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2025-04-05-accounts

HASLUCK CHARITABLE TRUST

UNAUDITED REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

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HASLUCK CHARITABLE TRUST

CONTENTS

Page
Trust Information 1
Trustees’ Report 2-3
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Accounting Policies and
NotestotheFinancialStatements 7-11

HASLUCK CHARITABLE TRUST

TRUST INFORMATION

Trustees Matthew James Wakefield John Philip Billing Mark Kennedy Wheeler Principal address Rathbones Legal Services 30 Gresham Street London EC2V 7QN Charity Registration Number 1115323 Legal Advisor Rathbones Legal Services Limited 30 Gresham Street London EC2V 7QN Independent Examiner Alastair Duke PKF Littlejohn LLP Chartered Accountants 15 Westferry Circus Canary Wharf London E14 4HD Banker NatWest 40 High Street Rochester Kent ME1 1LR Investment Adviser Rathbones Investment Management Ltd 30 Gresham Street London EC2V 7QN

1

TRUSTEES’ REPORT

HASLUCK CHARITABLE TRUST

Introduction

The Trustees have pleasure in presenting their Annual Report and the Financial Statements of the Trust for the year ended 5 April 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice in preparing the annual report and financial statements of the charity.

History and Objects of the Charity

The Trustees hold both the capital and the income of the Trust Fund for the benefit of such exclusively charitable objects and purposes in any part of the world as the Trustees may, in their absolute discretion, think fit.

The Trustees allocate half the income received to eight charities, which are of particular interest to the settlor. The remaining monies are distributed to such charitable bodies as the Trustees decide. Distributions are generally made in January and July, although consideration is given to appeals received at other times of the year. Only successful applicants are notified of the Trustees’ decision. Certain charities are supported annually, although no commitment is given.

Public Benefit

The Trustees confirm that they have due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust's aims and objectives, and in planning future activities and setting donations to be made in the following year.

The Trustees support a number of charitable organisations, as shown within note 4 to the financial statements. The Trustees believe all the donations made are for the benefit of the public.

Achievements and performance

During the year, the Trustees have succeeded in making 25 grants (2024 — 60) totalling £99,000 (2024 - £140,000). The Trustees resolved to support 25 individual charities (2024 — 52) in the year. All the grant payments were to charitable institutions. The Trustees’ current policy is to make regular payments to eight charities with which they have long established connections.

Structure, governance and management

The Trust was set up by an individual for the support of such charitable objects as the Trustees decide in accordance with the law of England and Wales. The Governing Document of the Trust is the Trust Deed dated 6 March 2006.

The Trustees have power to appoint new trustees but the total number shall not exceed three.

At the Trustees’ meetings the Trustees agree the broad strategy for grant making, investment, risk management policies, reserves and performance.

Financial review

Total incoming resources were £155,913 (£187,763 in 2024), with £99,000 (£143,000 in 2024) being committed to charitable donations and £10,759 (£24,272 in 2024) to administrative expenses, resulting in net incoming resources before movements on investment assets of £46,154 (£20,491 in 2024) for the year.

The investment portfolio returned -0.7% (net of fees) from the 6 April 2024 to the year ending 5 April 2025, as compared to the ARC Charity Steady Growth which returned -0.8% over the period. As at 5 April 2025 the Charity’s portfolio was valued at £2,475,026 with gross annual income of £64,306 or 2.6%.

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The net movement of funds in the year also includes investment losses of £81,683 (gains of £166,802 in 2024).

2

HASLUCK CHARITABLE TRUST

TRUSTEES’ REPORT

Reserves policy

The Trustees’ policy is that the income generated from the Trust's investments is distributed in full, together with half of any further sums added by the settlor. However, as all funds are potentially available for distribution, the Trustees do not feel that they need to maintain a specific level of reserves.

Investment policy

The Trustees have the power to invest in such assets as they see fit.

The investment objective for the Charity is for a balance between longer-term capital growth as well as the underlying investment income, with a medium risk profile. The Trustees would not wish any single investment to exceed 25% of the portfolio, nor do they want more than 20% to be uninvested. In addition, the stockbrokers have been instructed not to make any direct investment in companies connected with tobacco or the arms trade.

Future plans

The future plans of the charity are to maintain growth in the value of the fund at least in line with the MSCI PIMFA Balanced TR, and to make distributions to as wide a range of good causes as possible.

Risk management

The Trustees have examined the strategic and operational risks which the Trust faces and confirm the steps that are appropriate to the Trust have been taken to mitigate these risks.

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity legislation and related regulations prescribe the manner in which the Trustees must prepare accounts for each financial year. In the preparation of these accounts, the Trustees have agreed to accept responsibility to ensure that accounts are prepared in accordance with the applicable legislation and regulations. In discharging their responsibilities, the Trustees have ensured that:

The Trustees are responsible for keeping proper financial records which disclose with reasonable accuracy, at any one time, the financial position of the Trust and enables them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and any other irregularities.

