REGISTERED CHARITY NUMBER: 1146603 THE HALEY FAMILY CHARITABLE TRUST TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Burgess Hodgson LLP Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
THE HALEY FAMILY CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED FOR THE YEAR ENDED 5 APRIL 2024 Page Report of the Trustees Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements
THE HALEY FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 The Board of Trustees presents its report and Ihe audited financial statements for the ended 05 April 2024. The Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document, the provisions of the Statement of Recommended Practice (Second edition) and Financial Reporting Standard FRS102. OBJECTIVES AND ACTIVITIES Objectlves and aims The truslees hold the property upon trust to apply the same for such charilable institutions or such charitable objects in England and Wales as the trustees may in their absolute discretion select. Any enquiries received by the trustees from charitable institutions in Scotland they are unable to consider. The trustees have sufficient projects under conslderation and they are therefore not open to any new enquiries at the moment. Significant actlvltles In April 2012 the Trust received funding in the form of a one off large donation for trustees to donate to charitable causes over several years. There are no plans for fundraising 8Ctivities. During the year, charitable donations totalled £244,430 (2023 £126.948). Details of the donations in the year are included in the notes to the accounts. Public benefit The trustees have given due consideration to Charity Commission published guidance on the operation of the Public Benefit requirement. ACHIEVEMENT AND PERFORMANCE Charitable activities The trustees continue to support their latest medium-term project through donations to Kirkwood Hospice, to employ a community nurse over a three year period. The fourth and fiflh instalments were pald In the current financial year. FINANCIAL REVIEW Golng Concern Accounting standards require the Trustees to conslder the appropriateness of the going concern basis when preparing the financial stalemenls. After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
THE HALEY FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Resonies Pollcy The trustees are satisfied with the financial performance of the charily in the year and the level of reserves held. Whilst the charity does not have a formal reserves policy. the trustees manage the funds of the charity so as to distribute the initial funds donated over several years. The amount of reserves held at the year end totalled £3.250,836 (2023 - £3,336,669). Investments are held in the form of fixed term cash deposits and equity shares. The trustees aim to hold investments on a low risk environment where preservation of the capital sum is the key objective. The trustees ara satlsfled that these obj8¢tlves have been met In the perlod. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charily constitutes an unlncorporated charfty and Is controlled by Ils governing document, a d88d of trust dated 21 February 2012. The charity is governed by English law.
THE HALEY FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal structure During the financial year the Trust was managed by four trustees. There are currently no plans to appolnt additional new trustees, but provislon Is made lo contlnue the operation of the Trugl should any of the existing trustees be unable to perfonn their duties. There is no formal process In place for the training and Induction of trustees, but trustees are expected to read charlty Gommission guidance and ensure that they are appropriately informed in order to be able to perform their duties. The Trust does not utilise volunteers and has no paid staff. The trustees receSve no remuneratlon. Risk management The trustees have complied with their duty to identify and review the risks to which tho charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1146603 Prlncipal address Dunn Street Hous8 Westwell Ashford Kent TN25 4NJ Trustees l F Pattison C P Lumsden H J Lumsd8n CHKemp Independent Examiner Roderick Archibald Burgess Hodgson LLP Camburgh House 27 New Dover Road Canterbury Kent CT13DN Advisers Rowan Dartington & Co Limited Temple Point Redcliffe Way Redcliffe Bristol BSI 6NL
THE HALEY FAMILY CHARITABLE TRUST STATEMENT OF TRUSTEE'S RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2024 The trustees are responsible for preparing Ihe Report of the Trustees and the financial slalemenls in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in England and Wales, the Charities Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Iruslees to prepare financial statements for each financlal year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expendllure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting pollcles and then apply them consistently; observe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent- prepare the financial statements on the going concern basis unless11 is inappropriate to presume that the charity will continue in business. The tnjstees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financSal position of the Gharity and lo enable them lo ensure that the financi21 statements comply with the Charilies Act 2011, the Charity {Accounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of Iruslees on 2710112025 and slgned on SIS behalf by.. iirc W.4moiJan 27, 2025 17..34GMT C H Kemp- Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HALEY FAMILY CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2024 Independent examiner's report to the trustees of The Haley Famlly Charitable Trust I report to the charity trustees on my examination of the accounts of The Haley Family Charitable Trust {the Trust) for the year ended 5 April 2024. Rosponslbllities 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,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examinallon I have followed all applicable Directions given by the Charity Commlssion under section 145(5){b) of the Act. Independent examlner's statement I have completed my examination. I 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 the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concarning the form and content of accounts set out In the Ch8rities (Accounts and Reports) Regulations 2008 other than any requiremant that the accounts glve a true and falr view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which atlention should bè dr8wn in this report in order to enable a proper understanding of the accounts to be reached. &pU4 Roderick Archibald Burgess Hodgson Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
