Halcrow Foundation Annual report 2022 foundation crow HaLcrow Foundation.. Company registration number 05593409
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Halcrow Foundation @HalcrowFNDN Halcrow Foundation
www.halcrowfoundation.org
CONTENTS
Statement from the chair of trustees............................. 5 Our approach – what we do and who we help.............. 6 Our purpose.................................................................... 8 Our origins....................................................................... 10 Projects and partnerships.............................................. 12 2022 highlights............................................................... 16 Strategy – review and looking forward.......................... 22 Our funding..................................................................... 24 The board of trustees..................................................... 26 Reference and administrative details............................ 27 Statement of trustees’ responsibilities.......................... 28 Independent examiner’s report..................................... 31 Financial report.............................................................. 32
Cover: Women who worked as manual scavengers in Madhya Pradesh, India, retrained as skilled garment makers with Karuna Trust and Jan Sahas. They have now earned a reputation for reliability and quality.
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“ The foundation is a legacy of the kindness and generosity of Halcrow employees
WELCOME TO THE HALCROW FOUNDATION
Our vision is a world where all people have the means to enjoy a decent quality of life, free from oppression and poverty. A place where everyone can access safe water, healthcare, education and opportunities to sustain themselves, while living a fulfilling life.
In 2022, rising food and energy prices and the ongoing war in Ukraine affected people around the world, making it a challenging year for many. The impact on global stock markets also affected our fund, so we took a cautious approach to working with new delivery partners while reviewing our funding strategy. We continued to support projects with existing partners however and increased our spending by 60 per cent.
During the year, we also reviewed our investment policy to ensure it matches our aims and purposes as a charity by adhering to environmental, social and governance (ESG) guidelines. This was a significant task that involved collaborating with an independent financial advisor and our fund manager. We also joined the Association of Charitable Foundations which allows us to network with other charities and opens the door to possible funding partnerships.
In 2022, Halcrow Foundation continued to maintain the legacy of Halcrow, which was one of the world’s leading engineering consultants for more than 140 years. Its employees’ response to the Asian tsunami on Boxing Day 2004 and their clear desire to help those in need sparked the creation of the foundation. Since then, we have spent more than £2.5 million on projects in Asia, Africa, and the UK, while an estimated 193,000 people have directly benefited from our support. A further 537,000 family and community members have benefited indirectly.
This report highlights some of the life-changing projects we supported in 2022 and illustrates how we are working towards our vision. We continue to build partnerships with like-minded people and organisations that share our values, and aim to bring lasting benefits to at least 4,000 people each year. However we have greatly exceeded this number in 2022. Read how we achieved this in the report.
David Kerr
Chair, Halcrow Foundation
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WHAT WE DO
Working in partnership with other charitable organisations, we provide financial resources to grassroots projects that make a tangible and lasting improvement to the lives of people suffering acute hardship.
Our efforts and resources are focused on where we can make a real difference. Our projects work towards providing support that enables and empowers people to transform their lives by removing constraints and opening opportunities that were previously unreachable.
We focus our funding on projects that:
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Improve access to education, healthcare and safe water by developing local community infrastructure
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Increase household food, health and income security by supporting livelihood development
We do this in those communities where the foundation has the support of local organisations that are well placed to understand the needs of the people and deliver appropriate solutions.
- Bring sustainable, transformative change to communities by improving people’s standard of living as well as their social and emotional wellbeing. We don’t provide emergency aid.
WHO WE HELP
We work in the UK and selected countries in Africa and Asia focusing on areas where need is most evident and we can ensure effective governance.
The foundation supports projects in these regions where we have trusted contacts or delivery partners, or where our funding partners have a presence.
Since the creation of the charity, our work has included a huge range of projects, supporting people around the world. More recently, our focus has been increasingly on empowering lives and transforming communities in the three target regions.
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ASIA
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Completing a project with Karuna Trust which creates financial security for women and their families in India. See p20.
UK Supporting the Prison Phoenix Trust to run yoga classes and help young offenders practice yoga and meditation in their cells.
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AFRICA
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A new playground at Baraka Community Partnerships’ learning centre in Zambia helps children learn through play. See p16.
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ABOUT THE HALCROW FOUNDATION
OUR PURPOSE
Empowering lives, transforming communities
Our purpose is to bring transformative and sustainable improvement to the lives of people in need, nurturing resilient, prosperous communities. We are an agent for change, an enabler for good.
CARE: We care about people in need who are rooted in poverty and lack opportunity to change their lives.
EMPOWERMENT: We
work to enable people to help themselves, focusing on grassroots projects.
TRUST: We always deliver on our commitments.
EQUALITY: We believe in the right of all people to fair and equal treatment. We use transparent processes and only work with partners with similar values.
SUSTAINABILITY: We offer
more than short-term financial assistance to alleviate poverty. Our projects enable beneficiaries to provide for themselves over the longer term.
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Our funding helps volunteers with experience of homelessness in the UK use their skills and knowledge to support others, as part of Groundswell’s Peer Progression Programme.
OUR FORMAL OBJECTS
The Halcrow Foundation is a charitable company limited by guarantee incorporated in England and Wales on 14 October 2005 and registered as a charity on 9 August 2006.
