Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
HINCHLEY CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE)
Registered Company No. 05353283 Registered Charity No. 1108412
http://www.hinchleycharitabletrust.org.uk/
Report and Financial Statements
for
Year ending 30 June 2025
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
Annual Report
The Trustees present their Annual Report together with the financial statements of Hinchley Charitable Trust (“HCT”) for the year 1 July 2024 to 30 June 2025.
The Annual Report serves the purposes of both a Trustees’ Report and Directors’ Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.
1. OBJECTIVES AND ACTIVITIES
Hinchley Charitable Trust (“HCT”) was incorporated as a company limited by guarantee on 4 February 2005 and registered as a charity on 3 March 2005. The legal objects of HCT are: “the general purposes of such charitable bodies or for such other purposes as the Trustees may from time to time decide as shall be exclusively charitable” (the Objects).
HCT is a grant-making charity. Through its grants and partnerships with its beneficiaries it supports a variety of charitable activities in the United Kingdom that match HCT’s strategic priorities. The Trustees give particular emphasis to activities relating to the spread of the Christian faith and its potential benefits for disadvantaged communities. HCT aims to maximise the capacity of its grant recipients to make a transformative contribution to the spiritual and social well-being of human communities and persons in the United Kingdom and overseas. The Trustees are particularly keen to support smaller charities where a grant can make a significant difference to the work of such charities.
HCT focuses on the following four main categories of activity. The Trustees have adopted a policy of normally making no more than four grants per annum in each of these four areas:
Christian organisations engaged in holistic mission Christian organisations at work in the public sphere Christian leadership training
- Christian work among young people
The main activities of HCT during the year ending 30 June 2025 were:
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a. Undertaking rigorous review of applications from registered or recognised charities whose activities correspond to the main categories of charitable work that the Trustees have identified.
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b. Providing and regularly monitoring grants to registered or recognised charities whose activities have been deemed by the Trustees to have a fit with the objects and strategic priorities of HCT.
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c. By face-to-face and online meetings and regular communication, developing
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
medium to long-term strategic relationships with its beneficiaries in order to promote commonality of vision.
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d. Managing the assets of HCT in order to sustain its grant-making capacity.
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e. Keeping under review the asset distribution of HCT’s investments.
The Trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives of HCT, its grant-making and future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives they have set. HCT delivers public benefit through the organisations to which grants are given.
During the year 4 formal meetings of the Trustees were held in person on 9th November 2024 and 12th April 2025, and online on 11th February 2025 and 24th June 2025. The Trustees also conferred at other times by telephone, email, and at informal meetings.
2. ACHIEVEMENTS AND PERFORMANCE
During the year the Trustees made 16 grants to 16 different charitable organisations amounting to £146,500 (2024: 18 grants totalling £157,414). The majority of these had received previous grants from HCT. This pattern reflects HCT’s policy to form on-going relationships with its recipient charities over a period of several years. No grants were made to individuals.
During the year the following 10 organisations were recipients of grants of £10,000 or more:
| Youthscape | £10,000 |
|---|---|
| Christians in Parliament | £15,000 |
| Growing Hope | £15,000 |
| A Rocha UK | £10,000 |
| Orchards | £10,000 |
| SAT-7 | £10,000 |
| Christians in Politics | £10,000 |
| Faraday Institute | £11,000 |
| WPCA | £10,000 |
| Thrive Youth Ministries | £10,000 |
There were also 5 smaller grants of between £6,000 and £9,000 each.
Through its grant-making activity during the year HCT believes it has made a strategic difference to its beneficiaries and hence to the wider good of society, both in the United Kingdom and overseas.
Below is an example of projects that have received grants from HCT in the past year:
A Rocha UK
A Rocha UK is a Christian charity working to protect and restore the natural world and committed to equipping Christians and churches in the UK to care for the environment.