THE HALEY FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Notes 2024 UnreslriGted fijnd 2023 Total funds INCOME AND ENDOWMENTS FROM Investment income 163,851 142,034 EXPENDITURE ON Raising funds {12,2901 (14,434) Charltable activities Charitable donations {247,054) (130,358) Total 144760 Net gainsl(losses) on investments 9,659 1108,627) NET INCOMEI{EXPENDITURE) (85,833) 1111,385) RECONCILIATION OF FUNDS Total funds brought fonNard 3,336,669 3,448,054 TOTAL FUNDS CARRIED FORWARD 3 250 836 3 336 669 The notes form part of these financial statements
THE HALEY FAMILY CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Investments 3,161,241 3,248,270 CURRENT ASSETS Debtors 5,970 7,802 Cash at bank and in hand 87,648 84,684 93.617 92,431 CREDITORS Amounts f811ing due within one year (4,0221 (4,0321 NET CURRENT ASSETS 89.595 TOTAL ASSETS LESS CURRENT LIABILITIES 3,250,836 3.336,669 NET ASSETS 3,250,836 3,336,669 FUNDS Unrestricted funds 3,250.836 3.336,669 TOTAL FUNDS 3,250,836 3,336.669 27d0112025 The financial statements were approved by the Board of Trustees and authorised for iss and were signed on ils behalf by.. C H Kemp - Trustee Claire Kemp (Jan 27, 2025 17:34 GMT) The notes form part of these financial statemenls
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 STATEMENT OF COMPLIANCE The financial slalemenls of Ihe 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 accord2nce wSth the FinancSal Reportlng Standard applicable In the UK and Republic of Ireland {FRS 1021 leffeclive l January 20191" and Financi81 Reporting Standard 102 "The Financial Reporting Standard 8pplicable in the UK and Republic of Ireland.. The presentation currency of Ihe financial statements is Ihe Pound Sterling. ACCOUNTING POLICIES Basis of preparing tho financial statements The financlal statements have been prepared under the hlstorical Gost conventlon wllh the exception of investments which are included at market value. The twslees consider that there are no material unrtainlieS about the charity's ability to continue 8S a going concem. They have a reasonable expectation that the charity has adequate reserves to continue in operation21 existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial slalemenls. The charity has taken advantage of the following disclosure exemptions in preparing these financial slalements, as permilled by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows., the requirement of paragraph 3.17(dl,' the requlremenls of p8ragraph8 11.42, 11.44, 11.45, 11.47, 11.481211115), 11.48(al(iv), 11.48{b) and 11.481cl', the requirement of paragraph 33.7. Income All income is recognised in the Slalemenl of Financial Activities once the charity has enlillemenl to the funds, il is probable that the inGome will be received and the amount can be measured reliably. Expendlture ExpendSture Is recognlsed on¢e there is a legal or constructive obligation lo transfer economlc benefit to a third party, il is probable that 8 transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved In undertaking each acuvity. Direct costs atlribulable lo a single activity are allocated directly to that aclivily. Shared costs which Gontribule lo more than one activity and support costs which are not allribulable to a single activity are apportioned between those activities on 8 basis consislenl wilh the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those Gosts incurred directly in support of expenditure on the objects of the Gharity. Governance costs are those incurred in connection with adminislration of the charity and compliance with conslilulional and slalulory requirements. Costs of generating funds are costs incurred in allracling voluntary income, and those incurred in trading activities that ralse funds. Charitable activities and Governance costs are costs incurred on the charity's operations, including support Gosts and Gosts relalSng to the governance of the charSty apportloned to Gharitable aGllvltles.
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 Grants payable are charged in the year when the offer is made except in those cases where the offer is condition81, such grant8 being recognised as expenditure when Ihe conditions allaching are fulfilled. Grants offered subject lo conditions which have not been mel at the year end are noted as a commitment, but not accrued as expenditure. All expendilure is inclusive of IeCoVerable VAT Taxation The Charity is exempl from lax on charitable actlvilles. Fund a¢¢ountlng General funds are unrestricted funds which are 8V8ilable for use at the dls¢retion of Ihe Trustees Sn furtherance of the general oblectives of the charity and which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been set aside by Ihe Trustees for particular purposes. The aim and use of each designated fund is set out in the notes lo the financial slalements. Restricted funds are funds which are lo be used In accordance with specific reslriclions imposed by donors or which have been raised by the charity for parlScular purposes. The costs of ralslng and administering such funds are charged against the spectfic fund. The aim and use of each restricted fund is set out in the notes to the financial statements Investment income, gains and losses are allocated to the appropriate fund. Foreign currencies Assets and liabilities in foreign currencies are translated into sterllng at the rates of exchange rullng at the balance sheet dale. Transactions in foreign currencies are translated into sterling al the rale of exchange ruling at the dale of Iransaclion. Exchange differences are taken inlo accounl in arriving 8t the operating result. Investments Investments are a form of basic financtal Instrument and are Initially recognised at their transaction price. At the end of each reporting period, they are restated al their fair value (market value) al the porting dale. Investment gains and losses. whether realised or unrealised, are combined and shown in the heading "Net gainslllossesl on investments" in the Slatemanl of Finanaal Aclivilies. The ch8rity does not acquire put options, derivatives or other complex financial Instruments. The main form of financial risk faced by the charity is that of volalilily in equity and other investment markets due to wider economic conditions. the allilude of investors lo investment risk and changes in sentiment concerning equities and within particular sectors or sub-sectors. Flnanclal instruments The charity has chosen lo adopt Section 11 of FRS102 in respect of financial instruments. The charlty has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial inslrumenls are initially recognised at transaction value and subsequently measured at their selllemenl valu8, With the exception of bank loans, of which the charity has none. Investment assels are measured at fair value. Short term debtors are measured al transaction price, less any impairment. Short lerms creditors are measured at transaction price.
