REGISTERED CHARITY NUMBER: 1146603
THE HALEY FAMILY CHARITABLE TRUST
TRUSTEE’S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Burgess Hodgson Audit Limited 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 ENDED5 APRIL 2025
| Page | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | ||||||||
| Statement of Trustees' Responsibilities | 4 | ||||||||
| Independent Examiner's Report |
5 | ||||||||
| Statement of Financial Activities | 6 | ||||||||
| Balance Sheet | 7 | ||||||||
| NotestotheFinancialStatements | 8 |
THE HALEY FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
The Board of Trustees presents its report and lhe audited financial statements for the ended 05 April 2025. 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
Objectives and aims
The trustees hold the property upon trust to apply the same for such charitable 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 consideration and they are therefore not open to any new enquiries at the moment.
Significant activities
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 activities. During the year, charitable donations totalled £109,210 (2024 - £244,430). 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 favoured charities such as Pancreatic Cancer UK and Bowel Cancer UK. .
FINANCIAL REVIEW
Going Concern
Accounting standards require the Trustees to consider the appropriateness of the going concern basis when preparing the financial statements. 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.
1
THE HALEY FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
Reserves Policy
The trustees are satisfied with the financial performance of the charity 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 £3,608.157 (2024 - £3,250,836).
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 are satisfied that these objectives have been met in the period.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity constitutes an unincorporated charity and is controlled by its governing document, a deed of trust dated 21 February 2012. The charity is governed by English law.
2
THE HALEY FAMILY CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
During the financial year the Trust was managed by four trustees. There are currently no plans to appoint additional new trustees, but provision is made to continue the operation of the Trust should any of the existing trustees be unable to perform their duties.
There is no formal process in place for the training and induction of trustees, but trustees are expected to read charity commission guidance and ensure that they are appropriately informed in order to be able to perform their duties.
The Trust does not utilise volunteers. Claire Kemp was paid £968 during the year in relation to wages and mileage. The other trustees receive no remuneration.
Risk management
The trustees have complied with their duty to identify and review the risks to which the 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
Principal address
Dunn Street House Westwell Ashford Kent TN25 4NJ
Trustees
| F Pattison C P Lumsden H J Lumsden C H Kemp
Independent Examiner
,
Roderick Archibald
Burgess Hodgson Audit Limited Camburgh House 27 New Dover Road Canterbury Kent CT13DN
Advisers
Rowan Dartington & Co Limited Temple Point Redcliffe Way Redcliffe Bristol BSI 6NL
3 .
THE HALEY FAMILY CHARITABLE TRUST STATEMENT OF TRUSTEE’S RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts 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
23/01/2026 prder of the board of trusteeson == === and signed; on its behalf by:
----- Start of picture text -----
C H Kemp - Trustee
----- End of picture text -----
4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HALEY FAMILY CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2025
Independent examiner's report to the trustees of The Haley Family Charitable Trust
| 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 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 of the accounts to be reached.(ones Nolyer PAL Up,by Roderick Archibald Burgess Hodgson Audit Limited Camburgh House \ 27 New Dover Road Canterbury Kent CT1 3DN
5
THE HALEY FAMILY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED5 APRIL 2025
| Notes | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | Total funds | |||
| fund | £ | |||
| £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Investment income | 3 | 146,207 | 163,851 | |
| EXPENDITURE ON | ||||
| Raising funds | 4 | (12,418) | (12.290) | |
| Charitable activities Charitable donations |
5 | hea | i | |
| Total | 21,619 | (95,492) | ||
| Net gains/(losses) on investments | 336,702 | 9,659 | ||
| NETINCOME/(EXPENDITURE) | 357,321 | (85,833) | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 3,250,836 | 3,336,669 | ||
| TOTALFUNDSCARRIEDFORWARD | ‘ | 3,608,157 | 3,250,836 |
The notes form part of these financial statements
6
THE HALEY FAMILY CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Investments | 8 | 3,516,685 | 3,161.241 |
| CURRENTASSETS Debtors |
9 | 2,989 | 5.970 |
| Cash at bank and in hand | 90,934 | 87.648 | |
| 93,923 | 93.617 | ||
| CREDITORS | |||
| Amounts falling due within oneyear | (2,450) | (4,022) | |
| NETCURRENT ASSETS | 91,473 | 89.595 | |
| TOTALASSETS LESS CURRENT | |||
| LIABILITIES | 23/01/2026 | 3,608,157 | 3,250,836 |
| NET ASSETS | 3,608,157 | 3,250,836 | |
| FUNDS | 11 | ||
| Unrestricted funds | 3,608,157 | 3,250,836 | |
| TOTALFUNDS | 3,608,157 | 3,250,836 |
The financial. statements were approved by the Board of Trustees and authorised. for :issue on 23/01/2026
ang.were signed on its behalf by:
----- Start of picture text -----
C H Kemp Trustee :
----- End of picture text -----
The notes form part of these financial statements
7
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025
1. STATEMENT OF COMPLIANCE
’
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 | January 2019)" and Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland”.
The presentation currency of the financial statements is the Pound Sterling.
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. They have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted 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(d); the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 1 1.48(c); the requirement of paragraph 33.7.
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
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with 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 costs incurred directly in support of expenditure on the objects of the charity.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
8
THE HALEY FAMILY CHARITABLE TRUST , NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled.
Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT
Taxation
The Charity is exempt from tax on its charitable activities.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for parlicular purposes. The costs of raising and administering such funds are charged against the specific 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 sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction price. At the end of each reporting period, they are restated at their fair value (market value) at the reporting date. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading "Net gains/(losses) on investments" in the Statement of Financial Activities.
The charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity and other investment markets due to wider economic conditions, the attitude of investors to investment risk and changes in sentiment concerning equities and within particular sectors or sub-sectors.
Financial instruments
The charity has chosen to adopt Section 11 of FRS102 in respect of financial instruments. The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans, of which the charity has none.
Investment assets are measured at fair value. Short term debtors are measured at transaction price, less any impairment. Short terms creditors are measured at transaction price.
9
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025
Key accounting estimates and assumptions
Accounting estimates, by definition, will often vary from the actual results. They are continually evaluated and are based on historical experience and other factors, including expectations of future events that are deemed to be reasonable under the circumstances. The Trustees believe that at the period end, there were no estimates and assumptions that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year.
General information
The organisation is a charitable trust in English law. The address of its registered office is shown in the Trustees' Report.
- INVESTMENT INCOME
| 3. | INVESTMENT INCOME | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Dividend income | 145,175 | 139,568 | ||||
| Deposit account interest | 1,032 | 558 | ||||
| Stamp Duty Recovery | - | 16,150 | ||||
| Sundry income | - | 7,575 | ||||
| 146,207 | 163,851 | |||||
| 4. | RAISING FUNDS | . | ||||
| Investmentmanagement osts |
2025 £ |
2024 £ |
||||
| Portfoliomanagement | 5,944 | 5,377 | ||||
| Legal | 60 | - | ||||
| Travel and meeting expenses | 6,414 | 6,913 | ||||
| Bank charge | - | - | ||||
| 12,418 | 12,290 | |||||
| CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | costs | Support costs (see note 6) | Totals | |||
| £ | £ | £ | ||||
| Charitable donations | 109,210 | 2,960 | 112,170 | |||
| 2025 | 2024 | |||||
| £ | £ | |||||
| AMMF | 5,000 | 1,000 | ||||
| Bowel Cancer | 12,917 | 100,000 | ||||
| Breast Cancer Now | 8,000 | |||||
| Countryside | - | 5,000 | ||||
| Deafblind UK | - | 5,000 | ||||
| Guide Dogs | - | 5,000 | ||||
| Injured Jockey | 70 | |||||
| Kirkwood Hospice | , | - | 31,974 | |||
| Macmillan Cancer Support | 13 | |||||
| MND | - | 2,000 | ||||
| Prostate Cancer UK | - | 35,456 | ||||
| Pancreatic Cancer | 70,911 | 13,000 | ||||
| RNIB | - | 15,000 | ||||
| RNDL | - | 5,000 | ||||
| The Pilgrims Hospice | 6,000 | 1,000 | ||||
| SalvationArmy | - | 5,000 | ||||
| Scamp and Dude | 1,300 | |||||
| Sheldwich Primary | - | 5,000 | ||||
| TheGilesTrust | 5,000 | - |
§. CHARITABLE ACTIVITIES COSTS
10
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 5 APRIL 2025
6. SUPPORT COSTS
Governance costs £ Charitable donations 2,960
Support costs, included in the above, are as follows:
Governance costs
| 2025 | 2024 | ||
|---|---|---|---|
| Charitable donations | Charitable donations | ||
| £ | £ | ||
| Accountancy | 2,100 | 1,915 | |
| Independent | examiner’s | 860 | 709 |
| remuneration | |||
| 2,960 | 2,250 |
- 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
Expenses totalling £6,413 (2024 - £6,913) for travel and meetings were payable in respect of four of the trustees for the period ended 5 April 2025.
- FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed investments | |
| £ | |
| MARKETVALUE | |
| At6 April 2024 | 3,161,241 |
| Additions Disposals |
78,003 (58,071) |
| Fees | 696 |
| Net gains/(losses) | 335,006 |
| At § April 2025 | 3,516,685 |
| NET BOOK VALUE | |
| At 5 April 2025 | 3,516,685 |
| At5April2024 | 3,161,241 |
The investment portfolio consists of £3,516,685 (2024 - £3,161,241) equity shares. Of the total equity shares, there are £503,698 (2024 - 383,289) held outside the UK.
11
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED5 APRIL 2025
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | |||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Other debtors | 2,989 | 5,970 | |||
| 10. | CREDITORS: AMOUNTS FALLINGDUEWITHIN ONEYEAR | 2025 | 2024 | ||
| £ | £ | ||||
| Accruals and deferred income | 2,450 | 4,022 | |||
| 11. | MOVEMENT INFUNDS | Net | |||
| movement | At | ||||
| At 6.4.24 | in funds | 6.4.25 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 3,250,836 | 357,321 | 3,608,157 | ||
| TOTAL FUNDS | . | 3,250,836 | 357,321 | 3,608,157 | |
| Net movement in funds, included in theabove are as follows: | |||||
| Incoming | Resources | Gains | Movement in | ||
| resources | expended | and | funds | ||
| £ | £ | losses | £ | ||
| £ | |||||
| Unrestricted funds | 146,207 | (124,588) | 335,702 | 357,321 | |
| General fund | |||||
| TOTALFUNDS | 146,207 | (124,588) | 335,702 | 357,321 |
12
THE HALEY FAMILY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 5 APRIL 2025
11. MOVEMENT IN FUNDS- continued.
Comparatives for movement in funds
| At 06.04.23 | Net movement | At 05.04.24 | ||
|---|---|---|---|---|
| £ | in funds | £ | ||
| £ | ||||
| Unrestricted funds | 3,336,669 | (85,833) | 3,250,836 | |
| General fund | ||||
| TOTAL FUNDS | 3,336,669 | (85,833) | 3,250,836 | |
| 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 | 163,851 | (259,343) | 9,659 | (85,833) |
| TOTALFUNDS | 163,851 | (259,343) | 9,659 | (85,833) |
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 | |
|---|---|---|---|
| 06.04.2023 | in funds | 05.04.2025 | |
| £ | £ | £ | |
| Unrestricted funds | 3,336,669 | 271,488 | 3,608,157 |
| General fund | |||
| TOTALFUNDS | 3,336,669 | 271,488 | 3,608,157 |
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 | 310,058 | (383,931) | 345,361 | 271,488 |
| TOTALFUNDS | 310,058 | (383,931) | 345,361 | 271,488 |
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025,
13