Hinchley is supporting the Strengthening Christian Environmental Leadership programme. This project aims to accelerate UK action on the ecological crisis, especially climate change and biodiversity loss, by accelerating the considerable potential contribution of Christians and Churches. It will achieve this through establishing, equipping and linking up a broad cohort of
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
Christian environmental leaders, to drive relevant actions at local, denominational and national level.
3. Risk Management and Assessment
The Trustees have adopted the following risk policy:
1. INVESTMENT RISK
HCT manages investment risk through a bespoke investment portfolio with Rathbones (incorporating Investec) and three managed investment funds to provide a balance across equities, bonds and property.
2. RISKS TO CASH FUNDS
HCT’s cash balances are held in a bank and in Rathbones, to ensure diversification of risk to the current cash funds held.
3. RISKS IN GRANT-MAKING
All new charities being considered for grants by the Trustees are carefully investigated as to their financial soundness and suitability. Formal acknowledgement of all grants is required from all supported charities.
Overall, the Trustees have examined the major governing, operational and financial risks to which HCT is exposed and, having considered the likelihood of those risks, confirm that systems have been established to mitigate these risks.
3.1 Related Parties
There were no grants made this financial year which had any link to any of the employees or Trustees of HCT.
3.2 Statement of Directors’ (Trustees’) Responsibilities
The Trustees (who are also Directors of HCT for the purpose of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)
Company law requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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a. Select suitable accounting policies and then apply them consistently;
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b. Observe the methods and principles in the Charities SORP (FRS102);
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c. Make judgements and accounting estimates that are reasonable and prudent;
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d. State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; and
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e. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
.
The Trustees as Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
3.3 Small Company Declaration
The financial statements appended to this report have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and the Financial Reporting Standards (FRS)102.
4. STRUCTURE, GOVERNANCE AND MANAGEMENT
HCT is a charitable company limited by guarantee, incorporated on 4 February 2005 and registered as a charity on 3 March 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10.
HCT operates through meetings and regular correspondence of the Trustees, who are also the Directors of the company. All decisions are taken by the Trustees. Responsibility for financial management is delegated to one Trustee who draws on the support of other Trustees as necessary. Day-to-day administration of HCT is in the hands of a part-time salaried administrator, who is the Company Secretary.
The Trustees are appointed by existing Trustees. In identifying potential new Trustees, the existing Trustees look to bring in people with experience in the Not-for-Profit Sector to complement existing experience and knowledge. The Trustees are conscious of the need to provide for the future management of HCT by the appointment and training of new Trustees from time to time. All the existing Trustees have experience of the charity sector either as Trustees or as employees of other charities, and one has held a senior paid position within a charity. Training is gained through these other charities plus attendance by individual Trustees at conferences and seminars usually but not exclusively sponsored by the Trustees’ professional advisors. A record of training is maintained and reviewed to ensure a balance of expertise is held by the Trustees overall. In the light of training received, the Trustees will consider whether additional training is required for the Trustees as a whole.
HCT follows a robust policy of Trustees being required to declare interest and abstain from decisionmaking whenever grants are being considered to a charity in which a Trustee has an interest.
5. FINANCIAL REPORT
HCT relies on its investment portfolio to both provide its income and to provide capital gains to fund its grant making activities and costs. During 2024 to 2025 investment income of £106,094 was generated. The difficult capital markets particularly reflecting the impact of tariffs by the United States meant there was a loss on the investment portfolio of £50,068. The performance was also impacted by our ethical approach which meant HCT did not hold better performing parts of the market including oil, gas and mineral extraction.
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
HCT made grants during the year of £146,500 similar to the previous year. Other costs were down mainly due to reduced staff costs reflecting the handover period between staff last year.
As HCT has an expendable endowment the Trustees have agreed to draw on the endowment to meet current needs. During the year £40,000 was drawn from the capital to maintain the level of grants. The Trustees review the budget for grants each year recognising the overall financial position of the Trust.
Reserves
The level of unrestricted reserves fell to £12,168 against required reserves of £24,341, giving cover of 50%. This is considered acceptable by the Trustees given HCT has flexibility because it has an expendable endowment and total cash resources of £27,527. Transfers are expected during the coming year to increase the reserves and also reflecting the Trustees adopting a total return in its revised Statement of Investment Principles.