By Order of the Board of Trustees

Matthew James Wakefield Chairman

2026

3

REPORT OF THE INDEPENDENT EXAMINER

HASLUCK CHARITABLE TRUST

Independent Examiner’s report to the Trustees of the Hasluck Charitable Trust

| report to the charity trustees on my examination of the accounts of the charity (“the Trust”) for the year ended 5 April 2025, which are set out on pages 5 to 11.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts givea ‘true and fair view’ which is not a matter considered as part of an independent examination.

| 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.

Alastair Duke, FCA For and on behalf of PKF Littlejohn LLP Chartered Accountants

15 Westferry Circus Canary Wharf London E14 4HD

2026

4

HASLUCK CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 5 April 2025

Notes 2025 2024
£ £
Income from:
Donations 1 85,496 127,674
Investment income 2(a) 69,598 59,167
Bank interest income 2(b) 819 922
Total Income 155,913 187,763
Expenditure on:
Raising funds
Charitable activities
3
4
10,759
99,000
24,272
143,000
Total Expenditure 109,759 167,272
Net gains/(losses) on investment assets 7 (81,683) 166,802
Netmovement offunds (35,529) 187,293
Balance broughtforward at beginning ofyear 11 2,646,001 2,458,708
Balance carried forward atend ofyear 11 2,610,472 2,646,001
Allfundsheldareunrestricted.

The Trust had no gains and losses other than those noted above. All income is derived from continuing activities.

The accounting policies and notes on pages 7 to 11 form part of these Financial Statements.

5

HASLUCK CHARITABLE TRUST

BALANCE SHEET As at 5 April 2025

Notes Notes 2025 2024 2024
£ x = £
Fixed Assets
Investments 7 2,475,026 2,564,569
Current Assets
Debtors 8 34,419 17,807
Cash at bank and in hand 9 112,939 72,638
147,358 90,445
Less: Current Liabilities
Creditors: amounts falling due within one year 10 11,912 9,013
Net CurrentAssets 135,446 81,432
NetAssets 2,610,472 2,646,001
Represented by:
Unrestrictedfunds 2,610,472 2,646,001

The Financial Statements were approved and authorised for issue by the Trustees on 2026.

Matthew James Wakefield Trustee

John Philip Billin Trustee

The accounting policies and notes on pages 7 to 11 form part of these Financial Statements.

6

HASLUCK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 5 April 2025 ACCOUNTING POLICIES

General information and basis of preparation

The Hasluck Charitable Trust is a charity in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities surrounds grant giving to charitable organisations.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2019. The accounts (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 providea ‘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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Voluntary Income

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income, after any performance conditions have been met, when the amount can be measured reliably and when it is probable that the income will be received. Income from donations is recognised on receipt, unless there are conditions attached to the donation that require a level of performance before entitlement can be obtained. In this case income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Investment income

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends, recognised when received and interest recognised on a receivable basis. Income from corporate bonds is accrued at the coupon rate.

Resources Expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under the principal categories of Costs of Generating Funds and Charitable Activities rather than type of expense, in order to provide more useful information to users of the Financial Statements, as follows:

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HASLUCK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 5 April 2025

ACCOUNTING POLICIES (continued)

Investments

All quoted investments are stated at market value.

Unrealised and realised gains and losses on the investment portfolio are accounted for in the Statement of Financial Activities.

Foreign Currency Translation

Transactions in foreign currencies are translated at the exchange rate ruling on the date of the transaction. Monetary assets and liabilities in foreign currencies are translated into sterling at the rate of exchange at the balance sheet date.

Funds

The funds represented on the Balance Sheet are unrestricted funds, and can be used at the Trustees’ discretion for either capital or revenue purposes on any of the activities carried out by the Trust.

Taxation

The Trust is treated for tax purposes as a charity and is not liable to Income Tax on income derived from charitable activities. The Trust is not registered for VAT. All expenditure amounts in the Statement of Financial Activities (SOFA) are shown inclusive of VAT, where relevant.

Judgments and estimates

There are no significant judgments or estimates in the financial statements other than investments for which the policy has been disclosed.

Going concern

The entity is considered to be a going concern as a surplus has been made in the year and there are sufficient funds in place to meet liabilities for at least 12 months from the signing date.

==> picture [489 x 94] intentionally omitted <==

----- Start of picture text -----
2025 2024
1. Donations £ £
Donations 68,884 109,867
Tax refund under Gift Aid 16,612 17,807
85,496 127,674
----- End of picture text -----

==> picture [454 x 106] intentionally omitted <==

----- Start of picture text -----
2025 2024
Income £ £
Income receivable on securities:
Quoted on recognised UK and overseas Stock Exchanges 69,598 59,167
Interest on UK cash deposits: 819 922
----- End of picture text -----

  1. Investment Income

  2. a) Income receivable on securities:

b) Interest on UK cash deposits:

8

HASLUCK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 5 April 2025

2025 2024
3. Raising funds £ £
Administration fees - 11,046
Investment managementfees 7,859 10,326
Governance costs (note 5) 2,900 2,900
10,759 24,272
2025 2024
4. Charitable activities —grants to institutions £ £
Primary Beneficiaries:
International Fund forAnimal Welfare 8,500 9,000
The Royal National Lifeboat Institution 8,500 9,000
Barnardo's 8,500 9,000
Scope 8,500 9,000
Mrs R H Hotblack’s Michelham Priory Endowment Fund 8,500 9,000
The Riding forthe Disabled Association 8,500 9,000
Royal Society forthe Protection ofBirds 8,500 9,000
Macmillan Cancer Support 8,500 9,000
Other Beneficiaries:
Find your Feet 2,000 2,000
Trussel Trust 2,000 1,000
Disability Africa 2,000 -
TB Alert 2,000 -
Second Chance Medway
Medicinema
Mezi Foundation
2,000
2,000
2,000
-
-
-
The Felix Project 2,000 -
Lia'sWings 2,000 -
Sense 2,000 -
Cardiac Risk Young 2,000 -
Dolphin Society 2,000 .
Children Hearts UK 2,000 -
East Africa Childrens Project 2,000 -
The Death Penalty Project 1,000 1,000
Rural Coffee Caravan 1,000 1,000
Freedom Kit Bags
FareShare
MACS
1,000
-
-
1,000
2,000
2,000
Lullaby Trust - 2,000
Housing Matters - 2,000
London Youth
Legs4Africa
-
-
2,000
2,000
Brain Tumour Charity - 2,000
African Revival
Prevent2Protect
Corbenic Camphill Community
-
-
-
2,000
2,000
2,000
Disability Resource Centre - 2,000
Family Holiday Charity - 2,000
Whirlow Hall Farm Trust - 2,000
Retina UK . 2,000
Intouch - 2,000
Dementia Support - 2,000
Freedom from Torture - 2,000
Hearing Dogs for DeafPeople
Whoopsadaisy
Disabled Sailors Association
.
-
-
2,000
2,000
2,000
Mentoring Plus
Saffron
-
-
2,000
2,000

9

NOTES TO THE FINANCIAL STATEMENTS Year ended 5 April 2025

HASLUCK CHARITABLE TRUST

2025 2024
4. Charitable activities — grants to institutions (continued) £ £
Wateraid
Pintsize Theatre Community
-
-
2,000
1,000
The Shuttlewood Clarke Foundation - 1,000
Disabled Workers Co-Operative - 1,000
Safety Net (UK) - 1,000
Place2Be - 1,000
PHASE Worldwide - 1,000
Pintsize Theatre Community - 1,000
The Shuttlewood Clarke Foundation - 1,000
Disabled Workers Co-Operative - 1,000
Safety Net (UK) - 1,000
Place2Be - 1,000
PHASE Worldwide
Re-cycle
Fat Macy’s Foundation
-
-
-
1,000
1,000
1,000
Safe & Sound Group - 1,000
Doctors ofthe World UK - 1,000
Spinal Research - 1,000
Right to Play - 1,000
Off the Streets - 1,000
The Stroke Association - 1,000
Cruse Bereavement - 1,000
ADD International - 1,000
Kent AirAmbulance Trust - 1,000
Aquabox
Village-by-Village
-
-
1,000
1,000
Total grants - 99,000 140,000
2025 2024
5. Governance Costs £ £
Independentexaminer'sfee 2,900 2,900

6. Trustees, Employees and Related Party Transactions

The Trustees were not remunerated nor reimbursed any expenses during the year.

There were no employees of the charity in the year.

M J Wakefield is a Director of Rathbones Legal Services, which provides professional services to the Hasluck Charitable Trust. The fees incurred and paid during the year totalled £nil (2024 - £11,046). No fees were outstanding at the year end.

10

HASLUCK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 5 April 2025

7. Fixed Asset Investments 2025 2024
£ £
Market value at beginning ofyear 2,561,608 2,303,614
Additions - 2,367,827
Disposals (4,963) (2,276,635)
Realised and unrealised gains/(losses) (81,683) 166,802
Market value atend ofyear 2,474,962 2,561,608
Cash held as part ofinvestment portfolio 64 2,961
Investments atValuation 2,475,026 2,564,569
Investments at historic cost 2,354,359 2,410,968
2025 2024
8. Debtors £ £
Gift Aid tax reliefand tax recoverable 34,419 17,807
34,419 17,807
2025 2024
9. Cash at Bank £ £
NatWest current account 94,372 55,764
Rathbones Client account 18,567 16,874
112,939 72,638
2025 2024
10. Creditors: amounts falling due within one year £ £
Accruals 9,806 6,907
Other creditors 2,106 2,106
11,912 9,013

11

TO BE PRINTED ON YOUR LETTERHEAD

PKF Littlejohn LLP

Date

15 Westferry Circus Canary Wharf

London E14 4HD

For the attention of Alastair Duke

Dear Sirs

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity's financial statements for the year ended 5 April 2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

Assets and liabilities

Accounting estimates

Legal claims

Laws and regulations

Related parties

Subsequent events

Going concern

Grants and donations

Specific representations

Yours faithfully

Signed on behalf of the board of trustees

Date: