2025-04-05-accounts - The Hurstcote Charitable Foundation

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REGISTERED CHARITY NUMBER: 1145372

Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2025 for The Hurstcote Charitable Foundation

AJ Bennewith

FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA

The Hurstcote Charitable Foundation

Contents of the Financial Statements for the Year Ended 5 April 2025

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The Hurstcote Charitable Foundation

Report of the Trustees

for the Year Ended 5 April 2025

The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Hurstcote Charitable Foundation (working name: Forging Futures) was created in 2012 by Tom and Osha Hufton with the objects to: Benefit such registered charities or such charitable purposes and in such proportions and such manner and subject to such terms and conditions as the trustees in their absolute discretion think fit from time to time.

Over time, the Charity has evolved and now directly focuses its activities on training and supporting young people and adults, particularly those with learning disabilities and/or who are neurodivergent.

Our charitable programmes provide hands-on training, qualifications, supported work experience opportunities and supported internships all with the desired outcome of empowering individuals to develop the skills, confidence and connections needed for meaningful paid employment.

Public benefit

The Trustees confirm that they have had due regard to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and planning future activities.

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The Hurstcote Charitable Foundation

Report of the Trustees for the Year Ended 5 April 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

We have continued to grow and develop our programmes throughout 2024-2025 and remain dedicated to enhancing the lives of young people and adults with learning disabilities and/or who are neurodivergent. We focus on providing bespoke training and employment opportunities particularly within the coffee and hospitality industry.

Since piloting our first programme in October 2022, the Charity is delighted to have trained, supported and worked together with over 42 young people and adults.

Programme Delivery and Impact

During 2024-2025, the Charity continued to deliver its Cookie Projects and supported work experience programmes to students attending local Specialist Schools. Schools have shared that the programmes provide impact beyond coffee shop skills, teaching essential life skills such as confidence, teamwork, communication and social skills, which support students' transitions into further education and employment. All trainees reported that they would 100% recommend the programmes, highlighting the fun and pride in learning new skills and overcoming challenges. Trainees also shared that they felt more willing and able to seek employment. Families highlighted the personal growth and_ increased confidence they observed.

During the year, we also further developed and delivered our Bespoke Barista Skills Programme, with 10 students attending local specialist schools successfully gaining their SCA Barista Foundation qualifications.

In addition, Forging Futures delivered its first 10-month Supported Internship in partnership with our founding employer partner and a local specialist school. Feedback from the programme was excellent, particularly emphasising the positive impact it had on the trainee, his family and partner organisations.

2024-2025 Key Developments and Future Opportunities

Transition from an Unincorporated Foundation to a Charitable Incorporated Organisation (CIO). Forging Futures was registered by the Charity Commission in February 2025, charity no. 1212304.
Development, transformation and build of our new Charity Training Hub - a dedicated, professional training space where all our programmes will be delivered, supporting future growth and increasing the number of participants we can train and support.
Securing funding for our new Employability Programme, an 11-week training programme that will be offered free of charge to trainees and will launch in September 2025.

Incorporation of the Charity

In February 2025, Forging Futures CIO (charity no. 1212304) was registered with the Charity Commission, enabling the charity to own property, employ staff and operate under limited liability.

The Trustees resolved that all assets and liabilities of the unincorporated Hurstcote Charitable Foundation will transfer to Forging Futures ClO. Once this process is complete, the unincorporated charity will be formally closed and removed from the Charities Register. At the year end, the transfer process was ongoing.

FINANCIAL REVIEW

Financial position

The Hurstcote Charitable Foundation (working name: Forging Futures) generated a total income of £164,342 in 2024-2025, which was raised through donations, grants and fundraising activities. Total expenditure for the year amounted to £36,874 covering programme costs, grants, operational expenses, marketing, fundraising, resource development and equipment costs. An additional £87,448 was spent on the training centre build and this is reflected on the balance sheet. The Charity recorded a surplus of £129,148 for the year, with unrestricted reserves of £340,450, in line with the Trustees' reserves policy. Restricted reserves at the year end were £18,000.

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The Hurstcote Charitable Foundation

Report of the Trustees

for the Year Ended 5 April 2025

FINANCIAL REVIEW

Investment policy and objectives

Under the Trust Deed, the Charity may make investments deemed appropriate by the Trustees.

Reserves policy

The Trustees have adopted a reserves policy to ensure that the charity maintains sufficient financial stability to cover unforeseen expenses and future programme costs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Hurstcote Charitable Foundation is constituted under a trust deed dated 3 June 2011 and is a registered charity, number 1145372.

Recruitment and appointment of new trustees

Trustees are appointed in accordance with the charity's governing documents. New trustees are recruited based on their skills, experience, and passion for the charity's mission.