……………………………………………………. Mr John Levick Trustee Company Number: 05353283
Date: 5 February 2026
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
6. REFERENCE AND ADMINISTRATIVE DETAILS
6.1 General
Charity Name: Hinchley Charitable Trust Charity Number 1108412 Company Number 05353283 Principal and Registered Office East Cottage, Chantry Road, Harrow, HA3 6NT Website http://www.hinchleycharitabletrust.org.uk/ Company Secretary Mrs Milandeep Chander-Abraham
6.2 Board of Trustees
The Trustees, who are also the Directors under the Companies Act 2006, who served during the period to the date of signing this report, were:
Prof Brian Stanley (Chairman) Mrs Rebecca Corbett Mr John Levick (Treasurer) Mr Roger Northcott Ms Sarah Smith Mr David Leeds Mr Cameron Howes
6.3 Advisors to the Charity
Solicitors: TWM Solicitors LLP 7-9 Queens Road, Wimbledon SW19 8NG Bankers: CAF Bank Ltd 25 King’s Hill Avenue West Malling Kent ME19 4JQ Investment Managers: Rathbones Investment Management Ltd. 30 Gresham Street London EC2V 7QN CCLA Investment Management Ltd, One Angel Lane, London EC4R 3AB Epworth Investment Fund for Charities 9 Bonhill Street, London EC2A 4PE Independent Examiners: Wende Hubbard, Burgis & Bullock 23 - 25 Waterloo Place, Leamington Spa, CV32 5LA
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Hinchley Charitable Trust Annual Report and Accounts 2024 to 2025
Independent Examiner’s Report to the Trustees of Hinchley Charitable Trust
I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2025.
Responsibilities and Basis of Report
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 (the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a· true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the Charities SORP (FRS102). methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated:
Wende Hubbard FCCA Burgis & Bullock 23 -25 Waterloo Place Leamington Spa CV32 5AL
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Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
Statement of Financial Activities
(including summary income and expenditure account) For the year ending 30 June 2025
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| Notes funds |
funds | funds | |
| Income and Endowments from: | |||
| Investment Income | 2 106,094 |
0 | 106,094 |
| Other | 0 | 7 | 7 |
| Total income Expenditure on: Raising Funds Charitable Activities: Grants Other |
106,094 3 (611) 4 (146,500) 5 (12,744) |
7 (12,383) 0 0 |
106,101 (12,994) (146,500) (12,744) |
| Total expenditure | (159,855) | (12,383) | (172,238) |
| Net income / (expenditure) resources before transfer (53,761) |
(12,376) | (66,137) | |
| Transfers between Funds | 7 40,000 |
(40,000) | 0 |
| Gains / (losses) on investment assets | 0 | (3,569) | (3,569) |
| Unrealised gains/(losses) on investment assets | 0 | (46,499) | (46,499) |
| Net movement in funds | (13,761) | (102,444) | (116,205) |
| Total funds brought forward | 25,929 | 4,194,161 | 4,220,090 |
| Total funds carried forward | 12,168 | 4,091,717 | 4,103,885 |
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Hinchley Charitable Trust Report of the Trustees and Accounts for the year ended 30 June 2025
Statement of Financial Activities
(including summary income and expenditure account) For the year ending 30 June 2024
| Notes | Unrestricted Funds Endowment Fund Total Funds 115,066 0 115,066 0 0 0 115,066 0 115,066 0 (11,863) (11,863) (157,414) 0 (157,414) (14,219) 0 (14,219) (171,633) (11,863) (183,496) (56,567) (11,863) (68,430) 52,180 (52,180) 0 0 48,314 48,314 0 290,212 290,212 (4,387) 274,483 270,096 |
|---|---|
| Income and Endowments from: Investment Income 2 Other Total income Expenditure on: Raising Funds 3 Charitable Activities: Grants 4 Other 5 Total expenditure Net income / (expenditure) resources before transfer Transfers between Funds 7 Gains / (losses) on investment assets Unrealised gains/(losses) on investment assets |
|
| Net movement in funds | |
| Total funds brought forward | 30,316 3,919,678 3,949,994 |
| Total funds carried forward | 25,929 4,194,161 4,220,090 |
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Hinchley Charitable Trust Report of the Trustees and Accounts for the year ended 30 June 2025
Balance Sheet as at 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Fixed assets | |||
| Investment Portfolio | 11 | 3,513,589 | 3,610,572 |
| Property Funds | 11 | 435,320 | 425,043 |