The charitable 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. These were amended on 24 July 2006 to update the charity’s objects to include:
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The relief of poverty and communities anywhere in the world who are suffering hardship as a result of drought, earthquake, flood or any other disaster, or who by reason of their social and economic conditions are in need of assistance.
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The relief of sickness, hardship and distress, particularly by the development of education, health and other social services, the improvement of transport infrastructure, water supplies and other communal facilities and the promotion of self-help activities amongst those people or communities.
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OUR ORIGINS
The Halcrow Foundation, an independent charity, is a legacy of the generosity and kindness of employees at Halcrow. Their response to the Asian tsunami on Boxing Day 2004 was the spark that led to its creation.
Employees across the company were deeply affected by the devastation and loss of life, and came together to raise funds to help the victims.
Using the company’s detailed knowledge of the affected areas, a small team was able to ensure the large sums raised supported communities in Indonesia and Sri Lanka where it was needed most, helping people to rebuild their lives.
The success of these early projects inspired the formal establishment of the Halcrow Foundation in 2005 as an independent charity. In these early years, the foundation was largely funded by a proportion of Halcrow profits as well as employee contributions. This allowed us to extend our support to projects in Africa and the UK.
Halcrow was sold in 2011. The Halcrow Trust, a major shareholder in the company, was the main beneficiary of the sale. After the majority of proceeds had been distributed to Halcrow employees, the trust asked the Halcrow Foundation to propose how it could use the remainder in a way that reflected Halcrow’s stated purpose: sustaining and improving the quality of people’s lives.
Rising to that challenge, the foundation made its proposal and secured the funds. This gives us the firm financial footing we need to continue the foundation’s work long into the future. And so, 150 years on from the birth of the company whose name it took, the Halcrow Foundation is proudly preserving the legacy of one of the UK’s great engineering consultancies and the spirit of its people.
Halcrow’s history
Established in 1868, Halcrow’s origins were in civil engineering for port, maritime and railway projects in the north of England, Wales and Scotland. It won its first overseas commission in the 1890s.
In the first half of the 20th century, the business expanded into tunnelling and hydroelectric schemes, such as a 24km-long tunnel through the Ben Nevis massif and air raid shelters beneath London
Underground stations. Later it moved into structural engineering, water management and consulting for infrastructure projects.
At its peak, Halcrow was working in over 70 countries from a network of more than 90 offices. Its projects were as diverse as the Channel Tunnel rail link, which carries the Eurostar to Paris, Toronto’s Pearson Airport and the Chongzun Expressway in China.
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A group of farmers learn to mix organic compost as part
of Tiyeni Fund’s Emsizini Hotspot Programme in Malawi.
Credit: Alan Dixon
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Women who learned garment making skills through our
project with Karuna Trust in India are now able to support
and train others.
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PROJECTS AND
PARTNERSHIPS
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The Halcrow Foundation seeks to preserve the legacy of Halcrow, one of the UK’s greatest engineering consultancies, by applying a disciplined and project-orientated mindset to all of our work.
We build partnerships with like-minded people and organisations that share the same values and enthusiasm for helping others.
Since 2004, more than £2.5 million has been spent on 147 sustainable education, health and welfare and income security projects in the UK and countries in Asia and Africa. This money has directly benefitted 193,000 people, and indirectly benefitted an estimated 530,000.
Delivery partners
Our delivery partners are charities that we work with. Usually headquartered in the UK, these charities operate at a local, grassroots level in our target regions. They are responsible for the design, delivery and supervision of a project. We have robust monitoring, evaluation and reporting measures in place to ensure these projects are run effectively.
Funding partners
We also work with funding partners that bring together multiple grantmaking bodies as co-funders. This can leverage funds and resources to maximise a project’s impact.
Funders
The main source of income for the Halcrow Foundation is from its
investment of the Halcrow Trust legacy funds. However other organisations can also commit funds to the Halcrow Foundation or to a specified project without being directly involved in its management. We also have a small number of much-valued private doners.
Community members and staff celebrate the opening of a community health centre in Zambia, built by Build It International.
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Funding and delivery partners
The power of partnership drives everything we do. Here are some of the trusted and inspiring partners we’ve worked with in 2022.
Karuna Trust
We’ve supported Karuna Trust, a charity that works with excluded communities in South Asia, since 2017. We began by funding a project that helps women who work as manual scavengers in Madhya Pradesh, India. The project has set up a marketing company and teaches the women garment making skills which gives them better job opportunities, financial security and a sense of dignity within their communities. We’ve continued our partnership in 2022 by funding a project that helps flood-prone communities in India.
Build It International
Our partnership with Build It International is helping to build brighter futures in Zambia. The charity creates opportunities for young people through skills training and work experience as well as building community projects. We’ve supported Build It International since 2019, funding toilet facilities that encourage girls to stay in school, teachers houses and hand-washing stations during the Covid-19 pandemic. Following the success of of these projects we co-funded the rebuild of a busy community clinic in 2022 which helps 30,000 people access better healthcare.