Organisational structure

The charity is governed by a Board of Trustees who are responsible for the strategic direction, policy, and financial oversight of the charity. The Board meets regularly to review the charity's activities and ensure that its objectives are being met. Operational Management While the charity is overseen by its Board of Trustees, the day-to-day running of our programmes and activities is carried out by one dedicated individual who is not a trustee. This person leads on planning and delivering programmes, working directly with partners and participants and supporting organisational growth. The trustees continue to provide guidance and oversight, meeting regularly to ensure the charity stays on track, remains financially responsible, and continues to meet its charitable aims.

Risk management

The trustees have considered the major risks to which the charity is exposed, particularly those related to its operations and finances, and have implemented systems to monitor and control these risks.

THANK YOU

We are extremely grateful to everyone who has supported Forging Futures during 2024-2025. Your support enables the Charity to continue to provide training, employment pathways and transformational opportunities to young people and adults with learning disabilities and/or who are neurodivergent. We are truly excited for the next phase of Forging Futures and recognise that this progress has only been made possible through the generous donations and continued support of individuals, organisations and our community.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1145372

Principal address Forging Futures The Green Shamley Green Surrey GU5 OUB

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The Hurstcote Charitable Foundation
for theReportYearofEnded the Trustees 5 April 2025
Trustees
TE Hufton
Mrs O A Hufton
R Gosman
M Majed
Independent Examiner
AJ Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farmham Road
Guildford
Surrey
GU1 4XA .
COMMENCEMENT OF ACTIVITIES
The date of commencement of activities was 3 June 2011.
ADVISERS
Solicitors
Finers Stephens Innocent LLP
179 Great Portland Street
London
W1W 5LS .
Approved by order of the board of trustees OM ssccssssssscssssessssssesssssseesssenseeenee ANG signed on its behalf by: ;
SS nsued Harter \t{ oy/ KCOvAR
TE Hufton - Trustee
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Independent Examiner's Report to the Trustees of The Hurstcote Charitable Foundation

Independent examiner's report to the trustees of The Hurstcote Charitable Foundation

| report to the charity trustees on my examination of the accounts of The Hurstcote Charitable Foundation (the Trust) for the year ended 5 April 2025.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all 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:

accounting records were 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; or
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 give a 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 ofthe accounts to be reached.

AJ Bennewith

FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA

Date: odd LA seed. G ub

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The Hurstcote Charitable Foundation

Statement of Financial Activities for the Year Ended 5 April 2025

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|||||||| |---|---|---|---|---|---|---| |5.4.25|5.4.24| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|89,831|71,611|161,442|12,397| |Other trading activities|2|2,900|-|2,900|30,350| |Investment|income|3|-|-|-|155| |Total|92,731|71,611|164,342|42,902| |EXPENDITURE|ON| |Raising funds|4,025|-|4,025|5,212| |Charitable|activities| |Charitable|activities|32,849|-|32,849|11,941| |Total|36,874|-|36,874|17,153| |NET INCOME|55,857|71,611|127,468|25,749| |Transfers between funds|11|53,611|(53,611)|-|-| |Net movement|in funds|109,468|18,000|127,468|25,749| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|230,982|-|230,982|205,233| |TOTAL FUNDS CARRIED|FORWARD|340,450|18,000|358,450|230,982|

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The notes form part of these financial statements

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The Hurstcote Charitable Foundation

Balance Sheet 5 April 2025

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||||||| |---|---|---|---|---|---| |5.4.25|5.4.24| |Unrestricted|Restricted|Total|Total| |Notes|fund£|funds£|funds£|funds£| |FIXED ASSETS| |Tangible assets|7|87,448|-|87,448|-| |Investment property|8|193,000|-|193,000|193,000| |280,448|-|280,448|193,000| |CURRENT ASSETS| |Debtors|9|-|-|:|2,036| |Cash at bank|62,882|18,000|80,882|37,146| |62,882|18,000|80,882|39,182| |CREDITORS| |Amounts falling due within one year|10|(2,880)|-|(2,880)|(1,200)| |NET CURRENT ASSETS|60,002|18,000|78,002|37,982| |TOTAL ASSETS LESS CURRENT LIABILITIES|340,450|18,000|358,450|230,982| |NET ASSETS|340,450|18,000|358,450|230,982| |FUNDS|11| |Unrestricted|funds|340,450|230,982| |Restricted funds|18,000|-| |TOTAL FUNDS|358,450|230,982|

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The financial statements were approved by the Board of Trustees and authorised for issue on sseseessseessassnseeensstesseseessssesseenees ANG WEre Signed on its behalf by: Qrowmat Huflen \Jod[%otb. . TE Hufton - Trustee

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The notes form part of these financial statements
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The Hurstcote Charitable Foundation

Notes to the Financial Statements for the Year Ended 5 April 2025

ACCOUNTING POLICIES

Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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The Hurstcote Charitable Foundation