| Total Fixed assets | 3,948,909 | 4,035,615 | |
| Current assets | |||
| Bank balances | 12 | 27,527 | 46,065 |
| Debtors | 13 | 130,567 | 140,710 |
| Total Current assets | 158,094 | 186,775 | |
| Liabilities | |||
| Creditors falling due within a year | 14 | (3,118) | (2,300) |
| Total Liabilities | (3,118) | (2,300) | |
| Net Assets | 4,103,885 | 4,220,090 | |
| Net Assets | |||
| Deficit for year before gains and losses | (69,706) | (68,430) | |
| Balance brought forward | 4,220,090 | 3,949,994 | |
| Gains/(losses) on investment assets | (46,499) | 338,526 | |
| Total Net Assets | 4,103,885 | 4,220,090 | |
| The Funds of the Charity | |||
| Unrestricted | 16 | 12,168 | 25,929 |
| Restricted | 16 | 0 | 0 |
| Endowment | 16 | 4,091,717 | 4,194,161 |
| Total Charity Funds | 4,103,885 | 4,220,090 |
The notes on pages 12 to 19 form part of these financial statements.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies’ regime. The financial statements were approved by the Trustees and authorised for distribution on and signed on its behalf by:
…………………………………………………….
Mr John Levick Trustee Company Number: 05353283
Date: 5 February 2026
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Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
Notes to the Accounts
1. Accounting policies
General information
Hinchley Charitable Trust (HCT) is a charitable company registered in England and Wales. The address of the principal office is given in section 6 of the trustees’ report. The principal activity of the trust is the award of grants in furtherance of charitable purposes.
Basis of Preparation
The charity accounts have been prepared under the historical cost convention modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The charity prepares its financial statements in accordance with the charity's memorandum and articles of association, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), the Companies Act 2006 and the Charities Act 2011
Hinchley Charitable Trust constitutes a public benefit entity as defined by FRS102.
Currency
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
Prior period restatement
The prior year comparatives have been restated to reflect the fact that bank accounts amounting to £2,035, previously disclosed within cash at bank and in hand, have been reclassified as fixed asset investments, on the basis that they make up part of the fixed asset investment portfolio.
Going concern
The financial statements have been prepared on a going concern basis.
Having carried out a detailed review of the HCT's resources and the current economic challenges facing both HCT and its members the Trustees are satisfied that the Charity has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements.
Income
All income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
Investment management fees are charged to the endowment fund.
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Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
Pensions
All staff earning more than the minimum level are offered the opportunity to join a pension scheme. HCT provides this through Nest. HCT provides an employer contribution of 5% to match the contribution of employees and is above the minimum required under auto enrolment regulations.
Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date. Investment gains and losses, whether realised or unrealised, are shown in the heading ‘gains/(losses) on investments’ in the Statement of Financial Activities.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the charitable purposes of HCT. Restricted funds are funds to be used in accordance with specific restrictions imposed by donors or which have been raised by HCT for particular purposes. The aim and use of each restricted fund is set out in the notes to the accounts.
Endowment funds represent those assets which formed the capital base of HCT principally held in the form of investments, along with subsequent gains, or losses. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as restricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. The Trustees have discretion to expend the endowment in furtherance of the charitable purposes should they determine to do so.
Financial instruments
Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.
Debtors and creditors
Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price and subsequently measured at amortised cost less any impairment.
Critical accounting estimates and judgement
In the application of the HCT's accounting policies, the Trustees is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.
Recoverable value of debtors
HCT makes an estimate of the recoverable value of debtors. When assessing impairment of debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
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Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
Analysis of income and expenditure
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | 2025 | Unrestricted | Endowment 2024 | ||||
| 2. INCOME | ||||||||
| Investment Income - Dividends | ||||||||
| Dividends | 74,135 | 0 | 74,135 | 76,083 | 0 | 76,083 | ||
| Property Funds | 20,523 | 0 | 20,523 | 27,922 | 0 | 27,922 | ||
| Total | 94,658 | 0 | 94,658 | 104 005 | 0 | 104,005 | ||
| Investment Income - Interest | ||||||||
| Bank Interest | 245 | 0 | 245 | 1,677 | 0 | 1,677 | ||
| Bonds | 10,338 | 0 | 10,338 | 9,078 | 0 | 9,078 | ||
| Other interest | 853 | 0 | 853 | 306 | 0 | 306 | ||
| Total | 11,436 | 0 | 11,436 | 11,061 | 0 | 11,061 | ||
| Other Income | ||||||||
| Other Income | 0 | 7 | 7 | 0 | 0 | 0 | ||
| INCOME TOTAL | 106,094 | 7 | 106,101 | 115,066 | 0 | 115,066 | ||
| Total | ||||||||
| Unrestricted | Endowment | 2025 | Unrestricted | Endowment | 2024 | |||
| EXPENDITURE | ||||||||
| 3 a Cost of generating | funds - | Investment management costs | ||||||
| Investment Fees | 0 | 12,383 | 12,383 | 0 | 11,863 | 11,863 | ||
| Total | 0 | 12,383 | 12,383 | 0 | 11,863 | 11,863 | ||
| 3 b Cost of generating | funds - | Other | ||||||
| Property costs | 611 | 0 | 611 | 0 | 0 | 0 | ||
| Total | 611 | 0 | 611 | 0 | 0 | 0 | ||
| Total Cost of Generating | 611 | 12,383 | 12,994 | 0 | 11,863 | 11,863 | ||
| Funds |
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Hinchley Charitable Trust Report of the Trustees and Accounts for the year ended 30 June 2025
EXPENDITURE
| 4 Grants | 2025 | 2024 | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| Unrestricted | Endowment | Total | and total | ||
| Grants - Holistic Christian Mission in Communities | |||||
| A Rocha | 10,000 | 0 | 10,000 | 0 | |
| Growing Hope | 15,000 | 0 | 15,000 | 0 | |
| Karis Neighbour Scheme | 0 | 0 | 0 | 12,000 | |
| Orchards | 10,000 | 0 | 10,000 | 0 | |
| Parish Nursing Ministries UK | 7,000 | 0 | 7,000 | 10,000 | |
| Saltbox | 0 | 0 | 0 | 7,500 | |
| SAT-7 UK | 10,000 | 0 | 10,000 | 10,000 | |
| Willowfield Parish Community | 10,000 | 0 | 10,000 | 10,000 | |
| Association | |||||
| Total | 62,000 | 0 | 62,000 | 49,500 | |
| Grants – Christian Influence in the Public Sphere | |||||
| Christians in Parliament | 15,000 | 0 | 15,000 | 0 | |
| Christians in Politics | 10,000 | 0 | 10,000 | 10,000 | |
| Faraday Institute for Science and | 0 | 0 | 0 | 11,000 | |
| Religion | |||||
| Theos | 0 | 0 | 0 | 11,414 | |
| Total | 25,000 | 0 | 25,000 | 32,414 | |
| Grants – Equipping Christian Leaders | |||||
