THE HurroN FOUNDATION Financial statementsfor the year ended 31 December 2024 (<8giJtereJ IlJ¢ln4, N'o. 1106i21) 14 Eiigl47tr1d aiiJ JY"4&.
THE HUTTON FOUNDATION Administration Professronal advisers Trustees Trustees, report Independent reviewer's report Statement of financial activities Balance Sheet Notes to the financial statements
THE HurroN FOUNDATION ADMINISTRA TION Registered office address The Old House Bramley Road Silchester RG7 2LU Registered Charity no . 1106521 Secretary & Treasurer Jackie Donnina c/0 25a Soho Square London WID 3QR
THE HurroN FOUNDATION PROFESSIONAL ADVISERS Bankers C. Hoare & Co 37 Fleet Street London EC4P 4EIQ Independent reviewer N. ColaGo FCA TC BSG Valentine Limited Lynton House 7-12 Tavistock Square London WCIH 9BQ Solicitors Stone Ki ng LLP 16 St John's Lane London ECIM 4BS
THE HUTTON FOUNDATION TRUSTEES Trustees fin (Jlphabetical order) Mrs. Amanda Hutton Mr. Graham Hutton Mr. James Hutton Mr. Richard Hutton
THE HUThON FOUNDATION TRUSTEES REPORT Trustees report for the year ended 31 December 2024 The trustees present their report and the financial statements for the year ended 31 December 2024. This report is prepared in accordance with the Charities Act 2011 and the Statement of Recommended Practice "Accounti ng and Reporting Charities" (revised 2008) issued by the Charity Commission in March 2005. approved by the Charity Commissioners. The principal activity of the charity throughout the vear was to receive donations and donate monies for charitable purposes for the benefit of the public in any part of the world as the trustees may, in their absolute éiscretion, think fit, The trustees will continue to consider appkications for donations and will make such donations as they think fit in the foreseeable f uture. Trustees, responsibilities The Charities Act 2011 requires the trustees to prepare financia I statements for each financial vear which give a true and fair view of the State of affairs of the char¢ty and of the surplus or def icit of the charity for that period. In preparing those financial statements, the trustees are required to: Financial review The charity had a surplus for the year of £28,851 {2023 deficit: £61,810) and made charitable donations in the furtherance of its objectives of £260,416 {2023: £209,891I. The trustees are satisfied that the objects of the charity continue to be achieved. The overall surplus on the income account amounts to El,159,492 {2023: £1,130,641) and is available for maki ng future donations in accordance with the charity's objectives. The charity's funds are invested in a mixture of corporate bonds and equity indices to generate income and capital growth from which donations can be made, Select suitable accounti ng policies and hen apply them consistently; Make judgements and estimates that are reasonable and prudent; Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in existence; Determine how amounts are presented within the statement of financial activities and balance sheet having regard to the substance of the reported transaction or arrangement, in accordance with genera Ity accepted accounting principles or practice. The trustees are responsible for keeping proper accounting record5 which disclose the reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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. Objective principal activities e charity was created under a Trust Deed dated 15 October 2004 under a scheme Trustee appointment, induction and trainsng The existing trustees have the power to appoint new trustees to fill specialist roles. When considering any new appointments, the trustees have regard to the requirement for any specialist skills needed to assist in meeting the charitable objectives. New trustees are brkefed on their legal obligations under charity law and the contents of the charstls constitution. They are also advised of the decision making proces5, the principal activities and the financial performance of the charity. During their induction. new trustees meet key trustees and are also encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
THE HUThON FOUNDATfoN TRUSTEES REPORT Reserves pollcy The charity's reserve policy is to retaln a sufficient level of reserves to make charitable donations, All the funds of the charity are unrestricted wlth the extÉption of funds In relation to the International Theological Instltute and International Catholic Legislators Network. The charity has two funds, the income account and the capltal account. The income account is generated from ncome derived from donations received and from interest and dividend income, and is used to make charitable donations which meet its charitable objectives. The capital account is derived main ly from the original investment as set out In the Trust deed. Statement as To Disclosure of Information So far as the trustees are aware, there is no relevant information which the independent examiner is unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any Information and to establish that they are aware of that information. Public benefit Statement The trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when exercising powers and duties in furtherance of the charities objectives. The Trustees, report has been prepared in accordance with the requirement5 of the Charities Act 2011. Mr Graham Hutton