Notes to the Financial Statements - continued for the Year Ended 5 April 2025

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|||| |---|---|---| |2.|OTHER TRADING|ACTIVITIES| |5.4.25|5.4.24| |£|£| |Fundraising events|2,900|30,350| |3.|INVESTMENT|INCOME| |5.4.25|5.4.24| |£|£| |Investment income|-|155|

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TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total| |fund|funds|funds| |£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations and|legacies|12,397|-|12,397| |Other trading activities|30,350|-|30,350| |Investment|income|155|-|155| |Total|42,902|-|42,902| |EXPENDITURE|ON| |Raising funds|5,212|-|5,212| |Charitable|activities| |Charitable|activities|11,941|-|11,941| |Total|17,153|-|17,153| |NET INCOME|25,749|-|25,749| |RECONCILIATION|OF|FUNDS| |Total|funds|brought forward|205,233|-|205,233| |TOTAL FUNDS CARRIED FORWARD|230,982|-|230,982|

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The Hurstcote Charitable Foundation

Notes to the Financial Statements - continued for the Year Ended 5 April 2025

6.	NETMOVEMENT IN FUNDS
		2025	2024
		£	£
	The net movement in funds is stated after charging:
	Independent Examiner's remuneration	1,440		1,200
7.	TANGIBLE FIXED ASSETS
			Improvemen
				to
			property
				£
	COST
	Additions		87,448
	NET BOOKVALUE
	At5April 2025		87,448
	At 5 April 2024			-
8.	INVESTMENT PROPERTY
				£
	FAIR VALUE
	At 6 April 2024
	and 5 April 2025		193,000
	NET BOOK VALUE
	At 5April 2025		193,000
	At 5 April 2024		193,000
	The investment property is stated at cost, which the trustees consider to the fair value. The figure of			£193,000
	represents a 40.6% share ofthe Old Forge, Guildford, the remaining 59.4% being jointly owned by MrT E and
	Mrs O A Hufton, who are both trustees.
9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		5.4.25	5.4.24
		£		£
	Other debtors		-	731
	Prepayments and accrued income		-	1,305
			-	2,036

The investment property is stated at cost, which the trustees consider to the fair value. The figure of £193,000 represents a 40.6% share of the Old Forge, Guildford, the remaining 59.4% being jointly owned by Mr T E and Mrs O A Hufton, who are both trustees.

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The Hurstcote Charitable Foundation

Notes to the Financial Statements - continued for the Year Ended 5 April 2025

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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|||| |---|---|---| |5.4.25|5.4.24| |Other|£|£| |creditors|2,880|1,200|

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |11.|MOVEMENT|IN|FUNDS| |Net|Transfers| |movement|between|At| |At|6.4.24|in|funds|funds|5.4.25| |£|£|£|£| |Unrestricted|funds| |General|fund|230,982|55,857|53,611|340,450| |Restricted|funds| |Employability Programme|-|18,000|-|18,000| |Charity|Training Hub|Build|-|53,611|(53,611)|-| |-|71,611|(53,611)|18,000| |TOTAL FUNDS|230,982|127,468|-|358,450| |Net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|92,731|(36,874)|55,857| |Restricted|funds| |Employability|Programme|18,000|-|18,000| |Charity Training Hub|Build|53,611|-|53,611| |71,611|-|71,611| |TOTAL FUNDS|164,342|(36,874)|127,468|

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Comparatives for movement in funds

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|||||| |---|---|---|---|---| |Net| |movement|At| |At|6.4.23|in|funds|5.4.24| |£|£|£| |Unrestricted|funds| |General fund|205,233|25,749|230,982| |TOTAL FUNDS|205,233|25,749|230,982|

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The Hurstcote Charitable Foundation

Notes to the Financial Statements - continued for the Year Ended 5 April 2025

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|42,902|(17,153)|25,749| |TOTAL FUNDS|42,902|(17,153)|25,749| |Restricted|funds| |Description|of funds|

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Charity Training Hub Build :

Our charity training hub is the dedicated space where all of our programmes are delivered. Renovated through community fundraising and donated services, it provides a professional and supportive environment for training and has enabled us to expand our programmes and increase the number of participants we can train and support.

Employability Programme : Our employability programme is an intensive, fully funded 11-week initiative for young adults aged 18-30 with a diagnosed learning disability and/or who are neurodivergent. It combines accredited barista training, employability skills, wellbeing and resilience support and a structured work placement to enable participants to gain industry-recognised qualifications and progress into paid employment within the coffee and hospitality sector. RELATED PARTY DISCLOSURES During the year, donations of £884 (£1,224 : 2024) and fundraising income of £2,900 (£0 : 2024) were received from Forge on the Green Ltd. Furthermore, a total of £24,300 (£8,996 : 2024) was granted to Forge on the Green Ltd. The Hurstcote Foundation delivers its charitable programmes through a grant-funded partnership with Forge on the Green. Two ofthe trustees, Thomas and Osha Hufton, are the only directors and shareholders ofthis company.

12. RELATED PARTY DISCLOSURES

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