| Centre for Theology & | 0 | 0 | 0 | 7,500 | |
| Community | |||||
| Faraday Institute for Science | 11,000 | 0 | 11,000 | 0 | |
| and Religion | |||||
| New Wine Ireland | 0 | 0 | 0 | 5,000 | |
| Solomon Academic Trust | 0 | 0 | 0 | 10,000 | |
| Total | 11,000 | 0 | 11,000 | 22,500 | |
| Grants – Christian Youth Organisations | |||||
| acet UK (Esteem) | 0 | 0 | 0 | 10,000 | |
| Innovista International | 6,000 | 0 | 6,000 | 6,000 | |
| Mount Merrion | 7,500 | 0 | 7,500 | 0 | |
| PACE | 9,000 | 0 | 9,000 | 0 | |
| South West Youth Ministries | 0 | 0 | 0 | 10,000 | |
| Sports Chaplaincy | 0 | 0 | 0 | 5,000 | |
| Sutton Schools Work | 6,000 | 0 | 6,000 | 6,000 | |
| Thrive Youth Ministries | 10,000 | 0 | 10,000 | 6,000 | |
| Youthscape | 10,000 | 0 | 10,000 | 10,000 | |
| Total | 48,500 | 0 | 48,500 | 53,000 | |
| Total Grants | 146,500 | 0 | 146,500 | 157,414 | |
| 5 | Other Costs | ||||
| Charitable Activities – Support Costs | |||||
| Bank Charges | 60 | 0 | 60 | 60 | |
| Office Costs | 570 | 0 | 570 | 378 | |
| Staff Pay | 8,214 | 0 | 8,214 | 9,461 | |
| Subscriptions | 0 | 0 | 0 | 280 | |
| Travel | 0 | 0 | 0 | 42 | |
| Website & Publicity | 31 | 0 | 31 | 195 | |
| Total | 8,875 | 0 | 8,875 | 10,416 |
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Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
| Unrestricted | Endowment | 2025 Total | 2024 | |
|---|---|---|---|---|
| Governance costs | ||||
| Independent Examination Fees |
2,220 | 0 | 2,220 | 1,900 |
| Insurance | 186 | 0 | 186 | 164 |
| Trustee Travel | 891 | 0 | 891 | 1,252 |
| Trustee Meetings | 465 | 0 | 465 | 391 |
| Trustee Other Costs | 107 | 0 | 107 | 96 |
| Total | 3,869 | 0 | 3,869 | 3,803 |
| Total Other Costs | 12,744 | 0 | 12,744 | 14,219 |
| Activities Undertaken |
Grant Funding of Activities |
Support Costs | Total |
|---|---|---|---|
| Directly |
| Activities Undertaken Directly Grant Funding of Activities Support Costs Total |
|
|---|---|
| Analysis of Expenditure on 6 Charitable Activities Grant Making 7 Transfers Transfers between funds in Transfers between funds out Total |
0 146,500 8,874 155,374 |
| Unrestricted Endowment Total 2024 40,000 0 40,000 69,820 0 (40,000) (40,000) (69,820) 40,000 (40,000) 0 0 |
8 Trustee Remuneration and Expenses
No trustee received any remuneration during the period.7 trustees (2024: 6) were reimbursed expenses in the year totalling £1,065 (2024: £1,523).
9 Key Management and employees
Key Management Personnel include the Trustees and Senior Management. The total employee benefits of HCT's Key Management Personnel were £8,213 (2024 £9,461).
| Gross pay: | £7,791 |
|---|---|
| Employer NI: | £0 |
| Employer Pension contribution | £422 |
The Company Secretary is the only member of staff whose sole benefit is the salary shown above.
No individual received remuneration in excess of £60,000
10 Taxation
The charitable company is exempt from tax on its charitable activities.