Prison Phoenix Trust
We’ve worked with this UK charity since 2018, supporting projects that help young offenders deal better with life outside of the prison walls. The Prison Phoenix Trust works in more than 200 prisons and young offender institutions in the UK and Ireland, teaching yoga and meditation through workshops, correspondence, books and newsletters. Our funding supports people aged 18 to 24 years, helping them improve their mental health by learning to relax and reduce stress and anxiety while living in a crowded, restricted environment.
Tiyeni Fund
This UK-based charity combats hunger and poverty in Malawi through soil and water conservation. We’ve supported Tiyeni since 2018, funding training programmes that teach farmers a sustainable farming method called deep bed farming. Unlike traditional methods, this reduces soil erosion and can also double the crop yield. The project outcomes are so impressive that we’ve continued our funding which provides more training tools and equipment and helps people develop a livelihood. As the training is implemented in groups it also strengthens the community.
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PROJECTS AND PARTNERSHIPS
United Nations Sustainable Development Goals
The United Nations Sustainable Development Goals are a call for action by all countries to promote prosperity while protecting the planet. They recognise that ending poverty must go hand-in-hand with strategies that build economic growth and address a range of social needs including education, health, social protection, and job opportunities, while tackling climate change and environmental protection. Halcrow Foundation is funding projects that align with the following goals.
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2022 HIGHLIGHTS
Awards granted totalled £203,367, which included:
These projects represent:
Equality in Tourism – Strengthening women-owned farming businesses, Tanzania. £15,000 Swindon Domestic Abuse Support Service – Women’s refuge support, UK. £30,000 British Asian Trust – Innovative finance project, Pakistan. £50,000 Baraka Community Partnerships – Upgrading a community learning centre, Zambia. £10,400 Karuna Trust – Disaster risk planning, India. £18,000 Build It International – Rebuilding a community health clinic, Zambia. £25,000 Eva Reckitt Trust – Humanitarian aid after flooding, Sri Lanka. £1,000 Savera Association – Funding doctors’ salaries, India. £42,000
Prison Phoenix Trust – Yoga co-ordinator in young offender institutions, UK. £11,967
£10,400 spent on education, adding classrooms, an outdoor kitchen and playground to a learning centre in rural Zambia which welcomes 100 people every day from surrounding villages.
£126,967 on health and welfare, including helping to rebuild a clinic in Zambia which benefits 30,000 people. It now has separate wards for men, women and children and better sanitation facilities.
£66,000 on food and income security, including supporting a project that trains 100 women in Tanzania in farming techniques and land rights, giving them a stronger collective voice in the food markets.
Ongoing projects in 2022:
Karuna Trust – Liberation of women working as manual scavengers in Madhya Pradesh, India. EDA-Ethiopia – Entoto water supply project, Ethiopia. Groundswell – Progression programme: Building livelihoods, UK. Swindon Domestic Abuse Support Service – Women’s refuge support, UK. SEED – Special educational needs support and units, Sri Lanka. Transform Trade – Women-led community organisation in West Bengal, India. SPEAR – Community development and innovations team, UK. Tiyeni Fund – Emsizini Hotspot Programme, Malawi. Zambia Orphans Aid – Chibolya Community School fish farm, Zambia.
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EDUCATION
2022 HIGHLIGHTS
Empowering lives through learning
Fish farming in Zambia
rich food will improve pupil attendance as well as academic performance.
Halcrow Foundation supported a project by Zambia Orphans Aid to build a fish farm at a community school in Mazabuka District in Zambia. This involved building and stocking a fishpond that now feeds more than 600 vulnerable children who attend the school.
The fishpond measures 20 by 30 metres and was dug by local people, which created employment. After being lined with plastic sheeting the pond was filled with water from boreholes. A wire fence was built around it for safety and a disinfection facility installed by the gate. The farm will provide 7,000 fish per year to feed the children and provide income to pay for running costs and more fish. School staff report that the project has been so successful they plan to farm animals too.
In Zambia, more than 40 percent of its nearly 16 million citizens live in extreme poverty. Many children live in households run by grandparents or children and survive on less than £1.50 a day. Education can be a pathway out of poverty for many, and the school hopes the protein-
The fish farm will provide 7,000 fish per year.
Opening up education in Zambia
Halcrow Foundation has been supporting Baraka Community Partnerships since 2018. During this time, we’ve funded the building of a new learning centre in rural Zambia which gives children from 25 schools in the Kapiri Mposhi District access to a wide range of free classes, as well as providing workshops for adults. In 2022, we supported a project that opens the learning centre up to more families by adding learning areas, extending the playground and sandpit, and building an outdoor kitchen. This enabled the centre to expand its offering and achieve around 20,000 visits during the year.
The Zambian government recently introduced a policy that makes education free for all children. While more children are going to school, the schools don’t always have the resources to teach them. This makes the learning centre even more valuable to the local community. Our funding paid for a new outdoor library area, which is also used as a stage by the dance club and drew 500 people to its talent show. The new outdoor kitchen means the Baraka team can run cooking workshops where adults are taught kitchen hygiene, recipes and environmentally friendly cooking methods. The project also added a basket swing, sandpit and fencing to the playground which is used for sports and exercise classes. This brings more families to the centre where they can discover the wide range of lessons and activities on offer.
A painting lesson in the new outdoor library area.
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2022 HIGHLIGHTS
HEALTH AND WELFARE
Improving the quality of people’s lives
Caption “ Before the building behind there was squeezed but now we have enough space to do our activities. We are very happy.”
Matimba Mweemba MCH Nurse at Libuyu Health Centre.
Improving healthcare in Zambia
Halcrow Foundation has worked with Build It International since 2019, supporting education and sanitation projects in Zambia. In 2022 we helped rebuild the Libuyu Health Centre in Livingstone, Zambia. Before the project, the centre was in a run-down state and deteriorating fast. Its buildings were not fit for purpose and some sections were over 30 years old. The number of patients has risen dramatically over the years and healthcare services, including maternity, were squeezed into cramped facilities that offered little privacy. Following the success of our past projects with Build It International, we agreed to help the UK-based charity rebuild the centre by funding a safe, watertight roof.
The facility serves 30,000 people from the Libuyu community and surrounding areas, and staff had to ensure the delivery of vital healthcare services continued during the large-scale project. Our funds paid for removing the old roof, which was in a very poor condition, and replacing it with a new one. This had to be done in sections during the dry seasons and included new trusses and sheeting as well as ceiling boards across the entire building. After the project, the health centre has new consultancy, treatment and examination rooms; laboratories; pharmacy space; separate wards for men, women and children, and sanitation facilities including upgraded toilets and showers.
Supporting vulnerable communities in India
Savera Medical centre in Delhi, India, looks after up to 95,000 people who live in five slum dwellings in the south of the city. These are homes to migrant labourers from other states including Uttar Pradesh, Bihar, West Bengal and Bangladesh. Most work as rickshaw drivers, street sellers, rag pickers and scrap dealers, and are among the poorest people in the world living on less than US$2 per day.
We’ve supported Savera Association for many years. After its clinic fell into disrepair during the Covid-19 pandemic, we provided emergency funding to make the building fit for purpose again. In 2022 we also agreed to fund the salaries of two doctors who, along with other healthcare staff, can treat up to 100 patients per day. They provide a range of free healthcare serves including eye and gynaecology clinics, health checkups for school children, as well as health talks and outpatient visits to the slum dwellings.
Health centre staff treat up to 100 patients a day.
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INCOME SECURITY
2022 HIGHLIGHTS
Nurturing resilient, prosperous communities
Helping women farmers in Tanzania
In 2022, we helped women farmers in Tanzania boost their financial security by supporting a project that connects the lucrative Kilimanjaro tourism industry with subsistence farmers. These are farmers who rely on manual farming methods and rainfall to grow their crops.
Traditionally, the farmers must compete in local markets to sell their produce to dealers at very low prices. These are then sold on to hotels that support the Mount Kilimanjaro climbing and safari markets. The UK-based charity Equality in Tourism has trained 120 women in better farming and business practices, and understanding their legal and land rights. These women have created the WAMBOMA Co-operative: Women Farming for their Future, which gives them more opportunities to set up successful
farm businesses and benefit from group savings and loan schemes. It also gives the women a stronger collective voice in the food markets. When hotels closed during the Covid-19 pandemic, the women showed resilience by adapting their businesses to market and sell products online. They also shared their knowledge so that women from other areas benefited from their experience.
Halcrow Foundation worked in a funding partnership on this project with the Eva Reckitt Trust to pay for the project’s training and running costs, and equipment for storing and transporting produce.
The project has trained 120 women in better farming and business practices and understanding their legal and land rights.
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2022 HIGHLIGHTS
INCOME SECURITY
Supporting people out of homelessness in the UK
Supporting staff and volunteers to deliver health services.
We continued our funding of Groundswell’s Peer Progression Programme which supports staff and volunteers to deliver health services to people in the UK without a home.
Studies show that by the end of 2022, at least 271,000 people were homeless or living in temporary accommodation in England. Groundswell enables people with experience of homelessness (peers) to use their valuable knowledge and understanding to help others who are still without a home. In this way they are contributing to society while moving on with their own lives. Our funding supports a threeyear programme that focuses on progression, good health and creating change. It aims to give peers the confidence, skills and knowledge to identify their goals, and understand and overcome the barriers that stop them achieving them. Miles is a volunteer who benefits from the Peer Progression Programme. He says, “Homelessness is about not having a safe space – it’s a very isolating life. You exist, you don’t live. Groundswell helps to give a voice to people who have experienced homelessness.”
“ Our funding in 2022 paid for the progression manager’s salary as well as project costs to support 100 people over three years. Many Groundswell volunteers move on to jobs including nurses, carers, interpreters or support workers. Groundswell says, “People come to Groundswell at a variety of stages on their journey out of homelessness. Too often systemic problems (online forms for benefit applications, rogue landlords) are preventing people from progressing – that’s why the Progression Programme is essential.”
Supporting staff and volunteers to deliver health services.
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2022 HIGHLIGHTS
MY STORY
Empowering women in India
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Enterprise earns community respect
Manual scavenging is a demeaning and poorly paid job in India. It involves cleaning latrines and carrying the excrement to disposal centres. As well as huge risks to the women’s health, it carries the stigma of untouchability. This is when someone who is considered to be low caste faces social exclusion and limited access to basic services such as education and employment. Not only do these women face discrimination, their children do too.
We were manual scavengers. This project gave us hope to get out of the work we were doing. Jan Sahas weaved a dream into each one of us that if we try, we can get out of untouchability and build a different world of our own.”
(Chamanbi – Project Participant and Steering Committee Member)
In 2022, a women’s empowerment project we have helped to fund for five years was completed. Run by our delivery partner Karuna Trust and NGO Jan Sahas, the project retrained 2,560 women in Madhya Pradesh who used to work as manual scavengers. They are now skilled garment makers with the knowledge and confidence to build their own businesses, and have achieved a tenfold increase in their monthly earnings.
“I am so proud of the change, now the higher caste people come home, sit with us and we have tea together and we are free from the pain of untouchability and have earned respect. Families have a
dream for their children and want them to continue their education for a better future.”
Many of the women now work in collective sewing centres or on machines at home. Despite challenges such as Covid-19 lockdowns and rising government taxes, their businesses have flourished and they’ve earned a reputation for reliability and quality. Many also train other women, and 15 have put themselves forward as candidates in local elections. The enterprise was formally handed over to a committee of 11 women, with some ongoing support from Jan Sahas.
(Avantha Nagori - Project Participant and Steering Committee Member)
The project has not only created financial security for the women and their families but also, most importantly, given them a sense of dignity and acceptance. Karuna reported that the women’s improved status within their communities has eroded caste-based practices and exclusion, bringing transformative change for the next generation.
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The project run by Karuna Trust and Jan Sahas has enabled women who used to work in dangerous, poorly paid jobs to earn respect from their communities and achieve a tenfold increase in their monthly wages.
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STRATEGY CURRENT GOALS
1. 2.
Develop a varied portfolio of projects that focus on local community infrastructure and livelihood development, with a balance between target regions in Africa, Asia and the UK.
Spend the income earned from our investments on projects that meet our criteria, in line with our disbursement policy.
Progress report:
Progress report:
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Our commitments were spread across our target regions with Asia attracting 55 per cent of funding, Africa 25 per cent and UK 20 per cent. New livelihood projects (73 per cent) dominated community infrastructure.
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We are reviewing our funding and disbursement policies and have agreed not to take on new delivery partners until these are in place. However we have continued supporting projects with existing partners and increased our funding by 60 per cent in 2022.
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Limits on annual funding commitments ensure the foundation does not erode the long-term value of its investment funds.
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• This year our budget for new funding commitments was set at £275,000; actual commitments were £203,367. This compares favourably with our annual average commitments since 2016 of £203,000, due to the impact of the recent global downturn on the value of investments.
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The value of assets remains comfortably above the minimum target value.
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Our monitoring system shows that we are achieving greater value for money from projects, with an average cost per beneficiary of £15.50 in 2022. This compares to £32 per beneficiary in 2020 before the system was in place.
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3. 4. Partnerships – secure at least one more funding partnership.
Create a structured succession plan and recruit two new trustees to the board, to bring greater diversity with complementary knowledge and skills.
Progress report:
- The foundation has identified that its partnerships are in both funding and delivery and sit alongside project-focused activities. Partnerships enable the foundation to be proactive in how we help the beneficiaries of those partnerships.
Progress report:
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The trustees are focusing on formal succession planning, balancing engagement with the foundation’s community, funding strategy and how to strengthen the organisation.
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The trustees are undertaking a research exercise to identify and secure additional funding partners.
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The foundation is in the process of reengaging with former Halcrow employees and others, as a potential community of supporters, with some positive feedback to date. As volunteers, any future trustees do not have to be former Halcrow employees, it is more important that they have the required skills, experience and commitment.
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The foundation has several successful delivery partnerships in place with charities including Baraka Community Partnerships, SEED and Swindon Domestic Abuse Support Service.
Looking forward
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The operational plan states our aim is to benefit at least 4,000 people per year, and we aim to increase this commitment next year. The trustees have introduced new measures to monitor commitments, and as a result can measure and record overall benefits from the foundation’s work.
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The trustees have reviewed the foundation’s strategy to prioritise funding and meet competing demands, and created a strategy and action plan to cover 2023-2025.
• The trustees are reviewing the investment policy to ensure it adheres to environmental, social and governance (ESG) guidelines so that our investment policy matches our aims and purpose as a charity.
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In the UK, we committed to two new UK projects in 2022, and aim to give greater focus to our work in this country.
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In Africa, our focus will be building on our existing projects and connections in Zambia and Malawi and continuing our work in Ethiopia, subject to the ongoing military conflict.
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In Asia, we have agreed to fund an innovative new project in Pakistan with British Asian Trust and have continued our support for partners including Savera Association and Karuna Trust.
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OUR FUNDING
The main source of income for the Halcrow Foundation is from its investments, primarily these have been funded by a legacy from the Halcrow Trust.
In addition, other organisations can commit funds to the Halcrow Foundation or to a specified project without being directly involved in its implementation or management. There are also a small number of private donors who are exHalcrow employees who have supported us for many years.
The investment income was £187,991, an increase of £25,806 from the year before when investments globally had seen a downturn in return. The value of our investment fell due to a negative revaluation of £713,259 which contrasts with a valuation gain of £521,325 in 2021.
