DON HANSON CHARITABLE FOUNDATIOII IREPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2024 Charity number: 1122463 DON HANSON CHARITA8LE POUNDATION INDEX Yur •nd•d 31 D•¢•mb•r 2024 Page GoneTal information Rèport of the Twst8es Independent 8xamin8r's rernrt Statement of receipts and payments Statement of assets and liabilities DON HANSON CHARITABLE FOUNDATION GENERAL INFORMA TION Year ended 31 Doc•mb•r 2024 TNste•s AMFOX SMJLeary P S Mercer J S Palmer (Chairman) (appointed on 41h September 2024) (appointed on 41h September 2024) Prin¢lpal office Linden House Linden Close Tunbridge W811s Kent TN4 8HH Correspondence Room 3 Rose House 70 Bames High Street London SW13 9LD Independent examiner S J Wakefield ACA Dixon Wilson 22 Chancery Lane London WC2A 1LS Chartty number 1122463 Bankers Coutts & Co 440 Strand London WC2R OQS Invèstmont manager Hottinger Investrnent Management Limited SL Jam8S'S London SW1H gBU Solicitors Boodle Hattield LLP 240 Blackfriars Road London SE18NW DON HANSON CHARITABLE FOUNDATION REPOR T OF THE TRUSTEES Year endgd 31 D•c•mb•r 2024 The Twqtees present the￿ report and accounts of the Trust for the year ended 31 December 2024. The repcwt shoubj be read in conjunction with the general infomiation provided on page 2. object1￿$ and a¢tlvltles Public benefit The Trustees have referred to the Charity Commission's general guidance on public benefil when re￿ewIng the Trust's aims and objectives and in planning the Trust's future activilies. In particular, the Trustees have considered how planned aclivilies will contribute to the aims and objectives that have been set. The Trustees are satisfied that Ihe Trust continues lo rneet the Charity Commission's guidelines with regard to delivering public benefit. Main activities undertaken for the public benefit in relation to the objocts The principal adiviknes are as follows: Charitable activities The Tnvsl supports the legacy of Don's philanthropic mission through: providing grants to like-minded organisations in delNering social goods through their own programmes which align with Don's vision. directly promoting flagship wojects such as the DHCF Schools Program and Darwin21XJ. funding other programmes. organisations, and where appropriate individual initiatrves. that deliver social. ecorK)mic, and educational gocKls to vulnerable communities in the UK and abroad. In all cases. the Trustees have had regard to the Charity Commission's guidance when reviewing the Twst's aims and objectives, in planning future activities. armj setting the grant and loan making policy for the year. The Trust has invested, since sale 2018. in the preparation and distribution of annual 'Hanson Boxes, as described below. This project is now a flagship offering by the Trust. The project has its own website www.hansonbox.or and this activity has been paused due to lack of funds. Fundraisin activities The Trust was originally established by its founder Don Hanson in 2007. As explained below, it is also the residuary beneficiary of his Estate. This has allowed the Trust to be self-financing from its investments without fundraising from third parties except where sharing the costs of specific projects such as overseas Hanson Boxes. veman activities The day-tTrday running of the fund is carried out by Chairman of Twstees Andrew Fox, in associalion with his fellow Trustees and includes maintsining the financial records and ensuring that all constitutional and ststutory requirements are met. Don Hanson's Estate is large and complex. including potential offshore litigation. Chairman of Truste8S Andrew Fox was appointed by Don Hanson as one of four Executors, but the Estate's administration was transferred to Court-appointed Joint Administrators in 2015. The Trust has been obliged lo incur significant costs in its capacity as residuary beneficiary of the Eslate including being joined in certain Court processes. being consulted in relation to how certain assets of the Estate should be handled and taking other action to protect Trust interests. DON HANSON CHARITABLE FOUNDATION REPOR T OF THE TRUSTEES (CONTINUED) Ymr •ndèd 31 December 2024 A¢hievements and perfomian¢e During the year, the Trust made charitable donations totalling £6,609 (2023 - £85,004), namely to: Friends of the British Overseas Territories (UK charity number 1156763) - £1,320 Conservation Without Borders (UK charity number 10447261- £2.0(K) Worshipfijl Company of Farriers (UK charity number 1186094) - £3.289 The Charity continued its long-term association and support for the two-year conservation global Darwin200 voyage of tall ship 'Oosterschelde' which departed Plymouth in August 2023 and returned to London in July 2025. the arrival was attended by HRH Duke of Edinburgh. In November 2024 the Trustees pledged a £1 m grant to Danvin200 subject to receipt of sufficient funds frorn the Estste of Don Hanson. Fvnancial review The Northiam Village Hall Trust. the pilot project of the Trusfs Smart Energy Programme, repaid £600 of its soft loan as part of the Charity's Smart Energy Program. The Trust owns copyright on many publications. mostly those books created especially for the Hanson Boxes but also the 'Breaking Better. volume. and these produce a small income from sales £324 in 2024 (2023- £1.019). During the year, the main asset held by the Trust was a portfolio of managed liquid investrnents which were ringfenced ('Grosvenor Assets.) then transfe￿ed in 2024 in accordance with a High Court order of 11 July 2024 to the Joint Administrators of the Estate of J D Hanson to their satisfaction. The Trustees delegated management of the liquid investments to the professional investment manager as listed on page 2. Management of liquidity and reserves is covered by the Reserves Policy which will become meaningful when the residual bequest is received. The policy includes a requirement to maintain a cash buffer of at least £100.000. The balance of cash reserves at 31 December 2024 was £12.153 (2023 - £899.146). structure, governance and management Don Hanson Charitable Foundation (the 'TnJst' or 'Charity') is conslituted undef the temis of a Tnjst Deed dated 28 June 2007. The settlor of the Trust was Mr James Donald ('Don') Hanson who died on 29 October 2014. All of the four original TKUStees appointed by Don Hanson are entitled to hold office for life and the only remaining original Life Trustee serving the Trust is Andrew Fox. Trustees who served during the year are listed on page 2. Future Trustees are appointed by nomination of the continuing Trustees. The Trustees meet at least quarterly to agree the broad strategy of the Trust including consideration of gRnt making. donations, tnvestrnents. reserves. risk management, policies. and perfomance. The day-to-day administration of grants and donations as well as the processing and handling of applications prior to consideration by the Trustees is delegated to the Chaimian. From February 2024 the Charity engaged with the Charity Commission to upgrade govemance and policies ahead of receiving the significant residual of Don Hanson's Estate. DON HANSON CHARITABLE FOUNDATION REPOR T OF THE TRUSTEES (CONTINUED} Year ended 31 December 2024 Structure, governance and management {¢ontlnuedl Through 2024 this included= Seeking and appoinling two new Trustees, on 4 September 2024 Approving a Conflict of Intere51 policy and register Preparing dissolution of three charities, their assets transferred lo the Charity (completed in 20251 Approving an Expenses policy Approving an Investment poI￿Y Approving a Grant Making policy Approving a Reserves policy Approving a Risk Register pdACy Approving a Strategy and Business Plan Funds held as custodian trustee on behalf of others The Trust held the following amounts as custodian Trustee at 31 December 2024.. £7.415 on behalf of Aid4Venezu8la, a UK registered charity under common control. £10,843 on behalf of Aid4Zimbabwe, a UK registered charity under common control. £2,362 on behalf of Solidarity wilh Arts and Nature, a UK registered charity under common control. Events after the end of the reporting period Effective 11 September 2025 three UK-regislered charities with no liabilities {Aid4Venezuela, d4Zimbabwe and Solidarity With Arts and Nature) were dissolved and their assets valued at £31,262 (£11,209 cash) were transferred to the Charity each with Section 105 Charity Commission consents granted. The Joint Adrninistrators of the Estale of J D Hanson completed payment of all fixed bequests on or around 30 September 2025 meaning that the Estate's residual assets, including Credifforce Ltd. are to be transferred to the Charity before the final High Court hearing lo terminate the Joint Administration. The hearing is scheduled for 12 January 2026. Trustees J Palmer and P Mercer renewed their appointments as Trustees for three years. to 3 September 2028. On 9 October 2025 