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2024 Key accountlng estimates and assumptions Accounting eslimales, by definition, will often vary from the actual results. They are continually ev8luated and are based on hlstorical experience and olher faGtors, Includlng expectations of ftjlure events Ihal are deemed to be reasonable under the GlrGumstanGes. The Trustees belleve thal at the period end, there were no estimates and assumplions that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabililles within th8 next year. General Infomiatlon The organisation is a charitable trust in English law. The address of ils registered office is shown in the Trustees, Report. INVESTMENT INCOME 2024 2023 Dividend income Deposit account interest Stamp Duly Recovery Sundry Income 139,568 558 16,150 7,575 141,736 298 163 851 142 034 RAISING FUNDS Investment managèmènt costs 2024 2023 Portfolio man8gement Legal Travel and meeting expenses Bank charge 5,377 9,137 6,913 5,297 CHARITABLE ACTIVITIES COSTS Direct costs Support costs (see note 6) Totals Charltable donatlons 244.430 2,624 247,054 2024 2023 Age UK AMMF Bladder Cancer Bowel Cancer British Red Cross Countryslde Deafblind UK Guide Dogs Kldney Care Kirkwood Hosplce MND Prostale Cancer UK Pancreali¢ Cancer RNIB RNDL Sl Catherine's HosplGe The Pilgrims Hospice The Race Horse Society Salvation Army Sheldwich Primary 15,000 1,000 2,000 100,000 15,000 5,000 5,000 5,000 15,000 31,974 2,000 35,456 13,000 15,000 5,000 63,948 15,000 1,000 1.000 15,000 5,000 5,000 Total 126948 10
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS-contlnued FOR THE YEAR ENDED 5 APRIL 2024 SUPPORT COSTS Governance costs Charilable donations 2,624 Support costs, Included In Ihe above, are as follows.. Governance costs 2024 Charilable donatlons 2023 Charitable donations Accountancy Independent examinerfs remuneration 1,915 709 1,700 500 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Trustees, expenses Expenses totalling £6,913 (2023 £5,297) for travel and meetlngs were payable In respect of four of the trustees for the perfod ended 5 April 2024. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Al 6 Aprll 2023 Additions Disposals Nel gainsl{losses) 3.248,270 357.455 1454,143) 9.659 Al 5 Aprfl 2024 3.161,241 NET BOOK VALUE Al 5 April 2024 3,161.241 Al 5 April 2023 3.248,270 The Snvestment portfolio conslsls of £3,161,241 (2023 - £3,248,270) equily shares. Of the total equity shares, there are £383.289 (2023 - £268.295) held outside Ihe UK.
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 5 APRIL 2024 DEBTORS." AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 5.970 7.802 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals 8nd deferred income 4.022 4,032 11. MOVEMENT IN FUNDS Net movement Sn funds At 5.4.24 At 6.4.23 Unrestricted funds General fund 3,336,669 185,833) 3,250,836 TOTAL FUNDS 3 336 669 {85,833) 3 250 836 Net movement infunds, included in the above are as follows- Incoming resources Resources expended Gains and losses Movement In funds Unrestrlcted funds General fund 163,851 {259,3431 9,659 {85,833) TOTAL FUNDS 163 851 259 343 9,659 12
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 5 APRIL 2024
11. MOVEMENT IN FUNDS- continued.
Comparatives for movement in funds
| At 06.04.22 | Net movement | At 05.04.23 | ||
|---|---|---|---|---|
| £ | in funds | £ | ||
| £ | ||||
| Unrestricted funds | 3,448,054 | (111,385) | 3,254 298 | |
| General fund | ||||
| TOTAL FUNDS | 3,448,054 | (111,385) | 3,254,298 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 142,034 | (144,792) | (108,627) | (111,385) |
| TOTALFUNDS | 142,034 | (144,792) | (108,627) | (111,385) |
Comparative net movement in funds, included in the above are as follows:
A current year 12 months and prior year 12 months combined position is as follows:
| At | Net movement | At | |
|---|---|---|---|
| 06.04.2022 | in funds | 05.04.2024 | |
| £ | £ | £ | |
| Unrestricted funds | 3,448,054 | (85,833) | 3,250,836 |
| General fund | |||
| TOTALFUNDS | 3,448,054 | (85,833) | 3,250,836 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 305,885 | (404,135) | (98,968) | (197,218) |
| TOTALFUNDS | 305,885 | (404,135) | (98,968) | (197,218) |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
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