Despite the downward pressures on the foundation’s investments due to worldwide economic factors and the lingering impacts of the global pandemic, we have maintained a robust approach to funding projects across our target areas of Asia, Africa and UK during 2022. While we were cautious about working with new partners, we still increased our spending by 60 per cent and the value of new commitments was up by £76,373 compared to 2021.
Financial review for 2022
Incoming resources in 2022 were £187,991 compared to £163,282 in 2021.
New grants of £203,367 were awarded during 2022, which is a 60 per cent increase on the year before. Grant payments of £208,188 were made during the year, of which £98,688 related to existing projects.
The net expenditure of £41,370 plus investment losses of £717,527 has contributed to a decrease in funds of £758,897.
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2022 IN NUMBERS
£203,367 10,398 18 number value of number of projects projects of direct beneficiaries
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Education projects £10,400 benefiting 13,000+ people
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Food and income security improvements £66,000 benefiting 18,000+ people
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Health and welfare programmes £127,000 benefiting 13,000+ people
*directly and indirectly
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THE BOARD OF TRUSTEES
Contact us:
Email the Halcrow Foundation representative using this format:
Email: firstname.surname@ halcrowfoundation.org
Our team
Our board of trustees is made up of former Halcrow employees, with a broad mix of skills relating to development projects throughout the world. Most have been involved with the foundation from the very start in early 2005.
The board meets six to eight times a year and gives detailed consideration to monitoring the progress of the charity in achieving its performance and quality objectives. This includes reporting on returns from investments, grant strategies, approving grant applications, as well as the identification and management of risk.
We have reviewed hundreds of grant applications and carefully select projects that fulfil our objectives and are both measurable and sustainable.
We are privileged to be able to volunteer our time and skills to ensure the work of the Halcrow Foundation continues.
David Kerr, Chair and Trustee James Billinghurst, Trustee Anna Mann, Trustee Malcolm Wallace, Trustee Andrew Yeoward, Trustee
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GOVERNANCE
The board of trustees has put in place a range of policies and operational documents alongside its overall plan to ensure that its governance is robust. Through these and its annual financial reporting, the foundation maintains a high level of diligence and transparency.
Public benefit
The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charities Commission in exercising their powers and duties.
Reference and administrative details
Trustees (directors)
James Billinghurst David Kerr Anna Mann Malcolm Wallace Andrew Yeoward
Chair of trustees
David Kerr
Finance director
James Billinghurst
Communications
Lucy Mason
Associate
Clare Dorey
Registered office
11 Fielding Road Chiswick London W4 1HP
Bankers
CAF Bank Ltd 25 Kings Avenue West Malling Kent ME19 4JQ
Redwood Bank The Nexus Building Broadway Letchworth Garden City SG6 3TA
Listed investment managers
Rathbone Investment Management Limited Port of Liverpool Building, Pier Head Liverpool L3 1NW
Independent examiner
Woodward Hale 38 Dollar Street Cirencester Gloucestershire GL7 2AN
Charity registration number
1115729
Website
halcrowfoundation.org
Company registration number
05593409
Halcrow Foundation: Company registration number 05593409 27
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees (who are also the directors of the Halcrow Foundation for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of 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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select suitable accounting policies and apply them consistently
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observe the methods and principals in the Charities SORP
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make judgements and estimates that are reasonable and prudent
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the accounts 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.
The trustees are also responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.
Approved by the trustees on 1 September 2023 and signed on their behalf by:
David Kerr Chair of trustees
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state whether applicable UK accounting standards have been followed, subject to any departures disclosed and explained in the financial statements, and
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prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
28 Halcrow Foundation: Company registration number 05593409
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Communities learn sustainable farming
techniques as part of Tiyeni Fund’s
Emsizini Hotspot Programme in Malawi.
Credit: Alan Dixon
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----- Start of picture text -----
Communities in flood-prone areas
in India benefit from a disaster relief
programme through our pilot project
with Karuna Trust.
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Halcrow Foundation: Company registration number 05593409
29
HALCROW FOUNDATION FINANCIAL REPORT 30 Halcrow Foundation: Company registration number 05593409
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE HALCROW FOUNDATION
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2022.
This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity’s trustees of the company (who are also the directors of the company 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”).
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 the accounts have not been prepared in accordance with the Charities SORP (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.
Having satisfied myself that the accounts of the company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as 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.