th8 Charity was advised that Creditforce Ltd had been transferred lo the Charity, and on 14 October 2025 a dividend of £400.000 was paid to the Charity. The Charity is engaging with th8 Board of Creditforce Ltd lo develop understanding of its portfolio and provide guidance as owner. As part of that process the Charity transferred the righls and responsibilitl8s of the Creditforce 'A Director, to another Direclor. effeGtive 30 October 2025. In October 2025 all external liabilities of the Charity were repaid. The Charity's investment account with Hottinger was closed following their company-wide intemal review. Plans for the future The Charty looks forward to expanding ils charilable activities over future years in accordance with its policies when il has received funds from the Estate of Don Hanson, in line wilh ils Strategy and Business Plan as amended from time to lime. DON HANSON CHARITABLE FOUNDATION REPOR T OF THE TRUSTEES (CONTINUED) Y•ar •nd•d 31 D•c•mb•r 2024 Flnanclal statements These are set out on p8g8s 8 8nd 9 and have been prepared in accordance with the receipts and payments basis. They have been dr8wn up in compllanc8 with the r81evant provlsions of the Charities Act 2011 and the Trust Deed. Approved by the Trustees on 2025 and were signed on their behalf by-. Andrew M Fox Trustee DON HANSON CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPOR T Y•ar ended 31 December 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DON HANSON CHARITABLE FOUNDATION I report to the Trustees on my examination of the accounts of the Trust for the year ended 31 08cember 2024. Responslbilitios and basls of report As the Charity's Trustees. you are responsible for the preparaiion of the acC￿jnIS in accordance with the requirements of the Charities Act 2011 ('the Act'l. You are satisfied thal an audit is not required for this year under charity law and that an irKlependent examination is needed. I report in respect of my examination of the Tnjst's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicab￿ Directions given by the Charity Commission under section 145(5){b) of the ACL An independent examination does not involve gathering all the eviden￿ that would be required in an audtt and consequently does not covw dll the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audii goes beyond the limited assurance that an independent examination can provide. Consequently. l express no opinion as to vthether the accounts present a 'true and fairf view and my report is limited to those specffic matters set out in the independent examinerfs ststement. Independent examinerfs sLqtement l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accwnlants in England and Wales. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records. I have no concems and have come across no 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. S J WAKEFIELD ACA Dixon Wilson 22 Chancery Lane London WC2A 1 LS 13 November 2025 DON HANSON CHARITABLE FOUNDATION ST A TEMENT OF RECEIPTS AND PA YMENTS Year ended 31 December 2024 Unrestrictsd Funds 2024 Unrestricted Funds 2023 Receipts Loan repayments Investrnenl income Receipts from sale of unlisted investments Receipts from sale of listed investments Receipts from Grosvenor liquidalion Royalties Donations Soft Loan Other receipts Total receipts 600 104,488 500,600 68.503 586,873 3.329 324 86,223 1,019 18 60,000 150 61.984 757,598 716,513 Payments Charitable donations Administrative costs Purchase of investments Investment management fees Transfer of funds to the Estate of the Settlor und&r order of the High Court Total payments 6.609 84,332 78,747 5.203 85,004 31,622 116,041 6,370 1,469,700 1,644,591 239.037 Net (payments)Ireceipts for the year (886,993) 477,476 Cash at bank at 1 January Cash at bank at 31 December 899.146 421,670 12,153 899, 146 DON HANSON CHARITABLE FOUNDATION ST A TEMENT OF ASSETS AND LIABILITIES At 31 Docembor 2024 Unrestricted Funds 2024 Unre$tricled Funds 2023 Inv•stment assets Listed investment portfolio (mark8t value) (Grosvenor) 486,209 Loan to Intemel Mobile Communications Ltd (Grosvenor) 504,172 Cash at bank 12,153 899, 146 Other monetary assets Loans 62.204 62,804 7,310 Copyrights 7,310 Liabilities Legal fees Independent examinerfs fee ac¢rual Other liabilities 4,320 140,514 4,200 60,514 The financial ststements on pages 8 and 9 were approved by the Trustees on were signed on their behalf by: 2025 and Andrew M Fox Trustse