Charity registration number: 1149358
The Hunting Horn General Charitable Trust Annual Report and Financial Statements for the Year Ended 31 May 2025
The Hunting Horn General Charitable Trust
Contents
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Reference and Administrative Details 1
Trustees' Report 2
Trustees' responsibilities 3
Independent examiner's report 4
Statement of financial activities 5
Balance Sheet 6
Notes to the financial statements 7 to 12
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The Hunting Horn General Charitable Trust Reference and Administrative Details
| Charity name | The Hunting Horn General Charitable Trust |
|---|---|
| Charity registration number | 1149358 |
| Registered office | 3 Adams Road, Cambridge. |
| CB3 9AD | |
| Trustees | Mr S D Jackson |
| Mr M J Oldfield | |
| Bankers | Weatherbys Private Bank |
| Sanders Road | |
| Wellingborough | |
| NN8 4BX | |
| Cazenove Capital | |
| 1 London Wall Place | |
| London | |
| EC2Y 5AU | |
| Accountant | Burdett King Accountancy Limited |
| 8 The Hamiltons | |
| Newmarket | |
| CB8 0NF |
Page 1
The Hunting Horn General Charitable Trust
Trustees' Report
The Trustees present their report together with the financial statements of the Trust for the year ended 31 May 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland published on 1 January 2019.
Structure, governance and management
The Trust was established by a Deed of Declaration made 17 May 2012 and registered with the Charity Commission under reference 1149358 on 17 October 2012.
Objectives and activities
The Trust's objectives are to apply income and capital of the Trust Fund, at the discretion of the Trustees, to benefit and support general charitable purposes.
Achievements and performance
The assets of the Trust are invested in short term deposits and fixed asset investments.
At the balance sheet date the Trust's accumulated funds amounted to £5,714,288 (2024 - £7,010,933).
Trustees
The Trustees in office during the period are listed on page 1 of this report.
The power to appoint new Trustees rests with the current Trustees. As new Trustees are appointed, they receive appropriate briefing on the objectives of the Trust, and the duties and powers of the Trustees. The Trustees have unrestricted power of investment.
Public benefit statement
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
Financial review and reserves policy
The Trustees are satisfied with the position regarding reserves, and that there are sufficient funds available to carry out the Trustees' aims.
Investment Policy
The Charity’s investments are actively managed by Cazenove Capital Management, for capital growth. The Trustees appreciate this can only normally be with higher risk investments.
Page 2
The Hunting Horn General Charitable Trust Trustees, Responsibilities in relation to the Financial St8temcntS The tTUStecs Are responsible for preparing ihe Trusiecs, R¢w)rt and thc fjnancial siaiejnents in accordance wilh applicable law and Unitrd Kingdorn Accouniing Siandards IUni¢ed Kingdom Gen¢rally Aecepied Accounting Praclicel. Thc law applicable chariiies in England and Wale5 requircs th¢ irustc¢s io pr¢par¢ financial 51aletnenis for each r)nur)cial year whi¢h give a irue and fair view of ihe siatc of atrairs of ihc charity and of the incorning resour¢¢s lind applicaiion ofr¢souri¥s (¥f th¢ chariiy for ihal period. In preparing thesc financial 5talerncn15, lh¢ trusi¢¢s are r¢quired to.. select 5Ujtable accountiThg policie5 and ihen apply ihem cons151ently.' observe the methods and principles in ihe ChaTiti¢s SORP: make jud¥emenis and cstimatcs that are rcasonablc and prudcni,. SVdt¢ whLihLT appli¢abl¥ #Lcouniing? %tandards liav¢ bc¢n followed. subj¢¢i to any material deparlurcs disclosed and explained in ihc financial slatcmlnis: and pr¢par¢ thL. financial statements on ihe conlcrn basis unlc5S it 15 inappropriate io prLsumc that th¢ charity will continue in busincss. I'hc tru51ccs are rcsponsiblc for kccping propcr accounting rccords ihui disclose wilh rcasonabl¢ accura¢y at any timL ¢hc finanLial )5111 of IhL charity and Lnabl¢ ihLin i() cn%urL Ihat thc finAncial biaicincnts Comply with Ilie Charilic& Aci 2011. thc C.harily (Accounls Und RLpofi%l KLgTuI4Llions 2008 and IhL provisiuns tsf ihL Irusl dL'L,d. 