Name: Vincent Cowling
Relevant professional qualification or body:
ICAEW
Address: Woodward Hale, 38 Dollar Street, Cirencester, Gloucestershire, GL7 2AN
Date: 8 September 2023
Halcrow Foundation: Company registration number 05593409 31
HALCROW FOUNDATION FINANCIAL REPORT
Statement of financial activities (including income and expenditure account) for the year ended 31 December 2022
| Unrestricted funds | Unrestricted funds | Unrestricted funds | Unrestricted funds | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations | 1,002 | 1,097 | |||
| Investments | |||||
| Dividends and similar distributions | 187,667 | 161,942 | |||
| Interest receivable | 324 | 187,991 | 243 | 162,185 | |
| Total | 188,993 | 163,282 | |||
| Expenditure on: | |||||
| Raising funds | |||||
| Investment management costs | 3 | 11,986 | 12,902 | ||
| Charitable activities | |||||
| Grants awarded | 5 | 203,367 | 126,994 | ||
| Grants cancelled | - | (164,500) | |||
| Support costs | 4 | 15,010 | 218,377 | 14,475 | (23,031) |
| Total | 230,363 | (10,129) | |||
| Net income/(expenditure) before | |||||
| gains on investments | (41,370) | 173,411 | |||
| Net gains/(losses) on investments | (717,527) | 521,325 | |||
| Net movement in funds | (758,897) | 694,736 | |||
| Reconciliation of funds: | |||||
| Fund balances brought forward | 6,555,358 | 5,860,622 | |||
| Fund balances carried forward | 11 | 5,796,461 | 6,555,358 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
32 Halcrow Foundation: Company registration number 05593409
Balance sheet as at 31 December 2022
| Notes Fixed assets: Investments 6 Total fixed assets Current assets: Debtors 7 Cash at bank and in hand Total current assets Liabilities: Creditors: amounts falling due within one year 8 Net current assets Provisions for liabilities 9 Net assets The funds of the charity: Unrestricted funds 11 Total charity funds |
2022 £ 5,857,244 5,857,244 110 86,871 86,981 (6,652) 80,329 (141,112) 5,796,461 5,796,461 5,796,461 |
2021 £ 6,624,508 |
|---|---|---|
| 6,624,508 | ||
| 110 83,290 |
||
| 83,400 (6,617) |
||
| 76,783 (145,933) |
||
| 6,555,358 | ||
| 6,555,358 | ||
| 6,555,358 |
Halcrow Foundation: Company registration number 05593409
33
HALCROW FOUNDATION FINANCIAL REPORT
Balance sheet continued as at 31 December 2022
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006..
The trustees (who are also directors of the company for the purpose of company law) acknowledge their responsibilities for:
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(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
Approved by the trustees on 1 September 2023 and signed on their behalf by:
David Kerr Chair of trustees
34 Halcrow Foundation: Company registration number 05593409
Notes to the financial statements for the year ended 31 December 2022
1. Accounting policies
1.1 Basis of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) “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) (effective 1st January 2019)”, Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, the Charities Act 2011 and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
1.2 Public benefit entity
The charitable company meets the definition of a public benefit entity under FRS 102.
1.3
Income recognition
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliability.
1.4
Donations of gifts, services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliability. Such items are recognised as income on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Volunteer time is not recognised in accordance with the Charities SORP (FRS 102).
1.5 Interest receivable
Interest on funds held on deposit is recognised when receivable and the amount can be measured reliability by the charity and this is normally upon notification of the interest paid or payable by the bank.
1.6
Going concern
The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern.
1.7 Critical accounting estimates and areas of judgement
Key judgements that the charitable company has made which have a significant effect on the accounts include estimating the liability from multi-year grant commitments and forward planning for future grant commitments during a period of economic uncertainty.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
1.8 Investments
Investments held as fixed assets are revalued at quoted market price at the balance sheet date. The gain or loss for the period is taken to the statement of financial activities.
Halcrow Foundation: Company registration number 05593409 35
HALCROW FOUNDATION FINANCIAL REPORT
Notes to the financial statements (continued) for the year ended 31 December 2022
1.9
Expenditure recognition
Expenditure is recognised once there is a legal or constructive obligation to make a payment, it is probable that settlement will be required and the amount of the obligation can be measured reliability. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings based on the proportion of time spent on each of these areas of work.
Grants payable are charged to the statement of financial activities in full when approved by the trustees and communicated to the recipient. Grants awarded but unpaid at the balance sheet date are recognised as grant commitments within provisions for liabilities. Grants cancelled or repaid in the year are credited to the statement of financial activities. Charitable activities includes support costs associated with grants payable.
1.10
Fund accounting
The charity maintains one type of fund being general unrestricted funds that represents income that is expendable at the discretion of the trustees in furtherance of the objects of the charity.
2.
Legal status of the charity and liability of members
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to a sum not exceeding £10.
3. Investment management costs
The investment management costs stated on the face of the Statement of Financial Activities represents a management charge of 0.204% after value added tax based on the value of the portfolio. Rathbones also levy a management charge of 0.3% as a deduction from the fund.
