• The tharitVs tfustees are responslble for the weparalion of rhe •ccounts. The tn15tees consldef that •n audil is not fequlred for thls year (under seclbw 144121 of the th•rilles Art 2011 (the 2011 A¢¢ii •nd ihal an ItKlependent examlfta￿n is needed. It Is my rosponslbility to: examine ihe Kcount5 under sertknn 14S of the 2011 Act". to folk>w the procedures l•W dawn kn the Gener•1 Olrectlons by the Ch•rbty Commlsslon under secth)n 1451511bl of the 2011 Aci.. •nd to #ate whether prticular matters w))e to my •ttenth)n. 8*511 of Independerrt wmlnerf report My ex•minatM7n was out in •ccordance Twiih the General Dlrectknns 8tr4en ty the Charlty COMrnts5￿fie￿. An examlnatK)n includes revlew ol the accountin8 records kept by the charlly and comparlsonolihe accounts presented with ihose records. ItJlso includes considerntK*n of any unusu•l Items or rfwlosures kn ihe accounts. •rtd Seeki￿ e¥pl•natlons from you as trustees roncemlr18 any 5uth m•tter5. The pr¢xedures undertaken do noi w)vkle all the evklence that woukl be requlred In n •udll. and consequentty no oplnlon b5 8l¥en as to whet￿r the accounts present a 'true and falr vw and the report Is Ilmlted to those matters In the stalements below. Ind•pend•rt •Mmiln•r< 5tstemert In connect1￿ wlth my ex•mlnatM tho m•ttef come lo rny •ttentkni: •) whl¢h ￿e$ mt le*￿￿b￿ c•ys• io bellthy that In •ry m•teri•l respects. the requlrements: to keep wuntlry re£•￿S In Kcordarbce T*tth seCtb￿ 130 ot the 2011 Act: to wepjre •eeoun¢s whkh Kcord wlth th• •ccountir4 records. compty wilh the accountl requwem•nts of 2011 Act h•ve not Ixen met or. bl to whith, In my opbnlon. Jiienilon be dTrwn in Nder to enable a w)pv understand1￿ of the •co)unt5 to be reached. . Col•p F.C BSG Vilenilne Ch•rtered kcountant Lynton House 7- 12 Tavtstock Squ•re London WCIH 980 13 Seoember 2022 THE HUThON FOUNDATION STA TEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2￿21 75J58 65J14 TOTALINCOMING R£s￿R(£s 145J94 IN2751 1113.9441 (19U19) 144S. (L￿) (79.7351 11ts9441 {Wg) IW,6591 7m 2$51 $4m4 55327 1165.2851 425J49 IJ9L134 THE HUThON FOUNDATION BAL4NCE SHEET A8 at 31 Drfember 2021 L37D,692 13lQ618 81.829 IIL3 ui 1960) LMIRESTMCTED IVNf6 L425*59 For•)d