THE HurroN FOUNDATION INDEPENDENTREVIEWER'S REPORT Independent reviewer's report to the Trustee5 of the Hutton Foundation report on the accounts of the Trust for the year ended 31 December 2024, wh4ch are set out on ages 7 to 10. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year {under section 144(2) of the Charities Act 2011 {the 2011 Act)) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiners, report My examination was carried out ir) accordance with the General Directions given by the Charitv Commissioners. An examination includes review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of anv unusual items or disclosures in the accounts, and seeking explanations from YOLF as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required tn an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is ¢imited to those matters set out in the statements below. Independent examiners, statement In connection with my examination, no matter has come to my attention: a) which gives me reasonable cause to believe that in any material respects, 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, comply with the accounting requirements of the 2011 Act have not been met or; b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. N. ColaGo F.C.A. TC BSG Valentine Limited Lynton House 7- 12 Tavistock Square London WCIH 9BQ December 2025
THE HUTTON FOUNDATION STA TEMENTOF FINANCIAL ACTIVITIES For the year ended 31 December 2024 Unrestricted Restricted Tota I Fund5 Notes 2024 2024 2024 2023 ENCOMING RESOURCES Incoming re50urcesfrom generatedfunds Charitable donations 1,360 165,000 166,360 88,696 Interest & other income 83,709 83,709 24,948 TOTAL INCOMING RESOURCES 85,069 165,000 250,069 113,644 RESOURCES EXPENDED Costs of generating funds Charitable donations made (95,416) (165,000) {260,416) {209,891) Adrninistrative expenses (1,470) (1.470) (2,055) TOTAL RESOURCES EXPENDED (96,886) (165,000) 1261,886} (211,946) NET OUTGOING RESOURCES FOR THE YEAR 111,8171 111,817) 198,302) Other recognised gains or losses 40,668 40,668 36,492 Net movement in funds 28,851 28,851 {61,810} Total funds brought forward 1,130,641 1,130,641 1,192,451 TOTAL FUNDS CARRIED FORWARD 1,159,492 1,159,492 1,130,641 The notes on pages 9 to 10 form part of the financial staternents.
THE HUThON FOUNDATION BALANCE SHEET A5 at 31 December 2023 Unrestrlcted f unds 2024 2023 FIXED ASSETS Investments in Securities 1,123,000 1,112,332 CURRENT ASSETS Cash at bank ancl in hand 37,462 19,279 TOTAL CURRENT ASSETS 37,462 19,279 CURRENT LIABILITIES Accrual5 (960) (960) TOTALCURRENT LIA81LITIES (960) (960) NET ASSETS 1,159,502 1,130,651 Represented by.. Capital account Income account UNRESTRICTED FUNDS 10 10 1159 492 1130 641 1,159,502 1,130,651 Approved by the Trustee5 Graham Hutton For and on behalf of the Trustees 22 December 2025 The notes on pages 9 to 10 form part of the financial staternents.
THE HurroN FOUNDATION NOTES TO THE FINANCIAL STA TEMENTS (continued) l. Accounting policies The financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the St3tement of Recommended Practice 3pplicable to charities preparing their accounts accordance with the Financial Reportrng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011, The Hutton Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognrsed at historic31 cost or transaction value unless otherwise stated in the relevant accounting policy note(s}, Charitable income All incoming resources are 4ncluded in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Expenditure All expenditure is accounted for on an accruals basis and allocated to the appropriate heading in the accounts. All VAT has been included as part of the cost to which it relates, Charitable expenditure comprises those cost incurred by the charity in the delivery of its activities for its beneficiaries. These costs include charitable distributions made, Trustees, remuneration and related porty transactions No trustees received any rernuneration during the year {2023: £nil). No trustees, expenses were incurred during the year. There were no related party transactions in the year {2023: £nil). Substantially all of the donations received in the current and previous year were from the Hintze Family Trust. 2. Charitable income Unrestricted Restricte Total 2024 2023 Donotions received Charitable donations 1,360 165,000 166,360 88,696 Charitoble donations La Allegria de Los Ninos Emmanuel College Theological Institute International Catholic Legislators Network Aid to the Church in Need (15,000) (3,856) (15,000) (3,856) 180,0001 185,000} {15,000) {3,720} {80,000} (80,000) (85,000) {17.200} {59,360) 117,200} {59.360} Other donations (111,171) TOTAL (95 ,416) (165,000) 1260,416) (209,891)
THE HUTtON FOUNDATION NOTES TO THE FINANCIAL STA TEMENTS (continued) 3. Administrative expenses 2024 2023 Independent review Bank charges Sundry Expenses 960 950 510 595 500 1,470 2,055 4. Investments 2024 2023 Cash and cash products held at bank 37,462 19,729 Investment portfolio 1,123,000 1,112,332 1,160.462 1,131,611 5. Creditors 2024 2023 Accruals Independent examination 960 960 10