4. Analysis of support costs
| Grant support Project supervision General support Website design and maintenance Consultancy Subscriptions Insurance Miscellaneous Bank charges Governance Travel and other expenses Miscellaneous Independent examiner's remuneration Independent examiner's remuneration for services including accounts preparation |
2022 £ - 218 8,253 65 441 1,214 342 1,057 - 1,120 2,300 15,010 |
2021 £ - 229 8,616 - 441 1,043 382 464 - 1,080 2,220 |
|---|---|---|
| 14,475 |
36 Halcrow Foundation: Company registration number 05593409
Our pilot project with Karuna Trust in India helps people living in areas that are vulnerable to natural disasters like flooding develop a community response, including training young people to develop early warning and evacuation systems and improving flood defences. Halcrow Foundation: Company registration number 05593409 37
HALCROW FOUNDATION FINANCIAL REPORT
Notes to the financial statements (continued) for the year ended 31 December 2022 5. Grants
| 5. Grants | ||
|---|---|---|
| Project name | Delivery partner | Aim |
| 160 Liberation of women working as manual scavengers |
Karuna Trust | Skill development and support |
| 167 Entoto Water Supply Project | EDA - Ethiopia | Clean water |
| 180 Progression Programme | Groundswell | Support homeless people |
| 183 Women’s refuge support | Swindon Domestic Abuse Support Service |
Triage worker in women’s refuge – Year 1 |
| 184 Special educational needs support and units |
SEED | Establish framework and facilities for special needs children |
| 185 Women-led community organisation | Transform Trade | Sustainable livelihoods for female smallholder farmers |
| 188 Community Development and Innova- tions Team |
SPEAR | Help homeless people build resilience & improve wellbeing |
| 189 Emsizini Hotspot Programme | Tiyeni Fund | Strengthening smallholder farming resilience |
| 192 Chibolya School fish farm | Zambia Orphan’s Aid | Develop a fish farm on the school site to feed students |
| 193 Farming businesses in Tanzania | Equality in Tourism | Strengthening women-owned farming businesses |
| 194 Women’s refuge support | Swindon Domestic Abuse Support Service |
Triage worker in women's refuge - Year 2 |
| 195 Innovative finance projects | British Asian Trust | Empowering women in remote, rural communities |
| 196 Baraka Learning Centre | Baraka Community Partnerships |
Further upgrade of Baraka Learning Centre facilities |
| 197 Disaster risk planning | Karuna Trust | Disaster risk mitigation and community resilience |
| 198 Libuyu Community Health Clinic | Build-It International | Reconstruction and development of health clinic |
| 199 Humanitarian Aid - Flooding | Eva Reckitt Trust | Humanitarian Aid afer flooding in Sri Lanka |
| 200 Savera Medical Centre | Savera Association | Salaries for two doctors over three years |
| 201 Yoga coordinator in prisons | Prison Phoenix Trust | Continue work to support a Yoga coor- dinator inprisons |
38 Halcrow Foundation: Company registration number 05593409
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Commitment Awarded in year Paid in year Commitment
b/f c/f
£ £ £
21,049 - (16,049) 5,000
- -
2,600 2,600
-
36,290 (19,745) 16,545
2,750 - (2,750) -
34,300 - (14,700) 19,600
23,961 - (21,961) 2,000
8,000 - (8,000) -
-
14,983 (13,483) 1,500
- -
2,000 (2,000)
-
15,000 (9,000) 6,000
- 30,000 (13,500) 16,500
-
50,000 (45,000) 5,000
- 10,400 (10,400) -
- 18,000 (8,100) 9,900
- 25,000 (22,500) 2,500
- 1,000 (1,000) -
- 42,000 - 42,000
- 11,967 - 11,967
145,933 203,367 (208,188) 141,112
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Halcrow Foundation: Company registration number 05593409 39
HALCROW FOUNDATION FINANCIAL REPORT
Notes to the financial statements (continued) for the year ended 31 December 2022
6. Fixed asset investments
| Fixed asset investments | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Market value brought forward | 6,621,507 | 6,099,943 |
| Additions | 397 | 239 |
| Disposals | (54,667) | - |
| Unrealised gains/(losses) | (713,259) | 521,325 |
| Market value | 5,853,978 | 6,621,508 |
| Cash | 3,266 | 3,000 |
| 5,857,244 | 6,624,508 |
The listed investment is comprised entirely of shares in the Rathbone Active Income and Growth Fund. The objective of this fund is to achieve a growing level of income and capital growth from an actively managed portfolio that comprises a range of asset classes including shares, bonds, commodities and property. The constituent investments are located both within and outside the UK.
7. Debtors
| Prepayments and accrued income 8. Creditors: amounts falling due within one year Accruals 9. Provisions for liabilities Grant commitments (Note 5) |
2022 £ 110 2022 £ 6,652 2022 £ 141,112 |
2021 £ 110 |
|---|---|---|
| 2021 £ 6,617 |
||
| 2021 £ 145,933 |
10. Related party transactions
There were no related party transactions during the year that required disclosure.
The trustees were not paid and did not receive any other benefits from employment with the charity in the year. In addition, no trustee received payment for professional or other services supplied to the charity.
During the year, five trustees were reimbursed for travel expenses. The total amount reimbursed was £1,057.
40 Halcrow Foundation: Company registration number 05593409
Notes to the financial statements (continued) for the year ended 31 December 2022
11. Movements in funds
| General funds Total unrestricted funds |
Balance at Balance at 1st January 31st December 2022 Income Expended Losses 2022 £ £ £ £ £ 6,555,358 188,993 (230,363) (717,527) 5,796,461 6,555,358 188,993 (230,363) (717,527) 5,796,461 |
|---|---|
Unrestricted funds are available to be spent for any of the purposes of the charity.
12. Control
The company is limited by guarantee and therefore there are no individual controlling parties. The company is controlled by the directors and its members.
Halcrow Foundation: Company registration number 05593409 41
IriW-
EMPOWERING LIVES, TRANSFORMING COMMUNITIES
Halcrow Foundation
@HalcrowFNDN Halcrow Foundation
www.halcrowfoundation.org
Halcrow Foundation: Company registration number 05593409