'hcy arc r¥sponsibl¢ for saf¢giuarding ihe asscls of ihc charity and hcncc for takin¥ reasonable sicp$ for ¢he prcvcniion and dclcction fraud and other irrcxulAriiics. This annuAI reJx)rt was approvcd by the TrustcLs on 24 March 2026 and signcd on ihcir b¢knif by or and on b¢half of thc 'l'rustces Mr g"1) Jackson 'I'ru51ec Pagc 3
Independent Examiner's Report to the Trustees of
The Hunting Horn General Charitable Trust
I report on the accounts of the Trust for the year ended 31 May 2025, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................... Lisa King Burdett King Accountancy Limited
8 The Hamiltons Newmarket CB8 0NF
24 March 2026
Page 4
The Hunting Horn General Charitable Trust Statement of Financial Activities for the Year Ended 31 May 2025
| Note Incoming resources Incoming resources from generated funds Voluntary income 2 Investment income 3 Total incoming resources Resources expended Costs of generating funds Investment management costs 4 Charitable activities Governance costs 6 Total resources expended Net outgoing resources before other recognised gains and losses Other recognised gains/losses (Losses)/gains on investment assets Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ - 48,536 48,536 13,770 1,072,933 5,701 1,092,404 (1,043,868) (252,777) (1,296,645) 7,010,933 5,714,288 |
Total Funds 2025 £ - 48,536 48,536 13,770 1,072,933 5,701 1,092,404 (1,043,868) (252,777) (1,296,645) 7,010,933 5,714,288 |
Total Funds 2024 £ 67,759 116,333 |
|---|---|---|---|
| 184,092 | |||
| 9,773 274,653 1,298 |
|||
| 285,724 | |||
| (101,632) 998,917 |
|||
| 897,285 6,113,648 |
|||
| 7,010,933 |
All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 12 form an integral part of these financial statements.
Page 5
The Hunting Horn (yeneral Charitable Trust Balance Sheet as at 31 May 2025 2024 Note Fixed a55et$ Inve5tmcnis 5,200,924 5,453.701 Current assets Cash Al bank and in hand 514,174 1,558,027 ('.reditor5: Amounts fllllng due within onc year 10 1810) 1795) et current Assets 513,364 1.557.232 N¢¢ 4sge¢s 5,714.288 7.010.933 I'he fund5 of tht charlty: I,'nrestrleted funds Rcvaluaiion rer¥C Ilnr¢stri¢t¢d in¢om¢ funds ot1 unre5trlctd 4.467.373 1.246.915 5.714,288 4.720.150 2.290.78.1 7.010,9.33 1otal rharity fund5 5.714.288 7.010,933 Approved by lh¢ Board on 24 March 2026 and 518n¢d on 115 bchRif by.. Mr S D Jackson l-rust¢¢ I'he not¢5 on pag¢5 7 to 12 form an intC8ral part of thc5e finanrial staicm¢nts. Page 6
Notes to the Financial Statements for the Year Ended 31 May 2025
The Hunting Horn General Charitable Trust
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2019 and the Charities Act 2011.
The charity has taken advantage of certain exemptions, related to small entities, under section 1A of the SORP.
The charity constitutes a public benefit entity as defined by FRS102.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 12.
Incoming resources
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are investment management fees.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specific service or output.
Grants payable without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Page 7
The Hunting Horn General Charitable Trust
Notes to the Financial Statements for the Year Ended 31 May 2025
......... continued
Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Investments
Fixed asset investments are included at market value at the balance sheet date.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.
2 Voluntary income
| Donations and legacies Appeals and donations Gift Aid tax reclaimed |
Unrestricted Funds £ - - - |
Total Funds 2025 £ - - - |
Total Funds 2024 £ 56,607 11,152 |
|---|---|---|---|
| 67,759 |
3 Investment income
Income from listed investments Interest on cash deposits
| Unrestricted Funds £ 7,886 40,650 48,536 |
Total Funds 2025 £ 7,886 40,650 48,536 |
Total Funds 2024 £ 7,626 108,707 |
|---|---|---|
| 116,333 |
4 Investment management costs
Administration of investments
| Unrestricted | Total Funds | Total Funds |
|---|---|---|
| Funds | 2025 | 2024 |
| £ | £ | £ |
| 13,770 | 13,770 | 9,773 |
Page 8
The Hunting Horn General Charitable Trust Notes to the Financial Statements for the Year Ended 31 May 2025
......... continued
5 Details of charitable activities
| Details of charitable activities | ||||
|---|---|---|---|---|
| Charitable activities Grants paid Goods donated Grantmaking |
Activities undertaken directly £ 17,024 - - 17,024 |
Grant funding of activities £ - 894,623 161,286 1,055,909 |
2025 £ 17,024 894,623 161,286 1,072,933 |
2024 £ 41,173 229,113 4,367 |
| 274,653 | ||||
| Name of Institution British Red Cross CAMFED Eden Baptist Church Great Ormond Street Hospital Jesus Lane Trust Mandritsara Trust Orchid Cancer Princess of Wales Hospital, Bridgend Royal Commonwealth Society for the Blind St Mary's Church, Cambridge The Gate Church - Micah University of Cambridge Winter Comfort Birmingham Pastor Grace Church, Cambridge Gt Victoria Street Baptist Church Computer equipment - donated goods |
Grants paid 2025 1,000 70,000 223,373 1,814 59,467 219,800 - - 10,000 36,820 - 120,000 5,000 32,284 44,000 71,065 161,286 1,055,909 |
Grants paid 2024 £ 1,000 70,000 15,384 5,819 35,809 21,600 200 100 10,000 43,200 10,000 1,000 5,000 - - - 4,367 |
|---|---|---|
| 233,480 |
Page 9
The Hunting Horn General Charitable Trust Notes to the Financial Statements for the Year Ended 31 May 2025
......... continued
6 Governance costs
| Independent examiner / Auditors' remuneration Legal and professional costs Bank charges |
Unrestricted Funds £ 790 4,560 351 5,701 |
Total Funds 2025 £ 790 4,560 351 5,701 |
Total Funds 2024 £ 1,108 - 190 |
|---|---|---|---|
| 1,298 |
7 Trustees' remuneration and expenses
None of the trustees were paid any remuneration or expenses by the charity during the year or during 2024.
8 Net outgoing resources
Net outgoing resources is stated after crediting:
2025 2024 £ £ £ £
Page 10
The Hunting Horn General Charitable Trust
Notes to the Financial Statements for the Year Ended 31 May 2025
......... continued
9 Investments held as fixed assets
| Market value As at 1 June 2024 Unrealised and realised gains As at 31 May 2025 Net book value As at 31 May 2025 As at 31 May 2024 Gains (losses) on revaluations and disposal of investment assets 2025 £ Unrealised (252,777) Realised - (252,777) Analysis of investments Investments are revalued at values determined by the charity's fund managers, Cazenove Capital. Investments held within the portfolio that exceed 5% of the total valuation are; 2025 Scottish Mortgage Investment Trust 35% JPM Eur 70 15% RBC $ Call AMZN 50% 100% All investment assets were held outside of the UK. 10 Creditors: Amounts falling due within one year 2025 £ Accruals and deferred income 810 |
Listed investments £ 5,453,701 (252,777) 5,200,924 5,200,924 5,453,701 2024 £ 715,671 283,256 |
|---|---|
| 998,927 | |
| 2024 30% 28% 42% |
|
| 100% | |
| 2024 £ 795 |
Page 11
The Hunting Horn General Charitable Trust Notes to the Financial Statements for the Year Ended 31 May 2025
......... continued
11 Related parties
Controlling entity
The charity is controlled by the trustees.
Related party transactions
There are no related party transactions that require disclosure.
12 Analysis of funds
| General Funds Unrestricted income fund General funds Unrestricred income fund |
At 1 June 2024 £ 7,010,933 At 1 June 2023 £ 6,113,648 |
Incoming resources £ 48,536 Incoming resources £ 184,092 |
Resources expended £ (1,092,404) Resources expended £ (285,724) |
Other recognised gains/losses £ (252,777) Other recognised gains/losses £ 998,917 |
At 31 May 2025 £ 5,714,288 At 31 May 2024 £ 7,010,933 |
|---|---|---|---|---|---|
13 Net assets by fund
| Investments Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ 5,200,924 514,174 (810) 5,714,288 |
Total Funds 2025 £ 5,200,924 514,174 (810) 5,714,288 |
Total Funds 2024 £ 5,453,701 1,558,027 (795) |
|---|---|---|---|
| 7,010,933 |
Page 12