16
Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
11 Fixed asset investments
2025
| At market value At 01 July 2024 Purchased at cost Sale proceeds Realised gain /loss on disposal Unrealised gain on revaluation Investment Management Fees Cash withdrawn Increase/(decrease) in cash held At 30 June 2025 Historical cost At 30 June 2025 Fixed asset investments At market value At 01 July 2023 Purchased at cost Sale proceeds Realised gain /loss on disposal Unrealised gain on revaluation Investment Management Fees Cash withdrawn Increase/(decrease) in cash held At 30 June 2024 Historical cost At 30 June 2024 |
£ Quoted investments 4,033,580 284,262 (357,449) (3,569) (46,499) 0 0 0 3,910,325 |
Cash 2,035 (284,262) 357,449 0 0 (12,383) (25,000) 745 38,584 |
Total 4,035,615 0 0 (3,569) (46,499} (12,383) (25,000) 745 3,948,909 |
|---|---|---|---|
| 3,271,811 2024 £ Quoted investments 3,699,470 876,931 (881,358) 48,324 290,213 0 0 0 4,033,580 |
Cash as restated 9,482 (876,931) 881,358 0 0 (11,863) 0 (11) 2,035 |
Total 3,708,952 0 0 48,324 290,213 (11,863) 0 (11) 4,035,615 |
|
| 3,291,669 |
17
Hinchley Charitable Trust
Report of the Trustees and Accounts for the year ended 30 June 2025
12. Cash at bank and in hand
| 12. Cash at bank and in hand |
|
|---|---|
| CafBank General CafBank Gold Total for Cash at bank and in hand 13. Debtors Amounts recoverable within 12 months Interest Accruals Loan to The Bridge Other Debtors Total for Debtors Amounts recoverable over 12 months Loan The Bridge Total for Debtors |
2025 2024 as restated 21,016 34,748 6,511 11,317 27,527 46,065 3,171 3,252 10,320 9,804 0 0 |
| 13,491 13,056 117,076 127,654 |
|
| 130,567 140,710 |
The loan to The Bridge is an interest free loan with an expected repayment by monthly instalments over 20 years from December 2021, although subject to a review after 5 years. The loan has been made in furtherance of the charity’s purposes.
| **14. ** | Creditors: Amounts falling due in one year | ||
|---|---|---|---|
| Accruals | (2,300) | (2,300) | |
| Other creditors | (818) | 0 | |
| Total for Creditors: Amounts falling due in one year | (3,118) | (2,300) |
15 Analysis of Net Assets between Funds
| 2025 | Unrestricted Endowment |
Total |
|---|---|---|
| Investments Current Assets Current Liabilities Total 2024 – as restated Total Investments Current assets Current liabilities |
0 3,948,909 15,286 142,808 (3,118) 0 |
3.948,909 158,094 (3,118) |
| 12,168 4,091,717 |
4,103,885 | |
| Unrestricted Endowment Fund 0 4,035,615 28,229 158,546 (2,300) 0 |
Total 4,035,615 186,775 (2,300) |
|
| 25,929 4,194,161 |
4,220,090 |
18
Hinchley Charitable Trust Report of the Trustees and Accounts for the year ended 30 June 2025
16 Summary of Fund movements
| 2025 General Endowment Total 2024 General Endowment Total |
Fund Fund balances balances brought carried forward Income Expenditure Gains/Losses Transfers forward 25,929 106,094 (159,855) 0 40,000 12,168 4,194,161 7 (12,383) (50,068) (40,000) 4,091,717 4,220,090 106,101 (172,238) (50,068) 0 4,103,885 Fund Fund balances balances brought forward Income Expenditure Gains/Losses Transfers carried forward 30,316 115,066 (171,633) 0 52,180 25,929 3,919,678 0 (11,863) 338,526 (52,180) 4,194,161 |
|---|---|
| 3,949,994 115,066 (183,496) 338,526 0 4,220,090 |
General Fund represents unrestricted funds.
Endowment Funds are the original endowment plus accumulated capital gains. The Endowment is expendable.
17 Related Party Transactions
No related party transactions have been noted during the year. All other transactions with Trustees have been noted at notes 7 and 8
18 Pensions
A pension has been set up through NEST to provide a pension for the Trust’s member of staff. The previous administrator chose not to join the scheme. The current administrator has joined the scheme. Contributions are 5% of gross pay for both employer and employee.
19 . Post Balance Sheet Events
None.
19